Document:

Exhibit
10.10

 

	
   

  	
  Bally Technologies, Inc.

  
	
   

  	
   

  
	
  Notice of Grant of
  Stock Options and Option Agreement

  	
  6601
  S. Bermuda Road

  
	
   

  	
  Las
  Vegas, NV 89119

  
	
   

  	
  (702)
  584-7498

  

 

	
  FIRST NAME

  	
  MIDDLE NAME

  	
  Grant Number:

  
	
  LAST NAME

  	
   

  	
  Plan:

  
	
  ADDRESS LINE 1

  	
   

  	
  ID:

  
	
  ADDRESS LINE 2

  	
   

  	
   

  
	
  CITY            ,
  STATE

  	
  COUNTRY

  	
   

  
	
  ZIPCODE

  	
   

  	
   

  

 

You
have been granted a Non-Qualified Stock Option (the “Option”) to purchase
shares of Bally Technologies, Inc. (the “Company”) Common Stock subject to
the terms and conditions in this Stock Option Agreement (this “Agreement”) and
the 2010 Long Term Incentive Plan as in effect and as amended from time to time
(the “Plan”), as follows:

 

	
  Grant
  Date:

  
	
   

  
	
  Per
  Share Exercise Price:

  
	
   

  
	
  Total
  Number of Shares:

  
	
   

  
	
  Total
  Exercise Price:

  
	
   

  
	
  Option
  Type:

  
	
   

  
	
  Expiration
  Date of Option:

  

 

Vesting
Schedule: Subject to the relevant provisions of the Plan, the Option shall vest
and may be exercised in whole or in part, in accordance with the following:

 

	
  Shares

  	
   

  	
  Vest Date

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  

 

The
Option and this Agreement are subject in all respects to the terms and
provisions of the Plan, all of which are by this reference made a part of and
incorporated in this Agreement. Any capitalized term not defined in this
Agreement shall have the meaning ascribed to it in the Plan. If and to the
extent this Agreement and the Plan conflict, the Plan shall control.

 

The
Option is not intended to qualify as an incentive stock option within the
meaning of Section 422 of the Internal Revenue Code.

 

The
Option may not be exercised for a fractional share of common stock.

 

To exercise the Option, you must do so in such a
manner and form as the Company may require. 
In addition, you must exercise the Option through the Company’s
dedicated broker, E*TRADE.  Before the
issuance of

 

 

any shares, payment must be made in the manner set
forth in the Plan, of (i) the aggregate purchase price for the shares to
be acquired, and (ii) unless the Plan administrator determines otherwise,
the amount of any taxes (including, but not limited to, any income, FICA, FUTA,
and similar taxes) required to be withheld and paid by the Company or its
subsidiary in connection with the exercise of the Option, as determined by the
Plan Administrator.

 

Unless
terminated earlier in accordance with this Agreement, the Option shall terminate
as and to the extent provided in the Plan, and, in any event, the Option shall
expire seven years after the Grant Date specified above and thereafter shall no
longer be exercisable.

 

You
will not be deemed to be the holder of, or to have any of the rights of a
holder with respect to, any shares subject to the Option unless and until the
Option (or portion thereof) has been exercised pursuant to this Agreement, the
Company has issued and delivered to you the shares as to which you have
exercised the Option, and your name has been entered as a stockholder of record
on the books of the Company.  Thereupon,
you shall have full voting, dividend and other ownership rights with respect to
such shares.

 

Neither
you nor your beneficiaries may sell, exchange, transfer, assign, or otherwise
dispose of the Option or any rights or interests therein, other than by
testamentary disposition by you or the laws of descent and distribution.
Neither you nor your beneficiaries may pledge, encumber, or otherwise hypothecate
the Option or any rights or interests therein in any way at any time. The
Option shall not be subject to execution, attachment, or similar legal process.
Any attempted sale, pledge, or other disposition of the Option in violation of
this paragraph shall be void and of no force or effect.

