Document:

exv10w1

Exhibit 10.1

TD AMERITRADE HOLDING CORPORATION

RESTRICTED STOCK UNIT AGREEMENT

     TD AMERITRADE Holding Corporation (the “Company”) hereby grants you, [______________] (the
“Grantee”), the number of Restricted Stock Units indicated below under the Company’s 1996 Long-Term
Incentive Plan (the “Plan”). Unless otherwise defined herein, the terms defined in the Plan shall
have the same defined meanings in this Restricted Stock Unit Agreement (the “Agreement”) and each
Appendix. Subject to the provisions of Appendix A and B (attached) and of the Plan, the principal
terms of this grant are as follows:

	 	 	 

	Grant Date:

	 	[Date]
	 
	 	 
	Total Number of
Restricted Stock Units:

	 	[Number]
	 

	 	This reflects the total number of Restricted Stock
Units granted to you on the Grant Date, and shall be
increased as of any date by the cumulative number of
additional whole and/or fractional Restricted Stock
Units, if any, credited by this Agreement through such
date in payment of Dividend Equivalent Rights as
described in paragraph 30 of Appendix A (attached) to
this Agreement. *
	 
	 	 
	Scheduled Vesting:

	 	The Restricted Stock Units will vest in accordance with the schedule set
forth in Appendix A and B (attached) and provisions of the Plan and this Agreement.
	 
	 	 
	Settlement Date:

	 	One Share will be issued for each Restricted Stock Unit that has vested on
the Vesting Date specified in Appendix A and B (or on a date as soon as practicable,
and no more than ten business days, thereafter).
	 
	 	 
	Acceptance:

	 	You must accept this grant of Restricted Stock Units prior to the Acceptance
Deadline, which is sixty (60) days from the Grant Date.

 

			
	*	 	Except as otherwise provided in this Agreement, or by the terms of the Plan, you will not
vest in the Restricted Stock Units unless you remain employed by the Company or one of its Related
Entities through the applicable Vesting Date.

 

     Your signature below indicates your agreement and understanding that this grant is subject to
all of the terms and conditions contained in the Plan and this Agreement, including Appendix A and
Appendix B. Important additional information on vesting, forfeiture and the actual issuance of the
Shares in settlement of the Restricted Stock Units covered by this grant are contained in
paragraphs 4 through 15 of Appendix A. PLEASE BE SURE TO READ ALL OF APPENDIX A AND APPENDIX B,
WHICH CONTAIN THE SPECIFIC TERMS AND CONDITIONS OF THIS AGREEMENT.

     THIS AGREEMENT MUST BE ACCEPTABLE BY YOU BY THE ACCEPTANCE DEADLINE, OR THIS GRANT OF
RESTRICTED STOCK UNITS WILL AUTOMATICALLY BE CANCELED.

TD AMERITRADE HOLDING CORPORATION

	 	 	 	 	 
	 	 	 
	By:  	 	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	ACCEPTED BY THE GRANTEE

 	 	 
	
 	 	 
	Print Name 	 	 
	 	 	 
	
 	 	 
	Signature 	 	 
	 	 	 
	
 	 	 
	Acceptance Date (must be within sixty (60) days of the Grant Date) 	 	 
	 	 	 

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APPENDIX A

TERMS AND CONDITIONS OF RESTRICTED STOCK UNITS

     1. Grant. The Company hereby grants to the Grantee under the Plan at the per share
price of $.01, equal to the par value of a Share, the number of Restricted Stock Units indicated in
the Notice of Grant, subject to all of the terms and conditions in the Agreement, Appendix A and B
and the Plan.

     2. No Payment of Purchase Price Necessary. When the Restricted Stock Units are
settled through the issuance of Shares to the Grantee, the par value of the underlying Company
Stock will be deemed paid by the Grantee for each Restricted Stock Unit through the past services
rendered by the Grantee, and such deemed payment will be subject to the appropriate tax
withholdings.

