Document:

FORM OF LOJACK CORPORATION 2003 STOCK INCENTIVE PLAN

  
 EXHIBIT 10tt.

  
 LOJACK CORPORATION 
 LoJack Corporation 2003 Stock Incentive Plan 
 Stock Option Agreement 
  
 This Stock Option
Agreement and the preceding Certificate of Stock Option Grant (“Version 1”) (the “Certificate” and together with this document, the “Option Agreement”) made as of the date stated on the Certificate (the “Grant
Date”) by and between LoJack Corporation, a Massachusetts corporation (the “Company”), and the Optionee. 
  
 WITNESSETH THAT: 
  
 WHEREAS, the Company has instituted the LoJack Corporation 2003 Stock Incentive Plan (the “Plan”); and 
  
 WHEREAS, the Stock Incentive Plan Subcommittee of the Compensation
Committee (the “Committee”) has authorized the grant of a stock option upon the terms and conditions set forth below and pursuant to the Plan, a copy of which is attached hereto and incorporated herein; 
  
 NOW, THEREFORE, in consideration of the premises and the mutual
covenants and agreements herein contained and for other good and valuable consideration the receipt and adequacy of which are hereby acknowledged, the Company and the Optionee agree as follows. 
  
 1. Grant. Subject to the terms of the Plan and this Option Agreement,
the Company hereby grants to the Optionee a stock option (the “Option”) to purchase from the Company the amount of Common Stock (“Stock”) shown on the Certificate under “Option to Purchase.” If so provided in the
“Type of Option” shown on the Certificate, this Option is intended to constitute an incentive stock option and to qualify for special federal income tax treatment under Section 422 of the Code. 
  
 2. Grant Price. This Option may be exercised at the “Grant
Price” per share shown on the Certificate, subject to adjustment as provided herein and in the Plan. 
  
 3. Term and Exercisability of Option. This Option shall expire on the “Grant Expiration Date” shown on the Certificate, unless the Option
expires earlier pursuant to this Section 3 or any provision of the Plan. At any time before its expiration, this Option may be exercised to the extent vested, as shown on the Certificate, provided that: 
  
 (a) at the time of exercise the Optionee is not in violation
of any Employee Confidentiality and Non-Competition Agreement with the Company; 
  
 (b) the Optionee’s employment, contractual or other service relationship with the Company (“Relationship”) must be in
effect on a given date in order for any scheduled increment in vesting, as set forth in the “Vesting Schedule” on the Certificate, to become effective; and 
  
 (c) except as otherwise provided in the Plan, this Option may not be exercised after the ninetieth (90th)
day following the date of termination of the Relationship between the 

 
Optionee and the Company, except that if the Relationship terminates by reason of the Optionee’s death or total and permanent disability (as determined
by the Board on the basis of medical advice satisfactory to it), the unexercised portion of the Option that is otherwise exercisable on the date of termination of the Relationship shall remain exercisable thereafter for one (1) year. 
  
 For purposes of this Section 3, the term “Company” refers to the
Company and all Subsidiaries. 
  
 4. Method of Exercise.
Prior to its expiration and to the extent that the right to purchase shares of Stock has vested hereunder, this Option may be exercised from time to time by notice acceptable to the Company stating the number of shares with respect to which this
Option is being exercised and accompanied by payment of the option price by certified or bank check or money order or, with the approval of the Committee, as otherwise provided in Section 5(c) of the Plan. The Company, or the Committee, may from
time to time designate one or more forms or methods of providing notice of the exercise of an Option and in that event the Optionee agrees to utilize such form or method. As soon as practicable after its receipt of such notice, the Company shall,
without transfer or issue tax to the Optionee (or other person entitled to exercise this Option), deliver to the Optionee (or other person entitled to exercise this Option), at the principal executive offices of the Company or such other place as
shall be mutually acceptable, a stock certificate or certificates for such shares out of theretofore authorized but unissued shares or reacquired shares of its Stock as the Company may elect; provided, however, that the time of such delivery may be
postponed by the Company for such period as may be required for it with reasonable diligence to comply with any applicable requirements of law. If the Optionee (or other person entitled to exercise this Option) fails to pay for and accept delivery
of all of the shares specified in such notice upon tender of delivery thereof, his right to exercise this Option with respect to such shares not paid for may be terminated by the Company. 
  
 5. Withholding Taxes. The Optionee hereby agrees, as a condition to any exercise of this Option, to provide to the
Company an amount sufficient to satisfy the Company’s obligation to withhold federal, state, local and other taxes arising by reason of such exercise (the “Withholding Amount”), if any, by (a) authorizing the Company and/or any
Subsidiary to withhold the Withholding Amount from his cash compensation or (b) remitting the Withholding Amount to the Company in cash; provided, however, that to the extent that the Withholding Amount is not provided by one or a combination of
such methods, the Company may at its election withhold from the Stock that would otherwise be delivered upon exercise of this Option that number of shares having a Fair Market Value on the date of exercise sufficient to eliminate any deficiency in
the Withholding Amount; and provided, further, that the Fair Market Value of Stock withheld shall not exceed an amount in excess of the minimum required withholding. 
  
 6. Non-assignability of Option. During the life of the Optionee, this Option shall be exercisable only by him, by a
conservator or guardian duly appointed for him by reason of the Optionee’s incapacity or by the person appointed by the Optionee in a durable power of attorney acceptable to the Company’s counsel. This Option shall not be assignable or
transferable by the Optionee except by will or by the laws of descent and distribution or as permitted by the Committee in its discretion pursuant to the third sentence of Section 5(i) or Section 6 of the Plan. 
  
 7. Compliance with Securities Act; Lock-Up Agreement. The Company
shall not be obligated to sell or issue any shares of Stock or other securities pursuant to the exercise of this Option unless the shares of Stock or other securities with respect to which this Option is being exercised are at that time effectively
registered or exempt from registration under the Securities Act and applicable state 

  

 
securities laws. In the event shares or other securities shall be issued that shall not be so registered, the Optionee hereby represents, warrants and agrees
that he will receive such shares or other securities for investment and not with a view to their resale or distribution, and will execute an appropriate investment letter satisfactory to the Company and its counsel. The Optionee further hereby
agrees that as a condition to the purchase of shares upon exercise of this Option, he will execute an agreement in a form acceptable to the Company to the effect that the shares shall be subject to any underwriter’s lock-up agreement in
connection with a public offering of any securities of the Company that may from time to time apply to shares held by officers and employees of the Company, and such agreement or a successor agreement must be in full force and effect. 
  
 8. Legends. The Optionee hereby acknowledges that the stock
certificate or certificates evidencing shares of Stock or other securities issued pursuant to any exercise of this Option may bear a legend setting forth the restrictions on their transferability described in Section 7 hereof, if such restrictions
are then in effect. 
  
 9. Rights as Stockholder. The
Optionee shall have no rights as a stockholder with respect to any shares covered by this Option until the date of issuance of a stock certificate to him for such shares. No adjustment shall be made for dividends or other rights for which the record
date is prior to the date such stock certificate is issued. 
  
 10. Termination or Amendment of Plan. The Board may terminate or amend the Plan at any time. No such termination or amendment will affect rights and obligations under this Option, to the extent it is then in effect and unexercised.

  
 11. Effect Upon Employment and Performance of Services.
Nothing in this Option or the Plan shall be construed to impose any obligation upon the Company or any Subsidiary to employ or utilize the services of the Optionee or to retain the Optionee in its employ or to engage or retain the services of the
Optionee. 
  
 12. Time for Acceptance. Unless the Optionee
shall evidence his acceptance of this Option by electronic or other execution of the Certificate within thirty (30) days after its delivery to him, the Option shall be null and void. 
  
 13. Notice of Disqualifying Disposition. If the Option is designated under “Type of Option” as an ISO, the
Optionee agrees to notify the Company promptly in the event that he sells, transfers, exchanges or otherwise disposes of any shares of Stock issued upon exercise of the Option before the later of (a) the second anniversary of the date of grant of
the Option and (b) the first anniversary of the date the shares were issued upon his exercise of the Option. 
  
 14. Right of Repayment. In the event that the Optionee accepts employment with or provides services for a competitor of the Company within two (2)
years after the date of exercise of this Option or any portion of it, the Optionee shall pay to the Company an amount equal to the excess of the Fair Market Value of the Stock as of the date of exercise over the price paid for such shares; provided,
however, that the Committee in its discretion may release the Optionee from the requirement to make such payment, if the Committee determines that the Optionee’s acceptance of such employment or performance of such services is not inimical to
the best interests of the Company. The Company may deduct the amount of payment due under the preceding sentence from any compensation or other amount payable by the Company to the Optionee. For purposes of this Section 14, the term
“Company” refers to the Company and all Subsidiaries. 
  

 15. General Provisions. 
  
 (a) Amendment; Waivers. This Option Agreement, including the Plan, contains the full and complete
understanding and agreement of the parties hereto as to the subject matter hereof, and except as otherwise permitted by the express terms of the Plan and this Option Agreement, it may not be modified or amended nor may any provision hereof be waived
without a further written agreement duly signed by each of the parties; provided, however, that a modification or amendment that does not materially diminish the rights of the Optionee hereunder, as they may exist immediately before the effective
date of the modification or amendment, shall be effective upon written notice of its provisions to the Optionee. The waiver by either of the parties hereto of any provision hereof in any instance shall not operate as a waiver of any other provision
hereof or in any other instance. 
  
 (b)
Binding Effect. This Option Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective heirs, executors, administrators, representatives, successors and assigns. 
  
 (c) Governing Law. This Option Agreement shall be
governed by and construed in accordance with the laws of the Commonwealth of Massachusetts, without regard to the principles of conflicts of law. 
  
 (d) Construction. This Option Agreement is to be construed in accordance with the terms of the Plan. In case of any conflict
between the Plan and this Option Agreement, the Plan shall control. The titles of the sections of this Option Agreement and of the Plan are included for convenience only and shall not be construed as modifying or affecting their provisions. The
masculine gender shall include both sexes; the singular shall include the plural and the plural the singular unless the context otherwise requires. Capitalized terms not defined herein shall have the meanings given to them in the Plan. 

 
 (e) Notices. Any notice in connection with this
Option Agreement shall be deemed to have been properly delivered if it is in writing and is delivered by hand or facsimile or sent by registered mail, postage prepaid, to the party addressed as follows, unless another address has been substituted by
notice so given: 
  

			
	 To the Optionee:
	  	To his last address provided to the Company
		
	 To the Company:
	  	LoJack Corporation
	 	  	Westwood Executive Center
	 	  	200 Lowder Brook Road, Suite 1000
	 	  	Westwood, MA 02090
	 	  	Attn: Chief Financial Officer
		
	 Copy to:
	  	Sullivan & Worcester LLP
	 	  	One Post Office Square
	 	  	Boston, MA 02109
	 	  	Attn: Thomas A. Wooters, Esquire

  
 (f) Version Number. This document is Version 1 of the Stock Option Agreement. 
  

 IN WITNESS WHEREOF, the Company has caused this Option Agreement to be issued as of the Grant Date
set forth on Certificate. 
  

			
	LOJACK CORPORATION
		
	 	 	 
	Title:	 	Vice President and Chief Financial OfficerFORM OF LOJACK CORPORATION RESTRICTED STOCK AGREEMENT

  
 EXHIBIT 10uu.

  
 LOJACK CORPORATION 
  
 RESTRICTED STOCK AGREEMENT 
  
 COVER SHEET 
  
 This Restricted Stock Agreement (the “Agreement”) consists of this Cover Sheet and the LoJack Restricted Stock Agreement Form
(Rev. March 3, 2004). 
  
