Document:

RESTRICTED STOCK AGREEMENT

                                                                                                                                                        Exhibit
10.1

 

 

 

PERFORMANCE RESTRICTED STOCK UNIT AGREEMENT

 

 

This
AGREEMENT (the “Agreement”) made as of March 20, 2009 (the “Date of Grant”) by
and between MACY'S, INC., a Delaware corporation (the “Company”), and ______
(the “Grantee”).

 

1.     
Grant of Performance Restricted
Stock Unit.  Subject to and upon the
terms, conditions, and restrictions set forth in this Agreement and in the
Company's [1995 Executive Equity Incentive Plan/1994 Stock Incentive Plan] (the
“Plan”), as amended from time to time, the Company hereby grants to the Grantee
as of the Date of Grant ______ Performance Restricted Stock Units (the “Performance
Units”). Each Performance Unit represents the right to receive one share of common
stock of the Company (“Common Stock”), subject to the terms and conditions as
set forth below.  

 

2.     
Limitations on Transfer of Performance
Units; Performance Period.  

 

            (a)        During
the Performance Period hereinafter described, the Performance Units may not be
transferred, sold, pledged, exchanged, assigned or otherwise encumbered or
disposed of by the Grantee, except to the Company, until they become
nonforfeitable (“vest”) in accordance with Section 3; provided, however, that
the Grantee's interest in the Performance Units may be transferred at any time
by will or the laws of descent and distribution.

 

            (b)        The Performance
Period shall commence on February 1, 2009 (the “Commencement Date”) and, except
as otherwise provided in this Agreement, will expire in full on January 28,
2012.

 

3.     
Vesting of Performance
Units.  

 

Subject to Section 4 below, the Performance Units
granted pursuant to this Agreement shall have performance criteria based on relative
Total Shareholder Return (TSR) and shall vest at the end of the Performance
Period as follows:

 

•    If the Company's TSR for the Performance
Period is equal to or below the 50th percentile of the TSR for the
peer group (“Peer Group”) identified in Schedule A attached hereto for the
Performance Period, then 0% of the Performance Units will be earned.  

 

•    If the Company's TSR for the Performance
Period is greater than the 50th percentile but equal to or below the
66th percentile of the TSR for the Peer Group for the Performance
Period, then 75% of the Performance Units will be earned.  

 

•    If the Company's TSR for the Performance
Period is above the 66th percentile of the TSR for the Peer Group
for the Performance Period, then 100% of the Performance Units will be earned. 

 

 

No restrictions shall lapse on any Performance Unit
until the Compensation and Management Development (“CMD”) Committee of the
Board certifies in writing that the performance criteria associated with those
Performance Units has been satisfied.

 

For purposes of this Agreement, TSR shall mean the
change in the value of the applicable common stock over the Performance Period,
taking into account both stock price appreciation and the reinvestment of
dividends.  The beginning and ending stock prices will be based on a 20-day
average closing stock price.  TSR will be calculated on a compound annualized
basis over the Performance Period.  Relative TSR shall mean the percentile rank
of the Company's TSR compared to the TSR of the Peer Group, excluding Macy's
results from the data array, over the Performance Period.  Peer Group companies
that are no longer publicly-traded at the end of the Performance Period will be
removed from the relative TSR calculation.

 

4.   Forfeiture of Performance Units.   Notwithstanding
the provisions of Section 3 above all unvested Performance Units shall be
forfeited if the Grantee ceases to be continuously employed by the Company at
any time prior to the end of the Performance Period for any reason, unless the
Grantee’s employment ceases following a Change in Control (as described below),
because of Grantee’s death or permanent and total disability while in the
employ of the Company, or because of Grantee's retirement on or after age 55
with at least 10 years of service:  

 

(i)    In the event that Grantee retires on or after
age 55 with at least 10 years of service, dies or becomes permanently and
totally disabled during the Performance Period, the Grantee (or his or her
estate, as appropriate) will receive at the end of the Performance Period the
percentage of Performance Units determined under Section 3 above, pro rated from
the Commencement Date through the date of such retirement, death or disability
based on the number of completed months of service during the Performance
Period divided by 36.

 

(ii)    In the event of a Change in Control,
Performance Units will convert to time-based restricted stock units without
pro-ration for the percentage of the Performance Period that has elapsed since
the Commencement Date, as follows:

 

•   If
the Change in Control occurs prior to the 18-month anniversary of the
Commencement Date, then 100% of the Performance Units will convert to
time-based restricted stock units;

•   If
the Change in Control occurs after the 18-month anniversary of the Commencement
Date, the conversion of Performance Units to time-based restricted stock units will
be based on the Company's TSR with respect to the Peer Group from the
Commencement Date to the date of the Change in Control;

•   The
vesting of the time-based restricted stock units as so converted 

o    will
be accelerated if the Grantee is terminated by the Company or the continuing entity
without Cause or if the Grantee voluntarily terminates employment with Good
Reason within the 18-month period following the Change in Control; 

o    will
be accelerated at the Change in Control if awards are not assumed or replaced
by the acquirer/continuing entity on terms deemed by the CMD Committee to be
appropriate; and

o    will
occur January 28, 2012 if vesting has not been accelerated as provided above.

 

For purposes of this
Agreement, “Cause” shall mean that the Grantee has committed prior to
termination of employment any of the following acts:

 

a)      an intentional act of fraud,
embezzlement, theft, or any other material violation of law in connection with
the Grantee's duties or in the course of the Grantee's employment;

b)      intentional wrongful damage to
material assets of the Company;

c)      intention wrongful disclosure of
material confidential information of the Company;

d)      intentional wrongful engagement in
any competitive activity that would constitute a material breach of the duty of
loyalty; or

e)      intentional breach of any stated
material employment policy of the Company.

 

For purposes of this
Agreement, “Good Reason” shall mean:

 

1)    the failure to elect or reelect
the Grantee in the office or position, or a substantially equivalent office or
position, of or with the Company and/or any subsidiary, as the case may be,
which the Grantee held immediately prior to a Change in Control;

2)    a significant adverse change in
the nature or scope of the authorities, powers, functions, responsibilities, or
duties attached to the position with the Company and/or any subsidiary which
the Grantee held immediately prior to the Change in Control, a reduction in the
aggregate amount of the Grantee's combined base pay and incentive pay
receivable from the Company and its subsidiaries , taken as a whole, or the
termination or denial of the Grantee's rights to employee benefits or a
reduction in the scope or value thereof, except for any such termination or
denial, or reduction in the scope or value, of any employee benefits applicable
generally to all recipients of or participants in such employee benefits;

3)    a determination by the Grantee
(which determination will be conclusive and binding upon the parties hereto
provided it has been made in good faith and in all events will be presumed to
have been made in good faith unless otherwise shown by the Company by clear and
convincing evidence) that a change in circumstances has occurred following a
Change in Control, including without limitation a change in the scope of the
business or other activities for which the Grantee was responsible immediately
prior to the Change in Control, which has rendered the Grantee substantially
unable to carry out, has substantially hindered the Grantee's performance of,
or has caused the Grantee to suffer a substantial reduction in, any of the
authorities, powers, functions, responsibilities, or duties attached to the
position held by the Grantee immediately prior to the Change In Control, which
situation is not remedied within 10 calendar days after written notice to the Company
from the Grantee;

4)    the liquidation, dissolution,
merger, consolidation or reorganization of the Company or transfer of all or
substantially all of its business and/or assets, unless the successor shall
have assumed all duties and obligations of the Company under the Agreement; or

5)    the Company requires the Grantee
to change the Grantee's principal location of work to any location which is in
excess of 25 miles from the location thereof immediately prior to the Change in
Control or requires the Grantee to travel away from the Grantee's office in the
course of discharging the Grantee's responsibilities or duties at least 20%
more than was required in any of the three full calendar years immediately
prior to the Change in Control.

 

5.     
Dividend, Voting and Other
Rights.  Except as otherwise provided
herein, the Grantee shall have none of the rights of a shareholder, including
the right to vote any or all of the Performance Units, prior to the vesting of
awards as set forth in Sections 3 and 4.  An amount representing dividends
payable on shares of Common Stock equal in number to the Performance Units held
by the Grantee on a dividend record date shall be deemed reinvested in Common
Stock and credited as restricted stock units as of the dividend payment date. 
Any such restricted stock units will be subject to the terms and restrictions
defined in this Agreement.  If there is any change in the outstanding Common
Stock by reason of a stock dividend, stock split, combination of shares,
recapitalization, merger, consolidation, separation or other corporate reorganization
of the Company, the CMD Committee shall determine the appropriate adjustment to
the Performance Units, if any, needed to reflect such change.

 

6.     
Settlement of Performance
Units.  As soon as administratively
feasible following the end of the Performance Period and certification in
writing by the CMD Committee as to the level of satisfaction of the performance
goals, but in no event later than two and a half months after the end of the Performance
Period, the Company shall cause to be paid to the Grantee 

 

(i)    a number of shares of Common Stock equal to the
number of Performance Units to which the Grantee is entitled, with a cash
component representing fractional shares, if any, plus 

(ii)    a number of shares of Common Stock equal to
the number of restricted stock units attributed to earned dividend equivalents
on those Performance Units, with a cash component representing fractional
shares, if any.  

 

In the event Performance
Units are not earned, those Performance Units, and the related restricted stock
units attributed to dividend equivalents on those Performance Units, shall be
forfeited.  

 

7.     
Clawback.   In the event the Company restates its financial
results with respect to the Company's performance during the Performance Period
to correct a material error that the CMD Committee determines is the result of
fraud or intentional misconduct, then Grantee shall repay to the Company all
income, if any, derived from the Performance Units.

 

8.     
No Employment Contract. Nothing contained in this Agreement shall confer
upon the Grantee any right with respect to continuance of employment by the
Company, nor limit or affect in any manner the right of the Company to
terminate the employment or adjust the compensation of the Grantee.

 

9.     
Taxes and Withholding.  If the Company shall be required to withhold any
federal, state, local or foreign tax in connection with the vesting of the
Performance Units or the issuance of any unrestricted Common Shares or other
securities following vesting pursuant to this Agreement, it shall be a
condition to such vesting or issuance that the Grantee pay the tax or make
provisions that are satisfactory to the Company for the payment thereof.
Unless the Grantee makes alternative arrangements satisfactory to the Company
prior to the vesting of the Performance Units or the issuance of unrestricted
Common Shares, as the case may be, the Grantee will satisfy the minimum
statutory tax withholding obligations by surrendering to the Company a portion
of the nonforfeitable and unrestricted Common Shares that are issued or
transferred to the Grantee hereunder following the vesting of the Performance
Units, and the Common Shares so surrendered by the Grantee shall be credited
against any such withholding obligation at the Market Value per Share of such
shares on the date of the issuance of such Common Shares.

 

10.  Compliance with Law.  The Company shall make reasonable efforts to comply with all
applicable federal and state securities laws; provided, however, notwithstanding
any other provision of this Agreement, the Company shall not be obligated to
issue any Performance Units or unrestricted Common Shares or other securities
pursuant to this Agreement if the issuance thereof would result in a violation
of any such law.

 

11.    Relation to Other Benefits.  Any economic or other benefit to the Grantee under
this Agreement shall not be taken into account in determining any benefits to
which the Grantee may be entitled under any profit-sharing, retirement or other
benefit or compensation plan maintained by the Company and shall not affect the
amount of any life insurance coverage available to any beneficiary under any
life insurance plan covering employees of the Company. 

 

12.    Amendments. 
Any amendment to the Plan shall be deemed to be an amendment to this Agreement
to the extent that the amendment is applicable hereto; provided, however, that
no amendment shall adversely affect the rights of the Grantee under this
Agreement without the Grantee's consent.

 

13.    Severability. 
In the event that one or more of the provisions of this Agreement shall be
invalidated for any reason by a court of competent jurisdiction, any provision
so invalidated shall be deemed to be separable from the other provisions
hereof, and the remaining provisions hereof shall continue to be valid and
fully enforceable.

 

14.    Relation to Plan; Miscellaneous.  This Agreement is subject to the terms and
conditions of the Plan. In the event of any inconsistent provisions between
this Agreement and the Plan, the Plan shall govern.  Capitalized terms used
herein without definition shall have the meanings assigned to them in the
Plan. All references in this Agreement to the Company shall be deemed to
include, unless the context in which it is used suggests otherwise, its
subsidiaries, divisions and affiliates.

 

15.  Successors and Assigns.  Subject to Section 2 hereof, the provisions of this
Agreement shall inure to the benefit of, and be binding upon, the successors,
administrators, heirs, legal representatives and assigns of the Grantee, and
the successors and assigns of the Company; provided, however, that a transferee
shall not further transfer shares of Performance Units other than by will or by
the laws of descent and distribution unless the Company consents in writing to
such transfer.

 

16.  Governing Law. 
The interpretation, performance, and enforcement of this Agreement shall be
governed by the laws of the State of Delaware.

 

            

IN WITNESS WHEREOF, the
Company has caused this Agreement to be executed on its behalf by its duly
authorized officer, and Grantee has also executed this Agreement in duplicate,
as of the day and year first above written.

 

 

 

MACY'S,
INC.

 

 

By:
___________________________________

 

Title: __________________________________

 

 

 

_______________________________________

[                           
], Grantee

 

Schedule A

Peer Group

 

Dillard's

GAP

J.C. Penney

Kohl's

Limited
Brands

Nordstrom

Sears
Holdings

Target

TJX Companies

Walmartexhitbit1019a.htm

    
      PRESSTEK,
INC.

       

      NONQUALIFIED STOCK OPTION
AGREEMENT

       

      Presstek,
Inc. hereby grants the following nonqualified stock option pursuant to the
Presstek, Inc. 2008 Omnibus Incentive Plan.  The terms and conditions
set forth below and the terms of the Plan are also a part of this
Agreement.

       

      
        	
                Name
      of Employee (the “Optionee”):

              	 
      
	
                Date
      of this option grant:

              	 
      
	
                Number
      of shares of the Company’s Common Stock subject to this option (“Option Shares”):

              	 
      
	
                Option
      exercise price per share:

              	 
      
	
                Vesting
      Time Period:

              	 
      
	
                Option
      Expiration Date

              	 
      

      

      

       

      Option Vesting
Schedule:

       

      [TO BE
COMPLETED]

       

      

      
        	
                 

                Except
      as provided in this Agreement, vesting of options is dependent on the
      continuation of service with the Company and unvested options expire
      immediately upon termination of employment.  Vested options
      generally may be exercised after termination of employment for a limited
      period of thirty (30) days.

              
	 
      

      

      

       

      
        	 
      	
                 

                Presstek,
      Inc.

              
	 
      	
                By:

                 

                
                   

                

                 

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

       

      
        
          
             

            

            

            BST99 1433620-3.069646.0010

          

           

        

        
           

          
            

          

        

        
           

        

      

      1. Grant Under
Plan.  This option is granted pursuant to the Presstek, Inc.
(the “Company”) 2008 Omnibus Incentive Plan (the “Plan”), and is
governed by, and subject to, all of the terms and conditions set forth in the
Plan.  Notwithstanding anything in this Agreement to the contrary, to
the extent of any conflict between the terms of the Plan and this Agreement, the
terms of the Plan shall control. Unless the context otherwise requires, terms
used herein shall have the same meaning as in the Plan.

       

      2. Grant as Nonqualified Stock
Option.  This option is not intended to qualify as an incentive
stock option under Section 422 of the Internal Revenue Code of 1986, as amended,
and the regulations thereunder (the “Code”).

       

      3. Vesting and Exercisability
of Option if Service Continues.  Provided that the Optionee has
remained in continuous service with the Company through the dates listed on the
vesting schedule set forth on the cover page hereof, the option shall vest with
respect to the Option Shares on such dates.  No portion of this option
may be exercised until such portion shall have vested in accordance with the
vesting schedule set forth on the cover page hereof.

       

      4. Termination of
Service.

       

      (a) Termination Other than by
reason of Death, Disability or for Cause.  If the Optionee
ceases to be a employee of the Company, other than by reason of death or
disability as defined in Section 5 hereof or as a result of termination for
Cause as defined in Section 1.4 of the Plan, this option may thereafter be
exercised, to the extent it is vested and exercisable on the date of such
termination, until the expiration of thirty (30) days from the date of
termination of employment.  Any portion of this option that is not
vested on the Optionee’s date of termination of employment shall immediately
expire and be forfeited.  This option shall not be affected by any
change of service within or among the Company and its subsidiaries so long as
the Optionee continuously remains an employee of the Company or any
subsidiary.

       

      (b) Termination for
Cause.  If the employment of the Optionee is terminated for
Cause (as defined in Section 1.4 of the Plan), this option, whether vested or
not, shall terminate immediately, shall immediately expire and be forfeited, and
any and all rights which the Optionee may have had with respect to such option
shall be extinguished.

       

      5. Death;
Disability.

       

      (a) Death.  If
the Optionee dies while in the employ of the Company, this option (i) shall
fully vest to the extent any portion is unvested and (ii) may be exercised, by
the Optionee’s estate, personal representative or beneficiary, at any time after
the date of death for a period of one (1) year, but not later than the scheduled
expiration date.

       

      (b) Disability.  If
the Optionee ceases to be employed by the Company by reason of his or her
disability, this option (i) shall fully vest to the extent any portion is
unvested and (ii) may be exercised, at any time after such cessation of service
for a period of one (1) year, but not later than the scheduled expiration
date.  For purposes hereof, “disability” means
“permanent and total
disability” as defined in Section 22(e) (3) of the Internal Revenue Code
of 1986, as amended.

       

      
        
          
             

            

            

            BST99 1433620-3.069646.0010

          

           

        

        
           

          
            

          

        

        
           

        

      

      

       

      6. Partial
Exercise.  This option may be exercised, to the extent that it
is vested, in part at any time and from time to time, except that this option
may not be exercised for a fraction of a share.

       

      7. Payment of Exercise
Price.

       

      (a) Payment
Options.  The aggregate exercise price for the Option Shares
elected to be purchased shall be paid by one or any combination of the following
forms of payment that are applicable to this option:

       

      
        	
                (i)  

              	
                in
      cash, by certified or bank check payable to the order of the Company in an
      amount equal to the aggregate exercise price of such Option
      Shares;

              

      

       

      
        	
                (ii)  

              	
                subject
      to Section 7(b) below, if the Common Stock is then traded on a national
      securities exchange or on the Nasdaq National Market (or successor trading
      system), by delivery of shares of Common Stock having a Fair Market Value
      equal as of the date of exercise to the aggregate exercise price of such
      Option Shares; or

              

      

       

      
        	
                (iii)  

              	
                if
      the Common Stock is then traded on a national securities exchange or on
      the Nasdaq National Market (or successor trading system), by method of a
      cashless exercise in such form as may be approved from time to time in the
      Committee’s sole discretion in an undertaking by a creditworthy broker to
      deliver promptly to the Company sufficient funds to pay the aggregate
      exercise price of the Option Shares, or delivery by the Optionee to the
      Company of a copy of irrevocable and unconditional instructions to a
      creditworthy broker to deliver promptly to the Company cash or a check
      sufficient to pay the aggregate exercise price of the Option
      Shares.

              

      

       

      (b) Limitations on Payment by
Delivery of Common Stock.  If Section 7(a)(ii) is applicable,
and if the Optionee delivers Common Stock held by the Optionee (“Old Stock”) to the
Company in full or partial payment of the exercise price for the Option Shares
elected to be purchased and the Old Stock so delivered is subject to
restrictions or limitations imposed by agreement between the Optionee and the
Company, an equivalent number of Option Shares shall be subject to all
restrictions and limitations applicable to the Old Stock to the extent that the
Optionee paid for the Option Shares by delivery of Old Stock, in addition to any
restrictions or limitations imposed by this
Agreement.  Notwithstanding the foregoing, the Optionee may not pay
any part of the exercise price hereof by transferring Common Stock to the
Company unless such Common Stock has been owned by the Optionee free of any
substantial risk of forfeiture for at least six months.

