CAPITOL FEDERAL FINANCIAL, INC.
 
 

 
 
2012 EQUITY INCENTIVE PLAN
 

 
RESTRICTED STOCK AWARD AGREEMENT
 

RS No.
_______________                                                                Grant
Date: _______________

This Restricted Stock Award (“Restricted Stock Award”) is granted by Capitol
Federal Financial, Inc. (“Corporation”) to [Name] (“Grantee”) in accordance with
the terms of this Restricted Stock Award Agreement (“Agreement”) and subject to
the provisions of the Capitol Federal Financial, Inc. 2012 Equity Incentive
Plan, as amended from time to time (“Plan”).  The Plan is incorporated herein by
reference.

1.  
Restricted Stock Award.  The Corporation makes this Restricted Stock Award of
[Number] Shares to Grantee [in exchange for a payment of $________].  These
Shares are subject to forfeiture and to limits on transferability until they
vest, as provided in Sections 2, 3 and 4 of this Agreement and in Article VII of
the Plan.

 
2.  
Vesting Dates:  The Shares shall vest as follows:

 
Vesting Date                                                      Number of
Shares Vesting
 

       

3.  
Transferability.  The Grantee may not sell, assign, transfer, pledge or
otherwise encumber any Shares that have not vested, except in the event of the
Grantee’s death, by will or by the laws of descent and distribution or pursuant
to a Domestic Relations Order.  The Committee, in its sole and absolute
discretion, may allow the Grantee to transfer all or any portion of this
Restricted Stock Award to the Grantee’s Family Members, as provided in the Plan.

 
4.  
Termination of Service.  If the Grantee terminates Service for any reason other
than in connection with a Change in Control or the death or Disability of the
Grantee, any Shares that have not vested as of the date of that termination
shall be forfeited to the Corporation.  If the Grantee’s Service terminates on
account of the Grantee’s death or Disability, the Vesting Date for all Shares
that have not vested or been forfeited shall be accelerated to the date of that
termination of Service.

 
5.  
Effect of Change in Control.  Upon a Change in Control, the Vesting Date for all
Shares that have not vested or been forfeited shall be accelerated to the date
of the earliest event constituting a Change in Control.  [May be modified at
Committee’s election for 280G planning purposes for executive officers, or for
directors that hold 1% or more of the Corporation’s outstanding stock.]

 
6.  
Stock Power.  The Grantee agrees to execute a stock power with respect to each
stock certificate reflecting the Shares, or other evidence of book-entry stock
ownership, in favor of the Corporation.  The Shares shall not be issued by the
Corporation until the required stock powers are delivered to the Corporation.

 
7.  
Delivery of Shares.  The Corporation shall issue stock certificates or evidence
of the issuance of such Shares in book-entry form, in the name of the Grantee
reflecting the Shares vesting on each Vesting Date in Section 2.  The
Corporation shall retain these certificates or evidence of the issuance of
Shares in book-entry form until the Shares represented thereby become
vested.  Prior to vesting, the Shares shall be subject to the following
restriction, communicated in writing to the Corporation’s stock transfer agent:

 
These shares of common stock are subject to the terms of an Award Agreement
between Capitol Federal Financial, Inc. and [name] dated [grant date] made
pursuant to the terms of the Capitol Federal Financial, Inc. 2012 Equity
Incentive Plan, copies of which are on file at the executive offices of Capitol
Federal Financial, Inc., and may not be sold, encumbered, hypothecated or
otherwise transferred except in accordance with the terms of such Plan and Award
Agreement.
 
8.  
Grantee’s Rights.  As the owner of all Shares that have not vested, the Grantee
shall be paid dividends by the Corporation with respect to those Shares at the
same time as they are paid to other holders of the Corporation’s common
stock.  The Grantee may exercise all voting rights appurtenant to the
Shares.  [May be modified at Committee’s election, if desired.]

 
9.  
Delivery of Shares to Grantee.  Upon the vesting of any Shares, the restrictions
in Sections 3 and 4 shall terminate, and the Corporation shall deliver only to
the Grantee (or, if applicable, the Grantee’s Beneficiary, estate or Family
Member) a certificate (without the legend referenced in Section 7) or evidence
of the issuance of Shares in book-entry form, and the related stock power in
respect of the vesting Shares.  The Corporation’s obligation to deliver a stock
certificate for vested Shares, or evidence of the issuance of Shares in
book-entry form, can be conditioned upon the receipt of a representation of
investment intent from the Grantee (or the Grantee’s Beneficiary, estate or
Family Member) in such form as the Committee requires.  The Corporation shall
not be required to deliver stock certificates for vested Shares, or evidence of
the issuance of Shares in book-entry form, prior to: (a) the listing of those
Shares on the Nasdaq; or (b) the completion of any registration or qualification
of those Shares required under applicable law.

