Document:

exv10w4

Exhibit 10.4

NON-MANAGEMENT DIRECTOR

 RESTRICTED STOCK AWARD AGREEMENT

 UNDER THE

DEVON ENERGY CORPORATION

2005 LONG-TERM INCENTIVE PLAN

     THIS AWARD AGREEMENT (the “Agreement”) entered into as of the «Grant_Date» (the “Grant Date”),
by and between Devon Energy Corporation (the “Company”) and «FirstName» «MiddleName» «Lastname»
(the “Participant”);

WITNESSETH:

     WHEREAS, the Company has previously adopted the “Devon Energy Corporation 2005 Long-Term
Incentive Plan”, as amended and restated June 7, 2006 (the “Plan”); and

     WHEREAS, the Participant is a non-management Director of the Company and it is important to
the Company that the Participant be encouraged to remain a Director of the Company; and

     WHEREAS, in recognition of such facts, the Company desires to award to the Participant
«Shares» shares of the Company common stock under the Plan subject to the terms and conditions of
this Agreement; and

     NOW, THEREFORE, in consideration of the premises and the mutual promises and covenants herein
contained, the Participant and the Company agree as follows (all capitalized terms used herein,
unless otherwise defined, have the meaning ascribed to such terms as set forth in the Plan):

     1. Definitions. Words, terms, or phrases used in this Agreement shall have the
meanings set forth in this section 1:

     (a) The Participant’s “Date of Termination” means the first day occurring on or after the
Grant Date on which the Participant is not a member of the Board.

     (b) “Mandatory Retirement” means the Participant’s mandatory retirement from the Board of
Directors at the next annual meeting of shareholders following the date the Participant reaches his
73rd birthday.

     2. The Plan. The Plan, a copy of which is attached hereto, is hereby incorporated by
reference herein and made a part hereof for all purposes, and when taken with this Agreement shall
govern the rights of the Participant and the Company with respect to the Award (as defined below).

     3. Grant of Award. The Company hereby grants to the Participant an award (the
“Award”) of «Shares» shares of the Company Common Stock, par value $.10 (the “Stock”), on the terms
and conditions set forth herein and in the Plan.

 

 

     4. Terms of Award.

     (a) Escrow of Shares. A certificate or book-entry registration representing the Stock
subject to the Award (the “Restricted Stock”) shall be issued in the name of the Participant and
shall be escrowed with the Secretary of the Company (the “Escrow Agent”) subject to removal of the
restrictions placed thereon or forfeiture pursuant to the terms of this Agreement.

     (b) Vesting. If the Participant’s Date of Termination has not occurred as of the
vesting dates specified below (the “Vesting Dates”), then, the Participant shall be entitled,
subject to the applicable provisions of the Plan and this Agreement having been satisfied, to
receive on or within a reasonable time after the applicable Vesting Dates, on accumulative basis,
the number of shares of Stock as described in the following schedule. Once vested pursuant to the
terms of this Agreement, the Restricted Stock shall be deemed “Vested Stock”.

 Vesting Schedule

	 	 	 
	Vesting Dates	 	Shares Vesting
	«Vestdate1»

	 	«Vestshs1»
	«Vestdate2»

	 	«Vestshs2»
	«Vestdate3»

	 	«Vestshs3»
	«Vestdate4»

	 	«Vestshs4»

The Participant shall forfeit the unvested portion of the Award (including the underlying
Restricted Stock and “Accrued Dividends,” as such term is hereinafter defined) upon the occurrence
of the Participant’s Date of Termination unless the Award becomes vested under the circumstances
described in paragraphs (i), (ii) or (iii) below.

          (i) The Award shall become fully vested upon the occurrence of a Change of Control Event which
occurs prior to the Participant’s Date of Termination.

          (ii) The Award shall become fully vested upon the Participant’s Date of Termination if the
Participant’s Date of Termination occurs by reason of the Participant’s death. In the sole
discretion of the Committee, the Award may become vested upon the Participant’s Date of Termination
with respect to all or a portion of the shares as to which the Award was not vested immediately
prior to such termination, if the Date of Termination occurs by reason of the Participant’s
Disability or occurs under other special circumstances (as determined by the Committee).

          (iii) The Award shall become fully vested upon the Participant’s Date of Termination if the
Participant’s Date of Termination occurs by reason of the Participant’s Mandatory Retirement.

