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RESTRICTED STOCK GRANT
AGREEMENT
THIS RESTRICTED
STOCK GRANT AGREEMENT (the “Agreement”), by and between
TRINITY INDUSTRIES, INC. (hereinafter called the
“Company”) and
(hereinafter called the “Grantee”);
WHEREAS, the
Grantee complies with the requirements of eligibility for the award
of Restricted Stock under the Trinity Industries, Inc. 2004 Stock
Option and Incentive Plan (the “Plan”); and
WHEREAS, the
Company has determined to award to the Grantee
(
) shares o f Common Stock of the Company, subject to the terms and
conditions hereinafter set forth, as a retention incentive, to
encourage a sense of proprietorship by the Grantee and to stimulate
the active interest of the Grantee in promoting the development,
growth, performance and financial success of the Company by
affording the Grantee an opportunity to obtain an increased
proprietary interest in the Company so as to assure a closer
identification between the Grantee’s interest and the
interest of the Company;
NOW, THEREFORE,
in consideration of the premises and the covenants and agreements
herein contained, the parties hereto agree as follows:
1. Grant of
Restricted Shares.
Subject to the
terms and conditions of the Plan, this Agreement and the
restrictions set forth below, the Company hereby grants to the
Grantee the total number of shares of common stock of the Company
set forth above (the “Restricted Shares”). The
Restricted Shares may be issued in certificated or book-entry form
as the Company may determine.
Effective upon
the date of grant, Grantee has become the holder of record of the
Restricted Shares and has all rights of a stockholder with respect
to the Restricted Shares, including the right to vote the
Restricted Shares and the right to receive all dividends paid with
respect to the Restricted Shares, subject to the terms and
conditions set forth in this Agreement.
The Restricted
Shares may not be sold, assigned, transferred, pledged or otherwise
disposed of or encumbered (the “Restrictions on
Transferability”) until the Restrictions on Transferability
shall lapse. The Restrictions on Transferability shall lapse upon
the first to occur of the following:
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(i)
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for
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% of the
Restricted Shares;
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(ii)
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for
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% of the
Restricted Shares;
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(iii)
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for
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% of the
Restricted Shares;
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(iv)
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for
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% of the
Restricted Shares;
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(v)
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for
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% of the
Restricted Shares;
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(vi)
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death;
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(vii)
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Disability as
defined in the Plan;
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(viii)
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a Change in
Control as defined in the Plan; or
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(ix)
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the consent, at
any time after three years from the date of this grant, to the
removal of the restrictions by the Human Resources Committee (the
“Committee&
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