Document:

exv10w2

Exhibit 10.2

[Name of Director]

RESTRICTED STOCK UNIT AGREEMENT

THIS RESTRICTED STOCK UNIT AGREEMENT (this “Agreement”) is made as of this 1st day of March,
2011, between AMERICAN NATIONAL INSURANCE COMPANY, a Texas insurance company (the “Company”), and
[Name of Director] (the “Recipient”).

1. Award. Pursuant to the AMERICAN NATIONAL INSURANCE COMPANY 1999 STOCK AND
INCENTIVE PLAN (as amended, the “Plan”), as of the date of this Agreement and upon execution of
this Agreement, [number] (#) restricted stock units (“Restricted Stock Units”) shall be issued to
the Recipient as hereinafter provided subject to certain restrictions thereon. The Recipient
hereby: (i) accepts the Restricted Stock Units, subject to the terms and conditions of this
Agreement; and (ii) acknowledges receipt of a copy of the Plan and agrees that this award of
Restricted Stock Units shall be subject to all of the terms and provisions of the Plan, including
future amendments thereto, if any, pursuant to the terms thereof.

2. Vesting and Settlement.

(a) Vesting by Required Service. Provided that the Recipient serves continuously as a
director or advisory director of the Company until such date, the Restricted Stock Units shall
become vested (then, “Vested RSUs”) in accordance with following schedule (“Required Service”):

	 	 	 
	Date of Lapse	 	Number of Restricted Stock Units
	March 1, 2012

	 	[#]

	

March 1, 2013

	 	
[#]

	March 1, 2014

	 	
[#]

(b) Vesting by Retirement, Death or Disability. Notwithstanding anything to the
contrary in Section 2(a), if Recipient has served continuously as a director or advisory director
of the Company until such date, any Restricted Stock Units which had not previously vested shall
become vested on the first to occur of Retirement, Death or Disability, each as defined below:

	 	(iv)	 	“Retirement” shall occur on the effective date
of the Recipient’s retirement as a director or advisory director of the
Company at or after attaining the age of 65.
	 
	 	(v)	 	“Death” shall be the date of the Recipient’s
death.
	 
	 	(vi)	 	“Disability” shall be the date the Company
determines, in good faith, that, by reason of a physical or mental
condition which has existed for thirty days or more, the Recipient is
no longer able to perform the material duties of a director or an
advisory director of the Company.

 

 

 

(c) Settlement of Vested RSUs. Any Restricted Stock Units that become Vested RSUs
shall be settled as soon as administratively practicable after the date such Restricted Stock Units
become Vested RSUs. Subject to the provisions of Section 2(d) below, Restricted Stock Units shall
be settled by the Company by delivering a number of shares (“Shares”) of the Company’s common
stock, par value $1.00 per share, to the Recipient equal to the number of Vested RSUs. The Company
may issue the Shares either in certificated or uncertificated form registered in the name of the
Recipient. Delivery of the Shares may be made to the Recipient in person at the Company’s home
office or to the Recipient’s last address reflected in the records of the Company. Neither the
Recipient nor any of the Recipient’s successors, heirs, assigns or personal representatives shall
have any further rights or interests in the Vested RSUs which are settled or used for withholding
taxes in accordance with Section 2(d) hereof. Notwithstanding anything herein to the contrary, the
Company has no obligation to deliver any Shares if counsel to the Company determines that such
delivery would violate any applicable law or any rule or regulation of any governmental authority
or any rule or regulation of, or agreement of the Company with, any securities exchange or
association upon which the Company’s common stock is listed or quoted. The Company shall in no
event be obligated to take any affirmative action to comply with any such law, rule, regulation or
agreement in order to cause the delivery of Shares.

(d) Withholding Taxes. The Company shall withhold all federal, state, local and other
taxes applicable to the vesting and settlement of Vested RSUs at the time of such settlement.
Unless the Recipient provides “No Withholding Notice,” as defined herein, the Company shall obtain
the cash necessary for such withholding by reducing the number of Vested RSUs settled and
converting to cash those Vested RSUs which remain unsettled. As used in this Section 2(d), the term
“No Withholding Notice” shall mean notice by the Recipient to the Company at least thirty (30) days
prior to the vesting of the Restricted Stock Units, such notice to provide an explanation
satisfactory to the Company, in its sole discretion, as to how the tax and withholding obligations
associated with the vested RSUs have been addressed. A No Withholding Notice may be provided for
vesting only by Required Service or by Retirement. If the vesting is by reason of Death or
Disability, the Company shall withhold applicable taxes as provided above. Those Vested RSUs
converted to cash to satisfy withholding tax obligations as described in this Section 2(d) will be
converted at the following price: (i) the closing price of the Shares on the date on which the
Restricted Stock Units vest, if the Shares are traded on a national exchange on such date; or (ii)
otherwise, the Fair Market Value, as defined in the Plan, on the date on which the Restricted Stock
Units vest. If the Company’s calculation of the number of Vested RSUs necessary to satisfy the tax
withholding obligations results in a fractional number of Vested RSUs, the number of Shares to be
issued shall be rounded down to the nearest whole number and the number of Vested RSUs to be used
to provide cash for the withholding taxes shall be rounded up to the nearest whole number.

3.
Restrictions on and Limitations of Restricted Stock
Units.

(a) Restrictions on Transfer. The Restricted Stock Units, whether or not vested, may
not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or
disposed of.

(b) Forfeiture of Restricted Stock Units. In the event the Recipient’s service as a
director or an advisory director of the Company terminates for any reason, other than Retirement,
Death or Disability, the Recipient shall, for no consideration, forfeit all Restricted Stock Units
which were not vested on such date.

 

2

 

(b) Rights Associated With Units. Unless and until settled pursuant to subparagraph
(d) immediately below, the Restricted Stock Units do not confer any dividend rights, voting rights
or any other rights as a shareholder of the Company. The Restricted Stock Units shall be evidenced
only by the books of the Company, and no certificate shall be issued in respect thereof.

(d) Corporate Acts. The existence of the Restricted Stock Units shall not affect in
any way the right or power of the Company to make or authorize any adjustment, recapitalization,
reorganization or other change in the Company’s capital structure or its business, any merger or
consolidation of the Company, any issue of debt or equity securities, the dissolution or
liquidation of the Company or any sale, lease, exchange or other disposition of all or any part of
its assets or business or any other corporate act or proceeding. The prohibitions of Section 3(a)
hereof shall not apply to the transfer of Restricted Stock Units pursuant to a plan of
reorganization of the Company, but the stock, securities or other property received in exchange
therefor shall also become subject to the restrictions and provisions applicable to the original
Restricted Stock Units for all purposes of this Agreement.

4. Securities Regulation. The Shares may not be sold or otherwise disposed of in any
manner that would constitute a violation of any applicable federal or state securities laws.

5. Service Relationship. For purposes of this Agreement, the Recipient shall be
considered to be a director or an advisory director of the Company as long as the Recipient remains
a director or an advisory director of the Company or any successor corporation. Any question as to
whether and when there has been a termination of such service, and the cause of such termination,
shall be determined by the Company, and its determination shall be final.

6. Notices. Any notices or other communications provided for in this Agreement shall
be sufficient if in writing. In the case of the Recipient, such notices or communications shall be
effectively delivered if hand delivered to the Recipient at his principal place of employment or if
sent by registered or certified mail to the Recipient at the last address he has filed with the
Company. In the case of the Company, such notices or communications shall be effectively delivered
if sent by registered or certified mail to the Company at its principal executive offices.

7. Construction and Administration. The Board of Directors of the Company has the
power to construe the Plan and this Agreement and to prescribe such rules and regulations relating
thereto as it may deem advisable. The Board of Directors of the Company also has the authority, in
the exercise of its sole and exclusive discretion, to correct any defect or supply any omission or
reconcile any inconsistency in this Agreement or in the Plan in the manner and to the extent it
shall deem appropriate. The determinations and actions of the Board of Directors shall be
conclusive.

 

3

 

8. Plan Summary & Prospectus. The Recipient acknowledges receipt of a Plan Summary &
Prospectus. The Recipient agrees that the Company shall have the right, from time to time, to
revise and amend the Plan Summary & Prospectus in the Company’s sole and absolute discretion.

9. Binding Effect. This Agreement shall be binding upon and inure to the benefit of
any successors to the Company and all persons lawfully claiming under the Recipient.

10. Controlling Law. This Agreement shall be governed by, and construed in accordance
with, the laws of the State of Texas.

IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by an officer
thereunto duly authorized, and the Recipient has executed this Agreement, all as of the date first
above written.

	 	 	 	 	 	 	 

	 	 	AMERICAN NATIONAL INSURANCE COMPANY	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

G. Richard Ferdinandtsen

President, Chief Operating Officer
	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 

[Name of Director], Recipient
	 	 

 

4exv10w3

EXHIBIT 10.3

SECOND AMENDMENT TO LEASE

          This SECOND AMENDMENT TO LEASE (this “Amendment”) is entered into as of January 25, 2011
between 4000 MACARTHUR, L.P., a Delaware limited partnership (“Landlord”), and MINDSPEED
TECHNOLOGIES, INC., a Delaware corporation (“Tenant”).

R E C I T A L S :

          A.      Landlord and Tenant have entered into that certain Lease dated as of March 23, 2010 (the
“Office Lease”) for certain premises located within the building commonly known as the “East Tower”
and located at 4000 MacArthur Boulevard, Newport Beach, California (the “Premises”). Landlord and
Tenant entered into that certain First Amendment to Lease dated September 10, 2010 (the “First
Amendment”). The Office Lease and First Amendment are referred to herein collectively as the
“Lease”. Initially-capitalized terms used and not otherwise defined herein shall have the meanings
ascribed to such terms in the Office Lease.

          B.      Landlord and Tenant now desire to amend the Lease to clarify the obligations of Landlord
and Tenant with respect to the payment of expenses related to Tenant’s use of electricity in the
Building.

A G R E E M E N T :

          NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows:

          1.      Amendment to Lease. Section 10.1 of the Office Lease is hereby deleted in its
entirety and the following is substituted therefor:

          “10.1 Electricity.
 Landlord has contracted for electricity service for the Premises from a
utility company that provides such service (an “Electric Service Provider”). The amount of all
electricity consumed in the Premises shall be known as the “Premises Electricity Usage”. Landlord,
at Landlord’s cost, has sub-metered the Premises to measure the Premises Electricity Usage.
Subject to the terms of this Section 10.1 below, if, during any calendar month of the Term, the
Premises Electricity Usage exceeds an amount equal to four (4) watts of electricity per hour per
usable square foot of the Premises during Ordinary Business Hours (weekday and weekend hours
included) for such calendar month (such wattage allowance to be known as the “Wattage Allowance”
and such excess amount over the Wattage Allowance for such calendar month to be known as the
“Excess Electrical Use”), then Tenant shall reimburse Landlord for the actual cost of Tenant’s
Excess Electrical Use (determined as provided in this Section 10.1 below) within thirty (30) days
following Tenant’s receipt of a detailed invoice evidencing such Excess Electrical Use and the
applicable cost related thereto. In determining Tenant’s Excess Electrical Use, if any, the
Wattage Allowance shall be used to calculate Tenant’s electrical allowance (as well as the
electrical allowance for all other tenants of the Building which, at Landlord’s option, are
separately metered for electrical usage), which shall be expressed in Kilowatts per hour (“KWH”)
for purposes of billing (the “Standard KWH Allocation”). Subject to the foregoing, the Standard
KWH Allocation for a particular calendar

 

 

month, during both the Base Year and each Comparison Year, shall be equal to four (4) watts of
electricity per Ordinary Business Hour multiplied by the 84,206 usable square feet in the Premises
(or the usable square feet in an applicable tenant’s premises, as the case may be, with respect to
other tenants in the Building), and then divided by 1,000. For example, the formula for
determining the Standard KWH Allocation applicable to Tenant during a calendar month having 220
Ordinary Business Hours would be: 220 hours x 4 watts x 84,206 usable square feet/1,000, resulting
in a Standard KWH Allocation of 74,101.28 KWH for that calendar month. The amount to be billed to
Tenant for Tenant’s Excess Electrical Use in any given calendar month where the total Premises
Electricity Usage (in KWH), as determined pursuant to the Premises sub-meter, exceeds such Standard
KWH Allocation for the Premises, shall be determined as follows: (i) the Standard KWH Allocation
for the Premises shall be subtracted from the total Premises Electricity Usage during the
applicable calendar month; and (ii) such difference shall then be multiplied by the average cost
per KWH charged to Landlord at the Building in accordance with the Electric Service Provider’s rate
structure then in effect for such calendar month, and such product shall be the amount due and
payable by Tenant to Landlord for Tenant’s Excess Electrical Use for that particular calendar
month. Tenant shall cooperate with Landlord, and the applicable Electric Service Provider, at all
times and, as reasonably necessary, shall allow Landlord and such Electric Service Provider
reasonable access to the Building’s electric lines, feeders, risers, wiring, and any other
machinery within the Premises. Notwithstanding any provision to the contrary contained in this
Lease, the cost incurred by Landlord for electricity in the Building (including for the Building
HVAC system which provides HVAC service to the Building, including, without limitation, the tenant
premises areas of the Building), the Common Areas and any tenant premises areas of the Building,
shall be included as part of Operating Expenses for the Base Year and any Comparison Year;
provided, however, that electricity costs attributable to any tenant premises areas of the Building
that are included in Operating Expenses shall in no event exceed the Standard KWH Allocation for
such tenant’s premises, calculated as provided in this Section 10.1 above.”

          2.      Waiver of Invoices. The parties acknowledge and agree that any invoices submitted
to Tenant prior to the date of this Amendment for Premises Electricity consumed by Tenant during
any period following the Commencement Date shall be null and void; provided that in accordance with
Section 10.1 of the Lease, as amended herein, Landlord shall have the right to invoice Tenant for
any Excess Electrical Use during any period following the Commencement Date.

          3.      Abatement of Rent. Pursuant to Section 2.3(b) of the Office Lease, Tenant was
entitled to certain applicable Abatement Amounts. Tenant acknowledges that Landlord has paid to
Tenant all applicable Abatement Amounts due under Section 2.3(b) of the Office Lease, and
Landlord’s obligations under Section 2.3(b) of the Office Lease have been discharged in full.

          4.      Data Room. Landlord and Tenant acknowledge that Landlord had the obligation to
deliver the Data Room to Tenant on or before June 26, 2010, failing which Tenant had certain rights
in connection with the Data Room further set forth in Sections 4.2(b) and 4.2(c) of the Office
Lease. Tenant hereby acknowledges that Landlord timely delivered the Data Room to Tenant and all
of Tenant’s rights under Sections 4.2(b) and (c) of the Lease are of no further force and effect
and Landlord has no remaining obligations regarding the Data Room as set forth in Section 4.2 of
the Office Lease.

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          5.      Landlord’s Contribution. Pursuant to Section 5.10 of the Office Lease, Landlord
was obligated to deliver Landlord’s Contribution to Tenant on or before the Contribution Date.
Tenant hereby acknowledges that Landlord has delivered Landlord’s Contribution to Tenant and
Landlord’s obligations under Section 5.10 of the Office Lease have been satisfied in full.

          6.      Exhibit A-2, Outline of Data Room. Landlord and Tenant agree that to clarify a
clerical error, Exhibit A-2, Outline of Data Room, to the Office Lease is hereby deleted in
its entirety and replaced with Exhibit A-2, Outline of Data Room, attached to this
Amendment.

          7.      Limitation on Liability. Notwithstanding any provision to the contrary contained
in the Lease, Landlord and Tenant acknowledge and agree that the liability of Landlord for
Landlord’s obligations under the Lease, as amended, and any other documents executed by Landlord
and Tenant in connection with the Lease (collectively, the “Lease Documents”) shall be limited to
Landlord’s interest in the Project (including any rents and all sale, financing, insurance or
condemnation proceeds thereof) and Tenant shall not look to any other property or assets of
Landlord or the property or assets of any direct or indirect partner, member, manager, shareholder,
director, officer, principal, employee or agent of Landlord (collectively, the “Landlord Parties”)
in seeking either to enforce Landlord’s obligations under the Lease Documents or to satisfy a
judgment for Landlord’s failure to perform such obligations; and none of the Landlord Parties shall
be personally liable for the performance of Landlord’s obligations under the Lease Documents. In
no event shall Landlord or the Landlord Parties be liable for, and Tenant, on behalf of itself and
all other subtenants or occupants of the Premises and their respective agents, contractors,
subcontractors, employees, invitees or licensees, hereby waives any claim for, any indirect,
consequential or punitive damages, including loss of profits or business opportunity, arising under
or in connection with the Lease Documents. Landlord shall not look to Tenant’s direct or indirect
partners, members, managers, shareholders, directors, officers, principals, employees or agents in
seeking to enforce Tenant’s obligations under the Lease Documents or to satisfy a judgment for
Tenant’s failure to perform such obligations; and none of such parties shall be personally liable
for the performance of Tenant’s obligations under the Lease Documents.

          8.      Reaffirmation of Obligations. Notwithstanding the amendment to the Lease contained
herein, Tenant and Landlord each hereby acknowledges and reaffirms its obligations under the Lease.

          9.      Effect of Amendment. Except as specifically amended pursuant to the terms of this
Amendment, the terms and conditions of the Lease shall remain unmodified and in full force and
effect. In the event of any inconsistencies between the terms of this Amendment and any terms of
the Lease, the terms of this Amendment shall govern and prevail.

[Signatures Begin on Next Page]

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          IN WITNESS WHEREOF, Landlord and Tenant have executed this Amendment as of the day and year
first above written.

	 	 	 

	LANDLORD:

	 	TENANT:
	 
	 	 
	4000 MACARTHUR, L.P.,

	 	MINDSPEED TECHNOLOGIES, INC.,
	a Delaware limited partnership

	 	a Delaware corporation
	 
	 	 
	By: /s/ Michael B. Benner

	 	By:  /s/ Allison K. Garcia
	 
	 	 
	Its: Vice President and Secretary

	 	Its: SVP, Human Resources
	 
	 	 
	 

	 	By: /s/ Brandi R. Steege
	 
	 	 
	 

	 	Its: V.P., Legal

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EXHIBIT A-2

Outline of Data Room

EXHIBIT A-2

-1-

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