Exhibit 10.13.3


 


RESTRICTED STOCK GRANT
AGREEMENT (2012)


 


THIS
AGREEMENT, made as of February 14, 2012 (the “Grant Date”), between MDC Partners Inc., a Canadian corporation
(the “Corporation”), and _______ (the “Grantee”).


 


WHEREAS,
the Corporation has adopted the 2011 Stock Incentive Plan (the “Plan”) for the purpose of providing employees
and consultants of the Corporation and eligible non-employee directors of the Corporation’s Board of Directors a proprietary
interest in pursuing the long-term growth, profitability and financial success of the Corporation (except as otherwise expressly
set forth herein, capitalized terms used in this Agreement shall have the definitions set forth in the Plan).


 


WHEREAS,
the Human Resources & Compensation Committee (the “Committee”) of the Board of Directors has determined
that it is in the best interests of the Corporation to make the award set forth herein, which award will vest on the third anniversary
of the date hereof, subject to accelerated vesting upon achievement by the Corporation of specified financial growth targets during
the calendar years 2012 – 2013.


 


WHEREAS,
pursuant to the Plan, the Committee has determined to grant an Other Stock-Based Award to the Grantee in the form of shares of
Class A subordinate voting shares, subject to the terms, conditions and limitations provided herein, including achievement of financial
performance targets, and in the Plan (the “Restricted Stock”);


 


NOW, THEREFORE,
the parties hereto agree as follows:


 


1.            Grant
of Restricted Stock.


 


1.1          The
Corporation hereby grants to the Grantee, on the terms and conditions set forth in this Agreement, the number of shares of Restricted
Stock set forth under the Grantee's name on the signature page hereto (the “2012 Restricted Stock Award”).


 


1.2          The
Grantee's rights with respect to all the shares of Restricted Stock underlying the 2012 Restricted Stock Award shall not vest and
will remain forfeitable at all times prior to the Vesting Date (as defined below). At any time, reference to the 2012 Restricted
Stock Award shall be deemed to be a reference to the Restricted Shares granted under Section 1.1 that have neither vested nor been
forfeited pursuant to the terms of this Agreement.


 


1.3          This
Agreement shall be construed in accordance with, and subject to, the terms of the Plan (the provisions of which are incorporated
herein by reference).


 


2.            Rights
of Grantee.


 


Except as
otherwise provided in this Agreement, the Grantee shall be entitled, at all times on and after the Grant Date, to exercise all
rights of a shareholder with respect to the 2012 Restricted Stock Award, including the right to vote the shares of Restricted Stock.
Prior to the Vesting Date, the Grantee shall not be entitled to transfer, sell, pledge, hypothecate or assign any portion of the
2012 Restricted Stock Award (collectively, the “Transfer Restrictions”).


 



    	 



    	 



    

  


3.            Vesting;
Lapse of Restrictions.


 


3.1           The
Transfer Restrictions with respect to all the shares of Restricted Stock granted under this Agreement shall lapse on the third
(3rd) anniversary of the Grant Date (the “Vesting Date”), provided the Grantee continues to be serving as an
employee of the Corporation until such Vesting Date; provided, further, that the Transfer Restrictions with respect
to all the shares of Restricted Stock shall lapse, if sooner, on the date of any one of the following “Permitted Acceleration
Events”: (i) the occurrence of a Change in Control (as defined in the Plan); (ii) the Grantee’s employment is terminated
by the Corporation (other than for “cause”), or by the employee for “good reason” (as each such term may
be defined in the Grantee’s underlying employment agreement); (iii) the Grantee’s death or disability; or (iv) achievement
by the Corporation of the financial performance measure(s) set forth in Section 3.3 herein. In no event shall the Grantee be vested
or otherwise entitled to more than one hundred percent (100%) of the shares of Restricted Stock granted pursuant to section 1.1
above.


 


3.2    Notwithstanding
anything in this Agreement to the contrary, upon the resignation or termination of Grantee as an executive of the Corporation for
cause (other than due to a Permitted Acceleration Event), all shares of Restricted Stock in respect of which the Transfer Restrictions
have not previously lapsed in accordance with Section 3.1 hereof shall be forfeited and automatically transferred to and reacquired
by the Corporation at no cost to the Corporation, and neither the Grantee nor any heirs, executors, administrators or successors
of such Grantee shall thereafter have any right or interest in such shares of Restricted Stock.


