Document:

exhibit106.htm

    EXHIBIT
10.6

    

    PDI,
INC.

    2004
STOCK AWARD AND INCENTIVE PLAN

    RESTRICTED
STOCK UNIT AGREEMENT

    

    This
RESTRICTED STOCK UNIT AGREEMENT (this “Agreement") is made and entered into as
of ______ __, 200_ (the “Grant Date”), by and between PDI, Inc. (the “Company”)
and _______________ (the “Participant”).

    

    WHEREAS,
the Company maintains the 2004 Stock Award and Incentive Plan (the “Plan”);
and

    

    WHEREAS,
the Board of Directors of the Company (the “Board”) has approved the grant of
restricted stock units pursuant to the Plan to the Participant on the terms and
conditions set forth herein;

    

    NOW,
THEREFORE, IT IS AGREED, by and between the Company and the Participant, as
follows:

    

    1. Defined
Terms.  Capitalized terms not otherwise defined herein shall
have the meaning ascribed to them in the Plan.

     

    2. Grant of Restricted Stock
Units.  The Participant is hereby granted _____ restricted
stock units (the “Restricted Stock Units”) under the Plan, subject to all of the
terms and conditions of this Agreement and the Plan.  The Award
evidenced by this Agreement will constitute a Deferred Stock award for purposes
of the Plan.  No Dividend Equivalents shall be paid to the Participant
with respect to the Restricted Stock Units.

     

    3. Vesting and Forfeiture of
Units.  All Restricted Stock Units shall be unvested unless and
until they become vested and nonforfeitable in accordance with this Section
3.  Except as otherwise provided below, if the Participant is serving
as a member of the Board as of the applicable “Vesting Date” set forth below,
the Restricted Stock Units shall become vested and nonforfeitable according to
the percentage set forth opposite such date:

     

    
      	
              Vesting Date

            	
              Cumulative Percentage
  Vested

            
	
              First
      Anniversary of Grant Date

              Second
      Anniversary of Grant Date

              Third
      Anniversary of Grant Date

            	
              33%

              66%

              100%

            

    

    

    Notwithstanding
the foregoing provisions of this Section 3, all of the Restricted Stock Units
that have not otherwise vested in accordance with the foregoing provisions of
this Section 3 shall become vested and nonforfeitable in accordance with the
following:

     

    
      	
              (a)  

            	
              Death
      or Permanent Disability.  The Restricted Stock Units
      shall become fully vested and nonforfeitable upon the Participant’s
      termination of directorship with the Company prior to the applicable
      Vesting Date if the Participant’s
directorship

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    with the
Company terminates on account of his or her death or Permanent
Disability.  For purposes of this Agreement, “Permanent Disability”
shall mean a disability which, in the opinion of a physician designated by the
Company, permanently prevents the Participant from being able to render services
to the Company.

    
      	
              (b)  

            	
              Termination
      Other Than for Cause or Voluntary Termination.  The
      Restricted Stock Unites shall become fully vested and non-forfeitable upon
      the termination of the Participant’s directorship with the Company prior
      to the applicable Vesting Date if the Participant’s directorship with the
      Company is terminated for any reason other than (i) for Cause or (ii) the
      Participant’s Voluntary Resignation.  For purposes of this
      Agreement, “Cause” shall mean (i) the continuing failure by the
      Participant to substantially perform his or her director duties for any
      reason other than total or partial incapacity due to physical or mental
      illness, (ii) gross negligence or gross malfeasance on the Participant’s
      part in the performance of his or her duties as a director that
      demonstrably cause harm to the Company, (iii) the Participant’s conviction
      by a court of competent jurisdiction of a felony or other crime involving
      moral turpitude, (iv) the Participant’s failure to attend at least 50% of
      the meetings of the Board, and any committee of the Board of which the
      Participant is a member, in each instance, during any fiscal year of the
      Company; or (v) the Participant’s removal from the Board in accordance
      with Article II(E) of the Company’s by-laws.  For purposes of
      this Agreement, “Voluntary Resignation” shall mean the Participant’s
      resignation from the Board (other than by means of Retirement (as defined
      below)) or the Board’s failure to include the Participant in the Board’s
      slate of directors for reelection at the annual meeting at which the
      Participant’s class of directors is up for reelection.  For the
      avoidance of doubt, in the event that a Participant is included in the
      slate of directors recommended by the Board for reelection to the Board,
      but the Company’s stockholders fail to reelect the Participant as a
      director at the Company’s annual meeting of stockholders, such event shall
      not be deemed a Voluntary
Termination.

