Document:

Exhibit 10.10

 

Exhibit 10.10

SCHEDULE OF NAMED EXECUTIVE OFFICERS WHO HAVE ENTERED INTO FORM OF EMPLOYMENT
AGREEMENT AS SET FORTH IN EXHIBIT 10.9

Each of the following Named Executive Officers have entered into a Form of
Employment Agreement as set forth in Exhibit 10.9 as of the date indicated
below:

	 	 	 
	NAME

	 	DATE
	 
	 	 
	James Breisinger

	 	February 1, 2000
	Carlos Cardoso

	 	December 17, 2003
	Stanley Duzy, Jr.

	 	February 1, 2000
	F. Nicholas Grasberger

	 	October 28, 2003Exhibit 10.18

 

Exhibit 10.18

FORMS OF AWARD AGREEMENTS UNDER THE AMENDED AND RESTATED KENNAMETAL INC. STOCK
AND INCENTIVE PLAN OF 2002

KENNAMETAL INC.

INCENTIVE BONUS AWARD

Grant Date: [date of grant]

     This Award made from KENNAMETAL INC., a Pennsylvania corporation (the
“Company”), to [insert name] (the “Employee”) is made, as of the above Grant
Date, under the Kennametal Inc. Stock and Incentive Plan of 2002, as amended
(the “Plan”). Capitalized terms used herein not otherwise defined shall have
the meaning ascribed to them in the Plan.

	1.	 	Subject to the terms and conditions of this Agreement and the Plan
applicable to an Incentive Bonus Award, the Company hereby grants to the
Employee an Award with a target aggregate value of [write out amount]
dollars ($[figure]) (the “Target Amount”).
	 
	2.	 	Payment of this Award is subject to, and contingent upon, achievement of
the three year performance goals set forth in Schedule A (the “Performance
Goals”). The amount of this Award payable to Employee will be determined
by the level of achievement of the Performance Goals as set forth in the
Performance Goal Payout Table in Schedule A. Achievement of the
Performance Goals, including the level of achievement, and the date of
payment, if any, shall be determined by the Compensation Committee of the
Board of Directors (the “Compensation Committee”), in its sole discretion,
and Employee agrees to be bound by such determination. Any payment of
this Award would be made following the completion of the Company’s 2007
fiscal year.
	 
	3.	 	In the event of Employee’s death or Disability prior to July 1, 2007,
this Award shall be paid at a percentage of the Target Amount determined
by dividing (i) the number of months starting with July 2004 and ending
with the month of Employee’s death or Disability, by (ii) 36. In the
event of Employee’s death, Disability or Retirement on or after July 1,
2007, the amount of this Award to be paid, if any, and the date of payment
shall be determined by the Compensation Committee, in its sole discretion,
in accordance with Paragraph 2 hereof. In the event of Employee’s
Retirement prior to July 1, 2007, the amount of this Award to be paid, if
any, will be equal to the amount that would have been paid to Employee had
Employee not elected Retirement as determined by the Compensation
Committee, in its sole discretion, in accordance with Paragraph 2 hereof,
and such amount shall be reduced by multiplying such amount by a
percentage determined by dividing (i) the number of months starting with
July 2004 and ending with the month of Employee’s Retirement, by (ii) 36.
	 
	4.	 	If the Award is not owed due to a previous Change in Control, death,
Disability or Retirement, it shall be forfeited upon Employee’s
termination of employment for any reason (other than death, Disability or
Retirement) prior to the date of payment of the Award or upon the
Compensation Committee’s determination, in its sole discretion, that the
Performance Goals have not been achieved.
	 
	5.	 	The Award may be paid in cash or in shares of Capital Stock, or any
combination of cash and shares, in the sole discretion of, and on a date
determined by, the Compensation Committee. In the event that any portion
of the Award is paid in shares of Capital Stock, the Compensation
Committee shall determine the number of shares to be delivered to Employee
based on the aggregate value of the Award to be paid in shares of Capital
Stock and the Fair Market Value of

 

 

	 	 	the Capital Stock on the day on which the Compensation Committee
determines the amount of the Award that is due, rounded to the nearest
whole share. The Employee acknowledges and agrees that the Compensation
Committee shall, in its sole discretion, determine the amount of cash
and/or shares of Capital Stock in, and the date on, which the Award is to
be paid and the Employee agrees to be bound by all such determinations.
	 
