Document:

Exhibit 10.22

 Exhibit 10.22 
 FORM OF OPTION AWARD AGREEMENT 
 FOR NON-EMPLOYEE DIRECTORS 

OPTION AWARD AGREEMENT UNDER THE XPO LOGISTICS, INC. 2011 OMNIBUS INCENTIVE COMPENSATION PLAN, dated as of [•], between XPO
Logistics, Inc., a Delaware corporation (the “Company”), and [•]. 
 This Option Award Agreement (this
“Award Agreement”) sets forth the terms and conditions of an award of options to purchase 8,000 shares (this “Award”) of the Company’s common stock, $0.001 par value per share (each, a
“Share”), that are being granted to you on the date hereof (such date, the “Grant Date”), at an exercise price of $[•] per Share (the “Exercise Price”), that are subject to the terms and
conditions specified herein (each such option to purchase one Share, an “Option”), and that are granted to you under the XPO Logistics, Inc. 2011 Omnibus Incentive Compensation Plan (the “Plan”). The Options are not
intended to qualify as “incentive stock options” (within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended). 
 THIS AWARD IS SUBJECT TO ALL TERMS AND CONDITIONS OF THE PLAN AND THIS AWARD AGREEMENT, INCLUDING THE DISPUTE RESOLUTION PROVISIONS SET FORTH IN SECTION 10 OF THIS AWARD AGREEMENT. BY SIGNING YOUR NAME
BELOW, YOU SHALL HAVE CONFIRMED YOUR ACCEPTANCE OF THE TERMS AND CONDITIONS OF THIS AWARD AGREEMENT. 
 SECTION 1. The
Plan. This Award is made pursuant to the Plan, all the terms of which are hereby incorporated in this Award Agreement. In the event of any conflict between the terms of the Plan and the terms of this Award Agreement, the terms of the Plan shall
govern. 
 SECTION 2. Definitions. Capitalized terms used in this Award Agreement that are not defined in this Award
Agreement have the meanings as used or defined in the Plan. As used in this Award Agreement, the following terms have the meanings set forth below: 
 “Business Day” means a day that is not a Saturday, a Sunday or a day on which banking institutions are legally permitted to be closed in the City of New York. 

“Vesting Date” means September 2, 2012. 
 SECTION 3. Vesting and Exercise. (a) Vesting. On the Vesting Date, your rights with respect to all the Options subject to this Award Agreement shall become vested and such Options shall
become exercisable, provided that you must be a member of the Board of Directors of the Company (the “Board”) on the Vesting Date, except as otherwise determined by the Committee in its sole discretion. 

 (b) Exercise of Options. Options, to the extent that they are vested, may be
exercised, in whole or in part (but for the purchase of whole Shares only), by delivery to the Company of (i) written or electronic notice, complying with the applicable procedures established by the Committee or the Company, stating the number
of Options that are thereby exercised, and (ii) full payment, in accordance with Section 6(b) of the Plan, of the aggregate Exercise Price for Shares with respect to which the Options are thereby exercised. The notice shall be signed by
you or any other person then entitled to exercise the Options. Upon exercise and full payment of the Exercise Price for Shares with respect to which the Options are thereby exercised, the Company shall issue to you or your legal representative (as
evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company, the delivery of share certificates or as otherwise determined by the Company) one Share for each Option you have exercised.
Notwithstanding the foregoing, to the extent that they are vested, you will also be permitted to exercise Options through a “cashless exercise” by having the Company withhold from the number of Shares you would be entitled to receive upon
exercise of the Options a number of Shares having a Fair Market Value (determined as of the date of exercise) equal to the aggregate Exercise Price with respect to the Options being exercised, in which case, the Company shall issue to you or your
legal representative (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company, the delivery of share certificates or as otherwise determined by the Company) a number of Shares net of
such aggregate Exercise Price. 
 (c) Change of Control. In the event of a Change of Control, all outstanding Options
shall accelerate vesting and become exercisable as of immediately prior to such Change of Control. 
 SECTION 4. Forfeiture
of Options. (a) Unless the Committee determines otherwise, if the Vesting Date with respect to the Options has not occurred prior to the date on which you cease to be a member of the Board for any reason, your rights with respect to such
Options shall immediately terminate and you shall be entitled to no further payments or benefits with respect thereto. 
 (b)
Notwithstanding the foregoing, unless the Committee determines otherwise, vested and unexercised Options shall automatically expire on the first anniversary of the date on which you cease to be a member of the Board for any reason, but in no event
later than the tenth anniversary of the Grant Date. 
 (c) Notwithstanding any provision of this Award Agreement to the
contrary, all Options shall automatically expire on the tenth anniversary of the Grant Date. 
 SECTION 5. No Rights as a
Stockholder. You shall not have any rights or privileges of a stockholder with respect to the Options subject to this Award Agreement unless and until certificates representing Shares are actually issued and delivered to you or your legal
representative upon exercise of vested Options. 

