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EXHIBIT 4.4
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EXPEDITORS
INTERNATIONAL
OF WASHINGTON, INC.
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RESTRICTED
STOCK
AWARD AGREEMENT
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AWARDED
TO
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GRANT
DATE
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NUMBER OF SHARES OF
RESTRICTED STOCK
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MARKET PRICE ON DATE
OF AWARD
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VESTING
SCHEDULE
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Monthly over 1 year
commencing June 30, _____
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1.
The Award . Expeditors
International of Washington, Inc., a Washington corporation (the
“Company“), hereby grants to you as of the above grant
date (the “Grant Date”) the above number of shares of
the Company’s common stock, $0.01 par value per share
(“Restricted Stock”), on the terms and conditions
contained in this Restricted Stock Award Agreement (this
“Agreement”) and the Company’s 2008
Directors’ Restricted Stock Plan (the “Plan”), a
copy of which is attached.
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2.
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Restrictions .
Restricted Stock is subject to the restrictions contained in this
Agreement and the Plan.
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3.
Vesting Schedule .
Restricted Stock shall vest in accordance with the vesting schedule
contained in the Plan. Upon a Change of Control, as defined in the
Plan, all unvested Restricted Stock shall accelerate and become
fully vested.
4.
Forfeiture . In the
event your service as a director of the Company is terminated prior
to the time Restricted Stock has vested in accordance with the
Plan, your rights to all unvested Restricted Stock shall be
forfeited.
5.
Stock Certificates .
Restricted Stock will be issued in your name, either by book-entry
registration or issuance of a stock certificate or certificates,
which certificate or certificates will be held by the Company or
the stock transfer agent or brokerage service selected by the
Company until all Restricted Stock subject this Agreement has
become vested pursuant to the Plan (the “Final Vesting
Date”)
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