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”).
|
|
|
|
|
|
|
____________ ,
20 ______
|
|
|
|
|
|
|
|
________________________________________________
SSN ____________
|
|
|
|
|
|
|
|
_______________
Shares
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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.
|
|
|
|
|
|
|
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:
|
|
|
|
|
|
|
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.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
• 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
|
|
|
|
|
|
|
The Period of
Restriction shall end, the restrictions shall be lifted,
and
|
|