Document:

Form of Four-Year Award Agreement

 Exhibit 10.3 
 FOUR-YEAR AWARD AGREEMENT 
 Vistaprint N.V.

 Award Agreement for Fiscal Years [20    ] to [20    ] 
 under the 
 Vistaprint N.V. Performance Incentive Plan For Covered Employees 
 Participant:
                     
 Vistaprint
N.V. (the “Company”) hereby agrees to award to the participant named above (the “Participant”) on each of the dates set forth below (the “Vesting Dates”) a cash amount determined pursuant to the formula set forth below
(the “Cash Payment Amount”). 
 By your acceptance of this Award Agreement, you agree that any Cash Payment Amounts will be awarded
under and governed by the terms and conditions of the Vistaprint N.V. Performance Incentive Plan For Covered Employees, as amended from time to time (the “Plan”) and by the terms and conditions of the Vistaprint N.V. Performance Incentive
Award Agreement – Terms and Conditions (“Terms and Conditions”), which is attached hereto (this Award Agreement and the Terms and Conditions are together referred to as the “Agreement”). If the conditions described in this
Agreement are satisfied, the applicable Cash Payment Amounts will be paid under the Plan on the applicable Payment Date (as defined in the Terms and Conditions). 
 For purposes of this Agreement, there shall be four performance periods, each of which shall last for one fiscal year of the Company (the “Performance Periods”) and each of which ends on a
Vesting Date. Except as otherwise provided in the Plan and the Terms and Conditions, for each Performance Period, the Compensation Committee of the Supervisory Board of the Company (the “Compensation Committee”) must certify in writing
that the performance criteria set forth below have been satisfied. 
 Base Amount and EPS Targets 
 As more fully described in the Terms and Conditions, the Cash Payment Amount paid on the applicable Payment Date shall be determined based on the base amount
indicated below (the “Base Amount”) and the extent to which the Company achieves the earnings per share targets (“EPS Targets”) indicated below. The EPS achieved by the Company during a given Performance Period shall be
determined in accordance with US generally accepted accounting principles (“US GAAP”). For avoidance of doubt, EPS calculations shall be inclusive (net of) the expense associated with any and all employee compensation or bonus plans,
including those made pursuant to the Plan. 
  

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 Base Amount Per Performance Period:
$             
 EPS Targets: 
  

									
	 	  	Performance Periods ending on the following Vesting Dates
	 	  	June 30, 2010	  	June 30, 2011	  	June 30, 2012	  	June 30, 2013
	 EPS Low Target
	  		  		  		  	
	 EPS Medium Target
	  		  		  		  	
	 EPS Upper Target
	  		  		  		  	

 Calculation of Cash Payment Amount 
 Payout Threshold Percentages: 
  

													
	 	  	Performance Periods ending on the following Vesting Dates	 
	 	  	June 30, 2010	 	 	June 30, 2011	 	 	June 30, 2012	 	 	June 30, 2013	 
	 EPS Low Target
	  	50	% 	 	50	% 	 	50	% 	 	50	% 
	 EPS Medium Target
	  	100	% 	 	100	% 	 	100	% 	 	100	% 
	 EPS Upper Target
	  	130	% 	 	160	% 	 	200	% 	 	250	% 

 The Cash Payment Amount for any Performance Period shall equal the Base Amount set forth above
multiplied by the Applicable Percentage (as defined below). 
  

	 	•	 	 If the EPS Low Target is not achieved for the applicable Performance Period, then the Applicable Percentage shall be deemed to be equal to 0% and no
Cash Payment Amount shall be paid. 

  

	 	•	 	 If the EPS Upper Target is achieved or exceeded for the applicable Performance Period, then the Applicable Percentage shall be equal to the highest
Payout Threshold Percentage set forth above (for the applicable Vesting Date). 

  

	 	•	 	 If the Company’s earnings per share are greater than or equal to the EPS Low Target, but less than the EPS Upper Target, the Applicable Percentage
shall be equal to 

  

	 	i.	the Payout Threshold Percentage for the highest EPS Target achieved with respect to the applicable Performance Period, plus 

  

	 	ii.	a number calculated as follows: (A) a percentage equal to a fraction, the numerator of which shall equal the amount by which earnings per share exceeded such
applicable EPS Target and the denominator of which shall equal the difference between the next highest EPS Target that was not achieved and the highest EPS Target achieved, multiplied by (B) the difference between the Payout Threshold
Percentage for the next highest EPS Target that was not achieved and the Payout Threshold Percentage for the highest EPS Target achieved. 

  

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 Example (the following is an example only and does not reflect actual targets or awards)

 For example, if for the Performance Period ending June 30, 2013 the Base Amount was $50,000 and the EPS Targets were as follows:

  

								
	 Example EPS Low Target
	  	Example EPS Medium Target	  	Example EPS Upper Target
	$	1.64	  	$	2.96	  	$	3.65

 and the earnings per share as certified by the Compensation Committee for such Performance Period
were $3.00, then the Applicable Percentage would be equal to 108.68%, calculated as follows: 
 (i) the Payout Threshold
Percentage for the EPS Medium Target (the highest EPS Target achieved), or 100%, plus 
 (ii) 8.68%, calculated as follows:
(A) a percentage equal to $0.04 (the amount by which the $3.00 earnings per share achieved exceeded the $2.96 EPS Medium Target) divided by $0.69 (the difference between the $3.65 EPS Upper Target (the next highest EPS Target that was not
achieved) and the $2.96 EPS Medium Target (the highest EPS Target achieved), or 5.79%, multiplied by (B) the difference between the Payout Threshold Percentage for the EPS Upper Target (the next highest EPS Target that was not achieved) and the
Payout Threshold Percentage for the EPS Medium Target (the highest EPS Target achieved), or 150%. 
 The Cash Payment Amount for the applicable
Performance Period would equal $50,000 (the Base Amount) multiplied by 108.68% (the Applicable Percentage) or $54,340. 
  

									
	Accepted and Agreed:	 		 	Vistaprint N.V.
					
	By:	 	  
	 		 	By:	 	  

	Name:	 		 		 	Name:	 	  

		 		 		 	Title	 	  

  

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 Vistaprint N.V. 
 Award Agreement for Fiscal Years [20    ] to [20    ] 
 under the 
 Vistaprint N.V. Performance
Incentive Plan For Covered Employees 
 Terms and Conditions 
 1. Award. If all the conditions set forth in this Agreement are satisfied, on the applicable Payment Date (as defined below), a Cash Payment
Amount will be made under the Plan to the Participant named in the accompanying Award Agreement. Except as provided in Section 3 below or Articles VI and XI of the Plan, (i) no Cash Payment Amount shall be made until the applicable Payment
Date, and (ii) the Participant shall have no rights to any Cash Payment Amount until the Vesting Date. Except where the context otherwise requires, the term “the Company” shall include any Related Company. Capitalized terms used but
not defined herein shall have the meaning ascribed to them in the Award Agreement or the Plan. 
 2. Conditions for the
Award. Except as provided in Section 3 below or Articles VI and XI of the Plan, a Cash Payment Amount shall be paid only if: 
 (a) The Participant is, and has continuously been, an employee of the Company beginning with the date of this Agreement and continuing through the Vesting Date; and 
 (b) The performance criteria set forth in the accompanying Award Agreement are satisfied during the applicable Performance Period. The
Compensation Committee must determine and certify in writing at the end of each applicable Performance Period the extent, if any, to which the performance criteria have been achieved. In making its determination, the Compensation Committee shall
adjust the performance criteria to take into account proportionate reductions in earnings per share, as compared to earnings per share budgeted for the applicable Performance Period, that the Compensation Committee reasonably determines have
resulted from any acquisitions or dispositions of businesses by the Company. 
 (c) Cash Payment Amounts shall be paid only in
the amounts determined pursuant to the formula provided under the heading “Calculation of Cash Payment Amount” in the Award Agreement. If the applicable EPS Low Target is not achieved during the applicable Performance Period, no Cash
Payment Amount shall be paid for such period. 
 3. Employment Events Affecting Payment of Award. 
 (a) If the Participant dies or becomes disabled (within the meaning of Section 22(e)(3) of the Code) prior to the end of any Performance
Period, then the Participant or his estate will nevertheless be eligible to receive on the Payment Date the pro rata share of the Cash Payment Amount based on the number of months of participation during any portion of the Performance Period in
which the death or disability occurs. 
 (b) If the Participant is terminated other than by reason of death or disability at any
time prior to the Vesting Date, then except to the extent specifically provided to the contrary in any other agreement between the Participant and the Company, no Cash Payment Amount will be paid and this Agreement will be of no further force or
effect unless the performance criteria set forth in the accompanying Award Agreement are satisfied and the Compensation Committee determines, in its sole discretion, that the Cash Payment Amount is merited. 
 (c) If, at any time after the Vesting Date but before the Payment Date, (i) the Participant’s relationship with the Company is
terminated by the Company for Cause (as defined below) or (ii) the Participant’s conduct after termination of the employment relationship violates the terms of any non-competition, non-solicitation or confidentiality provision contained in
any employment, consulting, advisory, proprietary information, non-competition, non-solicitation or other similar agreement between the Participant and the Company, then, without limiting any other remedy available to the Company, all right, title
and interest in and to the Cash Payment Amount shall be forfeited and revert to the Company as of the date of such determination and the Company shall be entitled to recover from the Participant the Cash Payment Amount. 
  

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 (d) “Cause,” as determined by the Company (which determination shall be
conclusive), means: 
 (1) the Participant’s willful and continued failure to substantially perform his or her reasonable
assigned duties (other than any such failure resulting from incapacity due to physical or mental illness or, if applicable, any failure after the Participant gives notice of termination for Good Reason, as defined in an agreement between the
Participant and the Company), which failure is not cured within 30 days after a written demand for substantial performance is received by the Participant from the Supervisory Board which specifically identifies the manner in which the Board believes
the Participant has not substantially performed the Participant’s duties; or 
 (2) the Participant’s willful
engagement in illegal conduct or gross misconduct that is materially and demonstrably injurious to the Company. 
 For purposes of this
Section 3(d), no act or failure to act by the Participant shall be considered “willful” unless it is done, or omitted to be done, in bad faith and without reasonable belief that the Participant’s action or omission was in the
best interests of the Company. 
 4. Change in Control. Upon a Change in Control, the performance criteria set forth in the
accompanying Award Agreement for each EPS Medium Target shall be deemed satisfied for the Performance Period in which the Change in Control occurs and for each subsequent Performance Period that is a part of this Award. In lieu of amounts to be
determined pursuant to the formula under the heading “Calculation of Cash Payment Amount” in the Award Agreement for each such subsequent Performance Period, the Participant shall be entitled to receive instead a Cash Payment Amount equal
to the Base Amount multiplied by the Applicable Percentage for the EPS Medium Target for each applicable subsequent Performance Period, which amount shall be payable as soon as practicable following the Change in Control, but no later than two and
one-half months following the Change in Control. 
 5. No Special Employment or Similar Rights. Nothing contained in the Plan or
this Agreement shall be construed or deemed by any person under any circumstances to bind the Company to continue the employment or other relationship of the Participant with the Company. The Company expressly reserves the right at any time to
dismiss or otherwise terminate its relationship with the Participant free from any liability or claim under the Plan or this Agreement. 
 6.
Withholding Taxes. The Company’s obligation to pay the Cash Payment Amount shall be subject to the Participant’s satisfaction of all applicable income, employment, social charge and other tax withholding requirements under all
applicable laws and regulations. 
 7. Transferability. This Agreement may not be sold, assigned, transferred, pledged,
hypothecated or otherwise disposed of (whether by operation of law or otherwise) (collectively, a “transfer”) by the Participant, except that this Agreement may be transferred (i) by the laws of descent and distribution,
(ii) pursuant to a qualified domestic relations order, or (iii) with the prior consent of the Compensation Committee, to or for the benefit of any immediate family member, family trust, family partnership or family limited liability
company established solely for the benefit of the Participant and/or an immediate family member of the Participant. 
 8.
Miscellaneous. 
 (a) Except as provided herein, this Agreement may not be amended or otherwise modified unless
evidenced in writing and signed by the Company and the Participant, unless the Compensation Committee determines that the amendment or modification, taking into account any related action, would not materially and adversely affect the Participant.

 (b) All notices under this Agreement shall be mailed or delivered by hand to the Company at its main office, Attn: Secretary,
and to the Participant at his or her last known address on the employment records of the Company or at such other address as may be designated in writing by either of the parties to one another. 
 (c) This Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Massachusetts, USA. 
  

 5Form of Restricted Share Unit Agreement

 Exhibit 10.4 
 Supervisory Director 
 Restricted Share Unit Agreement 
 Granted Under The Amended and Restated 2005 Equity Incentive Plan 
  

	1.	Grant of Award. 

 Pursuant
to authority delegated by the Supervisory Board and Management Board of Vistaprint N.V., a Netherlands company (the “Company ”), to VistaPrint USA, Incorporated, a Delaware corporation, pursuant to Section 3 of the Amended and
Restated 2005 Equity Incentive Plan (the “Plan”), this Agreement evidences the grant by the Company on «GrantDate» (the “Grant Date”) to «Name» (the “Participant”) of
«Numbershares» restricted share units (the “Units”) with respect to a total of «Numbershares» ordinary shares of the Company (the “Shares”), €0.01 par value per share (the “Ordinary
Shares”). 
 Except as otherwise indicated by the context, the term “Participant,” as used in this award, is
deemed to include any person who acquires rights under this award validly under its terms. 
  

	2.	Vesting Schedule. 

 (a)
Subject to the terms and conditions of this award, the Units vest as to 8.33% of the original number of Units each successive three-month period following the Grant Date until the third anniversary of the Grant Date. 
 (b) Continuous Relationship with the Company Required. This vesting schedule requires that the Participant, at the time any Units
vest, is, and has been at all times since the Grant Date, an employee, officer or director of, or consultant or advisor to, the Company or any parent or subsidiary of the Company and as defined in Section 424(e) or (f) of the United States
Internal Revenue Code of 1986, as amended, and any regulations promulgated thereunder (the “Code”) (an “Eligible Participant”). If the Participant is employed by a parent or subsidiary of the Company, any references in this
Agreement to employment by or with the Company or termination of employment by or with the Company are instead deemed to refer to such parent or subsidiary. 
 (c) Termination of Relationship with the Company. If the Participant ceases to be an Eligible Participant for any reason, then the vesting of Units ceases and the Participant has no further rights
with respect to any unvested Units. Notwithstanding the foregoing, if the Participant, before this Award becomes vested in full, violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure
agreement or other agreement between the Participant and the Company or a parent or subsidiary of the Company, the vesting of Units ceases and this award terminates immediately upon such violation. 
  

	3.	Timing and Form of Distribution. 

 The distribution date (the “Distribution Date”) for Units that become vested pursuant to this award will be made in a lump sum on the date that such Units vest. The Company shall distribute vested Units in Ordinary Shares (on
a one-to-one basis) on or as soon as practicable after the Distribution Date with respect to such vested Units. The Participant will only receive distributions in respect of his/her vested Units and has no right to distribution of an Ordinary
Share with respect to unvested Units unless and until such Units vest. Once an Ordinary Share with respect to a vested Unit has been distributed pursuant to this award, the Participant has no further rights with respect to that Unit.

	4.	Dividend Equivalent Rights.

 During such time as each Unit remains outstanding and before the distribution of such Unit in accordance with Section 3, the Participant has the right to receive, in cash, with respect to such Unit, the amount of any cash dividend paid
by the Company on an Ordinary Share (a “Dividend Equivalent Right”). The Participant has a Dividend Equivalent Right with respect to each Unit that is outstanding on the record date of such dividend. The Company shall pay
Dividend Equivalent Rights to the Participant at the same time or within 30 days after dividends are paid to shareholders of the Company. The Company has no obligation to pay Dividend Equivalent Rights to the Participant with respect to any
Units that are forfeited pursuant to Section 2(c), effective as of the date such Units are forfeited. The Participant has no Dividend Equivalent Rights as of the record date of any cash dividend in respect of any Units that have been
distributed in Ordinary Shares. 
  

	5.	Withholding. 

 The
Participant is required to pay in cash any sums required by federal, state or local tax law to be withheld (“Withholding Taxes”) with respect to the payment of Dividend Equivalent Rights. The Participant is also required to satisfy
Withholding Taxes with respect to the vesting of Units. In order to satisfy the Withholding Taxes owed with respect to the vesting of Units, the Participant agrees that: 
 (a) Unless the Company, in its sole discretion, determines that the procedure set forth in this Section 5(a) is not advisable, at the Distribution Date, the Company shall withhold a number of
Ordinary Shares with a market value (based on the closing price of the Ordinary Shares on the last trading day prior to the Distribution Date) equal to the amount necessary to satisfy the minimum amount of Withholding Taxes due on such Distribution
Date. 
 (b) If the Company, in its sole discretion, determines that the procedure set forth in Section 5(a) is not
advisable or sufficient, then the Participant, as a condition to receiving any Ordinary Shares upon the vesting of Units, shall either (i) pay to the Company, by cash or check, an amount sufficient to satisfy any Withholding Taxes or otherwise
make arrangements satisfactory to the Company in its sole discretion for the payment of such amounts (including through offset of any amounts otherwise payable by the Company to the Participant, including salary or other compensation), or
(ii) if the Company in its sole discretion determines to permit Participants to so elect, execute and deliver to the Company an irrevocable standing order authorizing E-Trade or any broker approved by the Company (the “Broker”) to
sell, at the market price on the applicable Distribution Date, the number of Ordinary Shares that the Company has instructed the Broker is necessary to obtain proceeds sufficient to satisfy the Withholding Taxes applicable to the Ordinary Shares to
be distributed to the Participant on the Distribution Date (based on the closing price of Ordinary Shares on the last trading day prior to the Distribution Date) and to remit such proceeds to the Company. The Participant agrees to execute and
deliver such documents as may be reasonably required in connection with the sale of any Ordinary Shares pursuant to this Section 5(b). 
  

	6.	Nontransferability of Award. 

 The Participant may not sell, assign, transfer, pledge or otherwise encumber this award, either voluntarily or by operation of law, except by will or the laws of descent and distribution or pursuant to a qualified domestic relations order,
or to or for the benefit of any immediate family member, family trust, family partnership or family limited liability company established solely for the benefit of the holder and/or an immediate family member of the holder if, with respect to such
proposed transferee, the Company would be eligible to use a Form S-8 for the registration of the issuance and sale of the Ordinary Shares subject to such award under the United States Securities Act of 1933, as amended. 
  

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	7.	No Right to Employment or Other Status. 

 This award shall not be construed as giving the Participant the right to continued employment or any other relationship with the Company or any parent or subsidiary of the Company. The Company and any
parent or subsidiary of the Company expressly reserve the right to dismiss or otherwise terminate its relationship with the Participant free from any liability or claim under the Plan or this award, except as expressly provided in this award.

  

	8.	No Rights as Shareholder. 

 Except for the Dividend Equivalent Rights described in Section 4, the Participant has no rights as a shareholder with respect to any Ordinary Shares distributable under this award until becoming recordholder of such shares. 

 

	9.	Acceleration of Vesting Upon a Change in Control Event. 

 Upon the occurrence of a Change in Control Event (as defined in the Plan), regardless of whether such event also constitutes a Reorganization Event (as defined in the Plan), the vesting of all of the
Units subject to this award automatically accelerate, such that all Units become fully vested immediately before the Change in Control Event without any action on the part of the Company or the Participant. 
  

	10.	Provisions of the Plan. 

 This award is subject to the provisions of the Plan, a copy of which is furnished to the Participant with this award. 
 IN WITNESS WHEREOF, the Company has caused this Agreement to be executed on its behalf by Vistaprint N.V. This Agreement shall take effect as a sealed instrument. 
  

					
		 	Vistaprint N.V.
			
	Dated:	 	By:	 	  

		 	Name:	 	
		 	Title: 	 	

  

 3 

 PARTICIPANT’S ACCEPTANCE 
 The undersigned hereby accepts the foregoing Agreement and agrees to the terms and conditions thereof. The undersigned hereby acknowledges
receipt of a copy of the Vistaprint N.V. Amended and Restated 2005 Equity Incentive Plan. 
  

			
	PARTICIPANT:
	
	  

		
	Address:	 	  

		
		 	  

		
		 	  

  

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