exv4w7






EXHIBIT 4.7




SNAPin SOFTWARE, INC.

2003 EQUITY INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT




	 	 	 	 	 	 	 
	(A)

	 	Name of Grantee:
	 	
	 	 
	 

	 	 	 	 	 	 
	(B)

	 	Number of Restricted Stock Units:
	 	
	 	 
	 

	 	 	 	 	 	 
	(C)

	 	Grant Date:
	 	
	 	 
	 

	 	 	 	 	 	 
	(D)

	 	Vesting Commencement Date:
	 	
	 	 
	 

	 	 	 	 	 	 





     THIS RESTRICTED STOCK UNIT AGREEMENT (the “Agreement”), is made and entered into as of the
date set forth in Item C above between SNAPin Software, Inc. a Delaware corporation (the “Company”)
and the person named in Item A above (“Grantee”).



     THE PARTIES AGREE AS FOLLOWS:




	1.	 	Restricted Stock Units. Pursuant to the Company’s 2003 Equity Incentive Plan (the “Plan”), a
copy of which is included with this Agreement as Exhibit A to the enclosed Rule 701 Disclosure
Packet, the Company hereby credits to a separate account maintained on the books of the
Company (the “Account”) Restricted Stock Units which will give Grantee the right to receive
that number of shares of Common Stock of the Company, par value $0.001 (the “Shares”) listed
in Item B above on the terms and conditions set forth herein and in the Plan, the terms and
conditions of the Plan being hereby incorporated into this Agreement by reference. In the
event of a conflict between the terms and conditions of the Plan and the terms and conditions
of this Agreement, the terms and conditions of the Plan shall prevail. Capitalized terms used
and not defined in this Agreement will have the meaning set forth in the Plan.
	 
	2.	 	Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive one
Share in accordance with Section 7 hereof after the Restricted Stock Unit has vested. Unless
and until the Restricted Stock Units will have vested in the manner set forth in Section 3,
the Grantee will have no right to receive the Shares subject to the Restricted Stock Units.
Prior to the actual issuance of any Shares subject to the Restricted Stock Units, such
Restricted Stock Units will represent an unsecured obligation of the Company, payable (if at
all) only from the general assets of the Company.
	 
	3.	 	Vesting. Except as provided in Section 4, and subject to Sections 5 and 6, one-third
(1/3rd) of the Restricted Stock Units shall cliff vest in even installments on each
anniversary of the Vesting Commencement Date for a total of three vesting periods (and if there is no corresponding day, on the last day of the applicable month), subject to
Grantee’s continuing to be an employee, director or consultant of the Company or




 









 






	 	 	any successor
thereto or of a Related Company (a “Service Provider”) through each vesting date. The Vesting
Commencement Date shall be no earlier than the Effective Time, as provided in the Merger
Agreement (as defined below).






	4.	 	Administrator Discretion. The Plan Administrator, in its discretion, may accelerate the
vesting of the balance, or some lesser portion of the balance, of the unvested Restricted
Stock Units at any time, subject to the terms of the Plan. If so accelerated, such Restricted
Stock Units will be considered as having vested as of the date specified by the Plan
Administrator.
	 
	5.	 	Forfeiture upon Termination as Service Provider. Notwithstanding any contrary provision of
this Agreement, if the Grantee terminates service as a Service Provider for any or no reason,
prior to vesting, Grantee’s right to acquire Shares pursuant to such unvested Restricted Stock
Units awarded by this Agreement will immediately terminate.
	 
	6.	 	Forfeiture upon Termination of Merger. Notwithstanding any contrary provision of this
Agreement, if the Agreement and Plan of Merger by and among the Company, Nuance
Communications, Inc., Speakeasy Acquisition Corporation, Speakeasy Acquisition LLC, U.S. Bank,
National Association, as Escrow Agent, and Thomas S. Huseby, as Stockholder Representative,
dated as of August 13, 2008 (the “Merger Agreement”) is terminated pursuant to Article X
thereof, Grantee’s right to acquire Shares pursuant to this Agreement will immediately
terminate and no Shares will be issued hereunder.
	 
