Non-Qualified Stock Option Award Agreement between Daseke, Inc. and Chris Easter under 2017 Omnibus Incentive Plan
Daseke, Inc. grants Chris Easter the option to purchase 652,200 company shares at $1.38 per share under its 2017 Omnibus Incentive Plan. The options vest in three equal annual installments, with accelerated vesting possible upon a change in control, termination without cause, resignation for good reason, or death/disability, subject to certain conditions. The agreement outlines how and when the options can be exercised, restrictions on transfer, and forfeiture provisions if employment ends under other circumstances.
Exhibit 10.2
NON-QUALIFIED STOCK OPTION AWARD AGREEMENT
DASEKE, INC.
2017 OMNIBUS INCENTIVE PLAN
This NON-QUALIFIED STOCK OPTION AWARD AGREEMENT (this “Agreement”), is made as of April 20, 2020 between Daseke, Inc. (the “Company”), and Chris Easter (the “Participant”), and is made pursuant to the terms of the Company’s 2017 Omnibus Incentive Plan, as amended and restated (the “Plan”). Capitalized terms used herein but not defined shall have the meanings set forth in the Plan. For the purposes of this Agreement, the “Grant Date” shall be April 20, 2020.
Vesting Schedule | |
Option Vesting Date | Percentage of Option Shares Vested* |
1st anniversary of Grant Date | 33.33% |
2nd anniversary of Grant Date | 33.33% |
3rd anniversary of Grant Date | 33.34% |
*Any resultant fractional Option Shares shall not become vested and instead shall be subject to the next Option Vesting Date. |
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Affiliate; provided that the designation of a beneficiary shall not constitute a sale, assignment, alienation, pledge, attachment, transfer or encumbrance. Notwithstanding the foregoing, at the discretion of the Committee, Options may be transferred by the Participant solely to the Participant’s spouse, siblings, parents, children and grandchildren or trusts for the benefit of such persons or partnerships, corporations, limited liability companies or other entities owned solely by such persons, including, but not limited to, trusts for such persons.
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[SIGNATURES ON FOLLOWING PAGE]
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IN WITNESS WHEREOF, the parties hereto have executed this Agreement effective as of the Grant Date.
DASEKE, INC.
By:/s/ Soumit Roy
Name:Soumit Roy
Title:Corporate Secretary
PARTICIPANT
/s/ Christopher Easter
Participant’s Signature Date
Name:Chris Easter
Address: