SEC Contract Filing

Filing Date: 2016-04-15

Document Content:
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<TYPE>EX-10.8
<SEQUENCE>16
<FILENAME>d172893dex108.htm
<DESCRIPTION>EX-10.8
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<TITLE>EX-10.8</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.8 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>2018 Accelerated Award Agreement </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>JARDEN CORPORATION 2013 STOCK INCENTIVE PLAN </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RESTRICTED STOCK AGREEMENT FOR </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>JAMES LILLIE </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1. <B><I>Award of
Restricted Stock</I></B>. Jarden Corporation (the &#147;Company&#148;) hereby grants, as of April&nbsp;13, 2016 (the &#147;Date of Grant&#148;), to James Lillie (the &#147;Recipient&#148;), 165,690 restricted shares of the Company&#146;s common
stock, par value $0.01 per share (collectively the &#147;Restricted Stock&#148;). The Restricted Stock shall be subject to the terms, provisions and restrictions set forth in this Agreement and the Jarden Corporation 2013 Stock Incentive Plan (the
&#147;Plan&#148;), which is incorporated herein for all purposes. As a condition to entering into this Agreement, and as a condition to the issuance of any Shares (or any other securities of the Company), the Recipient agrees to be bound by all of
the terms and conditions herein and in the Plan. Unless otherwise provided herein, capitalized terms used herein that are defined in the Plan and not defined herein shall have the meanings attributable thereto in the Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">2. <B><I>Vesting of Restricted Stock</I></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <B><I>Performance Conditions</I></B>. The shares of Restricted Stock shall become vested on the last day (such date, the &#147;Vesting
Date&#148;) of any five consecutive trading day period ending on or after January&nbsp;1, 2018 during which the average closing price of the Shares on the New York Stock Exchange (or such other securities exchange on which the Shares may then be
traded) equals or exceeds 105% of the closing price of a Share on the New York Stock Exchange (or such other securities exchange in which the Shares then may be traded) on December&nbsp;31, 2017, provided that the Vesting Date must occur, if at all,
prior to the fifth anniversary of the Date of Grant. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In the event that a Change of Control occurs during the Recipient&#146;s Continuous
Service, unless the Company is the surviving entity in the Change of Control and the Restricted Stock Award continues to be outstanding after the Change of Control of the Company on substantially the same terms and conditions as were applicable
immediately prior to the Change of Control, then the shares of Restricted Stock subject to this Agreement shall automatically and without any action on the part of the Recipient, shall become fully vested immediately prior to the Change in Control.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) <B><I>Definitions</I></B>. For purposes of this Agreement, the following terms shall have the meanings indicated: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><I></I>(i) &#147;<I>Non-Vested Shares</I>&#148; means any portion of the Restricted Stock subject to this Agreement that has not become vested
pursuant to this Section 2.<I> </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><I></I>(ii) &#147;<I>Vested Shares</I>&#148; means any portion of the Restricted Stock subject to this
Agreement that is and has become vested pursuant to this Section 2.<I> </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">3. <B><I>Delivery of Restricted Stock</I></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <B><I>Issuance of Stock Certificates and Legends</I></B>. One or more stock certificates evidencing the Restricted Stock shall be issued
in the name of the Recipient but shall be held and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>2018 Accelerated Award Agreement </B></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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retained by the Company until the date (the &#147;Applicable Date&#148;) on which the Shares (or a portion thereof) subject to this Restricted Stock award become Vested Shares pursuant to
Section&nbsp;2 hereof, subject to the provisions of Section&nbsp;4 hereof. All such stock certificates shall bear the following legend, along with such other legends that the Board or the Committee shall deem necessary and appropriate or which are
otherwise required or indicated pursuant to any applicable stockholders agreement: </P> <P STYLE="margin-top:6pt;