EX-10.2






EHHIBIT 10.2




RESTRICTED STOCK AWARD




	 	 	 
	Name: Ernie Ortega	 	Cogent Communications Group, Inc.
	Grant Date: August 1, 2013

	 	2004 Incentive Award Plan (the “Plan”)
	 

	 	 






1. Grant: Effective as of the Grant Date specified above you have been granted 40,000 (forty
thousand) shares of common stock $.001 par value (the “Restricted Stock”) of Cogent Communications
Group, Inc. (the “Company”) subject to the vesting requirement described below.



2. Normal Vesting: You will become vested in 25% of the shares of Restricted Stock on August 1,
2014 and in an additional 6.25% of the shares of Restricted Stock on the 1st day of November,
February, May, and August thereafter, with full vesting on the 12th quarter thereafter.



3. Accelerated Vesting: Notwithstanding the foregoing, you will become fully vested upon the
termination of your employment by reason of death or disability. You will also become fully vested
upon a Change of Control (even without termination of employment). If the accelerated
vesting is due to a Change of Control the number the shares that vest in such event shall be
limited to the number shares that when multiplied by the closing price of the Company’s common
stock on August 1, 2013 yield a dollar value not in excess of three times your annual compensation
on the date of the Change of Control. If the acceleration of vesting due to a Change of Control
would trigger the excise tax provided for in Section 280G and 4999 of the U.S. Internal Revenue
Code such vesting shall be delayed by a time sufficient to not trigger the excise tax. The shares
for which vesting accelerates shall be allocated from the last shares to vest and the remaining
unvested shares shall continue to vest under the normal vesting rule. Upon termination of
employment other than as provided above you will forfeit any unvested shares of Restricted Stock
that have not vested by the end of your severance period, i.e. you continue vesting during your
severance period and lose the remaining unvested shares. Your severance period is the number of
months compensation specified in your employment agreement for use in calculating your severance,
e.g. 3 months. Change of Control has the meaning set forth in the Plan. Annual compensation means
your average compensation as calculated for U.S. income tax purposes for the last three complete
calendar years.



4. Nontransferable: The Restricted Stock or any interest or right therein or part thereof may not
be disposed of by transfer, alienation, anticipation, pledge, hypothecation, encumbrance,
assignment or any other means, whether such disposition be voluntary or involuntary or by operation
of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings
(including bankruptcy), until vested, and any attempted disposition prior thereto shall be null and
void and of no effect. The foregoing notwithstanding, transfers of the Restricted Stock may be
permitted for estate planning purposes with the prior written consent of the Compensation Committee
and subject in each case to the provisions of the Plan and the same restrictions and forfeiture
provisions under this Agreement that the Restricted Stock had in your hands.



5. Dividends/Voting: You will be entitled to vote the shares of Restricted Stock. However, you
will only be entitled to receive any dividends that are paid on shares of the Restricted Stock once
they are vested. Any dividends paid on unvested shares of Restricted Stock shall be held by the
Company, without interest thereon and paid to you at the time the shares of Restricted Stock on
which such dividends were paid vest.



6. Certificates: The Company shall cause the Restricted Stock to be issued and a stock
certificate or certificates representing the Restricted Stock to be registered in your name or held
in book entry form, but if a stock certificate or certificates are issued, they shall be delivered
to, and held in custody by the Company until the shares of Restricted Stock vest. You agree to
give to the Company a stock power for all unvested shares of Restricted Stock. If issued, each
such certificate will bear such legends as the Company may determine.



7. No Other Rights: The grant of Restricted Stock under the Plan is a one-time benefit and does
not create any contractual or other right to receive an award of Restricted Stock or benefits in
lieu of Restricted Stock in the future. Future awards of Restricted Stock, if any, will be at the
sole discretion of the Company, including, but not limited to, the timing of the award, the number
of shares and vesting provisions. The grant of Restricted Stock under the Plan does not entitle
you to any rights to remain employed with the Company, nor does it constitute a contract of
employment.



8. Miscellaneous: The shares of Restricted Stock are granted under and governed by the terms and
conditions of the Plan, as may be amended from time to time. Defined terms used herein shall have
the meaning set forth in the Plan, unless otherwise defined herein.



Cogent Communications Group, Inc.



/s/David Schaeffer


by: Dave Schaeffer

Chief Executive Officer