Document:

exv10w52

Exhibit 10.52

DRESSER-RAND GROUP INC.

STANDARD TERMS AND CONDITIONS FOR

RESTRICTED STOCK UNITS

These Standard Terms and Conditions apply to any Award of restricted stock units granted to an
individual who is director of the Company (but is not an officer or employee of the Company) under
the Dresser-Rand Group Inc. 2008 Stock Incentive Plan (the “Plan”), which are evidenced by a Grant
Notice or an action of the Committee that specifically refers to these Standard Terms and
Conditions.

	1.	 	TERMS OF RESTRICTED STOCK UNITS
	 
	 	 	Dresser-Rand Group Inc., a Delaware corporation (the “Company”), has granted to the Grantee
named in the Grant Notice provided to said Grantee herewith (the “Grant Notice”) an award of
a number of restricted stock units (the “Award”) specified in the Grant Notice. Each
restricted stock unit represents the right to receive one share of the Company’s Common
Shares, $0.01 par value per share (the “Common Shares”), upon the terms and subject to the
conditions set forth in the Grant Notice, these Standard Terms and Conditions, and the Plan,
each as amended from time to time. For purposes of these Standard Terms and Conditions and
the Grant Notice, any reference to the Company shall, unless the context requires otherwise,
include a reference to any Affiliate, as such term is defined in the Plan.
	 
	2.	 	VESTING OF RESTRICTED STOCK UNITS
	 
	 	 	The Award shall not be vested as of the Grant Date set forth in the Grant Notice and shall
be forfeitable unless and until otherwise vested pursuant to the terms of the Grant Notice
and these Standard Terms and Conditions. After the Grant Date, subject to termination or
acceleration as provided in these Standard Terms and Conditions and the Plan, the Award
shall become vested as described in the Grant Notice with respect to that number of
restricted stock units as set forth in the Grant Notice. Notwithstanding anything contained
in these Standard Terms and Conditions to the contrary, (i) if the Grantee’s service as a
director terminates by reason of death, Disability, or retirement after reaching the age of
65 before all of the Restricted Stock Units have vested, all unvested Restricted Stock Units
shall become vested, (ii) if the Grantee’s service terminates by reason of the Grantee not
being re-elected to serve as director, a pro-rata portion of the unvested Award shall vest
based on the number of days in the calendar year that the Grantee served as a director and
(iii) if the Grantee’s service as a director terminates for any reason other than death,
Disability, or retirement after reaching the age of 65, any then unvested Restricted Stock
Units held by the Grantee shall be forfeited and canceled as of the date of such
termination. In addition, the Committee may accelerate vesting of the Restricted Stock
Units in such other circumstances as it determines appropriate.
	 
	3.	 	SETTLEMENT OF RESTRICTED STOCK UNITS
	 
	 	 	Vested Restricted Stock Units shall be settled by the delivery to the Grantee or a
designated brokerage firm of one Share per Restricted Stock Unit vested as of the

 

 

	 	 	Deferral Date, with delivery as soon as reasonably practicable following the Deferral Date
(unless delivery is deferred pursuant to a nonqualified deferred compensation plan in
accordance with the requirements of Section 409A of the Code).

	4.	 	RIGHTS AS STOCKHOLDER
	 
	 	 	The Grantee shall have no voting rights or the right to receive any dividends with respect
to Common Shares underlying Restricted Stock Units unless and until such Common Shares are
reflected as issued and outstanding shares on the Company’s stock ledger.
	 
	5.	 	CHANGE IN CONTROL
	 
	 	 	Upon a Change of Control, any unvested Restricted Stock Units that have not been forfeited
prior to the date of such Change in Control shall become fully vested.
	 
	6.	 	RESTRICTIONS ON RESALES OF SHARES
	 
	 	 	The Company may impose such restrictions, conditions or limitations as it determines
appropriate as to the timing and manner of any resales by the Grantee or other subsequent
transfers by the Grantee of any Common Shares issued in respect of vested Restricted Stock
Units, including without limitation (a) restrictions under an insider trading policy, (b)
restrictions designed to delay and/or coordinate the timing and manner of sales by Grantee
and other holders and (c) restrictions as to the use of a specified brokerage firm for such
resales or other transfers.
	 
	7.	 	INCOME TAXES
	 
	 	 	Unless otherwise directed by the Committee, the Company shall give the Grantee the option of
having the Company withhold Common Shares issuable in connection with the delivery of the
Restricted Stock Units to satisfy taxes. The Grantee shall be responsible for all taxes
associated with any issuance.
	 
