NON-EMPLOYEE DIRECTOR PHANTOM STOCK UNIT AGREEMENTPhantom Stock Unit Agreement • March 7th, 2008 • Arden Group Inc • Retail-grocery stores • California
THIS PHANTOM STOCK UNIT AGREEMENT (the “Agreement”), dated as of the 6th day of December, 2007, by and between Arden Group, Inc., a Delaware corporation (the “Company”), and (the “Unit Holder”), is made with reference to the following facts:
