Document:

Filed by Bowne Pure Compliance

 

EXHIBIT 10.6

StarTek, Inc.

2008 Equity Incentive Plan

Restricted Stock Award Agreement

(Director)

	 	 	 
	Name of Participant:
	 	 
	 
	 	 
	Number of Shares Covered:

	 	Date of Grant:
	 
	 	 
	Vesting Schedule (Cumulative):
	 	 
	 
	 	 
	Date(s) of Vesting

	 	Number of Shares Which Become Vested
	 

	 	 

This is a Restricted Stock Award Agreement (the “Agreement”), effective as of the Date of Grant
specified above, between StarTek, Inc., a Delaware corporation (the “Company”), and you, the
Participant identified above.

Background*

A. The Company maintains the StarTek, Inc. 2008 Equity Incentive Plan (the “Plan”).

B. Under the Plan, the Board has the authority to determine Awards and administer the Plan
with respect to Awards involving Non-Employee Directors.

C. The Board has determined that you are eligible to receive a Restricted Stock Award under
the Plan.

D. The Company hereby grants such an award to you subject to the following terms and
conditions:

 

	 	 	 
	*	 	Any capitalized term used in this Agreement shall have
the meaning set forth in this Agreement (including in the table at the
beginning of this Agreement) or, if not defined in this Agreement, set forth in
the Plan as it currently exists or as it is amended in the future.

 

 

 

Terms and Conditions

1. Grant of Restricted Stock.

(a) You are granted the number of Shares of Restricted Stock specified in the table at the
beginning of this Agreement (the “Award”). Unless and until these Shares vest as provided in
Section 2 below, they are subject to the restrictions provided for in this Agreement and are
referred to as “Restricted Shares.”

(b) The Restricted Shares will either be evidenced by a book entry made in the records of the
Company’s transfer agent in your name, or by a certificate issued in your name. Each book entry or
stock certificate evidencing any Restricted Shares may contain such notifications or legends and
stock transfer instructions or limitations as provided herein or as may be determined or authorized
by the Company in its sole discretion. If a certificate evidencing any Restricted Shares is
issued, the Company shall retain custody of such certificate until such Shares vest. While any
certificate representing Restricted Shares is held by the Company, you agree to deliver to the
Company a stock power duly executed in blank relating to such certificate if requested by the
Company.

2. Vesting of Award.

(a) Scheduled Vesting. If you have continuously provided Service to the Company or an
Affiliate from the Date of Grant, then the Restricted Shares will vest in the numbers and on the
dates specified in the Vesting Schedule contained in the table at the beginning of this Agreement.
This Award will also vest on an accelerated basis (notwithstanding the Vesting Schedule) as and to
the extent described in Section 2(b) of this Agreement.

(b) Change in Control. If a Change in Control shall occur at a time when you have
continuously provided Service to the Company or an Affiliate since the Date of Grant, then this
Award shall immediately vest in full.

3. Effect of Vesting. Upon the vesting of any Restricted Shares, all contractual
restrictions on such vested Shares as specified in this Agreement will lapse and such vested Shares
will no longer be subject to forfeiture as provided in Section 5 below. Upon vesting, the Company
will either deliver to you a stock certificate evidencing the number of Shares that have vested
that is free of any applicable restrictive legend, remove any applicable restrictive notation or
legend associated with any book-entry registration of such vested Shares in your name with the
Company’s transfer agent, or electronically deliver such vested Shares to a brokerage account
designated by you. Any such action by the Company shall be conditioned upon compliance with
applicable legal requirements as contemplated by Section 22(c) of the Plan.

4. Applicable Restrictions. The Restricted Shares may not be transferred, sold, assigned,
pledged, alienated, attached or otherwise encumbered (collectively, a “Transfer”) prior to the time
they vest in accordance with this Agreement, except for a transfer by will or the laws of descent
and distribution in the event of your death. Any prohibited Transfer will be void and
unenforceable against the Company. No attempted Transfer of any Restricted Shares that is
prohibited hereunder,
whether voluntary or involuntary, shall vest the purported transferee with any interest or right in
or with respect to such Shares.

