Document:

Form of Actuant Corporation Restricted Stock Agreement

 Exhibit 10.1 
  
 

 
 ACTUANT CORPORATION 
 RESTRICTED STOCK AWARD 
  
 THIS RESTRICTED STOCK AWARD is granted by ACTUANT CORPORATION (the “Company”) to «FirstName» «LastName» (the “Grantee”). This Award is granted under and subject to the terms of the Actuant
Corporation 2002 Stock Plan (the “Plan”). In the event of any conflict between any provisions of this Award and the provisions of the Plan, the provisions of the Plan shall control. Terms defined in the Plan where used herein shall have
the meanings as so defined in the Plan. 
  
 1. AWARD 
  
 The Company grants to the Grantee a restricted stock award on
«Date» (the “Award Date”), covering «number» shares of Company Stock (the “Restricted Stock”). 
  
 2. RESTRICTION 
  
 The Restricted Stock shall become vested three years from the Award Date. In addition, all of the unvested Restricted Stock shall become vested upon the
first to occur, if any, of the following events: 
  

	 	(a)	The termination of Grantee’s employment with the Company or a subsidiary by reason of retirement after age 60, disability (as determined by the Committee), or death;

  

	 	(b)	The termination by the Company or a subsidiary of the Grantee’s employment with the Company or a subsidiary without cause; or 

  

	 	(c)	A Change in Control of the Company (as determined by the Committee). 

  
 The period of time during which the shares covered by this Restricted Stock Award vest is referred to as the “Restricted Period”. If the
Grantee’s employment with the Company or one of its subsidiaries terminates during the Restricted Period for any reason other than as specified in subsections (a) or (b) above, the Restricted Stock shall be forfeited to the Company on
the date of such termination, without any further obligations of the Company to the Grantee and all rights of the Grantee with respect to the Restricted Stock shall terminate. 

 3. RIGHTS DURING RESTRICTED PERIOD 
  
 The Grantee, during the Restricted Period, shall have the right to vote the Restricted Stock and to receive cash dividends;
however, all stock dividends, stock rights or other securities issued with respect to the Restricted Stock (collectively, the “Proceeds”) shall be forfeitable and subject to the same restrictions as exist regarding the original shares of
Restricted Stock. The Restricted Stock shall be nontransferable during the Restricted Period, except by will or the laws of descent and distribution. 
  
 4. CUSTODY 
  
 The Restricted Stock may be credited to Grantee in book entry form and shall be held, along with any Proceeds, in custody by the Company until the
applicable restrictions have expired. If any certificates are issued for shares of Restricted Stock or any of the Proceeds during the Restricted Period, such certificates shall bear an appropriate legend as determined by the Company referring to the
applicable terms, conditions and restrictions and the Grantee shall deliver a signed, blank stock power to the Company relating thereto. 
  
 5. TAX WITHHOLDING 
  
 The Grantee may satisfy any tax withholding obligations arising with respect to the Restricted Stock in whole or in part by tendering a check to the
Company for any required amount, by election to have a portion of shares withheld to defray all or a portion of any applicable taxes, or by election to have the Company or its subsidiaries withhold the required amounts from other compensation
payable to the Grantee. 
  
 6. NO RIGHTS TO CONTINUED EMPLOYMENT

  
 The granting of this Award shall not confer upon Grantee
any right with respect to continuance of employment by the Company, nor shall it interfere in any way with the right of the Company to terminate Grantee’s employment at any time. 
  

 2 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date of grant
shown above. 
  

			
	ACTUANT CORPORATION
		
	By:	 	 /s/ Robert C. Arzbaecher

	 	 	Robert C. Arzbaecher

  
 Accepted as of
the Date of Grant in accordance with, and subject to, the above terms and conditions of this Agreement and of the Plan document, a copy of which has been received by me. 
  

	
	  

	«FirstName» «LastName»Form of Actuant Corporation 2002 Nonqualified Stock Option Agreement

 Exhibit 10.2 
  
 ACTUANT CORPORATION 
 2002 NONQUALIFIED STOCK OPTION AGREEMENT 
 (Officer Grant) 
  

			
	GRANTEE:	  	«FirstName» «LastName»
		
	GRANTEE’S ADDRESS:	  	«Address1» «Address2»
	 	  	«City», «State» «PostalCode»
		
	NUMBER OF SHARES OPTIONED:	  	«Shares»
		
	OPTION PRICE PER SHARE:	  	«OptionPrice»
		
	DATE OF GRANT:	  	«GrantDate»

  

			
	EXPIRATION DATE:	  	the earlier of (i) 10 years from the date of grant at 5:00 o’clock p.m., Milwaukee Business Time, or (ii) the date provided under Section 4.

  
 Actuant Corporation and the above named Grantee hereby agree as follows: 
  
 1. Option. Actuant Corporation (hereinafter called the “Company”), grants to the Grantee an option to purchase all or any part of the number of shares of Common Stock above stated at the option price per share above stated
upon the following terms and conditions. 
  
 2. Plan. This Option is
granted under and subject to the terms of the Actuant Corporation 2002 Stock Plan (herein called the “Plan”). In the event of any conflict between any provisions of this Option and the provisions of the Plan, the provisions of the Plan
shall control. Terms defined in the Plan where used herein shall have the meanings as so defined. Grantee hereby acknowledges receipt of a copy of the Plan. 
  
 3. Vesting of Option. Except as otherwise provided herein or in the Plan, this Option shall be exercisable only prior to the expiration date hereof, and then only
as set forth in the following table: 
  

				
	 Years From Date
 Option is
Granted

	  	Cumulative Fraction
Of Shares Optioned
Which Is Exercisable

	 
	 After Three Years
	  	50	%
	 After Five Years
	  	100	%

  
 Notwithstanding the
foregoing, in the event that Grantee’s employment with the Company shall cease because of retirement after age 60, death or disability (as determined by the Committee) this Option shall be fully exercisable. 

 4. Term of Option. All rights to exercise this option shall terminate upon the earlier of the following dates:
(a) the expiration date of the option; or (b) one year after Grantee’s termination of employment with the Company or a Subsidiary. Options may be exercised only with respect to whole shares of stock. Nothing herein contained shall be
construed to extend the ultimate term of any option beyond the period of 10 years from the date of the grant of such option. 
  
 5. Manner of Exercise. The option may from time to time be exercised, in whole or in part, with respect to any shares for which the right to exercise shall have
accrued and not theretofore been exercised, by delivering to the Secretary of the Company written notice specifying the number of shares to be purchased, together with payment of the exercise price and any required withholding taxes. The Grantee may
elect to pay the exercise price for a stock option in cash, by check, by delivering shares of Company Stock which have been beneficially owned by the Grantee, the Grantee’s spouse, or both of them for a period of at least 6 months prior to the
time of exercise (“Delivered Stock”) or a combination of cash and Delivered Stock. A Grantee may elect to pay any withholding obligation in cash, by check, with shares of Company Stock that would otherwise be issued upon exercise of a
stock option or a combination of cash and Company Stock. 
  
 6. No Rights To
Continued Employment. The Plan and any option granted under the Plan shall not confer upon any Grantee any right with respect to continuance of employment by the Company, nor shall they interfere in any way with the right of the Company to
terminate his employment at any time. 
  
 7. Acceleration of Right to
Exercise. If a Change in Control (as determined by the Committee) of the Company occurs when the Grantee is employed by the Company, any options which, by their terms, were not exercisable in full prior to the date of such Change in Control
shall become immediately exercisable and shall not be limited by any restrictions on exercisability under Paragraph 3 of this Agreement. Further, if the Company sells an operating unit (subsidiary or division) employing the Grantee, this option
shall become immediately exercisable if the Grantee ceases to be employed by the Company or any of its subsidiaries as a result of such disposition. 
  
 8. Corporate Spinoff. In the event of a corporate spinoff separating the Company into two or more separate entities, the Committee may, in its complete discretion,
adjust this option in such manner as it deems appropriate, including converting this option into an option to purchase stock of the entity which employs Grantee. A corporate spinoff separating the Company into two or more separate entities shall not
be deemed a Change in Control for purposes of this Agreement. If Grantee is employed by one of the separate entities and the separate successor entity has a subsequent Change in Control (as determined by the Committee), the subsequent Change in
Control shall be deemed a Change in Control for purposes of this Agreement and cause the option to become immediately exercisable. 

 9. Special Accelerated Vesting Rule for Corporate Officers. A corporate officer who (a) voluntarily
terminates employment after eight years with the Company, (b) provides at least one year advance notice to the Committee of such termination and has such termination accepted by the Committee, (c) in fact remains an employee for such
period, and (d) terminates his employment at the end of the agreed upon period, shall be fully vested in this option. 
  
 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date of grant shown above. 
  

			
	ACTUANT CORPORATION
		
	By:	 	 /s/ Robert C. Arzbaecher

	 	 	Robert C. Arzbaecher
	 	 	President and CEO

  
 Accepted as of
the Date of Grant in accordance with, and subject to, the above terms and conditions of this Agreement and of the Plan document, a copy of which has been received by me. 
  

	
	  

	«FirstName» «LastName»

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00096-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00096-of-00352.parquet"}]]