Document:

Exhibit 10.2

 

This RESTRICTED STOCK AGREEMENT is entered into
as of ________________, 20___ (the “Grant Date”),
between BED BATH & BEYOND INC. (the “Company”)
and ________________ (“you”).

 

1.     Restricted Stock Grant.  Subject to the
restrictions, terms and conditions of the Plan and this Agreement, the Company
hereby awards you the number of shares of Common Stock specified in paragraph 7
below.  The shares are subject to certain
restrictions as set forth in the Plan and this Agreement.  Until vested, the shares are referred to
herein as “Restricted
Stock.”

 

2.     The Plan.  The Restricted Stock
is entirely subject to the terms of the Company’s 2004 Incentive Compensation
Plan (the “Plan”).  A
description of key terms of the Plan is set forth in the Prospectus for the
Plan.  Capitalized terms used but not
defined in this Agreement have the meanings set forth in the Plan.

 

3.     Restrictions on Transfer.  You will not sell,
transfer, pledge, hypothecate, assign or otherwise dispose of (any such action,
a “Transfer”) the Restricted Stock, except as set forth in the
Plan or this Agreement.  Any attempted
Transfer in violation of the Plan or this Agreement will be void and of no
effect.

 

4.     Forfeiture.  Upon your
Termination or the failure to attain the performance goal discussed in
paragraph 7 below, all unvested Restricted Stock shall immediately be forfeited
without compensation.  Notwithstanding
the foregoing, the Restricted Stock will vest in full upon a Termination by
reason of your death or Disability, by the Company without Cause or, if
provided in an agreement between you and the Company in effect as of the Grant
Date, by you for Good Reason or due to a Constructive Termination without
Cause, as each such term (or concept of like import) is defined in that agreement,
but only, in each case, if such event occurs (i) before the Committee has
determined whether or not the performance goal described in paragraph 7 has
been attained, or (ii) after attainment of the performance goal.  If you have been granted Company stock
options that are subject to accelerated vesting upon a “Change in Control” as
defined in an employment agreement between you and the Company in effect as of
the Grant Date, your Restricted Stock will also vest in full upon a Change in
Control (as defined in that agreement).

 

5.     Retention of Certificates.  Promptly after the
Grant Date, the Company will recognize your ownership of the Restricted Stock
through uncertificated book entry, another similar method, or issuance of stock
certificates representing the Restricted Stock. 
Any stock certificates will be registered in your name, bear any legend
that the Committee deems appropriate to reflect any restrictions on Transfer,
and be held in custody by the Company or its designated agent until the
Restricted Stock vests.  If requested by
the Company, you will deliver to the Company a duly signed stock power,
endorsed in blank, relating to the Restricted Stock.  If you receive a dividend (whether in cash or
stock) on the Restricted Stock, the Restricted Stock shares are split, or you
receive other shares, securities, monies, warrants, rights, options or property
representing a dividend or distribution in respect of the Restricted Stock, you
will immediately deposit with the Company, or the Company will retain, any such
rights or property (including cash or any certificates representing shares duly
endorsed in blank or accompanied by stock powers duly endorsed in blank), which
shall be subject to the same restrictions as the Restricted Stock and be
encompassed within the term

 

1

 

“Restricted Stock” as used herein.

 

6.     Rights with Regard to Restricted Stock.  On and after
the Grant Date, you will have the right to vote the Restricted Stock and to
exercise all other rights, powers and privileges of a holder of Common Stock
with respect to the Restricted Stock set forth in the Plan, except:  (i) you will not be entitled to delivery
of any unvested Restricted Stock, and the Company (or its designated agent)
will retain custody of any such shares; (ii) no part of the Restricted
Stock will bear interest or be segregated in separate accounts; and (iii) you
may not Transfer any unvested Restricted Stock.

 

7.     Grant Size; Vesting Schedule; Performance Goal.  Restricted
Stock covered by this Award:  _________________
shares (representing $___________, valued at the Grant Date).  The performance goal applicable to the
Restricted Stock has been set forth in a resolution by an appropriate
Board-level committee and separately communicated to you.  Except as otherwise provided in paragraph 4
above, your vesting in any portion of the Restricted Stock is contingent on
attainment of the performance goal before the first Vesting Date (and, if
required under Section 162(m) of the Code, on subsequent certification of
that attainment by the Committee).  In
the event the performance goal is not attained during the time period described
above, all of the Restricted Stock shall be forfeited without compensation.  Subject to the attainment of the performance
goal (and, if required, the subsequent certification described above), the
vesting schedule applicable to the Restricted Stock is as follows:

 

	
  Vesting Date

  	
   

  	
  Percent

  Vested

  	
   

  
	
  Later of (x) [3rd] anniversary of Grant
  Date and (y) if such anniversary falls within a scheduled blackout period to
  which you are subject (“SBP”),
  the date of expiration of the SBP (“DESBP”)

  	
   

  	
  [20%

  	
   

  
	
  Later of (x)
  [4th] anniversary of Grant Date and (y) DESBP

  	
   

  	
  20%

  	
   

  
	
  Later of (x)
  [5th] anniversary of Grant Date and (y) DESBP

  	
   

  	
  20%

  	
   

  
	
  Later of (x)
  [6th] anniversary of Grant Date and (y) DESBP

  	
   

  	
  20%

  	
   

  
	
  Later of (x)
  [7th] anniversary of Grant Date and (y) DESBP

  	
   

  	
  20%]

  	
   

  

 

Restricted Stock that vests will cease to be
Restricted Stock (but will remain subject to the terms of the Plan).  The number of shares to which you become
entitled on vesting shall be subject to reduction by the Company, at its
option, to cover the applicable minimum statutorily required withholding
obligation.  Fractional shares shall not
vest but shall instead be accumulated for vesting as whole shares in accordance
with Company policy, with full vesting scheduled to occur no later than the
final Vesting Date.  All unscheduled
blackout periods (each, a “UBP”) and SBPs are determined by the Company.  If a Vesting Date occurs during a UBP to
which you are subject, (i) you will vest in the applicable shares on the
applicable Vesting Date, but (ii) you will be unable to sell your shares
(net of any shares withheld at the Company’s option to pay minimum required
taxes) until the later of (x) the expiration of the UBP, or (y) in the event
the expiration of the UBP falls within a SBP, the immediately following DESBP.

 

All vesting will occur only on the
appropriate Vesting Dates, with no proportionate or partial vesting in the period
prior to any such date.  Except as
otherwise provided in the preceding paragraph, when any Restricted Stock
becomes vested, the Company (unless it determines a delay is required under
applicable law or rules) will promptly issue and deliver to you a stock
certificate registered in your

 

2

 

name or will promptly recognize ownership of
your shares through uncertificated book entry or another similar method,
subject to applicable federal, state and local tax withholding in a manner
acceptable to the Committee.  You will be
permitted to transfer shares of Restricted Stock following the expiration of
the Restriction Period, but only to the extent permitted by applicable law.

 

8.     Notice.  Any notice or
communication to the Company concerning the Restricted Stock must be in writing
and delivered in person, or by U.S. mail, to the following address (or another
address specified by the Company): Bed Bath & Beyond Inc., Finance Department – Stock
Administration, 650 Liberty Avenue, Union, New Jersey  07083.  In accordance with the Plan, you must
deliver an executed copy of this Agreement to the Company.

 

	
  BED BATH & BEYOND INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  An Authorized Officer

  	
   

  	
  Restricted Stock Recipient (You)

  

 

3Exhibit 4.1

 

AMENDMENT NO. 1 

TO

RIGHTS AGREEMENT

 

This Amendment
No. 1 to Rights Agreement (this “Amendment”), dated as of July 1,
2005, is between Cornell Companies, Inc., a Delaware corporation (the “Company”),
and Computershare Trust Company, Inc. as Rights Agent.

 

WHEREAS, the
Company entered into that certain Rights Agreement dated May 1, 1998,
between Cornell Corrections, Inc. and American Securities Transfer &
Trust, Inc. (the predecessor in interest to Computershare Trust Company, Inc.),
as Rights Agent (the “Rights Agreement”); and

 

WHEREAS, the
Board of Directors of the Company, having determined its actions to be in the
best interests of the Company, has authorized this Amendment to the Rights
Agreement to allow the Rights Agreement and the Rights created thereunder to
expire as of the Close of Business on July 8, 2005.

 

NOW,
THEREFORE, in consideration of the promises and the mutual agreements herein
set forth, the parties hereto agree as follows:

 

1.             Capitalized terms not otherwise
defined herein shall have the meanings set forth in the Rights Agreement.

 

2.             The
definition of “Final Expiration Date” in Section 1 of the Rights Agreement
is hereby amended to read in its entirety as follows:

 

“Final
Expiration Date” shall mean the Close of Business on July 8, 2005.

 

3.             The Rights Agreement as amended by
this Amendment embodies the entire agreement and understanding of the parties
hereto and supersedes all prior agreements and understandings of the
parties.  The Rights Agreement as amended
by this Amendment shall remain in full force and effect, and all rights and
power created hereby or thereunder are in all respects ratified and confirmed
and shall remain in full force and effect.

 

[Signature page follows]

 

 

IN WITNESS
WHEREOF, the parties hereto have caused this Amendment to be duly executed and
attested, all as of the day and year first above written.

 

	
   

  	
  CORNELL
  COMPANIES, INC.

  
	
  Attest:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By: 

  	
  /s/ Elissa
  Gouser-Hyman

  	
   

  	
  By: 

  	
  /s/ James E.
  Hyman

  	
   

  
	
  Name:

  	
  Elissa
  Gouser-Hyman

  	
   

  	
  Name:

  	
  James E.
  Hyman

  	
   

  
	
  Title: 

  	
  President,
  Marketing Strategies LLC

  	
   

  	
  Title: 

  	
  Chief
  Executive Officer

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  COMPUTERSHARE
  TRUST COMPANY, INC.

  as Rights Agent

  
	
  Attest:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By: 

  	
  /s/ John M.
  Wahl

  	
   

  	
  By: 

  	
  /s/ Kellie
  Gwinn

  	
   

  
	
  Name:

  	
  John M. Wahl

  	
   

  	
  Name: 

  	
  Kellie Gwinn

  	
   

  	
   

  
	
  Title:

  	
  Corporate
  Trust Officer

  	
   

  	
  Title: 

  	
  Vice
  President

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