Exhibit 10.18
Notice of Grant of Restricted
Stock Units Award Agreement
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Director
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RSU Number:
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NAME
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Plan: Non-Employee Directors’ Equity
Plan
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Effective
,
20 , you have been granted an award of
restricted stock units. The value of this award is
$
(
*
$
=
$ ).
Each restricted stock unit
represents a right to a future payment equal to one share of
Brink’s Home Security Holdings, Inc. (the
“Company”) common stock. Such payment will be in shares
of the Company’s common stock (the
“Shares”).
Subject to your continued service as
a member of the Board of Directors of the Company as of the
relevant vesting date (unless otherwise provided under the terms
and conditions of the Brink’s Home Security Holdings, Inc.
Non-Employee Directors Equity Plan (the “Plan”) or this
Award Agreement), you shall be entitled to receive (and the Company
shall deliver to you) within 75 days following the relevant vesting
date set forth below, the number of Shares underlying this award
scheduled to vest as of such date as set forth below:
Additional terms and conditions
applying to this grant are contained on pages two through four of
this Award Agreement and the Plan. Capitalized terms used herein
and not otherwise defined shall have the meanings ascribed to such
terms in the Plan.
By your signature and the authorized
Company signature below and on page four of this Award Agreement,
you and the Company agree that this award is granted under and
governed by the terms and conditions of the Brink’s Home
Security Holdings, Inc. Non-Employee Directors Equity Plan, as well
as this Award Agreement, all of which are incorporated as a part of
this document.
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Brink’s
Home Security Holdings, Inc.
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Date
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Director
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Date
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Page 1 (Company Copy)
Restricted Stock Units Award
Agreement
This AWARD AGREEMENT dated as of
,
20 is between Brink’s Home Security
Holdings, Inc., a Virginia corporation (the “Company”),
and the person identified on page one of this Award Agreement (the
“Director”), a member of the Company’s Board of
Directors.
By resolution dated on the date of
this Award Agreement, the Compensation and Benefits Committee (the
“Committee”) of the Company’s Board of Directors,
acting pursuant to the Brink’s Home Security Holdings, Inc.
Non-Employee Directors Equity Plan as amended (the
“Plan”), a copy of which Plan has heretofore been
furnished to the Director (who hereby acknowledges receipt), as a
matter of separate inducement and agreement in connection with the
services provided by the Director to the Company or any of its
subsidiaries as a member of the Board, and not in lieu of any
retainer or other compensation for the Director’s services,
granted to the Director a restricted stock unit award as set forth
on page one of this Award Agreement.
Accordingly, the parties hereto
agree as follows:
1. Subject to all the terms and
conditions of the Plan, the Director is granted the restricted
stock unit award (the
