Company: ACEL
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001628280-25-018604
Chunk: 71

Company: Accel Entertainment, Inc.
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 71
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 100% of the fair market value per share of Class A-1 common stock as of the date of grant of the Option (or in the case of an ISO granted to an individual who owns stock possessing more than 10% of the total combined voting power of all classes of stock of Accel, its parent or any of its subsidiaries, 110% of the fair market value per share of Class A-1 common stock on the date of grant).

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Stock Appreciation Rights. As stock appreciation right (“ SAR ”) is the right to receive a share of Class A-1 commons stock, or an amount equal to the excess of the fair market value of one Class A-1 Share on the date of exercise over the base price of the SAR, as determined by the Compensation Committee. The grant price of each SAR granted under the Second A&R LTIP is determined by the Compensation Committee; provided that, the grant price for an SAR, other than an SAR granted as a substitute award or adjusted in connection with a recapitalization, in each case as allowed under the Second A&R LTIP, cannot be less than the greater of (A) the par value per shares of Class A-1 common stock or (B) 100% of the fair market value per share of Class A-1 common stock as of the date of grant of the SAR.

Restricted Stock Awards. A Restricted Stock Award (“ Restricted Stock ”) is a grant of shares of Class A-1 common stock subject to restrictions, terms and conditions imposed by the Compensation Committee in its discretion. Unless the Compensation Committee determines otherwise, upon the issuance of Restricted Stock, a Participant has all of the rights of a stockholder with respect to the shares of Class A-1 common stock represented by the Restricted Stock, including the right to vote such shares of Class A-1 common stock and to receive all dividends or other distributions made with respect to the shares of Class A-1 common stock; provided that (i) the Compensation Committee may require any cash dividends paid on a share of Restricted Stock be automatically reinvested in additional shares of Restricted Stock, applied to the purchase of additional Awards or deferred without interest to the date of vesting of the associated Award of Restricted Stock and (ii) any non-cash property distributed as a dividend shall be subject to restrictions and a risk of forfeiture to the same extent as the Restricted Stock with respect to which such property was distributed.

Restricted Stock Units. An RSU Award represents the right