       

      
        
          
            BST99 1433620-3.069646.0010

          

           

        

        
           

          
            

          

        

        
           

        

      

      

       

      8. Securities Laws Restrictions
on Resale.  Until registered under the Securities Act of 1933,
as amended, or any successor statute (the “Securities Act”), the
Option Shares when issued upon exercise will be of an illiquid nature and will
be deemed to be “restricted
securities” for purposes of the Securities Act.  Accordingly,
such shares must be sold in compliance with the registration requirements of the
Securities Act or an exemption therefrom.  Unless the Option Shares
have been registered under the Securities Act, each certificate evidencing any
of the Option Shares shall bear a legend specified by the Company.  It
is the Comp0any’s intention to register the Option Shares prior to the first
scheduled vesting date with respect to this option.

       

      9. Method of Exercising
Option.  Subject to the terms and conditions of this Agreement,
this option may be exercised by notice, given in writing or by an approved form
of electronic transmission, to the Company at its principal executive office, or
to such transfer agent as the Company shall designate.  Such notice
shall state the election to exercise this option and the number of Option Shares
which have vested at the time of delivery of such notice and which are being
exercised and, if in writing, shall be signed by the person or persons so
exercising this option.  Such notice shall be accompanied by payment
of the full aggregate exercise price of such shares or by delivery of required
documentation pursuant to Section 7 (a) (iii), and the Company shall deliver a
certificate or certificates representing such shares as soon as practicable
after the notice and the full purchase price having been
received.  Such certificate or certificates shall be registered in the
name of the person or persons so exercising this option (or, if this option
shall be exercised by the Optionee and if the Optionee shall so request in the
notice exercising this option, shall be registered in the name of the Optionee
and another person jointly, with right of survivorship).  In the event
this option shall be exercised, pursuant to Section 5 hereof, by any person or
persons other than the Optionee, such notice shall be accompanied by appropriate
proof of the right of such person or persons to exercise this
option.

       

      10. Option Not
Transferable.  This option is not transferable or assignable
except by will or by the laws of descent and distribution.  During the
Optionee’s lifetime only the Optionee can exercise this option.

       

      11. No Obligation to Exercise
Option.  The grant and acceptance of this option imposes no
obligation on the Optionee to exercise it.

       

      12. No Obligation to Continue
Service.  Neither the Plan nor this Agreement imposes any
obligation on the Company to continue the Optionee’s
employment.  Neither the Plan nor this Agreement interferes in any way
with the right of the Company to terminate the Optionee’s service at any
time.

       

      13. Adjustments.  Except
as is expressly provided in the Plan with respect to certain changes in the
capitalization of the Company, no adjustment shall be made for dividends or
similar rights for which the record date is prior to such date of
exercise.

       

      

       

      
        
          
             

            

            

            BST99 1433620-3.069646.0010

          

           

        

        
           

          
            

          

        

        
           

        

      

      

       

      14. Withholding
Taxes.  If the Company in its discretion determines that it is
obligated to withhold any tax in connection with the exercise of this option, or
in connection with the transfer of, or the lapse of restrictions on, any Common
Stock or other property acquired pursuant to this option, the Optionee hereby
agrees that the Company may withhold from the Optionee’s wages or other
remuneration the appropriate amount of tax.  At the discretion of the
Company, the amount required to be withheld may be withheld in cash from such
wages or other remuneration or in kind from the Common Stock or other property
otherwise deliverable to the Optionee on exercise of this option.  The
Optionee further agrees that, if the Company does not withhold an amount from
the Optionee’s wages or other remuneration sufficient to satisfy the withholding
obligation of the Company, the Optionee will make reimbursement on demand, in
cash, for the amount underwithheld.

       

      15. Disposition.  The
Optionee agrees to notify the Company in writing immediately after the Optionee
transfers any Option Shares and agrees to provide the Company with any
information concerning any such transfer required by the Company for tax
purposes.

       

      16. Lock-up
Agreement.  The Optionee agrees that if the Company proposes to
offer for sale to the public any shares of Common Stock pursuant to a public
offering under the Securities Act of 1933, as amended (the “Act”), and if
requested by the Company or any underwriter engaged by the Company, Optionee
shall not, directly or indirectly, offer, sell, pledge, contract to sell
(including any short sale), grant any option to purchase, or otherwise dispose
of any securities of the Company held by him, her or them (except for any
securities sold pursuant to such registration statement) for such period
following the effective date of the registration statement of the Company filed
under the Act with respect to such offering, as the Company or such underwriter
shall specify reasonably and in good faith, not to exceed ninety (90)
days.

       

      17. Arbitration.  Any
dispute, controversy, or claim arising out of, in connection with, or relating
to the performance of this Agreement or its termination shall be settled by
arbitration in the state of Connecticut, pursuant to the rules then obtaining of
the American Arbitration Association.  Any award shall be final,
binding and conclusive upon the parties and a judgment rendered thereon may be
entered in any court having jurisdiction thereof.

       

      18. Provision of Documentation
to Optionee.  By signing this Agreement, the Optionee
acknowledges receipt of a copy of this Agreement and a copy of the
Plan.

       

      19. Administration.  All
questions of interpretation concerning this Agreement shall be determined by the
Committee.  All determinations by the Committee shall be final and
binding upon all persons having an interest in this option.

       

      
        
          
             

            

            

            BST99 1433620-3.069646.0010

          

           

        

        
           

          
            

          

        

        
           

        

      

      

       

      20. Miscellaneous.

       

      (a) Notices.  All
notices hereunder shall be in writing and shall be deemed given when sent by
certified or registered mail, postage prepaid, return receipt requested, if to
the Optionee, to the address shown on the records of the Company, and if to the
Company, to the Company’s principal executive offices, attention of the
Corporate Secretary.

       

      (b) Entire Agreement;
Modification.  This Agreement and the Plan constitute the
entire agreement between the parties relative to the subject matter hereof, and
supersede all proposals, written or oral, and all other communications between
the parties relating to the subject matter of this Agreement.  This
Agreement may be modified, amended or rescinded only in accordance with the
terms of the Plan.

       

      (c) Fractional
Shares.  If this option becomes exercisable for a fraction of a
share because of the adjustment provisions contained in the Plan, such fraction
shall be rounded down to the nearest whole share.

       

      (d) Issuances of Securities;
Changes in Capital Structure.  Except as expressly provided
herein or in the Plan, no issuance by the Company of shares of stock of any
class, or securities convertible into shares of stock of any class, shall
affect, and no adjustment by reason thereof shall be made with respect to, the
number or price of shares subject to this option.  No adjustments need
be made for dividends paid in cash or in property other than securities of the
Company. If there shall be any change in the Common Stock of the Company through
merger, consolidation, reorganization, recapitalization, stock dividend, stock
split, combination or exchange of shares, spin-off, split-up or other similar
change in capitalization or event, the restrictions contained in this Agreement
shall apply with equal force to additional and/or substitute securities, if any,
received by the Optionee in exchange for, or by virtue of his or her ownership
of, Option Shares, except as otherwise determined by the Committee.

       

      (e) Severability.  The
invalidity, illegality or unenforceability of any provision of this Agreement
shall in no way affect the validity, legality or enforceability of any other
provision.

       

      (f) Equitable
Relief.  The parties hereto agree and declare that legal
remedies may be inadequate to enforce the provisions of this Agreement and that
equitable relief, including specific performance and injunctive relief, may be
used to enforce the provisions of this Agreement.

       

      (g) Successors and
Assigns.  This Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns,
subject to the limitations set forth in Section 10 hereof.

       

      

       

      (h) Governing
Law.  This Agreement shall be governed by and interpreted in
accordance with the laws of the State of Delaware, without giving effect to the
principles of the conflicts of laws thereof.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00156-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00156-of-00352.parquet"}]]