TIB Financial Corp. Restricted Stock Agreement Addendum

Contract Categories: Business Finance › Equity Distribution Agreements
Summary

This addendum modifies the original Restricted Stock Agreement between TIB Financial Corp. and the stockholder. It states that if the holder's service with the company ends before their restricted shares have vested, their rights to those unvested shares will be forfeited and the shares will be returned to the company. The holder must also complete any necessary paperwork to transfer the shares back. The agreement is effective as of the original date specified.

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EX-10.14 3 ex10_14.htm EXHIBIT 10.14 FORM OF RESTRICTED STOCK AGREEMENT ADDENDUM Exhibit 10.14 Form of Restricted Stock Agreement Addendum
 
EXHIBIT 10.14
 
 
TIB FINANCIAL CORP.
RESTRICTED STOCK AGREEMENT ADDENDUM


This is an Addendum to the Restricted Stock Agreement. Section 4 of the Agreement is deleted in its entirety and replaced with the following:

4.  
Termination of Services. Subject to Section 3(b), if the Holder ceases Continuous Services for any reason before the Unvested Shares have vested, the Holder’s rights with respect to the Unvested Shares will terminate and be returned to the Company. The Holder shall execute such documents and take such other actions as may be necessary in order to transfer full legal title with respect to such Unvested Shares to the Company.





IN WITNESS WHEREOF, the parties have executed this Agreement to be effective as originally set forth.

TIB FINANCIAL CORP.


By:____________________________________


HOLDER


_______________________________________

_______________________________________
[PRINT NAME]