Form of Restricted Stock Agreement for grants to executive officers



 Exhibit 10.2 
 Form of Restricted Stock Agreement—Executive Officers 
 HUGHES COMMUNICATIONS, INC.

 2006 EQUITY AND INCENTIVE PLAN 
 RESTRICTED STOCK AGREEMENT 
 This RESTRICTED STOCK AGREEMENT (this “Agreement”), dated as
of the      day of                 , 20    , is entered into by and between Hughes Communications, Inc., a Delaware corporation
(the “Company”), and
                                        (the
“Grantee” and, together with the Company, the “Parties”). 
 RECITALS 
 Pursuant to the Company’s 2006 Equity and Incentive Plan (the “Plan”), the Committee, as the administrator of the Plan, has determined to
grant to the Grantee restricted shares of Common Stock, on the terms and conditions set forth herein, and hereby grants such restricted shares. 
 Any capitalized terms not defined herein shall have their respective meanings set forth in the Plan. 
 NOW, THEREFORE, the Parties
hereto agree as follows: 
 1. Grant of Restricted Stock. The Grantee is entitled to
             shares of Common Stock pursuant to the terms and conditions of this Agreement (the “Restricted Stock”) granted effective as of
                    , (the “Date of Grant”), subject to the restrictions set forth below and the terms of this Agreement. The Grantee shall
not be required to pay any cash consideration in exchange for the Restricted Shares. 
 2. Restrictions and Restricted Period.

 (a) Restrictions. Shares of Restricted Stock granted hereunder may not be sold, assigned, transferred, pledged, hypothecated or
otherwise disposed of and shall be subject to a risk of forfeiture as described in Section 4 below until the lapse of the Restricted Period (as defined below). 
 (b) Restricted Period. The restrictions set forth above shall lapse and the shares of Restricted Stock shall become vested and transferable (provided, that such transfer is otherwise in accordance with federal
and state securities laws, and subject to Section 4(b)) as to 100% of the shares of Restricted Stock on the second anniversary of the Date of Grant (the “Restricted Period”). 
 3. Rights of a Stockholder. From and after the Date of Grant and for so long as the Restricted Stock is held by or for the benefit of the Grantee,
the Grantee shall have all the rights of a stockholder of the Company with respect to the 
  

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 Restricted Stock, including, but not limited to, the right to receive dividends and the right to vote such shares. If
there is any stock dividend, stock split or other change in character or amount of the Restricted Stock, then in such event, any and all new, substituted or additional securities to which Grantee is entitled by reason of the Restricted Stock shall
be immediately subject to the Restrictions with the same force and effect as the Restricted Stock subject to such Restrictions immediately before such event. 
 4. Cessation of Employment. 
 (a) Forfeiture. If the Grantee’s employment with the Company
is terminated by the Company for Cause (as such term is defined in the Grantee’s employment agreement with the Company) or if Grantee voluntarily terminates his employment with the Company, then the Restricted Stock, to the extent the
Restricted Period has not lapsed, shall be forfeited to the Company without payment of any consideration by the Company, and neither the Grantee nor any of his successors, heirs, assigns, or personal representatives shall thereafter have any further
rights or interests in such shares of Restricted Stock. 
 (b) Accelerated Vesting. If the Grantee’s employment is terminated by
the Company for reasons other than Cause (as such term is defined in the Grantee’s employment agreement with the Company), death or Disability, the Restricted Stock shall immediately vest in full, but the Company shall not be obligated to
deliver the Restricted Stock until the end of the Restricted Period. 
 5. Certificates. Restricted Stock granted herein may be
evidenced in such manner as the Committee shall determine. If certificates representing Restricted Stock are registered in the name of the Grantee, then the Company may retain physical possession of the certificate until the Restricted Period has
lapsed. 
 6. Legends. The Company may require, as a condition of the issuance and delivery of certificates evidencing Restricted
Stock pursuant to the terms hereof, that the certificates bear the legend as set forth immediately below, in addition to any other legends required under federal and state securities laws or as otherwise determined by the Committee. All certificates
representing any of the shares of Restricted Stock subject to the provisions of this Agreement shall have endorsed thereon the following legend: 
 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS UPON TRANSFER HELD BY THE ISSUER OR ITS ASSIGNEES(S) AS SET FORTH IN AN AGREEMENT BETWEEN THE COMPANY AND THE HOLDER OF THE SHARES, A COPY OF WHICH IS ON FILE AT
THE PRINCIPAL OFFICE OF THE COMPANY. 
  

