Document:

Exhibit
10.10(a)

 

NON-TANDEM STOCK APPRECIATION RIGHTS
AGREEMENT

PURSUANT TO THE

MAIDENFORM BRANDS, INC.

2005
STOCK INCENTIVE PLAN

AGREEMENT
(“Agreement”), dated as of the ___ day of ______, 200_ (the “Grant Date”) by
and between Maidenform Brands, Inc. (the “Company”) and __________ (the
“Participant”).

W
I  T  N  E  S  S  E  T  H:

WHEREAS, the Company has adopted the
Maidenform Brands, Inc. 2005 Stock Incentive Plan (the “Plan”), a copy of which
has been delivered to the Participant, which is administered by a committee
appointed by the Company’s Board of Directors (the “Committee”);

WHEREAS, pursuant to Section 7.3 of
the Plan, the Committee may grant awards of Non-Tandem Stock Appreciation
Rights in respect shares of its common stock, par value $0.01 per share (“Common
Stock” or the “Shares”) in the amount set forth below; and

WHEREAS, the Participant is an
Eligible Employee under the Plan.

NOW, THEREFORE, for and in consideration of
the mutual promises herein contained, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties agree as follows:

1.             Grant of Non-Tandem
Stock Appreciation Rights. 
Subject in all respects to the Plan and the terms and conditions set
forth herein and therein, the Participant is hereby granted _____ Non-Tandem
Stock Appreciation Rights (“SARs”) ; entitling the Participant to receive, for
each SAR exercised, a number of Shares of Common Stock equal in value to the
excess of the Fair Market Value of one share of Common Stock on the date the
SAR is exercised over $_______, which amount shall be no less than the Fair
Market Value on the Grant Date.

2.             Exercise.  (a) 
The SARs shall vest and become exercisable in equal annual installments
(which shall be cumulative) on each of the first four anniversaries of the
Grant Date (i.e., one quarter per year), provided that the Participant has not
incurred a Termination of Employment prior to the applicable vesting date.

                                (b)  If the Participant’s Termination is an
involuntary Termination by the Company without Cause, for Good Reason (as
defined in the Participant’s employment agreement with the Company), or due to
non-renewal by the Company of such employment agreement , or upon the
Participant’s death or Disability (or term or concept of like import, as
defined in the Participant’s employment agreement with the Company), the SARs
shall become vested and exercisable with respect to the number of Shares that
would have vested if the Participant’s employment had continued for an
additional twelve month period.

                                (c)  The SARs will become fully vested upon a
Change in Control, if the Participant remains employed or is otherwise
performing services for the Company at the time of the Change in Control or had
an involuntarily Termination by the Company without Cause at any time during
the 30 day period before the Change in Control.

 

 

 

 

                                (d)  To the extent that the SARs have become
vested and exercisable with respect to a number of Shares of Common Stock as
provided herein, the SARs may thereafter be exercised by the Participant, in
whole or in part, at any time or from time to time prior to the expiration of
the term of the SARs by the filing of any written form of exercise notice as
may be required by the Committee.  Upon
expiration of the SARs, the SARs shall be canceled and no longer
exercisable.  There shall be no
proportionate or partial vesting in the periods prior to each vesting date and
all vesting shall occur only on the applicable vesting date.

                                (e) 
The provisions of Section 7.4(b) of the Plan regarding Detrimental
Activity shall apply to the SARs, and such provisions are incorporated herein
by reference.

3.             Term.  The term of each SAR shall be 7 years after
the Grant Date, subject to earlier termination in the event of the Participant’s
Termination as specified in Section 4 below.

4.             Termination.

(a)   If the Participant’s Termination is by reason
of death, Disability (or term or concept of like import, as defined in the
Participant’s employment agreement with the Company) or Retirement, the SARs,
to the extent vested and exercisable at the time of the Participant’s
Termination, shall remain exercisable by the Participant (or, in the case of
death, by the legal representative of the Participant’s estate) at any time
within a period of one year from the date of such Termination, but in no event
beyond the expiration of the term set forth in Section 3 above; provided,
however, that in the case of Disability (or term or concept of like import, as
defined in the Participant’s employment agreement with the Company) or
Retirement,  if the Participant dies
within such exercise period, all unexercised SARs held by such Participant
shall thereafter be exercisable, to the extent they were exercisable at the
time of death, for a period of one year from the date of such death, but in no
event beyond the expiration of the term set forth in Section 3 above.

(b)   If a Participant’s Termination is voluntary
(but is not a termination described in Section 4(c)), or is an involuntary
Termination by the Company without Cause, a Termination by the Participant for
Good Reason (as defined in the Participant’s employment agreement with the
Company), or a Termination by the Participant due to non-renewal by the Company
of such Employment Agreement, all SARs that are held by such Participant that
are vested and exercisable at the time of such Termination may be exercised by
the Participant at any time with a period of 60 days from the date of such
Termination, but in no event beyond the expiration of the term set forth in
Section 3 above.

(c)   In the event of the Participant’s Termination
for Cause or the Participant’s voluntary Termination after an event that would
be grounds for a Termination for 

 

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Cause, the Participant’s
entire SARs (whether or not vested) shall terminate and expire upon such
Termination.

(d)   Any portion of the SARs that is not vested as
of the date of the Participant’s Termination for any reason shall terminate and
expire as of the date of such Termination.

5.             Withholding.  The Participant shall pay, or make
arrangements to pay, in a manner satisfactory to the Company, prior to the
issuance or delivery of any Shares of Common Stock, an amount equal to the
amount of all applicable foreign, federal, state, provincial and local taxes
that the Company is required to withhold at any time.  In the absence of such arrangements, any
statutorily required withholding obligation may, as determined at the sole discretion of the
Committee, be satisfied by delivery to
the Company of Shares of Common Stock issuable under this Agreement, valued at
Fair Market Value as of the date of such withholding obligation, equal to the
statutorily required withholding obligation.

6.             Restriction on
Transfer of SARs.  Except
as otherwise provided herein, the SARs are not transferable otherwise than by
will or under the applicable laws of descent and distribution and during the
lifetime of the Participant may be exercised only by the Participant or his or
her guardian or legal representative.  In
addition, except as otherwise provided herein, the SARs shall not be assigned,
negotiated, pledged or hypothecated in any way (whether by operation of law or
otherwise), and the SARs shall not be subject to execution, attachment or
similar process.  Except as otherwise
provided herein, upon any attempt to transfer, assign, negotiate, pledge or
hypothecate the SARs, or in the event of any levy upon the SARs by reason of
any execution, attachment or similar process contrary to the provisions hereof,
the SARs shall immediately become null and void.  Notwithstanding anything herein to the
contrary, the SARs may be transferred to a Family Member in whole or in part,
subject to the terms and conditions of this Agreement.  The SARs, if transferred pursuant to this
provision, may be exercised by any such Family Member at such times and to such
extent that the SARs would have been exercisable by the Participant if no
transfer had occurred.  Any transfer made
pursuant to this provision shall be effective solely upon written notice to the
Company of such transfer and delivery to the Company of written evidence of any
such transfer.  Only one (1) transfer to
a Family Member may be made pursuant to this provision, unless a transfer is
made from the Family Member to the Participant or unless otherwise permitted by
the Committee.

7.             Rights as a
Stockholder.  The
Participant shall have no rights as a stockholder with respect to any Shares
covered by any SARs unless and until the Participant has become the holder of
record of the Shares, and no adjustments shall be made for dividends in cash or
other property, distributions or other rights in respect of any such Shares,
except as otherwise specifically provided for in this Agreement or the Plan.

8.             Provisions of Plan
Control.  This Agreement
is subject to all the terms, conditions and provisions of the Plan, including,
without limitation, the amendment provisions thereof, and to such rules,
regulations and interpretations relating to the Plan as may be adopted by the
Committee and as may be in effect from time to time.  The Plan is incorporated herein by
reference.  By signing and returning this
Agreement, the Participant acknowledges having received and read a copy of the
Plan and agrees to comply with it, this Agreement and all applicable laws and
regulations.  Capitalized terms in this
Agreement that are not otherwise defined shall have the same meaning as set
forth in the Plan.  If and to the extent
that this Agreement conflicts or is inconsistent with the terms, conditions and
provisions of the Plan, the Plan shall control, and this Agreement shall be
deemed to be modified accordingly.  This
Agreement contains 

 

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the entire understanding of
the parties with respect to the subject matter hereof (other than any exercise
notice or other documents expressly contemplated herein or in the Plan) and
supersedes any prior agreements between the Company and the Participant with
respect to the subject matter hereof.

9.             No Modification or Waiver.  Except as otherwise provided in the Plan, no
modification or waiver of any of the provisions of this Agreement shall be
effective unless in writing and signed by the party against whom it is sought
to be enforced. 

10.          Notices.  Any notice or communication given hereunder
shall be in writing and shall be deemed to have been duly given when delivered
in person, or by regular United States mail, first class and prepaid, to the
appropriate party at the address set forth below (or such other address as the
party shall from time to time specify):  

If to the Company, to:

Maidenform Brands, Inc.

154 Avenue E

Bayonne, New Jersey  07002

Attention: General Counsel

If to the Participant, to the address on file with the Company.

11.           No Obligation to
Continue Employment.  This
Agreement is not an agreement of employment. 
This Agreement does not guarantee that the Company or its Affiliate will
employ or retain, or continue to employ or retain the Participant for any
specific time period, nor does it modify in any respect the Company or the its
Affiliate’s right to terminate or modify the Participant’s employment or
compensation.

12.           Legend.  The Company may at any time place legends
referencing any applicable federal, state or foreign securities law restrictions
on all certificates representing Shares issued pursuant to this Agreement.  The Participant shall, at the request of the
Company, promptly present to the Company any and all certificates representing
Shares acquired pursuant to this Agreement in the possession of the Participant
in order to carry out the provisions of this Section.

13.           Securities
Representations.  The
grant of the SARs and issuance of Shares upon exercise of the SARs shall be
subject to, and in compliance with, all applicable requirements of federal,
state or foreign securities law.  No
Shares may be issued hereunder if the issuance of such Shares would constitute
a violation of any applicable federal, state or foreign securities laws or other
law or regulations or the requirements of any stock exchange or market system
upon which the Shares may then be listed. 
As a condition to the exercise of the SARs, the Company may require the
Participant to satisfy any qualifications that may be necessary or appropriate,
to evidence compliance with any applicable law or regulation.

                The
Shares are being issued to the Participant and this Agreement is being made by
the Company in reliance upon the following express representations and
warranties of the Participant.  The
Participant acknowledges, represents and warrants that:

                (a)   He or she has been advised that he or she
may be an “affiliate” within the meaning of Rule 144 under the Securities Act
of 1933, as amended (the “Act”), currently or at 

 

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the time he or she desires to sell the Shares
acquired upon exercise of the SARs,  and in this connection the Company is relying
in part on his or her representations set forth in this section.

                (b)   If he or she is deemed an affiliate within
the meaning of Rule 144 of the Act, the Shares must be held indefinitely unless
an exemption from any applicable resale restrictions is available or the
Company files an additional registration statement (or a “re-offer prospectus”)
with regard to such Shares and the Company is under no obligation to register
the Shares (or to file a “re-offer prospectus”).

                (c)   If he or she is deemed an affiliate within
the meaning of Rule 144 of the Act, he or she understands that the exemption
from registration under Rule 144 will not be available unless (i) a public
trading market then exists for the Common Stock of the Company, (ii) adequate
information concerning the Company is then available to the public, and (iii)
other terms and conditions of Rule 144 or any exemption therefrom are complied
with; and that any sale of the Shares may be made only in limited amounts in
accordance with such terms and conditions.

14.          Miscellaneous.  This Agreement shall inure to the benefit of
and be binding upon the parties hereto and their respective heirs, legal
representatives, successors and assigns.

(a)           This Agreement shall be governed and
construed in accordance with the laws of Delaware (regardless of the law that
might otherwise govern under applicable Delaware principles of conflict of
laws).

(b)           This Agreement may be executed in one
or more counterparts, all of which taken together shall constitute one
contract.

(c)           The failure of any party hereto at
any time to require performance by another party of any provision of this
Agreement shall not affect the right of such party to require performance of
that provision, and any waiver by any party of any breach of any provision of
this Agreement shall not be construed as a waiver of any continuing or
succeeding breach of such provision, a waiver of the provision itself, or a
waiver of any right under this Agreement.

IN
WITNESS WHEREOF, the parties have executed this Agreement on the date and year
first above written.

	
   

  	
   

  	
   

  	
  MAIDENFORM BRANDS, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Date:

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
  Authorized
  Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Date:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Participant

  

 

5Exhibit 10.10(b)

RESTRICTED
STOCK AGREEMENT

PURSUANT TO THE

MAIDENFORM BRANDS, INC. 2005 STOCK INCENTIVE PLAN

 

THIS
AGREEMENT  (the “Agreement”), made as of the __ day of __________, 200_
(the “Grant Date”), by and between Maidenform Brands, Inc. (the “Company”) and
___________ (the “Participant”).

W  I  T  N
E  S  S  E  T  H:

WHEREAS, the Company has adopted the Maidenform Brands, Inc. 2005 Stock
Incentive Plan (the “Plan”), a copy of which has been delivered to the
Participant, which is administered by a committee appointed by the Company’s
Board of Directors (the “Committee”);

WHEREAS, pursuant to Section 8.1 of the Plan, the Committee may grant to
Eligible Employees shares of common stock of the Company, par value $0.01 per
share (“Common Stock” or the “Shares”) in the amount set forth below;

WHEREAS, the Participant is an Eligible Employee under the Plan; and

WHEREAS, such Shares are to be subject to certain restrictions.

NOW, THEREFORE, for and in consideration of the mutual promises herein contained, and
for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties agree as follows:

1.             Grant of Shares.  Subject to the restrictions, terms and
conditions of this Agreement, the Company hereby awards to the Participant
[_________] shares of validly issued Common Stock.  If the Participant is a new hire, to the
extent required by law, the Participant shall pay the Company the par value
($0.01) for each Share awarded to the Participant simultaneously with the execution
of this Agreement.  If the Participant is
a continuing employee, the grant of this Award shall be deemed a bonus in
consideration of past services to the extent of the aggregate par value of the
Shares so awarded.    Pursuant to
Section 2 hereof, the Shares are subject to certain restrictions, which
restrictions relate to the passage of time as an employee of the Company or its
Affiliates.  While such restrictions are
in effect, the Shares subject to such restrictions shall be referred to herein
as “Restricted Stock.”

2.             Restrictions on
Transfer.  The Participant
shall not sell, transfer, pledge, hypothecate, assign or otherwise dispose of
the Shares, except as set forth in the Plan or Agreement.  Any attempted sale, transfer, pledge,
hypothecation, assignment or other disposition of the Shares in violation of
the Plan or this Agreement shall be void and of no effect and the Company shall
have the right to disregard the same on its books and records and to issue
“stop transfer” instructions to its transfer agent.

3.             Restricted Stock.

(a)           Retention
of Certificates.  Promptly
after the date of this Agreement, the Company shall issue stock certificates
representing the Restricted Stock unless it elects to recognize such ownership
through uncertificated book entry or another similar method pursuant to Section
8 herein.  The stock certificates shall
be registered in the Participant’s name and shall bear any legend required
under the Plan or Section 4 of this Agreement. 
Such stock certificates shall be held in custody by the Company (or its
designated agent) until the restrictions thereon shall have lapsed.  Upon the Company’s request, the Participant
shall deliver to the Company a duly signed stock power, endorsed in blank,
relating to the Restricted Stock.

(b)           Rights
with Regard to Restricted Stock. 
The Participant will have the right to vote the Restricted Stock, to
receive and retain any dividends payable to holders of Shares of 

 

 

 

record on and after the
transfer of the Restricted Stock (although such dividends shall be treated, to
the extent required by applicable law, as additional compensation for tax
purposes if paid on Restricted Stock), and to exercise all other rights, powers
and privileges of a holder of Common Stock with respect to the Restricted Stock
set forth in the Plan, with the exceptions that:  (i) the Participant will not be entitled
to delivery of the stock certificate or certificates representing the
Restricted Stock until the Restriction Period shall have expired; (ii) the
Company (or its designated agent) will retain custody of the stock certificate
or certificates representing the Restricted Stock and the other RS Property (as
defined below) during the Restriction Period; (iii) no RS Property shall
bear interest or be segregated in separate accounts during the Restriction
Period; (iv) any RS Property will be subject to the restrictions provided
in Sections 3(c), 3(d) and 3(e); and (v) the Participant may not sell,
assign, transfer, pledge, exchange, encumber or dispose of the Restricted Stock
during the Restriction Period.

(c)           Treatment
of Dividends and Other RS Property.  In the event the Participant receives a
dividend on the Restricted Stock or the Shares of Restricted Stock are split or
the Participant receives any other shares, securities, moneys or property
representing a dividend on the Restricted Stock or representing a distribution
or return of capital upon or in respect of the Restricted Stock or any part
thereof, or resulting from a split-up, reclassification or other like changes
of the Restricted Stock, or otherwise received in exchange therefor, and any
warrants, rights or options issued to the Participant in respect of the
Restricted Stock (collectively “RS Property”), the Participant will also
immediately deposit with and deliver to the Company any of such RS Property,
including any certificates representing shares duly endorsed in blank or
accompanied by stock powers duly executed in blank, and such RS Property shall
be subject to the same restrictions, including those of Sections 3(d) and 3(e),
as the Restricted Stock with regard to which they are issued and shall herein
be encompassed within the term “Restricted Stock.”  Unless otherwise determined by the Committee,
any RS Property issued in the form of cash will not be reinvested in Shares and
will be held uninvested and without interest until delivered to the Participant
at the end of the Restriction Period, if the related Restricted Stock becomes
vested.

(d)           Vesting.

(i)            The Restricted Stock granted
pursuant to Section 1 above shall vest and cease to be Restricted Stock (but
shall remain subject to Section 5 of this Agreement) in equal annual
installments on each of the first four anniversaries of the Grant Date (i.e.,
one quarter per year), provided that the Participant has not incurred a
Termination of Employment prior to the applicable vesting date.

(ii)           There shall be no proportionate or
partial vesting in the periods prior to the vesting date and all vesting shall
occur only on the vesting date; provided that no Termination of Employment has
occurred prior to such date.

(iii)          In the event of a
Termination of Employment without Cause or for Good Reason (as defined in the
Participant’s employment agreement with the Company), or due to non-renewal by
the Company of such employment agreement, or upon the Participant’s death or
Disability (or term or concept of like import, as defined in the Participant’s
employment agreement with the Company) 
(each, an “Acceleration Event”) prior to the fourth anniversary of the
date of grant, then any remaining unvested Shares of Restricted Stock that
would have vested if the Participant’s employment had continued for an
additional twelve (12) months shall become vested on the date of such
Acceleration Event and cease to be Restricted Stock (but shall remain subject
to Section 5 of the Agreement).The Shares of Restricted Stock will become fully
vested on a Change in Control.

 

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(iv)          When any Shares of Restricted Stock
become vested, the Company shall promptly issue and deliver, unless the Company
is using book entry, to the Participant a new stock certificate registered in
the name of the Participant for such Shares without the legend set forth in
Section 4 hereof and deliver to the Participant any related other RS Property,
subject to applicable withholding.

(e)           Forfeiture.  The Participant shall forfeit to the Company,
without compensation, other than repayment of any par value paid in cash by the
Participant for such Shares, any and all unvested Restricted Shares upon the
Participant’s Termination of Employment for any reason.  Additionally, in the event the Participant
engages in Detrimental Activity prior to, or during the one year period after,
any vesting of Restricted Stock, the Committee may direct that all unvested
Restricted Stock shall be immediately forfeited to the Company and the
Participant shall pay to the Company an amount equal to the Fair Market Value
at the time of vesting of any Restricted Stock which had vested in the period
referred to above.

(f)            Withholding.  The Participant shall pay, or make
arrangements to pay, in a manner satisfactory to the Company, an amount equal
to the amount of all applicable foreign, federal, state, provincial and local
taxes that the Company is required to withhold at any time.  In the absence of such arrangements, any
statutorily required withholding obligation may, as determined at the sole
discretion of the Committee, be satisfied by delivery to the Company of Shares
of Common Stock issuable under this Agreement equal to the statutorily required
withholding obligation.

(g)           Section
83(b).  If the Participant
properly elects (as permitted by Section 83(b) of the Code) within 30 days
after the issuance of the Restricted Stock to include in gross income for
federal income tax purposes in the year of issuance the fair market value of
such Shares of Restricted Stock, the Participant shall pay to the Company or
make arrangements satisfactory to the Company to pay to the Company upon such
election, any federal, state or local taxes required to be withheld with
respect to the Restricted Stock.  The
Participant acknowledges that it is his or her sole responsibility, and not the
Company’s, to file timely and properly the election under Section 83(b) of the
Code and any corresponding provisions of state tax laws if he or she elects to
utilize such election.

(h)           Delivery
Delay.  The delivery of
any certificate representing the Restricted Stock or other RS Property may be
postponed by the Company for such period as may be required for it to comply
with any applicable foreign, federal, state or provincial securities law, or
any national securities exchange listing requirements and the Company is not
obligated to issue or deliver any securities if, in the opinion of counsel for
the Company, the issuance of such Shares shall constitute a violation by the
Participant or the Company of any provisions of any applicable foreign,
federal, state or provincial law or of any regulations of any governmental
authority or any national securities exchange.

4.             Legend.  All certificates representing the Restricted
Stock shall have endorsed thereon the following legends:

(a)           “The anticipation, alienation,
attachment, sale, transfer, assignment, pledge, encumbrance or charge of the
shares of stock represented hereby are subject to the terms and conditions
(including forfeiture) of the Maidenform Brands, Inc. 2005 Stock Incentive Plan
(the “Plan”) and an Award Agreement (“Award Agreement”) entered into between
the registered owner and the Company. 
Copies of such Plan and Award Agreement are on file at the principal
office of the Company.”

(b)           Any legend required to be placed
thereon by applicable blue sky laws of any state.

Notwithstanding
the foregoing, in no event shall the Company be obligated to deliver a
certificate representing the Restricted Stock prior to the vesting date set
forth above.

5.             Securities
Representations.  The
Shares are being issued to the Participant and this Agreement is being made by
the Company in reliance upon the following express representations and
warranties of the Participant.

The
Participant acknowledges, represents and warrants that:

 

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(a)           He or she has been advised that he or
she may be an “affiliate” within the meaning of Rule 144 under the Securities
Act of 1933, as amended (the “Act”), currently or at the time he or she desires
to sell the Shares following the vesting of the Restricted Stock, and in this
connection the Company is relying in part on his or her representations set
forth in this section.

(b)           If he or she is deemed an affiliate
within the meaning of Rule 144 of the Act, the Shares must be held indefinitely
unless an exemption from any applicable resale restrictions is available or the
Company files an additional registration statement (or a “re-offer prospectus”)
with regard to such Shares and the Company is under no obligation to register
the Shares (or to file a “re-offer prospectus”).

(c)           If he or she is deemed an affiliate
within the meaning of Rule 144 of the Act, he or she understands that the
exemption from registration under Rule 144 will not be available unless (i) a
public trading market then exists for the Common Stock of the Company, (ii)
adequate information concerning the Company is then available to the public,
and (iii) other terms and conditions of Rule 144 or any exemption therefrom are
complied with; and that any sale of the Shares may be made only in limited
amounts in accordance with such terms and conditions.

6.             No Obligation to
Continue Employment.  This
Agreement is not an agreement of employment. 
This Agreement does not guarantee that the Company or its Affiliates
will employ or retain, or to continue to, employ or retain the Participant
during the entire, or any portion of the, term of this Agreement, including but
not limited to any period during which the Restricted Stock is outstanding, nor
does it modify in any respect the Company or its Affiliate’s right to terminate
or modify the Participant’s employment or compensation.

7.             Power of Attorney.  The Company, its successors and assigns, is
hereby appointed the attorney-in-fact, with full power of substitution, of the
Participant for the purpose of carrying out the provisions of this Agreement
and taking any action and executing any instruments which such attorney-in-fact
may deem necessary or advisable to accomplish the purposes hereof, which
appointment as attorney-in-fact is irrevocable and coupled with an
interest.  The Company, as
attorney-in-fact for the Participant, may in the name and stead of the
Participant, make and execute all conveyances, assignments and transfers of the
Restricted Stock, Shares and property provided for herein, and the Participant
hereby ratifies and confirms all that the Company, as said attorney-in-fact,
shall do by virtue hereof.  Nevertheless,
the Participant shall, if so requested by the Company, execute and deliver to
the Company all such instruments as may, in the judgment of the Company, be
advisable for the purpose.

8.             Uncertificated
Shares.  Notwithstanding
anything else herein, to the extent permitted under applicable foreign,
federal, state or provincial law, the Committee may issue the Shares in the
form of uncertificated shares.  Such
uncertificated shares of Restricted Stock shall be credited to a book entry
account maintained by the Company (or its designee) on behalf of the
Participant.  If thereafter certificates
are issued with respect to the uncertificated shares of Restricted Stock, such
issuance and delivery of certificates shall be in accordance with the
applicable terms of this Agreement.

9.             Rights as a
Stockholder.  The
Participant shall have all rights of a stockholder with respect to any Shares
covered by the Restricted Stock, except with respect to the right to Transfer
any Shares covered by the Restricted Stock during the Restriction Period or
except as otherwise specifically provided for in this Agreement or the Plan.

10.           Provisions of Plan
Control.  This Agreement
is subject to all the terms, conditions and provisions of the Plan, including,
without limitation, the amendment provisions thereof, and to such rules,
regulations and interpretations relating to the Plan as may be adopted by the
Committee and as may be in effect from time to time.  The Plan is incorporated herein by
reference.  By signing and returning this
Agreement, the Participant acknowledges having received and read a copy of the
Plan and agrees to comply with it, this Agreement and all applicable laws and
regulations.  Capitalized terms in this
Agreement that are not otherwise defined shall have the same meaning as set
forth in the Plan.  If and to the extent
that this Agreement conflicts or is inconsistent with the terms, conditions and
provisions of the Plan, the Plan

 

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shall control, and this
Agreement shall be deemed to be modified accordingly.  This Agreement contains the entire
understanding of the parties with respect to the subject matter hereof and
supersedes any prior agreements between the Company and the Participant with
respect to the subject matter hereof.

11.           Amendment.  To the extent applicable, the Board or
the Committee may at any time and from time to time amend, in whole or in part,
any or all of the provisions of this Agreement to comply with Section 409A of
the Code and the regulations thereunder or any other applicable law and may
also amend, suspend or terminate this Agreement subject to the terms of the
Plan.  Except as otherwise provided in
the Plan, no modification or waiver of any of the provisions of this Agreement
shall be effective unless in writing by the party against whom it is sought to be enforced.  The
award of Restricted Stock pursuant to this Agreement is not intended to be
considered “deferred compensation” for purposes of Section 409A of the
Code.  With respect to any dividends and
other RS Property, however, this Agreement is intended to comply with the
applicable requirements of Section 409A of the Code relating to “short-term
deferrals” thereunder, and shall be limited, construed and interpreted in a
manner so as to comply therewith.

12.           Notices.  Any notice or communication given
hereunder shall be in writing and shall be deemed to have been duly given when
delivered in person, or by regular United States mail, first class and prepaid,
to the appropriate party at the address set forth below (or such other address
as the party shall from time to time specify):

If to the Company, to:

Maidenform Brands, Inc.

154 Avenue E

Bayonne, New Jersey  07002

Attention:  General Counsel

If to the Participant, to the
address on file with the Company.

13.           Acceptance.  As required by Section 8.2(a) of the Plan,
the Participant must accept this award of Restricted Stock by executing this
Agreement within a period of 60 days from the date the Participant receives
this Agreement (or such other period as the Committee shall provide).  In the event that the Restricted Stock is not
accepted within such time period, this Agreement shall be null and void ab
initio and this award of Restricted Stock shall not be valid.

14.           Miscellaneous.

(a)           This Agreement shall inure to the
benefit of and be binding upon the parties hereto and their respective heirs,
legal representatives, successors and assigns.

(b)           This Agreement shall be governed and construed
in accordance with the laws of Delaware (regardless of the law that might
otherwise govern under applicable Delaware principles of conflict of laws).

(c)           This Agreement may be executed in one
or more counterparts, all of which taken together shall constitute one
contract.

(d)           The failure of any party hereto at
any time to require performance by another party of any provision of this
Agreement shall not affect the right of such party to require performance of
that provision, and any waiver by any party of any breach of any provision of
this Agreement shall not be construed as a waiver of any continuing or
succeeding breach of such provision, a waiver of the provision itself, or a
waiver of any right under this Agreement.

 

5

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as
of the day and year first above written.

	
   

  	
   

  	
   

  	
   

  	
  MAIDENFORM BRANDS, INC.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Date:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Date:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  (Participant)

  

 

 

6

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