Document:

ex10_4.htm

     

    
      	
               

              Exhibit
      10.4

            

    

    
      	
               

              ITRON,
      INC.

            
	
              RESTRICTED
      STOCK UNIT AWARD NOTICE FOR PARTICIPANTS IN THE UNITED
    STATES

            
	
              AMENDED
      AND RESTATED 2000 STOCK INCENTIVE
PLAN

            

    

    
      	
               

              Itron,
      Inc. (the "Company")
      hereby grants to Participant a Restricted Stock Unit Award (the "Award").  The
      Award is subject to all the terms and conditions set forth in this
      Restricted Stock Unit Award Notice (the "Award
      Notice"), the Restricted Stock Unit Award Agreement (“Agreement”),
      and the Itron, Inc. Amended and Restated 2000 Stock Incentive Plan (the
      "Plan"),
      which are incorporated into this Award Notice in their
      entirety.

            
	 
      
	 
      

    

    
      	
               

              Participant:

            
	
              Grant
    Date:

            
	
              Number of Restricted Stock
      Units:

            

    

    
      	
               

              Vesting Schedule:The
      Award will vest in full on the third anniversary of the Grant Date (the
      “Vest Date”).

            

    

    
      	 
      

    

    
      	
               

              Additional
      Terms:  This Award is subject to all the terms and
      conditions set forth in this Award Notice, the RSU Award Agreement, and
      the Plan which are attached to and incorporated into the Award Notice in
      their entirety.

            

    

    
      	 
      
	 
      
	 
      
	
              I
      accept this award subject to the terms and

            
	
              conditions
      stated herein.

            

    

    
      	 
      
	 
      

    

    
      	
              Attachments:

            
	
              1.  Restricted
      Stock Unit Award Agreement

            
	
              2.  2000
      Stock Incentive Plan

            
	
              3.  Plan
      Summary

            
	 
      
	 
      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              ITRON,
      INC.

            
	
              AMENDED
      AND RESTATED 2000 STOCK INCENTIVE
PLAN

            

    

    
      	
               

              RESTRICTED
      STOCK UNIT AWARD AGREEMENT

            

    

    
      	
               

              Pursuant
      to your Restricted Stock Unit Award Notice (the "Award
      Notice") and this Restricted Stock Unit Award Agreement (this "RSU
      Award Agreement"),
      Itron, Inc. (the "Company")
      has granted you a Restricted Stock Unit Award (the "Award")
      under its Amended and Restated 2000 Stock Incentive Plan (the "Plan")
      for the number of Restricted Stock Units indicated in your Award
      Notice.  Capitalized terms not expressly defined in this RSU
      Award Agreement but defined in the Plan shall have the same definitions as
      in the Plan.

               

            

    

    
      	
              The
      details of the Award are as
follows:

            

    

    
      	
               

              1.Vesting

            

    

    
      	
               

              The
      Award will vest according to the vesting schedule set forth in the Award
      Notice (the "Vesting
      Schedule"). One share of the
      Company's Common Stock will be issuable for each Restricted Stock Unit
      that vests.  Restricted Stock Units that have vested and are no
      longer subject to forfeiture according to the Vesting Schedule are
      referred to herein as "Vested
      Units."  Restricted Stock Units that have not vested and
      remain subject to forfeiture under the Vesting Schedule are referred to
      herein as "Unvested
      Units."  The Unvested Units will vest (and to the extent
      so vested cease to be Unvested Units remaining subject to forfeiture) in
      accordance with the Vesting Schedule (the Unvested and Vested Units are
      collectively referred to herein as the "Units").  Except
      as provided in Section 2.1(b) below, all Vested Units will be settled on
      the Vest Date set forth in the Award Notice and the Vest Date shall be the
      “payment date” for purposes of Section 409A.  The Award will
      terminate and the Unvested Units will be subject to forfeiture upon your
      termination of employment as set forth in
    Section 2.1(a).

            

    

    
      	
               

              2.Termination
      of Employment; Corporate
Transaction

            

    

    
      	
               

              2.1           Termination
      of Employment

            

    

    
      	
               

              (a)
      Vesting of Units.  Except
      as provided in Section 2.2 below, if your employment terminates during the
      Units' vesting period by reason of (a) death, (b) Disability that also
      satisfies the definition of "disability" under Section 409A of the Code
      and the regulations thereunder ("Section
      409A") or (c) Retirement that also satisfies the definition of
      "separation from service" under Section 409A, the Unvested Units will vest
      pro-rata, based on the number of calendar days of employment with the
      Company during the vesting period (rounded down to the nearest whole
      number); provided, however, that if your employment terminates by reason
      of Retirement as provided above and if you are a "specified employee"
      under Section 409A, the Units that become Vested Units as a result of such
      pro-rata vesting will not be settled in shares of Common Stock until the
      date that is six months after such separation from service.  For
      purposes of this Agreement, “Retirement” shall mean a termination of
      employment on or after the Participant’s 65th
      birthday.  In the event that your termination of employment is
      by reason of a Disability that does not satisfy the definition of
      "disability" under Section 409A or by reason of Retirement that does not
      satisfy the definition of "separation from service" under Section 409A,
      then Unvested Units will still vest pro-rata, based on the number of
      calendar days of employment with the Company during the vesting period
      (rounded down to the nearest whole number), but the Units that become
      Vested Units as a result of such pro-rata vesting will not be settled in
      shares of Common Stock until the Vest Date.  If your employment
      terminates for Cause, any Unvested Units will be forfeited immediately to
      the Company.

            
	
               

              (b)  Settlement of Vested Units.  For
      purposes of determining the settlement date under Section 2.1(a) for
      issuing stock in exchange for the pro-rated Vested Units, if your
      employment terminates by reason of (a) death, (b) Disability that also
      satisfies the definition of "disability" under Section 409A or (c)
      Retirement that also satisfies the definition of "separation from service"
      under Section 409A, the settlement date shall be (i) if you are a
      “specified employee,” the date six months after the date of death,
      Disability or Retirement or (ii) if you are not a “specified employee,”
      the date of death, Disability, or Retirement, and shares shall be issued
      within 90 days of the settlement date.  If your employment
      terminates by reason of a Disability that does not satisfy the definition
      of "disability" under Section 409A or by reason of Retirement that does
      not satisfy the definition of "separation from service" under Section
      409A, the settlement date shall be the Vest Date set forth in the Award
      Notice and the Vest Date shall be the “payment date” for purposes of
      Section 409A.

            
	
               

              2.2           Corporate
      Transaction

            
	
              In
      the event of a Corporate Transaction (other than a Related Party
      Transaction) that also constitutes a change in control event within the
      meaning of Section 409A, any Unvested Units will accelerate in vesting and
      become Vested Units immediately prior to such
  transaction.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
               

              3.Securities
      Law Compliance

            

    

    
      	
               

              3.1           You
      represent and warrant that you (a) have been furnished with a copy of
      the prospectus for the Plan and all information which you deem necessary
      to evaluate the merits and risks of receipt of the Award, (b) have
      had the opportunity to ask questions and receive answers concerning the
      information received about the Award and the Company, and (c) have
      been given the opportunity to obtain any additional information you deem
      necessary to verify the accuracy of any information obtained concerning
      the Award and the Company.

