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2020 OMNIBUS INCENTIVE PLAN
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FORM OF RETENTION RESTRICTED STOCK UNIT AGREEMENT
Colfax Corporation, a Delaware corporation (the Company), hereby grants stock units relating to shares of its common stock, $.001 par value (the Stock), to the individual named below as the Grantee. The terms and conditions of the grant are set forth in this cover sheet to the Retention Restricted Stock Unit Agreement, in the attached Retention Restricted Stock Unit Agreement (together with the cover sheet, the Agreement) and in the Colfax Corporation 2020 Omnibus Incentive Plan (the Plan).
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|Grant Date: || ||Grant Date|
|Name of Grantee: || ||Participant Name|
|Grantee Employee ID: || ||Employee ID|
|Number of Stock Units Covered by Award: || ||Number of Awards Granted|
|Vesting Schedule: || ||Vesting Schedule (Dates & Quantities)|
By accepting this Award in the manner established by the Company, you agree to all of the terms and conditions described in this Agreement and in the Plan. You acknowledge that (a) you have received a copy of the Plan and this Agreement and have read and understand the terms and conditions of the Plan and this Agreement, (b) the grant of the Award is voluntary and occasional and does not create any contractual or other right to receive future grants, (c) all decisions with respect to future grants, if any, will be at the sole discretion of the Company, (d) your participation is voluntary, (e) the Award is not part of normal or expected compensation or salary for any purposes, including but not limited to calculating any severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments and the Award is an extraordinary item which is outside the scope of your employment agreement, if any, (f) in the event that you are an employee of an Affiliate of the Company, the Award will not be interpreted to form an employment agreement or relationship with the Company; and furthermore, the Award will not be interpreted to form an employment agreement with the Affiliate that is your employer, (g) no claim or entitlement to compensation or damages arises from forfeiture or termination of the Award and you irrevocably release the Company and its Affiliates from any such claim that may arise, and (h) in the event of involuntary termination of your employment, your right to receive the Award, if any, will terminate effective as of the date that you are no longer actively employed and will not be extended by any notice period mandated under local law (e.g., active employment would not include a period of garden leave or similar period pursuant to local law); furthermore, in the event of involuntary termination of employment, your right to vest in the Award after termination of employment, if any, will be measured by the date of termination of your active employment and will not be extended by any notice period mandated under local law. You agree that the Plan will control in the event any provision of this Agreement should appear to be inconsistent with the terms of the Plan. Certain capitalized terms used in this Agreement are defined in the Plan and have the meaning set forth in the Plan.
This is not a stock certificate or a negotiable instrument.