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Exhibit 10.62 -- Non-Employee Director Restricted Stock Plan

 Exhibit 10.62 
  
 2006 NON-EMPLOYEE DIRECTOR RESTRICTED STOCK PLAN 
  
 1. PURPOSE OF THE PLAN 
  
 The purpose of this Restricted Stock Plan (this “Plan”) is to advance the interests of MCG Capital Corporation (the “Company”) by
providing to non-employee directors of the Company additional incentives, to the extent permitted by law, to exert their best efforts on behalf of the Company, and to provide a means to attract and retain persons of outstanding ability to the
service of the Company. It is recognized that the Company’s efforts to attract or retain these individuals will be facilitated with this additional form of compensation. 
  
 2. ADMINISTRATION 
  
 This Plan shall be administered by the Compensation Committee (the “Committee”) of the Company’s Board of Directors (“Board”),
which is comprised solely of directors who are not interested persons of the Company within the meaning of Section 2(a)(19) of the Investment Company Act of 1940, as amended (the “Act”). The Committee shall interpret this Plan and, to
the extent and in the manner contemplated herein, shall exercise the discretion reserved to it hereunder. The Committee may prescribe, amend and rescind rules and regulations relating to this Plan and make all other determinations necessary for its
administration. The decision of the Committee on any interpretation of this Plan or administration hereof, if in compliance with the provisions of the Act and regulations promulgated thereunder, shall be final and binding with respect to the
Company. 
  
 3. SHARES SUBJECT TO THE PLAN 
  
 The shares subject to this Plan shall be shares of the Company’s common
stock, par value $0.01 per share (“Shares”). Subject to the provisions hereof concerning adjustment, the total number of shares that may be awarded as restricted shares under this Plan shall not exceed 100,000 Shares. Any Shares that were
granted pursuant to an award of restricted stock under this Plan but that are forfeited pursuant to the terms of the Plan or an award agreement shall again be available under this Plan. Shares may be made available from authorized, un-issued or
reacquired stock or partly from each. 
  
 4. PARTICIPANTS 
  
 (A) Non-Employee Directors. Members of the Board who are not employees of
the Company will each be granted 7,500 shares of restricted stock on the date of the annual meeting of stockholders at which such director is elected to serve a three-year term. Such shares shall vest as to one-third of the total shares granted on
the last day of the fiscal year for each year of the director’s term of service on the Board. 
  
 (B) Award Agreements. All restricted stock granted under the Plan will be evidenced by an agreement. The agreement documenting the award of any restricted
stock granted pursuant to this Plan shall contain such terms and conditions as the Committee shall deem advisable, including but not limited to the lapsing of forfeiture restrictions. Agreements evidencing awards made to different participants or at
different times need not contain similar provisions. In the case of any discrepancy between the terms of the Plan and the terms of any award agreement, the Plan provisions shall control. 
  
 5. RESTRICTED STOCK 
  
 Each agreement representing an award of restricted stock shall state the number of Shares subject to the award and the terms and conditions pursuant to
which the recipient of the award shall acquire a nonforfeitable right to the Shares awarded as restricted stock. Participants will each be granted 7,500 shares of restricted stock 

  

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on the date of the annual meeting of stockholders at which such director is elected to serve a three-year term. Such shares shall vest as to one-third of the
total shares granted on the last day of the fiscal year for each year of the director’s term of service on the Board. 
  
 6. LIMITATIONS ON RESTRICTED STOCK AWARDS 
  
 Grants of restricted stock awards shall be subject to the following limitations: 
  
 (A) The total number of shares that may be outstanding as restricted shares under all of the Company’s compensation
plans shall not exceed ten (10) percent of the total number of Shares authorized and outstanding at any time. 
  
 (B) The amount of voting securities that would result from the exercise of all of the Company’s outstanding warrants, options, and rights, together
with any restricted stock issued pursuant to this Plan and any other compensation plan of the Company, at the time of issuance shall not exceed 25% of the outstanding voting securities of the Company, provided, however, that if the amount of
voting securities that would result from the exercise of all of the Company’s outstanding warrants, options, and rights issued to the Company’s directors, officers, and employees, together with any restricted stock issued pursuant to this
Plan and any other compensation plan of the Company, would exceed 15% of the outstanding voting securities of the Company, then the total amount of voting securities that would result from the exercise of all outstanding warrants, options, and
rights, together with any restricted stock issued pursuant to this Plan, at the time of issuance shall not exceed 20% of the outstanding voting securities. 
  
 (C) Shares of restricted stock will not be issued if the Shares are trading at a price below net asset value. 
  
 7. TRANSFERABILITY OF RESTRICTED STOCK 
  
 While subject to forfeiture provisions, restricted stock shall not be
transferable other than to the spouse or lineal descendants (including adopted children) of the participant, any trust for the benefit of the participant or the benefit of the spouse or lineal descendants (including adopted children) of the
participant, or the guardian or conservator of the participant (“Permitted Transferees”). 
  
 8. TERMINATION OF RESTRICTED STOCK AWARDS 
  
 A participant’s rights to Shares awarded as restricted stock shall, under all circumstances, be set forth in the agreement evidencing the award of restricted stock. 
  
 9. EFFECT OF CHANGE IN STOCK SUBJECT TO THE PLAN 
  
 Subject to any required action by the shareholders of the Company and the
provisions of applicable corporate law, the number of Shares that has been authorized or reserved for issuance hereunder and the number of Shares covered by any applicable vesting schedule hereunder, shall be proportionately adjusted for (a) a
division, combination or reclassification of any of the Shares or (b) a dividend payable in Shares. 
  
 10. MISCELLANEOUS PROVISIONS 
  
 (A) The Committee is authorized to take appropriate steps to ensure that neither the grant of nor the lapsing of the forfeiture restrictions on awards under this Plan would have an effect contrary to the interests of the Company’s
stockholders. This authority includes the authority to prevent or limit the granting of additional awards under this Plan. 
  
 (B) The granting of any award under the Plan shall not impose upon the Company any obligation to appoint or to continue to appoint as a director or
employee any participant, and the right of the Company and its 

  

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subsidiaries to terminate the employment of any employee or other employee, or service of any director, shall not be diminished or affected by reason of the
fact that an award has been made under the Plan to such participant. 
  
 (C) All awards under this Plan shall be made within ten years from the earlier of the date of adoption of this Plan (or any amendment thereto requiring shareholder approval pursuant to the Code) or the date this Plan (or any amendment
thereto requiring shareholder approval pursuant to the Code) is approved by the stockholders of the Company. 
  
 11. AMENDMENT AND TERMINATION 
  
 The Board may modify, revise or terminate this Plan at any time and from time to time, subject to applicable requirements in (a) the Company’s articles of incorporation or by-laws and (b) applicable law and orders. The Board shall seek
stockholder approval of any action modifying a provision of the Plan where it is determined that such stockholder approval is appropriate under the provisions of (a) applicable law or orders, or (b) the Company’s articles of incorporation or
by-laws. This Plan shall terminate when all Shares reserved for issuance hereunder have been issued and the forfeiture restrictions on all restricted stock awards have lapsed, or by action of the Board pursuant to this paragraph, whichever shall
first occur. 
  
 12. EFFECTIVE DATE OF THE PLAN 
  
 The Plan shall become effective upon the latest to occur of
(1) adoption by the Board, and (2) approval of this Plan by the shareholders of the Company. 
  

 3Exhibit 10.63 -- Employee Restricted Stock Plan

 Exhibit 10.63 
  
 2006 EMPLOYEE RESTRICTED STOCK PLAN 
  
 1. PURPOSE OF THE PLAN 
  
 The purpose of this MCG Capital Corporation 2006 Employee Restricted Stock Plan (this “Plan”) is to advance the interests of MCG Capital
Corporation (the “Company”) and its consolidated subsidiaries by providing to employees of the Company and its consolidated subsidiaries additional incentives, to the extent permitted by law, to exert their best efforts on behalf of the
Company, to increase their proprietary interest in the success of the Company, to reward outstanding performance and to provide a means to attract and retain persons of outstanding ability to the service of the Company. It is recognized that the
Company’s efforts to attract or retain these individuals will be facilitated with this additional form of compensation. 
  
 2. ADMINISTRATION 
  
 This Plan shall be administered by the Compensation Committee (the “Committee”) of the Company’s Board of Directors (“Board”),
which Committee is comprised solely of directors who are not interested persons of the Company within the meaning of Section 2(a)(19) of the Investment Company Act of 1940, as amended (the “Act”). The Committee shall interpret this
Plan and, to the extent and in the manner contemplated herein, shall exercise the discretion reserved to it hereunder. The Committee from time to time may prescribe, amend and rescind rules and regulations relating to this Plan and may make and
approve all other determinations necessary for its administration. The decision of the Committee on any interpretation of this Plan or administration hereof, if in compliance with the provisions of the Act and regulations promulgated thereunder,
shall be final and binding with respect to the Company. 
  
 3. SHARES SUBJECT
TO THE PLAN 
  
 The shares subject to this Plan shall be
shares of the Company’s common stock, par value $0.01 per share (“Shares”). Subject to the provisions hereof concerning adjustment, the total number of shares that may be awarded as restricted shares under this Plan shall not exceed
3,500,000 Shares. Any Shares that are granted pursuant to an award of restricted stock under this Plan but that are subsequently forfeited pursuant to the terms of the Plan or an award agreement shall again be available for granting under this Plan.
Shares may be made available under this Plan from authorized, un-issued, forfeited or reacquired stock or partly from each. 
  
 4. PARTICIPANTS 
  
 (A) Employees. The Committee shall determine and designate from time to time those employees of the Company and its consolidated subsidiaries who shall be
eligible to participate in this Plan (the “Participants”). The Committee shall also determine the number of Shares to be offered from time to time to the Participants. In making these determinations, the Committee may take into account,
among other things, the past service of such Participants on behalf of the Company and its consolidated subsidiaries, the present and potential contributions of such Participants to the success of the Company and its consolidated subsidiaries and
such other factors as the Committee from time to time shall deem relevant in connection with accomplishing the purposes of this Plan. 
  
 (B) Award Agreements. All Shares of restricted stock granted to Participants under the Plan will be governed by an agreement. The agreement documenting
the award of any restricted stock granted pursuant to this Plan shall contain such terms and conditions as the Committee from time to time shall deem advisable, including but not limited to the lapsing of forfeiture restrictions, only in such
installments as the Committee may determine or otherwise prescribe. Agreements governing awards made to different Participants or at different times need not contain similar provisions. In the case of any discrepancy between the terms of the Plan
and the terms of any award agreement, the Plan provisions shall control. 
  

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 5. RESTRICTED STOCK 
  
 Each agreement governing an award of restricted stock shall state the number of Shares subject to the award, the terms and conditions pursuant to which
such Participant shall acquire a non-forfeitable right to the Shares awarded as restricted stock through the lapsing of forfeiture provisions and the timing of the lapsing of forfeiture provisions, all as from time to time determined or otherwise
prescribed by the Committee. Shares awarded as restricted stock to some or all of the Participants, as determined from time to time by the Committee, may be subject to forfeiture provisions relating to continued employment during stated periods of
time and/or may include for key employees and other Participants forfeiture provisions relating to the achievement of one or more objective performance goals based upon attainment of specified levels of any one or more of the following business
criteria: dividend coverage, operating income, growth in operating income, capital gains, asset quality, levels of non-accrual or other challenged investments, and/or investment charge-offs, and/or may also include any one or more of the following
additional business criteria: asset growth, revenue, revenue growth, operating efficiency, division, group or corporate financial goals, total shareholder return, attainment of strategic and operational initiatives, appreciation in and/or
maintenance of the price of the Shares or any other publicly-traded securities of the Company, and/or comparisons with various stock market indices. The Committee shall have the power to impose such other conditions or restrictions on Awards subject
to this Section as it may deem necessary or appropriate to ensure that such Awards satisfy all requirements for “performance-based compensation” within the meaning of Section 162(m) of the Internal Revenue Code. 
  
 6. LIMITATIONS ON RESTRICTED STOCK AWARDS 
  
 Grants of restricted stock awards shall be subject to the following
limitations: 
  
 (A) No one Participant shall be granted awards
of restricted stock relating to more than 25% of the Shares available for issuance under this Plan. 
  
 (B) In any fiscal year, no Participant may be granted awards under this Plan related to more than 500,000 Shares. 
  
 (C) The total number of shares that may be outstanding as restricted shares
under all of the Company’s compensation plans shall not exceed ten (10) percent of the total number of Shares authorized and outstanding at any time. 
  

(D) The amount of voting securities that would result from the exercise of all of the Company’s outstanding warrants, options, and rights,
together with any restricted stock issued pursuant to this Plan and any other compensation plan of the Company, at the time of issuance shall not exceed 25% of the outstanding voting securities of the Company, provided, however, that if the
amount of voting securities that would result from the exercise of all of the Company’s outstanding warrants, options, and rights issued to the Company’s directors, officers, and employees, together with any restricted stock issued
pursuant to this Plan and any other compensation plan of the Company, would exceed 15% of the outstanding voting securities of the Company, then the total amount of voting securities that would result from the exercise of all outstanding warrants,
options, and rights, together with any restricted stock issued pursuant to this Plan, at the time of issuance shall not exceed 20% of the outstanding voting securities. 
  
 (E) Shares of restricted stock will not be granted under this Plan at any time when the Shares are trading at a price below
net asset value. 
  
 7. TRANSFERABILITY OF RESTRICTED STOCK 
  
 While subject to forfeiture provisions, Shares of restricted stock granted
under this Plan shall not be transferable other than to the spouse or lineal descendants (including adopted children) of the Participant, any trust for the benefit of the Participant or the benefit of the spouse or lineal descendants (including
adopted children) of the Participant, or the guardian or conservator of the Participant (“Permitted Transferees”). 
  
 8. TERMINATION OF RESTRICTED STOCK AWARDS 
  
 A Participant’s rights to Shares awarded as restricted stock under this Plan shall, under all circumstances, be set forth in the agreement governing
the award of such Shares of restricted stock. 
  

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 9. EFFECT OF CHANGE IN STOCK SUBJECT TO THE PLAN 
  
 Subject to any required action by the shareholders of the Company and the provisions of applicable corporate law, the number
of Shares that has been authorized or reserved for issuance, grant or award under this Plan and the number of Shares covered by any applicable vesting or forfeiture schedule hereunder, shall be proportionately adjusted for (a) a division,
combination or reclassification of any of the Shares or (b) a dividend payable in Shares. 
  
 10. MISCELLANEOUS PROVISIONS 
  
 (A) The Board will review the Plan at least annually. In addition, the Committee will review periodically the potential impact that issuances of awards under this Plan could have on the Company’s earnings and net asset value per Share,
such review to take place prior to any decisions to grant awards under this Plan, but in no event less frequently than annually. 
  
 (B) The Committee is authorized to take appropriate steps to ensure that neither the grant of nor the lapsing of the forfeiture restrictions on awards
under this Plan would have an effect contrary to the interests of the Company’s stockholders. This authority includes the authority to prevent or limit the granting of additional awards under this Plan. 
  
 (C) The granting of any award under the Plan shall not impose upon the
Company any obligation to employ or continue to employ any Participant, and the right of the Company and its subsidiaries to terminate the employment of any Participant or other employee shall not be diminished or affected by reason of the fact that
an award has been made under the Plan to such Participant. 
  
 (D)
All awards under this Plan shall be made within ten years from the earlier of the date of adoption of this Plan (or any amendment thereto requiring shareholder approval pursuant to the Code) or the date this Plan (or any amendment thereto requiring
shareholder approval pursuant to the Code) is approved by the stockholders of the Company. 
  
 (E) A leave of absence granted to an employee does not constitute an interruption in continuous employment for purposes of this Plan as long as the leave of absence does not extend beyond 12 complete calendar months.

  
 (F) Any notices given in writing shall be deemed given if
delivered in person or by certified mail; if given to the Company addressed to its Corporate Secretary at MCG Capital Corporation, 1100 Wilson Boulevard, Suite 3000, Arlington, VA 22209. 
  
 (E) This Plan and all actions taken by those acting under this Plan shall be governed by the substantive laws of Delaware
without regard to any rules regarding conflict-of-law or choice-of-law. 
  
 (F) All costs and expenses incurred in the operation and administration of this Plan shall be borne by the Company. 
  
 11. AMENDMENT AND TERMINATION 
  
 The Board may modify, revise or terminate this Plan at any time and from time to time, subject to applicable requirements in (a) the Company’s
articles of incorporation or by-laws and (b) applicable law and orders. The Board shall seek stockholder approval of any action modifying a provision of the Plan where it is determined that such stockholder approval is approprite under the
provisions of (a) applicable law or orders, or (b) the Company’s articles of incorporation or by-laws. This Plan shall terminate when all Shares reserved for issuance 

  

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hereunder have been issued and the forfeiture restrictions on all restricted stock awards have lapsed, or by action of the Board pursuant to this paragraph,
whichever shall first occur. 
  
 12. EFFECTIVE DATE OF THE PLAN 

 
 The Plan shall become effective upon the latest to occur of
(1) adoption by the Board, and (2) approval of this Plan by the shareholders of the Company. 
  

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