EXHIBIT 10.21

    

     

    

    Emergent BioSolutions Inc.

    

    

    Form of Restricted Stock Unit Award Agreement – Irish Participant

    

    

    1. Grant of RSUs.  In consideration of services rendered to the
        Company by the Participant, the Company has granted to the Participant, subject to the terms and conditions set forth herein and in the Company’s Stock Incentive Plan (the “Plan”), an award of Restricted Stock Units (the “RSUs”), representing the number of RSUs
        set forth under your account in the Company’s third-party electronic stock administrative platform.  The RSUs entitle the Participant to receive, upon and subject to the vesting of the RSUs (as described in Section 2 below), one share of common stock, $0.001 par value per share, of the Company (the “Common Stock”) for each RSU that vests.  The shares of Common Stock that are issuable upon vesting of the RSUs are referred to herein as the “Shares.”

    The grant of RSUs under the Plan is made at the discretion of the Company and the Plan may be suspended or
        terminated by the Company at any time.

    

    

    2. Vesting of RSUs and Issuance of Shares.

    (a) General.  Subject to the
        other provisions of this Section 2, the RSUs shall vest one-third per year over three years on the day immediately prior to the applicable anniversary of the grant date, in accordance with the future vesting schedule (the “Vesting Schedule”) set forth under your account in the Company’s third-party electronic stock administrative platform.  Subject to Section 4, as soon as
        administratively practicable after each vesting date shown in the Vesting Schedule (each a “Vesting Date”), the Company will issue to the
        Participant, in certificated or uncertificated form, such number of Shares as is equal to the number of RSUs that vested on such Vesting Date.  In no event shall the Shares be issued to the Participant later than 75 days after the Vesting Date.

    (b) Service Termination.
         Except as set forth in Section 2(c) below, upon the cessation of the Participant’s service with the Company as an employee, consultant or director of the Company for any reason, all unvested RSUs shall be automatically forfeited as of such
        cessation of service, subject to applicable law. For purposes of this RSU award, service with the Company shall include service as an employee or director of, or consultant to, the Company or to a parent or
        subsidiary of the Company, or any successor to the Company.

    (c) Change in Control Event. 
        Upon a Change in Control Event (as defined in the Plan), the RSUs shall be treated in the manner provided in Section 9(b)(iii)(B) of the Plan.

    3. Dividends. 
        At the time of the issuance of Shares to the Participant pursuant to Section 2, the Company shall also pay to the Participant an amount of cash equal to the aggregate amount of all dividends paid by the Company, between the grant date and the
        issuance of such Shares, with respect to the number of Shares so issued to the Participant.

    4. Withholding Taxes.   The Participant must satisfy all income
        and employment tax and social security withholding obligations associated with the grant, vesting and settlement of the RSUs before the Company will issue any Shares hereunder following a Vesting Date.  The withholding obligation may be satisfied
        by any method permitted under the Plan.

    5. Restrictions on Transfer.  Neither the RSUs, nor any interest
        therein (including the right to receive dividend payments in accordance with Section 3), may be transferred by the Participant except to the extent specifically permitted in Section 10(a) of the Plan.

    6. Provisions of the Plan.  This RSU award is subject to the
        provisions of the Plan. The Participant acknowledges receipt of the Plan, along with the Prospectus relating to the Plan.

    7. Data Protection.

    (a) The Participant expressly acknowledges that the Company’s processing of his personal data is necessary:

    (1) for the performance of this Irish RSU Award Agreement;

    (2) for the legitimate interests of the Company (which includes all the interests noted in Section 7(b) (1)-(6) below); and/or

    (3) to comply with the Company’s legal obligations in Ireland and/or other EU member states in connection with: (a) the Participant’s
        employment; (b) any litigation, internal or regulatory investigation; or (c) as otherwise permitted by the Data Protection Act 1998 or by Regulation EU 2016/679 (the “GDPR”).

    (b) The Participant further acknowledges that the Company’s processing of his sensitive, or special categories of, personal data (which
        may include information relating to health, personal characteristics, criminal offences, allegations of criminal conduct and trade union membership) is necessary:

    (1) to carry out its or their obligations to the Participant in the fields of employment, social security, and/or social protection;

    (2) for the purposes of preventative or occupational medicine, or the assessment of working capacity;

    (3) for statistical purposes and equal opportunities monitoring;

    (4) to administer its pensions and benefits schemes;

    (5) in connection with the establishment, exercise or defense of legal claims; and/or

    (6) for reasons of substantial public interest, as further described in the Company’s data protection policy.

    (c) The processing may include disclosure of personal data and sensitive or special categories of personal
        data to third parties including benefit providers, prospective purchasers or service providers and governmental authorities.

    (d) A separate privacy notice has been provided in accordance with article 13 of the GDPR.

    8. (e) The Participant expressly acknowledges that the Company may transfer such data outside the European Economic Area (including, in particular, to offices in the United States) for such purposes and
        acknowledge that such countries may not have laws which adequately safeguard such data.

    9. Section 409A.  This RSU award is intended to comply with or
        be exempt from Section 409A of the Internal Revenue Code of 1986, as amended, and the guidance issued thereunder (“Section 409A”) and shall be interpreted and construed consistently therewith.  In no event shall either the Participant or the
        Company have the right to accelerate or defer delivery of the Shares to a date or event other than as set forth herein except to the extent specifically permitted or required by Section 409A.  In the event that the Participant is a “specified
        employee” within the meaning of Section 409A and the Shares are to be delivered in connection with the termination of the Participant’s employment, the delivery of the Shares and any dividends payable under Section 3 in connection with such
        delivery shall be delayed until the date that is six months and one day following the date of the Participant’s termination of employment if required to avoid the imposition of additional taxes under Section 409A.  Solely for purposes of
        determining when the Shares (and any dividends payable under Section 3) may be delivered in connection with the Participant’s termination of employment, such termination of employment must constitute a “separation from service” within the meaning
        of Section 409A.

    10. Miscellaneous.

    (a) No Rights to Service or Compensation
            for Loss.  The Participant acknowledges and agrees that the grant of the RSUs and their vesting pursuant to Section 2 do not constitute an express or implied promise of continued employment or service with the Company for the vesting
        period, or for any period. Under no circumstances on ceasing to be in employment or service of the Company or a subsidiary, will the Participant be entitled to any compensation for any loss of any right or benefit or prospective right or benefit
        under the Plan which the Participant might otherwise have enjoyed whether such compensation is claimed by way of damages for wrongful dismissal or other breach of contract or by way of compensation for loss of office or otherwise howsoever.

    (b) Entire Agreement.  These
        terms and the Plan constitute the entire agreement between the parties, and supersede all prior agreements and understandings, relating to the subject matter of this RSU award; provided that any separate employment, consulting, or severance plan or
        agreement between the Company and the Participant that includes terms relating to the acceleration of vesting of equity awards shall not be superseded by these terms.

    (c) Governing Law.  This RSU
        award shall be construed, interpreted and enforced in accordance with the internal laws of the State of Delaware without regard to any applicable conflict of law principles.

    (d) Interpretation.  The
        interpretation and construction of any terms or conditions of the Plan or this RSU award by the Compensation Committee shall be final and conclusive.