Exhibit 10.2

[Series     ]

LIBERTY GLOBAL, INC.

2005 NONEMPLOYEE DIRECTOR INCENTIVE PLAN

RESTRICTED SHARE UNITS AGREEMENT

THIS RESTRICTED SHARE UNITS AGREEMENT (“Agreement”) is made as of             ,
20     (the “Effective Date”), by and between LIBERTY GLOBAL, INC., a Delaware
corporation (the “Company”), and the individual whose name, address, and
director number appear on the signature page hereto (the “Grantee”).

The Company has adopted the Liberty Global, Inc. 2005 Nonemployee Director
Incentive Plan, as amended and restated (the “Plan”), which by this reference is
made a part hereof, for the benefit of eligible Nonemployee Directors of the
Company. Capitalized terms used and not otherwise defined herein will have the
meaning given thereto in the Plan. [CLICK HERE TO READ THE PLAN.]

Pursuant to the Plan, the Board has determined that it would be in the best
interest of the Company and its stockholders to award restricted share units to
Grantee, subject to the conditions and restrictions set forth herein and in the
Plan, in order to provide Grantee additional remuneration for services rendered
as a nonemployee director and to increase Grantee’s personal interest in the
success and progress of the Company.

The Company and Grantee therefore agree as follows:

1. Definitions. The following terms, when used in this Agreement, have the
following meanings:

“Annual Meeting Date” means the date on which the annual meeting of the
stockholders of the Company at which directors are elected in accordance with
Delaware law is held in any calendar year.

“Business Day” means any day other than Saturday, Sunday or a day on which
banking institutions in Denver, Colorado, are required or authorized to be
closed.

“Cause” has the meaning specified for “cause” in Section 10.2(b) of the Plan.

“Code” means the Internal Revenue Code of 1986, as it may be amended from time
to time.

“Company” has the meaning specified in the preamble to this Agreement.

“Effective Date” has the meaning specified in the preamble to this Agreement.

“Grantee” has the meaning specified in the preamble to this Agreement.

 

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“LBTY    ” means the Series      common stock, par value $.01 per share, of the
Company.

“Plan” has the meaning specified in the recitals to this Agreement.

“Required Withholding Amount” has the meaning specified in Section 14 of this
Agreement.

“Restricted Share Units” has the meaning specified in Section 2 of this
Agreement. Restricted Share Units represent an Award of Restricted Shares that
provides for the shares of Common Stock subject to the Award to be issued at or
following the end of the Restriction Period within the meaning of Article VIII
of the Plan.

“RSU Dividend Equivalents” means, to the extent specified by the Board only, an
amount equal to all dividends and other distributions (or the economic
equivalent thereof) which are payable to stockholders of record during the
Restriction Period on a like number and kind of shares of Common Stock as the
shares represented by the Restricted Share Units.

2. Grant of Restricted Share Units. Subject to the terms and conditions herein,
pursuant to the Plan, the Company grants to the Grantee effective as of the
Effective Date the number of restricted share units set forth on the signature
page hereto (the “Restricted Share Units”), each representing the right to
receive one share of LBTY     subject to the conditions and restrictions set
forth below and in the Plan.

3. Settlement of Restricted Share Units. Settlement of Restricted Share Units
that vest in accordance with Section 5 or 6 of this Agreement or Section 10.1(b)
of the Plan shall be made as soon as administratively practicable after vesting,
but in no event later than March 15 of the calendar year immediately following
the calendar year in which vesting occurs, in the form of shares of LBTY    ,
together with any related RSU Dividend Equivalents, in accordance with
Section 7.

4. Stockholder Rights; RSU Dividend Equivalents. The Grantee shall have no
rights of a stockholder with respect to any shares of LBTY     represented by
any Restricted Share Units unless and until such time as shares of LBTY    
represented by vested Restricted Share Units have been delivered to the Grantee
in accordance with Section 7. Grantee will have no right to receive, or
otherwise with respect to, any RSU Dividend Equivalents until such time, if
ever, as the Restricted Share Units to which such RSU Dividend Equivalents
relate shall have become vested and, if vesting does not occur, the related RSU
Dividend Equivalents will be forfeited. RSU Dividend Equivalents shall not bear
interest or be segregated in a separate account. Notwithstanding the foregoing,
the Board may, in its sole discretion, accelerate the vesting of any portion of
the RSU Dividend Equivalents (the “Vested RSU Dividend Equivalents”). The
settlement of any Vested RSU Dividend Equivalents shall be made as soon as
administratively practicable after the accelerated vesting date, but in no event
later than March 15 of the following calendar year.

5. Vesting. Unless the Board otherwise determines in its sole discretion,
subject to earlier vesting in accordance with Section 6 of this Agreement or
Section 10.1(b) of the Plan and subject to the last sentence of this Section 5,
the Restricted Share Units shall become vested, and

 

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the restrictions with respect thereto shall lapse, on the Annual Meeting Date
first following the Effective Date (such date being a Vesting Date within the
meaning of the Plan). On the Vesting Date, and the satisfaction of any other
applicable restrictions, terms and conditions, any RSU Dividend Equivalents with
respect to the Restricted Share Units that have not theretofore become Vested
RSU Dividend Equivalents (“Unpaid RSU Dividend Equivalents”) will become vested
to the extent that the related Restricted Share Units shall have become vested
in accordance with this Agreement. Notwithstanding the foregoing, Grantee will
not vest, pursuant to this Section 5, in Restricted Share Units as to which
Grantee would otherwise vest on the Vesting Date if Grantee’s service as a
Nonemployee Director terminates, or a breach of any applicable restrictions,
terms or conditions with respect to such Restricted Share Units has occurred, at
any time after the Effective Date and prior to the Vesting Date (the vesting or
forfeiture of such Restricted Share Units to be governed instead by Section 6).

6. Early Vesting or Forfeiture.

(a) Unless otherwise determined by the Board in its sole discretion:

 

  (i) If Grantee’s service as a Nonemployee Director terminates by reason of
Grantee’s death or Disability, the Restricted Share Units, to the extent not
theretofore vested, and any Unpaid RSU Dividend Equivalents with respect to the
Restricted Share Units, will immediately become fully vested.

 

  (ii) If Grantee’s service as a Nonemployee Director terminates prior to the
Vesting Date for any reason other than as specified in Section 6(a)(i) above,
then the Restricted Share Units, to the extent not theretofore vested, together
with any related Unpaid RSU Dividend Equivalents, will be forfeited immediately.

 

  (iii) If Grantee breaches any restrictions, terms or conditions provided in or
established by the Board pursuant to the Plan or this Agreement with respect to
the Restricted Share Units prior to the vesting thereof (including any attempted
or completed transfer of any such unvested Restricted Share Units contrary to
the terms of the Plan or this Agreement), the unvested Restricted Share Units,
together with any related Unpaid RSU Dividend Equivalents, will be forfeited
immediately.

(b) Upon forfeiture of any unvested Restricted Share Units and any related
Unpaid RSU Dividend Equivalents, such Restricted Share Units and any related
Unpaid RSU Dividend Equivalents will be immediately cancelled, and Grantee will
cease to have any rights with respect thereto.

7. Delivery by Company. As soon as practicable after the vesting of Restricted
Share Units and any related Unpaid RSU Dividend Equivalents pursuant to
Section 5 or 6 hereof or Section 10.1(b) of the Plan, and subject to the
withholding referred to in Section 13 of this Agreement, the Company will
deliver or cause to be delivered to or at the direction of Grantee (i)

 

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(a) a certificate or certificates issued in Grantee’s name for the shares of
LBTY     represented by such vested Restricted Share Units, (b) a statement of
holdings reflecting that the shares of LBTY     represented by such vested
Restricted Share Units are held for the benefit of Grantee in uncertificated
form by a third party service provider designated by the Company, or (c) a
confirmation of deposit of the shares of LBTY     represented by such vested
Restricted Share Units, in electronic form, into the broker’s account designated
by Grantee, (ii) any securities constituting any related vested Unpaid RSU
Dividend Equivalents by any applicable method specified in clause (i) above, and
(iii) any cash payment constituting related vested Unpaid RSU Dividend
Equivalents. Any delivery of securities will be deemed effected for all purposes
when (1) a certificate representing or statement of holdings reflecting such
securities and, in the case of Unpaid RSU Dividend Equivalents, any other
documents necessary to reflect ownership thereof by Grantee, has been delivered
personally to the Grantee or, if delivery is by mail, when the certificate or
statement of holdings and/or such other documents has been deposited in the
United States mail, addressed to the Grantee, or (2) confirmation of deposit
into the designated broker’s account of such securities, in written or
electronic format, is first made available to Grantee. Any cash payment will be
deemed effected when a check from the Company, payable to or at the direction of
the Grantee and in the amount equal to the amount of the cash payment, has been
delivered personally to or at the direction of the Grantee or deposited in the
United States mail, addressed to the Grantee or his or her nominee.

8. Nontransferability of Restricted Share Units Before Vesting.

(a) Before vesting and during Grantee’s lifetime, the Restricted Share Units and
any related Unpaid RSU Dividend Equivalents are not transferable (voluntarily or
involuntarily) other than pursuant to a Domestic Relations Order. In the event
of transfer pursuant to a Domestic Relations Order, the unvested Restricted
Share Units and any related Unpaid RSU Dividend Equivalents so transferred shall
be subject to all the restrictions, terms and provisions of this Agreement and
the Plan, and the transferee shall be bound by all applicable provisions of this
Agreement and the Plan in the same manner as Grantee.

(b) Grantee may designate a beneficiary or beneficiaries to whom the Restricted
Share Units, to the extent then vesting, and any related Unpaid RSU Dividend
Equivalents will pass upon the Grantee’s death and may change such designation
from time to time by filing a written designation of beneficiary or
beneficiaries with the Company on such form as may be prescribed by the Board,
provided that no such designation will be effective unless so filed prior to the
death of Grantee. If no such designation is made or if the designated
beneficiary does not survive Grantee’s death, the Restricted Share Units, to the
extent then vesting, and any related Unpaid RSU Dividend Equivalents will pass
by will or the laws of descent and distribution. Following Grantee’s death, the
person to whom such vested Restricted Share Units and any related Unpaid RSU
Dividend Equivalents pass according to the foregoing will be deemed the Grantee
for purposes of any applicable provisions of this Agreement. [CLICK HERE TO
ACCESS THE DESIGNATION OF BENEFICIARY FORM.]

9. Adjustments. The Restricted Share Units and any related Unpaid RSU Dividend
Equivalents will be subject to adjustment in the sole discretion of the Board
and in such manner as the Board may deem equitable and appropriate in connection
with the occurrence following the Effective Date of any of the events described
in Section 4.2 of the Plan; provided, however, that such adjustment shall be
made in a manner that complies with the requirements of Section 409A of the
Internal Revenue Code of 1986, as amended, and relevant authorities, to the
extent applicable.

 

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10. Company’s Rights. The existence of this Agreement will not affect in any way
the right or power of the Company or its stockholders to accomplish any
corporate act, including, without limitation, the acts referred to in
Section 10.15 of the Plan.

11. Limitation of Rights. Nothing in this Agreement or the Plan will be
construed to give Grantee or any other person any interest in any fund or in any
specified asset or assets of the Company or any of its Subsidiaries. Neither
Grantee nor any person claiming through Grantee will have any right or interest
in the shares of LBTY     represented by any Restricted Share Units or any
related Unpaid RSU Dividend Equivalents unless and until there shall have been
full compliance with all the terms, conditions and provisions of this Agreement
and the Plan which affect Grantee or such other person.

