Non-Qualified Stock Option Plan Agreement Sample Contracts

FORM OF ZALE CORPORATION 2003 STOCK INCENTIVE PLAN, AS AMENDED NON-QUALIFIED STOCK OPTION PLAN AGREEMENT
Non-Qualified Stock Option Plan Agreement • September 26th, 2008 • Zale Corp • Retail-jewelry stores

Grant Zale Corporation (the "Company"), on behalf of Zale Delaware, Inc., its wholly-owned subsidiary, hereby grants to the Participant named above, as of the grant date above, the above number of Non-Qualified Stock Options to purchase common stock of the Company ("Company Stock") at the above Option Exercise Price per share subject to the terms and conditions set forth in this Plan Agreement and in the Zale Corporation 2003 Stock Incentive Plan (the "Plan"), as amended.

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