Document:

Exhibit

WORKIVA INC.
2014 EQUITY INCENTIVE PLAN
NOTICE OF RESTRICTED STOCK UNIT GRANT
(NON-EMPLOYEE DIRECTOR)
	
				
	 
	 
	 

	 
	 
	 

	 
	 
	Grant Number
	 

Pursuant to the Workiva Inc. 2014 Equity Incentive Plan, as amended from time to time (the “Plan”), you have been granted a restricted stock unit (“RSU”) award covering the number of shares of Class A Common Stock of Workiva Inc. (the “Company”) set forth below, subject to service-based vesting conditions as follows:
Grant Date            

Total Number of Shares Granted            

		
	Vesting Schedule
	Subject to the Plan and the Restricted Stock Unit Agreement, this RSU shall vest in accordance with the following schedule, provided you have not experienced a Termination of Service prior to any vesting date:

	
		
	Vesting Date(s)
	Number or Percentage of Shares that Vest

	One-year anniversary of the Grant Date
	100%

By your signature and the signature of the Company’s representative below, you and the Company agree that this award is governed by the terms and conditions of the Plan and the Restricted Stock Unit Agreement, all of which are attached and made a part of this document.  By your signature below, you also acknowledge that there may be tax consequences to you upon the vesting of the RSU, the settlement of the RSU, and/or the disposition of the underlying shares, and that you have been advised to consult a tax advisor prior to acceptance of this grant.

GRANTEE:                        WORKIVA INC.

By:                        

Name:                        
Print Name
Title:                        
Execution Date: ____________ __, 20__

WORKIVA INC.
2014 EQUITY INCENTIVE PLAN
RESTRICTED STOCK UNIT AGREEMENT
(NON-EMPLOYEE DIRECTOR)
This RESTRICTED STOCK UNIT AGREEMENT (the “Agreement”) dated as of the Grant Date set forth on the Notice of Restricted Stock Unit Grant to which this Agreement is attached (the “Notice of Grant”) is between Workiva Inc. (the “Company”), a Delaware corporation, and the grantee named in the Notice of Grant (the “Grantee”).
WHEREAS, the Company desires to award the Grantee restricted stock units (“RSUs”) with respect to the Company’s Class A Common Stock, subject to service-based vesting conditions in accordance with the terms of the Plan, a copy of which is attached hereto;
NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth and for other good and valuable consideration, the parties hereto, intending to be legally bound hereby, agree as follows:
1.     Grant of RSU.  As of the Grant Date, the Company grants to the Grantee RSUs for the number of shares set forth on the Notice of Grant, subject to the terms of the Plan and this Agreement.  Each RSU entitles the Grantee to one share of Common Stock on the applicable RSU vesting date, provided the vesting conditions of the award are satisfied.  The Grantee must accept the RSU award within 90 days after notification that the award is available for acceptance and in accordance with the instructions provided by the Company.  The award will be rescinded upon action of the Company, in its discretion, if the award is not accepted within 90 days after notification is sent to the Grantee indicating availability for acceptance.
2.    Vesting; Forfeiture.  Provided the Grantee has not incurred a Termination of Service prior to the applicable vesting date, except as otherwise set forth in this Agreement and the Plan, RSUs awarded under this Agreement shall vest on the earliest to occur of the following:  (a) the vesting date(s) set forth on the Notice of Grant; (b) the Grantee’s death; (c) a Change in Control (as defined in the Plan); (d) the Administrator, in its sole discretion, determines that the Grantee has incurred a disability (within the meaning of Section 22(e)(3) of the Internal Revenue Code of 1986, as amended (the “Code”)); or (e) the Grantee’s Termination of Service by action of the Company without Cause (as defined in the Plan).  In the event of the Grantee’s Termination of Service for Cause, unvested RSUs shall be immediately forfeited.
The period over which the RSUs vest is referred to as the “Restriction Period.”  Until the issuance to the Grantee of a certificate or certificates for shares of Common Stock subject to the award, such shares are not transferable other than by will or by the laws of descent and distribution, or as otherwise permitted by the Plan, and the RSUs shall not be subject to any levy of any attachment, execution or similar process upon the rights or interest.  In the event of any attempt by the Grantee to alienate, assign, pledge, hypothecate or otherwise dispose of any RSU or any right hereunder, except as provided for in this Agreement, the Company may terminate any unvested portion of the award by notice to the Grantee and the award and all rights hereunder shall thereupon become null and void.
3.    Dividend Equivalents.  RSUs awarded under this Agreement are eligible to receive dividend equivalents during the Restriction Period.  On each date that a cash dividend is paid with 

