Document:

Exhibit 10.3

 

	Notice of Grant of Restricted Stock	Internap Corporation
	 	Employer ID: XXXXX
	 	One Ravinia Drive, Suite 1300
	 	Atlanta, GA 30346

 

	 	 	 	 	 
	 	Participant: Peter D. Aquino	 	Employee ID:	 
	 	[Address]	 	[INSERT]	 
	 	 	 	 	 

You have been granted an Award of Internap Corporation (the
“Corporation”) restricted Common Stock (the “Award”) as follows. The Award
is granted as an inducement award pursuant to NASDAQ Listing Rule 5635(c)(4):

 

	Type of Award:	Restricted Stock
	Grant No.:	[INSERT]
	Date of Award:	[INSERT]
	Total Number of Shares Awarded:	1,585,000

 

	Vesting Dates and Restrictions	 	Shares Vesting
	Performance Based Award:	 	 
	The date on which the First Stock Price Target (as defined below) has been attained if You have remained in the employment of the Corporation through such date.	 	200,000
	The date on which the Second Stock Price Target (as defined below) has been attained if You have remained in the employment of the Corporation through such date.	 	250,000
	The date on which the Third Stock Price Target (as defined below) has been attained if You have remained in the employment of the Corporation through such date.	 	250,000
	Time Based Award:	 	 
	First Anniversary of the Date of Award, if You have remained in the employment of the Corporation through such date.	 	100,000
	Second Anniversary of the Date of Award, if You have remained in the employment of the Corporation through such date.	 	100,000
	Third Anniversary of the Date of Award, if You have remained in the employment of the Corporation through such date.	 	100,000
	Hybrid Time-Performance Based Award	 	 
	The date on which the First Stock Price Target has been attained if You have remained in the employment of the Corporation through such date, and then subject to the Time Restrictions.	 	350,000
	The date on which the Second Stock Price Target has been attained if You have remained in the employment of the Corporation through such date, and then subject to the Time Restrictions.	 	235,000

 

The First Stock Price Target shall be attained
on either (i) the date on which the Corporation’s common stock has traded with a closing per share price of at least $5.00
for at least five (5) (not necessarily consecutive) business days on which the markets are open, or (ii) in the event of a Qualifying
Termination during a Protection Period, the date a Change of Control is consummated if the price per share in the Change of Control
is at least $5.00; provided, that such date in (i) or (ii) must occur no later than the third anniversary of Your date of hire.

 

The Second Stock Price Target shall be attained
on either (i) the date on which the Corporation’s common stock has traded with a closing per share price of at least $7.50
for at least five (5) (not necessarily consecutive) business days on which the markets are open, or (ii) in the event of a Qualifying
Termination during a Protection Period, the date a Change of Control is consummated if the price per share in the Change of Control
is at least $7.50; provided, that such date in (i) or (ii) must occur no later than the third anniversary of Your date of hire.

 

The Third Stock Price Target shall be attained
on the date on which the Corporation’s common stock has traded with a closing per share price of at least $10.00 for at least
five (5) (not necessarily consecutive) business days on which the markets are open; provided, that such date must occur no later
than the third anniversary of Your date of hire.

 

The First Stock Price Target, the Second Stock Price Target
and the Third Stock Price Target, each a “Stock Price Target.”

 

Time Restrictions: The time restrictions
on one-third (1/3) of the shares of the Hybrid Time-Performance Based Award subject to the applicable Stock Price Target shall
lapse and the shares shall vest annually from the date such Stock Price Target has been attained for such shares.

 

Forfeiture of Award Shares: Any shares of
the Performance Based Award and the Time Based Award that are restricted as of the earlier of (i) Your date of termination, or
(ii) the third anniversary of Your date of hire, shall be immediately forfeited as of such date, subject to the “Qualifying
Termination Outside of a Protection Period” provision and “Acceleration” provisions noted below. The Time Restrictions
on any shares of the Hybrid Time-Performance Based Award for which the applicable Stock Price Target has been attained shall continue
to lapse and such shares shall continue to vest for so long as You remain continuously employed by the Corporation. Any shares
of the Hybrid Time-Performance Based Award that are restricted as of Your date of termination shall be immediately forfeited as
such date, subject to the “Qualifying Termination Outside of a Protection Period” provision and “Acceleration”
provisions noted below.

