Document:

Exhibit 10.1

 

THE MARCUS CORPORATION

2004 EQUITY AND INCENTIVE AWARDS PLAN

RESTRICTED STOCK AGREEMENT

 

THIS RESTRICTED STOCK
AGREEMENT (“Agreement”) is made and entered into as of the grant date specified on the attached cover page (the
“Grant Date”) by and between THE MARCUS CORPORATION, a Wisconsin corporation (the “Company”), and the Participant
named on the attached cover page (the “Participant”).

 

WITNESSETH:

 

WHEREAS, the terms
of The Marcus Corporation 2004 Equity and Incentive Awards Plan (the “Plan”), to the extent not stated herein, are
specifically incorporated by reference in this Agreement and defined terms used herein which are not otherwise defined shall have
the meaning set forth in the Plan;

 

WHEREAS, the Plan
provides for the grant of various equity-based incentive awards, including grants of restricted shares of the Company’s Common
Stock, $1 par value (“Common Stock”), to be granted to certain key employees of the Company or a subsidiary thereof;

 

WHEREAS, the Participant
is now employed by the Company or a subsidiary thereof in a key capacity and has exhibited judgment, initiative and efforts which
have contributed materially to the successful performance of the Company; and

 

WHEREAS, the Company
desires to grant the Participant the Restricted Stock (as defined below) in recognition of Participant’s past and expected
future efforts as an employee of the Company or a subsidiary thereof and to provide the Participant with the opportunity to increase
his stock ownership in the Company.

 

NOW, THEREFORE,
in consideration of the premises and of the covenants and agreements herein set forth, the parties hereby mutually covenant and
agree as follows:

 

1.     
Grant of Restricted Stock. Subject to the terms and conditions of the Plan and this Agreement, the Company hereby
grants the Participant the number of shares of Common Stock set forth on the attached cover page (the “Restricted Stock”).

 

2.     
Restrictions. The Restricted Stock may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated.
Notwithstanding the foregoing, except as otherwise provided in Section 3, such restrictions shall lapse and the Restricted Stock
shall vest with respect to the following amounts of Restricted Stock in accordance with the following schedule provided that the
Participant is then still employed by the Company or a subsidiary on the relevant date below:

 

	Elapsed Period of Time after the Grant Date	Cumulative Percentage of Restricted 

Stock no Longer Subject to Restrictions
	Prior to the second anniversary of the Grant Date	0%
	From and after the second anniversary of the Grant Date	50%
	From and after the fourth anniversary of the Grant Date or the date referred to in paragraph 3(a)	100%

 

 

     

     

    

 

The period during which any of the Restricted
Stock is subject to the restrictions in this Section 2 shall hereinafter be referred to as the “Restriction Period”
with respect to the portion of the shares of Restricted Stock still subject to restriction. The Committee, as the administrator
of the Plan, may, at any time or from time to time, accelerate all or any part of the Restriction Period with respect to all or
any portion of the Restricted Stock.

 

3.     
Termination of Employment; Change in Control.

 

(a)   
If the Participant dies while he is in the employ of the Company or any subsidiary, or if his employment is terminated by
reason of his retirement in accordance with the then effective retirement plan or policy of the Company or any subsidiary, or his
permanent disability, the Restriction Period shall automatically terminate and all of the shares of the Restricted Stock shall
be free of all restrictions imposed by Section 2.

 

(b)  
If the Participant’s employment is terminated by the Company or any subsidiary for any reason or if the Participant
terminates his employment with the Company or any subsidiary for any reason (other than, in each case, one of the reasons set forth
in Section 3(a)), then any shares of Restricted Stock which then remain subject to the restrictions of Section 2 at the date of
such termination shall automatically be forfeited and returned to the Company.

 

4.     
Deposit of Restricted Shares. One or more certificates evidencing the shares of Restricted Stock shall be issued
by the Company in the Participant’s name. The Company shall cause the issued certificate(s) to be delivered to the Secretary
of the Company (or his designee) as a depository for safekeeping until a forfeiture occurs or the restrictions imposed by Section
2 hereof terminate. Promptly after the restrictions imposed by Section 2 hereof terminate with respect to some or all of the shares
of Restricted Stock, the Company shall deliver stock certificates representing such shares to Participant. Upon request of the
Company, Participant shall deliver to the Company a stock power, endorsed in blank, relating to the Restricted Stock then subject
to the restrictions of Section 2.

 

5.     
Securities Law Restrictions; Market Stand-Off. In addition to the restrictions set forth above, the shares of Restricted
Stock granted hereunder may not be sold or offered for sale except pursuant to an effective registration statement under the Securities
Act of 1933, as amended (the “Act”), or in a transaction which, in the opinion of legal counsel for the Company, is
exempt from the registration provisions of the Act. In connection with any underwritten public offering by the Company of its equity
securities pursuant to an effective registration statement filed under the Act, you agree that you shall not directly or indirectly
sell, make any short sale of, loan, hypothecate, pledge, offer, grant or sell any option or other contract for the purchase of,
purchase any option or other contract for the sale of, or otherwise dispose of or transfer or agree to engage in any of the foregoing
transactions with respect to, any shares acquired under this Agreement (whether or not subject to restrictions or risk of forfeiture
at the time of such offering) without the prior written consent of the Company and the Company’s underwriters. Such restriction
shall be in effect for such period of time following the date of the final prospectus for the offering as may be requested by the
Company or such underwriters. In no event, however, shall such period exceed one hundred eighty (180) days. In addition, if required
by underwriters for the Company, you agree to enter into a lock-up agreement with respect to any shares acquired under this Agreement.

 

6.     
Voting Rights; Dividends and Other Distributions. During the Restriction Period and prior to any forfeiture of the
Restricted Stock, the Participant will, subject to the restrictions set forth in Section 2, have all rights as a shareholder with
respect to the shares of Restricted Stock which then remain subject to such restrictions (including voting rights and the right
to receive dividends or other distributions the record date for which occurs prior to the forfeiture of the Restricted Stock);
provided, however, that if any such dividends or distributions are paid in stock of the Company, such shares shall be subject
to the same restrictions and risk of forfeiture as the Restricted Stock with respect to which they were paid.

 

    	 	-2-	 

     

    

 

7.     
Tax Withholding.

 

(a)   
No later than the date as of which an amount first becomes includable in the Participant’s gross income for federal
income tax purposes with respect to the Restricted Stock, the Participant shall pay to the Company, or make arrangements satisfactory
to the Company regarding the payment of, any federal, state, local or foreign taxes of any kind required by law to be withheld
with respect to such amount. The obligations of the Company under this Agreement and the Plan, including the obligation to release
from custody the Restricted Stock upon the expiration of the Restriction Period, shall be conditional on the Participant making
such payment or arrangements, and the Company and any Affiliate shall, to the extent permitted by law, have the right to deduct
any such taxes from any payment otherwise due to the Participant.

 

(b)  
The Participant shall be permitted to satisfy the Company’s tax withholding requirements by either (i) delivering
shares of previously owned Common Stock or (ii) having the Company withhold a portion of the shares of Common Stock otherwise deliverable
pursuant to this Agreement, in either case having a fair market value (as determined by the Committee) on the date income is recognized
by the Participant equal to the amount needed to satisfy any withholding obligations, provided that the amount of Shares withheld
or delivered may not exceed the total maximum statutory withholding obligations associated with the transaction to the extent needed
for the Company to avoid an accounting charge. If the number of shares of Common Stock determined pursuant to the preceding sentence
shall include a fractional share, then the number of shares delivered to, or withheld by, the Company shall be rounded up to the
next highest whole number and the Company shall deliver to the Participant cash in an amount equal to the then fair market value
(as determined by the Committee) of the fractional share of Common Stock delivered or withheld in excess of the amount needed to
satisfy any withholding obligations, unless the Participant makes other arrangements satisfactory to the Company for payment of
such amount.

 

8.     
No Right to Employment. It is fully understood that nothing contained in this Agreement or the Plan shall be deemed
to confer upon the Participant any right to continue in the employ of the Company or any subsidiary, nor to interfere in any way
with the right of the Company or any subsidiary to terminate the employment of the Participant at any time for any reason.

 

9.     
Interpretation by Committee. As a condition of the granting of the Restricted Stock, the Participant agrees, for
himself and his legal representatives, that the Plan and this Agreement shall be subject to discretionary interpretation by the
Committee and that any interpretation by the Committee of the terms of the Plan and this Agreement shall be final, binding and
conclusive on the Participant and his legal representatives in all respects and shall not be subject to challenge or dispute by
the Participant or his legal representatives.

 

10.  
Modification. Subject to the applicable provisions of the Plan, at any time and from time to time the Committee may
direct execution of an instrument providing for the modification, extension or renewal of this Agreement; provided, however,
that no such modification, extension or renewal shall (a) confer on the Participant any right or benefit which could not be conferred
on him by a grant of restricted shares of Common Stock under the Plan at such time or (b) except to the extent the Committee determines
that such modification, extension or renewal is in the best interest of the Participant or any other person(s) as may then have
an interest in the Restricted Stock, materially and adversely affect the value of the Restricted Stock without the written consent
of the Participant.

 

    	 	-3-	 

     

    

 

11.  
Miscellaneous.

 

(a)               
If the Company fails to enforce any provision of this Agreement at any time, that failure will in no way constitute a waiver
of such provision or of any other provision hereof.

 

(b)              
If any provision of this Agreement is held illegal, unenforceable or invalid for any reason, such illegality, unenforceability
or invalidity will not affect the legality, enforceability or validity of the remaining provisions of this Agreement, and the Agreement
will be construed and enforced as if the illegal, unenforceable or invalid provision had not been included in the Agreement.

 

(c)               
This Agreement will be binding on and inure to the benefit of the Participant and the Participant’s heirs and personal
representatives and to benefit of the Company and its successors and legal representatives.

 

    	 	-4-Exhibit

Exhibit 10.1

THIRD AMENDMENT TO LEASE

THIRD AMENDMENT TO LEASE dated as of this 23rd day of May, 2018 (the “Third Amendment Effective Date”) by and between BP BAY COLONY LLC, a Delaware limited liability company (“Landlord”), and RADIUS HEALTH, INC., a Delaware corporation (“Tenant”).

RECITALS

By Lease dated May 14, 2014 (the “Lease”), Landlord did lease to Tenant, and Tenant did hire and lease from Landlord, certain premises containing approximately 8,490 square feet of rentable floor area located on the first (1st) floor (referred to in the First Amendment (hereinafter defined) as the “Initial Premises”) of the building known and numbered as 950 Winter Street, Waltham, Massachusetts (the “Building”).

By First Amendment to Lease dated as of September 9, 2015 (the “First Amendment”), Tenant (i) leased from Landlord an additional 8,176 square feet of rentable floor area located on the first (1st) floor of the Building, which space is shown on Exhibit A attached to such First Amendment (referred to in the First Amendment as the “Expansion Premises 1”), (ii) leased from Landlord an additional 10,542 square feet of rentable floor area (referred to in the First Amendment as the “Rentable Floor Area of the Expansion Premises 2”) located on the first (1st) floor of the Building, which space is shown on Exhibit B attached to such First Amendment (referred to in the First Amendment as the “Expansion Premises 2”), and (iii) extended the Term of the Lease, upon all of the same terms and conditions set forth in the Lease except as set forth in the First Amendment. 

By Second Amendment to Lease dated as of April 22, 2016 (the “Second Amendment”), Landlord and Tenant agreed to increase the size of Expansion Premises 1 by 432 square feet of rentable floor area, upon all of the same terms and conditions set forth in the Lease except as set forth in the Second Amendment.

Landlord and Tenant have agreed that the Expansion Premises 2 contains 9,455 square feet of rentable floor area, which is 1,087 square feet (the “Expansion Premises 2 Square Footage Delta”) less than the 10,542 square feet of rentable floor area that is set forth as the “Rentable Floor Area of the Expansion Premises 2” in the First Amendment, and the parties are entering into this Third Amendment to Lease (this “Third Amendment”) to set forth said agreement and to otherwise amend the Lease as set forth herein. 

NOW THEREFORE, in consideration of One Dollar ($1.00) and other good and valuable consideration in hand this date paid by each of the parties to the other, the receipt and sufficiency of which are hereby severally acknowledged, and in further consideration of the mutual promises herein contained, Landlord and Tenant hereby agree to and with each other as follows:

1.Expansion 2 Premises 

Effective as of June 1, 2018, the “Rentable Floor Area of the Expansion Premises 2” shall be 9,455 square feet of rentable floor area and the “Rentable Floor Area of the Premises” shall be 26,553 square feet of rentable floor area.  For the avoidance of doubt, the parties acknowledge and agree that Exhibit B attached to the First Amendment accurately depicts the Expansion Premises 2 containing 9,455 square feet of rentable floor area. 

2.    Annual Fixed Rent for Expansion Premises 2 

(A)Effective as of June 1, 2018, Section 3(C) of the First Amendment is deleted in its entirety and replaced with the following:  

“(C)    Commencing on June 1, 2018, Annual Fixed Rent with respect to Expansion Premises 2 shall be payable as follows:

	
			
	Period:
	Rate PSF:
	Annual Rate:

	June 1, 2018 through 
November 8, 2018
	$38.00
	$359,290.00

	November 9, 2018 through
November 8, 2019
	$39.00
	$368,745.00

	November 9, 2019 through
January 31, 2021 
	$40.00
	$378,200.00

”

(B)Within sixty (60) days following the Third Amendment Effective Date, Landlord shall make a one-time lump sum payment to Tenant in the amount of Sixty-Three Thousand Two Hundred Forty-Two and 00/100 Dollars ($63,242.00), which shall constitute reimbursement in full for the Annual Fixed Rent attributable to the Expansion Premises 2 Square Footage Delta paid by Tenant to Landlord for the period from the Expansion Premises 2 Commencement Date through May 31, 2018. 

3.Parking. The parties acknowledge and agree that the Number of Parking Spaces is currently eighty-two (82), and they further acknowledge and agree that, notwithstanding anything in the Lease or this Third Amendment to the contrary, the Number of Parking Spaces shall not be impacted by this Third Amendment. 
   
4.    Defined Terms. Except as otherwise expressly provided herein, all capitalized terms used herein without definition shall have the same meanings as are set forth in the Lease.

5.    Ratification of Lease. Except as herein amended, the Lease shall remain unchanged and in full force and effect. All references to the “Lease” shall be deemed to be references to the Lease, as previously amended by the First Amendment and the Second Amendment and as amended by this Third Amendment.

2

6.    Authority. Each of Landlord and Tenant hereby represents and warrants to the other that all necessary action has been taken to enter this Third Amendment and that the person signing this Third Amendment on its behalf has been duly authorized to do so.

7.    Counterparts.  This Third Amendment may be executed in counterparts, and such counterparts together shall constitute but one original of the Third Amendment. Each counterpart shall be equally admissible in evidence, and each original shall fully bind each party who has executed it.  Provided it is accompanied by the final version of this Third Amendment (including all exhibits, if any), an executed signature page of this Third Amendment delivered by facsimile or as a PDF or a similar attachment to an email shall constitute effective delivery of this Third Amendment by the party so delivering the same for all purposes with the same force and effect as the delivery of an executed original counterpart.

--SIGNATURE PAGE FOLLOWS --

3

EXECUTED as of the date and year first above written.

	
					
	WITNESS: /s/ BP Bay Colony LLC
	 
	LANDLORD:

	 
	 
	 

	 
	 
	BP BAY COLONY LLC, a Delaware limited liability company
 
By:  BP BAY COLONY HOLDINGS LLC, a Delaware limited liability company, its sole member
 
By:  BOSTON PROPERTIES LIMITED PARTNERSHIP, a Delaware limited partnership, its member
 
By:  BOSTON PROPERTIES, INC., a Delaware corporation, its general partner 

	 
	 
	 

	 
	 
	 
	By:
	/s/ David C. Provost

	 
	 
	 
	Name:
	David C. Provost

	 
	 
	 
	Title:
	Senior Vice President

	
				
	 
	 
	TENANT:

	 
	 
	 

	WITNESS: /s/ Jon Mahlowitz
	 
	RADIUS HEALTH, INC., a Delaware corporation

	 
	 
	 

	 
	 
	By:
	/s/ Jose Carmona

	 
	 
	Name:
	Jose Carmona

	 
	 
	Title:
	Senior Vice President, Chief Financial Officer

	 
	 
	 
	 

                        

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