Document:

EXHIBIT 10.34

 

 

HELEN OF TROY LIMITED

2008 STOCK INCENTIVE PLAN

 

FORM OF STOCK OPTION AGREEMENT

 

 

FOR GOOD AND VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, Helen of Troy Limited (the “Company”), a Bermuda company, hereby grants to [____________] (the “Option Holder”), the option to purchase common shares, par value $0.10 per share of the Company (“Shares”), upon the terms set forth in this stock option agreement (the “Stock Option Agreement”) and the associated grant award information maintained on the website of the stock brokerage or such other financial services firm as may be designated by the Company (the “Grant Information”) (collectively this Stock Option Agreement and the Grant Information shall be referred to as the “Agreement”):

 

WHEREAS, the Option Holder has been granted the following award in connection with his or her retention to provide Services (as defined in the Plan) to the Company and its Subsidiaries, and the following terms reflect the Company’s 2008 Stock Incentive Plan (as amended from time to time, the “Plan”);

 

NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein, the parties hereto agree as follows.

 

1.   Defined Terms; Plan.  Terms used but not defined herein shall have the same meaning ascribed to such terms in the Plan.  This Agreement and the grant herein are subject to the terms and conditions herein and the terms and conditions of the applicable provisions of the Plan, the terms of which are incorporated herein by reference.

 

2.   Grant.  The Option Holder is hereby granted an option (the “Option”) to purchase [______] Shares (the “Option Shares”) pursuant to the terms and conditions of this Agreement and the Plan.  Each Option shall be designated in the Grant Information as either an ISO (as defined below) or a non-qualified option (“NSO”).  The Option is granted as of [______] (the “Grant Date”).

 

If designated in the Grant Information as an “ISO,” this Option is intended to qualify as an “incentive stock option” as defined in Section 422(b) of the Code to the extent that the aggregate Fair Market Value (determined as of the Grant Date) of Option Shares that are exercisable for the first time by the Option Holder during any calendar year does not exceed $100,000, however, to the extent any Option Shares covered by this Option, exceed this limit such Option Shares shall be deemed to be NSOs.

 

3.   Status of Option Shares.  The Option Shares shall upon issue rank equally in all respects with the other Shares.

 

4.   Option Price.  The purchase price for the Option Shares shall be, except as herein provided, the “grant price” as set forth in the Grant Information, hereinafter sometimes referred to as the “Option Price,” payable immediately in full upon the exercise of the Option.  In no event shall the Option Price be less than 100% of the Fair Market Value of the Option Shares subject to this Option on the Grant Date (or, with respect to an ISO, 110% where the Option Holder owns more than 10% of the total combined voting power of all classes of stock of the Company or any subsidiary on the Grant Date).

 

 

5.   Term of Option.  Subject to the terms and conditions of this Agreement and the Plan, the Option may be exercised only in accordance with Sections 6 and 7 below and shall remain exercisable until the “Expiration Date” set forth in the Grant Information.  Thereafter, the Option Holder shall cease to have any rights in respect thereof.

 

6.   Exercisability.  Subject to the Option Holder’s continued Service (as defined in the Plan) and the terms and conditions of this Agreement and the Plan, the Option shall vest and become exercisable according to the vesting schedule set forth in the Grant Information.

 

7.   Exercise of Option.  The Option may be exercised for all, or from time to time any part, of the Option Shares for which it is then exercisable.  The exercise date shall be the date the Company receives a written or electronic notice of exercise signed by the Option Holder (which the Committee may required to be delivered in electronic form pursuant to Section 16), specifying the whole number of Option Shares in respect of which the Option is being exercised, accompanied by (a) full payment for the Option Shares with respect to which the Option is exercised, in a manner acceptable to the Company (which, at the discretion of the Company, may include a broker assisted exercise arrangement), of the Option Price for the Option Shares for which the Option is being exercised, (b) payment by the Option Holder of all payroll, withholding or income taxes incurred in connection with the Option exercise (or arrangements for the collection or payment of such tax satisfactory to the Committee are made).  The purchase price for the Shares as to which the Option is exercised shall be paid to the Company in full at the time of exercise at the election of the Option Holder (i) in cash, (ii) in Shares having a Fair Market Value equal to the aggregate Option Price for the Shares being purchased and satisfying such other requirements as may be imposed by the Committee, (iii) partly in cash and partly in such Shares, (iv) through the delivery of irrevocable instructions to a broker to deliver promptly to the Company an amount equal to the aggregate Option Price for the Shares being purchased, or (v) through having Shares withheld by the Company from any Shares that would have otherwise been received by Option Holder.  Anything to the contrary herein notwithstanding, the Company shall not be obligated to issue any Option Shares hereunder if the issuance of the Option Shares would violate the provision of any applicable law, in which event the Company shall, as soon as practicable, take whatever action it reasonably can so that the Option Shares may be issued without resulting in such violations of law.

 

8.   Automatic Exercise.  To the extent that as of the “Automatic Exercise Date” (as defined below) (a) the Option has not previously been exercised to the maximum extent permitted in accordance with its terms and (b) the aggregate Fair Market Value of the unexercised Option on the Automatic Exercise Date less the aggregate Option Price of the unexercised Option equals or exceeds $100 (One Hundred Dollars) on the Automatic Exercise Date, the Option shall be deemed to have been exercised to the maximum extent possible in accordance with its terms.  The Option Holder authorizes the Company or its “Designated Broker” (i.e., the stock brokerage or other financial services firm designated or approved by the Company) to effect such exercise on the Automatic Exercise Date and, if such exercise will occur by means of a broker assisted cashless exercise the broker shall be directed to sell on behalf of the Option Holder, that number of Shares yielding a sufficient amount to pay the Company in satisfaction of the Option Price and applicable withholding taxes for the purchased Shares.  The Automatic Exercise Date shall be the Expiration Date; however, to the extent the Option is not exercisable on the Expiration Date because this date is a date the Nasdaq market system or principal stock exchange on which the Shares are then listed or admitted to trading is closed, the Automatic Exercise Date shall be the immediately preceding date on which the Shares are traded.

 

 

9.   Exercisability Upon Termination of Service by Death or Disability.  Upon a Termination of Service by reason of death or Disability, the Option may be exercised within one year following the date of death or Termination of Service due to Disability (subject to any earlier termination of the Option as provided in Section 5 herein), by the Option Holder in the case of Disability, or in the case of death, by the Option Holder’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but in any case only to the extent the Option Holder was entitled to exercise the Option on the date of his or her Termination of Service by death or Disability.  To the extent that the Option Holder was not entitled to exercise the Option at the date of his or her Termination of Service by death or Disability, or if he or she does not exercise the Option (which he or she was entitled to exercise) within the time specified herein, the Option shall terminate.  Notwithstanding anything to the contrary herein, the Committee may at any time and from time to time prior to the termination of the Option, with the consent of the Option Holder, extend the period of time during which the Option Holder may exercise his or her Option following the date of Termination of Service due to death or Disability; provided, however, that the maximum period of time during which the Option shall be exercisable following the date of Termination of Service due to death or Disability shall not exceed the original term of the Option and that notwithstanding any extension of time during which the Option may be exercised, the Option, unless otherwise amended by the Committee, shall only be exercisable to the extent the Option Holder was entitled to exercise the Option on the date of Termination of Service due to death or Disability.  Any such extension shall be designed to conform to the requirements of Section 409A of the Code so as to avoid the imposition of additional tax.

 

10. Effect of Other Termination of Service.  Upon a Termination of Service for any reason (other than death or Disability), the unexercised Option may thereafter be exercised during the period ending 90 days after the date of such Termination of Service (subject to any earlier termination of the Option as provided in Section 5 herein), but only to the extent to which the Option was vested and exercisable at the time of such Termination of Service.  Notwithstanding the foregoing, the Committee may, in its sole discretion, either by prior written agreement with the Option Holder or upon the occurrence of a Termination of Service, accelerate the vesting of unvested Options held by the Option Holder if the Option Holder’s Termination of Service is without “cause” (as such term is defined by the Committee in its sole discretion) by the Company.

 

11. Effect of Change of Control.  Subject to the terms this Section 11 and the Plan, in the event there occurs a Change of Control, the Option Holder shall have the right to exercise the Option from and after the date of the Change of Control, notwithstanding that such Option may not be fully exercisable or vested.

 

12. Adjustments Upon Certain Events.

 

(a)        Adjustments upon Changes in Capitalization. Subject to any required action by the shareholders of the Company and subject to Section 11 of the Plan, the number and type of Shares covered by this Agreement, as well as the exercise or purchase price, shall be proportionately adjusted for any increase or decrease in the number of issued Shares resulting from a stock split, reverse stock split or combination or the payment of a stock dividend (but only on the Company’s common shares) or reclassification of the Company’s common shares or any other increase or decrease in the number of issued Shares effected without receipt of consideration by the Company. Such adjustment shall be made by the Committee in its sole discretion, which adjustment shall be final, binding and conclusive.

 

(b)        Dissolution or Liquidation.  In the event of the dissolution or liquidation of the Company, other than pursuant to subsection (c) hereof in connection with a Reorganization, the Option shall terminate as of a date to be fixed by the Committee, provided that not less than 30 days written notice of the date so fixed shall be given to the Option Holder, subject to any applicable laws, and the Option Holder shall 

 

 

have the right during such period to exercise the Option as to all or any part of the Option Shares covered hereby as to which the Option would then be exercisable.

 

(c)        Reorganization.  In the event of a Reorganization in which the Company is not the surviving or acquiring company, or in which the Company is or becomes a wholly-owned subsidiary of another company or entity after the effective date of the Reorganization, then (i) if there is no plan or agreement respecting the Reorganization (“Reorganization Agreement”) or if the Reorganization Agreement does not specifically provide for the change, conversion or exchange of the Option Shares under outstanding unexercised Options for securities of another corporation, then the Option shall terminate as provided in subsection (b) hereof; or (ii) if there is a Reorganization Agreement and if the Reorganization Agreement specifically provides for the change, conversion or exchange of the Option Shares under outstanding or unexercised Options for securities, cash or property of another corporation or entity, then the Committee shall adjust the Option Shares under such outstanding unexercised Options (and shall adjust the Option Shares which are then available to be granted, if the Reorganization Agreement makes specific provisions therefor) in a manner not inconsistent with the provisions of the Reorganization Agreement for the adjustment, change, conversion or exchange of such stock and such Options.

 

13. Confidentiality and Non-Competition.

 

(a)        Confidentiality. During the period that Option Holder provides Services (as defined in the Plan) or engages in any other activity with or for the Company and for a two year period thereafter, Option Holder shall treat and safeguard as confidential and secret all Confidential Information (as defined in the Plan) received by Option Holder at any time. Without the prior written consent of the Company, except as required by law, Option Holder will not disclose or reveal any Confidential Information to any third party whatsoever or use the same in any manner except in connection with the businesses of the Company and its Subsidiaries. In the event that Option Holder is requested or required (by oral questions, interrogatories, requests for information or documents, subpoena, civil investigative demand or other process) to disclose (i) any Confidential Information or (ii) any information relating to his or her opinion, judgment or recommendations concerning the Company or its Subsidiaries as developed from the Confidential Information, Option Holder will provide the Company with prompt written notice of any such request or requirement so that the Company may seek an appropriate protective order or waive compliance with the provisions contained herein.  If, failing the entry of a protective order or the receipt of a waiver hereunder, Option Holder is, in the reasonable opinion of his or her counsel, compelled to disclose Confidential Information, Option Holder shall disclose only that portion and will exercise best efforts to obtain assurances that confidential treatment will be accorded such Confidential Information.

 

(b)        Non-Competition.

 

(i)         During the period that Option Holder provides Services to the Company or its Subsidiaries, and for a two-year period thereafter, the Option Holder shall not, without prior written consent of the Committee, do, directly or indirectly, any of the following:  (A) own, manage, control or participate in the ownership, management, or control of, or be employed or engaged by or otherwise affiliated or associated with, any other corporation, partnership, proprietorship, firm, association or other business entity, or otherwise engage in any business which competes with the business of the Company or any of its Subsidiaries (as such business is conducted during the term Option Holder provides Services to the Company or its Subsidiaries) in the geographical regions in which such business is conducted; provided, however, that the ownership of a maximum of one percent of the outstanding stock of any publicly traded corporation shall not violate this 

 

 

covenant; or (B) employ, solicit for employment or assist in employing or soliciting for employment any present, former or future employee, officer or agent of the Company or any of its Subsidiaries.

 

(ii)     In the event any court of competent jurisdiction should determine that the foregoing covenant of non-competition is not enforceable because of the extent of the geographical area or the duration thereof, then the Company and the Option Holder hereby petition such court to modify the foregoing covenant to the extent, but only to the extent, necessary to create a covenant which is enforceable in the opinion of such court, with the intention of the parties that the Company shall be afforded the maximum enforceable covenant of non-competition which may be available under the circumstances and applicable law.

 

(c)        Failure to Comply.  Option Holder acknowledges that remedies at law for any breach by him or her of this Section 13 may be inadequate and that the damages resulting from any such breach are not readily susceptible to being measured in monetary terms. Accordingly, Option Holder acknowledges that upon his or her violation of any provision of this Section 13, the Company will be entitled to immediate injunctive relief and may obtain an order restraining any threatened or future breach. Option Holder further agrees, subject to the proviso at the end of this sentence, that if he or she violates any provision of this Section 13, Option Holder shall immediately forfeit any rights under this Agreement (including any unexercised portion of the Option) and shall return any Shares held by Option Holder received upon the exercise of the Option granted under this Agreement, together with any proceeds from sales of any Shares received upon the exercise of the Option. Nothing in this Section 13 will be deemed to limit, in any way, the remedies at law or in equity of the Company, for a breach by Option Holder of any of the provisions of this Section 13.

 

(d)       Notice.  Option Holder agrees to provide written notice of the provisions of this Section 13 to any future employer of Option Holder, and the Company expressly reserves the right to provide such notice to Option Holder’s future employer(s).

 

(e)        Severability. If any provision or part of any provision of this Section 13 is held for any reason to be unenforceable, (i) the remainder of this Section 13 shall nevertheless remain in full force and effect and (ii) such provision or part shall be deemed to be amended in such manner as to render such provision enforceable.

 

14. Notice of Disqualifying Disposition of ISO Shares.  The Option Holder agrees that if he or she disposes of any Option Shares received pursuant to the exercise of an ISO within two (2) years after the Grant Date or within one (1) year after such Option Shares were transferred to Option Holder (the “Holding Period”), then Option Holder will notify the Committee of such disposition within thirty (30) days after the date of any such disposition and of the amount realized upon such disposition.

 

15. Qualification as an ISO.  If the Option granted to the Option Holder is designated as an ISO in the Grant Information, Option Holder understands that the Option is intended to qualify as an “incentive stock option” within the meaning of Section 422(b) of the Code.  Option Holder understands, further, that with respect to an ISO, the Option Price for the Option Shares has been set by the Committee at a price that the Committee has determined to be not less than 100% (or, if Option Holder owned at the time of grant more than 10% of the voting securities of the Company, 110%) of the Fair Market Value (as defined in the Plan) of the Option Shares on the Grant Date.

 

 

16. Electronic Delivery.  The Company may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan by electronic means.  The Option Holder hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an online or electronic system established and maintained by the Company or a third party designated by the Company.  The Option Holder hereby agrees that all on-line acknowledgements shall have the same force and effect as a written signature.

 

17. ISO Option Shares Retained with Broker Until Disposition.  If the Option granted to the Option Holder is designated as an ISO in the Grant Information, any Option Shares received under this Option will be deposited into an account established in the name of the Option Holder with the Company’s Designated Broker.  The Option Holder agrees to allow the Designated Broker to retain such Option Shares in the Option Holder’s account with the Company’s Designated Broker until the expiration of the Holding Period or, if earlier, the date the Option Holder sells or otherwise disposes of the Option Shares.

 

18. Lock Up Agreement.  The Option Holder agrees that upon request of the Company or the underwriters managing any underwritten offering of the Company’s securities, the Option Holder shall agree in writing that for a period of time (not to exceed 180 days) from the effective date of any registration of securities of the Company, the Option Holder will not sell, make any short sale of, loan, grant any option for the purchase of, or otherwise dispose of any Option Shares issued pursuant to the exercise of the Option, without the prior written consent of the Company or such underwriters, as the case may be.

 

19. Transfer of Shares.  The Option, the Option Shares, or any interest in either, may be sold, assigned, pledged, hypothecated, encumbered, or transferred or disposed of in any other manner, in whole or in part, only in compliance with the terms, conditions and restrictions as set forth in the governing instruments of the Company, applicable United States federal and state securities laws and the terms and conditions of this Agreement and the Plan.

 

20. Expenses of Issuance of Option Shares.  The issuance of stock certificates upon the exercise of the Option in whole or in part, shall be without charge to the Option Holder.  The Company shall pay, and indemnify the Option Holder from and against any issuance, stamp or documentary taxes (other than transfer taxes) or charges imposed by any governmental body, agency or official (other than income taxes) by reason of the exercise of the Option in whole or in part or the resulting issuance of the Option Shares.

 

21. Withholding.  No later than the date of transfer of the Option Shares pursuant to the exercise of the Option granted hereunder (and in any event no later than three days after Option exercise), the Option Holder shall pay to the Company or make arrangements satisfactory to the Committee in any manner permitted by the terms of the Plan regarding payment of any federal, state or local taxes of any kind required by law to be withheld upon the exercise of the Option and the Company shall, to the extent permitted or required by law, have the right to deduct from any payment of any kind otherwise due to the Option Holder, federal, state and local taxes of any kind required by law to be withheld upon the exercise of the Option.

 

22. References.  References herein to rights and obligations of the Option Holder shall apply, where appropriate, to the Option Holder’s legal representative or estate without regard to whether specific reference to such legal representative or estate is contained in a particular provision of this Option.

 

 

23. Notices.  Any notice required or permitted to be given under this Agreement shall be in writing and shall be deemed to have been given (a) when delivered if delivered in person, (b) three days after being sent by registered or certified mail, return receipt requested, postage prepaid, (c) one day after being sent for next business day delivery, fees prepaid, via a reputable nationwide overnight courier service, (d) on the date of confirmation of receipt of transmission by facsimile or (e) on the date of the notice being sent by e-mail at the e-mail address in the records of the Company, in each case to the intended recipient as set forth below (or to such other address, facsimile number, email address or individual as a party may designate by written notice to the other parties, except that notices of change of address shall be effective only upon receipt):

 

If to the Company:

 

Helen of Troy Limited

One Helen of Troy Plaza

El Paso, Texas 79912

Attn.: General Counsel

 

If to the Option Holder:

 

At the address last on the records of the Company or any Subsidiary.

 

24. Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of Texas applicable to contracts made and to be performed in the State of Texas without regard to conflict of laws principles.

 

25. Entire Agreement.  This Agreement and the Plan constitute the entire agreement among the parties relating to the subject matter hereof, and any previous agreement or understanding among the parties with respect thereto is superseded by this Agreement and the Plan.

 

26. Counterparts.  This Agreement may be executed (via written or electronic means) in two counterparts, each of which shall constitute one and the same instrument.

 

27. Conflict.  To the extent the provisions of this Agreement conflict with the terms and conditions of any written agreement between the Company and the Option Holder, the terms and conditions of such agreement shall control.

 

IN WITNESS WHEREOF, the undersigned is deemed to have executed this Agreement as of the Grant Date and Option Holder is deemed to have executed this Agreement as of the date of his or her acceptance of the grant on the Designated Broker’s website.

 

 

	
 
    	
HELEN OF TROY LIMITEDEXHIBIT 10.35

 

 

HELEN OF TROY LIMITED

2008 NON-EMPLOYEE DIRECTORS STOCK INCENTIVE PLAN

 

FORM OF RESTRICTED STOCK AGREEMENT

 

FOR GOOD AND VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, Helen of Troy Limited (the “Company”), a Bermuda company, hereby grants to [____________], a Director of the Company (the “Holder”), common shares, par value $0.10 per share of the Company (the “Shares”), which are subject to certain restrictions and to a risk of forfeiture upon the terms set forth in this restricted stock agreement (this “Restricted Stock Agreement”) and the associated grant award information (the “Grant Information”) maintained on website of the stock brokerage or such other financial services firm as may be designated by the Company (the “Designated Broker”) (collectively, this Restricted Stock Agreement and the Grant Information shall be referred to as the “Agreement”):

 

WHEREAS, the Holder has been granted the following award (the “Award”) in connection with his or her retention as a Director and as compensation for services to be rendered; and the following terms reflect the Company’s 2008 Non-Employee Directors Stock Incentive Plan (as amended from time to time, the “Plan”);

 

NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein, the parties hereto agree as follows:

 

1.                                    Defined Terms; Plan.  Terms used but not defined herein shall have the same meaning ascribed to such terms in the Plan.  This Agreement and the grant herein are subject to the terms and conditions herein and the terms and conditions of the applicable provisions of the Plan, the terms of which are incorporated herein by reference.

 

2.                                    Grant. The Holder is hereby granted [______] Shares pursuant to the Plan, subject to certain restrictions and a risk of forfeiture (the “Restricted Stock”).  The Restricted Stock is granted as of [______] (the “Grant Date”).

 

3.                                    Vesting of Award.  Subject to the terms and conditions of this Agreement and the Plan, the Restricted Stock will vest in accordance with the vesting schedule set forth in the Grant Information.

 

4.                                    Effect of Termination of Service; Forfeiture of Unvested Shares.  Subject to Section 9 below, the other terms and conditions of this Agreement, Sections 7(b)(iv) , 8(c)  of the Plan and the other terms and conditions of the Plan, notwithstanding Section 3 above, upon a Termination of Service (as defined in the Plan) for any reason prior to the vesting of the Restricted Shares, the unvested Restricted Stock shall be immediately forfeited.

 

5.                                    Registration of Restricted Stock; Certificates. The Restricted Stock shall be registered in the name of the Holder and shall be issued in certificated form or any other form approved by the Company. If the Restricted Stock is certificated, each certificate representing the Restricted Stock shall be dated as of the Grant Date, registered in the Holder’s name or the name of the Holder’s nominee, and bear an appropriate legend referring to the terms, conditions and restrictions applicable to the Restricted Stock.

 

 

6.                                    Rights of a Shareholder. The Holder shall have all of the rights of a shareholder including, without limitation, the right to vote Restricted Stock and the right to receive dividends thereon.

 

7.                                    Nontransferability.  Prior to vesting, the Restricted Stock shall not be transferable by the Holder otherwise than by will or by the laws of descent and distribution.  Notwithstanding anything to the contrary herein, the Committee, in its sole discretion, shall have the authority to waive the requirements of this Section 7 and Section 19 of the Plan or any part hereof or thereof that is not required under the rules promulgated under any law, rule or regulation applicable to the Company.

 

8.                                    Transfer of Shares.  The vested Shares delivered hereunder, or any interest therein , may be sold, assigned, pledged, hypothecated, encumbered, or transferred or disposed of in any other manner, in whole or in part, only in compliance with the terms, conditions and restrictions as set forth in the governing instruments of the Company, applicable United States federal and state securities laws or any other applicable laws or regulations and the terms and conditions of this Agreement and the Plan.

 

9.                                    Effect of Change of Control.  Subject to the terms this Section 9 and the Plan, in the event there occurs a Change of Control, any and all restrictions on the Holder’s Restricted Stock shall lapse and such Restricted Stock shall immediately vest in the Holder, notwithstanding that the Restricted Stock was unvested.

 

10.                            Confidentiality.

 

(a)         During the period that Holder provides Services (as defined in the Plan) or engages in any other activity with or for the Company and for a two year period thereafter, Holder shall treat and safeguard as confidential and secret all Confidential Information (as defined in the Plan) received by Holder at any time. Without the prior written consent of the Company, except as required by law, Holder will not disclose or reveal any Confidential Information to any third party whatsoever or use the same in any manner except in connection with the businesses of the Company and its Subsidiaries. In the event that Holder is requested or required (by oral questions, interrogatories, requests for information or documents, subpoena, civil investigative demand or other process) to disclose (i) any Confidential Information or (ii) any information relating to his or her opinion, judgment or recommendations concerning the Company or its Subsidiaries as developed from the Confidential Information, Holder will provide the Company with prompt written notice of any such request or requirement so that the Company may seek an appropriate protective order or waive compliance with the provisions contained herein. If, failing the entry of a protective order or the receipt of a waiver hereunder, Holder is, in the reasonable opinion of his or her counsel, compelled to disclose Confidential Information, Holder shall disclose only that portion and will exercise best efforts to obtain assurances that confidential treatment will be accorded such Confidential Information.