	6.	 	The Award may not be sold, assigned, pledged, exchanged, hypothecated,
gifted or otherwise transferred, encumbered or disposed of.
	 
	7.	 	All other terms and conditions applicable to this Award are contained in
the Plan.

	 	 	 	 	 
	 	 	KENNAMETAL INC.
	 
	 	 	 	 
	

	 	By:	 	 
	

	 	 	 	
 
	

	 	 	 	David W. Greenfield
	

	 	Title:
	 	Vice President, Secretary and General Counsel

- 2 -

 

KENNAMETAL INC.

NONSTATUTORY STOCK OPTION AWARD

Grant Date: [date of grant]

     This Nonstatutory Stock Option Award made from KENNAMETAL INC., a
Pennsylvania corporation (the “Company”), to [insert name] (the “Optionee”) is
made, as of the above Grant Date, under the Kennametal Inc. Stock and Incentive
Plan of 2002, as amended (the “Plan”).

	1.	 	The Company hereby grants to the Optionee a Nonstatutory Stock Option
(the “Option”) to purchase [number of shares granted] shares of the
Company’s Capital Stock, par value $1.25 per share (the “Shares”), at the
price of $[grant price] per Share, subject to the terms and conditions of
the Plan. Capitalized terms used herein not otherwise defined shall have
the meaning ascribed to them in the Plan.
	 
	2.	 	The Option must be exercised within ten (10) years from the Grant Date
and only at the times and for the number of Shares indicated as follows:
(a) prior to the first anniversary of the Grant Date, the Option is not
exercisable as to any Shares; (b) on the first anniversary of the Grant
Date, the Option shall become exercisable as to one-third (1/3) of the
Shares; (c) on the second anniversary of the Grant Date, the Option shall
become exercisable as to an additional one-third (1/3) of the Shares; and
(d) on the third anniversary of the Grant Date, the Option shall become
exercisable as to the remaining one-third (1/3) of the Shares.
	 
	3.	 	All other terms and conditions applicable to this Award are contained in
the Plan.

	 	 	 	 	 
	 	 	KENNAMETAL INC.
	 
	 	 	 	 
	

	 	By:	 	 
	

	 	 	 	
 
	

	 	 	 	David W. Greenfield
	

	 	Title:
	 	Vice President, Secretary and General Counsel

- 4 -

 

KENNAMETAL INC.

OPTION AWARD

Grant Date: [date of grant]

     This Option Award made from KENNAMETAL INC., a Pennsylvania corporation
(the “Company”), to [insert name] (the “Optionee”) is made, as of the above
Grant Date, under the Kennametal Inc. Stock and Incentive Plan of 2002, as
amended (the “Plan”).

	1.	 	The Company hereby grants to the Optionee an Option (the “Option”) to
purchase [number of shares granted] shares of the Company’s Capital Stock,
par value $1.25 per share (the “Shares”), at the price of $[grant price]
per Share, subject to the terms and conditions of the Plan. Capitalized
terms used herein not otherwise defined shall have the meaning ascribed to
them in the Plan.
	 
	2.	 	For United States taxpayers, it is intended that the Option constitute an
Incentive Stock Option under Section 422 of the Internal Revenue Code of
1986, as amended (the “Code”) as to all of the Shares; provided, however,
that the Code imposes certain limitations on the amount of stock options
that can qualify as Incentive Stock Options. If the Option, either alone
or in conjunction with any other option(s), exceeds the limitations, if
any, imposed by the Code or does not otherwise qualify for treatment as an
Incentive Stock Option, the Option, or that portion of the Option in
excess of such limitation, shall automatically be reclassified (in whole
share increments and without fractional share portions) as a Nonstatutory
Stock Option, with later granted options being so reclassified first. If
relevant, you may want to contact the Company to determine which portion,
if any, of the Option qualifies as an Incentive Stock Option. You are
obligated under the Plan to notify the Company in the event of any
disposition of Shares of Capital Stock effected within two (2) years of
the Grant Date or within one (1) year of the acquisition of such Shares.
	 
