Document:

Exhibit 10.3

FORM OF 

  SOTHEBY'S 

  AMENDED AND RESTATED RESTRICTED STOCK PLAN 

  RESTRICTED STOCK ENTITLEMENT AGREEMENT

 

          THIS AGREEMENT, effective as of the <Day> day of <Month>, <Year>, is entered into between SOTHEBY'S, a Delaware corporation (the "Corporation"), and <Full Name> (the "Participant"). 

WITNESSETH: 

          WHEREAS, the Board of Directors of the Corporation (the "Board") has established the Sotheby's Amended and Restated Restricted Stock Plan (the "Plan") in order to provide employees of
the Corporation with a favorable opportunity to acquire shares of the Corporation's Common Stock, as an inducement to remain in the service of the Corporation or a Subsidiary and to promote the Participant’s commitment to the success of the
Corporation during such service. 

          NOW, THEREFORE, it is agreed as follows: 

          1.           Definitions and Incorporation.  The terms used in this Agreement
shall have the meanings given to such terms in the Plan.  The Plan is hereby incorporated in and made an integral part of this Agreement as if fully set forth herein. In the event of any inconsistency between any provision of the Plan and any
provision of this Agreement, the provision of the Plan shall prevail.  The Participant hereby acknowledges that he or she has received a copy of the Plan. 

          2.           Grant of Restricted Stock Entitlement.  Pursuant to the provisions of
the Plan, certain non-U.S. taxpayers are issued Restricted Stock Entitlements, rather than Restricted Stock, for tax reasons.  Restricted Stock Entitlements entitle holders to call (without payment) for the relevant amount of the Corporation’s
Common Stock at the applicable vesting date.  Non-U.S. taxpayers are deemed to have called for the shares of Common Stock that vest on the applicable vesting date in accordance with Schedule 1, attached hereto. Pursuant to the Plan, the Corporation
hereby grants to the Participant effective as of <Date> an award of <No. of Shares> Restricted Stock Entitlements. 

          3.           Voting and Dividend Rights.  Voting and dividend rights do not apply
to Restricted Stock Entitlements until they have vested.  Except as otherwise determined by the Compensation Committee, holders of Restricted Stock Entitlements shall have the right to vote vested shares and the right to receive any dividends with
respect to vested shares only. 

          4.           Termination
of Employment.  Except in the case of
the death, Disability, or Retirement of the Participant, in the event a Participant
 terminates employment prior to 100% vesting, the Participant’s rights with
 respect to Restricted Stock Entitlements which are not vested shall be forfeited
 immediately

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 and permanently.  A Participant shall be 100% vested
in his Restricted Stock Entitlements in the event he terminates employment by
reason of death, Disability or Retirement or in the event of a Change of Control
of the Corporation (as defined in the Plan.) 

          5.           Securities Law Requirements. 

          (a)          Regardless
of whether the offering and sale of the shares of Common Stock under the Plan
have been registered under the United States Securities Act of 1933, as amended
(the “Act”),
or have been registered or qualified under the securities laws of any state,
the Corporation may impose restrictions upon the sale, pledge, or other transfer
of such shares (including the placement of appropriate legends on stock certificates)
if,  in the judgment of the Corporation and its counsel, such restrictions are
necessary or desirable in order to achieve compliance with the provisions of
the Act, the securities laws of any state, or any other law. In the event that
the sale of such  shares under the Plan is not registered under the Act but an
exemption is available which requires an investment representation or other representation,
the Participant shall be required to represent that such shares are being acquired
for  investment, and not with a view to the sale or distribution thereof, and
to make such other representations as are deemed necessary or appropriate by
the Corporation and its counsel. 

          (b)          Stock
certificates or book entries evidencing such shares awarded under the Plan pursuant
to an unregistered transaction shall bear the following restrictive legend and
such other restrictive  legends as are required or deemed advisable under the
provisions of any applicable law: 

  “THE SALE OF THE SECURITIES
        REPRESENTED HEREBY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
        1933 (THE “ACT”). ANY TRANSFER OF SUCH SECURITIES WILL BE INVALID
        UNLESS A REGISTRATION STATEMENT UNDER THE ACT IS IN EFFECT AS TO SUCH
        TRANSFER OR, IN THE OPINION OF COUNSEL FOR THE ISSUER, SUCH REGISTRATION
        IS UNNECESSARY IN ORDER FOR SUCH TRANSFER TO COMPLY WITH THE ACT.” 

          Any determination by the Corporation and its counsel in connection with any of the matters set forth in this paragraph shall be conclusive as to all binding persons. 

          6.           Rights
as an Employee.  Nothing in the Plan or
this Agreement shall be construed to give the Participant or any person the right
to remain  in the employment of the Corporation or a Subsidiary or to affect
the right of the Corporation or Subsidiary to terminate the Participant’s
or such other person’s employment at any time with or without cause, it
being acknowledged, unless expressly provided otherwise in writing, that the
Participant’s employment is “at will.”

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          7.           Inspection of Records. Copies of the Plan, records reflecting the Participant’s Restricted Stock Entitlement award(s), and any other
documents and records which the Participant is entitled by law to inspect shall be open to inspection by the Participant and his or her duly authorized representative(s) at the office of the Corporation at any reasonable business hour. 

          8.           Notices. Any notice to the Corporation contemplated by this Agreement shall be addressed to the attention of the Corporation’s Human
Resource Department at 1334 York Avenue, New York, New York 10021; and any notice to the Participant shall be addressed to him or her at the address on file with the Corporation on the date hereof or at such other address as he or she may hereafter
designate in writing. 

          9.           Interpretation. The interpretation, construction, performance, and enforcement of this Agreement and of the Plan shall lie within the sole
discretion of the Committee, and the Committee’s determinations shall be conclusive and binding on all interested persons. 

          10.         Choice
of Law.  This Agreement, and all rights
and obligations hereunder, shall be governed by the laws of the State of New
York.

     IN WITNESS WHEREOF, each of the parties hereto has executed this Agreement, in the case of the Corporation by its duly authorized officer, as of the day and
year first above written. 

  SOTHEBY’S 

      

      By:______________________ 

      

      Its:_______________________

      

      

      Dated:____________________

      

      

      By:______________________ 

                Participant’s
      Signature 

      

      Dated:____________________

  

 

 

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SCHEDULE 1 

	
Employee:
  	
          <Full Name>
  
	
Date of Grant:
  	
          <Date>
  
	
Restricted Stock Entitlements Awarded:
  	
          <No. of Shares>
  

RIGHT TO EXERCISE 

Subject to the terms of the Plan and the conditions set forth in this Agreement, the Restricted Stock Entitlement awarded subject to this Agreement shall vest as follows: 

 

	
Number of Shares Vested
  	
Vesting Date
  
	 	 
	
<No. of Shares> (25% of shares)
  	
              <Date> (1st
 anniversary of date of grant)
  
	 	 
	
<No. of Shares> (25% of shares)
  	
              <Date> (2nd
 anniversary of date of grant)
  
	 	 
	
<No. of Shares> (25% of shares)
  	
              <Date> (3rd
 anniversary of date of grant)
  
	 	 
	
<No. of Shares> (25% of shares)
  	
              <Date> (4th
 anniversary of date of grant)
  

4-- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

Exhibit 10.2
  

THESTREET.COM, INC. 

OPTION AGREEMENT 

UNDER 

2007 PERFORMANCE INCENTIVE PLAN

[DATE]

[NAME] 

[ADDRESS] 

Dear _________
:

     This letter (the "Letter") sets forth the terms and conditions of the stock option granted to
you by TheStreet.com, Inc. (the “Company”), in accordance with the provisions of TheStreet.com, Inc. 2007 Performance Incentive Plan (the “Plan”). 

     Your Option is subject to the
terms and conditions set forth in the Plan, any rules and regulations adopted
by the Board of Directors of the Company or the committee of the Board which
administers  the Plan (collectively, the “Committee”),
and this Letter. Any term used in this Letter and not defined shall have the
meaning set forth in the Plan. 

     1. Option Grant

     You have been granted an option (the “Option”)
to purchase _____________ shares of the Company’s Common Stock (“Common Stock”). The Option is intended to be an Incentive Stock Option to the extent permissible under the Plan. 

     2. Option Price

     The price at which you may purchase the shares of Common Stock covered by the Option shall be $_______ per share. 

     3. Term of Option

     Your Option shall expire, to the extent that it has not previously terminated, on [5 YEARS FROM GRANT DATE]. However, your Option may terminate prior to such expiration date as provided in Section 7 of this Letter. Regardless of
the provisions of Section 7 or any other provision hereof, in no event can your Option be exercised after the expiration date set forth in this Section 3. 

     4. Exercisability of Option 

         (a) Your Option will become exercisable with respect to the following numbers of shares of Common Stock, on the following dates as set forth below, provided that you are in the Service (as defined below) of the Company or one of
its subsidiaries on each such date: 

Date                          Number of Shares of Common Stock 

For purposes hereof, you shall be considered to be in the "Service" of the Company or one of its subsidiaries if you are a common law employee of the Company (or
one if its subsidiaries, as applicable). 

         (b) To the extent that your Option has become exercisable with respect to a number of shares of Common Stock, you may exercise the Option to purchase all or any portion of such shares of Common Stock at any time on or before the
date the Option expires or terminates. You may only purchase a whole number of shares of Common Stock. 

     5. Manner of Exercise 

     You may exercise your Option by giving notice to such service provider as the Company may designate, following such procedures as may be communicated to you from time to time. 

     The shares of Common Stock that you will receive upon exercise of your Option may consist of authorized but unissued shares or treasury shares of the Company, as determined from time to time by the Company’s Board of
Directors. 

     6. Satisfaction of Option Price 

     The Option may be exercised by payment of the option price in cash (including check, bank draft, money order, or wire transfer). In addition, your Option may be exercised using such broker cashless exercise procedure or other
procedure as the Company may establish from time to time. 

