Document:

EX-10.1 AMEND NO.2 TO 2005 RESTRICTED STOCK UNIT

 

Exhibit 10.1

AMENDMENT NUMBER TWO TO THE

COUSINS PROPERTIES INCORPORATED

2005 RESTRICTED STOCK UNIT PLAN

     WHEREAS, the Compensation, Succession, Nominating and Governance Committee of the Board of
Directors of Cousins Properties Incorporated (the “Committee”) has the authority, pursuant to § 9
of the Cousins Properties Incorporated 2005 Restricted Stock Unit Plan (the “Plan”) to amend the
Plan from time to time, to the extent the Committee deems necessary or appropriate;

     WHEREAS, the Committee has determined that it is in the best interest of Cousins Properties
Incorporated to make certain grants of restricted stock units to Directors and has approved an
amendment to the Plan;

     NOW THEREFORE, the Plan is amended, as approved by the Committee, effective as of August 14,
2006, as follows:

§1.

By adding a new definition of Director as § 2.21 of the Plan:

2.21 Director — means a member of the Board who is not an employee of CPI, CREC, a
Preferred Stock Subsidiary, any Subsidiary of CPI or CREC, any Parent of CPI or CREC, or any
Affiliate of CPI or CREC.

§2.

     By inserting the words (a) “or Director” following the words “Key Employee” each place
the words “Key Employee”, (b) “or Directors” following the words “Key Employees” or (c) “or
Director’s” following the words “Key Employee’s”, each place the words Key Employee, Key
Employees or Key Employee’s (whichever is applicable) appears in the Plan except that such
insertion shall not be made in § 2.12, § 6.2 § 6.3 and § 10.2 of the Plan.

§3.

     By amending § 6.2 and § 6.3, to read as follows:

     6.2 Payment of Restricted Stock Units. Payment of a vested Award or, if an Award
provides for partial vesting, the vested portion of such Award shall be made in a single sum in
cash as soon as practicable after the Award or portion of the Award vests, but in no event later
than 21/2 months after the calendar year in which vesting occurs; provided, however, the right of a
Key Employee or Director to receive a cash payment under this § 6.2 shall be forfeited if Key
Employee terminates employment as a Key Employee or a Director is no longer a member of the Board
for any reason whatsoever prior to the vesting date. In the event the Key Employee or Director
dies prior to payment of the Award, the Award shall become 100% vested on the date of such Key
Employee’s or Director’s death and shall be paid to the Key Employee’s Beneficiary or

 

 

Director’s Beneficiary, whichever is applicable as soon as practicable after the Key Employee’s or
Director’s death, but in no event later than 21/2 months after the calendar year in which the Key
Employee or Director dies.

     6.3 Cash Dividends. Except as otherwise set forth in an Award Certificate, if a cash
dividend (whether ordinary or extraordinary) is declared on a share of Stock with a record date
that occurs while an Award is outstanding, CPI shall pay such Key Employee or Director an amount in
cash for each Restricted Stock Unit subject to an outstanding Award equal to the cash dividend paid
on a share of Stock as soon as practical after such cash dividend is paid to CPI stockholders but
in no event later than 21/2 months after the calendar year in which such cash dividend is paid;
provided, however, the right of a Key Employee or Director to receive a cash payment under this §
6.3 shall be forfeited if Key Employee terminates employment as a Key Employee or a Director is no
longer a member of the Board for any reason whatsoever (except death, as provided in § 6.2 above)
prior to the record date of the cash dividend. For purposes of this § 6.3, an Award is outstanding
to the extent the Award has neither been forfeited or become vested and payable under § 6.2.

     IN WITNESS WHEREOF, Cousins Properties Incorporated has caused this Amendment Number Two to be
executed by its duly authorized officers and its seal to be affixed as of this 14th day of August,
2006.

	 	 	 	 	 
	 	Cousins Properties Incorporated

 	 
	 	By:  	/s/ Craig B. Jones
 	 
	 	 	Name:  	Craig B. Jones 	 
	 	 	Title:  	Executive Vice PresidentEX-10.2 FORM OF RESTRICTED STOCK UNIT OF DIRECTORS

 

Exhibit 10.2

COUSINS PROPERTIES INCORPORATED

2005 Restricted Stock Unit Plan

Restricted Stock Unit Certificate for Directors

     This Restricted Stock Unit Certificate evidences the grant by Cousins Properties Incorporated
(“CPI”) of an award (“Award”) of restricted stock units (“Restricted Stock Units”) to the director
named below (“Director”) pursuant to CPI’s 2005 Restricted Stock Unit Plan (the “Plan”). All of
the terms, conditions and definitions set forth in the Plan are incorporated in this Certificate,
and this Award is subject to all of the terms and conditions set forth in the Plan and in this
Certificate.

Terms and Conditions

	 	 	§1 Name of Director: _____________________.
	 
	 	 	§2 Grant Date. The Grant Date is _____________________.
	 
	 	 	§3 Number of Units. The Restricted Stock Unit grant is _________units. The value of
each unit is equal to the Fair Market Value of one share of common stock of CPI (“Stock”) as
of the date payment is due under the Plan.
	 
	 	 	§4 Vesting and Forfeiture. This Award shall vest with respect to 25% of the
Restricted Stock Units on each anniversary of the Grant Date until it is 100% vested; provided
Director has continuously served as a director of CPI through the applicable anniversary date.
In addition, Director shall vest with respect to 100% of the Restricted Stock Units (a) if
Director’s service as a member of CPI’s board of directors terminates by reason of death or
(b) upon a Change in Control. If Director’s service as a member of CPI’s board of directors
terminates other than by reason of Director’s death prior to complete vesting of the
Restricted Stock Units, the Restricted Stock Units not vested as of such termination of
service shall be forfeited and expire immediately and automatically.
	 
	 	 	§5 Individual Account. A separate bookkeeping account shall be established and
maintained by CPI (the “Account”) to record Director’s Restricted Stock Units. The Account
shall be maintained on CPI’s books solely for record keeping purposes, and shall not represent
any actual segregation or investment of assets or any interest in any shares of Stock.
	 
	 	 	§6 Cash Dividends. If a cash dividend (whether ordinary or extraordinary) is paid on
a share of Stock while an Award is outstanding, CPI shall pay Director an amount in cash for
each Restricted Stock Unit subject to an outstanding Award equal to the cash dividend paid on
a share of Stock as soon as practical after the date of the payment of the cash dividend, but
in no event later than 21/2 months after the calendar year in which the cash dividend is paid;
provided, however, the right of

 

 

	 	 	Director to receive this cash payment shall be forfeited if Director terminates service as a
director for any reason (except death) before the dividend payment date.
	 
	 	 	§7 Distribution of Payment Represented by Units. Payment of vested Restricted Stock
Units shall be made in a single payment in cash as soon as practicable after the Restricted
Stock Units vest, but in no event later than 21/2 months after the calendar year in which
vesting occurs. In the event of the Director’s death, payment of the vested Restricted Stock
Units shall be made to the Director’s Beneficiary in a single payment as soon as practicable
after the Director’s death, but in no event later than 21/2 months after the calendar year in
which the Director dies.
	 
	 	 	§8 Nontransferability and Status as Unsecured Creditor. Director shall have no right
to transfer or otherwise assign Director’s interest in any Restricted Stock Units. All
payments pursuant to this Award shall be made from the general assets of CPI, and any claim
for payment shall be the same as a claim of any general and unsecured creditor of CPI.
	 
	 	 	§9 No Shareholder Rights. Director shall have no rights as a shareholder of CPI as a
result of this Award.
	 
	 	 	§10 Amendment and Termination. The Plan and this Award may be modified and/or
terminated as set forth in the Plan.
	 
	 	 	§11 Miscellaneous. This Certificate shall be governed by the laws of the State of
Georgia.

	 	 	 	 	 
	 	Cousins Properties Incorporated

 	 
	 	By:  	/s/
 	 
	 	 	Name:  	 	 
	 	 	Title:Ex-10.5 Amendment No. 1 to Stock Option Plan

 

Exhibit 10.5

COMPREHENSIVE CARE CORPORATION AND SUBSIDIARIES

AMENDMENT NO. 1 TO COMPREHENSIVE CARE CORPORATION

AMENDED AND RESTATED NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN

     THIS AMENDMENT NO. 1 to the Comprehensive Care Corporation (the “Company”) Amended and
Restated Non-Employee Director Stock Option Plan (the “Plan”) amends the Plan as set forth
below effective as of the date approved by the Company’s shareholders. All capitalized terms not
specifically defined in this Amendment shall have the meanings provided to them in the Plan.

     NOW, THEREFORE, the Plan is hereby amended as follows:

1. The definition of “Fair Market Value” in Section 1.1 (k) of the Plan is hereby amended in
its entirety to read as follows:

“ ‘Fair Market Value’ with respect to a share of Stock on a particular date shall mean (i)
the closing sales price per share of Stock on a national securities exchange on which the
Stock is principally traded, for the last preceding date on which there was a sale of such
Stock on such exchange, (ii) if the shares of Stock are then traded in an over-the-counter
market, the closing price for the shares of Stock in such over-the-counter market for the
last preceding date on which there was a sale of such Stock in such market, or if the shares
of Stock are not then listed on a national securities exchange or traded in an
over-the-counter market, such value as the Committee, in its sole discretion, shall determine
in good faith.”

2. The first sentence of Section 2.2 of the Plan is hereby amended in its entirety to read as
follows:

“Subject to adjustment in accordance with Section 7.1, 1,000,000 shares of Stock (the
“Maximum Plan Shares”) are hereby reserved exclusively for issuance pursuant to Options.”

3. Section 3.1 of the Plan is hereby amended in its entirety to read as follows:

“3.1 Number of Option Shares. Except as otherwise provided by the Director Plan Committee, a
Participant shall be granted Options as follows:

     (a) Each individual who is serving as a Non-Employee Director as of the effective date
of Amendment No. 1 to the Plan (the “Amendment No. 1 Effective Date”) will be
granted, as of the Amendment No. 1 Effective Date, an Option to purchase 25,000 shares of
Stock.

     (b) Each individual who first becomes a Non-Employee Director on or after the Amendment
No. 1 Effective Date, whether through election at an annual meeting of the Company’s
stockholders or through appointment by the Board, will be granted, at the time of such
election or appointment, an Option to purchase 25,000 shares of Stock (the “Initial
Grant”).

     (c) Commencing with the 2006 annual meeting of the Company’s stockholders, each
individual who is a Non-Employee Director will be granted on the day of the annual meeting of
stockholders of the Company (if he or she continues to serve in such capacity) an Option to
purchase 15,000 shares of Stock (the “Annual Grant”).”

4. Section 3.4 of the Plan is hereby amended to add subsection 3.4(d), which shall read in its
entirety as follows:

“In the event that any Option granted hereunder is deemed to constitute deferred compensation
within the meaning of Code Section 409A, such Option shall comply with the requirements of
Code Section 409A and the provisions of such Code Section shall be deemed incorporated herein
by reference to the extent required by law.”

5. Subsections (a) and (b) of Section 3.5 are hereby deleted in their entirety and replaced
with the following:

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COMPREHENSIVE CARE CORPORATION AND SUBSIDIARIES

“With respect to all Options granted under the Plan, the Option shall vest in 20% increments
on each “Vesting Date,” provided the Participant is still a Director on the Vesting
Date. For purposes hereof, the term Vesting Date shall mean each one year anniversary of the
date of grant.”

6. Except to the extent amended hereby, the terms and provisions of the Plan shall remain in
full force and effect.

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