  
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 SECTION 6. Non-Transferability of Options. Unless otherwise provided by the Committee
in its discretion, Options may not be sold, assigned, alienated, transferred, pledged, attached or otherwise encumbered except as provided in Section 9(a) of the Plan. Any purported sale, assignment, alienation, transfer, pledge, attachment or other
encumbrance of an Option in violation of the provisions of this Section 6 and Section 9(a) of the Plan shall be void. 

SECTION 7. (a) Consents. Your rights in respect of the Options are conditioned on the receipt to the full satisfaction of the
Committee of any required consents that the Committee may determine to be necessary or advisable (including your consenting to the Company’s supplying to any third-party recordkeeper of the Plan such personal information as the Committee deems
advisable to administer the Plan). 
 (b) Legends. The Company may affix to certificates for Shares issued pursuant to
this Award Agreement any legend that the Committee determines to be necessary or advisable (including to reflect any restrictions to which you may be subject under any applicable securities laws). The Company may advise the transfer agent to place a
stop order against any legended Shares. 
 SECTION 8. Successors and Assigns of the Company. The terms and conditions of
this Award Agreement shall be binding upon and shall inure to the benefit of the Company and its successors and assigns. 

SECTION 9. Committee Discretion. The Committee shall have full and plenary discretion with respect to any actions to be taken or
determinations to be made in connection with this Award Agreement, and its determinations shall be final, binding and conclusive. 
 SECTION 10. Dispute Resolution. (a) Jurisdiction and Venue. You and the Company irrevocably submit to the exclusive jurisdiction of (i) the United States District Court for the
Southern District of New York and (ii) the courts of the State of New York for the purposes of any suit, action or other proceeding arising out of this Award Agreement or the Plan. You and the Company agree to commence any such action, suit or
proceeding either in the United States District Court for the Southern District of New York or, if such suit, action or other proceeding may not be brought in such court for jurisdictional reasons, in the courts of the State of New York. You and the
Company further agree that service of any process, summons, notice or document by U.S. registered mail to the other party’s address set forth below shall be effective service of process for any action, suit or proceeding in New York with
respect to any matters to which you have submitted to jurisdiction in this Section 10(a). You and the Company irrevocably and unconditionally waive any objection to the laying of venue of any action, suit or proceeding arising out of this Award
Agreement or the Plan in (A) the United States District Court for the Southern District of New York or (B) the courts of the State of New York, and hereby and thereby further irrevocably and unconditionally waive and agree not to plead or
claim in any such court that any such action, suit or proceeding brought in any such court has been brought in an inconvenient forum. 

  
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 (b) Waiver of Jury Trial. You and the Company hereby waive, to the fullest extent
permitted by applicable law, any right either of you may have to a trial by jury in respect to any litigation directly or indirectly arising out of, under or in connection with this Award Agreement or the Plan. 

(c) Confidentiality. You hereby agree to keep confidential the existence of, and any information concerning, a dispute described
in this Section 10, except that you may disclose information concerning such dispute to the court that is considering such dispute or to your legal counsel (provided that such counsel agrees not to disclose any such information other than as
necessary to the prosecution or defense of the dispute). 
 SECTION 11. Notice. All notices, requests, demands and other
communications required or permitted to be given under the terms of this Award Agreement shall be in writing and shall be deemed to have been duly given when delivered by hand or overnight courier or three Business Days after they have been mailed
by U.S. certified or registered mail, return receipt requested, postage prepaid, addressed to the other party as set forth below: 
  

			
	 If to the Company:
	  	 XPO Logistics, Inc.
 429
Post Road
 Buchanan, MI 49107

Attention: Chief Executive Officer

		
	 with copies to:
	  	 Cravath, Swaine & Moore LLP
 825 Eighth Avenue
 New York, NY 10019
 Attention: Jennifer S. Conway, Esq.
 Facsimile: (212) 474-3700

		
	 If to you:
	  	To your address as most recently supplied to the Company and set forth in the Company’s records

 The parties may change the address to which notices under this Award Agreement shall be sent by providing written notice
to the other in the manner specified above. 
 SECTION 12. Governing Law. This Award Agreement shall be deemed to be made
in the State of Delaware, and the validity, construction and effect of this Award Agreement in all respects shall be determined in accordance with the laws of the State of Delaware, without giving effect to the conflict of law principles thereof.

