Document:

Kinder Morgan, Inc. Restricted Stock Agreement

Exhibit 10.13

KINDER MORGAN, INC.

RESTRICTED STOCK AGREEMENT

Restricted Stock Agreement made effective the 16th day of July, 2003
("Date of Grant"), between Kinder Morgan, Inc., a Kansas Corporation (the
"Company"), and EMPLOYEE NAME ("Employee").

	1.	Award. The
    Company hereby makes a grant of Restricted Shares (as defined below) subject to the terms
    and conditions contained herein and in the Plan (as defined below).

	  		
		(a)	Shares. Pursuant to the 1994 Amended and
    Restated Kinder Morgan, Inc. Long-Term Incentive Plan (the "Plan"), _______ shares
    (the "Restricted Shares") of the Company's common stock, par value $5.00 per
    share ("Stock"), shall be issued as hereinafter provided in Employee's name
    subject to certain restrictions thereon.
	  		
		(b)	Issuance of Restricted Shares. The Restricted
    Shares shall be issued upon acceptance hereof by Employee and upon satisfaction of the
    conditions of this Agreement.
	  		
		(c)	Plan Incorporated. Employee acknowledges
    receipt of a copy of the Plan and agrees that this award of Restricted Shares shall be
    subject to all of the terms and conditions set forth in the Plan, including future
    amendments thereto, if any, pursuant to the terms thereof, which Plan is incorporated
    herein by reference as a part of this Agreement.

	  	
	2.	Restricted Shares. Employee hereby accepts the Restricted Shares when issued
    and agrees with respect thereto as follows:

	  		
		(a)	Forfeiture Restrictions. To the extent then
    subject to the Forfeiture Restrictions (as hereinafter defined), the Restricted Shares
    granted hereunder may not be sold, assigned, transferred, exchanged, pledged, hypothecated
    or encumbered by Employee, and no such sale, assignment, transfer, exchange, pledge,
    hypothecation or encumbrance, whether made or created by voluntary act of Employee or any
    agent of Employee or by operation of law, shall be recognized by, or be binding upon, or
    shall in any manner affect the rights of, the Company or any agent or any custodian
    holding certificates for the Restricted Shares. In the event that the Employee's
    employment with the Company is terminated for Cause or by voluntary resignation prior to
    the lapse of the Forfeiture Restrictions as provided in (b) below, Employee shall, for no
    consideration, forfeit to the Company all Restricted Shares to the extent then subject to
    the Forfeiture Restrictions. The prohibition against transfer and the obligation to
    forfeit and surrender Restricted Shares to the Company upon termination of employment are
    herein referred to as "Forfeiture Restrictions."For purposes of this
    Agreement - "Cause" is defined as:

	  			
			(1)	an act by the Employee of willful misrepresentation, fraud or
    willful dishonesty intended to result in substantial personal enrichment at the expense of
    the Company;

  1

	  			
			(2)	the Employee's willful misconduct with regard to the Company
    that is intended to have a material adverse impact on the Company;
			(3)	the Employee's material, willful and knowing violation of
    Company guidelines or policies or the Employee's fiduciary duties which has or is intended
    to have a material adverse impact on the Company;
			(4)	the Employee's willful or reckless behavior in the
    performance of his or her employment duties which has a material adverse impact on the
    Company;
			(5)	the Employee's willful failure to perform his or her duties
    or to follow a written direction of the Chairman or the board of directors of the Company;
			(6)	the Employee's conviction of, or pleading nolo contendere or
    guilty to, a felony; or
			(7)	any other willful material breach by the Employee of his or
    her obligations to the Company that is not cured within 20 days of receipt of written
    notice from the Company.

	  		
		(b)	Lapse of Forfeiture Restrictions. The
    Restricted Shares shall be divided into increments and, except as provided below, the
    Forfeiture Restrictions shall lapse and cease to apply to Restricted Shares according to
    the following schedule ("Vesting Schedule"):

	  	
	Anniversary of Date of Grant

    

    0  (Date of Grant)

    3  (July 16, 2006)

    5  (July 16, 2008)
	Restricted Shares

    of Grant to Vest

    

     0%

    25%

    75%

	  		
			Restricted Shares shall vest and the Forfeiture Restrictions
    shall lapse with respect to the percentage of Restricted Shares on the anniversaries set
    forth in the Vesting Schedule above only upon the satisfaction prior to the applicable
    anniversary of at least one of the following "Performance Goals": (1) the
    Company's annual earnings per share is at least $3.70 in the calendar year after the Date
    of Grant or one of the succeeding calendar years prior to the applicable anniversary of
    the Date of Grant; or (2) the cash distribution of Kinder Morgan Energy Partners, L.P.
    meets or exceeds $2.72 over any four consecutive calendar quarters prior to the applicable
    anniversary of the Date of Grant commencing with the quarter after the quarter containing
    the Date of Grant; or (3) Stock trades on the New York Stock Exchange at $60 (subject to
    adjustment to the same extent of any stock dividend, stock split, stock combination, stock
    reclassification, or similar event) or greater per share on at least thirty (30)
    consecutive trading days on or after the Date of Grant and prior to the applicable
    anniversary of the Date of Grant; or (4) a bonus is paid under the Company's 2000 Annual
    Incentive Plan of Kinder Morgan, Inc. on or after the Date of Grant and prior to the
    applicable anniversary of the Date of Grant, as a result of the attainment of performance
    goals based on one or more performance criteria set forth in Section 8.03 of the Plan. In
    the event none of the Performance Goals are met prior to the applicable anniversary, then
    the Restricted Shares with respect to which the Forfeiture Restrictions would have lapsed
    upon

 2

	  

			achievement of a Performance Goal prior to that anniversary
    shall be forfeited as of the applicable anniversary. Notwithstanding the foregoing, all
    Restricted Shares shall vest and the Forfeiture Restrictions shall lapse (i) upon the
    termination of the Employee's employment with the Company by reason of death, or (ii) upon
    the occurrence of a Change in Control (as defined in the Plan) if (A) under the terms of
    the last paragraph of Article XIII of the Plan, Awards (as defined in the Plan) become
    exercisable and related restrictions are removed, and (B) the Employee is employed by the
    Company as of the date of the Change in Control. If the Employee's employment with the
    Company is terminated for any reason (including the termination by Employee upon the
    establishment by the Company of a requirement for continued employment that the Employee
    move to a location more than 50 miles from Houston, Texas) other than death, voluntary
    resignation or by the Company for Cause, to the extent the Restricted Shares are subject
    to Forfeiture Restrictions on the date of such termination, such Forfeiture Restrictions
    shall lapse and the Employee shall have rights with respect to the Restricted Shares to
    the same extent as if the Employee's employment had not terminated.Restricted Shares
    with respect to which Forfeiture Restrictions have lapsed shall cease to be subject to any
    Forfeiture Restrictions, and the Company, pending payment of corresponding taxes, shall
    provide the Employee a certificate (without the legend referenced in Section 2(c))below
    representing the shares as to which the Forfeiture Restrictions have lapsed.

    If the employment of Employee with the Company shall terminate prior to the lapse of
    the Forfeiture Restrictions, and there exists a dispute between Employee and the Company
    or the Committee (as defined in the Plan) as to the satisfaction of the conditions to the
    lapse of the Forfeiture Restrictions or the terms and conditions of the grant, the
    Restricted Shares shall remain subject to the Forfeiture Restrictions until the resolution
    of such dispute, except that any dividends that may be payable to the holders of record of
    Stock as of a date during the period from termination of Employee's employment to the
    resolution of such dispute shall:

	  			
				     (1)   to the extent to which such dividends would
    have been payable to Employee on the Restricted Shares, be held by the Company as part of
    its general funds, and shall be paid to or for the account of Employee only upon, and in
    the event of, a resolution of such dispute in a manner favorable to Employee, and then
    only with respect to such of the Restricted Shares as to which such resolution shall be so
    favorable, and     (2)   be retained by the Company in the event of a
    resolution of such dispute in a manner unfavorable to Employee only with respect to such
    of the Restricted Shares as to which such resolution shall be so unfavorable.

	  		
		(c)	Certificates. One or more certificates
    evidencing the Restricted Shares shall be issued by the Company in Employee's name, or at
    the option of the Company, in the name of a nominee of the Company, pursuant to which
    Employee shall have voting rights and 

 3

	  		
			shall be entitled to receive all dividends unless and until
    the Restricted Shares are forfeited pursuant to the provisions of this Agreement. Each
    certificate shall bear the following legend:

	  			
				The shares evidenced by this certificate have been issued
    pursuant to an agreement effective July 16, 2003, a copy of which may be obtained by
    contacting the Company's Secretary, between the Company and the registered holder of the
    shares and are subject to forfeiture to the Company under certain circumstances described
    in such agreement. The sale, assignment, pledge or other transfer of the shares of stock
    evidenced by this certificate is prohibited under the terms and conditions of such
    agreement, and such shares may not be sold, assigned, pledged or otherwise transferred
    except as provided in such agreement.

	  		
			The Company may cause the certificate or certificates to be
    delivered upon issuance to the Secretary of the Company or to such other depository as may
    be designated by the Committee as a depository for safekeeping until the forfeiture occurs
    or the Forfeiture Restrictions lapse pursuant to the terms of the Plan and this Agreement.
    Upon request of the Committee, Employee shall deliver to the Company a stock power,
    endorsed in blank, relating to the Restricted Shares then subject to the Forfeiture
    Restrictions. Upon the lapse of the Forfeiture Restrictions without forfeiture, the
    Company shall deliver to Employee a certificate without legend evidencing the vested
    Restricted Shares with respect to which Forfeiture Restrictions have lapsed, and shall
    retain a certificate representing unvested Restricted Shares still subject to Forfeiture
    Restrictions. Notwithstanding any other provisions of this Agreement, the issuance or
    delivery of any shares of Stock (whether subject to restrictions or unrestricted) may be
    postponed for such period as may be required to comply with applicable requirements of any
    national securities exchange or any requirements of any law or regulation applicable to
    the issuance or delivery of such shares. The Company shall not be obligated to issue or
    deliver any shares of Stock if the issuance or delivery thereof shall constitute a
    violation of any provision of any law or of any regulation of any governmental authority
    or any national securities exchange.

	  	
	3.	Withholding of Tax.  To the extent that
    the receipt of the Restricted Shares or the lapse of any Forfeiture Restrictions results
    in income to Employee for federal, state, or local income tax purposes, Employee shall pay
    to the Company or make arrangements satisfactory to the Committee regarding payment of any
    federal, state, or local taxes of any kind required by law to be withheld with respect to
    such income. The Committee may permit payment of such taxes to be made through the tender
    of cash or stock, the withholding of Stock out of shares otherwise distributable or any
    other arrangement satisfactory to the Committee. The Company shall, to the extent
    permitted by law, have the right to withhold delivery of a stock certificate under Section
    2(c) above or to deduct any such taxes from any payment of any kind otherwise due to the
    Employee.If Employee makes an election under Section 83(b) of the Internal Revenue Code
    of 1986, as amended ("Code") with respect to the Restricted Shares, Employee
    shall promptly notify

 4

	  	
		the Committee of such election. Failure to notify the
    Committee of any tax election made by Employee may, in the discretion of the Committee,
    result in the forfeiture of the Restricted Shares.
	  	
	4.	Status of Stock.  Employee agrees that,
    notwithstanding anything to the contrary herein, the Restricted Shares may not be sold
    or otherwise disposed of in any manner which would constitute a violation of any
    applicable federal or state securities laws. Employee also agrees (i) that certificates
    shall bear the legend or legends as the Committee deems appropriate in order to assure
    compliance with applicable securities laws, (ii) that the Company may refuse to register
    the transfer of the Restricted Shares on the stock transfer records of the Company if such
    proposed transfer would in the opinion of counsel satisfactory to the Company constitute a
    violation of any applicable securities law and (iii) that the Company may give related
    instructions to its transfer agent, if any, to stop registration of the transfer of the
    Restricted Shares.
	  	
	5.	Changes in Capital Structure.  If the
    outstanding shares of Stock or other securities of the Company, or both, shall at any time
    be changed or exchanged by declaration of a stock dividend, stock split, combination of
    shares, or recapitalization, the number and kind of shares of Stock or other securities
    subject to the Restricted Shares shall be appropriately and equitably adjusted in
    accordance with the terms of the Plan.
	  	
	6.	Employment Relationship.  For purposes of
    this Agreement, Employee shall be considered to be in the employment of the Company as
    long as Employee remains an employee of either the Company, any successor corporation or a
    parent or subsidiary of the Company or any successor thereto. Any question as to whether
    and when there has been a termination of such employment, and the cause of such
    termination, shall be determined by the Committee in its sole discretion, and its
    determination shall be final.
	  	
	7.	Committee's Powers.   No provision
    contained in this Agreement shall in any way terminate, modify or alter, or be construed
    or interpreted as terminating, modifying or altering, any of the powers, rights or
    authority vested in the Committee pursuant to the terms of the Plan, including, without
    limitation, the Committee's rights to make certain determinations and elections with
    respect to the Restricted Shares.
	  	
	8.	Binding Effect.   The provisions of
    the Plan and the terms and conditions of this Agreement shall, in accordance with their
    terms, be binding upon, and inure to the benefit of, all successors of Employee,
    including, without limitation, Employee's estate and the executors, administrators, or
    trustees thereof, heirs and legatees, and any receiver, trustee in bankruptcy, or
    representative of creditors of Employee. This Agreement shall be binding upon and inure to
    the benefit of any successors to the Company.
	  	
	9.	Agreement Subject to Plan.  This Agreement
    is subject to the Plan. The terms and provisions of the Plan (including any subsequent
    amendments thereto) are hereby incorporated herein by reference thereto. In the event of a
    conflict between any term or provision contained herein and a term or provision of the
    Plan, the applicable terms and 

 5

	  	
		provisions of the Plan will govern and prevail. All
    definitions of words and terms contained in the Plan shall be applicable to this
    Agreement.
	  	
	10.	Governing Law.   This Agreement shall
    be governed by, and construed in accordance with, the laws of the State of Texas.

IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by an
officer thereunto duly authorized, and Employee has executed this Agreement, all effective
as of the date of first above written.

 

		

      

		
       Joseph Listengart

       VP, General Counsel,

       Kinder Morgan, Inc.

        

        

        

    

    
		Print Employee
    Name

      

      

      

      

		Employee
    Signature

      

      

      

		Employee Social Security Number

  

6Unassociated Document

EXHIBIT 4.8 

 

AMENDMENT NO. 1 

TO RIGHTS AGREEMENT 

This Amendment No. 1 to that certain Rights Agreement (the "Rights Agreement"), dated as of April 1, 1998, between ICO, Inc., a Texas corporation (the "Company"), and Harris Trust & Savings Bank, a national banking association, as Rights Agent (acting at the direction of the Company), is dated as of October 31, 2003. 

RECITALS OF THE COMPANY 

WHEREAS, the Company desires to amend the Rights Agreement in order to accelerate the Final Expiration Date (as defined therein), and Section 29 of the Rights Agreement permits such amendments without the approval of any holders of the Right Certificates (as defined therein); and 

WHEREAS , on October 31, 2003, the Board of Directors of the Company resolved to adopt this Amendment No. 1. 

NOW, THEREFORE, in consideration of the premises and the mutual agreements herein set forth, the parties hereto agree as follows: 

 

1.  The definition of Final Expiration Date contained in Section 1, Certain Definitions , of the Rights Agreement is hereby amended to read as follows: 

"Final Expiration Date" shall mean the Close of Business on November 3, 2003. 

2.  All of the remaining terms and provisions of the Rights Agreement shall remain in full force and effect. 

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to the Rights Agreement to be duly executed, as of the day and year first above written. 

ICO, Inc. 

 

           By                 /s/ Jon C. Biro 

           Name:  Jon C. Biro 

           Title:     Interim Chief Executive Officer and Chief Financial Officer 

 

 

Harris Trust and Savings Bank 

As Rights Agent 

           By                  /s/ Martin J. McHale 

                                                                                   Name:            Martin J. McHale 

                                                                                   Title:               Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}]]