KMG AMERICA CORPORATION Nonqualified Stock Option Agreement Number of shares subject to Nonqualified Stock Option: _________Nonqualified Stock Option Agreement • April 21st, 2006 • KMG America CORP • Life insurance • Virginia
THIS NONQUALIFIED STOCK OPTION AGREEMENT (this “Agreement”) dated as of the ____ day of ________, 20__, by and between KMG AMERICA CORPORATION, a Virginia corporation (the “Company”), and _____________________ (the “Participant”), is made pursuant and subject to the provisions of the Company’s 2004 Equity Incentive Plan (the “Plan”), a summary of which is attached hereto. All terms used but not defined herein that are defined in the Plan have the same meaning given them in the Plan.
