FORM --Stock Option Agreement • April 15th, 1998 • Automatic Data Processing Inc • Services-computer processing & data preparation
This Option and all rights to purchase shares of Stock hereunder shall expire ____________, 2004 (the "Expiration Date"). Notwithstanding the foregoing, the Option granted hereunder shall expire with respect to any shares five years from the date that options with respect to such shares are first exercisable. To the extent that this Option has not been exercised in full prior to its termination or expiration date, whichever first occurs, it shall terminate and become void and of no effect.
