0001206774-06-000531 Sample Contracts

RESTRICTED STOCK AGREEMENT
Restricted Stock Agreement • March 22nd, 2006 • Forward Air Corp • Arrangement of transportation of freight & cargo • Tennessee

This Agreement (this “Agreement”) evidences the award of ____________ restricted shares (each, an “Award Share,” and collectively, the “Award Shares”) of the Common Stock of Forward Air Corporation, a Tennessee corporation (the “Company”), granted to you, _______________________ , effective as of February 12, 2006 (the “Grant Date”), pursuant to the Forward Air Corporation Restated 1999 Stock Option and Incentive Plan (the “Plan”) and conditioned upon your agreement to the terms described below. All of the provisions of the Plan are expressly incorporated into this Agreement.

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FORWARD AIR CORPORATION OPTION RESTRICTION AGREEMENT
Forward Air Corporation Option Restriction Agreement • March 22nd, 2006 • Forward Air Corp • Arrangement of transportation of freight & cargo

This OPTION RESTRICTION AGREEMENT (this “Agreement”), with respect to certain stock options issued under the Forward Air Corporation 1999 Stock Option and Incentive Plan, as amended (the “Plan”), is made by and between Forward Air Corporation, a Tennessee corporation (the “Company”), and [EXECUTIVE] (the “Executive”).

Date] Incentive Stock Option Agreement
Incentive Stock Option Agreement • March 22nd, 2006 • Forward Air Corp • Arrangement of transportation of freight & cargo

This Agreement sets forth the terms under which Forward Air Corporation, a Tennessee corporation (the "Company"), has awarded you an option to purchase shares of the $0.01 par value common stock of the Company (the "Common Stock"). This Agreement, along with the Company’s 1999 Stock Option and Incentive Plan (the "Plan"), as amended, Plan Prospectus, Insider Trading Policy and such additional documents as are approved by the Company, constitute the terms and conditions governing the grant of options hereunder. Terms not otherwise defined herein shall have the meanings set forth in the Plan.

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