Document:

EX-10.68

 Exhibit 10.68 
 FORM OF AGREEMENT UNDER HYSTER-YALE MATERIALS HANDLING, INC. 
 SUPPLEMENTAL LONG-TERM EQUITY
INCENTIVE PLAN 
 Hyster-Yale Materials Handling, Inc. 
 5875 Landerbrook Drive 
 Cleveland, Ohio 44124-4017 

Attention: Secretary 
  

	Re:	20     Grants of Award Shares under Supplemental Long-Term Equity Incentive Plan 

The undersigned is an employee of Hyster-Yale Materials Handling, Inc. (the “Company”) or one of its wholly-owned subsidiaries
(together with the Company, the “Employers”) to whom grants of an award (the “Award”) consisting of [insert number] fully paid and nonassessable shares (the “Award Shares”) of Class A Common Stock, par value $1.00
per share, of the Company (“Class A Common”) were made on             , 20     by the Compensation Committee (the “Committee”) of the Board of
Directors of the Company (the “Board”) pursuant to the Hyster-Yale Materials Handling, Inc. Supplemental Long-Term Equity Incentive Plan (the “Plan”). I hereby accept the Award and acknowledge to and agree with the Company as
follows: 
 1. Award. I acknowledge that the Committee has granted the Award to me subject to the terms of the Plan for
the [        ] Award Year, the terms of the resolutions of the Committee pursuant to which the Award was made and the terms of this Agreement, and I hereby acknowledge receipt of stock certificate numbered
[number] for [number] shares of Class A Common representing the Award Shares. 
 2. Restrictions on Transfer. I
represent and covenant that, other than a Transfer (as defined below) (a) by will or the laws of descent and distribution, (b) pursuant to a domestic relations order meeting the definition of a qualified domestic relations order under
Section 206(d)(3)(B) of the Employee Retirement Income Security Act of 1974, as amended (“QDRO”), (c) to a trust (a “Trust”) for my benefit or the benefit of my spouse, my children or my grandchildren (provided that
Award Shares transferred to such a Trust shall continue to remain subject to the transfer restrictions hereinafter set forth) or (d) as otherwise permitted under the Plan with the consent of the Committee, the Award Shares shall be
non-transferable and I shall not make (or attempt to make) any sale, assignment, transfer, exchange, pledge, hypothecation or encumbrance of the Award Shares (collectively, a “Transfer”). 

3. Lapse of Restrictions. I acknowledge that the transfer restrictions on the Award Shares set forth in paragraph 2 above shall
lapse for all purposes and shall be of no further force or effect upon the earliest to occur of: (a) December 31, 20    ; (b) the date of my death or permanent disability; (c) five years after retirement in
accordance with the terms of the NACCO Materials Handling Group, Inc. Pension Plan for Non-Union Employees (or, if I am not a member of such plan, five years after my termination of employment with the Employers after reaching age 60 with at least
15 years of service with the Employers) (or earlier with the approval of the Committee); (d) an extraordinary release of transfer restrictions as described in paragraph 3A below; (e) the Transfer of Award Shares pursuant to a QDRO, but
only as to the shares so transferred; and (f) a lapse of transfer restrictions as determined by the Committee in its sole and absolute discretion. As notice of such transfer restrictions, I acknowledge that there is affixed to each stock
certificate representing Award Shares the following legend: 
 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN
RESTRICTIONS ON TRANSFER SET FORTH IN THE HYSTER-YALE MATERIALS HANDLING , INC. SUPPLEMENTAL LONG-TERM EQUITY INCENTIVE PLAN (“PLAN”). SUCH RESTRICTIONS ON TRANSFER UNDER THE PLAN SHALL LAPSE

 
FOR ALL PURPOSES AND SHALL BE OF NO FURTHER FORCE OR EFFECT AFTER DECEMBER 31, 20    , OR SUCH EARLIER TIME AS PROVIDED IN THE PLAN. 

3A. Extraordinary Release of Transfer Restrictions. 

 

	 	(i)	A Participant may request in writing that a member of the Committee authorize the lapse of restrictions on Transfer of such Award Shares if the Participant desires to
dispose of such Award Shares for (A) the purchase of a principal residence for the Participant, (B) payment of medical expenses for the Participant, his spouse or his dependents, (C) payment of expenses for the education of the
Participant, his spouse or his dependents for the next 18 months or (D) any other extraordinary reason which the Committee has previously approved in writing. The Committee shall have the sole power to grant or deny any such request. Upon the
granting of any such request, the Company shall cause the release of restrictions pursuant to paragraph 3 of such number of Award Shares as the Committee shall authorize. 

 

	 	(ii)	A Participant who is employed by the Employers may request such a release at any time following the third anniversary of the date the Award Shares were issued; provided
that the restrictions on no more than 20% of such Award Shares may be released pursuant to this paragraph 3A. A Participant who is no longer employed by the Employers may request such a release at any time following the second anniversary of the
date the Award Shares were issued; provided that the restrictions on no more than 35% of such Award Shares may be released pursuant to this paragraph 3A. 

 4. Obligations. I agree that each Trust and I shall fulfill the obligations imposed with respect to Award Shares by the Plan and this Agreement. 

5. Rights. I understand that, subject to the transfer restrictions set forth herein, I shall have all of the rights of a holder of
Class A Common with respect to the Award Shares, including the right to vote such shares, to receive any dividends paid thereon and to participate in any of the matters described in clauses (a) and (c) of Section 7 of the Plan.
Any securities that I receive in respect to Award Shares in connection with any of such matters shall be deemed to be Award Shares, and shall be subject to the transfer restrictions set forth herein to the same extent and for the same period as if
such securities were the original Award Shares with respect to which they were issued (unless such restrictions are modified or eliminated by the Committee). 
 6. Surrender of Certificates. I understand that: (a) in the case of a Transfer under clause (a) or (b) of paragraph 2 above, on surrender to the Company by my successor or successors
in interest to the Award Shares of the appropriate certificate or certificates reflecting the Award Shares, or (b) on surrender to the Company (or its delegate) of the appropriate certificate or certificates reflecting Award Shares with respect
to which the transfer restrictions have otherwise lapsed in accordance with paragraph 3 or 3A above, the Company shall cause a new certificate or certificates to be issued without any legend referring to such restrictions. 

7. Withholding. In order that the applicable Employer may satisfy its withholding obligations with respect to the compensation
income resulting from the grant of any Award Shares, I authorize and direct the applicable Employer to withhold from any amounts otherwise payable to me such amounts of taxes with respect to the income attributable to such shares and at such time or
times as may be required to be withheld, including, without limitation, taxes required to be withheld by reason of the compensation required to be reported for Federal income and employment tax purposes by me, all as determined in good faith in the
sole judgment of the applicable Employer. If there are no such amounts otherwise payable to me, or if such amounts are insufficient, I will reimburse or indemnify the applicable Employer or make provision satisfactory to the Board or the Committee
(or to any officer authorized for that purpose by the Board or the Committee) to reimburse or indemnify the applicable Employer for such amounts of taxes at such time and from time to time, as the applicable Employer may make demand for such
reimbursement or indemnity. If and to the extent that in the sole judgment of the Board or the Committee (or any officer authorized for that purpose by the Board or the 

  
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Committee) it appears advisable to do so, in order to enforce the Company’s rights under the Plan and this Agreement, the Company shall not issue or cause to be issued to me (or to my
successor in interest), any new stock certificate without any legend referring to the transfer restrictions with respect to the Award Shares as to which such restrictions have lapsed, unless and until such amounts of taxes have been withheld from
amounts otherwise payable to me (or any of my successors in interest), or I (or such successor in interest) reimburse or indemnify the applicable Employer for such amounts of such taxes or make other provisions for reimbursement or indemnification
to the applicable Employer of such taxes, satisfactory in the sole judgment of the Board or the Committee (or such officer) exercised in good faith. 
 8. No Right to Employment. I acknowledge that the grant of Award Shares to me does not in any way entitle me to continued employment with the Employers and does not limit or restrict any right that
the Employers otherwise may have to terminate my employment. 
  

									
		 		 		 		 	  

		 		 		 		 	[name]
				
	 ACCEPTED                 ,
20    
 HYSTER-YALE MATERIALS HANDLING, INC.
	 		 		 	
					
	By:	 	  
	 		 		 	
		 	[name and title]	 		 		 	

  
 3EX-10.69

 Exhibit 10.69 
 HYSTER-YALE MATERIALS HANDLING INC. 
 NON-EMPLOYEE DIRECTORS’ EQUITY
COMPENSATION PLAN 
  

	1.	Purpose of the Plan 

 The
purpose of this Non-Employee Directors’ Equity Compensation Plan (the “Plan”) is to provide for the payment to the non-employee directors of Hyster-Yale Materials Handling, Inc. (the “Company”) of a portion of
directors’ fees in capital stock of the Company in order to further align the interests of the directors with the stockholders of the Company and thereby promote the long-term profits and growth of the Company. 

 

	2.	Effective Date 

 This Plan
is effective as of, and contingent upon, the “Spin-Off Date” as such term is defined in the 2012 Separation Agreement between NACCO Industries, Inc. and the Company. (the “Effective Date”). 

 

	3.	Definitions 

 (a)
“Average Share Price” means the average of the closing price per share of Class A Common Stock on the New York Stock Exchange on the Friday (or if Friday is not a trading day, the last trading day before such Friday) for each week of
the calendar quarter ending on the Quarter Date. 
 (b) “Board” means the Board of Directors of the Company.

 (c) “Class A Common Stock” means the Company’s Class A Common Stock, par value $1.00 per share.

 (d) “Director” means an individual duly elected or chosen as a director of the Company who is not also an employee
of the Company or its subsidiaries. 
 (e) “Extraordinary Event” shall have the meaning set forth in Section 5.

 (f) “ERISA” means the Employee Retirement Income Security Act of 1974, as amended, or any successor statute.

 (g) “Payment Deadline” means the date that is the fifteenth day of the third month after each Quarter Date.

 (h) “Quarter Date” means the last day of the calendar quarter for which a Required Amount is earned. 

(i) “Required Amount” means an amount of money constituting that portion (as determined from time to time by the Board) of a
Director’s retainer earned by such Director for 

  

					
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his services as a director of the Company for any calendar quarter that is payable in Shares as described in Section 4.1(a). 

(j) “Rule 16b-3” means Rule 16b-3 promulgated under the Securities Exchange Act of 1934 (or any successor rule to the same
effect), as in effect from time to time. 
 (k) “Shares” means shares of Class A Common Stock that are issued to
a Director pursuant to, and with such restrictions as are imposed by, the terms of this Plan in respect of the Director’s Required Amount. 
 (l) “Transfer” shall have the meaning set forth in Section 4.2(a). 

(m) “Voluntary Amount” shall have the meaning set forth in Section 4.2(b). 

(n) “Voluntary Shares” means shares of Class A Common Stock that are issued to a Director in accordance with
Section 4.1(c) in respect of the Director’s Voluntary Amount. 
  

	4.	Shares and Voluntary Shares 

 4.1 Required Amount and Voluntary Amount 
 (a) Required Amount. From
time to time, the Board shall determine (i) the amount of the retainer to be paid to each Director for each calendar quarter of a year, (ii) the portion of the retainer that shall be paid in cash and (iii) the equity portion of the
retainer (expressed in dollars) that is required to be paid in Shares as described in Section 4.1(c) (the “Required Amount”). 
 (b) Voluntary Shares. For any calendar quarter, a Director may elect to have up to 100% of the cash component of the annual retainer payable for such quarter in excess of the Required Amount, and
any other cash to be earned by the Director for such quarter for services as a director of the Company (collectively referred to as a “Voluntary Amount”), not paid to the Director in cash, but instead to have the Voluntary Amount applied
to the issuance to the Director of Voluntary Shares as described in Section 4.1(c); provided that the Director must notify the Company in writing of such election prior to the first day of the calendar quarter for which such election is made,
which election will be irrevocable after such date for such calendar quarter and shall remain in effect for future calendar quarters unless or until revoked by the Director prior to the first day of a calendar quarter. 

(c) Issuance of Shares and Voluntary Shares. Promptly following each Quarter Date (and, in any event, no later than the Payment
Deadline), the Company shall issue to each Director (or to a trust for the benefit of a Director, or such Director’s spouse, children or grandchildren, if so directed by the Director) (i) a number of whole Shares equal to the Required
Amount for the calendar quarter ending on such Quarter Date divided by the Average Share Price and (ii) a number of whole Voluntary Shares equal to such Director’s Voluntary Amount for such calendar quarter divided by the Average Share
Price. To the extent that the application of the foregoing formulas would result in fractional Shares or fractional Voluntary Shares, no fractional shares of Class A Common Stock shall be issued by the Company pursuant to this Plan, but
instead, such amount shall be paid to the Director in cash at the same time the Shares and Voluntary Shares are issued to the Director. Shares and Voluntary Shares shall be fully paid, nonassessable shares of Class A Common Stock. Shares shall
be subject to the restrictions set forth in this Plan, whereas Voluntary Shares shall not be so restricted. Shares 

  

					
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and Voluntary Shares may be shares of original issuance or treasury shares or a combination of the foregoing and, in the discretion of the Company, may be issued as certificated or uncertificated
shares. The Company shall pay any and all fees and commissions incurred in connection with the purchase by the Company of shares of Class A Common Stock which are to be Shares or Voluntary Shares and the transfer to Directors of Shares or
Voluntary Shares. 
 (d) Withholding Taxes. To the extent that the Company is required to withhold federal, state or
local taxes in connection with any amount payable to a Director under this Plan, and the amounts available to the Company for such withholding are insufficient, it shall be a condition to the receipt of any Shares or Voluntary Shares that the
Director make arrangements satisfactory to the Company for the payment of the balance of such taxes required to be withheld, which arrangements may include relinquishment of the Shares or the Voluntary Shares. The Company and Director may also make
similar arrangements with respect to the payment of any other taxes derived from or related to the payment of Shares or Voluntary Shares with respect to which withholding is not required. 

4.2 Restrictions on Shares. 
 (a) Restrictions on Transfer of Shares. No Shares shall be assigned, pledged, hypothecated or otherwise transferred (any such assignment, pledge, hypothecation or transfer being referred to herein
as a “Transfer”) by a Director or any other person, voluntarily or involuntarily, other than (i) by will or by the laws of descent and distribution, (ii) pursuant to domestic relations orders meeting the definition of a qualified
domestic relations order under Section 206(d)(3)(B) of ERISA (“QDRO”), or (iii) to a trust for the benefit of a Director, or such Director’s spouse, children or grandchildren. Shares transferred to a person other than the
Director pursuant to a QDRO shall not be subject to the restrictions described in this Section 4.2(a), but shares transferred to a trust for the benefit of a Director, or such Director’s spouse, children or grandchildren, shall remain
subject to the restrictions described in this Section 4.2(a) until such restrictions lapse pursuant to the following sentence. The restrictions on Shares set forth in this Section shall lapse for all purposes and shall be of no further
force or effect upon the earliest to occur of (A) ten years after the Quarter Date with respect to which such Shares were issued, (B) the date of the death or permanent disability of the Director, (C) five years (or earlier with the
approval of the Board) after the Director’s retirement from the Board of Directors of the Company, (D) the date that a Director is both retired from the Board and has reached 70 years of age or (E) at such other time as determined by
the Board in its sole and absolute discretion. Following the lapse of restrictions, at the Director’s request, the Company shall take all such action as may be necessary to remove such restrictions from the stock certificates, or other
applicable records with respect to uncertificated shares, representing the Shares, such that the resulting shares shall be fully paid, nonassessable and unrestricted by the terms of this Plan. 

(b) Dividends, Voting Rights, Exchanges, Etc. Except for the restrictions set forth in this Section 4.2 and any restrictions
required by law, a Director shall have all rights of a stockholder with respect to his Shares including the right to vote and to receive dividends as and when declared by the Board and paid by the Company. Except for any restrictions required by
law, a Director shall have all rights of a stockholder with respect to his Voluntary Shares. 
 (c) Restriction on Transfer
of Rights to Shares. No rights to Shares or Voluntary Shares shall be assigned, pledged, hypothecated or otherwise transferred by a Director or any other person, voluntarily or involuntarily, other than (i) by will or by the laws of descent
and distribution, or (ii) pursuant to a QDRO. 

