Document:

Exhibit 10.4 to ATC 06-06-2006 8-K

    Exhibit
      10.4

     

    AFTERMARKET
      TECHNOLOGY CORP.

    RESTRICTED
      STOCK AGREEMENT

    

    THIS
      RESTRICTED STOCK AGREEMENT (this “Agreement”) is entered into as of the Date of
      Award indicated below by and between Aftermarket Technology Corp., a Delaware
      corporation (the “Company”), and the person named below as Holder.

    

    WHEREAS,
      Holder is a member (a “Director”) of the Company’s Board of Directors (the
“Board”); and pursuant to the Company’s Stock Incentive Plan indicated below
      (the “Plan”), the Board, on the recommendation of the Company’s Compensation and
      Human Resources Committee (the “Committee”), has approved the award to Holder of
      shares of the common stock, par value $0.01 per share, of the Company (the
      “Common Stock”), on the terms and conditions set forth herein;

    

    NOW,
      THEREFORE, in consideration of the foregoing recitals and the covenants set
      forth herein, the parties hereto hereby agree as follows:

    

    1.  Award;
      Vesting.
      The
      Company hereby awards to Holder, and Holder hereby accepts, as of the Date
      of
      Award, the number of shares of Common Stock indicated below (the “Restricted
      Stock”) for the purchase price per share, if any, indicated below. The
      Restricted Stock shall be subject to all of the terms and conditions set forth
      in this Agreement, including the restrictions imposed pursuant to Section 2
      hereof.

    

    
      	
                      Holder:  
                _____________________________

            
	
                      Date
                of
                Award:   ___________, 200__

            
	
                      Number
                of shares of Restricted Stock: 
 _____________

            
	
                      Purchase
                Price
                per share:   none

            
	
                      Vesting
                Schedule: 

            	
              __________
                shares

            	
              on
                ___________, 200___

            
	
               

            	
              __________
                shares

            	
              on
                ___________, 200___

            
	
               

            	
              __________
                shares

            	
              on
                ___________, 200___

            
	
                      Stock
                Incentive Plan: 
 ______________

            

    

    

    Holder
      must be a Director on the date the Restricted Stock would otherwise vest
      pursuant to the above Vesting Schedule.

    

    2.  Restrictions.
      Unvested
      Restricted Stock (i) shall not be sold, exchanged, assigned, transferred,
      conveyed, gifted, or otherwise disposed of in any way at any time and (ii)
      shall
      not be pledged, encumbered, or otherwise hypothecated in any way at any time
      and
      shall not be subject to execution, attachment, or similar legal process. Any
      attempt to sell, transfer, pledge, encumber, hypothecate, or otherwise dispose
      of any unvested shares of Restricted Stock shall be null and void and without
      legal force or effect.

    

    3.  Acceleration
      of Vesting. 

    

    (a)  Death
      or Permanent Disability.
      If
      Holder ceases to be a Director because of his or her death or Permanent
      Disability (as defined in Attachment A hereto), all then unvested
      Restricted Stock shall vest on the date Holder ceases to be a
      Director.

    

    (b)  Termination
      Without Cause Within 18 Months After a Change of Control.
      If
      Holder ceases to be a Director because he or she is Terminated without Cause
      (as
      defined in Attachment A hereto) within 18 months after a Change of Control
      (as defined in Attachment A hereto), all then unvested Restricted Stock
      shall vest on the date Holder ceases to be a Director.

    

    (c)  Other.
      In
      addition, the Board (or the Committee acting in the Board’s place), in its sole
      discretion, may accelerate the vesting of the Restricted Stock at any time
      and
      for any reason.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    4.  Forfeiture
      of Restricted Stock.
      Except
      as provided in Section 3, if Holder ceases to be a Director for any reason
      or no reason, any Restricted Stock that has not yet vested as of the date that
      Holder ceases to be a Director shall be immediately forfeited and canceled.
      In
      that event, the Company shall reimburse Holder for the cash consideration,
      if
      any, paid by Holder for such forfeited Restricted Stock.

    

    5.  Payment
      of Withholding Taxes.

    

    (a)  If
      the
      Company becomes obligated to withhold an amount on account of any federal,
      state
      or local tax imposed as a result of the grant or sale of the Restricted Stock
      to
      Holder pursuant to this Agreement (such as in the case of Holder's election
      under Section 83(b) of the Internal Revenue Code) or the termination of the
      restrictions imposed upon the Restricted Stock hereunder including, without
      limitation, any federal, state or other income tax, or any FICA, state
      disability insurance tax or other employment tax (the date upon which the
      Company becomes so obligated being the “Withholding Date”), then Holder shall
      pay such amount (the “Withholding Liability”) to the Company on the Withholding
      Date by one or a combination of the following means as Holder may
      elect:

    

    
      	 	
              (i)

            	
              delivering
                cash or check payable to the Company;

            

    

    

    
      	 	
              (ii)

            	
              delivering
                already-owned shares of Common Stock (free and clear of any pledge,
                commitment, lien, claim or other encumbrance) having an aggregate
                fair
                market value (as defined in the Plan) as of the Withholding Date
                equal to
                the Withholding Liability to be so paid, provided that the Company
                is not
                then prohibited by law or any instrument or agreement from purchasing
                or
                acquiring such shares of Common Stock;
                and/or

            

    

    

    
      	 	
              (iii)

            	
              withholding
                from the shares of Common Stock otherwise to be released to Holder
                upon
                the vesting thereof a number of shares having an aggregate fair market
                value (as defined in the Plan) as of the Withholding Date equal to
                the
                Withholding Liability to be so
                paid.

            

    

    

    Notwithstanding
      the foregoing, Holder may not elect to deliver already-owned shares under clause
      (ii) above or have shares withheld under clause (iii) above (x) if the
      Board (or the Committee acting in the Board’s place) decides otherwise,
      (y) the Company is then prohibited by law or any instrument or agreement
      from purchasing or acquiring such shares, or (z) to the extent that the
      fair market value (as defined in the Plan) of such shares would exceed the
      Company’s minimum statutory withholding obligation (based on minimum statutory
      withholding rates for federal and state tax purposes, including payroll taxes,
      that are applicable to Holder’s supplemental taxable income relating to the
      Restricted Stock).

    

    (b)  If
      Holder's Withholding Liability is not otherwise satisfied pursuant to (a) above,
      then the Company shall have the right to withhold and deduct from any
      compensation or other amounts otherwise due to Holder an amount necessary to
      satisfy such Withholding Liability. Furthermore, the Company shall have the
      right to deduct and withhold any such applicable taxes from, or in respect
      of,
      any dividends or other distributions paid on or in respect of the Restricted
      Stock. All taxes, if any, in respect of the grant of the Restricted Stock or
      any
      other payments hereunder shall be solely Holder's responsibility and shall
      be
      paid by Holder. Holder will notify the Company of his or her intention to make
      an election under Section 83(b) of the Code at least five (5) business days
      before making such election.

    

    (c)  The
      Board
      (or the Committee acting in the Board’s place), in its sole discretion, may
      impose any additional conditions under subsections (a) and/or (b) as may be
      required to comply with Section 16(b) of the Securities Exchange Act of 1934
      (including any rules promulgated thereunder). The Board (or the Committee acting
      in the Board’s place) shall have sole discretion to approve or disapprove any
      Withholding Liability payment election made by Holder and may adopt such rules
      and regulations as are consistent with and necessary to implement the
      foregoing.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    6.  Escrow.

    

    (a)  Until
      a
      share of Restricted Stock vests, (i) the record address of Holder as the holder
      of record of such share shall be c/o the Secretary of the Company at the address
      of the Company’s principal executive office, and (ii) the share will be kept in
      a restricted account maintained with the Company’s stock transfer
      agent.

    

    (b)  From
      and
      after the date upon which a share of Restricted Stock vests, Holder shall be
      entitled (provided that Holder shall have paid the Withholding Liability to
      the
      Company pursuant to Section 5 hereof) to receive a stock certificate
      representing such share (together with any cash, property and/or securities
      comprising all or any part of such Restricted Stock as provided in Section
      7
      hereof).

    

    7.  Voting;
      Dividends; Certain Corporate Transactions.
      

    

    (a)  Subject
      to the provisions of the Plan and this Agreement, Holder shall have all of
      the
      powers, preferences, and rights of a holder of Common Stock with respect to
      the
      Restricted Stock. Holder shall be entitled to exercise all voting rights with
      respect to the Restricted Stock and to receive all regular cash dividends paid
      with respect thereto. Any stock dividends paid in respect of shares of unvested
      Restricted Stock shall be treated as additional Restricted Stock and shall
      be
      subject to the same restrictions and other terms and conditions that apply
      to
      the shares of unvested Restricted Stock with respect to which such stock
      dividends are paid. Holder agrees and understands that nothing contained in
      this
      Agreement provides, or is intended to provide, any protection against potential
      future dilution of Holder's stockholder interest in the Company for any reason,
      except as may otherwise be provided in the Plan.

    

    (b)  In
      the
      event that the outstanding securities of any class then comprising the
      Restricted Stock are increased, decreased or exchanged for or converted into
      cash, property and/or a different number or kind of securities, or cash,
      property and/or securities are distributed in respect of such outstanding
      securities, in either case as a result of a reorganization, merger,
      consolidation, recapitalization, restructuring, reclassification, spin-off,
      spin-out, dividend (other than a regular cash dividend) or other distribution,
      stock split, reverse stock split or the like, then, unless the Board (or the
      Committee acting in the Board’s place) shall determine otherwise, the term
“Restricted Stock” shall, from and after the date of such event, include such
      cash, property and/or securities so distributed in respect of the Restricted
      Stock, or into or for which the shares of Restricted Stock are so increased,
      decreased, exchanged or converted.

    

    8.  Securities
      Laws.
      Holder
      represents to the Company that the resale of the shares of Common Stock issued
      pursuant to this Agreement shall be subject to, and shall comply with, any
      applicable requirements of federal and state securities laws, rules, and
      regulations (including, without limitation, the provisions of the Securities
      Act
      of 1933, the Securities Exchange Act of 1934 and the respective rules and
      regulations promulgated thereunder) and any other law, rule, or regulation
      applicable thereto, as such laws, rules, and regulations may be amended from
      time to time.

    

    9.  Plan.
      The
      Restricted Stock is granted pursuant to the Plan, as in effect on the Date
      of
      Grant, and is subject to all the terms and conditions of the Plan, as the same
      may be amended from time to time; provided,
      however,
      that no
      such amendment shall deprive Holder, without his or her consent, of the
      Restricted Stock or of any of Holder's rights under this Agreement. The
      interpretation and construction by the Board (or the Committee acting in the
      Board’s place) of the Plan, this Agreement and such rules and regulations as may
      be adopted by the Board (or the Committee acting in the Board’s place) for the
      purpose of administering the Plan shall be final and binding upon Holder. Until
      the Restricted Stock vests in full, the Company shall, upon written request
      therefor, send a copy of the Plan, in its then-current form, to
      Holder.

    

    10.  Successors
      and Assigns.
      This
      Agreement shall be binding upon and inure to the benefit of the parties hereto
      and their respective heirs, executors, administrators, legal representatives,
      guardians, beneficiaries, successors and assigns.

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    11.  Notices.
      All
      notices and other communications required or permitted to be given pursuant
      to
      this Agreement shall be in writing and shall be deemed given (i) five days
      after mailing by certified or registered mail, postage prepaid, return receipt
      requested, (ii) the next business day after being sent through an overnight
      delivery service under circumstances in which such service guarantees next
      day
      delivery, or (iii) when actually received if sent by any other method. All
      notices shall be sent to the Company at 1400 Opus Place, Suite 600, Downers
      Grove, Illinois 60515, attention General Counsel, and to Holder at the address
      set forth beneath his or her signature on the signature page hereof, or at
      such
      other addresses as they may designate by written notice in the manner
      aforesaid.

    

    12.  Governing
      Law; Entire Agreement.
      This
      Agreement shall be governed by and shall be construed in accordance with the
      laws of the State of Delaware, without reference to the principles of conflict
      of laws thereof. This Agreement contains the entire agreement between Holder
      and
      the Company with respect to the subject matter contained herein, and supersedes
      all prior agreements or prior understandings, whether oral or written, between
      such parties relating to such subject matter.

    

    13.  Severability.
      The
      invalidity or unenforceability of any provision of this Agreement in any
      jurisdiction shall not affect the validity, legality, or enforceability of
      the
      remainder of this Agreement in such jurisdiction or the validity, legality,
      or
      enforceability of any provision of this Agreement in any other jurisdiction,
      it
      being intended that all rights and obligations of the parties hereunder shall
      be
      enforceable to the fullest extent permitted by law.

    

    IN
      WITNESS WHEREOF, the Company and Holder have duly executed this Agreement in
      one
      or more counterparts, each of which shall be deemed an original, as of the
      Date
      of Award.

     

    
      	 	 	 
	 	AFTERMARKET
              TECHNOLOGY CORP.
	 
 	 
 	 
 
	 	By:  	 
	 	
              Donald
                T. Johnson,
                Jr.

              Chairman,
                President and Chief Executive
                Officer

            

    

    
       

    

    
      	 
	
               

               

            
	
              [name
                of Holder]

            
	
               

               

            
	
              [signature]

            
	
               

            
	
              [street
                address]

            
	
               

            
	
              [city,
                state and ZIP code]

            

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    ATTACHMENT
      A

    

    Definitions

    

    “Cause”
means
      the occurrence or existence of any of the following with respect to Holder,
      as
      determined by the Board in its sole discretion:

    

    (a)  a
      material breach by Holder of his or her duty not to engage in any transaction
      that represents, directly or indirectly, self-dealing with the Company or any
      of
      its affiliates that has not been approved by the Board; 

    

    (b)  any
      act
      of dishonesty, misappropriation, embezzlement, intentional fraud or similar
      conduct involving the Company or any of its affiliates; 

    

    (c)  the
      conviction or the plea of nolo contendere or the equivalent in respect of a
      felony involving moral turpitude; 

    

    (d)  any
      intentional damage of a material nature to any property of the Company or any
      of
      its affiliates; or

    

    (e)  the
      repeated non-prescription use of any controlled substance or the repeated use
      of
      alcohol or any other non-controlled substance that, in the determination of
      the
      Board renders Holder unfit to serve in his or her capacity as a
      Director.

    

    “Change
      of Control”
means
      the first to occur of the following events:

    

    (a)  any
      sale
      or transfer or other conveyance, whether director or indirect, of all or
      substantially all of the assets of the Company, on a consolidated basis, in
      one
      transaction or a series of related transactions, unless, immediately after
      giving effect to such transaction, at least 85% of the total voting power
      normally entitled to vote in the election of directors, managers or trustees,
      as
      applicable, of the transferee is “beneficially owned” by persons who,
      immediately prior to the transaction, beneficially owned 100% of the total
      voting power normally entitled to vote in the election of directors of the
      Company; 

    

    (b)  any
      Person or Group (as defined below) is or becomes the "beneficial owner,"
      directly or indirectly, of more than 35% of the total voting power in the
      aggregate of all classes of Capital Stock of the Company then outstanding
      normally entitled to vote in elections of directors; 

    

    (c)  during
      any period of 12 consecutive months, individuals who at the beginning of such
      12-month period constituted the Board (together with any new Directors whose
      election by the Board or whose nomination for election by the shareholders
      of
      the Company was approved by a vote of a majority of the Directors then still
      in
      office who were either Directors at the beginning of such period or whose
      election or nomination for election was previously so approved) cease for any
      reason to constitute a majority of the Board then in office; or 

    

    (d)  a
      reorganization, merger or consolidation of the Company the consummation of
      which
      results in the outstanding securities of the same class as the Restricted Stock
      being exchanged for or converted into cash, property and/or a different kind
      of
      securities, unless, immediately after giving effect to such transaction, at
      least 85% of the total voting power normally entitled to vote in the election
      of
      directors, managers or trustees, as applicable, of the entity surviving or
      resulting from such reorganization, merger or consolidation is “beneficially
      owned” by persons who, immediately prior to the transaction, beneficially owned
      100% of the total voting power normally entitled to vote in the election of
      directors of the Company.

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    "Permanent
      Disability"
      means
      the inability to engage in any substantial gainful activity by reason of any
      medically determinable physical or mental impairment that can be expected to
      result in death or that has lasted or can be expected to last for a continuous
      period of not less than 12 months. Holder shall not be deemed to have a
      Permanent Disability until proof of the existence thereof shall have been
      furnished to the Board in such form and manner, and at such times, as the Board
      may require. Any determination by the Board that Holder does or does not have
      a
      Permanent Disability shall be final and binding upon the Company and
      Holder.

    

    “Person”
      and “Group”
have
      the meanings used for purposes of Sections 13(d) and 14(d) of the Securities
      Exchange Act of 1934, whether or not such sections apply to the transaction
      in
      question. 

    

    “Termination
      Without Cause”
means
      that Holder ceases to be a Director for any of the following
      reasons:

    

    (a)  Holder
      is
      removed from the Board without Cause;

    

    (b)  Holder
      is
      not nominated for reelection to the Board, unless the Board has Cause not to
      nominate him; or

    

    (c)  Holder
      is
      nominated for reelection to the Board but does not receive sufficient votes
      for
      reelection.

    
      
        
        

      

      
        6Exhibit 10.5 to ATC 06-06-2006 8-K

    Exhibit
      10.5

    
 

    AFTERMARKET
      TECHNOLOGY CORP.

    RESTRICTED
      STOCK AGREEMENT

    

    THIS
      RESTRICTED STOCK AGREEMENT (this “Agreement”) is entered into as of the Date of
      Award indicated below by and between Aftermarket Technology Corp., a Delaware
      corporation (the “Company”), and the person named below as Holder.

    

    WHEREAS,
      Holder is a key Employee of the Company and/or one or more of its subsidiaries;
      and pursuant to the Company’s Stock Incentive Plan indicated below (the “Plan”),
      the Company’s Compensation and Human Resources Committee (the “Committee”)
      and/or its Board of Directors (the “Board”) has approved the award to Holder of
      shares of the common stock, par value $0.01 per share, of the Company (the
      “Common Stock”), on the terms and conditions set forth herein;

    

    NOW,
      THEREFORE, in consideration of the foregoing recitals and the covenants set
      forth herein, the parties hereto hereby agree as follows:

    

    1.  Award;
      Vesting.
      The
      Company hereby awards to Holder, and Holder hereby accepts, as of the Date
      of
      Award, the number of shares of Common Stock indicated below (the “Restricted
      Stock”) for the purchase price per share, if any, indicated below. The
      Restricted Stock shall be subject to all of the terms and conditions set forth
      in this Agreement, including the restrictions imposed pursuant to Section 2
      hereof.

    

    
      	
              Holder: 
                 _____________________________

            
	
              Date
                of Award:   ___________, 200__

            
	
              Number
                of shares of Restricted Stock: 
 _____________

            
	
              Purchase
                Price per share:   none

            
	
              Vesting
                Schedule: 

            	
              __________
                shares

            	
              on
                ___________, 200___

            
	 	
              __________
                shares

            	
              on
                ___________, 200___

            
	 	
              __________
                shares

            	
              on
                ___________, 200___

            
	
              Stock
                Incentive Plan: 
 ______________

            

    

    

    Holder
      must be an Employee on the date the Restricted Stock would otherwise vest
      pursuant to the above Vesting Schedule. As used herein, Holder will be an
“Employee” so long as he or she is employed on either a full-time or part-time
      basis by the Company or one of its subsidiaries.

    

    2.  Restrictions.
      Unvested
      Restricted Stock (i) shall not be sold, exchanged, assigned, transferred,
      conveyed, gifted, or otherwise disposed of in any way at any time and (ii)
      shall
      not be pledged, encumbered, or otherwise hypothecated in any way at any time
      and
      shall not be subject to execution, attachment, or similar legal process. Any
      attempt to sell, transfer, pledge, encumber, hypothecate, or otherwise dispose
      of any unvested shares of Restricted Stock shall be null and void and without
      legal force or effect.

    

    3.  Acceleration
      of Vesting. 

    

    (a)  Death
      or Permanent Disability.
      If
      Holder ceases to be an Employee because of his or her death or Permanent
      Disability (as defined in Attachment A hereto), all then unvested
      Restricted Stock shall vest on the date Holder ceases to be an
      Employee.

    

    (b)  Termination
      Without Cause Within 18 Months After a Change of Control.
      If
      Holder ceases to be an Employee because he or she is terminated without Cause
      (as defined in Attachment A hereto) within 18 months after a Change of
      Control (as defined in Attachment A hereto), all then unvested Restricted
      Stock shall vest on the date Holder ceases to be an Employee.

    

    (c)  Other.
      In
      addition, the Board (or the Committee acting in the Board’s place), in its sole
      discretion, may accelerate the vesting of the Restricted Stock at any time
      and
      for any reason.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    4.  Forfeiture
      of Restricted Stock.
      Except
      as provided in Section 3, if Holder ceases to be an Employee for any reason
      or no reason, any Restricted Stock that has not yet vested as of the date that
      Holder ceases to be an Employee shall be immediately forfeited and canceled.
      In
      that event, the Company shall reimburse Holder for the cash consideration,
      if
      any, paid by Holder for such forfeited Restricted Stock.

    

    5.  Payment
      of Withholding Taxes.

    

    (a)  If
      the
      Company becomes obligated to withhold an amount on account of any federal,
      state
      or local tax imposed as a result of the grant or sale of the Restricted Stock
      to
      Holder pursuant to this Agreement (such as in the case of Holder's election
      under Section 83(b) of the Internal Revenue Code) or the termination of the
      restrictions imposed upon the Restricted Stock hereunder including, without
      limitation, any federal, state or other income tax, or any FICA, state
      disability insurance tax or other employment tax (the date upon which the
      Company becomes so obligated being the “Withholding Date”), then Holder shall
      pay such amount (the “Withholding Liability”) to the Company on the Withholding
      Date by one or a combination of the following means as Holder may
      elect:

    

    
      	 	
              (i)

            	
              delivering
                cash or check payable to the Company;

            

    

    

    
      	 	
              (ii)

            	
              delivering
                already-owned shares of Common Stock (free and clear of any pledge,
                commitment, lien, claim or other encumbrance) having an aggregate
                fair
                market value (as defined in the Plan) as of the Withholding Date
                equal to
                the Withholding Liability to be so paid, provided that the Company
                is not
                then prohibited by law or any instrument or agreement from purchasing
                or
                acquiring such shares of Common Stock;
                and/or

            

    

    

    
      	 	
              (iii)

            	
              withholding
                from the shares of Common Stock otherwise to be released to Holder
                upon
                the vesting thereof a number of shares having an aggregate fair market
                value (as defined in the Plan) as of the Withholding Date equal to
                the
                Withholding Liability to be so
                paid.

            

    

    

    Notwithstanding
      the foregoing, Holder may not elect to deliver already-owned shares under clause
      (ii) above or have shares withheld under clause (iii) above (x) if the
      Board (or the Committee acting in the Board’s place) decides otherwise,
      (y) the Company is then prohibited by law or any instrument or agreement
      from purchasing or acquiring such shares, or (z) to the extent that the
      fair market value (as defined in the Plan) of such shares would exceed the
      Company’s minimum statutory withholding obligation (based on minimum statutory
      withholding rates for federal and state tax purposes, including payroll taxes,
      that are applicable to Holder’s supplemental taxable income relating to the
      Restricted Stock).

    

    (b)  If
      Holder's Withholding Liability is not otherwise satisfied pursuant to (a) above,
      then the Company shall have the right to withhold and deduct from any
      compensation or other amounts otherwise due to Holder an amount necessary to
      satisfy such Withholding Liability. Furthermore, the Company shall have the
      right to deduct and withhold any such applicable taxes from, or in respect
      of,
      any dividends or other distributions paid on or in respect of the Restricted
      Stock. All taxes, if any, in respect of the grant of the Restricted Stock or
      any
      other payments hereunder shall be solely Holder's responsibility and shall
      be
      paid by Holder. Holder will notify the Company of his or her intention to make
      an election under Section 83(b) of the Code at least five (5) business days
      before making such election.

    

    (c)  The
      Board
      (or the Committee acting in the Board’s place), in its sole discretion, may
      impose any additional conditions under subsections (a) and/or (b) as may be
      required to comply with Section 16(b) of the Securities Exchange Act of 1934
      (including any rules promulgated thereunder). The Board (or the Committee acting
      in the Board’s place) shall have sole discretion to approve or disapprove any
      Withholding Liability payment election made by Holder and may adopt such rules
      and regulations as are consistent with and necessary to implement the
      foregoing.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    6.  Escrow.

    

    (a)  Until
      a
      share of Restricted Stock vests, (i) the record address of Holder as the holder
      of record of such share shall be c/o the Secretary of the Company at the address
      of the Company’s principal executive office, and (ii) the share will be kept in
      a restricted account maintained with the Company’s stock transfer
      agent.

    

    (b)  From
      and
      after the date upon which a share of Restricted Stock vests, Holder shall be
      entitled (provided that Holder shall have paid the Withholding Liability to
      the
      Company pursuant to Section 5 hereof) to receive a stock certificate
      representing such share (together with any cash, property and/or securities
      comprising all or any part of such Restricted Stock as provided in Section
      7
      hereof).

    

    7.  Voting;
      Dividends; Certain Corporate Transactions.
      

    

    (a)  Subject
      to the provisions of the Plan and this Agreement, Holder shall have all of
      the
      powers, preferences, and rights of a holder of Common Stock with respect to
      the
      Restricted Stock. Holder shall be entitled to exercise all voting rights with
      respect to the Restricted Stock and to receive all regular cash dividends paid
      with respect thereto. Any stock dividends paid in respect of shares of unvested
      Restricted Stock shall be treated as additional Restricted Stock and shall
      be
      subject to the same restrictions and other terms and conditions that apply
      to
      the shares of unvested Restricted Stock with respect to which such stock
      dividends are paid. Holder agrees and understands that nothing contained in
      this
      Agreement provides, or is intended to provide, any protection against potential
      future dilution of Holder's stockholder interest in the Company for any reason,
      except as may otherwise be provided in the Plan.

    

    (b)  In
      the
      event that the outstanding securities of any class then comprising the
      Restricted Stock are increased, decreased or exchanged for or converted into
      cash, property and/or a different number or kind of securities, or cash,
      property and/or securities are distributed in respect of such outstanding
      securities, in either case as a result of a reorganization, merger,
      consolidation, recapitalization, restructuring, reclassification, spin-off,
      spin-out, dividend (other than a regular cash dividend) or other distribution,
      stock split, reverse stock split or the like, then, unless the Board (or the
      Committee acting in the Board’s place) shall determine otherwise, the term
“Restricted Stock” shall, from and after the date of such event, include such
      cash, property and/or securities so distributed in respect of the Restricted
      Stock, or into or for which the shares of Restricted Stock are so increased,
      decreased, exchanged or converted.

    

    8.  Securities
      Laws.
      Holder
      represents to the Company that the resale of the shares of Common Stock issued
      pursuant to this Agreement shall be subject to, and shall comply with, any
      applicable requirements of federal and state securities laws, rules, and
      regulations (including, without limitation, the provisions of the Securities
      Act
      of 1933, the Securities Exchange Act of 1934 and the respective rules and
      regulations promulgated thereunder) and any other law, rule, or regulation
      applicable thereto, as such laws, rules, and regulations may be amended from
      time to time.

    

    9.  Plan.
      The
      Restricted Stock is granted pursuant to the Plan, as in effect on the Date
      of
      Grant, and is subject to all the terms and conditions of the Plan, as the same
      may be amended from time to time; provided,
      however,
      that no
      such amendment shall deprive Holder, without his or her consent, of the
      Restricted Stock or of any of Holder's rights under this Agreement. The
      interpretation and construction by the Board (or the Committee acting in the
      Board’s place) of the Plan, this Agreement and such rules and regulations as may
      be adopted by the Board (or the Committee acting in the Board’s place) for the
      purpose of administering the Plan shall be final and binding upon Holder. Until
      the Restricted Stock vests in full, the Company shall, upon written request
      therefor, send a copy of the Plan, in its then-current form, to
      Holder.

    

    10.  Employment
      or Other Status Rights.
      No
      provision of this Agreement shall (a) confer upon Holder any right to
      continue as an employee of the Company or any of its subsidiaries, (b) affect
      the right of the Company and each of its subsidiaries to terminate the
      employment of Holder, with or without cause, or (c) confer upon Holder any
      right
      to 

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

    participate
      in any employee benefit plan or other program of the Company or any of its
      subsidiaries other than the Plan. Holder hereby acknowledges and agrees that
      the
      Company and each of its subsidiaries may terminate the employment of Holder
      at
      any time and for any reason, or for no reason, unless Holder and the Company
      or
      such subsidiary are parties to a written employment agreement that expressly
      provides otherwise.

    

    11.  Successors
      and Assigns.
      This
      Agreement shall be binding upon and inure to the benefit of the parties hereto
      and their respective heirs, executors, administrators, legal representatives,
      guardians, beneficiaries, successors and assigns.

    

    12.  Notices.
      All
      notices and other communications required or permitted to be given pursuant
      to
      this Agreement shall be in writing and shall be deemed given (i) five days
      after mailing by certified or registered mail, postage prepaid, return receipt
      requested, (ii) the next business day after being sent through an overnight
      delivery service under circumstances in which such service guarantees next
      day
      delivery, or (iii) when actually received if sent by any other method. All
      notices shall be sent to the Company at 1400 Opus Place, Suite 600, Downers
      Grove, Illinois 60515, attention General Counsel, and to Holder at the address
      set forth beneath his or her signature on the signature page hereof, or at
      such
      other addresses as they may designate by written notice in the manner
      aforesaid.

    

    13.  Governing
      Law; Entire Agreement.
      This
      Agreement shall be governed by and shall be construed in accordance with the
      laws of the State of Delaware, without reference to the principles of conflict
      of laws thereof. This Agreement contains the entire agreement between Holder
      and
      the Company with respect to the subject matter contained herein, and supersedes
      all prior agreements or prior understandings, whether oral or written, between
      such parties relating to such subject matter.

    

    14.  Severability.
      The
      invalidity or unenforceability of any provision of this Agreement in any
      jurisdiction shall not affect the validity, legality, or enforceability of
      the
      remainder of this Agreement in such jurisdiction or the validity, legality,
      or
      enforceability of any provision of this Agreement in any other jurisdiction,
      it
      being intended that all rights and obligations of the parties hereunder shall
      be
      enforceable to the fullest extent permitted by law.

    

    IN
      WITNESS WHEREOF, the Company and Holder have duly executed this Agreement in
      one
      or more counterparts, each of which shall be deemed an original, as of the
      Date
      of Award.

    
      	 	 	 
	 	AFTERMARKET
              TECHNOLOGY CORP.
	 
 	 
 	 
 
	 	By:  	 
	 	
              
                

              

            
	
               

            	
              Donald
                T. Johnson,
                Jr.

              Chairman,
                President and Chief Executive
                Officer

            

    

     

    
      	
               

               

            
	
              [name
                of Holder]

            
	
               

               

            
	
              [signature]

            
	 
	
              [street
                address]

            
	 
	
              [city,
                state and ZIP code]

            

    

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    ATTACHMENT
      A

    

    Definitions

    

    “Cause”
means
      the occurrence or existence of any of the following with respect to Holder,
      as
      determined by the Company in its sole discretion:

    

    (a)  a
      material breach by Holder of (x) his or her duty not to engage in any
      transaction that represents, directly or indirectly, self-dealing with the
      Company or any of its affiliates that has not been approved by the Company,
      or
      (y) the terms of his or her employment, if in any such case such material
      breach remains uncured after the lapse of 30 days following the date that the
      Company has given Holder written notice thereof; 

    

    (b)  the
      material breach by Holder of any duty referred to in clause (A) above as to
      which at least one written notice has been given pursuant to clause (A);

    

    (c)  any
      act
      of dishonesty, misappropriation, embezzlement, intentional fraud or similar
      conduct involving the Company or any of its affiliates; 

    

    (d)  the
      conviction or the plea of nolo contendere or the equivalent in respect of a
      felony involving moral turpitude; 

    

    (e)  any
      intentional damage of a material nature to any property of the Company or any
      of
      its affiliates; 

    

    (f)  the
      repeated non-prescription use of any controlled substance or the repeated use
      of
      alcohol or any other non-controlled substance that, in the reasonable
      determination of the Company renders Holder unfit to serve in his or her
      capacity as an employee of the Company or its affiliates; or 

    

    (g)  failure
      to perform his or her duties in a reasonably satisfactory manner where such
      failure has continued for 30 days following notice thereof; provided,
      however,
      that
      this subpart (g) shall cease to be of effect upon a Change of Control.

    

    “Change
      of Control”
means
      the first to occur of the following events:

    

    (a)  any
      sale
      or transfer or other conveyance, whether director or indirect, of all or
      substantially all of the assets of the Company, on a consolidated basis, in
      one
      transaction or a series of related transactions, unless, immediately after
      giving effect to such transaction, at least 85% of the total voting power
      normally entitled to vote in the election of directors, managers or trustees,
      as
      applicable, of the transferee is “beneficially owned” by persons who,
      immediately prior to the transaction, beneficially owned 100% of the total
      voting power normally entitled to vote in the election of directors of the
      Company; 

    

    (b)  any
      Person or Group (as defined below) is or becomes the "beneficial owner,"
      directly or indirectly, of more than 35% of the total voting power in the
      aggregate of all classes of Capital Stock of the Company then outstanding
      normally entitled to vote in elections of directors; 

    

    (c)  during
      any period of 12 consecutive months, individuals who at the beginning of such
      12-month period constituted the Board (together with any new directors whose
      election by the Board or whose nomination for election by the shareholders
      of
      the Company was approved by a vote of a majority of the directors then still
      in
      office who were either directors at the beginning of such period or whose
      election or nomination for election was previously so approved) cease for any
      reason to constitute a majority of the Board then in office; or 

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    (d)  a
      reorganization, merger or consolidation of the Company the consummation of
      which
      results in the outstanding securities of the same class as the Restricted Stock
      being exchanged for or converted into cash, property and/or a different kind
      of
      securities, unless, immediately after giving effect to such transaction, at
      least 85% of the total voting power normally entitled to vote in the election
      of
      directors, managers or trustees, as applicable, of the entity surviving or
      resulting from such reorganization, merger or consolidation is “beneficially
      owned” by persons who, immediately prior to the transaction, beneficially owned
      100% of the total voting power normally entitled to vote in the election of
      directors of the Company.

    

    "Permanent
      Disability"
      means
      the inability to engage in any substantial gainful activity by reason of any
      medically determinable physical or mental impairment that can be expected to
      result in death or that has lasted or can be expected to last for a continuous
      period of not less than 12 months. Holder shall not be deemed to have a
      Permanent Disability until proof of the existence thereof shall have been
      furnished to the Board in such form and manner, and at such times, as the Board
      may require. Any determination by the Board that Holder does or does not have
      a
      Permanent Disability shall be final and binding upon the Company and
      Holder.

    

    “Person”
      and “Group”
have
      the meanings used for purposes of Sections 13(d) and 14(d) of the Securities
      Exchange Act of 1934, whether or not such sections apply to the transaction
      in
      question. 

    

    

    
      
        
        

      

      
        6

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