Document:

Exhibit 10.21

 

TETRA TECH, INC.

 

STOCK APPRECIATION RIGHTS
AGREEMENT

 

This Agreement made is made
between Tetra Tech, Inc. (the “Company”) and                                           
(referred to as “you” or “your”
throughout this Agreement).

 

In recognition of your
valuable services to the Company, the Company wishes to provide you with stock
appreciation rights (“SARs”) relating
to and associated with the Company’s common stock, par value $.01 per share (“Common Stock”), on the terms set forth in this Agreement:

 

1.                                      Grant, Subject to Terms of Plan.

 

Effective                                 
(the “Grant Date”), the Company grants you                         
SARs with a grant price of $            per SAR (the “Exercise
Price”).

 

The Company has granted these SARs subject to
all of the terms and conditions of the Company’s 2005 Equity Incentive Plan
(the “Plan”). 
This Agreement incorporates the Plan’s provisions as if set forth in
their entirety in this document.

 

A copy of the Plan is on file in the office of
the Secretary of the Company.

 

2.                                      Vesting in SARs. 
Except as described in any special attachment to this Agreement,
initially you have no vested interest in the SARs granted to you pursuant to
this Agreement.  However, if you continue
to be employed by the Company, you will be vested in 25% of the SARs granted
hereunder on each anniversary of the grant date.

 

Also, you will become fully vested in the SARs
covered by this Agreement regardless of your years of service upon any of the
following events:

 

(a)                                  Your “Disability” (as defined in the Plan);

 

(b)                                 Your death; or

 

(c)                                  A “Change of Control” of the Company (as
defined in the Plan).

 

The Committee retains the discretion to accelerate
vesting in any situation it deems appropriate.

 

Any SARs that have not become vested as of the date
you terminate employment with the Company for reasons other than your death or Disability
shall be forfeited, and you shall not be entitled to any payments in respect of
such forfeited SARs.

 

3.                                      Exercise of Vested SARs; Expiration
Date.   You may
elect to exercise any SAR once it has vested. 
Upon exercise you will receive the amount described in Section 4.  You may not elect to exercise fewer than         
vested SARs at a time unless it is for the balance of your vested SARs.

 

 

Each vested SAR expires upon the first to occur
of the following:

 

(a)                                  The 8th anniversary of the Grant Date;

 

(b)                                 Ninety days after you involuntarily leave
the employ of the Company (but not
earlier than the last day for which you receive a severance payment); provided,
however, that each SAR shall expire immediately upon any involuntary
termination for Wrongful Conduct (as defined below).

 

(c)                                  Immediately after you voluntarily leave
the employ of the Company; provided, however, that:

 

(i)                                     If you retire from the Company, each SAR
shall expire on the earlier to occur of the anniversary of the Grant Date
specified above in 3(a) or one year from the date of your retirement; and

 

(ii)                                  If you die or become disabled while
employed with the Company, each SAR shall expire five years from the date of
your death or termination due to Disability.

 

(d)                                 Immediately upon the date you first
engage in Wrongful Conduct.  For purposes
of this Agreement, “Wrongful Conduct” means any activity inimical, contrary or
harmful to the interests of the Company, as determined in good faith by the
Company.  “Wrongful Conduct” shall
include, but shall not be limited to, the following:

 

(i)                                     competing, directly or indirectly (as an
owner, employee or agent), with any business of the Company,

 

(ii)                                  violating the Company’s Code of Conduct
or any other formal policy of the Company;

 

(iii)                               soliciting any present or future
employees of the Company to terminate or forego employment with the Company;

 

(iv)                              soliciting any present or future
customers of the Company to terminate or forego a business relationship with
the Company; or

 

(v)                                 disclosing or misusing any confidential
or proprietary information regarding, or trade secrets of, the Company.

 

4.                                      Determination of Amount Payable
to You.  Upon exercise or settlement of your SARs
(referred to as a “Settlement Date”),
you will receive a payment in Common Stock from the Company in an amount
determined by multiplying:

 

2

 

(a)                                  the excess of the Fair Market Value of
one share of Common Stock on the Settlement Date over the Exercise Price,

 

by

 

(b)                                 the number of SARs exercised or settled.

 

The dollar amount so derived shall be divided by the
Fair Market Value of one share of Common Stock on the Settlement Date; and the
resulting number shall be the number of shares of Common Stock paid to
you.  Payment with respect to fractional
shares shall be made in cash.

 

5.                                      Timing of Payment. 
The amount determined pursuant to Section 4 shall be paid to you
(or in the event of your death, to your beneficiary or beneficiaries — which
you may designate by completing and returning the attached Exhibit A) in a
lump sum within 30 days from the Settlement Date.

 

6.                                      Restrictions on Transfer. 
The SARs granted hereunder are not transferable, except by designation
of a death beneficiary or beneficiaries on Exhibit A to this Agreement, by
will (in the event a beneficiary designation is not made or is for any reason
ineffective), the laws of descent and distribution, or pursuant to a domestic
relations order.

 

7.                                      No Guarantee of Employment. 
In consideration for the SARs granted to you hereunder, you agree to
perform faithfully and diligently the responsibilities and duties assigned to
you by the Company throughout the course of your employment. However, nothing
contained herein confers upon you any rights as a stockholder or confers on you
any right to continued employment with the Company or its Subsidiaries, or
interferes with the right of the Company or its Subsidiaries to terminate your
employment at any time.

 

8.                                      Governing Law.  This
Agreement shall be governed and construed in accordance with the laws of the
State of Delaware (regardless of the law that might otherwise govern under
applicable principles of conflict of laws).

 

9.                                      Severability. Whenever feasible, each provision of
this Agreement will be interpreted in such manner as to be effective and valid
under applicable law, but if any provision of this Agreement is held to be
prohibited by or invalid under applicable law, such provision will be
ineffective only to the extent of such prohibition or invalidity, without
invalidating the remainder of this Agreement.

 

10.                               Successors and Assigns.  Except
as otherwise provided herein, this Agreement will bind and inure to the benefit
of the respective successors and permitted assigns of the parties hereto
whether so expressed or not.

 

3

 

11.                               Amendment and Termination. 
This Agreement shall remain in full force and effect until payment has
been made for all unpaid vested SARs granted hereunder to you or either this
Agreement or the Plan is terminated, whichever first occurs.  The Company may unilaterally amend or
terminate the Plan and/or this Agreement at anytime, except that any such
amendment or termination shall not affect your rights to payment for any
previously unpaid then vested SARs, as shown on the records with respect to
your SAR account as of the effective date of such amendment or termination.

 

IN WITNESS WHEREOF, the Company has executed this
Agreement as of the day and year first above written.

 

 

	
   

  	
  TETRA TECH, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  

 

 

Please indicate your acceptance of the terms and
conditions of this Agreement by signing in the space provided below and
returning a signed copy of this Agreement to the Company. IF A FULLY EXECUTED
COPY OF THIS AGREEMENT HAS NOT BEEN RECEIVED BY THE STOCK PLAN ADMINISTRATOR OF
THE COMPANY, THE COMPANY SHALL REVOKE ALL SARS GRANTED TO YOU, AND AVOID ALL
OBLIGATIONS, UNDER THIS AGREEMENT.

 

The undersigned hereby
accepts, and agrees to, all terms and provisions of this Agreement.

 

 

	
   

  	
   

  	
   

  
	
   

  	
  Signature

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Printed Name:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Date:

  	
   

  	
   

  
					

 

4

 

EXHIBIT A

 

BENEFICIARY DESIGNATION

 

Name
of Plan:                                                                                                                   

 

Your
Name

 

Date
this form is signed:

 

The following payees are designated to receive death payments from the
Plan:

 

Personal Payee as Direct Beneficiary

 

First
Name — Middle Initial — Last Name                  Relationship
to You                                      Date of Birth

 

 

 

Personal Payee as Contingent Beneficiary

 

First
Name — Middle Initial — Last Name                  Relationship
to You                                      Date of Birth

 

 

 

Trustee as Direct Beneficiary

 

 

 

Trustee as Contingent Beneficiary

 

 

 

Certification Statement:

 

By
signing this Beneficiary Designation form I hereby certify that I have read and
understand the terms of the Company’s 2005 Equity Incentive Plan and this Stock
Appreciation Rights Agreement.

 

 

	
   

  	
   

  
	
  Signature of BeneficiaryExhibit 10.22

 

TETRA TECH, INC.

 

RESTRICTED STOCK UNIT AWARD

 

Name of Participant:                                

 

This Restricted Stock Unit (“RSU”) Award made this                             
(“Grant Date”), by Tetra Tech, Inc. (the “Company”) to Participant
is evidence of an Award made under the Company’s 2005 Equity Incentive Plan (the
“Plan”).  The Plan is incorporated into
this Award by reference.

 

1.                                      Number
of RSUs

 

Subject to the restrictions, limitations, terms and
conditions specified in the Plan and this Award, the Company hereby awards to
the Participant as of the Grant Date                 
RSUs.

 

All fractional RSUs resulting from the adjustment
provisions contained in the Plan shall be rounded down to the nearest whole
unit.

 

2.                                      Vesting
Schedule

 

If the Participant remains employed with the Company
or a Subsidiary through each Vesting Date,     % of the
RSUs shall vest on each anniversary of the Grant Date.

 

RSUs will remain restricted until each Vesting Date
noted above.  RSUs are not transferable
by the Participant by means of sale, assignment, exchange, pledge or otherwise
prior to vesting.

 

If the Participant’s employment with the Company or
a Subsidiary is terminated for any reason, whether voluntarily or
involuntarily, no additional RSUs under this Award shall become vested RSUs
under any circumstances except as provided below for death or Disability.

 

“Employment” covered under this Agreement shall mean
the performance of services for the Company or a Subsidiary as an employee for
federal income tax purposes.  The Participant
shall be deemed to have terminated employment either upon an actual termination
of service with the Company or a Subsidiary, or at the time that the Subsidiary
with which the Participant is employed ceases to be a Subsidiary under the
terms of the Plan, provided that the Participant is not employed immediately
thereafter by the Company.  The
Participant’s employment with the Company or a Subsidiary shall not be deemed
to have terminated if the Participant takes any military leave, sick leave or
other bona fide leave of absence approved by the Company or the Subsidiary, as
applicable, regardless of whether pay is suspended during such leave.

 

1

 

3.                                      Distribution
of Common Stock

 

The Company shall issue to the Participant as soon
as practicable following the applicable Vesting Date the number of shares of
the Company’s common stock equal to the number of RSUs vesting on such
date.  If the Vesting Date of any portion
of the RSUs shall occur during either a regularly scheduled or special “blackout
period” of the Company wherein the Participant is precluded from selling shares
of the Company’s common stock, the receipt of such shares issuable with respect
to such Vesting Date under this Award shall be deferred until after the
expiration of such blackout period, but in no event later than two and one half
months after the end of the end of the calendar year which includes the Vesting
Date.

 

In lieu of receiving shares of the Company’s common
stock in connection with vesting as described above, the Participant may elect
to defer the distribution of shares of the Company’s common stock on some or
all of the RSUs in accordance with administrative rules as may be
established by the Committee from time to time. 
An election must be received in writing by the Company no later than 30
days after the Grant Date.  The
Participant will have no right to accelerate or further defer a deferred
distribution.

 

4.                                      Dividend
Equivalents.

 

Subject to the restrictions, limitations and
conditions as described in the Plan, dividend equivalents payable on the RSUs
will be accrued on behalf of the Participant at the time that dividends are
otherwise paid to owners of the Company’s common stock.  Dividends shall earn interest at     %
and shall be paid (along with such interest) on the Vesting Date for the RSUs
with respect to which such amounts were accrued under the Plan.

 

5.                                      Taxes.

 

Notwithstanding any other provision in this Award to
the contrary, any distribution of shares of the Company’s common stock or dividend
equivalents shall be subject to tax withholding.  Taxes will be settled by withholding cash
and/or a number of shares with a Fair Market Value not less than the amount of
the minimum required tax withholding.  The
Participant is personally responsible for the proper reporting and payment of
all taxes related to shares distributed with respect to RSUs and dividend equivalents.

 

6.                                      Death
or Disability.

 

If you terminate employment with the Company because
of your death or Disability, this Award will vest immediately.  Accelerated vesting will not impact the time
for distributing shares of the Company’s common stock to you if you previously
elected to defer distribution.

 

7.                                      Change
of Control

 

The RSUs granted under this Award that have not
vested as of immediately prior to a Change of Control shall vest as of the date
the Change of Control is finalized, provided

 

2

 

that the Participant is then actively employed by
the Company.  The amount of shares of the
Company’s common stock corresponding to such vested RSUs shall be issued to the
Participant immediately notwithstanding any prior deferral election.

 

8.                                      Forfeiture.

 

Any RSUs that are not vested as of the Participant’s
termination of employment with the Company shall be immediately forfeited.

 

9.                                      Conformity
with the Plan.

 

This Award is intended to conform in all respects
with, and is subject to, all applicable provisions of the Plan.  Any inconsistencies between this Award and the
Plan shall be resolved in accordance with the terms of the Plan.  By acceptance of this Award, the Participant
agrees to be bound by all of the terms of this Award and the Plan.

 

10.                               Interpretations.

 

Any dispute, disagreement or question which arises
under, or as a result of, or in any way relates to the interpretation,
construction or application of the Plan and this Award will be determined and
resolved by the Committee.  Such
determination or resolution by the Committee will be final, binding and
conclusive for all purposes.

 

11.                               Employment
Rights.

 

Nothing in the Plan or this Award confers on any
Participant any right to continue in the employ of the Company or in any way
affects the Company’s right to terminate the Participant’s employment without
prior notice at any time or for any reason.

 

12.                               Rights
as Stockholder.

 

The Recipient shall have no rights as a stockholder
of the Company with respect to any RSUs covered by this Agreement until the issuance
of the shares of Common Stock.

 

13.                               Section 409A
of the Internal Revenue Code.

 

The RSUs granted hereunder are intended to avoid the
potential adverse tax consequences to the Participant of Section 409A of
the Code, and the Board may make such modifications to this Agreement as it
deems necessary or advisable to avoid such adverse tax consequences.

 

14.                               Entire
Agreement

 

This Award constitutes the entire agreement between
the parties relative to the subject matter hereof, and supersedes all
proposals, written or oral, and all other communications between the parties
relating to the subject matter of this Award.

 

3

 

15.                               Amendment

 

This Award may be modified, amended or rescinded only by a written
agreement executed by both parties signatories to this Award.   In the event of a conflict between the terms
of this Award and the Plan, the terms of the Plan shall control.

 

 IN WITNESS
WHEREOF, the Company has
executed this Agreement in duplicate as of the day and year first above
written.

 

 

	
   

  	
  TETRA TECH, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  

 

Please indicate your acceptance of the terms and
conditions of this Agreement by signing in the space provided below and
returning a signed copy of this Agreement to the Company. IF A FULLY EXECUTED
COPY OF THIS AGREEMENT HAS NOT BEEN RECEIVED BY THE STOCK PLAN ADMINISTRATOR OF
THE COMPANY, THE COMPANY SHALL REVOKE ALL SHARES ISSUED TO YOU, AND AVOID ALL
OBLIGATIONS, UNDER THIS AGREEMENT.

 

The
undersigned hereby accepts, and agrees to, all terms and provisions of this
Agreement.

 

 

	
   

  	
   

  	
   

  
	
   

  	
  Employee Signature

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Printed Name:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Date:

  	
   

  	
   

  
					

 

4

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