exv10w1



 







For Non-Employee Directors




Exhibit 10.1




PEOPLESUPPORT, INC.

2004 STOCK INCENTIVE PLAN




RESTRICTED STOCK UNITS AGREEMENT




[INSERT GRANTEE NAME]

c/o 1100 Glendon Avenue, Suite 1250

Los Angeles, CA 90024


PeopleSupport, Inc. (the “Company”) has granted you the number of Restricted Stock Units set forth
below under this stock award (“Award”) under the PeopleSupport, Inc. 2004 Stock Incentive Plan (the
“Plan”), subject to the following terms. Each of the capitalized terms herein shall have the
meaning given it by the Plan except if the context of such term clearly assumes a different
meaning.




	 	 	 
	 	 	Number of Restricted Stock Units
	Date of Grant	 	Covered By this Award
	October 20, 2005

	 	Six Hundred Fifty (650)






     1. Grant of Award. The Company has granted you the above-listed number of Restricted
Stock Units (which is the right to receive one share of the common stock of the Company (“Common
Stock”) for each one of the Restricted Stock Units), subject to provisions of this Agreement and
the Plan.



     2. Distribution of Shares of Common Stock Subject to Vesting. You will be issued one share of
the Common Stock for each of the Restricted Stock Units that becomes vested subject to the
following vesting schedule: All of Restricted Stock Units will become vested in full on the one
year anniversary of the above Date of Grant of this Award provided that you have remained in
continuous service on the Board of Directors of the Company from the above Date of Grant through
such date or die or become disabled (as determined by the Board of Directors of the Company during
such time period).



     3. Term of Award. The Award shall have a term beginning on the commencement of the
Performance Period and ending on October 20, 2006, with the settlement of the Award if vested or
the expiration of the Award if not vested.



     4. Distribution of Shares of Common Stock. Shares of Common Stock shall be issued as soon
as administratively practicable following the time that Restricted Stock Units become vested but
not later than two and one-half months or such shorter period of time to qualify for an exemption
from the application of Section 409A of the Internal Revenue Code.



     5. Transfer of Award. This Award
shall not be transferable, except by will
or the laws of descent and distribution, provided that any such transfer shall be subject to



 









 







the terms of this Agreement and the Plan. Any other attempt to transfer or dispose of the
Restricted Stock Units shall be null and void and unenforceable.



     6. Plan Terms Govern. The grant of this Award and the settlement of earned Restricted Stock
Units are subject to the provisions of the Plan and any rules that the Committee may prescribe. In
the event of any conflict between the terms of the Plan and the terms of this Agreement, the terms
of the Plan shall control.



     7. Limitations. Nothing in this Agreement or the Plan shall be construed to give you any
right to continue in the employ of the Company or any of its Affiliates or to interfere in any way
with the right of the Company or any of its Affiliates to terminate your employment at any time.
The distribution of any Common Stock in settlement of the vested Restricted Stock Units is not
secured by a trust, insurance contract or other funding medium, and you shall not have any interest
in any fund or specific asset of the Company by reason of this Award or the bookkeeping account
established on your behalf.



     8. Tax Withholding. The settlement of your vested Restricted Stock Units, if any, shall be
subject to applicable tax withholdings. As a condition of this Award and the settlement of the
vested Restricted Stock Units hereunder, you may be required to make arrangements with the Company for the
withholding and payment of any applicable income taxes.



     9. Severability. The invalidity or unenforceability of any provision of this Agreement shall
not affect the validity or enforceability of the other provisions of this Agreement which shall
remain in full force and effect. Moreover, if any provision is found to be excessively broad in
duration, scope or covered activity, the provision shall be construed so as to be enforceable to
the maximum extent consistent with applicable law.



     10. Compliance with Applicable Laws, Regulations and Rules and the Company’s Policies. In
accepting the Award, you agree to comply with all applicable laws, regulations and rules of
governing state and federal governmental agencies as well as the applicable regulations and rules
of any stock exchange on which the securities of the Company are traded, and any policies as now or
hereafter established by the Company, with regard to the Award. You acknowledge and agree that you
may be required to disgorge any and all gains and payments under the Award to the extent required
by applicable laws, stock exchange regulations and rules, and the policies of the Company. This
Award shall be construed and administered as necessary to qualify for an exemption from the
application of Section 409A of the Internal Revenue Code. This Award is granted under and
governed by the terms and conditions of this Restricted Stock Units Agreement and the Plan, a copy
of which is attached and made a part of this instrument.



	 	 	 
	 

	 	PEOPLESUPPORT, INC.
	 
	 	 
	 
	 	 
	 

	 	 
	 

	 	Signature
	 
	 	 
	 

	 	 
	 

	 	Name
	 
	 	 
	 

	 	 
	 

	 	Title






 









 






EXHIBIT A




PEOPLESUPPORT, INC.

2004 STOCK INCENTIVE PLAN




PLAN DOCUMENT