Document:

Exhibit 10.49

 

LECG CORPORATION

 

2003 STOCK OPTION PLAN

 

RESTRICTED STOCK UNIT AWARD AGREEMENT

 

Unless
otherwise defined herein, the terms defined in the 2003 Stock Option Plan (the “Plan”)
will have the same defined meanings in this Restricted Stock Unit Award
Agreement (the “Award Agreement”).

 

I.              NOTICE OF
RESTRICTED STOCK UNIT GRANT

 

Participant Name:

 

Address:

 

You
have been granted the right to receive an Award of Restricted Stock Units,
subject to the terms and conditions of the Plan and this Award Agreement, as
follows:

 

Grant Number

 

Date
of Grant

 

Vesting
Commencement Date

 

Number of Restricted Stock
Units

 

Vesting
Schedule:

 

Subject to any acceleration provisions
contained in the Plan or set forth below, the Restricted Stock Unit will vest
in accordance with the following schedule:

 

Grant will vest over five years
in equal number of RSU’s per year.

 

In the event Participant ceases to be a Service Provider for any or no
reason before Participant vests in the Restricted Stock Unit, the Restricted
Stock Unit and Participant’s right to acquire any Shares hereunder will
immediately terminate.

 

1

 

II.            AGREEMENT

 

1.             Grant.  The Company hereby grants to
the Participant named in the Notice of Grant attached as Part I of this Award Agreement (the “Participant”) under the Plan an Award of Restricted
Stock Units, subject to all of the terms and conditions in this Award Agreement and the Plan, which is incorporated
herein by reference.  Subject to Section 13(c) of
the Plan, in the event of a conflict between the terms and conditions of the
Plan and the terms and conditions of this Award Agreement, the terms and conditions of the Plan will prevail.

 

2.             Company’s Obligation to Pay.  Each
Restricted Stock Unit represents the right to receive a Share on the date it
vests.  Unless and until the Restricted
Stock Units will have vested in the manner set forth in Section 3,
Participant will have no right to payment of any such Restricted Stock
Units.  Prior to actual payment of any
vested Restricted Stock Units, such Restricted Stock Unit will represent an
unsecured obligation of the Company, payable (if at all) only from the general
assets of the Company.  Any Restricted
Stock Units that vest in accordance with Sections 3 or 4 will be paid to
Participant (or in the event of Participant’s death, to his or her estate) in
whole Shares, subject to Participant satisfying any applicable tax withholding
obligations as set forth in Section 7. 
Subject to the provisions of Section 4, such vested Restricted
Stock Units will be paid in Shares as soon as practicable after vesting, but in
each such case within the period ending no later than the date that is two and
one-half (21⁄2) months from the end of the Company’s tax year that includes the
vesting date.

 

3.             Vesting Schedule. 
Except as provided in Section 4, and subject to Section 5, the
Restricted Stock Units awarded by this Award Agreement will vest in accordance
with the vesting provisions set forth in the Notice of Grant attached as Part I
of this Award Agreement.  Restricted
Stock Units scheduled to vest on
a certain date or upon the occurrence of a certain condition will not vest in
Participant in accordance with any of the provisions of this Award Agreement, unless Participant will have been
continuously a Service Provider from the Date of Grant until the date such
vesting occurs.

 

4.             Administrator Discretion.  The
Administrator, in its discretion, may accelerate the vesting of the balance, or
some lesser portion of the balance, of the unvested Restricted Stock Units at
any time, subject to the terms of the Plan. 
If so accelerated, such Restricted Stock Units will be considered as
having vested as of the date specified by the Administrator.

 

Notwithstanding anything in
the Plan or this Award Agreement to the contrary, if the vesting of the
balance, or some lesser portion of the balance, of the Restricted Stock Units
is accelerated in connection with Participant’s termination as a Service
Provider (provided that such termination is a “separation from service” within
the meaning of Section 409A, as determined by the Company), other than due to death, and if (x) Participant
is a “specified employee” within the meaning of Section 409A at the time
of such termination as a Service Provider and (y) the payment of such
accelerated Restricted Stock Units will result in the imposition of additional
tax under Section 409A if paid to Participant on or within the six (6) month
period following Participant’s termination as a Service Provider, then the
payment of such accelerated Restricted Stock Units will not be made until the
date six (6) months and one (1) day following the date of Participant’s
termination as a Service Provider, unless the Participant dies 

 

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following his or her termination as a Service
Provider, in which case, the Restricted Stock Units will be paid in Shares to
the Participant’s estate as soon as practicable following his or her
death.  It is the intent of this Award
Agreement to comply with the requirements of Section 409A so that none of
the Restricted Stock Units provided under this Award Agreement or Shares
issuable thereunder will be subject to the additional tax imposed under Section 409A,
and any ambiguities herein will be interpreted to so comply.  For purposes of this Award Agreement, “Section 409A”
means Section 409A of the Code, and any proposed, temporary or final
Treasury Regulations and Internal Revenue Service guidance thereunder, as each
may be amended from time to time.