  

					
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 (d) Legend. The Company shall cause a legend, in substantially the following form, to
be placed on each certificate, or other applicable record(s) with respect to uncertificated shares, for the Shares: 
 THE[SE]
SHARES [REPRESENTED BY THIS CERTIFICATE] ARE SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER SET FORTH IN THE HYSTER-YALE MATERIALS HANDLING, INC. NON-EMPLOYEE DIRECTORS’ EQUITY COMPENSATION PLAN (“PLAN”). SUCH RESTRICTIONS ON TRANSFER
UNDER THE PLAN SHALL LAPSE FOR ALL PURPOSES AND SHALL BE OF NO FURTHER FORCE OR EFFECT AFTER                     , OR SUCH EARLIER TIME AS PROVIDED
IN THE PLAN. 
  

	5.	Amendment, Termination and Adjustments 

 (a) The Board may alter or amend the Plan from time to time or may terminate it in its entirety; provided, however, that no such action shall, without the consent of a Director, affect the rights in any
Shares or Voluntary Shares that were previously issued to the Director or that were earned by, but not yet issued to, such Director. Unless otherwise specified by the Board of Directors, all Shares that were issued prior to the termination of this
Plan shall continue to be subject to the terms of this Plan following such termination; provided that the transfer restrictions on such Shares shall lapse in accordance with Section 4.2(a). 

(b) Notwithstanding the provisions of Subsection (a), without further approval by the stockholders of the Company no such amendment or
termination shall (i) increase the total number of shares of Class A Common Stock to be issued under this Plan specified in Section 6 (except that adjustments and additions expressly authorized by this Section shall not be
limited by this clause (i)), (ii) change the provisions of Section 4.1(c) that specify the timing of the issuance or the calculation of the number of Shares to be issued to a Director or (iii) make any other change for which
stockholder approval would be required under applicable law or stock exchange requirements. 
 (c) The Board shall make or
provide for such adjustments in the Average Share Price, in the kind of shares that may be issued hereunder and in the number of shares of Class A Common Stock specified in Section 6 as the Board, in its sole discretion, exercised in good
faith, may determine is equitably required to reflect (i) any stock dividend, stock split, combination of shares, recapitalization or any other change in the capital structure of the Company, (ii) any merger, consolidation, spin-off,
split-off, spin-out, split-up, reorganization, partial or complete liquidation or other distribution of assets or issuance of rights or warrants to purchase securities, or (iii) any other corporate transaction or event having an effect similar
to any of the foregoing ( collectively referred to as an “Extraordinary Event”). All securities received by a Director with respect to Shares in connection with any Extraordinary Event shall be deemed to be Shares for purposes of this Plan
and shall be restricted pursuant to the terms of this Plan to the same extent and for the same period as if such securities were the original Shares with respect to which they were issued, unless the Board, in its sole and absolute discretion,
eliminates such restrictions or accelerates the time at which such restrictions on transfer shall lapse. 
  

	6.	Shares Subject to Plan 

Subject to adjustment as provided in this Plan, the total number of shares of Class A Common Stock that may be issued under this Plan
shall be 100,000. 

  

					
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	7.	General Provisions 

 (a)
No Continuing Right as Director. Neither the adoption nor operation of this Plan, nor any document describing or referring to this Plan, or any part thereof, shall confer upon any Director any right to continue as a director of the Company or
any subsidiary of the Company. 
 (b) Governing Law. The provisions of this Plan shall be governed by and construed in
accordance with the laws of the State of Delaware. 
 (c) Cash If Shares Not Issued. All Required Amounts and Voluntary
Amounts are the property of the Directors and shall be paid to them in cash in the event that Shares and Voluntary Shares may not be issued to Directors hereunder in respect of Required Amounts or Voluntary Amounts. 

(d) Miscellaneous. Headings are given to the sections of this Plan solely as a convenience to facilitate reference. Such headings,
numbering and paragraphing shall not in any case be deemed in any way material or relevant to the construction of this Plan or any provisions thereof. The use of the masculine gender shall also include within its meaning the feminine. The use of the
singular shall also include within its meaning the plural, and vice versa 
 (e) Section 409A of the Internal Revenue
Code. This Plan is intended to be exempt from the requirements of Section 409A of the Internal Revenue Code of 1986, as amended, and applicable Treasury Regulations issued thereunder, and shall be administered in a manner that is consistent
with such intent. 

  

					
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