Document:

Non-Employee Director Compensation Plan Stock Unit Agreement

 EXHIBIT 10.5 
  

			
	 	 	Non-Employee Director Stock Unit Agreement
	 	 	  ̈        Recipient’s Copy

	 	 	  ̈        Company’s Copy

  
 FTI CONSULTING, INC. NON-EMPLOYEE DIRECTOR COMPENSATION PLAN 
  
 STOCK UNIT AGREEMENT

  
 To
                    : 
  
 FTI Consulting, Inc., a Maryland corporation (the “Company”), has granted you an award (this “Award”) of
                     stock units (the “Stock Units”) under the FTI Consulting, Inc. Non-Employee Director Compensation
Plan, as amended from time to time (the “Plan”), conditioned upon your agreement to the terms and conditions described below. Each Stock Unit represents an unfunded promise by the Company to issue to you, upon a specified
future event, one share of the Company’s common stock, $0.01 par value (the “Common Stock”). The effective date of grant will be
                    , 20     (the “Grant Date”), subject to your promptly signing and
returning a copy of this Agreement (as defined below) to the Company. The Award has been made in fulfillment of: 
  

	 	i.	 ̈ your election under the Plan to defer receipt of your Annual Retainer
payment that was otherwise payable in cash on the Grant Date. 

  

	 	ii.	 ̈ your election under the Plan to receive your Cyclical Equity Grant in the
form of Restricted Stock Units. 

  
 This Agreement
(the “Agreement”) evidences the Award of the Stock Units. The Award is subject in all respects to and incorporates by reference the terms and conditions of the Plan and the FTI Consulting, Inc. 2004 Long-Term Incentive Plan,
as Amended and Restated Effective April 27, 2005, as further amended from time to time (the “LTIP”). By executing this Agreement, you acknowledge that you have received a copy of the Plan, the Supplemental Prospectus for the
Plan, as amended from time to time (the “Supplemental Prospectus”), the LTIP and the Prospectus for the LTIP, as amended from time to time (the “LTIP Prospectus”). You may request additional copies of
the Plan, the Supplemental Prospectus, the LTIP or the LTIP Prospectus by contacting the Secretary of the Company at FTI Consulting, Inc., 900 Bestgate Road, Suite 100, Annapolis, Maryland 21401 (Phone: (410) 224-8770). You also may request from the
Secretary of the Company copies of the other documents that make up a part of the LTIP Prospectus (described more fully at the end of the LTIP Prospectus), as well as all reports, proxy statements and other communications distributed to the
Company’s security holders generally. This Agreement and the Award of the Stock Units are made in consideration of your service as a member of the Board of Directors of the Company. 
  
 1. Terminology; Conflicts. The Glossary at the end of this Agreement includes definitions of capitalized words used
in this Agreement. Unless otherwise specifically provided in this Agreement, in the event of any conflict, ambiguity or inconsistency between or among any defined term in this Agreement, the Plan or the LTIP, the provisions of, first, the Plan,
second, the LTIP, and lastly, this Agreement, will control in that order of priority.  

 2. Terms and Conditions of this Award. The following terms and conditions will apply: 

 
 (b) Credit to Bookkeeping Account. The Stock Units shall be
credited to a bookkeeping account maintained by the Company on your behalf (“Account”) as of the Grant Date. The crediting of the Stock Units to your Account will not entitle you to voting or other rights as a stockholder
until shares of Common Stock are issued upon settlement, but will entitle you to receive Dividend Equivalents.  
  
 (c) Vesting. Your Stock Units shall be subject to the forfeiture and vesting provisions marked with an x below:

  

	 	i.	 ̈ All of the Stock Units are fully vested and nonforfeitable as of the Grant
Date. 

  

	 	ii.	 ̈ All of the Stock Units are nonvested and forfeitable as of the Grant Date.
The Stock Units will vest and no longer be subject to risk of forfeiture as to one-twelfth (1/12th) of the Stock
Units three months after the Grant Date, and as to an additional one-twelfth (1/12th) on such date every third month
thereafter through the three-year anniversary of the Grant Date, provided that you are a Non-Employee Director on the applicable vesting date. 