	8.	 	NON-TRANSFERABILITY OF AWARD
	 
	 	 	The Grantee represents and warrants that the Restricted Stock Units are being acquired by
the Grantee solely for the Grantee’s own account for investment and not with a view to or
for sale in connection with any distribution thereof. The Grantee further understands,
acknowledges and agrees that, except as otherwise provided in the Plan, the Restricted Stock
Units may not be sold, assigned, transferred, pledged or otherwise directly or indirectly
encumbered or disposed of except to the extent expressly permitted hereby and at all times
in compliance with the U.S. Securities Act of 1933, as amended, and the rules and
regulations of the Securities Exchange Commission thereunder, and in compliance with
applicable state securities or “blue sky” laws and non-U.S. securities laws. Unless
permitted by the Committee, the Restricted Stock Units may not be sold, transferred,
pledged, assigned, or otherwise alienated or hypothecated by the Grantee other than by will
or the laws of descent and distribution.

 

 

	9.	 	THE PLAN AND OTHER AGREEMENTS
	 
	 	 	In addition to these Terms and Conditions, the Award shall be subject to the terms of the
Plan, which are incorporated into these Standard Terms and Conditions by this reference.
Certain capitalized terms not otherwise defined herein are defined in the Plan. In the event
of a conflict between the terms and conditions of these Standard Terms and Condition and the
Plan, the Plan controls.
	 
	 	 	Subject to the next paragraph, the Grant Notice, these Standard Terms and Conditions and the
Plan constitute the entire understanding between the Grantee and the Company regarding the
Award, and any prior agreements, commitments or negotiations concerning the Award are
superseded.
	 
	 	 	The Award (including the terms described herein) are subject to the provisions of the Plan
and, if the Grantee is outside the U.S., there may be an addendum containing special terms
and conditions applicable to grants in the Grantee’s country. The grant of the Restricted
Stock Units to any such Grantee is contingent upon the Grantee executing and returning any
such addendum in the manner directed by the Company.
	 
	10.	 	NOT A CONTRACT FOR EMPLOYMENT.
	 
	 	 	Nothing in the Plan, in the Grant Notice, these Standard Terms and Conditions or any other
instrument executed pursuant to the Plan shall confer upon the Grantee any right to continue
in the Company’s service as a director or otherwise.
	 
	11.	 	SEVERABILITY.
	 
	 	 	In the event that any provision of these Standard Terms and Conditions is declared to be
illegal, invalid or otherwise unenforceable by a court of competent jurisdiction, such
provision shall be reformed, if possible, to the extent necessary to render it legal, valid
and enforceable, or otherwise deleted, and the remainder of these Standard Terms and
Conditions shall not be affected except to the extent necessary to reform or delete such
illegal, invalid or unenforceable provision.
	 
	12.	 	HEADINGS.
	 
	 	 	The headings preceding the text of the sections hereof are inserted solely for convenience
of reference, and shall not constitute a part of these Standard Terms and Conditions, nor
shall they affect its meaning, construction or effect.
	 
	13.	 	FURTHER ASSURANCES.
	 
	 	 	Each party shall cooperate and take such action as may be reasonably requested by another
party in order to carry out the provisions and purposes of these Standard Terms and
Conditions.

 

 

	14.	 	BINDING EFFECT.
	 
	 	 	These Standard Terms and Conditions shall inure to the benefit of and be binding upon the
parties hereto and their respective permitted heirs, beneficiaries, successors and assigns.
	 
	15.	 	ELECTRONIC DELIVERY
	 
	 	 	By executing the Grant Notice, the Grantee hereby consents to the delivery of information
(including, without limitation, information required to be delivered to the Grantee pursuant
to applicable securities laws) regarding the Company and the Subsidiaries, the Plan, and the
Restricted Stock Units via Company web site or other electronic delivery.exv10w18

Exhibit 10.18

PERFORMANCE UNIT AWARD AGREEMENT

UNDER

SAIA, INC.’S

AMENDED AND RESTATED 2003 OMNIBUS INCENTIVE PLAN

     THIS AWARD AGREEMENT is made and entered into as of February 2, 2010 (the “Date of
Grant”), by and between Saia, Inc. (the “Company”), and [                    ]
(“Employee”).

WITNESSETH:

     WHEREAS, the Board of Directors of the Company (the “Board of Directors”) has adopted
and the stockholders of the Company have approved the Company’s Amended and Restated 2003 Omnibus
Incentive Plan (the “Plan”), pursuant to which performance unit awards may be granted to
employees of the Company and its subsidiaries; and

     WHEREAS, the Company desires to grant to Employee a performance unit award under the terms of
the Plan.

