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Restricted Stock Award Agreement

 

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Title:

Restricted Stock Award Agreement

Entities:

HCA Inc.; OneSource Med, Inc.; Columbia/HCA Healthcare Corporation

Date:

2000

Size:

Preview shows 7KB of 31KB total

Price:

$46

ID:

#314204

 

 

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                        RESTRICTED STOCK AWARD AGREEMENT


THIS RESTRICTED STOCK AWARD AGREEMENT dated as of this 19th day of May,
2000 (the "Agreement"), between OneSource Med, Inc., a Delaware corporation (the
"Company"), an indirect subsidiary of Columbia/HCA Healthcare Corporation
("Columbia/HCA", and together with its direct and indirect subsidiaries, a
"Related Entity") and (the "Grantee").

RECITALS

WHEREAS, the Company has awarded Grantee shares (the "Shares") of the
authorized but unissued common stock, $.001 par value, of the Company (the
"Common Stock") pursuant to the terms of the Columbia/HCA Healthcare Corporation
2000 Incentive and Retention Plan (the "Plan"); and

WHEREAS, the Plan contemplates a written document evidencing the award;

NOW, THEREFORE, in consideration of the premises and the mutual
covenants contained in this Agreement and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, and
intending to be legally bound, the parties agree as follows:

ARTICLE I

AWARD OF SHARES

1.1 Award. Pursuant to the terms of the Plan the Grantee is hereby
awarded such number of shares of the Company's Common Stock set forth beside the
Grantee's name on Schedule I.

1.2 Delivery of Certificates. The certificates representing the Shares
hereunder shall be held in escrow by the Secretary of the Company as provided in
Article VII hereof.

1.3 Stockholder Right. Until such time as any or all of Grantee's
Shares are forfeited pursuant to the terms of this Agreement, if ever, the
Grantee (or any successor in interest) shall have all the rights of a
stockholder (including voting rights) with respect to the Shares, including
Shares held in escrow under Article VII, subject, however, to the transfer
restrictions of Article IV.

ARTICLE II

SECURITIES LAW COMPLIANCE

2.1 Exemption from Registration. Grantee acknowledges that the Shares
have not been registered under the Securities Act of 1933, as amended (the "1933
Act"), and are being issued to the Grantee in reliance upon an exemption from
the registration requirements thereof.

2.2 Restricted Securities. Grantee hereby confirms that he has been
informed that the Shares are restricted securities under the 1933 Act and may
not be resold or transferred unless the

{PAGE} 2

Shares are first registered under the federal securities laws or unless an
exemption from such registration is available. Accordingly, Grantee hereby
acknowledges that Grantee is prepared to hold the Shares for an indefinite
period and that Grantee is aware that Rule 144 of the Securities and Exchange
Commission issued under the 1933 Act is not presently available to exempt the
sale of the Shares from the registration requirements of the 1933 Act.

2.3 Disposition Of Shares. Grantee hereby agrees that Grantee shall
make no disposition of the Shares (other than a permitted transfer under Section
4.1) unless and until Grantee:

a. shall have notified the Company of the proposed disposition
and provided a written summary of the terms and conditions of the proposed
disposition; and

b. shall have complied with all requirements of this Agreement
applicable to the disposition of the Shares (as well as any other applicable
agreement, including, without limitation, that certain Stockholders Agreement
dated as of May 19, 2000 (the "Stockholders Agreement") among the Company,
Grantee and certain other holders of the Company's capital stock).

The Company shall not be required (i) to transfer on its books
any Shares which have been sold or transferred in violation of the provisions of
this Article II, nor (ii) to treat as the owner of the Shares, or otherwise to
accord voting or dividend rights to, any transferee to whom the Shares have been
transferred in contravention of this Agreement. Grantee agrees to pay the
Company's reasonable expenses incurred in connection with any disposition of the
Shares.

2.4 Restrictive Legends. In order to reflect the restrictions on
disposition of the Shares, the stock certificates for the Shares will be
endorsed with the following restrictive legend:

"THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER
THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"),
OR ANY STATE BLUE SKY LAWS, AND MAY NOT BE OFFERED, SOLD,
TRANSFERRED, ASSIGNED, PLEDGED OR HYPOTHECATED ABSENT AN EFFECTIVE
REGISTRATION THEREOF UNDER SUCH ACT AND THE APPLICABLE BLUE SKY
LAWS OR COMPLIANCE WITH RULE 144 PROMULGATED UNDER THE ACT, OR
UNLESS THE COMPANY HAS RECEIVED AN OPINION OF COUNSEL,
SATISFACTORY TO THE COMPANY AND ITS COUNSEL, THAT SUCH
REGISTRATION IS NOT REQUIRED. THE SECURITIES REPRESENTED HEREBY
ARE SUBJECT TO, AND MAY BE TRANSFERRED ONLY IN COMPLIANCE WITH,
THAT CERTAIN RESTRICTED STOCK AWARD AGREEMENT, DATED AS OF MAY 19,
2000, BETWEEN THE COMPANY AND THE HOLDER OF




2
{PAGE} 3

THESE SECURITIES, AND THAT CERTAIN STOCKHOLDERS AGREEMENT DATED AS
OF MAY 19, 2000, COPIES OF WHICH MAY BE OBTAINED AT THE PRINCIPAL
EXECUTIVE OFFICE OF THE COMPANY."

ARTICLE III

SPECIAL TAX ELECTION

3.1 Section 83(b) Election. The Grantee understands that under
Section 83 of the Internal Revenue Code of 1986, as amended (the "Code"), the
fair market value of the Shares on the date any forfeiture restrictions
applicable to such Shares lapse will be reportable as ordinary income to the
Grantee in the tax year in which such restrictions lapse. For this purpose, the
term "forfeiture restrictions" includes the automatic forfeiture of Unvested
Shares (as hereinafter defined) as provided in Article V hereof. The Grantee
understands, however, that he may elect to be taxed at the time the Shares are
acquired hereunder, rather than when and as such Shares cease to be subject to
such forfeiture restrictions, by filing an irrevocable election under Section

 

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