Document:

exv10w2

 

Exhibit 10.2

GARTNER, INC.

2003 LONG-TERM INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

Grant # ________

NOTICE OF GRANT

     Gartner, Inc. (the “Company”) hereby grants you, [NAME OF EMPLOYEE] (the “Grantee”), the
number of restricted stock units indicated below (the “Restricted Stock Units”) under the Company’s
2003 Long-Term Incentive Plan (the “Plan”). The date of this Agreement is [DATE] (the “Grant
Date”). Subject to the provisions of Appendix A (attached hereto) and of the Plan, the principal
features of this Restricted Stock Unit grant are as follows:

Target Number of Restricted Stock Units: [NUMBER], subject to adjustment as provided under
Performance Vesting/Adjustment below.

Purchase Price per Share: $0.0005

	 	 	Vesting Commencement Date:                    [DATE]
	 
	 	 	Performance Vesting/Adjustment:
	 
	 	 	Vesting Schedule:
	 
	 	 	Twenty-five percent (25%) of the Restricted Stock Units eligible to vest (as determined in
the prior subsection) shall vest on the one (1) year anniversary of the Vesting Commencement
Date, and twenty-five percent (25%) of the Restricted Stock Units eligible to vest (as
determined in the prior subsection) shall vest on each subsequent anniversary of the Vesting
Commencement Date, subject to Grantee’s Continued Service through each such date.

 

 

     Your signature below indicates your agreement and understanding that this grant is subject to
all of the terms and conditions contained in this the Plan and this Restricted Stock Unit Agreement
(the “Agreement”), which includes this Notice of Grant and Appendix A. For example, important
additional information on vesting and termination of this Restricted Stock Unit grant is contained
in Paragraphs 4 through 7 of Appendix A. ACCORDINGLY, PLEASE BE SURE TO READ ALL OF APPENDIX A,
WHICH CONTAINS THE SPECIFIC TERMS AND CONDITIONS OF THIS RESTRICTED STOCK UNIT GRANT.

	 	 	 	 	 
	GARTNER, INC.	 	GRANTEE
	 
	 	 	 	 
	By
	 	 	 	 
	 

	 	 
	 	 
	 

	 	Title:
	 	[NAME]

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APPENDIX A

TERMS AND CONDITIONS OF RESTRICTED STOCK UNITS

     1. Grant. The Company hereby grants to the Grantee under the Plan at the per share
price of $0.0005, equal to the par value of a Share, the number of Restricted Stock Units indicated
in the Notice of Grant, subject to all of the terms and conditions in this Agreement and the Plan.

     2. Payment of Purchase Price. When the Restricted Stock Units are paid out to the
Grantee, the purchase price will be deemed paid by the Grantee for each Restricted Stock Unit
through the past services rendered by the Grantee, and will be subject to the appropriate tax
withholdings.

     3. Company’s Obligation to Pay. Each Restricted Stock Unit has a value equal to the
Fair Market Value of a Share on the date of grant. Unless and until the Restricted Stock Units
have vested in the manner set forth in paragraphs 4 or 5, the Grantee will have no right to payment
of such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such
Restricted Stock Units will represent an unsecured obligation of the Company. Payment of any
vested Restricted Stock Units will be made in Shares.

     4. Vesting Schedule. Except as otherwise provided in this Agreement, the Restricted
Stock Units awarded by this Agreement are scheduled to vest in accordance with the vesting schedule
set forth in the Notice of Grant. Restricted Stock Units scheduled to vest on any such date
actually will vest only if the Grantee remains in Continued Service through such date.

     5. Committee Discretion. The Committee, in its discretion, may accelerate the vesting
of the balance, or some lesser portion of the balance, of the Restricted Stock Units at any time,
subject to the terms of the Plan. If so accelerated, such Restricted Stock Units will be
considered as having vested as of the date specified by the Committee. If the Committee, in its
discretion, accelerates the vesting of the balance, or some lesser portion of the balance, of the
Restricted Stock Units, the payment of such accelerated Restricted Stock Units nevertheless shall
be made at the same time or times as if such Restricted Stock Units had vested in accordance with
the vesting schedule set forth in the Notice of Grant (whether or not the Grantee remains in
Continued Service through such date(s)).

     6. Payment after Vesting. Any Restricted Stock Units that vest in accordance with
paragraph 4 will be paid to the Grantee (or in the event of the Grantee’s death, to his or her
estate) in Shares as soon as practicable following the date of vesting, subject to paragraph 9.
Any Restricted Stock Units that vest in accordance with paragraph 5 will be paid to the Grantee (or
in the event of the Grantee’s death, to his or her estate) in Shares in accordance with the
provision of such paragraph, subject to paragraph 9.

     7. Forfeiture. Notwithstanding any contrary provision of this Agreement, the balance
of the Restricted Stock Units that have not vested pursuant to paragraphs 4 or 5 at the time the
Grantee ceases to be in Continued Service will be forfeited and automatically transferred to and
reacquired

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by the Company at no cost to the Company. The Grantee shall not be entitled to a refund of
any of the price paid for the Restricted Stock Units forfeited to the Company pursuant to this
paragraph 7.

     8. Death of Grantee. Any distribution or delivery to be made to the Grantee under
this Agreement will, if the Grantee is then deceased, be made to the administrator or executor of
the Grantee’s estate (or such other person to whom the Restricted Stock Units are transferred
pursuant to the Grantee’s will or in accordance with the laws of descent and distribution). Any
such transferee must furnish the Company (a) written notice of his or her status as a transferee,
(b) evidence satisfactory to the Company to establish the validity of the transfer of these
Restricted Stock Units and compliance with any laws or regulations pertaining to such transfer, and
(c) written acceptance of the terms and conditions of this Restricted Stock Unit grant as set forth
in this Agreement.

     9. Withholding of Taxes. When the Shares are issued as payment for vested Restricted
Stock Units, the Grantee will recognize immediate U.S. taxable income if the Grantee is a U.S.
taxpayer. If the Grantee is a non-U.S. taxpayer, the Grantee may be subject to applicable taxes in
his or her jurisdiction. The Company (or the employing Parent or Subsidiary) will withhold a
portion of the Shares otherwise issuable in payment for vested Restricted Stock Units that have an
aggregate market value sufficient to pay the minimum federal, state and local income, employment
and any other applicable taxes required to be withheld by the Company (or the employing Parent or
Subsidiary) with respect to the Shares. No fractional Shares will be withheld or issued pursuant
to the grant of Restricted Stock Units and the issuance of Shares thereunder. The Company (or the
employing Parent or Subsidiary) may instead, in its discretion, withhold an amount necessary to pay
the applicable taxes from the Grantee’s paycheck, with no withholding of Shares. In the event the
withholding requirements are not satisfied through the withholding of Shares (or, through the
Grantee’s paycheck, as indicated above), no payment will be made to the Grantee (or his or her
estate) for Restricted Stock Units unless and until satisfactory arrangements (as determined by the
Committee) have been made by the Grantee with respect to the payment of any income and other taxes
which the Company determines must be withheld or collected with respect to such Restricted Stock
Units. By accepting this Award, the Grantee expressly consents to the withholding of Shares and to
any cash or Share withholding as provided for in this paragraph 9. All income and other taxes
related to the Restricted Stock Unit award and any Shares delivered in payment thereof are the sole
responsibility of the Grantee.

     10. Rights as Stockholder. Neither the Grantee nor any person claiming under or
through the Grantee shall have any of the rights or privileges of a stockholder of the Company in
respect of any Shares deliverable hereunder unless and until certificates representing such Shares
(which may be in book entry form) shall have been issued, recorded on the records of the Company or
its transfer agents or registrars, and delivered to the Grantee (including through electronic
delivery to a brokerage account). Notwithstanding any contrary provisions of this Agreement, any
quarterly or other regular, periodic dividends or distributions (as determined by the Company) paid
on Shares will accrue with respect to (i) unvested Restricted Stock Units and (ii) Restricted Stock
Units that are vested but unpaid, and no such dividends or other distributions will be paid on
Restricted Stock Units nor Restricted Stock Units that are vested but unpaid pursuant to paragraph
5, and in each case will be paid out at the same time or time(s) as the underlying Restricted Stock
Units on which such dividends or other distributions have accrued. After such issuance, recordation
and delivery, the

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Grantee will have all the rights of a stockholder of the Company with respect to voting such
Shares and receipt of dividends and distributions on such Shares.

     11. No Effect on Employment or Service. The Grantee’s employment with the Company and
any Parent or Subsidiary is on an at-will basis only, subject to the provisions of applicable law.
Accordingly, subject to any written, express employment contract with the Grantee, nothing in this
Agreement or the Plan shall confer upon the Grantee any right to continue to be employed by the
Company or any Parent or Subsidiary or shall interfere with or restrict in any way the rights of
the Company or the employing Parent or Subsidiary, which are hereby expressly reserved, to
terminate the employment of the Grantee at any time for any reason whatsoever, with or without good
cause. Such reservation of rights can be modified only in an express written contract executed by
a duly authorized officer of the Company or the Parent or Subsidiary employing the Grantee.

     12. Address for Notices. Any notice to be given to the Company under the terms of
this Agreement shall be addressed to the Company, in care of its Secretary at the Company’s
headquarters, P.O. Box 10212, 56 Top Gallant Road, Stamford, CT 06902-7700, or at such other
address as the Company may hereafter designate in writing.

     13. Grant is Not Transferable. Except to the limited extent provided in paragraph 8
above, this grant and the rights and privileges conferred hereby shall not be transferred,
assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and shall
not be subject to sale under execution, attachment or similar process. Upon any attempt to
transfer, assign, pledge, hypothecate or otherwise dispose of this grant, or of any right or
privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar
process, this grant and the rights and privileges conferred hereby immediately shall become null
and void.

     14. Restrictions on Sale of Securities. The Shares issued as payment for vested
Restricted Stock Units awarded under this Agreement will be registered under the federal securities
laws and will be freely tradable upon receipt. However, the Grantee’s subsequent sale of the
Shares will be subject to any market blackout-period that may be imposed by the Company and must
comply with the Company’s insider trading policies, and any other applicable securities laws.

     15. Binding Agreement. Subject to the limitation on the transferability of this grant
contained herein, this Agreement shall be binding upon and inure to the benefit of the heirs,
legatees, legal representatives, successors and assigns of the parties hereto.

     16. Conditions for Issuance of Stock. The shares of stock deliverable to the Grantee
may be either previously authorized but unissued shares or issued shares which have been reacquired
by the Company. The Company shall not be required to transfer on its books or list in street name
with a brokerage company or otherwise issue any certificate or certificates for Shares hereunder
prior to fulfillment of all the following conditions: (a) the admission of such Shares to listing
on all stock exchanges on which such class of stock is then listed; and (b) the completion of any
registration or other qualification of such Shares under any state or federal law or under the
rulings or regulations of the Securities and Exchange Commission or any other governmental
regulatory body, which the Committee shall, in its absolute discretion, deem necessary or
advisable; and (c) the obtaining of any approval or other clearance from any state or federal
governmental agency, which the Committee

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shall, in its absolute discretion, determine to be necessary or advisable; and (d) the lapse
of such reasonable period of time following the date of vesting of the Restricted Stock Units as
the Committee may establish from time to time for reasons of administrative convenience.

     17. Plan Governs. This Agreement is subject to all terms and provisions of the Plan.
In the event of a conflict between one or more provisions of this Agreement and one or more
provisions of the Plan, the provisions of the Plan shall govern. Capitalized terms used and not
defined in this Agreement shall have the meaning set forth in the Plan.

     18. Committee Authority. The Committee shall have the power to interpret the Plan and
this Agreement and to adopt such rules for the administration, interpretation and application of
the Plan as are consistent therewith and to interpret or revoke any such rules (including, but not
limited to, the determination of whether or not any Restricted Stock Units have vested). All
actions taken and all interpretations and determinations made by the Committee shall be final and
binding upon the Grantee, the Company and all other persons, and shall be given the maximum
deference permitted by law. No member of the Committee shall be personally liable for any action,
determination or interpretation made in good faith with respect to the Plan or this Agreement.

     19. Captions. Captions provided herein are for convenience only and are not to serve
as a basis for interpretation or construction of this Agreement.

     20. Agreement Severable. In the event that any provision in this Agreement shall be
held invalid or unenforceable, such provision shall be severable from, and such invalidity or
unenforceability shall not be construed to have any effect on, the remaining provisions of this
Agreement.

     21. Entire Agreement. This Agreement constitutes the entire understanding of the
parties on the subjects covered. The Grantee expressly warrants that he or she is not executing
this Agreement in reliance on any promises, representations, or inducements other than those
contained herein.

     22. Modifications to the Agreement. This Agreement constitutes the entire
understanding of the parties on the subjects covered. The Grantee expressly warrants that he or
she is not accepting this Agreement in reliance on any promises, representations, or inducements
other than those contained herein. Modifications to this Agreement or the Plan can be made only in
an express written contract executed by a duly authorized officer of the Company. Notwithstanding
anything to the contrary in the Plan or this Agreement, the Company reserves the right to revise
this Agreement as it deems necessary or advisable, in its sole discretion and without the consent
of the Grantee, to avoid imposition of any additional tax or income recognition under Section 409A
of the Code prior to the actual payment of Shares pursuant to this award of Restricted Stock Units.

     23. Amendment, Suspension or Termination of the Plan. By accepting this award, the
Grantee expressly warrants that he or she has received an award under the Plan, and has received,
read and understood a description of the Plan. The Grantee understands that the Plan is
discretionary in nature and may be modified, suspended or terminated by the Company at any time.

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     24. Governing Law. This grant of Restricted Stock Units shall be governed by, and
construed in accordance with, the laws of the State of Connecticut, without regard to its conflict
of laws provisions.

     25. Defined Terms: Capitalized terms used in this Agreement without definition will
have the meanings provided for in the Plan. When used in this Agreement, the following capitalized
terms will have the following meanings:

	 	 	“Continued Service” means that your employment relationship is not
interrupted or terminated by you, the Company, or any Parent or Subsidiary of the
Company. Your employment relationship will not be considered interrupted in the case
of: (i) any leave of absence approved in accordance with the Company’s written
personnel policies, including sick leave, family leave, military leave, or any other
personal leave; or (ii) transfers between locations of the Company or between the
Company and any Parent, Subsidiary or successor; provided, however, that,
unless otherwise provided in the Company’s written personnel policies, in this
Agreement or under applicable laws, rules or regulations, or unless the Committee has
otherwise expressly provided for different treatment with respect to this Agreement,
(x) no such leave may exceed ninety (90) days, and (y) any vesting shall cease on the
ninety-first (91st) consecutive date of any leave of absence during which
your employment relationship is deemed to continue and will not recommence until such
date, if any, upon which you resume service with the Company, its Parent, Subsidiary
or successor. If you resume such service in accordance with the terms of the
Company’s military leave policy, upon resumption of service you will be given vesting
credit for the full duration of your leave of absence. Continuous employment will be
deemed interrupted and terminated for an Employee if the Grantee’s weekly work hours
change from full time to part time. Part-time status for the purpose of vesting
continuation will be determined in accordance with policies adopted by the Company
from time to time, which policies, if any, shall supersede the determination of
part-time status set forth in the Company’s posted “employee status definitions”.
	 
	 	 	“Disability” means total and permanent disability as defined in Section
22(e)(3) of the Code.

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Exhibit
10.1

TEKTRONIX, INC.

2001 NON-EMPLOYEE DIRECTORS COMPENSATION PLAN

2005 Restatement

1.     Purpose and Amendment

     1.1     The purpose of this Non-Employee Directors Compensation Plan (the “Plan) is to enable
Tektronix, Inc (the “Company”) to attract and retain highly qualified directors. The Company
considers it desirable that members of the board of directors, who represent shareholders, be
shareholders of the Company. To supplement the personal efforts of the directors toward this end,
the Plan is intended to increase the ownership interest of non-employee directors through awards of
Common Shares of the Company. The Company intends to increase the community of interest of the
shareholders at large and the Company’s directors and to make share ownership a dynamic influence
on the attitudes of the board.

     1.2     The Plan, as amended effective January 17, 2005 (the “Prior Plan”), is further amended and
restated to change the period of compensation to a calendar year, to coordinate with changes to the
Company’s nonqualified deferred compensation plans and to make other clarifying and administrative
changes. The amendment is generally effective January 1, 2005 except as otherwise expressly
provided and as follows:

          (a)     The increases to the dollar amounts for stock awards under subsection 3.2 from $30,000 to
$40,000, as provided in the Prior Plan to be effective with the award date in September 2005 shall
be effective January 1, 2006 instead of September 2005. The increases to certain chair and meeting
fees, stated in the Prior Plan as effective January 17, 2005, subject to pro-ration, shall remain
effective January 17, 2005, but shall be generally ineffective for the Transition Period except as
provided in 1.2(b)(ii). The election to receive cash or stock pursuant to 3.3 shall be effective
with the award date in January 2007.

          (b)     For the period (the “Transition Period”) that begins immediately following the date of the
annual meeting of Company shareholders that occurs in 2005 (the “2005 Annual Meeting Date”) and
ends December 31, 2005, the following shall apply:

               (i)     Directors as of the date following the 2005 Annual Meeting Date shall be awarded Common
Shares of the Company. The number of shares shall be equal to $10,000 divided by the purchase
price per share of the Common Shares at the time of the purchase. The award date shall be a day in
September 2005 that is determined by the Company and the Common Shares shall be purchased in
accordance with paragraphs 3.2(b), (c) and (d) below.

               (ii)     Payment of fees under paragraph 4.1 shall be at the rates specified in 4.1, pro-rated for
the short period. Actual payment will be made in January 2006.

               (iii)     No compensation for the Transition Period shall be subject to deferral under the
Company’s deferred compensation arrangements.

          (c)     An election under 4.4 to receive Common Shares instead of cash for Fees payable for
services before the Transition Period shall remain subject to provisions of the Prior Plan.

 

 

2.     Administration

     The Plan shall be administered by the Secretary of the Company or such other person designated
by the chief executive officer of the Company (the “Administrator”) who may delegate all or part of
that authority and responsibility. The Administrator shall interpret the Plan, arrange for the
purchase and delivery of shares, and otherwise assume general responsibility for administration of
the Plan. Any decision by the Administrator shall be final and binding on all parties.

3.     Awards

     3.1     Each non-employee director of the Company shall participate in the Plan as follows:

          (a)     Effective January 1, 2006, directors elected or appointed after December 31, 2005 shall
participate as of the January 1 that is on or immediately following the effective date of the
director’s election or appointment. Employee directors who cease to be employees of the Company
but continue as directors shall become participants as of the January 1 that is on or immediately
following the date the director ceased being an employee of the Company.

          (b)     Effective January 1, 2006, the award date for a year shall be a day in January of that
year that is determined by the Company.

     3.2     Effective January 1, 2006, as of the award date, a participant shall be awarded Common
Shares of the Company as follows:

          (a)     The number of Common Shares awarded shall be equal to $40,000 divided by the purchase
price per share of the Common Shares at the time of purchase as provided in paragraph 3.2(b).

          (b)     On each award date, the Administrator shall deliver cash in the amount of $40,000 for each
director and applicable commissions to a broker (the “Broker”). Subject to paragraph 3.2(d) below,
on the award date the Broker will effect a purchase of Common Shares in the open market at the then
prevailing market price for the respective account of each director; provided that each purchase
occurs on a day on which the New York Stock Exchange (the “NYSE”) is open for trading and the
Common Shares trade regular way on the NYSE.

          (c)     Certificates in the names of the director participants for their respective Common Shares
shall be delivered to the respective participants as promptly as practicable following the purchase
of the shares pursuant to paragraph 3.2(b).

          (d)     If a purchase cannot be executed as required by paragraph 3.2(b) as a result of (1) a
suspension or material limitation in trading in securities generally on the NYSE, (2) a suspension
or material limitation in trading in Company securities on the NYSE, (3) a general moratorium on
commercial banking activities declared by either federal or New York or Oregon state authorities,
(4) the outbreak or escalation of hostilities involving the United States or the declaration by the
United States of a national emergency or war, or (5) a legal, regulatory or contractual restriction
applicable to the Broker, the Broker will effect the purchase as promptly as practicable after the
cessation or termination of the market disruption, applicable restriction or other event. In
addition, the Administrator may delay any purchase required by paragraph

 

 

3.2(b) as a result of any such market disruption, applicable restriction, including securities laws
restricting open market purchases by a corporation of its own shares, or other event; provided that
any delayed purchase will be effected as promptly as practicable after the cessation or termination
of the market disruption, applicable restriction or other event.

     3.3     Effective with the award in January 2007, directors may elect to receive either cash or
stock (including any combination thereof) up to the total amount of $40,000, instead of the all
stock award described in 3.2. If any portion is taken in stock, the provisions of paragraph 3.2
describing the process for acquiring the stock shall apply. The election shall be made by the
director not later than December 31 of the previous calendar year.

     3.4     Non-employee directors of the Company may receive stock option and stock grants pursuant
to the Company’s stock incentive plans.

4.     Chair and Meeting Fees

     4.1     Each non-employee director of the Company shall be entitled to receive (a) an annual fee
of $5,000 for serving as the chair of any of the following committees of the board of directors:
the Audit Committee, the Nominating and Corporate Governance Committee and the Organization and
Compensation Committee, and effective January 17, 2005, the annual fee for the chair of the Audit
Committee shall be increased to $10,000 (pro-rated for payment in September 2005), (b) a fee of
$1,500 for each board meeting attended, and (c) a fee of $1,000 for each board committee meeting
attended, provided that the board committee meeting is not held in conjunction with a board meeting
(such fees collectively, the “Fees”).

     4.2     Each non-employee director of the Company shall be paid any Fees owed for the previous
year in January. The Fees for services in 2006 shall be paid in January 2007.

     4.3     Each non-employee director of the Company may elect to receive Common Shares of the
Company instead of cash payment for the Fees.

     4.4     The election to receive Common Shares instead of cash for the Fees for a year shall be
made by delivering a notice of election to the Company Secretary and shall be effective as to all
Fees earned for that year. Elections for Fees for services during the Transition Period shall be
delivered on or before December 31, 2005. Elections for Fees for services in the year beginning
January 1, 2006 and subsequent years shall be delivered on or before December 31 of the year,
provided that elections to defer payment must be made in accordance with applicable requirements
and the provisions of this subsection 4.4 shall not supersede or affect deferral election
requirements. Once made, an election shall remain in effect for subsequent years until terminated
by notice to the Secretary on or before December 31 of the year for which Fees will be paid.

     4.5     With respect to any election by a non-employee director of the Company to receive Common
Shares of the Company instead of cash payment for the Fees, the Administrator shall deliver cash in
the amount of the Fees for each director and applicable commissions to the Broker, and the Broker
shall effect a purchase of Common Shares in accordance with paragraph 3.2(b) above.

     4.6     Purchased Common Shares shall be in the name of and distributed to each director.

 

 

5.     Rule 10b5-1 Plan

     The Company intends this Plan to comply with the requirements of Rule 10b5-1(c)(1)(i)(B) and
this Plan will be interpreted to comply with the requirements of Rule 10b5-1(c).

6.     Amendment or Termination; Miscellaneous

     6.1     The board of directors of the Company may amend or terminate the Plan at any time. No
amendment or termination shall adversely affect any previous award.

     6.2     Subject to the rights of amendment and termination in paragraph 6.1 above, the Plan shall
continue indefinitely and future awards will be made in accordance with paragraphs 3.2.

     6.3     Nothing in the Plan shall create any obligation on the part of the board of directors of
the Company to nominate any director for reelection by the shareholders.

Approved by the Board of Directors on March 14, 2006.

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