EX-10.35



 Exhibit 10.35 

ADT INC. 
 2018 OMNIBUS
INCENTIVE PLAN 
 NONQUALIFIED 

OPTION AWARD AGREEMENT 

THIS NONQUALIFIED OPTION AWARD AGREEMENT (this “Agreement”), is entered into as of
[            ], 20[    ] (the “Date of Grant”), by and between ADT Inc., a Delaware corporation (the “Company”), and
[                    ] (the “Participant”). Capitalized terms used in this Agreement and not otherwise defined herein have
the meanings ascribed to such terms in the ADT Inc. 2018 Omnibus Incentive Plan, as amended, restated or otherwise modified from time to time in accordance with its terms (the “Plan”). 

WHEREAS, Prime Security Services TopCo Parent, L.P., the ultimate parent of the Company (“TopCo Parent”) previously issued to
the Participant Class B Units in TopCo Parent (the “Class B Units”), pursuant to the terms and conditions (including vesting) set forth in a Profits Unit Award Agreement between TopCo Parent and the
Participant, dated [            ], 201[    ], as amended (the “Class B Award Agreement”); 

WHEREAS, in connection with the initial public offering of shares of Common Stock of the Company, the Participant’s Class B Units
are being redeemed by the Partnership (the “Redemption”); 
 WHEREAS, the Company has adopted the Plan, pursuant to which
options to acquire shares of Common Stock may be granted (“Options”); and 
 WHEREAS, in connection with the Redemption,
the Committee has determined that it is in the best interests of the Company and its stockholders to grant the award provided for herein to the Participant on the terms and subject to the conditions set forth herein. 

NOW, THEREFORE, for and in consideration of the premises and the covenants of the parties contained in this Agreement, and for other good and
valuable consideration, the receipt of which is hereby acknowledged, the parties hereto, for themselves, their successors and assigns, hereby agree as follows: 
  

	1.	Grant of Option. 

 (a)    Grant. The Company hereby grants to
the Participant an Option to purchase [                ] shares of Common Stock (such shares, the “Option Shares”), on the terms and subject to
the conditions set forth in this Agreement and as otherwise provided in the Plan. The Option is not intended to qualify as an Incentive Stock Option. Fifty percent (50%) of the Options granted hereby shall be designated as the “Tranche A
Option” and the remaining fifty percent (50%) of the Options granted hereby shall be designated as the “Tranche B Option.” The Options shall vest in accordance with Section 2. The Exercise Price shall be
$[            ] per Option Share. 
 (b)    Incorporation
by Reference. The provisions of the Plan are incorporated herein by reference. Except as otherwise expressly set forth herein, this Agreement shall be construed in accordance with the provisions of the Plan and any interpretations, amendments,
rules and regulations promulgated by the Committee from time to time pursuant to the Plan. The Committee shall have final authority to interpret and construe the Plan and this Agreement and to make any and all determinations under them, and its
decision shall be binding and conclusive upon the Participant and the Participant’s beneficiary in respect of any questions arising under the Plan or this Agreement. The Participant acknowledges that the Participant has received a copy of the
Plan and has had an opportunity to review the Plan and agrees to be bound by all the terms and provisions of the Plan. 







 2.    Vesting. The Tranche A Option granted under this Agreement shall vest in
accordance with the terms of the Class B Award Agreement as they relate to the vesting of the “Service Tranche” (as defined in the Class B Award Agreement). The Tranche B Option granted under this Agreement shall vest in
accordance with the terms of the Class B Award Agreement as they relate to the vesting of the “Performance Tranche” (as defined in the Class B Award Agreement). For the avoidance of doubt, to the extent that any of the
“Service Tranche” of Class B Units were vested as of the Date of Grant, the corresponding portion of the Tranche A Option shall be vested as of the Date of Grant (e.g., if the Participant was 20% vested in the Service Tranche as of
the Date of Grant, then the Participant will be vested in 20% of the Tranche A Option as of the Date of Grant). 
  

