Document:

exv4w12

Exhibit 4.12

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AND HAVE BEEN ACQUIRED
FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE
SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISTRIBUTION MAY BE
EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED
THERETO OR AN OPINION OF COUNSEL IN A FORM SATISFACTORY TO THE
COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES
ACT OF 1933.

			
	 	 	 
	Warrant No. W-018
	 	Number of Shares: 100,000          
	Date of Issuance: August 25, 2010	 	 

FALLBROOK TECHNOLOGIES INC.

Common Stock Purchase Warrant

     Fallbrook Technologies Inc. (the “Company”), for value received, hereby certifies that
Advanced Strategic Leadership Limited, or its registered assigns (the “Registered Holder”),
is entitled, subject to the terms set forth below, to purchase from the Company, at any time after
the date hereof and on or before the Expiration Date (as defined in Section 4 below), up to one
hundred thousand (100,000) shares (as adjusted from time to time pursuant to the provisions of
this Warrant) of Common Stock of the Company, at a purchase price of $0.3992 per share. The shares
purchasable upon exercise of this Warrant and the purchase price per share, as adjusted from time
to time pursuant to the provisions of this Warrant, are sometimes hereinafter referred to as the
“Warrant Stock” and the “Purchase Price,” respectively.

     1. Exercise.

          (a) Manner of Exercise. This Warrant may be exercised by the Registered
Holder, in whole or in part, by surrendering this Warrant, with the purchase/exercise form
appended hereto as Exhibit A duly executed by such Registered Holder or by such Registered
Holder’s duly authorized attorney, at the principal office of the Company, or at such other office
or agency as the Company may designate, accompanied by payment in full of the Purchase Price
payable in respect of the number of shares of Warrant Stock purchased upon such exercise. The
Purchase Price may be paid by cash, check, wire transfer or by the surrender of promissory notes
or other instruments representing indebtedness of the Company to the Registered Holder.

          (b) Effective Time of Exercise. Each exercise of this Warrant shall be
deemed to have been effected immediately prior to the close of business on the day on which this
Warrant shall have been surrendered to the Company as provided in Section 1(a) above. At such
time, the person or persons in whose name or names any certificates for Warrant Stock shall be
issuable upon such exercise as provided in Section 1(d) below shall be deemed to have become
the holder or holders of record of the Warrant Stock represented by such certificates.

 

 

          (c) Net Issue Exercise.

               (i) In lieu of exercising this Warrant in the manner provided above in Section 1(a), the
Registered Holder may elect to receive shares equal to the value of this Warrant (or the portion
thereof being canceled) by surrender of this Warrant at the principal office of the Company
together with notice of such election on the purchase/exercise form appended hereto as Exhibit A
duly executed by such Registered Holder or such Registered Holder’s duly authorized attorney, in
which event the Company shall issue to holder a number of shares of Common Stock computed using
the following formula:

	 	 	 

	X=

	 	Y (A - B)
	 

	 	 
	 

	 	A

	 	 	 

	Where

	 	X = The number of shares of Common Stock to be issued to the Registered Holder.
	 
	 	 
	 

	 	Y = The number of shares of Common Stock purchasable under this Warrant (at the date of such calculation).
	 
	 	 
	 

	 	A = The fair market value of one share of Common Stock (at the date of such calculation).
	 
	 	 
	 

	 	B = The Purchase Price (as adjusted to the date of such calculation).

               (ii) For purposes of this Section 1 (c), the fair market value of one share of Common Stock
on the date of calculation shall mean:

                    (A) if the exercise is in connection with an initial public
offering of the Company’s Common Stock, and if the Company’s Registration Statement relating to
such public offering has been declared effective by the Securities and Exchange Commission, then
the fair market value of Common Stock shall be the initial “Price to Public” per share specified in
the final prospectus with respect to the offering;

                    (B) if this Warrant is exercised after, and not in connection
with, the Company’s initial public offering, and if the Company’s Common Stock is traded on a
securities exchange or The Nasdaq Stock Market or actively traded over-the-counter:

                         (1) if the Company’s Common Stock is traded on a
securities exchange or The Nasdaq Stock Market, the fair market value shall be deemed to be the
average of the closing prices over a thirty (30) day period ending three days before date of
calculation; or

                         (2) if the Company’s Common Stock is actively traded
over-the-counter, the fair market value shall be deemed to be the average of the closing bid or
sales price (whichever is applicable) over the thirty (30) day period ending three days before the
date of calculation; or

 

 

                    (C) if neither (A) nor (B) is applicable, the fair market value
shall be at the highest price per share which the Company could obtain on the date of calculation
from a willing buyer (not a current employee or director) for shares of Common Stock sold by the
Company, from authorized but unissued shares, as determined in good faith by the Board of
Directors, unless the Company is at such time subject to an acquisition as described in Section
5(b) below, in which case the fair market value per share of Common Stock shall be deemed to be
the value of the consideration per share received by the holders of such stock pursuant to such
acquisition.

