Document:

Untitled Document

Exhibit 10.2

 R E S T R I C T E D   S T O C K   A G R E E M E N T

  Non-transferable 

      

    G R A N T   T O 

    

    T H E O D O R E   P.   S C H R A F F T 

  (“Grantee”) 

  

    by Premiere Global Services, Inc. (the “Company”)
  of 

  240,000 

 shares of its common stock, $0.01 par value
    (the “Shares”) 

 pursuant to and subject to the provisions of the
    Premiere Global Services, Inc. 1995 Stock Plan (the “Plan”) and
    to the terms and conditions set forth on the following page (the “Terms
    and Conditions”).

            Unless sooner vested in accordance with Section
    3 of the Terms and Conditions, the restrictions imposed under Section 2 of
    the Terms and Conditions will expire as follows: 15,000 Shares will vest
    in sixteen (16) equal quarterly installments on the last day of each calendar
    quarter beginning June 30, 2006; provided that Grantee is then still employed
    by the Company or any of its Affiliates.

            IN WITNESS WHEREOF, Premiere Global Services,
    Inc., acting by and through its duly authorized officers, has caused this
    Agreement to be executed as of the Grant Date.

	 	 PREMIERE GLOBAL
        SERVICES, INC.  
	 	 
	 	 
	 	 By:  	 /s/
        L. Scott Askins  
		 	
      

    
	 	  	 L. Scott Askins  
	 	 Its:  	 SVP – Legal
        and General Counsel  
	 	 	 
	 	 	 
	 	 Grant Date:   	May 5, 2006  
	  	 	 	

	 	 	 
	 	 	 
	 	 Accepted by Grantee: 	   /s/
        Theodore P. Schrafft  
	  	 	 	 	

 1

 TERMS AND CONDITIONS 

 1.                Grant
      of Shares.  Premiere  Global  Services,  Inc.
    (the  “Company”)  hereby grants
    to the  Grantee  named
    on Page 1 hereof  (“Grantee”),  subject
    to the  restrictions  and
    the other terms and  conditions  set forth in the  Premiere  Global  Services,  Inc.
    1995 Stock Plan (the “Plan”) and in this award  agreement  (this  “Agreement”),  the  number  of shares  indicated  on
    Page 1 hereof of the  Company’s  $0.01
    par value  common  stock (the  “Shares”)  .  Capitalized  terms
    used herein and not  otherwise  defined
    shall have the  meanings   assigned  to such terms in the Plan.

 2.                Restrictions.
    The Shares are subject to each of the  following   restrictions. “Restricted
    Shares”  mean
    those Shares that are subject to the  restrictions   imposed   hereunder
     which restrictions have not then expired or terminated. Restricted Shares
    may not be sold,  transferred,   exchanged,   assigned,   pledged,   hypothecated
    or otherwise encumbered. If Grantee’s   employment  with
    the  Company  or any  Affiliate   terminates  for
    any reason other than as set forth in  paragraphs  (b),
    (c) or (d) of Section 3 hereof, then  Grantee  shall
    forfeit all of  Grantee’s  right, title and
    interest in and to the  Restricted  Shares
    as of the date of  employment   termination,  such  Restricted  Shares
    shall revert to the  Company   immediately   following  the
    event of  forfeiture.  The  restrictions   imposed  under
    this Section 2 shall apply to all shares of the  Company’s   common
     stock or other securities issued with respect
    to  Restricted  Shares  hereunder  in  connection  with
    any  merger,   reorganization,   consolidation,   recapitalization,  stock
    dividend or other change in corporate structure affecting the common stock
    of the  Company.

 3.                 Expiration
      and Termination of Restrictions. The  restrictions   imposed  under
    Section 2 will expire on the earliest to occur of the  following  (the
    period prior to such  expiration  being  referred  to herein as the  “Restricted
    Period”):  

      (a)         As to the  number  of
    Shares on the  respective  dates  specified  on
    Page 1 hereof;  provided   Grantee  is
    then still  employed  by
    the  Company  or
    an  Affiliate;

     (b)         As to all of the  unvested  Shares,
      on the date of  termination  of  Grantee’s   employment  by
      reason of death or  disability;

     (c)
                As to all of the  unvested  Shares,
        upon the  occurrence  of
        a  “Change  in  Control”  (as
        such term is defined  below);  or
        

     (d)         As to the next tranche of  unvested  Shares, on the date of  termination  of  Grantee’s   employment  by
          the  Company   without   “Cause”  (as such
          term is defined below).