            

    

     

    
      	
              (c)  

            	
              Change
      in Control.  The
      Restricted Stock Units shall become fully vested and nonforfeitable upon a
      Change in Control that occurs prior to the Vesting
  Date.

            

    

     

    
      	
              (d)  

            	
              Non-reelection
      by Stockholders.  The Restricted Stock Units shall become
      fully vested and nonforfeitable if, prior to the Vesting Date, the
      Participant is included in the slate of directors recommended by the Board
      for reelection to the Board but is not reelected by the Company’s
      stockholders at the Company’s annual meeting of
    stockholders.

            

    

     

    
      	
              (e)  

            	
              Retirement.  The
      Restricted Stock Units shall become fully vested and nonforfeitable upon
      the Participant’s Retirement prior to the Vesting Date.  For
      purposes of this Agreement, “Retirement” shall mean the Participant’s
      resignation from the Board or his or her decision not to run for
      reelection to the Board at the Company’s annual meeting of stockholders;
      provided, in each instance, that
the

            

    

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    Participant
has continuously served as a member of the Board for at least six (6)
years.  In the event that a Participant decides not to run for
reelection to the Board, the Participant’s Retirement shall be deemed to occur
on the last date of service of such Participant as a member of the
Board.

    Any
Restricted Stock Units that are not otherwise vested and nonforfeitable upon the
Participant’s termination of his or her directorship with the Company shall be
immediately forfeited and the Participant shall have no further rights to, under
or with respect to such Restricted Stock Units.

     

    4. Settlement.  Restricted
Stock Units that have become vested in accordance with Section 3 shall be
settled as of the “Settlement Date” which is the earliest to occur of (a) the
Vesting Date for those Restricted Stock Units, (b) the date on which a Change in
Control occurs, or (c) the date of the Participant’s termination of his or her
directorship with the Company pursuant to Section 3(a), (b), (d) or (e) hereof;
provided, however, that if the Participant will or could complete six
consecutive years of service as a director of the Company prior to an applicable
Vesting Date, settlement of the Participant’s Restricted Stock Units that would
otherwise vest on such Vesting Date (and any subsequent Vesting Date) shall
occur on the date of the Change in Control only if the Change in Control
constitutes a change in control event within the meaning of section 409A of the
Code.  Settlement of the vested Restricted Stock Units on the
Settlement Date shall be made in the form of shares of Stock (with one share of
Stock distributed for each vested Restricted Stock Unit and cash equal in value
to any fractional Restricted Stock Unit) registered in the name of the
Participant.  The shares of Stock distributed in settlement of the
Restricted Stock Units will be evidenced by stock certificates which shall be
delivered to Participant.

     

    5. Restrictions on
Transfer.  The Participant may not sell, assign, pledge or
transfer, other than by the laws of descent or distribution, his or her
Restricted Stock Units or any rights under or with respect to the Restricted
Stock Units.

     

    6. Rights as a
Stockholder.  The Participant shall not be a stockholder of the
Company until the shares of Stock issued in settlement of the Restricted Stock
Units are registered in his or her name in accordance with the terms of this
Agreement.

     

    7. Notices.  Any
notice required or permitted under this Agreement shall be deemed given when
delivered personally, or when deposited in a United States Post Office, postage
prepaid, addressed, as appropriate, to the Company at its principal offices, to
the Participant at the Participant’s address as last known by the Company or, in
either case, such other address as one party may designate in writing to the
other.

     

    8. Securities Laws
Requirements.  The Company may require as a condition of
distribution of any shares of Stock in settlement of the Restricted Stock Units
that the Participant furnish a written representation that he or she is holding
the shares of Stock for investment and not with a view to resale or distribution
to the public.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    Protections Against
Violations of Agreement.  No purported sale, assignment,
mortgage, hypothecation, transfer, pledge, encumbrance, gift, transfer in trust
(voting or other) or other disposition of, or creation of a security interest in
or lien on, any of the Restricted Stock Units by any holder thereof in violation
of the provisions of this Agreement shall be valid.  The Restricted
Share Units do not constitute shares of Stock unless and until the shares of
Stock issued in settlement of the Restricted Stock Units are registered in his
or her name in accordance with the terms of this Agreement and the Participant
shall not, as a result of this Agreement, be a stockholder of the
Company.  The foregoing restrictions are in addition to and not in
lieu of any other remedies, legal or equitable, available to enforce said
provisions.

