OPTION AGREEMENT ---------------- [Date of Option] TO: [Name of Optionee] Re: Non-Qualified Stock Option Midway Games Inc. 1998 Non-Qualified Stock Option Plan This letter will evidence the grant to you on ___________ ("Grant Date") by the...Option Agreement • June 24th, 1998 • Midway Games Inc • Miscellaneous manufacturing industries
This letter will evidence the grant to you on ___________ ("Grant Date") by the Compensation and Stock Option Committee of the Board of Directors of Midway Games Inc. (the "Company") of an option pursuant to the Company's 1998 Non-Qualified Stock Option Plan (the "Plan") to purchase ___________ (_____) shares ("Total Grant") of the common stock, par value $.01 per share ("Common Stock"), of the Company at a price of ___________ ($_______ ) per share (the "Option"). Under applicable provisions of the Internal Revenue Code of 1986, as amended, the Option is treated as a non-qualified stock option.
