exv10w49







EXHIBIT 10.49




MANHATTAN ASSOCIATES, INC.

FORM OF RESTRICTED STOCK AWARD AGREEMENT

FOR NON-EMPLOYEE DIRECTORS




	 	 	 
	Name of Director:

	 	Number of Shares:
	 
	 	 
	Award Date:

	 	Vesting Start Date:







	*—	 	If the information above is not completed, and this Agreement (as defined below) is being
executed and delivered via an online grant acceptance system (an “OLGA,” and an Agreement that
is executed and delivered via OLGA, an “OLGA Grant”), then the information appearing on the
OLGA grant summary screen with respect to the Award Shares (as defined below) covered by this
Agreement that corresponds to the information called for above is hereby incorporated by
reference into this Agreement and hereby made a part hereof.





          THIS AGREEMENT (the “Agreement”) is made and entered into as of the Award Date noted above (or
if not noted above, and this is an OLGA Grant, the Award Date set forth on the OLGA grant summary
screen with respect to these Award Shares), by and between Manhattan Associates, Inc., a Georgia
corporation (the “Company”), and the individual noted above (or if not noted above, and this is an
OLGA Grant, the individual accessing OLGA with respect to these Award Shares) (the “Director”).




W I T N E S S E T H:




          WHEREAS, the Company has adopted the Manhattan Associates, Inc. 2007 Stock Incentive Plan (the
“Plan”) for the purpose of securing and retaining the services of officers, directors, key
employees, and consultants of the Company, and providing incentives to those who are primarily
responsible for the operations of the Company to shape and carry out the long-range plans of the
Company and aiding in its continued growth and financial success; and




          WHEREAS, the Plan achieves such goals by providing the opportunity to receive compensation
which is based upon appreciation in the value of the shares of the common stock, par value $.01
(“Common Stock”), of the Company;




          WHEREAS, the Compensation Committee of the Board of Directors of the Company (the “Committee”)
has authorized the grant to Director of a restricted stock award for shares of the Common Stock
under the Plan, and the Company and Director wish to confirm herein the terms, conditions, and
restrictions of the restricted stock award;




          NOW, THEREFORE, in consideration of the premises, the mutual covenants contained herein, and
other good and valuable consideration, the parties hereto agree:




SECTION 1

AWARD OF SHARES




          1.1 Award of Shares. Subject to the terms, restrictions, limitations, and conditions stated
herein and in the Plan, the Company hereby awards to Director the number of shares of Common Stock
set forth at the beginning of this Agreement in the box labeled “Number of Shares” (or if not set
forth above, and this is an OLGA Grant, as set forth on the OLGA grant summary screen with respect
to these Award Shares) (the “Award Shares”) under the Plan.




          1.2 Vesting of Award Shares. Director shall become vested in the Award Shares as set forth in



 









 






Schedule I hereto, which is incorporated by reference herein and hereby made a part hereof.
References herein to
this Agreement shall be deemed to include Schedule I.




          For purposes of this Agreement, “Continuous Service” means a period of continuous performance
of services by Director for the Company, a parent, or a subsidiary, as determined by the Committee
or its designee in its sole and absolute discretion.




          Notwithstanding the preceding provisions, the Committee may, in its sole discretion,
accelerate the vesting of the Shares in whole or in part. The Award Shares that have become vested
pursuant to the above provisions are herein referred to as the “Vested Award Shares” and all Award
Shares that are not Vested Award Shares are sometimes herein referred to as the “Unvested Award
Shares.” Director acknowledges and agrees that he has been fully advised to consult with his
own tax consultants regarding the award of shares described herein.




          1.3 Taxes. Director acknowledges that he or she is responsible for the payment of any taxes
with respect to the Award Shares and any vesting thereof, and that the Company is not responsible
for withholding or paying any taxes on Director’s behalf.




