Document:

Exhibit
10.1

 

RESTRICTED STOCK
AGREEMENT

 

This Agreement
(the “Agreement”) is made as of the 31st day of August, 2007 (“Date
of Award”), between Medarex, Inc., a New Jersey corporation (the “Company”),
and Christian S. Schade (the “Grantee”). 
In consideration of the agreements set forth below, the Company and the
Grantee agree as follows:

 

1.             Grant.  A
restricted stock award (“Award”) of 65,000 shares (“Award Shares”) of the
Company’s common stock, $.01 par value per share (“Common Stock”), is hereby
granted by the Company to the Grantee subject to (i) the terms and conditions
hereof, (ii) the provisions of the Medarex, Inc. 2005 Equity Incentive Plan
(the “Plan”), a copy of which is attached hereto as Exhibit A and the terms of
which are incorporated by reference herein, and (iii) the terms and conditions
of the Grantee’s employment agreement with the Company dated January 5, 2004
(the “Employment Agreement”), and (iv) the receipt by the Company of a stock
power endorsed in blank by the Grantee, in the form attached hereto as Exhibit
B.  All capitalized terms used herein and
not otherwise defined shall have the meanings set forth in the Plan.  The term “Cause” as used herein shall have
the meaning set forth in Section 6.B.(1) of the Employment Agreement and not in
the Plan.  In the event of any conflict
between the provisions of this Agreement, the Employment Agreement and those of
the Plan, the provisions of the Plan shall control.

 

2.             Transfer Restrictions.  None of the Award Shares shall be sold,
assigned, pledged or otherwise transferred, voluntarily or involuntarily, by
the Grantee, except in accordance with the terms of this Agreement and the
Plan.

 

3.             Release of Restrictions.  

 

(a)
The restrictions set forth in Section 2 above shall lapse on August 31, 2010 with
respect to all 65,000 Award Shares, provided, however, that if, prior to August 31, 2010, the Grantee’s employment with the
Company is terminated by the Company either (i) without Cause or (ii) after
giving the Grantee notice of non-renewal of the Employment Agreement, the
restrictions set forth in Section 2 above shall be deemed to have lapsed with
respect to 1/36th of the Award Shares for each month of Grantee’s
employment with the Company beginning on August 31, 2007 and ending on Grantee’s
termination date.

 

(b) In
the event the Grantee’s employment with the Company is terminated prior to the
date the restrictions lapse, as provided in Section 3(a), due to the Grantee’s
retirement, permanent disability, or death, or in cases of special circumstances,
the Committee may, in its sole discretion, when it finds that a waiver would be
in the best interests of the Company, waive in whole or in part any or all
remaining restrictions with respect to the Grantee’s Award Shares.

 

4.             Forfeiture. 
Except as set forth in Section 3 above, in the event the Grantee’s
employment with the Company is terminated for any reason prior to the date the
restrictions lapse

 

 

as provided in Section 3
above, the Award Shares for which restrictions have not lapsed shall be
forfeited to the Company.

 

5.             Tender Offer/Merger; Adjustment of Shares.  Notwithstanding anything contained herein to
the contrary:

 

(a)           Award Shares (i) may be tendered in
response to a tender offer for or a request or invitation to tenders of greater
than 50% of the outstanding Common Stock of the Company or (ii) may be
surrendered in a merger, consolidation or share exchange involving the Company;
provided, however, that in each case, in
the event such tender offer, request for tender, merger, consolidation or share
exchange does not result in a Change in Control, the securities or other
consideration received in exchange therefore shall thereafter be subject to the
restrictions and conditions set forth herein. 
Notwithstanding anything in the foregoing to the contrary, upon a Change
in Control any and all restrictions on restricted stock shall lapse regardless
of the restriction period established by the Committee and all such restricted
stock shall become fully vested and nonforfeitable.

 

(b)           In the event of any change in the
outstanding Common Stock resulting from a subdivision or consolidation of
shares, whether through reorganization, recapitalization, share split, reverse
share split, share distribution or combination of shares or the payment of a share
dividend, the Award Shares shall be treated in the same manner in any such
transaction as other Common Stock.  Any
Common Stock or other securities received by the Grantee with respect to the
Award Shares in any such transaction shall be subject to the restrictions and
conditions set forth herein.

 

6.             Rights as Stockholder.  The Grantee shall be entitled to all of the
rights of a stockholder with respect to the Award Shares held in escrow
including the right to vote such shares and to receive dividends and other
distributions payable with respect to such shares since the Date of Award, even
if some or all of such Award Shares have not yet vested and been released from
the restrictions set forth in Section 2 above.

