Document:

Form of Mulit-Year Incentive Award Agreement

 Exhibit 10.19 
 Unitrin, Inc. 2009 Performance Incentive Plan 
 MULTI-YEAR INCENTIVE
AWARD AGREEMENT 
 This MULTI-YEAR INCENTIVE AWARD AGREEMENT (“Agreement”) is made as of this
     day of                     , 2       (“Grant Date”) between
[EMPLOYER NAME] (the “Company”), and «Name» (the “Participant”). 
 SIGNATURES

 As of the date set forth above, the parties have executed this Agreement, including Exhibit A: 

 

							
	COMPANY	  		  	PARTICIPANT
				
	By:	  	  
	  		  	  

		  	«Authorized Officer»	  		  	            «Name»

 By his or her signature below, the spouse of the Participant agrees to be bound by all of the terms and conditions of this Agreement. 

 

							
		  		  	  

				
		  		  		  	  

		  		  		  	Print Name

 RECITALS

 A. The Compensation Committee of the Board of Directors of Unitrin, Inc. (the “Committee”) has adopted the
2009 Performance Incentive Plan, including any and all amendments to date (the “Plan”). 
 B. The Plan provides for
the granting of annual and multi-year incentive awards to selected employees of Unitrin, Inc. or any of its affiliates. 

  
 1 

 NOW, THEREFORE, the parties hereto agree as follows: 

1. Grant. The Company grants to the Participant a multi-year incentive award on the terms and conditions hereinafter set
forth (the “Award”), subject to the provisions set forth on Exhibit A. 
 2. Vesting and Forfeiture.

 (a) Performance Period. The Performance Period (the “Performance Period”) for this Award
shall be the period set forth on Exhibit A. Subject to the forfeiture and early vesting provisions referenced in Section 2(b) below, the Award will vest on the last day of the Performance Period only to the extent set forth and in accordance
with the terms of Exhibit A with regard to the performance condition(s) referenced therein. 
 (b) Forfeiture
or Early Vesting upon Retirement, Death, Disability or Other Events. During the Performance Period, the Award may be subject to forfeiture or early vesting upon the termination of the Participant’s employment due to retirement, death,
disability or other events in accordance with the provisions of Articles 6 or 11 of the Plan, which are incorporated in and made a part of this Agreement. 
 3. Withholding of Taxes. The Company shall withhold from any payouts under the Award the amounts the Company is required to withhold to satisfy any applicable tax withholding requirements
based on minimum statutory withholding rates for federal and state tax purposes, including any payroll taxes. 
 4. No
Assignment or Other Transfer. Neither this Agreement, the Award or any rights and privileges granted hereby may be transferred, assigned, pledged or hypothecated in any way, whether by operation of the law or otherwise, except by will or the
laws of descent and distribution. Without limiting the generality of the preceding sentence, no rights or privileges granted hereby may be assigned or otherwise transferred to the spouse or former spouse of the Participant pursuant to any divorce
proceedings, settlement or judgment. Any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this Agreement, the Award or any other rights or privileges granted hereby contrary to the provisions hereof shall be null and void and
of no force or effect. 
 5. Participation by Participant in Other Company Plans. Nothing herein contained shall
affect the right of the Participant to participate in and receive benefits under and in accordance with the then current provisions of any retirement plan or employee welfare benefit plan or program of the Company or of any subsidiary or affiliate
of the Company, subject in each case, to the terms and conditions of any such plan or program. 

  
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 6. Not an Employment or Service Contract. Nothing herein contained shall be
construed as an agreement by the Company or any of its subsidiaries or affiliates, expressed or implied, to employ the Participant, to restrict the right of the Company or any of its subsidiaries or affiliates to discharge the Participant or to
modify, extend or otherwise affect in any manner whatsoever, the terms of any employment agreement which may exist between the Participant and the Company or any of its subsidiaries or affiliates. 

7. Agreement Subject to Award Plan. The Award hereby granted is subject to, and the Company and the Participant agree to be
bound by, all of the terms and conditions of the Plan, as the same may be amended from time to time hereafter in accordance with the terms thereof, but no such amendment shall adversely affect the Participant’s rights under this Agreement
without the prior written consent of the Participant. To the extent that the terms or conditions of this Agreement conflict with the terms or conditions of the Plan, the Plan shall govern. 

8. Arbitration. All disputes related to this Agreement or any Award granted hereunder, shall be submitted to binding
arbitration with the American Arbitration Association (“AAA”) pursuant to the AAA Employment Arbitration Rules and Mediation Procedures (“AAA Rules”). A copy of the AAA Rules is available to the Participant upon written request
to the Director of Human Resources, Unitrin Services Company, at One East Wacker Drive, Chicago, Illinois 60601 (or such other address as the Company may specify from time to time), or may be obtained online at: www.adr.org. 

To initiate arbitration, either party must file a Demand for Arbitration (“Demand”) in the manner described in the AAA Rules.
After a demand has been filed and served, either party may request that the dispute initially be mediated pursuant to the AAA Rules. If mediation does not fully resolve the dispute, then the matter will be subject to arbitration before a single
arbitrator who shall have the power to award any types of legal or equitable relief available in a court of competent jurisdiction, including, but not limited to, attorneys’ fees and costs, to the extent such relief is available under
applicable law, and all defenses that would be applicable in a court of competent jurisdiction shall be available. All administrative costs of arbitration (including reimbursement of filing fees) and the fees of the arbitrator will be paid by the
Company. 
 9. Execution. This Agreement has been executed and delivered as of the day and year first above
written at Chicago, Illinois, and the interpretation, performance and enforcement of this Agreement shall be governed by the laws of the state of Illinois without application of its conflicts of laws principles. 

10. Miscellaneous. This Agreement, together with the Plan, is the entire agreement of the parties with respect to the Award
granted hereby and may not be amended except in a writing signed by both the Company and the Participant. 
 <ADD THE NEXT SECTION FOR ALL
GRANTS TO ALL EXECUTIVE OFFICERS OF THE COMPANY, EFFECTIVE 2/1/11:> 
 11. Clawbacks. Notwithstanding the vesting
terms or any other provision set forth in this Agreement, the rights, payments, and benefits with respect to this Award are subject to reduction, cancellation, forfeiture, or recoupment by the Company if and to the extent required by applicable law,
regulation of the Securities and Exchange Commission, or rule or listing requirement of the New York Stock Exchange (collectively “Applicable Requirements”) in connection with an accounting restatement or under such other circumstances as
specified in the Applicable Requirements. Any action taken by the Company under this provision shall be made pursuant to the Committee’s determination, which shall be final, binding and conclusive. 

  
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 Exhibit A 

To Multi-Year Incentive Award Agreement 
 Overview: This Exhibit A sets forth the terms that will determine the amount of the cash payout, if any, that the Participant may be entitled to receive pursuant to the Award based on the
achievement of the applicable performance goals measured over the Performance Period. 
 Performance Period: January 1, 2011 through
December 31, 2013 
 Target Bonus Percentage: The applicable Target Bonus Percentage for the Award is set forth in Table 1 below,
under the heading “Target”. The Target Bonus Percentage is expressed as a percentage of the Participant’s Base Salary, as defined herein. 
 Threshold, Target and Maximum performance levels: The applicable Threshold, Target and Maximum levels of performance for the Award are set forth below. 

Table 1. Performance Levels 
  

							
	 Type of Award
	 	 Threshold
	 	 Target
	 	 Maximum

	 Multi-Year Awards
	 		 		 	

 Base Salary: Base Salary shall be calculated by computing a simple average of the Participant’s annual
base salary in effect as of April 1 during each year of the Performance Period. 
 Performance Measures: The performance measures
applicable to this Award are Revenue Growth and Return on Equity, as defined herein. The performance goals for each applicable measure are shown in the Performance Matrix in Exhibit A-1, which shows Return on Equity on the X axis and Revenue Growth
on the Y axis. 
 Revenue Growth: Revenue Growth is defined as the three-year compound annual growth rate, calculated as [(A/B)^(1/3)-1],
where A = Total Revenues excluding Net Realized Investment Gains or Losses as reported in the 2012 Unitrin Annual Report on Form 10-K (“Annual Report”) and B = Total Revenues excluding Net Realized Investment Gains or Losses as reported in
the 2009 Annual Report. 
 Return on Equity: Return on Equity is defined as the return on average shareholders’ equity, which shall
be computed by dividing the sum of GAAP Net Income as reported in the Annual Reports for each of the three years in the Performance Period by the sum of the Average Shareholders’ Equity for each of the three years. Average Shareholders’
Equity is defined as the simple average of Total Shareholders’ Equity as reported in the Annual Reports for the beginning and end of year for each year in the Performance Period. 
 Target Multiplier: At the end of the Performance Period, the Participant will be assigned a Target Multiplier, which is derived from the Performance Matrix in Exhibit A-1 based on achievement of
the performance goals. For performance between points on the Performance Matrix, the Target Multiplier will be interpolated on a straight-line basis. 
 Award Percentage: The Target Multiplier will be applied against Participant’s Target Bonus Percentage to determine the Award Percentage for the Participant. 

  
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 Award Calculation: The determination of the amount of the payout, if any, under the Award will be
calculated by multiplying the Participant’s Award Percentage by the Participant’s Base Salary. The calculation formulas are illustrated below. 
 Target Multiplier * Participant’s applicable Target Bonus Percentage = Award Percentage 
 Award Percentage * Base Salary = Final Cash Award payable under the Plan 
 Illustrative
Example: Below is an illustrative example of a calculation for a potential payout under the Award for a sample participant with a Base Salary of $100,000. 
 Table 2. Illustrative Example: 
  

																			
	Example of
Individual
Target Bonus
Percentage from
Table 1	 	 	Example of Target
Multiplier
interpolated from
Performance
Matrix	 	 	Example of
Total Award
Percentage
(AxB)	 	 	Example of
Base Salary	 	 	Example of
Estimated final 
Cash
Award payable under
the Plan (CxD)	 
	A	 	 	B	 	 	C	 	 	D	 	 	E	 
	 	50.0	% 	 	 	120	% 	 	 	60	% 	 	 	100,000	  	 	 	60,000	  

 Adjustments: The Compensation
Committee of the Unitrin, Inc. Board of Directors may, in its discretion: 
  

	(i)	in evaluating performance in connection with this Award, include or exclude any of the following events that occur during a Performance Period: (a) asset
write-downs; (b) litigation or claim judgments or settlements; (c) the effect of changes in tax laws, accounting principles, or other laws or provisions affecting reported results; (d) any reorganization or restructuring;
(e) extraordinary nonrecurring items as described in FASB Accounting Standards CodificationTM 225-20 – Extraordinary and Unusual Items (or a successor pronouncement) and/or in the Company’s periodic reports filed with the
Securities and Exchange Commission for periods within the applicable Performance Period; and (f) acquisitions or divestitures; and 

  

	(ii)	make adjustments to the established performance goals applicable to this Award to reflect changes to the job responsibilities of the Participant or the structure of the
Company or its Affiliates that relate directly to such established performance goals for all or a portion of the applicable Performance Period; provided, however, that no such adjustment shall be made to an Award to an employee whose compensation is
subject to Section 162(m) of the Internal Revenue Code of 1986, as amended, if such adjustment would cause the compensation payable under the Award to fail to qualify as performance-based compensation under Section 162(m).

  
 5THT Heat Transfer Technology, Inc.: Exhibit 10.1 - Filed by newsfilecorp.com

OPTION AGREEMENT 

OPTION AGREEMENT (this “Agreement”), dated as of
June 30, 2009, by and between Wisetop International Holdings Limited, a company
incorporated under the laws of the British Virgin Islands (the
“Grantor”) and ____________, an individual citizen of the People’s
Republic of China (the “Optionee”) (each of the foregoing, a
“Party” and together, the “Parties”).

BACKGROUND 

The Grantor owns 92.5% of the issued and outstanding capital
stock (the “Interest’’) of BTHC VIII, Inc., a Delaware
corporation, (the “Company”). The Grantor desires to grant to the
Optionee an option to acquire a part of the Interest. 

AGREEMENT 

NOW, THEREFORE, in consideration of the premises, mutual
covenants herein set forth and other good and valuable consideration, subject to
the terms and conditions herein, the Optionee hereby agrees as follows: 

1. 

 Grant of Option. Subject to the terms and conditions
herein, the Grantor hereby grants to the Optionee an option (the
“Option”) to purchase a certain amount of shares of common stock
of the Company (the “Option Shares”) at an exercise price (the
“Exercise Price”) as listed under the Optionee’s name on the
signature page hereto.

2. 

 Term of the Option. The Optionee may exercise the
Option at any time during the period commencing on the 90th day
following of the date hereof and ending on the second anniversary of the date
hereof (the “Term”) in accordance with the exercise procedure
specified in Section 4 hereof.

3. 

 Rights of Optionee. The Optionee shall not have any
rights to dividends or distributions or any other rights of an equity holder
with respect to the Option Shares until the Option Shares shall have been issued
to the Optionee upon purchase of the Option Shares upon exercise of the
Option.

4. 

 Exercise Procedure. The Optionee may exercise the
Option, at any time during the Term, by delivering to the Grantor a written
notice of such exercise substantially in the form attached hereto as Exhibit A
(the “Exercise Notice”), duly signed by the Optionee. The delivery
of the Exercise Notice in accordance herewith will constitute a binding
obligation (a) on the part of the Optionee to purchase and (b) on the part of
the Grantor to sell, the Option Shares subject to such Exercise Notice in
accordance with the terms of this Agreement. 

5. 

 Notices. Each notice relating to this Agreement shall
be in writing and delivered in person or by facsimile or certified mail to the
addresses of the respective parties hereto as specified on the signature page
hereto, or to such other address as either party hereto may hereinafter duly
give to the other. 

6. 

 Assignment; Designation of Interest Recipient;
Binding. The Optionee may assign this Option to any third party subject to
compliance with applicable laws. In addition, the Optionee may designate a third
party to receive all or any part of the Option Shares instead of the Optionee
upon the exercise of this Option by the Optionee. This Agreement shall be
binding upon and inure to the benefit of the parties hereto, and their
successors, and permitted assigns. 

7. 

 Entire Agreement. This Agreement constitutes the
entire agreement between the Parties hereto with respect to the matters herein,
and cannot be amended, modified or terminated except by an agreement in writing
executed by the parties hereto. 

8. 

 Governing Law. This Agreement shall be construed in
accordance with and governed by the laws of the State of New York without regard
to the conflicts of law principles thereof. 

9. 

 Further Assurances. Each of the Parties to this
Agreement will use his or its best efforts to take all action and to do all
things necessary, proper, or advisable in order to consummate and make effective
the transactions contemplated by this Agreement (including the execution and
delivery of such other documents and agreements as may be necessary to
effectuation the transfer of the Interest upon exercise of the option). 

[Signature Page Follows] 

2 

IN WITNESS WHEREOF, the parties hereto have executed this
Agreement as of the date first set forth above. 

	GRANTOR: 	 	OPTIONEE: 
	  	 	  
	Wisetop International Holdings Limited 	 	  
	  	 	  
	By:                                                                            
      	 	(Printed Name of Optionee) 
	Name: Dan Li 	 	  
	Title: Director 	 	 
    
	  	 	(Signature of Optionee) 
	Address: 	 	  
	  	 	  
	THT Industrial Park 	 	Address: 
	No.5 Nanhuan Road, Tiexi District 	 	  
	Siping, Jilin Province, China 136000 	 	 
    
	Attention: Guohong Zhao 	 	  
	  	 	Number of Option Shares 
	  	 	  
	  	 	  
	  	 	  
	  	 	Exercise Price 
	  	 	  
	  	 	$0.712
    

3 

EXHIBIT A 
FORM OF EXERCISE NOTICE 

[Date] 

THT Industrial Park 
No.5 Nanhuan Road, Tiexi District

Siping, Jilin Province, China 136000 
Attention: Guohong Zhao 

	 	Re: 	Option Agreement dated June 30, 2009 (the
      “Option”), between Wisetop International Holdings Limited (the “Grantor”)
      and ___________ (the “Optionee”) 

Dear Sir: 

In accordance with Section 4 of the Option Agreement,
the Optionee hereby provides this notice of exercise of the Option in the manner
specified below: 

	 	(a) 	
      The Optionee hereby exercises its Option with respect to
      the Interest pursuant to the Option Agreement. 

	 	 	
       

	 	(b) 	
      The Optionee will pay the sum of $____________to the
      Grantor. 

	 	 	
       

	 	(c) 	
      Pursuant to this exercise, the Grantor will deliver to
      _______________the Option Shares in accordance with the instructions
      attached hereto. 

	 	 	
       

	 	(d) 	
      The Optionee further represents and warrants to the
      Company that neither the Optionee nor any of its respective affiliate or
      any person acting on its behalf or on behalf of any such affiliate, has
      engaged or will engage in any activity undertaken for the purpose of, or
      that reasonably could be expected to have the effect of, conditioning the
      markets in the United States for the Option Shares, including, but not
      limited to, effecting any sale or short sale of securities, prior to the
      expiration of any restricted period contained in Regulation S promulgated
      under the Securities Act of 1933, as amended (the “Securities Act”) (any
      such activity being defined herein as a “Directed Selling Effort”). To the
      best knowledge of the Optionee, the Option Agreement and the transactions
      contemplated therein are not part of a plan or scheme to evade the
      registration provisions of the Securities Act, and the Option Shares are
      being acquired for investment purposes by the Optionee. The Optionee
      agrees that all offers and sales of the Option Shares from the date hereof
      and through the expiration of any restricted period set forth in Rule 903
      of Regulation S (as the same may be amended from time to time hereafter)
      shall not be made to U.S. Persons (within the meaning of Regulation S) or
      for the account or benefit of U.S. Persons and shall otherwise be made in
      compliance with the provisions of Regulation S and any other applicable
      provisions of the Securities Act. Neither the Optionee or any of its
      representatives has conducted any Directed Selling Effort as that term is
      used and defined in Rule 902 of Regulation S and neither of them nor any
      of their respective representatives will engage in any such Directed
      Selling Effort within the United States through the expiration of any
      restricted period set forth in Rule 903 of Regulation S.

	Dated: _______________, _________	 
	 	 

2

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