Restricted Stock Award Agreement for Directors

Contract Categories: Business Finance › Stock Agreements
Summary

This agreement grants a director a specified number of restricted company shares, which will vest in three equal annual installments starting on the first anniversary of the award date. The director must continue to serve with the company to receive each installment. The agreement outlines the vesting schedule and conditions for the award.

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EX-10.51 3 d62726_ex10-51.txt STOCK PLAN AGREEMENT Exhibit 10.51 Award Recipient: _______________________________ Number of Restricted shares awarded: _______________________________ Date of Award: _______________________________ Vesting Schedule: Awards will vest in three equal annual installments, as follows, commencing on the first anniversary of the Date of Award, subject to Director's continued service with the company. Date Vested: _______ Number of Shares Vested: _______ Date Vested: _______ Number of Shares Vested: _______ Date Vested: _______ Number of Shares Vested: _______