Document:

ccf_Ex10_10_1

		
			Exhibit 10.10.1
		

		
			 
		

		
			CHASE CORPORATION
		

		
			RESTRICTED  STOCK  AGREEMENT UNDER THE 2013 INCENTIVE  PLAN
		

		
			 
		

		
			This Restricted Stock Agreement (the “Agreement”), dated as of September 1, 2016, is by and between Chase Corporation (the “Company”) and Adam P. Chase (the “Restricted Stockholder”).
		

		
			1.     Grant of Award.  Pursuant to the terms of the Chase Corporation 2013 Incentive Plan (the “Plan”), effective as of September 1, 2016 (the “Grant Date”), the Company hereby grants to the Restricted Stockholder an award of 7,768 shares of the Company’s common stock, par value $0.10 per share, subject to the terms and conditions of this Agreement and the Plan.  As more fully described below, the shares granted hereby are subject to forfeiture by the Restricted Stockholder if certain criteria are not satisfied. 
		

		
			2.     Restrictions on Stock.  Until the termination of restrictions as provided in Section 3 hereof, the Restricted Stock may not be sold, assigned, transferred, pledged or otherwise encumbered except as provided in this Agreement.  No rights or interests of the Restricted Stockholder under this Agreement or under the Plan may be assigned, encumbered or transferred other than (i) to the extent permitted and in accordance with such procedures adopted by the Administrator from time to time and (ii) by will or the laws of descent and distribution.  The naming of a designated beneficiary will not constitute a transfer. 
		

		
			3.     Termination of Restrictions.
		

		
			(a)     Vesting.  The Restricted Stock Award shall cliff vest over  3 years from the grant date and become nonforfeitable and all restrictions set forth in Section 3 hereof shall lapse, on August 31, 2019 (the “Vest Date”), provided the Restricted Stockholder’s service with the Company has not terminated or ceased on or prior to the Vest Date.
		

		
			(b)     Termination of Service.  If the Restricted Stockholder’s status as an employee, consultant or director of the Company is terminated prior to the Vest Date by reason of the Restricted Stockholder’s retirement, death or disability (as determined by the Administrator) or the Company terminating his service without cause, the Restricted Stock Award shall vest, pro-rated on the date service is terminated, and the restrictions on the pro-rated vested shares shall lapse on the date of termination of service.  If the Restricted Stockholder’s status as an employee, consultant or director of the Company is terminated by the Restricted Stockholder or by the Company for cause prior to the Vest Date, the Restricted Stock Award will immediately and irrevocably be forfeited and neither the Restricted Stockholder nor any successors, heirs, assigns, or legal representatives of the Restricted Stockholder shall thereafter have any further rights or interest in such forfeited Restricted Stock or the certificates thereof. For purposes of this subsection (b), service will be considered as continuing uninterrupted during any bona fide leave of absence approved in writing by the Company so long as the Restricted Stockholder’s right to reemployment or survival of his service arrangement with the Company is guaranteed either by statute or by contract.
		

		
			(c)     Acceleration of Vesting upon Change in Control.  Unless otherwise provided for in the vote granting such restricted stock, upon the consummation of a transaction resulting in a 

		 

 

Change in Control of the Company prior to the Vest Date, all restrictions remaining on any Restricted Stock shall lapse.
		

		
			4.     Rights as Stockholder.  Upon the issuance of a certificate or certificates representing the Restricted Stock, the Restricted Stockholder shall thereupon be a stockholder and, subject to the provisions of Section 2 hereof, have all the rights of a stockholder with respect to such Restricted Stock, including the right to vote and receive all dividends or other distributions made or paid with respect to such Restricted Stock; provided, however, that such Restricted Stock and any new, additional or different securities the Restricted Stockholder may become entitled to receive with respect to such Restricted Stock by virtue of a stock split, dividend or other change in the corporate or capital structure of the Company shall be subject to the vesting and forfeiture provisions, restrictions on transfer and other restrictions set forth in this Agreement and the Plan. 
		

		
			5.     Stock Certificates; Legend.    Certificates for Restricted Stock shall be issued in the Restricted Stockholder’s name and shall be held by the Company until the Restricted Stock shall become vested and all restrictions thereon have lapsed.  The Company shall serve as attorney-in-fact for the Restricted Stockholder during the period during which the Restricted Stock are unvested with full power and authority in the Restricted Stockholder’s name to assign and convey to the Company any Restricted Stock held by the Company for the Restricted Stockholder if the Restricted Stockholder forfeits the shares under the terms of the this Agreement and the Plan.  Certificates representing the Restricted Stock shall bear the following legend:
		

		
			“The Shares represented by this Stock Certificate have been granted as restricted stock under the Chase Corporation 2013 Equity Incentive Plan.  The Shares represented by this Stock Certificate may not be sold, exchanged, assigned, transferred, pledged, hypothecated or otherwise encumbered or disposed of unless the restrictions set forth in the Restricted Share Agreement between the registered holder of these Shares and Chase Corporation shall have lapsed.
		

		
			Upon the vesting of the Restricted Stock, the Company shall so notify the Secretary of the Company and the Secretary shall obtain from the Company certificates representing all such shares that have vested, which certificates shall not bear any restrictive endorsement making reference to this Agreement, and shall deliver such certificates to the Restricted Stockholder.
		

		
			6.     No Right to Continued Employment.  This Agreement shall not confer upon the Restricted Stockholder any right with respect to continuance of employment by, or service with, the Company, nor shall it interfere in any way with the right of the Company to terminate the Restricted Stockholder’s service at any time and for any reason.
		

		
			7.     Adjustment to Common Stock.  In the event of any stock split, stock dividend, recapitalization, reorganization, merger, consolidation, combination, exchange of shares, liquidation, spin‐off or other similar change in capitalization or event, or any distribution to holders of Common Stock other than a normal cash dividend, the Committee shall make approximate and equitable adjustments in the Restricted Stock corresponding to adjustments made by the Committee in the number and kind of shares which may be issued under the Plan.  Any new, additional or different securities to which the Restricted Stockholder shall be entitled in respect of Restricted Stock by reason of such adjustment shall be deemed to be Restricted Stock and shall be subject to the same terms, conditions and restrictions as the Restricted Stock so adjusted.
		

		
			

		 

 

		

		
			8.     Withholding Taxes.  The Restricted Stockholder acknowledges that the Company is not responsible for the tax consequences to the Restricted Stockholder of the granting or vesting of the Restricted Stock, and that it is the responsibility of the Restricted Stockholder to consult with the Restricted Stockholder’s personal tax advisor regarding all matters with respect to the tax consequences of the granting and vesting of the Restricted Stock.  The Company shall have the right to deduct from the Restricted Stock or any payment to be made with respect to the Restricted Stock any amount that federal, state, local or foreign tax law required to be withheld with respect to the Restricted Stock or any such payment.  Alternatively, the Company may require that the Restricted Stockholder, prior to or simultaneously with the Company incurring any obligation to withhold any such amount, pay such amount to the Company in cash or in shares of the Company’s Common Stock (including shares of Common Stock retained from the Restricted Share Award creating the tax obligation), which shall be valued at the Fair Market Value of such shares on the date of such payment.  In any case where it is determined that taxes are required to be withheld in connection with the issuance, transfer or delivery of the shares, the Company may reduce the number of shares so issued, transferred or delivered by such number of shares as the Company may deem appropriate to comply with such withholding.  The Company may also impose such conditions on the payment of any withholding obligations as may be required to satisfy applicable regulatory requirements under the Exchange Act.
		

		
			9.     Governing Law.  This Agreement shall be construed and administered in accordance with and governed by the laws of the Commonwealth of Massachusetts (without giving effect to any conflict or choice of laws provisions thereof that would cause the application of the domestic substantive laws of any other jurisdiction). 
		

		
			10.     Notice of Election Under Section 83(b). If the Restricted Stockholder makes an election under Section 83(b) of the Internal Revenue Code of 1986, as amended, and the regulations and rulings promulgated thereunder, he will provide a copy thereof to the Company within thirty days of the filing of such election with the Internal Revenue Service. 
		

		
			11.     Notices.  Any notice hereunder to the Company shall be addressed to the Company at its principal business office, 295 University Ave., Westwood, Massachusetts 02090 and any notice hereunder to the Restricted Stockholder shall be sent to the address reflected on the records of the Company, subject to the right of either party to designate at any time hereafter in writing some other address.
		

		
			12.     Amendment of Agreement.  The Company may amend, modify or terminate this Agreement, provided that the Restricted Stockholder’s consent to such action shall be required unless the Company determines that the action, taking into account any related action, would not materially and adversely affect the Restricted Stockholder.  
		

		
			13.     Successors and Assigns; No Third Party Beneficiaries.  Except as otherwise expressly provided herein, the provisions hereof shall inure to the benefit of, and be binding upon, the successors, assigns, heirs, executors and administrators of the parties hereto.  There are no third party beneficiaries of this Agreement.
		

		
			14.     Entire Agreement.  This Agreement and the Plan constitute the full and entire understanding and agreement of the parties with regard to the Restricted Stock and supersede in their entirety all other prior agreements, whether oral or written, with respect thereto.  
		

		
			

		 

 

		

		
			15.     Severability.  In case any provision of this Agreement shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions of this Agreement shall not in any way be affected or impaired thereby, and each provision of this Agreement shall be enforced to the fullest extent permitted by law.
		

		
			16.      Waivers.  Any waiver by the Company of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any subsequent breach of such provision or any other provision hereof.
		

		
			17.      Defined Terms.  Capitalized terms used but not defined in this Agreement will have the meanings specified in the Plan.
		

		
			 
		

		
			IN WITNESS WHEREOF, the parties have executed this Agreement as a sealed instrument. 
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						RESTRICTED STOCKHOLDER

					
					
						CHASE CORPORATION

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ Adam P. Chase

					
					
						 

					
					
						By:

					
					
						/s/ Peter R. Chase

				
	
					
						 

					
					
						Signature

					
					
						 

					
					
						 

					
					
						Signature

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Name:

					
					
						Adam P. Chase

					
					
						 

					
					
						Name:

					
					
						Peter R. Chase

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						Title:

					
					
						Executive Chairmanccf_Ex10_10_2

		
			Exhibit 10.10.2
		

		
			 
		

		
			CHASE CORPORATION
		

		
			2013 INCENTIVE PLAN 
		

		
			 
		

		
			Stock Option Agreement
		

		
			Chase Corporation (the “Company”) hereby grants to you (the “Optionee”) the following option (the “Option”) to purchase Common Stock of the Company:
		

			
					
						 

					
					
						 

				
	
					
						Name of Optionee:

					
					
						Adam P. Chase

				
	
					
						Total Number of Shares Subject to this Option:

					
					
						23,563

				
	
					
						Type of Option:

					
					
						Non Qualified Option (NQO)-“retention”

				
	
					
						Exercise Price per Share:

					
					
						$64.37

				
	
					
						Grant Date:

					
					
						September 1, 2016

				
	
					
						Vesting Schedule:

					
					
						 

				
	
					
						Vesting Commencement Date:

					
					
						August 31, 2019

				
	
					
						Number of Vested Shares on Grant Date:

					
					
						0

					
						 

				
	
					
						Vesting Period:

					
					
						3 years  

				
	
					
						Expiration Date:

					
					
						August 31, 2026

				

		
			 
		

		
			By your signature and the signature of the Company’s representative below, you and the Company agree that this Option is granted under and governed by the terms of the Chase Corporation 2013 Incentive Plan (the “Plan”) and this Stock Option Agreement (this “Agreement”), which includes the incorporated terms and conditions attached to and made a part of this Agreement.  This Agreement is an Award Agreement issued under the Plan.
		

		
			 
		

			
					
						OPTIONEE

					
					
						 

					
					
						CHASE CORPORATION

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						/s/ Adam P. Chase

					
					
						 

					
					
						By: /s/ Peter R. Chase

				
	
					
						Print Name: Adam P. Chase

					
					
						 

					
					
						Print Name: Peter R. Chase

				
	
					
						 

					
					
						 

					
					
						Title: Executive Chairman

				

		
			 
		

		
			 
		

		
			

		 

 

		

		
			CHASE CORPORATION
		

		
			Stock Option Agreement
under the 2013 Incentive Plan
		

		
			Incorporated Terms and Conditions
		

		
			1.       Grant of Option. On the terms and conditions set forth in this Agreement, the Company grants to the Optionee on the Grant Date this Option to purchase at the exercise price per share set forth on the Signature Page of this Agreement the number of shares of the Company’s Common Stock set forth on said Signature Page.  This Option is granted pursuant to and is governed by Plan, the terms of which are incorporated into this Agreement by this reference.  To the extent there is any inconsistency between the terms of the Plan and this Agreement, the terms of the Plan shall control.  Unless the context otherwise requires, capitalized terms used herein without definitions shall have the respective meanings assigned to them in the Plan.  By signing this Agreement, the Optionee acknowledges receipt of a copy of the Plan.
		

		
			2.       Type of Option.  This Option is intended to qualify either as an ISO or an NQO, as set forth on the Signature Page of this Agreement.  If this Option is intended to qualify as an ISO, it is agreed that the Exercise Price is at least 100% of the Fair Market Value per Share on the Grant Date (110% of Fair Market Value if Section 7.2 of the Plan applies).  
		

		
			3.       Exercisability Schedule.  The Optionee may exercise this Option for such number of Shares as have become exercisable pursuant to the vesting schedule set forth on the Signature Page of this Agreement.  
		

		
			4.       Exercise of Option. Prior to the Expiration Date (or such earlier date as set forth in Section 5 below), the Optionee may exercise this Option by delivering a Notice of Stock Option Exercise in the form attached hereto as Exhibit A (the “Notice”), signed by the Participant, and received by the Company at its principal office, accompanied by this Agreement and payment in full in the manner provided in the Plan.  The Participant may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten (10) whole shares.  The Optionee (or any other person entitled to exercise this Option) shall not be entitled to any rights as a shareholder of the Company with respect to any Shares issuable upon exercise of this Option until such Shares shall have been registered on the stock transfer books of the Company in the name of the Optionee (or such other person).  
		

		
			5.       Exercise of Option After Termination of Employment.
		

		
			(a)Termination of service.  Except as otherwise determined by the Board, or as may otherwise be expressly provided in any employment agreement between the Company and the Optionee, upon the termination of the service of the Optionee to the Company (or to an affiliate), this Option shall expire on the earliest of the following occasions:
		

		
			(i)the date that is three months after the voluntary termination of the Optionee’s service or the termination of the Optionee’s service by the Company (or by an affiliate) other than for cause;
		

		
			(ii)the date that is three months after the termination of the Optionee’s service by the Company (or by an Affiliate) for cause;
		

		
			

		 

 

		

		
			(iii)the date six months after the termination of the Optionee’s service by reason of Disability or death; 
		

		
			(v)the specified expiration date of the Option, as set forth on the Signature Page.
		

		
			Any portion of this Option that is not exercisable on the date of termination of the Optionee’s service with the Company, for any reason, shall terminate immediately and be null and void and of no further force and effect.
		

		
			6.       Notice of Premature Disposition.  If this Option is intended to qualify as an ISO, as provided on the Signature Page of this Agreement, then if, within (2) two years from the Grant Date or within one (1) year after the issuance of Shares to the Optionee upon exercise of this Option, the Optionee makes a disposition (as defined in Section 424(c) of the Code) of any Shares, the Optionee shall notify the Treasurer of the Company within ten (10) days after such disposition.
		

		
			7.       Restrictions on Transfer.  The Optionee shall not sell, assign, transfer, pledge, hypothecate or otherwise dispose of, by operation of law or otherwise except by will or the laws of descent and distribution, and during the lifetime of the Participant, this Option shall be exercisable only by the Participant.
		

		
			8.       Withholding.  No Shares shall be issued pursuant to the exercise of this Option unless and until the Participant pays to the Company or makes provision satisfactory to the Company for payment of any federal, state or local withholding taxes required by law to be withheld in respect of this Option. 
		

		
			9.       Amendment. The Board may at any time or times amend the Plan or this Agreement for the purpose of satisfying the requirements of any changes in applicable laws or regulations or for any other purpose which at the time may be permitted by law.  No termination, amendment of the Plan or amendment of this Agreement shall, without the Optionee’s consent, materially adversely affect the Optionee’s rights under this Agreement.  
		

		
			10.      Notices.  All notices, requests, consents and other communications shall be in writing and be deemed given when delivered personally, by telex or facsimile transmission or when received if mailed by first class registered or certified mail, postage prepaid.  Notices to the Company or the Optionee shall be addressed as set forth underneath their signatures below, or to such other address or addresses as may have been furnished by such party in writing to the other.
		

		
			11.      Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Massachusetts without regard to conflict of law principles.
		

		
			12.      Counterparts.  For the convenience of the parties and to facilitate execution, this Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same document.
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			Exhibit A
		

		
			 
		

		
			NOTICE OF STOCK OPTION EXERCISE
		

		
			 
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						[DATE]

					
						 

				
	
					
						 

					
					
						 

				

		
			[   ]
		

		
			[INSERT ADDRESS]
		

		
			Attention:  Treasurer
		

		
			 
		

		
			Dear Sir or Madam
		

		
			Pursuant to the terms of the stock option agreement between myself and Chase Corporation (the “Company”) dated                  (the “Agreement”), under the Company’s 2013 Incentive Plan, I, [Insert Name]                                    , hereby [Circle One] partially/fully exercise such Option by including herein payment in the amount of $__________ representing the purchase price for [Fill in number of Underlying Shares]                 Shares.  I have chosen the following form(s) of payment:
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						[ ]   

					
					
						1.

					
					
						Cash

				
	
					
						[ ]   

					
					
						2.

					
					
						Certified or bank check payable to [   ]

				
	
					
						[ ]   

					
					
						3.

					
					
						Other (as described in the Plan (please describe))

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				

		
			In connection with my exercise of the Option as set forth above, I hereby represent and warrant to the Company as follows:
		

		
			(i)       I am purchasing the Shares for my own account for investment only, and not with a view to, or for sale in connection with, any distribution of the Shares in violation of the Securities Act, or any rule or regulation under the Securities Act.
		

		
			(ii)      I have had such an opportunity as I have deemed adequate to obtain from the Company such information as is necessary to permit me to evaluate the merits and risks of my investment in the Company and have consulted with my own advisers with respect to my investment in the Company.
		

		
			(iii)     I have sufficient experience in business, financial and investment matters to be able to evaluate the risks involved in the purchase of the Shares and to make an informed investment decision with respect to such purchase.
		

		
			(iv)     I can afford a complete loss of the value of the Shares and am able to bear the economic risk of holding such Option Shares for an indefinite period of time.
		

		
			(v)      I understand that the Shares have not be registered under the Securities Act (it being understood that the Shares are being issued and sold in reliance on the exemption provided in Rule 701 thereunder) or any applicable state securities or “blue sky” laws and may not be sold or otherwise transferred or disposed of in the absence of an effective registration statement under the Securities Act 

		 

 

of 1933 and under any applicable state securities or “blue sky” laws (or exemptions from the registration requirements thereof).  I further acknowledge that certificates representing Shares will bear restrictive legends reflecting the foregoing.
		

		
			(vi)     I understand and agree that the Shares when issued will continue to be subject to the Plan.
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						Sincerely yours,

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						Name

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						Address:

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