 

(b)        Holder acknowledges that remedies at law for any breach by him or her of Section 10(a)  may be inadequate and that the damages resulting from any such breach are not readily susceptible to being measured in monetary terms. Accordingly, Holder acknowledges that upon his or her violation of any provision of Section 10(a) , the Company will be entitled to immediate injunctive relief and may obtain an order restraining any threatened or future breach. Holder further agrees, subject to the proviso at the end of this sentence, that if he or she violates any provisions of Section 10(a) , Holder shall immediately forfeit any rights under this Agreement and shall return any Shares held by Holder received upon the vesting of Shares underlying the Award granted under this Agreement, together with any proceeds from sales of any Shares received upon the vesting of Shares underlying the Award. Nothing in this Section 10 will be deemed to limit, in any way, the remedies at law or in equity of the Company, for a breach by Holder of any of the provisions of Section 10(a).

 

 

(c)         If any provision or part of any provision of Section 10 is held for any reason to be unenforceable, (i) the remainder of this Section 10 shall nevertheless remain in full force and effect and (ii) such provision or part shall be deemed to be amended in such manner as to render such provision enforceable.

 

11.                            Lock Up Agreement.  The Holder agrees that upon request of the Company or the underwriters managing any underwritten offering of the Company’s securities, the Holder shall agree in writing that for a period of time (not to exceed 180 days) from the effective date of any registration of securities of the Company, the Holder will not sell, make any short sale of, loan, grant any option for the purchase of, or otherwise dispose of any Restricted Stock that may vest during such period of time, without the prior written consent of the Company or such underwriters, as the case may be.

 

12.                            Electronic Delivery.  The Company may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan by electronic means.  The Holder hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an online or electronic system established and maintained by the Company or a third party designated by the Company.  The Holder hereby agrees that all on-line acknowledgements shall have the same force and effect as a written signature.

 

13.                            Expenses of Issuance of Shares.  The issuance of stock certificates representing the Shares, in whole or in part, shall be without charge to the Holder.  The Company shall pay, and indemnify the Holder from and against any issuance, stamp or documentary taxes (other than transfer taxes) or charges imposed by any governmental body, agency or official (other than income taxes) or by reason of the issuance of shares hereunder.

 

14.                            References. References herein to rights and obligations of the Holder shall apply, where appropriate, to the Holder’s legal representative or estate without regard to whether specific reference to such legal representative or estate is contained in a particular provision of this Agreement.

 

15.                            Notices.  Any notice required or permitted to be given under this Agreement shall be in writing and shall be deemed to have been given (a) when delivered if delivered in person, (b) three days after being sent by registered or certified mail, return receipt requested, postage prepaid, (c) one day after being sent for next business day delivery, fees prepaid, via a reputable nationwide overnight courier service, (d) on the date of confirmation of receipt of transmission by facsimile or (e) on the date of the notice being sent by e-mail at the e-mail address in the records of the Company, in each case to the intended recipient as set forth below (or to such other address, facsimile number, email address or individual as a party may designate by notice to the other parties except that notices of change of address shall be effective only upon receipt):

 

If to the Company:

 

Helen of Troy Limited

One Helen of Troy Plaza

El Paso, TX 79912

Attn.: General Counsel

 

If to the Holder:

 

At the address last on the records of the Company or any Subsidiary.

 

 

16.                            Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of Texas applicable to contracts made and to be performed in the State of Texas without regard to conflict of laws principles.

 

17.                            Entire Agreement.  This Agreement and the Plan constitute the entire agreement among the parties relating to the subject matter hereof, and any previous agreement or understanding among the parties with respect thereto is superseded by this Agreement and the Plan.

 

18.                            Counterparts.  This Agreement may be executed (via written or electronic means) in two counterparts, each of which shall constitute one and the same instrument.

 

19.                            Conflict.  To the extent the provisions of this Agreement conflict with the terms and conditions of any written agreement between the Company and the Holder, the terms and conditions of such agreement shall control.

 

IN WITNESS WHEREOF, the undersigned is deemed to have executed this Agreement as of the Grant Date and the Holder is deemed to have executed this Agreement as of the date of his or her acceptance of the grant on the Designated Broker’s website.

 

 

	
 
    	
HELEN OF TROY LIMITED

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00216-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00216-of-00352.parquet"}]]