Document:

exv10w9

Exhibit 10.9

FORM OF EMPLOYEE RESTRICTED STOCK GRANT

Regular Grants under 2007 Plan

DATE OF GRANT

EMPLOYEE NAME

EMPLOYEE ADDRESS

Dear EMPLOYEE NAME:

	 	 	     This letter sets forth the terms and conditions of the shares of restricted stock
granted to you by Chindex International, Inc. (the “Company”) on DATE OF GRANT in
accordance with the provisions of its 2007 Stock Incentive Plan (the “Plan”). You have been
granted NUMBER shares (the “Restricted Shares”) of the Company’s Common Stock
(“Common Stock”). Your Restricted Shares are subject to the terms and conditions set forth
in the Plan, any rules and regulations adopted by the Committee (as defined in the Plan),
and this letter. Any terms used in this letter and not defined have the meanings set forth
in the Plan.
	 
	1.	 	Vesting of Restricted Shares

	 	(a)	 	Unless they vest on an earlier date as provided in paragraph 4 below, your
Restricted Shares will vest in installments as follows, provided that you are an
employee of the Company or its Subsidiaries or its Affiliates (as defined below) or a
director of the Company on each such date:

	 	 	 	 	 
	 	 	 	 	Percentage of Restricted
	Vesting Date	 	Shares Vested

	 	 	 	In the event the percentage of shares vested in the above table includes a
fractional share, the number of shares vested will be rounded down to the nearest
whole number.
	 
	 	 	 	For purposes of this letter, (1) “Subsidiary” means a corporation, partnership,
joint venture, or other entity in which the Company owns, directly or indirectly,
50% or more of the ownership interests, and (2) “Affiliate” means a corporation,
partnership, joint venture, or other entity in which the Company owns, directly or
indirectly, 25% or more of the ownership interests.

 

 

	 	(b)	 	You do not need to pay any purchase price to receive the Restricted Shares
granted to you by this letter. However, you must satisfy the tax withholding
obligations as provided in paragraph 6.

	2.	 	Restrictions on the Restricted Shares
	 
	 	 	     Until your Restricted Shares have vested, you may not sell, transfer, assign or pledge
them. Stock certificates representing your Restricted Shares will be registered in your
name (or you will be recorded as the owner of the shares on the Company’s books) as of the
date of this letter, but such certificates will be held by the Company on your behalf until
such shares vest. When all or a portion of your Restricted Shares vest, a certificate
representing such shares (minus any shares retained to satisfy tax withholding obligations,
as described in paragraph 6) will be delivered to you (or you will be duly recorded as the
owner of the shares on the Company’s books) as soon as practicable. To the extent your
Restricted Shares have vested, they shall be fully transferable (subject to applicable
securities law requirements) and not subject to forfeiture upon termination of employment or
otherwise.
	 
	 	 	     Except in circumstances where a different treatment is provided in paragraph 4, in the
event of your termination of employment with the Company and its Subsidiaries and Affiliates
(whether by you or by your employer) all of your Restricted Shares that have not previously
vested will be forfeited and automatically transferred to and reacquired by the Company at
no cost to the Company. A transfer of employment that results in your being employed by the
Company or a Subsidiary or Affiliate does not constitute a termination of your employment
for purposes of this grant letter.
	 
	3.	 	Voting and Dividends
	 
	 	 	     You have the right to vote your Restricted Shares. From the date of this letter, you
will receive, with respect to your Restricted Shares, payments equal to the amount of
dividends paid on Common Stock. Dividends paid in cash will be paid directly to you at the
same time dividends are paid with respect to all other shares of Common Stock, but in no
event later than the March 15 of the calendar year after the calendar year in which the
record date for such dividend occurs. If any dividend is declared and paid by the Company
in a form other than cash, such non-cash dividend shall be subject to the same vesting
schedule, forfeiture terms, and other restrictions as are applicable to the Restricted
Shares with respect to which the dividends were paid.
	 
