EXHIBIT 10.69
Form of Restricted Stock
Award Agreement – Amended and Restated 2005 Equity Incentive
Plan
THE INVENTURE GROUP,
INC.
RESTRICTED STOCK
AGREEMENT
The Inventure Group, Inc. (the
“Company”) hereby grants you,
(“Employee”), a grant of restricted stock. The date of
this Agreement is
. Subject to the provisions set forth in this Agreement and
the provisions of the Company’s Amended and Restated 2005
Equity Incentive Plan, a copy of which is attached hereto as
Exhibit A (the “Plan”), the principal features of
this grant are as follows:
NUMBER OF SHARES OF RESTRICTED STOCK:
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PURCHASE PRICE PER SHARE:
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$0.01
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SCHEDULED VESTING
DATES
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NUMBER OF SHARES
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Employee understands that under
Section 83 of the Internal Revenue Code of 1986, as amended
(the “Code”), as the Shares vest, the fair value of
such Shares will be reportable as ordinary income at that
time. Employee further understands that instead of being
taxed when and as the Shares vest, Employee may elect to be taxed
as of the purchase date of the Shares with respect to the fair
value of all Shares on such date less the purchase price paid for
the Shares. Such election may only be made under
Section 83(b) of the Code with the I.R.S. within thirty
(30) days after the Purchase Date. The form for making this
election may be provided by the Company for Employee’s
convenience only. Employee understands that failure to make
this filing within the thirty (30) day period will result in the
recognition of ordinary income as the Shares vest. EMPLOYEE
ACKNOWLEDGES THAT IT IS EMPLOYEE’S SOLE RESPONSIBILITY, AND
NOT THE COMPANY’S, TO FILE A TIMELY ELECTION UNDER
SECTION 83(b), EVEN IF EMPLOYEE REQUESTS THE COMPANY OR ITS
REPRESENTATIVES TO MAKE THIS FILING ON EMPLOYEE’S
BEHALF. EMPLOYEE IS RELYING SOLELY ON EMPLOYEE’S
ADVISORS WITH RESPECT TO THE DECISION AS TO WHETHER OR NOT TO FILE
AN 83(b) ELECTION.
Your signature below indicates your
agreement and understanding that this grant is subject to all of
the terms and conditions contained in this Agreement and the Plan
attached hereto as Exhibit A, including without limitation
provisions relating to vesting and forfeiture of shares covered by
this grant. PLEASE BE SURE TO READ THIS AGREEMENT AND THE
PLAN IN THEIR ENTIRETY.
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THE INVENTURE GROUP, INC.
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EMPLOYEE
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By:
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Print Name:
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Print Name:
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Print Title:
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Date:
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Date:
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