     7. Termination of Service 

         (a) General. If your Service terminates for any reason, the Option will terminate 90 days after such termination of Service. Following the termination of your Service,
no additional portions of the Option will become exercisable, and the Option will be exercisable only to the extent exercisable on the date of such termination of Service. 

         (b) Adjustments by the Committee. The Committee may, in its discretion, 

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exercised before or after your termination of Service, declare all or any portion of the Option immediately exercisable and/or permit all or any part of the Option to remain exercisable for such period designated by it after the
time when the Option would have otherwise terminated as provided in Section 7(a), but not beyond the expiration date of your Option as set forth in Section 3 above. 

        (c) Committee Determinations. The Committee shall have absolute discretion to determine the date and circumstances of the termination of your Service, and its
determination shall be final, conclusive and binding upon you. 

    8. Restrictions on Option Exercise 

        (a) Even though your Option may be otherwise exercisable, your right to exercise the Option will be suspended if the Committee determines that your exercise of the Option would violate applicable laws or regulations. The
suspension will last until the exercise would be lawful. Any such suspension will not extend the term of your Option. The Company has no obligation to register the Common Stock under federal or state securities laws. 

         (b) Even though your Option may be otherwise exercisable, the Committee may refuse to permit such exercise if it determines, in its discretion, that any of the following circumstances is present:

	 	
(i)      		
the shares to be acquired upon such exercise are required to be registered or qualified under any federal or state securities law, or to be listed on any securities exchange or quotation system, and such registration,
qualification, or listing has not occurred;	
	 	 	 
	 	
(ii)      		
the consent or approval of any government regulatory body is required and has not been obtained;	
	 	 	 
	 	
(iii)      		
the satisfaction of withholding tax is required and has not occurred;	
	 	 	 
	 	
(iv)      		
representations by you or other information is determined by counsel for the Company to be necessary or desirable in order to comply with any federal or state securities laws or regulations, and you have not provided such
representations or information; or	
	 	 	 
	 	
(v)      		
an agreement by you with respect to the disposition of shares to be acquired upon exercise of your Option is determined by the Committee to be necessary or desirable in order to comply with any federal or state securities laws or
regulations, or is required by the terms of this Letter, and you have not executed such agreement.	

    9. Income Tax Withholding 

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    In connection with the exercise of your Option, you will be required to pay, pursuant to such arrangements as the Company may establish from time to time, any applicable withholding tax liability. If you fail to satisfy your
withholding obligation in a time and manner satisfactory to the Committee, the Company shall have the right to withhold the required amount from your salary or other amounts payable to you. 

    10. Non-transferability of Option

    The Option granted to you by this Letter may be exercised only by you, and may not be assigned, pledged, or otherwise transferred by you, with the exception that in the event of your death the Option may be exercised (at any
time prior to its expiration or termination as provided in Sections 3 and 7) by the executor or administrator of your estate or by a person who acquired the right to exercise your Option by will or the laws of descent and
distribution. 

    11. Registration

    To the extent that the Company takes action to register the shares of Common Stock underlying the stock options granted to any other employee under the Plan, then the Company shall take comparable action with respect to your
Option. 

    12. No Guarantee of Continuation of Service

    The grant of this Option does not constitute an assurance of continued Service for any period or in any way interfere with the Company’s right to terminate your Service or to change the terms and conditions of your Service.

    13. Administration

    The Committee has the sole power to interpret the Plan and this Letter and to act upon all matters relating the Option. Any decision, determination, interpretation, or other action taken pursuant to the provisions of the Plan
and this Letter by the Committee shall be final, binding, and conclusive. 

    14. Amendment

    The Committee may from time to time amend the terms of this grant in accordance with the terms of the Plan in effect at the time of such amendment, but no amendment which is unfavorable to you can be made without your written
consent. 

    15. Execution in Counterparts

    This Letter may be executed in one or more counterparts, each of which shall be deemed to be an original and all of which shall constitute one and the same instrument. 

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     The Plan is of unlimited duration, but may be amended, terminated or discontinued by the Board of Directors of the Company at any time. However, no amendment, termination or discontinuance of the Plan
will unfavorably affect this Option. 

       Notwithstanding the foregoing, the Committee expressly reserves the right to amend the terms of the Plan and this grant without your consent to the extent it
determines that such amendment is necessary or desirable for compliance with Section 409A of the Code. 

______________________ 

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       This Letter contains the formal terms and conditions of your award and accordingly should be retained in your files for future reference. Please sign below to evidence your acceptance of this Option on the terms and conditions
set forth in this Letter, and return a signed copy of this Letter to the undersigned. 

	 	Very truly yours,	 
	 	 	 
	 	THESTREET.COM, INC.  	 
	 	 	 
	 	By: _____________________	 
	 	Name: Thomas J. Clarke
    Jr.	 
	 	Title: Chief Executive Officer	 
	 	 	 
	 	Address:	14 Wall Street  	 
	 	 	15th Floor  	 
	 	 	New York, NY 10005  	 

ACCEPTED AND AGREED: 

__________________________ 

[NAME]

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