Document:

<PAGE>

                                                                     Exhibit 4.2

           NUMBER                                                  SHARES

CLA

                               (CLEARWIRE(R) LOGO)

                              CLEARWIRE CORPORATION

    CLASS A COMMON STOCK                                    CLASS A COMMON STOCK

INCORPORATED UNDER THE LAWS                                    SEE REVERSE FOR
OF THE STATE OF DELAWARE                                     CERTAIN DEFINITIONS

                                                              CUSIP 64359R 103

This Certifies that
                                   SAMPLE
________________________________________________________________________________

is the owner of

________________________________________________________________________________

   FULLY PAID AND NONASSESSABLE SHARES OF THE CLASS A COMMON STOCK OF THE PAR
                            VALUE OF $0.0001 EACH OF

                            --CLEARWIRE CORPORATION--

transferable on the books of the Corporation by the holder hereof in person or
by duly authorized attorney on surrender of this certificate properly endorsed.

This certificate is not valid until countersigned and registered by the Transfer
Agent and Register.

WITNESS the facsimile signatures of its duly authorized officers.

Dated:
       ------------------------------

-------------------------------------   ----------------------------------------
SECRETARY                               PRESIDENT

COUNTERSIGNED AND REGISTERED:
AMERICAN STOCK TRANSFER & TRUST COMPANY
(New York, NY)
TRANSFER AGENT AND REGISTRAR

BY:
    ---------------------------------
    AUTHORIZED SIGNATURE
<PAGE>

     The following abbreviations, when used in the inscription on the face of
this certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

                                          UNIF GIFT MIN ACT --
TEN COM -- as tenants in common
TEN ENT -- as tenants by the entireties     ________ Custodian ________
JT TEN  -- as joint tenants with right       (Cust)             (Minor)
           of survivorship and not as       under Uniform Gifts to Minors
           tenants in common                Act _________________________
                                                          (State)

                                          UNIF TRF MIN ACT --

                                            _______ Custodian (until age ______)
                                             (Cust)
                                            __________ under Uniform Transfers
                                             (Minor)
                                            to Minors Act ______________________
                                                                 (State)

     Additional abbreviations may also be used though not in the above list.

FOR VALUE RECEIVED, _________________________________ hereby sell, assign and
transfer unto

PLEASE INSERT SOCIAL SECURITY OR OTHER
    IDENTIFYING NUMBER OF ASSIGNEE

______________________________________

________________________________________________________________________________
  (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

________________________________________________________________________________

________________________________________________________________________________

__________________________________________________________________________Shares
of the Class A common stock represented by the within Certificate, and do hereby
irrevocably constitute and appoint

________________________________________________________________________Attorney
to transfer the said stock on the books of the within named Corporation with
full power of substitution in the premises.

Dated
      -------------------------------

                                        X
                                           -------------------------------------

                                        X
                                           -------------------------------------

                                        NOTICE: THE SIGNATURE(S) TO THIS
                                                ASSIGNMENT MUST CORRESPOND WITH
                                                THE NAME(S) AS WRITTEN UPON THE
                                                FACE OF THE CERTIFICATE IN EVERY
                                                PARTICULAR, WITHOUT ALTERATION
                                                OR ENLARGEMENT OR ANY CHANGE
                                                WHATEVER.

-------------------------------------
Signature(s) Guaranteed

By
   ----------------------------------
THE SIGNATURE(S) MUST BE GUARANTEED
BY AN ELIGIBLE GUARANTOR INSTITUTION
(BANKS, STOCKBROKERS, SAVINGS AND LOAN
ASSOCIATIONS AND CREDIT UNIONS WITH
MEMBERSHIP IN AN APPROVED SIGNATURE
GUARANTEE MEDALLION PROGRAM), PURSUANT
TO S.E.C. RULE 17Ad-15.EX-10.1

Exhibit 10.1

409A Form

ABM INDUSTRIES INCORPORATED

STATEMENT OF TERMS AND CONDITIONS APPLICABLE TO

OPTIONS, RESTRICTED STOCK, RESTRICTED STOCK UNITS

AND PERFORMANCE SHARES GRANTED TO EMPLOYEES

PURSUANT TO THE 2006 EQUITY INCENTIVE PLAN

(As Amended and Restated June 3, 2008)

	I.	 	INTRODUCTION

The following terms and conditions shall apply to each Award granted under the Plan to an Employee
eligible to participate in the Plan. This Statement of Terms and Conditions is subject to the
terms of the Plan and of any Award made pursuant to the Plan. In the event of any inconsistency
between this Statement of Terms and Conditions and the Plan, the Plan shall govern.

	II.	 	DEFINITIONS

Capitalized terms not otherwise defined in this Statement of Terms and Conditions shall have the
meaning set forth in the Plan. When capitalized in this Statement of Terms and Conditions, the
following additional terms shall have the meaning set forth below:

	A.	 	“Grant Date” means the date the Administrator grants the Award.
	 
	B.	 	“Option Period” means the period commencing on the Grant Date of an Option and,
except at otherwise provided in Section III.E, ending on the Termination Date.
	 
	C.	 	“Termination Date” means the date that an Option expires as set forth in the Option
Agreement.

	III.	 	OPTIONS

	A.	 	Option Notice and Agreement. An Option granted under the Plan shall be evidenced by
an Option Agreement setting forth the terms and conditions of the Option, including whether
the Option is an Incentive Stock Option or a Nonqualified Stock Option and the number of
Shares subject to the Option. Each Option Agreement shall incorporate by reference and be
subject to this Statement of Terms and Conditions and the terms and conditions of the Plan.
	 
	B.	 	Exercise Price. The Exercise Price of an Option, as specified in the Option
Agreement, shall be equal to or greater than the Fair Market Value of the Shares underlying
the Option on the Grant Date.
	 
	C.	 	Option Period. An Option shall be exercisable only during the applicable Option
Period, and during such Option Period the exercisability of the Option shall be subject to the
vesting provisions of Section III.D as modified by the rules set forth in Sections III.E, V
and VI. The Option Period shall be not more than seven years from the Grant Date.

 

 

	D.	 	Vesting of Right to Exercise Options.

	 	1.	 	Except as provided in Sections V and VI, an Option shall be exercisable during
the Option Period in accordance with the following vesting schedule: (i) 25 percent of
the Shares subject to the Option shall vest on the first anniversary of the Grant Date;
(ii) an additional 25 percent of the Shares shall vest on the second anniversary of the
Grant Date; (iii) an additional 25 percent of the Shares shall vest on the third
anniversary of the Grant Date; and (iv) the remaining 25 percent of the Shares subject
to the Option shall vest on the fourth anniversary of the Grant Date. Notwithstanding
the foregoing, the Administrator may specify a different vesting schedule at the time
the Option is granted and as specified in the Option Agreement.
	 
	 	2.	 	Any vested portion of an Option not exercised hereunder shall accumulate and be
exercisable at any time on or before the Termination Date, subject to the rules set
forth in Sections III.E, V and VI. No Option may be exercised for less than 5 percent
of the total number of Shares then available for exercise under such Option. In no
event shall the Company be required to issue fractional shares.

	E.	 	Termination of Employment. In addition to the terms set forth in the Plan with
respect to termination of employment:

	 	1.	 	If a Participant ceases to be a bona fide employee of the Company or an
Affiliate due to his or her Retirement, Disability or death during the Option Period,
in addition to any Shares vested under the Option Agreement prior to the date of
Disability or death, the Option shall vest in the number of Shares equal to 25 percent
of the number of Shares originally subject to the Option, multiplied by the number of
whole months between the most recent anniversary date of the Option grant and the date
of Retirement, Disability or death, and divided by 12.
	 
	 	2.	 	If a Participant who ceases to be a bona fide employee of the Company or an
Affiliate is subsequently rehired prior to the expiration of his or her Option, then
the Option shall continue to remain outstanding until such time as the Participant
subsequently terminates employment or the Option otherwise terminates pursuant to this
Statement of Terms and Conditions. Upon the Participant’s subsequent termination of
employment, the post-termination exercise period calculated pursuant to the terms and
conditions of this Section III.E shall be reduced by the number days between the date
of the Participant’s initial termination of employment and his or her rehire date;
provided, however, that if the rehired Participant continues to be employed by the
Company or an Affiliate for at least one year from his or her rehire date, then the
post-termination exercise period for the Option shall be determined in accordance with
the Plan and shall not be adjusted as described above.

	F.	 	Method of Exercise. A Participant may exercise an Option with respect to all or any
part of the exercisable Shares as follows:

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	 	1.	 	By giving the Company, or its authorized representative designated for this
purpose, written notice of such exercise specifying the number of Shares as to which
the Option is so exercised. Such notice shall be accompanied by an amount equal to the
Exercise Price of such Shares, in the form of any one or combination of the following:

	 	a.	 	cash or certified check, bank draft, postal or express money
order payable to the order of the Company in lawful money of the United States;
	 
	 	b.	 	if approved by the Company at the time of exercise, personal
check of the Participant;
	 
	 	c.	 	if approved by the Company at the time of exercise, a “net
exercise” pursuant to which the Company will not require a payment of the
exercise price from the Participant but will reduce the number of Shares issued
upon the exercise by the largest number of whole Shares that has a Fair Market
Value that does not exceed the aggregate exercise price. With respect to any
remaining balance of the aggregate exercise price, the Company shall accept
payment in a form identified in (a) or (b) of this section;
	 
	 	d.	 	if approved by the Company at the time of exercise, by
tendering to the Company or its authorized representative Shares which have
been owned by the Participant for at least six months prior to said tender, and
having a Fair Market Value, as determined by the Company, equal to the Exercise
Price. In the event a Participant tenders Shares to pay the Exercise Price,
tender of Shares acquired through exercise of an Incentive Stock Option may
result in unfavorable income tax consequences unless such Shares are held for
at least two years from the Grant Date of the Incentive Stock Option and one
year from the date of exercise of the Incentive Stock Option;
	 
	 	e.	 	if approved by the Company at the time of exercise, delivery
(including by FAX transmission) to the Company or its authorized representative
of an executed irrevocable option exercise form together with irrevocable
instructions to an approved registered investment broker to sell Shares in an
amount sufficient to pay the Exercise Price plus any applicable withholding
taxes and to transfer the proceeds of such sale to the Company; and

	 	2.	 	If required by the Company, by giving satisfactory assurance in writing, signed
by the Participant, the Participant shall give his or her assurance that the Shares
subject to the Option are being purchased for investment and not with a view to the
distribution thereof; provided that such assurance shall be deemed inapplicable to (i)
any sale of the Shares by such Participant made in accordance with the terms of a
registration statement covering such sale, which has heretofore been (or may hereafter
be) filed and become effective under the Securities Act of

3

 

	 	 	 	1933, as amended (the “Securities Act”) and with respect to which no stop order
suspending the effectiveness thereof has been issued, and (ii) any other sale of the
Shares with respect to which, in the opinion of counsel for the Company, such
assurance is not required to be given in order to comply with the provisions of the
Securities Act.

	G.	 	Limitations on Transfer. An Option shall, during a Participant’s lifetime, be
exercisable only by the Participant. No Option or any right granted thereunder shall be
transferable by the Participant by operation of law or otherwise, other than as set forth in
the Plan. In the event of any attempt by a Participant to alienate, assign, pledge,
hypothecate, or otherwise dispose of an Option or of any right thereunder, except as provided
herein, or in the event of the levy of any attachment, execution, or similar process upon the
rights or interest hereby conferred, the Company at its election may terminate the affected
Option by notice to the Participant and the Option shall thereupon become null and void.
	 
	H.	 	No Shareholder Rights. Neither a Participant nor any person entitled to exercise a
Participant’s rights in the event of the Participant’s death shall have any of the rights of a
shareholder with respect to the Shares subject to an Option except to the extent that an
Option has been exercised.
	 
	IV.	 	RESTRICTED STOCK, RESTRICTED STOCK UNITS, AND PERFORMANCE SHARES
	 
	A.	 	Agreement. A Restricted Stock Award, Restricted Stock Unit Award, or Performance
Share Award granted under the Plan shall be evidenced by an Agreement to be executed by the
Participant and the Company setting forth the terms and conditions of the Award. Each Award
Agreement shall incorporate by reference and be subject to this Statement of Terms and
Conditions and the terms and conditions of the Plan.
	 
	B.	 	Special Restrictions. Each Restricted Stock Award, Restricted Stock Unit Award, or
Performance Share Award made under the Plan shall contain the following terms, conditions and
restrictions and such additional terms, conditions and restrictions as may be determined by
the Administrator; provided, however, that no Award shall be subject to additional terms,
conditions and restrictions which are more favorable to a Participant than the terms,
conditions and restrictions set forth in the Plan, the Restricted Stock Agreement, Restricted
Stock Unit Award Agreement, Performance Share Award Agreement, or this Statement of Terms and
Conditions.

	 	1.	 	Restrictions. Until the restrictions imposed on any Restricted Stock
Award shall lapse, shares of Restricted Stock granted to a Participant: (a) shall not
be sold, assigned, transferred, pledged, hypothecated, or otherwise disposed of, and
(b) shall, if the Participant experiences a “separation from service” (within the
meaning of Section 409A of the Code) from the Company or an Affiliate for any reason
(except as otherwise provided in the Plan or in Section IV.B.2) be returned to the
Company forthwith, and all the rights of the Participant to such Shares shall
immediately terminate. A Participant shall not be permitted to sell, transfer, pledge,
assign or encumber such Restricted Stock Units or Performance Shares,

4

 

	 	 	 	other than pursuant to a qualified domestic relations order as defined in the Code
or Title I of the Employee Retirement Income Security Act. If a Participant
experiences a “separation from service” (within the meaning of Section 409A of the
Code) from the Company or an Affiliate (except as otherwise provided in the Plan or
in Section IV.B.2) prior to the lapse of the restrictions imposed on a Restricted
Stock Unit Award or Performance Share Award, the unvested portion of the Restricted
Stock Unit Award or Performance Share Award shall be forfeited to the Company, and
all the rights of the Participant to such Award shall immediately terminate. If a
Participant is absent from work with the Company or an Affiliate because of his or
her short-term disability or because the Participant is on an approved leave of
absence, if the period of such leave does not exceed six months (or if longer, so
long as the individual retains a right to reemployment with the Company under an
applicable statute or by contract), the Participant shall not be deemed during the
period of any such absence, by virtue of such absence alone, to have experienced a
“separation from service” (within the meaning of Section 409A of the Code) from the
Company or an Affiliate except as the Administrator may otherwise expressly
determine. Notwithstanding the foregoing, if the Participant is on a voluntary
leave of absence for the purpose of serving the government of the country of which
the Participant is a citizen or in which the Participant’s principal place of
employment is located such leave shall be considered an approved leave of absence.
	 
	 	2.	 	Termination of Employment by Reason of Retirement, Disability or Death.

	 	a.	 	Restricted Stock Awards and Restricted Stock Unit
Awards. Notwithstanding any provision contained herein or in the Plan or
the Restricted Stock Agreement or Restricted Stock Unit Agreement to the
contrary, if a Participant who has been in the continuous employment of the
Company or an Affiliate since the Grant Date of a Restricted Stock Award or
Restricted Stock Unit Award ceases to be a bona fide employee of the Company or
an Affiliate, which cessation constitutes a “separation from service” under
Section 409A of the Code and which is a result of Retirement, Disability or
death, then the restrictions shall lapse as to the number of Shares or Share
Equivalents equal to: (i) 50 percent of the number of Shares or Share
Equivalents originally subject to the Award, multiplied by (ii) the number of
whole months between the Grant Date (or if the Grant Date occurred more than
two years prior to the date of Retirement, Disability or death, the second
anniversary of the Grant Date) and the date of Retirement, Disability or death,
divided by (iii) 24.
	 
	 	b.	 	Performance Share Awards. Notwithstanding any
provision contained herein or in the Plan or the Performance Share Agreement to
the contrary, if a Participant who has been in the continuous employment of the
Company or an Affiliate since the Grant Date of a Performance Share Award
ceases to be a bona fide employee of the Company or an Affiliate as a result of
Retirement, Disability or death, then at the end of the performance period the
restrictions shall lapse as to the number of Share

5

 

	 	 	 	Equivalents equal to: (i) the number of Performance Shares vested in
accordance with the performance objectives established by the Administrator
for the Award, multiplied by (ii) the number of whole months between the
Grant Date and the date of Retirement, Disability or death, divided by (iii)
the number of months in the performance period.

	C.	 	Dividends, Dividend Equivalents, and Business Transactions. Upon cash dividends
being paid on outstanding shares of ABM common stock, dividends shall be paid with respect to
Restricted Stock during the Restriction Period and shall be converted to additional shares of
Restricted Stock, which shall be subject to the same restrictions as the original Award for
the duration of the Restricted Period. Upon cash dividends being paid on outstanding shares
of ABM common stock, dividend equivalents shall be credited in respect of Restricted Stock
Units and Performance Shares, which shall be converted into additional Restricted Stock Units
or Performance Shares, which will be subject to all of the terms and conditions of the
underlying Restricted Stock Unit Award or Performance Share Award, including the same vesting
restrictions as the underlying Award. Upon stock dividends being paid on outstanding shares
of ABM common stock or a Business Transaction, the Administrator is authorized to take such
actions and make such changes with respect to outstanding Awards, including the performance
criteria for the termination of restrictions on Awards, as are consistent with the Plan and
this Statement of Terms and Conditions to effect the terms of the Awards.
	 
	D.	 	Election to Recognize Gross Income in the Year of Grant. If any Participant validly
elects within thirty days of the Grant Date, to include in gross income for federal income tax
purposes an amount equal to the Fair Market Value of the Shares of Restricted Stock granted on
the Grant Date, such Participant shall pay to the Company, or make arrangements satisfactory
to the Administrator to pay to the Company in the year of such grant, any federal, state or
local taxes required to be withheld with respect to such shares in accordance with Section
VII.F.
	 
	E.	 	No Shareholder Rights for Restricted Stock Units or Performance Shares. Neither a
Participant nor any person entitled to exercise a Participant’s rights in the event of the
Participant’s death shall have any of the rights of a shareholder with respect to the Share
Equivalents subject to a Restricted Stock Unit Award or Performance Share Award except to the
extent that a stock certificate has been issued with respect to such Shares upon the payment
of any vested Restricted Stock Unit Award or Performance Share Award.
	 
	F.	 	Time of Payment of Restricted Stock Units and Performance Shares.

	 	1.	 	Subject to Section (IV)(F)(2) below, upon the lapse of the restriction imposed
on Restricted Stock Unit Awards or Performance Share Award, all Restricted Stock Units
and Performance Shares that were not forfeited pursuant to Sections IV.B. 1 or V shall
be paid to the Participant as soon as reasonably practicable after the restrictions
lapse but not later than 75 days following the date on which the restrictions lapse.
Payment shall be made in Shares in the form of a stock

6

 

certificate. The foregoing notwithstanding, the Participant may elect to defer
payment of the Restricted Stock Units in the manner described in Section IV.G;

	 	2.	 	To the extent required in order to avoid accelerated taxation and/or tax
penalties under Code Section 409A, amounts that would otherwise be payable pursuant to
Section (IV)(F) of this Statement of Terms and Conditions during the six-month period
immediately following a Participant’s termination of employment shall instead be paid
on the first business day after the date that is six months following the Participant’s
termination of employment (or upon the Participant’s death, if earlier).

	G.	 	Deferral Election. Each Participant, pursuant to rules established by the
Administrator, may be entitled to elect to defer all or a percentage of any payment in respect
of a Restricted Stock Unit Award or Performance Shares that he or she may be entitled to
receive as determined pursuant to Section IV.F. This election shall be made by giving notice
in a manner and within the time prescribed by the Administrator and in compliance with Code
Section 409A. Each Participant must indicate the percentage (expressed in whole percentages)
he or she chooses to defer of any payment he or she may be entitled to receive. If no notice
is given, the Participant shall be deemed to have made no deferral election. Each deferral
election filed with the Company shall become irrevocable in accordance with the terms and
conditions of the Company’s Deferred Compensation Plan (or any successor plan) and in
compliance with Code Section 409A.
	 
	V.	 	SPECIAL FORFEITURE AND REPAYMENT RULES

Any other provision of this Statement of Terms and Conditions to the contrary notwithstanding, if
the Administrator determines that a Participant has engaged in conduct which constitutes Cause
prior to, or during the 12 month period following, the exercise of an Option or the vesting of an
Award, the consequences set forth in Section 16 of the Plan govern and the following consequences
shall apply:

	A.	 	Any outstanding Option shall immediately and automatically terminate, be forfeited and shall
cease to be exercisable, without limitation. In addition, any shares of Restricted Stock,
Restricted Stock Units or Performance Shares as to which the restrictions have not lapsed
shall immediately and automatically be forfeited, all of the rights of the Participant to such
shares or share equivalents shall immediately terminate, and any Restricted Stock shall be
returned to the Company.
	 
	B.	 	Any exercise of an Option during the period beginning 12 months prior to through 24 months
after the Participant’s termination of employment with the Company or an Affiliate shall be
rescinded and all outstanding Awards shall be canceled up to 24 months after the Participant’s
termination of employment with the Company or an Affiliate. The Participant shall deliver to
the Company the Shares received by the Participant upon exercise of an Option if such exercise
has been rescinded and the Shares retained by the Participant.

7

 

	C.	 	The lapse of restrictions on or vesting of Restricted Stock, Restricted Stock Units, or
Performance Shares that have vested or upon which the restrictions have lapsed during the
period beginning 12 months prior to through 24 months after the Participant’s termination of
employment with the Company or an Affiliate shall be rescinded and all outstanding Awards
shall be cancelled up to 24 months after the Participant’s termination of employment with the
Company or an Affiliate. The Participant shall deliver to the Company the Shares delivered
upon vesting or lapse of restrictions if such vesting or lapse of restrictions has been
rescinded and the Shares retained by the Participant.
	 
	D.	 	The Participant shall pay over to the Company the proceeds (less the Participant’s purchase
price, if any) received by the Participant upon (1) the sale, transfer or other transaction
involving the Shares acquired upon the exercise of any Option exercised during the period
beginning 12 months prior to through 24 months after the Participant’s termination of
employment with the Company or an Affiliate or (2) the sale, transfer or other transaction
involving the Shares acquired upon the vesting of any Award or lapse of restrictions on any
Award within 12 months prior to through 24 months after the Participant’s termination of
employment with the Company or an Affiliate in such manner and on such terms and conditions as
may be required, and, without limiting any other remedy the Company or an Affiliate may have,
the Company shall be entitled to set-off against the amount of any such proceeds any amount
owed the Participant by the Company or an Affiliate to the fullest extent permitted by law.

The Administrator shall determine in its sole discretion whether the Participant has engaged in
conduct that constitutes Cause.

Any provision of Section 16 of the Plan and this Section V which is determined by a court of
competent jurisdiction to be invalid or unenforceable should be construed or limited in a manner
that is valid and enforceable and that comes closest to the business objectives intended by such
invalid or unenforceable provision, without invalidating or rendering unenforceable the remaining
provisions of this Section V.

