Document:

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                                                                   EXHIBIT 10.51

                       FIDELITY NATIONAL TITLE GROUP, INC.
                           2005 OMNIBUS INCENTIVE PLAN

                        NOTICE OF RESTRICTED STOCK GRANT

         You (the "Grantee") have been granted the following award of restricted
Class A Common Stock of Fidelity National Title Group, Inc. (the "Company"), par
value $0.0001 per share (the "Shares"), pursuant to the Fidelity National Title
Group, Inc. 2005 Omnibus Incentive Plan (the "Plan"):

Name of Grantee:
--------------------------------------------------------------------------------
Number of Shares of Restricted Stock
Granted:
--------------------------------------------------------------------------------
Effective Date of Grant:
--------------------------------------------------------------------------------
Period of Restriction:                      Subject to the terms of the Plan and
                                            the Restricted Stock Award Agreement
                                            attached hereto, the Period of
                                            Restriction shall lapse, and the
                                            Shares shall vest and become free of
                                            the forfeiture and transfer
                                            restrictions contained in the
                                            Restricted Stock Award Agreement,
                                            [insert vesting schedule]
--------------------------------------------------------------------------------

By your signature and the signature of the Company's representative below, you
and the Company agree and acknowledge that the Restricted Stock award evidenced
hereby is granted under and governed by the terms and conditions of the Plan and
the Restricted Stock Award Agreement, which are incorporated herein by
reference, and that you have been provided a copy of the Plan and the Restricted
Stock Award Agreement.

GRANTEE:                                   FIDELITY NATIONAL TITLE GROUP, INC.:

                                           By:
----------------------------------            ----------------------------------
Date:                                      Title:
     -----------------------------               -------------------------------
Address:                                   Date:
        --------------------------              --------------------------------

        --------------------------

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                       FIDELITY NATIONAL TITLE GROUP, INC.
                           2005 OMNIBUS INCENTIVE PLAN

                        RESTRICTED STOCK AWARD AGREEMENT

SECTION 1. GRANT OF RESTRICTED STOCK

         (a)    RESTRICTED STOCK. On the terms and conditions set forth in the
Notice of Restricted Stock Grant and this Restricted Stock Award Agreement (the
"Agreement"), the Company grants to the Grantee on the Effective Date of Grant
the Restricted Stock set forth in the Notice of Restricted Stock Grant.

         (b)    PLAN AND DEFINED TERMS. The Restricted Stock is granted pursuant
to the Plan. All terms, provisions, and conditions applicable to the Restricted
Stock set forth in the Plan and not set forth herein are hereby incorporated by
reference herein. To the extent any provision hereof is inconsistent with a
provision of the Plan, the provisions of the Plan will govern. All capitalized
terms that are used in the Notice of Restricted Stock Grant or this Agreement
and not otherwise defined therein or herein shall have the meanings ascribed to
them in the Plan.

SECTION 2. FORFEITURE AND TRANSFER RESTRICTIONS

         (a)    FORFEITURE RESTRICTIONS. If the Grantee's employment or service
as a Director or Consultant, as the case may be, is terminated for any reason
other than (i) death, (ii) Disability (as defined below) or (iii) termination by
the Company and its Subsidiaries without Cause (as defined below), the Grantee
shall, for no consideration, forfeit to the Company the Shares of Restricted
Stock to the extent such Shares are subject to a Period of Restriction at the
time of such termination. If the Grantee's employment or service as a Director
or Consultant, as the case may be, terminates due to the Grantee's death or
Disability, or is terminated by the Company and its Subsidiaries without Cause,
while Shares of Restricted Stock are subject to a Period of Restriction, the
Period of Restriction with respect to such Shares shall lapse, and the Shares
shall vest and become free of the forfeiture and transfer restrictions described
in this Section 2, on the date of the Grantee's termination of employment or
service.