     3. Company’s Obligation to Pay. Each Restricted Stock Unit represents a right to
receive, on the Vesting Date, one Share for each vested Restricted Stock Unit. Unless and until
the Restricted Stock Units have vested in the manner set forth in this Agreement and Appendix A and
B, the Grantee will have no right to receive settlement of Shares underlying such Restricted Stock
Units. Prior to the settlement of any vested Restricted Stock Units, such Restricted Stock Units
will represent an unsecured obligation. Payment of any vested Restricted Stock Units will be made
in Shares.

     4. Vesting Schedule. Except as otherwise provided in paragraph 5 of this Appendix A,
the Restricted Stock Units awarded by this Agreement are scheduled to vest in accordance with the
vesting schedule set forth in Appendix B. Restricted Stock Units scheduled to vest on any
applicable date actually will vest only if the Grantee continues to be an Employee through such
date.

     5. Committee Discretion. The Committee, in its discretion, may accelerate the vesting
of the balance, or some lesser portion of the balance, of the Restricted Stock Units at any time,
subject to the terms of the Plan. If so accelerated, such Restricted Stock Units will be
considered as having vested as of the date specified by the Committee.

     6. Issuance of Shares after Vesting. Each Restricted Stock Unit that becomes vested
under this Agreement will be settled by the Company through the issuance of Shares to the Grantee
(or in the event of the Grantee’s death, to his or her estate) as soon as practicable following the
Vesting Date, subject to paragraph 15, and in no event later than the tenth (10th)
business day following the Vesting Date.

     7. Forfeiture Upon Ceasing to be an Employee. Other than as provided in paragraphs 9
through 14, and notwithstanding any contrary provision of this Agreement, Appendix A and Appendix
B, the balance of the Restricted Stock Units that have not vested pursuant to paragraphs 4 or 5 at
the time the Grantee ceases to be an Employee will be forfeited and automatically transferred to
and reacquired by the Company at no cost to the Company. The Grantee shall not be entitled to a
refund of any price paid for the Restricted Stock Units forfeited to the Company pursuant to this
paragraph 7.

 

 

     8. Forfeiture or Repayment in Connection with Certain Events.

          (a) Forfeiture or Repayment. Notwithstanding any contrary provision of this
Agreement, Appendix A, Appendix B or the terms of any written agreement between the Company and the
Grantee (including specifically any written employment, severance or change in control agreement)
if the Committee determines (in its sole discretion, but acting in good faith) that a Clawback
Event has occurred at any time while the Grantee is an Employee and such determination is made no
later than three (3) years following the Grant Date, then: (i) the balance of the Restricted Stock
Units that have not vested as of the date of such event may, in the sole discretion of the
Committee, be forfeited and automatically transferred to and reacquired by the Company at no cost
to the Company; (ii) any Shares previously issued under this Agreement to the Grantee for vested
Restricted Stock Units that have not been sold, transferred or otherwise disposed of by the Grantee
may, in the sole discretion of the Committee, be forfeited and automatically transferred to and
reacquired by the Company at no cost to the Company; and (iii) if the Shares previously issued
under this Agreement to the Grantee for vested Restricted Stock Units have been sold, transferred
or otherwise disposed of by the Grantee, the Gain realized by the Grantee (or that would have been
realized had the Grantee sold the Shares in an arms-length transaction) will be paid by the Grantee
to the Company, if the Committee, in its sole discretion, requires such payment. If, with respect
to subsections (ii) and/or (iii) in the preceding sentence, the Grantee refuses to transfer the
Shares to the Company and/or make a payment to the Company equal to the Gain, the Company will, if
directed by the Committee, in its sole discretion, and subject to applicable law (including any
Code Section 409A considerations), recover the value of such Shares and/or Gain and, if applicable,
the amount of its court costs, attorneys’ fees and other costs and expenses incurred in connection
with enforcing this paragraph 8 by (w) reducing the amount that would otherwise be payable to the
Grantee under any compensatory plan, program or arrangement maintained by the Company or any
Subsidiary, (x) withholding payment of future increases in compensation (including the payment of
any discretionary bonus amount) or grants of compensatory awards that would otherwise have been
made in accordance with the Company’s (or a Subsidiary’s) otherwise applicable compensation
practices, (y) reducing any severance benefits that would otherwise be payable or provided to the
Grantee under any plan, program or arrangement maintained or entered into by the Company or any
Subsidiary (including specifically under any employment or severance agreement) or (z) by any
combination of the foregoing.

