Document:

Form of Restricted Stock Agreement

 Exhibit 10.40 

 
  
 THE HANOVER INSURANCE GROUP, INC. 
 2006 LONG-TERM INCENTIVE PLAN

 RESTRICTED STOCK AGREEMENT 

 
 This Restricted Stock Agreement
(the “Agreement”) is made as of <GRANT DATE> (the “Grant Date”) by and between The Hanover Insurance Group, Inc., a Delaware corporation (the “Company”), and <PARTICIPANT NAME> (the
“Participant” or “you”). Capitalized terms used without definition herein shall have the meanings set forth in The Hanover Insurance Group, Inc. 2006 Long-Term Incentive Plan (the “Plan”).

 P R E A M B L E 
 WHEREAS, pursuant to the terms of the Plan and this Agreement, the Administrator has agreed to grant to the Participant <NUMBER OF SHARES>shares of Stock (the “Restricted Shares”).

 WHEREAS, the Restricted Shares will be subject to forfeiture, restrictions on sale and transfer and other terms and
conditions as set forth in this Agreement. 
 NOW, THEREFORE, for and in consideration of the foregoing and the mutual covenants
and promises hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

1. Transfer of Restricted Shares. 
 (a) The Company will transfer to an account or accounts designated by it in the name of the Participant, the Restricted Shares, provided the Participant has delivered to the Company a fully executed copy
of this Agreement. 
 (b) Except as otherwise specifically provided in this Agreement, Participant shall not sell, assign,
transfer or otherwise dispose of, and shall not pledge or hypothecate, any of the Restricted Shares. 
 2. Vesting and
Company’s Right to a Return of the Restricted Shares. 
 (a) Vesting. The Restricted Shares shall be one hundred
percent (100%) vested and shall no longer be subject to forfeiture and the restrictions set forth in Section 1(b) on the second anniversary of the Grant Date, provided that the Participant remains an Employee with the Company or one of its
subsidiaries or affiliates (the Company and its subsidiaries and affiliates hereinafter referred to as “THG”) through such date (the “Vesting Period”).  

(b) Involuntary Termination/Voluntary Termination. If, prior to the expiration of the Vesting Period, the Participant’s
Employment with THG is terminated, with or without Cause (other than under the circumstances described below in this Section 2), or the Participant voluntarily terminates his/her Employment with THG, any non-vested Restricted Shares shall be
automatically cancelled and forfeited and shall be returned to the Company for no consideration. 
 (c) Disability.
Subject to the remainder of this Section 2(c), if the Participant is placed in a long term disability status (as such term is defined in the Company’s Long-Term Disability Program, as in effect at such time)(“LTD Status”),
and provided Participant remains in LTD Status through such date, the Restricted Shares shall continue to vest in accordance with this Agreement until the first anniversary of the date Participant was placed in LTD Status (the “LTD Extension
Period”). At the expiration of the LTD Extension Period (i) a pro-rated portion of the Restricted Shares shall automatically vest, and (ii) the remaining unvested Restricted Shares shall be automatically cancelled and forfeited
and be returned to the Company for no consideration. For purposes of this subsection, the pro-ration of the Restricted Shares that vest on the expiration of the LTD Extension Period, shall be determined by dividing the number of days since the Grant
Date by 731 and applying this percentage to the Restricted Shares. Any fractional share shall be rounded up such that only whole shares are issued. 

 If, prior to the expiration of the LTD Extension Period, Participant is removed from LTD
Status and immediately thereafter returns to active Employment with THG, Participant shall be treated (for the purposes of this Agreement) as if he/she were never placed in LTD Status and remained an active Employee of THG, shall be given credit
toward vesting for the period Participant was in LTD Status and this Agreement shall remain in full force and effect in accordance with its terms. 
 (d) Death. If Participant dies (i) a pro-rated portion of the Restricted Shares shall automatically vest, and (ii) the remaining unvested Restricted Shares shall be automatically
cancelled and forfeited and be returned to the Company for no consideration. For purposes of this subsection, the pro-ration of the Restricted Shares that vest upon Participant’s death shall be determined by dividing the number of days that the
Participant was an active Employee since the Grant Date by 731 and applying this percentage to the Restricted Shares. Any fractional share shall be rounded up such that only whole shares are issued. 