     NOW, THEREFORE, pursuant to the Plan, the Company and Employee agree as follows:

1. Grant of Award. Pursuant to action of the Committee (as hereinafter defined), the
Company grants to Employee the performance unit award described in this Award Agreement (the
“Award” or “Performance Unit Award”).

2. Award Subject to Plan. This Award is granted under and is expressly subject to all the
terms and provisions of the Plan, which terms are incorporated herein by reference. The committee
referred to in Section 3 of the Plan (“Committee”) has been appointed by the Board of
Directors, and designated by it, as the Committee to make awards.

3. Performance Period. The performance period for the Performance Unit Award is the three
(3) year period commencing January 1, 2010 and ending December 31, 2012 (the “Performance
Period”).

4. Performance Unit Award.

     (a) General. Employee’s Performance Unit Award opportunity for the Performance Period
is the right to receive from 0% to 200% of ___shares of the common stock, par value $0.001 per
share, of the Company (the “Target Incentive”).

     (b) Amount of Target Incentive Payable to Employee for the Performance Period. The
amount of the Target Incentive payable to Employee for the Performance Period will be based upon
the percentile rank of the Company’s “Total Stockholder Return” (as defined in Section 5
below) relative to the “Peer Companies’” (as defined in Section 6 below) Total Stockholders
Return over the Performance Period, as follows:

 

 

	 	 	 
	If the Company’s Total Stockholder Return	 	Then the Percentage of Target
	Over The Performance Period As Compared	 	Incentive
	to Peer Companies	 	Payable to Employee is
	Is at the 75th percentile or higher
	 	200%
	Is at the 50th percentile
	 	100%
	Is at the 25th percentile
	 	25%
	Is below the 25th percentile
	 	0%

At the end of the Performance Period, the percentile rank of the Company’s Total Stockholder Return
will be calculated. Any Peer Company that is no longer publicly traded shall be excluded from this
calculation. The payout associated with the Company’s percentile rank will be based on the chart
above with payouts interpolated for performance between the 25th and 50th percentile and the 50th
and 75th percentile. Notwithstanding the foregoing, no Performance Unit Award shall be payable
unless the Company has positive Total Stockholder Return for the Performance Period. In no event
will the Committee have discretion to increase the amounts payable hereunder.

(c) Payment of Performance Unit Award for the Performance Period. Subject to early
termination of this Award Agreement pursuant to Section 7 or Section 8 below, as soon as
practicable following the end of the Performance Period and the determination of the Company’s
Total Stockholder Return as compared to the Total Stockholder Return of the Peer Companies over the
Performance Period, and in any event, no later than 2 1/2 months after the end of the Performance
Period, the Company will deliver to Employee certificate(s) evidencing the shares of common stock
of the Company representing the percentage of the Target Incentive earned by Employee hereunder, if
any, as determined pursuant to Section 4(b) above. Prior to the issuance to Employee of
certificate(s) for shares of common stock earned under this Agreement, if any, Employee shall have
no rights as a stockholder of the Company (including without limitation, the right to payment of
dividends or the right to vote) with respect to shares represented by the Performance Unit Award.
Notwithstanding anything else to the contrary provided herein, the Company shall not be obligated
to issue any certificate representing the shares to be delivered pursuant to this Agreement, unless
and until the Company is advised by its counsel that the issuance and delivery of such certificate
is in compliance with applicable laws and regulations.

5. Total Stockholder Return. Total Stockholder Return with respect to the Company and each
Peer Company means the increase (if any) in the fair market value of common stock of the Company
and such Peer Company, assuming reinvestment of dividends, over the Performance Period. The
measurement of change in fair market value over the Performance Period shall be based on the
average closing prices of the common stock for the last 60 trading days preceding January 1, 2010
and the last 60 trading days preceding the end of the Performance Period, assuming reinvestment of
dividends in common stock.

6. Peer Companies. The Peer Companies are the following: Airtransport Services Group,
Arkansas Best Corp., Celadon Group Inc., CH Robinson Worldwide, Inc., CNF, Inc., Covenant
Transport, Inc., EGL Inc., FEDEX Corp., Forward Air Corp., Frozen Food Express Industries, Genesee
& Wyoming, Inc., Heartland Express, Inc., Horizon Lines, Inc., Hub Group, Inc., J. B. Hunt
Transport Svcs., Inc., Kansas City Southern, Kirby Corporation, Knight Transportation, Inc.,

2

 

Landstar Systems, Inc., Marten Transport, Ltd., Old Dominion Freight Line, Inc., Pacer
International, Inc., P.A.M. Transportation, Inc., Patriot Transportation Holdings, Inc., Quality
Distribution, Inc., Ryder System Inc., United Parcel Services, Inc., Universal Truckload Services,
USA Truck Inc., US Xpress Enterprises, Inc., UTI Worldwide Inc., Vitran Corporation, Werner
Enterprises, Inc. and YRC Worldwide, Inc.

