Document:

EX-10.9

 Exhibit 10.9 
  

 
 MASTECH DIGITAL, INC. 

2008 STOCK INCENTIVE PLAN 

RESTRICTED STOCK AGREEMENT 

(as amended and restated) 

THIS RESTRICTED STOCK AGREEMENT, is made as of the date set forth on Schedule A hereto (the “Grant Date”) by and between Mastech
Digital, Inc., a Pennsylvania corporation (the “Corporation”), and the person named on Schedule A hereto (the “Grantee”). 

WHEREAS, Grantee is a valuable employee of the Corporation or one of its subsidiaries (each, an “Affiliate”) and the Corporation
considers it desirable and in its best interest that Grantee be given an inducement to acquire a proprietary interest in the Corporation and an incentive to advance the interests of the Corporation by granting the Grantee restricted shares of common
stock, par value $.01 per share, of the Corporation (the “Stock”); and 
 WHEREAS, the Corporation has adopted the 2008 Stock
Incentive Plan (the “Plan”) under which the Corporation may grant restricted shares of Stock (the “Restricted Shares”) to key employees of the Corporation subject to restrictions set forth in the Plan and this Restricted Stock
Agreement (this “Agreement”). 
 NOW THEREFORE, the parties hereto, intending to be legally bound, hereby agree that as of the
Grant Date, the Corporation hereby grants Grantee the number of Restricted Shares set forth on Schedule A hereto, representing authorized and unissued Stock, upon the terms and conditions set forth in the Plan and this Agreement. 

SECTION 1: Stock Award 

1.1 Subject to the terms and conditions set forth herein and the terms of the Plan, and in order to provide an additional incentive for
Grantee, as a key employee, to work for the long-range success of the Corporation, the Corporation hereby awards to Grantee the number of Restricted Shares set forth on Schedule A hereto. 

SECTION 2: Restrictions on Transfer 

2.1 The Restricted Shares awarded hereunder or any interest therein may not be sold, transferred, assigned, pledged or otherwise disposed of
(any such action being hereinafter referred to as a “Disposition” of the Restricted Shares) by the Grantee until such time as the restrictions lapse with respect to such Restricted Shares pursuant to Sections 3.1 or 3.2 hereof, and
any attempt to make such a Disposition shall be null and void and result in the immediate forfeiture and return to the Corporation, without consideration of any Restricted Shares as to which restrictions on Disposition shall at such time be in
effect. 
 2.2 Grantee agrees that a restrictive legend in substantially the following form may be placed on the certificate or book-entry
account representing the Restricted Shares awarded hereunder: 
 “The sale, transfer, assignment, pledge or other disposition of the
shares represented by this certificate is subject to the restrictions set forth in the Mastech Digital, Inc. 2008 Stock Incentive Plan and in the Restricted Stock Agreement, copies of each of which are available for inspection at the principal
office of Mastech Digital, Inc. No such transaction shall be recognized as valid or effective unless there shall have been compliance with the terms and conditions of such Agreement.” 

 2.3 Grantee hereby authorizes the Corporation or its agents to retain custody of the certificates
or book-entry account representing the Restricted Shares awarded hereunder until such time as the restrictions on Disposition lapse. As soon as practicable after the date on which restrictions on Disposition of any Restricted Shares lapse, the
Corporation will cause to be delivered to Grantee (which delivery may be by the Corporation’s interoffice mail or by the U.S. mail at the last address for Grantee then indicated in the Corporation’s records) certificates for such
Restricted Shares registered in the name of Grantee with the restrictive legend described in Section 2.2 hereof removed, or credit such Restricted Shares to a book-entry account in the Grantee’s name. 

2.4 Grantee understands that the transfer agent for the Stock will be instructed to effect transfers of the Restricted Shares awarded
hereunder only upon satisfaction of the conditions set forth herein and in the Plan. 
 SECTION 3: Lapse of Restrictions and Forfeiture of
Restricted Shares 
 3.1 If Grantee remains continuously employed by the Corporation through the close of business on the vesting dates
as set forth in Schedule A, the restrictions on such Restricted Shares shall lapse and Grantee shall receive such Restricted Shares free of the restrictions on Disposition set forth in Section 2.1 hereof. 

3.2 Notwithstanding Section 3.1 hereof, the restrictions on Disposition of the Restricted Shares set forth in Section 2.1 hereof
shall lapse immediately upon termination of Grantee’s active employment with the Corporation, prior to vesting, if such termination is by reason of (i) Grantee’s death or (ii) Grantee’s disability (covered by a long-term
disability plan of the Corporation or an Affiliate then in effect). 
 3.3 Upon the effective date of a termination of Grantee’s
employment with the Corporation for any reason not specified in Section 3.2 above, all Restricted Shares then subject to restrictions on Disposition shall immediately be forfeited and returned to the Corporation without consideration or further
action being required of the Corporation. For purposes of the immediately preceding sentence, the effective date of Grantee’s termination shall be the date upon which Grantee ceases to perform services as an employee of the Corporation or any
of its subsidiaries, including accrued vacation and severance time. 
 SECTION 4: Miscellaneous 

4.1 Notwithstanding any other provision of this Agreement, Grantee hereby agrees to take any action, and consents to the taking of any action
by the Corporation, with respect to the Restricted Shares awarded hereunder necessary to achieve compliance with applicable laws or regulations in effect from time to time. Any determination by the Compensation Committee of the Board of Directors of
the Corporation (the “Committee”) with respect to the need for any action in order to achieve such compliance with laws or regulations shall be final, binding and conclusive. The Corporation shall in no event be obligated to
register any securities pursuant to the Securities 

  
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Act of 1933 (as the same shall be in effect from time to time) or to take any other affirmative action in order to cause the award of Restricted Shares under the Plan, the lapsing of restrictions
thereon or the delivery of certificates therefore to comply with any law or regulation in effect from time to time. 
 4.2 Grantee shall be
advised by the Corporation or an Affiliate as to the amount of any federal, state, local or foreign income or employment taxes required to be withheld by the Corporation or such Affiliate on the compensation income resulting from the award of, or
lapse of, restrictions on the Restricted Shares. Grantee shall pay any taxes required to be withheld directly to the Corporation or any Affiliate in cash upon request; provided, however, that where the restrictions on Disposition set forth in
Section 2.1 hereof have lapsed Grantee may satisfy such obligation in whole or in part by requesting the Corporation in writing to withhold from the Restricted Shares otherwise deliverable to Grantee or by delivering to the Corporation shares
of the Grantee’s Stock having a Fair Market Value, as defined in the Plan, on the date as of which such taxes are calculated, equal to the amount of the aggregate minimum statutory withholding tax obligation to be so satisfied. Grantee
understands that the Company is not obligated to deliver the Restricted Shares unless and until Grantee shall have satisfied any obligation for withholding taxes with respect thereto as provided herein. 

4.3 Grantee hereby indemnifies the Corporation and holds it harmless from and against any and all damages or liabilities incurred by the
Corporation (including liabilities for attorneys’ fees and disbursements) arising out of any breach by Grantee of this Agreement, including, without limitation, any attempted Disposition in violation of Section 2.1 hereof. 

4.4 Nothing herein shall be construed as giving Grantee any right to be retained in the employ of the Corporation or affect any right which
the Corporation may have to terminate the employment of such Grantee. 
 4.5 This Agreement is subject in all respects to the terms of the
Plan, as amended and interpreted from time to time by the Plan Administrator; provided, however, that no alteration, amendment, revocation or termination of the Plan shall, without the written consent of Grantee, adversely affect the rights of
Grantee with respect to the Restricted Shares. Should there be any inconsistency between the provisions of this Agreement and the terms and conditions of the Plan, the provisions in the Plan shall govern. 

4.6 This Agreement shall be construed and enforced in accordance with the laws of the Commonwealth of Pennsylvania, other than any choice of
law provisions calling for the application of laws of another jurisdiction. 
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first
above written. 
  

			
	MASTECH DIGITAL, INC.
		
	By:	 	 
		 	

 
			
	
	GRANTEE
		
		 	 

  
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 Schedule A 

	 	1.	Grantee: 

  

	 	2.	Grant Date: 

  

	 	3.	Number of Restricted Shares covered by the grant 

  

	 	4.	Time restrictions / vesting schedule: 

  

	 	(i)	             Restricted Shares vest on             ; 

 

	 	(ii)	             Restricted Shares vest on             ; 

 

	 	(iii)	             Restricted Shares vest on             ; 

 

	 	(iv)	             Restricted Shares vest on             . 

 

	
	   

	 Initials of Authorized Officer of
 MASTECH
DIGITAL, INC.

 
	
	
	   

	Grantee’s Initials

  
 -5-EX-10.10

 Exhibit 10.10 
  

 
 NON-QUALIFIED STOCK OPTION AGREEMENT 

UNDER THE 
 MASTECH
DIGITAL, INC. 
 STOCK INCENTIVE PLAN 

(as amended and restated) 

(the “Plan”) 

This Agreement is made as of the date set forth on Schedule A hereto (the “Grant Date”) by and between Mastech Digital, Inc., a
Pennsylvania corporation (the “Corporation”), and the person named on Schedule A hereto (the “Optionee”). 
 WHEREAS,
Optionee is a valuable employee of the Corporation or one of its subsidiaries and the Corporation considers it desirable and in its best interest that Optionee be given an inducement to acquire a proprietary interest in the Corporation and an
incentive to advance the interests of the Corporation by granting the Optionee an option to purchase shares of common stock of the Corporation (the “Common Stock”); 

NOW, THEREFORE, the parties hereto, intending to be legally bound, hereby agree that as of the Grant Date, the Corporation hereby grants
Optionee an option to purchase from it, upon the terms and conditions set forth in the Plan, that number of shares of the authorized and unissued Common Stock of the Corporation as is set forth on Schedule A hereto. 