	4.	 	Acceleration of Vesting
	 
	 	 	Notwithstanding the provisions of paragraphs 1 and 2, your unvested Restricted Shares will
immediately vest upon the following events:

	 	(a)	 	Death or Disability. If your employment terminates by reason of death or
Disability, all of your unvested Restricted Shares will immediately vest. For this
purpose, “Disability” means that by reason of any medically determinable physical
or mental impairment that can be expected to result in death or can be

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	 	 	 	expected to last for a continuous period of not less than 12 months, you have been receiving
income replacement benefits for a period of not less than three months under an
accident and health plan covering employees of the Company or Subsidiary or
Affiliate that employs you.
	 
	 	 	 	In the event of your death, the certificates for your Restricted Shares will be
delivered to (or the shares will be recorded as owned by) the executor or
administrator of your estate.
	 
	 	(b)	 	Certain Transactions. If the Subsidiary, Affiliate or division in which you
are employed at the time of such sale is sold to a person or entity that, following
such sale, is not an Affiliate, or if the Company’s ownership of the Subsidiary or
Affiliate in which you are employed drops to less than 25% of the ownership interests,
all of your unvested Restricted Shares will immediately vest.
	 
	 	(c)	 	Change of Control. Upon the occurrence of a Change of Control (as defined in
the Plan), if you are an employee or director of the Company or its Subsidiaries or
Affiliates at such time, all of your unvested Restricted Shares will immediately vest.

	 	 	Committee Determinations. The Committee shall have absolute discretion to determine the
date and circumstances of termination of your employment or of the occurrence of any event
described in this paragraph 4, and its determination shall be final, conclusive and binding
upon you.
	 
	5.	 	Section 83(b) Tax Election
	 
	 	 	     If you are subject to income taxation in the United States, as a general matter, unless
you file an election under Section 83(b) of the Internal Revenue Code, you will recognize
ordinary compensation income on the date your Restricted Shares are no longer subject to a
substantial risk of forfeiture (which is generally the date such shares vest) in an amount
equal to the fair market value of the Restricted Shares on that date. You may, however,
elect to recognize income with respect to some or all of your Restricted Shares as of the
date of grant of such Restricted Shares in an amount equal to the fair market value of the
Restricted Shares on that date (without any discount for the transfer and forfeiture
restrictions on the Restricted Shares). In order to make this election, you must file an
election under Section 83(b) of the Code with the Internal Revenue Service no later than 30
days after the date of grant of your Restricted Shares. Further information about Section
83(b) and a copy of the election form can be obtained from the Company’s Secretary.
	 
	 	 	     If you make a Section 83(b) election and subsequently forfeit some or all of the
Restricted Shares that were subject to the election, you will not be able to claim a
deduction or capital loss with respect to the forfeited shares.
	 
	 	 	     Cash dividends paid on your Restricted Shares (prior to vesting) will be taxable as
ordinary compensation income when received (or as dividend income if you made a

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	 	 	Section 83(b) election). Non-cash dividends on your Restricted Shares generally will be taxable as
ordinary compensation income at the same time as the Restricted Shares to which such
dividends relate (or when received, if you made a Section 83(b) election with respect to
such dividends).
	 
	 	 	     You should consult with your tax advisor regarding the tax consequences of Restricted
Shares and the advantages and disadvantages of making an election under Section 83(b).
	 
	6.	 	Tax Withholding
	 
	 	 	     If you make a Section 83(b) election, you must make a cash payment to the Company in
the amount of your tax withholding obligation with respect to your Restricted Shares at the
time (or promptly after) you file the Section 83(b) election. If you fail to satisfy your
withholding obligation in a time and manner satisfactory to the Company, the Company or a
Subsidiary or Affiliate shall have the right to withhold the required amount from your
salary or other amounts payable to you.
	 
	 	 	     If you have not made a Section 83(b) election, the Company will retain Common Stock
having a value equal to the amount of your withholding obligation from the shares otherwise
deliverable to you upon the vesting of your Restricted Shares.
	 
	 	 	     The amount of withholding tax retained by the Company or paid by you to the Company
will be paid to the appropriate tax authorities in satisfaction of the withholding
obligations under the tax laws. The total amount of income you recognize with respect to
your Restricted Shares will be reported to the tax authorities in the year in which you
recognize income with respect to such shares. Whether you owe additional tax will depend on
your overall taxable income for the applicable year and the total tax remitted for that year
through withholding or by estimated payments.
	 
