Boot Barn Holdings, Inc. Restricted Stock Unit Issuance Agreement with Participant
This agreement between Boot Barn Holdings, Inc. and an individual participant outlines the terms for granting restricted stock units (RSUs) under the company's 2020 Equity Incentive Plan. The RSUs vest in annual installments over a set period, provided the participant remains employed and is not terminated for cause. Special provisions apply for termination due to death, disability, retirement, or a change of control, which may accelerate vesting. Shares are issued after vesting, subject to tax withholding. The agreement also restricts transfer of RSUs before shares are issued.
Exhibit 10.2.2
BOOT BARN HOLDINGS, INC.
RESTRICTED STOCK UNIT ISSUANCE AGREEMENT
THIS AGREEMENT is dated as of [_______], between Boot Barn Holdings, Inc., a corporation organized under the laws of the State of Delaware (the “Company”), and the individual identified in the table below (“Participant”).
All capitalized terms not defined in this Agreement shall have the meaning assigned to them in the 2020 Equity Incentive Plan (the “Plan”).
Participant: | [_____________________________] |
Grant Date: | [_______] |
Number of Restricted Stock Units Subject to Award: | [__] Restricted Stock Units |
Vesting Schedule: | The Restricted Stock Units shall conditionally vest in a series of [_____] successive equal annual installments upon Participant’s completion of each year of employment with the Company and its Affiliates over the [_____] period measured from the Grant Date (the “Vesting Schedule”). However, the Restricted Stock Units may be subject to accelerated vesting in accordance with Section 3 below. Notwithstanding anything herein to the contrary, any vesting references in this Agreement shall be deemed conditional and remain explicitly subject to Participant not being terminated by the Company for Cause (as defined in Section 3 below) at any time. If Participant’s employment is terminated by the Company for Cause, whether before or after the applicable vesting date, the Restricted Stock Units, whether otherwise conditionally vested or unvested, shall immediately terminate. |
Issuance Schedule: | The Shares underlying the Restricted Stock Units in which Participant vests in accordance with the Vesting Schedule above or in Section 3 below, shall be issued, subject to the Company’s collection of all applicable income and employment taxes required to be withheld by the Company or any Affiliate (the “Withholding Taxes”), within 60 days following the applicable vesting date (the “Issuance Date”). The applicable Withholding Taxes are to be collected pursuant to the procedure set forth in Section 6 of this Agreement. The Restricted Stock Units shall not be earned until the Issuance Date. |
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1 Note to draft: Good Reason shall only be included for Senior Vice Presidents and above.
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2 Note to draft: Good Reason shall only be included for Senior Vice Presidents and above.
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IN WITNESS WHEREOF, the parties have entered into this Restricted Stock Unit Issuance Agreement on the date first set forth above.
| BOOT BARN HOLDINGS, INC. | ||
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| By: | | |
| | Name: | |
| | Title: | |
| PARTICIPANT | ||
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| Signature: | | |
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| Address: | | |
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[Signature Page to Restricted Stock Unit Issuance Agreement]