FORM OF OPTION AGREEMENT PIERRE HOLDING CORP. 9990 Princeton Road Cincinnati, Ohio 45246 STOCK OPTION AGREEMENT DateForm of Option Agreement • January 18th, 2005 • Pierre Foods Inc • Bakery products • Delaware
The Company is pleased to advise you that its Board of Directors has granted to you a stock option (an “Option”), as provided below, under the Pierre Holding Corp. 2004 Stock Option Plan (the “Plan”), a copy of which is attached hereto and incorporated herein by reference. The Option has been granted, and the Option Shares will be issued, pursuant to a “compensatory benefit plan” within the meaning of such term under Rule 701 of the Securities Act of 1933, as amended.
