Document:

Unassociated Document

    EXHIBIT
      10.4

     

    MATRITECH,
      INC.

    
      RESTRICTED
        STOCK UNIT AWARD AGREEMENT

       

    

    Matritech,
      Inc. (the “Company”)
      hereby
      grants to the undersigned employee (the “Employee”) restricted stock units,
      payable upon vesting only in shares of the Company’s Common Stock, par value
      $0.01, subject to the vesting provisions and other terms and conditions
      contained in this Restricted Stock Unit Award Agreement (the “Agreement”)
      and in
      the Company’s 2002 Stock Option and Incentive Plan (the “Plan”) pursuant to
      which this award of restricted stock units is made. The terms and conditions
      attached hereto are also a part hereof.

    

    
      	 	 	 
	 	
              Name
                of Employee:

            	 
	 	 	 
	 	
              Date
                of this restricted stock unit award:

            	 
	 	 	 
	 	
              Number
                of restricted stock units awarded:

            	 
	 	
              Number
                of shares of the Company’s Common Stock into which this restricted stock
                unit award willmay be converted upon full vesting (“Shares”):

            	 
	 	 	 
	 	
              Vesting
                Start Date: one year anniversary of award

            	 

    

    

     

    
      	 	
              Vesting
                Schedule:

            	 
	 	
              One year
                from Award Date (25% of restricted stock units):

            	 
	 	 	 
	 	
              Two years
                from Award Date (Additional 25% of restricted stock
                units):

            	 
	 	 	 
	 	
              Three years
                from Award Date (Additional 25% of restricted stock
                units):

            	 
	 	
              Four years
                from Award Date (All remaining restricted stock units):

            	 
	 	 	 
	 	
              All
                vesting is dependent on the continuation of a Business Relationship
                with
                the Company, as provided herein.

            

    

    

    This
      award of restricted stock units satisfies in full all commitments that the
      Company has to the Employee with respect to the issuance of stock, stock options
      or other equity securities.

     

    
      

      

    

     

    
      	 	
               

              Matritech,
                Inc.

            
	
              ____________________________________

            	 
	
              Signature
                of Employee

            	
              By:____________________________

            
	
              ____________________________________

            	
                Name
                of
                Officer:

            
	
              Street
                Address

            	
                Title:

            
	
              ____________________________________

            	 
	
              City/State/Zip
                Code

            	 

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Matritech,
      Inc.

     

    
      RESTRICTED
        STOCK UNIT AWARD AGREEMENT -- INCORPORATED TERMS AND CONDITIONS

       

    

    1.    Award
      Under Plan.
      This
      award of restricted stock units is made pursuant to and is governed by the
      Company’s 2002 Stock Option and Incentive Plan (the “Plan”)
      and,
      unless the context otherwise requires, terms used herein shall have the same
      meaning as in the Plan. 

    

    2.    Vesting
      of Restricted Stock Units.
      All
      restricted stock units granted under this Agreement are subject to a substantial
      risk of forfeiture until such restricted stock units have vested in the Employee
      in accordance with the terms of this Agreement. If the Employee has continuously
      maintained a Business Relationship (as defined below) with the Company through
      the date(s) listed on the vesting schedule set forth on the cover page hereof,
      the portion of the awarded restricted stock units listed on the vesting schedule
      shall vest in the Employee, shall no longer be subject to forfeiture, and shall
      automatically be converted into Shares of Common Stock of the Company equal
      in
      number to the number of restricted stock units vesting; provided that the
      Employee, as a condition to any vesting of restricted stock units, must pay
      to
      the Company in cash, contemporaneously with the vesting of any restricted stock
      units, the par value of the Shares of Common Stock into which such vested
      restricted stock units are to be converted. The Employee agrees that the Company
      may, in the absence of receipt of cash from the Employee equal to the amount
      of
      the par value of the Shares to be issued upon vesting of restricted stock units,
      withhold from the Employee’s wages or other remuneration the par value amount.
“Business
      Relationship”
means
      service to the Company or its successor in the capacity of an employee, officer,
      director or consultant. Notwithstanding the foregoing, the Board may, in its
      discretion, accelerate the date that any installment of this award vests.

