OnkosXcel Therapeutics, LLC and OnkosXcel Employee Holdings, LLC Restricted Stock Unit Award Agreement
This agreement is between OnkosXcel Therapeutics, LLC, OnkosXcel Employee Holdings, LLC, and an individual participant. It grants the participant restricted stock units (RSUs) under a management incentive plan, subject to specific vesting conditions and potential forfeiture if employment ends. The RSUs may be settled in company units or cash, and may include distribution equivalents. The agreement outlines tax responsibilities and conditions for accelerated vesting, such as a change in control. The participant must accept all terms for the award to be effective.
Exhibit 10.3
ONKOSXCEL THERAPEUTICS, LLC AND ONKOSXCEL EMPLOYEE HOLDINGS, LLC MANAGEMENT Incentive Plan
RESTRICTED STOCK UNIT AWARD AGREEMENT
GRANT NOTICE
Unless otherwise defined herein, the terms defined in the OnkosXcel Therapeutics, LLC and OnkosXcel Employee Holdings, LLC Management Incentive Plan (the “Plan”) shall have the same defined meanings in this Restricted Stock Unit Award Agreement, which includes the terms in this Grant Notice (the “Grant Notice”) and Appendix A attached hereto (collectively, the “Agreement”).
You have been granted an award of restricted stock units (the “Restricted Stock Units” or “RSUs”) in OnkosXcel Therapeutics, LLC (the “Company”), subject to the terms and conditions of the Plan and this Agreement, as follows:
Name of Participant:[______]
Total Number of Restricted Stock Units [______]
Granted:
Grant Date:[____]
Vesting Commencement Date:[_____]
Expiration Date: [Insert 10th anniversary of Grant Date]
Vesting: | [To be specified in individual award agreements] |
Your signature below indicates your agreement and understanding that the Restricted Stock Units are subject to all of the terms and conditions contained in the Agreement (including this Grant Notice and Appendix A to the Agreement) and the Plan. ACCORDINGLY, PLEASE BE SURE TO READ ALL OF APPENDIX A, WHICH CONTAINS THE SPECIFIC TERMS AND CONDITIONS OF THIS AWARD OF RESTRICTED STOCK UNITS.
ONKOSXCEL THERAPEUTICS, LLC By: | PARTICIPANT [______] |
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aPPENDIX A TO restricted stock UNIT AWARD AGREEMENT
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Whenever the following terms are used in this Agreement (including the Grant Notice), they shall have the meaning specified below unless the context clearly indicates to the contrary. Capitalized terms used in this Agreement and not defined below shall have the meaning given such terms in the Plan. The singular pronoun shall include the plural, where the context so indicates.
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