EXHIBIT 10.69
NON-QUALIFIED STOCK OPTION AGREEMENT
THIS AGREEMENT, dated ____________, 19__, is made by and between Libbey, Inc., a Delaware
corporation hereinafter referred to as "Company," and _________________________, an employee or
consultant of the Company or a Subsidiary of the Company, hereinafter referred to as "Optionee":
WHEREAS, the Company wishes to afford the Optionee the opportunity to purchase shares of its $0.01 par
value Common Stock; and
WHEREAS, the Company wishes to carry out the Plan (the terms of which are hereby incorporated by reference
and made a part of this Agreement); and
WHEREAS, the Committee, appointed to administer the Plan, has determined that it would be to the advantage
and best interest of the Company and its shareholders to grant the Non-Qualified Option provided for herein to
the Optionee as an inducement to enter into or remain in the service of the Company or its Subsidiaries and as an
incentive for increased efforts during such service, and has advised the Company thereof and instructed the
undersigned officers to issue said Option;
NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable
consideration, receipt of which is hereby acknowledged, the parties hereto do hereby agree as follows:
ARTICLE I.
DEFINITIONS
Whenever the following terms are used in this Agreement, they shall have the meaning specified below unless the
context clearly indicates to the contrary. The masculine pronoun shall include the feminine and neuter, and the
singular the plural, where the context so indicates. All capitalized terms used herein without definition shall have
the meanings ascribed to such terms in the Plan.
Section 1.1. - Board
"Board" shall mean the Board of Directors of the Company.
Section 1.2. - Change in Control
(a) any Person (as defined below) is or becomes the Beneficial Owner (as defined below), directly or indirectly,
of securities of the Company representing twenty percent (20%) or more of t