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 Such legend shall not be removed until such shares vest pursuant to the terms hereof. 
 7. Taxes. The Grantee shall pay to the Company promptly upon request, at the time the Grantee recognizes taxable income in respect to the shares
of Restricted Stock, an amount equal to the federal, state and/or local taxes the Company determines it is required to withhold under applicable tax laws with respect to the shares of Restricted Stock. In lieu of collecting payment from the Grantee,
the Company may, in its discretion, distribute vested shares of Common Stock net of the number of whole shares of Common Stock the fair market value of which is equal to the minimum amount of federal, state and local taxes required to be withheld
under applicable tax laws. The Grantee understands that he (and not the Company) shall be responsible for any tax liability that may arise as a result of the transactions contemplated by this Agreement. 
 8. Miscellaneous. 
 (a)
Restrictions on Transfer. Shares of Restricted Stock may not be transferred or otherwise disposed of by the Grantee, including by way of sale, assignment, transfer, pledge, hypothecation or otherwise, except as permitted by the Committee, or
by will or the laws of descent and distribution. 
 (b) Compliance with Law and Regulations. The award and any obligation of the
Company hereunder shall be subject to all applicable federal, state and local laws, rules and regulations and to such approvals by any government or regulatory agency as may be required. Any purported transfer or sale of the shares of Common Stock
shall be subject to restrictions on transfer imposed by any applicable state and Federal securities laws. Any transferee shall hold such shares of Common Stock subject to all the provisions hereof and shall acknowledge the same by signing a copy of
this Agreement. 
 (c) Invalid Transfers. No purported sale, assignment, mortgage, hypothecation, transfer, pledge, encumbrance, gift,
transfer in trust (voting or other) or other disposition of, or creation of a security interest in or lien on, any of the shares of Restricted Stock by any holder thereof in violation of the provisions of this Restricted Stock Agreement shall be
valid, and the Company will not transfer any of said shares of Restricted Stock on its books or otherwise nor will any of said shares of Restricted Stock be entitled to vote, nor will any dividends be paid thereon, unless and until there has been
full compliance with said provisions to the satisfaction of the Company. The foregoing restrictions are in addition to and not in lieu of any other remedies, legal or equitable, available to enforce said provisions. 
 (d) Incorporation of Plan. This Agreement is made under the provisions of the Plan (which is incorporated herein by reference) and shall be
interpreted in a manner consistent with it. To the extent that this Agreement is 
  

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 silent with respect to, or in any way inconsistent with, the terms of the Plan, the provisions of the Plan shall govern
and this Restricted Stock Agreement shall be deemed to be modified accordingly. 
 (e) Notices. Any notices required or permitted
hereunder shall be addressed to the Company, at its principal offices, or to the Grantee at the address then on record with the Company, as the case may be, and deposited, postage prepaid, in the United States mail. Either party may, by notice to
the other given in the manner aforesaid, change his or its address for future notices. 
 (f) Successor. This Agreement shall bind and
inure to the benefit of the Company, its successors and assigns, and the Grantee and his or her personal representatives and beneficiaries. 
 (g) Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware. 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 Grantee and his legal representative in respect of any questions arising under the Plan or this Agreement. 
 (h) Amendment. This Agreement may be amended or modified by the Company at any time; provided that notice is provided to the Grantee in accordance
with Section 8(e); and provided further that no amendment or modification that is adverse to the rights of the Grantee as provided by this Agreement shall be effective unless set forth in a writing signed by the Parties. 
  

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 IN WITNESS WHEREOF, the Parties have executed this Agreement on the day and year first above written.

  

			
	HUGHES COMMUNICATIONS INC.
		
	By	 	  

	Name:	 	
	Title:	 	

 The undersigned hereby accepts and agrees to all the terms and provisions of the foregoing Agreement. 

 

	
	  
 [Grantee]


 Address: