Asensus Surgical, Inc. Stock Award Certificate for Non-Employee Director

Contract Categories: Business Finance › Equity Distribution Agreements
Summary

This certificate documents the issuance of shares by Asensus Surgical, Inc. to a non-employee director as payment for a quarterly retainer, instead of cash, under the company's Amended and Restated Incentive Compensation Plan. The shares are unrestricted and may be issued in book-entry or certificate form. The awardee is responsible for any taxes due at issuance and should be aware of potential liability if the shares are sold or transferred within six months, as per SEC regulations.

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EX-10.47 11 ex_232213.htm EXHIBIT 10.4.7 ex_232213.htm

Exhibit 10.4.7

 

ASENSUS SURGICAL, INC.
STOCK AWARD CERTIFICATE

 

 

Date of Issuance:    [___________]
     
Issuer:   Asensus Surgical, Inc., a Delaware corporation
     
Awardee:    _________________________
     
Plan:   Shares are issued under the Asensus Surgical, Inc. Amended and Restated Incentive Compensation Plan of the Company (the “Plan”)
     
Number of Shares:     
     
Reason for Issuance:   Payment of quarterly stock in lieu of cash retainer to non-employee director.
     
Restrictions:    None
     
Issuance of Certificate:   The Shares can be issued in book-entry form or certificated.
     
Transferability:   The Awardee is informed that, under Section 16 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), if the Awardee sells or transfers the Shares for value within six (6) months after the Date of Issuance the Awardee may become liable under the strict liability provisions of Section 16 of the Exchange Act.
     
Taxation:   The issuance of the Shares is a taxable transaction to the Awardee as of the date of issuance. The Awardee is responsible for all taxes that arise.