EXHIBIT 10.14
Time Warner Inc.
2003 Stock Incentive Plan
Notice of Grant of Restricted Stock
TIME WARNER INC. (the "Company"), pursuant to the Company's 2003 Stock
Incentive Plan (the "Plan"), hereby grants (the "Award") to the undersigned
Participant the following restricted Shares (the "Restricted Shares"), and the
Participant has paid therefore to the Company consideration of $.01 per Share,
receipt of which is hereby acknowledged, subject to the terms and conditions of
this Notice, the 2003 SIP Restricted Stock Agreement, Version 2 (the "Restricted
Stock Agreement") and the Plan. The Plan and the Restricted Stock Agreement,
both of which are incorporated into and made a part of this Notice, can be
accessed and printed through the HR Website (http://infocenter.aoltw.com).
1. Name: ID:
2. Grant Information for this Award:
Restricted Share Grant Number:
Date of Grant:
Purchase Price per Restricted Share:
Total Number of Restricted Shares Granted:
3. The vesting dates shall be:
Shares Vesting Date
subject to earlier forfeiture in certain circumstances, including
termination of Employment, and accelerated vesting, as provided
in the Restricted Stock Agreement and the Plan.
4. Restriction Period.
The Restriction Period for the Restricted Shares granted
hereunder shall be the period commencing on the Date of Grant and
ending at the close of business on the Vesting Date with respect
to the portion of the Restricted Shares corresponding to such
Vesting Date.
5. I acknowledge that I have read and will comply with the Company's
Securities Trading Policy (accessible on the HR Website), which I
understand may be updated from time to time.
6. I acknowledge and agree that:
a) An election under Section 83(b) of the Internal Revenue
Code must be submitted by me to the Internal Revenue
Service within thirty (30) days after the Date of Grant
and that, if I desire to make such an election, I also
must provide a copy of the completed Section 83(b) form
and a check for the amount of taxes due to the Global
Stock Plans Administration Group not later than the
thirtieth (30th) day following the Date of Grant.
b) If I do not make a valid Section 83(b) election, I will
owe withholding taxes at each Vesting Date on the
portion of the Restricted Shares for which the
Restriction Period has lapsed and that I must elect the
method of payment of such withholding taxes in advance
of the Vesting Date in accordance with the procedures
established by the
Global Stock Plans Administration Group, and that such
procedures may change and be updated over time.
IN WITNESS WHEREOF, the Company has caused this Notice to be signed by its
duly authorized officer or agent as of the ____ day of ____, ______.
Time Warner Inc.
By:__________________
Accepted and Agreed to:
Holder: _______________________
(Signature)
Home Address: Business Address:
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