Document:

Form of Non-Executive Director Stock Option Agreement

 Exhibit 10.35 
  
 NON-QUALIFIED STOCK OPTION AGREEMENT 
  
 This Non-Qualified Stock Option Agreement (“Option Agreement”) entered into as of <Date>, by
and between GETTY IMAGES, INC., a Delaware corporation (the “Company”), and                      (the
“Participant”), a member of the Board of Directors of the Company. 
  
 1. Option Agreement Pursuant to Plan. This Option Agreement is entered into pursuant to the 1998 Getty Images Stock Incentive Plan (the “Plan”), is subject to and incorporates herein the
provisions of the Plan. The provisions of this Option Agreement are qualified in their entirety by reference to the Plan and in the event of a conflict between the provisions of this Option Agreement and the provisions of the Plan, the provisions of
the Plan shall control. Capitalized terms used in this Option Agreement shall have the same meanings given to them in the Plan, unless otherwise indicated in this Option Agreement. 
  
 2. Grant of Option. The Company hereby grants to the Participant an option (“Option”) to purchase
all or any part of an aggregate of <number> shares (the “Optioned Shares”) of the Company’s Common Stock, on the terms and conditions set forth herein. The Option is not, and is not intended to meet the
requirements for, an incentive stock option within the meaning of Section 422 of the Code. 
  
 3. Exercise Price. The exercise price for the purchase of the Optioned Shares purchasable upon exercise of the Option shall be <price> for each of the Optioned Shares. 
  
 4. Term and Vesting of Option. 
  
 (a) Term. The term of the Option shall commence on
<date>, (the “Grant Date”) and terminate <date> (the “Expiration Date”), or on such earlier date as provided hereinafter. In no event shall the term of the Option be longer than ten (10)
years and one (1) day from the Grant Date. The vested portion of the Option shall be exercisable as to any part or all of the aggregate number of Optioned Shares, as provided below. 
  
 (b) Vesting of Option. The Option is fully vested and exercisable as of the date of grant. 
  
 5. Time and Method for Exercising the Option. 
  
 (a) Time. The Participant may exercise the vested portion of the
Option in one or more installments from time to time prior to the Expiration Date. Exercisability is cumulative, and after the Option becomes exercisable as to any portion of the Optioned Shares, it shall continue to be exercisable with respect to
that portion of the Optioned Shares until the Option expires. 
  
 (b) Termination of Services. 
  
 (1) Termination of Status as Director. If the Participant shall cease to be a director for any reason other than permanent or total disability (within the meaning of Section 22(e)(3) of the Code, as determined in the sole discretion
of the Committee), retirement, death or a termination by the Company for Cause, the Option shall automatically terminate ninety (90) days following the date he/she ceases to be a director. Prior to such termination of the Option, the Participant may
exercise the Option to the extent that the Option was vested as of the termination date; provided, however, that no Option shall be exercised after the Expiration Date. 
  
 (2) Disability. In the event of the permanent and total disability (within the meaning of Section
22(e)(3) of the Code, as determined in the sole discretion of the Committee) of the Participant who is at the time of commencement of such disability, or was within the 90-day period prior thereto, a director and who was continuously providing
services as such from the Grant Date until the date of disability or termination, the Option may be exercised at any time within one (1) year following the date of disability, but only to the extent that the Option was vested at the time of the
termination or disability, whichever comes first; provided, however, that no Option shall be exercised after the Expiration Date. 
  
  

 (3) Retirement. In the event of the retirement of the Participant who is at the
time of such retirement, or was within the 90-day period prior thereto, a director and who was continuously providing services as such from the Grant Date until the date of the retirement, then the Option may be exercised by the Participant at any
time within ninety (90) days following the retirement date, but only to the extent that the Option was vested at the time of the retirement; provided, however, that no Option shall be exercised after the Expiration Date. 
  
