ex103arhaus-rsuawardagre






4894-9226-3482.1  Restricted Stock Unit Award Agreement  Under the Arhaus, Inc. 2021 Equity Incentive Plan      Arhaus, Inc. (the “Company”) has granted to the Participant an award (the “Award”) of  Restricted Stock Units (the “RSUs”). Each RSU represents an unfunded, unsecured promise of the  Company to deliver to the Participant one Share, subject to the vesting and other restrictions, terms,  and conditions set forth in the Arhaus, Inc. 2021 Equity Incentive Plan (the “Plan”) and those set  forth in this award agreement (the “Award Agreement”), including the Terms and Conditions of  RSU Award attached hereto as Exhibit A. Any capitalized terms used in this Award Agreement  and not defined herein shall have the meanings ascribed to such terms in the Plan.     Award of RSUs:     Participant Name:       Participant Address:            Grant Date:       Total RSUs Granted:        The Participant, by accepting this Award, acknowledges and agrees that the RSUs are  granted under and governed by the terms, and subject to the conditions, of this Award Agreement  and the Plan effective as of the Grant Date.    IN WITNESS WHEREOF, the parties hereto have executed this Award Agreement.     Arhaus, Inc.   Participant           By:___________________________   ___________________________     [Name]  [Title]    [Name]           





 






4894-9226-3482.1  Exhibit A     Terms and Conditions of RSU Award     1. Vesting. Subject in each case to the Participant’s Continuous Service on each  applicable vesting date, the RSUs awarded under this Award Agreement shall vest in accordance  with the schedule set forth below unless, prior to any vesting date set forth, the applicable RSUs  are forfeited or have become subject to accelerated vesting under the terms and conditions of the  Plan or otherwise herein:  [applicable vesting schedule]    2. Termination of Continuous Service. The Company grants the Participant RSUs in  consideration for services to be rendered by the Participant to the Company. If a Participant’s   Continuous Service terminates for any reason other than death, Disability or in connection with a  Change in Control (as such terms are defined in the Plan) pursuant to the provisions below,  unless the Committee, or, if applicable, its designee, determines otherwise, all RSUs that are  unvested at the time of such termination shall be forfeited and canceled immediately.   a) If a Participant’s Continuous Service terminates due to death or Disability,  any unvested RSUs will become fully vested.   b) If there is a Change in Control, unless otherwise determined by the  Committee, any unvested RSUs that are not assumed or substituted with a substantially  equivalent award by the successor corporation will become fully vested immediately prior to the  Change in Control. If a Participant’s Continuous Service is terminated without Cause (as defined  in the Plan) within the sixty (60) days preceding or the twenty-four (24) months following the  Change in Control, then any unvested RSUs shall vest upon the later of the date of the  termination of Continuous Service and the date of the Change in Control.   3. Dividends. If the Company declares a dividend (ordinary or extraordinary, whether in  cash, securities, or other property) or distribution of other rights for which the record date is prior  to the date the RSUs are vested, dividend equivalents will be credited to the Participant and paid  or distributed if and when the underlying RSUs vest.  4. RSUs Non-Transferable. The Participant shall not directly or indirectly sell, transfer,  pledge, assign, or otherwise encumber the RSUs or any interest in them, or make any  commitment or agreement to do any of the foregoing.   5. Settlement; Tax Withholding. The Company shall, as soon as practicable upon the  vesting of any RSUs, effect delivery of Shares to fully settle such vested RSUs to the Participant  (or, in the event of the Participant’s death, to the Beneficiary). No Shares will be issued pursuant  to this Award Agreement unless and until all legal requirements applicable to such issuance have  been complied with to the satisfaction of the Committee. Unless otherwise provided by the  Committee, the Company shall have the power and the right to deduct or withhold automatically  from any amount deliverable pursuant to settlement of the RSUs, or require Participant to remit  





 






