Document:

Form of Restricted Stock Agreement

 Exhibit 4.7 
 Restricted Stock No.:_____ 
 NATIONAL CINEMEDIA, INC. 
 2007 EQUITY INCENTIVE PLAN 
 RESTRICTED STOCK AGREEMENT 
 The Board of Directors of National CineMedia, Inc., a Delaware corporation (the
“Company”), granted shares of Restricted Stock issued under the National CineMedia, Inc. 2007 Equity Incentive Plan (the “Plan”) to the Grantee named below. This Restricted Stock Agreement (the
“Agreement”) evidences the terms of the Company’s grant of Restricted Stock to Grantee. 
 A. NOTICE OF GRANT

 Name of Grantee:
                     
 Number of shares of
Restricted Stock:                      
 Grant Date:                      
 Vesting Schedule: Except as provided otherwise in this Agreement or the Plan (including but not limited to Section 14.2 of the Plan which provides for accelerated vesting upon certain terminations in connection with a Change of
Control), subject to Grantee’s continuous Service, the Restricted Stock shall vest and the restrictions set forth in Section 2 of this Agreement shall lapse as follows: [Insert vesting schedule]. 
 B. RESTRICTED STOCK AGREEMENT 
 1.
Grant of Restricted Stock. Subject to the terms and conditions of this Agreement and the Plan, the Company granted to Grantee, the number of shares of Restricted Stock set forth in the Notice of Grant, effective on the Grant Date set forth in
the Notice of Grant, and subject to the terms and conditions of the Plan, which is incorporated herein by reference. In the event of a conflict between the terms and conditions of the Plan and this Agreement, the terms and conditions of the Plan
shall govern. All capitalized terms in this Agreement shall have the meaning assigned to them in this Agreement or in the Plan. 
 2.
Forfeiture Restrictions. Grantee shall not sell, transfer, assign, pledge or otherwise encumber or dispose of, by operation of law or otherwise, the Restricted Stock for the period commencing on the Grant Date and ending on the
date described in the Vesting Schedule set forth in the Notice of Grant (the “Restriction Period”). Upon vesting, the restrictions in this Section 2 shall lapse and Grantee may transfer the shares of Stock in accordance with
applicable securities law requirements and the Company’s policies and procedures. 
 3. Vesting; Lapse of Restrictions.
Except as provided otherwise in this Agreement and the Plan (including but not limited to Section 14.2 of the Plan which provides for accelerated vesting upon certain terminations in connection with a Change of Control), if Grantee has
been in continuous Service since the Grant Date, the Restricted Stock shall vest as set forth on the Vesting Schedule in the Notice of Grant. Grantee shall forfeit the unvested portion of the Restricted Stock upon termination of Service. 

 

					
	 NATIONAL CINEMEDIA, INC.
 RESTRICTED STOCK AGREEMENT
	 		 	

 4. Dividends. During the Restriction Period, Grantee shall be entitled to receive regular cash
dividends declared and paid with respect to shares of Restricted Stock. Grantee shall not be entitled to receive a special or extraordinary cash dividend or distribution during the Restriction Period. All shares distributed, if any, received by
Grantee with respect to shares of Restricted Stock as a result of any split, stock dividend, combination of shares of stock, or other similar transaction shall be subject to the same restrictions during the Restriction Period as the related shares
of Restricted Stock. 
 5. Termination of Service. Upon the termination of Grantee’s Service, any shares of Restricted
Stock held by Grantee that have not vested, or with respect to which all applicable restrictions and conditions have not lapsed, shall immediately be forfeited. Upon forfeiture of the shares of Restricted Stock, Grantee shall have no further rights
with respect to such shares, including but not limited to any right to vote the shares or any right to receive dividends. Section 14.2 of the Plan provides for accelerated vesting with respect to certain terminations in connection with a Change
of Control. 
 6. Purchase and Delivery of Shares. Grantee shall be required, to the extent required by applicable law, to purchase
the shares of Restricted Stock from the Company at the aggregate par value of the shares of Stock represented by such Restricted Stock (the “Purchase Price”). The Purchase Price shall be payable in cash or in cash equivalents
acceptable to the Company. Upon the expiration or termination of the Restriction Period, the restrictions applicable to Restricted Stock shall lapse, and, a certificate for such shares of Stock shall be delivered, free of all such restrictions, to
Grantee or Grantee’s beneficiary or estate, as the case may be. Notwithstanding anything in this Agreement to the contrary, the Company may elect to satisfy any requirement for the delivery of stock certificates through the use of book-entry.

 7. Enforcement of Restrictions. All certificates representing shares of Restricted Stock shall include applicable restrictive
legends regarding restrictions on transfer and compliance with securities law requirements, as determined by the Committee. 
 8. Tax
Withholding. The Company or any Affiliate shall have the right to deduct from payments of any kind otherwise due to Grantee, any federal, state, local or foreign taxes of any kind required by law to be withheld upon the issuance, vesting or
payment of any shares of Stock or dividends. Subject to the prior approval of the Committee, which may be withheld by the Committee, in its sole discretion, Grantee may elect to satisfy the minimum statutory withholding obligations, in whole or in
part, (i) by having the Company withhold shares of Stock otherwise issuable to Grantee or (ii) by delivering to the Company shares of Stock already owned by Grantee. The shares delivered or withheld shall have an aggregate Fair Market
Value not in excess of the minimum statutory total tax withholding obligations. The Fair Market Value of the shares used to satisfy the withholding obligation shall be determined by the Company as of the date that the amount of tax to be withheld is
to be determined. Shares used to satisfy any tax withholding obligation must be vested and cannot be subject to any repurchase, forfeiture, or other similar requirements. Any election to withhold shares shall be irrevocable, made in writing, signed
by Grantee, and shall be subject to any restrictions or limitations that the Committee, in its sole discretion, deems appropriate. 
  

					
	 NATIONAL CINEMEDIA, INC.
 RESTRICTED STOCK AGREEMENT
	 	2	 	

 9. Effect of Prohibited Transfer. If any transfer of shares is made or attempted to be made
contrary to the terms of this Agreement, the Company shall have the right to acquire for its own account, without the payment of any consideration, such shares from the owner thereof or his transferee, at any time before or after such prohibited
transfer. In addition to any other legal or equitable remedies it may have, the Company may enforce its rights to specific performance to the extent permitted by law and may exercise such other equitable remedies then available. The Company may
refuse for any purpose to recognize any transferee who receives shares contrary to the provisions of this Agreement as a stockholder of the Company and may retain and/or recover all dividends on such shares that were paid or payable subsequent to
the date on which the prohibited transfer was made or attempted. 
 10. Market Stand-Off Agreement. In connection with the initial
public offering of shares of Common Stock of the Company (the “IPO”), Grantee agrees not to sell, make any short sale of, loan, hypothecate, pledge, grant any option for the purchase of, or otherwise dispose or transfer for value or
agree to engage in any of the foregoing transactions with respect to any shares of Stock without prior written consent of the Company or its underwriters, for such period of time after the effective date of the IPO registration statement under the
Securities Act as may be requested by the Company or the underwriters (not to exceed 180 days in length). 
 11. Investment
Representations. The Committee may require Grantee (or Grantee’s estate or heirs) to represent and warrant in writing that the individual is acquiring the shares of Stock for investment and without any present intention to sell or
distribute such shares and to make such other representations as are deemed necessary or appropriate by the Company and its counsel. 
 12.
Continued Service. Neither the grant of shares of Restricted Stock nor this Agreement gives Grantee the right to continue Service with the Company or its Affiliates in any capacity. 
 13. Governing Law. The validity and construction of this Agreement and the Plan shall be construed in accordance with and governed by the laws of
the State of Delaware other than any conflicts or choice of law rule or principle that might otherwise refer construction or interpretation of the Plan and this Agreement to the substantive laws of any other jurisdiction. 
 14. Binding Effect. This Agreement shall be binding upon and inure to the benefit of the Company and Grantee and their respective heirs,
executors, administrators, legal representatives, successors and assigns. 
 15. Tax Treatment; Section 83(b);
Section 409A. Grantee may incur tax liability as a result of the vesting of shares of Restricted Stock and payment of dividends or the disposition of shares of Stock. Grantee should consult his or her own tax adviser for tax
advice. 
 Grantee hereby acknowledges that Grantee has been informed that he or she may file with the Internal Revenue
Service, within 30 days of the Grant Date, an irrevocable election pursuant to Section 83(b) of the Code to be taxed as of the Grant Date on the amount by which 

  

					
	 NATIONAL CINEMEDIA, INC.
 RESTRICTED STOCK AGREEMENT
	 	3	 	

 
the Fair Market Value of the Restricted Stock on that date exceeds the Purchase Price. If Grantee chooses to file an election under Section 83(b) of the
Code, Grantee hereby agrees to promptly deliver a copy of any such election to the Chief Financial Officer of the Company (or his designee). 
 Grantee acknowledges that the Committee, in the exercise of its sole discretion and without Grantee’s consent, may amend or modify this Agreement in any manner and delay the payment of any amounts payable
pursuant to this Agreement to the minimum extent necessary to satisfy the requirements of Section 409A of the Code. The Company will provide Grantee with notice of any such amendment or modification. 
 16. Amendment. The terms and conditions set forth in this Agreement may only be amended by the written consent of the Company and Grantee, except
to the extent set forth in Section 15 regarding Section 409A of the Code and any other provision set forth in the Plan. 
 17.
2007 Equity Incentive Plan. The shares of Restricted Stock and payment of dividends granted hereunder shall be subject to such additional terms and conditions as may be imposed under the terms of the Plan, a copy of which has been provided to
Grantee. 
  

			
	NATIONAL CINEMEDIA, INC.
		
	By:	 	  
		 	 Kurt C. Hall
 President and Chief Executive
Officer

		
	Date:	 	  

 [Grantee Signature Page Follows] 
  

					
	 NATIONAL CINEMEDIA, INC.
 RESTRICTED STOCK AGREEMENT
	 	4	 	

 ACKNOWLEDGMENT AND AGREEMENT 
 Grantee acknowledges receipt of this Agreement, agrees to all of the terms and conditions described in this Agreement and in the Plan, a copy of which is
attached. Grantee acknowledges that Grantee has carefully reviewed the Plan, and agrees that the Plan will control in the event of any provision in this Agreement is in conflict with the Plan. Grantee also agrees that to the extent the Plan is
silent, or to the extent the Plan provides, this Agreement and the terms hereof will control. 
  

	
	Grantee
	
	   
	Signature

			
		
	Print Name:	 	   

			
		
	Date:	 	   

 Attachments: 
 2007 Equity Incentive Plan 
 Form S-8 Prospectus 
  

					
	 NATIONAL CINEMEDIA, INC.
 RESTRICTED STOCK AGREEMENT
	 	5Severance Agreement between the Registrant and David L. Blumberg

 Exhibit 10.1 
 SEVERANCE AGREEMENT 
 This Severance Agreement (“Agreement”) is made as of February 8,
2007 by and between I-many, Inc., a Delaware corporation having its principal place of business at 399 Thornall Street Edison, New Jersey 08837 (the “Company”), and David L. Blumberg, a resident of
                                 (“Executive”). 
 WHEREAS, Executive is employed by the Company, the Company desires to continue receiving the services of Executive, and Executive desires to
continue his employment with the Company, and 
 WHEREAS, the Board of Directors of the Company (the “Board of the
Directors”) has determined that it is in the best interest of the Company and its shareholders to formalize the circumstances under which Executive will receive certain payments and/or benefits upon the separation of his employment with the
Company. 
 NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein and other good and valuable
consideration, the receipt and sufficiency of which are acknowledged by the parties, the Company and Executive agree to the follows: 
 1.
Employment Term. Executive’s employment with the Company shall be at-will and Executive expressly acknowledges that his employment may be terminated at the discretion of either party at any time and for any reason. During the
course of Executive’s employment with the Company, Executive agrees to devote his full business time, energy, attention, and skill to such employment and agrees not to, directly or indirectly, engage or participate in, or become employed by, or
become a director, officer, or partner of, or provide services for compensation to or in connection with, any business activity that would be considered competitive with the business of the Company or which conflicts or interferes with the
performance of Executive’s obligations under this Agreement without the express written consent of the Board of Directors. 
 2.
Termination of Employment. 
 2.1 Effects of Termination. 
 (a) Termination by the Company - Other than For Cause. Subject to the terms and conditions hereof, if: (1) Executive’s employment is
terminated solely upon the discretion of the Company pursuant to any reason other than for Cause or due to Death or Permanent Disability, as those terms are defined below; (2) Executive resigns his employment no more than ninety (90) days
after a fundamental reduction in Executive’s duties and responsibilities or a material failure to pay Executive compensation when it is due; (3) Executive resigns his employment no more than ninety (90) days after the Company requires
him to relocate his principal work location more than 85 miles from Executive’s current home office, which is located in
                                , Pennsylvania; or (4) Executive resigns his
employment no more than ninety 

 
(90) days after Executive’s annual salary is reduced by 20% (except a temporary reduction that is imposed proportionately on all members of the
Company’s executive management team (EMT)), Executive shall be entitled to the following:: 
 (i) Salary and Accrued Vacation.
Salary through the date of termination, accrued vacation earned but not yet paid through the date of termination, and any earned but unpaid bonus and commissions. 
 (ii) Severance. The Company shall pay Executive severance equal to six (6) months of Executive’s annualized base salary in effect as of the date of termination, less applicable deductions and
withholdings, payable in accordance with the Company’s usual payroll practices. 
 (iii) Medical Benefits. The Company shall
continue to maintain Executive as a participant in its health insurance plan as required and/or permitted under the Consolidated Omnibus Budget Reconciliation Act of 1985 (often referred to as “COBRA”) and insofar as elected by Executive;
for up to six (6) months following termination of employment, but only until Executive accepts subsequent employment that offers health insurance, the Company shall reimburse Executive, on a monthly basis, for the difference between his COBRA
expense and the amount paid by a Company employee for the same coverage. 
 (b) Termination by the Company following Change in
Control. Subject to the terms and conditions hereof, if during the 180-day period following a Change in Control of the Company, Executive’s employment is terminated pursuant to subsections 2.1(a)(1), 2.1(a)(2), 2.1(a)(3) or 2.1(a)(4) above,
then Executive shall be entitled to the following: 
 (i) Salary and Accrued Vacation. Salary through the date of termination, accrued
vacation earned but not yet paid through the date of termination, and any earned but unpaid bonus and commissions. 
 (ii) Severance.
The Company shall pay Executive severance equal to twelve (12) months of Executive’s annualized base salary in effect as of the date of termination, less applicable deductions and withholdings, payable in accordance with the Company’s
usual payroll practices. 
 (iii) Medical Benefits. The Company shall continue to maintain Executive as a participant in its health
insurance plan as required and/or permitted under the Consolidated Omnibus Budget Reconciliation Act of 1985 (often referred to as “COBRA”) and insofar as elected by Executive; for up to twelve (12) months following termination of
employment, but only until Executive accepts subsequent employment that offers health insurance, the Company shall reimburse Executive, on a monthly basis, for the difference between his COBRA expense and the amount paid by a Company employee for
the same coverage. 

 (iv) The benefits contained in this subsection 2.1(b) are intended as a replacement for the benefits
contained in subsection 2.1(a), and not supplemental thereto. 
 For purposes of this Agreement, a “Change in Control” is defined as the
consummation of any of the following transactions: (i) any merger or consolidation which results in the voting securities of the Company outstanding immediately prior thereto representing immediately thereafter (either by remaining outstanding
or by being converted into voting securities of the surviving or acquiring entity) less than a majority of the combined voting power of the voting securities of the Company or such surviving or acquiring entity outstanding immediately after such
merger or consolidation; (ii) any sale of all or substantially all of the assets of the Company; or (iii) the complete liquidation of the Company. 
 (c) General Release. The Company or its successor shall not become obligated to make any severance payment or supplemental medical benefits payment under Sections 2.1(a)(ii) and (iii) or Sections
2.1(b)(ii) and (iii) unless Executive signs a general release of claims against the Company or its successor substantially in the form of the agreement and general release attached at Exhibit A and continues to comply with the terms and
conditions of agreement and general release. Such agreement and general release shall include a mutual non-disparagement covenant and a re-affirmation of Executive’s obligations under his Nondisclosure, Developments and Noncompete Agreement
with the Company. 
 (d) Termination by the Company – For Cause. The Company may terminate Executive’s employment for
Cause: (i) at any time upon ten (10) days’ written notice without cure by the Executive, or pay of an equivalent amount without such notice, in the case of (A) or (B) of this paragraph below; and (ii) without prior
written notice, in the case of (C) and (D) of this paragraph below. If the Company terminates Executive’s employment for Cause, it shall have no further obligations to Executive under this Agreement except for the payment of:
(i) accrued and unpaid salary and unused vacation time, through the effective date of termination; (ii) unpaid expenses reasonably incurred by the Executive and submitted in compliance with Company policies; and (iii) earned but not
yet paid bonus and commissions, the availability and pro rata calculation of which shall be determined solely at the discretion of the Board of Directors. Executive acknowledges and agrees that he will not be entitled to receive severance pay or
supplemental medical benefits pay if terminated for Cause. 
 For the purposes of this Agreement, “Cause” for termination shall be deemed to exist
upon: (A) a good faith finding by the Company that Executive refused to perform his/her assigned duties for the Company, consistent with the terms of this Agreement and the Company’s code of conduct; (B) a good faith finding by the
Company that Executive has engaged in gross negligence or gross misconduct in a matter that materially interferes with Executive’s job performance; (C) material dishonesty; or (D) the conviction of Executive of, or the entry of
pleading of guilty or nolo contendre by Executive to, any crime involving moral turpitude or any felony. 

 (e) Termination through Death or Permanent Disability. The Company may also terminate
Executive’s employment in the event of the Executive’s Death or Permanent Disability, as defined below. In the event of Executive’s Death or Permanent Disability while employed hereunder, Employer shall have no further obligations to
Executive under this Agreement except for the payment of: (i) accrued and unpaid salary and unused vacation time, through the effective date of termination; (ii) unpaid expenses reasonably incurred by the Executive and submitted in
compliance with Company policies; and (iii) earned but not yet paid bonus and commissions, the availability and pro rata calculation of which shall be determined solely at the discretion of the Board of Directors. In addition, Executive will be
eligible to participate in the benefit plans of the Company, at Executive’s cost and as long as continued participation is permitted under the terms and conditions of such plans and the requirements of COBRA, for a period of up to six
(6) months after the date of termination, or longer if required by applicable law. Executive acknowledges and agrees that he will not be entitled to receive severance pay if terminated due to Death or Permanent Disability. 
 For purposes of this Agreement, the term “Permanent Disability” shall mean the inability of the Executive, due to a physical or mental disability, for a period
of 90 days (exclusive of time off pursuant to state or federal leave laws), whether or not consecutive, during any 360-day period to perform the essential functions of the job, including the services contemplated under this Agreement, with or
without reasonable accommodations. A determination of Permanent Disability shall be made at the sole discretion of the Company. 
 (f) No
Other Benefits. No benefits other than those specifically enumerated in this section 2.1 shall be owed to the Executive upon termination of employment. 
 2.2 Acknowledgement. Executive acknowledges and agrees that the compensation and benefits provided in this Section 2 have been negotiated with the Company and shall be deemed to fully satisfy any notice
requirements that may be required by any jurisdiction. Executive further acknowledges that the severance and medical benefits continuation benefits provided in Section 2.1 are adequate consideration for the non-competition promises contained in
Executive’s Nondisclosure, Developments and Noncompete Agreement with the Company. 
 3. Stock Option and Restricted Stock Vesting
Acceleration. Upon a Change in Control of the Company, all of the Executive’s remaining unvested stock options and restricted stock (whether granted before or after the date of this Agreement) shall become vested in full. Such
acceleration shall not become effective until Executive signs a general release of claims against the Company substantially in the form of the agreement and general release attached at Exhibit A as well as signs any other documents necessary to
properly effectuate the vesting of the stock options and/or restricted stock. 

 4. Miscellaneous. 
 4.1 Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefit of the Company’s successors in interest,
including, without limitation, successors through merger, consolidation, or sale of substantially all of the Company’s stock or assets, and shall be binding upon Executive. The Employee’s Nondisclosure, Developments and Noncompete
Agreement and Section 2.1 of this Agreement shall survive the cessation of Executive’s employment with the Company, regardless of who causes the cessation and regardless of the circumstances surrounding the cessation of employment.

 4.2 Notice. All notices required or permitted to be given under this Agreement shall be giving in writing and shall be deemed
sufficiently given if hand delivered by hand or mailed by registered mail, return receipt requested, to Executive’s respective address and the principal offices of the Company, as listed above. By giving notice to the other party in accordance
with this Paragraph, each party may change the address at which it is to receive notices hereunder. 
 4.3 Applicable Law;
Jurisdiction. This Agreement shall be governed by, construed in, interpreted and enforced in accordance with the laws of the State of New Jersey. In the event that any action is commenced concerning the parties’ obligations and rights under
this Agreement, and such action is for whatever reason not subject to arbitration, each of the Company and Executive agrees to submit itself to the personal jurisdiction of a competent court sitting within the State of New Jersey. 
 4.4 Independent Advice. Executive acknowledges that Executive has had the opportunity to evaluate this Agreement independently and with
Executive’s own professional advisors, and has not received and is not relying upon legal, tax or other professional advice from or on behalf of the Company in connection with entering into this Agreement. 
 4.5 Severability. In the event any provisions of this Agreement is found to be invalid or unenforceable, such provisions shall be severable from
the Agreement and shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. 
 4.6 Waiver. No failure or delay by either party in exercising any right, power or privilege under this Agreement shall operate as a waiver of the right, power or privilege. A single or partial exercise of any
right, power or privilege shall not preclude any other further exercise of the right, power or privilege. The rights and remedies provided in this Agreement shall be cumulative and not exclusive of any rights or remedies provided by law. 

4.7 Agreement. This Agreement, including the exhibits thereto, and the Nondisclosure, Developments, and Noncompete Agreement previously signed
by Executive constitute the entire agreement between the parties and may only be changed by a written document signed by both parties. No agreements or representatives, oral or otherwise, express or implied, with respect to the subject matter hereof
have been made by either party which are not set forth expressly in this Agreement. 

 4.8 Prior Agreements. This Agreement revokes, replaces and supersedes any prior agreements and
understandings, whether written or oral relating to the subject matter of this Agreement between the Company and Executive, except for Executive’s Nondisclosure, Developments and Noncompete Agreement dated May 15,, 2006. 
 IN WITNESS WHEREOF, the parties have executed this Agreement under seal as of the date set forth above, the Company acting herein by its duly authorized
officer. 
  

			
	 I-many, Inc.

		
	 By:
	 	/s/ John A. Rade
	 Name:
	 	John A. Rade
	 Title:
	 	President and Chief Executive Officer
	
	Executive
	
	/s/ David L. Blumberg
	David L. Blumberg

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