Document:

EX-10.77

 Exhibit 10.77 

 
 

 
 Stock Appreciation Right Award Agreement 

[Participant Name] 
 It is my pleasure to inform
you that you are hereby granted an award of Stock Appreciation Rights (“SARs”) subject to the terms and conditions of this Award Agreement, the applicable Long-Term Incentive Award Overview (“Overview”), and the terms of the
Fifth Third Bancorp 2017 Incentive Compensation Plan (the “Plan”) (collectively, the Award Agreement, Overview, and Plan shall be referred to herein as the “Award Terms”): 

 

			
	Date of Grant	 	[Grant Date]
	Total Number of SARs Granted	 	[Number of Shares Granted]
	Grant Date Price per Share of Stock	 	[Grant Price]
	Expiration Date	 	[Expiration Date]
	Performance Goals	 	Adjusted Return on Tangible Common Equity (ROTCE), Annual Risk Performance Evaluation rating of “Achieves” or above

  
  

 
 These Stock Appreciation Rights will vest in three equal annual
installments on the first, second, and third anniversaries of the Grant Date (“Anniversary Date(s)”) subject to achievement of Performance Goals. The number of Stock Appreciation Rights earned as part of this Award on each applicable
Anniversary Date, if any, will be determined following the end of the fiscal year ended immediately prior to such Anniversary Date based upon the Performance Goals achieved. Details regarding the Performance Goals and their impact on forfeiture of
Stock Appreciation Rights are contained in the Overview. 
 Upon exercise, you will be entitled to a payment in the form of Fifth Third
shares of stock with a fair market value equal to the fair market value of a share of Fifth Third stock at the date of exercise in excess of the Grant Date price per share of stock, multiplied by the number of SARs exercised. 

Separation of employment impacts the vesting and earning of this Award. For details on the impact of employment separations, including the
definition of Retirement applicable to this Award, please review the Award Terms. Please note, if you should voluntarily leave the Company at any point during the life of this Award, you will have 90 days from your termination date to exercise any
vested rights that have accumulated. 
 Any bonus, commission, compensation, or awards granted to you under the Plan is subject to recovery,
or “clawback” by the Company in such amount and with respect to such time period as the Committee shall determine to be required by policy, applicable law, rules, or regulations if the payments were based on materially inaccurate financial
statements or any other materially inaccurate performance metric criteria, or as otherwise required by law. In addition, all executive compensation plans and awards are automatically amended as necessary to comply with the requirements and/or
limitations under any other laws, rules, regulations, or regulatory agreements up to and including a revocation of this Award. 
 Acceptance
of this Award confirms your agreement to the Award Terms, copies of which were delivered with this Award Agreement, including the Confidential Information and Non-Solicitation Agreement located on the
following pages. In the event of any conflict between the terms of this Award Agreement and the Plan, the terms of the Plan shall control. In addition, you confirm that you have received, or have access to, the 2017 Incentive Compensation Plan
Prospectus. 
 This Award will expire by its own terms unless accepted within 60 days. 

For Fifth Third Bancorp: 
  

									
	 

  
	 	
                          
  
 
	 	 

                    
	 	 [Grant Date]

 
	 	 

                        
            

	Greg D. Carmichael	 		 		 		 	
	Chairman, President & Chief Executive Officer	 		 		 		 	

 [Acceptance Date] 

[Participant Name] 
 This document constitutes part of
a prospectus covering securities that have been registered under the Securities Act of 1933, as amended. 

 CONFIDENTIAL INFORMATION AND NON-SOLICITATION
AGREEMENT 
 This Confidential Information and Non-Solicitation Agreement
(“Agreement”) is made by and between Fifth Third Bancorp (which includes its subsidiaries and/or affiliated entities, hereinafter collectively referred to as “the Company”) and the undersigned Employee. 

