Document:

exv10w5

EXHIBIT
10.5

	 	 	 

	NOTICE OF GRANT OF STOCK OPTIONS
	 	CapitalSource Inc. 
	 
	 	ID: 35-2206895
	 
	 	4445 Willard Avenue 
	 
	 	Twelfth Floor
	 
	 	Chevy Chase, MD 20815
	 
	 	 
	[Name]
	 	Option Number:
	[Address]
	 	Plan:           Y2KB
	 
	 	ID:

Effective [DATE], you have been granted a Non-Qualified Stock Option (the “Option”) to buy
[NUMBER] shares of CapitalSource Inc. (the “Company”) common stock at [PRICE] per share (the
“Option Price”).

The Option shall vest as follows:

	 	 	 	 	 	 	 

	Shares
	 	Vest Type
	 	Vest Date
	 	Expiration
	 
	 	 
	 	 
	 	 

By your signature and the Company’s signature below, you and the Company agree that this Option
is granted under and governed by the terms and conditions of the attached Option Agreement and
the Company’s Third Amended and Restated Equity Incentive Plan, as amended, all of which are
available on the Company’s intranet and on DocServer, the Company’s internal document
management system in the System View named Equity Incentive Plan.

	 	 	 	 	 

	 

CapitalSource Inc.
	 	 

Date
	 	 
	 
	 	 	 	 
	 

[NAME]
	 	 

Date
	 	 

 

 

CAPITALSOURCE INC.

THIRD AMENDED AND RESTATED EQUITY INCENTIVE PLAN

NON-QUALIFIED OPTION AGREEMENT

	 	 	 

	Non-qualified Option
	 	This Agreement evidences an award of a Stock Option exercisable for that number of shares of
Stock set forth on your Notice of Grant of Stock Options to which this Agreement is attached
(“Grant Notice”) and subject to the vesting and other conditions set forth herein, in the
Plan and on the Grant Notice. This option is not intended to be an incentive option under
Section 422 of the Internal Revenue Code and will be interpreted accordingly.
	 
	 	 
	Transfer of Stock Option
	 	During your lifetime, only you (or, in the event of your legal incapacity or Incompetency,
your guardian or legal representative) may exercise the Stock Option. The Stock Option may
not be sold, assigned, transferred, pledged, hypothecated or otherwise encumbered, whether by
operation of law or otherwise, nor may the Stock Option be made subject to execution,
attachment or similar process.
	 
	 	 
	 
	 	If you attempt to do any of these things, this Stock Option will immediately become forfeited.
	 
	 	 
	 
	 	Notwithstanding these restrictions on transfer, the Board or the Committee may authorize, in
its sole discretion, the transfer of a vested Stock Option (in whole or in part) to a member
of your immediate family or a trust for the benefit of your immediate family.
	 
	 	 
	Vesting
	 	Your Stock Option shall vest in accordance with the vesting schedule shown in the Grant
Notice so long as you continue in Service on the vesting dates set forth on the Grant Notice,
and is exercisable only as to its vested portion.
	 
	 	 
	 
	 	Notwithstanding your vesting schedule, your the Stock Option will become 100% vested upon
your termination of Service due to your death or Disability if you have provided Services to
the Company for at least one (1) year at the time your Service terminates.
	 
	 	 
	Forfeiture of Unvested
Stock Options / Term
	 	Unless the termination of your Service triggers accelerated vesting of your Stock Option
pursuant to the terms of this Agreement, the Plan, or any other written agreement between the
Company (or any Affiliate) and you, you will automatically forfeit to the Company those
portions of the Stock Option that have not yet vested in the event your Service terminates
for any reason.
	 
	 	 
	Expiration of Vested Options After Service
	 	If your Service terminates for any reason, other than death, Disability or Cause, then the
vested portion of your Stock Option will expire at the close of business at Company
headquarters on the 90th day after

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	Terminates
	 	your termination date.
	 
	 	 
	 
	 	If your Service terminates because of your death or
Disability, or if you die during the 90 day period after
your termination for any reason (other than Cause), then the
vested portion of your Stock Option will expire at the close
of business at Company headquarters on the date twelve (12)
months after the date of your death or termination for
Disability. During that twelve (12) month period, your
estate or heirs may exercise the vested portion of your
Stock Option.
	 
	 	 
	 
	 	If your Service is terminated for Cause, then you shall
immediately forfeit all rights to your entire Stock Option
and the Stock Option shall immediately expire.
	 
	 	 
	 
	 	In all events, your Stock Option will expire on the
Expiration Date shown on the Grant Notice. Your Stock Option
will expire earlier if your Service terminates, as described
herein.
	 
	 	 
	Forfeiture of Rights
	 	If you should take actions in
material violation or breach of any
non-competition agreement, any
agreement prohibiting solicitation
of employees or clients of the
Company or any Affiliate thereof or
any confidentiality obligation with
respect to the Company or any
Affiliate thereof, the Company has
the right to cause an immediate
forfeiture of your rights to all or
a portion of any Stock Options
awarded under this Agreement, and
any such forfeited Stock Options
shall immediately expire; provided,
however that the value of the
forfeited Stock Options shall not
exceed [120%] of the Company’s good
faith determination of the maximum
amount of its and its affilliates’
aggregate potential or actual
damages arising out of such
violation or breach.
	 
	 	 
	 
	 	In addition, if you have vested in
or exercised any Stock Options
awarded under this Agreement during
the two year period prior to your
actions, you will owe the Company a
cash payment (or forfeiture of
shares) in an amount determined as
follows: (1) for any Shares that you
have sold prior to receiving notice
from the Company, the amount will be
the proceeds received from the
sale(s), less the Option exercise
price for such shares, and (2) for
any Shares that you still own, the
amount will be the number of Shares
owned times the Fair Market Value of
the Shares on the date you receive
notice from the Company, less the
Option exercise price for such
shares (provided, that the Company
may require you to satisfy your
payment obligations hereunder either
by forfeiting and returning to the
Company the Shares or any other
Shares or making a cash payment or a
combination of these methods as
determined by the Company in its
sole discretion); provided, however,
that the value of the cash payment
required by the foregoing shall not
exceed [120% of] the Company’s good
faith determination of the maximum
amount of its and its affiliates’
aggregate potential or actual
damages arising out of your
violation or breach.
	 
	 	 
	 
	 	The foregoing forfeiture and payment
obligations shall not apply after
the occurrence of a [Change in
Control/Corporate Transaction].
	 
	 	 
	 
	 	The foregoing forfeiture and payment
obligations are not intended, and
shall not be construed, to be a
limitation on the Company’s right to
otherwise seek in full the recovery
from you of any and all damages
arising out of your actions under
all applicable agreements, laws or
otherwise.
	 
	 	 
	Leaves of Absence
	 	For purposes of this Agreement, your Service does not
terminate when you go on a bona fide employee leave of
absence that was approved by the Company in writing if the
terms of the leave provide for continued Service crediting,
or when continued Service crediting is required by
applicable law. Your Service terminates in any event when
the approved leave ends unless you immediately return to
active employee work.

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	 	The Company determines; in its sole discretion, which leaves count for this purpose, and when your Service
terminates for all purposes under the Plan.
	 
	 	 
	Notice of Exercise
	 	The Stock Option may be exercised, in whole or in part, to purchase a whole number of vested shares of Stock of
not less than 100 shares, unless the number of vested shares purchased is the total number available for
purchase under the option, by following the procedures set forth in the Plan and in this Agreement.
	 
	 	 
	 
	 	When you wish to exercise this Stock Option, you must exercise in a manner required or permitted by the Company.
	 
	 	 
	 
	 	If someone else wants to exercise this Stock Option after your death, that person must prove to the Company’s
satisfaction that he or she is entitled to do so.
	 
	 	 
	Form of Payment
	 	When you exercise your Stock Option, you must include payment of the Option Price indicated on the Grant Notice
for the shares you are purchasing. Payment may be made in one (or a combination) of the following forms:
	 
	 	 
	 
	 	• Cash, your personal check, a cashier’s check, a money order or another cash equivalent acceptable to the
Company.
	 
	 	 
	 
	 	• Shares of Stock which have already been owned by you for more than six months and which are surrendered to
the Company. The Fair Market Value of the shares as of the effective date of the option exercise will be
applied to the Option Price.
	 
	 	 
	 
	 	• To the extent a public market exists for the shares of Stock as determined by the Company, delivery (in a
form prescribed or accepted by the Company) of an irrevocable direction to a licensed securities broker
acceptable to the Company to sell shares subject to the Stock Option and to deliver all or part of the sale
proceeds to the Company in payment of the aggregate Option Price and any withholding taxes.
	 
	 	 
	Evidence of Issuance
	 	The issuance of the shares upon exercise of this Stock Option shall be evidenced in such a manner as the
Company, in its discretion, will deem appropriate, including, without limitation, book-entry, registration or
issuance of one or more share certificates. You will have no further rights with regard to a Stock Option once
the share of Stock related to such Stock Option has been issued.
	 
	 	 
	Withholding Taxes
	 	You agree as a condition of this grant that you will make acceptable arrangements to pay any withholding or
other taxes that may be due as a result of the Stock Option exercise or sale of Stock acquired under this Stock
Option. In the event that the Company determines

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	 	that any federal, state, local or foreign tax or withholding payment is required
relating to the exercise of this Stock Option or sale of Stock arising from this Stock
Option, the Company shall have the right to require such payments from you, or withhold
such amounts from other payments due to you from the Company or any Affiliate (including
withholding the delivery of vested shares of Stock otherwise deliverable under this
Agreement).
	 
	 	 
	Retention Rights

	 	This Agreement and this Stock Option do not give you the right to be retained by the
Company (or any Affiliate) in any capacity. Unless otherwise specified in an employment
or other written agreement between the Company (or any Affiliate) and you, the Company
(and any Affiliate) reserve the right to terminate your Service at any time and
for any reason.
	 
	 	 
	Stockholder Rights

	 	You, or your estate or heirs, have no rights as a shareholder of the Company until the
Stock has been issued upon exercise of your Stock Option and either a certificate
evidencing your Stock has been issued or an appropriate entry has been made on the
Company’s books. No adjustments are made for dividends, distributions or other rights if
the applicable record date occurs before your certificate is issued (or an appropriate
book entry is made), except as described in the Flan.
	 
	 	 
	 

	 	Your Stock Option shall be subject to the terms of any applicable agreement of merger,
liquidation or reorganization in the event the Company is subject to such corporate
activity.
	 
	 	 
	Applicable Law

	 	This Agreement will be interpreted and enforced under the laws of the State of Delaware,
other than any conflicts or choice of law rule or principle that might otherwise refer
construction or interpretation of this Agreement to the substantive law of another
jurisdiction.
	 
	 	 
	The Plan

	 	The text of the Plan is incorporated in this Agreement by reference.
	 
	 	 
	 

	 	Certain capitalized terms used in this Agreement are defined in the Plan, and have the
meaning set forth in the Plan.
	 
	 	 
	 

	 	This Agreement, the associated Grant Notice and the Plan constitute the entire
understanding between you and the Company regarding this Stock Option. Any agreements,
commitments or negotiations concerning this grant are superseded; except that any
written employment, consulting, confidentiality, non-competition and/or severance
agreement between you and the Company (or any Affiliate), whether entered into before or
after this Agreement’s effective date, shall supersede this Agreement with respect to
its subject matter unless otherwise provided herein, provided that no such superseding
shall result in a failure to comply with the requirements of Section 409A of the
Internal Revenue Code of 1986, as amended.

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	Data Privacy

	 	In order to administer the Plan, the Company may process personal data about you. Such data
includes, but is not limited to, information provided in this Agreement or the Grant Notice and any
changes thereto, other appropriate personal and financial data about you such as your contact
information, payroll information and any other information that might be deemed appropriate by the
Company to facilitate the administration of the Plan.
	 
	 	 
	 

	 	By accepting this grant, you give explicit consent to the Company to process any such personal data.
	 
	 	 
	Code Section 409A

	 	It is intended that this Award comply with Section 409A of the Code (“Section 409A”) or an
exemption to Section 409A. To the extent that the Company determines that you would be subject to
the additional 20% tax imposed on certain non-qualified deferred compensation plans pursuant to
Section 409A as a result of any provision of this Agreement, such provision shall be deemed amended
to the minimum extent necessary to avoid application of such additional tax. The nature of any such
amendment shall be determined by the Company. For purposes of this Award, a termination of Service
only occurs upon an event that would be a Separation from Service within the meaning of Section
409A.

By signing the Grant Notice, you agree to all of the terms and conditions described above and in the Plan.

6exv10w6

Exhibit 10.6

Grant
No.:

CAPITALSOURCE
INC.

THIRD AMENDED AND RESTATED EQUITY INCENTIVE PLAN

RESTRICTED STOCK AGREEMENT

     CapitalSource Inc., a Delaware corporation (the “Company”), hereby grants shares of its
common stock (“Stock”) to the Grantee named below, subject to the vesting and other conditions
set forth below. Additional terms and conditions of the grant are set forth in the attached
Restricted Stock Agreement (the “Agreement”) and in the Company’s Third Amended and Restated
Equity Incentive Plan (as amended from time to time, the “Plan”).

Name of Grantee:

Grantee’s Social Security Number

Number of shares of Restricted Stock:

Grant Date:

Vest Base Date:

Vesting Schedule:

     By your signature below, you agree to all of the terms and conditions described herein, in the
attached Agreement and in the Plan, a copy of which is available on the Company’s intranet and on
DocServer, the Company’s internal document management system in the System View named Equity
Incentive Plan. You acknowledge that you have carefully reviewed the Plan, and agree that the Plan
will control in the event any provision of this cover sheet or Agreement should appear to be
inconsistent.

	 	 	 	 	 	 	 	 	 

	 
	 	 	 	Date:	 	 	 	 
	 

Grantee
	 	 
	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	Date:	 	 	 	 
	 

CapitalSource Inc.
	 	 	 	 	 	 
	 	 
	Title:
	 	 	 	 	 	 	 	 

Attachment

     This is not a stock certificate or a negotiable instrument.

1

 

CAPITALSOURCE INC.

THIRD AMENDED AND RESTATED EQUITY INCENTIVE PLAN

RESTRICTED STOCK AGREEMENT

	 	 	 

	Restricted Stock

	 	This Agreement evidences an award of shares of Stock in the number set forth on the cover sheet and
subject to the vesting and other conditions set forth herein, in the Plan and on the cover sheet (the
“Restricted Stock”).
	 
	 	 
	Transfer of Restricted Stock

	 	Restricted Stock may not be sold, assigned, transferred, pledged, hypothecated or otherwise encumbered,
whether by operation of law or otherwise, nor may the Restricted Stock be made subject to execution,
attachment or similar process. If you attempt to do any of these things, the Restricted Stock will immediately
become forfeited.
	 
	 	 
	Issuance and Vesting

	 	The Company will issue your Restricted Stock in the name set forth on the cover sheet.
	 
	 	 
	 

	 	Your right to the Stock under this Restricted Stock grant and this Agreement shall vest in accordance with
the vesting schedule set forth on the cover sheet so long as you continue in Service on the vesting dates set
forth on the cover sheet.
	 
	 	 
	 

	 	Notwithstanding your vesting schedule, the Restricted Stock will become 100% vested upon your termination
of Service due to your death or Disability if you have provided Services to the Company for at least one (1)
year at the time your Service terminates.
	 
	 	 
	 

	 	Notwithstanding any other provision in this Agreement, the Plan or any other agreement between the Grantee
and the Company or any Affiliate of the Company to the contrary (including without limitation the cover sheet
and the paragraph below under the heading “The Plan”), the Restricted Stock granted hereunder shall not become
vested, by acceleration or otherwise, and shares of Stock shall not be delivered to the Grantee pursuant to or
in connection with such Restricted Stock, in each case in connection with any termination of employment or
other event to the extent such vesting, acceleration or delivery would result in the Company violating the
five percent exception on fast vesting of awards of restricted stock or restricted stock units pursuant to
Section 11.2 of the Plan. To the extent that such vesting, acceleration or delivery is prohibited pursuant to
the foregoing, the Grantee shall receive a cash payment equivalent to the Fair Market Value of such Restricted
Stock on the date that such Restricted Stock would otherwise have vested or been accelerated or such Shares
would otherwise have been delivered, in each case if not for the provisions of this paragraph, and such
Restricted Stock shall be terminated and forfeited. Such cash payment will be consideration for the forfeiture
of

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	 	such Restricted Stock.
	 
	 	 
	Evidence of Issuance

	 	The issuance of the Stock under the grant of Restricted Stock
evidenced by this Agreement shall be evidenced in such a manner as
the Company, in its discretion, will deem appropriate, including,
without limitation, book-entry, registration or issuance of one or
more Stock certificates, with any unvested Restricted Stock bearing
the appropriate restrictions imposed by this Agreement. As your
interest in the Restricted Stock vests, the recordation of the number
of shares of Restricted Stock attributable to you will be
appropriately modified if necessary. In so far as any share
certificates are issued for unvested Restricted Stock, such
certificates shall be held in escrow and shall contain an appropriate
legend. If the Company utilizes book-entry form, appropriate
restrictions will be noted in the Company records.
	 
	 	 
	Forfeiture of Unvested Restricted Stock

	 	Unless the termination of your Service triggers accelerated
vesting of your Restricted Stock pursuant to the terms of this
Agreement, the Plan, or any other written agreement between the
Company (or any Affiliate) and you, you will automatically forfeit to
the Company all of the unvested shares of Restricted Stock in the
event your Service terminates for any reason.
	 
	 	 
	Forfeiture of Rights

	 	If you should take actions in material violation or breach of
any non-competition agreement, any agreement prohibiting solicitation
of employees or clients of the Company or any Affiliate thereof or
any confidentiality obligation with respect to the Company or any
Affiliate thereof, the Company has the right to cause an immediate
forfeiture of your rights to all or a portion of any Restricted Stock
awarded under this Agreement, and any such forfeited Restricted Stock
shall immediately expire; provided, however that the value of the
forfeited Restricted Stock shall not exceed [120%] of the Company’s
good faith determination of the maximum amount of its and its
affilliates’ aggregate potential or actual damages arising out of
such violation or breach.
	 
	 	 
	 

	 	In addition, if you have vested in Shares of Restricted Stock awarded
under this Agreement during the two year period prior to your
actions, you will owe the Company a cash payment (or forfeiture of
shares) in an amount determined as follows: (1) for any Shares that
you have sold prior to receiving notice from the Company, the amount
will be the proceeds received from the sale(s), and (2) for any
Shares that you still own, the amount will be the number of Shares
owned times the Fair Market Value of the Shares on the date you
receive notice from the Company (provided, that the Company may
require you to satisfy your payment obligations hereunder either by
forfeiting and returning to the Company the Shares or any other
shares or making a cash payment or a combination of these methods as
determined by the Company in its sole discretion); provided, however,
that the value of the cash payment required by the foregoing shall
not exceed [120% of] the Company’s good faith determination of the
maximum amount of its and its affiliates’ aggregate potential or
actual damages arising out of your violation or breach.
	 
	 	 
	 

	 	The foregoing forfeiture and payment obligations shall not apply
after the occurrence of a [Change in Control/Corporate Transaction].
	 
	 	 
	 

	 	The foregoing forfeiture and payment obligations are not intended,
and shall not be construed, to be a limitation on the Company’s right
to otherwise seek in full the recovery from you of any and all
damages arising out of your actions under all applicable agreements,
laws or otherwise.
	 
	 	 
	Leaves of Absence

	 	For purposes of this
Agreement, your Service does
not terminate when you go on a
bona fide employee leave of
absence that was approved by
the Company in writing if the
terms of the leave provide for
continued Service crediting, or
when continued Service
crediting is required by
applicable law. Your Service
terminates in any event when
the

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	 	approved leave ends unless you immediately return to active employee work.
	 
	 	 
	 

	 	The Company determines, in its sole discretion, which leaves count for this purpose, and when your
Service terminates for all purposes under the Plan.
	 
	 	 
	Section 83(b) Election

	 	Under Section 83 of the
Internal Revenue Code of 1986, as amended (the “Code”), the difference
between the purchase price paid for these shares of Stock and their Fair Market Value on the date any
forfeiture restrictions applicable to such shares lapse will be reportable as ordinary income at that time.
For this purpose, “forfeiture restrictions” include the forfeiture of unvested Stock described above. You
may elect to be taxed at the time these shares in restricted form are acquired rather than when such shares
cease to be subject to such forfeiture restrictions by filing an election under Section 83(b) of the Code
with the Internal Revenue Service within thirty (30) days after the Grant Date. You will have to make a tax
payment to the extent of the Fair Market Value of these shares on the Grant Date. The form for making this
election is attached as Exhibit A hereto. Failure to make this filing within the thirty (30) day period
will result in the recognition of ordinary income by you (in the
event the Fair Market Value of the
shares increases after the date of purchase) as the forfeiture restrictions lapse.
	 
	 	 
	 

	 	YOU ACKNOWLEDGE THAT IT IS YOUR SOLE DECISION AND RESPONSIBILITY, AND NOT THE COMPANY’S, TO FILE A
TIMELY ELECTION UNDER SECTION 83(b), YOU ALSO ACKNOWLEDGE THAT YOUR SECTION 83(b) ELECTION IS NOT REVOCABLE
AND THAT YOU WILL NOT BE ABLE TO RECOUP OR RECOVER ANY TAXES PAID IN CONNECTION WITH THE SECTION 83(b)
ELECTION FOR ANY REASON, INCLUDING ON FORFEITURE OF THE UNVESTED SHARES OF STOCK IN CONNECTION WITH ANY
TERMINATION OF SERVICE WITH THE COMPANY. YOU ALSO ACKNOWLEDGE THAT THESE SHARES OF STOCK ARE STILL SUBJECT
TO FORFEITURE RESTRICTIONS WHICH WILL NOT LAPSE BY VIRTUE OF YOUR SECTION 83(b) ELECTION OR PAYMENT OF
TAXES IN CONNECTION WITH SUCH ELECTION AND THAT YOU WILL FORFEIT ANY UNVESTED SHARES AT THE TIME OF YOUR
TERMINATION OF SERVICE EVEN THOUGH YOU HAVE ALREADY MADE A SECTION 83(b) ELECTION AND PAID THE TAXES ON
SUCH UNVESTED SHARES IN CONNECTION WITH SUCH ELECTION. THE COMPANY AND ITS REPRESENTATIVES WILL NOT MAKE
THIS FILING ON YOUR BEHALF. YOU ARE RELYING SOLELY ON YOUR OWN ADVISORS WITH RESPECT TO THE DECISION AS TO
WHETHER OR NOT TO FILE ANY 83(b) ELECTION,

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	 	INCLUDING WITH RESPECT TO THE RISKS
INVOLVED IF THE FAIR MARKET VALUE OF THESE
SHARES OF STOCK FALLS AFTER THE GRANT
DATE.
	 
	 	 
	Withholding Taxes

	 	You agree as a condition of this grant
that you will make acceptable arrangements
to pay any withholding or other taxes that
may be due as a result of the vesting or
receipt of the Restricted Stock. In the
event that the Company determines that any
federal, state, local or foreign tax or
withholding payment is required relating to
the vesting or receipt of Stock arising from
this grant, the Company shall have the right
to require such payments from you, or
withhold such amounts from other payments
due to you from the Company or any Affiliate
(including withholding the delivery of
vested shares of Stock otherwise deliverable
under this Agreement).
	 
	 	 
	Retention Rights

	 	This Agreement and the grant evidenced
hereby do not give you the right to be
retained by the Company (or any Affiliate)
in any capacity. Unless otherwise specified
in an employment or other written agreement
between the Company (or any Affiliate) and
you, the Company (and any Affiliate) reserve
the right to terminate your Service at any
time and for any reason.
	 
	 	 
	Stockholder Rights

	 	You will be entitled to receive, upon
the Company’s payment of a cash dividend on
outstanding shares of Stock, an amount of
cash, Restricted Stock or Restricted Stock
Units (as determined by the Company from
time to time) equal to the per-share
dividend paid on the shares of Restricted
Stock that you hold as of the record date
for such dividend, which shall be subject to
the same vesting, forfeiture and other
conditions as the associated Restricted
Stock. No adjustments are made for
dividends, distributions or other rights if
the applicable record date occurs before
your certificate is issued (or an
appropriate book entry is made), except as
described in the Plan.
	 
	 	 
	 

	 	Your grant shall be subject to the
terms of any applicable agreement of merger,
liquidation or reorganization in the event
the Company is subject to such corporate
activity.
	 
	 	 
	Legends

	 	If and to the extent that the shares
of Stock are represented by certificates
rather than book entry, all certificates
representing the Stock issued under this
grant shall, where applicable, have endorsed
thereon the following legends:
	 
	 	 
	 

	 	“THE SHARES OF STOCK REPRESENTED BY
THIS CERTIFICATE ARE SUBJECT TO CERTAIN
VESTING, FORFEITURE AND OTHER RESTRICTIONS
ON TRANSFER AND OPTIONS TO PURCHASE SUCH
SHARES SET FORTH IN AN AGREEMENT BETWEEN THE
COMPANY AND THE REGISTERED HOLDER, OR HIS OR
HER PREDECESSOR IN INTEREST. A COPY OF SUCH
AGREEMENT IS ON FILE AT THE PRINCIPAL OFFICE
OF THE COMPANY AND WILL BE FURNISHED UPON
WRITTEN REQUEST TO THE SECRETARY OF THE
COMPANY

5

 

	 	 	 

	 

	 	BY THE HOLDER OF RECORD OF THE SHARES REPRESENTED BY THIS CERTIFICATE.”
	 
	 	 
	Applicable Law

	 	This Agreement will be interpreted and enforced under the laws of
the State of Delaware, other than any conflicts or choice of law
rule or principle that might otherwise refer construction or
interpretation of this Agreement to the substantive law of another
jurisdiction.
	 
	 	 
	The Plan

	 	The text of the Plan is incorporated in this Agreement by reference.
	 
	 	 
	 

	 	Certain capitalized terms used in this Agreement are defined in the
Plan, and have the meaning set forth in the Plan.
	 
	 	 
	 

	 	This Agreement, the associated cover sheet, and the Plan constitute
the entire understanding between you and the Company regarding this
grant. Any agreements, commitments or negotiations concerning this
grant are superseded; except that any written employment,
consulting, confidentiality, non-competition and/or severance
agreement between you and the Company (or any Affiliate), whether
entered into before or after this Agreement’s effective date, shall
supersede this Agreement with respect to its subject matter unless
otherwise provided herein, provided that no such superseding shall
result in a failure to comply with the requirements of Section 409A
of the Internal Revenue Code of 1986, as amended.
	 
	 	 
	Data Privacy

	 	In order to administer the Plan, the Company may process personal
data about you. Such data includes, but is not limited to,
information provided in this Agreement or the cover sheet hereto
and any changes thereto, other appropriate personal and financial
data about you such as your contact information, payroll
information and any other information that might be deemed
appropriate by the Company to facilitate the administration of the
Plan.
	 
	 	 
	 

	 	By accepting this grant, you give explicit consent to the Company
to process any such personal data.
	 
	 	 
	Code Section 409A

	 	It is intended that this Award comply with Section 409A of the Code
(“Section 409A”) or an exemption to Section 409A. To the extent
that the Company determines that you would be subject to the
additional 20% tax imposed on certain non-qualified deferred
compensation plans pursuant to Section 409A as a result of any
provision of this Agreement, such provision shall be deemed amended
to the minimum extent necessary to avoid application of such
additional tax. The nature of any such amendment shall be
determined by the Company. For purposes of this Award, a
termination of Service only occurs upon an event that would be a
Separation from Service within the meaning of Section 409A.

By signing the cover sheet of this Agreement, you agree to all of the terms and conditions
described above and in the Plan.

6

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