	7.	 	Payment After Vesting. Any Restricted Stock Units that vest in accordance with Sections 3 or
4 will be settled by the Company issuing Shares to the Grantee (or in the event of Grantee’s
death, to his or her estate), provided that to the extent determined appropriate by the
Company, the Grantee shall satisfy any federal, state, local or foreign withholding taxes with
respect to the settlement of such vested Restricted Stock Units prior to the issuance of any
vested Shares to the Grantee. The settlement of vested Restricted Stock Units will be
completed by the issuance of the appropriate number of Shares as soon as practicable after
vesting, but in each such case no later than the 15th day of the third month
following the end of the Company’s tax year that includes an applicable vesting date.
	 
	 	 	Any distribution or delivery to be made to Grantee under this Agreement will, if Grantee is
then deceased, be made to Grantee’s designated beneficiary, or if no beneficiary survives
Grantee, the administrator or executor of Grantee’s estate. Any such transferee must furnish
the Company with (a) written notice of his or her status as transferee, and (b) evidence
satisfactory to the Company to establish the validity of the transfer and compliance with any
laws or regulations pertaining to said transfer.
	 
	8.	 	Rights as Stockholder. Neither the Grantee nor any person claiming under or through the
Grantee will have any of the rights or privileges of a stockholder of the Company in respect of any
Shares deliverable hereunder unless and until certificates




 









 











representing such Shares will have been issued, recorded on the records of the Company or its
transfer agents or registrars, and delivered to the Grantee.




	9.	 	Tax Advice. The Company has made no warranties or representations to Grantee with respect to
the income tax consequences of the transactions contemplated by the Agreement pursuant to
which the Restricted Stock Units have been issued and Grantee is in no manner relying on the
Company or its representatives for an assessment of such tax consequences. The Grantee
acknowledges that the Grantee has not relied and will not rely upon the Company or the
Company’s counsel with respect to any tax consequences related to the Restricted Stock Units
or the ownership, issuance, or disposition of the Shares to be issued in settlement of such
vested Restricted Stock Units. The Grantee assumes full responsibility for all personal tax
consequences associated with the Restricted Stock Units and the Shares.
	 
	10.	 	Withholding of Taxes. Notwithstanding any contrary provision of this Agreement, no
certificate representing the Shares will be issued to Grantee in settlement of vested
Restricted Stock Units unless and until the Grantee shall have delivered to the Company the
full amount of any federal, state, local or foreign income or other taxes which the Company
may be required by law to withhold with respect to the grant, vesting or issuance of Shares
pursuant to this Agreement. At the election of the Company, in its sole discretion and
pursuant to such procedures as it may specify from time to time, any federal, state, local or
foreign withholding taxes with respect to the settlement of the vested Restricted Stock Units
may be paid by (a) withholding otherwise deliverable Shares having a value equal to the
minimum amount statutorily required to be withheld, or (b) Grantee selling a sufficient number
of such Shares otherwise deliverable to Grantee through such means as the Plan Administrator
may determine in its sole discretion (whether through a broker designated by the Plan
Administrator or otherwise) equal to the amount required to be withheld.
	 
	11.	 	Assignment; Binding Effect. Subject to the limitations set forth in this Agreement, this
Agreement shall be binding upon and inure to the benefit of the executors, administrators,
heirs, legal representatives, and successors of the parties hereto; provided, however, that
except to the limited extent provided in Section 7, Grantee may not assign any of Grantee’s
rights under this Agreement.
	 
	12.	 	Damages. Grantee shall be liable to the Company for all costs and damages, including
incidental and consequential damages, resulting from a disposition of the Restricted Stock
Units which is not in conformity with the provisions of this Agreement.
	 
	13.	 	Governing Law. This Agreement shall be governed by, and construed in accordance with, the
laws of the State of Washington excluding those laws that direct the application of the laws
of another jurisdiction.
	 
	14.	 	Notices. All notices and other communications under this Agreement shall be in writing.
Unless and until the Grantee is notified in writing to the contrary, all notices,




 









 






	 	 	communications, and documents directed to the Company and related to the Agreement, if not
delivered by hand, shall be mailed, addressed as follows:





SNAPin Software, Inc.

411—108th Avenue, N.E., Suite 600

Bellevue, Washington 98004

Attention: Finance





Unless and until the Company is notified in writing to the contrary, all notices,
communications, and documents intended for the Grantee and related to this Agreement, if not
delivered by hand, shall be mailed to Grantee’s last known address as shown on the Company’s
books. Notices and communications shall be mailed by first class mail, postage prepaid;
documents shall be mailed by registered mail, return receipt requested, postage prepaid. All
mailings and deliveries related to the Agreement shall be deemed received when actually
received, if by hand delivery, and two business days after mailing, if by mail.




