Document:

EX-10.5

 Exhibit 10.5 
 WESTMORELAND COAL COMPANY 
 Restricted Stock Unit Agreement

 Granted under the 2007 Equity Incentive Plan for Employees and Non-Employee Directors 

 

					
			
		 	Name of Recipient:  	 	 
		 		 	
		 	Number of restricted stock units awarded:  	 	 
		 		 	
		 	Grant Date:  	 	 

 Westmoreland Coal Company (the “Company”) has selected you (the “Recipient”) to
receive the restricted stock unit award described above, which is subject to the provisions of the Company’s 2007 Equity Incentive Plan for Employees and Non-Employee Directors (the “Plan”) and the terms and conditions contained in
this Restricted Stock Unit Agreement (this “Agreement”). The terms and conditions of the award of restricted stock units (the “Restricted Stock Units”) made to the Recipient are as follows: 

1. Issuance of Restricted Stock Units. 
 (a) The Restricted Stock Units are issued to the Recipient on the Grant Date set forth above, in consideration of director services to be rendered by the Recipient to the Company. Each Restricted Stock
Unit represents the right to receive one share of the Company’s common stock, $2.50 par value per share (the “Common Stock”) upon vesting in accordance with the vesting schedule set forth in Section 2. Alternatively, the
Company may elect at any time prior to the vesting date, in lieu of issuing Common Stock, to pay the Recipient cash equal to the fair market value of the Common Stock as to which rights have vested. The Company may make such election by notifying
you in writing of its intention to pay cash in lieu of issuing stock on the vesting date. The fair market value will be the value of the Common Stock on the vesting date, determined based on the closing price of the Common Stock on the principal
U.S. exchange on which the Common Stock is traded on the vesting date. Unless and until the Restricted Stock Units vest, Recipient will have no right to receive shares of Common Stock. 

(b) The shares of Common Stock issuable upon vesting of the Restricted Stock Units (the “RSU Shares”) shall be deemed issued to
you and outstanding as of the vesting date. You will be considered a shareholder as to the RSU Shares as of the vesting date. Notwithstanding any other provisions of this Agreement, the Company shall not be obligated to issue or deliver any RSU
Shares if the issuance or delivery thereof shall constitute a violation of any provision of any law or of any regulation of any governmental authority, and the issuance or delivery of any RSU Shares may be postponed for such period as may be
required to comply with any requirements under any law or regulation applicable to the issuance or delivery of such shares. The Recipient agrees that his or her right to receive the RSU Shares shall be subject to the vesting schedule set forth in
Section 2 of this Agreement, the termination provisions set forth in Section 3 of this Agreement, and the restrictions on transfer set forth in Section 4 of this Agreement. 

 2. Vesting. 
 (a) Vesting Schedule. Unless otherwise provided in this Agreement or the Plan, the Restricted Stock Units shall vest in full on the first anniversary of the Grant. 

(b) Acceleration of Vesting. Notwithstanding the foregoing vesting schedule, all unvested Restricted Stock Units shall vest
effective immediately prior to (i) a Change in Control Event (as defined in the Plan) or (ii) the death, Disability (as defined below) or Qualifying Retirement (as defined below) of the Recipient. 

(c) Definitions. For purposes of this Agreement: 

(i) “Disability” means a physical or mental infirmity which impairs the Recipient’s ability to
substantially perform his or her duties for a period of 180 consecutive days. 
 (ii) A “Qualifying
Retirement” means a retirement of a member of the Board deemed to be in the ordinary course by a majority vote of the Board of Directors. 
 (d) Reorganization Event. If the Company undergoes a Reorganization Event (as defined in the Plan) other than a liquidation or dissolution, the Restricted Stock Units will represent a right to
receive the cash, securities or other property into which the Common Stock of the Company was converted or for which it was exchanged pursuant to the Reorganization Event. Upon a liquidation or dissolution of the Company, all restrictions and
conditions on all Restricted Stock Units are automatically deemed terminated or satisfied. 
 3. Termination of Unvested
Restricted Stock Units Upon Termination. In the event that the Recipient ceases to be a director of the Company for any reason or no reason, with or without cause (except as provided in Section 2(b) above), all of the Restricted
Stock Units that are unvested as of the time of such termination shall be terminated immediately and automatically, without the payment of any consideration to the Recipient, effective as of such termination of service. The Recipient shall have no
further rights with respect to any Restricted Stock Units that are so terminated, and shall have no further right to receive any RSU Shares (or cash equivalent). 
 4. Restrictions on Transfer. The Recipient shall not sell, assign, transfer, pledge, hypothecate or otherwise dispose of, by operation of law or otherwise (collectively “transfer”) any
Restricted Stock Units, or any interest therein, until such Restricted Stock Units have vested. The Company shall not be required to treat as owner of such Restricted Stock Units any transferee to whom such Restricted Stock Units have been
transferred in violation of any of the provisions of this Agreement. 
 5. Rights as a Shareholder. Until vested in
accordance with Section 2, the Recipient shall have no right to vote the RSU Shares or to act in respect of the RSU Shares at any meeting of shareholders and is not entitled to any dividends paid with respect to the RSU Shares.

 6. Provisions of the Plan. This Agreement is subject to the provisions of the Plan, a copy of which will be furnished
to you upon your request. 

  
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 7. Tax Matters. The Recipient acknowledges that he or she is responsible for
obtaining the advice of the Recipient’s own tax and financial advisors with respect to the federal and state tax considerations resulting from Recipient’s receipt of Restricted Stock Units and the RSU Shares. The Recipient understands that
the Company will report to appropriate taxing authorities the payment to the Recipient of compensation income upon the vesting of the Restricted Stock Units. The Recipient understands that the Recipient (and not the Company) shall be responsible for
the Recipient’s federal and state tax liability that may arise in connection with the acquisition, vesting and/or disposition of the Restricted Stock Units and the RSU Shares. 

8. Miscellaneous. 
 (a) Authority of Compensation and Benefits Committee. In making any decisions or taking any actions with respect to the matters covered by this Agreement, the Compensation and Benefits Committee
shall have all of the authority and discretion, and shall be subject to all of the protections, provided for in the Plan. All decisions and actions by the Compensation and Benefits Committee with respect to this Agreement shall be made in the
Compensation and Benefits Committee’s discretion and shall be final and binding on the Recipient. 
 (b) Governing
Law. This Agreement shall be construed, interpreted and enforced in accordance with the internal laws of the State of Delaware without regard to any applicable conflicts of laws provisions. 

(c) Conflicts and Interpretation. In the event of any conflict between this Agreement and the Plan, this Agreement shall control.
In the event of any ambiguity in this Agreement, or any matters as to which this Agreement is silent, the Plan shall govern, including, without limitation, the provisions thereof pursuant to which the Compensation and Benefits Committee has the
power, among others, to (i) interpret the Plan, (ii) amend and repeal administrative rules, guidelines and practices relating to the Plan and (iii) make all other determinations deemed necessary or advisable for the administration of
the Plan. 
 (d) Compliance with Code Section 409A. The Restricted Stock Units granted under this Agreement are
intended to fit within the “short-term deferral” exemption from section 409A of the Internal Revenue Code. In administering this Agreement, the Company shall interpret this Agreement in a manner consistent with such exemption. 

(e) Recipient’s Acknowledgments. The Recipient acknowledges that he or she has read this Agreement and the Plan, and
understands the terms and conditions of these documents. 
  

			
	WESTMORELAND COAL COMPANY
		
	By:	 	 
	Name:	 	
	Title:	 	

  

	
	Accepted and Agreed:
	
	  
	Name:

  
 3EX-10.35

 Exhibit 10.35 
 AGREEMENT, RELEASE AND WAIVER OF ALL CLAIMS 
 WHEREAS, this
Agreement, Release and Waiver of All Claims is made and entered into this 29th day of June, 2011 by and between Ultralife Corporation (“Ultralife”) and Patrick Hanna (“Employee”). 

NOW, THEREFORE, in consideration of the premises and covenants hereinafter set forth, the parties agree as follows: 

1. (a) Ultralife agrees to pay Employee severance in the sum of his/her regular bi-weekly pay rate for a period from the beginning of
September 1, 2011 through May 31, 2012 (nine months) minus all required withholding for any federal, state and local income taxes, social security, unemployment and other normal payroll deductions, as set forth in Paragraph 6 of this
Agreement. 
 (b) Ultralife agrees to continue medical and dental coverage through May 31, 2012. Employer shall pay the
cost of that coverage for the employee. Once the 9 month period has expired the employee is eligible for COBRA coverage which the employee is responsible for paying. 

(c) Ultralife agrees to keep your vested stock options active through May 31st, 2012. Once the severance period is completed, per the stock option
agreement you will have ninety (90) days (or until the options expiration date, if earlier) to exercise vested options. 

2. (a) In exchange for and in consideration of this Agreement, Release and Waiver of All Claims, Employee irrevocably and unconditionally
releases and discharges Ultralife, its past and present officers, directors, agents, representatives, employees, parent company, subsidiaries, affiliates, successors and assigns (hereinafter collectively referred to as “Releasees”),
jointly and individually, from any and all actions, causes of action, obligations, liabilities, judgments, suits, debts, attorneys’ fees, costs, sums of money, wages, bonuses, benefits, accounts, reckonings, bonds, bills, specialties,
covenants, contracts, controversies, agreements, promises, variances, trespasses, damages, extents, executions, claims and demands whatsoever in law, or in equity, which against the Releasees, Employee, his/her heirs, executors, administrators,
successors and assigns, ever had, now have or hereafter can, shall or may have for, upon or by reason of any matter, cause or thing whatsoever related to Employee’s employment with Ultralife and/or his/her termination from said employment, from
the start of said employment to the date this Agreement, Release and Waiver of All Claims is executed. 
 (b) Said release
covers, without limitation, any claims of discrimination on the basis of sex, sexual harassment, disability, handicap, race, color, religion, creed, national origin, ancestry, age (including, without limitation, any rights or claims under the Age
Discrimination in Employment Act of 1967, as amended), citizenship, ethnic characteristics, veteran status, sexual or affectional preference or marital status and also includes, no matter how denominated or described, any claims of discrimination
and retaliation under any federal, state or local law, rule, regulation or executive order, and any claims of wrongful discharge or termination, unjust dismissal, constructive discharge, breach of contract, written or oral, express or implied,
breach of promise, public policy, negligence, retaliation, lack of sufficient notice of 

 
termination or layoff, defamation, libel, slander, impairment of economic opportunity, loss of business opportunity, fraud, misrepresentation, whistleblower activities, perceived disability,
history of disability, occupational disease or injury, workers’ compensation benefits, attorneys’ fees, and payment of wages or fringe benefits, from the start of Employee’s employment to the date this Agreement, Release and Waiver of
All Claims is executed. 
 (c) Nothing in this Paragraph 2 is intended to or constitutes a waiver of any rights either party may
have under this Agreement, Release and Waiver of All Claims. 
 (d) Employee understands and agrees that he/she would not
receive the severance specified in Paragraph 1 above, except for his/her execution of this Agreement, Release and Waiver of All Claims and the fulfillment of the promises contained herein. 

3. Employee acknowledges and agrees that, by signing this Agreement, Release and Waiver of All Claims, he/she is surrendering and giving
up any right he/she has or may have, without limiting the generality of any other provision herein: to assert any claim against or involving the Releasees arising from or in any way relating to his/her employment with Ultralife and/or his/her
termination from said employment, or to permit himself/herself to be a member of any class seeking relief against the Releasees. Employee further agrees that he/she will not counsel, voluntarily appear as a witness, voluntarily provide documents or
information, or otherwise assist in the prosecution of any claims, class action or otherwise against the Releasees. Provided, however, that nothing in this Agreement shall be construed to prohibit you from filing a charge with or participating in
any investigation or proceeding conducted by the EEOC or a comparable state or local agency. Notwithstanding the foregoing, you agree to waive your right to recover monetary damages in any charge, complaint or lawsuit filed by you or by anyone else
on your behalf. 
 4. By signing this Agreement, Release and Waiver of All Claims, Employee acknowledges and agrees that:

 (a) he/she has been afforded a reasonable and sufficient period of time to review, for deliberation thereon and for
negotiation of the terms thereof and he/she has been specifically advised by Ultralife to consult with an attorney of his/her choice before signing it; 
 (b) he/she has carefully read and fully understands the terms of this Agreement, Release and Waiver of All Claims; 
 (c) he/she has signed this Agreement, Release and Waiver of All Claims freely and voluntarily and without duress or coercion and with full knowledge of its significance and consequences and of the rights
relinquished, surrendered, released and discharged hereunder; 
 (d) the only consideration for signing this Agreement, Release
and Waiver of All Claims are the terms stated herein and no other promise, agreement or representation of any kind has been made to him/her by any person or entity whatsoever to cause him/her to sign this Agreement, Release and Waiver of All Claims;

  
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 (e) he/she was advised that in order to receive the consideration set forth in Paragraph 1
of this Agreement, Release and Waiver of All Claims, all persons offered such consideration must execute such Agreement, Release and Waiver of All Claims and return it to Angie Scanlon, VP of Human Resources, within no more than forty-five
(45) days after receiving it, and that each eligible employee has seven (7) days to revoke such Agreement in writing; 

(f) that he/she was advised that the following (see Attachment A) are the job titles and ages of all individuals selected for termination
in the employment termination program. 
 (g) that he/she was advised that the following (see Attachment B) are the job titles
and ages of all individuals who were not selected for termination in the employment termination program. 
 (h) that he/she was
offered a period of at least but not more than forty-five (45) days after his/her receipt of this Agreement, Release and Waiver of All Claims to consider it. 
 (i) that if at any point he/she becomes employed by Ultralife, its parent company or any affiliate of Ultralife or its parent company during the period of payments referenced in Paragraph 1 and Paragraph
6 of this Agreement, such payments shall cease immediately on the date of hire. 
 (j) that he/she has returned all company
property to Human Resources or his/her supervisor. 
 5. This Agreement, Release and Waiver of All Claims may be revoked by
Employee at any time during the period of seven (7) days following the date of his/her execution of the Agreement, Release and Waiver of All Claims by delivering such revocation in writing to Angie Scanlon, VP of Human Resources, at her office
at Ultralife Corporation, 2000 Technology Parkway, Newark, New York 14513 and that this Agreement shall not become effective or enforceable until this seven-day period has expired. Employee further agrees that if he/she exercises his/her right
to revoke the Agreement within seven days, his/her termination of employment will nevertheless occur, he/she will not be entitled to the payment referenced in Paragraph 1 above, and he/she will return any consideration received pursuant hereto to
Ultralife. If such seven-day revocation period expires without Employee exercising his/her revocation right, the obligations of this Agreement, Release and Waiver of All Claims will then become fully effective as more fully set forth herein.

 6. The payments referenced in Paragraph 1 above shall be made by mailing or directly depositing a
check in the above-referenced amount made payable to employee on the Friday of the applicable bi-weekly pay periods for a period from September 1, 2011 through May 31st, 2012 commencing on the pay date after the occurrence of all of the following events: (1) the complete
execution of this Agreement, Release and Waiver of All Claims; (2) the receipt of the original of same by Angie Scanlon, VP of Human Resources; and (3) the expiration of the seven-day revocation period (as described in Paragraph 5
above). 

  
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 7. Employee agrees to keep confidential the terms of this Agreement, Release and Waiver of
All Claims and not to disclose any information regarding its existence or substance, except to an attorney with whom Employee chooses to consult regarding his/her consideration of this Agreement, Release and Waiver of All Claims. Notwithstanding the
foregoing, Employee may inform his/her immediate family and his/her legal and tax advisors of the amount and nature of this agreement and that he/she voluntarily chose to enter into it. However, before disclosing any such information to any such
person, Employee shall advise such person that the terms of the Agreement, Release and Waiver of All Claims are confidential and that disclosure of the terms of the Agreement, Release and Waiver of All Claims will subject such person to suit by
Ultralife and to Employee’s forfeiture of the amounts and benefits set forth in Paragraph 1 above. Any inquiries regarding Employee shall be responded to consistent with Ultralife’s regular policy of providing only the dates of his/her
employment and the position(s) he/she held. 
 8. Nothing contained in this Agreement, Release and Waiver of All Claims, nor the
fact that any party has signed it, shall be considered or deemed to be an admission of any wrongdoing on any of their parts and/or on the part of any Releasee, or any violation or breach of any federal, state or municipal law, statute, ordinance or
executive order by any of them and/or by any of the Releasees. 
 9. Employee’s last day of active
employment with Ultralife is August 31st , 2011. The
severance payments to be made by Ultralife pursuant to Paragraph 1 of this Agreement are in addition to any amounts Employee was or may have been entitled to receive from Ultralife in the normal course of his/her employment with Ultralife. This
Agreement reflects the agreement reached among the parties. There is no other agreement except as stated herein. This Agreement shall at all times be construed and governed by the laws of the State of New York. It may not be changed unless the
change is in writing and signed by all parties. Employee acknowledges that he/she would not receive the severance specified in Paragraph 1 of this Agreement, except for the execution of this Agreement, Release and Waiver of All Claims and the
fulfillment of the promises contained herein. 
 10. Employee acknowledges that the terms of this Agreement, Release and Waiver
of All Claims are accepted by him/her as full and complete resolution, accord and satisfaction of any and all claims or demands arising out of or relating to his/her employment with Ultralife and/or his/her termination from said employment.

 11. The invalidity of any provision of this Agreement, Release and Waiver of All Claims shall not affect the validity of any
other provision thereof. 

  
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 IN WITNESS WHEREOF, the parties hereto knowingly and voluntarily executed this
Agreement, Release and Waiver of All Claims as of the date set forth below. 
  

							
	EMPLOYEE	 		 	ULTRALIFE CORPORATION
				
	/s/ Patrick R. Hanna, Jr.	 		 	By:	 	 /s/ Angie Scanlon

	Print Name: Patrick R. Hanna, Jr.	 		 		 	Angie Scanlon
		 		 		 	
	Subscribed and sworn to before	 		 		 	Subscribed and sworn to before
	me this 15th day of July, 2011	 		 		 	me this 15th day of July, 2011
		 		 		 	
	 /s/ Donna M. Laurenza
	 		 		 	 /s/ Donna M. Laurenza

	Notary Public	 		 		 	Notary Public

  
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