            
	
               

              3.2           You
      hereby agree that you will in no event sell or distribute all or any part
      of the shares of the Company's Common Stock that you receive pursuant to
      settlement of this Award (the "Shares")
      unless (a) there is an effective registration statement under the
      Securities Act of 1933, as amended (the "Securities
      Act") and applicable state securities laws covering any such
      transaction involving the Shares or (b) the Company receives an
      opinion of your legal counsel (concurred in by legal counsel for the
      Company) stating that such transaction is exempt from registration or the
      Company otherwise satisfies itself that such transaction is exempt from
      registration.  You understand that the Company has no obligation
      to you to register the Shares with the Securities and Exchange Commission
      and has not represented to you that it will so register the
      Shares.

            
	
               

              3.3           You
      confirm that you have been advised, prior to your receipt of the Shares,
      that neither the offering of the Shares nor any offering materials have
      been reviewed by any administrator under the Securities Act or any other
      applicable securities act (the "Acts")
      and that the Shares cannot be resold unless they are registered under the
      Acts or unless an exemption from such registration is
      available.

            
	
               

              3.4           You
      hereby agree to indemnify the Company and hold it harmless from and
      against any loss, claim or liability, including attorneys' fees or legal
      expenses, incurred by the Company as a result of any breach by you of, or
      any inaccuracy in, any representation, warranty or statement made by you
      in this Agreement or the breach by you of any terms or conditions of this
      Agreement.

            

    

    
      	
               

              4.Transfer
      Restrictions

            

    

    
      	
               

              Units
      shall not be sold, transferred, assigned, encumbered, pledged or otherwise
      disposed of, whether voluntarily or by operation of
  law.

            

    

    
      	
               

              5.No
      Rights as Shareholder

            

    

    
      	
               

              You
      shall not have voting or other rights as a shareholder of the Company with
      respect to the Units.

            

    

    
      	
               

              6.Independent
      Tax Advice

            

    

    
      	
               

              You
      acknowledge that determining the actual tax consequences to you of
      receiving or disposing of the Units and Shares may be
      complicated.  These tax consequences will depend, in part, on
      your specific situation and may also depend on the resolution of currently
      uncertain tax law and other variables not within the control of the
      Company.  You are aware that you should consult a competent and
      independent tax advisor for a full understanding of the specific tax
      consequences to you of receiving the Units and receiving or disposing of
      the Shares.  Prior to executing this Agreement, you either have
      consulted with a competent tax advisor independent of the Company to
      obtain tax advice concerning the receipt of the Units and the receipt or
      disposition of the Shares in light of your specific situation or you have
      had the opportunity to consult with such a tax advisor but chose not to do
      so.

            

    

    
      	
               

              7.           Book
      Entry Registration of Shares

            
	
              The Company will issue the Shares
      by registering the Shares in book entry form with the Company's transfer
      agent in your name and the applicable restrictions will be noted in the
      records of the Company's transfer agent and in the book entry
      system.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
               

              8.Withholding

            

    

    
      	
               

                    8.1  
            You are ultimately responsible
      for all taxes owed in connection with this Award including any domestic or
      foreign tax withholding obligation required by law, whether national,
      federal, state or local, including FICA or any other social tax obligation
      (the "Tax Withholding
      Obligation"), regardless of any action the Company or any Related
      Corporations take with respect to any such Tax Withholding Obligation that
      arises in connection with this Award.  The Company may refuse to
      issue any Shares to you, or your beneficiary, until you satisfy the Tax
      Withholding Obligation.

            

    

     

    8.2           In
order to satisfy your obligations set forth in Section 8.1, you hereby
irrevocably appoint any brokerage firm acceptable to the Company for such
purpose (the "Agent") as
your Agent, and authorize the Agent, to:

     

    
      	
              (a)  

            	
              Sell
      on the open market at the then prevailing market price(s), on your behalf,
      as soon as practicable on or after the settlement date for any Vested
      Unit, the minimum number of Shares (rounded up to the next whole number)
      sufficient to generate proceeds to cover the withholding taxes that you
      are required to pay pursuant to Section 8.1 and all applicable fees
      and commissions due to, or required to be collected by, the
      Agent;

            

    

     

    
      	
              (b)  

            	
              Remit
      directly to the Company the cash amount necessary to cover the payment of
      all taxes required to be withheld with respect to the settlement of a
      Vested Unit, as of such date;

            

    

     

    
      	
              (c)  

            	
              Retain
      the amount required to cover all applicable fees and commissions due to,
      or required to be collected by, the Agent, relating directly to the sale
      of Shares referred to in clause (a) above;
and

            

    

     

    
      	
              (d)  

            	
              Remit
      any remaining funds to you.

            

    

     

    It is the
intent of the parties that this Agreement comply with the requirements of Rule
10b5-1(c)(1)(i)(B) under the Exchange Act and this Agreement will be interpreted
to comply with the requirements of Rule 10b5-1(c) of the Exchange
Act.

     

    You
understand that the Agent may affect sales as provided in clause (a) above
jointly with sales for other employees of the Company and that the average price
for executions resulting from bunched orders will be assigned to your
account.  In addition, you acknowledge that it may not be possible to
sell Shares as provided by this Section 8.2 due to (i) a legal or contractual
restriction applicable to you or the Agent, (ii) a market disruption, or (iii)
rules governing order execution priority on the NASDAQ or other exchange where
the Shares may be traded.  In the event of the Agent’s inability to
sell Shares, you will continue to be responsible for payment to the Company of
all federal, state, local and foreign taxes that are required by applicable laws
and regulations to be withheld.

     

    You
acknowledge that regardless of any other term or condition of this Agreement,
the Agent will not be liable to you for (a) special, indirect, punitive,
exemplary, or consequential damages, or incidental losses or damages of any
kind, or (b) any failure to perform or for any delay in performance that results
from a cause or circumstance that is beyond its reasonable control.

     

    You
hereby agree to execute and deliver to the Agent any other agreements or
documents as the Agent reasonably deems necessary or appropriate to carry out
the purposes and intent of this Section 8.2.  The Agent is a third
party beneficiary of this Section 8.2.

    
      	
               

              8.3           Notwithstanding
      the forgoing, to the maximum extent permitted by law, the Company has the
      right to retain without notice from Shares issuable under the Award or
      from salary or other amounts payable to you, Shares or cash having a value
      sufficient to satisfy the Tax Withholding
  Obligation.

            

    

    
      	
               

              9.General
      Provisions

            

    

    
      	
               

              9.1           Successors and
      Assigns.  The provisions of this Agreement will inure to
      the benefit of the successors and assigns of the Company and be binding
      upon you and your heirs, executors, administrators, successors, and
      assigns.

            
	
               

              9.2           No Employment or Service
      Contract.  Nothing in this Agreement will be deemed to be
      an employment contract or limit in any way theright of the Company to
      terminate your employment at any time, with or without
    cause.

            
	
               

              9.3           Section 409A
      Compliance.  Notwithstanding any provision in the Plan or
      this Agreement to the contrary, the Plan Administrator may, at any time
      and without your consent, modify the terms of the Award as it determines
      appropriate to avoid the imposition of interest or penalties under Section
      409A.

