Document:

Form of Transferable Option Award

 Exhibit 10.01d 
 Form of Transferable OPTION AWARD 
 UNDER THE 
 2002 PRAXAIR, INC. 
 LONG TERM
INCENTIVE PLAN 
 This Award, made as of the          day of
                     (the “Grant Date”) by PRAXAIR, INC., a Delaware corporation, having an office at 39 Old Ridgebury Road,
Danbury, Connecticut 06810-5113 (hereinafter called the “Corporation”). 
 W I T N E S S E T H: 
 The Corporation hereby grants to
                     (hereinafter called the “Participant”), as of the Grant Date, a non-qualified stock option to purchase
                     shares of the common stock of the Corporation (par value of $.01 per share) at
$             per share upon the following terms and conditions: 
 1.
Vesting. Except as otherwise provided in this Award and subject to the provisions of paragraph 3, this option may be exercised only on or after
                 [insert time vesting schedule or insert the terms of any performance-based vesting, including without limitation, vesting based upon the
Corporation’s achievement of certain financial goals, such as earnings per share, total shareholder return, net income, revenue or other criteria] [in no event less than three years following the date of grant, provided that the option may
partially vest after no less than one year so long as the entire grant does not vest fully until at least three years have elapsed from the date of grant]. The option may be exercised only in a whole number of shares. In the event that the option is
not evenly divisible by three, the remaining amount shall be added to the last vesting period. Notwithstanding the foregoing, the entire option shall become immediately vested and exercisable upon the occurrence of either the Participant’s
death or a Change in Control. 
 2. Expiration. Except as otherwise provided herein, this option shall expire on the
tenth anniversary of the Grant Date. 
 3. Exercisability. 
 (a) This option shall be exercisable by the Participant only while the Participant is in active employment with the Corporation or a Subsidiary or
Affiliate of the Corporation and shall be immediately forfeited upon the effective date of the Participant’s termination of employment with the Corporation or a Subsidiary or Affiliate of the Corporation, except that this option shall continue
to be exercisable: 
 (i) at any time prior to its expiration date in the case of the Participant’s Disability or Retirement;
provided, however, that following the Participant’s Disability or Retirement, this option shall only become vested and exercisable in accordance with paragraph 1; and provided further, that in the event of the Participant’s
Retirement prior to [one year from the date of grant], this option shall never become vested and exercisable and shall be immediately forfeited upon the effective date of the Participant’s Retirement; 
 (ii) during a three-year period commencing on the date of the Participant’s termination of employment by the Corporation or a Subsidiary or
Affiliate of the Corporation other than for cause provided, however, that following such termination of the Participant’s employment other than for cause, this option shall only become vested and exercisable in accordance with paragraph
1 above; and provided further, that, except as otherwise determined by the Corporation’s Chief Executive Officer or his designee, in the event of the Participant’s termination of employment by the Corporation or a Subsidiary or
Affiliate of the Corporation other than for cause prior to [one year from the date of grant], this option shall never become vested and exercisable and shall be immediately forfeited upon the effective date of such termination of the
Participant’s employment; 
  

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 (iii) during a three-year period commencing on the date of the Participant’s death; 
 (iv) during a three-year period commencing on the date of termination of the Participant’s employment, by the Participant or by the Corporation or a
Subsidiary or Affiliate of the Corporation, other than for cause, within two years after a Change in Control, or 
 (v) otherwise as the
Committee may determine, if the Committee decides that it is in the best interests of the Corporation to permit individual exceptions. 
 (b)
In no event may this option be exercised on or after its expiration date. 
 (c) An individual who is employed by a Subsidiary or Affiliate
of the Corporation shall be deemed to have terminated employment for purposes of this Award at such time as the Corporation and its Subsidiaries own, either directly or indirectly, less than 50% of the employing Subsidiary’s or Affiliate’s
total financial interests or combined voting power. 
 4. Transferability. This option is not transferable other than;

 (a) in the case of the Participant’s death, pursuant to the beneficiary designation then on file with the Corporation, or, in the
absence of such a beneficiary designation, by will or the laws of descent and distribution (in such event, this option may be exercised by the executor or administrator of the Participant’s estate or by the Participant’s distributee(s)
within the time limitations provided in paragraphs 1, 2 and 3 hereof); or 
 (b) if the Participant has met the Corporation’s stock
ownership guidelines applicable to him/her at the time of such proposed transfer, by the Participant in whole or in parts to; 
 (i) the
Participant’s spouse, children (including by adoption), stepchildren or grandchildren (“immediate family members”), 
 (ii) a
partnership in which such immediate family members are the only partners, or 
 (iii) a trust for the exclusive benefit of such immediate
family members; or 
 (c) in the case of a transferee’s, beneficiary’s or distributee’s death, to his/her estate, in which
case this option may be exercised only by the executor or administrator of such estate and shall not be subject to further transfer. 
 5. Transfer of Option.  
 (a) Any transfer of this option, in whole or in part, is subject to acceptance by the
Corporation in its sole discretion and shall be effected according to such procedures as the Vice President, Human Resources may establish. 
 (b) The provisions of this Award, including without limitation, paragraphs 3 and 6(c) relating to the Participant, shall apply to this option notwithstanding any transfer to a third party. 
 6. Exercise of Option. 
 (a)
Notice of Exercise. This option may be exercised at the office of the Corporation in Danbury, Connecticut (or at such other location as determined by the Corporation) with respect to a part or all of the shares covered by the option and then
exercisable by giving notice to the Corporation (or its designee as communicated from time to time) of the exercise of the option. 
 (b)
Exercise Price Payment. The option price for the shares for which this option is exercised shall be paid by the exerciser not later than ten business days after the date of exercise, (i) in cash, (ii) in whole shares of common stock
of the Corporation owned by the exerciser prior to exercising the option, (iii) by having the Corporation withhold shares that would otherwise be delivered to the exerciser pursuant to the exercise of the option, or (iv) in a combination
of cash and delivery of whole shares, or cash and the withholding of shares. The value of any share of common stock delivered or withheld in payment of the 

  

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option price shall be its Market Price on the date the option is exercised. Notwithstanding the foregoing, the Corporation may refuse to allow payment by any
method other than cash if the Corporation determines that allowing such payment would result in the imposition of variable accounting on the Corporation. 
 (c) Taxes. To enable the Corporation to meet any applicable federal, state or local withholding tax requirements arising as a result of the exercise of the option, the exerciser shall pay the Corporation the
amount of tax to be withheld, if any, (i) in cash, (ii) in whole shares of common stock of the Corporation owned by the exerciser prior to exercising the option, (iii) for exercises by the Participant only, by having the Corporation
withhold shares that would otherwise be delivered to the Participant pursuant to the exercise of the option (but only to cover the minimum legally required tax withholding), or (iv) in a combination of cash and a delivery of whole shares. The
value of any share of common stock so delivered or withheld shall be the Market Price on the date used to determine the amount of tax to be withheld. The Corporation reserves the right to (i) disapprove a Participant’s election to utilize
any of the alternatives under this paragraph (c), and (ii) to delay the completion of any exercise of this option until the applicable withholding tax has been paid. 
 (d) Delivery of Shares. Upon the exercise of an option with respect to a part or all of the shares in the manner and within the time herein provided, the Corporation shall issue and deliver to the exerciser, or
to the exerciser’s dividend reinvestment account, the number of shares of its common stock with respect to which the option was exercised. However, if an option is exercised after the death of the Participant, beneficiary or distributee, then
the Corporation shall have the right, in lieu of issuing and delivering shares of stock, of returning the option payment to the exerciser and paying to such person the amount by which the Market Price on the date of exercise exceeds the option price
with respect to the number of shares for which the option was exercised. 
 7. Terms and Conditions. This option is
awarded pursuant to the Plan and is subject to all of the terms and conditions of the Plan which terms and conditions shall control in the event of any conflict with this Award. 
 8. Applicable Law. This Award shall be interpreted and construed in accordance with the laws of the State of Connecticut.

 9. Definitions.  
 (a) “Change in Control” means a change in control of the Corporation as defined in the Plan. 
 (b)
“Committee” means the Compensation and Management Development Committee of the Board of Directors of the Corporation or any other Committee which such Board of Directors appoints to administer the Plan. 
 (c) “Corporation” means Praxair, Inc. 
 (d) “Disability” means a Participant’s inability to engage in any substantial gainful activity because of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted,
or can be expected to last, for a continuous period of six (6) months or longer. 
 (e) “Market Price” means the mean of the
high and low prices of the common stock of the Corporation as reported in the New York Stock Exchange Composite Transactions on the specified date (or on the next preceding day such stock was traded on a stock exchange included in the New York Stock
Exchange—Composite Transactions if it was not traded on any such exchange on the specified date). 
 (f) “Plan” means the 2002
Praxair, Inc. Long Term Incentive Plan, as amended and restated as of February 24, 2004, and as further amended from time to time. 
 (g) “Retirement” means termination of employment with the Corporation or a Subsidiary or Affiliate, other than for cause, with the right under the Corporation’s Retirement Program to receive a non-actuarially reduced pension
immediately upon separation from service. Provided, however, that if the Participant is employed by a foreign Affiliate of the Corporation and/or is not eligible to participate in the 

  

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Corporation’s Retirement Program, Retirement means termination of employment with the Corporation or a Subsidiary or Affiliate, other than for cause,
after (i) attaining age 65, (ii) attaining age 62 and completing at least 10 years of employment with the Corporation, or (iii) having accumulated 85 points, where each year of the Participant’s age and each year of employment
with the Corporation count for one point. 
 10. The Corporation’s grant of this option to the Participant pursuant to this Award, and
the Participant’s eligibility for any right, payment, issue or award with respect to this option, are contingent on the Participant’s execution and filing with the Corporation, or the employing Subsidiary, as applicable, of a non-compete
agreement in a form, and within a timeframe, acceptable to the Corporation or the employing Subsidiary. 
 11. Notwithstanding any other
provision of this Award, the Committee may, in its sole discretion, cancel, rescind, suspend, withhold, or otherwise limit or restrict this Award, and/or recover any gains realized by the Participant in connection with this Award, in the event of
any actions by the Participant determined by the Committee to (a) constitute a conflict of interest with the Corporation, (b) be prejudicial to the Corporation’s interests, or (c) violate any non-compete agreement or obligation
of the Participant to the Corporation, any confidentiality agreement or obligation of the Participant to the Corporation, the Corporation’s applicable policies, or the Participant’s terms and conditions of employment. 
 IN WITNESS WHEREOF, the Corporation has caused this instrument to be executed by its proper officer hereunto duly authorized, as of the day and year
first hereinabove written. 
  

			
	 PRAXAIR, INC.

		
	 By:
	 	
		 	  

  

 Page 4Exhibit 10.1

 Exhibit 10.1 
 February 26, 2008 
 Union Street Acquisition Corp. 
 102 South Union Street 
 Alexandria, Virginia 22314 
 Re: Purchase of Shares of Common Stock 
 Ladies and Gentlemen: 
 This letter will confirm the agreement of the undersigned to purchase 375,000 shares of common stock of
Union Street Acquisition Corp. (the “Company”) (the “Shares”) from the Company at a price of $8.00 per share upon the terms and conditions set forth herein. 
 1.    Purchase of Shares; Registration Rights. Subject to the terms and conditions set forth herein, the undersigned agrees to
purchase the Shares from the Company at a price of $8.00 per share. The purchase of the Shares shall be consummated within five days following the closing, if any, of the Company’s proposed acquisition of Archway Marketing Services, Inc. (the
“Acquisition”). Notwithstanding the foregoing, if mutually agreed between the undersigned and a special committee of the Board of Directors of the Company, the undersigned may fulfill some or all of the obligation to purchase the Shares by
purchasing shares of common stock of the Company in the open market (“Market Shares”) prior to or within five days following the completion of the Acquisition and in such event, the $3,000,000 worth of Shares that the undersigned is
required to purchase from the Company shall be reduced dollar for dollar by the amount the undersigned spends on such purchases. Any such purchases of Market Shares shall be made in compliance with all applicable laws, including Rule 10b-18,
Regulation M and other applicable laws. Any Shares purchased pursuant to this agreement shall have all of the same rights and privileges as Registrable Securities under that certain Registration Rights Agreement, dated as of February 9, 2007,
by and among the Company and each of the investors party thereto. 
 2.    Transfer Restrictions. The undersigned
will not assign, alienate, pledge, attach, sell or otherwise transfer or encumber (each, a “ transfer “), directly or indirectly, any of the Shares or Market Shares until 365 days following the date of the consummation of the
Acquisition, except to a Permitted Transferee. Any transfers of such securities to a Permitted Transferee will be made in accordance with applicable securities laws. Any transfer of securities pursuant to this Paragraph 2 after the date hereof will
be subject to the condition that the Permitted Transferee has agreed in writing to be bound by the terms of this Paragraph 2. “Permitted Transferee” means (i) the Company, any of the Company’s officers, directors and
employees, any Affiliates or Family Members of such individuals, (ii) any charitable organization, (iii) any individual pursuant to a qualified domestic relations order, (iv) if the transferor is a corporation, partnership or limited
liability company, any stockholder, partner or member of the transferor and (v) any individual or entity by virtue of laws or agreements governing descent or distribution upon the death or dissolution of the transferor. “ Affiliate
“ has the meaning set forth in Rule 405 under the Securities Act of 1933, as amended and in effect on 