    

    3.    Termination
      of Business Relationship.
      

    

    (a)    Termination.
      If the
      Employee’s Business Relationship with the Company ceases, voluntarily or
      involuntarily, with or without cause, no further installments of this award
      shall vest, and the Employee shall forfeit all restricted stock units (and
      any
      right to acquire any Shares upon vesting of such restricted stock units) not
      vested at the date of such termination of the Employee’s Business Relationship
      with the Company. Any determination under this Agreement as to the status of
      a
      Business Relationship or other matters referred to above shall be made in good
      faith by the Board of Directors of the Company. 

    

    (b)    Employment
      Status.
      For
      purposes hereof, with respect to employees of the Company, employment shall
      not
      be considered as having terminated during any leave
      of
      absence if such leave of absence has been approved in writing by the Company
      and
      if such written approval contractually obligates the Company to continue the
      employment of the Employee after the approved period of absence; in the event
      of
      such an approved leave of absence, vesting of this restricted stock unit award
      shall be suspended (and the period of the leave of absence shall be added to
      all
      vesting dates) unless otherwise provided in the Company’s written approval of
      the leave of absence. For purposes hereof, a termination of employment followed
      by another Business Relationship shall be deemed

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    a
      termination of the Business Relationship with all vesting to cease unless the
      Company enters into a written agreement related to such other Business
      Relationship in which it is specifically stated that there is no termination
      of
      the Business Relationship under this Agreement. This award shall not be affected
      by any change of employment within or among the Company and its Subsidiaries
      so
      long as the Employee continuously remains an employee of the Company or any
      Subsidiary.

    

    4.    Death;
      Disability.
      

    

    (a)    Death
      or Disability.
      If the
      Employee ceases to maintain a Business Relationship with the Company by reason
      of his/her disability or death, the restricted stock units covered by this
      Agreement shall fully vest in the Employee (or in his/her estate in the event
      of
      his/her death) and such restricted stock units shall be converted into Shares
      and certificates for such Shares delivered to the Employee (or his/her executor
      or administrator). For purposes hereof, “disability”
means
      “permanent
      and total disability”
as
      defined in Section 22(e)(3) of the Internal Revenue Code. 

    

    (b)    Retirement
      with Consent of the Company.
      If the
      Employee retires from his/her Business Relationship with the Company with the
      consent of the Company after the Employee has reached age 62, the restricted
      stock units covered by this Agreement shall fully vest in the Employee and
      such
      restricted stock units shall be converted into Shares and certificates for
      such
      Shares delivered to the Employee. 

    

    (c)    Change
      of Control. In
      the
      event of an Acquisition (as defined herein) prior to the full vesting of this
      award, the vesting of the award shall be accelerated and the restricted stock
      units covered by this Agreement shall fully vest in the Employee, and such
      restricted stock units shall be converted into Shares, at the moment immediately
      preceding the consummation of the Acquisition. For purposes of this Plan, an
      “Acquisition”
shall
      mean: (x) the sale of the Company by merger in which the shareholders of the
      Company in their capacity as such no longer own a majority of the outstanding
      equity securities of the Company (or its successor); or (y) any sale of all
      or
      substantially all of the assets or capital stock of the Company (other than
      in a
      spin-off or similar transaction) or (z) any other acquisition of the business
      of
      the Company, as determined by the Board.

