Common Contracts

2 similar Director Stock Option Agreement contracts by Pmi Group Inc, Watkins Johnson Co

Grant Year ___________ DIRECTOR STOCK OPTION AGREEMENT GRANT #TPG0002
Director Stock Option Agreement • November 12th, 1998 • Pmi Group Inc • Surety insurance

The PMI Group, Inc. (The "Company") hereby grants you, [NAME] (the "Director"), a stock option under the Company's Stock Plan for Non-Employee Directors (the "Plan") to purchase shares of common stock of the Company ( "Stock"). The date of this Agreement is [MONTH], [DAY], [YEAR] ("Agreement"). Subject to certain conditions, the latest date this option will expire is [MONTH], [DAY],[YEAR (10 years after grant)] (the "Expiration Date"). Subject to the provisions of the Plan, the principal features of this option are as follows:

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