0001193125-04-133813 Sample Contracts

BANK MUTUAL CORPORATION INCENTIVE STOCK OPTION AGREEMENT
Incentive Stock Option Agreement • August 6th, 2004 • Bank Mutual Corp • Savings institution, federally chartered

Option granted the 3rd day of May, 2004 (the “Date of Grant”), by BANK MUTUAL CORPORATION, a Wisconsin corporation (hereinafter called “Bank Mutual”), to Officer (hereinafter called the “Optionee”).

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BANK MUTUAL CORPORATION DIRECTOR STOCK OPTION AGREEMENT
Director Stock Option Agreement • August 6th, 2004 • Bank Mutual Corp • Savings institution, federally chartered

Option granted the 3rd day of May, 2004(the “Date of Grant”), by BANK MUTUAL CORPORATION, a Wisconsin corporation (hereinafter called “Bank Mutual”), to Director (hereinafter called the “Optionee”).

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