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Equity & Fundraising

Restricted Stock Award Package (Form)

The restricted stock form a board approves with its equity incentive plan: a grant notice, the award agreement, a stock power and joint escrow instructions. Completed for each award with the participant, the number of shares and the vesting start.

COVERS
  • Participant: __________________
  • Vesting Commencement Date: __________________
  • Number of Shares Subject to Award: __________________
  • Consideration: Participant’s services
  • and 37 more sections
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In plain English

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[COMPANY NAME]
Restricted Stock Award
Grant Notice
([PLAN YEAR] Equity Incentive Plan)

[COMPANY NAME] (the “Company”), pursuant to its [PLAN YEAR] Equity Incentive Plan (the “Plan”), hereby awards to Participant, in consideration of Participant’s services to the Company, the number of shares of the Company’s Common Stock set forth below (the “Award”). The Award is subject to all of the terms and conditions as set forth herein, in the Restricted Stock Award Agreement, the Plan, the Assignment Separate from Certificate and the Joint Escrow Instructions, all of which are attached hereto and incorporated herein in their entirety. Capitalized terms not explicitly defined herein but defined in the Plan or the Restricted Stock Award Agreement will have the same definitions as in the Plan or the Restricted Stock Award Agreement, as applicable. If there is any conflict between the terms herein and the Plan, the terms of the Plan will control.

Participant: __________________

Date of Grant: __________________

Vesting Commencement Date: __________________

Number of Shares Subject to Award: __________________

Consideration: Participant’s services

Vesting Schedule: The Award vests with respect to 1/4 of the shares subject to the Award on the first anniversary of the Vesting Commencement Date and thereafter 1/48 of the shares subject to the Award vests monthly until the Award is fully vested on the fourth anniversary of the Vesting Commencement Date, subject to Participant’s Continuous Service through each such vesting date.

This is a professionally drafted starting point, not legal advice for your specific situation. Using it does not create an attorney-client relationship.