Document:

SEC Connect

 

Exhibit 4.2

YOUNGEVITY INTERNATIONAL, INC.

 

NOTICE OF AWARD OF RESTRICTED STOCK UNITS

AMENDED AND RESTATED 2012 STOCK OPTION PLAN

 

Youngevity
International, Inc. a Delaware corporation (the “Company”), awards to the
undersigned (the “Participant”) the following
restricted stock units to acquire shares (the “Shares”) of the common stock of
the Company, par value $0.001 per share (the “Common Stock”), pursuant to the
Company’s Amended and Restated 2012 Stock Option Plan (the
“Plan”):

 

	

Participant:

 

	

[
          ]

	

Total
Number of Restricted Stock Units

(each
Restricted Stock Unit
represents the right to receive one share of Common Stock on the
applicable vesting date):

 

	

 

 

 

[
          ]

	

Award
Date:

 

	

[          
]

	

Vesting
Commencement Date:

 

	

[
          ]

	

Vesting
Schedule:

 

	

[          
]

	

Final
Exercise Date:

 

	

[
          ]

 

These
Restricted Stock Units are awarded under and governed by the terms
and conditions of the Plan and the Restricted Stock Unit Award
Agreement, both of which are incorporated herein by reference. By
signing below, the Participant accepts these Restricted Stock
Units, acknowledges receipt of a copy of the Plan and the
Restricted Stock Unit Award Agreement, and agrees to the terms
thereof.

 

	
[NAME
OF PARTICIPANT] 

	
YOUNGEVITY
INTERNATIONAL, INC.:

	
 

	
 

	
________________________________

	
 

	
(Signature)

	
By:
____________________________________

	
 

	
Name:
__________________________________

	
Address:______________________________

	
Title:
___________________________________

	
_____________________________________

	Date:
___________________________________SEC Connect

 

Exhibit 4.3

 

YOUNGEVITY INTERNATIONAL, INC.

 

RESTRICTED STOCK UNIT AWARD AGREEMENT

 

Awarded under the Amended and Restated 2012 Stock Option
Plan

 

YOUNGEVITY
INTERNATIONAL, INC., a Delaware corporation (the
“Company”), has
awarded to you the Restricted Stock Units (“RSUs”) specified in the Notice of
Award of Restricted Stock Units above (the “Notice”), which is incorporated
into this Restricted Stock Unit Award Agreement (the
“Agreement”) and
deemed to be a part hereof. The RSUs have been awarded to you under
Section 6(g) of the Company’s Amended and Restated 2012
Stock Option Plan (the “Plan”), on the terms and
conditions specified in the Notice and this Agreement. Capitalized
terms that are not otherwise defined herein or in the Notice shall
have the meanings given to such terms in the Plan.

 

	

1.

	

RESTRICTED STOCK
UNIT AWARD

 

The
Compensation Committee of the Board of Directors of the Company
(the “Committee”) has awarded to you on
the Award Date an Award of RSUs as designated herein subject to the
terms, conditions, and restrictions set forth in this Agreement and
the Plan. Each RSU shall represent the conditional right to
receive, upon settlement of the RSU, one share of common stock, par
value $0.001 per share (the “Common Stock”) (subject to any tax
withholding as described in Section 3). RSUs include the right
to receive dividend equivalents as specified in Section 4
(“Dividend
Equivalents”). The purpose of such Award is to
motivate and retain you as an employee of the Company or a
subsidiary of the Company, to encourage you to continue to give
your best efforts for the Company’s future success, and to
increase your proprietary interest in the Company. Except as may be
required by law, you are not required to make any payment (other
than payments for taxes pursuant to Section 3 hereof) or
provide any consideration other than the rendering of future
services to the Company or a subsidiary of the
Company.

 

	

2.