          (b) Discretion to Reduce Amount Subject to Forfeiture or Repayment. In the event of a
Clawback Event described in paragraph 8(c)(i)(A) below and the Restricted Stock Units were issued
to the Grantee as payment (in whole or part) for an award earned under the Company’s Management
Incentive Plan (or any other bonus plan of the Company), the Committee may, in its sole discretion,
limit the amount to be forfeited by the Grantee and/or recovered from the Grantee to the amount by
which the award earned under the applicable bonus plan exceeded the amount that would have been
earned had the financial statements been initially filed as restated, as determined by the
Committee in accordance with the terms and conditions of the applicable bonus plan. In the event
the Committee exercises such discretion, if the award earned under the applicable bonus plan was
paid in cash and the Restricted Stock Units, the Committee will have discretion to determine how
the amount to be recovered will be allocated among the portion paid in cash and the portion paid in
Restricted Stock Units. The amount of Restricted Stock Units, if any, subject to forfeiture or
repayment will be covered in the following order: first, unvested Restricted Stock Units that
remain

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outstanding; then, Shares previously issued under this Agreement to the Grantee for vested
Restricted Stock Units that have not been sold, transferred or otherwise disposed of by the
Grantee; and finally, Gain realized (or that would have been realized in an arms-length
transaction) by the Grantee from the sale, transfer or disposition of Shares previously issued
under this Agreement to the Grantee for vested Restricted Stock Units.

          (c) Definitions.

               (i) For purposes of this Agreement, Appendix A and Appendix B, a “Clawback Event” shall mean
one or more of the following: (A) any of the Company’s financial statements are required to be
restated resulting from fraud or willful misconduct by the Grantee or any other person, provided
that the Grantee knew or should have known of such fraud or willful misconduct; or (B) any act of
fraud, negligence or breach of fiduciary duty by the Grantee or any other person, provided that the
Grantee knew or should have known of such fraud, negligence or breach of fiduciary duty, resulting
in material loss, damage or injury to the Company.

               (ii) For purposes of this Agreement, Appendix A and Appendix B, “Gain” shall mean the Fair
Market Value of a Share on the date of sale, transfer or other disposition, multiplied by the
number of Shares sold, transferred or otherwise disposed of.

          (d) Restrictions on Sale of Stock Pending Determination of Clawback Event. If the
Company reasonably believes that a Clawback Event has occurred, the Grantee understands and agrees
that the Company may, in its sole discretion, restrict the Grantee’s ability to directly or
indirectly sell, offer, contract or grant any option to sell (including without limitation any
short sale), pledge, swap, hedge, transfer, or otherwise dispose of any shares of Company common
stock held by the Grantee in his or her Company brokerage account (whether issued in connection
with this Agreement or otherwise) pending a final determination by the Committee that a Clawback
Event has or has not occurred. Such determination shall be made as soon as administratively
practicable but in no event will the Grantee be restricted in accordance with the preceding
sentence for more than that period of time reasonably necessary for the Committee to determine the
existence of a Clawback Event. The Grantee further understands and agrees that that the Company
shall have no responsibility or liability for any fluctuations that occur in the price of the
Company’s common stock or for any potential loss or gain the Grantee could have realized from the
sale of his or her shares of Company common stock during the period of time in which the Grantee is
restricted in accordance with this paragraph 8(d).