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respect to Common Stock, the Company shall credit the bookkeeping account established on behalf of the Grantee with the dollar amount of the dividends the Grantee would have received if the RSUs held by the Grantee on the record date for such dividend payment had been shares of Common Stock.  As of the applicable vesting date, the Grantee shall receive a payment equal to the amount of the dividends that would have been paid on the RSUs vesting on such date, had they been shares of Common Stock during the period beginning on the Grant Date and ending on the vesting date, and the Grantee’s account shall be debited accordingly.  If the Grantee forfeits all or any portion of the RSUs, any amounts credited to the Grantee’s account attributable to such forfeited RSUs shall also be forfeited.  If dividends are paid in the form of Common Stock, the Company shall credit the Grantee’s account with one additional RSU for each share of Common Stock that would have been received as a dividend, had the Grantee’s RSUs been shares of Common Stock owned by the Grantee without restriction.  Such additional RSUs shall vest or be forfeited at the same time as the RSU to which they relate.
4.    Settlement of RSUs.  Subject to paragraphs 5 and 6 below, as soon as practicable after the applicable RSU vesting date, the Company shall transfer to the Grantee one share of Common Stock for each RSU vesting on the vesting date (the date of any such transfer shall be the settlement date for purposes of this Agreement).  The Grantee shall have no rights as a stockholder with respect to the RSU awarded under this Agreement prior to the date of issuance to the Grantee of a certificate or certificates for such shares.  Notwithstanding the foregoing, the Committee, in its sole discretion, may elect to settle RSUs in cash based on the Fair Market Value of the Common Stock on the applicable RSU vesting date.
5.    Deferral of RSUs.  In accordance with procedures established by the Administrator, the Grantee may elect to defer the settlement of RSUs granted under this Agreement to a date after the date the RSUs vest.  The deferral of RSUs shall delay the recognition of income for income tax purposes only; the Fair Market Value of the underlying shares of Common Stock on the vesting date is subject Social Security and Medicare taxes the year in which vesting occurs.
6.    Voluntary Withholding.  Subject to such voluntary withholding procedures as are established by the Administrator, the Grantee may elect to have shares of Common Stock withheld to satisfy the Grantee’s federal, state and local income tax liability arising upon the settlement of RSUs granted under this Agreement.
7.    No Right to Continued Service.  Nothing in the Plan or this Agreement shall confer upon the Grantee any right to continue in the service of the Company or any Related Corporation or shall interfere with or restrict in any way the rights of the Company and any Related Corporation, which rights are hereby expressly reserved, to discharge or terminate the service of the Grantee at any time and for any reason whatsoever.
8.    Incorporation of Plan by Reference.  The terms and conditions of the Plan are incorporated by reference herein.  To the extent that any conflict may exist between any term or provision of this Agreement and any term or provision of the Plan, the term or provision of the Plan shall control.  Capitalized terms not defined in this Agreement shall have the meaning given such terms in the Plan.
9.    Successors and Assigns.  The Company may assign any of its rights under this Agreement.  This Agreement will be binding upon and inure to the benefit of the successors and assigns of the Company.  Subject to the restrictions on transfer set forth herein, this Agreement will be binding 

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upon the Grantee and the Grantee’s beneficiaries, executors, administrators and the person(s) to whom shares of Common Stock subject to the RSU may be transferred by will or the laws of descent or distribution.
10.    Compliance with Law.  The issuance and transfer of shares of Common Stock shall be subject to compliance by the Company and the Grantee with the applicable requirements of federal and state securities laws and with the applicable requirements of any stock exchange on which the Company’s shares of Common Stock may be listed.  No shares of Common Stock shall be issued or transferred unless and until any then applicable requirements of state and federal laws and regulatory agencies have been fully complied with to the satisfaction of the Company and its counsel.  
11.    Clawback Provision.  Notwithstanding any other provisions in this Agreement to the contrary, any compensation paid or payable to the Grantee pursuant to this Agreement which is subject to recovery under any law, government regulation or stock exchange listing requirement, will be subject to such deductions and clawback as may be required to be made pursuant to such law, government regulation or stock exchange listing requirement (or any policy adopted by the Company pursuant to any such law, government regulation or stock exchange listing requirement).
12.    Notices.  Any notices required under this Agreement shall be addressed: (i) if to the Company, to the Company at its principal office which is presently located at 2900 University Boulevard, Ames, Iowa 50010, Attention: Equity Plan Administrator, and (ii) if to the Grantee, to the Grantee’s address as reflected in the stock records of the Company.
13.    Entire Agreement; Amendment.  This Agreement, together with the Plan, sets forth all of the terms and conditions between the parties with respect to the RSUs awarded under this Agreement.  This Agreement may be amended at any time and from time to time by the Administrator, provided that the rights or obligations of the Grantee are not affected adversely by such amendment, unless the Grantee’s consent is obtained or such amendment is otherwise permitted under the terms of the Plan.
14.    Invalid or Unenforceable Provisions.  The invalidity or unenforceability of any provision of this Agreement shall not affect the other provisions hereof, and this Agreement shall be construed in all respects as if the invalid or unenforceable provisions were omitted.
15.    Counterparts.  The Notice of Grant to which this Agreement is attached may be executed in counterparts, each of which shall be deemed an original but all of which together will constitute one and the same instrument.  Counterpart signature pages transmitted by facsimile, by electronic mail in portable document format (.pdf), or by any other electronic means intended to preserve the original graphic and pictorial appearance of a document, will have the same effect as physical delivery of the paper document bearing an original signature.
16.    Governing Law.  This Agreement shall be governed by the applicable Code provisions to the maximum extent possible.  Otherwise, the laws of the State of Delaware (without regard to principles of conflicts of laws) shall govern the operation of and the rights of the Grantee under, the Plan and this Agreement.

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Exhibit 10.9

EXECUTION VERSION

COMMITMENT INCREASE AGREEMENT 

May 4, 2016

Goldman Sachs Bank USA, as Administrative Agent 
(the “Administrative Agent”) for the Lenders party to the 
Credit Agreement referred to below

6011 Connection Drive
Irving, Texas 75039

Ladies and Gentlemen:

We refer to the $110,000,000 Senior Secured Revolving Credit Agreement dated as of June 4, 2014 (as amended, modified or supplemented from time to time and giving effect to prior Commitment increases to date, the “Credit Agreement”; the terms defined therein being used herein as therein defined) among New Mountain Finance Corporation (the “Borrower”), the Lenders party thereto, Goldman Sachs Bank USA, as Administrative Agent for said Lenders and as Syndication Agent.  You have advised us that the Borrower has requested in a letter dated as of April 29, 2016 (the “Increase Request”) from the Borrower to the Administrative Agent that the aggregate amount of the Multicurrency Commitments be increased by a total amount equal to $10,000,000 and the aggregate amount of the Dollar Commitments be increased by a total amount equal to $2,500,000 (together, the “Commitment Increase”), for a total facility size of $122,500,000, on the terms and subject to the conditions set forth herein.

A.  Commitment Increase.  Pursuant to Section 2.08(e) of the Credit Agreement, each Increasing Lender set forth on Schedule I hereto under the heading “Increasing Lenders” hereby agrees to increase its existing Multicurrency Commitment or Dollar Commitment, as applicable, by the amount set forth opposite the name of such Increasing Lender in Schedule I hereto, such additional Multicurrency Commitment or Dollar Commitment, as applicable, to be effective as of May 4, 2016 (the “Commitment Increase Date”); provided that the Administrative Agent shall have received a duly executed officer’s certificate from the Borrower, dated the Commitment Increase Date, in substantially the form of Exhibit I hereto and such Increasing Lender shall have received its upfront fee set forth on Schedule I.

B.  Confirmation of Increasing Lenders.  Each Increasing Lender agrees that from and after the Commitment Increase Date, its additional commitment set forth opposite such Increasing Lender’s name in Schedule I hereto shall be included in its Commitment and be governed for all purposes by the Credit Agreement and the other Loan Documents.   

[Signature pages follow]

Very truly yours,

INCREASING LENDERS

STIFEL BANK & TRUST 

By:      /s/ Joseph L. Sooter, Jr.                            
Name:  Joseph L. Sooter, Jr.
Title:    Senior Vice President    

MORGAN STANLEY BANK, N.A. 

By:      /s/ Michael King                                      
Name: Michael King
Title:   Authorized Signatory

Accepted and agreed:

NEW MOUNTAIN FINANCE CORPORATION

By:      /s/ John R. Kline                                    
Name:  John R. Kline
Title:    Executive Vice President and  
              Chief Operating Officer

Acknowledged: 

GOLDMAN SACHS BANK USA,
  as Administrative Agent and Issuing Bank

By:      /s/ Ryan Durkin                                     
Name: Ryan Durkin
Title:   Authorized Signatory

SCHEDULE I

	
			
	Increasing Lenders
	Commitment
	Upfront Fee

	Stifel Bank & Trust
	$2,500,000 (Dollar)1 
	$6,250

	Morgan Stanley Bank, N.A.
	$10,000,000 (Multicurrency)2
	$25,000

	
	
	 

		
	1
	As of the Commitment Increase Date, Stifel Bank & Trust's total Commitment under the Credit Agreement will be $17,500,000.

		
	2
	As of the Commitment Increase Date, Morgan Stanley Bank, N.A.'s total Commitment under the Credit Agreement will be $42,000,000.

EXHIBIT I

FORM OF OFFICER’S CERTIFICATE

May 4, 2016

Goldman Sachs Bank USA, as Administrative Agent 
(the “Administrative Agent”) for the Lenders party to the 
Credit Agreement referred to below

6011 Connection Drive
Irving, Texas 75039

Ladies and Gentlemen:

On behalf of New Mountain Finance Corporation (the “Borrower”), I, John R. Kline, Executive Vice President and Chief Operating Officer of the Borrower, refer to the $110,000,000 Senior Secured Revolving Credit Agreement dated as of June 4, 2014 (as amended, modified or supplemented from time to time and giving effect to prior Commitment increases to date, the “Credit Agreement”; the terms defined therein being used herein as therein defined) among the Borrower, the Lenders party thereto, Goldman Sachs Bank USA, as Administrative Agent for said Lenders and as Syndication Agent.  I also refer to the letter dated as of April 29, 2016 (the “Increase Request”) from the Borrower to the Administrative Agent, requesting that the aggregate amount of the Multicurrency Commitments be increased by a total amount equal to $10,000,000 and the aggregate amount of the Dollar Commitments be increased by a total amount equal to $2,500,000, for a total facility size of $122,500,000, on the Commitment Increase Date (as defined in the Increase Request).

With respect to the Increase Request, I hereby certify in my capacity as an authorized officer of the Borrower that each of the conditions to the related Commitment Increase set forth in Sections 2.08(e)(i)(D) and (E) of the Credit Agreement have been satisfied as of the date hereof.

Very truly yours, 

      /s/ John R. Kline                                    
Name:  John R. Kline
Title:    Executive Vice President and  
    Chief Operating Officer

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