Document:

The Interpublic Restricted Cash Plan, as Amended and Restated as of May 18, 2009

 Exhibit 10(iii)(A)(13) 
  

The Interpublic 
 Restricted Cash
Plan 
 Restatement adopted May 18, 2009 
 Effective January 1, 2009 

 INTERPUBLIC RESTRICTED CASH PLAN

 TABLE OF CONTENTS 
  

					
			
	Article I	  	Introduction	  	1
			
	Article II	  	Definitions and Rules of Construction	  	1
			
	Article III	  	Eligibility and Terms of Awards	  	4
			
	Article IV	  	Vesting and Payment of Restricted Cash Awards	  	4
			
	Article V	  	Administration and Recordkeeping	  	5
			
	Article VI	  	Miscellaneous	  	7

  

  

	 INTERPUBLIC RESTRICTED CASH PLAN 
	 TABLE OF CONTENTS 

 INTERPUBLIC RESTRICTED CASH PLAN

 ARTICLE I            INTRODUCTION 
  

	1.1	PURPOSE. The Interpublic Group of Companies, Inc. (“Interpublic”) has established and maintains this Restricted Cash Plan to attract, retain, and motivate employees
of exceptional ability. 

  

	1.2	EFFECTIVE DATE. The Plan, as amended and restated herein, is effective January 1, 2009. 

  

	1.3	LEGAL STATUS. The Plan is a bonus program within the meaning of 29 C.F.R. § 2510.3-2(c), and therefore is not subject to the Employee Retirement Income Security Act
of 1974, as amended. 

 ARTICLE II            DEFINITIONS AND
RULES OF CONSTRUCTION 
  

	2.1	DEFINITIONS. The following terms, as used herein, have the following meanings, unless a different meaning is implied by the context: 

  

	 	(a)	AFFILIATE has the meaning set forth in the Applicable PIP. 

  

	 	(b)	APPLICABLE PIP means, with respect to any Restricted Cash Award, the plan document for The Interpublic Group of Companies, Inc. Performance Incentive Plan under which
awards may be granted as of the date on which such Restricted Cash Award is granted. 

  

	 	(c)	AWARD LETTER means a letter or memorandum from Interpublic to a Participant that sets forth the terms of a Restricted Cash Award. If any provision of an Award Letter
expressly conflicts with a provision of this Plan document, the provision of the Award Letter shall control. 

  

	 	(d)	BENEFICIARY means any person or persons so designated by the Participant in a manner determined by the Plan Administrator. If no Beneficiary has been designated under
the applicable procedures or no individual designated as a Beneficiary survives the Participant, the Participant’s Beneficiary shall be the Participant’s estate. In order to be effective, any designation of a Beneficiary must be filed with
the Plan’s recordkeeper before the Participant’s death. 

  

	 	(e)	BOARD means Interpublic’s Board of Directors, or the Compensation Committee thereof. 

  

  

	 INTERPUBLIC RESTRICTED CASH PLAN 
	 PAGE 1 

	 	(f)	CAUSE means, with respect to any Participant: 

  

	 	(i)	A material breach by the Participant of a provision in an employment agreement with Interpublic or an Affiliate that, if capable of being cured, has not been cured within 15 days
after the Participant receives written notice from his Employer of such breach; 

  

	 	(ii)	Misappropriation by the Participant of funds or property of Interpublic or an Affiliate; 

  

	 	(iii)	Any attempt by the Participant to secure any personal profit related to the business of Interpublic or an Affiliate that is not approved in writing by the Board or by the person to
whom the Participant reports directly; 

  

	 	(iv)	Fraud, material dishonesty, gross negligence, gross malfeasance, or insubordination by the Participant, or willful (1) failure by the Participant to follow the code of conduct
of Interpublic or an Affiliate or (2) misconduct by the Participant in the performance of his duties as an employee of Interpublic or an Affiliate, excluding in each case any act (or series of acts) taken in good faith by the Participant that
does not (and in the aggregate do not) cause material harm to Interpublic or an Affiliate; 

  

	 	(v)	Refusal or failure by the Participant to attempt in good faith to perform his duties as an employee or to follow a reasonable good-faith direction of the Board or the person to whom
the Participant reports directly that has not been cured within 15 days after the Participant receives written notice from his Employer of such refusal or failure; 

  

	 	(vi)	Commission by the Participant, or a formal charge or indictment alleging commission by the Participant, of a felony or a crime involving dishonesty, fraud, or moral turpitude; or

  

	 	(vii)	Conduct by the Participant that is clearly prohibited by the policy of Interpublic or an Affiliate prohibiting discrimination or harassment based on age, gender, race, religion,
disability, national origin or any other protected category. 

  

	 	(g)	CHANGE OF CONTROL has the meaning set forth in the Applicable PIP. 

  

	 	(h)	CODE means the Internal Revenue Code of 1986, as amended. 

  

	 	(i)	DISABILITY has the meaning set forth in the Applicable PIP. 

  

	 	(j)	ELIGIBLE EMPLOYEE has the meaning set forth in the Applicable PIP. 

  

  

	 INTERPUBLIC RESTRICTED CASH PLAN 
	 PAGE 2 

	 	(k)	EMPLOYER means, with respect to an Eligible Employee, Interpublic or the Affiliate of Interpublic that employs the Eligible Employee. 

  

	 	(l)	INTERPUBLIC means The Interpublic Group of Companies, Inc., and any successor to the Interpublic Group of Companies, Inc. 

  

	 	(m)	OUTSIDE AUDITOR means a national auditing firm engaged by Interpublic at Interpublic’s expense. 

  

	 	(n)	PARTICIPANT means an Eligible Employee or former Eligible Employee who has commenced participation in the Plan and whose vested benefit under the Plan has not been
paid in its entirety. 

  

	 	(o)	PLAN means the Interpublic Restricted Cash Plan, as set forth herein and amended from time to time. 

  

	 	(p)	PLAN ADMINISTRATOR means Interpublic’s Management Human Resources Committee. 

  

	 	(q)	RESTRICTED CASH AWARD means an award granted pursuant to Article III hereof. A Restricted Cash Award gives the recipient the right to receive cash in the future,
subject to certain vesting and other conditions set forth in the Award Letter. 

  

	 	(r)	UNSECURED TRUST means a trust established pursuant to a trust agreement or other written instrument that (i) states that the assets of such trust are subject to
claims of the Employer’s creditors, (ii) states that such trust shall be irrevocable until all claims for benefits under the plans, programs, agreements, and other arrangements covered by such trust have been satisfied, and
(iii) complies with the applicable requirements of Section 409A of the Code. 

  

	2.1	RULES OF CONSTRUCTION. For purposes of the Plan, unless the contrary is clearly indicated by the context: 

  

	 	(a)	The use of the masculine gender shall also include within its meaning the feminine and vice versa; 

  

	 	(b)	The use of the singular shall also include within its meaning the plural and vice versa; 

  

	 	(c)	The word “include” shall mean to include, but not to be limited to; and 

  

	 	(d)	Any reference to a statute or section of a statute shall further be a reference to any successor or amended statute or section, and any regulations or other guidance of general
applicability issued thereunder. 

  

  

	 INTERPUBLIC RESTRICTED CASH PLAN 
	 PAGE 3 

 ARTICLE III            ELIGIBILITY AND
TERMS OF AWARDS 
  

	3.1	AUTHORITY TO GRANT RESTRICTED CASH AWARDS. From time to time, the Board or the Plan Administrator may grant a Restricted Cash Award to any Eligible Employee.

  

	3.2	ELIGIBILITY FOR RESTRICTED CASH AWARDS. Eligibility to receive a Restricted Cash Award shall be determined by the Board or the Plan Administrator in its sole discretion.

  

	3.3	TERMS OF RESTRICTED CASH AWARDS. The terms of any Restricted Cash Award, including the amount, vesting conditions, and payment date, shall be set forth in an Award Letter.
The terms of any Award Letter shall be determined on a case-by-case basis by the Board or the Plan Administrator. 

 ARTICLE
IV            VESTING AND PAYMENT OF RESTRICTED CASH AWARDS 
  

	4.1	VESTING AND FORFEITURE. 

  

	 	(a)	Each Restricted Cash Award shall be subject to the vesting conditions set forth in the applicable Award Letter, which may include achievement of specified performance objectives,
continued service for a specified period, compliance with the terms of an agreement regarding confidentiality, non-competition and/or non-solicitation, or a combination thereof. Unless otherwise expressly provided in the Award Letter:

  

	 	(i)	Except to the extent that vesting is accelerated pursuant to paragraph (ii), (iii), or (iv), below, a Participant’s right to receive payment of any Restricted Cash Award shall
be contingent upon (A) the Participant remaining employed by Interpublic or an Affiliate until a date set forth in the Award Letter, and (B) the Participant’s executing an agreement regarding confidentiality, non-competition, and
non-solicitation with terms that are acceptable to Interpublic. 

  

	 	(ii)	In the event that a Participant is involuntarily terminated without Cause within the two years immediately following a Change of Control, all of the Participant’s Restricted
Cash Awards then outstanding (and not previously forfeited) shall immediately become fully vested as of the date on which the Participant’s employment is terminated, and any performance conditions shall be deemed achieved at the target level
set forth in the applicable Award Letter. 

  

	 	(iii)	To the extent provided in an applicable Award Letter, vesting shall be accelerated upon a Participant’s death or Disability. 

  

  

	 INTERPUBLIC RESTRICTED CASH PLAN 
	 PAGE 4 

	 	(iv)	The Plan Administrator shall have discretion, on a case-by-case basis, to accelerate vesting of a Restricted Cash Award to the extent permitted by the Applicable PIP.

  

	 	(b)	If a Participant terminates employment with Interpublic and its Affiliates before any portion of a Restricted Cash Award becomes vested, the unvested portion shall be forfeited. No
portion of any Restricted Cash Award that is forfeited shall be reinstated, even if the former Participant is subsequently rehired by Interpublic or an Affiliate. 

  

	4.2	PAYMENT DATE. Each vested Restricted Cash Award shall be paid no later than the earlier of (a) the payment date set forth in the applicable Award Letter and
(b) March 15th of the calendar year next following the calendar year in which the right to payment ceases to be subject to a substantial risk of forfeiture (as defined in Treas. Reg. § 1.409A-1(d)). 

  

	4.3	DEATH. If a Participant dies before the full amount of any outstanding (and not forfeited) Restricted Cash Award is paid, the vested portion of such Restricted Cash Award,
determined in accordance with Section 4.1(a), above, shall be paid to his Beneficiary no later than the payment deadline prescribed by Section 4.2, above. 

  

	4.4	UNSECURED TRUST. Before a Change of Control, Interpublic shall contribute to an Unsecured Trust an amount equal to the value of the sum of all benefits that would become
payable under the Plan if every Participant employed by Interpublic and/or any other Employer immediately before the Change of Control had a Qualifying Termination immediately after the Change of Control. The amount to be contributed shall be
determined by the Outside Auditor, in its best judgment (considering the information available to the Outside Auditor at the time of the calculation and the time constraints on completing the calculation). 

 ARTICLE V            ADMINISTRATION AND RECORDKEEPING 
  

	5.1	PLAN ADMINISTRATION. 

  

	 	(a)	The Plan Administrator shall have responsibility for the operation and administration of the Plan and shall direct payment of Plan benefits. Except as otherwise expressly provided
herein, the Plan Administrator shall have the sole responsibility for and the sole control of the operation, administration and record-keeping of the Plan, and shall have the full discretionary power and authority to take any action and to make all
decisions and interpretations which may be necessary or appropriate in order to administer and operate the Plan, including the discretionary power, duty, and responsibility to: 

  

  

	 INTERPUBLIC RESTRICTED CASH PLAN 
	 PAGE 5 

	 	(i)	Resolve and determine all disputes or questions arising under the Plan, including the power to determine the rights of Participants and Beneficiaries, and their respective benefits,
and to remedy any ambiguities, inconsistencies or omissions, in the Plan; 

  

	 	(ii)	Adopt such rules of procedure and regulations as in its opinion may be necessary for the proper and efficient administration of the Plan and as are consistent with the Plan;

  

	 	(iii)	Implement the Plan in accordance with its terms and the rules and regulations adopted as above; and 

  

	 	(iv)	Make determinations concerning the crediting and distribution of Participants’ Accounts. 

  

	 	(b)	No provision of the Plan shall be construed to give the Plan Administrator any fiduciary responsibility with respect to any Participant or Beneficiary. 

  

	5.2	AMENDMENT, SUSPENSION, AND TERMINATION. 

  

	 	(a)	Subject to the restrictions set forth in this Section 5.2, the Board or any person duly authorized by resolution of the Board may, pursuant to a written instrument, amend,
suspend, or terminate the Plan at any time, retroactively or prospectively; provided that— 

  

	 	(i)	No amendment shall materially change any term of an existing Award Letter in a way that is adverse to the Participant without the Participant’s consent; and

  

	 	(ii)	No amendment shall change the time or form of payment of any benefits under the Plan unless the change will not trigger adverse federal tax consequences for any Participant or
Beneficiary. 

  

	 	(b)	In addition, Interpublic’s Management Human Resources Committee may amend the Plan to the extent that it deems necessary or desirable: 

  

	 	(i)	To improve the administration of the Plan, so long as such amendment does not materially affect the substance of the Plan or the level of benefits the Plan provides, and

  

	 	(ii)	To comply with any applicable federal, state, or local law (including any tax law that could result in adverse tax consequences to any Participant or Beneficiary, or Interpublic or
any Affiliate). 

  

	5.3	DESIGN DECISIONS. Decisions regarding the design of the Plan, eligibility to participate in the Plan, and the level of benefits provided to any Participant shall be made in a

  

  

	 INTERPUBLIC RESTRICTED CASH PLAN 
	 PAGE 6 

 settlor capacity. Any decision or action related to determining eligibility to participate in the Plan,
the level of benefits provided to any Participant, modifying, altering, amending, or terminating the Plan shall be taken on behalf of Interpublic as sponsor of the Plan. 
 ARTICLE VI            MISCELLANEOUS 
  

	6.1	PAYMENTS TO BE MADE IN CASH. All payments required by this Plan shall be made in cash. 

  

	6.2	OBLIGATION TO MAKE PAYMENTS. All payments required by the Plan shall be made by Interpublic; provided, that Interpublic may cause another party, such as an Affiliate, to make
the payment. 

  

	6.3	AUTHORITY TO DETERMINE PAYMENT DATE. To the extent that any payment under the Plan may be made within a specified number of days on or after any date or the occurrence of any
event, the date of payment shall be determined by Interpublic in its sole discretion, and not by any Participant, Beneficiary, or other individual. 

  

	6.4	TAX WITHHOLDING. Interpublic or its designee shall be entitled to withhold from any payment under the Plan an amount that it determines is required to be withheld to satisfy
all federal, state, and other governmental requirements related to the payment. The Participant or Beneficiary, as the case may be, shall bear all taxes on amounts paid under the Plan to the extent that taxes are not withheld, irrespective of
whether withholding is required. 

  

	6.5	SUCCESSORS TO THE COMPANY. Interpublic shall require any successor (whether direct or indirect, by merger, consolidation, sale of stock or assets, or otherwise) to the
business or assets of Interpublic expressly, absolutely, and unconditionally to assume the Plan and to administer the Plan in accordance with its terms. 

  

	6.6	NO ASSIGNMENT OR ALIENATION. No benefits payable under the Plan shall be subject to alienation, sale, transfer, assignment, pledge, attachment, garnishment, lien, levy, or
like encumbrance. No benefit under the Plan shall in any manner be liable for or subject to the debts or liabilities of any person entitled to benefits under the Plan. 

  

	6.7	NO CONTRACT OF EMPLOYMENT. The Plan shall not constitute a contract of employment between any Participant or other individual and Interpublic, or any of its Affiliates.
Nothing in the Plan shall give a Participant or any other individual the right to be retained in the service of Interpublic or any Affiliate, or to interfere with the right of any Interpublic or any Affiliate to discipline or discharge a Participant
or other individual at any time. 

  

	6.8	LIMITATIONS ON LIABILITY. Neither the establishment nor amendment of the Plan, the award of any Restricted Cash, nor the payment of any benefits under the Plan, shall be

  

  

	 INTERPUBLIC RESTRICTED CASH PLAN 
	 PAGE 7 

 construed as giving to any Participant or any other individual any legal or equitable right against
Interpublic or any of its Affiliates, except as required by law or by any Plan provision. Without limiting the foregoing, neither Interpublic nor any of its Affiliates guarantees that the Plan will be effective to defer taxation under federal,
state, or local law. 
  

	6.9	UNFUNDED PLAN. The Plan is intended to be and at all times shall be operated and administered as an unfunded plan. No provision of the Plan shall be interpreted so as to give
any individual any right in any assets of Interpublic or any Affiliate that is greater than the rights of any general, unsecured creditor of Interpublic or such Affiliate. 

  

	6.10	GOVERNING LAW. The Plan shall be construed, administered, and regulated in accordance with the laws of the state of New York, excluding any conflicts or choice of law rule or
principle that might otherwise refer construction or interpretation of the Plan to the substantive law of another jurisdiction. 

  

	6.11	SECTION 409A OF THE CODE. The Plan shall be operated, administered, and interpreted in accordance with the intent that no amounts payable under the Plan are subject to
the requirements of Section 409A of the Code. 

  

	6.12	SEVERABILITY. If any provision of the Plan is held to be illegal or void, the illegality or invalidity of that provision shall not affect the remaining provisions of the
Plan, and the Plan shall be construed and enforced as if the illegal or invalid provisions had never been included in the Plan. 

  

	6.13	COMPLETE STATEMENT OF PLAN. This Plan document contains a complete statement of its terms and supersedes all prior versions of the Plan document. No other evidence, whether
written or oral, shall be taken into account in interpreting the provisions of the Plan. In the event of any conflict between a provision in this Plan document and any booklet, brochure, presentation, or other communication (whether written or
oral), the provision of this Plan document shall control. 

 *        *        *        *        * 
  

  

	 INTERPUBLIC RESTRICTED CASH PLAN 
	 PAGE 8 

 IN WITNESS WHEREOF, Interpublic has caused this restatement of the Plan to be executed on this 18th day of May, 2009.

 By: /s/ Nicholas J. Camera 
 Print Name: Nicholas J. Camera

 Title: SVP, General Counsel & Secretary 
  

  

	 INTERPUBLIC RESTRICTED CASH PLAN 
	 PAGE 9Exhibit 10.33

 Exhibit 10.33 
 [Name of Executive] 
 RESTRICTED STOCK AGREEMENT 
 This Agreement is between                     
(the “Executive”) and Host Hotels & Resorts, Inc. (“Company”), a Maryland corporation, and governs an award made to the Executive pursuant to the Host Hotels & Resorts 2009 Comprehensive Stock and Cash Incentive
Plan (the “Plan”). The Company and the Executive agree as follows: 
 1. Restricted Stock Award. The Company has awarded the
Executive              shares of Restricted Stock of which: 
 (i)
             shares shall vest based on Executive’s performance against such Executive’s annual Personal Performance Goals, as described in Section 2 hereof (the
“Personal Performance Award”); 
 (ii)              shares shall vest
based on performance relating to the Relative NAREIT TSR, as described in Section 3 hereof (the “Relative NAREIT TSR Award”); and 
 (iii)              shares shall vest based on performance relating to the Relative Total Lodging TSR, as described in Section 4 hereof (the “Relative Lodging TSR
Award”). 
 2. Personal Performance Award. The Personal Performance Award may vest in two (2) annual installments, as
follows: (i)              shares for the period January 1, 2010 to December 31, 2010; and              shares for
the period January 1, 2011 to December 31, 2011, in each case based on Executive’s satisfaction of [his] [her] Personal Performance Goals for the applicable period as follows: 
  

				
	 If the level of
 Satisfaction of

 Personal
 Performance Goals is
	  	Then the percentage of
the Personal
Performance Award
which will vest will be	 
	<Threshold	  	0	% 
	Threshold	  	33.33	% 
	Target	  	66.66	% 
	High	  	100	% 

 The Executive will vest in the Personal Performance Award provided that the
Executive is employed by the Company on the date that the Compensation Policy Committee of the Board of Directors of the Company (the “Committee”) determines the 

  

 1 

 
level of satisfaction on the Personal Performance Goals for the applicable year, unless otherwise provided in Section 8 of this Agreement. For this
purpose “Personal Performance Goals” shall mean the management performance objectives established each year applicable to the Executive for purposes of determining Executive’s annual bonus incentive award. Shares that do not vest with
respect to the applicable year shall be forfeited on the date the Committee determines the level of satisfaction on the Personal Performance Goals for the applicable year. 
 3. Relative NAREIT TSR Award. The Relative NAREIT TSR Award may vest in two (2) annual installments, as follows:
(i)              shares for the period January 1, 2010 to December 31, 2010; and (ii)              shares for
the period January 1, 2011 to December 31, 2011, in each case based on the Company’s results on Relative NAREIT TSR for the applicable year as follows: 
  

				
	 If Relative NAREIT TSR is
	  	Then the percentage of the
Relative NAREIT TSR for
the relevant period which
will vest will
be	 
	 <30th percentile
	  	0	% 
	 30th percentile
	  	25	% 
	 50th percentile
	  	50	% 
	 75th percentile
	  	100	% 

 The Executive will vest in the applicable installment of the Relative NAREIT TSR Award provided
that the Executive is employed by the Company on the date that the Committee determines the Relative NAREIT TSR for the applicable year, unless otherwise provided in Section 8 of this Agreement. 
 “Relative NAREIT TSR” shall mean the percentile rank of the Company in a year as compared to companies comprising the NAREIT Equity Index for such year, and
shall be determined by comparing the increase in the Starting Price over the Ending Price, plus dividends paid on the Company’s common stock during the applicable year, to the increase in the Starting Price over the Ending Price, plus dividends
paid on the common stock of companies comprising the NAREIT Equity Index for such year. The “Starting Price” for the Company and the companies comprising the NAREIT Equity Index shall mean the average of the high and the low trading prices
of the common stock of the Company and the common stock of companies comprising the NAREIT Equity Index, respectively, on the trading days occurring on (i) with respect to the period January 1, 2010 to December 31, 2010, the last
sixty (60) calendar days of 2009, and (ii) with respect to the period January 1, 2011 to December 31, 2011, the last sixty (60) calendar days of 2010. The “Ending Price” for the Company and the companies comprising
the NAREIT Equity Index shall mean the average of the high and the low trading prices of 

  

 2 

 
the common stock of the Company and the common stock of companies comprising the NAREIT Equity Index, respectively, on the trading days occurring on
(i) with respect to the period January 1, 2010 to December 31, 2010, the last sixty (60) calendar days of 2010, and (ii) with respect to the period January 1, 2011 to December 31, 2011, the last sixty
(60) calendar days of 2011. 
 The calculation of the Relative NAREIT TSR and the number of shares vested under the Relative NAREIT TSR Award shall be
carried out to the third decimal point. The actual number of shares of the Relative NAREIT TSR Award which shall vest shall be interpolated between the vesting percentages to the extent that the Relative NAREIT TSR is between the amounts set forth
in the chart above. 
 Shares subject to the Relative NAREIT TSR Award that do not vest according to the schedule above may vest and be released as provided
in Section 5 of this Agreement. 
 4. Relative Lodging TSR Award. The Relative Lodging TSR Award may vest in two (2) annual
installments, as follows: (i)              shares for the period January 1, 2010 to December 31, 2010; and
(ii)              shares for the period January 1, 2011 to December 31, 2011, in each case based on the Company’s results on Relative Lodging TSR for the applicable year
as follows: 
  

				
	 If Relative Lodging TSR is
	  	Then the percentage of the
Relative Lodging TSR for
the relevant period which
will vest will
be	 
	 <30th percentile
	  	0	% 
	 30th percentile
	  	25	% 
	 50th percentile
	  	50	% 
	 75th percentile
	  	100	% 

 The Executive will vest in the applicable installment of the Relative Lodging TSR Award provided
that the Executive is employed by the Company on the date that the Committee determines the Relative Lodging TSR for the applicable year, unless otherwise provided in Section 8 of this Agreement. 
 “Relative Lodging TSR” shall mean the percentile rank of the Company in a year as compared to an index of lodging REITs and hotel management companies as
established by the Committee (the “Lodging Index”) for such year, and shall be determined by comparing the increase in the Starting Price over the Ending Price, plus dividends paid on the Company’s common stock, to the increase in the
Starting Price over the Ending Price, plus dividends paid on the common stock of the companies comprising the Lodging Index for such year. The “Starting Price” for the Company and the companies 

  

 3 

 
comprising the Lodging Index shall mean the average of the high and the low trading prices of the common stock of the Company and the common stock of
companies comprising the Lodging Index, respectively, on the trading days occurring on (i) with respect to the period January 1, 2010 to December 31, 2010, the last sixty (60) calendar days of 2009, and (ii) with respect to
the period January 1, 2011 to December 31, 2011, the last sixty (60) calendar days of 2010. The “Ending Price” for the Company and the companies comprising the Lodging Index shall mean the average of the high and the low
trading prices of the common stock of the Company and the common stock of companies comprising the Lodging Index, respectively, on the trading days occurring on (i) with respect to the period January 1, 2010 to December 31, 2010, the
last sixty (60) calendar days of 2010, and (ii) with respect to the period January 1, 2011 to December 31, 2011, the last sixty (60) calendar days of 2011. 
 The calculation of the Relative Lodging TSR Award and the number of shares vested under the Relative Lodging TSR Award shall be carried out to the third decimal point. The actual number of shares of the Relative
Lodging TSR Award which shall vest shall be interpolated between the vesting percentages to the extent that the Relative Lodging TSR is between the amounts set forth in the chart above. 
 Shares subject to the Relative Lodging TSR Shares that do not vest according to the schedule above may vest and be released as provided in Section 5 of this Agreement. 
 5. Cumulative Performance. 
 (i) Any unvested portion of the Relative NAREIT TSR Award will vest if the cumulative Relative NAREIT TSR for the Company for the period January 1, 2009 through December 31, 2011, as determined by the
Committee in a manner consistent with the methodology described in Section 3 of this Agreement, equals or exceeds the 75th
 percentile of the peer companies in the NAREIT Equity Index; as determined by the Committee, provided that the Executive is employed by the Company on the date the Committee determines the
cumulative Relative NAREIT TSR. Any unvested portion of the Relative NAREIT TSR Award that does not vest in accordance with this Section 5 shall be forfeited on the date the Committee determines the cumulative Relative NAREIT TSR. 

(ii) Any unvested portion of the Relative Lodging TSR Award will vest if the cumulative Relative Lodging TSR for the Company for
the period January 1, 2009 through December 31, 2011, as determined by the Committee in a manner consistent with the methodology described in Section 4 of this Agreement, equals or exceeds the 75th percentile of the peer companies in the Lodging Index, as determined by the Committee, provided that
the Executive is employed by the Company on the date the Committee determines the cumulative Relative Lodging TSR. Any unvested portion of the Relative Lodging TSR Award that does not vest in accordance with this Section 5 shall be forfeited on
the date the Committee determines the cumulative Relative Lodging TSR. 
  

