This excerpt taken from the GVHR 8-K filed Nov 14, 2005.
EXECUTIVE RESTRICTED STOCK AWARD
This RESTRICTED STOCK AWARD (the Award) is made and entered into as of the ___ day of ______________, 200__ by and between Gevity HR, Inc. (the Company), a Florida corporation, and _____________________________ (the Employee).
Upon and subject to the Additional Terms and Conditions attached hereto and incorporated herein by reference as part of this Award, the Company hereby awards as of the Grant Date to the Employee the Restricted Shares described below pursuant to the Gevity HR, Inc. 2005 Stock Incentive Plan (the Plan) in consideration of the Employees services to the Company (the Restricted Stock Award).
The Restricted Shares which have become vested pursuant to the Vesting Schedule are herein referred to as the Vested Shares. Any and all unvested Restricted Shares determined as of the Employees Termination of Employment will be forfeited and returned to the Company. The Employee shall receive one Year of Vesting Service for each full consecutive one-year period during the period beginning with the Grant Date and ending on the date the Employee experiences a Termination of Employment, regardless of the reason. Any portion of the Restricted Shares which are not vested at the time of Employees Termination of Employment shall be forfeited. Notwithstanding the foregoing, in the event of the occurrence of any Change in Control (as defined in Section 15 of the Additional Terms and Conditions) following the Grant Date but prior to the Employees Termination of Employment, any previously unvested Restricted Shares shall become immediately vested.
IN WITNESS WHEREOF, the Company and Employee have signed this Award as of the Grant Date set forth above.