Document:

Exhibit 10.1

 

FORM OF

ev3 INC. 2005 INCENTIVE STOCK PLAN

STOCK GRANT CERTIFICATE

 

This Stock Grant Certificate
evidences a Stock Grant made pursuant to the ev3 Inc. 2005 Incentive Stock Plan
of [            ]
shares of restricted Stock to [           ],
who shall be referred to as “Grantee”.  This Stock Grant is granted effective as of [             ],
which shall be referred to as the “Grant Date.”

 

 

	
   

  	
  ev3 INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

TERMS AND CONDITIONS

 

§ 1.                                                                            Plan
and Stock Grant Certificate.  This Stock Grant is subject to all of the terms and
conditions set forth in this Stock Grant Certificate and in the Plan. If a
determination is made that any term or condition set forth in this Stock Grant
Certificate is inconsistent with the Plan, the Plan shall control.  All of the capitalized terms not otherwise
defined in this Stock Grant Certificate shall have the same meaning in this
Stock Grant Certificate as in the Plan. 
A copy of the Plan will be made available to Grantee upon written
request to the corporate Secretary of the Company.

 

§ 2.                                                                            Stockholder
Status. 
Grantee shall have the right under this Stock Grant to receive cash
dividends on all of the shares of Stock subject to this Stock Grant and to vote
such shares until Grantee’s right to such shares is forfeited or becomes
nonforfeitable.  If Grantee forfeits any
shares under § 3, Grantee shall at the same time forfeit Grantee’s right
to vote such shares and to receive cash dividends paid with respect to such
shares.  Any Stock dividends or other
distributions of property made with respect to shares that remain subject to
forfeiture under § 3 shall be held by the Company, and Grantee’s rights to
receive such dividends or other property shall be forfeited or shall be
nonforfeitable at the same time the shares of Stock with respect to which the
dividends or other property are attributable are forfeited or become
nonforfeitable.  Except for the rights to
receive cash dividends and vote the shares of Stock subject to this Stock Grant
which are described in this § 2, Grantee shall have no rights as a
Stockholder with respect to such shares of Stock until Grantee’s interest in
such shares has become nonforfeitable.

 

 

§ 3.                                                                            Vesting
and Forfeiture.

 

(a)                                  Vesting.  Subject to § 3(b), Grantee’s interest in
the Stock subject to this Stock Grant shall become nonforfeitable as follows:

 

(1)                                  Grantee’s
interest in 25% of the shares of Stock subject to this Stock Grant (rounding
down to the nearest whole number of shares of Stock) shall become
nonforfeitable only if Grantee continuously provides services to the Company or
its Affiliates (whether as an employee or as a consultant) through [              ],

 

(2)                                  Grantee’s
interest in an additional 25% of the shares of Stock subject to this Stock
Grant (rounding down to the nearest whole number of shares of Stock) shall
become nonforfeitable only if Grantee continuously provides services to the
Company or its Affiliates (whether as an employee or as a consultant) through [              ],

 

(3)                                  Grantee’s
interest in an additional 25% of the shares of Stock subject to this Stock
Grant (rounding down to the nearest whole number of shares of Stock) shall
become nonforfeitable only if Grantee continuously provides services to the
Company or its Affiliates (whether as an employee or as a consultant) through [                ],
and

 

(4)                                  Grantee’s
interest in the all remaining shares of Stock subject to this Stock Grant shall
become nonforfeitable only if Grantee continuously provides services to the
Company or its Affiliates (whether as an employee or as a consultant) through [                ].

 

(b)                                 Forfeiture.  If Grantee’s continuous service relationship
(including service as an employee and as a consultant) with the Company  and its Affiliates terminates for any reason
whatsoever before his or her interest in all of the shares of Stock subject to
this Stock Grant have become nonforfeitable under § 3(a), then he or she
shall (except as provided in § 14 of the Plan) forfeit all of the shares
of Stock subject to this Stock Grant except those shares in which he or she has
(pursuant to § 3(a)) a nonforfeitable interest on the date Grantee’s service
relationship with the Company and its Affiliates so terminates.

 

§ 4.                                                                            Stock
Certificates.  The Company shall issue a stock certificate
for the shares of Stock subject to this Stock Grant in the name of Grantee upon
Grantee’s execution of the irrevocable stock power in favor of the Company
attached as Exhibit A.

 

2

 

The Secretary of the Company shall hold such
stock certificate representing such shares and any distributions made with
respect to such shares (other than ordinary cash dividends) until such time as Grantee’s
interest in such shares has become nonforfeitable or has been forfeited.  As soon as practicable after each date as of
which Grantee’s interest in any shares becomes nonforfeitable under
§ 3(a), the Company shall issue to Grantee a stock certificate reflecting
the shares in which his or her interest has become nonforfeitable on such date
(together with any distributions made with respect to the shares that have been
held by the Company).  If shares are
forfeited, the shares (together with any distributions made with respect to the
shares that have been held by the Company) automatically shall revert back to
the Company.

 

§ 5.                                                                            Nontransferable.  No rights
granted under this Stock Grant Certificate shall be transferable by Grantee
other than by will or by the laws of descent and distribution.

 

§ 6.                                                                            Other
Laws. 
The Company shall have the right to refuse to transfer shares of Stock
subject to this Stock Grant to Grantee if the Company acting in its absolute
discretion determines that the transfer of such shares might violate any
applicable law or regulation.

 

§ 7.                                                                            No
Right to Continue Service.  None of the Plan, this Stock Grant Certificate, or
any related material shall give Grantee the right to remain employed by the
Company or its Affiliates or to continue in the service of the Company or its
Affiliates in any other capacity.

 

§ 8.                                                                            Governing
Law.  The
Plan and this Stock Grant Certificate shall be governed by the laws of the
State of Delaware.

 

§ 9.                                                                            Binding
Effect.  This Stock Grant Certificate shall be binding upon the Company and Grantee
and their respective heirs, executors, administrators and successors.

 

§ 10.                                                                     Headings
and Sections.  The headings contained in this Stock Grant
Certificate are for reference purposes only and shall not affect in any way the
meaning or interpretation of this Stock Grant Certificate.  All references to sections in this Stock
Grant Certificate shall be to sections of this Stock Grant Certificate unless
otherwise expressly stated as part of such reference.

 

3

 

Exhibit A

 

IRREVOCABLE STOCK POWER

 

As a condition
to the issuance to the undersigned of a stock certificate for the [                ]
shares of Stock which were granted to the undersigned as a Stock
Grant under the ev3 Inc. 2005 Incentive Stock Plan in the Stock Grant
Certificate dated [                ],
the undersigned hereby executes this Irrevocable Stock Power in order to sell,
assign and transfer to ev3 Inc. the shares of Stock subject to such Stock Grant
for purposes of effecting any forfeiture called for under § 3(b) of the
Stock Grant Certificate and does hereby irrevocably give ev3 Inc. the power
(without any further action on the part of the undersigned) to transfer such
shares of Stock on its books and records back to ev3 Inc. to effect any such
forfeiture.  This Irrevocable Stock Power
shall expire automatically with respect to the shares of Stock on the date such
shares of Stock are no longer subject to forfeiture under § 3(b) of such
Stock Grant Certificate or, if earlier, immediately after such a forfeiture has
been effected with respect to such shares of Stock.

 

 

	
   

  	
   

  
	
   

  	
  Signature

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Print Name

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Date

  

 

4Exhibit 10.9

 

AMENDED
AND RESTATED RENEWAL AGREEMENT

 

THIS AMENDED AND RESTATED RENEWAL AGREEMENT, dated as of December 30,
2005, is between CNL HOTELS & RESORTS, INC. (f/k/a
CNL Hospitality Properties, Inc.), a Maryland corporation (the “Company”),
and CNL HOSPITALITY CORP., a Florida
corporation (the “Advisor”).  (Each a “Party,”
and collectively the “Parties”). 
Capitalized terms used but not defined herein shall have the meanings
ascribed to such terms in that certain Advisory Agreement, dated as of April 1,
2004, between the Parties (the “Advisory Agreement”).

 

R E C I T
A L S:

 

WHEREAS, the
Parties entered into the Advisory Agreement; and

 

WHEREAS,
the Parties entered into that certain Renewal Agreement, dated as of March 31,
2005, as amended by the First Amendment to Renewal Agreement, dated as of June 30,
2005, the Second Amendment to Renewal Agreement, dated as of July 29,
2005, the Third Amendment to Renewal Agreement, dated as of August 30,
2005, the Fourth Amendment to Renewal Agreement, dated as of September 29,
2005, the Fifth Amendment to Renewal Agreement, dated as of October 31,
2005, and the Sixth Amendment to Renewal Agreement, dated as of November 30,
2005 (as so amended, the “Original Renewal Agreement”), pursuant to which,
among other things, the Advisory Agreement was amended and renewed for an
additional one-year term; and

 

WHEREAS, the
Parties are entering into that certain Payment Agreement of even date herewith,
which provides for, among other things, the payment to the Advisor of certain
Acquisition Fees under the Advisory Agreement which have been deferred pursuant
to the terms of the Agreement and Plan of Merger, dated as of April 29,
2004, as amended on June 17, 2004, by and among the Company, the Advisor,
CNL Hospitality Properties Acquisition Corp., CNL Real Estate Group, Inc.,
Five Arrows Realty Securities II, LLC, the Stockholders (as defined therein),
and CNL Financial Group, Inc.; and

 

WHEREAS,
the Parties have agreed to reduce the percentage of Total Proceeds payable to
the Advisor as Acquisition Fees pursuant to the Advisory Agreement; and

 

WHEREAS,  the Parties desire to amend and restate the
Original Renewal Agreement upon the terms and conditions set forth herein.

 

NOW,
THEREFORE,  in
consideration of the foregoing and of the mutual covenants and agreements
contained herein, the Parties agree as follows:

 

1.             The
Advisory Agreement, as amended by this Agreement, is renewed for an additional
one-year term commencing on April 1, 2005, and terminating on March 31,
2006.

 

 

2.             The
definition of the term “Gross Proceeds” in Paragraph 1 of the Advisory
Agreement is amended by deleting the phrase “2003 Offering” and inserting the
phrase “through the offering to Stockholders under Registration Statement No. 333-121065
on Form S-3 pursuant to the Company’s Amended and Restated Reinvestment
Plan” in lieu thereof.

 

3.             The
definition of the term “Permanent Financing” in Paragraph 1 of the Advisory
Agreement is amended by deleting “4.5% and replacing it with “3.0%.”

 

4.             Paragraph 9(b) of the Advisory
Agreement is amended by deleting “4.5%” in the first sentence thereof and
replacing it with “3.0%”.

 

5.             Paragraph
20(e)(iv) of the Advisory Agreement is amended by inserting the following
at the end thereof:

 

“which may
require cooperation for a reasonable period beyond the date of retention by the
Company of a new advisor.”

 

6.             Advisory Agreement.  Except as
specifically amended herein, the Advisory Agreement shall remain in full force
and effect.  Paragraphs two, three, four
and five of this Agreement shall be effective as of  April 1, 2005.

 

7.             Modification.  This Agreement shall not be changed,
modified, terminated, or discharged, in whole or in part, except by an
instrument in writing signed by both Parties, or their respective successors or
assignees.

 

8.             Severability.  The provisions of this Agreement are
independent of and severable from each other, and no provision shall be
affected or rendered invalid or unenforceable by virtue of the fact that for
any reason any other or others of them may be invalid or unenforceable in whole
or in part.

 

9.             Construction.  The provisions of this Agreement shall be
interpreted, construed and enforced in all respects in accordance with the laws
of the State of Florida applicable to contracts to be made and performed
entirely in said state.

 

10.          Entire Agreement.  This Agreement contains the entire agreement
and understanding among the parties hereto with respect to the subject matter
hereof, and supersedes all prior and contemporaneous agreements, understandings,
inducements and conditions, express or implied, oral or written, of any nature
whatsoever with respect to the subject matter hereof.  The express terms hereof control and
supersede any course of performance and/or usage of the trade inconsistent with
any of the terms hereof. This Agreement may not be modified or amended other
than by an agreement in writing.

 

11.          Indulgences, Not Waivers.  Neither the failure nor any delay on the part
of a party to exercise any right, remedy, power or privilege under this
Agreement shall operate as a waiver thereof, nor shall any single or partial
exercise of any right, remedy, power or privilege preclude any other or further
exercise of the same or of any other right, remedy, power or privilege, nor
shall any waiver of any right, remedy, power or privilege with respect to any
occurrence be construed as a waiver of such right, remedy, power or privilege
with respect to any

 

2

 

other occurrence.  No waiver
shall be effective unless it is in writing and is signed by the party asserted
to have granted such waiver.

 

12.          Counterparts.  This Agreement may be executed in
counterparts, each of which shall be deemed an original and all of which,
together, shall constitute a single instrument.

 

SIGNATURES
APPEAR ON THE FOLLOWING PAGE

 

3

 

IN WITNESS
WHEREOF, the Parties have duly executed this Amended
and Restated Renewal Agreement as of the date and year first above written.

 

	
   

  	
  CNL HOTELS &
  RESORTS, INC.
(f/k/a CNL Hospitality Properties, Inc.)

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Mark E.
  Patten

  	
   

  
	
   

  	
  Name:

  	
  Mark E.
  Patten

  
	
   

  	
  Its:

  	
  Senior Vice
  President and

  Chief Accounting Officer

  
	
   

  	
   

  
	
   

  	
  CNL
  HOSPITALITY CORP.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ James M.
  Seneff, Jr.

  	
   

  
	
   

  	
  Name:

  	
  James M.
  Seneff, Jr.

  
	
   

  	
  Its:

  	
  Chairman

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