0000950123-05-006376 Sample Contracts

PHH CORPORATION 2005 EQUITY AND INCENTIVE PLAN NON-QUALIFIED STOCK OPTION AGREEMENT
Non-Qualified Stock Option Agreement • May 16th, 2005 • PHH Corp • Miscellaneous business credit institution • Maryland

This NON-QUALIFIED STOCK OPTION AGREEMENT (“Stock Option Agreement”) is effective as of [Date] (the “Grant Date”), between PHH Corporation, a Maryland corporation (the “Company”), and the optionee specified on Exhibit A hereto and made a part hereof (the “Optionee”).

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