Document:

Exhibit 10.1

RESCISSION AGREEMENT

THIS RESCISSION
AGREEMENT (this “Agreement”) is entered into effective as of
August 15, 2011 (the "Effective Date”), by and between Prospect Global Resources Inc., a Nevada corporation (“PGRI”), and Marc Holtzman, individually (“Holtzman”).

RECITALS:

A.  Effective
as of April 21, 2011 PGRI granted Holtzman 150,000 shares (the
“Grant”) of its common stock as compensation for services to
be rendered to PGRI as a director,

B.  The parties
now desire to rescind and terminate the Grant and restore the parties to the
position they enjoyed prior to the Grant.

AGREEMENT:

For good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

1.  Rescission. The parties hereto hereby rescind
and terminate the Grant (the “Rescission”), effective as of
the Effective Date.

2.  Acknowledgement. PGRI and Holtzman each hereby
agree and acknowledge that upon the execution of this Agreement the Grant is
null and void and Holtzman has no ownership or other interest in the shares
subject to the Grant.

3.  Tax
Treatment. For federal and state income tax purposes, the Rescission shall
be deemed an actual rescission of the Grant effectuated within the same tax
year in which the Grant was made.

4.  No
Obligations. PRGI and Holtzman and any other party related thereto or
controlled thereby, wholly or in part, directly or indirectly, hereby
acknowledge and agree, subject to the provisions of this Agreement, that
effective at and as of the Effective Date, none of PGRI and Holtzman and any
other party related thereto or controlled thereby, wholly or in part, directly
or indirectly, shall have any further obligations to each other pursuant to or
arising directly or indirectly from the Grant or from any other agreement and
understanding whether written or oral relating to the subject matter of the
Grant.

5.  Release. Effective at and as of the Effective
Date, PGRI and Holtzman and any other party related thereto or controlled
thereby, wholly or in part, directly or indirectly, hereby forever release and
discharge the others and all of them, their respective affiliates,
subsidiaries, parents and associated companies, successors and assigns,
together with their respective directors, officers, consultants and agents, and
their respective successors and assigns from any and all actions, causes of
action, contracts, covenants (whether express or implied), claims and demands
for damages, indemnity, costs, interest, loss or injury of every nature and
kind whatsoever and howsoever arising, whether known or unknown, suspected or
unsuspected, which such party may heretofore have had, may now have, or may in
the future have, at law or in equity, by reason of or arising directly or
indirectly from the Grant.

 

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6.  Further
Assurances. Each party hereto covenants and agrees that each will at any
time and from time to time do, execute, acknowledge, and deliver any and all
other acts, deeds, assignments, transfers, conveyances, powers of attorney, or
other instruments that the other party, as applicable, deems reasonably
necessary or proper to carry out the Rescission.

7.  Binding
Effect. This Agreement shall be binding upon and inure to the benefit of
the parties hereto and their respective successors and assigns.

8.  Governing Law. This Agreement shall be governed
by and construed in accordance with the laws of the State of Colorado.

9.  Execution. This Agreement may be executed in one
or more counterparts and by facsimile signature.

IN WITNESS WHEREOF,
the parties have executed this Agreement as of the date first set forth above.

Prospect Global
Resources Inc.

By: /s/ Patrick
Avery                 

Patrick
Avery

Chief Executive Officer

 /s/ Marc
Holtzman                     

 Marc
Holtzman, Individually

	 	 	 
	  	 	 
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2exv10w1

Exhibit 10.1

PINNACLE FINANCIAL PARTNERS, INC.

EXECUTIVE OFFICERS 2011 PERFORMANCE VESTED

RESTRICTED STOCK AGREEMENT

     THIS RESTRICTED STOCK AGREEMENT (the “Agreement”) is by and between Pinnacle Financial
Partners, Inc., a Tennessee corporation (the “Company”), and ___________ (the “Grantee”).
Capitalized terms used but not defined in this Agreement shall have the meaning ascribed to such
terms in the Pinnacle Financial Partners, Inc. 2004 Equity Incentive Plan (the “Plan”).

     Section 1. Restricted Stock Award. The Grantee is hereby granted the right to
receive ___ shares (the “Restricted Stock”) of the Company’s common stock, $1.00 par value per
share (the “Common Stock”), subject to the terms and conditions of this Agreement and the Plan.

     Section 2. Lapse of Restrictions. Subject to Sections 5 and 8
hereof, the restrictions associated with the shares of Restricted Stock granted pursuant to
Section 1 hereof shall lapse at such times (each, a “Vesting Date”) and in the amounts set
forth below:

     (a) the restrictions with respect to one-third of the shares, or ____ shares, of Restricted
Stock granted hereunder shall lapse on the second anniversary of the date hereof, so long as the
Company’s independent auditors issue their report on the Company’s financial statements for the
fiscal year ending December 31, 2011, in the event that the Company’s audited net income before tax
(exclusive of the impact of any merger-related charges or charges related to the redemption of any
class of the Company’s preferred shares, if any) for the fiscal year ended December 31, 2011 is
equal to or greater than $___ million and the Company’s ratio of classified assets (the sum of all
loans risk rated substandard (#8) or higher plus the balance of the Company’s other real estate
accounts) to the sum of Pinnacle National Bank’s Tier 1 capital and the allowance for loan losses
at December 31, 2011 is less than ___%;

     (b) the restrictions with respect to one-third of the shares, or ___ shares, of Restricted
Stock granted hereunder shall lapse on the later of (i) the second anniversary of the date hereof;
and (ii) the date that the Company’s independent auditors issue their report on the Company’s
financial statements for the fiscal year ending December 31, 2012 so long as the Company’s audited
net income before tax (exclusive of the impact of any merger-related charges or charges related to
the redemption of any class of the Company’s preferred shares, if any) for the fiscal year ended
December 31, 2012 is equal to or greater than the net income before tax target for the fiscal year
ended December 31, 2012 established by the Board of Directors in the Company’s 2011 strategic plan
and the Company’s ratio of classified assets (the sum of all loans risk rated substandard (#8) or
higher plus the balance of the Company’s other real estate accounts) to the sum of Pinnacle
National Bank’s Tier 1 capital and the allowance for loan losses at December 31, 2012 is less than
the target ratio for December 31, 2012 established in the Company’s 2011 strategic plan; and

     (c) the restrictions with respect to one-third of the shares, or ____ shares, of Restricted
Stock granted hereunder shall lapse on the date that the Company’s independent

 

 

auditors issue their report on the Company’s financial statements for the fiscal year ending
December 31, 2013, in the event that the Company’s audited net income before tax (exclusive of the
impact of any merger-related charges or charges related to the redemption of any class of the
Company’s preferred shares, if any) for the fiscal year ended December 31, 2013 is equal to or
greater than the net income before tax target for the fiscal year ended December 31, 2013
established by the Board of Directors during the Company’s 2011 strategic planning process and the
Company’s ratio of classified assets (the sum of all loans risk rated substandard (#8) or higher
plus the balance of the Company’s other real estate accounts) to the sum of Pinnacle National
Bank’s Tier 1 capital and the allowance for loan losses at December 31, 2013 is less than the
target ratio for December 31, 2013 established in the Company’s 2011 strategic plan; or

     (d) should restrictions with respect to the shares of Restricted Stock granted hereunder not
lapse with respect to the terms and conditions as described on the Vesting Dates noted in Section
2(a), 2(b) or 2(c), the restrictions shall lapse on the date the Company’s independent auditors
issue their report on the Company’s financial statements for the fiscal year ended December 31,
2013, in the event that the Company’s audited cumulative net income before tax (exclusive of the
impact of any merger-related charges or charges related to the redemption of any class of the
Company’s preferred shares, if any) for the fiscal years ending December 31, 2011, 2012 and 2013 is
equal to or greater than the sum of $___ million plus the net income before tax targets for the
fiscal years ended December 31, 2012 and December 31, 2013 established by the Board of Directors
during the Company’s 2011 strategic planning process and the Company’s ratio of classified assets
(the sum of all loans risk rated substandard (#8) or higher plus the balance of the Company’s other
real estate accounts) to the sum of Pinnacle National Bank’s Tier 1 capital and the allowance for
loan losses (as defined in Section 2(a), 2(b) and 2(c)) at December 31, 2011; December 31, 2012 and
December 31, 2013 is less than the target ratios for such dates set forth in Section 2(a), 2(b) and
2(c) above.

