SEC Contract Filing

Filing Date: 2017-05-03

Document Content:
<DOCUMENT>
<TYPE>EX-10.6
<SEQUENCE>7
<FILENAME>aaww-ex106_689.htm
<DESCRIPTION>EX-10.6
<TEXT>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.6</p>
<p style="margin-bottom:0pt;margin-top:12pt;text-align:center;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">ATLAS AIR WORLDWIDE HOLDINGS, INC.</p>
<p style="margin-bottom:0pt;text-align:center;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">RESTRICTED STOCK UNIT AGREEMENT</p>
<p style="margin-bottom:0pt;margin-top:12pt;text-indent:7.69%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">THIS RESTRICTED STOCK UNIT AGREEMENT, dated as of [&#9679;], 2017, between Atlas Air Worldwide Holdings, Inc. (the &#8220;Company&#8221;), a Delaware corporation, and [&#9679;] (the &#8220;Director&#8221;).</p>
<p style="margin-bottom:0pt;margin-top:12pt;text-indent:7.69%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Director has been granted the following award under the Company&#8217;s 2016 Incentive Plan (the &#8220;Plan&#8221;) on [Date] (the &#8220;Date of Grant&#8221;).</p>
<p style="margin-bottom:0pt;margin-top:12pt;text-indent:7.69%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein, and for other good and valuable consideration, the parties hereto agree as follows.</p>
<p style="margin-bottom:0pt;margin-top:12pt;text-indent:7.69%;color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.<font style="margin-left:36pt;"></font><font style="text-decoration:underline;color:#000000;">Award of Restricted Stock Units.</font><font style="color:#000000;"> Pursuant to the provisions of the Plan, the terms of which are incorporated herein by reference, the Director is hereby awarded [&#9679;]&#160;restricted stock units (&#8220;Restricted Stock Units&#8221;), which constitute the right to receive, without payment by the Director therefor, [&#9679;]&#160;shares of Stock on a deferred basis (the &#8220;Unit Award&#8221;), and the right to receive, without payment by the Director therefor, additional shares of Stock on a deferred basis, equal in value to the dividends, if any, which would have been paid with respect to the shares of Stock underlying the Unit Award had such shares of Stock been issued to the Director on the Date of Grant (the &#8220;Deferred Dividend Shares&#8221;), in each case subject to the terms and conditions of the Plan and those herein set forth.&nbsp;&nbsp;The Unit Award and the Deferred Dividend Shares are individually and collectively referred to herein as the &#8220;Award.&#8221; Capitalized terms used herein and not defined shall have the meanings set forth in the Plan.&nbsp;&nbsp;In the event of any conflict between this Agreement and the Plan, the Plan shall control.</font></p>
<p style="margin-bottom:0pt;margin-top:12pt;text-indent:7.69%;color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.<font style="margin-left:36pt;"></font><font style="text-decoration:underline;color:#000000;">Forfeiture Risk.</font><font style="color:#000000;">&nbsp;&nbsp;If the Director ceases to remain a member of the Board of Directors of the Company for any reason other than death or Disability (as defined below), any unvested portion of the Award (determined after taking account of the provisions of Section&#160;3) shall automatically and immediately be forfeited and terminated.</font></p>
<p style="margin-bottom:0pt;margin-top:12pt;text-indent:7.69%;color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.<font style="margin-left:36pt;"></font><font style="text-decoration:underline;color:#000000;">Vesting of Award; Treatment Upon Termination of Service.</font><font style="color:#000000;">&nbsp;&nbsp;Unless otherwise provided by the Compensation Committee, the Award shall be subject to the vesting schedule described in this Section&#160;3.</font></p>
<p style="margin-bottom:0pt;margin-top:12pt;text-indent:15.38%;color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(a)<font style="margin-left:36pt;"></font><font style="text-decoration:underline;color:#000000;">Vesting Generally.</font><font style="color:#000000;"> Subject to the following provisions of this Section&#160;3 and the other terms and conditions of this Agreement, the Unit Award shall become vested on the basis of one Restricted Stock Unit to one share of Stock, and the Deferred Dividend Shares shall become vested only upon the vesting of the underlying Restricted Stock Unit and only if a dividend has actually been declared and paid on the Stock as of the vesting date of the Restricted Stock Unit.&nbsp;&nbsp;The Unit Award will vest in its entirety on the first to occur of the following:&nbsp;&nbsp;(i)&#160;the first anniversary of the Date of Grant; (ii)&#160;the day of the Director&#8217;s death; (iii