Document:

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HUNTER ACQUISITION CORP.

NOTICE OF GRANT OF STOCK OPTION

     Pursuant to the terms and conditions of the Hunter Acquisition Corp. 2005 Stock Incentive
Plan, attached as Appendix A (the “Plan”), and the associated Stock Option Agreement,
attached as Appendix B (the “Option Agreement”), you are hereby granted an option (this
“Option”) to purchase shares of Stock (as defined in the Option Agreement) under the conditions set
forth below, in the Option Agreement, and in the Plan.

	 	 	 
	Type of Option:

	 	Check one (and only one) of the following:
	 
	 	 
	 

	 	o    Incentive Stock Option (This
Option is intended to be an Incentive Stock Option (as
defined in the Plan).)

	 
	 	 
	 

	 	o    Nonstatutory Stock Option (This
Option is not intended to be an Incentive Stock Option
(as defined in the Plan).)

	 
	 	 
	Optionee:

	 	                    
	 
	 	 
	Date of Grant:

	 	                    , 20___
	 
	 	 
	Number of Shares:

	 	                    
	 
	 	 
	Option Price:

	 	$
                   per share.
	 
	 	 
	 

	 	Note: In the case of an Incentive Stock Option, the Option Price must be at
least 100% (or, in the case of a 10% shareholder of the Company, 110%) of
the Fair Market Value (as defined in the Plan) of a share of Stock on the
Date of Grant.
	 
	 	 
	Expiration Date:

	 	                    , 20___.
	 
	 	 
	 

	 	Note: In the case of an Incentive Stock Option, this date cannot be more
than ten years (or in the case of a 10% shareholder of the Company, more
than five years) from the Date of Grant.
	 
	 	 
	Vesting Schedule:

	 	As long as Optionee’s Service (as defined in the Option Agreement) is continuous,
Optionee will acquire (a) a 20% Vested Interest (as defined in the Option Agreement) in the
shares subject to this Option on the first anniversary of the Date of Grant and (b) an
additional 1/60 Vested Interest (as defined in the Option Agreement) in such shares upon the
completion of each full month following the first anniversary of the Date of Grant until
Optionee acquires a 100% Vested Interest in the shares.
	 
	 	 
	 

	 	Note: Optionee’s acquisition of a Vested Interest will accelerate upon
certain events associated with a Corporate Change (as defined in the Plan)
in accordance with Section 4.2 of the Option Agreement.

 

 

     By your signature and the signature of the Company’s representative below, you and the Company
hereby acknowledge your receipt of this Option granted on the Grant Date indicated above, which has
been issued to you under the terms and conditions of the Plan and the Option Agreement. You
further acknowledge receipt of the copy of the Plan and Option Agreement and agree to all of the
terms and conditions of the Plan and the Option Agreement, which are incorporated in this Option by
reference.

Note: To accept the grant of this Option, you must execute this form and return an executed copy
to                      (the “Designated Recipient”) by                     . Failure to return the executed
copy to the Designated Recipient by such date will render this Option invalid.

HUNTER ACQUISITION CORP.

	 	 	 	 	 
	By:
	 	 	 	 
	Title:

	 	 

	 	 
	 

	 	 

	 	 

ACCEPTED BY:

OPTIONEE

	 	 	 	 	 
	Signature:
	 	 	 	 
	Date:

	 	 

	 	 
	 

	 	 

	 	 

DESIGNATED RECIPIENT

	 	 	 	 	 
	By:
	 	 	 	 
	Date Received:

	 

	 	 
	 

	 	 

	 	 

			
	Attachments:	 	Appendix A — Hunter Acquisition Corp. 2005 Stock Incentive Plan
	 	 	
Appendix B — Stock Option Agreement

 

 

APPENDIX A

HUNTER ACQUISITION CORP.

2005 STOCK INCENTIVE PLAN

(See Attached)

 

 

APPENDIX B

STOCK OPTION AGREEMENT

(See Attached)

 

 

HUNTER ACQUISITION CORP.

 2005 STOCK INCENTIVE PLAN 

STOCK OPTION AGREEMENT

     THIS AGREEMENT is made as of the Date of Grant set forth in the Notice of Grant of Stock
Option (“Notice of Grant”) between Hunter Acquisition Corp., a Delaware corporation (the
“Company”), and Optionee in order to carry out the purposes of the Hunter Acquisition Corp. 2005
Stock Incentive Plan (the “Plan”) by affording Optionee the opportunity to purchase shares of Class
B Stock of the Company, and in consideration of the mutual agreements and other matters set forth
in this Agreement, in the Notice of Grant, and in the Plan, the Company and Optionee hereby agree
as follows:

Section 1. DEFINITIONS

          1.1 Definitions. Wherever used in this Agreement, the following words and phrases
when capitalized will have the meanings ascribed below, unless the context clearly indicates to the
contrary, and all other capitalized terms used in this Agreement, which are not defined below, will
have the meanings set forth in the Plan.

               (a) “Act” means the Securities Act of 1933, as amended.

               (b) “Agreement” means this stock option agreement between Optionee and the Company.

               (c) “Cause” means “cause” as defined in Optionee’s employment or service agreement or in the
absence of such an agreement or such a definition, “Cause” will mean a determination by the
Committee that Optionee (i) has engaged in personal dishonesty, willful violation of any law, rule,
or regulation (other than minor traffic violations or similar offenses), or breach of fiduciary
duty involving personal profit, (ii) is unable to satisfactorily perform or has failed to
satisfactorily perform Optionee’s duties and responsibilities for the Company or any Affiliate,
(iii) has been convicted of, or plead nolo contendere to, any felony or a crime involving moral
turpitude, (iv) has engaged in negligence or willful misconduct in the performance of his duties,
including, but not limited to, willfully refusing without proper legal reason to perform Optionee’s
duties and responsibilities, (v) has materially breached any corporate policy or code of conduct
established by the Company or any Affiliate as such policies or codes may be adopted from time to
time, (vi) has violated the terms of any confidentiality, nondisclosure, intellectual property,
nonsolicitation, noncompetition, proprietary information and inventions, or any other agreement
between Optionee and the Company related to Optionee’s Service, or (vii) has engaged in conduct
that is likely to have a deleterious effect on the Company or any Affiliate or their legitimate
business interests, including, but not limited to, their goodwill and public image.

               (d) “Date of Grant” means the date set forth as the Date of Grant in the Notice of Grant.

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               (e) “Expiration Date” means the date set forth as the Expiration Date in the Notice of Grant.

               (f) “For Cause Option Share Repurchase Option” means the right of the Company to repurchase,
upon the termination of Optionee’s Service, the Option Shares granted to Optionee as set forth in
Section 5.2.

               (g) “Involuntary Termination” means a termination of Optionee’s Service, which (i) is not
initiated in whole or in part by Optionee, (ii) is not a termination as a result of disability or
death, and (iii) is not consented to by Optionee.

               (h) “Notice of Grant” means the Notice of Grant of Stock Option accompanying the Agreement.

               (i) “Option” means the right and option to purchase shares of Stock on the terms set forth in
this Agreement, the Notice of Grant, and the Plan.

               (j) “Optionee” means the person to whom this Option is granted as specified in the Notice of
Grant.

               (k) “Option Share Repurchase Option” means the right of the Company to repurchase, upon the
termination of Optionee’s Service, the Option Shares granted to Optionee as set forth in
Section 5.2.

               (l) “Option Shares” means the Stock purchased pursuant to the exercise of the Option.

               (m) “Service” means Optionee’s service in his status as Employee, Consultant, or Director, as
applicable, or status as employee, consultant, or director of a corporation, or parent or
subsidiary of such corporation, assuming or substituting a new option for this Option;
provided, however, in the case of an Incentive Stock Option, “Service” means only
Optionee’s service in his status as an Employee or status as an employee of a corporation, or
parent or subsidiary of such corporation, assuming or substituting a new option for this Option.

               (n) “Stock” means shares of Class B Stock.

               (o) “Vested Interest” means the vested interest determined in accordance with Section
4 of this Agreement.

               (p) “Vesting Schedule” means the Vesting Schedule specified in the Notice of Grant.

          1.2 Number and Gender. Wherever appropriate in this Agreement, words used in the
singular will be considered to include the plural, and words used in the plural will be considered
to include the singular. The masculine gender, where appearing in this Agreement, will be deemed
to include the feminine gender where appropriate.

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          1.3 Headings of Sections and Subsections. The headings of Sections and Subsections in
this Agreement are included solely for convenience. If there is any conflict between such headings
and the text of the Plan, the text will in all cases control. All references to Sections and
Subsections are to this document unless otherwise indicated.

Section 2. GRANT OF OPTION AND PURCHASE PRICE

          2.1 Grant of Option. The Company hereby grants to Optionee the Option to purchase all
or any part of the shares subject to the Option on the terms and conditions set forth in this
Agreement and in the Notice of Grant and the Plan. The number of shares subject to purchase under
the Option are set forth in such Optionee’s Notice of Grant. The Notice of Grant and the Plan are
incorporated in this Agreement by reference as a part of this Agreement.

          2.2 Purchase Price. The purchase price of the Stock purchased pursuant to the
exercise of this Option (“Option Shares”) will be the price per share as set forth in the Notice of
Grant.

Section 3. EXERCISE OF OPTION

          3.1 Exercise of Option. Subject to the earlier expiration of this Option as provided
in Section 3.2 or 3.3, and subject to the exercise restrictions set forth in
Section 3.4, this Option may be exercised, by written notice to the Company at its
principal executive office addressed to the attention of its Chief Executive Officer, at any time
and from time to time after the Date of Grant, but this Option will be exercisable only for the
portion of this Option in which Optionee has acquired a Vested Interest in accordance with
Section 4 of this Agreement.

          3.2 Effect of Termination of Service on Exercisability. Except as provided in
Sections 3.5 and 3.6, this Option may be exercised only while Optionee remains in
Service and will terminate and cease to be exercisable upon Optionee’s termination of Service,
except as follows:

               (a) Termination on Account of Disability. If Optionee’s Service terminates by reason
of disability (within the meaning of section 22(e)(3) of the Code), this Option may be exercised by
Optionee (or Optionee’s estate or the person who acquires this Option by will or the laws of
descent and distribution or otherwise by reason of the death of Optionee) at any time during the
period of one year following such termination, but only as to the portion of this Option in which
Optionee had a Vested Interest as of the date Optionee’s Service so terminates.

               (b) Termination on Account of Death. If Optionee dies while in Service, Optionee’s
estate, or the person who acquires this Option by will or the laws of descent and distribution or
otherwise by reason of the death of Optionee, may exercise this Option at any time during the
period of one year following the date of Optionee’s death, but only as to the portion of this
Option in which Optionee had a Vested Interest as of the date of Optionee’s death.

               (c) Involuntary Termination not for Cause. If Optionee’s Service terminates as an
Involuntary Termination for any reason other than as described in Subsection 3.2(a) or
3.2(b), unless such Service is terminated for Cause, this Option may be

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exercised by Optionee at any time during the period of three months following such Involuntary
Termination, or by Optionee’s estate (or the person who acquires this Option by will or the laws of
descent and distribution or otherwise by reason of the death of Optionee) during a period of one
year following Optionee’s death if Optionee dies during such three-month period, but in each such
case only as to the portion of this Option in which Optionee had a Vested Interest as of the date
Optionee’s Service so terminates. The Committee may, in its sole discretion, advise Optionee in
writing, prior to a termination of Optionee’s Service that would not otherwise be an Involuntary
Termination other than for Cause, that such termination will be treated for purposes of this
Subsection as an Involuntary Termination and for a reason other than Cause.

          3.3 Term of Option. This Option will not be exercisable in any event after the
Expiration Date.

          3.4 Restrictions on Exercise.

               (a) Non-Transferability of Option. Notwithstanding any provision of this Section to
the contrary, the Option may be exercised, during the lifetime of Optionee, only by Optionee or
Optionee’s guardian or legal representative and may not be assigned or transferred in any manner
except by will or by the laws of descent and distribution.

               (b) Compliance with Securities Law. Notwithstanding any provision of this Agreement
to the contrary, the grant of the Option and the issuance of Stock will be subject to compliance
with all applicable requirements of federal, state, or foreign law with respect to such securities
and with the requirements of any stock exchange or market system upon which the Common Stock may
then be listed. The Option may not be exercised if the issuance of shares of Stock upon exercise
would constitute a violation of any applicable federal, state, or foreign securities laws or other
law or regulations or the requirements of any stock exchange or market system upon which the Stock
may then be listed. In addition, the Option may not be exercised unless (i) a registration
statement under the Act is at the time of exercise of the Option in effect with respect to the
shares issuable upon exercise of the Option or (ii) in the opinion of legal counsel to the Company,
the shares issuable upon exercise of the Option may be issued in accordance with the terms of an
applicable exemption from the registration requirements of the Act. THE OPTIONEE IS CAUTIONED THAT
THE OPTION MAY NOT BE EXERCISED UNLESS THE FOREGOING CONDITIONS ARE SATISFIED. ACCORDINGLY, THE
OPTIONEE MAY NOT BE ABLE TO EXERCISE THE OPTION WHEN DESIRED EVEN THOUGH THE OPTION IS VESTED. The
inability of the Company to obtain from any regulatory body having jurisdiction the authority, if
any, deemed by the Company’s legal counsel to be necessary to the lawful issuance and sale of any
shares subject to the Option will relieve the Company of any liability in respect of the failure to
issue or sell such shares as to which such requisite authority has not been obtained. As a
condition to the exercise of the Option, the Company may require the Optionee to satisfy any
qualifications that may be necessary or appropriate to evidence compliance with any applicable law
or regulation and to make any representation or warranty with respect to such compliance as may be
requested by the Company.

          3.5 Extension if Exercise Prevented by Law. Notwithstanding Section 3.2, if
the exercise of the Option within the applicable time periods set forth in Section 3.2 is

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prevented by the provisions of Subsection 3.4(b), the Option will remain exercisable
until 30 days after the date the Optionee is notified by the Company that the Option is
exercisable, but in any event no later than the Expiration Date. The Company makes no
representation as to the tax consequences of any such delayed exercise. The Optionee should
consult with the Optionee’s own tax advisor as to the tax consequences of any such delayed
exercise.

          3.6 Extension if Optionee Subject to Section 16(b). Notwithstanding Section
3.2, if a sale within the applicable time periods set forth in Section 3.2 of shares
acquired upon the exercise of the Option would subject the Optionee to suit under Section 16(b) of
the 1934 Act, the Option will remain exercisable until the earliest to occur of (i) the 10th day
following the date on which a sale of such shares by the Optionee would no longer be subject to
such suit, (ii) the 190th day after the Optionee’s termination of Service, or (iii) the Expiration
Date. The Company makes no representation as to the tax consequences of any such delayed exercise.
The Optionee should consult with the Optionee’s own tax advisor as to the tax consequences of any
such delayed exercise.

          3.7 Method of Payment.

               (a) Methods of Payment Authorized. Subject to Subsection 3.7(b), the purchase
price of shares as to which this Option is exercised will be paid in full at the time of exercise
(i) in cash (including check, bank draft, or money order payable to the order of the Company), (ii)
in whole shares of Stock having a Fair Market Value equal to the purchase price, (iii) by cashless
exercise as described in Subsection 3.7(b)(ii), or (iv) any combination of the above. No
fraction of a share of Stock will be issued by the Company upon exercise of an Option or accepted
by the Company in payment of the purchase price thereof; rather, Optionee will provide a cash
payment for such amount as is necessary to effect the issuance and acceptance of only whole shares
of Stock.

               (b) Limitations on Methods of Payment.

               (i) Payment in Stock. Subsection 3.7(a) notwithstanding, the Option
may not be exercised in shares of Stock (A) to the extent such exercise would constitute a
violation of the provisions of any law, regulation, or agreement restricting the redemption
of the Company’s Stock or (B) unless such shares either have been owned by the Optionee for
more than six months or were not acquired through an option issued by the Company.

               (ii) Cashless Exercise. Optionee (or the person permitted to exercise this
Option in the event of Optionee’s death or disability) may direct, in a properly executed
written notice, that the exercise of this Option be effected as a “cashless exercise.” A
“cashless exercise” means the assignment in a form acceptable to the Company of the proceeds
of a sale or loan with respect to some or all of the shares of Stock acquired upon the
exercise of the Option pursuant to a program or procedure approved by the Company
(including, without limitation, through an exercise complying with the provisions of
Regulation T as promulgated from time to time by the Board of Governors of the Federal
Reserve System) or an immediate sale to the Company respecting all or any part of the shares
of Stock to which Optionee is entitled upon

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exercise of this Option pursuant to an extension of credit by the Company, on an
interest-free basis, to Optionee of the purchase price (in such event, immediately following
such sale, Optionee will deliver to the Company funds sufficient to satisfy such extension
of credit). The Company reserves, at any and all times, the right, in the Company’s sole
and absolute discretion, to decline to approve or terminate any such program or procedure.
Generally, and without limiting the Company’s absolute discretion, a “cashless exercise”
will only be permitted at such times in which the shares underlying this Option are publicly
traded.

          3.8 Issuance of Certificate. Subject to Section 5.1, a certificate or
certificates evidencing the shares of Stock acquired pursuant to this Option will be issued by the
Company to, and registered in the name of, Optionee (or any other person permitted to exercise this
Option pursuant to the terms of the Plan and Agreement). The Company may at any time place legends
referencing any restrictions on all certificates representing shares of Stock subject to the
provisions of this Agreement. Unless and until a certificate or certificates representing such
shares will have been issued by the Company to Optionee, Optionee (or any other person permitted to
exercise this Option pursuant to the terms of the Plan and this Agreement) will not be or have any
of the rights or privileges of a stockholder of the Company with respect to shares acquirable upon
an exercise of this Option.

     Section 4. VESTING

          4.1 Vesting of Shares. Subject to Sections 4.2 and 4.3, Optionee will
acquire a Vested Interest in this Option in accordance with the Vesting Schedule set forth in the
Notice of Grant. Notwithstanding Optionee’s acquisition of a Vested Interest pursuant to this
Section, no Option or portion of an Option will be exercisable by Optionee prior to or after the
time provided in Section 3 or in any manner except as provided in Section 3.

          4.2 Acceleration of Vesting upon Certain Events Associated with a Corporate Change.
Unless otherwise provided in the Notice of Grant, Optionee will acquire a Vested Interest in the
Option prior to the time stated in Section 4.1 as follows:

               (a) If Optionee’s Service terminates as an Involuntary Termination other than for Cause within
12 months following the effective date of a Corporate Change, Optionee will acquire, effective as
of the effective date of the termination of Optionee’s Service, a 100% Vested Interest in the
shares subject to this Option.

          4.3 Termination of Optionee’s Service. Upon termination of Optionee’s Service for any
reason, including, but not limited to, death and disability, Optionee will cease to acquire as of
the date of such termination any additional Vested Interest in the shares subject to this Option.
Optionee will forfeit his Vested Interest in any unexercised portion of this Option effective
immediately upon Optionee’s termination of his Service for Cause (as determined by the Committee
notwithstanding that Cause may not be a reason expressed by the Company for such termination). In
the event of such a forfeiture, Optionee will, upon demand by the Company, promptly surrender to
the Company the unexercised portion of this Option. If Optionee’s Service is terminated either (a)
during the first 12 months after the Date of Grant or (b) at any time with Cause, then all Option
Shares shall be subject to the For Cause Option Share

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Repurchase Option under Section 5.2(a). If Optionee’s Service is terminated in any
other manner, then the Option Shares shall be subject to the Option Share Repurchase Option under
Section 5.2(a).

     Section 5. STATUS OF STOCK AND RESTRICTIONS

          5.1 Status of Stock. With respect to the status of the Stock, at the time of
execution of this Agreement Optionee understands and agrees to all of the following:

               (a) Optionee understands that at the time of the execution of this Agreement the shares of
Stock to be issued upon exercise of this Option have not been registered under the Act or any state
securities law and that the Company does not currently intend to effect any such registration. In
the event exemption from registration under the Act is available upon an exercise of this Option,
Optionee (or the person permitted to exercise this Option in the event of Optionee’s death or
disability), if requested by the Company to do so, will execute and deliver to the Company in
writing an agreement containing such provisions as the Company may require to ensure compliance
with applicable securities laws.

               (b) Optionee agrees that the shares of Stock that Optionee may acquire by exercising this
Option will be acquired for investment without a view to distribution, within the meaning of the
Act, and will not be sold, transferred, assigned, pledged, or hypothecated in the absence of an
effective registration statement for the shares under the Act and applicable state securities laws
or an applicable exemption from the registration requirements of the Act and any applicable state
securities laws. Optionee also agrees that the shares of Stock that Optionee may acquire by
exercising this Option will not be sold or otherwise disposed of in any manner that would
constitute a violation of any applicable securities laws, whether federal or state.

               (c) Optionee agrees that (i) the Company may refuse to register the transfer of the shares of
Stock purchased under this Option on the stock transfer records of the Company if such proposed
transfer would in the opinion of counsel satisfactory to the Company constitute a violation of any
applicable securities law and (ii) the Company may give related instructions to its transfer agent,
if any, to stop registration of the transfer of the shares of Stock purchased under this Option.

          5.2 Share Repurchase Options.

               (a) Grant of Share Repurchase Options. Subject to Section 4.3, upon the
termination of Optionee’s Service either (i) during the first 12 months after the Date of Grant or
(ii) at any time for Cause, the Company will have the right to repurchase all Option Shares issued
pursuant to this Agreement under the terms and subject to the conditions set forth in this Section
(the “For Cause Option Share Repurchase Option”). Subject to Section 4.3, upon the
termination of Optionee’s Service in any other manner the Company will have the right to repurchase
the Option Shares issued pursuant to this Agreement under the terms and subject to the conditions
set forth in this Section (the “Option Share Repurchase Option”).

               (b) Exercise of Share Repurchase Options. The Company may exercise the For Cause
Option Share Repurchase Option by written notice to Optionee within 90 days after termination of
Optionee’s Service. If the Company fails to give notice within such

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90 day period, the For Cause Option Share Repurchase Option will expire unless the Company and
Optionee have agreed in writing, prior to the end of such 90 day period, to extend the time for the
exercise of the For Cause Option Share Repurchase Option. The For Cause Option Share Repurchase
Option may be exercised by the Company, if at all, for any or all of the Option Shares. The
Company may exercise the Option Share Repurchase Option by written notice to Optionee within 12
months after termination of Optionee’s Service. If the Company fails to give notice within such
12-month period, the Option Share Repurchase Option will expire unless the Company and Optionee
have agreed in writing, prior to the end of such 12-month period, to extend the time for the
exercise of the Option Share Repurchase Option. The Option Share Repurchase Option may be
exercised by the Company, if at all, for any or all of the Option Shares.

               (c) Payment for Option Shares and Return of Option Shares to Company. The purchase
price per share of Option Shares being repurchased by the Company pursuant to the For Cause Option
Share Repurchase Option will be an amount equal to Optionee’s original purchase price per share as
set forth in the Notice of Grant, as adjusted pursuant to Section 9 of the Plan (the “For Cause
Option Share Repurchase Price”). The Company will pay the aggregate For Cause Option Share
Repurchase Price to Optionee in cash within 60 days after the date of the written notice to
Optionee of the Company’s exercise of the For Cause Option Share Repurchase Option. For purposes
of the foregoing, cancellation of any indebtedness of Optionee to the Company associated with the
purchase of the shares will be treated as payment to Optionee in cash to the extent of the unpaid
principal and any accrued interest canceled. The shares being repurchased will be delivered to the
Company by Optionee at the same time as the delivery of the For Cause Option Share Repurchase Price
to Optionee. The purchase price per share of Option Shares being repurchased by the Company
pursuant to the Option Share Repurchase Option will be an amount equal to the Fair Market Value of
the Stock determined, at the Company’s option, either as of the time of the termination of
Optionee’s Service or as of the time of such repurchase (the “Option Share Repurchase Price”). The
“Fair Market Value” of the Stock shall mean the value per share determined in good faith by the
Board of Directors of the Company. The Company will pay the aggregate Option Share Repurchase
Price to Optionee in cash within 60 days after the date the Company sends the Optionee written
notice of the Company’s exercise of the Option Share Repurchase Option. For purposes of the
foregoing, cancellation of any indebtedness of Optionee to the Company associated with the purchase
of the shares will be treated as payment to Optionee in cash to the extent of the unpaid principal
and any accrued interest cancelled. The shares being repurchased will be delivered to the Company
by Optionee at the same time as the delivery of the Option Share Repurchase Price to Optionee.

               (d) Assignment of For Cause Option Share Repurchase Option and Option Share Repurchase
Option. The Company will have the right to assign the For Cause Option Share Repurchase Option
and Option Share Repurchase Option at any time, whether or not such option is then exercisable, to
one or more persons or entities as may be selected by the Company.

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          5.3 Company’s Right of First Refusal.

               (a) If, at any time, Optionee has exercised this Option and purchased Stock, Optionee agrees
that if Optionee thereafter intends to transfer any or all of the Option Shares, Optionee will
first give the Company notice in writing of such proposed transfer. Such notice (the “Notice”)
will contain (i) the name and address of Optionee and the proposed transferee, (ii) the terms and
conditions of such transfer, including, in the event that any third party offer has been received
by Optionee and Optionee intends to accept such offer, the purchase price, and if such price is to
be paid in whole or in part in consideration other than cash, a full and complete description of
such non-cash consideration, and (iii) an offer (the “Required Offer”) to sell such Option Shares
to the Company at a price per share equal to the proposed consideration for the transfer of such
Option Shares. The Committee will determine the fair cash equivalent of any proposed consideration
that is other than cash. At any time during the 30-day period immediately following the delivery
of the Notice to the Company, the Company will have the exclusive right and option, but not the
obligation, to accept the Required Offer and proceed with the purchase of such Option Shares
pursuant to such Required Offer. In the event the Company does not exercise its rights as set
forth in this Section, Optionee will be free to transfer such Option Shares under the terms and
conditions stated in the Notice; provided, however, that if such transfer does not
take place within 60 days following the delivery of the Notice to the Company, the terms of this
Section must once again be followed prior to the transfer of the Option Shares. Any Option Shares
that are transferred pursuant to the preceding provisions of this Section will continue to be
subject to the right of first refusal set forth in this Section subsequent to any such transfer.
If at any time a proposed transfer by Optionee applies to less than all of the Option Shares of
Optionee, the right of first refusal in this Agreement granted to the Company will remain in full
force and effect as to the remainder of such Option Shares, regardless of whether it is exercised
with respect to such initial portion. Optionee may not pledge or otherwise encumber any of the
Option Shares without the written consent of the Company.

               (b) The right of first refusal stated in this Agreement will survive the termination of this
Agreement. The Company also has the right to assign the right of first refusal stated in this
Agreement. The right of first refusal stated in this Agreement will not apply to transfers of
Option Shares pursuant to the laws of descent and distribution; provided, however,
that any such Option Shares will be subject to the right of first refusal set forth in this Section
subsequent to any such transfer. The right of first refusal stated in this Agreement will not
apply to the exchange of Option Shares pursuant to a plan of merger, consolidation,
recapitalization, or reorganization of the Company, but any stock, securities, or other property
received in exchange therefor will be subject to the right of first refusal set forth in this
Agreement; provided, however, that any such stock or securities received in any
such merger, consolidation, recapitalization, or reorganization will not be subject to the right of
first refusal set forth in this Section if the stock or securities received in such merger,
consolidation, recapitalization, or reorganization are registered under the 1934 Act. A
dissolution or liquidation of the Company will not trigger the right of first refusal set forth in
this Agreement; provided, however, that a dissolution or a liquidation of the
Company within one year following the sale of all or substantially all of the assets of the Company
in exchange for stock or securities will be considered a reorganization of the Company. The right
of first refusal set forth in this Section will terminate on the date upon which the Company (or a
successor to the Company) first

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becomes publicly held. For purposes of the preceding sentence, the Company (or a successor to
the Company) will be considered “publicly held” if the securities that are of the same class as the
Stock (or the securities for which the Stock are exchanged as described in this Section or pursuant
to the Plan) will be registered under Section 12 of the 1934 Act.

               (c) The Company shall not be required to (i) transfer on its books any Option Shares that have
been sold or transferred in contravention of this Agreement or (ii) treat as the owner of Option
Shares, or otherwise to accord voting, dividend or liquidation rights to, any transferee to whom
Option Shares have been transferred in contravention of this Agreement. Notwithstanding the
foregoing provisions of subsections (a) and (b), with advance written consent of
the Company, Option Shares may be transferred to Permitted Transferees (as defined below) of the
Optionee. The terms of the Option Shares shall be final, binding and conclusive upon the
beneficiaries, executors, administrators, heirs and successors of the Optionee. A “Permitted
Transferee” means (i) the spouse of the Optionee, (ii) a trust, or family partnership, the sole
beneficiary of which is the Optionee, the spouse of or, any person related by blood or adoption to,
the Optionee; provided, that any such transfers to a Permitted Transferee do not conflict
with or constitute a violation of state or federal securities laws, the Permitted Transferee grants
to the Optionee an irrevocable proxy coupled with an interest to vote all of the Stock so
transferred and the Permitted Transferee agrees in writing to be bound by the terms of this
Agreement.

          5.4 Lock-Up Period. Optionee hereby agrees that, if so requested by the Company or
any representative of the underwriters (the “Managing Underwriter”) in connection with any
registration of the offering of any securities of the Company under the Act, Optionee will not sell
or otherwise transfer any Option Shares or other securities of the Company during the 180-day
period (or such other period as may be requested in writing by the Managing Underwriter and agreed
to in writing by the Company) (the “Market Standoff Period”) following the effective date of a
registration statement of the Company filed under the Act. Such restriction will apply only to the
first registration statement of the Company to become effective under the Act that includes
securities to be sold on behalf of the Company to the public in an underwritten public offering
under the Act. The Company may impose stop-transfer instructions with respect to securities
subject to the foregoing restrictions until the end of such Market Standoff Period.

          5.5 Legends. The Company may at any time place legends referencing any restrictions
imposed on the shares pursuant to Section 5, and any applicable federal, state or foreign
securities law restrictions on all certificates representing shares of Stock subject to the
provisions of this Agreement. The Optionee will, at the request of the Company, promptly present
to the Company any and all certificates representing shares acquired pursuant to the Option in the
possession of the Optionee in order to carry out the provisions of this Section. Unless otherwise
specified by the Company, legends placed on such certificates may include, but are not limited to,
the following:

“THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND
MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED

10

 

UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER
SUCH ACT COVERING SUCH SECURITIES, THE SALE IS MADE IN
ACCORDANCE WITH RULE 144 OR RULE 701 UNDER THE ACT, OR THE
COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE HOLDER OF
THESE SECURITIES REASONABLY SATISFACTORY TO THE COMPANY,
STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR
HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS
DELIVERY REQUIREMENTS OF SUCH ACT.”

“THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A
RIGHT OF FIRST REFUSAL OPTION IN FAVOR OF THE CORPORATION OR
ITS ASSIGNEE SET FORTH IN AN AGREEMENT BETWEEN THE
CORPORATION AND THE REGISTERED HOLDER, OR SUCH HOLDER’S
PREDECESSOR IN INTEREST, A COPY OF WHICH IS ON FILE AT THE
PRINCIPAL OFFICE OF THIS CORPORATION.”

If this Option is designated an Incentive Stock Option in
the Notice of Grant: “THE SHARES EVIDENCED BY THIS
CERTIFICATE WERE ISSUED BY THE CORPORATION TO THE REGISTERED
HOLDER UPON EXERCISE OF AN INCENTIVE STOCK OPTION AS DEFINED
IN SECTION 422 OF THE INTERNAL REVENUE CODE OF 1986, AS
AMENDED (“ISO”). IN ORDER TO OBTAIN THE PREFERENTIAL TAX
TREATMENT AFFORDED TO ISOs, THE SHARES SHOULD NOT BE
TRANSFERRED PRIOR TO [                    ]. SHOULD THE REGISTERED
HOLDER ELECT TO TRANSFER ANY OF THE SHARES PRIOR TO THIS
DATE AND FOREGO ISO TAX TREATMENT, THE TRANSFER AGENT FOR
THE SHARES SHALL NOTIFY THE CORPORATION IMMEDIATELY. THE
REGISTERED HOLDER SHALL HOLD ALL SHARES PURCHASED UNDER THE
INCENTIVE STOCK OPTION IN THE REGISTERED HOLDER’S NAME (AND
NOT IN THE NAME OF ANY NOMINEE) PRIOR TO THIS DATE OR UNTIL
TRANSFERRED AS DESCRIBED ABOVE.”

          5.6 Notice of Sales Upon Disqualifying Disposition of ISO. If the Option is
designated as an Incentive Stock Option in the Notice of Grant, the Optionee must comply with

11

 

the provisions of this Section. The Optionee must promptly notify the Chief Financial Officer
of the Company if the Optionee disposes of any of the shares acquired pursuant to the Option within
one year after the date the Optionee exercises all or part of the Option or within two years after
the Date of Grant. Until such time as the Optionee disposes of such shares in a manner consistent
with the provisions of this Agreement, unless otherwise expressly authorized by the Company, the
Optionee must hold all shares acquired pursuant to the Option in the Optionee’s name (and not in
the name of any nominee) for the one-year period immediately after the exercise of the Option and
the two-year period immediately after the Date of Grant. At any time during the one-year or
two-year periods set forth above, the Company may place a legend on any certificate representing
shares acquired pursuant to the Option requesting the transfer agent for the Company’s stock to
notify the Company of any such transfers. The obligation of the Optionee to notify the Company of
any such transfer will continue notwithstanding that a legend has been placed on the certificate
pursuant to the preceding sentence.

     Section 6. MISCELLANEOUS

          6.1 Service Relationship. For purposes of this Agreement, Optionee will be considered
to be in Service as long as Optionee remains an Employee, Consultant, or Director of either the
Company or a parent or subsidiary corporation (as defined in section 424 of the Code) of the
Company or an employee, consultant, or director of a corporation or a parent or subsidiary of such
corporation assuming or substituting a new option for this Option. Any question as to whether and
when there has been a termination of such Service, and the cause of such termination, will be
determined by the Committee, and its determination will be final.

          6.2 Notices. For purposes of this Agreement, notices and all other communications
provided for in this Agreement will be in writing and will be deemed to have been duly given when
personally delivered or (a) if Optionee is outside of the United States at the time of transmission
of such notice, when sent by courier, facsimile, or electronic mail, and (b) if Optionee is within
the United States at the time of transmission of such notice, when mailed by United States
registered or certified mail, return receipt requested, postage prepaid, addressed to the Company
and Optionee to the addresses set forth in the Notice of Grant or to such other address as either
party may furnish to the other in writing in accordance with this Agreement, except that notices or
changes of address will be effective only upon receipt.

          6.3 Withholding of Tax. To the extent that (a) the exercise of this Option, (b) the
disposition of shares of Stock acquired by exercise of this Option, or (c) the operation of any law
or regulation providing for the imputation of interest results in compensation income or wages to
Optionee for federal or state income tax purposes (a “Taxable Event”), Optionee will deliver to the
Company at the time of such Taxable Event such amount of money or shares of Stock as the Company
may require to meet all obligations under applicable tax laws or regulations, and, if Optionee
fails to do so, the Company is authorized to withhold or cause to be withheld from any cash or
Stock remuneration then or thereafter payable to Optionee any tax required to be withheld by reason
of compensation income or wages resulting from such Taxable Event. Upon an exercise of this
Option, the Company is further authorized in its discretion to satisfy or cause to be satisfied any
such withholding requirement out of any cash or shares of Stock distributable to Optionee upon such
exercise.

12

 

          6.4 Binding Effect. This Agreement will be binding upon and inure to the benefit of
any successors to the Company and all persons lawfully claiming under Optionee.

          6.5 Governing Law. This Agreement will be governed by, and construed in accordance
with, the laws of the State of Delaware.

13exv10w10

 

Exhibit
10.10

HUNTER ACQUISITION CORP.

 2005 STOCK INCENTIVE PLAN 

RESTRICTED STOCK AGREEMENT

     THIS AGREEMENT is made as of the Date of Grant set forth in the Notice of Grant of Restricted
Stock (“Notice of Grant”) between Hunter Acquisition Corp., a Delaware corporation (the “Company”),
and Grantee in order to carry out the purposes of the Hunter Acquisition Corp. 2005 Stock Incentive
Plan (the “Plan”) by issuing Grantee shares of Class B Stock of the Company subject to certain
restrictions thereon, and in consideration of the mutual agreements and other matters set forth in
this Agreement, in the Notice of Grant, and in the Plan, the Company and Grantee hereby agree as
follows:

     1. DEFINITIONS

          1.1 Definitions. Wherever used in this Agreement, the following words and phrases
when capitalized will have the meanings ascribed below, unless the context clearly indicates to the
contrary, and all other capitalized terms used in this Agreement, which are not defined below, will
have the meanings set forth in the Plan.

               (a) “Act” means the Securities Act of 1933, as amended.

               (b) “Agreement” means this restricted stock agreement between Grantee and the Company.

               (c) “Cause” means “cause” as defined in Grantee’s Executive Advance Severance Agreement or in
the absence of such an agreement or such a definition, “Cause” will mean a determination by the
Committee that Grantee (i) has engaged in personal dishonesty, willful violation of any law, rule,
or regulation (other than minor traffic violations or similar offenses), or breach of fiduciary
duty involving personal profit, (ii) is unable to satisfactorily perform or has failed to
satisfactorily perform Grantee’s duties and responsibilities for the Company or any Affiliate,
(iii) has been convicted of, or plead nolo contendere to, any felony or a crime involving moral
turpitude, (iv) has engaged in negligence or willful misconduct in the performance of his duties,
including, but not limited to, willfully refusing without proper legal reason to perform Grantee’s
duties and responsibilities, (v) has materially breached any corporate policy or code of conduct
established by the Company or any Affiliate as such policies or codes may be adopted from time to
time, (vi) has violated the terms of any confidentiality, nondisclosure, intellectual property,
nonsolicitation, noncompetition, proprietary information and inventions, or any other agreement
between Grantee and the Company related to Grantee’s Service, or (vii) has engaged in conduct that
is likely to have a deleterious effect on the Company or any Affiliate or their legitimate business
interests, including, but not limited to, their goodwill and public image.

               (d) “Date of Grant” means the date set forth as the Date of Grant in the Notice of Grant.

1

 

               (e) “Forfeiture Restrictions” means the following restrictions: the Restricted Shares, except
to the extent that the Forfeiture Restrictions have lapsed, (i) may not be sold, assigned, pledged,
exchanged, hypothecated, or otherwise transferred, encumbered, or disposed of by Grantee and (ii)
will be subject to the Company’s Unvested Share Repurchase Option upon termination of Grantee’s
Service for any reason.

               (f) “Involuntary Termination” means a termination of Grantee’s Service, which (i) is not
initiated in whole or in part by Grantee, (ii) is not a termination as a result of disability or
death, and (iii) is not consented to by Grantee.

               (g) “Restricted Shares” means the shares of Stock issued to Grantee on the terms set forth in
this Agreement, the Notice of Grant, and the Plan.

               (h) “Grantee” means the person to whom the Restricted Shares are granted as specified in the
Notice of Grant.

               (i) “Notice of Grant” means the Notice of Grant of Restricted Stock accompanying the
Agreement.

               (j) “Service” means Grantee’s service in his status as Employee, Consultant, or Director, as
applicable, or status as employee, consultant, or director of a corporation, or parent or
subsidiary of such corporation, assuming or substituting new restricted shares for the Restricted
Shares.

               (k) “Stock” means shares of Class B Stock.

               (l) “Unvested Share Repurchase Option” means the right of the Company to repurchase, upon the
termination of Grantee’s Service, the Restricted Shares granted to Grantee as set forth in
Section 4.2.

               (m) “Vested Share Repurchase Option” means the right of the Company to repurchase, upon the
termination of Grantee’s Service, the Restricted Shares granted to Grantee as set forth in
Section 4.2.

          1.2 Number and Gender. Wherever appropriate in this Agreement, words used in the
singular will be considered to include the plural, and words used in the plural will be considered
to include the singular. The masculine gender, where appearing in this Agreement, will be deemed
to include the feminine gender where appropriate.

          1.3 Headings of Sections and Subsections. The headings of Sections and Subsections in
this Agreement are included solely for convenience. If there is any conflict between such headings
and the text of the Plan, the text will in all cases control. All references to Sections and
Subsections are to this document unless otherwise indicated.

     2. ISSUANCE OF RESTRICTED SHARES

          2.1 Grant of Restricted Shares. The Company hereby issues to Grantee the Restricted
Shares on the terms and conditions set forth in this Agreement and in the Notice of

2

 

Grant and the Plan. The number of shares of Stock issued as Restricted Shares are set forth
in such Grantee’s Notice of Grant. The Notice of Grant and the Plan are incorporated in this
Agreement by reference as a part of this Agreement.

          2.2 Issuance of Certificate.

               (a) Subject to Section 4.1, a certificate or certificates evidencing the Restricted
Shares will be issued by the Company to, and registered in the name of, Grantee. The Company may
at any time place legends referencing the Forfeiture Restrictions and any other restrictions on all
certificates representing shares of Stock subject to the provisions of this Agreement. Unless and
until a certificate or certificates representing such shares will have been issued by the Company
to Grantee, Grantee will not be or have any of the rights or privileges of a stockholder of the
Company with respect to the Restricted Shares.

               (b) Upon the issuance of such certificate or certificates evidencing the Restricted Shares to
Grantee, Grantee will have the right to receive dividends with respect to such shares, subject to
the terms of this Agreement, to vote such shares, and to enjoy all other stockholder rights, except
that (i) Grantee will not be entitled to the delivery of such certificate until the Forfeiture
Restrictions have lapsed, (ii) the Company will retain custody of such certificates until the
Forfeiture Restrictions have lapsed, (iii) Grantee may not sell, transfer, pledge, exchange,
hypothecate, or otherwise dispose of such shares until the Forfeiture Restrictions have lapsed, and
(iv) a breach of any of the terms and conditions set forth in the Plan, Notice of Grant, and this
Agreement will cause a forfeiture of such shares.

          2.3 Election Under Section 83(b) of the Code. Grantee understands that Grantee should
consult with Grantee’s tax advisor regarding the advisability of filing with the Internal Revenue
Service an election under section 83(b) of the Code with respect to the Restricted Shares so
acquired by Grantee for which the Forfeiture Restrictions have not lapsed. This election must be
filed no later than 30 days after the date on which Grantee is issued such Restricted Shares. This
time period cannot be extended. GRANTEE ACKNOWLEDGES (A) THAT GRANTEE HAS BEEN ADVISED TO CONSULT
WITH A TAX ADVISOR REGARDING THE TAX CONSEQUENCES TO GRANTEE OF THE RECEIPT OF THE RESTRICTED
SHARES AND (B) THAT TIMELY FILING OF A SECTION 83(B) ELECTION IS GRANTEE’S SOLE RESPONSIBILITY,
EVEN IF GRANTEE REQUESTS THE COMPANY OR ITS REPRESENTATIVE TO FILE SUCH ELECTION ON GRANTEE’S
BEHALF.

          2.4 Establishment of Escrow.

               (a) To ensure that the shares subject to the Forfeiture Restrictions will be available to the
Company upon forfeiture or repurchase, as applicable, Grantee will be required to deposit the
certificate evidencing the shares with the Company or an agent designated by the Company under the
terms and conditions of escrow and security agreements approved by the Company. The Company will
bear the expenses of the escrow. After the expiration of the Forfeiture Restrictions, the escrow
agent will deliver to Grantee, at the Grantee’s written request, the shares and any other property
no longer subject to such Forfeiture Restrictions as soon as

3

 

practicable after receipt of such written request, but not more frequently than twice each
calendar year.

               (b) Upon the occurrence of a Corporate Change as defined in the Plan, a recapitalization as
described in Section 9.3 of the Plan, or other change in Stock described in Section 9.5 of the
Plan, any and all new, substituted, or additional securities or other property to which Grantee is
entitled by reason of Grantee’s ownership of the Restricted Shares that remain subject to the
Forfeiture Restrictions following such Corporate Change, recapitalization, or other change in Stock
will be immediately subject to such Forfeiture Restrictions and to escrow to the same extent as
such shares of Stock immediately before such event.

               (c) In the event the shares and any other property held in escrow are subject to the Company’s
Unvested Share Repurchase Option, the notices required to be given to the Participant will be given
to the escrow agent, and any payment required to be given to the Participant will be given to the
escrow agent. Within 30 days after payment by the Company, the escrow agent will deliver to the
Company the shares and any other property that the Company has purchased and will deliver to the
Participant the payment received from the Company.

     3. FORFEITURE RESTRICTIONS

          3.1 Forfeiture Restrictions. The Restricted Shares will be subject to Forfeiture
Restrictions, until such time that the Forfeiture Restrictions lapse pursuant to the Vesting
Schedule in the Notice of Grant. Until they so lapse, the Forfeiture Restrictions will be binding
upon and enforceable against Grantee and any transferee of Grantee’s Restricted Shares.

          3.2 Acceleration of Lapsing of Forfeiture Restrictions Upon Certain Events Associated with
a Corporate Change. Unless otherwise provided in the Notice of Grant, if Grantee’s Service
terminates as an Involuntary Termination other than for Cause within 12 months following the
effective date of a Corporate Change, the Forfeiture Restrictions will lapse in their entirety
effective as of the date of Grantee’s termination.

          3.3 Termination of Grantee’s Service. Upon termination of Grantee’s Service for any
reason, including, but not limited to, death and disability, the Forfeiture Restrictions of the
Restricted Shares will no longer lapse from and after the date of such termination. If Grantee’s
Service is terminated either (i) during the first 12 months after the Date of Grant or (ii) at any
time with Cause, then all Restricted Shares shall be subject to the Restricted Share Repurchase
Option under Section 4.2(b). If Grantee’s service is terminated in any other manner, then
the Vested Shares shall be subject to the Vested Share Repurchase Option under Section
4.2(c), and the Unvested Shares shall be subject to the Unvested Share Repurchase Option under
Section 4.2(a).

4

 

     4. STATUS OF STOCK AND RESTRICTIONS

          4.1 Status of Stock. With respect to the status of the Stock, at the time of
execution of this Agreement, Grantee understands and agrees to all of the following:

               (a) Grantee understands that at the time of the execution of this Agreement the shares of
Stock to be issued have not been registered under the Act or any state securities law and that the
Company does not currently intend to effect any such registration. In the event exemption from
registration under the Act is available upon issuance of the Restricted Shares, Grantee, if
requested by the Company to do so, will execute and deliver to the Company in writing an agreement
containing such provisions as the Company may require to ensure compliance with applicable
securities laws.

               (b) Grantee agrees that the shares of Stock that Grantee acquires pursuant to this Agreement
will be acquired for investment without a view to distribution, within the meaning of the Act, and
will not be sold, transferred, assigned, pledged, or hypothecated in the absence of an effective
registration statement for the shares under the Act and applicable state securities laws or an
applicable exemption from the registration requirements of the Act and any applicable state
securities laws. Grantee also agrees that the shares of Stock that Grantee acquires pursuant to
this Agreement will not be sold or otherwise disposed of in any manner that would constitute a
violation of any applicable securities laws, whether federal or state.

               (c) Grantee agrees that (i) the Company may refuse to register the transfer of the shares of
Stock acquired pursuant to this Agreement on the stock transfer records of the Company if such
proposed transfer would in the opinion of counsel satisfactory to the Company constitute a
violation of any applicable securities law and (ii) the Company may give related instructions to
its transfer agent, if any, to stop registration of the transfer of the shares of Stock acquired
pursuant to this Agreement.

          4.2 Share Repurchase Options.

               (a) Grant of Unvested Share Repurchase Option. Upon the termination of Grantee’s
Service for any reason, the Company will have the right to repurchase the Restricted Shares granted
pursuant to this Agreement for which Forfeiture Restrictions have not lapsed (“Unvested Shares”)
under the terms and subject to the conditions set forth in this Section (the “Unvested Share
Repurchase Option”).

               (b) Grant of Restricted Share Repurchase Option. Subject to Section 3.3 and
in addition to the Unvested Share Repurchase Option, upon the termination of Grantee’s Service
either (i) during the first 12 months after the Date of Grant or (ii) at any time with Cause, the
Company will have the right to repurchase all shares of Restricted Shares granted pursuant to this
Agreement under the terms and subject to the conditions set forth in this Section (the “Restricted
Share Repurchase Option”).

               (c) Grant of Vested Share Repurchase Option. Subject to Section 3.3 and in
addition to the Unvested Share Repurchase Option, upon the termination of Grantee’s Service in any
manner other than as set forth in Subsection (b) the Company will have the right to
repurchase the Restricted Shares granted pursuant to this Agreement for which Forfeiture

5

 

Restrictions have lapsed (“Vested Shares”) under the terms and subject to the conditions set
forth in this Section (the “Vested Share Repurchase Option”).

               (d) Exercise of Share Repurchase Options. The Company may exercise the Unvested Share
Repurchase Option and the Restricted Share Repurchase Option by written notice to Grantee within 90
days after termination of Grantee’s Service. If the Company fails to give notice within such
90-day period, the Unvested Share Repurchase Option and the Restricted Share Repurchase Option
will expire unless the Company and Grantee have agreed in writing, prior to the end of such 90-day
period, to extend the time for the exercise of the Unvested Share Repurchase Option and Restricted
Share Repurchase Option. The Unvested Share Repurchase Option and Restricted Share Repurchase
Option may be exercised by the Company, if at all, for any or all of the Unvested Shares and
Restricted Shares, as applicable. The Company may exercise the Vested Share Repurchase Option by
written notice to Grantee within 12 months after termination of Grantee’s Service. If the Company
fails to give notice within such 12-month period, the Vested Share Repurchase Option will expire
unless the Company and Grantee have agreed in writing, prior to the end of such 12-month period, to
extend the time for the exercise of the Vested Share Repurchase Option. The Vested Share
Repurchase Option may be exercised by the Company, if at all, for any or all of the Vested Shares.

