Document:

Performance Share Agreement

 Exhibit 10.5 
 PLANAR SYSTEMS, INC. 
 PERFORMANCE SHARE AGREEMENT 
 For: John T. Major 
 VP, Global Operations and Supply Chain

 NOTICE OF GRANT 
 Planar Systems, Inc. (the “Company”) hereby grants you, John T. Major (the “Employee”), in your position as Vice President, Business Development, an award of Performance Shares under the Company’s 2007 New Hire
Incentive Plan (the “Plan”). The date of this Performance Share Agreement (the “Agreement”) is January 28, 2008 (the “Grant Date”). Subject to the provisions of Appendix A (attached), Appendix B
(attached) and of the Plan, the principal features of this award are as follows: 
 Target Number of 
 Performance Shares:            50,000 (fifty thousand) 
 Performance Period: Fiscal Year 2008 through Fiscal Year 2010 
  

			
	Vesting Schedule:	  	The number of Performance Shares that will vest and the timing of the vesting of the Performance Shares will depend upon achievement of certain performance goals and will be determined in
accordance with the Performance Matrix, attached hereto as Appendix B. Except as otherwise provided in Appendix A, the Performance Shares will not vest unless

  

	 	i)	Employee is employed by the Company or one of its Subsidiaries through the applicable vesting date 

  

	 	ii)	Employee is employed in the same, or a substantially similar role through the applicable vesting date 

 Your signature below indicates your agreement and understanding that this award is subject to all of the terms and conditions contained in
Appendix A, Appendix B and the Plan. Important additional information on vesting and forfeiture of the Performance Shares is contained in paragraphs 3, 4 and 6 of Appendix A and in Appendix B. PLEASE BE SURE TO READ ALL
OF APPENDIX A AND APPENDIX B, WHICH CONTAIN THE SPECIFIC TERMS AND CONDITIONS OF THIS AGREEMENT. 
  

									
	PLANAR SYSTEMS, INC.	 		 	EMPLOYEE
				
	By:	 	 /s/ Gerald Perkel
	 		 	 /s/ John T. Major

	Name:	 	Gerald Perkel	 		 	Name:	 	John T. Major
	Title:	 	President and CEO	 		 	Title:	 	VP, Global Operations and Supply Chain
					
	Date:	 	                    , 2008	 		 		 	February 19, 2008

 APPENDIX A 
 TERMS AND CONDITIONS OF PERFORMANCE SHARES 
 1. Grant. The Company hereby grants to the
Employee under the Plan an award of the Target Number of Performance Shares set forth on the Notice of Grant, subject to all of the terms and conditions in this Agreement and the Plan. The number of Performance Shares that may vest and the timing of
vesting of the Performance Shares shall depend upon achievement of certain performance goals during the Performance Period and shall be determined in accordance with the Performance Matrix attached hereto as Appendix B. Unless otherwise defined
herein, capitalized terms used herein shall have the meanings ascribed to them in the Plan. 
 2. Company’s Obligation to Pay.
Unless and until the Performance Shares have vested in the manner set forth in paragraphs 3 and 4, the Employee will have no right to payment of such Performance Shares. Prior to actual payment of any vested Performance Shares, such Performance
Shares will represent an unsecured obligation. Payment of any vested Performance Shares shall be made in whole shares of the Company’s common stock (“Shares”) only. 
 3. Vesting Schedule/Period of Restriction. Except as provided in paragraph 4, and subject to paragraph 6, the Performance Shares awarded
by this Agreement shall vest in accordance with the vesting provisions set forth in the Performance Matrix. Performance Shares shall not vest in the Employee in accordance with any of the provisions of this Agreement unless the Employee shall have
been continuously employed by the Company or by one of its Subsidiaries from the Grant Date until the date the Performance Shares vest in accordance with the provisions set forth in the Performance Matrix. 
 4. Committee Discretion. The Committee, in its discretion, may accelerate the vesting of the balance, or some lesser portion of the balance, of
the Performance Shares at any time, subject to the terms of the Plan. If so accelerated, such Performance Shares will be considered as having vested as of the date specified by the Committee. 
 5. Payment after Vesting. Any Performance Shares that vest in accordance with paragraphs 3 or 4 will be paid to the Employee as soon as
practicable following the date of vesting, subject to paragraph 8. For each Performance Share that vests, the Employee will receive one Share. 
 6. Forfeiture. Notwithstanding any contrary provision of this Agreement, the balance of the Performance Shares that have not vested pursuant to paragraphs 3 or 4 at the time of the Employee’s termination of service (with or
without cause) will be forfeited and automatically transferred to and reacquired by the Company at no cost to the Company. 
 7. Death of
Employee. Any distribution of Shares that vested during Employee’s lifetime which is to be made to the Employee under this Agreement after the Employee is deceased shall be made to the administrator or executor of the Employee’s
estate. Any such administrator or executor must furnish the Company with (a) written notice of his or her status as transferee, and (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any
laws or regulations pertaining to said transfer. 
  

 A-1 

 8. Withholding of Taxes. When Shares are issued as payment for vested Performance Shares, the
Company (or the employing Subsidiary) will withhold a portion of the Shares that have an aggregate market value sufficient to pay federal, state, local and foreign income, social insurance, employment and any other applicable taxes required to be
withheld by the Company or the employing Subsidiary with respect to the Shares, unless the Company, in its sole discretion, either requires or otherwise permits the Employee to make alternate arrangements satisfactory to the Company for such
withholdings in advance of the arising of any withholding obligations. The number of Shares withheld pursuant to the prior sentence will be rounded up to the nearest whole Share, with no refund for any value of the Shares withheld in excess of the
tax obligation as a result of such rounding. Notwithstanding any contrary provision of this Agreement, no Shares will be issued unless and until satisfactory arrangements (as determined by the Company) have been made by the Employee with respect to
the payment of any income and other taxes which the Company determines must be withheld or collected with respect to such Shares. In addition and to the maximum extent permitted by law, the Company (or the employing Subsidiary) has the right to
retain without notice from salary or other amounts payable to the Employee, cash having a sufficient value to satisfy any tax withholding obligations that the Company determines cannot be satisfied through the withholding of otherwise deliverable
Shares. All income and other taxes related to the Performance Shares award and any Shares delivered in payment thereof are the sole responsibility of the Employee. By accepting this award, the Employee expressly consents to the withholding of Shares
and to any additional cash withholding as provided for in this paragraph 8. 
 9. Rights as Shareholder. Neither the Employee nor
any person claiming under or through the Employee will have any of the rights or privileges of a shareholder 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 Employee (including through electronic delivery to a brokerage account). After such issuance, recordation and
delivery, the Employee will have all the rights of a shareholder of the Company with respect to voting such Shares and receipt of dividends and distributions on such Shares. 
 10. No Effect on Employment. Subject to any employment contract with the Employee, the terms of such employment will be determined from time to
time by the Company, or the Subsidiary employing the Employee, as the case may be, and the Company, or the Subsidiary employing the Employee, as the case may be, will have the right, which is hereby expressly reserved, to terminate or change the
terms of the employment of the Employee at any time for any reason whatsoever, with or without good cause. The transactions contemplated hereunder and the vesting schedule set forth on the first page of this Agreement do not constitute an express or
implied promise of continued employment for any period of time. A leave of absence or an interruption in service (including an interruption during military service) authorized or acknowledged by the Company or the Subsidiary employing the Employee,
as the case may be, shall not be deemed a termination of service for the purposes of this Agreement. 
 11. Address for Notices. Any
notice to be given to the Company under the terms of this Agreement will be addressed to the Company, in care of its General Counsel, at 1195 NW Compton Drive, Beaverton, OR 97006-1992, or at such other address as the Company may hereafter designate
in writing. 
  

 A-2 

 12. Grant is Not Transferable. This grant of Performance Shares and the rights and privileges
conferred hereby may not be sold, pledged, assigned, hypothecated, transferred or disposed of in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process, until the Employee
has been issued Shares in payment of the Performance Shares. Upon any attempt to sell, pledge, assign, hypothecate, transfer or otherwise dispose of this grant, or 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 will become null and void. 
 13. Restrictions on Sale of Securities. The Shares issued as payment for vested Performance Shares under this Agreement will be registered under U.S. federal securities laws and will be freely tradable upon receipt. However, an
Employee’s subsequent sale of the Shares may be subject to 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. 
 14. Binding Agreement. Subject to the limitation on the transferability of this grant contained herein, this Agreement will be binding upon and
inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto. 
 15. Additional
Conditions to Issuance of Certificates for Shares. 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; (b) the completion of any registration or other qualification of such Shares under any U.S. 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; (c) the obtaining of any approval or other clearance from any U.S. state or federal
governmental agency, which the Committee shall, in its absolute discretion, determine to be necessary or advisable; and (d) the lapse of such reasonable period of time following the date of vesting of the Performance Shares as the Committee may
establish from time to time for reasons of administrative convenience. 
 16. Plan Governs. This Agreement is subject to all the terms
and provisions of the Plan. In the event of a conflict between one or more provisions of this Agreement and one or more provisions of the Plan, the provisions of the Plan will govern. 
 17. Committee Authority. The Compensation Committee of the Company’s Board of Directors (the “Committee”) will have the power to
interpret the Plan and this Agreement 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 Performance Shares have vested). All actions taken and all interpretations and determinations made by the Committee in good faith will be final and binding upon the Employee, the Company and all other interested persons. No
member of the Committee will be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or this Agreement. 
  

