0001193125-09-005959 Sample Contracts

AWARD AGREEMENT FOR RESTRICTED SHARES UNDER THE VASCO DATA SECURITY INTERNATIONAL, INC.
Award Agreement • January 14th, 2009 • Vasco Data Security International Inc • Services-computer integrated systems design • Delaware

THIS AWARD AGREEMENT FOR RESTRICTED SHARES (this “Agreement”) is made as of (the “Effective Date”), between VASCO DATA SECURITY INTERNATIONAL, INC. (the “Company”) and (the “Grantee”).

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January 8, 2009 Mr. Clifford K. Bown Executive Vice President, Chief Financial Officer VASCO Data Security International, Inc.
Vasco Data Security International Inc • January 14th, 2009 • Services-computer integrated systems design
VASCO DATA SECURITY INTERNATIONAL, INC. EMPLOYMENT AGREEMENT AMENDMENT
Employment Agreement • January 14th, 2009 • Vasco Data Security International Inc • Services-computer integrated systems design

WHEREAS, VASCO Data Security International, Inc. a Delaware corporation (the “Company”) entered into an Employment Agreement (the “Original Agreement”), dated January 1, 2003, with CLIFFORD K. BOWN (“Executive”);

VASCO DATA SECURITY INTERNATIONAL, INC. EMPLOYMENT AGREEMENT AMENDMENT
Employment Agreement • January 14th, 2009 • Vasco Data Security International Inc • Services-computer integrated systems design

WHEREAS, VASCO Data Security International, Inc. a Delaware corporation (the “Company”) entered into an Employment Agreement (the “Original Agreement”), dated November 20, 2002, with T. KENDALL HUNT (“Executive”); and

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