Form of Inducement Restricted Stock Unit Agreement
Number of Restricted Stock Units:
Date of Grant:
Vesting Commencement Date:
Restricted Stock Unit Agreement
This agreement (this “Agreement”) evidences an inducement award (the “Award”) of Restricted Stock Units (“RSUs”) by Verastem, Inc., a Delaware corporation (the “Company”), to the individual named above (the “Participant”). The RSUs are granted to the Participant in connection with the Participant’s entering into employment with the Company and is regarded by the parties as an inducement material to the Participant’s entering into employment within the meaning of NASDAQ Listing Rule 5635(c)(4).
The RSUs shall be subject to and governed by, and shall be construed and administered in accordance with, the terms and conditions of the Verastem, Inc. 2021 Equity Incentive Plan (as from time to time amended and in effect, the “Plan”), which terms and conditions are incorporated herein by reference, except for those terms and conditions contained in Section 4(a) of the Plan and any amendments to Section 4(a) of the Plan. Notwithstanding the foregoing, the RSUs are not awarded under the Plan and the grant of the RSUs and issuance of any Shares pursuant to the settlement of the RSUs shall not reduce the number of shares of Stock available for issuance under awards pursuant to the Plan. Except as otherwise defined herein, all capitalized terms used herein have the same meaning as in the Plan.
The RSUs are granted to the Participant in connection with the Participant’s Employment.
[Signature page follows.]
The Company, by its duly authorized officer, and the Participant have executed this Agreement.
Agreed and Accepted:
Signature Page to Restricted Stock Unit Agreement