    

    5.    Securities
      Laws Restrictions on Resale.
      Until
      registered under the Securities Act of 1933, as amended, or any successor
      statute (the “Securities
      Act”),
      any
      Shares into which the restricted stock units are converted upon vesting will
      be
      illiquid and will be deemed to be “restricted securities” for purposes of the
      Securities Act. Accordingly, such Shares must be sold in compliance with the
      registration requirements of the Securities Act or an exemption therefrom and
      may need to be held indefinitely. Unless the Shares have been registered under
      the Securities Act, each certificate evidencing any of the Shares shall bear
      a
      restrictive legend specified by the Company. 

    

    6.    Ownership
      Rights.
      The
      Employee shall not have voting or any other rights as a shareholder of the
      Company with respect to the restricted stock units. Upon conversion of the
      

     

    
      
        
        

      

      
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    restricted
      stock units into Shares, the Employee will obtain full voting and other rights
      as a shareholder of the Company. Each dividend payment will be made no later
      than the end of the calendar year in which the dividends are paid to
      shareholders of that class of stock or, if later, the 15th
      day of
      the third month following the date of the dividends are paid to shareholders
      of
      that class of stock.

    

    7.    Award
      Not Transferable.
      This
      award is not transferable or assignable except by will or by the laws of descent
      and distribution. 

    

    8.    No
      Obligation to Continue Business Relationship.
      Neither
      the Plan, this Agreement, nor the restricted stock unit award imposes any
      obligation on the Company to continue the Employee in employment or other
      Business Relationship.

    

    9.    No
      Severance or Termination Rights.
      Awards
      do not form part of an Employee’s contract of employment and do not entitle an
      Employee to any benefit other than that granted under this Agreement. Any
      benefits granted under this Agreement are not part of an Employee’s ordinary
      salary, and shall not be considered as part of such salary for pension purposes
      or in the event of severance, redundancy or resignation. If Employee’s
      employment is terminated for whatever reason the Employee agrees that he/she
      shall not be entitled by way of damages for breach of contract, dismissal or
      compensation for loss of office or otherwise to any sum, shares or other
      benefits to compensate for the loss or diminution in value of any actual or
      prospective right, benefits or expectation under or in relation to this
      Agreement.

    

    10.    Adjustments.
      This
      award is subject to adjustment, as is expressly provided in the Plan, with
      respect to certain changes in the capitalization of the Company.

    

    11.    Withholding
      Taxes.
      If the
      Company in its discretion determines that it is obligated to withhold any tax
      in
      connection with the vesting of any of the restricted stock units or the issuance
      of Shares upon vesting of any such restricted stock units, the Employee hereby
      agrees that the Company may withhold from the Employee’s wages or other
      remuneration the appropriate amount of tax. At the discretion of the Company,
      the amount required to be withheld may be withheld in cash from such wages
      or
      other remuneration or in kind from the Shares to be issued upon vesting or
      from
      other property otherwise deliverable to the Employee. The Employee further
      agrees that, if the Company does not withhold an amount from the Employee’s
      wages or other remuneration sufficient to satisfy the withholding obligation
      of
      the Company, the Employee will make reimbursement on demand, in cash, for the
      amount underwithheld. The Employee further agrees to indemnify the Company
      for
      the Employee’s portion of any social insurance obligations or taxes arising
      under any foreign law with respect to the grant of this restricted stock unit
      award, the vesting of any restricted stock unit, the issuance of any Shares
      upon
      such vesting or the sale or other disposition of the Shares.

    

    12.    Provision
      of Documentation to Employee.
      By
      signing this Agreement the Employee acknowledges receipt of a copy of this
      Agreement and a copy of the Plan.

