Document:

Director Compensation Policy

 Exhibit 10.18 
 Director Compensation Policy 
 For 2011, the payment structure is as
follows for our independent directors: 
  

	 	•	 	 $20,000 one-time restricted stock grant to new non-employee Board members vesting in three equal annual installments (subject to continued service as a
director, other than due to death or disability); 

  

	 	•	 	 $10,000 cash to each non-employee Board member as one-quarter of the annual director fee; 

 

	 	•	 	 $30,000 annual restricted stock grant to each non-employee Board member as three-quarters of the annual director fee, granted at the annual meeting and
vesting on the day before the next annual meeting (subject to continued service as a director, other than due to death or disability); 

  

	 	•	 	 $10,000 cash to the Lead Director as an annual fee; 

  

	 	•	 	 $10,000 cash to the Audit Committee Chairman as an annual fee; 

 

	 	•	 	 $5,000 cash to the Compensation Committee Chairman as an annual fee; 

 

	 	•	 	 $5,000 cash to the Nominating and Corporate Governance Committee Chairman as an annual fee; 

 

	 	•	 	 $2,500 cash to Audit Committee members as an annual fee; 

 

	 	•	 	 $7,000 cash to each non-employee director for each Board meeting attended in person if the Board meeting is held in the director’s home country or
$9,000 cash to each non-employee director for each Board meeting attended in person, if the meeting is not held in the director’s home country. The $7,000 and $9,000 fee is a flat fee that is payable only once per meeting, no matter how long
the meeting lasts; 

  

	 	•	 	 $1,250 cash for each Board meeting attended telephonically; 

 

	 	•	 	 $1,000 cash for all committee meetings attended in person by a non-employee Board member (if there is more than one meeting per day or per visit , the
$1,000 covers all meetings). Committee meetings held during in person Board meetings are not subject to payment; 

  

	 	•	 	 $1,000 cash per day for non-employee Directors when working or traveling on a specific assignment required by the Board, that is not part of a Board
meeting; 

  

	 	•	 	 $500 cash for all committee meetings attended telephonically per day by a non-employee Board member; and 

 

	 	•	 	 $0 for informational or update calls. 

 At this time, the Board has determined that all of our non-employee directors are also independent directors. In the event that new directors join our Board who are not employees but who do not qualify as
independent, the Board may revisit this compensation structure as it applies to non-employee directors who are not independent. 

Our non-employee directors are eligible to participate in our Deferred Compensation Plan pursuant to which they may elect to defer their
fees, which are invested in mutual funds. Through March 31, 2009, the Company matched 50% of the participant’s contribution up to an annual maximum of $12,500, which is invested in shares of Company common stock acquired in the open market
and those shares become subject to vesting provisions. The company match was suspended in March 2009.Form of Common Stock Certificate.

 Exhibit 4.1

 

 
  
 Exhibit
4.1 
 FRONT FINISHED PAGE SIZE = 8.0” X 12.0” 

LEGEND INDICATES (WILL NOT PRINT): PAGE SIZE 
 HomeStreet, Inc. INCORPORATED UNDER THE LAWS OF THE STATE OF WASHINGTON 
 COMMON STOCK COMMON STOCK 
 HS 0001 SEE REVERSE FOR
CERTAIN DEFINITIONS CUSIP 43785V 10 2 
 THIS CERTIFIES THAT is the owner of 

*** ART WORK APPROVAL *** 1921 
 FULLY PAID AND NONASSESSABLE SHARES OF THE COMMON STOCK OF 
 HOMESTREET, INC. transferable on the books of the Company upon surrender of this Certificate properly endorsed for transfer. This Certificate and the shares represented hereby are issued
and shall be held subject to all of the provisions, as now or hereafter amended, of the Restated Articles of Incorporation of the Company and its Bylaws, to all of which the holder by acceptance hereof, assents. This Certificate is not valid unless
countersigned by the Transfer Agent and registered by the Registrar. 
 WITNESS the facsimile seal of the Company
and the facsimile signatures of its duly authorized officers. 
 It is the customer’s responsibility to
ensure that this proof is correct in all areas. By approving this proof the customer states that he or she has reviewed all elements and assumes sole responsibility and liability for: 1.) copy, color, spelling, grammar, layout, etc. 2.) any errors
or omissions 
 including defects in the designation 3.) infringement or interference with trademarks,
copyrights, designs, or any other property rights of another. Customer agrees to defend, indemnify and hold Sekuworks, LLC harmless from all expenses, loss or damage resulting from any claim 

based upon any of the foregoing customer responsibilities. All artwork must be approved by the customer with an authorized
email and/or signature before a job can be entered into production. 
 Countersigned and Registered AMERICAN
STOCK TRANSFER & TRUST COMPANY, LLC Transfer Agent and Registrar Authorized Signature 

 

 
  

HOMESTREET, INC. 
 The Company will furnish to any shareholder upon request and without charge a full statement of the designations, preferences, limitations and relative rights of the shares of each class
of capital stock authorized to be issued, the variations in the relative rights and preferences between the shares of each series of each class of capital stock so far as the same have been fixed and determined and the authority of the board of
directors of the company to fix and determine the relative rights and preferences of subsequent series of each class of capital stock. 
 The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to 

applicable laws or regulations: 
 TEN COM- UNIF GIFT MIN ACT- Custodian 
 UNIF TRF
MIN ACT- Custodian (until age ) 
 Additional abbreviations may also be used though not in the above list.

 (Please Print or Typewrite Name and Address, Including Zip Code, of Assignee) 

shares 
 Attorney 
 of the common stock represented by the
within Certificate, and do hereby irrevocably constitute and appoint 
 to transfer said stock on the books of
the within named Association with full power of substitution in the 
 premises. 

Dated 
 Notice: 
 By 

Signature(s) Guaranteed 
 The signature to this assignment must correspond with the name as written upon the 
 face of the Certificate in every particular, without alteration or enlargement or any 
 change whatever. 
 The signature(s) should be
guaranteed by an eligible guarantor institution (banks, 
 stockbrokers, savings and loan association and credit
unions with membership in an 
 approved signature guarantee medallion program) pursuant to S.E.C. Rule 17Ad.

 PLEASE INSERT SOCIAL SECURITY OR OTHER 

IDENTIFYING NUMBER OF ASSIGNEE 
 For value received, hereby sell, assign and transfer unto 
 (Cust) 
 (Cust) 

under Uniform Gifts to Minors 
 (State) 
 under Uniform Transfers 

to Minors ActOutside Directors' Compensation Program

 Exhibit 10.1 
 OUTSIDE DIRECTORS’ COMPENSATION PROGRAM 
 Summary of Outside Directors’
Compensation effective May 25, 2011: 
 Cash Compensation 

 

	•	 	 Annual retainer for all directors, except the Chairman of the Board—$30,000 per year. 

 

	•	 	 Annual retainer for the Chairman of the Board—$36,000 per year. 

 

	•	 	 Additional annual retainer for the Chair of the Strategy and Technology Committee—$15,000. 

 

	•	 	 Additional annual retainer for each member of the Strategy and Technology Committee (except Chair)—$10,000. 

Equity Compensation 
 Annual equity
awards granted to the outside directors automatically on the date of each respective Annual Shareholders’ meeting (except as otherwise noted), beginning with the date of the 2011 Annual Shareholders’ meeting on May 25, 2011:

  

			
	 Grant Type
	 	 Number of Shares3,4,5

	Annual Grant (except Chairman of the Board)	 	10,500 Options & 2,700 Restricted Shares
	Chairman of the Board Annual Grant	 	21,000 Options & 5,400 Restricted Shares
	New Director Grant1	 	21,000 Options & 5,400 Restricted Shares
	Committee Member2	 	1,750 Options & 450 Restricted Shares
	Chairs of Audit & Compensation Committees	 	7,000 Options & 1,800 Restricted Shares
	Chair of Nominating & Corporate Governance Committee	 	3,500 Options & 900 Restricted Shares

  

	1 	 Shares are to be granted on the date of such director’s appointment or election to the Board 

	2 	 Committee Member grants are not applicable to Chairs of the Audit, Compensation and Nominating & Corporate Governance Committees or to the
Chair or members of Strategy & Technology Committee 

	3 	 The exercise price of the Stock Options will be the closing price of the Company’s Common Stock on the NASDAQ Global Markets on the applicable
date of grant. 

	4 	 Stock Options and Restricted Shares granted annually to the directors will vest one year from the applicable date of grant, or on the date of the next
Annual Shareholders meeting, whichever is earlier. 

	5 	 Stock Options and Restricted Shares granted to any new director will vest over a period of two (2) years with 50% vesting on the first anniversary
of the date of the grant and the remainder vesting monthly thereafter.EX-10.1

 Exhibit 10.1 
 GIBRALTAR INDUSTRIES, INC. 
 2005 EQUITY INCENTIVE PLAN 

 
  

Award of Restricted Units 
  

 
 THIS AWARD made
to
                                        
(the “Recipient”) as of this      day of             , 20    . 

Recitals: 

Effective as of April 1, 2005 the Company adopted an equity based incentive plan known as the Gibraltar Industries, Inc. 2005 Equity
Incentive Plan (the “Plan”). 
 Under the terms of the Plan, the Committee is authorized to grant equity based
compensation awards to Eligible Persons. 
 The Committee has approved the issuance of an award of
                                        
(            ) Restricted Units to the Recipient to supplement the retirement benefits which the Recipient is entitled to receive under the terms of the Company’s retirement
plans. 
 The Plan provides that the terms and conditions of each Award are to be specified in a written instrument. 

The Award of Restricted Units to the Recipient are subject to the terms and conditions contained in this instrument. 

Grant of Award: 
 NOW, THEREFORE, the Company hereby grants to the Recipient,
                                        
(            ) 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
                                        
(            ) 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 Dividend Equivalent Units attributable to such Restricted Units and 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 Section 3
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 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 disability, 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 with the Company is terminated for either such reasons. In addition (and notwithstanding any provisions of Section 5.06 of the Plan to the contrary), if:
(a) the Recipient retires from his employment with the Company at any time on or after the latest to occur of: (i) the date the Recipient attains age sixty (60); (ii) the end of the five (5) year period beginning on the date the
Recipient is hired by the Company; and (iii) the end of the one year period beginning on the date of this Award, then (b) the restrictions on any Restricted Units which have not lapsed as of the date the Recipient’s retires from his
employment with the Company shall lapse on the first day following the date the Recipient retires from his employment with the Company. Finally, if the Recipient’s employment with the Company or its Affiliate is

 
terminated by the Company for any reason other than “for cause” as defined in Section 4 below, the Restrictions on any Restricted Units which have not lapsed as of the date the
Recipient’s employment with the Company is terminated shall lapse on the first day following the date the Recipient’s employment is terminated by the Company for any reason other than “for cause”. 

4. Forfeiture of Restricted Units on Certain Terminations of Employment. (a) If the Recipient’s employment with the
Company is terminated “for cause” as defined in the following sentence, any and all Restricted Units credited to the bookkeeping account established for the Recipient in connection with this Award shall be forfeited as of the date the
Recipient’s employment is terminated “for cause”. For purposes of this Award, the Recipient’s employment with the Company shall be deemed to have been terminated “for cause” if the 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. 

(b) If the Recipient terminates his employment with the Company at any time prior to the latest to occur of: (i) the date the
Recipient attains age sixty (60); (ii) the end of the five (5) year period beginning on the date the Recipient is hired by the Company; and (iii) the end of the one year period beginning on the date of this Award, then any and all
Restricted Units credited to the bookkeeping account established for the Recipient in connection with this Award shall be forfeited as of the date the Recipient’s employment is terminated. 

5. 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 of the Restricted Units granted to the Recipient pursuant to this Instrument shall lapse on the date the Change in Control occurs. 

6. Form of Payment. Except as otherwise provided by Article 9 of the Plan, upon the lapse of the Restrictions on
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 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 which the Restrictions have lapsed. 

7. 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. 
 8. 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:
	  	
			
		 	  
	  	
		 	  
	  	
		 	  
	  	

 or to such changed address as to which either party has given notice to the other party in accordance

 
with this Section 8. All notices shall be deemed given when so mailed, except that a notice of a change of address shall be deemed given when received. 

9. 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.
		
	By:

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