STOCK OPTION AGREEMENT
STOCK OPTION AGREEMENT made this (Grant Date), between Valmont Industries, Inc., a
Delaware corporation (“Corporation”), and (Employee Name), an employee of the Corporation (“Employee”).
The Corporation desires, by affording the Employee an opportunity to purchase its common shares as
hereinafter provided, to carry out the purpose of the Valmont 2002 Stock Plan (the “Plan”). This option is
expressly designated not to be an Incentive Stock Option as defined in I.R.C. § 422A.
NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth and for good and
valuable consideration, the parties hereto agree as follows:
1. Grant of Option. The Corporation hereby irrevocably grants to the Employee, pursuant
to and subject to the terms of the Plan, the right and option, hereinafter called the “Option,” to purchase all or any
part of an aggregate of (X,XXX) shares of common stock (the “Common Shares”) of the Corporation (such
number being subject to adjustment as provided in Paragraph 8 hereof) on the terms and conditions herein set
forth. The holder of the Option shall not have any of the rights of a stockholder with respect to the shares
covered by the Option until one or more certificates for such shares shall be delivered to such holder upon the
due exercise of the Option.
2. Purchase Price . The purchase price of the Common Shares covered by the Option shall
be ($XX.XX) per share. The purchase price of the shares as to which the Option shall be exercised shall be
paid in full in cash at the time of exercise or, at the discretion of the Corporation’s Compensation Committee of
the Board of Directors (the “Compensation Committee”), the purchase price may be paid in common stock of
the Employer already owned by the Employee valued at its fair market value on the date of exercise (if such
common stock has been own