CENTENNIAL COMMUNICATIONS CORP. Non-Qualified Stock Option AgreementNon-Qualified Stock Option Agreement • July 30th, 2008 • Centennial Communications Corp /De • Radiotelephone communications • New York
Pursuant to the Centennial Communications Corp. and its Subsidiaries 1999 Stock Option and Restricted Stock Purchase Plan (the “Plan”), the Board of Directors of Centennial Communications Corp. (the “Company”) has granted to you on this date an option (the “Option”) to purchase in the aggregate, on the terms and subject to the conditions set forth herein, [Number] shares of the Company’s Common Stock, $.01 par value (“Common Stock”). Such shares (as the same may be adjusted as described in Section 10 below) are herein referred to as the “Option Shares”. The Option shall constitute and be treated at all times by you and the Company as a “non-qualified stock option” for Federal income tax purposes and shall not constitute and shall not be treated as an “incentive stock option” as defined under Section 422(b) of the Internal Revenue Code of 1986, as amended (the “Code”). The terms and conditions of the Option are set out below.
