Document:

exv10w80

 

Exhibit 10.80

Grant No.:

CAPITALSOURCE INC.

THIRD AMENDED AND RESTATED EQUITY INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

     CapitalSource Inc., a Delaware corporation (the “Company”), hereby grants restricted stock
units (“Restricted Stock Units”) for shares of its common stock (the “Stock”) to the Grantee named
below, subject to the vesting conditions set forth below. Additional terms and conditions of the
grant are set forth in this cover sheet, in the attached Restricted Unit Agreement (the
“Agreement”) and in the Company’s Third Amended and Restated Equity Incentive Plan (as amended from
time to time, the “Plan”).

Name of Grantee:

Grantee’s Social Security Number:

Number of Restricted Stock Units:

Grant Date:

Vest Base Date:

Vesting Schedule:

     By your signature below, you agree to all of the terms and conditions described in the
attached Agreement and in the Plan, a copy of which is also attached. You acknowledge that you
have carefully reviewed the Plan, and agree that the Plan will control in the event any provision
of this cover sheet or Agreement should appear to be inconsistent.

	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Date:	 	 	 	 
	 

Grantee

	 	 	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	Date:	 	 	 	 
	 

	 	 	 	 	 	 

	 	 
	CapitalSource Inc.
	 	 	 	 	 	 	 	 
	Title:
	 	 	 	 	 	 	 	 

Attachment

     This is not a stock certificate or a negotiable instrument.

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CAPITALSOURCE INC.

THIRD AMENDED AND RESTATED EQUITY INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

	 	 	 
	Restricted Stock Units

	 	This Agreement evidences an award of
restricted stock units in the number
set forth on the cover sheet and
subject to the vesting and other
conditions set forth herein, in the
Plan and on the cover sheet (the
“Restricted Stock Units”).
	 
	 	 
	Transfer of Unvested Restricted
Stock Units

	 	Unvested Restricted Stock Units may
not be sold, assigned, transferred,
pledged, hypothecated or otherwise
encumbered, whether by operation of
law or otherwise, nor may the
Restricted Stock Units be made
subject to execution, attachment or
similar process. If you attempt to
do any of these things, the
Restricted Stock Unit will
immediately become forfeited.
	 
	 	 
	Vesting

	 	The Company will issue your
Restricted Stock Units in the name
set forth on the cover sheet. Your
Restricted Stock Units shall vest in
accordance with the vesting schedule
set forth on the cover sheet so long
as you continue in Service on the
vesting dates set forth on the cover
sheet.
	 
	 	 
	 

	 	Notwithstanding your vesting
schedule, the Restricted Stock Units
will become 100% vested upon your
termination of Service due to your
death or Disability if you have
provided Services to the company for
at least one (1) year at the time
your Service terminates.
	 
	 	 
	Delivery

	 	As your Restricted Stock Units vest,
the Company will issue the shares of
Stock to which the then vested
Restricted Stock Units relate.
Notwithstanding the preceding
sentence, if the shares of Stock
would otherwise be delivered to you
during a period in which you are: (i) subject to a lock-up agreement
restricting your ability to sell
shares of Stock in the open market
or (ii) restricted from selling
shares of Stock in the open market
because you are not then eligible to
sell under the Company’s insider
trading or similar plan as then in
effect (whether because a trading
window is not open or you are
otherwise restricted from trading),
delivery of the shares of Stock will
be delayed until the first date on
which you are no longer prohibited
from selling shares of Stock due to
a lock-up agreement or insider
trading or similar plan restriction,
but in any event no later than March
15 of the calendar year following
the calendar year in which the
shares of Stock otherwise would have
been delivered.
	 
	 	 
	Evidence of Issuance

	 	The issuance of the Stock under the
grant of Restricted Stock Units
evidenced by this Agreement shall be
evidenced in such a manner as the
Company, in its discretion, will
deem appropriate, including,

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	 	without limitation, book-entry, registration
or issuance of one or more Stock
certificates. You will have no
further rights with regard to a
Restricted Stock Unit once the share
of Stock related to such Restricted
Stock Unit has been issued.

	 
	 	 
	Forfeiture of Unvested Restricted
Stock Units

	 	
Unless the termination of your
Service triggers accelerated vesting
of your Restricted Stock Units
pursuant to the terms of this
Agreement, the Plan, or any other
written agreement between the
Company (or any Affiliate) and you,
you will automatically forfeit to
the Company all of the unvested
Restricted Stock Units in the event
your Service terminates for any
reason.
	 
	 	 
	Forfeiture of Rights

	 	If you should take actions in
violation or breach of or in
conflict with any non-competition
agreement, any agreement prohibiting
solicitation of employees or clients
of the Company or any Affiliate
thereof or any confidentiality
obligation with respect to the
Company or any Affiliate thereof or
otherwise in competition with the
Company or any Affiliate thereof,
the Company has the right to cause
an immediate forfeiture of your
rights to this Restricted Stock Unit
and the Restricted Stock Unit shall
immediately expire.
	 
	 	 
	 

	 	In addition, if you have received
Shares in connection with Restricted
Stock Units during the two year
period prior to your actions, you
will owe the Company a cash payment
(or forfeiture of shares) in an
amount determined as follows: (1)
for any Shares that you have sold
prior to receiving notice from the
Company, the amount will be the
proceeds received from the sale(s),
and (2) for any Shares that you
still own, the amount will be the
number of Shares owned times the
Fair Market Value of the Shares on
the date you receive notice from the
Company (provided, that the Company
may require you to satisfy your
payment obligations hereunder either
by forfeiting and returning to the
Company the shares or any other
shares or making a cash payment or a
combination of these methods as
determined by the Company in its
sole discretion).
	 
	 	 
	Leaves of Absence

	 	For purposes of this Agreement, your
Service does not terminate when you
go on a bona fide employee leave of
absence that was approved by the
Company in writing if the terms of
the leave provide for continued
Service crediting, or when continued
Service crediting is required by
applicable law. Your Service
terminates in any event when the
approved leave ends unless you
immediately return to active
employee work.
	 
	 	 
	 

	 	The Company determines, in its sole
discretion, which leaves count for
this purpose, and when your Service
terminates for all purposes under
the Plan.

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	Withholding Taxes

	 	You agree as a condition of this
grant that you will make acceptable
arrangements to pay any withholding
or other taxes that may be due as a
result of the vesting or receipt of
the Restricted Stock Units or the
Stock. In the event that the
Company determines that any federal,
state, local or foreign tax or
withholding payment is required
relating to the vesting of the
Restricted Stock Unit or receipt of
Stock arising from this grant, the
Company shall have the right to
require such payments from you, or
withhold such amounts from other
payments due to you from the Company
or any Affiliate (including
withholding the delivery of vested
shares of Stock otherwise
deliverable under this Agreement).
	 
	 	 
	Retention Rights

	 	This Agreement and the grant
evidenced hereby do not give you the
right to be retained by the Company
(or any Affiliate) in any capacity.
Unless otherwise specified in an
employment or other written
agreement between the Company (or
any Affiliate) and you, the Company
(and any Affiliate) reserve the
right to terminate your Service at
any time and for any reason.
	 
	 	 
	Stockholder Rights

	 	You, or your estate or heirs, do not
have any of the rights of a
shareholder with respect to any
unvested Restricted Stock Unit.
	 
	 	 
	 

	 	You will, however, be entitled to
receive, upon the Company’s payment
of a cash dividend on outstanding
shares of Stock, an amount of cash,
or Restricted Stock Units (as
determined by the Company from time
to time) equal to the per-share
dividend paid on the shares of
Restricted Stock Units that you hold
as of the record date for such
dividend, which shall be subject to
the same vesting, forfeiture and
other conditions as the associated
Restricted Stock Units. No
adjustments are made for dividends
or other rights if the applicable
record date occurs before your
certificate is issued (or an
appropriate book entry is made),
except as described in the Plan.
	 
	 	 
	 

	 	Your grant shall be subject to the
terms of any applicable agreement of
merger, liquidation or
reorganization in the event the
Company is subject to such corporate
activity.
	 
	 	 
	Applicable Law

	 	This Agreement will be interpreted
and enforced under the laws of the
State of Delaware, other than any
conflicts or choice of law rule or
principle that might otherwise refer
construction or interpretation of
this Agreement to the substantive
law of another jurisdiction.
	 
	 	 
	The Plan

	 	The text of the Plan is incorporated
in this Agreement by reference.
Certain capitalized terms used in
this Agreement are defined in the
Plan, and have the meaning set forth
in the Plan.
	 
	 	 
	 

	 	This Agreement, the associated cover
sheet, and the Plan constitute the
entire understanding between you and
the Company regarding this

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	 	grant. Any prior agreements, commitments or
negotiations concerning this grant
are superseded; except that any
written employment, confidentiality,
non-competition and/or severance
agreement between you and the
Company (or any Affiliate) shall
supersede this Agreement with
respect to its subject matter.
	 
	 	 
	Data Privacy

	 	In order to administer the Plan, the
Company may process personal data
about you. Such data includes, but
is not limited to, information
provided in this Agreement or the
cover sheet hereto and any changes
thereto, other appropriate personal
and financial data about you such as
your contact information, payroll
information and any other
information that might be deemed
appropriate by the Company to
facilitate the administration of the
Plan.
	 
	 	 
	 

	 	By accepting this grant, you give
explicit consent to the Company to
process any such personal data.

By signing the cover sheet of this Agreement, you agree to all of the terms and conditions
described above and in the Plan.

5exv10w81

 

Exhibit 10.81

	 	 	 
	 
	 
	 	 
	 

	 	CapitalSource Inc.
	 

	 	ID: 35-2206895
	NOTICE OF GRANT OF STOCK OPTIONS

	 	4445 Willard Avenue
	 

	 	Twelfth Floor
	 

	 	Chevy Chase, MD 20815
	 
	 	 
	 
	 
	 	 
	[Name]

	 	Option Number:
	[Address]

	 	Plan:
	 	 	ID:

	 
	 	 
	 
	 
	 	 

Effective [DATE], you have been granted a(n) Non-Qualified Stock Option to by [NUMBER] shares of
CapitalSource Inc. (the Company) stock at [NUMBER] per share.

The total option price will become fully vested on the date shown

	 	 	 	 	 	 	 
	Shares	 	Vest Type	 	Full Vest	 	Expiration
	 
	 	 	 	 	 	 

	 	 	 
	 
	 
	 	 
	By your signature and the Company’s signature below, you and the Company agree that these options
are granted under and governed by the terms and conditions of the Company’s Third Amended and
Restated Equity Incentive Plan and the Option Agreement, all of which are available on the
company’s intranet.
	 
	 	 
	 

	 	 	 	 	 
	 
	 

	 	 	 	 
	CapitalSource Inc.

	 	 	 	Date
	 
	 
	 	 	 	 
	 

	 	 	 	 
	 

	 	 	 	Date

1

 

CAPITALSOURCE INC.

THIRD AMENDED AND RESTATED EQUITY INCENTIVE PLAN

NON-QUALIFIED OPTION AGREEMENT

	 	 	 
	Non-qualified Option

	 	This Agreement evidences an award
of a Stock Option exercisable for
that number of shares of Stock set
forth on your Notice of Grant of
Stock Options to which this
Agreement is attached (“Grant
Notice”) and subject to the
vesting and other conditions set
forth herein, in the Plan and on
the Grant Notice. This option is
not intended to be an incentive
option under Section 422 of the
Internal Revenue Code and will be
interpreted accordingly.
	 
	 	 
	Transfer of Stock Option

	 	During your lifetime, only you
(or, in the event of your legal
incapacity or incompetency, your
guardian or legal representative)
may exercise the Stock Option.
The Stock Option may not be sold,
assigned, transferred, pledged,
hypothecated or otherwise
encumbered, whether by operation
of law or otherwise, nor may the
Stock Option be made subject to
execution, attachment or similar
process.
	 
	 	 
	 

	 	If you attempt to do any of these
things, this Stock Option will
immediately become forfeited.
	 
	 	 
	 

	 	Notwithstanding these restrictions
on transfer, the Board or the
Committee may authorize, in its
sole discretion, the transfer of a
vested Stock Option (in whole or
in part) to a member of your
immediate family or a trust for
the benefit of your immediate
family.
	 
	 	 
	Vesting

	 	Your Stock Option shall vest in
accordance with the vesting
schedule shown in the Grant Notice
so long as you continue in Service
on the vesting dates set forth on
the Grant Notice and is
exercisable only as to its vested
portion. The Stock Option may be
exercised, in whole or in part, to
purchase a whole number of vested
shares of Stock of not less than
100 shares, unless the number of
vested shares purchased is the
total number available for
purchase under the option, by
following the procedures set forth
in the Plan and in this Agreement.
	 
	 	 
	 

	 	Notwithstanding your vesting
schedule, the Stock Option will
become 100% vested upon your
termination of Service due to your
death or Disability if you have
provided Services by the Company
for at least one (1) year at the
time your Service terminates.
	 
	 	 
	Forfeiture of Unvested Stock Options /
Term

	 	Unless the termination of your
Service triggers accelerated
vesting of your Stock Option
pursuant to the terms of this
Agreement, the Plan, or any other
written agreement between the
Company (or any Affiliate) and
you, you will automatically
forfeit to the Company those
portions

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	 	of the Stock Option that
have not yet vested in the event
your Service terminates for any
reason.
	 
	 	 
	Expiration of Vested Options After
Service Terminates

	 	If your Service terminates for any
reason, other than death,
Disability or Cause, then the
vested portion of your Stock
Option will expire at the close of
business at Company headquarters
on the 90th day after your
termination date.
	 
	 	 
	 

	 	If your Service terminates because
of your death or Disability, or if
you die during the 90-day period
after your termination for any
reason (other than
Cause) , then the vested
portion of your Stock Option will
expire at the close of business at
Company headquarters on the date
twelve (12) months after the date
of your death or termination for
Disability. During that twelve
(12) month period, your estate or
heirs may exercise the vested
portion of your Stock Option.
	 
	 	 
	 

	 	If your Service is terminated for
Cause, then you shall immediately
forfeit all rights to your entire
Stock Option and the Stock Option
shall immediately expire.
	 
	 	 
	 

	 	In all events, your Stock Option
will expire on the Expiration Date
shown on the Grant Notice. Your
Stock Option will expire earlier
if your Service terminates, as
described herein.
	 
	 	 
	Forfeiture of Rights

	 	If you should take actions in
violation or breach of or in
conflict with any non-competition
agreement, any agreement
prohibiting solicitation of
employees or clients of the
Company or any Affiliate thereof
or any confidentiality obligation
with respect to the Company or any
Affiliate thereof or otherwise in
competition with the Company or
any Affiliate thereof, the Company
has the right to cause an
immediate forfeiture of your
rights to this Stock Option and
the Stock Option shall immediately
expire.
	 
	 	 
	 

	 	In addition, if you have exercised
any options during the two year
period prior to your actions, you
will owe the Company a cash
payment (or forfeiture of shares)
in an amount determined as
follows: (1) for any Shares that
you have sold prior to receiving
notice from the Company, the
amount will be the proceeds
received from the sale(s), less
the option exercise price, and (2)
for any Shares that you still own,
the amount will be the number of
Shares owned times the Fair Market
Value of the Shares on the date
you receive notice from the
Company, less the option exercise
price (provided, that the Company
may require you to satisfy your
payment obligations hereunder
either by forfeiting and returning
to the Company the shares or any
other shares or making a cash
payment or a combination of these
methods as determined by the
Company in its sole discretion).

3

 

	 	 	 
	Leaves of Absence

	 	For purposes of this
Agreement, your Service does not
terminate when you go on a bona
fide employee leave of absence
that was approved by the Company
in writing if the terms of the
leave provide for continued
Service crediting, or when
continued Service crediting is
required by applicable law. Your
Service terminates in any event
when the approved leave ends
unless you immediately return to
active employee work.
	 
	 	 
	 

	 	The Company determines, in
its sole discretion, which leaves
count for this purpose, and when
your Service terminates for all
purposes under the Plan.
	 
	 	 
	Notice of Exercise

	 	When you wish to exercise this
Stock Option, you must exercise in
a manner required or permitted by
the Company.
	 
	 	 
	 

	 	If someone else wants to exercise
this Stock Option after your
death, that person must prove to
the Company’s satisfaction that he
or she is entitled to do so.
	 
	 	 
	Form of Payment

	 	When you exercise your Stock
Option, you must include payment
of the option price indicated on
the Grant Notice for the shares
you are purchasing. Payment may be
made in one (or a combination) of
the following forms:
	 
	 	 
	 

	 	    •     Cash, your personal check,
a cashier’s check, a money order
or another cash equivalent
acceptable to the Company.

	 
	 	 
	 

	 	    •     Shares of Stock which have
already been owned by you for more
than six months and which are
surrendered to the Company. The
Fair Market Value of the shares as
of the effective date of the
option exercise will be applied to
the option price.

	 
	 	 
	 

	 	    •    To the extent a public
market exists for the shares of
Stock as determined by the
Company, delivery (in a form
prescribed or accepted by the
Company) of an irrevocable
direction to a licensed securities
broker acceptable to the Company
to sell shares and to deliver all
or part of the sale proceeds to
the Company in payment of the
aggregate option price and any
withholding taxes.

	 
	 	 
	Evidence of Issuance

	 	The issuance of the shares upon
exercise of this Stock Option
shall be evidenced in such a
manner as the Company, in its
discretion, will deem appropriate,
including, without limitation,
book-entry, registration or
issuance of one or more share
certificates.

4

 

	 	 	 
	Withholding Taxes

	 	You agree as a condition of this
grant that you will make
acceptable arrangements to pay any
withholding or other taxes that
may be due as a result of the
Stock Option exercise or sale of
Stock acquired under this Stock
Option. In the event that the
Company determines that any
federal, state, local or foreign
tax or withholding payment is
required relating to the exercise
of this Stock Option or sale of
Stock arising from this Stock
Option, the Company shall have the
right to require such payments
from you, or withhold such amounts
from other payments due to you
from the Company or any Affiliate
(including withholding the
delivery of vested shares of Stock
otherwise deliverable under this
Agreement).
	 
	 	 
	Retention Rights

	 	This Agreement and this Stock
Option do not give you the right
to be retained by the Company (or
any Affiliate) in any capacity.
Unless otherwise specified in an
employment or other written
agreement between the Company (or
any Affiliate) and you, the
Company (and any Affiliate)
reserve the right to terminate
your Service at any time and for
any reason.
	 
	 	 
	Stockholder Rights

	 	You, or your estate or heirs, have
no rights as a shareholder of the
Company until the Stock has been
issued upon exercise of your Stock
Option and either a certificate
evidencing your Stock has been
issued or an appropriate entry has
been made on the Company’s books.
No adjustments are made for
dividends, distributions or other
rights if the applicable record
date occurs before your
certificate is issued (or an
appropriate book entry is made),
except as described in the Plan.
	 
	 	 
	 

	 	Your Stock Option shall be subject
to the terms of any applicable
agreement of merger, liquidation
or reorganization in the event the
Company is subject to such
corporate activity.
	 
	 	 
	Applicable Law

	 	This Agreement will be interpreted
and enforced under the laws of the
State of Delaware, other than any
conflicts or choice of law rule or
principle that might otherwise
refer construction or
interpretation of this Agreement
to the substantive law of another
jurisdiction.
	 
	 	 
	The Plan

	 	The text of the Plan is
incorporated in this Agreement by
reference. Certain capitalized
terms used in this Agreement are
defined in the Plan, and have the
meaning set forth in the Plan.
	 
	 	 
	 

	 	This Agreement, the associated
Grant Notice and the Plan
constitute the entire
understanding between you and the
Company regarding this Stock
Option. Any prior agreements,
commitments or negotiations
concerning this grant are
superseded; except that any
written employment,
confidentiality, non-competition
and/or severance agreement between
you and the Company (or any
Affiliate) shall

5

 

	 	 	 
	 

	 	supersede this
Agreement with respect to its
subject matter.
	 
	 	 
	Data Privacy

	 	In order to administer the
Plan, the Company may process
personal data about you. Such
data includes, but is not limited
to, information provided in this
Agreement or the Grant Notice and
any changes thereto, other
appropriate personal and financial
data about you such as your
contact information, payroll
information and any other
information that might be deemed
appropriate by the Company to
facilitate the administration of
the Plan.
	 
	 	 
	 

	 	By accepting this grant, you
give explicit consent to the
Company to process any such
personal data.

By signing the Grant Notice, you agree to all of the terms and conditions described above and in
the Plan.

6

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