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Exhibit
10.2
CACI INTERNATIONAL INC
2006 STOCK INCENTIVE PLAN
RESTRICTED STOCK GRANT
AGREEMENT
This Restricted Stock Grant
Agreement (the “Agreement”) is entered into by and
between CACI International Inc, a Delaware corporation,
(“CACI” or the “Company”) and
(the “Grantee”) effective as of
(the “Grant Date”).
Recitals
WHEREAS, Section 7 of
the CACI International Inc 2006 Stock Incentive Plan (the
“Plan”) permits the Committee to make awards of
Restricted Stock to key employees of the Company or any Subsidiary
or Affiliate.
WHEREAS, the Grantee has been
determined to be a key employee who is entitled to an Award under
the Plan; and
WHEREAS, on
(the “Grant Date”), the Committee awarded the Grantee
Shares of Restricted Stock in order to provide that the Grantee
with a proprietary interest in the Company and to provide the
Grantee with an incentive to remain in the employ of the Company or
an Affiliate or Subsidiary.
NOW, THEREFORE, the Company
and the Grantee mutually covenant and agree as follows:
Under this Agreement, except
where the context otherwise indicates, the following definitions
apply:
(a) “ Agreement
” means this Restricted Stock Grant Agreement and shall
include the applicable provisions of the Plan, which is hereby
incorporated into and made a part of this Agreement.
(b) “ Grant Date
” means
.
(c) “ Plan
” means the CACI International Inc 2006 Stock Incentive Plan,
as amended from time to time.
(d) “ Retirement
” means voluntary retirement from the Company or an Affiliate
on or after age 65, upon written notice from the Grantee to the
Committee that Grantee is permanently retiring from CACI and the
information technology industry.
(e) “ Shares
” means the shares of Stock subject to the
Agreement.
(f) “ Vesting
Date ” means
.
Any capitalized term used
herein that is not expressly defined in this Agreement shall have
the meaning that such term has under the Plan unless otherwise
provided herein.
| 2. |
Restricted Stock Award |
Pursuant to and subject to
the terms of the Plan, CACI hereby awards to The Grantee a total of
Shares of Restricted Stock. The Shares are granted subject to the
restrictions and conditions as set forth in this Agreement. The
price of a Share at close of business on the Grant Date was $
.
(a) Regular Vesting
Schedule . Except as set forth in this Section 3, the
Restricted Stock granted pursuant to this Agreement shall vest on
the Vesting Date, and shall be converted to unrestricted Shares at
that time, provided the Grantee has remained in the continuous
full-time employment of the Company, or a Subsidiary or Affiliate,
from the Grant Date through the Vesting Date.
(b) Vesting Upon Change in
Control, Disability, Retirement or Death . Upon (i) the
occurrence of a Change in Control while the Grantee remains a
full-time employee of the Company, a Subsidiary or Affiliate, or
(ii) termination of the Grantee’s full-time employment
with the Company, a Subsidiary or Affiliate due to Retirement,
Disability or death, in either case prior to the Vesting Date, the
Grantee shall be vested in the Restricted Stock.
(c) Employment
Requirement; Forfeiture . Except as provided in
Section 3(b) or otherwise determined by the Committee, in
order to become vested in the Restricted Stock granted under the
terms of this Agreement, the Grantee must have been in the
continuous full-time employ of the Company, a Subsidiary or
Affiliate from the Grant Date through the close of business on the
Vesting Date. The Grantee shall not be deemed to be employed by the
Company, a Subsidiary or Affiliate if the Grantee’s
employment has been terminated, even if the Grantee is receiving
severance in the form of salary continuation through the regular
payroll system. If the Grantee terminates employment with the
Company, a Subsidiary or Affiliate for any reason other than
Retirement, Disability or death, or converts from full-time to
part-time status, prior to the close of business on the Vesting
Date, the Restricted Stock granted under this Agreement shall be
forfeited.
(d) Bankruptcy;
Dissolution . Restricted Stock granted under this Agreement
shall be forfeited in the event that the Company is placed under
the jurisdiction of a bankruptcy court, or is dissolved or
liquidated.
(e) Return of Shares .
If the Grantee forfeits rights to the Restricted Stock in
accordance with Section 3(c) or (d), the Shares of Restricted
Stock shall be transferred to the Company, and the Grantee shall
cease to have any rights with respect thereto
(including any of the rights of a
stockholder with respect to the forfeited Restricted Stock and any
dividends or distributions paid with respect to the Restricted
Stock prior to the Vesting Date).
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Issuance of Shares; Rights as Stockholder |
Stock certificates with
respect to Restricted Stock granted pursuant to this Agreement will
be registered in the Grantee’s name as soon as
administratively practicable after the execution of this Restricted
Stock Grant Agreement, subject, however, to forfeiture if the
Shares of Restricted Stock do not vest. Stock certificates issued
in connection with this award shall bear an appropriate legend with
respect to the vesting restrictions applicable to the Restricted
Stock and, as a condition of the receipt of this award, the Grantee
hereby agrees to deposit the certificates with CACI during the
vesting period and to execute a blank stock power or other
instrument of transfer therefor. During the vesting period, the
Grantee shall have all of the rights of a stockholder with respect
to the Restricted Stock, including, but not limited to, the rights
to receive dividends (or amounts equivalent to dividends) and to
vote the Restricted Stock. Any dividends or distributions paid with
respect to the Restricted Stock prior to the Vesting Date will be
subject to the same vesting restrictions as the Restricted Stock to
which such dividends or distributions relate.
Within 30 days after the date
the Restricted Stock granted pursuant to this Agreement vests,
subject to the provisions of this Agreement, the Company shall
cause to be delivered to the Grantee one or more certificates for
unrestricted Stock in an aggregate amount equal to the number of
Shares granted pursuant to this Agreement.
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Designation of Beneficiary |
(a) The Grantee, may, from
time to time, designate a beneficiary or beneficiaries (who may be
named contingently or successively) to whom any Shares of
Restricted Stock or the payment of any other amount due under this
Agreement are to be transferred, delivered or paid in case of the
Grantee’s death before the Grantee has received all
Restricted Stock or other amounts to which the Grantee is entitled
under this Agreement. Each des
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