Document:

EX-10.12

 Exhibit 10.12 

2014 EQUITY INCENTIVE PLAN OF 

ORTHO-CLINICAL DIAGNOSTICS BERMUDA CO. LTD. 

RESTRICTED STOCK AGREEMENT 

GRANT NOTICE 
 The
participant set forth below (the “Participant”) has been granted Restricted Stock, subject to the terms and conditions of the Ortho-Clinical Diagnostics Bermuda Co. Ltd. 2014 Equity Incentive Plan, as amended from time to
time (the “Plan”) and this Restricted Stock Agreement, which includes the terms in this Grant Notice (the “Grant Notice”) and Appendix A attached hereto (collectively, this
“Agreement”). Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Agreement. 
  

			
	Participant:	  	 [____________]

		
	Grant Date:	  	 [_____________], 201[_]

		
	Total Number of Shares of Restricted Stock:	  	 [______]

		
	Type of Restricted Stock	  	 Ordinary Shares

		
	Vesting Schedule:	  	[__________]

 Both Ortho-Clinical Diagnostics Bermuda Co. Ltd. (the “Company”) and the Participant
acknowledge and agree that this Agreement and the Plan constitute the entire agreement between the Company and the Participant regarding the terms and conditions of the Restricted Stock awarded hereunder, and that the foregoing supersede all prior
communications, agreements, and understandings, written or oral, with respect to the terms and conditions of such Restricted Stock. ACCORDINGLY, PLEASE BE SURE TO READ ALL OF THIS AGREEMENT (INCLUDING THE GRANT NOTICE AND APPENDIX A) AND THE
PLAN. 
  

									
	ORTHO-CLINICAL DIAGNOSTICS BERMUDA CO. LTD.:	 		 	PARTICIPANT:
					
	By:	 	          
	 		 	By:	 	          

	Name:	 		 		 	Name:	 	[___________]
	Title:	 		 		 		 	

 APPENDIX A 

TO THE RESTRICTED STOCK AGREEMENT 

Pursuant to this Agreement, the Company has awarded to the Participant the number of shares of Restricted Stock under the Plan set forth in
the Grant Notice. 
 ARTICLE I. 

GENERAL 
 1.1
Definitions. All capitalized terms used in this Agreement without definition shall have the meanings ascribed in the Plan and the Grant Notice.  

1.1 Incorporation of Terms. The Restricted Stock is subject to the terms and conditions of the Plan, which are incorporated herein by
reference. In the event of any inconsistency between the Plan and this Agreement, the terms of the Plan shall control. 
 ARTICLE II.

 AWARD OF RESTRICTED STOCK 

2.1 Award of Restricted Stock. 

(a) Award. As of the Grant Date, the Company issued to the Participant the number of shares of Restricted Stock, par value $0.00001 per
share (“Par Value”), set forth in the Grant Notice in consideration of the Participant’s agreement to remain in the service or employ of the Company or one of its subsidiaries, in exchange for the Participant’s
payment in cash to the Company of Par Value per share of Restricted Stock and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged. Such shares of Restricted Stock and any dividends and distributions
made or declared with respect to such shares, in each case, whether vested or unvested shall sometimes be referred to herein as “Shares.” 

(b) Book Entry Form; Certificates. At the sole discretion of the Administrator, the Shares will be issued in either
(i) uncertificated form, with the Shares recorded in the name of the Participant in the register of members of the Company with appropriate notations regarding the Restrictions; or (ii) certificate form subject to the terms of
Section 2.1(c). For purposes of this Agreement, “Restrictions” shall mean the forfeiture provision in Section 2.2 and the other restrictions set forth in this Agreement or the Plan. 

(c) Legend. Shares issued pursuant to this Agreement shall bear such legend or legends as shall be determined by the Administrator. 

(d) Escrow. The Secretary of the Company or such other escrow holder as the Company may appoint may retain physical custody of any
certificates representing the Shares until all of the Restrictions lapse or shall have been removed. 

