BOGEN COMMUNICATIONS INTERNATIONAL INC
EX-10.49
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<TYPE>EX-10.49
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<FILENAME>j4660_ex10d49.htm
<DESCRIPTION>EX-10.49
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 10.49</font></b></p>



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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">BOGEN

COMMUNICATIONS INTERNATIONAL, INC.</font></b></p>



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<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RESTRICTED STOCK AWARD AGREEMENT</font></b></p>



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<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This RESTRICTED STOCK

AWARD AGREEMENT (the &#147;Agreement&#148;) is entered into as of April 22, 2002 (the

&#147;Date of Grant&#148;) by and between Bogen Communications International, Inc., a

Delaware corporation (the &#147;Company&#148;) and Hans Meiler (the &#147;Grantee&#148;).</font></p>



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<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RECITALS</font></b></p>



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<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company has adopted the

Amended and Restated 1996 Stock Incentive Plan (which plan, as amended from

time to time, is referred to as the &#147;1996 Plan&#148;) which provides for the grant

under certain circumstances of shares of common stock of the Company (the

&#147;Shares&#148;), which Shares have a par value of $0.001 per share. Capitalized terms

used but not defined herein shall have the meanings assigned to them in the

1996 Plan.</font></p>



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<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Grantee is a key employee of

the Company. The Company has granted to Grantee Shares under the Plan (the

&#147;Restricted Stock Award&#148;), subject to the terms and conditions set forth below,

in connection with the Company&#146;s employment of the Grantee.</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In consideration of the

grant of the Restricted Stock Award and other benefits, the Grantee is willing

to accept the Restricted Stock Award provided for in this Agreement and is

willing to abide by the obligations imposed on Grantee under this Agreement.</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">NOW THEREFORE, in

consideration of the mutual benefits hereinafter provided, and each intending

to be legally bound, the Company and the Grantee hereby agree as follows:</font></p>



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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SECTION 1.

EFFECT OF THE PLAN</font></u></b>.</p>



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<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Grantee will abide

by, and the Restricted Stock Award granted to the Grantee will be subject to,

all of the provisions of the 1996 Plan and of this Agreement, together with all

rules and determinations from time to time issued by the Company&#146;s Compensation

Committee (the &#147;Committee&#148;) and by the Board of Directors of the Company (the

&#147;Board&#148;) pursuant to the 1996 Plan. The Company hereby reserves the right to

amend, modify, restate, supplement or terminate the 1996 Plan without the

consent of Grantee, so long as such amendment, modification, restatement or

supplement shall not materially reduce the rights and benefits available to

Grantee hereunder, and this Agreement shall be subject, without further action

by the Company or the Grantee, to such amendment, modification, restatement or

supplement.</font></p>



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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SECTION 2.

GRANT</font></u></b><b><font style="font-weight:bold;">.</font></b></p>



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<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Subject to the terms and

conditions of this Agreement, the Company hereby grants and issues to Grantee

Hans Meiler (20,000) Shares (&#147;Awarded Shares&#148;).</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SECTION 3.

AWARDED SHARES</font></u></b><b><font style="font-weight:bold;">.<u>  </u></font></b></p>



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<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SECTION 3.1 VESTING

SCHEDULE; SERVICE REQUIREMENT. Grantee&#146;s ownership of Awarded Shares shall

become vested (i.e. nonforfeitable) if the Grantee has been employed as an

Employee continuously from the Date of Grant to the applicable Vesting Date set

forth in the following vesting schedule:</font></p>



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  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">April

  22, 2003</font></p>

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  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">April

  22, 2004</font></p>

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  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">April

  22, 2005</font></p>

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  <td width="1%" valign="bottom" bgcolor="#cceeff" style="background:#CCEEFF;padding:0in .7pt .7pt .7pt;width:1.0%;">

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  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">April

  22, 2006</font></p>

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  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">April

  22, 2007</font></p>

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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Termination of Employment</font></u>.&#160;

Except as provided in Section 3.3, no additional vesting shall occur

upon or after termination of the Grantee&#146;s employment, whether by the Company

or by the employee, for any reason, and all unvested Awarded Shares shall be

forfeited.&#160; For purposes of this

Agreement, termination from employment shall be deemed to occur on the last day

of the Grantee&#146;s full or part time employment by the Company (so long as in the

later case, the Grantee is not employed on a full-time basis by any other

employer).</p>



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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Change of Control</font></u>.&#160;

Upon a Change of Control, all Restricted Stock shall become fully

vested.&#160;&#160; For purposes of this Agreement, a &#147;Change of

Control&#148; shall mean a change of control of the Company of a nature that would

be required to be reported in response to Item 6(e) of Schedule 14A of

Regulation 14A promulgated under the Securities Exchange Act of 1934, as

amended (the &#147;Exchange Act&#148;), whether or not the Company is in fact required to

comply therewith; provided, that, without limitation, such a change of control

shall be deemed to have occurred&nbsp;if:</p>



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<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>any &#147;person&#148; (as such term is used in Sections

13(d) and 14(d) of the Exchange Act), other than the Company, any trustee or

other fiduciary holding securities under an employee benefit plan of the

Company, any corporation controlled by or under common control with any entity

which as of the date hereof holds in excess of five percent (5%) of the

Company&#146;s common stock,&#160; or a

corporation owned, directly or indirectly, by the stockholders of the Company

in substantially the same proportions as their ownership of stock of the

Company, is or becomes the &#147;beneficial owner&#148; (as defined in Rule 13d-3 under

the Exchange Act), directly or indirectly, of securities of the Company

representing 50.01% or more of the combined voting power of the Company&#146;s then

outstanding securities;</p>



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<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the Company shall have consummated a merger or

consolidation or sale of assets or significant subsidiaries with any other

corporation, other than a merger or consolidation which results in the voting

securities of the Company outstanding immediately prior thereto continuing to

represent (either by remaining outstanding or by being converted into voting

securities of the surviving entity) at least 50% (but less than 80%) of the

combined voting securities of the Company or such surviving entity outstanding

immediately after such merger or consolidation; or</p>



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<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the Company shall have liquidated or sold all

or substantially all of the Company&#146;s assets.</p>



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<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SECTION 3.2 LIMITATION

PERIOD. The period commencing on the Date of Grant during which the Awarded

Shares are subject to forfeiture is referred to herein as the &#147;Limitation

Period&#148;. Awarded Shares that have not vested during the Limitation Period are

referred to herein as &#147;Restricted Stock.&#148; Except as otherwise determined by the

Committee, during the Limitation Period the Grantee may not sell, transfer,

assign, pledge or otherwise encumber or dispose of Restricted Stock. Any such

action by Grantee in violation of this Section 3.2 shall be void and no force

or effect, and shall result in the</font></p>



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<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">immediate forfeiture of all

Restricted Stock. If a certificate representing Restricted Stock has been

issued, the certificate shall be affixed with a legend setting forth the

restrictions applicable to the transfer of such Shares and otherwise conforming

to the requirements of the 1996 Plan. When the restrictions applicable to

Restricted Stock shall lapse, a new certificate for such Shares shall be

delivered to the Grantee free of such restrictions. Restricted Stock that is

forfeited shall be immediately transferred to the Company without any payment

by the Company; the Company shall have the full right to cancel certificates

evidencing such forfeited shares automatically upon such forfeiture, whether or

not such certificates shall have been surrendered to the Company. Following

such forfeiture, the Grantee shall have no further rights with respect to such

forfeited Shares.</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SECTION 3.3 DEATH OR

DISABILITY. If, before the end of the Limitation Period, the Grantee sustains a

Permanent Disability or dies, all Restricted Stock shall become vested Awarded

Shares, and the Company shall grant and issue to the Grantee, the Grantee&#146;s

legal guardian, or the executor or administrator of the estate of the Grantee

or the person or persons to whom rights under this Agreement shall have passed

by bequest or inheritance, as the case may be, a stock certificate for such

Awarded Shares free of the restrictions set forth in this Agreement.&#160; For purposes of this Agreement, &#147;Permanent

Disability&#148; shall be deemed to occur upon the termination of the employment of

the Grantee after the Grantee becomes physically or mentally disabled, whether

totally or partially, so that the Grantee is unable substantially to perform

his services to the Company for (i) a period of three consecutive months, or

(ii) for shorter periods aggregating three months during any six month period.</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SECTION 3.4

NON-TRANSFERABILITY. This Restricted Stock Award may not be transferred,

assigned, pledged or disposed of in any manner whatsoever, except that it may be

transferred by will or the laws of descent and distribution. Any attempt at any

transfer, assignment, pledge, or other disposition shall be null and void and

without effect and shall cause the immediate termination of the entire

Restricted Stock Award.</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SECTION 3.5 NET

EXERCISE.&#160; Upon vesting of all or a

portion of the Restricted Stock Award, the Grantee may elect to receive a

number of Awarded Shares equal to (i) the number of such Shares that have

vested less (ii) a number of Shares equal to the estimated tax liability to the

Grantee upon such vesting divided by the Average Closing Price.&#160; Upon such an election by the Grantee, the

Company shall pay the estimated tax liability of the Grantee when and to the

extent actually due and payable.&#160; For

purposes of this Agreement, the &#147;estimated tax liability of the Grantee&#148; means

the amount determined in good faith by the mutual agreement of the Company and

the Grantee to be the tax liability of the Grantee relating to the vesting of

the applicable Awarded Shares.&#160; For

purposes of this Agreement, the &#147;Average Closing Price&#148; shall mean the average

of the last reported sales price of the Company&#146;s Common Stock for the ten

consecutive days of trading immediately prior to the date of such vesting.</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SECTION 4.

DIVIDEND AND VOTING RIGHTS</font></u></b><b><font style="font-weight:bold;">.</font></b></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">Subject to the

restrictions contained in this Agreement, Grantee shall have the rights of a

shareholder with respect to the Awarded Shares, including the right to vote all

such Shares</font>, including Restricted Stock, and to receive all dividends,

cash or stock, paid or delivered thereon, from and after the earlier of the

date hereof. The forfeiture of Restricted Stock pursuant to Section 3.2 hereof

shall not create any obligation to repay dividends received as to such

Restricted Stock during the Limitation Period, nor shall such forfeiture

invalidate any votes given by Grantee with respect to such Shares prior to

forfeiture.</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p>





<div style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">



<hr size="2" width="100%" noshade color="gray" align="left">



</font></div>



<font size="2" face="Times New Roman" style="font-size:10.0pt;">
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</font>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SECTION 5.

WITHHOLDING OF TAXES</font></u></b><b><font style="font-weight:bold;">.</font></b></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The parties

hereto recognize that the Company, a subsidiary or an affiliate may be

obligated to withhold federal, state and local income taxes and social security

taxes to the extent that the Grantee realizes ordinary income in connection

with the vesting of the Restricted Stock or the payment of dividends on the

Restricted Stock. The Grantee agrees that the Company or a subsidiary or an

affiliate of the Company may withhold amounts needed to cover such taxes from

payments otherwise due and owing to the Grantee, and also agrees that upon

demand the Grantee will promptly pay to the Company or a subsidiary or an

affiliate of the Company having such obligation any additional amounts as may

be necessary to satisfy such withholding tax obligation. Such payment shall be

made in cash or cash equivalent.</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SECTION 6.

NOTICES</font></u></b><b><font style="font-weight:bold;">.</font></b></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Any notice to be given to

the Company shall be addressed to the Chief Financial Officer of the Company at

the Company&#146;s principal executive office, and any notice to be given to Grantee

shall be addressed to Grantee at the address then appearing on the personnel

records of the Company or the subsidiary of the Company by which he or she is

employed, or at such other address as either party hereafter may designate in

writing to the other. Any such notice shall be deemed to have been duly given

when deposited in the United States mail, addressed as aforesaid, registered or

certified mail, and with proper postage and registration or certification fees

prepaid.</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SECTION 7.

GOVERNING LAW</font></u></b><b><font style="font-weight:bold;">.</font></b></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;The law of the State of Delaware, except its

law with respect to choice of law, shall be controlling in all matters relating

to this Agreement.</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SECTION 8.

NO EMPLOYMENT RIGHTS</font></u></b><b><font style="font-weight:bold;">.</font></b></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Grantee acknowledges and

agrees that nothing herein or in the 1996 Plan, nor any of the rights granted

hereunder or thereunder to Grantee, shall be construed to (a) give Grantee the

right to remain employed by the Company or to any of their affiliates or to any

benefits specifically provided hereunder or under the 1996 Plan, or (b) in any

manner modify the right of the Company or any of their affiliates to modify,

amend or terminate any of its employee benefit plans.</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SECTION 9.

NATURE OF PAYMENTS</font></u></b><b><font style="font-weight:bold;">.</font></b></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;Any and all grants or deliveries of Shares

hereunder shall constitute special incentive payments to the Grantee and shall

not be taken into account in computing the amount of salary or compensation of

the Grantee for the purpose of determining any pension, retirement, death or

other benefits under (a) any pension, retirement, profit-sharing, bonus, life

insurance, 401(k) or other employee benefit plan of the Company, or any of

their affiliates, or (b) any agreement between the Company or any of their

affiliates on the one hand, and the Grantee on the other hand, except as such

plan or agreement shall otherwise expressly provide.</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></p>





<div style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">



<hr size="2" width="100%" noshade color="gray" align="left">



</font></div>



<font size="2" face="Times New Roman" style="font-size:10.0pt;">
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</font>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SECTION 10.

ENTIRE AGREEMENT; AMENDMENT; WAIVER</font></u></b><b><font style="font-weight:bold;">.</font></b></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Agreement

embodies the entire agreement of the parties hereto with respect to the

Restricted Stock Award, the Awarded Shares, and all other matters contained

herein. This Agreement supersedes and replaces any and all prior oral or

written agreements with respect to the subject matter hereof. This Agreement

may be amended, and any provision hereof waived, but only in writing signed by

the party against whom such amendment or waiver is sought to be enforced. A

waiver on one occasion shall not be deemed to be a waiver of the same or any

other breach on a future occasion. If there is any inconsistency between the

provisions of this Agreement and of the 1996 Plan, the provisions of the 1996

Plan shall govern.</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">[Remainder

of page intentionally left blank]</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5</font></p>





<div style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">



<hr size="2" width="100%" noshade color="gray" align="left">



</font></div>



<font size="2" face="Times New Roman" style="font-size:10.0pt;">
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</font>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">IN WITNESS WHEREOF, the

Company and the Grantee have caused this Agreement to be duly executed as of the

date first above written.</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">

 <tr>

  <td width="11%" valign="top" style="padding:0in .7pt .7pt .7pt;width:11.0%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Company:</font></b></p>

  </td>

  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="3%" valign="top" style="padding:0in .7pt .7pt .7pt;width:3.86%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="62%" colspan="2" valign="top" style="padding:0in .7pt .7pt .7pt;width:62.18%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="11%" valign="top" style="padding:0in .7pt .7pt .7pt;width:11.0%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="66%" colspan="3" valign="top" style="padding:0in .7pt .7pt .7pt;width:66.04%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">BOGEN

  COMMUNICATIONS INTERNATIONAL, INC.,</font></b></p>

  </td>

 </tr>

 <tr>

  <td width="11%" valign="top" style="padding:0in .7pt .7pt .7pt;width:11.0%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="66%" colspan="3" valign="top" style="padding:0in .7pt .7pt .7pt;width:66.04%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a Delaware corporation</font></p>

  </td>

 </tr>

 <tr>

  <td width="11%" valign="top" style="padding:0in .7pt .7pt .7pt;width:11.0%;">

  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="3%" valign="top" style="padding:0in .7pt .7pt .7pt;width:3.86%;">

  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="62%" colspan="2" valign="top" style="padding:0in .7pt .7pt .7pt;width:62.18%;">

  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="11%" valign="top" style="padding:0in .7pt .7pt .7pt;width:11.0%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="3%" valign="top" style="padding:0in .7pt .7pt .7pt;width:3.86%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>

  </td>

  <td width="17%" valign="top" style="border:none;border-bottom:solid windowtext .5pt;padding:0in .7pt .7pt .7pt;width:17.72%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Maureen A. Flotard</font></p>

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  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <td width="3%" valign="top" style="padding:0in .7pt .7pt .7pt;width:3.86%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="62%" colspan="2" valign="top" style="padding:0in .7pt .7pt .7pt;width:62.18%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Maureen A. Flotard</font></p>

  </td>

 </tr>

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  <td width="11%" valign="top" style="padding:0in .7pt .7pt .7pt;width:11.0%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <td width="3%" valign="top" style="padding:0in .7pt .7pt .7pt;width:3.86%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <td width="62%" colspan="2" valign="top" style="padding:0in .7pt .7pt .7pt;width:62.18%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CFO, VP Finance</font></p>

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 </tr>

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  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <td width="3%" valign="top" style="padding:0in .7pt .7pt .7pt;width:3.86%;">

  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <td width="11%" valign="top" style="padding:0in .7pt .7pt .7pt;width:11.0%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Grantee:</font></b></p>

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  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <td width="3%" valign="top" style="padding:0in .7pt .7pt .7pt;width:3.86%;">

  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <td width="3%" valign="top" style="padding:0in .7pt .7pt .7pt;width:3.86%;">

  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <td width="11%" valign="top" style="padding:0in .7pt .7pt .7pt;width:11.0%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <td width="21%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext .5pt;padding:0in .7pt .7pt .7pt;width:21.58%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Hans Meiler</font></p>

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  <td width="44%" valign="top" style="padding:0in .7pt .7pt .7pt;width:44.46%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

 </tr>

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  <td width="11%" valign="top" style="padding:0in .7pt .7pt .7pt;width:11.0%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="5%" valign="top" style="padding:0in .7pt .7pt .7pt;width:5.74%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

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  <td width="66%" colspan="3" valign="top" style="padding:0in .7pt .7pt .7pt;width:66.04%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Hans Meiler</font></p>

  </td>

 </tr>

</table>



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