EXHIBIT 10(dd)
Form of Aaron Rents, Inc. 2001
Stock Option And IncentiveAward Plan
Restricted Stock Award
Agreement
THIS AGREEMENT, made and entered
into as of
the ,
by and between AARON RENTS, INC. (the “Company”)
and (“Grantee”).
WITNESSETH THAT:
WHEREAS, the Company maintains the
Aaron Rents, Inc. 2001 Stock Option and Incentive Award Plan (the
“Plan”), and the Grantee has been selected by the
Committee to receive a Restricted Stock Award under the
Plan;
NOW, THEREFORE, IT IS AGREED, by and
between the Company and the Grantee, as follows:
1.
Award of Restricted Stock
1.1
The Company hereby grants to the Grantee an award
of Shares
of restricted stock (“Restricted Stock”), subject to,
and in accordance with, the restrictions, terms and conditions set
forth in this Agreement and the Plan. The grant date of this
award of Restricted Stock
is (“Grant
Date”).
1.2
This Agreement shall be construed in accordance with and subject to
the provisions of the Plan (the provisions of which are
incorporated herein by reference) and, except as otherwise
expressly set forth herein, the capitalized terms used in this
Agreement shall have the same definitions as set forth in the
Plan.
2.
Restrictions
2.1
Subject to Sections 2.2, 2.3, and 2.4 below, if the Grantee remains
employed by the Company, the Grantee shall become fully vested in
the Restricted Stock
on (such
date shall be the “Vesting Date”). On the
Vesting Date, Grantee shall own the Shares of Restricted Stock free
and clear of all restrictions imposed by this Agreement (except
those imposed by Section 3.4 below). The Company shall
deliver a certificate(s) for the Shares of Restricted Stock to
Grantee as soon as practical after the Vesting Date. For
purposes of this Agreement, employment with any Subsidiary of the
Company, or service as a Director of the Company or any Subsidiary
of the Company, shall be considered employment with the
Company.
2.2
In the event prior to the Vesting Date Grantee dies while actively
employed by the Company, the Restricted Stock shall become fully
vested and nonforfeitable as of the date of Grantee’s
death. The Company shall deliver certificate(s) for the
Restricted Stock, free and clear of any restrictions imposed by
this Agreement (except for Section 3.4) to Grantee’s
personal
