exv10w11w3



 






EXHIBIT 10.11.3




TRINITY INDUSTRIES, INC.




RESTRICTED STOCK GRANT AGREEMENT



THIS RESTRICTED STOCK GRANT AGREEMENT (the “Agreement”), by and between TRINITY INDUSTRIES,
INC. (hereinafter called the “Company”) and ___(hereinafter called the “Grantee”);




WITNESSETH:



WHEREAS, the Grantee complies with the requirements of eligibility for the award of Restricted
stock under the Trinity Industries, Inc. 2004 Stock Option and Incentive Plan (the “Plan”); and



WHEREAS, the Company has determined to award to the Grantee ___(___) shares of
Common Stock of the Company, subject to the terms and conditions hereinafter set forth, as a
retention incentive, to encourage a sense of proprietorship by the Grantee and to stimulate the
active interest of the Grantee in promoting the development, growth, performance and financial
success of the Company by affording the Grantee an opportunity to obtain an increased proprietary
interest in the Company so as to assure a closer identification between the Grantee’s interest and
the interest of the Company;



NOW, THEREFORE, in consideration of the premises and the covenants and agreements herein contained,
the parties hereto agree as follows:



1. Grant of Restricted Shares.



Subject to the terms and conditions of the Plan, this Agreement and the restrictions set forth
below, the Company hereby grants to the Grantee the total number of shares of common stock of the
Company set forth above (the “Restricted Shares”).



2. Shareholder Status.



Effective upon the date of grant, Grantee has become the holder of record of the Restricted Shares
and has all rights of a stockholder with respect to the Restricted Shares, including the right to
vote the Restricted Shares and the right to receive all dividends paid with respect to the
Restricted Shares, subject to the terms and conditions set forth in this Agreement.




 









 







3. Restrictions.



The Restricted Shares may not be sold, assigned, transferred, pledged or otherwise disposed of or
encumbered (the “Restrictions on Transferability”) until the Restrictions on Transferability shall
lapse. The Restrictions on Transferability shall lapse upon the first to occur of the following:





	 	(i)  	4 years from grant for 33 1/3% of the Restricted Shares;
	 
	 	(ii)  	6 years from grant for 33 1/3% of the Restricted Shares;
	 
	 	(iii)  	8 years from grant for 33 1/3% of the Restricted Shares;
	 
	 	(iv)  	Retirement as defined in the Plan;
	 
	 	(v)  	death;
	 
	 	(vi)  	Disability as defined in the Plan;
	 
	 	(vii)  	a Change in Control as defined in the Plan; or
	 
	 	(viii)  	the consent, at any time after three years from the date of this grant, to the
removal of the restrictions by the Human Resources Committee in its sole discretion.




All of the Restricted Shares shall be forfeited by the Grantee to the Company if prior to the lapse
of the Restrictions on Transferability the Grantee’s employment with the Company terminates for any
reason other than death, disability or retirement under the Trinity Standard Pension Plan or as
provided by paragraph 7 hereof. Upon forfeiture, the Company shall have all right, title and
interest in the Restricted Shares and the Grantee shall have no further right, title or interest
therein. Until the Restrictions on Transferability shall lapse, the certificates representing the
Restricted Shares shall bear a legend giving notice of such restrictions as follows:





THE SHARES REPRESENTED BY THIS CERTIFICATE ARE RESTRICTED PURSUANT TO A
RESTRICTED STOCK GRANT AGREEMENT DATED AS OF ___, 2004, AND MAY
NOT BE SOLD, ASSIGNED, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF OR
ENCUMBERED AT ANYTIME WITHOUT THE PRIOR WRITTEN APPROVAL OF THE COMPANY.


Upon the lapse of the Restrictions on Transferability with respect to any of the Restricted Shares,
a certificate representing such shares and without the restrictive legend noted above shall be
delivered to Grantee or Grantee’s personal representative, provided that the Grantee or Grantee’s
personal representative has made appropriate arrangements with the Company for applicable taxes
which are required to be withheld under federal, state or local law or the tax withholding
requirement has otherwise been satisfied. The Grantee may elect, in accordance with Company policy
in effect at the time, to pay in shares of Common Stock of the Company a portion or all of the
amount of the federal, state or local, income or other taxes required by law to be withheld in




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connection with the lapse of Restrictions on Transferability. To make such election the Grantee
shall authorize the Company to withhold, on or about the date such withholding tax liability is
determinable, a portion of the shares that were or otherwise would be distributed to the Grantee
upon the lapse of Restrictions on Transferability having a fair market value equal to the amount of
such required withholding taxes that the Grantee elects to pay in shares.



4. No Rights of Continued Service.



Nothing herein shall confer upon Grantee any right to remain an officer or employee of the Company
or one of its Subsidiaries, and nothing herein shall be construed in any manner to interfere in any
way with the right of the Company or its Subsidiaries to terminate the Grantee’s service at any
time.



5. Interpretation of this Agreement.



The administration of the Company’s Plan has been vested in the Plan Committee of the Board of
Directors, and all questions of interpretation and application of this grant shall be subject to
determination by a majority of the members of the Committee, which determination shall be final and
binding on Grantee.



6. Subject to Plan.



The Restricted Shares are granted subject to the terms and provisions of the Plan of the Company,
which plan is incorporated herein by reference. In case of any conflict between this Agreement and
the Plan, the terms and provisions of the Plan shall be controlling.



7. Confidentiality



This Restricted Stock Grant is to be treated as STRICTLY CONFIDENTIAL. A Grantee who shares
information regarding this Restricted Stock Grant with other employees or outside persons, other
than as required to comply with applicable laws or as necessary to manage his or her personal
finances, is subject to his or her rights hereunder being forfeited upon a determination by the
Human Resources Committee that the Grantee has violated this paragraph.



8. Acceptance and Stock Power.



The grant of the Restricted Shares under this Agreement is subject to and conditioned upon:
(i) Grantee’s acceptance of the terms hereof by the return of an executed copy of this Agreement to
the Company and (ii) delivery of an executed stock power in the attached form.




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DATED as of the
___day of September, 2004.




	 	 	 
	

	 	TRINITY INDUSTRIES, INC.
	 
	 	 
	

	 	

	

	 	NAME:
	

	 	TITLE:
	 
	 	 
	

	 	GRANTEE
	 
	 	 
	

	 	

	

	 	NAME:






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IRREVOCABLE STOCK POWER



FOR VALUE RECEIVED, the undersigned does hereby sell, assign and transfer, to Trinity Industries,
Inc., ___(___) shares of the common stock of Trinity Industries, Inc. awarded to
the undersigned and for which restrictions have not lapsed pursuant to a Restricted Stock Grant
Agreement dated as of September 8, 2004 represented by certificate No(s). ___for ___
shares standing in the name of the undersigned on the books of said Company.




	 	 	 
	


	 	

	DATE

	 	NAME