 


3.3           For
purposes of the foregoing, the following terms shall have the following meanings:


 


(a)
           “2012-2013 Performance
Measures” means the achievement by the Corporation of EBITDA in the following amounts during the specified Performance
Period (as defined in the Plan):


 


(i)          2012
Target. In the event that the Corporation achieves EBITDA for the twelve-months ended December 31, 2012, in an amount equal
to not less than the product of 2011 EBITDA (as defined below) multiplied by 1.05 (the “2012 Target”), then
50% of the 2012 Restricted Stock Award will vest on March 1, 2013.


 


(ii)         2012/2013
Cumulative Target. In the event that the Corporation achieves EBITDA for the two (2) years ended December 31, 2013, in an amount
equal to not less than the sum of (i) the 2012 Target, plus (ii) the product of the 2012 Target multiplied by 1.10 (such sum, the
“2012/2013 Cumulative Target”), then 100% of the 2012 Restricted Stock Award will vest on March 1, 2014 (but
only to the extent not previously vested).


 


(iii)        2012
Restricted Stock Award Limit. In no event shall the Grantee be vested or otherwise entitled to more than one hundred percent
(100%) of the shares of Restricted Stock granted as part of the 2012 Restricted Stock Award pursuant to section 1.1 above.


  



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(b)          “Cause”
means the Grantee’s termination by reason of (i) his/her continued or willful failure substantially
to perform his/her duties for the Corporation, (ii) his/her willful and serious misconduct in connection with the performance of
his/her duties for the Corporation, (iii) the Grantee’s conviction of, or entering a plea of guilty or nolo contendere
to, a crime that constitutes a felony or a crime involving moral turpitude, (iv) his/her fraudulent or dishonest conduct or (v)
his/her material breach of any of his/her obligations or covenants under any written policies of the Corporation or any written
agreement between such Grantee and the Corporation.


 


(c)          “Change
in Control” shall have the meaning set forth in Section 2(b) of the Plan, provided that the reference to “twenty-five
percent (25%) or more of the combined voting power of MDC's then outstanding voting securities”
in Section 2(b)(i) of the Plan shall, for purposes of this 2012 Restricted Stock Award, be amended to read “fifty
percent (50%) or more of the combined voting power of MDC's then outstanding voting securities”;
and, provided further, that the reference in Section 2(b)(iii)(A)(III)(3) to “twenty five percent (25%) or more of the combined
voting power of the Surviving Corporation’s voting securities outstanding immediately following such transaction” shall,
for purposes of this 2012 Restricted Stock Award, be amended to read “fifty percent (50%) or more of the combined voting
power of the Surviving Corporation’s voting securities outstanding immediately following such transaction”.


 


(d)          “Disability”
shall mean a mental or physical condition of the Grantee rendering him unable to perform his/her duties for the Corporation for
a period of six (6) consecutive months or for 180 days within any consecutive 365-day period and which is reasonably expected to
continue indefinitely; provided that if, as of the date of determination, the Grantee is a party to an effective employment
agreement with a different definition of “Disability” or any derivation of such term, the
definition of “Disability” (or its derivation) contained in such employment agreement shall be substituted for the
definition set forth above for all purposes hereunder.


 


(e)          “EBITDA”
shall mean the Corporation’s share of consolidated earnings before interest, taxes, depreciation and amortization, plus any
non-cash charges for stock-based compensation which were deducted in the calculation of EBITDA.


 


(f)          “2011
EBITDA” shall mean the Corporation’s EBITDA for the year ended December 31, 2011, as determined by the Compensation
Committee following completion of Corporation’s audited financial statements for the year ended December 31, 2011.


 


4.            Escrow
and Delivery of Shares.


 


4.1 Certificates (or an electronic
"book entry" on the books of the Corporation's stock transfer agent) representing the shares of Restricted Stock shall
be issued and held by the Corporation (or its stock transfer agent) in escrow (together with any stock transfer powers which the
Corporation may request of Grantee) and shall remain in the custody of the Corporation (or its stock transfer agent) until (i)
their delivery to the Grantee as set forth in Section 4.2 hereof, or (ii) their forfeiture and transfer to the Corporation as set
forth in Section 3.2 hereof. The appointment of an independent escrow agent shall not be required.


 



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4.2          (a)      Certificates
(or an electronic "book entry") representing those shares of Restricted Stock in respect of which the Transfer Restrictions
have lapsed pursuant to Section 3.1 hereof shall be delivered to the Grantee as soon as practicable following the Vesting Date.


