0000950142-13-001354 Sample Contracts

STAND-ALONE OPTION AGREEMENT
Stand-Alone Option Agreement • May 24th, 2013 • Canadian Pacific Railway LTD/Cn • Railroads, line-haul operating • Alberta

WHEREAS the Options (as defined below) were granted by the Corporation to the Optionholder on February 4, 2013, conditional upon the Optionholder entering into an employment agreement and commencing employment with the Corporation, and conditional upon approval of the Toronto Stock Exchange;

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