Document:

EX-4.4

 Exhibit 4.4 
 STOCK OPTION AGREEMENT 
 THIS AGREEMENT dated as of
            , 201    . 
 BETWEEN: 

SMART TECHNOLOGIES INC., a body corporate amalgamated under the laws of the Province of Alberta (the
“Corporation”) 
 AND: 
                      (the “Optionee”) 

WHEREAS: 
  

	A.	The Corporation has adopted an Amended and Restated Equity Incentive Plan (which equity incentive plan, as may be amended from time to time, is referred to herein as
the “Plan”); and 

  

	B.	The Board of Directors of the Corporation has approved the granting to the Optionee of a stock option to purchase shares of the Corporation under the Plan;

 IN CONSIDERATION OF THE MUTUAL PROMISES CONTAINED IN THIS AGREEMENT, THE PARTIES AGREE AS FOLLOWS:

  

	1.	Pursuant to the provisions of the Plan, the Corporation hereby grants to the Optionee, on the terms and conditions contained herein, an irrevocable right (the
“Option”) to purchase from the Corporation an aggregate of              Class A Subordinate Voting Shares in the capital of the Corporation (the
“Shares”), at the price of US$ZZZZ per share (the “Exercise Price”) exercisable as to the number of Shares and within the periods of time set forth in Section 3 of this Agreement. 

 

	2.	The Option granted hereby is subject to the terms and conditions of this Agreement and as contained in the Plan. The Plan is incorporated into and made a part of this
Agreement. Unless there is something inconsistent in the subject or context, or unless otherwise provided in this Agreement, each of the capitalized expressions used in this Agreement has the same meaning ascribed to it in the Plan.

  

	3.	Subject to the limitations on exercise and termination contained in the Plan, the Optionee may exercise the Option at any time after the date of this Agreement and
before 5:00 p.m. (Calgary time) on                 , 201     (the “Normal Expiry Date”), subject to the vesting conditions below. At
5:00 p.m. (Calgary time) on the Normal Expiry Date, the Option terminates and is of no further force or effect in respect of those Shares for which the Option has not been exercised. The Option will vest as follows: 

One-quarter (25%) of the Shares on             ,
201     
 One-quarter (25%) of the Shares on
            , 201     
 One-quarter (25%) of
the Shares on             , 201     
 One-quarter
(25%) of the Shares on             , 201     
 Provided that the Optionee shall have performed the duties of his or her position with the Corporation for, on a cumulative basis, not less than 250 days in each 12-month period preceding the respective
vesting date for each of four years and if such condition is not satisfied no vesting of the Option shall occur on the vesting date, even if the Optionee would otherwise be entitled to such vesting. 

	4.	Subject to the provisions of the Plan, the Optionee or his legal personal representative may exercise the Option for vested Shares by giving a written notice (the
“Notice”) to the Corporation substantially in the form of Exhibit “A”. In the Notice, the Optionee will specify the number of Shares being purchased. Concurrently, the Optionee will deliver payment, by cash, certified
cheque or bank draft, in the full amount of the Exercise Price for the number of Shares specified in the Notice. As soon as reasonably practical but in no event later than 5 business days thereafter, the Optionee will deliver payment, by cash,
certified cheque or bank draft of an amount sufficient to enable the Corporation (or an Affiliate, as applicable) to satisfy its obligations regarding the remittance of applicable tax and other source deductions resulting from the exercise of such
options. Within 10 days after the Corporation’s receipt of the Notice, the Exercise Price and the amount for withholding taxes, the Corporation will deliver (or cause to be delivered) to the Optionee or his legal personal representatives, or as
the Optionee or his legal personal representatives may otherwise direct in the Notice, one or more certificates in the name of the Optionee or his legal personal representative, representing the aggregate number of Shares for which the Optionee or
his legal personal representatives have paid the Exercise Price. 

  

	5.	Nothing contained in the Plan or this Agreement requires the Optionee to purchase any Shares except those Shares in respect of which the Optionee has exercised his
Option in the manner provided in Section 4 of this Agreement. 

  

	6.	The Optionee has no rights as a shareholder for any of the Shares, including without limitation, the right to receive dividends or other distributions thereon, other
than in respect of those Shares for which the Optionee has exercised this Option and for which the Corporation has issued certificates, both in the manner provided in Section 4 of this Agreement. 

 

	7.	If a conflict arises between the Plan and this Agreement, the terms and conditions of the Plan shall prevail. The Corporation and the Optionee will refer to the
Committee any question, conflicts or disputes arising under the Plan or this Agreement as to the interpretation, construction or enforcement of the Option and agree that the Committee’s decision is final and binding on the parties.

  

	8.	All notices and other communications under this Agreement or the Plan are deemed to have been sufficiently given if personally delivered, if given by facsimile at the
number indicated below or if mailed by registered prepaid post addressed as follows: 

  

	 	(a)	If to the Corporation, to 3636 Research Road NW, Calgary, Alberta, T2L 1Y1 or to fax number (403) 407-4897, Attention: VP, People Services.

  

	 	(b)	If to the Optionee, at the address specified on the signature page of this Agreement or, if no such address is provided, at the address specified for the Optionee in
the records of the Corporation. 

 A notice or other communication delivered personally is deemed to have been
received as soon as actual delivery has been made at the address above. A notice or other communication given by facsimile is deemed to have been given on the date that confirmation of transmission is received by the sender. A notice or other
communication mailed is deemed to have been given on the third business day after the day it is posted in any post office in the Province of Alberta. Either party to this Agreement may, at any time, change its address for service by notice given in
the manner set out in this Agreement. 
  

	9.	This Agreement enures to the benefit of and is binding upon the Corporation, its successors and assigns, and the Optionee and his legal personal representatives to the
extent provided in the Plan. Neither the Option nor this Agreement is assignable by the Optionee or his legal personal representatives. 

  
 - 2 -

	10.	Time is of the essence of this Agreement. 

  

	11.	In this Agreement words importing the masculine gender include feminine and vice versa. Similarly, words importing the singular include the plural and vice versa.

  

	12.	This Agreement and the Option are subject to and are to be construed in accordance with the laws of the Province of Alberta. 

 

	13.	The Optionee acknowledges and agrees that the granting of these Options is governed by applicable securities laws which may require the Optionee to file an insider
report on SEDI within the applicable time frame. The Optionee further acknowledges that the filing of an insider report is his or her personal responsibility. 

 

	14.	This Agreement constitutes the whole and entire agreement between the parties in connection with the subject matter hereof and cancels and supersedes any prior
agreements, undertakings, declarations, commitments, representations, written or oral, in respect thereof, and, other than as set forth in the Plan, there are no express or implied terms, conditions, agreements, undertakings, declarations,
commitments, representations or warranties or other duties (legal, equitable, fiduciary, in tort or under general principles of civil law) whatsoever between the parties not expressly provided for in this Agreement. 

IN WITNESS WHEREOF the parties hereto have signed and delivered this Agreement as of the date first above written. 

 

					
	SIGNED AND DELIVERED	 	)	 	
	In the presence of	 	)	 	
		 	)	 	
		 	)	 	
		 	)	 	
	  
	 	)	 	  

	Witness	 		 	

 Address for service of the Optionee: 

 

											
	  
	 		 	SMART TECHNOLOGIES INC.
				
	  
	 		 		 	
					
		 		 		 	Per:	 	  

	  
	 		 		 	Name:	 	Nancy Knowlton
		 		 		 		 	Title:	 	President & CEO
						
	Facsimile No.:	 	  
	 		 		 		 	

  
 - 3 -

 EXHIBIT “A” 

 
 SMART TECHNOLOGIES INC.

 (the “Corporation”) 
 NOTICE OF EXERCISE OF OPTION 
 This is the Notice referred to in a Stock Option Agreement
between the Corporation and              (the “Optionee”) dated              (the “Agreement”).
Capitalized terms used herein shall have the meanings ascribed thereto in the Agreement. 
 The undersigned Optionee (or his legal
representative(s) permitted under the Plan) hereby irrevocably elects to exercise his Option for the number and class of Shares (or other property or securities subject thereto) as set forth below: 

 

					
	 (a)
	  	 Number of Shares to be Acquired:
	  	
			
	 (b)
	  	 Class of Shares:
	  	 Class A Subordinate Voting Shares

			
	 (c)
	  	 Exercise Price Per Share:
	  	 $        

			
	 (d)
	  	 Aggregate Exercise Price:
	  	 $        

 And hereby tenders either cash, a certified cheque or a bank draft for the aggregate Exercise Price, and directs that the
Shares be registered and a certificate therefor be issued and delivered as directed below. 
 DATED THIS      day of
             (month),          year) 
  

					
	WITNESS TO EXECUTION	 	)	 	
		 	)	 	
		 	)	 	
	  
	 	)	 	  

		 	)	 	Name of Optionee
		 	)	 	
		 	)	 	
		 	)	 	  

		 	)	 	Signature of Optionee
			
	Direction as to Registration of Shares	 		 	
			
	  
	 		 	
	Name of Registered Holder	 		 	
			
	  
	 		 	
	Address of Registered HolderEX-4.5

 Exhibit 4.5 
 RSU AGREEMENT 
 FOR U.S. PARTICIPANT 

THIS AGREEMENT dated —, —.

 BETWEEN: 

SMART TECHNOLOGIES INC., a body corporate amalgamated under the laws of the Province of Alberta (the
“Corporation”) 
 AND: 
              (the “Participant”) 
 WHEREAS: 
  

	A.	The Corporation has adopted an Amended and Restated Equity Incentive Plan (which equity incentive plan, as may be amended from time to time, is referred to herein as
the “Plan”); and 

  

	B.	The Board of Directors of the Corporation has approved the granting to the Participant of restricted share units of the Corporation under the Plan;

 IN CONSIDERATION OF THE MUTUAL PROMISES CONTAINED IN THIS AGREEMENT, THE PARTIES AGREE AS FOLLOWS:

  

	1.	The Corporation hereby grants to the Participant, upon and subject to the terms and conditions of this Agreement, —
Restricted Share Units. Such Restricted Share Units shall vest and become Vested Restricted Share Units as to the number of Restricted Share Units set forth below on the vesting date set forth opposite such number: 

 

			
	 Number of Restricted Share Units
	  	 Vesting Date

	 —
	  	—
	 —
	  	—
	 —
	  	—

 Within 30 days after Restricted Share Units granted hereunder become Vested Restricted Share Units, and
always prior to December 31st of the third year following the RSU Service Year (as specified in Section 3 hereof), such Vested Restricted Share Units shall be redeemed and paid by the Participant’s Employer to the Participant or the
Participant’s Beneficiary, as applicable, with such payment being equal to the Fair Market Value of the Vested Restricted Share Units so redeemed, calculated as of the date of vesting, which payment shall, after deduction of any applicable
taxes and other source deductions required to be withheld by the Employer, be paid in cash or Shares, at the choice of the Employer. All Vested Restricted Share Units that are redeemed shall thereafter be cancelled and no longer outstanding.

  

	2.	The Restricted Share Units granted hereby are subject to the terms and conditions of this Agreement and as contained in the Plan. The Plan is incorporated into and made
a part of this Agreement. Unless there is something inconsistent in the subject or context, or unless otherwise provided in this Agreement, each of the capitalized expressions used in the Agreement has the same meaning ascribed to it in the Plan.

  

	3.	The RSU Service Year with respect to the Restricted Share Units granted pursuant hereto shall be —.

	4.	Subject to the condition that no payout can be made in respect of a Restricted Share Unit except in the circumstances specified in Section 6 of the Plan:

  

	 	(a)	All Vested Restricted Share Units shall be paid out in accordance with this Agreement and the Plan. 

 

	 	(b)	Subject to the remaining provisions of this Section 4 and to any express resolution passed by the Board or the permitted exercise of discretion by the Committee,
on a Participant’s Termination Date (the Termination Date being, in respect of a Participant, the date that the Participant ceases to be actively employed by, or ceases to provide services as a consultant to, the Corporation or an Affiliate for
any reason, without regard to any statutory, contractual or common law notice period that may be required by law following the termination of the Participant’s employment or consulting relationship in the Corporation or Affiliate), any
Restricted Share Units granted to such Participant that have not become Vested Restricted Share Units on or prior to the Participant’s Termination Date shall terminate and become null and void as of such date. 

 

	 	(c)	Notwithstanding the preceding Paragraph (b), where the Participant’s Termination Date occurs as a result of the Participant’s death or disability or voluntary
termination by the Participant for Good Reason, in respect of any Restricted Share Units standing to the credit of such Participant that have not become Vested Restricted Share Units on or prior to the Participant’s Termination Date, a pro
rata proportion of such Restricted Share Units shall become Vested Restricted Share Units on the Participant’s Termination Date based on the number of full months during the vesting period that the Participant was actively employed by the
Corporation or an Affiliate versus the number of full months in the vesting period. Notwithstanding the definition of “Good Reason” in the Plan, for purposes of this Agreement, “Good Reason” means “good reason” or
similar term as defined in the Participant’s written employment agreement with the Corporation or an Affiliate of the Corporation, if such definition satisfies the requirements of Section 1.409A-1(n)(2) of the United States Treasury
Regulations so that a voluntary termination for Good Reason effectively constitutes an “involuntary separation from service.” If the Participant (i) is not employed under a written agreement with the Corporation or an Affiliate of the
Corporation or (ii) is employed under a written agreement with the Corporation or an Affiliate of the Corporation, but such agreement does not satisfy the requirements of Section 1.409A-1(n)(2) of the United States Treasury Regulations so
that a voluntary termination for Good Reason effectively constitutes an “involuntary separation from service”, no Good Reason will exist upon the Participant’s voluntary termination of employment. [NOTE TO DRAFT: If you prefer, for
persons without compliant good reason provisions in their employments agreements, we could replace the “Good Reason” definition with a definition that would satisfy the safe harbor rule under Code Section 409A. We are not sure how
critical this provision providing vesting upon termination for Good Reason was for the design of the award, but we can modify this language, if desired. We also note that the provision providing accelerated vesting upon termination without Cause was
removed. If the Good Reason provision should also be removed, please let us know.] 

  

	5.	Participation in the Plan is voluntary and is not a condition of employment with the Corporation. No Participant shall have any claim or right to be granted Restricted
Share Units pursuant to the Plan. 

  

	6.	Neither the Corporation nor any subsidiary of the Corporation (which for the purposes of this Award Agreement includes their respective directors, officers and
employees) shall have any liability for: (i) the income or other tax consequences to Participants arising from participation in the Plan; (ii) any change in the value of the Restricted Share Units; or (iii) any delays or errors in the
administration of the Plan, except where such person has acted with wilful misconduct. Participants should consult their own tax and business advisors as neither the Company nor any of its subsidiaries is providing any such advice to any
Participant. 

	7.	If a conflict arises between the Plan and this Agreement, the terms and conditions of the Plan shall prevail. The Corporation and the Participant will refer to the
Committee any question, conflicts or disputes arising under the Plan or this Agreement as to the interpretation, construction or enforcement of the Restricted Share Units and agree that the Committee’s decision is final and binding on the
parties. 

  

	8.	All notices and other communications under this Agreement or the Plan are deemed to have been sufficiently given if personally delivered, if given by facsimile at the
number indicated below or if mailed by registered prepaid post addressed as follows: 

  

	 	(a)	If to the Corporation, to 3636 Research Road NW, Calgary, Alberta, T2L 1Y1 or to fax number (403) 407-4897, Attention: VP, People Services.

  

	 	(b)	If to the Participant, at the address specified on the signature page of this Agreement or, if no such address is provided, at the address specified for the Participant
in the records of the Corporation. 

 A notice or other communication delivered personally is deemed to have been
received as soon as actual delivery has been made at the address above. A notice or other communication given by facsimile is deemed to have been given on the date that confirmation of transmission is received by the sender. A notice or other
communication mailed is deemed to have been given on the third business day after the day it is posted in any post office in the Province of Alberta. Either party to this Agreement may, at any time, change its address for service by notice given in
the manner set out in this Agreement. 
  

	9.	This Agreement enures to the benefit of and is binding upon the Corporation, its successors and assigns, and the Participant and his legal personal representatives to
the extent provided in the Plan. Neither the Restricted Share Units granted hereby nor this Agreement is assignable by the Participant or his legal personal representatives. 

 

	10.	Time is of the essence of this Agreement. 

  

	11.	In this Agreement words importing the masculine gender include feminine and vise versa. Similarly, words importing the singular include the plural and vise versa.

  

	12.	This Agreement is subject to and is to be construed in accordance with the laws of the Province of Alberta. 

 

	13.	The Participant acknowledges and agrees that the granting of these Restricted Share Units is governed by applicable securities laws which may require the Participant to
file an insider report on SEDI within the applicable time frame. The Participant further acknowledges that the filing of an insider report is his or her personal responsibility. 

 

	14.	The Restricted Share Units granted pursuant to this Agreement are designed to be exempt from Section 409A of the United States Internal Revenue Code and shall be
construed and interpreted in accordance with such intent. 

  

	15.	This Agreement constitutes the whole and entire agreement between the parties in connection with the subject matter hereof and cancels and supersedes, except to the
extent otherwise provided herein or in the Plan, any prior agreements, undertakings, declarations, commitments, representations, written or oral, in respect thereof, and, other than as set forth in the Plan, there are no express or implied terms,
conditions, agreements, undertakings, declarations, commitments, representations or warranties or other duties (legal, equitable, fiduciary, in tort or under general principles of civil law) whatsoever between the parties not expressly provided for
in this Agreement. 

 IN WITNESS WHEREOF the parties hereto have signed and delivered the Agreement as of
the date first above written. 
  

					
	SIGNED AND DELIVERED	 	)	 	
	In the presence of	 	)	 	
		 	)	 	
		 	)	 	
		 	)	 	
	  
	 	)	 	  

	Witness	 		 	

 Address for service of the Participant: 

 

									
	  
	 		 	SMART TECHNOLOGIES INC.
				
	  
	 		 		 	
					
		 		 		 	Per:	 	  

	  
	 		 		 	Nancy Knowlton
		 		 		 		 	President & CEO
	Facsimile No.:

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