STOCK OPTION GRANT
(Qualified Incentive Stock Option)
THIS STOCK OPTION GRANT is made as of the 31 day of December, 2008, by XETA
TECHNOLOGIES, INC. , an Oklahoma corporation (the “ Company ”), to (the “
A. At a meeting of the Compensation Committee of the Company’s Board of Directors (“
Compensation Committee ”) held on December 18, 2008, the Compensation Committee authorized the grant
on that date (the “ Grant Date ”) of certain qualified incentive stock options under the terms of the XETA
Technologies 2000 Stock Option Plan (the “ Plan ”), which governs the grant of such stock options to salaried
employees of the Company, who are expected by the Compensation Committee to contribute, significantly and
materially, to the present and future performance of the Company and are, therefore, determined by the
Compensation Committee to constitute key employees of the Company (“ Key Employees ”).
B. The Compensation Committee has determined that the Grantee is such a Key Employee and
has authorized the grant to Grantee of options to acquire shares of the Company’s $0.001 par
value common stock on the terms hereinafter set forth.
C. Capitalized terms used and not otherwise defined herein have the meanings assigned to them in
NOW, THEREFORE, it is hereby agreed as follows:
1. Grant of Option . As of the Grant Date, the Company grants to the Grantee a qualified
incentive stock option (the “ Option ”) to purchase shares of the Company’s shares of $0.001
par value common stock (the “ Option Shares ”), subject to the terms and conditions set forth herein.
2. Option Exercise Price . The price per share payable for the Option Shares is __DOCTEXT__nbsp; per