Document:

Exhibit 10.40

Exhibit 10.40

NONSTATUTORY STOCK OPTION AGREEMENT

[NAME OF GRANTEE]

This NONSTATUTORY STOCK OPTION AGREEMENT is made as of the
_____ day of _____, between
CARDTRONICS, INC., a Delaware corporation (the “Company”), and [Name of Grantee] (“Employee”).

To carry out the purposes of the CARDTRONICS GROUP, INC. 2007 STOCK INCENTIVE PLAN (the
“Plan”), by affording Employee the opportunity to purchase shares of the common stock of the
Company, par value $.0001 per share (“Stock”), and in consideration of the mutual agreements and
other matters set forth herein and in the Plan, the Company and Employee hereby agree as follows:

1. Grant of Option. The Company hereby irrevocably grants to Employee the right and
option (“Option”) to purchase all or any part of an aggregate of
_____ (_____) shares of
Stock on the terms and conditions set forth herein and in the Plan, which Plan is incorporated
herein by reference as a part of this Agreement. In the event of any conflict between the terms of
this Agreement and the Plan, the Plan shall control. Capitalized terms used but not defined in
this Agreement shall have the meaning attributed to such terms under the Plan, unless the context
requires otherwise. This Option shall not be treated as an incentive stock option within the
meaning of section 422(b) of the Code.

2. Purchase Price. The purchase price of Stock purchased pursuant to the exercise of
this Option shall be _____ Dollars ($_____) per share, which was the mean of the
high and low sales prices of the Common Stock reported by the National Market System of NASDAQ on
the date of this award or if on such date NASDAQ was closed, on the immediate preceding day on
which said market was open or, in either case, if no prices are reported on that date, on the last
preceding date on which such prices of the Common Stock are so reported.

3. Exercise of Option. Subject to the earlier expiration of this Option as herein
provided, this Option may be exercised, by written notice to the Company at its principal executive
office addressed to the attention of its Secretary (or such other officer or employee of the
Company as the Company may designate from time to time), at any time and from time to time after
the date of grant hereof, but, except as otherwise provided below, this Option shall not be
exercisable for more than a percentage of the aggregate number of shares offered by this Option
determined in accordance with the following schedule:

	 	 	 	 	 
	 	 	Percentage of Shares	 
	Number of Full Years	 	That May Be Purchased	 
	 
	Prior to ______
	 	 	0	%
	From _______ to ________
	 	 	25	%
	From _______ to ________
	 	 	50	%
	From _______ to ________
	 	 	75	%
	From and after ________
	 	 	100	%

 

 

 

This Option may be exercised only while Employee remains an employee of the Company and will
terminate and cease to be exercisable upon Employee’s termination of employment with the Company,
except that:

(a) If Employee’s employment with the Company terminates by reason of Employee becoming
“Totally Disabled” (as may be defined from time-to-time in the Company’s Policy Manual),
this Option may be exercised by Employee (or Employee’s estate or the person who acquires
this Option by will or the laws of descent and distribution or otherwise by reason of the
death of Employee) at any time during the period of one year following such termination, but
only as to the number of shares Employee was entitled to purchase hereunder as of the date
Employee’s employment so terminates.

(b) If Employee dies while in the employ of the Company, Employee’s estate, or the
person who acquires this Option by will or the laws of descent and distribution or otherwise
by reason of the death of Employee, may exercise this Option at any time during the period
of one year following the date of Employee’s death, but only as to the number of shares
Employee was entitled to purchase hereunder as of the date of Employee’s death.

(c) If Employee is terminated for “Cause,” his right to any options under this
Agreement shall be terminated. For purposes of this Section 3(c), “Cause” shall mean if the
Employee (i) has engaged in gross negligence or willful misconduct in the performance of the
duties required of him hereunder, (ii) has been indicted with respect to a felony offense,
(iii) has willfully refused to perform the duties and responsibilities required of him
hereunder, (iv) has materially breached any Company policy or code of conduct established by
the Company of which he is aware or should have been aware, (v) has willfully engaged in
conduct that he knows or should know is materially injurious to the Company, its
subsidiaries and affiliates, or (vi) has materially breached any provision of this
Agreement.

(d) If Employee’s employment with the Company terminates for any reason other than as
described in (a), (b) or (c) above, this Option may be exercised by Employee at any time
during the period of three months following such termination, or by Employee’s estate (or
the person who acquires this Option by will or the laws of descent and distribution or
otherwise by reason of the death of Employee) during a period
of one year following Employee’s death if Employee dies during such three month period,
but in each case only as to the number of shares Employee was entitled to purchase hereunder
as of the date of such termination. The Compensation Committee may, in its sole discretion,
advise Employee in writing, prior to a voluntary termination of Employee’s employment, that
such termination will be treated for purposes of this paragraph as an involuntary
termination for a reason other than Cause.

 

- 2 -

 

Notwithstanding the foregoing, this Option shall not be exercisable in any event after the
expiration of ten years from the date of grant hereof. The purchase price of shares as to which
this Option is exercised shall be paid in full at the time of exercise (a) in cash (including
check, bank draft or money order payable to the order of the Company), (b) by delivering or
constructively tendering to the Company shares of Stock having a Fair Market Value equal to the
purchase price (provided such shares used for this purpose must have been held by Employee for such
minimum period of time as may be established from time to time by the Compensation Committee), (c)
if the Stock is readily tradable on a national securities market, through a “cashless-broker”
exercise in accordance with a Company established policy or program for the same, or (d) any
combination of the foregoing. No fraction of a share of Stock shall be issued by the Company upon
exercise of an Option or accepted by the Company in payment of the exercise price thereof; rather,
Employee shall provide a cash payment for such amount as is necessary to effect the issuance and
acceptance of only whole shares of Stock. Unless and until a certificate or certificates
representing such shares shall have been issued by the Company to Employee, Employee (or the person
permitted to exercise this Option in the event of Employee’s death) shall not be or have any of the
rights or privileges of a shareholder of the Company with respect to shares acquirable upon an
exercise of this Option.

4. Withholding of Tax. To the extent that the exercise of this Option or the
disposition of shares of Stock acquired by exercise of this Option results in compensation income
or wages to Employee for federal, state or local tax purposes, Employee shall deliver to the
Company at the time of such exercise or disposition such amount of money or shares of Stock as the
Company may require to meet its minimum obligation under applicable tax laws or regulations. No
exercise of this option shall be effective until Employee (or the person entitled to exercise this
Option, as applicable) has made arrangements approved by the Company to satisfy all applicable
minimum tax withholding requirements of the Company.

5. Employment Relationship. For purposes of this Agreement, Employee shall be
considered to be in the employment of the Company as long as Employee remains an employee of either
the Company, an Affiliate, or a corporation or a parent or subsidiary of such corporation assuming
or substituting a new option for this Option. Without limiting the scope of the preceding
sentence, it is expressly provided that Employee shall be considered to have terminated employment
with the Company at the time of the termination of the “Affiliate” status under the Plan of the
entity or other organization that employs Employee. Any question as to whether and when there has
been a termination of such employment, and the cause of such termination, shall be determined by
the Compensation Committee and its determination shall be final.

 

- 3 -

 

6. Binding Effect. This Agreement shall be binding upon and inure to the benefit of
any successors to the Company and all persons lawfully claiming under Employee.

7. Entire Agreement. This Agreement constitutes the entire agreement of the parties
with regard to the subject matter hereof, and contains all the covenants, promises,
representations, warranties and agreements between the parties with respect to the Option granted
hereby. Without limiting the scope of the preceding sentence, all prior understandings and
agreements, if any, among the parties hereto relating to the subject matter hereof are hereby null
and void and of no further force and effect. Any modification of this Agreement shall be effective
only if it is in writing and signed by both Employee and an authorized officer of the Company.

8. Governing Law. This Agreement shall be governed by, and construed in accordance
with, the laws of the State of Delaware, without regard to conflicts of law principles thereof.

IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by its officer
thereunto duly authorized, and Employee has executed this Agreement, all as of the day and year
first above written.

	 	 	 	 	 	 	 	 	 
	 	 	CARDTRONICS, INC.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 	 	[Name of Grantee]	 	 

 

- 4 -Exhibit 10.41

Exhibit 10.41

RESTRICTED STOCK AGREEMENT

THIS RESTRICTED STOCK AGREEMENT (this “Agreement”) is made as of the
 _____ 
day of
 _____ 
(the
“Date of Grant”), between Cardtronics, Inc., a Delaware corporation (the “Company”), and

 _____ 
(the “Employee”).

1.  Award. Pursuant to the Cardtronics, Inc.
2007 Stock Incentive Plan (the “Plan”), as of the Date of Grant,
 _____ 
shares (the
“Restricted Shares”) of the Company’s common stock, par value $0.0001 per share, shall be issued as
hereinafter provided in the Employee’s name subject to certain restrictions thereon. The
Restricted Shares shall be issued upon acceptance hereof by the Employee and upon satisfaction of
the conditions of this Agreement. The Employee acknowledges receipt of a copy of the Plan, and
agrees that this award of Restricted Shares shall be subject to all of the terms and provisions of
the Plan, including future amendments thereto, if any, pursuant to the terms thereof.

2. Definitions. Capitalized terms used in this Agreement that are not defined below
or in the body of this Agreement shall have the meanings given to them in the Plan. In addition to
the terms defined in the body of this Agreement, the following capitalized words and terms shall
have the meanings indicated below:

(a) “Disability” shall mean the Employee’s disability entitling the Employee to benefits under
the long-term disability plan maintained by the Company or an Affiliate; provided, however, that if
the Employee is not eligible to participate in such plan, then the Employee shall be considered to
have incurred a “Disability” if and when the Committee determines in its discretion that the
Employee is permanently and totally unable to perform his or her duties for the Company or any
Affiliate as a result of any medically determinable physical or mental impairment as supported by a
written medical opinion to the foregoing effect by a physician selected by the Committee.

(b) “Earned Shares” means the Restricted Shares after the lapse of the Forfeiture Restrictions
without forfeiture.

(c) “Forfeiture Restrictions” shall have the meaning specified in Section 3(a) hereof.

(d) “Involuntary Termination” shall mean any termination of the Employee’s employment with the
Company that does not result from a resignation by the Employee; provided, however, the term
“Involuntary Termination” shall not include a Termination for Cause or any termination as a result
of death or Disability.

 

 

 

(e) “Termination for Cause” shall mean the termination of the Employee’s employment with the
Company by the Company for “cause” as such term (or any similar term) is defined in the Employee’s
employment agreement with the Company or any Affiliate; provided, however, that if the Employee
does not have such an employment agreement or the Employee’s employment agreement does not define
the term “cause” (or any similar term), then “Termination for Cause” shall mean the termination of
the Employee’s employment with the
Company based on a determination by the Committee (or its delegate) that the Employee (i) has
engaged in gross negligence, gross incompetence or willful misconduct in the performance of the
Employee’s duties with respect to the Company or any Affiliate, (ii) has refused without proper
legal reason to perform the Employee’s duties and responsibilities to the Company or any Affiliate,
(iii) has materially breached any material provision of a written agreement or corporate policy or
code of conduct established by the Company or any Affiliate, (iv) has willfully engaged in conduct
that is materially injurious to the Company or any Affiliate, (v) has disclosed without specific
authorization from the Company confidential information of the Company or any Affiliate that is
materially injurious to any such entity, (vi) has committed an act of theft, fraud, embezzlement,
misappropriation or willful breach of a fiduciary duty to the Company or any Affiliate, or (vii)
has been convicted of (or pleaded no contest to) a crime involving fraud, dishonesty or moral
turpitude or any felony (or a crime of similar import in a foreign jurisdiction).

3. Restricted Shares. The Employee hereby accepts the Restricted Shares when issued
and agrees with respect thereto as follows:

(a) Forfeiture Restrictions. The Restricted Shares may not be sold, assigned,
pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of, and in the
event of termination of the Employee’s employment with the Company for any reason, the Employee
shall, for no consideration and except to the extent described in the second sentence of Section
3(b), forfeit to the Company all Restricted Shares. The prohibition against transfer and the
obligation to forfeit and surrender Restricted Shares to the Company upon termination of employment
as provided in the preceding sentence are herein referred to as the “Forfeiture Restrictions.” The
Forfeiture Restrictions shall be binding upon and enforceable against any transferee of Restricted
Shares.

(b) Lapse of Forfeiture Restrictions. Provided that the Employee has been
continuously employed by the Company from the Date of Grant through the lapse date set forth in the
following schedule, the Forfeiture Restrictions shall lapse with respect to a percentage of the
Restricted Shares determined in accordance with the following schedule:

	 	 	 	 	 
	 	 	Percentage of Total Number
	 	 	of Restricted Shares as to Which
	Lapse Date	 	Forfeiture Restrictions Lapse
	 
	 	 	 	 
	First Anniversary of the Date of Grant
	 	 	25	%
	Second Anniversary of the Date of Grant
	 	 	25	%
	Third anniversary of the Date of Grant
	 	 	25	%
	Fourth anniversary of the Date of Grant
	 	 	25	%

Notwithstanding the foregoing, if the Employee’s employment with the Company is terminated by
reason of death, Disability or Involuntary Termination prior to the fourth anniversary of the Date
of Grant, then, upon the date of such termination of employment, the Forfeiture Restrictions shall
lapse with respect to an additional 25% of the total number of Restricted Shares. Any shares with
respect to which the Forfeiture Restrictions do not lapse in accordance with the
preceding provisions of this Section 3(b) shall be forfeited to the Company for no consideration as
of the date of the termination of the Employee’s employment with the Company.

 

-2-

 

(c) Certificates. A certificate evidencing the Restricted Shares shall be issued by
the Company in the Employee’s name, pursuant to which the Employee shall have all of the rights of
a stockholder of the Company with respect to the Restricted Shares, including, without limitation,
voting rights and the right to receive dividends (provided, however, that dividends paid in shares
of the Company’s stock shall be subject to the Forfeiture Restrictions and further provided that
dividends that are paid other than in shares of the Company’s stock shall be paid no later than the
end of the calendar year in which the dividend for such class of stock is paid to stockholders of
such class or, if later, the 15th day of the third month following the date the dividend is paid to
stockholders of such class of stock). Notwithstanding the foregoing, the Company may, in its
discretion, elect to complete the delivery of the Restricted Shares by means of electronic,
book-entry statement, rather than issuing physical share certificates. The Employee may not sell,
transfer, pledge, exchange, hypothecate or otherwise dispose of the stock until the Forfeiture
Restrictions have expired, and a breach of the terms of this Agreement shall cause a forfeiture of
the Restricted Shares. The certificate, if any, shall be delivered upon issuance to the Secretary
of the Company or to such other depository as may be designated by the Committee as a depository
for safekeeping until the forfeiture of such Restricted Shares occurs or the Forfeiture
Restrictions lapse pursuant to the terms of the Plan and this Agreement. At the Company’s request,
the Employee shall deliver to the Company a stock power, endorsed in blank, relating to the
Restricted Shares. Upon the lapse of the Forfeiture Restrictions without forfeiture, the Company
shall cause a new certificate or certificates to be issued without legend (except for any legend
required pursuant to applicable securities laws or any other agreement to which the Employee is a
party) in the name of the Employee in exchange for the certificate evidencing the Restricted Shares
or, as may be the case, the Company shall issue appropriate instructions to the transfer agent if
the electronic, book-entry method is utilized.

(d) Corporate Acts. The existence of the Restricted Shares shall not affect in any
way the right or power of the Board or the stockholders of the Company to make or authorize any
adjustment, recapitalization, reorganization or other change in the Company’s capital structure or
its business, any merger or consolidation of the Company, any issue of debt or equity securities,
the dissolution or liquidation of the Company or any sale, lease, exchange or other disposition of
all or any part of its assets or business or any other corporate act or proceeding. The
prohibitions of Section 3(a) hereof shall not apply to the transfer of Restricted Shares pursuant
to a plan of reorganization of the Company, but the stock, securities or other property received in
exchange therefore shall also become subject to the Forfeiture Restrictions and provisions
governing the lapsing of such Forfeiture Restrictions applicable to the original Restricted Shares
for all purposes of this Agreement, and the certificates, if any, representing such stock,
securities or other property shall be legended to show such restrictions.

4. Withholding of Tax. To the extent that the receipt of the Restricted Shares or the
lapse of any Forfeiture Restrictions results in compensation income or wages to the Employee for
federal, state or local tax purposes, the Employee shall deliver to the Company at the time of such
receipt or lapse, as the case may be, such amount of money as the Company may require to meet its
minimum obligation under applicable tax laws or regulations, and if the Employee fails to do so,
the Company is authorized to withhold from any cash or stock remuneration (including
withholding any Restricted Shares or Earned Shares distributable to the Employee under this
Agreement) then or thereafter payable to the Employee any tax required to be withheld by reason of
such resulting compensation income or wages. The Employee acknowledges and agrees that the Company
is making no representation or warranty as to the tax consequences to the Employee as a result of
the receipt of the Restricted Shares, the lapse of any Forfeiture Restrictions or the forfeiture of
any Restricted Shares pursuant to the Forfeiture Restrictions.

 

-3-

 

5. Status of Stock. The Employee agrees that the Restricted Shares and Earned Shares
issued under this Agreement will not be sold or otherwise disposed of in any manner which would
constitute a violation of any applicable federal or state securities laws. The Employee also
agrees that (a) the certificates, if any, representing the Restricted Shares and Earned Shares may
bear such legend or legends as the Committee deems appropriate in order to reflect the Forfeiture
Restrictions and to assure compliance with the terms and provisions of this Agreement and
applicable securities laws, (b) the Company may refuse to register the transfer of the Restricted
Shares or Earned Shares on the stock transfer records of the Company if such proposed transfer
would constitute a violation of the Forfeiture Restrictions or, in the opinion of counsel
satisfactory to the Company, of any applicable securities law, and (c) the Company may give related
instructions to its transfer agent, if any, to stop registration of the transfer of the Restricted
Shares or Earned Shares.

6. Employment Relationship. For purposes of this Agreement, the Employee shall be
considered to be in the employment of the Company as long as the Employee remains an employee of
either the Company or an Affiliate. Without limiting the scope of the preceding sentence, it is
specifically provided that the Employee shall be considered to have terminated employment with the
Company at the time of the termination of the “Affiliate” status of the entity or other
organization that employs the Employee. Nothing in the adoption of the Plan, nor the award of the
Restricted Shares thereunder pursuant to this Agreement, shall confer upon the Employee the right
to continued employment by the Company or affect in any way the right of the Company to terminate
such employment at any time. Unless otherwise provided in a written employment agreement or by
applicable law, the Employee’s employment by the Company shall be on an at-will basis, and the
employment relationship may be terminated at any time by either the Employee or the Company for any
reason whatsoever, with or without cause or notice. Any question as to whether and when there has
been a termination of such employment, and the cause of such termination, shall be determined by
the Committee or its delegate, and its determination shall be final.

7. Conditions to Plan Participation and Receipt of Restricted Shares. In
consideration of the grant of the Restricted Shares, and in order to protect the interests of the
Company, its Affiliates, and their respective equity holders and employees, the Employee
acknowledges and agrees that it is a condition precedent to his or her right to participate in,
continue to participate in, and receive benefits under the Plan (including receipt of the
Restricted Shares) that (a) the Employee shall at all times comply with laws (whether domestic or
foreign) applicable to the Employee’s actions on behalf of the Company or any Affiliate, (b) the
Employee shall not commit any action that results in the Employee’s employment being subject to a
Termination for Cause, and (c) the Employee shall at all times fully and faithfully comply with all
material covenants and agreements set forth in this Agreement. By entering into this Agreement,
the parties hereto agree that the conditions to participation in the Plan set forth in
this Section are an essential component of the Plan and this Agreement, and it is their intent
that such conditions not be severed from the other terms and provisions of the Plan and this
Agreement.

 

-4-

 

8. Notices. Any notices or other communications provided for in this Agreement shall
be sufficient if in writing. In the case of the Employee, such notices or communications shall be
effectively delivered if hand delivered to the Employee at the Employee’s principal place of
employment or if sent by registered or certified mail to the Employee at the last address the
Employee has filed with the Company. In the case of the Company, such notices or communications
shall be effectively delivered if sent by registered or certified mail to the Company at its
principal executive offices.

9. Entire Agreement; Amendment. This Agreement constitutes the entire agreement of
the parties with regard to the subject matter hereof, and contains all the covenants, promises,
representations, warranties and agreements between the parties with respect to the shares granted
hereby; provided, however, that the terms of this Agreement shall not modify and shall be subject
to the terms and conditions of any employment and/or severance agreement between the Company (or an
Affiliate) and the Employee in effect as of the date a determination is to be made under this
Agreement. Without limiting the scope of the preceding sentence, except as provided therein, all
prior understandings and agreements, if any, among the parties hereto relating to the subject
matter hereof are hereby null and void and of no further force and effect. This Agreement may not
be modified in any respect by any verbal statement, representation or agreement made by any
employee, officer, or representative of the Company or by any written agreement unless signed by an
officer of the Company who is expressly authorized by the Company to execute such document.

10. Binding Effect; Survival. This Agreement shall be binding upon and inure to the
benefit of any successors to the Company and all persons lawfully claiming under the Employee. The
provisions of Section 5 shall survive the lapse of the Forfeiture Restrictions without forfeiture.

11. Controlling Law. This Agreement shall be governed by, and construed in accordance
with, the laws of the State of Texas, without regard to conflicts of law principles thereof, or, if
applicable, the laws of the United States.

[Signatures begin on the following page.]

 

-5-

 

IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by an officer
thereunto duly authorized, and the Employee has executed this Agreement, all as of the date first
above written.

	 	 	 	 	 	 	 	 	 
	 	 	CARDTRONICS, INC.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 	 	EMPLOYEE	 	 

SPOUSAL CONSENT

Employee’s spouse, if any, is fully aware of, understands and fully consents and agrees to the
provisions of this Agreement and its binding effect upon any marital or community property
interests he/she may now or hereafter own, and agrees that the termination of his/her and
Employee’s marital relationship for any reason shall not have the effect of removing any Restricted
Shares and Earned Shares otherwise subject to this Agreement from coverage hereunder and that
his/her awareness, understanding, consent and agreement are evidenced by his/her signature below.

	 	 	 	 	 
	 

	 	 

Signature of Spouse
	 	 
	 
	 	 	 	 
	 

	 	 

Printed Name of Spouse
	 	 

 

-6-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00155-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00155-of-00352.parquet"}]]