	15.	 	Arbitration. Any and all disputes or controversies arising out of this Agreement shall be
finally settled by arbitration conducted in King County in accordance with the then existing
rules of the American Arbitration Association, and judgment upon the award rendered by the
arbitrators may be entered in any court having jurisdiction thereof; provided that nothing in
this Section 15 shall prevent a party from applying to a court of competent jurisdiction to
obtain temporary relief pending resolution of the dispute through arbitration. The parties
hereby agree that service of any notices in the course of such arbitration at their respective
addresses as provided for in Section 14 shall be valid and sufficient.
	 
	16.	 	No Rights to Restricted Stock Units, Shares, Options or Employment. Other than with respect
to the Restricted Stock Units, neither Grantee nor any other person shall have any claim or
right to be issued Shares or to be granted an option under the Plan. Having received a grant
of Restricted Stock Units under the Plan shall not give the Grantee any right to receive any
other grant or option under the Plan. This grant of Restricted Stock Units is not an
employment contract and nothing in this grant of Restricted Stock Units shall be deemed to
create in any way whatsoever any obligation on Grantee’s part to continue in the employ of the
Company, or the Company to continue Grantee’s employment with the Company.
	 
	17.	 	Entire Agreement. Company and Grantee agree that this Agreement (including its attached
Exhibit) is the complete and exclusive statement between the Company and Grantee regarding its
subject matter and supersedes all prior proposals, communications, and agreements of the
parties, whether oral or written, regarding the grant of Restricted Stock Units to Grantee.






	18.	 	Additional Conditions to Issuance of Shares. If at any time the Company will determine, in
its discretion, that the listing, registration or qualification of the Shares




 









 












upon any securities exchange or under any state or federal law, or the consent or approval of any
governmental regulatory authority is necessary or desirable as a condition to the issuance of
Shares to the Grantee (or his or her estate), such issuance will not occur unless and until
such listing, registration, qualification, consent or approval will have been effected or
obtained free of any conditions not acceptable to the Company. Where the Company determines
that the delivery of the payment of any Shares will violate federal securities laws or other
applicable laws, the Company will defer delivery until the earliest date at which the Company
reasonably anticipates that the delivery of Shares will no longer cause such violation. The
Company will make all reasonable efforts to meet the requirements of any such state or federal
law or securities exchange and to obtain any such consent or approval of any such governmental
authority.




	19.	 	Administrator Authority. The Plan Administrator will have the power to interpret the Plan
and this Agreement and to adopt such rules for the administration, interpretation and
application of this Agreement as are consistent therewith and with the Plan. All actions
taken and all interpretations and determinations made by the Plan Administrator in good faith
will be final and binding upon the Grantee, the Company and all other interested persons. No
member of the Plan Administrator will be personally liable for any action, determination or
interpretation made in good faith with respect to the Plan or this Agreement.
	 
	20.	 	Captions. Captions provided herein are for convenience only and are not to serve as a basis
for interpretation or construction of this Agreement.
	 
	21.	 	Agreement Severable. In the event that any provision in this Agreement will be held invalid
or unenforceable, such provision will be severable from, and such invalidity or
unenforceability will not be construed to have any effect on, the remaining provisions of this
Agreement.
	 
	22.	 	Modifications to the Agreement. This Agreement constitutes the entire understanding of the
parties on the subjects covered. Grantee expressly warrants that he or she is not accepting
this Agreement in reliance on any promises, representations, or inducements other than those
contained herein. Modifications to this Agreement may only be made as set forth in the Plan.




 









 












IN WITNESS WHEREOF, the parties have executed this Agreement as of the date below.



	 	 	 	 	 
	 	SNAPin Software, Inc.

 	 
	 	By:  	
 	 
	 	 	Robert Lewis, President and Chief 	 
	 	 	Executive Officer 	 
	 
	 	
 	 
	 	Date 	 
	 	 	 
	 




     The Grantee hereby accepts and agrees to be bound by all of the terms and conditions of this
Agreement and the Plan.



	 	 	 	 	 
	 	 	 
	 	
 	 
	 	Grantee 	 
	 	 	 
	 	
 	 
	 	Date