(e) Covered Transaction/Change in Control. In the event of a Covered Transaction (other than a Change in Control, whether or not
it is a Covered Transaction), the Restricted Shares shall be fully governed by the applicable provisions of Section 7(a) of the Plan. Notwithstanding the terms of the Plan, in the event of a Change in Control (whether or not it is a Covered
Transaction), the following rules shall apply: 
 (i) Except as provided below in Section 2(e)(ii), in the event of a
Change in Control the Participant shall automatically vest in 100% of the Restricted Shares. 
 (ii) Notwithstanding
Section 2(e)(i), no acceleration of vesting shall occur with respect to the Restricted Shares if the Administrator reasonably determines in good faith prior to the occurrence of a Change in Control that this Award of Restricted Shares shall be
honored or assumed, or new rights substituted therefor (such honored, assumed or substituted award hereinafter called an “Alternative Award”), by Participant’s employer (or the parent or a subsidiary of such employer)
immediately following the Change in Control, provided that any such Alternative Award must: 
 (1) be based on stock which is
traded, or will be traded upon consummation of the Change in Control, on an established securities market; 
 (2) provide such
Participant (or each Participant in a class of Participants) with rights and entitlements substantially equivalent to or better than the rights, terms and conditions applicable under this Award, including, but not limited to, an identical or better
vesting schedule; 
 (3) have substantially equivalent economic value to this Award (determined at the time of the Change in
Control); and 
 (4) have terms and conditions which provide that in the event that the Participant’s employment is
involuntarily terminated (other than for Cause) or Participant terminates employment for “Good Reason” (as defined below) prior to the second anniversary of the Change in Control, the Participant shall automatically vest in 100% of the
Alternative Award and any conditions on a Participant’s rights under, or any restrictions on transfer or exercisability applicable to, the vested portion of such Alternative Award shall be waived or shall lapse. 

For this purpose, “Good Reason” shall mean the occurrence of one or more of the events listed below following a Change in
Control: 
 (x) to the extent you are “Participant” (as that term is defined in the CIC Plan) in the
Company’s Amended and Restated Employment Continuity Plan or its successor plan (the “CIC Plan”), the occurrence of any of the events enumerated under the definition of “Good Reason” applicable to Participant’s
“Tier” level as set forth in the CIC Plan; or 

  
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 (y) if you are not a “Participant” in the CIC Plan, the
occurrence of any of the following (A) a reduction in your rate of annual base salary as in effect immediately prior to such Change in Control; (B) a reduction in your annual short-term incentive compensation plan target award (but
excluding the conversion of any cash incentive arrangement into an equity incentive arrangement of commensurate value or vice versa) from that which was in effect immediately prior to such Change in Control; or (C) any requirement that you
relocate to an office more than 35 miles from the facility where you were located immediately prior to the Change in Control. 

(iii) In the event a Participant believes that a “Good Reason” event has been triggered, the Participant must give the Company
written notice within 30 days of the occurrence of such triggering event and a proposed termination date which shall be not sooner than 60 days nor later than 90 days after the date of such notice. Such notice shall specify the Participant’s
basis for determining that “Good Reason” has been triggered. The Company shall have the right to cure a purported “Good Reason” within 30 days of receipt of said notice 

(iv) Notwithstanding Sections 2(e)(i) and 2(e)(ii) above, the Administrator may elect, in its sole discretion, exercised prior to the
effective date of the Change in Control, to accelerate all, or a greater percentage of the Restricted Shares, than is otherwise required pursuant to the terms of this Section 2. 

(v) Upon vesting under Section 2(e) or upon a termination as provided herein, any remaining unvested Restricted Shares, if any,
shall be automatically cancelled and forfeited and returned to the Company for no consideration. 
 (f) Violation of the
Agreement. In the event Participant violates the terms of this Agreement, including, without limitation Section 1(b) and 5, the Restricted Shares shall be cancelled and forfeited and be returned to the Company for no consideration.