  
 (d) Acceleration of Vesting. All outstanding unvested Stock Units will become fully vested and nonforfeitable upon the earliest of: 
  

	 	i.	the occurrence of a Change in Control (such vesting will be deemed to occur immediately before such Change in Control), 

  

	 	ii.	your death, or 

  

	 	iii.	your Disability. 

  
 (e) Settlement. 
  
 i. Issuance of Shares of Common Stock. The Stock Units will be settled in shares of Common Stock upon or as soon as practicable
following your Termination Date. Upon settlement, subject to Section 2(d)(iv) of this Agreement, the Company shall issue to you, or your estate as applicable, a number of shares of Common Stock equal to the number of vested Stock Units credited to
your Account on your Termination Date, taking into account the provisions of Section 2(c) of this Agreement. Notwithstanding anything in the Plan or in this Agreement to the contrary, upon the occurrence of a Change in Control Event, all Stock Units
then credited to your Account will be settled and paid out to you on or as soon as practicable after the occurrence of the Change in Control Event, in accordance with the provisions of Code section 409A. 
  
 ii. Forfeiture of Unvested Stock Units. Any Stock
Units that are unvested as of your Termination Date shall be forfeited to the Company for no consideration on such Termination Date. 
  
 iii. Registration of Shares. The shares of Common Stock issued in settlement of the Stock Units shall be registered in your name,
or, if applicable, in the names of your heirs. In the Company’s discretion, such shares may be issued either in certificated form or in uncertificated, book entry form. The certificate or book entry account shall bear such restrictive legends
or restrictions as the Company, in its sole discretion, shall require. 
  

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 iv. Restrictions on Grant of Stock Units and Issuance of Shares of Common Stock.
The grant of the Stock Units and issuance of shares of Common Stock upon settlement of the Stock Units will be subject to and in compliance with all applicable requirements of federal, state or foreign law with respect to such securities. No shares
of Common Stock may be issued hereunder if the issuance of such shares would constitute a violation of any applicable federal, state or foreign securities laws or other law or regulations or the requirements of any stock exchange or market system
upon which the Common Stock may then be listed. The inability of the Company to obtain from any regulatory body having jurisdiction the authority, if any, deemed by the Company’s legal counsel to be necessary to the lawful issuance of any
shares subject to the Stock Units shall relieve the Company of any liability in respect of the failure to issue such shares as to which such requisite authority shall not have been obtained. As a condition to the settlement of the Stock Units, the
Company may require you to satisfy any qualifications that may be necessary or appropriate, to evidence compliance with any applicable law or regulation and to make any representation or warranty with respect thereto as may be requested by the
Company. 
  
 v. Fractional Shares. The
Company will not be required to issue fractional shares of Common Stock upon settlement of the Stock Units. 
  
 (h) Dividend Equivalents. If the Company declares a cash dividend payable to the holders of its Common Stock, as of the payment date for each cash
dividend, your Account will be credited with dividend equivalents in the form of additional Stock Units, which shall be fully vested and nonforfeitable when credited and shall otherwise be subject to the same terms and conditions as the Stock Units
granted pursuant to this Agreement. The number of additional Stock Units credited to your Account shall be equal to the quotient, rounded down to the nearest whole share, determined by dividing (i) the product of (A) the amount of cash dividend per
share of Common Stock multiplied by (B) the number of whole Stock Units credited to your Account as of the record date of the cash dividend, by (ii) the Fair Market Value of a share of Common Stock on the payment date of the dividend. 
  
 3. Restrictions on Transfer. Prior to settlement, you may not sell,
assign, transfer, pledge, hypothecate, encumber or dispose of in any way (whether by operation of law or otherwise) any Stock Units, and Stock Units may not be subject to execution, attachment or similar process. The Company will not be required to
recognize on its books any action taken in contravention of these restrictions. 
  
 4. Legends. The Company may at any time place legends referencing any applicable federal, state or foreign securities law restrictions on all certificates representing shares of Common Stock issued pursuant to
this Agreement. You will, at the request of the Company, promptly present to the Company any and all certificates representing shares acquired pursuant to this Agreement in your possession in order to carry out the provisions of this Section.

  
 5. Tax Withholding. Since you are not an employee of
the Company or any Affiliate, the Company is not required to, and the Company will not, deduct from any compensation or any other payment of any kind due you the amount of any federal, state, local or foreign taxes required to be paid by you as a
result of the grant, vesting or settlement of the Stock Units in whole or in part. You expressly acknowledge that you are solely responsible for the payment of any such federal, state, local or foreign taxes, and you may not rely on the Company for
any assistance with regard to withholding or paying such taxes. 
  
 6. Adjustments for Corporate Transactions and Other Events. 
  
 (a) Stock Dividend, Stock Split and Reverse Stock Split. Upon a stock dividend of, or stock split or reverse stock split affecting, the Common Stock, the number and class of securities subject to the
Stock Units that are nonvested and forfeitable will, without further action of the Committee, be 

  

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adjusted to reflect such event. The Committee may make adjustments, in its discretion, to address the treatment of fractional shares with respect to the
Stock Units as a result of the stock dividend, stock split or reverse stock split. Adjustments under this Section 6 will be made by the Committee, whose determination as to what adjustments, if any, will be made and the extent thereof will be final,
binding and conclusive. 
  
 (b) Binding Nature of
Agreement. The terms and conditions of this Agreement will apply with equal force to any additional and/or substitute rights to receive securities received by you in exchange for, or by virtue of your ownership of, the Stock Units, whether as a
result of any spin-off, stock split-up, stock dividend, stock distribution, other reclassification of the Common Stock of the Company, or other similar event, except as otherwise determined by the Committee. If the Stock Units are converted into or
exchanged for, or stockholders of the Company receive by reason of any distribution in total or partial liquidation or pursuant to any merger of the Company or acquisition of its assets, rights to receive securities of another entity, or other
property (including cash), then the rights of the Company under this Agreement will inure to the benefit of the Company’s successor, and this Agreement will apply to the rights to receive securities or other property received upon such
conversion, exchange or distribution in the same manner and to the same extent as the Stock Units. 
  
 7. Non-Guarantee of Service Relationship. Nothing in the Plan, the LTIP or this Agreement alters your service relationship with the Company or
shall constitute or be evidence of any agreement or understanding, express or implied, that the Company will retain you as a member of the Board of Directors for any period of time. This Agreement is not to be construed as a contract of service
relationship between the Company and you. This Agreement does not limit in any way the possibility of your removal from the Board of Directors in accordance with the By-Law provisions in effect at the relevant time, whether or not such removal
results in the forfeiture of any Award Shares or any other adverse effect on your interests under the Plan. 
  
 8. Rights as Stockholder. You shall not have any of the rights of a stockholder with respect to any shares of Common Stock that may be issued in
settlement of the Stock Units until such shares of Common Stock have been issued to you upon settlement of the Stock Units. No adjustment shall be made for dividends, distributions or other rights for which the record date is prior to the date such
certificate or certificates are issued, except as provided in Sections 2(e) and 6 of this Agreement. 
  
 9. The Company’s Rights. The existence of the Stock Units does not affect in any way the right or power of the Company or its stockholders to
make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company’s capital structure or its business, including that of its subsidiaries, or any merger or consolidation of the Company or any
Affiliate, or any issue of bonds, debentures, preferred or other stocks with preference ahead of or convertible into, or otherwise affecting the Common Stock or the rights thereof, or the dissolution or liquidation of the Company or any Affiliate,
or any sale or transfer of all or any part of the Company’s or any Affiliate’s assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise. 
  
 10. Entire Agreement. This Agreement, inclusive of the Plan and the
LTIP incorporated into this Agreement, contains the entire agreement between you and the Company with respect to the Stock Units. Any and all existing oral or written agreements, representations, warranties, written inducements, or other
communications made prior to the execution of this Agreement by any person with respect to the Award or the Stock Units are superseded by this Agreement and are void and ineffective for all purposes. 
  
 11. Conformity with Plan. This Agreement is intended to conform in all
respects with, and is subject to all applicable provisions of, the Plan and the LTIP. In the event of any ambiguity in this Agreement or any matters as to which this Agreement is silent, the Plan or the LTIP, as applicable, will govern. 

 

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 12. Amendment. This Agreement may be amended from time to time by the Committee in its discretion;
provided, however, that this Agreement may not be modified in a manner that would have a materially adverse effect on the Stock Units as determined in the discretion of the Committee, except as provided in the Plan, the LTIP or in any
other written document signed by you and the Company. 
  
