Form of CEO Restricted Stock Unit Issuance Agreement
FORM OF BOOT BARN HOLDINGS, INC.
CEO 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 Plan.
Number of Restricted Stock Units Subject to Award:
[●] Restricted Stock Units
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 -year 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.
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.
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.
[Signature Page to Restricted Stock Unit Issuance Agreement]