TeleCommunication Systems, Inc. Restricted Stock Award Certificate to Weldon H. Latham (June 12, 2003)

Contract Categories: Business Finance › Stock Agreements
Summary

TeleCommunication Systems, Inc. has granted Weldon H. Latham a Restricted Stock Award of 10,000 shares of Class A common stock under the company's Amended & Restated 1997 Stock Incentive Plan. The shares will fully vest after one year, provided Mr. Latham remains employed with the company. If his employment ends before the vesting date, any unvested shares will be forfeited. The award is subject to the terms of the plan and the accompanying grant agreement.

Read More Arrow
EX-10.52 7 w93020exv10w52.htm EX-10.52 exv10w52  

RESTRICTED STOCK AWARD CERTIFICATE

June 12, 2003

Exhibit 10.52

Weldon H. Latham
2099 Pennsylvania Ave.
Suite 100
Washington, DC 20006 USA

Dear Weldon:

Pursuant to the terms and conditions of the TeleCommunication Systems, Inc. Amended & Restated 1997 Stock Incentive Plan (the “Plan”), you have been granted a Restricted Stock Award (the “Award”) for the number of shares (each an “Award Share”, and collectively, the “Award Shares”) of the Class A common stock, par value $0.01 per share (the “Common Stock”) of TeleCommunication Systems, Inc. (the “Company”) as outlined below. This Certificate constitutes part of and is subject to the terms and provisions of the attached Restricted Stock Grant Agreement (the “Agreement”) which is incorporated herein by reference.

Granted To: Weldon H. Latham
      (the “Employee”)
Grant Date: June 12, 2003
Award Shares Granted: 10,000
Vesting Schedule: 100% after 1 Year

10,000 on 06/12/2004

By my signature below, I hereby acknowledge receipt of this Award granted on the Grant Date shown above, which has been issued to me under the terms and conditions of the Agreement and the Plan. I understand that I will forfeit all unvested Award Shares at the close of business on my last day of employment at TCS. I further acknowledge receipt of the Plan Prospectus and the latest annual report or other SEC filing, and agree to be bound by all of the terms and conditions of the Award, as evidenced in the Agreement, and the Plan.

     
Signature: /s/ Weldon H. Latham
  Date: ________________
                     Weldon H. Latham
    

Note: If there are any discrepancies in the name or address shown above, please make the appropriate corrections on this form.