Form of Restricted Stock Unit Agreement



 Exhibit 10.3 
 CONSTANT CONTACT, INC. 
 Restricted Stock Unit Agreement 

Under 2012 Inducement Award Plan 
 (Time-Based Vesting) 
 AGREEMENT made between Constant Contact, Inc., a
Delaware corporation (the “Company”), and                      (“you”) as of this
         day of June, 2012 (the “Effective Date”), immediately after the closing of the transactions contemplated by that certain Agreement and Plan of Merger by and among
the Company, Match Acquisition Corporation, SinglePlatform, Corp. and the Stockholder Representative (as defined therein), dated as of June 12, 2012. 
 For valuable consideration, receipt of which is acknowledged, the Company and you agree as follows: 
  

	1.	Grant of RSUs. 


Effective as of the Effective Date, and subject to the terms and conditions set forth in this Agreement and in the Constant Contact, Inc.
2012 Inducement Award Plan (the “Plan”), the Company has granted you Restricted Stock Units (“RSUs”) providing you with the right to receive
                     shares of common stock (“Common Stock”), $0.01 par value per share, of the Company (the
“Shares”). 
  

	2.	Vesting and Forfeiture. 

 (a)        While you remain employed by, or engaged to provide services on an individual basis to, the Company, 30% of the RSUs will vest on the first anniversary
of the Effective Date, 35% of the RSUs will vest on each of the second and third anniversaries of the Effective Date, such that 100% of the RSUs will be fully vested on the third anniversary of the Effective Date. The date upon which any of the RSUs
vest will be considered a “Vesting Date” for the RSUs that vest on that date. Any fractional Shares that would otherwise vest as of a particular date will be rounded down and carried forward to the next Vesting Date until a
whole Share can be issued. 
 (b)        In the event of a Change of Control (as defined
below), notwithstanding anything herein to the contrary, immediately prior to the closing of the Change of Control, 50% of the then outstanding and unvested RSUs shall automatically vest and the date on which the closing of such Change of Control
occurs shall be a Vesting Date for purposes of this Agreement. Any then outstanding and unvested RSUs (after giving effect to the foregoing sentence) shall continue to vest as set forth in Section 2(a) above until 100% of the RSUs are vested,
subject to the continuation of your employment or other service providing relationship with the Company, or its successor. Notwithstanding the foregoing provisions of Sections 2(b) and 2(c), if the Change of Control is also a Reorganization Event,
the provisions of Section 7(b)(2) of the Plan shall also apply to the RSUs. 

(c)        If, following a Change of Control, your employment or other service providing
relationship with the Company is terminated by the Company, or its successor, without Cause (as defined below) prior to the one year anniversary of the date on which the closing of such Change of Control occurs, 100% of the then outstanding and
unvested RSUs shall automatically vest and 







 
the effective date of the termination of your employment or other service providing relationship shall be a Vesting Date for purposes of this Agreement. Notwithstanding the foregoing, and solely
to the extent necessary to avoid the penalty provisions under Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”), if the Vesting Date occurs because of your termination of employment and if the Company
determines that you are a “specified employee” as defined under Section 409A, then the distribution of newly vested Shares shall be delayed until the earlier of (i) the date that is six months plus one day after the date of
termination and (ii) the 10th day after your date of death. 
 (d)        Absent
any contrary provision in the Plan or any other applicable plan or agreement, if you cease to be employed by, or engaged to provide services on an individual basis to, the Company for any reason or no reason, you will immediately and automatically
forfeit all rights to any of your RSUs that have Vesting Dates after the date your employment or engagement with the Company ends. 
 (e)        For the purposes of this Agreement: 
     (1)        “Change of Control” shall mean (i) the consolidation or merger of the Company with or into any other corporation
or other entity (other than a merger or consolidation in which all or substantially all of the individuals and entities who were beneficial owners of the outstanding securities entitled to vote generally in the election of directors of the Company
immediately prior to such transaction beneficially own, directly or indirectly, more than 50% of the outstanding securities entitled to vote generally in the election of directors of the resulting, surviving or acquiring corporation in such
transaction), (ii) the sale of all or substantially all of the properties and assets of the Company as an entirety to any other person, or (iii) the sale or transfer, in a single transaction or series of related transactions, of
outstanding capital stock representing at least a majority of the voting power of the outstanding capital stock of the Company immediately following such transaction; provided that if any portion of the RSUs is then subject to Section 409A, any
resulting distribution of the covered shares will be delayed to comply with Section 409A unless the Change of Control is also a change in ownership or effective control of the Company (within the meaning of Treasury Regulation
Section 1.409A-3(g)(5) or any successor regulation. 

