Document:

EXHIBIT 10.2

NAVTEQ CORPORATION

2001 STOCK INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

 

1.     Notice of Award.

                                          
[Grantee’s Name]

                                          
[Grantee’s Address]

                                          

NAVTEQ Corporation (the “Company”)
is pleased to advise you that, pursuant to the Company’s 2001 Stock Incentive
Plan (the “Plan”), the Board has
granted to you (“you” or “Grantee”) an award of                   
restricted stock units (the “Restricted Units”), effective as of                                       
(the “Date of Grant”), subject to the terms and conditions set forth in this
Restricted Stock Unit Agreement (the “Agreement”).  Any capitalized terms used herein and not defined
herein have the meanings set forth in the Plan.

2.     Issuance of Restricted Units.  The Restricted Units shall be awarded to you
as of the Date of Grant.  Each Restricted
Unit shall be equivalent in value to one share of Common Stock and shall
entitle you to receive from the Company on the Vesting Date (as defined herein)
one share of Common Stock for each Restricted Unit.

3.     Vesting of Restricted Units.

a.     Except as provided in Section 3(b) and Section 4,
the Restricted Units shall vest ratably in annual installments at a rate of
twenty-five percent (25%) per year over a four (4) year period beginning on the
first anniversary of the Date of Grant and continuing on the three (3)
anniversaries of the Date of Grant thereafter (with each such anniversary a “Vesting
Date”), provided, however, that in the event you do not maintain
your Continuous Status with the Company or a Subsidiary until any given Vesting
Date, all of the Restricted Units that have not yet become nonforfeitable shall
be forfeited immediately upon the termination of your Continuous Status.

If, at any time, you cease
to be an Employee of the Company but you continue to provide bona fide services
in a different capacity following such cessation, including without limitation
as a Director, Consultant or independent contractor, then a termination of your
Continuous Status shall not be deemed to have occurred for purposes of this
Agreement upon such change in relationship. 
Likewise, your Continuous Status shall not be considered interrupted in
the case of any absence approved by the Company or due to a transfer between
locations of the Company or between the Company, its Affiliates or any
successor.

 

 

b.     Notwithstanding anything herein to the contrary, if you commit
an act of Misconduct, any Restricted Units which have not prior to the date of
such Misconduct become nonforfeitable, or which have become nonforfeitable but
have not yet been distributed, will immediately and automatically, without any
action on the part of the Company, be forfeited and shall immediately revert to
the Plan.

4.     Vesting Upon Change in Control.  Upon the occurrence of a Change in Control
(as defined in the Plan), the Administrator may take such actions as it, in its
sole discretion, deems appropriate, including, without limitation, the
acceleration of vesting of Restricted Units, the distribution of shares of
Common Stock underlying the Restricted Units or the substitution of equivalent
awards of the surviving or successor entity or a parent thereof.

5.     Book Accounts.  An unfunded
bookkeeping account (the “Account”) shall be established for each Grantee when
such person is awarded Restricted Units pursuant to the Plan and this
Agreement.  Accounts shall be maintained
by the Administrator.  Restricted Units
shall be credited to the Account as of the Date of Grant and dividends or other
distributions paid with respect to the Shares underlying the Restricted Units
shall be credited to the Account and reinvested in Restricted Units based on
the Fair Market Value at that time.  All
Shares (or cash, if applicable pursuant to Section 9) distributed to a
Grantee pursuant to the Plan and this Agreement shall be debited from such
Grantee’s Account.

6.     Rights as Stockholder. 
You shall not have voting or any other rights as a stockholder of the
Company with respect to the Restricted Units.

7.     Delivery of Shares. 
As soon as practicable following the date the Restricted Units credited
to your Account become nonforfeitable in accordance with Section 3 above
(the “Delivery Date”), and subject to your satisfaction of any
withholding obligations, you shall receive stock certificates (the “Certificates”)
evidencing the conversion of Restricted Units into Shares.  The Certificates shall be issued to you as of
the Delivery Date and registered in your name.

8.     Adjustments.  If
the Shares, as presently constituted, shall be changed into or exchanged for a
different number or kind of shares or other securities of the Company or of
another corporation (whether by reason of merger, consolidation, recapitalization,
reclassification, stock split, spinoff, combination of shares or otherwise), or
if the number of such Shares shall be increased through the payment of a stock
dividend or other similar event, then there shall be substituted for or added
to each Restricted Unit, the number and kind of shares of stock or other
securities as is appropriate to reflect that event as determined by the
Administrator in its discretion.

9.     Cash Settlements. 
Notwithstanding anything herein to the contrary, whenever Shares would
otherwise be distributable in respect of Restricted Units, the Administrator,
in its sole discretion, may settle all or any portion of those Restricted Units
in cash equal to the Fair Market Value of the Shares that would otherwise have
been distributable.

10.   Deferral Election.  The Administrator, at such times and in such
manner as may be determined by the Administrator in its sole discretion, may
allow you to defer delivery of 

 

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the Shares that would
otherwise be due by virtue of the lapse of the vesting requirements as set
forth in Section 3.

11.   Withholding of Taxes.  The Company shall have the right to deduct
from any payment of any kind (including salary or bonus) otherwise due to you,
an amount equal to any federal, state or local taxes of any kind required by
law to be withheld in connection with the award, deferral or settlement of the
Restricted Units or other securities pursuant to this Agreement.  The
Company shall also have the right to withhold Shares deliverable upon vesting
of the Restricted Units to satisfy, in whole or in part, the amount the Company
is required to withhold for taxes in connection with the award, deferral or
settlement of the Restricted Units or other securities pursuant to this
Agreement.  The fair market value of the
Shares to be withheld or delivered, if any, will be the Fair Market Value as of
the date of such withholding or delivery.

12.   Conformity with Plan.  The Restricted Units are intended to conform in
all respects with, and are subject to all applicable provisions of, the Plan
(which is incorporated herein by reference). 
Inconsistencies between this Agreement and the Plan shall be resolved by
the Administrator in its discretion.  By
executing and returning the enclosed copy of this Agreement, you acknowledge
your receipt of this Agreement and the Plan and agree to be bound by all of the
terms of this Agreement and the Plan.

13.   NO GUARANTEE OF EMPLOYMENT.  GRANTEE ACKNOWLEDGES AND AGREES THAT THE VESTING
OF RESTRICTED UNITS PURSUANT TO THE VESTING PROVISIONS SET FORTH HEREIN IS
EARNED ONLY BY CONTINUING SERVICE AS AN EMPLOYEE, CONSULTANT OR DIRECTOR, IN
EACH CASE AT THE WILL OF THE COMPANY (AND NOT THROUGH THE ACT OF BEING HIRED,
BEING GRANTED RESTRICTED UNITS OR PURCHASING SHARES HEREUNDER).  GRANTEE FURTHER ACKNOWLEDGES AND AGREES THAT
THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING
PROVISIONS SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF
CONTINUED ENGAGEMENT AS AN EMPLOYEE OR CONSULTANT FOR THE VESTING PERIOD, FOR
ANY PERIOD, OR AT ALL, AND SHALL NOT INTERFERE WITH GRANTEE’S RIGHT OR THE
COMPANY’S RIGHT TO TERMINATE GRANTEE’S SERVICE AT ANY TIME, WITH OR WITHOUT
CAUSE.

14.   Amendment or Substitution of Restricted
Units.  The terms of the Restricted
Units may be amended from time to time by the Administrator in its discretion
in any manner that it deems appropriate; provided  that, except as
otherwise provided in Section 11 of the Plan or as required to ensure
compliance with Applicable Laws, no such amendment shall adversely affect in a
material manner any of your rights under the award without your written
consent.

15.   Unfunded Status of Plan.  The Plan is an unfunded arrangement.  Any amounts payable under the Plan and this
Agreement will be paid from the general assets of the Company.  Any person entitled to a payment under the
Plan or this Agreement will have the rights of a general creditor of the
Company and will not have a claim to any particular asset of the Company.

 

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16.   Severability.  Whenever possible, each provision of this
Agreement shall be interpreted in such manner as to be effective and valid
under applicable law, but if any provision of this Agreement is held to be
prohibited by or invalid under applicable law, such provision shall be
ineffective only to the extent of such prohibition or invalidity, without
invalidating the remainder of this Agreement.

17.   Lock-Up Period. Grantee hereby agrees
not to offer, sell, contract to sell, pledge or otherwise dispose of, directly
or indirectly, any equity securities of the Company, or any securities
convertible into or exchangeable or exercisable for such securities, enter into
a transaction which would have the same effect, or enter into any swap, hedge
or other arrangement that transfers, in whole or in part, any of the economic
consequences of ownership of such securities, whether any such aforementioned
transaction is to be settled by delivery of such securities or other
securities, in cash or otherwise, or publicly disclose the intention to make
any such offer, sale, pledge or disposition, or to enter into any such
transaction, swap, hedge or other arrangement, in each case during the seven
days prior to and the 180 days after the effectiveness of any underwritten
offering of the Company’s equity securities (or such longer or shorter period
as may be requested in writing by the managing underwriter and agreed to in
writing by the Company) (the “Market Standoff Period”), except as part of such
underwritten registration if otherwise permitted.  In addition, Grantee agrees to execute any
further letters, agreements and/or other documents requested by the Company or
its underwriters which are consistent with the terms of this Section 17.  The Company may impose stop-transfer
instructions with respect to securities subject to the foregoing restrictions
until the end of such Market Standoff Period.

18.   Restrictions/Legal Compliance.  Shares will not be distributed to the Grantee
upon vesting of the Restricted Units if the issuance of any Share upon such
vesting would constitute a violation of any Applicable Law.  The Company may also condition the
distribution of Shares upon the execution and delivery of any further documents
or instruments by the Grantee deemed necessary or desirable by the
Administrator, including any representations and warranties.  The Company shall not be required to transfer
on its books any Shares that have been sold or otherwise transferred in
violation of the Securities Act of 1933, as amended (the “Securities Act”) or
any other laws or the provisions of this Agreement.  Grantee represents that Grantee will be
acquiring Shares for Grantee’s own account and not on behalf of others.  Grantee understands and acknowledges that
federal, state and foreign securities laws govern and restrict Grantee’s right
to offer, sell or otherwise dispose of Shares awarded unless such offer, sale
or other disposition thereof is registered under the Securities Act and state
or foreign securities laws, or in the opinion of the Company’s counsel, such
offer, sale or other disposition is exempt from registration or qualification
thereunder.  Grantee agrees that Grantee
will not offer, sell or otherwise dispose of any Shares in any manner which
would: (i) require the Company to file any registration statement with the
Securities and Exchange Commission (or any similar filing under state law) or
to amend or supplement any such filing or (ii) violate or cause the
Company to violate the Securities Act, the rules and regulations promulgated
thereunder or any state or other federal law, or (iii) violate any agreement
between Grantee and the Company, including this Agreement.

19.   Restrictive Legends and
Stop-Transfer Orders.  Grantee
understands that all Certificates evidencing Shares received hereunder will
bear such legends as the Company deems 

 

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necessary or desirable under the Securities Act and/or
other rules, regulations or laws. 
Furthermore, Grantee agrees that, in order to ensure compliance with the
restrictions referred to herein, the Company may issue appropriate “stop-transfer”
instructions to its transfer agent, if any, and that, if the Company  transfers its own securities, it may make
appropriate notations to the same effect in its own records.

20.   Drag-Along Right.  Notwithstanding anything contained herein to
the contrary, if at any time any stockholder of the Company, or group of
stockholders, owning a majority or more of the voting capital stock of the
Company (hereinafter, collectively the “Transferring Stockholders”) proposes to
enter into any transaction involving (a) a sale of more than 50% of the
outstanding voting capital stock of the Company in a non-public sale or
(b) any merger, share exchange, consolidation or other reorganization or
business combination of the Company immediately after which a majority of the
directors of the surviving entity is not comprised of persons who were directors
of the Company immediately prior to such transaction or after which persons who
hold a majority of the voting capital stock of the surviving entity are not
persons who held voting capital stock of the Company immediately prior to such
transaction (a “Control Transaction”), the Company may require the Grantee to
participate in such Control Transaction with respect to all or such number of
the Grantee’s Shares as the Company may specify in its discretion, by giving
the Grantee written notice thereof at least ten days in advance of the date of
the transaction or the date that tender is required, as the case may be.  Upon receipt of such notice, the Grantee
shall tender the specified number of Shares, at the same price and upon the
same terms and conditions applicable to the Transferring Stockholders in the
transaction or, in the discretion of the acquirer or successor to the Company,
upon payment of the purchase price to the Grantee in immediately available
funds.

21.   Descriptive Headings.  The descriptive headings of this Agreement
are inserted for convenience only and do not constitute a part of this
Agreement.

22.   Entire Agreement; Governing Law.  The Plan and this Agreement constitute the
entire agreement of the parties with respect to the subject matter hereof and
supersede in their entirety all prior undertakings and agreements of the
Company and Grantee with respect to the subject matter hereof, and may not be
modified adversely to the Grantee’s interest except by means of a writing
signed by the Company and Grantee.  This
Agreement is governed by the laws of the State of Delaware, without regard to
principles of conflict of laws.

23.   Notices.  Any notice, demand or request required or
permitted to be given by either the Company or the Grantee pursuant to the
terms of this Agreement shall be in writing and shall be deemed given on the
date and at the time delivered via personal, courier or recognized overnight
delivery service or, if sent via telecopier, on the date and at the time
telecopied with confirmation of delivery or, if mailed, on the date five (5)
days after the date of the mailing (which shall be by regular, registered or
certified mail).  Delivery of a notice by
telecopy (with confirmation) shall be permitted and shall be considered
delivery of a notice notwithstanding that it is not an original that is
received.  If directed to the Grantee,
any such notice, demand or request shall be sent to the address indicated at
the end of this Agreement, or to such other address as the Grantee may
hereafter specify in writing.  If
directed to the Company, any such notice, demand or request shall be sent to
the Company’s principal executive 

 

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office, c/o the Company’s Secretary, or to such other
address or person as the Company may hereafter specify in writing.

24.   Miscellaneous.

a.     The rights and benefits of the Company under this Agreement
shall be transferable to any one or more persons or entities, and all covenants
and agreements hereunder shall inure to the benefit of, and be enforceable by
the Company’s successors and assigns. 
The rights and obligations of the Grantee under this Agreement may only
be assigned with the prior written consent of the Company.

b.     Either party’s failure to enforce any provision or provisions of
this Agreement shall not in any way be construed as a waiver of any such
provision or provisions, nor prevent that party thereafter from enforcing each
and every other provision of this Agreement. 
The rights granted both parties herein are cumulative and shall not
constitute a waiver of either party’s right to assert all other legal remedies
available to it under the circumstances.

c.     This Agreement may be executed, including execution by facsimile
signature, in one or more counterparts, each of which shall be deemed an
original, and all of which together shall be deemed to be one and the same
instrument.

 

[Signature Page Follows]

 

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NAVTEQ
CORPORATION:

 

	
   

  	
   

  
	
  By

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Name

  	
   

  
	
   

  	
   

  

 

By your
signature, you hereby agree that the Restricted Units are awarded under and
governed by the terms and conditions of the Plan and this Agreement.  In addition, your signature below evidences
your acknowledgment that you have reviewed the Plan and this Agreement in their
entirety, you have had an opportunity to obtain the advice of counsel prior to
executing this Agreement and you fully understand all provisions of the Plan
and this Agreement. You agree to accept as binding, conclusive and final all
decisions or interpretations of the Administrator upon any questions relating
to the Plan and/or this Agreement. You also acknowledge and understand that the Administrator has the authority to act in
certain circumstances without your consent, including, but not limited to, the
authority to adjust the terms and conditions of this Agreement in the event of
certain Corporate Transactions and other Events described in Section 11
of the Plan, and such actions could negatively impact your rights under this
Agreement.  Additionally, you
agree to notify the Company upon any change in the residence address indicated
below.

GRANTEE:

 

	
   

  	
   

  
	
  Signature

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Print Name

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Residence Address

  	
   

  

 

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CONSENT OF SPOUSE

 

The undersigned spouse of Grantee has read and hereby
approves the terms and conditions of the Plan and this Agreement.  In consideration of the Company granting to
Grantee the right to receive shares of the Company’s Common Stock as set forth
in the Plan and this Agreement, the undersigned hereby agrees to be irrevocably
bound by the terms and conditions of the Plan and this Agreement and further
agrees that any community property interest shall be similarly bound.  The undersigned hereby appoints the
undersigned’s spouse as attorney-in-fact for the undersigned with respect to
any amendment or exercise of rights under the Plan and/or this Agreement.

 

	
   

  	
   

  	
   

  
	
   

  	
  Signature of Grantee’s
  Spouse

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Printed Name of Grantee’s
  Spouse

  	
   

  
	
   

  	
   

  	
   

  

 

- 8 -Exhibit
10.3

 

NAVTEQ CORPORATION

2001 STOCK INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

FOR FRENCH EMPLOYEES

 

1.     Notice of Award.

                                          
[Grantee’s Name]

                                          
[Grantee’s Address]

                                          

NAVTEQ Corporation (the
“Company”) is pleased to advise you that, pursuant to the Company’s 2001 Stock
Incentive Plan (the “Plan”), the Board has granted to you (“you” or “Grantee”) an award of                   
restricted stock units (the “Restricted Units”), effective as of                                       
(the “Date of Grant”), subject to the terms and conditions set forth in this
Restricted Stock Unit Agreement (the “Agreement”).  Any capitalized terms used herein and not
defined herein have the meanings set forth in the Plan.

2.     Issuance of Restricted Units.  The Restricted Units shall be awarded to you
as of the Date of Grant.  Each Restricted
Unit shall be equivalent in value to one share of Common Stock and shall
entitle you to receive from the Company on the Vesting Date (as defined herein)
one share of Common Stock for each Restricted Unit.

3.     Vesting of Restricted Units.

a.     Except as provided in Section 3(b) and Section 4,
the Restricted Units shall vest ratably in annual installments at a rate of
twenty-five percent (25%) per year over a four (4) year period beginning on the
first anniversary of the Date of Grant and continuing on the three (3)
anniversaries of the Date of Grant thereafter (with each such anniversary a
“Vesting Date”), provided, however, that in the event you do not
maintain your Continuous Status with the Company or a Subsidiary until any
given Vesting Date, all of the Restricted Units that have not yet become
nonforfeitable shall be forfeited immediately upon the termination of your
Continuous Status.

If, at any time, you cease
to be an Employee of the Company but you continue to provide bona fide services
in a different capacity following such cessation, including without limitation
as a Director, Consultant or independent contractor, then a termination of your
Continuous Status shall not be deemed to have occurred for purposes of this
Agreement upon such change in relationship. 
Likewise, your Continuous Status shall not be considered interrupted in
the case of any absence approved by the Company or due to a transfer between
locations of the Company or between the Company, its Affiliates or any
successor.

 

-
1 -

 

b.     Notwithstanding anything herein to the contrary, if you commit
an act of Misconduct, any Restricted Units which have not prior to the date of
such Misconduct become nonforfeitable, or which have become nonforfeitable but
have not yet been distributed, will immediately and automatically, without any
action on the part of the Company, be forfeited and shall immediately revert to
the Plan.

4.     Vesting Upon Change in Control.  Upon the occurrence of a Change in Control
(as defined in the Plan), the Administrator may take such actions as it, in its
sole discretion, deems appropriate, including, without limitation, the
acceleration of vesting of Restricted Units, the distribution of shares of
Common Stock underlying the Restricted Units or the substitution of equivalent
awards of the surviving or successor entity or a parent thereof.

5.     Rights as Stockholder. 
You shall not have dividend, voting or any other rights as a stockholder
of the Company with respect to the Restricted Units.

6.     Delivery of Shares. 
As soon as practicable following the date the Restricted Units become
nonforfeitable in accordance with Section 3 above (the “Delivery Date”),
and subject to your satisfaction of any withholding obligations, you shall
receive stock certificates (the “Certificates”) evidencing the conversion
of Restricted Units into Shares.  The
Certificates shall be issued to you as of the Delivery Date and registered in
your name.

7.     Adjustments.  If
the Shares, as presently constituted, shall be changed into or exchanged for a
different number or kind of shares or other securities of the Company or of
another corporation (whether by reason of merger, consolidation,
recapitalization, reclassification, stock split, spinoff, combination of shares
or otherwise), or if the number of such Shares shall be increased through the
payment of a stock dividend or other similar event, then there shall be
substituted for or added to each Restricted Unit, the number and kind of shares
of stock or other securities as is appropriate to reflect that event as
determined by the Administrator in its discretion.

8.     Cash Settlements. 
Notwithstanding anything herein to the contrary, whenever Shares would
otherwise be distributable in respect of Restricted Units, the Administrator,
in its sole discretion, may settle all or any portion of those Restricted Units
in cash equal to the Fair Market Value of the Shares that would otherwise have
been distributable.

9.     Deferral Election. 
The Administrator, at such times and in such manner as may be determined
by the Administrator in its sole discretion, may allow you to defer delivery of
the Shares that would otherwise be due by virtue of the lapse of the vesting
requirements as set forth in Section 3.

10.   Withholding of Taxes.  The Company shall have the right to deduct
from any payment of any kind (including salary or bonus) otherwise due to you,
an amount equal to any federal, state or local taxes of any kind required by
law to be withheld in connection with the award, deferral or settlement of the
Restricted Units or other securities pursuant to this Agreement.  The
Company shall also have the right to withhold Shares deliverable upon vesting
of the Restricted Units to satisfy, in whole or in part, the amount the Company
is required to withhold for taxes in connection with the award, deferral or
settlement of the Restricted Units or

 

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other securities pursuant to this Agreement.  The fair market value of the Shares to be
withheld or delivered, if any, will be the Fair Market Value as of the date of
such withholding or delivery.

11.   Conformity with Plan.  The Restricted Units are intended to conform
in all respects with, and are subject to all applicable provisions of, the Plan
(which is incorporated herein by reference). 
Inconsistencies between this Agreement and the Plan shall be resolved by
the Administrator in its discretion.  By
executing and returning the enclosed copy of this Agreement, you acknowledge
your receipt of this Agreement and the Plan and agree to be bound by all of the
terms of this Agreement and the Plan.

12.   NO GUARANTEE OF EMPLOYMENT.  GRANTEE ACKNOWLEDGES AND AGREES THAT THE
VESTING OF RESTRICTED UNITS PURSUANT TO THE VESTING PROVISIONS SET FORTH HEREIN
IS EARNED ONLY BY CONTINUING SERVICE AS AN EMPLOYEE, CONSULTANT OR DIRECTOR, IN
EACH CASE AT THE WILL OF THE COMPANY (AND NOT THROUGH THE ACT OF BEING HIRED,
BEING GRANTED RESTRICTED UNITS OR PURCHASING SHARES HEREUNDER).  GRANTEE FURTHER ACKNOWLEDGES AND AGREES THAT
THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING
PROVISIONS SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF
CONTINUED ENGAGEMENT AS AN EMPLOYEE OR CONSULTANT FOR THE VESTING PERIOD, FOR
ANY PERIOD, OR AT ALL, AND SHALL NOT INTERFERE WITH GRANTEE’S RIGHT OR THE
COMPANY’S RIGHT TO TERMINATE GRANTEE’S SERVICE AT ANY TIME, WITH OR WITHOUT
CAUSE.

13.   Amendment or Substitution of Restricted
Units.  The terms of the Restricted
Units may be amended from time to time by the Administrator in its discretion
in any manner that it deems appropriate; provided  that, except as
otherwise provided in Section 11 of the Plan or as required to ensure
compliance with Applicable Laws, no such amendment shall adversely affect in a
material manner any of your rights under the award without your written
consent.

14.   Unfunded Status of Plan.  The Plan is an unfunded arrangement.  Any amounts payable under the Plan and this
Agreement will be paid from the general assets of the Company.  Any person entitled to a payment under the
Plan or this Agreement will have the rights of a general creditor of the
Company and will not have a claim to any particular asset of the Company.

15.   Severability.  Whenever possible, each provision of this
Agreement shall be interpreted in such manner as to be effective and valid
under applicable law, but if any provision of this Agreement is held to be
prohibited by or invalid under applicable law, such provision shall be
ineffective only to the extent of such prohibition or invalidity, without
invalidating the remainder of this Agreement.

16.   Lock-Up Period.
Grantee hereby agrees not to offer, sell, contract to sell, pledge or otherwise
dispose of, directly or indirectly, any equity securities of the Company, or
any securities convertible into or exchangeable or exercisable for such
securities, enter into a transaction which would have the same effect, or enter
into any swap, hedge or other 

 

- 3 -

 

arrangement that transfers, in whole or in part, any
of the economic consequences of ownership of such securities, whether any such
aforementioned transaction is to be settled by delivery of such securities or
other securities, in cash or otherwise, or publicly disclose the intention to
make any such offer, sale, pledge or disposition, or to enter into any such
transaction, swap, hedge or other arrangement, in each case during the seven
days prior to and the 180 days after the effectiveness of any underwritten
offering of the Company’s equity securities (or such longer or shorter period
as may be requested in writing by the managing underwriter and agreed to in
writing by the Company) (the “Market Standoff Period”), except as part of such
underwritten registration if otherwise permitted.  In addition, Grantee agrees to execute any
further letters, agreements and/or other documents requested by the Company or
its underwriters which are consistent with the terms of this Section 16.  The Company may impose stop-transfer
instructions with respect to securities subject to the foregoing restrictions
until the end of such Market Standoff Period.

17.   Restrictions/Legal Compliance.  Shares will not be distributed to the Grantee
upon vesting of the Restricted Units if the issuance of any Share upon such
vesting would constitute a violation of any Applicable Law.  The Company may also condition the
distribution of Shares upon the execution and delivery of any further documents
or instruments by the Grantee deemed necessary or desirable by the Administrator,
including any representations and warranties. 
The Company shall not be required to transfer on its books any Shares
that have been sold or otherwise transferred in violation of the Securities Act
of 1933, as amended (the “Securities Act”) or any other laws or the provisions
of this Agreement.  Grantee represents
that Grantee will be acquiring Shares for Grantee’s own account and not on
behalf of others.  Grantee understands
and acknowledges that federal, state and foreign securities laws govern and
restrict Grantee’s right to offer, sell or otherwise dispose of Shares awarded
unless such offer, sale or other disposition thereof is registered under the
Securities Act and state or foreign securities laws, or in the opinion of the
Company’s counsel, such offer, sale or other disposition is exempt from
registration or qualification thereunder. 
Grantee agrees that Grantee will not offer, sell or otherwise dispose of
any Shares in any manner which would: (i) require the Company to file any
registration statement with the Securities and Exchange Commission (or any
similar filing under state law) or to amend or supplement any such filing or
(ii) violate or cause the Company to violate the Securities Act, the rules
and regulations promulgated thereunder or any state or other federal law, or (iii)
violate any agreement between Grantee and the Company, including this
Agreement.

18.   Restrictive Legends and Stop-Transfer
Orders.  Grantee understands that all
Certificates evidencing Shares received hereunder will bear such legends as the
Company deems necessary or desirable under the Securities Act and/or other
rules, regulations or laws.  Furthermore,
Grantee agrees that, in order to ensure compliance with the restrictions
referred to herein, the Company may issue appropriate “stop-transfer”
instructions to its transfer agent, if any, and that, if the Company  transfers its own securities, it may make
appropriate notations to the same effect in its own records.

19.   Drag-Along Right.  Notwithstanding anything contained herein to
the contrary, if at any time any stockholder of the Company, or group of
stockholders, owning a majority or more of the voting capital stock of the
Company (hereinafter, collectively the “Transferring Stockholders”) proposes to
enter into any transaction involving (a) a sale of more 

 

- 4 -

 

than 50% of the outstanding voting capital stock of
the Company in a non-public sale or (b) any merger, share exchange,
consolidation or other reorganization or business combination of the Company immediately
after which a majority of the directors of the surviving entity is not
comprised of persons who were directors of the Company immediately prior to
such transaction or after which persons who hold a majority of the voting
capital stock of the surviving entity are not persons who held voting capital
stock of the Company immediately prior to such transaction (a “Control
Transaction”), the Company may require the Grantee to participate in such
Control Transaction with respect to all or such number of the Grantee’s Shares
as the Company may specify in its discretion, by giving the Grantee written
notice thereof at least ten days in advance of the date of the transaction or
the date that tender is required, as the case may be.  Upon receipt of such notice, the Grantee
shall tender the specified number of Shares, at the same price and upon the
same terms and conditions applicable to the Transferring Stockholders in the
transaction or, in the discretion of the acquirer or successor to the Company,
upon payment of the purchase price to the Grantee in immediately available
funds.

20.   Descriptive Headings.  The descriptive headings of this Agreement
are inserted for convenience only and do not constitute a part of this
Agreement.

21.   Entire Agreement; Governing Law.  The Plan and this Agreement constitute the
entire agreement of the parties with respect to the subject matter hereof and
supersede in their entirety all prior undertakings and agreements of the
Company and Grantee with respect to the subject matter hereof, and may not be
modified adversely to the Grantee’s interest except by means of a writing
signed by the Company and Grantee.  This
Agreement is governed by the laws of the State of Delaware, without regard to principles
of conflict of laws.

22.   Notices.  Any notice, demand or request required or
permitted to be given by either the Company or the Grantee pursuant to the
terms of this Agreement shall be in writing and shall be deemed given on the
date and at the time delivered via personal, courier or recognized overnight
delivery service or, if sent via telecopier, on the date and at the time
telecopied with confirmation of delivery or, if mailed, on the date five (5)
days after the date of the mailing (which shall be by regular, registered or
certified mail).  Delivery of a notice by
telecopy (with confirmation) shall be permitted and shall be considered
delivery of a notice notwithstanding that it is not an original that is
received.  If directed to the Grantee,
any such notice, demand or request shall be sent to the address indicated at
the end of this Agreement, or to such other address as the Grantee may
hereafter specify in writing.  If
directed to the Company, any such notice, demand or request shall be sent to
the Company’s principal executive office, c/o the Company’s Secretary, or to
such other address or person as the Company may hereafter specify in writing.

23.   Miscellaneous.

a.     The rights and benefits of
the Company under this Agreement shall be transferable to any one or more
persons or entities, and all covenants and agreements hereunder shall inure to
the benefit of, and be enforceable by the Company’s successors and
assigns.  The rights and obligations of
the Grantee under this Agreement may only be assigned with the prior written
consent of the Company.

 

- 5 -

 

b.     Either party’s failure to enforce any provision or provisions of
this Agreement shall not in any way be construed as a waiver of any such
provision or provisions, nor prevent that party thereafter from enforcing each
and every other provision of this Agreement. 
The rights granted both parties herein are cumulative and shall not
constitute a waiver of either party’s right to assert all other legal remedies
available to it under the circumstances.

c.     This Agreement may be executed, including execution by facsimile
signature, in one or more counterparts, each of which shall be deemed an
original, and all of which together shall be deemed to be one and the same
instrument.

 

[Signature Page Follows]

 

- 6 -

 

NAVTEQ
CORPORATION:

 

	
   

  	
   

  
	
  By

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Name

  	
   

  
	
   

  	
   

  

 

By your
signature, you hereby agree that the Restricted Units are awarded under and
governed by the terms and conditions of the Plan and this Agreement.  In addition, your signature below evidences
your acknowledgment that you have reviewed the Plan and this Agreement in their
entirety, you have had an opportunity to obtain the advice of counsel prior to executing
this Agreement and you fully understand all provisions of the Plan and this
Agreement. You agree to accept as binding, conclusive and final all decisions
or interpretations of the Administrator upon any questions relating to the Plan
and/or this Agreement. You also acknowledge
and understand that the Administrator has the authority to act in certain
circumstances without your consent, including, but not limited to, the
authority to adjust the terms and conditions of this Agreement in the event of
certain Corporate Transactions and other Events described in Section 11
of the Plan, and such actions could negatively impact your rights under this
Agreement.  Additionally, you
agree to notify the Company upon any change in the residence address indicated
below.

GRANTEE:

 

	
   

  	
   

  
	
  Signature

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Print Name

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Residence
  Address

  	
   

  

 

- 7 -

 

CONSENT OF SPOUSE

 

The undersigned spouse of Grantee has read and hereby
approves the terms and conditions of the Plan and this Agreement.  In consideration of the Company granting to
Grantee the right to receive shares of the Company’s Common Stock as set forth
in the Plan and this Agreement, the undersigned hereby agrees to be irrevocably
bound by the terms and conditions of the Plan and this Agreement and further
agrees that any community property interest shall be similarly bound.  The undersigned hereby appoints the
undersigned’s spouse as attorney-in-fact for the undersigned with respect to
any amendment or exercise of rights under the Plan and/or this Agreement.

 

	
   

  	
   

  	
   

  
	
   

  	
  Signature of
  Grantee’s Spouse

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Printed Name
  of Grantee’s Spouse

  	
   

  
	
   

  	
   

  	
   

  

 

- 8 -

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