FORM OF] THOMAS WEISEL PARTNERS GROUP, INC. EQUITY INCENTIVE PLAN RESTRICTED STOCK UNIT AWARD AGREEMENT
Exhibit
99.4
[FORM
OF]
XXXXXX
XXXXXX PARTNERS GROUP, INC.
EQUITY
INCENTIVE PLAN
Xxxxxx
Xxxxxx Partners Group, Inc., a Delaware corporation (the “Company”),
hereby grants to the “Participant”
this
Award of Restricted Stock units (“RSUs”)
pursuant to the Xxxxxx Xxxxxx Partners Group, Inc., Second Amended and Restated
Equity Incentive Plan (the “Plan”)
upon
the following terms and conditions:
Name
of Participant:
[INSERT
NAME]
Grant
Date:
[INSERT
DATE]
Number
of RSUs:
[INSERT
# of RSUs]
1. |
This
Award is subject to all terms and conditions of this Agreement and
the
Plan. The terms of the Plan are hereby incorporated by reference.
Capitalized terms not otherwise defined herein shall have the meaning
assigned to such term in the Plan.
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2. |
Each
RSU represents an unfunded and unsecured promise of the Company to
deliver
a future payment equal to the Fair Market Value of one Share at the
time
of such payment. Such payment may, at the Committee’s election, be in cash
or Shares or a combination thereof.
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3. |
To
the extent dividends are paid on Shares while the RSUs remain outstanding,
you shall be entitled to receive at the time such dividends are paid
(subject to your continued employment as of the relevant dividend
payment
date), cash payments (less applicable withholding) in amount equivalent
to
cash dividends on Shares with respect to the number of Shares covered
by
the RSUs. If you incur a termination of employment prior to the payment
of
Shares underlying your RSUs but subsequent to the applicable RSUs
vesting
date (as set forth in Paragraph 4 below) you shall be entitled to
receive with respect to such Shares underlying your vested RSUs cash
payments in amount equivalent to cash dividends on Shares regardless
of
whether you continue to be employed as of the relevant dividend payment
date.
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4. |
Subject
to your continued employment as of the relevant vesting date (unless
otherwise provided under the terms and conditions of the Plan or
this
Agreement), in accordance with Paragraph 2 above you shall be
entitled to receive (and the Company shall deliver to you) on the
relevant
vesting date set forth below (or as soon as administratively practicable
thereafter), the number of Shares underlying the RSUs (or a cash
payment
therefore) as of the dates set forth below in accordance with the
following schedule:
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Vesting
Dates = 33.3% of the Shares underlying the RSUs on each of the first three
anniversaries of the grant date
In
the
event that your employment is terminated by the Company without cause, in
accordance with Paragraph 2 above you shall be entitled to receive (and the
Company shall deliver to you) on the relevant scheduled vesting dates set forth
above (or as soon as administratively practicable thereafter), the number of
Shares underlying the RSUs (or a cash payment therefore) as of the scheduled
vesting dates set forth above, notwithstanding that you do not continue to
be
employed by the Company as of such scheduled vesting dates.
5. |
In
accordance with Section 15(a) of the Plan, the Committee may in its
sole
discretion withhold from the payment to you hereunder a sufficient
amount
(in cash or Shares) to provide for the payment of any taxes required
to be
withheld by federal, state or local law with respect to income resulting
from such payment. You have been advised to review with your own
tax
advisors the federal, state, local and foreign tax consequences of
this
investment and the transactions contemplated by this Agreement. You
are
relying solely on such advisors and not on any statements or
representations of the Company or any of its agents. You understand
that
you (and not the Company) shall be responsible for your own tax liability
that may arise as a result of this investment or the transactions
contemplated by this Agreement.
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6. |
The
Company shall have the right to offset against the obligation to
deliver
RSU Shares to you, any outstanding amounts then owed by you to the
Company.
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7. |
An
RSU does not represent an equity interest in the Company, and carries
no
voting rights. You will not have any rights of a shareholder with
respect
to the RSUs until the Shares have been delivered to
you.
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8. |
Notices
hereunder and under the Plan, if to the Company, shall be delivered
to the
Plan administrator (as so designated by the Company) or mailed to
the
Company’s principal office, Xxx Xxxxxxxxxx Xxxxxx, Xxx Xxxxxxxxx,
Xxxxxxxxxx 00000, attention of General Counsel,
or, if to you, shall be delivered to you or mailed to your address
as the
same appears on the records of the
Company.
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9. |
All
decisions and interpretations made by the Board of Directors or the
Committee with regard to any question arising hereunder or under
the Plan
shall be binding and conclusive on all persons. In the event of any
inconsistency between the terms hereof and the provisions of this
Agreement and the Plan, this Agreement shall
govern.
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10. |
By
accepting this Award, you acknowledge receipt of a copy of the Plan,
and
agree to be bound by the terms and conditions set forth in this Agreement
and the Plan, as in effect from time to
time.
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11. |
By
accepting this Award, you further acknowledge that the federal securities
laws and/or the Company’s policies regarding trading in its securities may
limit or restrict your right to buy or sell Shares, including, without
limitation, sales of Shares acquired in connection with your RSUs.
You
agree to comply with such federal securities law requirements and
Company
policies, as such laws and policies are amended from time to
time.
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12. |
The
Committee may waive any conditions or rights under, amend any
terms of, or
amend, alter, suspend, discontinue or terminate the Award granted
under
this Agreement, provided, however, that no such action shall
impair the
rights of a Participant or holder or beneficiary of any Award
under this
Agreement without the consent of such Participant or holder or
beneficiary
of any Award.
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13. |
This
Agreement shall be governed by the laws of the State of New York
without
giving effect to its choice of law
provisions.
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[NAME]
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Xxxxxx
Xxxxxx Partners Group, Inc.
By:
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Signature
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Name:
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Title:
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If
you would like to designate a beneficiary to exercise your rights under this
Agreement in the event of your death, please complete your designation in the
space provided below, as well as please sign and print your name and date in
the
space provided below, and return this Agreement to Xxxxxx Xxxxxx Partners Group,
Inc., Xxx Xxxxxxxxxx Xxxxxx, Xxx Xxxxxxxxx, Xxxxxxxxxx 00000, to the attention
of Human Resources.
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Beneficiary:
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Participant
name
(print
& sign):
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Date:
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