	

RESTRICTIONS,
FORFEITURES, AND SETTLEMENT

 

Except
as otherwise provided in this Section 2, RSUs shall be subject
to the restrictions and conditions set forth herein during the
period beginning on the date of grant (the “Award Period”) and ending on the
Vesting Date (such period being referred to as the
“Restricted
Period”). Vesting of the RSUs is conditioned upon you
remaining continuously employed by the Company or a subsidiary of
the Company following the Award Date until the relevant vesting
date, subject to the provisions of this Section 2. Assuming
satisfaction of such employment conditions, the RSUs will become
vested and nonforfeitable as follows (unless such vesting terms are
amended by the Committee or the Board): (i) ten percent (10%) on
the three- year anniversary of the Award Date; (ii) an additional
fifteen percent (15%) on the four-year anniversary of the Award
Date; (iii) an additional fifty percent (50%) on the five-year
anniversary of the Award Date; and (iv) the final twenty five
percent (25%) on the six- year anniversary of the Award Date. In
the event you attain Retirement age while still an employee of the
Company or a subsidiary, all unvested RSUs held by you at least one
year from the Award Date will become vested and non-forfeitable,
and thereafter, so long as you remain an employee of the Company or
a subsidiary after attaining Retirement age, all other RSUs will
become 100% vested one year from the Award Date.

 

	
 

	

(a)

	

Nontransferability. During the Restricted Period and any
further period prior to settlement of your RSUs, you may not sell,
transfer, pledge or assign any of the RSUs or your rights relating
thereto.

 

	
 

	

(b)

	

Time of Settlement. RSUs shall be settled promptly upon
expiration of the Restricted Period without forfeiture of the RSUs
(i.e., upon vesting) by delivery of one share of Common Stock for
each RSU being settled; provided, however, that settlement of an
RSU shall be subject to the Plan, including if applicable the
six-month delay rule in the Plan pursuant to Section 409A of the
Code). (Note: This rule may apply
to any portion of the RSUs that vests after the time you become
Retirement eligible under the Plan, and could apply in other cases
as well). Settlement of RSUs or cash amounts that directly
or indirectly result from Dividend Equivalents on RSUs or
adjustments to RSUs shall occur at the time of settlement of, and
subject to the restrictions and conditions that apply to, the
awarded RSU. Until shares are delivered to you in settlement of
RSUs, you shall have none of the rights of a stockholder of the
Company with respect to the shares issuable in settlement of the
RSUs, including the right to vote the shares and receive actual
dividends and other distributions on the underlying shares of
Common Stock. Shares of stock issuable in settlement of RSUs shall
be delivered to you upon settlement in certificated form or in such
other manner as the Company may reasonably determine.

 

	
 

	

(c)

	

Retirement and Death. In the event of your Retirement (as
that term is defined in the Plan or your death while employed by
the Company prior to the end of the Restricted Period, your RSUs
shall become fully vested. In the event of your death prior to the
delivery of shares in settlement of RSUs (not previously
forfeited), shares in settlement of your RSUs shall be delivered to
your estate, upon presentation to the Committee of letters
testamentary or other documentation satisfactory to the Committee,
and your estate shall succeed to any other rights provided
hereunder in the event of your death.

 

 

 

-1-

 

 

 

 

	
 

	

(d)

	

Termination not for Cause/Termination Following Change in
Control. Upon termination of
your employment or service with the Company and its Subsidiaries
such that you are no longer either an employee or consultant to the
Company (i) by the Company or its Subsidiaries without Cause
(including, in case of a Nonemployee Director, the failure to be
elected as a Nonemployee Director); or (ii) by you for
“Good
Reason” as defined
below) or the Company without Cause during the two  year
period following a Change in Control (as defined in the Plan), the
Restricted Period and all remaining restrictions shall expire and
the RSUs shall be deemed fully vested; provided that you have been
continuously employed by the Company for at least two years and you
sign a general release and, where deemed applicable by the Company,
a non-compete and/or a non-solicitation agreement. For purposes of
this Agreement “Good Reason” shall have the definition
set forth in your employment agreement with the Company and if
there is no definition in your employment agreement with the
Company then “good reason” shall mean the occurrence of
any of the following events without your consent: (A) a material
reduction in your base salary; (B) a material breach by the Company
of the terms of your employment agreement with the Company; (C) a
material reduction in your duties, authority and responsibilities
relative to your duties, authority, and responsibilities in effect
immediately prior to such reduction; or (D) the relocation of your
principal place of employment, without your consent, in a manner
that lengthens your one-way commute distance by twenty fine (25) or
more miles from your then-current principal place of employment
immediately prior to such relocation.

