Document:

Form of Restricted Stock Award Agreement

 Exhibit 10.6 
 SPS COMMERCE, INC. 
 Restricted Stock Award Agreement

 Under the 2010 Equity Incentive Plan (Director) 

SPS Commerce, Inc. (the “Company”), pursuant to its 2010 Equity Incentive Plan (the “Plan”), hereby grants an award
of Restricted Stock to you, the Participant named below. The terms and conditions of this Restricted Stock Award are set forth in this Restricted Stock Award Agreement (the “Agreement”), consisting of this cover page and the Terms and
Conditions on the following pages, and in the Plan document, a copy of which has been provided to you. To the extent any capitalized term used in this Agreement is not defined, it shall have the meaning assigned to it in the Plan as it currently
exists or as it is amended in the future. 
  

					
	 Name of
Participant:**[                                       
         ]

		
	 Number of Shares of Restricted Stock:
**[            ]
	  	Grant Date:                     ,
20        
			
	 Vesting Schedule:
	  		  	
			
	 Vesting Dates
	  		  	Number of Restricted Shares that Vest

 By signing below, you agree to all of the terms and conditions contained in this Agreement and in the
Plan document. You acknowledge that you have reviewed these documents and that they set forth the entire agreement between you and the Company regarding the grant to you of the number of Shares of Restricted Stock specified in the table above.

  

							
	PARTICIPANT:	 		 	SPS COMMERCE, INC.
				
	 	 		 	By:	 	 
				
		 		 	Title:	 	 

 SPS Commerce, Inc. 

2010 Equity Incentive Plan 
 Restricted Stock Award Agreement 
 Terms and Conditions

  

	1.	Grant of Restricted Stock. The Company hereby grants to you, as of the Grant Date specified on the cover page of this Agreement and subject to the terms
and conditions in this Agreement and the Plan, an Award of the number of Shares of Restricted Stock specified on the cover page of this Agreement. Unless and until these Shares vest as provided in Section 4 below, they are subject to the
restrictions provided for in Section 3 of this Agreement and are referred to as “Restricted Shares.” 

  

	2.	Issuance of Restricted Shares. Until the Restricted Shares vest as provided in Section 4, the Restricted Shares will be evidenced either by a
book-entry in your name with the Company’s transfer agent or by one or more stock certificates issued in your name. Any such stock certificate(s) will be deposited with the Company or its designee and will bear the following legend:

 “This Certificate and the shares of stock evidenced hereby are subject to the terms and conditions
(including possible forfeiture and restrictions on transfer) contained in the Restricted Stock Award Agreement (the “Agreement”) between the registered owner of the shares evidenced hereby and the Company. Release from such terms and
conditions shall be made only in accordance with the provisions of the Agreement, a copy of which is on file in the office of the Company’s Secretary.” 
  

	    	Any book-entry will be accompanied by a similar legend and shall be subject to such stop-transfer orders and other restrictions as the Company may deem advisable.
Simultaneously with the execution and delivery of this Agreement, you shall deliver to the Company one or more stock powers endorsed in blank relating to the Restricted Shares. 

 

	3.	Transfer Restrictions, Possible Forfeiture and Rights as Shareholder. Until the Restricted Shares vest as provided in Section 4, you are not entitled
to sell, transfer, assign, pledge or otherwise encumber or dispose of the Restricted Shares, and the Restricted Shares remain subject to possible forfeiture as provided in Section 5. Except as otherwise provided in this Agreement, you are
entitled at all times on and after the Grant Date specified on the cover page of this Agreement to all the rights of a shareholder with respect to the Restricted Shares, including the right to vote the Restricted Shares and the right to receive
regular cash dividends thereon (subject to applicable tax withholding). 

  

	4.	Vesting of Restricted Shares. 

  

	    	(a) Scheduled Vesting. If you remain a Service Provider to the Company continuously from the Grant Date specified on the cover page of this Agreement, then the
Restricted Shares will vest in the number(s) and on the date(s) specified in the Vesting Schedule on the cover page of this Agreement. 

  
 2 

	    	(b) Accelerated Vesting. Notwithstanding Section 4(a), the Restricted Shares will vest in full upon the occurrence of a Change in Control.

  

	5.	Effect of Termination of Service. Except as otherwise provided in accordance with Section 4(b), if you cease to be a Service Provider to the Company
prior to the Vesting Date(s) specified on the cover page of this Agreement, you will forfeit all unvested Restricted Shares. 

  

	6.	Delivery of Unrestricted Shares. After any Restricted Shares vest pursuant to Section 4, the Company shall, as soon as practicable, cause to be
delivered to you, or to your designated beneficiary or estate in the event of your death, the applicable number of unrestricted Shares. Delivery of the unrestricted Shares shall be effected by the removal of restrictions on the book-entry in the
stock register maintained by the Company’s transfer agent with a corresponding notice provided to you, by the electronic delivery of the Shares to a brokerage account you designate, or by delivery to you of a stock certificate without
restrictive legend. 

  

	7.	Tax Consequences. You acknowledge that unless you make a proper and timely Section 83(b) election as further described below, then at the time the
Restricted Shares vest, you will be obligated to recognize ordinary income in an amount equal to the Fair Market Value as of the date of vesting of the Restricted Shares then vesting. You will be responsible for all tax obligations that arise as a
result of the vesting of Restricted Shares. You understand that, with respect to the grant of this Restricted Stock Award, you may file an election with the Internal Revenue Service, within 30 days of the date of grant, electing pursuant to
Section 83(b) of the Internal Revenue Code to be taxed currently on the Fair Market Value of the Restricted Shares as of the Grant Date. You acknowledge that it is your sole responsibility to timely file an election under Section 83(b) of
the Code. If you make such an election, you must promptly provide the Company with a copy. 

  

	8.	Governing Plan Document. This Agreement and the Award are subject to all the provisions of the Plan, and to all interpretations, rules and regulations
which may, from time to time, be adopted and promulgated by the Committee pursuant to the Plan. If there is any conflict between the provisions of this Agreement and the Plan, the provisions of the Plan will govern. All decisions and interpretations
made by the Committee with regard to any question arising hereunder or under the Plan shall be binding and conclusive upon the Company and you. 

  

	9.	Choice of Law. This Agreement will be interpreted and enforced under the laws of the state of Minnesota (without regard to its conflicts or choice of law
principles). 

  

	10.	Binding Effect. This Agreement will be binding in all respects on your heirs, representatives, successors and assigns, and on the successors and assigns
of the Company. 

  

	11.	Continued Service. Neither this Agreement nor the Award gives you a right to continued Service with the Company, nor interfere in any way with the right
of the Company to terminate such Service. 

 By signing the cover page of this Agreement, you agree to all the terms and
conditions described above and in the Plan document. 

  
 3EX-10.1

 Exhibit 10.1 

 
 

 
 IDEX CORPORATION 630 Dundee Rd., Suite 400 Northbrook, IL 60062-2745
(847) 498-7070 
 PERSONAL AND CONFIDENTIAL VIA EMAIL 

July 18,2005 
 Mr. Heath A. Mitts 
 Dear Heath:

 We are pleased to confirm our offer to you for the position of Vice President, Corporate
Finance for IDEX Corporation. The position will be based at the corporate headquarters in Northbrook, Illinois. In this position, you will report directly to Dominic Romeo, Vice President and Chief Financial Officer. 

The following terms apply: 

	 •
	  
	 Your annual base salary will be $225,000, payable on a biweekly basis at the rate of $8,653.85 per pay
period. You will be eligible for a review of your salary with consideration for an increase on January 1, 2006. While we hope that you have a long and mutually beneficial relationship with IDEX, your employment will not be for any fixed term or
definite period and may be terminated at any time. 

	 •
	  
	 You will be eligible for participation in our Management Incentive Compensation Plan (MICP), which provides
an annual incentive earnings opportunity based on company and personal performance. You will be placed in Salary Range 22 with a target level of incentive compensation of 50% of your annual base pay in effect at the beginning of the plan year. The
actual payout under the plan could be from 0% to 130% of base salary depending upon the performance of IDEX and your individual performance. 

	 •
	  
	 You will be eligible for the full range of ChoiceComp benefits for IDEX employees at the Northbrook
headquarters, including the IDEX Defined Contribution Retirement Plan, IDEX Corporation Supplemental Executive Retirement Plan (benefits in excess of the IRS limits), 401 (k) IDEX Savings Plan, medical and dental coverage, short-term and
long-term disability coverage, life insurance, and enhanced one million-dollar business travel accident coverage. A ChoiceComp folder describing our flexible benefit plan is enclosed. You will be eligible for medical coverage on the first of the
month following your employment date. 

 • Subject to approval of our
Board of Directors, we expect to award you annual equity grants under the IDEX Incentive Award Plan. This plan is designed to provide an incentive and reward to key employees who are in a position to make substantial contributions to the success of
the company. A combination of stock options and restricted stock is normally awarded to Officers at the Annual Shareholders’ Meeting in March. For the March 2006 grant, you shall receive the equivalent of a minimum of 12,000 stock options,
which approximates $150,000 in expected value, with a portion delivered in restricted stock at a conversion rate of approximately 3 to 1. 

 

 
 Letter to Mr. Heath A. Mitts 

July 18,2005 Page Two 

	 •
	  
	 Effective January 1, 2006, you will be eligible to participate in the IDEX Deferred Compensation Plan
for Officers, which provides an alternative to defer income and subsequent earnings on that income until after retirement. 

	 •
	  
	 As an IDEX officer, you are eligible to use a company-provided car under the IDEX Car Policy with a target
value of $34,000 including tax, title, and license. You will be subject to taxable income for the personal use of this car under current IRS regulations. We will assist you to place the order through Wheels, Inc., which supplies our company cars.

	 •
	  
	 You will be eligible for three (3) weeks of vacation annually. Additionally, the IDEX Holiday schedule
typically contains 14 paid holidays, including a shutdown period during the December holiday season. 

	 •
	  
	 You will be eligible for the complete provisions of the IDEX moving policy, as it applies to current
employees, including temporary living, closing costs for the purchase of a Chicago-area home, and payment of moving expenses not otherwise reimbursed by PerkinElmer upon your repatriation from Singapore. A copy of the moving policy is attached.

 In addition, you will be provided tax preparation services relating to your
foreign assignment and repatriation, for 2005 and 2006, should PerkinElmer not provide this support. 

	 •
	  
	 As a special sign-on incentive to offset your unvested stock options at PerkinElmer, an initial equity grant
will be awarded to you on your start date in the amount of 3,500 shares of restricted stock and 20,000 stock options. The initial price at which the options are granted will be the fair market value on the day immediately prior to the effective date
of the grant. Option vesting will occur ratably over four years; restricted shares will cliff vest on the fourth anniversary of the grant. 

	 •
	  
	 As a replacement for your forfeited 2005 PerkinElmer annual bonus, we have agreed to pay you up to $57,000.
In addition, for 2005, we will guarantee that the combination of this replacement bonus and your prorata 2005 MICP award from IDEX will be no less than $100,000. This payment will be made during February 2006 at the time of normal MICP award
payouts, subject to confirmation that you forfeited your entire 2005 PerkinElmer award. 

	 •
	  
	 As discussed with you, we expect that IDEX will continue to grow and prosper as an independent
publicly-owned company. However, in the event of a “Change in Control,” as defined in the 2005 Incentive Award Plan, that results in your termination from service within 24 months of the Change in Control, the Company would be obligated to
pay your salary at the rate then in effect and your then current target MICP bonus for a minimum of 24 months following the date of termination. This payment would not be applicable in the event of your resignation. 

 

 
 Letter to Mr. Heath A. Mitts 

July 18,2005 Page Three 
 This offer of employment is subject to your satis factory completion of a drug and alcohol abuse-screening test and a routine background screening. 

At IDEX we have a strong standard of conduct and ethics policy, a copy of which is enclosed. Immediately
upon accepting employment, we ask that you sign a statement indicating that you have read the policy and will abide by it. 
 The company does require that all salaried employees agree to and sign a Confidentiality and Invention Agreement. A copy is enclosed. 

Two copies of this offer letter are enclosed. Please indicate your acceptance of this offer by signing on
the line provided below and return a signed copy to me by Tuesday, July 19, 2005. 
 Heath,
we have discussed some of the critical challenges and opportunities that our team faces. We are confident that your leadership skills and experience can make a significant contribution to the success of IDEX, and that this position can be a positive
professional step for you. 
 Sincerely, 
 Kimberly Bors 
 Acceptance of Employment Offer Date

 Heath A. Mitts 
 c: D. Romeo L. Kingsley 
 Enclosures: 

	 •
	  
	 ChoiceComp Benefits Booklet 

	 •
	  
	 IDEX Defined Benefit Retirement Plan Summary 

	 •
	  
	 IDEX 401 (k) Plan Summary 

	 •
	  
	 Moving Policy for Current Employees 

	 •
	  
	 Ethics policy 

	 •
	  
	 Ethics acknowledgement form 

	 •
	  
	 Confidentiality Agreement

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