Document:

Restricted Stock Agreement dated as of February 1, 2006

 Exhibit 10.59 
  
 RESTRICTED STOCK AGREEMENT 
  
 This Restricted Stock Agreement (the “Agreement”) is made and entered into as of February, 2006 by and between Horizon Lines, Inc. (the “Company”), a Delaware
corporation, and John W. Handy (the “Grantee”). 
  
 WHEREAS, a grant of Restricted
Stock has been offered by the Company to the Grantee as an inducement for the Grantee to become an employee of the Company or one of its Affiliates; and 
  
 WHEREAS, the Grantee has accepted employment with the Company or one of its Affiliates as of the effective date hereof; 
  
 NOW, THEREFORE, THE PARTIES HERETO AGREE AS FOLLOWS: 
  

	 	1.	Upon Grantee’s agreement hereto, and upon his commencement of employment with the Company or one of its Affiliates, and pursuant to the terms of this Agreement, Grantee is hereby granted
70, 000 (seventy thousand) shares of the common stock of the Company (the “Restricted Stock”) subject to the following terms and conditions: 

  

	 	a.	All 70,000 shares shall vest in the Grantee if and only if Grantee shall have been continuously employed by the Company or one of its Affiliates for a period of five years from the effective
date hereof; to wit, until February 1, 2011. 

  

	 	b.	During said five-year period, Grantee shall have the right to receive dividends on said Restricted Stock to the extent dividends are paid by the Company on its authorized and issued common
shares to its shareholders of record, and subject to the flowing schedule: 

  

	 	i.	On February 1, 2007 for 14,000 shares 

	 	ii.	On February 1, 2008 for 28,000 shares 

	 	iii.	On February 1, 2009 for 42,000 shares 

	 	iv.	On February 1, 2010 for 56,000 shares 

  
 Such dividends to be paid at the same rate and at the same time as such dividends are paid by the Company on its authorized and issued shares. However, said dividends are to be
paid into an interest-bearing escrow account to be held until Grantee shall have met the requirements for the vesting of the Restricted Stock, at which time the accumulated dividends and all interest thereon shall be disbursed to the Grantee by the
escrow agent. 
  

	 	2.	 Ml other terms, conditions, definitions and requirements applicable to this Agreement are contained in the Company’s Equity Incentive Plan which is hereby incorporated
by reference and made a part of this Agreement. In the event of any 

	 	 
conflict between the terms of this Agreement and the Company’s Equity Incentive Plan the terms of this Agreement shall govern.

  
 IN WITNESS WHEREOF, the parties
hereto have executed this Agreement as of the 1 day of February, 2006. 
  

									
	 HORIZON LINES, INC.
	 	 	 	 JOHN W. HANDY

					
	By:	 	 /s/ Charles G. Raymond
	 	 	 	 	 	 /s/ John W. Handy

	 Title:
	 	 President and CEOForm of Restricted Stock Agreement

 Exhibit 10.1 
 RESTRICTED STOCK AGREEMENT 
 UNDER THE IBERIABANK CORPORATION 
 2005 STOCK INCENTIVE PLAN 
 THIS
INCENTIVE AGREEMENT (“Agreement”) is entered into as of GRANT DATE, between IBERIABANK Corporation (“IBKC”) and RECIPIENT (the “Award Recipient”). 
 WHEREAS, under the 2005 Stock Incentive Plan (the “Plan”), the Compensation Committee of the IBKC Board of Directors (the
“Committee”) may, among other things, award shares of common stock of IBKC (the “Common Stock”) in the form of restricted stock (“Restricted Stock”) to a key employee of IBKC or one of its subsidiaries (collectively,
the “Company”); 
 NOW, THEREFORE, in consideration of the premises, it is agreed as follows: 
 1. Conditional Award of Restricted Stock 
 Pursuant to the terms of the Plan, the Award Recipient is hereby awarded, subject to the other terms, conditions, and restrictions contained herein, SHARES GRANTED shares of Restricted Stock. 
 2. Award Restrictions 
 2.1 The shares
of Restricted Stock and the right to vote them and to receive dividends thereon may not be sold, assigned, transferred, exchanged, pledged, hypothecated or otherwise encumbered until such time as the shares vest and the restrictions imposed thereon
lapse, as provided below. 
 2.2 The shares of Restricted Stock issued to the Award Recipient will vest and the restrictions imposed thereon
will lapse as to one-seventh of the shares of Restricted Stock on each of the first through seventh anniversaries of the date of this Agreement; provided that on each vesting date if a fraction of a share would vest, a whole share shall vest in lieu
thereof and on the last date the number of shares that vest will be the total number of shares awarded less the total number of shares previously vested; and provided further that on the applicable vesting date the Award Recipient is in the employ
of IBKC. The period during which the restrictions imposed on the shares of Restricted Stock by the Plan and this Agreement are in effect is referred to herein as the “Restricted Period.” During the Restricted Period, the Award Recipient
shall be entitled to all rights of a shareholder of IBKC, including the right to vote such shares of Restricted Stock and to receive dividends thereon. 
 2.3 All restrictions on the Restricted Stock issued to the Award Recipient shall immediately lapse and the shares shall vest (a) if the Award Recipient dies while he is employed by the Company, or (b) if the
Award Recipient becomes disabled, which means any physical or mental impairment which qualifies the Award Recipient for disability benefits under the applicable long-term disability plan maintained by the Company or, if no such plan applies, which
would qualify such Award Recipient for disability benefits under the Federal Social Security System. Upon the termination of the Award Recipient’s service to the Company, for any reason, other than death or disability, the Award Recipient shall
forfeit his or her Restricted Stock. 

