Document:

EX-10.3

 Exhibit 10.3 
  

					
	 Name:
	  	 	[●]	 
	 Number of Shares of Restricted Stock:
	  	 	[●]	 
	 Date of Grant:
	  	 	[●]	 
	 [Per Share Purchase Price:]
	  	$	[●]	 
	 [Total Purchase Price:]1
	  	$	[●]	 

 BRIGHT HORIZONS FAMILY SOLUTIONS
INC. 
 2012 OMNIBUS LONG-TERM INCENTIVE
PLAN, AS AMENDED AND RESTATED 
 AS
OF MAY 29, 2019 
 RESTRICTED STOCK AGREEMENT 

This agreement (this “Agreement”) evidences the grant of restricted shares of Stock by Bright Horizons Family Solutions Inc.
(the “Company”) to the undersigned (the “Grantee”), pursuant to and subject to the terms of the Bright Horizons Family Solutions Inc. 2012 Omnibus Long-Term Incentive Plan, as Amended and Restated as of May 29,
2019 (as amended from time to time, the “Plan”), which is incorporated herein by reference. 

1.    Grant of Restricted Stock[; Purchase Price]. The Company hereby grants to the Grantee on the date of grant
set forth above (the “Date of Grant”) the number of shares of restricted Stock set forth above (the “Restricted Stock”) on the terms provided herein and in the Plan. [As consideration for the grant of the Restricted
Stock, the Grantee agrees to pay to the Company in cash, or by such other means as approved by the Administrator, the amount per share set forth above (the “Per Share Purchase Price,” and, in the aggregate, the “Total
Purchase Price”), which Per Share Purchase Price shall equal [●] percent ([●]%) of the fair market value of a share of Stock on the Date of Grant.]2 

2.    Vesting. The term “vest” as used herein with respect to any share of Restricted Stock means the
lapsing of the restrictions described herein with respect to such share. Unless earlier terminated, forfeited, relinquished or expired, the Restricted Stock shall vest in full on the earliest of [●], provided, in each case, that the Grantee
has remained in continuous Employment from the Date of Grant through the applicable vesting date. 
 3.    Meaning of
Certain Terms. Each initially capitalized term used but not separately defined herein has the meaning assigned to such term in the Plan. 

4.    Forfeiture Risk. 
  

	 	(a)	 [If the Grantee’s Employment ceases for any reason, other than as a result of the Grantee’s death or
a termination of the Grantee’s Employment by reason of his or her Disability, any and all then outstanding and unvested Restricted Stock shall automatically and immediately be forfeited with no consideration due to the Grantee.]3 

  

	1 	 Include for purchased restricted stock. 

	2 	 Include for purchased restricted stock. 

	3 	 Include for restricted stock granted at no cost. 

  
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	 	(a)	 [If the Grantee’s Employment ceases for any reason (each, a “Qualifying Termination”),
other than as a result of the Grantee’s death or a termination of the Grantee’s Employment by reason of his or her Disability, the Company shall have the right to repurchase (the “Repurchase Option”) at one or more times
any and all then outstanding and unvested Restricted Stock acquired by the Grantee hereunder (the “Qualifying Restricted Stock”) during the one (1)- year period beginning on the date of the Qualifying Termination (the
“Repurchase Period”) at a price per share of Qualifying Restricted Stock equal to the lesser of (x) the fair market value of a share of Stock on the date of repurchase and (y) the Per Share Purchase Price. Any Qualifying
Restricted Stock not repurchased by the Company as of the end of the Repurchase Period shall automatically and immediately be forfeited at such time with no consideration due to the Grantee. The Company may exercise the Repurchase Option by
delivering personally or by registered mail to the Grantee (or the Grantee’s legal representative or permitted transferee, as the case may be) a written notice indicating the Company’s intention to exercise the Repurchase Option and the
number of Qualifying Restricted Stock so repurchased, together with a check in the amount of the aggregate repurchase price. Upon delivery of such notice and payment of the aggregate repurchase price with respect to the Qualifying Restricted Stock
so repurchased, the Company shall become the legal and beneficial owner of the shares of Qualifying Restricted Stock being repurchased and the rights and interests therein or relating thereto, and the Company shall have the right to retain and
transfer to its own name the number of shares of Qualifying Restricted Stock being repurchased by the Company.]4 

 

	 	(b)	 The Grantee hereby (i) appoints the Company as his or her attorney-in-fact to take such actions as may be necessary or appropriate to effectuate a transfer of the record ownership of any such shares that are unvested and forfeited as contemplated by this
Section 4, (ii) agrees to deliver to the Company, as a precondition to the issuance of any certificate or certificates with respect to unvested Restricted Stock hereunder, one or more stock powers, endorsed in blank, with respect to such
shares, and (iii) agrees to sign such other powers and take such other actions as the Company may reasonably request to accomplish the transfer or forfeiture of any unvested Restricted Stock as contemplated by this Section 4.

