Document:

EX-10.1

Exhibit 10.1

GIBRALTAR INDUSTRIES, INC.

2005 EQUITY INCENTIVE PLAN

 

Award of Restricted Units

 

     THIS AWARD made to Henning N. Kornbrekke (the “Recipient”) as of this 5th day of January,
2009.

Recitals:

     Effective as of April 1, 2005, Gibraltar Industries, Inc. (the “Company”) adopted an equity
based incentive compensation plan known as the Gibraltar Industries, Inc. 2005 Equity Incentive
Plan (the “Plan”).

     The Compensation Committee has recommended to the Board of Directors that the Company grant an
award of Restricted Units to the Recipient under the terms of the Plan.

     In connection with the recommendation of the Compensation Committee described above, the Board
of Directors has approved the granting of an Award of One Hundred Thousand (100,000) Restricted
Units to the Recipient.

     The Plan provides that the terms and conditions of each Award are to be specified in a written
instrument.

     The Compensation Committee has recommended and the Board of Directors has approved, the
issuance of an Award of Restricted Units to the Recipient on the terms and conditions contained in
this instrument.

Grant of Award:

     NOW, THEREFORE, the Company hereby grants to the Recipient, One Hundred Thousand (100,000)
Restricted Units on the following terms and conditions:

     1. Award of Restricted Units. Subject to the terms and conditions of this Award
instrument (“Instrument”), the Recipient is hereby granted an Award of One Hundred Thousand
(100,000) Restricted Units. Any reference in this Instrument to Restricted Units shall be deemed
to refer only to the Restricted Units granted pursuant to the Award reflected in this Instrument
together with any additional Restricted Units credited to the Recipient with respect to the
Restricted Units referred to above pursuant to the anti-dilution provisions of the Plan.

     2. Restriction on Transfer. Except as set forth in Sections 3 and 4 below, the
Restricted Units shall be subject to the Restrictions on transfer set forth in Section 5.02 of the
Plan.

 

 

     3. Lapse of Restrictions; Expiration of Restricted Period. The Restrictions shall
lapse with respect to the Restricted Units awarded by this Instrument and the Restricted Period
shall expire with respect to the total number of Restricted Units as follows: provided that the
Recipient is employed by the Company: (i) the Restrictions shall lapse and expire with respect to
Thirty Three Thousand Three Hundred Thirty Three (33,333) Restricted
Units on January 4, 2010; (ii)
the Restrictions shall lapse and expire with respect to Thirty Three Thousand Three Hundred Thirty
Four (33,333) Restricted Units on January 4, 2011; and (iii) the Restrictions shall lapse and
expire with respect to Thirty Three Thousand Three Hundred Thirty Three (33,334) Restricted Units
on January 4, 2012.

     4. Lapse of Restrictions Upon Certain Terminations of Employment. Notwithstanding any
provisions of Section 5.06 of the Plan to the contrary, if the Recipient’s employment with the
Company is terminated due to his death or as a result of the Recipient being considered disabled
within the meaning of Section 409A(2)C) of the Code, the Restrictions on any Restricted Units which
have not lapsed as of the date the Recipient’s employment is terminated for either such reasons
shall lapse on the date the Recipient’s employment is terminated for either such reasons. In
addition (and notwithstanding any provisions of Section 5.06 of the Plan to the contrary), if the
Recipient’s employment is terminated by the Company for any reason other than “for cause” as
defined in Section 5 below, the Restrictions on any Restricted Units which have not lapsed as of
the date the Recipient’s employment is terminated for any such reasons shall lapse on the earlier
of: (a) the end of the six (6) month period which begins on the first day following the date the
Recipient’s employment is terminated; and (b) the date of the Recipient’s death.

     5. Forfeiture of Restricted Units Upon Certain Terminations of Employment. If the
Recipient’s employment with the Company is terminated either at the election of the Recipient or by
the Company “for cause” as defined in the following sentence, any Restricted Units credited to the
bookkeeping account established for the Recipient in connection with this Award with respect to
which the Restrictions have not lapsed shall be forfeited as of the date the Recipient’s employment
is terminated for either of such reasons. For purposes of this Award, the Recipient’s employment
with the Company shall be deemed to have been terminated “for cause” if the Compensation Committee
determines (and provides the Recipient a written statement of its determination) that the Recipient
has engaged in egregious acts or omissions which have resulted in material injury to the Company
and its business.

     6. Lapse of Restrictions Upon a Change in Control. As provided for by Article 9 of
the Plan, upon the occurrence of a Change in Control, the Restrictions applicable to any Restricted
Units which have not lapsed prior to the date the Change in Control has occurred shall lapse on the
date the Change in Control occurs.

     7. Form of Payment. Except as otherwise provided by Article 9 of the Plan, upon the
lapse of the Restrictions on the Restricted Units contained in this Award, the Company shall issue
to the Recipient a stock certificate representing the number of Shares of Common Stock represented
by the Restricted Units (and any related Dividend Equivalent Units) with respect to which the
Restrictions have lapsed, together with cash equal to the Fair Market Value, determined as of the
date the Restrictions have lapsed, of any fractional Restricted Units as to

-2-

 

which the Restrictions have lapsed.

     8. Applicability of the Plan. Except as otherwise provided by this Instrument, the
terms of the Plan shall apply to the Award described in this Instrument and the rights of the
Recipient with respect to such Award. This Instrument, together with the Plan, contains all the
terms and conditions of the Award described herein and the rights of the Recipient with respect to
such Award.

     9. Notices. Any notices or other communications given in connection with this
Agreement shall be mailed, and shall be sent by registered or certified mail, return receipt
requested, to the indicated address as follows:

If to the Company:

Gibraltar Industries, Inc.

3556 Lake Shore Road

P.O. Box 2028

Buffalo, New York 14219

Attn: Corporate Secretary

If to the Recipient:

Henning N. Kornbrekke

Corporate Headquarters

or to such changed address as to which either party has given notice to the other party in
accordance with this Section 9. All notices shall be deemed given when so mailed, except that a
notice of a change of address shall be deemed given when received.

     10. Defined Terms. Capitalized terms used but not otherwise defined herein shall have
the meaning provided to such terms by the Plan.

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

	 	 	 	 	 
	 	GIBRALTAR INDUSTRIES, INC.

 	 
	 	/s/  Paul M. Murray
 	 
	 	Name:  	Paul M. Murray 	 
	 	Title:  	Senior Vice President of

Human Resources and

Organizational Development 	 
	 

-3-v0901ex10-74.htm

    Exhibit
10.74

     

    SECOND
AMENDMENT TO

    LIMITED
LIABILITY COMPANY INTEREST PURCHASE AGREEMENT

    

    THIS SECOND AMENDMENT TO LIMITED
LIABILITY COMPANY INTEREST PURCHASE AGREEMENT ("Amendment") is made and
entered into as of the 12th day of December, 2008 between En Pointe Technologies
Sales, Inc., a Delaware corporation ("Seller"), and Allied Digital
Services Limited, an Indian limited company ("Buyer").

     

    RECITALS

     

    A.           Seller
and Buyer, have entered into that certain LIMITED LIABILITY COMPANY INTEREST
PURCHASE AGREEMENT dated as of July 9, 2008 ("Agreement"), pursuant to which
Seller has agreed to sell to Buyer and Buyer has agreed to buy from Seller on
the terms and conditions set forth therein, certain interests in En Pointe
Global Services, LLC, a Delaware limited liability company (the
"Company"),  as more particularly described therein, and have
previously entered into a First Amendment to Limited Liability Company Interest
Purchase Agreement (the "First Amendment").

     

    B.           Seller
and Buyer now desire to modify and amend the Agreement and supersede the First
Amendment in the manner set forth herein.

     

    Now,
therefore, in consideration of the mutual covenants and agreements herein
contained and for other good and valuable consideration, including but not
limited to the payment to Seller to be made pursuant hereto, the receipt and
sufficiency of which are hereby acknowledged, Seller and Buyer hereby agree as
follows:

     

    AMENDMENT

     

    1. The
definition of the term "Cash Earnout Amount" set forth in Paragraph 1.9 of the
Agreement is hereby deleted in its entirety and the following inserted in place
thereof:

    

    
      	
               
      

            	
              "1.9

            	
              Installment
      Amount. Two Million Dollars ($2,000,000) due on or before February
      13, 2009, with interest accruing thereon at the rate of 8%
      per  annum, or the highest rate permitted by
      law,  whichever rate is less, from September 23, 2008 forward
      until paid."

            

    

    

    2.           Paragraph
2.2 of the Agreement, "Purchase Price and Payment" is hereby deleted in its
entirety and the following inserted in place thereof:

    

    "Purchase Price and
Payment. Subject to the adjustment provisions set forth below in this
Section 2, elsewhere in the Agreement and in the Escrow Agreement, the
consideration for the transactions contemplated by this Agreement (the "Purchase
Price") shall be (i) the Cash Consideration, (ii) the Installment Amount and
(iii) either the Seller Earnout Shares or the Alternative Cash Earnout Amount.
The payment of the Cash Consideration, as adjusted pursuant to the terms of this
Section 2, shall be made via wire transfer of immediately available funds from
Buyer to an account specified by Seller within 12 days from date of signing of
this agreement. Upon receipt of funds Seller shall within 3 days issue 27587
series A units to the buyer. The Buyer and Seller acknowledge and intend that
the Purchase Price shall be the entire consideration to be paid to Seller in
connection with the sale of the Series A Units and that Seller shall not be
entitled to any other monetary or non-monetary consideration, notwithstanding
any assets, working capital, or cash held by the Company at Closing and
otherwise available for distribution or any changes in the business of the
Company."

    

    2. Counterparts;
Interpretation.  This Amendment may be signed in counterparts
and may be delivered by facsimile, and each counterpart and facsimile will be
considered an original, but all of which, when taken together, will constitute
one instrument.  This Amendment shall be interpreted to give each of
the provisions their plain meaning.  The Recitals are incorporated
into this Amendment.  Capitalized terms used but not defined herein
shall have the meanings set forth in the Agreement.

    

    3. Governing Law. This
Amendment shall be governed by, interpreted under, and construed and enforced in
accordance with the laws of the State of California.

    

    4. Status of
Agreement.  Except as set forth in this Amendment, the terms
and provisions of the Agreement shall remain in full force and
effect.

    

    [SIGNATURES
INCLUDED ON FOLLOWING PAGE]

     

     

     

     

    IN
WITNESS WHEREOF, Seller and Buyer have executed this Amendment as of the date
written above.

    
      	
              "Buyer"

               

              Allied
      Digital Services Limited, an Indian limited company

               

              By:  s/s Nitin D.
      Shah                                                                

              Name: 
      Nitin D.
      Shah                                                                

              Title: 
      Chairman & Managing
      Director

                         
      12/12/08

               

               

               

            	
              "Seller"

               

              En
      Pointe Technologies Sales, Inc., a Delaware corporation

               

              By:       s/s Bob
      Din

              Name:  Bob
      Din                                                                

              Its:       Chief Executive
      Officer                                                        

                              
      01/07/09

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00151-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00151-of-00352.parquet"}]]