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Exhibit 10.3

ARCHER AVIATION INC.
DIRECTOR EQUITY DEFERRAL PLAN
FORM OF IRREVOCABLE DEFERRAL ELECTION 
ELECTION INSTRUCTIONS:  IF YOU WISH TO ELECT TO DEFER RECEIPT OF ALL OR A PORTION OF YOUR EQUITY AWARDS GRANTED IN CONNECTION WITH YOUR SERVICES TO ARCHER AVIATION INC. (THE “COMPANY”) AS A MEMBER OF THE COMPANY’S BOARD OF DIRECTORS PLEASE COMPLETE THIS FORM (THIS “ELECTION”), SIGN IT, AND SUBMIT IT TO _______________, ______________ VIA EMAIL (___________________) OR AT ARCHER AVIATION INC., ____________________________________.  THIS ELECTION MUST BE DELIVERED TO THE COMPANY (I) WITHIN 30 DAYS OF YOUR INITIAL ELIGIBILITY TO PARTICIPATE IN THE COMPANY’S DIRECTOR EQUITY DEFERRAL PLAN (THE “PLAN”) AND/OR (II) PRIOR TO DECEMBER 31 OF THE CALENDAR YEAR IMMEDIATELY PRIOR TO THE CALENDAR YEAR IN WHICH THIS ELECTION IS INTENDED TO TAKE EFFECT (THE “ELECTION DEADLINE”).    
THIS ELECTION SHALL ONLY BE EFFECTIVE AS TO TIME-BASED RSUS GRANTED PURSUANT TO THE COMPANY’S EQUITY INCENTIVE PLAN, EACH OF WHICH SHALL BE SUBJECT TO AN INDIVIDUAL AWARD AGREEMENT PROVIDING THE TERMS THEREOF (INCLUDING, IF APPLICABLE, ANY DIVIDEND EQUIVALENT RIGHTS).  TO THE EXTENT THAT ANY EQUITY AWARD IS SUBJECT TO DIVIDEND EQUIVALENT RIGHTS, ANY DIVIDEND EQUIVALENTS SHALL BE CREDITED TO YOU AND PAID OUT PURSUANT TO YOUR ELECTION SET FORTH BELOW.
WITH RESPECT OF THE INITIAL ELECTION PURSUANT TO THIS FORM, OCCURING IN CALENDAR YEAR 2022, SUCH ELECTION MUST BE FILED WITH THE COMPANY AND IRREVOCABLE BY NO LATER THAN JUNE 9, 2022.  SUCH ELECTION SHALL ONLY BE EFFECTIVE WITH RESPECT OF ANY EQUITY AWARDS GRANTED AFTER JUNE 9, 2022, AS CONSISTENT WITH THE REQUIREMENTS OF SECTION 409A.
I, ____________________, acknowledge and agree that this election is entirely voluntary.  

Election to Defer all or a portion of my Equity Awards:  
Check one of the two boxes below to defer all or a portion of the Equity Awards (as defined in the Plan) to be granted to you in your role as a member of the Company’s Board of Directors pursuant to the terms of the Plan and the remainder of this Election.
I hereby elect to defer settlement of _____%of my Equity Awards (based on the number of shares subject to such Equity Awards (rounded down to the nearest whole share) and not the value of such Equity Awards) granted in the calendar year of _____ pursuant to the Company’s Director Equity Deferral Plan.  
Pursuant to the terms of the Plan (including the acceleration events set forth therein), I hereby elect that the portion of my Equity Awards deferred pursuant to this Election will be settled in:
[  ]    Settlement of the deferred portion in calendar year _____. 
[  ]    Settlement of the deferred portion upon your Separation from Service (as defined in the Plan). 
    NOTWITHSTANDING THE FOREGOING, IN NO EVENT SHALL ANY EQUITY AWARD DEFERRED PURSUANT TO THIS ELECTION BE SETTLED PRIOR TO THE DATE ON WHICH SUCH EQUITY AWARD HAS VESTED IN FULL.    
TO THE EXTENT THAT ANY DEFERRAL PURSUANT TO THIS ELECTION WOULD OTHERWISE RESULT IN SETTLEMENT PRIOR TO THE DATE ON WHICH AN EQUITY AWARD IS VESTED IN FULL, SUCH EQUITY AWARD 

SHALL BE SETTLED FOLLOWING THE FINAL VESTING DATE OF SUCH EQUITY AWARD.
Notwithstanding the foregoing, all or a portion of your deferred Equity Awards pursuant to this Election shall accelerate and be settled upon the occurrence of certain trigger events, as set forth in the Plan.

This election shall only become effective if it is received by the Company by the Election Deadline.  
I understand that I will incur a tax obligation in connection with the vesting and settlement of any deferred Equity Awards pursuant to this Election.
If at the time the Equity Awards are settled and the shares thereunder issued, the Company has a designated broker with whom share issuances under the Company’s 2021 Equity Incentive Plan are to be deposited, then I understand that such shares shall be deposited in my name in my account with such designated broker.

PRINT NAME:     ____________________________________

SIGNATURE:     ____________________________________

DATE:     ____________________________________EX-10.1

  											Exhibit 10.1

   

  ShotSpotter, Inc.

  Amended and Restated Nonemployee Director Compensation Policy

  Adopted by the Board of Directors: June 27, 2022 

   

  1.General

  This ShotSpotter, Inc. Amended and Restated Nonemployee Director Compensation Policy (the “Policy”) is designed to provide for the compensation of each member of the board of directors (the “Board”) of ShotSpotter, Inc. (the “Company”) who is not an employee of the Company or any of its subsidiaries (each, a “Nonemployee Director”).  The Policy is effective as of June 27, 2022 and will continue in effect until its termination by the Board.  The Policy replaces and supersedes any and all compensation policies or programs previously established or maintained by the Company with respect to Nonemployee Directors; provided, however, that any options or restricted stock units (“RSUs”) outstanding on such effective date shall not be affected by this Policy and shall continue to be governed by the grant notice, agreement and equity incentive plan relating to such options or RSUs.

  2.Administration

  The Board, or any committee to whom the Board delegates the requisite authority, will administer the Policy.  The Board (or such committee) will have the sole discretion and authority to administer, interpret, amend and terminate the Policy, and the decisions of the Board (or such committee) will be final and binding on all persons having an interest in the Policy.

  3.Eligibility

  Each Nonemployee Director will be eligible to receive the compensation set forth in the Policy in accordance with the terms of the Policy.  Such compensation will be paid or granted, as applicable, automatically and without further action of the Board or any Board committee to each Nonemployee Director. 

  4.Annual Cash Compensation

  (a)	Cash Retainers.  Each Nonemployee Director is eligible to receive cash retainers at the applicable rates set forth in the following table for each full year of service as (i) a chairperson and/or member of the Board and (ii) a chairperson of a committee of the Board (“Committee”):

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	Role
	Annual Retainer Rate

	Board
	Chair
	$65,000

	Member (not Chair)
	$40,000

	Audit Committee
	Chair
	$15,000

	 
	Member (not Chair)
	$7,000

	Compensation Committee
	Chair
	$10,000

	 
	Member (not Chair)
	$5,000

	Nominating and Corporate Governance Committee
	Chair
	$7,500

	 
	Member (not Chair)
	$3,000

  Each Nonemployee Director will be eligible to receive each type of retainer set forth in the table above that is applicable to such Nonemployee Director.  Retainer payments will be made quarterly in arrears on or before the last business day of each calendar quarter and will be pro-rated for partial quarters of service based on the number of days served in the quarter divided by the number of days in the quarter.  Retainer payments for the quarter in which the 2022 annual meeting of stockholders occurs will also be pro-rated for the change in retainer amounts to take effect as of the date of such meeting.  

  (b)	Ability to Take Cash Compensation as RSUs.  

  (i)	Election.  

  (A)	2022 Cash Compensation.  Prior to March 31, 2022, each Nonemployee Director may elect to receive 100% of the annual cash compensation set forth in Section 4(a) for the second, third and fourth quarters of 2022 as RSUs under the Company’s 2017 Equity Incentive Plan or any successor equity incentive plan (the “Plan”).  

  (B)	Cash Compensation for 2023 and Future Years.  Prior to the start of each fiscal year (commencing with 2023), each Nonemployee Director may elect to receive 100% of the annual cash compensation set forth in Section 4(a) for that next fiscal year as RSUs under the Plan.

  Any RSU grant made pursuant to Clause (A) or (B) above is referred to herein as an “Optional RSU Grant”.  A Nonemployee Director may only make an election to receive an Optional RSU Grant when, at the time of such election, the Company is not in a quarterly or special blackout period and the Nonemployee Director is not aware of any material non-public information.  Any election to receive an Optional RSU Grant must be submitted to the Company’s Chief Financial Officer in writing and will be irrevocable for the applicable fiscal year, and will be subject to such rules, conditions and procedures as shall be determined by the Board or the Compensation Committee, in its sole discretion.  Each Optional RSU Grant will be subject to the terms of this Section 4(b), the Plan, and the applicable award agreement in the form adopted from time to time by the Board or its Compensation Committee.  

  (ii)	Number of Shares Subject to Optional RSU Grant.  The number of shares underlying an Optional RSU Grant for each applicable quarter will be equal to (x) the aggregate cash compensation for such calendar quarter, as applicable (each, a “Retainer Quarter”), as determined pursuant to Section 4(a) above divided by (y) the closing price of the Company’s common stock on the date that is two trading days following the public dissemination of the Company’s financial results during the prior fiscal quarter, rounded down to the nearest whole share; provided, however, that the number of shares subject to any Optional RSU Grant may be reduced to the extent necessary to ensure that the Company’s compensation of Nonemployee Directors does not exceed the limit set forth in Section 3(e) of the Plan.  For example, if the Retainer Quarter is the fourth quarter of the Company’s fiscal year, 

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  the number of shares will be determined based on the closing price of the Company’s common stock on the date that is two trading days following the public dissemination of the Company’s financial results for the second quarter.

  (iii)	Grant Date.  The grant date for an Optional RSU Grant will be the first trading day on the Nasdaq Stock Market LLC of the applicable Retainer Quarter.

  (iii)	Vesting.  Each Optional RSU Grant will vest on the last trading day of the applicable fiscal quarter during which it was granted, provided in each case that the holder remains a Nonemployee Director on such vesting date.  In addition, if a Change in Control (as defined in the Plan) occurs prior to the last trading day of the applicable fiscal quarter, the vesting of the Optional RSU Grant will accelerate for the pro-rated portion of the Optional RSU Grant based on the number of days served in the quarter divided by the number of days in the quarter.

  (iv)	Changes in Cash Compensation Amount.  In the event a Nonemployee Director were to become entitled to a greater annual cash compensation amount (either as a result of an increase in the cash compensation amounts approved by the Board or a new Committee membership or role) during a particular Retainer Quarter, such Nonemployee Director will be entitled to receive the difference paid in cash pursuant to the terms above.  There would be no effect upon the Optional RSU Grant in the event a Nonemployee Director would have otherwise been entitled to a lesser amount of cash compensation than that which was used to calculate the Optional RSU Grant as a result of a decrease in the cash compensation amounts approved by the Board or a decreased Committee membership or role.  

  5.RSU Awards

   (a)	Initial Awards.  Each Nonemployee Director elected to the Board after this Policy is adopted, other than at an annual meeting of stockholders (a “New Director”), will be eligible to receive an RSU award (an “Initial Award”) based on the dollar amounts set forth in the following table, multiplied by a fraction, the numerator of which is the number of days that will elapse between and including the date of his or her appointment and the first anniversary of the previous annual meeting of stockholders, and the denominator of which is 365:

  			
	Role
	Dollar Value of Initial Award

	Board
	Chair
	$150,000, subject to reduction as provided below

	Member (not Chair)
	$125,000

  If a New Director is appointed as the chairperson of the Board and the chairperson of any Committee(s) in connection with his or her initial election to the Board, the dollar value of his or her Initial Award in respect of being chairperson of the Board will be decreased by the cash retainer amount(s) applicable to the chairperson role(s) of such Committee(s) (e.g., if the chairperson of the Board is also the chairperson of the Compensation Committee, the dollar value of the Initial Award for the New Director associated with serving on as the chairperson of the Board will be reduced from $150,000 to $140,000).  The date of grant of Initial Awards will be the effective date of such New Director’s appointment to the Board or, if such date is within a closed trading window under the Company’s Policy Regarding Stock Trading by Officers, Directors and Other Designated Employees, the next business day on which the trading window is open.

   (b)	Annual Awards.  On the date of each annual meeting of stockholders, each Nonemployee Director in office immediately after such meeting will be eligible to receive an RSU award (an “Annual Award”) for service as a Nonemployee Director based on the dollar amounts set forth in the following table:

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	Role
	Dollar Value of Annual Award

	Board
	Chair
	$150,000, subject to reduction as provided below

	Member (not Chair)
	$125,000

  If, on the date of grant of an Annual Award, any Nonemployee Director is serving as the chairperson of the Board and also the chairperson of any Committee(s), the dollar value of his or her Annual Award in respect of being chairperson of the Board will be decreased by the cash retainer amount(s) applicable to the chairperson role(s) of such Committee(s) (e.g., if the chairperson of the Board is also the chairperson of the Compensation Committee, the dollar value of the Annual Award associated with serving on as the chairperson of the Board will be reduced from $150,000 to $140,000).  The date of grant of Annual Awards will be the date of the applicable annual meeting of stockholders.

   (c)	Number of Shares Subject to RSU Awards.  The number of shares subject to an Initial Award or Annual Award (either, an “RSU Award”) will be equal to (i) the applicable dollar amount determined pursuant to Section 5(a) or 5(b) above, divided by (ii) the closing price of the Company’s common stock on the date of grant, rounded down to the nearest whole share; provided, however, that the number of shares subject to any RSU Award may be reduced to the extent necessary to ensure that the Company’s compensation of Nonemployee Directors does not exceed the limit set forth in Section 3(e) of the Plan.

  (d)	Other Terms of RSU Awards.  Each RSU Award will be granted under the Plan and will be subject to the terms of the Plan, the applicable award agreement and this Policy.  Each RSU Award will vest on the earlier of (i) the first anniversary of the date of grant and (ii) the date of the next annual meeting of stockholders.  In addition, the vesting of all RSU Awards will accelerate in full upon a Change in Control (as defined in the Plan) or immediately prior to the effectiveness of a Nonemployee Director’s resignation or removal (and contingent upon the effectiveness of a Change in Control) in the event that the Nonemployee Director is required to resign his or her position as a Nonemployee Director as a condition of the Change in Control or the Nonemployee Director is removed from his or her position as a Nonemployee Director in connection with the Change in Control.  Vesting will cease upon the termination of the Nonemployee Director’s service as a member of the Board and any RSUs subject to such RSU Award that are unvested on the date of such termination will be automatically forfeited by such Nonemployee Director on such date.

  6.Expenses

  Each Nonemployee Director will be eligible for reimbursement from the Company for all reasonable out-of-pocket expenses incurred in connection with attending in-person meetings of the Board or any Committee.  To the extent that any taxable reimbursements are provided to any Nonemployee Director, they will be provided in accordance with Section 409A of the Internal Revenue Code of 1986, including, but not limited to, the following provisions: (i) the amount of any such expenses eligible for reimbursement during such individual’s taxable year may not affect the expenses eligible for reimbursement in any other taxable year; (ii) the reimbursement of an eligible expense must be made no later than the last day of such individual’s taxable year that immediately follows the taxable year in which the expense was incurred; and (iii) the right to any reimbursement may not be subject to liquidation or exchange for another benefit.

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