    (2)        If you are party to an employment, consulting or severance
agreement with the Company that contains a definition of “cause” for termination of employment or other relationship, “Cause” shall have the meaning ascribed to such term in such agreement. Otherwise, “Cause” shall mean
willful misconduct by you or your willful failure to perform your responsibilities to the Company (including, without limitation, breach by you of any provision of any employment, consulting, advisory, nondisclosure, non-competition or other similar
agreement between you and the Company), as determined by the Company, which determination shall be conclusive. You shall be considered to have been discharged for “Cause” if the Company determines, within 30 days after your resignation,
that discharge for Cause was warranted. 








	3.	Issuance of Shares. 

 Subject to the terms and conditions of this Agreement (including any Withholding Tax obligations), after each Vesting Date, the Company will issue to you (or your estate, or an account at a brokerage firm
designated by the Company), within three (3) business days following such Vesting Date, one Share for each RSU that vested on such Vesting Date. Until each applicable Vesting Date, you will have no rights to any Shares, and until the Company
delivers the Shares to you, you will not have any rights associated with such Shares, including without limitation voting rights, dividends or dividend equivalents. 
  

	4.	Transferability. 


The RSUs and Shares they represent may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of (whether by
operation of law or otherwise) (collectively, a “transfer”), except that this Agreement may be transferred by the laws of descent and distribution or as otherwise permitted under the Plan. You may only transfer the Shares
that may be issued pursuant to this Agreement following a Vesting Date that covers them. 
  

	5.	Withholding Taxes. 


(a)        You acknowledge that you have reviewed with your own tax advisors the federal, state,
local and foreign tax consequences of this investment and the actions contemplated by this Agreement. You affirm that you are relying solely on such advisors and not on any statements or representations of the Company or any of its agents.

 (b)        The Company’s obligation to deliver Shares to you upon or after the
vesting of the RSUs shall be subject to your satisfaction of all income tax (including federal, state and local taxes), social insurance, payroll tax, payment on account or other tax related withholding requirements, as determined by the Company
(“Withholding Taxes”). 
 (c)        You acknowledge and agree
that the Company has the right to deduct from payments of any kind otherwise due to you any Withholding Taxes to be withheld with respect to the actions contemplated by this Agreement. 

(d)        Without limiting the generality of the foregoing Section 5(c), except as provided
in the next sentence, the Company shall withhold a number of Shares issuable in payment of any vested RSUs having a Fair Market Value, as of the Vesting Date of such RSUs, equal to the Withholding Taxes with respect to such RSUs. If the Company
cannot (under applicable legal, regulatory, listing or other requirements, or otherwise) satisfy such Withholding Taxes in such method, the Company may satisfy such Withholding Taxes by any one or combination of the following methods: (i) by
requiring you to pay such Withholding Taxes in cash or by check; (ii) by deducting such Withholding Taxes out of any other compensation otherwise payable to you by the Company; and/or (iii) by allowing you to surrender shares of Common
Stock which (x) in the case of shares initially acquired from the Company (upon exercise of a stock option or otherwise), have been owned by you for such period (if any) as may be required to avoid a charge to the Company’s earnings, and
(y) have a Fair Market Value on the date of surrender equal to such Withholding Taxes. The Company is hereby authorized to take such actions as are necessary to effect the withholding of any and all such Withholding Taxes in accordance with








 
this Section 5(d). For purposes of this Section 5(d), the “Fair Market Value” of a Share as of any date shall be equal to the last reported sale price of the
Common Stock on the NASDAQ Stock Market (or any other stock exchange or over-the-counter market on which the Company’s Common Stock is then traded) on such date. 
  

	6.	Securities Laws. 


Notwithstanding any other provision of the Plan or this Agreement, the Company will not be required to issue, and you may not sell,
assign, transfer or otherwise dispose of, any shares of Common Stock received as payment of the RSUs, unless (a) there is in effect with respect to the shares of Common Stock received as payment of the RSUs a registration statement under the
Securities Act of 1933, as amended, and any applicable state or foreign securities laws or an exemption from such registration, and (b) there has been obtained any other consent, approval or permit from any other regulatory body that the
Compensation Committee (the “Committee”) of the Company’s Board of Directors, in its sole discretion, deems necessary or advisable. The Company may condition such issuance, sale or transfer upon the receipt of any
representations or agreements from the parties involved, and the placement of any legends on certificates representing Common Stock received as payment of the RSUs, as may be deemed necessary or advisable by the Company to comply with such
securities law or other restrictions. 
  

	7.	Provisions of the Plan. 

 This Agreement is subject to the provisions of the Plan, a copy of which is furnished to you with this Agreement. Any capitalized terms used in this Agreement but not otherwise defined in the Agreement
shall have the same meaning as in the Plan. 
  

	8.	Miscellaneous. 


(a)        Section 409A. This Agreement is intended to comply with the requirements
of Section 409A and shall be construed consistently therewith. In any event, the Company makes no representation or warranty and will have no liability to you or any other person, other than with respect to payments made by the Company in
violation of the provisions of this Agreement, if any provisions of or payments under this Agreement are determined to constitute deferred compensation subject to Section 409A but not to satisfy the conditions of that section. 

(b)        Unsecured Creditor. This Agreement shall create a contractual obligation on the
part of Company to make payment of the RSUs credited to your account at the time provided for in this Agreement. Neither you nor any other party claiming an interest in the RSUs or related stock hereunder shall have any interest whatsoever in any
specific assets of the Company. Your right to receive payments hereunder shall be that of an unsecured general creditor of Company. 
 (c)        Severability. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other
provision of this Agreement, and each other provision of this Agreement shall be severable and enforceable to the extent permitted by law. 







 (d)        Waiver. Any provision for the
benefit of the Company contained in this Agreement may be waived, either generally or in any particular instance, by the Board of Directors of the Company or the Committee. 
 (e)        Binding Effect. This Agreement shall be binding upon and inure to the benefit of the Company and you and its and your respective heirs, executors,
administrators, legal representatives, successors and assigns, subject to the restrictions on transfer set forth in Section 4 of this Agreement. 
 (f)        Notice. Except as provided in Section 8(i), all notices required or permitted hereunder shall be in writing or provided and deemed
effectively given upon personal delivery or five calendar days after deposit in the United States Post Office, by registered or certified mail, postage prepaid, addressed to the other party hereto at, for the Company, its primary business address
(attention: Chief Human Resources Officer / General Counsel) and, for you, at your home address as reflected in the records of the Company, or at such other address or addresses as either party shall designate to the other in accordance with this
Section 8(f). 
 (g)        Entire Agreement. This Agreement and the Plan
constitute the entire agreement between the parties, and supersede all prior agreements and understandings, relating to the subject matter of this Agreement. 
 (h)        Governing Law. This Agreement shall be construed, interpreted and enforced in accordance with the internal laws of the State of Delaware without
regard to any applicable conflicts of laws. 
 (i)        Electronic Delivery.
The Company may, in its sole discretion, decide to deliver any documents related to participation in the Plan or awards granted under the Plan by electronic means or to request your consent to participate in the Plan by electronic means or allow you
to provide notices by electronic means. You hereby consent to receive such documents by electronic delivery and, if requested, you agree to participate in the Plan through anon-line or electronic system established and maintained by the Company or
another third party designated by the Company. 
 (j)        Your
Acknowledgments. You acknowledge that you: (i) have read this Agreement; (ii) have been represented in the preparation, negotiation and execution of this Agreement by legal counsel of your own choice or have voluntarily declined to
seek such counsel; (iii) understand the terms and consequences of this Agreement; and (iv) are fully aware of the legal and binding effect of this Agreement. 
 [Signatures on Pages Following] 







 IN WITNESS WHEREOF, the Company has caused this grant to be executed under its corporate
seal by its duly authorized officer. This option shall take effect as a sealed instrument. 
  

	
	CONSTANT CONTACT, INC.
	
	
By:                       
                                         
                

	
	 Name:
                                         
                                

	
	 Title:  
                                         
                                



 Dated:
                             







 PARTICIPANT’S ACCEPTANCE 

By signing below (or by accepting the foregoing grant through such other means as may be established by the Company or its third-party
administrator from time to time), I hereby accept the foregoing grant and agree to the terms and conditions thereof and acknowledge receipt of a copy of the Plan. 

 

			
	PARTICIPANT:
	
	 
		
	 Address:  
	 	 
	
	 


 Dated: