Document:

exv10w1

 

EXHIBIT 10.1

This Agreement is made pursuant and subject to the provisions of the DTE Energy Company
(“Company”) 2006 Long-Term Incentive Plan (“Plan”). Effective XXXXXXXX the Company hereby grants
to XXXXXXXXXX a long-term grant consisting of XXXXX Restricted Shares.

The shares of Restricted Stock shall be original issue shares or shares of Common Stock purchased
by the Company in the open market. A certificate registered in your name, and held by the Company
or its duly authorized representative, shall represent such shares. The certificate shall be
endorsed with an appropriate legend referring to the applicable restrictions. Your right to
receive Restricted Stock vests 3 years from the effective date of the grant and the certificates
will be issued to you shortly thereafter.

By accepting this grant you consent to any action taken under the Plan by the Company’s Board of
Directors and agree to be bound by the terms of this Agreement and the enclosed booklet “DTE Energy
Company Board of Directors Restricted Stock Agreement” which is an integral part of this document.
You will be deemed to have accepted this grant unless you notify the Corporate Secretary in writing
to the contrary.

Anthony F. Earley, Jr.

Chairman & Chief Executive

 

 

 

DTE Energy Company

Board of Directors

Restricted Stock Agreement

DTE Energy Company

Restricted Stock

As a new member of the DTE Energy Company (the “Company”) Board of Directors, (the “Board”) you
have been granted 1,000 shares of Restricted Stock.

The shares of Restricted Stock are shares of DTE Energy common stock that were purchased in the
open market or are original issue shares. Such shares are represented by a certificate or
certificates registered in your name, that are endorsed with an appropriate legend referring to the
restrictions set forth below and held by the Company or its duly authorized representative.

Shareholder Rights

Upon the Grant Date, you have all of the rights of a shareholder with respect to the shares of
Restricted Stock covered by your Grant Agreement; including the right to vote the shares of
Restricted Stock and receive the amount of any dividends that may be paid thereon. Such shares may
not be transferred prior to vesting. Any additional shares of Common Stock or other securities that
you may become entitled to receive pursuant to a stock dividend, stock split, combination of
shares, recapitalization, merger, consolidation, separation or reorganization, or any other change
in the capital structure of the Company shall be subject to the same vesting and transferability
restrictions as the shares of Restricted Stock covered by your Grant Agreement.

Grant Term and Vesting

Your right to receive Restricted Stock will vest 3 years from the Grant Date. If your service as a
Board member ends before your Restricted Stock vest, generally, your rights to any Restricted Stock
will be forfeited. However, in the case of death or disability, you or your designated beneficiary
will retain the rights to a prorated number of shares of Restricted Stock based on the number of
months served as a Board member divided by the total number of months in the vesting period.
Restrictions are lifted and Restricted Stock distributed after death or disability.

Other Information

Beneficiary Designation

You may name any beneficiary to inherit the right to these grants according to the applicable
terms. Each designation will revoke all prior designations and will be effective only when filed
with the Corporate Secretary.

Transferability

Except as provided for separately, these grants are nontransferable and are subject to risk of
forfeiture. You may not sell, transfer, pledge, exchange, or otherwise dispose of these grants or
the right to receive cash or Common Stock thereunder except in the event of your death or
disability. If you have a valid beneficiary designation on file with the Corporate Secretary, your
rights under these grants will pass to your designated beneficiary. Otherwise, your rights under
these grants will pass to your estate or beneficiary in accordance with your will or, if you do not
have a will, your rights under these grants will pass in accordance with the laws of descent and
distribution. The Board, in its sole discretion, may waive the restrictions on transferability with
respect to all or a portion of the shares subject to these grants.

Participant Bound by Plan

You acknowledge that a copy of the DTE Energy Company 2006 Long-Term Incentive Plan (the “Plan”)
has been made available to you and you agree to be bound by all the terms and provisions thereof.
All references herein to the Plan shall mean the Plan as in effect on the Grant Date.

Taxes

You are responsible for paying any applicable federal, state, local or foreign tax in connection
with dividends received from the Restricted Stock or the value of Restricted Stock on the vesting
date. Under the current tax laws, this compensation considered ordinary income.

 

 

This booklet provides an overview of DTE Energy’s Restricted Share Agreement. It does not contain
all of the rules and governing terms included in the Plan. If there are any differences between the
information in this booklet and the Plan documents, the Plan documents will govern. You are
entitled to a copy of the Plan document that governs this grant and may require a copy by
contacting the Corporate Secretary.

This document constitutes part of a prospectus covering shares that have been registered under the
Securities Act of 1933.<PAGE>

                                                                    Exhibit 10.1

                            DIRECTOR VOTING AGREEMENT

     This Director Voting Agreement ("Voting Agreement"), dated as of May 31,
2006, is among Glacier Bancorp, Inc., a Montana corporation ("GBCI"), First
National Bank of Morgan (the "Bank"), and the undersigned, each of whom is a
director ("Director") of the Bank. This Voting Agreement will be effective upon
the signing of the Merger Agreement (defined below).

                                     RECITAL

     As an inducement for GBCI to enter into the Plan and Agreement of Merger
(the "Merger Agreement") dated as of the date hereof, whereby, among other
things, the Bank will merge with and into a national banking association to be
formed by GBCI (the "Merger"), each of the Directors, for himself or herself,
his or her heirs and legal representatives, hereby agrees as follows:

                                    AGREEMENT

1.   VOTING AND OTHER MATTERS. Each of the Directors will vote or cause to be
     voted all shares of Bank common stock that he or she beneficially owns,
     with power to vote or direct the voting of (the "Shares"), in favor of
     approval of the Merger Agreement and the Merger. In addition, each of the
     Directors will (a) recommend to the shareholders of the Bank that they
     approve the Merger Agreement, and (b) refrain from any actions or omissions
     inconsistent with the foregoing, except as otherwise required by law,
     including, without limitation, the Directors' fiduciary duties to the Bank
     and its shareholders.

2.   NO TRANSFER. Until the earlier of the consummation of the Merger or the
     termination of the Merger Agreement, each Director will not sell, permit a
     lien or other encumbrance to be created with respect to, or grant any proxy
     in respect of (except for proxies solicited by the board of directors of
     the Bank in connection with the Bank shareholders' meeting at which the
     Merger is presented for shareholder approval) any Shares, unless all other
     parties to any such sale or other transaction enter into an agreement in
     form and substance satisfactory to GBCI embodying the benefits and rights
     contained in this Voting Agreement.

3.   INDIVIDUAL OBLIGATIONS. Obligations of each of the Directors under this
     Voting Agreement are intended to be several and not joint.

4.   MISCELLANEOUS.

     a.   Severability. If any provision of this Voting Agreement or the
          application of such provision to any person or circumstances will be
          held invalid or unenforceable by a court of competent jurisdiction,
          such provision or application will be unenforceable only to the extent
          of such invalidity or unenforceability, and the remainder of the
          provision held invalid or unenforceable and the application of such
          provision to persons or circumstances, other than the party as to
          which it is held invalid, and the remainder of this Voting Agreement,
          will not be affected.

                                       1

<PAGE>

     b.   Counterparts. This Voting Agreement may be executed in one or more
          counterparts, including facsimile counterparts, each of which will be
          deemed an original, but all of which taken together will constitute
          one and the same document.

     c.   Governing Law. This Voting Agreement will be deemed a contract made
          under, and for all purposes will be construed in accordance with, the
          laws of the State of Utah.

     e.   Remedies. Any breach of this Voting Agreement entitles GBCI to
          injunctive relief and/or specific performance, as well as any other
          legal or equitable remedies GBCI may be entitled to.

     f.   Defined Terms. Unless otherwise defined herein, capitalized terms used
          in this Voting Agreement have the meaning assigned to them in the
          Merger Agreement.

                      SIGNATURES APPEAR ON FOLLOWING PAGE.

                                       2

<PAGE>

This Director Voting Agreement is signed as of May 31, 2006.

GLACIER BANCORP, INC.                    FIRST NATIONAL BANK OF MORGAN

By /s/ Michael J. Blodnick               By /s/ Stanton R. Nielsen
   -----------------------------------      ------------------------------------
   Michael J. Blodnick                      Stanton R. Nielsen
   President & Chief Executive Officer      President & Chief Executive Officer

DIRECTORS:

/s/ Melba F. Brimley                     /s/ Phillip N. Francis
--------------------------------------   ---------------------------------------
Melba F. Brimley                         Phillip N. Francis

/s/ A. Kirk Francis                      /s/ Stanton R. Nielsen
--------------------------------------   ---------------------------------------
A. Kirk Francis                          Stanton R. Nielsen

/s/ George N. Francis                    /s/ Richard K. Sommers
--------------------------------------   ---------------------------------------
George N. Francis                        Richard K. Sommers

/s/ Grant Francis
--------------------------------------
Grant Francis

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