Document:

Exhibit 10.2
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[Employee]
THE MARCUS CORPORATION
2004 EQUITY AND INCENTIVE AWARDS PLAN
STOCK OPTION AWARD
As Amended May 6, 2020
You have been granted an option (this “Option”) to purchase shares of common stock of The Marcus Corporation (the “Company”) under The Marcus Corporation 2004 Equity and Incentive Awards Plan, as amended and restated (the “Plan”), with the terms and conditions set forth below.  This Option is also contingent on approval by the Company’s shareholder of approval of an amendment to the Plan to increase the number of Shares available (the “Plan Amendment”):
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	Overview of Option:
	See the cover page for the Grant Date, the number of Options granted, the type of Options granted, and the Option Price per Share.

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	Expiration Date:
	This Option will expire upon the close of business at the Company headquarters on the Expiration Date listed on the cover page, subject to earlier termination as described under “Termination of Employment” below.

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	Vesting Schedule:
	This Option will vest and become exercisable as set forth on the cover page; provided that this Option may not be exercised prior to shareholder approval of the Plan Amendment.

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	This Option will become fully vested if you die while employed by the Company or a subsidiary.

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	This Option will become fully vested upon the termination of your employment from the Company or a subsidiary as a result of Retirement (as defined below); provided that you have completed at least ten (10) consecutive years of service as an employee of the Company or a subsidiary prior to Retirement.

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	Upon any other termination of your employment from the Company or a subsidiary, including as a result of Retirement if you have not completed at least ten (10) consecutive years of service as an employee of the Company or a subsidiary prior to Retirement, you will forfeit the portion of this Option that is not vested as of the date of the termination of your employment.

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	Manner of Exercise:
	You may exercise this Option only to the extent vested and only if this Option has not expired or terminated and only if the Company’s shareholders have approved the Plan Amendment. During your lifetime, only you (or your legal representative in the event of your disability) may exercise

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	this Option. If someone else wants to exercise this Option after your death, that person must contact the Secretary of the Company and prove to the Company’s satisfaction that he or she is entitled to do so.

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	To exercise this Option, you must provide notice to the Secretary of the Company on such form as the Secretary prescribes. Your notice must be accompanied by payment of the aggregate option price: (1) in cash; (2) by check or money order made payable to the Company; (3) by delivering previously owned Shares, duly endorsed in blank or accompanied by stock powers duly endorsed in blank (which will be valued at their Fair Market Value on the date of exercise); (4) by delivering Shares (which will be valued at their Fair Market Value on the date of exercise) otherwise receivable upon exercise of this Option; or (5) any combination of the foregoing. If, and to the extent, you have not exercised this Option on its Expiration Date and the Fair Market Value of the Shares to which this Option relates exceeds the exercise price thereof, then this Option will be automatically exercised on your behalf through the method described in clause (4) above to the extent this Option is otherwise vested. If this Option is designated on the cover page as an Incentive Stock Option, then this Option will be treated for tax purposes as a Non-Qualified Stock Option if alternative (4) above is used to pay the aggregate option price.

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	Your ability to exercise this Option may be restricted by the Company if required by applicable law.

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	Termination of Employment:
	If your employment with the Company or a subsidiary terminates for other than “Cause” (as defined below), this Option will terminate upon the close of business at the Company headquarters as follows:

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	· If your employment terminates as a result of death, this Option will terminate upon the earlier of (1) the Expiration Date listed on the cover page or (2) twelve (12) months after the date of your termination of employment.

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	· If your employment terminates as a result of Disability (as defined below), this Option will terminate one hundred and eighty (180) days after the date of your termination of employment.

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	· If your employment terminates as a result of Retirement (as defined below), this Option will terminate on the Expiration Date listed on the cover page; provided, however, that, if you die prior to the Expiration Date or your earlier exercise of this

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	Option, then this Option will terminate upon the earlier of (1) the Expiration Date or (2) twelve (12) months after the date of your death.

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	· If your employment terminates for any other reason, this Option will terminate ninety (90) days after the date of your termination of employment.

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	For purposes hereof, “Disability” means that you are unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or last for a continuous period of at least twelve (12) months. For purposes hereof, “Retirement” means termination of employment from the Company or a subsidiary on or after meeting the age and service requirements for early or normal retirement under a defined benefit pension plan in which you participate as an employee of the Company or a subsidiary, or as defined under the Company’s or subsidiary’s retirement policy.

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	If your employment is terminated for Cause, this entire Option (whether vested or nonvested) will immediately terminate. For this purpose, (1) if you are subject to an employment agreement with the Company or an affiliate that includes a definition of “Cause,” that definition shall apply for purposes hereof, or (2) in any other case, “Cause” means any act or omission that is deemed contrary to the interests of the Company or any subsidiary or not in the interests of the Company or any subsidiary, as determined by the Board of Directors or Committee.

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	However, in no event will this Option be exercisable after its Expiration Date.

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	Tax Withholding:
	If this Option is designated on the cover page as an Incentive Stock Option (unless you exercise this Option by delivering Shares otherwise receivable upon exercise of this Option), no withholding taxes are due upon exercise.

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	If this Option is designated on the cover page as a Nonqualified Stock Option (or if this Option is designated as an Incentive Stock Option and you exercise this Option by delivering Shares otherwise receivable upon exercise of this Option), at the time of exercising this Option, you must pay to the Company the amount of withholding taxes due as a result of the exercise. You may pay the withholding taxes due: (1) in cash; (2) by check or money order made payable to the Company; (3) by delivering previously owned Shares, duly endorsed in blank or accompanied by stock powers duly

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	endorsed in blank (which will be valued at their Fair Market Value on the date of exercise); (4) by delivering Shares (which will be valued at their Fair Market Value on the date of exercise) otherwise receivable upon exercise of this Option; or (5) any combination of the foregoing. The Company may also permit you to pay the withholding taxes by other means, such as deductions from your paycheck.

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	Transferability:
	You may not transfer or assign this Option for any reason, other than under your will or as required by intestate laws, unless otherwise permitted by the Committee. Any attempted transfer or assignment will be null and void.

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	Restrictions on Resale:
	By accepting this Option, you agree not to sell any Shares acquired under this Option at a time when applicable laws, Company policies (including, without limitation, the Company’s insider trading policy) or an agreement between the Company and its underwriters prohibit a sale.

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	Notice of Share Disposition
	If this Option is designated on the cover page as an Incentive Stock Option (unless you exercise this Option by delivering Shares otherwise receivable upon exercise of this Option), and if you sell or otherwise dispose of any of the Shares acquired pursuant to this Option on or before the later of (1) the date two years after the Grant Date, or (2) the date one year after the date of exercise, then you must immediately notify the Company in writing of such disposition.

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	Optionee Rights:
	You are not considered a Company shareholder with respect to the Shares until you exercise this Option, pay all withholding taxes due, and receive a certificate for the Shares. Shares issued under this Option will be fully paid and nonassessable by the Company. The grant of this Option does not confer on you any right to continue in employment with the Company or a subsidiary. The Company or subsidiary may terminate your employment at any time for any reason.

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	Recoupment; Rescission of Exercise
	If the Committee determines that recoupment of incentive compensation paid to you pursuant to this Option is required under any law or any recoupment policy of the Company or any Affiliate, then this Option will terminate immediately on the date of such determination to the extent required by such law or recoupment policy, any prior exercise of this Option may be deemed to be rescinded, and the Committee may recoup any such incentive compensation in accordance with such recoupment policy or as required by law. The Company and any Affiliate shall have the right to offset against any amounts due to you any amounts owed by you hereunder and

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	any exercise price or withholding amount tendered by you with respect to this Option.

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	Committee Authority:
	By accepting this Option, you agree (including on behalf of your legal representatives or beneficiaries) that the Plan and this Option are subject to discretionary interpretation by the Committee and that any such interpretation is final, binding and conclusive on all parties. In addition, the Committee may amend, modify or cancel any terms and conditions applicable to this Option at any time as permitted by the Plan, including accelerating the vesting of this Option. Such amendments, modifications or cancellations must be by mutual agreement between the Committee and you or any other person(s) as may then have an interest in this Option except to the extent the Plan permits such actions to be taken by the Committee without consent.

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This Option is granted under and governed by the terms and conditions of the Plan.  Additional provisions regarding this Option and definitions of capitalized terms used and not defined in this Option can be found in the Plan.

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​Document

Exhibit 10.1
Ameresco Inc.

Stock Ownership Guidelines

The Board of Directors of Ameresco Inc. has adopted these stock ownership guidelines in order to encourage the company’s executive officers and certain other senior management members to obtain a significant ownership interest in the company, thereby helping align their interests with those of the company’s stockholders.

Stock Ownership Levels

			
	Chief Executive Officer: 5x Base Salary

	Executive Vice President: 3x Base Salary

	Senior Vice President: 2x Base Salary

	Vice President: 1x Salary

Qualifying Shares

						
	The following shares/interests will be included in calculating stock ownership level:
	The following shares/interests will not be included in calculating stock ownership level:

	•Outstanding shares of common stock

•Unexercised, vested in-the-money stock options to be calculated on the day before of the anniversary date of the plan year

•Any other vested grants or account balances under share-based company compensation plan

•Employee stock purchase plan share
	•Unvested stock option

The shares/interests listed in the first column above will be included if: (1) owned or held directly, jointly with or separately by the executive, his or her spouse, his or her children, or a trust for the benefit of any of the foregoing; or (2) the executive otherwise has a direct or indirect pecuniary interest in such shares/interests (as determined pursuant to Rule 16a-1(a)(2) of the Exchange Act).

Measurement and Valuation

•Progress towards satisfaction of the applicable stock ownership level will be assessed annually on January 1st each year (each, a “Measurement Date”).

•Shares of the company’s common stock will be valued based on the closing price on the trading day immediately preceding the Measurement Date.

•Vested stock options, including vested performance-based stock options, will be valued based on the Retention Percentage (as defined in Implementation Rule 2) of the estimated net value of such shares.

•Net value means after payment of any exercise or purchase price.

Implementation Rules

1.Newly hired and newly promoted executives are expected to accumulate the applicable stock ownership level within five years from the date of hire, promotion or initial election, as applicable. Executives serving on the date of initial adoption of these guidelines are expected to accumulate the applicable stock ownership level by April 24, 2024. During his or her phase-in period, each executive can specify which of his or her holdings will be included in the calculation made on each Measurement Date.

2.   Until the first Measurement Date as of which an executive has accumulated shares/interests that satisfy the applicable stock ownership level, he or she is expected to retain at least 80% of the net shares actually received upon the exercise or vesting of any equity award granted by the company as compensation (other than any awards that are granted in lieu of cash compensation otherwise earned). An executive may commit to a higher Retention Percentage with respect to any particular equity grant. The retention percentage with respect to any particular equity grant is referred to as the “Retention Percentage” for such award.

3.   Following the first Measurement Date as of which an executive has accumulated shares/interests that satisfy the applicable stock ownership level (such shares/interests, the “Qualifying Shares”), he or she:

(a) may not sell any of the Qualifying Shares if doing so would result in his or her stock ownership level at the time of sale falling below the applicable stock ownership level (provided that with respect to any stock options and performance based stock options that were included in the calculation of the Qualifying Shares, the executive is permitted to sell any of the underlying shares that are in excess of the Retention Percentage with respect to such equity award); and

(b) is not required to purchase more shares to offset any subsequent decline in the value of the Qualifying Shares or to reflect any adjustment in base salary (other than an adjustment made in connection with a promotion that results in the executive becoming subject to a new stock ownership level and a new phase-in period).

4.   The Chief Executive officer may grant exceptions to these guidelines based on an executive’s specific individual circumstances as it deems appropriate, provided that only the Board or the Compensation Committee may grant exceptions to these guidelines with respect to the Chief Executive Officer.

5.   The Board reserves the right to amend or terminate these guidelines as it deems appropriate. The Board delegates to the Compensation Committee the authority to administer and interpret these guidelines.

Adopted by the Board of Directors:        April 24, 2019
Amended by the Board of Directors:      October 28, 2020

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