This excerpt taken from the FL 10-K filed Mar 27, 2006.
NONSTATUTORY STOCK OPTION AWARD AGREEMENT
Stock Option Grant
Effective (the Date of Grant), pursuant to action taken by the Compensation and Management Resources Committee [or the Stock Option Plan Sub-Committee] of the Board of Directors of Foot Locker, Inc. (the Company), a New York corporation, the Company hereby grants to you a Nonstatutory Option (the Option) under the Foot Locker Stock Option and Award Plan (the Plan), to purchase, in accordance with the terms of the Plan, up to, but not more than, that number of full shares of common stoc (Common Stock) set forth below at the purchase price per share of US $ (the Exercise Price), which is 100 percent of the Fair Market Value (as defined in the Plan) of a share of Common Stock on .
The Option has been granted to you for a period expiring on unless, prior to that time, the Option is exercised in full, is cancelled, or expires due to your death, retirement or other termination of employment, as provided in the Plan. Except as otherwise provided in the Plan, the Option will become exercisable in annual installments over a three-year vesting period according to the vesting schedule set forth below.
The Option is subject to the terms of the Plan, the Prospectus covering the Plan dated , any subsequently issued Prospectus or Appendix covering the Plan, and the terms and conditions set forth above. All of these documents are incorporated herein by this reference and made a part of the Option.
Non-Competition [Optional provision, as determined by the Compensation and Management
Resources Committee or the Stock Option Plan Sub-Committee]