0001104659-06-017405 Sample Contracts

NONSTATUTORY STOCK OPTION AWARD AGREEMENT UNDER THE MORNINGSTAR, INC. 2004 STOCK INCENTIVE PLAN
Nonstatutory Stock Option Award Agreement • March 16th, 2006 • Morningstar, Inc. • Investment advice

This OPTION AWARD AGREEMENT (“Agreement”) is made effective «Grant_Date» (the “Grant Date”), and is between Morningstar, Inc., an Illinois corporation (the “Company”), and «First_Name» «Last_Name» (the “Participant”). Any term capitalized but not defined in this Agreement will have the meaning set forth in the Morningstar, Inc. 2004 Stock Incentive Plan (the “Plan”).

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