NON-EMPLOYEE DIRECTOR NONSTATUTORY STOCK OPTION AGREEMENTNon-Employee Director • May 9th, 2012 • Nautilus, Inc. • Sporting & athletic goods, nec • Washington
Nautilus, Inc. (the “Company”), through its Board of Directors or a Committee thereof (the "Plan Administrator"), has granted to XX (the “Optionee”), an option to purchase a total of XX shares of the Company's Common Stock (the "Option Shares"), at an exercise price of $XX for each Option Share. This Option has been granted on XX (the "Grant Date") pursuant to the Nautilus, Inc. 2005 Long Term Incentive Plan (the “Plan”) which is incorporated herein by reference. The terms defined in the Plan shall have the same defined meanings herein.
