Document:

Wolverine World Wide Exhibit 10.4 to Form 8-K - 02/15/05

EXHIBIT 10.4

	 	
Grantee:
	
Number of Shares:

	 	 	 
	 	
Address:
	
Date of Award:          

	 	 	 
	 	 	
Restricted Option Number:

RESTRICTED STOCK AGREEMENT

          This Restricted Stock Agreement ("Agreement") is made as of the award date set forth above, between WOLVERINE WORLD WIDE, INC., a Delaware corporation ("Wolverine"), and the employee named above ("Employee").

          The Wolverine World Wide, Inc. Stock Incentive Plan (the "Plan") is administered by the Compensation Committee of Wolverine's Board of Directors (the "Committee"). The Committee has determined that Employee is eligible to participate in the Plan. The Committee has awarded restricted stock to Employee, subject to the terms and conditions contained in this Agreement and in the Plan.

          Employee acknowledges receipt of a copy of the Plan and accepts this restricted stock award subject to all of the terms, conditions, and provisions of this Agreement and the Plan.

          1.          Award. Wolverine hereby awards to Employee shares of Wolverine's common stock, $1 par value, set forth above, and subject to restrictions imposed under this Agreement and the Plan (the "Restricted Stock").

          2.          Transferability. Until the restrictions lapse as set forth in paragraph 3 below, the Plan provides that Restricted Stock granted under this Agreement is generally not transferable by Employee except by will or according to the laws of descent and distribution, and further provides that all rights with respect to the Restricted Stock are exercisable during Employee's lifetime only by Employee, Employee's guardian, or legal representative. Wolverine shall place an appropriate legend upon any certificate representing shares of Restricted Stock awarded under this Agreement and may also issue appropriate stop transfer instructions to its transfer agent with respect to such shares.

          3.          Lapsing of Restrictions. Except as otherwise provided in this Agreement, the restrictions imposed on the Restricted Stock awarded pursuant to this Agreement shall lapse as follows: restrictions on twenty-five percent of the Restricted Stock shall lapse three years from the date of this Agreement; restrictions on an additional twenty-five percent of the Restricted Stock shall lapse four years from the date of this Agreement; and restrictions on the remaining fifty percent of the Restricted Stock shall lapse five years from the date of this Agreement. The periods during which Restricted Stock is subject to restrictions imposed by the Plan and under this Agreement shall be known as "Restricted Periods."

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4.          Registration and Listing; Securities Laws.

                    (a)          The Restricted Stock award under this Agreement is conditional upon (i) the effective registration or exemption of the Plan and the Restricted Stock granted there under the Securities Act of 1933 and applicable state or foreign securities laws, and (ii) the effective listing of the stock on the New York Stock Exchange and the Pacific Stock Exchange.

                    (b)          Employee hereby represents and warrants that Employee is acquiring the Restricted Stock awarded under this Agreement for Employee's own account and investment and without any intent to resell or distribute the Restricted Stock. Employee shall not resell or distribute the Restricted Stock after any Restricted Period except in compliance with such conditions as Wolverine may reasonably specify to ensure compliance with federal and state securities laws.

          5.          Termination of Employment or Officer Status. If the Employee's employment or officer status with Wolverine or any of its subsidiaries is terminated during any Restricted Period, all Restricted Stock still subject to restrictions at the date of such termination shall either vest or automatically be forfeited and returned to Wolverine as provided in the Plan except as otherwise set forth in this Section. In addition to any accelerated vesting provided in the Plan, Restricted Stock subject to this Agreement shall fully vest upon the following events resulting in termination of employment or officer status: (a) death; (b) disability (as defined in Wolverine's Long-Term Disability Plan); or (c) voluntary termination by an Employee of all employment and/or officer status with Wolverine and its Subsidiaries after the Participant has attained (i) 50 years of age and seven years of service (as an employee and/or officer of Wolverine or its subsidiaries), (ii) 62 years of age, or (iii) such other age, period or conditions of service as may be determined by the Committee in its sole discretion. If Employee is terminated for cause, Employee shall have no further right to receive any Restricted Stock and all Restricted Stock still subject to restrictions at the date of such termination shall automatically be forfeited and returned to Wolverine.

          6.          Employment by Wolverine. The award of Restricted Stock under this Agreement shall not impose upon Wolverine or any subsidiary any obligation to retain Employee in its employ for any given period or upon any specific terms of employment. Wolverine or any subsidiary may at any time dismiss Employee from employment, free from any liability or claim under the Plan or this Agreement, unless otherwise expressly provided in any written agreement with Employee.