	VI.	 	CHANGE IN CONTROL
	 
	A.	 	Effect of Change in Control on Options. Subject to the limitations set forth in
Section VI.C, in the event of a Change in Control, the surviving, continuing, successor, or
purchasing Company or other business entity or parent thereof, as the case may be (the
“Acquiror”) may, without the consent of any Participant, either assume or continue the
Company’s rights and obligations under outstanding Options or substitute for outstanding
Options substantially equivalent options covering the Acquiror’s stock. Options that are
assumed or continued in connection with a Change in Control shall be subject to such
additional accelerated vesting and/or exercisability in connection with the Participant’s
subsequent termination of employment (i) as are set forth in a Severance Agreement between the
Participant and the Company approved by the Board of Directors or the Compensation Committee,
or (ii) as the Board may determine. Any Options granted one year or more prior to the Change
in Control that are neither assumed nor continued by the

8

 

	 	 	Acquiror in connection with the Change in Control shall, contingent on the Change in
Control, become fully vested and exercisable immediately prior to the Change in Control.
Any Option granted less than one year prior to the Change of Control that is neither assumed
nor continued by the Acquiror in connection with the Change in Control shall, to the extent
not previously vested and exercisable, immediately prior to the Change in Control become
vested and exercisable as to the number of Shares subject to such Option equal to (i) the
number of Shares originally subject to such Option, multiplied by (ii) the number of whole
months between the Grant Date and the Change in Control, divided by (iii) the number of
months between the Grant Date and the date on which all Shares originally subject to such
Option would have been fully vested and exercisable; and such Option shall terminate with
respect to all remaining Shares subject to such Option.
	 
	B.	 	Effect of Change in Control on Awards Other than Options. Subject to the limitations
set forth in Section VI.C, in the event of a Change in Control, the Acquiror may, without the
consent of any Participant, either assume or continue the Company’s rights and obligations
under outstanding Awards other than Options or substitute for such Awards substantially
equivalent awards covering the Acquiror’s stock. Awards that are assumed or continued in
connection with a Change in Control shall be subject to such additional accelerated vesting or
lapse of restrictions in connection with the Participant’s subsequent termination of
employment without Cause (i) as are set forth in a Severance Agreement between the Participant
and the Company approved by the Board of Directors or the Compensation Committee; or (ii) as
the Board may determine. Any Award granted one year or more prior to the Change in Control
that is neither assumed nor continued by the Acquiror in connection with the Change in Control
shall, upon the Change in Control, become fully vested and all restrictions shall be released
immediately prior to the Change in Control. Restricted Unit Awards and Performance Share
Awards granted one year or more prior to such Change in Control also shall become immediately
payable. Subject to the limitations set forth in Section VI.C, in the event of a Change in
Control outstanding Awards other than Options granted less than one year prior to the Change
in Control, shall, immediately prior to the Change of Control, become vested and all
restrictions shall to the extent not previously released be released with respect to the
number of Shares equal to (i) the number of Shares originally subject to such Award,
multiplied by (ii) the number of whole months between the Grant Date and the Change in
Control, divided by (iii) the number of months between the Grant Date and the date on which
the restrictions on such Award would otherwise have terminated. To the extent such
restrictions are released, Restricted Unit Awards and Performance Share Awards also shall
become immediately payable. Awards shall terminate to the extent such Awards do not become
vested and restrictions do not terminate. Notwithstanding anything in this Section VI(B) to
the contrary, if the Change in Control does not constitute a “change in effective ownership or
control” of the Company within the meaning of Code Section 409A, the Restricted Stock Units
and Performance Shares granted pursuant to this Statement of Terms and Conditions will vest as
provided in this Section VI(B), but will be payable to the Participant in accordance with the
provisions of Section IV.
	 
	C.	 	Excess Parachute Payments. Subject to a Severance Agreement between the Participant
and the Company approved by the Board of Directors or the Compensation Committee, if any
amount or benefit to be paid or provided under an Award or any other agreement

9

 

	 	 	between a Participant and the Company
would be an Excess Parachute Payment
but for the application of this
sentence, then the payments and
benefits to be paid or provided under
the Award and any other agreement will
be reduced to the minimum extent
necessary (but in no event to less
than zero) so that no portion of any
such payment or benefit, as so
reduced, constitutes an Excess
Parachute Payment. The determination
of whether any reduction in such
payments or benefits to be provided
under the Award or any other agreement
or otherwise is required pursuant to
the preceding sentence will be made at
the expense of the Company by
independent accountants or the
Company’s benefits consultant. The
fact that the Participant’s right to
payments or benefits may be reduced by
reason of the limitations contained in
this paragraph will not of itself
limit or otherwise affect any other
rights of the Participant under any
other agreement. In the event that
any payment or benefit intended to be
provided is required to be reduced
pursuant to this paragraph, the
Participant will be entitled to
designate the payments and/or benefits
to be so reduced in order to give
effect to this paragraph. The Company
will provide the Participant with all
information reasonably requested by
the Participant to permit the
Participant to make such designation.
In the event that the Participant
fails to make such designation within
10 business days after receiving
notice from the Company of a reduction
under this paragraph, the Company may
effect such reduction in any manner it
deems appropriate.

	VII.	 	MISCELLANEOUS
	 
	A.	 	No Effect on Terms of Employment. Subject to the terms of any employment contract
entered into by the Company and a Participant to the contrary, the Company (or an Affiliate
which employs him or her) shall have the right to terminate or change the terms of employment
of a Participant at any time and for any reason whatsoever.
	 
	B.	 	Grants to Participants in Foreign Countries. In making grants to Participants in
foreign countries, the Administrator has the full discretion to deviate from this Statement of
Terms and Conditions in order to adjust Awards under the Plan to prevailing local conditions,
including custom and legal and tax requirements.
	 
	C.	 	Information Notification. Any information required to be given under the terms of an
Award Agreement shall be addressed to the Company in writing by mail, overnight delivery
service, or by electronic transmission to the Senior Vice President, Human Resources and the
Assistant Vice President & Director of Compensation. Any notice to be given to a Participant
shall be given in writing by mail, overnight delivery service, or by electronic transmission.
	 
	D.	 	Administrator Decisions Conclusive. All decisions of the Administrator administering
the Plan upon any questions arising under the Plan, under this Statement of Terms and
Conditions, or under an Award Agreement, shall be conclusive.
	 
	E.	 	No Effect on Other Benefit Plans. Nothing herein contained shall affect a
Participant’s right to participate in and receive benefits from and in accordance with the
then current provisions of any pensions, insurance or other employment welfare plan or program
offered by the Company.

10

 

	F.	 	Withholding. Each Participant shall agree to make appropriate arrangements with the
Company and his or her employer for satisfaction of any applicable federal, state or local
income tax withholding requirements or payroll tax requirements. If approved by the Company
at the time of exercise, such arrangements may include an election by a Participant to have
the Company retain some portion of the Stock acquired pursuant to exercise of an Option to
satisfy such withholding requirements. The election must be made prior to the date on which
the amount to be withheld is determined. If a qualifying election is made, then upon exercise
of an Option, in whole or in part, the Company will retain the number of Shares having a value
equal to the amount necessary to satisfy any withholding requirements. Calculation of the
number of Shares to be withheld shall be made based on the Fair Market Value of the Stock. In
no event, however, shall the Company be required to issue fractional shares of Stock. The
Administrator shall be authorized to establish such rules, forms and procedures as it deems
necessary to implement the foregoing.

With respect the vesting of an Award other than an Option, if the Participant does not make an
arrangement with Company and his or her employer for satisfaction of the applicable income and
withholding requirements or social security requirements in advance of the vesting date, the
Company shall retain the number of Shares (that otherwise would have been payable to the
Participant) having a value equal to the amount necessary to satisfy any withholding requirements.
Calculation of the number of such Shares shall be as described above.

	G.	 	Successors. This Statement of Terms and Conditions and the Award Agreements shall be
binding upon and inure to the benefit of any successor or successors of the Company.
“Participant” as used herein shall include the Participant’s Beneficiary.
	 
	H.	 	Governing Law. The interpretation, performance, and enforcement of this Statement of
Terms and Conditions and all Award Agreements shall be governed by the laws of the State of
Delaware.

660442.03-New
York Server 5A - MSW

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