 5.    Retention of Certificates, etc. Any certificates representing unvested
Restricted Stock shall be held by the Company. If unvested Restricted Stock is held in book entry form, the Grantee agrees that the Company may give stop transfer instructions to the depository to ensure compliance with the provisions hereof. 

6.    Legend. All certificates representing unvested Restricted Stock shall contain a legend substantially in the
following form: 
 THE TRANSFERABILITY OF THIS CERTIFICATE AND THE SHARES OF STOCK REPRESENTED HEREBY ARE SUBJECT TO THE TERMS AND CONDITIONS
(INCLUDING FORFEITURE) OF THE BRIGHT HORIZONS FAMILY SOLUTIONS INC. 2012 OMNIBUS LONG-TERM INCENTIVE PLAN, 
  

	4 	 Include for purchased restricted stock.

  
 2 

 AS AMENDED AND RESTATED AS OF MAY 29, 2019, AND A RESTRICTED STOCK AWARD AGREEMENT
ENTERED INTO BETWEEN THE REGISTERED OWNER AND BRIGHT HORIZONS FAMILY SOLUTIONS INC. COPIES OF SUCH PLAN AND AGREEMENT ARE ON FILE IN THE OFFICES OF BRIGHT HORIZONS FAMILY SOLUTIONS INC. 

As soon as practicable following the vesting of any such Restricted Stock the Company shall cause a certificate or certificates covering such shares, without
the aforesaid legend, to be issued and delivered to the Grantee. If any shares of Restricted Stock or Stock are held in book-entry form, the Company may take such steps as it deems necessary or appropriate to record and manifest the restrictions
applicable to such shares. 
 7.    Dividends, etc. The Grantee shall be entitled to
(a) receive any and all dividends or other distributions paid with respect to those shares of Stock of which he or she is the record owner on the record date for such dividend or other distribution, and (b) vote any shares of Stock of
which he or she is the record owner on the record date for such vote; provided, however, that any property (other than cash) distributed with respect to a share of Stock (the “associated share”) acquired hereunder, including
without limitation a distribution of Stock by reason of a stock dividend, stock split or otherwise, or a distribution of other securities with respect to an associated share, shall be subject to the restrictions of this Agreement in the same manner
and for so long as the associated share remains subject to such restrictions, and shall be promptly forfeited if and when the associated share is so forfeited; and provided, further, that any cash distribution with respect to the
shares of Stock shall be made subject to the restrictions of this Agreement in the same manner and for so long as the associated share remains subject to such restrictions, and shall be promptly forfeited if and when the associated share is so
forfeited. References in this Section 7 to Stock shall refer, mutatis mutandis, to any shares of Restricted Stock. 

8.    Sale of Vested Stock. The Grantee understands that he or she will be free to sell any share of Restricted
Stock once it has vested, subject to (a) satisfaction of any applicable tax withholding requirements with respect to the vesting or transfer of such share, (b) the completion of any administrative steps (for example, but without
limitation, the transfer of certificates) that the Company may reasonably impose, and (c) applicable requirements of federal and state securities laws. Shares of unvested Restricted Stock may not be sold, transferred, pledged, assigned or
otherwise encumbered or disposed of, except as the Administrator may provide. 
 9.    Certain Tax Matters. The
Grantee expressly acknowledges the following: 
  

	 	(a)	 The Grantee has been advised to confer promptly with a professional tax advisor to consider whether he or she
should make a so-called “83(b) election” with respect to the Restricted Stock. Any such election, to be effective, must be made in accordance with applicable regulations and within thirty
(30) days following the Date of Grant. The Company has made no recommendation to the Grantee with respect to the advisability of making such an election. 

 

	 	(b)	 If the Grantee decides to make an “83(b) election,” the Grantee agrees to execute and deliver to the
Company a copy of the Acknowledgement and Statement of Decision Regarding Election Pursuant to Section 83(b) of the Code, substantially in the form attached hereto as Exhibit A, together with a copy of the Election Pursuant to Section

  
 3 

	 	
83(b) of the Code (the “Election Form”), substantially in the form attached hereto as Exhibit B. The Election Form shall be filed by the Grantee with the appropriate
Internal Revenue Service office no later than thirty (30) days after the Date of Grant. The Grantee should consult with his or her tax advisor to determine whether there is a comparable election to file in the state of his or her residence and
whether such a filing is desirable under the circumstances. 

  

	 	(c)	 The award or vesting of the Restricted Stock acquired hereunder, and the payment of dividends with respect to
such shares subject thereto, may give rise to “wages” subject to withholding. The Grantee expressly acknowledges and agrees that his or her rights hereunder are subject to the Grantee promptly paying to the Company in cash (or by such
other means as may be acceptable to the Company in its discretion, including, if the Administrator so determines, by the delivery of previously acquired shares of Stock or shares of Stock acquired hereunder or by the withholding of shares of Stock
from any payment hereunder in accordance with the procedures approved by the Board or the Compensation Committee) all taxes required to be withheld in connection with such award, vesting or payment. 

10.    Forfeiture/Recovery of Compensation. By accepting the Restricted Stock, the Grantee expressly acknowledges
and agrees that his or her rights under the Restricted Stock, and those of any permitted transferee of the Restricted Stock or of any Stock received following the vesting of the Restricted Stock or proceeds from the disposition thereof, are subject
to Section 6(a)(5) of the Plan (including any successor provision). Nothing in the preceding sentence shall be construed as limiting the general application of Section 13 of this Agreement. 

11.    Effect on Employment. Neither the award of the Restricted Stock, nor the vesting of the Restricted Stock,
will give the Grantee any right to be retained in the employ or service of the Company or any of its subsidiaries, affect any right of the Company or any of its subsidiaries to discharge or discipline the Grantee at any time, or affect any right of
the Grantee to terminate his or her Employment at any time. 
 12.    Form
S-8 Prospectus. The Grantee acknowledges that he or she has received and reviewed a copy of the prospectus required by Part I of Form S-8 relating to shares of Stock
that may be issued under the Plan. 
 13.    Acknowledgments. By accepting the Award, the Grantee agrees to be
bound by, and agrees that the Award is subject in all respects to, the terms 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 will control. The Grantee further acknowledges
and agrees that (i) the signature to this Agreement on behalf of the Company is an electronic signature that will be treated as an original signature for all purposes hereunder, and (ii) such electronic signature will be binding against
the Company and will create a legally binding agreement when this Agreement is countersigned by the Grantee. 
 [The remainder of this
page is intentionally left blank] 

  
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 Executed as of the      day of [●], [●]. 

 

							
	Company:	 		 	 BRIGHT HORIZONS FAMILY
 SOLUTIONS
INC.

				
		 		 	By:	 	 
		 		 	Name:	 	
		 		 	Title:	 	
	Grantee:	 		 	 
		 		 	Name:
		 		 	Address:

 [Signature Page to Restricted Stock Agreement] 

 EXHIBIT A 

ACKNOWLEDGMENT AND STATEMENT OF DECISION REGARDING ELECTION 

PURSUANT TO SECTION 83(b) OF THE INTERNAL REVENUE CODE 

The undersigned, a grantee of restricted shares of common stock (the “Restricted Stock”) of Bright Horizons Family Solutions
Inc., a Delaware corporation (the “Company”), [for cash] pursuant to a Restricted Stock Agreement, dated as of [●], between the undersigned and the Company (the “Restricted Stock Agreement”), hereby states, as
of the date of grant of the Restricted Stock, as follows: 
 1.    The undersigned acknowledges receipt of a copy of the
Restricted Stock Agreement. The undersigned has carefully reviewed the Restricted Stock Agreement. 
 2.    The
undersigned either [check as applicable]: 
          (a) has consulted, and has been
fully advised by, the undersigned’s own tax advisor,
                                         
   , whose business address is
                                         
   , regarding the federal, state and local tax consequences of the grant of the Restricted Stock under the Restricted Stock Agreement, and particularly regarding the advisability of making elections pursuant to Section 83(b)
of the Internal Revenue Code of 1986, as amended (the “Code”), and pursuant to the corresponding provisions, if any, of applicable state laws; or 

         (b) has knowingly chosen not to consult such tax advisor. 

3.    The undersigned hereby states that the undersigned has decided to make an election pursuant to Section 83(b) of
the Code and is submitting to the Company together with the undersigned’s executed Restricted Stock Agreement, a copy of an executed election form which is attached as Exhibit B to the Restricted Stock Agreement. 

4.    Neither the Company nor a representative of the Company has made any warranty or representation to the undersigned
with respect to the tax consequences of the grant of the Restricted Stock pursuant to the Restricted Stock Agreement or of the making or failure to make an election pursuant to Section 83(b) of the Code or corresponding provisions, if any, of
applicable state law. 
 5.    The undersigned is also submitting to the Company, together with the undersigned’s
executed Restricted Stock Agreement, a copy of an executed election form, if an election is made, by the undersigned pursuant to provisions of state law corresponding to Section 83(b) of the Code, if any, that apply to the grant of the
Restricted Stock to the undersigned. 
  

							
				
	Date:	 	 	 		 	 
		 		 		 	Grantee

 EXHIBIT B 

ELECTION PURSUANT TO SECTION 83(b) OF THE INTERNAL REVENUE CODE 

The undersigned taxpayer hereby elects, pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended, to include in gross income as
compensation for services the excess (if any) of the fair market value of the property described below over the amount paid for such property. 

1.    The name, taxpayer identification number, address of the undersigned, and the taxable year for which this election
is being made are: 
 Taxpayer’s Name:
                                         
                                         
                                         
  
 Taxpayer’s Social Security Number:
                                         
                                         
            
 Address:
                                         
                                         
                                         
                  
 Taxable Year: Calendar Year
[20    ] 
 2.    The property that is the subject of this election is
                                 unvested shares of common stock (the
“Unvested Award”) of Bright Horizons Family Solutions Inc., a Delaware corporation (the “Company”), representing restricted shares of common stock of the Company (“Restricted Shares”). 

3.    The Unvested Award was transferred to the undersigned on
                                . 

4.    [The Unvested Award is subject to the following restrictions: (a) restrictions on vesting based on continued service
through the applicable vesting date, (b) forfeiture for no consideration in the event of the undersigned’s termination of employment with the Company or an affiliate for any reason other than death or by the Company (or the applicable
affiliate) due to the undersigned’s disability, and (c) restrictions should the undersigned wish to transfer the Unvested Award (in whole or in part).]5 

[The Unvested Award is subject to the following restrictions: (a) restrictions on vesting based on continued service through the applicable
vesting date, (b) for a specified period following the undersigned’s termination of employment with the Company or an affiliate for any reason other than death or by the Company (or the applicable affiliate) due to the undersigned’s
disability, the Restricted Shares, to the extent unvested, are subject to being repurchased at the lower of fair market value and original cost and (c) restrictions should the undersigned wish to transfer the Unvested Award (in whole or in
part).]6 
 5.    The fair market value of the Unvested Award at
the time of transfer (determined without regard to any restrictions other than a nonlapse restriction as defined in Section 1.83-3(h) of the Income Tax Regulations) is
$                        . 

6.    For the Unvested Award transferred, the undersigned paid
$                        . 

7.    The amount to include in gross income is
$                        . 

 

	5 	 Include for restricted stock granted at no cost. 

	6 	 Include for purchased restricted stock. 

 The undersigned taxpayer will file this election with the Internal Revenue Service office with which
taxpayer files his or her annual income tax return not later than 30 days after the date of transfer of the property. A copy of the election also will be furnished to the person for whom the services were performed. The undersigned is the person
performing the services in connection with which the property was transferred. 
  

							
				
	Date:	 	 	 		 	 
		 		 		 	TaxpayerEX-10.4

 Exhibit 10.4 
  

			
	 Name:
	  	[●]
	 Number of Restricted Stock Units subject to Award:
	  	[●]
	 Date of Grant:
	  	[●]

 BRIGHT HORIZONS FAMILY SOLUTIONS
INC. 
 2012 OMNIBUS LONG-TERM INCENTIVE PLAN,
AS AMENDED AND RESTATED AS OF 

MAY 29, 2019 

RESTRICTED STOCK UNIT AGREEMENT (DIRECTORS) 

This agreement (this “Agreement”) evidences an award (the “Award”) of restricted stock units (the
“Restricted Stock Units”) granted by Bright Horizons Family Solutions Inc. (the “Company”) to the undersigned (the “Grantee”) pursuant to the Bright Horizons Family Solutions Inc. 2012 Omnibus
Long-Term Incentive Plan, as Amended and Restated as of May 29, 2019 (as amended from time to time, the “Plan”), which is incorporated herein by reference. 

1.    Grant of Restricted Stock Units. On the date of grant set forth above (the “Grant Date”) the
Company hereby grants to the Grantee an award consisting of the right to receive on the terms provided herein and in the Plan, one share of Stock with respect to each Restricted Stock Unit forming part of the Award, in each case, subject to
adjustment pursuant to Section 7 of the Plan in respect of transactions occurring after the date hereof. 

2.    Meaning of Certain Terms. Each initially capitalized term used but not separately defined herein has the
meaning assigned to such term in the Plan. 
 3.    Vesting. [●]. 

4.    Delivery of Stock. The Award shall be settled on the earliest of (a) the termination of the
Grantee’s service as a member of the Board, (b) the fifth anniversary of the Grant Date, and (c) a Covered Transaction that meets the requirements of a “change in control event” as defined in
Section 1.409A-3(i)(5) of the Treasury Regulations. Subject to the provisions of the Plan, within thirty (30) days of such event, in settlement of the Award, the Company shall deliver to the Grantee
a stock certificate for that number of shares of Stock equal to the number of Restricted Stock Units covered by the Award. For purposes of this Section 4, the Grantee will not be deemed to terminate service as a member of the Board unless the
Grantee has experienced a “separation from service” as defined in Section 1.409A-1(h) of the Treasury Regulations (after giving effect to the presumptions contained therein) from the Company and
from all corporations and trades or businesses, if any, that would be treated as a single “service recipient” with the Company under Section 1.409A-1(h)(3) of the Treasury Regulations. 

5.    Dividends; Other Rights. The Award shall not be interpreted to bestow upon the Grantee any equity interest or
ownership in the Company or any Affiliate prior to the date on which the Company delivers shares of Stock to the Grantee. The Grantee is not entitled to vote any shares of Stock by reason of the granting of the Award or to receive or be credited
with any dividends declared and payable on any share of Stock prior to the date on which any such share is delivered to the Grantee hereunder. The Grantee shall have the rights of a shareholder only as to those shares of Stock, if any, that are
actually delivered under the Award. 

  
 1 

 6.    Forfeiture; Recovery of Compensation. By accepting the
Award the Grantee expressly acknowledges and agrees that his or her rights (and those of any permitted transferee) under the Award or to any Stock acquired under the Award or any proceeds from the disposition thereof, are subject to
Section 6(a)(5) of the Plan (including any successor provision). Nothing in the preceding sentence shall be construed as limiting the general application of Section 11 of this Agreement. 

7.    Nontransferability. Neither the Award nor the Restricted Stock Units may be transferred except at death in
accordance with Section 6(a)(3) of the Plan. 
 8.    Certain Tax Matters. 

(a)    The Grantee expressly acknowledges and agrees that he or she shall be responsible for satisfying and paying all
taxes arising from or due in connection with the grant or vesting of the Restricted Stock Units and/or the delivery of any Stock hereunder. The Company shall have no liability or obligation relating to the foregoing. 

(b)    The Grantee expressly acknowledges that because the Award consists of an unfunded and unsecured promise by the
Company to deliver Stock in the future, subject to the terms hereof, it is not possible to make a so-called “83(b) election” with respect to the Award. 

9.    Effect on Service. Neither the award of the Restricted Stock Units, nor the vesting of the Restricted Stock
Units, will give the Grantee any right to be retained in the service of the Company or any of its subsidiaries, affect any right of the Company or any of its subsidiaries to terminate the Grantee’s service at any time, or affect any right of
the Grantee to terminate his or her service at any time. 
 10.    Form S-8
Prospectus. The Grantee acknowledges that he or she has received and reviewed a copy of the prospectus required by Part I of Form S-8 relating to shares of Stock that may be issued under the Plan.  
 11.    Acknowledgments. By accepting the Award, the Grantee
agrees to be bound by, and agrees that the Award and the Restricted Stock Units are subject in all respects to, the terms 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
will control. The Grantee further acknowledges and agrees that (a) the signature to this Agreement on behalf of the Company is an electronic signature that will be treated as an original signature for all purposes hereunder and (b) such
electronic signature will be binding against the Company and will create a legally binding agreement when this Agreement is countersigned by the Grantee. 

[The remainder of this page is intentionally left blank.] 

  
 2 

 Executed as of the      day of [●], [●]. 

 

							
	Company:	 		 	 BRIGHT HORIZONS FAMILY
 SOLUTIONS
INC.

				
		 		 	By:	 	 
		 		 	Name:	 	
		 		 	Title:	 	
	Grantee:	 		 	 
		 		 	Name:
		 		 	Address:

  
 3

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