ContractRetirement Corporation Incentive Stock Option Agreement • March 4th, 2005 • American Retirement Corp • Services-skilled nursing care facilities
Exhibit 10.53 AMERICAN RETIREMENT CORPORATION INCENTIVE STOCK OPTION AGREEMENT THIS STOCK OPTION AGREEMENT is made and entered into this _____ day of ______________, ______, by and between AMERICAN RETIREMENT CORPORATION, a Tennessee corporation (the “Company”), and _________________ (the “Optionee”). Capitalized terms not otherwise defined herein shall have the meaning ascribed to such terms in the American Retirement Corporation 1997 Stock Incentive Plan, as amended (the “Plan”). WHEREAS, the Company has adopted the Plan pursuant to which the Company is authorized to grant employees of the Company options to purchase shares of the Company’s common stock, par value $.01 per share (the “Common Stock”); WHEREAS, the Company desires to afford the Optionee an opportunity to purchase Common Stock as hereinafter provided in accordance with the provisions of the Plan. NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth and for other good and valuable consideration
