Document:

exv10w67

EXHIBIT 10.67

RETAINER STOCK AGREEMENT

     THIS RETAINER STOCK AGREEMENT (the “Agreement”) is made as of the __ day of _________, 20__,
by and between Citizens Republic Bancorp, Inc. (the “Company”) and the undersigned grantee (the
“Grantee”), pursuant to the Citizens Republic Bancorp, Inc. Stock Compensation Plan (the “Plan”).
Capitalized terms not defined in this Agreement shall have the meanings respectively ascribed to
them in the Plan.

     WHEREAS, the Compensation and Human Resources Committee of the Board of Directors has resolved
to permit directors to elect to receive payment of their annual retainer fee and their committee
chair fees in the form of Company Common Stock reserved under the Plan on the terms set forth in
this Agreement;

     WHEREAS, as required by the Plan, this Agreement sets forth the terms of the deemed grants
pursuant to such arrangement;

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, it is agreed between the parties as follows:

     1. Retainer Stock Award. Subject to the terms and conditions hereof and of the Plan,
$_______ (the “Total Retainer Amount”), representing 100% of the Grantee’s [annual retainer fee]
[committee chair fee], shall be paid from the Plan on the Grant Date in the form of 100% vested,
non-forfeitable Restricted Stock with a Restriction Period of zero days (“Retainer Shares”). In
accepting such award, the Grantee acknowledges that he/she has no further right to receive the
Total Retainer Amount in cash.

     2. Grant Terms. The number of Retainer Shares to be issued in lieu of a cash payment
of the Grantee’s Total Retainer Amount shall be determined by dividing the Total Retainer Amount by
the Fair Market Value of the Company’s Common Stock on the Grant Date. The “Grant Date” for
purposes of this Agreement shall be the date on which the Total Retainer Amount is due and payable
to Grantee. If any fractional share results from the calculation, the number of shares issued
shall be rounded down to the nearest whole number and the fraction shall be disregarded.

     3. Non-Assignability of Agreement. The right to receive Retainer Shares under this
Agreement shall not be transferable. No purported assignment or transfer of this Agreement, or of
the rights represented thereby, whether voluntary or involuntary, by operation of law or otherwise,
shall vest in the purported assignee or transferee any interest or right whatsoever.

     4. Rights as Shareholder. Grantee shall be considered the record owner of the
Retainer Shares and shall have all the rights of a shareholder (including voting and dividend
rights) with respect to the Retainer Shares commencing on the Grant Date.

     5. Payment of Taxes. Grantee shall have full responsibility, and the Company shall
have no responsibility (except as may be imposed by applicable law), for satisfying any liability
for any federal, state or local income or other taxes required by law to be paid with respect to
the Retainer Shares. Grantee should seek his or her own tax counsel regarding the taxation of the
Retainer Shares.

     6. Notices. Every notice relating to this Agreement shall be in writing and if given
by mail shall be given by registered or certified mail with return receipt requested. All notices
to the Company shall be delivered to the Secretary of the Company at the Company’s headquarters.
All notices by the Company to Grantee shall be delivered to Grantee personally or addressed to
Grantee at Grantee’s last residence address as then contained in the records of the Company or such
other address as Grantee may designate. Either party by notice to the other may designate a
different address to which notices shall be addressed. Any notice given by the Company to Grantee
at Grantee’s last designated address shall be effective to bind any other person who shall acquire
rights hereunder.

     7. Governing Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of Michigan without giving effect to conflict of laws principles.

 

 

     8. Provisions of Plan Controlling. The provisions of this Agreement are subject to
the terms and provisions of the Plan. Except to the extent expressly provided in this Agreement
and permitted by the Plan, in the event of any conflict between the provisions of this Agreement
and the provisions of the Plan, the provisions of the Plan shall control. Capitalized terms used
in this Agreement but not otherwise defined shall have the meaning ascribed to them in the Plan.

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

	 	 	 	 	 	 	 

	GRANTEE	 	CITIZENS REPUBLIC BANCORP, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Its:exv10w2

Exhibit 10.2

CONSTANT CONTACT, INC.

Form of

Incentive Stock Option Agreement (for Executives)

Granted Under 2011 Stock Incentive Plan

1. Grant of Option.

     This agreement evidences the grant by Constant Contact, Inc., a Delaware corporation (the
“Company”), on [_________], 20[__] (the “Grant Date”) to [_________], an employee of the Company
(the “Participant”), of an option to purchase, in whole or in part, on the terms provided herein
and in the Company’s 2011 Stock Incentive Plan (the “Plan”), a total of [_____] shares (the
“Shares”) of common stock, $0.01 par value per share, of the Company (“Common Stock”) at $[_____]
per Share. Unless earlier terminated, this option shall expire at 5:00 p.m., Eastern time, on
[_______] (the “Final Exercise Date”).

     It is intended that the option evidenced by this agreement shall be an incentive stock option
as defined in Section 422 of the Internal Revenue Code of 1986, as amended, and any regulations
promulgated thereunder (the “Code”), to the fullest extent permitted thereby. In the event any or
all of this option shall not qualify as an incentive stock option, the portion that is not so
qualified shall be deemed a non-incentive stock option. Except as otherwise indicated by the
context, the term “Participant”, as used in this option, shall be deemed to include any person who
acquires the right to exercise this option validly under its terms.

2. Vesting Schedule.

     This option will become exercisable (“vest”) as to [___]% of the original number of Shares on
[__________] (the “Vesting Commencement Date”) and as to an additional [____]% of the original
number of Shares at the end of each successive quarterly period following the Vesting Commencement
Date until [________________].

     The right of exercise shall be cumulative so that to the extent the option is not exercised in
any period to the maximum extent permissible it shall continue to be exercisable, in whole or in
part, with respect to all Shares for which it is vested until the earlier of the Final Exercise
Date or the termination of this option under Section 3 hereof or the Plan.

     In the event of a Change of Control (as defined below), notwithstanding anything herein to the
contrary, immediately prior to the closing of the Change of Control, 50% of then unvested Shares
shall automatically vest and become exercisable. In such event, the balance of the unvested Shares
shall continue to vest as set forth in Section 2(a) until this option is vested in full.

     If, following a Change of Control, the Participant’s employment with the Company is terminated
by the Company, or its successor, without Cause (as defined below) prior to the one year
anniversary of such Change of Control, all then unvested Shares shall automatically vest and become
exercisable.

 

 

     For the purposes of this Agreement, “Change of Control” shall mean (i) the consolidation or
merger of the Company with or into any other corporation or other entity (other than a merger or
consolidation in which all or substantially all of the individuals and entities who were beneficial
owners of the outstanding securities entitled to vote generally in the election of directors of the
Company immediately prior to such transaction beneficially own, directly or indirectly, more than
50% of the outstanding securities entitled to vote generally in the election of directors of the
resulting, surviving or acquiring corporation in such transaction), (ii) the sale of all or
substantially all of the properties and assets of the Company as an entirety to any other person,
or (iii) the sale or transfer, in a single transaction or series of related transactions, of
outstanding capital stock representing at least a majority of the voting power of the outstanding
capital stock of the Company immediately following such transaction.

3. Exercise of Option.

     (a) Form of Exercise. Each election to exercise this option shall be in a form (which
may be electronic) approved by the Company, and received by the Company or its designated
third-party administrator, accompanied by this agreement and payment in full in the manner provided
in the Plan or transmitted or signified in such other manner as provided at the time of exercise by
the Company or such administrator. For purposes hereof, “third-party administrator” means E*Trade
Corporate Financial Services, Inc. or any successor third-party stock option administrator
designated by the Company from time to time. The Participant may purchase less than the number of
shares covered hereby, provided that no partial exercise of this option may be for any fractional
share.

     (b) Continuous Relationship with the Company Required. Except as otherwise provided
in this Section 3, this option may not be exercised unless the Participant, at the time he or she
exercises this option, is, and has been at all times since the Grant Date, an employee or officer
of, or consultant or advisor to, the Company or any parent or subsidiary of the Company as defined
in Section 424(e) or (f) of the Code (an “Eligible Participant”).

     (c) Termination of Relationship with the Company. If the Participant ceases to be an
Eligible Participant for any reason, then, except as provided in paragraphs (d) and (e) below, the
right to exercise this option shall terminate three months after such cessation (but in no event
after the Final Exercise Date), provided that this option shall be exercisable only to the extent
that the Participant was entitled to exercise this option on the date of such cessation.
Notwithstanding the foregoing, if the Participant, prior to the Final Exercise Date, violates the
non-competition or confidentiality provisions of any employment contract, confidentiality and
nondisclosure agreement or other agreement between the Participant and the Company, the right to
exercise this option shall terminate immediately upon written notice to the Participant from the
Company describing such violation.

     (d) Exercise Period Upon Death or Disability. If the Participant dies or becomes
disabled (within the meaning of Section 22(e)(3) of the Code) prior to the Final Exercise Date
while he or she is an Eligible Participant and the Company has not terminated such relationship for
“cause” as specified in paragraph (e) below, this option shall be exercisable, within the period of
one year following the date of death or disability of the Participant, by the Participant (or in
the case of death by an authorized transferee), provided that this option shall be exercisable only

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to the extent that this option was exercisable by the Participant on the date of his or her
death or disability, and further provided that this option shall not be exercisable after the Final
Exercise Date.

     (e) Termination for Cause. If, prior to the Final Exercise Date, the Participant’s
employment is terminated by the Company for Cause (as defined below), the right to exercise this
option shall terminate immediately upon the effective date of such termination of employment. If
the Participant is party to an employment or severance agreement with the Company that contains a
definition of “cause” for termination of employment, “Cause” shall have the meaning ascribed to
such term in such agreement. Otherwise, “Cause” shall mean willful misconduct by the Participant
or willful failure by the Participant to perform his or her responsibilities to the Company
(including, without limitation, breach by the Participant of any provision of any employment,
consulting, advisory, nondisclosure, non-competition or other similar agreement between the
Participant and the Company), as determined by the Company, which determination shall be
conclusive. The Participant shall be considered to have been discharged for Cause if the Company
determines, within 30 days after the Participant’s resignation, that discharge for Cause was
warranted.

4. Tax Matters.

     (a) Withholding. No Shares will be issued pursuant to the exercise of this option
unless and until the Participant pays to the Company, or makes provision satisfactory to the
Company for payment of, any federal, state or local withholding taxes required by law to be
withheld in respect of this option.

     (b) Disqualifying Disposition. If the Participant disposes of Shares acquired upon
exercise of any portion of this option which is qualified as incentive stock option within two
years from the Grant Date or one year after such Shares were acquired pursuant to exercise of this
option, the Participant shall notify the Company in writing of such disposition.

5. Nontransferability of Option.

     This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the
Participant, either voluntarily or by operation of law, except by will or the laws of descent and
distribution, and, during the lifetime of the Participant, this option shall be exercisable only by
the Participant.

6. Provisions of the Plan.

     This option is subject to the provisions of the Plan, a copy of which is furnished to the
Participant with this option.

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     IN WITNESS WHEREOF, the Company has caused this option to be executed under its corporate seal
by its duly authorized officer. This option shall take effect as a sealed instrument.

	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	CONSTANT CONTACT, INC.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	Name:
	 	 

	 	 
	 

	 	 	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 	 	 	 	 

	 	 
	Dated:
	 	 	 	 	 	 	 	 	 	 
	 

	 	 

	 	 	 	 	 	 	 	 

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PARTICIPANT’S ACCEPTANCE

     By signing below (or by accepting the foregoing option through such other means as may be
established by the Company or its third-party administrator from time to time), the Participant
accepts the foregoing option and agrees to the terms and conditions thereof and acknowledges
receipt of a copy of the Plan.

	 	 	 	 	 	 	 

	 	 	PARTICIPANT:	 	 
	 
	 	 	 	 	 	 
	 

	 	Address:	 	 	 	 
	 

	 	 	 	 

	 	 

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