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A.M. CASTLE & CO. RESTRICTED STOCK AWARD AGREEMENT A.M. CASTLE & CO. 2008 RESTRICTED STOCK, STOCK OPTION AND EQUITY COMPENSATION PLAN

Executive Compensation Plan Agreement

A.M. CASTLE & CO. 

RESTRICTED STOCK AWARD AGREEMENT 

A.M. CASTLE & CO.
2008 RESTRICTED STOCK, STOCK OPTION
AND EQUITY COMPENSATION PLAN | Document Parties: CASTLE A M & CO You are currently viewing:
This Executive Compensation Plan Agreement involves

CASTLE A M & CO

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Title: A.M. CASTLE & CO. RESTRICTED STOCK AWARD AGREEMENT A.M. CASTLE & CO. 2008 RESTRICTED STOCK, STOCK OPTION AND EQUITY COMPENSATION PLAN
Governing Law: Illinois     Date: 3/12/2009
Industry: Misc. Fabricated Products     Sector: Basic Materials

A.M. CASTLE & CO. 

RESTRICTED STOCK AWARD AGREEMENT 

A.M. CASTLE & CO.
2008 RESTRICTED STOCK, STOCK OPTION
AND EQUITY COMPENSATION PLAN, Parties: castle a m & co
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Exhibit 10.11

A.M. CASTLE & CO.

RESTRICTED STOCK AWARD AGREEMENT

A.M. CASTLE & CO.
2008 RESTRICTED STOCK, STOCK OPTION
AND EQUITY COMPENSATION PLAN

GRANTEE:

ADDRESS:

SOCIAL SECURITY NUMBER:

NUMBER OF SHARES OF RESTICTED STOCK:

DATE OF GRANT:

     This is an award agreement (the “Award Agreement”) between A.M. Castle & Co., a Maryland corporation (the “Corporation”) and the individual named above (the “Grantee”). The Corporation hereby grants to the Grantee an aggregate of the above-stated number of shares of Common Stock of the Corporation on the terms and conditions contained herein and in the Corporation’s 2008 Restricted Stock, Stock Option and Equity Compensation Plan approved by the shareholders April 24, 2008, as may be amended from time to time (the “Plan”). Capitalized terms used but not otherwise defined herein shall have the meaning ascribed to them in the Plan.

     1.  Vesting of Restricted Stock. Subject to the terms and conditions of this Award Agreement and the Plan, the Restricted Stock shall vest as follows:

NUMBER OF SHARES:                                    VESTED ON OR AFTER:                     
NUMBER OF SHARES:                                   VESTED ON OR AFTER:                     
NUMBER OF SHARES:                                   VESTED ON OR AFTER:                     

     2.  Stock Certificates. Certificates for the Restricted Stock shall be issued by the Corporation in the name of the Grantee and delivered to the Grantee at the time of grant. The certificates shall bear the following legend evidencing its restrictive nature as follows:

THE TRANSFERABILITY OF THIS CERTIFICATE AND THE SHARES OF STOCK REPRESENTED HEREBY ARE SUBJECT TO THE TERMS AND CONDITIONS (INCLUDING FORFEITURE) CONTAINED IN THE A. M. CASTLE & CO. 2008 RESTRICTED STOCK AND STOCK OPTION PLAN AND AN AGREEMENT ENTERED INTO BETWEEN THE REGISTERED OWNER AND A. M. CASTLE & CO. A COPY OF SUCH PLAN AND AGREEMENT IS ON FILE IN THE OFFICE OF THE SECRETARY OF A. M. CASTLE & CO., 3400 N. WOLF ROAD, FRANKLIN PARK, ILLINOIS 60131.

     3.  Effect of Termination of Employment. If the Grantee’s employment with the Corporation and all Related Companies terminates for any reason, then any Restricted Stock not vested as of such date will be forfeited to the Corporation.

     4.  Tax Withholding Obligations. The Grantee shall be required to deposit with the Corporation either (i) an amount of cash equal to the amount determined by the Corporation to be required with respect to any withholding taxes, FICA contributions, or the like under any federal, state or local statute, ordinance,

 


 

rule or regulation in connection with the grant or vesting of the Restricted Stock or (ii) a number of shares of the Corporation’s Common Stock otherwise deliverable having a Fair Market Value sufficient to satisfy the statutory minimum of al


 
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