Document:

exv10w4

 

Exhibit 10.4

COMSCORE, INC.

1999 STOCK PLAN, AS AMENDED

NOTICE OF GRANT OF STOCK PURCHASE RIGHT

     Unless otherwise defined herein, the terms defined in the 1999 Stock Plan, as amended (the
“Plan”) will have the same defined meanings in this Notice of Grant of Stock Purchase Right (the
“Notice of Grant”) and Terms and Conditions of Stock Purchase Right, attached hereto as Exhibit
A (together, the “Agreement”).

	 	 	 
	     Optionee:

	 	                                                            
	 
	 	 
	     Address:

	 	                                                            
	 
	 	 
	 

	 	                                                            

     Optionee has been granted the right to receive a Stock Purchase Right (the “Award”), subject
to the terms and conditions of the Plan and this Agreement, as follows:

	 	 	 	 	 
	     Grant Number
	 	                                                            
	 
	 	 	 	 
	     Date of Grant
	 	                                                            
	 
	 	 	 	 
	     Vesting Commencement Date
	 	                                                            
	 
	 	 	 	 
	     Number of Shares Granted
	 	                                                            
	 
	 	 	 	 
	     [Exercise Price Per Share
	 	$                                                            ]
	 
	 	 	 	 
	     Term/Expiration Date
	 	                                                            

     Vesting Schedule:

     Subject to any acceleration provisions contained in the Plan or set forth below, the Stock
Purchase Right will vest and the Company’s right to repurchase the Stock Purchase Right will lapse
in accordance with the following schedule:

     [INSERT VESTING SCHEDULE]

     [OPTIONEE MUST PURCHASE THE SHARES BEFORE THE EXPIRATION DATE OR THE STOCK PURCHASE RIGHT WILL
TERMINATE AND OPTIONEE WILL HAVE NO FURTHER RIGHT TO PURCHASE THE SHARES.]

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     By Optionee’s signature and the signature of the Company’s representative below, Optionee and
the Company agree that this Award is granted under and governed by the terms and conditions of the
Plan and this Agreement. Optionee has reviewed the Plan and this Agreement in their entirety, has
had an opportunity to obtain the advice of counsel prior to executing this Agreement and fully
understands all provisions of the Plan and Agreement. Optionee hereby agrees to accept as binding,
conclusive and final all decisions or interpretations of the Administrator upon any questions
relating to the Plan and Agreement. Optionee further agrees to notify the Company upon any change
in the residence address indicated below.

	 	 	 
	OPTIONEE

	 	COMSCORE, INC.
	 
	 	 
	 

	 	 
	Signature

	 	By
	 
	 	 
	 

	 	 
	Print Name

	 	Title
	 
	 	 
	Address:
	 	 
	 
	 	 
	 

	 	 
	 
	 	 
	 

	 	 

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EXHIBIT A

TERMS AND CONDITIONS OF STOCK PURCHASE RIGHT GRANT

     1. Purchase of Stock. The Company hereby agrees to sell to the Optionee named in the
Notice of Grant (the “Optionee”) and Optionee hereby agrees to purchase the number of Shares (the
“Restricted Stock”), at the per Share purchase price and as otherwise described in the Notice of
Grant, subject to all of the terms and conditions in this Agreement and the Plan, which is
incorporated herein by reference. Subject to Section 14(c) of the Plan, in the event of a conflict
between the terms and conditions of the Plan and the terms and conditions of this Agreement, the
terms and conditions of the Plan will prevail. The purchase price for the Restricted Stock, if
any, may be paid by delivery to the Company at the time of execution of this Agreement in cash, a
check, or some combination thereof, together with any applicable tax withholding.

OR

     Grant of Restricted Stock. The Company hereby grants to the Optionee named in the
Notice of Grant (the “Optionee”) under the Plan for past services and as a separate incentive in
connection with his or her services and not in lieu of any salary or other compensation for his or
her services, Shares (the “Restricted Stock”), at the per Share purchase price and as otherwise
described in the Notice of Grant, subject to all of the terms and conditions in this Agreement and
the Plan, which is incorporated herein by reference. Subject to Section 14(c) of the Plan, in the
event of a conflict between the terms and conditions of the Plan and the terms and conditions of
this Agreement, the terms and conditions of the Plan will prevail.

     2. Escrow of Shares.

          (a) All Shares of Restricted Stock will, upon execution of this Agreement, be delivered and
deposited with an escrow holder designated by the Company (the “Escrow Holder”). The Shares of
Restricted Stock will be held by the Escrow Holder until such time as the Shares of Restricted
Stock vest or the date Optionee ceases to be a Service Provider.

          (b) The Escrow Holder will not be liable for any act it may do or omit to do with respect to
holding the Shares of Restricted Stock in escrow while acting in good faith and in the exercise of
its judgment.

          (c) Upon Optionee’s termination as a Service Provider for any reason, the Escrow Holder, upon
receipt of written notice of such termination, will take all steps necessary to accomplish the
transfer of the unvested Shares of Restricted Stock to the Company. Optionee hereby appoints the
Escrow Holder with full power of substitution, as Optionee’s true and lawful attorney-in-fact with
irrevocable power and authority in the name and on behalf of Optionee to take any action and
execute all documents and instruments, including, without limitation, stock powers which may be
necessary to transfer the certificate or certificates evidencing such unvested Shares of Restricted
Stock to the Company upon such termination.

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          (d) The Escrow Holder will take all steps necessary to accomplish the transfer of Shares of
Restricted Stock to Optionee after they vest following Optionee’s request that the Escrow Holder do
so.

          (e) Subject to the terms hereof, Optionee will have all the rights of a stockholder with
respect to the Shares while they are held in escrow, including without limitation, the right to
vote the Shares and to receive any cash dividends declared thereon.

          (f) In the event of a stock split, reverse stock split, stock dividend, combination, or
reclassification, or any other increase or decrease in the number of shares of Common Stock
effected without receipt of consideration, the Shares of Restricted Stock will be increased,
reduced or otherwise changed, and by virtue of any such change Optionee will in his or her capacity
as owner of unvested Shares of Restricted Stock be entitled to new or additional or different
shares of stock, cash or securities (other than rights or warrants to purchase securities); such
new or additional or different shares, cash or securities will thereupon be considered to be
unvested Shares of Restricted Stock and will be subject to all of the conditions and restrictions
which were applicable to the unvested Shares of Restricted Stock pursuant to this Agreement. If
Optionee receives rights or warrants with respect to any unvested Shares of Restricted Stock, such
rights or warrants may be held or exercised by Optionee, provided that until such exercise any such
rights or warrants and after such exercise any shares or other securities acquired by the exercise
of such rights or warrants will be considered to be unvested Shares of Restricted Stock and will be
subject to all of the conditions and restrictions which were applicable to the unvested Shares of
Restricted Stock pursuant to this Agreement. The Administrator in its absolute discretion at any
time may accelerate the vesting of all or any portion of such new or additional shares of stock,
cash or securities, rights or warrants to purchase securities or shares or other securities
acquired by the exercise of such rights or warrants.

          (g) The Company may instruct the transfer agent for its Common Stock to place a legend on the
certificates representing the Restricted Stock or otherwise note its records as to the restrictions
on transfer set forth in this Agreement.

     3. Optionee’s Representations. In the event the Shares have not been registered under
the Securities Act of 1933, as amended, at the time this Stock Purchase Right is exercised, the
Optionee will, if required by the Company, concurrently with the exercise of all or any portion of
this Stock Purchase Right, deliver to the Company his or her Investment Representation Statement in
the form attached hereto as Exhibit B.

     4. Lock-Up Period. Optionee hereby agrees that Optionee will not offer, pledge, sell,
contract to sell, sell any option or contract to purchase, purchase any option or contract to sell,
grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly
or indirectly, any Common Stock (or other securities) of the Company or enter into any swap,
hedging or other arrangement that transfers to another, in whole or in part, any of the economic
consequences of ownership of any Common Stock (or other securities) of the Company held by Optionee
(other than those included in the registration) for a period specified by the representative of the
underwriters of Common Stock (or other securities) of the Company not to exceed one hundred eighty
(180) days following the effective date of any registration

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statement of the Company filed under the Securities Act (or such other period as may be
requested by the Company or the underwriters to accommodate regulatory restrictions on (i) the
publication or other distribution of research reports and (ii) analyst recommendations and
opinions, including, but not limited to, the restrictions contained in NASD Rule 2711(f)(4) or NYSE
Rule 472(f)(4), or any successor provisions or amendments thereto).

     Optionee agrees to execute and deliver such other agreements as may be reasonably requested by
the Company or the underwriter which are consistent with the foregoing or which are necessary to
give further effect thereto. In addition, if requested by the Company or the representative of the
underwriters of Common Stock (or other securities) of the Company, Optionee will provide, within
ten (10) days of such request, such information as may be required by the Company or such
representative in connection with the completion of any public offering of the Company’s securities
pursuant to a registration statement filed under the Securities Act. The obligations described in
this Section will not apply to a registration relating solely to employee benefit plans on Form S-1
or Form S-8 or similar forms that may be promulgated in the future, or a registration relating
solely to a Commission Rule 145 transaction on Form S-4 or similar forms that may be promulgated in
the future. The Company may impose stop-transfer instructions with respect to the shares of Common
Stock (or other securities) subject to the foregoing restriction until the end of said one hundred
eighty (180) day (or other) period. Optionee agrees that any transferee of the Stock Purchase
Right or Shares acquired pursuant to the Stock Purchase Right will be bound by this Section.

     5. Vesting Schedule. Except as provided in Section 6, and subject to Section 7, the
Shares of Restricted Stock awarded by this Agreement will vest in accordance with the vesting
provisions set forth in the Notice of Grant. Shares of Restricted Stock scheduled to vest on a
certain date or upon the occurrence of a certain condition will not vest in Optionee in accordance
with any of the provisions of this Agreement, unless Optionee will have been continuously a Service
Provider from the Date of Grant until the date such vesting occurs.

     6. Administrator Discretion. The Administrator, in its discretion, may accelerate the
vesting of the balance, or some lesser portion of the balance, of the unvested Restricted Stock at
any time, subject to the terms of the Plan. If so accelerated, such Restricted Stock will be
considered as having vested as of the date specified by the Administrator.

     7. Forfeiture upon Termination of Status as a Service Provider. Notwithstanding any
contrary provision of this Agreement, the balance of the Shares of Restricted Stock that have not
vested at the time of Optionee’s termination as a Service Provider for any reason will be forfeited
and automatically transferred to and reacquired by the Company at the original purchase price paid
by the Optionee for such Shares (if any) (any may be paid by cancellation of indebtedness of the
purchaser to the Company) and Optionee will have no further rights thereunder. Optionee hereby
appoints the Escrow Agent with full power of substitution, as Optionee’s true and lawful
attorney-in-fact with irrevocable power and authority in the name and on behalf of Optionee to take
any action and execute all documents and instruments, including, without limitation, stock powers
which may be necessary to transfer the certificate or certificates evidencing such unvested Shares
to the Company upon such termination of service.

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OR

     Repurchase Option.

          In the event Optionee ceases to be a Service Provider for any or no reason (including death or
disability) before all of the Shares are released from the Company’s Repurchase Option (see Notice
of Grant of Stock Purchase Right (“Notice of Grant”)), the Company shall, upon the date of such
termination (as reasonably fixed and determined by the Company) have an irrevocable, exclusive
option (the “Repurchase Option”) for a period of sixty (60) days from such date to repurchase all
or a portion of the unvested Shares of Restricted Stock at the original purchase price per share
(the “Repurchase Price”). The Repurchase Option shall be exercised by the Company by delivering
written notice to Optionee or Optionee’s executor (with a copy to the Escrow Holder) AND, at the
Company’s option, (i) by delivering to Optionee or Optionee’s executor a check in the amount of the
aggregate Repurchase Price, or (ii) by canceling an amount of Optionee’s indebtedness to the
Company equal to the aggregate Repurchase Price, or (iii) by a combination of (i) and (ii) so that
the combined payment and cancellation of indebtedness equals the aggregate Repurchase Price. Upon
delivery of such notice and the payment of the aggregate Repurchase Price, the Company shall become
the legal and beneficial owner of the unvested Shares of Restricted Stock being repurchased and all
rights and interests therein or relating thereto, and the Company shall have the right to retain
and transfer to its own name the number of Shares being repurchased by the Company.

     Whenever the Company shall have the right to repurchase Shares hereunder, the Company may
designate and assign one or more employees, officers, directors or shareholders of the Company or
other persons or organizations to exercise all or a part of the Company’s purchase rights under
this Agreement and purchase all or a part of such Shares. If the Fair Market Value of the Shares
to be repurchased on the date of such designation or assignment (the “Repurchase FMV”) exceeds the
aggregate Repurchase Price of such Shares, then each such designee or assignee shall pay the
Company cash equal to the difference between the Repurchase FMV and the aggregate Repurchase Price
of such Shares.

     8. Company’s Right of First Refusal. Before any Shares held by Optionee or any
transferee (either being sometimes referred to herein as the “Holder”) may be sold or otherwise
transferred (including transfer by gift or operation of law), the Company or its assignee(s) will
have a right of first refusal to purchase the Shares on the terms and conditions set forth in this
Section 8 (the “Right of First Refusal”).

          (a) Notice of Proposed Transfer. The Holder of the Shares will deliver to the Company
a written notice (the “Notice”) stating: (i) the Holder’s bona fide intention to sell or otherwise
transfer such Shares; (ii) the name of each proposed optionee or other transferee (“Proposed
Transferee”); (iii) the number of Shares to be transferred to each Proposed Transferee; and (iv)
the bona fide cash price or other consideration for which the Holder proposes to transfer the
Shares (the “Offered Price”), and the Holder will offer the Shares at the Offered Price to the
Company or its assignee(s).

          (b) Exercise of Right of First Refusal. At any time within thirty (30) days after
receipt of the Notice, the Company and/or its assignee(s) may, by giving written notice to

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the Holder, elect to purchase all, but not less than all, of the Shares proposed to be
transferred to any one or more of the Proposed Transferees, at the purchase price determined in
accordance with subsection (c) below.

          (c) Purchase Price. The purchase price (“Purchase Price”) for the Shares purchased by
the Company or its assignee(s) under this Section 8 will be the Offered Price. If the Offered
Price includes consideration other than cash, the cash equivalent value of the non-cash
consideration will be determined by the Board of Directors of the Company in good faith.

          (d) Payment. Payment of the Purchase Price will be made, at the option of the Company
or its assignee(s), in cash (by check), by cancellation of all or a portion of any outstanding
indebtedness of the Holder to the Company (or, in the case of repurchase by an assignee, to the
assignee), or by any combination thereof within thirty (30) days after receipt of the Notice or in
the manner and at the times set forth in the Notice.

          (e) Holder’s Right to Transfer. If all of the Shares proposed in the Notice to be
transferred to a given Proposed Transferee are not purchased by the Company and/or its assignee(s)
as provided in this Section 8, then the Holder may sell or otherwise transfer such Shares to that
Proposed Transferee at the Offered Price or at a higher price, provided that such sale or other
transfer is consummated within one hundred and twenty (120) days after the date of the Notice, that
any such sale or other transfer is effected in accordance with any applicable securities laws and
that the Proposed Transferee agrees in writing that the provisions of this Section 8 will continue
to apply to the Shares in the hands of such Proposed Transferee. If the Shares described in the
Notice are not transferred to the Proposed Transferee within such period, a new Notice will be
given to the Company, and the Company and/or its assignees will again be offered the Right of First
Refusal before any Shares held by the Holder may be sold or otherwise transferred.

          (f) Exception for Certain Family Transfers. Anything to the contrary contained in
this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s
lifetime or on the Optionee’s death by will or intestacy to the Optionee’s immediate family or a
trust for the benefit of the Optionee’s immediate family will be exempt from the provisions of this
Section 8. “Immediate Family” as used herein will mean spouse, lineal descendant or antecedent,
father, mother, brother or sister. In such case, the transferee or other recipient will receive
and hold the Shares so transferred subject to the provisions of this Section 8, and there will be
no further transfer of such Shares except in accordance with the terms of this Section 8.

          (g) Termination of Right of First Refusal. The Right of First Refusal will terminate
as to any Shares upon the earlier of (i) the first sale of Common Stock of the Company to the
general public, or (ii) a Change in Control in which the successor corporation has equity
securities that are publicly traded.

     9. Death of Optionee. Any distribution or delivery to be made to Optionee under this
Agreement will, if Optionee is then deceased, be made to Optionee’s designated beneficiary, or if
no beneficiary survives Optionee, the administrator or executor of Optionee’s estate. Any such
transferee must furnish the Company with (a) written notice of his or her status as

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transferee, and (b) evidence satisfactory to the Company to establish the validity of the
transfer and compliance with any laws or regulations pertaining to said transfer.

     10. Withholding of Taxes. Notwithstanding any contrary provision of this Agreement,
no certificate representing the Shares of Restricted Stock may be released from the escrow
established pursuant to Section 2, unless and until satisfactory arrangements (as determined by the
Administrator) will have been made by Optionee with respect to the payment of income, employment
and other taxes which the Company determines must be withheld with respect to such Shares. To the
extent determined appropriate by the Company in its discretion, it will have the right (but not the
obligation) to satisfy any tax withholding obligations by reducing the number of Shares otherwise
deliverable to Optionee. If Optionee fails to make satisfactory arrangements for the
payment of any required tax withholding obligations hereunder at the time any applicable Shares
otherwise are scheduled to vest pursuant to Sections 5 or 6, Optionee will permanently forfeit such
Shares and the Shares will be returned to the Company at no cost to the Company.

     11. Rights as Stockholder. Neither Optionee nor any person claiming under or through
Optionee will have any of the rights or privileges of a stockholder of the Company in respect of
any Shares deliverable hereunder unless and until certificates representing such Shares will have
been issued, recorded on the records of the Company or its transfer agents or registrars, and
delivered to Optionee or the Escrow Agent. Except as provided in Section 2(f), after such
issuance, recordation and delivery, Optionee will have all the rights of a stockholder of the
Company with respect to voting such Shares and receipt of dividends and distributions on such
Shares.

     12. No Guarantee of Continued Service. OPTIONEE ACKNOWLEDGES AND AGREES THAT THE
VESTING OF THE SHARES OF RESTRICTED STOCK PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY
CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING
OR RETAINING OPTIONEE) AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS RESTRICTED STOCK
OR ACQUIRING SHARES HEREUNDER. OPTIONEE FURTHER ACKNOWLEDGES AND AGREES THAT THIS AGREEMENT, THE
TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN
EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD,
FOR ANY PERIOD, OR AT ALL, AND WILL NOT INTERFERE IN ANY WAY WITH OPTIONEE’S RIGHT OR THE RIGHT OF
THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING OPTIONEE) TO TERMINATE OPTIONEE’S
RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE.

     13. Address for Notices. Any notice to be given to the Company under the terms of
this Agreement will be addressed to the Company at comScore, Inc., 11465 Sunset Hill Road, Suite
200, Reston, Virginia 20190, or at such other address as the Company may hereafter designate in
writing.

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     14. Grant is Not Transferable. Except to the limited extent provided in Section 8,
the unvested Shares subject to this grant and the rights and privileges conferred hereby will not
be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or
otherwise) and will not be subject to sale under execution, attachment or similar process. Upon
any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of any unvested Shares of
Restricted Stock subject to this grant, or any right or privilege conferred hereby, or upon any
attempted sale under any execution, attachment or similar process, this grant and the rights and
privileges conferred hereby immediately will become null and void.

     15. Binding Agreement. Subject to the limitation on the transferability of this grant
contained herein, this Agreement will be binding upon and inure to the benefit of the heirs,
legatees, legal representatives, successors and assigns of the parties hereto.

     16. Additional Conditions to Release from Escrow. The Company will not be required to
issue any certificate or certificates for Shares hereunder or release such Shares from the escrow
established pursuant to Section 2 prior to fulfillment of all the following conditions: (a) the
admission of such Shares to listing on all stock exchanges on which such class of stock is then
listed; (b) the completion of any registration or other qualification of such Shares under any
state or federal law or under the rulings or regulations of the Securities and Exchange Commission
or any other governmental regulatory body, which the Administrator will, in its absolute
discretion, deem necessary or advisable; (c) the obtaining of any approval or other clearance from
any state or federal governmental agency, which the Administrator will, in its absolute discretion,
determine to be necessary or advisable; and (d) the lapse of such reasonable period of time
following the date of grant of the Restricted Stock as the Administrator may establish from time to
time for reasons of administrative convenience.

     17. Plan Governs. This Agreement is subject to all terms and provisions of the Plan.
In the event of a conflict between one or more provisions of this Agreement and one or more
provisions of the Plan, the provisions of the Plan will govern. Capitalized terms used and not
defined in this Agreement will have the meaning set forth in the Plan.

     18. Administrator Authority. The Administrator will have the power to interpret the
Plan and this Agreement and to adopt such rules for the administration, interpretation and
application of the Plan as are consistent therewith and to interpret or revoke any such rules
(including, but not limited to, the determination of whether or not any Shares of Restricted Stock
have vested). All actions taken and all interpretations and determinations made by the
Administrator in good faith will be final and binding upon Optionee, the Company and all other
interested persons. No member of the Administrator will be personally liable for any action,
determination or interpretation made in good faith with respect to the Plan or this Agreement.

     19. Electronic Delivery. The Company may, in its sole discretion, decide to deliver
any documents related to the Shares of Restricted Stock awarded under the Plan or future Restricted
Stock that may be awarded under the Plan by electronic means or request Optionee’s consent to
participate in the Plan by electronic means. Optionee hereby consents to receive such documents by
electronic delivery and agrees to participate in the Plan through any on-line or electronic system
established and maintained by the Company or another third party designated by the Company.

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     20. Section 83(b) Election. Optionee hereby acknowledges that he or she has been
informed that, with respect to the exercise of an Option for unvested Shares, an election (the
“Election”) may be filed by the Optionee with the Internal Revenue Service, within thirty (30) days
of the purchase of the exercised Shares. A form of Election under Section 83(b) is attached
hereto as Exhibit C-2 for reference.

OPTIONEE ACKNOWLEDGES THAT IT IS OPTIONEE’S SOLE RESPONSIBILITY AND NOT THE COMPANY’S TO FILE
TIMELY THE ELECTION UNDER SECTION 83(b) OF THE CODE, EVEN IF OPTIONEE REQUESTS THE COMPANY OR ITS
REPRESENTATIVE TO MAKE THIS FILING ON OPTIONEE’S BEHALF.

     21. Captions. Captions provided herein are for convenience only and are not to serve
as a basis for interpretation or construction of this Agreement.

     22. Agreement Severable. In the event that any provision in this Agreement will be
held invalid or unenforceable, such provision will be severable from, and such invalidity or
unenforceability will not be construed to have any effect on, the remaining provisions of this
Agreement.

     23. Modifications to the Agreement. This Agreement constitutes the entire
understanding of the parties on the subjects covered. Optionee expressly warrants that he or she
is not accepting this Agreement in reliance on any promises, representations, or inducements other
than those contained herein. Modifications to this Agreement or the Plan can be made only in an
express written contract executed by a duly authorized officer of the Company. Notwithstanding
anything to the contrary in the Plan or this Agreement, the Company reserves the right to revise
this Agreement as it deems necessary or advisable, in its sole discretion and without the consent
of Optionee, to comply with Section 409A of the Internal Revenue Code of 1986, as amended (the
“Code”) or to otherwise avoid imposition of any additional tax or income recognition under Section
409A of the Code in connection to this Award.

     24. Amendment, Suspension or Termination of the Plan. By accepting this Award,
Optionee expressly warrants that he or she has received a Stock Purchase Right under the Plan, and
has received, read and understood a description of the Plan. Optionee understands that the Plan is
discretionary in nature and may be amended, suspended or terminated by the Company at any time.

     25. Governing Law. This Agreement will be governed by the laws of the [Commonwealth
of Virginia], without giving effect to the conflict of law principles thereof. For purposes of
litigating any dispute that arises under this Award or this Agreement, the parties hereby submit to
and consent to the jurisdiction of the [Commonwealth of Virginia], and agree that such litigation
will be conducted in the courts of [Fairfax County], [Virginia], or the federal courts for the
United States for the [Eastern District of Virginia], and no other courts, where this Award is made
and/or to be performed.

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EXHIBIT B

INVESTMENT REPRESENTATION STATEMENT

	 	 	 	 	 
	OPTIONEE

	 	:	 	 
	 
	 	 	 	 
	COMPANY

	 	:
	 	COMSCORE, INC.
	 
	 	 	 	 
	SECURITY

	 	:
	 	COMMON STOCK
	 
	 	 	 	 
	AMOUNT

	 	:	 	 
	 
	 	 	 	 
	DATE

	 	:	 	 

In connection with the purchase of the above-listed Securities, the undersigned Optionee represents
to the Company the following:

          (a) Optionee is aware of the Company’s business affairs and financial condition and has
acquired sufficient information about the Company to reach an informed and knowledgeable decision
to acquire the Securities. Optionee is acquiring these Securities for investment for Optionee’s
own account only and not with a view to, or for resale in connection with, any “distribution”
thereof within the meaning of the Securities Act of 1933, as amended (the “Securities Act”).

          (b) Optionee acknowledges and understands that the Securities constitute “restricted
securities” under the Securities Act and have not been registered under the Securities Act in
reliance upon a specific exemption therefrom, which exemption depends upon, among other things, the
bona fide nature of Optionee’s investment intent as expressed herein. In this connection, Optionee
understands that, in the view of the Securities and Exchange Commission, the statutory basis for
such exemption may be unavailable if Optionee’s representation was predicated solely upon a present
intention to hold these Securities for the minimum capital gains period specified under tax
statutes, for a deferred sale, for or until an increase or decrease in the market price of the
Securities, or for a period of one year or any other fixed period in the future. Optionee further
understands that the Securities must be held indefinitely unless they are subsequently registered
under the Securities Act or an exemption from such registration is available. Optionee further
acknowledges and understands that the Company is under no obligation to register the Securities.
Optionee understands that the certificate evidencing the Securities will be imprinted with any
legend required under applicable state securities laws.

          (c) Optionee is familiar with the provisions of Rule 701 and Rule 144, each promulgated under
the Securities Act, which, in substance, permit limited public resale of “restricted securities”
acquired, directly or indirectly from the issuer thereof, in a non-public offering subject to the
satisfaction of certain conditions. Rule 701 provides that if the issuer qualifies under Rule 701
at the time of the grant of the Stock Purchase Right to the Optionee, the exercise will be exempt
from registration under the Securities Act. In the event the Company becomes subject to the
reporting requirements of Section 13 or 15(d) of the Securities Exchange

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Act of 1934, ninety (90) days thereafter (or such longer period as any market stand-off
agreement may require) the Securities exempt under Rule 701 may be resold, subject to the
satisfaction of certain of the conditions specified by Rule 144, including: (1) the resale being
made through a broker in an unsolicited “broker’s transaction” or in transactions directly with a
market maker (as said term is defined under the Securities Exchange Act of 1934); and, in the case
of an affiliate, (2) the availability of certain public information about the Company, (3) the
amount of Securities being sold during any three (3) month period not exceeding the limitations
specified in Rule 144(e), and (4) the timely filing of a Form 144, if applicable.

          In the event that the Company does not qualify under Rule 701 at the time of grant of the
Option, then the Securities may be resold in certain limited circumstances subject to the
provisions of Rule 144, which requires the resale to occur not less than one (1) year after the
later of the date the Securities were sold by the Company or the date the Securities were sold by
an affiliate of the Company, within the meaning of Rule 144; and, in the case of acquisition of the
Securities by an affiliate, or by a non-affiliate who subsequently holds the Securities less than
two (2) years, the satisfaction of the conditions set forth in sections (1), (2), (3) and (4) of
the paragraph immediately above.

          (d) Optionee further understands that in the event all of the applicable requirements of Rule
701 or 144 are not satisfied, registration under the Securities Act, compliance with Regulation A,
or some other registration exemption will be required; and that, notwithstanding the fact that
Rules 144 and 701 are not exclusive, the Staff of the Securities and Exchange Commission has
expressed its opinion that persons proposing to sell private placement securities other than in a
registered offering and otherwise than pursuant to Rules 144 or 701 will have a substantial burden
of proof in establishing that an exemption from registration is available for such offers or sales,
and that such persons and their respective brokers who participate in such transactions do so at
their own risk. Optionee understands that no assurances can be given that any such other
registration exemption will be available in such event.

	 	 	 
	 

	 	OPTIONEE
	 
	 	 
	 
	 	 
	 

	 	 
	 

	 	Signature
	 
	 	 
	 
	 	 
	 

	 	 
	 

	 	Print Name
	 
	 	 
	 
	 	 
	 

	 	 
	 

	 	Date

-12-

 

EXHIBIT C-1 

ASSIGNMENT SEPARATE FROM CERTIFICATE

FOR VALUE RECEIVED I, ______, hereby sell, assign and transfer unto comScore,
Inc. ______(___) shares of the Common Stock of comScore, Inc. standing in
my name of the books of said corporation represented by Certificate
No. ___ herewith and do
hereby irrevocably constitute and appoint ______ to transfer the said stock on the books
of the within named corporation with full power of substitution in the premises.

This Stock Assignment may be used only in accordance with the Stock Purchase Right Agreement
between comScore, Inc. and the undersigned dated ______, ______(the “Agreement”).

			
	 	 	 
	Dated:                     , ___
	 	Signature:                                         

     INSTRUCTIONS: Please do not fill in any blanks other than the signature line. The purpose of
this assignment is to enable the Company to exercise its “repurchase option,” as set forth in the
Agreement, without requiring additional signatures on the part of the Optionee.

-13-

 

EXHIBIT C-2

ELECTION UNDER SECTION 83(b)

OF THE INTERNAL REVENUE CODE OF 1986

The undersigned taxpayer hereby elects, pursuant to Sections 55 and 83(b) of the Internal
Revenue Code of 1986, as amended, to include in taxpayer’s gross income or alternative minimum
taxable income, as the case may be, for the current taxable year the amount of any compensation
taxable to taxpayer in connection with taxpayer’s receipt of the property described below.

	1.	 	The name, address, taxpayer identification number and taxable year of the undersigned are as
follows:

	 	 	 	 	 	 	 
	 

	 	NAME:
	 	TAXPAYER:
	 	SPOUSE:
	 
	 	 	 	 	 	 
	 

	 	ADDRESS:	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	IDENTIFICATION NO.:
	 	TAXPAYER:
	 	SPOUSE:
	 
	 	 	 	 	 	 
	 

	 	TAXABLE YEAR:	 	 	 	 

	2.	 	The property with respect to which the election is made is described as follows: ______
shares (the “Shares”) of the Common Stock of comScore, Inc. (the “Company”).
	 
	3.	 	The date on which the property was transferred
is:______, ______.
	 
	4.	 	The property is subject to the following restrictions:
	 
	 	 	The Shares may not be transferred and are subject to forfeiture under the terms of an
agreement between the taxpayer and the Company. These restrictions lapse upon the
satisfaction of certain conditions contained in such agreement.
	 
	5.	 	The fair market value at the time of transfer, determined without regard to any restriction
other than a restriction which by its terms will never lapse, of such property is:
$___.
	 
	6.	 	The amount (if any) paid for such property is: $___.

The undersigned has submitted a copy of this statement to the person for whom the services were
performed in connection with the undersigned’s receipt of the above-described property. The
transferee of such property is the person performing the services in connection with the transfer
of said property. The undersigned understands that the foregoing election may not be revoked
except with the consent of the Commissioner.

	 	 	 
	Dated:                     , ___

	 	                                                            
	 

	 	Taxpayer
	 
	 	 
	The undersigned spouse of
taxpayer joins in this election.
	 
	 	 
	Dated:                     , ___

	 	                                                            
	 

	 	Spouse of Taxpayer

-14-exv10w5

 

Exhibit 10.5

COMSCORE, INC.

1999 STOCK PLAN

NOTICE OF GRANT OF RESTRICTED STOCK UNITS

     Unless otherwise defined herein, the terms defined in the 1999 Stock Plan (the “Plan”) will
have the same defined meanings in this Notice of Grant of Restricted Stock Units (the “Notice of
Grant”) and Terms and Conditions of Restricted Stock Grant, attached hereto as Exhibit A
(together, the “Restricted Stock Unit Agreement” or the “Agreement”).

     Optionee:

     Address:

     Optionee has been granted the right to receive an Award of Restricted Stock Units, subject to
the terms and conditions of the Plan and this Agreement as follows:

	 	 	 
	     Grant Number

	 	                                                            
	 
	 	 
	     Date of Grant

	 	                                                            
	 
	 	 
	     Vesting Commencement Date

	 	                                                            
	 
	 	 
	     Number of Restricted Stock Units

	 	                                                            

     Vesting Schedule:

     Subject to any acceleration provisions contained in the Plan or set forth below, the
Restricted Stock Unit shall vest in accordance with the following schedule:

     [INSERT VESTING SCHEDULE.]

     By Optionee’s signature and the signature of the Company’s representative below, Optionee and
the Company agree that this Award of Restricted Stock Units is granted under and governed by the
terms and conditions of the Plan and this Agreement. Optionee has reviewed the Plan and this
Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to
executing this Agreement and fully understands all provisions of the Plan and Agreement. Optionee
hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the
Administrator upon any questions relating to the Plan and Agreement. Optionee further agrees to
notify the Company upon any change in the residence address indicated below.

 

 

	 	 	 
	OPTIONEE

	 	COMSCORE, INC.
	 
	 	 
	 
	 	 
	 

	 	 
	Signature

	 	By
	 
	 	 
	 
	 	 
	 

	 	 
	Print Name

	 	Title
	 
	 	 
	Address:
	 	 
	 
	 	 
	 
	 	 
	 

	 	 
	 
	 	 
	 
	 	 
	 

	 	 

 

 

EXHIBIT A

TERMS AND CONDITIONS OF RESTRICTED STOCK UNIT GRANT

     1. Grant. The Company hereby grants to Optionee under the Plan for future services
and as a separate incentive in connection with his or her future services and not in lieu of any
salary or other compensation for his or her future services, an Award of Restricted Stock Units,
subject to all of the terms and conditions in this Agreement and the Plan, which is incorporated
herein by reference. Subject to Section 15(c) of the Plan, in the event of a conflict between the
terms and conditions of the Plan and the terms and conditions of this Agreement, the terms and
conditions of the Plan will prevail.

     2. Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to
receive a Share on the date it vests. Unless and until the Restricted Stock Units will have vested
in the manner set forth in Section 5, Optionee will have no right to payment of any such Restricted
Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock
Unit will represent an unsecured obligation of the Company, payable (if at all) only from the
general assets of the Company. Any Restricted Stock Units that vest in accordance with Sections 5
or 6 will be paid to Optionee (or in the event of Optionee’s death, to his or her estate) in whole
Shares, subject to Optionee satisfying any applicable tax withholding obligations as set forth in
Section 10.

     3. Optionee’s Representations. In the event the Shares have not been registered under
the Securities Act of 1933, as amended, at the time they are to be issued hereunder, the Optionee
will, if required by the Company, concurrently with the issuance of such Shares, deliver to the
Company his or her Investment Representation Statement in the form attached hereto as Exhibit
B.

     4. Lock-Up Period. Optionee hereby agrees that Optionee will not offer, pledge, sell,
contract to sell, sell any option or contract to purchase, purchase any option or contract to sell,
grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly
or indirectly, any Common Stock (or other securities) of the Company or enter into any swap,
hedging or other arrangement that transfers to another, in whole or in part, any of the economic
consequences of ownership of any Common Stock (or other securities) of the Company held by Optionee
(other than those included in the registration) for a period specified by the representative of the
underwriters of Common Stock (or other securities) of the Company not to exceed one hundred eighty
(180) days following the effective date of any registration statement of the Company filed under
the Securities Act (or such other period as may be requested by the Company or the underwriters to
accommodate regulatory restrictions on (i) the publication or other distribution of research
reports and (ii) analyst recommendations and opinions, including, but not limited to, the
restrictions contained in NASD Rule 2711(f)(4) or NYSE Rule 472(f)(4), or any successor provisions
or amendments thereto).

     Optionee agrees to execute and deliver such other agreements as may be reasonably requested by
the Company or the underwriter which are consistent with the foregoing or which are necessary to
give further effect thereto. In addition, if requested by the Company or the representative of the
underwriters of Common Stock (or other securities) of the Company, Optionee will provide, within
ten (10) days of such request, such information as may be required

 

 

by the Company or such representative in connection with the completion of any public offering
of the Company’s securities pursuant to a registration statement filed under the Securities Act.
The obligations described in this Section will not apply to a registration relating solely to
employee benefit plans on Form S-1 or Form S-8 or similar forms that may be promulgated in the
future, or a registration relating solely to a Commission Rule 145 transaction on Form S-4 or
similar forms that may be promulgated in the future. The Company may impose stop-transfer
instructions with respect to the shares of Common Stock (or other securities) subject to the
foregoing restriction until the end of said one hundred eighty (180) day (or other) period.
Optionee agrees that any transferee of the Stock Purchase Right or Shares acquired pursuant to the
Stock Purchase Right will be bound by this Section.

     5. Vesting Schedule. Except as provided in Section 6, and subject to Section 7, the
Restricted Stock Units awarded by this Agreement will vest in accordance with the vesting
provisions set forth in the Notice of Grant. Restricted Stock Units scheduled to vest on
a certain date or upon the occurrence of a certain condition will not vest in Optionee in
accordance with any of the provisions of this Agreement, unless Optionee will have been
continuously a Service Provider from the Date of Grant until the date such vesting occurs.

     6. Administrator Discretion. The Administrator, in its discretion, may accelerate the
vesting of the balance, or some lesser portion of the balance, of the unvested Restricted Stock
Units at any time, subject to the terms of the Plan. If so accelerated, such Restricted Stock
Units will be considered as having vested as of the date specified by the Administrator.

     7. Forfeiture upon Termination of Status as a Service Provider. Notwithstanding any
contrary provision of this Agreement, the balance of the Restricted Stock Units that have not
vested as of the time of Optionee’s termination as a Service Provider for any or no reason and
Optionee’s right to acquire any Shares hereunder will immediately terminate.

     8. Death of Optionee. Any distribution or delivery to be made to Optionee under this
Agreement will, if Optionee is then deceased, be made to Optionee’s designated beneficiary, or if
no beneficiary survives Optionee, the administrator or executor of Optionee’s estate. Any such
transferee must furnish the Company with (a) written notice of his or her status as transferee, and
(b) evidence satisfactory to the Company to establish the validity of the transfer and compliance
with any laws or regulations pertaining to said transfer.

     9. Company’s Right of First Refusal. Before any Shares held by Optionee or any
transferee (either being sometimes referred to herein as the “Holder”) may be sold or otherwise
transferred (including transfer by gift or operation of law), the Company or its assignee(s) will
have a right of first refusal to purchase the Shares on the terms and conditions set forth in this
Section 9 (the “Right of First Refusal”).

          (a) Notice of Proposed Transfer. The Holder of the Shares will deliver to the Company
a written notice (the “Notice”) stating: (i) the Holder’s bona fide intention to sell or otherwise
transfer such Shares; (ii) the name of each proposed optionee or other transferee (“Proposed
Transferee”); (iii) the number of Shares to be transferred to each Proposed Transferee; and (iv)
the bona fide cash price or other consideration for which the Holder proposes to transfer the
Shares (the “Offered Price”), and the Holder will offer the Shares at the Offered Price to the
Company or its assignee(s).

 

 

          (b) Exercise of Right of First Refusal. At any time within thirty (30) days after
receipt of the Notice, the Company and/or its assignee(s) may, by giving written notice to the
Holder, elect to purchase all, but not less than all, of the Shares proposed to be transferred to
any one or more of the Proposed Transferees, at the purchase price determined in accordance with
subsection (c) below.

          (c) Purchase Price. The purchase price (“Purchase Price”) for the Shares purchased by
the Company or its assignee(s) under this Section 9 will be the Offered Price. If the Offered
Price includes consideration other than cash, the cash equivalent value of the non-cash
consideration will be determined by the Board of Directors of the Company in good faith.

          (d) Payment. Payment of the Purchase Price will be made, at the option of the Company
or its assignee(s), in cash (by check), by cancellation of all or a portion of any outstanding
indebtedness of the Holder to the Company (or, in the case of repurchase by an assignee, to the
assignee), or by any combination thereof within thirty (30) days after receipt of the Notice or in
the manner and at the times set forth in the Notice.

          (e) Holder’s Right to Transfer. If all of the Shares proposed in the Notice to be
transferred to a given Proposed Transferee are not purchased by the Company and/or its assignee(s)
as provided in this Section 9, then the Holder may sell or otherwise transfer such Shares to that
Proposed Transferee at the Offered Price or at a higher price, provided that such sale or other
transfer is consummated within one hundred and twenty (120) days after the date of the Notice, that
any such sale or other transfer is effected in accordance with any applicable securities laws and
that the Proposed Transferee agrees in writing that the provisions of this Section 9 will continue
to apply to the Shares in the hands of such Proposed Transferee. If the Shares described in the
Notice are not transferred to the Proposed Transferee within such period, a new Notice will be
given to the Company, and the Company and/or its assignees will again be offered the Right of First
Refusal before any Shares held by the Holder may be sold or otherwise transferred.

          (f) Exception for Certain Family Transfers. Anything to the contrary contained in
this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s
lifetime or on the Optionee’s death by will or intestacy to the Optionee’s immediate family or a
trust for the benefit of the Optionee’s immediate family will be exempt from the provisions of this
Section 9. “Immediate Family” as used herein will mean spouse, lineal descendant or antecedent,
father, mother, brother or sister. In such case, the transferee or other recipient will receive
and hold the Shares so transferred subject to the provisions of this Section 9, and there will be
no further transfer of such Shares except in accordance with the terms of this Section 9.

          (g) Termination of Right of First Refusal. The Right of First Refusal will terminate
as to any Shares upon the earlier of (i) the first sale of Common Stock of the Company to the
general public, or (ii) a Change in Control in which the successor corporation has equity
securities that are publicly traded.

     10. Withholding of Taxes. Notwithstanding any contrary provision of this Agreement,
no certificate representing the Shares will be issued to Optionee, unless and until satisfactory
arrangements (as determined by the Administrator) will have been made by Optionee with respect to
the payment of income, employment and other taxes which the Company

 

 

determines must be withheld with respect to such Shares. To the extent determined appropriate
by the Company in its discretion, it shall have the right (but not the obligation) to satisfy any
tax withholding obligations by reducing the number of Shares otherwise deliverable to Optionee. If
Optionee fails to make satisfactory arrangements for the payment of any required tax withholding
obligations hereunder at the time any applicable Restricted Stock Units otherwise are scheduled to
vest pursuant to Sections 5 or 6, Optionee will permanently forfeit such Restricted Stock Units and
any right to receive Shares thereunder and the Restricted Stock Units will be returned to the
Company at no cost to the Company.

     11. Rights as Stockholder. Neither Optionee nor any person claiming under or through
Optionee will have any of the rights or privileges of a stockholder of the Company in respect of
any Shares deliverable hereunder unless and until certificates representing such Shares will have
been issued, recorded on the records of the Company or its transfer agents or registrars, and
delivered to Optionee. After such issuance, recordation and delivery, Optionee will have all the
rights of a stockholder of the Company with respect to voting such Shares and receipt of dividends
and distributions on such Shares.

     12. No Guarantee of Continued Service. OPTIONEE ACKNOWLEDGES AND AGREES THAT THE
VESTING OF THE RESTRICTED STOCK UNITS PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY
CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING
OR RETAINING OPTIONEE) AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS RESTRICTED STOCK
OR ACQUIRING SHARES HEREUNDER. OPTIONEE FURTHER ACKNOWLEDGES AND AGREES THAT THIS AGREEMENT, THE
TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN
EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD,
FOR ANY PERIOD, OR AT ALL, AND WILL NOT INTERFERE IN ANY WAY WITH OPTIONEE’S RIGHT OR THE RIGHT OF
THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING OPTIONEE) TO TERMINATE OPTIONEE’S
RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE.

     13. Address for Notices. Any notice to be given to the Company under the terms of
this Agreement will be addressed to the Company at ComScore, Inc., 11465 Sunset Hill Road, Suite
200, Reston, Virginia 20190, or at such other address as the Company may hereafter designate in
writing.

     14. Grant is Not Transferable. Except to the limited extent provided in Section 8,
this grant and the rights and privileges conferred hereby will not be transferred, assigned,
pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be
subject to sale under execution, attachment or similar process. Upon any attempt to transfer,
assign, pledge, hypothecate or otherwise dispose of this grant, or any right or privilege conferred
hereby, or upon any attempted sale under any execution, attachment or similar process, this grant
and the rights and privileges conferred hereby immediately will become null and void.

     15. Binding Agreement. Subject to the limitation on the transferability of this grant
contained herein, this Agreement will be binding upon and inure to the benefit of the heirs,

 

 

legatees, legal representatives, successors and assigns of the parties hereto.

     16. Additional Conditions to Issuance of Stock. If at any time the Company will
determine, in its discretion, that the listing, registration or qualification of the Shares upon
any securities exchange or under any state or federal law, or the consent or approval of any
governmental regulatory authority is necessary or desirable as a condition to the issuance of
Shares to Optionee (or his or her estate), such issuance will not occur unless and until such
listing, registration, qualification, consent or approval will have been effected or obtained free
of any conditions not acceptable to the Company. Where the Company determines that the delivery of
the payment of any Shares will violate federal securities laws or other applicable laws, the
Company will defer delivery until the earliest date at which the Company reasonably anticipates
that the delivery of Shares will no longer cause such violation. The Company will make all
reasonable efforts to meet the requirements of any such state or federal law or securities exchange
and to obtain any such consent or approval of any such governmental authority.

     17. Plan Governs. This Agreement is subject to all terms and provisions of the Plan.
In the event of a conflict between one or more provisions of this Agreement and one or more
provisions of the Plan, the provisions of the Plan will govern. Capitalized terms used and not
defined in this Agreement will have the meaning set forth in the Plan.

     18. Administrator Authority. The Administrator will have the power to interpret the
Plan and this Agreement and to adopt such rules for the administration, interpretation and
application of the Plan as are consistent therewith and to interpret or revoke any such rules
(including, but not limited to, the determination of whether or not any Restricted Stock Units have
vested). All actions taken and all interpretations and determinations made by the Administrator in
good faith will be final and binding upon Optionee, the Company and all other interested persons.
No member of the Administrator will be personally liable for any action, determination or
interpretation made in good faith with respect to the Plan or this Agreement.

     19. Electronic Delivery. The Company may, in its sole discretion, decide to deliver
any documents related to Restricted Stock Units awarded under the Plan or future Restricted Stock
Units that may be awarded under the Plan by electronic means or request Optionee’s consent to
participate in the Plan by electronic means. Optionee hereby consents to receive such documents by
electronic delivery and agrees to participate in the Plan through any on-line or electronic system
established and maintained by the Company or another third party designated by the Company.

     20. Captions. Captions provided herein are for convenience only and are not to serve
as a basis for interpretation or construction of this Agreement.

     21. Agreement Severable. In the event that any provision in this Agreement will be
held invalid or unenforceable, such provision will be severable from, and such invalidity or
unenforceability will not be construed to have any effect on, the remaining provisions of this
Agreement.

     22. Modifications to the Agreement. This Agreement constitutes the entire
understanding of the parties on the subjects covered. Optionee expressly warrants that he or she
is not accepting this Agreement in reliance on any promises, representations, or inducements other
than those contained herein. Modifications to this Agreement or the Plan can be made only

 

 

in an express written contract executed by a duly authorized officer of the Company.
Notwithstanding anything to the contrary in the Plan or this Agreement, the Company reserves the
right to revise this Agreement as it deems necessary or advisable, in its sole discretion and
without the consent of Optionee, to comply with Section 409A of the Internal Revenue Code of 1986,
as amended (the “Code”) or to otherwise avoid imposition of any additional tax or income
recognition under Section 409A of the Code in connection to this Award of Restricted Stock Units.

     23. Amendment, Suspension or Termination of the Plan. By accepting this Award,
Optionee expressly warrants that he or she has received an Award of Restricted Stock Units under
the Plan, and has received, read and understood a description of the Plan. Optionee understands
that the Plan is discretionary in nature and may be amended, suspended or terminated by the Company
at any time.

     24. Governing Law. This Agreement will be governed by the laws of the [Commonwealth
of Virginia], without giving effect to the conflict of law principles thereof. For purposes of
litigating any dispute that arises under this Award or this Agreement, the parties hereby submit to
and consent to the jurisdiction of the [Commonwealth of Virginia], and agree that such litigation
will be conducted in the courts of [Fairfax County], [Virginia], or the federal courts for the
United States for the [Eastern District of Virginia], and no other courts, where this Award is made
and/or to be performed.

 

 

EXHIBIT B

INVESTMENT REPRESENTATION STATEMENT

	 	 	 	 	 
	OPTIONEE

	 	:	 	 
	 
	 	 	 	 
	COMPANY

	 	:
	 	COMSCORE, INC.
	 
	 	 	 	 
	SECURITY

	 	:
	 	COMMON STOCK
	 
	 	 	 	 
	AMOUNT

	 	:	 	 
	 
	 	 	 	 
	DATE

	 	:	 	 

In connection with the purchase of the above-listed Securities, the undersigned Optionee represents
to the Company the following:

          (a) Optionee is aware of the Company’s business affairs and financial condition and has
acquired sufficient information about the Company to reach an informed and knowledgeable decision
to acquire the Securities. Optionee is acquiring these Securities for investment for Optionee’s
own account only and not with a view to, or for resale in connection with, any “distribution”
thereof within the meaning of the Securities Act of 1933, as amended (the “Securities Act”).

          (b) Optionee acknowledges and understands that the Securities constitute “restricted
securities” under the Securities Act and have not been registered under the Securities Act in
reliance upon a specific exemption therefrom, which exemption depends upon, among other things, the
bona fide nature of Optionee’s investment intent as expressed herein. In this connection, Optionee
understands that, in the view of the Securities and Exchange Commission, the statutory basis for
such exemption may be unavailable if Optionee’s representation was predicated solely upon a present
intention to hold these Securities for the minimum capital gains period specified under tax
statutes, for a deferred sale, for or until an increase or decrease in the market price of the
Securities, or for a period of one year or any other fixed period in the future. Optionee further
understands that the Securities must be held indefinitely unless they are subsequently registered
under the Securities Act or an exemption from such registration is available. Optionee further
acknowledges and understands that the Company is under no obligation to register the Securities.
Optionee understands that the certificate evidencing the Securities will be imprinted with any
legend required under applicable state securities laws.

          (c) Optionee is familiar with the provisions of Rule 701 and Rule 144, each promulgated under
the Securities Act, which, in substance, permit limited public resale of “restricted securities”
acquired, directly or indirectly from the issuer thereof, in a non-public offering subject to the
satisfaction of certain conditions. Rule 701 provides that if the issuer qualifies under Rule 701
at the time of the grant of the Stock Purchase Right to the Optionee, the exercise will be exempt
from registration under the Securities Act. In the event the Company becomes subject to the
reporting requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, ninety (90)
days thereafter (or such longer period as any market stand-off agreement may require) the
Securities exempt under Rule 701 may be resold, subject to the satisfaction of certain of the
conditions specified by Rule 144, including: (1) the resale being

 

 

made through a broker in an unsolicited “broker’s transaction” or in transactions directly
with a market maker (as said term is defined under the Securities Exchange Act of 1934); and, in
the case of an affiliate, (2) the availability of certain public information about the Company, (3)
the amount of Securities being sold during any three (3) month period not exceeding the limitations
specified in Rule 144(e), and (4) the timely filing of a Form 144, if applicable.

          In the event that the Company does not qualify under Rule 701 at the time of grant of the
Option, then the Securities may be resold in certain limited circumstances subject to the
provisions of Rule 144, which requires the resale to occur not less than one (1) year after the
later of the date the Securities were sold by the Company or the date the Securities were sold by
an affiliate of the Company, within the meaning of Rule 144; and, in the case of acquisition of the
Securities by an affiliate, or by a non-affiliate who subsequently holds the Securities less than
two (2) years, the satisfaction of the conditions set forth in sections (1), (2), (3) and (4) of
the paragraph immediately above.

          (d) Optionee further understands that in the event all of the applicable requirements of Rule
701 or 144 are not satisfied, registration under the Securities Act, compliance with Regulation A,
or some other registration exemption will be required; and that, notwithstanding the fact that
Rules 144 and 701 are not exclusive, the Staff of the Securities and Exchange Commission has
expressed its opinion that persons proposing to sell private placement securities other than in a
registered offering and otherwise than pursuant to Rules 144 or 701 will have a substantial burden
of proof in establishing that an exemption from registration is available for such offers or sales,
and that such persons and their respective brokers who participate in such transactions do so at
their own risk. Optionee understands that no assurances can be given that any such other
registration exemption will be available in such event.

	 	 	 
	 

	 	OPTIONEE
	 
	 	 
	 
	 	 
	 

	 	 
	 

	 	Signature
	 
	 	 
	 
	 	 
	 

	 	 
	 

	 	Print Name
	 
	 	 
	 
	 	 
	 

	 	 
	 

	 	Date

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