Attached files
file | filename |
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S-1/A - AMENDMENT NO.6 TO FORM S-1 - DOLE FOOD CO INC | v53746a6sv1za.htm |
EX-4.18 - EX-4.18 - DOLE FOOD CO INC | v53746a6exv4w18.htm |
EX-10.16 - EX-10.16 - DOLE FOOD CO INC | v53746a6exv10w16.htm |
Exhibit 10.22
DOLE FOOD COMPANY, INC.
GRANT NOTICE FOR 2009 STOCK INCENTIVE PLAN
RESTRICTED STOCK
GRANT NOTICE FOR 2009 STOCK INCENTIVE PLAN
RESTRICTED STOCK
FOR GOOD AND VALUABLE CONSIDERATION, Dole Food Company, Inc. (the Company), hereby grants to
Participant named below the number of restricted shares of the Companys common stock, par value
$0.001 (the Common Stock) specified below (the Award), upon the terms and subject to the
conditions set forth in this Grant Notice, the Dole Food Company, Inc. 2009 Stock Incentive Plan
(the Plan) and the Standard Terms and Conditions (the Standard Terms and Conditions) adopted
under such Plan and provided to Participant, each as amended from time to time. This Award is
granted pursuant to the Plan and is subject to and qualified in its entirety by the Standard Terms
and Conditions.
Name of Participant:
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Grant Date: |
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Number of shares of restricted stock: |
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Vesting Schedule: |
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By accepting this Grant Notice, Participant acknowledges that he or she has received and read, and
agrees that this Award shall be subject to, the terms of this Grant Notice, the Plan and the
Standard Terms and Conditions.
DOLE FOOD COMPANY, INC. | ||||
Participant Signature | ||||
By |
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Title:
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Address (please print): | |||
DOLE FOOD COMPANY, INC.
STANDARD TERMS AND CONDITIONS FOR
RESTRICTED STOCK
STANDARD TERMS AND CONDITIONS FOR
RESTRICTED STOCK
These Standard Terms and Conditions apply to the Award of restricted stock granted pursuant to the
Dole Food Company, Inc. 2009 Stock Incentive Plan (the Plan), which are evidenced by a Grant
Notice or an action of the Administrator that specifically refers to these Standard Terms and
Conditions. In addition to these Terms and Conditions, the restricted stock shall be subject to
the terms of the Plan, which are incorporated into these Standard Terms and Conditions by this
reference. Capitalized terms not otherwise defined herein shall have the meaning set forth in the
Plan.
1. TERMS OF RESTRICTED STOCK
Dole Food Company, Inc., a Delaware corporation (the Company), has granted to the
Participant named in the Grant Notice provided to said Participant herewith (the Grant
Notice) an award of a number of restricted shares (the Award or the Restricted Stock)
of the Companys common stock, par value $0.001 (the Common Stock) specified in the Grant
Notice. The Award is subject to the conditions set forth in the Grant Notice, these
Standard Terms and Conditions, and the Plan, each as amended from time to time. For
purposes of these Standard Terms and Conditions and the Grant Notice, any reference to the
Company shall include a reference to any Subsidiary.
2. VESTING OF RESTRICTED STOCK
The Award shall not be vested as of the Grant Date set forth in the Grant Notice and shall
be forfeitable unless and until otherwise vested pursuant to the terms of the Grant Notice
and these Standard Terms and Conditions. After the Grant Date, subject to termination or
acceleration as provided in these Standard Terms and Conditions and the Plan, the Award
shall become vested as described in the Grant Notice with respect to that number of shares
of Restricted Stock as set forth in the Grant Notice. Shares of Restricted Stock that have
vested and are no longer subject to forfeiture are referred to herein as Vested Shares.
Shares of Restricted Stock awarded hereunder that are not vested and remain subject to
forfeiture are referred to herein as Unvested Shares. Notwithstanding anything contained
in these Standard Terms and Conditions to the contrary, upon the Participants Termination
of Employment for any reason (including by reason of death, Retirement or Disability), any
then Unvested Shares (after taking into account any accelerated vesting under Section 12 of
the Plan or any other agreement between the Participant and the Company (including any
accelerated vesting to which the Participant is entitled in the event of a Qualified
Termination under a Change of Control Agreement between the Participant and the Company),
if applicable) held by the Participant shall be forfeited and canceled as of the date of
such Termination of Employment.
3. RIGHTS AS STOCKHOLDER
From and after the Grant Date, the Participant shall have all of the ownership, voting
rights, dividend rights and all other rights of a stockholder of the Company with respect to
the Restricted Stock, except that such rights as to Unvested Shares shall terminate upon the
forfeiture of such Unvested Shares as and to the extent specifically provided in Section 2
above.
4. RESTRICTIONS ON RESALES OF SHARES
The Company may impose such restrictions, conditions or limitations as it determines
appropriate as to the timing and manner of any resales by the Participant or other
subsequent transfers by the Participant of any Vested Shares, including without limitation
(a) restrictions under an insider trading policy, (b) restrictions designed to delay and/or
coordinate the timing and manner of sales by Participant and other holders and (c)
restrictions as to the use of a specified brokerage firm for such resales or other
transfers.
5. INCOME TAXES
To the extent required by applicable federal, state, local or foreign law, the Participant
shall make arrangements satisfactory to the Company for the satisfaction of any withholding
tax obligations that arise by reason of the grant or vesting of the Restricted Stock. The
Company shall not be required to issue shares or to recognize the disposition of such shares
until such obligations are satisfied. Unless the Participant pays the withholding tax
obligations to the Company by cash or check, withholding may be effected, at the Companys
option, by withholding Common Stock issuable in connection with the Award (provided that
shares of Common Stock may be withheld only to the extent that such withholding will not
result in adverse accounting treatment for the Company). The Participant acknowledges that
the Company shall have the right to deduct any taxes required to be withheld by law in
connection with the Award from any amounts payable by it to the Participant (including,
without limitation, future cash wages).
6. NON-TRANSFERABILITY OF UNVESTED SHARES
The Participant represents and warrants that the shares of Restricted Stock are being
acquired by the Participant solely for the Participants own account for investment and not
with a view to or for sale in connection with any distribution thereof. The Participant
further understands, acknowledges and agrees that, except as otherwise provided in the Plan
or as permitted by the Administrator, the Unvested Shares may not be sold, assigned,
transferred, pledged or otherwise directly or indirectly encumbered or disposed of.
7. OTHER AGREEMENTS SUPERSEDED
The Grant Notice, these Standard Terms and Conditions and the Plan constitute the entire
understanding between the Participant and the Company regarding the Restricted Stock.
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Any prior agreements, commitments or negotiations concerning the Restricted Stock are
superseded.
8. LIMITATION OF INTEREST IN SHARES SUBJECT TO RESTRICTED STOCK
Neither the Participant (individually or as a member of a group) nor any beneficiary or
other person claiming under or through the Participant shall have any right, title,
interest, or privilege in or to any shares of Common Stock allocated or reserved for the
purpose of the Plan or subject to the Grant Notice or these Standard Terms and Conditions
except as to such shares of Common Stock, if any, as shall have been issued to such person
in connection with the Award. Nothing in the Plan, in the Grant Notice, these Standard
Terms and Conditions or any other instrument executed pursuant to the Plan shall confer upon
the Participant any right to continue in the Companys employ or service nor limit in any
way the Companys right to terminate the Participants employment at any time for any
reason.
9. GENERAL
In the event that any provision of these Standard Terms and Conditions is declared to be
illegal, invalid or otherwise unenforceable by a court of competent jurisdiction, such
provision shall be reformed, if possible, to the extent necessary to render it legal, valid
and enforceable, or otherwise deleted, and the remainder of these Standard Terms and
Conditions shall not be affected except to the extent necessary to reform or delete such
illegal, invalid or unenforceable provision.
The headings preceding the text of the sections hereof are inserted solely for convenience
of reference, and shall not constitute a part of these Standard Terms and Conditions, nor
shall they affect its meaning, construction or effect.
These Standard Terms and Conditions shall inure to the benefit of and be binding upon the
parties hereto and their respective permitted heirs, beneficiaries, successors and assigns.
These Standard Terms and Conditions shall be construed in accordance with and governed by
the laws of the State of Delaware, without regard to principles of conflicts of law.
In the event of any conflict between the Grant Notice, these Standard Terms and Conditions
and the Plan, the Grant Notice and these Standard Terms and Conditions shall control. In
the event of any conflict between the Grant Notice and these Standard Terms and Conditions,
the Grant Notice shall control.
All questions arising under the Plan or under these Standard Terms and Conditions shall be
decided by the Administrator in its total and absolute discretion.
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10. ELECTRONIC DELIVERY
By executing the Grant Notice, the Participant hereby consents to the delivery of
information (including, without limitation, information required to be delivered to the
Participant pursuant to applicable securities laws) regarding the Company and the
Subsidiaries, the Plan, and the Restricted Stock via Company web site or other electronic
delivery.
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