EX-10.1



 Exhibit 10.1 

TRANSENTERIX, INC. 

RESTRICTED STOCK UNIT AWARD AGREEMENT 

This RESTRICTED STOCK UNIT AWARD AGREEMENT (this “Agreement”) dated as of [Date of Agreement] (the “Date of Grant”), is
made by TransEnterix, Inc., a Delaware corporation (the “Company”), to [Participant] (the “Participant”). 
 RECITALS

 The Amended and Restated 2007 Incentive Compensation Plan of the Company (the “Plan”) provides for the issuance of equity
awards to “Eligible Employees” of the Company, and the Participant is an Eligible Employee under the Plan. 
 The Board of
Directors has determined that it is in the best interests of the Company and its stockholders to grant the restricted stock unit award provided for herein to the Participant pursuant to the terms set forth herein as an incentive for the Participant
to contribute to the Company’s future success and prosperity. 
 NOW THEREFORE, in consideration of the mutual covenants
hereinafter set forth, the parties hereto agree as follows: 
 1. Award of the Restricted Stock Units. 

(a) The Company hereby grants to the Participant [Number of RSUs] restricted stock units (“Restricted Stock Units”), representing the
right to receive an equal number of shares of common stock of the Company (the “Shares”), upon the lapse of forfeiture restrictions (“vesting”) of some or all of such Restricted Stock Units, subject to the terms and conditions
set forth in this Agreement. 
 (b) The Restricted Stock Units are awarded to the Participant as a Deferred Stock Award under the Plan, and
are subject to the terms and conditions set forth in the Plan, including the discretion of the Committee under the Plan, subject to any specific provisions set forth in this Agreement. A copy of the Plan is attached to this Agreement and made a part
hereof. Capitalized terms not defined in this Agreement shall have the meanings set forth in the Plan. 
 (c) Upon vesting of the Restricted
Stock Units, the Restricted Stock Units will be settled by a delivery of Shares. No dividend equivalents are authorized as part of the award of these Restricted Stock Units. 

(d) Prior to vesting of the Restricted Stock Units pursuant to Sections 2 or 3 of this Agreement: (i) the Participant shall not be
treated as a stockholder as to Shares issuable to the Participant with respect to such Restricted Stock Units, and shall only have a contractual right to receive such Shares following such vesting, unsecured by any assets of the Company or its
Subsidiaries; (ii) the Participant shall not be permitted to vote the Restricted Stock Units or the Shares issuable with respect to such Restricted Stock Units; and (iii) the Participant’s right to receive such Shares following
vesting of the Restricted Stock Units shall be subject to the adjustment provisions set forth in Section 10(c) of the Plan. The Restricted Stock Units shall be subject to all of the restrictions hereinafter set forth. 







 2. Vesting. 

(a) Except as otherwise provided in this Section 2 and in Section 3 hereof, the Restricted Stock Units shall vest in accordance with
the following schedule: (i) one-third of the Restricted Stock Units (RSU Vest 1) shall vest on [First Vesting Date]; (ii) one-third of the Restricted Stock Units (RSU Vest 2) shall vest on [Second Vesting Date]; and (iii) the final
one-third of the Restricted Stock Units (RSU Vest 3) shall vest on [Third Vesting Date]. 
 (b) Notwithstanding any other provision of the
Plan or this Agreement to the contrary, until the restrictions set forth in this Section 2 have lapsed, the Restricted Stock Units may not be transferred, assigned or otherwise encumbered other than in accordance with the applicable provisions
of Section 6 hereof. 
 3. Change in Control. The provisions of Article 9 of the Plan shall apply to the Restricted Stock Units under this
Agreement. 
 4. Issuance of Certificates. Following the applicable vesting date with respect to the Restricted Stock Units, and subject to the terms
and conditions of the Plan, the Company will issue a stock certificate for the Shares issuable with respect to such vested Restricted Stock Units, net of any Shares withheld by the Company to satisfy the payment of taxes as described in
Section 7 herein. Such issuance shall take place as soon as practicable following the applicable vesting date (but in no event later than two and one-half months following the end of the calendar year in which the vesting date occurs). The
certificates representing the Shares issued in respect of the Restricted Stock Units shall be subject to such stop transfer orders and other restrictions as the Committee may determine is required by the rules, regulations, and other requirements of
the Securities and Exchange Commission, any stock exchange upon which such Shares are listed, any applicable federal or state laws and the Company’s Certificate of Incorporation and Bylaws, and the Committee may cause a legend or legends to be
put on any such certificates to make appropriate reference to such restrictions. 
 5. No Right to Continued Employment. Neither the Plan nor this
Agreement shall confer on the Participant any right to be retained, in any position, as an employee, consultant or director of the Company. 
 6.
Transferability. 
 (a) The Restricted Stock Units are not transferable and may not be sold, assigned, transferred, disposed of,
pledged or otherwise encumbered by the Participant, other than by will or the laws of descent and distribution. Upon such transfer (by will or the laws of descent and distribution), such transferee in interest shall take the rights granted herein
subject to all the terms and conditions hereof. 
 (b) Subject to Section 6(a) hereof, in order to comply with any applicable
securities laws, the Participant agrees that the Shares issued to the Participant with respect to vested Restricted Stock Units shall only be sold by the Participant following registration of such Shares under the Securities Act of 1933, as amended,
or pursuant to an exemption therefrom. 
 7. Withholding. The Participant shall pay to the Company promptly upon request, and in any event at the
time the Participant recognizes taxable income in respect of the Restricted Stock Units, an amount equal to the federal, state or local taxes the Company determines it is required to withhold with respect to the Restricted Stock Units. Such payment
shall be made in the form of cash, Shares already owned for at least six months, having the Company withhold from the Shares which would otherwise be delivered to 

  
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the Participant hereunder Shares with a Fair Market Value sufficient to satisfy the minimum withholding required with respect thereto to the extent permitted by the Company, or in a combination
of such methods, as irrevocably elected by the Participant prior to the applicable tax due date with respect to such Restricted Stock Units. The net settlement of the Shares underlying the vested Restricted Stock Units and the delivery of Shares
previously owned are hereby specifically authorized alternatives for the satisfaction of the foregoing withholding obligation. 
 8. Governing Law.
This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to the conflicts of law provisions thereof. 

9. Amendments. This Agreement may be amended or modified at any time by an instrument in writing signed by the parties hereto, except as otherwise
provided in Section 12 of this Agreement regarding permitted unilateral action by the Committee or in Section 10(e) of the Plan related to amendments or alterations that do not adversely affect the rights of the Participant in this Award.

 10. Administration. This Agreement shall at all times be interpreted in accordance with the terms and conditions of the Plan as if set forth
herein. The Committee shall have sole and complete discretion under this Agreement with respect to all matters reserved to it by the Plan and decisions of the Committee with respect thereto and this Agreement shall be final and binding upon the
Participant and the Company. In the event of any conflict between the terms and conditions of this Agreement and the Plan, the provisions of this Agreement shall control. The Committee has the authority and discretion to determine any questions
which arise in connection with the award of the Restricted Share Units hereunder. 
 11. Compliance with Code Section 409A. It is the intention of
the Company and Participant that this Agreement not result in an unfavorable tax consequences to Participant under Code Section 409A. Accordingly, Participant consents to any amendment of this Agreement as the Company may reasonably make in
furtherance of such intention, and the Company shall make available to the Participant a copy of such amendment. Any such amendments shall be made in a manner that preserves to the maximum extent possible the intended benefits to Participant. This
paragraph does not create an obligation on the part of Company to modify this Agreement and does not guarantee that the amounts or benefits owed under the Agreement will not be subject to interest and penalties under Code Section 409A. 

12. Imposition of Other Requirements. The Company reserves the right to impose other requirements on the Restricted Stock Units and on any Shares
acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate the administration of the Award, and to require the Participant to sign any additional agreements or
undertakings that may be necessary to accomplish the foregoing. The Participant agrees, upon demand of the Company or the Committee, to do all acts and execute, deliver and perform all additional documents, instruments and agreements which may be
reasonably required by the Company or the Committee, as the case may be, to implement the provisions and purposes of this Agreement. 
 13. Notices.
Any notice, request, instruction or other document given under this Agreement shall be in writing and may be delivered by such method as may be permitted by the Company, and shall be addressed and delivered, in the case of the Company, to the
Secretary of the Company at the principal office of the Company and, in the case of the Participant, to the Participant’s address as shown in the records of the Company or to such other address as may be designated in writing (or by such other
method approved by the Company) by either party. 
 14. Severability. The invalidity or unenforceability of any provision of this Agreement shall not
affect the validity or enforceability of any other provision of this Agreement, and each other provision of the Agreement shall be severable and enforceable to the extent permitted by law. 

[Signatures on the following page.] 

  
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 IN WITNESS WHEREOF, the Company and the Participant hereby execute this Agreement. 

 

			
	TRANSENTERIX, INC.
		
	By:		  

	Name:		Joseph P. Slattery
	Title:		EVP and CFO
	Date:		February 4, 2015
	
	Accepted:
		
	By:		  

	Participant Name: [Participant]
	Date:



  
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