	7.	 	Administration of the Plan
	 
	 	 	     The Plan is administered by the Committee. The Committee has authority to interpret
the Plan, to adopt rules for administering the Plan, to decide all questions of fact arising
under the Plan, and generally to make all other determinations necessary or advisable for
administration of the Plan. All decisions and acts of the Committee are final and binding
on all affected Plan participants.
	 
	8.	 	Amendment and Adjustments to your Restricted Share Award
	 
	 	 	     The Plan authorizes the Board or the Committee to make amendments and adjustments to
outstanding awards, including the Restricted Shares granted by this letter, in specified
circumstances. Details are provided in the Plan.

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	9.	 	Effect on Other Benefits
	 
	 	 	     Income recognized by you as a result of the grant or vesting of Restricted Shares or
the receipt of dividends on your Restricted Shares will not be included in the formula for
calculating benefits under any other benefit plan of the Company.
	 
	10.	 	Regulatory Compliance
	 
	 	 	     Under the Plan, the Company is not required to deliver Restricted Shares or Common
Stock if such delivery would violate any applicable law or regulation. If required by any
securities law or regulation, the Company may impose restrictions on your ability to
transfer shares received under the Plan.
	 
	11.	 	Data Privacy
	 
	 	 	     By accepting this award you expressly consent to the collection, use and transfer, in
electronic or other form, of your personal data by and among the Company, its Subsidiaries
and Affiliates, and any broker or third party assisting the Company in administering the
Plan or providing recordkeeping services for the Plan, for the purpose of implementing,
administering and managing your participation in the Plan. By accepting this award you
waive any data privacy rights you may have with respect to such information. You may revoke
the consent and waiver described in this paragraph by written notice to the Company’s
Secretary; however any such revocation may adversely affect your ability to participate in
the Plan.
	 
	12.	 	Consent to Jurisdiction
	 
	 	 	     Your Restricted Shares and the Plan are governed by the laws of the State of Delaware
without regard to any conflict of law rules. Any dispute arising out of this award or the
Plan may be resolved only in a state or federal court located within New York County, New
York State, U.S.A. This award is granted on the condition that you accept such venue and
submit to the personal jurisdiction of any such court.

* * * * *

	 	 	     If you have any questions regarding your Restricted Shares or would like to obtain
additional information about the Plan or its administration, please contact the Company’s
Secretary, Chindex International, Inc., 4340 East West Highway, Bethesda, Maryland 20814
(telephone (301) 215-7777). This letter contains the formal terms and conditions of your
award and accordingly should be retained in your files for future reference.

	 	 	 	 	 
	 	Very truly yours,
	 	 
	 	
Lawrence Pemble

Chief Financial Officer	 

5exv10w10

Exhibit 10.10

FORM OF EXECUTIVE STOCK OPTION GRANT LETTER

[under 2007 Plan]

DATE OF GRANT

NAME AND ADDRESS OF EMPLOYEE

Dear EMPLOYEE NAME:

     This letter sets forth the terms and conditions of the stock option granted to you by Chindex
International, Inc. (the “Company”) on DATE OF GRANT, in accordance with the provisions of
its 2007 Stock Incentive Plan (the “Plan”). You have been granted an option (the “Option”) to
purchase NUMBER shares of the Company’s Common Stock (“Common Stock”). The Option is
not intended to be an incentive stock option within the meaning of Section 422 of the Internal
Revenue Code of 1986, as amended (the “Code”).

     The Option is subject to the terms and conditions set forth in the Plan, any rules and
regulations adopted by the Committee (as defined in the Plan), and this letter. Any terms used in
this letter and not defined have the meanings set forth in the Plan.

1. Option Exercise Price

     The price at which you may purchase the shares of Common Stock covered by the Option (the
“exercise price”) is $PRICE per share which is the closing price of the Common Stock on the
NASDAQ Global Market on the date of grant of your Option.

2. Term of Option

     Your Option expires in all events on DATE. However, your Option may terminate prior
to such expiration date as provided in Sections 6 and 7 of this letter upon the occurrence of one
of the events described in those Sections. Regardless of the provisions of Sections 6 and 7, in no
event can your Option be exercised after the expiration date set forth in this Section 2.

