Stock Option Agreement between North American Galvanizing & Coatings, Inc. and Optionee

Summary

This agreement grants the optionee the right to purchase a specified number of shares of North American Galvanizing & Coatings, Inc. common stock at a set price. The agreement outlines whether the option is an incentive stock option, the exercise price, grant date, vesting schedule, and expiration date. It also details the effect of employment termination on the option. The optionee must exercise the options before the expiration date or they become void.

EX-10.2 3 exhibit10-2_13363.txt FORM OF STOCK OPTION AGREEMENT EXHIBIT 10.2 ------------ SCHEDULE A TO STOCK OPTION AGREEMENT BETWEEN NORTH AMERICAN GALVANIZING & COATINGS, INC. AND l. Number of shares of stock subject to Option: shares of common stock. 2. This Option (Check One) ( ) Is ( ) Is Not an Incentive Stock Option. 3. Option Exercise Price: per share. 4. Date of Grant: 5. Option Vesting Schedule: Check One: ( ) Options are exercisable with respect to all shares on or after the date hereof. (X) Options are exercisable with respect to the number of shares indicated below on or after the date indicated next to the number of shares: Number of Shares Vesting Date ---------------- ------------ 6. Option Exercise Period: All options expire and are void unless exercised on or before . 7. Effect of Termination of Employment of Optionee (if different from that set forth in Section 8 of the Stock Option Agreement): .