Pep Boys 2009 Annual Report Download - page 50

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A - 6
forth in clauses (i) or (ii) above. In addition to such immediate termination of Options, the Optionee shall forfeit all
Shares for any exercised portion of the Option for which the Company has not yet delivered the share certificates to
the Optionee, upon refund by the Company of any option price paid by the Optionee.
(vi) Immediately, without the requirement of any notice, upon the occurrence of an act by an
Optionee who is a Non-management Director which act is, with respect to the Company or an Affiliate, a fraud,
intentional misrepresentation, embezzlement, misappropriation or conversion of the Company's or an Affiliate's
assets or opportunities.
(f) Transfers. Generally, an Option granted under the Plan shall not be transferable, except by will or
by the laws of descent and distribution, and may be exercised, during the lifetime of an Optionee, only by the
Optionee or, in the event of his or her incompetence, by the Optionee's legal representative; provided, however, that
the Committee may, in its sole discretion, at the time of grant or at any time thereafter, allow for the transfer of
Options that are not ISOs to other persons or entities, subject to such conditions or limitations as the Committee may
establish. No Option granted under the Plan shall be subject to execution, attachment or other process.
(g) Other Provisions. The Option Documents may contain such other provisions including, without
limitation, provisions authorizing the Committee to accelerate the exercisability of all or any portion of an Option
granted pursuant to the Plan, additional restrictions upon the exercise of the Option or additional limitations upon the
term of the Option, as the Committee shall deem advisable.
(h) Amendment. The Committee shall have the right to amend Option Documents issued to an
Optionee subject to his consent, except as limited by Section 13 of the Plan, and except that the consent of the
Optionee shall not be required for any amendment made under Section 11 of the Plan.