          1.4 Award Shares Held by the Share Custodian. Director hereby authorizes and directs the
Company to deliver any share certificate issued by the Company to evidence Award Shares to, or to
register any certificateless book-entry issuance of Award Shares in the name of, the Secretary of
the Company or such other officer or agent of the Company as may be designated by the Committee
(the “Share Custodian”) to be held by the Share Custodian until all of the Award Shares have become
Vested Award Shares, at which time such certificate shall be promptly delivered to the Director or
Director’s agent or legal representative, or such certificateless book-entry shall be transferred
to the name of Director or Director’s agent or legal representative. Director hereby irrevocably
appoints the Share Custodian, and any successor thereto, as the true and lawful attorney-in-fact of
Director with full power and authority to execute any stock transfer power or other instrument
necessary to transfer the Award Shares to the Company pursuant to this Agreement, in the name,
place, and stead of Director. The term of such appointment shall commence on the Award Date and
shall continue until all of the Award Shares have become Vested Award Shares. Notwithstanding the
foregoing, upon request to the Share Custodian, Director shall be entitled to the release from such
custody arrangement and power of attorney of any Vested Award Shares. In the event the number of
shares of Common Stock is increased or reduced by changing par value, split-up, stock split,
reverse stock split, reclassification, merger, reorganization, consolidation, or otherwise, and in
the event of any distribution of Common Stock or other securities of the Company in respect of the
Common Stock, Director agrees that any certificate or book-entry representing shares of Common
Stock or other securities of the Company issued as a result of any of the foregoing with respect to
any Award Shares held by the Share Custodian shall be delivered to the Share Custodian and shall be
subject to all of the provisions of this Agreement as if initially purchased thereunder.




          1.5 Rights as Stockholder. During the period that the Share Custodian holds the shares of
Common Stock, Director shall be entitled to all rights applicable to shares of Common Stock not so
held; provided, however, that Director shall not be entitled to dividends on any Unvested Award
Shares on the record date for such dividend.




SECTION 2

RESTRICTIONS AND FORFEITURE OF SHARES




          2.1 Forfeiture of Unvested Award Shares. In addition to any forfeiture conditions set forth
in Schedule I, if Director ceases to meet the requirement for Continuous Service for any
reason, as determined by the Committee or its designee in its sole and absolute discretion, all
Unvested Award Shares shall be forfeited to the Company, along with any and all rights or
subsequent rights attached thereto, effective immediately.




          2.2 Restrictions on Transfer of Unvested Award Shares. Without the prior written consent of
the Committee, the granting of which shall be within the sole and complete discretion of the
Committee, no Unvested Award Share may be in any manner conveyed, pledged, assigned, transferred,
hypothecated, encumbered, or otherwise disposed of by Director, in whole or in part.







 









 








SECTION 3

GENERAL PROVISIONS




          3.1 Change in Capitalization. If the number of outstanding shares of the Common Stock shall
be increased or decreased by a change in par value, split-up, stock split, reverse stock split,
reclassification, distribution of common stock dividend, or other similar capital adjustment, an
appropriate adjustment shall be made by the Committee in the number and kind of Award Shares, such
that Director’s proportionate interest shall be maintained as before the occurrence of the event;
provided, however, that no fractional shares shall be issued in making such adjustment. All
adjustments made by the Committee under this Section shall be final, binding, and conclusive.




          3.2 Legends. Each certificate representing any Unvested Award Shares may be endorsed with
the following legend, or one substantially similar to it, and Director shall not make any transfer
of the Unvested Award Shares without first complying with the restrictions on transfer described in
such legend:




transfer is restricted





the securities evidenced by this certificate are subject to forfeiture
provisions and restrictions on transfer set forth in a restricted stock award
agreement pursuant to which these securities were issued, a copy of which is
available from the company.


Director agrees that the Company may also endorse any other legends required by applicable federal
or state securities laws. The Company need not register a transfer of the Award Shares, and may
also instruct its transfer agent, if any, not to register the transfer of the Award Shares unless
the conditions specified in the foregoing legends are satisfied.




