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Viasat Inc – ‘10-K’ for 4/3/15 – ‘EX-10.6’

On:  Friday, 5/22/15, at 8:26pm ET   ·   As of:  5/26/15   ·   For:  4/3/15   ·   Accession #:  1193125-15-199042   ·   File #:  0-21767

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/26/15  Viasat Inc                        10-K        4/03/15  101:11M                                    Donnelley … Solutions/FA

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   1.29M 
 2: EX-10.4     Material Contract                                   HTML     61K 
 3: EX-10.5     Material Contract                                   HTML     62K 
 4: EX-10.6     Material Contract                                   HTML     42K 
 5: EX-10.7     Material Contract                                   HTML     50K 
 6: EX-21.1     Subsidiaries List                                   HTML     31K 
 7: EX-23.1     Consent of Experts or Counsel                       HTML     31K 
 8: EX-31.1     Certification -- §302 - SOA'02                      HTML     35K 
 9: EX-31.2     Certification -- §302 - SOA'02                      HTML     35K 
10: EX-32.1     Certification -- §906 - SOA'02                      HTML     32K 
71: R1          Document and Entity Information                     HTML     62K 
58: R2          Consolidated Balance Sheets                         HTML    142K 
69: R3          Consolidated Balance Sheets (Parenthetical)         HTML     55K 
74: R4          Consolidated Statements of Operations and           HTML    138K 
                Comprehensive Income (Loss)                                      
93: R5          Consolidated Statements of Cash Flows               HTML    175K 
60: R6          Consolidated Statements of Equity                   HTML    144K 
68: R7          The Company and a Summary of Its Significant        HTML    113K 
                Accounting Policies                                              
53: R8          Composition of Certain Balance Sheet Captions       HTML     81K 
42: R9          Fair Value Measurements                             HTML     61K 
94: R10         Goodwill and Acquired Intangible Assets             HTML     64K 
76: R11         Senior Notes and Other Long-Term Debt               HTML     78K 
75: R12         Common Stock and Stock Plans                        HTML     80K 
81: R13         Shares Used In Computing Diluted Net Income (Loss)  HTML     47K 
                Per Share                                                        
82: R14         Income Taxes                                        HTML    100K 
79: R15         Acquisition                                         HTML     55K 
83: R16         Employee Benefits                                   HTML     36K 
70: R17         Commitments                                         HTML     44K 
72: R18         Contingencies                                       HTML     48K 
78: R19         Product Warranty                                    HTML     42K 
101: R20         Comprehensive Income (Loss)                         HTML     57K  
89: R21         Segment Information                                 HTML    116K 
64: R22         Certain Relationships and Related-Party             HTML     49K 
                Transactions                                                     
77: R23         Schedule II Valuation and Qualifying Accounts       HTML     49K 
66: R24         The Company and a Summary of Its Significant        HTML    265K 
                Accounting Policies (Policies)                                   
33: R25         Composition of Certain Balance Sheet Captions       HTML     81K 
                (Tables)                                                         
90: R26         Fair Value Measurements (Tables)                    HTML     49K 
97: R27         Goodwill and Acquired Intangible Assets (Tables)    HTML     61K 
47: R28         Senior Notes and Other Long-Term Debt (Tables)      HTML     63K 
46: R29         Common Stock and Stock Plans (Tables)               HTML     78K 
51: R30         Shares Used In Computing Diluted Net Income (Loss)  HTML     43K 
                Per Share (Tables)                                               
52: R31         Income Taxes (Tables)                               HTML     97K 
54: R32         Acquisition (Tables)                                HTML     48K 
25: R33         Commitments (Tables)                                HTML     37K 
87: R34         Contingencies (Tables)                              HTML     36K 
62: R35         Product Warranty (Tables)                           HTML     41K 
65: R36         Comprehensive Income (Loss) (Tables)                HTML     53K 
37: R37         Segment Information (Tables)                        HTML    116K 
100: R38         Certain Relationships and Related-Party             HTML     45K  
                Transactions (Tables)                                            
17: R39         The Company and a Summary of Its Significant        HTML    117K 
                Accounting Policies - Additional Information                     
                (Detail)                                                         
55: R40         The Company and a Summary of Its Significant        HTML    141K 
                Accounting Policies - Additional Information 1                   
                (Detail)                                                         
92: R41         Composition of Certain Balance Sheet Captions -     HTML    196K 
                Composition of Certain Balance Sheet Captions                    
                (Detail)                                                         
35: R42         Composition of Certain Balance Sheet Captions -     HTML     54K 
                Composition of Certain Balance Sheet Captions                    
                (Parenthetical) (Detail)                                         
45: R43         Fair Value Measurements - Assets Measured at Fair   HTML     51K 
                Value on Recurring Basis (Detail)                                
50: R44         Fair Value Measurements - Additional Information    HTML     54K 
                (Detail)                                                         
59: R45         Goodwill and Acquired Intangible Assets -           HTML     53K 
                Additional Information (Detail)                                  
24: R46         Goodwill and Acquired Intangible Assets - Expected  HTML     50K 
                Amortization Expense for Acquired Intangible                     
                Assets (Detail)                                                  
41: R47         Goodwill and Acquired Intangible Assets -           HTML     70K 
                Allocation of Other Acquired Intangible Assets and               
                Related Accumulated Amortization (Detail)                        
19: R48         Senior Notes and Other Long-Term Debt - Components  HTML     88K 
                of Long-Term Debt (Detail)                                       
91: R49         Senior Notes and Other Long-Term Debt - Aggregate   HTML     59K 
                Payments on Long-Term Debt Obligations (Detail)                  
34: R50         Senior Notes and Other Long-Term Debt - Additional  HTML    166K 
                Information (Detail)                                             
88: R51         Common Stock and Stock Plans - Additional           HTML    103K 
                Information (Detail)                                             
38: R52         Common Stock and Stock Plans - Summary of           HTML     41K 
                Stock-based Compensation Expense (Detail)                        
56: R53         Common Stock and Stock Plans - Summary of Employee  HTML     56K 
                Stock Options and Employee Stock Purchase Plan                   
                Weighted Average Assumptions (Detail)                            
18: R54         Common Stock and Stock Plans - Summary of Employee  HTML     75K 
                Stock Option Activity (Detail)                                   
22: R55         Common Stock and Stock Plans - Summary of           HTML     68K 
                Restricted Stock Unit Activity (Detail)                          
48: R56         Shares Used in Computing Diluted Net (Loss) Income  HTML     48K 
                Per Share - Shares Used in Computing Diluted Net                 
                (Loss) Income Per Share (Detail)                                 
28: R57         Shares Used in Computing Diluted Net (Loss) Income  HTML     47K 
                Per Share - Additional Information (Detail)                      
95: R58         Income Taxes - Summary of Provision for Income      HTML     71K 
                Taxes (Detail)                                                   
61: R59         Income Taxes - Components of Net Deferred Tax       HTML     76K 
                Assets (Detail)                                                  
80: R60         Income Taxes - Reconciliation of Provision for      HTML     62K 
                Income Taxes to Amount Computed by Applying                      
                Statutory Federal Income Tax Rate to Income before               
                Income Taxes (Detail)                                            
40: R61         Income Taxes - Additional Information (Detail)      HTML     80K 
43: R62         Income Taxes - Summary of Activity Related to       HTML     48K 
                Unrecognized Tax Benefits (Detail)                               
86: R63         Acquisition - Additional Information (Detail)       HTML     46K 
84: R64         Acquisition - Summary of Purchase Price Allocation  HTML     61K 
                of Acquired Assets and Assumed Liabilities Based                 
                on Estimated Fair Values (Detail)                                
63: R65         Acquisition - Amounts Assigned to Identifiable      HTML     47K 
                Intangible Assets and Estimated Weighted Average                 
                Useful Lives (Detail)                                            
85: R66         Employee Benefits - Additional Information          HTML     36K 
                (Detail)                                                         
39: R67         Commitments - Additional Information (Detail)       HTML     91K 
67: R68         Commitments - Summary of Future Minimum Lease       HTML     52K 
                Payments (Detail)                                                
96: R69         Contingencies - Additional Information (Detail)     HTML     63K 
21: R70         Contingencies - Summary of Consideration Assigned   HTML     40K 
                to Identifiable Elements (Detail)                                
32: R71         Product Warranty - Additional Information (Detail)  HTML     32K 
57: R72         Product Warranty - Change in Company's Warranty     HTML     41K 
                Accrual (Detail)                                                 
27: R73         Comprehensive Income (Loss) - Changes in the        HTML     62K 
                Components of Accumulated Other Comprehensive                    
                Income (Loss), Net of Taxes (Detail)                             
99: R74         Segment Information - Segment Revenues and          HTML     97K 
                Operating Profits (Losses) (Detail)                              
36: R75         Segment Information - Segment Revenues and          HTML     48K 
                Operating Profits (Losses) (Parenthetical)                       
                (Detail)                                                         
29: R76         Segment Information - Segment Assets (Detail)       HTML     48K 
                (Detail)                                                         
31: R77         Segment Information - Other Net Acquired            HTML     61K 
                Intangible Assets, Net and Goodwill Included in                  
                Segment Assets and Amortization of Acquired                      
                Intangible Assets by Segment (Detail)                            
23: R78         Segment Information - Revenue Information by        HTML     48K 
                Geographic Area (Detail)                                         
26: R79         Segment Information - Additional Information        HTML     34K 
                (Detail)                                                         
73: R80         Certain Relationships and Related-Party             HTML     47K 
                Transactions - Schedule of Related Party Revenue                 
                and Expenses, and Cash Paid and Received (Detail)                
30: R81         Schedule II - Valuation and Qualifying Accounts     HTML     54K 
                (Detail)                                                         
98: XML         IDEA XML File -- Filing Summary                      XML    157K 
20: EXCEL       IDEA Workbook of Financial Reports                  XLSX    262K 
44: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS   1.44M 
11: EX-101.INS  XBRL Instance -- vsat-20150403                       XML   2.31M 
13: EX-101.CAL  XBRL Calculations -- vsat-20150403_cal               XML    326K 
14: EX-101.DEF  XBRL Definitions -- vsat-20150403_def                XML   1.03M 
15: EX-101.LAB  XBRL Labels -- vsat-20150403_lab                     XML   1.78M 
16: EX-101.PRE  XBRL Presentations -- vsat-20150403_pre              XML   1.38M 
12: EX-101.SCH  XBRL Schema -- vsat-20150403                         XSD    192K 
49: ZIP         XBRL Zipped Folder -- 0001193125-15-199042-xbrl      Zip    261K 


‘EX-10.6’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  EX-10.6  

Exhibit 10.6

VIASAT, INC.

1996 EQUITY PARTICIPATION PLAN

RESTRICTED STOCK UNIT AWARD AGREEMENT

(INDEPENDENT DIRECTOR VERSION)

 

 

 

Grant:              Restricted Stock Units (“RSUs”) Name:

 

Grant Date:

 

Signature:

 

 

 

ACCEPTANCE OF RSU AWARD:

By signing where indicated above, you agree to be bound by the terms and conditions of this Restricted Stock Unit Award Agreement (the “Agreement”) and the 1996 Equity Participation Plan of ViaSat, Inc. (as amended from time to time, the “Plan”). You acknowledge that you have reviewed and fully understand all of the provisions of this Agreement and the Plan, and have had the opportunity to obtain advice of counsel prior to accepting the grant of RSUs pursuant to this Agreement. You hereby agree to accept as binding, conclusive and final all decisions or interpretations of the Board upon any questions relating to this Agreement and the Plan.

 

 


TERMS AND CONDITIONS OF RSU AWARD:

1. Grant. Effective on the Grant Date, you have been granted the number of shares indicated above of RSUs providing you the right to receive Common Stock of ViaSat, Inc., a Delaware corporation (the “Company”), as the RSU vests, in accordance with the provisions of this Agreement and the provisions of the Plan.

2. Forfeiture Upon Termination. Until vested, the RSU shall be subject to forfeiture in the event of your Termination of Directorship for any reason, whether such termination is occasioned by you, by the Company or any of its Subsidiaries, with or without cause or by mutual agreement.

3. Transferability. Until vested and issued upon settlement, the RSU or any right or interest therein is not transferable except by will or the laws of descent and distribution. Until Common Stock is issued upon settlement of the RSU, you will not be deemed for any purpose to be, or have rights as, a Company shareholder by virtue of this award. You are not entitled to vote any shares of Common Stock by virtue of this award.

4. Vesting. The RSU will vest and no longer be subject to the restrictions of and forfeiture under this Agreement as follows: [To be included in individual agreements]. Notwithstanding the foregoing, the RSU shall be fully vested upon your Termination of Directorship by reason of death or permanent disability. “Permanent disability” means that you are unable to perform your duties by reason of any medically determined physical or mental impairment which can be expected to result in death or which has lasted or is expected to last for a continuous period of at least 12 months, as reasonably determined by the Board, in its discretion.

5. Payment After Vesting. Within ten days following the vesting of the RSU, you will be issued shares of Common Stock equal to the number of vested shares, in settlement of the RSU (subject to the withholding requirements described in Section 6 below, as applicable).

6. Withholding.

(a) The Company has the authority to deduct or withhold, or require you to remit to the Company, an amount sufficient to satisfy applicable Federal, state, local and foreign taxes (including any FICA obligation) required by law to be withheld with respect to any taxable event arising from the vesting of the RSU and/or receipt of the shares of Common Stock upon settlement of the RSU. At any time not less than five business days before any such tax withholding obligation arises, you may satisfy your tax obligation, in whole or in part, by either: (i) electing to have the Company withhold from cash compensation payable to you or shares otherwise to be delivered upon settlement of the RSU with a Fair Market Value equal to the minimum amount of the tax withholding obligation, or (ii) paying the amount of the tax withholding obligation directly to the Company in cash. Unless you choose to satisfy your tax withholding obligation in accordance with subsection (ii) above, your tax withholding obligation will be automatically satisfied in accordance with subsection (i) above. The Board will have the right to disapprove an election to pay your tax withholding obligation under subsection (ii) in its sole discretion.

(b) In the event your tax withholding obligation will be satisfied under subsection (i) of Section 6(a) above, then the Company, upon approval of the Board, may elect (in lieu of withholding shares) to instruct any brokerage firm determined acceptable to the Company for such purpose to sell on your behalf (pursuant to this authorization) a whole number of shares of Common Stock issuable to you upon settlement of the RSU as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy your tax withholding obligation. Your

 

2


acceptance of this RSU constitutes your instruction and authorization to the Company and such brokerage firm to complete the transactions described in the previous sentence, as applicable. Such shares will be sold on the day the tax withholding obligation arises or as soon thereafter as practicable. The shares may be sold as part of a block trade with other participants of the Plan in which all participants receive an average price. You will be responsible for all broker’s fees and other costs of sale, and you agree to indemnify and hold the Company harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed your tax withholding obligation, the Company agrees to pay such excess in cash to you as soon as practicable. You acknowledge that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy your tax withholding obligation.

(c) The Company may refuse to issue any Common Stock in settlement of your RSU to you until your tax withholding obligations are satisfied. To the maximum extent permitted by law, the Company has the right to retain without notice from shares issuable under the RSU or from salary payable to you, shares or cash having a value sufficient to satisfy your tax withholding obligation.

7. No Effect on Continued Service. Nothing in the Plan or this Agreement shall confer upon you the right to continue in as a member of the Board.

8. Plan Governs. This RSU award is granted under and governed by the terms and conditions of the Plan. You acknowledge and agree that the Plan has been introduced voluntarily by the Company and in accordance with its terms it may be amended, cancelled, or terminated by the Company, in its sole discretion, at any time. The grant of RSUs under the Plan is a one-time benefit and does not create any contractual or other right to receive an award of RSUs or benefits in lieu of RSUs in the future. Future awards of RSUs, if any, will be at the sole discretion of the Company, including, but not limited to, the timing of the award, the number of shares and vesting provisions. By execution of this Agreement, you consent to the provisions of the Plan and this Agreement. Defined terms used herein shall have the meaning set forth in the Plan, unless otherwise defined herein.

9. Section 409A. To the extent applicable, this Agreement and the RSUs shall be interpreted in accordance with Section 409A of the Code and Department of Treasury regulations and other interpretive guidance issued thereunder. This RSU award is not intended to constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code and the Department of Treasury regulations and other interpretive guidance issued thereunder. For purposes of Section 409A of the Code (including, without limitation, for purposes of Treasury Regulation Section 1.409A-2(b)(2)(iii)), each payment that you may be eligible to receive under this Agreement shall be treated as a separate and distinct payment.

10. Governing Law and Venue.

(a) The RSU grant and the provisions of this Agreement are governed by, and subject to, the laws of the State of California, without regard to the conflict of law provisions, as provided in the Plan.

(b) For purposes of any action, lawsuit or other proceedings brought to enforce this Agreement, relating to it, or arising from it, the parties hereby submit to and consent to the sole and exclusive jurisdiction of the courts of San Diego County, California, or the federal courts for the United States for the Southern District of California, and no other courts, where this grant is made and/or to be performed.

11. Electronic Delivery and Acceptance. The Company may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan by electronic means. You hereby

 

3


consent to receive such documents by electronic delivery and agree to participate in the Plan through an on-line or electronic system established and maintained by the Company or a third party designated by the Company.

12. Severability. The provisions of this Agreement are severable, and if any one or more provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable.

13. Imposition of Other Requirements. The Company reserves the right to impose other requirements on your participation in the Plan, on the RSU and on any shares of Common Stock acquired under the Plan, to the extent the Company determines it is necessary or advisable for legal or administrative reasons, and to require you to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.

14. Waiver. You acknowledge that a waiver by the Company of breach of any provision of this Agreement shall not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by you or any other Grantee.

 

4


7 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/09/23  Viasat Inc.                       S-8        11/09/23    4:105K                                   Donnelley … Solutions/FA
 5/22/23  Viasat Inc.                       10-K        3/31/23  106:23M                                    Donnelley … Solutions/FA
11/10/22  Viasat Inc.                       S-8        11/10/22    4:89K                                    Donnelley … Solutions/FA
 5/31/22  Viasat Inc.                       10-K        3/31/22  104:20M                                    Donnelley … Solutions/FA
10/14/21  Viasat Inc.                       S-8        10/14/21    3:93K                                    Donnelley … Solutions/FA
 5/28/21  Viasat Inc.                       10-K        3/31/21   99:17M                                    ActiveDisclosure/FA
11/06/20  Viasat Inc.                       S-8        11/06/20    3:83K                                    Donnelley … Solutions/FA
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Filing Submission 0001193125-15-199042   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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