Stock Incentive Plan 2004 Award Agreement         agreement Sample Contracts

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Stock Incentive Plan 2004 Award Agreement         agreement • August 2nd, 2004 • Plum Creek Timber Co Inc • Real estate investment trusts • Washington

STOCK INCENTIVE PLAN 2004 AWARD AGREEMENT AGREEMENT made as of the 2nd day of February 2004, between Plum Creek Timber Company, Inc., a Delaware corporation (the “Company”), and the individual identified on the Award Agreement Acceptance attached hereto (the “Acceptance”), an employee of Plum Creek Timberlands, L.P., a subsidiary of the Company (“Employee”). Terms used herein, unless otherwise defined herein, shall have the meanings ascribed to them in the Plum Creek Timber Company, Inc. Stock Incentive Plan, as the same may be amended from time to time (as amended, the “Plan”). To carry out the purposes of the Plan by affording Employee the opportunity to purchase shares of common stock, par value $.01 per share, of the Company (“Stock”) and to receive certain other benefits under the Plan, and in consideration of the mutual agreements and other matters set forth herein and in the Plan, the Company and Employee hereby agree as follows: A. Stock Option Award. 1. Grant of Option. The Co

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