Document:

Exhibit
10.5

 

3COM
CORPORATION

 

2003
STOCK PLAN

 

RESTRICTED
STOCK GRANT

 

STOCK
GRANT AGREEMENT – STANDARD 4-YEAR VESTING

 

THIS STOCK GRANT AGREEMENT (the “Award Agreement”) is
made on  <<date>>, by and
between 3Com Corporation (the “Company”), and <<recipient>> (the “Participant”).

 

The Company desires to issue and the Participant
desires to acquire shares of the Common Stock as herein described, pursuant to
the Company’s 2003 Stock Plan (the “Plan”), on the terms and conditions set
forth in this Award Agreement and the Plan, which is incorporated herein by
reference.  Unless otherwise defined
herein, capitalized terms shall have the meaning given to them in the Plan.

 

IT IS AGREED between the parties as follows:

 

1.             Issuance
of Shares.  On the effective date of
this Award Agreement as set forth above (the “Grant Date”), the Company shall
issue to Participant, subject to the provisions hereof and the Plan, <<insert number>> shares of Common
Stock (the “Shares”) in consideration for the Participant’s past service with
the Company.

 

No Shares shall be issued
pursuant to this Award Agreement if the issuance and delivery of such Shares
would constitute a violation of any applicable federal or state securities law
or other law or regulation, or would fail to satisfy the requirements of any
stock exchange upon which the Shares may then be listed.  As a condition to the issuance and delivery
of the Shares, the Company may require the Participant to satisfy any
qualifications that may be necessary or appropriate, to evidence compliance
with any applicable law or regulation and to make any representation or
warranty with respect thereto as may be requested by the Company.

 

2.             Administration.  All questions of interpretation concerning
this Award Agreement shall be determined by the Administrator.  All determinations by the Administrator shall
be final and binding upon all persons having an interest in this Award
Agreement.

 

3.             Vesting
and Unvested Share Reacquisition Right.

 

(a)           Vesting.  Provided the Participant remains a Service
Provider through each vesting date, the Shares shall become “Vested Shares” for
purposes of this Award Agreement in four (4) equal annual installments,
commencing on the one (1) year anniversary of the Grant Date.

 

(b)           Unvested
Share Reacquisition Right.  In the
event the Participant’s Service Provider relationship with the Company is
terminated for any reason, with or without cause, the Company shall
automatically reacquire Shares that are not then Vested Shares (the “Unvested
Shares”) and the Participant shall not be entitled to any payment therefore
(the “Unvested Share Reacquisition Right”).

 

1

 

4.             Legends.  The Company may at any time place legends
referencing the Unvested Share Reacquisition Right set forth in Section 3 above
and any applicable federal and/or state securities law restrictions on all
certificates representing Shares subject to the provisions of this Award
Agreement.  The Participant shall, at the
request of the Company, promptly present to the Company any and all
certificates representing Shares acquired under this Award Agreement in the
possession of the participant in order to carry out the provisions of this
Section 4.  Unless otherwise specified by
the Company, legends placed on such certificates may include, but shall not be
limited to, the following:

 

“THE SECURITIES
REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS SET FORTH IN THIS
AWARD AGREEMENT BETWEEN THE CORPORATION AND THE REGISTERED HOLDER, OR SUCH
HOLDER’S PREDECESSOR IN INTEREST, A COPY OF WHICH IS ON FILE AT THE PRINCIPAL
OFFICE OF THE CORPORATION.”

 

5.             Escrow.

 

(a)           Establishment
of Escrow.  To insure that the Shares
subject to the Unvested Share Reacquisition Right will be available for
reacquisition, the Company may require the Participant to deposit the
certificate or certificates evidencing the Unvested Shares with an escrow agent
designated by the Company under the terms and conditions of an escrow agreement
approved by the Company.  If the Company
does not require such deposit as a condition of the issuance of Shares to the
Participant, the Company reserves the right at any time to require the
Participant to so deposit the Unvested Share certificate or certificates in
escrow.  The Company shall bear the
expenses of the escrow.

 

(b)           Delivery
of Shares to Participant.  As soon as
practicable after the expiration of the Unvested Share Reacquisition Right, the
escrow agent shall deliver to the Participant the Shares no longer subject to
such restriction.