 

	
 

	

(e)

	

Disability. In the event you become Disabled (as that term
is defined in your employment agreement with the Company or if
there is no definition in your employment agreement with the
Company then the definition shall be the definition of Disability
in the Plan), for the period during which you continue to be deemed
to be employed by the Company or a subsidiary (i.e., the period
during which you receive Disability benefits), you will not be
deemed to have terminated employment for purposes of the RSUs. Upon
the termination of your receipt of Disability benefits,
(i) you will not be deemed to have terminated employment if
you return to employment status, and (ii) if you do not return to
employment status, you will be deemed to have terminated employment
at the date of cessation of payments to you under all disability
pay plans of the Company and its subsidiaries, with such
termination treated for purposes of the RSUs as a Retirement or
death.

	
 

	
 

	
 

	

  

	

(f)

	

Other Termination of Employment. In the event of your
voluntary termination, or termination by the Company for Cause (as
defined in the Plan or your employment agreement with the Company)
or misconduct or other conduct deemed by the Company to be
detrimental to the interests of the Company, you shall forfeit all
unvested RSUs on the date of termination.

 

	
 

	

(g)

	

Other
Terms.

 

	
 

	

(i)

	

You
may, at any time prior to the expiration of the Restricted Period,
waive all rights with respect to all or some of the RSUs by
delivering to the Company a written notice of such
waiver.

 

	
 

	

(ii)

	

Termination
of employment includes any event if immediately thereafter you are
no longer an employee of the Company or any subsidiary of the
Company, subject to Section 2(h) hereof. References in this
Section 2 to employment by the Company include employment by a
subsidiary of the Company. Termination of employment means an event
after which you are no longer employed by the Company or any
subsidiary of the Company. Such an event could include the
disposition of a subsidiary or business unit by the Company or a
subsidiary.

 

	
 

	

(iv)

	

Upon
any termination of your employment, any RSUs as to which the
Restricted Period has not expired at or before such termination
shall be forfeited. Other provisions of this Agreement
notwithstanding, in no event will an RSU that has been forfeited
thereafter vest or be settled.

 

	
 

	

(h)

	

The
following events shall not be deemed a termination of
employment:

 

	
 

	

(i)

	

A
transfer of you from the Company to a subsidiary, or vice versa, or
from one subsidiary to another;

 

	
 

	

(ii)

	

A leave
of absence, duly authorized in writing by the Company, for military
service or sickness or for any other purpose approved by the
Company if the period of such leave does not exceed ninety
(90) days; and

 

	
 

	

(iii)

	

A leave
of absence in excess of ninety (90) days, duly authorized in
writing, by the Company, provided your right to reemployment is
guaranteed either by a statute or by contract.

 

	
 

	

    

	

However,
failure of you to return to active service with the Company or a
subsidiary at the end of an approved leave of absence shall be
deemed a termination of employment. During a leave of absence as
defined in (ii) or (iii), although you will be considered to
have been continuously employed by the Company or a subsidiary and
not to have had a termination of employment under this
Section 2, the Committee may specify that such leave period
shall not be counted in determining the period of employment for
purposes of the vesting of the RSUs. In such case, the vesting
dates for unvested RSUs shall be extended by the length of any such
leave of absence.

 

 

 

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3.

	

TAXES

 

At such
time as the Company is required to withhold taxes with respect to
the RSUs, or at an earlier date as determined by the Company, you
shall make remittance to the Company of an amount sufficient to
cover such taxes or make such other arrangement regarding payments
of such taxes as are satisfactory to the Committee. The Company and
its subsidiaries shall, to the extent permitted by law, have the
right to deduct such amount from any payment of any kind otherwise
due to you, including by means of mandatory withholding of shares
deliverable in settlement of your RSUs to satisfy the mandatory tax
withholding requirements. When the Dividend Equivalents you receive
under Section 4, if any, become payable to you, they will be
compensation (wages) for tax purposes and will be included on your
W-2 form. The Company will be required to withhold applicable taxes
on such Dividend Equivalents. The Company may deduct such taxes
either from the gross Dividend Equivalents payable on such RSUs or
from any other cash payments to be made to or on account of you or
may require you to make prompt remittance to the Company of such
tax amounts. Any cash payment to you under Section 4 of the
Agreement will be included in your W-2 form as compensation and
subject to applicable tax withholding.

 

	

4.

