Document:

EX-10.47

Exhibit 10.47

GREENHILL & CO., INC. EQUITY INCENTIVE PLAN

RESTRICTED STOCK UNIT AWARD NOTIFICATION

Greenhill & Co., Inc., a Delaware corporation (the “Company”), hereby grants to the “Participant”
this Award of Restricted Stock Units (“RSUs”) pursuant to the Greenhill & Co., Inc., Equity
Incentive Plan (the “Plan”) upon the following terms and conditions:

     Name of Participant:

     Grant Date:

     Number of RSUs:

	1.	 	This Award is subject to all terms and conditions of this Notification and the Plan. The
terms of the Plan are hereby incorporated by reference. Capitalized terms not otherwise
defined herein shall have the meaning assigned to such term in the Plan. The term
“Notification” means this Notification.

	2.	 	Each RSU represents a right to a future payment equal to the Fair Market Value of one Share
at the time of such payment. Such payment may, at the Committee’s election be in cash or
Shares or a combination thereof.

	3.	 	To the extent dividends are paid on Shares while the RSUs remain outstanding, you shall be
entitled to receive at the time such dividends are paid (subject to your continued employment
as of the relevant dividend payment date), cash payments in amount equivalent to cash
dividends on Shares with respect to the number of Shares covered by the RSUs. If you incur a
termination of employment prior to the payment of Shares underlying your vested RSUs but
subsequent to the applicable RSUs vesting date, as set forth in Paragraph 4 below, you shall
be entitled to receive with respect to such Shares underlying your vested RSUs cash payments
in amount equivalent to cash dividends on Shares regardless of whether you continue to be
employed as of the relevant dividend payment date. If you incur a termination of employment
under circumstances in which, pursuant to the provisions of the Plan and this Award, Shares
underlying this Award are forfeited, any dividend equivalent cash payments made pursuant to
this paragraph with respect to the Unvested Dividend Portion, as hereinafter defined, of the
forfeited Shares shall be required to be repaid to the Company by you promptly following your
termination of employment. The “Unvested Dividend Portion” of the forfeited Shares shall be
one minus the portion of the Award that has been recognized as an expense in the Company’s
financial statements.

	4.	 	Subject to your continued employment as of the relevant vesting date (unless otherwise
provided under the terms and conditions of the Plan or this Notification), in accordance with
Paragraph 2 above you shall be entitled to receive (and the Company shall deliver to you)
within 75 days following the relevant vesting date set forth below, the number of Shares
underlying the RSUs (or a cash payment therefor) as of the dates set forth below in accordance
with the following schedule:

 

 

	 	 	 
	Vesting Dates =

	 	20% of the Shares underlying the RSUs on January 1st of each of the
first, second, third, fourth and fifth calendar years following the grant date.

	5.	 	In accordance with Section 15(a) of the Plan, the Committee may in its sole discretion
withhold from the payment to you hereunder a sufficient amount (in cash or Shares) to provide
for the payment of any taxes required to be withheld by federal, state or local law with
respect to income resulting from such payment.
	 
	6.	 	An RSU does not represent an equity interest in the Company, and carries no voting rights.
You will not have any rights of a shareholder with respect to the RSUs until the Shares have
been delivered to you.
	 
	7.	 	Notices hereunder and under the Plan, if to the Company, shall be delivered to the Plan
Administrator (as so designated by the Company) or mailed to the Company’s principal office,
Greenhill & Co., Inc., 300 Park Avenue, New York, New York, 10022, attention of the Plan
Administrator, or, if to you, shall be delivered to you or mailed to your address as the same
appears on the records of the Company.
	 
	8.	 	All decisions and interpretations made by the Board of Directors or the Committee with regard
to any question arising hereunder or under the Plan shall be binding and conclusive on all
persons. In the event of any inconsistency between the terms hereof and the provisions of
this Notification and the Plan, this Notification shall govern.
	 
	9.	 	By accepting this Award, you acknowledge receipt of a copy of the Plan, and agree to be bound
by the terms and conditions set forth in this Notification and the Plan, as in effect from
time to time.
	 
	10.	 	By accepting this Award, you further acknowledge that the federal securities laws and/or the
Company’s policies regarding trading in its securities may limit or restrict your right to buy
or sell Shares, including, without limitation, sales of Shares acquired in connection with
your RSUs. You agree to comply with such federal securities law requirements and Company
policies, as such laws and policies are amended from time to time.
	 
	11.	 	This Notification shall be governed by the laws of the state of New York without giving
effect to its choice of law provisions.

	 	 	 	 	 
	 	 	GREENHILL & CO., INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	Name:
	 	Harold J. Rodriguez, Jr.
	 

	 	Title:
	 	Treasurer

          If you would like to designate a beneficiary to exercise your rights under this Notification
in the event of your death, please complete your designation in the space provided below, as well

2

 

as please sign and print your name and date in the space provided below, and return this
Notification to the attention of Harold J. Rodriguez, Jr.

	 	 	 	 	 	 	 	 	 
	Beneficiary:
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Participant name (print):
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Date:	 	 
	 

	 	 	 	 	 	 	 	 

3exv4w2

Exhibit 4.2

[Form of Series F Note]

NRP (Operating) LLC

8.38% Senior Note, Series F, Due March 25, 2019

	 	 	 
	No. RF— [___]

$[                        ]

	 	[Date]

PPN [                    ]

     For Value Received, the undersigned, NRP (Operating) LLC (herein called the
“Company"), a limited liability company organized and existing under the laws of the State of
Delaware, hereby promises to pay to [                                        ], or registered assigns, the principal sum of
[                                        ] Dollars on March 25, 2019, with interest (computed on the basis of a
360-day year of twelve 30-day months) (a) on the unpaid balance thereof at the rate of 8.38% per
annum from the date hereof, payable semi-annually, on the 25th day of March and September in each
year, commencing with the March or September next succeeding the date hereof, until the principal
hereof shall have become due and payable, and (b) to the extent permitted by law on any overdue
payment (including any overdue prepayment) of principal, any overdue payment of interest and any
overdue payment of any Make-Whole Amount (as defined in the Supplement referred to below), payable
semi-annually, as aforesaid (or, at the option of the registered holder hereof, on demand), at a
rate per annum from time to time equal to the greater of (i) 10.38% or (ii) 2% over the rate of
interest publicly announced by Citibank, N.A. from time to time in New York, New York as its “base”
or “prime” rate.

     In the event the Leverage Ratio (as defined below) exceeds 3.75 to 1.0 as of the end of any
fiscal quarter of the Company (each, a “High Leverage Quarter"), then, in addition to all other
interest accruing on this Note (and all rights of the holders of Notes under Section 10.6 of the
Note Purchase Agreements (as defined in the Supplement)), additional interest in the amount of
2.00% per annum (the “Additional Interest”) shall accrue on this Note, commencing on (and
retroactive to) the first day of the fiscal quarter immediately following such High Leverage
Quarter and continuing until the Company has delivered the financial statements and related
Officer’s Certificate required by Sections 7.1 and 7.2 of the Note Purchase Agreements,
respectively (collectively, “Company Reports"), demonstrating that, as of the end of the fiscal
quarter in respect of which such Company Reports were delivered, the Leverage Ratio did not exceed
3.75 to 1.0; provided, however, that such Additional Interest shall accrue for not less than two
(2) consecutive fiscal quarters following a High Leverage Quarter. Following delivery of the
Company Reports demonstrating that the Leverage Ratio did not exceed 3.75 to 1.0, but subject to
the proviso in the preceding sentence, the Additional Interest shall cease to accrue or be payable
from (and retroactive to) the first day of the fiscal quarter immediately following the fiscal
quarter in respect of which such Company Reports were delivered. “Leverage Ratio” means, as of the
end of any fiscal quarter of the Company, the ratio of Consolidated Debt at the end of such fiscal
quarter to Consolidated EBITDDA for the twelve months then ended.

     Payments of principal of, interest on and any Make-Whole Amount with respect to this Note are
to be made in lawful money of the United States of America at Citibank, N.A. or at

 

 

such other place as the Company shall have designated by written notice to the holder of this
Note as provided in the Note Purchase Agreements.

     This Note is one of a series of Senior Notes (herein called the “Notes") issued pursuant to
that certain Third Supplement dated as of March 25, 2009 (as from time to time amended and
supplemented, the “Supplement") to Note Purchase Agreements, dated as of June 19, 2003, as from
time to time amended and supplemented, between the Company and the respective Purchasers named
therein and is entitled to the benefits thereof. Each holder of this Note will be deemed, by its
acceptance hereof, (i) to have agreed to the confidentiality provisions set forth in Section 20 of
the Note Purchase Agreements and (ii) to have made the representation set forth in Section 14(b) of
the Supplement.

     This Note is a registered Note and, as provided in the Note Purchase Agreements, upon
surrender of this Note for registration of transfer, duly endorsed, or accompanied by a written
instrument of transfer duly executed, by the registered holder hereof or such holder’s attorney
duly authorized in writing, a new Note for a like principal amount will be issued to, and
registered in the name of, the transferee. Prior to due presentment for registration of transfer,
the Company may treat the person in whose name this Note is registered as the owner hereof for the
purpose of receiving payment and for all other purposes, and the Company will not be affected by
any notice to the contrary.

     The Company will make required prepayments of principal on the dates and in the amounts
specified in the Supplement. This Note is also subject to optional prepayment, in whole or from
time to time in part, at the times and on the terms specified in the Supplement, but not otherwise.

     If an Event of Default, as defined in the Note Purchase Agreements, occurs and is continuing,
the principal of this Note may be declared or otherwise become due and payable in the manner, at
the price (including any applicable Make-Whole Amount (as defined in the Supplement)) and with the
effect provided in the Note Purchase Agreements.

     This Note is guaranteed pursuant to the Subsidiary Guarantee dated June 19, 2003 as, from time
to time, supplemented and amended.

     This Note shall be construed and enforced in accordance with, and the rights of the parties
shall be governed by, the law of the State of New York excluding choice-of-law principles of law of
such State that would require the application of the laws of a jurisdiction other than such State.

	 	 	 	 	 
	 	NRP (Operating) LLC

 	 
	 	By  	 	 
	 	 	[Title]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00158-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00158-of-00352.parquet"}]]