 

7.             Escrow of Share Certificates.  Certificates for the Award Shares shall be
issued in the Grantee’s name and shall be held in escrow by the Company until
all restrictions lapse or such shares are forfeited as provided herein;
provided, however, that the terms of such escrow shall make allowance for the
transactions contemplated by Section 5 above. 
A certificate or certificates representing the Award Shares as to which
restrictions have lapsed shall be delivered to the Grantee upon such lapse,
provided that any withholding obligations of the Company are satisfied pursuant
to Section 9 below.

 

8.             Government Regulations.  Notwithstanding anything contained herein to
the contrary, the Company’s obligation to issue or deliver certificates
evidencing the Award Shares shall be subject to all applicable laws, rules and
regulations and to such approvals by any governmental agencies or national
securities exchanges as may be required.

 

 

 

9.             Withholding
Taxes.  The Company shall have the
right to require the Grantee to remit to the Company, or to withhold from other
amounts payable to the Grantee, as compensation or otherwise, an amount
sufficient to satisfy all federal, state and local withholding tax requirements
which may arise in connection with this Award.

 

10.           Tax Consequences.   The
acquisition and vesting of the Award Shares may have adverse tax consequences
to the Grantee that may be avoided or mitigated by filing an election under
Section 83(b) of the Code.  Such election
must be filed within thirty (30) days after the date this Award is granted.  The Grantee hereby acknowledges that it is
his responsibility, and not the Company’s, to file a timely election under
Section 83(b) of the Code, even if the Grantee requests the Company to make
such filing on his behalf.

 

11.           Award not a Service Contract.  This Award is not an employment or service
contract, and nothing in this Award shall be deemed to create in any way
whatsoever any obligation on the Grantee’s part to continue in the employ of or
service to the Company, or on the part of the Company to continue the Grantee’s
employment or service.

 

12.           Governing Law.  This Agreement shall be construed under the
laws of the State of New Jersey, without regard to its conflicts of laws
principles.

 

IN WITNESS WHEREOF, the
Company has caused this Award to be granted on the date first above written.

 

	
   

  	
  Medarex, Inc.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Howard
  H. Pien

  	
   

  
	
   

  	
   

  	
  Howard H. Pien,

  
	
   

  	
   

  	
  President and

  
	
   

  	
   

  	
  Chief Executive Officer

  
	
   

  	
   

  
	
  Accepted:

  	
   

  
	
   

  	
   

  
	
    /s/
  Christian S. Schade

  	
   

  	
   

  
	
  Christian S. Schade – Grantee

  	
   

  
					

 

 

EXHIBIT B

 

STOCK POWER

 

FOR VALUE RECEIVED                                                                                                      

 

Please
insert Social Security or other

   Identification number of assignee

 

Hereby sell, assign and
transfer unto:                                                                                        

 

                                                                                                                                                    

                                                                                                                                                    

 

(                                )
Shares of the                           
Capital Stock of                                             

 

                                                      
standing in my (our) name(s) on the books of said Corporation represented by
Certificate(s) No.(s)                                                                                                                                                             

 

herewith and do hereby
irrevocably constitute and appoint                                                             

                                                                                                                                                            

Attorney to transfer the
said stock on the books of said Corporation with full power of substitution in
the premises.

 

 

	
  Dated:

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Signature Guaranteed*

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
								

 

 

* An eligible guarantor
is a member of one of the Acceptable Signature Guarantee Medallion Programs
(STAMP, SEMP, NYSEMSP) with a bond limit of $500,000 or more, or has applied to
us and has been accepted by Continental Stock Transfer & Trust Company as of
current date.Exhibit
10.1

THIRD
AMENDMENT TO LEASE

This
Third Amendment to Lease (“Amendment”), made and entered into
as of the 7th date of September, 2007, by and between Paragon Centre Holdings, LLC, a Kentucky
limited liability company (“Landlord”) and Texas
Roadhouse Holdings LLC, a Kentucky limited liability company (“Tenant”);

WITNESSETH
THAT:

WHEREAS,
Landlord and Tenant entered into that certain Amended and
Restated Lease dated January 1, 2006 (“Lease”), a First Amendment to Lease
dated December 27, 2006, and a Second Amendment to Lease dated May 10, 2007, for
space in Two Paragon Centre as follows:

Suite 400 (16,023 square feet of rentable space);

Suite 100 (3,082 square feet of rentable space);

Suite 110 (2,416 square feet of rentable space);

Suite 120 (2,994 square feet of rentable space);

Suite 130, (2,313 square feet of rentable space);

Suite 140 (1,334 square feet of rentable space);

Suite 150 (3,317 square feet of rentable space);

Suite 200 (8,040 square feet of rentable space);

Suite 300 (4,334 square feet of rentable space);

Suite 305 (1,488 square feet of rentable space);

Suite 310 (1,405 square feet of rentable space);

Suite 315 (3,863 square feet of rentable space);

Suite 320 (4,581 square
feet of rentable space)

all located in Two
Paragon Centre, 6040 Dutchmans Lane, Louisville, Kentucky, for a total of 55,190
square feet of rentable space (“Premises”);

WHEREAS,
Tenant now occupies all of the aforesaid Suites and desires to lease additional
space known as Suite 250 in Two Paragon Centre; and

WHEREAS,
Tenant has a Right of First Offer to lease additional suites in Two Paragon
Centre, including Suite 250, and Tenant has notified Landlord of its intent to
lease Suite 250; and

WHEREAS,
Landlord and Tenant desire to amend certain other terms and
conditions of the Lease and evidence their agreements and other matters by
means of this Amendment;

NOW,
THEREFORE, in consideration of the mutual covenants contained
herein, and other good and valuable consideration, the receipt, adequacy and
sufficiency of which are hereby acknowledged, the Lease is hereby amended and
the parties hereby agree as follows:

1.                                       Pursuant
to Exhibit C, paragraph 1 of the Lease, Landlord agrees to lease and Tenant
agrees to accept in its “AS IS WHERE IS” condition, Suite 250 in Two Paragon
Centre deemed to be 3,892 square feet of rentable space. Paragraph 2.1 of the
Lease shall be amended to include Suite 250 as a part of the Premises and the
total rentable square footage of the Premises shall be amended to 59,082 square
feet effective August 31, 2007. The term for Suite 250 shall run co-terminous
with the remainder of the Premises. Paragraph 2.2 of the Lease is hereby
amended to state that Tenant’s obligation to pay Base Rent and Tenant’s Prorata
Share of Operating Expenses for Suite 250 commences November 1, 2007.  Exhibit C, paragraph 1 will continue to be in
full force and effect as it pertains to Suite 220 in Two Paragon Centre.

2.                                       Landlord
and Tenant agree that the Base Rent for the Premises beginning November 1,
2007, will be $18.89 per rentable square foot. Section 3.1 of the Lease will be
amended as follows:

	
  Months of 

  Term

  	
  Premises

  	
  Base Rent per Rentable Square Foot

  	
  Total Base Rent

  	
  Base Rent Monthly

  
	
  11/1/07-12/31/15

  	
  400, 100, 110, 120, 130, 140, 150, 200, 300, 305,
  310, 315, 320, 250

  	
  $18.89

  	
  $1,116,058.98

  	
  $93,004.92

  
	
  1/1/16-12/31/20

  	
  400, 100, 110, 120, 130, 140, 150, 200, 300, 305,
  310, 315, 320, 250

  	
  95% of Fair Market Rent (as defined in Exhibit C,
  Special Stipulations)

  

 

3.                                       All
capitalized terms used herein and not otherwise defined herein shall have the
meanings ascribed to them in the Lease.

4.                                       This
Amendment shall not be valid and binding on Landlord and Tenant unless and
until it has been completely executed by and delivered to both parties.

EXCEPT
AS expressly amended and modified hereby, the Lease shall
otherwise remain in full force and effect, the parties hereto hereby ratifying
and confirming the same, including but not limited to the Special Stipulations
detailed in Exhibit C of the Lease. To the extent of any inconsistency between
the Lease and this Amendment, the terms of this Amendment shall control as to
the subject matter covered herein.

IN
WITNESS WHEREOF, the undersigned parties have duly executed
this Amendment as of the date and year first above written.

	
  LANDLORD:

  	
   

  	
   

  	
   

  	
  TENANT:

  
	
  PARAGON CENTRE

  	
   

  	
   

  	
   

  	
  TEXAS ROADHOUSE

  
	
  HOLDINGS, LLC

  	
   

  	
   

  	
   

  	
  HOLDINGS LLC

  
	
  A Kentucky limited liability

  	
   

  	
   

  	
   

  	
  A Kentucky limited liability

  
	
  company

  	
   

  	
   

  	
   

  	
  company

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  /s/ David W. Nicklies

  	
   

  	
  By:

  	
   

  	
  Texas Roadhouse, Inc., a Delaware

  
	
   

  	
   

  	
  David W. Nicklies, Manager

  	
   

  	
   

  	
   

  	
  corporation, its Manager

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  	
  /s/ G.J. Hart

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  G.J. Hart, President,

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Chief Executive Officer

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