RECITALS 
  

	 	A.	 The Company is a diversified financial services company that operates four main businesses - Commercial
Banking, Branch Banking, Consumer Lending, and Investment Advisors; 

  

	 	B.	 The Company has informed Employee herein that the execution of this Agreement, being in the best interests of
the Company, is a condition of employment of the Employee or, in the case of an existing employee, to the continued employment of the Employee by the Company; and 

 

	 	C.	 The Company has informed Employee herein that the execution of this Agreement is a condition of the receipt of
any Long-Term Incentive Award issued under the Fifth Third Bancorp 2017 Incentive Compensation Plan, 

 NOW, THEREFORE, in
consideration of the Recitals and the mutual covenants contained herein, it is mutually agreed as follows: 
 AGREEMENT 

SECTION 1.    COVENANT NOT TO USE CONFIDENTIAL INFORMATION 

 

	 	A.	 As a necessary function of Employee’s employment with the Company, Employee will have access to, use,
receive, and otherwise acquire various kinds of customer, business, and technical information relating to the Company’s business that is of a confidential nature to the Company, whether or not such information is specifically labeled as
“confidential”. Employee agrees that such confidential information includes, for example, the following: 

Current, prospective and former customer names and information, including but not limited to contact, financial and account information;
product information; compensation plans and arrangements, including incentive compensation plans; performance specifications; pricing, profit margin, and other financial information; product specifications; vendor information; Company training,
reference and/or educational materials; Company forecasts/plans/pipelines; objectives and strategies; quality control and/or compliance standards; business referrals, suppliers, and customer lists; unpublished works of any nature whether or not
copyrightable; business plans; Company research and/or development materials relating to the Company’s business; information contained in pending patent applications; inventions, technical improvements, and ideas; and all other information and
knowledge in whatever form used or useful in management, marketing, purchasing, finance, or operations of the Company’s business and any compilation of such information and all other similar information used by the Company that is not available
to those outside of the Company (hereinafter collectively referred to as “Confidential Information”) 
  

	 	B.	 Employee also understands that he or she will occupy a position of confidence and trust with respect to the
Company’s Confidential Information during his or her employment. Employee acknowledges and agrees that such Confidential Information is not generally known outside of the Company, that the Company has taken measures to guard the secrecy of its
Confidential Information, that such information is extremely valuable and an essential asset of the Company’s business, and that such information, if disclosed without authorization to a third party or used by Employee for purposes other than
conducting the Company business would cause irreparable harm to the Company and/or its customers. 

  

	 	C.	 Employee further agrees that, during Employee’s employment with the Company and following his or her
termination for whatever reason, Employee will not disclose or use, directly or indirectly, or authorize or permit anyone under his or her direction to disclose to anyone, any Confidential Information of the Company that he or she obtains during the
course of his or her employment relating to or otherwise concerning the business of the Company, whether or not acquired, originated, or developed in whole or in part by Employee. 

 

	 	D.	 The obligations set forth herein shall not apply to any trade secrets or Confidential Information that has
become generally known to competitors of the Company through no act or omission of Employee, nor shall the obligations set forth herein apply to disclosures made pursuant to the Sarbanes-Oxley Act of 2002. However, Employee agrees that after
termination of employment he or she will not compile pieces of information from several sources and assemble them together in any manner in an attempt to circumvent a violation of his or her confidentiality obligations to the Company or attempt to
demonstrate thereby that any of the Confidential Information is in the public domain. 

  

	 	E.	 Under the federal Defend Trade Secrets Act of 2016, Employee shall not be held criminally or civilly liable
under any federal or state trade secret law for the disclosure of a trade secret that: (a) is made (i) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney; and (ii) solely
for the purpose of reporting or investigating a suspected violation of law; or (b) is made to Employee’s attorney in relation to a lawsuit for retaliation against Employee for reporting a suspected violation of law; or (c) is made in
a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. 

  

	 	F.	 Employee understands that nothing contained in this Plan limits Employee’s ability to file a charge or
complaint with the Equal Employment Opportunity Commission, the National Labor Relations Board, the Occupational Safety and Health Administration, the Securities and Exchange Commission or any other federal, state or local governmental agency or
commission (“Government Agencies”). Employee further understands that this Plan does not limit Employee’s ability to communicate with any Government Agencies or otherwise participate in any investigation or proceeding that may be
conducted by any Government Agency, including providing documents or other information, without notice to the Company. 

