EX-10.1



 







Exhibit 10.1




GIBRALTAR INDUSTRIES, INC.




2005 EQUITY INCENTIVE PLAN




 






Award of Restricted Stock




 






     THIS AWARD made to                                          (the “Recipient”) as of this ___day of May, 2006.



Recitals:




     Effective as of April 1, 2005, Gibraltar Industries, Inc. (the “Company”) adopted an equity
based incentive compensation plan known as the Gibraltar Industries, Inc. 2005 Equity Incentive
Plan (the “Plan”).



     The Compensation Committee has recommended to the Board of Directors that the Company grant an
award of Restricted Stock to the Recipient under the terms of the Plan.



     In connection with the recommendation of the Compensation Committee described above, on
February 16, 2006, the Board of Directors approved the granting of an Award of One Thousand (1,000)
Shares of Restricted Stock to the Recipient.



     The Plan provides that the terms and conditions of each Award are to be specified in a written
instrument.



     The Compensation Committee has recommended and the Board of Directors has approved, the
issuance of an Award of Restricted Stock to the Recipient on the terms and conditions contained in
this instrument.



Grant of Award:




     NOW, THEREFORE, the Company hereby grants to the Recipient, One Thousand (1,000) Shares of
Restricted Stock on the following terms and conditions:



     1. Award
of Restricted Stock. Subject to the terms and conditions of this Award
instrument (“Instrument”), the Recipient is hereby granted an Award of One Thousand (1,000) Shares
of Restricted Stock. Any reference in this Instrument to Restricted Stock shall be deemed to refer
only to the Restricted Stock granted pursuant to the Award reflected in this Instrument together
with any additional Shares of Restricted Stock credited to the Recipient with respect to the
Restricted Stock referred to above pursuant to the anti-dilution provisions of the Plan.



     2. Restriction on Transfer. Except as set forth in Sections 3 and 4 below, the
Restricted Stock shall be subject to the Restrictions on transfer set forth in Section 5.02 of the
Plan.



 









 





     3. Lapse of Restrictions; Expiration of Restricted Period. The Restrictions shall
lapse with respect to the Restricted Stock awarded by this Instrument and the Restricted Period
shall expire with respect to the total number of Shares of Restricted Stock which have been awarded
to the Recipient pursuant to this Instrument on the earliest to occur of: (a) the third
(3rd) anniversary of the date hereof; (b) the date the Recipient retires from his
position as a member of the Company’s Board of Directors; (c) the date of the Recipient’s death;
and (d) the date it is determined that the Recipient suffers from a Disability.



     4. Lapse of Restrictions Upon a Change in Control. As provided for by Article 9 of
the Plan, upon the occurrence of a Change in Control, the Restrictions applicable to the Shares of
Restricted Stock awarded to the Recipient pursuant to this Instrument shall lapse on the date the
Change in Control occurs.



     5. Form of Payment. Except as otherwise provided by Article 9 of the Plan, upon the
lapse of the Restrictions on the Shares of Restricted Stock awarded pursuant to this Instrument,
the Company shall issue to the Recipient a stock certificate representing the number of Shares of
Common Stock represented by the Restricted Stock with respect to which the Restrictions have
lapsed, together with cash equal to the Fair Market Value, determined as of the date the
Restrictions have lapsed, of any fractional Shares of Restricted Stock as to which the Restrictions
have lapsed.



     6. Applicability of the Plan. Except as otherwise provided by this Instrument, the
terms of the Plan shall apply to the Award described in this Instrument and the rights of the
Recipient with respect to such Award. This Instrument, together with the Plan, contains all the
terms and conditions of the Award described herein and the rights of the Recipient with respect to
such Award.



     7. Notices. Any notices or other communications given in connection with this
Agreement shall be mailed, and shall be sent by registered or certified mail, return receipt
requested, to the indicated address as follows:



	 	 	 	 	 
	 

	 	If to the Company:
	 	 
	 
	 	 	 	 
	 

	 	Gibraltar Industries, Inc.	 	 
	 

	 	3556 Lake Shore Road	 	 
	 

	 	P.O. Box 2028	 	 
	 

	 	Buffalo, New York 14219	 	 
	 

	 	Attn: Corporate Secretary	 	 
	 
	 	 	 	 
	 

	 	If to the Recipient:	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	 





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or to such changed address as to which either party has given notice to the other party in
accordance with this Section 7. All notices shall be deemed given when so mailed, except that a
notice of a change of address shall be deemed given when received.




     8. Defined Terms. Capitalized terms used but not otherwise defined herein shall have
the meaning provided to such terms by the Plan.



     IN WITNESS WHEREOF, the parties hereto have executed this Agreement on and as of the day and
year first set forth above.



	 	 	 	 	 
	 	GIBRALTAR INDUSTRIES, INC.

 	 
	 	By:  	 
	 




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