Exhibit 10.2


             


             


            

            


             


            INVESCO LTD. 2008 GLOBAL EQUITY INCENTIVE PLAN


             


            RESTRICTED STOCK AWARD AGREEMENT– TIME VESTING


            Non-transferable


             


            Award to


             


            [_____________________]


            (“Participant” or “you”)


             


            by Invesco Ltd. (“Company”) of


             


            [_____________]


            Restricted Shares of the Company (“Award”)


             


            as of [________, 20__] (“Grant Date”)


             


            Subject to the conditions of the Invesco Ltd. 2008 Global Equity Incentive Plan (“Plan”) and this Award Agreement, the Company hereby issues to you the number of Restricted Shares set forth above, which shall become vested, non-forfeitable and free of all restrictions in accordance with the following schedule:


             


            
                	
                            Date

                        	
                            Number of Restricted Shares Vesting

                        
	
                            1st anniversary of Grant Date

                        	
                            [_______]

                        
	
                            2nd anniversary of Grant Date

                        	
                            [_______]

                        
	
                            3rd anniversary of Grant Date

                        	
                            [_______]

                        
	
                            [ Other ]

                        	
                            [_______]

                        


            


             


             


            This Award shall be effective as of the Grant Date set forth above. By signing this Award Agreement, you acknowledge that you have received a copy of the Plan’s prospectus, that you have read and understood the following Terms and Conditions, which are incorporated herein by reference, and that you agree to the following Terms and Conditions, the terms of the Plan and this
            Award Agreement, which may be amended only by a written agreement signed by the Company and you. If you fail to return a signed copy of this Award Agreement within [sixty (60)] days of the Grant Date set forth above, the Company may determine that this Award has been forfeited.


             


            IN WITNESS WHEREOF, each of the Company and Participant has caused this Award Agreement to be executed as of the Grant Date.


             


            
                	
                            Invesco Ltd.

                        	
                            Participant:

                        


            


             


             


            
                	
                            By: ___________________________________

                        	
                            ________________________________

                        


            


                 
            Authorized Signatory                                                                 [Name]


            
                

            


            TERMS AND CONDITIONS – Restricted Shares – Time Vesting


            1. Plan Controls; Restricted Shares. The terms contained in the Plan are incorporated into and made a part of this Award Agreement and this Award Agreement shall be governed by and construed in accordance with the Plan. In the event of any actual or alleged conflict between the provisions of the Plan and the provisions of this Award Agreement, the
            provisions of the Plan shall control. “Restricted Shares” means those Shares of Restricted Stock that are subject to Section 7 of the Plan and any additional restrictions imposed hereunder. Unless the context otherwise requires, and solely for purposes of these Terms and Conditions, the term “Company” means Invesco Ltd. and its Subsidiaries. Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the
            Plan.


            2. Restrictions. Restricted Shares may not be sold, assigned, transferred, pledged or otherwise encumbered. If your employment with the Company terminates for any reason other than as set forth in paragraphs (b)-(e) of Paragraph 3 hereof, then you shall forfeit all of your right, title and interest in and to the Restricted Shares as of the date of
            your Termination of Service.


            3. Expiration and Termination of Restrictions. The restrictions imposed under Paragraph 2 hereof will expire on the earliest to occur of the following:


            
                	
                            (a)

                        	
                            upon your continued service as an employee of the Company until the date(s) specified on page 1 hereof, or

                        


            


            
                	
                            (b)

                        	
                            on your Termination of Service due to death or Disability, or

                        


            


            
                	
                            (c)

                        	
                            on your involuntary Termination of Service, other than for Cause, provided that you sign (and do not revoke) a severance agreement in the form stipulated by the Company, or

                        


            


            
                	
                            (d)

                        	
                            in the event of a Change in Control, immediately prior to a Change in Control if this Award Agreement is not assumed, converted or replaced in connection with the transaction that constitutes the Change in Control, or

                        


            


            
                	
                            (e)

                        	
                            in the event of a Change in Control, upon your Termination of Service during the 24-month period following the Change in Control either (i) by the Company other than for Cause or Disability, or (ii) by you for Good Reason.

                        


            


             


            4. Shareholder Rights. Upon issuance of the Restricted Shares, you shall have all of the rights of a Shareholder with respect to the Restricted Shares, including voting and dividend rights.


            5. Employment Matters In consideration of this Award, you hereby promise to honor and to be bound by the Plan and this Award Agreement, which serves as the agreed basis for your Award. You further agree that this Award Agreement is entered into and is reasonably necessary to protect Company’s investment in your advancement opportunity, training
            and development and to protect the goodwill and other legitimate business interests of Company. You also agree that, in consideration of the confidential information, trade secrets, and training and development provided to you, you will abide by the restrictions set forth in this Paragraph 5, and further agree and acknowledge that the restrictions set forth in this Paragraph 5 are reasonably necessary to protect the confidential and trade secret information provided to
            you.


            5.1 Notice Period. During your employment with the Company, any of its Subsidiaries or any of their respective successors or assigns (as applicable, the “Employer”), you and, in the absence of Cause, the Employer shall be required to give to the other
            [_______] months advance written notice of the intent to terminate your employment relationship (the “Notice Period”). Your employment with Employer shall not terminate until the expiration of the Notice Period, provided, however, Employer shall have the right, in its sole discretion, to relieve you of all of your duties and
            responsibilities by placing you on paid administrative leave during the Notice Period and shall not be required to provide you with work or access to Employer's offices during such leave. You shall be entitled to continue to receive full compensation and benefits of employment for the entire Notice Period, regardless of whether Employer exercises its right to place you on paid administrative leave. You are prohibited from working in competition with the Company, or taking
            affirmative steps to assist or establish a competitive firm, during the Notice Period. Notwithstanding the foregoing, at any time during your employment relationship Employer may, effective immediately and without the benefit of the Notice Period, terminate the employment relationship for Cause. Your employment shall terminate on the earlier of (i) Employer’s termination for Cause, and (ii) expiration of the Notice Period (the “Termination Date”).


            5.2 Nondisclosure. You agree that, in the event of your Termination of Service for any reason, whether during or following the Restriction Period, you shall not, for a period of six (6) months following the Termination Date (the “Nondisclosure Period”) directly or indirectly transmit or disclose any Confidential Information or Trade
            Secrets to any person or make use of any such Confidential Information or Trade Secret without the prior written consent of Company, provided, however, that Trade Secrets shall remain protected for so long as they remain Trade Secrets under applicable law. “Trade Secret” means information with respect to the Company that is defined as a trade secret by the Georgia Trade Secrets Act and shall be deemed to include all
            customer information – including without limitation all information pertaining to customer identity, customer account numbers and/or assets in customer accounts. “Confidential Information” means all information regarding Company or it’s business or customers that is not generally known to persons not employed by Company but that does not rise to the level of a Trade Secret, that is not generally disclosed to non-employees, and that is the subject of
            reasonable efforts to protect its confidentiality, provided, however, that “Confidential Information” does not include information that has become generally available to the public by the act of a person who has the right to disclose such information.


            5.3 Nonrecruitment; Nonsolicitation. You agree that, in the event of your Termination of Service for any reason, whether during or following the Restriction Period, you shall not, for a period of six (6) months following the Termination Date (the “Covenant Period”), directly or indirectly, individually or in concert with any other person
            or entity (i) recruit, induce or attempt to recruit or induce any employee of Company with whom you worked or otherwise had Material Contact during your employment to leave the employ of Company or otherwise lessen that party’s affiliation with Company, or (ii) solicit, divert, take away or attempt to solicit, divert or take away any then-current client or customer of Company with whom you had Material Contact during your employment for purposes of offering, providing, or
            selling investment management products or services offered by the Company at the date of your Termination of Service that were offered, provided, and/or soldby you on the Company’s behalf. For purposes of this provision, you had “Material Contact” with an employee if (i) you had a supervisory relationship with the employee or (ii) you worked or communicated with the employee on a regular basis; and you had “Material Contact” with a client or customer if
            (i) you had business dealings with the client or customer on behalf of the Company or (ii) you supervised or coordinated the dealings between the Company and the client or customer.


            5.4 Works for Hire. You and Company acknowledge that in the course of your employment by Employer, you may from time to time create or have created copyrightable works for Company. All such works related to or useful in the business of Company are specifically intended to be works made for hire by you for the benefit of Company. You hereby irrevocably
            transfer and assign to Company all right, title and interest in or to any and all documentation, information or materials conceived, discovered, developed or created by you in the course of your employment with Company, whether or not the same would otherwise constitute “works made for hire” under applicable law.


            5.5 Enforceability of Covenants. You acknowledge that the Company has a current and future expectation of business from the current and proposed customers of the Company. You acknowledge that the term and scope of the covenants set forth herein are reasonable, and you agree that you will not, in any proceeding, assert the unreasonableness of the
            premises, consideration or scope of the covenants set forth herein. You and the Company agree that if any portion of the foregoing covenants is deemed to be unenforceable because any of the restrictions contained in this Award Agreement are deemed too broad, the court shall be authorized to substitute an enforceable term or otherwise modify the Award Agreement in a manner that will enable the enforcement of the covenants to the maximum extent possible under applicable law. You agree
            that any breach of these covenants will result in irreparable damage and injury to the Company and that the Company will be entitled to injunctive relief without the necessity of posting any bond. You also agree that you shall be responsible for all damages incurred by the Company due to any breach of the restrictive covenants contained in this Award Agreement and that the Company shall be entitled to have you pay all costs and attorneys’ fees incurred by the Company in
            enforcing the restrictive covenants in this Award Agreement.


            5.6 Relationship to Other Agreements. In the event of any actual or alleged conflict between the provisions of this Award Agreement and any applicable Global Partner Agreement or other agreement regarding your employment with Employer (“Other Agreement”), the provisions hereof shall control and, to the extent necessary, be deemed an
            amendment of such Other Agreement, provided, however, that if the Notice Period, Nondisclosure Period or the Covenant Period. referred to in this Paragraph 5 is of shorter duration than that provided in the Other Agreement, the Notice Period, Nondisclosure Period or Covenant Period (as applicable) set forth in the Other Agreement shall apply.


            6.Employee Data Privacy.By signing this Agreement, you (a) explicitly consent to the collection, use and transfer, in electronic or other form, of any of your personal data that is necessary to facilitate the administration of your Award and the Plan, (b) agree that the Company and the Employer may, for the purpose of administering the Plan, hold
            certain personal information about you, including without limitation your name, home address and telephone number, date of birth, social insurance or other identification number, salary, nationality, job title, and details of all awards or entitlements to Common Shares granted to you under the Plan or otherwise (“Data”), (c) agree that Data may be transferred to any third parties assisting in the implementation, administration of the Plan, including any broker with whom
            the Common Shares issued upon vesting of the Award may be deposited, and that these recipients may be located in your country or elsewhere, and that the recipient’s country may have different data privacy laws and protections than your country; (d) waive any data privacy rights you may have with respect to the Data, and (e) authorize the Company, its Subsidiaries and its agents to store and transmit the Data in electronic form.


            7. Notice. Notices and communications under this Award Agreement must be in writing and either personally delivered or sent by registered or certified mail, return receipt requested, postage prepaid. Notices to the Company must be addressed to Invesco Ltd., Manager, Executive Compensation, 1555 Peachtree Street, NE, Atlanta, Georgia 30309, or to any
            other address designated by the Company in a written notice to you. Notices to you will be directed to your address then currently on file with the Company, or to any other address given by you in a written notice to the Company.