	3.	Expiration. 

 (a)    In no event shall all or any portion of the
Option be exercisable after the tenth annual anniversary of the Date of Grant (such ten-year period, the “Option Period”); provided, that if the Option Period would expire at a time
when trading in the shares of Common Stock is prohibited by the Company’s securities trading policy (or Company-imposed “blackout period”), the Option Period shall be automatically extended until the 30th day following the expiration of such prohibition (but not to the extent that any such extension would otherwise violate Section 409A of the Code). 

(b)    If, prior to the end of the Option Period, the Participant’s employment with, directorship with, or engagement
to provide services to, the Company and all Affiliates is terminated without Cause or by the Participant for any reason, then the Option shall expire on the earlier of the last day of the Option Period and the date that is 90 days after the date of
such termination or with respect to any Tranche B Option that vests following such termination or employment or service in accordance with Section 2 above, the 90th day following the applicable vesting date, if later; provided,
however, that if the Participant’s employment, directorship or engagement to provide services to the Company and its Affiliates is terminated and the Participant is subsequently rehired, reappointed or reengaged by the Company or any
Affiliate within 90 days following such termination and prior to the expiration of the Option, the Participant shall not be considered to have undergone a termination of employment or service, as applicable. 

(c)    If (i) the Participant’s employment with, directorship with, or engagement to provide services to, the
Company is terminated prior to the end of the Option Period on account of his Disability, (ii) the Participant dies while still a director of, or still in the employ or engagement of the Company or an Affiliate or (iii) the Participant
dies following a termination described in subsection (b) above but prior to the expiration of an Option, the Option shall expire on the earlier of the last day of the Option Period and the date that is one (1) year after the date of
death or termination on account of Disability of the Participant, as applicable, or, with respect to any Tranche B Option that vests following such termination or employment or service in accordance with Section 2 above, the 90th day following
the applicable vesting date, if later. 
 (d)    If the Participant ceases employment with or engagement to provide
services to the Company or any Affiliates or is removed as a director due to a termination for Cause, the Option (whether vested or unvested) shall expire immediately upon such termination. 

4.    Method of Exercise and Form of Payment. No Option Shares shall be delivered pursuant to any exercise of the Option
until the Participant (i) has paid in full to the Company the Exercise Price and an amount equal to any U.S. federal, state, local and non-U.S. income and employment taxes required to be withheld and
(ii) to the extent that the Participant is not then party to the ADT Inc. Amended and Restated Management Investor Rights Agreement (as amended or restated from time to time, the “MIRA”), the Participant shall deliver to the
Company an adoption agreement (i.e., joinder), in form and 

  
 2 








 
substance satisfactory to the Company and consistent with the form attached to the MIRA (an “Adoption Agreement”), pursuant to which the Participant agrees to become a party to
the MIRA. The Option may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third-party-administrator) in accordance with the terms hereof. The Exercise Price and all applicable required
withholding taxes shall be payable (i) in cash, check, cash equivalent and/or in shares of Common Stock valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means
of attestation of ownership of a sufficient number of shares of Common Stock in lieu of actual delivery of such shares to the Company); provided that such shares of Common Stock are not subject to any pledge or other security interest; or
(ii) by such other method as the Committee may permit, including without limitation: (A) in other property having a Fair Market Value equal to the Exercise Price and all applicable required withholding taxes, (B) if there is a public
market for the shares of Common Stock at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the shares of Common Stock
otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxes, or (C) by means of a “net exercise” procedure effected
by withholding the minimum number of shares of Common Stock otherwise deliverable in respect of an Option that are needed to pay for the Exercise Price and all applicable required withholding taxes. Any fractional shares of Common Stock resulting
from the application of this Section 4 shall be settled in cash. 
 5.    Rights as a Stockholder. The Participant
shall not be deemed for any purpose to be the owner of any shares of Common Stock subject to this Option unless, until and to the extent that (i) this Option shall have been exercised pursuant to its terms, (ii) the Company shall have
issued and delivered to the Participant the Option Shares and (iii) the Participant’s name shall have been entered as a stockholder of record with respect to such Option Shares on the books of the Company. The Company shall cause the
actions described in clauses (ii) and (iii) of the preceding sentence to occur promptly following settlement as contemplated by this Agreement, subject to compliance with applicable laws. 

 

	6.	Compliance with Legal Requirements. 

 (a)    Generally. The
granting and exercising of the Option, and any other obligations of the Company under this Agreement, shall be subject to all applicable U.S. federal, state and local laws, rules and regulations, all applicable
non-U.S. laws, rules and regulations and to such approvals by any regulatory or governmental agency as may be required. The Participant agrees to take all steps that the Committee or the Company determines are
reasonably necessary to comply with all applicable provisions of U.S. federal and state securities law and non-U.S. securities law in exercising the Participant’s rights under this Agreement. 

(b)    Tax Withholding. Any exercise of the Option shall be subject to the Participant’s satisfying any
applicable U.S. federal, state and local tax withholding obligations and non-U.S. tax withholding obligations. The Company shall have the right and is hereby authorized to withhold from any amounts payable to
the Participant in connection with the Option or otherwise the amount of any required withholding taxes in respect of the Option, its exercise or any payment or transfer of the Option or under the Plan and to take any such other action as the
Committee or the Company deem necessary to satisfy all obligations for the payment of such withholding taxes (up to the maximum permissible withholding amounts), including the right to use a broker-assisted “cashless exercise” as described
in Section 4 hereof. The Participant may elect to satisfy, and the Company may require the Participant to satisfy, in whole or in part, the tax obligations by withholding shares of Common Stock that would otherwise be received upon exercise of
the Option with a Fair Market Value equal to such withholding liability. For exercises of the Option occurring during a blackout period under the Company’s insider trading policy, the 

  
 3 








 
Company shall arrange for the sale of a number of shares of Common Stock to be delivered to the Participant to satisfy the applicable withholding obligations. Such shares of Common
Stock shall be sold on behalf of the Participant through the Company’s transfer agent on the facilities of the NYSE or through the facilities of any other exchange on which the Common Stock is listed at the time of such sale. 

7.    Clawback. Notwithstanding anything to the contrary contained herein, the Committee may cancel the Option award
if the Participant, without the consent of the Company, has engaged in or engages in activity that is in conflict with or adverse to the interests of the Company or any Affiliate while employed by, serving as a director of, or otherwise providing
services to the Company or any Affiliate, including fraud or conduct contributing to any financial restatements or irregularities, or violates a non-competition,
non-solicitation, non-disparagement or non-disclosure covenant or agreement with the Company or any Affiliate (after giving
effect to any applicable cure period set forth therein), as determined by the Committee. In such event, the Participant will forfeit any compensation, gain or other value realized thereafter on the vesting or exercise of the Option, the sale or
other transfer of the Option, or the sale of shares of Common Stock acquired in respect of the Option (provided that the Option or portion thereof was exercised during the 12-month period immediately prior to
the Participant’s adverse activity), and must promptly repay such amounts to the Company. If the Participant receives any amount in excess of what the Participant should have received under the terms of the Option for any reason (including
without limitation by reason of a financial restatement, mistake in calculations or other administrative error), all as determined by the Committee, then the Participant shall promptly repay any such excess amount to the Company. To the extent
required by applicable law or the rules and regulations of the NYSE or any other securities exchange or inter-dealer quotation system on which the Common Stock is listed or quoted, or if so required pursuant to a written policy adopted by the
Company, the Option shall be subject (including on a retroactive basis) to clawback, forfeiture or similar requirements (and such requirements shall be deemed incorporated by reference into this Agreement). 

 

	8.	Restrictive Covenants.  


(a)    Without limiting any other non-competition,
non-solicitation, non-disparagement or non-disclosure or other similar agreement to which the Participant may be party, the
Participant hereby acknowledges and agrees that the Participant shall continue to be subject to the confidentiality and other restrictive covenants set forth in the Fourth Amended and Restated Limited Partnership Agreement of Prime Security Services
TopCo Parent, L.P., a Delaware limited partnership, dated as of November 7, 2016 (as amended or supplemented from time to time, the “LPA”) as if a party thereto. 

(b)    In the event that the Participant violates any of the restrictive covenants referred to in this Section 8, in
addition to any other remedy that may be available at law or in equity, the Option shall be automatically forfeited effective as of the date on which such violation first occurs. The foregoing rights and remedies are in addition to any other rights
and remedies that may be available to the Company and shall not prevent (and the Participant shall not assert that they shall prevent) the Company from bringing one or more actions in any applicable jurisdiction to recover damages as a result of the
Participant’s breach of such restrictive covenants. 
  

	9.	Miscellaneous. 

 (a)    Transferability. 

(i)    The Option may not be assigned, alienated, pledged, attached, sold or otherwise transferred or
encumbered (a “Transfer”) by the Participant other than by will or by the laws of descent and distribution, pursuant to a qualified domestic relations order or as otherwise permitted under Section 14(b) of the Plan. Any
attempted Transfer of the Option contrary to the provisions hereof, and the levy of any execution, attachment or similar process upon the Option, shall be null and void and without effect. 

  
 4 








 (ii)    Upon the exercise of the Option (or any portion
thereof), to the extent the Participant is not then party to the MIRA, the Participant shall deliver to the Company an Adoption Agreement, pursuant to which the Participant agrees to become a party to the MIRA. All Option Shares acquired upon such
exercise shall be subject to the terms and conditions of the MIRA. 
 (b)    Waiver. Any right of the Company
contained in this Agreement may be waived in writing by the Committee. No waiver of any right hereunder by any party shall operate as a waiver of any other right, or as a waiver of the same right with respect to any subsequent occasion for its
exercise, or as a waiver of any right to damages. No waiver by any party of any breach of this Agreement shall be held to constitute a waiver of any other breach or a waiver of the continuation of the same breach. 

(c)    Section 409A. The Option is not intended to be subject to Section 409A of the Code. Notwithstanding the
foregoing or any provision of the Plan or this Agreement, if any provision of the Plan or this Agreement contravenes Section 409A of the Code or could cause the Participant to incur any tax, interest or penalties under Section 409A of the
Code, the Committee may, in its sole discretion and without the Participant’s consent, modify such provision to (i) comply with, or avoid being subject to, Section 409A of the Code, or to avoid the incurrence of taxes, interest and
penalties under Section 409A of the Code, and/or (ii) maintain, to the maximum extent practicable, the original intent and economic benefit to the Participant of the applicable provision without materially increasing the cost to the
Company or contravening the provisions of Section 409A of the Code. This Section 9(c) does not create an obligation on the part of the Company to modify the Plan or this Agreement and does not guarantee that the Option or the Option Shares
will not be subject to interest and penalties under Section 409A. 
 (d)    Notices. Any notices provided
for in this Agreement or the Plan shall be in writing and shall be deemed sufficiently given if either hand delivered or if sent by fax, pdf/email or overnight courier, or by postage-paid first-class mail. Notices sent by mail shall be deemed
received three business days after mailing but in no event later than the date of actual receipt. Notices shall be directed, if to the Participant, at the Participant’s address indicated by the Company’s records, or if to the Company, to
the attention of the General Counsel at the Company’s principal executive office. 
 (e)    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. 
 (f)    No Rights to Employment, Directorship or Service. Nothing contained in this
Agreement shall be construed as giving the Participant any right to be retained, in any position, as an employee, consultant or director of the Company or any of its Affiliates or shall interfere with or restrict in any way the rights of the Company
or any of its Affiliates, which are hereby expressly reserved, to remove, terminate or discharge the Participant at any time for any reason whatsoever. 

(g)    Fractional Shares. In lieu of issuing a fraction of a share of Common Stock resulting from any exercise of
the Option or an adjustment of the Option pursuant to Section 11 of the Plan or otherwise, the Company shall be entitled to pay to the Participant an amount in cash equal to the Fair Market Value of such fractional share. 

  
 5 








 (h)    Beneficiary. The Participant may file with the Committee a
written designation of a beneficiary on such form as may be prescribed by the Committee and may, from time to time, amend or revoke such designation. 

(i)    Successors. The terms of this Agreement shall be binding upon and inure to the benefit of the Company and
its successors and assigns, and of the Participant and the beneficiaries, executors, administrators, heirs and successors of the Participant. 

(j)    Entire Agreement. This Agreement, the Plan, the Class B Award Agreement, the MIRA, and the LPA (with
respect to Section 8 of this Agreement only) contain the entire agreement and understanding of the parties hereto with respect to the subject matter contained herein and supersede all prior communications, representations and negotiations in
respect thereto, other than any other non-competition, non-solicitation, non-disparagement or
non-disclosure or other similar agreement to which the Participant may be a party, the covenants of which shall continue to apply to the Participant in addition to the covenants in Section 8 of this
Agreement, in accordance with the terms of such agreement. No change, modification or waiver of any provision of this Agreement shall be valid unless the same be in writing and signed by the parties hereto, except for any changes permitted without
consent under Section 11 or 13 of the Plan. 
 (k)    Governing Law and Venue. This Agreement shall be
construed and interpreted in accordance with the laws of the State of Delaware, without regard to principles of conflicts of laws thereof, or principles of conflicts of laws of any other jurisdiction that could cause the application of the laws of
any jurisdiction other than the State of Delaware. 
 (i)    Dispute Resolution; Consent to
Jurisdiction. All disputes between or among any Persons arising out of or in any way connected with the Plan, this Agreement or the Option shall be solely and finally settled by the Committee, acting in good faith, the determination of which
shall be final.    Any matters not covered by the preceding sentence shall be solely and finally settled in accordance with the Plan, and the Participant and the Company consent to the personal jurisdiction of the United States
federal and state courts sitting in Wilmington, Delaware, as the exclusive jurisdiction with respect to matters arising out of or related to the enforcement of the Committee’s determinations and resolution of matters, if any, related to the
Plan or this Agreement not required to be resolved by the Committee. Each such Person hereby irrevocably consents to the service of process of any of the aforementioned courts in any such suit, action or proceeding by the mailing of copies thereof
by registered or certified mail, postage prepaid, to the last known address of such Person, such service to become effective ten (10) days after such mailing. 

(ii)    Waiver of Jury Trial. Each party hereto hereby waives, to the fullest extent permitted by
applicable law, any right it may have to a trial by jury in any legal proceeding directly or indirectly arising out of or relating to this Agreement or the transactions contemplated (whether based on contract, tort or any other theory). Each party
hereto (A) certifies that no representative, agent or attorney of any other party has represented, expressly or otherwise, that such other party would not, in the event of litigation, seek to enforce the foregoing waiver and
(B) acknowledges that it and the other parties hereto have been induced to enter into this Agreement by, among other things, the mutual waivers and certifications in this section. 

(l)    Headings. The headings of the Sections hereof are provided for convenience only and are not to serve as a
basis for interpretation or construction, and shall not constitute a part, of this Agreement. 

  
 6 








 (m)    Counterparts. This Agreement may be executed in one or more
counterparts (including via facsimile and electronic image scan (pdf)), each of which shall be deemed to be an original, but all of which together shall constitute one and the same instrument and shall become effective when one or more counterparts
have been signed by each of the parties and delivered to the other parties. 
 (n)    Electronic Signature and
Delivery. This Agreement may be accepted by return signature or by electronic confirmation. By accepting this Agreement, the Participant consents to the electronic delivery of prospectuses, annual reports and other information required to be
delivered by U.S. Securities and Exchange Commission rules (which consent may be revoked in writing by the Participant at any time upon three business days’ notice to the Company, in which case subsequent prospectuses, annual reports and other
information will be delivered in hard copy to the Participant). 
 (o)    Electronic Participation in Plan. The
Company may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan by electronic means. The Participant hereby consents to receive such documents by electronic delivery and agrees to
participate in the Plan through an on-line or electronic system established and maintained by the Company or a third party designated by the Company. 

[Remainder of page intentionally blank] 

  
 7 








 IN WITNESS WHEREOF, this Nonqualified Option Award Agreement has been executed by the Company and
the Participant as of the day first written above. 
  

			
	ADT INC.
		
	By:	 	  

	Name:	 	
	Title:	 	


 
			
	
	PARTICIPANT


 
			
	
	  

	[Insert Name]



  
 [Signature page to
Nonqualified Option Award Agreement]