Non-Employee Director Restricted Stock Unit Award Summary – XHC

Contract Categories: Business Finance › Equity Distribution Agreements
Summary

This agreement grants a specified number of restricted stock units (RSUs) to a non-employee director of XHC. The RSUs vest on the earlier of one year from the award date, the next annual shareholder meeting, or the director's death. If the director leaves the board before the vesting date, the RSUs vest on a pro-rata monthly basis. The agreement outlines the terms and timing for the director to receive shares, subject to continued board service.

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EX-10.12 6 ex1012-rsuawardsummaryxxhc.htm EX-10.12 RSU AWARD SUMMARY - XHC FOR NED Document



EXHIBIT 10.12
Award Summary –Non-Employee Director Equity Grant

[First Name] [Last Name]

Restricted Stock UnitsDate of Agreement and Award:[Date]
Number of Restricted Stock Units:[Number] RSUs
Vesting Date:Earlier of (a) one year from Date of Award (or, if applicable, pro-rated for any appointment as a Director other than at each annual meeting of shareholders) or (b) date of following year’s annual meeting of shareholders or (c) date of death (and to vest pro-rata, on a monthly basis, if a Director terminates service on the Board of Directors prior to the anniversary vesting date)