Document:

formnoncompeteagreement

                                                                        NON-COMPETITION AGREEMENT      In consideration of TrueBlue, Inc., or the TrueBlue, Inc. subsidiary, affiliate, related business entity,  successor, or assign (collectively TrueBlue, Inc. and all of its present and future subsidiaries, affiliates,  related business entities, success and assigns are referred to herein as “TrueBlue or “Company”) employing  me, compensating me, providing me with benefits, providing me with administrative support, providing me  with the benefit of Company’s research, know-how, market strategies and business plans, and specifically  in consideration of the additional consideration provided in the Employment Agreement executed on or  about the date set forth below, the adequacy, sufficiency and receipt of which is hereby acknowledged, and  intending to be legally bound, I, ___________ (“Employee”),  hereby acknowledge that I understand and  agree that the provisions hereof are part of and a condition of my employment with Company, and are  effective as of the date first set forth below.  I also understand that I may be required to execute additional  non-competition agreement(s) relating to the Company’s business outside of the United States, and that any  such agreement(s) will be supplemental to, and not replace, this Agreement.    I.  NON-COMPETITION, NON-INTERFERENCE, NON-SOLICITATION, AND  CONFIDENTIALITY         A.  Definitions.         1.     “Business Area” means any state, county or city in the United States and any foreign  country, state or province in which, during the period of Employee’s employment with Company, Company  conducts or is seriously evaluating whether to conduct business, including expansion of its business lines  or services domestically or internationally.  Employee acknowledges that as a member of the Company’s  senior leadership team, Employee’s services are integral to conducting business and expanding business  domestically and internationally.           2.      “Candidate” means, any individual who has applied for and/or accepted placement in a  job by Company with a Client, and (i) about whom Employee obtained information, or (ii) with whom  Employee interacted on behalf of Company.         3.     “Client” means, any individual, business or other entity to which Company provided any  services, prior to Employee’s last date of employment with Company.         4.     “Colleague” means any Company employee who has been employed by Company during  the six months prior to the termination of Employee’s employment with Company.          5.     “Confidential Information” means, whether original, duplicated, computerized,  memorized, handwritten, or in any other form, and all information contained therein, including, without  limitation: (a) the ideas, methods, techniques, formats, specifications, procedures, designs, strategies,  systems, processes, data and software products which are unique to Company; (b) all of Company’s  business plans,  present, future or potential customers or clients (including the names, addresses and any  other information concerning any customer or client), marketing, marketing strategies, pricing and financial  information, research, training, know-how, operations, processes, products, inventions, business practices,  databases and information contained therein, its wage rates, margins, mark-ups, finances, banking, books,  records, contracts, agreements, principals, vendors, suppliers, contractors, employees, applicants,  Candidates, skill sets of applicants, skill sets of Candidates, marketing methods, costs, prices, price  structures, methods for calculating and/or determining prices, contractual relationships, business  relationships, compensation paid to employees and/or contractors, and/or other terms of employment,  employee evaluations, and/or employee skill sets; (c) the content of all of Company’s operations, sales and       ,                                                                           - 1 - 

 

training manuals; (d) all other information now in existence or later developed which is similar to the  foregoing; (e) all information which is marked as confidential or explained to be confidential or which, by  its nature, is confidential or otherwise constitutes the intellectual property or proprietary information of  Company; and/or (f) any of Company’s “trade secrets”.  For the purposes of this Section, all references to,  and agreements regarding, Confidential Information or Confidential Information of Company also apply to  Confidential Information belonging to any affiliate of Company, and to any confidential or proprietary  information of third party clients that Company has an obligation to keep confidential.  Employee’s  covenants in this Section shall protect affiliates and clients of Company to the same extent that they protect  Company. Confidential Information shall not include any portion of the foregoing which (i) is or becomes  generally available to the public in any manner or form through no fault of Employee, or (ii) is approved  for Employee’s disclosure or use by the express written consent of the Chief Employee Officer of Company,  Inc.           6.     “Conflicting Organization” means, any person, entity or organization engaged (or about  to become engaged) in a business similar to, or that competes with, the business of Company, including  without limitation any person or organization that provides any product, process or service that is similar  to or competes with any product, process or service provided by Company.  The term “Conflicting  Organization” specifically includes without limitation any person, entity or organization that provides  temporary and/or permanent staffing services, outsourced human capital services focused on recruitment  (RPO), workforce management, managed service providers (MSP), a technology provider that provides  temporary staffing through electronic means, or applicant process outsourcing.            B.  Confidentiality, Non-Disclosure and Non-Use Obligations.             1.    Employee agrees that all records and Confidential Information obtained by Employee as a  result of Employee’s employment with Company, whether original, duplicated, computerized, memorized,  handwritten, or in any other form, and all information contained therein, are confidential and the sole and  exclusive property of Company.  Employee understands and agrees that the business of Company and the  nature of Employee’s employment will require Employee to have access to Confidential Information of and  about Company, its business, its Candidates, and its Clients.  During Employee’s employment and  thereafter, Employee will not use Confidential Information or remove any such records from the offices of  Company except for the sole purpose of conducting business on behalf of Company.  Employee further  agrees that during Employee’s employment and thereafter, Employee will not divulge or disclose this  Confidential Information to any third party and under no circumstances will Employee reveal or permit this  information to become known by any competitor of Company.           2.    Employee agrees and acknowledges that all Confidential Information is to be held in  confidence and is the sole and exclusive property of Company and/or its affiliates or clients.  Employee  recognizes the importance of protecting the confidentiality and secrecy of Confidential Information.   Employee agrees to use Employee’s best efforts to protect Confidential Information from unauthorized  disclosure to others.  Employee understands that protecting Confidential Information from unauthorized  disclosure is critically important to Company’s success and competitive advantage, and that the  unauthorized use or disclosure of Confidential Information would greatly damage Company.  Employee  recognizes and agrees that taking and using Confidential Information, including trade secrets, by memory  is no different from taking it on paper or in some other tangible form, and that all of such conduct is  prohibited.  Employee agrees that, prior to use or disclosure, Employee will request clarification from  Company’s legal department if Employee is at all uncertain as to whether any information or materials are  “Confidential Information.”            3.    During Employee’s employment and in perpetuity after the termination of Employee’s  employment for any or no cause or reason, Employee agrees:  (a) not to use any Confidential Information                                          - 2 -  

 

for the benefit of any person (including, without limitation, Employee’s benefit) or entity other than  Company; and (b) not to, except as necessary or appropriate for Employee to perform Employee’s job  responsibilities, disclose any Confidential Information to others, or remove any such records from the  offices of Company except for the sole purpose of conducting business on behalf of Company.   If at any  time Employee ever believes that any person has received or disclosed or intends to receive or disclose  Confidential Information without Company’s consent, Employee agrees to immediately notify Company.           4.    At any time during Employee’s employment upon Company’s request, and at the end of  Employee’s employment with Company, even without Company’s request, Employee covenants, agrees  to, and shall immediately return to Company, at its headquarters, all Confidential Information as defined  herein, and all other material and records of any kind concerning Company’s business, and all other property  of Company that Employee may possess or control.             5.    At all times, Employee agrees not to directly or indirectly take, possess, download, allow  others to take or possess or download, provide to others, delete or destroy or allow others to delete or  destroy, any of Company’s Confidential Information or other property, other than in the normal course of  business.          6.     Employee agrees that these covenants are necessary to protect Company’s Confidential  Information, and Company’s legitimate business interests (including, without limitation, the confidentiality  of Company’s business information and other legitimate interests), in view of Employee’s key role with  each branch of Company and its affiliates and the extent of confidential and proprietary information about  the entire Company and its affiliates and clients to which Employee has information.  Company and  Employee agree that the provisions of this Section do not impose an undue hardship on Employee and are  not injurious to the public; that they are necessary to protect the business of Company and its affiliates and  clients; that the nature of Employee’s responsibilities with Company under this Agreement and Employee’s  former responsibilities with Company provide and/or have provided Employee with access to Confidential  Information that is valuable and confidential to Company; that Company would not employ or continue to  employ Employee if Employee did not agree to the provisions of this Section; that this Section is reasonable  in its terms and that consideration supports this Section, including new consideration as set forth in the  Employee Employment Agreement.           7.     Employee agrees to notify Company (Human Resources) if he becomes aware that others  are using, wrongfully disclosing, downloading, making copies of, taking, possessing, downloading, deleting  or destroying confidential information.            C.  Duty of Loyalty.                  1.     Employee agrees that at all times during Employee’s employment with Company;  Employee owes Company a duty of loyalty and a duty to act in good faith.  Employee agrees that during  Employee’s employment, Employee will not individually, or in combination with any other Employee,  individual, or competitor of Company, violate or breach the terms of this Agreement.                2.     Employee agrees to devote all time that is reasonably necessary to execute and complete  Employee’s duties to Company.  During the time necessary to execute Employee’s duties, Employee agrees  to devote Employee’s full and undivided time, energy, knowledge, skill and ability to Company’s business,  to the exclusion of all other business and sideline interests.  Because of the agreement in the preceding  sentence, during Employee’s employment with Company, Employee also agrees not to be employed or  provide any type of services, whether as an advisor, consultant, independent contractor or otherwise in any  capacity elsewhere unless first authorized, in writing, by a proper representative of Company.   Notwithstanding the foregoing, nothing in this Agreement shall be deemed to prohibit Executive from                                          - 3 -  

 

serving on corporate, industry, civic or charitable boards or committees, or authoring articles/books, so long  as such activities do not interfere in any respect with the performance of Executive’s responsibilities as an  employee of the Company in accordance with this Agreement. In no event will Employee allow other  activities to conflict or interfere with Employee’s duties to Company.  Employee agrees to faithfully and  diligently perform all duties to the best of Employee’s ability.  Employee recognizes that the services to be  rendered under this Agreement require certain training, skills and experience, and that this Agreement is  entered into for the purpose of obtaining such service for Company.  Upon request, Employee agrees to  provide Company with any information which Employee possesses relating to company business and which  will be of benefit to Company.  Employee agrees to perform Employee’s duties in a careful, safe, loyal and  prudent manner.  Employee agrees to conduct him/herself in a way which will be a credit to Company’s  reputation and interests, and to otherwise fulfill all fiduciary and other duties Employee has to Company.             D.  Return of Information, Records, and Materials.             1.    Employee agrees that upon the termination of Employee’s employment with Company or  at the request of Company at any time, Employee will immediately deliver to Company all Company  property, including without limitation all information, records, materials, and copies thereof in any form  whatsoever, that are related in any way to Company or its business, or which are otherwise referred to in  Sections I.A.5 and I.B. above.          2.    Employee acknowledges and agrees that unless otherwise expressly prohibited by law,  Company has the complete right to review, inspect and monitor all Company property, including, without  limitation, email, voicemail, and computer property of Company, and to review, inspect and monitor  Employee’s use of the internet or other computer related transmission of information, including, without  limitation, the identity and use of USB and other computer related drives.  Employee acknowledges that  Employee has no expectation of privacy in Company’s property, including, without limitation, email,  voicemail, and computer property.          E.   Non-Competition Covenant.             1.  Employee agrees that during Employee’s employment with Company and for a period of twelve  (12) months following the termination of Employee’s employment for any reason, Employee shall not,  directly or indirectly, in any Business Area, engage in, work for, provide services to, own, manage, operate,  control or otherwise engage or participate in, or be connected as an owner, partner, principal, creditor,  salesman, guarantor, advisor, member of the board of directors of, Employee of, independent contractor of,  or consultant to, any Conflicting Organization.  The restrictions in this Section I.E.1 include without  limitation the solicitation on behalf of a Conflicting Organization of any Client located in any Business  Area (e.g., Employee may not on behalf of a Conflicting Organization solicit a Client located within a  Business Area by telephoning the Client from a site located outside the Business Area).           2.    Notwithstanding the foregoing provisions of Section I.E and the restrictions set forth   therein, Employee may own securities in any publicly held corporation that is covered by the restrictions   set forth in Section I.E, but only to the extent that Employee does not own, of record or beneficially, more   than 5% of the outstanding beneficial ownership of such corporation.          F.  Non-Solicitation/Non-Interference with Employees/Candidates.            1.  Employee acknowledges that Company has a legitimate protectable interest in maintaining a  stable and undisrupted workforce.  Employee agrees that during Employee’s employment and for a period  of twenty-four (24) months following the termination of Employee’s employment for any reason, Employee                                          - 4 -  

 

will not, directly or indirectly, on behalf of himself/herself, or on behalf of any other person, entity, or  organization, employ, solicit for employment, or otherwise seek to employ or retain any Colleague, or in  any way assist or facilitate any such employment, solicitation, or retention effort.            2.  Employee agrees that during Employee’s employment and for a period of twenty-four (24)  months following the termination of Employee’s employment for any reason, Employee shall not, directly  or indirectly, engage in any conduct intended or reasonably calculated to induce or urge any Colleague to  discontinue, in whole or in part, his/her employment relationship with Company.          3.  Employee agrees that during Employee’s employment and for a period of twenty-four (24)  months following the termination of Employee’s employment for any reason, Employee will not directly  or indirectly, on behalf of himself/herself, or on behalf of any other person, entity, or organization, initiate  contact with any Candidate for the purpose of employing, soliciting for employment, or otherwise seeking  to employ or retain any Candidate.          G.  Non-Solicitation/Non-Interference with Clients.            1.  During Employee’s employment and for a period of twenty-four (24) months following the  termination of Employee’s employment for any reason, Employee shall not, directly or indirectly, solicit  any Client for the purpose of providing temporary and/or permanent staffing services on behalf of a  Conflicting Organization.  Employee’s agreement “not to solicit” as set forth in this Section I.G.1 means  that Employee will not, either directly or indirectly, for any reason, initiate any contact or communication  with any Client for the purpose of soliciting, inviting, encouraging, recommending or requesting any Client  to do business with Employee and/or a Conflicting Organization in connection with the provision of  temporary and/or permanent staffing services.          2.  During Employee’s employment and for a period of twenty-four (24) months following the  termination of Employee’s employment for any reason, Employee shall not, directly or indirectly, engage  in any conduct intended or reasonably calculated to induce or urge any Client to discontinue, in whole or  in part, its patronage or business relationship with Company.            3.  During Employee’s employment and for a period of twenty-four (24) months following the  termination of Employee’s employment for any reason, Employee shall not, directly or indirectly, accept  any business from, or do any business with, any Client in connection with the provision of temporary and/or  permanent staffing services.            H.  Representations and Acknowledgments of Employee.            Employee represents that:           1.  Employee is familiar with the covenants not to compete and not to interfere with Clients,  Candidates and Employees set forth in Article I of this Agreement;          2.  Company has a legitimate business interest in enforcement of the restrictions contained in  Article I, including without limitation, Company’s need to protect the goodwill of Company, its investment  in training of the Employee, the client relationships of Company, the stability of Company’s workforce,  and the confidentiality of Company’s business information and other legitimate interests;          3.  Employee is fully aware of Employee’s obligations under this Agreement, including, without  limitation, the length of time, scope and geographic coverage of these covenants and has had an opportunity  to consult an attorney and Company and Employee agree that the provisions of Article I do not impose an                                          - 5 -  

 

undue hardship on Employee and are not injurious to the public; that they are necessary to protect the  business of Company and its affiliates and clients; that the nature of Employee’s responsibilities with  Company under this Agreement and Employee’s former responsibilities with Company provide and/or have  provided Employee with access to Confidential Information that is valuable and confidential to Company;  that Company would not employ or continue to employ Employee if Employee did not agree to the  provisions of Article I; that Article I is reasonable in its terms and that consideration supports Article I,  including new consideration as set forth in the Employee Employment Agreement;           4.  Employee’s execution of this agreement, and Employee’s employment by Company, does not  violate any agreement that Employee has entered into with a third party, and Employee acknowledges that  any inaccuracy in this representation and warranty will constitute grounds for Employee’s immediate  termination by Company which will, upon any such termination, have no further obligation to Employee.   Employee agrees to indemnify and hold Company harmless from any and all suits and claims arising out  of any breach of any terms and conditions contained in any such agreements entered into by Employee; and          5.  Employee understands that the identity of Company’s Clients sometimes may be ascertainable  by observation or through publicly available resources.  Nonetheless, Employee acknowledges that as a  result of Employee’s employment with Company, Employee will be acting as a representative of Company  and will be utilizing Company’s assets, resources and will be benefiting from Company’s goodwill, name  recognition, reputation, and experience in regard to these Clients, and Employee will gain Confidential  Information about these Clients, and consequently, the covenants set forth above are reasonable and  necessary to protect Company’s legitimate business interests.           I.  Injunctive Relief; Further Remedies.  In the event that Employee breaches or threatens to  breach, or Company reasonably believes that Employee is about to breach, any of the covenants of Sections  I.B, I.C, I.D, I.E, I.F, or I.G, Employee understands that Company make seek injunctive relief, equitable  accounting of all earnings, profits and other benefits arising out of this agreement, as well as any other  rights or remedies to which Company may be entitled to under law or equity.  Employee understands that  Company may seek and, upon proper evidence as determined in the appropriate Court of Law, may obtain  a restraining order and injunction ordering:          1.  that Employee immediately return to Company all Confidential Information as defined in this  Agreement, and any other Company property described in Section I.B above, in any form whether original,  copied, computerized, handwritten, or recreated, and that Employee be permanently enjoined and restrained  from using or disclosing all said Confidential Information and records;                  2.  that, during Employee’s employment with Company and for the twelve (12) months following  the termination of Employee’s employment for any reason, Employee be enjoined from engaging in,  working for, providing services to, owning, managing, operating, controlling or otherwise engaging or  participating in, or being connected as an owner, partner, principal, creditor, salesman, guarantor, advisor,  member of the board of directors of, employee of, independent contractor of, or consultant to, any  Conflicting Organization and/or any Client within any Business Area;          3.  that, during Employee’s employment with Company and for a period of twenty-four (24) months  following the termination of Employee’s employment for any reason, Employee be enjoined from  employing, soliciting for employment, or otherwise seeking to employ, retain, divert or take away any  Colleague, or in any other way assisting or facilitating any such employment, solicitation or retention effort;  and further that Employee be enjoined from engaging in any conduct intended or reasonably calculated to  induce or urge any Colleague to discontinue, in whole or in part, his/her employment relationship with  Company;                                                  - 6 -  

 

      4.  that, during Employee’s employment and for a period of twenty-four (24) months following the  termination of Employee’s employment for any reason, Employee be enjoined from directly or indirectly,  on behalf of himself/herself, or on behalf of any other person, entity, or organization, initiating contact with  any Candidate for the purpose of employing, soliciting for employment, or otherwise seeking to employ or  retain any Candidate; and                5.  that, during Employee’s employment with Company and for a period of twenty-four (24) months  following the termination of Employee’s employment for any reason, Employee be enjoined from soliciting  any Client for the purpose of providing temporary and/or permanent staffing services, including without  limitation that Employee be enjoined from initiating any contact or communication with any Client for the  purpose of soliciting, inviting, encouraging, recommending or requesting any Client to do business with a  Conflicting Organization in connection with the provision of temporary and/or permanent staffing services;  and further, that Employee be enjoined from accepting or doing business with any Client in connection with  the provision of temporary and/or permanent staffing services; and further that Employee be enjoined from  engaging in any conduct intended or reasonably calculated to induce or urge any Client to discontinue, in  whole or in part, its patronage or business relationship with Company.                Employee hereby agrees that the duration of any injunction shall be increased in an amount equal  to any period of time during which Employee failed to comply with the covenants contained in this  Agreement.                J.  Notice of Agreement to Subsequent Employers, Business Partners, and/or Investors.    Employee agrees that Employee will tell any prospective new employer, business partners, and/or investors,  prior to accepting employment or engaging in a business venture that this Agreement exists, and further,  Employee agrees to provide a true and correct copy of this Agreement to any prospective employer,  business partner and/or investor prior to accepting employment or engaging in any business venture.   Employee further authorizes Company to provide a copy of this Agreement to any new employer, business  partner and/or investor.          K.  Severability.  Company and Employee stipulate that, in light of all of the facts and  circumstances of the relationship between Employee and Company, the agreements referred to in Sections  I.B, I.C, I.D, I.E, I.F, or I.G (including, without limitation their scope, duration and geographic extent) are  fair and reasonably necessary for the protection of Company, or any of its affiliates’ or subsidiaries’  confidential information, goodwill and other protectable interests.  Employee acknowledges and agrees that  the covenants in I.B, I.C, I.D, I.E, I.F, or I.G of this Agreement are reasonable and valid in geographical  and temporal scope and in all other respects, as are all terms and conditions set forth in this Agreement.  If  any arbitrator or court determines that any of the covenants, terms, or conditions set forth herein, or any  part thereof, is invalid or unenforceable, the remainder of the covenants, terms, and conditions shall not be  affected thereby and shall be given full effect, without regard to the invalid portions.  If any arbitrator or  court determines that any of the covenants, or any part thereof, is unenforceable because of the duration,  geographic or other scope of such provision, such arbitrator or court shall have the power to and should,  and Employee and Company request the arbitrator or court to, reform these provisions to restrict  Employee’s use of confidential information and Employee’s ability to compete with Company,  to the  maximum extent, in time, scope of activities, and geography, the court finds enforceable, and, in its reduced  form, such provision shall then be enforceable.    II.  MISCELLANEOUS PROVISIONS         A.  Choice of Law.  Company and Employee agree that this Agreement and all interpretations of  the provisions of this Agreement will be governed by the laws of the State of Washington, without regard  to choice of law principles.                                          - 7 -  

 

         B.  Jurisdiction and Venue.  Employee and Company hereby irrevocably and unconditionally  submit to the jurisdiction of the Washington State Superior Court for Pierce County, or the United States  District Court, Western District of Washington at Tacoma or to any court in any location where Employee  is threatening to breach or is engaged in breaching the Agreement; Employee and Company consent to  submit to venue and personal jurisdiction of the courts identified herein, and agree to waive any objection  to venue or personal jurisdiction in these courts, including but not limited to any claim that any such suit,  action or proceeding has been brought in an inconvenient forum.            C.  Binding Effect and Assignability.  This Agreement shall be binding upon and inure to the  benefit of the parties hereto and their respective heirs, personal representatives, successors, assigns,  affiliated entities, and any party-in-interest.  Employee agrees and understands that, should Company be  acquired by, merge with, or otherwise combine with another corporation or business entity, the surviving  entity will have all rights to enforce the terms of this Agreement as if it were Company itself enforcing the  Agreement.*  Company reserves the right to assign this Agreement to its affiliates, an affiliated company  or to any successor in interest to Company’s business without notifying Employee, and Employee hereby  consents to any such assignment.  All terms and conditions of this Agreement will remain in effect following  any such assignment.  Notwithstanding the foregoing, Employee may not assign this Agreement.     *Provided that agreement remains related to staffing industry only as therefore it would limit the  Employee’s ability to obtain subsequent gainful employment.            D.  No Waiver of Rights.  A waiver by Company of the breach of any of the provisions of this  Agreement by Employee shall not be deemed a waiver by Company of any subsequent breach, nor shall  recourse to any remedy hereunder be deemed a waiver of any other or further relief or remedy provided for  herein.  No waiver shall be effective unless made in writing and signed by the Chief Employee Officer of  Company, Inc.  This Agreement shall be enforceable regardless of any claim Employee may have against  Company.          E.  Employment at Will.  Nothing by way of this Agreement is intended to, nor shall it, affect the  at-will nature of Employee’s employment with Company.  Employee’s employment with Company shall  terminate at the will of either Employee or Company, with or without cause and with or without notice at  any time.  This at-will relationship cannot be changed or altered in any way unless expressly modified in  writing by the Chief Employee Officer of Company, Inc.  Employee agrees that if Employee elects to  terminate Employee’s employment with Company, Employee will provide Company with two week’s prior  notice of termination.            F.  Attorneys’ Fees. In any suit or proceeding to enforce the terms of this Agreement Employee  and Company agree that the prevailing party in any such dispute shall be paid and indemnified by the non- prevailing party for and against all expenses of every nature and character incurred by in pursuing such suit  or proceeding including, without limitation, all reasonable attorneys’ fees, costs and disbursements.                  G.  Headings for Convenience Only.  The headings contained in this Agreement are for the  convenience of the parties and for reference purposes only and shall not affect in any way the meaning or  interpretation of this Agreement.          H.  Survival.  This Agreement shall survive the termination of Employee’s employment, however  caused.   EMPLOYEE ACKNOWLEDGES AND AGREES THAT EMPLOYEE HAS READ AND  UNDERSTANDS THIS AGREEMENT, THAT EMPLOYEE HAS BEEN GIVEN AN                                          - 8 -  

 

OPPORTUNITY TO CONSULT WITH LEGAL COUNSEL CONCERNING THE TERMS OF  THIS AGREEMENT, AND THAT EMPLOYEE AGREES TO THE TERMS OF THIS  AGREEMENT.    IN WITNESS WHEREOF, and intending to be legally bound hereby, the parties hereto have executed this  Agreement as of the date first written above.         EMPLOYEE     COMPANY    By:       By:          Name:       Name:          Date:       Title:                 Date:                                                      - 9 -restrictedawardexecutive

                                                                                                                                           TRUEBLUE, INC.                        RESTRICTED STOCK GRANT NOTICE & ACKNOWLEDGEMENT                                          (“Grant Notice”)                       (TrueBlue 2016 Omnibus Incentive Plan as Amended and Restated)      TrueBlue, Inc. (the “Company”), pursuant to its TrueBlue 2016 Omnibus Incentive Plan as Amended and Restated (the   “Plan”), grants to Participant named below, as of the Date of Grant, the number of shares of the Company’s common   stock set forth below.  The shares granted hereunder are subject to certain vesting and transfer restrictions as set forth   below and are referred to herein as “Restricted Stock.”  The Restricted Stock is subject to all of the Restricted Stock   Grant Terms and Conditions, attached hereto, and to the terms of the Plan, both of which are incorporated by reference   herein in their entirety.  Copies of the Plan are available upon request.            Participant:      «Full_Name»             Number of Shares of Restricted Stock Granted:   «Shares»            Date of Grant:      February 7, 2020                                              Grant Notice Confirmation Date:     March 7, 2020                        Vesting Terms: Three‐Year Vesting.  The Restricted Stock vests in three equal installments.  One third of the Restricted   Stock will vest on each successive annual anniversary of the Date of Grant, becoming 100% vested on the third annual   anniversary of the Date of Grant, so long as you are employed with the Company or a subsidiary or affiliate of the   Company at such time.      Additional  Terms/Acknowledgements:  Unless  Participant  contacts  the  Company’s  Chief  Legal  Officer’s  office  in   writing within 30 days of the date of this Grant Notice, Participant acknowledges receipt of, and understands and agrees   to, this Grant Notice and the attached Restricted Stock Grant Terms and Conditions, and understands that a copy of the   Plan is available upon request.  Participant further acknowledges that as of the Date of Grant, this Grant Notice, the   Restricted Stock Grant Terms and Conditions, and the Plan set forth the entire understanding between Participant and   the Company regarding the acquisition of the Restricted Stock granted hereunder and supersede all prior oral and   written agreements on that subject. Establishing a brokerage account as set forth below and/or accepting the Restricted   Stock granted hereunder shall constitute agreement to the terms above and any other referenced terms.        Brokerage  Account:  Participant  agrees  to  establish  and  maintain  a  brokerage  account  with  a  financial  institution   designated by the Company, which is currently Merrill Lynch.  The Participant will not be able to accept the award or   sell any shares vested under this agreement until such a brokerage account is created.      TRUEBLUE, INC.            By:                          Signature         Name:  James E. Defebaugh       Title:  EVP, Chief Legal Officer    Date:  February 7, 2020               ATTACHMENTS:  Restricted Stock Grant Terms and Conditions                                                                                                                                                              

 

                                                                                                                               RESTRICTED STOCK GRANT TERMS AND CONDITIONS                                                             Pursuant to your Restricted Stock Grant Notice & Acknowledgment (“Grant Notice”) and these Restricted Stock    Grant  Terms  and  Conditions,  TrueBlue,  Inc.  (the  “Company”)  has  granted  to  you  under  its  TrueBlue  2016  Omnibus    Incentive Plan as Amended and Restated (the “Plan”) the number of shares of the Company’s common stock (“Shares”)    indicated  in  your  Grant  Notice.  The  Shares  are  subject  to  certain  vesting  restrictions  and  are  referred  to  herein  as    “Restricted Stock.”  Defined terms not explicitly defined in these Restricted Stock Grant Terms and Conditions, but defined    in the Plan, shall have the same definitions as in the Plan.  The definitions of “Cause,” “Terminate for Good Reason,” and    “Change of Control” shall be the same as set forth in the Participant’s Employment Agreements (defined below).                      Subject to the limitations contained herein, the provisions of your employment agreement, and, if applicable, any    change in control agreement between you and the Company, (the “Employment Agreements”) shall supersede and control    any conflict between the (a) Employment Agreements and (b) the Grant Notice or these Restricted Stock Grant Terms and    Conditions.  The details of your award are as follows:                    1.     VESTING AND FORFEITURE OF RESTRICTED STOCK.                             (a)    Termination  of  Employment.  Subject  to  the  limitations  contained  herein,  you  will  vest  in  your    Restricted  Stock  as  provided  in  your  Grant  Notice,  provided  that  vesting  will  cease  upon  the  termination  of  your    employment with the Company and its subsidiaries and affiliates.  Any Restricted Stock in which you are not vested    when you terminate employment with the Company and its subsidiaries and affiliates shall be forfeited and ownership    of such Shares shall return to the Company on your employment termination date.                    (b)    Change of Control.  If there is a Change of Control while you are employed by the Company or any    subsidiary or affiliate of the Company, and you are terminated without Cause or you Terminate for Good Reason, your    Restricted Stock shall become immediately 100% vested upon such Change of Control and subsequent termination.                      (c)    Retirement.  If you retire (voluntarily terminate your employment) from the Company, and are: (i) at    least 55 years of age, and (ii) have completed 10 years of service with the Company, then at the time of your termination,    Shares that would normally vest at the next scheduled vesting will be prorated based on the days worked since the last    vesting date and released to you within 30 days of your termination of employment.                            2.     NUMBER OF SHARES OF RESTRICTED STOCK.  The number of Shares of Restricted Stock referenced  in your Grant Notice may be adjusted from time to time for changes in the Company’s capital structure at the Board’s sole  discretion, as provided in the Plan.                    3.     OWNERSHIP AND TAXATION UPON VESTING IN RESTRICTED STOCK.                    (a)    Until you vest in your Restricted Stock, the Restricted Stock shall be held by the Company on your    behalf.  Your ownership of the Restricted Stock shall be evidenced by a stock certificate, appropriate entry on the books    of the Company or of a duly authorized transfer agent of the Company, or other appropriate means as determined by    the Company.  In the event ownership of Shares is prohibited due to foreign exchange, securities regulations, or other    provisions of applicable law, you or, in the event of your death, your legal representative, shall receive cash proceeds in    an amount equal to the value of the Shares otherwise distributable to you upon vesting in the Restricted Stock, net of    the satisfaction of the requirements of Section 3(b) below.                    (b)    Upon vesting in your Restricted Stock, you shall pay, or make adequate arrangements satisfactory to    the Company or a subsidiary or affiliate of the Company to pay, any sums required to satisfy the federal, state, local, and    foreign tax withholding obligations of the Company or a subsidiary or affiliate of the Company, if any, which arise in    connection with your vesting in the Restricted Stock.  You hereby authorize the Company (or a subsidiary or affiliate of    the Company that employs you), at the time your Restricted Stock becomes vested or at any time thereafter, to withhold    from payroll and any other amounts payable to you, and otherwise agree to make adequate provision for, sums to satisfy    the required tax withholdings.  Alternatively, or in addition, if permissible under local law, the Company may (i) sell or    arrange  for  the  sale  of  a  portion  of  the  Restricted  Stock  to  satisfy  the  withholding  obligation  and/or  (ii)  reclaim                                                                                                             

 

                                                                                                       ownership of a portion of the Restricted Stock, provided that the Company shall retake ownership in only the amount    of Shares necessary to satisfy the minimum withholding amount.  You shall pay to the Company (or the subsidiary or    affiliate of the Company that employs you) any amount needed to pay the tax withholding obligations that cannot be    satisfied  by  the  means  previously  described.  The  Company  may  refuse  to  release  the  transfer  restrictions  on  the    Restricted Stock if you fail to meet your tax withholding obligations.                    (c)    In lieu of releasing restrictions on fractional Shares, on the vesting of a fraction of a Share, the Company    shall vest the entire Share where the fraction represents 0.5 or more of the Share and shall not vest any of the Share    where such fraction represents less than 0.5 of the Share.                    (d)    Until your Restricted Stock is evidenced by a stock certificate, appropriate entry on the books of the    Company or of a duly authorized transfer agent of the Company, or other appropriate means, you shall have no right to    vote or receive dividends or any other rights as a shareholder with respect to such Shares.  No adjustment will be made    for a dividend or other right for which the record date is prior to the date you are recorded as the owner of the Shares,    unless the Committee provides you with a dividend equivalent right pursuant to Section 4 of the Plan.                     (e)    By  accepting  the  Grant  Notice  through  accepting  the  Restricted  Stock  grant  at  the  Merrill  Lynch    website, you agree not to sell any of the Shares in which you become vested at a time when applicable laws or Company    policies prohibit a sale.                    4.     TRANSFERABILITY.  Your  right  in  the  Restricted  Stock  awarded  under  the  Grant  Notice  and  any  interest therein may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner, other than  by will or by the laws of descent or distribution, prior to the vesting in respect of such Restricted Stock.                    5.     RESTRICTED STOCK AWARD NOT A SERVICE CONTRACT.  Your award of Restricted Stock is not an  employment  or  service  contract,  and  nothing  in  your  award  shall  be  deemed  to  create  in  any  way  whatsoever  any  obligation on your part to continue in the employ of the Company or a subsidiary or affiliate of the Company, or any  obligation on the  part of  the  Company or  a subsidiary  or affiliate of  the  Company  to  continue your  employment.  In  addition, nothing in your award shall obligate the Company or a subsidiary or affiliate of the Company, their respective  shareholders, boards of directors, officers, or employees to continue any relationship that you might have as a Director or  Consultant for the Company or a subsidiary or affiliate of the Company.                    6.     GOVERNING PLAN DOCUMENT.  Your Restricted Stock award is subject to all the provisions of the  Plan,  the  provisions  of  which  are  hereby  made  a  part  of  your  award,  and  is  further  subject  to  all  interpretations,  amendments, rules, and regulations which may from time to time be promulgated and adopted pursuant to the Plan.  In  the event of any conflict between the provisions of your award or your Employment Agreements and those of the Plan,  the provisions of the Plan shall control.                    7.     STOCKHOLDER RIGHTS.  You will be deemed to be the holder of, and will have all of the rights of a  holder with respect to, any Shares and with respect to your Restricted Stock once your ownership of such Shares or  Restricted Stock is evidenced as set forth in Section 3 above, even if you have not vested in your Restricted Stock, provided,  however, that any dividends paid or distributions made on Restricted Stock in which you are not vested shall be subject  to  the  same  vesting  schedule  as  the  Restricted  Stock  upon  which  the  dividend  is  paid  or  distribution  made,  and  the  Restricted Stock shall be subject to transfer restrictions as set forth in Section 4 above.                     8.     GOLDEN PARACHUTE TAXES.  In the event that any amounts paid or deemed paid to you pursuant to  the Grant Notice are deemed to constitute “excess parachute payments” as defined in Section 280G of the Code (taking  into account any other payments made to you under the Plan and any other compensation paid or deemed paid to you),  or if you are deemed to receive an “excess parachute payment” by reason of the acceleration of vesting of your Restricted  Stock granted under the Plan due to a Change of Control, the amount of such payments or deemed payments shall be  reduced (or, alternatively, the number of Shares of Restricted Stock that become 100% vested shall be reduced), so that  no such payments or deemed payments shall constitute excess parachute payments.  The determination of whether a  payment or deemed payment constitutes an excess parachute payment shall be in the sole discretion of the Company’s  Board.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00304-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00304-of-00352.parquet"}]]