Document:

exhibit102.htm

Exhibit
    10.2
     

     

    NEW
      PURCHASER GROUP SUPPLEMENT

     

     

    NEW
      PURCHASER GROUP SUPPLEMENT, dated
      as of February 21, 2008 (the “Purchaser Group Addition Date”) among
      CALYON NEW YORK BRANCH and ATLANTIC ASSET SECURITIZATION LLC (collectively,
      the
“New Purchaser Group”), the Funding Agent with respect to such New
      Purchaser Group listed in the signature pages hereof (the “Funding
      Agent”), AVIS BUDGET RENTAL CAR FUNDING (AESOP) LLC, a Delaware limited
      liability company (the “Company”), JPMORGAN CHASE BANK, N.A., as
      Administrative Agent (in such capacity, the “Administrative Agent”) and
      AVIS BUDGET CAR RENTAL, LLC, as Administrator (the
“Administrator”).

     

    W
      I T
      N E S S E T H:

     

    WHEREAS,
      this New Purchaser Group
      Supplement is being executed and delivered in connection with the addition
      of
      the New Purchaser Group pursuant to Section 2.6(e) of the Series 2008-1
      Supplement, dated as of February 15, 2008 (as may from time to time be amended,
      supplemented or otherwise modified in accordance with the terms thereof, the
      “Series 2008-1 Supplement”; terms defined therein being used herein as
      therein defined), among the Company, the Administrator, the CP Conduit
      Purchasers, the Funding Agents and the APA Banks from time to time parties
      thereto, the Administrative Agent and The Bank of New York Trust Company, N.A.,
      as trustee (in such capacity, the “Trustee”) and as Series 2008-1 Agent,
      to the Second Amended and Restated Base Indenture, dated as of June 3, 2004
      (as
      may from time to time be amended, supplemented or otherwise modified in
      accordance with the terms thereof, the “Base Indenture” and, the Base
      Indenture as supplemented by the Series 2008-1 Supplement, the
“Indenture”), between the Company and the Trustee; and

     

    WHEREAS,
      the New Purchaser Group wishes
      to become a CP Conduit Purchaser and the APA Bank with respect to such CP
      Conduit Purchaser under the Series 2008-1 Supplement.

     

    NOW,
      THEREFORE, the parties hereto
      hereby agree as follows:

     

    1.  Upon
      the
      execution and delivery of this New Purchaser Group Supplement by the New
      Purchaser Group, the Funding Agent with respect thereto, the Company, the
      Administrator and the Administrative Agent, the New Purchaser Group and the
      Funding Agent with respect thereto shall be parties to the Series 2008-1
      Supplement and the related Fee Letter for all purposes thereof; including,
      for
      the avoidance of doubt, receipt by the New Purchaser Group of an Upfront Fee,
      to
      be paid on the Purchaser Group Addition Date.

     

    2.  Each
      of
      the parties to this New Purchaser Group Supplement agrees that at any time
      and
      from time to time upon the written request of any other party, it will execute
      and deliver such further documents and do such further acts and things as such
      other party may reasonably request in order to effect the purposes of this
      New
      Purchaser Group Supplement.

     

    3.  By
      executing and delivering this New Purchaser Group Supplement, the New Purchaser
      Group confirms and agrees as follows:

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (i)  the
      New Purchaser Group has received a
      copy of the Indenture and such other Series 2008-1 Documents, Transaction
      Documents and other documents and information as it has deemed appropriate
      to
      make its own credit analysis and decision to enter into this New Purchaser
      Group
      Supplement;

     

     

    (ii)  the
      New Purchaser Group will,
      independently and without reliance upon the Administrative Agent or any other
      Person and based on such documents and information as it shall deem appropriate
      at the time, continue to make its own credit decisions in taking or not taking
      action under the Indenture;

     

     

    (iii)  the
      New Purchaser Group appoints and
      authorizes the Administrative Agent to take such action as agent on its behalf
      and to exercise such powers under the Series 2008-1 Supplement as are delegated
      to the Administrative Agent by the terms thereof together with such powers
      as
      are reasonably incidental thereto, all in accordance with Article IX of the
      Series 2008-1 Supplement;

     

     

    (iv)  each
      member of the New Purchaser Group
      appoints and authorizes the Funding Agent to take such action as agent on its
      behalf and to exercise such powers under the Series 2008-1 Supplement as are
      delegated to such Funding Agent by the terms thereof, together with such powers
      as are reasonably incidental thereto, all in accordance with Article X of the
      Series 2008-1 Supplement; and

     

     

    (v)  each
      member of the New Purchaser Group
      agrees that it will perform in accordance with their terms all of the
      obligations which by the terms of the Indenture are required to be performed
      by
      it as a member of the New Purchaser Group.

     

    

    4.  Each
      of
      the Company, the Administrative Agent and the Administrator represent that,
      as
      of the Purchaser Group Addition Date, the Series 2008-1 Invested Amount is
      zero.

     

    5.  Schedule
      I hereto sets forth the Maximum Purchaser Group Invested Amount and Commitment
      Percentages of the New Purchaser Group as of the Purchaser Group Addition Date,
      as well as administrative information with respect to the New Purchaser Group
      and its Funding Agent.

     

    6.  Schedule
      II hereto sets forth the Maximum Purchaser Group Invested Amount and Commitment
      Percentages of each Purchaser Group party to the Series 2008-1 Supplement as
      of
      the Purchaser Group Addition Date.

     

    7.  This
      New
      Purchaser Group Supplement shall be governed by, and construed in accordance
      with, the laws of the State of New York.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the parties hereto have caused this New Purchaser Group
      Supplement to be executed by their respective duly authorized officers as of
      the
      date first set forth above.

     

    
      	
               

            	
              ATLANTIC
                ASSET SECURITIZATION LLC, as a CP Conduit
                Purchaser

            

    

     

    
      	
               

            	
              By:
                Calyon New York Branch, as
                attorney-in-fact

            

    

     

    By:
      __/s/ Sam Pilcer___________________

    Name:
      Sam
      Pilcer

    Title:
      Managing Director

     

    By:
      _/s/ Kostantina Kourmpetis_________

    Name:
      Kostantina Kourmpetis

    Title:
      Managing Director

     

    
      	
               

            	
              CALYON
                NEW YORK BRANCH, as a Funding Agent and an APA
                Bank

            

    

     

    By:
      ___/s/ Sam Pilcer__________________

    Name:
      Sam
      Pilcer

    Title:
      Managing Director

     

    By:
      __/s/ Kostantina Kourmpetis________

    Name:
      Kostantina Kourmpetis

    Title:
      Managing Director

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    CONSENTED
      AND ACKNOWLEDGED:

     

    AVIS
      BUDGET RENTAL CAR FUNDING (AESOP) LLC

     

    By:  _/s/:
      Rochelle Tarlowe____________________

    Name:
      Rochelle Tarlowe

    Title:
      Vice President and
      Treasurer

     

    AVIS
      BUDGET CAR RENTAL, LLC,

     

    as
      Administrator

     

    By:  _/s/:
      Rochelle Tarlowe____________________

    Name: Rochelle
      Tarlowe

    Title:
      Vice President and
      Treasurer

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    JPMORGAN
      CHASE BANK, N.A.,

     

    as
      Administrative Agent

     

    By:  _/s/:
      Julie C. Kraft__________________

    Name: Julie
      C. Kraft

    Title:  Vice
      President

     

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
              CP
                Conduit

            	
              APA
                Bank

            	
              Funding
                Agent

            	
              APA
                Bank Percentage

            	
              Maximum

              Purchaser
                Group

              Invested
                Amount

            	
              Match
                Funding

            	
              Commitment

              Percentage

            
	
              Atlantic
                Asset Securitization LLC

            	
              Calyon
                New York Branch

            	
              Calyon
                New York Branch

            	
              100%

            	
              $145,000,000

            	
              No

            	
              18.13%

            

    

    

     

    Addresses
      for Notices

     