          3.3 Governing Laws. This Agreement shall be construed, administered and enforced according to
the laws of the State of Georgia.




          3.4 Successors. This Agreement shall be binding upon and inure to the benefit of the heirs,
legal representatives, successors, and permitted assigns of the parties.




          3.5 Notice. Except as otherwise specified herein, all notices and other communications under
this Agreement shall be in writing and shall be deemed to have been given if personally delivered
or if sent by registered or certified United States mail, return receipt requested, postage
prepaid, addressed to the proposed recipient at the last known address of the recipient. Any party
may designate any other address to which notices shall be sent by giving notice of the address to
the other parties in the same manner as provided herein.




          3.6 Severability. In the event that any one or more of the provisions or portion thereof
contained in this Agreement shall for any reason be held to be invalid, illegal, or unenforceable
in any respect, the same shall not invalidate or otherwise affect any other provisions of this
Agreement, and this Agreement shall be construed as if the invalid, illegal or unenforceable
provision or portion thereof had never been contained herein.




          3.7 Entire Agreement. Subject to the terms and conditions of the Plan, this Agreement, and
any applicable OLGA screen, expresses the entire understanding and agreement of the parties with
respect to the subject matter. This Agreement may be executed in two or more counterparts, each of
which shall be deemed an original but all of which shall constitute one and the same instrument.




          3.8 Violation. Any transfer, pledge, sale, assignment, or hypothecation of the Award Shares
or any portion thereof in contravention of this Agreement shall be a violation of the terms of this
Agreement and shall be null, void and without effect ab initio.




          3.9 Headings. Paragraph headings used herein are for convenience of reference only and shall
not be considered in construing this Agreement.




          3.10 Specific Performance. In the event of any actual or threatened default in, or breach of,
any of the terms, conditions and provisions of this Agreement, the party or parties who are thereby
aggrieved shall have the




 









 




right to specific performance and injunction in addition to any and all other rights and
remedies at law or in equity, and all such rights and remedies shall be cumulative.




          3.11 No Board Membership or Employment Rights Created. Neither the establishment of the Plan
nor the award of Award Shares hereunder shall be construed as giving Director the right to
continued membership on the Board of Directors of the Company or to employment with the Company.




          3.12 Compliance with Code Section 409A. This Agreement and these Award Shares are intended to
satisfy the requirements of Section 409A of the Code and any regulations or guidance that may be
adopted thereunder from time to time and shall be interpreted by the Committee as it determines
necessary or appropriate in accordance with Section 409A of the Code to avoid a plan failure under
Section 409A(a)(1) of the Code.




[Signatures on following page]






 









 








          IN WITNESS WHEREOF, the parties have executed this Agreement to be effective as of the Award
Date noted above.




	 	 	 	 	 
	 	MANHATTAN ASSOCIATES, INC.

 	 
	 	By:  	 	 
	 	 	 	 


Director hereby acknowledges receipt of Agreement and has read and understands the terms and
provisions of the Plan and any applicable OLGA screen, and accepts the Award subject to all the
terms and conditions of the Agreement,the Plan and any applicable OLGA screen.



If Director is executing and delivering this Agreement via OLGA, Director’s clicking of the
on-screen button labeled “Accept” (or similarly labeled button) constitutes Director’s acceptance
of, and express agreement to be bound by, the terms and conditions hereof, and his or her execution
and delivery of this Agreement, without the necessity for a manual signature below or completion of
the date and address fields below. Director consents to the use of his or her electronic signature
in the foregoing manner, and consents to the retention of this executed Agreement solely in
electronic form and to the delivery to Director via electronic methods of records related to this
Agreement.




	 	 	 	 	 	 	 
	Director Signature: 

	 	 	 	Date:	 	 
	 

	 	 
	 	 	 	 





	 	 	 	 	 
	Director Printed Name:
	 	 	 	 
	 

	 	 

	 	 











 









 








Schedule I




[Vesting Provisions]