NON-EMPLOYEE DIRECTOR PHANTOM STOCK UNIT AGREEMENTPhantom Stock Unit Agreement • August 10th, 2005 • Arden Group Inc • Retail-grocery stores • California
THIS PHANTOM STOCK UNIT AGREEMENT (the “Agreement”), dated as of this 22nd day of June, 2005, by and between Arden Group, Inc., a Delaware corporation (the “Company”), and Steven C. Gordon (the “Unit Holder”), is made with reference to the following facts:
