Exhibit 10.10
For Grants on and after 10-6-2015

VECTRUS, INC.
2014 OMNIBUS INCENTIVE PLAN

NON-QUALIFIED STOCK OPTION AWARD AGREEMENT

THIS AGREEMENT (the “Agreement”), effective as of the [Effective_Date], by and
between Vectrus, Inc. (the “Company”) and [Grantee_Name] (the “Optionee”),
WITNESSETH:

WHEREAS, the Optionee is now employed by the Company or an Affiliate (as defined
in the Company’s 2014 Omnibus Incentive Plan, as amended and restated, (the
“Plan”)) as an employee, and in recognition of the Optionee’s valued services,
the Company, through the Compensation and Personnel Committee of its Board of
Directors (the “Committee”), desires to provide an opportunity for the Optionee
to acquire or enlarge stock ownership in the Company, pursuant to the provisions
of the Plan.

NOW, THEREFORE, in consideration of the terms and conditions set forth in this
Agreement and the provisions of the Plan, a copy of which is attached hereto and
incorporated herein as part of this Agreement, and any administrative rules and
regulations related to the Plan as may be adopted by the Committee, the parties
hereto hereby agree as follows:

1.
Grant of Options. In accordance with, and subject to, the terms and conditions
of the Plan and this Agreement, the Company hereby confirms the grant on
[Grant_Date] (the “Grant Date”) to the Optionee of the option to purchase from
the Company all or any part of an aggregate of [# of_Options_Granted] Shares
(the “Option”), at the purchase price of [Option_Price] per Share (the “Option
Price” or “Exercise Price”). The Option shall be a Nonqualified Stock Option.

2.
Terms and Conditions. It is understood and agreed that the Option is subject to
the following terms and conditions:

(a)
Expiration Date. The Option shall expire on [Expiration_Date], or, if the
Optionee’s employment terminates before that date, on the date specified in
subsection (f) below.

(b)
Exercise of Option. The Option may not be exercised until it has become vested.

(c)
Vesting. Subject to subsections 2(a) and 2(f), the Option shall vest in three
installments as follows:

(i)
1/3 of the Option shall vest on [First_Vesting_Date],

(ii)
1/3 of the Option shall vest on [Second_Vesting_Date], and

(iii)
1/3 of the Option shall vest on [Third_Vesting_Date].

(d)
Payment of Exercise Price. Permissible methods for payment of the Exercise Price
upon exercise of the Option are described in Section 6.6 of the Plan, or, if the
Plan is amended, successor provisions. In addition to the methods of exercise
permitted by Section 6.6 of the Plan, the Optionee may exercise all or part of
the Option by way of (i) broker-assisted cashless exercise in a manner
consistent with the Federal Reserve Board's Regulation T, unless the Committee
determines that such exercise method is prohibited by law, or (ii)
net-settlement, whereby the Optionee directs the Company to withhold Shares that
otherwise would be issued

--------------------------------------------------------------------------------

upon exercise of the Option having an aggregate Fair Market Value on the date of
the exercise equal to the Exercise Price, or the portion thereof being exercised
by way of net-settlement (rounding up to the nearest whole Share).

(e)
Tax Withholding. The Company shall have the power and the right to deduct or
withhold, or require the Optionee to remit to the Company, all applicable
federal, state, and local taxes, domestic or foreign, required by law or
regulation to be withheld with respect to the exercise of the Option. The
Optionee may elect to satisfy the withholding requirement, in whole or in part,
by having the Company withhold Shares that otherwise would be issued upon
exercise of the Option, with the number of Shares withheld having a Fair Market
Value on the date the tax is to be determined equal to the minimum statutory
total tax that could be imposed on the transaction (rounding up to the nearest
whole Share). Any such election shall be subject to any restrictions or
limitations that the Committee, in its sole discretion, deems appropriate.

(f)
Effect of Termination of Employment.

If the Optionee’s employment terminates before [Expiration Date], the Option
shall expire on the date set forth below, as applicable:

(i)    Termination due to Death. If the Optionee’s employment is terminated as a
result of the Optionee’s death, the Option shall expire on the earlier of
[Expiration_Date], or the date three years after the termination of the
Optionee’s employment due to death. If all or any portion of the Option is not
vested at the time of the Optionee's termination of employment due to death, the
Option shall immediately become 100% vested.

(ii)
Termination due to Disability. If the Optionee’s employment is terminated as a
result of the Optionee’s Disability (as defined below), the Option shall expire
on the earlier of [Expiration_Date], or the date five years after the
termination of the Optionee’s employment due to Disability. If all or any
portion of the Option is not vested at the time of the termination of the
Optionee's employment due to Disability, the Option shall immediately become
100% vested.

(iii)
Termination due to Retirement. If the Optionee's employment is terminated as a
result of the Optionee's Retirement (as defined below), the Option shall expire
on the earlier of [Expiration_Date], or the date five years after the
termination of the Optionee's employment due to Retirement. If all or any
portion of the Option is not vested at the time of the Optionee's termination of
employment due to Retirement, a prorated portion of the unvested portion of the
Option shall vest pursuant to the paragraph entitled "Prorated or Other Vesting
Upon Retirement" below, and any remaining unvested portion of the Option shall
expire unless the Optionee agrees to the conditions for continued vesting after
Retirement (set forth in the second paragraph of the section entitled “Prorated
or Other Vesting Upon Retirement”). For the avoidance of doubt, the

Optionee shall not be considered employed during any period in which the
Optionee is receiving severance payments.

(iv)
Cause. If the Optionee’s employment is terminated by the Company (or an
Affiliate, as the case may be) for Cause (as defined below), the vested and
unvested portions of the Option shall expire on the date of the termination of
the Optionee’s employment. For purposes of this Agreement, the term “Cause”
shall mean the Optionee’s (a) misconduct, (b) violation of Company policies,
rules or Code of Conduct or any other terms or conditions relating to the
Optionee’s employment or any agreement with the Optionee or (c) any other
conduct of the Optionee that the Committee in its sole discretion determines
constitutes Cause for purposes of this Agreement.

--------------------------------------------------------------------------------

(v)
Voluntary Termination or Other Termination by the Company. If the Optionee’s
employment is terminated by the Optionee or terminated by the Company (or an
Affiliate, as the case may be) for other than Cause, and not because of the
Optionee’s Retirement, Disability or Death, the vested portion of the Option
shall expire on the earlier of [Expiration_Date], or the date three months after
the termination of the Optionee’s employment. Any portion of the Option that is
not vested (or the entire Option, if no part was vested) as of the date the
Optionee’s employment terminates shall expire immediately on the date of
termination of employment, and such unvested portion of the Option (the entire
Option, if no portion was vested on the date of termination) shall not
thereafter be exercisable. For the avoidance of doubt, the Optionee shall not be
considered employed during any period in which the Optionee is receiving
severance payments.

(vi)
Acceleration Event. Notwithstanding anything in this Agreement to the contrary,
to the extent outstanding and unvested, the Option shall immediately become 100%
vested if, on the date of, or within twenty-four months following, an
Acceleration Event, the Optionee’s employment is terminated by the Company (or
an Affiliate or any successor, as the case may be), without Cause (as defined
above) or by the Optionee for Good Reason (as defined below).

Retirement. For purposes of this Agreement, the term “Retirement” shall mean the
termination of the Optionee’s employment if, at the time of such termination
(or, if the Grantee receives severance in the form of salary continuation, as of
the last day of such salary continuation period), the Optionee is at least age
60 with at least 5 years of service. For this purpose, “years of service” means
service as an Employee of the Company or of the Predecessor Corporation. For the
avoidance of doubt, (i) the Optionee shall not be considered employed during any
period in which the Optionee is receiving severance payments, (ii) termination
of the Optionee’s employment (a) by the Company or an Affiliate for Cause or (b)
due to the Optionee’s death or Disability shall not constitute Retirement,
regardless of the Optionee’s age and years of service, (iii) termination of the
Optionee’s employment by the Company or an Affiliate for other than Cause before
an Acceleration Event shall constitute a termination due to Retirement if, on
the date of termination, the Optionee is at least age 60 with at least 5 years
of service, and (iv) if the Optionee’s employment is terminated as described in
subsection 2(f)(vi) and on the date of termination the Optionee is at least age
60 with at least 5 years of service, the Option shall vest pursuant to
subsection 2(f)(vi) and, pursuant to subsection 2(f)(iii), shall expire on the
earlier of [Expiration_Date], or the date five years after the termination of
the Optionee’s employment.

Disability. For purposes of this Agreement, the term “Disability” shall mean the
complete and permanent inability of the Optionee to perform all of his or her
duties under the terms of his or her employment, as determined by the Company
upon the basis of such evidence, including independent medical reports and data,
as the Company deems appropriate or necessary.

Good Reason. For purposes of this Agreement, the term “Good Reason” shall mean,
without the Optionee’s express written consent and excluding for this purpose
any action which is remedied by the Company (or an Affiliate or any successor,
as the case may be) within thirty (30) days after receipt of notice thereof
given by the Optionee, (i) a reduction in the Optionee’s annual base
compensation (whether or not deferred); (ii) the assignment to the Optionee of
any duties inconsistent in any material respect with the Optionee’s position
(including status, offices, titles and reporting requirements), authority,
duties or responsibilities; (iii) any other action by the Company (or an
Affiliate or any successor, as the case may be) which results in a material
diminution in such position, authority, duties or responsibilities; or (iv) the
Company’s (or an Affiliate or any successor, as the case may be) requiring the
Optionee’s work location to be other than

--------------------------------------------------------------------------------

within thirty-five (35) miles of the location where such Optionee was
principally working immediately prior to the Acceleration Event; provided that
“Good Reason” shall cease to exist for an event on the 90th day following the
later of its occurrence or the Optionee’s knowledge thereof, unless the Optionee
has given the Company (or an Affiliate or any successor, as the case may be)
notice thereof prior to such date, and the date of the Optionee’s termination of
employment for Good Reason must occur, if at all, within one hundred and eighty
(180) days following the later of the occurrence of the Good Reason event or the
Optionee’s knowledge thereof.

Prorated or Other Vesting Upon Retirement. Unless the Optionee agrees to the
conditions for continued vesting after Retirement (set forth in the following
paragraph, the prorated portion of an Option that vests due to the termination
of the Optionee's employment due to the Optionee's Retirement shall be
determined by (i) multiplying the total number of Shares subject to the Option
by a fraction, the numerator of which is the number of full months the Optionee
has been continually employed since the Grant Date, and the denominator of which
is 36, and (ii) reducing the product thereof by the number of Shares with
respect to which the Option had already become vested as of the date of the
termination of the Optionee’s employment. For this purpose, full months of
employment shall be based on monthly anniversaries of the Grant Date, not
calendar months. For the avoidance of doubt, continuous employment of an
Optionee by the Company or an Affiliate for purposes of vesting in the Option
granted hereunder shall include continuous employment with the Company for so
long as the Optionee continues working at such entity. The portion of the Option
with respect to which the Optionee is entitled to vest pursuant to this
paragraph shall vest (i) on the first vesting date set forth in Section 2(c)
next following the date the Optionee’s employment terminates, up to (but not
exceeding) the portion of the Option that is eligible to vest on that vesting
date pursuant to Section 2(c), and (ii) to the extent the portion of the Option
that vests pursuant to this paragraph exceeds the portion of the Option eligible
to vest on that vesting date pursuant to Section 2(c), such excess portion of
the Option shall vest on the subsequent vesting date(s). For example, assuming
an Option to purchase 120 Shares granted on March 4, 2015, with 1/3 vesting on
the first three anniversaries of the grant date, and a termination due to
Retirement (without an executed covenant described below) on June 8, 2016, the
Option would vest with respect to 40 Shares on March 4, 2016, and 10 Shares on
March 4, 2017.

Alternatively, and as additional consideration for the covenant set forth on
Appendix B, in the event that (i) the Optionee’s employment terminates due to
the Optionee’s Retirement, and (ii) the Optionee timely executes the additional
restrictive covenant agreement set forth in Appendix B, then the Option shall
not vest on a prorated basis pursuant to the preceding paragraph and, instead,
on each date that the Option would otherwise have become vested under the
original terms of the Option, that portion of the Option will be deemed to be
vested; provided that the Optionee has not at any time since the date of
Optionee’s Retirement violated the terms of any restrictive covenant set forth
in Appendix A or B (regardless of any Restricted Period set forth therein). If
the Optionee does violate such restrictive covenant at any time prior to the
date that the Option would otherwise have vested under its original grant terms,
such Option will terminate and expire in all respects, without further action by
the Company and the Optionee hereby agrees that the Company shall have all of
the remedies and rights set forth in subsection 2(i) below.

(g)
Compliance with Laws and Regulations. The Option shall not be exercised at any
time when its exercise or the delivery of Shares hereunder would be in violation
of any law, rule, or regulation that the Company may find to be valid and
applicable.

(h)
Optionee Bound by Plan and Rules. The Optionee hereby acknowledges receipt of a
copy of the Plan and this Agreement and agrees to be bound by the terms and
provisions thereof as amended from time to time. The Optionee agrees to be bound
by any rules and regulations for administering the Plan as may be adopted by the
Committee

--------------------------------------------------------------------------------

during the life of the Option. Terms used herein and not otherwise defined shall
be as defined in the Plan.

(i)
Restrictive Covenant Violation. Optionee acknowledges and recognizes the highly
competitive nature of the businesses of the Company and its Affiliates and
accordingly agrees to the provisions of Appendix A and, if applicable, Appendix
B to this Agreement. If the Optionee breaches such restrictions in Appendix A or
Appendix B to this Agreement, the Optionee hereby agrees that, in addition to
any other remedy available to the Company in respect of such activity or breach,
the Optionee’s Option will be forfeited and, if the Optionee has disposed of all
or any portion of such Option prior to the date of such forfeiture, then, in
respect of all or any portion of such Option, the Optionee shall repay to the
Company an amount equal to the aggregate after-tax proceeds (taking into account
all amounts of tax that would be recoverable upon a claim of loss for payment of
such proceeds in the year of repayment) the Optionee received upon the sale or
other disposition of, or distributions in respect of, the Optionee’s Option.

(j)
Governing Law. This Agreement is issued, and the Option evidenced hereby is
granted, in Colorado Springs, Colorado, and shall be governed and construed in
accordance with the laws of the State of New York, excluding any conflicts or
choice of law rule or principle that might otherwise refer construction or
interpretation of this Agreement to the substantive law of another jurisdiction.

--------------------------------------------------------------------------------

The Optionee acknowledges that the Option awarded pursuant to this Agreement
must be exercised, if at all, prior to its expiration as set forth herein, that
it is the Optionee's responsibility to exercise the Option within such time
period, and that the Company has no further responsibility to notify the
Optionee of the expiration of the exercise period of the Option.

IN WITNESS WHEREOF, the Company has caused this instrument to be executed by its
Chief Executive Officer and President, or a Vice President, as of the
[Execution_Date].

Agreed to:
 
 
 
VECTRUS, INC.
 
 
 
 
 
 
 
 
 
 
 
Optionee
 
 
 
Kenneth W. Hunzeker
(Online acceptance constitutes agreement)
 
 
 
 
 
 
 
 
 
 
 
Dated:
 
 
Dated:
[Signature_Date]
 
 
 
 
 
 
 
Enclosures
 
 
 
 
 
 
 
 
 
 
 
 
 

--------------------------------------------------------------------------------

Appendix A

Restrictive Covenants

1.
Non-Solicit.

(a)Optionee acknowledges and recognizes the highly competitive nature of the
businesses of the Company and its affiliates and accordingly agrees as follows:

(i)Optionee will not, within twelve months following the termination of his or
her employment with the Company for any reason (the “Post-Termination Period”)
or during Optionee’s employment (collectively with the Post-Termination Period,
the “Restricted Period”), influence or attempt to influence customers of the
Company or its subsidiaries or any of its present or future subsidiaries or
affiliates, either directly or indirectly, to divert their business to any
individual, partnership, firm, corporation or other entity then in competition
with the business of the Company or any subsidiary or affiliate of the Company.

(ii)During the Restricted Period, Optionee will not, and will not directly or
indirectly, cause any other person to, initiate or respond to communications
with or from, any employee of the Company or its subsidiaries during the
twelve-month period prior to the termination of such employee’s employment with
the Company, for the purpose of soliciting such employee, or facilitating the
hiring of any such employee, to work for any other business, individual,
partnership, firm, corporation, or other entity; and

(b)It is expressly understood and agreed that although Optionee and the Company
consider the restrictions contained in this Appendix A to be reasonable, if a
final judicial determination is made by a court of competent jurisdiction, that
the time or territory or any other restriction contained in this Agreement is an
unenforceable restriction against Optionee, the provisions of this Agreement
shall not be rendered void but shall be deemed amended to apply as to such
maximum time and territory and to such maximum extent as such court may
judicially determine or indicate to be enforceable. Alternatively, if any court
of competent jurisdiction finds that any restriction contained in this Agreement
is unenforceable, and such restriction cannot be amended so as to make it
enforceable, such finding shall not affect the enforceability of any of the
other restrictions contained herein.

