Earthlink 2009 Annual Report Download - page 121

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Exhibit 10.19
EARTHLINK, INC.
EQUITY PLAN FOR NON-EMPLOYEE DIRECTORS
(as amended effective May 8, 2008)
Restricted Stock Unit Agreement
Units Awarded Hereunder:
THIS RESTRICTED STOCK UNIT AGREEMENT (this “Agreement”) dated as of the day of , 20 , between
EarthLink, Inc., a Delaware corporation (the “Company”), and (the “Participant”) is made pursuant and subject to the provisions of
the Company’s Equity Plan for Non-Employee Directors (as amended effective May 8, 2008) (the “Plan”), a copy of which is attached hereto.
All terms used herein that are defined in the Plan have the same meaning given them in the Plan.
1. Award of Units . Pursuant to the Plan, the Company, on , 20 (the “Date of Award”), awarded to the Participant
Restricted Stock Units, each Restricted Stock Unit corresponding to one share of the Company’s $0.01 par value Common Stock (this
“Award”). Subject to the terms and conditions of the Plan, each Restricted Stock Unit represents an unsecured promise of the Company to
deliver, and the right of the Participant to receive, one share of the $0.01 par value common stock of the Company (the “Common Stock”) at the
time and on the terms and conditions set forth herein. As a holder of Restricted Stock Units, the Participant has only the rights of a general
unsecured creditor of the Company.
2. Terms and Conditions . This Award is subject to the following terms and conditions:
(a) Expiration Date . This Award shall expire at 11:59 p.m. on , (the “Expiration Date”).
(b) Vesting of Award .
(i) In General
. Except as otherwise provided below, one hundred percent (100%) of the outstanding Restricted
Stock Units shall become nonforfeitable and payable on the first annual anniversary of the Date of Award, provided the Participant is still
serving as a Non-Employee Director at such time.
(ii) Change in Control . Outstanding Restricted Stock Units that are not then nonforfeitable and payable shall
become nonforfeitable and payable immediately before the consummation of a Change in Control, provided the Participant is still serving as a
Non
-Employee Director at such time.
(iii) Vesting Date
. Outstanding Restricted Stock Units shall be forfeitable until they become nonforfeitable and
payable as described above. The date upon