    CP
      Conduit:

     

    Atlantic
      Asset Securitization LLC

    c/o
      Calyon New York Branch

    1301
      Avenue of the Americas

    New
      York,
      New York 10019

     

    APA
      Bank/Funding Agent:

     

    Calyon
      New York Branch

    1301
      Avenue of the Americas

    New
      York,
      New York 10019

     

     

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	 	
              CP
                Conduit

            	
              APA
                Bank

            	
              Funding
                Agent

            	
              APA
                Bank Percentage

            	
              Maximum

              Purchaser
                Group

              Invested
                Amount

            	
              Match
                Funding

            	
              Purchased

              Percentage

            
	
              1.

            	
              Thames
                Asset Global Securitization No. 1., Inc.

            	
              The
                Royal Bank of Scotland plc, New York Branch

            	
              The
                Royal Bank of Scotland plc

            	
              100%

            	
              $175,000,000

            	
              Yes

            	
              21.88%

            
	
              2.

            	
              Montage
                Funding LLC

            	
              Deutsche
                Bank AG, New York Branch

            	
              Deutsche
                Bank AG, New York Branch

            	
              100%

            	
              $115,000,000

            	
              No

            	
              14.38%

            
	
              3.

            	
              Liberty
                Street Funding LLC

            	
              The
                Bank of Nova Scotia

            	
              The
                Bank of Nova Scotia

            	
              100%

            	
              $125,000,000

            	
              No

            	
              15.63%

            
	
              4.

            	
              YC
                SUSI Trust

            	
              Bank
                of America, National Association

            	
              Bank
                of America, National Association

            	
              100%

            	
              $50,000,000

            	
              No

            	
              6.25%

            
	
              5.

            	
              Falcon
                Asset Securitization Company LLC

            	
              JPMorgan
                Chase Bank, N.A.

            	
              JPMorgan
                Chase Bank, N.A.

            	
              100%

            	
              $190,000,000

            	
              No

            	
              23.75%

            
	
              6.

            	
              Atlantic
                Asset Securitization LLC

            	
              Calyon
                New York Branch

            	
              Calyon
                New York Branch

            	
              100%

            	
              $145,000,000

            	
              No

            	
              18.13%Exhibit 10(a)

	

Form of

RESTRICTED STOCK AWARD AGREEMENT

under the

FPL GROUP, INC. AMENDED AND RESTATED LONG-TERM INCENTIVE PLAN

	 
	 
	
          This Restricted Stock Award Agreement ("Agreement"), between FPL Group, Inc. (hereinafter called the "Company") and ___________________ (hereinafter called the "Participant") is dated ______ ___, 20___.

	 
	
          1.    Grant of Restricted Stock Award -
 The Company hereby grants to the Participant _________ shares of the Company's common stock, par value $.01 per share ("Common Stock"), which shares (the "Awarded Shares") shall be subject to the restrictions set forth in Sections 2 and 3, below, as well as all other terms and conditions set forth in this Agreement and in the Company's Amended and Restated Long Term Incentive Plan, as amended from time to time (the "Plan").  

	 
	
          2.    Vesting -
 Restrictions and Limitations -
 (a) Subject to the limitations and other terms and conditions set forth in this Agreement and in the Plan, the Awarded Shares shall vest, the Company shall remove all restrictions from such Awarded Shares and the Participant shall obtain unrestricted ownership of the Awarded Shares in accordance with the schedule set forth below:  

	 
	
-
	 	
___ shares on the later to occur of (i) [1 year following grant], or, (ii) the date on which the Compensation Committee of the Board (or such other committee designated to administer the Plan (the "Committee")) makes the certification described in Section 2(b) hereof (the "First Vest")

	
-
	 	
___ shares on the later to occur of (i) [2 years following grant], or (ii) the date on which the Committee makes the certification described in Section 2(b) hereof (the "Second Vest")

	
-
	 	
___ shares on the later to occur of (i) [3 years following grant], or (ii) the date on which the Committee makes the certification described in Section 2(b) hereof (the "Final Vest")

	 
	
          The period between the date of grant of the Awarded Shares and the date on which such Awarded Shares vest shall be hereinafter referred to as the "Restriction Period."