3. Exercisability of Option

     (a) Unless it becomes exercisable on an earlier date as provided in Sections 6 and 7 below,
your Option will become exercisable in installments as follows, provided that you are an employee
of the Company or one of its Subsidiaries or Affiliates (as defined below) on each such date:

 

 

	 	 	 

	Vesting Date

	 	Cumulative Percentage of Shares as to Which Option is
Exercisable

For purposes of this letter, (1) “Subsidiary” means a corporation, partnership, joint venture, or
other entity in which the Company owns, directly or indirectly, 50% or more of the ownership
interests, and (2) “Affiliate” means a corporation, partnership, joint venture, or other entity in
which the Company owns, directly or indirectly, 25% or more of the ownership interests.

     (b) To the extent your Option has become exercisable, you may exercise the Option in whole or
in part at any time on or before the date the Option expires or terminates. You may only exercise
your Option with respect to a whole number of shares.

4. Exercise of Option

     You may exercise your Option by giving written notice to the Company of the number of shares
of Common Stock you desire to purchase and paying the exercise price for such shares. The notice
must be in the form provided by the Company from time to time (the “Option Exercise Form”), which
may be obtained from the Company’s Secretary. The notice must be hand delivered or mailed to the
Company at the address of its principal executive offices, Attention: Secretary, or may be provided
electronically to the extent and in the manner provided under procedures adopted by the Company.
Payment of the option price may be made in any manner provided in Section 5. The cash, Common
Stock or documentation described in the applicable provision of Section 5 must accompany the Option
Exercise Form. Your Option will be deemed exercised on the date the Option Exercise Form (and
payment of the exercise price) is hand delivered, received by electronic transmission (if
permitted) or, if mailed, postmarked.

5. Satisfaction of Option Price

     (a) Payment of Cash. Your Option may be exercised by payment of the option price in cash
(including check, bank draft, money order, or wire transfer to the order of the Company).

     (b) Payment of Common Stock. You may satisfy the option price by tendering shares of Common
Stock that you own. For this purpose, the shares of Common Stock so tendered shall be valued at
the closing sales price of the Common Stock on the Nasdaq Global Market (or such other exchange or
market determined by the Committee to be the primary market for the Common Stock) for the day
before the date of exercise or, if no such sale of Common Stock occurs on such date, the closing
sales price on the nearest trading date before such date. The certificate(s) evidencing shares
tendered in payment of the option price must be duly endorsed or accompanied by appropriate stock
powers. Only stock certificates issued solely in your name may be tendered to exercise your
Option. Fractional shares may not be tendered; any portion of the option exercise price that is in
excess of the aggregate value (as determined under this Section 5(b)) of the number of whole shares
tendered must be paid in cash. If a certificate tendered in exercise of the Option evidences more
shares than are needed to pay the

2

 

exercise price, an appropriate replacement certificate will be issued to you for the number of
excess shares.

     (c) Broker-Assisted Cashless Exercise. You may satisfy the option exercise price by
delivering to the Company a copy of irrevocable instructions to a broker acceptable to the Company
to sell shares of Common Stock (or a sufficient portion of such shares) acquired upon exercise of
the Option and remit to the Company a sufficient portion of the sale proceeds to pay the total
exercise price and withholding tax obligation resulting from such exercise. The broker must agree
to deposit the entire sale proceeds into a Company-owned account pending delivery to the Company of
the exercise price and tax withholding amount. Shares issued under this method of exercise will be
issued to the designated brokerage firm for your account. The ability to use this method of
exercise is subject to the Company’s approval of the broker and of the specific mechanics of
exercise.

     (d) Net Share Exercise. You may satisfy the option exercise price by delivering to the
Company an Option Exercise Form that directs the Company to withhold a sufficient number of the
shares acquired upon exercise to satisfy the aggregate option price and tax withholding obligation
with respect to the shares as to which the Option is being exercised. For purposes of this
provision, the shares of Common Stock applied to satisfy the option price and withholding
obligation shall be valued in the same manner as provided under Section 5(b).

