0000950144-04-008874 Sample Contracts

R & G Financial Corporation 2004 STOCK OPTION PLAN INCENTIVE STOCK OPTION AGREEMENT
2004 Stock Option Plan • September 3rd, 2004 • R&g Financial Corp • State commercial banks • Puerto Rico

Stock Option Agreement (this “Option Agreement”), dated as of (the “Grant Date”), between R & G Financial Corporation (the “Company”) and (the “Participant”). This Option Agreement is pursuant to the terms of the R & G Financial Corporation 2004 Stock Option Plan (the “Plan”), a copy of which has been furnished to the Participant and the terms of which are incorporated herein by reference. Unless otherwise indicated, whenever capitalized terms are used in this Option Agreement, they shall have the meanings set forth in the Plan.

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R & G FINANCIAL CORPORATION 2004 STOCK OPTION PLAN NONQUALIFIED STOCK OPTION AGREEMENT
Nonqualified Stock Option Agreement • September 3rd, 2004 • R&g Financial Corp • State commercial banks • Puerto Rico

Stock Option Agreement (this “Option Agreement”), dated as of (the “Grant Date”), between R & G Financial Corporation (the “Company”) and (the “Participant”). This Option Agreement is pursuant to the terms of the R & G Financial Corporation 2004 Stock Option Plan (the “Plan”), a copy of which has been furnished to the Participant and the terms of which are incorporated herein by reference. Unless otherwise indicated, whenever capitalized terms are used in this Option Agreement, they shall have the meanings set forth in the Plan.

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