            
	
               

              9.4           Governing
      Law.  This Agreement will be construed and administered
      in accordance with and governed by the laws of the State of Washington
      without giving effect to principles of conflicts of law.  For
      the purposes of litigating any dispute that arises under this Agreement,
      the parties hereby consent to exclusive jurisdiction and agree that such
      litigation shall be conducted in the federal or state courts of the State
      of Washington.ex10_5.htm

     

    
      	
               

              Exhibit
      10.5

            

    

    
      	 
      
	
              ITRON,
      INC.

            

    

    
      	
              AMENDED
      AND RESTATED 2000 STOCK INCENTIVE PLAN

            
	 
      
	
              RESTRICTED
      STOCK UNIT AWARD NOTICE

            
	
              FOR
      NON-U.S. PARTICIPANTS

            
	 
      

    

    
      	
               

              Itron,
      Inc. (the “Company”)
      hereby grants to Participant a restricted stock unit award (the “Award”).  The
      Award is subject to all the terms and conditions set forth in this
      Restricted Stock Unit Award Notice (the “Award
      Notice”), the Restricted Stock Unit Award Agreement, including any
      appendix thereto for Participant’s country (the “Agreement”)
      and the Itron, Inc. Amended and Restated 2000 Stock Incentive Plan (the
      “Plan”),
      all of which are incorporated into the Award Notice in their
      entirety.

            

    

    
      	 
      

    

    
      	
               

              Participant:

            
	
              Grant
    Date:

            
	
              Number of Restricted Stock
      Units:

            

    

    
      	
               

              Vesting Schedule:The
      Award will vest in full on the third anniversary of the Grant Date (the
      “Vest
      Date”).

            
	 
      

    

    
      	
               

              Additional
      Terms/Acknowledgement:  This Award is subject to all the
      terms and conditions set forth in this Award Notice, the Agreement, and
      the Plan which are attached to and incorporated into this Award Notice in
      their entirety.

            

    

    
      	 
      
	 
      

    

    
      	
              I
      accept this award subject to the terms and

            
	
              conditions
      stated herein.

            

    

    
      	 
      
	
              Attachments:

            

    

    
      	
              1.  Restricted
      Stock Unit Award Agreement including country appendix

            
	
              2.  2000
      Stock Incentive Plan

            

    

    
      	
              3.  Plan
      Summary

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              ITRON,
      INC.

            
	
              AMENDED
      AND RESTATED 2000 STOCK INCENTIVE
PLAN

            

    

    
      	
               

              RESTRICTED
      STOCK UNIT AWARD AGREEMENT

            

    

    
      	
              FOR
      NON-U.S. PARTICIPANTS

            

    

    
      	
               

              Pursuant
      to your Restricted Stock Unit Award Notice (the “Award
      Notice”) and this Restricted Stock Unit Award Agreement (this
      “Agreement”),
      Itron, Inc. (the “Company”)
      has granted you a restricted stock unit award (the “Award”)
      under its Amended and Restated 2000 Stock Incentive Plan (the “Plan”)
      for the number of restricted stock units indicated in your Award
      Notice.  Capitalized terms not expressly defined in this
      Agreement but defined in the Plan shall have the same definitions as in
      the Plan.

               

            

    

    
      	
              The
      details of the Award are as follows:

            
	 
      

    

    
      	
              1.  

            	
              Vesting

            

    

     

    
      	
               

              The
      Award will vest according to the vesting schedule set forth in the Award
      Notice (the “Vesting
      Schedule”). One share of
      Common Stock will be issuable for each restricted stock unit that
      vests.  Restricted stock units that have vested and are no
      longer subject to forfeiture according to the Vesting Schedule are
      referred to herein as “Vested
      Units.”  Restricted
      stock units that have not vested and remain subject to forfeiture under
      the Vesting Schedule are referred to herein as “Unvested
      Units.”  The
      Unvested Units will vest (and to the extent so vested cease to be Unvested
      Units remaining subject to forfeiture) in accordance with the Vesting
      Schedule (the Unvested and Vested Units are collectively referred to
      herein as the “Units”).  Except
      as provided in Section 2.1(b) below, all Vested Units will be settled on
      the Vest Date set forth in the Award Notice and the Vest Date shall be the
      “payment date” for purposes of Section 409A.  The Award will
      terminate and the Unvested Units will be subject to forfeiture upon your
      termination of employment as set forth in Section 2.1(a) and as
      further described in Section 8(l).

            

    

    
      	 
      

    

    
      	
              2.  

            	
              Termination
      of Employment; Corporate
Transaction

            

    

     

    
      	
              2.1  

            	
              Termination
      of Employment

            

    

     

    (a) Vesting of
Units.  Except as provided in Section 2.2 below, if your
employment terminates during the Units’ vesting period by reason of (a) death or
(b) Disability that also satisfies the definition of “disability” under Section
409A of the Code and the regulations thereunder (“Section
409A”)1, the Unvested Units will vest
pro-rata, based on the number of calendar days of employment with the Company or
a Related Corporation during the vesting period (rounded down to the nearest
whole number).  In the event that your termination of employment is by
reason of a Disability that does not satisfy the definition of “disability”
under Section 409A, then Unvested Units will still vest pro-rata, based on the
number of calendar days of employment with the Company or a Related Corporation
during the vesting period (rounded down to the nearest whole number), but the
Units that become Vested Units as a result of such pro-rata vesting will not be
settled in shares of Common Stock until the Vest Date.  If your
employment terminates for any other reason, any Unvested Units will be forfeited
immediately to the Company.

     

    (b) Settlement of Vested
Units.  For purposes of determining the settlement date under
Section 2.1(a) for issuing shares of Common Stock, if your employment terminates
by reason of (a) death or (b) Disability that also satisfies the definition of
“disability” under Section 409A, the settlement date shall be (i) if you are a
“specified employee,” the date six months after the date of death or Disability
or (ii) if you are not a “specified employee,” the date of death or Disability,
and shares of Common Stock shall be issued within 90 days of the settlement
date.  If your employment terminates by reason of a Disability that
does not satisfy the definition of “disability” under Section 409A, the
settlement date shall be the Vest Date set forth in the Award Notice and the
Vest Date shall be the “payment date” for purposes of Section 409A.

     

    
      	
              2.2  

            	
              Corporate
      Transaction

            

    

     

    
      	
               

              In
      the event of a Corporate Transaction (other than a Related Party
      Transaction) that also constitutes a change in control event within the
      meaning of Section 409A, any Unvested Units will accelerate in vesting and
      become Vested Units immediately prior to such
  transaction.

            

    

    
      	 
      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              3.  

            	
              Securities
      Law Compliance

            

    

     

    3.1 You
represent and warrant that you (a) have been furnished with a copy of the
prospectus for the Plan and all information which you deem necessary to evaluate
the merits and risks of receipt of the Award, (b) have had the opportunity
to ask questions and receive answers concerning the information received about
the Award and the Company, and (c) have been given the opportunity to
obtain any additional information you deem necessary to verify the accuracy of
any information obtained concerning the Award and the Company.

     

     

    3.2 You
hereby agree that you will in no event sell or distribute all or any part of the
shares of Common Stock that you receive pursuant to settlement of this Award
(the “Shares”)
unless (a) there is an effective registration statement under the U.S.
Securities Act of 1933, as amended (the “Securities
Act”) and any applicable state and foreign securities laws covering any
such transaction involving the Shares or (b) the Company receives an
opinion of your legal counsel (concurred in by legal counsel for the Company)
stating that such transaction is exempt from registration or the Company
otherwise satisfies itself that such transaction is exempt from
registration.  You understand that the Company has no obligation to
you to register the Shares with the U.S. Securities and Exchange Commission or
any foreign securities regulator and has not represented to you that it will so
register the Shares.

     

     

    3.3 You
confirm that you have been advised, prior to your receipt of the Shares, that
neither the offering of the Shares nor any offering materials have been reviewed
by any administrator under the Securities Act or any other applicable securities
act (the “Acts”) and
that the Shares cannot be resold unless they are registered under the Acts or
unless an exemption from such registration is available.

     

     

    3.4 You
hereby agree to indemnify the Company and hold it harmless from and against any
loss, claim or liability, including attorneys’ fees or legal expenses, incurred
by the Company as a result of any breach by you of, or any inaccuracy in, any
representation, warranty or statement made by you in this Agreement or the
breach by you of any terms or conditions of this Agreement.

     

     

    
      	
              4.  

            	
              Transfer
      Restrictions

            

    

     

    
      	
               

              Units
      shall not be sold, transferred, assigned, encumbered, pledged or otherwise
      disposed of, whether voluntarily or by operation of law.

               

            

    

     

    
      	
              5.  

            	
              No
      Rights as Shareholder

            

    

     

    
      	
               

              You
      shall not have voting or other rights as a shareholder of the Company with
      respect to the Units.

               

            

    

     

    
      	
              6.  

            	
              Book
      Entry Registration of Shares

            

    

     

    
      	
               

              The Company will issue the Shares
      by registering the Shares in book entry form with the Company’s transfer
      agent in your name and the applicable restrictions will be noted in the
      records of the Company’s transfer agent and in the book entry
      system.

               

            

    

     

    
      
         

      

      
         

        
          

        

      

    

    
      	
              7.  

            	
              Responsibility
      for Taxes

            

    

     

    7.1 Regardless
of any action the Company or your employer (the “Employer”)
takes with respect to any or all income tax, social insurance, payroll tax,
payment on account or other tax-related items related to your participation in
the Plan and legally applicable to you (“Tax-Related
Items”), you acknowledge that the ultimate liability for all Tax-Related
Items is and remains your responsibility and may exceed the amount actually
withheld by the Company and/or the Employer.  You further acknowledge
that the Company and the Employer (a) make no representations or undertakings
regarding the treatment of any Tax-Related Items in connection with any aspect
of the Award, including, but not limited to, the granting or vesting of the
Award, the settlement of Vested Units, the issuance of Shares upon settlement of
the Vested Units, the subsequent sale of Shares acquired upon settlement of the
Vested Units and the receipt of any dividends; and (b) do not commit to and are
under no obligation to structure the terms of the grant or any aspect of the
Award to reduce or eliminate your liability for Tax-Related Items or achieve any
particular tax result.  Further, if you have become subject to tax in
more than one jurisdiction between the Grant Date and the date of any relevant
taxable event, you acknowledge that the Company and/or the Employer (or former
employer, as applicable) may be required to withhold or account for Tax-Related
Items in more than one jurisdiction.

     

    7.2 Prior to
any relevant taxable or tax withholding event, as applicable, you will pay or
make adequate arrangements satisfactory to the Company and or the Employer to
satisfy all Tax-Related Items.

     

    (a) In this
regard, you hereby irrevocably appoint Fidelity or any brokerage firm designated
by the Company for such purpose (the "Agent") as
your Agent, and authorize the Agent, to:

     

    
      	
              (i)  

            	
              Sell
      on the open market at the then prevailing market price(s), on your behalf,
      as soon as practicable on or after the settlement date for any Vested
      Unit, the minimum number of Shares (rounded up to the next whole number)
      sufficient to generate proceeds to cover the Tax-Related Items and all
      applicable fees and commissions due to, or required to be collected by,
      the Agent;

            

    

     

    
      	
              (ii)  

            	
              Remit
      directly to the Company the cash amount necessary to cover the Tax-Related
      Items;

            

    

     

    
      	
              (iii)  

            	
              Retain
      the amount required to cover all applicable fees and commissions due to,
      or required to be collected by, the Agent, relating directly to the sale
      of Shares referred to in clause (i) above;
and

            

    

     

    
      	
              (iv)  

            	
              Remit
      any remaining funds to you.

            

    

     

    (b) Alternatively,
or in addition to or in combination with the withholding mechanism described in
Section 7.2(a), you authorize the Company and/or the Employer at their
discretion, to satisfy the obligations with regard to all Tax-Related Items
by:

     

    
      	
              (i)  

            	
              requiring
      you to pay to the Company or the Employer any amount of the Tax-Related
      Items; and/or

            

    

     

    
      	
              (ii)  

            	
              withholding
      any amount of the Tax-Related Items from your wages or other cash
      compensation paid to you by the Company and/or the Employer;
      and/or

            

    

     

    
      	
              (iii)  

            	
              withholding
      in Shares to be issued upon settlement of the Vested
  Units.

            

    

     

    (c) To avoid
negative accounting treatment, the Company may withhold or account for
Tax-Related Items by considering applicable minimum statutory withholding
amounts or other applicable withholding rates.  If the obligation for
Tax-Related Items is satisfied by withholding in Shares, for tax purposes, you
will be deemed to have been issued the full number of Shares subject to the
Vested Units notwithstanding that a number of the Shares are held back solely
for the purpose of paying the Tax-Related Items due as a result of any aspect of
your participation in the Plan.  The Company may refuse to issue or
deliver Shares to you if you fail to comply with your obligations in connection
with the Tax-Related Items.

     

    7.3 You
represent and warrant that you are not aware of any material, nonpublic
information with respect to the Company or any securities of the Company; you
are not subject to any legal, regulatory or contractual restriction which would
prevent the Agent from conducting sales as provided herein; you do not have, and
will not attempt to exercise, authority, influence or control over any sales of
Shares effected pursuant to Section 7.2(a); and you are entering into this
Agreement in good faith and not as part of a plan or scheme to evade the
prohibitions of Rule 10b5-1 (regarding trading of the Company’s securities on
the basis of material nonpublic information) under the U.S. Securities Exchange
Act of 1934, as amended (the “Exchange
Act”).  It is the intent of the parties that this Agreement
comply with the requirements of Rule 10b5-1(c)(1)(i)(B) under the Exchange Act
and this Agreement will be interpreted to comply with the requirements of Rule
10b5-1(c) of the Exchange Act.

    
      	
               

              You
      understand that the Agent may effect sales as provided in Section 7.2(a)
      above jointly with sales for other employees of the Company and/or Related
      Corporations and that the average price for executions resulting from
      bunched orders will be assigned to your account.  In addition,
      you acknowledge that it may not be possible to sell Shares as provided by
      Section 7.2(a) due to (i) a legal or contractual restriction applicable to
      you or the Agent, (ii) a market disruption, or (iii) rules governing order
      execution priority on the NASDAQ or other exchange where the Shares may be
      traded.  In the event of the Agent’s inability to sell Shares,
      you will continue to be responsible for the Tax-Related
    Items.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    You
acknowledge that regardless of any other term or condition of this Agreement,
the Agent will not be liable to you for (a) special, indirect, punitive,
exemplary, or consequential damages, or incidental losses or damages of any
kind, or (b) any failure to perform or for any delay in performance that results
from a cause or circumstance that is beyond its reasonable control.

     

    You
hereby agree to execute and deliver to the Agent any other agreements or
documents as the Agent reasonably deems necessary or appropriate to carry out
the purposes and intent of Section 7.2(a) and this Section 7.3.  The
Agent is a third party beneficiary of Section 7.2(a) and this Section
7.3.

     

    
      	
              8.  

            	
              Nature of
      Grant

            

    

     

     

    In
accepting the grant, you acknowledge that:

     

    (a) the Plan
is established voluntarily by the Company, it is discretionary in nature and it
may be modified, amended, suspended or terminated by the Company at any
time;

     

    (b) the grant
of the Award is voluntary and occasional and does not create any contractual or
other right to receive future grants of restricted stock units, or benefits in
lieu of restricted stock units, even if restricted stock units have been granted
repeatedly in the past;

     

    (c) all
decisions with respect to future grants of restricted stock units, if any, will
be at the sole discretion of the Company;

     

    (d) your
participation in the Plan shall not create a right to further employment with
the Employer and shall not interfere with the ability of the Employer to
terminate your employment relationship at any time;

     

    (e) you are
voluntarily participating in the Plan;

     

    (f) the Award
and the Shares subject to the Award are an extraordinary item that does not
constitute compensation of any kind for services of any kind rendered to the
Company or the
Employer, and which is outside the scope of your employment contract, if
any;

     

    (g) the Award
and the Shares subject to the Award are not intended to replace any pension
rights or compensation;

     

    (h) the Award
and the Shares subject to the Award are not part of normal or expected
compensation or salary for any purposes, including, but not limited to,
calculating any severance, resignation, termination, redundancy, end of service
payments, bonuses, long-service awards, pension or retirement or welfare
benefits or similar payments and in no event should be considered as
compensation for, or relating in any way to, past services for the Company, the
Employer or any Related Corporation;

     

    (i) the grant
of the Award and your participation in the Plan will not be interpreted to form
an employment contract or relationship with the Company or any Related
Corporation;

     

    (j) the
future value of the underlying Shares is unknown and cannot be predicted with
certainty;

     

    (k) in
consideration of the grant of the Award, no claim or entitlement to compensation
or damages shall arise from termination of the Award or diminution in value of
the Shares underlying the Award resulting from termination of your employment by
the Company or the Employer (for any reason whatsoever and whether or not in
breach of local labor laws) and you irrevocably release the Company and the
Employer from any such claim that may arise; if, notwithstanding the foregoing,
any such claim is found by a court of competent jurisdiction to have arisen, you
shall be deemed irrevocably to have waived your entitlement to pursue such
claim;

     

    (l) in the
event of termination of your employment (whether or not in breach of local labor
laws), your right to vest in the Award, if any, will terminate effective as of
the date that you are no longer actively employed and will not be extended by
any notice period mandated under local law (e.g., active employment would
not include a period of “garden leave” or similar period pursuant to local law);
the Board (or a committee appointed by the Board) shall have the exclusive
discretion to determine when you are no longer actively employed for purposes of
the Award; and

     

    (m) the Award
and the benefits under the Plan, if any, will not automatically transfer to
another company in the case of a merger, take-over or transfer of
liability.

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    9. No
Advice Regarding Grant

     

     

    The
Company is not providing any tax, legal or financial advice, nor is the Company
making any recommendations regarding your participation in the Plan or your
acquisition or sale of the underlying Shares.  You are hereby advised
to consult with your own personal tax, legal and financial advisors regarding
your participation in the Plan before taking any action related to the
Plan.  You acknowledge that you have either consulted with competent
advisors independent of the Company to obtain advice concerning the receipt of
the Award and the acquisition or disposition of any Shares to be issued pursuant
to the Award in light of your specific situation or had the opportunity to
consult with such advisors but chose not to do so.

     

     

    10. Data
Privacy

     

     

    You hereby explicitly and unambiguously
consent to the collection, use and transfer, in electronic or other form, of
your personal data as described in this Agreement and any other Award materials
by and among, as applicable, the Employer, the Company and its Related
Corporations for the exclusive purpose of implementing, administering and
managing your  participation in the Plan.

     

    
      	
               

              You
      understand that the Company and the Employer may hold certain personal
      information about you, including, but not limited to, your name, home
      address and telephone number, date of birth, social insurance number or
      other identification number, salary, nationality, job title, any shares of
      stock or directorships held in the Company, details of all Awards or any
      other entitlement to shares of stock awarded, canceled, exercised, vested,
      unvested or outstanding in your favor, for the exclusive purpose of
      implementing, administering and managing the Plan
  (“Data”).

            

    

    
      	
               

              You
      understand that Data will be transferred to Fidelity or such other stock
      plan service provider as may be selected by the Company in the future,
      which is assisting the Company with the implementation, administration and
      management of the Plan.  You understand that the recipients of
      Data may be located in the United States or elsewhere, and that the
      recipients’ country (e.g., the United States) may have different data
      privacy laws and protections than your country.  You understand
      that you may request a list with the names and addresses of any potential
      recipients of Data by contacting your local human resources
      representative.  You authorize the Company, Fidelity and any
      other possible recipients which may assist the Company (presently or in
      the future) with implementing, administering and managing the Plan to
      receive, possess, use, retain and transfer Data, in electronic or other
      form, for the sole purpose of implementing, administering and managing
      your participation in the Plan.  You understand that Data will
      be held only as long as is necessary to implement, administer and manage
      your participation in the Plan.  You understand that you may, at
      any time, view Data, request additional information about the storage and
      processing of Data, require any necessary amendments to Data or refuse or
      withdraw the consents herein, in any case without cost, by contacting in
      writing your local human resources representative.  You
      understand, however, that refusing or withdrawing your consent may affect
      your ability to participate in the Plan.  For more information
      on the consequences of your refusal to consent or withdrawal of consent,
      you understand that you may contact your local human resources
      representative.

               

            

    

     

    11. Electronic Delivery and
Participation

     

     

    The Company may, in its sole
discretion, decide to deliver any documents related to current or future
participation in the Plan by electronic means.  You hereby consent to
receive such documents by electronic delivery and agree to participate in the
Plan through an on-line or electronic system established and maintained by the
Company or a third party designated by the Company.

     

     

    12. Language

     

     

    If you
have received this Agreement or any other document related to the Plan
translated into a language other than English and if the meaning of the
translated version is different from the English version, the English version
will control.

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    13. General
Provisions

     

     

    13.1 Successors and
Assigns.  The provisions of this Agreement will inure to the
benefit of the successors and assigns of the Company and be binding upon you and
your heirs, executors, administrators, successors and assigns.

     

     

    13.2 Section 409A
Compliance.  Notwithstanding any provision in the Plan or this
Agreement to the contrary, the Plan Administrator may, at any time and without
your consent, modify the terms of the Award as it determines appropriate to
avoid the imposition of interest or penalties under Section 409A.

     

     

    13.3 Governing Law and Choice of
Venue.  The Award and the provisions of this Agreement will be
construed and administered in accordance with and governed by the laws of the
State of Washington without giving effect to such state’s principles of conflict
of laws.  For the purposes of litigating any dispute that arises under
this grant of this Agreement, the parties hereby submit to and consent to the
exclusive jurisdiction of the State of Washington and agree that such litigation
shall be conducted in the courts of Spokane County, Washington, or the federal
courts for the United States for the Eastern District of Washington, where this
grant is made and/or to be performed.

