Document:

Form of Restricted Stock Award

 Exhibit 10.12 
  

					
	 	  	 	  	 Shares of Restricted Stock Awarded:

			
	 	  	 	  	 Share Price at Grant Date: 

	 	  	 	  	 Shares multiplied by Price: 

  
 Grant Date: November 17, 2004

  
 Participant’s Name: 
  
 Dear Participant, 
  
 CHRW MANAGEMENT RESTRICTED STOCK PROGRAM 
  
 I am pleased to advise you that you have been selected to receive shares of C.H. Robinson Worldwide, Inc. (the “Company”)
restricted stock under the CHRW Management Restricted Stock Program. The Company is permitted under the terms of its 1997 Omnibus Stock Plan to issue its shares and other derivative securities to employees at various times and in various forms. The
Company has also established a nonqualified, defined contribution plan of deferred compensation for the benefit of certain eligible employees known as the “Robinson Companies Nonqualified Deferred Compensation Plan” (the “Deferred
Compensation Plan”). The Deferred Compensation Plan provides, in part, that the Company may, in its sole discretion, make discretionary credits to the account of a participant, subject to such terms and conditions established by the Company.

  
 In accordance with the terms of the Deferred Compensation Plan, your account
in the Deferred Compensation Plan has been awarded an employer discretionary credit in the form of             shares of C.H. Robinson Worldwide, Inc. restricted common stock. The shares of
restricted stock are subject to the terms and conditions contained in the Deferred Compensation Plan and in the 1997 Omnibus Stock Plan (unless expressly modified below), and will be vested, earned and delivered as outlined below. 
  
 PROGRAM OUTLINE 
  

	 	1.	Participant’s account in the Deferred Compensation Plan will be credited with restricted stock of the Company. 

  

	 	2.	Beginning on December 31, 2004, and on each December 31 thereafter through December 31, 2008, a portion of the restricted shares will vest, but only if and only to the extent that
the Company’s Vesting Indicator (VI) is greater than zero for the respective year, as determined by the Compensation Committee of the Company’s Board of Directors. The VI is defined as the sum of 5 percentage points plus the average of the
following items (A) and (B) rounded to the nearest whole percentage: (A) the percentage increase of 

  

 Page 1 of 5 

 Company income from operations for the current year over the prior year rounded to two decimals and (B)
the percentage increase in Company diluted net income per share for the current year over the prior year rounded to two decimals. 
  
 Example 
  

										
	 	  	Prior Year

	  	Current Year

	  	Percentage
Increase

	 
	 Income from Operations (A)
	  	$	156,580,000	  	$	178,501,200	  	14.00 	%
	 Diluted EPS (B)
	  	 	1.12	  	 	1.29	  	15.18	 
	 Average Percentage Increase of (A) and (B)
	  	 	 	  	 	 	  	14.59	 
	 Add: 5 Percentage Points
	  	 	 	  	 	 	  	19.59	 
	 Rounded to the Nearest Whole Percentage
	  	 	 	  	 	 	  	VI=20.00	%

  

	 	3.	In determining how many shares are vested at the end of each year, the VI is multiplied by the original restricted stock grant and then rounded to the nearest whole share.

  
 Example  
  

										
	 	  	Year 1

	 	 	Year 2

	 	 	Year 3

	 
	 Restricted Stock Grant: 1,333 shares
	  	 	 	 	 	 	 	 	 
	 VI:
	  	20	%	 	12	%	 	26	%
	 Rounded Number of Shares Vested on Dec. 31:
	  	267	 	 	160	 	 	347	 

  

	 	4.	The Compensation Committee’s calculation of VI shall be final, and the Compensation Committee retains the discretion to eliminate unusual items, if any, for purposes of
calculating the VI for any particular year. 

  

	 	5.	Participant’s restricted stock will vest only while the Participant is employed by the Company. A Participant must be an employee of the Company on December 31 of a particular
year in order to vest in any shares for that year. If a Participant’s employment is terminated, whether voluntarily or involuntarily, prior to vesting of any restricted stock, any shares remaining unvested as of the date of termination will be
forfeited and deleted from Participant’s account, and the Participant will retain no rights with respect to the forfeited shares. Vesting will not be accelerated on account of death or disability. 