 

6.             Transfers
in Violation of Award Agreement.  The
Company shall not be required (a) to transfer on its books any Shares which are
sold or transferred in violation of any of the provisions set forth in this
Award Agreement, or (b) to treat as the owner of the Shares or to accord the
right to vote as such owner or to pay dividends to any transferee to whom the
Shares shall have been so transferred.

 

7.             Rights
as a Stockholder or Employee.  The
Participant shall have no rights as a stockholder with respect to the Shares
until such time the Shares are issued to the Participant in the form of a
certificate or certificates for the Shares. 
Except as provided in Section 14(a) of the Plan, no adjustment shall be
made for dividends or distributions or other rights for which the record date
is prior to the date such certificate or certificates are issued.  Nothing in the Plan or in this Award
Agreement shall confer upon the Participant any right to continue as a Service
Provider or to interfere in any way with any right of the Company to terminate
the Participant’s Service Provider relationship at any time.

 

8.             Further
Instruments.  The parties hereto
agree to execute such further instruments and to take such further action as
may reasonably be necessary to carry out the intent of this Award Agreement.

 

2

 

9.             Notice.  Any notice required or permitted hereunder
shall be given in writing and shall be deemed effectively given upon personal
delivery or upon electronic delivery, or upon delivery by certified mail,
addressed to the other party hereto at the address shown below such party’s
signature or at such other address as such party may designate by ten (10) days
advance written notice to all other parties hereto.

 

10.           Binding
Effect.  This Award Agreement shall
inure to the benefit of the successors and assigns of the Company and, subject
to the restrictions on transfer herein set forth, be binding upon the
Participant and the Participant’s heirs, executors, administrators, successors
and assigns.

 

11.           Withholding.  At the time that this Award Agreement is
executed, or at any time thereafter as determined by the Company, the Company
shall have the right to withhold the applicable minimum withholding taxes,
including but not limited to federal tax, state tax, foreign taxes, or social
taxes, if any, which arise in connection with the acquisition of Shares
pursuant to the Plan, including, without limitation, obligations arising upon
(i) the transfer, in whole or in part, of any Shares, (ii) the lapse of any
restriction with respect to any Shares acquired pursuant to the Plan, or (iii)
the filing of an election to recognize a tax liability.  The Participant authorizes the Company to
withhold from the Participant’s compensation such amounts as may be necessary
to satisfy the minimum applicable tax withholding obligations arising in
connection with the issuance of the Shares pursuant to the Plan.  The Company shall have no obligation to issue
a certificate as to the Shares and/or to release the Shares from escrow until
applicable withholding obligations have been satisfied.

 

12.           Trade
for Taxes (Swap).  Please circle
election below if you wish to trade Shares to satisfy the minimum required tax
withholding determined upon the date of vesting outlined in Section 11
above.  The remaining amount due after
the trade, less than the value of one Share, will be deducted from your cash
compensation.  If you wish to change your
election during the life of the Award Agreement, please contact stock
administration a minimum of thirty (30) days prior to the applicable vesting
date.

 

	
  TRADE SHARES FOR TAXES
  DUE (please circle one):

  	
   

  	
  YES

  	
   

  	
  NO

  

 

If you do not wish to
trade Shares for taxes, select “no” above, you must provide payment to stock
administration within fifteen (15) days from date of vesting.  If payment is not provided within fifteen
(15) days after applicable taxes are due, stock administration will have the
authority and discretion to (i) trade Shares to satisfy such applicable taxes
or (ii) to withhold the entire tax obligation from your compensation.

 

13.           Broker.  Please select one of the following
brokers.  Your Shares will be deposited
directly into your brokerage account when vested and the applicable withholding
obligations have been satisfied.

 

SELECT BROKER (please
circle one):              E*Trade-Retail
Account     Salomon Smith Barney

 

14.           Certificate
Registration.  The certificate or
certificates for the Shares acquired pursuant to this Award Agreement shall be
registered in the name of the Participant.

 

15.           Integrated
Agreement.  This Award Agreement and
the Plan constitute the entire understanding and agreement of the Participant
and the Company with respect to the subject matter contained herein, and there
are no agreements, understandings, restrictions, representations, or warranties
among the Participant and the Company other than those set forth or provided
for herein or therein.

 

3

 

16.           Governing
Law.  This Award Agreement is
governed by the internal substantive laws, but not the choice of law rules, of
California.

 

17.           Data Privacy.  By
entering into this Award Agreement, and as a condition of the grant of the
Shares, the Participant consents to the collection, use and transfer of
personal data as described in this Section. 
The Participant understands that the Company and its subsidiaries hold
certain personal information about the Participant including, but not limited
to, the Participant’s name, home address and telephone number, date of birth, social
security number or equivalent tax identification number, salary, nationality,
job title, any shares of stock or directorships held in the Company, details of
all Shares or other entitlements to Shares awarded, cancelled, exercised,
vested, unvested or outstanding in the Participant’s favour, for the purpose of
managing and administering the Plan (“Data”). 
The Participant further understands that the Company and/or its
subsidiaries will transfer Data amongst themselves as necessary for the
purposes of implementation, administration, and management of the Participant’s
participation in the Plan, and that the Company and/or its subsidiaries may
each further transfer Data to any third parties assisting the Company in the
implementation, administration and management of the Plan (“Data Recipients”).  The Participant understands that these Data
Recipients may be located in the Participant’s country of residence, the
European Economic Area, or elsewhere, such as the United States.  The Participant authorizes the Data
Recipients to receive, possess, use, retain and transfer Data in electronic or
other form, for the purposes of implementing, administering and managing the
Participant’s participation in the Plan, including any transfer of such Data,
as may be required for the administration of the Plan and/or the subsequent
holding of Shares on the Participant’s behalf, to a broker or third party with
whom the Shares acquired upon vest may be deposited.  The Participant understands that he or she
may, at any time, review the Data, require any necessary amendments to it or
withdraw the consent herein in writing by contacting the Company.  The Participant further understands that
withdrawing consent may affect the Participant’s ability to participate in the
Plan.

 

IN WITNESS WHEREOF, the
parties hereto have executed this Award Agreement as of the day and year first
above written.

 

	
  COMPANY:

  	
  3COM CORPORATION

  	
   

  	
  PARTICIPANT:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  	
   

  
						

 

 

	
  Address:

  	
  Restricted Stock Administrator

  	
  Address:

  	
   

  
	
   

  	
  3Com Corporation

  	
   

  	
   

  
	
   

  	
  5403 Betsy Ross Drive, MS 1215

  	
   

  	
   

  
	
   

  	
  Santa
  Clara, CA 95054

  	
   

  	
   

  

 

4Exhibit
4.2

 

GMH COMMUNITIES TRUST

 

EQUITY INCENTIVE PLAN

 

RESTRICTED
COMMON SHARES AWARD AGREEMENT

 

This RESTRICTED COMMON SHARES AWARD, dated as
of                    ,
200   (the “Grant Date”), is delivered by GMH Communities Trust, a
Maryland real estate investment trust (the “Company”), to                                                
(the “Participant”).

 

RECITALS

 

A.                                   The
GMH Communities Trust Equity Incentive Plan (the “Plan”) provides for the award
of restricted common shares of beneficial ownership, par value $0.001 per
share, of the Company (“Common Shares”). 
In connection with the Participant’s appointment to the Company’s Board
of Trustees (the “Board”) as a non-employee Trustee, the Compensation Committee
of the Board (the “Committee”) has approved an award of restricted Common
Shares to the Participant under the Plan as an inducement for the Participant
to promote the best interests of the Company, its owners, and its Affiliates
(as defined in the Plan) and Subsidiaries (as defined in the Plan).  A copy of the Plan is attached.

 

B.                                     The
Committee administers the Plan.

 

NOW, THEREFORE, the parties to this
Agreement, intending to be legally bound, hereby agree as follows:

 

1.                                       Restricted
Common Share Award.  Subject to the
terms, conditions and limitations set forth in this Agreement and the Plan, the
Company hereby grants to the Participant 3,500 Common Shares, subject to the
restrictions set forth below and in the Plan (the “Restricted Common Shares”).  Restricted Common Shares may not be transferred
by the Participant or subjected to any security interest until the Common
Shares have become vested pursuant to this Agreement and the Plan.

 

2.                                       Vesting
and Nonassignability of Restricted Common Shares.

 

(a)                                  Subject
to the acceleration provisions described in subparagraph (b) below and the
limitations described in subparagraph (c) below, the Restricted Common Shares
shall become vested and the restrictions described in subparagraph (d) below
shall lapse according to the following vesting schedule, if the Participant has
not ceased to be a Trustee of the Company from the Grant Date until the
applicable vesting date:

 

 

	
  Vesting Date

  	
   

  	
  Vested Common Shares

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

The vesting of the Restricted Common Shares shall be cumulative, but
shall not exceed 100% of the Common Shares. 
If the foregoing schedule would produce fractional Common Shares,
the number of Common Shares that vest shall be rounded down to the nearest
whole Common Share, provided that the number of Common Shares that shall vest
in the third installment shall be adjusted so that the total number of Common
Shares vesting shall equal 100% of the Restricted Common Shares.

 

(b)                                 Provided
that the requirements described in subparagraph (d) below have been met, the
Restricted Common Shares shall become 100% vested upon the occurrence of any of
the following: (i) a Change of Control (as defined in the Plan) prior to the
date the Participant has ceased to be a Trustee of the Company, (ii) the
Participant has ceased to be a Trustee of the Company on account of his death,
or (iii) the Participant has ceased to be a Trustee of the Company on account
of becoming Permanently Disabled (as defined in the Plan).

 

(c)                                  Except
as provided in subparagraph (b) above, if the Participant ceases to be a
Trustee of the Company for any reason before the Restricted Common Shares are
fully vested, the Common Shares that are not then vested shall be forfeited and
must be immediately returned to the Company.

 

(d)                                 During
the period before the Restricted Common Shares vest (the “Restriction Period”),
the non-vested Restricted Common Shares may not be assigned, transferred,
pledged or otherwise disposed of by the Participant.  Any attempt to assign, transfer, pledge or
otherwise dispose of the Common Shares contrary to the provisions hereof, and
the levy of any execution, attachment or similar process upon the Common
Shares, shall be null, void and without effect; provided, however, that if the
Participant makes such an attempt, the Company may, subject to the terms of the
Plan, terminate this grant by notice to the Participant.

 

3.                                       Issuance
of Certificates.

 

Common Share certificates
representing the Restricted Common Shares may be issued by the Company and held
in escrow by the Company until the Restricted Common Shares vest, or the
Company may hold non-certificated Common Shares until the Restricted Common
Shares vest.

 

When the Participant
obtains a vested right to Restricted Common Shares, a certificate representing
the vested Common Shares may be issued to the Participant, free of the
restrictions under Paragraph 2 of this Agreement, but still subject to any
restrictions or limitations set forth in the Plan or under applicable law or
regulations.

 

The obligation of the
Company to deliver Common Shares upon the vesting of the Restricted Common
Shares shall be subject to all applicable laws, rules and regulations and such
approvals by governmental agencies as may be

 

 

deemed appropriate to comply with relevant securities
laws and regulations.

 

4.                                       Changes
in Common Shares or Assets of the Company, Acquisition or Liquidation of the
Company and other Corporate Events. 
The provisions of Section 12.3 of the Plan applicable to changes in
Common Shares or assets of the Company, the acquisition or liquidation of the
Company or other corporate events, shall apply to this grant, and, in the event
of an occurrence described in Section 12.3 of the Plan, the Committee may
take such actions as it deems appropriate pursuant to the Plan.

 

5.                                       Escrow
Agent.  The Participant acknowledges
that the Company may appoint an escrow holder to retain physical custody of
each certificate or other indicia of ownership of the Restricted Common Shares
until these are vested and restrictions have lapsed.

 

6.                                       Grant
Subject to Plan Provisions.  This
grant is made pursuant to the Plan, the terms of which are incorporated herein
by reference, and in all respects shall be interpreted in accordance with the
Plan.  The grant is subject to
interpretations, regulations and determinations concerning the Plan established
from time to time by the Committee in accordance with the provisions of the
Plan, including, but not limited to, provisions pertaining to (I) rights and
obligations with respect to withholding taxes, (ii) the registration,
qualification or listing of the Common Shares, (iii) changes in capitalization
of the Company, and (iv) other requirements of applicable law.  The Committee shall have the authority to
interpret and construe the grant pursuant to the terms of the Plan, and its
decisions shall be conclusive as to any questions arising hereunder.

 

7.                                       Withholding.  The Participant shall be required to pay to
the Company, or make other arrangements satisfactory to the Company to provide
for the payment of, any federal, state, local or other taxes that the Company
is required to withhold with respect to the grant or vesting of the Restricted
Common Shares.  Subject to Committee
approval, the Participant may elect to satisfy any tax withholding obligation
of the Company with respect to the Restricted Common Shares by having Common
Shares withheld up to an amount that does not exceed the minimum applicable
withholding tax rate for federal (including FICA), state, local and other tax
liabilities.

 

8.                                       No
Employment or Other Rights.  This
grant shall not confer upon the Participant any right to be retained by or in
the employ or service of the Company and shall not interfere in any way with
the right of the Company to terminate the Participant’s employment or service
at any time.  Subject to the terms of any
Employment Agreement entered into by the Participant and the Company, the right
of the Company to terminate at will the Participant’s employment or service at
any time for any reason is specifically reserved.

 

9.                                       Owner
Rights.  The Participant shall have
all of the rights and privileges of an owner of the Company with respect to the
Restricted Common Shares, except that the Participant shall not have the right
to sell or transfer such shares of Restricted Common Shares until such time as
the Restriction Period lapses. With respect to the right to receive dividends
and distributions, during the Restriction Period, the Participant shall receive
any dividends and other distributions paid or made with respect to the Common
Shares.  In
the event of a dividend or distribution payable in Common Shares or other
property (other than cash) or a reclassification, split up or similar event
during the Restriction Period, the Common Shares or other property (other than
cash) issued or

 

 

declared with respect to the non-vested Restricted Common Shares shall
be subject to the same terms and conditions relating to vesting as the Common
Shares to which they relate.  Any dividends or distributions
payable in cash with respect to the Common Shares shall be paid directly to the
Participant and shall not be subject to any restrictions, regardless of whether
the underlying Common Shares have vested.

 

10.                                 Section 83(b)
Election.  The Participant agrees
that he shall give notice to the Company, in writing, as to whether he has made
an election pursuant to section 83(b) of the Internal Revenue Code of
1986, as amended, with respect to this grant, within twenty (20) days of making
such an election.  The Participant
acknowledges that he shall be solely responsible for any and all tax
liabilities incurred by him in connection with his receipt of the Restricted
Common Shares or that are attributable to his making of failing to make such an
election.

 

11.                                 Assignment
by Company.  The rights and
protections of the Company hereunder shall extend to any successors or assigns
of the Company and to the Company’s parents, Subsidiaries, and Affiliates.  This Agreement may be assigned by the Company
without the Participant’s consent.

 

12.                                 Applicable
Law.  The validity, construction,
interpretation and effect of this instrument shall be governed by and construed
in accordance with the laws of the State of Maryland without giving effect to
the conflicts of laws provisions thereof.

 

13.                                 Notice.  Any notice to the Company provided for in
this instrument shall be addressed to the Company in care of the Compensation
Committee of the Board of Trustees at the Company’s headquarters, and any
notice to the Participant shall be addressed to such Participant at the current
address shown on the payroll of the Company, or to such other address as the
Participant may designate to the Company in writing.  Any notice shall be delivered by hand, sent
by telecopy or enclosed in a properly sealed envelope addressed as stated
above, registered and deposited, postage prepaid, in a post office regularly
maintained by the United States Postal Service.

 

14.                                 No
Personal Liability.  The Participant
agrees that no member of the Committee or executive of the Company shall be
personally liable for any actions taken or not taken in good faith in
connection with the Plan.

 

IN WITNESS WHEREOF, the Company has caused
its duly authorized officers to execute and attest this instrument, and the
Participant has placed his or her signature hereon, effective as of the Grant
Date.

 

	
  Attest:

  	
  GMH COMMUNITIES TRUST

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
				

 

 

I hereby accept the grant of Restricted Common Shares described in this
Agreement, and I agree to be bound by the terms of the Plan and this
Agreement.  I hereby further agree that
all of the decisions and determinations of the Committee shall be final and
binding.

 

 

	
   

  	
   

  
	
   

  	
  Participant

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Date

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