    

    13.    Transfer
      of Data Waiver.
      By
      signing this Agreement the Employee acknowledges that in order to perform its
      requirements under this Award, the Company may process personal 

     

    
      
        
        

      

      
        - 3
          -

        
          

        

      

      
        
        

      

    

    data
      and/or sensitive personal data about the Employee. Such data includes, but
      is
      not limited to, the information provided in this award package and any changes
      thereto, other appropriate personal and financial data about the Employee,
      and
      information about the Employee’s participation in the Plan and shares acquired
      under the Plan from time to time. The Employee hereby gives explicit consent
      to
      the Company to process any such personal data and/or sensitive personal data.
      The Employee also gives explicit consent to the Company to transfer any such
      personal data and/or sensitive personal data outside the country in which the
      Employee works and to the United States. The legal persons for whom the personal
      data is intended include the Company and any of its subsidiaries, the outside
      plan administrator as selected by the Company from time to time, and any other
      person that the Company may find in its administration of the Plan appropriate.
      By signing this Agreement, the Employee acknowledges that s/he has been informed
      of his/her right of access and correction to personal data by contacting the
      local Human Resources Representative. The Employee further acknowledges that
      the
      transfer of the information outlined here is important to the administration
      of
      the Plan and failure to consent to the transmission of such information may
      limit or prohibit participation under the Plan.

    

    14.    Miscellaneous.

    

    (a)    Notices.
      All
      notices hereunder shall be in writing and shall be deemed given when sent by
      mail, if to the Employee, to the address set forth above or at the address
      shown
      on the records of the Company, and if to the Company, to the Company’s principal
      executive offices, attention of the Corporate Secretary.

    

    (b)    Entire
      Agreement; Modification.
      This
      Agreement constitutes the entire agreement between the parties relative to
      the
      subject matter hereof, and supersedes all proposals, written or oral, and all
      other communications between the parties relating to the subject matter of
      this
      Agreement. This Agreement may be modified, amended or rescinded only by a
      written agreement executed by both parties. 

    

    (c)    Fractional
      Shares.
      If,
      because of the adjustment provisions contained in the Plan, the number of shares
      subject to this award includes a fraction of a share, such fraction shall be
      rounded down.

    

    (d)    Issuances
      of Securities; Changes in Capital Structure.
      Except
      as expressly provided herein or in the Plan, no issuance by the Company of
      shares of stock of any class, or securities convertible into shares of stock
      of
      any class, shall affect, and no adjustment by reason thereof shall be made
      with
      respect to, the number of Shares that may be issued upon vesting of this award.
      If there shall be any change in the Common Stock of the Company through merger,
      consolidation, reorganization, recapitalization, stock dividend, stock split,
      combination or exchange of shares, spin-off, split-up or other similar change
      in
      capitalization or event, the restrictions contained in this Agreement shall
      apply with equal force to additional and/or substitute securities, if any,
      received by the Employee in exchange for restricted stock units, except as
      otherwise determined by the Board.

    

    
      
        
        

      

      
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    (e)    Severability.
      The
      invalidity, illegality or unenforceability of any provision of this Agreement
      shall in no way affect the validity, legality or enforceability of any other
      provision. 

    

    (f)    Successors
      and Assigns.
      This
      Agreement shall be binding upon and inure to the benefit of the parties hereto
      and their respective successors and assigns, subject to the limitations set
      forth in Section 7 hereof.

    

    (g)    Governing
      Law.
      This
      Agreement shall be governed by and interpreted in accordance with the laws
      of
      the State of Delaware, without giving effect to the principles of the conflicts
      of laws thereof.

    

    

    

    

    

    

    

    

    
 

     

     

     

     

     

     

     

     

     

     

    
      
        
        

      

      
        -
          5
          -Unassociated Document

    EXHIBIT
      10.5

    MATRITECH,
      INC.

     

    
      PERFORMANCE-BASED
        RESTRICTED STOCK AWARD AGREEMENT

       

    

    Matritech,
      Inc. (the “Company”)
      hereby
      grants to the undersigned employee (“Employee”) all right, title and interest in
      the record and beneficial ownership of the stated number of shares of the
      Company’s Common Stock, par value $0.01, subject to the vesting provisions and
      other terms and conditions contained in this Restricted Stock Award Agreement
      (the “Agreement”)
      and in
      the Company’s 2002 Stock Option and Incentive Plan (the “Plan”) pursuant to
      which this award of restricted stock is made. The terms and conditions attached
      hereto are also a part hereof.

    
 

    

    
      	 	 	 
	 	
              Name
                of Employee:

            	 
	 	 	 
	 	
              Date
                of this restricted stock award:

            	 
	 	 	 
	 	
              Number
                of shares of the Company’s Common Stock subject to this restricted stock
                award agreement (“Shares”):

            	 
	 	 	 
	 	
              Performance
                triggers for vesting:

            	
              See
                Appendix A, attached hereto and incorporated herein by
                reference.

            

    

    

    
      	 	
               

            	 
	 	
              All
                vesting is dependent on the continuation of a Business Relationship
                with
                the Company, as provided herein.

            

    

    

    

    This
      award of restricted stock satisfies in full all commitments that the Company
      has
      to the Employee with respect to the issuance of stock, stock options or other
      equity securities.

     

    
      

      

    

     

    
      	 	
               

              Matritech,
                Inc.

            
	
              ____________________________________

            	 
	
              Signature
                of Employee

            	
              By:____________________________

            
	
              ____________________________________

            	
                Name
                of
                Officer:

            
	
              Street
                Address

            	
                Title:

            
	
              ____________________________________

            	 
	
              City/State/Zip
                Code

            	 

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Matritech,
      Inc.

     

    
      PERFORMANCE-BASED
        RESTRICTED STOCK AWARD AGREEMENT 

      INCORPORATED
        TERMS AND CONDITIONS

       

    

    1.    Award
      Under Plan.
      This
      award of restricted stock is made pursuant to and is governed by the Company’s
      2002 Stock Option and Incentive Plan (the “Plan”)
      and,
      unless the context otherwise requires, terms used herein shall have the same
      meaning as in the Plan. 

    

    2.    Payment
      of Par Value of Shares.
      The
      Employee, as a condition to this award of restricted stock, agrees to pay to
      the
      Company in cash, contemporaneously with the execution of this Agreement, the
      par
      value of the Shares of restricted stock. The Employee further agrees that the
      Company may, in the absence of receipt of cash from the Employee equal to the
      par value of the Shares, withhold from the Employee’s wages or other
      remuneration the par value amount. 

    

    3.    Custody
      of Restricted Stock.
      Certificates representing the Shares of restricted stock awarded to the Employee
      shall bear appropriate legends noting the restrictions applicable to the Shares.
      The original certificates shall be held by the Company until such time as the
      underlying Shares are no longer subject to the risk of forfeiture, retention
      obligation and securities law restrictions contained in Sections 4, 5, 6 and
      8
      hereof. The Employee will also provide the Company with a stock power endorsed
      in blank. At such time as the shares are no longer subject to the risk of
      forfeiture, retention obligation and securities law restrictions contained
      in
      Sections 5, 6 and 8 hereof, the Company will deliver to the Employee original
      certificates without restrictive legends thereon. 

    

    4.    Vesting
      of Restricted Stock.
      All
      Shares subject to this Agreement are subject to a substantial risk of forfeiture
      until such Shares have vested in the Employee in accordance with the terms
      of
      this Agreement. The vesting criteria, measurement mechanisms and dates and
      other
      vesting standards are set forth on Appendix A, which is incorporated herein
      by
      reference. If any one of the vesting criteria is fully met, and the Employee
      has
      continuously maintained a Business Relationship (as defined below) with the
      Company through the measurement date of the criterion, the portion of the
      awarded Shares listed on Appendix A relative to that satisfied criterion shall
      vest in the Employee and no longer be subject to forfeiture. “Business
      Relationship”
means
      service to the Company or its successor in the capacity of an employee, officer,
      director or consultant. Notwithstanding the foregoing, the Board may, in its
      discretion, determine to accelerate the vesting of all or any portion of the
      award. 

    

    5.    Retention
      Obligation; Restrictions after Vesting.
      If the
      Employee is an executive officer of the Company at the time of vesting of any
      portion of the restricted stock award, the Employee is obligated to retain
      in
      his/her ownership a minimum of fifty (50%) percent of the Shares of Common
      Stock
      of the Company acquired through this restricted stock award to the extent that
      the Employee does not then hold by himself/herself or through members of his/her
      immediate family a minimum of [100,000/150,000] shares of Common Stock of the
      Company or shares of Common Stock of the Company with a value of [2.5/4.0]
      times
      the Employee’s base salary, whichever is the lower standard; provided, however,
      that there shall be excluded from the retention obligation any Shares the
      Employee sells (or, in the discretion of the Company, tenders 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    back
      to
      the Company) to pay withholding taxes due on account of the lapse of
      restrictions on the Shares of restricted stock. Certificates representing the
      shares which remain subject to the retention obligation shall continue to be
      held by the Company until they are no longer subject to the retention
      obligation. 

     

    6.    Termination
      of Business Relationship.
      Except
      as set forth in Section 7 hereof, if the Employee’s Business Relationship with
      the Company ceases, voluntarily or involuntarily, with or without cause, prior
      to the vesting of any portion of this award, no further portions of this award
      will vest and the Employee shall forfeit all Shares subject to this restricted
      stock award not vested at the date of such termination of the Employee’s
      Business Relationship with the Company. Any determination under this Agreement
      as to the status of a Business Relationship or other matters referred to above
      shall be made in good faith by the Board of Directors of the Company.

    

    7.    Death;
      Disability.
      

    

    (a)    Death
      or Disability.
      If the
      Employee ceases to maintain a Business Relationship with the Company by reason
      of his/her disability or death, the Shares of restricted stock subject to this
      Agreement shall vest in the Employee (or in his/her estate in the event of
      his/her death) and the restrictions (except those contained in Section 8 hereof)
      and substantial risk of forfeiture shall lapse, according to the following
      schedule:

    (i)    if
      the
      death or disability occurs during the first year after the date of this
      Agreement, 30% of the Shares will vest; and

    (ii)   if
      the
      death or disability occurs during the second year after the date of this
      Agreement, 100% of the Shares will vest. 

    For
      purposes hereof, “disability”
means
      “permanent
      and total disability”
as
      defined in Section 22(e)(3) of the Internal Revenue Code. 

    

    (b)    Retirement
      with Consent of the Company.
      If the
      Employee retires from his/her Business Relationship with the Company with the
      consent of the Company after the Employee has reached age 62, the shares of
      restricted stock subject to this Agreement shall vest in the Employee and the
      restrictions (except those contained in Section 8 hereof) and substantial risk
      of forfeiture shall lapse, according to the following schedule:

    (i)    if
      the
      retirement occurs during the first year after the date of this Agreement, 30%
      of
      the Shares will vest; and

    (ii)   if
      the
      retirement occurs during the second year after the date of this Agreement,
      100%
      of the Shares will vest. 

    

    (c)    Change
      of Control. In
      the
      event of an Acquisition (as defined herein) prior to the full vesting of this
      award, the vesting of the award shall be accelerated and the Shares of the
      restricted stock subject to this Agreement shall vest in the Employee, and
      the
      restrictions (except those contained in Section 8 hereof) and substantial risk
      of forfeiture shall lapse, at the moment immediately preceding the consummation
      of the Acquisition, according to the following schedule:

    (i)    if
      the
      Acquisition occurs during the first year after the date of this Agreement,
      30%
      of the Shares will vest; and

     

    
      
        
        

      

      
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    (ii)   if
      the
      Acquisition occurs during the second year after the date of this Agreement,
      100%
      of the Shares will vest. 

    Notwithstanding
      the foregoing, the Board of Directors of the Company may, in its discretion,
      fully vest all the Shares in the event of an Acquisition regardless of the
      date
      of the Acquisition. For purposes of this Plan, an “Acquisition”
shall
      mean: (x) the sale of the Company by merger in which the shareholders of the
      Company in their capacity as such no longer own a majority of the outstanding
      equity securities of the Company (or its successor); or (y) any sale of all
      or
      substantially all of the assets or capital stock of the Company (other than
      in a
      spin-off or similar transaction) or (z) any other acquisition of the business
      of
      the Company, as determined by the Board.

    

    8.    
Securities
      Laws Restrictions on Resale.
      Until
      registered under the Securities Act of 1933, as amended, or any successor
      statute (the “Securities
      Act”),
      the
      Shares will be illiquid and will be deemed to be “restricted securities” for
      purposes of the Securities Act. Accordingly, such shares must be sold in
      compliance with the registration requirements of the Securities Act or an
      exemption therefrom and may need to be held indefinitely. Unless the Shares
      have
      been registered under the Securities Act, each certificate evidencing any of
      the
      Shares shall bear a restrictive legend specified by the Company. 

    

    9.    
Ownership
      Rights.
      Subject
      to the restrictions set forth herein, the Employee is entitled to all voting
      and
      ownership rights applicable to the Shares, including the right to receive any
      dividends that may be paid on the shares, whether or not vested. Each dividend
      payment will be made no later than the end of the calendar year in which the
      dividends are paid to shareholders of that class of stock or, if later, the
      15th
      day of
      the third month following the date of the dividends are paid to shareholders
      of
      that class of stock.

    

    10.    Award
      Not Transferable.
      This
      award is not transferable or assignable except by will or by the laws of descent
      and distribution. 

    

    11.    No
      Obligation to Continue Business Relationship.
      Neither
      the Plan, this Agreement, nor the restricted stock award imposes any obligation
      on the Company to continue the Employee in employment or other Business
      Relationship.

    

    12.    No
      Severance or Termination Rights.
      Awards
      do not form part of an Employee’s contract of employment and do not entitle an
      Employee to any benefit other than that granted under this Agreement. Any
      benefits granted under this Agreement are not part of an Employee’s ordinary
      salary, and shall not be considered as part of such salary for pension purposes
      or in the event of severance, redundancy or resignation. If Employee’s
      employment is terminated for whatever reason the Employee agrees that he/she
      shall not be entitled by way of damages for breach of contract, dismissal or
      compensation for loss of office or otherwise to any sum, shares or other
      benefits to compensate for the loss or diminution in value of any actual or
      prospective right, benefits or expectation under or in relation to this
      Agreement.

    

    13.    Adjustments.
      This
      award is subject to adjustment, as is expressly provided in the Plan, with
      respect to certain changes in the capitalization of the Company.

    

    
      
        
        

      

      
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    14.    Withholding
      Taxes.
      If the
      Company in its discretion determines that it is obligated to withhold any tax
      in
      connection with the vesting of any portion of the Shares or the release of
      any
      restrictions applicable to the Shares, the Employee hereby agrees that the
      Company may withhold from the Employee’s wages or other remuneration the
      appropriate amount of tax. At the discretion of the Company, the amount required
      to be withheld may be withheld in cash from such wages or other remuneration
      or
      in kind from the Common Stock or other property otherwise deliverable to the
      Employee on vesting or lapse of restrictions on the Shares. The Employee further
      agrees that, if the Company does not withhold an amount from the Employee’s
      wages or other remuneration sufficient to satisfy the withholding obligation
      of
      the Company, the Employee will make reimbursement on demand, in cash, for the
      amount underwithheld. The Employee further agrees to indemnify the Company
      for
      the Employee’s portion of any social insurance obligations or taxes arising
      under any foreign law with respect to the grant of this restricted stock award,
      the vesting of the restricted stock or the sale or other disposition of the
      restricted stock.

    

    15.    Provision
      of Documentation to Employee.
      By
      signing this Agreement the Employee acknowledges receipt of a copy of this
      Agreement and a copy of the Plan.

    

    16.    Transfer
      of Data Waiver.
      By
      signing this Agreement the Employee acknowledges that in order to perform its
      requirements under this Award, the Company may process personal data and/or
      sensitive personal data about the Employee. Such data include, but are not
      limited to, the information provided in this award package and any changes
      thereto, other appropriate personal and financial data about the Employee,
      and
      information about the Employee’s participation in the Plan and shares acquired
      under the Plan from time to time. The Employee hereby gives explicit consent
      to
      the Company to process any such personal data and/or sensitive personal data.
      The Employee also gives explicit consent to the Company to transfer any such
      personal data and/or sensitive personal data outside the country in which the
      Employee works and to the United States. The legal persons for whom the personal
      data are intended include the Company and any of its subsidiaries, the outside
      plan administrator as selected by the Company from time to time, and any other
      person that the Company may find in its administration of the Plan appropriate.
      By signing this Agreement, the Employee acknowledges that s/he has been informed
      of his/her right of access and correction to personal data by contacting the
      local Human Resources Representative. The Employee further acknowledges that
      the
      transfer of the information outlined here is important to the administration
      of
      the Plan and failure to consent to the transmission of such information may
      limit or prohibit participation under the Plan.

    

    17.    Miscellaneous.

    

    (a)    Notices.
      All
      notices hereunder shall be in writing and shall be deemed given when sent by
      mail, if to the Employee, to the address set forth above or at the address
      shown
      on the records of the Company, and if to the Company, to the Company’s principal
      executive offices, attention of the Corporate Secretary.

    

    (b)    Entire
      Agreement; Modification.
      This
      Agreement constitutes the entire agreement between the parties relative to
      the
      subject matter hereof, and supersedes all proposals, written or oral, and all
      other communications between the parties relating to the subject matter of
      

     

    
      
        
        

      

      
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    this
      Agreement. This Agreement may be modified, amended or rescinded only by a
      written agreement executed by both parties. 

    

    (c)     Fractional
      Shares.
      If,
      because of the adjustment provisions contained in the Plan, the number of shares
      subject to this award includes a fraction of a share, such fraction shall be
      rounded down.

    

    (d)    Issuances
      of Securities; Changes in Capital Structure.
      Except
      as expressly provided herein or in the Plan, no issuance by the Company of
      shares of stock of any class, or securities convertible into shares of stock
      of
      any class, shall affect, and no adjustment by reason thereof shall be made
      with
      respect to, the number of Shares subject to this award. If there shall be any
      change in the Common Stock of the Company through merger, consolidation,
      reorganization, recapitalization, stock dividend, stock split, combination
      or
      exchange of shares, spin-off, split-up or other similar change in capitalization
      or event, the restrictions contained in this Agreement shall apply with equal
      force to additional and/or substitute securities, if any, received by the
      Employee in exchange for, or by virtue of his/her ownership of, Shares, except
      as otherwise determined by the Board.

    

    (e)    Severability.
      The
      invalidity, illegality or unenforceability of any provision of this Agreement
      shall in no way affect the validity, legality or enforceability of any other
      provision. 

    

    (f)    Successors
      and Assigns.
      This
      Agreement shall be binding upon and inure to the benefit of the parties hereto
      and their respective successors and assigns, subject to the limitations set
      forth in Section 10 hereof.

    

    (g)    Governing
      Law.
      This
      Agreement shall be governed by and interpreted in accordance with the laws
      of
      the State of Delaware, without giving effect to the principles of the conflicts
      of laws thereof.

    

     

     

     

     

     

     

     

     

     

     

     

     

    
 

    
      
        
        

      

      
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    Appendix
      A

    

    

    
 

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    
      
        
        

      

      
        
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