     Any shares of Restricted Stock for which the performance targets identified above are not met
shall be immediately forfeited and the Grantee shall have no further rights with respect to such
shares of Restricted Stock.

     In the event that the Human Resources and Compensation Committee of the Board of Directors of
the Company (the “Compensation Committee”) determines that an event has occurred during any fiscal
year which has impacted the Company’s reported net income before tax or ratio of classified assets
(the sum of all loans risk rated substandard (#8) or higher plus the balance of the Company’s other
real estate accounts) to the sum of Pinnacle National Bank’s Tier 1 capital and the allowance for
loan losses for such fiscal year, the Compensation Committee shall have the right, in its sole and
absolute discretion, to increase or decrease the vesting targets to reflect such event for purposes
of calculating the vesting of shares of Restricted Stock under this Section 2 for such
fiscal year and for any or all future fiscal years; provided, however, that the Compensation
Committee shall not make such changes as would cause the award hereunder to be in violation of
Section 162(m) of the Internal Revenue Code of 1986, as amended.

     Section 3. Distribution of Restricted Stock. Certificates representing the shares of
Restricted Stock that have vested under Section 2 will be distributed to the Grantee as
soon as

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practicable after each Vesting Date; provided, however, that no certificates shall be distributed
to the Grantee prior to the lapsing of any restrictions on the transferability of any shares
represented by such certificates, including those restrictions on transferability set forth in
Section 6 hereof resulting from the Company’s participation in the Capital Purchase Program (the
“CPP”) under the United States Treasury Department’s (the “Treasury”) Troubled Assets Relief
Program (the “TARP”) .

     Section 4. Voting Rights and Dividends. Prior to the distribution of the Restricted
Stock, certificates representing shares of Restricted Stock will be held by the Company (the
“Custodian”) in the name of the Grantee. The Custodian will take such action as is necessary and
appropriate to enable the Grantee to vote the Restricted Stock. All cash dividends received by the
Custodian, if any, with respect to the Restricted Stock will be remitted to the Grantee. Stock
dividends issued with respect to the Restricted Stock shall be treated as additional shares of
Restricted Stock that are subject to the same restrictions and other terms and conditions that
apply to the shares of Restricted Stock. Notwithstanding the foregoing, no voting rights or
dividend rights shall inure to the Grantee following the forfeiture of the Restricted Stock
pursuant to Section 5.

     Section 5. Termination/Change of Status. In the event that the Grantee’s employment
by the Company (or any Subsidiary or Affiliate of the Company) terminates for any reason, other
than death or Disability, all shares of Restricted Stock for which the forfeiture restrictions have
not lapsed prior to the date of termination shall be immediately forfeited and Grantee shall have
no further rights with respect to such shares of Restricted Stock. In the event that the Grantee’s
employment terminates by reason of death or Disability all Restricted Stock shall be deemed vested
and the restrictions under the Plan and this Agreement with respect to the Restricted Stock shall
automatically expire and shall be of no further force or effect, except that the restrictions on
transferability set forth in Section 6 hereof resulting from the Company’s participation in the CPP
shall continue until such time as such restrictions lapse in accordance with the Treasury’s Interim
Final Rule on TARP Standards for Compensation and Corporate Governance, dated June 15, 2009, as
amended from time to time (the “Treasury Regulations”).

     Section 6. No Transfer or Pledge of Restricted Stock. No shares of Restricted Stock
may be sold, assigned, transferred, pledged, hypothecated or otherwise encumbered or disposed of
prior to the later of (i) the date the forfeiture restrictions with respect to such shares have
lapsed, if at all, on any Vesting Date; and (ii) the date that the transfer restrictions set forth
in the Treasury Regulations shall lapse with respect to such shares of Restricted Stock.

