RESTRICTED STOCK AGREEMENT

EXHIBIT 10.29(d)

RESTRICTED STOCK AGREEMENT

THIS RESTRICTED STOCK AGREEMENT, dated as of                     , 2004 (the “Effective Date”), is made by and among Infonet Services Corporation, a Delaware corporation (the “Company”), and                     , an Employee or Consultant of the Company (the “Holder”):

WHEREAS, the Company has established the 2003 Incentive Award Plan of Infonet Services Corporation (the “Plan”);

WHEREAS, the Company wishes to carry out the Plan (the terms of which are hereby incorporated by reference and made a part of this Agreement);

WHEREAS, the Plan provides for the issuance of shares of the Company’s Common Stock (as defined herein) subject to certain restrictions thereon; and

WHEREAS, the Company has determined that it would be to the advantage and in the best interest of the Company and its stockholders to obtain and retain the services of key Employees and Consultants considered essential to the long range success of the Company by offering them an opportunity to own stock in the Company.

NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto do hereby agree as follows:

ARTICLE I.

DEFINITIONS

1.1 General. Wherever the following terms are used in this Agreement they shall have the meanings specified below, unless the context clearly indicates otherwise. Capitalized terms not defined herein shall have the meanings assigned to such terms in the Plan. The masculine pronoun shall include the feminine and neuter, and the singular the plural, where the context so indicates.

1.2 Consultant. “Consultant” shall mean any consultant or adviser if:

(a) the consultant or adviser renders bona fide services to the Company; and

(b) the services rendered by the consultant or adviser are not in connection with the offer or sale of securities in a capital-raising transaction and do not directly or indirectly promote or maintain a market for the Company’s securities.

For the avoidance of doubt, Consultant shall include employees of foreign country representatives of the Company rendering bona fide services to the Company.

1.3 Disability. “Disability” shall mean permanent and total disability (within the meaning of Section 22(e)(3) of the Code).

ARTICLE II.

AWARD OF RESTRICTED STOCK

2.1 Award of Shares. For good and valuable consideration which has been determined to exceed the par value of its Common Stock, on the date hereof the Company issues to the Holder                      (            ) shares of its Common Stock, par value $0.01, (the “Shares”) upon the terms and conditions set forth in this Agreement.

2.2 Consideration to the Company. As consideration for the issuance of the Shares by the Company, the Holder agrees to remain in the employ of or as a Consultant to the Company, with such duties and responsibilities as the Company (as applicable) shall from time to time prescribe, for a period of at least one year after the Shares are issued. Nothing in this Agreement or in the Plan shall confer upon the Holder any right to continue in the employ of or in the service of the Company or Subsidiary or shall interfere with or restrict in any way the rights of the Company or any Subsidiary which are hereby expressly reserved, to discharge a Holder who is an Employee or Consultant at any time for any reason whatsoever, with or without cause.

ARTICLE III.

RESTRICTIONS

3.1 Forfeiture. Except as described in Section 3.3(b) below, upon the Holder’s Termination of Employment or Termination of Consultancy (each as defined in the Plan), all of the Unreleased Shares (as defined below) shall thereupon be forfeited immediately and without any further action by the Company (the “Forfeiture Restriction”).

3.2 Unreleased Shares Not Transferable. Unless otherwise permitted pursuant to the Plan, no Unreleased Shares or any interest or right therein or part thereof shall be liable for the debts, contracts or engagements of the Holder or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect (the “Transfer Restriction”); provided, however, that this Section 3.2 shall not prevent transfers by will or by applicable laws of descent and distribution. In case of a permitted transfer, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Agreement, and there shall be no further transfer of such Shares except in accordance with the terms of this Section. Any transferee shall acknowledge the same by signing a copy of this Agreement. Transfer or sale of the Shares is subject to restrictions on transfer imposed by any applicable state and federal securities laws.

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3.3 Release of Shares from Restrictions.

(a) Subject to Sections 3.1, 3.6 and 3.7, the Shares shall be released from the Forfeiture Restriction and the Transfer Restriction as follows:

One hundred percent (100%) of the Shares shall be released from the Forfeiture Restriction and the Transfer Restriction on the second anniversary of the Effective Date.

(b) Subject to Sections 3.5 and 3.6, the Shares shall be released from the Forfeiture Restriction and the Transfer Restriction, prior to the second anniversary of the Effective Date, as described in Section 3.1(a) above, in the event of the Holder’s Termination of Employment or Termination of Consultancy by reason of Involuntary Termination (as defined below).

