CONNECTICUT WATER SERVICE, INC.
INCENTIVE STOCK OPTION
THIS AGREEMENT, made as of the grant date indicated in Section 3 below, and between Connecticut Water
Service, Inc. (the "Company"), and the undersigned individual (the "Optionee"), pursuant to the Connecticut
Water Service, Inc. Amended and Restated Performance Stock Program (the "Plan"). (Terms not defined herein
shall have the same meaning as in the Plan.)
WHEREAS, the Optionee is an eligible employee of the Company and the Company through the Plan's
Committee has approved the grant of Incentive Stock Options ("Options") under the Plan to the Optionee.
NOW, THEREFORE, in consideration of the terms and conditions of this Agreement and pursuant to the Plan,
the parties agree as follows:
1. GRANT OF OPTIONS. The Company hereby grants to the Optionee the right and option to purchase from
the Company, at the exercise price set forth in
Section 3 below, all or any part of the aggregate number of shares of common stock of the Company, as such
common shares are presently constituted (the "Stock"), set forth in said Section 3.
2. TERMS AND CONDITIONS. It is understood and agreed that the Option evidenced hereby is subject to
the provisions of the Plan (which are incorporated herein by reference) and the following terms and conditions:
a. EXPIRATION DATE. The Option evidenced hereby shall expire on the date specified in Section 3 below, or
at such earlier date as is provided in the Plan upon termination of Optionee's employment.
b. EXERCISE OF OPTION. The Option evidenced hereby shall be exercisable from time to time by submitting
an appropriate notice of exercise ten days prior to the date of exercise specifying the number of shares for which
the Option is being exercised, addressed to the Company at its principal place of business
(i) CASH ONLY EXERCISE - submitting the full cash purchase price of the exercised stock; or
(ii) CASHLESS EXERCISE - submitting appropriate authorization for the sale of