0000950134-07-024152 Sample Contracts

PEERLESS MFG. CO. 2007 STOCK INCENTIVE PLAN RESTRICTED STOCK AWARD AGREEMENT FOR EMPLOYEES
2007 Stock Incentive Plan Restricted Stock Award Agreement for Employees • November 16th, 2007 • Peerless Manufacturing Co • General industrial machinery & equipment, nec • Texas

THIS RESTRICTED STOCK AWARD AGREEMENT (this “Agreement”), dated as of ___, 20___is entered into between PEERLESS MFG. CO., a Texas corporation (the “Company”), and ___(“Grantee”). Capitalized terms used herein but not defined shall have the meanings assigned to those terms in the Peerless Mfg. Co. 2007 Stock Incentive Plan (the “Plan”).

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PEERLESS MFG. CO. 2007 STOCK INCENTIVE PLAN NONQUALIFIED STOCK OPTION AWARD AGREEMENT
2007 Stock Incentive Plan Nonqualified Stock Option Award Agreement • November 16th, 2007 • Peerless Manufacturing Co • General industrial machinery & equipment, nec • Texas

THIS OPTION AWARD AGREEMENT (this “Agreement”), dated as of , is entered into between PEERLESS MFG. CO., a Texas corporation (the “Company”), and (“Optionee”). Capitalized terms used herein but not defined shall have the meanings assigned to those terms in the Peerless Mfg. Co. 2007 Stock Incentive Plan (the “Plan”).

PEERLESS MFG. CO.
Restricted Stock Award Agreement • November 16th, 2007 • Peerless Manufacturing Co • General industrial machinery & equipment, nec • Texas

THIS RESTRICTED STOCK AWARD AGREEMENT (this “Agreement”), dated as of , 20 is entered into between PEERLESS MFG. CO., a Texas corporation (the “Company”), and (“Grantee”). Capitalized terms used herein but not defined shall have the meanings assigned to those terms in the Peerless Mfg. Co. 2007 Stock Incentive Plan (the “Plan”).

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