Document:

Exhibit 10.33

EXHIBIT 10.33

TOLL BROTHERS, INC.

AMENDED AND RESTATED STOCK INCENTIVE PLAN FOR EMPLOYEES (2007)

RESTRICTED STOCK UNIT AWARD

This Restricted Stock Unit Agreement (the “RSU” or “RSU Agreement”) documents the grant of
Restricted Stock Units by Toll Brothers, Inc. (the “Company”) pursuant to the terms of the Toll
Brothers, Inc. Amended and Restated Stock Incentive Plan for Employees (2007) (the “Plan”). This
RSU consists of a grant of a right to receive a number of shares of Common Stock at the date
specified herein, or such greater or lesser number of shares as provided in Schedue A hereto. This
RSU relates to                      shares of Common Stock (the “Shares”), and is granted on this
 _____ 

day of
                    ,
 _____ 

(the “Date of Grant”) to                      (the “Grantee”), and is subject to all
applicable terms and conditions set forth in the Plan.

1. Definitions. All capitalized terms contained in this RSU Agreement shall have the
meaning set forth in the Plan unless otherwise defined herein or as may be required by the context.

2. Performance-Based Vesting. Grantee’s rights under this RSU shall, except to the
extent greater vesting is provided for under the terms of the Plan or as set forth in this RSU,
become fully vested and Grantee shall be entitled to receipt of the Shares represented by this RSU
only if the performance metrics, if any, described in Schedule A, attached hereto and made a part
hereof, are satisfied; and only on such continuing performance requirements and conditions as are
provided on Schedule A.

3. Vesting Upon Death or Disability. Notwithstanding any of the provisions in Section
2, Grantee’s rights under this RSU shall become fully vested and Grantee shall be entitled to
receipt of the Shares represented by this RSU in the event the Grantee’s service as an employee [or
as a member of the Board] of the Company terminates by reason of the Grantee’s death, or by reason
of the Grantee’s “disability” (as hereinafter defined).

For purposes of this RSU Agreement, the term “disability” shall mean any condition that would
qualify as a “disability” as that term is defined in the Plan, or any other condition that the
Committee determines to be a medically determinable physical or mental impairment which can be
expected (a) to prevent the Grantee from being able to perform his usual duties (or another job
deemed appropriate by the Committee taking into account the Grantee’s education, prior experience
and past earnings) and (b) to last for one year or longer.

4. Vesting Upon Change of Control. Notwithstanding any of the provisions of Section
2, Grantee’s rights under this RSU shall become fully vested and Grantee shall be entitled to
receipt of the Shares represented by this RSU in the event there is a Change of Control while
Grantee is employed by[, or a member of the Board of,] the Company.

5. Delivery of Shares. The Shares shall be delivered to Grantee (or the person to
whom ownership rights may have passed by will or the laws of descent and distribution), as follows:

(a) In the event Grantee’s rights under this RSU become vested under Section 2, the Shares
shall be delivered as described in Schedule A;

(b) In the event Grantee’s rights under this RSU become vested under Section 4, the Shares
shall be delivered upon the occurrence of a Change of Control; provided, however, that the event
that constitutes a Change of Control also constitutes a change in ownership or effective control of
the Company, or a change in the ownership of a substantial portion of the assets of the Company
that permits a payment of deferred compensation pursuant to Section 409A of the Internal Revenue
Code; or

 

 

 

(c) In the event Grantee’s rights under this RSU become vested under Section 3, the Shares
shall be delivered on the date of Grantee’s termination of employment with, [or as a member of the
Board of], the Company due to death or disability; provided, however, that delivery of the
Shares by reason of Grantee’s termination of employment shall be delayed until the six (6) month
anniversary of the date of Grantee’s termination of employment if and to the extent necessary to
comply with Code Section 409A(a)(B)(i), and the determination of whether or not there has been a
termination of Grantee’s employment with the Company shall be made by the Committee consistent with
the definition of “separation from service” (as that phrase is used for purposes of Code Section
409A, and as set forth in Treasury Regulation Section 1.409A-1(h)).