    9. Taxes.  The
Participant understands that he or she (and not the Company) shall be
responsible for any tax obligations that may arise as a result of the
transactions contemplated by this Agreement and that the Company shall not be
responsible for any such tax obligations and shall not be required to withhold
any amounts to satisfy any such tax obligations.

     

    10. Failure to Enforce Not a
Waiver.  The failure of the Company to enforce at any time any
provision of this Agreement shall in no way be construed to be a waiver of such
provision or of any other provision hereof.

     

    11. Governing
Law.  This Agreement shall be governed by and construed
according to the laws of the State of Delaware without regard to its principles
of conflict of laws.

     

    12. Amendments.  Except
as provided in Section 17, this Agreement may be amended or modified at any time
only by an instrument in writing signed by each of the parties
hereto.

     

    13. Survival of
Terms.  This Agreement shall apply to and bind the Participant
and the Company and their respective permitted assignees and transferees, heirs,
legatees, executors, administrators and legal successors.

     

    14. Agreement Not a Contract for
Services.  Neither the grant of Restricted Stock Units, this
Agreement nor any other action taken pursuant to this Agreement shall constitute
or be evidence of any agreement or understanding, express or implied, that the
Participant has a right to continue to provide services as an officer, director,
employee or consultant of the Company for any period of time or at any specific
rate of compensation.

     

    15. Severability.  If
a provision of this Agreement is held invalid by a court of competent
jurisdiction, the remaining provisions will nonetheless be enforceable according
to their terms.  Further, if any provision is held to be over broad as
written, that provision shall be amended to narrow its application to the extent
necessary to make the provision enforceable according to applicable law and
enforced as amended.

     

    16. Plan.  The
Restricted Stock Units are granted pursuant to the Plan, and the Restricted
Stock Units and this Agreement are in all respects governed by the Plan and
subject to all of the terms and provisions thereof, whether such terms and
provisions are incorporated in this Agreement by reference or are expressly
cited.

     

    17. Special Section 409A
Rules.  Notwithstanding any other provision of this Agreement
to the contrary, if any payment or benefit hereunder is subject to section 409A
of the Code and if such payment or benefit is to be paid or provided on account
of the Participant’s termination of directorship (or other separation from
service), the determination as to whether the Participant has had a termination
of directorship (or separation from service) shall be made in accordance with
the provisions of section 409A of the Code and the guidance issued thereunder
without application of any alternative levels of reductions of bona fide
services permitted thereunder.

     

    IN
WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement,
effective as of the date first noted above.

    

    

    PDI,
INC.                                                                                     PARTICIPANT

    

    

    

    ___________________________                                                                                                ___________________________

    Name:                                                                                     
Name:

    Title:

    
      
         

      

      
        4exhibi10-60.htm

    American
Axle & Manufacturing Holdings, Inc.

     

    Deferred
Compensation Unit -  Form of Award Agreement

     

    THIS AGREEMENT (the “Agreement”), is made
effective as of {INSERT DATE}
(the “Date of
Grant” or “Effective Date”), between American Axle & Manufacturing
Holdings, Inc., a Delaware corporation (the “Company”), and {INSERT NAME} (the “Participant”):

     

    RECITALS:

     

    A. Prior to
2009, members of the Board of Directors received a portion of their compensation
in the form of restricted stock units granted under the 1999 American Axle &
Manufacturing Holdings, Inc. Stock Incentive Plan (the “Plan”);
and

     

    B. The Plan
expired in January 2009 and the Company wishes to continue to have a portion of
the Participants’ compensation tied to a measure of total shareholder
return.

     

    Therefore,
the parties agree as follows:

     

    1. Grant of the Award.
The Company grants to the Participant, on the terms and conditions set forth in
this Agreement, a deferred compensation unit (a “DCU”) award covering an
aggregate of {INSERT
NUMBER} DCUs (the “Award”). Each DCU granted hereunder shall have a value
equal to $1.00 U.S.

     

    2. Vesting of the
Award.

     

    (a) Vesting Schedule.
Subject to Section 2(b) and Section 2(c), the Award shall vest in full twelve
(12) months following the Date of Grant or such earlier date in accordance with
Section 2(b) below (the “Vesting Date”).

     

    (b) Earlier Vesting. To
the extent not already vested, the Award shall vest in full and be paid out upon
the death or Disability (as defined below) of the Participant or upon the
occurrence of a Change in Control (as defined below).

