Document:

EX-10.6

 

Exhibit 10.6

Restricted Stock Award Notice and Agreement

	 	 	 	 	 	 	 
	Bob Evans Farms, Inc.

ID: 31-4421866	 	Grantee: 	 	Award Number: 
	3776 South High Street

Columbus, OH 43207

	 	 	 	Plan:
	 	First Amended and
Restated 1993 Long Term
Incentive Plan for
Managers
	 

	 	 	 	ID:
	 	 

Effective      , you have been granted a Restricted Stock Award to acquire «M___SHARES»
shares of common stock, par value $0.01 per share, of Bob Evans Farms, Inc. You will
not receive the common stock subject to this restricted Stock Award unless and until the
applicable vesting conditions are satisfied. These vesting conditions and the other
terms of this Restricted Stock Award are explained on the reverse side of this document.

The current total value of this Restricted Stock Award is $«TOTAL_VALUE», based on the
closing price of the Company’s common stock on the NASDAQ National Market System
on                , $«SHARE_PRICE». The value of this Restricted Stock Award will fluctuate with the value
of the Company’s common stock.

	 	 	 	 	 
	 	 	BOB EVANS FARMS, INC.

	 

	 	By:
	 	 
	 

	 	 	 	[Name]

[Title]

Date: 

This Restricted Stock Award Notice and Agreement is not a stock certificate or a negotiable
instrument. The Restricted Stock represented by this Restricted Stock Award Notice and Agreement
cannot be transferred, pledged, assigned or otherwise encumbered until the vesting requirements
discussed on the reverse side are satisfied.

By your receipt of this Restricted Stock Award Notice and Agreement you and the Company agree that
this Restricted Stock Award is granted under and governed by the terms and conditions of the
Company’s 1993 Long Term Incentive Plan for Managers, including the terms and conditions set forth
on the reverse side of this Restricted Stock Award Notice and Agreement.

Section 409A of the Internal Revenue Code (“Section 409A”) imposes substantial penalties on persons
who receive some forms of deferred compensation. Your Restricted Stock Award has been designed to
avoid these penalties. However, because the Internal Revenue Service has not yet issued rules
fully defining the effect of Section 409A, it may be necessary to revise your Restricted Stock
Award Notice and Agreement if you are to avoid these penalties. By accepting this Restricted Stock
Award, you agree to accept those revisions, without any further consideration, even if those
revisions change the terms of your Restricted Stock Award and reduce its value or potential value.

 

 

Bob Evans Farms, Inc.

First Amended and Restated

1993 Long Term Incentive Plan for Managers

Restricted Stock Award Notice and Agreement

Bob Evans Farms, Inc. (the “Company”) is pleased to inform you that you have been granted a
“Restricted Stock Award.” Your Restricted Stock Award has been made under the Bob Evans Farms,
Inc. First Amended and Restated 1993 Long Term Incentive Plan for Managers (the “Plan”), which,
together with this Restricted Stock Award Notice and Agreement (“Agreement”), sets forth the terms
and conditions of your Restricted Stock Award and is incorporated by reference into this Agreement.
A prospectus describing the Plan in more detail has been delivered to you. Copies of the Plan and
the prospectus are also available through our Compensation Department. The Plan and the prospectus
contain important information and we urge you to review them carefully.

Purpose of the Plan:

The Company has developed the Plan to attract outstanding mid-level managers and to provide
additional incentive compensation to them, in the form of equity ownership, based on attaining
growth in the Company’s consolidated net income. Restricted Stock Awards are only made under the
Plan if the Company’s “Actual Performance Level” (as defined in the Plan) exceeds a “Threshold
Performance Level” (as defined in the Plan) established each year by the Company’s Compensation
Committee.

What is a Restricted Stock Award?

A Restricted Stock Award is a grant of shares of common stock, par value $0.01, of the Company
(“Shares”), but your right to receive the Shares is subject to a risk of forfeiture or other
restrictions that will lapse or “vest” upon the occurrence of certain events. We call the Shares
subject to this Restricted Stock Award “Restricted Stock.” Until the vesting requirements are
satisfied, your Restricted Stock will be credited to an account maintained for you by the Company.
The Company will deliver the Restricted Stock to you within 60 days after the last day of the month
in which the vesting requirements are satisfied. You will not receive certificates for the
Restricted Stock unless and until the vesting requirements are satisfied.

	 	 	 
	Restricted Stock Award Information:
	 	 
	Grantee:

	 	 
	Grant Date:
	 	 
	Number of Shares of
	 	 
	Restricted Stock Awarded:

	 	 

Vesting: You will satisfy the vesting requirements for your Restricted Stock Award on the
earlier of the date you:

(1) complete 15 years of service with the Company (or one of its subsidiaries) in one or more
positions as a “restaurant general manager,” “area director” or “corporate manager” as those
positions are defined by the Company;

(2) attain age 62;

(3) die; or

(4) become disabled (as defined in the Plan).