     

     

    13.4 Severability. The provisions of this
Agreement are severable and if any one or more provisions are determined to be
illegal or otherwise unenforceable, in whole or in part, the remaining
provisions shall nevertheless be binding and enforceable.

     

    
      	
               

              13.5 Notice. Any notice
      required or permitted hereunder shall be made in writing and sent to the
      following address:

               

            

    

    
      	
              Itron, Inc.

            
	
              Attn.  General
      Counsel

            
	
              2111 N. Molter
    Road

            
	
              Liberty Lake,
      WA  USA  99019

            

    

    
      	 
      

    

     

    14. Appendix

     

     

    Notwithstanding any provisions in this
Agreement, the Award shall be subject to any special terms and conditions set
forth in any appendix to this Agreement for your country (the “Appendix”).  Moreover,
if you relocate to one of the countries included in the Appendix, the special
terms and conditions for such country will apply to you, to the extent the
Company determines
that the application of such terms and conditions is necessary or advisable in
order to comply with local law or facilitate the administration of the
Plan.  The Appendix constitutes part of this Agreement.

     

     

    15. Imposition
of Other Requirements

     

     

    The Company reserves the right to
impose other requirements on your participation in the Plan, on the Award and on
any Shares acquired under the Plan, to the extent the Company determines it is
necessary or advisable in order to comply with local law or facilitate the
administration of the Plan, and to require you to sign any additional agreements
or undertakings that may be necessary to accomplish the foregoing.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    APPENDIX

    

    ITRON,
INC.

    AMENDED
AND RESTATED 2000 STOCK INCENTIVE PLAN

    

    RESTRICTED
STOCK UNIT AWARD AGREEMENT

    FOR
NON-U.S. PARTICIPANTS

    

    

    Terms
and Conditions

    

    This
Appendix includes additional terms and conditions that govern the restricted
stock unit award (the “Award”)
granted to you under the Itron, Inc. Amended and Restated 2000 Stock Incentive
Plan (the “Plan”) if
you reside in one of the countries listed below.  Capitalized terms
not expressly defined in this Appendix but defined in the Plan or the Restricted
Stock Unit Award Agreement (the “Agreement”)
shall have the same definitions as in the Plan and/or the Agreement, as
applicable.

    

    Notifications

    

    This
Appendix also includes information regarding exchange control and other issues
of which you should be aware with respect to your participation in the
Plan.  The information is based on the exchange control, securities
and other laws in effect in the respective countries as of November
2008.  Such laws are often complex and change
frequently.  As a result, the Company strongly recommends that you not
rely on the information herein as the only source of information relating to the
consequences of participation in the Plan because the information may be out of
date at the time that the Award vests or the Shares acquired under the Plan are
sold.

    

    In
addition, the information contained herein is general in nature and may not
apply to your particular situation and the Company is not in a position to
assure you of a particular result.  Accordingly, you are advised to
seek appropriate professional advice as to how the relevant laws in your country
may apply to your situation.

    

    Finally,
if you are a citizen or resident of a country other than the one in which you
are currently working, the information contained herein may not be applicable to
you.

    

    

    ARGENTINA

    

    Notifications

    

    Securities Law
Notification. Neither the Award nor
the underlying Shares are publicly offered or listed on any stock exchange in
Argentina.  The offer is private and not subject to the supervision of
any Argentine governmental authority.

    

    Exchange Control
Notification.  In the event that you transfer proceeds in
excess of US$2,000,000 from the sale of Shares into Argentina in a single month,
you will be required to place 30% of any proceeds in excess of US$2,000,000 in a
non-interest-bearing dollar-denominated mandatory deposit account for a holding
period of 365 days.

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    BELGIUM

    

    Notifications

    

    Tax Reporting
Notification.  If you are a Belgian resident, you are required
to report any bank or brokerage accounts held outside of Belgium on your annual
tax return.

    

    

    BRAZIL

    

    Terms
and Conditions

     

    Compliance with the
Law.  In accepting the grant of the Award, you acknowledge your
agreement to comply with applicable Brazilian laws and to pay any and all
applicable tax associated with the Award and the sale of the Shares acquired
under the Plan.

     

    Notifications

    

    Exchange Control Notification.
 If you are a
resident or domiciled in Brazil, you will be required to submit an annual
declaration of assets and rights held outside of Brazil to the Central Bank of
Brazil if the aggregate value of such assets and rights is equal to or greater
than US$100,000.  Assets and rights that must be reported include
Shares acquired under the Plan.

    

    

    CHINA

    

    Terms
and Conditions

    

    Vesting. This provision
supplements Section 1 of the Agreement.

     

    To
facilitate compliance with applicable laws or regulations in China, you agree
and acknowledge that the Company or the Agent is entitled to
(a) immediately sell all Shares issued to you upon settlement of the Vested
Units (on your behalf pursuant to this authorization), either at the time the
Vested Units are settled or when you cease employment with the Employer, the
Company or a Related Corporation, or (b) require that any Shares acquired
under the Plan be held with Fidelity (or another brokerage firm designated by
the Company) until the Shares are sold.  In any event, when the Shares
acquired under the Plan are sold, the proceeds of the sale of the Shares, less
any applicable Tax-Related Items and broker’s fees or commissions, will be
remitted to you in accordance with applicable exchange control law and
regulations, as further described below.

    

    Exchange Control
Requirements.  You understand and agree that, pursuant to local
exchange control requirements, you will be required to repatriate the cash
proceeds from the sale of the Shares acquired under the Plan to
China.  You further understand that, under local law, such
repatriation of the cash proceeds may need to be effectuated through a special
exchange control account established by the Company, a Related Corporation or
the Employer, and you hereby consent and agree that any cash proceeds from the
sale of Shares acquired under the Plan may be transferred to such special
account prior to being delivered to you.  You further agree to comply
with any other requirements that may be imposed by the Company in the future in
order to facilitate compliance with exchange control requirements in
China.

    

    

    GERMANY

    

    Notifications

     

    Exchange Control
Notification.  Cross-border payments in excess of €12,500 must
be reported monthly to the German Federal Bank.  If you use a German
bank to transfer a cross-border payment in excess of €12,500 in connection with
the sale of Shares acquired under the Plan, the bank will make the report for
you.  In addition, you must report any receivables, payables, or debts
in foreign currency exceeding an amount of €5,000,000 in any month.

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    HUNGARY

    

    Notifications

    

    Social Insurance
Notification.  This provision supplements Section 7.1 of
the Agreement:

    

    Pursuant
to the Social Insurance Act (Act. No. LXXX of 1997 on Social Insurance
Contributions), you are responsible for paying both the employee
portion and the employer portion of social insurance contributions due in
connection with the Award.

    

    

    INDIA

    

    Terms
and Conditions

    

    Fringe Benefit Tax
Obligation. This provision
supplements Section 7.1 of the Agreement:

    

    In
accepting the grant of the Award, you consent and agree to assume any and all
liability for fringe benefit tax that may be payable by the Company and/or the
Employer in connection with the Award, at the discretion of the Company and/or
the Employer.  Further, in accepting the grant of the Award, you agree
that the Company and/or the Employer may collect the fringe benefit tax from you
by any of the means set forth in Section 7.2 of the Agreement or any other
reasonable method established by the Company.  You also agree to
execute any other consents or elections required to accomplish the foregoing,
promptly upon request by the Company.

    

    Notifications

    

    Exchange Control
Notification. You understand that you
must repatriate any proceeds from the sale of Shares acquired under the Plan to
India and convert the proceeds into local currency within ninety (90) days of
receipt.  You will receive a foreign inward remittance certificate
(“FIRC”)
from the bank where you deposit the foreign currency.  You should
maintain the FIRC as evidence of the repatriation of the proceeds in the event
the Reserve Bank of India or the Employer requests proof of
repatriation.

    

    

    ITALY

    

    Terms
and Conditions

    

    Data Privacy. This provision replaces
Section 10 of the Agreement:

    

    You
hereby explicitly and unambiguously consent to the collection, use, processing
and transfer, in electronic or other form, of your personal data as described
below by and among, as applicable, the Employer, the Company, and any Related
Corporation, for the exclusive purpose of implementing, administering, and
managing your participation in the Plan.

    

    You
understand that the Employer, the Company, and any Related Corporation may hold
certain personal information about you, including, but not limited to, your
name, home address and telephone number, date of birth, social insurance or
other identification number, salary, nationality, job title, any shares of stock
or directorships held in the Company or any Related Corporation, details of all
Awards, or any other entitlement to shares of stock awarded, canceled,
exercised, vested, unvested or outstanding in your favor, for the exclusive
purpose of implementing, managing and administering the Plan
(“Data”).

     

    You
also understand that providing the Company with Data is necessary for the
performance of the Plan and that your refusal to provide Data would make it
impossible for the Company to perform its contractual obligations and may affect
your ability to participate in the Plan. The controller of personal data
processing is Itron, Inc. with registered offices at 2111 N. Molter Road,
Liberty Lake, Washington 99019, U.S.A., and, pursuant to Legislative Decree no.
196/2003, its representative in Italy is [insert name of Italian data privacy
representative, e.g., applicable Italian subsidiary], with registered offices at
[insert address of Italian data privacy representative].

    

    You
understand that Data will not be publicized, but it may be transferred to banks,
other financial institutions, or brokers involved in the management and
administration of the Plan.  You understand that Data may also be
transferred to the independent registered public accounting firm engaged by the
Company.  You further understand that the Company and/or its Related
Corporations, will transfer Data among themselves as necessary for the purpose
of implementing, administering and managing your participation in the Plan, and
that the Company and its Related Corporations may each further transfer Data to
third parties assisting the Company in the implementation, administration, and
management of the Plan, including any requisite transfer of Data to a broker or
other third party with whom you may elect to deposit any Shares acquired at
settlement of the Vested Units.  Such recipients may receive, possess,
use, retain, and transfer Data in electronic or other form, for the purposes of
implementing, administering, and managing your participation in the
Plan.  You understand that these recipients may be located in or
outside the European Economic Area, such as in the United States or
elsewhere.  Should the Company exercise its discretion in suspending
all necessary legal obligations connected with the management and administration
of the Plan, it will delete Data as soon as it has completed all the necessary
legal obligations connected with the management and administration of the
Plan.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    You
understand that Data processing related to the purposes specified above shall
take place under automated or non-automated conditions, anonymously when
possible, that comply with the purposes for which Data is collected and with
confidentiality and security provisions, as set forth by applicable laws and
regulations, with specific reference to Legislative Decree no.
196/2003.

    

    The
processing activity, including communication, the transfer of Data abroad,
including outside of the European Economic Area, as herein specified and
pursuant to applicable laws and regulations, does not require your consent
thereto, as the processing is necessary for the performance of contractual
obligations related to the implementation, administration, and management of the
Plan.  You understand that, pursuant to Section 7 of the Legislative
Decree no. 196/2003, you have the right to, including but not limited to,
access, delete, update, correct, or terminate, for legitimate reason, the Data
processing.

    

    Furthermore,
you are aware that Data will not be used for direct-marketing
purposes.  In addition, Data provided can be reviewed and questions or
complaints can be addressed by contacting your local human resources
representative.

    

    Plan Document
Acknowledgment.  In accepting the grant of the Award, you
acknowledge that you have received a copy of the Plan and the Agreement and have
reviewed the Plan and the Agreement, including this Appendix, in their entirety
and fully understand and accept all provisions of the Plan and the Agreement,
including this Appendix.

    

    You
further acknowledge that you have read and specifically and expressly approve
the following sections of the Agreement and this Appendix:  Section 1:
Vesting; Section 2:  Termination of Employment; Corporate Transaction;
Section 7: Responsibility for Taxes; Section 8: Nature of Grant;
Section 11: Electronic Delivery and Participation; Section 12:
Language; Section 13.3: Governing Law and Choice of Venue; Section 15:
Imposition of Other Requirements; and the Data Privacy provision
above.

    

    Notifications

    

    Exchange Control
Notification.  You are required to report in your annual tax
return:  (a) any transfers of cash or Shares to or from Italy
exceeding €10,000, and (b) any foreign investments or investments (including
proceeds from the sale of Shares acquired under the Plan) held outside of Italy
exceeding €10,000, if the investment may give rise to income in
Italy.  You are exempt from the formalities in (a) if the investments
are made through an authorized broker resident in Italy, as the broker will
comply with the reporting obligation on your behalf.

    

    

    LUXEMBOURG

    

    Notifications

    

    Exchange Control
Notification.  You are required to report any inward
remittances of funds to the Banque Central de Luxembourg
and/or the Service Central de
La Statistique et des Études Économiques within fifteen (15) working days
following the month during the transaction occurred.  If a Luxembourg
financial institution is involved in the transaction, it generally will fulfill
the reporting obligation on your behalf; otherwise, you will have to report the
transaction yourself.

    

     

    MALAYSIA

    

    Notifications

    

    Securities Law
Notification.  You should be aware of the Malaysian insider
trading rules summarized below.

    

    Under the
Malaysian Capital Markets and Services Act, 2007, you are prohibited from
acquiring Shares or rights to Shares (e.g., an Award) or selling
Shares when you are in possession of information which is not generally
available and which you know or should know will have a material effect on the
Company’s stock price once such information is generally available.

    

    Director Notification
Obligation.  If you are a director of a Malaysian Related
Corporation, you are subject to certain notification requirements under the
Malaysian Companies Act, 1965.  Among these requirements is an
obligation to notify the Malaysian Related Corporation in writing when you
acquire or dispose of an interest (e.g., an Award or Shares) in
the Company or a Related Corporation.  Such notifications must be made
within fourteen (14) days of acquiring or disposing of any interest in the
Company or a Related Corporation.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    NETHERLANDS

    

    Notifications

     

    Securities Law
Notification. You should be aware of
Dutch insider trading rules which may impact the sale of Shares acquired under
the Plan.  In particular, you may be prohibited from effecting certain
Share transactions if you have insider information regarding the
Company.

     

    It is
your responsibility to comply with the following Dutch insider trading
rules:

     

    Under
Article 46 of the Act on the Supervision of the Securities Trade 1995, anyone
who has “inside information” related to the Company is prohibited from
effectuating a transaction in securities in or from the
Netherlands.  “Inside information” is knowledge of a detail concerning
the issuer to which the securities relate that is not public and which, if
published, would reasonably be expected to affect the stock price, regardless of
the development of the price.  The insider could be any employee of
the Company or a Related Corporation in the Netherlands who has inside
information as described herein.

     

    Given the
broad scope of the definition of inside information, certain employees of the
Company working at a Related Corporation in the Netherlands (including you) may
have inside information and, thus, would be prohibited from effectuating a
transaction in securities in the Netherlands at a time when the employee had
such inside information.

     

    

    PORTUGAL

    

    Notifications

    

    Exchange Control
Notification.  If you acquire Shares upon settlement of the
Vested Units, the acquisition of the Shares should be reported to the Banco de Portugal for
statistical purposes.  If the Shares are deposited with a commercial
bank or financial intermediary in Portugal, such bank or financial intermediary
will submit the report on your behalf.  If the Shares are not
deposited with a commercial bank or financial intermediary in Portugal, you are
responsible for submitting the report to the Banco de
Portugal.

     

    

    SOUTH
AFRICA

    

    Terms
and Conditions

    

    Responsibility for
Taxes.  The following provision supplements Section 7 of
the Agreement:

    

    In
accepting the grant of the Award, you agree that, immediately upon vesting of
the Award, you will notify the Employer of the amount of any gain
realized.  If you fail to advise the Employer of the gain realized
upon vesting, you may be liable for a fine.  You will be solely
responsible paying any difference the actual tax liability resulting from the
Award and the amount withheld by the Company or the Employer.

     

    Notifications

    

    Exchange Control
Notification.  Exchange control approval is no longer required
in order for South African residents to participate in foreign share incentive
schemes.  However, certain exchange control regulations may still
affect your participation in the Plan.

    

    Because exchange control regulations
change frequently and without notice, you should consult your legal advisor
prior to the acquisition or sale of Shares under the Plan to ensure compliance
with current regulations.  It is your responsibility to comply
with South African exchange control laws, and neither the Company nor the
Employer will be liable for any fines or penalties resulting from your failure
to comply with applicable laws.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    SPAIN

    

    Terms
and Conditions

    

    Nature of
Grant.  The following provision supplements Section 8 of
the Agreement:

    

    In
accepting the grant of the Award, you consent to participation in the Plan and
acknowledge that you have received a copy of the Plan.

    

    You
understand that the Company has unilaterally, gratuitously and in its sole
discretion decided to grant Awards to individuals who may be employees of the
Company or a Related Corporation throughout the world.  The decision
is limited and entered into based upon the express assumption and condition that
any grant will not bind the Company or a Related Corporation, other than as
expressly set forth in the Agreement.  Consequently, you understand
that the Award is granted on the assumption and condition that the Award and any
Shares acquired upon settlement of the Vested Units are not part of any
employment contract (whether with the Company or a Related Corporation) and
shall not be considered a mandatory benefit, salary for any purpose (including
severance compensation), or any other right whatsoever.  Furthermore,
you understand that you will not be entitled to continue vesting in the Award
once your active employment with the Company or a Related Corporation
ceases.  In addition, you understand that this grant would not be made
but for the assumptions and conditions set forth above; thus, you acknowledge
and freely accept that, should any or all of the assumptions be mistaken or any
of the conditions not be met for any reason, then the grant of or any right to
the Award and the underlying Shares shall be null and void.

     

    Notifications

    

    Exchange Control
Notification.  You must declare the acquisition of Shares to
the Dirección General de
Política Comercial e Inversiones Exteriores (“DGPCIE”) of the Ministerio de Economia for
statistical purposes.  You must also declare the ownership of any
Shares with the Directorate of Foreign Transactions each January while the
Shares are owned.  In addition, if you wish to import the ownership
title of the Shares (e.g., share certificates)
into Spain, you must declare the importation of such securities to the
DGPCIE.

    

    When
receiving foreign currency payments derived from the ownership of Shares (i.e., dividends or sale
proceeds), you must inform the financial institution receiving the payment of
the basis upon which such payment is made.  You will need to provide
the following information:  (i) your name, address, and fiscal
identification number; (ii) the name and corporate domicile of the Company;
(iii) the amount of the payment and the currency used; (iv) the country of
origin; (v) the reasons for the payment; and (vi) any further information that
may be required.

    

    

    SWEDEN

    

    There are
no country-specific provisions.

    

    

    UNITED ARAB
EMIRATES

    

    There are
no country-specific provisions.

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    UNITED
KINGDOM

    

    Terms
and Conditions

    

    Vesting.  This
provision supplements Section 1 of the Agreement:

    

    Notwithstanding
any discretion or anything to the contrary in the Plan and/or the Agreement, the
grant of the Award does not provide any right for you to receive a cash payment
and the Vested Units will be settled in Shares only.

    

    Responsibility for
Taxes.  The following provision supplements Section 7 of the
Agreement:

    

    If
payment or withholding of the Tax-Related Items (including the Employer’s
Liability, as defined below) is not made within ninety (90) days of the event
giving rise to the Tax-Related Items (the “Due
Date”) or such other period specified in Section 222(1)(c) of the U.K.
Income Tax (Earnings and Pensions) Act 2003, the amount of any uncollected
Tax-Related Items will constitute a loan owed by you to the Employer, effective
on the Due Date.  You agree that the loan will bear interest at the
then-current official rate of Her Majesty’s Revenue and Customs (“HMRC”),
it will be immediately due and repayable, and the Company or the Employer may
recover it at any time thereafter by any of the means referred to in Section 7.2
of the Agreement.  Notwithstanding the foregoing, if you are a
director or executive officer of the Company (within the meaning of Section
13(k) of the U.S. Securities and Exchange Act of 1934, as amended), you will not
be eligible for such a loan to cover the Tax-Related Items.  In the
event that you are a director or executive officer and the Tax-Related Items are
not collected from or paid by you by the Due Date, the amount of any uncollected
Tax-Related Items will constitute a benefit to you on which additional income
tax and national insurance contributions (including the Employer’s Liability, as
defined below) will be payable.  You will be responsible for reporting
and paying any income tax and national insurance contributions (including the
Employer’s Liability, as defined below) due on this additional benefit directly
to HMRC under the self-assessment regime.

    

    Joint Election.  As
a condition of your participation in the Plan, you agree to accept any liability
for secondary Class 1 national insurance contributions (the “Employer’s
Liability”) which may be payable by the Company and/or the
Employer in connection with the Award and any event giving rise to
Tax-Related Items.  To accomplish the foregoing, you agree to execute the
following joint election with the Company (the “Joint
Election”), the form of such Joint Election being formally approved by
HMRC, and any other consent or elections required to accomplish the transfer of
the Employer’s Liability to you.  You further agree to execute such
other joint elections as may be required between yourself and any successor to
the Company and/or the Employer.  You further agree that the Company
and/or the Employer may collect the Employer’s Liability by any of the means set
forth in Section 7.2 of the Agreement.

    

    
      	
               

              If
      you do not enter into a Joint Election prior to vesting of the Award or
      any other event giving rise to Tax-Related Items, you will forfeit the
      Units and any benefits in connection with the Award, and any Shares that
      have been issued will be returned to the Company at no cost to the
      Company, without any liability to the Company and/or the
      Employer.

            

    

    

      

    

    
      
        	
                1Section 409A only applies to U.S.
      taxpayers.

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