Document:

EX-10.2

FORM OF RSU LTIP AGREEMENT

PERFORMANCE BASED RESTRICTED STOCK UNIT AWARD AGREEMENT

TO: <<Participant>>

     To encourage your continued service as a key employee of Lionbridge Technologies, Inc. or
a Subsidiary (collectively, the “Company”), and in consideration and recognition of the fact that
you have access to certain trade secrets and confidential information of Lionbridge, you have been
granted this performance based restricted stock unit award (the “Award”) pursuant to the Company’s
2011 Stock Incentive Plan (the “Plan”). The Award represents the right to receive shares of Common
Stock of the Company subject to the fulfillment of the vesting conditions set forth in this
agreement (this “Agreement”).

     The terms of the Award are as set forth in this Agreement and in the Plan. The Plan is
incorporated into this Agreement by reference, which means that this Agreement is limited by and
subject to the express terms and provisions of the Plan. In the event of a conflict between the
terms of this Agreement and the terms of the Plan, the terms of the Plan shall control. Capitalized
terms that are not defined in this Agreement have the meanings given to them in the Plan. The most
important terms of the Award are summarized as follows:

     1.      Award Date:      January 4, 2013

     2.      Number of Restricted Stock Units Subject to this Award:            

     3.      Vesting Schedule: The Award will vest according to the following schedule:

(a) In general.  All Restricted Stock Units shall be subject to forfeiture
(“unvested”) and shall be forfeited in accordance with the Forfeiture Schedules set forth in
Section 3(b) below based on upon the achievement of revenue and profitability targets (the
“Revenue Target” and the “Profitability Target”), during the calendar year of the grant and the
following calendar year (the “Measuring Period”).

	 	(b)	 	Forfeiture Schedule. 

All Restricted Stock Units shall be subject to forfeiture (“unvested”) and shall be forfeited
in accordance with the following schedule based on percent completion of the Revenue Target and the
Profitability Target within the requisite Measurement Period as follows:

  

	 	 	 	 	 
	Percent of Revenue target achieved

within the Measurement Period

	 	Percent of Restricted Stock Unit

Forfeited

	 

	 	 	 	 
	100%

	 	 	0	%
	 

	 	 	 	 
	99%

	 	 	3	%
	 

	 	 	 	 
	98%

	 	 	6	%
	 

	 	 	 	 
	97%

	 	 	9	%
	 

	 	 	 	 
	96%

	 	 	12	%
	 

	 	 	 	 
	95%

	 	 	15	%
	 

	 	 	 	 
	94%

	 	 	18	%
	 

	 	 	 	 
	93%

	 	 	21	%
	 

	 	 	 	 
	92%

	 	 	24	%
	 

	 	 	 	 
	91%

	 	 	27	%
	 

	 	 	 	 
	90%

	 	 	30	%
	 

	 	 	 	 
	89%

	 	 	33	%
	 

	 	 	 	 
	88%

	 	 	36	%
	 

	 	 	 	 
	87%

	 	 	39	%
	 

	 	 	 	 
	86%

	 	 	42	%
	 

	 	 	 	 
	85%

	 	 	45	%
	 

	 	 	 	 
	84%

	 	 	48	%
	 

	 	 	 	 
	83%

	 	 	51	%
	 

	 	 	 	 
	82%

	 	 	54	%
	 

	 	 	 	 
	81%

	 	 	57	%
	 

	 	 	 	 
	80%

	 	 	60	%
	 

	 	 	 	 
	< 80%

	 	 	100	%

	 	 	 	 	 
	Percent of Profitability target	 	 
	achieved within the Measurement	 	Percent of Restricted Stock Unit
	Period	 	Forfeited
	100%

	 	 	0	%
	 

	 	 	 	 
	99%

	 	 	2	%
	 

	 	 	 	 
	98%

	 	 	4	%
	 

	 	 	 	 
	97%

	 	 	6	%
	 

	 	 	 	 
	96%

	 	 	8	%
	 

	 	 	 	 
	95%

	 	 	10	%
	 

	 	 	 	 
	94%

	 	 	12	%
	 

	 	 	 	 
	93%

	 	 	14	%
	 

	 	 	 	 
	92%

	 	 	16	%
	 

	 	 	 	 
	91%

	 	 	18	%
	 

	 	 	 	 
	90%

	 	 	20	%
	 

	 	 	 	 
	89%

	 	 	22	%
	 

	 	 	 	 
	88%

	 	 	24	%
	 

	 	 	 	 
	87%

	 	 	26	%
	 

	 	 	 	 
	86%

	 	 	28	%
	 

	 	 	 	 
	85%

	 	 	30	%
	 

	 	 	 	 
	84%

	 	 	32	%
	 

	 	 	 	 
	83%

	 	 	34	%
	 

	 	 	 	 
	82%

	 	 	36	%
	 

	 	 	 	 
	81%

	 	 	38	%
	 

	 	 	 	 
	80%

	 	 	40	%
	 

	 	 	 	 
	79%

	 	 	42	%
	 

	 	 	 	 
	78%

	 	 	44	%
	 

	 	 	 	 
	77%

	 	 	46	%
	 

	 	 	 	 
	76%

	 	 	48	%
	 

	 	 	 	 
	75%

	 	 	50	%
	 

	 	 	 	 
	74%

	 	 	52	%
	 

	 	 	 	 
	73%

	 	 	54	%
	 

	 	 	 	 
	72%

	 	 	56	%
	 

	 	 	 	 
	71%

	 	 	58	%
	 

	 	 	 	 
	70%

	 	 	60	%
	 

	 	 	 	 
	< 70%

	 	 	100	%
	 

	 	 	 	 

  

(c) To the extent earned in accordance with the above schedule and provided you have remained
an employee of the Company continuously to January 1st of the year immediately following
the Measuring Period, your rights to the shares represented by the Restricted Stock Units shall
become nonforfeitable (“vested”) on the date the Company publicly releases earnings for the second
year of the Measuring Period.

 

(d) In the event of your death, Disability or a termination of your employment by the Company
(or a Subsidiary thereof) other than a termination for cause, if the event occurs after the end of
the calendar year of the Grant but before the end of the Measuring Period, your rights to one-half
of the number of shares represented by the Restricted Stock Unit Award that would otherwise become
nonforfeitable (“vested”) on the date the Company publicly releases earnings for the second year of
the Measuring Period shall become vested as of such date.

 

(e) In the event of a Reorganization Event, your Restricted Stock Unit Award shall vest
without any further action on the part of the Company or you as of the date of the Change of
Control.

  

(f) Definitions.  

	 	(i)	 	For all purposes of this Agreement, the term “Reorganization Event”
shall have the meaning set forth in Section 11 of the Plan.

	 	(ii)	 	The term “Revenue Target” means $ to be achieved on a cumulative
basis within the Measurement Period.

	 	(iii)	 	The term “Profitability Target” means $        to be achieved on a
cumulative basis within the Measurement Period and determined as follows:

	 	•	 	Income from Operations, plus

	 	•	 	Merger, Restructuring & other charges

	 	•	 	Amortization of Acquisition Related Intangibles

	 	•	 	Depreciation

	 	•	 	Amortization, and

	 	•	 	Stock Based Compensation Expense

(g) The Grantee acknowledges and agrees that the Nominating and Compensation Committee of the
Board of Directors may in its sole discretion adjust either Target to reflect the impact of foreign
currency exchange rate fluctuations during the Measurement Period or any other extraordinary
events.

     4.      Conversion of Restricted Stock Units and Issuance of Shares. Upon each vesting of
the Award (each, a “Vest Date”), one share of Common Stock shall be issuable for each restricted
stock unit that vests on such Vest Date (the “Shares”), subject to the terms and provisions of the
Plan and this Agreement. Thereafter, the Company will transfer such Shares to you upon satisfaction
of any required tax withholding obligations. No fractional shares shall be issued under this
Agreement.

     5. Termination of Service. The unvested portion of the Award will terminate
automatically and be forfeited to the Company immediately and without further notice upon
termination of your service as an employee of the Company for any reason (including as a result of
death or disability). No Shares shall be issued or issuable with respect to any portion of the
Award that terminates unvested and is forfeited.

     6.     Right to Shares. You shall not have any right in, to or with respect to any of
the Shares (including any voting rights or rights with respect to dividends paid on the Common
Stock) issuable under the Award until the Award is settled by the issuance of such Shares to you.

     7.      Taxes.

     (a)  Generally. You are ultimately liable and responsible for all taxes owed in
connection with the Award. The Company does not commit and is under no obligation to structure the
Award to reduce or eliminate your tax liability.

     (b)  Payment of Withholding Taxes. Prior to any event in connection with the Award (e.g.,
vesting) that the Company determines may result in any domestic or foreign tax withholding
obligation, whether national, federal, state or local, including any social tax obligation (the
“Tax Withholding Obligation”), you must arrange for the satisfaction of the minimum amount of such
Tax Withholding Obligation in a manner acceptable to the Company.