 


(b)      The
Grantee, or the executors or administrators of the Grantee's estate, as the case may be, may receive, hold, sell or otherwise dispose
of those shares of Restricted Stock delivered to him or her pursuant to this Section 4.2 free and clear of the Transfer Restrictions,
but subject to compliance with all federal and state securities laws.


 


4.3          (a)      Each
stock certificate issued pursuant to Section 4.1 shall bear a legend in substantially the following form:


 


This
certificate and the shares of stock represented hereby are subject to the terms and conditions applicable to Restricted Stock contained
in the 2011 Stock Incentive Plan (the "Plan") and a Restricted Stock Agreement (the "Agreement") between the
Corporation and the registered owner of the shares represented hereby. Release from such terms and conditions shall be made only
in accordance with the provisions of the Plan(s) and the Agreement, copies of which are on file in the office of the Secretary
of the Corporation.


 


(b)       As
soon as practicable following a Vesting Date, the Corporation shall issue a new certificate (or electronic "book entry")
for shares of the Restricted Stock which have become non-forfeitable in relation to such Vesting Date, which new certificate (or
electronic "book entry") shall not bear the legend set forth in paragraph (a) of this Section 4.3 and shall be delivered
in accordance with Section 4.2 hereof.


 


5.          Dividends.
All dividends declared and paid by the Corporation on shares underlying the 2012 Restricted Stock Award shall be deferred until
the lapsing of the Transfer Restrictions pursuant to Section 3.1 and shall be distributed only to the extent the underlying shares
of Restricted Stock vest and are distributed in accordance with Section 3. The deferred dividends shall be held by the Corporation
for the account of the Grantee until the Vesting Date, at which time the dividends, with no interest thereon, shall be paid to
the Grantee or her/his estate, as the case may be. Upon the forfeiture of the shares of Restricted Stock pursuant to Section 3,
any deferred dividends shall also be forfeited to the Corporation.


 


6.          No
Right to Continued Retention. Nothing in this Agreement or the Plan shall be interpreted or construed to confer upon the
Grantee any right with respect to continuance as an employee, nor shall this Agreement or the Plan interfere in any way with the
right of the Corporation to terminate the Grantee's service as an employee at any time.


 


7.          Adjustments
Upon Change in Capitalization. If, by operation of Section 10 of the Plan, the Grantee shall be entitled to new, additional
or different shares of stock or securities of the Corporation or any successor corporation or entity or other property, such new,
additional or different shares or other property shall thereupon be subject to all of the conditions and restrictions which were
applicable to the shares of Restricted Stock immediately prior to the event and/or transaction that gave rise to the operation
of Section 10 of the Plan.


 



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8.          Modification
of Agreement; Adjustment of Performance Measures by the Committee. Except as set forth in the Plan and herein, this Agreement
may be modified, amended, suspended or terminated, and any terms or conditions may be waived, but only by a written instrument
executed by the parties hereto. Notwithstanding the foregoing, the Committee shall adjust the 2012-2013 Performance Measures in
the event that the Corporation acquires or disposes any material assets or business.


 


9.          Severability.
Should any provision of this Agreement be held by a court of competent jurisdiction to be unenforceable or invalid for any reason,
the remaining provisions of this Agreement shall not be affected by such holding and shall continue in full force and effect in
accordance with their terms.


 


10.        Governing
Law. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the
State of New York without regard to its conflict of laws principle, except to the extent that the application of New York law would
result in a violation of the Canadian Business Corporation Act.


 


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11.         Successors
in Interest. This Agreement shall inure to the benefit of and be binding upon any successor to the Corporation. This Agreement
shall inure to the benefit of the Grantee's heirs, executors, administrators and successors. All obligations imposed upon the Grantee
and all rights granted to the Corporation under this Agreement shall be binding upon the Grantee's heirs, executors, administrators
and successors.


 








	MDC PARTNERS INC.	 
	 	 
	By:	 	 
	Name:   Michael Sabatino	 
	Title:     Chief Accounting Officer	 
	 	 
	MDC PARTNERS INC.	 
	 	 
	By:	 	 
	Name:  Mitchell Gendel	 
	Title:    General Counsel	 
	 	 
	GRANTEE: ___________	 
	 	 
	By:	 	 
	Name:	 
	 	 
	Number of Shares of Restricted	 
	Stock Hereby Granted: ___________	 







 



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