Document:

exv4w4

Exhibit 4.4

NOTE: Optional or alternative provisions are identified by brackets

UTi WORLDWIDE INC.

2009 LONG-TERM INCENTIVE PLAN

 

Restricted Share Unit Award Agreement

[Providing for the Withholding of Shares to Satisfy Tax Liabilities]

(for U.S. residents/taxpayers)

Award No.                     

          You (the “Participant”) are hereby awarded Restricted Share Units subject to the terms
and conditions set forth in this Restricted Share Unit Award Agreement (“Award”) and in the
UTi Worldwide Inc. 2009 Long-Term Incentive Plan (“Plan”), which is attached hereto as
Exhibit A. A summary of the Plan appears in the Prospectus, which is attached hereto as
Exhibit B. You should carefully review these documents, and consult with your personal
legal and financial advisors, in order to assure that you fully understand the terms, conditions,
and financial implications of this Award before executing this Award.

          By executing this Award, you agree to be bound by all of the Plan’s terms and conditions as if
they had been set out verbatim in this Award. In addition, you recognize and agree that all
determinations, interpretations, or other actions respecting the Plan and this Award will be made
by the Committee and shall be final, conclusive and binding on all parties, including you and your
successors in interest. Capitalized terms are defined in the Plan or in this Award.

     1. Specific Terms. This Award shall have, and be interpreted according to, the
following terms, subject to the provisions of the Plan in all instances:

	 	 	 
	Name of Participant
	 	 
	 
	 	 
	Number of Restricted Share Units
Subject to Award
	 	 
	 
	 	 
	Grant Date
	 	 
	 
	 	 
	Service Requirements for Vesting

	 	Subject to acceleration pursuant to
Section 2 or Section 3 below and to
forfeiture pursuant to Section 5
below, your rights under this Award
shall become vested and
non-forfeitable as follows:
[                    .]
	 
	 	 
	Section 83(b) Election Permitted

	 	o Yes            o No
	 
	 	 
	Deferral Election Permitted

	 	o Yes            o No

 

 

Restricted Share Unit Award Agreement [Providing for the Withholding of

Shares to Satisfy Tax Liabilities] (for U.S. residents/taxpayers)

UTi Worldwide Inc.

2009 Long-Term Incentive Plan

Page 2

     2. Accelerated
Vesting upon Death or Disability. [If your Continuous Service ends due
to your death or because you become Disabled, you will become partially vested in the unvested
Shares subject to this Award (and will forfeit all other rights under this Award). The number of
unvested Shares in which your interest will vest will be equal to                     .]

     3. Accelerated
Vesting upon Termination without Cause or upon a Change in Control.

     (a) [Unless otherwise provided in an employment or other similar agreement between the Company
or any of its Affiliates and you then in effect, in the event your employment is terminated without
Cause at any time, you will become partially vested in the unvested Shares subject to this Award
(and will forfeit all other rights under this Award). The number of unvested Shares in which your
interest will vest will be equal to                     .

     (b) To the extent that this Award is assumed or substituted by a Successor Corporation, unless
otherwise provided in an employment or other similar agreement between the Company or any of its
Affiliates and you then in effect, in the event you are Involuntarily Terminated on or within 12
months (or such other period set forth in any applicable employment or similar agreement) following
a Change in Control, then this Award shall                     .]

     4. Satisfaction of Vesting Restrictions. No Shares will be issued before you complete
the requirements that are necessary for you to vest in the Shares underlying your Restricted Share
Units. As soon as practicable after the date on which your Award vests in whole or in part, but no
later than the 15th day of the third month following the calendar year in which vesting occurs, the
Company will issue to you or your duly-authorized transferee, free from vesting restrictions (but
subject to such legends as the Company determines to be appropriate), one Share for each vested
Restricted Share Unit[, less the number of Shares cancelled by the Company in connection with the
payment of withholding taxes as provided for in Section 20 below]. Fractional shares (including
fractional shares resulting from Sections 6 or 9 of this Award) will not be issued, and cash shall
be paid in lieu thereof. Certificates shall not be delivered to you unless you have made
arrangements satisfactory to the Committee to satisfy tax-withholding obligations.

     5. Failure of Vesting Restrictions. By executing this Award, you acknowledge and
agree that if your Continuous Service terminates prior to the date that you satisfy the vesting
requirements for unvested Shares set forth in Section 1 of this Award (and subject to any
accelerated vesting pursuant to Sections 2 or 3 above), you will irrevocably forfeit any and all
rights to unvested Shares under this Award, and this Award with respect to such unvested Shares
will immediately become null, void, and unenforceable.

     6. Dividends. Whenever Shares are deliverable to you or your duly-authorized
transferee pursuant to the vesting of the Shares underlying your Restricted Share Units, you or
your duly-authorized transferee shall also be entitled to receive, with respect to each Share then
vesting [(including Shares cancelled by the Company in connection with the payment of withholding
taxes as provided for in Section 20 below)] a number of additional Shares equal to the sum of:

 

 

Restricted Share Unit Award Agreement [Providing for the Withholding of

Shares to Satisfy Tax Liabilities] (for U.S. residents/taxpayers)

UTi Worldwide Inc.

2009 Long-Term Incentive Plan

Page 3

     (i) any per-Share dividends which were declared and paid in Shares to the Company’s
shareholders of record between the Grant Date and the date Shares are delivered to you or
your duly authorized transferee pursuant to the particular vesting event for this Award; and

     (ii) the Shares that you or your duly authorized transferee could have purchased at
their Fair Market Value on the payment date of any cash dividends if you or your duly
authorized transferee had received such cash dividends with respect to each Share underlying
your Restricted Share Units, between the Grant Date and the date Shares are delivered to you
or your duly authorized transferee pursuant to the particular vesting event for this Award.

     7. Voting. With respect to the Shares to be issued or held by you pursuant to this
Award, you may not exercise voting rights until you become the record owner of the Shares.

     8. Section 83(b) Election Notice. To the extent specifically permitted on the first
page of this Award, if you provide the Company with prior written notice of your intention to make
an election under Section 83(b) of the Code with respect to the Shares underlying your Restricted
Share Units (a “Section 83(b) election”) within ten days after receiving this Award, the
Committee shall convert your Restricted Share Units into Restricted Shares, on a one-for-one basis,
pursuant to the terms of (and in full satisfaction of) this Award. You may then make a Section
83(b) Election with respect to those Restricted Shares; provided, that your Section 83(b) Election
will be invalid if not filed with the Company and the appropriate U.S. tax authorities within 30
days after the Grant Date of this Award. Exhibit C contains a suggested form of Section
83(b) election. If you make a Section 83(b) election, then you will be responsible for the
satisfaction of all taxes that arise as a result of the election and you acknowledge that none of
your Shares subject to this Award have vested as of the time of such Section 83(b) election. Any
Restricted Shares issued to you pursuant to this Section 8 shall be subject to the same vesting and
other restrictions applicable to the Restricted Share Units granted pursuant this Award (including
those set forth in Sections 1 through 5 of this Award) and any certificates representing such
Restricted Shares shall bear such legends as the Company determines to be appropriate until all
vesting restrictions lapse and replacement certificates for unrestricted Shares are issued to you
pursuant to Section 4 of this Award. 

     9. Deferral
Election. To the extent specifically permitted on the first page of this
Award, at any time within the 30-day period following the Grant Date, you may irrevocably elect, in
accordance with Section 8 of the Plan, to defer the receipt of all or a percentage of the Shares
that would otherwise be transferred to you upon the vesting of this Award, provided, that you may
not defer the receipt of any Shares that are scheduled to vest (pursuant to Section 1 above) within
12 months of the date of such election. If you make this election: (i) the Company shall credit
the Shares subject to the election, and any associated dividends, to a DSU account established
pursuant to Section 8 of the Plan at the end of each calendar quarter in which such Shares and any
associated dividends would otherwise have been delivered to you pursuant to Sections 7(d) and 7(e)
of the Plan, and (ii) any vesting that would have occurred within the 12-month period following the
date of your election shall occur on the 12-month anniversary of such election, provided that
vesting may

 

 

Restricted Share Unit Award Agreement [Providing for the Withholding of

Shares to Satisfy Tax Liabilities] (for U.S. residents/taxpayers)

UTi Worldwide Inc.

2009 Long-Term Incentive Plan

Page 4

occur immediately upon your death or Disability. Whenever Shares are issued to you pursuant
to this Section 9, you shall also be entitled to receive, with respect to each Share issued, a
number of Shares determined in a manner consistent with Section 6 above, but by reference to the
period from the Grant Date of the DSU to its settlement through the issuance of Shares to you. A
copy of the form which you may use to make a deferral election is attached hereto as Exhibit
D. Notwithstanding the foregoing, Shares which have been subject to a Section 83(b) election
are not eligible for deferral.

     10. Modifications. This Award may be modified or amended at any time, provided that
you must consent in writing to any modification that materially and adversely affects your rights
under the Award unless, before a Change in Control, the Committee determines in good faith that the
modification is not materially adverse to you; provided, further, however, that, if the Committee
determines that the Award may be subject to Section 409A of the Code and related Department of
Treasury guidance (including such Department of Treasury guidance as may be issued after the
Effective Date), the Committee may adopt such amendments to the Plan and the Option or adopt other
policies and procedures (including amendments, policies and procedures with retroactive effect), or
take any other actions, that the Committee determines are necessary or appropriate to (a) exempt
the Award from Section 409A of the Code and/or preserve the intended tax treatment of the benefits
provided with respect to the Award, or (b) comply with the requirements of Section 409A of the Code
and related Department of Treasury guidance and thereby avoid the application of any penalty taxes
under such section.

     11. Termination,
Rescission, Recapture and Reimbursement. By executing this Award,
you acknowledge and agree that this Award is made subject to the Company’s right of Termination in
the circumstances provided for in Section 15 of the Plan and the Company’s right of Termination,
Rescission, Recapture and Reimbursement in the circumstances provided for in Section 16 of the
Plan.

     12. Not a Contract of Employment. By executing this Award, you acknowledge and agree
that (i) any person who is terminated before full vesting of an award, such as the one granted to
you by this Award, could claim that he or she was terminated to preclude vesting; (ii) you promise
never to make such a claim; (iii) nothing in this Award or the Plan confers on you any right to
continue an employment, service or consulting relationship with the Company, nor shall it affect in
any way your right or the Company’s right to terminate your employment, service, or consulting
relationship at any time, with or without Cause; and (iv) the Company would not have granted this
Award to you but for these acknowledgements and agreements.

     13. Severability. Subject to one exception, every provision of this Award and the
Plan is intended to be severable, and if any provision of the Plan or this Award is held by a court
of competent jurisdiction to be invalid and unenforceable, the remaining provisions shall continue
to be fully effective. The only exception is that this Award shall be unenforceable if any
provision of Section 12 is illegal, invalid, or unenforceable.

 

 

Restricted Share Unit Award Agreement [Providing for the Withholding of

Shares to Satisfy Tax Liabilities] (for U.S. residents/taxpayers)

UTi Worldwide Inc.

2009 Long-Term Incentive Plan

Page 5

     14. Notices. Any notice or communication required or permitted by any provision of
this Award to be given to you shall be in writing and shall be delivered personally or sent by
certified mail, return receipt requested, addressed to you at the last address that the Company had
for you on its records. Each party may, from time to time, by notice to the other party hereto,
specify a new address for delivery of notices relating to this Award. Any such notice shall be
deemed to be given as of the date such notice is personally delivered or properly mailed.

     15. Binding Effect. Every provision of this Award shall be binding on and inure to
the benefit of the parties hereto and their respective heirs, legatees, legal representatives,
successors, permitted transferees, and permitted assigns.

     16. Headings. Headings shall be ignored in interpreting this Award.

     17. Counterparts. This Award may be executed by the parties hereto in separate
counterparts, each of which when so executed and delivered shall be an original, but all such
counterparts shall together constitute the same instrument.

     18. Governing Law. The laws of the British Virgin Islands shall govern the validity
of this Award, the construction of its terms, and the interpretation of the rights and duties of
the parties hereto.

     19. Plan Governs. By signing this Award, you acknowledge that you have received a
copy of the Plan and that your Award is subject to all the provisions contained in the Plan, the
provisions of which are made a part of this Award and your Award is subject to all interpretations,
amendments, rules and regulations which from time to time may be promulgated and adopted pursuant
to the Plan. In the event of a conflict between the provisions of this Award and those of the
Plan, the provisions of the Plan shall control. In addition, you recognize and agree that all
determinations, interpretations or other actions respecting the Plan and this Award may be made by
Committee in its sole and absolute discretion, and that such determinations, interpretations or
other actions are final, conclusive and binding upon all parties, including you, your heirs, and
representatives.

     20. Taxes. By signing this Award, you acknowledge that you shall be solely
responsible for the satisfaction of any federal, state, province, local or foreign taxes that may
arise in connection with this Award (including any taxes arising under Sections 409A or 4999 of the
Code), except to the extent otherwise specifically provided in a written agreement with the
Company. [As a condition to the issuance of Shares pursuant to this Award and the Plan, you (or in
the case of your death, the person who succeeds to your rights) or your permitted transferees or
permitted assigns shall make such arrangements as the Company may require for the satisfaction of
any applicable][OR][If the Company is obligated to withhold an amount on account of any] federal,
state, province, local or foreign [withholding tax obligations that may arise in connection with
the issuance of the Shares (including any taxes arising under Sections 409A or 4999 of the
Code)][OR][tax imposed as a result of the grant of this Award or as a result of the issuance or
vesting of Shares pursuant to this Award (the date upon which the Company becomes so obligated
shall be referred to herein as the

 

 

Restricted Share Unit Award Agreement [Providing for the Withholding of

Shares to Satisfy Tax Liabilities] (for U.S. residents/taxpayers)

UTi Worldwide Inc.

2009 Long-Term Incentive Plan

Page 6

“Withholding Date”), then you shall pay to the Company the minimum aggregate amount that the
Company is obligated to withhold as such amount shall be determined by the Company in its
discretion (the “Minimum Withholding Liability”), which payment shall be made by the automatic
cancellation by the Company of a number of vested Shares subject to this Award, the aggregate Fair
Market Value of which is equal to the Minimum Withholding Liability (such cancelled vested Shares
to be valued on the basis of the aggregate Fair Market Value thereof on the Withholding Date);
provided that the number of vested Shares so cancelled will be rounded up to the nearest whole
Share sufficient to satisfy the Minimum Withholding Liability, with cash being paid to you in an
amount equal to the amount by which the Fair Market Value of such cancelled Shares exceeds the
Minimum Withholding Liability. If the Fair Market Value of the vested Shares subject to this Award
is less than the Minimum Withholding Liability, then you shall pay to the Company in cash the
difference between the Minimum Withholding Liability and the Fair Market Value of the vested Shares
subject to this Award, if any. Notwithstanding the foregoing, in the event you make a Section
83(b) election, then you shall promptly pay in cash the Minimum Withholding Liability to the
Company]. The Company shall not be required to issue any Shares until such obligations are
satisfied. Neither the Company nor any of its employees, officers, directors, or service providers
shall have any obligation whatsoever to pay such taxes, to prevent you from incurring them or to
mitigate or protect you from any such tax liabilities. [In the absence of any other arrangement,
if you are an Employee, you shall be deemed to have directed the Company to withhold or collect
from your cash compensation an amount sufficient to satisfy such tax obligations from the next
payroll payment or payments otherwise payable after the date of the issuance of the Shares.]
Notwithstanding anything to the contrary contained herein or in the Plan, if your payments or
benefits pursuant to Section 8 of the Plan and Section 9 of this Award as a result of your
termination of Continuous Service constitute “nonqualified deferred compensation” within the
meaning of Section 409A of the Code, payment of such amounts shall not commence until you incur a
“separation from service” within the meaning of Treasury Regulation §1.409A-1(h). If at the time
of your “separation from service,” you are a “specified employee” within the meaning of Section
409A of the Code, any amount that constitutes “nonqualified deferred compensation” that becomes
payable to you on account of your “separation from service” (including any amounts payable pursuant
to the preceding sentence) will not be paid until after the end of the sixth calendar month
beginning after your “separation from service” (the “409A Suspension Period”). Within 14 calendar
days after the end of the 409A Suspension Period, you shall be paid any payments delayed because of
the preceding sentence, together with interest on them for the period of delay at a rate not less
than the average prime interest rate published in the Wall Street Journal on any day chosen by the
Committee during that period. Thereafter, you shall receive any remaining benefits as if there had
not been an earlier delay.

[signature page follows]

 

 

Restricted Share Unit Award Agreement [Providing for the Withholding of

Shares to Satisfy Tax Liabilities] (for U.S. residents/taxpayers)

UTi Worldwide Inc.

2009 Long-Term Incentive Plan

Page 7

     BY YOUR SIGNATURE BELOW, along with the signature of the Company’s representative, you and the
Company agree that the Restricted Share Units are awarded under and governed by the terms and
conditions of this Award and the Plan.

	 	 	 	 	 
	 	UTi WORLDWIDE INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	PARTICIPANT

The undersigned Participant hereby accepts the terms of this
Award and the Plan.

 

Name of Participant:exv4w5

Exhibit 4.5

NOTE: Optional or alternative provisions are identified by brackets

UTi WORLDWIDE INC.

2009 LONG-TERM INCENTIVE PLAN

 

Restricted Share Unit Award Agreement

[Providing for the Withholding of Shares to Satisfy Tax Liabilities]

(for non-U.S. residents/taxpayers)

Award No.                     

          You (the “Participant”) are hereby awarded Restricted Share Units subject to the terms
and conditions set forth in this Restricted Share Unit Award Agreement (“Award”) and in the
UTi Worldwide Inc. 2009 Long-Term Incentive Plan (“Plan”), which is attached hereto as
Exhibit A. A summary of the Plan appears in the Prospectus, which is attached hereto as
Exhibit B. You should carefully review these documents, and consult with your personal
legal and financial advisors, in order to assure that you fully understand the terms, conditions,
and financial implications of this Award before executing this Award.

          By executing this Award, you agree to be bound by all of the Plan’s terms and conditions as if
they had been set out verbatim in this Award. In addition, you recognize and agree that all
determinations, interpretations, or other actions respecting the Plan and this Award will be made
by the Committee and shall be final, conclusive and binding on all parties, including you and your
successors in interest. Capitalized terms are defined in the Plan or in this Award.

     1. Specific Terms. This Award shall have, and be interpreted according to, the
following terms, subject to the provisions of the Plan in all instances:

	 	 	 
	Name of Participant
	 	 
	 
	 	 
	Number of Restricted Share Units
Subject to Award
	 	 
	 
	 	 
	Grant Date
	 	 
	 
	 	 
	Service Requirements
for Vesting

	 	Subject to acceleration pursuant to
Section 2 or Section 3 below and to
forfeiture pursuant to Section 5
below, your rights under this Award
shall become vested and
non-forfeitable as follows:
[                    .]

     2. Accelerated
Vesting upon Death or Disability. [If your Continuous Service ends due
to your death or because you become Disabled, you will become partially vested in the unvested
Shares subject to this Award (and will forfeit all other rights under this Award). The number of
unvested Shares in which your interest will vest will be equal to                     .]

 

 

Restricted Share Unit Award Agreement [Providing for the Withholding of

Shares to Satisfy Tax Liabilities] (for non-U.S. residents/taxpayers)

UTi Worldwide Inc.

2009 Long-Term Incentive Plan

Page 2

     3. Accelerated
Vesting upon Termination without Cause or upon a Change in Control.

     (a) [Unless otherwise provided in an employment or other similar agreement between the Company
or any of its Affiliates and you then in effect, in the event your employment is terminated without
Cause at any time, you will become partially vested in the unvested Shares subject to this Award
(and will forfeit all other rights under this Award). The number of unvested Shares in which your
interest will vest will be equal to                     .

     (b) To the extent that this Award is assumed or substituted by a Successor Corporation, unless
otherwise provided in an employment or other similar agreement between the Company or any of its
Affiliates and you then in effect, in the event you are Involuntarily Terminated on or within 12
months (or such other period set forth in any applicable employment or similar agreement) following
a Change in Control, then this Award shall                     .]

     4. Satisfaction of Vesting Restrictions. No Shares will be issued before you complete
the requirements that are necessary for you to vest in the Shares underlying your Restricted Share
Units. As soon as practicable after the date on which your Award vests in whole or in part, but no
later than the 15th day of the third month following the calendar year in which vesting occurs, the
Company will issue to you or your duly-authorized transferee, free from vesting restrictions (but
subject to such legends as the Company determines to be appropriate), one Share for each vested
Restricted Share Unit[, less the number of Shares cancelled by the Company in connection with the
payment of withholding taxes as provided for in Section 18 below]. Fractional shares (including
fractional shares resulting from Section 6 of this Award) will not be issued, and cash shall be
paid in lieu thereof. Certificates shall not be delivered to you unless you have made arrangements
satisfactory to the Committee to satisfy tax-withholding obligations.

     5. Failure of Vesting Restrictions. By executing this Award, you acknowledge and
agree that if your Continuous Service terminates prior to the date that you satisfy the vesting
requirements for unvested Shares set forth in Section 1 of this Award (and subject to any
accelerated vesting pursuant to Sections 2 or 3 above), you will irrevocably forfeit any and all
rights to unvested Shares under this Award, and this Award with respect to such unvested Shares
will immediately become null, void, and unenforceable.

     6. Dividends. Whenever Shares are deliverable to you or your duly-authorized
transferee pursuant to the vesting of the Shares underlying your Restricted Share Units, you or
your duly-authorized transferee shall also be entitled to receive, with respect to each Share then
vesting [(including Shares cancelled by the Company in connection with the payment of withholding
taxes as provided for in Section 18 below)] a number of additional Shares equal to the sum of:

     (i) any per-Share dividends which were declared and paid in Shares to the Company’s
shareholders of record between the Grant Date and the date Shares are delivered to you or
your duly authorized transferee pursuant to the particular vesting event for this Award; and

 

 

Restricted Share Unit Award Agreement [Providing for the Withholding of

Shares to Satisfy Tax Liabilities] (for non-U.S. residents/taxpayers)

UTi Worldwide Inc.

2009 Long-Term Incentive Plan

Page 3

     (ii) the Shares that you or your duly authorized transferee could have purchased at
their Fair Market Value on the payment date of any cash dividends if you or your duly
authorized transferee had received such cash dividends with respect to each Share underlying
your Restricted Share Units, between the Grant Date and the date Shares are delivered to you
or your duly authorized transferee pursuant to the particular vesting event for this Award.

     7. Voting. With respect to the Shares to be issued or held by you pursuant to this
Award, you may not exercise voting rights until you become the record owner of the Shares.

     8. Modifications. This Award may be modified or amended at any time, provided that
you must consent in writing to any modification that materially and adversely affects your rights
under the Award unless, before a Change in Control, the Committee determines in good faith that the
modification is not materially adverse to you.

     9. Termination,
Rescission, Recapture and Reimbursement. By executing this Award,
you acknowledge and agree that this Award is made subject to the Company’s right of Termination in
the circumstances provided for in Section 15 of the Plan and the Company’s right of Termination,
Rescission, Recapture and Reimbursement in the circumstances provided for in Section 16 of the
Plan.

     10. Not a Contract of Employment. By executing this Award, you acknowledge and agree
that (i) any person who is terminated before full vesting of an award, such as the one granted to
you by this Award, could claim that he or she was terminated to preclude vesting; (ii) you promise
never to make such a claim; (iii) nothing in this Award or the Plan confers on you any right to
continue an employment, service or consulting relationship with the Company, nor shall it affect in
any way your right or the Company’s right to terminate your employment, service, or consulting
relationship at any time, with or without Cause; and (iv) the Company would not have granted this
Award to you but for these acknowledgements and agreements.

     11. Severability. Subject to one exception, every provision of this Award and the
Plan is intended to be severable, and if any provision of the Plan or this Award is held by a court
of competent jurisdiction to be invalid and unenforceable, the remaining provisions shall continue
to be fully effective. The only exception is that this Award shall be unenforceable if any
provision of Section 10 is illegal, invalid, or unenforceable.

     12. Notices. Any notice or communication required or permitted by any provision of
this Award to be given to you shall be in writing and shall be delivered personally or sent by
certified mail, return receipt requested, addressed to you at the last address that the Company had
for you on its records. Each party may, from time to time, by notice to the other party hereto,
specify a new address for delivery of notices relating to this Award. Any such notice shall be
deemed to be given as of the date such notice is personally delivered or properly mailed.

 

 

Restricted Share Unit Award Agreement [Providing for the Withholding of

Shares to Satisfy Tax Liabilities] (for non-U.S. residents/taxpayers)

UTi Worldwide Inc.

2009 Long-Term Incentive Plan

Page 4

     13. Binding Effect. Every provision of this Award shall be binding on and inure to
the benefit of the parties and their respective heirs, legatees, legal representatives, successors,
permitted transferees, and permitted assigns.

     14. Headings. Headings shall be ignored in interpreting this Award.

     15. Counterparts. This Award may be executed by the parties hereto in separate
counterparts, each of which when so executed and delivered shall be an original, but all such
counterparts shall together constitute the same instrument.

     16. Governing Law. The laws of the British Virgin Islands shall govern the validity
of this Award, the construction of its terms, and the interpretation of the rights and duties of
the parties hereto.

     17. Plan Governs. By signing this Award, you acknowledge that you have received a
copy of the Plan and that your Award is subject to all the provisions contained in the Plan, the
provisions of which are made a part of this Award and your Award is subject to all interpretations,
amendments, rules and regulations which from time to time may be promulgated and adopted pursuant
to the Plan. In the event of a conflict between the provisions of this Award and those of the
Plan, the provisions of the Plan shall control. In addition, you recognize and agree that all
determinations, interpretations or other actions respecting the Plan and this Award may be made by
Committee in its sole and absolute discretion, and that such determinations, interpretations or
other actions are final, conclusive and binding upon all parties, including you, your heirs, and
representatives.

     18. Taxes. By signing this Award, you acknowledge that you shall be solely
responsible for the satisfaction of any federal, state, province, local or foreign taxes that may
arise in connection with this Award, except to the extent otherwise specifically provided in a
written agreement with the Company. [As a condition to the issuance of Shares pursuant to this
Award and the Plan, you (or in the case of your death, the person who succeeds to your rights) or
your permitted transferees or permitted assigns shall make such arrangements as the Company may
require for the satisfaction of any applicable][OR][If the Company is obligated to withhold an
amount on account of any] federal, state, province, local or foreign [withholding tax obligations
that may arise in connection with the issuance of the Shares][OR][tax imposed as a result of the
grant of this Award or as a result of the issuance or vesting of Shares pursuant to this Award (the
date upon which the Company becomes so obligated shall be referred to herein as the “Withholding
Date”), then you shall pay to the Company the minimum aggregate amount that the Company is
obligated to withhold as such amount shall be determined by the Company in its discretion (the
“Minimum Withholding Liability”), which payment shall be made by the automatic cancellation by the
Company of a number of vested Shares subject to this Award, the aggregate Fair Market Value of
which is equal to the Minimum Withholding Liability (such cancelled vested Shares to be valued on
the basis of the aggregate Fair Market Value thereof on the Withholding Date); provided that the
number of vested Shares so cancelled will be rounded up to the nearest whole Share sufficient to
satisfy the Minimum Withholding Liability, with cash being paid to you in an amount equal to the

 

 

Restricted Share Unit Award Agreement [Providing for the Withholding of

Shares to Satisfy Tax Liabilities] (for non-U.S. residents/taxpayers)

UTi Worldwide Inc.

2009 Long-Term Incentive Plan

Page 5

amount by which the Fair Market Value of such cancelled Shares exceeds the Minimum Withholding
Liability. If the Fair Market Value of the vested Shares subject to this Award is less than the
Minimum Withholding Liability, then you shall pay to the Company in cash the difference between the
Minimum Withholding Liability and the Fair Market Value of the vested Shares subject to this Award,
if any]. The Company shall not be required to issue any Shares until such obligations are
satisfied. Neither the Company nor any of its employees, officers, directors, or service providers
shall have any obligation whatsoever to pay such taxes, to prevent you from incurring them or to
mitigate or protect you from any such tax liabilities. [In the absence of any other arrangement,
if you are an Employee, you shall be deemed to have directed the Company to withhold or collect
from your cash compensation an amount sufficient to satisfy such tax obligations from the next
payroll payment or payments otherwise payable after the date of the issuance of the Shares.]

[signature page follows]

 

 

Restricted Share Unit Award Agreement [Providing for the Withholding of

Shares to Satisfy Tax Liabilities] (for non-U.S. residents/taxpayers)

UTi Worldwide Inc.

2009 Long-Term Incentive Plan

Page 6

     BY YOUR SIGNATURE BELOW, along with the signature of the Company’s representative, you and the
Company agree that the Restricted Share Units are awarded under and governed by the terms and
conditions of this Award and the Plan.

	 	 	 	 	 
	 	UTi WORLDWIDE INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	PARTICIPANT

The undersigned Participant hereby accepts the terms of this Award and the Plan.

 

Name of Participant:

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