Exhibit 10.8


 





PERSHING GOLD CORPORATION 


RESTRICTED STOCK UNIT GRANT AGREEMENT



 


This Restricted Stock
Unit Grant Agreement (this “Agreement”), dated __________ (the “Date of Grant”), is entered
into by and between PERSHING GOLD CORPORATION (the “Corporation”) and _________________ (“Participant”).


 


RECITALS


 


A.       The
Corporation’s Board of Directors (the “Board”) has adopted, and the stockholders have approved, the Pershing
Gold Corporation 2013 Equity Incentive Plan (the “Plan”);


 


B.       The
Plan provides for awards of restricted stock units to eligible participants as determined by the Administrator;


 


C.       The
Administrator has determined that Participant is a person eligible to receive an award of restricted stock units under the Plan
and has determined that it would be in the best interest of the Corporation to grant the restricted stock units provided for herein.


 


AGREEMENT


 


1.       Grant
of Restricted Stock Units.


 


(a)       Grant.
Participant is hereby awarded, subject to the conditions of the Plan and this Agreement, _______________(________) restricted stock
units (the “Restricted Stock Units”). The Restricted Stock Units shall vest in accordance with Section 2, below.
Once vested, each Restricted Stock Unit represents the right to receive one share of the Corporation’s common stock, $0.0001
par value per share (the “Common Stock”) at the time(s) and subject to the terms and conditions set forth herein.


 


(b)       Plan
Incorporated. Participant acknowledges receipt of a copy of the Plan, and agrees that this award of Restricted Stock Units
shall be subject to all of the terms and conditions set forth in the Plan, as the Plan may be amended from time to time. The Plan
is incorporated herein by reference as a part of this Agreement. Except as defined herein, capitalized terms shall have the same
meanings ascribed to them under the Plan.


 


2.       Vesting.


 


(a)       General.
Restricted Stock Units shall vest in accordance with the following schedule, provided Participant remains a member of the Board
continuously from the Date of Grant through each of the “Vesting Dates” set forth below:


 



    	 	   	 



     


    




 


 


	Vesting Date	RSUs That Vest on the Vesting Date
	[   ]	[   ]


(b)       Certain
Terminations of Board Service. In the event Participant ceases to be a member of the Board for any of the reasons set forth
below, any unvested and outstanding Restricted Stock Units shall vest in full as of the date of such cessation of Board service:


 


(i)       the
termination of Participant’s service on the Board as a result of not being nominated for reelection by the Board;


 


(ii)       the
termination of Participant’s service on the Board because Participant does not stand for reelection as a result of the Corporation’s
stockholders not reasonably being expected to reelect the Participant;


 


(iii)       the
termination of Participant’s service on the Board because Participant, although nominated for reelection by the Board, is
not reelected by the Corporation’s stockholders;


 


(iv)       the
termination of Participant’s service on the Board because of (i) Participant’s resignation at the request of the Nominating
Committee of the Board (or successor committee), or (ii) Participant’s removal by action of the stockholders or by the Board
(in each case other than as a result of Participant’s misconduct); or


 


(v)       the
termination of Participant’s service on the Board because of death or disability.


 


(c)       Accelerated
Vesting upon Change in Control. In the event of a “Change in Control” (as such term is defined in the Plan) of
the Corporation, any unvested and outstanding Restricted Stock Units held by Participant shall become vested in full immediately
prior to such Change in Control.


 


3.       Forfeiture
of Granted Units. Upon Participant’s cessation of Board service for any reason, any Restricted Stock Units that are not
then vested or that do not become vested as a result of such cessation of service pursuant to Section 2(b), above, shall be forfeited
immediately, shall thereafter cease to be outstanding, and the Participant shall have no further rights with respect to such Restricted
Stock Units..


 


4.       Settlement
of Vested Restricted Stock Units. The shares of Common Stock issuable in respect of vested Restricted Stock Units shall be
issued within ten (10) days following the soonest to occur of: (i) Participant’s Separation from Service (as defined below),
(ii) Participant’s death, or (iii) a 409A Change in Control (as defined below). On the payment date, the Corporation shall
cause a stock certificate or certificates to be delivered to or on behalf of Participant for a number of shares of Common Stock
equal to the number of vested Restricted Stock Units held by the Participant on such date. For purposes of this Agreement, “Separation
from Service” shall have the meaning set forth in Treasury Regulation Section 1.409A-1(h), and “409A Change
in Control” shall mean a Change in Control (as defined in the Plan) that also qualified as a “change in control
event” as defined in Treasury Regulation Section 1.409A-3(i)(5).


 






    	 	- 2 -	 



     


    

 


5.       Limits
on Transferability. Restricted Stock Units shall not be transferable except by will or the laws of descent and distribution
or pursuant to a beneficiary designation, or as otherwise permitted by Section 5.7 of the Plan. No right or benefit hereunder shall
in any manner be liable for or subject to any debts, contracts, liabilities, or torts of Participant. Any purported assignment,
alienation, pledge, attachment, sale, transfer or other encumbrance of Restricted Stock Units that does not satisfy the requirements
of this Agreement and the Plan shall be void and unenforceable against the Corporation.