          (d) Delivery to Holder. As soon as practicable after the exercise of this Warrant in
whole or in part, and in any event within ten (10) days thereafter, the Company at its expense
will cause to be issued in the name of, and delivered to, the Registered Holder, or as such Holder
(upon payment by such Holder of any applicable transfer taxes) may direct:

               (i) a certificate or certificates for the number of shares of Warrant Stock to which
such Registered Holder shall be entitled, and

               (ii) in case such exercise is in part only, a new warrant or warrants (dated the date hereof)
of like tenor, calling in the aggregate on the face or faces thereof for the number of shares of
Warrant Stock equal (without giving effect to any adjustment therein) to the number of such shares
called for on the face of this Warrant minus the number of such shares purchased by the Registered
Holder upon such exercise as provided in Section 1(a) above.

     2. Adjustments.

          (a) Stock Splits and Dividends. If outstanding shares of the Company’s
Common Stock shall be subdivided into a greater number of shares or a dividend in Common
Stock shall be paid in respect of Common Stock, the Purchase Price in effect immediately prior
to such subdivision or at the record date of such dividend shall simultaneously with the
effectiveness of such subdivision or immediately after the record date of such dividend be
proportionately reduced. If outstanding shares of Common Stock shall be combined into a
smaller number of shares, the Purchase Price in effect immediately prior to such combination
shall, simultaneously with the effectiveness of such combination, be proportionately increased.
When any adjustment is required to be made in the Purchase Price, the number of shares of
Warrant Stock purchasable upon the exercise of this Warrant shall be changed to the number
determined by dividing (i) an amount equal to the number of shares issuable upon the exercise of
this Warrant immediately prior to such adjustment, multiplied by the Purchase Price in effect
immediately prior to such adjustment, by (ii) the Purchase Price in effect immediately after such
adjustment.

          (b) Reclassification, Etc. In case of any reclassification or change of the
outstanding securities of the Company or of any reorganization of the Company (or any other
corporation the stock or securities of which are at the time receivable upon the exercise of this
Warrant) or any similar corporate reorganization on or after the date hereof, then and in each
such case the holder of this Warrant, upon the exercise hereof at any time after the consummation
of such reclassification, change, reorganization, merger or conveyance, shall be entitled to

 

 

receive, in lieu of the stock or other securities and property receivable upon the exercise hereof
prior to such consummation, the stock or other securities or property to which such holder would
have been entitled upon such consummation if such holder had exercised this Warrant immediately
prior thereto, all subject to further adjustment as provided in Section 2(a); and in each such
case, the terms of this Section 2 shall be applicable to the shares of stock or other securities
properly receivable upon the exercise of this Warrant after such consummation.

          (c) Adjustment Certificate. When any adjustment is required to be made in the Warrant
Stock or the Purchase Price pursuant to this Section 2, the Company shall promptly mail to the
Registered Holder a certificate setting forth (i) a brief statement of the facts requiring such
adjustment, (ii) the Purchase Price after such adjustment and (iii) the kind and amount of stock or
other securities or property into which this Warrant shall be exercisable after such adjustment.

     3. Transfers.

          (a) Unregistered Security. Each holder of this Warrant acknowledges that
this Warrant and the Warrant Stock have not been registered under the Securities Act of 1933, as
amended (the “Securities Act”), and agrees not to sell, pledge, distribute, offer for sale, transfer
or otherwise dispose of this Warrant or any Warrant Stock issued upon its exercise in the absence
of (i) an effective registration statement under the Act as to this Warrant or such Warrant Stock
and registration or qualification of this Warrant or such Warrant Stock under any applicable U.S.
federal or state securities law then in effect or (ii) an opinion of counsel, satisfactory to the
Company, that such registration and qualification are not required. Each certificate or other
instrument for Warrant Stock issued upon the exercise of this Warrant shall bear a legend
substantially to the foregoing effect.

          (b) Transferability. Subject to the provisions of Section 3{a) hereof, this
Warrant and all rights hereunder are transferable, in whole or in part, upon surrender of the
Warrant with a properly executed assignment (in the form of Exhibit B hereto) at the principal
office of the Company provided, however, that this Warrant may not be transferred in part unless
the transferee acquires the right to purchase at least all of the shares of Warrant Stock hereunder.

          (c) Warrant Register. The Company will maintain a register containing the
names and addresses of the Registered Holders of this Warrant. Until any transfer of this
Warrant is made in the warrant register, the Company may treat the Registered Holder of this
Warrant as the absolute owner hereof for all purposes; provided, however, that if this Warrant is
properly assigned in blank, the Company may (but shall not be required to) treat the bearer hereof
as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary. Any
Registered Holder may change such Registered Holder’s address as shown on the warrant
register by written notice to the Company requesting such change.

     4. Termination. This Warrant (and the right to purchase securities upon exercise
hereof) shall terminate upon the earliest to occur of the
following (the “Expiration Date”):
(a) December 1, 2012, (b) the sale, conveyance or disposal of all or substantially all of the
Company’s property or business or the Company’s merger with or into or consolidation with any

 

 

other corporation (other than a wholly-owned subsidiary of the Company) or any other transaction
or series of related transactions in which more than fifty percent (50%) of the voting power of
the Company is disposed of, provided that this Section 4(b) shall not apply to a merger
effected exclusively for the purpose of changing the domicile of the Company or to an equity
financing in which the Company is the surviving corporation, or (c) the closing of a firm
commitment underwritten public offering pursuant to a registration statement under the Securities
Act.

     5. Notices of Certain Transactions. In case:

          (a) the Company shall take a record of the holders of its Common Stock (or
other stock or securities at the time deliverable upon the exercise of this Warrant) for the purpose
of entitling or enabling them to receive any dividend or other distribution, or to receive any right
to subscribe for or purchase any shares of stock of any class or any other securities, or to receive
any other right, to subscribe for or purchase any shares of stock of any class or any other
securities, or to receive any other right, or

          (b) of any capital reorganization of the Company, any reclassification of the
capital stock of the Company, any consolidation or merger of the Company, any consolidation or
merger of the Company with or into another corporation (other than a consolidation or merger in
which the Company is the surviving entity), or any transfer of all or substantially all of the assets
of the Company, or

          (c) of the voluntary or involuntary dissolution, liquidation or winding-up of
the Company,

then, and in each such case, the Company will mail or cause to be mailed to the Registered Holder
of this Warrant a notice specifying, as the case may be, (i) the date on which a record is to be
taken for the purpose of such dividend, distribution or right, and stating the amount and
character of such dividend, distribution or right, or (ii) the effective date on which such
reorganization, reclassification, consolidation, merger, transfer, dissolution, liquidation or
winding-up is to take place, and the time, if any is to be fixed, as of which the holders of
record of Common Stock (or such other stock or securities at the time deliverable upon such
reorganization, reclassification, consolidation, merger, transfer, dissolution, liquidation or
winding-up) are to be determined. Such notice shall be mailed at least ten (10) days prior to the
record date or effective date for the event specified in such notice.

     6. “Market Stand-Off” Agreement. The Registered Holder hereby agrees that it
will not, without the prior written consent of the managing underwriters, during the period
commencing on the effective date of a registration statement relating to an initial public offering
(“IPO”) of the Company’s Common Stock (the “Common Stock”) and ending on the date
specified by the Company and the managing underwriters (such period not to exceed one
hundred eighty (180) days, unless requested by the Company or an underwriter to accommodate
regulatory restrictions on (a) the publication or other distribution of research reports and (b)
analyst recommendations and opinions, including, but not limited to, the restrictions contained in
FINRA Rule 2711(f)(4) or NYSE Rule 472(f)(4), or any successor provisions or amendments

 

 

thereto), (i) lend, offer, pledge, sell, contract to sell, sell any option or contract to
purchase, purchase any option or contract to sell, grant any option, right, or warrant to
purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock
or any securities convertible into or exercisable or exchangeable for Common Stock (whether such
shares or any such securities are then owned by the Registered Holder or are thereafter acquired)
or (ii) enter into any swap or other arrangement that transfers to another, in whole or in part,
any of the economic consequences of ownership of the Common Stock, whether any such transaction
described in clause (i) or (ii) above is to be settled by delivery of Common Stock or other
securities, in cash, or otherwise.

     The foregoing provisions of this Section 6 shall not apply to the sale of any shares to an
underwriter pursuant to an underwriting agreement, and shall be applicable to the Registered Holder
only if all officers, directors and stockholders individually owning more than one percent (1%) of
the Company’s outstanding Common Stock are subject to the same restrictions. The underwriters in
connection with the offering are intended third-party beneficiaries of this Section 6 and shall
have the right, power, and authority to enforce the provisions hereof as though they were a party
hereto. The Registered Holder further agrees to execute such agreements as may be reasonably
requested by the managing underwriters in the offering that are consistent with this Section 6 or
that are necessary to give further effect thereto. The Company shall use commercially reasonable
efforts to obtain the consent of the underwriter(s) to decrease the restrictions set forth in this
Section 6 by providing for periodic releases of portions of the securities restricted pursuant to
this Section 6 and to have the restrictions terminate if the trading price of the Common Stock
after the effective date of the IPO exceeds a certain threshold for a certain time period. In order
to enforce the foregoing covenant, the Company may impose stop-transfer instructions with respect
to the shares or securities held by the Registered Holder (and the shares or securities of every
other person subject to the foregoing restriction) until the end of such period.

     7. Representations and Warranties. The Registered Holder hereby represents and
warrants to the Company as follows:

          (a) Purchase Entirely for Own Account. The Warrant and the Warrant
Stock will be acquired by the Registered Holder for investment for the Registered Holder’s own
account, not as a nominee or agent, and not with a view to the resale or distribution of any part
thereof, and that the Registered Holder has no present intention of selling, granting any
participation in, or otherwise distributing the same.

          (b) Disclosure of Information. The Registered Holder has had an opportunity
to discuss the Company’s business, management and financial affairs with the Company’s
management and has had an opportunity to review the Company’s facilities.

          (c) Restricted Securities. The Registered Holder understands that the
Warrant Stock have not been, and will not be, registered under the Securities Act, by reason of a
specific exemption from the registration provisions of the Securities Act which depends upon,
among other things, the bona fide nature of the investment intent and the accuracy of the
Registered Holder’s representations as expressed herein. The Registered Holder understands that

 

 

the Warrant Stock will be “restricted securities” under applicable U.S. federal and state
securities laws and that, pursuant to these laws, the Registered Holder must hold the Warrant
Stock indefinitely unless they are registered with the Securities and Exchange Commission and
qualified by state authorities, or an exemption from such registration and qualification
requirements is available. The Registered Holder acknowledges that the Company has no obligation
to register or qualify the Warrant Stock for resale except as set forth in the Investor Rights
Agreement. The Registered Holder further acknowledges that if an exemption from registration or
qualification is available, it may be conditioned on various requirements including, but not
limited to, the time and manner of sale, the holding period for the Warrant Stock, and on
requirements relating to the Company which are outside of the Registered Holder’s control, and
which the Company is under no obligation and may not be able to satisfy.

          (d) No Public Market. The Registered Holder understands that no public
market now exists for the Warrant Stock, and that the Company has made no assurances that a
public market will ever exist for the Warrant Stock.

          (e) Accredited Investor. The Registered Holder is an accredited investor as
defined in Rule 501 (a) of Regulation D promulgated under the Securities Act.

     8. Registration Rights. The Registered Holder shall be entitled to “piggyback”
registration rights with respect to the Warrant Stock equivalent to those rights set forth in Section
2.2 of that certain Amended and Restated Investors Rights Agreement dated December 18, 2008
by and among the Company and the stockholders of the Company signatory thereto.

     9. Reservation of Stock. The Company will at all times reserve and keep available,
solely for the issuance and delivery upon the exercise of this Warrant, such shares of Warrant
Stock and other stock, securities and property, as from time to time shall be issuable upon the
exercise of this Warrant.

     10. Exchange of Warrants. Upon the surrender by the Registered Holder of any Warrant
or Warrants, properly endorsed, to the Company at the principal office of the Company, the Company
will, subject to the provisions of Section 3 hereof, issue and deliver to or upon the order of such
Holder, at the Company’s expense, a new Warrant or Warrants of like tenor, in the name of such
Registered Holder or as such Registered Holder (upon payment by such Registered Holder of any
applicable transfer taxes) may direct, calling in the aggregate on the face or faces thereof for
the number of shares of Common Stock called for on the face or faces of the Warrant or Warrants so
surrendered.

     11. Replacement of Warrants. Upon receipt of evidence reasonably satisfactory to the
Company of the loss, theft, destruction or mutilation of this Warrant and (in the case of loss,
theft or destruction) upon delivery of an indemnity agreement (with surety if reasonably required)
in an amount reasonably satisfactory to the Company, or (in the case of mutilation) upon surrender
and cancellation of this Warrant, the Company will issue, in lieu thereof, a new Warrant of like
tenor.

 

 

     12. Notices. Any notice required or permitted by this Warrant shall be in writing and
shall be deemed sufficient upon receipt, when delivered personally or by courier, overnight
delivery service or confirmed facsimile, or forty-eight (48) hours after being deposited in the
regular mail as certified or registered mail (airmail if sent internationally) with postage prepaid,
addressed (a) if to the Registered Holder, to the address of the Registered Holder most recently
furnished in writing to the Company and (b) if to the Company, at 9444 Waples St., Suite 410,
San Diego, CA 92121 or such other address provided by written notice to the Registered Holder.

     13. No Rights as Stockholder. Until the exercise of this Warrant, the Registered
Holder of this Warrant shall not have or exercise any rights by virtue hereof as a stockholder of
the Company.

     14. No Fractional Shares. No fractional shares of Common Stock will be issued in
connection with any exercise hereunder. In lieu of any fractional shares which would otherwise
be issuable, the Company shall pay cash equal to the product of such fraction multiplied by the
fair market value of one share of Common Stock on the date of exercise, as determined in good
faith by the Company’s Board of Directors.

     15. Amendment or Waiver. Any term of this Warrant may be amended or waived
only by an instrument in writing signed by the party against which enforcement of the
amendment or waiver is sought.

     16. Headings. The headings in this Warrant are for purposes of reference only and
shall not limit or otherwise affect the meaning of any provision of this Warrant.

     17. Governing Law. This Warrant shall be governed, construed and interpreted in
accordance with the laws of the State of California, without giving effect to principles of
conflicts of law.

[Signature page follows]

 

 

     The Company has caused this Common Stock Purchase Warrant to be issued as of the date
first written above.

	 	 	 	 	 
	 	FALLBROOK TECHNOLOGIES INC.
a Delaware corporation

 	 
	 	By:  	/s/ William G. Klehm, III
 	 
	 	 	William G. Klehm, III 	 
	 	 	CEO, Chairman 	 
	 

[Signature Page to Common Stock Purchase Warrant]

 

 

EXHIBIT A

PURCHASE/EXERCISE FORM

			
	 	 	 
	To:     Fallbrook Technologies, Inc.	 	Dated:                     

     The undersigned, pursuant to the provisions set forth in the attached Common Stock
Purchase Warrant, hereby irrevocably elects to (a) purchase            shares of the
Common Stock covered by such Warrant and herewith makes payment of $           ,
representing the full purchase price for such shares at the price per share provided for in such
Warrant, or (b) exercise such Warrant for            shares purchasable under the
Warrant pursuant to the Net Issue Exercise provisions of Section l(c) of such Warrant.

     The undersigned acknowledges that it has reviewed the representations and warranties
contained in Section 7 of the Warrant and by its signature below hereby makes such representations
and warranties to the Company.

     The undersigned further acknowledges that it has reviewed the market standoff provisions set
forth in Section 6 of the Warrant and hereby confirms its agreement to be bound by such provisions.

