FORM of LYDALL, INC. NONQUALIFIED STOCK OPTION AGREEMENT FOR OUTSIDE DIRECTORS IN LIEU OF CASH-BASED RETIREMENT BENEFITSNonqualified Stock Option Agreement • November 4th, 2009 • Lydall Inc /De/ • Motor vehicle parts & accessories • Connecticut
Contract Type FiledNovember 4th, 2009 Company Industry JurisdictionTHIS NONQUALIFIED STOCK OPTION AGREEMENT (this “Agreement”) is made and entered into as of ,20 (the “Date of Grant”) between Lydall, Inc., a Delaware corporation (the “Company”), and the undersigned recipient (the “Recipient”) of a Nonqualified Stock Option granted under the Amended and Restated Lydall 2003 Stock Incentive Compensation Plan (the “Plan”). All capitalized terms used but not defined in this Agreement shall have the same meanings that have been ascribed to them in the Plan, unless the context clearly requires otherwise.
FORM of LYDALL, INC. NONQUALIFIED STOCK OPTION AGREEMENT FOR OUTSIDE DIRECTORS ANNUAL MEETING AUTOMATIC AWARDNonqualified Stock Option Agreement • November 4th, 2009 • Lydall Inc /De/ • Motor vehicle parts & accessories • Connecticut
Contract Type FiledNovember 4th, 2009 Company Industry JurisdictionTHIS NONQUALIFIED STOCK OPTION AGREEMENT (this “Agreement”) is made and entered into as of ,20 (the “Date of Grant”) between Lydall, Inc., a Delaware corporation (the “Company”), and the undersigned recipient (the “Recipient”) of a Nonqualified Stock Option granted under the Amended and Restated Lydall 2003 Stock Incentive Compensation Plan (the “Plan”). All capitalized terms used but not defined in this Agreement shall have the same meanings that have been ascribed to them in the Plan, unless the context clearly requires otherwise.