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NATIONSHEALTH, INC. 2005 LONG-TERM INCENTIVE PLAN RESTRICTED STOCK AGREEMENT

Stock Restriction Agreement

NATIONSHEALTH, INC. 2005 LONG-TERM INCENTIVE PLAN  RESTRICTED STOCK AGREEMENT | Document Parties: NationsHealth, Inc. You are currently viewing:
This Stock Restriction Agreement involves

NationsHealth, Inc.

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Title: NATIONSHEALTH, INC. 2005 LONG-TERM INCENTIVE PLAN RESTRICTED STOCK AGREEMENT
Date: 11/14/2005

NATIONSHEALTH, INC. 2005 LONG-TERM INCENTIVE PLAN  RESTRICTED STOCK AGREEMENT, Parties: nationshealth  inc.
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Exhibit 10.6

NationsHealth, Inc.
2005 Long-Term Incentive Plan

Restricted Stock Agreement

      NATIONSHEALTH, INC. , a Delaware corporation (the “Company”), hereby grants to the Participant named below shares of its common stock (the “Shares”), which are restricted. The terms and conditions of this award of Restricted Stock are set forth in this Restricted Stock Agreement (the “Agreement”), and in the NationsHealth, Inc. 2005 Long-Term Incentive Plan (the “Plan”).

 

 

 

 

Date of Award

 

____________ , 20 ______

 

 

 

Participant’s Name

 

________________________________________________ SSN ____________

 

 

 

Number of Shares

 

_______________ Shares

 

 

 

 

 

 

 

 

 

 

 

Restrictions

 

Until the Period of Restriction ends, the Shares awarded under this Agreement shall be subject to the following restrictions

 

 

 

 

 

 

 

 

 

• The Shares may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated.

 

 

 

 

 

 

 

 

 

• _________________________________________________________________________________

 

 

 

 

_________________________________________________________________________________

 

 

 

 

_________________________________________________________________________________.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lifting of Restrictions
(Check applicable box(es))

 

The Period of Restriction with respect to _________ Shares shall end upon achievement of the Performance Objectives listed below.

The Period of Restriction with respect to _________ Shares shall follow the Vesting Schedule below.

 

 

 

 

 

 

 

 

 

 

 

 

Performance Objectives (Subject to Section 4.3
of the Plan

 

_________________________________________________________________________________

_________________________________________________________________________________

_________________________________________________________________________________

_________________________________________________________________________________.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Percent

 

 

 

Percent

 

 

Date

 

Vested *

 

Date

 

Vested *

Vesting Schedule

 

 

 

 

 

 

 

 

(The Period of
Restriction shall be
deemed to have ended
with respect to Shares
that have vested.)

 

__________________

__________________

__________________

 

__________________%

__________________%

__________________%

 

__________________

__________________

__________________

 

__________________%

__________________%

__________________%

* “Percent Vested” refers to the percentage of Shares with respect to which the restrictions have ended.

 

 

 

 

Cash Dividends

 

Any dividends or distributions that are paid in cash with respect to the Shares shall:

be subject to the same restrictions as the Shares, and shall be subject to forfeiture until
the restrictions with respect to the Shares have ended.

 

 

be unrestricted and paid as soon as practicable after the dividend or distribution date.

 

      My signature at the end of this Agreement indicates that I understand and agree to the terms and conditions set forth in this Agreement and the Plan. Initials: _________ Date:__________________

 


 

NationsHealth, Inc.
2005 Long-Term Incentive Plan
Restricted Stock Agreement

Restricted Stock Agreement

     This Agreement evidences an award of Restricted Stock under the NationsHealth, Inc. 2005 Long-Term Incentive Plan. The name of the recipient, the number of Shares of Restricted Stock, and other variable terms are set forth in the cover page, which is part of this Agreement. The words “you,” “your,” and similar terms refer to the Participant to whom this Restricted Stock is awarded.

The Restricted Stock is subject to the following terms and conditions:

 

 

 

 

Definitions and the
Plan

 

All capitalized terms that are not otherwise defined in this Agreement have the meanings set forth in the Plan, the text of which is incorporated into this Agreement by reference. In case of any conflict between this Agreement and the Plan, the terms of the Plan shall control.

 

 

 

 

 

 

 

 

 

 

 

Number of Shares

 

Pursuant to this Agreement, you will become the owner of record of the number of Shares set forth in the cover page. The number of Shares may be adjusted to reflect a stock split or other corporate transaction or event, in the sole discretion of the Committee.

 

 

 

 

All Shares issued under this Agreement shall be held by the Company in escrow until the Period of Restriction ends and the restrictions set forth in the cover page are lifted.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rights of the
Participant as
Shareholder

 

As the owner of record of the Shares, you have all rights of a shareholder of the Company, including without limitation the right to vote, the right to receive dividends payable either in Shares or cash, and the right to receive Shares in any recapitalization of the Company; but your rights are subject to the restrictions set forth in the cover page.

 

 

 

 

 

 

 

 

 

• If you receive any additional Shares by reason of being the holder of Shares issued or transferred under this Agreement (for example, as a result of a stock dividend), those additional Shares shall be treated as all other Shares issued under this Agreement are treated. The additional Shares shall be held by the Company in escrow and shall be subject to the terms and conditions of this Agreement.

 

 

 

 

 

 

 

 

 

• If you receive a dividend or other distribution in cash, the dividend or other distribution shall either be (i) subject to the restrictions that apply to the Shares until the restrictions are lifted or (ii) distributed as soon as practicable after the dividend distribution date, as set forth in the cover page.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Period of
Restriction

 

• All Shares issued under this Agreement are subject to the restrictions described in the cover page until the Period of Restriction ends.

 

 

 

 

 

 

 

 

 

• The cover page indicates whether the Period of Restriction (i) ends upon achievement of the Performance Objectives set forth in the cover page and/or (ii) follows the Vesting Schedule set forth in the cover page.

 

 

 

 

 

 

 

 

 

 Ø  With respect to any Shares for which the Period of Restriction follows the Vesting Schedule set forth in the cover page, a leave of absence shall not count as service, except as required by law.

 

 

 

 

 

 

 

 

 

 Ø  With respect to any Shares for which the Period of Restriction ends upon achievement of Performance Objectives, the Period of Restriction shall not end until the Committee certifies in writing that the applicable Performance Objectives and other material terms of the Agreement have been satisfied.

 

 

 

 

 

 

 

 

 

• In addition, the Period of Restriction shall end upon the occurrence of any vesting event (for example, onset of disability or a change in control) set forth in a separate written agreement between you and the Company.

 

 

 

-2-


 

NationsHealth, Inc.
2005 Long-Term Incentive Plan
Restricted Stock Agreement

 

 

 

 

Vesting and
Payment

 

The Period of Restriction shall end, the restrictions shall be lifted, and


 
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