Document:

EXHIBIT 10.2

						
	 	  	 ̈	 	  	Recipient’s Copy
	 	  	 ̈	 	  	Company’s Copy

  
 EXHIBIT 10.2 
  
 FTI
CONSULTING, INC. 2004 LONG-TERM INCENTIVE PLAN 
  
 RESTRICTED STOCK AGREEMENT 
  
 To Dennis J. Shaughnessy: 
  
 FTI Consulting, Inc., a Maryland corporation (the “Company”), has granted you an award (the “Award”) of
152,517 restricted shares (the “Award Shares”) of the Company’s common stock, $0.01 par value (the “Common Stock”), under the FTI Consulting, Inc. 2004 Long-Term Incentive Plan, as amended from
time to time (the “Plan”), conditioned upon your agreement to the terms and conditions described below. The effective Grant Date will be October 18, 2004, subject to your promptly signing and returning a copy of
this Agreement (as defined below) to the Company and delivering to the Company a stock power, endorsed in blank, with respect to the Award Shares. 
  
 This Agreement (the “Agreement”) evidences the Award of the Award Shares. The Award is subject in all respects to and incorporates
by reference the terms and conditions of the Plan and any terms and conditions relating to Award Shares or this Award contained in the written employment agreement dated as of September 20, 2004 (the “Employment Agreement”),
if any, between you and the Company or an Affiliate of the Company for which you perform services, as applicable (the “Employer”), and specifies other applicable terms and conditions of your Award Shares. By executing this
Agreement, you acknowledge that you have received a copy of the Plan and the Prospectus for the Plan (as amended from time to time, the “Prospectus”). You may request additional copies of the Plan or Prospectus by contacting
the Secretary of the Company at FTI Consulting, Inc., 900 Bestgate Road, Suite 100, Annapolis, Maryland 21401 (Phone: (410) 224-8770). You also may request from the Secretary of the Company copies of the other documents that make up a part of the
Prospectus (described more fully at the end of the Prospectus), as well as all reports, proxy statements and other communications distributed to the Company’s security holders generally. This Agreement and the Award of the Award Shares are made
in consideration of your employment with the Company and in fulfillment of applicable terms of your Employment Agreement, if any. 
  
 1. Terminology; Conflicts. The Glossary at the end of this Agreement includes definitions of capitalized words used in this Agreement that are not
defined elsewhere in this Agreement, the Plan or the Employment Agreement. Unless otherwise specifically provided in this Agreement, in the event of any conflict, ambiguity or inconsistency between or among any defined term in this Agreement, the
Plan or your Employment Agreement, the provisions of, first, the Plan, second, the Employment Agreement, and lastly, this Agreement, will control in that order of priority.  
  
 2. Employment Agreement. All of the Award Shares are nonvested and forfeitable as of the Grant Date. The Award Shares
are granted subject to the forfeiture, vesting and other 

  

 
provisions specifically set forth in the Employment Agreement. Unless otherwise specifically provided in this Agreement, in the event of a conflict,
inconsistency or ambiguity between or among any term or condition of this Agreement, the Plan or your Employment Agreement, the provisions of, first, the Plan, second, the Employment Agreement, and lastly, this Agreement, will control in that order
of priority, except in the case of Section 14 of this Agreement which will control in all cases. Notwithstanding anything to the contrary, the Award and the Award Shares will be subject to and bound by all terms and conditions in this Agreement and
the Plan not specifically covered by or contrary to the effective Employment Agreement. 
  
 3. Terms and Conditions Not Specifically Set Forth in the Employment Agreement. Absent an employment agreement or terms and conditions to the contrary in your Employment Agreement, the following terms and
conditions will apply: 
  
 (a) Vesting.
Your Award Shares shall be subject to the forfeiture and vesting provisions marked with an x below: 
  

	 	i.	 ̈ All of the Award Shares are nonvested and forfeitable as of the Grant
Date. So long as your Service with the Company or an Affiliate of the Company continues through the applicable date upon which vesting is scheduled to occur, 20% of the Award Shares will vest and become nonforfeitable on each anniversary of the
Grant Date, such that 100% of the Award Shares will be vested and nonforfeitable on the fifth anniversary of the Grant Date. None of the Award Shares will become vested and nonforfeitable after your Service with the Company and its Affiliates ceases
unless this Agreement provides to the contrary. 

  

	 	ii.	 ̈ All of the Award Shares are nonvested and forfeitable as of the Grant
Date. So long as your Service with the Company or an Affiliate of the Company continues through the applicable date upon which vesting is scheduled to occur,     % of the Award Shares will vest and become nonforfeitable on
the      year anniversary of the Grant Date, and the remaining     % of the Award Shares will vest and become nonforfeitable on the      year anniversary of the Grant
Date. None of the Award Shares will become vested and nonforfeitable after your Service with the Company and its Affiliates ceases unless this Agreement provides to the contrary. 

  

	 	iii.	 ̈ All of the Award Shares are nonvested and forfeitable as of the Grant
Date. So long as your Service with the Company or an Affiliate of the Company continues through
                                ,
             (the “Vesting Date”), all of your Award Shares will vest and become nonforfeitable on the Vesting Date. None of the Award Shares will become
vested and nonforfeitable after your Service with the Company and its Affiliates ceases unless this Agreement provides to the contrary. 

  

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 (b) Acceleration of Vesting. All outstanding Award Shares will become fully vested
and nonforfeitable upon the earliest of: 
  

	 	i.	the occurrence of a Change in Control (such vesting will be deemed to occur immediately before such Change in Control), 

  

	 	ii.	termination of your Service by the Company or your Employer without Cause, 

  

	 	iii.	termination of your Service by you with Good Reason, 

  

	 	iv.	your death, or 

  

	 	v.	your Total and Permanent Disability. 

  
 (c) Termination of Service. If your Service with the Company and its Affiliates ceases due to termination (i) by the Company or
your Employer for Cause, or (ii) by you without Good Reason, all Award Shares that are not then vested and nonforfeitable will be immediately forfeited for no consideration. If your Service with the Company and its Affiliates ceases for any other
reason, the Award Shares will remain in full effect. 
  
 4.
Restrictions on Transfer. You may not sell, assign, transfer, pledge, hypothecate, encumber or dispose of in any way (whether by operation of law or otherwise) any unvested Award Shares, and unvested Award Shares may not be subject to
execution, attachment or similar process. The Company will not be required to recognize on its books any action taken in contravention of these restrictions. 
  
 5. Stock Certificates. 
  
 (a) Unvested Shares. You are reflected as the owner of record of the Award Shares on the Company’s books. The Company will
hold the share certificates for safekeeping, or otherwise retain the Award Shares in uncertificated book entry form, until the Award Shares become vested and nonforfeitable, and any share certificates (or electronic delivery) representing such
unvested shares will include a legend to the effect that you may not sell, assign, transfer, pledge, or hypothecate the Award Shares. You must deliver to the Company, as soon as practicable after the Grant Date, a stock power, endorsed in blank,
with respect to the Award Shares. If you forfeit any Award Shares, the stock power will be used to return the certificates for the forfeited Award Shares to the Company’s transfer agent for cancellation. 
  
 (b) Vested Shares. As soon as practicable after the
Award Shares vest, the Company will deliver a share certificate to you, or deliver shares electronically or in certificate form to your designated broker on your behalf. If you are deceased at the time that a delivery of share certificates is to be
made, the certificates will be delivered to your executor, administrator, or personal representative. 
  
 (c) Legends. Any share certificates delivered or Award Shares delivered electronically will, unless the Award Shares are registered
and such registration is in effect, or an 

  

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exemption from registration is available, under applicable federal and state law, bear a legend (or electronic notation) restricting transferability of such
Award Shares. 
  
 (d) Postponement of
Delivery. The Company may postpone the issuance and delivery of any Award Shares for so long as the Company determines to be necessary or advisable to satisfy the following: 
  

	 	i.	the completion or amendment of any registration of the Award Shares or satisfaction of any exemption from registration under any securities law, rule, or regulation; and

  

	 	ii.	compliance with any requests for representations. 

  
 6. Taxation. 
  
 (a) Tax Withholding. By signing this Agreement, you authorize your Employer and the Company, except as provided below, to
deduct from any compensation or any other payment of any kind due you the amount of any federal, state, local or foreign taxes required by law to be withheld as a result of the grant or vesting of the Award Shares in whole or in part. The Company
agrees that it will, upon your request, permit you to satisfy, in whole or in part, the Company’s minimum statutory withholding tax obligation (based on minimum rates for federal and state law purposes, including payroll taxes) which may arise
in connection with the Award either by electing to have the Company withhold the issuance of, or redeem, shares of Common Stock or by electing to deliver to the Company already-owned shares of Common Stock of the Company, in either case having a
Fair Market Value equal to the amount necessary to satisfy the statutory minimum withholding amount due. If you do not make provision for the payment of such taxes when requested, the Company may refuse to issue any Common Stock certificate under
this Agreement until arrangements satisfactory to the Committee have been made. 
  
 (b) Tax Election. You are advised to seek independent tax advice from your own advisors regarding the availability and advisability
of making an election under Section 83(b) of the Internal Revenue Code of 1986, as amended. Any such election, if made, must be made within 30 days of the Grant Date. You expressly acknowledge that you are solely responsible for filing any
such Section 83(b) election with the appropriate governmental authorities, irrespective of the fact that such election is also delivered to your Employer or the Company. You may not rely on your Employer, the Company or any of their respective
officers, directors or employees for tax or legal advice regarding this Award. You acknowledge that you have sought tax and legal advice from your own advisors regarding this Award or have voluntarily and knowingly foregone such consultation.

  
 7. Adjustments for Corporate Transactions and Other
Events. 
  
 (a) Stock Dividend, Stock
Split and Reverse Stock Split. Upon a stock dividend of, or stock split or reverse stock split affecting, the Common Stock, the number of Award Shares and the number of such Award Shares that are nonvested and forfeitable will, without
further action of the Committee, be adjusted to reflect such event. The Committee may make adjustments, in its discretion, to address the treatment of fractional shares with respect to 

  

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the Award Shares as a result of the stock dividend, stock split or reverse stock split. Adjustments under this Section 7 will be made by the Committee, whose
determination as to what adjustments, if any, will be made and the extent thereof will be final, binding and conclusive. No fractional Award Shares will result from any such adjustments. 
  
 (b) Binding Nature of Agreement. The terms and conditions of this Agreement will apply with equal
force to any additional and/or substitute securities received by you in exchange for, or by virtue of your ownership of, the Award Shares, whether as a result of any spin-off, stock split-up, stock dividend, stock distribution, other
reclassification of the Common Stock of the Company, or other similar event, except as otherwise determined by the Committee. If the Award Shares are converted into or exchanged for, or stockholders of the Company receive by reason of any
distribution in total or partial liquidation or pursuant to any merger of the Company or acquisition of its assets, securities of another entity, or other property (including cash), then the rights of the Company under this Agreement will inure to
the benefit of the Company’s successor, and this Agreement will apply to the securities or other property received upon such conversion, exchange or distribution in the same manner and to the same extent as the Award Shares. 
  
 8. Non-Guarantee of Employment or Service Relationship. Nothing in the
Plan or this Agreement alters your at-will or other employment status pursuant to your Employment Agreement, if applicable, or other service relationship with your Employer and the Company. This Agreement is not to be construed as a contract of
employment or service relationship between the Company or any of its subsidiaries and you, nor as a contractual right of you to continue in the employ of, or in a service relationship with, the Company or any of its subsidiaries for any period of
time. This Agreement does not limit in any manner the right of your Employer or the Company to discharge you at any time with or without cause or notice and whether or not such discharge results in the forfeiture of any Award Shares or any other
adverse effect on your interests under the Plan, subject to the terms of your Employment Agreement, if applicable. 
  
 9. Rights as Stockholder. As the owner of record of Award Shares, you are entitled to all rights of a stockholder of the Company, including the
right to vote the Award Shares, except that you will not have any right to cash dividends or other distributions declared or paid with respect to nonvested and forfeitable Award Shares. All cash dividends and any other distributions paid with
respect to nonvested Award Shares will be held by the Company in trust for your benefit and paid to you upon vesting of the Award Shares. Upon forfeiture of any Award Shares, any cash dividends and distributions then held in trust with respect to
such shares will be forfeited and will be returned to the Company. 
  
 10. The Company’s Rights. The existence of the Award Shares does not affect in any way the right or power of the Company or its stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or
other changes in the Company’s capital structure or its business, including that of its subsidiaries, or any merger or consolidation of the Company or any Affiliate, or any issue of bonds, debentures, preferred or other stocks with preference
ahead of or convertible into, or otherwise affecting the Common Stock or the rights thereof, or the dissolution or liquidation of the Company or any Affiliate, or any sale or transfer of all or any part of the Company’s or any Affiliate’s
assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise. 
  

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 11. Entire Agreement. This Agreement, inclusive of the Plan and the terms of the Employment
Agreement incorporated into this Agreement, contains the entire agreement between you, your Employer and the Company with respect to the Award Shares. Any and all existing oral or written agreements, representations, warranties, written inducements,
or other communications made prior to the execution of this Agreement by any person with respect to the Award or the Award Shares are superseded by this Agreement and are void and ineffective for all purposes. 
  
 12. Conformity with Plan. This Agreement is intended to conform in all
respects with, and is subject to all applicable provisions of, the Plan. In the event of any ambiguity in this Agreement or any matters as to which this Agreement is silent, the Plan will govern. 
  
 13. Amendment. This Agreement may be amended from time to time by the
Committee in its discretion; provided, however, that this Agreement may not be modified in a manner that would have a materially adverse effect on the Award Shares as determined in the discretion of the Committee, except as provided in
the Plan, the Employment Agreement or in any other written document signed by you and the Company. 
  
 14. Governing Law. The validity, construction and effect of this Agreement, and of any determinations or decisions made by the Committee relating
to this Agreement, and the rights of any and all persons having or claiming to have any interest under this Agreement, will be determined exclusively in accordance with the laws of the State of Maryland, without regard to its provisions concerning
the applicability of laws of other jurisdictions. Any suit with respect to the Award or the Award Shares will be brought in the federal or state courts in the districts which include Baltimore, Maryland, and you agree and submit to the personal
jurisdiction and venue thereof. 
  
 15. Headings. Section
headings are used in this Agreement for convenience of reference only and shall not affect the meaning of any provision of this Agreement. 
  
 16. Counterparts. This Agreement may be executed in counterparts (including electronic signatures or facsimile copies), each of which will be
deemed an original, but all of which together will constitute the same instrument. 
  
 {The Glossary follows on the next page.} 
  

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 GLOSSARY 
  

(a) “Affiliate” means any entity, whether now or hereafter existing, which controls, is controlled by, or is under common
control with, the Company (including, but not limited to, joint ventures, limited liability companies, and partnerships), as determined by the Committee. 
  
 (b) “Cause” has the meaning ascribed to such term or words of similar import in your Employment Agreement, if applicable, and, in
the absence of an effective Employment Agreement, means (i) fraud on or misappropriation of any funds or property of the Company, an Affiliate, customer or client, (ii) your breach of any provision of any employment, non-disclosure, non-competition,
non-solicitation, assignment of inventions, or other similar agreement executed by you for the benefit of the Company and its Affiliates, (iii) dishonesty, or (iv) willful misconduct in connection with your duties or responsibilities or otherwise,
gross negligence in the performance of your duties or responsibilities, each as determined in good faith by the Company, which determination is conclusive. 
  
 (c) “Change in Control” has the meaning ascribed to such term or words of similar import in your Employment Agreement, if
applicable, and, in the absence of an effective Employment Agreement, means: (1) the acquisition (other than from the Company) in one or more transactions by any Person of the beneficial ownership (within the meaning of Rule 13d-3 promulgated under
the Exchange Act) of 50% or more of (A) the then outstanding shares of the securities of the Company, or (B) the combined voting power of the then outstanding securities of the Company entitled to vote generally in the election of directors (the
“Company Voting Stock”); (2) the closing of a sale or other conveyance of all or substantially all of the assets of the Company; or (3) the effective time of any merger, share exchange, consolidation, or other business
combination involving the Company if immediately after such transaction persons who hold a majority of the outstanding voting securities entitled to vote generally in the election of directors of the surviving entity (or the entity owning 100% of
such surviving entity) are not persons who, immediately prior to such transaction, held the Company Voting Stock. 
  
 (d) “Committee” means the Compensation Committee of the Board (or any successor Board committee as may be designated by the Board
from time to time), comprised of directors who are independent directors as defined in the New York Stock Exchange’s Listed Company Manual and who are “non-employee directors” within the meaning of Rule 16b-3 promulgated
by the Securities and Exchange Commission under the Exchange Act. 
  
 (e) “Company” means FTI Consulting, Inc., a Maryland corporation 
  
 (f) “Exchange Act” means the Securities Exchange Act of 1934, as amended, and any successor thereto. 
  
 (g) “Good Reason” has the meaning ascribed to such
term or words of similar import in your Employment Agreement, if applicable, and, in the absence of an effective employment agreement, means any of the following, if not cured and corrected by your Employer, the Company or its successor within 10
business days after written notice thereof by 

  

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you to your Employer, the Company or its successor: (i) any substantial reduction in annualized base salary that is not otherwise offset by increased bonus
opportunity or equity-based compensation or other incentive compensation opportunity, (other than for “Cause,” a change due to your Total and Permanent Disability or as an accommodation under the Americans With Disabilities Act, or
otherwise by agreement of you and your Employer or the Company); or (ii) any requirement that you relocate, by more than 50 miles, the principal location from which you perform services for your Employer or the Company; provided, however, that no
reduction in annualized base salary will be deemed to occur solely because you have requested or otherwise agreed to a change in status, including, but not limited to, less than full-time employment, a leave of absence, job-sharing or a consulting
or independent contractor relationship. 
  
 (h)
“Person” means any individual, entity or group within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act, other than employee benefit plans sponsored or maintained by the Company or by entities controlled by the
Company. 
  
 (i) “Service” means your
employment or other service relationship with the Company or your Employer so long as your Employer is an Affiliate of the Company, except that if you cease to be a “common law employee” of the Company or any of its Affiliates but you
continue to provide bona fide services to the Company or any of its Affiliates following such cessation in a different capacity, including without limitation as a director, consultant or independent contractor, then a termination of your employment
or service relationship will not be deemed to have occurred for purposes of this Agreement upon such change in capacity. In the event that your employment or service relationship is with a business, trade or entity that, after the Grant Date, ceases
for any reason to be part of the Company or an Affiliate, your employment or service relationship will be deemed to have terminated for purposes of this Agreement upon such cessation if your employment or service relationship does not continue
uninterrupted immediately thereafter with the Company or an Affiliate of the Company. 
  
 (j) “Total and Permanent Disability” has the meaning ascribed to such term or words of similar import in your Employment Agreement, if applicable, and, in the absence of an effective Employment
Agreement, means the inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in your death or which has lasted or can be expected to last for a
continuous period of not less than twelve months. The Committee may require such proof of Total and Permanent Disability as the Committee in its sole discretion deems appropriate and the Committee’s good faith determination as to whether and
when you are totally and permanently disabled will be final and binding on all parties concerned. 
  
 (k) “You”; “Your”. You means the recipient of the Award Shares as reflected in the first paragraph of this
Agreement. Whenever the word “you” or “your” is used in any provision of this Agreement under circumstances where the provision should logically be construed, as determined by the Committee, to apply to the estate, personal
representative, or beneficiary to whom the Award Shares may be transferred by will or by the laws of descent and distribution, the words “you” and “your” will be deemed to include such person. 
  
 {The signature page follows.}

  

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 IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly authorized officer
as of this 18th day of October, 2004. 
  

			
	 FTI CONSULTING, INC.

		
	 By:
	 	 /S/ THEODORE I. PINCUS

	
	 Date: October 18, 2004

  
 The undersigned
hereby acknowledges that he/she has carefully read this Agreement and agrees to be bound by all of the provisions set forth herein. 
  

					
	 WITNESS
	 	 	 	 AWARD RECIPIENT

			
	 /S/ CHERYL J. MEEKS
	 	 	 	 /S/ DENNIS J. SHAUGHNESSY

			
	 	 	 	 	 Date: October 18, 2004

  

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 STOCK POWER 
  
 FOR VALUE RECEIVED, the undersigned,
                    , hereby sells, assigns and transfers unto FTI Consulting, Inc., a Maryland corporation (the “Company”), or its
successor,              shares of common stock, par value $.01 per share, of the Company standing in my name on the books of the Company, represented by Certificate No.
    , or as otherwise documented in the stock ledger for the Company, and hereby irrevocably constitutes and appoints Jack B. Dunn IV and Theodore I. Pincus, or any one of them, as my attorney-in-fact to transfer the said
stock on the books of the Company with full power of substitution in the premises. 
  

							
	 WITNESS:
	 	 	 	 
			
	/s/ Cheryl J. Meeks	 	 	 	 /s/ Dennis J. Shaughnessy

				
	 	 	 	 	 Dated:
	 	    October 18, 2004EXHIBIT 10.3

					
	 	 	 ̈	  	Optionee’s Copy
	 	 	 ̈	  	Company’s Copy

  
 EXHIBIT 10.3 
  
 FTI
CONSULTING, INC. 2004 LONG-TERM INCENTIVE PLAN 
 INCENTIVE STOCK OPTION AGREEMENT 
  
 To Dennis J. Shaughnessy (“Optionee”): 
  
 FTI Consulting, Inc. (the “Company”) has granted (the “Award”) you an option (the “Option”) under the FTI Consulting, Inc. 2004 Long-Term
Incentive Plan, as amended from time to time (the “Plan”), to purchase 200,000 shares of the common stock, $0.01 par value (“Common Stock”) of the Company (the “Shares”), at
19.67 (Nineteen Dollars and 67 Cents) per share (the “Exercise Price”). The effective Date of Grant will be October 18, 2004, subject to your signing and promptly returning a copy of this Agreement (as defined
below) to the Company. 
  
 This agreement (the
“Agreement”) evidences the grant of the Option. The Award is subject in all respects to and incorporates by reference the terms and conditions of the Plan and any terms and conditions relating to the Option or this Award
contained in the written employment agreement dated as of September 20, 2004 (the “Employment Agreement”), between you and the Company, and specifies other applicable terms and conditions of your Option. A copy
of the Plan and the Prospectus for the Plan, as amended from time to time (the “Prospectus”), is attached. By executing this Agreement, you acknowledge that you have received a copy of the Plan and the Prospectus for the
Plan, as amended from time to time (the “Prospectus”). You may request additional copies of the Plan or Prospectus by contacting the Secretary of the Company at FTI Consulting, Inc., 900 Bestgate Road, Suite 100, Annapolis,
Maryland 21401 (Phone: (410) 224-8770). You also may request from the Secretary of the Company copies of the other documents that make up a part of the Prospectus (described more fully at the end of the Prospectus), as well as all reports, proxy
statements and other communications distributed to the Company’s security holders generally. This Agreement and the Award of the Option for the Shares are made in consideration of your employment with the Company and in fulfillment of
applicable terms of your Employment Agreement. 
  
 All terms not
defined by this Agreement have the meanings given in the Plan. The Option is intended to be an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the
“Code”), to the fullest extent permitted by that Section. The Company, however, does not warrant any particular tax consequences of the Option. Any portion of the Option that exceeds the statutory limit under Code Section 422
will be treated as a nonstatutory stock option. 
  
 In addition to
the terms, conditions, and restrictions set forth in the Plan, the following terms, conditions, and restrictions apply to the Option: 
  

	(1)	You may not exercise the Option before October 18, 2004, except as otherwise provided below. 

  

	 	a.	Thereafter, except as provided otherwise in this Agreement, you may exercise the Option to purchase Shares as follows: 

  

	 	i.	Up to One-Third (1/3) of the Shares on or after October 18, 2004; 

  

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	 	ii.	Up to Two-Thirds (2/3) of the Shares on or after October 18, 2005; and 

  

	 	iii.	All of the Shares on or after October 18, 2006, for a total of 200,000 Shares. 

  

	 	b.	The Option will expire at 5:00 p.m. Eastern Time on October 18, 2014. 

  

	 	c.	The Committee may, in its sole discretion, accelerate the time at which you may exercise part or all of the Option. 

  

	 	d.	The Option will become exercisable in full immediately before the occurrence of a Change in Control, as defined in the Plan. 

  

	 	e.	The Option will become exercisable in full upon your death. 

  

	 	f.	If you terminate employment due to your Total and Permanent Disability (as hereafter defined), your Option will continue to become exercisable as provided above for an additional
twelve (12) months following your termination. For purposes of this Agreement, “Total and Permanent Disability” has the meaning ascribed to such term or words of similar import in your Employment Agreement, if applicable,
and, in the absence of an effective Employment Agreement, means the inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in your death or which
has lasted or can be expected to last for a continuous period of not less than twelve months. The Committee may require such proof of Total and Permanent Disability as the Committee in its sole discretion deems appropriate and the Committee’s
good faith determination as to whether and when you are totally and permanently disabled will be final and binding on all parties concerned. 

  

	 	g.	You may exercise the Option only in multiples of whole Shares and may not exercise the Option as to fewer than one hundred shares (unless the Option is then exercisable for fewer
than one hundred Shares) at any one time. At the time of exercise, the Company will round down any fractional shares but will not make any cash or other payments in settlement of fractional shares eliminated by rounding. 

  

	(2)	Subject to this Agreement and the Plan, you may exercise the Option only by notice to the Company, in such form and manner as the Committee may require, on or before the
Option’s expiration date or earlier forfeiture. Each such notice must: 

  

	 	a.	state the election to exercise the Option and the number of Shares with respect to which it is being exercised; 

  

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	 	b.	contain such representations as the Company may require; and 

  

	 	c.	be accompanied by full payment of the Exercise Price payable for the Shares or properly executed, irrevocable instructions, in such manner and form as the Committee may require, to
effectuate a broker-assisted cashless exercise through a brokerage firm acceptable to the Committee. The Exercise Price may be paid to the Company via cash, check, money order or wire transfer, and subject to such limits as the Committee may impose
from time to time, tender (via actual delivery or attestation) of other shares of the Company’s Common Stock previously owned by you. 

  
 For all purposes of the Plan, the date of exercise will be the date on which you have delivered the notice and any required payment (or, in the case of a
broker-assisted cashless exercise, irrevocable broker instructions acceptable to the Committee) to the Company. 
  

	(3)	You agree to give prompt notice to the Company if you dispose of any Shares acquired upon exercise of the Option within one (1) year after you acquire them or within two (2) years
after the Date of Grant. 

  

	(4)	You will forfeit any unexercised portions of the Option upon either your resignation or the termination of your employment or service relationship with the Company or its Affiliate
for any reason unless (i) you terminate due to death or Total and Permanent Disability, (ii) the Committee determines otherwise at any time, or (iii) your Employment Agreement in effect at the time at issue, if any, provides otherwise.

  

	 	a.	If you terminate due to death, your Option will remain exercisable for twelve (12) months after the date of your death, and any unexercised portions will be forfeited thereafter.

  

	 	b.	If you terminate due to your Total and Permanent Disability, your Option will remain exercisable for twelve (12) months after the date of your termination due to Total and Permanent
Disability, or five (5) business days after the latest date that your Option becomes exercisable during those twelve (12) months, if later, and any unexercised portions will be forfeited thereafter. 

  

	 	c.	 If you cease to be a “common law employee” of the Company or any of its Affiliates but you continue to provide bona fide services to the Company or any of
its Affiliates following such cessation in a different capacity, including without limitation as a director, consultant or independent contractor, then a termination of your employment or service relationship will not be deemed to have occurred for
purposes of this Agreement upon such change in capacity. However, the Option will not be treated as an “incentive stock option” within the meaning of Code Section 422 with respect to any exercise that occurs more than three (3) months
after such cessation of the common law employee relationship (except as otherwise permitted under Code 

  

 3 

	 	 
Section 421 or 422). In the event that your employment or service relationship is with a business, trade or entity that, after the Date of Grant, ceases for
any reason to be part of the Company or an Affiliate, your employment or service relationship will be deemed to have terminated for purposes of this Agreement upon such cessation if your employment or service relationship does not continue
uninterrupted immediately thereafter with the Company or an Affiliate of the Company. 

  

	 	d.	The Option will be forfeited immediately upon your termination for Cause as defined, and in accordance with the procedures set forth, in your Employment Agreement.

  

	(5)	As soon as practicable after exercise of the Option, the Company will deliver a share certificate to you, or deliver Shares electronically or in certificate form to your designated
broker on your behalf, for the Shares issued upon exercise. Any share certificates delivered or Shares delivered electronically will, unless the Shares are registered and such registration is in effect, or an exemption from registration is
available, under applicable federal and state law, bear a legend (or electronic notation) restricting transferability of such Shares. 

  

	(6)	The Company may postpone the issuance and delivery of any Shares for so long as the Company determines to be necessary or advisable to satisfy the following:

  

	 	a.	the completion or amendment of any registration of the Shares or satisfaction of any exemption from registration under any securities law, rule, or regulation;

  

	 	b.	compliance with any requests for representations; and 

  

	 	c.	receipt of proof satisfactory to the Company that a person seeking to exercise the Option after your death is authorized and entitled to exercise the Option.

  

	(7)	You may not exercise the Option if the issuance of the Shares upon such exercise would violate any applicable federal securities laws or other laws or regulations.

  

	(8)	This Agreement does not limit in any manner the right of the Company or its Affiliate to discharge you at any time with or without cause or notice and whether or not such discharge
results in the forfeiture of any Options or any other adverse effect on your interests under the Plan, subject to the terms of your Employment Agreement, if applicable. 

  

	(9)	This Agreement, including the Employment Agreement and the Plan incorporated herein by reference, contains the entire agreement between you and the Company with respect to the
Option. 

  

	(10)	You understand and agree that you will not be deemed for any purpose to be a stockholder of the Company with respect to any of the Shares unless and until they have been issued to
you after your exercise of this Option and payment for the Shares. 

  

 4 

	(11)	This Option cannot be assigned, transferred, pledged, hypothecated, or disposed of in any way and cannot be subject to execution, attachment or similar process; however, the Option
is transferable by way of will or the laws of descent and distribution. During your lifetime, only you (or, if you are disabled, a guardian or legal representative) may exercise the Option. 

  

	(12)	You understand and agree that the existence of this Option will not affect in any way the right or power of the Company or its stockholders to make or authorize any or all
adjustments, recapitalizations, reorganizations, or other changes in the Company’s capital structure or its business, including that of its subsidiaries, or any merger or consolidation of the Company or any Affiliate, or any issue of bonds,
debentures, preferred or other stocks with preference ahead of or convertible into, or otherwise affecting the Common Stock or the rights thereof, or the dissolution or liquidation of the Company or any Affiliate, or any sale or transfer of all or
any part of the Company’s or any Affiliate’s assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise. 

  

	(13)	At the time of exercise, except as provided below, the Company or its Affiliates may withhold from your payroll or any other payment due to you, and you agree to make adequate
provision for, all taxes required by law to be withheld in connection with the Option. The Company agrees that it will, upon your request, permit you to satisfy, in whole or in part, the Company’s minimum statutory withholding tax obligation
(based on minimum rates for federal and state law purposes, including payroll taxes) which may arise in connection with the Option either by electing to have the Company withhold from the Shares to be issued upon exercise that number of Shares, or
by electing to deliver to the Company already-owned shares of Common Stock of the Company, in either case having a Fair Market Value equal to the amount necessary to satisfy the statutory minimum withholding amount due. 

  

	(14)	The validity, construction and effect of this Agreement, and of any determinations or decisions made by the Committee relating to this Agreement, and the rights of any and all
persons having or claiming to have any interest under this Agreement, will be determined exclusively in accordance with the laws of the State of Maryland, without regard to its provisions concerning the applicability of laws of other jurisdictions.
Any suit with respect to the Award, the Option or the Shares will be brought in the federal or state courts in the districts, which include Baltimore, Maryland, and you agree and submit to the personal jurisdiction and venue thereof.

  

	(15)	The Committee may make various adjustments to your Option, including adjustments to the number and type of securities subject to the Option and the Exercise Price, in accordance
with the terms of the Plan. In the event of any transaction resulting in a Change in Control (as defined in the Plan) of the Company, the Option will terminate upon the effective time of such Change in Control unless provision is made in connection
with the transaction for the continuation or assumption of the Option by, or for the substitution of the equivalent awards of, the surviving or successor entity or a parent thereof. In the event of such termination, you will be permitted,
immediately before the Change in Control, to exercise the Option. 

  

 5 

	(16)	This Agreement may be amended from time to time by the Committee in its discretion; however, this Agreement may not be modified in a manner that would have a materially adverse
affect on the Option or Shares, as determined by the Committee, except as provided in the Plan or in a written document signed by you and the Company. 

  

	(17)	Any notice that you are required to give the Company under this Agreement must be delivered to the Secretary of the Company or his or her designee at the principal executive office
of the Company. Notice will be deemed to have been duly delivered when received by the Secretary or his or her designee in such form and manner as the Company finds to be acceptable. 

  

	(18)	The Option is granted subject to the forfeiture, vesting and other provisions specifically set forth in the Employment Agreement. Unless otherwise specifically provided in this
Agreement, in the event of a conflict, inconsistency or ambiguity between or among any term or condition of this Agreement, the Plan or your Employment Agreement, the provisions of, first, the Plan, second, the Employment Agreement, and lastly, this
Agreement, will control in that order of priority, except in the case of Section 14 of this Agreement which will control in all cases. Notwithstanding anything to the contrary, the Award and the Option will be subject to and bound by all terms and
conditions in this Agreement and the Plan not specifically covered by or contrary to the effective Employment Agreement. 

  
 {Signature page follows} 
  

 6 

 Date: October 18, 2004 
  

			
	FTI CONSULTING, INC.
		
	By:	 	 /S/ THEODORE I. PINCUS

	 	 	 Theodore I. Pincus

	 	 	 Executive Vice President & Chief Financial Officer

  
 OPTIONEE’S ACKNOWLEDGMENT AND SIGNATURE 
  
 I
acknowledge receipt of a copy of the prospectus for the Plan, attached hereto. I represent that I have read it and am familiar with the Plan’s terms. I accept the Option subject to all of the terms and provisions of this Agreement and of the
Plan under which it is granted, as the Plan may be amended in accordance with its terms. I agree to accept as binding, conclusive, and final all decisions or interpretations of the Committee concerning any questions arising under the Plan with
respect to the Option. 
  

					
			
	 Date: October 18, 2004
	 	 	 	 /S/ DENNIS J. SHAUGHNESSY

	 	 	 	 	 Signature of Optionee

  

 7

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