 

2

 

5. Forfeiture of Shares. If any of the Restricted Shares become the subject of an
attempted Transfer, or your Service with the Company and its Affiliates terminates for any reason,
this Award will immediately terminate and all Restricted Shares will be forfeited to the Company.

6. Actions in Connection With a Forfeiture of Shares. The Company will be authorized to
cancel any and all certificates representing Restricted Shares so forfeited or, if the Restricted
Shares are evidenced by a book-entry made in the records of the Company’s transfer agent, to cause
such book-entry to be adjusted to reflect the number of Restricted Shares so forfeited.

7. Restrictive Legend. Any book entry or certificate representing Restricted Shares shall
contain a notation or bear the following legend:

“THE SHARES REPRESENTED BY THIS [BOOK-ENTRY] [CERTIFICATE] MAY BE TRANSFERRED ONLY IN
ACCORDANCE WITH THE TERMS OF A RESTRICTED STOCK AGREEMENT BETWEEN THE COMPANY AND THE
STOCKHOLDER, A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY.”

You agree that in order to ensure compliance with the restrictions referred to in this Agreement,
the Company may issue appropriate “stop transfer” instructions to its transfer agent.

8. Rights as a Stockholder. As of the Date of Grant, you shall have all of the rights of a
stockholder of the Company with respect to the Restricted Shares (including voting rights and the
right to receive dividends and other distributions), except as otherwise specifically provided in
this Agreement.

9. Adjustments for Changes in Capitalization. This Restricted Stock Award shall be subject
to adjustments for changes in the Company’s capitalization as provided in Section 18 of the Plan.

10. Interpretation of This Agreement. All decisions and interpretations made by the Board
with regard to any question arising hereunder or under the Plan shall be binding and conclusive
upon you and the Company. If there is any inconsistency between the provisions of this Agreement
and the Plan, the provisions of the Plan shall govern.

11. Discontinuance of Service. Neither this Agreement nor the Award shall confer on you
any right with respect to continued Service with the Company or any of its Affiliates, nor
interfere in any way with the right of the Company or any Affiliate to terminate such Service.
Nothing in this Agreement shall be construed as creating an employment contract for any specified
term between you and the Company or any Affiliate.

 

3

 

12. Tax Consequences. You may file a written election with the Internal Revenue Service,
within 30 days of the Date of Grant, electing pursuant to Section 83(b) of the Code to be taxed
currently on the Fair Market Value of the Restricted Shares as of the Date of Grant. You
acknowledge that it is your sole responsibility to timely file an election under Section 83(b) of
the Code. If you make such election, you shall promptly provide the Company with a copy. If you
do not make an election to be taxed currently under Section 83(b), then at the time the Restricted
Shares vest, you will be obligated to recognize ordinary income in an amount equal to the Fair
Market Value as of the date of vesting of the Restricted Shares then vesting.

13. Award Subject to Plan. The Award evidenced by this Agreement is granted pursuant to
the Plan, the terms of which are hereby made a part of this Agreement. This Agreement shall in all
respects be interpreted in accordance with the terms of the Plan. If any terms of this Agreement
conflict with the terms of the Plan, the terms of the Plan shall control, except as the Plan
specifically provides otherwise.

14. Binding Effect. This Agreement shall be binding in all respects on your heirs,
representatives, successors and assigns.

15. Choice of Law. This Agreement is entered into under the laws of the State of Delaware
and shall be construed and interpreted thereunder (without regard to its conflict of law
principles).

You and the Company have executed this Agreement as of the
 _____ 
day of
 _____ 
, 20_.

	 	 	 	 	 
	 	 	PARTICIPANT
	 
	 	 	 	 
	 	 	 
	 
	 	 	 	 
	 	 	STARTEK, INC.
	 
