Forms of option agreements
awards and replenishment options
issued under the
T. Rowe Price Group, Inc.
2001 and 2004
Stock Incentive Plans
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T. ROWE PRICE GROUP, INC.
 STOCK INCENTIVE PLAN
STATEMENT OF ADDITIONAL TERMS AND CONDITIONS
REGARDING OPTION GRANTS (INCENTIVE STOCK OPTIONS)
This Statement of Additional Terms and Conditions Regarding Option Grants (the “ Terms ”) shall be
delivered with the “Notice of Grant of Stock Options and Option Agreement” (the “ Award Notice ”) which
shall detail the specifics of the applicable option award (the “ Option ”). Upon execution of the Award Notice by
the recipient and by an authorized officer or agent of T. Rowe Price Group, Inc. (the “ Company ”), there shall
be created a binding and enforceable contract (the “ Agreement ”) respecting the options subject to the terms
and conditions of the Grant Notice and the Terms.
1. Grant of Option . Subject to the Terms, the Company has granted to the person identified in the Award
Notice attached hereto (the “ Optionee ”) commencing on the Issuance Date set forth in the Award Notice and
ending on the Expiration Date of the option set forth in the Award Notice (the “ Option Period ”), the option to
purchase from the Company at the option price set forth in the Award Notice (the “ Option Price ”) up to, but
not exceeding in the aggregate, the number of shares of the Company’s Common Stock set forth under the
caption “Shares” in the Award Notice.
2. Exercise of Option .
(a) The shares of stock subject to this Option shall become exercisable in installments set forth in the
(b) The Executive Compensation Committee of the Board of Directors of the Company (the “ Committee
”) may in its discretion place limitations on the extent to which shares of Common Stock of the Company may be
tendered by the Optionee as payment upon exercise of the Option pursuant to paragr