REYNOLDS & REYNOLDS CO
EX-10.3
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<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>exhibit3.htm
<DESCRIPTION>EX-10.3
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<P align="left" style="font-size: 10pt"><FONT style="font-size: 10pt">Exhibit&nbsp;10.3</FONT>


<P align="left" style="font-size: 10pt"><FONT style="font-size: 14pt"><B><I>2004 Executive Stock Incentive Plan</I></B>
<BR>
<B><I>Time-Based Retention Restricted Stock Award</I></B></FONT>


<P align="left" style="font-size: 14pt"><FONT style="font-size: 10pt">The Reynolds and Reynolds Company, an Ohio corporation (the &#147;Company&#148;), hereby grants to the
Recipient this Retention Restricted Stock Award effective as of the Award Date. This award is
subject to all of the terms and conditions of this Retention Restricted Stock Award and The
Reynolds and Reynolds Company 2004 Executive Stock Incentive Plan (the &#147;Plan&#148;). Unless otherwise
specified, capitalized terms shall have the meanings specified in the Plan. The terms and
conditions of the Plan are incorporated by reference and govern except to the extent that this
Retention Restricted Stock Award provides otherwise.</FONT>



<P align="left" style="margin-left:1%; font-size: 10pt"><B>Recipient Name:</B>



<P align="left" style="margin-left:3%; font-size: 10pt"><B>Award Date:</B>



<P align="left" style="margin-left:4%; font-size: 10pt"><B>Vest Date:</B>



<P align="left" style="margin-left:1%; font-size: 10pt"><B>Award Number:</B>



<P align="left" style="margin-left:2%; font-size: 10pt"><B>Award Shares</B></FONT><FONT style="font-size: 12pt"><B>:</B></FONT>



<P align="left" style="margin-left:10%; font-size: 12pt"><FONT style="font-size: 8pt"><B>Shares subject to Retention Restricted</B>
<BR>
<B>Stock Award (&#147;Award Shares&#148;)</B></FONT>


<P align="left" style="font-size: 8pt"><FONT style="font-size: 10pt">By accepting this Retention Restricted Stock Award and any shares of common stock of the
Company (the &#147;Common Stock&#148;) issued pursuant to this Retention Restricted Stock Award, Recipient
acknowledges receipt of a copy of the Plan. Recipient represents that Recipient has read and
understands the terms of the Plan and this Retention Restricted Stock Award, and accepts this
Retention Restricted Stock Award subject to all such terms and conditions. Recipient also
acknowledges that he or she should consult a tax advisor regarding the tax aspects of this
Retention Restricted Stock Award and that recipient is not relying on the Company for any opinion
or advice as to personal tax implications of this Retention Restricted Stock Award.</FONT>


<P align="left" style="font-size: 10pt">For all purposes of this Retention Restricted Stock Award, the Restriction Period shall mean the
period beginning on the Award Date and ending on the date that is six months after the effective
date of employment as set forth in the employment agreement between the Company&#146;s next Chief
Executive Officer and the Company.


<P align="left" style="font-size: 10pt">By the acceptance of this Retention Restricted Stock Award, and as consideration for the receipt of
the Award Shares, recipient agrees to appoint a company nominee&#091;s&#093; as his/her irrevocable proxy to
vote, in the nominee&#091;s&#093;&#146; discretion, all Award Shares at the annual meeting of shareholders and at
any other meetings at which shareholders are entitled to vote. The Company will provide
appropriate means to effect this appointment. If Recipient fails to so appoint a proxy within a
reasonable time as specified by the Company, this Retention Restricted Stock Award shall become
null and void.


<P align="left" style="font-size: 10pt">IN WITNESS WHEREOF, this Retention Restricted Stock Award has been executed by the Company to be
effective as of the Award Date specified hereon.


<P align="left" style="font-size: 10pt"><B>THE REYNOLDS AND REYNOLDS COMPANY</B>


<P align="left" style="font-size: 10pt"><B>By:&nbsp;&nbsp;&nbsp;</B>


<P align="left" style="font-size: 10pt"><FONT style="font-size: 12pt"><B>Terms and Conditions</B></FONT>


<P>
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    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right"><FONT style="font-size: 9pt">1.</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-size: 9pt">Terms and Provisions of Retention Restricted Stock Award. Under the authority of the
Plan, as of the Award Date, the Company has awarded to the Recipient the Award Shares
subject to the following forfeiture restrictions based upon the continuous service of the
Recipient during the Restriction Period.</FONT></TD>
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    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Immediate Award of Shares Subject to Service. As of the Award, the Recipient
is hereby awarded the Award Shares subject to the following forfeiture restrictions:</TD>
</TR>

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    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">i.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Service. If the Recipient remains in service with the Company
and/or a Subsidiary during the Restriction Period, six months after the effective
date of employment as set forth in the employment agreement between the Company&#146;s
next Chief Executive Officer and the Company, then all of the Award Shares shall
vest and shall be released from any possibility of forfeiture following the end
of the Restriction Period and Recipient shall receive such Shares free of such
restrictions.</TD>
</TR>

</TABLE>


<P>
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<TR valign="top" style="font-size: 9pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">ii.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cessation of Service. If the Recipient does not remain in service
with the Company and/or a Subsidiary during the Restriction Period for any
reason, then, as of the date on which the Recipient&#146;s service with the Company
and/or Subsidiary ceases, all Award Shares shall immediately be forfeited and
returned to the Company. Notwithstanding Section&nbsp;7.4(d) of the Plan, you (or
your estate) will not receive any Award Shares upon your death, disability (other
than short-term disability) or retirement.</TD>
</TR>

</TABLE>


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    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>By acceptance of this Retention Restricted Stock Award and as consideration
for the receipt of the Award Shares, Recipient agrees to appoint a company nominee&#091;s&#093;
as his/her irrevocable proxy to vote, in the nominee&#091;s&#093;&#146; discretion, all Award Shares
at the annual meeting of shareholders and at any other meetings at which shareholders
are entitled to vote. Except as otherwise provided in this Retention Restricted Stock
Award, the terms of the Plan shall control as to voting, dividends and other rights,
restrictions and limitations. Recipient acknowledges and agrees that the Company will
pay dividends on the Award Shares and that such payment will be received in the
Recipient&#146;s next succeeding paycheck following the dividend payment date.</TD>
</TR>

</TABLE>


<P>
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<TR valign="top" style="font-size: 9pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Tax Consequences. RECIPIENT UNDERSTANDS THAT THE AWARD OF RESTRICTED STOCK, THE SALE
OF RESTRICTED STOCK, AND THE ISSUANCE OF COMMON STOCK, MAY HAVE TAX IMPLICATIONS THAT
COULD RESULT IN ADVERSE TAX CONSEQUENCES TO RECIPIENT. RECIPIENT REPRESENTS THAT
RECIPIENT SHOULD CONSULT A TAX ADVISOR; RECIPIENT FURTHER ACKNOWLEDGES THAT HE OR SHE IS
NOT RELYING ON THE COMPANY FOR ANY TAX, FINANCIAL OR LEGAL ADVICE; AND IT IS SPECIFICALLY
UNDERSTOOD BY THE RECIPIENT THAT NO REPRESENTATIONS ARE MADE AS TO ANY PARTICULAR TAX
TREATMENT WITH RESPECT TO THIS AWARD.</TD>
</TR>

</TABLE>


<P>
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    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Interpretation. Any dispute regarding the interpretation of this Retention
Restricted Stock Award shall be submitted to the Board or the Committee, which shall
review such dispute in accordance with the Plan. The resolution of such a dispute by the
Board or Committee shall be final and binding on the Company and the Recipient.</TD>
</TR>

</TABLE>


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    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Entire Agreement and Other Matters. The Plan is incorporated herein by this
reference. This Retention Restricted Stock Award and the Plan constitute the entire
agreement of the parties hereto. This Retention Restricted Stock Award and all rights and
awards hereunder are void <I>ab initio </I>unless the Recipient agrees to be bound by all terms
and provisions of this Award and the Plan.</TD>
</TR>

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<TR valign="top" style="font-size: 9pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fractional Shares. If any calculation of Common Stock to be awarded or to be
forfeited or to be released from restrictions or limitations would result in a fraction,
any fraction of 0.5 or greater will be rounded to one, and any fraction of less than 0.5
will be rounded to zero.</TD>
</TR>

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