(i) An “Involuntary Termination” shall mean:

(ii) “Misconduct” shall mean the Holder’s Termination of Employment or Termination of Consultancy by reason of Holder’s commission of any act of fraud, embezzlement or dishonesty, any unauthorized use or disclosure by Holder of confidential information or trade secrets of the Company (or any Subsidiary), or any other intentional misconduct by Holder adversely affecting the business or affairs of the Company (or Subsidiary) in a material manner. The foregoing definition shall not in any way preclude or restrict the right of the Company (or any Subsidiary) to discharge or dismiss Holder or any other person in the service of the Company (or any Subsidiary) for any other acts or omissions, but such other acts or omissions shall not be deemed, for purposes of the Plan and this Agreement, to constitute grounds for termination for Misconduct.

(c) Any of the Shares which, from time to time, have not yet been released from the Forfeiture Restriction and the Transfer Restriction are referred to herein as “Unreleased Shares.”

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3.4 Legend. Certificates representing Shares issued pursuant to this Agreement shall, until such Shares are released from the Forfeiture Restriction and the Transfer Restriction and new certificates are issued therefore, bear the following legend:

“THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO FORFEITURE AND CERTAIN RESTRICTIONS ON TRANSFERABILITY UNDER THE TERMS OF THAT CERTAIN RESTRICTED STOCK AGREEMENT BY AND BETWEEN INFONET SERVICES CORPORATION (THE “COMPANY”) AND THE REGISTERED OWNER OF SUCH SHARES, AND SUCH SHARES MAY NOT BE, DIRECTLY OR INDIRECTLY, OFFERED, TRANSFERRED, SOLD, ASSIGNED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF UNDER ANY CIRCUMSTANCES, EXCEPT PURSUANT TO THE PROVISIONS OF SUCH AGREEMENT.”

3.5 Issuance of Certificates for Vested Shares. Subject to Section 3.7, upon the release of Shares from the Forfeiture Restriction and the Transfer Restriction, the Company shall cause new certificates to be issued with respect to such vested Shares and delivered to the Holder or his legal representative, free from the legend provided for in Section 3.4. Such vested Shares shall cease to be subject to the terms and conditions of this Agreement.

3.6 Restrictions On New Shares. In the event that the Holder receives any new or additional or different shares or securities which are attributable to the Holder in his capacity as the registered owner of Shares then subject to Forfeiture Restriction and the Transfer Restriction, such new or additional or different shares or securities shall be considered to be Shares under this Agreement and shall be subject to the Forfeiture Restriction and the Transfer Restriction, unless the Board or the Compensation Committee of the Board (the “Committee”) provides otherwise.

3.7 Tax Withholding. Notwithstanding anything to the contrary in this Agreement, the Company shall be entitled to require payment in cash or deduction from other compensation payable to the Holder of any sums required by federal, state or local tax law to be withheld with respect to the issuance, lapsing of restrictions on or exercise of the Shares. The Board or the Committee may, in their discretion, allow the Holder to deliver shares of Common Stock owned by the Holder duly endorsed for transfer to the Company with an aggregate Fair Market Value on the date of delivery equal to the statutory minimum sums to be withheld. The Company shall not be obligated to deliver any new certificate representing vested Shares to the Holder or his legal representative unless and until the Holder or his legal representative shall have paid or otherwise satisfied in full the amount of all federal, state and local taxes applicable to the taxable income of the Holder resulting from the grant of the Shares or the lapse or removal of the Forfeiture Restriction and the Transfer Restriction.

ARTICLE IV.

MISCELLANEOUS

4.1 Conditions to Issuance of Stock Certificates. The Company shall not be required to issue or deliver any certificate or certificates for shares of stock pursuant to this Agreement prior to fulfillment of all of the following conditions:

(a) The admission of such shares to listing on all stock exchanges on which such class of stock is then listed; and

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(b) The payment by the Holder of all amounts required to be withheld, under federal, state and local tax laws, with respect to the issuance of Shares and/or the lapse or removal of the Forfeiture Restriction and/or the Transfer Restriction; and

(c) The lapse of such reasonable period of time as the Committee may from time to time establish for reasons of administrative convenience.

(d) The completion of any registration or other qualification of such shares under any state or federal law or under rulings or regulations of the Securities and Exchange Commission or of any other governmental regulatory body, which the Committee shall, in its absolute discretion, deem necessary or advisable; and

(e) The obtaining of any approval or other clearance from any state or federal governmental agency which the Committee shall, in its absolute discretion, determine to be necessary or advisable.

4.2 Escrow.

(a) Holder hereby authorizes and directs the Secretary of the Company, or such other person designated by the Company, to transfer the Unreleased Shares as to which the Forfeiture Option is effective from Holder to the Company.

(b) To insure the availability for delivery of Holder’s Unreleased Shares upon forfeiture pursuant to Section 3.1, Holder hereby appoints the Secretary, or any other person designated by the Company as escrow agent, as its attorney-in-fact to sell, assign and transfer unto the Company, such Unreleased Shares, if any, forfeited pursuant to the Forfeiture Option and shall, upon execution of this Agreement, deliver and deposit with the Secretary of the Company, or such other person designated by the Company, the share certificates representing the Unreleased Shares, together with the stock assignment duly endorsed in blank, attached hereto as Exhibit A. If married, Holder shall obtain the consent of his or her spouse to this Agreement in the form attached hereto as Exhibit B. The Unreleased Shares and stock assignment shall be held by the Secretary in escrow, pursuant to the Joint Escrow Instructions of the Company and Holder attached as Exhibit C hereto, until the Forfeiture Restriction becomes effective as provided in Section 3.1, until such Unreleased Shares are vested, or until such time as this Agreement no longer is in effect. Upon vesting of the Unreleased Shares, the escrow agent shall deliver to the Holder, upon request, the certificate or certificates representing such Shares in the escrow agent’s possession belonging to the Holder, and the escrow agent shall be discharged of all further obligations hereunder; provided, however, that the escrow agent shall nevertheless retain such certificate or certificates as escrow agent if so required pursuant to other restrictions imposed pursuant to this Agreement.

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(c) The Company, or its designee, shall not be liable for any act it may do or omit to do with respect to holding the Shares in escrow and while acting in good faith and in the exercise of its judgment.

4.3 Notices. Any notice to be given under the terms of this Agreement to the Company shall be addressed to the Company in care of its Secretary, and any notice to be given to the Holder shall be addressed to him at the address given beneath his signature hereto. By a notice given pursuant to this Section 4.3, either party may hereafter designate a different address for notices to be given to it or him. Any notice which is required to be given to the Holder shall, if the Holder is then deceased, be given to the Holder’s personal representative if such representative has previously informed the Company of his status and address by written notice under this Section 4.3. Any notice shall have been deemed duly given when enclosed in a properly sealed envelope or wrapper addressed as aforesaid, deposited (with postage prepaid) in a post office or branch post office regularly maintained by the United States Postal Service.

4.4 Rights as Stockholder. Except as otherwise provided herein, upon delivery of the Shares to the escrow holder pursuant to Section 4.2, the Holder shall have all the rights of a stockholder with respect to said shares, subject to the restrictions herein, including the right to vote the shares and to receive all dividends or other distributions paid or made with respect to the Shares; provided, however, that any and all shares of Common Stock received by the Holder with respect to such Shares as a result of stock dividends, stock splits or any other form of recapitalization shall also be subject to the Forfeiture Restriction and the Transfer Restriction until such restrictions on the underlying Shares lapse or are removed pursuant to this Agreement.

4.5 Titles. Titles are provided herein for convenience only and are not to serve as a basis for interpretation or construction of this Agreement.

4.6 Conformity to Securities Laws. The Holder acknowledges that the Plan and this Agreement are intended to conform to the extent necessary with all provisions of all applicable federal and state laws, rules and regulations (including but not limited to, the Securities Act and the Exchange Act) and to such approvals by any listing, regulatory or other governmental authority as may, in the opinion of counsel for the Company, be necessary or advisable in connection therewith. Notwithstanding anything herein to the contrary, this Agreement shall be administered, and the Shares shall be issued, only in such a manner as to conform to such laws, rules and regulations. To the extent permitted by applicable law, the Plan, this Agreement and the Shares issued hereunder shall be deemed amended to the extent necessary to conform to such laws, rules and regulations.

4.7 Limitations Applicable to Section 16 Persons. Notwithstanding any other provision of this Agreement or the Plan, this Agreement shall be subject to any additional limitations set forth in any applicable exemptive rule under Section 16 of the Exchange Act (including any amendment to Rule 16b-3) that are requirements for the application of such exemptive rule. To the extent permitted by applicable law and the Plan, this Agreement shall be deemed amended to the extent necessary to conform to such applicable exemptive rule.

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4.8 Governing Law. The laws of the State of Delaware shall govern the interpretation, validity, administration, enforcement and performance of the terms of this Agreement regardless of the law that might be applied under principles of conflicts of laws.

4.9 Survival of Terms. This Agreement shall apply to and bind Holder and the Company and their respective permitted assignees and transferees, heirs, legatees, executors, administrators and legal successors.

4.10 Counterparts. This Agreement may be executed simultaneously in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

4.11 Assignment. Except as otherwise provided herein, the Company’s rights and obligations hereunder may be assigned to any Company Subsidiary or to any successor pursuant to a merger, consolidation or similar event. Subject to the foregoing, this Agreement and the respective rights and obligations of the parties hereto shall inure to the benefit of and be binding upon, the successors and assigns of the parties.

4.12 Invalid Provision. The invalidity or unenforceability of any particular provision hereof shall not affect the other provisions hereof, and this Agreement shall be construed in all respects as if such invalid or unenforceable provision was omitted.

IN WITNESS HEREOF, this Agreement has been executed and delivered by the parties hereto.

(Signature page follows)

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EXHIBIT A

ASSIGNMENT SEPARATE FROM CERTIFICATE(S)

FOR VALUE RECEIVED I,                     , hereby sell, assign and transfer unto                                          (            ) shares of the Common Stock of Infonet Services Corporation registered in my name on the books of said corporation represented by Certificate No(s).                      herewith and do hereby irrevocably constitute and appoint                      to transfer the said stock on the books of the within named corporation with full power of substitution in the premises.

This Assignment Separate from Certificate(s) may be used only in accordance with the Restricted Stock Agreement between Infonet Services Corporation and the undersigned dated                     ,             .

INSTRUCTIONS: Please do not fill in any blanks other than the signature line. The purpose of this assignment is to enable the Company to exercise the Forfeiture Restriction, as set forth in the Restricted Stock Agreement, without requiring additional signatures on the part of Holder.

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EXHIBIT B

CONSENT OF SPOUSE

I,                     , spouse of             , have read and approve the foregoing Agreement. In consideration of granting of the right to my spouse to purchase shares of Infonet Services Corporation set forth in the Restricted Stock Agreement, I hereby appoint my spouse as my attorney-in-fact in respect to the exercise of any rights under the Agreement and agree to be bound by the provisions of the Restricted Stock Agreement insofar as I may have any rights in said Restricted Stock Agreement or any shares issued pursuant thereto under the community property laws or similar laws relating to marital property in effect in the state of our residence as of the date of the signing of the foregoing Restricted Stock Agreement. I understand and acknowledge that I have been advised to seek the advice of legal counsel in executing this consent and that I have been given a meaningful opportunity either to consult with such legal counsel or determine to execute this consent without the advise of legal counsel.

EXHIBIT C

JOINT ESCROW INSTRUCTIONS

                    ,             

Infonet Services Corporation

Attn: Secretary

As Escrow Agent for Infonet Services Corporation (the “Company”) and the undersigned purchaser of stock of the Company (the “Purchaser”), you are hereby authorized and directed to hold the documents delivered to you pursuant to the terms of that certain Restricted Stock Agreement (“Agreement”) between the Company and the undersigned, in accordance with the following instructions:

1. In the event of forfeiture of any of the shares owned by Purchaser pursuant to the Forfeiture Restriction set forth in the Agreement, the Company and/or any assignee of the Company (referred to collectively for convenience herein as the “Company”) shall give to Purchaser and you a written notice specifying the number of shares of stock forfeited and the date of forfeiture. Purchaser and the Company hereby irrevocably authorize and direct you to effect the forfeiture contemplated by such notice in accordance with the terms of said notice.

2. As of the date of forfeiture indicated in such notice, you are directed (a) to date the stock assignments necessary for the forfeiture and transfer in question, (b) to fill in the number of shares being forfeited and transferred, and (c) to deliver the same, together with the certificate evidencing the shares of stock to be forfeited and transferred, to the Company or its assignee.

3. Purchaser irrevocably authorizes the Company to deposit with you any certificates evidencing shares of stock to be held by you hereunder and any additions and substitutions to said shares. Purchaser does hereby irrevocably constitute and appoint you as Purchaser’s attorney-in-fact and agent for the term of this escrow to execute, with respect to such securities, all documents necessary or appropriate to make such securities negotiable and to complete any transaction herein contemplated, including but not limited to the filing with any applicable state blue sky authority of any required applications for consent to, or notice of transfer of, the securities. Subject to the provisions of this paragraph 3, Purchaser shall exercise all rights and privileges of a stockholder of the Company while the stock is held by you.

4. Upon written request of Purchaser, but no more than once per calendar year, unless the Forfeiture Restriction has been triggered, you will deliver to Purchaser a certificate or certificates representing the number of shares of stock as are not then subject to the Forfeiture Restriction. Within one hundred twenty (120) days after any voluntary or involuntary termination of Purchaser’s services to the Company for any or no reason, you will deliver to Purchaser a certificate or certificates representing the aggregate number of shares held or issued pursuant to the Agreement and not forfeited pursuant to the Forfeiture Restriction set forth in Section 3 of the Agreement.

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5. If at the time of termination of this escrow you should have in your possession any documents, securities, or other property belonging to Purchaser, you shall deliver all of the same to Purchaser and shall be discharged of all further obligations hereunder.

6. Your duties hereunder may be altered, amended, modified or revoked only by a writing signed by all of the parties hereto.

7. You shall be obligated only for the performance of such duties as are specifically set forth herein and may rely and shall be protected in relying or refraining from acting on any instrument reasonably believed by you to be genuine and to have been signed or presented by the proper party or parties. You shall not be personally liable for any act you may do or omit to do hereunder as Escrow Agent or as attorney-in-fact for Purchaser while acting in good faith, and any act done or omitted by you pursuant to the advice of your own attorneys shall be conclusive evidence of such good faith.

8. You are hereby expressly authorized to disregard any and all warnings given by any of the parties hereto or by any other person or corporation, excepting only orders or process of courts of law and are hereby expressly authorized to comply with and obey orders, judgments or decrees of any court. In case you obey or comply with any such order, judgment or decree, you shall not be liable to any of the parties hereto or to any other person, firm or corporation by reason of such compliance, notwithstanding any such order, judgment or decree being subsequently reversed, modified, annulled, set aside, vacated or found to have been entered without jurisdiction.

9. You shall not be liable in any respect on account of the identity, authorities or rights of the parties executing or delivering or purporting to execute or deliver the Agreement or any documents or papers deposited or called for hereunder.

10. You shall not be liable for the expiration of any rights under any applicable state, federal or local statute of limitations or similar statute or regulation with respect to these Joint Escrow Instructions or any documents deposited with you.

11. You shall be entitled to employ such legal counsel and other experts as you may deem necessary properly to advise you in connection with your obligations hereunder, may rely upon the advice of such counsel, and the Company shall reimburse you for any reasonable attorneys’ fees incurred in connection therewith.

12. Your responsibilities as Escrow Agent hereunder shall terminate if you shall cease to be an officer or agent of the Company or if you shall resign by written notice to each party. In the event of any such termination, the Company shall appoint a successor Escrow Agent.

13. If you reasonably require other or further instruments in connection with these Joint Escrow Instructions or obligations in respect hereto, the necessary parties hereto shall join in furnishing such instruments.

14. It is understood and agreed that should any dispute arise with respect to the delivery and/or ownership or right of possession of the securities held by you hereunder, you are authorized and directed to retain in your possession without liability to anyone all or any part of

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said securities until such disputes shall have been settled either by mutual written agreement of the parties concerned or by a final order, decree or judgment of a court of competent jurisdiction after the time for appeal has expired and no appeal has been perfected, but you shall be under no duty whatsoever to institute or defend any such proceedings.

15. Any notice required or permitted hereunder shall be given in writing and shall be deemed effectively given upon personal delivery or upon deposit in the United States Post Office, by registered or certified mail with postage and fees prepaid, addressed to each of the other parties thereunto entitled at the addresses set forth on the signature pages hereto or at such other addresses as a party may designate by ten (10) days’ advance written notice to each of the other parties hereto.

16. By signing these Joint Escrow Instructions, you become a party hereto only for the purpose of said Joint Escrow Instructions; you do not become a party to the Agreement.

17. This instrument shall be binding upon and inure to the benefit of the parties hereto, and their respective successors and permitted assigns.

18. These Joint Escrow Instructions shall be governed by, and construed and enforced in accordance with, the laws of the State of California, excluding that body of law pertaining to conflicts of law.

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