6. Termination of Employment

     (a) General. The following special rules apply to your Option in the event of your death,
disability, retirement, or other termination of your employment with the Company and its
Subsidiaries and Affiliates (whether by you or by your employer). A transfer of employment that
results in your being employed by the Company or a Subsidiary or Affiliate does not constitute a
termination of your employment for purposes of this grant letter.

     (i) Termination of Employment for Cause. If the Company or a Subsidiary or Affiliate
terminates your employment for Cause, your Option will terminate on the date of such
termination of employment. For this purpose, “Cause” means (A) your willful failure to
perform the duties of your employment, (B) your intentional engagement in dishonest conduct
in connection with the performance of services, or (C) your conviction of a felony.

     (ii) Voluntary Termination of Employment. If you voluntarily terminate your employment
with the Company or a Subsidiary or Affiliate other than upon Retirement (as defined below),
your Option will terminate 90 days after such termination of employment. Following the
termination of your employment, no additional portions of your Option will become
exercisable, and your Option will be exercisable only with respect to the number of shares
which you were entitled to purchase on the date of the termination of your employment.

     (iii) Termination Without Cause. If the Company or a Subsidiary or Affiliate
terminates your employment without Cause (other than as a result of or in connection with an
event described in paragraph (v) or (vi)), your Option will terminate

3

 

six months after such termination of employment. Following the termination of your
employment, no additional portions of your Option will become exercisable, and your Option
will be exercisable only with respect to the number of shares which you were entitled to
purchase on the date of the termination of your employment.

     (iv) Retirement. Upon your Retirement from the Company, your Option will become
immediately exercisable in full. If you do not serve as a director of the Company, you may
exercise your Option for a period of two years following your Retirement, but not beyond the
term of the Option. If you continue to serve as a director of the Company following your
Retirement, your Option will terminate two years after the termination of your service as a
director, but not beyond the term of the Option. For purposes of this provision,
“Retirement” means termination of your employment with the Company and its Subsidiaries and
Affiliates after you have attained age 60 and ten years of continuous employment with the
Company and/or its Subsidiaries and Affiliates.

     (v) Death or Disability. If your employment terminates by reason of death or
Disability, your Option will become fully exercisable upon such termination of employment
and will terminate two years following such termination of employment. For purposes of this
provision, “Disability” means that by reason of any medically determinable physical or
mental impairment that can be expected to last for a continuous period of not less than 12
months, you have been receiving income replacement benefits for a period of not less than
three months under an accident and health plan covering employees of the Company or
Subsidiary or Affiliate that employs you.

     (vi) Certain Transactions. If the Subsidiary, Affiliate, or division in which you are
employed at the time of such sale is sold to a person or entity that, following such sale,
is not an Affiliate, or if the Company’s ownership of the Subsidiary or Affiliate in which
you are employed drops to less than 25% of the ownership interests, your Option will
immediately become exercisable in full. Your Option will terminate six months after such
event.

     (v) Acceleration and Adjustments of Exercise Period. The Committee may, in its
discretion, exercised before or after your termination of employment, declare all or any
portion of your Option immediately exercisable and/or permit all or any part of your Option
to remain exercisable for such period designated by it after the time when the Option would
have otherwise terminated as provided in the applicable portion of this Section 6(a), but
not beyond the expiration date of your Option as set forth in Section 2 above.

     (b) Committee Determinations. The Committee shall have absolute discretion to determine the
date and circumstances of termination of your employment or of the occurrence of any event
described in Section 6 or 7, and its determination shall be final, conclusive and binding upon you.

4

 

7. Change of Control

     Notwithstanding the provisions of Section 3, upon the occurrence of a Change of Control, if
you are an employee or a director of the Company or one of its Subsidiaries or Affiliates at such
time, your Option will become immediately exercisable in full. Notwithstanding the provisions of
Section 6(a) (other than paragraph (i) thereof), your Option will terminate no sooner than one year
after any termination of your employment following a Change of Control (or on the expiration date
set forth in Section 2, if sooner).

