Document:

exv10w2

 

Exhibit 10.2

ORBITAL SCIENCES CORPORATION

2005 STOCK INCENTIVE PLAN

STOCK UNIT AGREEMENT

     Orbital Sciences Corporation, a Delaware corporation (the “Company”), hereby grants stock
units relating to shares of its common stock, $.01 par value (the “Stock”), to the individual named
below as the Grantee. The terms and conditions of the grant are set forth in this Agreement and in
the Orbital Sciences Corporation 2005 Stock Incentive Plan (the “Plan”).

Grant Date: _____________, 20__

Name of Grantee: ____________________________________

Number of Stock Units Covered by Grant: ____________

Vesting Schedule:            Vesting Date            Vesting Percentage

     By signing this cover sheet, you agree to all of the terms and conditions described in this
Agreement and in the Plan, a copy of which will be provided on request. You acknowledge that you
have carefully reviewed the Plan and agree that the Plan will control in the event any provision of
this Agreement should appear to be inconsistent with the terms of the Plan.

	 	 	 
	Grantee:
	 	 
	

	 	
 
(Signature)
	 
	 	 
	Company:
	 	 
	

	 	
 
(Signature)
	 
	 	 
	Title:
	 	 
	

	 	
 

Attachment

This is not a stock certificate or a negotiable instrument.

 

 

ORBITAL SCIENCES CORPORATION

2005 STOCK INCENTIVE PLAN

STOCK UNIT AGREEMENT

     The capitalized terms used below shall have the meanings assigned to them in the Plan, unless
otherwise defined in this Agreement.

	 	 	 
	Stock Unit Transferability

	 	This grant is an award of stock units
in the number of units set forth on the
cover sheet, subject to the vesting
conditions described below (“Stock
Units”). Your Stock Units may not be
transferred, assigned, pledged or
hypothecated, whether by operation of
law or otherwise, nor may the Stock
Units be made subject to execution,
attachment or similar process.
	 
	 	 
	Vesting

	 	Your Stock Unit grant shall vest
according to the schedule set forth on
the cover sheet; provided, that, you
remain in Service on the relevant
vesting dates. If your Service
terminates for any reason, you will
forfeit any Stock Units in which you
have not yet become vested. If you die
or incur a Disability prior to any of
the relevant vesting dates, then your
interest in the Stock Units will become
100% vested upon the date of such
event.
	 
	 	 
	Delivery of Stock Pursuant to Units

	 	A certificate for the shares of Stock
represented by your Stock Unit
Agreement shall be delivered to you, or
to your eligible beneficiary or your
estate on the ___anniversary of
the Grant Date; provided, that, if your
Service terminates for a reason other
than for Cause prior to the ___
anniversary of the Grant Date, you will
instead be delivered a certificate for
the vested portion of the shares of
Stock represented by your Stock Unit
Agreement. If your Service terminates
for Cause, you shall forfeit of all of
your Stock Units.
	 
	

	 	Notwithstanding the preceding paragraph:

	 	•  	If you are a “key employee”
within the meaning of Section 409A of
the Code and shares would otherwise be
delivered to you on account of your
separation from Service, then such
shares shall not be delivered to you
until six months after your separation
from Service; and
	 
	 	•  	If the shares relating to the
vested Stock Units would otherwise be
delivered during a period in which you
are (i) subject to a lock-up agreement
restricting your ability to sell shares
of Stock in the open market or (ii)
restricted from selling shares of Stock
in the open market because you are not
then eligible to sell under the
Company’s insider trading or similar
plan as then in effect (whether because
a trading window is not open or you are
otherwise restricted from trading),
delivery of the shares related to the
vested Stock Units will be delayed
until no earlier than the first date on
which you are no longer prohibited from
selling shares of Stock due to a
lock-up agreement or insider trading
plan restriction.
	 
	Withholding Taxes

	You agree, as a condition of this
grant, that you will make acceptable
arrangements to pay any withholding or
other taxes that may be due as a result
of vesting in Stock Units or your
acquisition of Stock under this grant.
In the event that the Company
determines that any federal, state,
local or foreign tax or withholding
payment is required relating to this

 

 

	 	 	 
	

	 	
grant, the Company will have the right
to: (i) require that you arrange such
payments to the Company, (ii) withhold
such amounts from other payments due to
you from the Company or any Affiliate,
or (iii) cause an immediate forfeiture
of shares of Stock subject to the Stock
Units granted pursuant to this
Agreement in an amount equal to the
withholding or other taxes due.
	 
	 	 
	Retention Rights

	 	This Agreement does not give you the
right to be retained or employed by the
Company (or any Affiliates) in any
capacity.
	 
	 	 
	Shareholder Rights

	 	You do not have any of the rights of a
shareholder with respect to the Stock
Units unless and until the Stock
relating to the Stock Units has been
delivered to you. You will, however,
be entitled to receive, upon the
Company’s payment of a cash dividend on
outstanding Stock, a cash payment for
each Stock Unit that you hold as of the
record date for such dividend equal to
the per-share dividend paid on the
Stock.
	 
	 	 
	Adjustments

	 	In the event of a stock split, a stock
dividend or a similar change in the
Company stock, the number of Stock
Units covered by this grant will be
adjusted (and rounded down to the
nearest whole number) in accordance
with the terms of the Plan.
	 
	 	 
	Applicable Law

	 	This Agreement will be interpreted and
enforced under the laws of the State of
Delaware, other than any conflicts or
choice of law rule or principle that
might otherwise refer construction or
interpretation of this Agreement to the
substantive law of another
jurisdiction.
	 
	 	 
	Consent to Electronic Delivery

	 	The Company may choose to deliver
certain statutory materials relating to
the Plan in electronic form. By
accepting this grant you agree that the
Company may deliver the Plan prospectus
and the Company’s annual report to you
in an electronic format. If at any
time you would prefer to receive paper
copies of these documents, as you are
entitled to receive, the Company would
be pleased to provide copies. Please
contact the Legal Department to request
paper copies of these documents.
	 
	 	 
	The Plan

	 	The text of the Plan is incorporated in
this Agreement by reference. This
Agreement and the Plan constitute the
entire understanding between you and
the Company regarding this grant of
Stock Units. Any prior agreements,
commitments or negotiations concerning
this grant are superseded. The Plan
will control in the event any provision
of this Agreement should appear to be
inconsistent with the terms of the
Plan.

By signing the cover sheet of this Agreement, you agree to all of the terms and conditions
described above and in the Plan.exv10w3

 

Exhibit 10.3

ORBITAL SCIENCES CORPORATION

1997 STOCK OPTION AND INCENTIVE PLAN

STOCK UNIT AGREEMENT

     Orbital Sciences Corporation, a Delaware corporation (the “Company”), hereby grants stock
units relating to shares of its common stock, $.01 par value (the “Stock”), to the individual named
below as the Grantee. The terms and conditions of the grant are set forth in this Agreement and in
the Orbital Sciences Corporation 1997 Stock Option and Incentive Plan (the “Plan”).

Grant Date: _____________, 20__

Name of Grantee: ____________________________________

Number of Stock Units Covered by Grant: ____________

Vesting Schedule:            Vesting Date            Vesting Percentage

     By signing this cover sheet, you agree to all of the terms and conditions described in this
Agreement and in the Plan, a copy of which will be provided on request. You acknowledge that you
have carefully reviewed the Plan and agree that the Plan will control in the event any provision of
this Agreement should appear to be inconsistent with the terms of the Plan.

	 	 	 
	Grantee:
	 	 
	

	 	
 
(Signature)
	 
	 	 
	Company:
	 	 
	

	 	
 
(Signature)
	 
	 	 
	Title:
	 	 
	

	 	
 

Attachment

This is not a stock certificate or a negotiable instrument.

 

 

ORBITAL SCIENCES CORPORATION

1997 STOCK OPTION AND INCENTIVE PLAN

STOCK UNIT AGREEMENT

The capitalized terms used below shall have the meanings assigned to them in the Plan, unless
otherwise defined in this Agreement.

	 	 	 
	Stock Unit Transferability

Vesting

	 	This grant is an award of stock units
in the number of units set forth on the
cover sheet, subject to the vesting
conditions described below (“Stock
Units”). Your Stock Units may not be
transferred, assigned, pledged or
hypothecated, whether by operation of
law or otherwise, nor may the Stock
Units be made subject to execution,
attachment or similar process.

Your Stock Unit grant shall vest according to the schedule set forth on
the cover sheet; provided, that, you
are an employee or director of the
Company on the relevant vesting dates.
If your employment or directorship
(“Service”) is terminated other than by
reason of death or Total Disability,
you will forfeit any Stock Units in
which you have not yet become vested.
If you die or incur a Total Disability
prior to any of the relevant vesting
dates, then your interest in the Stock
Units will become 100% vested upon the
date of such event.
	 
