Document:

2004 Equity Incentive Plan - Form of Restricted Stock Agreement

 Exhibit 10.23 
  
 RESTRICTED STOCK AGREEMENT 
  
 This Restricted Stock Award Agreement (the “Agreement”) is made effective as of [Date] (the “Effective Date”) between [Name] (the
“Employee”) and MPS Group, Inc., a Florida corporation (the “Company”). 
  
 W I T N E S S E T H T H A T: 
  
 WHEREAS, the Company has awarded to Employee [Number] shares (the “Shares”) of the Company’s common stock, $.01 par value per share (the “Stock”), effective as of the Effective Date, pursuant to the 2004 Equity
Incentive Plan (the “Plan”), as a reward for prior service and as an incentive to remain with the Company or its subsidiaries or affiliates and to work to increase the value of the Stock; and 
  
 WHEREAS, the Shares are subject to the terms and conditions hereinafter
provided; 
  
 NOW, THEREFORE, the Company and the Employee agree
to the foregoing and as follows: 
  

	1.	AWARD. The Employee hereby is granted [Number] Shares as of the Effective Date subject to all the terms and conditions of this Agreement. 

  

	2.	STOCK CERTIFICATE; UNCERTIFICATED STOCK. 

  

	 	(a)	The Company may in its discretion issue one or more stock certificates (the “Certificate(s)”) in the name of the Employee for the Shares which Employee hereby acknowledges
and agrees would be subject to and bear the following legend: 

  
 “The transferability of this certificate and the shares of stock represented hereby are subject to the terms and conditions (including forfeiture) of a Restricted Stock Agreement entered into between the
registered owner and MPS Group, Inc., effective as of [Date]. Copies of such Agreement are on file in the offices of the Secretary, MPS Group, Inc., 1 Independent Drive, Jacksonville, Florida 32202.” 
  
 The Employee shall forfeit and/or return the Certificate(s) to the Company
upon the forfeiture of any Shares, pursuant to this Agreement. Thereafter, the Company shall reissue Stock pursuant to Section 2(c) of this Agreement for the number of Shares, if any, which were not forfeited. The new Stock, if any, and the Shares
represented thereby, shall remain subject to this Agreement. 
  

	 	(b)	The Company may in its discretion issue in the name of the Employee the Shares in an uncertificated form as properly recorded in the books and records of the Company, including its
stock transfer book, which Shares Employee hereby acknowledges and agrees would be subject to the same restrictions and limitations on transferability (including forfeiture) as are set forth for the Certificate(s) in Section 2(a) of this Agreement.

  

	 	(c)	In the event that Shares are forfeited pursuant this Agreement, (i) if a Certificate has been issued pursuant to Section 2(a) hereof, the Company shall reissue a Certificate
pursuant to Section 2(a) of this Agreement for the number of Shares, if any, which were not forfeited and (ii) if no Certificate has been issued and the Shares are uncertificated in accordance with Section 2(b) hereof, then the forfeiture of the
Shares shall be recorded in the books and records of the Company, including its stock transfer book. Notwithstanding the foregoing, all unforfeited Shares held by Employee pursuant to this Agreement shall remain subject to the terms of this
Agreement and the Plan. 

	3.	VESTING OF SHARES. The Employee agrees the Shares shall vest on the date and in the amount as follows: 

  

			
	Vesting Date	  	Number of Shares Vested
	[Date]	  	[Number]

  

	 	(a)	If the Employee shall cease to be employed by the Company, or any affiliate or subsidiary thereof such that Employee is no longer employed in any capacity with the group of
companies affiliated with the Company, and such termination of employment is both (i) for Cause on the part of the Company or without Good Reason on the part of Employee (as the terms Cause and Good Reason are defined in the executive employment
agreement between Employee and Company in effect as of the Effective Date) and (ii) for other than a Change in Control of the Company (as defined in the Plan) at any time prior to the Vesting Date set forth above, then the Employee shall forfeit and
return to the Company any Shares which remain unvested as of such date for no payment. 

  

	 	(b)	Employee shall become vested in the Shares then remaining unvested upon the occurrence of (i) a Change in Control of the Company (as defined in the Plan) or (ii) termination of
Employee’s employment without Cause by the Company or for Good Reason by the Employee (as the terms Cause and Good Reason are defined in the executive employment agreement between Employee and Company). 

  

	 	(c)	No Shares hereunder shall be sold, exchanged, transferred, pledged, hypothecated or otherwise disposed of by Employee unless and until vested pursuant to this Section 3 above.

  

	4.	VOTING RIGHTS; DIVIDENDS; CAPITAL CHANGES. 

  

	 	(a)	Except as otherwise limited or provided in this Agreement, with respect to any Shares subject to the restrictions of this Agreement, the Employee shall be a shareholder of the
Company and (i) shall have all of the rights of a shareholder with respect to the Shares, including full power to vote all of the Shares from time to time, and (ii) shall be entitled to receive dividends and/or distributions declared on such Shares.

  

	 	(b)	Any new, additional or different shares of capital stock or other securities issued with respect to any of the Shares described herein or in substitution or replacement thereof
shall be subject to all of the terms and conditions of this Agreement and shall be delivered to the Employee (or the Employee’s beneficiary) or revert to the Company under the same circumstances as the original Shares with respect to, or in
substitution for which, they were issued. 

  

	5.	DELIVERY OF SHARES. 

  

	 	(a)	If Employee refuses to deliver to Company a properly endorsed stock certificate for any Shares forfeited, the Employee hereby authorizes and directs the Company to cancel on its
books and records (including but not limited to its stock transfer book) the Employee’s ownership of the Shares and to take whatever action the Company deems necessary or appropriate to have such Shares registered in the name of the Company
without any further action, or direction, by the Employee. The Company shall have similar rights to cancel on its books and records (including but not limited to its stock transfer book) the Employee’s ownership of any Shares in an
uncertificated form and to take whatever action the Company deems necessary or appropriate to have such Shares registered in the name of the Company without any further action, or direction, by the Employee. 

  

	 	(b)	The Company may in its discretion require the execution and delivery by the Employee of blank stock powers, an escrow agreement, and related schedules and exhibits, as a condition
of issuance or delivery of, or removal of restrictions from, the Shares or Certificate(s). 

  

	 	(c)	 The Company may in its discretion require that Employee pay, or evidence to the Company’s satisfaction arrangement for the payment of, Federal, state or local
taxes associated with the award 

	 	 
or vesting of the Shares, as a condition of issuance or delivery of, or removal of restrictions from, the Shares or Certificate(s).

  

	6.	COMPLIANCE WITH LAW AND REGULATIONS; INCORPORATION OF PLAN. The obligations of the Company hereunder are subject to all applicable Federal and state laws and to the rules,
regulations and other requirements of the Securities and Exchange Commission, any stock exchange upon which the Shares are then listed and any other government or regulatory agency. This Agreement is expressly made subject to the terms of the Plan,
the terms and conditions of which are expressly incorporated herein by reference. The Employee hereby acknowledges receipt of a copy of the Plan and agrees to be bound by all the terms and provisions thereof. 

  

	7.	ATTORNEYS’ FEES. The prevailing party in any litigation hereunder shall be entitled to attorneys’ fees and costs of litigation. 

  

	8.	NO RIGHTS TO EMPLOYMENT. Nothing in this Agreement shall confer upon the Employee any right to continue in the employ of the Company or interfere in any way with the right of the
Company to terminate Employee’s employment at any time. 

  

	9.	GOVERNING LAW. The terms of this Agreement shall be governed by and interpreted in accordance with the laws of the State of Florida, without regard to any issues of conflicts of
laws. 

  

	10.	MISCELLANEOUS. 

  

	 	(a)	This Agreement shall be binding upon the parties hereto and their representatives, successors and assigns. 

  

	 	(b)	Any requests or notices to be given hereunder shall be deemed given, and any elections or exercises to be made or accomplished shall be deemed made or accomplished, upon actual
delivery thereof to the designated recipient, or five (5) days after deposit thereof in the United States mail, registered, return receipt requested and postage prepaid, addressed, if to Employee, at the last known address set forth in the
Company’s personnel records and, if to the Company, to the Law Department of the Company at the executive offices of the Company at 1 Independent Drive, Jacksonville, FL 32202. 

  

	 	(c)	This Agreement may not be modified or waived except in writing executed by each of the parties hereto. 

  

	 	(d)	Should any provision of this Agreement be held by a court of competent jurisdiction to be unenforceable or invalid for any reason, the remaining provisions of this Agreement shall
not be affected by such holding and shall continue in full force in accordance with their terms. 

  

	 	(e)	This Award is conditioned on the Employee’s execution and delivery of this Agreement. If this Agreement is not executed and delivered by the Employee, it may be canceled by the
Company. 

  
 IN WITNESS WHEREOF, the Employee and
Company have executed the Agreement effective as of the day and year first above written. 
  

			
	MPS GROUP, INC.:
		
	By:	 	/s/
	Its:	 	 

  

			
	EMPLOYEE:
	
	 
	[Name]2004 Non-Employee Director Equity Incentive Plan

 Exhibit 10.25 
  
 Option No.:              
  
 NON-EMPLOYEE DIRECTOR STOCK OPTION AGREEMENT 
  
 THIS STOCK OPTION AGREEMENT (this “Agreement”) is made and entered
into and effective as of {Effective Date}, by and between MPS Group, Inc., a Florida corporation (the “Company”), and «First» «Initial» «Last» (the “Optionee”), a non-employee director of the
Company. 
  
 WHEREAS, on the recommendation of the Board of
Directors of the Company (the “Board”), the Company’s Shareholders approved adoption of the 2004 Non-Employee Director Equity Incentive Plan (the “Plan”), providing for, among other things, the award of stock options to
directors of the Company as approved by the Compensation Committee of the Board or another Board committee authorized by statute, rule, listing standard and the bylaws of the Company as applicable (the “Committee”); and 
  
 WHEREAS, the Committee has granted the Optionee stock options to purchase the
number of shares of the Company’s common stock as set forth below, and in consideration of the granting of these stock options the Optionee intends to accept nomination and continue to serve as director of the Company if appointed by the Board
or elected by the Shareholders, and hereby agrees to the other terms stated herein; and 
  
 WHEREAS, the Company and the Optionee desire to enter into a written agreement with respect to such stock options in accordance with the Plan; 
  
 NOW, THEREFORE, as an incentive and to encourage stock ownership, and also in consideration of the mutual covenants
contained herein, the parties hereto agree to the above and as follows: 
  
 1. Incorporation of Plan. This Option is granted pursuant to the provisions of the Plan, and the terms and definitions of the Plan are incorporated herein by reference and made a part hereof. A copy of the Plan is publicly filed and
has been made available to the Optionee, which the Optionee hereby acknowledges and agrees, and the Optionee further acknowledges and agrees that this Option is expressly awarded subject to the Plan terms and provisions. To the extent not expressly
defined in this Agreement, all capitalized terms shall have the meanings set forth in the Plan. 
  
 2. Award of Option and Purchase Price. Subject to the terms, restrictions, limitations and conditions stated herein, the Company hereby evidences
its grant to the Optionee of the right and option (the “Option”) to purchase all or any part of the number of shares of the Company’s common stock, par value $.01 per share (the “Shares”) for the Option Price (the
“Option Price”), as set forth on Schedule A attached hereto and incorporated herein by reference. The date of grant of this Option is «Date», 20(XX). 
  
 3. Vesting and Exercise of Option. 
  
 (a) Subject to any other conditions herein and in the Plan, this Option shall vest and be exercisable in accordance with
Schedule A attached hereto. The Optionee’s vested proportion of the total Award hereunder shall be fixed as of the date the Optionee is no longer a director of the Company and shall not increase thereafter during the additional period, if any,
during which this Option may be exercised hereunder, except as set forth below in Sections 4(c) or (d) hereof with respect to termination of directorship in the event of Optionee’s Disability or death. The Option shall expire and shall not
thereafter be exercisable on the date specified on Schedule A or shall terminate on such earlier date as determined below pursuant to Sections 4(a) or (b) hereof. 
  
 (b) This Option may be exercised by mailing or delivering to MPS Group, Inc., Attention: Corporate Secretary, 1 Independent
Drive, Jacksonville, Florida 32202: (i) a written notice of exercise setting forth the number of Shares with respect to which the Option is to be exercised, accompanied by full payment of the Option Price for such Shares. The Option Price upon
exercise of any Option shall be payable to the Company in full either: (a) in cash, (b) cash equivalent approved by the Committee, (c) if approved by the Committee, by tendering previously acquired Shares (or delivering a certification or
attestation of ownership of such Shares) having an aggregate Fair Market Value at the time of exercise equal to the total Option Price (provided that the tendered Shares must have been held by the Participant for any period required by the
Committee), or (d) by a combination of (a), (b) and (c). 

 
The Committee also may allow cashless exercises as permitted under the Federal Reserve Board’s Regulation T, subject to applicable securities law
restrictions and other legal or stock exchange listing standard limitations, or by any other means which the Committee determines to be consistent with the Plan’s purpose and applicable law. 
  
 4. Termination of Directorship. 
  
 (a) Except as otherwise specified in Schedule A hereto, in the event of the
Optionee’s resignation, removal or retirement from the Board, other than by reason of Optionee’s (i) breach of fiduciary duty in connection with Optionee’s services as a director of the Company, (ii) being convicted of or pleading
guilty or no contest to a felony or crime of moral turpitude in connection with Optionee’s services as a director of the Company, or (iii) death or Disability, the Optionee may exercise this Option at any time within the earlier of the
expiration of three (3) years after termination of Optionee’s directorship or the option expiration date set forth in Schedule A, but only to the extent of the proportion of the Option shares which were vested hereunder at the date of
termination of Optionee’s directorship. 
  
 (b) Except as
otherwise specified in Schedule A hereto, in the event of the Optionee’s resignation, removal or retirement from the Board, by reason of Optionee’s (i) breach of fiduciary duty in connection with Optionee’s services as a director of
the Company, or (ii) being convicted of or pleading guilty or no contest to a felony or crime of moral turpitude in connection with Optionee’s services as a director of the Company, this Option, to the extent not previously exercised, shall
terminate immediately and shall not thereafter be or become exercisable. 
  
 (c) In the event of Optionee’s resignation, removal or retirement from the Board because of the Optionee’s incurring a Disability, the Optionee (or his or her personal representative) may exercise this
Option after such determination of a Disability at any time prior to the option expiration date set forth in Schedule A. 
  
 (d) In the event of the Optionee’s death, the Optionee’s administrators, executors or personal representatives may exercise this Option at any
time prior to the option expiration date set forth in Schedule A. 
  
 5. Non-transferability of Option. This Option shall not be transferable by the Optionee other than in accordance with the express terms of the Plan. 
  
 6. Adjustment in Shares Subject to the Option. The Committee, in its sole and absolute discretion, may make
appropriate adjustments in the shares or number of Shares subject to this Option, or in the Option Price, in order to give effect to changes made in the number of outstanding shares as a result of a merger, consolidation, recapitalization,
reclassification, combination, stock dividend, stock split or other relevant change to the Company’s share capital. The Committee shall not be obligated to make any such adjustments and its determination shall be final and binding on all
parties hereto. 
  
 7. Rights as Shareholder or Director.

  
 (a) This Option shall not entitle the Optionee to any rights
as a shareholder of the Company with respect to any Shares subject to this Option until it his been exercised and any such Shares issued. 
  
 (b) This Agreement does not confer upon the Optionee any right with respect to nomination, appointment, election or continuation of engagement as a
director of the Company, nor does it in any way interfere with or contradict the bylaws of the Company or any other voting agreement or arrangement as any of such may relate to the nomination, appointment, term or termination of service as a
director of the Company. 
  
 8. Entire Agreement; No Oral
Waiver or Modification. This Agreement, together with the provisions of the Plan (which are incorporated herein by reference), constitutes the entire Agreement between the Optionee and the Company with respect to the Option granted hereunder.
This Agreement may only be waived, modified, amended or altered in a further writing signed by both the Optionee and the Committee. 
  
 9. Withholding. This Option and the issuance of the Shares contemplated hereby are subject to the Optionee satisfying whatever arrangements the
Company in its discretion deems necessary or appropriate to comply with all applicable federal, state or local tax withholding requirements. The Company shall have no obligation to deliver a certificate evidencing the Shares purchased upon exercise
of the Option unless and until withholding arrangements satisfactory to the Company are satisfied. The Optionee’s failure to comply with the required withholding arrangements shall result in forfeiture of any benefits hereunder. 

 10. Applicable Law. The Plan and this Agreement shall be governed by the laws of the State of
Florida. 
  

			
	 MPS GROUP, INC.

		
	By:	 	 
	 	 	 {Authorized Official}

  

			
		
	 	 	 
	 	 	 {Name of Optionee}

 SCHEDULE A 
 TO 
 STOCK OPTION AGREEMENT 
 BETWEEN 
 MPS GROUP, INC. 
 AND 
 [OPTIONEE] 
  

	1.	Number of Shares Subject to Option: _________ shares. 

  

	2.	Option Price: $_________ per share. 

  

	3.	Date of Grant: _______________, 20(XX) 

  

	4.	Option Vesting Schedule: 

  
 Check one: 
  

	 	(    )	Options are exercisable with respect to all shares on or after the date hereof 

  

	 	(    )	Options are exercisable with respect to the number of shares indicated below on or after the date indicated next to the number of shares: 

  
 No. of
Shares                        Vesting Date 
  
  
 provided, however, that if there
is a Change in Control of the Company (as defined in the Plan), then all previously unvested options shall vest immediately. 
  

	5.	Option Exercise Period: 

  
 Check One: 
  

	 	(    )	All options expire and are void unless exercised on or before 

  
 _________, 20(XX). 
  

	 	(    )	Options expire and are void unless exercised on or before the date indicated next to the number of shares: 

  
 No. of
Shares                         Expiration Date 
  
  

	6.	Resale Restriction; Restricted Shares: Optionee agrees that he or she will not sell or otherwise dispose of for value any Shares Optionee obtains upon exercise of the Option
until the first to occur of either: 

  

	 	(i)	two (2) years having elapsed since the date of grant stated in 3. above; 

  

	 	(ii)	a Change in Control of the Company (as defined in the Plan); or 

  

	 	(iii)	the termination of the Optionee’s services as director of the Company by reason of the Disability or death of the Optionee. 

 Until the lapsing of the foregoing restrictions on the sale or disposition of any Shares acquired by the
Optionee on the exercise of the Option, the Company may in its discretion issue one or more stock certificates (the “Certificate(s)”) in the name of the Optionee for any Shares acquired by the Optionee upon the exercise of the Option which
Optionee hereby acknowledges and agrees would be subject to and bear the following legend: 
  
 “The transferability of this certificate and the resale of the shares of stock represented hereby are subject to limitations pursuant to the terms and conditions of a Stock Option Agreement entered into between
the registered owner and MPS Group, Inc. Copies of such Agreement are on file in the offices of the Secretary, MPS Group, Inc., 1 Independent Drive, Jacksonville, Florida 32202.” 
  
 The Company may in its discretion issue in the name of the Optionee the Shares in an uncertificated form as properly
recorded in the books and records of the Company, including its stock transfer book, which Shares Optionee hereby acknowledges and agrees would be subject to the same restrictions and limitations on transferability as are set forth for the
Certificate(s) herein.

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