          (e) Change of Control. Notwithstanding any contrary provision of this Agreement,
Appendix A or Appendix B, this paragraph 8 will expire and have no further force or effect upon a
Change of Control. Solely with respect to this paragraph 8, a “Change of Control” shall not be
deemed to have occurred if the Company’s outstanding Shares or substantially all of the Company’s
assets are purchased by TD Bank Financial Group.

          (f) No Waiver. Any failure by the Company to assert the forfeiture and repayment
rights under this paragraph with respect to specific claims against the Grantee shall not waive, or
operate to waive, the Company’s right to later assert its rights hereunder with respect to other or
subsequent claims against the Grantee.

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          (g) No Limitation on Remedies. The Company’s forfeiture and repayment rights under
this paragraph shall be in addition to, and not in lieu of, actions the Company may take to remedy
or discipline any misconduct by the Grantee including, but not limited to, termination of
employment or initiation of appropriate legal action.

          (h) Grantee Acknowledgement and Agreement. Without limiting the generality of any
other provision herein regarding the Grantee’s understanding of and agreement to the terms and
conditions of this Agreement, Appendix A and Appendix B, by signing this Agreement, the Grantee
specifically acknowledges that he or she has read and understands this paragraph 8 and agrees to
the terms and conditions of this paragraph, including but not limited to the forfeiture and
repayment provisions of paragraph 8(a).

     9. Death of Grantee. In the event that the Grantee ceases to be an Employee due to
his or her death prior to the Vesting Date, the Restricted Stock Units will vest and be settled by
the Company through the issuance of Shares to the administrator or executor of the Grantee’s
estate, on a date as soon as practicable after the date of the Grantee’s death. The Company may
require any administrator or executor of the Grantee’s estate to furnish (a) written notice of his
or her status as transferee, or (b) evidence satisfactory to the Company to establish the validity
of the transfer and compliance with Applicable Laws pertaining to the transfer of the Shares
underlying the Restricted Stock Units.

     10. Disability of Grantee. In the event that the Grantee ceases to be an Employee due
to his or her Disability prior to the Vesting Date, the Restricted Stock Units will vest and be
settled by the Company through the issuance of Shares to the Grantee on a date as soon as
practicable after the date of the Grantee’s Disability.

     11. Retirement of Grantee. In the event that the Grantee ceases to be an Employee due
to his or her Retirement (as defined below) prior to the Vesting Date, the Restricted Stock Units
will vest and be settled by the Company through the issuance of Shares to the Grantee on a date as
soon as practicable after the date of the Grantee’s Retirement. For the purposes of this
Agreement, “Retirement” shall mean a termination of employment for any reason, other than “Cause”
(as defined below in paragraph 12), after attaining age fifty-five (55) and after having at least
ten (10) years of continuous service with the Company.

     12. Termination of Employment without Cause. In the event that the Grantee’s
employment is terminated by the Company without “Cause” (as defined below) prior to the Vesting
Date, then the actual number of Shares to be issued upon settlement of the Restricted Stock Units,
so long as permissible by the terms of the Plan, will be determined as follows: (A) the total
number of Restricted Stock Units subject to this award shall be pro-rated based on the number of
twelve (12) month periods which have elapsed since the Date of Grant and through the date of the
Grantee’s termination of employment, then such pro-rated number of Restricted Stock Units shall (B)
vest in accordance with, and pursuant to, paragraph 4. For the purposes of this Agreement, “Cause”
shall mean the Grantee’s: (a) failure to substantially perform his or her duties as an Employee,
other than due to illness, injury or Disability; (b) willful engaging in conduct which is
materially injurious to the Company; (c) misconduct involving serious moral turpitude, or any
conviction of, or plea of nolo contendre to, a criminal offense arising out of a breach of trust,
embezzlement or fraud committed

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against the Company by the Grantee in the course of the Grantee’s employment with the Company;
(d) any violation of paragraph 14 of this Appendix A; or (e) any other action which might be
considered “gross misconduct” under the Company’s applicable associate handbook.

