KATY INDUSTRIES, INC. STAND-ALONE STOCK APPRECIATION RIGHTS AGREEMENTStand-Alone Stock Appreciation Rights Agreement • September 6th, 2006 • Katy Industries Inc • Special industry machinery, nec • Delaware
THIS STAND-ALONE STOCK APPRECIATION RIGHTS AGREEMENT (this “Agreement”) is made by and between Katy Industries, Inc., a Delaware corporation (the “Company”), and ____________________ (the “Participant”), on this the ____ day of ______________, 2006, to provide additional compensation to the Participant to serve as a non-employee member of the Board of Directors of the Company.
