Document:

EXHIBIT 10.33

	
Elizabeth Arden, Inc.

2400 S.W. 145th Avenue

Miramar, Florida 33027

	
	

	
	

	
Re: [_______________] Award of Service-Based Restricted Stock Units

	
	

	
Dear Director Name::

	
	

	
         Elizabeth Arden, Inc. (the "Company") is pleased to make the following award to you as described below:

	
	

	 	
1.
	
Pursuant to the provisions of the Elizabeth Arden, Inc. 2014 Non-Employee Director Stock Award Plan, as the same may be amended, modified and supplemented (the "Plan"), the Company hereby grants to you as of [________] (the "Award Date"), subject to the terms and conditions of the Plan and those terms and conditions set forth herein, an award of [_______] restricted stock units (the "RSUs").  Each RSU awarded to you hereunder represents the right to receive one share of the Company's common stock, par value $.01 per share (each a "Share"), upon the vesting thereof and subject to the terms and conditions set forth in this agreement (the "Agreement").

	
	
	

	 	
2.
	
RSU Account.  RSUs granted to you shall be credited to a notional account (the "Account") established and maintained for you by the Company.  Your Account shall be the record of RSUs granted to you hereunder, is solely for accounting purposes and shall not require a segregation of any Company assets.

	
	
	

	 	
3.
	
Vesting Terms and Conditions.  It is understood and agreed that the award evidenced by this agreement (the "Agreement") is subject to the following terms and conditions:

	
	
	

	 	 	
(a)
	
Subject to the provisions of the Plan, the RSUs granted to you hereby will vest and become payable on [________] if you have continued to serve as a Director until that date.

	
	
	
	

	 	 	
(b)
	
Subject to Section 3(c) hereof,

	
	
	
	

	 	 	 	
(i)
	
if your directorship terminates for any reason other than death, permanent and total disability (as defined in Section 22(e)(3) of the Code) or retirement from Board service in good standing after age 70, all RSUs which have not vested as provided for in Section 3(a) will be forfeited, and all your rights, or the rights of your heirs in and to such RSUs, and any Shares underlying such RSUs will terminate, unless the Committee determines otherwise in its sole and absolute discretion;

	
	
	
	
	

	 	 	 	
(ii)
	
upon your death or permanent and total disability (as defined in Section 22(e)(3) of the Code) prior to age 70, the RSUs will vest with respect to a number of RSUs equal to the product of (x) a fraction, the numerator of which is the number of completed months elapsed from [________] to the date of death or total disability, as the case may be, and the denominator of which is thirty six (36) and (y) the aggregate number of RSUs granted hereby. As to any RSUs then remaining, all such RSUs shall be forfeited to the Company; and

	
	
	
	
	

	 	 	 	
(iii)
	
if your directorship terminates by reason of your death, permanent and total disability or retirement from Board service in good standing after age 70, the RSUs shall immediately vest in full.

	
	
	
	

	 	 	
(c)
	
Notwithstanding the foregoing provisions of this Section 3, if there is a Change in Control (as defined in the Plan) of the Company, all RSUs shall vest in accordance with the provisions of the Plan.

	
	
	
	

	 	 	
(d)
	
Subject to the provisions of Sections 4 and 5 hereof, upon the vesting of RSUs in accordance with the terms and conditions of this Agreement, you shall become entitled to receive a stock certificate evidencing the number of Shares corresponding to the number of RSUs that have vested, or to have such corresponding number of Shares delivered electronically to your broker.  Payment of Shares issuable upon the vesting of any RSUs shall be made as soon as practicable after the RSUs have vested, but in no event later than March 15th of the calendar year after the year in which the RSUs vest.

	
	
	
	

- 1 -

	 	
4.
	
No Rights of Stock Ownership.  This award of RSUs does not entitle you to any interest in or to any voting or other rights normally attributable to Share ownership.

	
	
	
	

	 	
5.
	
Compliance with Securities Laws and Listing Requirements.  The issuance or delivery of any Shares upon the vesting of RSUs granted hereunder may be postponed by the Committee for such period as may be required to comply with any applicable requirements under the federal or state securities laws, any applicable listing requirements of any applicable national securities exchange, and any applicable requirements under any other law, rule or regulation applicable to the issuance or delivery of such Shares, and the Company shall not be obligated to deliver any such Shares to you if delivery thereof would constitute a violation of any provision of any law or of any regulation of any applicable governmental authority or any applicable national securities exchange.

	
	
	
	

	 	
6.
	
Administration by Committee.  The Plan and this Agreement will be construed by and administered under the supervision of the Committee, and all determinations of the Committee will be final and binding on you.

	
	
	
	

	 	
7.
	
No Restriction on Rights of Company.  Nothing in the Plan or this Agreement will restrict or limit in any way the right of the Board of Directors of the Company to issue or sell stock of the Company (or securities convertible into stock of the Company) on such terms and conditions as it deems to be in the best interests of the Company, including, without limitation, stock and securities issued or sold in connection with mergers and acquisitions, stock issued or sold in connection with any stock option or similar plan, and stock issued or contributed to any qualified stock bonus or employee stock ownership plan.

	
	
	
	

	 	
8.
	
Power of Attorney.  You hereby irrevocably appoint the Company and each of its officers, employees and agents as your true and lawful attorneys with power to take such other action as the Committee deems necessary or desirable to effectuate the terms of this Agreement.  This power, being coupled with an interest, is irrevocable.  You agree to execute such other documents as may be reasonably requested from time to time by the Committee to effectuate the terms of this Agreement.

	
	
	
	

	 	
9.
	
Discretionary Nature and Acceptance of Award.

	
	
	
	

	 	 	
(a)
	
The Plan is established voluntarily by the Company, it is discretionary in nature, and it may be modified, amended, suspended or terminated by the Committee at any time, unless otherwise provided in the Plan and this Agreement.

	
	
	
	

	 	 	
(b)
	
The award of RSUs is voluntary and occasional, and does not create any contractual or other right to receive future awards of RSUs, or benefits in lieu of RSUs, even if RSUs have been awarded repeatedly in the past.

	
	
	
	

	 	 	
(c)
	
All decisions with respect to future awards, if any, will be at the sole discretion of the Committee.

	
	
	
	

	 	 	
(d)
	
Your participation in the Plan is voluntary.

	
	
	
	

	 	 	
(e)
	
The future value of the underlying Shares is unknown and cannot be predicted with certainty.

	
	
	
	

	 	 	
(f)
	
The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding your participation in the Plan or your acquisition or sale of the underlying Shares.

	
	
	
	

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10.
	
Entire Agreement; Governing Law; Conflicts.  This Agreement, which constitutes the entire agreement of the parties with respect to the RSUs, is subject to all of the terms and conditions of the Plan (a copy of which is available upon your request), and shall be governed by, and construed and enforced in accordance with, the laws of the State of Florida without regard to principles of conflicts of law.  For purposes of litigating any dispute that arises under or with respect to this Agreement, the parties hereby submit to and consent to the jurisdiction of the State of Florida, and agree that any such litigation will be conducted in courts of Miami-Dade County, Florida or the federal courts for the Southern District of Florida.   In the event of any conflict between this Agreement, the Plan or the Award Notification, the Plan shall control. In the event of any ambiguity in this Agreement, or any matters as to which this Agreement is silent, the Plan shall govern including, without limitation, the provisions thereof pursuant to which the Committee has the power, among others, to (i) interpret the Plan, (ii) prescribe, amend and rescind rules and regulations relating to the Plan, and (iii) make all other determinations deemed necessary or advisable for the administration of the Plan.

	
	
	
	

	 	
11.
	
Nonassignability.  This Agreement, and the award made pursuant hereto, may not be assigned, pledged, or transferred, except, if you die, to a designated beneficiary or by will or by the laws of descent and distribution.  The foregoing restrictions do not apply to transfers under a court order, including, but not limited to, any domestic relations order.

	
	
	
	

	 	
12.
	
Failure to Enforce Not a Waiver.  The Company's failure to enforce at any time any provision of this Agreement does not constitute a waiver of that provision or of any other provision of this Agreement.

	
	
	
	

	 	
13.
	
Partial Invalidity.  The invalidity or illegality of any provision of this Agreement will be deemed not to affect the validity of any other provision.

	
	
	
	

	 	
14.
	
Section 409A Compliance.  This Agreement is intended to comply with section 409A of the Internal Revenue Code of 1986, as amended (the "Code"), and any regulations, rulings, or guidance provided thereunder.  The Company reserves the unilateral right to amend this Agreement upon written notice to you to prevent taxation under Code section 409A.

	
	
	
	

- 3 -Exhibit

EXHIBIT 10.57

RESTRICTED STOCK UNIT AGREEMENT 
UNDER
JACK HENRY & ASSOCIATES, INC. 2015 EQUITY INCENTIVE PLAN
(Non-Employee Directors)

THIS AGREEMENT is made as of the __ day of _________, ____, and is between Jack Henry & Associates, Inc., a Delaware corporation (hereinafter called the “Company”), and _______________ (hereinafter called “Awardee”).
WHEREAS, the Board of Directors of the Company ("Board") and the stockholders of the Company have adopted the Jack Henry & Associates, Inc. 2015 Equity Incentive Plan (“Plan”) pursuant to which restricted stock units may be granted to directors of the Company; and 
WHEREAS, the Company desires to make a restricted stock unit award to Awardee pertaining to ____________________(____) shares of the Company’s Common Stock (“Award”) under the terms hereinafter set forth;
NOW, THEREFORE, in consideration of the premises and of the mutual agreements hereinafter set forth, the parties to this Agreement agree as follows:
1.    Award Subject to Plan.  This Award is made under and is expressly subject to all the terms and provisions of the Plan, a copy of which Awardee acknowledges has been given to Awardee, and which terms are incorporated herein by reference.  Awardee agrees to be bound by all the terms and provisions of the Plan.  Terms not defined herein shall have the meaning ascribed thereto in the Plan.
2.    Grant of Award.  Pursuant to the action of the Board, which action was taken to be effective on ____________, ____ (“Date of Award”), the Company awards to Awardee ____________________(_____) Restricted Stock Units (which directly relate to that same number of shares of Common Stock).  Subject to the other terms and conditions of the Plan and this Agreement, settlement of each RSU as provided in Section 4 entitles Awardee to the issuance of one share of Common Stock, or, if permitted under the Plan and where the Board elects to settle an RSU for cash, a cash payment equal to the fair market value of the share underlying the RSU the Board elects to settle for cash.   
3.    Restrictions.  Except as may be permitted under the Plan or by the Board, the RSUs are not transferable by sale, assignment, disposition, gift, exchange, pledge, hypothecation, or otherwise.  Any attempted disposition of the RSUs, or the levy of any execution, attachment or similar process upon the RSUs prior to settlement, shall be null and void and without effect.  Holding RSUs does not give Awardee the rights of a shareholder (including without limitation the right to vote or receive dividends or other distributions) with respect to shares of Common Stock underlying the RSUs that the Company may issue under the terms and conditions of this Agreement. 

EXHIBIT 10.57

4.    Settlement, Forfeiture and Share Issuance. 

(a)    Settlement Date.  For purposes of this Agreement the Awardee’s “Settlement Date” shall be the earlier of (1) the day before the Company’s ____ Annual Meeting of the Stockholders or (2)____________, ____.  During the period ending on the Settlement Date, the RSUs will be subject to the risk of forfeiture and will be nontransferable by the Awardee.  If the Awardee’s directorship is terminated before the Vesting Date, except as provided below at (c), the Awardee shall forfeit all the RSUs. 
(b)    Form of Settlement.    To the extent permissible under the Plan, the Committee, in its sole discretion, may elect to settle an RSU by issuing shares of Common Stock or by making a cash payment to Awardee in an amount equal to the then fair market value of the share of Common Stock underlying the RSU being settled, less any amounts necessary to satisfy the Company's tax withholding obligations. 
(c)      Other Settlement.  
(i)    Effect of Change in Control on Settlement.   Upon a Change in Control of the Company, all RSUs shall be settled.  In such event, settlement of the RSUs shall occur at the time of the Change in Control.

(ii)    Effect of Death, Incapacity and Retirement on Settlement.  Upon Awardee's death or termination of directorship due to Incapacity or “Retirement”, no forfeiture or accelerated settlement of the RSUs shall occur.  Rather, on the Settlement Date, a pro rata portion of the RSUs subject to this Agreement shall be settled based on the portion of the year that elapsed from the Date of Award prior to Awardee's termination of directorship.   For purposes of this Agreement, a "Retirement" means an Awardee's termination of directorship for the express reason of retirement, as determined by the Board or Committee in its sole discretion.

d.     Forfeiture.  Subject to the other provisions of this Section 4, all non-settled RSUs shall be forfeited if Awardee ceases to be a director of the Company prior to the Settlement Date. Upon any such forfeiture, under no circumstances will the Company be obligated to make any payment to Awardee, and no shares of Common Stock shall be issued, as a result of such forfeited RSUs.   
e.    Share Issuance.  Except as otherwise provided herein, upon the settlement of a specific number of RSUs for shares of Common Stock as provided in this Section, the Company shall issue a corresponding number of shares of Common Stock to Awardee on the Settlement Date or change in 

EXHIBIT 10.57

Control, provided that tax withholding obligations have been satisfied as provided in Section 5.  The Company’s transfer agent may issue shares of Common Stock in certificated or book entry form as determined by the Company’s Corporate Secretary.  Upon issuance of the Shares, Awardee shall have all rights of a shareholder with respect thereto including the right to vote and receive all dividends or other distributions made or paid with respect to the shares of Common Stock.  
f.    Payments to Third Party.  On the Settlement Date following the death of Awardee, the shares of Common Stock, to the extent eligible to be issued, shall be issued to Awardee’s beneficiary named in a written beneficiary designation filed with the Company’s Corporate Secretary on a form for the Plan or, if there is no such designated beneficiary, to Awardee’s executor or administrator or other personal representative acceptable to the Corporate Secretary.  Any request to pay any person or persons other than Awardee shall be accompanied by such documentation as the Company may reasonably require, including without limitation, evidence satisfactory to the Company of the authority of such person or persons to receive the payment. 
5.    Tax Withholding.  Awardee understands and agrees that, at the time any tax withholding obligation arises in connection with the issuance of a share of Common Stock or, if permitted under the Plan, a cash payment, the Company may withhold, in shares of Common Stock if a valid election applies under this Section 5 or in cash from amounts the Company owes or will owe Awardee, any applicable minimum withholding, payroll and other required tax amounts due upon the issuance of shares of Common Stock or cash payment.  Tax withholding may be made by any means permitted under the Plan, as approved by the Committee, and as permitted under the law.  The valuation of the RSUs, and any shares of Common Stock that the Company may issue attributable to RSUs, for tax and other purposes shall be determined in accordance with all applicable laws and regulations.  In the absence of the satisfaction of tax obligations, the Company may refuse to issue shares of Common Stock or make any other payment hereunder.    
6.    Dividends and Voting.  Prior to an RSU settlement date, Awardee shall have no right to receive any dividends or dividend equivalent payments with respect to the RSUs.  Awardee will have no voting rights with respect to any of the RSUs or the shares of Common Stock underlying the RSUs.
7.    Administration.  This Award has been made pursuant to a determination made by the Board, or a committee authorized by the Board, subject to the express terms of this Agreement, and the Board or such committee shall have plenary authority to interpret any provision of this Agreement and to make any determinations necessary or advisable for the administration of this Agreement and may waive or amend any provisions hereof in any manner not adversely affecting the rights granted to Awardee by the express terms hereof.

EXHIBIT 10.57

8.      Choice of Law.  This Agreement shall be governed by the laws of the State of Delaware, excluding any conflicts or choice of law rule or principle that might otherwise refer construction or interpretation of the Agreement to the substantive law of another jurisdiction.  Awardee is deemed to submit to the exclusive jurisdiction and venue of the federal or state courts of Missouri to resolve any and all issues that may arise out of or relate to this agreement.
The Company has caused this Agreement to be executed on its behalf, and Awardee has signed this Agreement to evidence Awardee’s acceptance of the terms hereof, all as of the date first above written.
JACK HENRY & ASSOCIATES, INC.

By:                                                              

Title: CFO

AWARDEE

                                                          

Name: _____________________

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