Exhibit 10.1

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LONG-TERM INCENTIVE PLAN
RESTRICTED STOCK AWARD AGREEMENT

To:  _____________________               Date of Grant: 
_____________                   Number of Shares:  _____

 

 

Trammell Crow Company, a Delaware corporation (the “Corporation”), is pleased to
make a conditional grant to you of an aggregate of _______ shares (the
“Restricted Shares”) of the Corporation’s authorized common stock, par value
$0.01 per share (“Stock”).  This grant is conditioned upon your delivery to the
Corporation of a counterpart of this Restricted Stock Award Agreement (this
“Agreement”), duly executed by you, no later than [one month after Date of
Grant].  If you do not deliver an executed copy of this Agreement to the
Corporation on or prior to such date, the grant of the Restricted Shares will be
void, ab initio.  The Restricted Shares are granted under Section 7 of the
Trammell Crow Company Long-Term Incentive Plan, as amended, which was adopted
effective as of August 22, 1997 (the “Plan”), a copy of which is attached hereto
as Exhibit A, and which Plan is expressly incorporated herein and shall be
applicable for all purposes.  All terms of this Agreement are governed by the
Plan.  If any provision of this Agreement conflicts with the expressly
applicable terms of the Plan, the provisions of the Plan shall control and, if
necessary, the applicable provisions of this Agreement shall be deemed to be
amended to comply with the Plan.  Capitalized terms used in this Agreement shall
have the meanings given to them in the Plan unless otherwise defined in this
Agreement or unless the context requires otherwise.

This Agreement sets forth the terms of the agreement between you and the
Corporation with respect to the Restricted Shares.  By accepting this Agreement,
you agree to be bound by all of the terms hereof.

1.             Escrow of Restricted Shares.  The Corporation shall issue in your
name the Restricted Shares and retain the Restricted Shares for the
Corporation’s order during the restriction period.  You hereby agree that the
Corporation shall hold the Restricted Shares pursuant to the terms of this
Agreement until such time as such Restricted Shares are either delivered to you
or forfeited pursuant to the Plan or this Agreement.

 

2.             Ownership of Restricted Shares.  You are entitled to all the
rights of absolute ownership of the Restricted Shares, including the right to
vote those shares and to receive dividends thereon if, as, and when declared by
the Board of Directors of the Corporation, subject, however, to the terms,
conditions and restrictions described in the Plan and in this Agreement.

 

3.             Restrictions; Forfeiture.  The Restricted Shares are restricted
in that they may not be sold, transferred or otherwise alienated or hypothecated
until such restrictions are removed or expire as described in Paragraph 4 of
this Agreement.  The Restricted Shares are also subject to forfeiture as set
forth in the introductory paragraph of this Agreement and Section 10 of the Plan
if your employment with the Corporation is terminated (either by you or by the
Corporation), subject to the provisions set forth in Paragraph 4(b) of this
Agreement.

 

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4.             Expiration of Restrictions.

 

(a)           The restrictions on the Restricted Shares shall expire on the
dates and with respect to the number of such Restricted Shares indicated as
follows:

Restricted Shares
Held On and After

 

Number of Restricted Shares
as to Which Restrictions Shall Expire

 

 

 

___________, ______

 

____________ Restricted Shares

___________, ______

 

____________ additional Restricted Shares

___________, ______

 

____________ additional Restricted Shares

___________, ______

 

____________ additional Restricted Shares

 

The restrictions on the Restricted Shares will expire on those dates only if you
have been an Eligible Individual continuously since the Date of Grant through
such date of expiration of restrictions.

(b)           Notwithstanding the terms and provisions set forth in Paragraphs
9.2 and 10.1 of the Plan, if your employment relationship with the Corporation
and its subsidiaries is terminated after, but within one year from, the
occurrence of a Change in Control and such termination is by the Corporation and
is for any reason other than Cause, then the restriction period of the
Restricted Shares shall immediately be accelerated and the restrictions shall
expire.

 

5.             Incorporation of Plan.  The Restricted Shares are subject to the
Plan.  In the event of a difference between a mandatory provision of the Plan
and this Agreement, the Plan’s terms shall govern.  The following paragraphs and
sections of the Plan are hereby incorporated into this Agreement:  7.1(a),
7.1(c), 7.2, 7.3, 9.1, 9.2 (subject to the provisions of Paragraph 4(b) of this
Agreement), 9.3, 10.1 (subject to the provisions of Paragraph 4(b) of this
Agreement), 10.3, 10.4, 10.5, 10.6, 10.9, 10.10, 10.11, 10.13, 10.14, 10.15,
10.18, 10.19, 10.20, 10.21, Section 11 and Section 12.

6.             Notice.  Notices will be given and deemed delivered in accordance
with Paragraph 12.14 of the Plan.  The Corporation, the Committee and the Holder
agree that any notices shall be given to the Corporation or the Holder at the
following addresses:

Corporation or

Committee:

 

Trammell Crow Company

2001 Ross Avenue, Suite 3400

Dallas, Texas 75201

Attn: Human Resources Department

 

 

 

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Holder:

At the Holder’s current address as shown in the

Corporation’s records.

 

 

7.             Acknowledgment.  By executing this Agreement in the appropriate
space below, you acknowledge that you have been provided a copy of the Plan, and
that your rights under and with respect to the Restricted Shares are and will
continue to be subject to all of the terms and provisions of the Plan and this
Agreement.

 

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IN WITNESS WHEREOF, the Corporation has caused this Agreement to be executed by
its duly authorized officer as of the Date of Grant.

 

 

TRAMMELL CROW COMPANY

 

 

 

 

 

By:

 

 

 

Name:

 

 

 

Title:

 

 

 

 

 

 

 

ACKNOWLEDGED AND AGREED:

 

 

 

 

 

 

 

[Name of Recipient]

 

 

 

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