     13. Termination of Employment following Change of Control. In the event that the
Grantee’s employment is terminated by the Company for any reason, other than for Cause (as defined
above) within twenty-four (24) months following a Change of Control and prior to the Vesting Date,
the Restricted Stock Units will vest and be settled by the Company through the issuance of Shares
to the Grantee on a date as soon as practicable after the date of the Grantee’s termination of
employment.

     14. Non-solicitation and Non-competition. The receipt of any Shares pursuant to this
award will be subject to the Grantee, for the period of his or her employment with the Company and
for a period the greater of either, twelve months or such period of time set forth in the Grantee’s
associate agreement, after the termination of his or her employment with the Company, not: (i)
directly or indirectly soliciting customers of the Company in an attempt to have such customers
cease their relationship with the Company, (ii) soliciting any employee of the Company for
employment with any employer other than the Company, or (iii) directly or indirectly engaging in,
having any ownership interest in or participating in any entity that as of the date of termination,
competes with the Company in any substantial business of the Company or any business reasonably
expected to become a substantial business of the Company. To the extent the Grantee has violated
any term and condition of this paragraph 14, the Restricted Stock Units prior to settlement shall
be forfeited pursuant to paragraph 7 and if Shares of Company Stock have already been issued to the
Grantee, then the Grantee shall be required to either return the Shares or forfeit any gain
recognized by the Grantee from the sale of such Shares.

     15. Withholding of Taxes. When the Shares are issued in settlement for vested
Restricted Stock Units, the Grantee will recognize immediate U.S. taxable income if the Grantee is
a U.S. taxpayer. If the Grantee is a non-U.S. taxpayer, the Grantee will be subject to applicable
taxes in his or her jurisdiction. The Company (or the employing Related Entity) will withhold a
portion of the Shares otherwise issuable in settlement for vested Restricted Stock Units that have
an aggregate market value sufficient to pay the minimum federal, state and local income, employment
and any other applicable taxes required to be withheld by the Company (or the employing Related
Entity) with respect to the Shares. No fractional Shares will be withheld or issued pursuant to
the grant of Restricted Stock Units and the issuance of Shares thereunder. By accepting this
Award, the Grantee expressly consents to the withholding of Shares as provided for in this
paragraph 15. All income and other taxes and withholding related to the Restricted Stock Unit
award and any Shares delivered in payment thereof are the sole responsibility of the Grantee.

     16. Rights as Stockholder. Except as provided pursuant to the Dividend Equivalent
Rights provided in paragraph 30, neither the Grantee nor any person claiming under or through the
Grantee shall have any of the rights or privileges of a stockholder of the Company in respect of
any Shares deliverable hereunder unless and until certificates representing such Shares (which may
be in book entry form) shall have been issued, recorded on the records of the Company or its
transfer agents or registrars, and delivered to the Grantee (including through electronic delivery
to a brokerage account) after the Vesting Date. After such issuance, recordation and delivery, the

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Grantee will have all the rights of a stockholder of the Company with respect to voting such
Shares and receipt of dividends and distributions on such Shares.

     17. No Effect on Employment or Service. The Grantee acknowledges and agrees that this
Agreement and Appendix A and B and the transactions contemplated hereunder do not constitute an
express or implied promise of continued service or employment as an Employee for any period, or at
all, and shall not interfere with the Grantee’s right or the Company’s (or employing Related
Entity’s) right to terminate the Grantee’s relationship as an Employee at any time, with or without
Cause.

     18. Address for Notices. Any notice to be given to the Company under the terms of
this Agreement shall be addressed to the Company, in care of its General Counsel, at 6940 Columbia
Gateway Drive, Suite 200, Columbia, Maryland 21045, or at such other address as the Company may
hereafter designate in writing.

     19. Grant is Not Transferable. Except to the limited extent provided in paragraph 9
above, this grant and the rights and privileges conferred hereby shall not be transferred,
assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and shall
not be subject to sale under execution, attachment or similar process. Upon any attempt to
transfer, assign, pledge, hypothecate or otherwise dispose of this grant, or of any right or
privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar
process, this grant and the rights and privileges conferred hereby immediately shall become null
and void.

     20. Restrictions on Sale of Stock. The Shares issued as settlement for the payment
for any vested Restricted Stock Units awarded under this Agreement will be registered under the
federal securities laws and will be freely tradable upon receipt. However, the Grantee’s
subsequent sale of the Shares will be subject to paragraph 8(d) above, any market blackout-period
that may be imposed by the Company and must comply with the Company’s insider trading policies, and
any other applicable securities laws. In addition, the Shares issued as settlement for the payment
of any vested Restricted Stock Units awarded under this Agreement will also be subject to any
applicable ownership guidelines and Share ownership holding periods which may be currently in
effect under the Company’s trading policy.

     21. Binding Agreement. Subject to the limitation on the transferability of this grant
contained herein, this Agreement shall be binding upon and inure to the benefit of the heirs,
legatees, legal representatives, successors and assigns of the parties hereto.

     22. Conditions for Issuance of Certificates for Stock. The Shares deliverable to the
Grantee may be either previously authorized but unissued Shares or issued Shares which have been
reacquired by the Company. The Company shall not be required to issue any certificate or
certificates for Shares hereunder prior to fulfillment of all the following conditions: (a) the
admission of such Shares to listing on all stock exchanges on which such class of stock is then
listed; and (b) the completion of any registration or other qualification of such Shares under any
state or federal law or under the rulings or regulations of the Securities and Exchange Commission
or any other governmental regulatory body, which the Committee shall, in its absolute discretion,
deem necessary or advisable; and (c) the obtaining of any approval or other clearance from any
state or federal governmental agency, which the Committee shall, in its absolute discretion,
determine to be

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necessary or advisable; provided that issuance of certificates for Shares hereunder is to be
made in no event later than the tenth (10th) business day following the Vesting Date.

     23. Plan Governs. This Agreement and Appendix A and B is subject to all terms and
provisions of the Plan. In the event of a conflict between one or more provisions of this
Agreement and Appendix A and B and one or more provisions of the Plan, the provisions of the Plan
shall govern. Capitalized terms used and not defined in this Agreement and Appendix A and B shall
have the meaning set forth in the Plan.

     24. Committee Authority. The Committee shall have the power to interpret the Plan and
this Agreement and Appendix A and B and to adopt such rules for the administration, interpretation
and application of the Plan as are consistent therewith and to interpret or revoke any such rules
(including, but not limited to, the determination of whether or not any Restricted Stock Units have
vested). All actions taken and all interpretations and determinations made by the Committee shall
be final and binding upon the Grantee, the Company and all other persons. The Committee shall not
be personally liable for any action, determination or interpretation made in good faith with
respect to the Plan or this Agreement and Appendix A and B.

     25. Captions. Captions provided herein are for convenience only and are not to serve
as a basis for interpretation or construction of this Agreement and Appendix A and B.

     26. Agreement Severable. In the event that any provision in this Agreement and
Appendix A and B shall be held invalid or unenforceable, such provision shall be severable from,
and such invalidity or unenforceability shall not be construed to have any effect on, the remaining
provisions of this Agreement and Appendix A and B.

     27. Entire Agreement. Other than to the extent any written employment agreement
between the Grantee and the Company provides for (a) treatment different or (b) the definition of
terms different, than that which is provided by this Agreement and Appendix A and B, this Agreement
and Appendix A and B constitutes the entire understanding of the parties on the subjects covered.
The Grantee expressly warrants that he or she is not executing this Agreement and Appendix A and B
in reliance on any promises, representations, or inducements other than those contained herein.

     28. Modifications to the Agreement. The Grantee expressly warrants that he or she is
not accepting this Agreement in reliance on any promises, representations, or inducements other
than those contained herein. Modifications to this Agreement or the Plan can be made only in an
express written contract executed by a duly authorized officer of the Company.

