Document:

EX-10.2

 Exhibit 10.2 

EPIQ SYSTEMS, INC. 

NON-QUALIFIED INDUCEMENT STOCK OPTION AGREEMENT 

THIS NON-QUALIFIED INDUCEMENT STOCK OPTION AGREEMENT (“Agreement”) is made as of the date of that certain Notice of Grant of
Non-qualified Inducement Stock Option (the “Notice”), which is attached and is made a part of this Agreement, and is by and between Epiq Systems, Inc., a Missouri corporation (the “Company”), and you (the
“Employee”). 
 WITNESSETH: 

WHEREAS, the Board of Directors of the Company has adopted the Epiq Systems, Inc. 2015 Inducement Award Plan
(the “Plan”); 
 WHEREAS, the Plan provides for granting of non-qualified stock option awards to individuals not
previously employees or non-employee directors of the Company (or following such individuals’ bona fide period of non-employment with the Company), as an inducement material to the individuals’ entry into employment with the Company
pursuant to Rule 5635(c)(4) of the NASDAQ Listing Rules; 
 WHEREAS, the Employee has executed an employment agreement and/or offer letter
(the “Employment Agreement”) with the employing company specified in the Employment Agreement (the “Employer”); 

WHEREAS, as an inducement for the Employee to enter into the Employment Agreement, the Committee, or its delegate, has agreed to grant to the
Employee the right and option (the “Option”) to purchase all or any part of an aggregate number of shares of common stock of the Company (the “Stock”) as reflected in the Notice, which is attached and is made a part
of this Agreement; and 
 WHEREAS, the Employee desires to accept the aforementioned option to purchase the Stock in accordance with the
terms and conditions of the Plan and this Agreement as set forth herein. 
 NOW, THEREFORE, in consideration of the mutual covenants
hereinafter set forth and for other good and valuable consideration, the parties agree as follows: 
  

	SECTION 1	GRANT OF OPTION. 

 The Committee, or its delegate, hereby grants as of
                     (the “Grant Date”) to the Employee the Option to purchase all or any part of an aggregate of the number of
shares of Stock as reflected on the Notice (such number being subject to adjustment as provided in Section 11 hereof) (the “Option Shares”) on the terms and conditions set forth herein and in the Plan. This Option is a
non-qualified stock option. 

	SECTION 2	PURCHASE PRICE. 

 The purchase or exercise price of the Option Shares shall be as
reflected on the Notice, which price represents not less than one hundred percent (100%) of the Fair Market Value (as defined in Section 14 hereof) of a share of Stock as of the Grant Date as determined by the Committee or its
delegate. The purchase price is subject to adjustment as provided in Section 11 hereof. 
  

	SECTION 3	MEDIUM OF PAYMENT. 

 The parties agree that full payment of the purchase price for the
Option Shares and any taxes referred to in Section 13 below shall be payable, to the extent allowed by law, either: (i) in cash (including check, bank draft, money order or wire transfer of immediately available funds); (ii) by
delivery of outstanding mature shares of Stock with a Fair Market Value on the date of exercise equal to the aggregate exercise price payable with respect to the Options exercised; (iii) by simultaneous sale through a broker reasonably
acceptable to the Committee of shares of Stock acquired on exercise, as permitted under Regulation T of the Federal Reserve Board; (iv) by authorizing the Company to withhold from issuance a number of mature shares of Stock issuable upon
exercise of the options which, when multiplied by the Fair Market Value of a share of Stock on the date of exercise, is equal to the aggregate exercise price payable with respect to the options so exercised; or (v) by any combination of the
foregoing. Such shares of Stock shall be valued at their Fair Market Value on the date the Option is exercised in accordance with the terms of this Agreement. 

For purposes of clause (ii) and (iv) above, “mature shares” shall mean those shares of Stock tendered or withheld, as the
case may be, in payment of the exercise price (provided that such tendered/withheld shares of Stock have not been subject to any substantial risk of forfeiture) that have been owned by Employee for at least six (6) months prior to the date of
exercise. 
  

	SECTION 4	OPTION TERM AND TERMINATION. 

  

	(a)	No part of the Option shall be exercised after ten (10) years from the Grant Date. 

  

	(b)	All rights to exercise the Option hereunder shall be either terminated or forfeited in accordance with the following provisions, subject to immediate termination of any portion of the Employee’s Option that has not
vested on or before Employee ceases for any reason to be a director, officer, or employee of the Company and any Subsidiary: 

  

	 	(i)	Death or Disability. If the Employee ceases to be a director, officer or employee of the Company and any Subsidiary due to death or Disability (as defined herein), (A) all of the Employee’s Option
Shares that were exercisable on the date of death or Disability shall remain exercisable for, and shall otherwise terminate at the end of, a period of one (1) year from the date of such death or Disability, but in no event after the expiration
date of the Option Shares; provided that, in the case of Disability, the Employee does not engage in Competition (as defined herein) during such one year period unless the Employee received written consent to do so from the Board of Directors
or the Committee, and (B) all of the Employee’s Option Shares that were not exercisable on the date of death or Disability shall be forfeited immediately upon such death or Disability; provided, however, that such Option
Shares may become fully vested and exercisable in the discretion of the Committee. 

  
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	 	(ii)	Retirement. If the Employee ceases to be a director, officer or employee of the Company and any Subsidiary upon the occurrence of his or her Retirement (as defined herein), (A) all of the Employee’s
Option Shares that were exercisable on the date of Retirement shall remain exercisable for, and shall otherwise terminate at the end of, a period of ninety (90) days after the date of Retirement, but in no event after the expiration date of the
Option Shares; provided that the Employee is not in breach of the Employment Agreement and/or Employee does not engage in Competition during such ninety (90) day period unless the Employee receives written consent to do so from the Board
of Directors or the Committee, and (B) all of the Employee’s Option Shares that were not exercisable on the date of Retirement shall be forfeited immediately upon such Retirement; provided, however, that such Option Shares
may become fully vested and exercisable in the discretion of the Committee. 

  

	 	(iii)	Discharge for Cause. If the Employee ceases to be a director, officer or employee of, or to perform other services for, the Company or a Subsidiary due to Cause (as defined herein), or if the Employee does not
become a director, officer or employee of, or does not begin performing other services for, the Company or a Subsidiary for any reason, all of the Employee’s Option Shares shall expire and be forfeited immediately upon such cessation or
non-commencement, whether or not then exercisable. 

  

	 	(iv)	Other Termination. Unless otherwise determined by the Committee, if the Employee ceases to be a director, officer or employee of the Company or a Subsidiary for any reason other than death, Disability, Retirement
or Cause, (A) all of the Employee’s Option Shares that were exercisable on the date of such cessation shall remain exercisable for, and shall otherwise terminate at the end of, a period of thirty (30) days after the date of such
cessation, but in no event after the expiration date of the Option Shares; provided that the Employee does not engage in Competition during such thirty (30) day period unless the Employee receives written consent to do so from the Board
of Directors or the Committee, and (B) all of the Employee’s Option Shares that were not exercisable on the date of such cessation shall be forfeited immediately upon such cessation. 

 

	 	(v)	Black-out Periods. If there is a blackout period under Section 5 (“Confidential Information, Disclosure and Insider Trading”) of the Company’s Code of Business Conduct and Ethics, Insider
Trading Policy, or similar Company policy, additional Committee-imposed blackout period, or applicable law that prohibits the buying or selling of shares during any part of the ten-day period before the expiration of any Option based on the
termination of Employee’s service (as described above), the period for exercising the Options shall be extended until ten (10) days beyond when such blackout period ends. Notwithstanding any provision within this Agreement, no Option shall
ever be exercisable after the expiration date of its original term as set forth in the Notice and this Agreement. 

  
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	 	(vi)	Definitions. For purposes of this Agreement, and except as may be defined in the Plan or the Employee’s Employment Agreement, the following terms shall have the meanings set forth below:

  

	 	(1)	“Cause” means the occurrence of one or more of the following events: 

  

	 	(a)	Conviction of a felony or any crime or offense lesser than a felony involving fraud, embezzlement, dishonestly, moral turpitude or the property of the Company or a Subsidiary; or 

 

	 	(b)	Conduct that has caused, or should have reasonably been expected to cause, demonstrable and serious injury to the Company or a Subsidiary, monetary or otherwise; or 

 

	 	(c)	Refusal to perform or substantial disregard of material duties properly assigned, as determined by the Company; or 

  

	 	(d)	Breach of duty of loyalty to the Company or Subsidiary or other act of fraud or dishonesty with respect to the Company or a Subsidiary, including any unauthorized use or disclosure of any proprietary information or
trade secrets of the Company or any other party to whom the Employee owes an obligation of nondisclosure as a result of his or her relationship with the Company. 

  

	 	(2)	“Competition” is deemed to occur if the Employee whose employment with the Company or its subsidiaries has terminated obtains a position as a full-time or part-time employee of, as a member of the board
of directors of, or as a consultant or advisor with or to, or acquires an ownership interest in excess of 5% of, a corporation, partnership, firm or other entity that engages in any of the businesses of the Company or any Subsidiary with which the
person was involved in a management role at any time during his or her last five years of employment with or other service for the Company or any subsidiaries. 

  

	 	(3)	“Disability” means a disability that would entitle the Employee to payment of monthly disability payments under any Company long-term disability plan, or as otherwise determined by the Committee.

  
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	 	(4)	“Retirement” means retirement as defined under any Company pension plan or retirement program or termination of one’s employment on retirement with the approval of the Committee. 

 

	SECTION 5	TIME OF EXERCISE. 

  

	(a)	The Option Shares or any installment of the Option Shares will be fully vested on such dates as reflected in the Notice. 

  

	(b)	The Option Shares or any installment of the Option Shares, as described in (a) above, which have become exercisable, may be exercised at any time and from time to time so long as the term of the Option Shares or
such installment thereof has not expired and subject to Section 4, as to all or any part thereof; provided that the Option Shares may not be exercised for a fractional share of Stock. 

 

	(c)	Notwithstanding anything to the contrary set forth in Section 5(a) above and subject to Section 4, if there is a Change in Control (as defined herein) while the Employee is employed by Employer or a
Subsidiary, all of the Employee’s Option Shares shall become fully vested and exercisable upon such Change in Control and shall remain so until the expiration date of the Option Shares, whether or not the Employee is subsequently terminated.

 For purposes of this Agreement, the following terms shall have the meanings set forth below: 

 

	 	(1)	“Change in Control” means the consummation of an event constituting one of the following: 

  

	 	(a)	if any “person” or “group” as those terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended or any successors thereto is or becomes the “beneficial
owner” (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended, or any successor thereto), directly or indirectly, of securities of the Company representing 50% or more of the combined voting power of the Company’s
then outstanding voting securities; or 

  

	 	(b)	during any period of two (2) consecutive years, a majority of the Board ceases to be constituted by individuals who either (A) at the beginning of such period constituted the Board, or (B) thereafter
became new directors whose election by the Board or nomination for election by the Company’s stockholders was approved by at least two-thirds of the directors then still in office who either were directors at the beginning of the period or
whose election was previously so approved; or 

  
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	 	(c)	a merger or consolidation of the Company with any other entity in which the Company is not the surviving entity (in each case, the surviving entity of such merger or consolidation shall be the New Employer, as defined
below), other than a merger or consolidation (A) which would result in all or a portion of the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted
into voting securities of the surviving entity) more than 50% of the combined voting power of the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation or (B) by which the corporate
existence of the Company is not affected and following which the Company’s chief executive officer and directors retain their positions with the Company (and constitute at least a majority of the Board); or 

 

	 	(d)	the stockholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of all or substantially all the Company’s assets. 

 

	 	(2)	“New Employer” means the employer of Employee, or the parent or a subsidiary of such employer, immediately following a Change in Control. 

 

	SECTION 6	METHOD OF EXERCISE AND ISSUANCE OF SHARES. 

  

	(a)	Each exercise of the Option Shares, or all or any portion of an installment thereof, shall be by written notice of exercise delivered to the Chief Executive Officer, President or Chief Financial Officer of the Company
at the Company’s principal place of business specifying the number of shares of Stock to be purchased and accompanied by payment in the manner elected in Section 3 hereof. 

 

	(b)	As soon as practicable after any such exercise in accordance with the foregoing provisions, the Company shall deliver or cause to be delivered certificate(s) to the Employee representing the Stock which relates to such
exercise. 

  

	SECTION 7	NONTRANSFERABILITY. 

 The Option, and all rights and privileges hereunder, shall be
non-assignable and nontransferable by the Employee, either voluntarily or by operation of law except (i) by will, or (ii) by operation of the laws of descent and distribution, or (iii) to Employee’s Family Member by gift or a
qualified domestic relations order. 

  
 6 

	SECTION 8	SHARE AUTHORIZATIONS, CONSENTS, ETC. 

 The Company, during the term of the Option,
will have a sufficient number of shares of Stock authorized to satisfy this Option. The Company will seek to obtain from each regulatory commission or agency having jurisdiction, such authority as may be required to issue and sell Stock to satisfy
the Option. The inability of the Company to obtain from any such regulatory commission or agency authority, which counsel for the Company deems necessary for the lawful issuance and sale of the Stock to satisfy the Option, shall relieve the Company
from any liability for failure to issue and sell stock to satisfy the Option until such time as such authority is obtained. 
  

	SECTION 9	INVESTMENT REPRESENTATIONS. 

 The Employee may be required, if it is deemed necessary in
the opinion of counsel of the Company, to represent to the Company at the time of exercise that it is the Employee’s intention to acquire the Stock for Employee’s private investment only and not for resale or distribution to the public.
The Company may stamp any certificate representing such Stock with a legend to the effect that such Stock has not been registered under the Securities Act of 1933 and that it may not be sold or transferred until so registered, or until an opinion of
counsel satisfactory to the Company is received to the effect that such registration is not necessary. In the event that any Stock issued pursuant to this Agreement is registered under the Securities Act of 1933, as amended, then the investment
representations and restrictions imposed pursuant to federal securities law shall automatically be inoperative with respect to such Stock. Nothing herein shall be deemed to obligate the Company to so register any of such Stock. 

 

	SECTION 10	RIGHTS AS STOCKHOLDER. 

 The Employee shall have no rights as a stockholder with respect
to any Stock issuable pursuant to this Option until the certificate(s) representing such Stock shall have been issued and delivered to the Employee. No adjustment shall be made for dividends or other rights for which the record date is prior to the
date such Stock certificate(s) is delivered to the Employee. 
  

	SECTION 11	CHANGES IN CAPITAL STRUCTURE. 

  

	(a)	The Option granted hereunder shall be subject to adjustment by the Committee as to the number and price of shares subject to such Option in the event of changes in the outstanding shares of Stock by reason of stock
dividends, stock splits, recapitalizations, reorganizations, mergers, consolidations, combinations, exchanges, or other relevant changes in capitalization occurring after the Grant Date. In the event of any such change in the outstanding shares of
Stock, the aggregate number of Option Shares, which remain outstanding, and the exercise price thereof, under this Agreement shall be equitably adjusted by the Committee, whose determination shall be conclusive. 

 

	(b)	Except as otherwise expressly provided herein, the issuance by the Company of shares of its capital stock of any class, or securities convertible into shares of capital stock of any class, either in connection with a
direct sale or upon the exercise of rights or warrants to subscribe therefor, or upon conversion of shares or obligations of the Company convertible into such shares or other securities, shall not affect, and no adjustment by reason thereof shall be
made with respect to, the number or exercise price of the shares of Stock then subject to Option granted hereunder. 

  
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	(c)	Without limiting the generality of the foregoing, the Option granted hereunder shall not affect in any manner the right or power of the Company to make, authorize, or consummate (i) any or all adjustments,
recapitalizations, reorganizations or other changes in the Company’s capital structure or its business; (ii) any merger or consolidation of the Company; (iii) any issue by the Company of debt securities, or preferred or preference
stock that would rank above the shares of Stock subject to Option; (iv) the dissolution or liquidation of the Company; (v) any sale, transfer or assignment of all or any part of the assets or business of the Company; or (vi) any other
corporate act or proceedings, whether of a similar character or otherwise. 

  

	SECTION 12	CONTINUATION OF EMPLOYMENT. 

 Nothing herein shall confer upon the Employee any right to
continued employment, if applicable, or interfere with the right of the Company or a Subsidiary to terminate Employee’s employment at any time, for any reason. 
  

	SECTION 13	TAX TREATMENT AND WITHHOLDING TAXES. 

 The Company intends that the Option will be
considered a non-statutory stock option under the Internal Revenue Code of 1986, as amended. The Employee understands and agrees that, at the time any tax withholding obligation arises in connection with the exercise of the Option, the Company may
withhold, in Stock if a valid and irrevocable election applies under this Section 13 or in cash from payroll or other amounts the Company owes or will owe the Employee, any applicable withholding, payroll and other required tax amounts
due upon such exercise. Such tax withholding may be made by any means permitted under the law and as may be approved by the Committee. In the absence of the satisfaction of tax obligations, the Company may refuse to issue the Option Shares. Unless
otherwise determined by the Committee or its delegate in their sole discretion and unless otherwise prohibited by law, the Employee (or his or her guardian, legal representative or successor) may, in the manner determined by the Committee or its
delegate, irrevocably elect in writing on a Company designated form to satisfy any income tax withholding obligation in connection with the Option exercise by requesting the Company to retain whole Stock which would otherwise have been issued, which
Stock shall not belong to the Employee upon such retention. If withholding is not effected by the Company for any reason at the time of the taxation event, then the Employee agrees to pay the Company any withholding amounts due within the deadline
imposed by the Company. 
 If, within the deadline imposed by Company, the Employee has not paid any withholding amounts due or has not
elected, if allowed by the Committee or its delegate in their sole discretion, whether to have Stock retained for taxes or to pay cash for the tax withholding, then the Company may, at its sole discretion (a) retain whole Stock which would
otherwise have been issued (including without limitation withdrawal of Stock that had previously been placed into the Employee’s book entry account), (b) deduct such amounts in cash from payroll or other amounts the Company owes or will
owe the Employee, or (c) effect some combination of Stock retention and cash deduction. 

  
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 The foregoing is not intended as tax advice to the Employee. The Employee should consult the
Employee’s own tax advisor. 
  

	SECTION 14	FAIR MARKET VALUE. 