8. Tax Withholding

     You must make arrangements satisfactory to the Company to satisfy any applicable federal,
state, local or other withholding tax liability. If you exercise your Option by payment of cash or
Common Stock, you may satisfy your withholding obligation either by making a cash payment to the
Company of the required amount or by having the Company retain from the Common Stock otherwise
deliverable to you upon exercise of your Option shares of Common Stock having a value equal to the
minimum amount of any required tax withholding with respect to the exercise. If you exercise your
Option using the broker-assisted cashless option exercise method, the minimum required tax
withholding will be retained by the Company from the proceeds of the sale of your shares. If you
exercise your Option using the net share exercise method, the minimum required tax withholding will
be retained by the Company from the shares acquired upon exercise. If you fail to satisfy your
withholding obligation in a time and manner satisfactory to the Company, the Company or a
Subsidiary or Affiliate shall have the right to withhold the required amount from your salary or
other amounts payable to you.

     Any election to have shares withheld must be made on or before the date you exercise your
Option. A copy of the withholding election form may be obtained from the Company’s Secretary. The
election form does not apply to exercises under the cashless option exercise method or the net
share exercise method. The manner of withholding described in the preceding paragraph is mandatory
if you are using one of these methods of exercise.

     The amount of withholding tax retained by the Company or paid by you to the Company will be
paid to the appropriate tax authorities in satisfaction of the withholding obligations under the
tax laws. The total amount of income you recognize by reason of exercise of the Option will be
reported to the tax authorities in the year in which you recognize income with respect to the
exercise. Whether you owe additional tax will depend on your overall taxable income for the
applicable year and the total tax remitted for that year through withholding or by estimated
payments.

9. Administration of the Plan

     The Plan is administered by the Committee. The Committee has authority to interpret the Plan,
to adopt rules for administering the Plan, to decide all questions of fact arising under the Plan,
and generally to make all other determinations necessary or advisable for administration of the
Plan. All decisions and acts of the Committee are final and binding on all affected Plan
participants.

5

 

10. Non-transferability of Option

     The Option granted to you by this letter may be exercised only by you, and may not be
assigned, pledged, or otherwise transferred by you, with the exception that in the event of your
death the Option may be exercised (at any time prior to its expiration or termination as provided
in Section 2 and 6) by the executor or administrator of your estate or by a person who acquired the
right to exercise your Option by bequest or inheritance or by reason of your death.

11. Amendment and Adjustments to your Option

     The Plan authorizes the Board or the Committee to make amendments and adjustments to
outstanding awards, including the Option granted by this letter, in specified circumstances.
Details are provided in the Plan.

12. Effect on Other Benefits

     Income recognized by you as a result of exercise of the Option will not be included in the
formula for calculating benefits under the Company’s other benefit plans.

13. Regulatory Compliance

     Under the Plan, the Company is not required to deliver Common Stock upon exercise of your
Option if such delivery would violate any applicable law or regulation or stock exchange
requirement. If required by any securities law or regulation, the Company may impose restrictions
on your ability to transfer shares received under the Plan.

14. Data Privacy

     By accepting this Option you expressly consent to the collection, use and transfer, in
electronic or other form, of your personal data by and among the Company, its Subsidiaries and
Affiliates and any broker or third party assisting the Company in administering the Plan or
providing recordkeeping services for the Plan, for the purpose of implementing, administering and
managing your participation in the Plan. By accepting this Option you waive any data privacy
rights you may have with respect to such information. You may revoke the consent and waiver
described in this Section by written notice to the Company’s Secretary; however any such revocation
may adversely affect your ability to participate in the Plan and to exercise any stock options
previously granted to you by the Company.

15. Consent to Jurisdiction

     Your Option and the Plan are governed by the laws of the State of Delaware without regard to
any conflict of law rules. Any dispute arising out of this Option or the Plan may be resolved only
in a state or federal court located within New York County, New York State, U.S.A. This Option is
issued on the condition that you accept such venue and submit to the personal jurisdiction of any
such court.

* * * * *

6

 

     If you have any questions regarding your Option or would like to obtain additional information
about the Plan or its administration, please contact the Company’s Secretary, at the Company’s
principal executive offices.

     This letter contains the formal terms and conditions of your award and accordingly should be
retained in your files for future reference.

	 	 	 	 	 
	 	Very truly yours,	 
	 	
 	 
	 	Lawrence Pemble 	 
	 	Chief Financial Officer 	 
	 

7

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