Document:

FORM OF RESTRICTED STOCK UNIT AGREEMENT APPLICABLE TO JOHN J. LEGEREE

 Exhibit 10.14 
  
 Form of Indemnity Agreement 
  

This Indemnity Agreement, dated as of                     ,
200_, is entered into by and between Global Crossing Limited, a corporation organized under the laws of Bermuda (the “Company”), and the undersigned individual (the “Indemnified Person”). 
  
 Preliminary Statement 
  

	A.	On the date hereof, the Indemnified Person is a member of the Board of Directors of the Company, an alternate member of a Director on the Board of Directors of the Company, an
officer of the Company and/or a member of a committee constituted by the Board of Directors of the Company (whether or not a member of the Board of Directors of the Company or an officer of the Company) (the Indemnified Person in such capacity now
or at any time in the future is referred to herein as a “Member”). 

  

	B.	The Company is willing to indemnify the Indemnified Person, as specified herein, for personal liabilities arising from or in connection with his acting as a Member.

  
 In consideration of the foregoing premises and for other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Indemnified Person and the Company agree as follows: 
  
 Agreement 
  

	1.	The Indemnified Person accepts his appointment as a Member and, to the extent consistent with applicable law, will take action as a Member in accordance with the Bye-Laws of the
Company, the terms of reference applicable to any committee of the Board of Directors on which the Member serves, the Company’s network security agreement, if applicable to the Member, and in accordance with any other guidelines as may be
established by the Board of Directors from time to time. 

  

	2.	The Company hereby agrees to indemnify, release and hold harmless the Indemnified Person out of the funds of the Company to the fullest extent permitted by Bermuda law against all
liabilities, losses, damages or expenses (including but not limited to liabilities under contract, tort and statute or any applicable law or regulation and all reasonable legal and other costs and expenses properly payable) incurred or suffered by
the Indemnified Person arising from or 

	

 in connection with his acting as a Member, provided always that the indemnity
contained in this Indemnity Agreement shall not extend to any matter which would render it void pursuant to the Bermuda Companies Act 1981, as amended. 
  

	3.	(a) The Company hereby agrees that the Indemnified Person shall be indemnified out of the funds of the Company against all liabilities arising from or in connection with his acting
as a Member incurred by the Indemnified Person in defending any proceedings, whether civil or criminal, in which judgment is given in the Indemnified Person’s favour, or in which the Indemnified Person is acquitted, or in connection with any
application under the Bermuda Companies Acts in which relief from liability is granted to the Indemnified Person by the court. 

  
 (b) The Company hereby agrees that, to the extent that the Indemnified Person is entitled to claim an indemnity pursuant to this Indemnity Agreement in
respect of amounts paid or discharged by the Indemnified Person, the relative indemnity shall take effect as an obligation of the Company to reimburse the person making such payment or effecting such discharge. 
  

	4.	Subject to the Bermuda Companies Act, expenses incurred in defending any civil or criminal action or proceeding for which indemnification is required pursuant to this Indemnity
Agreement shall be paid by the Company in advance of the final disposition of such action or proceeding upon receipt of an undertaking by or on behalf of the Indemnified Person to repay such amount if it shall ultimately be determined that the
Indemnified Person is not entitled to be indemnified pursuant to this Indemnity Agreement, provided that no monies shall be paid hereunder unless payment of the same shall be authorised in the specific case upon a determination that
indemnification of the Indemnified Person would be proper in the circumstances because the Indemnified Person has met the standard of conduct which would entitle the Indemnified Person to the indemnification thereby provided and provided that such
determination is made by: 

  

	 	(a)	the Board of Directors of the Company, by a majority vote at a meeting duly constituted by a quorum of Directors not party to the proceedings or matter with regard to which the
indemnification is, or would be, claimed; 

  

	 	(b)	in the case such a meeting cannot be constituted by lack of a disinterested quorum, by independent legal counsel in a written opinion; or 

  

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	 	(c)	by a majority vote of the shareholders of the Company. 

  

	5.	The Company hereby represents to the Indemnified Person that it maintains a policy of directors’ and officers’ liability insurance having the scope of coverage described
in Exhibit A and that the Indemnified Person is covered thereunder. The Company reserves the right to make changes to this coverage from time to time (including, without limitation, changing the insurance company), but will promptly notify
the Indemnified Person if any such change materially reduces the level of coverage available to the Indemnified Person or results in an increase in the portion of any claim by the Indemnified Person that is not covered by such policy.

  

	6.	The indemnification rights of the Indemnified Person under this Indemnity Agreement are in addition to, and not exclusive of, any other contractual, legal or other rights to
indemnification that the Indemnified Person may have, including, without limitation, the indemnification rights afforded by the Company’s Bye-Laws. 

  

	7.	This Agreement shall be governed by the laws of Bermuda. 

  
 [Signature Page Follows] 
  

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 IN WITNESS WHEREOF, the undersigned have executed this Indemnity Agreement as of the date first set forth above.

  

			
	GLOBAL CROSSING LIMITED
		
	By:	 	  

	Name:	 	 
	Title:	 	 
	
	INDEMNIFIED PERSON
	  

	Name:	 	 

  

 4FORM RESTRICTED STOCK OPTION AGREEMENT APPLICABLE TO JOHN J LEGRERE

 Exhibit 10.15 
  
 THE 2003 GLOBAL CROSSING LIMITED STOCK INCENTIVE PLAN 
  
 RESTRICTED STOCK UNIT AGREEMENT 
  
 RESTRICTED STOCK UNIT AGREEMENT (this “Agreement”) dated as of the
[            ] day of [            ] 200_, from Global Crossing Limited, a Bermuda company (the
“Company”), to John J. Legere (the “Participant”), pursuant to the 2003 Global Crossing Limited Stock Incentive Plan, as amended from time to time (the “Plan”). 
  
 1. Incorporation of the Plan by Reference. The terms of the Plan are
hereby incorporated by reference. Capitalized terms that are not defined herein shall have the same meanings assigned in the Plan. In the event of any conflict between this Agreement and the Plan (as either may be interpreted by the Committee), the
Plan shall control. 
  
 2. Definitions 
  
 (a) “Award” shall mean the Restricted Stock Units
granted to the Participant under this Agreement. 
  
 (b) “Grant Date” shall mean the date on which the Restricted Stock Units provided for in this Agreement were granted, [grant date]. 
  
 (c) “Restricted Stock Units” shall mean the right to receive a specified number of Shares, which right is subject to forfeiture
as set forth in this Agreement. 
  
 3. Grant of Restricted
Stock Units. The Company grants to the Participant [            ] Restricted Stock Units representing the right to receive shares of common stock. 
  
 4. Vesting and Rights as a Shareholder. It is understood and agreed
that the grant of the Award evidenced hereby is subject to the following conditions: 
  
 (a) Vesting of Restricted Stock Units. The Restricted Stock Units shall, subject to the Participant’s continued employment
from the Grant Date, vest and become eligible for settlement pursuant to Section 6 as follows: 
  

	 	(i)	10% of the Award shall vest on the first anniversary of the Grant Date; 

  

	 	(ii)	an additional 15% of the Award shall vest on the second anniversary of the Grant Date; 

  

	 	(iii)	an additional 20% of the Award shall vest on the third anniversary of the Grant Date; 

	 	(iv)	an additional 25% of the Award shall vest on the fourth anniversary of the Grant Date; 

  

	 	(v)	the remaining 30% of the Award shall vest on the fifth anniversary of the Grant Date; 

  

	 	(vi)	upon the occurrence of a Change in Control, any portion of the Award still subject to restrictions shall vest; 

  

	 	(vii)	upon the occurrence of the termination of the Participant’s employment due to “death,” “Disability,” “Termination other than for Cause” or
“Resignation for Good Reason” (with such quoted terms being defined in and determined in accordance with the Employment Agreement made as of December 9, 2003 between the Company and the Participant) (collectively, “Full Vesting
Events”), any portion of the Award still subject to restrictions shall vest. 

  
 (b) Restrictions on Transfer. The Restricted Stock Units may not be sold, assigned, hypothecated, pledged or otherwise transferred
or encumbered in any manner except (i) by will or the laws of descent and distribution, or (ii) otherwise as specifically permitted herein, and remain subject to forfeiture as described in this Agreement. 
  
 (c) Committee Discretion. Notwithstanding anything
contained in this Agreement to the contrary, the Committee, in its sole discretion and in accordance with the terms of the Plan, may accelerate the vesting with respect to all or any portion of the Restricted Stock Units covered by the Award, at
such times (including, without limitation, upon or in connection with the Participant’s termination of employment and upon such terms and conditions as the Committee shall determine. 
  
 (d) No Rights as a Shareholder. The Participant shall
have no rights as a shareholder (including rights in respect of dividends declared or paid on the Shares), if at all, until Shares in respect of the Restricted Stock Units have been issued by the Company to the Participant. 
  
 5. Termination of Employment. If the Participant’s employment
terminates for any reason other than a Full Vesting Event, all unvested Restricted Stock Units shall be forfeited and canceled without further action by the Company or the Participant as of the date of such termination of employment. 
  
 6. Settlement of Restricted Stock Units. Subject to the provisions of
Section 9(b) of the Plan, the Company shall deliver to the Participant (or, if applicable, the 
  

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 Participant’s designated beneficiary or legal representative) that number of Shares equal to the number of
Restricted Stock Units covered by the Award that have become vested and nonforfeitable as soon as practicable after the vesting date; provided, however, that if the Participant is (or is reasonably expected to be) a “covered employee”
within the meaning of Section 162(m) of the Code for the calendar year in which delivery of such Shares would ordinarily be made, the Company may delay delivery of all or a portion of such Shares to such Participant until such Shares may be
delivered to the Participant without the loss of the corresponding tax deduction for the Company (but in no event may such delivery occur later than as soon as administratively practicable after the date of the Participant’s termination of
employment due to a Full Vesting Event). 
  
 7. Adjustment in
Capitalization. Subject to Section 4(a)(vii), in the event of the occurrence of one of the events specified in Section 9(a) of the Plan, the Restricted Stock Units shall be subject to adjustment as determined by the Committee pursuant to such
Section 9(a). 
  
 8. Notice. Any notice given hereunder to
the Company shall be addressed to the Secretary of the Company at its principal place of business and any notice given hereunder to the Participant shall be addressed to the participant at the Participant’s address as shown on the records of
the Company. 
  
 9. Withholding. Upon settlement, at the
Committee’s discretion, the Participant shall be required to either pay to the Company the amount of any taxes required by law to be withheld as may be necessary in the opinion of the Company to satisfy tax withholding required under the laws
of any country, state, province, city or other jurisdiction required to be withheld with respect to such Shares or, in lieu thereof, the Company shall have the right to retain (or the Participant may be offered the opportunity to elect to tender)
the number of Shares whose Fair Market Value equals such amount required to be withheld. 
  
 10. No Right to Continued Employment. Neither the execution and delivery hereof nor the granting of the Award shall constitute or be evidence of any agreement or understanding, express or implied, on the part
of the Company or any of its Subsidiaries to employ or continue the employment of the Participant for any period. 
  
 11. Governing Law. The Award and the legal relations between the parties shall be governed by and construed in accordance with the laws of the
State of New York (without reference to the principles of conflicts of law). 
  
 12. Binding Effect; Benefits. This Agreement shall be binding upon and inure to the benefit of the Company and the Participant and their respective successors and permitted assigns. Nothing in this Agreement,
express or implied, is intended or shall be construed to give any person other than the Company or the Participant or their respective 
  

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 successors or assigns any legal or equitable right, remedy or claim under or in respect of any agreement or any provision
contained herein. 
  
 13. Amendment. This Agreement may not
be altered, modified, or amended except by a written instrument signed by the Company and the Participant. 
  
 14. Sections and Other Headings. The section and other headings contained in this Agreement are for reference purposes only and shall not affect
the meaning or interpretation of this Agreement. 
  
 IN
WITNESS WHEREOF, this Agreement has been executed and delivered by the Company on the date hereof. 
  

			
	 GLOBAL CROSSING LIMITED
  

	 By:
	 	  

  

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