 3. Stock Certificates 
 3.1 Certificates representing shares of Restricted Stock shall be registered in the name of the Award Recipient and deposited with IBKC, together with a
stock power endorsed in blank by the Award Recipient, substantially in the form attached hereto as Exhibit A. Each such certificate shall bear a legend in substantially the following form: 
 The transferability of this certificate and the shares of Common Stock represented by it is subject to the terms and conditions (including conditions of
forfeiture) contained in the IBERIABANK Corporation 2005 Stock Incentive Plan (the “Plan”) and an agreement between the registered owner and IBERIABANK Corporation thereunder. Copies of the Plan and the agreement are on file and available
for inspection at the principal office of IBERIABANK Corporation. 
 3.2 Upon the lapse of restrictions on any shares of Restricted Stock
issued to the Award Recipient, IBKC shall cause a stock certificate without a restrictive legend representing such shares of Restricted Stock to be issued in the name of the Award Recipient or his nominee within 30 days after the end of the
Restricted Period. Upon receipt of such stock certificate, the Award Recipient is free to hold or dispose of the shares of Common Stock represented by such certificate subject to applicable securities laws. 
 4. Dividends 
 Any dividends paid on
the shares of Restricted Stock granted to the Award Recipient shall be paid to the Award Recipient as soon as practicable following the date such dividends are declared and paid to the Company’s shareholders. 
 5. Withholding Taxes 
 5.1 IBKC shall
have the right to withhold from any payments or stock issuances under the Plan, or to collect as a condition of payment, any taxes required by law to be withheld. By signing this Award Agreement, the Award Participant agrees that he or she is solely
responsible for the satisfaction of any taxes that may arise (including taxes arising under Sections 409A or 4999 of the Code) and that IBKC shall not have any obligation whatsoever to pay such taxes. 
 5.2 Award Recipient may, but is not required to, satisfy his or her withholding tax obligation in whole or in part by electing (the “Election”)
to have IBKC withhold, from the shares he or she otherwise would receive, shares of Common Stock having a value equal to the minimum amount required to be withheld. The value of the shares to be withheld shall be based on the Fair Market Value of
the Common Stock on the date that the amount of tax to be withheld shall be determined (the “Tax Date”). Each Election must be made prior to the Tax Date. The Committee may disapprove of any Election, may suspend or terminate the right to
make Elections, or may provide with respect to any Restricted Stock that the right to make Elections shall not apply to such Restricted Stock. 
  

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 6. Additional Conditions 
 Anything in this Agreement to the contrary notwithstanding, if at any time IBKC further determines, in its sole discretion, that the listing,
registration or qualification (or any updating of any document) of the shares of Common Stock issued or issuable pursuant hereto is necessary on any securities exchange or under any federal or state securities or blue sky law, or that the consent or
approval of any governmental regulatory body is necessary or desirable as a condition of, or in connection with, the issuance of shares of Common Stock pursuant hereto, or the removal or any restrictions imposed on such shares, such shares of Common
Stock shall not be issued, in whole or in part, or the restrictions thereon removed, unless such listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to IBKC.

 7. No Contract of Employment Intended 
 Nothing in this Agreement shall confer upon the Award Recipient any right to continue in the employment of the Company or to interfere in any way with the right of the Company to terminate the Award Recipient’s
employment relationship with the Company at any time. 
 8. Binding Effect 
 This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective heirs, executors, administrators and successors.

 9. Inconsistent Provisions 
 The shares of Restricted Stock covered hereby are subject to the provisions of the Plan. If any provision of this Agreement conflicts with a provision of the Plan, the Plan provision shall control. 
 10. Designation of Beneficiary 
 The
Award Recipient may expressly designate beneficiary to his or her interest (the “Beneficiary”), if any, to this Agreement by completing and executing a designation of beneficiary agreement substantially in the form attached to this
Agreement as Exhibit B (the “Designation of Beneficiary”) and delivering an executed copy of the Designation of Beneficiary to IBKC. 
 11. Notices 
 Any notice or communication required or permitted by any provision of this Agreement to
be given to the Award Recipient shall be in writing and shall be delivered personally or sent by certified mail, return receipt requested, addressed to the Award Recipient at the last address 
  

