Document:

exv10w12

 

			
	Participant:        
               
             
     
	 	Exhibit 10.12

Gomez, Inc.

Restricted Stock Agreement

	 	 	 	 	 	 	 
	 

Number of Shares Awarded

	 	 
	 	 

Grant Date
	 	 

     Gomez, Inc. has selected you to receive the restricted stock award described above, which is
subject to the provisions of the Gomez, Inc. 2008 Stock Incentive Plan and the terms and conditions
contained in this Restricted Stock Agreement. Please confirm your acceptance of this restricted
stock award and of the terms and conditions of this Agreement by signing a copy of this Agreement
where indicated below.

	 	 	 	 	 	 	 
	 	 	GOMEZ, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 

Accepted and Agreed:

                                                            

 

 

GOMEZ, INC.

Restricted Stock Agreement

     The terms and conditions of the award of shares of restricted common stock (the “Restricted
Shares”) of Gomez, Inc. (the “Company”) made to the Recipient, as set forth on the cover page of
this Agreement, are as follows:

     1. Issuance of Restricted Shares.

          (a) The Restricted Shares are issued to the Recipient, effective as of the Grant Date (as set
forth on the cover page of this Agreement), in consideration of employment services rendered and to
be rendered by the Recipient to the Company.

          (b) As promptly as practicable following the Grant Date, the Company shall issue one or more
certificates in the name of the Recipient for the Restricted Shares. Such certificate(s) shall
initially be held on behalf of the Recipient by the Secretary of the Company. Following the
vesting of any Restricted Shares pursuant to Section 2 below, the Secretary shall, if requested by
the Recipient, deliver to the Recipient a certificate representing the vested Restricted Shares.
The Recipient agrees that the Restricted Shares shall be subject to the forfeiture provisions set
forth in Section 3 of this Agreement and the restrictions on transfer set forth in Section 4 of
this Agreement.

     2. Vesting.

          (a) Vesting Schedule. Unless otherwise provided in this Agreement or the Gomez, Inc.
2008 Stock Incentive Plan (the “Plan”), the Restricted Shares shall vest in accordance with the
following vesting schedule: ___% of the total number of
Restricted Shares shall vest ___ days
following the Grant Date and ___% of the total number of Restricted Shares shall vest at the end of
each successive ___-day period following such initial ___-day period, through and including the
___ anniversary of the Grant Date. Any fractional number of Restricted Shares resulting from the
application of the foregoing percentages shall be rounded down to the nearest whole number of
Restricted Shares.

          (b) [Acceleration of Vesting. Notwithstanding the foregoing vesting schedule, ___%
of the [then-remaining number of unvested Restricted Shares] [total number of Restricted Shares]
shall vest effective immediately prior to a Change in Control Event (as defined in the Plan). The
remaining unvested Restricted Shares, if any, shall continue to vest pursuant to the vesting
schedule set forth in Section 2(a)[, provided that such unvested Restricted Shares shall vest as to
                    ].]

     3. Forfeiture of Unvested Restricted Shares Upon Termination.

     In the event that the Recipient ceases to be employed by the Company for any reason or no
reason, with or without cause [(except as provided in Section 2(b) above)], all of the Restricted
Shares that are unvested as of the time of such employment termination shall be forfeited
immediately and automatically to the Company, without the payment of any consideration to the
Recipient, effective as of such termination of employment. The Recipient hereby authorizes the
Company to take any actions necessary or appropriate to cancel any certificate(s) representing
forfeited Restricted Shares and transfer ownership of such forfeited Restricted Shares to the
Company; and if the Company or its transfer agent requires an executed stock power or similar
confirmatory instrument in connection with such cancellation and transfer, the Recipient shall
promptly execute and deliver the same to the Company. The Recipient shall have no further rights
with respect to any Restricted Shares that are so forfeited. If the Recipient is employed by a
subsidiary of the Company, any references in this Agreement to employment with the Company shall
instead be deemed to refer to employment with such subsidiary.

 

 

     4. Restrictions on Transfer.

     The Recipient shall not sell, assign, transfer, pledge, hypothecate or otherwise dispose of,
by operation of law or otherwise (collectively “transfer”) any Restricted Shares, or any interest
therein, until such Restricted Shares have vested, except that the Recipient may transfer such
Restricted Shares: (a) to or for the benefit of any spouse, children, parents, uncles, aunts,
siblings, grandchildren and any other relatives approved by the Compensation Committee
(collectively, “Approved Relatives”) or to a trust established solely for the benefit of the
Recipient and/or Approved Relatives, provided that such Restricted Shares shall remain
subject to this Agreement (including without limitation the forfeiture provisions set forth in
Section 3 and the restrictions on transfer set forth in this Section 4) and such permitted
transferee shall, as a condition to such transfer, deliver to the Company a written instrument
confirming that such transferee shall be bound by all of the terms and conditions of this
Agreement; or (b) as part of the sale of all or substantially all of the shares of capital stock of
the Company (including pursuant to a merger or consolidation). The Company shall not be required
(i) to transfer on its books any of the Restricted Shares which have been transferred in violation
of any of the provisions of this Agreement or (ii) to treat as owner of such Restricted Shares or
to pay dividends to any transferee to whom such Restricted Shares have been transferred in
violation of any of the provisions of this Agreement.

