Document:

form8k_exb104-020314.htm

Restricted Stock Award

Granted by

HAMILTON BANCORP, INC.

under the

HAMILTON BANCORP, INC.

2013 EQUITY INCENTIVE PLAN

This restricted stock agreement (“Restricted Stock Award” or “Agreement”) is and will be subject in every respect to the provisions of the 2013 Equity Incentive Plan (the “Plan”) of Hamilton Bancorp, Inc. (the “Company”) which are incorporated herein by reference and made a part hereof, subject to the provisions of this Agreement.  A copy of the Plan has been provided to each person granted a Restricted Stock Award pursuant to the Plan.  The holder of this Restricted Stock Award (the “Participant”) hereby accepts this Restricted Stock Award, subject to all the terms and provisions of the Plan and this Agreement, and agrees that all decisions under and interpretations of the Plan and this Agreement by the Committee appointed to administer the Plan (“Committee”) or the Board will be final, binding and conclusive upon the Participant and the Participant’s heirs, legal representatives, successors and permitted assigns.  Capitalized terms used herein but not defined will have the same meaning as in the Plan.

 

1. Name of Participant:                                            _____________

 

2. Date of Grant:  _________ __, 201__

 

3.                  Total number of shares of Company common stock, $0.01 par value per share, covered by the Restricted Stock Award:

   _____________                                (subject to adjustment pursuant to Section 9 hereof).

4.                  Vesting Schedule. Except as otherwise provided in this Agreement, this Restricted Stock Award first becomes earned in accordance with the vesting schedule specified 

    herein.

                 

                    The Restricted Stock Awards granted under the Plan shall vest in five (5) equal annual installments, with the first installment becoming exercisable on the first anniversary 

                     of the date of grant, or __________ __, 201__, and succeeding installments on each anniversary thereafter, through ______________ __, 201__.  To the extent the shares 

                     of Restricted Stock awarded to me are not equally divisible by “5,”  any excess shares of Restricted Stock shall vest on _________ __, 201__.

    Vesting will automatically accelerate pursuant to Section 2.6, 2.9 and 4.1 of the Plan (in the event of death, Disability or Termination of Service following a 

    Change in Control).

 

 

  

  

  

5.           Grant of Restricted Stock Award.

 

The Restricted Stock Award will be in the form of issued and outstanding shares of Stock that will be either registered in the name of the Participant and held by the Company, together with a stock power executed by the Participant in favor of the Company, pending the vesting or forfeiture of the Restricted Stock, or registered in the name of, and delivered to, the Participant.  Notwithstanding the foregoing, the Company may, in its sole discretion, issue Restricted Stock in any other format (e.g., electronically) in order to facilitate the paperless transfer of such Awards.

 

If certificated, the certificates evidencing the Restricted Stock Award will bear a legend restricting the transferability of the Restricted Stock.  The Restricted Stock awarded to the Participant will not be sold, encumbered hypothecated or otherwise transferred except in accordance with the terms of the Plan and this Agreement.

 

	
6.

	
Terms and Conditions.

 

	
  

	
The Participant will have the right to vote the shares of Restricted Stock awarded hereunder.

 

	
  

	
Any cash dividends or distributions declared and paid with respect to shares of Stock subject to the Restricted Stock Award will be immediately distributed to the Participant.  Any stock dividends declared and paid with respect to shares of Stock subject to the Restricted Stock Award will be issued subject to the same restrictions and the same vesting schedule as the underlying share of Stock on which the dividend was declared.

 

	
  

	
7.

	
Delivery of Shares.

 

Delivery of shares of Stock under this Restricted Stock Award will comply with all applicable laws (including, the requirements of the Securities Act), and the applicable requirements of any securities exchange or similar entity.

8.           Change in Control.

	
  

	
8.1

	
In the event of the Participant’s Termination of Service following a Change in Control, all Restricted Stock Awards subject to this Agreement will become fully exercisable.

	
  

	
8.2

	
A “Change in Control” will be deemed to have occurred as provided in Section 4.2 of the Plan.

 

 

9.           Adjustment Provisions.

 

	
  

	
This Restricted Stock Award, including the number of shares subject to the Restricted Stock Award, will be adjusted upon the occurrence of the events specified in, and in accordance with the provisions of, Section 3.4 of the Plan.

 

 

  

  

  

10.           Effect of Termination of Service on Restricted Stock Award.

 

10.1           This Restricted Stock Award will vest as follows:

 

	
(i)  

	
Death.  In the event of the Participant’s Termination of Service by reason of the Participant’s death, all Restricted Stock subject to this Agreement will vest as to all shares subject to an outstanding Award at the date of Termination of Service.

 

	
(ii)  

	
Disability.  In the event of the Participant’s Termination of Service by reason of Disability, all Restricted Stock subject to this Agreement will vest at the date of Termination of Service.

 

	
(iii)  

	
Termination for Cause.  If the Participant’s Service has been terminated for Cause, all Restricted Stock granted to a Participant that has not vested will expire and be forfeited.

 

	
(iv)  

	
Other Termination.  If the Participant terminates Service for any reason other than due to death, Disability or for Cause, all shares of  Restricted Stock subject to this Agreement which have not vested as of the date of Termination of Service will expire and be forfeited.

 

11.           Miscellaneous.

 

	
  

	
11.1

	
This Agreement may not be amended or otherwise modified unless evidenced in writing and signed by the Company and the Participant.

 

	
  

	
11.2

	
Restricted Stock Awards are not transferable prior to the time such Awards vest in the Participant.

 

	
  

	
11.3

	
This Restricted Stock Award will be governed by and construed in accordance with the laws of the State of Maryland.

 

	
  

	
11.4

	
This Restricted Stock Award is subject to all laws, regulations and orders of any governmental authority which may be applicable thereto and, notwithstanding any of the provisions hereof, the Company will not be obligated to issue any shares of stock hereunder if the issuance of such shares would constitute a violation of any such law, regulation or order or any provision thereof.

 

	
  

	
11.5

	
Provided there are no adverse accounting consequences to the Company (a requirement to have liability classification of an award under Financial Accounting Standards Board Accounting Standards Codification (ASC) Topic 718 is an adverse consequence), a Participant who is not required to have taxes withheld shall have the right to direct the Company to satisfy the minimum required federal, state and local tax withholding (as if the Award were subject to tax withholding) by withholding a number of shares (based on the Fair Market Value on the vesting date) otherwise vesting that would satisfy the minimum amount of required tax withholding.  

 

 

  

  

  

IN WITNESS WHEREOF, the Company has caused this instrument to be executed in its name and on its behalf as of the date of grant of this Restricted Stock Award set forth above.

 

HAMILTON BANCORP, INC.

 

By:______________________                                                                

Its:______________________                                                                

 

 

PARTICIPANT’S ACCEPTANCE

 

The undersigned hereby accepts the foregoing Restricted Stock Award and agrees to the terms and conditions hereof, including the terms and provisions of the 2013 Equity Incentive Plan.  The undersigned hereby acknowledges receipt of a copy of the Company’s 2013 Equity Incentive Plan.

 

     PARTICIPANT

 

 

                                                                                                                  _____________________

 

 

  

  

  

 

 EXHIBIT A

 

 

ACKNOWLEDGMENT OF RECEIPT OF EARNED SHARES

 

 

 

I hereby acknowledge the delivery to me by Hamilton Bancorp, Inc. (the “Company”) or its affiliate on _____________________________, of stock certificates for ____________________ shares of common stock of the Company earned by me pursuant to the terms and conditions of the Restricted Stock Agreement and the Hamilton Bancorp, Inc. 2013 Equity Incentive Plan, which shares were transferred to me on the Company’s stock record books on ____________________.

 

Date:______________                                                                         ______________________                                           

  Participant’s signatureExh 10.1 - amended agmt MB

Exhibit 10.1
AMENDING AGREEMENT TO THE
RESTRICTED SHARE UNIT GRANT AGREEMENT

This Amending Agreement is made as of the 31st day of January, 2014 between Open Text Corporation (the “Corporation”) and Mark J. Barrenechea (the “Executive”).
Whereas the Corporation and the Executive entered into an employment agreement dated as of January 2, 2012 (the “Original Employment Agreement”);
Whereas the Corporation granted to the Executive 33,333 Restricted Share Units (the “RSU Grant”) pursuant to the Original Employment Agreement and detailed more fully in the Restricted Share Unit Grant Agreement dated as of February 3, 2012 (the “Original RSU Agreement”);
Whereas the Corporation and the Executive have entered into a new employment agreement dated as of the 30th day of October 2012 (the “Employment Agreement”); 
Whereas the Corporation and the Executive have entered into an amending agreement dated as of the 30th day of October 2012 (together with the Original RSU Agreement, the “RSU Agreement”); and
Whereas the Corporation and the Executive desire to amend the RSU Agreement such that the Corporation shall have the right to elect to settle any Vested RSU through the delivery of one common share in the capital of the Corporation (“Common Shares”);
Now, therefore, the parties hereto covenant and agree with each other as follows:
		
	1.
	Section 5 of the RSU Agreement is deleted in its entirety and the following shall be inserted in lieu thereof:

“The Executive shall be entitled to receive in settlement of each Vested RSU, within 15 days following the Vesting Date, the Payout Amount in cash or one Common Share purchased on the open market by an agent on behalf of the Executive designated by the Corporation (the “Agent”), in each case as determined by the Corporation.  In the event that the Corporation determines to settle any Vested RSUs in Common Shares, the Corporation shall be responsible for payment of the purchase price for such Common Shares, the related brokerage commission payable and any other expense incurred in connection with such purchase of Common Shares.”
		
	2.
	Section 7 of the RSU Agreement is deleted in its entirety and the following shall be inserted in lieu thereof:

“The Corporation may withhold from any Payout Amount payable to the Executive or may cause the Agent to withhold from any Common Shares deliverable to the Executive pursuant to Section 5 such amount or number of Shares as applicable as may be necessary to comply with Applicable Law relating to the withholding of tax or other required deductions.  The Corporation shall also have the right in its discretion to satisfy any such liability for withholding or other required deduction amounts by causing the Agent to sell Common Shares that would otherwise be delivered or provided to the Executive hereunder or requiring the Executive to sell Common Shares that become deliverable to him hereunder.  In addition, the Corporation may require the Executive, as a condition to the settlement of any Vested RSUs, to pay or reimburse the Corporation or the Agent for any such withholding or other required deduction of amounts related to the settlement of such Vested RSUs.”

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	3.
	The RSU Agreement is amended by adding thereto the following as new Section 13:

“In the event of any stock split, stock consolidation, combination or exchange of Common Shares, Change of Control (as defined in the Employment Agreement dated as of October 30, 2012 between the Corporation and the Executive), spin-off, dividend or other distribution of the Corporation’s assets to shareholders, or any other change in the capital of the Corporation affecting Common Shares, such proportionate adjustments, if any, as the Committee in its discretion may deem appropriate to reflect such change, shall be made with respect to the number of RSUs outstanding hereunder.”
		
	4.
	Except as specifically set forth herein, the RSU Agreement shall remain in full force and effect.

[Remainder of page intentionally blank.] 

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	5.
	All capitalized terms used herein but not defined shall have the meanings assigned to them in the Original RSU Agreement.

In witness whereof the parties hereto have executed this Amending Agreement on the date first written above.

OPEN TEXT CORPORATION        MARK BARRENECHEA

/s/ Gordon A. Davies        /s/ Mark J. Barrenechea    
Name:    Gordon A. Davies        Mark Barrenechea 
Title:    Chief Legal Officer and 
    Corporate Secretary

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