Terms of Stock Option. The option to purchase Common Stock granted hereby is subject to the terms, conditions, and covenants set forth
in the Plan as well as the following: 
  

	 	a)	This option shall constitute a Non-Qualified Stock Option which is not intended to qualify under Section 422 of the Internal Revenue Code of 1986, as amended; 

 

	 	b)	The per share exercise price for the shares subject to this option is set forth on Schedule A hereto; 

  

	 	c)	If the Corporation’s shareholders do not approve an increase in the number of shares reserved under the Plan at the annual shareholder meeting held in 2016, (a) this option will be deemed forfeited ab initio
without any further action by the Corporation and/or the Optionee and (b) no further compensation will be due to the Optionee. If such share increase is timely approved by the Corporation’s shareholders, this option shall vest in
accordance with the vesting schedule set forth on Schedule A hereto; 

  

	 	d)	No portion of this option may be exercised more than ten (10) years from the Grant Date; and 

  

	 	e)	If requested by the Company, the Optionee shall have signed an Employment Agreement in a form satisfactory to the Company, as evidenced by the Company’s execution of such Employment Agreement. 

  
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 Payment of Exercise Price. This option may be exercised, in part or in whole, only by
written request to the Corporation accompanied by payment of the exercise price in full either (i) in cash for the shares with respect to which it is exercised; (ii) by delivering to the Corporation a notice of exercise with an irrevocable
direction to a broker-dealer registered under the Act to sell a sufficient portion of the shares and deliver the sale proceeds directly to the Corporation to pay the exercise price; or (iii) by delivering shares of Common Stock or a combination
of shares and cash having an aggregate Fair Market Value (as defined in the Plan) equal to the exercise price of the shares being purchased; provided, however, that shares of Common Stock delivered by the Optionee may be accepted as full or partial
payment of the exercise price for any exercise of the option hereunder only if the shares have been held by the Optionee for at least six (6) months. To the extent required by the Corporation, Optionee shall also tender at the time of exercise
cash equal to the amount of federal and state withholding taxes due in connection with such exercise. 
 Miscellaneous. 

 

	 	a)	This Agreement is binding upon the parties hereto and their respective heirs, personal representatives, successors and assigns. 

  

	 	b)	This Agreement will be governed and interpreted in accordance with the laws of the Commonwealth of Pennsylvania, and may be executed in more than one counterpart, each of which shall constitute an original document.

  

	 	c)	No alterations, amendments, changes or additions to this agreement will be binding upon either the Corporation or Optionee unless reduced to writing and signed by both parties. 

 

	 	d)	Optionee acknowledges receipt of a copy of the Plan as presently in effect. All of the terms and conditions of the Plan are incorporated herein by reference (including but not limited to capitalized terms not otherwise
defined herein) and this option is subject to such terms and conditions in all respects. 

  

	 	e)	This Agreement and the Plan constitute the entire agreement of the parties with respect to the subject matter hereof, and supersede any prior written or oral agreements. 

In witness whereof, the parties have executed this Agreement as of the Grant Date. 

 

			
	MASTECH DIGITAL, INC.
		
	By:	 	 
		 	John J. Cronin, Jr.

 
			
	
	OPTIONEE
		
		 	 

  
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 Schedule A 
  

	 	1.	Optionee: 

  

	 	2.	Grant Date: 

  

	 	3.	Number of Shares of Common Stock covered by the Option: 

  

	 	4.	Exercise Price: 

  

	 	5.	Subject to the condition set forth in subsection (c) of the section of the Agreement entitled “Terms of the Stock Options,” the Option shall vest in accordance with the following schedule:

  

	 	(i)	             shares shall vest on             ; 

 

	 	(ii)	             shares shall vest on             ; 

 

	 	(iii)	             shares shall vest on             ; 

 

	 	(iv)	             shares shall vest on             ; 

 

	 	(v)	             shares shall vest on             . 

Vesting ceases immediately on termination of employment for any reason, and any portion of the Option that has not vested on or prior to the
date of such termination is forfeited on such date. 

  
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	 	6.	The last day on which the vested portion of the Option may be exercised is the earliest of: 

  

	 	(i)	                    ; 

  

	 	(ii)	the date on which the Optionee’s employment terminates for “cause” (as defined in the Plan) or on which the Optionee becomes an officer, director, employee or consultant of a “Competing
Business” (as defined in the Plan); 

  

	 	(iii)	three months after the Optionee’s termination of employment other than for “cause” or due to disability or retirement (as defined in the Plan); or 

 

	 	(iv)	one year following the Optionee’s death or his termination of employment due to disability or retirement (as defined in the Plan). 

 

	
	   

	Initials of Authorized Officer of
	MASTECH DIGITAL, INC.

 
	
	
	   

	Optionee’s Initials

  
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