 (4) Death. In the event of the death of the
Participant who at the time of his/her death is, or was within the 30-day period immediately prior thereto, a director and who was continuously providing services as such from Grant Date until the date of death, the Option may be exercised for a
period of up to one (1) year following the date of death, at any time prior to the expiration of the Term, by the Participant or, if applicable, the Participant’s estate or by a person who acquired the right to exercise the Option by bequest,
inheritance or otherwise as a result of the Participant’s death, but only to the extent that the Option was vested at the time of death; provided, however, that no Option shall be exercised after the Expiration Date. 

 
 (5) Termination for Cause. In the event of the
termination of the Participant for Cause (as determined by the Committee), the Option shall immediately lapse as of the date of the Participant’s termination and shall no longer be exercisable. 
  
 (c) Method. 
  
 (1) Notice and Payment. An Option shall be deemed to
be exercised when written notice of such exercise has been given to the Company in accordance with the terms of the Option by the person entitled to exercise the Option and full payment for the shares of Common Stock with respect to which the Option
is exercised has been received by the Company. The consideration to be paid for the Common Stock to be issued upon exercise of an Option shall be payment in cash, by check, or with shares of the Company’s Common Stock, as provided in Section
5(c) below. As soon as administratively practicable following the exercise of an Option in the manner set forth above, the Company shall issue or cause its transfer agent to issue stock certificates representing the shares of Common Stock purchased
(as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company). 
  
 (2) Exercise of Option With Stock or Net of Exercise Price. A Participant may elect to exercise an Option in whole or in part by
(i) delivering whole shares of the Company’s Common Stock previously owned by such Participant (whether or not acquired through the prior exercise of a stock option) having a fair market value equal to the aggregate Option price; or (ii)
directing the Company to withhold from the shares that would otherwise be issued upon exercise of the Option that number of whole shares having a fair market value equal to the aggregate Option price. Shares of the Company’s Common Stock so
delivered or withheld shall be valued at their fair market value at the close of the last business day immediately preceding the date of exercise of the Option. Any balance of the aggregate Option price shall be paid in cash. 
  
 (3) Voting and Dividend Rights. Until the issuance of
such stock certificates (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a stockholder shall exist with respect to
the Optioned Shares notwithstanding the exercise of the Option. No adjustment will be made for a dividend or other rights for which the record date occurs prior to the date the stock certificates are issued. 

 6. Non-Transferability. The Option may not be sold, pledged, assigned, hypothecated, transferred
or disposed of in any manner other than by will or by the laws of descent and distribution or pursuant to a “qualified domestic relations order,” as defined in the Code and the rules and regulations promulgated thereunder, and may be
exercised, during the lifetime of the Participant, only by the Participant. Notwithstanding the preceding sentence, the Participant, with the approval of the Committee, may transfer the Option for no consideration to or for the benefit of the
Participant’s immediate family (including, without limitation, to a trust for the benefit of the Participant’s immediate family or to a partnership or limited liability company for one or more members of the Participant’s immediate
family), subject to such limits as the Committee may establish. The Participant may designate a beneficiary who may (i) exercise an Option under Section 5(b)(4) above, or (ii) receive shares of Common Stock issued pursuant to the exercise of an
Option where the death of the Participant occurs between the date on which the Participant exercises the Option and the date the Company issues the shares. 
  
 7. Withholding. Upon each exercise of an Option, the Participant agrees to pay to the Company or to make appropriate arrangements acceptable to the
Committee for satisfaction of any applicable federal, state or local income and employment taxes to be withheld with respect to such amount. Such withholding obligations may be settled with Common Stock, including a portion of the Optioned Shares
that give rise to the withholding requirement. The obligations of the Company under this Option Agreement are conditioned upon such payment or arrangements and the Company shall, to the extent permitted by law, have the right to deduct any such
taxes from any payment of any kind otherwise due to the Participant. 
  
 8 . Notices. All notices to the Company under this Option Agreement shall be in writing and shall be delivered by personal service or telegram, telecopier, or registered or certified mail (if such service is not available, then by
first class mail), postage pre-paid, to such address as may be designated from time to time by the Company, and which shall initially be: 
  
 Getty Images, Inc. 
 601 North 34th Street

 Seattle, WA 98103 
 Attn:
Legal Counsel 
  
 All notices shall be deemed given when received.

  
 9. No Effect on Terms of Service. This Option Agreement
shall not affect any right or power of the Company to terminate or change the terms of service of the Director at any time and for any reason whatsoever, with or without cause. 
  
 10. Integration. This Option Agreement and the Plan constitute the entire agreement between the Company and the
Participant pertaining to the subject matter hereof, and supersede all oral and prior written or implied agreements and understandings between the parties. 
  
 11. Waiver. Any failure to enforce any terms or conditions of this Option Agreement by the Company shall not be deemed a waiver of that term or
condition, nor shall any waiver or relinquishment of any right or power at any one time or times be deemed a waiver or relinquishment of that right or power for all or any other times. 
  
 12. Severability of Provisions. If any provision of this Option Agreement shall be held invalid or unenforceable,
such invalidity or unenforceability shall not affect any other provision hereof and this Option Agreement shall be construed and enforced as if it did not include such provision. 
  
 13. Successors. This Option Agreement shall be binding upon and inure to the benefit of any successor or successors
of the Company and any assigns, successors or heirs of the Participant. Where the context permits, “Participant” as used in this Option Agreement shall include the Participant’s executor, administrator or other legal representative or
the person or persons to whom the Participant’s rights pass by will or the applicable laws of descent and distribution. Nothing in this Option Agreement 
  
  

 shall be interpreted as imposing any liability on the Company in favor of the Participant or such transferee of option
rights with respect to any loss, cost or expense which the Participant or transferee may incur in connection with, or arising out of any transaction involving the Option granted hereunder. 
  
 14. Amendment of Option Agreement. This Option Agreement cannot be
amended except by a writing executed by the Company and the Participant. 
  
 15. Applicable Law; Headings. This Option Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Delaware, without giving effect to the conflicts of laws
principles thereof. The headings in this Option Agreement are solely for convenience of reference and shall not affect its meaning or interpretation. 
  
 IN WITNESS WHEREOF, the parties hereto have executed this Option Agreement to be effective as of the date first written above. 
  

			
	GETTY IMAGES, INC.	 	 
	  

 By:
<name>
	 	  

 <name>

  
 The Participant must accept the
above options to purchase shares of Getty Images common stock in accordance with and subject to the terms and conditions of this Agreement and the Plan. By signing above, the Participant acknowledges that he or she has read this Agreement and the
Plan, and agrees to be bound by this Agreement, the Plan and the actions of the Committee. If he or she does not do so prior to 90 days following the date of grant, Getty Images may declare the option grant null and void.Form of Restricted Stock Unit Agreement

 Exhibit 10.36 
  
 AMENDED AND RESTATED GETTY IMAGES, INC. 
 1998 STOCK INCENTIVE PLAN 
  
 RESTRICTED STOCK UNIT AWARD AGREEMENT 
  
 This
Restricted Stock Unit Award Agreement (this “Agreement”) is made and entered into effective Date (the “Effective Date”) by and between Getty Images, Inc., a Delaware corporation (the
“Company”), and Name of Employee. 
  
 The
terms of the Restricted Stock Unit Award (this “Restricted Stock Unit Award”) are as set forth in this Agreement and in the Company’s Amended and Restated 1998 Stock Incentive Plan (the “Plan”), a copy of which
is attached. The Plan is incorporated into this Agreement by reference, which means that this Agreement is limited by and subject to the express terms and provisions of the Plan. In the event of a conflict between the terms of this Agreement and the
terms of the Plan, the terms of the Plan shall control. Capitalized terms that are not defined in this Agreement have the meanings given to them in the Plan. The basic terms of the Restricted Stock Unit Award are summarized as follows: 

 

					
	 1.      Grant Date:
	  	  
 __________________________________________

		
	 2.      Number of Restricted Stock Units:
	  	  
 __________________________________________

			
	 3.      Vesting Schedule
	  	25% on the first day of Date and quarterly on a pro rata basis thereafter for the subsequent three years and so long as you continue employment with the Company or its Subsidiaries.
Therefore, this Restricted Stock Unit Award vests as follows:	  	 

  

			
	 Cumulative Percentage

	  	 Date

	25%	  	Based on grant date
	31 1/4%	  	 
	37 1/2%	  	 
	43 3/4%	  	 
	50%	  	 
	56 1/4%	  	 
	62 1/2%	  	 
	68 3/4%	  	 
	75%	  	 
	81 1/4%	  	 
	87 1/2%	  	 
	93 3/4%	  	 
	100%	  	 

 4. Vesting 
  
 (a) One share of Common Stock shall be issuable for each restricted stock unit that vests (the “Shares”), subject to the terms and
provisions of the Plan and this Agreement. Upon vesting, the Company will transfer such Shares to you upon and subject to the terms of this Agreement. No fractional Shares shall be issued under this Agreement. 
  
 (b) The Restricted Stock Unit Award is subject to forfeiture upon your
termination of employment with the Company and its Subsidiaries pursuant to Section 2 of this Agreement. The Restricted Stock Unit Award will vest and no longer be subject to forfeiture according to the vesting schedule set forth in Section 3 above.
No Shares shall be issued or issuable with respect to any portion of the Award that is forfeited. 
  
 (c) Units that have vested and are no longer subject to forfeiture according to the vesting schedule set forth above are referred to herein as
“Vested Units”. Units that are not vested and remain subject to forfeiture under the vesting schedule set forth above are referred to herein as “Unvested Units”. The Unvested Units will vest (and to the extent so
vested cease to be Unvested Units remaining subject to forfeiture) in accordance with the above schedule. Collectively, the Unvested and Vested Units are referred to herein as the “Units”. 
  
 (d) Early lapse of the forfeiture restrictions may occur as described below
in connection with a Change in Control. 
  
 5. Termination of Employment

  
 If your employment with the Company and its Subsidiaries
terminates for any reason, any portion of this Restricted Stock Unit Award that has not vested as provided above will immediately terminate. You will forfeit all Unvested Units upon such occurrence without the payment of any further consideration to
you. 
  
 6. Change of Control 
  
 Upon a Change of Control of the Company, the vesting of your Restricted
Stock Unit Award will accelerate and all Units under this Agreement shall become fully vested. 
  
 7. Conversion of Units into Shares of Common Stock 
  
 Except as otherwise provided by a deferral election pursuant to Section 8 of this Agreement, Vested Units shall be converted into shares of Common Stock and distributed to you when Unvested Units become Vested Units.

  
 If, however, you elect to defer payment of the shares of
Common Stock as provided in Section 8 of this Agreement, the shares of Common Stock shall be issued as set forth in the Deferral Election Agreement entered into between you and the Committee. 
  

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 8. Dividends 
  
 You may be credited with dividend equivalents with respect to your Units under this Agreement. The Committee, in its sole discretion, may determine the
form of payment of dividend equivalents, including cash, shares of Common Stock or additional Units. 
  
 9. No Rights as Shareholder 
  
 You shall not have voting or any other rights as a shareholder of the Common Stock with respect to the Units. Upon conversion of the Units into shares of Common Stock, you will obtain full voting and other rights as a shareholder of the
Company. 
  
 10. Securities Law Compliance 
  
 Notwithstanding any other provision of this Agreement, you may not sell the
Shares acquired upon the conversion of Units unless such shares are registered under the Securities Act of 1934, as amended, or, if such shares are not then so registered, such sale would be exempt from the registration requirements of the
Securities Act. The sale of such Shares must also comply with other applicable laws and regulations governing the shares, and you may not sell the Shares if the Company determines that such sale would not be in material compliance with such laws and
regulations. 
  
 11. Transfer Restrictions 
  
 Any sale, transfer, assignment, encumbrance, pledge, hypothecation,
conveyance in trust, gift, transfer by bequest, devise or descent, or other transfer or disposition of any kind, whether voluntarily or by operation of law, directly or indirectly, of Units shall be strictly prohibited and void. 
  
 12. Independent Tax Advice 
  
 You acknowledge that determining the actual tax consequences of receiving or
disposing of the Units and Shares may be complicated. These tax consequences will depend, in part, on your specific situation and also may depend on the resolution of currently uncertain tax law and other variables not within the control of the
Company. You are aware that you should consult a competent and independent tax advisor for a full understanding of the specific tax consequences to you of receiving or disposing of Units and Shares. Prior to executing this Agreement, you either have
consulted with a competent tax advisor independent of the Company to obtain tax advice concerning the receipt, vesting or disposition of the Units or Shares in light of your specific situation or have had the opportunity to consult with such a tax
advisor but chose not to do so. 
  
  

 3 

 13. Taxes, Withholding and Disposition of Shares 
  
 You are ultimately liable and responsible for all taxes owed in connection with this Restricted Stock Unit Award, including
federal, state, local, FICA, or foreign taxes of any kind required by law, regardless of any action the Company or any of its Subsidiaries takes with respect to any tax withholding obligations that arise in connection therewith. The Committee may
permit you to satisfy all or part of your tax withholding obligations by (a) paying cash to the Company, (b) having the Company withhold an amount from any cash amounts otherwise due or to become due from the Company to you, or (c) having the
Company withhold and/or sell the whole number of Units or Shares from those shares issuable to you under this Restricted Stock Unit Award as the Company determines necessary to satisfy the minimum tax withholding obligations arising with respect to
this Restricted Stock Unit Award. 
  
 14. General Provisions 
  
 14.1 Assignment. The Company may assign its rights under the
Agreement at any time, whether or not such rights are then exercisable, to any Subsidiary designated by the Committee. 
  
 14.2 Notices. Any notice required in connection with this Agreement will be given in writing and will be deemed effective upon personal delivery or
upon deposit in the U.S. mail, registered or certified, postage prepaid and addressed to the party entitled to such notice at the address indicated in this Agreement or at such other address as such party may designate by 10 business days’
advance written notice under this Section 15.2 to all other parties to this Agreement hereunder. Notices delivered to the Company shall be addressed to it at its principal business office, Attention: Compensation Committee of the Board of Directors,
and any notice hereunder to you shall be sent to the address reflected on the payroll records of the Company, subject to the right of either party to designate at any time hereafter in writing some other address. 
  
 14.3 No Waiver. No waiver of any provision of this Agreement will be
valid unless in writing and signed by the person against whom such waiver is sought to be enforced, nor will failure to enforce any right hereunder constitute a continuing waiver of the same or a waiver of any other right hereunder. 
  
 14.4 Mutual Undertakings. You and the Company each hereby agree to
take whatever additional action and execute whatever additional documents the other party may deem necessary or advisable in order to carry out or effect one or more of the obligations or restrictions imposed on you, the Units or the shares of
Common Stock acquired upon conversion of the Units or the Company pursuant to the express provisions of this Agreement. 
  
 14.5 Agreement Is Entire Contract. This Agreement and the Plan constitute the entire contract between the parties hereto with regard to the subject
matter hereof. This 
  
  

 4 

 Agreement is made pursuant to the provisions of the Plan and will in all respects be construed in
conformity with the express terms and provisions of the Plan. 
  
 14.6 Successors and Assigns. The provisions of this Agreement will inure to the benefit of, and be binding on, the Company and its Subsidiaries, their successors and assigns and you and your legal representatives, heirs, legatees,
distributees, assignees and transferees by operation of law, whether or not any such person will have become a party to this Agreement and agreed in writing to join herein and be bound by the terms and conditions hereof. 
  
 14.7 No Employment or Service Contract. This Agreement shall not
confer upon you any right with respect to continuance of employment by the Company or any Subsidiary, nor shall it interfere in any way with the right of the Company or any Subsidiary to terminate your employment at any time. 
  
 14.8 Counterparts. This Agreement may be executed in two or more
counterparts, each of which will be deemed an original, but which, upon execution, will constitute one and the same instrument. 
  
 14.9 Washington Law to Govern. This Agreement will be construed and administered in accordance with and governed by the laws of the State of
Washington. 
  
 IN WITNESS WHEREOF, the parties have executed this
Agreement on the day and year indicated above on the first page of this Agreement as the Effective Date. 
  

			
	GETTY IMAGES, INC.
		
	By:	 	  

	Its:	 	 
	
	  

 Employee

  

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