 4 

 6. Restricted Stock Account. The shares of Restricted Stock have been deposited in restricted
stock account or accounts for the Executive at the Company’s transfer agent. The Company reserves the right at its sole discretion to change the financial institution in which the shares are deposited. These shares are nontransferable and
otherwise subject to the Plan until the restrictions are removed based on achievement of the applicable conditions to removal of the restrictions or as otherwise permitted by the Committee. Shares of Restricted Stock shall be released from such
account and all restrictions on transfer thereof shall be removed as soon as practicable after the shares have vested in accordance with Sections 2, 3, 4 or 5 above, as applicable. All determinations of vesting in the Personal Performance Award, the
Relative NAREIT TSR Award and Relative Lodging TSR Award shall be determined by the Committee in its sole discretion. 
 7. Voting Rights
and Dividends. The Executive has the right to vote the Restricted Stock, except to the extent shares are forfeited. The Executive shall not receive any dividends with respect to the Restricted Stock unless and until the Executive vests in the
relevant shares. At the time of vesting, the Executive shall receive a cash payment equal to the cumulative dividends (without interest) paid on the shares of Restricted Stock in which the Executive vests for the period beginning on the date of
grant of those shares, and ending on the date of vesting. No dividends shall be paid to the Executive with respect to any shares represented by shares of Restricted Stock that are forfeited by the Executive. 
 In the event any or all of the shares of Restricted Stock are split, or combined, or in any other manner changed, modified or amended, or the Company is recapitalized,
restructured, or reorganized, the shares represented by the Restricted Stock may be adjusted as provided in Article 13 of the Plan. 
 8.
Termination Policy. This Agreement is not an employment contract. This Agreement is, however, a contract creating enforceable rights between the Company (and any successor) and the Executive regarding the Restricted Stock. This Agreement is
subject to the “Host Hotels & Resorts, Inc. Severance Plan for Executives” (the “Severance Plan”), attached hereto as Exhibit A. If the Executive’s employment with the Company is terminated by the Company for
Cause (as defined in the Severance Plan) or by the Executive without Good Reason (as defined in the Severance Plan), then all unvested and unreleased shares of Restricted Stock shall be forfeited. If the Executive’s employment with the Company
is terminated by the Company without Cause or by the Executive with Good Reason not following a Change in Control while any Restricted Stock remains unvested and has not be previously forfeited, then the Executive shall immediately vest in
(i) 66.66% of the then unvested portion of the Personal Performance Award, (ii) 50% of the portion of the Relative NAREIT TSR Award which had not yet become vested pursuant to Section 3 of this Agreement, but which had been scheduled
to vest pursuant to Section 3 of this Agreement with respect to any year ending after the date of such termination, and (iii) 50% of the portion of the Relative Lodging TSR Award which had not yet become vested pursuant to Section 4
of this Agreement, but which had been scheduled to vest pursuant to Section 4 of this Agreement with respect to any year 

  

 5 

 
ending after the date of such termination. If the Executive’s employment with the Company is terminated by (i) reason of the Executive’s
death, (ii) Disability, (iii) the Company without Cause following a Change in Control or (iv) the Executive with Good Reason following a Change in Control, and any Restricted Stock remains unvested and has not been previously
forfeited, then all unvested shares of Restricted Stock shall vest and all restrictions thereon shall be removed. [Insert for certain executives: The Executive agrees that in the event of his death, however, his named beneficiary will receive
             (the “Proceeds”) from that certain ReliaStar Life Insurance Company dated as of September 12, 2003. Executive agrees notwithstanding the foregoing that he shall
forfeit that number of shares which of Restricted Stock have a Fair Market Value equal to the amount of the Proceeds and any remaining shares of Restricted Stock shall vest.] 
 9. Other Long-Term Incentive Awards. The Executive understands and agrees that the shares of Restricted Stock granted pursuant to this Agreement
and stock options granted pursuant to a Stock Option Agreement dated May 14, 2009, are in lieu of any other awards of long-term incentives or supplemental long-term incentives of stock options and deferred bonus stock awards for the period
2010-2011, and that the Executive is not entitled to receive any additional stock options award, deferred bonus stock awards or additional restricted stock award for the period 2010-2011 (other than awards granted and still in effect prior to
January 31, 2009). The Committee reserves the right to make additional long-term incentive awards to individuals in cases where it believes doing so is in the best interests of the Company and its shareholders. 
 10. The Plan. The Restricted Stock is granted in accordance with and subject to the Plan. The terms of this Agreement are intended to be in full
accordance with the Plan. However, in the event of any potential or actual conflict between any term of this Agreement and the Plan, this Agreement shall automatically be amended to comply with the terms of the Plan. All defined terms used in this
Agreement which are otherwise not defined herein shall have the meaning set forth in the Plan. 
 11. Modifications to the
Agreement. This Agreement represents the full and complete understanding between the Executive and the Company and this Agreement cannot be modified or changed by any prior or contemporaneous or future oral agreement of the parties. This
Agreement shall only be modified by the express written agreement of the parties. 
 12. Governing Law. This Agreement shall be
governed by the law of the State of Maryland without regard to choice of law or conflict of law rules. 
 13. Designation of Beneficiary.
The Executive may designate a beneficiary in the space provided at the end of this Agreement. 
 14. No Guarantee of Continued
Service. BY SIGNING THIS AGREEMENT EXECUTIVE ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES PURSUANT TO THIS AGREEMENT IS EARNED ONLY 

  

 6 

 
BY CONTINUING AS AN ELIGIBLE INDIVIDUAL AT THE WILL OF THE COMPANY (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS AWARD OR ACQUIRING SHARES
HEREUNDER). EXECUTIVE FURTHER ACKNOWLEDGES AND AGREES THAT THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS AN ELIGIBLE
INDIVIDUAL FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND SHALL NOT INTERFERE IN ANY WAY WITH HIS OR HER RIGHT OR THE COMPANY’S RIGHT TO TERMINATE THE RELATIONSHIP AS AN ELIGIBLE INDIVIDUAL AT ANY TIME, WITH OR WITHOUT CAUSE.

 15. Taxation. The Executive understands that upon removal of restrictions on any of the shares represented by the Restricted Stock
granted hereunder, a taxable event will occur and Executive will be responsible for payment of taxes due. The Committee may condition the delivery of any shares or any other benefits under this Agreement on the satisfaction of applicable withholding
requirements. The Committee, in its discretion, and subject to such requirements as the Committee may impose prior to the occurrence of such withholding, may permit such withholding obligations to be satisfied through cash payment by the Executive,
through the surrender of shares of common stock of the Company that the Executive already owns, or through the surrender of shares of Restricted Stock to which the Executive would otherwise be entitled under this Agreement provided, however, that if
the withholding obligation arises during a period in which the Executive is prohibited in trading in the Company’s equity securities by reason of the Federal securities laws, or any Company policy regarding insider trading, then the Company
shall automatically withhold the number of shares with a Fair Market Value equal to the minimum amount required to be withheld from the Restricted Stock to which the Executive would otherwise be entitled under this Agreement. 
 16. Confidential Information. In consideration of the grant of Restricted Stock the Executive hereby agrees that the Company has made and
will make available to the Executive, and the Executive will have access to, certain Confidential Information (as defined herein) of the Company and its affiliates. The Executive acknowledges and agrees that any and all Confidential Information
learned or obtained by the Executive during the course of the Executive’s employment with the Company or otherwise, whether developed by the Executive alone or in conjunction with others or otherwise, shall be and is the property of the Company
and its affiliates. Accordingly, the Executive shall at all times keep all Confidential Information confidential and will not use such Confidential Information other than in connection with the Executive’s discharge of his/her employment with
the Company, and will safeguard the Confidential Information from unauthorized disclosure. This covenant is not intended to, and does not limit in any way the Executive’s duties and obligations to the Company under statutory and common law not
to disclose or make personal use of the Confidential Information or trade secrets. For the purposes of this Agreement, “Confidential Information” shall mean all confidential and proprietary information of the Company, and its
affiliates, including, without limitation, the Company’s contractor, customer, supplier and vendor lists and 

  

 7 

 
information, marketing strategies, pricing policies or characteristics, product or product specifications, designs, software systems, leasing costs, cost of
equipment, business or business prospects, plans, proposals, codes, marketing studies, research, reports, investigations, trade secrets or other information of similar character. For purposes of this Agreement, Confidential Information shall not
include (i) information which is generally available to the public, (ii) information obtained by the Executive from third persons other than employees of the Company, its subsidiaries, and affiliates not under agreement to maintain the
confidentiality of the same, and (iii) information which is required to be disclosed by law or legal process. 
  

									
	 Accepted by the Executive:
	 		 	 For the Company:

			
	  
	 		 	  

	[Executive]	 		 	[Company representative]
					
	Date:	 	  
	 		 	Date:	 	  

					
	Beneficiary:	 	  
	 		 		 	
					
	Relationship:	 	  
	 		 		 	

  

 8

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