Neothetics, Inc. Restricted Stock Unit Grant Notice under 2014 Equity Incentive Plan
Neothetics, Inc. grants a participant an award of restricted stock units (RSUs) under its 2014 Equity Incentive Plan. Each RSU entitles the participant to receive one share of company stock upon vesting, provided the participant remains employed through the vesting dates. The vesting schedule and other terms are detailed in the accompanying agreement. If there is a separate employment agreement, its terms may override conflicting provisions. Both the company and the participant must agree to the terms for the award to be valid.
Exhibit 10.21
NEOTHETICS, INC.
NOTICE OF GRANT OF RESTRICTED STOCK UNITS
Neothetics, Inc. (the “Company”) has granted to the Participant an award (the “Award”) of certain units pursuant to the Neothetics, Inc. 2014 Equity Incentive Plan (the “Plan”), each of which represents the right to receive on the applicable Settlement Date one (1) share of Stock, as follows:
| Participant: |
| Employee ID: |
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| Date of Grant: |
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| Total Number of Units: | , subject to adjustment as provided by the Restricted Stock Units Agreement. | |||||
| Settlement Date: | As soon as practicable on or after the date on which a Unit becomes a Vested Unit, but no later than March 15th of the calendar year following the year in which the Unit becomes a Vested Unit.. | |||||
| Vesting Commencement Date: |
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| Vested Units: | Except as provided in the Restricted Stock Units Agreement and provided that the Participant’s Service has not terminated prior to the applicable date, the number of Vested Units (disregarding any resulting fractional Unit) as of any date is determined by multiplying the Total Number of Units by the “Vested Ratio” determined as of such date, as follows: | |||||
| Vested Ratio | ||||
| Prior to first anniversary of Vesting Commencement Date | 0 | |||
| INSERT VESTING SCHEDULE | ||||
| Superseding Agreement: | [None] [Title and Date of Employment Agreement] | |||||
| The terms and conditions of the Superseding Agreement shall, notwithstanding any provision of the Restricted Stock Units Agreement to the contrary, supersede any inconsistent term or condition set forth in the Restricted Stock Units Agreement to the extent intended by such Superseding Agreement. | ||||||
By their signatures below or by electronic acceptance or authentication in a form authorized by the Company, the Company and the Participant agree that the Award is governed by this Grant Notice and by the provisions of the Plan and the Restricted Stock Units Agreement, both of which are made a part of this document. The Participant represents that the Participant has read and is familiar with the provisions of the Plan and Restricted Stock Units Agreement, and hereby accepts the Award subject to all of their terms and conditions.
| NEOTHETICS, INC. | PARTICIPANT | |||||
| By: |
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| [officer name] | Signature | |||||
| [officer title] |
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| Date | ||||||
| Address: |
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