Document:

Exhibit

Exhibit 10.1
NUTANIX, INC.
OUTSIDE DIRECTOR COMPENSATION POLICY
Adopted and approved November 16, 2016
Nutanix, Inc. (the “Company”) believes that granting equity compensation to members of its Board of Directors (the “Board”, and members of the Board, the “Directors”) represents an effective tool to attract, retain and reward Directors who are not employees of the Company (the “Outside Directors”).  This Outside Director Compensation Policy (this “Policy”) formalizes the Company’s policy regarding compensation for its Outside Directors, which shall consist entirely of equity grants.  Unless otherwise defined herein, capitalized terms used in this Policy will have the meaning given such term in the Company’s 2016 Equity Incentive Plan (as amended, the “Plan”).  Each Outside Director will be solely responsible for any tax obligations incurred by such Outside Director because of the equity awards such Outside Director receives under this Policy.
This Policy will be effective as of November 16, 2016.
		
	1.
	EQUITY COMPENSATION

Outside Directors will be entitled to receive all types of Awards (except Incentive Stock Options) under the Plan (or the applicable equity plan in place at the time of grant), including discretionary Awards in addition to those covered under this Policy.  All grants of Awards to Outside Directors pursuant to this Policy will be automatic and nondiscretionary, except as otherwise provided herein, and will be made as follows:
		
	a.
	No Discretion.  No person will have any discretion to select which Outside Directors will be granted any Awards under this Policy or to determine the number of Shares to be covered by such Awards.

		
	b.
	Initial Awards.  Subject to Section 11 of the Plan, each person who first becomes an Outside Director following the effective date of this Policy will, effective on the date such person first becomes an Outside Director, whether through election by the stockholders of the Company or appointment by the Board to fill a vacancy, automatically be granted an award (an “Initial Award”) of restricted stock units (“RSUs”) with a total dollar value equal to $450,000 (the “Initial Award Value”); provided, however, that a Director who is an Employee (an “Inside Director”) who ceases to be an Inside Director, but who remains a Director, will not receive an Initial Award.  The number of Shares subject to an Initial Award will be calculated by dividing the Initial Award Value by the Per Share Value, rounded down to the nearest whole Share.  Subject to the Outside Director continuing to be a Service Provider through the applicable vesting date, each Initial Award will vest as to one-third (1/3) of the RSUs subject to the Initial Award on each anniversary of the date of grant.

		
	c.
	Annual Awards. Subject to Section 11 of the Plan, on the date of each annual meeting of the Company’s stockholders (each, an “Annual Meeting”) beginning with the 2017 Annual Meeting, each Outside Director will automatically be granted an award of RSUs (an “Annual Award”) with a total dollar value based on Board and other service as follows (such resulting total dollar value, the “Annual Award Value”), provided, however, that an Annual Award will not be granted to any Outside Director who is not continuing as a Director following the applicable Annual Meeting:

	
									
	Board Member:
	 
	$
	255,000
	

	 
	 

	 
	 
	 
	 
	 

	Committee Awards:
	 
	Chair 
	 
	Member

	Audit  
	 
	$
	20,000
	

	 
	$
	10,000
	

	Compensation
	 
	$
	15,000
	

	 
	$
	7,500
	

	Nominating and Governance
	 
	$
	10,000
	

	 
	$
	5,000
	

The number of Shares subject to an Annual Award will be calculated by dividing the applicable Annual Award Value by the Per Share Value, rounded down to the nearest whole Share.
Each Annual Award will vest in full on the earlier of (i) the day prior to the next Annual Meeting held after the date of grant or (ii) the one-year anniversary of the date of grant, in each case subject to the Outside Director continuing to be a Service Provider through the applicable vesting date.
Notwithstanding the vesting schedules above, in the event of a Change in Control, each Initial Award and Annual Award may be subject to accelerated vesting in accordance with Section 14(d) of the Plan. 
		
	d.
	Per Share Value. For purposes of this Policy, “Per Share Value” means, with respect to one Share, the average of the closing trading price of a Share for the 30-day trading period ending on the last trading day immediately prior to the grant date, or such other methodology as the Board may determine prior to an Award becoming effective.

