Document:

2000 Stock Incentive Plan form of Restricted Stock Unit Award

 Exhibit 10.18 
 STEC, INC. 
 RESTRICTED STOCK UNIT AWARD AGREEMENT 
 Dear [                    ]: 
 STEC, Inc. (the “Corporation”) is pleased to inform you that you have been awarded Restricted Stock Units (the “Units”) under the
Corporation’s 2000 Stock Incentive Plan, as amended and restated (the “Plan”). To the extent they become vested, the Units will entitle you to receive shares of the Corporation’s common stock (the “Common
Stock”) in a series of installments over your period of continued Service with the Corporation. 
 The Units are a non-voting bookkeeping device
used under the Plan solely to determine any share issuance to eventually be made to you if and when the Units vest. Each Unit represents the right to receive one share of the Corporation’s Common Stock on the vesting date of that Unit. Unlike a
typical stock option grant, the shares will be issued to you for your continued Service over the vesting period, without any cash payment required from you. However, you must arrange with the Corporation for the payment of the applicable income and
employment withholding taxes (described below) that the Corporation must collect upon the issuance of those shares. 
 Capitalized terms not otherwise
defined in the body of this Agreement shall have the meaning assigned to them in the attached Appendix. 
 This Agreement sets forth the number of Units and
underlying number of shares of Common Stock subject to your award, the applicable vesting schedule for those Units and underlying shares, the dates on which your vested shares will be issued to you and the remaining terms and conditions governing
your award (the “Award”). 
  

			
	Award Date:	 	[                         ,
20        ]
		
	Number of Units:	 	[            ] units representing an equal number of shares of Common Stock (the “Shares”)
		
	Vesting Schedule:	 	The Units will vest in a series of [            ] successive equal [annual/quarterly/monthly] installments upon your
completion of each successive [year/quarter/month] of Service over the [            ] period measured from the [    ] day of
[                    , 20        ].
		
	Issuance Schedule:	 	The Shares will be issued immediately upon the vesting of Units in accordance with the foregoing Vesting Schedule. In no event, however, will any Shares actually be issued to you unless and
until the applicable Withholding Taxes are collected from you.

 Other important features of your Award are as follows: 
 1. Forfeitability. Should you cease Service prior to vesting in one or more Units subject to your Award, your Award will be cancelled with respect to those unvested Units (and the underlying Shares) on
the first date you are no longer in Service, regardless of the reason for the termination of your Service, whether with or without cause, voluntary or involuntary. The number of your Units will be reduced accordingly, and you will cease to have any
right or entitlement to receive any Shares under those cancelled Units. 
 The vesting schedule requires your continued Service through each
applicable vesting date as a condition to the vesting of the applicable installment of the Award and the rights and benefits under this Agreement. Service for only a portion of a vesting period, even if a substantial portion, will not entitle you to
any proportionate vesting or avoid or mitigate the forfeiture that occurs upon the termination of your Service. 
 2. Transferability. Prior to
your actual receipt of the Shares in which you vest under your Award, you may not transfer any interest in your Award, your Units or the underlying Shares or pledge or otherwise hedge the sale of those Units or Shares, including (without limitation)
any short sale or any acquisition or disposition of any put or call option or other instrument tied to the value of those Shares. Any attempt by you to do so will result in an immediate forfeiture of all of the Units awarded to you hereunder.
However, your right to receive any Shares which have vested under your Units at or prior to your death but which remain unissued at the time of your death may be transferred pursuant to the provisions of your will or trust or the laws of inheritance
or to your designated beneficiary following your death. You may make such a beneficiary designation at any time by filing the appropriate form with the Plan Administrator or its designee. 
 3. Shareholder Rights. The Units create no fiduciary duty to you, and shall create only a contractual obligation on the part of the Corporation to issue
Shares, subject to vesting and other terms and conditions of this Agreement and the Plan. The Units shall not be treated as property or as a trust fund of any kind. 
 You will not have any shareholder rights, including voting rights or dividend rights, with respect to the Shares subject to your Award until you become the record holder of those Shares upon their actual issuance to
you following the Corporation’s collection of the applicable Withholding Taxes. Except as otherwise provided in Paragraph 4, no adjustments will be made for dividends or other rights of a holder for which the record date is prior to the
date of issuance of the stock certificate evidencing the shares. 
 Issuance of Shares following vesting of the corresponding Units shall be
in complete satisfaction of such vested Units. 
  

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 4. Adjustments. Should any change be made to the Common Stock subject to your Award by reason of any stock
split, stock dividend, recapitalization, combination of shares, exchange of shares or other change affecting the outstanding Common Stock as a class without the Corporation’s receipt of consideration, appropriate adjustments will be made to the
number and/or class of securities issuable hereunder and the number and/or class of securities that vest on each vesting date pursuant to the Vesting Schedule set forth above. 
 5. Federal Income Taxation. You will realize ordinary income for federal income tax purposes on each date that Shares subject to your Award are issued to you, which is generally on or about the date on
which you vest in the related portion of your Award, whether pursuant to the normal Vesting Schedule above or the special acceleration provisions of Paragraph 8 of this Agreement, and the Corporation must collect from you the applicable
income taxes required to be withheld as a result of that income. The amount of your taxable income on each such date will be equal to the Fair Market Value per share of Common Stock on that date times the number of Shares issued to you on that date.

 6. FICA Taxes. The Corporation must also collect from you the employee portion of the FICA (Social Security and Medicare) taxes that become
due as the Shares subject to your Award vest in accordance with the provisions of this Agreement. The FICA taxes due on each such vesting date will be based on the Fair Market Value per share of Common Stock on that date. 
 7. Withholding Taxes. All applicable Withholding Taxes, as determined by the Corporation, must be collected from you as and when they become due. You may
pay such Withholding Taxes through one of the following alternatives: 
  

	 	•	 	 delivering a check payable to the Corporation in the amount of such Withholding Taxes; 

  

	 	•	 	 irrevocable instructions given by you to a broker to remit to the Corporation cash from a previously established account you have with such broker in the amount of
such Withholding Taxes; or 

  

	 	•	 	 the use of proceeds from a next day sale of the Shares in which you vest, provided and only if (i) such a sale is permissible under the
Corporation’s trading policies governing your sale of Corporation shares, (ii) you make an irrevocable commitment, before the vesting date for those Shares, to effect such sale of the Shares and (iii) the transaction is not otherwise
deemed to constitute a prohibited loan under Section 402 of the Sarbanes-Oxley Act of 2002. 

 The Plan Administrator
may, in its sole discretion and pursuant to procedures authorized and established by the Plan Administrator for such purpose, permit you to pay the Withholding Taxes that the Corporation must collect as the Shares vest and become issuable under the
Award by allowing you to direct the Corporation to withhold a portion of those vested Shares with a Fair Market Value (measured as of the vesting date) equal to the amount of such Withholding Taxes; provided, however, that the amount
of any Shares so withheld shall not exceed the amount necessary to satisfy the Corporation’s required tax withholding obligations using the minimum statutory withholding rates for federal and state tax purposes, including payroll taxes, that
are applicable to supplemental taxable income. You will be notified in writing in the event such Share withholding mechanism is actually to be made available to you with respect to one or more Shares that vest under this Agreement. 
  

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 If any withholding event occurs other than with respect to the vesting of such Units, or if the
Corporation for any reason is unable to satisfy the withholding obligations with respect to the vesting of the Units or issuance of Shares through any of the collection procedures specified in this Paragraph 7, the Corporation shall be
entitled to require you to make a cash payment and/or to deduct from other compensation payable to you the amount of any such withholding obligation. 
 8.
Corporate Transaction. The following provisions shall govern the treatment of your Units in the event of a Corporate Transaction should occur during your period of Service. 
 (a) Should the closing of a Corporate Transaction occur during your period of Service, then any Units at the time subject to your Award may be assumed by
the successor entity or otherwise continue in full force and effect. No accelerated vesting of the Units shall occur in the event of such assumption or continuation of the Award. 
 (b) In the event the Award is assumed or otherwise continued in effect, the Units at the time subject to the Award will be adjusted immediately after the
consummation of the Corporate Transaction so as to apply to the number and class of securities into which the Shares subject to those units immediately prior to the Corporate Transaction would have been converted in consummation of that Corporate
Transaction had those Shares actually been outstanding at that time. To the extent the actual holders of the outstanding Common Stock receive cash consideration for their Common Stock in consummation of the Corporate Transaction, the successor
corporation may, in connection with the assumption or continuation of the Restricted Stock Units subject to your Award, substitute one or more shares of its own common stock with a fair market value equivalent to the cash consideration paid per
share of Common Stock in the Corporate Transaction. 
 (c) If the Units subject to your Award are not so assumed or otherwise
continued in effect under Paragraph 8(b), then those units will vest immediately prior to the closing of the Corporate Transaction. The Shares subject to those vested units will be issued immediately (or otherwise converted into the right to
receive the same consideration per share of Common Stock payable to the other shareholders of the Corporation in consummation of that Corporate Transaction), subject to the Corporation’s collection of all applicable federal and state
Withholding Taxes. 
 (d) Notwithstanding anything in this Section 8 to the contrary, in the event that the issuance of any Shares under
this Section would lead to the early inclusion of income under Section 409A of the Code and a related excise tax, the distribution of such Shares shall be delayed until the next permissible distribution event that would not result in early
inclusion of income or an excise tax under Section 409A of the Code. 
 9. Securities Law Compliance. The Corporation will use its
reasonable commercial efforts to assure that all Shares issued pursuant to this Agreement are registered under the federal securities laws. However, no Shares will be issued pursuant to your Award if such issuance would otherwise constitute a
violation of any applicable federal or state securities laws or 

  

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regulations or the requirements of the NASDAQ National Market or any Stock Exchange on which the Common Stock may then be listed. The inability of the
Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance of any Shares hereunder shall defer the Corporation’s liability with respect to the non-issuance of such
Shares until such approval shall have been obtained. 
 10. Transfer Restriction. None of the issued Shares may be sold or transferred in
contravention of (i) any market blackout periods the Corporation may impose from time to time or (ii) the Corporation’s insider trading policies to the extent applicable to you from time to time. 
 11. Benefit Limit. In the event the accelerated vesting and issuance of the Shares subject to your Award would (along with any other benefits or payments
to which you may be entitled in connection with any change in control or ownership of the Corporation or the subsequent termination of your Service) otherwise constitute a parachute payment under Code Section 280G (such other benefits or
payments and the Shares subject to accelerated vesting are referred to collectively as the “Parachute Payments”), the accelerated vesting and issuance of those Shares shall be subject to possible reduction under this Paragraph
11. Such accelerated vesting and issuance of Shares shall be reduced to the extent necessary to assure that you receive only the greater of the after-tax amount, taking into account any excise tax you incur under Code
Section 4999, of (i) Parachute Payments that do not cause you to incur any excise tax under Code Section 4999, or (ii) all Parachute Payments without reduction. The extent of any reduction in accelerated vesting under this
Paragraph 11 shall be determined by the Corporation in its sole discretion, and the Corporation in its sole discretion may, in lieu of reducing the accelerated vesting, reduce or eliminate any of the other Parachute Payments to the extent
necessary to satisfy this Paragraph 11. 
 12. Notice. Any notice to be given or delivered to the Corporation relating to this Agreement
shall be in writing and addressed to the Corporation at its principal corporate offices. Any notice to be given or delivered to you relating to this Agreement shall be in writing and addressed to you at the address indicated below your signature
line on the last page of this Agreement or such other address of which you later advise the Corporation in writing. All notices shall be deemed effective upon personal delivery or upon deposit in the U.S. mail, postage prepaid and properly addressed
to the party to be notified. 
 13. Successors and Assigns. The provisions of this Agreement shall inure to the benefit of, and be binding
upon, the Corporation and its successors and assigns and upon you your legal representatives, heirs and the legatees of your estate. 
 14.
Construction. This Agreement and the Award evidenced hereby are made and granted pursuant to the Plan and are in all respects limited by and subject to the terms of the Plan. The Plan Administrator shall have the discretionary
authority to interpret and construe any term or provision of the Plan or this Agreement, and such interpretation shall be binding on all persons having an interest in the Award. 
 15. Governing Law. The interpretation, performance and enforcement of this Agreement shall be governed by the laws of the State of California without resort to that State’s conflict-of-laws rules.

  

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 16. At Will Employment. Nothing in this Agreement or your Award will provide you with any right to continue
in Service for any period of specific duration or interfere with or otherwise restrict in any way your right or the right of the Corporation to terminate your Service at any time for any reason, with or without cause, or for no reason. 

17. MANDATORY ARBITRATION. ANY AND ALL DISPUTES OR CONTROVERSIES BETWEEN YOU AND THE CORPORATION ARISING OUT OF, RELATING TO OR OTHERWISE CONNECTED WITH
THIS AGREEMENT OR THE AWARD OF RESTRICTED STOCK UNITS EVIDENCED HEREBY OR THE VALIDITY, CONSTRUCTION, PERFORMANCE OR TERMINATION OF THIS AGREEMENT SHALL BE SETTLED EXCLUSIVELY BY BINDING ARBITRATION TO BE HELD IN THE COUNTY IN WHICH YOU ARE (OR HAVE
MOST RECENTLY BEEN) EMPLOYED BY THE CORPORATION (OR ANY PARENT OR SUBSIDIARY) AT THE TIME OF SUCH ARBITRATION. THE ARBITRATION PROCEEDINGS SHALL BE GOVERNED BY (i) THE NATIONAL RULES FOR THE RESOLUTION OF EMPLOYMENT DISPUTES THEN IN EFFECT OF
THE AMERICAN ARBITRATION ASSOCIATION AND (ii) THE FEDERAL ARBITRATION ACT. THE ARBITRATOR SHALL HAVE THE SAME, BUT NO GREATER, REMEDIAL AUTHORITY AS WOULD A COURT HEARING THE SAME DISPUTE. THE DECISION OF THE ARBITRATOR SHALL BE FINAL,
CONCLUSIVE AND BINDING ON THE PARTIES TO THE ARBITRATION AND SHALL BE IN LIEU OF THE RIGHTS THOSE PARTIES MAY OTHERWISE HAVE TO A JURY TRIAL; PROVIDED, HOWEVER, THAT SUCH DECISION SHALL BE SUBJECT TO CORRECTION, CONFIRMATION OR
VACATION IN ACCORDANCE WITH THE PROVISIONS AND STANDARDS OF APPLICABLE LAW GOVERNING THE JUDICIAL REVIEW OF ARBITRATION AWARDS. THE PREVAILING PARTY IN SUCH ARBITRATION, AS DETERMINED BY THE ARBITRATOR, AND IN ANY ENFORCEMENT OR OTHER COURT
PROCEEDINGS, SHALL BE ENTITLED, TO THE EXTENT PERMITTED BY LAW, TO REIMBURSEMENT FROM THE OTHER PARTY FOR ALL OF THE PREVAILING PARTY’S COSTS (PROVIDED, HOWEVER, IF THE CORPORATION IS NOT THE PREVAILING PARTY, THEN THE
ARBITRATOR’S COMPENSATION, FEES AND COSTS SHALL BE PAID BY THE CORPORATION IF SUCH COMPENSATION, FEES AND COSTS ARE REQUIRED TO BE PAID BY THE CORPORATION IN ACCORDANCE WITH APPLICABLE LAW), EXPENSES AND ATTORNEY’S FEES. JUDGMENT SHALL BE
ENTERED ON THE ARBITRATOR’S DECISION IN ANY COURT HAVING JURISDICTION OVER THE SUBJECT MATTER OF SUCH DISPUTE OR CONTROVERSY. NOTWITHSTANDING THE FOREGOING, EITHER PARTY MAY IN AN APPROPRIATE MATTER APPLY TO A COURT PURSUANT TO CALIFORNIA CODE
OF CIVIL PROCEDURE SECTION 1281.8, OR ANY COMPARABLE STATUTORY PROVISION OR COMMON LAW PRINCIPLE, FOR PROVISIONAL RELIEF, INCLUDING A TEMPORARY RESTRAINING ORDER OR A PRELIMINARY INJUNCTION. TO THE EXTENT PERMITTED BY LAW, THE PROCEEDINGS AND
RESULTS, INCLUDING THE ARBITRATOR’S DECISION, SHALL BE KEPT CONFIDENTIAL. 
 18. Remaining Terms. The remaining terms and conditions of
your Award are governed by the Plan, and your Award is also subject to all interpretations, amendments, rules and regulations that may from time to time be adopted under the Plan. The official prospectus summarizing the 

  

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principal features of the Plan is available for review online. Following is the link to Wealthviews, the Corporation’s online stock administrator. The
user id should be your social security number (no dashes), and the initial pin (if you haven’t used the system before) would be the last 6 digits of your social security number. https://www.wealthviews.com/stec/ 
 Please review the prospectus carefully so that you fully understand your rights and benefits under your Award and the limitations, restrictions and
vesting provisions applicable to the Award. In the event of any conflict between the provisions of this Agreement and those of the Plan, the provisions of the Plan shall be controlling. 
 [CONTINUED ON FOLLOWING PAGE] 
  

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 You acknowledge reading and understanding the Plan, the prospectus for the Plan, and this Agreement.
Provisions of the Plan that confer discretionary authority on the Board or the Plan Administrator do not (and shall not be deemed to) confer in you any rights unless such rights are expressly set forth herein or are otherwise in the sole discretion
of the Board or the Plan Administrator conferred by appropriate action after the date hereof. 
 Please execute the Acknowledgment section
below to indicate your acceptance of the terms and conditions of your Award. 
  

			
	STEC, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 ACKNOWLEDGMENT 
 I hereby acknowledge and accept the foregoing terms and conditions of the Restricted Stock Unit award evidenced hereby. I further acknowledge and agree
that the foregoing sets forth the entire understanding between the Corporation and me regarding my entitlement to receive the shares of the Corporation’s common stock subject to such award and supersedes all prior oral and written agreements on
that subject. 
  

			
	 Signature:
	 	  

	 Address:
	 	  

	  

	 Dated:
	 	  

  

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 APPENDIX 
 The following definitions shall be in effect under the Agreement: 
  

	A.	Agreement shall mean this Restricted Stock Unit Agreement. 

  

	B.	Board shall mean the Corporation’s Board of Directors. 

  

	C.	Code shall mean the Internal Revenue Code of 1986, as amended. 

  

	D.	Common Stock shall mean the Corporation’s Common Stock. 

  

	E.	Corporate Transaction shall mean either of the following shareholder-approved transactions to which the Corporation is a party: 

 (i) a merger or consolidation in which securities possessing more than fifty percent (50%) of the total combined voting power of the
Corporation’s outstanding securities are transferred to a person or persons different from the persons holding those securities immediately prior to such transaction, or 
 (ii) the sale, transfer or other disposition of all or substantially all of the Corporation’s assets in complete liquidation or dissolution of the
Corporation. 
  

	F.	Corporation shall mean STEC, Inc., a California corporation, and any corporate successor to all or substantially all of the assets or voting stock of STEC, Inc., which
shall by appropriate action adopt the Plan. 

  

	G.	Employee shall mean an individual who is in the employ of the Corporation (or any Parent or Subsidiary), subject to the control and direction of the employer entity as
to both the work to be performed and the manner and method of performance. 

  

	H.	Fair Market Value per share of Common Stock on any relevant date shall be determined in accordance with the following provisions: 

 (i) If the Common Stock is at the time traded on the Nasdaq National Market, then the Fair Market Value shall be the closing selling price per share of
Common Stock at the close of regular hours trading (i.e., before after-hours trading begins) on the Nasdaq National Market on the date in question, as such price is reported by the National Association of Securities Dealers. If there is no closing
selling price for the Common Stock on the date in question, then the Fair Market Value shall be the closing selling price on the last preceding date for which such quotation exists. 
 (ii) If the Common Stock is at the time listed on any Stock Exchange, then the Fair Market Value shall be the closing selling price per share of Common
Stock at the close of regular hours trading (i.e., before after-hours trading begins) on the date in question on the Stock Exchange determined by the Plan Administrator to be the primary market for the Common Stock, as such price is officially
quoted in the composite tape of transactions on such exchange. If there is no closing selling price for the Common Stock on the date in question, then the Fair Market Value shall be the closing selling price on the last preceding date for which such
quotation exists. 
  

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	I.	Parent shall mean any corporation (other than the Corporation) in an unbroken chain of corporations ending with the Corporation, provided each corporation in the
unbroken chain (other than the Corporation) owns, at the time of the determination, stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the other corporations in such chain.

  

	J.	Plan Administrator shall mean either the Board or a committee of the Board acting in its capacity as administrator of the Plan. 

  

	K.	Service shall mean your performance of services for the Corporation (or any Parent or Subsidiary) by a person in the capacity of an Employee, a non-employee member of
the board of directors or a consultant or independent advisor. For purposes of this Agreement, you shall be deemed to cease Service immediately upon the occurrence of either of the following events: (i) you no longer perform services in any of
the foregoing capacities for the Corporation or any Parent or Subsidiary or (ii) the entity for which you are performing such services ceases to remain a Parent or Subsidiary of the Corporation, even though you may subsequently continue to
perform services for that entity. 

  

	L.	Stock Exchange shall mean either the American Stock Exchange or the New York Stock Exchange. 

  

	M.	Subsidiary shall mean any corporation (other than the Corporation) in an unbroken chain of corporations beginning with the Corporation, provided each corporation
(other than the last corporation) in the unbroken chain owns, at the time of the determination, stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the other corporations in such
chain. 

  

	N.	Withholding Taxes shall mean the federal, state and local income and employment taxes required to be withheld by the Corporation in connection with the issuance of the
shares of Common Stock that vest under the Award. 

  

 - 10 -FORM OF RESTRICTED STOCK GRANT AGREEMENT

 Exhibit 10.1 
 FORM OF 
 GSI GROUP INC. 
 200     ANNUAL EQUITY INCENTIVE PLAN 
 Restricted
Stock Grant Agreement 
 THIS AGREEMENT made as of this
            day of             , 20            by and between GSI
GROUP INC., a corporation continued and existing under the laws of New Brunswick, Canada (the “Company”), and the individual identified below (the “Recipient”). 
 W I T N E S S E T H T H A T: 
 WHEREAS, Recipient’s association with the Company or an Affiliate is considered by the Company to be important for the growth of it and its Affiliates; and 
 WHEREAS, the Company intends to issue Recipient restricted shares of the Company’s Common Stock pursuant to the
Company’s 2006 Equity Incentive Plan (the “Plan”) according to the terms and conditions hereof; 
 WHEREAS, the Recipient agrees to receive the stock subject to the restrictions set forth herein, and subject to forfeiture in the event that Recipient fails to vest ownership; and 
 WHEREAS, such restrictions will lapse and the shares will vest in accordance with the terms set forth below; 
 NOW, THEREFORE, in consideration of the promises and mutual covenants herein and other good and
valuable consideration, receipt of which is hereby acknowledged, the parties agree as follows: 
  

	1.	Issuance of Common Stock 

 1.1. The Company hereby
agrees to issue to Recipient an aggregate of                             
(            ) shares of Common Stock in consideration of his/her performance of future services, and on the terms and conditions of this Agreement and all other applicable terms and
conditions of the Plan. 
 1.2 All of the share numbers set forth in the Plan reflect the capital structure of the Company as of the date of
the approval of the Plan by the Company’s shareholders on May 15, 2006. Subject to the Plan, if subsequent to that date the outstanding shares of Stock (or any other securities covered by the Plan by reason of the prior application of this
Section) are increased, decreased, or exchanged for a different number or kind of shares or other securities, or if additional shares or new or different shares or other securities are distributed with respect to shares of Stock, through
acquisition, merger, consolidation, sale of all or substantially all the property of the Company, reorganization, recapitalization, reclassification, stock dividend, stock split, reverse stock split, or other similar distribution 

 
with respect to such shares of Stock, an appropriate and proportionate adjustment will be made in: (i) the maximum numbers and kinds of shares provided
in Section 4 below; (ii) the numbers and kinds of shares or other securities subject to the then outstanding Awards; (iii) the exercise price for each share or other unit of any other securities subject to then outstanding Options and
Stock Appreciation Rights (without change in the aggregate purchase price as to which such Options or Rights remain exercisable); and (iv) the repurchase price of each share of Restricted Stock then subject to a Risk of Forfeiture in the form
of a Company repurchase right. 
 1.3 For purposes of this Agreement, all shares granted hereunder shall be referred to as
“Restricted Shares” until such time as they convert to “Vested Shares” in the manner detailed herein. 
 1.4 Upon
receipt by the Company of a copy of this Agreement duly executed and completed by the Recipient, the Company shall hold the Restricted Shares in escrow in the name of Recipient until such time as the Restricted Shares become Vested Shares.

  

	2.	Vesting and Forfeiture of Restricted Shares 

 2.1.
All Restricted Shares shall be subject to the risk of forfeiture and repurchase for cancellation in accordance with Section 2.2. Restricted Shares shall vest and no longer be subject to the risk of forfeiture and repurchase for cancellation
under Section 2.2 upon satisfaction of the vesting provisions of Schedule A attached hereto. Restricted Shares which have vested in accordance with the provisions of Schedule A are herein referred to as “Vested
Shares”. Unless otherwise expressly provided on Schedule A, no Restricted Shares shall become Vested Shares following the date of the voluntary or involuntary termination of the Recipient’s employment or other association
with the Company and its Affiliates, for any reason whatsoever, including death or disability and/or an entity ceasing to be an Affiliate of the Company (“Recipient’s Termination Date”); provided however, that nothing herein shall
affect the Recipient’s rights under Articles 8 and 9 of the Plan; and provided further; that military or sick leave shall not be deemed a termination of employment or other association if it does not exceed the longer of 90 days or the period
during which the Recipient’s reemployment rights, if any, are guaranteed by statute or by contract. 
 2.2. As of the Recipient’s
Termination Date, all Restricted Shares shall be forfeited by the Recipient or any Permitted Transferee (as defined in Section 3.1 below), and shall be deemed automatically returned for cancellation by the Company. As of the Recipient’s
Termination Date, and without requirement of notice or other action, the Company shall become the legal and beneficial owner of all Restricted Shares and all rights and interests therein or relating thereto, and the Company shall receive for
cancellation such Restricted Shares for no consideration whatsoever. 
  

	3.	Restriction on Transfer 

 3.1. Other than as
provided in Section 6.4 of the Plan, and except for the escrow described in Section 4, no Restricted Shares or any beneficial interest therein shall be sold, transferred, assigned, pledged, encumbered or otherwise disposed of in any way at
any time 

 
(including, without limitation, by operation of law) other than to the Company or its assignees for cancellation. 
  

	4.	Escrow of Shares 

 4.1. Each Restricted Share
granted pursuant to this Agreement shall be held in escrow by the Company, as escrow holder (“Escrow Holder”) until it shall either: (a) be forfeited to and repurchased for cancellation by the Company upon the earlier of the
expiration of the vesting schedule in Schedule A, or at the Recipient’s Termination Date in accordance with Section 2; or (b) become a Vested Share and the Recipient shall have satisfied the requirements of Section 5 (relating to
tax withholdings) with respect to any taxable income attributable to such Share. 
 4.2. Upon the forfeiture of any Restricted Shares to, and
the return for cancellation by the Company in accordance with Section 2, the Company shall have the right as Escrow Holder to take all steps necessary to accomplish the transfer of such Share to it for cancellation, including but not limited
to, presentment of certificates representing the Restricted Shares, together with a stock power executed by or in the name of the Recipient appropriately completed by the Escrow Holder, to the Company’s transfer agent with irrevocable
instructions to register transfer of such Shares into the name of the Company for cancellation. The Recipient hereby appoints the Company as his or her irrevocable attorney-in-fact to execute in his or her name, acknowledge and deliver all stock
powers and other instruments as may be necessary or desirable with respect to the Restricted Shares. 
 4.3. When any portion of the
Restricted Shares have become Vested Shares, upon Recipient’s request the Company shall, at its sole election, either request that the Transfer Agent: 1.) issue and deliver a stock certificate for such Shares to Recipient; or 2.) electronically
transfer the Shares to a brokerage account in the name of Recipient. Issued certificates for Vested Shares shall be delivered directly to the Recipient and shall be free of the legend described in Section 8.3 below. In the event that any
certificates are issued with the legend described in Section 8.3, such certificates shall be replaced with certificates without the legend once all vesting requirements have been fulfilled. The Company reserves the right to require Recipient to
open a brokerage account at a designated brokerage firm for the express purpose of accepting delivery of Vested Shares. The Company’s obligations under this section are subject to the Recipient’s satisfaction of the requirements of
Section 5 relating to tax withholdings. 
 4.4. Until the Restricted Shares or any portion thereof become Vested Shares, Recipient
acknowledges and agrees that he/she has no right to receive dividends for any Restricted Shares and has no voting rights with respect to any Restricted Shares, and that the Company is designated as his agent in fact to vote all Restricted Shares. In
the event that a dividend is declared, the Company shall have the exclusive right to receive such dividend. If, from time to time during the term of the escrow, there occurs any corporate or other action giving rise to substituted or additional
securities by reason of ownership of the Restricted Shares, such substituted or additional securities shall be automatically deemed to be Restricted Shares subject to these terms and conditions, including Schedule A, and if 

 
certificated, the additional shares shall be immediately deposited with the Company as Escrow Holder. 
 4.5 Notwithstanding Section 7.3(b) of the Plan, certificates for Restricted Shares shall only be issued to Recipient at the time that the Restricted
Shares become Vested Shares. 
  

	5.	Tax Consequences 

 5.1. It is understood by the
Company and Recipient that the issuance of the Restricted Shares hereunder may be deemed compensatory in purpose and in effect, and that as a result the Company or an Affiliate may be obligated to pay withholding taxes in respect of such Restricted
Shares as a result of the receipt or vesting of the Restricted Shares. In the event that at the time the above-said withholding tax obligations arise: Recipient hereby agrees to provide the Company or its Affiliate with an amount sufficient to pay
all withholding taxes required to be paid as and when such taxes become payable. Recipient may elect to pay such amount: 1.) by directing the Company in writing to withhold sufficient net take home pay from his/her paycheck to satisfy the tax
obligation; provided however, that the full amount of the tax obligation must be satisfied by the net available proceeds of the paycheck immediately following the date that the shares vest; 2.) providing the Company with a check in the amount of the
tax obligation; or 3.) provided that a public market for the Company’s stock exists, through a “same day sale” commitment from the Recipient and a broker-dealer that is a member of the National Association of Securities Dealers (an
“NASD Dealer”) whereby the Recipient irrevocably elects to sell a portion of Restricted Shares sufficient to pay for the total of the Recipient’s tax obligation and whereby the NASD Dealer irrevocably commits upon receipt of the
proceeds from such shares to forward the proceeds to the Company. 
 5.2 In the event that Recipient fails to make timely provision for
payment of taxes, Company, in its capacity as Escrow Holder, may in its sole discretion sell on behalf of Recipient that number shares of Recipient’s Stock required to provide Company with net sale proceeds sufficient to satisfy Company’s
tax withholding obligations for Recipient. All such sale proceeds shall be delivered to Company by the broker to be used in satisfaction of Recipient’s tax obligation. 
 5.3 Recipient agrees that, in the event and to the extent the Company and its Affiliates determine that they are not obligated to withhold taxes payable
by Recipient with respect to Restricted Shares, but the Company or an Affiliate is later held liable due to any non-payment of taxes on the part of Recipient, the Recipient shall indemnify and hold the Company and its Affiliates harmless from the
amount of any payment made by them in respect of such liability. 
 5.4 Recipient hereby agrees to promptly deliver to the Company (and his
or her employing Affiliate, if applicable) a signed copy of any instrument, letter or other document he or she may execute and file with the Internal Revenue Service evidencing his or her election under Section 83(b)(2) of the Internal Revenue
Code of 1986, as amended, to treat his or her receipt of the Restricted Shares as includible in his or her gross income in the year of receipt. Recipient shall deliver the said copy of any such instrument of election within 

 
five (5) days after the date on which any such election is required to be made in accordance with the appropriate provisions of the Internal Revenue
Code or applicable Regulations thereunder. 
  

	6.	Account Administration 

 6.1 The Company has
appointed E*Trade Financial Corporate Services, Inc. (“E*Trade”) as the Company’s exclusive broker under this equity incentive plan. Recipient shall be required to open an E*Trade employee brokerage services account to receive Vested
Shares. 
 6.2 Section 16 officers of the Company are obligated to open and maintain a 10b5-1 Trading Plan with E*Trade Securities, LLC.
All trades of Company securities by Section 16 officers shall be exclusively through the officer’s E*Trade Rule 10b5-1 Trading Plan. To the extent that Recipient is or becomes a Section 16 officer of the Company, Recipient agrees to
be bound by the above trading restrictions. 
  

	7.	Compliance with Law 

 7.1 Recipient represents and
warrants, as a condition of transfer, that he or she is acquiring the Restricted Shares for his or her own account for the purpose of investment and not with a view to, or for sale in connection with, the distribution of any such Restricted Shares.

 7.2 Recipient acknowledges and agrees, that neither the Company nor any agent of the Company shall be under any obligation to recognize
any transfer of any of the Restricted Shares if, in the opinion of counsel for the Company, such transfer would result in violation by the Company of any federal or state law with respect to the offering, issuance or sale of securities. 

 

	8.	General Provisions 

 8.1 This Agreement shall be
governed and enforced in accordance with the terms of the Plan and the laws of the province of Ontario, Canada, without regard to the conflict of laws principles thereof, and shall be binding upon the heirs, personal representatives, executors,
administrators, successors and assigns of the parties. 
 8.2 This Agreement and the applicable terms of the Plan embody the complete
agreement and understanding among the parties hereto with respect to the subject matter hereof, supersedes and preempts any prior understandings, agreements or representations by or among the parties, written or oral, which may have related to the
subject matter hereof in any way and may only be modified or amended in writing signed by the Company and the Recipient. 
 8.3 All
Restricted Shares shall be endorsed with the following legend if issued prior to the completion of all vesting requirements: 
  

 The transferability of this certificate and the shares represented by this certificate are subject to
the terms and conditions (including, without limitation, the potential forfeiture and repurchase for cancellation of the same) of the 2006 Equity Incentive Plan and a Restricted Stock Grant Agreement entered into by the registered owner and GSI
Group Inc. Copies of such Plan and Agreement are on file in the offices of GSI Group Inc, 39 Manning Road, Billerica, Massachusetts 01821, U.S.A. 
 8.4 The rights and obligations of each party under this Agreement shall inure to the benefit of and be binding upon such party’s heirs, legal representatives, successors and permitted assigns. The rights and
obligations of the Company under this Agreement shall be assignable by the Company to any one or more persons or entities without the consent of the Recipient or any other person. The rights and obligations of any person other than the Company under
this Agreement may only be assigned with the prior written consent of the Company. 
 8.5 No consent to or waiver of any breach or default in
the performance of any obligations hereunder shall be deemed or construed to be a consent to or waiver of any other breach or default in the performance of any of the same or any other obligations hereunder. Failure on the part of any party to
complain of any act or failure to act of any other party or to declare any party in default, irrespective of the duration of such failure, shall not constitute a waiver of rights hereunder and no waiver hereunder shall be effective unless it is in
writing, executed by the party waiving the breach or default hereunder. 
 8.6 If any provision of this Agreement shall be held illegal,
invalid or unenforceable, such illegality, invalidity or unenforceability shall attach only to such provision and shall not in any manner affect or render illegal, invalid or unenforceable any other severable provisions of this Agreement.

 8.7 The headings in this Agreement are for convenience of identification only, do not constitute a part hereof, and shall not affect the
meaning or construction hereof. 
 8.8 Recipient agrees upon request to execute any further documents or instruments necessary or desirable
to carry out the purposes or intent of this Agreement. 
 8.9 In case of any dispute hereunder, the parties will submit to the exclusive
jurisdiction and venue of any state or federal court of competent jurisdiction sitting in the county in which the Company’s headquarters in the Commonwealth of Massachusetts is located, and will comply with all requirements necessary to give
such court jurisdiction over the parties and the controversy. Each party hereto, in addition to being entitled to exercise all rights granted by law including recovery of damages (but subject to the remainder of this subsection), will be entitled to
specific performance of his, her or its rights under this Agreement. The parties hereto agree that monetary damages would not be adequate compensation for any loss incurred by reason of a breach of the provisions of this Agreement and hereby agree
to waive the defense in any action for specific performance that a remedy at law would be adequate. EACH PARTY HEREBY WAIVES ANY RIGHT TO A JURY TRIAL AND TO CLAIM OR RECOVER PUNITIVE DAMAGES. Nothing contained 

 
in this Section shall be construed to limit or otherwise interfere in any respect with the authorities granted the Committee under the Plan, including
without limitation, its sole and exclusive discretion to interpret the Plan and all awards granted thereunder (including pursuant to this Agreement). 
 8.10 Nothing contained in this Agreement shall confer upon the Recipient any right with respect to the continuation of his or her employment or other association with the Company or any Affiliate, or interfere in any
way with the right of the Company and its Affiliates, subject to the terms of Recipient’s separate employment or consulting agreement, if any, or provision of law or corporate articles or by-laws to the contrary, at any time to terminate such
employment or consulting agreement or otherwise modify the terms and conditions of Recipient’s employment or association with the Company or an Affiliate. 
 8.11 This Agreement may be executed in one or more counterparts, each of which when executed shall be deemed an original and all of which, taken together, shall constitute one and the same instrument. In making proof
of this Agreement it shall not be necessary to produce or account for more than one such counterpart. 
 8.12 All capitalized terms used but
not defined herein shall have the respective meaning given such terms in the Plan. 
 8.13 In the event of a conflict between this Agreement
and the Plan, the terms and conditions of the Plan shall govern. 
 IN WITNESS
WHEREOF, the parties have duly executed this Agreement under seal as of the month, day and year first set forth above. 
  

			
	 GSI GROUP INC.
  
  
 By:
                                        
                        
  
 Title:                                     
                         
	 	 RECIPIENT
  
 ______________________________________
  
 Recipient’s Name & Address:
  
 ______________________________________
  
 ______________________________________
  
 ______________________________________
  
 ______________________________________

  
  

 SCHEDULE A 
 This Schedule A sets out the circumstances under which Restricted Shares granted to the Recipient will vest. Capitalized terms not defined herein shall have the same meaning as such terms are assigned under the RSA.
All of the terms of the RSA are incorporated by reference herein. 
  

	 	1.	Time-Based Vesting Schedule. 

  

					
	Grant Date	 	Vesting Date	 	No. of Shares

  

	 	2.	Performance-Based Vesting Schedule. 

 [insert
performance trigger matrix here] 
  

					
	Grant Date	 	Vesting Date	 	No. of Shares

  
 3. Automatic Vesting on
Certain Events. As required by Sections 8 and 9 of the Plan, there is hereby incorporated by reference the vesting provisions set forth therein.

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