Document:

Nonqualified Stock Option Grant Letter for Lloyd M. Wirshba

 Exhibit 10.1 
 ICT GROUP, INC. 
 1996 EQUITY COMPENSATION PLAN 
  

					
			
	 1996 Equity Compensation Plan
	  	 Name of Grantee:
	  	 Lloyd Wirshba

			
	 Nonqualified Stock Option Grant Letter
	  	 Date of Grant:
	  	 July 5, 2005

			
		  	 Number of Options:
	  	 50,000 shares

			
		  	 Option Price:
	  	 $9.51

			
		  	 Voting Agreement
	  	 Date: July 5, 2005

 ICT Group, Inc. (the “Company”) has adopted the ICT Group, Inc. 1996 Equity Compensation
Plan (the “Plan”), which provides for grants of nonqualified options to purchase shares of the Company’s Common Stock, par value $.01 (the “Common Stock”). This Grant Letter evidences the grant of a Nonqualified Stock Option
to the above named Grantee (the “Grantee”), in accordance with the terms of the Plan. Capitalized terms used and not otherwise defined in this Grant Letter are used herein as defined in the Plan. 
  

	1.	Option Grant 

 Subject to the terms and conditions
hereinafter set forth, the Company has granted to the Grantee effective as of the Date of Grant first stated above (the “Date of Grant,”) the right and option (the “Option”) to purchase shares of Common Stock in an amount equal
to the number of Options set forth above (the “Shares”). The Option is not intended to constitute an “incentive stock option” within the meaning of section 422 of the Internal Revenue Code of 1986, as amended (the
“Code”). 
  

	2.	Option Price 

 The purchase price of each Share
covered by the Option shall be the Option Price set forth above (the “Option Price”). 
  

	3.	Option Expiration 

 The Option, to the extent that
it has not theretofore been exercised, shall automatically expire on the earliest to occur of the following events: 
 (a) the close of
business on the tenth anniversary of the Date of Grant; 
 (b) in the event of the Grantee’s death while the Grantee is an Employee or
Consultant (or within not more than 90 days from the date on which Grantee ceases to be an Employee or Consultant on account of termination of employment for any reason other than a disability, death or termination for cause), the Option to the
extent then 

 
exercisable, may be exercised thereafter, by the legal representative of the estate or by the legatee of the Grantee under the will of the Grantee, for a
period of one year from the date the Grantee ceases to be an Employee or Consultant or, if earlier, the date specified in Section 3(a); 
 (c) in the event the Grantee ceases to be an Employee or Consultant of the Company on account of “disability” (as defined in Section 5(f)(v) of the Plan), the Option may thereafter be exercised by the Grantee, to the extent
it was exercisable at the date the Grantee ceased to be an Employee or Consultant of the Company, for a period of one year from the date of such termination of employment or cessation of services, or if earlier, the date specified in
Section 3(a); 
 (d) in the event the Grantee ceases to be an Employee or Consultant of the Company on account of a “termination
for cause” (as defined in Section 5(f)(v) of the Plan), the Option shall terminate on the date of such termination of employment or cessation of services; or 
 (e) in the event the Grantee ceases to be an Employee or Consultant of the Company for any reason other than his death, “disability” or “termination for cause” the Option shall terminate unless
exercised within 90 days of the date on which the Grantee ceases to be an Employee or Consultant, or, if earlier, the date specified in Section 3(a). 
  

	4.	Exercisability of Option 

 Until the expiration of
the Option under Section 3 and subject to the other terms and conditions hereunder, the Option shall be exercisable as follows: 
 (a)
the Option may be exercised as of the following dates: 
  

			
	 Date
	  	Total Shares Then Exercisable
	 July 5, 2006
	  	12,500 shares
	 July 5, 2007
	  	25,000 shares
	 July 5, 2008
	  	37,500 shares
	 July 5, 2009
	  	50,000 shares

 (b) the right to purchase Shares under the Option as provided in subsection (a) hereof may be
exercised in a cumulative fashion; any right to purchase Shares becoming exercisable on a given date shall remain exercisable until the Option expires in accordance with the terms of Section 3; 
 (c) the Committee, in its sole discretion, may accelerate the exercisability of all or a portion of the Option, at any time for any reason; and

  

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 (d) the Option automatically shall become exercisable in full upon a “Change of Control” as
defined in Section 11 of the Plan. 
  

	5.	Time and Method of Exercise 

 Subject to the terms
of Section 4, the Option may be exercised, in whole or in part, at any time or from time to time, prior to the time it expires in accordance with the terms of Section 3, delivering to the Company a Notice of Exercise in the form attached
hereto or by other written notice to the Committee in such form as the Committee shall prescribe. Such notice shall be effective upon receipt by the Committee and shall be accompanied by: 
 (a) a check, or the equivalent thereof acceptable to the Company, for the full Option Price of the number of Shares being purchased; 
 (b) if and only if permitted by the Committee, one or more certificates (including certificates acquired in connection with the exercise of the Stock
Option) representing a number of Shares which are, in the aggregate, equal in Fair Market Value on the date of exercise to the full Option Price for the Shares being purchased, such certificates being duly endorsed (or accompanied by stock powers
signed in blank) so as to transfer to the Company all right, title and interest in and to the Shares represented by such certificates; or 
 (c) if and only if permitted by the Committee administering the Plan, a combination of the forms of payment specified in Section 5(a) and 5(b) above which, in the aggregate, is equal to the full Option Price for the number of Shares
being purchased. 
  

	6.	Nonassignability of Option Rights 

 The Option shall
not be assigned or transferred by the Grantee, except (i) in the event of the death of the Grantee, by will or by the laws of descent or distribution or, (ii) if permitted by Rule 16b-3 under the Exchange Act and if permitted in any
specific case by the Committee in its sole discretion, pursuant to a qualified domestic relations order as defined under the Code or Title I of the Employee Retirement Income Security Act of 1974, as amended or the regulations thereunder. During the
life of the Grantee, the Option shall be exercisable only by the Grantee (or his or her authorized representative). Upon a transfer by will or by the laws of the descent or distribution, the person to whom the Option is transferred shall have the
right to exercise the Option in accordance with the Plan and this Grant Letter. Any attempt to assign, transfer, pledge or dispose of the Option contrary to the provisions hereof, and the levy of any execution, attachment or similar process upon the
Option, shall be null and void and without effect. 
  

	7.	Adjustments 

 If there is any change in the number
or kind of shares of Common Stock outstanding by reason of a stock dividend, a recapitalization, stock split, or combination 

  

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or exchange of shares, or merger, reorganization or consolidation in which the Company is the surviving corporation, reclassification or change in par value
or by reason of any other extraordinary or unusual events affecting the outstanding Common Stock as a class without the Company’s receipt of consideration, or if the value of outstanding shares of Common Stock is substantially reduced due to
the Company’s payment of an extraordinary dividend or distribution, the number of shares covered by the Option, and the Option Price shall be proportionately adjusted by the Committee to reflect any increase or decrease in the number or kind of
issued shares of Common Stock to preclude the enlargement or dilution of rights and benefits under such Grants; provided, however, that any fractional shares resulting from such adjustment shall be eliminated. 
  

	8.	Withholding 

 If applicable, the Grantee or other
person receiving Shares upon an exercise of the Option, in whole or in part, shall be required to pay to the Company the amount of any federal, state or local taxes or other charges that the Company is required to withhold with respect to such
exercise, including an election to satisfy tax withholding by authorizing the Company to withhold shares pursuant to Section 16 of the Plan. The Company shall have the right to take whatever action it deems necessary to protect the interests of
the Company in respect of such liabilities, including, without limitation, withholding a portion of the Shares otherwise deliverable upon exercise of the Option. The Company’s obligation to issue or transfer Shares upon exercise of the Option
shall be conditioned upon the Grantee’s compliance with the requirements of this Section to the satisfaction of the Committee. 
  

	9.	Administration 

 The Option has been granted
pursuant to the terms, conditions and other provisions of the Plan, as in effect on the Date of Grant, and as the Plan may be amended from time to time in accordance with Section 12 of the Plan. All questions of interpretation and application
of the Plan and of any grant under the Plan (including this Grant) shall be determined by the Committee in its discretion, and such determination shall be final and binding upon all persons. The validity, construction and effect of this Option shall
be determined in accordance with the laws of the Commonwealth of Pennsylvania, without giving effect to the principles of conflicts of law thereof. 
  

	10.	No Shareholder Rights 

 Neither the Grantee nor any
person entitled to exercise the Grantee’s rights in the event of the Grantee’s death shall have any of the rights and privileges of a shareholder with respect to the Shares subject to the Option, except to the extent that certificates for
such Shares shall have been issued or transferred on the stock transfer records of the Company upon the exercise of the Option as provided herein. 
  

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	11.	Termination or Amendment  

 The Option may be
terminated or amended, in whole or in part, at any time (a) by the Board, if the Board determines that such termination or amendment is necessary or advisable to bring such Option into compliance with any federal or state securities law or
other applicable law or regulation, or (b) by written agreement of the Company and the Grantee consistent with the terms of the Plan. 
  

	12.	Notice 

 Any notice to the Committee provided for in
this Grant Letter shall be addressed to it at ICT Group, Inc. 100 Brandywine Blvd, Newtown, PA 18940, Attention: Chief Financial Officer, and any notice to the Grantee shall be addressed to such Grantee at the current address shown on the payroll of
the Company, or to such other address the Grantee may designate to the Company in writing. Any notice provided for hereunder shall be delivered by hand, sent by telecopy or telex or enclosed in a properly sealed envelope addressed as stated above,
registered and deposited, postage and registry being prepaid, in a post office or branch post office regularly maintained by the United States Postal Service. 
  

	13.	Grantee’s Securities Law Representations 

 If
the Committee shall deem it appropriate by reason of any securities law, it may require that the Grantee upon exercise, in whole or in part of the Option, represent to the Company and agree in writing to comply with any such restrictions on the
Grantee’s subsequent disposition of such Shares as the Committee shall deem necessary or advisable as a result of any applicable law, regulation or official interpretation thereof. The Committee may require that the Share certificates be
inscribed with a legend restricting transfer in accordance with applicable securities law requirements. 
  

	14.	Voting Agreement 

 The Option granted hereunder is
contingent upon the Grantee’s execution of a Voting Agreement and irrevocable proxy substantially in the form attached to this Grant Letter. 
  

			
	ICT GROUP, INC.
		
	 By:
	 	 /s/ Vincent A. Paccapaniccia

		 	 Vincent A. Paccapaniccia
 Executive VP, Finance & Administration &
 Chief Financial Officer

  

 5The Home Depot, Inc. Form of Restricted Stock Award

 Exhibit 10.1 
 THE HOME DEPOT, INC. 
 RESTRICTED STOCK AWARD 
 This Restricted Stock Award (the “Award”) is made as of the <XX> day of <Month>, <Year>, by THE HOME DEPOT,
INC., a Delaware corporation (the “Company”) to <Associate Name> (“Executive”). 
 W I
T N E S S E T H: 
 WHEREAS, the Company has adopted The Home Depot, Inc.
2005 Omnibus Stock Incentive Plan (the “Plan”) which is administered by the Leadership Development and Compensation Committee of the Company’s Board of Directors (the “Committee”); and 
 WHEREAS, Executive is an Employee of the Company or its Subsidiary eligible to receive grants of Awards under the Plan; and 
 WHEREAS, the Committee has granted to Executive an award of restricted stock under the terms of the Plan (the “Award”) to promote
Executive’s long-term interests in the success of the Company; and 
 WHEREAS, to comply with the terms of the Plan and to
further the interests of the Company and Executive, the Company hereby makes an award of restricted stock under the terms of the Plan to Executive pursuant to the following terms and conditions: 
 1. Stock Award. The Company hereby grants to Executive an award of <XXX,XXX> shares of the $.05 par value common stock of the
Company, subject to the restrictions and other conditions set forth herein. Such shares are hereinafter referred to as the “Restricted Shares.” 
 2. Restrictions The Restricted Shares shall vest and become transferable as follows: [OPTION ONE: twenty-five percent (25%) of the shares granted shall vest and become transferable
upon the third (3rd) anniversary of the date of grant; twenty-five percent (25%) of the shares granted
shall vest and become transferable upon the sixth (6th) anniversary of the date of grant; and fifty percent
(50%) of the shares granted shall vest and become transferable upon the earlier of the date on which Executive reaches age 60 or the tenth (10th) anniversary of the grant date.] [OPTION TWO: one hundred percent (100%) of the shares granted shall vest and become transferable upon the [select: third (3rd) or fourth (4th) or fifth (5th)] anniversary of the date of grant.] Restricted
Shares that have not vested may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated. Restricted Shares that have not vested shall be subject to forfeiture as provided in Section 3. Upon a Change in Control of the
Company (as defined in Section 9) all unvested Restricted Shares shall immediately vest and become transferable. In the event of death or employment termination due to permanent and total disability, any unvested Restricted Shares shall
immediately vest and become transferable by Executive or Executive’s estate. 
 3. Change in Employment Status. If Executive’s
employment with the Company and its subsidiaries terminates for reasons other than [FOR USE WITH OPTION TWO VESTING ONLY: Retirement,] death or permanent and total disability, or if Executive’s employment 

 
status changes to a position which the Company deems to be ineligible for this restricted stock grant, any Restricted Shares which had been granted to
Executive which have not yet become vested and transferable, as of the date of Executive’s termination or upon Executive’s commencing employment in a non-eligible position, shall be immediately forfeited by Executive. [FOR USE WITH
OPTION TWO VESTING ONLY: Upon employment termination due to Retirement, all Restricted Shares that have not lapsed as of the date of Executive’s Retirement shall continue to vest according to the vesting schedule set forth in Section 2
of this Award, provided that a sufficient number of shares shall vest at the time said Restricted Shares become taxable to Executive to cover applicable tax withholding required pursuant to Section 6; further provided, that if after reaching
Retirement, Executive becomes, either directly or indirectly, employed with a Competitor, all unvested Restricted Shares shall be immediately forfeited. “Retirement” means termination of employment with the Company and its Subsidiaries on
or after Executive’s attainment of age sixty (60) and having at least five (5) years of continuous service with the Company and its Subsidiaries. “Competitor” means any company or entity in the home improvement industry
engaged in any way in a business that competes directly or indirectly with the Company, its parents, subsidiaries, affiliates or related entities, in the United States, Canada, Puerto Rico, Mexico, China or any other location in which the Company
currently conducts business or may conduct business without the prior written consent of the Company. Businesses that compete with the Company in the home improvement industry specifically include, but are not limited to, the following entities and
each of their subsidiaries, affiliates, assigns, franchisees, or successors in interest: [INSERT LIST OF COMPETITORS] 
 4. Book
Entry Account. Within a reasonable time after the date of this Award, the Company shall instruct its transfer agent to establish a book entry account representing the Restricted Shares Executive’s name effective as of the grant date,
provided that the Company shall retain control of such account until the Restricted Shares have become vested in accordance with the Award. 
 5. Stockholder Rights. Upon the effective date of the book entry pursuant to Section 4, Executive shall have all of the rights of a stockholder with respect to the Restricted Shares, including the right to vote the shares
and to receive all dividends or other distributions paid or made available with respect to such shares. Notwithstanding the foregoing, any stock dividends or other in-kind dividends or distributions shall be held by the Company until the related
Restricted Shares have become vested in accordance with this Award and shall remain subject to the forfeiture provisions applicable to the Restricted Shares to which such dividends or distributions relate. 
 6. Withholding. Executive shall pay all applicable federal, state and local income and employment taxes (including taxes of any foreign
jurisdiction) which the Company is required to withhold at any time with respect to the Restricted Shares. Such payment shall be made in full, at Executive’s election, in cash or check, by withholding from the Executive’s next normal
payroll check, or by the tender of shares of the Company’s common stock (including shares then vesting under this Award). Shares tendered as payment of required withholding shall be valued at the closing price per share of the Company’s
common stock on the date such withholding obligation arises. 
 7. Transferability. Except as otherwise provided in this
Section 7, the Restricted Shares shall not be sold, pledged, assigned, hypothecated, transferred or disposed of in any 

 
manner, whether by the operation of law or otherwise. Executive may transfer the Restricted Shares, in whole or in part, to a spouse or lineal descendant (a
“Family Member”), a trust for the exclusive benefit of Executive and/or Family Members, a partnership or other entity in which all the beneficial owners are Executive and/or Family Members, or any other entity affiliated with Executive
that may be approved by the Committee (a “Permitted Transferee”). Subsequent transfers of the Restricted Shares shall be prohibited except in accordance with this Section 7. All terms and conditions of the Restricted Shares, including
provisions relating to the termination of Executive’s employment with the Company, shall continue to apply following a transfer made in accordance with this Section 7. Any attempted transfer of the Restricted Shares prohibited by this
Section 7 shall be null and void. 
 8. Plan Provisions. In addition to the terms and conditions set forth herein, the
Award is subject to and governed by the terms and conditions set forth in the Plan, which is incorporated herein by reference. Unless the context otherwise requires, capitalized terms used in this Award shall have the meanings set forth in the Plan.
In the event of any conflict between the provisions of the Award and the Plan, the Plan shall control. 
 9. Change in Control.
For purposes of this agreement, “Change in Control” shall mean a change in control of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A under the Securities Exchange Act of 1934
(“1934 Act”) as in effect at the time of such change in control, provided that such a change in control shall be deemed to have occurred at such time as (i) any “person” (as that term is used in Sections 13(d) and 14(d)
(2) of the 1934 Act), is or becomes the “beneficial owner”, directly or indirectly, of securities representing 20% or more of the combined voting power for election of directors of the then outstanding securities of the Company or any
successor of the Company; (ii) during any period of two (2) consecutive years or less, individuals who at the beginning of such period constituted the Board of Directors of the Company cease, for any reason, to constitute at least a
majority of the Board of Directors, unless the election or nomination for election of each new director was approved by a vote of at least two-thirds of the directors then still in office who were directors at the beginning of the period;
(iii) the stockholders of the Company approve any merger or consolidation as a result of which the common stock of the Company shall be changed, converted or exchanged (other than a merger with a wholly owned subsidiary of the Company) or any
liquidation of the Company or any sale or other disposition of 50% or more of the assets or earning power of the Company; or (iv) the stockholders of the Company approve any merger or consolidation to which the Company is a party as a result of
which the persons who were stockholders of the Company immediately prior to the effective date of the merger or consolidation shall have beneficial ownership of less than 55% of the combined voting power for election of directors of the surviving
corporation following the effective date of such merger or consolidation. 
 10. Notice. Any written notice required or
permitted by this Award shall be mailed, certified mail (return receipt requested) or hand-delivered, addressed to Company’s Executive Vice President – Human Resources at Company’s corporate headquarters at 2455 Paces Ferry Road,
N.W., Atlanta, Georgia 30339-4024, or to Executive at his most recent home address on record with the Company. Notices are effective upon receipt. 
 11. Miscellaneous. 
 (a) Limitation of Rights. The granting of the Award shall not give Executive any
rights to similar grants in future years or any right to be retained in the employ 

 
or service of the Company or its subsidiary or interfere in any way with the right of the Company or any such subsidiary to terminate Executive’s
services at any time, the right of the Company or its subsidiary to assign Executive to a position that is ineligible for this restricted stock grant, or the right of Executive to terminate his services at any time. 
 (b) Severability. If any term, provision, covenant or restriction contained in the Award is held by a court or a federal regulatory agency
of competent jurisdiction to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions contained in the Award shall remain in full force and effect, and shall in no way be affected, impaired or
invalidated. 
 (c) Controlling Law. This Award shall be construed, interpreted and applied in accordance with the law of the
State of Delaware, without giving effect to the choice of law provisions thereof. Executive and the Company hereby irrevocably submit to the exclusive concurrent jurisdiction of the courts of Delaware. Executive and the Company also both irrevocably
waive, to the fullest extent permitted by applicable law, any objection either may now or hereafter have to the laying of venue of any such dispute brought in such court or any defense of inconvenient forum for the maintenance of such dispute, and
both parties agree to accept service of legal process in Delaware. 
 (d) Construction. The Award contains the entire
understanding between the parties and supersedes any prior understanding and agreements between them representing the subject matter hereof, except that this Award shall be subject to the terms and conditions set forth in the Employment Agreement
between Executive and Company, if any. There are no other representations, agreements, arrangements or understandings, oral or written, between and among the parties hereto relating to the subject matter hereof which are not fully expressed herein.

 (e) Headings. Section and other headings contained in the Award are for reference purposes only and are in no way intended
to describe, interpret, define or limit the scope, extent or intent of the Award or any provision hereof. 
 [SIGNATURES ON NEXT PAGE]

 IN WITNESS WHEREOF, the undersigned officer of the Company executes this Award on behalf of the
Company as of day and year first set forth above. 
  

			
	THE HOME DEPOT, INC.
		
		 	  

	By:	 	Robert L. Nardelli
		 	Chairman, President and CEO

 [ADD WHERE APPLICABLE TO AWARDS MADE TO ASSOCIATES WITH EMPLOYMENT AGREEMENTS: 
 Executive acknowledges and agrees that this Award, has been made in satisfaction of any minimum annual stock option award to which [he/she] might otherwise be entitled
pursuant to [his/her] employment agreement with the Company or its subsidiaries for the year for which this Award is made. This Award shall be null and void unless signed by Executive and returned to the Company within 30 days of the grant date.]

  

	
	  

	 Executive

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