Document:

exv10waw4

 

Exhibit 10-a.4

ADVANTA CORP.

STOCK AWARD GRANT DOCUMENT (AMIP VI)

     This Restricted Stock Award Grant Document (the “Grant Document”) constitutes the Grant
Document for the Award granted by Advanta Corp. pursuant to the terms of the Advanta Management
Incentive Program VI (“AMIP VI”), a program established under the Advanta Corp. 2000 Omnibus Stock
Incentive Plan (the “Plan”), on <<Grant Date>> the (“Date of Grant”) to
<<Recipient>> (the “Grantee”), and is subject to all applicable terms and conditions
set forth in AMIP VI and subject to the limitations of the Plan.

     1. Definitions. All terms stated with initial capitalization within this Grant Document shall
have the meaning set forth in AMIP VI or the Plan unless otherwise defined herein or as may be
required by the context. As used herein:

          (a) “Restricted Period” means, with respect to each Share that is subject to this Grant
Document, the period beginning on the Date of Grant and ending on the Vesting Date.

          (b) “Restricted Stock” means the <<#>> Shares that have been granted subject to
the terms of this Grant Document.

          (c) “Vesting Date” shall mean the date on which a Share ceases to be subject to restrictions.

     2. Restrictions on the Restricted Stock. During the Restricted Period, the Grantee shall not
be permitted to sell, transfer, pledge or assign the Restricted Stock except by will or by the laws
of descent and distribution. The Company shall, in its discretion, either maintain possession of
the certificates respecting the Restricted Stock, place the certificates in the custody of an
escrow agent for the duration of the Restricted Period or transfer the certificates to the Grantee;
provided, however, that such certificates shall be legended in a manner determined to be
appropriate by the Committee that indicates such restrictions as are in effect with respect to the
Restricted Stock evidenced by such certificates.

     3. Lapse of Restrictions. Subject to the terms and conditions set forth herein, in AMIP VI
and in the Plan, the restrictions set forth in Section 2 with respect to each of the shares of
Restricted Stock shall lapse on the applicable Vesting Date.

          (a) General Vesting Date: The applicable Vesting Date for all shares of Restricted Stock shall
occur on the 10th anniversary of the Date of Grant; provided, however, that on such date the
Grantee is, and has continuously been, during the period commencing on the Date of Grant and ending
on the Vesting Date as determined under this subsection 3(a), an employee of the Company.

          (b) Establishment of Accelerated Vesting Date: Notwithstanding the determination of the
applicable Vesting Date under subsection 3(a) above, consistent with the terms and conditions of
AMIP VI and the Plan, the Committee may determine, at its discretion, to establish an earlier
Vesting Date with respect to all or a portion of the shares of Restricted Stock upon the occurrence
of certain events or conditions, including without limitation, the determination by the Committee
that the Grantee should receive a bonus either below, at or in

 

 

excess of the Grantee’s Target Bonus, upon the retirement of the Grantee, upon the disability
or death of the Grantee and upon the occurrence of a Change in Control.

     4. Rights of Grantee. During the Restricted Period, the Grantee shall have all of the rights
of an owner of Common Stock, including the right to receive dividends. Stock dividends with
respect to the Restricted Stock shall be subject to the same restrictions as the Restricted Stock.

     5. Forfeiture of Restricted Shares. All shares of Restricted Stock for which a Vesting Date
has not been attained shall be forfeited without the receipt of any payment by the Grantee upon the
last day of the Grantee’s employment or service with the Company or upon a Change of Control,
except to the extent that the Committee determines to establish a Vesting Date, including, without
limitation, as set forth in Section 3 hereof. Shares of Restricted Stock which are forfeited shall
be canceled by the Company without any action by the Grantee.

     6. Notices. Any notice to the Company under this Agreement shall be made in care of the
Committee to the office of the General Counsel, at the Company’s main office in Spring House,
Pennsylvania. All notices under this Agreement shall be deemed to have been given when
hand-delivered or mailed, first class postage prepaid, and shall be irrevocable once given.

     7. Securities Laws. The Committee may from time to time impose any conditions on the
Restricted Stock as it deems necessary or advisable to ensure compliance with all applicable state
and federal securities laws, including the Securities Act of 1933, as amended.

     8. Delivery of Shares. As soon as reasonably practicable following the Vesting Date, the
Company shall, without payment from the Grantee (or the person to whom ownership rights may have
passed by will or the laws of descent and distribution) for the applicable shares of Restricted
Stock as to which a Vesting Date has occurred (the “Vested Shares”), deliver to the Grantee (or
such other person) a certificate for the applicable Vested Shares without any legend or
restrictions, except for such restrictions as may be imposed by the Committee, in its sole
judgment, under this Section 8. Prior to delivery of the certificate for the Vested Shares, the
Grantee must satisfy all of the Company’s applicable federal, state and/or local withholding tax
requirements. The Company may condition delivery of certificates for Vested Shares upon the prior
receipt from the Grantee (or such other person) of any undertakings which it may determine are
required to assure that the certificates are being issued in compliance with federal and state
securities laws. The Grantee authorizes the Company to withhold, in accordance with applicable
law, from any compensation payable to him/her any taxes required to be withheld under federal,
state or local law in connection with the Award and, at the Company’s discretion, to withhold
Vested Shares which are subject to this Grant Document, in satisfaction of the Company’s minimum
withholding obligations arising from this Award.

     9. Award Not to Affect Employment. The Award granted hereunder shall not confer upon the
Grantee any right to continue in the employment of the Company.

     10. Amendment to Grant Document. Notwithstanding anything contained herein to the contrary,
the Committee shall have the authority to amend or modify the terms and conditions set forth in
this Grant Document, if the Committee determines, at its discretion, that

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any such amendment or modification is appropriate in order to maintain the effectiveness of
the Award as a method for providing current performance incentives for the Grantee or to effectuate
such other goals or objectives that the Committee determines may appropriately be furthered by any
such amendment or modification; provided, however, that the terms of this Grant Document may not be
changed in a manner that materially adversely affects the Award without the Grantee’s consent.
Notwithstanding the foregoing, the Committee shall have the absolute right to amend this Grant
Document in order to conform the terms hereof to the original intent of the Committee, and to
correct any inadvertent operational errors or errors in the calculation and documentation that may
arise in the implementation of AMIP VI, any grants made thereunder or in any Grant Document.

     11. Miscellaneous.

          (a) The address for the Grantee to which notice, demands and other communications to be given
or delivered under or by reason of the provisions hereof shall be the Grantee’s address as
reflected in the Company’s personnel records.

          (b) In the event that any calculation of a number of shares shall result in a number that
includes a fractional share, the number of shares shall be rounded down to the nearest whole number
of shares.

          (c) The validity, performance, construction and effect of this Award shall be governed by the
laws of Pennsylvania, without giving effect to principles of conflicts of law.

     IN WITNESS WHEREOF, Advanta Corp. has granted this Award as of the Date of Grant first above
written.

	 	 	 	 	 	 	 
	 	 	Advanta Corp.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Attest:	 	 	 	 
	 

	 	 	 	 	 	 

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Exhibit 10-a.5

ADVANTA CORP.

STOCK AWARD GRANT DOCUMENT

(AMIP VI EXTENDED)

     This Restricted Stock Award Grant Document (the “Grant Document”) constitutes the Grant
Document for the Award granted by Advanta Corp. generally pursuant to the terms of the Advanta
Management Incentive Program VI, as modified to extend to cover the 2010 calendar year (“AMIP VI”),
a program established under the Advanta Corp. 2000 Omnibus Stock Incentive Plan (the “Plan”), on
February 1, 2008 the (“Date of Grant”) to «First_Name» «Last_Name» (the “Grantee”). The Award is
subject to all applicable terms and conditions set forth in AMIP VI and subject to the limitations
of the Plan. In general, this grant is made in connection with elections made by the Grantee with
respect to the 2010 calendar year performance period.

     1. Definitions. All terms stated with initial capitalization within this Grant Document
shall have the meaning set forth in AMIP VI or the Plan unless otherwise defined herein or as may
be required by the context. As used herein:

          (a) “Restricted Period” means, with respect to each Share that is subject to this Grant
Document, the period beginning on the Date of Grant and ending on the Vesting Date.

          (b) “Restricted Stock” means the <#> Shares that have been granted subject to the terms
of this Grant Document.

          (c) “Vesting Date” means the date on which a Share ceases to be subject to restrictions.

     2. Restrictions on the Restricted Stock. During the Restricted Period, the Grantee shall not
be permitted to sell, transfer, pledge or assign the Restricted Stock except by will or by the
laws of descent and distribution. The Company shall, in its discretion, either maintain
possession of the certificates respecting the Restricted Stock, place the certificates in the
custody of an escrow agent for the duration of the Restricted Period or transfer the certificates
to the Grantee; provided, however, that such certificates shall be legended in a manner determined
to be appropriate by the Committee that indicates such restrictions as are in effect with respect
to the Restricted Stock evidenced by such certificates.

     3. Lapse of Restrictions. Subject to the terms and conditions set forth herein, in AMIP VI
and in the Plan, the restrictions set forth in Section 2 with respect to each of the shares of
Restricted Stock shall lapse on the applicable Vesting Date.

          (a) General Vesting Date: The applicable Vesting Date for all shares of Restricted Stock shall
occur on the 10th anniversary of the Date of Grant; provided, however, that on such date the
Grantee is, and has continuously been, during the period commencing on the Date of Grant and ending
on the Vesting Date as determined under this subsection 3(a), an employee of the Company.

          (b) Establishment of Accelerated Vesting Date: Notwithstanding the determination of the
applicable Vesting Date under subsection 3(a) above, consistent with the

 

 

terms and conditions of AMIP VI and the Plan, the Committee may determine, at its discretion,
to establish an earlier Vesting Date with respect to all or a portion of the shares of Restricted
Stock upon the occurrence of certain events or conditions, including without limitation, the
determination by the Committee that the Grantee should receive a bonus either below, at or in
excess of the Grantee’s Target Bonus, upon the retirement of the Grantee, upon the disability or
death of the Grantee and upon the occurrence of a Change in Control.

     4. Rights of Grantee. During the Restricted Period, the Grantee shall have all of the rights
of an owner of Common Stock, including the right to receive dividends. Stock dividends with
respect to the Restricted Stock shall be subject to the same restrictions as the Restricted Stock.

     5. Forfeiture of Restricted Shares. All shares of Restricted Stock for which a Vesting Date
has not been attained shall be forfeited without the receipt of any payment by the Grantee upon
the last day of the Grantee’s employment or service with the Company or upon a Change of Control,
except to the extent that the Committee determines to establish a Vesting Date, including, without
limitation, as set forth in Section 3 hereof. Shares of Restricted Stock which are forfeited
shall be canceled by the Company without any action by the Grantee.

     6. Notices. Any notice to the Company under this Agreement shall be made in care of the
Committee to the office of the General Counsel, at the Company’s main office in Spring House,
Pennsylvania. All notices under this Agreement shall be deemed to have been given when
hand-delivered or mailed, first class postage prepaid, and shall be irrevocable once given.

     7. Securities Laws. The Committee may from time to time impose any conditions on the
Restricted Stock as it deems necessary or advisable to ensure compliance with all applicable state
and federal securities laws, including the Securities Act of 1933, as amended.

     8. Delivery of Shares. As soon as reasonably practicable following the Vesting Date, the
Company shall, without payment from the Grantee (or the person to whom ownership rights may have
passed by will or the laws of descent and distribution) for the applicable shares of Restricted
Stock as to which a Vesting Date has occurred (the “Vested Shares”), deliver to the Grantee (or
such other person) a certificate for the applicable Vested Shares without any legend or
restrictions, except for such restrictions as may be imposed by the Committee, in its sole
judgment, under this Section 8. Prior to delivery of the certificate for the Vested Shares, the
Grantee must satisfy all of the Company’s applicable federal, state and/or local withholding tax
requirements. The Company may condition delivery of certificates for Vested Shares upon the prior
receipt from the Grantee (or such other person) of any undertakings which it may determine are
required to assure that the certificates are being issued in compliance with federal and state
securities laws. The Grantee authorizes the Company to withhold, in accordance with applicable
law, from any compensation payable to him/her any taxes required to be withheld under federal,
state or local law in connection with the Award and, at the Company’s discretion, to withhold
Vested Shares which are subject to this Grant Document, in satisfaction of the Company’s minimum
withholding obligations arising from this Award.

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     9. Award Not to Affect Employment. The Award granted hereunder shall not confer upon the
Grantee any right to continue in the employment of the Company.

     10. Amendment to Grant Document. Notwithstanding anything contained herein to the contrary,
the Committee shall have the authority to amend or modify the terms and conditions set forth in
this Grant Document, if the Committee determines, at its discretion, that any such amendment or
modification is appropriate in order to maintain the effectiveness of the Award as a method for
providing current performance incentives for the Grantee or to effectuate such other goals or
objectives that the Committee determines may appropriately be furthered by any such amendment or
modification; provided, however, that the terms of this Grant Document may not be changed in a
manner that materially adversely affects the Award without the Grantee’s consent. Notwithstanding
the foregoing, the Committee shall have the absolute right to amend this Grant Document in order
to conform the terms hereof to the original intent of the Committee, and to correct any
inadvertent operational errors or errors in the calculation and documentation that may arise in
the implementation of AMIP VI, any grants made thereunder or in any Grant Document.

     11. Miscellaneous.

          (a) The address for the Grantee to which notice, demands and other communications to be given
or delivered under or by reason of the provisions hereof shall be the Grantee’s address as
reflected in the Company’s personnel records.

          (b) In the event that any calculation of a number of shares shall result in a number that
includes a fractional share, the number of shares shall be rounded down to the nearest whole number
of shares.

          (c) The validity, performance, construction and effect of this Award shall be governed by the
laws of Pennsylvania, without giving effect to principles of conflicts of law.

     IN WITNESS WHEREOF, Advanta Corp. has granted this Award as of the Date of Grant first above
written.

	 	 	 	 	 	 	 
	 	 	Advanta Corp.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Attest:	 	 	 	 
	 

	 	 	 	 	 	 

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