NONQUALIFIED STOCK OPTION AGREEMENTStock Option Agreement • June 2nd, 2006 • United Retail Group Inc/De • Retail-women's clothing stores
We are pleased to inform you that, as a key associate or a member of the Board of Directors of United Retail Group, Inc. (herein called the “Company”) or one of its subsidiaries, you have been granted an option under the Company’s 2006 Equity-Based Compensation and Performance Incentive Plan (herein called the “Plan”). The option gives you the right to purchase units, consisting of one share of common stock, $.001 par value per share, with a stock purchase warrant attached (herein collectively called “shares”) of the Company, subject to your acceptance of the award as provided in Section 1 below and the terms and conditions that follow in this letter agreement or are contained in the Plan. The date of the grant evidenced by this letter agreement (herein called the date of grant), the date the option expires, the maximum number of shares the option entitles you to purchase and the exercise price per share are set forth above. (The option is not intended to be an “incentive stock option”
FREESTANDING STOCK APPRECIATION RIGHT AGREEMENT (Settled in Cash)Stock Appreciation Right Agreement • June 2nd, 2006 • United Retail Group Inc/De • Retail-women's clothing stores
We are pleased to inform you that, as a Director of United Retail Group, Inc. (herein called the “Company”), you have been granted a stock appreciation right (herein called a “right”) under the Company’s 2006 Equity-Based Compensation and Performance Incentive Plan (herein called the “Plan”). The right gives you the opportunity to receive payment equal to the amount by which the market value, at the time of exercise of the right, of all shares in respect of which the right is exercised exceeds the grant price set forth above multiplied by the number of shares in respect of which the right is exercised, subject to your acceptance of the award as provided in Section 1 below and the terms and conditions that follow in this letter agreement or are contained in the Plan. The date of the grant evidenced by this letter agreement (herein called the date of grant) and the date the right expires are set forth above. A copy of the Plan and a Notice of Exercise of Right form are enclosed. The term
STOCK APPRECIATION RIGHTS PLAN STOCK APPRECIATION RIGHT AGREEMENT (Settled in Cash)Stock Appreciation Rights Plan • June 2nd, 2006 • United Retail Group Inc/De • Retail-women's clothing stores
We are pleased to confirm to you that, as a Director of United Retail Group, Inc. (herein called the “Company”), you have been granted stock appreciation rights (herein called “Rights”) under the Company’s Stock Appreciation Rights Plan (herein called the “Plan”). This letter is for the purpose of providing documentation for the grant. You have been granted _____ Right[s] for each Share issuable upon exercise of the Option whose date of grant is the same as the date of grant set forth above (the “Contemporaneous Option”). A copy of the Plan is enclosed. The terms and conditions of the Right, including non-standard provisions permitted by the Plan, are set forth below, provided, however, that in the event of any inconsistency between the provisions of this letter agreement and the Plan, the provisions of the Plan shall prevail. Capitalized terms herein that are not defined shall have the meanings set forth in the Plan.