     

    (c) Forfeiture. Except as
otherwise stated in Section 2(b), if the Participant’s service as a member of
the Board ceases for any reason, prior to the Vesting Date, the Award shall be
forfeited and canceled without consideration.

     

    
      	
              3.  

            	
              Payment of the
      Award.

            

    

     

    a) Total Shareholder Return
Measurement. As provided in Section 3(b) below, the number of DCUs earned
under this Agreement shall be based on the Company’s Total Shareholder Return
during the period beginning on the Date of Grant and ending on the Vesting Date
(the “Measurement Period”).

     

    For this
purpose, Total Shareholder Return shall be determined as follows:

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            	
                                    Total
      Shareholder Return

                                  	
                                    =

                                  	
                                    Change in Stock Price + Dividends
      Paid

                                    Beginning
      Stock
Price

                                  

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    

    Beginning
Stock Price shall mean the average closing price on the applicable stock
exchange of one share of stock for the thirty (30) trading days immediately
prior to the first day of the Measurement Period; Ending Stock Price shall mean
the average closing price on the applicable stock exchange of one share of stock
for the thirty (30) trading days immediately prior to the last day of the
Measurement Period; Change in Stock Price shall mean the difference between the
Beginning Stock Price and the Ending Stock Price; and Dividends Paid shall mean
the total of all dividends paid on one (1) share of stock during the Measurement
Period, provided that dividends shall be treated as though they are reinvested
at the end of each calendar quarter.

     

    b) Determination of Number of
DCUs Earned. Except as otherwise provided herein, the number of DCUs
earned as of the Vesting Date shall equal the product of: (a) the number of DCUs
granted to the Participant pursuant to this Agreement and (b) the resulting
Multiplier as determined in the Two-Step Table below. The Committee shall have
the sole authority to calculate the number of earned DCUs under this
Agreement.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Two-Step
Table

    
      	
              Total
      Shareholder Return

            	
              Multiplier

            
	 
      	 
      
	
               20%
      or More

            	
               120%

            
	
               10%
      – < 20%

            	
               112%

            
	
               5%
      – < 10%

            	
               105%

            
	
              -5%
      – < 5%

            	
               100%

            
	
              -10%
      – < 5%

            	
              -105%

            
	
              -20%
      – < -10%

            	
              -115%

            
	
              -21%
      or Less

            	
              -120%

            
	 
      	 
      

    

    

    c) Calculation of Payment
Amount. Payment of DCUs earned (as determined in Section 3(b) above)
shall be settled in cash with the amount equal to the product of (i) $1.00 U.S.
and (ii) the number of DCUs earned.

     

    d) Normal Payment.
Subject to Section 3(e), the Participant shall receive the cash payment for the
earned DCUs on or before the fifteenth (15th) day of
the second month following the Vesting Date (the “Payment
Date”).

     

                   
e) Deferred Payment
Date. If the Participant so elects on the Date of Grant, then the
Participant shall have the right to receive from the Company, within 90 days
after the Deferred Payment Date, the cash payment (as determined in Sections
3(a-c)) with respect to this Award if vested on or before that date. “Deferred Payment Date” shall
mean the earlier of the date of the Participant’s “separation from service”
within the meaning of Section 409A of the Code or the Participant’s
death.

     

    f) No Right to Continued
Service as a Director. This Agreement shall not be construed as giving
the Participant the right to be retained as a member of the Board.

     

    4. Transferability.
Except as otherwise provided in this Agreement, the Award may not be assigned,
alienated, pledged, attached, sold or otherwise transferred or encumbered by the
Participant other than by will or by the laws of descent and distribution.
Except for the designation of the Participant’s beneficiary, the purported
assignment, alienation, pledge, attachment, sale, transfer or encumbrance of the
Award shall be void and unenforceable against the Company or any Affiliate. No
permitted transfer of the Award to heirs or legatees of the Participant shall be
effective to bind the Company unless the Company has been furnished with written
notice of the transfer and a copy of the evidence that the Company deems
necessary to establish the validity of the transfer and the acceptance by the
transferee or transferees of the terms and conditions of the Award.

     

    5. Withholding. In the
event that the Company is required to withhold taxes from any payments to
Participants, the Company will withhold and forward the amounts to the
appropriate authorities.

     

    6. Securities Laws. In
connection with the grant, vesting or payment of the Award, the Participant will
make or enter into any written representations, warranties and agreements that
the Committee may reasonably request in order to comply with applicable
securities laws or with this Agreement.

