DEFERRED STOCK AWARD OR NON-QUALIFIED STOCK OPTION ELECTION FORM [YEAR]Deferred Stock Award or Non-Qualified Stock Option Election Form • July 6th, 2006 • Ansys Inc • Services-prepackaged software
This Deferred Stock Award or Non-Qualified Stock Option Election Form (the “Election Form”) is entered into by and between ANSYS, Inc. (the “Company”) and (“Participant”), who is a member of the Board of Directors of the Company meeting the requirements set forth in Section 5(c)(i)(A) of the Third Amended and Restated ANSYS, Inc. 1996 Stock Option and Grant Plan (the “Plan”). The Plan provisions are incorporated herein by reference in their entirety and supersede any conflicting provisions contained in this Election Form. Capitalized terms used but not defined herein shall have the meaning given such terms in the Plan. Neither this Election Form nor the Plan shall be construed as giving the Participant any right to continue to serve as a director of the Company. This election is effective for awards granted in 200 .