	

DIVIDEND
EQUIVALENTS AND ADJUSTMENTS

 

	
 

	

(a)

	

Dividend
Equivalents shall be paid or credited on RSUs (other than RSUs
that, at the relevant record date, previously have been settled or
forfeited) as follows, except that the Committee may specify an
alternative treatment from that specified in (i), (ii), or
(iii) below for any dividend or distribution:

 

	
 

	

(i)

	

Cash Dividends. If the Company declares and pays a dividend
or distribution on Common Stock in the form of cash, then you will
be credited with a cash amount as of the payment date for such
dividend or distribution equal to the number of RSUs credited to
you as of the record date for such dividend or distribution
multiplied by the amount of cash actually paid as a dividend or
distribution on each outstanding share of Common Stock at such
payment date. Any amounts credited under this Section 4(a)(i)
shall be subject to the restrictions and conditions that apply to
the RSU with respect to which the amounts are credited and will be
payable when the underlying RSU becomes payable. If the underlying
RSU does not vest or is forfeited, any amounts credited under this
Section 4(a)(i) with respect to the underlying RSU will also
fail to vest and be forfeited.

 

	
 

	

(ii)

	

Non-Share Dividends. If the Company declares and pays a
dividend or distribution on Common Stock in the form of property
other than shares, then a number of additional RSUs shall be
credited to you as of the payment date for such dividend or
distribution equal to the number of RSUs credited to you as of the
record date for such dividend or distribution multiplied by the
Fair Market Value of such property actually paid as a dividend or
distribution on each outstanding share of Common Stock at such
payment date, divided by the Fair Market Value of a share at such
payment date. Any RSUs credited to you under this
Section 4(a)(ii) shall be subject to the restrictions and
conditions that apply to the RSU with respect to which the RSUs are
credited and will be payable when the underlying RSU becomes
payable. If the underlying RSU does not vest or is forfeited, any
RSUs credited under this Section 4(a)(ii) with respect to the
underlying RSU will also fail to vest and be forfeited. You will be
eligible to receive Dividend Equivalents on any RSUs credited to
you under this Section 4(a)(ii).

 

	
 

	

(iii)

	

Common Stock Dividends and Splits. If the Company declares
and pays a dividend or distribution on Common Stock in the form of
additional shares, or there occurs a forward split of Common Stock,
then a number of additional RSUs shall be credited to you as of the
payment date for such dividend or distribution or forward split
equal to the number of RSUs credited to you as of the record date
for such dividend or distribution or split multiplied by the number
of additional shares actually paid as a dividend or distribution or
issued in such split in respect of each outstanding share of Common
Stock. Any RSUs credited to you under this Section 4(a)(iii)
shall be subject to the restrictions and conditions that apply to
the RSU with respect to which the RSUs are credited and will be
payable when the underlying RSU becomes payable. If the underlying
RSU does not vest or is forfeited, any RSUs credited under this
Section 4(a)(iii) with respect to the underlying RSU will also
fail to vest and be forfeited. You will be eligible to receive
Dividend Equivalents on any RSUs credited to you under this
Section 4(a)(iii).

 

	
 

	

(b)

	

The
number of your RSUs and other related terms shall be appropriately
adjusted, in order to prevent dilution or enlargement of your
rights with respect to RSUs, to reflect any changes in the
outstanding shares of Common Stock resulting from any event
referred to in Section 3(c) of the Plan, taking into account
any RSUs credited to you in connection with such event under
Section 4(a).

 

	

5.

	

EFFECT ON OTHER
BENEFITS

 

In no
event shall the value, at any time, of the RSUs or any other
payment under this Agreement be included as compensation or
earnings for purposes of any other compensation, retirement, or
benefit plan offered to employees of the Company unless otherwise
specifically provided for in such plan.

 

 

 

-3-

 

 

 

	

6.

	

RIGHT TO CONTINUED
EMPLOYMENT

 

Nothing
in the Plan or this Agreement shall confer on you any right to
continue in the employ of the Company or any subsidiary or any
specific position or level of employment with the Company or any
subsidiary or affect in any way the right of the Company or any
subsidiary to terminate your employment without prior notice at any
time for any reason or no reason.

 

	

7.

	

ADMINISTRATION;
UNFUNDED OBLIGATIONS

 

The
Committee shall have full authority and discretion, subject only to
the express terms of the Plan, to decide all matters relating to
the administration and interpretation of the Plan and this
Agreement, and all such Committee determinations shall be final,
conclusive, and binding upon the Company, you, and all interested
parties. Any provision for distribution in settlement of your RSUs
and other obligations hereunder (including cash amounts set aside
under Section 4(a)(i)) shall be by means of bookkeeping
entries on the books of the Company and shall not create in you or
any beneficiary any right to, or claim against any, specific assets
of the Company, nor result in the creation of any trust or escrow
account for you or any beneficiary. You and any of your
beneficiaries entitled to any settlement or distribution hereunder
shall be a general creditor of the Company.

 

	

8.

	

AMENDMENT

 

This
Agreement shall be subject to the terms of the Plan, as amended
from time to time, except that the Award which is the subject of
this Agreement may not be materially adversely affected by any
amendment or termination of the Plan approved after the Award Date
without your written consent.

 

	

9.

	

SEVERABILITY AND
VALIDITY

 

The
various provisions of this Agreement are severable, and any
determination of invalidity or unenforceability of any one
provision shall have no effect on the remaining
provisions.

 

	

10.

	

GOVERNING
LAW

   

Except to the extent preempted by any applicable
federal law, this Agreement shall be construed and administered in
accordance with the laws of the State of Delaware, without
reference to its principles of conflicts of law. The
parties shall resolve all disputes, controversies and differences
which may arise between the parties, out of or in relation to or in
connection with this Agreement or the breach, termination,
enforcement, interpretation or validity thereof, including the
determination of the scope or applicability of this Agreement to
arbitrate, after discussion in good faith attempting to reach an
amicable solution.  Such discussion will begin
immediately after one party has delivered to the other party a
request for discussion. If the dispute, controversy, or claim
cannot be resolved within 30 days following the date on which the
request for discussion is delivered, then it will be finally
settled by arbitration held in Chula
Vista, California in accordance with the latest Rules of the
American Arbitration Association. Such arbitration shall be
conducted by one arbitrator appointed as follows: each party will
appoint one arbitrator and the appointed arbitrators shall appoint
the deciding arbitrator.  The decision of the tribunal shall
be final and may not be appealed.  The arbitral tribunal may,
in its discretion award fees and costs as part of its award.
Judgment on the arbitral award may be entered by any court of
competent jurisdiction, including any court that has jurisdiction
over either of the party or any of their
assets.

 

	

12.

	

SUCCESSORS

 

This
Agreement shall be binding upon and inure to the benefit of the
successors, assigns, and heirs of the respective
parties.

 

	

13.

	

DATA
PRIVACY

 

By
entering into this agreement, you (i) authorize the Company,
and any agent of the Company administering the Plan or providing
Plan recordkeeping services, to disclose to the Company or any of
its subsidiaries such information and data as the Company or any
such subsidiary shall request in order to facilitate the award of
RSUs and the administration of the Plan; (ii) waive any data
privacy rights you may have with respect to such information; and
(iii) authorize the company to store and transmit such
information in electronic form.

 

	

14.

	

ENTIRE AGREEMENT
AND NO ORAL MODIFICATION OR WAIVER

 

This
Agreement contains the entire understanding of the parties. This
Agreement shall not be modified or amended except in writing duly
signed by the parties, except that the Company may adopt a
modification or amendment to the Agreement that is not materially
adverse to you in writing signed only by the Company. Any waiver of
any right or failure to perform under this Agreement shall be in
writing signed by the party granting the waiver and shall not be
deemed a waiver of any subsequent failure to perform.

 

 

	

 

	

YOUNGEVITY
INTERNATIONAL, INC.

	

 

	

 

	

 

	

 

	

 

	
 

	
By:  

	

	

 

	

 

	

 

	

Stephan
Wallach

	

 

	

 

	

 

	

Chief
Executive Officer

	

 

 

 

 

 

-4-

 

 

I have
read this Agreement in its entirety. I understand that this Award
has been granted to provide a means for me to acquire and/or expand
an ownership position in Youngevity International, Inc., and it is
expected that, if applicable, I will retain the stock I receive
upon the vesting of this award consistent with the Company’s
share retention guidelines. I acknowledge and agree that sales of
shares will be subject to the Company’s policy regulating
trading by employees. In accepting this Award, I hereby agree that
such broker-dealer as the Company may choose to administer the
Plan, may provide the Company with any and all account
information.

 

	

[NAME OF PARTICIPANT]

	
 

	
_____________________________________

(Signature)

	
 

	
 

Address: 
___________________________________

	
 

 

 

 

 

 

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