 3. Stock Power. The Company may require Participant to execute and deliver to the Company a stock power in blank with
respect to non-vested Restricted Shares. The Company shall have the right, in its sole discretion, to exercise such stock power in the event that the Company becomes entitled to the non-vested Restricted Shares pursuant to the terms of this
Agreement. Notwithstanding the foregoing, the Participant shall have dividend and voting rights with respect to the non-vested Restricted Shares. 
 4. Notices. Notices hereunder shall be in writing and, if to the Company, shall be delivered personally to the Human Resources Department or such other party as designated by the Company or mailed
to its principal office and, if to the Participant, shall be delivered personally or mailed to the Participant at his or her address on the records of the Company. 
 5. Non-Hire/Solicitation/Confidentiality. As a condition of Participant’s eligibility to receive the Restricted Shares and regardless of whether such Restricted Shares vest, Participant
agrees that he or she will (i) not, directly or indirectly, during the term of your employment with THG, and for a period of one year thereafter, hire, solicit, entice away or in any way interfere with THG’s relationship with, any of its
officers or employees, or in any way attempt to do so or participate with, assist or encourage a third party to do so, and (ii) neither disclose any of THG’s confidential and proprietary information to any third party, nor use such
information for any purpose other than for the benefit of THG and in accordance with THG policy. The terms of this Section 5 shall survive the expiration or earlier termination of this Agreement. 

6. Damages/Specific Performance. 
 (a) The Participant hereby acknowledges and agrees that in the event of any breach of Section 5 of this Agreement, the Company would be irreparably harmed and could not be made whole by monetary
damages. The Participant accordingly agrees to waive the defense in any action for 

  
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injunctive relief or specific performance that a remedy at law would be adequate and that the Company, in addition to any other remedy to which it may be entitled at law or in equity, shall be
entitled to an injunction or to compel specific performance of Section 5. 
 (b) In addition to any other remedy to which
the Company may be entitled at law or in equity (including the remedy provided in the preceding paragraph), the Participant hereby acknowledges and agrees that in the event of any breach of Section 5 of this Agreement, Participant shall be
required to refund to the Company the value received by Participant upon vesting of the Restricted Shares; provided, however, that the Company makes any such claim, in writing, against Participant alleging a violation of Section 5 not later
than two years following your termination of employment with the Company. 
 7. Successors. The provisions of this
Agreement will benefit and will be binding upon the permitted assigns, successors in interest, personal representatives, estates, heirs and legatees of each of the parties hereto. 

8. Interpretation. The terms of the Restricted Shares are as set forth in this Agreement and in the Plan. The Plan is incorporated
into this Agreement by reference, which means that this Agreement is limited by and subject to the express terms and provisions of the Plan. In the event of a conflict between the terms of this Agreement and the terms of the Plan, the terms of the
Plan shall control. 
 9. Governing Law. This Agreement shall be construed and applied (except as to matters governed by
the Delaware General Corporation Law, as to which Delaware law shall apply) in accordance with the laws of the Commonwealth of Massachusetts. 
 10. Facsimile or Electronic Signature. The parties may execute this Agreement by means of a facsimile or electronic signature. 

11. Entire Agreement; Counterparts. This Agreement and the Plan contains the entire understanding between the parties concerning
the subject contained in this Agreement. Except for the Agreement and the Plan, there are no representations, agreements, arrangements, or understandings, oral or written, between or among the parties hereto, relating to the subject matter of this
Agreement, that are not fully expressed herein. This Agreement may be signed in one or more counterparts, all of which shall be considered one and the same agreement. 
 12. Further Assurances. Each party to this Agreement agrees to perform all further acts and to execute and deliver all further documents as may be reasonably necessary to carry out the intent of
this Agreement. 
 13. Severability. In the event that any of the provisions, or portions thereof, of this Agreement are
held to be unenforceable or invalid by any court of competent jurisdiction, the validity and enforceability of the remaining provisions, or portions thereof, will not be affected, and such unenforceable provisions shall be automatically replaced by
a provision as similar in terms as may be valid and enforceable. 
 14. Construction. Whenever used in this Agreement,
the singular number will include the plural, and the plural number will include the singular, and the masculine or neuter gender shall include the masculine, feminine, or neuter gender. The headings of the Sections of this Agreement have been
inserted for purposes of convenience and shall not be used for interpretive purposes. The Administrator shall have full discretion to interpret and administer this Agreement. Any actions or decisions by the Administrator in connection with this
Agreement shall be conclusive and binding upon the Participant. 
 15. No Effect on Employment. Nothing contained in this
Agreement shall be construed to limit or restrict the right of THG to terminate the Participant’s employment at any time, with or without cause, or to increase or decrease the Participant’s compensation from the rate of compensation in
existence at the time this Agreement is executed. 
 16. Taxes. If at the time the Restricted Shares vests, the Company
determines that under applicable law and regulations it could be liable for the withholding of any federal, state or local tax, Participant shall remit to the 

