Document:

EX-10.2

 Exhibit 10.2 

CEDAR FAIR, L.P. 2016 OMNIBUS INCENTIVE PLAN 

RESTRICTED UNIT AWARD DECLARATION 

This Restricted Unit Award Declaration (“Declaration”) is made pursuant to the terms and conditions of the Cedar Fair, L.P.
2016 Omnibus Incentive Plan (the “Plan”), including (without limitation) Article VIII, the provisions of which are incorporated into this Declaration by reference. Capitalized terms used herein shall have the meanings ascribed to
them in the Plan, unless indicated otherwise. 
 1.    Restricted Unit Award In
General. Participant’s Restricted Unit Award (the “Award”) is outlined in the attached Notice of Restricted Unit Award of Cedar Fair, L.P. (the “Notice”) and is subject to
Participant’s continuous employment by the Company or an Affiliate throughout the Restricted Period(s) that commence on the Grant/Award Date and end on the Vesting Date(s) specified under the heading “Vesting Schedule” in the Notice
(individually, a “Restricted Period” and, collectively, the “Restricted Periods”). Distribution Equivalents on the Restricted Units shall be accumulated until the lapse of the Restricted Period, if and to the extent
the Company makes distributions on its Units during the Restricted Period, and shall be paid pursuant to the provisions of Section 3 hereof in the same form as accrued. During the Restricted Period, the Participant shall have the right to vote
such Restricted Units, but the Participant shall not have the right to receive any payments or distributions with respect to such Restricted Units, and the Participant may not sell, transfer, pledge, or assign such Restricted Units.  
 2.    Forfeiture. The Restricted
Units shall be automatically forfeited if the Participant ceases to be employed by the Company or an Affiliate at any time during the Restricted Period, except as provided in Sections 3 and 5 of this Declaration. 

3.    Lapse of Restriction. The employment restriction on the Restricted Units shall
lapse upon the Participant’s completion of continuous employment throughout the Restricted Period, and the Restricted Units shall thereupon become unrestricted Units. All Distribution Equivalents on the Restricted Units accumulated during the
Restricted Period shall be paid in a lump sum promptly upon the lapse of the Restricted Period (but in any case no later than two and one-half (2-1/2) months after the
end of the Participant’s employing entity’s fiscal year that coincides with or immediately follows the end of the Restricted Period). 

If a Participant dies or incurs a Disability during employment and prior to the end of the Restricted Period that results in a Separation from
Service, the employment restriction on the Restricted Units shall lapse, the Restricted Units shall thereupon become unrestricted Units, and all Distribution Equivalents accumulated through the date the restrictions lapse shall be paid in a lump sum
to the Participant (or the Participant’s estate) within ninety (90) days of the Participant’s death or Disability; provided that if the ninety- (90-) day period begins in one
calendar year and ends in another, neither the Participant nor any beneficiary of a Participant shall have the right to designate the calendar year of payment. 

If a Participant incurs a Separation from Service due to Retirement prior to the expiration of the Restricted Period, the employment
restriction on the Restricted Units shall lapse, the Restricted Units shall thereupon become unrestricted Units, and all Distribution Equivalents accumulated through the date the restrictions lapse shall be paid in a lump sum to the Participant
within ninety (90) days of the date of the Participant’s Separation from Service due to Retirement; provided that any payment to a Specified Employee upon a Retirement (which is a Separation from Service) that is
“nonqualified deferred compensation” within the meaning of Section 409A shall not be paid until the thirty- (30-) day period commencing with the first day of the seventh month following the
month of the Specified Employee’s Separation from Service (provided that if such thirty- (30-) day period begins in one calendar year and ends in another, the Specified Employee shall not have the right
to designate the calendar year of payment). 
 Except in the case of death, Disability, and Retirement, and as permitted by
Section 409A and the Plan (including Section 13.1(b) of the Plan), no payment shall be accelerated. 

4.    Tax Matters and Withholding. To the extent permitted by applicable securities laws, the Company, the
Participant’s employer or their 
agent(s) shall withhold all required local, state, federal, and other taxes and any other amount required to be withheld by any governmental authority or law from the Units issued pursuant to the Award,