		
	2.
	TRAVEL EXPENSES

Each Outside Director’s reasonable, customary and documented travel expenses to Board meetings will be reimbursed by the Company.
		
	3.
	ADDITIONAL PROVISIONS

All provisions of the Plan that are not inconsistent with this Policy will apply to Awards granted to Outside Directors.
		
	4.
	REVISIONS

The Board may change and otherwise revise the terms of Awards granted under this Policy, including, without limitation, the number of Shares subject thereto, for Awards of the same or different type granted on or after the date the Board determines to make any such change or revision.Exhibit 10.1

 

RESTRICTED STOCK AWARD AGREEMENT (EMPLOYEE)

 

This Restricted Stock
Award Agreement (“Agreement”) has been entered into as of the day of , 20 , between Hurco Companies,
Inc., an Indiana corporation (the “Company”), and _____________ (“Participant”),
an employee of the Company or one of the Company’s subsidiaries pursuant to the Company’s 2016 Equity Incentive Plan
(the “Plan”).

 

WHEREAS, the Compensation
Committee of the Board of Directors of the Company (the “Committee”) has granted to Participant a restricted
stock award pursuant to the terms and conditions as provided in the Plan and this Agreement;

 

WHEREAS, the
Company and Participant desire to set forth the terms and conditions of the award; and

 

WHEREAS, capitalized
terms used but not otherwise defined herein shall have their meanings set forth in the Plan.

 

NOW, THEREFORE,
in consideration of the mutual covenants and agreements contained in this Agreement, the Company and Participant agree as follows:

 

1.          Grant
of Award. Subject to the terms and conditions stated in the Plan and this Agreement, the Committee hereby grants to Participant
an award of ____________ restricted shares (the “Restricted Stock”) of the Company’s common stock
(the “Common Stock”). The date of this grant (the “Restricted Stock Award Date”)
is _________, 20__ .

 

2.          Representations
of Participant. Participant hereby (a) accepts the award of Restricted Stock described in paragraph 1 hereof, (b) agrees
that the Restricted Stock will be held by him or her and his or her successors subject to (and will not be disposed of except in
accordance with) all of the restrictions, terms and conditions contained in this Agreement and the Plan, and (c) agrees that
any certificates issued for the Restricted Stock may bear the following legend or such other legend as the Company, from time to
time, deems appropriate:

 

“The transferability
of this certificate and the shares represented hereby are subject to the terms and conditions (including forfeiture) contained
in the Hurco Companies, Inc. 2016 Equity Incentive Plan, and an Award Agreement entered into between the registered owner and Hurco
Companies, Inc. Copies of the Plan and Award Agreement are on file in the office of the Secretary of Hurco Companies, Inc.”

 

and that any book-entry of the Restricted
Stock shall be subject to comparable stop transfer instructions.

 

3.          Vesting.
Subject to the terms of the Plan and this Agreement, the Restricted Stock held by Participant shall become fully vested and nonforfeitable
as to 1/3 of the shares of Restricted Stock on a cumulative basis, on each of the first, second, and third anniversaries of the
Restricted Stock Award Date.

 

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4.          Restriction
Period. Except as otherwise provided in this Agreement, the Plan, or the Company’s Stock Ownership Policy, Participant
may not sell, assign, transfer, pledge or otherwise dispose of or encumber any of the shares of Restricted Stock, or any interest
therein, until his or her rights in such shares have vested in accordance with this Agreement (the “Restriction Period”).
Any purported sale, assignment, transfer, pledge or other disposition or encumbrance in violation of this Agreement or the Plan
will be void and of no effect.

 

5.          Voting
and Dividends. During the Restriction Period, and except as otherwise provided in the Plan, Participant shall have all of the
rights of a shareholder of the Company with respect to the Restricted Stock, including the right to vote the Restricted Stock.
Any dividends or distributions paid with respect to the Restricted Stock during the Restriction Period shall be subject to the
same restrictions and other terms and conditions as the Restricted Stock to which such dividends or distributions relate.

 

6.          Forfeiture.
Except as provided in the Plan or by the Committee, in its sole discretion, upon termination of service with the Company or one
of its subsidiaries, Participant shall forfeit all unvested shares of Restricted Stock, and shall not receive any compensation
for such forfeited Restricted Stock. Participant shall have no further rights as a shareholder of the Company with respect to the
forfeiture, including, without limitation, any right to receive any distribution payable to shareholders of record on or after
the date of such forfeiture.

 

7.          Certificates
or Book Entry. As soon as practicable after the Restricted Stock Award Date, the Company shall issue a stock certificate or
establish a book entry in respect of the Restricted Stock which will be registered in Participant’s name. Any such stock
certificate shall be deposited with the Company or its designee, together with an assignment separate from the certificate, in
blank, signed by the Participant, and bear an appropriate legend referring to the restricted nature of the Restricted Stock evidenced
thereby, including, but not limited to, the legend set forth in paragraph 2 hereof. Any book entry of the Restricted Stock shall
be subject to comparable restrictions and corresponding stop transfer instructions. To the extent the shares of Restricted Stock
become vested, and upon the Company’s determination that any necessary conditions precedent to the release of vested Shares
(such as satisfaction of tax withholding obligations and compliance with applicable legal requirements) have been satisfied, the
Company shall promptly provide Participant (or in the case of his death, his designated beneficiary) the certificates for the appropriate
number of shares of Common Stock or shall release restrictions on any book entry evidencing the appropriate number of shares of
Common Stock.

 

8.          Withholding.
Prior to delivery of any shares of Common Stock pursuant to the vesting of Restricted Stock, the Company has the right and
power to deduct or withhold, or permit Participant to remit to the Company, an amount (including an amount of shares of Common
Stock) sufficient to satisfy all applicable tax withholding requirements, as set forth in the Plan.

 

9.          Qualification
of Rights. Neither this Agreement nor the existence of the award shall be construed as giving Participant any right to be
retained as an employee of the Company or any of its subsidiaries.

 

10.         Plan Controlling.
The terms and conditions set forth in this Agreement are subject in all respects to the terms and conditions of the Plan, which
are controlling. All determinations and interpretations of the Committee shall be binding and conclusive upon Participant and
his or her legal representatives.

 

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11.          Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Indiana (without regard
to any applicable principles of conflicts of law that might require the application of another jurisdiction’s laws).

 

12.          Notices.
All notices and other communications required or permitted under this Agreement shall be written and shall be delivered personally
or sent by registered or certified first-class mail, postage prepaid and return receipt required, addressed as follows: if to
the Company, to the Company’s executive offices in Indianapolis, Indiana, and if to Participant or his or her successor,
to the address last furnished by Participant to the Company. Each notice and communication shall be deemed to have been given
when received by the Company or Participant.

 

13.          No Waiver.
The failure of a party to insist upon strict adherence to any term of this Agreement on any occasion shall not be considered a
waiver thereof or deprive that party of the right thereafter to insist upon strict adherence to that term or any other term of
this Agreement.

 

14.         Recoupment.
Any rights, payments and benefits Participant may receive hereunder shall be subject to repayment or forfeiture pursuant to the
Company’s policy on recoupment or recovery of incentive compensation, as in effect from time to time, and all laws and listing
standards related to the recoupment or recovery of incentive compensation, all to the extent determined by the Company in its discretion
to be applicable to Participant. This Section 14 shall not be the Company’s exclusive remedy with respect to such matters.

 

15.         Miscellaneous.
This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, and all of which, taken together,
shall constitute one and the same instrument. This Agreement was negotiated by the parties hereto, each of which had the opportunity
to engage legal counsel, and any rule of construction or interpretation otherwise requiring this Agreement to be construed or interpreted
against any party shall not apply to any construction or interpretation hereof. This Agreement supersedes all prior agreements,
whether written or oral, between the parties with respect to its subject matter and, together with the Plan, constitutes a complete
and exclusive statement of the terms of the agreement between the parties with respect to its subject matter. This Agreement shall
be binding upon, and shall be enforceable by and inure solely to the benefit of, the parties hereto and their respective permitted
successors and assigns.

 

IN WITNESS WHEREOF,
the Company and Participant have executed this Agreement as of the date first written above.

 

	 	HURCO COMPANIES, INC.
	 	 
	 	By:	 
	 	 	Name: 
	 	 	Title: 
	 	 	 
	 	 	Participant

 

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