 SECTION 13. Headings and Construction. Headings are given to the Sections and subsections of this Award Agreement
solely as a convenience to facilitate reference. Such headings shall not be deemed in any way material or relevant to the construction or interpretation of this Award Agreement or any provision thereof. Whenever the words “include”,
“includes” or “including” are used in this Award Agreement, they shall be deemed to be followed by the words “but not limited to”. The term “or” is not exclusive. 

  
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 SECTION 14. Amendment of this Award Agreement. The Committee may waive any conditions
or rights under, amend any terms of, or alter, suspend, discontinue, cancel or terminate this Award Agreement prospectively or retroactively; provided, however, that any such waiver, amendment, alteration, suspension, discontinuance,
cancelation or termination that would materially and adversely impair your rights under this Award Agreement shall not to that extent be effective without your consent (it being understood, notwithstanding the foregoing proviso, that this Award
Agreement and the Options shall be subject to the provisions of Section 7(c) of the Plan). 
 SECTION 15.
Counterparts. This Award Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. You and the Company hereby acknowledge and agree
that signatures delivered by facsimile or electronic means (including by “pdf”) shall be deemed effective for all purposes. 

  
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 IN WITNESS WHEREOF, the parties have duly executed this Award Agreement as of the date first
written above. 
  

					
	XPO LOGISTICS, INC.,
		
	         by

 
	 	 
		 	Name:	 	Bradley S. Jacobs
		 	Title:	 	Chairman and Chief Executive Officer

  

			
	[DIRECTOR],
	
	 

  
 C-6Exhibit 10.23

 Exhibit 10.23 
 JULY 2011 FORM OF OPTION AWARD AGREEMENT 
 (2001 STOCK OPTION PLAN) 

Express-1 Expedited Solutions, Inc. 
 3399 South Lakeshore Drive, Suite 225 
 Saint Joseph, Michigan 49085

 [DATE] 
 [NAME] 

[ADDRESS] 
 Re: Grant of Stock Option under the
2001 Stock Option Plan 
 Dear Mr. [—], 

As you know, Jacobs Private Equity LLC, a Delaware limited liability company (the “Investor Representative”), certain
other investors (such investors, together with the Investor Representative, the “Investors”), and Express-1 Expedited Solutions, Inc. (the “Company”), have entered into an investment agreement, dated June 13,
2011, as amended, modified or supplemented from time to time (the “Investment Agreement”), that will, subject to the satisfaction of the terms and conditions of the Investment Agreement, result in the Investors making an investment
in the Company as contemplated by the Investment Agreement (the “Investment”). In connection with the Investment, the Company and you have agreed to amend your employment agreement with
[—], dated [—] (the “Employment Agreement”), which amendment contemplates, among other things, the grant of certain options to
purchase shares of the Company’s common stock, $0.01 par value per share (the “Stock”). Accordingly, the Board of Directors of the Company is pleased to award you an option (the “Option”) pursuant to the
provisions of the Company’s 2001 Stock Option Plan (the “Plan”). The Option was approved and granted on the date of this letter as set forth above (the “Grant Date”); provided, however, that the
Option shall be forfeited and you shall have no further rights with respect thereto if the Investment Agreement is terminated prior to the closing of the Investment (the “Closing”). This letter will describe the Option granted to
you. Attached to this letter is a copy of the Plan. The terms of the Plan also set forth provisions governing the Option granted to you. Therefore, in addition to reading this letter, you should also read the Plan. Your signature on this letter is
an acknowledgment to us that you have read and understand the Plan and that you agree to abide by its terms. All terms not defined in this letter shall have the same meaning set forth in the Plan. To the extent the terms in this letter differ from
the terms of the Plan or any other agreement between you and us, the terms in this letter shall govern. 
 1. Type of
Option. You are granted a nonqualified stock option. 
 2. Rights and Privileges. Subject to the conditions
hereinafter set forth, we grant you the right to purchase [—] shares of Stock at an exercise price of $ [—] per share (the “Exercise
Price”), the closing market price of a share of Stock on the Grant Date. 

 3. Vesting Schedule. The Option vests, subject to your continued employment with us
or any of our Subsidiaries, in three equal installments on each first three anniversaries of the date of the Closing. Any portion of the Option that has vested may be exercised, from time to time, until this Option terminates pursuant to
Section 5 of this letter. Notwithstanding any provision of this letter or any other agreement between you and us, the Option shall automatically terminate on the tenth anniversary of the Grant Date. 

4. Method of Exercise. The Option shall be exercised by written notice to the Company, complying with the applicable procedures
established by the Committee or the Company. The notice shall set forth the shares of Stock to be acquired and shall contain full payment, in accordance with Section 6.6 of the Plan, of the aggregate Exercise Price for the shares of Stock to be
acquired. 
 5. Termination of Option. To the extent not exercised, and notwithstanding any other provision in this
letter, unless the Committee determines otherwise, all vested Options shall automatically terminate upon the first to occur of the following events: 
 (a) termination of your employment for Cause (as such term is defined in the Employment Agreement); or 
 (b) the expiration of three (3) months following the date of termination of your employment with the Company and its Subsidiaries for any reason other than Cause; or 

(c) breach of any restrictive covenant (which, for the avoidance of doubt, includes any non-compete, non-solicit,
non-disparagement or confidentiality provision) to which you are subject; or 
 (d) your engaging in fraud or
willful misconduct that contributes materially to any financial restatement or material loss to the Company or any of its Subsidiaries. 
 Notwithstanding Section 6(f) of the Employment Agreement or any other agreement between you and the Company or any of its Subsidiaries, any part of an Option that has not vested as of the date of
termination for any reason shall be voided and therefore unexercisable as of said date of termination. For purposes of this Section 5, “termination of employment” shall include the termination of an employee’s employment with the
Company and its Subsidiaries, the termination of a director’s service on the Company’s Board of Directors, and the termination of services being provided to the Company or its Subsidiaries by a consultant, as applicable. 

6. Binding Effect. The rights and obligations described in this letter shall inure to the benefit of and be binding upon both of
us, and our respective heirs, personal representatives, successors and assigns. 
 7. Change of Control. 

  
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 (a) Notwithstanding any provision in the Plan or your Employment Agreement
to the contrary, upon the occurrence of a Change of Control (as defined in your Employment Agreement, if applicable), unless provision is made in connection with the Change of Control for (i) assumption of any outstanding portion of the Option
granted pursuant to this letter or (ii) substitution for such Option of new awards covering stock of a successor corporation or its “parent corporation” (as defined in Section 424(e) of the Code) or “subsidiary
corporation” (as defined in Section 424(f) of the Code), with appropriate adjustments as to the number and kinds of shares and the exercise prices, such Option shall automatically vest and be deemed exercisable as of immediately prior to
such Change of Control. For the avoidance of doubt, notwithstanding any provision in the Plan or your Employment Agreement to the contrary, none of the Investment, the Closing or any of the transactions contemplated by the Investment Agreement shall
constitute a Change of Control or otherwise accelerate the vesting of any portion of the Option. 
 (b)
Notwithstanding any provision in the Plan or your Employment Agreement to the contrary, upon the occurrence of a Change of Control (as defined in your Employment Agreement, if applicable), the Committee, is hereby authorized, if deemed appropriate
or desirable by the Committee, in its sole and plenary discretion, to make adjustments in the terms and conditions of, and the criteria included in, the Options, (i) by providing for a cash payment to you in consideration for the cancelation of
such Option in an amount equal to the excess, if any, of the Fair Market Value (as of a date specified by the Committee) of a share of Stock subject to such Option over the aggregate exercise price of such Option and (ii) by canceling and
terminating any Option having a per share exercise price equal to, or in excess of, the Fair Market Value of a share of Stock subject to such Option without any payment or consideration therefor. 

8. Tax Withholding. The issuance of shares of Stock upon exercise and full payment of the Exercise Price for the shares of
Stock to be acquired is conditioned on satisfaction of any applicable withholding taxes in accordance with Article 10 of the Plan. You may satisfy, in whole in part, any withholding tax liability that may arise in connection with the exercise of the
Option by having us withhold from the shares of Stock you would be entitled to receive upon exercise of the Option a number of shares of Stock having a Fair Market Value equal to such withholding tax liability. 

  
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 EXCEPT AS SPECIFICALLY STATED IN THIS LETTER, THIS LETTER AMENDS AND RESTATES ANY LETTER OR OTHER AGREEMENT
OR DOCUMENT PREVIOUSLY ISSUED TO YOU BY EXPRESS-1 EXPEDITED SOLUTIONS, INC. WITH RESPECT TO THE STOCK OPTION GRANT DESCRIBED HEREIN, AND, AS SUCH, THIS LETTER, TOGETHER WITH THE ATTACHED PLAN, EMBODY THE ENTIRE AGREEMENT AND UNDERSTANDING OF THE
PARTIES WITH RESPECT TO THIS GRANT, AND SUPERSEDE ALL OTHER PRIOR COMMITMENTS, ARRANGEMENTS, OR UNDERSTANDINGS, BOTH ORAL AND WRITTEN, BETWEEN THE PARTIES WITH RESPECT THERETO. 

 

					
	    Very truly yours,
	
	EXPRESS-1 EXPEDITED SOLUTIONS, INC.,
		
	         by

 
	 	 
		 	Name:	 	
		 	Title:	 	

  

			
	AGREED AND ACCEPTED
		
	 	 	  
		 	[NAME]

  
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