Assisted Living Concepts, Inc. DIRECTOR TANDEM STOCK OPTION/STOCK APPRECIATION RIGHTS AWARD AGREEMENTTandem Stock Option/Stock Appreciation Rights Award Agreement • May 9th, 2008 • Assisted Living Concepts Inc • Services-nursing & personal care facilities
This Tandem Stock Option/Stock Appreciation Rights Award Agreement (the “Award Agreement”) is entered into as of , between Assisted Living Concepts, Inc. (“ALC”) and Director. In consideration of the mutual promises and covenants made in this Award Agreement and the mutual benefits to be derived from this Award Agreement, ALC and the Director agree as follows:
