Document:

EXHIBIT 10.5

Exhibit 10.5

	 	 	 
	 

	 	Non-Executives
	 

	 	Option No.:                     

AMERICAN COMMERCIAL LINES INC.

2008 OMNIBUS INCENTIVE PLAN

INCENTIVE STOCK OPTION AGREEMENT

American Commercial Lines Inc., a Delaware corporation (the “Company”), hereby grants an option to
purchase shares of its common stock, $.01 par value, (the “Stock”) to the optionee named below.
The terms and conditions of the option are set forth in this cover sheet and the attachment
(collectively, the “Agreement”), and in the Company’s 2008 Omnibus Incentive Plan (the “Plan”).

Grant Date:                                         , 200                    

Name of Optionee:                                                             

Optionee’s Employee Identification Number:                     -                    -                    

Number of Shares Covered by Option:                                         

Option Price per Share: $                    .                    

Vesting Start Date:                                         , 200                    

Vesting Schedule

     In the event that the Schedule set forth below would result in vesting of a fractional number
of options, the number of options that will vest will be rounded down to the nearest whole share,
and the last scheduled vesting tranche will be rounded up, to the extent necessary, so that the
full number of options will have vested.

	 	 	 
	Vesting Date

	 	Number of options that vest, as a percentage of the number of options granted

<<<VESTING DETAIL TO BE INSERTED AS APPLICABLE>>>>

	 	 	 	 	 	 	 
	Company:
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	 	 	(Signature)	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 

	 	 

 

 

Attachment

This is not a stock certificate or a negotiable instrument. In the event any provision of this
Agreement should appear to be inconsistent with the terms of the Plan, the Plan document will
control.

2

 

AMERICAN COMMERCIAL LINES INC.

2008 OMNIBUS INCENTIVE PLAN

INCENTIVE STOCK OPTION AGREEMENT

	 	 	 
	Incentive Stock Option

	 	This option is intended to be an
incentive stock option under
Section 422 of the Internal Revenue
Code and will be interpreted
accordingly. If you cease to be an
employee of the Company, its parent
or a subsidiary (“Employee”) but
continue to provide Service, this
option will be deemed a
nonstatutory stock option three
months after you cease to be an
Employee. In addition, to the
extent that all or part of this
option exceeds the $100,000 rule of
section 422(d) of the Internal
Revenue Code, this option or the
lesser excess part will be deemed
to be a nonstatutory stock option.
	 
	 	 
	Vesting

	 	This option is only exercisable
before it expires and then only
with respect to the vested portion
of the option. Subject to the
preceding sentence, you may
exercise this option, in whole or
in part, to purchase a whole number
of vested shares by following the
procedures set forth in the Plan
and below in this Agreement.

	 
	 	 
	 

	 	Except as may be provided in this
Agreement or other agreements
between you and the Company, no
additional shares of Stock will
vest after your Service has
terminated for any reason.
	 
	 	 
	Term

	 	Your option will expire in any
event at the close of business at
Company headquarters on the day
before the 10th anniversary of the
Grant Date, as shown on the cover
sheet. Your option will expire
earlier if your Service terminates,
as described below.
	 
	 	 
	Regular Termination

	 	If your Service terminates for any
reason, other than death,
Disability or Cause, then your
option will expire at the close of
business at Company headquarters on
the 90th day after your termination
date.
	 
	 	 
	Termination for 

Cause

	 	If your Service is terminated for
Cause, then you shall immediately
forfeit all rights to your option
and the option shall immediately
expire.
	 
	 	 
	Death

	 	If your Service terminates because
of your death, your option will
automatically be fully vested and
will expire at the close of
business at Company headquarters on
the date twelve (12) months after
the date of death. During that
twelve month period, your estate or
heirs may exercise the vested
portion of your option.
	 
	 	 
	 

	 	In addition, if you die during the
90-day period described in
connection with a regular
termination (i.e., a termination of
your Service not on account of your
death, Disability or Cause), and a vested portion of 

3

 

	 	 	 
	 

	 	your option has
not yet been exercised, then your
option will instead expire on the
date twelve (12) months after your
termination date. In such a case,
during the period following your
death up to the date twelve (12)
months after your termination date,
your estate or heirs may exercise
the vested portion of your option.
	 
	 	 
	Disability

	 	If your Service terminates because
of your Disability, your option
will automatically be fully vested
and your option will expire at the
close of business at Company
headquarters on the date twelve
(12) months after your termination
date.
	 
	 	 
	Leaves of Absence

	 	For purposes of this option, your
Service does not terminate when you
go on a bona fide employee leave of
absence that was approved by the
Company in writing, if the terms of
the leave provide for continued
Service crediting, or when
continued Service crediting is
required by applicable law.
However, your Service will be
treated as terminating 90 days
after you went on employee leave,
unless your right to return to
active work is guaranteed by law or
by a contract. Your Service
terminates in any event when the
approved leave ends unless you
immediately return to active
employee work.
	 
	 	 
	 

	 	The Company determines, in its sole
discretion, which leaves count for
this purpose, and when your Service
terminates for all purposes under
the Plan.
	 
	 	 
	Notice of Exercise

	 	When you wish to exercise this
option, you must notify the Company
or its designated agent by filing
the proper “Notice of Exercise”
form at the address given on the
form. Your notice must specify how
many shares you wish to purchase.
Your notice must also specify how
your shares of Stock should be
registered (in your name only or in
your and your spouse’s names as
joint tenants with right of
survivorship). The notice will be
effective when it is received by
the Company.
	 
	 	 
	 

	 	If someone else wants to exercise
this option after your death, that
person must prove to the Company’s
satisfaction that he or she is
entitled to do so.
	 
	 	 
	Form of Payment

	 	When you submit your notice of
exercise, you must include payment
of the option price for the shares
you are purchasing. Payment may be
made in one (or a combination) of
the following forms:
	 
	 	 
	 

	 	• Cash, your personal check,
a cashier’s check, a money order or
another cash equivalent acceptable
to the Company.

4

 

	 	 	 
	 

	 	• Shares of Stock withheld by
the Company from the shares of
Stock otherwise to be received,
with such withheld shares having an
aggregate Fair Market Value on the
date of exercise equal to the
aggregate option price.
	 
	 	 
	 

	 	• Shares of Stock which have
already been owned by you and which
are surrendered to the Company. The
Fair Market Value of the shares,
determined as of the effective date
of the option exercise, will be
applied to the option price.
	 
	 	 
	 

	 	• By delivery (on a form
prescribed by the Company) of an
irrevocable direction to a licensed
securities broker acceptable to the
Company to sell Stock and to
deliver all or part of the sale
proceeds to the Company in payment
of the aggregate option price and
any withholding taxes.
	 
	 	 
	Withholding Taxes

	 	You will not be allowed to exercise
this option unless you make
acceptable arrangements to pay any
withholding or other taxes that may
be due as a result of the option
exercise or sale of Stock acquired
under this option. Any of the
methods described under “Form of
Payment” will be considered
acceptable arrangements for paying
such taxes.
	 
	 	 
	Transfer of Option

	 	During your lifetime, only you (or,
in the event of your legal
incapacity or incompetency, your
guardian or legal representative)
may exercise the option. You
cannot transfer or assign this
option. For instance, you may not
sell this option or use it as
security for a loan. If you
attempt to do any of these things,
this option will immediately become
invalid. You may, however, dispose
of this option in your will or it
may be transferred upon your death
by the laws of descent and
distribution.
	 
	 	 
	 

	 	Regardless of any marital property
settlement agreement, the Company
is not obligated to honor a notice
of exercise from your spouse, nor
is the Company obligated to
recognize your spouse’s interest in
your option in any other way.
	 
	 	 
	Limitations, Retention Rights

	 	The terms and conditions of this
Agreement and your rights in
connection with any shares of Stock
received upon your exercise of the
option are subject to the Company’s
Executive Officer Stock Ownership
Guidelines.
	 
	 	 
	 

	 	Neither your option nor this
Agreement give you the right to be
retained by the Company (or any
Parent, Subsidiaries or Affiliates)
in any capacity. The Company (and
any Parent, Subsidiaries or
Affiliates) reserves the right to
terminate your Service at any time
and for any reason.

5

 

	 	 	 
	Shareholder Rights

	 	You, or your estate or heirs, have
no rights as a shareholder of the
Company until a certificate for
your option’s shares has been
issued (or an appropriate book
entry has been made). No
adjustments are made for dividends
or other rights if the applicable
record date occurs before your
stock certificate is issued (or an
appropriate book entry has been
made), except as described in the
Plan.
	 
	 	 
	Forfeiture of Rights

	 	If you should take actions in
competition with the Company, the
Company shall have the right to
cause a forfeiture of your rights,
including, but not limited to, the
right to cause: (i) a forfeiture of
any outstanding option, and
(ii) with respect to the period
commencing twelve (12) months prior
to your termination of Service with
the Company and ending twelve (12)
months following such termination
of Service (A) a forfeiture of any
gain recognized by you upon the
exercise of an option or (B) a
forfeiture of any Stock acquired by
you upon the exercise of an option
(but the Company will pay you the
option price without interest).
Unless otherwise specified in an
employment or other agreement
between the Company and you, you
take actions in competition with
the Company if you directly or
indirectly, own, manage, operate,
join or control, or participate in
the ownership, management,
operation or control of, or are a
proprietor, director, officer,
stockholder, member, partner or an
employee or agent of, or a
consultant to any business, firm,
corporation, partnership or other
entity which competes with any
business in which the Company or
any of its Affiliates is engaged
during your employment or other
relationship with the Company or
its Affiliates or at the time of
your termination of Service. Under
the prior sentence, ownership of
less than 1% of the securities of a
public company shall not be treated
as an action in competition with
the Company.
	 
	 	 
	 

	 	Further, if it is ever determined
by the Board, as recommended by the
Audit Committee of the Company,
that your actions have constituted
wrongdoing that contributed to any
material misstatement or omission
from any report or statement filed
by the Company with the U.S.
Securities and Exchange Commission,
gross misconduct, breach of
fiduciary duty to the Company, or
fraud, then your option shall be
immediately forfeited and thereupon
your option shall be cancelled;
provided, however, that if you have
exercised your option within two
years prior to the Board
determination, you shall be
required to pay to the Company an
amount equal to the difference
between the aggregate value of the
shares of Stock acquired upon such
exercise of the option at the date
of the Board determination and the
aggregate exercise price paid by
you. In addition, your option and
gains resulting from the exercise
of the option, shall be subject to
forfeiture in accordance with the
Company’s standard policies
relating to such forfeitures and
clawbacks, as such policies are in
effect at the time of grant of the
option.

6

 

	 	 	 
	Adjustments

	 	In the event of a stock split, a
stock dividend or a similar change
in the Stock, the number of shares
covered by this option and the
option price per share shall be
adjusted (and rounded down to the
nearest whole number) if required
pursuant to the Plan. Your option
shall be subject to the terms of
the agreement of merger,
liquidation or reorganization in
the event the Company is subject to
such corporate activity.
	 
	 	 
	Applicable Law

	 	This Agreement will be interpreted
and enforced under the laws of the
State of Delaware, other than any
conflicts or choice of law rule or
principle that might otherwise
refer construction or
interpretation of this Agreement to
the substantive law of another
jurisdiction.
	 
	 	 
	The Plan

	 	The text of the Plan is
incorporated in this Agreement by
reference. Certain capitalized
terms used in this Agreement are
defined in the Plan, and have the
meaning set forth in the Plan.
	 
	 	 
	 

	 	This Agreement and the Plan
constitute the entire understanding
between you and the Company
regarding this option. Any prior
agreements, commitments or
negotiations concerning this option
are superseded.
	 
	 	 
	Data Privacy

	 	In order to administer the Plan,
the Company may process personal
data about you. Such data includes
but is not limited to the
information provided in this
Agreement and any changes thereto,
other appropriate personal and
financial data about you such as
home address and business addresses
and other contact information,
payroll information and any other
information that might be deemed
appropriate by the Company to
facilitate the administration of
the Plan.
	 
	 	 
	 

	 	By accepting this option, you give
explicit consent to the Company to
process any such personal data.
You also give explicit consent to
the Company to transfer any such
personal data outside the country
in which you work or are employed,
including, with respect to non-U.S.
resident Optionees, to the United
States, to transferees who shall
include the Company and other
persons who are designated by the
Company to administer the Plan.
	 
	Consent to Electronic Delivery

	 	The Company may choose to deliver
certain statutory materials
relating to the Plan in electronic
form. By accepting this option
grant you agree that the Company
may deliver the Plan prospectus and
the 

7

 

	 	 	 
	 

	 	 Company’s annual report to you
in an electronic format. If at any
time you would prefer to receive
paper copies of these documents, as
you are entitled to, the Company
would be pleased to provide copies.
Please contact the Plan’s
recordkeeper, Merrill Lynch at
888-888-8888 to request paper
copies of these documents.

8EXHIBIT 10.6

Exhibit 10.6

Grant No.:                     

AMERICAN COMMERCIAL LINES INC.

2008 OMNIBUS INCENTIVE PLAN

RESTRICTED STOCK AGREEMENT

American Commercial Lines Inc., a Delaware corporation (the “Company”), hereby grants shares of its
common stock, $.01 par value (the “Stock”), to the Grantee named below, subject to the vesting
conditions set forth in the attachment. Additional terms and conditions of the grant are set forth
in this cover sheet and in the attachment (collectively, the “Agreement”) and in the Company’s 2008
Omnibus Incentive Plan (the “Plan”).

Grant Date:                          ,                     

Name of Grantee:                                         

Grantee’s Employee Identification Number:                                         

Number of Shares of Stock Covered by Grant:                     

Purchase Price per Share of Stock: $                    .     

Vesting Start Date:                     , 200    

	 	 	 
	Vesting Date

	 	Number of shares of Stock that vest, 
as a percentage of the number of 
shares of Stock granted

<<<VESTING DETAIL TO BE INSERTED AS APPLICABLE>>>>

	 	 	 	 	 
	Company:
	 	 	 	 
	 

	 	 

(Signature)
	 	 
	 
	 	 	 	 
	Title:
	 	 	 	 
	 

	 	 

	 	 

Attachment

This is not a stock certificate or a negotiable instrument. In the event any provision of this
Agreement should appear to be inconsistent with the terms of the Plan, the Plan document will
control.

 

 

AMERICAN COMMERCIAL LINES INC.

2008 OMNIBUS INCENTIVE PLAN

RESTRICTED STOCK AGREEMENT

	 	 	 
	Restricted Stock/ Nontransferability

	 	This grant is an award of Stock in
the number of shares set forth on
the cover sheet, at the purchase
price set forth on the cover sheet,
and subject to the vesting
conditions described below
(“Restricted Stock”). The purchase
price is deemed paid by your prior
services to the Company. To the
extent not yet vested, your
Restricted Stock may not be
transferred, assigned, pledged or
hypothecated, whether by operation
of law or otherwise, nor may the
Restricted Stock be made subject to
execution, attachment or similar
process.
	 
	 	 
	Vesting

	 	The Company will issue your
Restricted Stock in your name as of
the Grant Date.
	 
	 	 
	 

	 	Your right to the Stock under this
Restricted Stock Agreement vests in
accordance with the schedule shown
on the cover sheet, (each such date
of vesting, an “Anniversary Date”),
provided you then continue in
Service. If, however, such
Anniversary Date occurs during a
period in which you are (i) subject
to a lock-up agreement restricting
your ability to sell shares of Stock
in the open market or (ii)
restricted from selling shares of
Stock in the open market because you
are not then eligible to sell under
the Company’s insider trading or
similar plan as then in effect
(whether because a trading window is
not open or you are otherwise
restricted from trading), vesting in
such shares of Stock will be delayed
until the first date on which you
are no longer prohibited from
selling shares of Stock due to a
lock-up agreement or insider trading
plan restriction (the “Vesting
Date”), and provided, further, that
you have been continuously in
Service to the Company or a
Subsidiary from the Grant Date until
the Vesting Date. The resulting
aggregate number of vested shares of
Stock will be rounded down to the
nearest whole number, and you cannot
vest in more than the number of
shares covered by this grant.
	 
	 	 
	Forfeiture of Unvested Stock

	 	Except as otherwise provided in this
Agreement, in the event that your
Service terminates for any reason,
you will forfeit to the Company all
of the shares of Stock subject to
this grant that have not yet vested
or with respect to which all
applicable restrictions and
conditions have not lapsed.
	 
	 	 
	Cause

	 	If your Service is terminated for
Cause, then you shall immediately
forfeit all your rights to your
Restricted Stock.

2

 

	 	 	 
	Death

	 	If your Service terminates because
of your death, the Restricted Stock
granted under this Agreement will
automatically be full vested.
	 
	 	 
	Disability

	 	If your Service terminates because
of your Disability, the Restricted
Stock granted under this Agreement
will automatically be full vested.
	 
	 	 
	Leaves of Absence

	 	For purposes of this grant of
Restricted Stock, your Service does
not terminate when you go on a bona
fide employee leave of absence that
was approved by the Company in
writing, if the terms of the leave
provide for continued Service
crediting, or when continued Service
crediting is required by applicable
law. However, your Service will be
treated as terminating 90 days after
you went on employee leave, unless
your right to return to active work
is guaranteed by law or by a
contract. Your Service terminates
in any event when the approved leave
ends unless you immediately return
to active employee work.
	 
	 	 
	 

	 	The Company determines, in its sole
discretion, which leaves count for
this purpose, and when your Service
terminates for all purposes under
the Plan.
	 
	 	 
	Issuance

	 	The issuance of the Stock under this
grant shall be evidenced in such a
manner as the Company, in its
discretion, will deem appropriate,
including, without limitation,
book-entry, registration or issuance
of one or more Stock certificates,
with any unvested Restricted Stock
bearing a legend with the
appropriate restrictions imposed by
this Agreement. As your interest in
the Stock vests as described above,
the recordation of the number of
shares of Restricted Stock
attributable to you will be
appropriately modified.
	 
	 	 
	Withholding Taxes

	 	You agree, as a condition of this
grant, that you will make acceptable
arrangements to pay any withholding
or other taxes that may be due as a
result of the payment of dividends
or the vesting of Stock acquired
under this grant.
	 
	 	 
	 

	 	Payment may be made in one (or a
combination) of the following forms:
	 
	 	 
	 

	 	          •     Cash, your personal check, a
cashier’s check, a money order or
another cash equivalent acceptable
to the Company.

3

 

	 	 	 
	 

	 	          •     Shares of Stock withheld by
the Company from the shares of Stock
otherwise to be received, with such
withheld shares having an aggregate
Fair Market Value equal to the
withholding obligations.
	 
	 	 
	 

	 	          •     Shares of Stock which have
already been owned by you and which
are surrendered to the Company. The
Fair Market Value of the shares will
be applied to the withholding
obligations.
	 
	 	 
	 

	 	          •     By delivery (on a form
prescribed by the Company) of an
irrevocable direction to a licensed
securities broker acceptable to the
Company to sell Stock and to deliver
all or part of the sale proceeds to
the Company in payment of the
withholding taxes.
	 
	 	 
	Section 83(b)
Election

	 	Under Section 83 of the Internal
Revenue Code of 1986, as amended
(the “Code”), the difference between
the purchase price paid for the
shares of Stock and their fair
market value on the date any
forfeiture restrictions applicable
to such shares lapse will be
reportable as ordinary income at
that time. For this purpose,
“forfeiture restrictions” include
the forfeiture as to unvested Stock
described above. You may elect to
be taxed at the time the shares are
acquired, rather than when such
shares cease to be subject to such
forfeiture restrictions, by filing
an election under Section 83(b) of
the Code with the Internal Revenue
Service within thirty (30) days
after the Grant Date. You will have
to make a tax payment to the extent
the purchase price is less than the
fair market value of the shares on
the Grant Date. No tax payment will
have to be made to the extent the
purchase price is at least equal to
the fair market value of the shares
on the Grant Date. The form for
making this election is attached as
Exhibit A hereto. Failure to make
this filing within the thirty (30)
day period will result in the
recognition of ordinary income by
you (in the event the fair market
value of the shares as of the
vesting date exceeds the purchase
price) as the forfeiture
restrictions lapse.
	 
	 	 
	 

	 	YOU ACKNOWLEDGE THAT IT IS YOUR SOLE
RESPONSIBILITY, AND NOT THE
COMPANY’S, TO FILE A TIMELY ELECTION
UNDER SECTION 83(b), EVEN IF YOU
REQUEST THE COMPANY OR ITS
REPRESENTATIVES TO MAKE THIS FILING
ON YOUR BEHALF. YOU ARE RELYING
SOLELY ON YOUR OWN ADVISORS WITH
RESPECT TO THE DECISION AS TO
WHETHER OR NOT TO FILE ANY 83(b)
ELECTION.

4

 

	 	 	 
	Limitations, Retention Rights

	 	The terms and conditions of this
Agreement and your rights in
connection with any vested shares of
Restricted Stock are subject to the
Company’s Executive Officer Stock
Ownership Guidelines.
	 
