SEC Contract Filing

Filing Date: 2015-03-11

Document Content:
<DOCUMENT>
<TYPE>EX-10.9
<SEQUENCE>2
<FILENAME>exhibit109restrictedstocka.htm
<DESCRIPTION>EXHIBIT 10.9
<TEXT>
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 <title>Exhibit 10.9 Restricted Stock Agreement</title>
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<a name="sD778593E391D22B562BEFF9FA21D7872"></a><div><div style="line-height:130%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:130%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:130%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT 10.9</font></div><div style="line-height:130%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">FORM OF TIME-BASED RESTRICTED STOCK GRANT AGREEMENT</font></div></div><br><div style="line-height:120%;padding-top:24px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">RESTRICTED STOCK GRANT AGREEMENT </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PURSUANT TO THE ERA GROUP INC. </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2012 SHARE INCENTIVE PLAN </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">RESTRICTED STOCK GRANT AGREEMENT</font><font style="font-family:inherit;font-size:10pt;">&#32;(the &#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Agreement</font><font style="font-family:inherit;font-size:10pt;">&#8221;), dated as of [date] (the &#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Date of Grant</font><font style="font-family:inherit;font-size:10pt;">&#8221;) between Era Group Inc., a Delaware corporation (the &#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Company</font><font style="font-family:inherit;font-size:10pt;">&#8221;), and [name] (the &#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Grantee</font><font style="font-family:inherit;font-size:10pt;">&#8221;). </font></div><div style="line-height:120%;padding-top:24px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">RECITALS: </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">WHEREAS,</font><font style="font-family:inherit;font-size:10pt;">&#32;the Company has adopted the Era Group Inc. 2012 Share Incentive Plan (the &#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Plan</font><font style="font-family:inherit;font-size:10pt;">&#8221;). Capitalized terms not otherwise defined herein shall have the same meanings as in the Plan; and </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">WHEREAS,</font><font style="font-family:inherit;font-size:10pt;">&#32;the Company has determined that it would be in the best interests of the Company and its stockholders to issue and grant to the Grantee pursuant to the Plan, for the purpose of attracting, motivating, and retaining select employees by providing employees with an interest in the growth and development of the Company, shares of the Company&#8217;s common stock, par value $0.01 (&#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Common Stock</font><font style="font-family:inherit;font-size:10pt;">&#8221;). The Grantee desires to accept shares of the Company&#8217;s Common Stock, upon the terms and subject to the conditions hereinafter provided; </font></div><div style="line-height:120%;padding-top:18px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOW, THEREFORE,</font><font style="font-family:inherit;font-size:10pt;">&#32;in consideration of the mutual covenants hereinafter set forth, the parties agree as follows: </font></div><div style="line-height:130%;padding-left:0px;padding-top:6px;text-align:justify;text-indent:0px;"><font style="padding-top:6px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:48px;">1.</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Grant of Restricted Stock.</font><font style="font-family:inherit;font-size:10pt;">&#32;Subject to the terms and conditions of the Plan and this Agreement, the Company hereby grants to the Grantee [number] shares of (restricted) Common Stock (the &#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Restricted Stock</font><font style="font-family:inherit;font-size:10pt;">&#8221;). Except as otherwise provided herein including, without limitation, the provisions of </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Paragraph 3</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">7</font><font style="font-family:inherit;font-size:10pt;">&#32;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">and</font><font style="font-family:inherit;font-size:10pt;">&#32;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">8</font><font style="fon