	 	 
	Delivery of Stock Pursuant to Units

	 	A certificate for the shares of Stock
represented by your Stock Unit
Agreement shall be delivered to you, or
to your eligible beneficiary or your
estate on the ___anniversary of
the Grant Date; provided, that, if your
Service is terminated other than by
reason of death, Total Disability or
Cause prior to the ___
anniversary of the Grant Date, you will
instead be delivered a certificate for
the vested portion of the shares of
Stock represented by your Stock Unit
Agreement. If the Board determines
that you engaged in conduct that would
constitute Cause, then you shall
forfeit of all of your Stock Units.
	 
	 	 
	

	 	Notwithstanding the preceding paragraph:

	 	•  	If you are a “key employee”
within the meaning of Section 409A of
the Code and shares would otherwise be
delivered to you on account of your
separation from Service, then such
shares shall not be delivered to you
until six months after your separation
from Service; and
	 
	 	•  	If the shares relating to the
vested Stock Units would otherwise be
delivered during a period in which you
are (i) subject to a lock-up agreement
restricting your ability to sell shares
of Stock in the open market or (ii)
restricted from selling shares of Stock
in the open market because you are not
then eligible to sell under the
Company’s insider trading or similar
plan as then in effect (whether because
a trading window is not open or you are
otherwise restricted from trading),
delivery of the shares related to the
vested Stock Units will be delayed
until no earlier than the first date on
which you are no longer prohibited from
selling shares of Stock due to a
lock-up agreement or insider trading
plan restriction.
	 
	Withholding Taxes 

	You agree, as a condition of this
grant, that you will make acceptable
arrangements to pay any withholding or
other taxes that may be due as a result
of vesting in Stock Units or your
acquisition of Stock under this

 

 

	 	 	 
	

	 	grant.
In the event that the Company
determines that any federal, state,
local or foreign tax or withholding
payment is required relating to this
grant, the Company will have the right
to: (i) require that you arrange such
payments to the Company, (ii) withhold
such amounts from other payments due to
you from the Company or any affiliate,
or (iii) cause an immediate forfeiture
of shares of Stock subject to the Stock
Units granted pursuant to this
Agreement in an amount equal to the
withholding or other taxes due.
	 
	Retention Rights

	 	This Agreement does not give you the
right to be retained or employed by the
Company (or any affiliates) in any
capacity.
	 
	Shareholder Rights

	 	You do not have any of the rights of a
shareholder with respect to the Stock
Units unless and until the Stock
relating to the Stock Units has been
delivered to you. You will, however,
be entitled to receive, upon the
Company’s payment of a cash dividend on
outstanding Stock, a cash payment for
each Stock Unit that you hold as of the
record date for such dividend equal to
the per-share dividend paid on the
Stock.
	 
	Adjustments

	 	In the event of a stock split, a stock
dividend or a similar change in the
Company stock, the number of Stock
Units covered by this grant will be
adjusted (and rounded down to the
nearest whole number) in accordance
with the terms of the Plan.
	 
	Applicable Law

	 	This Agreement will be interpreted and
enforced under the laws of the State of
Delaware, other than any conflicts or
choice of law rule or principle that
might otherwise refer construction or
interpretation of this Agreement to the
substantive law of another
jurisdiction.
	 
	Consent to Electronic Delivery

	 	The Company may choose to deliver
certain statutory materials relating to
the Plan in electronic form. By
accepting this grant you agree that the
Company may deliver the Plan prospectus
and the Company’s annual report to you
in an electronic format. If at any
time you would prefer to receive paper
copies of these documents, as you are
entitled to receive, the Company would
be pleased to provide copies. Please
contact the Legal Department to request
paper copies of these documents.
	 
	The Plan

	 	The text of the Plan is incorporated in
this Agreement by reference. This
Agreement and the Plan constitute the
entire understanding between you and
the Company regarding this grant of
Stock Units. Any prior agreements,
commitments or negotiations concerning
this grant are superseded. The Plan
will control in the event any provision
of this Agreement should appear to be
inconsistent with the terms of the
Plan.

By signing the cover sheet of this Agreement, you agree to all of the terms and conditions
described above and in the Plan.

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