 
and Units issued hereunder shall be retained by, surrendered back to or reacquired by the Company or an Affiliate as necessary in order to accomplish the foregoing, with the number of
unrestricted Units to be delivered after the expiration of the Restricted Period being reduced accordingly. The number of Units to be withheld shall have a Fair Market Value equal to the amount required to be withheld as of the date that the amount
is withheld. The Participant will execute such other documentation as may be necessary or appropriate to accomplish the foregoing. Prior to such withholding, in accordance with procedures established by or agreement of the Committee or the
Participant’s employer, the Participant may arrange to pay all applicable withholdings in cash on the due date of such withholdings. To the extent applicable law does not permit the withholding of Units, the Participant shall pay all applicable
withholdings in cash on the due date of such withholdings. 
 5.    Priority of Agreements. In the event
of a Change in Control (as such term is defined in the Plan), the terms of Section 13 of the Plan shall govern and control over any conflicting term of this Declaration. If Participant is party to an employment agreement with Cedar Fair, the
change in control provisions of Section 4.2 of Participant’s employment agreement shall not apply to this Award and shall be superseded by this Declaration and Section 13.1(b) of the Plan. If Participant is party to an employment
agreement with Cedar Fair, Section 6.1(f) of Participant’s employment agreement shall apply to this Award and shall govern and control over any conflicting term of this Declaration. Accordingly, if participant is entitled to payments under
Section 6.1(f) of such employment agreement, then, subject to the release provisions of such employment agreement, Participant shall become fully vested in any portion of this Award that is scheduled to vest within the eighteen- (18-) month period following Participant’s date of termination, Participant shall receive payments on each payment date as provided in this Declaration as if the Participant were employed by the Company on the
relevant payment date and all such portions of this Award shall be paid or vest pursuant to the terms of this Declaration, but without regard to any continuing employment requirements or proration. Portions of this Award that are scheduled to vest
(in whole or in part) after the eighteen- (18-) month period following Executive’s date of termination as described above under Section 6.1(f) of the employment agreement, shall vest and be paid only
in accordance with the terms of this Award and the terms of the Plan. 
 ******** 

(The balance of this page was intentionally left blank) 

 IN WITNESS WHEREOF, Magnum Management Corporation, a subsidiary of Cedar Fair, L.P., has
caused this Declaration to be executed by its duly authorized officer as approved by the Committee and the Participant has executed this Declaration as of the day and year indicated. 

 

			
	MAGNUM MANAGEMENT CORPORATION
	
	  

	By:	 	
	Title:	 	
	Date:	 	

 [In consideration for the Participant’s Restricted Unit Award for the [____ – ____] Restricted
Periods described herein, Participant accepts the modifications made in this Declaration with respect to the treatment of this Award under Participant’s employment agreement with Cedar Fair.] 

 

			
	PARTICIPANT
	
	  

	Name:	 	
	Title:	 	
	Date:	 	

 A copy of the Cedar Fair, L.P. 2016 Omnibus Incentive Plan Information Statement is available for review on the Cedar
Fair Intranet link at http://cfnet/ under “Document Share”, and a copy of the most current Form 10-K is available for review
at https://ir.cedarfair.com/overview/default.aspx#annual-reports. 

 Notice of Restricted Unit Award of Cedar Fair, L.P. 

Company Name 
 Plan 

Participant Id 
 Participant Name 

Participant Address 
 Grant/Award Type 

Share Amount 
 Grant/Award Date 

VESTING SCHEDULE 
  

					
			
	Vesting Date	  	No. of Shares	  	Percentisco-ex47_187.htm

Exhibit 4.7

 

DESCRIPTION OF THE REGISTRANT’S SECURITIES

REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES

EXCHANGE ACT OF 1934

International Stem Cell Corporation (“ISCO,” “we,” “our,” or “us”) has one class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended: our common stock.

DESCRIPTION OF CAPITAL STOCK

The following summary of the terms of our capital stock is based upon our Amended and Restated Certificate of Incorporation, as amended (the “Certificate of Incorporation”) and our Amended and Restated Bylaws, as amended (the “Bylaws”). The summary is not complete, and is qualified by reference to our Certificate of Incorporation and our Bylaws, which are filed as exhibits to our Annual Report on Form 10-K and are incorporated by reference herein. We encourage you to read our Certificate of Incorporation, our Bylaws and the applicable provisions of the Delaware General Corporation Law (the “DGCL”) for additional information.

Authorized Shares of Capital Stock

Our authorized capital stock consists of 120,000,000 (One Hundred Twenty Million) shares of common stock, $0.001 par value, and 20,000,000 (Twenty Million) shares of preferred stock, $0.001 par value, 5,000,000 of which is designated as Series B Convertible preferred stock (“Series B preferred stock”), 50 of which is designated as Series D Convertible preferred stock (“Series D preferred stock”), 5,000,000 of which is designated as Series G Convertible preferred stock (“Series G preferred stock”), 2,000 of which is designated as Series I-1 Convertible preferred stock (“Series I-1 preferred stock”) and 4,310 of which is designated as Series I-2 Convertible preferred stock (“Series I-2 preferred stock” and, together with the Series I-1 preferred stock, the “Series I preferred stock”).  

Our Board of Directors is authorized to establish one or more series of preferred stock and to set the powers, preferences and rights, as well as the qualifications, limitations or restrictions, of such series.  These rights of the series of preferred stock may include, without limitation, dividend rights, dividend rates, conversion rights, voting rights, rights and terms of redemption (including sinking fund provisions) and liquidation preferences.  

Listing

Our common stock is quoted on the OTCQB under the symbol “ISCO.”  Our preferred stock is not listed or quoted on any market.

Voting Rights

The holders of common stock are entitled to one vote per share on all matters voted on by the stockholders, including the election of directors. Except as otherwise provided by law, our Certificate of Incorporation or our Bylaws, matters will generally be decided by a majority of the shares present in person or represented by proxy at the meeting and entitled to vote on the matter. Our stockholders do not have the right to vote cumulatively. 

Rights upon Liquidation

Subject to any preferential rights of outstanding shares of preferred stock, upon any liquidation or dissolution of ISCO, holders of our common stock are entitled to share pro rata in all remaining assets legally available for distribution to stockholders.

Dividend Rights

Subject to any preferential dividend rights granted to the holders of any shares of our preferred stock that may at the time be outstanding, holders of our common stock are entitled to receive dividends as may be declared from time to time by our Board of Directors out of funds legally available therefor.

Other Rights and Preferences

 

Exhibit 4.7

 

Our common stock has no sinking fund, redemption provisions, or preemptive, conversion, or exchange rights. There are no restrictions on transfer of our common stock, except as required by law.

Board of Directors

Our Bylaws provide that, subject to the rights of any holders of any series of preferred stock authorized, the authorized number of directors shall be fixed from time to time by a resolution duly adopted by the Board of Directors. 

Our Bylaws provide that, subject to the rights of any holders of any series of preferred stock authorized, directors may be removed with or without cause by the affirmative vote of the holders of two-thirds of the shares entitled to vote at an election of directors. 

Our Bylaws provide that a vacancy on the Board of Directors resulting from an increase in the number of authorized directors or death, resignation, retirement, disqualification, removal or other causes shall be filled by a majority of the directors then in office. 

Certain Anti-Takeover Effects

Certain provisions of our Certificate of Incorporation and Bylaws may be deemed to have an anti-takeover effect.

Business Combinations. Section 203 of the DGCL restricts a wide range of transactions (“business combinations”) between a corporation and an interested stockholder. An “interested stockholder” is, generally, any person who beneficially owns, directly or indirectly, 15% or more of the corporation’s outstanding voting stock. Business combinations are broadly defined to include (i) mergers or consolidations with, (ii) sales or other dispositions of more than 10% of the corporation’s assets to, (iii) certain transactions resulting in the issuance or transfer of any stock of the corporation or any subsidiary to, (iv) certain transactions resulting in an increase in the proportionate share of stock of the corporation or any subsidiary owned by, or (v) receipt of the benefit (other than proportionately as a stockholder) of any loans, advances or other financial benefits by, an interested stockholder. Section 203 provides that an interested stockholder may not engage in a business combination with the corporation for a period of three years from the time of becoming an interested stockholder unless (a) the Board of Directors approved either the business combination or the transaction which resulted in the person becoming an interested stockholder prior to the time that person became an interested stockholder; (b) upon consummation of the transaction which resulted in the person becoming an interested stockholder, that person owned at least 85% of the corporation’s voting stock (excluding, for purposes of determining the voting stock outstanding (but not the outstanding voting stock owned by the interested stockholder) shares owned by persons who are directors and also officers and shares owned by certain employee stock plans); or (c) the business combination is approved by the Board of Directors and authorized by the affirmative vote of at least 66 2/3% of the outstanding voting stock not owned by the interested stockholder. The restrictions on business combinations with interested stockholders contained in Section 203 of the DGCL do not apply to a corporation whose certificate of incorporation or bylaws contains a provision expressly electing not to be governed by the statute. Our Certificate of Incorporation contains a provision electing to “opt-out” of Section 203.

Advance Notice and Proxy Access Provisions. Our Bylaws require timely advance notice for stockholders seeking to bring business before our annual meeting of stockholders or to nominate candidates for election as directors at our annual meeting of stockholders and specify certain requirements regarding the form and content of a stockholder’s notice. The chair of the annual meeting has the ability to determine and declare at the meeting that business was not properly brought before the meeting in accordance with the provisions of our Bylaws, and, if he or she should so determine, he or she shall so declare at the meeting that any such business not properly brought before the meeting shall not be transacted.  

These provisions might preclude our stockholders from bringing matters before our annual meeting of stockholders or from making nominations for directors at our annual meeting of stockholders if the proper procedures are not followed.

Special Meetings. Special meetings of stockholders may be called at any time by the Chair of the Board, the Chief Executive Officer, the President or two or more members of our Board of Directors. 

Stockholder Action by Written Consent without a Meeting. Our Bylaws provides that action may be taken by the stockholders by written consent and specify certain requirements regarding the form and content of a stockholder’s notice who desires to take such action.

 

Exhibit 4.7

 

Additional Authorized Shares of Capital Stock. The additional shares of authorized common stock and preferred stock available for issuance under our Certificate of Incorporation could be issued at such times, under such circumstances and with such terms and conditions as to impede a change in control.

Transfer Agent and Registrar

Securities Transfer Corporation is the transfer agent for our common stock.

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