NON-EMPLOYEE DIRECTOR PHANTOM STOCK UNIT AGREEMENTNon-Employee Director Phantom Stock Unit Agreement • May 8th, 2007 • Arden Group Inc • Retail-grocery stores • California
THIS PHANTOM STOCK UNIT AGREEMENT (the “Agreement”), dated as of this 13th day of March, 2007, by and between Arden Group, Inc., a Delaware corporation (the “Company”), and M. Mark Albert (the “Unit Holder”), is made with reference to the following facts:
