Awards restricted stock units to an employee or service provider, with time-based vesting and settlement in shares of Common Stock. Covers vesting schedule, settlement timing, and tax withholding.
The Restricted Stock Unit (RSU) Award Agreement is a ready-to-use finance & investment template you can send for signature in minutes. It is written for 2 signers (company and grantee) and, by default, expires 30 days after it is sent if left unsigned. It covers rsu, equity, restricted stock units, compensation. Like every Abundera Sign template it is a convenience draft structured for ESIGN Act and UETA compliance, not a substitute for legal advice. Each signed copy is sealed with PAdES-LTA digital signatures, dual RFC 3161 timestamps, and a tamper-evident evidence package in WORM storage.
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# Restricted Stock Unit (RSU) Award Agreement This Restricted Stock Unit Award Agreement (this "Agreement") is entered into as of ___________ between ___________ (the "Company"), a ___________ corporation, and ___________ ("Grantee"). ## 1. Award of Restricted Stock Units Subject to the terms of this Agreement and the Company's ___________ (the "Plan"), the Company hereby grants to Grantee an award of ___________ Restricted Stock Units ("RSUs"). Each RSU represents the right to receive one share of the Company's Common Stock (a "Share") upon settlement, subject to the vesting conditions set forth herein. RSUs are unfunded, unsecured obligations of the Company. Grantee shall have no rights as a stockholder with respect to the Shares underlying the RSUs until the RSUs settle and Shares are actually issued to Grantee. ## 2. Plan Incorporation This Award is granted under and subject to the Plan, which is incorporated by reference. Capitalized terms not defined herein have the meanings ascribed to them in the Plan. In the event of any conflict, the Plan shall govern. ## 3. Vesting Schedule Subject to Grantee's continued employment or service with the Company or any affiliate ("Continuous Service") and the other terms of this Agreement and the Plan, the RSUs shall vest as follows: - **Year 1 Cliff:** Twenty-five percent (25%) of the RSUs shall vest on the first anniversary of ___________ (the "Vesting Commencement Date"). - **Quarterly Thereafter:** The remaining seventy-five percent (75%) shall vest in equal quarterly installments over the following thirty-six (36) months (i.e., 6.25% of total RSUs per quarter), provided Grantee maintains Continuous Service through each applicable vesting date. Total vesting period: ___________ months. Fractional RSUs shall not vest; fractional amounts shall accumulate and be settled when Grantee's total accumulated fractional RSUs equal one whole RSU. ### 3.1 Effect of Termination Upon the termination of Grantee's Continuous Service for any reason, all unvested RSUs shall immediately and automatically be forfeited without consideration, unless the Plan or a separate written agreement provides otherwise. ### 3.2 Acceleration In the event of a Change in Control (as defined in the Plan) in which the successor entity does not assume, substitute, or replace this Award with an equivalent award, all unvested RSUs shall vest in full immediately prior to the effective time of such Change in Control. ## 4. Settlement ### 4.1 Settlement Date Each vested RSU shall be settled as soon as practicable following the applicable vesting date, but in no event later than thirty (30) days after the vesting date (the "Settlement Date"), unless settlement is deferred pursuant to a valid deferral election under a nonqualified deferred compensation plan. ### 4.2 Form of Settlement Vested RSUs shall be settled by the Company delivering to Grantee one Share per vested RSU, subject to tax withholding obligations as described in Section 5. Shares shall be delivered in book-entry form.