FORM OF OPTION AGREEMENT RELATED TO 2001 NON EMPLOYEE DIRECTOR STOCK OPTION PROGRAM THE STEAK N SHAKE COMPANY NONEMPLOYEE DIRECTOR STOCK OPTION AGREEMENTNonemployee Director Stock Option Agreement • January 31st, 2002 • Steak & Shake Co • Retail-eating places • Indiana
Contract Type FiledJanuary 31st, 2002 Company Industry JurisdictionTHIS AGREEMENT, made this day of , 20 by and between THE STEAK N SHAKE COMPANY, an Indiana corporation with its principal office at 36 South Pennsylvania Street, Indianapolis, Indiana (hereinafter called "Company") and , (hereinafter called "Grantee") pursuant to the terms, conditions and limitations contained in the Company's Nonemployee Director Stock Option Plan (hereinafter called the "Plan").