TALEO CORPORATION
2009 EQUITY INCENTIVE
PLAN
RESTRICTED STOCK
AGREEMENT
Grant # ________
NOTICE OF
GRANT
Grantee
Address: [ADDRESS]
Taleo Corporation (the “Company”)
hereby awards you (the “Grantee”), [NUMBER
OF SHARES GRANTED] shares of restricted Common Stock of the Company
(the “Restricted Stock”) under the Company’s 2009
Equity Incentive Plan (the “Plan”). The date
of this Restricted Stock Agreement (the “Agreement”) is
[GRANT DATE] (the “Grant
Date”). Subject to the provisions of
Appendix A (attached hereto), the principal features of this
grant are as follows:
Total Number
of Shares of Restricted Stock: ______________
|
Scheduled Vesting Dates:
|
Number of Shares:
|
|
[DATE] (the
“Vesting Commencement Date”)
|
0
|
|
|
[1 year after
the Vesting Commencement Date;]*
|
[1/4th of the Shares of Restricted
Stock covered by this Agreement]
|
|
|
[thereafter, as
to one-sixteenth (1/16 th )
of the Shares of Restricted Stock covered by this Agreement on each
quarterly anniversary of the Vesting Commencement Date]*
|
[1/16 th of
the Shares of Restricted Stock covered by this
Agreement]
|
*Except as
otherwise provided in Appendix A [TO BE INCLUDED UNLESS THE
COMPENSATION COMMITTEE DETERMINES OTHERWISE: or in an employment or
other agreement entered into on or prior to the date of grant
between the Company and Grantee as referenced in Paragraph 3
of Appendix A], Grantee will not vest in the Restricted Stock
unless he or she is a Service Provider through the applicable
vesting date(s).
Grantee and the Company agree that this Award of
Restricted Stock is granted under and governed by the terms and
conditions of the Plan and this Agreement, including this Notice of
Grant and the Terms and Conditions of Restricted Stock Agreement,
attached hereto as Appendix A, all of which are made a part of this
document. For example, important additional
information on vesting and forfeiture of the Shares covered by this
grant is contained in Paragraphs 3 through 5 of
Appendix A. PLEASE BE SURE TO READ ALL OF
APPENDIX A, WHICH CONTAINS THE SPECIFIC TERMS AND CONDITIONS
OF THIS AGREEMENT. Grantee has reviewed the Plan and this
Agreement in their entirety, has had an opportunity to obtain the
advice of counsel prior to executing this Agreement and fully
understands all provisions of the Plan and
Agreement. Grantee hereby agrees to accept as binding,
conclusive and final all decisions or interpretations of the
Administrator upon any questions relating to the Plan and
Agreement. Grantee further agrees to notify the Company
upon any change in the residence address indicated
above.
Grantee acknowledges and agrees that by clicking
the [“ACCEPT”]OR[“ACKNOWLEDGE”] button on
the E*TRADE on-line grant agreement response page, it will act as
Grantee’s electronic signature to this Agreement and will
constitute Grantee’s acknowledgement of and agreement with
all of the terms and conditions of the Shares of
Restricted Stock, as set forth in this Agreement
and the Plan. Grantee may, if he or she prefers, sign,
date and return to the Company a paper copy of this
Agreement.
By: ______________________________
Title: ___________________________
APPENDIX A
TERMS AND CONDITIONS OF RESTRICTED
STOCK AGREEMENT
1. Award
. The Company hereby awards to the Grantee, as a
separate incentive in connection with his or her service and not in
lieu of any salary or other compensation for his or her services,
the number of Shares of Restricted Stock indicated on the first
page of this Agreement, subject to all of the terms and conditions
in this Agreement and the Plan. By accepting this Award
of Restricted Stock, the par value of $0.00001 for each Share of
Restricted Stock will be deemed paid by the Grantee by past
services rendered, and will be subject to the appropriate tax
withholdings.
2.
Shares Held in Escrow .
(a) All
Shares of Restricted Stock will, upon execution of this Agreement,
be issued in the name of the Grantee and delivered and deposited
with an Escrow Agent designated by the Company (the “Escrow
Agent”). The Shares of Restricted Stock will be
held by the Escrow Agent, and shall not be sold, transferred or
otherwise disposed of, and shall not be pledged or otherwise
hypothecated, until such time as the Shares of Restricted Stock
vest in the manner set forth in Paragraphs 3 or 4 or the date
Grantee ceases to be a Service Provider. The certificate
or certificates representing such Shares shall not be delivered by
the Escrow Agent to the Grantee unless and until the Shares have
vested and all other terms and conditions in this Agreement have
been satisfied.
(b) The
Escrow Agent will not be liable for any act it may do or omit to do
with respect to holding the Shares of Restricted Stock in escrow
while acting in good faith and in the exercise of its
judgment.
(c) Upon
Grantee’s termination as a Service Provider for any reason,
the Escrow Agent, upon receipt of written notice of such
termination, will take all steps necessary to accomplish the
transfer of the unvested Shares of Restricted Stock to the
Company. Grantee hereby appoints the Escrow Agent with
full power of substitution, as Grantee’s true and lawful
attorney-in-fact with irrevocable power and authority in the name
and on behalf of Grantee to take any action and execute all
documents and instruments, including, without limitation, stock
powers which may be necessary to transfer the certificate or
certificates evidencing such unvested Shares of Restricted Stock to
the Company upon such termination.
(d) The
Escrow Agent will take all steps necessary to accomplish the
transfer of Shares of Restricted Stock to Grantee after they vest
following Grantee’s request that the Escrow Agent do
so.
(e) Subject
to the terms hereof, Grantee will have all the rights of a
stockholder with respect to the Shares while they are held in
escrow, including without limitation, the right to vote the Shares
and to receive any cash dividends declared thereon.
(f) In
the event that as a result of any dividend or other distribution
(whether in the form of cash, Shares, other securities, or other
property), recapitalization, stock split, reverse stock split,
reorganization, merger, consolidation, split-up, spin-off,
combination, repurchase, or exchange of Shares or other securities
of the Company, or other change in the corporate structure of the
Company affecting the Shares, the Shares of Restricted Stock will
be increased, reduced or otherwise changed, and by virtue of any
such change Grantee will in his or her capacity as owner of
unvested Shares of Restricted Stock be entitled to new or
additional or different shares of stock, cash or securities (other
than rights or warrants to purchase securities); such new or
additional or different shares, cash or securities will thereupon
be considered to be unvested Shares of Restricted Stock and will be
subject to all of the conditions and restrictions which were
applicable to the unvested Shares of Restricted Stock pursuant to
this Agreement. If Grantee receives rights or warrants
with respect to any unvested Shares of Restricted Stock, such
rights or warrants may be held or exercised by Grantee, provided
that until such exercise any such rights or warrants and after such
exercise any shares or other securities acquired by the exercise of
such rights or warrants will be considered to be unvested Shares of
Restricted Stock and will be subject to all of the conditions and
restrictions which were applicable to the unvested Shares of
Restricted Stock pursuant to this Agreement. The
Administrator in its absolute discretion at any time may
accelerate
the vesting of all or any portion of such new or
additional shares of stock, cash or securities, rights or warrants
to purchase securities or shares or other securities acquired by
the exercise of such rights or warrants.
(g) The
Company may determine to issue the Shares in book entry form and/or
may instruct the transfer agent for its Common Stock to place a
legend on the certificates representing the Restricted Stock or
otherwise note its records as to the restrictions on transfer set
forth in this Agreement.
3.
Vesting Schedule/Period of Restriction . Subject
to Paragraphs 4 and 5 of this Agreement, the Shares of
Restricted Stock awarded by this Agreement shall vest in accordance
with the vesting provisions set forth in the Notice of Grant [TO BE
INCLUDED UNLESS COMPENSATION COMMITTEE DETERMINES OTHERWISE AND
MODIFIED AS NEEDED TO CONFORM TO THE APPLICABLE VESTING
ACCELERATION PROVISIONS: which shall be deemed to include any
acceleration of vesting provisions included in Grantee’s
written employment or other written agreement with the Company
entered into on or prior to the Date of Grant that applies to
restricted stock (each of which such provision is incorporated by
reference herein)], subject to Section 15 of the
Plan. Shares of Restricted Stock shall not vest in the
Grantee in accordance with any of the provisions of this Agreement
unless the Grantee shall have remained a Service Provider from the
Vesting Commencement Date through the applicable vesting
date.
4.
Administrator Discretion . The Administrator, in
its discretion, may accelerate the vesting of the balance, or some
lesser portion of the balance, of the unvested Shares of Restricted
Stock at any time, subject to the terms of the Plan. If
so accelerated, such Shares will be considered as having vested as
of the date specified by the Administrator.
5.
Forfeiture . Notwithstanding any contrary
provision of this Agreement, the balance of the Shares of
Restricted Stock that have not vested at the time the Grantee
ceases to be a Service Provider will be forfeited and automatically
transferred to and reacquired by the Company at no cost to the
Company. The Grantee shall not be entitled to a refund
of any of the price paid for the Shares of Restricted Stock
forfeited to the Company pursuant to this
Paragraph 5. The Grantee hereby appoints the Escrow
Agent with full power of substitution, as the Grantee’s true
and lawful attorney-in-fact with irrevocable power and authority in
the name and on behalf of the Grantee to take any action and
execute all documents and instruments, including, without
limitation, stock powers which may be necessary to transfer the
certificate or certificates evidencing such unvested Shares to the
Company upon such cessation of the Service Provider
relationship.
6.
Death of Grantee . Any distribution or delivery
to be made to the Grantee under this Agreement will, if the Grantee
is then deceased, be made to the administrator or executor of the
Grantee’s estate. Any such administrat