 Date of grant and effective date of this Agreement
(“Grant Date”): 
  
 Class of stock: common stock, $0.01 par value

  
 Number of shares of Common Stock: 
  
 Grantee: 
  
 Grantee’s address: 
  
 IN WITNESS WHEREOF, each of the parties hereto have duly executed this Agreement on the date and year first above written. 
  

			
	LOJACK CORPORATION
		
	By:	 	 
	 	 	

	 Name
	 	Joseph F. Abely
	 Title:
	 	President

  

	
	GRANTEE
	
	  
	

	 (Name)

  

 LOJACK CORPORATION 
  
 RESTRICTED STOCK AGREEMENT FORM 
  
 W I T N E S S E T H: 
  

  
 WHEREAS, Grantee is an officer or key
employee of LoJack Corporation or its successor, as applicable (the “Company”), or a subsidiary thereof; and 
  
 WHEREAS, the Company, pursuant to the LoJack Corporation 2003 Stock Incentive Plan, the terms and provisions of which are incorporated herein by this
reference (the “Plan”), desires to issue and grant to the Grantee, and the Grantee desires to accept, shares of the Company’s common stock, $0.01 par value (“Common Stock”), upon the terms and subject to the conditions
herein set forth; 
  
 NOW, THEREFORE, in consideration of the
premises and the mutual covenants herein contained, the parties hereto, intending to be legally bound, hereby agree as follows: 
  
 1. Grant of Restricted Stock. In recognition of the Grantee’s commitment to the continued growth and financial success of the Company and its Subsidiaries
(within the meaning of Section 1 of the Plan), the Company hereby grants to the Grantee the number of shares of Common Stock set forth on the Cover Sheet, which shares shall be subject to the restrictions, terms and conditions set forth in this
Agreement (“Restricted Stock”). Simultaneously with the execution and delivery of this Agreement by the parties hereto, the Company shall deliver to the Grantee a stock certificate (or certificates) representing the Restricted Stock, which
stock certificate(s) shall (a) be registered on the Company’s stock transfer books in the name of the Grantee and (b) bear (in addition to any other legends required by applicable law) the following legend (or a legend substantially similar
thereto): 
  
 “This certificate and the shares represented
hereby are issued pursuant to, subject to, and shall be transferable only in accordance with, the provisions of the LoJack Corporation 2003 Stock Incentive Plan and a certain Restricted Stock Agreement dated [Grant Date] between [Grantee] and LoJack
Corporation.” 
  
 2. Removal of Restricted Stock Legend. After the
Restricted Stock has vested in accordance with the provisions of Section 3, the Company, upon request of the Grantee, shall cause the transfer agent for the Common Stock to issue a stock certificate(s) representing the shares of Common Stock that
are free of restrictions and without the legend referred to in Section 1. 
  
 3. Vesting. 
  
 (a) In general. All shares
of Restricted Stock shall be subject to forfeiture until the third anniversary of the Grant Date, at which time the Grantee’s rights to the Restricted Stock shall become nonforfeitable (“vested”). Prior to such date, the Restricted
Stock shall be forfeitable (“unvested”). 
  
 (b)
Accelerated Vesting. Notwithstanding the foregoing, Restricted Stock shall vest without any action on the part of the Company or the Grantee in accordance with the following schedule in the event of the Grantee’s [death,] Retirement or
Disability or a termination of employment by the Company (or a Subsidiary thereof) of the Grantee, other than a termination for cause: 
  

			
	 If event occurs after

	  	 Vested Shares

	 First anniversary of Grant Date
	  	1/3rd of the Restricted Stock
	 Second anniversary of Grant Date
	  	2/3rds of
the Restricted Stock
	 Third anniversary of Grant Date
	  	All of the Restricted Stock

  

 In the event of a Change of Control, all shares of Restricted Stock shall vest without any further action
on the part of the Company or the Grantee as of the date of the Change of Control. 
  
 In no event shall a Grantee be deemed to have terminated employment by reason of a transfer to or from the Company or any Subsidiary thereof or to or from one Company Subsidiary to another Company Subsidiary.

  
 (c) Definitions. For all purposes of this Agreement,
the following terms shall have the following respective meanings. 
  

	 	(i)	“Change of Control” shall have the meaning set forth in Section 11 of the Plan. 

  

	 	(ii)	“Disability” shall have the meaning set forth in Section 5(g) of the Plan. 

  

	 	(iii)	“Retirement” shall have the meaning set forth in Section 5(g) of the Plan. 

  
 4. Non-Transferability of Restricted Stock. Unvested shares of Restricted Stock may not be sold, assigned, transferred, pledged,
hypothecated or otherwise disposed of, such shares shall not be assignable by operation of law and such shares shall not be subject to execution, attachment or similar process. Any attempted sale, assignment, transfer, pledge, hypothecation or other
disposition of any unvested shares of Restricted Stock contrary to the provisions hereof shall be null and void and without effect. 
  
 5. Forfeiture. 
  
 (a) If upon any termination of the Grantee’s employment with the Company or any of its Subsidiaries the Grantee is not vested in all shares of
Restricted Stock governed by this Agreement, beneficial ownership of the unvested shares shall revert to the Company and the Grantee shall be deemed to have forfeited such unvested shares (a “Forfeiture”) without any consideration
therefor. 
  
 (b) Upon the occurrence of a Forfeiture, the Grantee
shall, within ten business days thereafter, transfer and deliver to the Company all stock certificates representing all unvested shares of Restricted Stock, together with stock powers duly executed in blank by the Grantee. From and after the
occurrence of a Forfeiture, the Grantee shall have no rights to or interests in any shares of the unvested Restricted Stock or under this Agreement (other than the obligation to transfer and deliver all stock certificates representing all shares of
the Restricted Stock pursuant to this Section 5(b)). 
  
 6. Representations and
Warranties of Grantee. The Grantee hereby represents and warrants to the Company as follows: 
  
 (a) The Grantee has the legal right and capacity to enter into this Agreement and fully understands the terms and conditions of this Agreement.

  
 (b) The Grantee is acquiring the Restricted Stock for
investment purposes only and not with a view to, or in connection with, the public distribution thereof in violation of the Securities Act of 1933, as amended. 
  

 7. Notices. Any notice required or permitted hereunder shall be deemed given only when delivered personally or
when deposited in a United States Post Office as certified mail, postage prepaid, addressed, as appropriate, if to the Grantee, at his address set forth on the Cover Sheet or such other address as the Grantee may designate in writing to the Company,
and, if to the Company, at 200 Lowder Brook Drive, Suite 1000, Westwood, MA 02090 or such other address as the Company may designate in writing to the Grantee. 
  

8. Section 83(b) Election. The Grantee shall promptly furnish the Company with a copy of any election filed pursuant to Section 83(b) of the Internal Revenue
Code of 1986, as amended. 
  
 9. Failure to Enforce Not a Waiver. The
failure of the Company to enforce at any time any provision of this Agreement shall in no way be construed to be a waiver of such provision or of any other provision hereof. 
  
 10. Amendment: Termination. This Agreement may not be amended or terminated unless such amendment or termination is in writing and
duly executed by each of the parties hereto. 
  
 11. Counterparts. This
Agreement may be executed in counterparts, each of which shall be deemed to be an original, but all of which together shall constitute but one and the same instrument. 
  
 12. Benefit and Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the Company, its successors
and assigns, and the Grantee, his executors, administrators, personal representatives and heirs. In the event that any part of this Agreement shall be held to be invalid or unenforceable, the remaining parts hereof shall nevertheless continue to be
valid and enforceable as though the invalid portions were not a part hereof. 
  
 13. Entire Agreement. This Agreement contains the entire understanding of the parties hereto with respect to the subject matter hereof and supersedes all prior agreements, discussions and understandings with respect to such subject
matter. 
  
 14. Governing Law. This Agreement shall be governed by, and
construed and enforced in accordance with, the laws of the Commonwealth of Massachusetts, without giving effect to principles and provisions thereof relating to conflict or choice of laws. 
  
 [End of Agreement – Signatures on Cover Sheet]

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