Computer Associates International, Inc. Restricted Stock Unit Agreement with John A. Swainson
Computer Associates International, Inc. grants John A. Swainson 100,000 restricted stock units under its 2002 Incentive Plan. These units do not represent ownership of company stock until they vest, which occurs in full six months after Swainson's employment ends for any reason. At that time, he will receive 100,000 shares of common stock, subject to applicable securities laws and tax withholding. The agreement is governed by the terms of the company's incentive plan.
Exhibit 10.5
Computer Associates International, Inc.
Restricted Stock Unit Certificate
John A. Swainson | | |
Name of Participant | EmplID |
Grant Number | |||||
Total Number of Restricted Stock Unit Awards Granted | 100,000 | ||||
Grant Date | November 22, 2004 | ||||
This Certificate confirms the grant under the Computer Associates International, Inc. 2002 Incentive Plan, as amended and restated effective as of March 31, 2004 (the Plan), to the above-named participant of the amount of Restricted Stock Units set forth above. This Certificate does not constitute ownership of any shares of Common Stock of Computer Associates International, Inc. (the Company) or confer any rights associated with the ownership of shares, except as expressly set forth herein. This grant is subject in all respects to the applicable terms of the Plan, which are incorporated by reference in this Certificate. A copy of the Plan may be obtained at no cost by contacting the Corporate Treasurer.
This grant will vest in full six (6) months after the date the participants employment terminates for any reason, at which time the Company shall deliver to the participant 100,000 shares of Common Stock, free from all restrictions (other than such restrictions as may be applicable under the federal securities laws).
The Company may satisfy any federal income tax withholding obligations that arise in connection with the vesting of the Restricted Stock Units by withholding shares of Common Stock that are issued pursuant to this award having a Fair Market Value, as defined in the Plan, on the date the shares first become taxable equal to the minimum statutory withholding obligation with respect to such taxable shares.
By | /s/ Jeff Clarke Jeff Clarke Chief Operating Officer |