          7.          Stockholder Rights. During the Restricted Period, Employee shall have all voting, dividend, liquidation, and other rights with respect to the Restricted Stock held of record by Employee as if Employee held unrestricted common stock; provided, however, that the unvested portion of any Restricted Stock award shall be subject to any restrictions on transferability or risks of forfeiture imposed pursuant to this Agreement or the Plan. Any noncash dividends or distributions paid with respect to shares of unvested Restricted Stock shall be subject to the same restrictions as those relating to the Restricted Stock awarded under this Agreement. After the restrictions applicable to the Restricted Stock lapse, Employee shall have all stockholder rights, including the right to transfer the shares, subject to such conditions as Wolverine may reasonably specify to ensure compliance with federal and state securities laws.

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          8.          Withholding. Wolverine or one of its subsidiaries shall be entitled to (a) withhold and deduct from Employee's future wages (or from other amounts that may be due and owing to Employee from Wolverine or a subsidiary), or make other arrangements for the collection of, all legally required amounts necessary to satisfy any and all federal, state, and local withholding and employment-related tax requirements attributable to the Restricted Stock award under this Agreement, including, without limitation, the award or vesting of, or payments of dividends with respect to, the Restricted Stock; or (b) require Employee promptly to remit the amount of such withholding to Wolverine or a subsidiary before taking any action with respect to the Restricted Stock. Unless the Committee provides otherwise, withholding may be satisfied by withholding common stock to be received or by delivery to Wolverine or a subsidiary of previously owned common stock of Wolverine.

          9.          Effective Date. This award of Restricted Stock shall be effective as of the date first set forth above.

          10.          Amendment. This Agreement shall not be modified except in a writing executed by the parties hereto.

          11.          Agreement Controls. The Plan is incorporated in this Agreement by reference. Capitalized terms not defined in this Agreement shall have those meanings provided in the Plan. In the event of any conflict between the terms of this Agreement and the terms of the Plan, the provisions of the Agreement shall control.

	
 
	
WOLVERINE WORLD WIDE, INC.

	
 
	
 

	
 
	
 

	
 
	
By
	
 

	
 
	
 
	
Stephen L. Gulis, Jr., Exec. Vice President & CFO

	
 
	
 

	
 
	
 

	
 
	
 

	
 
	
Signature

	
 
	
 

	
 
	
 

	
 
	
 

	
 
	
Print name

3exv4w55

 

NEWS RELEASE

Wheaton Shareholders Say “YES” To Goldcorp!

Goldcorp Extends Offer Expiry To February 28, 2005

TORONTO, ONTARIO — February 14, 2005 — GOLDCORP INC. (NYSE:GG) (TSX:G) has announced that the
two-thirds minimum bid requirement condition to combine Goldcorp Inc. and Wheaton River Minerals
Ltd., has been met. To date, approximately 396,603,552 Wheaton River common shares, representing
approximately 69% of the total outstanding Wheaton River common shares, have been tendered to
Goldcorp’s Offer. Goldcorp Inc. and its wholly owned subsidiary, Goldcorp Acquisition ULC, will
immediately take up all Common Shares that were deposited prior to 5:00 p.m. (Vancouver time) on
February 14, 2005 and payment for such Common Shares will be made on February 17, 2005.

Additionally, to complete the transaction, Goldcorp has extended the Offer expiry date to give the
remaining Wheaton River shareholders more time to tender. THE LAST DAY FOR WHEATON RIVER
SHAREHOLDERS TO TENDER THEIR SHARES IS NOW FEBRUARY 28, 5:00PM TORONTO TIME. The period beginning
at 5:00 p.m. (Vancouver time) on February 14, 2005 and ending at 5:00 p.m. (Toronto time) on
February 28, 2005 is a “subsequent offering period” under Rule 14d-11 of the United States
Securities Exchange Act of 1934, as amended. During the subsequent offering period, Goldcorp will
accept for payment and promptly pay for Wheaton River common shares as they are tendered. Wheaton
River shareholders who tender Wheaton River shares during such period will be paid the same
consideration paid to Wheaton River shareholders who tendered their Wheaton River common shares
prior to 5:00 p.m. (Vancouver time) on February 14, 2005.

“A major force in the gold industry is being created today. The new Goldcorp will become the gold
investment of choice for investors looking for safety, growth, profits and dividends,” said Rob
McEwen, Goldcorp Chairman and CEO.

“I am very pleased that Wheaton River shareholders continue to support the future growth and value
of the new Goldcorp. Together with Wheaton and Goldcorp’s combined world class assets, mining
expertise, strong management and extraordinary people the future is extremely bright,” said Ian
Telfer, Wheaton River Minerals Ltd. Chairman and CEO.

The new Goldcorp will be the lowest-cost million-ounce gold producer in the world! With a low risk
profile, world-class assets and an exceptional balance sheet, the new Goldcorp will be uniquely
positioned in the gold industry. Joining two of the most successful CEO’s in the world of mining
today, Goldcorp’s Rob McEwen will become Chairman of the Board and Ian Telfer will be the new
President and Chief Executive Officer of new Goldcorp.

Now that the Wheaton River minimum bid conditions are satisfied, Goldcorp shareholders of record at
the close of business on February 16, 2005, will receive on February 28, 2005, a special cash
dividend of US$0.50 per share, which was previously announced on February 8, 2005.

 

 

			
	Goldcorp Inc. — Press Release
	 	Page 2

Goldcorp’s Red Lake Mine is the richest gold mine in the world. The Company is in excellent
financial condition: has NO DEBT, a Large Treasury, positive Cash Flow and Earnings and pays a
Dividend twelve times a year! GOLDCORP is UNHEDGED and currently withholds one-third of annual
gold production in anticipation of higher gold prices. Goldcorp’s shares are listed on the New
York and Toronto Stock Exchanges under the trading symbols of GG and G, respectively, and its
options trade on the American Stock Exchange (AMEX), the Chicago Board of Options Exchange (CBOE)
and the Pacific Stock Exchange (PCX) in the United States and on the Montreal Exchange (MX) in
Canada.

 

Wheaton Shareholders with questions about how to tender their shares should call:

In North America

KINGSDALE SHAREHOLDER SERVICES INC.

Call Toll-Free: 1-866-749-5464

Banks and Brokers Call Collect: 416-867-2335

	 	 	 
	For further information, please contact:
	 	Corporate Office:
	 
	 	 
	Ian J. Ball
	 	145 King Street West
	Investor Relations
	 	Suite 2700
	Telephone: (416) 865-0326
	 	Toronto, Ontario
	Toll Free: (800) 813-1412
	 	M5H 1J8
	Fax: (416) 361-5741
	 	website: www.goldcorp.com
	e-mail: info@goldcorp.com
	 	 

Certain statements included in this document constitute ‘‘forward-looking statements’’
concerning the business, operations and financial performance and condition of Goldcorp. Such
forward-looking statements, including, but not limited to, those with respect to the prices of
gold, copper and silver, the timing and amount of estimated future production, costs of production,
capital expenditures, reserves determination, costs and timing of the development of new deposits
and permitting time lines, involve known and unknown risks, uncertainties and other factors which
may cause the actual results, performance or achievements of Goldcorp to be materially different
from any future results, performance or achievements expressed or implied by such forward-looking
statements. Such factors include, among others, the actual results of current exploration
activities, actual results of current reclamation activities, conclusions of economic evaluations,
changes in project parameters as plans continue to be refined and the future prices of gold, copper
and silver. Although Goldcorp has attempted to identify important factors that could cause actual
results to differ materially from those contained in forward-looking statements, there may be other
factors that cause results not anticipated, estimated or intended. There can be no assurance that
such statements will prove to be accurate as actual results and future events could differ
materially from those anticipated in such statements.

Many of these factors are beyond the control of Goldcorp and its subsidiaries. Consequently, all of
the forward looking statements made in this document are qualified by these cautionary statements
and there can be no assurance that the expected results or developments anticipated by Goldcorp
will be realized.

This press release is neither an offer to purchase securities nor a solicitation of an offer to
sell securities. Goldcorp has filed the following documents with Canadian securities regulatory
authorities in connection with its offer to purchase all of the outstanding common shares of
Wheaton River Minerals Ltd.: (1) a take-over bid circular and (2) a notice of special meeting of
Goldcorp shareholders and management information circular. Goldcorp has filed the following
documents with the United States Securities and Exchange Commission in connection with its offer to
purchase all of the outstanding common shares of Wheaton River Minerals Ltd.: (1) a registration
statement and prospectus and (2) a tender offer statement (which includes as an exhibit the notice
of special meeting of Goldcorp shareholders and management information circular). Wheaton River
has filed a directors’ circular with Canadian securities regulatory authorities and a
solicitation/recommendation statement with United States Securities and Exchange Commission with

 

 

			
	Goldcorp Inc. — Press Release
	 	Page 3

respect to Goldcorp’s offer. Wheaton River investors and shareholders are strongly advised to read
the Goldcorp registration statement and prospectus, the Goldcorp tender offer statement and the
Wheaton River solicitation/recommendation statement, as well as any amendments and supplements
thereto, because they contain important information. Investors and shareholders may obtain free
copies of the documents described above at www.sedar.com or from the Securities and Exchange
Commission’s website at www.sec.gov. Free copies of the following documents can also be obtained
by directing a request to Goldcorp at the address referred to below: (1) the Goldcorp take-over
bid circular, (2) the related letter of transmittal, (3) the Goldcorp registration statement and
prospectus, (4) the Goldcorp tender offer statement, (5) the Wheaton River directors’ circular and
(6) certain other documents.

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