 
the date hereof (the “Securities Act”). “Family Member” of a person means such person’s present spouse and/or domestic
partner, parents, lineal ascendants or descendants or any siblings of any of the foregoing, any descendants of any sibling of such person, or any estate planning vehicle formed primarily for the benefit of such person or any of the foregoing
persons. 
 3.    Representations and Warranties. The undersigned represents and warrants that: 
 (a)    The undersigned understands that the Company has determined that the exemption from the registration provisions of the
Securities Act provided by Regulation D is applicable to the offer and sale of the Shares, based, in part, upon the representations, warranties and agreements made by the undersigned herein. 
 (b)    Except as set forth herein, no representations or warranties have been made to the undersigned by the Company or any agent,
employee or affiliate of the Company and in entering into this transaction, the undersigned is not relying upon any information other than the results of independent investigation by the undersigned. 
 (c)    The undersigned has full power and authority to execute and deliver this agreement and to perform the obligations of the
undersigned hereunder and this agreement is a legally binding obligation of the undersigned in accordance with its terms. 
 (d)    Regulation D. 
 (i) The undersigned understands and acknowledges that: (A) the Shares
acquired pursuant to this agreement have not been and will not be registered under the Securities Act and are being sold in reliance upon an exemption from registration afforded by Regulation D; and that such shares have not been registered
with any state securities commission or authority; (B) pursuant to the requirements of Regulation D, the Shares may not be transferred, sold or otherwise exchanged unless in compliance with the provisions of Regulation D and/or
pursuant to registration under the Securities Act, or pursuant to an available exemption thereunder; and (C) the Company is under no obligation to register the Shares under the Securities Act or any state securities law, or to take any action
to make any exemption from any such registration provisions available. 
 (ii) The undersigned is an accredited investor within the meaning
of Rule 501 of Regulation D, is knowledgeable, sophisticated and experienced in making, and is qualified to make, decisions with respect to investment shares representing an investment decision like that involved in the purchase of the Shares.

 (iii) The undersigned is purchasing the Shares for his, her or its own account for investment only and has no intention of selling or
distributing the Shares and no other person has any interest in or participation in the Shares or any right, option, security interest, pledge or other interest in or to the Shares. The undersigned recognizes that an investment in the Shares
involves a high degree of risk, including a risk of total loss of the undersigned. The undersigned understands, acknowledges and agrees that it must bear the economic risk of its investment in the Shares for an indefinite period of time and has
knowledge and experience in financial and business matters such that it is capable of evaluating the risks of 

 
the investment in the Shares and the undersigned understands, acknowledges and agrees that prior to any such offer or sale, the Company may require, as a
condition to effecting a transfer of the Shares, an opinion of counsel, acceptable to the Company, as to the registration or exemption therefrom under the Securities Act and any state securities acts, if applicable. 
 (iv) The undersigned acknowledges that the Shares will bear a legend in substantially the following form: 
 THE SECURITIES REPRESENTED BY THIS CERTIFICATE (THE “SECURITIES”) HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”) OR ANY STATE SECURITIES LAWS AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT AND UNDER APPLICABLE STATE SECURITIES LAWS OR MEDIAVEST, INC. SHALL HAVE RECEIVED AN
OPINION OF ITS COUNSEL THAT REGISTRATION OF SUCH SECURITIES UNDER THE SECURITIES ACT AND UNDER THE PROVISIONS OF APPLICABLE STATE SECURITIES LAWS IS NOT REQUIRED. 
 This letter agreement constitutes the entire agreement and understanding between the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings (whether written or oral)
between the parties relating to such subject matter. None of the parties shall be liable or bound to any other party in any manner by any representations and warranties or covenants relating to such subject matter except as specifically set forth
herein. 
 This letter agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to
the principles of conflicts of laws thereof. 
 No term or provision of this letter agreement may be amended, changed, waived, altered or
modified except by written instrument executed and delivered by the party against whom such amendment, change, waiver, alteration or modification is to be enforced. 
  

	
	
	/s/ Clay Perfall
	Clay Perfall

  
  

			
	 Accepted and agreed:
  
 Union Street Acquisition Corp.

		
	By:	 	/s/ Brian H. Burke
		 	 Name: Brian H. Burke
 Title: Chief Financial Officer

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