Document:

exhibit10-21.htm

    EXHIBIT
10.21

     

     

    Alpha
Natural Resources, Inc.

     

    Grantee
Stock Option Agreement

     

    

      This
Stock Option Agreement (this "Agreement")
is between Alpha Natural Resources, Inc., a Delaware corporation ("Alpha"),
and the individual named as Grantee on the signature page of this Agreement (the
"Grantee").

       

      Alpha has
established its 2005 Long-Term Incentive Plan (as amended, the "Plan") to
advance the interests of Alpha and its stockholders by providing incentives to
certain eligible persons who contribute significantly to the strategic and
long-term performance objectives and growth of Alpha and any parent, subsidiary
or affiliate of Alpha.

       

      This
Agreement evidences an option grant as follows:

       

      
        	
                 
      

              	
                Granted
      To:

              

      

       

      
        	
                 
      

              	
                Number
      of Shares:

              

      

       

      
        	
                 
      

              	
                Effective
      Date of Grant:

              

      

       

      
        	
                 
      

              	
                Expiration
      Date:

              

      

       

      
        
          	
                   
      

                	
                  Exercise
      Price Per Share:

                

        

         

      

      
        	
                 
      

              	
                Vesting
      Schedule:

              

      

       

       

      Pursuant
to the provisions of the Plan, the Board of Directors of Alpha (the "Board") or
a Committee designated by the Board (the "Committee")
has full power and authority to direct the execution and delivery of this
Agreement in the name and on behalf of Alpha.  The Board or the
Committee authorized the execution and delivery of this
Agreement.  All capitalized terms not otherwise defined in this
Agreement have the same meaning given such capitalized terms in the
Plan.

       

      Agreement

       

      The
parties agree as follows:

       

      Section
1.  Grant of
Stock Option; Term.  Subject and
pursuant to all terms and conditions stated in this Agreement and in the Plan,
Alpha hereby grants to Grantee an option (the "Option")
to purchase the number of shares of Alpha's common stock, par value $0.01 per
share (the "Common
Shares"), set forth above (the "Option
Shares"), at the exercise price set forth above.  If a Change
of Control (as defined below) occurs, the unvested portion of this Option,
unless previously cancelled and forfeited, shall vest immediately prior to the
consummation of the Change of Control.  In the event of a Change of
Control, the Committee, in its sole discretion, may provide for the
(i) payment of an amount (in cash or, in the discretion of the Committee,
in the form of consideration paid to Alpha stockholders in connection with the
Change in Control) equal to the excess, if any, of the Fair Market Value of the
unexercised Option Shares over the aggregate exercise price of such Option
Shares, and/or (ii) issuance of substitute Awards for the unexercised
portion of the Option.

       

      For
purposes of this Agreement, a "Change of
Control" shall mean (i) any merger, consolidation or business
combination in which the stockholders of Alpha immediately prior to the merger,
consolidation or business combination do not own at least a majority of the
outstanding equity interests of the surviving parent entity, (ii) the sale
of all or substantially all of Alpha's assets in a single transaction or a
series of related transactions, (iii) the acquisition of beneficial
ownership or control of (including, without limitation, power to vote) a
majority of the outstanding Common Shares by any person or entity (including a
"group" as defined by or under Section 13(d)(3) of the Exchange Act),
(iv) the stockholders of Alpha approve any plan for the dissolution or
liquidation of Alpha, (v) a contested election of directors, as a result of
which or in connection with which the persons who were directors of Alpha before
such election or their nominees cease to constitute a majority of the Board or
(vi) any other event specified by the Board or the Committee.

       

      Grantee
hereby accepts the Option on such terms and conditions, including, without
limitation, the confidentiality provisions set forth in Section 8 of this
Agreement.  The Option is a [select applicable option type and
delete inapplicable option type:  [Nonqualified Stock Option]
[Incentive Stock Option]] (as such term is defined in the
Plan).  Grantee shall, subject to the limitations of this Agreement
and the Plan, have the right to exercise the Option by purchasing all or any
part of the vested Option Shares then available for purchase under the vesting
schedule set forth above (less any Option Shares previously purchased upon
exercise of this Option).

       

      Section
2.  Procedures
for Exercise.  In order to
exercise all or any part of the Option, Grantee shall deliver to
Alpha:  (i) written notice of the number of vested Option Shares
to be purchased, (ii) payment of the exercise price of such Option Shares
in the form of cash or, if permitted by the
Committee:  (A) Common Shares, (B) the surrender of another
outstanding Award under the Plan, (C) if there is a public market for the
Common Shares at such time, subject to such rules as may be established by the
Committee, through delivery of irrevocable instructions to a broker to sell the
Common Shares otherwise deliverable upon the exercise of the Option and deliver
promptly to Alpha an amount equal to the aggregate exercise price payable for
the Option Shares, or (D) any combination thereof, and (iii) payment
of any required withholding pursuant to Section 5.  The Option
shall be deemed to have been exercised as of (i) the close of business on
the date the required documents and required consideration are received by Alpha
or, (ii) if the exercise of the Option occurs in connection with a Change
of Control, then immediately prior to the consummation of the Change of Control,
provided the required documents and required consideration are received by Alpha
at or prior to the consummation of the Change of Control.  If Grantee
disposes of Common Shares acquired upon the exercise of an Incentive Stock
Option either (i) within two years after the date of grant of such
Incentive Stock Option or (ii) within one year after the transfer of such
Common Shares to the Grantee, then Grantee shall notify Alpha of such
disposition and of the amount realized upon such disposition.

       

      Section
3.  Termination of Employment,
Retirement, Disability or Death.

       

      (a)           Except
as otherwise provided by the Committee or by any agreement, plan or other
arrangement between the Grantee and Alpha, vesting shall cease on the date
Grantee ceases to be employed by [add for non-employee board members
only, delete for employees:  , or to serve as a member of the Board of
Directors of,] the Company and shall be tolled during any period in which
Grantee is on an approved leave of absence from employment with the
Company.  Except as otherwise provided by the Committee or by any
agreement, plan or other arrangement between the Grantee and Alpha, following
Grantee's last day of employment with [add for non-employee board members
only, delete for employees:  , or service as a member of the Board of
Directors of,] the Company, this Option shall only be exercisable for the
number of Option Shares that are vested as of Grantee's last day of employment
with [add for non-employee
board members only, delete for employees:  , or service as a member of
the Board of Directors of,] the Company (less any Option Shares
previously acquired upon exercise of this Option).

       

      (b)           Except
as provided in Section 3(c) or 3(d), by the Committee, or by any agreement,
plan or other arrangement between the Grantee and Alpha, following Grantee's
last day of employment with [add for non-employee board members
only, delete for employees:  , or service as a member of the Board of
Directors of,] the Company, this Option may be exercised at any time and
from time to time within the lesser of (i) the 90-day period commencing on
the first day after Grantee's last day of employment with [add for non-employee board members
only, delete for employees:  , or service as a member of the Board of
Directors of,] the Company or (ii) the remaining term of the
Option.

       

      (c)           Except
as otherwise provided by the Committee or by any agreement, plan or other
arrangement between the Grantee and Alpha, if termination of employment [add for non-employee board members
only, delete for employees:  or service as a member of the Board of
Directors] occurs due to death or disability while Grantee is an employee
[add for non-employee board
members only, delete for employees:  or a member of the Board of
Directors] of the Company, then this Option may be exercised at any time
and from time to time within the lesser of (i) the one year period
commencing on the first day after Grantee's last day of employment with [add for non-employee board members
only, delete for employees:  , or service as a member of the Board of
Directors of,] the Company or (ii) the remaining term of the
Option.

       

      (d)           Except
as otherwise provided by the Committee or by any agreement, plan or other
arrangement between the Grantee and Alpha, if termination of employment occurs
due to retirement at or after normal retirement age, as prescribed from time to
time by the Company's retirement policy, or retirement under circumstances
approved by the Committee (either before or after retirement), then this Option
may be exercised at any time within the lesser of (i) the three month
period commencing on the first day after Grantee's last day of employment with
[add for non-employee board
members only, delete for employees:  , or service as a member of the
Board of Directors of,] the Company, or, if Grantee dies during the three
month period commencing on the first day after Grantee's last day of employment
with [add for non-employee
board members only, delete for employees:  , or service as a member of
the Board of Directors of,] the Company, then the one year period
commencing on the first day after Grantee's last day of employment with [add for non-employee board members
only, delete for employees:  , or service as a member of the Board of
Directors of,] the Company, or (ii) the remaining term of the
Option.

       

      Section
4.  Issuance
and Delivery of Option Shares; Rights as a Stockholder.  The stock
certificate(s), or other evidence of, the Option Shares shall be given to
Grantee subject to satisfaction of the applicable tax withholding requirements
set forth in Section 5.  Alpha shall not issue stock
certificate(s), or provide other evidence of, the Option Shares if the
administrator of the Plan or its authorized agent determines, in its sole
discretion, that the issuance of such certificate(s) or other evidence of the
Option Shares would violate the terms of the Plan, this Agreement or applicable
law.  Except as otherwise provided in the Plan, no person shall be, or
have any of the rights or privileges of, a stockholder of Alpha with respect to
any of the Option Shares unless and until certificates or other evidence of the
Option Shares representing such shares shall have been delivered to such
person.

       

      Section
5.  Income
Taxes.  Grantee
acknowledges that any income for federal, state or local income tax purposes
that Grantee is required to recognize on account of the grant, vesting and/or
exercise of the Option shall be subject to withholding of tax by the
Company.  Grantee agrees that the Company may either withhold an
appropriate amount from any compensation or any other payment of any kind then
payable or that may become payable to Grantee, or require Grantee to make a cash
payment to the Company equal to the amount of withholding required in the
opinion of the Company.  In the event Grantee does not make such
payment when requested, the Company may refuse to issue or cause to be delivered
any shares under this Agreement or any other incentive plan agreement entered
into by Grantee and the Company until such payment has been made or arrangements
for such payment satisfactory to the Company have been made.

       

      Section
6.  Rights as
a Grantee.  Neither the Plan
nor this Agreement shall be deemed to give Grantee any right to continue to be
employed by [add for
non-employee board members only, delete for employees:  or perform
services for] the Company, nor shall the Plan or the Agreement be deemed
to limit in any way the Company's right to terminate the employment of [add for non-employee board members
only, delete for employees:  or performance of services by] the
Grantee at any time.

       

      Section
7.  Further
Assistance.  Grantee will
provide assistance reasonably requested by the Company in connection with
actions taken by Grantee while employed by or providing service to the Company,
including, but not limited to, assistance in connection with any lawsuits or
other claims against the Company arising from events during the period in which
Grantee was employed or providing service.

       

      Section
8.  Confidentiality.  Grantee
acknowledges that the businesses of the Company are highly competitive and that
the Company's strategies, methods, books, records, and documents, technical
information concerning their products, equipment, services, and processes,
procurement procedures and pricing techniques, the names of and other
information (such as credit and financial data) concerning former, present or
prospective customers and business affiliates, all comprise confidential
business information and trade secrets which are valuable, special, and unique
assets which the Company uses in its business to obtain a competitive advantage
over competitors.  Grantee further acknowledges that protection of
such confidential business information and trade secrets against unauthorized
disclosure and use is of critical importance to the Company in maintaining its
competitive position.  Grantee acknowledges that by reason of
Grantee's duties to and association with the Company, Grantee has had and will
have access to and has and will become informed of confidential business
information which is a competitive asset of the Company.  Grantee
hereby agrees that Grantee will not, at any time during or after employment
[add for non-employee board
members only, delete for employees:  or service as a member of the
Company's Board of Directors], make any unauthorized disclosure of any
confidential business information or trade secrets of the Company, or make any
use thereof, except in the carrying out of employment responsibilities [add for non-employee board members
only, delete for employees:  or responsibilities as a member of the
Company's Board of Directors].  Grantee shall take all
necessary and appropriate steps to safeguard confidential business information
and protect it against disclosure, misappropriation, misuse, loss and
theft.  Confidential business information shall not include
information in the public domain (but only if the same becomes part of the
public domain through a means other than a disclosure prohibited
hereunder).  The above notwithstanding, a disclosure shall not be
unauthorized if (i) it is required by law or by a court of competent
jurisdiction or (ii) it is in connection with any judicial, arbitration,
dispute resolution or other legal proceeding in which Grantee's legal rights and
obligations as an employee [add
for non-employee board members only, delete for employees:  or
director] or under this Agreement are at issue; provided, however, that
Grantee shall, to the extent practicable and lawful in any such events, give
prior notice to the Company of Grantee's intent to disclose any such
confidential business information in such context so as to allow the Company an
opportunity (which Grantee will not oppose) to obtain such protective orders or
similar relief with respect thereto as may be deemed appropriate.  Any
information not specifically related to the Company would not be considered
confidential to the Company.

       

      Section
9.  Securities
Laws.  Grantee
acknowledges that applicable securities laws may restrict the right and govern
the manner in which Grantee may dispose of the Option Shares obtained upon
exercise of the Option and Grantee agrees not to offer, sell or otherwise
dispose of any such shares in a manner that would violate the Securities Act of
1933, as amended, or any other federal or state law.

       

      Section
10.  Prohibition
on Transfer or Assignment.  Except as
provided in the Plan, neither this Agreement nor the Option may be transferred
or assigned, other than an assignment by will or by laws of descent and
distribution, and this Option shall be exercisable during the Grantee's lifetime
only by Grantee or by such permitted assignee.

       

      Section
11.  Binding
Effect; No Third Party Beneficiaries.  This Agreement
shall be binding upon and inure to the benefit of the Company and Grantee and
their respective heirs, representatives, successors and permitted
assigns.  This Agreement shall not confer any rights or remedies upon
any person other than the Company and the Grantee and their respective heirs,
representatives, successors and permitted assigns.  The parties agree
that this Agreement shall survive the exercise or termination of the
Option.

       

      Section
12.  Agreement
to Abide by Plan; Conflict Between Plan and Agreement.  The Plan is
hereby incorporated by reference into this Agreement and made a part hereof as
though fully set forth in this Agreement.  Grantee, by execution of
this Agreement, (i) represents that he or she is familiar with the terms
and provisions of the Plan and (ii) agrees to abide by all of the terms and
conditions of this Agreement and the Plan.  Grantee accepts as
binding, conclusive and final all decisions or interpretations of the
administrator of the Plan upon any question arising under the Plan and this
Agreement (including, without limitation, the cause of any termination of
Grantee's employment with the Company).  In the event of any conflict
between the Plan and this Agreement, the Plan shall control and this Agreement
shall be deemed to be modified accordingly.

       

      Section
13.  Entire
Agreement.  Except as
otherwise provided by the Committee or any agreement, plan or other arrangement
between the Grantee and Alpha, this Agreement constitutes the entire agreement
between the parties and supersedes any prior understandings, agreements, or
representations by or between the parties, written or oral, to the extent they
related in any way to the subject matter of this Agreement.

       

      Section
14.  Amendments.  This Agreement
may be amended or modified at any time by an instrument in writing signed by the
parties hereto, or as otherwise provided under the
Plan.  Notwithstanding anything herein to the contrary, Alpha may, in
its sole discretion and without the Grantee's consent, modify or amend
(prospectively or retroactively) the terms of this Agreement, impose conditions
on the timing and effectiveness of the exercise of the Option by the Grantee, or
take any other action it deems necessary or advisable, to cause the Option to
comply with Section 409A of the Code (or an exception thereto).  The
Grantee recognizes and acknowledges that Section 409A of the Code may impose
upon the Grantee certain taxes or interest charges which the Grantee is and
shall remain solely responsible.

       

      Section
15.  Choice of
Law.  To the extent not
superseded by federal law, the laws of the State of Delaware (without regard to
the conflicts laws of Delaware) shall control in all matters relating to this
Agreement and any action relating to this Agreement must be brought in state and
federal courts located in the Commonwealth of Virginia.

       

      Section
16.  Notice.  All notices,
requests, demands, claims, and other communications under this Agreement shall
be in writing.  Any notice, request, demand, claim, or other
communication under this Agreement shall be deemed duly given if (and then two
business days after) it is sent by registered or certified mail, return receipt
requested, postage prepaid, and addressed to the intended recipient at the
address set forth below the recipient's signature to this
Agreement.  Either party to this Agreement may send any notice,
request, demand, claim, or other communication under this Agreement to the
intended recipient at such address using any other means (including personal
delivery, expedited courier, messenger service, telecopy, ordinary mail, or
electronic mail), but no such notice, request, demand, claim, or other
communication shall be deemed to have been duly given unless and until it
actually is received by the intended recipient.  Either party to this
Agreement may change the address to which notices, requests, demands, claims,
and other communications hereunder are to be delivered by giving the other party
notice in the manner set forth in this section.

       

      Section
17.  Counterparts.  This Agreement
may be executed in one or more counterparts, each of which shall be deemed an
original but all of which together shall constitute one and the same
instrument.

       

      Section
18.  Acknowledgements.

       

      (a)           By
accepting this Option, Grantee acknowledges receipt of a copy of the Plan and
the prospectus relating to this Award, and agrees to be bound by the terms and
conditions set forth in this Agreement and the Plan, as in effect and/or amended
from time to time.

       

      (b)           The
Plan and related documents, which may include but do not necessarily include the
Plan prospectus, this Agreement and financial reports of the Company, may be
delivered to you electronically.  Such means of delivery may include but do
not necessarily include the delivery of a link to a Company intranet site or the
internet site of a third party involved in administering the Plan, the delivery
of the documents via e-mail or CD-ROM or such other delivery determined at the
Designated Administrator’s discretion.  Both Internet Email and the
World Wide Web are required in order to access documents electronically.

       

      (c)           This Award is intended to be excepted from coverage under Section 409A of the
Code and the regulations promulgated thereunder and shall be interpreted and
construed accordingly.  Notwithstanding, Grantee recognizes and
acknowledges that Section 409A of the Code may impose upon Grantee certain taxes
or interest charges for which Grantee is and shall remain solely
responsible.

       

      (d)           Grantee acknowledges that, by receipt of this Award,
Grantee has read this Section 18 and consents to the electronic delivery of the
Plan and related documents, as described in this Section 18.  Grantee
acknowledges that Grantee may receive from Alpha a paper copy of any documents
delivered electronically at no cost if Grantee contacts the Vice President of
Human Resources of the Company by telephone at (276) 619-4410 or by mail to One
Alpha Place, P.O. Box 2345, Abingdon, VA  24212.  Grantee further
acknowledges that Grantee will be provided with a paper copy of any documents
delivered electronically if electronic delivery fails.

       

      
        
          
             

          

           

        

        
           

          
            

          

        

        
           

        

      

      

      EXECUTED ______________ ____,
20___

       

      ALPHA
NATURAL RESOURCES, INC.                     GRANTEE

      

      

      By
_______________________________                     __________________________________

      

      Address:                                                                                         
Address:

      Alpha Natural Resources,
Inc.                     __________________________________

      One Alpha
Place                                                                 __________________________________

      P.O. Box 2345                                      __________________________________

      Abingdon,
VA  24212             

      Attn:  General
Counse

       

                                         Social
Security No.

                                         __________________________________

      

      

       

      

       

      

       

      

       

      

       

      

       

      

       

      Revised
11/8/07exhibit10-23.htm

    EXHIBIT
10.23

     

     

    Alpha
Natural Resources, Inc.

    2005
Long-Term Incentive Plan

    

    Restricted
Stock Agreement

    (For
EMPLOYEES)

    

    This
Restricted Stock Agreement set forth below (this “Agreement”)
is dated as of the issue date (the “Issue
Date”) set forth on the applicable Summary of Restricted Stock Grant, and
is between Alpha Natural Resources, Inc., a Delaware corporation (“Alpha”),
and the individual named as Stockholder on the Summary of Restricted Stock Grant
(the “Stockholder”).  The
Stockholder may view or obtain a copy of the Stockholder’s Summary of Restricted
Stock Grant document by accessing Smith Barney Benefit Access at www.benefitaccess.com.

    

    Alpha has
established its 2005 Long-Term Incentive Plan (the “Plan”) to
advance the interests of Alpha and its stockholders by providing incentives to
certain eligible persons who contribute significantly to the strategic and
long-term performance objectives and growth of Alpha and any parent, subsidiary
or affiliate of Alpha.  All capitalized terms not otherwise defined in
this Agreement have the same meaning given such capitalized terms in the
Plan.

    

    Pursuant
to the provisions of the Plan, the Committee or its Designated Administrator has
full power and authority to direct the execution and delivery of this Agreement
in the name and on behalf of Alpha, and has authorized the execution and
delivery of this Agreement.

    

    Agreement

    

    The
parties agree as follows:

    

    Section 1.  Issuance of
Stock.  Subject and
pursuant to all terms and conditions stated in this Agreement and in the Plan,
as of the Issue Date, Alpha hereby grants to Stockholder the number of shares of
Alpha’s Common Stock, par value $0.01 per share (the “Common
Stock”), set forth on the Summary of Restricted Stock
Grant.  For purposes of this Agreement, the “Shares”
shall include all of the shares of Common Stock issued to Stockholder pursuant
to this Agreement or issued with respect to such shares of Common Stock,
including, but not limited to, shares of Alpha’s capital stock issued by way of
stock dividend or stock split or in connection with a combination of shares,
recapitalization, merger, consolidation or other reorganization.

    

    Section 2.  Vesting;
Restriction on Transfer and Forfeiture of Unvested Shares.

     

     

    
      
        	
                (a)  

              	
                None
      of the Shares may be sold, transferred, pledged, hypothecated or otherwise
      encumbered or disposed of until they have vested in accordance with the
      terms of this Section 2 and the Summary of Restricted Stock Grant. Except
      as set forth in this Section 2 or as otherwise provided in a Company plan
      applicable to Stockholder or an agreement between the Stockholder and the
      Company, if any, effective at the close of business on the date
      Stockholder ceases to be employed by the Company or, if earlier, the date
      Stockholder breaches the confidentiality covenant as described in Section
      8 hereof, any Shares that are not vested in accordance with this Section 2
      shall be automatically forfeited to Alpha without any further obligation
      on the part of Alpha. Stockholder hereby assigns and transfers any
      forfeited Shares and the stock certificate(s) or other evidence of
      ownership representing such shares to
Alpha.

              

      

    
      	
              (b)  

            	
              The
      Shares will vest according to the vesting schedule set forth on the
      Summary of Restricted Stock Grant.  Unless otherwise provided in
      a Company plan applicable to Stockholder or an agreement between the
      Stockholder and the Company, if any, if:  (i) a Change of
      Control (as defined below) occurs, any unvested Shares shall vest
      immediately prior to the consummation of the Change of Control; (ii)
      Stockholder ceases to be employed by the Company as a result of
      Stockholder’s Permanent Disability (as defined below) or death, any
      unvested Shares shall become vested as of such termination of employment;
      or (iii) Stockholder’s employment is terminated by the Company other than
      for Cause (as defined below), then the number of Shares that are vested at
      the close of business on the date Stockholder ceases to be employed by the
      Company shall be calculated as if Stockholder had been continuously
      employed by the Company for an additional three
  months.

            

    

    

        Vesting shall
be tolled during any period in which Stockholder is on an approved leave of
absence from employment with the Company.

     

    
      	
              (c)  

            	
              For
      purposes of this Agreement and unless otherwise defined in a Company plan
      applicable to Stockholder or an agreement between the Stockholder and the
      Company, if any, the following terms shall have the following
      meanings:  (i) a “Change of
      Control” shall mean (A) any merger, consolidation or business
      combination in which the stockholders of Alpha immediately prior to the
      merger, consolidation or business combination do not own at least a
      majority of the outstanding equity interests of the surviving parent
      entity, (B) the sale of all or substantially all of Alpha’s assets in
      a single transaction or a series of related transactions, (C) the
      acquisition of beneficial ownership or control of (including, without
      limitation, power to vote) a majority of the outstanding Common Shares by
      any person or entity (including a “group” as defined by or under
      Section 13(d)(3) of the Exchange Act), (D) the stockholders of
      Alpha approve any plan for the dissolution or liquidation of Alpha, or
      (E) a contested election of directors, as a result of which or in
      connection with which the persons who were directors of Alpha before such
      election or their nominees cease to constitute a majority of the Board;
      (ii) the term “Permanent
      Disability” shall mean Stockholder’s physical or mental incapacity
      to perform his or her usual duties with such condition likely to remain
      continuously and permanently as determined by the Company; and (iii) the
      term “Cause”
      shall mean “Employer Cause” as set forth in any employment agreement
      between the Stockholder and the Company or, in the absence of such an
      agreement, “Cause” as defined by the Company’s employment policies in
      effect at the time of termination.

            

    

    

      
        	
                (d)  

              	
                
                  The
      certificates, if any, representing unvested Shares will bear the following
      legend:

                

              

      

    

     

    “The
securities represented by this certificate are subject to forfeiture and
restrictions on transfer as set forth in the Restricted Stock Agreement
(including the 2005 Long-Term Incentive Plan and the applicable Summary of
Restricted Stock Grant incorporated therein) between the issuer and the initial
holder of these shares.  A copy of any such documents may be obtained
by the holder without charge at the issuer’s principal place of business or upon
written request.”

    

    Section 3.  Investment
Representation.  Stockholder hereby acknowledges that the
Shares shall not be sold, transferred, assigned, pledged or hypothecated in the
absence of an effective registration statement for the shares under the
Securities Act of 1933, as amended (the “Securities
Act”), and applicable state securities laws or an applicable exemption
from the registration requirements of the Securities Act and any applicable
state securities laws or as otherwise provided herein or in the
Plan.  Stockholder also agrees that the Shares which Stockholder
acquires pursuant to this Agreement will not be sold or otherwise disposed of in
any manner which would constitute a violation of any applicable securities laws,
whether federal or state.

    

    Section 4.  Issuance and
Delivery of Shares;Rights as a
Stockholder.  The parties agree that, subject to satisfaction
of the applicable tax withholding requirements set forth in Section 5,
certificate(s) or other evidence of ownership representing the Shares shall be
delivered to Stockholder, together with a blank, executed assignment separate
from certificate in the form of Exhibit A, to Alpha
or its designated agent to be held in escrow until the date all Shares have
vested or been forfeited pursuant to Section 2 (the “Escrow
Period”).  Stockholder agrees, promptly following acceptance of
this Agreement, to contact Alpha’s human resources department to obtain a blank
assignment separate from certificate in the form of Exhibit A, and to
manually execute and deliver such certificate to Alpha’s human resources
department. Promptly following the end of the Escrow Period, Alpha or its
designated agent, as escrow agent, shall (a) deliver to Stockholder certificates
or other evidence of ownership representing vested Shares, provided, however,
that Stockholder has complied with any withholding tax requirements as set forth
in Section 5, and (b) cancel any Shares that have been forfeited by Stockholder
pursuant to Section 2.  Prior to the end of the Escrow Period, if
Stockholder wishes to transfer any Shares which have vested pursuant to Section
2, Alpha shall take action reasonably requested by Stockholder to facilitate
such transfer, including causing the delivery of certificates or other evidence
of ownership representing such shares to be transferred.  Alpha shall
not issue stock certificate(s) or other evidence of ownership representing
Shares if the Committee or Designated Administrator or other authorized agent
determines, in its or his sole discretion, that the issuance of such
certificate(s) or other evidence of ownership would violate the terms of the
Plan, this Agreement or applicable law.  Except as otherwise provided
in the Plan, no person shall be, or have any of the rights or privileges of, a
stockholder of Alpha with respect to any of the Shares unless and until
certificates or other evidence of ownership representing such Shares shall have
been issued or reflected in such person’s name.

    

    Section 5.  Income
Taxes.   Stockholder acknowledges that any income for federal,
state or local income tax purposes that Stockholder is required to recognize on
account of the issuance of the Shares to Stockholder shall be subject to
withholding of tax by the Company.  Stockholder agrees that the
Company may either withhold an appropriate amount from any compensation
(including the Shares) or any other payment of any kind then payable or that may
become payable to Stockholder, or require Stockholder to make a cash payment to
the Company equal to the amount of withholding required in the opinion of the
Company.  In the event Stockholder does not make such payment when
requested, the Company may refuse to issue or cause to be delivered any Shares
under this Agreement or any other incentive plan agreement entered into by
Stockholder and the Company until such payment has been made or arrangements for
such payment satisfactory to the Company have been made.  Stockholder
agrees further to notify the Company promptly if Stockholder files an election
pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended (the
“Code”), with respect to any
Shares.

    

    Section 6.  Rights as a
Stockholder.   Neither the Plan nor this Agreement shall be
deemed to give Stockholder any right to continue to be employed by the Company,
nor shall the Plan or the Agreement be deemed to limit in any way the Company’s
right to terminate the employment of the Stockholder at any time.

    

    Section 7.  Further
Assistance.  Stockholder will
provide assistance reasonably requested by the Company in connection with
actions taken by Stockholder while employed by the Company, including but not
limited to assistance in connection with any lawsuits or other claims against
the Company arising from events during the period in which Stockholder was
employed by the Company.

    

    Section 8.  Confidentiality.  Stockholder
acknowledges that the business of the Company is highly competitive and that the
Company’s strategies, methods, books, records, and documents, technical
information concerning their products, equipment, services, and processes,
procurement procedures and pricing techniques, the names of and other
information (such as credit and financial data) concerning former, present or
prospective customers and business affiliates, all comprise confidential
business information and trade secrets which are valuable, special, and unique
assets which the Company uses in their business to obtain a competitive
advantage over competitors.  Stockholder further acknowledges that
protection of such confidential business information and trade secrets against
unauthorized disclosure and use is of critical importance to the Company in
maintaining its competitive position.  Stockholder acknowledges that
by reason of Stockholder’s duties to and association with the Company,
Stockholder has had and will have access to and has and will become informed of
confidential business information which is a competitive asset of the
Company.  Stockholder hereby agrees that Stockholder will not, at any
time, make any unauthorized disclosure of any confidential business information
or trade secrets of the Company, or make any use thereof, except in the carrying
out of employment responsibilities.  Stockholder shall take all
necessary and appropriate steps to safeguard confidential business information
and protect it against disclosure, misappropriation, misuse, loss and
theft.  Confidential business information shall not include
information in the public domain (but only if the same becomes part of the
public domain through a means other than a disclosure prohibited
hereunder).  The above notwithstanding, a disclosure shall not be
unauthorized if (i) it is required by law or by a court of competent
jurisdiction or (ii) it is in connection with any judicial, arbitration, dispute
resolution or other legal proceeding in which Stockholder’s legal rights and
obligations as an employee or under this Agreement are at issue; provided,
however, that Stockholder shall, to the extent practicable and lawful in any
such events, give prior notice to the Company of Stockholder’s intent to
disclose any such confidential business information in such context so as to
allow the Company an opportunity (which Stockholder will not oppose) to obtain
such protective orders or similar relief with respect thereto as may be deemed
appropriate. Any information not specifically related to the Company would not
be considered confidential to the Company.  In addition to any other
remedy available at law or in equity, in the event of any breach by Stockholder
of the provisions of this Section 8 which is not waived in writing by the
Company, all vesting of the Shares shall cease effective upon the occurrence of
the actions or inactions by Stockholder constituting a breach by Stockholder of
the provisions of this Section 8.

    

    Section 9.  Binding Effect;
No Third Party Beneficiaries.  This Agreement shall be binding
upon and inure to the benefit of the Company and Stockholder and their
respective heirs, representatives, successors and permitted
assigns.  This Agreement shall not confer any rights or remedies upon
any person other than the Company and the Stockholder and their respective
heirs, representatives, successors and permitted assigns.  The parties
agree that this Agreement shall survive the issuance of the Shares.

    

    Section 10.  Agreement to
Abide by Plan; Conflict between Plan and Agreement.  The Plan
is hereby incorporated by reference into this Agreement and the Plan and Summary
of Restricted Stock Grant are made a part hereof as though fully set forth in
this Agreement.  Stockholder, by execution of this Agreement, (i)
represents that he or she is familiar with the terms and provisions of the Plan
and the Summary of Restricted Stock Grant, and (ii) agrees to abide by all of
the terms and conditions of this Agreement, the Summary of Restricted Stock
Grant and the Plan.  Stockholder accepts as binding, conclusive and
final all decisions or interpretations of the Designated Administrator of the
Plan upon any question arising under the Plan, this Agreement (including,
without limitation, the date of any termination of Stockholder’s employment with
the Company) and the Summary of Restricted Stock Grant.  In the event
of any conflict between the Plan and this Agreement and/or the Summary of
Restricted Stock Grant, the Plan shall control and this Agreement and/or the
Summary of Restricted Stock Grant shall be deemed to be modified accordingly,
except to the extent that the Plan gives the Designated Administrator the
express authority to vary the terms of the Plan by means of this Agreement
and/or the Summary of Restricted Stock Grant, in which case, this Agreement
and/or the Summary of Restricted Stock Grant shall govern.

    

    Section 11.  Entire
Agreement.  Except as otherwise provided herein, in any Company
plan applicable to the Stockholder, or in any other agreement between
Stockholder and the Company, this Agreement, the Plan and the Summary of
Restricted Stock Grant, which Stockholder has reviewed and accepted in
connection with the grant of the Shares reflected by this Agreement, constitute
the entire agreement between the parties and supersede any prior understandings,
agreements, or representations by or between the parties, written or oral, to
the extent they related in any way to the subject matter of this
Agreement.

    

    Section 12.  Choice of
Law.  To the extent not superseded by federal law, the laws of
the state of Delaware (without regard to the conflicts laws of Delaware) shall
control in all matters relating to this Agreement and any action relating to
this Agreement must be brought in State and Federal Courts located in the
Commonwealth of Virginia.

    

    Section 13.  Notice.  All
notices, requests, demands, claims, and other communications under this
Agreement shall be in writing.  Any notice, request, demand, claim, or
other communication under this Agreement shall be deemed duly given if (and then
two business days after) it is sent by registered or certified mail, return
receipt requested, postage prepaid, and addressed to the intended recipient at
the address set forth in the Summary of Restricted Stock
Grant.  Either party to this Agreement may send any notice, request,
demand, claim, or other communication under this Agreement to the intended
recipient at such address using any other means (including personal delivery,
expedited courier, messenger service, telecopy, ordinary mail, or electronic
mail), but no such notice, request, demand, claim, or other communication shall
be deemed to have been duly given unless and until it actually is received by
the intended recipient. Either party to this Agreement may change the address to
which notices, requests, demands, claims, and other communications hereunder are
to be delivered by giving the other party notice in the manner set forth in this
section.

    

    Section 14.  Counterparts.  This
Agreement may be executed in one or more counterparts, each of which shall be
deemed an original but all of which together shall constitute one and the same
instrument.

    

    Section 15.  Amendments.  This
Agreement may be amended or modified at any time by an instrument in writing
signed by the parties hereto, or as otherwise provided under the
Plan.  Notwithstanding, Alpha may, in its sole discretion and without
the Stockholder’s consent, modify or amend the terms of this Agreement, impose
conditions on the timing and effectiveness of the issuance of the Shares, or
take any other action it deems necessary or advisable, to cause this Award to be
excepted from Section 409A of the Code (or to comply therewith to the extent
Alpha determines it is not excepted).

    

    Section 16.  Acknowledgments.

             

    
      	
              (a)

            	
              By
      accepting the Shares, the Stockholder acknowledges receipt of a copy of
      the Plan, the Summary of Restricted Stock Grant, and the prospectus
      relating to the Shares, and agrees to be bound by the terms and conditions
      set forth in the Plan, the Summary of Restricted Stock Grant, and this
      Agreement, as in effect and/or amended from time to
  time.

            

    

     

    
      	
              (b)

            	
              The
      Plan and related documents, which may include but do not necessarily
      include the Plan prospectus, this Agreement and financial reports of the
      Company, may be delivered to you electronically.  Such means of
      delivery may include but do not necessarily include the delivery of a link
      to a Company intranet site or the internet site of a third party involved
      in administering the Plan, the delivery of the documents via e-mail or
      CD-ROM or such other delivery determined at the Designated Administrator’s
      discretion.  Both Internet Email and the World Wide Web are
      required in order to access documents electronically.
  

            

    

    

    
      	
              (c)

            	
              This
      Award is intended to be excepted from coverage under Section 409A of the
      Code and the regulations promulgated thereunder and shall be interpreted
      and construed accordingly. Notwithstanding, Stockholder recognizes and
      acknowledges that Section 409A of the Code may impose upon the Stockholder
      certain taxes or interest charges for which the Stockholder is and shall
      remain solely responsible.

            

    

     

     

    
      	
              (d)

            	
              
                Stockholder
      acknowledges that, by receipt of this Award, Stockholder has read this
      Section 16 and consents to the electronic delivery of the Plan and related
      documents, as described in this Section 16.  Stockholder
      acknowledges that Stockholder may receive from the Company a paper copy of
      any documents delivered electronically at no cost if Stockholder contacts
      the Vice President of Human Resources of the Company by telephone at (276)
      619-4410 or by mail to One Alpha Place, P.O. Box 2345, Abingdon, VA
      24212.  Stockholder further acknowledges that Stockholder will be
      provided with a paper copy of any documents delivered electronically if
      electronic delivery fails.

              

            

    

    
 

    

    Revised:  11/8/2007

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