                (i) The term "Cause" shall have the meaning ascribed to such
term in the Grantee's employment agreement with the Company or any Parent or
Subsidiary. If the Grantee's employment agreement does not define the term
"Cause," or if the Grantee has not entered into an employment agreement with the
Company or any Parent or Subsidiary, the term "Cause" shall mean (A) the willful
engaging by the Grantee in misconduct that is demonstrably injurious to the
Company or any Parent or Subsidiary (monetarily or otherwise), as determined by
the Company in its sole discretion, (B) the Grantee's conviction of, or pleading
guilty or nolo contendere to, a felony involving moral turpitude, or (C) the
Grantee's violation of any confidentiality, non-solicitation, or non-competition
covenant to which the Grantee is subject.

                (ii) The term "Disability" shall have the meaning ascribed to
such term in the Grantee's employment agreement with the Company or any Parent
or Subsidiary. If the Grantee's employment agreement does not define the term
"Disability," or if the Grantee has not

                                      -2-
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entered into an employment agreement with the Company or any Parent or
Subsidiary, the term "Disability" shall mean the Grantee's entitlement to
long-term disability benefits pursuant to the long-term disability plan
maintained by the Company or in which the Company's employees participate.

         (b)    TRANSFER RESTRICTIONS. During the Period of Restriction, the
Restricted Stock may not be sold, assigned, pledged, exchanged, hypothecated or
otherwise transferred, encumbered or disposed of to the extent such Shares are
subject to a Period of Restriction.

         (c)    LAPSE OF RESTRICTIONS. The Period of Restriction shall lapse as
to the Restricted Stock in accordance with the Notice of Restricted Stock Grant.
Subject to the terms of the Plan and Section 4(a) hereof, upon lapse of the
Period of Restriction, the Grantee shall own the Shares that are subject to this
Agreement free of all restrictions otherwise imposed by this Agreement.

SECTION 3. STOCK CERTIFICATES

         As soon as practicable following the grant of Restricted Stock, the
Shares of Restricted Stock shall be registered in the Grantee's name in
certificate or book-entry form. If a certificate is issued, it shall bear an
appropriate legend referring to the restrictions and it shall be held by the
Company, or its agent, on behalf of the Grantee until the Period of Restriction
has lapsed. If the Shares are registered in book-entry form, the restrictions
shall be placed on the book-entry registration. The Grantee may be required to
execute and return to the Company a blank stock power for each Restricted Stock
certificate (or instruction letter, with respect to Shares registered in
book-entry form), which will permit transfer to the Company, without further
action, of all or any portion of the Restricted Stock that is forfeited in
accordance with this Agreement.

         Except for the transfer restrictions, and subject to such other
restrictions, if any, as determined by the Committee, the Participant shall have
all other rights of a holder of Shares, including the right to receive dividends
paid (whether in cash or property) with respect to the Restricted Stock and the
right to vote (or to execute proxies for voting) such Shares. Unless otherwise
determined by the Committee, if all or part of a dividend in respect of the
Restricted Stock is paid in Shares or any other security issued by the Company,
such Shares or other securities shall be held by the Company subject to the same
restrictions as the Restricted Stock in respect of which the dividend was paid.

SECTION 4. MISCELLANEOUS PROVISIONS

         (a)    TAX WITHHOLDING. Pursuant to Article 20 of the Plan, the
Committee shall have the power and right to deduct or withhold, or require the
Grantee to remit to the Company, an amount sufficient to satisfy any federal,
state and local taxes (including the Grantee's FICA obligations) required by law
to be withheld with respect to this Award. The Committee may condition the
delivery of Shares upon the Grantee's satisfaction of such withholding
obligations. The Grantee may elect to satisfy all or part of such withholding
requirement by tendering previously-owned Shares or by having the Company
withhold Shares having a Fair Market Value equal to the minimum statutory
withholding (based on minimum statutory withholding rates for federal, state and
local tax purposes, as applicable, including payroll taxes) that could be
imposed on the transaction, and, to the extent the Committee so permits, amounts
in excess of

                                      -3-
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the minimum statutory withholding to the extent it would not result in
additional accounting expense. Such election shall be irrevocable, made in
writing, signed by the Grantee, and shall be subject to any restrictions or
limitations that the Committee, in its sole discretion, deems appropriate.

