Exhibit 99.4
CBRE GROUP, INC.
2012 EQUITY INCENTIVE PLAN
RESTRICTED STOCK GRANT NOTICE
CBRE Group, Inc. (the Company), pursuant to its 2012 Equity Incentive Plan, as amended (the Plan), hereby grants to the Participant identified below an award (the Award) of that number of shares of the Companys Class A Common Stock set forth below (the Shares). This Award is subject to all of the terms and conditions set forth herein and in the Restricted Stock Agreement, the Plan, the form of Assignment Separate from Certificate and the form of Joint Escrow Instructions (collectively, the Award Documents), all of which are attached hereto and incorporated herein in their entirety.
Participant: |
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Grant Date: |
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Vesting Commencement Date: |
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Number of Shares: |
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Fair Market Value on Grant Date (Per Share): | $ |
Vesting Schedule: | [ ] | |
Consideration: | No payment is required for the Shares, although payment may be required for the amount of any withholding taxes due as a result of the award of, or vesting of, the Shares, as described in greater detail in the Restricted Stock Agreement. |
Additional Terms/Acknowledgements: The undersigned Participant acknowledges receipt of the Award Documents and the Plan Prospectus, and understands and agrees to terms set forth in the Award Documents. Participant further acknowledges that as of the Grant Date, the Award Documents set forth the entire understanding between Participant and the Company regarding the acquisition of shares of the Companys Common Stock and supersede all prior oral and written agreements on that subject with the exception of (i) Awards previously granted and delivered to Participant under the Plan, and (ii) the following agreements only, if any:
OTHER AGREEMENTS: |
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CBRE GROUP, INC.: | PARTICIPANT: | |||||||
By: |
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Signature | Signature | |||||||
Title: |
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Date: |
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Date: |
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ATTACHMENTS:
I. | Restricted Stock Agreement |
II. | CBRE Group, Inc. 2012 Equity Incentive Plan |
III. | Form of Assignment Separate from Certificate |
IV. | Form of Joint Escrow Instructions |
V. | Form of Internal Revenue Code Section 83(b) Election |
Attachment I
Restricted Stock Agreement
CBRE GROUP, INC.
2012 EQUITY INCENTIVE PLAN
RESTRICTED STOCK AGREEMENT
Pursuant to the provisions of the Companys 2012 Equity Incentive Plan (Plan), the terms of the Restricted Stock Grant Notice to which this Restricted Stock Agreement is attached (Grant Notice) and this Restricted Stock Agreement (Agreement), CBRE Group, Inc. (the Company, and together with its Subsidiaries and Affiliates, the Company Group) grants you that number of shares of Common Stock indicated in the Grant Notice. Defined terms not explicitly defined in this Agreement but defined in the Plan shall have the same definitions as in the Plan.
The details of your Award are as follows:
1. THE AWARD. The Company hereby awards to you the aggregate number of shares of Common Stock specified in your Grant Notice (the Shares). The Shares are awarded to you in consideration for your continued service to the Company or the Company Group.
2. DOCUMENTATION. As a condition to the award of the Shares, and prior to the receipt of any share certificates by you, you agree to execute the Grant Notice, one (1) copy of the Assignment Separate From Certificate (with date and number of shares blank) substantially in the form attached to the Grant Notice as Attachment III, and one (1) copy of the Joint Escrow Instructions substantially in the form attached to the Grant Notice as Attachment IV, and to deliver the same to the Company, along with such additional documents as the Company may require, within the time period prescribed by the Company or else this Award shall be forfeited without consideration.
3. CONSIDERATION FOR THE AWARD. No cash payment is required for the Shares, although you may be required to tender payment in cash or other acceptable form of consideration for the amount of any withholding taxes due as a result of the award of, or vesting of, the Shares.
4. VESTING. Subject to the limitations contained in this Agreement and the Plan, the Shares will vest as provided in the Grant Notice. Any Shares which have not vested as of the date of the Participants termination of Continuous Service shall thereupon be forfeited immediately and without any further action by the Company, except as otherwise directed by the Committee.
5. NUMBER OF SHARES AND PURCHASE PRICE. The number of Shares subject to your Award may be adjusted from time to time pursuant to the provisions of Section 13 of the Plan.
6. CERTIFICATES. Certificates evidencing the Shares shall be issued by the Company and shall be registered in your name promptly after the Grant Date, but shall remain in the physical custody of the Company or its designee at all times prior to the vesting of such Shares pursuant to Section 4.
7. TRANSFER RESTRICTIONS. Shares that are received under your Award are subject to the transfer restrictions set forth in the Plan and any transfer restrictions that may be described in the Companys bylaws or charter or insider trading policies in effect at the time of the contemplated transfer.
8. RIGHTS AS A STOCKHOLDER. You shall be the record owner of the Shares until or unless such Shares are reacquired by the Company pursuant to Section 4 hereof, and as record owner shall be entitled to all rights of a common stockholder of the Company, including, without limitation, voting rights with respect to the Shares and you shall receive, when paid, any dividends on all of the Shares granted hereunder as to which you are the record holder on the applicable record date; provided that (i) any cash or in-kind dividends paid with respect to the Shares which have not previously vested shall be withheld by the Company and shall be paid to you only when, and if, such Shares shall become fully vested pursuant to Section 4, and (ii) the Shares shall be subject to the limitations on transfer and encumbrance set forth herein. As soon as practicable following the vesting of any Shares pursuant to Section 4, certificates for the Shares which shall have vested shall be delivered to you or your legal guardian or representative.
9. SECURITIES LAWS. Upon the vesting of any Shares, you will make or enter into such written representations, warranties and agreements as the Committee may reasonably request in order to comply with applicable securities laws or with this Agreement.
10. LEGENDS ON CERTIFICATES. The certificates representing the vested Shares delivered to you as contemplated by this Agreement shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the Plan or the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange upon which such Shares are listed, and any applicable Federal or state laws, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions.
11. AWARD NOT A SERVICE CONTRACT. Your Award is not an employment or service contract, and nothing in your Award shall be deemed to create in any way whatsoever any obligation or right to continued employment or service with or to the Company Group. In addition, nothing in your Award shall obligate the Company, its stockholders, its Board or employees to continue any relationship that you might have as a member of the Companys Board of Directors, as an employee or as any other type of service provider for the Company.
12. TAX CONSEQUENCES.
(a) You are responsible for any taxes due in connection with your receipt of this Award, including the vesting of such Award, and for declaring the Award to the relevant tax authority to which you are subject, if required.
(b) The acquisition and vesting of the Shares may have adverse tax consequences to Participant that may be avoided or mitigated by filing an election under Section 83(b) of the Internal Revenue Code of 1986, as amended (the Code). Such election must be filed within thirty (30) days after the date the shares pursuant to your Award are granted to Participant. A form of Code Section 83(b) election is provided in Attachment V. PARTICIPANT ACKNOWLEDGES THAT IT IS HIS/HER OWN RESPONSIBILITY, AND NOT THE COMPANYS, TO FILE A TIMELY ELECTION UNDER SECTION 83(b) OF THE CODE, EVEN IF PARTICIPANT REQUESTS THE COMPANY TO MAKE THE FILING ON PARTICIPANTS BEHALF.
13. WITHHOLDING OBLIGATIONS.
(a) At the time your Award is made, or at any time thereafter as requested by the Company Group, you hereby authorize the Company Group to satisfy its withholding obligations, if any, from payroll and any other amounts payable to you (or, in the Companys discretion, from Shares that become vested under this Award), and otherwise agree to make adequate provision for any sums required to satisfy the federal, state, local and foreign tax withholding obligations of the Company Group, if any, which arise in connection with your Award.
(b) Unless the tax withholding obligations of the Company Group, if any, are satisfied, the Company shall have no obligation to issue a certificate for such shares or release such Shares from any escrow provided for herein.
14. NOTICES. Any notices provided for in your Award or the Plan shall be given in writing and shall be delivered by hand or sent by overnight courier, certified or registered mail, return receipt requested, postage prepaid, or electronic mail and shall be deemed effectively given upon receipt or, in the case of notices delivered by the Company to you, five (5) days after deposit in the United States mail, postage prepaid, addressed to you at the last address you provided to the Company.
15. MISCELLANEOUS.
(a) You agree upon request to execute any further documents or instruments necessary or desirable in the sole determination of the Company to carry out the purposes or intent of this Award (as defined in the Grant Notice to which this Agreement is attached).
(b) You acknowledge and agree that you have reviewed your Award in its entirety, have had an opportunity to obtain the advice of counsel prior to executing and accepting your Award and fully understand all provisions of your Award.
(c) The waiver by either party of compliance with any provision of the Award by the other party shall not operate or be construed as a waiver of any other provision of the Award, or of any subsequent breach by such party of a provision of the Award.
16. GOVERNING PLAN DOCUMENT. Your Award is subject to all interpretations, amendments, rules and regulations that may from time to time be promulgated and adopted pursuant to the Plan. In the event of any conflict between the provisions of the Plan and any other document, the provisions of the Plan shall control.
Attachment II
CBRE Group, Inc.
2012 Equity Incentive Plan
Attachment III
Form of Assignment Separate from Certificate
ASSIGNMENT SEPARATE FROM CERTIFICATE
FOR VALUE RECEIVED and pursuant to that certain Restricted Stock Grant Notice and Restricted Stock Agreement, hereby sells, assigns and transfers unto CBRE Group, Inc., a Delaware corporation (Assignee) ( ) shares of the Common Stock of the Assignee (Shares), standing in the undersigneds name on the books of said corporation represented by Certificate No. herewith and do hereby irrevocably constitute and appoint as attorney-in-fact to transfer the said stock on the books of the within named Assignee with full power of substitution in the premises. This Assignment may be used only in accordance with and subject to the terms and conditions of the Award (as defined in the Restricted Stock Grant Notice to which this document is attached), in connection with the reacquisition of the Shares issued to the undersigned pursuant to the Award, and only to the extent that such Shares remain subject to the Assignees rights to reacquire the shares under the Award.
Dated: |
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Signature: |
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Print Name: [Name of Recipient] |
[INSTRUCTION: Please do not fill in any blanks other than the signature line. The purpose of this Assignment is to enable the Company to administer its automatic reacquisition right set forth in the Award without requiring additional signatures on your part.]