Advanced Transparent and Mobile Systems. Our Advanced Transparent and Mobile Systems division designs, manufactures and sells highly engineered transparent armor, vehicle armoring systems and impact-resistant and other specialized glass. The majority of our revenues in this division are derived from sales to commercial market customers operating in the automotive, rail, marine and aviation industries. In the automotive industry, we supply transparent armor used in commercial and military armored vehicles, and we are a vertically integrated provider of armoring systems for cars, trucks and SUVs. For the rail, marine and aviation industries, our activities are focused on the production of impact-resistant and other specialized glass used to protect a range of high-value assets, such as high-speed trains, yachts and aircraft. Our specialized glass products are also used in solar panels for alternative energy applications and for architectural purposes

EX-10.4 10 l32449aexv10w4.htm EX-10.4 EX-10.4

Exhibit 10.4

FORM
[2004/2005] STOCK OPTION PLAN
STOCK OPTION AWARD AND AGREEMENT
QUALIFIED STOCK OPTION

You have been awarded a stock option under The O’Gara Group, Inc.’s [2004/2005] Stock Option Plan (“[2004/2005] Plan”). This award gives you an opportunity to share in the Company’s long-term growth through an option to buy shares of the Company’s common stock at a fixed price at some future date. Over time, assuming the Company’s stock price increases, this stock option can provide you with additional compensation. Please read and return this Agreement as requested below.

GRANT: The O’Gara Group, Inc. (“Company”) grants to you, the Optionee named below, a Qualified Stock Option (the “Option”) to purchase [ ] shares of the Company’s common stock (the “Shares”) as follows:


Optionee:	Shares:	Vest Date:	Exercise Price:	Grant Date:
[ ]	[ ]	[ ]	[ ]	[ ]

VESTING: The Shares granted pursuant to the Option will become fully vested on the date shown.

TERM: Except as otherwise provided in the [2004/2005] Plan, and except that unvested options terminate immediately upon termination of employment with or to the Company, the Option terminates on the earlier of (i) ten years less one day from the Grant Date; or (ii) three months from the date of termination of your employment with or to the Company for any reason other than Cause (as defined in the [2004/2005] Plan) disability or death; or (iii) immediately upon termination for Cause; or (iv) twelve months from the date of termination of your with or to the Company by reason of disability or death.

EXERCISE: The Option may be exercised in whole or in part for the number of Shares specified in a written notice that is delivered to the Company and is accompanied by full payment in cash or other shares of the Company’s common stock owned by you. You will have no rights in the Shares purchased until certificates for those Shares have been issued in your name and delivered.

TAXES: You must pay all applicable taxes, including federal, state and local, including withholding taxes, if any, resulting from the exercise of the option and the subsequent sale of the Shares.

CONDITIONS: The Option is governed by the terms of this Agreement and the [2004/2005] Plan. The rights and obligations of each of the Company and you under this Agreement also are governed by and subject to applicable federal, state and locals laws and rules. Neither the Company nor you shall violate any such laws or rules.

TRANSFER: This Option is not transferable by you other than by will or the laws of descendent and distribution and is exercisable, during your lifetime, only by you or your legal representative or guardian.

ACKNOWLEDGEMENT: Your signature on this Agreement also constitutes your acknowledgement that you have received a copy of the [2004/2005] Plan.

ACCEPTANCE: To accept this award, please sign and return one copy immediately. Without your signature, this Agreement is not valid.


	THE O’GARA GROUP, INC.
	By:

OPTIONEE

Optionee Signature

Printed Name

Home Address

Social Security Number

Date Accepted