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KVH Industries Inc/DE – ‘10-K’ for 12/31/16 – ‘EX-10.5’

On:  Thursday, 3/9/17, at 5:21pm ET   ·   For:  12/31/16   ·   Accession #:  1007587-17-6   ·   File #:  0-28082

Previous ‘10-K’:  ‘10-K’ on 3/14/16 for 12/31/15   ·   Next:  ‘10-K’ on 3/2/18 for 12/31/17   ·   Latest:  ‘10-K’ on 3/15/24 for 12/31/23   ·   5 References:   

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

 3/09/17  KVH Industries Inc/DE             10-K       12/31/16  101:11M

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   1.14M 
 2: EX-10.5     Material Contract                                   HTML     35K 
 3: EX-10.6     Material Contract                                   HTML     34K 
 4: EX-10.7     Material Contract                                   HTML     43K 
 5: EX-21.1     Subsidiaries List                                   HTML     35K 
 6: EX-23.1     Consent of Experts or Counsel                       HTML     27K 
 7: EX-31.1     Certification -- §302 - SOA'02                      HTML     32K 
 8: EX-31.2     Certification -- §302 - SOA'02                      HTML     32K 
 9: EX-32.1     Certification -- §906 - SOA'02                      HTML     30K 
16: R1          Document and Entity Information                     HTML     54K 
17: R2          Consolidated Balance Sheets                         HTML    126K 
18: R3          Consolidated Balance Sheets (Parenthetical)         HTML     53K 
19: R4          Consolidated Statements of Operations               HTML     84K 
20: R5          Consolidated Statements of Comprehensive Income     HTML     43K 
21: R6          Consolidated Statements Of Stockholders' Equity     HTML     98K 
22: R7          Consolidated Statements of Cash Flows               HTML    124K 
23: R8          Summary of Significant Accounting Policies          HTML    186K 
24: R9          Marketable Securities                               HTML     78K 
25: R10         Inventories                                         HTML     37K 
26: R11         Property and Equipment                              HTML     47K 
27: R12         Debt and Line of Credit                             HTML     71K 
28: R13         Commitment and Contingencies                        HTML     42K 
29: R14         Stockholders' Equity                                HTML    118K 
30: R15         Income Taxes                                        HTML    186K 
31: R16         Acquisition                                         HTML     63K 
32: R17         Goodwill and Intangible Assets                      HTML    102K 
33: R18         401(k) Plan                                         HTML     31K 
34: R19         Business and Credit Concentrations                  HTML     32K 
35: R20         Segment Reporting                                   HTML    101K 
36: R21         Share Buyback Program                               HTML     31K 
37: R22         Fair Value Measurements                             HTML     78K 
38: R23         Derivative Instruments and Hedging Activities       HTML     50K 
39: R24         Legal Matters                                       HTML     42K 
40: R25         Quarterly Financial Results (Unaudited)             HTML     94K 
41: R26         Summary of Significant Accounting Policies          HTML    271K 
                (Policies)                                                       
42: R27         Summary of Significant Accounting Policies          HTML     71K 
                (Tables)                                                         
43: R28         Marketable Securities (Tables)                      HTML     78K 
44: R29         Inventories (Tables)                                HTML     38K 
45: R30         Property and Equipment (Tables)                     HTML     44K 
46: R31         Debt and Line of Credit (Tables)                    HTML     33K 
47: R32         Commitment and Contingencies (Tables)               HTML     35K 
48: R33         Stockholders' Equity (Tables)                       HTML     78K 
49: R34         Income Taxes (Tables)                               HTML    182K 
50: R35         Acquisition (Tables)                                HTML     54K 
51: R36         Goodwill and Intangible Assets (Tables)             HTML     82K 
52: R37         Business and Credit Concentrations (Tables)         HTML     30K 
53: R38         Segment Reporting (Tables)                          HTML     83K 
54: R39         Fair Value Measurements (Tables)                    HTML     73K 
55: R40         Derivative Instruments and Hedging Activities       HTML     40K 
                (Tables)                                                         
56: R41         Quarterly Financial Results (Unaudited) (Tables)    HTML     93K 
57: R42         Summary of Significant Accounting Policies          HTML     59K 
                (Details Textual)                                                
58: R43         Summary of Significant Accounting Policies -        HTML     36K 
                Allowance For Doubtful Accounts Rollforward                      
                (Details)                                                        
59: R44         Summary of Significant Accounting Policies -        HTML     46K 
                Property, Plant and Equipment Useful Life                        
                (Details)                                                        
60: R45         Summary of Significant Accounting Policies -        HTML     41K 
                Product Warranty (Details)                                       
61: R46         Summary of Significant Accounting Policies -        HTML     50K 
                Intangible Assets (Details)                                      
62: R47         Summary of Significant Accounting Policies -        HTML     30K 
                Research and Development (Details)                               
63: R48         Summary of Significant Accounting Policies - Net    HTML     41K 
                Income per Common Share (Details)                                
64: R49         Marketable Securities (Details)                     HTML     56K 
65: R50         Marketable Securities - Maturity Schedule           HTML     52K 
                (Details)                                                        
66: R51         Inventories (Details)                               HTML     35K 
67: R52         Property and Equipment (Details)                    HTML     54K 
68: R53         Debt and Line of Credit (Details)                   HTML    182K 
69: R54         Commitment and Contingencies (Details)              HTML     59K 
70: R55         Stockholders' Equity (Details Textual)              HTML    121K 
71: R56         Stockholders' Equity (Details)                      HTML     40K 
72: R57         Stockholders' Equity - Stock Options Outstanding    HTML     84K 
                Rollforward (Details)                                            
73: R58         Stockholders' Equity - Restricted Stock             HTML     53K 
                Outstanding Rollforward (Details)                                
74: R59         Stockholders' Equity Stock- Based Compensation      HTML     42K 
                Expense Location (Details)                                       
75: R60         Stockholders' Equity AOCI Disclosure (Details)      HTML     62K 
76: R61         Income Taxes (Details Textual)                      HTML     68K 
77: R62         Income Taxes - Income Tax Expense (Benefit)         HTML     64K 
                (Details)                                                        
78: R63         Income Taxes - Income Tax Expense (Benefit),        HTML     88K 
                Continuing Operations, Income Tax Reconciliation                 
                (Details)                                                        
79: R64         Income Taxes - Income (Loss) From Continuing        HTML     34K 
                Operations Before Income Tax (Details)                           
80: R65         Income Taxes - Components of Deferred Tax Assets    HTML     84K 
                and Liabilities (Details)                                        
81: R66         Income Taxes Reconciliation of Unrecognized Tax     HTML     46K 
                Benefits (Expenses) (Details)                                    
82: R67         Income Taxes Interest and penalties (Details)       HTML     31K 
83: R68         Acquisition (Details)                               HTML    102K 
84: R69         Goodwill and Intangible Assets - Schedule of        HTML     60K 
                Intangible Assets (Details)                                      
85: R70         Goodwill and Intangible Assets - Amortization and   HTML     61K 
                Goodwill (Details)                                               
86: R71         Goodwill and Intangible Assets Intangible Asset     HTML     43K 
                Remaining Useful Life (Details)                                  
87: R72         Goodwill and Intangible Assets Goodwill             HTML     32K 
                Rollforward (Details)                                            
88: R73         401(k) Plan (Details)                               HTML     34K 
89: R74         Business and Credit Concentrations (Details)        HTML     30K 
90: R75         Business and Credit Concentrations (Details         HTML     30K 
                Textual)                                                         
91: R76         Segment Reporting (Details Textual)                 HTML     49K 
92: R77         Segment Reporting Segments - Net Sales and          HTML     50K 
                Operating Earnings (Details)                                     
93: R78         Segment Reporting Depreciation and Amortization     HTML     39K 
                Expense (Details)                                                
94: R79         Share Buyback Program (Details)                     HTML     40K 
95: R80         Fair Value Measurements (Details)                   HTML     63K 
96: R81         Derivative Instruments and Hedging Activities       HTML     40K 
                (Details Textual)                                                
97: R82         Derivative Instruments and Hedging Activities       HTML     48K 
                (Details)                                                        
98: R83         Quarterly Financial Results (Unaudited) (Details)   HTML     64K 
100: XML         IDEA XML File -- Filing Summary                      XML    178K  
99: EXCEL       IDEA Workbook of Financial Reports                  XLSX    127K 
10: EX-101.INS  XBRL Instance -- kvhi-20161231                       XML   3.20M 
12: EX-101.CAL  XBRL Calculations -- kvhi-20161231_cal               XML    263K 
13: EX-101.DEF  XBRL Definitions -- kvhi-20161231_def                XML    858K 
14: EX-101.LAB  XBRL Labels -- kvhi-20161231_lab                     XML   2.26M 
15: EX-101.PRE  XBRL Presentations -- kvhi-20161231_pre              XML   1.28M 
11: EX-101.SCH  XBRL Schema -- kvhi-20161231                         XSD    211K 
101: ZIP         XBRL Zipped Folder -- 0001007587-17-000006-xbrl      Zip    344K  


‘EX-10.5’   —   Material Contract


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



 <!   C:   C: 
  Exhibit  
Exhibit 10.5

INCENTIVE STOCK OPTION
Granted by
KVH Industries, Inc. (the “Company”)
Under the 2016 Equity and Incentive Plan

This Option is and shall be subject in every respect to the provisions of the Company’s 2016 Equity and Incentive Plan (the “Plan”), as amended from time to time, which is incorporated herein by reference and made a part hereof. The holder of this Option (the “Holder”) hereby accepts this Option subject to all the terms and provisions of the Plan and agrees that (a) in the event of any conflict between the terms hereof and those of the Plan, the latter shall prevail, and (b) all decisions under and interpretations of the Plan by the Administrator shall be final, binding and conclusive upon the Holder and his or her heirs and legal representatives. Capitalized terms used but not defined herein shall have the respective meanings set forth in the Plan.
1.    Name of Holder:
2.    Grant Date:
3.
Maximum number of shares of Stock
for which this Option is exercisable:
4.    Exercise (purchase) price per share:
5.    Payment method:
In cash or by certified or bank check or other instrument acceptable to the Administrator in an amount equal to the exercise price of the shares being purchased;
By a “cashless exercise” arrangement pursuant to which the Holder delivers to the Company a properly executed exercise notice together with irrevocable instructions to a broker to promptly deliver to the Company cash or a check payable and acceptable to the Company in an amount equal to the exercise price of the shares being purchased; provided that in the event the Holder chooses to pay the purchase price as so provided, the Holder and the broker shall comply with such procedures and enter into such agreements of indemnity and other agreements as the Administrator shall prescribe as a condition of such payment procedure; or
with the consent of the Administrator, any of the other methods set forth in the Plan.
6.
Expiration Date of Option:



7.
Vesting Schedule:
8.
Termination of Employment. This Option shall terminate on the earliest to occur of:
(i)     the Expiration Date set forth at Section 6 above;
(ii)
the Holder’s Termination Date in the event of termination by the Company for Cause;
(iii)
three (3) months following the Holder’s Termination Date upon any termination other than for Disability, death or Cause; or
(iv)
twelve (12) months following the Termination Date upon termination for Disability or death, or if the Holder dies within three (3) months after his or her Termination Date upon any termination other than for Cause.
9.
Incentive Stock Option; Disqualifying Disposition. Although this Option is intended to qualify as an incentive stock option under the Code, the Company makes no representation as to the tax treatment upon exercise of this Option or sale or other disposition of the shares covered by this Option, and the Holder is advised to consult a personal tax advisor. Upon a Disqualifying Disposition of shares received upon exercise of this Option, the Holder will forfeit the favorable income tax treatment otherwise available with respect to the exercise of this Option. A “Disqualifying Disposition” shall have the meaning specified in Section 421(b) of the Code; as of the Grant Date of this Option a Disqualifying Disposition is any disposition (including any sale) of such shares before the later of (a) the second anniversary of the Grant Date of this Option and (b) the first anniversary of the date on which the Holder acquired such shares by exercising this Option, provided that such holding period requirements terminate upon the death of the Holder. The Holder shall notify the Company in writing immediately upon making a Disqualifying Disposition of any shares received pursuant to the exercise of this Option, and shall provide the Company with any information that the Company shall request concerning any such Disqualifying Disposition.
10.
Notice. Any notice to be given to the Company hereunder shall be deemed sufficient if addressed to the Company and delivered to the office of the Company, KVH Industries, Inc., 50 Enterprise Center, Middletown, RI 02842, Attention: President, or such other address as the Company may hereafter designate.
Any notice to be given to the Holder hereunder shall be deemed sufficient if addressed to and delivered in person to the Holder at his or her address furnished to the Company or when deposited in the mail, postage prepaid, addressed to the Holder at such address.



IN WITNESS WHEREOF, the parties have executed this Option, or caused this Option to be executed, as of the Grant Date.
KVH Industries, Inc.
By: ___________________________

The undersigned Holder hereby acknowledges receipt of a copy of the Plan and this Option, and agrees to the terms of this Option and the Plan.

______________________________
Holder


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:3/9/174,  8-K
For Period end:12/31/165,  SD
 List all Filings 


5 Subsequent Filings that Reference this Filing

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

 3/15/24  KVH Industries Inc./DE            10-K       12/31/23  104:10M
 3/16/23  KVH Industries Inc./DE            10-K       12/31/22  102:9.8M
 3/11/22  KVH Industries Inc./DE            10-K       12/31/21  101:9.6M
 4/30/21  KVH Industries Inc./DE            10-K/A     12/31/20   14:603K
 3/03/21  KVH Industries Inc./DE            10-K       12/31/20  105:11M
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Filing Submission 0001007587-17-000006   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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