FORM OF AMENDMENT TO OFFICER RESTRICTED SHARE AWARD
Exhibit 10.36
FORM OF
AMENDMENT TO
OFFICER RESTRICTED SHARE AWARD
This Amendment to Officer Restricted Share Award (“RSA Amendment”) is made this [*****], by and between Oxford Immunotec Global PLC (the “Company”) and [*****] (“Grantee”).
RECITALS
WHEREAS, Company and Grantee are parties to a restricted share award certificate designated Restricted Share Award [*****], reflecting the grant of restricted shares under Appendix C to the Company’s 2013 Share Incentive Plan with a Grant Date of March 3, 2014 the (“RSA Certificate”); and
WHEREAS, the parties now wish to amend the RSA Certificate as set forth in this RSA Amendment.
NOW, THEREFORE, in consideration of the foregoing, the promises and covenants set forth in this RSA Amendment, and other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged and agreed, the Company and Grantee agree as follows:
1. Paragraph 3 of the RSA Certificate shall be amended by deleting the introductory paragraph of Paragraph 3 and subparagraph 3(a) in their entirety and replacing them with the following:
3. Restriction Period. (a) The period between the Grant Date and the Vesting Date (as defined below) is a “Restriction Period.” Unless earlier terminated, forfeited, relinquished or expired, the restrictions on the Award shall lapse as follows subject to this Section 3 and the Grantee’s continuous employment or service with the Company from the Grant Date through the applicable Vesting Date:
Number of Shares | Vesting Date |
13.3% of Award Shares | May 9, 2016 |
13.3% of Award Shares | August 8, 2016 |
13.4% of Award Shares | November 7, 2016 |
30% of Award Shares | March 3, 2017 |
30% of Award Shares | March 3, 2018 |
2. Except as amended herein, the RSA Certificate shall remain in full force and effect. Terms not defined in this RSA Amendment shall have the meaning set forth in the RSA Certificate.
This RSA Amendment has been executed and delivered as a deed on [*****].
Amendment to Restricted Share Award No. [ ]
[NAME]
SIGNED as a Deed
By [*****]
_____________________________________
in the presence of:
_____________________________________
Witness signature:
Name:
Address:
Occupation:
SIGNED as a Deed
By OXFORD IMMUNOTEC GLOBAL PLC
acting by the under-mentioned
person(s) acting on the authority
of the Company in accordance
with the laws of the territory of
its incorporation
_____________________________________
Authorised signatory
_____________________________________
Authorised signatory
Amendment to Restricted Share Award No. [ ]
[NAME]