Director Fee Option Award Agreement Sample Contracts

DIRECTOR FEE OPTION AWARD AGREEMENT The Ultimate Software Group, Inc. 2005 Equity and Incentive Plan

Director Fee Option Award Agreement • January 3rd, 2006 • Ultimate Software Group Inc • Services-prepackaged software • Delaware

• Contract Type
  Director Fee Option Award Agreement
• Filed
  January 3rd, 2006
• Company
  Ultimate Software Group Inc
• Industry
  Services-prepackaged software
• Jurisdiction
  Delaware

This Award Agreement (the “Agreement”) made as of this [___] day of [___], 20[___], between The Ultimate Software Group, Inc., a Delaware corporation (the “Company”), and ___ (the “Optionee”), is made pursuant to the terms of The Ultimate Software Group, Inc. 2005 Equity and Incentive Plan (the “Plan”). This Agreement and the benefits conferred hereunder shall be subject to the approval of the Plan by the Company’s stockholders at the Company’s 2005 Annual Meeting of Stockholders. Capitalized terms used herein but not defined shall have the meanings set forth in the Plan.