  

	 	6.	Participant’s restricted stock may vest pursuant to paragraph 2 above with respect to this award for up to 5 years (and may vest in less than 5 years if the VI during such time
period is sufficiently high enough). Any shares remaining unvested after December 31, 2008 will be forfeited and deleted from Participant’s account, and the Participant will retain no rights with respect to the forfeited shares.

  

 Page 2 of 5 

	 	7.	Notwithstanding the foregoing, Participants who embezzle or misappropriate Company funds or property will automatically forfeit all restricted stock awarded, whether vested or
unvested, and will retain no rights with respect to such shares. 

  

	 	8.	Vested shares shall be delivered to Participant from the Deferred Compensation Plan in 5 equal annual installments beginning 6 months after terminating employment regardless of the
reason for termination. 

  

	 	9.	Restricted stock may not be sold, exchanged, assigned, transferred, discounted, pledged or otherwise disposed of at any time prior to delivery of the vested shares from the Deferred
Compensation Plan. Participant will be entitled to receive dividend equivalents on the shares of restricted stock credited to Participant’s account, whether vested or unvested, when and if dividends are declared by the Company’s Board of
Directors on the Company’s common stock, in an amount of cash per share equal to and on the same payment dates as other common stockholders of the Company. Dividend equivalents paid before delivery of the shares from the Deferred Compensation
Plan will be treated as compensation income for tax purposes and will be subject to income and payroll tax withholding by the Company. 

  

	 	10.	In order to comply with all applicable federal or state income tax laws or regulations, at the time that the shares are delivered to the Participant, the Company will withhold taxes
based on the Fair Market Value of the shares at the time of delivery. In order to satisfy any such tax withholding obligation, the Company will withhold a portion of the shares otherwise to be delivered with a Fair Market Value equal to the amount
of such taxes. “Fair Market Value” for a share shall mean the last sale price of a share of the Company’s common stock on the Nasdaq National Market (or other national securities exchange on which the Company’s common stock is
then listed) on the trading date immediately preceding the date the shares are delivered to the Participant. If the Company’s common stock is not then traded in an established securities market, the Compensation Committee of the Board of
Directors shall determine Fair Market Value in accordance with the 1997 Omnibus Stock Plan. 

  

	 	11.	This restricted stock award shall confer no rights of continued employment to the Participant, nor will it interfere in any way with the right of the Company to terminate such
employment at any time. The Company retains all rights to enforce any other agreement or contract that the Company has with the Participant. 

  

 Page 3 of 5 

	 	12.	If there shall be any change in the Company’s common stock through merger, consolidation, reorganization, recapitalization, dividend in the form of stock (of whatever amount),
stock split or other change in the corporate structure of the Company, appropriate adjustments shall be made in the number of restricted shares that are vested or unvested under this agreement in order to prevent dilution or enlargement of rights.

  

	 	13.	In the event of a Change in Control, the Compensation Committee may, in its discretion, accelerate the vesting of the restricted shares. A “Change in Control” shall be
deemed to occur on the date (i) a public announcement (which, for purposes of this definition, shall include, without limitation, a report filed pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended) is made by the Company or
any Person (as defined below) that such Person beneficially owns more than 50% of the Common Stock outstanding, (ii) the Company consummates a merger, consolidation or statutory share exchange with any other Person in which the surviving entity
would not have as its directors at least 60% of the Continuing Directors (as defined below) and would not have at least 60% of its common stock owned by the common shareholders of the Company prior to such merger, consolidation or statutory share
exchange, (iii) a majority of the Board of Directors is not comprised of Continuing Directors or (iv) a sale or disposition of all or substantially all of the assets of the Company or the dissolution of the Company. A “Continuing Director”
is a director recommended by the Board of Directors of the Company for election as a director of the Company by stockholders. “Person” means any individual, firm, corporation or other entity, and shall include any successor (by merger or
otherwise) of such entity. 

  

	 	14.	This restricted stock award is made pursuant to the Deferred Compensation Plan and the Company’s 1997 Omnibus Stock Plan and is subject to the terms of such plans. Participant
may request a copy of either or both plans from the Company. By participating in the CHRW Management Restricted Stock Program, Participant shall be deemed to have accepted all the conditions of the Deferred Compensation Plan and the 1997 Omnibus
Stock Plan and this agreement, and the terms and conditions of any rules adopted by the Committee (as defined in the 1997 Omnibus Stock Plan) and shall be fully bound thereby. This agreement shall be construed under the laws of the state of
Minnesota. 

  

 Page 4 of 5 

 The Company is enthusiastic about this program as it feels that the more incentives it can provide, the more vitally and
personally interested and involved the Participants will be in making C.H. Robinson Worldwide a bigger and better company. 
  

			
	 Sincerely,

	
	 C.H. Robinson Worldwide, Inc.

		
	 By:
	 	/s/ John P. Wiehoff
	 	 	John P. Wiehoff
	 	 	Chief Executive Officer

  
  

 Page 5 of 5Form of Notice of Stock Option Grant

 EXHIBIT 10.2 
  
 ENTRAVISION COMMUNICATIONS CORPORATION 
  
 2000 OMNIBUS EQUITY INCENTIVE PLAN 
  
 NOTICE OF STOCK OPTION GRANT 
 AND STOCK OPTION AGREEMENT 
  
 You have been granted the following option to purchase Class A Common Stock of Entravision Communications Corporation, a Delaware corporation (the “Company”): 
  

			
		
	Name of Optionee:	  	_________________
		
	Total Number of Shares Granted:	  	             Incentive Stock Options
(ID#            )
		
	 	  	             Nonstatutory Stock Options (ID
#            )
		
	Exercise Price Per Share:	  	$                                   
 
		
	Date of Grant:	  	_________________
		
	Vesting Commencement Date:	  	_________________
		
	Vesting Schedule:	  	Total Number of Shares Granted will vest at         % per year for          year[s] as
follows:
		
	 	  	_________________
		
	Expiration Date:	  	                    , 20    

  
 By the signature of
the Company’s representative below, this option is granted under and governed by the terms and conditions of the 2000 Omnibus Equity Incentive Plan (the “Plan”) and the Stock Option Agreement, both of which are attached to and made a
part of this document. 
  
 ENTRAVISION
COMMUNICATIONS CORPORATION 
  
 By:

  
 Name: 
  
 Title: 

 ENTRAVISION COMMUNICATIONS CORPORATION 
  
 2000 OMNIBUS EQUITY INCENTIVE PLAN 
  
 STOCK OPTION AGREEMENT 
  

	 Tax Treatment 
	 This option is intended to be an incentive stock option under Section 422 of the Internal Revenue Code or a nonstatutory option, as provided in
the Notice of Stock Option Grant. 

  

	 Vesting 
	 This option becomes exercisable in installments, as shown in the Notice of Stock Option Grant. In addition, this option becomes exercisable in
full if either of the following events occurs: 

  

	 	 •     your service as an employee, consultant or director of the Company or a subsidiary of the
Company terminates because of death, total and permanent disability or retirement or after age 65; or 

  

	 	 •     the Company is subject to a “Change in Control” (as defined in the Plan) while you
are an employee, consultant or director of the Company or a subsidiary of the Company. However, the following rules apply: 

  

	 	 •     If this option is designated as an incentive stock option in the Notice of Stock Option
Grant, the acceleration of exercisability will not occur without your written consent. 

  

	 	 •     If the Company and the other party to the transaction constituting a Change in Control agree
that the transaction is to be treated as a “pooling of interests” for financial reporting purposes, and if the transaction in fact is so treated, then the acceleration of exercisability will not occur to the extent that the Company’s
independent accountants and the other party’s independent accountants each determine in good faith that the acceleration would preclude the use of “pooling of interests” accounting. 

  

	 	 No additional shares become exercisable after your service as an employee, consultant or director of the Company or a subsidiary of the Company
has terminated for any reason. 

  

	 Term 
	 This option expires in any event at the close of business at Company headquarters on the day before the tenth (10th) anniversary of the Date of
Grant, as shown in the Notice of Stock Option Grant. (It will expire earlier if your service terminates, as described below.) 

  

	 Regular Termination 
	 If your service as an employee, consultant or director of the Company or a subsidiary of the Company terminates for any

  

 2 

	 	 reason except death or total and permanent disability, then this option will expire at the close of business at Company headquarters on the date
three (3) months after your termination date. The Company determines when your service terminates for this purpose. 

  

	 Death 
	 If you die as an employee, consultant or director of the Company or a subsidiary of the Company, then this option will expire at the close of
business at Company headquarters on the date twelve (12) months after the date of death. 

  

	 Disability 
	 If your service as an employee, consultant or director of the Company or a subsidiary of the Company terminates because of your total and
permanent disability, then this option will expire at the close of business at Company headquarters on the date twelve (12) months after your termination date. 

  

	 	 For all purposes under this Agreement, “total and permanent disability” means that you are unable to engage in any substantial gainful
activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted, or can be expected to last, for a continuous period of not less than one (1) year.

  

	 Leaves of Absence 
	 For purposes of this option, your service does not terminate when you go on a military leave, a sick leave or another bona fide leave of absence,
if the leave was approved by the Company in writing and if continued crediting of service is required by the terms of the leave or by applicable law. But your service terminates when the approved leave ends, unless you immediately return to active
work. 

  

	 Restrictions on Exercise 
	 The Company will not permit you to exercise this option if the issuance of shares at that time would violate any law or regulation.

  

	 Notice of Exercise 
	 When you wish to exercise this option, you must notify Mellon Investor Services by filing the proper exercise worksheet at the address given on
the worksheet. Your worksheet must specify how many shares you wish to purchase. The worksheet will be effective when it is received by Mellon Investor Services. If someone else wants to exercise this option after your death, that person must prove
to the Company’s satisfaction that he or she is entitled to do so. 

  

	 Withholding Taxes and Stock Withholding 
	 You will not be allowed to exercise this option unless you make arrangements acceptable to the Company to pay any withholding taxes that may be
due as a result of the option exercise. These arrangements may include withholding shares of Company stock that otherwise would be issued to you when you exercise this option. The value of these shares, determined as of the effective date of the
option exercise, will be applied to the withholding taxes. 

	 	

  

 3 

	 Restrictions on Resale 
	 By accepting this Agreement, you agree not to sell any option shares at a time when applicable laws, Company policies or an agreement between the
Company and its underwriters prohibit a sale. This restriction will apply as long as you are an employee, consultant or director of the Company or a subsidiary of the Company. 

  

	 Transfer of Option 
	 Prior to your death, only you may exercise this option. You cannot transfer or assign this option. For instance, you may not sell this option or
use it as security for a loan. If you attempt to do any of these things, this option will immediately become invalid. You may, however, dispose of this option in your will or a written beneficiary designation. Such a designation must be filed with
the Company on the proper form and will be recognized only if it is received at Company headquarters before your death. 

  

	 Retention Rights 
	 Your option or this Agreement do not give you the right to be retained by the Company or a subsidiary of the Company in any capacity. The Company
and its subsidiaries reserve the right to terminate your service at any time, with or without cause. 

  

	 Stockholder Rights 
	 You, or your estate or heirs, have no rights as a stockholder of the Company until you have exercised this option by giving the required notice to
the Company and paying the exercise price. No adjustments are made for dividends or other rights if the applicable record date occurs before you exercise this option, except as described in the Plan. 

  

	 Adjustments 
	 In the event of a stock split, a stock dividend or a similar change in Company stock, the number of shares covered by this option and the exercise
price per share may be adjusted pursuant to the Plan. 

  

	 Applicable Law 
	 This Agreement will be interpreted and enforced under the laws of the State of Delaware (without regard to their choice of law provisions).

  

	 The Plan and Other Agreements 
	 The text of the Plan is incorporated in this Agreement by reference. 

  

	 	 This Agreement and the Plan constitute the entire understanding between you and the Company regarding this option. Any prior agreements,
commitments or negotiations concerning this option are superseded. This Agreement may be amended only by another written agreement, signed by both parties. 

  
 BY ACCEPTING THIS NOTICE OF STOCK OPTION GRANT THROUGH MELLON 
 INVESTOR SERVICES, YOU AGREE TO ALL OF THE TERMS AND CONDITIONS 
 DESCRIBED
THEREIN, IN THIS AGREEMENT AND IN THE PLAN. 
  
  

 4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00080-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00080-of-00352.parquet"}]]