12. Restrictions Imposed by Law. Without limiting the generality of Section 10.7
of the Plan, the Company shall not be obligated to deliver any shares of
LBTY     represented by vested Restricted Share Units or securities constituting
any RSU Dividend Equivalents if counsel to the Company determines that the
issuance or delivery thereof would violate any applicable law or any rule or
regulation of any governmental authority or any rule or regulation of, or
agreement of the Company with, any securities exchange upon which shares of
LBTY     or such other securities are listed or quoted. The Company will in no
event be obligated to take any affirmative action in order to cause the delivery
of shares of LBTY     represented by vested Restricted Share Units or securities
constituting any RSU Dividend Equivalents to comply with any such law, rule,
regulation, or agreement. Any certificates representing any such securities
issued or delivered under this Agreement may bear such legend or legends as the
Company deems appropriate in order to assure compliance with applicable
securities laws.

13. Withholding. To the extent that the Company is subject to withholding tax
requirements under any national, state, local or other governmental law with
respect to the award of the Restricted Share Units to Grantee or the vesting
thereof, or the designation of any RSU Dividend Equivalents as payable or
distributable or the payment or distribution thereof, the Grantee must make
arrangement satisfactory to the Company to make payment to the Company of the
amount required to be withheld under such tax laws, as determined by the Company
(collectively, the “Required Withholding Amount”). To the extent such
withholding is required because the Grantee vests in some or all of the
Restricted Share Units, the Company shall withhold (i) from the shares of
LBTY     represented by vested Restricted Share Units and otherwise deliverable
to the Grantee a number of shares of LBTY     and/or (ii) from any related RSU
Dividend Equivalents otherwise deliverable to the Grantee an amount of such RSU
Dividend Equivalents, which collectively have a value (or, in the case of
securities withheld, a Fair Market Value), equal to the Required Withholding
Amount, unless Grantee remits the Required Withholding Amount to the Company in
cash in such form and by such time as the Company may require or other
provisions for withholding such amount satisfactory to the Company have been
made. Notwithstanding any other provisions of this Agreement, the issuance or
delivery of any shares of LBTY     represented by vested Restricted Share Units
and any related RSU Dividend Equivalents may be postponed until any required
withholding taxes have been paid to the Company.

 

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14. Notice. Unless the Company notifies the Grantee in writing of a different
procedure, any notice or other communication to the Company with respect to this
Agreement will be in writing and will be delivered personally or sent by United
States first class mail, postage prepaid, sent by overnight courier, freight
prepaid or sent by facsimile and addressed as follows:

Liberty Global, Inc.

12300 Liberty Boulevard

Englewood, CO 80112

Attn: General Counsel

Fax: 303-220-6691

Any notice or other communication to the Grantee with respect to this Agreement
will be in writing and will be delivered personally, or will be sent by United
States first class mail, postage prepaid, to the Grantee’s address as listed in
the records of the Company on the Effective Date, unless the Company has
received written notification from the Grantee of a change of address.

15. Amendment. Notwithstanding any other provision hereof, this Agreement may be
supplemented or amended from time to time as approved by the Board as
contemplated by the Plan. Without limiting the generality of the foregoing,
without the consent of the Grantee,

(a) this Agreement may be amended or supplemented from time to time as approved
by the Board (i) to cure any ambiguity or to correct or supplement any provision
herein which may be defective or inconsistent with any other provision herein,
or (ii) to add to the covenants and agreements of the Company for the benefit of
the Grantee or surrender any right or power reserved to or conferred upon the
Company in this Agreement, subject to any required approval of the Company’s
stockholders and, provided, in each case, that such changes will not adversely
affect the rights of Grantee with respect to the Award evidenced hereby, or
(iii) to reform the Award made hereunder as contemplated by Section 10.17 of the
Plan or to exempt the Award made hereunder from coverage under Section 409A, or
(iv) to make such other changes as the Company, upon advice of counsel,
determines are necessary or advisable because of the adoption or promulgation
of, or change in or of the interpretation of, any law or governmental rule or
regulation, including any applicable federal or state securities laws; and

(b) subject to any required action by the Board or the stockholders of the
Company, the Restricted Share Units granted under this Agreement may be canceled
by the Company and a new Award made in substitution therefor, provided that the
Award so substituted will satisfy all of the requirements of the Plan as of the
date such new Award is made and no such action will adversely affect any
Restricted Share Units that are then vested.

