Document:

Restricted Stock Agreement under the Registrant's 1995 Stock Plan

 EXHIBIT 10.7 
  
 RESTRICTED STOCK AGREEMENT 
  
 Non-transferable 
  
 GRANT TO 
  
 [            ] 
 (“Grantee”) 
  
 by Premiere Global Services,
Inc. (f/k/a PTEK Holdings, Inc.) (the “Company”) of 
  
 [    ] 
  
 shares of its common
stock, $0.01 par value (the “Shares”) 
  
 pursuant to and subject to the
provisions of the Premiere Global Services, Inc. 1995 Stock Plan (the “Plan”) and to the terms and conditions set forth on the following page (the “Terms and Conditions”). 
  
 Unless sooner vested in accordance with Section 3 of the Terms and
Conditions, the restrictions imposed under Section 2 of the Terms and Conditions will expire as to the following fractions of the Shares awarded hereunder, on the following respective dates; provided that Grantee is then still employed by the
Company or any of its affiliates: 
  

			
	 Fraction of Shares

	  	 Date of Expiration
 of
Restrictions

	             1/3
	  	 1st
Anniversary of Grant Date

	             1/3
	  	 2nd
Anniversary of Grant Date

	             1/3
	  	 3rd
Anniversary of Grant Date

  
 IN WITNESS WHEREOF,
Premiere Global Services, Inc., acting by and through its duly authorized officers, has caused this Agreement to be executed as of the Grant Date. 
  

			
	 PREMIERE GLOBAL SERVICES, INC.

		
	 By:
	 	  

	 	 	 L. Scott Askins

	 Its:
	 	 SVP – Legal and General Counsel

	
	 Grant Date:
                                

	
	 Accepted by Grantee:
                                        
        

  

			
	PG1 RSA 1995 Stock Plan Form 2005	 	 1

 TERMS AND CONDITIONS 
  
 1. Grant of Shares. Premiere Global Services, Inc. (the “Company”) hereby grants to the Grantee named on Page 1 hereof (“Grantee”), subject to
the restrictions and the other terms and conditions set forth in the Premiere Global Services, Inc. 1995 Stock Plan (the “Plan”) and in this award agreement (this “Agreement”), the number of shares indicated on Page 1 hereof of
the Company’s $0.01 par value common stock (the “Shares”). Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Plan. 
  
 2. Restrictions. The Shares are subject to each of the following restrictions.
“Restricted Shares” mean those Shares that are subject to the restrictions imposed hereunder which restrictions have not then expired or terminated. Restricted Shares may not be sold, transferred, exchanged, assigned, pledged, hypothecated
or otherwise encumbered. If Grantee’s employment with the Company or any affiliate terminates for any reason other than as set forth in paragraph (b) of Section 3 hereof, then Grantee shall forfeit all of Grantee’s right, title and
interest in and to the Restricted Shares as of the date of employment termination, such Restricted Shares shall revert to the Company immediately following the event of forfeiture. The restrictions imposed under this Section 2 shall apply to all
shares of the Company’s common stock or other securities issued with respect to Restricted Shares hereunder in connection with any merger, reorganization, consolidation, recapitalization, stock dividend or other change in corporate structure
affecting the common stock of the Company. 
  
 3. Expiration and Termination of
Restrictions. The restrictions imposed under Section 2 will expire on the earliest to occur of the following (the period prior to such expiration being referred to herein as the “Restricted Period”): 
  
 (a) As to the fractions of the Shares specified on page 1 hereof, on the
respective dates specified on page 1 hereof; provided Grantee is then still employed by the Company or an affiliate; or 
  
 (b) As to all of the unvested Shares, on the date of termination of Grantee’s employment by reason of death or disability. 
  
 4. Delivery of Shares. The Shares will be registered in the name of Grantee as of the
Grant Date and will be held by the Company during the Restricted Period in certificated or uncertificated form. If a certificate for Restricted Shares is issued during the Restricted Period with respect to such Shares, such certificate shall be
registered in the name of Grantee and shall bear a legend in substantially the following form (in addition to any legend required under applicable state securities laws): 
  
 “This certificate and the shares of stock represented hereby are subject to the terms and conditions (including forfeiture and
restrictions against transfer) contained in a Restricted Stock Agreement between the registered owner of the shares represented hereby and Premiere Global Services, Inc. Release from such terms and conditions shall be made only in accordance with
the provisions of such Agreement, copies of which are on file in the offices of Premiere Global Services, Inc.” 
  