     (c)  Right to Retain Shares. The Company may refuse to issue any Shares to you until you
satisfy the Tax Withholding Obligation. To the maximum extent permitted by law, the Company has the
right to retain without notice from Shares issuable under the Award or from salary payable to you,
Shares or cash having a value sufficient to satisfy the Tax Withholding Obligation.

      8. Limitation on Rights; No Right to Future Grants. By entering into this Agreement
and accepting the Award, you acknowledge that: (a) the Plan is discretionary and may be modified,
suspended or terminated by the Company at any time as provided in the Plan; (b) the grant of the
Award is a one-time benefit and does not create any contractual or other right to receive future
grants of awards or benefits in lieu of awards; (c) all determinations with respect to any such
future grants, including, but not limited to, the times when awards will be granted, the number of
shares subject to each award, the award price, if any, and the time or times when each award will
be settled, will be at the sole discretion of the Company; (d) your participation in the Plan is
voluntary; (e) the value of the Award is an extraordinary item which is outside the scope of your
service contract, if any; (f) the Award is not part of normal or expected compensation for any
purpose, including without limitation for calculating any benefits, severance, resignation,
termination, redundancy, end of service payments, bonuses, long-service awards, pension or
retirement benefits or similar payments; (g) the future value of the Common Stock subject to the
Award is unknown and cannot be predicted with certainty, (h) neither the Plan, the Award nor the
issuance of the Shares confers upon you any right to continue in the service of (or any other
relationship with) the Company or any Subsidiary, (i) the grant of the Award will not be
interpreted to form an employment relationship with the Company or any Subsidiary and (j) you
confirm your continuing obligations of confidentiality with respect to any confidential information
of the Company or any Subsidiary.

     9.     Execution of Award Agreement. Please acknowledge your acceptance of the terms and
conditions of the Award by signing the original of this Agreement and returning it to the Company.

Very truly yours,

LIONBRIDGE TECHNOLOGIES, INC.

1

ACCEPTANCE AND ACKNOWLEDGMENT

     I accept the Restricted Stock Unit Award described in this Agreement and in the Plan, and
acknowledge receipt of a copy of this Agreement and the Plan, and acknowledge that I have read them
carefully and that I fully understand their contents.

	 	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	Dated:

	 	 
	 	 
	 	 
	 	 
	
 
	 	 
	 	 
	 	 
	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 

	 	 
	 	 
	 	 
	 	 
	Taxpayer I.D. Number	 	 	 	<<Participant>>
	 

	 	 
	 	 
	 	 
	 	 
	 

	 	 
	 	Address:
	 	 
	 	 
	 

	 	 
	 	 
	 	 
	 	

	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

2

Lionbridge Technologies, Inc.

Performance Based Restricted Stock Unit Award

	 	 	 	 	 
	Name:	 	NAME
	Number of Restricted

Stock Units:

	 	

number

	Date of Grant:

	 	January 4, 2013

	Amount paid:

	 	$	0	 
	Vesting Schedule:

	 	Upon achievement of Revenue and Profitability Targets

measured over the period of 2013 and 2014.

3EX-10.3

LIONBRIDGE TECHNOLOGIES, INC.

INDPEPENDENT DIRECTORS’ COMPENSATION POLICY

Amended and Restated as of January 4, 2013

Each non-employee member of the Board of Directors of Lionbridge Technologies, Inc. who directly
holds less than 1% of the Company’s outstanding common stock (an “Eligible Director”) shall receive
compensation made up of (i) an annual retainer payable in cash and through a restricted stock unit
(the “Retainer”), (ii) an initial grant of stock options upon election to the Board (the “Initial
Option Grant”) and (iii) an annual grant of stock options (the “Annual Option Grant”).

In addition, each Eligible Director who serves on the Audit Committee shall receive an annual
cash retainer in connection with such service (the “Audit Retainer”).

Chairmen of the Audit Committee and the Nominating and Compensation Committee shall receive an
additional annual retainer (the “Audit Chairman Retainer” and the “Nominating and Compensation
Chairman Retainer”).

All non-employee directors shall be entitled to travel expense reimbursement and shall be covered
by the provisions of the Company’s charter and bylaws with respect to liability.

Annual Retainer.

Each Eligible Director shall receive an annual cash retainer in the amount of $25,000 and an annual
equity retainer in the form of Restricted Stock Units with a value on the date of grant of $30,000,
determined based on the closing stock price of the Company’s common stock on the date of grant.
This Cash Retainer will be paid annually in advance on the date of the Company’s Annual Meeting of
Stockholders to each Eligible Director and the Restricted Stock Units will be granted annually in
advance on the date of the Company’s Annual Meeting of Stockholders to each Eligible Director.

