Independent Director Stock Option Agreement Sample Contracts

NAVIENT CORPORATION 2014 OMNIBUS INCENTIVE PLAN INDEPENDENT DIRECTOR STOCK OPTION AGREEMENT – 2010
Independent Director Stock Option Agreement • August 1st, 2014 • Navient Corp • Security brokers, dealers & flotation companies

In connection with the separation (the “Separation”) of the publicly-traded bank holding company pursuant to that certain Separation and Distribution Agreement (the “Separation Agreement”) by and among Predecessor SLM, New BLC Corporation, which entity was renamed as of April 29, 2014 as SLM Corporation (“SLM BankCo”), and Navient Corporation (“NewCo”), SLM BankCo has assumed the SLM Plan.

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SLM Corporation 2012 Omnibus Incentive Plan Independent Director Stock Option Agreement 2013
Independent Director Stock Option Agreement • May 3rd, 2013 • SLM Corp • Personal credit institutions • Delaware

FOR GOOD AND VALUABLE CONSIDERATION, SLM Corporation (the “Corporation”) hereby grants to Optionee named below non-qualified stock options (the “Options”) to purchase any part or all of the number of shares of the Corporation’s common stock, par value $0.20 per share (the “Common Stock”), specified below, at the Exercise Price per share specified below and upon the terms and conditions set forth in this agreement (“Agreement”) and the SLM Corporation 2012 Omnibus Incentive Plan (the “Plan”), each as may be amended from time to time. In the event of any conflict between the provisions of this Agreement and the provisions of the Plan, the terms of the Plan shall control, except as expressly stated otherwise herein.

Navient Corporation 2014 Omnibus Incentive Plan Independent Director Stock Option Agreement 2013
Independent Director Stock Option Agreement • August 1st, 2014 • Navient Corp • Security brokers, dealers & flotation companies • Delaware

In connection with the separation (the “Separation”) of the publicly-traded bank holding company pursuant to that certain Separation and Distribution Agreement (the “Separation Agreement”) by and among Predecessor SLM, New BLC Corporation, which entity was renamed as of April 29, 2014 as SLM Corporation (“SLM BankCo”), and Navient Corporation (“NewCo”), SLM BankCo has assumed the SLM Plan.

H2DIESEL HOLDINGS, INC. Form of Independent Director Stock Option Agreement
Independent Director Stock Option Agreement • February 21st, 2007 • H2Diesel Holdings, Inc • Telephone communications (no radiotelephone) • Florida
THE KEITH COMPANIES, INC. INDEPENDENT DIRECTOR STOCK OPTION AGREEMENT
Independent Director Stock Option Agreement • March 10th, 2005 • Keith Companies Inc • Services-engineering services • California

This Nonqualified Stock Option Agreement (the “Agreement”) is entered into as of [Date], by and between The Keith Companies, Inc. (formerly known as The Keith Companies — Inland Empire, Inc.), a California corporation (the“Company”) and [Name] (the “Optionee”) pursuant to the Company’s Amended and Restated 1994 Stock Incentive Plan (the “Plan”).

USANA HEALTH SCIENCES, INC. INDEPENDENT DIRECTOR STOCK OPTION AGREEMENT
Independent Director Stock Option Agreement • April 26th, 2006 • Usana Health Sciences Inc • Medicinal chemicals & botanical products • Utah

This Stock Option Agreement (“Agreement”) is entered into as of the day of , between USANA HEALTH SCIENCES, INC., a Utah corporation (the “Company”), and (“Optionee”).

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