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 that the Company had for the Award Recipient on its records. Each party may, from time to time, by notice to the other
party hereto, specify a new address for delivery of notices relating to this Agreement. Any such notice shall be deemed to be given as of the date such notice is personally delivered or properly mailed. 
 12. Modifications 
 This Agreement may
be modified or amended at any time, provided that Award Recipient must consent in writing to any modification that adversely alters or impairs any rights or obligations under this Agreement. 
 13. Headings 
 Section and other headings contained in this Agreement are for
reference purposes only and are not intended to describe, interpret, define or limit the scope or intent of this Agreement or any provision hereof. 
 14. Severability 
 Every provision of this Agreement and of the Plan is intended to be severable. If any term hereof is
illegal or invalid for any reason, such illegality or invalidity shall not affect the validity or legality of the remaining terms of this Award Agreement. 
 15. Governing Law 
 The laws of the State of Louisiana shall govern the validity of this Agreement,
the construction of its terms, and the interpretation of the rights and duties of the parties hereto. 
 16. Counterparts 

This Agreement may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered shall be an
original, but all such counterparts shall together constitute one and the same instrument.  
 17. Restrictions on Transfer

 This Agreement may not be sold, pledged, or otherwise transferred without the prior written consent of the Committee. Notwithstanding
the foregoing, the Award Recipient may transfer this Agreement (i) by instrument to an inter vivos or testamentary trust (or other entity) in which each beneficiary is a permissible gift recipient, as such is set forth in subsection
(ii) of this Section 17, or (ii) by gift to charitable institutions or by gift or transfer for consideration to any of the following relatives of the Award Recipient (or to an inter vivos trust, testamentary trust or other entity
primarily for the benefit of the following relatives of the Participant): any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, domestic partner, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law,
daughter-in-law, brother-in-law, or sister-in-law, and shall include adoptive relationships. Any transferee of the Award Recipient’s rights shall succeed and be subject to all of the terms of this Agreement and the Plan. 
  

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 [Signature Page Follows] 
 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the day and year first above written. 
  

			
	IBERIABANK CORPORATION
		
	By:	 	  

		 	A duly designated representative of the
		 	Company
	  
  

		 	Award Recipient

			
	Attest:	 	  
  

  

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 Exhibit A 
 STOCK POWER 
 PURSUANT TO 
 IBERIABANK CORPORATION 
 2005 STOCK INCENTIVE PLAN 
  

					
	 State of Louisiana
	  	)	  	
		  	)	  	ss:
	 Parish of                                    
 
	  	)	  	

 Know all men by these presents that I,
                                 (name of Award Recipient), do hereby make,
constitute and appoint the members of the Compensation Committee of the IBERIABANK Corporation Board of Directors, or any of the them, as appointed by such Board of Directors from time to time, for my benefit as the recipient of an award under the
2005 Stock Incentive Plan (as evidenced by the attached Agreement dated as of                     , 200    , which
is incorporated herein by reference), and in my name, place and stead, my true and lawful attorney-in-fact: 
 To retain the stock
certificates evidencing the Restricted Stock issued to me pursuant to such Agreement until the termination of the applicable Restricted Period and the lapse of restrictions under the terms of such Agreement and, for that purpose, to make, execute
and deliver all assignments or other instruments of transfer deemed necessary or appropriate, to give a receipt or receipts for the same and generally to do all lawful acts necessary or appropriate to secure for me the Restricted Stock issued under
such Agreement. 
  

			
	 Dated:
                    
	  	  

		  	Signature of Award Recipient

 Exhibit B 
 IBERIABANK CORPORATION 
  

 Designation of Beneficiary 
  

 In the event of my death or “Disability” within the meaning of the IBERIABANK Corporation 2005 Stock Incentive Plan (the
“Plan”), I hereby designate the following person to be my beneficiary for the Award(s) (within the meaning of the Plan) identified below: 
  

			
	 Name of Beneficiary:
	  	  

	 Address:
	  	  
  

		  	  
  

		  	  
  

	 Social Security No.:
	  	  
  

 This beneficiary designation of mine relates to any and all of my rights under the following Award
or Awards: 
  

	 	 ̈	any Award that I have received or ever receive in the future under the Plan. 

  

	 	 ̈	the                      Award that I received pursuant to an award
agreement dated                          ,
             between me and [Company] (the “Company”). 

 I understand that this beneficiary designation operates to entitle the above-named beneficiary to succeed, in the event of my death, to any and all of my rights under the Award(s) designated above, and shall be
effective from the date this form is delivered to the Company until such date as I revoke this designation. A revocation shall occur only if I deliver to an executive officer of the Company either (i) a written revocation of this designation
that is signed by me and notarized, or (ii) a designation of death beneficiary, in the form set forth herein, that is executed and notarized on a later date. 
  

			
	 Date:
	  	  

		
	 Your Signature:
	  	  

		
	 Your Name (printed):
	  	  

  

	
	 Sworn to before me this

	      day of
                    , 200    

	  
  

	 Notary Public

	
	 County of
                        

	 State of

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