7. Termination of Employment.

     (a) Except as set forth in subsection (b), this Award Agreement will terminate and be of no
further force or effect on the date that Employee is no longer employed by the Company or any of
its subsidiaries, if such termination is a voluntary termination or an involuntary termination for
Cause (as defined in the Plan). If the Employee is involuntarily terminated other than for Cause
(as defined in the Plan), or terminates employment due to death, Total Disability (as defined in
the Plan) or retirement (the determination of which shall be made in the sole discretion of the
Committee), after completing at least 50% of the Performance Period, Employee shall be entitled to
a pro rata portion of the Performance Unit Award determined pursuant to Section 4(b) above, payable
in accordance with the terms of Section 4(c).

     (b) Employee will be entitled to receive any Performance Unit Award payable under Section 4 of
this Award Agreement if Employee’s employment terminates after the Performance Period but before
Employee’s receipt of such Performance Unit Award payment for the Performance Period, except in the
event of a termination for Cause in which case no Award shall be payable.

8. Change of Control. In the event of a Change in Control (as defined in the Plan) of the
Company, then upon the effectiveness of such Change in Control, this Award Agreement will terminate
and be of no further force and effect and the Employee shall receive the percentage of the Target
Incentive based on Total Stockholder Return calculated as of the date of such Change in Control,
prorated to reflect the actual number of months of service from the Date of Grant to the date of
such Change in Control. Contemporaneously with the Change of Control, the Company will deliver to
Employee certificate(s) evidencing the shares of common stock of the Company representing the
percentage of the Target Incentive earned by Employee hereunder, if any.

9. Forfeiture. If the Company is required to prepare an accounting restatement due to the
material noncompliance of the Company, as a result of misconduct, with any financial reporting
requirement under the securities laws, as such terms are used in Section 304 of the Sarbanes-Oxley
Act of 2002 or as interpreted by the Committee, then the Committee in its sole discretion may
require Employee to reimburse or forfeit to the Company any payment received or to be received
hereunder by Employee during the 12-month period following the first public issuance or filing with
the Securities and Exchange Commission (whichever first occurs) of the financial document that
required restatement.

10. Tax Withholding. Employee must pay, or make arrangements acceptable to the Company for
the payment of, any and all federal, state, and local tax withholding that in the opinion of the
Company is required by law. Unless Employee satisfies any such tax withholding obligation by

3

 

paying the amount in cash or by check , the Company will withhold a portion of the Performance Unit
Award equal to the tax withholding obligation.

11. Non-Transferability. Employee shall not sell, transfer, assign, pledge, or otherwise
encumber or dispose of the Performance Unit Award (or any rights hereunder) nor sell, transfer,
assign, pledge or otherwise encumber or dispose of any of the shares of common stock issueable
under this Agreement prior to the delivery to Employee of certificates for shares of common stock
payable pursuant to Section 4(c) or Section 8.

12. Definitions; Copy of Plan. To the extent not specifically defined in this Award
Agreement, all capitalized terms used in this Award Agreement will have the same meanings ascribed
to them in the Plan. By signing this Award Agreement, Employee acknowledges receipt of a copy of
the Plan.

13. Committee Administration. The Committee shall have the sole responsibility for
construing and interpreting this Agreement, and for resolving all questions arising hereunder. Any
decision or action taken by the Committee arising out of, or in connection with, the construction,
administration, interpretation and effect of this Agreement shall be conclusive and binding upon
all persons.

14. Acknowledgement. Employee acknowledges that the Board of Directors of the Company has
adopted a guideline concerning investment in the stock of the Company.

15. Choice of Law. This Agreement will be governed by the laws of the State of Delaware,
without regard to the principles of conflicts of law which might otherwise apply.

     IN WITNESS WHEREOF, the Company and Employee have executed this Award Agreement as of the Date
of Grant.

	 	 	 	 	 
	 	 	SAIA, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Its:
	 	[                                        ]
	 
	 	 	 	 
	 	 	 
	 	 	[                                        ]

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