	3.	 	The Option must be exercised within ten (10) years from the Grant Date
and only at the times and for the number of Shares indicated as follows:
(a) prior to the first anniversary of the Grant Date, the Option is not
exercisable as to any Shares; (b) on the first anniversary of the Grant
Date, the Option shall become exercisable as to one-third (1/3) of the
Shares; (c) on the second anniversary of the Grant Date, the Option shall
become exercisable as to an additional one-third (1/3) of the Shares; and
(d) on the third anniversary of the Grant Date, the Option shall become
exercisable as to the remaining one-third (1/3) of the Shares.
	 
	4.	 	All other terms and conditions applicable to this Award are contained in
the Plan.

	 	 	 	 	 
	 	 	KENNAMETAL INC.
	 
	 	 	 	 
	

	 	By:	 	 
	

	 	 	 	
 
	

	 	 	 	David W. Greenfield
	

	 	Title:
	 	Vice President, Secretary and General Counsel

- 5 -

 

KENNAMETAL INC.

RESTRICTED STOCK AWARD

Grant Date: [date of grant]

     This Restricted Stock Award made from KENNAMETAL INC., a Pennsylvania
corporation (the “Company”), to [insert name] (the “Awardee”) is made, as of
the above Grant Date, under the Kennametal Inc. Stock and Incentive Plan of
2002, as amended (the “Plan”).

	1.	 	The Company hereby grants to the Awardee a Restricted Stock Award for
[number of shares granted] shares of the Company’s Capital Stock, par
value $1.25 per share (the “Shares”). The Shares are subject to the
Forfeiture Restrictions (defined below). Capitalized terms used herein,
but not otherwise defined, shall have the meaning ascribed to them in the
Plan.
	 
	2.	 	The prohibition against transfer and the obligation to forfeit and
surrender the Shares to the Company are herein referred to as “Forfeiture
Restrictions.” The Shares may not be sold, assigned, pledged, exchanged,
hypothecated, gifted or otherwise transferred, encumbered or disposed of,
except as described in the Plan, to the extent then subject to the
Forfeiture Restrictions. The Shares, to the extent then subject to the
Forfeiture Restrictions, shall be forfeited to the Company upon
termination of employment for any reason other than death, Disability or
Retirement. The Forfeiture Restrictions shall be binding upon, and
enforceable against, any transferee of the Shares.
	 
	3.	 	The Forfeiture Restrictions shall lapse as to the Shares, provided, that
the Awardee has maintained Continuous Status as an Employee (as defined in
the Plan) from the Grant Date through the lapse date, as follows: (a)
Forfeiture Restrictions shall lapse as to one-third (1/3) of the Shares on
the first anniversary of the Grant Date; (b) Forfeiture Restrictions shall
lapse as to an additional one-third (1/3) of the Shares on the second
anniversary of the Grant Date; and (c) Forfeiture Restrictions shall lapse
as to the remaining one-third (1/3) of the Shares on the third anniversary
of the Grant Date.
	 
	4.	 	The Shares shall not be sold or otherwise disposed of in any manner which
would constitute a violation of any applicable federal or state securities
laws. Any certificates representing the Shares shall bear such legend or
legends as the Company deems appropriate in order to assure compliance
with applicable securities laws. The Company may refuse to register the
transfer of the Shares on the stock transfer records of the Company if
such transfer constitutes a violation of any applicable securities law and
the Company may give related instructions to its transfer agent, if any,
to stop registration of the transfer of the Shares.
	 
	5.	 	All other terms and conditions applicable to this Award are contained in
the Plan.

	 	 	 	 	 
	 	 	KENNAMETAL INC.
	 
	 	 	 	 
	

	 	By:	 	 
	

	 	 	 	
 
	

	 	 	 	David W. Greenfield
	

	 	Title:
	 	Vice President, Secretary and General Counsel

- 6 -

 

KENNAMETAL INC.

RESTRICTED STOCK AWARD

Grant Date: [date of grant]

     This Restricted Stock Award made from KENNAMETAL INC., a Pennsylvania
corporation (the “Company”), to [insert name] (the “Awardee”) is made, as of
the above Grant Date, under the Kennametal Inc. Stock and Incentive Plan of
2002, as amended (the “Plan”).

	1.	 	The Company hereby grants to the Awardee a Restricted Stock Award for
[number of shares granted] shares of the Company’s Capital Stock, par
value $1.25 per share (the “Shares”). The Shares are subject to the
Forfeiture Restrictions (defined below). Capitalized terms used herein,
but not otherwise defined, shall have the meaning ascribed to them in the
Plan.
	 
	2.	 	The prohibition against transfer and the obligation to forfeit and
surrender the Shares to the Company are herein referred to as “Forfeiture
Restrictions.” The Shares may not be sold, assigned, pledged, exchanged,
hypothecated, gifted or otherwise transferred, encumbered or disposed of,
except as described in the Plan, to the extent then subject to the
Forfeiture Restrictions. The Shares, to the extent then subject to the
Forfeiture Restrictions, shall be forfeited to the Company upon
termination of employment for any reason other than death, Disability or
Retirement. The Forfeiture Restrictions shall be binding upon, and
enforceable against, any transferee of the Shares.
	 
	3.	 	The Forfeiture Restrictions shall lapse as to the Shares on the third
(3rd) anniversary of the Grant Date (the “Lapse Date”); provided, that the
Awardee has maintained Continuous Status as an Employee (as defined in the
Plan) from the Grant Date through the Lapse Date.
	 
	4.	 	The Shares shall not be sold, or otherwise disposed of, in any manner
which would constitute a violation of any applicable federal or state
securities laws. Any certificates representing the Shares shall bear such
legend or legends as the Company deems appropriate in order to assure
compliance with applicable securities laws. The Company may refuse to
register the transfer of the Shares on the stock transfer records of the
Company if such transfer constitutes a violation of any applicable
securities law and the Company may give related instructions to its
transfer agent, if any, to stop registration of the transfer of the
Shares.
	 
	5.	 	All other terms and conditions applicable to this Award are contained in
the Plan.

	 	 	 	 	 
	 	 	KENNAMETAL INC.
	 
	 	 	 	 
	

	 	By:	 	 
	

	 	 	 	
 
	

	 	 	 	David W. Greenfield
	

	 	Title:
	 	Vice President, Secretary and General Counsel

- 7 -

 

KENNAMETAL INC.

RESTRICTED STOCK AWARD

Grant Date: [date of grant]

     This Restricted Stock Award made from KENNAMETAL INC., a Pennsylvania
corporation (the “Company”), to [insert name] (the “Director”) is made, as of
the above Grant Date, under the Kennametal Inc. Stock and Incentive Plan of
2002, as amended (the “Plan”).

	1.	 	The Company hereby grants to the Director a Restricted Stock Award for
[number of shares granted] shares of the Company’s Capital Stock, par
value $1.25 per share (the “Shares”). The Shares are subject to the
Forfeiture Restrictions (defined below). Capitalized terms used herein,
but not otherwise defined, shall have the meaning ascribed to them in the
Plan.
	 
	2.	 	The prohibition against transfer and the obligation to forfeit and
surrender the Shares to the Company are herein referred to as “Forfeiture
Restrictions.” The Shares may not be sold, assigned, pledged, exchanged,
hypothecated, gifted or otherwise transferred, encumbered or disposed of,
except as described in the Plan, to the extent then subject to the
Forfeiture Restrictions. The Shares, to the extent then subject to the
Forfeiture Restrictions, shall be forfeited to the Company upon the
Director’s cessation of service on the Company’s Board of Directors for
any reason other than death, Disability or Retirement. The Forfeiture
Restrictions shall be binding upon, and enforceable against, any
transferee of the Shares.
	 
	3.	 	The Forfeiture Restrictions shall lapse as to the Shares on the third
(3rd) anniversary of the Grant Date (the “Lapse Date”); provided, that the
Director continues to serve on the Company’s Board of Directors from the
Grant Date through the Lapse Date.
	 
	4.	 	The Shares shall not be sold or otherwise disposed of in any manner which
would constitute a violation of any applicable federal or state securities
laws. Any certificates representing the Shares shall bear such legend or
legends as the Company deems appropriate in order to assure compliance
with applicable securities laws. The Company may refuse to register the
transfer of the Shares on the stock transfer records of the Company if
such transfer constitutes a violation of any applicable securities law and
the Company may give related instructions to its transfer agent, if any,
to stop registration of the transfer of the Shares.
	 
	5.	 	All other terms and conditions applicable to this Award are contained in
the Plan.

	 	 	 	 	 
	 	 	KENNAMETAL INC.
	 
	 	 	 	 
	

	 	By:	 	 
	

	 	 	 	
 
	

	 	 	 	David W. Greenfield
	

	 	Title:
	 	Vice President, Secretary and General Counsel

- 8 -

 

KENNAMETAL INC.

RESTRICTED STOCK AWARD

Grant Date: [date of grant]

     This Restricted Stock Award made from KENNAMETAL INC., a Pennsylvania
corporation (the “Company”), to [insert name] (the “Awardee”) is made, as of
the above Grant Date, under the Kennametal Inc. Stock and Incentive Plan of
2002, as amended (the “Plan”).

	1.	 	The Company hereby grants to the Awardee a Restricted Stock Award for
[number of shares granted] shares of the Company’s Capital Stock, par
value $1.25 per share (the “Shares”). The Shares are subject to the
Forfeiture Restrictions (defined below). Capitalized terms used herein,
but not otherwise defined, shall have the meaning ascribed to them in the
Plan.
	 
	2.	 	The prohibition against transfer and the obligation to forfeit and
surrender the Shares to the Company are herein referred to as “Forfeiture
Restrictions.” The Shares may not be sold, assigned, pledged, exchanged,
hypothecated, gifted or otherwise transferred, encumbered or disposed of,
except as described in the Plan, to the extent then subject to the
Forfeiture Restrictions. The Shares, to the extent then subject to the
Forfeiture Restrictions, shall be forfeited to the Company upon
termination of employment for any reason other than death, Disability or
Retirement. The Forfeiture Restrictions shall be binding upon, and
enforceable against, any transferee of the Shares.
	 
	3.	 	The Forfeiture Restrictions shall lapse as to the Shares on the fifth
(5th) anniversary of the Grant Date (the “Lapse Date”); provided, that the
Awardee has maintained Continuous Status as an Employee (as defined in the
Plan) from the Grant Date through the Lapse Date.
	 
	4.	 	Notwithstanding the Lapse Date set forth in Section 3 above, if, for any
fiscal year prior to the Lapse Date, during which the Awardee has
maintained Continuous Status as an Employee for the entire fiscal year,
the Compensation Committee of the Company’s Board of Directors (the
“Compensation Committee”), acting as the Plan Administrator, determines,
in its sole discretion, that the performance goals of the Company (the
“Performance Goals”) for such fiscal year were fully attained, the vesting
schedule shall be modified as follows: (a) the Forfeiture Restrictions
shall lapse as to one-third (1/3) of the Shares on such date as the
Compensation Committee shall determine following the end of the first such
fiscal year; (b) the Forfeiture Restrictions shall lapse as to an
additional one-third (1/3) of the Shares on such date as the Compensation
Committee shall determine following the end of the second such fiscal
year; and (c) the Forfeiture Restrictions shall lapse as to the remaining
one-third (1/3) of the Shares on such date as the Compensation Committee
shall determine following the end of the third such fiscal year. The
Awardee acknowledges and agrees that the Compensation Committee shall, in
its sole discretion, determine the Performance Goals, whether or not the
Performance Goals were attained, and any date prior to the Lapse Date on
which Forfeiture Restrictions shall lapse and the Awardee agrees to be
bound by all such determinations.
	 
	5.	 	The Shares shall not be sold, or otherwise disposed of, in any manner
which would constitute a violation of any applicable federal or state
securities laws. Any certificates representing the Shares shall bear such
legend or legends as the Company deems appropriate in order to assure
compliance with applicable securities laws. The Company may refuse to
register the transfer of the Shares on the stock transfer records of the
Company if such transfer constitutes a violation of any applicable
securities law and the Company may give related instructions to its
transfer agent, if any, to stop registration of the transfer of the
Shares.

- 9 -

 

	6.	 	All other terms and conditions applicable to this Award are contained in
the Plan.

	 	 	 	 	 
	 	 	KENNAMETAL INC.
	

	 	By:	 	 
	

	 	 	 	
 
	

	 	 	 	David W. Greenfield
	

	 	Title:
	 	Vice President, Secretary and General Counsel

- 10 -

 

KENNAMETAL INC.

RESTRICTED STOCK AWARD

Grant Date: [date of grant]

     This Restricted Stock Award made from KENNAMETAL INC., a Pennsylvania
corporation (the “Company”), to [insert name] (the “Awardee”) is made, as of
the above Grant Date, under the Kennametal Inc. Stock and Incentive Plan of
2002, as amended (the “Plan”).

	1.	 	The Company hereby grants to the Awardee a Restricted Stock Award for
[number of shares granted] shares of the Company’s Capital Stock, par
value $1.25 per share (the “Shares”). The Shares are subject to the
Forfeiture Restrictions (defined below). Capitalized terms used herein,
but not otherwise defined, shall have the meaning ascribed to them in the
Plan.
	 
	2.	 	The prohibition against transfer and the obligation to forfeit and
surrender the Shares to the Company are herein referred to as “Forfeiture
Restrictions.” The Shares may not be sold, assigned, pledged, exchanged,
hypothecated, gifted or otherwise transferred, encumbered or disposed of,
except as described in the Plan, to the extent then subject to the
Forfeiture Restrictions. The Shares, to the extent then subject to the
Forfeiture Restrictions, shall be forfeited to the Company upon
termination of employment for any reason other than death, Disability or
Retirement. The Forfeiture Restrictions shall be binding upon, and
enforceable against, any transferee of the Shares.
	 
	3.	 	The Forfeiture Restrictions shall lapse as to the Shares on the sixth
(6th) anniversary of the Grant Date (the “Lapse Date”); provided, that the
Awardee has maintained Continuous Status as an Employee (as defined in the
Plan) from the Grant Date through the Lapse Date.
	 
	4.	 	Notwithstanding the Lapse Date set forth in Section 3 above, if, for any
fiscal year prior to the Lapse Date, during which the Awardee has
maintained Continuous Status as an Employee for the entire fiscal year,
the Compensation Committee of the Company’s Board of Directors (the
“Compensation Committee”), acting as the Plan Administrator, determines,
in its sole discretion, that the performance goals of the Company (the
“Performance Goals”) for such fiscal year were fully attained, the vesting
schedule shall be modified as follows: (a) the Forfeiture Restrictions
shall lapse as to one-third (1/3) of the Shares on such date as the
Compensation Committee shall determine following the end of the first such
fiscal year; (b) the Forfeiture Restrictions shall lapse as to an
additional one-third (1/3) of the Shares on such date as the Compensation
Committee shall determine following the end of the second such fiscal
year; and (c) the Forfeiture Restrictions shall lapse as to the remaining
one-third (1/3) of the Shares on such date as the Compensation Committee
shall determine following the end of the third such fiscal year. The
Awardee acknowledges and agrees that the Compensation Committee shall, in
its sole discretion, determine the Performance Goals, whether or not the
Performance Goals were attained, and any date prior to the Lapse Date on
which Forfeiture Restrictions shall lapse and the Awardee agrees to be
bound by all such determinations.
	 
	5.	 	The Shares shall not be sold, or otherwise disposed of, in any manner
which would constitute a violation of any applicable federal or state
securities laws. Any certificates representing the Shares shall bear such
legend or legends as the Company deems appropriate in order to assure
compliance with applicable securities laws. The Company may refuse to
register the transfer of the Shares on the stock transfer records of the
Company if such transfer constitutes a violation of any applicable
securities law and the Company may give related instructions to its
transfer agent, if any, to stop registration of the transfer of the
Shares.

- 11 -

 

	6.	 	All other terms and conditions applicable to this Award are contained in
the Plan.

	 	 	 	 	 
	 	 	KENNAMETAL INC.
	 
	 	 	 	 
	

	 	By:	 	 
	

	 	 	 	
 
	

	 	 	 	David W. Greenfield
	

	 	Title:
	 	Vice President, Secretary and General Counsel

- 12 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00071-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00071-of-00352.parquet"}]]