         (b) RATIFICATION OF ACTIONS. By accepting this Agreement, the Grantee
and each person claiming under or through the Grantee shall be conclusively
deemed to have indicated the Grantee's acceptance and ratification of, and
consent to, any action taken under the Plan or this Agreement and Notice of
Restricted Stock Grant by the Company, the Board or the Committee.

         (c) NOTICE. Any notice required by the terms of this Agreement shall be
given in writing and shall be deemed effective upon personal delivery or upon
deposit with the United States Postal Service, by registered or certified mail,
with postage and fees prepaid. Notice shall be addressed to the Company at its
principal executive office and to the Grantee at the address that he or she most
recently provided in writing to the Company.

         (d) CHOICE OF LAW. This Agreement and the Notice of Restricted Stock
Grant shall be governed by, and construed in accordance with, the laws of
Florida, without regard to any conflicts of law or choice of law rule or
principle that might otherwise cause the Agreement or Notice of Restricted Stock
Grant to be governed by or construed in accordance with the substantive law of
another jurisdiction.

         (e) COUNTERPARTS. This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

         (f) MODIFICATION OR AMENDMENT. This Agreement may only be modified or
amended by written agreement executed by the parties hereto; provided, however,
that the adjustments permitted pursuant to Section 4.3 of the Plan may be made
without such written agreement.

         (g) SEVERABILITY. In the event any provision of this Agreement shall be
held illegal or invalid for any reason, the illegality or invalidity shall not
affect the remaining provisions of this Agreement, and this Agreement shall be
construed and enforced as if such illegal or invalid provision had not been
included.

         (h) REFERENCES TO PLAN. All references to the Plan shall be deemed
references to the Plan as may be amended from time to time.

                                      -4-Letter Agreement

 

	 	 	 
	

	 	2100 W. Cypress Creek Road

Fort Lauderdale, FL 33309

Phone 954-940-4900

Fax 954-940-4910

September 13, 2005

Mr. Glen R. Gilbert

Executive Vice President

BFC Financial Corporation

2100 West. Cypress Creek Road

Fort Lauderdale, FL 33309

     Re: Retirement Benefit

Dear Glen:

     This letter will confirm the retirement benefit that BFC Financial Corporation (“BFC”) will
provide to you.

     BFC will pay you a monthly retirement benefit (regardless of your actual retirement date)
beginning January 1, 2010 of five thousand, six hundred, seventy-one dollars and sixty-nine cents
($5,671.69). Monthly payments will continue on the first day of each month during your life or, if
you die before receiving 120 monthly payments, your beneficiary will receive the same monthly
amount so that at least 120 monthly payments will be made to you and your beneficiary. In
addition, before payments begin, you may elect to receive this benefit in any of the optional forms
of payment described on Exhibit A attached to this letter.

     BFC’s obligation is unfunded, meaning that BFC is not required to set aside or otherwise
identify specific assets to be used to make the retirement payments. BFC’s obligation to make
retirement payments does not constitute your right to continue employment until any specific date.
Payments will not be made, or will stop if they have started, without any further obligation on
BFC’s part, if you are convicted of a criminal act arising out of or relating to your employment
with BFC. BFC may withhold all or a portion of any retirement benefit payment or from any other
amount due you to satisfy any amount you owe to BFC. Monthly benefit payments will be reduced by
applicable employment taxes and income tax withholding and annual payments will be reported to the
Internal Revenue Service. The present value of the retirement benefit payments, which is $482,444,
will be considered taxable wages paid to you on the date of this letter for purposes of the FICA
and Medicare tax provisions. In order to satisfy your liability for your portion of the tax due,
which is $6,995.44, upon acceptance of the terms of this letter, you will be required to deliver a
check payable to BFC for that amount.

 

 

Mr. Glen R. Gilbert

September 13, 2005

Page 2

     Any claim relating to your retirement benefit will be made and reviewed in accordance with the
claims procedures described in Exhibit B attached to this letter. BFC is administrator of this
arrangement, as defined in the Employee Retirement Income Security Act of 1974, and has the
authority to interpret and construe the terms of this arrangement.

     BFC may terminate this arrangement and make a lump sum payment to you or your beneficiary, as
appropriate, within 12 months of a “change in control event” of BFC, as that term is defined in
Internal Revenue Service Notice 2005-1 or later guidance interpreting Internal Revenue Code Section
409A. For this purpose, the lump sum will be determined using the actuarial equivalence factors
listed in Section 417(e) of the Internal Revenue Code, or applicable successor provision.

     This arrangement will be governed by Florida law, to the extent not pre-empted by federal law.

     Please indicate your acceptance of the terms of this letter and the retirement arrangement it
represents by signing and returning a copy of this letter to me. Glen, we very much appreciate
your many years of service and your efforts on behalf of BFC.

	 	 	 	 	 
	 	Sincerely,

 	 
	 	 	 
	 	Alan B. Levan 	 
	 	President 	 
	 

     I acknowledge receipt and agree to the terms of this letter, including my obligation to pay my
portion of FICA and Medicare tax due with respect to this arrangement, which is $6,995.44.

	 	 	 	 	 
	 	 	 
	 	                                                     /s/ Glen R. Gilbert
 	 
	 	Glen R. Gilbert 	 
	 	 	 
	 
	 	 	 
	 	9/13/05 	 
	 	Date 	 
	 	 	 

 

 

	 	 	 	 	 

EXHIBIT A

OPTIONAL FORMS OF PAYMENT

	 	 	The optional forms of payment of the monthly retirement benefit are:
	 
	1.	 	Monthly benefit of $6,138.24 to Glen Gilbert during his life; or
	 
	2.	 	Monthly benefit of $5,448.79 to Glen Gilbert during his life and $2,724.40 payable monthly after
his death to Diane Cenia Gilbert for her life if she survives Glen Gilbert (or if Glen Gilbert were
to designate an alternate beneficiary other than Diane Cenia Gilbert, a monthly benefit as a 50%
joint & survivor annuity that is the actuarial equivalent of a benefit of $5,671.69 per month
payable as a life annuity to Glen Gilbert with 120 payments guaranteed, with equivalence determined
using the 1951 Group Annuity Mortality table, projected by Scale C to 1965, set back 2 years for
the recipient and set back 3 years for the beneficiary, at 6.5% interest).

 

 

EXHIBIT B

CLAIMS PROCEDURE FOR GLEN GILBERT RETIREMENT ARRANGEMENT

	1.	 	Claim for Benefits – Mr. Gilbert or his beneficiary will make any claim for benefits
under this arrangement to the Administrator. If the Administrator wholly or partially denies the
claim, the Administrator will appropriately notify Mr. Gilbert or his beneficiary within 30 days.
The notice of denial will be written in a manner calculated to be understood by the recipient and
will contain (a) the specific reason or reasons for denial of the claim, (b) a specific reference
to the provision(s) of the arrangement upon which the denial is based, (c) a description of any
additional material or information necessary to perfect the claim together with an explanation of
why such material or information is necessary and (d) an explanation of the claims review
procedure.
	 
	2.	 	Review of Claim — Within 60 days after receipt of notice of denial of a claim (or at
such later time as may be reasonable in view of the nature of the benefit subject to claim and
other circumstances), Mr. Gilbert or his beneficiary may (a) file a request with the Administrator
that it conduct a full and fair review of the denial of the claim, (b) review pertinent documents
and (c) submit questions and comments to the Administrator in writing.
	 
	3.	 	Decision After Review – Within 30 days after the receipt of a request for review, the
Administrator will deliver to Mr. Gilbert or his beneficiary a written decision with respect to the
claim. The decision will be written in a manner calculated to be understood by Mr. Gilbert or his
beneficiary and will (a) include the specific reason or reasons for the decision and (b) contain a
specific reference to the pertinent provision of the arrangement upon which the decision is based.
	 
	4.	 	Action to Enforce Rights – If the Administrator denies, in whole or in part, the claim
of Mr. Gilbert or his beneficiary, and the claimant still believes that he or she is entitled to
the denied benefit, he or she may pursue all legal remedies available, including filing a lawsuit
in state or federal court. However, the claimant must complete the claims and review procedure
described above before taking such action to enforce his or her claim.

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