 Stock certificates for the Shares, without the first above legend, shall be delivered to Grantee or Grantee’s designee upon request of Grantee after the expiration
of the Restricted Period, but delivery may be postponed for such period as may be required for the Company with reasonable diligence to comply if deemed advisable by the Company, with registration requirements under the Securities Act of 1933, as
amended, listing requirements under the rules of any stock exchange, and requirements under any other law or regulation applicable to the issuance or transfer of the Shares. 
  
 5. Voting and Dividend Rights. Grantee, as beneficial owner of the Shares, shall have full voting and dividend rights with respect to
the Shares during and after the Restricted Period. If Grantee forfeits any rights he or she may have under this Agreement in accordance with Section 2, Grantee shall no longer have any rights as a shareholder with respect to the Restricted Shares or
any interest therein and Grantee shall no longer be entitled to receive dividends on such stock. In the event that for any reason Grantee shall have received dividends upon such stock after such forfeiture, Grantee shall repay to the Company any
amount equal to such dividends. 
  
 6. Changes in Capital Structure. The
provisions of the Plan shall apply in the case of a change in the capital structure of the Company. Without limiting the foregoing, in the event of a subdivision of the outstanding Stock (stock-split), a declaration of a dividend payable in Stock,
or a combination or consolidation of the outstanding Stock into a lesser number of shares, the Shares then subject to this Agreement shall automatically be adjusted proportionately. 
  
 7. No Right of Continued Employment. Nothing in this Agreement shall interfere with or limit in any way the right of the Company or
any affiliate to terminate Grantee’s employment at any time, nor confer upon Grantee any right to continue in the employ of the Company or any affiliate. 
  

8. Payment of Taxes. Upon issuance of the Shares hereunder, Grantee may make an election to be taxed upon such award under Section 83(b) of the Code. To effect
such election, Grantee may file an appropriate election with Internal Revenue Service within thirty (30) days after award of the Shares and otherwise in accordance with applicable Treasury Regulations. Grantee will, no later than the date as of
which any amount related to the Shares first becomes includable in Grantee’s gross income for federal income tax purposes, pay to the Company, or make other arrangements satisfactory to the Committee, regarding payment of, any federal, state
and local taxes of any kind required by law to be withheld with respect to such amount. The obligations of the Company under this Agreement will be conditional on such payment or arrangements, and the Company, and, where applicable, its affiliates
will, to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to Grantee. 
  
 9. Amendment. The Committee may amend, modify or terminate this Agreement without approval of Grantee; provided, however, that such amendment, modification or
termination shall not, without Grantee’s consent, reduce or diminish the value of this award determined as if it had been fully vested (i.e., as if all restrictions on the Shares hereunder had expired) on the date of such amendment or
termination. 
  
 10. Plan Controls. The terms contained in the Plan are
incorporated into and made a part of this Agreement and this Agreement shall be governed by and construed in accordance with the Plan. In the event of any actual or alleged conflict between the provisions of the Plan and the provisions of this
Agreement, the provisions of the Plan shall be controlling and determinative. 
  
 11. Successors. This Agreement shall be binding upon any successor of the Company, in accordance with the terms of this Agreement and the Plan. 
  

12. Severability. If any one or more of the provisions contained in this Agreement is deemed to be invalid, illegal or unenforceable, the other provisions of
this Agreement will be construed and enforced as if the invalid, illegal or unenforceable provision had never been included. 
  
 13. Notice. Notices and communications under this Agreement must be in writing and either personally delivered or sent by registered or certified United States
mail, return receipt requested, postage prepaid. Notices to the Company must be addressed to: 
  
 Premiere Global Services, Inc. 
 3399 Peachtree Road, N.E. 
 The Lenox Building, Suite 700 
 Atlanta, Georgia 30326 
 Attn: Director, Stock Plan Management 
  
 or any
other address designated by the Company in a written notice to Grantee. Notices to Grantee will be directed to the address of Grantee then currently on file with the Company, or at any other address given by Grantee in a written notice to the
Company. 
  

 2EXHIBIT 10.1

 Exhibit 10.1 
  
 TREX COMPANY, INC. 
 Amended and Restated 
 1999 Stock Option and Incentive Plan 
 Non-Incentive Stock Option Agreement 
  

			
	Grant Date:	 	Stock Option Exercise Price:
	Last Date to Exercise:                      1/	 	 

  
 Number of Shares of Common Stock

 Covered by Grant of Options: 
  
 We are pleased to inform you that the Board of Directors has granted you an option (the “Option”) to purchase Trex Company, Inc. common stock. Your grant has
been made under the Company’s Amended and Restated 1999 Stock Option and Incentive Plan (the “Plan”), which, together with the terms contained in this Agreement, sets forth the terms and conditions of your grant and is incorporated
herein by reference. If any provisions of the Agreement should appear to be inconsistent with the Plan, the Plan will control. 
  

	
	This stock option grant has been executed and delivered as of                      on
behalf of Trex Company, Inc.
	
	  

	Robert G. Matheny
	Chairman and Chief Executive Officer

  

	
	ACCEPTED AND AGREED TO:
	  
  

	 Employee Name

  
 This is not a stock
certificate or a negotiable instrument. Transferable only pursuant to Section 11.2 of the Plan. 
  

	1	Certain events can cause an earlier termination of the Option. See “Effects of Changes in Capitalization” in the Plan. 

  
  

 1. Vesting: 
  
 Subject to the terms of the Plan, the Option becomes vested as to 33% of the shares of Stock purchasable pursuant to the Option on the first anniversary of the date of
grant of the Option, if you have been providing services to the Company or a Subsidiary continuously from the Option’s date of grant to the first anniversary of the date of grant (the “Anniversary Date”) and, so long as continuous
provision of services has not been interrupted, the Option becomes vested as to an additional 33% of the shares of Stock subject to the Option on each of the next two (2) Anniversary Dates. Notwithstanding the foregoing, if you should incur an
Involuntary Termination within a one year period following a Change in Control, the Option shall become 100% vested at the time of your termination. “Change in Control” means the dissolution or liquidation of the Company or a merger,
consolidation, or reorganization of the Company with one or more other entities in which the Company is not the surviving entity, (ii) a sale of substantially all of the assets of the Company to another person or entity, or (iii) any transaction
(including without limitation a merger or reorganization in which the Company is the surviving entity) which results in any person or entity (other than persons who are shareholders or Affiliates immediately prior to the transaction) owning 50% or
more of the combined voting power of all classes of stock of the Company. “Involuntary Termination” means a termination of employment by the Company for a reason other than Cause or by you if the Company takes any action which results in a
diminution in any material respect with your position (including status, offices, titles and reporting requirements), compensation, authority, duties or responsibilities, excluding for this purpose an isolated, insubstantial and inadvertent action
not taken in bad faith and which is remedied by the Company promptly after receipt of notice thereof given by you. 
  
 2. Exercise: 
  
 You may exercise this Option, in whole or in part, to purchase a whole number of vested shares at any time of not less than 100 shares, unless the number of shares purchased is the total number available for purchase
under the Option, by following the exercise procedures as set forth in the Plan. All exercises must take place before the Last Date to Exercise (shown on the cover sheet), or such earlier date following your death, disability, retirement, or your
ceasing to provide services as described below under “Service Requirements.” The number of shares you may purchase as of any date cannot exceed the total number of shares vested by that date, less any shares you have previously acquired by
exercising this Option. 
  
 3. Service Requirements and Termination of Option:

  
 If your service terminates, except as provided in Section 1 above and
this Section 3, all further vesting of shares under this Option stops and all unvested shares are canceled. 
  
 If your service terminates for a reason other than: (i) for Cause or (ii) because of your death, permanent and total disability or retirement, you will have ninety (90) days after your provision of services ceases to
exercise your vested Option shares, but in no event may the Option be exercised after the Last Date to Exercise. After the 90 days have elapsed, your Option will terminate. 
  
 If your service terminates because of your death, permanent and total disability, or retirement, you or your estate will have a period of
five years to exercise any Options, whether or not the Options were otherwise exercisable at the time of your death, permanent and total disability, or retirement, but in no event may the Options be exercised after the Last Date to Exercise. After
the five year period has elapsed, your Options will terminate. 
  
 Your Option
will terminate immediately upon termination of your services for Cause. “Cause” means, as determined by the Board, (i) gross negligence or willful misconduct in connection with the performance of duties; (ii) conviction of a felony or of a
crime involving moral turpitude; or (iii) material breach of any term of any employment, consulting or other services, confidentiality, intellectual property or non-competition agreements. 
  
 4. Taxes and Withholding: 
  
 This Option shall not constitute an incentive stock option within the meaning of Section 422
of the Internal Revenue Code of 1986, as amended. In the event that the Company determines that any federal, state, local or foreign tax or withholding payment is required relating to the exercise or sale of shares arising from this grant, the
Company shall have the right to require such payments from you, or withhold such amounts from other payments due to you from the Company, a Subsidiary or an Affiliate. 
  
 5. Transferability: 
  
 The Option may be transferred in a manner consistent with Section 11.2 of the Plan. 
  
 * * * * *

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