     5. Restrictive Legends.

     All certificates representing Restricted Shares shall have affixed thereto a legend in
substantially the following form, in addition to any other legends that may be required under
applicable law:

     “These shares of stock are subject to forfeiture provisions and restrictions on transfer set
forth in a certain Restricted Stock Agreement between the corporation and the registered owner of
these shares (or his or her predecessor in interest), and such Agreement is available for
inspection without charge at the office of the Secretary of the corporation.”

     6. Rights as a Shareholder.

     Except as otherwise provided in this Agreement, for so long as the Recipient is the registered
owner of the Restricted Shares, the Recipient shall have all rights as a shareholder with respect
to the Restricted Shares, whether vested or unvested, including, without limitation, any rights to
receive dividends and distributions with respect to the Restricted Shares and to vote the
Restricted Shares and act in respect of the Restricted Shares at any meeting of shareholders.

     7. Provisions of the Plan.

     This Agreement is subject to the provisions of the Plan, a copy of which is furnished to the
Recipient with this Agreement.

     8. Tax Matters.

          (a) Acknowledgments; Section 83(b) Election. The Recipient acknowledges that he or
she is responsible obtaining the advice of the Recipient’s own tax advisors with respect to the
acquisition of the Restricted Shares and the Recipient is relying solely on such advisors and not
on any statements or representations of the Company or any of its agents with respect to the tax
consequences relating to the Restricted Shares. The Recipient understands that the Recipient (and
not the Company) shall be responsible for the Recipient’s tax liability that may arise in
connection with the acquisition, vesting and/or disposition of the Restricted Shares. The
Recipient acknowledges that he or she has been informed of the availability of making an election
under Section 83(b) of the Internal Revenue Code, as amended,

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with respect to the issuance of the Restricted Shares and that the Recipient has decided not
to file a Section 83(b) election.

          (b) Withholding. The Recipient acknowledges and agrees that the Company has the right
to deduct from payments of any kind otherwise due to the Recipient any federal, state, local or
other taxes of any kind required by law to be withheld with respect to the vesting of the
Restricted Shares. On each date on which Restricted Shares vest, the Company shall deliver written
notice to the Recipient of the amount of withholding taxes due with respect to the vesting of the
Restricted Shares that vest on such date; provided, however, that the total tax withholding cannot
exceed the Company’s minimum statutory withholding obligations (based on minimum statutory
withholding rates for federal and state tax purposes, including payroll taxes, that are applicable
to such supplemental taxable income) [Withholding payment in cash: The Recipient shall satisfy
such tax withholding obligations by making a cash payment to the Company on the date of vesting of
the Restricted Shares, in the amount of the Company’s withholding obligation in connection with the
vesting of such Restricted Shares.] [Withholding payment in stock: The Recipient [shall] [may, at
the option of the Recipient,] [may, if the Compensation Committee so approves in writing in advance
of the applicable vesting date,] satisfy such tax withholding obligations by transferring to the
Company, on each date on which Restricted Shares vest under this Agreement, such number of
Restricted Shares that vest on such date as have a fair market value (calculated using the last
reported sale price of the common stock of the Company on The NASDAQ Global Market on the trading
date immediately prior to such vesting date) equal to the amount of the Company’s tax withholding
obligation in connection with the vesting of such Restricted Shares. To effect such delivery of
Restricted Shares, the Recipient hereby authorizes the Company to take any actions necessary or
appropriate to cancel any certificate(s) representing such Restricted Shares and transfer ownership
of such Restricted Shares to the Company; and if the Company or its transfer agent requires an
executed stock power or similar confirmatory instrument in connection with such cancellation and
transfer, the Recipient shall promptly execute and deliver the same to the Company.]

     9. Miscellaneous.

          (a) No Right to Continued Employment. The Recipient acknowledges and agrees that,
notwithstanding the fact that the vesting of the Restricted Shares is contingent upon his or her
continued employment by the Company, this Agreement does not constitute an express or implied
promise of continued employment or confer upon the Recipient any rights with respect to continued
employment by the Company.

          (b) Governing Law. This Agreement shall be construed, interpreted and enforced in
accordance with the internal laws of the State of Delaware without regard to any applicable
conflicts of laws provisions.

          (c) Recipient’s Acknowledgments. The Recipient acknowledges that he or she has read
this Agreement, has received and read the Plan, and understands the terms and conditions of this
Agreement and the Plan.

3exv10w13

 

Exhibit 10.13

Gomez, Inc.

Executive and Management Incentive Plan

Introduction

The 2007 Executive & Management Incentive Plan (“The Plan”) is designed as an incentive to
participants to perform at their most effective level, as a reward for strong performance and as a
way of sharing in the success of the Company. The Plan is designed to be self-funded and is
incorporated in the business targets and budgets.

The Plan is one element of Gomez’s total compensation package, inclusive of base salary, benefits
and other variable compensation plans. The Plan is designed to reinforce several concepts of
performance. Specifically it rewards:

	 	•	 	Achievement of specific business objectives
	 
	 	•	 	Increased operating profitability as a measure of Company success
	 
	 	•	 	Achievement of financial goals including bookings, revenue and income targets
	 
	 	•	 	Achievement of individual objectives

This Plan is CONFIDENTIAL, and details may not be disclosed by any participants.

Eligibility for Participation

Designated employees (“Participants”) are eligible for inclusion in The Plan for the calendar year
January 1, 2007 to December 31, 2007. Participation in The Plan is at the discretion of the
Company. Employees considered for participation include management level employees and individual
contributors in functions who meet established criteria. Eligibility for participation is not
automatic and will be reviewed annually.

Participation for new hires designated as eligible to participate will be pro-rated based on full
months of employment during the plan year. The employee must be hired prior to the beginning of
the fourth quarter of the year (October 1) and have worked a minimum of three full months during
the plan year to be eligible for participation.

There is no contractual commitment on the part of the Company in relation to future years of
participation and in this respect the Plan does not confer on any employees any rights or give rise
to any cause of action against the Company.

Operation of The Plan

For each Participant a fixed cash amount will be specified for the purposes of participation in The
Plan. Payment under The Plan will be based on the achievement of corporate targets and/or business
unit/departmental business plans. A copy of the business plan will be on file with the Human
Resources Department and each participant will be provided a copy.

All Participants will receive a copy of their bonus plan worksheet and terms and conditions of The
Plan. Each participant must sign and return a copy of The Plan document acknowledging that the
document was reviewed. In addition, Participants must sign their bonus plan worksheet

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acknowledging their specific goals and targets. Both signed documents must be returned to the
Human Resources Department.

The Chief Executive Officer and Board of Directors of Gomez, Inc. reserves the right to amend the
plan at any time based on business conditions.

Gomez management reserves the right to modify the Plan at any time. Notification of changes to the
Plan will be made in writing to affected participants. Changes may be made to the Plan
periodically in order to revise goals, update strategies or correct bona fide errors.

Performance against business targets will be assessed at the end of the fiscal year once all
financial results of the Company have been prepared and approved. Gomez management will have the
discretion to adjust, up or down, any employee’s payout based on subjective assessment of the
employee’s individual performance throughout the year. Any adjustment to individual bonus payout
will not increase the target bonus pool relative to the level of achievement of the Company.

All metrics will be measured independently. A minimum threshold of 80% must be achieved for each
element. If one element is not achieved, other elements of the plan can still payout, if minimum
threshold is met. In the event that the company does not achieve 80% on all Corporate metrics, the
entire bonus payout will become discretionary for all participants and will be determined by the
CEO and Board of Directors.

Payment

Bonus payments will be made annually after the official close of the operating year, no later than
April 1st of the year following. Payment will be made to each participant provided that
the participant:

	 	•	 	Has not given notice to resign employment before any payment is made
	 
	 	•	 	Remains an active employee at the time of payout

Any payment to which participants in the following categories may be entitled will be pro-rated:

	 	•	 	Employees whose eligibility for participation in The Plan begins after January 1, 2007
	 
	 	•	 	Employees whose are transferred to another position, business unit, department or group
within the Company during the plan year and their new position does not qualify them as
eligible to participate in The Plan

Any payment in whole or in part shall be made through the Company’s normal payroll process and will
be net of any appropriate Income Tax, Social Security Contributions or other relevant deductions.

Adjustments

Gomez will make all bonus adjustments once per year, and only for the previous year’s errors. The
participant must bring all potential bonus adjustments and questions to the attention of Human
Resources, or his or her designee, no later than the 15th business day of the month

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following payment. Human Resources and the CFO will review the request for a potential bonus
adjustment. The decision of Human Resources and CFO, or his or her designees, are binding and
final.

Contractual Status

Payments under The Plan are not contractual. No legally enforceable right to payment will arise
under The Plan, nor any right to compensation or damages for non-payment as a result of the
termination of employment (however caused), or for any other reason.

The Plan is not a guarantee of employment for a definite period of time. The participant
acknowledges and understands that she or he, or Gomez, may terminate the employment relationship at
any time with or without cause.

The Plan terminates, for the participant, on the date the participant’s employment with Gomez is
terminated.

This Plan shall be construed and governed in accordance with the laws of the Commonwealth of
Massachusetts.

Validity

The Plan is valid only for the calendar year January 1, 2007 – December 31, 2007. At the
expiration of this Plan, Gomez will negotiate a new Plan for Participants.

Gomez considers Participant performance to be critical for the success of the company. This Plan
is designed to reward excellent performance and the entire Company is committed to your success.

Acknowledgment:

	 	 	 	 	 	 	 
	 

Participant Signature

	 	 	 	 

Date
	 	 

	 	 	 	 	 
	Print Name:
	 	 	 	 
	 

	 	 

	 	 

Attachment: Bonus plan worksheet

Page 3 of 3

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