 2.2 Restrictions. 

(a) Forfeiture. The Restricted Stock shall vest in accordance with the vesting schedule set forth on the Grant Notice. Except as
otherwise determined by the Administrator, any portion of the Restricted Stock which is not vested pursuant to the Grant Notice as of the date the Participant incurs a Termination of Service shall automatically be forfeited by the Participant on the
date of such Termination of Service and, subject to Applicable Law, shall be repurchased by the Company for a cash payment equal to Par Value per share of such Restricted Stock which is not vested.     

(b) Tax Withholding; Conditions to Issuance of Certificates. Notwithstanding any other provision of this Agreement: 

(i) The Participant is ultimately liable and responsible for all taxes owed in connection with the Restricted Stock, regardless of any action
the Company or any of its subsidiaries takes with respect to any tax withholding obligations that arise in connection with the Restricted Stock. Neither the Company nor any of its subsidiaries makes any representation or undertaking regarding the
treatment of any tax withholding in connection with the awarding or vesting of the Restricted Stock or the subsequent sale of shares. The Company and its subsidiaries do not commit and are under no obligation to structure the Restricted Stock to
reduce or eliminate the Participant’s tax liability. 
 (ii) Prior to any tax withholding becoming due, the Participant must make
arrangements acceptable to the Administrator to satisfy such withholding and must satisfy such tax withholdings when due. To the extent permitted by the Administrator, the Company (or the employing subsidiary) will withhold a portion of the shares
of Restricted Stock that have an aggregate Fair Market Value sufficient to pay the minimum federal, state and local income, employment and any other applicable taxes required to be withheld by the Company or the employing subsidiary with respect to
the shares. Notwithstanding any contrary provision of this Agreement, no vested Shares will be released from the Company unless and until satisfactory arrangements (as determined by the Administrator) have been made by the Participant with respect
to the payment of any income and other taxes which the Company determines must be withheld or collected as of the vesting date with respect to such Shares. In addition and to the maximum extent permitted by Applicable Law, and to the extent other
satisfactory arrangements are not made by the Participant, the Company (or the employing subsidiary) has the right to retain from salary or other amounts payable to the Participant, cash having a value sufficient to satisfy any tax withholding
obligations that cannot be satisfied by the withholding of otherwise deliverable Shares and any other arrangements made by the Participant. 

2.3 Rights as Shareholder. Except as otherwise provided herein, upon the Grant Date, the Participant shall have all the rights of a
shareholder with respect to the Shares, including the right to receive any cash or stock dividends or other distributions paid to or made with respect to the Shares, subject to the Restrictions herein. 

2.4 Retained Distributions. The Company will retain custody of all cash dividends and other distributions (“Retained
Distributions”) made or declared with respect to the Restricted Stock (and such Retained Distributions will be subject to the Restrictions and the other terms and conditions under this Agreement that are applicable to the Restricted
Stock) until such time, if ever, as the Restricted Stock with respect to which such Retained Distributions shall have been made, paid or declared shall have become vested pursuant to the Grant Notice or, if earlier, tax withholding is otherwise due
with respect to such Restricted Stock. 
 ARTICLE III. 

OTHER PROVISIONS 
 3.1 Governing Law;
Severability.    This Agreement shall be administered, interpreted and enforced under the laws of the State of Delaware, without regard to the conflicts of law principles thereof. Should any provision of this Agreement be
determined by a court of law to be illegal or unenforceable, the other provisions shall nevertheless remain effective and shall remain enforceable. 

 3.2 Notices. Any notice to be given under the terms of this Agreement to the Company shall be
addressed to the Company at its principal executive offices in care of the Secretary of the Company, and any notice to be given to the Participant shall be addressed to the Participant at the most recent address for the Participant shown in the
Company’s records. By a notice given pursuant to this Section 3.2, either party may hereafter designate a different address for notices to be given to that party. Any notice shall be deemed duly given when sent via email or when sent by
certified mail (return receipt requested) and deposited (with postage prepaid) in a post office or branch post office regularly maintained by the United States Postal Service. 

3.3 Successors and Assigns. The Company may assign any of its rights under this Agreement to single or multiple assignees, and this
Agreement shall inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer herein set forth, this Agreement shall be binding upon the Participant and his heirs, executors, administrators, successors
and assigns. 
 * * * * *EX-10.13

 Exhibit 10.13 

2014 EQUITY INCENTIVE PLAN OF 

ORTHO-CLINICAL DIAGNOSTICS BERMUDA CO. LTD. 

RESTRICTED STOCK AGREEMENT 

GRANT NOTICE 
 The
participant set forth below (the “Participant”) has been granted Restricted Stock, subject to the terms and conditions of the Ortho-Clinical Diagnostics Bermuda Co. Ltd. 2014 Equity Incentive Plan, as amended from time to
time (the “Plan”) and this Restricted Stock Agreement, which includes the terms in this Grant Notice (the “Grant Notice”) and Appendix A attached hereto (collectively, this
“Agreement”). Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Agreement. 
  

			
	Participant:	  	Christopher Smith
		
	Grant Date:	  	December 12, 2019
		
	Total Number of Shares of Restricted Stock:	  	200,000
		
	Type of Restricted Stock	  	Ordinary Shares
		
	Vesting Schedule:	  	The Shares shall vest in accordance with the vesting schedule set forth in Appendix A.

 Both Ortho-Clinical Diagnostics Bermuda Co. Ltd. (the “Company”) and the Participant
acknowledge and agree that this Agreement and the Plan constitute the entire agreement between the Company and the Participant regarding the terms and conditions of the Restricted Stock awarded hereunder, and that the foregoing supersede all prior
communications, agreements, and understandings, written or oral, with respect to the terms and conditions of such Restricted Stock. ACCORDINGLY, PLEASE BE SURE TO READ ALL OF THIS AGREEMENT (INCLUDING THE GRANT NOTICE AND APPENDIX A) AND THE
PLAN. 
  

									
	ORTHO-CLINICAL DIAGNOSTICS BERMUDA CO. LTD.:	 		  	PARTICIPANT:
					
	By:	 	 /s/ Michael A. Schlesinger
	 	        	  	By:	 	 /s/ Christopher Smith

	Name:	 	Michael A. Schlesinger	 		  	Name: Christopher Smith
	Title:	 	EVP, General Counsel & Secretary	 		  		 	

 APPENDIX A 

TO THE RESTRICTED STOCK AGREEMENT 

Pursuant to this Agreement, the Company has awarded to the Participant the number of shares of Restricted Stock under the Plan set forth in
the Grant Notice. 
 ARTICLE I. 

INCORPORATION OF TERMS 

The Restricted Stock is subject to the terms and conditions of the Plan, which are incorporated herein by reference. In the event of any
inconsistency between the Plan and this Agreement, the terms of the Plan shall control. 
 ARTICLE II. 

AWARD OF RESTRICTED STOCK 

2.1 Award of Restricted Stock. 

(a) Award. As of the Grant Date, the Company issued to the Participant the number of shares of Restricted Stock, par value $0.00001 per
share (“Par Value”), set forth in the Grant Notice in consideration of the Participant’s agreement to remain in the service or employ of the Company or one of its subsidiaries, in exchange for the Participant’s
payment in cash to the Company of Par Value per share of Restricted Stock and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged. Such shares of Restricted Stock and any dividends and distributions
made or declared with respect to such shares, in each case, whether vested or unvested shall sometimes be referred to herein as “Shares.” 

(b) Book Entry Form; Certificates. At the sole discretion of the Administrator, the Shares will be issued in either
(i) uncertificated form, with the Shares recorded in the name of the Participant in the register of members of the Company with appropriate notations regarding the Restrictions; or (ii) certificate form subject to the terms of
Section 2.1(c). For purposes of this Agreement, “Restrictions” shall mean the forfeiture provision in Section 2.2 and the other restrictions set forth in this Agreement or the Plan. 

(c) Legend. Shares issued pursuant to this Agreement shall bear such legend or legends as shall be determined by the Administrator. 

(d) Escrow. The Secretary of the Company or such other escrow holder as the Company may appoint may retain physical custody of any
certificates representing the Shares until all of the Restrictions lapse or shall have been removed. 

 2.2 Restrictions. 

(a) Vesting of Restricted Stock. Subject to Section 2.2(b), the Restricted Stock shall vest and the Restrictions shall lapse as
follows, in each case, subject to the Participant remaining continuously in service as a Service Provider through the applicable vesting date: 

(i) Time-Based Vesting. The Restricted Stock will vest as to 100% of the total number of then-unvested Shares on September 9,
2022. 
 (ii) Liquidity Event Vesting. Upon the occurrence of a Liquidity Event, all then-unvested Shares shall vest as of
immediately prior to the occurrence of the Liquidity Event. 
 (iii) Certain Terminations of Service. In the event of a Termination
of Service of the Participant by the Company without Cause, a Termination of Service by the Participant for Good Reason, or a Termination of Service due to the Participant’s death or Disability, then (except in the case of the
Participant’s death) subject to the Participant’s signing on or after Participant’s Termination of Service and before the 45th day following the Participant’s Termination of
Service, and not revoking, a release of claims in the form attached as Exhibit A to the Employment Agreement (the “Release”), all then-unvested Shares shall immediately vest as of the date the Release becomes effective and
irrevocable. 
 (b) Forfeiture. Notwithstanding anything to the contrary set forth herein, any portion of the Restricted Stock which
has not become vested pursuant to Section 2.2(a) as of the date the Participant incurs a Termination of Service shall automatically be forfeited by the Participant on the date of such Termination of Service and, subject to Applicable Law, shall
be repurchased by the Company for a cash payment equal to Par Value per share of such Restricted Stock which is not vested. 
 (c) Tax
Withholding; Conditions to Issuance of Certificates. Notwithstanding any other provision of this Agreement: 
 (i) The Participant is
ultimately liable and responsible for all taxes owed in connection with the Restricted Stock, regardless of any action the Company or any of its subsidiaries takes with respect to any tax withholding obligations that arise in connection with the
Restricted Stock. Neither the Company nor any of its subsidiaries makes any representation or undertaking regarding the treatment of any tax withholding in connection with the awarding or vesting of the Restricted Stock or the subsequent sale of
shares. The Company and its subsidiaries do not commit and are under no obligation to structure the Restricted Stock to reduce or eliminate the Participant’s tax liability. 

(ii) Prior to any tax withholding becoming due, the Participant must make arrangements acceptable to the Administrator to satisfy such
withholding and must satisfy such tax withholdings when due. To the extent permitted by the Administrator, the Company (or the employing subsidiary) will withhold a portion of the shares of Restricted Stock that have an aggregate Fair Market Value
sufficient to pay the minimum federal, state and local income, employment and any other applicable taxes required to be withheld by the Company or the employing subsidiary with respect to the shares. Notwithstanding any contrary provision of this
Agreement, no vested Shares will be released from the Company unless and until satisfactory arrangements (as determined by the Administrator) have been made by the Participant with respect to the payment of any income and other taxes which the
Company determines must be withheld or collected as of the vesting date with respect to such Shares. In addition and to the maximum extent permitted by Applicable Law, and to the extent other satisfactory arrangements are not made by the
Participant, the Company (or the employing subsidiary) has the right to retain from salary or other amounts payable to the Participant, cash having a value sufficient to satisfy any tax withholding obligations that cannot be satisfied by the
withholding of otherwise deliverable Shares and any other arrangements made by the Participant. 
 2.3 Rights as Shareholder. Except
as otherwise provided herein, upon the Grant Date, the Participant shall have all the rights of a shareholder with respect to the Shares, including the right to receive any cash or stock dividends or other distributions paid to or made with respect
to the Shares, subject to the Restrictions herein. 

 2.4 Retained Distributions. The Company will retain custody of all cash dividends and
other distributions (“Retained Distributions”) made or declared with respect to the Restricted Stock (and such Retained Distributions will be subject to the Restrictions and the other terms and conditions under this Agreement
that are applicable to the Restricted Stock) until such time, if ever, as the Restricted Stock with respect to which such Retained Distributions shall have been made, paid or declared shall have become vested pursuant to Section 2.2(a) or, if
earlier, tax withholding is otherwise due with respect to such Restricted Stock. 
 ARTICLE III. 

OTHER PROVISIONS 
 3.1
Governing Law; Severability. This Agreement shall be administered, interpreted and enforced under the laws of the State of Delaware, without regard to the conflicts of law principles thereof. Should any provision of this Agreement be
determined by a court of law to be illegal or unenforceable, the other provisions shall nevertheless remain effective and shall remain enforceable. 

3.2 Notices. Any notice to be given under the terms of this Agreement to the Company shall be addressed to the Company at its principal
executive offices in care of the Secretary of the Company, and any notice to be given to the Participant shall be addressed to the Participant at the most recent address for the Participant shown in the Company’s records. By a notice given
pursuant to this Section 3.2, either party may hereafter designate a different address for notices to be given to that party. Any notice shall be deemed duly given when sent via email or when sent by certified mail (return receipt requested)
and deposited (with postage prepaid) in a post office or branch post office regularly maintained by the United States Postal Service. 
 3.3
Successors and Assigns. The Company may assign any of its rights under this Agreement to single or multiple assignees, and this Agreement shall inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on
transfer herein set forth, this Agreement shall be binding upon the Participant and his heirs, executors, administrators, successors and assigns. 

ARTICLE IV. 

DEFINITIONS 
 Whenever the
following terms are used in this Agreement, they shall have the meaning specified below unless the context clearly indicates to the contrary. Capitalized terms used in this Agreement and not defined below shall have the meaning given such terms in
the Plan or the Grant Notice. The singular pronoun shall include the plural, where the context so indicates. 
 4.1 Affiliate.
“Affiliate” shall mean, with respect to any Person, any other Person directly or indirectly controlling, controlled by, or under common control with, such Person where “control” shall have the meaning given such term under Rule
405 of the Securities Act. For the purposes of this Agreement, Affiliates of the Company shall include all Principal Stockholders, except where otherwise specified. 

4.2 Cause. “Cause” shall mean as defined in the Employment Agreement. 

4.3 Effective Date. “Effective Date” shall mean June 30, 2014. 

 4.4 Employment Agreement. “Employment Agreement” shall mean that certain
Employment Agreement dated as of August 28, 2019 between the Participant and the Company, as may be amended from time to time. 
 4.5
Good Reason. “Good Reason” shall mean as defined in the Employment Agreement. 
 4.6 Liquidity Event. “Liquidity
Event” shall mean either (a) the consummation of the sale, transfer, conveyance or other disposition in one or a series of transactions, of the equity securities of the Company or its successor held, directly or indirectly, by all of the
Principal Stockholders in exchange for cash , or in the case of any transaction resulting in the exchange for consideration other than cash (“non-cash consideration”) the receipt of cash upon the
disposition of such non-cash consideration, such that immediately following such transaction or disposition (or series of transactions or dispositions), the equity securities of the Company or its successor
held, directly or indirectly, by all of the Principal Stockholders and any Affiliate of any Principal Stockholders is, in the aggregate, less than 50% of the equity securities of the Company or its successor (as such securities may be adjusted for
the occurrence of a corporate event) held, directly or indirectly, by all of the Principal Stockholders and any Affiliate of any Principal Stockholders as of the Effective Date; or (b) the consummation of the sale, lease, transfer, conveyance
or other disposition (other than by way of merger, equity purchase or consolidation), in one or a series of transactions, of all or substantially all of the assets of the Company, or the Company and its subsidiaries taken as a whole, to any
“person” (as such term is defined in Section 13(d)(3) of the Exchange Act) other than to any Principal Stockholders or an Affiliate of any Principal Stockholders. 

* * * * *

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