 

     

     

    

 

Qualifying Termination Outside of a Protection Period:
In the event of Your Qualifying Termination within the one hundred twenty (120) day period immediately preceding a Change of Control
that involves a strategic or financial buyer who has been in communication and/or negotiations with the Corporation prior to the
termination of Your employment, You will be deemed to have remained in the employment of the Corporation through the date of such
Change of Control for purposes of determining whether the restrictions applicable to Your shares of this Award have lapsed and
such shares have vested as noted above; accordingly, no forfeiture of the shares of this Award shall occur upon Your termination
during the one hundred twenty (120) day period following Your termination, and the forfeiture of the shares of this Award shall
instead occur at the end of such one hundred twenty (120) day period if no such Change of Control has occurred by that time.

 

COC Acceleration: (a) If You incur a Qualifying
Termination within the one hundred twenty (120) day period immediately preceding a Change of Control that involves a strategic
or financial buyer who has been in communication and/or negotiations with the Corporation prior to the termination of Your employment,
(b) If You have remained employed through the date of a Change of Control and You incur a Qualifying Termination during a
Protection Period thereafter, or (c) In the event You have remained employed through the date of a Change of Control whereby the
resulting successor or surviving company is not publicly traded, then as of such Qualifying Termination (for clauses (a) or (b)
above) or Change of Control (for clause (c) above): (i) all restrictions on unvested shares of the Time Based Award and Performance
Based Award that have not been previously forfeited shall immediately lapse for all such shares and such shares shall vest; provided,
however, the restrictions on the shares of the Time Based Award and Performance Based Award shall only lapse, and such shares shall
only vest if the First Stock Price Target has been attained, and (ii) all Time Restrictions on unvested shares of the Hybrid Time-Performance
Based Award that have not been previously forfeited shall immediately lapse and such shares shall vest for all shares of the Hybrid
Time-Performance Based Award; provided, however, the Time Restrictions on shares of the Hybrid Time-Performance Based Award shall
only lapse and such shares shall vest if the applicable Stock Price Target has been attained. If You are entitled to benefits in
accordance with this paragraph, the Corporation may, in its sole and absolute discretion, in lieu of lapsing the restrictions on
shares of this Award as described in the preceding sentences, pay You an amount equal to the number of shares whose restrictions
were to lapse multiplied by the fair market value of such shares at the time of the Change of Control (for clause (a) and (c) above)
or Qualifying Termination (for clause (b) above).

 

Non-COC Acceleration: If You incur a Qualifying
Termination other than during a Protection Period, then as of such Qualifying Termination, (i) if the First Stock Price Target
has been attained, all restrictions on unvested shares of the Time-Based Award that have not been previously forfeited shall immediately
lapse and such shares shall vest, and (ii) all Time Restrictions on unvested shares of the Hybrid Time-Performance Based Award
that have not been previously forfeited shall immediately lapse and such shares shall vest for all shares of the Hybrid Time-Performance
Based Award; provided, however, the Time Restrictions on shares of the Hybrid Time-Performance Based Award shall only lapse and
such shares shall vest if the applicable Stock Price Target has been attained.

 

Non-Renewal Acceleration: If Your employment
terminates because the Corporation elects not to renew the Employment Agreement, the Time Restrictions on all shares of the Hybrid
Time-Performance Based Award for which the applicable Stock Price Target has been attained shall lapse and such unrestricted shares
shall immediately vest.

 

Termination Upon Death Acceleration: In the
event Your employment terminates because of Your death, (i) the restrictions on the Time Based Award shall lapse and such unrestricted
shares shall immediately vest on a pro rata basis, calculated by multiplying 300,000 by a fraction, the numerator of which is the
number of days that You were employed by the Corporation, and the denominator of which is 1095, rounded to the nearest whole number,
and then reduced by the number of shares of the Time Based Award that have already vested, and (ii) The Time Restrictions on any
shares of the Hybrid Time-Performance Based Award for which the applicable Stock Price Target has been attained shall lapse and
such unrestricted shares shall immediately vest on a pro rata basis, calculated by multiplying 585,000 by a fraction, the numerator
of which is the number of days that You were employed by the Corporation from the date the applicable Stock Price Target was achieved,
and the denominator of which is 1095, rounded to the nearest whole number, and then reduced by the number of shares of the Hybrid
Time-Performance Based Award that have already vested.

 

Qualifying Termination Prior to April 30, 2017:
Notwithstanding anything to the contrary in this Notice, the Plan, the Employment Agreement, or any other agreement between You
and the Corporation, in the event Your employment is terminated on or prior to April 30, 2017, You will forfeit all unvested shares
of this Award, and none of the “Acceleration” provisions above shall apply.

 

For all purposes of this Notice, the terms “Change
of Control,” “Protection Period,” and “Qualifying Termination” shall be as defined in Your Employment
Agreement dated September 12, 2016 (the “Employment Agreement”).

 

This Award is intended to be an inducement material to Your
entering into employment with the Corporation under NASDAQ Marketplace Rules.

 

By Your acceptance of this Award through the E*Trade website,
You agree that this Award is subject to all the terms, definitions and conditions of the Internap Corporation 2014 Stock Incentive
Plan (as amended from time to time) (the “Plan”), and by the terms and conditions of the Restricted Stock
Inducement Award Agreement and related Prospectus, which is attached hereto and made a part of this document. However, You also
agree that this Award has not been granted under the Plan and any shares of the Corporation’s Common Stock issued
to You pursuant to this Award shall not be considered to be granted under the Plan.EX-4.4

 Exhibit 4.4 

STANDSTILL AGREEMENT 

This STANDSTILL AGREEMENT is entered into on May 16, 2016 by and between Middlefield Banc
Corp., an Ohio corporation (“Middlefield”), and Northwest Bancshares, Inc., a Maryland corporation (“Northwest”). 

WHEREAS, Northwest is purchasing from Middlefield shares of Middlefield common stock, 

WHEREAS, the purchase price for the shares is $33 per share, 

WHEREAS, at completion of the purchase Northwest will not own more than 4.99% of the issued and
outstanding shares of Middlefield voting stock, and 
 WHEREAS, it is a condition to Middlefield’s
willingness to complete the transaction that Northwest enter into an agreement to refrain from acquiring ownership of more than 4.99% of Middlefield’s common stock and to refrain from taking specified other actions. 

NOW, THEREFORE, in consideration of these premises, the representations, warranties, and
covenants contained in this Standstill Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Middlefield and Northwest hereby agree as follows. 

Section 1. Definitions. For purposes of any obligations imposed by this Standstill Agreement, the term Middlefield includes
any person or entity that controls, is controlled by, or is under common control with Middlefield, and the term Northwest includes any person or entity that controls, is controlled by, or is under common control with Northwest. 

Section 2. Standstill Provisions. (a) Except as expressly permitted in this Standstill Agreement, Northwest will not
take any of the following actions and will not assist or encourage others to take any of the following actions, whether by providing financing or otherwise, and whether alone or in concert with others or as a part of a group (as the term
“group” is defined under section 13(d)(3) of the Securities Exchange Act of 1934) – 
 1) seek to have a
representative on the Middlefield board of directors, seek removal of any member of Middlefield’s board of directors, seek to have a representative on the board of directors of The Middlefield Banking Company, or seek removal of any member of
the board of directors of The Middlefield Banking Company, or 
 2) propose, effect, or seek to participate in a merger or
other business combination involving Middlefield or any of its subsidiaries, or 
 3) unless initiated by Middlefield,
acquire record or beneficial ownership of more than 4.99% of Middlefield’s voting securities (and for this purpose the right to acquire ownership of Middlefield voting securities, whether through options, warrants, convertible securities, or
otherwise, and regardless of whether exercisable, is considered the equivalent of actual ownership of Middlefield voting securities), or 

3) seek to take any of the actions regarding Middlefield or regarding Middlefield common stock for which prior approval of the
Federal Reserve Board or its staff is necessary, or 

 4) enter into discussions, negotiations, agreements, arrangements, or
understandings with a third party for any of the foregoing, or make or disclose a proposal to amend or terminate any of the provisions of this section 2, or 

5) bring an action or otherwise act to contest the validity of this section 2 or seek a release from the restrictions contained
in this section 2, or 
 (b) Without Middlefield’s prior written consent, Northwest will not, directly or indirectly, sell, transfer,
or otherwise dispose of any interest in the shares acquired hereunder to any person that Northwest believes, after reasonable inquiry, would be beneficial owner after any such sale or transfer of more than 5% of the outstanding shares of
Middlefield’s common stock. 
 (c) Northwest will be present, in person or by proxy, at any meeting of shareholders of Middlefield so
that the common shares held by Northwest may be counted for the purpose of determining the existence of a quorum at such meeting. 
 (d) The
provisions of sections 2(a), 2(b), and 2(c) of this Standstill Agreement terminate when Northwest no longer owns Middlefield common stock. 

Section 3. Notices. All notices and other communications hereunder must be in writing and will be deemed duly given and received
(a) on the date of delivery if delivered personally, or by facsimile upon confirmation of transmission by the sender’s fax machine if sent on a business day (or otherwise on the next business day) or (b) on the first business day after the date
of dispatch if delivered by a recognized next-day courier service. All notices hereunder must be delivered as set forth below, or according to other instructions in writing by the party to receive the notice – 

(x) if to Middlefield, to: Middlefield Banc Corp., 15985 East High Street, Middlefield, Ohio 44062, Fax: (440) 632-1700,
Attn: Mr. Thomas G. Caldwell, with a copy to Francis X. Grady, Esq., Grady & Associates, 20220 Center Ridge Road, Suite 300, Rocky River, Ohio 44116-3501, Fax: (440) 356-7254, or 

(y) if to Northwest, to Northwest Bancshares, Inc., 100 Liberty Street, Warren, Pennsylvania 16365, Fax: (814) 728-7716,
Attn: Mr. William J. Wagner. 
 Section 4. Counterparts. This Standstill Agreement may be executed in one or more
counterparts, all of which will be considered one and the same agreement and will become effective when one or more counterparts have been signed by each of the parties and delivered to the other parties, it being understood that all parties need
not sign the same counterpart. 
 Section 5. Entire Agreement; No Third Party Beneficiaries. (a) This Standstill
Agreement constitutes the entire agreement and supersedes all prior agreements and understandings, both written and oral, among the parties concerning the subject matter. 

(b) This Standstill Agreement is binding upon and inures solely to the benefit of each party hereto, and nothing in this Standstill Agreement,
express or implied, is intended to or will confer upon any other person any right, benefit or remedy of any nature whatsoever under or on account of this Standstill Agreement. 

  
 2 

 Section 6. Governing Law. This Standstill Agreement is governed and will be
construed in accordance with the laws of the State of Ohio, without giving effect to applicable principles of conflict of laws. 

Section 7. Severability. If any term or other provision of this Standstill Agreement is invalid, illegal, or incapable of being
enforced by any law or public policy, all other terms and provisions of this Standstill Agreement nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby are not affected in any
manner materially adverse to any party. Upon a determination that any term or other provision is invalid, illegal, or incapable of being enforced, the parties hereto will negotiate in good faith to modify this Standstill Agreement in order to
carry out the original intent of the parties as closely as possible. 
 Section 8. Assignment; Amendments. (a) Neither
this Standstill Agreement nor any of the rights, interests, or obligations hereunder may be assigned by Middlefield or by Northwest in whole or in part (whether by operation of law or otherwise) without advance written consent of the other party,
and any attempt to make any such assignment without consent is null and void. Subject to the preceding sentence, this Standstill Agreement is binding upon, inures to the benefit of, and is enforceable by the parties and their respective
successors and permitted assigns. 
 (b) No amendment or waiver of this Standstill Agreement is effective unless it is in writing and is
signed by Middlefield and by Northwest. 
 Section 9. Enforcement. (a) Each of Middlefield and Northwest acknowledges that the
other party will not have an adequate remedy at law for money damages if any of the covenants or agreements are not performed in accordance with the terms of this Standstill Agreement, and it is therefore agreed that each of Middlefield and
Northwest, in addition to and without limiting any other remedy or right it may have, has the right to an injunction or other equitable relief in any court of competent jurisdiction, enjoining any actual or potential breach and enforcing
specifically the terms and provisions hereof, and each of Middlefield and Northwest hereby waives (x) any and all defenses that it may have on the ground of lack of jurisdiction or competence of the court to grant an injunction or other
equitable relief and (y) the need to post any bond that may be required for the granting of an injunction or other equitable relief. 

(b) All rights, powers and remedies provided under this Standstill Agreement or otherwise available at law or in equity are cumulative and not
alternative, and the exercise or beginning of the exercise of any thereof by any party does not preclude the simultaneous or later exercise of any other right, power, or remedy. 

(c) In the event of litigation relating to this Standstill Agreement, if a court of competent jurisdiction determines that Northwest or its
representatives have breached this Standstill Agreement, then Northwest shall be liable and pay to Middlefield the reasonable legal fees and costs incurred by Middlefield in connection with such litigation, including any appeal therefrom, as a court
of competent jurisdiction may deem appropriate under the circumstances. 

  
 3 

 Section 10. Titles and Subtitles. The titles of the sections and subsections
of this Standstill Agreement are for convenience of reference only and are not to be considered in construing this Standstill Agreement. 

Section 11. Submission to Jurisdiction; Waivers. For any action, suit, or proceeding relating to this Standstill
Agreement, each of Middlefield and Northwest irrevocably (a) consents and submits to the exclusive jurisdiction of the courts of the State of Ohio and any court of the United States located in the northern district of Ohio; (b) waives any objection
the party may have at any time to the laying of venue of any action, suit, or proceeding brought in any such court, waives any claim that the action, suit, or proceeding has been brought in an inconvenient forum and further waives the right to
object that the court does not have jurisdiction over the party; (c) consents to the service of process at the address set forth for notices in section 3 herein; provided, however, that the manner of service of process does not preclude the
service of process in any other manner permitted under applicable law; and (d) waives, to the fullest extent permitted by applicable law, any and all rights to trial by jury for any action, suit, or proceeding. 

Section 12. Construction. The parties have participated jointly in the negotiation and drafting of this Standstill
Agreement. If an ambiguity or question of intent or interpretation arises, this Standstill Agreement shall be construed as if drafted jointly by the parties and no presumption or burden of proof shall arise favoring or disfavoring either of the
parties by virtue of the authorship at any of the provisions of this Standstill Agreement. 
 IN WITNESS
WHEREOF, the parties hereto have duly executed this Standstill Agreement as of the date first written above. 
  

									
	MIDDLEFIELD BANC CORP.	 		 	NORTHWEST BANCSHARES, INC.
					
	By:	 	 /s/ Thomas G. Caldwell
	 		 	By:	 	 /s/ William J. Wagner

	Name:	 	Thomas G. Caldwell	 		 	Name:	 	William J. Wagner
	Title:	 	President and Chief Executive Officer	 		 	Title:	 	President and Chief Executive Officer

  
 4

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