[YEAR] RESTRICTED STOCK AWARD AGREEMENT
We are pleased to advise you that the Board of Directors of Office Depot, Inc. (the Board and the Company, respectively) has on [DATE] (the Grant Date) granted you a restricted stock award (your Award) pursuant to the Office Depot, Inc. 2019 Long-Term Incentive Plan (the Plan). Capitalized terms used but not defined in this [YEAR] Restricted Stock Award Agreement (the Agreement) have the meanings given to them in the Plan. This Award is subject to federal and local law and the requirements of the NASDAQ Stock Market LLC.
You have been granted [NUMBER] shares of the Companys common stock subject to the provisions and restrictions contained in the Plan and this Agreement (the Shares).
The Shares are fully vested on the Grant Date.
Your Award is intended to conform in all respects with, and is subject to, all applicable provisions of the Plan which is incorporated herein by reference. Inconsistencies between this Agreement and the Plan shall be resolved in accordance with the terms of the Plan except as expressly provided otherwise in this Agreement. The Compensation Committee of the Board (the Committee) reserves its right to amend or terminate the Plan at any time without your consent; provided, however, that this Award shall not, without your written consent, be adversely affected thereby (except to the extent the Committee reasonably determines that such amendment or termination is necessary or appropriate to comply with applicable law or the rules or regulations of any stock exchange on which the Companys stock is listed or quoted). All interpretations and determinations of the Committee or its delegate shall be final, binding and conclusive upon you and your legal representatives with respect to any question arising hereunder or under the Plan or otherwise, including guidelines, policies or regulations which govern administration of the Plan.
By executing and returning the enclosed copy of this Agreement, you agree to be bound by all of the terms of the Plan, and you acknowledge availability and accessibility of the Plan document, the Plan prospectus, and either the Companys latest annual report to shareholders or annual report on Form 10-K on the Plan and/or Company websites. You understand that you may request paper copies of the foregoing documents by contacting the Companys Senior Director, Total Rewards, at [NUMBER].
|4. || |
Restrictions on Shares
All certificates for Shares shall be subject to such stop-transfer orders and other restrictions as the Committee may deem advisable under the rules, regulations, and other requirements of the Securities and Exchange Commission, any listing standards of any exchange or self-regulatory organization on which the common stock of the Company is listed, and any applicable federal or state laws; and the Committee may
BOD Restricted Stock