 For  purposes  of
    this  Agreement,   “Cause”  and  “Change  in  Control”  shall
    have the  meaning  as
    set forth in  Grantee’s   employment   agreement  with
    the  Company  or
    any of its  Affiliates,  as in effect from time to time.

 4.                Delivery
      of Shares. The Shares will be  registered  in
    the name of  Grantee  as of the Grant Date and
    will be held by the  Company  during
    the  Restricted  Period in  certificated  or  uncertificated  form.
    If a  certificate  for  Restricted  Shares
    is issued during the  Restricted  Period
    with respect to such Shares, such  certificate  shall
    be  registered  in
    the name of  Grantee  and shall bear a legend
    in  substantially  the  following  form
    (in  addition  to
    any legend  required  under  applicable  state  securities  laws): 

 “This  certificate  and
    the shares of stock  represented  hereby
    are subject to the terms and  conditions   (including   forfeiture  and  restrictions  against  transfer)   contained  in
    a  Restricted  Stock  Agreement   between  the  registered  owner of the
    shares  represented  hereby
    and  Premiere  Global  Services,  Inc.  Release  from
    such terms and  conditions  shall be made only in  accordance  with
    the  provisions  of
    such  Agreement,  copies of which are
    on file in the offices of  Premiere  Global  Services,  Inc.” 

 Stock  certificates  for
    the Shares,  without  the
    first above legend, shall be  delivered  to  Grantee  or  Grantee’s   designee  upon request of  Grantee  after
    the  expiration  of
    the  Restricted  Period,
    but  delivery  may
    be  postponed  for
    such period as may be  required  for
    the  Company  with  reasonable   diligence  to
    comply if  deemed   advisable  by the  Company,  with  registration   requirements  under the  Securities  Act
    of 1933, as  amended,  listing  requirements  under the rules of
    any stock  exchange,  and  requirements  under
    any other law or  regulation   applicable  to
    the  issuance  or  transfer  of
    the Shares.

 5.                Voting
      and Dividend Rights.  Grantee,  as  beneficial  owner of the Shares,
    shall have full voting and  dividend  rights
    with respect to the Shares during and after the  Restricted  Period. If  Grantee  forfeits
    any rights he or she may have under this  Agreement  in  accordance  with
    Section 3,  Grantee  shall
    no longer have any rights as a  shareholder  with
    respect to the  Restricted  Shares
    or any interest therein and  Grantee  shall no longer be entitled
    to receive  dividends  on
    such stock. In the event that for any reason  Grantee  shall have  received   dividends  upon
    such stock after such  forfeiture,   Grantee  shall
    repay to the  Company  any
    amount equal to such  dividends.

 6.                Changes
      in Capital Structure.
    The provisions of the Plan shall apply
    in the case of a change in the capital structure of
    the Company. Without limiting the foregoing, in
    the event of a subdivision of the outstanding Stock
    (stock-split), a declaration of
    a dividend payable in Stock, or a combination or consolidation of
    the outstanding Stock into a lesser number of
    shares, the Shares then subject to this Agreement shall automatically be
      adjusted proportionately.

 7.                No
      Right of Continued Employment.  Nothing  in this  Agreement  shall
       interfere with or limit in any way the right of the Company or any Affiliate
      to terminate Grantee’s   employment  at
    any time, nor confer upon  Grantee  any
    right to  continue  in
    the employ of the  Company  or
    any  Affiliate.

 8.                 Payment
      of Taxes. Upon  issuance  of
    the Shares  hereunder,   Grantee  may
    make an  election  to
    be taxed upon such award under Section 83(b) of the Code. To effect such  election,   Grantee  may
    file an  appropriate   election  with  Internal   Revenue  Service within thirty (30)
    days after award of the Shares and  otherwise  in  accordance  with  applicable   Treasury   Regulations. Grantee  will, no later
    than the date as of which any amount related to the Shares first  becomes   includable  in  Grantee’s  gross
    income for federal income tax  purposes,  pay to the  Company,  or
    make other  arrangements   satisfactory  to the  Committee,   regarding   payment  of, any  federal,  state
    and local taxes of any kind  required  by
    law to be  withheld  with
    respect to such  amount.  The  obligations  of the  Company  under
    this  Agreement  will
    be  conditional  on such  payment  or  arrangements,  and
    the  Company,  and, where  applicable,  its  Affiliates  will,
    to the extent  permitted  by law, have the right
    to deduct any such taxes from any  payment  of
    any kind  otherwise  due to  Grantee.

 9.                 Amendment.
    The  Committee  may
    amend, modify or  terminate  this  Agreement   without   approval  of  Grantee;
    provided, however, that such amendment, modification or termination shall
    not, without Grantee’s   consent,  reduce or  diminish  the
    value of this award  determined  as
    if it had been fully vested (i.e., as if all  restrictions  on
    the Shares  hereunder  had  expired)  on the date of such  amendment  or
     termination.

 10.             Plan
      Controls.
    The terms  contained  in
    the Plan are  incorporated  into and made a part
    of this  Agreement  and
    this  Agreement  shall
    be  governed  by
    and  construed  in  accordance  with
    the Plan. In the event of any actual or alleged  conflict   between  the
     provisions of the Plan and the provisions of this Agreement, the provisions
    of the Plan shall be controlling and determinative.

 11.              Successors.
    This  Agreement  shall
    be  binding  upon any  successor  of
    the  Company,  in  accordance  with the terms of this  Agreement  and
    the Plan.

 12.              Severability.
     If any one or more of the provisions contained in this Agreement is
    deemed to be invalid, illegal or unenforceable, the
    other  provisions  of
    this  Agreement  will
    be  construed  and  enforced  as
    if the  invalid,  illegal
    or  unenforceable   provision  had
    never been  included.

 13.             Notice.  Notices  and  communications  under
    this  Agreement  must be in writing and
    either  personally   delivered  or
    sent by  registered  or  certified  United
    States mail, return receipt  requested,   postage   prepaid.
    Notices  to the  Company  must be  addressed  to: 

                   Premiere
    Global Services, Inc.
    

                    3399  Peachtree  Road,
  N.E. 

                    The Lenox  Building,  Suite
  700  

                    Atlanta,   Georgia  30326 

                    Attn:  Director,  Stock
  Plan  Management  

 or any other address  designated  by
    the  Company  in
    a written notice to  Grantee.   Notices  to  Grantee  will
    be  directed  to the address of  Grantee  then  currently  on
    file with the  Company,  or
    at any other address given by  Grantee  in
    a written notice to the  Company.

2Untitled Document

Exhibit 10.3

 R E S T R I C T E D   S T O C K   A G R E E M E N T

  Non-transferable 

    

      G R A N T   T O 

    

      T.   L E E   P R O V O
      W 

      (“Grantee”)

  

      by Premiere Global Services, Inc. (the “Company”)
  of

  180,000 

 shares of its common stock, $0.01 par value
    (the “Shares”)

 pursuant to and subject to the provisions of the
    Premiere Global Services, Inc. 1995 Stock Plan (the “Plan”) and
    to the terms and conditions set forth on the following page (the “Terms
    and Conditions”).

            Unless sooner vested in accordance with Section
    3 of the Terms and Conditions, the restrictions imposed under Section 2 of
    the Terms and Conditions will expire as follows: 11,250 Shares will vest
    in sixteen (16) equal quarterly installments on the last day of each calendar
    quarter beginning June 30, 2006; provided that Grantee is then still employed
    by the Company or any of its Affiliates.

            IN WITNESS WHEREOF, Premiere Global Services,
    Inc., acting by and through its duly authorized officers, has caused this
    Agreement to be executed as of the Grant Date.

	 	 PREMIERE GLOBAL
        SERVICES, INC.  
	 	 
	 	 
	 	 By:  	      /s/
        L. Scott Askins  
		 	
      

    
	 	  	 L. Scott Askins  
	 	 Its:  	 SVP – Legal
        and General Counsel  
	 	 	 
	 	 	 
	 	 Grant Date:   	May 5, 2006  
	  	 	 	

	 	 	 
	 	 	 
	 	 Accepted by Grantee: 	   /s/
        T. Lee Provow 
	  	 	 	 	

 1

 TERMS AND CONDITIONS 

 1.                Grant
      of Shares.  Premiere Global Services, Inc.
    (the “Company”) hereby grants
    to the Grantee named
    on Page 1 hereof (“Grantee”), subject
    to the restrictions and
    the other terms and conditions set forth in the Premiere Global Services, Inc.
    1995 Stock Plan (the “Plan”) and in this award agreement (this “Agreement”), the number of
    shares indicated on
    Page 1 hereof of the Company’s $0.01
    par value common stock (the “Shares”) . Capitalized terms
    used herein and not otherwise defined
    shall have the meanings assigned to such
    terms in the Plan.

 2.                Restrictions.
    The Shares are subject to each of the following restrictions. “Restricted Shares” mean
    those Shares that are subject to the restrictions imposed hereunder which restrictions have
    not then expired or terminated. Restricted Shares
    may not be sold, transferred, exchanged, assigned, pledged, hypothecated or otherwise encumbered. If Grantee’s employment with
    the Company or any Affiliate terminates for
    any reason other than as set forth in paragraphs (b),
    (c) or (d) of Section 3 hereof, then Grantee shall
    forfeit all of Grantee’s right, title and
    interest in and to the Restricted Shares
    as of the date of employment termination, such Restricted Shares
    shall revert to the Company immediately following the
    event of forfeiture. The restrictions imposed under
    this Section 2 shall apply to all shares of the Company’s common stock
    or other securities issued with respect
    to Restricted Shares hereunder in connection with
    any merger, reorganization, consolidation, recapitalization, stock dividend or
    other change in corporate structure affecting the common stock
    of the Company. 

 3.                 Expiration
      and Termination of Restrictions. The  restrictions   imposed  under
    Section 2 will expire on the earliest to occur of the  following  (the
    period prior to such  expiration  being  referred  to herein as the  “Restricted
    Period”):

      (a)        As to the  number  of
    Shares on the  respective  dates  specified  on
    Page 1 hereof;  provided   Grantee  is
    then still  employed  by
    the  Company  or
    an  Affiliate;  

     (b)        As to all of the  unvested  Shares,
      on the date of  termination  of  Grantee’s   employment  by
      reason of death or  disability;  

     (c)         As to all of the  unvested  Shares,
  upon the  occurrence  of
  a “Change  in  Control”  (as
        such term is defined  below);  or
        

     (d)        As to the next tranche of  unvested  Shares,
    on the date of termination of Grantee’s   employment  by
          the  Company   without   “Cause”  (as such
          term is defined below).

 For  purposes  of
    this  Agreement,   “Cause”  and  “Change  in  Control”  shall
    have the  meaning  as
    set forth in  Grantee’s   employment   agreement  with
    the  Company  or
    any of its  Affiliates,  as in effect from time to time.

 4.                 Delivery
      of Shares. The Shares will be  registered  in
    the name of  Grantee  as of the Grant Date and
    will be held by the  Company  during
    the  Restricted  Period in  certificated  or  uncertificated  form.
    If a  certificate  for  Restricted  Shares
    is issued during the  Restricted  Period
    with respect to such Shares, such  certificate  shall
    be  registered  in
    the name of  Grantee  and shall bear a legend
    in  substantially  the  following  form
    (in  addition  to
    any legend  required  under  applicable  state  securities  laws):

 “This  certificate  and
    the shares of stock  represented  hereby
    are subject to the terms and  conditions   (including   forfeiture  and  restrictions  against  transfer)   contained  in
    a  Restricted  Stock  Agreement   between  the  registered  owner of the
    shares  represented  hereby
    and  Premiere  Global  Services,  Inc.  Release  from
    such terms and  conditions  shall be made only in  accordance  with
    the  provisions  of
    such  Agreement,  copies of which are
    on file in the offices of  Premiere  Global  Services,  Inc.”

 Stock  certificates  for
    the Shares,  without  the
    first above legend, shall be  delivered  to  Grantee  or  Grantee’s   designee  upon request of  Grantee  after
    the  expiration  of
    the  Restricted  Period,
    but  delivery  may
    be  postponed  for
    such period as may be  required  for
    the  Company  with  reasonable   diligence  to
    comply if  deemed   advisable  by the  Company,  with  registration   requirements  under the  Securities  Act
    of 1933, as  amended,  listing  requirements  under the rules of
    any stock  exchange,  and  requirements  under
    any other law or  regulation   applicable  to
    the  issuance  or  transfer  of
    the Shares.

 5.                Voting
      and Dividend Rights.  Grantee,  as  beneficial  owner of the Shares,
    shall have full voting and  dividend  rights
    with respect to the Shares during and after the  Restricted  Period. If  Grantee  forfeits
    any rights he or she may have under this  Agreement  in  accordance  with
    Section 3,  Grantee  shall
    no longer have any rights as a  shareholder  with
    respect to the  Restricted  Shares
    or any interest therein and  Grantee  shall no longer be entitled
    to receive  dividends  on
    such stock. In the event that for any reason  Grantee  shall have  received   dividends  upon
    such stock after such  forfeiture,   Grantee  shall
    repay to the  Company  any
    amount equal to such  dividends.

 6.                 Changes
      in Capital Structure.
    The  provisions  of the Plan shall apply
    in the case of a change in the capital  structure  of
    the  Company. Without   limiting  the  foregoing,  in
    the event of a  subdivision  of the  outstanding  Stock
    (stock-split), a  declaration  of
    a  dividend   payable  in
    Stock, or a  combination  or  consolidation  of
    the  outstanding  Stock
    into a lesser  number  of shares, the Shares then subject to this  Agreement
      shall automatically be adjusted proportionately.

 7.                No
      Right of Continued Employment.  Nothing  in this  Agreement  shall
       interfere with or limit in any way the right of the Company or any Affiliate
      to terminate Grantee’s   employment  at
    any time, nor confer upon  Grantee  any
    right to  continue  in
    the employ of the  Company  or
    any  Affiliate.

 8.                 Payment
      of Taxes. Upon  issuance  of
    the Shares  hereunder,   Grantee  may
    make an  election  to
    be taxed upon such award under Section 83(b) of the Code. To effect such  election,   Grantee  may
    file an  appropriate   election  with  Internal   Revenue  Service within thirty (30)
    days after award of the Shares and  otherwise  in  accordance  with  applicable   Treasury   Regulations. Grantee  will, no later
    than the date as of which any amount related to the Shares first  becomes   includable  in  Grantee’s  gross
    income for federal income tax  purposes,  pay to the  Company,  or
    make other  arrangements   satisfactory  to the  Committee,   regarding   payment  of, any  federal,  state
    and local taxes of any kind  required  by
    law to be  withheld  with
    respect to such  amount.  The  obligations  of the  Company  under
    this  Agreement  will
    be  conditional  on such  payment  or  arrangements,  and
    the  Company,  and, where  applicable,  its  Affiliates  will,
    to the extent  permitted  by law, have the right
    to deduct any such taxes from any  payment  of
    any kind  otherwise  due to  Grantee.

 9.                 Amendment.
    The  Committee  may
    amend, modify or  terminate  this  Agreement   without   approval  of  Grantee;
    provided, however, that such amendment, modification or termination shall
    not, without Grantee’s   consent,  reduce or  diminish  the
    value of this award  determined  as
    if it had been fully vested (i.e., as if all  restrictions  on
    the Shares  hereunder  had  expired)  on the date of such  amendment  or
     termination.

 10.             Plan
      Controls.
    The terms  contained  in
    the Plan are  incorporated  into and made a part
    of this  Agreement  and
    this  Agreement  shall
    be  governed  by
    and  construed  in  accordance  with
    the Plan. In the event of any actual or alleged  conflict   between  the
       provisions of the Plan and the provisions of this Agreement, the provisions
      of the Plan shall be controlling and determinative.

 11.              Successors.
    This  Agreement  shall
    be  binding  upon any  successor  of
    the  Company,  in  accordance  with the terms of this  Agreement  and
    the Plan.

 12.              Severability.
    If any one or more of the provisions contained in this Agreement is deemed
  to be invalid, illegal or unenforceable, the
  other  provisions  of
  this  Agreement  will
  be  construed  and  enforced  as
  if the  invalid,  illegal
  or  unenforceable   provision  had
  never been  included.

 13.             Notice.  Notices  and  communications  under
    this  Agreement  must be in writing and
    either  personally   delivered  or
    sent by  registered  or  certified  United
    States mail, return receipt  requested,   postage   prepaid.
    Notices  to the  Company  must be  addressed  to:

                  Premiere
    Global Services, Inc.
    

                   3399
  Peachtree Road, N.E. 

                   The
  Lenox Building, Suite 700  

                   Atlanta,
  Georgia 30326 

                   Attn:
  Director, Stock Plan Management

 or any other address  designated  by
    the  Company  in
    a written notice to  Grantee.   Notices  to  Grantee  will
    be  directed  to the address of  Grantee  then  currently  on
    file with the  Company,  or
    at any other address given by  Grantee  in
    a written notice to the  Company.

 2

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