Successors in Interest. This Award Agreement shall inure to the benefit of and be binding upon any successor to the Company and upon the Participant's heirs, executors, administrators and successors. AIR METHODS CORPORATION By: Name: Title: PARTICIPANT Name: 5
EX-10.6 2 t1700128_ex10-6.htm EX-10.10 5 t1700128_ex10-10.htm EXHIBIT
10.6 10.10 Exhibit
10.6 10.10 AIR METHODS CORPORATION 2015 EQUITY INCENTIVE PLAN RESTRICTED STOCK
UNIT AGREEMENT This Restricted Stock
Unit Agreement (this "Award Agreement") is made and entere
...d into as of ____________, _____________ between Air Methods Corporation, a Delaware corporation (the "Company"), and ____________ _____________ (the "Participant"). WHEREAS, the Board has adopted, and the stockholders have approved, the 2015 Equity Incentive Plan (the "Plan"), effective as of May 20, 2015, in order to advance the interests of the Company and its Subsidiaries through the motivation, attraction and retention of its employees and consultants (including nonemployee directors); WHEREAS, the Plan provides for the granting of restricted stock awards units to eligible participants as determined by the Compensation and Stock Option Committee (the "Committee"); WHEREAS, capitalized terms, which are not defined herein, shall have the meaning set forth in the Plan; and WHEREAS, the Committee has determined that the Participant is a person eligible to receive a grant of restricted stock units under the Plan and has determined that it would be in the best interest of the Company to grant the Restricted Shares Stock Units (as defined herein) to the Participant as provided for herein. NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth and for other good and valuable consideration, the parties agree as follows: 1.Grant of Restricted Shares. Stock Units. 1.1 The Company has granted to the Participant, on ____________ _____________ (the "Grant Date"), ____________ shares of _____________ restricted stock units (individually and collectively referred to as the Company's common stock, $0.06 par value per share (the "Common Stock"), "Restricted Stock Units"), subject to such conditions as are provided for in the Plan and this Award Agreement Agreement. Each Restricted Stock Unit represents the right, upon vesting, to receive one share of the Company's common stock, $0.06 par value per share (the "Restricted Shares"). "Common Stock"). 1.2 No Restricted Shares Stock Unit shall vest unless the Company's fiscal year _____ ______ fully diluted earnings per shares common share ("EPS") as reported in the Company's Annual Report on Form 10-K for the ______ fiscal year as filed with the Securities and Exchange Commission (the "______ Form 10-K") is equal to or greater than $_____, $______, after taking into account the expensing of officer bonuses under the _____ ______ Executive Short Term Incentive Plan (the "162(m) Performance Goal"). If the 162(m) Performance Goal is not satisfied, all Restricted Stock Units granted pursuant to this Award Agreement shall be forfeited and cancelled as of the date of the filing of the ______ Form 10-K. 1.3 If the 162(m) Performance Goal is satisfied, the vesting schedule for the Restricted Shares Stock Units shall be as follows: the first third will vest on _____; ______; the second third will vest on _____; ______; and the final third will vest on _____ ______ (each such period, a "Vesting Period"). If 1.4 Notwithstanding the 162(m) Performance Goal foregoing and subject to Section 3 below, the Restricted Stock Units shall vest only if the Participant's service with the Company as an Eligible Person is not satisfied, interrupted or terminated ("Continuous Service") from the Grant Date through the last day of each Vesting Period. The Participant's Continuous Service shall not be deemed to have terminated merely because of a change in the capacity in which the Participant renders service to the Company and/or any Subsidiary. The Committee, in its sole discretion, may determine whether Continuous Service shall be considered interrupted in the case of any leave of absence, including sick leave, military leave or any other personal leave. Upon the termination of the Participant's Continuous Service prior to the end of the last Vesting Period, other than as provided in Section 3 below, all Restricted Shares granted pursuant Stock Units attributable to this Award Agreement Vesting Periods that have not yet been satisfied shall be forfeited and cancelled. 1.4 cancelled, and neither the Participant nor his or her heirs, executors, administrators or successors shall have any right or interest in the forfeited Restricted Stock Units. 1.5 Participant acknowledges receipt of a copy of the Plan, and agrees that this grant of Restricted Shares Stock Units shall be subject to all of the terms and conditions set forth in the Plan, including future amendments thereto, if any, pursuant to the terms thereof, which thereto. The Plan is incorporated herein by reference as a part of this Award Agreement.
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