Form of Restricted Stock Unit Agreement for Non-Employee Directors DELL INC. Restricted Stock Unit Agreement
EXHIBIT 99.2
Form of Restricted Stock Unit Agreement for Non-Employee Directors
Recipient:
|
Date of Grant: | |
Identification No.:
|
Number of Units: |
Dell Inc., a Delaware Corporation (the “Company”), is pleased to grant you units representing
shares of the Company’s common stock (the “Shares”), subject to the restrictions described below.
The number of units awarded to you (the “Units”) is stated above. Each Unit represents one Share.
This award is subject to the following terms and conditions.
Restrictions– The Units are subject to the following restrictions (referred to herein as the
“Restrictions”):
Transfer Restrictions — You may not sell, assign, transfer, pledge or otherwise dispose of any
Units with respect to which the Restrictions have not lapsed as described below.
Expiration — If you cease to be a director for any reason other than your death or Permanent
Disability (as defined in the Plan described below), any Units with respect to which the
Restrictions have not lapsed as described below will expire at that time.
Lapse of Restrictions – The Restrictions will lapse with respect to the Units, and you will be
entitled to Shares, in accordance with the following schedule:
| Number | Date | |
If you cease to be a director by reason of your death or Permanent Disability, the Restrictions
will lapse immediately and automatically with respect to all Units upon such termination.
Rights as a Stockholder — You will have no rights as a stockholder with respect to Shares that may
be received by you upon the lapse of Restrictions until the Restrictions have lapsed and those
Shares are registered in your name on the books of the Company’s transfer agent.
Agreement With Respect to Taxes — You must pay any taxes that are required to be withheld by the
Company. You may pay such amounts in cash or make other arrangements satisfactory to the Company
for the payment of such amounts. You agree that if you do not pay, or make arrangements for the
payment of, such amounts, the Company, to the fullest extent permitted by law, shall have the right
to deduct such amounts from any payments of any kind otherwise due to you and shall have the right
to withhold from Units for which Restrictions have lapsed the number of Shares having an aggregate
market value at that time equal to the amount you owe.
Black-Out Periods— In order to minimize the potential for prohibited “insider” trading, the Company
may establish periods from time to time during which you may not engage in transactions involving
the Company’s stock (“Black-Out Periods”). Notwithstanding any other provisions herein,
Restrictions will not lapse with respect to any Units during an applicable Black-Out Period and the
applicable period during which Units shall be subject to the Restrictions shall be extended until
the end of such Black-Out Period.
Incorporation
of Plan — This award is granted the Company’s 2002 Long-Term Incentive Plan and is
governed by the terms of the Plan in addition to the terms and conditions stated herein. All terms
used herein with their initial letters capitalized shall have the meanings given them in the Plan
unless otherwise defined herein. A copy of the Plan is available upon request from the Company’s
Stock Option Administration Department. Shares of common stock that are issued upon the lapse of
Restrictions shall be made available from authorized but unissued shares.
Prospectus — You may at any time obtain a copy of the prospectus related to your purchase of Dell
common stock pursuant to this Unit award agreement by accessing the prospectus at
xxxx://xxxxxx.xx.xxxx.xxx/xxxxx/xxxxxxxxx.xxx. Additionally, you may request a
copy of the prospectus free of charge from the Company by contacting Stock Option Administration in
writing at Stock Option
Administration, One Dell Way, Mail Stop 8038,
Xxxxx Xxxx, Xxxxx 00000, (000) 000-0000 or by e-mail at
Xxxxx_Xxxxxx_Xxxxxxxxxxxxx@xxxx.xxx.
Notice — You agree that notices may be given to you in writing either at your home address as shown
in the records of the Company or by electronic transmission (including e-mail or reference to a
website or other URL) sent to you through the Company’s normal process for communicating
electronically with its dierctors.
Data Privacy Consent — As a condition of the grant of the Units, you consent to the collection, use
and transfer of personal data as described in this paragraph. You understand that the Company and
its Subsidiaries hold certain personal information about you, including your name, home address and
telephone number, date of birth, social security number, nationality, any shares of common stock
held in the Company, and details of all options or other entitlements to shares of common stock
awarded, cancelled, exercised, vested, or unvested (“Data”). You further understand that the
Company and its Subsidiaries will transfer Data amongst themselves as necessary for the purposes of
implementation, administration and management of your participation in the Plan, and that the
Company and any of its Subsidiaries may each further transfer Data to any third parties assisting
the Company in the implementation, administration and management of the Plan. You understand that
these recipients may be located in the European Economic Area or elsewhere, such as the United
States. You authorize them to receive, possess, use, retain and transfer such Data as may be
required for the administration of the Plan or the subsequent holding of shares of common stock on
your behalf, in electronic or other form, for the purposes of implementing, administering and
managing your participation in the Plan, including any requisite transfer to a broker or other
third party with whom you may elect to deposit any shares of common stock acquired under the Plan.
You understand that you may, at any time, view such Data or require any necessary amendments to it.
Acceptance
of Terms and Conditions — This award will not be effective until you have acknowledged
and agreed to the terms and conditions set forth herein by executing this agreement in the space
provided below and returning it to the Company’s Stock Option Administration Department.
Awarded subject to the terms and conditions stated above:
| Accepted under the terms and conditions stated above: | ||||
By:
|
/s/ Xxxxxxxx XxXxxxxx
|
|||
