COMMERCE ENERGY GROUP, INC. 2006 STOCK INCENTIVE PLAN __________________________ Non-Qualified Stock Option Award Agreement (for Non- Employee Directors)* _________________________ Award No.Stock Option Award Agreement • May 18th, 2006 • Commerce Energy Group Inc • Electric services • Delaware
You (the “Participant”) are hereby awarded the following stock option (the “Option”) to purchase Shares of Commerce Energy Group, Inc. (the “Company”), subject to the terms and conditions set forth in this Non-Qualified Stock Option Award Agreement (the “Award Agreement”) and in the Commerce Energy Group, Inc. 2006 Stock Incentive Plan (the “Plan”), which is attached hereto as Exhibit A. A summary of the Plan appears in its Prospectus, which is attached as Exhibit B. You should carefully review these documents, and consult with your personal financial advisor, before exercising this Option.
COMMERCE ENERGY GROUP, INC. 2006 STOCK INCENTIVE PLAN Restricted Share Award Agreement (for Non-Employee Directors) Initial Grant Award No. DateRestricted Share Award Agreement • May 18th, 2006 • Commerce Energy Group Inc • Electric services • Delaware
In consideration of, and as a reward for, your past services rendered to Commerce Energy Group, Inc. (“the Company”) and to provide you with an incentive for on-going superior performance (which has a value exceeding the par value of the Restricted Shares awarded pursuant to this Agreement) you are hereby awarded Restricted Shares subject to the terms and conditions set forth in this Restricted Share Award Agreement (“Award Agreement” or “Award”), and in the Commerce Energy Group, Inc. 2006 Stock Incentive Plan (the “Plan”), which is attached hereto as Exhibit A. A summary of the Plan appears in its Prospectus, which is attached as Exhibit B. You should carefully review these documents, and consult with your personal financial advisor, in order to fully understand the implications of this Award, including your tax alternatives and their consequences.
