Document:

FORM OF RESTRICTED STOCK UNIT AGREEMENT (INTERNATIONAL)

 Exhibit 10.16 
  

			
	 American Tower Corporation
 Notice of Grant of
Restricted Stock Units and RSU
 Agreement (Non-U.S. Employee / Time)
	  	 American Tower Corporation
 ID: 65-0723837
 116 Huntington Ave
 Boston, MA 02116

		
	 Administrator
 116 Huntington Avenue 11th Floor
 Boston MA United States
02116
	  	 Participant Name:
 RSU Number:
 Plan: 
 ID:

 American Tower Corporation, a Delaware corporation (the “Company”), hereby grants to the Participant
named above (“you”) restricted stock units (the “RSUs”) representing the right to receive the number of shares of Class A Common Stock, par value $0.01 per share (the “Stock”) of the Company set forth below (or, if
so determined by the Committee, the value of such shares, payable in cash or such other property as the Committee determines) on the terms of this Notice of Grant of Restricted Stock Units and RSU Agreement (this “Agreement”), subject to
your acceptance of this Agreement and the provisions of the American Tower Corporation 2007 Equity Incentive Plan, as amended from time to time (the “Plan”). 
  

					
	 Date of grant:
	  		  	                    , 20    
			
	 Number of shares:
	  		  	_______________

 The RSUs will vest and the underlying shares will become issuable on the following schedule (each date, a
“scheduled vesting date”): 
                     on
                    , 20    , as to
                     shares, 
                     on
                    , 20    , as to
                     additional shares, 
                     on
                    , 20    , as to
                     additional shares, and 
                     on
                    , 20    , as to
                     additional shares. 
 By your
signature below, you agree with the Company to the terms of this Agreement. 
  

									
	  
	 		 		 	  
	 	
	Participant	 		 		 	Date	 	

 Terms of Restricted Stock Units 
 1. Plan Incorporated by Reference. The provisions of the Plan are incorporated into and made a part of this Agreement by this reference.
Capitalized terms used and not otherwise defined in this Agreement have the meanings given to them in the Plan. The Committee administers the Plan, and its determinations regarding the interpretation and operation of the Plan and this Agreement are
final and binding. The Board may in its sole discretion at any time terminate or from time to time modify and amend the Plan as provided therein. You may obtain a copy of the Plan without charge upon request to the Company’s Human Resources
Department. 
 2. Vesting of RSUs. The RSUs will vest, while you are employed by the Company or one of its Affiliates, for the
respective numbers of shares and on the scheduled vesting dates stated in the vesting schedule on the first page of this Agreement, subject to the other terms hereof. RSUs are an unfunded, unsecured obligation of the Company. You shall not earn any
rights under the RSUs except in conformity with such schedule and until all other conditions that are required to be met in order to issue the underlying shares have been satisfied. Subject to Section 6, within sixty (60) days after the
scheduled vesting date for any RSUs, the Company will deliver to you or your legal representative the number of shares underlying the number of vested RSUs associated with such scheduled vesting date on the vesting schedule (or such cash or other
property as the Committee determines). 
 3. Termination of RSUs. Upon termination of your employment with the Company
and its Affiliates for any reason, any of the RSUs that are unvested as of the termination date will be canceled for no value. Authorized leave of absence or absence on military or government service shall not constitute termination of your
employment for this purpose so long as either (a) such absence is for a period of no more than 90 calendar days or (b) your right to re-employment after such absence is guaranteed either by statute or by contract. 

4. Withholding Taxes. Upon the vesting of the RSUs, the Company shall withhold from issuance in settlement of such RSUs the number of shares of
Stock necessary to satisfy the minimum tax withholding obligations arising from such vesting with such shares of Stock valued at their Fair Market Value on the date of withholding; provided, that the Company may permit, at the discretion of the
President and Chief Executive Officer, the Treasurer and Chief Financial Officer, or the Executive Vice President, Chief Administrative Officer and General Counsel, a holder of RSUs to pay the associated tax withholding obligations to the Company in
cash (in lieu of the Company withholding shares of Stock), if such holder submits a written request therefor in advance of the vesting date for such RSUs and remits to the Company such payment no later than the date of delivery of the remaining
shares to the holder in settlement of the RSUs. 
 5. Termination; Forfeiture. Notwithstanding any other provision of this Agreement,
you shall be obligated to (a) transfer to the Company any shares, cash or other property previously issued upon vesting of RSUs and (b) pay to the Company all gains realized by any person from the disposition of any such shares or other
property if: (I) your employment with the Company or any Affiliate is terminated for cause or (II) following termination of employment for any reason, either (A) the Company determines that you engaged in conduct while an employee
that would have justified termination for cause or (B) you violate any applicable confidentiality or non-competition agreement with the Company or any Affiliate. Termination for cause means criminal conduct involving a felony in the U.S. or the
equivalent of a felony under the laws of other countries, material violations of civil law related to your job responsibilities, fraud, dishonesty, self-dealing, breach of your obligations regarding the Company’s intellectual property, or
willful misconduct that the Committee determines to be injurious to the Company. 
 6. Compliance with Law; Lock-Up Agreement. The
Company shall not be obligated to issue any shares of Stock or other securities upon vesting of the RSUs unless the Company is satisfied that all requirements of law or any applicable stock exchange in connection therewith (including without
limitation the effective registration or exemption of the issuance of such shares or other securities under the Securities Act of 1933, as amended, and applicable state securities laws) have been or will be complied with, and the Committee may
impose any restrictions on your rights as it shall deem necessary or advisable to comply with any such requirements; provided that the Company will issue such shares or other securities on the earliest date at which it reasonably anticipates that
such issuance will not cause such violation . You further agree hereby that, as a condition to the issuance of shares upon vesting of the RSUs, you will enter into and perform any underwriter’s lock-up agreement requested by the Company from
time to time in connection with public offerings of the Company’s securities. 
  

