STOCK OPTION AGREEMENT March 5, 2007Stock Option Agreement • May 14th, 2007 • Gundle SLT Environmental Inc • Unsupported plastics film & sheet • Delaware
The Company is pleased to advise you that its Board of Directors has granted to you a stock option (an “Option”), as provided below, under the GEO Holdings Corp. 2004 Stock Option Plan (the “Plan”), a copy of which is attached hereto and incorporated herein by reference. The Option is not intended to be an “incentive stock option” within the meaning of Section 422 of the Code. The Option has been granted, and the Option Shares will be issued, pursuant to a “compensatory benefit plan” within the meaning of such term under Rule 701 of the Securities Act of 1933, as amended.
