STOCK OPTION AGREEMENT
This Agreement is dated as of [Date] and is entered into by and between Westwood One, Inc. (“Westwood”
or “Company”) and [Name] (“Participant”). Reference is made to the Company’s 2010 Equity Compensation Plan
(the “Plan”). Pursuant to the Plan, the Company grants a Non-Qualified Stock Option or an Incentive Stock
Option (either, a “Stock Option” herein) to purchase shares of the Common Stock, $.01 par value per share, of
the Company (“Common Stock”) as set forth below. A summary is set forth in the attached Exhibit “A” which is
incorporated by this reference.
Notwithstanding anything herein to the contrary, the Stock Option awarded herein is subject to approval of the
Plan by the stockholders of the Company at or prior to the 2010 Annual Meeting of Stockholders of the Company
and in the event that such approval is not received, this Agreement shall be null and void ab initio and the Stock
Option awarded herein shall not be valid.
The parties agree to the following terms and conditions:
1. Definitions . Unless otherwise defined in this Agreement, terms used in this Agreement will have the meanings
as set forth in the Plan.
2. Grant of Stock Option . The Company grants to Participant a Stock Option of the type set forth in Exhibit “A”
to purchase all or part of [Number] shares of Common Stock at the price of $ per share subject to
the terms and conditions of the Plan. The number of shares subject to such Stock Option and the price per
share are subject to adjustment in certain events as provided in the Plan.
3. Term of Stock Option .
A. Unless otherwise terminated pursuant to this Agreement or the Plan, each Non-Qualified Stock Option
will expire as provided in Paragraph 6 hereof. However, expiration will not occur later than ten years from
the date of grant.
B. Each Incentive Stock Option will expire as provided in Paragraph 6 hereof, but not later than ten years
from the date of grant, or five years in the cas