 A-3 

 18. Captions. Captions provided herein are for convenience only and are not to serve as a basis
for interpretation or construction of this Agreement. 
 19. Agreement Severable. In the event that any provision in this Agreement is
held invalid or unenforceable, such provision will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of this Agreement. 
 20. Modifications to the Agreement. This Agreement constitutes the entire understanding of the parties on the subjects covered. The Employee
expressly warrants that Employee is not accepting this Agreement in reliance on any promises, representations, or inducements other than those contained herein. Modifications to this Agreement can be made only in an express written contract executed
by a duly authorized officer of the Company. Notwithstanding anything to the contrary in the Plan or this Agreement, the Company reserves the right to revise this Agreement as it deems necessary or advisable, in its sole discretion and without the
consent of the Employee, to comply with Section 409A of the Code or to otherwise avoid imposition of any additional tax or income recognition under Section 409A of the Code prior to the actual payment of Shares pursuant to this award of
Performance Shares. 
 21. Adjustments Upon Changes in Capital. The aggregate number of Performance Shares covered by this Agreement
will be proportionally adjusted for any increase or decrease in the number of issued and outstanding Shares resulting from a stock split-up or consolidation of Shares or any like capital adjustments, or the payment of any stock dividend. 

22. Amendment, Suspension or Termination of the Plan. By accepting this Performance Shares award, the Employee expressly warrants that Employee
has received a right to receive stock under the Plan, and has received, read and understood a description of the Plan. The Employee understands that the Plan is discretionary in nature and may be amended, suspended or terminated by the Company at
any time. 
 23. Governing Law. This award of Performance Shares shall be governed by, and construed in accordance with, the laws of
the State of Oregon, without regard to principles of conflict of laws. 
  

 A-4Form for Resricted Stock Agreement

 Exhibit 10.6 
 PLANAR SYSTEMS, INC. 
 RESTRICTED STOCK AWARD AGREEMENT 
  

			
	TO: [Board Member Name]	  	Date of Grant: February 21, 2008

 We are pleased to inform you that the Compensation Committee (the “Committee”) of the
Board of Directors (the “Board”) of Planar Systems, Inc. (the “Company”) has approved an award of fourteen thousand three hundred and eighty (14,380) shares (the “Shares”) of the Company’s common stock. This
award (the “Award”) is subject to the following terms and conditions. 
 VESTING. The Shares will vest on the first anniversary of
this Agreement and will become deliverable to you on the first anniversary of this agreement. The Shares subject to this Agreement may not be sold, assigned, transferred, pledged or otherwise encumbered (either voluntarily or by operation of law)
until the Shares are vested and delivered to you. After the Shares are vested and delivered to you, you shall become for all purposes the owner of the Shares subject to any further restrictions, including restrictions on sale, otherwise imposed by
this Agreement. Notwithstanding any other provision of this Agreement, the Committee may at any time, in its sole discretion, accelerate the date of vesting and delivery of all or a portion of the Shares subject to this Award. 
 VOTING RIGHTS. You will be entitled to vote the Shares before the Shares have vested and been delivered to you to the same extent as would have been
applicable had the Shares been delivered to you; provided, however, that you will not be entitled to vote the Shares with respect to record dates for such voting rights arising prior to the Date of Grant, or with respect to record dates occurring on
or after your Date of Termination (as defined below). 
 DEPOSIT OF SHARES. Shares shall be issued you as soon as practicable after the Date
of Grant via Book Entry made by The Company’s designated stock transfer agent. The stock transfer agent will hold Shares in Book Entry form until the possibility of forfeiture has lapsed. Certificates for Shares shall then be issued in your
name and delivered to the registered owner as soon as practicable. If forfeiture occurs, the Book Entry covering the forfeited shares shall be promptly canceled by the Company via written instruction to the transfer agent without additional
authorization from you. Subject to the limitations described herein, while the transfer agent holds the shares in Book Entry form, you may exercise voting and other shareholder rights. 
 TERMINATION. If your service as a member of the Board of Directors of the Company ceases for any reason, including death or disability (the “Date of
Termination”), then this Award shall immediately expire and no additional Shares shall be vested or delivered to you pursuant to this Award and you shall forfeit all Shares that are not vested as of the Date of Termination. Your Date of
Termination for purposes of this Agreement shall be determined by the Committee, which determination shall be final. 
  