     29. Amendment, Suspension or Termination of the Plan. By accepting this award, the
Grantee expressly warrants that he or she has a right to receive Shares under, and subject to the
terms and conditions of, the Plan and this Agreement and Appendix A and B, and has received, read
and understood the Plan and this Agreement and Appendix A and B. The Grantee understands that the
Plan is discretionary in nature and may be modified, suspended or terminated by the Company at any
time.

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     30. Dividend Equivalent Rights. The Number of Restricted Stock Units subject to this
Agreement shall be increased by such additional whole and/or fractional Restricted Stock Units in
an amount determined by the following formula: X = (A x B) / C; where:

	 	•	 	“X” is the number of whole and/or fractional Restricted Stock Units to be credited;
	 
	 	•	 	“A” is the amount of cash dividends paid by the Company to stockholders with respect
to one Share;
	 
	 	•	 	“B” is the number of whole and fractional Restricted Stock Units remaining subject
to this Agreement as of the cash dividend record date but immediately prior to the
application of this paragraph 30; and
	 
	 	•	 	“C” is the Fair Market Value of a Share on the cash dividend payment date.

If a Settlement Date occurs before the cash dividend payment date, and the Grantee did not
otherwise receive any additional Restricted Stock Units with respect to such Shares issued on the
applicable Settlement Date, the Grantee shall nevertheless be entitled to receive additional
Restricted Stock Units, in an amount determined pursuant to this Section 30, and such additional
Restricted Stock Units shall be immediately settled through the issuance of Shares on the cash
dividend payment date (or as soon as reasonably practicable thereafter).

Such additional Restricted Stock Units shall be subject to the same terms and conditions and shall
be settled in the same manner and at the same time as to which applied to each underlying Share
pursuant to which the Dividend Equivalent Rights were paid.

     31. Code Section 409A. Notwithstanding anything to the contrary in the Agreement,
Appendix A and B and/or the Plan, if the Company reasonably determines that Section 409A of the
Code will result in the imposition of additional tax with respect to the settlement of the Shares
underlying the Restricted Stock Units on account of the Grantee’s separation from service (as
defined in Section 409A of the Code), the Shares (and/or at the election of the Grantee the cash
received from the sale of the Shares underlying the vested Restricted Stock Units) will not be paid
to the Grantee until the date six (6) months and one (1) day following the date of the Grantee’s
separation from service.

     32. Notice of Governing Law. This grant of Restricted Stock Units shall be governed
by, and construed in accordance with, the laws of the State of Nebraska without regard to
principles of conflict of laws.

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APPENDIX B

VESTING SCHEDULE

OF RESTRICTED STOCK UNITS

     The vesting of the Restricted Stock Units subject to this award shall be determined based on
the following schedule (except as otherwise provided in Appendix A):

     The Vesting Date shall be the third (3rd) anniversary of the Date of Grant. One
hundred percent (100%) of the Restricted Stock Units shall become vested on such Vesting Date.

     The Settlement Date, when the vested Restricted Stock Units, if any, will be settled by
issuing Shares to the Grantee shall be the date, as soon as reasonable practicable following the
date the applicable Restricted Stock Units have vested in accordance with the terms of the Plan,
the Agreement and this Appendix B, but in no event later than the tenth (10th) business
day following such date.

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Exhibit 4.1

JWC ACQUISITION CORP.

UNITS CONSISTING OF ONE SHARE OF COMMON STOCK AND ONE WARRANT TO PURCHASE ONE SHARE OF COMMON STOCK

THIS CERTIFIES THAT        
                                                           
                   
                   
                   
                   
                   
                    
                is the owner of  
                  
      
                   
       
                   
                   
        Units.

Each Unit (“Unit”) consists of one (1) share of common stock, par value $0.0001 per share (“Common
Stock”), of JWC Acquisition Corp., a Delaware corporation (the “Company”), and one warrant (the
“Warrants”). Each Warrant entitles the holder to purchase one (1) share (subject to adjustment) of
Common Stock for $11.50 per share (subject to adjustment). Each Warrant will become exercisable on
the later of (i) thirty (30) days after the Company’s completion of a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or other similar business combination
with one or more businesses (each a “Business Combination”), or (ii) twelve (12) months from the
closing of Company’s initial public offering, and will expire unless exercised before 5:00 p.m.,
New York City Time, on the date that is five (5) years after the date on which the Company
completes its initial Business Combination, or earlier upon redemption or liquidation (the
“Expiration Date”). The Common Stock and Warrants comprising the Units represented by this
certificate are not transferable separately prior to                     , 20     , unless Citigroup Global
Markets Inc. elects to allow separate trading earlier, subject to the Company’s filing of a current
Report on Form 8-K with the Securities and Exchange Commission containing an audited balance sheet
reflecting the Company’s receipt of the gross proceeds of the offering and issuing a press release
announcing when separate trading will begin. The terms of the Warrants are governed by a Warrant
Agreement, dated as of                     , 2010, between the Company and Continental Stock Transfer &
Trust Company, as Warrant Agent, and are subject to the terms and provisions contained therein, all
of which terms and provisions the holder of this certificate consents to by acceptance hereof.
Copies of the Warrant Agreement are on file at the office of the Warrant Agent at 17 Battery Place,
New York, New York 10004, and are available to any Warrant holder on written request and without
cost.

     This certificate is not valid unless countersigned by the Transfer Agent and Registrar of the
Company.

     Witness the facsimile signature of its duly authorized officers.

	 	 	 

	 

	 	 
	Secretary

	 	President

 

 

JWC
Acquisition Corp.

     The Corporation will furnish without charge to each stockholder who so requests, a statement
of the powers, designations, preferences and relative, participating, optional or other special
rights of each class of stock or series thereof of the Corporation and the qualifications,
limitations, or restrictions of such preferences and/or rights.

     The following abbreviations, when used in the inscription on the face of this certificate,
shall be construed as though they were written out in full according to applicable laws or
regulations:

	 	 	 	 	 	 	 	 	 	 	 

	TEN COM

	 	—
	 	as tenants in common
	 	UNIF GIFT MIN ACT
	 	—
	 	                     Custodian
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	                    
	TEN ENT

	 	—
	 	as tenants by the entireties
	 	 	 	 	 	(Cust)

	 

	 	 	 	 	 	 	 	 	 	(Minor)
	 

	 	 	 	 	 	 	 	 	 	Under Uniform Gifts to Minors
	JT TEN
	 	—	 	as joint tenants with right of survivorship and not as tenants in common	 	 	 	 	 	Act                                         
	 

	 	 	 	 	 	 	 	 	 	(State)

Additional abbreviations may also be used though not in the above list.

     For value received,                      hereby sell, assign and transfer unto                     

					
	 	 	 	 	 
	PLEASE INSERT SOCIAL SECURITY OR

OTHER

IDENTIFYING NUMBER OF ASSIGNEE
	 	 
	 	 

 

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

 

 

 

                                                                     
                                Units represented by the within Certificate, and do hereby irrevocably
constitute and appoint

                                                                    
                                                     Attorney to transfer the said Units on the books of the within named Corporation with full power of substitution in the premises.

Dated                                         

 

 

	 	 	 	 	 

	 	 	 
	 

	 	Notice:
	 	The signature to this assignment must
correspond with the name as written upon the face
of the certificate in every particular, without
alteration or enlargement or any change whatever.

	 	 	 

	Signature(s) Guaranteed:

	 	 
	 
	 	 
	 
	 	 
	 

	 	 
	THE SIGNATURE(S) MUST BE GUARANTEED BY AN
ELIGIBLE GUARANTOR INSTITUTION (BANKS,
STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS
AND CREDIT UNIONS WITH MEMBERSHIP IN AN
APPROVED SIGNATURE GUARANTEE MEDALLION
PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15).

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00179-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00179-of-00352.parquet"}]]