Meeting Fees.

Each Eligible Director shall receive an additional fee for attendance at any unscheduled or special
Board Meeting. Regularly scheduled Board Meetings consist of the four quarterly Board meetings,
the meeting to approve the Annual Report on Form 10-K and the meeting to review the Corporation’s
budget. This additional fee is $500 for a telephonic meeting and $2,000 for an in-person meeting.

Deferred Compensation Plan.

Each Eligible Director shall have the option to defer all or a portion of his or her annual cash or
equity retainer, and any committee retainer, in the Company’s Deferred Compensation Plan for
Independent Directors.

Initial Option Grant. 

On the date of election to his or her first term as a director, each Eligible Director shall
automatically be granted a stock option to purchase 20,000 shares of common stock of the Company
and the Annual Option described below. The exercise price of this Initial Option shall be equal to
fair market value of the Company’s stock on the date of grant and the Initial Option shall vest
over two years from the date of grant at the rate of 50% on each of the first and second
anniversaries of the date of grant. The Initial Option shall be issued under the terms and
provisions of any of the Company’s then existing equity plans that have been approved by the
Company’s stockholders. The Initial Option shall have a term of 5 years.

Annual Option Grant. 

On the date of the Company’s Annual Meeting of Stockholders, each Eligible Director shall
automatically be granted a stock option to purchase 10,000 shares of common stock of the Company.
The exercise price of this Annual Option shall be equal to fair market value of the Company’s stock
on the date of grant and the Annual Option shall vest over two years from the date of grant from
the date of grant at the rate of 50% on each of the first and second anniversaries of the date of
grant. The Annual Option shall be issued under the terms and provisions of any of the Company’s
then existing equity plans that have been approved by the Company’s stockholders. The Annual
Option shall have a term of 5 years.

Audit Retainer.

In addition to the Annual Retainer, each Eligible Director (other than the Audit Committee
Chairman) serving on the Audit Committee shall receive an annual cash retainer in the amount of
$5,000. This Audit Retainer will be paid annually in advance on the date of the Company’s Annual
Meeting of Stockholders to each Eligible Director.

Audit Chairman Retainer. 

The Chairman of the Audit Committee shall receive an annual cash retainer in the amount of $15,000,
in addition to the Annual Retainer. This Audit Chairman Retainer will be paid annually in advance
on the date of the Company’s Annual Meeting of Stockholders.

Nominating and Compensation Chairman Retainer. 

The Chairman of the Nominating and Compensation Committee shall receive an annual cash retainer in
the amount of $15,000, in addition to the Annual Retainer. This Nominating and Compensation
Committee Chairman Retainer will be paid annually in advance on the date of the Company’s Annual
Meeting of Stockholders.

Lead Director Retainer. 

The Lead Director shall receive an annual cash retainer in the amount of $15,000, in addition to
the Annual Retainer. This Retainer will be paid annually in advance on the date of the Company’s
Annual Meeting of Stockholders.

Expense Reimbursement.

All directors shall be reimbursed for reasonable travel expenses in connection with attendance at
meetings of the Company’s Board of Directors and its committees. Commercial airfare reimbursement
is limited to coach fare.

Directors’ Liability.

The Company’s Amended and Restated Certificate of Incorporation provides that no director of the
Company shall be personally liable to the Company or its stockholders for monetary damages for
breach of fiduciary duty as a director. There are exceptions to these protections in the case of
any of the following:

	 	•	 	Breach of the director’s duty of loyalty to the Company or its stockholders;

	 	•	 	Acts or omissions not in good faith or which involve intentional misconduct or a
knowing violation of law;

	 	•	 	Under Section 174 of the General Corporation Law of Delaware (relating to unlawful
declaration of dividends and unlawful purchase of the Company’s stock)

	 	•	 	Any transaction from which the director derived an improper personal benefit.

The Company has and does maintain Directors’ and Officers’ liability insurance coverage with a
$20,000,000 limit.

Change of Control.

Upon the closing of a Change of Control of the Company (as such term is defined in the Company’s
Change of Control Plan) any outstanding but unvested Option or RSU shall become fully vested and
exercisable.

Retirement.

Upon the retirement (as hereinafter defined) of any Director from service from the Board of
Directors, any outstanding but unvested shares under any Option or RSU held by such Director that
are scheduled to vest on or before December 31 of the calendar year of retirement shall become
fully vested and exercisable. Where used herein, the term “retirement” means a decision by a
Director to decline nomination for re-election to another term as a director of the Company
following service of at least one full term as a Director.

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