4894-9226-3482.1  to the Company, the minimum statutory amount to satisfy federal, state, and local taxes, required  by law or regulation to be withheld with respect to any taxable event arising as a result of the  settlement of the RSUs.  6. Stockholder Rights.  Except as set forth in this Award Agreement or the Plan, no  Participant or Beneficiary shall have any rights as a stockholder with respect to Shares subject to  RSUs until such Shares are delivered to the Participant or the Beneficiary. Prior to actual  settlement of any RSUs that have vested, the RSUs represent an unsecured and unfunded  obligation of the Company.  7. Section 409A. This Award is intended to comply with Section 409A of the Code or an  exemption thereunder and shall be construed and interpreted in a manner that is consistent with  the requirements for avoiding additional taxes or penalties under Section 409A of the Code.  Notwithstanding the foregoing, the Company makes no representations that the payments and  benefits provided under this Award comply with Section 409A of the Code and in no event shall  the Company be liable for all or any portion of any taxes, penalties, interest, or other expenses  that may be incurred by the Participant on account of non-compliance with Section 409A of the  Code.  8. Data Privacy. The Participant hereby explicitly and unambiguously consents to the  collection, use, and transfer, in electronic or other form, of his or her personal information that is  necessary for the purpose of implementing, administering, and managing the Participant’s  participation in the Plan by and among, as applicable, the Company and its Affiliates. The  Participant authorizes the Company and its Affiliates to transfer such personal information to  third parties that assist in the implementation, administration, and management of the Plan.  9. Electronic Delivery and Acceptance. The Company may, in its sole discretion, decide  to deliver any documents related to the RSUs granted under the Plan and participation in the  Plan, or future RSUs that may be granted under the Plan, by electronic means. The Participant  hereby consents to receive such documents by electronic delivery and, if requested, to participate  in the Plan through an online (and/or voice activated) system established and maintained by the  Company or a third party designated by the Company.  [10. Non-Competition and Non-Solicitation Agreement. In consideration for the RSUs  that Participant is receiving under this Award Agreement, Participant will be required to enter  into a confidentiality, non-compete and non-solicitation agreement with the Company.]  11. Government and Other Regulations; Governing Law. This Award Agreement and the  Plan are governed by the laws of the State of Delaware, excluding any conflicts or choice of law  rule or principle that might otherwise refer construction or interpretation of the Plan to the  substantive law of another jurisdiction. The grant of RSUs is subject to all laws, regulations, and  orders of any governmental authority which may be applicable thereto, and, notwithstanding any  of the provisions hereof, the Participant acknowledges that the Company will not be obligated to  issue any Shares hereunder if the grant or vesting thereof or the issuance of such Shares, as the  case may be, would constitute a violation by the Participant or the Company of any such law,  regulation, or order or any provision thereof. The Company shall not be obligated to take any  





 






4894-9226-3482.1  affirmative action in order to cause the vesting of the RSUs or the issuance of Shares pursuant  hereto to comply with any such law, regulation, order, or provision.     12. Miscellaneous Provisions.  (a) The RSUs are granted under and subject to the terms and conditions of the  Plan, which is incorporated herein and made part hereof by this reference. In the event of a  conflict between the terms of the Plan and this Award Agreement, the terms of the Plan, as  interpreted by the Board or the Committee, shall govern. The Participant hereby acknowledges  receipt of a true copy of the Plan and that the Participant has read the Plan carefully and fully  understands its contents.   (b) This Award Agreement and the Plan constitute the entire contract between the  parties hereto with regard to the subject matter hereof. This Award Agreement and the Plan  supersede any other agreements, representations or understandings (whether oral or written and  whether express or implied) which relate to the subject matter hereof.   (c) If the Participant has received this Award Agreement or any other document  related to the Plan translated into a language other than English and if the translated version is  different than the English version, the English version will control.  (d) The provisions of this Award Agreement are severable and if any one or more  provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the  remaining provisions shall nevertheless be binding and enforceable.  (e) This Award Agreement may be executed or deemed executed in two or more  counterparts, each of which shall be deemed an original, but all of which shall constitute one and  the same instrument.