SEC Contract Filing

Filing Date: 2015-03-13

Document Content:
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<TYPE>EX-10.22
<SEQUENCE>2
<FILENAME>d846579dex1022.htm
<DESCRIPTION>EX-10.22
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<TITLE>EX-10.22</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 10.22 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INSTALLED BUILDING PRODUCTS, INC. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RESTRICTED STOCK AGREEMENT </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PURSUANT TO THE </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INSTALLED BUILDING PRODUCTS, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>2014 OMNIBUS INCENTIVE PLAN </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This RESTRICTED STOCK AGREEMENT (&#147;<B><U>Agreement</U></B>&#148;) is effective as of <B>[&#149;]</B>, 2015 by and between Installed
Building Products, Inc., a Delaware corporation (the &#147;<B><U>Company</U></B>&#148;), and <B>[&#149;]</B> (the &#147;<B><U>Participant</U></B>&#148;). </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Terms and Conditions </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Committee hereby grants to the Participant as an Eligible Employee of the Company or any of its Affiliates, as of <B>[&#149;]</B>, 2015
(the &#147;<B><U>Grant Date</U></B>&#148;), pursuant to the Installed Building Products, Inc. 2014 Omnibus Incentive Plan, as it may be amended from time to time (the &#147;<B><U>Plan</U></B>&#148;), the number of shares of the Company&#146;s Common
Stock set forth in <U>Section 1</U> below. Except as otherwise indicated, any capitalized term used but not defined herein shall have the meaning ascribed to such term in the Plan. A copy of the Plan has been delivered to the Participant. By signing
and returning this Agreement, the Participant acknowledges having received and read a copy of the Plan and agrees to comply with the Plan, this Agreement and all applicable laws and regulations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Accordingly, the parties hereto agree as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <B><U>Grant of Shares</U>.</B> Subject in all respects to the Plan and the terms and conditions set forth herein and therein, effective as
of the Grant Date, the Company hereby awards to the Participant <B>[&#149;]</B> shares of its Common Stock. Such shares are subject to certain restrictions set forth in <U>Section&nbsp;2</U> hereof, which restrictions shall lapse at the times
provided under <U>Section&nbsp;2(b)</U> hereof. For the period during which such restrictions are in effect, the shares of Common Stock subject to such restrictions are referred to herein as the &#147;<B><U>Restricted Stock</U>.</B>&#148; The
Restricted Stock, in the sole discretion of the Committee, shall be evidenced by a certificate or be credited to a book entry account maintained by the Company (or its designee) on behalf of the Participant and such certificate or book entry (as
applicable) shall be noted appropriately to record the restrictions on the Restricted Stock imposed hereby. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. <B><U>Restricted
Stock</U>. </B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <B><U>Rights as a Stockholder</U>.</B> Prior to the time the Restricted Stock is fully vested hereunder, (i)&nbsp;the
Participant shall have no right to tender shares of Restricted Stock, (ii)&nbsp;dividends or other distributions (collectively, &#147;dividends&#148;) on shares of Restricted Stock shall be withheld, in each case, while the Restricted Stock is
subject to restrictions, and (iii)&nbsp;in no event shall dividends or other distributions payable thereunder be paid unless and until the shares of Restricted Stock to which they relate no longer are subject to a risk of forfeiture. Dividends that
are not paid currently shall be credited to bookkeeping accounts on the Company&#146;s records for purposes of the Plan and shall not accrue interest. Such dividends shall be paid to the Participant in the same form as paid on the Common Stock upon
the lapse of the restrictions. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) <B><U>Vesting</U>.</B> The Restricted Stock shall vest and cease to be Restricted Stock (but
will remain subject to the terms of this Agreement and the Plan) <B>[</B><B>NON-SECTION 16 EMPLOYEES: on the first anniversary of the Grant Date</B>] [<B>SECTION 16 OFFICERS: in three equal installments on each of the first, second and third
anniversaries of the Grant Date</B><B>]</B>, <U>provided</U> that the Participant has not experienced a Termination prior to the applicable vesting date(s). There shall be no proportionate or partial vesting in the periods prior to the applicable
vesting date(s) and all vesting shall occur only on the applicable vesting date(s). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) <B><U>Forfeiture</U>.</B> The Participant shall
forfeit to the Compan