 
10.  
Adjustments in Shares.  In the event of any recapitalization, forward or reverse
stock split, reorganization, merger, consolidation, spin-off, combination,
exchange of Shares or other securities, stock dividend, special or recurring
dividend or distribution, liquidation, dissolution or other similar corporate
transaction or event, the Committee, in its sole discretion, shall adjust the
number of Shares or class of securities of the Corporation covered by this
Agreement.  Any additional Shares or other securities received by the Grantee as
a result of any such adjustment shall be subject to all restrictions and
requirements applicable to Shares that have not vested.  The Grantee agrees to
execute any documents required by the Committee in connection with an adjustment
under this Section 10.

 
11.  
Tax Election.  The Grantee understands that an election may be made under
Section 83(b) of the Code to accelerate the Grantee’s tax obligation with
respect to receipt of the Shares from the Vesting Dates to the Grant Date by
submitting an election to the Internal Revenue Service substantially in the form
attached hereto.

 
12.  
Tax Withholding.  The Corporation shall have the right to require the Grantee to
pay to the Corporation the amount of any tax that the Corporation is required to
withhold with respect to such Shares, or in lieu thereof, to retain or sell
without notice, a sufficient number of Shares to cover the minimum amount
required to be withheld.  The Corporation shall have the right to deduct from
all dividends paid with respect to the Shares the amount of any taxes that the
Corporation is required to withhold with respect to such dividend payments.

 
13.  
Plan and Committee Decisions are Controlling.  This Agreement and the award of
Shares to the Grantee are subject in all respects to the provisions of the Plan,
which are controlling.  Capitalized terms herein not defined in this Agreement
shall have the meaning ascribed to them in the Plan.  All decisions,
determinations and interpretations by the Committee respecting the Plan, this
Agreement or the award of Shares shall be binding and conclusive upon the
Grantee, any Beneficiary of the Grantee or the legal representative thereof.

 
14.  
Grantee’s Employment.  Nothing in this Agreement shall limit the right of the
Corporation or any of its Affiliates to terminate the Grantee’s service or
employment as a director, advisory director, director emeritus, officer or
employee, or otherwise impose upon the Corporation or any of its Affiliates any
obligation to employ or accept the services or employment of the Grantee.

 
15.  
Amendment.  The Committee may waive any conditions of or rights of the
Corporation or modify or amend the terms of this Agreement; provided, however,
that the Committee may not amend, alter, suspend, discontinue or terminate any
provision of this Agreement if such action may adversely affect the Grantee
without the Grantee’s written consent.  To the extent permitted by applicable
laws and regulations, the Committee shall have the authority, in its sole
discretion but with the permission of the Grantee, to accelerate the vesting of
the Shares or remove any other restrictions imposed on the Grantee with respect
to the Shares, whenever the Committee may determine that such action is
appropriate.

 
16.  
Grantee Acceptance.  The Grantee shall signify acceptance of the terms and
conditions of this Agreement and acknowledge receipt of a copy of the Plan by
signing in the space provided below and returning the signed copy to the
Corporation.

 

 
 

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
as of the date first above written.
 

 
CAPITOL FEDERAL FINANCIAL, INC.

By ________________________________
Its  ________________________________

 

 
ACCEPTED BY GRANTEE
 
___________________________________
(Signature)

___________________________________
(Print Name)

___________________________________
(Street Address)
 
___________________________________
(City, State & Zip Code)
 

Beneficiary Designation:

The Grantee designates the following Beneficiary to receive the Shares upon the
Grantee’s death:

__________________________________________________________________________

 
 

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STOCK POWER

(One stock power for each stock certificate or grant in book-entry form issued)

For value received, I hereby sell, assign, and transfer to Capitol Federal
Financial, Inc. (the “Corporation”) ____________ shares of the capital stock of
the Corporation, standing in my name on the books and records of the aforesaid
Corporation, represented by Certificate No. ____________________ or otherwise
identified in book-entry form as ___________________, and do hereby irrevocably
constitute and appoint the Secretary of the Corporation attorney, with full
power of substitution, to transfer this stock on the books and records of the
aforesaid Corporation.

________________________________

Dated:

________________________

In the presence of:

________________________

 
 

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 83(b) ELECTION FORM

TO:           Internal Revenue Service Center
[Address where the employee files his or her personal income tax return]

ELECTION UNDER SECTION 83(b)
OF THE INTERNAL REVENUE CODE OF 1986

Name:                                __________________________________________________________________
Address:                      __________________________________________________________________

 
Social Security Number ____ - __ - ____

Property with respect to which this Election is made: _______ shares of the
common stock of Capitol Federal Financial, Inc.

Date of Grant or Transfer: ____________, _____.

Taxable Year for which Election is made:  Calendar Year _____.

Nature of the Restrictions to which the Property is Subject:  (i) a vesting
schedule pursuant to which the taxpayer will not be fully vested in the property
until ___________.

Fair Market Value of the Property upon receipt by taxpayer $___________.

Amount Paid for the Property: ____________.

Copies of this Election have been furnished to ___________________________.

A copy of this Election also shall be attached to my IRS Form 1040 for calendar
year _____.

__________                                                      _____________________________________
Date                                                      Signature

 
 

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