(c)The period of time during which the provisions of this Appendix A shall be in
effect shall be extended by the length of time during which Optionee is in
breach of the terms hereof as determined by any court of competent jurisdiction
on the Company’s application for injunctive relief.

2.
Survival.

(a) The provisions of this Appendix A shall survive the termination of
Optionee’s employment for any reason.

--------------------------------------------------------------------------------

Appendix B

Additional Restrictive Covenant Upon Retirement

Pursuant to the second paragraph under the heading “Prorated or Other Vesting
Upon Retirement” in Section 2(f) of the Non-Qualified Stock Option Award
Agreement to which this document is appended (the “Award Agreement”), the
following covenants shall apply to the Optionee if (i) the Optionee’s employment
terminates due to the Optionee’s Retirement, and (ii) the Optionee acknowledges
and agrees to the terms hereof by executing this document and returning it to
the Manager of Compensation & Equity no later than first to occur of (i) the
30th day following the date of the Optionee’s termination of employment (not
counting any period during which the Optionee is receiving any salary
continuation) and (ii) the day before the first vesting date upon which any
amounts would become vested pursuant to the second paragraph under the heading
“Prorated or Other Vesting Upon Retirement” in Section 2(f) of the Award
Agreement. If the Optionee does not timely execute this document, the Optionee
shall not be eligible for the additional vesting rights set forth in the second
paragraph under the heading “Prorated or Other Vesting Upon Retirement” in
Section 2(f) of the Award Agreement.

1.
Non-Competition.

(a)Optionee acknowledges and recognizes the highly competitive nature of the
businesses of the Company and its affiliates and accordingly agrees as follows:

(i)Optionee will not, within the period during which the Award remains unvested
following the termination of his or her employment with the Company for any
reason (the “Post-Termination Period”) or during Optionee’s employment
(collectively with the Post-Termination Period, the “Restricted Period”), accept
an employment or consulting relationship (or own or have any financial interest
in), directly or indirectly, with any entity engaged in the business of
providing Infrastructure Asset Management, Information Technology & Network
Communications Services, Logistics & Supply Chain Management Services within the
United States.

Notwithstanding anything to the contrary in this Agreement, Optionee may,
directly or indirectly own, solely as an investment, securities of any Person
which are publicly traded on a national or regional stock exchange or on the
over-the-counter market if Optionee (i) is not a controlling person of, or a
member of a group which controls, such person and (ii) does not, directly or
indirectly, own 5% or more of any class of securities of such Person.

(b)It is expressly understood and agreed that although Optionee and the Company
consider the restrictions contained in this Appendix B to be reasonable, if a
final judicial determination is made by a court of competent jurisdiction, that
the time or territory or any other restriction contained in this Agreement is an
unenforceable restriction against Optionee, the provisions of this Agreement
shall not be rendered void but shall be deemed amended to apply as to such
maximum time and territory and to such maximum extent as such court may
judicially determine or indicate to be enforceable. Alternatively, if any court
of competent jurisdiction finds that any restriction contained in this Agreement
is unenforceable, and such restriction cannot be amended so as to make it
enforceable, such finding shall not affect the enforceability of any of the
other restrictions contained herein.

(c)The period of time during which the provisions of this Appendix B shall be in
effect shall be extended by the length of time during which Optionee is in
breach of the terms
hereof as determined by any court of competent jurisdiction on the Company’s
application for injunctive relief.

2.
Survival.

(a) The provisions of this Appendix B shall survive the termination of
Optionee’s employment for any reason.

--------------------------------------------------------------------------------

* * * * * * * * * * * *

By signing the below, the Optionee hereby acknowledges, and agrees to be bound
by, the foregoing covenants set forth in this Appendix B.

 
 
 
 
 
 
 
 
Optionee
 
Optionee (Print)
 
 
 
 
 
 
Dated: