0000908834-05-000622 Sample Contracts

FORM OF INCENTIVE STOCK OPTION AGREEMENT UNDER THE LINCOLN BANCORP 2005 STOCK OPTION PLAN
Incentive Stock Option Agreement • September 9th, 2005 • Lincoln Bancorp /In/ • Savings institution, federally chartered

You are hereby granted the option to purchase a total of ________ shares of the Common Stock, without par value (“Common Stock”), of Lincoln Bancorp (the “Holding Company”) over the next ten years pursuant to the Holding Company’s 2005 Stock Option Plan (the “Plan”), on the following terms and conditions:

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FORM OF NON-QUALIFIED STOCK OPTION AGREEMENT UNDER THE LINCOLN BANCORP FOR DIRECTORS
Non-Qualified Stock Option Agreement • September 9th, 2005 • Lincoln Bancorp /In/ • Savings institution, federally chartered

You are hereby granted the option to purchase a total of _______ shares of the Common Stock, without par value (“Common Stock”), of Lincoln Bancorp (the “Holding Company”) over the next ten years and one day pursuant to the Holding Company’s 2005 Stock Option Plan (the “Plan”), on the following terms and conditions:

FORM OF NON-QUALIFIED STOCK OPTION AGREEMENT UNDER THE LINCOLN BANCORP FOR EMPLOYEES
Non-Qualified Stock Option Agreement • September 9th, 2005 • Lincoln Bancorp /In/ • Savings institution, federally chartered

You are hereby granted the option to purchase a total of _______ shares of the Common Stock, without par value (“Common Stock”), of Lincoln Bancorp (the “Holding Company”) over the next ten years and one day pursuant to the Holding Company’s 2005 Stock Option Plan (the “Plan”), on the following terms and conditions:

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