               (e) Payment for Shares and Return of Shares to Company. The purchase price per share
of Unvested Shares and Restricted Shares being repurchased by the Company pursuant to the Unvested
Share Repurchase Option and the Restricted Share Repurchase Option will be an amount equal to
Grantee’s original purchase price per share as set forth in the Notice of Grant, as adjusted
pursuant to Section 9 of the Plan (the “Unvested and Restricted Share Repurchase Price”). The
Company will pay the aggregate Unvested and Restricted Share Repurchase Price to Grantee in cash
within 60 days after the date of the written notice to Grantee of the Company’s exercise of the
Unvested Share Repurchase Option. For purposes of the foregoing, cancellation of any indebtedness
of Grantee to the Company associated with the purchase of the shares will be treated as payment to
Grantee in cash to the extent of the unpaid principal and any accrued interest canceled. The
shares being repurchased will be delivered to the Company by Grantee at the same time as the
delivery of the Unvested and Restricted Share Repurchase Price to Grantee. The purchase price per
share of Vested Shares being repurchased by the Company will be an amount equal to the Fair Market
Value of the Stock determined, at the Company’s option, either as of the time of the termination of
Grantee’s Service or as of the time of such repurchase (the “Vested Share Repurchase Price”). The
“Fair Market Value” of the Stock shall mean the value per share determined in good faith by the
Board of Directors of the Company (the “Board”). The Company will pay the aggregate Vested Share
Repurchase Price to Grantee in cash within 60 days after the date the Company sends the Grantee
written notice of the Company’s exercise of the Unvested Share Repurchase Option. For purposes of
the foregoing, cancellation of any indebtedness of Grantee to the Company associated with the
purchase of the shares will be treated as payment to Grantee in cash to the extent of the unpaid
principal and any accrued interest canceled. The shares being repurchased will be delivered to the
Company by Grantee at the same time as the delivery of the Vested Share Repurchase Price to
Grantee.

6

 

               (f) Assignment of Unvested Share Repurchase Option and Vested Share Repurchase Option.
The Company will have the right to assign the Unvested Share Repurchase Option and the Vested
Share Repurchase Option at any time, whether or not such option is then exercisable, to one or more
persons or entities as may be selected by the Company.

               (g) Corporate Change or Other Change to Stock. Upon the occurrence of a Corporate
Change as defined in the Plan, a recapitalization as described in Section 9.3 of the Plan, or other
change in Stock described in Section 9.5 of the Plan, any and all new, substituted, or additional
securities or other property to which Grantee is entitled by reason of Grantee’s ownership of
Unvested Shares will be immediately subject to the Unvested Share Repurchase Option and will be
included in the terms “Stock,” “Restricted Shares” and “Unvested Shares” for all purposes of the
Unvested Share Repurchase Option with the same force and effect as immediately prior to such
Corporate Change, recapitalization, or other change in Stock. While the aggregate Unvested and
Restricted Share Repurchase Price will remain the same after such Corporate Change, the Unvested
and Restricted Share Repurchase Price per Unvested Share following such Corporate Change,
recapitalization, or other change in Stock will be adjusted as appropriate. Certificates
representing any new, substituted, or additional shares of stock will bear legends referencing the
Unvested Share Repurchase Option as appropriate.

          4.3 Company’s Right of First Refusal.

               (a) Grantee agrees that if Grantee intends to transfer any or all of the Restricted Shares,
Grantee will first give the Company notice in writing of such proposed transfer. Such notice (the
“Notice”) will contain (a) the name and address of Grantee and the proposed transferee, (b) the
terms and conditions of such transfer, including, in the event that any third party offer has been
received by Grantee and Grantee intends to accept such offer, the purchase price, and if such price
is to be paid in whole or in part in consideration other than cash, a full and complete description
of such non-cash consideration, and (c) an offer (the “Required Offer”) to sell such Restricted
Shares to the Company at a price per share equal to the proposed consideration for the transfer of
such Restricted Shares. The Committee will determine the fair cash equivalent of any proposed
consideration that is other than cash. At any time during the 30 day period immediately following
the delivery of the Notice to the Company, the Company will have the exclusive right and option,
but not the obligation, to accept the Required Offer and proceed with the purchase of such
Restricted Shares pursuant to such Required Offer. In the event the Company does not exercise its
rights as set forth in this Section, Grantee will be free to transfer such Restricted Shares under
the terms and conditions stated in the Notice; provided, however, that if such
transfer does not take place within 60 days following the delivery of the Notice to the Company,
the terms of this Section must once again be followed prior to the transfer of the Restricted
Shares. Any Restricted Shares that are transferred pursuant to the preceding provisions of this
Section will continue to be subject to the right of first refusal set forth in this Section
subsequent to any such transfer. If at any time a proposed transfer by Grantee applies to less
than all of the Restricted Shares of Grantee, the right of first refusal granted in this Agreement
to the Company will remain in full force and effect as to the remainder of such Restricted Shares,
regardless of whether it is exercised with respect to such initial portion. Grantee may not pledge
or otherwise encumber any of the Restricted Shares without the written consent of the Company.

7

 

               (b) The right of first refusal stated in this Agreement will survive the termination of this
Agreement. The Company also has the right to assign the right of first refusal stated in this
Agreement. The right of first refusal stated in this Agreement will not apply to transfers of
Restricted Shares pursuant to the laws of descent and distribution; provided,
however, that any such Restricted Shares will be subject to the right of first refusal set
forth in this Section subsequent to any such transfer. The right of first refusal stated in this
Agreement will not apply to the exchange of Restricted Shares pursuant to a plan of merger,
consolidation, recapitalization, or reorganization of the Company, but any stock, securities or
other property received in exchange therefor will be subject to the right of first refusal set
forth in this Agreement; provided, however, that any such stock or securities
received in any such merger, consolidation, recapitalization, or reorganization will not be subject
to the right of first refusal set forth in this Section if the stock or securities received in such
merger, consolidation, recapitalization, or reorganization are registered under the 1934 Act. A
dissolution or liquidation of the Company will not trigger the right of first refusal set forth in
this Agreement; provided, however, that a dissolution or a liquidation of the
Company within one year following the sale of all or substantially all of the assets of the Company
in exchange for stock or securities will be considered a reorganization of the Company. The right
of first refusal set forth in this Section will terminate on the date upon which the Company (or a
successor to the Company) first becomes publicly held. For purposes of the preceding sentence, the
Company (or a successor to the Company) will be considered “publicly held” if the securities that
are of the same class as the Stock (or the securities for which the Stock are exchanged as
described in this Section or pursuant to the Plan) will be registered under Section 12 of the 1934
Act.

               (c) The Company shall not be required to (i) transfer on its books any Restricted Shares that
have been sold or transferred in contravention of this Agreement or (ii) treat as the owner of
Restricted Shares, or otherwise to accord voting, dividend or liquidation rights to, any transferee
to whom Restricted Shares have been transferred in contravention of this Agreement.

          4.4 Lock-Up Period. Grantee hereby agrees that, if so requested by the Company or any
representative of the underwriters (the “Managing Underwriter”) in connection with any registration
of the offering of any securities of the Company under the Act, Grantee will not sell or otherwise
transfer any Restricted Shares or other securities of the Company during the 180-day period (or
such other period as may be requested in writing by the Managing Underwriter and agreed to in
writing by the Company) (the “Market Standoff Period”) following the effective date of a
registration statement of the Company filed under the Act. Such restriction will apply only to the
first registration statement of the Company to become effective under the Act that includes
securities to be sold on behalf of the Company to the public in an underwritten public offering
under the Act. The Company may impose stop-transfer instructions with respect to securities
subject to the foregoing restrictions until the end of such Market Standoff Period.

          4.5 Legends. The Company may at any time place legends referencing any restrictions
imposed on the shares pursuant to Section 4, and any applicable federal, state or foreign
securities law restrictions on all certificates representing shares of Stock subject to the
provisions of this Agreement. The Grantee must, at the request of the Company, promptly present to
the Company any and all certificates representing Restricted Shares in the possession

8

 

of the Grantee in order to carry out the provisions of this Section. Unless otherwise
specified by the Company, legends placed on such certificates may include, but are not limited to,
the following:

“THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, TRANSFERRED,
ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT
UNDER SUCH ACT COVERING SUCH SECURITIES, THE SALE IS MADE IN ACCORDANCE WITH
RULE 144 OR RULE 701 UNDER THE ACT, OR THE COMPANY RECEIVES AN OPINION OF
COUNSEL FOR THE HOLDER OF THESE SECURITIES REASONABLY SATISFACTORY TO THE
COMPANY, STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION IS
EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SUCH
ACT.”

“THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO FORFEITURE IN
FAVOR OF THE CORPORATION OR ITS ASSIGNEE SET FORTH IN AN AGREEMENT BETWEEN
THE CORPORATION AND THE REGISTERED HOLDER, OR SUCH HOLDER’S PREDECESSOR IN
INTEREST, A COPY OF WHICH IS ON FILE AT THE PRINCIPAL OFFICE OF THIS
CORPORATION.”

     5. MISCELLANEOUS

          5.1 Service Relationship. For purposes of this Agreement, Grantee will be considered
to be in Service as long as Grantee remains an Employee, Consultant, or Director of either the
Company or a parent or subsidiary corporation (as defined in section 424 of the Code) of the
Company or an employee, consultant, or director of a corporation or a parent or subsidiary of such
corporation assuming or substituting new restricted shares for the Restricted Shares. Any question
as to whether and when there has been a termination of such Service, and the cause of such
termination, will be determined by the Committee, and its determination will be final.

          5.2 Notices. For purposes of this Agreement, notices and all other communications
provided for in this Agreement will be in writing and will be deemed to have been duly given when
personally delivered or (a) if Grantee is outside of the United States at the time of transmission
of such notice, when sent by courier, facsimile, or electronic mail, and (b) if Grantee is within
the United States at the time of transmission of such notice, when mailed by United States
registered or certified mail, return receipt requested, postage prepaid, addressed to the Company
and Grantee to the addresses set forth in the Notice of Grant or to such other address as either
party may furnish to the other in writing in accordance with this Agreement, except that notices or
changes of address will be effective only upon receipt.

          5.3 Withholding of Tax. To the extent that (a) the receipt of the Restricted Shares,
(b) the lapsing of Forfeiture Restrictions or any other restriction, or (c) the operation of

9

 

any law or regulation providing for the imputation of interest results in compensation income
or wages to Grantee for federal or state income tax purposes (a “Taxable Event”), Grantee will
deliver to the Company at the time of such Taxable Event such amount of money or shares of Stock as
the Company may require to meet all obligations under applicable tax laws or regulations, and, if
Grantee fails to do so, the Company is authorized to withhold or cause to be withheld from any cash
or Stock remuneration then or thereafter payable to Grantee any tax required to be withheld by
reason of compensation income or wages resulting from such Taxable Event.

          5.4 Restrictions on Transfer of Shares. No Restricted Shares may be sold, exchanged,
transferred (including, without limitation, any transfer to a nominee or agent of Grantee),
assigned, pledged, hypothecated, or otherwise disposed of, including by operation of law, in any
manner that violates the Forfeiture Restrictions and any other provisions of this Agreement, and,
until the date on which such Forfeiture Restrictions lapse, any such attempted disposition will be
void. The Company will not be required (a) to transfer on its books any shares that will have been
transferred in violation of this Agreement or (b) to treat as owner of such shares, to accord the
right to vote as such owner, or to pay dividends to any transferee to whom such shares will have
been so transferred. Notwithstanding the foregoing and the provisions of Section 4.3
above, once the Forfeiture Restrictions lapse, with advance written consent of the Company, Vested
Shares may be transferred to Permitted Transferees (as defined below) of the Grantee. The terms of
the Restricted Shares shall be final, binding and conclusive upon the beneficiaries, executors,
administrators, heirs and successors of the Grantee. A “Permitted Transferee” means (a) the spouse
of the Grantee, (b) a trust, or family partnership, the sole beneficiary of which is the Grantee,
the spouse of or, any person related by blood or adoption to, the Grantee; provided, that
any such transfers to a Permitted Transferee do not conflict with or constitute a violation of
state or federal securities laws, the Permitted Transferee grants to the Grantee an irrevocable
proxy coupled with an interest to vote all of the Stock so transferred and the Permitted Transferee
agrees in writing to be bound by the terms of this Agreement.

          5.5 Binding Effect. This Agreement will be binding upon and inure to the benefit of
any successors to the Company and all persons lawfully claiming under Grantee.

          5.6 Governing Law. This Agreement will be governed by, and construed in accordance
with, the laws of the state of Delaware.

10

 

APPENDIX C

83(b) ELECTION FORM

(See Attached)

 

 

SECTION 83(b) ELECTION

     This statement is made under Sections 55 and 83(b) of the Internal Revenue Code of 1986, as
amended, pursuant to Treasury Regulations Section 1.83-2.

     The taxpayer who performed the services is:

	 	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	Address:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	Social Security No.:	 	 	 	 
	 

	 	 	 	 

	 	 

     1. The property with respect to which the election is made is                      shares of the common
stock of Hunter Acquisition Corp.

     2. The property was transferred on                      ___,      .

     3. The taxable year for which the election is made is the calendar year      .

     4. The property is subject to a repurchase right pursuant to which the issuer has the right to
acquire the property at the original purchase price if for any reason taxpayer’s service with the
issuer terminates. The issuer’s repurchase right lapses in a series of installments over a
                    -year period ending on                      ___,      .

     5. The fair market value of such property at the time of transfer (determined without regard
to any restriction other than a restriction which by its terms will never lapse) is $      per
share.

     6. The amount paid for such property is $      per share.

     7. A copy of this statement was furnished to Hunter Acquisition Corp., for whom taxpayer
rendered the services underlying the transfer of such property.

     8. This statement is executed on                      ___,      .

	 	 	 
	 

	 	 
	Signature of Spouse (if any)

	 	Signature of Taxpayer

     Within 30 days after the date of grant, this election must be filed with the Internal Revenue
Service Center where the Grantee files his or her federal income tax returns. The filing should be
made by registered or certified mail, return receipt requested. The Grantee must (a) file a copy
of the completed form with his or her federal tax return for the current tax year and (b) deliver
an additional copy to the Company.

 

 

HUNTER ACQUISITION CORP.

NOTICE OF GRANT OF RESTRICTED STOCK

     Pursuant to the terms and conditions of the Hunter Acquisition Corp. 2005 Stock Incentive
Plan, attached as Appendix A (the “Plan”), and the associated Restricted Stock Agreement,
attached as Appendix B (the “Agreement”), you are hereby issued shares of Stock (as defined
in the Agreement) subject to certain restrictions thereon and under the conditions set forth below,
in the Agreement, and in the Plan (the “Restricted Shares”).

	 	 	 	 	 
	Grantee:
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	Date of Grant:
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	Number of Shares:
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	Purchase Price:

	 	$                     per share.	 	 
	 
	 	 	 	 
	Vesting Schedule:	 	As long as Grantee’s Service (as defined in the
Agreement) is continuous, the Forfeiture Restrictions
(as defined in the Agreement) on the Restricted Shares
will lapse (a) as to 20% of the Restricted Shares on the
first anniversary of the Date of Grant and (b) as to an
additional 1/60 of the Restricted Shares upon the
completion of each full month following the first
anniversary of the Date of Grant until the Forfeiture
Restrictions have lapsed as to 100% of the Restricted
Shares.

     By your signature and the signature of the Company’s representative below, you and the Company
hereby acknowledge receipt of the Restricted Shares issued on the Grant Date indicated above, which
have been issued under the terms and conditions of the Plan and the Agreement. You further
acknowledge receipt of a copy of the Plan and the Agreement and agree to all of the terms and
conditions of the Plan and the Agreement, which are incorporated herein by reference.

	 	 	 	 	 	 	 
	COMPANY:	 	GRANTEE:
	 
	 	 	 	 	 	 
	HUNTER ACQUISITION CORP.	 	[NAME]
	 
	 	 	 	 	 	 
	By:

	 	 	 	By:	 	 
	 

	 	 
	 	 	 	 
	Name:

	 	 	 	Name:	 	 
	 

	 	 
	 	 	 	 
	Title:

	 	 	 	Title:	 	 
	 

	 	 
	 	 	 	 

	 	 	 
	Attachments:

	 	Appendix A – Hunter Acquisition Corp. 2005 Stock Incentive Plan
	 

	 	Appendix B – Restricted Stock Agreement
	 

	 	Appendix C – 83(b) Election Form

 

 

APPENDIX A

HUNTER ACQUISITION CORP. 2005 STOCK INCENTIVE PLAN

(See Attached)

 

 

APPENDIX B

RESTRICTED STOCK AGREEMENT

(See Attached)

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