	 
	
          (b)    Notwithstanding the provisions of section 2(a) hereof:

	 
	
                         (i)    The First Vest shall be conditioned on, subject to and shall not occur until the Committee certifies (by resolution or in such other manner as the Committee deems appropriate) that the corporate target adjusted net income goal (at 100%, if more than one level for such goal has been established) under the Company's then-existing annual incentive plan, or, if there is no such goal established under the then-existing annual incentive plan, such other appropriate performance target as the Committee may establish, such target being hereinafter referred to as the "Performance Target"), for [year of grant] has been achieved.  If the Committee does not or cannot certify that the Performance Target has been achieved by December 31, [following year], then the Participant shall forfeit the right to the shares subject to the First Vest, and such shares shall be cancelled.

	 
	
                         (ii)    The Second Vest shall be conditioned on, subject to and shall not occur until the Committee certifies (by resolution or in such other manner as the Committee deems appropriate) that the Performance Target for [year following year of grant] has been achieved.  If the Compensation Committee does not or cannot certify that the Performance Target has been achieved by December 31, [following year], then the Participant shall forfeit the right to the shares subject to the Second Vest, and such shares shall be cancelled.

	 
	
                          (iii)    The Final Vest shall be conditioned on, subject to and shall not occur until the Committee certifies (by resolution or in such other manner as the Committee deems appropriate) that the Performance Target for [two years following year of grant] has been achieved.  If the Committee does not or cannot certify that the Performance Target has been achieved by December 31, [following year], then the Participant shall forfeit the right to the shares subject to the Final Vest, and such shares shall be cancelled.

	 
	
          (c)    Notwithstanding the provisions of sections 2(a) and 2(b), if (i) the Participant is a party to an Executive Retention Employment Agreement with the Company ("Retention Agreement") and has not waived his or her rights, either entirely or in pertinent part, under such Retention Agreement, and (ii) the Effective Date (as defined in the Retention Agreement as in effect on the date hereof) has occurred and the Employment Period (as defined in the Retention Agreement as in effect on the date hereof) has commenced and has not terminated pursuant to section 3(b) of the Retention Agreement (as in effect on the date hereof) then, so long as the Participant is then employed by the Company or one of its subsidiaries or affiliates, the Awarded Shares shall vest upon a Change of Control (as defined in the Retention Agreement as in effect on the date hereof), in lieu of the vesting schedule set forth in this section 2.  Notwithstanding the provisions of sections 2(a) and 2(b), if the Participant is not a party to a Retention Agreement, the rights of the Participant upon a Change of Control (as defined in the Plan) shall be as set forth in section 9 of the Plan on the date hereof.

	 
	
          (d)    If as a result of a Change of Control, the Common Stock is exchanged for or converted into a different form of equity security and/or the right to receive other property (including cash), payment in respect of the Restricted Stock shall, to the maximum extent practicable, be made in the same form.

	 
	
          3.    Terms and Conditions -
  The Awarded Shares shall be registered in the name of the Participant effective on the date of grant.  The Company will issue the Awarded Shares either (i) in certificated form, subject to a restrictive legend substantially in the form attached hereto as Exhibit "A" and stop transfer instructions to its transfer agent, and will provide for retention of custody of the Awarded Shares prior to vesting and/or (ii) in non-certificated form, subject to restrictions and instructions of like effect.  Prior to vesting (and if the Awarded Shares have not theretofore been forfeited in accordance herewith), the Participant shall have the right to enjoy all shareholder rights (including without limitation the right to receive cash dividends and to vote the Awarded Shares at all meetings of the shareholders of the Company at which holders of Common Stock have the right to vote), with the exception that:

	 
	 	
(a)
	
The Participant shall not be entitled to delivery of unrestricted shares until vesting.

	 	 	 
	 	
(b)
	
The Participant may not sell, transfer, pledge, exchange, hypothecate, or otherwise dispose of the Awarded Shares prior to vesting.

	 	 	 
	 	
(c)
	
In addition to the provisions set forth in section 4 hereof, a breach by the Participant of the terms and conditions set forth in this Agreement shall result in the immediate forfeiture of all then unvested Awarded Shares.

	 
	
          4.    Vesting Conditions -
 Except as otherwise set forth herein, the Participant must remain in the continuous employment of the Company or a subsidiary or affiliate of the Company (including any successors to the Company) from the effective date of this Agreement through the relevant vesting date (or dates) set forth in (or determined in accordance with) section 2, above, in order for the Awarded Shares to vest.  Except as otherwise set forth herein or in the Plan in connection with a Change of Control (as defined in a Retention Agreement, if applicable, or in the Plan on the date hereof), in the event that the Participant's employment with the Company (or a subsidiary, affiliate or successor of the Company) terminates for any reason prior to vesting, his or her rights hereunder will be determined as follows:

	 
	 	
(a)
	
If the Participant's termination of employment is due to resignation, discharge, or retirement prior to age 65 which does not meet the condition set forth in section 4(b), below, all rights to Awarded Shares not theretofore vested (including without limitation rights to dividends not theretofore paid) under this Agreement shall be immediately forfeited, and

	
	
	

	
	
(b)
	
If the Participant's termination of employment is due to (i) retirement on or after age 65, (ii) retirement at or after age 50 but prior to age 65 if, but only if, such retirement is requested by the Company as evidenced by a writing which specifically references this provision and is executed by the Company's chief executive officer (or, if the Participant is the Company's chief executive officer, by a member of the Committee), (iii) total and permanent disability (as defined under the Company's executive long-term disability plan), or (iv) death, a pro rata share (calculated based upon the number of completed years of service during the Restriction Period) of the then-unvested portion of the Awarded Shares shall vest (x) in the case of termination pursuant to subsection (i) or (ii) hereof, on the vesting schedule and otherwise in accordance with the terms and conditions (including without limitation satisfaction of the applicable performance conditions) set forth in section 2 hereof, and (y) in the case of termination pursuant to subsection (iii) or (iv) hereof, on the date of termination of employment; and

	
	
	

	
	
(c)
	
If a Participant's employment is terminated prior to vesting of all or a portion of the Awarded Shares for any reason other than as set forth in sections 4(a) and (b) above, or if an ambiguity exists as to the interpretation of those sections, the Committee shall determine whether the Participant's then-unvested Awarded Shares shall be forfeited or whether the Participant shall be entitled to pro rata vesting as set forth above based upon completed years of service during the Restriction Period, and any Awarded Shares which may vest shall do so on the vesting schedule and otherwise in accordance with the terms and conditions (including without limitation satisfaction of the applicable performance conditions) set forth in section 2 here.

	 
	
          [the following applies only to Mr. Hay] Notwithstanding the foregoing, if the Employment Period (as defined in the Retention Agreement as in effect on the date hereof) is not then in effect, and the Participant terminates employment for Good Reason (as defined in the Participant's Employment Letter with the Company (as in effect on the date hereof, the "Employment Letter") or the Company terminates the Participant's employment without Cause (as defined in the Employment Letter), then the Participant shall continue to vest in the Awarded Shares on the schedule and otherwise on the terms and conditions set forth in section 2 hereof until the date which is two years after the date on which the Participant's employment is terminated.  Awarded Shares which are scheduled to vest after the date which is two years after the date on which the Participant's employment is terminated shall be forfeited effective on the date Participant's employment is terminated.

	 
	
          5.    Income Taxes -
 The Participant shall notify the Company immediately of any election made with respect to this Agreement under Section 83(b) of the Internal Revenue Code of 1986, as amended.  Upon vesting and delivery of Awarded Shares to the Participant, the Company shall have the right to withhold from any such distribution, in order to meet the Company's obligations for the payment of withholding taxes, shares of Common Stock with a Fair Market Value (as defined in the Plan) equal to the minimum statutory withholding for taxes (including federal and state income taxes and payroll taxes applicable to the supplemental taxable income relating to such distribution) and any other tax liabilities for which the Company has an obligation relating to such distribution.

	 
	
          6.    Nonassignability -
 The Participant's rights and interest in the Awarded Shares may not be assigned, pledged, or transferred prior to vesting except, in the event of death, to a designated beneficiary or by will or by the laws of descent and distribution.

	 
	
          7.    Effect Upon Employment -
 This Agreement is not to be construed as giving any right to the Participant for continuous employment by the Company or a subsidiary or affiliate.  The Company and its subsidiaries and affiliates retain the right to terminate the Participant at will and with or without cause at any time (subject to any rights the Participant may have under the Participant's Retention Agreement [and Employment Letter, in the case of Mr. Hay]).

	 
	
          8.  Successors and Assigns -
 This Agreement shall inure to the benefit of and shall be binding upon the Company and the Participant and their respective heirs, successors and assigns.

	 
	
          9.    Protective Covenants -
 In consideration of the Awarded Shares granted under this Agreement, the Participant covenants and agrees as follows: (the "Protective Covenants"):

	 	 	 
	 	
(a)
	
During the Participant's employment with the Company, and for a two-year period following the termination of the Participant's employment with the Company, Participant agrees (i) not to compete or attempt to compete for, or act as a broker or otherwise participate in, any projects in which the Company has at any time done any work or undertaken any development efforts, or (ii) directly or indirectly solicit any of the Company's customers, vendors, contractors, agents, or any other parties with which the Company has an existing or prospective business relationship, for the benefit of the Participant or for the benefit of any third party, nor shall the Participant accept consideration or negotiate or enter into agreements with such parties for the benefit of the Participant or any third party.

	
	
	

	
	
(b)
	
During the Participant's employment with the Company and for a two-year period following the termination of the Participant's employment with the Company, the Participant shall not, directly or indirectly, on behalf of the Participant or for any other business, person or entity, entice, induce or solicit or attempt to entice, induce or solicit any employee of the Company or its subsidiaries or affiliates to leave the Company's employ (or the employ of such subsidiary or affiliate) or to hire or to cause any employee of the Company to become employed for any reason whatsoever.

	
	
	

	
	
(c)
	
The Participant shall not, at any time or in any way, disparage the Company or its current or former officers, directors, and employees, orally or in writing, or make any statements that may be derogatory or detrimental to the Company's good name or business reputation.

	
	
	

	
	
(d)
	
The Participant acknowledges that the Company would not have an adequate remedy at law for monetary damages if the Participant breaches these Protective Covenants.  Therefore, in addition to all remedies to which the Company may be entitled for a breach or threatened breach of these Protective Covenants, including but not limited to monetary damages, the Company will be entitled to specific enforcement of these Protective Covenants and to injunctive or other equitable relief as a remedy for a breach or threatened breach.  In addition, upon any breach of these Protective Covenants or any separate confidentiality agreement or confidentiality provision between the Company and the Participant, all Participant's rights to receive theretofore unvested Awarded Shares and dividends relating thereto under this Agreement shall be forfeited.

	
	
	

	
	
(e)
	
For purposes of this section 9, the term "Company" shall include all subsidiaries and affiliates of the Company, including, without limitation, Florida Power & Light Company and FPL Energy, LLC, and their respective subsidiaries and affiliates (such subsidiaries and affiliates being hereinafter referred to as the "FPL Entities"). The Company and the Participant agree that each of the FPL Entities is an intended third-party beneficiary of this section 9, and further agree that each of the FPL Entities is entitled to enforce the provisions of this section 9 in accordance with its terms.

	
	
	

	
	
(f)
	
Notwithstanding anything to the contrary contained in this Agreement, the terms of these Protective Covenants shall survive the termination of this Agreement and shall remain in effect.

	 
	
          10.    Incorporation of Plan's Terms -
 This Agreement is made under and subject to the provisions of the Plan, and all the provisions of the Plan are also provisions of this Agreement (including, but not limited to, the provisions of Section 9 of the Plan pertaining to a Change of Control, provided that if the Participant is a party to a Retention Agreement, the provisions of section 2(b) hereof shall supercede the provisions of the Plan with respect to a Change of Control).  If there is a difference or conflict between the provisions of this Agreement and the mandatory provisions of the Plan, the provisions of the Plan will govern.  If there is a difference or conflict between the provisions of this Agreement and a provision of the Plan as to which the Committee is authorized to make a contrary determination, the provisions of this Agreement will govern.  Except as otherwise expressly defined in this Agreement, all terms used herein are used as defined in the Plan as it may be amended from time to time.  The Company and Committee retain all authority and powers granted by the Plan as it may be amended from time to time not expressly limited by this Agreement.  The Participant acknowledges that he or she may not and will not rely on any statement of account or other communication or document issued in connection with the Plan other than the Plan, this Agreement, and any document signed by an authorized representative of the Company that is designated as an amendment of the Plan or this Agreement.

	 
	
          11.    Interpretation -
 The Committee has the sole and absolute right to interpret the provisions of this Agreement.

	 
	
          12.    Governing Law/Jurisdiction -
 This Agreement shall be construed and interpreted in accordance with the laws of the State of Florida, without regard to its conflict of laws principles. All suits, actions, and proceedings relating to this Agreement may be brought only in the courts of the State of Florida located in Palm Beach County or in the United States District Court for the Southern District of Florida in West Palm Beach, Florida.  The Company and Participant shall consent to the nonexclusive personal jurisdiction of the courts described in this section for the purpose of all suits, actions, and proceedings relating to the Agreement or the Plan.  The Company and the Participant each waive all objections to venue and to all claims that a court chosen in accordance with this section is improper based on a venue or a forum non conveniens claim.

	 
	
          13.    Amendment -
 This Agreement may be amended, in whole or in part and in any manner not inconsistent with the provisions of the Plan, at any time and from time to time, by written agreement between the Company and the Participant.

	 
	
          14.    Adjustments -
 In the event of any change in the outstanding shares of Common Stock by reason of any stock dividend or split, recapitalization, reclassification, merger, consolidation, combination or exchange of shares or similar corporate change, then the number of Awarded Shares shall be adjusted proportionately.  No adjustment will be made in connection with the payment by the Company of any cash dividend on its Common Stock or in connection with the issuance by the Company of any warrants, rights, or options to acquire additional shares of Common Stock or of securities convertible into Common Stock.

	 
	
          15.    Data Privacy.  By entering into this Agreement, the Participant:  (i) authorizes the Company or any of its subsidiaries or affiliates, and any agent of the Company or a subsidiary or affiliate administering the Plan or providing Plan recordkeeping services, to disclose to the Company or any of its subsidiaries or affiliates such information and data as the Company or any such subsidiary or affiliate shall reasonably request in order to facilitate the administration of this Agreement; and (ii) authorizes the Company or any of its subsidiaries or affiliates to store and transmit such information in electronic form, provided such information is appropriately safeguarded in accordance with Company policy.

	 
	 
	
          By signing this Agreement, the Participant accepts and agrees to all of the foregoing terms and provisions and to all the terms and provisions of the Plan incorporated herein by reference and confirms that he has received a copy of the Plan.

	 
	
          IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.

 

 

	 	
FPL GROUP, INC.

	 	 
	 	
Name:
	 
	
	
	

	 	
Title:
	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	
	
	

	 	 	
Participant

 

 

 

Exhibit "A"

 

LEGEND TO BE PLACED ON STOCK CERTIFICATE

 

The shares represented by this certificate are subject to the provisions of the Amended and Restated FPL Group Long-Term Incentive Plan (the "Plan") and a Restricted Stock Award Agreement (the "Agreement") between the holder hereof and FPL Group, Inc. and may not be sold or transferred except in accordance therewith.  Copies of the Plan and Agreement are kept on file by the Vice President & Corporate Secretary of FPL Group, Inc.

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