 As used herein, the Fair Market Value shall be the officially quoted
closing selling price of the Stock (or if no selling price is quoted, the bid price) on the principal securities exchange on which the Stock is then listed for trading (including for this purpose the NASDAQ Global Select Market) (the
“Market”) for the applicable trading day or, if the Stock is not then listed or quoted in the Market, the Fair Market Value shall be the fair value of the Stock determined in good faith by the Committee; provided,
however, that when shares received upon exercise of an Option are immediately sold in the open market, the net sale price received may be used to determine the Fair Market Value of any shares used to pay the exercise price or applicable
withholding taxes and to compute the withholding taxes. 
  

	SECTION 15	GOVERNING LAW. 

 This Agreement shall be subject to, and governed by, the Laws of the
State of Missouri irrespective of the fact that one or more of the parties now is, or may become, a resident of a different state or country. 
  

	SECTION 16	CONSTRUCTION. 

 This Agreement, together with the Plan, contains a complete statement of
all the arrangements between the Company and Employee with respect to its subject matter. In the event any parts of this Agreement are found to be void, the remaining provisions of this Agreement shall nevertheless be binding with the same effect as
though the void parts were deleted. Capitalized terms not defined herein have the meanings assigned to them in the Plan. 
  

	SECTION 17	BINDING EFFECT. 

 This Agreement shall inure to the benefit of and be binding on the
parties hereto and their respective heirs, executors, administrators, successors and assigns. 
  

	SECTION 18	THE PLAN. 

 The Option is subject to, and the Company and the Employee agree to be bound
by, all of the terms and conditions of the Plan as the same shall be amended from time to time in accordance with the terms thereof, but, unless otherwise provided by the Plan, no such amendment shall adversely affect the Employee’s rights
under this Award, without his or her consent. Pursuant to the Plan, the Board or the Committee, as the case may be, has final authority to construe and interpret the provisions of the Plan and this Agreement. A copy of the Plan in its
present form is available for inspection by the Employee during business hours at the principal office of the Company. 

  
 9 

  

Notice of Grant of Non-qualified Stock Options 

and 
 Non-qualified
Inducement Stock Option Agreement 
  
  

 

							
	[INSERT NAME]	  	Award number:	 	  
	 	
	[INSERT ADDRESS]	  	Plan:	 	  
	 	
		  	ID:	 		 	
		  	Company:	 	 Epiq Systems, Inc.
 ID: 48-1056429

501 Kansas Avenue
 Kansas City, KS 66105-1309
	 	

  
  

Effective                     , you have been granted a
nonqualified inducement stock option to buy                  shares of Epiq Systems, Inc.’s (the Company) common stock at
$         per share. 
 The total option price of the shares granted is
$        . 
 Shares in each period will become fully vested on the date shown. 

 

									
	 Shares
	  	 Vest Type
	  	 Full Vest
	  	 Expiration
	  	 
	  
	  	On Vest Date	  	  
	  	  
	  	
	  
	  	On Vest Date	  	  
	  	  
	  	
	  
	  	On Vest Date	  	  
	  	  
	  	
	  
	  	On Vest Date	  	  
	  	  
	  	

  
  

By your signature and the Company’s signature below, you and the Company agree that these Non-qualified Inducement Stock Options are granted under and
governed by the terms and conditions of the Epiq Systems, Inc. 2015 Inducement Award Plan and that certain Epiq Systems, Inc. Non-qualified Inducement Stock Option Agreement, which is attached hereto and made a part hereof. 

 

					
	  
	 		 	  

	Epiq Systems, Inc.	 		 	Date
			
	  
	 		 	  

	[INSERT NAME]	 		 	DateEX-10.3

 Exhibit 10.3 

EPIQ SYSTEMS, INC. 

INDUCEMENT RESTRICTED STOCK AWARD AGREEMENT 

THIS INDUCEMENT RESTRICTED STOCK AWARD AGREEMENT (“Agreement”) is made as of the date of that certain Notice of Grant of
Inducement Restricted Stock Award (the “Notice”), which is attached and is made a part of this Agreement, and is by and between Epiq Systems, Inc., a Missouri corporation (the “Company”), and you (the
“Employee”). 
 WITNESSETH: 

WHEREAS, the Board of Directors of the Company has adopted the Epiq Systems, Inc. 2015 Inducement Award Plan
(the “Plan”); 
 WHEREAS, the Plan provides for granting of restricted stock awards to individuals not previously
employees or non-employee directors of the Company (or following such individuals’ bona fide period of non-employment with the Company), as an inducement material to the individuals’ entry into employment with the Company pursuant to Rule
5635(c)(4) of the NASDAQ Listing Rules; 
 WHEREAS, the Employee has executed an employment agreement and/or offer letter (the
“Employment Agreement”) with the employing company specified in the Employment Agreement (the “Employer”); 

WHEREAS, as an inducement for the Employee to enter into the Employment Agreement, the Committee (as defined herein), or its delegate, has
granted to the Employee an award of restricted shares of Common Stock (as defined below) of the Company as reflected in the Notice (the “Award”); and 

WHEREAS, the Employee desires to accept the aforementioned Award in accordance with the terms and conditions of the Plan and this Agreement as
set forth herein. 
 NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth and for other good and valuable
consideration, the parties agree as follows: 
  

	SECTION 1	GRANT OF AWARD. 

 The Committee, or its delegate, hereby grants as of
                     (the “Grant Date”) to the Employee the number of shares of Common Stock reflected on the Notice (such number
being subject to adjustment as provided in Section 7 hereof) (the “Restricted Stock”) on the terms and conditions and with the restrictions set forth in this Agreement and the Plan. 

 

	SECTION 2	RESTRICTIONS, NONTRANSFERABILITY. 

 The Restricted Stock, and all rights and privileges
hereunder, are restricted, nonassignable and nontransferable by the Employee, either voluntarily or by operation of law except (i) by will, (ii) by operation of the laws of descent and distribution, or (iii) to an Employee’s
Family Member (as defined herein) by gift or a qualified domestic relations order, and shall not be pledged or hypothecated in any way, until the restrictions are removed or expire as described in Section 4 herein. Any attempt to
sell, assign, margin, transfer, encumber, 

 
convey, give, alienate, hypothecate, pledge or otherwise dispose of the shares of Restricted Stock while restricted will be void and ineffective and will give no right to any purported
transferee, and may, at the discretion of the Committee, result in forfeiture of those shares of Restricted Stock. 
  

	SECTION 3	OTHER CONDITIONS. 

 (a) Termination of Employment. At such
time as Employee ceases to be, or in the event Employee does not become, a director, officer or employee of, or otherwise perform services for, the Company or any Subsidiary for any reason, other than due to Employee’s death or Disability, all
Unvested Shares (as defined below) will be immediately forfeited to the Company and Employee will have no rights therein. [If Employee’s employment or other service to the Company is terminated due to Employee’s death or Disability,
all of Employee’s Unvested Shares will immediately become fully vested, free of all restrictions.] 
 (b) Change in
Control. Immediately prior to a Change in Control (as defined herein), all restrictions on the Unvested Shares will lapse and thereafter the remaining Unvested Shares will vest, free of all restrictions. 

 

	SECTION 4	VESTING. 

 [Of the
                    (                ) shares of Restricted Stock
awarded [by the Committee] on the Grant Date and documented under this Agreement,
                    (                ) shares shall vest immediately
(the “Vested Shares”).] 
 Throughout the time Employee remains continuously employed by the Company or a Subsidiary, or
continues to serve as a director of or provide other services to the Company, [the remaining] [                    ]
(                ) shares of Restricted Stock awarded [by the Committee] on the Grant Date and documented under this Agreement will vest in accordance with the following
vesting schedule: 
  

			
	 Number of Shares
	  	 Full Vesting Date

	  
	  	  

	  
	  	  

 The shares of Restricted Stock that have not vested (“Unvested Shares”) will remain subject
to forfeiture in accordance with Sections 2 and 3 hereof. 
  

	SECTION 5	ISSUANCE OF SHARES. 

 (a) Unvested Shares. The Company will
cause the Unvested Shares of Restricted Stock to be issued in the name of Employee by book-entry registration with the Company’s stock transfer agent. The Unvested Shares of Restricted Stock will be restricted from transfer and may be
subject to an appropriate stop-transfer order.

  
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 Employee agrees, upon the request of the Company, to execute in blank and to deliver to the
Company any related documents as may be deemed advisable by the Company in order to carry out effectively the provisions of this Agreement, and, by execution of this Agreement, Employee designates the Secretary of the Company as his or her attorney
in fact, with full power and authority to execute on Employee’s behalf any of the foregoing documents. 
 (b) Vested
Shares. After any shares of Restricted Stock vest pursuant to Section 4 above, and subject to the withholding of shares for applicable taxes pursuant to Section 9 hereof, the Company will promptly cause the Vested
Shares to be issued in the name of Employee, either by book-entry registration or issuance of a stock certificate or certificates evidencing the whole Vested Shares (less any Vested Shares withheld to pay withholding taxes) and will cause any
certificate or certificates to be delivered to Employee or Employee’s designee, free of any restrictive legend or stop-transfer order. The Company will pay to Employee the value of any fractional Vested Shares in cash at the time the
certificates are delivered to Employee. 
  

	SECTION 6	RIGHTS AS A STOCKHOLDER. 

 Employee is entitled to certain rights of absolute ownership
of the Unvested Shares of Restricted Stock, including the right to vote those Unvested Shares of Restricted Stock (but not the right to receive dividends thereon, which shall accrue and be payable only if and when such Unvested Shares become Vested
Shares), subject, however, to the terms, conditions and restrictions described in this Agreement and the Plan. 
  

	SECTION 7	CHANGES IN CAPITAL STRUCTURE. 

 In the event of a reorganization, recapitalization, stock
split, stock dividend, combination of shares, merger, consolidation, distribution of assets, or any other change in the corporate structure or shares of the Company, the Restricted Stock granted hereunder shall be subject to adjustment by the
Committee in its sole discretion. Without limiting the generality of the foregoing, the Award shall not affect in any manner the right or power of the Company to make, authorize, or consummate: (i) any or all adjustments, recapitalizations,
reorganizations or other changes in the Company’s capital structure or its business; (ii) any merger or consolidation of the Company; (iii) any issue by the Company of debt securities, or preferred or preference stock that would rank
above the shares of Restricted Stock; (iv) the dissolution or liquidation of the Company; (v) any sale, transfer or assignment of all or any part of the assets or business of the Company; or (vi) any other corporate act or
proceedings, whether of a similar character or otherwise. 
  

	SECTION 8	CONTINUATION OF EMPLOYMENT. 

 Nothing herein shall confer upon the Employee any right to
continued employment, if applicable, or interfere with the right of the Company or a Subsidiary to terminate Employee’s employment at any time, for any reason as set forth in the Employment Agreement. 

  
 3 

	SECTION 9	TAX TREATMENT AND WITHHOLDING TAXES. 

 Employee acknowledges and agrees that the Company
will withhold Vested Shares otherwise deliverable to Employee under this Agreement in order to pay for any federal, state or local taxes of any kind required by law to be withheld with respect to the Restricted Stock or this Award. The fair
market value of the Vested Shares to be withheld by the Company will be the Fair Market Value (as defined herein) as of the date the amount of tax to be withheld is determined. In addition, Employee acknowledges and agrees that the Company has
the right, to the maximum extent permitted by law, to deduct from any payment of any kind (including salary or bonus), other payments or awards otherwise due to Employee, any taxes described in the previous sentence required by law to be withheld by
the Company with respect to the Restricted Stock or this Award. Finally, Employee acknowledges that he or she is aware that any taxes referred to in this Section 9 may be due upon the vesting of all or a portion of the Restricted
Stock. 
 The foregoing is not intended as tax advice by the Company to Employee. The Employee should consult his or her own tax
advisor. 
  

	SECTION 10	GOVERNMENT REGULATIONS, REGISTRATION AND LISTING OF STOCK. 

 This Agreement, this Award
and the Company’s obligation to deliver Common Stock evidencing the Restricted Stock under this Agreement will be subject to all applicable federal, state and local laws, rules and regulations and to such approvals which may be required by
regulatory or governmental agencies. Employee represents and covenants that if in the future Employee decides to offer or dispose of any of the Restricted Stock subject to this Agreement or interest therein, Employee will do so only in
compliance with this Agreement, the Securities Act of 1933, as amended, and all the applicable state securities laws. 
  

	SECTION 11	DEFINITIONS. 

 For purposes of this Agreement, the following terms shall have the
meanings set forth below: 
 (a) “Board of Directors” and “Board” mean the board of
directors of the Company. 
 (b) “Change in Control” means the consummation of an event constituting one of
the following: 
 (i) if any “person” or “group” as those terms are used in Sections 13(d) and 14(d) of
the Exchange Act or any successors thereto is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act or any successor thereto), directly or indirectly, of securities of the Company representing 50% or more of
the combined voting power of the Company’s then outstanding voting securities; or 
 (ii) during any period of two
consecutive years, a majority of the Board ceases to be constituted by individuals who either (A) at the beginning of 

  
 4 

 
such period constituted the Board, or (B) thereafter became new directors whose election by the Board or nomination for election by the Company’s stockholders was approved by at least
two-thirds of the directors then still in office who either were directors at the beginning of the period or whose election was previously so approved; or 

(iii) a merger or consolidation of the Company with any other entity in which the Company is not the surviving entity (in each
case, the surviving entity of such merger or consolidation shall be the New Employer, as defined below), other than a merger or consolidation (A) which would result in all or a portion of the voting securities of the Company outstanding
immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than 50% of the combined voting power of the voting securities of the Company or such
surviving entity outstanding immediately after such merger or consolidation or (B) by which the corporate existence of the Company is not affected and following which the Company’s chief executive officer and directors retain their
positions with the Company (and constitute at least a majority of the Board); or 
 (iv) the stockholders of the Company
approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of all or substantially all the Company’s assets. 

(c) “Committee” means the Compensation Committee of the Board or such other committee that consists solely of
two or more members of the Board, each of whom is a “Non-Employee Director” within the meaning of SEC Rule 16b-3 and is an “outside director” within the meaning of Treasury Regulation §1.162-27(e)(3); provided that, if for
any reason the Committee shall not have been appointed by the Board to administer compensation awards, all authority and duties of the Committee under this Agreement shall be vested in and exercised by the Board, and the term “Committee”
shall be deemed to mean the Board for all purposes herein. 
 (d) “Common Stock” means the Common Stock, par
value $0.01 per share, of the Company, and any other shares into which such stock may be changed by reason of a recapitalization, reorganization, merger, consolidation or any other change in the corporate structure or capital stock of the Company.

 (e) “Disability” means a disability that would entitle an eligible Employee to payment of monthly
disability payments under any Company long-term disability plan or as otherwise determined by the Committee. 
 (f)
“Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 (g) “Fair Market
Value” of a share of Common Stock of the Company means, as of the date in question, the officially-quoted closing selling price of the stock (or if no selling price is quoted, the bid price) on the principal securities exchange on which the
Common Stock is then listed for trading (including for this purpose the NASDAQ Global Select Market) (the “Market”) for the applicable trading day or, if the Common Stock is not then listed or quoted in the Market, the Fair Market
Value shall be the fair value of the Common Stock determined in good faith by the Committee. 

  
 5 

 (h) “Family Member” has the meaning given to such term in
General Instructions A.1(a)(5) to Form S-8 under the Securities Act of 1933, as amended, and any successor thereto. 
 (i)
“New Employer” means the employer of Employee under this Agreement, or the parent or a subsidiary of such employer, immediately following a Change in Control. 

(j) “Subsidiary” means a corporation or other entity of which outstanding shares or ownership interests
representing 50% or more of the combined voting power of such corporation or other entity entitled to elect the management thereof, or such lesser percentage as may be approved by the Committee, are owned directly or indirectly by the Company. 

 

	SECTION 12	GOVERNING LAW. 

 This Agreement shall be subject to, and governed by, the Laws of the
State of Missouri irrespective of the fact that one or more of the parties now is, or may become, a resident of a different state or country. The headings in this Agreement are solely for convenience of reference and will not affect its meaning or
interpretation. 
  

	SECTION 13	CONSTRUCTION. 

 This Agreement, together with the Plan, contains a complete statement of
all the arrangements between the Company and Employee with respect to its subject matter. In the event any parts of this Agreement are found to be void, the remaining provisions of this Agreement shall nevertheless be binding with the same effect as
though the void parts were deleted. Capitalized terms not defined herein have the meanings assigned to them in the Plan. 
  

	SECTION 14	BINDING EFFECT. 

 This Agreement shall inure to the benefit of and be binding on the
parties hereto and their respective heirs, executors, administrators, successors and assigns. 
  

	SECTION 15	THE PLAN. 

 The Award is subject to, and the Company and the Employee agree to be bound
by, all of the terms and conditions of the Plan as the same shall be amended from time to time in accordance with the terms thereof, but, unless otherwise provided by the Plan, no such amendment shall adversely affect the Employee’s rights
under this Award, without his or her consent. Pursuant to the Plan, the Board or the Committee, as the case may be, has final authority to construe and interpret the provisions of the Plan and this Agreement. A copy of the Plan in its
present form is available for inspection by the Employee during business hours at the principal office of the Company. 

  
 6 

  

Notice of Grant of Inducement Restricted Stock Award 

and 
 Inducement
Restricted Stock Award Agreement 
  
  

 

							
	[INSERT NAME]	  	Award number:	  	  
	  	
	[INSERT ADDRESS]	  	Plan:	  	  
	  	
		  	ID:	  	  
	  	
		  	Company:	  	 Epiq Systems, Inc.
 ID: 48-1056429

501 Kansas Avenue
 Kansas City, KS 66105-1309
	  	

  
  

Effective                     , you have been granted an
inducement restricted stock award of                 shares of Epiq Systems, Inc. (the Company) common stock. These shares are restricted until the vest date(s) shown
below. 
 The current total value of the award as of the date of the grant is $        . 

The award will fully vest in increments on the date(s) shown. 
  

			
	 Shares
	  	 Full Vest Date

		  	
	  
	  	  

		  	
	  
	  	  

  
  

By your signature and the Company’s signature below, you and the Company agree that this inducement restricted stock award is granted under and governed
by the terms and conditions of the Epiq Systems, Inc. 2015 Inducement Award Plan and that certain Epiq Systems, Inc. Inducement Restricted Stock Award Agreement, which is attached hereto and made a part hereof. 

 

					
	  
 Epiq Systems, Inc.
	 		 	  
 Date

			
	  
 [INSERT NAME]
	 		 	  
 Date

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