0001104349-13-000012 Sample Contracts

CAPELLA EDUCATION COMPANY Non-Statutory Stock Option Agreement (16(b) Officer) (for use commencing in 2013)
Non-Statutory Stock Option Agreement • February 21st, 2013 • Capella Education Co • Services-educational services • Minnesota

This is a Non-Statutory Stock Option Agreement (“Agreement”) between Capella Education Company, a Minnesota corporation (the “Company”), and the optionee identified above (the “Optionee”) effective as of the date of grant specified above. To the extent any capitalized terms used in this Agreement are not defined, they shall have the meaning ascribed to them in the Company's 2005 Stock Incentive Plan (the “Plan”).

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