 

This
Agreement contains the entire agreement between the parties and supersedes
other oral and written agreements previously entered into by the parties
concerning the same subject matter. This Agreement may be modified or rescinded
only with the written consent of both parties.

 

Nevada
law shall govern this Agreement and its interpretation. The issuance of the
Option (and the shares subject to the Option) pursuant to this Agreement shall
be subject to, and shall comply with, any applicable requirements of any
federal and state securities laws, rules, and regulations (including but not
limited to the Securities Act, the Exchange Act, and the respective rules and
regulations promulgated thereunder) and any other applicable law or regulation.

 

This
Agreement shall bind and inure to the benefit of the Company and its successors
and assigns.

 

You
acknowledge and agree that by clicking the “ACCEPT” button on the E*TRADE
on-line grant agreement response page, it will act as your electronic signature
to this agreement and will result in a contract between you and the Company.

 

By
returning your response to the Company as indicated in the instructions, you
are acknowledging that you have received, and understand and agree to the terms
of, this Agreement and the Plan (including any exhibits to each document).  You further acknowledge that by returning
your response to the Company as indicated in the instructions, you accept the
Option as set forth in this Agreement and the Plan (including any exhibits to
each document).

 

By
returning your response to the Company as indicated in the instructions, you
are also acknowledging that, unless you specifically request (or have in the
past specifically requested) to receive communications regarding the Plan and
the Option in paper form, you agree to receive all communications regarding the
Plan and the Option (including but not limited to the prospectus) by electronic
delivery through access on the Company’s internal website or Internet website, which
you agree that you may easily access and understand how to access, review and
print the communications posted thereon. 
In addition, by returning your response to the Company as indicated in
the instructions hereto, you agree it is your responsibility to notify the
Company of any changes to your mailing address so that you may receive any
shareholder information to be delivered by regular mail.

 

 

	
   

  	
  Bally
  Technologies, Inc.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:Exhibit
10.11

 

	
   

  	
  Bally Technologies, Inc.

  
	
   

  	
   

  
	
  Notice of Grant of
  Award and Award Agreement

  	
  6601 S. Bermuda Road

  
	
   

  	
  Las Vegas, NV 89116

  
	
   

  	
  (702) 584-7498 

  

 

	
  FIRST NAME

  	
  MIDDLE NAME

  	
  Grant Number:

  	
   

  
	
  LAST NAME

  	
   

  	
  Plan:

  	
   

  
	
  ADDRESS LINE 1

  	
   

  	
  ID:

  	
   

  
	
  ADDRESS LINE 2

  	
   

  	
   

  	
   

  
	
  CITY          ,
  STATE

  	
  COUNTRY

  	
   

  	
   

  
	
  ZIPCODE

  	
   

  	
   

  	
   

  

 

You
have been granted an award (the “Award”) of restricted stock (the “Restricted
Stock”) of Bally Technologies, Inc., (the “Company”) subject to the terms
and conditions in this Award Agreement (this “Agreement”) and the 2010 Long
Term Incentive Plan as in effect and as amended from time to time (the “Plan”),
as follows:

 

	
  Grant
  Date:

  	
   

  
	
   

  	
   

  
	
  Number
  of Shares:

  	
   

  

 

Vesting
Schedule: Subject to the relevant provisions of the Plan, the Award shall vest
in accordance with the following:

 

	
  Shares

  	
   

  	
  Vest Date

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  

 

The Award and this Agreement
are subject in all respects to the terms and provisions of the Plan, all of
which are by this reference made a part of and incorporated in this Agreement.
Any capitalized term not defined in this Agreement shall have the meaning
ascribed to it in the Plan.  If and to
the extent this Agreement and the Plan conflict, the Plan shall control.

 

Shares of the Restricted
Stock that have not yet vested and thus remain subject to forfeiture are
referred herein to as “Unvested Shares.”

 

Until vested, each Unvested
Share (whether or not certificated) will bear a legend to the effect that such
share is subject to potential forfeiture and may not be sold, exchanged,
transferred, pledged, hypothecated or otherwise disposed of except in
accordance with the terms of this Agreement.

 

Upon retirement, death or
other termination of your employment with the Company, Unvested Shares shall be
forfeited as and to the extent provided in the Plan.

 

The Company has the right to
deduct or otherwise effect a withholding of the amount of any taxes (including,
but not limited to, any income, FICA, FUTA, and similar taxes) required by
federal, state, local or foreign laws to be withheld or otherwise deducted and
paid with respect to the grant or vesting of the Restricted Stock; or, in lieu
of such withholding, to require that you pay to the Company in cash (or, at the
sole discretion of the Board or the Committee, in the form of shares of Stock)
the amount of any taxes required to be withheld or otherwise deducted and paid
by the Company or a subsidiary in connection with the grant or vesting the
Restricted Stock. Unless the tax withholding obligations of the Company or any
affiliate are satisfied, the Company will have no obligation to deliver to you
any of the shares of Restricted Stock (whether vested or unvested).

 

 

As of the Grant Date you are
deemed to be the registered owner of all of the shares of Restricted Stock
subject to the Award (including Unvested Shares), notwithstanding that such
shares may be subject to restrictions and possible forfeiture. Unless and until
all or a portion of the Unvested Shares are forfeited in accordance with the
terms of the Plan and/or this Agreement, you will have full voting rights with
respect to such shares as well as the right to receive any and all
distributions thereon.

 

Neither you nor your
beneficiaries may sell, exchange, transfer, assign, or otherwise dispose of any
Unvested Shares or any rights or interests therein. You may not pledge,
encumber, or otherwise hypothecate the Unvested Shares or any rights or
interests therein in any way at any time. 
The Unvested Shares shall not be subject to execution, attachment, or
similar legal process. Any attempted sale, pledge, or other disposition of the
Unvested Shares in violation of this paragraph shall be void and of no force or
effect.

 

This Agreement contains the
entire agreement between the parties and supersedes other oral and written
agreements previously entered into by the parties concerning the same subject
matter. This Agreement may be modified or rescinded only with the written
consent of both parties.

 

Nevada law shall govern this
Agreement and its interpretation.  The
issuance of the Restricted Stock pursuant to this Agreement shall be subject
to, and shall comply with, any applicable requirements of any federal and state
securities laws, rules, and regulations (including but not limited to the
Securities Act, the Exchange Act, and the respective rules and regulations
promulgated thereunder) and any other applicable law or regulation.

 

This Agreement shall bind
and inure to the benefit of the Company and its successors and assigns.

 

You
acknowledge and agree that by clicking the “ACCEPT” button on the E*TRADE on-line
grant agreement response page, it will act as your electronic signature to this
agreement and will result in a contract between you and the Company

 

By returning your response
to the Company as indicated in the instructions, you are acknowledging that you
have received, and understand and agree to the terms of, this Agreement and the
Plan (including any exhibits to each document). 
You further acknowledge that by returning your response to the Company
as indicated in the instructions, you accept the Award as set forth in this
Agreement and the Plan (including any exhibits to each document).

 

By returning your response
to the Company as indicated in the instructions, you are also acknowledging
that, unless you specifically request (or have in the past specifically
requested) to receive communications regarding the Plan and the Award in paper
form, you agree to receive all communications regarding the Plan and the Award
(including but not limited to the prospectus) by electronic delivery through
access on the Company’s internal website or Internet website, which you agree
that you may easily access and understand how to access, review and print the
communications posted thereon.  In
addition, by returning your response to the Company as indicated in the instructions
hereto, you agree it is your responsibility to notify the Company of any
changes to your mailing address so that you may receive any shareholder
information to be delivered by regular mail.

 

	
   

  	
  Bally
  Technologies, Inc.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

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