	 	 
	 

	 	This Agreement does not give you the
right to be retained or employed by
the Company (or any of its
Affiliates) in any capacity. The
Company (and any Affiliates) reserve
the right to terminate your Service
at any time and for any reason.
	 
	 	 
	Shareholder Rights

	 	You have the right to vote the
Restricted Stock and to receive any
dividends declared or paid on such
stock. Any distributions you
receive as a result of any stock
split, stock dividend, combination
of shares or other similar
transaction shall be deemed to be a
part of the Restricted Stock and
subject to the same conditions and
restrictions applicable thereto.
The Company may in its sole
discretion require any dividends
paid on the Restricted Stock to be
reinvested in shares of Stock, which
the Company may in its sole
discretion deem to be a part of the
shares of Restricted Stock and
subject to the same conditions and
restrictions applicable thereto.
Except as described in the Plan, no
adjustments are made for dividends
or other rights if the applicable
record date occurs before your stock
certificate is issued.
	 
	 	 
	Forfeiture of Rights

	 	If you should take actions in
competition with the Company, the
Company shall have the right to
cause a forfeiture of your rights,
including, but not limited to, the
right to cause: (i) a forfeiture of
any outstanding shares of Restricted
Stock, and (ii) with respect to the
period commencing twelve (12) months
prior to your termination of Service
with the Company and ending twelve
(12) months following such
termination of Service (A) a
forfeiture of any gain recognized by
you upon the sale of any shares of
Stock subject this award or (B) a
forfeiture of any vested Stock held
by you as a result of the vesting of
the Restricted Stock. Unless
otherwise specified in an employment
or other agreement between the
Company and you, you take actions in
competition with the Company if you
directly or indirectly, own, manage,
operate, join or control, or
participate in the ownership,
management, operation or control of,
or are a proprietor, director,
officer, stockholder, member,
partner or an employee or agent of,
or a consultant to any business,
firm, corporation, partnership or
other entity which competes with any
business in which the Company or any
of its Affiliates is engaged during
your employment or other
relationship with the Company or its
Affiliates or at the time of your
termination of Service. Under the
prior sentence, ownership of less
than 1% of the securities of a
public company shall not be treated
as an action in competition with the
Company.

5

 

	 	 	 
	 

	 	Further, if it is ever determined by
the Board, as recommended by the
Audit Committee of the Company, that
your actions have constituted
wrongdoing that contributed to any
material misstatement or omission
from any report or statement filed
by the Company with the U.S.
Securities and Exchange Commission,
gross misconduct, breach of
fiduciary duty to the Company, or
fraud, then your Restricted Stock
and any vested shares of Stock held
by you as a result of the vesting of
your Restricted Stock shall be
immediately forfeited and thereupon
your Restricted Stock and such
vested Stock shall be cancelled;
provided, however, that if you have
vested in your Restricted Stock and
sold the underlying shares of Stock
within two years prior to the Board
determination, you shall be required
to pay to the Company an amount
equal to the aggregate value of the
shares of Stock sold. In addition,
your Restricted Stock, vested Stock
underlying your award of Restricted
Stock and gains resulting from the
sale of shares of Stock underlying
vested Restricted Stock, shall be
subject to forfeiture in accordance
with the Company’s standard policies
relating to such forfeitures and
clawbacks, as such policies are in
effect at the time of grant of the
Restricted Stock.
	 
	 	 
	Adjustments

	 	In the event of a stock split, a
stock dividend or a similar change
in the Company Stock, the number of
shares covered by this grant shall
be adjusted (and rounded down to the
nearest whole number) pursuant to
the Plan. Your Restricted Stock
shall be subject to the terms of the
agreement of merger, liquidation or
reorganization in the event the
Company is subject to such corporate
activity in accordance with the
terms of the Plan.
	 
	 	 
	Legends

	 	All certificates representing the
Stock issued in connection with this
grant shall, where applicable, have
endorsed thereon the following
legend:
	 
	 	 
	 

	 	“THE SHARES REPRESENTED BY THIS
CERTIFICATE ARE SUBJECT TO CERTAIN
RESTRICTIONS ON TRANSFER SET FORTH
IN AN AGREEMENT BETWEEN THE COMPANY
AND THE REGISTERED HOLDER, OR HIS OR
HER PREDECESSOR IN INTEREST. A COPY
OF SUCH AGREEMENT IS ON FILE AT THE
PRINCIPAL OFFICE OF THE COMPANY AND
WILL BE FURNISHED UPON WRITTEN
REQUEST TO THE SECRETARY OF THE
COMPANY BY THE HOLDER OF RECORD OF
THE SHARES REPRESENTED BY THIS
CERTIFICATE.”