 SECTION
II.    COVENANT PROHIBITING COMPETITION AND SOLICITATION OF CUSTOMERS 
 Confidential Information of the Company
gained by Employee during employment is developed by the Company through substantial expenditures of time, effort, and financial resources, and constitutes valuable and unique property of the Company. Employee acknowledges, understands, and agrees
that the foregoing makes it necessary for the protection of the Company’s business that Employee does not divert business of the Company’s customers from the Company and that he or she maintain the confidentiality and integrity of
Confidential Information. Therefore, Employee agrees that during his or her employment and for a period of one (1) year thereafter he or she will not: 
  

	 	A.	 Enter into an ownership, consulting or employment arrangement with, or render services for, any individual or
entity rendering services or handling products competitive with the Company in any geographic region or territory in which Employee worked or for which Employee had responsibility during the twenty-four (24) month period preceding
Employee’s departure from the Company; provided however, if Employee’s employment terminates by reason of Retirement as defined in the Long Term Incentive Award Overview, the Company consents to Employee becoming an employee or director
of, or a consultant to or advisor to, another financial institution, so long as Employee complies with any applicable agreements containing covenants pertaining to confidential information or prohibiting solicitation of customers or employees,
including the terms of this Agreement. 

	 	B.	 Directly or indirectly solicit, divert, entice or take away any customers, business or prospective business
with whom he or she had contact, involvement or responsibility during his or her employment with the Company, or attempt to do so for the sale of any product or service that competes with a product or service offered by the Company;

  

	 	C.	 Directly or indirectly solicit, divert, entice or take away any potential customer identified, selected or
targeted by the Company with whom he or she had contact, involvement or responsibility during his or her employment with the Company, or attempt to do so for the sale of any product or service that competes with a product or service offered by the
Company; or 

  

	 	D.	 Accept or provide assistance in the accepting of (including, but not limited to, providing any service,
information or assistance or other facilitation or other involvement) business or orders from customers or any potential customers of the Company with whom he or she has had contact, involvement, or responsibility on behalf of any third party or
otherwise for his or her own benefit. 

 Nothing contained in this Section shall preclude Employee from accepting
employment with or creating his or her own company, firm, or business that competes with the Company so long as his or her activities do not violate any of the terms of this Agreement.     

SECTION III.    COVENANT NOT TO SOLICIT EMPLOYEES 

Employee agrees that during his or her employment with the Company and for a period of one (1) year thereafter, he or she will not
directly or indirectly, recruit, hire or attempt to recruit or hire, directly or by assisting others, any other employee of Fifth Third, nor encourage any such employee to leave the employment of Fifth Third. Among other things, this paragraph means
that Participant agrees not to engage in discussions with any officer, manager, employee, or independent contractor of Fifth Third in an attempt to induce or encourage the individual to end his or her relationship with Fifth Third, not to share any
Fifth Third officer, manager, employee, or independent contractor’s name or contact information with any other person or entity so that the person or entity can speak to Fifth Third’s officer, manager, employee, or independent contractor
about potentially leaving Fifth Third, and not to participate in any interviewing or hiring of a Fifth Third officer, manager, employee, or independent contractor.. 

SECTION V.    OTHER PROVISIONS 
  

	 	A.	 Extension In The Event Of Breach: Any breach by Employee of any of the restrictions contained in
Sections II -IV of this Agreement may be escalated to the Fifth Third Bancorp Human Capital and Compensation Committee to exercise its discretion to forfeit unvested awards and shall extend the term of this
Agreement by the period of the breach. The commitments made in this Agreement will survive termination of employment with the Company. 

  

	 	B.	 Governing Law: This Agreement and all the rights, duties and remedies of the parties hereunder shall be
governed by the laws of the state of Ohio. The Company shall have the right to specifically enforce the covenants contained in this Agreement, in addition to any other legal, equitable (including specifically, but not limited to temporary
restraining orders or preliminary or permanent injunctive relief) or other remedies as may be available to the Company for Employee’s breach of any such covenants. 

 

	 	C.	 Severability: If any provision of this Agreement is declared invalid or unenforceable, such provision
shall be deemed modified to the extent necessary and possible to render it valid and enforceable. 

  

	 	D.	 Waiver/Modification: No waiver or modification of this Agreement will be valid unless in writing and
duly executed by the party against whom enforcement is sought. Failure of the Company to enforce any provision of this Agreement shall not be construed as a waiver of such provision or of the right of the Company thereafter to enforce each and every
provision. 

  

	 	E.	 At-Will Nature of Employment: Employee understands that nothing
in this Agreement requires him or her to continue employment with the Company for any particular length of time or requires that the Company continue to employ Employee for any particular length of time. 

 

	 	F.	 Successors/Assigns: The terms and provisions of this Agreement shall be binding on and inure to the
benefit of the successors and assigns of the Company (including but not limited to any corporate successor of The Company) and Employee’s heirs, executors and personal representatives. As part of this provision, Employee understands and agrees
that should Employee become employed by another entity owned or otherwise affiliated with Fifth Third Bancorp (such as its subsidiaries, divisions or unincorporated affiliates), the obligations of this Agreement follow Employee to such other entity
automatically and without further action, and that entity becomes the “Company” within the meaning of this Agreement. 

  

	 	G.	 Obligation to Comply With Other Laws: The duties Employee owes the Company under this Agreement shall be
deemed to include federal, state and common law obligations of employees to their employers. This Agreement is intended, amongst other things, to supplement the provisions of state trade secret law and duties Employee owes the Company under common
law, including but not limited to the duty of loyalty, and does not in any way supersede any of the obligations or duties Employee otherwise owe the Company. 

  

	 	H.	 Obligation to Comply With Other Agreements: This Agreement is in addition to and not in lieu of other non-solicitation, non-disclosure, and non-competition obligations Employee may owe to the Company. 

 

	 	I.	 Attorney’s Fees: If the Company must enforce any of its rights under this Agreement through legal
proceedings, Employee agrees to reimburse the Company for all reasonable costs, expenses, and attorney’s fees incurred by it in connection with the enforcement of its rights. 

 

	 	J.	 Injunctive Relief: Employee acknowledges that should Employee violate any of the provisions of this
Agreement, the Company will suffer irreparable harm and not have adequate an adequate remedy at law. Accordingly, Employee agrees that the Company may seek injunctive relief to restrain any such violation, as well as equitable relief, in a court of
competent jurisdiction. 

  

	 	K.	 Counterparts: This Agreement may be signed in counterparts. 

THE PARTIES HERETO ACKNOWLEDGE THAT THEY HAVE READ THIS AGREEMENT, UNDERSTAND IT, AND AGREE TO BE BOUND BY ITS TERMS. They further acknowledge that they
have exercised due diligence in reviewing this Agreement, and that each has had adequate opportunity to consult with legal counsel or other advisors to the extent that each deemed such consultation necessary.Exhibit 10.1

 

OPTION TERMINATION AGREEMENT

This OPTION TERMINATION
AGREEMENT (this “Agreement”) is made and entered into as of February 27, 2019 (the “Effective Date”),
by and between GlobalSCAPE, Inc., a Delaware corporation (the “Company”), and James W. Albrecht, Jr. (the “Option
Holder”).

WHEREAS, the Company
has previously granted to the Option Holder, pursuant to the Company’s 2010 Employee Long-Term Equity Incentive Plan and
the Company’s 2016 Employee Long-Term Equity Incentive Plan, as applicable (the “Plans”), options (the
 “Options”) to purchase an aggregate of 425,000 shares of common stock of the Company, par value $0.001 per share
(the “Common Stock”), which Options are evidenced by the stock option agreements identified on Exhibit A
hereto (collectively, the “Option Agreements”) and of which 325,000 shares are fully vested as of the Effective
Date;

WHEREAS, the Company
and the Option Holder had previously entered into that certain Consulting Agreement, dated March 3, 2018, pursuant to which the
period during which the Option Holder may exercise certain Options outstanding and vested as of March 2, 2018 extended until May
31, 2019;

WHEREAS, the Company
and the Option Holder wish to enter into this Agreement to terminate the Options and Option Agreements in exchange for payment
to the Option Holder pursuant to the terms and conditions set forth herein;

NOW, THEREFORE,
for and in consideration of the premises, the mutual promises and the agreements contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Option Holder and the Company hereby agree as
follows:

1.                 
Termination of Options; Waiver of Notice. Effective as of the Effective Date, the Option Holder hereby relinquishes
all of his right, title and interest in and to all of the Options, and all of his rights to now or hereafter purchase or acquire
any shares of Common Stock pursuant to the Option Agreements, and all Options and corresponding Option Agreements shall each be
deemed to be automatically and irrevocably cancelled, terminated, null and void as of the Effective Date. The Option Holder hereby
waives any notice rights under the Plans and any Option Agreements previously entered into between the Company and the Option Holder.
The Option Holder agrees that any Option Agreements are terminated as of the Effective Date with no further liability or obligation
on the part of the Company or the Option Holder thereunder, except as provided in this Agreement.

2.                 
Payment of Option Termination Amount. In consideration of the termination of the Options as contemplated by
Section 1 and the waiver and other acknowledgements in this Agreement, as of the Effective Date, the Option Holder will be entitled
to receive a lump sum payment equal to $548,500, payable by automated clearing house transfer of immediately available funds to
the bank account designated by the Option Holder on Exhibit B hereto within one (1) business day following Effective Date
(subject to all applicable local, state, foreign and federal taxes required to be withheld), subject to delivery of this Agreement,
duly executed by the Option Holder, to the Company.

     

     

    

3.                 
Withholding and Tax Matters. The parties agree and acknowledge that the Option Holder is responsible for payment
of all taxes legally imposed upon the Option Holder in connection with the cancellation of the Options and the payment contemplated
by Section 2, and the Company shall not have any liability to the Option Holder or any other party with respect to any such taxes.
The payment contemplated by Section 2 is subject to applicable tax and other withholdings required by law. Accordingly, in making
the payment contemplated by Section 2, the Company will withhold such amounts as set forth in Exhibit C. and will pay such withheld
amounts to the applicable taxing authorities on behalf of Option Holder. The Option Holder hereby acknowledges that no representations
have been made with respect to the tax treatment of any consideration that may be received pursuant to the terms of this Agreement.
The Company will issue to the Option Holder a Form W-2 by January 31, 2020, that reflects the gross amount of the payment contemplated
by Section 2 and amounts withheld for taxes pursuant to this Section 3.

4.                 
Surrender of Option Agreements. Contemporaneously with the execution and delivery of this Agreement, the Option
Holder is delivering to the Company all copies of the originally executed Option Agreements, if any, in the possession of the Option
Holder. At or after the Effective Date, each original copy of such Option Agreements shall be marked “Cancelled” by
the Company.

5.                 
Representations, Warranties and Covenants of the Option Holder. The Option Holder represents, warrants and
covenants as follows:

5.1.           
The Option Holder has full power and authority to enter into, execute, deliver and perform the Option Holder’s obligations
under this Agreement, to make the representations, warranties and covenants herein contained and to perform the Option Holder’s
obligations hereunder and thereunder. Neither the execution or delivery of this Agreement nor the release set forth in Section
5 hereto, nor the consummation of the transactions contemplated hereby, will violate any agreement, law, judgment, order, decree,
ruling, charge or other restriction of any government, governmental agency or court to which the Option Holder is subject.

5.2.           
The Option Holder owns the Options free and clear of any security interests, liens, pledges, claims, options, charges or
other encumbrances and has not assigned, transferred or conveyed any right, title or interest in or to any of the Options nor has
the Option Holder exercised or purported to exercise any of the Options.

5.3.           
The Option Holder hereby acknowledges the following:  (i) the Company and its representatives have material, non-public
information relating to the Company, including current information relating to the Company’s results of operations, plans,
prospects, and liquidity; (ii) any non-public information may impact the value of the Common Stock; (iii) Option Holder has not
requested and does not wish to receive any non-public information from the Company or its representatives; (iv) as a consequence
of the foregoing, there may exist a disparity of information between the Option Holder and the Company and its representatives
with respect to the Common Stock and the Company; and (v) notwithstanding any such disparity of information, the Option Holder
has determined to enter into this Agreement and terminate the Options.

     

     

    

6.                 
Form W-9 or Form W-8BEN. Concurrently with the execution and delivery of this Agreement, the Option Holder
is delivering to the Company a completed Form W-9 or Form W-8BEN, as applicable.

7.                 
Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed
and delivered shall be deemed to be an original and all of which taken together shall constitute the same agreement. Delivery by
facsimile, electronic mail or other electronic transmission of an executed counterpart of a signature page to this Agreement shall
be effective as delivery of a manually executed counterpart of this Agreement.

8.                 
Severability. If any provision of this Agreement or in any document referred to herein shall be determined
to be illegal, void or unenforceable, all other provisions of this Agreement or in any other document referred to herein shall
not be affected and shall remain in full force and effect.

9.                 
Applicable Law. This Agreement shall be interpreted and enforced in accordance with, and governed by, the
laws of Delaware without regard to any conflicts of laws provisions or principles thereof that would apply the laws of another
jurisdiction. THE OPTION HOLDER HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT THE OPTION HOLDER MAY
HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).

10.             
Company Representation. The Company has full power and authority to enter into, execute, deliver and perform
the Company’s obligations under this Agreement. Neither the execution or delivery of this Agreement nor the consummation
of the transactions contemplated hereby, will violate any agreement, law, judgment, order, decree, ruling, charge or other restriction
of any government, governmental agency or court to which the Company is subject. The Company represents that it has not made available
or disclosed to Option Holder, either verbally or in writing, any material, non-public information related to the Company as of
the Effective Date.

11.             
Miscellaneous. This Agreement embodies the entire agreement and understanding between the parties hereto with
respect to the subject matter hereof and supersedes all prior oral or written agreements and understandings relating to the subject
matter hereof. No statement, representation, warranty, covenant or agreement of any kind not expressly set forth in this Agreement
shall affect, or be used to interpret, change or restrict, the express terms and provisions of this Agreement. The terms and provisions
of this Agreement may be modified or amended only by written agreement executed by both parties hereto.

[Remainder of Page Intentionally Left
Blank]

 

     

     

    

IN WITNESS WHEREOF,
each of the parties hereto has caused this Option Termination Agreement to be executed on its behalf as of the day and year first
above written.

	 	
        THE COMPANY:

         

        GLOBALSCAPE, INC.

	 	 
	 	By:	
   

	 	 	Name:	 
	 	 	Title:	 

 

	 	THE OPTION HOLDER:
	 	 
	 	By:	
   

	 	 	James W. Albrecht, Jr.

 

     

     

    

Exhibit A

Options & Options Agreements

 

	Agreement	Date of Grant	Exercise Price	Number of Options Granted	Number of Vested and Outstanding Options
	Non-Qualified Stock Option Agreement	7/10/2012	$2.10	150,000	150,000
	Non-Qualified Stock Option Agreement	2/9/2015	$3.20	75,000	75,000
	Incentive Stock Option Agreement	2/1/2016	$3.52	85,227	56,818
	Non-Qualified Stock Option Agreement	2/1/2016	$3.52	14,773	9,849
	Incentive Stock Option Agreement	2/8/2017	$3.73	26,809	8,936
	Non-Qualified Stock Option Agreement	2/8/2017	$3.73	73,191	24,397
	Total	 	 	425,000	325,000

 

     

     

    

Exhibit B

 

Option Holder ACH Instructions

 

 

Bank:

ABA #

Account Name: James W. Albrecht, Jr.

Account No.:

 

 

 

 

 

     

     

    

Exhibit C

 

Taxes Withheld

 

 

 

 

	 	FIT	$200,679.46	 
	 	Medicare	$11,089.75	 
	 	Social Security	$8,239.80

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