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Exhibit
10.80C
2001/CC
This exhibit contains a form of
agreement used by the company to grant restricted stock awards
under the company’s 2001 Stock Incentive Plan. Readers should
note that these are forms of agreements only and particular
agreements with employees may contain terms that differ but not in
material respects.
RESTRICTED STOCK AWARD
AGREEMENT
Name of Grantee (the
“Grantee):________________________________________________
Date of Restricted Stock Award (the
“Award
Date”):________________________________
Number of Shares Covered by Restricted
Stock Award (the “Award
Shares”):____________
This Restricted Stock Award
Agreement (this “Agreement”) is entered into as of the
Date of Restricted Stock Award set forth above (the “Award
Date”) by and between CSG SYSTEMS INTERNATIONAL, INC., a
Delaware corporation (the “Company”), and the Grantee
named above (the “Grantee”).
* * *
WHEREAS, the Company has
adopted a 2001 Stock Incentive Plan (the “Plan”);
and
WHEREAS, pursuant to the
Plan, as of the Award Date the Company granted to Grantee a
Restricted Stock Award (the “Award”) covering the
number of shares of the Common Stock of the Company (the
“Common Stock”) set forth above (the “Award
Shares”) and is executing this Agreement with Grantee for the
purpose of setting forth the terms and conditions of the
Award;
NOW, THEREFORE, in
consideration of the premises and the covenants and conditions
contained herein, the Company and Grantee agree as
follows:
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1. |
Award of Restricted Shares . |
(a) The Company hereby
confirms the grant of the Award to Grantee as of the Award Date.
The Award is subject to all of the terms and conditions of this
Agreement.
(b) Promptly after the
execution of this Agreement, the Company will cause the transfer
agent for the Common Stock (the “Transfer Agent”) to
(i) either establish a separate account in its records in the
name of Grantee (the “Restricted Stock Account”) and
credit the Award Shares to the Restricted Stock Account as of the
Award Date or credit the Award Shares to a previously existing
Restricted Stock Account of Grantee as of the Award Date and
(ii) confirm such actions to Grantee in writing.
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2. |
Vesting of Award Shares . |
(a) Twenty-five percent
(25%) of the Award Shares (rounded to the nearest whole
number) automatically will vest in Grantee on each of the first
four (4) anniversaries of the Award Date (each such
anniversary being referred to in this Agreement as a “Vesting
Date”); provided, however, that no Award Shares shall vest in
Grantee on a particular Vesting Date unless Grantee has been
continuously employed by the Company from the Award Date until such
Vesting Date.
(b) For purposes of this
Agreement, a “Termination of Employment” of Grantee
means the effective time when the employer-employee relationship
between Grantee and the Company terminates for any reason
whatsoever.
(c) In determining the
existence of continuous employment of Grantee by the Company or the
existence of an employer-employee relationship between Grantee and
the Company for purposes of this Agreement, the term
“Company” shall include a Subsidiary (as defined in the
Plan); and neither a transfer of Grantee from the employ of the
Company to the employ of a Subsidiary nor the transfer of Grantee
from the employ of a Subsidiary to the employ of the Company or
another Subsidiary shall be deemed to be a Termination of
Employment of Grantee.
(d) After the Grantee has
become vested in any of the Award Shares and, if applicable, after
the cancellation of certain of the Award Shares as provided for in
Section 12(b) has occurred, the Company will instruct the
Transfer Agent to remove all restrictions on the transfer,
assignment, pledge, encumbrance, or other disposition of the then
remaining vested Award Shares in the Restricted Stock Account.
Grantee thereafter shall be free to deal with and dispose of such
remaining vested Award Shares in Grantee’s sole discretion
and may request the Transfer Agent to issue a certificate for such
remaining vested Award Shares in Grantee’s name free of any
restrictions.
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3. |
Cancellation of Unvested Award Shares
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Subject to the provisions of
Section 15, if applicable, upon a Termination of Employment of
Grantee, all of the rights and interests of Grantee in any of the
Award Shares which have not vested in Grantee pursuant to
Section 2 prior to such Termination of Employment of Grantee
automatically shall completely and forever terminate; and, at the
direction of the Company, the Transfer Agent shall remove from the
Restricted Stock Account and cancel all of such unvested Award
Shares.
Nothing contained in this
Agreement (i) obligates the Company or a Subsidiary to
continue to employ Grantee in any capacity whatsoever or
(ii) prohibits or restricts the Company or a Subsidiary from
terminating the employment of Grantee at any time or for any reason
whatsoever. In the event of a Termination of Employment of Grantee,
Grantee shall have only the rights set forth in this Agreement with
respect to the Award Shares.
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5. |
Change in Capitalization . |
If at any time that any of
the Award Shares have not vested in Grantee there is any non-cash
dividend of securities or other property or rights to acquire
securities or other property, any liquidating dividend of cash
and/or property, or any stock dividend or stock split or other
change in the character or amount of any of the outstanding
securities of the Company, then in such event any and all new,
substituted, or additional securities or other property to which
Grantee may become entitled by reason of Grantee’s ownership
of such unvested Award Shares immediately and automatically shall
become subject to this Agreement, shall be delivered to the
Transfer Agent or to an independent Escrow Agent selected by the
Company to be held by the Transfer Agent or such Escrow Agent
pursuant to the terms of this Agreement (including but not limited
to the provisions of Sections 3 and 8), and shall have the same
status with respect to vesting and transfer as the unvested Award
Shares upon which such dividend was paid or with respect to which
such new, substituted, or additional securities or other property
was distributed. Any cash or cash equivalents received pursuant to
the first sentence of this Section 5 shall be invested in
conservative short-term interest-bearing securities, and interest
earned thereon also shall have the same status with respect to
vesting and transfer as the unvested Award Shares with respect to
which such cash or cash equivalents were received. Cash dividends
(other than liquidating dividends) paid on such unvested Award
Shares shall be paid to Grantee and shall not be subject to vesting
or to the first sentence of this Section 5.
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6. |
Representations of Grantee . |
Grantee hereby represents and
warrants to the Company as follows:
(a) Grantee had full legal
power, authority, and capacity to execute and deliver this
Agreement and to perform Grantee’s obligations under this
Agreement; and this Agreement is a valid and binding obligation of
Grantee, enforceable in accordance with its terms, except that the
enforcement of this Agreement may be subject to bankruptcy,
insolvency, reorganization, moratorium, or other similar laws now
or hereafter in effect relating to creditors’ rights
generally and to general principles of equity (regardless of
whether such enforcement is considered in a proceeding in equity or
at law).
(b) Grantee is aware of the
public availability on the Internet at www.sec.gov of the
Company’s periodic and other filings made with the United
States Securities and Exchange Commission.
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7. |
Representations and Warranties of the Company
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The Company hereby represents
and warrants to Grantee as follows:
(a) The Company is a
corporation duly organized, validly existing, and in good standing
under the laws of Delaware and has all requisite corporate power
and authority to enter into this Agreement, to issue the Award
Shares to Grantee, and to perform its obligations under this
Agreement.
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(b) The execution and
delivery of this Agreement by the Company have been duly and
validly authorized; and all necessary corporate action has been
taken to make this Agreement a valid and binding obligation of the
Company, enforceable in accordance with its terms, except that the
enforcement of this Agreement may be subject to bankruptcy,
insolvency, reorganization, moratorium, or other similar laws now
or hereafter in effect relating to creditors’ rights
generally and to general principles of equity (regardless of
whether such enforcement is considered in a proceeding in equity or
at law).
(c) When issued to Grantee as
provided for in this Agreement, the Award Shares will be duly and
validly issued, fully paid, and non-assessable.
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8. |
Restriction on Sale or Transfer of Award Shares
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None of the Award Shares that
have not vested in Grantee pursuant to Section 2 (and no
beneficial interest in any of such Award Shares) may be sold,
transferred, assigned, pledged, encumbered, or otherwise disposed
of in any way (including a transfer by operation of law); and any
attempt to make any such sale, transfer, assignment, pledge,
encumbrance, or other disposition shall be null and void and of no
effect.
The Company and Grantee
acknowledge that the Company’s remedy at law for any breach
or violation or attempted breach or violation of the provisions of
Section 8 will be inadequate and that, in the event of any
such breach or violation or attempted breach or violation, the
Company shall be entitled to injunctive relief in addition to any
other remedy, at law or in equity, to which the Company may be
entitled.
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10. |
Violation of Transfer Provisions . |
Neither the Company nor the
Transfer Agent shall be required to transfer on the stock records
of the Company maintained by either of them any Award Shares which
have been sold, transferred, assigned, pledged, encumbered, or
otherwise disposed of in violation of any of the provisions of this
Agreement or to treat as the owner of such Award Shares or accord
the right to vote or receive dividends to any purported transferee
or pledgee to whom such Award Shares shall have been so sold,
transferred, assigned, pledged, encumbered, or otherwise disposed
of in violation of any of the provisions of this
Agreement.
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11. |
Section 83(b) Election . |
Grantee shall have the right
to make an election pursuant to Treasury Regulation
§ 1.83-2 with respect to the Award Shares and, if Grantee
makes such election, promptly will furnish to the Company a copy of
the form of election Grantee has filed with the Internal Revenue
Service for such purpose and evidence that such an election has
been made in a timely manner.
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(a) Upon Grantee’s
making of the election referred to in Section 11 with respect
to any of the Award Shares, Grantee shall pay to or provide for the
payment to or withholding by the
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