Regent Communications, Inc. 2001 Directors’ Stock Option Plan
GRANT OF STOCK OPTION
Date of Grant: ______________________
THIS GRANT, dated as of the date of grant first stated above (the “Date of Grant”), is delivered by Regent
Communications, Inc., a Delaware corporation (“Regent”) to ___ (the “Grantee”), who is a member of the
Board of Directors of Regent (the “Board”).
WHEREAS, on May 17, 2001, the stockholders of Regent approved the adoption of the Regent
Communications, Inc. 2001 Directors’ Stock Option Plan (the “Plan”);
WHEREAS, the Plan provides for the automatic grant of Non-Qualified Stock Options (“NQSOs”) to the
Outside Directors of the Board (as defined in the Plan) to purchase shares of the Common Stock of Regent (the
“Stock”), in accordance with the terms and provisions thereof; and
WHEREAS, the Grantee is an Outside Director who is eligible for a grant of stock options under the Plan,
and it is in the best interest of Regent to grant the stock options documented herein.
NOW, THEREFORE, the parties hereto, intending to be legally bound hereby, agree as follows:
1. Grant of Option . Subject to the terms and conditions hereinafter set forth, Regent hereby grants to the
Grantee, as of the Date of Grant, an option to purchase up to ___ shares of Stock at a price of $___ per share,
which amount is not less than the fair market value of the Stock as of the Date of Grant. Such option is hereinafter
referred to as the “Option” and the shares of stock purchasable upon exercise of the Option are hereinafter
sometimes referred to as the “Option Shares.” All Options shall be Non-Qualified Stock Options.
2. Exercise . Subject to such further limitations as are provided herein, the Options granted hereunder shall
become exercisable six (6) months from the Date of Grant, the Grantee having the right hereunder to purchase
from Regent all or part of the Option Shares at any time thereafter until the expiration of the Options.