 1 – RESTRICTED STOCK AWARD AGREEMENT 

 TRANSFER RESTRICTIONS APPLICABLE TO SHARES. Shares will not be sold, transferred, assigned, encumbered or
otherwise disposed of until the earlier to occur of (1) February 21, 2011 or (2) your Date of Termination. 
 TRANSFERABILITY
OF AWARD. This Award and the rights and privileges conferred hereby may not be sold, transferred, assigned, pledged, encumbered or hypothecated in any manner (whether by operation of law or otherwise) and any such attempted action shall be null and
void. The terms of this Agreement shall be binding upon your executors, administrators, heirs, successors and assigns. Notwithstanding the foregoing, to the extent permitted by applicable law and regulation, the Company, in its sole discretion, may
permit you to transfer this Award and the rights and privileges conferred hereby. 
 CONTINUATION OF RELATIONSHIP. Nothing in this Award will
confer upon you any right to continue in the service of the Company, or to interfere in any way with the right of the Company to terminate your relationship with the Company. 
 DIVIDENDS. The Company shall retain cash or stock dividends declared on the Shares, if any, prior to vesting for your account. Cash dividends paid with
respect to Shares will be paid to you in a lump sum upon the vesting of such Shares, subject to any applicable tax withholding requirements. Stock received upon payment of stock dividends shall be issued via Book Entry made by the Company’s
designated stock transfer agent, and will be held in Book Entry form until the possibility of forfeiture with respect to the relevant Shares has lapsed. You shall have no right to receive retained cash or stock dividends with respect to Shares that
do not vest or are otherwise forfeited. 
 SECURITIES LAW COMPLIANCE. Notwithstanding any other provision of this Award, you may not sell any
Shares unless they are registered under the Securities Act of 1933, as amended (the “Securities Act”), or, if such Shares are not then so registered, The Company has determined that such sale would be exempt from the registration
requirements of the Securities Act. The sale of the Shares must also comply with other applicable laws and regulations governing the Shares, and you may not sell the Shares if the Company determines that such sale would not be in material compliance
with such laws and regulations. 
 STOP TRANSFER INSTRUCTIONS. You understand and agree that, in order to ensure compliance with the
restrictions referred to in this Award, the Company may issue appropriate “stop-transfer” instructions to its transfer agent, if any, and that, if the Company transfers its own securities, it may make appropriate notations to the same
effect in its own records. The Company will not be required to (a) transfer on its books any Shares that have been sold or transferred in violation of the provisions of the terms of this Award or (b) treat as the owner of the Shares, or
otherwise accord voting, dividend or liquidation rights to, any transferee to whom the Shares have been transferred in contravention of the terms of this Award. 
 SECTION 83(b) ELECTION FOR SHARES. You understand that under Section 83(a) of the Internal Revenue Code (the “Code”), the excess of the Fair Market Value of the Shares on the date the forfeiture
restrictions lapse over the purchase price, if any, paid for such Shares will be taxed, on the date such forfeiture restrictions lapse, as ordinary income subject to payroll and 

  

 2 – RESTRICTED STOCK AWARD AGREEMENT 

 
withholding tax and tax reporting, as applicable. For this purpose, the term “forfeiture restrictions” means the right of the Company to receive
back any unvested Shares upon termination of your relationship with the Company. You understand that you may elect under Section 83(b) of the Code to be taxed at the time the Shares are acquired, rather than when and as the Shares cease to be
subject to the forfeiture restrictions. Such election (an “83(b) Election”) must be filed with the Internal Revenue Service within 30 days from the Date of Grant of the Award of Shares as set forth above. 
 You understand that (a) you will not be entitled to a deduction for any ordinary income previously recognized as a result of the 83(b) Election if the Shares are
subsequently forfeited to the Company and (b) the 83(b) Election may cause you to recognize more ordinary income than you would have otherwise recognized if the value of the Shares subsequently declines. 
 THE FORM FOR MAKING AN 83(b) ELECTION IS ATTACHED TO THIS AGREEMENT AS EXHIBIT A. YOU UNDERSTAND THAT FAILURE TO FILE SUCH AN ELECTION WITHIN THE 30-DAY PERIOD
MAY RESULT IN THE RECOGNITION OF ORDINARY INCOME BY YOU AS THE FORFEITURE RESTRICTIONS LAPSE. You further understand that an additional copy of such election form should be filed with your federal income tax return for the calendar year in which the
date of this Award falls. You acknowledge that the foregoing is only a summary of the federal income tax laws that apply to the purchase of the Shares under this Award and does not purport to be complete. 
 YOU FURTHER ACKNOWLEDGE THAT THE COMPANY HAS DIRECTED YOU TO SEEK INDEPENDENT ADVICE REGARDING THE APPLICABLE PROVISIONS OF THE CODE AND THE INCOME TAX LAWS OF ANY
MUNICIPALITY OR STATE IN WHICH YOU MAY RESIDE. 
 You agree that to deliver to the Company a copy of the 83(b) Election attached hereto as
Exhibit A if you choose to make such an election. 
 INDEPENDENT TAX ADVICE. You acknowledge that determining the actual tax
consequences to you of receiving or disposing of the Shares may be complicated. These tax consequences will depend, in part, on your specific situation and may also depend on the resolution of currently uncertain tax law and other variables not
within the control of the Company. You are aware that you should consult a competent and independent tax advisor for a full understanding of the specific tax consequences to you of receiving or disposing of the Shares. Prior to executing this Award,
you have either has consulted with a competent tax advisor independent of the Company to obtain tax advice concerning the Shares in light of your specific situation or has had the opportunity to consult with such a tax advisor but chose not to do
so. 
 DETERMINATION OF COMMITTEE TO BE FINAL. The administration of this Award and all determinations referred to herein or otherwise will
be made by the Committee, and such determinations will be final, binding and conclusive. You acknowledge that the Committee has determined you may not have Shares withheld from issuance as a means of satisfying any tax obligation you may have in
connection with this Award. 
  

 3 – RESTRICTED STOCK AWARD AGREEMENT 

 ADJUSTMENTS UPON CHANGES IN CAPITAL. The aggregate number of Shares covered by this Award will be
proportionally adjusted for any increase or decrease in the number of issued and outstanding Shares resulting from a stock split-up or consolidation of Shares or any like capital adjustments, or the payment of any stock dividend. 
 Please execute the Agreement in the space below and return it to the undersigned. 
  

							
		 		 	Very truly yours,
			
		 		 	PLANAR SYSTEMS, INC.
				
		 		 	By:	 	  

		 		 		 	Gerald Perkel
		 		 		 	President and Chief Executive Officer
				
	AGREED AND ACCEPTED:	 		 		 	
				
	  
	 		 		 	
				
	Date:                     	 		 		 	

  

 4 – RESTRICTED STOCK AWARD AGREEMENT 

 EXHIBIT A 
 ELECTION UNDER SECTION 83(b) OF THE INTERNAL REVENUE CODE OF 1986 
 The undersigned taxpayer hereby elects,
pursuant to Section 83(b) of the Internal Revenue Code, to include in taxpayer’s gross income for the current taxable year the amount of any compensation taxable to taxpayer in connection with taxpayer’s receipt of the property
described below: 
  

	1.	The name, address, taxpayer identification number and taxable year of the undersigned are as follows: 

  

	
	        NAME OF
TAXPAYER:                                      
                                        
                                   
	
	        ADDRESS:                             
                                        
                                        
                              
	
	                                      
                                        
                                        
                                        
        
	
	        IDENTIFICATION NO. OF
TAXPAYER:                                      
                                         

	
	        TAXABLE
YEAR:                                       
                                        
                                        
     

  

	2.	The property with respect to which the election is made is described as follows:              shares of the common
stock of Planar Systems, Inc., an Oregon corporation (the “Company”). 

  

	3.	The date on which the property was transferred is:                    .

  

	4.	The property is subject to the following restrictions: 

 The property is subject to a right pursuant to which taxpayer forfeits the rights in and to the shares of common stock if for any reason taxpayer’s service with the Company is terminated prior to three years from the date on which the
property was transferred. The forfeiture right lapses in a series of equal annual installments over a three-year period ending on
                    . 
  

	5.	The aggregate fair market value at the time of transfer, determined without regard to any restriction other than a restriction which by its terms will never lapse, of such property
is:                     . 

  

	6.	The amount (if any) paid for such property is: $0 

 The
undersigned has submitted a copy of this statement to the person for whom the services were performed in connection with the undersigned’s receipt of the above-described property. The undersigned is the person performing the services in
connection with the transfer of said property. 
  

 5 – RESTRICTED STOCK AWARD AGREEMENT 

 The undersigned understands that the foregoing election may not be revoked except with the consent of
the Commissioner. 
  

							
	Dated:	 	  
	 		 	  

		 		 		 	[Board Member Name]

  

 6 – RESTRICTED STOCK AWARD AGREEMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}]]