Document:

exv10w4

 

Exhibit 10.4

WESTMORELAND COAL COMPANY

Restricted Stock Agreement

Granted under the 2007 Equity Incentive Plan for Employees and Non-Employee Directors

	 	 	 	 	 
	Name of Recipient:
	 	 
	 	 
	Number of shares of restricted
common stock awarded:

	 	 

	 	 
	Grant Date:

	 	 

	 	 
	 

	 	 

	 	 

     Westmoreland Coal Company (the “Company”) has selected you to receive the restricted
stock award described above, which is subject to the provisions of the Company’s 2007 Equity
Incentive Plan for Employees and Non-Employee Directors (the “Plan”) and the terms and
conditions contained in this Restricted Stock Agreement. Please confirm your acceptance of this
restricted stock award and of the terms and conditions of this Agreement by signing a copy of this
Agreement where indicated below.

	 	 	 	 	 
	 	WESTMORELAND COAL COMPANY

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Accepted and Agreed:

   
                                                                             

Name:

 

 

WESTMORELAND COAL COMPANY

Restricted Stock Agreement

Granted under the 2007 Equity Incentive Plan for Employees and Non-Employee Directors

     The terms and conditions of the award of shares of restricted common stock of the Company (the
“Restricted Shares”) made to the Recipient, as set forth on the cover page of this
Agreement, are as follows:

     1. Issuance of Restricted Shares.

          (a) The Restricted Shares are issued to the Recipient, effective as of the Grant Date (as set
forth on the cover page of this Agreement), in consideration of [Recipient’s acceptance of
employment with the Company and of services to be rendered][employment services rendered and to be
rendered] by the Recipient to the Company.

          (b) As promptly as practicable following the Grant Date, the Company shall issue one or more
certificates in the name of the Recipient for the Restricted Shares. Such certificate(s) shall
initially be held on behalf of the Recipient by the Secretary of the Company. Following the
vesting of any Restricted Shares pursuant to Section 2 below, the Secretary shall, if
requested by the Recipient, deliver to the Recipient a certificate representing the vested
Restricted Shares. The Recipient agrees that the Restricted Shares shall be subject to the
forfeiture provisions set forth in Section 3 of this Agreement and the restrictions on
transfer set forth in Section 4 of this Agreement.

     2. Vesting.

          (a) Vesting Schedule. Unless otherwise provided in this Agreement or the Plan, the
Restricted Shares shall vest in accordance with the following vesting schedule: ___% of the total
number of Restricted Shares shall vest on the [first anniversary] of the Grant Date and ___% of the
total number of Restricted Shares shall vest at the end of each
successive ___ period following
the [first anniversary] of the Grant Date, through and
including the ___ anniversary of the Grant
Date. Any fractional number of Restricted Shares resulting from the application of the foregoing
percentages shall be rounded down to the nearest whole number of Restricted Shares.

          (b) Acceleration of Vesting. Notwithstanding the foregoing vesting schedule, all
unvested Restricted Shares shall vest effective immediately prior to (i) a Change in Control Event
(as defined in the Plan) or (ii) the death, Disability (as defined below) or Qualifying Retirement
(as defined below) of the Recipient.

          (c) Definitions. For purposes of this Agreement:

               (i) “Disability” means: (A) if the Recipient’s employment with the Company is subject
to the terms of an employment agreement between the Recipient and the Company, which employment
agreement includes a definition of “Disability”, the term

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“Disability” as used in this Agreement shall have the meaning set forth in such employment
agreement during the period that such employment agreement remains in effect; (B) in the absence of
such an agreement, the term “Disability” as used in the Company’s long-term disability plan, if
any; or (C) if neither clause (A) nor clause (B) is applicable, a physical or mental infirmity
which impairs the Recipient’s ability to substantially perform his or her duties for a period of
180 consecutive days.

               (ii) A “Qualifying Retirement” means retirement by the Recipient after satisfaction of
the conditions in either clause (A) or clause (B): (A) the Recipient has both (1) attained
the age of 55 and (2) completed at least ten years of employment with the Company; or (B)
the sum of the Recipient’s age plus the number of years he or she has been employed by the Company
equals or exceeds 75 years.

     3. Forfeiture of Unvested Restricted Shares Upon Employment Termination.

     In the event that the Recipient ceases to be employed by the Company for any reason or no
reason, with or without cause (except as provided in Section 2(b) above), all of the
Restricted Shares that are unvested as of the time of such employment termination shall be
forfeited immediately and automatically to the Company, without the payment of any consideration to
the Recipient, effective as of such termination of employment. The Recipient hereby authorizes the
Company to take any actions necessary or appropriate to cancel any certificate(s) representing
forfeited Restricted Shares and transfer ownership of such forfeited Restricted Shares to the
Company; and if the Company or its transfer agent requires an executed stock power or similar
confirmatory instrument in connection with such cancellation and transfer, the Recipient shall
promptly execute and deliver the same to the Company. The Recipient shall have no further rights
with respect to any Restricted Shares that are so forfeited. If the Recipient is employed by a
subsidiary of the Company, any references in this Agreement to employment with the Company shall
instead be deemed to refer to employment with such subsidiary.

     4. Restrictions on Transfer.

     The Recipient shall not sell, assign, transfer, pledge, hypothecate or otherwise dispose of,
by operation of law or otherwise (collectively “transfer”) any Restricted Shares, or any
interest therein, until such Restricted Shares have vested, except that the Recipient may transfer
such Restricted Shares: to or for the benefit of any spouse, parents, children, step-children,
grandchildren, legal dependents and any other relatives approved by the Compensation and Benefits
Committee (collectively, “Approved Relatives”) or to a trust established solely for the
benefit of the Recipient and/or Approved Relatives, provided that such Restricted Shares
shall remain subject to this Agreement (including without limitation the forfeiture provisions set
forth in Section 3 and the restrictions on transfer set forth in this Section 4)
and such permitted transferee shall, as a condition to such transfer, deliver to the Company a
written instrument confirming that such transferee shall be bound by all of the terms and
conditions of this Agreement. The Company shall not be required (i) to transfer on its books any
of the Restricted Shares which have been transferred in violation of any of the provisions of this
Agreement or (ii) to treat as owner of such Restricted Shares or to pay dividends to any transferee
to whom such Restricted Shares have been transferred in violation of any of the provisions of this
Agreement.

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     5. Restrictive Legends.

     All certificates representing Restricted Shares shall have affixed thereto a legend in
substantially the following form, in addition to any other legends that may be required under
applicable law:

“These shares of stock are subject to forfeiture provisions and
restrictions on transfer set forth in a certain Restricted Stock
Agreement between the corporation and the registered owner of these
shares (or his or her predecessor in interest), and such Agreement
is available for inspection without charge at the office of the
Secretary of the corporation.”

     6. Rights as a Shareholder. Except as otherwise provided in this Agreement, for so
long as the Recipient is the registered owner of the Restricted Shares, the Recipient shall (i)
have the right to vote the Restricted Shares and act in respect of the Restricted Shares at any
meeting of shareholders and (ii) be entitled to all ordinary cash dividends paid with respect to
the Restricted Shares. If any dividends or distributions are paid in shares, or consist of a
dividend or distribution to holders of Common Stock other than an ordinary cash dividend, the
shares, cash or other property will be subject to the same restrictions on transferability and
forfeitability as the shares of Restricted Stock with respect to which they were paid.

     7. Provisions of the Plan.

     This Agreement is subject to the provisions of the Plan, a copy of which is furnished to the
Recipient with this Agreement.

     8. Tax Matters.

          (a) Acknowledgments; Section 83(b) Election. The Recipient acknowledges that he or
she is responsible obtaining the advice of the Recipient’s own tax advisors with respect to the
acquisition of the Restricted Shares and the Recipient is relying solely on such advisors and not
on any statements or representations of the Company or any of its agents with respect to the tax
consequences relating to the Restricted Shares. The Recipient understands that the Recipient (and
not the Company) shall be responsible for the Recipient’s tax liability that may arise in
connection with the acquisition, vesting and/or disposition of the Restricted Shares. The
Recipient acknowledges that he or she has been informed of the availability of making an election
under Section 83(b) of the Internal Revenue Code, as amended, with respect to the issuance of the
Restricted Shares and that the Recipient has decided not to file a Section 83(b) election.

          (b) Withholding. The Recipient acknowledges and agrees that the Company has the right
to deduct from payments of any kind otherwise due to the Recipient any federal, state, local or
other taxes of any kind required by law to be withheld with respect to the vesting of the
Restricted Shares. On each date on which Restricted Shares vest, the Company shall deliver written
notice to the Recipient of the amount of withholding taxes due with respect to the vesting of the
Restricted Shares that vest on such date; provided, however, that the total tax withholding cannot
exceed the Company’s minimum statutory withholding obligations (based on

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minimum statutory withholding rates for federal and state tax purposes, including payroll
taxes, that are applicable to such supplemental taxable income). The Recipient shall satisfy such
tax withholding obligations by making a cash payment to the Company on the date of vesting of the
Restricted Shares, in the amount of the Company’s withholding obligation in connection with the
vesting of such Restricted Shares. The Recipient may, if the Compensation and Benefits Committee
so approves in writing in advance of the applicable vesting date, satisfy such tax withholding
obligations by transferring to the Company, on each date on which Restricted Shares vest under this
Agreement, such number of Restricted Shares that vest on such date as have a fair market value
(calculated using the last reported sale price of the common stock of the Company on the American
Stock Exchange on the trading date immediately prior to such vesting date) equal to the amount of
the Company’s tax withholding obligation in connection with the vesting of such Restricted Shares.
To effect such delivery of Restricted Shares, the Recipient hereby authorizes the Company to take
any actions necessary or appropriate to cancel any certificate(s) representing such Restricted
Shares and transfer ownership of such Restricted Shares to the Company; and if the Company or its
transfer agent requires an executed stock power or similar confirmatory instrument in connection
with such cancellation and transfer, the Recipient shall promptly execute and deliver the same to
the Company.

     9. Miscellaneous.

          (a) Authority of Compensation and Benefits Committee. In making any decisions or
taking any actions with respect to the matters covered by this Agreement, the Compensation and
Benefits Committee shall have all of the authority and discretion, and shall be subject to all of
the protections, provided for in the Plan. All decisions and actions by the Compensation and
Benefits Committee with respect to this Agreement shall be made in the Compensation and Benefits
Committee’s discretion and shall be final and binding on the Recipient.

          (b) No Right to Continued Employment. The Recipient acknowledges and agrees that,
notwithstanding the fact that the vesting of the Restricted Shares is contingent upon his or her
continued employment by the Company, this Agreement does not constitute an express or implied
promise of continued employment or confer upon the Recipient any rights with respect to continued
employment by the Company.

          (c) Governing Law. This Agreement shall be construed, interpreted and enforced in
accordance with the internal laws of the State of Delaware without regard to any applicable
conflicts of laws provisions.

          (d) Recipient’s Acknowledgments. The Recipient acknowledges that he or she has read
this Agreement, has received and read the Plan, and understands the terms and conditions of this
Agreement and the Plan.

5exv10w2

 

Exhibit 10.2

JUNIPER NETWORKS, INC.

2006 EQUITY INCENTIVE PLAN

STOCK OPTION AGREEMENT — INDIA

     Unless otherwise defined herein, the terms defined in the Juniper Networks, Inc. 2006 Equity
Incentive Plan (the “Plan”) shall have the same defined meanings in this Stock Option Agreement
(the “Option Agreement”).

I. NOTICE OF GRANT

     [Optionee’s Name and Address]

     You have been granted an option to purchase Common Stock of the Company, subject to the terms
and conditions of the Plan and this Option Agreement, as follows:

	 	 	 	 	 
	Grant Number
	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 
	Grant Date
	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 
	Vesting Commencement Date
	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 
	Exercise Price per Share

	 	$	 	 
	 	 	   	 	 
	 
	 	 	 	 
	Total Number of Shares Granted
	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 
	Total Exercise Price

	 	$	 	 
	 	 	 	 	 
	 
	 	 	 	 
	Type of Option:	 	Nonstatutory Stock Option	 	 
	 
	 	 	 	 
	Term/Expiration Date:	 	7 Years From the Grant Date	 	 
	 
	 	 	 	 
	Vesting Schedule:
	 	 	 	 

     Subject to accelerated vesting as set forth in duly authorized written agreements by and
between Optionee and the Company, this Option may be exercised, in whole or in part, in accordance
with the following schedule:

     25% of the Shares subject to the Option shall vest twelve months after the Vesting
Commencement Date, and 1/48 of the Shares subject to the Option shall vest each month thereafter,
subject to the Optionee remaining a Service Provider on such dates.

 

 

II. AGREEMENT

     1. Grant of Option.

     The Board hereby grants to the Optionee (the “Optionee”) named in the Notice of Grant section
of this Agreement (the “Notice of Grant”), an option (the “Option”) to purchase the number of
Shares set forth in the Notice of Grant, at the exercise price per share set forth in the Notice of
Grant (the “Exercise Price”), subject to the terms and conditions of the Plan (which is
incorporated herein by reference) and this Option Agreement. In the event of a conflict between
the terms and conditions of the Plan and the terms and conditions of this Option Agreement, the
terms and conditions of the Plan shall prevail.

     2. Exercise of Option.

          (a) Right to Exercise. This Option is exercisable during its term in accordance with
the Vesting Schedule set out in the Notice of Grant and the applicable provisions of the Plan and
this Option Agreement, subject to Optionee’s remaining a Service Provider on each vesting date.

          (b) Post-Termination Exercise Period. Subject to any extended post-termination
exercise period set forth in duly authorized written agreements by and between Optionee and the
Company, if Optionee ceases to be a Service Provider, then this Option may be exercised, but only
to the extent vested on the date of such cessation as a Service Provider, until the earlier of (i)
ninety days after the date upon which Optionee ceases to be a Service Provider, or (ii) the
original seven-year Option term.

          (c) Method of Exercise. This option may be exercised with respect to all or any part
of any vested Shares by giving the Company, E*Trade OptionsLink, or any successor third-party stock
option plan administrator designated by the Company written or electronic notice of such exercise,
in the form designated by the Company or the Company’s designated third-party stock option plan
administrator, specifying the number of shares as to which this option is exercised and accompanied
by payment of the aggregate Exercise Price as to all exercised shares.

     This Option shall be deemed to be exercised upon receipt by the Company, E*Trade OptionsLink
or any successor third-party stock option plan administrator designated by the Company of such
fully executed exercise notice accompanied by such aggregate Exercise Price.

     No Shares shall be issued pursuant to the exercise of this Option unless such issuance and
exercise complies with applicable laws. Assuming such compliance, for income tax purposes the
exercised shares shall be considered transferred to the Optionee on the date the Option is
exercised with respect to such exercised shares.

          (d) Payment of Exercise Price. Payment of the aggregate exercise price shall be by
any of the following, or a combination thereof, at the election of the Optionee:

               (i) cash; or

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               (ii) check; or

               (iii) delivery of a properly executed exercise notice together with such other documentation
as the Administrator and a broker, if applicable, shall require to effect an exercise of the Option
and delivery to the Company of the sale proceeds required to pay the exercise price.

     3. Non-Transferability of Option.

     This Option may not be transferred in any manner otherwise than by will or by the laws of
descent or distribution and may be exercised during the lifetime of Optionee only by the Optionee.
The terms of the Plan and this Option Agreement shall be binding upon the executors,
administrators, heirs, successors and assigns of the Optionee.

     4. Term of Option.

     This Option may be exercised only within the term set out in the Notice of Grant, and may be
exercised during such term only in accordance with the Plan and the terms of this Option Agreement.

     5. Fringe Benefit Tax. 

     Except as otherwise determined by the Administrator, Optionee agrees to reimburse or pay the
Company (or its Subsidiaries, as directed by the Subsidiary) in full, any liability that the
Company or its Subsidiary incurs towards any fringe benefit tax (“FBT”), social tax, or other tax
paid or payable in respect of the grant, vesting, delivery, or exercise of the Option or the
allotment/transfer of underlying Shares, within the time and in the manner prescribed by the
Company or its Subsidiary. The Administrator may in its sole discretion determine whether the FBT
with respect to the Option or its underlying Shares will be paid by selling a portion of vested
Shares or by direct payment from the Optionee to the Company, by withholding cash proceeds from
sale to a third party or a number of Shares upon exercise with a Fair Market Value equal to the FBT
liability, some other method, or by some combination thereof. Optionee agrees to execute any
additional documents requested by the Company or its Subsidiary for the reimbursement of such taxes
to the Company.

     The Optionee grants to the Company and its Subsidiary the irrevocable authority, as agents of
Optionee and on his or her behalf, to sell, retain or procure the sale of sufficient Shares subject
to the Option so that the net proceeds receivable by the Company or its Subsidiary are as far as
possible equal to but not less than the amount of any tax the Optionee is liable for (including FBT
reimbursement obligations pursuant to the preceding paragraph) and the Company or its Subsidiary
shall remit any balance to Optionee.

     Optionee acknowledges and agrees that the Company may refuse to deliver Shares upon exercise
of the Option if Optionee has not made appropriate arrangements with the Company or its Indian
Subsidiary to satisfy the FBT.

     6. Withholding. Optionee acknowledges that the ultimate liability for all income tax,

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social insurance, payroll tax or other tax-related withholding legally due by the Optionee
(“Tax-Related Items”) are, and remain, the Optionee’s responsibility and that the Company and its
Indian Subsidiary (1) make no representations regarding the treatment of any Tax-Related Items in
connection with the Option, including the grant, vesting or exercise of the Option, the subsequent
sale of Shares acquired pursuant to the Option and the receipt of any dividends; and (2) do not
commit to structure the Option to reduce or eliminate the Optionee’s liability for Tax-Related
Items.

     Prior to the exercise of the Option, the Optionee agrees to make adequate arrangements
satisfactory to the Company and its Indian Subsidiary to satisfy all Tax-Related Items. In this
regard, the Optionee authorizes the Company and its Indian Subsidiary to withhold all applicable
Tax-Related Items legally payable by the Optionee from his or her wages, or other cash compensation
paid by the Company or its Indian Subsidiary or from proceeds from the sale of the Shares.
Alternatively, or in addition, if permissible under Applicable Laws, the Company may (1) sell or
arrange for the sale of Shares exercised under the Option to satisfy the withholding obligation for
Tax-Related Items, and/or (2) withhold in Shares, provided that the Company only withholds the
amount of Shares with a Fair Market Value equal to the minimum amount necessary to satisfy the
Tax-Related Items. The Company may refuse to deliver the Shares if Optionee fails to comply with
his or her obligations under this Section 6.

     7. Data Privacy.

     By accepting this Stock Option Agreement or any Shares upon exercise hereof, Optionee
explicitly and unambiguously consents to the collection, use and transfer, in electronic or other
form, of Optionee’s personal data as described in this document by and among, as applicable, the
Company, its Subsidiaries and affiliates for the exclusive purpose of implementing, administering
and managing Optionee’s participation in the Plan. For the purpose of implementing, administering
and managing the Plan, Optionee understands that the Company holds certain personal information
about Optionee, including, but not limited to, Optionee’s name, home address and telephone number,
date of birth, Tax ID or other identification number, salary, nationality, job title, any equity or
directorships held in the Company, details of all equity awards or any entitlement to Shares
awarded, canceled, exercised, vested, unvested or outstanding in Optionee’s favor, for the purpose
of implementing, administering and managing the Plan (“Data”). Optionee understands that Data may
be transferred to any third parties assisting in the implementation, administration and management
of the Plan, that these recipients may be located in Optionee’s country or elsewhere. The Company,
as a global company, may transfer Optionee’s personal data to countries that may not provide an
adequate level of protection. The Company, however, is committed to providing a suitable and
consistent level of protection for Optionee’s personal data regardless of the country in which it
resides. Optionee understands that Optionee may request information regarding the Company’s stock
plan administration by contacting Stock Plan Administration or their designee. Optionee authorizes
the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form,
for the purposes of implementing, administering and managing Optionee’s participation in the Plan,
including any requisite transfer of such Data as may be required to a broker or other third party
with whom Optionee deposits any Shares issued at exercise of an option. Optionee understands that
Data will be held as long as is necessary to implement, administer and manage the Plan. Optionee
understands that Optionee may, at any time, view Data, request additional information about the
storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the

4

 

consents herein, in any case without cost, by contacting in writing Stock Plan Administration.
Optionee understands, however, that refusing or withdrawing Optionee’s consent may affect
Optionee’s ability to participate in the Plan. For more information on the consequences of
Optionee’s refusal to consent or withdrawal of consent, Optionee understands that he or she may
contact Stock Plan Administration or their designee.

     8. Electronic Delivery.

     The Company may, in its sole discretion, decide to deliver any documents related to the Option
or issuance of Shares and participation in the Plan or future Stock Option Agreements that may be
awarded under the Plan by electronic means or to request Optionee’s consent to participate in the
Plan by electronic means. Optionee hereby consents to receive such documents by electronic
delivery and, if requested, to agree to participate in the Plan through an on-line or electronic
system established and maintained by the Company or another third party designated by the Company.

     9. No Entitlement. 

     Optionee’s employment with the Company or its Indian Subsidiary is not affected at all by any
grant and it is agreed by the Optionee not to create an entitlement and will not be included in the
Optionee’s entitlement at common law for damages during any reasonable notice period. Accordingly,
the terms of the Optionee’s employment with the Company or its Indian Subsidiary will be determined
from time to time by the Company or the Indian Subsidiary employing the Optionee (as the case may
be), and the Company or the Indian Subsidiary will have the right, which is hereby expressly
reserved, to terminate or change the terms of the employment of the Optionee at any time for any
reason whatsoever, with or without good cause or notice, and to determine when Optionee is no
longer providing ongoing service to the Company or its Indian Subsidiary for purposes of
administering Optionee’s Option, except as may be expressly prohibited by applicable law.

     10. Entire Agreement; Governing Law.

     The Plan is incorporated herein by reference. The Plan and this Option 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 Company and Optionee with respect to
the subject matter hereof, and may not be modified adversely to the Optionee’s interest except by
means of a writing signed by the Company and Optionee. This agreement is governed by the internal
substantive laws, but not the choice of law rules, of California.

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     Optionee has reviewed the Plan and this Option Agreement in their entirety, has had an
opportunity to obtain the advice of counsel prior to accepting this Agreement and fully understands
all provisions of the Plan and this Option Agreement. Optionee hereby agrees to accept as binding,
conclusive and final all decisions or interpretations of the Administrator upon any questions
relating to the Plan and Option Agreement.

     By Optionee’s acknowledgement and acceptance of the terms of this Agreement (whether by
electronic acknowledgment and acceptance of this Agreement or by signature below), Optionee and
the Company agree that this Option is granted under and governed by the terms and conditions of the
Plan and this Option Agreement.

	 	 	 	 	 	 	 
	OPTIONEE

	 	 	 	JUNIPER NETWORKS, INC.	 	 
	 
	 	 	 	 	 	 
	 

Signature

	 	 	 	 

By
	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	Print Name

	 	 	 	Print Name	 	 

6

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