If your employment with the Company (and its subsidiaries) ends for any reason (other than death or
disability) before the vesting requirements are satisfied, you will forfeit the Restricted Stock
credited to your account.

Effect of a Change in Control of the Company: Your Restricted Stock Award will vest
immediately and the Restricted Stock will be distributed to you if, within 36 months after a
“change in control” of the Company, the Plan is terminated and not replaced simultaneously with a
similar program providing comparable benefits. A “change in control” of the Company is defined in
the Plan.

Restrictions on Transfer of Restricted Stock: You may not pledge, transfer, assign,
mortgage, sell or otherwise dispose or encumber your Restricted Stock. Additionally, no interest
in your Restricted Stock may be subject to seizure for the payment of debts, judgments, alimony, or
be reached or transferred in the event you become bankrupt or insolvent. Once the vesting
requirements are satisfied, the Company does not impose any restrictions on the resale of the
Shares issued to you. However, certain restrictions may be imposed by the federal securities laws
on the resale of the Shares you acquire under the Plan. See “Section 16 Officers and Affiliates”
below.

Rights as a Shareholder: During the period in which your Restricted Stock has not vested,
you will have all of the rights of a stockholder of the Company with respect to the Restricted
Stock, including the right to vote the Restricted Stock and to receive dividends paid on the
Restricted Stock. However, you will not be entitled to receive dividends or vote on matters with
record dates prior to the Grant Date, or record dates on or after the Grant Date if you forfeit
your Restricted Stock Award.

Tax Withholding: The Company must withhold federal, state and local taxes in connection
with the vesting of your Restricted Stock and the Company has the right to require these payments
from you. Unless you pay the Company the amount of these taxes in cash within 90 days of the date
your Restricted Stock Award vests, the Company will withhold a number of the Shares of Restricted
Stock you would otherwise receive having a “Fair Market Value” equal to the amount of tax
withholding liability. The “Fair Market Value” of the Company’s Shares, on any given date, is the
last reported closing price of the Shares on the NASDAQ National Market System.

Tax Consequences: This brief discussion of the federal tax rules that affect your
Restricted Stock Award is provided as general information (not as personal tax advice) and is based
on the Company’s understanding of federal tax laws and regulations in effect as of the date of this
Restricted Stock Award.

You should consult with a tax or financial adviser to ensure you fully understand the tax
ramifications of your Restricted Stock Award.

You will not be required to pay ordinary income taxes on the value of this Restricted Stock Award
when issued. However, you will be required to pay federal, state and local taxes when the vesting
requirements are met. The amount taxed is the full Fair Market Value of the Restricted Stock on
the date the vesting requirements are satisfied. The Company must withhold these taxes (see
discussion of “Tax Withholding”). When you sell the Shares you acquire through this Restricted
Stock Award, the difference between their Fair Market Value when sold and the Fair Market Value on
the vesting date will be taxed as a long term capital gain (or loss), if you sell the Shares more
than one year after the vesting date, or as a short term capital gain (or loss), if you sell the
Shares one year or less after the vesting date.

Plan Controls: The terms contained in the Plan are incorporated into and made a part of
this Agreement and this Agreement shall be governed by and construed in accordance with the terms
of the Plan. In the event of any actual or alleged conflict between the terms of the Plan and
terms of this Agreement, the terms of the Plan shall be controlling and determinative.

Section 16 Officers and Affiliates: If you are an executive officer of the Company subject
to the requirements of Section 16 of the Securities Exchange Act of 1934, as amended, you are
responsible for ensuring that all the requirements of Section 16 are met, including filing notices
of your receipt of this Restricted Stock Award with the Securities and Exchange Commission on a
Form 4. Additionally, certain restrictions are imposed by the federal securities laws on the
resale of Shares acquired under the Plan by persons deemed to be “affiliates” of the Company. An
“affiliate” is a person who possesses the power (direct or indirect) to direct or cause the
direction of the Company’s management or policies.

IRS CIRCULAR 230 DISCLOSURE: In order to ensure compliance with requirements imposed by
the U.S. Internal Revenue Service, we inform you that any federal tax advice contained in this
communication (including any attachments) is not intended or written to be used, and it cannot be
used, by any taxpayer for the purpose of (i) avoiding penalties that may be imposed under the U.S.
Internal Revenue Code or (ii) promoting, marketing, or recommending to another person, any
transaction or other matter addressed herein.Exhibit 10.1 - Cooperation Agreement between GGSI and Ecofys B.V.