     Section 7. Withholding of Taxes. If the Grantee makes an election under section
83(b) of the Code with respect to the Award, the Award made pursuant to this Agreement shall be
conditioned upon the Grantee making prompt payment to the Company of any applicable withholding
obligations or withholding taxes by the Grantee (“Withholding Taxes”). Failure by the Grantee to
pay such Withholding Taxes will render this Agreement and the Award granted hereunder null and void
ab initio and the Restricted Shares granted hereunder will be immediately cancelled. If the
Grantee does not make an election under section 83(b) of the Code with respect to the Award, upon a
Vesting Date with respect to any portion of the Restricted Shares (or property distributed with
respect thereto), the Company shall cancel such Restricted

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Shares (or withhold property) having an aggregate Fair Value, on the date next preceding the
Vesting Date, in an amount required to satisfy the required Withholding Taxes as set forth by
Internal Revenue Service guidelines for the employer’s minimum statutory withholding with respect
to Grantee. The Company shall deduct from any distribution of cash (whether or not related to the
Award including, without limitation, salary payments) to the Grantee an amount as shall be
reasonably required to satisfy the required Withholding Taxes as set forth by Internal Revenue
Service guidelines for the employer’s minimum statutory withholding with respect to Grantee
pertaining to cash payments under the Award (including any cash dividends made in respect of the
Shares subject to the Award). For purposes of this Agreement, “Fair Value” means the closing sales
price of the Shares on the Nasdaq Global Select Market on such date, or in the absence of reported
sales on such date, the closing sales price of the Shares on the immediately preceding date for
which sales were reported.

     Section 8. Change of Control. Subject to the provisions of Section 10
hereof, upon the occurrence of a Change in Control as defined in the Plan, all Restricted Stock
shall be deemed vested and the restrictions under the Plan and the Agreement with respect to the
Restricted Stock, including the restriction on transfer set forth in Section 6 hereof,
shall automatically expire and shall be of no further force or effect.

     Section 9. Stock Subject to Award. In the event that the shares of Common Stock of
the Company should, as a result of a stock split or stock dividend or combination of shares or any
other change, redesignation, merger, consolidation, recapitalization or otherwise, be increased or
decreased or changed into or exchanged for a different number or kind of shares of stock or other
securities of the Company or of another corporation, the number of shares of Restricted Stock that
have been awarded to Grantee shall be appropriately adjusted to reflect such action. If any such
adjustment shall result in a fractional share, such fraction shall be disregarded.

     Section 10. Impact of Law or Regulations. This agreement and other incentive
agreements and arrangements of the Company are subject to Federal law or regulations (including the
Treasury Regulations) which may limit or prohibit the Company’s performance of certain provisions,
or require repayment to the Company of the value of awards or payments under or require rescission
or clawback of vesting, payments or awards under, this Agreement or other incentive agreements or
awards with or to the Grantee. By acceptance of the benefits of this Agreement, Grantee agrees and
consents to any such requirements or limitations (when applicable) and to the Company’s compliance
with such laws or regulations, with respect to this and other incentive agreements or awards.

     Section 11. Stock Power. Concurrently with the execution of this Agreement, the
Grantee shall deliver to the Company a stock power, endorsed in blank, relating to the shares of
Restricted Stock. Such stock power shall be in the form attached hereto as Exhibit A.

     Section 12. Legend. Each certificate representing Restricted Stock shall bear a
legend in substantially the following form:

THIS CERTIFICATE AND THE SHARES OF STOCK REPRESENTED HEREBY ARE SUBJECT TO THE TERMS
AND CONDITIONS (INCLUDING

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FORFEITURE AND RESTRICTIONS AGAINST TRANSFER) CONTAINED IN THE PINNACLE FINANCIAL
PARTNERS, INC. 2004 EQUITY INCENTIVE PLAN (THE “PLAN”) AND THE RESTRICTED STOCK
AGREEMENT (THE “AGREEMENT”) BETWEEN THE OWNER OF THE RESTRICTED STOCK REPRESENTED
HEREBY AND PINNACLE FINANCIAL PARTNERS, INC. (THE “COMPANY”). THE RELEASE OF SUCH
STOCK FROM SUCH TERMS AND CONDITIONS SHALL BE MADE ONLY IN ACCORDANCE WITH THE
PROVISIONS OF THE PLAN AND THE AGREEMENT, COPIES OF WHICH ARE ON FILE AT THE
COMPANY.