 13.
Governing Law. The validity, construction and effect of this Agreement, and of any determinations or decisions made by the Committee relating to this Agreement, and the rights of any and all persons having or claiming to have any interest
under this Agreement, will be determined exclusively in accordance with the laws of the State of Maryland, without regard to its provisions concerning the applicability of laws of other jurisdictions. Any suit with respect to the Award or the Stock
Units will be brought in the federal or state courts in the districts which include Baltimore, Maryland, and you agree and submit to the personal jurisdiction and venue thereof. 
  
 14. Unfunded Status. The Stock Units and the Account to which they are credited are intended to constitute and at all
times shall be interpreted and administered so as to qualify as an unfunded deferred compensation arrangement for a select group of management of the Company under the Employee Retirement Income Security Act of 1974, as amended. Your settlement
rights pursuant to this Agreement shall be no greater than the right of any unsecured general creditor of the Company. 
  
 15. Headings. Section headings are used in this Agreement for convenience of reference only and shall not affect the meaning of any provision of
this Agreement. 
  
 16. Counterparts. This Agreement may be
executed in counterparts (including electronic signatures or facsimile copies), each of which will be deemed an original, but all of which together will constitute the same instrument. 
  
 {The Glossary follows on the next page.} 
  

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 GLOSSARY 
  

(a) “Affiliate” means any entity, whether now or hereafter existing, which controls, is controlled by, or is under common
control with, the Company (including, but not limited to, joint ventures, limited liability companies and partnerships), as determined by the Committee. 
  
 (b) “Annual Retainer” has the meaning ascribed thereto in the Plan. 
  
 (c) “Board” or “Board of Directors” means the Board of Directors of the
Company. 
  
 (d) “Change in Control” means
(1) the acquisition (other than from the Company) in one or more transactions by any Person of the beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 50% or more of (A) the then outstanding shares of the
securities of the Company, or (B) the combined voting power of the then outstanding securities of the Company entitled to vote generally in the election of directors (the “Company Voting Stock”); (2) the closing of a sale or
other conveyance of all or substantially all of the assets of the Company; or (3) the effective time of any merger, share exchange, consolidation, or other business combination involving the Company if immediately after such transaction persons who
hold a majority of the outstanding voting securities entitled to vote generally in the election of directors of the surviving entity (or the entity owning 100% of such surviving entity) are not persons who, immediately prior to such transaction,
held the Company Voting Stock. 
  
 (e) “Change in
Control Event” has the meaning ascribed thereto under Code section 409A(a)(2)(A)(v) with respect to a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the assets of the
Company. 
  
 (f) “Code” means the Internal
Revenue Code of 1986, as amended, and the regulations and guidance promulgated thereunder. 
  
 (g) “Committee” means the “Plan Administrator” as defined under the Plan. 
  
 (h) “Company” means FTI Consulting, Inc., a Maryland corporation. 
  
 (i) “Cyclical Equity Grant” has the meaning ascribed thereto in the Plan. 
  
 (j) “Disability” means the inability to perform
services on the Board by reason of any medically determinable physical or mental impairment that is expected to result in death or last for a continuous period of not less than twelve months. The Committee may require such proof of Disability as the
Committee in its sole discretion deems appropriate and the Committee’s good faith determination as to whether and when you are totally and permanently disabled will be final and binding on all parties concerned. 
  
 (k) “Exchange Act” means the Securities Exchange Act
of 1934, as amended, and any successor thereto. 
  
 (l)
“Fair Market Value” means, with respect to a share of the Common Stock on the relevant date, the closing price, regular way, reported on the New York Stock Exchange or if no sales of the Common Stock are reported on the New
York Stock Exchange for that date, the closing price for the last previous day for which sales were reported on the New York Stock Exchange. If the Common Stock is no longer listed on the New York Stock Exchange, the Committee may designate such
other exchange, market or source of data as it deems appropriate for determining such value for the purposes of the Plan. For all purposes under the Plan, the term “relevant date” as used in this definition of Fair Market Value
means the date as of which Fair Market Value is to be determined. 
  

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 (m) “Non-Employee Director” means a member of the Board who, at the time of his
or her service, is not an employee of the Company or any Affiliate. 
  
 (n) “Person” means any individual, entity or group within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act, other than employee benefit plans sponsored or maintained by the Company or by entities
controlled by the Company. 
  
 (o) “Termination
Date” means the date on which you cease to serve as a member of the Board. 
  