 2 

 7. Rights as Stockholder. You shall have no rights as a stockholder with respect to any shares of
Stock or other securities covered by the RSUs until the issuance of such actual shares of Stock or other securities. No adjustment shall be made for dividends or other rights for which the record date occurs before the date such shares of Stock or
other securities are issued. 
 8. Effect on Your Employment. Neither the adoption, maintenance or operation of the Plan nor the award
of the RSUs confers upon you any right to continue your employment with the Company or any Affiliate, nor shall they interfere with the rights of the Company or any Affiliate to terminate or otherwise change the terms of such employment or service
at any time, including, without limitation, the right to promote, demote or reassign you from one position to another in the Company or any Affiliate. Unless the Committee otherwise provides in any case, your employment with an Affiliate shall be
deemed to terminate for purposes of the Plan when such Affiliate ceases to be an Affiliate of the Company. 
 9. Nontransferability.
You may not assign or transfer the RSUs or any rights with respect thereto except by will or by the laws of descent and distribution or to the extent expressly permitted in writing by the Committee. 
 10. Corporate Events. The terms of the RSUs may be changed without your consent as provided in the Plan upon a change in control of, or certain
other corporate events affecting, the Company. Without limiting the foregoing, the number and kind of shares or other securities or property issuable upon vesting of the RSUs may be changed, the vesting schedule may be accelerated, the RSUs may be
assumed by another issuer, or the RSUs may be terminated, as the Committee may consider equitable to the participants in the Plan and in the best interests of the Company. 
 11. Data Privacy. You hereby explicitly consent to the collection, use and transfer, in electronic or other form, of your personal data as
described in this Notice and Agreement by and among, as applicable, the Company and its Affiliates for the exclusive purpose of implementing, administering and managing your participation in the Plan. You understand that the Company and its
Affiliates hold certain personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of
stock or directorships held in the Company or its Affiliates, details of all RSUs or any other entitlement to shares of stock awarded, canceled, vested, unvested or outstanding in your favor, for the purpose of implementing, administering and
managing the Plan (“Data”). You understand that Data may be transferred to any third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located in your country of residence or
elsewhere, and that the recipient’s country may have different data privacy laws and protections than your country. You understand that you may request a list with the names and addresses of any potential recipients of the Data by contacting
your local Human Resources representative. You authorize the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing your participation in the Plan,
including any requisite transfer of such Data as may be required to a broker or other third party. You understand that Data will be held only as long as is necessary to implement, administer and manage your participation in the Plan. You understand
that you may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing
your local Human Resources representative. You understand, however, that refusing or withdrawing your consent may affect your ability to participate in the Plan. For more information on the consequences of refusal to consent or withdrawal of
consent, you understand that you may contact your local Human Resources representative. 
 12. Governing Law. This Agreement shall be
governed by and construed and enforced in accordance with the applicable laws of the United States of America and the law (other than the law governing conflict of law questions) of the Commonwealth of Massachusetts except to the extent the laws of
any other jurisdiction are mandatorily applicable. 
 13. Amendment and Termination of the RSUs. The RSUs may be amended or terminated
by the Company with or without your consent, as permitted by the Plan.
  

 3DISANTO LETTER

 Exhibit 10.23 
 

 
 March 1, 2007 
 Mr. Edmund DiSanto 
 56 High Ridge Road 
 West
Hartford, CT 06117 
 Dear Ed: 
 I am pleased to confirm our
offer to you to join American Tower Corporation (“American Tower” or the “Company”) in the position of Executive Vice President, Chief Administrative Officer and General Counsel effective April 1, 2007. In this position you
will report directly to me as part of the executive management team and be based in our corporate office in Boston, MA. Below you will find a summary of this offer. 
 Cash Compensation 
 Effective upon your date of hire, your annualized base salary will be not less
than three hundred fifty thousand dollars ($350,000.00) and your target cash bonus will be two hundred ten thousand dollars ($210,000.00), 60% of your base salary. Thereafter, future salary increments and bonus targets will be as recommended by me
and approved by the Compensation Committee of the Company’s Board of Directors. 
 Long-Term Equity Incentive 
 In consideration of your acceptance of this offer, you will be recommended to receive a stock option grant to purchase 200,000 shares of the
Company’s Class A common stock, subject to approval by the Compensation Committee, to be effective the first day of the month following the Compensation Committee’s first regularly scheduled meeting subsequent to your date of hire.
Future grants of equity-based incentives will be as recommended by me for review and approval by the Compensation Committee. Each grant will be subject to the terms and conditions of the option agreement and other plan documents relating to American
Tower’s stock option plans or equity based plans under which you will be eligible to be a participant and pursuant to which future grants will be made. Copies of plan documents will be provided to you after the initial grant has been approved.

 Benefits 
 American
Tower offers a comprehensive benefits package. As d benefit eligible employee, if you intend to participate in either the Medical, Dental or Reimbursement Plans you must complete and return the appropriate enrollment forms within the first 30 days
of employment If you do not return enrollment forms within 30 days from your date of hire your next opportunity to enroll in these plans will be during annual open enrollment You will also be 

 
eligible to participate in the Company’s 401(k) program, group term life, and other employee benefit programs, including American Tower’s Flexible
Time Off Policy (Flextime), which covers vacation, sick time and other paid time off. You will be eligible for 200 hours of Flextime per year of employment, which will accrue on a per pay period basis consistent with the policy. 
 Participation in all benefit programs must be in accordance with the terms of each plan and/or program. Included is a highlight brochure of these
benefits. 
 Perquisites and Benefits 
 You will also be eligible for all executive benefits to the same extent as other similarly situated executives, including a $1,000 per month automobile allowance and reimbursement of your annual insurance
premium for one automobile. You will also be eligible for parking in our building. 
 Relocation and Temporary Living Expenses

 In order to facilitate a smooth transition to your new role, the Company also agrees to reimburse customary moving expenses incurred
during your relocation up to $100,000, including brokerage fees, appraisals, inspections, legal, tax or accounting fees that may be associated with a sale of an old or purchase of a new residence, the move, mortgage fees and other closing and
related costs. These expenses will be reimbursed through payroll upon receipt of evidence of expenses incurred. In addition, the Company will provide an income tax gross up to the actual expenses incurred. You will be eligible for these
reimbursements for a period up to 24 months after your hire date. In addition, you will be eligible for the reimbursement of reasonable commuting expenses and a temporary living allowance of up to $2,000 per month for up to 12 months from your hire
date. 
 Severance 
 If
your employment with the Company is at any time terminated other than for Cause, or if you decide to leave the Company for Good Reason, you will receive severance benefits in accordance with those then available to similarly situated
Executive Vice Presidents, in addition to amounts earned but not yet paid, and business expenses incurred but not yet reimbursed, including the following severance benefits: 
  

	 	a.	Bi-weekly payment of then-current salary prior to any reduction, if any, for 18 months after the date of termination and a pro-rated target cash bonus for the year of termination.
If you are a “specified employee” as defined in, and pursuant to, Prop. Reg. § 1.409A-1(i) or any successor provision, on the date of the termination of your employment with ATC, then, notwithstanding any other provision contained
within this letter, no payment will be made to you during the period lasting six (6) months from the date of such termination of employment unless ATC determines that there is no reasonable basis for believing that making such payment would
cause you to suffer any adverse tax consequences pursuant to Section 409A. If any payment to you is delayed pursuant to the provisions of this paragraph, such delayed payment will instead be paid on or about the first regularly scheduled
payroll date following the first business day following the expiration of the six (6) month period referred to within this paragraph. 

  

	 	b.	Company paid medical and dental benefits for 18 months following your termination which will run concurrent with COBRA coverage. 

  

	 	c.	Extension of your rights to exercise stock options following your termination will also be in accordance with similarly situated Executive Vice Presidents under the Company's then
current employment and severance arrangements. 

 “Cause” is defined as willful or gross non-performance of duties or
deliberate actions (including fraud) that reasonably could be expected to materially, adversely affect the Company, as determined in good faith by the ATC Board of Directors after notice and a reasonable opportunity to cure has been provided to you.
“Good Reason” is defined as termination by you of your employment at any time within ninety days after (i) a material reduction in your responsibility from your current role or a reduced salary unrelated to the Company’s
financial circumstances, (ii) a material or disproportionate reduction compared to other participants (and relative to your and such participants’ current levels) in your target cash bonus, long term equity incentives or benefits.
(iii) a material change in the terms of, or termination of, those of this letter or this severance arrangement, or (iv) an unreasonable relocation of your principal office of more than fifty miles from our existing corporate office without
your consent. 
 The aforementioned severance benefits are contingent on reaching a Separation and Release Agreement between you and the
Company that would include customary and reasonable release, non-compete covenants restricting tile providing of services to competitors of the Company, confidentiality, non-solicitation and mutual non-disparagement clauses in effect for a period to
be mutually agreed upon. 
 Ed, I am thrilled that you will be joining our executive team and that we will be working together again. Go Red
Sox! 
  

	
	Best Regards,
	
	 /s/ James Taiclet

	James Taiclet
	 Chief Executive Officer

	
	Accepted
	
	 /s/ Edmund DiSanto

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