Form of Restricted Stock Agreement for Non-Employee Directors DELL INC. Restricted Stock Agreement
Exhibit 99.1
Form of Restricted Stock Agreement for Non-Employee Directors
DELL INC.
Restricted Stock Agreement
Restricted Stock Agreement
Recipient:
|
Date of Grant: | |
Identification No.:
|
Number of Shares: |
Dell Inc., a Delaware Corporation (the “Company”), is pleased to grant you shares of the Company’s
common stock, subject to the restrictions described below. The number of shares awarded to you (the
“Shares”) is stated above. This award is subject to the following terms and conditions.
Restrictions and Shares– The Shares 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
Shares with respect to which the Restrictions have not lapsed as described below.
Forfeiture Restrictions — If you cease to be a director for any reason other than your death or
Permanent Disability (as defined in the Plan described below), you will forfeit any Shares with
respect to which the Restrictions have not lapsed as described below. Any Shares that are
forfeited shall be returned to the Company and cancelled, and all of your rights to those Shares
will terminate, without any payment of consideration by the Company.
Lapse of Restrictions – The Restrictions will lapse with respect to the Shares in accordance with
the following schedule:
| Number | Date | |
Notwithstanding the above, 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 Shares
upon such termination.
Ownership of Shares – The Company will issue the Shares in your name in the form of an entry into a
share memo account with the Company’s stock transfer agent. The account will show that the Shares
are subject to the Restrictions. Subject to the terms and conditions described herein, you shall
be entitled to all the rights of beneficial ownership of the Shares while they are held in the
share memo account, including the right to vote the Shares and to receive dividends if, as and when
declared by the Company’s Board of Directors.
Until the Restrictions have lapsed or the Shares are forfeited and cancelled, the Shares shall be
held in the share memo account and you shall not be entitled to receive certificates representing
the Shares. After the Restrictions have lapsed with respect to Shares, you (or, in the case of
your death or Permanent Disability, your legal representatives, legatees, distributees or guardian)
shall have the right to have such Shares certificated and transferred in accordance with the
transfer agent’s procedures generally applicable to all stockholders.
In order to facilitate the transfer back to the Company of any Shares that are forfeited and
cancelled as described herein, you must sign and deliver the attached stock power for the Shares to
the Company’s Stock Option Administration Department. Upon the forfeiture of Shares, such Shares
will be transferred back to the Company pursuant to such stock power and cancelled.
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 Shares 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 Shares during an applicable Black-Out Period and the applicable period during which Shares
shall be subject to the Restrictions shall be extended until the end of such Black-Out Period.
Incorporation
of Plan — This award is granted under 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.
Prospectus — You may at any time obtain a copy of the prospectus related to your purchase of Dell
common stock pursuant to this Share 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 Stock_Option_Administrator @xxxx.xxx.
Data Privacy Consent — As a condition of the grant of the Shares, 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.
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 directors.
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
|
|||
