NON-EMPLOYEE DIRECTOR PHANTOM STOCK UNIT AGREEMENTPhantom Stock Unit Agreement • March 14th, 2005 • Arden Group Inc • Retail-grocery stores • California
THIS PHANTOM STOCK UNIT AGREEMENT (the “Agreement”), dated as of this 20th day of January, 2004, by and between Arden Group, Inc., a Delaware corporation (the “Company”), and ___ (the “Unit Holder”), is made with reference to the following facts:
