Document:

Form of RSU Award Agreement

 Exhibit 10.3 
  
 Grantee:                                
 Shares:                   
  
 GLOBAL POWER EQUIPMENT GROUP INC. 
 RESTRICTED STOCK UNITS AWARD AGREEMENT 
 UNDER THE 2004 STOCK INCENTIVE PLAN 
  
                                       
  , 200     
  
 [Name and Address] 
  
 Dear
                                    : 
  
 1. Restricted Stock Units Award. Global Power Equipment Group Inc., a
Delaware corporation (the “Company”), hereby grants to you an aggregate of                          restricted
stock units (individually, a “RSU,” and collectively, “RSUs”). Each RSU entitles you to receive one share of Common Stock, par value $.01 per share, of the Company (the “Restricted Shares”) at such time as the
restrictions described in Section 4(b) lapse as described in Section 5. This award is subject to your acceptance of and agreement to all of the applicable terms, conditions, and restrictions described in the Company’s 2004 Stock
Incentive Plan, as amended (the “Plan”), a copy of which is on file with, and may be obtained from, the Secretary of the Company, and to your acceptance of and agreement to the further terms, conditions, and restrictions described in this
Restricted Stock Units Award Agreement (this “Award Agreement”). To the extent that any provision of this Award Agreement conflicts with the expressly applicable terms of the Plan, it is hereby acknowledged and agreed that those terms of
the Plan shall control and, if necessary, the applicable provisions of this Award Agreement shall be hereby deemed amended so as to carry out the purpose and intent of the Plan. This award shall constitute an “Award” under the Plan, and
any capitalized terms used in this Award Agreement that are not otherwise defined herein shall have the respective meanings provided in the Plan. 
  
 2. Form of Restricted Stock; Possession of Certificates. The Company shall issue the Restricted Shares you become entitled to receive hereunder by
book-entry registration or by issuance of a certificate or certificates for the Restricted Shares in your name as soon as practicable after the restrictions in Section 4(b) lapse as described in Section 5. In the event the Company issues a
certificate or certificates for the Restricted Shares, such certificates shall be subject to such stop transfer orders and other restrictions as the committee of the Board of Directors that administers the Plan may deem necessary or advisable under
the Plan and rules, regulations and other requirements of the Securities and Exchange Commission, any stock exchange upon which such Restricted Shares are then listed, and any applicable foreign, federal or state securities laws. 
  
 3. Stockholder Rights Prior to Issuance of Restricted Shares. Neither
you nor any of your beneficiaries shall be deemed to have any voting rights, rights to receive dividends or other rights as a stockholder of the Company with respect to any Restricted Shares covered by the RSUs until the date of book-entry
registration or issuance by the Company of a certificate to you for such Restricted Shares. 

 4. Restrictions. 
  
 (a) Your ownership of the RSUs shall be subject to the restrictions set forth in subsection (b) of this
Section until such restrictions lapse pursuant to the terms of Section 5. 
  
 (b) You may not sell, assign, transfer or otherwise dispose of any RSUs or any rights under the RSUs. No RSU and no rights under any such RSU may be pledged, alienated, attached or otherwise encumbered, other than by
will or the laws of descent and distribution, and any purported pledge, alienation, attachment or encumbrance thereof, other than by will or the laws of descent and distribution, shall be void and unenforceable against the Company. 
  
 5. Lapse of Restrictions. 
  
 (a) The restrictions described in Section 4(b) shall
lapse with respect to all of the RSUs on the third anniversary of the date hereof. 
  
 (b) Notwithstanding the provisions of subsection (a) of this Section 5, the restrictions described in Section 4(b) shall
lapse with respect to all the RSUs at the time of the occurrence of any of the following events: 
  
 (1) Your “Retirement” (as defined in Section 8); or 
  
 (2) A “Change of Control” (as defined in the Plan) of the Company. 
  
 Following the lapse of the restrictions described in
Section 4(b), the Company will make a book-entry registration or will issue you a certificate as provided in Section 2 of this Award Agreement for the Restricted Shares covered by such RSUs in redemption of such RSUs. 
  
 6. Adjustment of Shares. The number of Restricted Shares subject to
the RSUs awarded to you under this Award Agreement shall be adjusted as provided in Section 12 of the Plan. 
  
 7. Agreement With Respect to Securities Matters. You agree that you will not sell or otherwise transfer any Restricted Shares received pursuant to
this Award Agreement except pursuant to an effective registration statement under the Securities Act of 1933, as amended, or pursuant to an applicable exemption from such registration. Unless a registration statement relating to the Restricted
Shares issuable upon the lapse of the restrictions on the RSUs pursuant to this Award Agreement is in effect at the time of issuance of such Restricted Shares, the certificate(s) for the Restricted Shares shall contain the following legend:

  
 The securities evidenced by this certificate have not been
registered under the Securities Act of 1933 or any other securities laws. These securities have been acquired for investment and may not be sold or transferred for value in the absence of an effective registration of them under the U.S. Securities
Act of 1933 and any other applicable securities laws, or receipt by the Company of an opinion 

  

 2 

 
of counsel or other evidence acceptable to the Company that such registration is not required under such acts. 
  
 8. Certain Definitions. As used in this Award Agreement, the term
“Retirement” shall mean the termination of your service as a member of the Board of Directors of the Company at any time for any reason. 
  
 If you accept this Restricted Stock Units Award and agree to the foregoing terms and conditions, please so confirm by signing and returning the duplicate
copy of this Award Agreement enclosed for that purpose. 
  

			
	 GLOBAL POWER EQUIPMENT GROUP INC.

		
	 By:
	 	  

	 	 	 Name:                                     
                                        
     

	 	 	 Title:                                     
                                        
        

  
 The foregoing
Restricted Stock Units Award is accepted by me as of                         , and I hereby agree to the terms,
conditions, and restrictions set forth above and in the Plan. 
  
  

			
	 
	
	  

	 	 	 

  

 3Form of Resale Restriction Agreement

 Exhibit 10.4 
  
 GLOBAL POWER EQUIPMENT GROUP INC. 
  
 RESALE RESTRICTION AGREEMENT 
  

This RESALE RESTRICTION AGREEMENT (the “Agreement”) with respect to certain stock option award agreements (the “Option
Agreements”) issued under the Global Power Equipment Group Inc. 2004 Stock Incentive Plan (the “2004 Plan”) and/or the Global Power Equipment Group Inc. 2001 Stock Option Plan (the “2001 Plan”), as
applicable, is made by and between Global Power Equipment Group Inc., a Delaware corporation (the “Company”), and                  (the
“Holder”). 
  
 WHEREAS, the Holder has been
granted one or more options (the “Options”) to acquire shares of common stock of the Company (the “Shares”) in such quantities and at the exercise prices set forth in Exhibit A hereto pursuant to the Option
Agreements; 
  
 WHEREAS, the Option is fully vested and
exercisable by reason of an action of the Compensation Committee of the Company’s Board of Directors effective December 14, 2005, subject to the execution of this Agreement by the Holder; and 
  
 WHEREAS, the Company and the Holder wish to impose certain resale
restrictions on the Shares subject to the Options as provided herein on the terms and conditions contained herein. 
  
 NOW, THEREFORE, it is agreed as follows: 
  
 1. The Holder acknowledges that he or she has reviewed this Agreement in full. 
  
 2. The Holder agrees not to sell, contract to sell, grant any option to purchase, transfer the economic risk of ownership
in, make any short sale of, pledge or otherwise transfer or dispose of any Shares (or any interest in any Shares) (hereinafter referred to as the “Resale Restrictions”) until the Shares have been released from the foregoing Resale
Restrictions. The Holder further agrees that an appropriate restrictive legend evidencing the Resale Restrictions will be placed on the Shares until the Resale Restrictions lapse. 
  
 3. The Holder agrees that the Shares under the heading “Option Grant” in Exhibit A shall be subject to the Resale
Restrictions. 
  
 4. The Resale Restrictions shall lapse with
respect to each grant in accordance with the schedule set forth in Exhibit A. 
  
 5. In the event the Holder’s employment or service with the Company is terminated for any reason the Resale Restrictions shall remain in place until lapsing in accordance with the schedule set forth in Exhibit A.

  
 6. This Agreement shall be effective as of December 14,
2005. 

 7. The Holder represents and warrants that he or she has full power to enter into this Agreement.

  
 8. This Agreement, the Option Agreement and the 2001 Plan and
2004 Plan, as applicable, constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior understandings and agreements of the Company and the Holder with respect to the subject
matter hereof, and may not be modified except by means of a writing signed by the Company and the Holder. This Agreement is to be construed in accordance with and governed by the internal laws of the State of Delaware without giving effect to any
choice of law rule that would cause the application of the laws of any jurisdiction other than the internal laws of the State of Delaware to the rights and duties of the parties. Nothing in this Agreement (except as expressly provided herein) is
intended to confer any rights or remedies on any persons other than the parties. Should any provision of this Agreement be determined to be illegal or unenforceable, such provision shall be enforced to the fullest extent allowed by law and the other
provisions shall nevertheless remain effective and shall remain enforceable. 
  
 9. This Agreement shall be binding upon the Company and the Holder as well as the successors and assigns (if any) of the Company and the Holder. 
  
 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and delivered on the date set forth below
such party’s signature. 
  

			
	 GLOBAL POWER EQUIPMENT GROUP INC.

	
	

	 Name:
 Title:
 Date:

  

			
	 HOLDER:

	
	

	 Date:

  

 2 

 EXHIBIT A 
  

							
	 Applicable Plan

	 	 Option Grant

	 	 Exercise Price

	  	 Resale Restriction
 Expiration Date

  

 3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00095-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00095-of-00352.parquet"}]]