Document:

Exhibit 10.3

 

SAMPLE FORM OF RESTRICTED STOCK AWARD

 

SL GREEN REALTY CORP.

 

2005 STOCK OPTION AND INCENTIVE PLAN

 

RESTRICTED STOCK AWARD AGREEMENT

 

AGREEMENT by and between
SL Green Realty Corp., a Maryland corporation (the “Company”) and                      
(the “Grantee”), dated as of the    day of           ,
200  .

 

WHEREAS, the Company
maintains the SL Green Realty Corp. 2005 Stock Option and Incentive Plan, as it
may be amended from time to time (the “Plan”) (capitalized terms used but not
defined herein shall have the respective meanings ascribed thereto by the
Plan);

 

WHEREAS, the Grantee is an employee of the Company;
and

 

WHEREAS, the Committee
has determined that it is in the best interests of the Company and its
stockholders to grant restricted stock to the Grantee subject to the terms and
conditions set forth below.

 

NOW, THEREFORE, IT IS
HEREBY AGREED AS FOLLOWS:

 

1.                                       Grant
of Restricted Stock.

 

The Company hereby grants
the Grantee           
restricted shares of Common Stock of the Company (the “Restricted Stock”).  The Restricted Stock is subject to the
following terms and conditions and subject to the provisions of the Plan.  The Plan is hereby incorporated herein by
reference as though set forth herein in its entirety.

 

2.                                       Restrictions
and Conditions.

 

The Restricted Stock shall be subject to the following
restrictions and conditions:

 

(i)                                     The
period of restriction with respect to the shares of Restricted Stock (the “Restriction
Period”) shall begin on the date hereof and shall end on each successive
anniversary (each, a “Vesting Date”), [if and as employment continues], in the
amount of          shares on [insert
date],          shares on [insert date]
and          shares on [insert
date].  Subject to the provisions of the
Plan and this Agreement, during the Restriction Period, except as may otherwise
be permitted by the Committee (after consideration of, among other things, any
applicable securities and tax law considerations) in connection with the
Grantee’s trust or estate planning, the Grantee shall not be permitted
voluntarily or involuntarily to sell, assign, transfer, or otherwise encumber
or dispose of shares of Restricted Stock awarded under the Plan.

 

(ii)                                  Except
as provided in the foregoing clause (i), the Grantee shall have, in respect of
the Restricted Stock, all of the rights of a stockholder of the Company,
including the right to vote the underlying shares.  The Grantee shall be entitled to receive any
cash dividends on any shares of Restricted Stock (whether or not then subject to
restrictions) which have not been forfeited. 
Certificates for shares of Common Stock (not subject to restrictions)
shall be delivered to the Grantee promptly after, and only after, the
Restriction Period shall lapse without forfeiture in respect of such shares.

 

(iii)                               Except as may be
provided in accordance with clause (i) above, upon the termination of the
Grantee’s employment with the Company and its Affiliates for any

 

 

reason by the Company and its Affiliates or by the
Grantee during the Restriction Period, all shares of Restricted Stock still
subject to restriction shall thereupon, and with no further action, be
forfeited by the Grantee.

 

[(iv)                          Upon each Vesting Date, the
Company shall pay the Grantee an additional cash amount, intended to serve generally
as a tax gross-up, equal to   % of the value of the shares then
included in the Grantee’s taxable income.]

 

3.                                       Miscellaneous.

 

(a)                                  THIS
AGREEMENT SHALL BE GOVERNED BY THE LAWS OF THE STATE OF MARYLAND, WITHOUT
REFERENCE TO PRINCIPLES OF CONFLICT OF LAWS. 
The captions of this Agreement are not part of the provisions hereof
and shall have no force or effect.  This
Agreement may not be amended or modified except by a written agreement executed
by the parties hereto or their respective successors and legal
representatives.  The invalidity or
unenforceability of any provision of this Agreement shall not affect the
validity or enforceability of any other provision of this Agreement.

 

(b)                                 The
Committee may make such rules and regulations and establish such
procedures for the administration of this Agreement as it deems
appropriate.  Without limiting the
generality of the foregoing, the Committee may interpret the Plan and this
Agreement, with such interpretations to be conclusive and binding on all
persons and otherwise accorded the maximum deference permitted by law and take
any other actions and make any other determinations that it deems necessary or
appropriate in connection with the Plan, this Agreement or the administration
or interpretation thereof.  In the event
of any dispute or disagreement as to the interpretation of the Plan or this
Agreement or of any rule, regulation or procedure, or as to any question, right
or obligation arising from or related to the Plan or this Agreement, the
decision of the Committee shall be final and binding upon all persons.

 

(c)                                  All
notices hereunder shall be in writing, and if to the Company or the Committee,
shall be delivered to the Board or mailed to its principal office, addressed to
the attention of the Board; and if to the Grantee, shall be delivered
personally or mailed to the Grantee at the address appearing in the records of
the Company.  Such addresses may be
changed at any time by written notice to the other party given in accordance
with this paragraph 3(c).

 

(d)                                 [Without
limiting the Grantee’s rights as may otherwise be applicable in the event of a
Change of Control (as defined in the Grantee’s employment agreement with the
Company then in effect (the “Employment Agreement”)), if] [If] the Company
shall be consolidated or merged with another corporation or other entity, the
Grantee may be required to deposit with the successor corporation the
certificates for the stock or securities or the other property that the Grantee
is entitled to receive by reason of ownership of Restricted Stock in a manner
consistent with the Plan, and such stock, securities or other property shall
become subject to the restrictions and requirements imposed under the Plan and
this Agreement, and the certificates therefor or other evidence thereof shall
bear a legend similar in form and substance to the legend set forth in the
Plan.

 

Any shares or other securities
distributed to the Grantee with respect to Restricted Stock or otherwise issued
in substitution of Restricted Stock shall be subject to the restrictions and
requirements imposed by the Plan and this Agreement, including depositing the
certificates therefor with the Company together with a stock power and bearing
a legend as provided in the Plan.

 

2

 

(e)                                  The
failure of the Grantee or the Company to insist upon strict compliance with any
provision of this Agreement or the Plan, or to assert any right the Grantee or
the Company, respectively, may have under this Agreement or the Plan, shall not
be deemed to be a waiver of such provision or right or any other provision or
right of this Agreement or the Plan.

 

(f)                                    The
Company shall be entitled to withhold from any payments or deemed payments any
amount of tax withholding it determines to be required by law.

 

(g)                                 Nothing
in this Agreement shall confer on the Grantee any right to continue in the
employ or other service of the Company or its Affiliates or interfere in any
way with the right of the Company or its Affiliates and its stockholders to
terminate the Grantee’s employment or other service at any time.

 

(h)                                 This
Agreement contains the entire agreement between the parties with respect to the
subject matter hereof and supersedes all prior agreements, written or oral,
with respect thereto[; provided, however, that, in the event of any
inconsistencies between this Agreement and the Employment Agreement, the
Employment Agreement shall control].

 

3

 

IN WITNESS WHEREOF, the Company and the Grantee have
executed this Agreement as of the day and year first above written.

 

	
   

  	
  SL GREEN REALTY CORP.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  [GRANTEE]

  

 

4Exhibit 10.4

 

SAMPLE FORM EQUITY AWARD AGREEMENT

 

SL GREEN REALTY CORP.

 

2005 STOCK OPTION AND INCENTIVE PLAN

 

EQUITY AWARD AGREEMENT

 

AGREEMENT by and between
SL Green Realty Corp., a Maryland corporation (the “Company”) and                  
(the “Grantee”), dated as of the    day of          ,
200   .

 

WHEREAS, the Company
maintains the SL Green Realty Corp. 2005 Stock Option and Incentive Plan, as it
may be amended from time to time (the “Plan”) (capitalized terms used but not
defined herein shall have the respective meanings ascribed thereto by the
Plan);

 

WHEREAS, the Grantee is an employee of the Company;
and

 

WHEREAS, the Committee
has determined that it is in the best interests of the Company and its
stockholders to grant an equity interest in           ,
a subsidiary of the Company (the “Subsidiary”) to the Grantee, subject to the
terms and conditions set forth below.

 

NOW, THEREFORE, IT IS
HEREBY AGREED AS FOLLOWS:

 

1.                                       Grant
of Subsidiary Equity Interest.

 

The Company hereby grants
the Grantee           Units of            
(“Units”).  The Units are subject to the
following terms and conditions and subject to the provisions of the Plan.  The Plan is hereby incorporated herein by
reference as though set forth herein in its entirety.

 

2.                                       Restrictions
and Conditions.

 

The Units shall be subject to the following
restrictions and conditions:

 

(i)                                     The
period of restriction with respect to the Units (the “Restriction Period”)
shall begin on the date hereof and shall end on the    anniversary
(the “Vesting Date”) [if and as employment with the Company continues].  [Subject to the provisions of this Agreement,
during the Restriction Period, except as may otherwise be permitted by the
[Committee] [Company] (after consideration of, among other things, any applicable
securities and tax considerations) in connection with the Grantee’s trust or
estate planning, the Grantee shall not be permitted voluntarily or
involuntarily to assign, transfer, or otherwise encumber or dispose of Units
awarded hereunder.]

 

(ii)                                  [Except
as provided in the foregoing clause (i), the Grantee shall have, in respect of
the Units, all of the rights of a unitholder of the Subsidiary[, including the
right to vote the underlying Units]. 
[The Grantee shall be entitled to receive any [cash [distributions] on
any Units (whether or not then subject to restrictions) which have not been
forfeited].  [Certificates for Units (not
subject to restrictions) shall be delivered to the Grantee promptly after, and
only after, the Restriction Period shall lapse without forfeiture in respect of
the Units.]

 

[(iii)                           [Except as may be provided
in accordance with clause (i) above, upon] [Upon ] the termination of the
Grantee’s employment with the Company and its Affiliates for any reason by the
Company and its Affiliates or by the Grantee during the Restriction Period,

 

 

all Units still subject to restriction shall
thereupon, and with no further action, be forfeited by the Grantee.]

 

[(iv)                          Upon the Vesting Date, the
Company shall pay the Grantee an additional cash amount, intended to serve
generally as a tax gross-up, equal to   % of the value of the shares
then included in the Grantee’s taxable income.]

 

3.                                       Miscellaneous.

 

(a)                                  THIS
AGREEMENT SHALL BE GOVERNED BY THE LAWS OF THE STATE OF MARYLAND, WITHOUT
REFERENCE TO PRINCIPLES OF CONFLICT OF LAWS. 
The captions of this Agreement are not part of the provisions hereof
and shall have no force or effect.  This
Agreement may not be amended or modified except by a written agreement executed
by the parties hereto or their respective successors and legal
representatives.  The invalidity or
unenforceability of any provision of this Agreement shall not affect the
validity or enforceability of any other provision of this Agreement.

 

(b)                                 The
Committee may make such rules and regulations and establish such
procedures for the administration of this Agreement as it deems
appropriate.  Without limiting the
generality of the foregoing, the Committee may interpret the Plan and this
Agreement, with such interpretations to be conclusive and binding on all
persons and otherwise accorded the maximum deference permitted by law and take
any other actions and make any other determinations that it deems necessary or
appropriate in connection with the Plan, this Agreement or the administration
or interpretation thereof.  In the event
of any dispute or disagreement as to the interpretation of the Plan or this
Agreement or of any rule, regulation or procedure, or as to any question, right
or obligation arising from or related to the Plan or this Agreement, the
decision of the Committee shall be final and binding upon all persons.

 

(c)                                  All
notices hereunder shall be in writing, and if to the Company or the Committee,
shall be delivered to the Board or mailed to its principal office, addressed to
the attention of the Board; and if to the Grantee, shall be delivered
personally or mailed to the Grantee at the address appearing in the records of
the Company.  Such addresses may be
changed at any time by written notice to the other party given in accordance
with this paragraph 3(c).

 

(d)                                 The
failure of the Grantee or the Company to insist upon strict compliance with any
provision of this Agreement or the Plan, or to assert any right the Grantee or
the Company, respectively, may have under this Agreement or the Plan, shall not
be deemed to be a waiver of such provision or right or any other provision or
right of this Agreement or the Plan.

 

(f)                                    The
Company shall be entitled to withhold from any payments or deemed payments any
amount of tax withholding it determines to be required by law.

 

(g)                                 Nothing
in this Agreement shall confer on the Grantee any right to continue in the
employ or other service of the Company or its Affiliates or interfere in any
way with the right of the Company or its Affiliates and its stockholders to
terminate the Grantee’s employment or other service at any time.

 

(h)                                 This
Agreement contains the entire agreement between the parties with respect to the
subject matter hereof and supersedes all prior agreements, written or oral,
with respect thereto[; provided, however, that, in the event of any
inconsistencies between this Agreement and the Employment Agreement, the
Employment Agreement shall control].

 

2

 

IN WITNESS WHEREOF, the Company and the Grantee have
executed this Agreement as of the day and year first above written.

 

	
   

  	
  SL GREEN REALTY CORP.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  [GRANTEE]

  

 

3

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