SEC Contract Filing

Filing Date: 2015-01-05

Document Content:
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<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>d845626dex103.htm
<DESCRIPTION>EX-10.3
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<TITLE>EX-10.3</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 10.3 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>JARDEN CORPORATION </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>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 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FOR </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">James E. Lillie </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;<B>Company</B>&#148;) hereby grants, as of January&nbsp;2, 2015 (the &#147;<B>Date
of Grant</B>&#148;), to James E. Lillie (the &#147;Recipient&#148;), 186,513 restricted shares of the Company&#146;s common stock, par value $0.01 per share (collectively the &#147;<B>Restricted Stock</B>&#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;<B>Plan</B>&#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, 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="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"><B><I>Vesting of Restricted Stock.</I></B> </TD></TR></TABLE> <P STYLE="margin-top:6pt; 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 of any five consecutive trading day period 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 fifty dollars and twenty-eight cents per share ($50.28) (such date, the &#147;<U>Vesting Date</U>&#148;), 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 of the Company occurs during the Recipient&#146;s Continuous Service, the shares of Restricted
Stock subject to this Agreement shall become immediately vested as of the date of the Change of Control of the Company, unless either (i)&nbsp;the Company is the surviving entity in the Change of Control of the Company 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 of the Company or (ii)&nbsp;the successor company or its parent
company assumes or substitutes for the Restricted Stock Award, as determined in accordance with Section&nbsp;10(c)(ii) of the Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Except as otherwise provided in Section&nbsp;4 hereof, or in the Fourth Amended and Restated Employment Agreement, dated as of July&nbsp;23,
2012, as amended (the &#147;<U>Employment Agreement</U>&#148;), by and between the Company and the Recipient, there shall be no proportionate or partial vesting of shares of Restricted Stock in or during the months, days or periods prior to the
Vesting Date, and all vesting of shares of Restricted Stock shall occur only on the applicable Vesting Date. </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>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) &#147;<B><I>Change of Control of the Company</I></B>&#148; has the meaning assigned thereto
in the Employment Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ii) &#147;<B><I>Non-Vested Shares</I></B>&#148; means any portion of the Restricted Stock subject to this
Agreement that has not become vested pursuant to this Section&nbsp;2. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iii) &#147;<B><I>Vested Shares</I></B>&#148; means any portion of
the Restricted Stock subject to this Agreement that is and has become vested pursuant to this Section 2. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top"><B><I>Del