 (p) “You”; “Your”. You means the recipient of the Stock Units as reflected in the first paragraph of this Agreement. Whenever the word “you” or
“your” is used in any provision of this Agreement under circumstances where the provision should logically be construed, as determined by the Committee, to apply to the estate, personal representative, or beneficiary to whom the Stock
Units may be transferred by will or by the laws of descent and distribution, the words “you” and “your” will be deemed to include such person. 
  
 {The signature page follows.} 
  

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 IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly authorized officer
this      day of                     , 20    . 
  

					
	 	 	FTI CONSULTING, INC.
			
	 	 	By:	 	  

			
	 	 	Date:	 	  

  
 The undersigned hereby
acknowledges that he/she has carefully read this Agreement and agrees to be bound by all of the provisions set forth herein. 
  

					
	WITNESS	 	AWARD RECIPIENT
		
	  

	 	  

			
	 	 	Date:	 	  

  

 8Employee Stock Purchase Plan

 Exhibit 10.86 
  
 PHARMACEUTICAL PRODUCT DEVELOPMENT, INC. 
 EMPLOYEE STOCK PURCHASE PLAN 
  
 Instrument of Amendment 
  
 THIS INSTRUMENT OF
AMENDMENT (the “Instrument”) is executed this 18th day of May, 2005 by PHARMACEUTICAL PRODUCT DEVELOPMENT,
INC., a North Carolina corporation (the “Company”). 
  
 Statement of Purpose 
  
 The Company sponsors the
Pharmaceutical Product Development, Inc. Employee Stock Purchase Plan (the “Plan”). The Plan was amended and restated effective July 1, 2005, in part to reflect a change in the method of determining the purchase price for shares under the
Plan in order for the Plan to be treated as a noncompensatory plan under the Financial Accounting Standards Board Statement No. 123(R) Share-Based Payment, as revised in 2004 (“FAS 123(R)”). This change would have caused the purchase price
to be determined as 95% of the market price of the Company’s common stock on the last day of the applicable “Offering Period” under the Plan, instead of 85% of the market price of the Company’s common stock on either the first
day or last day of the applicable Offering Period, whichever is less. Recently, the effective date of FAS 123(R) has been changed from the first fiscal quarter beginning after June 15, 2005 to the first fiscal year beginning after June 15, 2005. The
Company desires to amend the Plan as set forth herein to preserve the prior formula for determining the purchase price for all Offering Periods prior to the first Offering Period in which FAS 123(R) will become effective. The amendment set forth
herein has been approved by the Company’s Board of Directors in accordance with Section 7.1 of the Plan. 
  
 NOW, THEREFORE, Section 3.3 of the Plan is hereby amended effective as of the date hereof as follows: 
  
 “Section 3.3. Determination of Purchase Price for
Offered Common Stock. For any Offering Period beginning prior to the first Offering Period in which Financial Accounting Standards Board Statement No. 123(R) Share-Based Payment, as revised in 2004 (“FAS 123(R)”) will become effective,
the purchase price per share of the shares of Common Stock offered to Participants pursuant to an Offering shall be equal to eighty-five percent (85%) of the lesser of: 
  
 (a) the Fair Market Value of a share of Common Stock as of the first day of the Offering Period for such
Offering; or 
  
 (b) the Fair Market Value of a
share of Common Stock as of the last day of the Offering Period for such Offering; provided, however, that in no event shall the purchase price be less than the par value of a share of Common Stock. 

 For any Offering Period in which FAS 123(R) will become effective, the purchase price per
share of the shares of Common Stock offered to Participants pursuant to an Offering shall be equal to ninety-five percent (95%) of the Fair Market Value of a share of Common Stock as of the last day of the Offering Period for such Offering;
provided, however, that in no event shall the purchase price be less than the par value of a share of Common Stock.” 
  
 Except as expressly or by necessary implication amended hereby, the Plan shall continue in full force and effect. 
  
 IN WITNESS WHEREOF, the Company has caused this Instrument to be executed by
its duly authorized officer as of the day and year first above written. 
  

			
	PHARMACEUTICAL PRODUCT DEVELOPMENT, INC.
		
	By:	 	 /s/ Fred N. Eshelman

	Name:	 	Fred N. Eshelman
	Title:	 	Chief Executive Officer

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