	 	 	 	 	 

	 

	 	Signature:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name (print):	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title (if applic.)	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Company (if applic):	 	 
	 

	 	 	 	 

 

 

EXHIBIT B

ASSIGNMENT FORM

     FOR VALUE RECEIVED,                                         hereby
sells, assigns and transfers all of the rights of the undersigned under the attached Warrant with
respect to the number of shares of Common Stock covered thereby set forth below, to:

	 	 	 	 	 
	Name of Assignee	 	Address/Fax Number	 	No. of Shares
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

	 	 	 	 	 	 	 	 	 

	Dated:

	 	 	 	 
	 	Signature:	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Witness:Exhibit 10.12

Exhibit 10.12

Domestic Employees

Dionex Corporation

Performance Stock Unit Grant Notice

(2004 Equity Incentive Plan)

Dionex Corporation (the “Company”), pursuant to Section 8(c) of the Company’s 2004 Equity Incentive
Plan (the “Plan”), hereby awards to Participant a Performance Stock Unit Award covering the number
of stock units (the “Stock Units”) set forth below (the “Award”). This Award shall be evidenced by
this Performance Stock Unit Grant Notice (the “Grant Notice”) and a Performance Stock Unit Award
Agreement (the “Award Agreement”). This Award is subject to all of the terms and conditions as set
forth herein and in the applicable Award Agreement and the Plan, each of which are attached hereto
and incorporated herein in their entirety. Capitalized terms not otherwise defined herein shall
have the meanings set forth in the Plan and the Award Agreement. Except as expressly provided in
the Award Agreement, in the event of any conflict between the terms of the Award and the Plan, the
terms of the Plan shall control.

	 	 	 
	Participant:
	 	 
	 

	 	 
	Date of Grant:
	 	 
	 

	 	 
	Target Stock Unit Amount:
	 	 
	 

	 	 
	Maximum Number of Stock Units:
	 	 
	 

	 	 
	Consideration:

	 	Participant’s services to the Company

Vesting Schedule:

The Award will not vest unless the Executive Equity Compensation Subcommittee of the Company’s
Compensation Committee (the “Subcommittee”) determines that either:

(a) the Company’s consolidated revenues for the fiscal year ending June 30, 2012 represent a
compounded annual growth rate as compared to the Company’s consolidated revenues for the fiscal
year ended June 30, 2010 (the “Revenue Growth
Rate”) of at least         % (50% of the target of         %); or

(b) the Company’s consolidated earnings per share for the fiscal year ended June 30, 2012 represent
a compounded annual growth rate as compared to the Company’s consolidated revenues for the fiscal
year ended June 30, 2010 (the “EPS Growth Rate”) of at least         % (50% of the target of         %).

In the event the Subcommittee makes the determination set forth above, the total number of shares
subject to the Award that will be eligible for vesting will be determined according to the
following formula: (1/2) * ((Revenue Growth Rate/Target) + (EPS Growth Rate /Target)) * Target
Stock Unit Amount, rounded to the nearest whole share and up to a maximum of the Maximum Number of
Stock Units set forth above. In the event the Revenue Growth Rate or the EPS Growth Rate is less
than 50% of the applicable Target, it will be deemed to be zero for purposes of the foregoing
formula. Of the total number of shares eligible for vesting, 50% will vest on the date of the
Subcommittee’s determination thereof, 25% will vest on the third anniversary of the date of grant
and 25% will vest on the fourth anniversary of the date of grant, subject to the recipient’s
Continuous Service (as defined in the Plan).

Delivery Schedule: Delivery of each share of Common Stock for each Stock Unit that vests shall
occur on the date of vesting, subject to the provisions of the Award Agreement.

 

 

 

Additional Terms/Acknowledgements: Participant acknowledges receipt of, and understands and agrees
to, this Grant Notice, the Award Agreement and the Plan. Participant further acknowledges that as
of the Date of Grant, this Grant Notice, the Award Agreement and the Plan set forth the entire
understanding between Participant and the Company regarding the award of the Stock Units and the
underlying Common Stock issuable thereunder and supersede all prior oral and written agreements on
that subject with the exception of Stock Awards previously granted and delivered to Participant
under the Plan. Participant agrees that the Company may that any shares delivered in connection with Stock
Units granted hereunder be held by a broker designated by the Company.

	 	 	 	 	 	 	 
	Dionex Corporation	 	Participant
	 
	 	 	 	 	 	 
	By:
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Signature
	 	Signature
	 
	 	 	 	 	 	 
	Title:

	 	 	 	Date:	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	Date:
	 	 	 	 	 	 
	 

	 	 	 	 	 	 

	 	 	 
	Attachments:

	 	Award Agreement, Plan and Prospectus (The Plan and Prospectus can be found on
the Company’s intranet).

 

 

 

Dionex Corporation 

2004 Equity Incentive Plan

Performance Stock Unit Award Agreement

Pursuant to the Performance Stock Unit Grant Notice (“Grant Notice”) and this Performance
Stock Unit Award Agreement (“Agreement”), Dionex Corporation (the “Company”) has awarded you a
Performance Stock Unit Award pursuant to Section 8(c) of the Company’s 2004 Equity Incentive Plan
(the “Plan”) for the number of Stock Units as indicated in the Grant Notice (collectively, the
“Award”). Defined terms not explicitly defined in this Agreement but defined in the Plan shall
have the same definitions as in the Plan. Except as expressly provided herein, in the event of any
conflict between the terms of this Agreement and the Plan, the terms of the Plan shall control.
The details of this Award, in addition to those set forth in the Grant Notice, are as follows.

1. Grant of Award. This Award represents the right to be issued on a future date the
number of shares of Common Stock as indicated in the Grant Notice. As of the Date of Grant, the
Company will credit to a bookkeeping account maintained by the Company for your benefit (the
“Account”) the number of shares of Common Stock subject to this Award. This Award was granted in
consideration of your services to the Company. Except as otherwise provided herein, you will not
be required to make any payment to the Company (other than services to the Company) with respect to
your receipt of this Award, the vesting of the Stock Units, or the delivery of the underlying
Common Stock.

2. Vesting. The Stock Units shall vest, if at all, as provided in the Vesting
Schedule set forth in your Grant Notice, provided that vesting shall cease upon the termination of
your Continuous Service. Upon such termination of your Continuous Service, the shares credited to
the Account that were not vested on the date of such termination will be forfeited to the Company
and you will have no further right, title or interest in or to such underlying shares of Common
Stock.

3. Number of Stock Units and Shares of Common Stock.

(a) The number of Stock Units subject to this Award and the number of shares of Common Stock
deliverable with respect to such Stock Units may be adjusted from time to time for Capitalization
Adjustments as described in Section 12(a) of the Plan. You shall receive no benefit or adjustment
to this Award with respect to any cash dividend or other distribution that does not result from a
Capitalization Adjustment as described in Section 12(a) of the Plan; provided, however, that this
sentence shall not apply with respect to any shares of Common Stock that are delivered to you in
connection with this Award after such shares have been delivered to you.

(b) Any additional Stock Units, shares of Common Stock, cash or other property that becomes
subject to this Award pursuant to this Section 3 shall be subject, in a manner determined by the
Board, to the same forfeiture restrictions, restrictions on transferability, and time and manner of
delivery as applicable to the other Stock Units and Common Stock covered by this Award.

(c) Notwithstanding the provisions of this Section 3, no fractional Stock Units or rights for
fractional shares of Common Stock shall be created pursuant to this Section 3. The Board shall, in
its discretion, determine an equivalent benefit for any fractional Stock Units or fractional shares
that might be created by the adjustments referred to in this Section 3.

4. Delivery of Shares of Common Stock.

(a) Subject to the provisions of this Agreement, in the event one or more Stock Units vest,
the Company shall deliver to you one share of Common Stock for each Stock Unit that vests as set
forth in your Grant Notice. However, if a scheduled delivery date falls on a date that is not
a business day, such delivery date shall instead fall on the next following business day.

 

 

 

(b) Notwithstanding the foregoing, in the event that you are subject to the Company’s Insider
Trading and “Window Period” Policy (or any successor policy) and any shares covered by this Award
are scheduled to be delivered on a day (the “Original Delivery Date”) that does not fall during a
“window period” applicable to you, as determined by the Company in accordance with such policy,
then such shares shall not be delivered on such Original Delivery Date and shall instead be
delivered on the first business day of the next occurring “window period” applicable to you but in
no event later than 60 days following the Original Delivery Date.

(c) The form of such delivery (e.g., a stock certificate or electronic entry evidencing such
shares) shall be determined by the Company.

(d) In the event of a Corporate Transaction, any surviving corporation or acquiring
corporation may assume or continue this Award or may substitute a similar stock award for this
Award (including but not limited to, an award to acquire the same consideration paid to the
stockholders of the Company, as the case may be, pursuant to the Corporate Transaction). A
surviving corporation or acquiring corporation may not assume or continue only a portion of this
Award or substitute a similar stock award for only a portion of this Award. The terms of any
assumption, continuation or substitution shall be set by the Board. In the event of a Corporate
Transaction that also qualifies as a Change in Control Transaction and any surviving corporation or
acquiring corporation does not assume or continue this Award or substitute a similar stock award
for this Award in such Change in Control Transaction, then if your Continuous Service has not
terminated prior to the effective time of such Change in Control Transaction, the vesting of this
Award shall (contingent upon the effectiveness of such Change in Control Transaction) be
accelerated in full to a date prior to the effective time of such Change in Control Transaction as
the Board shall determine (or, if the Board shall not determine such a date, to the date that is
five days prior to the effective time of such Change in Control Transaction), and the shares
subject to the Stock Units shall be delivered to you no later than 60 days following the date of
the consummation of such Change in Control Transaction. In the event of a Corporate Transaction
that also qualifies as a Change in Control Transaction and any surviving corporation or acquiring
corporation does not assume or continue this Award or substitute a similar stock award for this
Award in such Change in Control Transaction, then if your Continuous Service has terminated prior
to the effective time of such Change in Control Transaction, the vesting of this Award shall not be
accelerated, and this Award shall terminate at or prior to such effective time. The foregoing
provision shall supersede Section 12(c) of the Plan regarding this Award.

5. Securities Law Compliance. You may not be issued any Common Stock under this
Award unless either (i) the shares of Common Stock are then registered under the Securities Act, or
(ii) the Company has determined that such issuance would be exempt from the registration
requirements of the Securities Act. This Award must also comply with other applicable laws and
regulations governing this Award, and you shall not receive such Common Stock if the Company
determines that such receipt would not be in material compliance with such laws and regulations.

6. Restrictive Legends. The Common Stock issued under this Award shall be endorsed
with appropriate legends, if any, determined by the Company.

7. Transfer Restrictions. This Award is not transferable, except by will or by the
laws of descent and distribution. In addition to any other limitation on transfer created by
applicable securities laws, you agree not to assign, hypothecate, donate, encumber or otherwise
dispose of any interest in any of the shares of Common Stock subject to the Award until the shares
are issued to you in
accordance with Section 4 of this Agreement. After the shares have been issued to you, you
are free to assign, hypothecate, donate, encumber or otherwise dispose of any interest in such
shares provided that any such actions are in compliance with the provisions herein and applicable
securities laws. Notwithstanding the foregoing, by delivering written notice to the Company, in a
form satisfactory to the Company, you may designate a third party who, in the event of your death,
shall thereafter be entitled to receive any distribution of Common Stock to which you were entitled
at the time of your death pursuant to this Agreement.

 

 

 

8. Award not a Service Contract. This Award is not an employment or service
contract, and nothing in this Award shall be deemed to create in any way whatsoever any obligation
on your part to continue in the service of the Company or any Affiliate, or on the part of the
Company or any Affiliate to continue such service. In addition, nothing in this Award shall
obligate the Company or any Affiliate, their respective stockholders, boards of directors or
employees to continue any relationship that you might have as an Employee or Consultant of the
Company or any Affiliate.

9. Unsecured Obligation. This Award is unfunded, and even as to any Stock Units
which vest, you shall be considered an unsecured creditor of the Company with respect to the
Company’s obligation, if any, to issue Common Stock pursuant to this Agreement. You shall not have
voting or any other rights as a stockholder of the Company with respect to the Common Stock
acquired pursuant to this Agreement until such Common Stock is issued to you pursuant to Section 4
of this Agreement. Upon such issuance, you will obtain full voting and other rights as a
stockholder of the Company with respect to the Common Stock so issued. Nothing contained in this
Agreement, and no action taken pursuant to its provisions, shall create or be construed to create a
trust of any kind or a fiduciary relationship between you and the Company or any other person.

10. Withholding Obligations.

(a) On or before the time you vest in your Stock Units or receive a distribution of Common
Stock pursuant to this Award, or at any time thereafter as requested by the Company, you hereby
authorize any required withholding from the Common Stock issuable to you and otherwise agree to
make adequate provision in cash for any sums required to satisfy the federal, state, local and
foreign tax withholding obligations of the Company or any Affiliate which arise in connection with
this Award (the “Withholding Taxes”). Additionally, the Company may, in its sole discretion,
satisfy all or any portion of the Withholding Taxes obligation relating to this Award by any of the
following means or by a combination of such means: (i) withholding from any compensation otherwise
payable to you by the Company; (ii) causing you to tender a cash payment; or (iii) withholding
shares of Common Stock from the shares of Common Stock issued or otherwise issuable to you in
connection with this Award with a Fair Market Value (measured as of the date shares of Common Stock
are issued to pursuant to Section 4) equal to the amount of such Withholding Taxes; provided,
however, that the number of such shares of Common Stock so withheld shall not exceed the amount
necessary to satisfy the Company’s required tax withholding obligations using the minimum statutory
withholding rates for federal, state, local and foreign tax purposes, including payroll taxes, that
are applicable to supplemental taxable income.

(b) Unless the tax withholding obligations of the Company and/or any Affiliate are satisfied,
the Company shall have no obligation to deliver to you any Common Stock.

(c) In the event the Company’s obligation to withhold arises prior to the delivery to you of
Common Stock or it is determined after the delivery of Common Stock to you that the amount of the
Company’s withholding obligation was greater than the amount withheld by the Company, you agree to
indemnify and hold the Company harmless from any failure by the Company to withhold the proper
amount.

 

 

 

11. Notices. Any notices required to be given or delivered to the Company under the
terms of this Award shall be in writing and addressed to the Company at its principal corporate
offices. Any notice required to be given or delivered to you shall be in writing and addressed to
your address as on file with the Company at the time notice is given. All notices shall be deemed
effective upon personal delivery or upon deposit in the U.S. mail, postage prepaid and properly
addressed to the party to be notified.

12. Headings. The headings of the Sections in this Agreement are inserted for
convenience only and shall not be deemed to constitute a part of this Agreement or to affect the
meaning of this Agreement.

13. Amendment. This Agreement may be amended only by a writing executed by the
Company and you which specifically states that it is amending this Agreement. Notwithstanding the
foregoing, this Agreement may be amended solely by the Company by a writing which specifically
states that it is amending this Agreement, so long as a copy of such amendment is delivered to you,
and provided that no such amendment adversely affecting your rights hereunder may be made without
your written consent. Without limiting the foregoing, the Company reserves the right to change, by
written notice to you, the provisions of this Agreement in any way it may deem necessary or
advisable to carry out the purpose of the grant as a result of any change in applicable laws or
regulations or any future law, regulation, ruling, or judicial decision, provided that any such
change shall be applicable only to rights relating to that portion of this Award which has not been
delivered to you in Common Stock pursuant to Section 3.

14. Miscellaneous.

(a) The rights and obligations of the Company under this Award shall be transferable by the
Company to any one or more persons or entities, and all covenants and agreements hereunder shall
inure to the benefit of, and be enforceable by the Company’s successors and assigns.

(b) You agree upon request to execute any further documents or instruments necessary or
desirable in the sole determination of the Company to carry out the purposes or intent of this
Award.

(c) You acknowledge and agree that you have reviewed this Award in its entirety, have had an
opportunity to obtain the advice of counsel prior to executing and accepting this Award and fully
understand all provisions of this Award.

(d) This Agreement shall be subject to all applicable laws, rules, and regulations, and to
such approvals by any governmental agencies or national securities exchanges as may be required.

(e) All obligations of the Company under the Plan and this Agreement shall be binding on any
successor to the Company, whether the existence of such successor is the result of a direct or
indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business
and/or assets of the Company.

15. Governing Plan Document. This Award is subject to all the provisions of the
Plan, the provisions of which are hereby made a part of this Award, and is further subject to all
interpretations, amendments, rules and regulations which may from time to time be promulgated and
adopted pursuant to the Plan. The Company shall have the power to interpret the Plan and this
Agreement and to adopt such rules for the administration, interpretation, and application of the
Plan as are consistent therewith and to
interpret or revoke any such rules. All actions taken and all interpretations and
determinations made by the Board shall be final and binding upon you, the Company, and all other
interested persons. No member of the Board shall be personally liable for any action,
determination, or interpretation made in good faith with respect to the Plan or this Agreement.

 

 

 

16. Effect on Other Employee Benefit Plans. The value of this Award subject to this
Agreement shall not be included as compensation, earnings, salaries, or other similar terms used
when calculating benefits under any employee benefit plan (other than the Plan) sponsored by the
Company or any Affiliate except as such plan otherwise expressly provides. The Company expressly
reserves its rights to amend, modify, or terminate any or all of the employee benefit plans of the
Company or any Affiliate.

17. Choice of Law. The interpretation, performance and enforcement of this Agreement
shall be governed by the law of the state of California without regard to such state’s conflicts of
laws rules.

18. Severability. If all or any part of this Agreement or the Plan is declared by
any court or governmental authority to be unlawful or invalid, such unlawfulness or invalidity
shall not invalidate any portion of this Agreement or the Plan not declared to be unlawful or
invalid. Any Section of this Agreement (or part of such a Section) so declared to be unlawful or
invalid shall, if possible, be construed in a manner which will give effect to the terms of such
Section or part of a Section to the fullest extent possible while remaining lawful and valid.

19. Other Documents. You hereby acknowledge receipt or the right to receive a
prospectus providing the information required by Rule 428(b)(1) promulgated under the Securities
Act. In addition, you acknowledge that you have read and understand and agree to abide by the
terms of the Company’s Insider Trading and “Window Period” Policy.

20. Definitions. For purposes of this Agreement, the following definitions shall
apply:

(a)
“Change in Control Transaction” shall mean either of the following:

(i) The acquisition, by a person or persons acting as a group, of the stock of the Company
that, together with other stock held by such person or group, constitutes 50% or more of the total
fair market value or total voting power of the Company; provided, however, (i) if a person or
persons acting as a group is considered to own 50% or more of the total voting power of the Company
as of the Date of Grant specified in your Grant Notice, the acquisition of additional stock by the
same person or persons shall not constitute a Change in Control Transaction; (ii) an increase in
the percentage of stock owned by a person or persons acting as a group as a result of a transaction
in which the Company acquires its own stock in exchange for property shall be treated as an
acquisition of stock for purposes of this Section; (iii) such acquired stock of the Company remains
outstanding after the transaction; and (iv) for purposes of this Section, “persons acting as a
group” shall be determined by reference to Treas. Reg. Section 1.409A-3(i)(5)(v)(B).

 

 

 

(ii) The acquisition, within a twelve month period ending on the date of the most recent
acquisition, by a person or persons acting as a group, of the Company’s assets having a total gross
fair market value (determined without regard to any liabilities associated with such assets) of 40%
or more of the total gross fair market value of all of the assets of the Company (determined
without regard to any liabilities associated with such assets) immediately prior to such
acquisition or acquisitions; provided, however, that a Change in Control Transaction shall not
occur (i) upon a transfer to an entity that is controlled by the Company’s stockholders immediately
after the transfer; (ii) if such assets are
transferred to a stockholder of the Company immediately before the asset transfer in exchange
for Company stock; (iii) if such assets are transferred to an entity of which 50% or more of the
total value or voting power is owned, directly or indirectly, by the Company (as determined
immediately after the transfer of such assets); (iv) if such assets are transferred to a person or
persons acting as a group, that owns, directly or indirectly, 50% or more of the total value or
voting power of all of the outstanding stock of the Company (as determined immediately after the
transfer of such assets); or (v) if such assets are transferred to an entity of which at least 50%
of the total value or voting power is owned, directly or indirectly, by a person described in
foregoing clause (iv) (as determined immediately after the transfer of such assets); provided,
further, that for purposes of this Section, “persons acting as a group” shall be determined by
reference to Treas. Reg. Section 1.409A-3(i)(5)(vii)(C).

(b) “Separation From Service” shall mean your “separation from service” with the Company
within the meaning of Treas. Reg. Section 1.409A-1(h) (without regarding to any alternative
definitions therein).

* * * * *

This Performance Stock Unit Award Agreement shall be deemed to be signed by the Company and you
upon your signing of the Grant Notice.

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