Document:

exv4w3

 

Exhibit 4.3

THE CRONOS GROUP

2005 EQUITY INCENTIVE PLAN

RESTRICTED STOCK

AWARD AGREEMENT

          Unless otherwise defined herein, the terms defined in The Cronos Group 2005 Equity Incentive
Plan (the “Plan”) shall have the same defined meanings in this Award Agreement
(“Award”).

     I. NOTICE OF GRANT

	 	 	 	 	 
	 

	 	 
	 	 
	 

	 	 
	 

	 	 
	 	 

          Name and Address of Participant

          You have been granted restricted stock, par value $2.00 per share, of The Cronos Group (the
“Company”) subject to the terms and conditions of the Plan and this Award, as follows:

          Name of Employer:                                        

          Date of Grant:                                         

          Total Number of Shares of Restricted Stock Granted:                    

          (“Restricted Stock”)

          Vesting Schedule/Lapse of Restrictions.

          (a) This award shall vest in full on the fourth (4th) anniversary of the Date of Grant,
conditioned upon your continued employment with Employer* through the fourth (4th)
anniversary of the Date of Grant, unless vesting is accelerated as set forth in subsection (b)
below.

          (b) Notwithstanding the provisions of subsection (a) above:

               (i) the Restricted Stock granted by this Award shall fully vest upon the termination of
Participant’s employment with Employer by reason of death or Disability or by Employer for reasons
other than Cause; and

               (ii) upon termination of Participant’s employment with Employer due to a Qualified Retirement,
a portion of the Restricted Stock subject to this

 

	* For purposes of this Award, “Employer” includes any direct or indirect subsidiary of the
Company.

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Award and not then vested shall nevertheless vest and any restrictions on the Restricted Stock
shall lapse, with respect to that portion of the Restricted Stock subject to this Award determined
by multiplying the number of shares of Restricted Stock not vested by a percentage, the numerator
of which is equal to the number of full months of service since the Date of Grant and the
denominator of which is 48, rounded down to the nearest whole share of Restricted Stock.

          (c) The Compensation Committee of the Company (the “Committee”), in its sole
discretion, may accelerate or waive the restrictions on the Restricted Stock granted by this Award,
in whole or in part, based on service, performance or such other factors and criteria as the
Committee may determine in its sole discretion.

II. AGREEMENT

          1. Stock Certificates.

          (a) The stock certificates evidencing the Restricted Stock awarded hereunder shall be
delivered to and held in custody by the Company, or its designee, until the restrictions thereon
shall have lapsed or any conditions to the vesting of this award have been satisfied. As a
condition to the issuance of the Restricted Stock granted by this Award, the Participant shall
deliver to the Company a Stock Power in the form annexed hereto as Exhibit A duly endorsed
in blank.

          (b) Unless otherwise determined by the Committee, any certificate issued in respect of the
Restricted Stock shall bear the following legend:

“This certificate and the shares of stock represented hereby are subject to the terms and
conditions, including forfeiture provisions and restrictions against transfer, contained in
The Cronos Group’s 2005 Equity Incentive Plan and an agreement entered into between the
registered owner and The Cronos Group. Any attempt to dispose of these shares in
contravention of the applicable restrictions, including by way of sale, assignment,
transfer, pledge, hypothecation or otherwise, shall be null, void and without effect.”

          2. Dividends and Voting Rights. Cash dividends on the Restricted Stock shall only be paid on
Restricted Stock that has vested, and the Participant shall not have the right to vote with respect
to the Restricted Stock until such shares have vested. Stock dividends issued with respect to
Restricted Stock shall be treated as additional shares of Restricted Stock that are subject to the
same restrictions and other terms and conditions that apply to the shares with respect to which
such dividends are issued.

          3. Non-Transferability of Restricted Stock. Subject to the Committee’s discretion under the
Plan to waive such restrictions, the Restricted Stock shall not be sold, transferred, pledged,
assigned or otherwise encumbered until vested. The terms of the Plan and this Award shall be
binding upon the executors, administrators, heirs, successors and assigns of the Participant.

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          4. Tax Consequences.

          (a) Participant hereby acknowledges that Participant has: (i) received and read the Company’s
Prospectus, dated July 15, 2005, “The Cronos Group, 2005 Equity Incentive Plan,” including the
summary of the tax consequences of the award of the Restricted Stock, and (ii) been advised to
consult his or her tax adviser with respect to this award of Restricted Stock.

          (b) The Participant shall pay to Employer promptly upon request, and in any event at the time
the Participant recognizes taxable income in respect of the Restricted Stock, an amount equal to
the taxes Employer determines it is required to withhold under applicable tax laws with respect to
the Restricted Stock. Such payment shall be made in the form of cash or Stock, including
unrestricted Stock owned by the Participant or Restricted Stock that
is granted by this Award;
provided, that any election by a Section 16 Participant to settle such tax withholding obligation
with Stock owned by the Participant shall be subject to prior approval by the Committee, in its
sole discretion.

          (c) The Participant shall promptly notify Employer of any election made pursuant to Section
83(b) of the Code and shall provide Employer with a copy of such election. The Participant shall
be solely responsible for properly and timely completing and filing such election.

          5. Entire Agreement.

          (a) The Plan is incorporated herein by reference. The Plan and this Award constitute the
entire agreement of the parties with respect to the subject matter hereof and supersede in their
entirety all prior undertakings and agreements of the Company and the Participant with respect to
the subject matter hereof, and may not be modified adversely to the Participant’s interest except
by means of a writing signed by the Company and Participant.

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

          6. Right to Employment. Neither the Plan nor this Award shall confer on any Participant any
right to be retained, in any position, as an employee, consultant, or director of the Company or
Employer.

          7. Severability. The provisions of this Award are severable and if any one or more provisions
are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining
provisions shall nevertheless be binding and enforceable.

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          8. Award Subject to Plan. This Award is subject to the Plan, as approved by the shareholders
of the Company. The terms and the provisions of the Plan as it may be amended from time to time
are incorporated herein by reference. In the event of a conflict between any term or provision
contained herein and a term or provision of the Plan, the applicable terms and provisions of the
Plan will govern and prevail.

          9. Amendment. This Award may be amended or modified at any time by an instrument in writing
signed by the parties hereto.

          10. Governing Law. This Award shall be governed by and construed in accordance with the laws
of Employer’s state of organization if Employer is a U.S. corporation or Employer’s place of
organization if Employer is a foreign corporation or entity.

          11. Adjustments. If the number of shares of outstanding Stock of the Company is changed as a
result of a stock dividend, stock split or the like without additional consideration to the
Company, the number of shares of Restricted Stock subject to this Award shall be adjusted to
correspond to such change.

 

          IN WITNESS WHEREOF, the Company and Participant have executed this Award as of the Date of
Grant specified above.

	 	 	 	 	 
	 	 	THE CRONOS GROUP
	 
	 	 	 	 
	 

	 	By	 	 
	 

	 	 	 	 
	 

	 	 	 	Dennis J. Tietz
	 

	 	 	 	Chief Executive Officer

	 	 	 	 	 
	 	 	PARTICIPANT
	 
	 	 	 	 
	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 

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CONSENT OF SPOUSE

          The undersigned spouse of Participant has read and hereby approves the terms and conditions of
the Plan and this Award. In consideration of the Company’s granting his or her spouse the
Restricted Stock as set forth in the Plan and this Award, the undersigned hereby agrees to be
irrevocably bound by the terms and conditions of the Plan and this Award and further agrees that
any community property interest shall be similarly bound. The undersigned hereby appoints the
undersigned’s spouse as attorney-in-fact for the undersigned with respect to any amendment or
exercise of rights under the Plan or this Award.

	 	 	 	 	 
	SPOUSE OF PARTICIPANT	 	 
	 
	 	 	 	 
	 	 	 
	(signature)
	 	 	 	 
	Print Name:
	 	 	 	 

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EXHIBIT A

STOCK POWER

          For
value received, I hereby sell, assign and transfer unto
          ,            common shares of The Cronos
Group (the “Company”) standing in my name on the books of the Company represented by
Certificate(s) Number(s)           attached hereto, and do hereby irrevocably constitute and appoint Peter J.
Younger and Elinor A. Wexler, and each of them, to transfer the said stock on the books of the
Company with full power of substitution in the premises.

	 	 	 	 	 	 	 	 	 	 	 
	Dated:
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Printed Name:	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	Social Security Number:	 	 
	 

	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Witness Signature:	 	 
	 

	 	 	 	 	 	 	 	 

 

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EXHIBIT 10.1

INDEMNIFICATION AGREEMENT

     THIS AGREEMENT is made as of this ___day of ___, 200___between Centex
Corporation, a Nevada corporation (“the Corporation”), and ___(“Director”).

R E C I T A L S

     Director is a member of the Board of Directors of the Corporation (the “Board”) and in such
capacity is performing a valuable service for the Corporation.

     The stockholders of the Corporation have adopted articles of incorporation (the “Articles”)
and by-laws (the “By-laws”) providing for the indemnification of the directors, officers, employees
and agents of the Corporation to the maximum extent authorized by Section 78.751 of the Nevada
Revised Statutes of 1957, as amended to date (the “State Statute”).

     The Articles, By-laws and the State Statute specifically provide that they are not exclusive,
and thereby contemplate that contracts may be entered into between the Corporation and the members
of its Board with respect to indemnification of such Directors; and in order to induce Director to
continue to serve as a member of the Board, the Corporation has determined and agreed to enter into
this contract with Director.

W I T N E S S E T H

     NOW THEREFORE, in consideration of Director’s continued service as a director of the
Corporation from and after the date hereof, the parties hereto agree as follows:

     1. Statutory Indemnity. The Corporation hereby agrees to hold harmless and indemnify Director
to the full extent authorized or permitted by the provisions of the State Statute, or by any
amendment thereof or other statutory provisions authorizing or permitting such indemnification
which is adopted after the date hereof.

     2. Additional Indemnity. Subject only to the limitations set forth in Section 3 hereof, the
Corporation hereby further agrees to hold harmless and indemnify Director:

     (a) Against any and all expenses (including attorneys’ fees), judgments, fines and
amounts paid in settlement actually and reasonably incurred by Director in connection with
any threatened, pending or completed action, suit or proceeding, whether civil, criminal,
administrative or investigative (including an action by or in the right of the Corporation)
to which Director is, was or at any time becomes a party, or is threatened to be made a
party, by reason of the fact that Director is or was a director of the Corporation; and

     (b) Otherwise to the fullest extent as may be provided to Director by the Corporation
under the non-exclusivity provisions of Article Tenth of the Articles, Article VI of the
By-laws, and the State Statute.

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     3. Limitations on Additional Indemnity. No indemnity pursuant to Section 2 hereof shall be
paid by the Corporation:

     (a) Except to the extent the aggregate of losses to be indemnified thereunder exceed
the sum of $1,000 plus the amount of such losses for which Director is indemnified pursuant
to Section 1 hereof; or

     (b) In respect of remuneration paid to Director if it shall be determined by a final
judgment or other final adjudication that such remuneration was in violation of law; or

     (c) On account of any suit in which judgment is rendered against Director for an
accounting of profits made from the purchase and sale or sale and purchase by Director of
securities of the Corporation pursuant to the provisions of Section 16(b) of the Securities
and Exchange Act of 1934 and amendments thereto or similar provisions of any federal, state
or local statutory law; or

     (d) On account of Director’s conduct which is finally adjudged to have been knowingly
fraudulent, deliberately dishonest or willful misconduct; or

     (e) If a final decision by a court having jurisdiction in the matter shall determine
that such indemnification is not lawful.

     4. Continuation of Indemnity. All agreements and obligations of the Corporation contained
herein shall continue during the period Director is a director of the Corporation and shall
continue thereafter so long as Director shall be subject to any possible claim or threatened,
pending or completed action, suit or proceeding, whether civil, criminal, administrative or
investigative, by reason of the fact that Director was a director of the Corporation.

     5. Notification and Defense of Claim. Promptly after receipt by Director of notice of the
commencement of any action, suit or proceeding, Director will, if a claim in respect thereof is
made against the Corporation under this Agreement, notify the Corporation of the commencement
thereof; but the omission so to notify the Corporation will not relieve it from any liability which
it may have to Director otherwise than under this Agreement. With respect to any such action, suit
or proceeding as to which Director notifies the Corporation of the commencement thereof:

     (a) The Corporation will be entitled to participate therein at its own expense; and

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     (b) Except as otherwise provided below, to the extent that it may wish, the Corporation
jointly with any other indemnifying party similarly notified shall be entitled to assume the
defense thereof, with counsel satisfactory to Director. After notice from the Corporation
to Director of its election so to assume the defense thereof, the Corporation will not be
liable to Director under this Agreement for any legal or other expenses subsequently
incurred by Director in connection with the defense thereof other than reasonable cost of
investigation or as otherwise provided below. Director shall have the right to employ his
own counsel in such action, suit or proceeding but the fees and expenses of such counsel
incurred after notice from the Corporation of its assumption of the defense thereof shall be
at the expense of Director unless (i) the employment of counsel by Director has been
authorized by the Corporation, (ii) Director shall have reasonably concluded that there may
be a conflict of interest between the Corporation and Director in the conduct of the defense
of such action or (iii) the Corporation shall not in fact have employed counsel to assume
the defense of such action, in each of which cases the fees and expenses of counsel shall be
at the expense of the Corporation. The Corporation shall not be entitled to assume the
defense of any action, suit or proceeding brought by or in the right of the Corporation or
as to which Director shall have made the conclusion provided for in (ii) above.

     (c) The Corporation shall not be liable to indemnify Director under this Agreement for
any amounts paid in settlement of any claim or of any action, suit or proceeding effected
without its written consent. The Corporation shall not settle any claim or any action, suit
or proceeding in any manner that would impose any penalty or limitation on Director without
Director’s written consent. Neither the Corporation nor Director will unreasonably withhold
such party’s consent to pay any proposed settlement.

     6. Repayment of Expenses. Director agrees that Director will reimburse the Corporation for
all reasonable expenses paid by the Corporation in defending any civil or criminal action, suit or
proceeding against Director in the event and only to the extent that it shall ultimately be
determined that Director is not entitled to be indemnified by the Corporation for such expenses
under the provisions of the State Statute, the Articles, the By-laws, this Agreement or otherwise.

     7. Enforcement.

     (a) The Corporation confirms that it has entered into this Agreement and assumed the
obligations imposed on the Corporation hereby in order to induce Director to serve as a
director of the Corporation, and acknowledges that Director is relying upon this Agreement
in continuing in such capacity.

     (b) In the event Director is required to bring any action to enforce rights or to
collect moneys due under this Agreement and is successful in such action, the Corporation
shall reimburse Director for all Director’s reasonable fees and expenses in bringing and
pursuing such action.

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     8. Separability. Each of the provisions of this Agreement is a separate and distinct
agreement and independent of the others, so that if any provision hereof shall be held to be
invalid or unenforceable for any reason, such invalidity or unenforceability shall not affect the
validity or enforceability of the other provisions hereof.

     9. Governing Law; Binding Effect; Amendment and Termination; No Third Party Benefit.

     (a) This Agreement shall be interpreted and enforced in accordance with the laws of the
State of Nevada.

     (b) This Agreement shall be binding upon the Corporation, its successors and assigns,
and shall inure to the benefit of Director, his heirs, personal representatives and assigns
and to the benefit of the Corporation, its successors and assigns.

     (c) No amendment, modification, termination or cancellation of this Agreement shall be
effective unless in writing signed by both parties hereto.

     (d) Nothing in this Agreement, whether expressed or implied, is intended to confer any
rights or remedies under or by reason of this Agreement on any person other than the parties
to this Agreement and their respective heirs, personal representatives, successors and
assigns.

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement on and as of the day and
year first above written.

	 	 	 	 	 
	 	CENTEX CORPORATION

 	 
	 	By:  	 	 
	 	 	Timothy R. Eller 	 
	 	 	Chairman of the Board 	 
	 

	 	 	 	 	 
	 	 

 

Director

 	 
	 	 	 
	 	 	 
	 	 	 
	 

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