Document:

exv10w3

 

Exhibit 10.3

 

	 	 	 	 	 	 
	Notice of Grant of Restricted Stock
	 	Eclipsys Corporation	 	 	 
	Director
	 	ID: 65-0632092	 	 	 

 

	 	 	 	 	 	 
	[name of recipient]
	 	Grant Number:	 	 	 
	[address of recipient]
	 	Plan: 2005	 	Stock Incentive Plan	 

 

Effective                                                    (the “Grant Date”), you have been granted the right to purchase, at a price of $0.01 per share,
                                                   [No. of shares] shares (the “Shares”) of common stock of Eclipsys Corporation (the “Company”). You must pay
the aggregate purchase price for the Shares to the Company by cash, check or other method acceptable to the Company
within 30 days of the date of this Notice or the Company may cancel the grant.

This notice is a “Grant Notice” as described in the Restricted Stock Agreement between you and the Company (the
"Agreement”). This grant is made under, and this grant and the Shares are subject to and governed by the terms and
conditions of this notice, the Agreement, including the restrictions on transfer set forth therein, the Company’s 2005
Stock Incentive Plan (the “Plan”), and any other applicable written agreement between you and the Company. By your
acceptance and payment for the Shares, you agree to such terms and conditions and confirm that your receipt of and
payment for the Shares is voluntary.

For purposes of this Notice, (i) “Vesting Date” means each June 1 and December 1; and (ii) a complete calendar month will
begin on the first day of each calendar month and end on the last day of that calendar month. Subject to the Agreement,
on the Vesting Date that is on or immediately following the first anniversary of the Grant Date (the “First Vesting
Date”), there shall vest a number of the Shares equal to the sum of (A) 20% of the total number of Shares and (B) a
number of Shares equal to the product of 1.667% of the total number of Shares and the number of complete calendar months,
if any, elapsed during the period beginning on the first anniversary of the Grant Date and ending on the First Vesting
Date. On each of the eight Vesting Dates next succeeding the First Vesting Date, there shall vest an additional number
of Shares equal to 10% of the total number of Shares, except that the number of Shares vesting on the last of such eight
succeeding Vesting Dates will be less than 10% of the total number of Shares if and to the extent that the number of
Shares Vesting on the First Vesting Date exceeded 20% of the total number of Shares. Unless otherwise provided in the
Agreement or in another written agreement between you and the Company, (i) no Shares will vest before the First Vesting
Date, (ii) vesting of Shares will occur only on Vesting Dates, without any ratable vesting for periods of time between
Vesting Dates, and (iii) all Shares will be vested by the fourth anniversary of the First Vesting Date as long as all
conditions to vesting are satisfied.

Except as otherwise provided in the Plan, the Agreement, or a separate written agreement between you and the Company
signed by an executive officer of the Company, termination of your service as a member of the Company’s Board of
Directors for any reason will result in cessation of vesting, cancellation of this grant, and forfeiture to the Company
of any Shares not vested at the time your service as a director terminates, unless you are then or are then becoming an
employee of the Company (as defined in the Plan).

If you cease to be a director of the Company in connection with a Change in Control Event (as defined in the Plan) for
any reason other than voluntary resignation from the Board, which Board will continue in place following the Change in
Control Event, then upon such a cessation of your directorship all of the Shares will vest and become free of contractual
restrictions on transfer.

 

The Prospectus for the Plan, the Plan document and the Company’s Annual Report on Form 10-K, and other filings made by
the Company with the Securities and Exchange Commission are available for your review on the Company’s internal employee
web site. You may also obtain paper copies of these documents upon request to the Company’s HR department.

No representations or promises are made regarding the duration of your employment or service, vesting of the Shares, the
value of the Company’s stock or this grant, or the Company’s prospects. The Company provides no advice regarding tax
consequences or your handling of the Shares; you agree to rely only upon your own personal advisors.

 

	 	 	 	 	 
	 	ECLIPSYS CORPORATION 

 	 
	 	By:  	 	 
	 	 	Name & Titleexv10w4

 

Exhibit 10.4

 

	 	 	 	 	 
	Notice of Grant of Stock Option

	 	Eclipsys Corporation	 	 
	Employee

	 	ID: 65-0632092	 	 

 

	 	 	 	 	 
	«Name»

	 	Option Number:
	 	«OptionNumber»
	«StreetAddress»

	 	Plan:
	 	2005 Stock Incentive Plan
	«CityStateZip»

	 	Employee ID:
	 	«IDNumber»

 

Effective                      (the “Grant Date”), you have been granted a non-statutory option to buy «TotalShares»
shares of common stock of Eclipsys Corporation (the “Company”) at an exercise price of
$                     per share. This option vests as described below under Vesting Type                     .

The option is granted under and governed by the terms and conditions of this notice, the Company’s 2005 Stock
Incentive Plan (the “Plan”), and any other applicable written agreement between you and the Company. By your
acceptance of this option, and also by its exercise, you agree to such terms and conditions and confirm that your
receipt and exercise of this option is voluntary.

Except as otherwise provided in the Plan or a separate written agreement between you and the Company signed by an
executive officer of the Company, (i) termination of your employment for any reason (unless you are then or are
becoming a member of the Board of Directors of the Company) will result in cessation of vesting and lapse of the
option to the extent not yet vested at the time of termination; and (ii) vested options may be exercised only for a
period of 90 days following termination of your employment (or Board service if you are a member of the Company’s
Board of Directors at the time of termination of your employment) (or, if your employment ends as a result of
death, the first anniversary of death). The option expires on the tenth anniversary of the Grant Date or such
earlier date as the Plan provides.

Unless otherwise permitted by the Company’s Board of Directors, you must pay the exercise price and meet any tax
obligations in cash.

For purposes of this option, the definition of “Good Reason” under the Plan shall be as follows, notwithstanding
any Plan provision to the contrary: “Good Reason” shall mean any significant diminution in the Participant’s
responsibilities from and after such Reorganization Event or Change in Control Event, as the case may be, or any
reduction in the annual cash compensation payable to the Participant from and after such Reorganization Event or
Change in Control Event, as the case may be.

 

The Prospectus for the Plan, the Plan document, the Company’s Annual Report on Form 10-K, and other filings made by
the Company with the Securities and Exchange Commission are available for your review on the Company’s internal
employee web site. You may also obtain paper copies of these documents upon request to the Company’s HR
department.

No representations or promises are made regarding the duration of your employment or service, vesting of the
option, the value of the Company’s stock or this option, or the Company’s prospects. The Company provides no
advice regarding tax consequences or your handling of this option; you agree to rely only upon your own personal
advisors.

 

	 	 	 	 	 
	 	ECLIPSYS CORPORATION

 	 
	 	By:  	 	 
	 	 	Name 	 
	 	 	Title 	 
	 

Vesting Type 1 options vest and become exercisable (i) with respect to 20% of the underlying shares on the first
anniversary of the date of commencement of your employment with the Company (as defined in the Plan) if your
employment commenced on the first day of a calendar month, and otherwise on the first day of the calendar month
immediately following the first anniversary of the date of commencement of your employment with the Company; and
(ii) with respect to the remaining 80% of the underlying shares in 48 equal consecutive monthly installments on the
first day of each calendar month following the initial vesting date as described in the preceding clause (i),
provided that vesting will not occur if you are not employed with the Company (as defined in the Plan) (or serving
as a member of the Company’s Board of Directors) on the scheduled vesting date.

Vesting Type 2 options vest and become exercisable (i) with respect to 20% of the underlying shares on the first
anniversary of the Grant Date if the Grant Date was on the first day of a calendar month, and otherwise on the
first day of the calendar month immediately following the first anniversary of the Grant Date; and (ii) with
respect to the remaining 80% of the underlying shares in 48 equal consecutive monthly installments on the first day
of each calendar month following the initial vesting date as described in the preceding clause (i), provided that
vesting will not occur if you are not employed with the Company (as defined in the Plan) (or serving as a member of
the Company’s Board of Directors) on the scheduled vesting date.exv10w5

 

Exhibit 10.5

 

	 	 	 	 	 
	Notice of Grant of Stock Option

	 	Eclipsys Corporation	 	 
	Director

	 	ID: 65-0632092	 	 

 

	 	 	 	 	 
	«Name»

	 	Option Number:
	 	«OptionNumber»
	«StreetAddress»

	 	Plan:
	 	2005 Stock Incentive Plan
	«CityStateZip»
	 	 	 	 

 

Effective                      (the “Grant Date”), you have been granted a
non-statutory option to buy «TotalShares» shares of common stock of
Eclipsys Corporation (the “Company”) at an exercise price of $                    
per share. This option vests as described below under Vesting Type                     .

The option is granted under and governed by the terms and conditions of
this notice, the Company’s 2005 Stock Incentive Plan (the “Plan”), and
any other applicable written agreement between you and the Company. By
your acceptance of this option, and also by its exercise, you agree to
such terms and conditions and confirm that your receipt and exercise of
this option is voluntary.

If you cease to be a member of the Company’s Board of Directors in
connection with a Change in Control Event (as defined in the Plan) for
any reason other than voluntary resignation from the Board, which Board
will continue in place following the Change in Control Event, then upon
such a cessation of your directorship the option will vest in full.

Except as otherwise provided in this Notice or the Plan or a separate
written agreement between you and the Company signed by an executive
officer of the Company, (i) termination of your service as a member of
the Company’s Board of Directors for any reason (unless you are then or
then becoming an employee of the Company as defined in the Plan) will
result in cessation of vesting and lapse of the option to the extent
not yet vested at the time of termination; and (ii) vested options may
be exercised only for a period of 365 days following termination of
your service as a member of the Company’s Board of Directors (or, if
later, 365 days following termination of your employment). The option
expires on the tenth anniversary of the Grant Date or such earlier date
as the Plan provides.

Unless otherwise permitted by the Company’s Board of Directors, you
must pay the exercise price and meet any tax obligations in cash.

 

The Prospectus for the Plan, the Plan document, the Company’s Annual
Report on Form 10-K, and other filings made by the Company with the
Securities and Exchange Commission are available for your review on the
Company’s internal employee web site. You may also obtain paper copies
of these documents upon request to the Company’s HR department.

No representations or promises are made regarding the duration of your
service, vesting of the option, the value of the Company’s stock or
this option, or the Company’s prospects. The Company provides no
advice regarding tax consequences or your handling of the option; you
agree to rely only upon your own personal advisors.

 

	 	 	 	 	 
	 	ECLIPSYS CORPORATION 

 	 
	 	By:  	 	 
	 	 	Name  	 
	 	 	Title 	 
	 

Vesting Type 1 options vest and become exercisable (i) with
respect to 20% of the underlying shares on the first anniversary of the date of commencement of
your service as a member of the Company’s Board of Directors if your service commenced on the first
day of a calendar month, and otherwise on the first day of the calendar month immediately following
the first anniversary of the date of commencement of your service; and (ii) with respect to the
remaining 80% of the underlying shares in 48 equal consecutive monthly installments on the first
day of each calendar month following the initial vesting date as described in the preceding clause
(i), provided that vesting will not occur if you are not serving as a member of the Board of
Directors of the Company or employed with the Company (as defined in the Plan) on the scheduled
vesting date.

Vesting Type 2 options vest and become exercisable (i) with respect to 20%
of the underlying shares on the first anniversary of the Grant Date if the
Grant Date was on the first day of a calendar month, and otherwise on the first
day of the calendar month immediately following the first anniversary of the
Grant Date; and (ii) with respect to the remaining 80% of the underlying shares
in 48 equal consecutive monthly installments on the first day of each calendar
month following the initial vesting date as described in the preceding clause
(i), provided that vesting will not occur if you are not serving as a member of
the Board of Directors of the Company or employed with the Company (as defined
in the Plan) on the scheduled vesting date.

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