 


6.       Status
of Stock. Participant agrees that the Restricted Stock Units and Common Stock issued pursuant to the Restricted Stock Units
will not be sold or otherwise disposed of in any manner that would constitute a violation of any applicable federal or state securities
laws. Participant also agrees (i) that the certificates representing Common Stock issued pursuant to the Restricted Stock Units
may bear such legend or legends as the Corporation deems appropriate in order to assure compliance with applicable securities laws,
(ii) that the Corporation may refuse to register the transfer of the Restricted Stock Units and Common Stock issued pursuant to
the Restricted Stock Units on the stock transfer records of the Corporation if such proposed transfer would be in the opinion of
counsel satisfactory to the Corporation constitute a violation of any applicable securities law and (iii) that the Corporation
may give related instructions to its transfer agent, if any, to stop registration of the transfer of the Restricted Stock Units
and Common Stock issued pursuant to the Restricted Stock Units.


 


7.       Stockholder
Rights. The Participant shall not have any stockholder rights, including voting or dividend rights, with respect to the shares
of Common Stock subject to the Restricted Stock Units until such shares are issued.


 


8.       Dividend
Equivalent Rights. The Participant shall have dividend equivalent rights with respect to all Restricted Stock Units that become
vested. Pursuant to such dividend equivalent rights, the Corporation shall establish an account or accounts for the Participant
and reflect in that account any ordinary dividends paid with respect to shares of Common Stock underlying Participant’s Restricted
Stock Units. The amounts credited to Participant’s account(s) shall be held without interest and shall be payable if the
Restricted Stock Units to which they relate become vested (in which case they shall be paid at the same time as the vested Restricted
Stock Units to which they relate). In the event any Restricted Stock Units are forfeited, the related dividend equivalent amounts
for such Restricted Stock Units shall also be forfeited.


 


9.       Tax
Consideration. The Corporation has advised Participant to seek Participant’s own tax and financial advice with regard
to the federal and state tax considerations resulting from Participant’s receipt of Restricted Stock Units pursuant to this
Agreement. Participant understands that the Corporation will report to appropriate taxing authorities the payment to Participant
of compensation income upon the issuance of shares in respect of vested Restricted Stock Units. Participant understands that Participant
is solely responsible for the payment of all federal and state taxes resulting from the Restricted Stock Units.


 






    	 	- 3 -	 



     


    

 


10.       Binding
Effect. This Agreement shall bind Participant and the Corporation and their respective beneficiaries, survivors, executors,
administrators and transferees.


 


11.       No
Guarantee of Continued Board Service. This Agreement is not a contract for continued service on the Board and nothing herein
shall imply that Participant has a right to continue as a member of the Board.


 


12.       Applicable
Law. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Nevada without
regard to conflict of law principles thereunder.


 


13.       Conflicts
and Interpretation. In the event of any conflict between this Agreement and the Plan, this Agreement shall control. In the
event of any ambiguity in this Agreement, or any matters as to which this Agreement is silent, the Plan shall govern including,
without limitation, the provisions thereof pursuant to which the Administrator has the power, among others, to (i) interpret
the Plan, (ii) prescribe, amend and rescind rules and regulations relating to the Plan and (iii) make all other determinations
deemed necessary or advisable for the administration of the Plan.


 


14.       Compliance
with Law. Notwithstanding any other provisions of this Agreement, the issuance or delivery of any shares of Common Stock may
be postponed for such period as may be required to comply with any requirements under any law or regulation applicable to the issuance
or delivery of such shares. The Corporation shall not be obligated to issue or deliver any shares of Common Stock if the issuance
or delivery thereof shall constitute a violation of any provision of any law or of any regulation of any governmental authority


 


15.       Amendment.
The Corporation may modify, amend or waive the terms of this Agreement, prospectively or retroactively, but no such modification,
amendment or waiver shall impair the rights of Participant without Participant’s consent, except as required by applicable
law or stock exchange rules, tax rules or accounting rules. Prior to the effectiveness of any modification, amendment or waiver
required by tax or accounting rules, the Corporation will provide notice to Participant and the opportunity for Participant to
consult with the Corporation regarding such modification, amendment or waiver. The waiver by either party of compliance with any
provision of this Agreement shall not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent
breach by such party of a provision of this Agreement.


 


16.       Compliance
with Code Section 409A. The Restricted Stock Units granted under this Agreement are intended to comply with the requirements
of section 409A of the Internal Revenue Code, and this Agreement shall be interpreted and administered in a manner consistent with
such intent. Participant shall be solely responsible and liable for the satisfaction of all taxes and penalties that may be imposed
on Participant in connection with the Restricted Stock Units granted hereunder (including any taxes and penalties under Section
409A of the Code), and neither the Corporation nor any of its Affiliates shall have any obligation to indemnify or otherwise hold
Participant harmless from any or all of such taxes or penalties.


 


[Signature Page Follows.]


 






    	 	- 4 -	 



     


    

 


IN WITNESS WHEREOF,
the parties have executed this Restricted Stock Unit Grant Agreement as of the date first written above.


 










	 	PERSHING GOLD CORPORATION
	 	 
	 	 
	 	 
	 	By: ________________________________
	 	Name: ______________________________
	 	Title: _______________________________
	 	 
	 	 
	 	PARTICIPANT:
	 	 
	 	 
	 	____________________________________
	 	[ ]


 


 


 






    	 	- 5 -