6

 

	 	 	 
	Applicable Law

	 	This Agreement will be interpreted
and enforced under the laws of the
State of Delaware, other than any
conflicts or choice of law rule or
principle that might otherwise refer
construction or interpretation of
this Agreement to the substantive
law of another jurisdiction.
	 
	 	 
	The Plan

	 	The text of the Plan is incorporated
in this Agreement by reference.
Certain capitalized terms used in
this Agreement are defined in the
Plan, and have the meaning set forth
in the Plan.
	 
	 	 
	 

	 	This Agreement and the Plan
constitute the entire understanding
between you and the Company
regarding this grant of Restricted
Stock. Any prior agreements,
commitments or negotiations
concerning this grant are
superseded.
	 
	 	 
	Data Privacy

	 	In order to administer the Plan, the
Company may process personal data
about you. Such data includes but
is not limited to the information
provided in this Agreement and any
changes thereto, other appropriate
personal and financial data about
you such as home address and
business addresses and other contact
information, payroll information and
any other information that might be
deemed appropriate by the Company to
facilitate the administration of the
Plan.
	 
	 	 
	 

	 	By accepting this grant, you give
explicit consent to the Company to
process any such personal data. You
also give explicit consent to the
Company to transfer any such
personal data outside the country in
which you work or are employed,
including, with respect to non-U.S.
resident Grantees, to the United
States, to transferees who shall
include the Company and other
persons who are designated by the
Company to administer the Plan.
	 
	 	 
	Consent to Electronic Delivery

	 	The Company may choose to deliver
certain statutory materials relating
to the Plan in electronic form. By
accepting this grant you agree that
the Company may deliver the Plan
prospectus and the Company’s annual
report to you in an electronic
format.

7

 

EXHIBIT A 

ELECTION UNDER SECTION 83(b) OF

THE INTERNAL REVENUE CODE

            The undersigned hereby makes an election pursuant to Section 83(b) of the Internal Revenue
Code with respect to the property described below and supplies the following information in
accordance with the regulations promulgated thereunder:

            1. The name, address and social security number of the undersigned:

	 	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Address:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 

	 	 	 	 	 	 	 
	 

	 	Social Security No. :	 	 	 	 
	 

	 	 	 	 

	 	 

            2. Description of property with respect to which the election is being made:

                                 shares of common stock, par value $.01 per share, American Commercial Lines Inc., a Delaware
corporation, (the “Company”).

            3. The date on which the property was transferred is                           , 200     .

            4. The taxable year to which this election relates is calendar year 200     .

            5. Nature of restrictions to which the property is subject:

          The shares of stock are subject to the provisions of a Restricted Stock Agreement
between the undersigned and the Company. The shares of stock are subject to forfeiture
under the terms of the Agreement.

            6. The fair market value of the property at the time of transfer (determined without regard to
any lapse restriction) was $                     per share, for a total of $                    .

            7. The amount paid by taxpayer for the property was $                    .

            8. A copy of this statement has been furnished to the Company.

Dated:                     , 200     

	 	 	 
	 

	 	 
	 

	 	Taxpayer’s Signature
	 
	 	 
	 
	 

	 	 
	 

	 	Taxpayer’s Printed Name

 

 

PROCEDURES FOR MAKING ELECTION

UNDER INTERNAL REVENUE CODE SECTION 83(b)

               The following procedures must be followed with respect to the attached form for making an
election under Internal Revenue Code section 83(b) in order for the election to be
effective:1

               1. You must file one copy of the completed election form with the IRS Service Center where you
file your federal income tax returns within 30 days after the Grant Date of your Restricted
Stock.

               2. At the same time you file the election form with the IRS, you must also give a copy of the
election form to the Secretary of the Company.

               3. You must file another copy of the election form with your federal income tax return
(generally, Form 1040) for the taxable year in which the stock is transferred to you.

 

			
	1	 	Whether or not to make the election is your decision and
may create tax consequences for you. You are advised to consult your tax
advisor if you are unsure whether or not to make the election.

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