	 	 	 	 
	 

	 	By	 	 
	 

	 	 	 	 
	 

	 	Its	 	 
	 

	 	 	 	 

 

4Exhibit 10.1

January 13, 2006

Cecilia McKenney

Dear Cecilia:

On behalf of the Senior  Leadership  here at Citizens,  we are thrilled that you
will be joining us! It is my pleasure to confirm our offer of employment for the
position  of  Senior   Vice   President   of  Human   Resources   for   Citizens
Communications.  The work location for this position is in Stamford,  CT and the
start date for your employment with Citizens is February 7, 2006.

Your cash compensation is based upon three components:  an annual base salary of
$275,000,  an  annual  incentive  target  of 60% of Base  Salary  which  will be
pro-rated  for 2006  based on your  first  date of  employment  and a long  term
incentive compensation in the form of an annual award of restricted shares of an
amount that is determined each year by the  Compensation  Committee of the Board
of Directors.  The base salary is paid on a  Semi-Monthly  basis.  The incentive
compensation is earned based upon achieving the goals of the Citizens  Incentive
Plan,  which is paid on an annual basis,  generally  toward the end of the first
quarter  following the completion and  certification of the operating  year-end.
You will be eligible for the long term incentive compensation  determined in the
first quarter of 2007 and each year thereafter.

In  addition,  you will  receive a sign on bonus of  $50,000  in cash and 30,000
restricted  shares  that will vest over a  four-year  period.  These  additional
benefits will be provided to you within 30 days of your start date.

Finally,  we are also offering you an Enhanced  Severance  Benefit of one year's
salary and bonus  target in the event that your  position  is  eliminated,  your
responsibilities  materially  change,  your  title,  base pay or cash  incentive
target changes for any reason other than cause during a period that commences on
the effective  date of a Change in Control and ends on the first  anniversary of
the date which a Change of Control takes place, should that occur.

This offer is contingent upon the Company's  receipt of acceptable  results of a
standard  background check which has three components:  a criminal record check,
drug screening and verification of education and employment.
<PAGE>

I will have Tracey  Siegel,  our Director of Staffing  send to you the Company's
New Hire Kit under separate cover. The Authorization forms need to be filled out
completely in order to process your background check.  Please return these forms
to  Tracey  as soon  as  possible.  Included  in the New  Hire  Kit  will be the
Background Check Authorization  Forms, a drug testing form that you will need to
bring with you to work on the first day, the  Citizens  Employee  Handbook,  our
Code of Conduct and key benefits information. Please be advised that your health
and welfare benefits will begin on your 30th day of employment and as a Citizens
Communications  employee,  you will be eligible to participate in our full range
of benefits.

This  offer is not an  express or implied  contract,  promise  or  guarantee  of
employment,  of any particular position,  or of any particular term or condition
of employment.  Your  employment by the Company is at will and is subject to the
conditions  set forth in the Code of  Conduct as well as  Company  policies  and
applicable to Federal, State and local laws.

Cecilia,  I am  personally  excited about the  opportunity  to work with you. On
behalf of  Citizens  Communications,  I welcome you to our team and I am looking
forward to the benefits  that your  leadership  will bring to the people side of
our business.  Please do not hesitate to contact me with any questions regarding
this offer.

To  acknowledge  your  acceptance of this offer,  please sign the bottom of this
offer letter and fax it back to me directly.  Please return the original  signed
offer letter in the enclosed envelope.

Sincerely,

/s/ Maggie

Maggie Wilderotter
Chairman and CEO

Enclosure:  return envelope

<PAGE>

By signing below, I hereby accept the Citizens Communications Company's offer of
employment. I understand this offer does not provide a contract of employment
with Citizens Communications for any specified period of time. I further agree
to abide by the employment policies and procedures established by the Company.

/s/ Cecilia K. McKenney                            1/14/06
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Signature                                            Date

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