  
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Company any amounts determined by the Company to be required to be withheld or the Company may, at its option, withhold from such Restricted Shares a sufficient number of shares to satisfy the
minimum federal, state and local tax withholding due, if any, and remit the balance of the Shares to the Participant. 
 The Company makes no
representations to Participant with respect to the tax treatment of any amount paid or payable pursuant to this Award. While this Award is intended to be interpreted and operated to the extent possible so that any such amounts shall be exempt from
the requirements of Section 409A of the Internal Revenue Code (“Section 409A”), in no event shall the Company be liable to Participant for or with respect to any taxes, penalties and/or interest which may be imposed upon any
such amounts pursuant to Section 409A or any other federal or state tax law. To the extent that any such amount should be subject to Section 409A (or any other federal or state tax law), the Participant shall bear the entire risk of any
such taxes, penalties and or interest. 
 IN WITNESS WHEREOF, the parties hereto have entered into this Agreement as of the
Grant Date. 
  

			
	THE HANOVER INSURANCE GROUP, INC.
		
	By:	 	  

	Name: Bryan D. Allen
	Title: Senior Vice President & Chief Human Resources Officer
	
	
	  

	<PARTICIPANT NAME>

  
 - 5 -Form of (Restricted) Stock Award Agreement

 Exhibit 10.29 
 DENDREON CORPORATION 
 (RESTRICTED) STOCK AWARD AGREEMENT 

Pursuant to the (Restricted) Stock Award Grant Notice (“Grant Notice”) and this Stock Award Agreement (“Agreement”)
is entered into as of date on grant notice, between Dendreon Corporation, a Delaware corporation (the “Company”), and you (the “Participant”). 
 WHEREAS, the Company desires to award restricted stock to Participant under the Company’s 2002 Broad Based Equity Incentive Plan (the “Plan”), and Participant desires to accept the award,
subject to the terms and conditions of this Agreement and the Plan; 
 WHEREAS, the grant of restricted stock to Participant has
been duly authorized by all necessary corporate action. 
 NOW, THEREFORE, in consideration of Participant’s past services
to the Company, and for such other good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties agree as follows: 
  

	1	Restricted Stock Award. Subject to the terms and conditions of this Agreement, the Company hereby grants to Participant shares of restricted stock at a purchase
price as set forth on the grant notice. The restricted stock is subject to forfeiture to the Company as set forth in Section 2 below. 

  

	2	Forfeiture Restriction. 

  

	 	2.1	The restricted stock shall vest according to the grant notice. 

  

	 	2.2	Except as provided in a Participant’s employment agreement with the Company, if Participant’s continuous service with the Company or any Subsidiary terminates
for any reason or for no reason, with or without cause, any unvested restricted stock shall be forfeited to the Company. 

 Notwithstanding the above, in the event of (i) a sale, lease or other disposition of all or substantially all of the assets of the Company, (ii) a consolidation or merger of the Company with or
into any other corporation or other entity or person, or any other corporate reorganization, in which the stockholders of the Company immediately prior to such consolidation, merger or reorganization, own less than 50% of the Company’s
outstanding voting power of the surviving entity (or its parent) following the consolidation, merger or reorganization or (iii) any transaction (or series of related transactions involving a person or entity, or a group of affiliated persons or
entities) in which in excess of fifty percent (50%) of the Company’s outstanding voting power is transferred, then the obligations with respect to restricted stock governed by this Agreement shall be assumed by any surviving corporation or
acquiring corporation or such corporation shall substitute similar stock awards (including an award to acquire the same consideration paid to the stockholders in such sale, consolidation, merger or other transaction described herein). In the event
any surviving corporation or acquiring corporation refuses to assume the obligations with respect to the restricted stock governed by this Agreement or to substitute similar stock awards, then with respect to restricted

 
stock held by you pursuant to this Agreement and provided your continuous service to the Company has not terminated, the vesting of such restricted stock shall be accelerated in full. In the
event your continuous service to the Company has terminated at or prior to such event, your restricted stock covered by this Agreement shall be forfeited. 
  

	3	Restriction on Transfer. Participant shall not sell, assign, pledge, or in any manner transfer unvested restricted stock, or any right or interest in unvested
restricted stock, except by will or the laws of descent and distribution. Any sale or transfer, or purported sale or transfer, of unvested restricted stock, or any right or interest in unvested restricted stock, in violation of this Section 3
shall be null and void. The Company will not be required (a) to transfer on its books any restricted stock that have been sold or transferred in violation of any of the provisions set forth in this Agreement or (b) to treat as the owner of
such restricted stock or to accord the right to vote as such owner or to pay dividends to any transferee to whom such restricted stock purport to have been so transferred. 

 

	4	Tax Withholding. 

  

	 	4.1	If Participant makes a timely election under Section 83(b) of Code, Participant acknowledges that, as of the date of such grant, the value of the restricted stock
will be treated as ordinary compensation income for federal and (if applicable) state income and FICA tax purposes, and that Participant will be required to pay to the Company an amount equal to the withholding taxes on this income amount.

  

	 	4.2	If Participant does not make a timely election under Section 83(b) of the Code, Participant acknowledges that, at the time the restricted stock vests, the value of
such vested restricted stock will be treated as ordinary compensation income for federal and (if applicable) state income and FICA tax purposes, and that the Company will be required to withhold taxes on this income amount. Promptly following each
vesting date, the Company will notify Participant of the required withholding amount. Within ten days of such notice, Participant may elect to pay to the Company the required withholding amount by surrendering to the Company for cancellation
restricted stock or other shares of the Company’s common stock valued at the closing market price for the Company’s common stock on the vesting date of such restricted stock. At any time prior to the date of vest, the Participant may elect
to do a cash transfer, sell-to-cover, same-day-sale or payroll deduction through the Company’s selected brokerage firm. If the Participant fails to make a timely election prior to the date of vest, the Company is authorized to automatically
effect a sell-to-cover transaction, or net share withholding, for applicable taxes due and owing by Participant upon the date of vest. 

  

	 	4.3	To the extent the Company is required to withhold any federal, state, local or foreign tax in connection with the issuance or vesting of any restricted stock or other
amounts pursuant to this Agreement, and the amounts available to the Company for such withholding are insufficient, it shall be a condition to the delivery of the shares to Participant that Participant shall pay the tax in cash or make provisions
that are satisfactory to the Company for the payment thereof. 

  
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	 	4.4	Participant acknowledges having reviewed with his/her own tax advisors the federal, state, local and foreign tax consequences of this investment and the transactions
contemplated by this Agreement. Participant is relying solely on such advisors and not on any statements or representations of the Company or any of its agents. Participant understands that Participant (and not the Company) shall be responsible for
his/her own tax liability that may arise as a result of this investment or the transactions contemplated by this Agreement. Participant understands that Section 83 of the Code taxes as ordinary income to him/her the fair market value of the
Common Shares as of the date any restrictions on the shares lapse. 

  

	5	Rights in Shares. Upon the execution and delivery of this Agreement, the award of the restricted stock shall be completed and Participant shall be the owner of
the restricted stock with all voting and other rights of a shareholder, except as limited by this Agreement; provided, however, that such restricted stock, and any additional Common Shares that Participant may become entitled to
receive pursuant a share dividend, a merger, consolidation, separation or reorganization or any other change in the capital structure of the Company, shall be subject to the same restrictions as the restricted stock covered by this Agreement.
Participant acknowledges and agrees that any such restricted stock may be held in book entry form directly registered with the transfer agent or in such other form as the Company may determine. Upon any forfeiture of the restricted stock covered by
this Agreement, the Company shall have the right to cancel the restricted stock in accordance with this Agreement without any further action by Participant. Upon any failure of Participant to pay required withholding, the Company shall have the
right to cancel vested restricted stock with a value equal to the required withholding amount without any further action by Participant. 

  

	6	Issuance of Restricted Stock. The restricted stock shall be registered in Participant’s name and shall be fully paid and nonassessable, and shall be
endorsed with an appropriate legend referring to the restrictions set forth in this Agreement. During the period in which the restrictions on transfer and risk of forfeiture provided in this Agreement are in effect, any certificates representing the
restricted stock shall be retained by the Company, together with the accompanying stock power endorsed in blank by Participant. 

  

	7	Termination. This Agreement will terminate on the earlier of (i) the date any unvested shares of restricted stock are forfeited under Section 2 or
(ii) the date all shares of restricted stock become nonforfeitable under Section 2. 

  

	8	No Employment Agreement. Nothing in this Agreement shall confer upon Participant any right to be employed by the Company or to continue to provide services to
the Company, or affect in any manner the right or power of the Company, or a parent or subsidiary of the Company, to terminate Participant’s service as an employee of the Company at any time for any reason, with or without cause.

  
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	9	Miscellaneous. 

  

	 	9.1	Further Action. The parties agree to execute such further instruments and to take such further action as may reasonably be necessary to carry out the intent of
this Agreement. 

  

	 	9.2	Compliance with Law. The Company will make reasonable efforts to comply with all applicable federal and state securities laws; provided, however, notwithstanding
any other provision of this Agreement, the Company will not be obligated to issue any restricted or nonrestricted shares of Common Stock or other securities pursuant to this Agreement if the issuance thereof would result in a violation of any such
law. 

  

	 	9.3	Rights and Benefits. The rights and benefits of this Agreement shall inure to the benefit of and be enforceable by the Company’s successors and assigns and,
subject to the restrictions on transfer of this Agreement, be binding upon Participant’s heirs, executors, administrators, successors and assigns. 

  

	 	9.4	Applicable Law. This Agreement shall be governed by the law of the State of Washington, without giving effect to conflict of law considerations. In no event
shall punitive or exemplary damages or attorney’s fees be awardable. 

  

	 	9.5	Notices. Any notice required or permitted under this Agreement shall be in writing and shall be deemed sufficient when delivered personally to the party to whom
it is addressed or when deposited into the United States Mail as registered or certified mail, return receipt requested, postage prepaid, addressed to the Company, Attention: Corporate Secretary, at its principal executive offices or to Participant
at the address of Participant in the Company’s records, or at such other address as such party may designate. 

  

	 	9.6	Amendments. Any amendment to the Plan shall be deemed to be an amendment to this Agreement to the extent that the amendment is applicable hereto; provided,
however, that no amendment will adversely affect the rights of Participant under this Agreement without Participant’s consent. 

  

	 	9.7	Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original. 

 

	 	9.8	Compliance with Section 409A of the Code. To the extent applicable, it is intended that this Agreement and the Plan comply with the provisions of
Section 409A of the Code, so that the income inclusion provisions of Section 409A(a)(1) do not apply to Participant. This Agreement and the Plan shall be administered in a manner consistent with this intent. 

 

	 	9.9	 Data Protection. By signing below, Participant consents that the Company may process Participant’s personal data, including name, Social
Security number, address and number of shares of restricted stock (“Data”) exclusively for the purpose of performing this Agreement, in particular in connection with the

  
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restricted stock awarded to Participant. For this purpose the Data may also be disclosed to and processed by companies outside the Company, e.g., banks involved. 

 

	 	9.10	Defined Terms. Defined terms not explicitly defined in this Agreement but defined in the Plan shall have the same definitions as in the Plan.

  
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