SEC Contract Filing

Filing Date: 2019-03-18

Document Content:
<DOCUMENT>
<TYPE>EX-10.17
<SEQUENCE>7
<FILENAME>mchx-ex1017_1105.htm
<DESCRIPTION>EX-10.17
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mchx-ex1017_1105.htm
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Exhibit 10.17 </font></p>
<p style="text-align:center;margin-bottom:0pt;margin-top:9pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">R<font style="font-size:7.5pt;">ESTRICTED</font> S<font style="font-size:7.5pt;">TOCK</font> A<font style="font-size:7.5pt;">GREEMENT</font> </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:7.5pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">UNDER<font style="font-size:10pt;"> </font>THE<font style="font-size:10pt;"> </font></p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">M<font style="font-size:7.5pt;">ARCHEX</font>, I<font style="font-size:7.5pt;">NC</font>. </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2012 S<font style="font-size:7.5pt;">TOCK</font> I<font style="font-size:7.5pt;">NCENTIVE</font> P<font style="font-size:7.5pt;">LAN</font> </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:4pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">G<font style="font-size:7.5pt;">RANTEE</font>: &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:4pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">N<font style="font-size:7.5pt;">O</font>. <font style="font-size:7.5pt;">OF</font> S<font style="font-size:7.5pt;">HARES</font>: &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </p>
<p style="margin-bottom:0pt;margin-top:9pt;text-indent:5.24%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This Agreement (the &#8220;<font style="font-weight:bold;font-style:italic;">Agreement</font>&#8221;) evidences the award of &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; restricted shares (each, an &#8220;<font style="font-weight:bold;font-style:italic;">Award Share</font>,&#8221; and collectively, the &#8220;<font style="font-weight:bold;font-style:italic;">Award Shares</font>&#8221;) of the Class B Common Stock of Marchex, Inc., a Delaware corporation (the &#8220;<font style="font-weight:bold;font-style:italic;">Company</font>&#8221;), granted to you, &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;, effective as of &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (the &#8220;<font style="font-weight:bold;font-style:italic;">Grant Date</font>&#8221;), pursuant to the Marchex, Inc. 2012 Stock Incentive Plan (the &#8220;<font style="font-weight:bold;font-style:italic;">Plan</font>&#8221;) and conditioned upon your agreement to the terms described below. All of the provisions of the Plan are expressly incorporated into this Agreement. </p>
<p style="margin-bottom:0pt;margin-top:9pt;text-indent:5.24%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1. <font style="text-decoration:underline;">Terminology</font>. Unless otherwise provided in this Agreement, capitalized words used herein are defined in the Glossary at the end of this Agreement or the Plan. </p>
<p style="margin-bottom:0pt;margin-top:9pt;text-indent:5.24%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2. <font style="text-decoration:underline;">Vesting</font>. </p>
<p style="margin-bottom:0pt;margin-top:9pt;text-indent:10.46%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(a) All of the Award Shares are nonvested and forfeitable as of the Grant Date. </p>
<p style="margin-bottom:0pt;margin-top:9pt;text-indent:10.46%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(b) [<font style="font-weight:bold;font-style:italic;">OFFICERS/EXECUTIVE OFFICERS/EMPLOYEES:</font> So long as your Service with the Company is continuous from the Grant Date through the applicable date upon which vesting is scheduled to occur, 25% of the Award Shares will vest and become nonforfeitable on each anniversary of the Grant Date, such that 100% of the Award Shares will be vested and nonforfeitable on the fourth anniversary of the Grant Date.] [<font style="font-weight:bold;font-style:italic;">DIRECTORS:</font> So long as your Service with the Company is continuous from the Grant Date through the applicable date upon which vesting is scheduled to occur, 100% of the Award Shares will vest and become nonforfeitable on the earlier of the first ann