Document:

f102013ex10vi_straightpath.htm

Exhibit 10.6

 

STRAIGHT PATH COMMUNICATIONS INC.

2013 STOCK OPTION AND INCENTIVE PLAN

 

RESTRICTED STOCK AGREEMENT

 

[INSERT GRANTEES NAME AND ADDRESS]

This Agreement confirms the grant of Restricted Stock to you effective as of [INSERT DATE] (the “Effective Date”) under the Straight Path Communications Inc. 2013 Stock Option and Incentive Plan (the “Plan”), upon the terms and conditions described herein.

 

1.          Grant of Restricted Stock.  Pursuant to action of the Committee, Straight Path Communications Inc. (the “Company”) hereby grants you under the Plan an aggregate of [INSERT NUMBER OF SHARES] shares of Restricted Stock of the Company’s Class B Common Stock (the “Restricted Shares”), subject to the terms and conditions hereinafter set forth. This grant is a matter of separate inducement and is not in lieu of salary or other compensation for your services.

 

2.          Closing.  The transfer of the Restricted Shares shall occur simultaneously with the execution of this Agreement. Concurrently with the execution of this Agreement, the Company may issue one or more certificates representing the Restricted Shares (which shall be held by the Company pursuant to paragraph 6 below until the applicable Restrictions (as defined in paragraph 3 below) have lapsed).

 

3.          Restrictions.  The Restricted Shares are being awarded to you subject to (i) the transfer and forfeiture restrictions set forth in this paragraph 3 below (the “Restrictions”), which shall lapse after the expiration of the vesting periods described in paragraph 4 below, (ii) satisfaction of the tax withholding requirements set forth in paragraph 8 below, and (iii) compliance with the Company’s Insider Trading Policy.

 

(a)          Transfer.  You may not directly or indirectly, by operation of law or otherwise, voluntarily or involuntarily, alienate, attach, sell, assign, pledge, encumber, charge or otherwise transfer any of the Restricted Shares still subject to Restrictions.

 

(b)          Forfeiture.  Subject to exceptions as may be determined by the Compensation Committee of the Board of Directors, or as set forth in any employment agreement between you and the Company or any of its subsidiaries that may be in effect at the relevant time, if your Continuous Service shall terminate, all Restricted Shares for which the Restrictions have not lapsed at such time shall be returned to or canceled by the Company, and shall be deemed to have been forfeited by you. Upon a forfeiture of your Restricted Shares, the Company will not be obligated to pay you any consideration whatsoever for the forfeited Restricted Shares.

 

[INSERT DATE]

[NAME]

[SHARE AMOUNT]

  

1

  

 

4.          Lapse of Restrictions.

 

(a)          The Restrictions shall lapse to the extent the Restricted Shares have become vested, as follows:

 

[INSERT VESTING SCHEDULE]

 

(b)          All of the Restricted Shares shall become vested and the Restrictions shall lapse with respect to any unvested Restricted Shares upon a Change in Control (as defined in the Plan) or under the other conditions set forth in an employment agreement between you and the Company that is in effect at the relevant time.

 

(c)          To the extent the Restrictions shall have lapsed under this paragraph 4 with respect to any portion of the Restricted Shares, those shares (“Vested Shares”) will be free of the terms and conditions of this Agreement except those terms and conditions contained in paragraph 8 below; provided, however, that such Vested Shares shall remain subject to the terms and conditions of the Company’s Insider Trading Policy.

 

5.          Adjustments.  The terms “Restricted Shares” and “Vested Shares” shall include any shares or other securities that you receive or become entitled to receive under Section 11 of the Plan as a result of your ownership of the original Restricted Shares.

 

6.          Custody. Any certificates representing the Restricted Shares (other than Vested Shares) shall be deposited with the Company. The Company is hereby authorized to effectuate the transfer into its name of all certificates representing the Restricted Shares that are forfeited or otherwise transferred to the Company pursuant to either paragraph 3 above or paragraph 8 below.

 

7.          Voting and Other Rights.

 

(a)          Upon the registration of the Restricted Shares in your name, you shall have all of the rights and status as a stockholder of the Company with respect to the Restricted Shares, including the right to vote such shares and to receive dividends or other distributions thereon. All such rights and status as a stockholder of the Company with respect to the Restricted Shares shall terminate if the Restricted Shares are forfeited pursuant to either paragraph 3 above or paragraph 8 below.

 

(b)          The grant of the Restricted Shares to you does not confer upon you any right to continue in the employ of the Company.

 

8.          Withholding Taxes.  The award or other transfer of the Restricted Shares, and the lapse of Restrictions on the Restricted Shares, shall be conditioned further on any applicable withholding taxes being paid by you. You hereby authorize the Company to sell, or otherwise take possession of via forfeiture by you or otherwise, such number of the Restricted Shares as the Company deems necessary to satisfy any of your withholding tax requirement.

 

[INSERT DATE]

[NAME]

[SHARE AMOUNT]

  

2

  

 

9.          Incorporation of Plan Provisions; Employment Agreement.  This Agreement is made pursuant to the Plan and is subject to all the terms and provisions of the Plan as if the same were fully set forth herein. Capitalized terms not otherwise defined herein shall have the meanings set forth for such terms in the Plan. To the extent that there is any inconsistency between this Agreement and the terms of the Plan, the terms of this Agreement shall govern. To the extent that there is any inconsistency between this Agreement and the terms of any employment agreement between you and the Company during the period when such employment agreement is in force, the terms of an effective employment agreement shall govern.

 

10.        Stock Power.  At the Company’s request, you hereby agree to promptly execute any document, including a stock power endorsed in blank, that is necessary to comply with the terms of this Agreement.

 

11.        Successors.  This Agreement shall be binding upon and inure to the benefit of any successor of the Company and your successors, assigns and estate, including your executors, administrators and trustees.

 

12.        Amendment or Modification, Waiver.  No provision of this Agreement may be amended or waived unless such amendment or waiver is agreed to in writing and signed by each party hereto. No waiver by either party hereto of any breach by another party hereto of any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of a similar of dissimilar condition or provision at the same time, any prior time or any subsequent time.

 

13.        Notices.  Each notice relating to this Agreement shall be in writing and delivered in person or by certified mail or overnight delivery to the proper address. Notices to employees sent via e-mail shall be deemed to satisfy the requirements of this paragraph 13. All notices to the Company shall be addressed to it at:

 

Straight Path Communications Inc.

5300 Hickory Park Drive, Suite 218,

Glen Allen, VA 23059

Attention: Human Resources, Stock Option and Incentive Plan Administrator

14.        Severability.  If any provision of this Agreement or the application of any such provision to any party or circumstances shall be determined by any court of competent jurisdiction to be invalid and unenforceable to any extent, the remainder of this Agreement or the application of such provision to such person or circumstances other than those to which it is so determined to be invalid and unenforceable, shall not be affected thereby, and each provision hereof shall be validated and shall be enforced to the fullest extent permitted by law.

 

15.        Governing Law.  This Agreement shall be construed and governed in accordance with the laws of the state of Delaware, without regard to principles of conflicts of laws.

 

16.        Headings.  All descriptive headings of sections and paragraphs in this Agreement are intended solely for convenience, and no provision of this Agreement is to be construed by reference to the heading of any section or paragraph.

 

[INSERT DATE]

[NAME]

[SHARE AMOUNT]

  

3

  

 

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

 

To confirm your acceptance of the foregoing, please sign and date below under “Accepted and Agreed” and return one copy of this Agreement to the Human Resources Department, attn: ( __________ ), Straight Path Communications Inc., 5300 Hickory Park Drive, Suite 218, Glen Allen, VA 23059.

	 	STRAIGHT PATH COMMUNICATIONS INC.	 
	 	 	 	 
	 	
By: 

	 	 
	 	 	
Name:  

	Davidi Jonas	 
	 	 	Title:	
Chief Executive Officer

	 

 

	
ACCEPTED AND AGREED:

	 
	 	 
	 	 
	
Name:  [INSERT EMPLOYEE NAME]

	 
	 	 	 
	 	 	 
	

Date: 

	 	 

 

[INSERT DATE]

[NAME]

[SHARE AMOUNT]

 

4Business Consulting Agreement

 

This Business Consulting Agreement (the “Agreement”)
is entered into and effective May 30, 2013 by and between:

 

Joe Fijak

2736 N. Hampden Court, Unit 201

Chicago, IL 60614

(“Consultant”)

 

And

 

Nyxio Technologies Corporation

2156 NE Broadway

Portland, OR 97232

(“Company”)

 

 

WITNESSETH

 

WHEREAS, Consultant provides consultation and advisory services
relating to corporate operations and development; and

 

WHEREAS, the Company desires to be assured of the services of the
Consultant in order to avail itself to the Consultant’s experience, skills, knowledge and abilities. The Company is therefore
willing to engage the Consultant and the Consultant agrees to be engaged upon the terms and conditions set forth herein.

 

NOW, THEREFORE, in consideration of the foregoing, of the mutual
promises and covenants set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties agree as follows:

 

		1.	Consulting Services: Effective as of May 30, 2013, the Company hereby engages and Consultant
hereby accepts the engagement to become a consultant to the Company and to render such advice, consultation, information and services
to the Company including (a) leading the development, design, operation, and improvement of the systems that create and deliver
the Company’s products; and (b) such related business development and other assistance as the Company shall deem necessary
or appropriate for its business. 

 

		2.	Compensation: As compensation for the Consultant’s services rendered hereunder,
the Company agrees to compensate Consultant as follows:

 

		a.	at a rate of $25,000 per month, payable in bi-monthly installments of $12,500 each on the 15th
day and the last day of each month for six months, with the first payment due on June 15, 2013. At the option of the Company, such
compensation shall be payable either:

 

                                                              
i.     
In cash; or

 

                                                             
ii.     
In shares of common stock of the Company to be registered with the Securities and Exchange
Commission via an S-8 registration statement. Common shares issued as payment under this provision shall be valued at a price per
share equal to the average of the closing market prices for the Company’s common stock during
five (5) trading days immediately preceding the due date for such payment; and

 

    	1

    	 

    

		b.	By payment of a lump sum in the amount of $150,000 due six (6) months from the date hereof. At
the option of the Company, such compensation shall be payable either:

 

                                                              
i.     
In cash; or 

 

                                                             
ii.     
In shares of common stock of the Company, such shares bearing an appropriate restrictive legend.
Common shares issued as payment under this provision shall be valued at a price per share equal to the
average of the closing market prices for the Company’s common stock during five (5) trading days immediately preceding the
due date for such payment; and

 

		c.	By payment of a cash signing bonus in the amount of $50,000 due 90 days from the date of this
Agreement.

 

		3.	Expenses: The Company shall be responsible for all pre-approved travel and other expenses
incurred by Consultant in the course of his duties hereunder. Consultant shall provide receipts and vouchers to the Company for
all such expenses.

 

		4.	Personnel: Consultant shall be an independent contractor and no personnel utilized by
Consultant in providing services hereunder shall be deemed an employee of the Company. Moreover, neither Consultant nor any other
such person shall be empowered hereunder to act on behalf of the Company. Consultant shall have the sole and exclusive responsibility
and liability for making all reports and contributions, withholdings, payments and taxes to be collected, withheld, made and paid
with respect to persons providing services to be performed hereunder on behalf of the Company, whether pursuant to any social security,
unemployment insurance, worker’s compensation law or other federal, state or local law now in force and effect hereafter
enacted.

 

		5.	Terms: The term of this Agreement shall be effective on May 30, 2013 and shall continue
in effect for a period of six (6) months thereafter. This Agreement may be extended by both parties - after the initial six (6)
month period is completed and additionally the initial agreement terms for the first six (6) months are fixed and are guaranteed.

 

		6.	Non-Assignability: The rights, obligations, and benefits established by this Agreement
shall not be assignable by Consultant. This Agreement shall be binding upon and shall insure to the benefit of the parties and
their successors. 

 

		7.	Confidentiality: Consultant acknowledges and agrees that confidential and valuable information
proprietary to and obtained during Consultants’ engagement by the Company, shall not be, directly or indirectly, disclosed
without the prior express written consent of the Company, unless and until such information is otherwise known to the public generally
through no fault of Consultant. All documents containing confidential information provided to Consultant by the Company shall clearly
and conspicuously be marked with the word “Confidential.” 

 

		8.	Limited Liability: Neither Consultant nor any of his employees, officers or directors
shall be liable for consequential or incidental damages of any kind to the Company that may arise out of or in connection with
any services performed by Consultant hereunder. 

 

		9.	Governing Law: This Agreement shall be governed by and construed in accordance with the
laws of the State of Nevada without giving effect to the conflicts of law principles thereof or actual domicile parties. 

 

		10.	Notice: Notice hereunder shall be in writing and shall be deemed to have been given at
the time when deposited for mailing with the United States Postal Service enclosed in a registered or certified postpaid envelope
addressed to the respective party at the address of such party first above written or at such other address as such party may fix
by notice given pursuant to this paragraph.

 

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		11.	Miscellaneous: No waiver of any of the provisions of this Agreement shall be deemed or
shall constitute a waiver of any other provision and no waiver shall constitute a continuing waiver. No waiver shall be binding
unless executed in writing by the party making the waiver. No supplement, modification, or amendment of the Agreement shall be
binding unless executed in writing and agreed upon by all parties. The Agreement supersedes all prior understandings, written or
oral, and constitutes the entire Agreement between the parties hereto with respect to the subject matter hereof. 

 

		12.	Counterparts: This Agreement may be executed in counterparts and by facsimile, each of
such counterparts so executed will be deemed to be an original and such counterparts together will constitute one and the same
instrument and notwithstanding the date of execution will be deemed to bear the first date written above.

 

 

IN WITNESS WHEREOF, the Company and Consultant have duly executed
this Agreement as of the day and year first above written.

 

	Nyxio Technologies Corporation	Joe Fijak
	 	 
	/s/ Giorgio Johnson	/s/ Joe Fijak
	By: Giorgio Johnson

Its: President and CEO	Consultant

 

    	3

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