 

5.             Forfeiture upon Termination of Status as a
Service Provider.  Notwithstanding any contrary provision of
this Award Agreement, the balance of the Restricted Stock Units that have not
vested as of the time of Participant’s termination as a Service Provider for
any or no reason and Participant’s right to acquire any Shares hereunder will
immediately terminate.

 

6.             Death of Participant.  Any
distribution or delivery to be made to Participant under this Award Agreement will, if Participant is
then deceased, be made to Participant’s designated beneficiary, or if no
beneficiary survives Participant, the administrator or executor of Participant’s
estate.  Any such transferee must furnish
the Company with (a) written notice of his or her status as transferee,
and (b) evidence satisfactory to the Company to establish the validity of
the transfer and compliance with any laws or regulations pertaining to said
transfer.

 

7.             Withholding of Taxes. 
Notwithstanding any contrary provision of this Award Agreement, no certificate representing the
Shares will be issued to Participant, unless and until satisfactory
arrangements (as determined by the Administrator) will have been made by
Participant with respect to the payment of income, employment and other taxes
which the Company determines must be withheld with respect to such Shares.  The Administrator, in its sole discretion and
pursuant to such procedures as it may specify from time to time, may permit
Participant to satisfy such tax withholding obligation, in whole or in part
(without limitation) by (a) paying cash, (b) electing to have the
Company withhold otherwise deliverable Shares having a Fair Market Value equal
to the minimum amount required to be withheld, (c) delivering to the
Company already vested and owned Shares having a Fair Market Value equal to the
amount required to be withheld, or (d) selling a sufficient number of such
Shares otherwise deliverable to Participant through such means as the Company
may determine in its sole discretion (whether through a broker or otherwise)
equal to the amount required to be withheld.  To
the extent determined appropriate by the Company in its discretion, it will
have the right (but not the obligation) to satisfy any tax withholding
obligations by reducing the number of Shares otherwise deliverable to
Participant.  If Participant fails to
make satisfactory arrangements for the payment of any required tax withholding
obligations hereunder at the time any applicable Restricted Stock Units
otherwise are scheduled to vest pursuant to Sections 3 or 4, Participant will
permanently forfeit such Restricted Stock Units and any right to receive Shares
thereunder and the Restricted Stock Units will be returned to the Company at no
cost to the Company.

 

8.             Rights as Stockholder.  Neither
Participant nor any person claiming under or through Participant will have any
of the rights or privileges of a stockholder of the Company in respect of any
Shares deliverable hereunder unless and until certificates representing such
Shares will have been issued, recorded on the records of the Company or its
transfer agents or registrars,

 

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and delivered to Participant.  After such issuance, recordation and
delivery, Participant will have all the rights of a stockholder of the Company
with respect to voting such Shares and receipt of dividends and distributions
on such Shares.

 

9.             No Guarantee of Continued
Service.  PARTICIPANT
ACKNOWLEDGES AND AGREES THAT THE VESTING OF THE RESTRICTED STOCK UNITS PURSUANT
TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE
PROVIDER AT THE WILL OF THE COMPANY AND NOT THROUGH THE ACT OF BEING HIRED,
BEING GRANTED THIS AWARD OF RESTRICTED STOCK UNITS OR ACQUIRING SHARES
HEREUNDER.  PARTICIPANT FURTHER ACKNOWLEDGES
AND AGREES THAT THIS AWARD AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER
AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR
IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING
PERIOD, FOR ANY PERIOD, OR AT ALL, AND SHALL NOT INTERFERE WITH PARTICIPANT’S
RIGHT OR THE COMPANY’S RIGHT TO TERMINATE PARTICIPANT’S RELATIONSHIP AS A
SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE.

 

10.           Address for Notices.  Any
notice to be given to the Company under the terms of this Award Agreement will
be addressed to the Company, in care of its Stock Administrator at LECG
Corporation, 2000 Powell Street, Suite 600, Emeryville, California 94608,
or at such other address as the Company may hereafter designate in writing.