The Company shall, without payment from Grantee (or the person to whom ownership rights may have
passed by will or the laws of descent and distribution) for the Shares, other than any required
withholding taxes, as provided in Section 9, below, (i) deliver to Grantee (or such other person) a
certificate for the Shares being delivered or (ii) if consented to by Grantee (or such other
person), deliver electronically to an account designated by Grantee (or such other person) the
Shares being delivered, in either case without any legend or restrictions, except for such
restrictions as may be imposed by the Committee, in its sole judgment, consistent with the terms of
the Plan. The Company may condition delivery of the Shares upon the prior receipt from Grantee (or
such other person) of any undertakings which it may determine are required to assure that the
Shares being delivered are being issued in compliance with federal and state securities laws. The
right to any fractional Shares shall be satisfied in cash, measured by the product of the
fractional amount times the fair market value of a Share on the date the Share would otherwise have
been delivered, as determined by the Committee. Notwithstanding anything to the contrary herein,
in the event of a Change of Control, the Grantee shall receive, at the time that delivery of the
Shares is provided for hereunder, the Shares and/or such other property or other consideration as
is appropriate so that the Grantee receives, as of such date of delivery, whatever the Grantee
would have received had the Grantee held the Shares at the time of the Change of Control.

6. Dividends. Grantee shall not be entitled to any cash, securities or property that
would have been paid or distributed as dividends with respect to the Shares subject to this RSU
Agreement prior to the date the Shares are delivered to Grantee; provided, however, that the
Company shall keep a hypothetical account in which any such items shall be recorded, and shall pay
to Grantee the amount of such dividends in kind on the same date that the Shares to which such
payments or distributions relate are delivered to Grantee (or forfeited).

7. Non-Transferability of this RSU. Grantee shall not be permitted to sell, transfer,
pledge, assign or otherwise dispose of this RSU at any time. Notwithstanding the foregoing, in the
event of Grantee’s death, this RSU may be transferred by will or by the laws of descent and
distribution.

8. Rights of Grantee. Grantee shall have none of the rights of a shareholder at any
time prior to the delivery of the Shares subject to this RSU Agreement, except as expressly set
forth in the Plan or herein.

9. Withholding Taxes. Grantee shall be responsible to pay to the Company the amount
of withholding taxes as determined by the Company on the date the Shares are delivered. At the
Grantee’s option, Grantee shall have the right to relinquish to the Company a portion of the Shares
having a fair market value, based on the closing price of the Common Stock on the NYSE on such
delivery date, equal to the amount the Grantee would otherwise be required to pay to the Company on
such delivery date by reason of applicable withholding taxes, in lieu of paying that amount to the
Company in cash. Grantee authorizes the Company to withhold in accordance with applicable law from
any compensation payable to him or her any taxes required to be withheld for federal, state or
local law in connection with this RSU.

10. Notices. Any notice to the Company under this Agreement shall be made in care of
the Committee to the office of the General Counsel, at the Company’s main offices. All notices
under this Agreement shall be deemed to have been given when hand delivered or mailed, first class
postage prepaid, and shall be irrevocable once given.

 

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11. Securities Laws. The Committee may from time to time impose any conditions on the
Shares as it deems necessary or advisable to ensure that Shares are issued and resold in compliance
with the Securities Act of 1933, as amended.

12. Grant of RSU Not to Affect Service. The grant of this RSU shall not confer upon
Grantee any right to continue as an employee of the Company or to serve in any other capacity for
the Company or any Affiliate.

13. Amendment to RSU Agreement; Acceleration. Notwithstanding anything contained
herein to the contrary, the Committee shall have the authority to amend or modify the terms and
conditions set forth in this RSU Agreement if the Committee determines, at its discretion, that any
such amendment or modification is necessary or appropriate; provided, however, that the terms of
this RSU Agreement may not be changed in a manner that is unfavorable to Grantee without Grantee’s
consent.

14. Miscellaneous.

(a) The address for Grantee to which notice, demands and other communications to be given or
delivered under or by reason of the provisions hereof shall be Grantee’s address as reflected in
the Company’s personnel records.

(b) Grantee acknowledges receipt of a copy of the Plan prospectus, included in which is a
summary of the terms of the Plan. The summary contained therein is qualified in its entirety by
reference to the terms of the Plan, copies of which are available with the Company’s public filings
with the United States Securities and Exchange Commission at www.sec.gov, or by oral or written
request directed to the Company. Grantee represents that he is familiar with the terms and
provisions of the Plan, and hereby accepts this RSU, subject to all of the terms and provisions
thereof. Grantee agrees to hereby accept as binding, conclusive and final all decisions or
interpretations of the Committee upon any questions arising under the Plan or this Agreement.

(c) This RSU Agreement may be executed in one or more counterparts and shall become effective
when one or more counterparts taken together bears the signature of all the parties listed below.

(d) The validity, performance, construction and effect of this RSU shall be governed by the
laws of the Commonwealth of Pennsylvania, without giving effect to principles of conflicts of law.

[SIGNATURE PAGE IMMEDIATELY FOLLOWS]

 

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IN WITNESS WHEREOF, this RSU Agreement has been executed as of the 20th day of December,
2010.

	 	 	 
	TOLL BROTHERS, INC.

	 	GRANTEE:

 

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SCHEDULE A

1. [Description of Performance Metrics]

2. [Description of Payment Dates]

 

5exv4w9

Exhibit 4.9

NORTEK, INC.

GLOBAL NOTE

representing up to $

8.50% Senior Notes due 2021

CUSIP No.

	 	 	 

	No.

	 	Principal Amount: $     

     NORTEK, INC., a Delaware corporation (the “Issuer,” which term includes any successor
corporation), for value received, promises to pay to CEDE & CO. or its registered assigns, the
principal sum of ($ ) on April 15, 2021.

     Interest Payment Dates: April 15 and October 15, commencing April 15, 2012.

     Record Dates: April 1 and October 1.

     Reference is made to the further provisions of this Note contained herein, which will for all
purposes have the same effect as if set forth at this place.

     IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by
its duly authorized officers.

	 	 	 	 	 
	 	NORTEK, INC.

 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

 

CERTIFICATE OF AUTHENTICATION

     This is one of the 8.50% Senior Notes due 2021 described in the within-mentioned Indenture.

Dated:

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION,

as Trustee

 	 
	 	By:  	
 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 

 

 

(Reverse of Note)

Nortek, Inc.

8.50% Senior Notes due 2021

     THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS
REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY. THIS NOTE IS NOT EXCHANGEABLE
FOR NOTES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE EXCEPT IN THE
LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS NOTE (OTHER THAN A
TRANSFER OF THIS NOTE AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE
OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY) MAY BE REGISTERED EXCEPT
IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

     Capitalized terms used herein shall have the meanings assigned to them in the Indenture
referred to below unless otherwise indicated.

     SECTION 1. Interest. Nortek, Inc., a Delaware corporation (the “Issuer”), promises
to pay interest on the principal amount of this Note at 8.50% per annum. The Issuer will pay cash
interest semi-annually in arrears on April 15 and October 15, commencing on October 15, 2011. The
Issuer will make each interest payment to the Holders of record on the immediately preceding April
1 and October 1. Interest will be computed on the basis of a 360-day year comprised of twelve
30-day months.

     SECTION 2. Method of Payment. The Issuer will pay interest on the Notes (except
defaulted interest) to the Persons who are registered Holders of Notes at the close of business on
the April 1 or October 1 next preceding the Interest Payment Date, even if such Notes are canceled
after such record date and on or before such Interest Payment Date, except as provided in Section
2.13 of the Indenture with respect to defaulted interest. The Notes will be issued in
denominations of $2,000 and integral multiples of $1,000 in excess thereof. Issuer shall pay
principal, premium, if any and interest on the Notes in such coin or currency of the United States
of America as at the time of payment is legal tender for payment of public and private debts (“U.S.
Legal Tender”). Principal, premium, if any, and interest on the Notes will be payable at the
office or agency of the Issuer maintained for such purpose or, at the option of the Issuer, payment
of interest may be made by check mailed to the Holders at their respective addresses set forth in
the register of Holders; provided that all payments of principal, premium and interest with respect
to Notes the Holders of which have given wire transfer instructions to the Issuer prior to the
Record Date will be required to be made by wire transfer of immediately available funds to the
accounts specified by the Holders thereof. Until otherwise designated by the Issuer, the Issuer’s
office or agency in New York will be the office of the Trustee maintained for such purpose.

     SECTION 3. Paying Agent and Registrar. Initially, U.S. Bank National Association,
the Trustee under the Indenture, will act as Paying Agent and Registrar. The Issuer may change any
Paying Agent or Registrar without notice to any Holder. The Issuer or any of its Subsidiaries may
act in any such capacity.

     SECTION 4. Indenture. The Issuer issued the Notes under an Indenture dated as of
April 26, 2011 (the “Indenture”) among the Issuer, the Guarantors and the Trustee. The terms of
the Notes include those stated in the Indenture and those made part of the Indenture by reference
to the Trust Indenture Act of 1939, as amended (15 U.S. Code §§ 77aaa-77bbbb) (the “TIA”). The
Notes are subject to all such terms, and Holders are referred to the Indenture and the TIA for a
statement of such terms. To the extent any provision of this Note conflicts with the express
provisions of the Indenture, the provisions of the Indenture shall govern and be controlling.

     SECTION 5. Optional Redemption.

     (a) At any time prior to April 15, 2014, the Issuer shall be entitled on any one or more
occasions to redeem up to 35% of the aggregate principal amount of Notes issued under the Indenture
(which includes any

1

 

Additional Notes) at a Redemption Price of 108.500% of the principal amount thereof, plus
accrued and unpaid interest thereon, to the Redemption Date, with the net cash proceeds of one or
more Designated Offerings of the Issuer (or of any Parent to the extent such proceeds are
contributed to the equity capital of the Issuer, other than in the form of Disqualified Stock);
provided that (1) at least 65% of the aggregate principal amount of Notes issued under the
Indenture (which includes any Additional Notes) remains outstanding immediately after the
occurrence of such redemption (excluding Notes held by the Issuer and its Subsidiaries) and (2)
such redemption occurs within 90 days of the date of the closing of such Designated Offering.
Notice of any redemption upon any Designated Offering may be given prior to such redemption, and
any such redemption or notice may, at the Issuer’s discretion, be subject to one or more conditions
precedent, including, but not limited to, completion of the related Designated Offering.

     (b) On or after April 15, 2016, the Issuer shall be entitled to redeem all or part of the
Notes, at the Redemption Prices (expressed as percentages of principal amount) set forth below plus
accrued and unpaid interest and Additional Interest, if any, thereon, to the applicable Redemption
Date, if redeemed during the twelve-month period beginning on April 15 of the years indicated
below:

	 	 	 	 	 
	Year	 	Percentage	 
	2016
	 	 	104.250	%
	2017
	 	 	102.125	%
	2018
	 	 	101.063	%
	2019 and thereafter
	 	 	100.000	%

     (c) In addition, at any time and from time to time prior to April 15, 2016, the Company may
redeem all or any portion of the Notes outstanding at a redemption price equal to (i) 100% of the
aggregate principal amount of the Notes to be redeemed, together with accrued and unpaid interest
and Additional Interest, if any, thereon to such redemption date, plus (ii) the Make Whole Amount.

     SECTION 6. Offers to Purchase. The Indenture provides that upon the occurrence of a
Change of Control or an Asset Sale and subject to further limitations contained therein, the Issuer
shall make an offer to purchase outstanding Notes in accordance with the procedures set forth in
the Indenture.

     SECTION 7. Notice of Redemption. Notice of redemption will be mailed by first class
mail at least 30 days but not more than 60 days before the Redemption Date to each Holder of the
Notes to be redeemed at its registered address. No Notes of $2,000 or less shall be redeemed in
part. If any Note is to be redeemed in part only, the notice of redemption that relates to such
Note shall state the portion of the principal amount thereof to be redeemed. A new Note in
principal amount equal to the unredeemed portion of the original Note will be issued in the name of
the Holder thereof upon cancellation of the original Note. On and after the Redemption Date,
interest ceases to accrue on Notes or portions of them called for redemption.

     SECTION 8. Denominations, Transfer, Exchange. The Notes are in registered form
without coupons in denominations of $2,000 principal amount and integral multiples of $1,000 in
excess thereof. The transfer of the Notes may be registered and the Notes may be exchanged as
provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things,
to furnish appropriate endorsements and transfer documents and the Issuer may require a Holder to
pay any taxes and fees required by law or permitted by the Indenture. The Issuer or the Registrar
is not required to transfer or exchange any Note selected for redemption. Also, the Issuer or the
Registrar is not required to transfer or exchange any Notes for a period of 15 days before a
selection of the Notes to be redeemed.

     SECTION 9. Persons Deemed Owners. The registered Holder of a Note may be treated as
its owner for all purposes.

     SECTION 10. Amendment, Supplement and Waiver. Subject to certain exceptions, the
Indenture may be amended or supplemented with the written consent of the Holders of at least a
majority in aggregate principal

2

 

amount of the Notes then outstanding, and any existing Default or compliance with any
provision may be waived with the consent of the Holders of a majority in aggregate principal amount
of the Notes then outstanding. Without notice to or consent of any Holder, the parties thereto may
amend or supplement the Indenture, to, among other things, cure any ambiguity, defect or
inconsistency in the Indenture, provide for uncertificated Notes in addition to certificated Notes,
comply with any requirements of the Commission in connection with the qualification of the
Indenture under the TIA, or make any change that does not adversely affect the rights of any Holder
of a Note.

     SECTION 11. Defaults and Remedies. If a Default occurs and is continuing, the
Trustee or the Holders of at least 25% in aggregate principal amount of the then outstanding Notes
generally may declare the principal of and accrued interest, if any, on such Notes to be due and
payable immediately. Notwithstanding the foregoing, in the case of a Default arising from certain
events of bankruptcy or insolvency as set forth in the Indenture all outstanding Notes will become
due and payable without further action or notice. Holders of the Notes may not enforce the
Indenture or the Notes except as provided in the Indenture. Subject to certain limitations,
Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the
Trustee in its exercise of any trust or power. The Trustee may withhold from Holders notice of any
continuing Default (except a Default relating to the payment of principal or interest) if it
determines that withholding notice is in their interest. The Holders of a majority in aggregate
principal amount of the Notes then outstanding by notice to the Trustee may on behalf of the
Holders of all of the Notes waive any Default and its consequences under the Indenture except a
continuing Default in the payment of interest on, or the principal of the Notes or in respect of
certain covenants set forth in the Indenture.

     SECTION 12. Restrictive Covenants. The Indenture contains certain covenants that,
among other things, limit the ability of the Issuer and its Restricted Subsidiaries to make
restricted payments, to incur indebtedness, to create liens, to sell assets, to permit restrictions
on dividends and other payments by Restricted Subsidiaries of the Issuer, to consolidate, merge or
sell all or substantially all of its assets or to engage in transactions with affiliates. The
limitations are subject to a number of important qualifications and exceptions. The Issuer must
annually report to the Trustee on compliance with such limitations.

     SECTION 13. No Recourse Against Others. No director, officer, employee,
incorporator, member, partner or stockholder of the Issuer, any Guarantor, any Subsidiary, or any
Parent shall have any liability for any obligations of the Issuer or the Guarantors under the
Notes, the Indenture or the Note Guarantees or for any claim based on, in respect of, or by reason
of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and
releases all such liability. The waiver and release are part of the consideration for issuance of
the Notes.

     SECTION 14. Trustee Dealings with the Issuer. The Trustee under the Indenture, in
its individual or any other capacity, may become the owner or pledgee of the Notes and may
otherwise deal with the Issuer, its Subsidiaries or their respective Affiliates as if it were not
the Trustee.

     SECTION 15. Authentication. This Note shall not be valid until authenticated by the
manual signature of the Trustee or an authenticating agent.

     SECTION 16. Abbreviations. Customary abbreviations may be used in the name of a
Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the
entirety), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST
(= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act).

     SECTION 17. CUSIP Numbers. Pursuant to a recommendation promulgated by the Committee
on Uniform Security Identification Procedures, the Issuer has caused CUSIP numbers to be printed on
the Notes and the Trustee may use CUSIP numbers in notices of redemption as a convenience to
Holders. No representation is made as to the accuracy of such numbers either as printed on the
Notes or as contained in any notice of redemption and reliance may be placed only on the other
identification numbers placed thereon.

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     SECTION 18. Guarantees. The Note will be entitled to the benefits of certain
Guarantees made for the benefit of the Holders. Reference is hereby made to the Indenture for a
statement of the respective rights, limitations of rights, duties and obligations thereunder of the
Guarantors, the Trustee and the Holders.

     SECTION 19. Governing Law. This Note shall be governed by, and construed in
accordance with, the laws of the State of New York.

     The Issuer will furnish to any Holder upon written request and without charge a copy of the
Indenture.

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ASSIGNMENT FORM

     I or we assign and transfer this Note to:

 

(Insert assignee’s social security or tax I.D. number)

 

(Print or type name, address and zip code of assignee)

     and irrevocably appoint:

     Agent to transfer this Note on the books of the Issuer. The Agent may substitute another to act for him.

	 	 	 	 	 
	 	 	 
	Date:  ________________ 	Your Signature:	
 	 
	 	 	(Sign exactly as your name appears on 	 
	 	 	the other side of this Note) 	 
	 

Signature Guarantee:                                                            

SIGNATURE GUARANTEE

     Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements
of the Registrar, which requirements include membership or participation in the Security Transfer
Agent Medallion Program (“STAMP”) or such other “signature guaranty program” as may be determined
by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the
Securities Exchange Act of 1934, as amended.

 

 

OPTION OF HOLDER TO ELECT PURCHASE

     If you want to elect to have this Note purchased by the Issuer pursuant to Section 4.09 or
Section 4.13 of the Indenture, check the appropriate box:

Section 4.09    o       Section 4.13   o

     If you want to elect to have only part of this Note purchased by the Issuer pursuant to
Section 4.09 or Section 4.13 of the Indenture, state the amount: $

	 	 	 	 	 
	 	 	 
	Dated:  ________________ 	Your Signature:   	
 	 
	 	 	(Sign exactly as your name appears on 	 
	 	 	the other side of this Note) 	 
	 

	 	 	 	 	 

	Signature Guarantee:
	 	 	 	 
	 

	 	 

Participant in a recognized Signature Guarantee
Medallion Program (or other signature guarantor
program reasonably acceptable to the Trustee)

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