Form of Stock Bonus Award Agreement
Exhibit 10.5
Purple Innovation, Inc.
2017 EQUITY INCENTIVE PLAN
Award Agreement
This Award Agreement evidences a grant of Stock pursuant to the provisions of the Purple Innovation, Inc. 2017 Equity Incentive Plan (the “Plan”) to the individual whose name appears below (the “Participant”), pursuant to the provisions of the Plan and on the following express terms and conditions (capitalized terms not otherwise defined herein shall have the meaning ascribed thereto in the Plan):
| 1. | Name of Participant: |
| 2. | Number of Shares of Stock: |
| 3. | Date of Grant: |
The Participant hereby acknowledges receipt of a copy of the Plan as presently in effect. The text and all of the terms and provisions of the Plan are incorporated herein by reference, and this grant of Stock is subject to these terms and provisions in all respects. The Participant shall remit to the Company an amount sufficient to satisfy the required withholding tax obligation of the Company that arises in connection with this grant.
Purple Innovation, Inc.
| By: | ||||
| [NAME/TITLE] | Dated |
| Agreed to and Accepted by: | |||
| [Name of Participant] | Dated | ||