 

11.           Grant is Not Transferable. 
Except to the limited extent provided in Section 6, this grant and
the rights and privileges conferred hereby will not be transferred, assigned,
pledged or hypothecated in any way (whether by operation of law or otherwise)
and will not be subject to sale under execution, attachment or similar
process.  Upon any attempt to transfer,
assign, pledge, hypothecate or otherwise dispose of this grant, or any right or
privilege conferred hereby, or upon any attempted sale under any execution,
attachment or similar process, this grant and the rights and privileges
conferred hereby immediately will become null and void.

 

12.           Binding Agreement. 
Subject to the limitation on the transferability of this grant contained
herein, this Award Agreement
will be binding upon and inure to the benefit of the heirs, legatees, legal
representatives, successors and assigns of the parties hereto.

 

13.           Additional Conditions to Issuance of Stock.  If
at any time the Company will determine, in its discretion, that the listing,
registration or qualification of the Shares upon any securities exchange or
under any state or federal law, or the consent or approval of any governmental
regulatory authority is necessary or desirable as a condition to the issuance
of Shares to Participant (or his or her estate), such issuance will not occur
unless and until such listing, registration, qualification, consent or approval
will have been effected or obtained free of any conditions not acceptable to
the Company.  Where the Company
determines that the delivery of the payment of any Shares will violate federal
securities laws or other applicable laws, the Company will defer delivery until
the earliest date at which the Company reasonably anticipates that the delivery
of Shares will no longer cause such violation. 
The Company will make all reasonable efforts to meet the requirements of
any such state or federal law or securities exchange and to obtain any such
consent or approval of any such governmental authority.

 

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14.           Plan Governs.  This
Award Agreement is subject to all terms and provisions of the Plan.  In the event of a conflict between one or
more provisions of this Award Agreement and one or more provisions of the Plan,
the provisions of the Plan will govern. 
Capitalized terms used and not defined in this Award Agreement will have
the meaning set forth in the Plan.

 

15.           Administrator Authority.  The
Administrator will have the power to interpret the Plan and this Award
Agreement and to adopt such rules for the administration, interpretation
and application of the Plan as are consistent therewith and to interpret or
revoke any such rules (including, but not limited to, the determination of
whether or not any Restricted Stock Units have vested).  All actions taken and all interpretations and
determinations made by the Administrator in good faith will be final and
binding upon Participant, the Company and all other interested persons.  No member of the Administrator will be
personally liable for any action, determination or interpretation made in good
faith with respect to the Plan or this Award Agreement.

 

16.           Electronic Delivery.  The
Company may, in its sole discretion, decide to deliver any documents related to
Restricted Stock Units awarded under the Plan or future Restricted Stock Units
that may be awarded under the Plan by electronic means or request Participant’s
consent to participate in the Plan by electronic means.  Participant hereby consents to receive such
documents by electronic delivery and agrees to participate in the Plan through
any on-line or electronic system established and maintained by the Company or
another third party designated by the Company.

 

17.           Captions.  Captions provided herein are for
convenience only and are not to serve as a basis for interpretation or
construction of this Award Agreement.

 

18.           Agreement Severable.  In
the event that any provision in this Award Agreement will be held invalid or unenforceable, such provision will be
severable from, and such invalidity or unenforceability will not be construed
to have any effect on, the remaining provisions of this Award Agreement.

 

19.           Modifications to the Agreement.  This
Award Agreement constitutes the
entire understanding of the parties on the subjects covered.  Participant expressly warrants that he or she
is not accepting this Award Agreement
in reliance on any promises, representations, or inducements other than those
contained herein.  Modifications to this
Award Agreement or the Plan can be made only in an express written contract
executed by a duly authorized officer of the Company.  Notwithstanding anything to the contrary in
the Plan or this Award Agreement,
the Company reserves the right to revise this Award Agreement as it deems
necessary or advisable, in its sole discretion and without the consent of
Participant, to comply with Section 409A or to otherwise avoid imposition
of any additional tax or income recognition under Section 409A in
connection to this Award of Restricted Stock Units.

 

20.           Amendment, Suspension or Termination of the
Plan.  By accepting this Award, Participant
expressly warrants that he or she has received an Award of Restricted Stock
Units under the Plan, and has received, read and understood a description of
the Plan.  Participant understands that
the Plan is discretionary in nature and may be amended, suspended or terminated
by the Company at any time.

 

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21.           Governing Law.  This
Award Agreement will be governed by the laws of the State of California,
without giving effect to the conflict of law principles thereof.  For purposes of litigating any dispute that
arises under this Award of Restricted Stock Units or this Award Agreement, the
parties hereby submit to and consent to the jurisdiction of the State of
California, and agree that such litigation will
be conducted in the courts of Alameda County, California,
or the federal courts for the United States for the Northern District of
California, and no other courts, where this Award of Restricted Stock Units is
made and/or to be performed.

