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e Plus inc.
Restricted Stock Award
Agreement
Name of
Participant:
Grant
Number:
Total Number
of Shares Underlying Restricted Stock Award:
Grant
Date:
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Restricted
Stock Award – Terms and Conditions . This Agreement confirms the grant
under and subject to the provisions of the e Plus inc.
[2008 Employee / Director] Long-Term Incentive Plan (the
“ Plan ”) and the terms and conditions set forth
herein (“ Termsand Conditions ”) to the
above-named participant of the number of a Restricted Stock award
of such number of shares of common stock, $0.01 par value per share
(the “ Common Stock ”), of the Company as set
forth above. This Agreement merely evidences such grant, and does
not constitute property of any nature or type or confer any
additional rights. This grant is subject in all respects to the
applicable terms of the Plan. A copy of the Plan (or related
Prospectus delivered to you with this Agreement) may be obtained at
no cost by contacting the [HR Department]
at_________________.
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Restriction
Period . For
purposes of this Agreement, the Restriction Period is the period
beginning on the grant date and ending on [INSERT VESTING DATE(S)]
(the “ Restriction Period ”).
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Restrictions
and Forfeiture . The
Restricted Stock is granted to the participant subject to the
prohibitions on transfer set forth in Section 6 below, which
shall lapse, if at all, upon the expiration of the Restriction
Period as described in Section 7 below.
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Rights
During Restriction Period . During the Restriction Period, the participant
may exercise full voting rights with respect to all Restricted
Stock subject to the award and shall be entitled to receive cash
dividends and other distributions paid with respect to the
Restricted Stock. If any such dividend or distribution is paid in
securities of the Company (including additional shares of Common
Stock), such securities shall be subject to the same restrictions
on transferability, risks of forfeiture, and other restrictions and
conditions as the Restricted Stock in respect of which such
dividend or distribution was made. If the number of outstanding
shares of Common Stock is changed as a result of a stock dividend,
stock split or the like, without additional consideration to the
Company, the Restricted Stock subject to this award shall be
adjusted to correspond to the change in the outstanding shares of
the Company’s Common Stock. For the avoidance of doubt, upon
the expiration of the Restriction Period, the
participant may exercise voting rights and shall be
entitled to receive dividends and other distributions with respect
to the number of shares to which the participant is entitled
pursuant hereto.
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Release of
Award . Provided the
award has not previously been forfeited, as soon as reasonably
practicable following the expiration of the Restriction Period and
the satisfaction of the applicable tax withholding obligations, the
Company shall at its option, cause the Restricted Stock to which
the participant is entitled pursuant hereto (i) to be released
without restriction on transfer by delivery to the custody of the
participant of a stock certificate in the name of the participant
or his or her designee, or (ii) to be credited without
restriction on transfer to a book-entry account for
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