WASHINGTON MUTUAL, INC. STOCK OPTION AGREEMENT (3-Year Graded Vesting)Washington Mutual Inc • March 14th, 2005 • Savings institution, federally chartered • Washington
Washington Mutual, Inc. (the "Company"), by action of the Board and approval of its shareholders, established the Washington Mutual, Inc. 2003 Equity Incentive Plan (the "Plan"). The Participant is employed by the Company or a Related Company (or in the case of a Nonqualified Stock Option, the Participant is an employee, director, consultant, agent, advisor or independent contractor of the Company or a Related Company) and the Company desires to encourage the Participant to own Common Stock for the purposes stated in Section 1 of the Plan. In consideration of the foregoing, the parties have entered into this Stock Option Agreement (this "Agreement") to govern the terms of the Option (as defined below) granted by the Company. Defined terms in the Plan shall have the same meaning in this Agreement, except where the context otherwise requires.
