THE LGL GROUP, INC. RESTRICTED STOCK AGREEMENT (Director)Restricted Stock Agreement • March 24th, 2011 • LGL Group Inc • Electronic components, nec • Delaware
THIS RESTRICTED STOCK AGREEMENT (this “Agreement”), dated __________, 20__, is made by and between The LGL Group, Inc., a Delaware corporation (the “Company”), and __________ (the “Participant”).
THE LGL GROUP, INC. RESTRICTED STOCK AGREEMENTRestricted Stock Agreement • March 24th, 2011 • LGL Group Inc • Electronic components, nec • Delaware
THIS RESTRICTED STOCK AGREEMENT (this “Agreement”), dated __________, 20__, is made by and between The LGL Group, Inc., a Delaware corporation (the “Company”), and __________ (the “Participant”).
The LGL Group, Inc.Indemnification & Liability • March 24th, 2011 • LGL Group Inc • Electronic components, nec • Delaware
In consideration of your services to The LGL Group, Inc., a Delaware corporation (the “Company”), the Company will, to the extent provided herein, indemnify you and hold you harmless from and against any and all “Losses” (as defined below) that you may incur by reason of your election or service as a director, officer, employee, agent, fiduciary or representative of the Company or any “Related Entity” (as defined below) to the fullest extent permitted by law. The Board of Directors of the Company has determined that it is in the best interest of the Company and that it is reasonably prudent and necessary for the Company to contractually obligate itself to indemnify you and to advance expenses on your behalf in order to induce you to serve or to continue to serve the Company free from undue concern that you will not be so indemnified or that any indemnification obligation will not be met.
