Document:

Form of Restricted Stock Agreement (CPP)

 Exhibit 10.25 
 OCEANFIRST FINANCIAL CORP. 
 2006 STOCK INCENTIVE PLAN 
 STOCK AWARD AGREEMENT (CPP) 
  

					
	Name of Recipient:	  	_________________________________________
		
	Total Stock Award:	  	                                       
                      shares. The value of the shares subject to this Stock Award may not exceed one-third of the Recipient’s annual
compensation (including the value of this Stock Award) for the year in which the Stock Award is being made as determined in accordance with Section 111 of the Emergency Economic Stabilization Act of 2008, as amended by the American Recovery and
Reinvestment Act of 2009, and the interim final rule promulgated pursuant to such statutes set forth at 31 C.F.R. Part 30 and any additional rules, regulations or guidelines hereafter issued (collectively, the “CPP
Rules”).
		
	Vesting Schedule:	  	 Subject to the terms of the Plan, the shares subject to this Stock Award shall become fully vested and non-forfeitable to the extent that
the CPP Vesting Requirements, and the Additional Vesting Requirements and Performance Vesting Requirements, if any, set forth below have been satisfied:

			
		  	1.	  	 CPP Vesting Requirements

		
		  	 No shares subject to this Stock Award shall become vested until the Recipient has continued to perform substantial services for the
Holding Company or the Bank for at least two years from the Date of Grant, other than due to the Recipient’s death, disability, or a change in control event (as defined in 26 C.F.R. §1.280G–1, Q&A–27 through Q&A–29
or as defined in 26 C.F.R. §1.409A–3(i)(5)(i)) with respect to the Holding Company before the second anniversary of the Date of Grant.

			
		  	2.	  	 Additional Vesting Requirements (if any)

		
		  	Not Applicable.
		
		  	_________________________________________
			
		  	3.	  	Performance Vesting Requirements (check one)
			
		  	 ̈	  	Not Applicable.
			
		  	 ̈	  	Performance Vesting Requirements for CPP Awards attached hereto as Exhibit A and incorporated herein by reference.
		
	Date of Grant:	  	_________________________________________

			
	 Effect of termination of
 Employment because
of:
	  	
		
	(a) Death or Disability:	  	All unvested shares subject to this Stock Award shall immediately satisfy the Additional Vesting Requirements and the Performance Vesting Requirements specified above, if any, upon such
termination of employment.
		
	(b) Cause:	  	All unvested shares subject to this Stock Award shall be forfeited as of the date of termination and any rights the Recipient had to such shares become null and void.
		
	(c) Other Reasons:	  	Unless otherwise determined by the Committee, all unvested shares subject to this Stock Award shall be forfeited as of the date of termination and any rights the Recipient had to such shares
become null and void.
		
	Voting:	  	Recipient is entitled to direct the Trustee as to the voting of shares subject to this Stock Award that have been granted, but have not yet been earned and distributed.
		
	Dividends:	  	Cash dividends paid on the Shares subject to this Stock Award shall be retained by the Holding Company and paid to the Recipient when the underlying Shares become both vested and
transferable. Stock dividends and shares issued as a result of any stock-split, if any, issued with respect to the Shares subject to this Stock Award shall be treated as additional Shares subject to this Stock Award and shall be subject to the same
restrictions and other terms and conditions that apply with respect to, and shall vest or be forfeited at the same time as, the Shares subject to this Stock Award with respect to which such stock dividends or shares are issued.
		
	Non-Transferability:	  	The Recipient of this Stock Award shall not sell, transfer, assign, pledge or otherwise encumber Shares subject to this Stock Award until the Shares have both (i) vested; and (ii) for as long
as the Holding Company remains a participant in the CPP, upon the expiration in accordance with the following schedule:
		
		  	(i) 25% of the Stock subject to this Stock Award may be transferred after the Holding Company repays 25% of the aggregate financial assistance received by the Holding Company within the meaning
of the CPP Rules;

  

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		  	(ii) an additional 25% of the Stock subject to this Stock Award may be transferred after the Holding Company repays 50% of the aggregate financial assistance received by the Holding Company
within the meaning of the CPP Rules;
		
		  	(iii) an additional 25% of the Stock subject to this Stock Award may be transferred after the Holding Company repays 75% of the aggregate financial assistance received by the Holding Company
within the meaning of the CPP Rules; and
		
		  	(iv) the remainder of the Stock subject to this Stock Award may be transferred after the Holding Company repays 100% of the financial assistance received by the Holding Company within the
meaning of the CPP Rules.
		
		  	Notwithstanding the restrictions set forth in (i) – (iv) above, the Recipient may, in the case of Stock subject to this Stock Award for which Recipient does not make an election
under section 83(b) of the Internal Revenue Code (26 U.S.C. § 83(b)), at any time beginning with the date upon which the stock becomes substantially vested (as defined in 26 C.F.R. § 1.83–3(b)) and ending on December 31 of the
calendar year including that date, a portion of the Stock subject to this Stock Award may be made transferable as may reasonably be required to pay the Federal, State, local, or foreign taxes that are anticipated to apply to the income recognized
due to this vesting, and the amounts made transferable for this purpose shall not count toward the percentages set forth in (i) – (iv) above.
		
		  	The period of time between the Date of Grant and the date Shares subject to this Award Agreement become vested and transferable is referred to herein as the “Restricted Period.” All
certificates representing Shares subject to this Award Agreement shall have endorsed thereon the following legend: “The shares represented by this certificate are subject to an agreement between OceanFirst Financial Corp. and the registered
holder, a copy of which is on file at the principal office of OceanFirst Financial Corp.”

  

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		  	Unless determined otherwise by the Committee and except in the event of the Recipient’s death or pursuant to a domestic relations order (and then only to the extent permitted by the CPP
Rules), this Stock Award is not transferable and may be earned only in the Recipient’s lifetime. Upon the death of the Recipient, this Stock Award is transferable by will or the laws of descent and distribution to the extent permitted by the
CPP Rules. The terms of the OceanFirst Financial Corp. 2006 Stock Incentive Plan (the “Plan”) and this Stock Award Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the
Recipient.
		
		  	In the event the Recipient is subject to the provisions of Section 16 of the Securities Exchange Act of 1934, as amended, the Committee must give written consent to permit the shares subject to
this Stock Award Agreement to be sold or otherwise disposed of within six (6) months following the Date of Grant of this Stock Award.
		
	Distribution:	  	The certificate or certificates evidencing Shares subject to this Stock Award shall be delivered to and deposited with a trustee or with the Secretary of the Holding Company as Escrow Agent in
this transaction (either referred to herein as the “Trustee”). Such certificates are to be held by the Trustee until termination of the Restricted Period. Shares of Common Stock, plus any dividends and earnings on such shares, will be
distributed as soon as practicable upon termination of the Restricted Period.
		
	Designation of Beneficiary:	  	A Beneficiary may be designated in writing (subject to such requirements as the Committee may specify in its discretion) to receive in the event of death, any Award to which the Recipient would
be entitled pursuant to the Plan under the Stock Award Agreement.
		
	CPP Rules:	  	The terms and conditions of this Stock Award are subject to the requirements of the CPP Rules. In the event that all or any portion of this Stock Award is found to be in conflict with the
requirements of the CPP Rules, then in such event this Stock Award shall be automatically modified to reflect the requirements of the law, regulation and/or guidance, and this Stock Award shall be interpreted and administered accordingly. As a
condition of receiving this Stock Award, the Recipient acknowledges: (i) that this Stock Award remains subject to the requirements of the CPP Rules, (ii) that it is subject to modification in order to comply with the CPP Rules; and (iii) Recipient
agrees to immediately repay all amounts that may have been paid to Recipient that are later determined to be in conflict with the requirements of the CPP Rules.

  

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	Clawback Requirements:	  	Notwithstanding any provision in this Stock Award Agreement to the contrary, if it is later determined that the grant (or payment with respect thereto) of stock under this Stock Award (or
dividends or earnings on such stock) was based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria, then in such event: (i) the unvested stock granted under this Stock Award shall become
immediately forfeited; and (ii) the full amount of any and all payment(s) that have been made to Recipient under this Stock Award shall become immediately due and owing to Holding Company and Recipient agrees to repay the full amount of such
payment(s) to Holding Company in accordance with and in a manner that complies with the CPP Rules.

 The Committee hereby grants to the individual named above (“Recipient”) a Stock Award for the number of
Shares listed above, subject to the terms and conditions of the Plan and this Stock Award Agreement. In the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Stock Award Agreement, the terms and
conditions of the Plan shall prevail. 
 Neither the Plan or this grant create any right on the part of an employee to continue in the service of OceanFirst
Bank, OceanFirst Financial Corp. or any affiliates thereof. All capitalized terms herein shall have the same meaning as those contained in the Plan. 
 The
Holding Company shall not be required to transfer on its books any Shares which have been sold or transferred in violation of any of the provisions set forth in this Stock Award Agreement. The parties agree to execute such further instruments and
take such actions as may be reasonably necessary to carry out the intent of this Stock Award Agreement. 
 The Recipient agrees to make appropriate
arrangements with the Holding Company (or parent or subsidiary employing or retaining the Recipient) for satisfaction of any Federal, state, local and foreign income and employment tax withholding requirements applicable to Shares subject to this
Award Agreement. The Recipient represents that the Recipient has consulted with any tax consultants deemed advisable in connection with this Stock Award and that Recipient is not relying on the Holding Company for any tax advice. 
 The Recipient hereby acknowledges that all decisions, determinations and interpretations of the Board of Directors, or the Committee thereof, in respect of the Plan and
this Stock Award Agreement shall be final and conclusive. 
 The Plan is incorporated herein by reference. The Plan and this Stock Award Agreement constitute
the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Holding Company and 

  

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the Recipient with respect to the subject matter hereof, and may not be modified adversely to the Recipient’s interest except by means of a writing
signed by the Holding Company and the Recipient. In the event of a conflict between the terms of the Plan and this Stock Award Agreement, the terms of the Plan prevail. Unless otherwise defined herein, all capitalized terms herein shall have the
same meaning as those contained in the Plan. This Stock Award Agreement is governed by the internal substantive laws, but not the choice of law rules, of New Jersey. 
 IN WITNESS WHEREOF, OceanFirst Financial Corp. has caused this Stock Award Agreement to be executed, and said Recipient has hereunto set his hand, as of
                                        .

  

			
	OCEANFIRST FINANCIAL CORP.
		
	By:	 	  

	
	RECIPIENT
	
	  

  

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 EXHIBIT A 
 PERFORMANCE VESTING REQUIREMENTS FOR CPP STOCK AWARDS 
  

								
	 Category (Weight)
	  	 Goals
	  	Earned
Percentage	 
	 Earnings Per Share (50%)
	  	Less than Threshold	  	Less than $            /share	  	0	% 
		  	Threshold	  	$            /share	  	50	% 
		  	Target	  	$            /share	  	100	% 
		  	Superior	  	$            /share or more	  	150	% 
				
	 Efficiency Ratio (20%)
	  	Less than Threshold	  	More than             %	  	0	% 
		  	Threshold	  	            %	  	50	% 
		  	Target	  	            %	  	100	% 
		  	Superior	  	            % or less	  	150	% 
				
	 Total Shareholder Return Against Peers (20%)
	  	Less than Threshold	  	below     th of     	  	0	% 
		  	Threshold	  	    th of     	  	50	% 
		  	Target	  	    th of     	  	100	% 
		  	Superior	  	    th of     	  	150	% 

  

 A-1 

								
	 Category (Weight)
	  	 Goals
	  	Earned
Percentage	 
	 Audit Score Average (10%)
	  	Less than Threshold	  	below                 	  	0	% 
		  	Threshold	  	                	  	50	% 
		  	Target	  	                	  	100	% 
		  	Superior	  	                 or higher	  	150	% 

 Rules of Application 
 1. The measuring period is the     -month period beginning on                     , and ending on
                    . 
 2. Performance vesting
shall be based on the sum of the earned percentage for each category multiplied by the respective weight for that category. If the sum of the four categories (EPS, Efficiency Ratio, TSR, Audit) is less than 50% for the measuring period, none of the
shares subject to this Stock Award shall satisfy the Performance Vesting Requirements and all such shares shall be forfeited as of the end of the measuring period. If the sum of the four categories is 50% or more for the measuring period but less
than 100%, a percentage of the shares equal to the sum of the categories shall satisfy the Performance Vesting Requirements and the remaining shares shall be forfeited as of the end of the measuring period. If the sum of such categories is 100% or
more for the measuring period, 100% of the shares subject to this Stock Award shall satisfy the Performance Vesting Requirements. 
 3. If the actual
performance for any category is between Threshold and Target for the measuring period, or between Target and Superior, the earned percentage for that category shall be interpolated based on the earned percentages for Threshold, Target and Superior
as set forth above. 
 4. If the actual performance for any category is more than Superior for the measuring period, the earned percentage for that category
shall be limited to 150%. 
 5. The four categories of performance, Earnings Per Share (EPS), Efficiency Ratio, Total Shareholder Return Against Peers (TSR)
and Audit Score Average, shall each be determined in the same manner as such categories are determined for purposes of OceanFirst Bank’s 2009 Incentive Compensation Plan, except that no more than 100% of the shares subject to this Award can be
awarded in total. 
  

 A-2Form of Amendment No. 1 to Rights Agreement

 EXHIBIT 4.1 
 AMENDMENT NO. 1 
 TO 
 RIGHTS AGREEMENT 
 AMENDMENT NO. 1, dated as of
[                     ], 2009 (this “Amendment No. 1”), to the Rights Agreement (“Rights
Agreement”), dated as of February 28, 2006, between Tim Hortons Inc., a Delaware corporation (the “Company”), and Computershare Investor Services, LLC (the “Rights Agent”).
Capitalized terms used in this Amendment No. 1 but not otherwise defined herein shall have the meanings ascribed to such terms in the Rights Agreement. 
 WHEREAS, the Company and the Rights Agent entered into the Rights Agreement specifying the terms of the Rights (as defined therein); 
 WHEREAS, pursuant to Section 27 of the Rights Agreement, prior to the Distribution Date, the Company and the Rights Agent, shall, if directed
by the Board of Directors of the Company, supplement or amend any provision of the Rights Agreement, without the approval of any holders of Common Stock; 
 WHEREAS, the Company and the Rights Agent desire to amend the Rights Agreement in accordance with Section 27 of the Rights Agreement as set forth herein; 
 NOW, THEREFORE, in consideration of the premises and mutual agreements set forth in the Rights Agreement and this Amendment, the parties hereby
agree as follows: 
  

	 	1.	Section 7(a) of the Rights Agreement is hereby amended to read in its entirety: 

 “Section 7. Exercise of Rights; Purchase Price; Expiration Date of Rights. 
 (a) The
registered holder of any Right Certificate may exercise the Rights evidenced thereby (except as otherwise provided herein), in whole or in part, at any time after the Distribution Date, upon surrender of the Right Certificate, with the form of
election to purchase on the reverse side thereof duly executed, to the Rights Agent at the principal office of the Rights Agent, together with payment of the Purchase Price for each one ten-thousandth of a Preferred Share as to which the Rights are
exercised, at or prior to the earliest of (i) 11:58 p.m. Eastern time on [                    ], 2009 (the “Final Expiration
Date”), (ii) the time at which the Rights are redeemed as provided in Section 23 hereof (the “Redemption Date”), or (iii) the time at which such Rights are exchanged as provided in
Section 24 hereof.” 
  

	 	2.	The Exhibits to the Rights Agreement shall be deemed restated to reflect this Amendment No. 1, mutatis mutandis. 

  

	 	3.	The term “Agreement” as used in the Rights Agreement shall be deemed to refer to the Rights Agreement as amended hereby. 

	 	4.	This Amendment shall be effective upon execution by the parties hereto and, except as set forth herein, the Rights Agreement shall remain in full force and effect and shall be
otherwise unaffected hereby. Notwithstanding anything to the contrary herein, each of the Company and the Rights Agent hereby acknowledges and agrees that at 11:58 P.M., Eastern time on the Final Expiration Date (as amended hereby), the Rights
Agreement shall terminate and be of no further force and effect. 

  

	 	5.	This Amendment shall be deemed to be a contract under the laws of the State of Delaware and for all purposes shall be governed by and construed in accordance with the laws of such
state applicable to contracts to be made and performed entirely within such state. 

  

	 	6.	This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

 [The Remainder of the Page Intentionally Left Blank] 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the day and year first above
written. 
  

									
	Attest:	 		 	TIM HORTONS INC.
					
	By:	 	 	 		 	By:	 	 
		 	 Name:
 Title:
	 		 		 	 Name:
 Title:

			
	Attest:	 		 	COMPUTERSHARE INVESTOR SERVICES, LLC
					
	By:	 	 	 		 	By:	 	 
		 	 Name:
 Title:
	 		 		 	 Name:
 Title:

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