GARTNER,
INC.
2003 LONG-TERM INCENTIVE PLAN
RESTRICTED STOCK UNIT AGREEMENT
Gartner,
Inc. (the “Company”) hereby grants you,
(the “Grantee”), the number of restricted stock units
indicated below (the “Restricted Stock Units”) under
the Company’s 2003 Long-Term Incentive Plan (the
“Plan”). The date of this Agreement is
(the “Grant Date”). Subject to the provisions of
Appendix A (attached hereto) and of the Plan, the principal
features of this Restricted Stock Unit grant are as
follows:
Target
Number of Restricted Stock Units :
___,
subject to adjustment as provided under Performance Adjustment
below.
Twenty-five
percent (25%) of the Restricted Stock Units eligible to vest (as
determined in the prior subsection) shall vest on each of the first
four anniversaries of the date hereof, subject to Grantee’s
Continued Service through each such date.
Your
signature below indicates your agreement and understanding that
this grant is subject to all of the terms and conditions contained
in the Plan and this Restricted Stock Unit Agreement (the
“Agreement”), which includes this Notice of Grant and
Appendix A. For example, important additional information on
vesting and termination of this Restricted Stock Unit grant is
contained in Paragraphs 4 through 7 of Appendix A.
ACCORDINGLY, PLEASE BE SURE TO READ ALL OF APPENDIX A,
WHICH CONTAINS THE SPECIFIC TERMS AND CONDITIONS OF THIS RESTRICTED
STOCK UNIT GRANT.
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GARTNER,
INC.
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GRANTEE
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Title:
CEO
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Name:
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TERMS
AND CONDITIONS OF RESTRICTED STOCK
1.
Grant . The Company hereby grants to the Grantee under the
Plan the number of Restricted Stock Units indicated in the Notice
of Grant, subject to all of the terms and conditions in this
Agreement and the Plan.
2.
Payment of Purchase Price . When the Restricted Stock Units
are paid out to the Grantee, the purchase price will be deemed paid
by the Grantee for each Restricted Stock Unit through the past
services rendered by the Grantee, and will be subject to the
appropriate tax withholdings.
3.
Company’s Obligation to Pay . Each Restricted Stock
Unit has a value equal to the Fair Market Value of a Share on the
date of grant. Unless and until the Restricted Stock Units have
vested in the manner set forth in paragraphs 4 or 5, the
Grantee will have no right to payment of such Restricted Stock
Units. Prior to actual payment of any vested Restricted Stock
Units, such Restricted Stock Units will represent an unfunded and
unsecured obligation of the Company. Payment of any vested
Restricted Stock Units will be made in Shares only.
4.
Vesting Schedule . Except as otherwise provided in this
Agreement, the Restricted Stock Units awarded by this Agreement are
scheduled to vest in accordance with the vesting schedule set forth
in the Notice of Grant. Restricted Stock Units scheduled to vest on
a particular date actually will vest only if the Grantee remains in
Continued Service through such date. Should the Grantee’s
Continued Service end at any time (the “Termination
Date”), any unvested Restricted Stock Units will be
immediately cancelled; provided, however , that if
termination of Continued Service results from the Grantee’s
death, Disability or Retirement, then any unvested Restricted Stock
Units that would have vested by their terms within twelve
(12) months from the Termination Date will be deemed vested on
the Termination Date; and provided further, however, that in the
case of Restricted Stock Units as to which the Performance
Adjustment referred to in the Notice of Grant has not been made at
the Termination Date, the Restricted Stock Units that will be
deemed vested on the Termination Date pursuant to this paragraph 4
shall be determined, and shall vest, when such Performance
Adjustment has occurred.
5.
Committee Discretion . The Committee, in its discretion, may
accelerate the vesting of the balance, or some lesser portion of
the balance, of the Restricted Stock Units at any time, subject to
the terms of the Plan. If so accelerated, such Restricted Stock
Units will be considered as having vested as of the date specified
by the Committee. If the Committee, in its discretion, accelerates
the vesting of the balance, or some lesser portion of the balance,
of the Restricted Stock Units and the Restricted Stock Units are
“deferred compensation” within the meaning of
Section 409A, the payment of such accelerated Restricted Stock
Units nevertheless shall be made at the same time or times as if
such Restricted Stock Units had vested in accordance with the
vesting schedule set forth in the Notice of Grant (whether or not
the Grantee remains in Continued Service through such date(s)).
Notwithstanding the foregoing, if such Restricted Stock Units are
accelerated in connection with the Grantee’s termination of
Continued Service (other than due to death), the Restricted Stock
Units that vest on account of the Grantee’s termination of
Continued Service will not be considered due or payable until the
Grantee has a “separation from service” within
the
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meaning
of Section 409A. In addition, if the Grantee is a
“specified employee” within the meaning of
Section 409A at the time of the Grantee’s separation
from service, then any such accelerated Restricted Stock Units
otherwise payable within the six (6) month period following the
Grantee’s separation from service instead will be paid on the
date that is six (6) months and one (1) day following the
date of the Grantee’s separation from service, unless the
Grantee dies following his or her separation from service, in which
case, the accelerated Restricted Stock Units will be paid to the
Grantee’s estate as soon as practicable following his or her
death, subject to paragraph 9. Thereafter, such Restricted Stock
Units shall continue to be paid in accordance with the vesting
schedule set forth on the first page of this Agreement. For
purposes of this Agreement, “Section 409A” means
Section 409A of the U.S. Internal Revenue Code of 1986, as
amended, and any final Treasury Regulations and other Internal
Revenue Service guidance thereunder, as each may be amended from
time to time (“Section 409A”).
6.
Payment after Vesting . Any Restricted Stock Units that vest
in accordance with paragraph 4 will be released to the Grantee (or
in the event of the Grantee’s death, to his or her estate) in
Shares as soon as practicable following the date of vesting,
subject to paragraph 9, but in no event later than the
applicable two and one-half (2 1
/
2
)
month period of the “short-term deferral” rule set
forth in the Section 1.409A-1(b)(4) of the Treasury
Regulations issued under Section 409A. Notwithstanding the
foregoing, if the Restricted Stock Units are “deferred
compensation” within the meaning of Section 409A, the
vested Restricted Stock Units will be released to the Grantee (or
in the event of the Grantee’s death, to his or her estate) in
Shares as soon as practicable following the date of vesting,
subject to paragraph 9, but in no event later than the end of the
calendar year that includes the date of vesting or, if later, the
fifteen (15th) day of the third (3rd) calendar month following the
date of vesting (provided that the Grantee will not be permitted,
directly or indirectly, to designate the taxable year of the
payment). Further, if some or all of the Restricted Stock Units
that are “deferred compensation” within the meaning of
Section 409A vest on account of the Grantee’s
termination of Continued Service (other than due to death) in
accordance with paragraph 4, the Restricted Stock Units that vest
on account of the Grantee’s termination of Continued Service
will not be considered due or payable until the Grantee has a
“separation from service” within the meaning of
Section 409A. In addition, if the Grantee is a
“specified employee” within the meaning of
Section 409A at the time of the Grantee’s separation
from service (other than due to death), then any accelerated
Restricted Stock Units will be paid to the Grantee no earlier than
six (6) months and one (1) day following the date of the
Grantee’s separation from service unless the Grantee dies
following his or her separation from service, in which case, the
Restricted Stock Units will be paid to the Grantee’s estate
as soon as practicable following his or her death, subject to
paragraph 9. Any Restricted Stock Units that vest in accordance
with paragraph 5 will be paid to the Grantee (or in the event of
the Grantee’s death, to his or her estate) in Shares in
accordance with the provision of such paragraph, subject to
paragraph 9.
7.
Forfeiture . Notwithstanding any contrary provision of this
Agreement, the balance of the Restricted Stock Units that have not
vested pursuant to paragraphs 4 or 5 at the time the Grantee ceases
to be in Continued Service 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 Restricted Stock Units forfeited to the
Company pursuant to this paragraph 7.
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8.
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 (or such other person to whom the Restricted
Stock Units are transferred pursuant to the Grantee’s will or
in accordance with the laws of descent
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