     Section 13. No Right to Continued Employment. This Agreement shall not be construed
as giving the Grantee the right to be retained in the employ of the Company (or any Subsidiary or
Affiliate of the Company), and the Company (or any Subsidiary or Affiliate of the Company) may at
any time dismiss the Grantee from employment, free from any liability or any claim under the Plan.

     Section 14. Governing Provisions. This Agreement is made under and subject to the
provisions of the Plan, and all of the provisions of the Plan are also provisions of this
Agreement. If there is a difference or conflict between the provisions of this Agreement and the
provisions of the Plan, the provisions of the Plan will govern. By signing this Agreement, the
Grantee confirms that he or she has received a copy of the Plan.

     Section 15. Miscellaneous.

          15.1 Entire Agreement. This Agreement and the Plan contain the entire understanding
and agreement between the Company and the Grantee concerning the Restricted Stock granted hereby,
and supersede any prior or contemporaneous negotiations and understandings. The Company and the
Grantee have made no promises, agreements, conditions or understandings relating to the Restricted
Stock, either orally or in writing, that are not included in this Agreement or the Plan.

          15.2 Captions. The captions and section numbers appearing in this Agreement are
inserted only as a matter of convenience. They do not define, limit, construe or describe the
scope or intent of the provisions of this Agreement.

          15.3 Counterparts. This Agreement may be executed in counterparts, each of which
when signed by the Company and the Grantee will be deemed an original and all of which together
will be deemed the same Agreement.

          15.4 Notice. Any notice or communication having to do with this Agreement must be
given by personal delivery or by certified mail, return receipt requested, addressed, if to the
Company, to the principal office of the Company, and, if to the Grantee, to the Grantee’s last
known address provided by the Grantee to the Company.

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          15.5 Amendment. This Agreement may be amended by the Company, provided that unless
the Grantee consents in writing, the Company cannot amend this Agreement if the amendment will
materially change or impair the Grantee’s rights under this Agreement and such change is not to the
Grantee’s benefit.

          15.6 Successors and Assignment. Each and all of the provisions of this Agreement are
binding upon and inure to the benefit of the Company and the Grantee and their heirs, successors,
and assigns. However, neither the Restricted Stock nor this Agreement may be assigned or
transferred except as otherwise set forth in this Agreement or the Plan.

          15.7 Governing Law. This Agreement shall be governed and construed exclusively in
accordance with the laws of the State of Tennessee applicable to agreements to be performed in the
State of Tennessee.

[Signature page to follow.]

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     IN WITNESS WHEREOF, the Company and the Grantee have executed this Agreement to be effective
as of ________ __, 2011.

	 	 	 	 	 	 	 

	 	 	PINNACLE FINANCIAL PARTNERS, INC.:	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Hugh M. Queener	 	 
	 	 	Title: Chief Administrative Officer and Corporate Secretary	 	 
	 
	 	 	 	 	 	 
	 	 	GRANTEE:	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Name:	 	 

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     EXHIBIT
A - STOCK POWER

     FOR VALUE RECEIVED, the undersigned does hereby sell, assign and transfer to Pinnacle
Financial Partners, Inc. (the “Company”), ___________ shares of the Company’s common stock
represented by Certificate No. ____. The undersigned authorizes the Secretary of the Company to
transfer the stock on the books of the Company in the event of the forfeiture of any shares issued
under the Restricted Stock Agreement dated ______________, 2011 between the Company and the
undersigned.

Dated: __________, 2011

	 	 	 	 	 	 	 

	 	 	Signed:	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Name:	 	 

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