HEALTHCARE TECHNOLOGY HOLDINGS, INC. THIS AWARD AND ANY SECURITIES DELIVERED HEREUNDER ARE SUBJECT TO RESTRICTIONS ON VOTING AND TRANSFER AND REQUIREMENTS OF SALE AND OTHER PROVISIONS AS SET FORTH IN THE MANAGEMENT STOCKHOLDERS AGREEMENT (AS DEFINED...
Exhibit 10.20
Name of Participant: [ ]
HEALTHCARE TECHNOLOGY HOLDINGS, INC.
2010 EQUITY INCENTIVE PLAN
THIS AWARD AND ANY SECURITIES DELIVERED HEREUNDER ARE SUBJECT TO RESTRICTIONS ON VOTING AND TRANSFER AND REQUIREMENTS OF SALE AND OTHER PROVISIONS AS SET FORTH IN THE MANAGEMENT STOCKHOLDERS AGREEMENT (AS DEFINED IN THE HEALTHCARE TECHNOLOGY HOLDINGS, INC. 2010 EQUITY INCENTIVE PLAN).
HEALTHCARE TECHNOLOGY HOLDINGS, INC. STRONGLY ENCOURAGES YOU TO SEEK THE ADVICE OF YOUR OWN LEGAL AND FINANCIAL ADVISORS WITH RESPECT TO YOUR AWARD AND ITS TAX CONSEQUENCES.
Restricted Stock Unit Award Agreement
Healthcare Technology Holdings, Inc.
c/o IMS Health Incorporated
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Danbury, CT 06810
Agreement made this [ ] day of [ ] (the “Grant Date”), between Healthcare Technology Holdings, Inc., a Delaware corporation (the “Company”), and [ ] (the “Participant”).
1. Restricted Stock Unit Award. The Participant is hereby awarded, pursuant to the Company’s 2010 Equity Incentive Plan (the “Plan”) and subject to its terms (except as provided herein), a Restricted Stock Unit award (the “Award”) giving the Participant the conditional right to receive, without payment but subject to the conditions and limitations set forth in this Agreement and in the Plan, [ ] shares of Stock (the “Shares”). Except as expressly provided herein, all capitalized terms used and not defined herein shall have the same meaning as in the Plan.
2. Vesting. This Award shall become fully vested and payable to the Participant on [ ], provided the Participant is on such date, and has been at all times since the date of this Agreement, employed by the Company or one of its subsidiaries.
3. Delivery of Shares. Subject to Section 5 below, the Company shall, as soon as practicable upon the vesting of the Award (but in no event later than March 15 of the calendar year following the calendar year of such vesting) effect delivery of the Shares to the Participant.
No Shares will be issued pursuant to this Award unless and until all legal requirements applicable to the issuance or transfer of such Shares have been complied with to the satisfaction of the Administrator.
4. Dividends; Other Rights. The Award shall not be interpreted to bestow upon the Participant any equity interest or ownership in the Company or any Affiliate prior to the date on which the Company delivers Shares to the Participant. The Participant is not entitled to vote any Shares by reason of the granting of this Award or to receive or be credited with any dividends declared and payable on any Share prior to the delivery date with respect to such Share. The Participant shall have the rights of a shareholder only as to those Shares, if any, that are actually delivered under this Award and only at such time as such Shares are so delivered to the Participant.
5. Withholding. The vesting of the Award will give rise to “wages” subject to withholding. The Participant expressly acknowledges and agrees that the Participant’s rights hereunder, including the right to be issued Shares upon vesting of the Award, are subject to the Participant promptly paying to the Company in cash (or by such other means as may be acceptable to the Administrator in its discretion) all taxes required to be withheld; provided, upon the vesting of the Award, the Participant may elect to have shares of Stock held back by the Company having a Fair Market Value equal to the applicable minimum tax withholding requirements in accordance with the Plan. The Participant also authorizes the Company and its subsidiaries to withhold such amount from any amounts otherwise owed to the Participant and the Company may so withhold.
6. Nontransferability. Neither this Award nor any rights with respect thereto may be sold, assigned, transferred (other than by will or the laws of descent and distribution), pledged or otherwise encumbered, except as the Administrator may otherwise determine.
7. Provisions of the Plan. This Award is subject in its entirety to the provisions of the Plan, which are incorporated herein by reference. A copy of the Plan as in effect on the date of grant has been furnished to the Participant and the Participant agrees to be bound by the terms of the Plan and this Award. In the event of any conflict between the terms of this Award and the terms of the Plan, the terms of this Award shall control.
8. Other Agreements. The Participant acknowledges and agrees that the Shares delivered under this Award shall be subject to the Management Stockholders Agreement and the transfer and other restrictions, rights, and obligations set forth therein. By executing this Award Agreement, the Participant hereby becomes a party to and bound by the Management Stockholders Agreement as a Manager (as such term is defined in the Stockholders Agreement), without any further action on the part of the Participant, the Company or any other Person.
9. Effect on Employment Rights. This Award shall not confer upon the Participant any right to continue as an employee of the Company or any of its subsidiaries or affiliates and shall not affect in any way the right of the Company or any subsidiary or affiliate of the Company to terminate the Participant’s employment at any time.
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10. S-8 Registration. As soon as practicable after the time that Shares are first registered by the Company pursuant to an effective registration on Form S-1, the Company shall register the Shares issued to the Participant pursuant to this Agreement pursuant to a Form S-8 (or successor registration form); provided that the Participant shall agree to bound by any applicable lock-up agreement in connection with such registration, pursuant to Section 3.6 of the Management Stockholders Agreement or otherwise.
11. Compliance with Section 409A. [Intentionally omitted.]
12. Amendments. No amendment of any provision of this Agreement shall be valid unless the same shall be in writing.
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The Company, by its duly authorized officer, and the Participant have executed this Agreement as of the date first set forth above.
| HEALTHCARE TECHNOLOGY HOLDINGS, INC. | ||
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| Name: | ||
| Title: | ||
| Agreed and Accepted: |
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[SIGNATURE PAGE TO RESTRICTED STOCK UNIT AWARD AGREEMENT]