 

By your signature and the
signature of the Company’s representative below, you and the Company agree that
this Award of Restricted Stock Units is granted under and governed by the terms
and conditions of the Plan and this Award Agreement.  Participant has reviewed the Plan and this
Award  Agreement in their
entirety, has had an opportunity to obtain the advice of counsel prior to
executing this Award Agreement and fully understands all provisions of the Plan
and Award Agreement.  Participant hereby
agrees to accept as binding, conclusive and final all decisions or
interpretations of the Administrator upon any questions relating to the Plan
and Award Agreement.  Participant further agrees to notify the
Company upon any change in the residence address indicated below.

 

	
  PARTICIPANT:

  	
   

  	
  LECG CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Signature

  	
   

  	
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  Print Name

  	
   

  	
  Title

  
	
   

  	
   

  	
   

  
	
  Residence
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

6Exhibit 4.5

 

STATEMENT REGARDING RESTRICTIONS ON

 

TRANSFERABILITY OF SHARES OF COMMON STOCK

 

(To Appear on Stock Certificate or to Be Sent
upon Request

 

and without Charge to Stockholders Issued
Shares without Certificates)

 

The securities of Behringer Harvard Multifamily REIT I, Inc. are
subject to restrictions on Beneficial and Constructive Ownership and Transfer
for the purpose of the Company’s maintenance of its status as a real estate
investment trust under the Internal Revenue Code of 1986, as amended. 
Subject to certain further restrictions and except as expressly provided in the
Charter, (i) no Person may Beneficially or Constructively Own Common
Shares of the Company in excess of 9.8% (in value or number of Shares) of the
outstanding Common Shares of the Company unless the Person is an Excepted
Holder (in which case the Excepted Holder Limit shall be applicable); (ii) no
Person may Beneficially or Constructively Own Preferred Shares of the Company
in excess of 9.8% (in value or number of Shares) of the outstanding Preferred
Shares of the Company unless the Person is an Excepted Holder (in which case
the Excepted Holder Limit shall be applicable); (iii) no Person may
Beneficially or Constructively Own Shares that would result in the Company
being “closely held” under Section 856(h) of the Code or otherwise
cause the Company to fail to qualify as a REIT; and (iv) no Person may
Transfer Shares if the Transfer would result in the Shares of the Company being
owned by fewer than 100 Persons.  Any Person who Beneficially or
Constructively Owns or attempts to Beneficially or Constructively Own Shares
that cause or will cause a Person to Beneficially or Constructively Own Shares
in excess or in violation of the above limitations must immediately notify the
Company.  If any of the restrictions on transfer or ownership are or would
be violated, the Shares will be deemed to have automatically transferred to a
Trustee of a Trust for the benefit of one or more Charitable Beneficiaries upon
such transfer.  In addition, the Company may redeem Shares upon the terms
and conditions specified by the Board in its sole discretion if the Board
determines that ownership or a Transfer or other event may violate the
restrictions described above.  Furthermore, upon the occurrence of certain
events, attempted Transfers in violation of the restrictions described above
may be void ab initio.

 

Until the Common Shares are Listed, to purchase Common Shares, the
purchaser must represent to the Company:  (i) that the purchaser (or,
in the case of sales to fiduciary accounts, that the beneficiary, fiduciary
account or grantor or donor who directly or indirectly supplies the funds to
purchase the shares if the grantor or donor is the fiduciary) has a minimum
annual gross income of $70,000 and a net worth (excluding home, furnishings and
automobiles) of not less than $70,000; or (ii) that the purchaser (or, in
the case of sales to fiduciary accounts, that the beneficiary, fiduciary
account or grantor or donor who directly or indirectly supplies the funds to
purchase the shares if the grantor or donor is the fiduciary) has a net worth
(excluding home, furnishings and automobiles) of not less than $250,000. 
Until the Common Shares are Listed, each transfer of Common Shares shall comply
with the requirements regarding minimum initial and subsequent cash investment
amounts set forth in Company’s registration statement filed under the
Securities Act for the Initial Public Offering as such registration statement
has been amended or supplemented as of the date of such issuance or transfer.

 

All capitalized terms in this notice have the meanings defined in the
Charter of the Company, as the same may be amended from time to time, a copy of
which, including the restrictions on transfer and ownership, will be furnished
to each holder of Shares of the Company on request and without charge.

 

Note: Instead of the foregoing legend, the
certificate may state that state that the Company will furnish information
about the restrictions on transfer to the Stockholder on request and without
charge.

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