     (c) Voting Rights and Dividends. The Participant shall have all of the voting rights
attributable to the shares of Restricted Stock. Regular quarterly cash dividends declared and paid
by the Company with respect to the shares of Restricted Stock shall be paid to the Participant.
Any extraordinary dividends declared and paid by the Company with respect to shares of Restricted
Stock (“Accrued Dividends”) shall not be paid to the Participant until such Restricted Stock
becomes Vested Stock. Such Accrued Dividends shall be held by the Company as a general obligation
and paid to the Participant at the time the underlying Restricted Stock becomes Vested Stock.

2

 

     (d) Vested Stock – Removal of Restrictions. Upon Restricted Stock becoming Vested
Stock, all restrictions shall be removed from the certificates or book-entry registrations
representing such Stock and the Secretary of the Company shall deliver to the Participant
certificates or a Direct Registration Statement for the book-entry registration, representing
such Vested Stock free and clear of all restrictions, except for any applicable securities laws
restrictions, together with a check in the amount of all Accrued Dividends attributed to such
Vested Stock without interest thereon.

     5. Legends. The shares of Stock which are the subject of the Award shall be subject
to the following legend:

“THE SHARES OF STOCK EVIDENCED BY THIS CERTIFICATE OR BOOK-ENTRY REGISTRATION ARE SUBJECT TO
AND ARE TRANSFERRABLE ONLY IN ACCORDANCE WITH THAT CERTAIN AWARD AGREEMENT FOR DEVON ENERGY
CORPORATION 2005 LONG-TERM INCENTIVE PLAN DATED «Grant_Date». ANY ATTEMPTED TRANSFER OF THE
SHARES OF STOCK EVIDENCED BY THIS CERTIFICATE OR BOOK-ENTRY REGISTRATION IN VIOLATION OF
SUCH AGREEMENT SHALL BE NULL AND VOID AND WITHOUT EFFECT. A COPY OF THE AGREEMENT MAY BE
OBTAINED FROM THE SECRETARY OF DEVON ENERGY CORPORATION.”

     6. Delivery of Forfeited Shares. The Participant authorizes the Secretary to deliver
to the Company any and all shares of Restricted Stock that are forfeited under the provisions of
this Agreement. The Participant further authorizes the Company to hold as a general obligation of
the Company any Accrued Dividends and to pay such dividends to the Participant at the time the
underlying Restricted Stock becomes Vested Stock.

     7. Nontransferability of Award. The Participant shall not have the right to sell,
assign, transfer, convey, dispose, pledge, hypothecate, burden, encumber or charge the Award or any
Restricted Stock or any interest therein in any manner whatsoever.

     8. Notices. All notices or other communications relating to the Plan and this
Agreement as it relates to the Participant shall be in writing and shall be delivered personally or
mailed (U.S. mail) by the Company to the Participant at the then current address as maintained by
the Company or such other address as the Participant may advise the Company in writing.

     9. Binding Effect and Governing Law. This agreement shall be (i) binding upon and
inure to the benefit of the parties hereto and their respective heirs, successors and assigns
except as may be limited by the Plan, and (ii) governed and construed under the laws of the State
of Oklahoma.

     10. Award Subject to Claims of Creditors. The Participant shall not have any interest
in any particular assets of the Company, its parent, if applicable, or any Subsidiary or Affiliated
Entity by reason of the right to earn an Award (including Accrued Dividends) under the Plan and
this Agreement, and the Participant or any other person shall have only the rights of a general
unsecured creditor of the Company, its parent, if applicable, or a Subsidiary or Affiliated Entity
with respect to any rights under the Plan or this Agreement.

     11. Captions. The captions of specific provisions of this Agreement are for
convenience and reference only, and in no way define, describe, extend or limit the scope of this
Agreement or the intent of any provision hereof.

3

 

     12. Counterparts. This Agreement may be executed in any number of identical
counterparts, each of which shall be deemed an original for all purposes, but all of which taken
together shall form one agreement.

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the day and year first
above written.

	 	 	 
	“COMPANY”

	 	DEVON ENERGY CORPORATION
	 

	 	a Delaware corporation
	 
	 	 
	“PARTICIPANT”

	 	«FirstName» «MiddleName» «Lastname»
	 

	 	«Address1»
	 

	 	«Address2»
	 

	 	«City», «State» «Zip»
	 

	 	ID: «ID»

4exv10w5

Exhibit 10.5

2008 INCENTIVE COMPENSATION PLAN

The 2008 Incentive Compensation Plan (the “Plan”) is a cash bonus plan in which the management team
of Coinstar, Inc. (the “Company”), including the Company’s executive officers, are eligible to
participate. The Plan provides discretionary cash bonuses based on the achievement of goals
relating to the performance of the Company, the management team’s performance and individual
performance. The performance period for the Plan is January 1, 2008 to December 31, 2008 (the
“Performance Period”).

The Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”)
administers the Plan. The Compensation Committee, in its sole discretion, selects the individuals
who will participate in the Plan and the actual bonus (if any) payable to each participant. The
target bonus for each participant is determined as a percentage of such participant’s base salary,
ranging from 20% to 60%, as determined by the Compensation Committee in its sole discretion (the
“Target Bonus”).

Payout under the Plan will be determined as follows:

1. Seventy percent (70%) will be based on the Compensation Committee’s discretion after evaluating
the Company’s achievement of the following performance measures:

	 	 	 	 	 	 	 	 	 
	Performance Measure	 	Minimum Goal Range	 	Weighting
	Earnings Before Interest, Tax,
Depreciation and Amortization (EBITDA)
	 	$	135M-$145M	 	 	 	35	%
	Revenue
	 	$	800M-$850M	 	 	 	35	%
	Coin Machine Installations
	 	 	1,250-1,750	 	 	 	7.5	%
	DVD Machine Installations
	 	 	3,500-4,500	 	 	 	7.5	%
	Cross-Selling (selling a different
product line to an existing Company
customer as evidenced by a signed
contract)
	 	 	3,000-7,000	 	 	 	15	%

In the sole discretion of the Compensation Committee, once the minimum of the range is achieved for
a particular performance measure, participants under the Plan may receive between 0% and 200% of
the portion of the Target Bonus applicable to that performance measure, based on the applicable
weighting for that performance measure.

The minimum goal ranges above exclude the effects of any acquisitions completed during the
Performance Period and will be adjusted for any divestitures for the Performance

 

 

Period. Redbox results will be included for the full Performance Period whether it is consolidated
or not.

2. Thirty percent (30%) will be based on the Compensation Committee’s discretion after evaluating
the management team’s and/or individual performance for the entire year, based on any criteria that
the Compensation Committee determines to be appropriate in its sole discretion. The Company’s
Chief Executive Officer will make recommendations to the Compensation Committee regarding
individual bonuses under this component (with the exception of the Chief Executive Officer bonus)
based on a review of individual performance. The Compensation Committee will then review and
approve all individual bonuses. Participants under the Plan may receive between 0% and 200% of the
portion of the Target Bonus applicable to this component.

The Compensation Committee may, in its sole discretion, make adjustments to the payouts under the
Plan as a result of extraordinary events and/or conditions that either positively or negatively
impact the Company’s performance.

Unless specifically provided otherwise in a written agreement between the Company and a
participant, a participant must be continuously employed by the Company from January 1, 2008
through December 31, 2008 to be eligible for payment under this Plan. A participant hired after
January 1, 2008 and employed through December 31, 2008 may receive a pro-rated bonus payment. A
participant who meets these eligibility requirements will be eligible to receive a bonus, even if
the participant is not employed by the Company on the date the bonus payment is made. Payment of
each bonus will be made as soon as practicable after the end of the Performance Period. Bonuses
will be paid in cash in a single lump sum, subject to payroll taxes and tax withholding.

Each bonus that may become payable under the Plan will be paid solely from the general assets of
the Company. Nothing in the Plan should be construed to create a trust or to establish or evidence
any participant’s claim of any right to payment of a bonus other than as an unsecured general
creditor with respect to any payment to which a participant may be entitled.

No participant will have any claim to a bonus under the Plan, and the Compensation Committee will
have no obligation for uniformity of treatment of participants under the Plan. Furthermore,
nothing in the Plan will be deemed to limit in any way the Compensation Committee’s full discretion
to determine whether to grant any bonuses hereunder.

The Compensation Committee reserves the right to unilaterally amend, modify or terminate the Plan
at any time, including amending the Plan as it deems necessary or desirable to avoid adverse tax
consequences under Section 409A of the Internal Revenue Code of 1986, as amended.

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