Document:

Exhibit 10.9

 

FORM OF INCENTIVE STOCK OPTION AWARD
AGREEMENT

 

OPTION AWARD AGREEMENT UNDER
THE STANLEY, INC. 2006 OMNIBUS INCENTIVE COMPENSATION PLAN dated as of                 , between Stanley, Inc.
(the “Company”), a Delaware Corporation, and                .

 

This Option Award Agreement
(the “Award Agreement”) sets forth the terms and conditions of an award of
options to purchase             shares
(the “Award”) of the Company’s Common Stock, $0.01 par value (“Share”), at an
exercise price of $                per Share  (the “Exercise Price”), the closing market price per Share (as
reported by the New York Stock Exchange) on the date hereof, that are subject
to the terms and conditions specified herein (“Options”) and that are granted
to you under the Stanley, Inc. 2006 Omnibus Incentive Compensation Plan
(the “Plan”).  The Options are intended
to qualify as “incentive stock options” (within the meaning of Section 422
of the Internal Revenue Code of 1986, as amended).  Therefore, you are required to satisfy the
holding period requirements that apply with respect to the Shares issuable upon
exercise of the Options in order to be eligible for the beneficial tax
treatment afforded such a grant.  To the
extent the requisite holding period requirements are not satisfied, or any of
the Options do not otherwise qualify as Incentive Stock Options pursuant to the
Internal Revenue Code, the Options shall be deemed to be Nonqualified Stock
Options; provided that such Options otherwise comply with the Plan’s requirements
relating to Nonqualified Stock Options.

 

THIS AWARD IS SUBJECT TO ALL
TERMS AND CONDITIONS OF THE PLAN AND THIS AWARD AGREEMENT, INCLUDING, WITHOUT
LIMITATION, THE DISPUTE RESOLUTION PROVISIONS SET FORTH IN SECTION 11.  BY SIGNING YOUR NAME BELOW, YOU WILL HAVE
CONFIRMED YOUR ACCEPTANCE OF THE TERMS AND CONDITIONS OF THIS AWARD AGREEMENT.

 

SECTION 1.  The Plan.  This Award is made pursuant to the Plan, all
the terms of which are hereby incorporated in this Award Agreement.  In the event of any conflict between the
terms of the Plan and the terms of this Award Agreement, the terms of this
Award Agreement shall govern.  In the
event of any conflict between the terms of this Award Agreement and the terms
of any individual employment agreement between you and the Company or any of
its Affiliates (an “Employment Agreement”), the terms of your Employment
Agreement will govern.

 

SECTION 2.  Definitions.  Capitalized terms used in this Award
Agreement that are not defined in this Award Agreement have the meanings as
used or defined in the Plan.  As used in
this Award Agreement, the following terms have the meanings set forth below:

 

“Business Day” means a
day that is not a Saturday, a Sunday or a day on which banking institutions are
legally permitted to be closed in the Commonwealth of Virginia.

 

 

“Vesting Date” means the
date on which your rights with respect to all or a portion of the Options
subject to this Award Agreement may become fully vested, and the restrictions
set forth in this Award Agreement may lapse, as provided in Section 3(a) of
this Award Agreement.

 

“Committee” means the
compensation committee of the Board, or such other committee of the Board as
may be designated by the Board from time to time to administer the Plan.

 

SECTION 3.  Vesting and Exercise.  (a)  Vesting.  On each Vesting Date set forth below, your
rights with respect to the number of Options that corresponds to such Vesting
Date, as specified in the chart below, shall become vested and may be
exercised, provided that you must be employed by the Company or an Affiliate on
the relevant Vesting Date in order for your rights with respect to the
applicable number of Options to become vested and exercisable, except as
otherwise determined by the Committee in its sole discretion or as otherwise
provided in your Employment Agreement.

 

	
  Vesting Date

  	
   

  	
  Aggregate
  Percentage

  Vested

  	
   

  	
  Aggregate
  Number of

  Options Vested

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  

 

(b)   Exercise of Options.  Options, to the extent that they are vested,
may be exercised, in whole or in part (but for the purchase of whole Shares
only), by delivery to the Company (i) of a written or electronic notice,
complying with the applicable procedures established by the Committee or the
Company, stating the number of Shares with respect to which the Options are
thereby exercised and (ii) full payment of the aggregate Exercise Price
for the Shares with respect to which the Options are thereby exercised in
accordance with Section 6(b) of the Plan.  The notice shall be signed by you or any
other person then entitled to exercise the Options.  Upon exercise and full payment of the
Exercise Price for Shares with respect to which the Options are thereby
exercised, the Company shall deliver to you or your legal representative one
Share for each Option with respect to which you have exercised and paid.  Notwithstanding the foregoing, unless the
Committee determines otherwise and except as otherwise provided in your
Employment Agreement, unexercised vested Options expire (i) automatically
on the date of your termination of employment for Cause (as defined in your
Employment Agreement or, if your Employment Agreement does not contain a
definition of Cause, as determined by the Company), (ii) six months after
your death or (iii) three months after your termination of employment for
any reason other than Cause or death or; provided 

 

2

 

that all Options will automatically expire on the fifth anniversary of
this Award Agreement.

 

SECTION 4.  Forfeiture of Options.  Unless the Committee determines otherwise,
and except as otherwise provided in your Employment Agreement, if your rights
with respect to any Options awarded to you pursuant to this Award Agreement
have not become vested prior to the date on which your employment with the
Company and its Affiliates terminates for any reason, your rights with respect
to such Options shall immediately terminate, and you will be entitled to no
further payments or benefits with respect thereto.

 

SECTION 5.  Voting Rights; Dividend Equivalents.  Prior to the date on which your rights with
respect to an Option have become vested and you exercise your right to purchase
Shares, you shall not be entitled to exercise any voting rights with respect to
such Option and shall not be entitled to receive dividends or other
distributions with respect thereto.

 

SECTION 6.  Non-Transferability of Options.  Unless otherwise provided by the Committee in
its discretion, Options may not be sold, assigned, alienated, transferred,
pledged, attached or otherwise encumbered except as provided in Section 9(a) of
the Plan.  Any purported sale,
assignment, alienation, transfer, pledge, attachment or other encumbrance of an
Option in violation of the provisions of this Section 6 and Section 9(a) of the
Plan shall be void.

 

SECTION 7.  Requirement of Notification Upon
Disqualifying Disposition Under Section 421(b) of the Code.  If you shall make any disposition of Shares
delivered pursuant to the exercise of the Options under the circumstances
described in Section 421(b) of the Code (relating to certain
disqualifying dispositions) or any successor provision of the Code, you shall
notify the Company in writing of such disposition within ten days of such
disposition.

 

SECTION 8.  Withholding, Consents and Legends.  (a)  Withholding.  The delivery of Shares pursuant to Section 3(b)
is conditioned on satisfaction of any applicable withholding taxes in
accordance with Section 9(d) of the Plan.

 

(b)  Consents.  Your rights in respect of the Options are
conditioned on the receipt to the full satisfaction of the Committee of any
required consents that the Committee may determine to be necessary or advisable
(including, without limitation, your consenting to the Company’s supplying to
any third-party recordkeeper of the Plan such personal information as the
Committee deems advisable to administer the Plan).

 

(c)  Legends.  The Company may affix to certificates for
Shares issued pursuant to this Award Agreement any legend that the Committee
determines to be necessary or advisable (including to reflect any restrictions
to which you may be subject under any applicable securities laws).  The Company may advise the applicable
transfer agent to place a stop order against any legended Shares.

 

3

 

SECTION 9.  Successors and Assigns of the
Company.  The terms and conditions of
this Award Agreement shall be binding upon and shall inure to the benefit of
the Company and its successors and assigns.

 

SECTION 10.  Committee Discretion.  The Committee shall have full and plenary
discretion with respect to any actions to be taken or determinations to be made
in connection with this Award Agreement, and its determinations shall be final,
binding and conclusive.

 

SECTION 11.  Dispute Resolution.  (a)  Jurisdiction and Venue.  Notwithstanding any provision in your
Employment Agreement, you and the Company hereby irrevocably submit to the
exclusive jurisdiction of (i) the United States District Court for the
District of Delaware and (ii) the courts of the State of Delaware for the
purposes of any suit, action or other proceeding arising out of this Award
Agreement or the Plan.  You and the
Company agree to commence any such action, suit or proceeding either in the
United States District Court for the District of Delaware or, if such suit,
action or other proceeding may not be brought in such court for jurisdictional
reasons, in the courts of the State of Delaware.  You and the Company further agree that
service of any process, summons, notice or document by U.S. registered mail to
the applicable address set forth in Section 12 of this Award Agreement
shall be effective service of process for any action, suit or proceeding in
Delaware with respect to any matters to which you have submitted to
jurisdiction in this Section 11(a). 
You and the Company irrevocably and unconditionally waive any objection
to the laying of venue of any action, suit or proceeding arising out of this
Award Agreement or the Plan in (A) the United States District Court for
the District of Delaware or (B) the courts of the State of Delaware, and
hereby and thereby further irrevocably and unconditionally waive and agree not
to plead or claim in any such court that any such action, suit or proceeding
brought in any such court has been brought in an inconvenient forum.

 

(b)  Waiver of Jury Trial.  You and the Company hereby waive, to the
fullest extent permitted by applicable law, any right either of you may have to
a trial by jury in respect to any litigation directly or indirectly arising out
of, under or in connection with this Award Agreement or the Plan.

 

(c)  Confidentiality.  You hereby agree to keep confidential the
existence of, and any information concerning, a dispute described in this Section 11,
except that you may disclose information concerning such dispute to the court
that is considering such dispute or to your legal counsel (provided that such
counsel agrees not to disclose any such information other than as necessary to
the prosecution or defense of the dispute).

 

SECTION 12.  Notice.  All notices, requests, demands and other
communications required or permitted to be given under the terms of this Award
Agreement shall be in writing and shall be deemed to have been duly given when
delivered by hand or overnight courier or three Business Days after they have
been mailed by U.S. registered mail, return receipt requested, postage prepaid,
addressed to the other party as set forth below:

 

4

 

	
  If to the
  Company:

  	
  Stanley, Inc.

  3101 Wilson Boulevard

  Suite 700

  Arlington, VA  22201

  Attention:  Legal Dept.

   

  
	
  If to you:

  	
  Your address
  as reflected in the payroll records of the Company

  

 

The parties may change the address to which notices under this Award
Agreement shall be sent by providing written notice to the other in the manner
specified above.

 

SECTION 13.  Headings.  Headings are given to the Sections and
subsections of this Award Agreement solely as a convenience to facilitate
reference.  Such headings shall not be
deemed in any way material or relevant to the construction or interpretation of
this Award Agreement or any provision hereof.

 

SECTION 14.  Amendment of this Award Agreement.  The Committee may waive any conditions or
rights under, amend any terms of, or alter, suspend, discontinue, cancel or
terminate this Award Agreement prospectively or retroactively; provided,
however, that any such waiver, amendment, alteration, suspension,
discontinuance, cancellation or termination that would materially and adversely
impair your rights under this Award Agreement shall not to that extent be
effective without your consent (it being understood, notwithstanding the
foregoing proviso, that this Award Agreement and the Options shall be subject
to the provisions of Section 7(c) of the Plan).

 

SECTION 15.  Counterparts.  This Award Agreement may be signed in
counterparts, each of which shall be an original, with the same effect as if
the signatures thereto and hereto were upon the same instrument.

 

[The remainder of this page is intentionally left
blank]

 

5

 

IN WITNESS WHEREOF, the parties
have duly executed this Award Agreement as of the date first written above.

 

	
   

  	
   

  
	
   

  	
  STANLEY, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  

 

6Exhibit 10.10

 

FORM OF NONQUALIFIED STOCK OPTION AWARD
AGREEMENT

 

OPTION AWARD AGREEMENT UNDER
THE STANLEY, INC. 2006 OMNIBUS INCENTIVE COMPENSATION PLAN dated as of               , between Stanley, Inc.
(the “Company”), a Delaware Corporation, and                      .

 

This Option Award Agreement
(the “Award Agreement”) sets forth the terms and conditions of an award of
options to purchase               shares
(the “Award”) of the Company’s Common Stock, $0.01 par value (“Share”), at an
exercise price of $                 per
Share  (the “Exercise Price”), the closing market price per Share (as
reported by the New York Stock Exchange) on the date hereof, that are subject
to the terms and conditions specified herein (“Options”) and that are granted
to you under the Stanley, Inc. 2006 Omnibus Incentive Compensation Plan
(the “Plan”).  The Options are not
intended to qualify as “incentive stock options” (within the meaning of Section 422
of the Internal Revenue Code of 1986, as amended).

 

THIS AWARD IS SUBJECT TO ALL
TERMS AND CONDITIONS OF THE PLAN AND THIS AWARD AGREEMENT, INCLUDING, WITHOUT
LIMITATION, THE DISPUTE RESOLUTION PROVISIONS SET FORTH IN SECTION 10.  BY SIGNING YOUR NAME BELOW, YOU WILL HAVE
CONFIRMED YOUR ACCEPTANCE OF THE TERMS AND CONDITIONS OF THIS AWARD AGREEMENT.

 

SECTION 1.  The Plan.  This Award is made pursuant to the Plan, all
the terms of which are hereby incorporated in this Award Agreement.  In the event of any conflict between the
terms of the Plan and the terms of this Award Agreement, the terms of this
Award Agreement shall govern.  In the
event of any conflict between the terms of this Award Agreement and the terms
of any individual employment agreement between you and the Company or any of its
Affiliates (an “Employment Agreement”), the terms of your Employment Agreement
will govern.

 

SECTION 2.  Definitions.  Capitalized terms used in this Award
Agreement that are not defined in this Award Agreement have the meanings as
used or defined in the Plan.  As used in
this Award Agreement, the following terms have the meanings set forth below:

 

“Business Day” means a
day that is not a Saturday, a Sunday or a day on which banking institutions are
legally permitted to be closed in the Commonwealth of Virginia.

 

“Vesting Date” means the
date on which your rights with respect to all or a portion of the Options
subject to this Award Agreement may become fully vested, and the restrictions
set forth in this Award Agreement may lapse, as provided in Section 3(a) of
this Award Agreement.

 

“Committee” means the
compensation committee of the Board, or such other committee of the Board as
may be designated by the Board from time to time to administer the Plan.

 

 

SECTION 3.  Vesting and Exercise.  (a)  Vesting.  On each Vesting Date set forth below, your
rights with respect to the number of Options that corresponds to such Vesting
Date, as specified in the chart below, shall become vested and may be
exercised, provided that you must be employed by the Company or an Affiliate on
the relevant Vesting Date, except as otherwise determined by the Committee in
its sole discretion or as otherwise provided in your Employment Agreement.

 

	
  Vesting
  Date

  	
   

  	
  Aggregate Percentage 

  Vested

  	
   

  	
  Aggregate Number of

  Shares Vested

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  

 

(b)   Exercise of Options.  Options, to the extent that they are vested,
may be exercised, in whole or in part (but for the purchase of whole Shares
only), by delivery to the Company (i) of a written or electronic notice,
complying with the applicable procedures established by the Committee or the
Company, stating the number of Shares with respect to which the Options are
thereby exercised and (ii) full payment of the aggregate Exercise Price
for the Shares with respect to which the Options are thereby exercised in
accordance with Section 6(b) of the Plan.  The notice shall be signed by you or any
other person then entitled to exercise the Options.  Upon exercise and full payment of the
Exercise Price for Shares with respect to which the Options are thereby
exercised, the Company shall deliver to you or your legal representative one
Share for each Option with respect to which you have exercised and paid.  Notwithstanding the foregoing, unless the
Committee determines otherwise and except as otherwise provided in your
Employment Agreement, unexercised vested Options expire (i) automatically
on the date of your termination of employment for Cause (as defined in your
Employment Agreement or, if your Employment Agreement does not contain a
definition of Cause, as determined by the Company), (ii) six months after
your death or (iii) 90 days after your termination of employment for any
reason other than Cause or death or; provided that all Options will
automatically expire on the fifth anniversary of this Award Agreement.

 

SECTION 4.  Forfeiture of Options.  Unless the Committee determines otherwise,
and except as otherwise provided in your Employment Agreement, if your rights
with respect to any Options awarded to you pursuant to this Award Agreement
have not become vested prior to the date on which your employment with the
Company and its Affiliates terminates, your rights with respect to such Options
shall immediately terminate, and you will be entitled to no further payments or
benefits with respect thereto.

 

SECTION 5.  Voting Rights; Dividend
Equivalents.  Prior to the date on
which your rights with respect to an Option have become vested and you exercise
your right to purchase Shares, you shall not be entitled to exercise any voting
rights with 

 

2

 

respect to such Option and shall not be entitled to receive dividends
or other distributions with respect thereto.

 

SECTION 6.   Non-Transferability of Options.  Unless otherwise provided by the Committee in
its discretion, Options may not be sold, assigned, alienated, transferred,
pledged, attached or otherwise encumbered except as provided in Section 9(a) of
the Plan.  Any purported sale,
assignment, alienation, transfer, pledge, attachment or other encumbrance of an
Option in violation of the provisions of this Section 6 and Section 9(a) of
the Plan shall be void.

 

SECTION 7.  Withholding, Consents and Legends.  (a)  Withholding.  The delivery of Shares pursuant to Section 3(b)
is conditioned on satisfaction of any applicable withholding taxes in
accordance with Section 9(d) of the Plan.

 

(b)  Consents.  Your rights in respect of the Options are
conditioned on the receipt to the full satisfaction of the Committee of any
required consents that the Committee may determine to be necessary or advisable
(including, without limitation, your consenting to the Company’s supplying to
any third-party recordkeeper of the Plan such personal information as the
Committee deems advisable to administer the Plan).

 

(c)  Legends.  The Company may affix to certificates for
Shares issued pursuant to this Award Agreement any legend that the Committee
determines to be necessary or advisable (including to reflect any restrictions
to which you may be subject under any applicable securities laws).  The Company may advise the transfer agent to
place a stop order against any legended Shares.

 

SECTION 8.  Successors and Assigns of the
Company.  The terms and conditions of
this Award Agreement shall be binding upon and shall inure to the benefit of
the Company and its successors and assigns.

 

SECTION 9.  Committee Discretion.  The Committee shall have full and plenary
discretion with respect to any actions to be taken or determinations to be made
in connection with this Award Agreement, and its determinations shall be final,
binding and conclusive.

 

SECTION 10.  Dispute Resolution.  (a)  Jurisdiction and Venue.  Notwithstanding any provision in your
Employment Agreement, you and the Company irrevocably submit to the exclusive
jurisdiction of (i) the United States District Court for the District of
Delaware and (ii) the courts of the State of Delaware for the purposes of
any suit, action or other proceeding arising out of this Award Agreement or the
Plan.  You and the Company agree to
commence any such action, suit or proceeding either in the United States
District Court for the District of Delaware or, if such suit, action or other
proceeding may not be brought in such court for jurisdictional reasons, in the
courts of the State of Delaware.  You and
the Company further agree that service of any process, summons, notice or
document by U.S. registered mail to the other party’s address set forth below
shall be effective service of process for any action, suit or proceeding in
Delaware with respect to any matters to which you have submitted to
jurisdiction in this 

 

3

 

Section 10(a).  You and the Company irrevocably and
unconditionally waive any objection to the laying of venue of any action, suit
or proceeding arising out of this Award Agreement or the Plan in (A) the
United States District Court for the District of Delaware or (B) the
courts of the State of Delaware, and hereby and thereby further irrevocably and
unconditionally waive and agree not to plead or claim in any such court that any
such action, suit or proceeding brought in any such court has been brought in
an inconvenient forum.

 

(b)  Waiver of Jury Trial.  You and the Company hereby waive, to the
fullest extent permitted by applicable law, any right either of you may have to
a trial by jury in respect to any litigation directly or indirectly arising out
of, under or in connection with this Award Agreement or the Plan.

 

(c)  Confidentiality.  You hereby agree to keep confidential the
existence of, and any information concerning, a dispute described in this Section 10,
except that you may disclose information concerning such dispute to the court
that is considering such dispute or to your legal counsel (provided that such
counsel agrees not to disclose any such information other than as necessary to
the prosecution or defense of the dispute).

 

SECTION 11.  Notice.  All notices, requests, demands and other
communications required or permitted to be given under the terms of this Award
Agreement shall be in writing and shall be deemed to have been duly given when
delivered by hand or overnight courier or three Business Days after they have
been mailed by U.S. registered mail, return receipt requested, postage prepaid,
addressed to the other party as set forth below:

 

	
  If to the Company:

  	
  Stanley, Inc.

  3101 Wilson Boulevard 

  Suite 700 

  Arlington, VA 22201 

  Attention: Legal Dept.

  
	
   

  	
   

  
	
  If to you:

  	
  Your address
  as reflected in the payroll records 

  of the Company

  

 

The parties may change the address to which notices under this Award
Agreement shall be sent by providing written notice to the other in the manner
specified above.

 

SECTION 12.  Headings.  Headings are given to the Sections and
subsections of this Award Agreement solely as a convenience to facilitate
reference.  Such headings shall not be
deemed in any way material or relevant to the construction or interpretation of
this Award Agreement or any provision thereof.

 

SECTION 13.  Amendment of this Award Agreement.  The Committee may waive any conditions or
rights under, amend any terms of, or alter, suspend, 

 

4

 

discontinue, cancel or terminate this Award Agreement prospectively or
retroactively; provided, however, that any such waiver,
amendment, alteration, suspension, discontinuance, cancellation or termination
that would materially and adversely impair your rights under this Award
Agreement shall not to that extent be effective without your consent (it being
understood, notwithstanding the foregoing proviso, that this Award Agreement and
the Options shall be subject to the provisions of Section 7(c) of the
Plan).

 

SECTION 14.  Counterparts.  This Award Agreement may be signed in
counterparts, each of which shall be an original, with the same effect as if
the signatures thereto and hereto were upon the same instrument.

 

IN WITNESS WHEREOF, the parties
have duly executed this Award Agreement as of the date first written above.

 

 

	
   

  	
  STANLEY, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
   

  
	
   

  	
   

  	
   

  	
   

  

 

5

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