16. Status as Director. Nothing contained in this Agreement, and no action of
the Company or the Board with respect hereto, will confer or be construed to
confer on Grantee any right to continue as a director of the Company or
interfere in any way with the right of the Company or its shareholders to
terminate Grantee’s status as a director at any time, with or without cause.

17. Nonalienation of Benefits. Except as provided in Section 8 of this
Agreement, (i) no right or benefit under this Agreement will be subject to
anticipation, alienation, sale,

 

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assignment, hypothecation, pledge, exchange, transfer, encumbrance or charge,
and any attempt to anticipate, alienate, sell, assign, hypothecate, pledge,
exchange, transfer, encumber or charge the same will be void, and (ii) no right
or benefit hereunder will in any manner be liable for or subject to the debts,
contracts, liabilities or torts of the Grantee or other person entitled to such
benefits.

18. Governing Law. This Agreement will be governed by, and construed in
accordance with, the internal laws of the State of Colorado. Each party
irrevocably submits to the general jurisdiction of the state and federal courts
located in the State of Colorado in any action to interpret or enforce this
Agreement and irrevocably waives any objection to jurisdiction that such party
may have based on inconvenience of forum.

19. Construction. References in this Agreement to “this Agreement” and the words
“herein,” “hereof,” “hereunder” and similar terms include all Exhibits and
Schedules appended hereto. This Agreement is entered into, and the Award
evidenced hereby is granted, pursuant to the Plan and shall be governed by and
construed in accordance with the Plan and the administrative interpretations
adopted by the Board thereunder. The word “include” and all variations thereof
are used in an illustrative sense and not in a limiting sense. All decisions of
the Board upon questions regarding this Agreement will be conclusive. Unless
otherwise expressly stated herein, in the event of any inconsistency between the
terms of the Plan and this Agreement, the terms of the Plan will control. The
headings of the sections of this Agreement have been included for convenience of
reference only, are not to be considered a part hereof and will in no way modify
or restrict any of the terms or provisions hereof.

20. Duplicate Originals. The Company and the Grantee may sign any number of
copies of this Agreement. Each signed copy will be an original, but all of them
together represent the same agreement.

21. Rules by Board. The rights of the Grantee and the obligations of the Company
hereunder will be subject to such reasonable rules and regulations as the Board
may adopt from time to time.

22. Entire Agreement. This Agreement is in satisfaction of and in lieu of all
prior discussions and agreements, oral or written, between the Company and the
Grantee regarding the subject matter hereof. Grantee and the Company hereby
declare and represent that no promise or agreement not herein expressed has been
made and that this Agreement contains the entire agreement between the parties
hereto with respect to the Award and replaces and makes null and void any prior
agreements between Grantee and the Company regarding the Award. This Agreement
will be binding upon and inure to the benefit of the parties and their
respective heirs, successors and assigns.

23. Grantee Acceptance. Grantee will signify acceptance of the terms and
conditions of this Agreement by clicking “ACCEPT” below. Such action will be
equivalent to “signing” the Agreement. The Grantee should click “REJECT” or
“DECIDE LATER” if the Grantee does not want to accept this Agreement or wants to
make the decision at a later time. If the Grantee clicks “REJECT”, the grant of
the Restricted Share Units shall be null and void.

 

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Signature Block to Restricted Share Units Agreement

dated as of             , 20    , between Liberty Global, Inc. and Grantee

 

LIBERTY GLOBAL, INC. By:  

 

Name:   Elizabeth M. Markowski Title:   Senior Vice President

 

ACCEPTED:

/s/    [Grantee Name]

Grantee Name:  

 

Address:  

 

 

 

Director Number:  

 

Grant No.                    

Number of Restricted Share Units (LBTY    ) awarded:                    

 

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