EXHIBIT 10 (xi)
NON-QUALIFIED STOCK OPTION AWARD AGREEMENT
PURSUANT TO THE CAMCO FINANCIAL CORPORATION
2002 EQUITY INCENTIVE PLAN
THIS AGREEMENT is made to be effective as of the Grant Date set forth below by and between Camco
Financial Corporation (the "Company") and the Participant set forth below, pursuant to the Camco Financial
Corporation 2002 Equity Incentive Plan (the "Plan").
In consideration of the mutual promises and agreements contained herein, the parties hereto make the following
agreement, intending to be legally bound thereby:
1. Grant of Option. The following terms used in this Agreement shall have the meanings set forth below:
(A) The "Participant" is ________________________.
(B) The "Grant Date" is ___________________, 200_.
(C) The "Covered Shares" are ___________ shares of common stock of the Company.
(D) The "Exercise Price Per Share" is $____________.
(E) The "Expiration Date" is ________________, 20__, subject to earlier termination as set forth in Section 2
(C) of this Agreement.
Other terms used in this Agreement are defined elsewhere in this Agreement or have the meaning ascribed to
them under the Plan.
2. Terms and Conditions of the Option.
(A) Option Grant. The Company hereby grants to the Participant an option to purchase the Covered Shares at
the Exercise Price and subject to the terms and conditions set forth in this Agreement and in the Plan.
(B) Exercise of the Option. The Option is exercisable in accordance with the following schedule:
The vesting of the Option may be accelerated in accordance with Article VIII of the Plan.
The Option may be exercised by giving written notice of exercise to the Company addressed to the President or
the Chief Financial Officer of the Company stating the number of shares as to which the Option is being
exercised. Such notice shall be accompanied by payment in full of the Exercise Price Per Share for the number of
covered shares as to which option is being exercised (i) in cash or by certified or cashier'