Exhibit 10.1

COOPERATION AGREEMENT

BETWEEN:

1.   Global Green Solutions Inc, a company existing under the laws of the state of Nevada, having its registered office at 885 Pyrford Road, West Vancouver, B.C., V7S2A2, duly represented by its Director Elden Schorn, hereinafter referred to as: 'GGSI');

AND

2.   Ecofys B.V., a company existing under the laws of The Netherlands, having its registered office in Kanaalweg 16 G, 3526 KL Utrecht, duly represented by its Director, Kornelis Blok hereinafter referred to as: 'Ecofys');

Hereinafter together referred to as 'Parties' and individually as 'Party';

WHEREAS:

-  GGSI was established to initiate partnerships with international governments and corporations to apply best technologies for the reduction of greenhouse gas emissions from a range of facilities, primarily in the oil and gas sector, with a specific emphasis on fugitive emissions from gas transmission systems.

-  GGSI, through the knowledge and experience of its staff and consultants, will co-ordinate the funding, appropriate technology transfers and required government relation initiatives to identify major projects and to design and implement solutions to the problem of accelerated climate change.

-  GGSI brings extensive experience in the area of emission reduction technologies and methodologies and has positioned itself, through more than seven years of field work in Eastern Europe, the former Soviet block, Mexico, North and South America to gain approval for projects which have the potential to result in the development of large numbers of "Cers/Ers".

-  Ecofys brings a combination of research, consultancy and project development capacity and has been creating and delivering sustainable energy solutions since 1984. Ecofys is a market leader in sustainable energy consultancy, with over 200 experts carrying out hundreds of projects each year for customers such as Shell, Siemans, E.ON, WWF, and the European Commission.

-  Ecofys utilizes the experience and expertise of its staff and consultants and has developed relationships to effectively bring Cers/Ers resulting from various projects through the required Project Preparation Phase, including Project Design Preparation (PDP), developing the Emission Reduction Purchase Agreements (ERPA) and other administrative and procedural requirements, in order to bring such Cers/Ers to market.

-  Parties wish to cooperate in the development and execution of CDM-projects related to the reduction of fugitive emissions from natural gas pipeline systems. (hereinafter referred to as: 'the Field of Cooperation');

 

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-  Parties now wish to lay down the terms and conditions related to their joint activities within the field of Cooperation in this Cooperation Agreement (hereinafter referred to as: 'the Agreement').

NOW THEREFORE, PARTIES HAVE AGREED AS FOLLOWS

1. DEFINITIONS

1.1 'Confidential Information' has the meaning ascribed hereto in clause 7 of this Agreement.

1.2 'CER' or "Certified Emission Reduction" means a unit issued pursuant to Article 12 of the Kyoto Protocol as well as all other relevant international UNFCCC/Kyoto Protocol Rules and is equal to one metric tones of carbon dioxide equivalent, calculated in accordance wlth the International UNFCCC/Kyoto Protocol Rules.

1.3 " ER" or "Emission Reduction" means a unit issued pursuant to Article 6 of the Kyoto Protocol as well as all other relevant International UNFCCC/Kyoto Rules and is equal to one metric tones of carbon dioxide equivaient, calculated in accordance with the International UNFCCC/Kyoto Rules.

1.4 'ERPA' means an Emission Reductions Purchase Agreement.

l.5 'Project' means a project activity within the Field of Cooperation to be implemented in accordance with the International UNFCCC/Kyoto Protocol rules as a CDM project.

1.6 'Project plan' means an overall plan related to the joint execution of individual Projects containing all detailed provisions required ror the successful execution of the Projects.

1.7 'Registration' means the formal acceptance by the Executive Board of a Project as a CDM 'project activity.' 

2. OBJECTIVE OF THIS AGREEMENT

2.1 In this Agreement Parties wish to lay down the terms and conditions related to their cooperation within the Field of Cooperation.

2.2 With due observance of the general principle of reasonableness and fairness, Parties will further detail the provisions related to their cooperation for individual Projects within the Field of Cooperation in a Project plan.

2.3 Each Party undertakes its best endeavours to ensure the properly execution of this Agreement and a Project plan.

3. UNDERTAKINGS BY ECOFYS

3.1 Unless agreed otherwise within a Project plan, ECOFYS shall execute lead, through their established on-site offices and support staff, on all matters relating to the development of the Cers/Ers from the projects including the lead on government relations, filings with the United Nations and the lead on bringing the resulting Cers/Ers to market. Within their tasks ECOFYS will:

 

 

 

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-     Obtain and provide all data and information required for the successful development and execution of the projects;

-     Execution of baseline studies and the making of Project Design Documents (PDD's) within the CDM project cycle;

-     Registration by the Executive Board within the CDM project cycle.

4. UNDERTAKINGS BY GGS

4.1 Unless agreed otherwise within a Project plan, HGMC will lead on identifying opportunities, consummating project agreements with clients, implementing the technology and methodology for system repairs and carrying out all aspects of emission measurements to qualify the Carbon credits and establish ongoing monitoring.

5. SALES OF CERS

Parties will have the option to sell jointly or separately the Credits from an specific project. In case Parties agree to jointly sell the Credits, parties will establish a separate contract for the sale of Credits, which will be carried out in jointly between the Parties and will be part of the consortium formed between Parties.

6. BUDGET AND COSTS

5.1 Parties will further detail the financial provisions and budgets related to their cooperation for individual Projects in a Project plan.

5.2 Unless the Parties agree otherwise in writing, each Party shall bear its own costs and expenses (including the costs of third Parties engaged by either Party for the further execution of this Agreement) incurred in the execution of this Agreement.

7. CONFIDENTIAL INFORMATION AND INTELLECTUAL PROPERTY

7.1 Parties will both during the currency of this Agreement and for a period of two years after its termination: 

(i) not disclose to any third party (other than it's affiliated companies) any information received from the other except with the other's prior written consent or s required by applicable law; and

(ii) not use any such information other than for the purpose for which it has been disclosed by or on behalf of the other Party.

7.2 The patent, copyright or other intellectual property rights in any Confidential Information supplied to Ecofys by HGMC under this Agreement shall, in the absence of any express provision thereof, be vested in HGMC, as the case may be, and the patent, copyright or other intellectual property rights in any Confidential Information supplied to HGMC by Ecofys under this Agreement shall, in the absence of any express provision thereof, be vested in Ecofys.

 

 

 

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8. LIABILITY

The liability of one Party vis-a-vis the other Parties on whatever legal ground shall be limited to damage caused intentionally, gross negligently or slightly negligently in breach of the material duties for the performance of the purpose of this Agreement by the Party or its legal representatives or vicarious agents. In the event of slight negligence, the liability of one Party vis-a-vis the other Parties shall be limited in scope to typical damage for transactions comparable to this Agreement, which were foreseeable upon the conclusion of this Agreement or upon the breach of obligation at the latest.  In no event shall either Party be liable to vis-a-vis the other Party for any loss of profit and/or not discovered business opportunities subject to this Agreement.

9, MISCELLANEOUS

1. This Agreement sets out the entire understanding between the Parties with respect to the subject matter thereof and supersedes all prior oral and written arrangements and understandings between the Parties relating hereto.

2. No verbal collateral agreements shall exist.  Any modifications of or supplements to this Agreement and any notice or rescission must be made in writing. This shall also apply to any waiver of this requirement for the written form.

3. This Agreement and none of its provisions shall be deemed to have been waived by any act or acceptance by either Party except by an instrument in writing signed by authorised officers of the Parties.

4. Neither Party will assign its rights and obligations under this Agreement without the prior written consent of the other Party.

5. If any term or provision of this agreement shall become invalid or unenforceable in any respect under any law, such invalidity shall not affect the validity of remaining provisions of the agreement. In the event of the invalidity of the provision in question will be substituted by contracting parties by a valid one of the closest meaning so that the intention of the contracting parties is not thereby affected.

10. TERM AND TERMINATION

10.1 This Agreement shall commence on the date of signing and shall expire on 31st December 2007.

Thereafter the Agreement shall be automatically extended by consecutive periods of one year, unless terminated by either Party by giving a two month's written notice to this effect prior to any expiry date.

10.2 Either Party may immediately terminate this Agreement if:

(a) the other party commits a breach of the provisions of this Agreement and fails to remedy such breach within four (4) weeks after written notice of the existence of such breach, or

 

 

 

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(b) the other party should go into liquidation or should do or suffer any similar act or thing under any applicable law. This termination shall not affect any obligation incurred by, or any rights to the Parties prior to the Parties prior to the effective date of such termination.

10.3 Any termination of this Agreement shall not affect any obligation incurred by, or any rights accrued to the Parties prior to the effective date of such termination.

11. GOVERNING LAW AND DISPUTES

This Agreement shall be governed and interpreted in accordance with the laws of the United Kingdom

In case of disputes arising out of or relating to this Agreement, the Parties shall endeavour to settle such disputes amicably.  If the Parties are unable to come to such amicable arrangement, all disputes and differences between Parties arising out of or in connection with the validity, interpretation or implementation of this Agreement or any part or provision thereof shall be settled by the court of United Kingdom.

IN WITNESS WHEREOF, PARTIES HAVE AGREED AND SIGNED THIS AGREEMENT IN TWO ORIGINAL COPIES,

	
Ecofys
	
Global Green

	 	
Solutions Inc.

	 	 
	 	 
	
Place: Utrecht, NL
	
Place: Vancouver, B.C. Canada

	 	 
	
Date:   March 17, 2006
	
Date: March 16, 2006

	 	 
	 	 
	 	 
	 	 
	 	 
	
K. BLOCK
	
ELDEN SCHORN

	
Director, K. Blok
	
Director, M. Elden Schorn

 

 

 

 

 

 

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