     

    7. Notices. Notice under
this Agreement shall be addressed to the Company in care of its Secretary at the
principal executive offices of the Company and to the Participant at the address
appearing in the records of the Company for the Participant, or to either party
at another address that the party designates in writing to the other. Notice
shall be effective upon receipt.

     

    8. Choice of Law. The
interpretation, performance and enforcement of this Agreement shall be governed
by the laws of the State of New York without regard to principles of conflicts
of law.

     

    9. Definitions.

     

    (a) “Affiliate”
means any corporation or other entity that is affiliated with the Company
through stock or equity ownership or otherwise, and is designated as an
Affiliate for purposes of this Agreement by the compensation committee of the
Company.

     

    (b) “Beneficial
Owner” or “Beneficial Ownership” shall have the meaning ascribed to such terms
in Rule 13d-3 of the General Rules and Regulations under the Exchange
Act.

     

    (c) “Board of
Directors” or “Board” means the Board of
Directors of the Company.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
              (d)  

            	
               “Change
      in Control” means any of the following
events:

            

    

     

     (i)         Any
Person, excluding the Company and any subsidiary and any employee benefit plan
sponsored or maintained by the Company or any subsidiary (including any trustee
of such plan acting as trustee), directly or indirectly, becomes the beneficial
owner (as defined in Rule 13d-3 under the Exchange Act), of securities of
the Company representing 20% or more of the combined voting power of the
Company’s then outstanding securities; or

    

    (ii) The
consummation of any merger or other business combination involving the Company,
a sale of 51% or more of the Company’s assets, liquidation or dissolution of the
Company or a combination of the foregoing transactions (the “Transactions”) other than a
Transaction immediately following which the shareholders of the Company
immediately prior to the Transaction own, in the same proportion, at least 51%
of the voting power, directly or indirectly, of (A) the surviving
corporation in any such merger or other business combination; (B) the
purchaser of or successor to the Company’s assets; (C) both the surviving
corporation and the purchaser in the event of any combination of Transactions;
or (D) the parent company owning 100% of such surviving corporation,
purchaser or both the surviving corporation and the purchaser, as the case may
be; or

    

    (iii)         Within
any 24-month period, the persons who were directors immediately before the
beginning of such period (the “Incumbent Directors”) cease
(for any reason other than death) to constitute at least a majority of the Board
or the board of directors of a successor to the Company. For this purpose, any
director who was not a director at the beginning of such period shall be deemed
to be an Incumbent Director if such director was elected to the Board by, or on
the recommendation of or with the approval of, at least two thirds of the
directors who then qualified as Incumbent Directors, so long as such director
was not nominated by a person who commenced or threatened to commence an
election contest or proxy solicitation by or on behalf of a person (other than
the Board) or who has entered into an agreement to effect a Change in Control or
expressed an intention to cause such a Change in Control.

    

    (e) “Disability”
means the Participant’s inability to engage in any substantial gainful activity
by reason of any medically determinable physical or mental impairment that can
be expected to result in death or can be expected to last for a continuous
period of not less than 12 months.

     

    (f) “Person”
shall have the meaning ascribed to such term in Section 3(a)(9) of the Exchange
Act and used in Sections 13(d) and 14(d) thereof, including a “group” as defined
in Section 13(d) thereof.

     

    10.  Section 409A. The
Award is intended to satisfy the requirements of Section 409A of the Code with
respect to amounts subject thereto and shall be interpreted and construed in a
manner consistent with that intent. If any provision of this Agreement or the
Plan causes the Award not to satisfy the requirements of Section 409A of the
Code, or could otherwise cause the Participant to recognize income or be subject
to the interest and penalties under Section 409A of the Code, then the provision
shall have no effect or, to the extent practicable, the Company may modify the
provision to maintain the original intent without violating the requirements of
Section 409A of the Code.

     

    11.  Signature in Counterparts.
This agreement may be signed in counterparts. Each counterpart shall be
an original, with the same effect as if the signatures were on the same
instrument.

     

    

    AMERICAN AXLE &
MANUFACTURING

     

    HOLDINGS, INC.

     

    

     

    By:         ______________________________________

     

    Name:

     

    Title:

     

    Agreed
and acknowledged

     

    as of the
Date of Grant:

     

    ______________________

     

    {Insert
Participant Name}

     

    ______

     

    (initials)                 I,
{Insert Name}, the
Participant named above, wish to defer the payment of the Award, inaccordance
with and subject to the terms of Section 3(e) of this Agreement, until the date
of myseparation from service, and do hereby so elect.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00155-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00155-of-00352.parquet"}]]