Document:

exv10w2

Exhibit 10.2

NETEZZA CORPORATION

[Form
of]

Restricted Stock Unit Agreement (Performance-Based)

2007 Stock Incentive Plan

This Restricted Stock Unit Agreement is made as of the Agreement Date between Netezza Corporation
(the “Company”), a Delaware corporation, and the Participant.

	 	 	 	 	 
	I.

	 	Agreement Date	 	 
	 

	 	Date:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	II.

	 	Participant Information	 	 
	 

	 	Participant:	 	 
	 

	 	 	 	 
	 

	 	Participant Address:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	III.

	 	Grant Information	 	 
	 

	 	Grant Date:	 	 
	 

	 	Target Restricted Stock Units:	 	 
	 

	 	Performance Metrics:
	 	[insert performance metrics], calculated
according to Exhibit B.
	 

	 	Performance Period:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	IV.

	 	Performance-Based Earn-Out	 

	 	 	 	 	 
	Performance
Metric

	 	Achievement of
Performance Metric
	 	Target Restricted Stock Units
that Become
Eligible for Vesting for such Performance
Metric
	 
	 	 	 	 
	[Insert for each 

performance metric]

	 	[Less than ___%]
	 	[0%]
	 

	 	[___%-___%]
	 	[___%-___% in an equal
percentage as
percentage
achievement of the
performance
metric]*[percentage
of Target Restricted
Stock Units linked to
such performance
metric]]
	 
	 	 	 	 
	 

	 	[Over ___%]
	 	[___%]*[percentage of
Target Restricted
Stock Units linked to
such performance
metric]]

	V.	 	Vesting Table

	 	 	 
	Vesting Date	 	Earned RSUs that Vest
	[Later of the Earn-Out Date (as defined below) and
the first anniversary of the Grant Date]

	 	[1/3]
	[Second anniversary of the Grant Date]

	 	[1/3]
	[Third anniversary of the Grant Date]

	 	[1/3]

This Agreement includes this cover page and the following Exhibits, which are expressly
incorporated by reference in their entirety herein:

Exhibit A — General Terms and Conditions

Exhibit B — Calculation of [insert performance metrics]

Page 1 of 8

 

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the Agreement Date.

	 	 	 	 	 	 	 
	NETEZZA CORPORATION	 	PARTICIPANT
	 
	 	 	 	 	 	 
	 	 	 
	Name:

	 	 	 	Name:	 	 
	Title:
	 	 	 	 	 	 

Page 2 of 8

 

NETEZZA CORPORATION

Restricted Stock Unit Agreement (Executives)

Exhibit A — General Terms and Conditions

     For valuable consideration, receipt of which is acknowledged, the parties hereto agree as
follows:

     1. Grant of RSUs. In consideration of services rendered to the Company by the
Participant, the Company has granted to the Participant, subject to the terms and conditions set
forth in this Agreement and in the Company’s 2007 Stock Incentive Plan, as amended (as amended, the
"Plan”), a performance-based award of Restricted Stock Units (the “RSUs”),
representing a target award of the number of RSUs set forth on the cover page of this Agreement
(the “Target Number”) and the opportunity to earn up to [___%] of the Target Number upon
over-performance. The RSUs entitle the Participant to receive, upon and subject to both the
earning and the vesting of the RSUs (as described in Section 2 below), one share of common stock,
$0.001 par value per share, of the Company (the “Common Stock”) for each RSU that is earned
and which also vests. The shares of Common Stock that are issuable upon earning and vesting of the
RSUs are referred to in this Agreement as the “Shares.”

     2. Earning and Vesting of the RSUs; Issuance of Shares.

          (a) Earning of the RSUs. Subject to the other provisions of this Section 2, the RSUs
shall be earned in accordance with the Performance-Based Earn-Out table set forth on the cover page
of this Agreement (the “Earn-Out Table”), based on the Company’s achievement of [insert
performance metrics], as described on the cover page of this Agreement, for the Performance Period
shown on the cover page of this Agreement. Any fractional RSU resulting from the application of
the percentages in the Earn-Out Table shall be rounded down to the nearest whole number of RSUs.
None of the RSUs shall be deemed to be earned unless and until the Compensation Committee of the
Company’s Board of Directors (the “Compensation Committee”) certifies in writing which (if
any) performance targets have been achieved and the percentage of such achievement. The
Compensation Committee shall make such certification no later than 75 days after the end of the
Performance Period. The date on which the Compensation Committee certifies the degree to which the
performance targets have been achieved that results in the earning of some or all of the RSUs is
referred to in this Agreement as the “Earn-Out Date.” On the Earn-Out Date, all of the
RSUs that have not been earned shall be automatically forfeited.

          (b) Vesting of the RSUs. Subject to the other provisions of this Section 2, the RSUs
that have been earned pursuant to Section 2(a) shall vest in accordance with the Vesting Table set
forth on the cover page of this Agreement (the “Vesting Table”). Any fractional RSU
resulting from the application of the percentages in the Vesting Table shall be rounded down to the
nearest whole number of RSUs. On each vesting date shown in the Vesting Table (and to the extent
applicable the dates of the vesting of any of the RSUs pursuant to Sections 2(c) and 2(d)) (the
"Vesting Dates”), the Company will issue to the Participant, in certificated or
uncertificated form, such number of Shares as is equal to the number of RSUs that vested on such
Vesting Date and shall deliver such Shares to the broker designated by the Participant on
Appendix A hereto (the “Designated Broker”).

Page 3 of 8

 

          (c) Employment Termination.

               (1) Termination by the Participant. Except to the extent Section 2(d) is applicable
and provides for accelerated earning or vesting of RSUs, upon the termination by the Participant of
the Participant’s employment with the Company for any reason, all RSUs that have not been earned
pursuant to Section 2(a) or which have not vested pursuant to Section 2(b) shall be automatically
forfeited as of such termination.

               (2) Termination by the Company without Cause. Except to the extent Section 2(d) is
applicable and provides for accelerated earning or vesting of RSUs on terms more favorable to the
Participant than those provided by this Section 2(c)(2), upon the termination by the Company of the
Participant’s employment with the Company without Cause (as defined in that certain [Amended and
Restated Executive Retention Agreement], dated as of [                    ] by and between the Participant
and the Company (the “Retention Agreement”)), all of the RSUs that have not been earned
pursuant to Section 2(a) shall be automatically forfeited as of such date and, in the event certain
of the RSUs have been earned pursuant to Section 2(a) but such termination occurs prior to the
vesting in full of such earned RSUs, a number of such earned but unvested RSUs shall immediately
vest as is equal to the number of such earned RSUs that, but for such termination, would have
vested upon the next Vesting Date following such termination multiplied by a fraction the numerator
of which is the lesser of the number four (4) and the number of fiscal quarters of the Company
commenced from and including the first day of the Company’s fiscal quarter during which the Vesting
Date immediately prior to such termination occurred and through and including the date of such
termination and the denominator of which is the number four (4), provided however that if such
termination occurs prior to the first anniversary of the Grant Date, the Grant Date shall be deemed
to be the prior Vesting Date for purposes of the calculation of such fraction, and provided further
that if such termination occurs following the first anniversary of the Grant Date and prior to the
second Vesting Date and the first Vesting Date is the Earn-Out Date rather than the first
anniversary of the Grant Date, the first anniversary of the Grant Date shall be deemed to be the
prior Vesting Date for purposes of the calculation of such fraction. Notwithstanding the preceding
sentence, if the Participant’s employment with the Company is terminated by the Company without
Cause following the end of the Performance Period but prior to the Earn-Out Date, the RSUs relating
to those performance targets with respect to which the Compensation Committee has yet to provide a
certification shall remain outstanding and unearned until the time of such certification(s)
whereupon such RSUs shall be deemed to have been earned or not earned in accordance with such
certification(s) and shall be deemed to have vested to the extent provided by the preceding
sentence with respect to RSUs that have been earned prior to termination of the Participant’s
employment with the Company.

               (3) Termination by the Company for Cause. Upon the termination by the Company of the
Participant’s employment with the Company for Cause, all RSUs that have not been earned pursuant to
Section 2(a) or which have not vested pursuant to Section 2(b) shall be automatically forfeited as
of such termination.

               (4) Employment with Affiliated or Successor Companies. For purposes of this
Agreement, employment with the Company shall include employment with a parent or subsidiary of the
Company, or any successor to the Company.

Page 4 of 8

 

          (d) Change in Control. If the Participant’s employment is terminated by the Company
without Cause or by the Participant for Good Reason (as defined in the Retention Agreement)
following a Change in Control (as defined in the Retention Agreement), then all of the RSUs that
have been earned pursuant to Section 2(a) but which have not yet vested pursuant to Section 2(b),
and, in the event the Compensation Committee has not yet provided a certification with respect to
the earning of certain of the RSUs pursuant to Section 2(a), such RSUs that would have been earned
upon 100% achievement of the performance metric or metrics for which the Compensation Committee has
yet to provide a certification, shall become earned and vested in full effective immediately prior
to such employment termination.

     3. Dividends. The RSUs shall have no rights with respect to dividends declared by the
Company with respect to its capital stock, provided that the foregoing shall not prohibit or
otherwise limit the adjustment of the terms of this Agreement in accordance with Section 9 of the
Plan.

     4. Withholding Taxes. On the date of this Agreement, the Participant shall provide
the Designated Broker with irrevocable written instructions directing the Designated Broker to, on
the date of the Designated Broker’s receipt of any Shares in accordance with Section 2(b), sell in
accordance with ordinary principles of best execution that number of such Shares as is necessary to
yield net proceeds to the Participant equal to the amount of the Company’s federal, state, and
local or other income and employment tax withholding obligations with respect to the income
recognized by the Participant as a result of the vesting of such Shares (based on minimum statutory
withholding rates for all tax purposes, including payroll and social security taxes, that are
applicable to such income) and remit such proceeds, immediately upon receipt thereof, to the
Company in satisfaction of such tax withholding obligations of the Company. In connection with the
foregoing, the Participant hereby confirms that, as of the date of this Agreement, he is not aware
of any material nonpublic information regarding the Company or its securities.

     5. Restrictions on Transfer. The RSUs, and any interest therein, are subject to the
restrictions on transfer set forth in Section 10(a) of the Plan.

     6. Provisions of the Plan. This Agreement is subject to the provisions of the Plan.
The Participant acknowledges receipt of the Plan, along with the prospectus relating to the Plan.

     7. Miscellaneous.

          (a) No Rights to Employment. The Participant acknowledges and agrees that the grant
of the RSUs and their vesting pursuant to Section 2 do not constitute an express or implied promise
of continued employment for the vesting period of the RSUs, or for any period.

          (b) Entire Agreement. This Agreement and the Plan constitute the entire agreement
between the parties, and supersede all prior agreements and understandings, relating to the subject
matter of this Agreement; provided that any separate employment or severance agreement between the
Company and the Participant that includes terms relating to the acceleration of vesting of equity
awards shall not be superseded by this Agreement.

Page 5 of 8

 

          (c) Governing Law. This Agreement shall be construed, interpreted and enforced in
accordance with the internal laws of the Commonwealth of Massachusetts, without regard to any
applicable conflict of law principles.

          (d) Interpretation. The interpretation and construction of any terms or conditions of
the Plan or this Agreement by the Compensation Committee shall be final and conclusive.

Page 6 of 8

 

Appendix A

Designated Broker

Page 7 of 8

 

NETEZZA CORPORATION

Restricted Stock Unit Agreement (Executives)

Exhibit B — Calculation of [insert performance metrics]

Page 8 of 8exv10w3

Exhibit 10.3

NETEZZA CORPORATION

[Form
of]

Restricted Stock Unit Agreement (Time-Based)

2007 Stock Incentive Plan

This Restricted Stock Unit Agreement is made as of the Agreement Date between Netezza Corporation
(the “Company”), a Delaware corporation, and the Participant.

	 	 	 	 	 
	I.

	 	Agreement Date	 	 
	 

	 	Date:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	II.

	 	Participant Information	 	 
	 

	 	Participant:	 	 
	 

	 	 	 	 
	 

	 	Participant Address:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	III.

	 	Grant Information	 	 
	 

	 	Grant Date:	 	 
	 

	 	 	 	 
	 

	 	Number:
	 	                    restricted stock units

	IV.	 	Vesting Table

	 	 	 
	Vesting Date	 	RSUs that Vest
	[First anniversary of Grant Date]

	 	[1/4]
	[Second anniversary of Grant Date]

	 	[1/4]
	[Third anniversary of Grant Date]

	 	[1/4]
	[Fourth anniversary of Grant Date]

	 	[1/4]

This Agreement includes this cover page and the following Exhibit, which is expressly incorporated
by reference in its entirety herein:

Exhibit A — General Terms and Conditions

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the Agreement Date.

	 	 	 	 	 	 	 
	NETEZZA CORPORATION	 	PARTICIPANT
	 
	 	 	 	 	 	 
	 	 	 
	Name:

	 	 	 	Name:	 	 
	Title:
	 	 	 	 	 	 

Page 1 of 5

 

NETEZZA CORPORATION

Restricted Stock Unit Agreement (Non-Executives)

Exhibit A — General Terms and Conditions

     For valuable consideration, receipt of which is acknowledged, the parties hereto agree as
follows:

     1. Grant of RSUs. In consideration of services rendered to the Company by the
Participant, the Company has granted to the Participant, subject to the terms and conditions set
forth in this Agreement and in the Company’s 2007 Stock Incentive Plan, as amended (as amended, the
"Plan”), an award of Restricted Stock Units (the “RSUs”) consisting of the number
of RSUs set forth on the cover page of this Agreement. The RSUs entitle the Participant to
receive, upon and subject to the vesting of the RSUs (as described in Section 2 below), one share
of common stock, $0.001 par value per share, of the Company (the “Common Stock”) for each
RSU that vests. The shares of Common Stock that are issuable upon vesting of the RSUs are referred
to in this Agreement as the “Shares.”

     2. Vesting of RSUs and Issuance of Shares.

          (a) General. Subject to the other provisions of this Section 2, the RSUs shall vest
in accordance with the Vesting Table set forth on the cover page of this Agreement (the
"Vesting Table”). Any fractional RSU resulting from the application of the percentages in
the Vesting Table shall be rounded down to the nearest whole number of RSUs. On each vesting date
shown in the Vesting Table (and to the extent applicable the dates of the vesting of any of the
RSUs pursuant to Section 2(b)) (the “Vesting Dates”), the Company will issue to the
Participant, in certificated or uncertificated form, such number of Shares as is equal to the
number of RSUs that vested on such Vesting Date and shall deliver such Shares to the broker
designated by the Participant on Appendix A hereto (the “Designated Broker”).

          (b) Employment Termination.

               (1) Termination Prior to First Anniversary of the Grant Date. Upon the termination of
the Participant’s employment with the Company for any reason prior to the first anniversary of the
Grant Date, all of the RSUs shall be automatically forfeited as of such termination.

               (2) Termination by the Participant. Upon the termination by the Participant of the
Participant’s employment with the Company for any reason, all unvested RSUs shall be automatically
forfeited as of such termination.

               (3) Termination by the Company without Cause. Upon the termination by the Company of
the Participant’s employment with the Company without Cause (as defined below) after the first
anniversary of the Grant Date but prior to the vesting in full of the RSUs, such number of
additional RSUs shall immediately vest as is equal to the number of RSUs that, but for such
termination, would have vested upon the next Vesting Date following such termination multiplied by
a fraction the numerator of which is the lesser of the number four

Page 2 of 5

 

(4) and the number of fiscal quarters of the Company commenced from and including the first
day of the Company’s fiscal quarter during which the Vesting Date immediately prior to such
termination occurred and through and including the date of such termination and the denominator of
which is the number four (4) and all other unvested RSUs shall be automatically forfeited as of
such date. “Cause” shall mean a good faith finding by the Company that (A) the Participant
has breached any of his or her material legal or contractual obligations to the Company (other than
as a result of incapacity) which breach (i) has not been cured by the Participant within 10
business days following written notice by the Company to the Participant notifying him or her of
such breach and (ii) would have a material adverse effect on the Company; or (B) the Participant
has engaged in gross or persistent misconduct with respect to the Company; or (C) the Participant
has been convicted of or pleaded guilty or nolo contendere to (i) any misdemeanor relating to the
affairs of the Company which is injurious to the Company or (ii) any felony.

               (4) Termination by the Company for Cause. Upon the termination by the Company of the
Participant’s employment with the Company for Cause, all unvested RSUs shall be automatically
forfeited as of such termination.

               (5) Employment with Affiliated or Successor Companies. For purposes of this
Agreement, employment with the Company shall include employment with a parent or subsidiary of the
Company, or any successor to the Company.

          (c) Acceleration of Vesting Schedule. Notwithstanding the vesting schedule described
above in Section 2(a), effective immediately prior to an Acquisition (as defined below), the RSUs
shall vest for such number of additional RSUs as is equal to 25% of the total number of RSUs
originally covered by this Agreement, except that for employees who have been employed by the
Company for less than one year as of the date of the Acquisition, the RSUs only shall become vest
for such number of RSUs as is equal to 12.5% of the total number of RSUs originally covered by this
Agreement, with the remaining shares in each case continuing to vest in accordance with a vesting
schedule that has been shortened by one year or six months, respectively. For purposes of this
option, the term “Acquisition” shall mean (1) any merger or consolidation in which (i) the Company
is a constituent party or (ii) a subsidiary of the Company is a constituent party and the Company
issues shares of its capital stock pursuant to such merger or consolidation (except, in the case of
both clauses (i) and (ii) above, any such merger or consolidation involving the Company or a
subsidiary in which the holders of capital stock of the Company immediately prior to such merger or
consolidation continue to hold immediately following such merger or consolidation at least 51% by
voting power of the capital stock of (x) the surviving or resulting corporation or (y) if the
surviving or resulting corporation is a wholly owned subsidiary of another corporation immediately
following such merger or consolidation, of the parent corporation of such surviving or resulting
corporation) or (2) the sale or transfer, in a single transaction or series of related
transactions, of outstanding capital stock representing at least 51% of the voting power of the
outstanding capital stock of the Company immediately following such transaction or (3) the sale of
all or substantially all of the assets of the Company.

     3. Dividends. The RSUs shall have no rights with respect to dividends declared by the
Company with respect to its capital stock, provided that the foregoing shall not prohibit or
otherwise limit the adjustment of the terms of this Agreement in accordance with Section 9 of the
Plan.

Page 3 of 5

 

     4. Withholding Taxes. On the date of this Agreement, the Participant shall provide
the Designated Broker with irrevocable written instructions directing the Designated Broker to, on
the date of the Designated Broker’s receipt of any Shares in accordance with Section 2(a), sell in
accordance with ordinary principles of best execution that number of such Shares as is necessary to
yield net proceeds to the Participant equal to the amount of the Company’s federal, state, and
local or other income and employment tax withholding obligations with respect to the income
recognized by the Participant as a result of the vesting of such Shares (based on minimum statutory
withholding rates for all tax purposes, including payroll and social security taxes, that are
applicable to such income) and to remit such proceeds, immediately upon receipt thereof, to the
Company in satisfaction of such tax withholding obligations of the Company. In connection with the
foregoing, the Participant hereby confirms that, as of the date of this Agreement, he is not aware
of any material nonpublic information regarding the Company or its securities.

     5. Restrictions on Transfer. The RSUs, and any interest therein, are subject to the
restrictions on transfer set forth in Section 10(a) of the Plan.

     6. Provisions of the Plan. This Agreement is subject to the provisions of the Plan.
The Participant acknowledges receipt of the Plan, along with the prospectus relating to the Plan.

     7. Miscellaneous.

          (a) No Rights to Employment. The Participant acknowledges and agrees that the grant
of the RSUs and their vesting pursuant to Section 2 do not constitute an express or implied promise
of continued employment for the vesting period of the RSUs, or for any period.

          (b) Entire Agreement. This Agreement and the Plan constitute the entire agreement
between the parties, and supersede all prior agreements and understandings, relating to the subject
matter of this Agreement; provided that any separate employment or severance agreement between the
Company and the Participant that includes terms relating to the acceleration of vesting of equity
awards shall not be superseded by this Agreement.

          (c) Governing Law. This Agreement shall be construed, interpreted and enforced in
accordance with the internal laws of the Commonwealth of Massachusetts, without regard to any
applicable conflict of law principles.

          (d) Interpretation. The interpretation and construction of any terms or conditions of
the Plan or this Agreement by the Compensation Committee of the Company’s Board of Directors shall
be final and conclusive.

Page 4 of 5

 

Appendix A

Designated Broker

Page 5 of 5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00169-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00169-of-00352.parquet"}]]