PROGRESS ENERGY, INC. STOCK OPTION AGREEMENTStock Option Agreement • May 2nd, 2003 • Progress Energy Inc • Electric services • North Carolina
On the terms and conditions set forth in this Agreement and the Stock Option Award referencing this Agreement (the “Award”), Progress Energy, Inc. (the “Corporation”) grants on the Grant Date to the Optionee named in the Award a Nonqualified Stock Option (an “Option” and collectively, the “Options”) to acquire from the Corporation at the Exercise Price Per Share specified in the Award for such Option the aggregate number of Shares specified in the Award for such Option (the “Option Shares”). The Option is not to be treated as (and is not intended to qualify as) an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.
PROGRESS ENERGY, INC. NONQUALIFIED STOCK OPTION AWARD UNDER THE PROGRESS ENERGY, INC. 2002 EQUITY INCENTIVE PLANNonqualified Stock Option Award • May 2nd, 2003 • Progress Energy Inc • Electric services
You have been granted the following Option to purchase shares of common stock of Progress Energy, Inc. (the “Shares”), subject to the conditions in the attached Stock Option Agreement (the “Agreement”) as authorized by the Organization and Compensation Committee (the “Committee”) of the Board of Directors of Progress Energy, Inc.:
