SEC Contract Filing

Filing Date: 2016-07-28

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex101q22016.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<div><a name="sA39E02FB6231141E58032E2EE67A9618"></a></div><div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><img src="brinksinducementrsugr_image1.jpg" style="height:26px;width:154px;"><font style="font-family:inherit;font-size:10pt;">&#32;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Exhibit 10.1</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">PERSONAL &amp; CONFIDENTIAL</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">To: &#160;&#160;&#160;&#160;Douglas Allen Pertz</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">From:&#160;&#160;&#160;&#160;McAlister C. Marshall, II</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Date:&#160;&#160;&#160;&#160;June 9, 2016</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Subject:&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Inducement Restricted Stock Unit (RSU) Award Agreement</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:110%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:150%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">On June 9, 2016 (the &#8220;Grant Date&#8221;), the Compensation and Benefits Committee of the Board of Directors of The Brink&#8217;s Company (the &#8220;Company&#8221;), in accordance with the terms of The Brink&#8217;s Company 2013 Equity Incentive Plan (the &#8220;Plan&#8221;), granted you this award (this &#8220;Award&#8221;) of 91,770 restricted stock units (&#8220;RSUs&#8221;). Subject to attainment of the applicable vesting conditions, each RSU represents the right to a future payment of one share of common stock of the Company (a &#8220;Share&#8221;). Capitalized terms that are used but not defined herein or in the Terms and Conditions attached hereto (collectively, this &#8220;Award Agreement&#8221;) shall have the meanings ascribed to such terms in the Plan. For purposes of this Award Agreement, the terms &#8220;Cause&#8221;, &#8220;Good Reason&#8221; and &#8220;Incapacity&#8221; shall have the meanings ascribed to such terms in the Offer Letter, dated as of June 9, 2016, between the Company and you (the &#8220;Offer Letter&#8221;).</font></div><div style="line-height:150%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:150%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Unless otherwise provided under this Award Agreement, subject to your continued employment by the Company or one of its Subsidiaries from the Grant Date through June 9, 2019 (the &#8220;Vesting Date&#8221;), and your continued holding of the &#8220;Purchased Stock&#8221; (as defined in the Offer Letter) through the Vesting Date (the &#8220;Holding Condition&#8221;), the Company shall deliver to you, as soon as practicable following the Vesting Date, 91,770 Shares. Notwithstanding the foregoing, no RSUs shall vest and no Shares shall be payable in respect of this Award unless, for the period commencing on July 1, 2016 and ending on June 30, 2017 (</font><font style="font-family:Arial;font-size:11pt;font-style:italic;">i.e.</font><font style="font-family:Arial;font-size:11pt;">, the first four fiscal quarters of the Company following the Grant Date) (the &#8220;Performance Period&#8221;), the Company realizes positive Non-GAAP income from continuing operations (the &#8220;Income Threshold&#8221;). For purposes of this Award Agreement, &#82