EX-10.32



 Exhibit 10.32 

Employee Grants (4 Year Vesting) 

SURGICAL CARE AFFILIATES, INC. 

2013 OMNIBUS LONG-TERM INCENTIVE PLAN 

RESTRICTED STOCK UNIT AWARD AGREEMENT 

TIME-VESTING RESTRICTED UNITS 

This Restricted Stock Unit Award Agreement (the “Agreement”), is entered into as of [—] (the “Grant Date”), by and between Surgical Care Affiliates, Inc., a Delaware corporation (the “Company”), and [—], an employee of the Company or one or more of its Subsidiaries (the “Participant”). 

Pursuant to the Surgical Care Affiliates, Inc. 2013 Omnibus Long-Term Incentive Plan, as amended (the “Plan”), the Board of
Directors of the Company (or its Compensation Committee or a designee thereof) has determined that the Participant shall be granted an Incentive Award in the form of restricted stock units (“RSUs”) upon the terms and subject to the
conditions hereinafter contained. Capitalized terms used but not defined herein shall have the meanings assigned to them in the Plan. 

1. Number of Units and Settlement. The Participant is hereby granted
[—] RSUs, subject to the restrictions set forth herein. Each RSU granted hereunder represents the right to receive one share of the Company’s Common Stock on the
Settlement Date (as defined herein), upon the terms and subject to the conditions (including the vesting conditions) set forth in this Agreement and the Plan. The Settlement Date shall occur on each date set forth under Section 4 that the
restrictions on transfer set forth in Section 2(a) shall lapse.  
 2. Terms of Restricted Stock Units. The grant
of RSUs provided in Section 1 hereof shall be subject to the following terms, conditions and restrictions:  

(a) The RSUs, and any interest therein, may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any
manner other than by will or the laws of descent and distribution, prior to the lapse of restrictions set forth in the Plan and this Agreement applicable thereto. 

(b) Notwithstanding any other provision of this Agreement, in no event shall any outstanding restrictions lapse prior to the
satisfaction by the Participant of the liabilities described in Section 7 hereof. 
 (c) The Committee may, in its
discretion, cancel all or any part of any outstanding restrictions prior to the expiration of the periods provided in Section 4 hereof. 

3. Rights as a Stockholder. Since the RSUs granted hereunder shall be settled in shares of the Company’s Common Stock, the
Participant shall possess all incidents of ownership as to such shares that are transferred to the Participant in respect of the settlement of the RSUs, including the right to receive or reinvest dividends with respect to such shares (to the extent
declared by the Company) and the right to vote such shares. Such incidents of ownership shall commence on each such respective Settlement Date, and only with respect to such shares that are transferred to the Participant on such Settlement Date. 









 Employee Grants (4 Year Vesting) 

 

 4. Lapse of Restrictions. Except as may otherwise be provided herein, the
restrictions on transfer set forth in Section 2(a) shall lapse:  
  

	 	(a)	with respect to twenty-five percent (25%) of the RSUs, on the first anniversary of the Grant Date; 

  

	 	(b)	with respect to twenty-five percent (25%) of the RSUs, on the second anniversary of the Grant Date; 

  

	 	(c)	with respect to twenty-five percent (25%) of the RSUs, on the third anniversary of the Grant Date; and 

  

	 	(d)	with respect to twenty-five percent (25%) of the RSUs, on the fourth anniversary of the Grant Date. 


Upon each lapse of restrictions relating to the RSUs, and provided that the Participant shall have complied with the Participant’s
obligations under Section 7 hereof, the Company shall issue to the Participant or the Participant’s personal representative one share of Common Stock on the Company’s books and records, in exchange for each RSU with respect to which
such restrictions have lapsed. 
 5. Effect of Certain Changes. In the event the Participant’s Employment is terminated
without Cause within the two (2) year period following the consummation of a Change in Control, all restrictions then outstanding with respect to the RSUs shall automatically expire and be of no further force and effect, and full payment in
respect of the RSUs granted hereunder shall be made as soon as practicable thereafter, and in any event not more than 30 days following such termination of Employment, but only if permissible under Section 409A of the Internal Revenue Code; if
such settlement is not permissible under Section 409A, then settlement shall occur in accordance with the other terms of this Agreement. For purposes hereof, “Cause” shall mean, unless otherwise provided in an employment
agreement in effect immediately prior to such termination, (i) a failure of the Participant to reasonably and substantially perform his or her duties to the Company or any of its Subsidiaries (other than as a result of physical or mental
illness or injury); (ii) the Participant’s willful misconduct or gross negligence; (iii) a breach by the Participant of the Participant’s fiduciary duty or duty of loyalty to the Company or its Affiliates; (iv) the
commission by the Participant of any felony or other serious crime; or (v) a breach by the Participant of the terms of any agreement with the Company or any Subsidiary or any Company policies. 

6. Termination of Employment. In the event that the Participant ceases to be Employed by the Company or any of its Subsidiaries
for any reason, all RSUs with respect to which the restrictions set forth in Section 4 hereof shall not yet have lapsed (taking into account Sections 2 and 5) shall thereupon be automatically forfeited by the Participant.  

7. Taxes. 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 RSUs, an amount     








 Employee Grants (4 Year Vesting) 

 

 
equal to the taxes the Company determines it is required to withhold under applicable tax laws with respect to the settlement of the RSUs. Such payment shall be made in the form of cash, shares
of Common Stock already owned or otherwise issuable upon the lapse of restrictions, or in a combination of such methods, subject to the terms of the Plan. 

8. No Guarantee of Employment. Nothing set forth herein or in the Plan shall (i) confer upon the Participant any right of
continued Employment for any period by the Company or any of its Subsidiaries, (ii) entitle the Participant to remuneration or benefits not set forth in the Plan, or (iii) interfere with or limit in any way the right of the Company or any
Subsidiary to terminate such Participant’s Employment.  
 9. Notices. Any notice required or permitted under this
Agreement shall be in writing and deemed given when (i) delivered personally, (ii) mailed by United States certified or registered mail, return receipt requested, postage prepaid, or (iii) delivered by overnight courier service. Such
notices shall be sent to the Participant at the last address specified in the Company’s records (or such other address as the Participant may designate in writing to the Company), or to the Company at the following address (or such other
address as the Company may designate in writing to the Participant):  
 Surgical Care Affiliates, Inc. 

3000 Riverchase Galleria, Suite 500 

Birmingham, AL 35244 
 Attn:
General Counsel 
 10. Failure To Enforce Not a Waiver. The failure of the Company to enforce at any time any provision of
this Agreement shall in no way be construed to be a waiver of such provision or of any other provision hereof.  
 11.
Governing Law. This Agreement shall be governed by and construed according to the laws of the State of Delaware, without regard to its conflict of law principles.  

12. Incorporation of Plan. A copy of the Plan is attached hereto and incorporated herein by reference and made a part of this
Agreement. This Agreement and the RSUs shall be subject to the terms of the Plan, as it may be amended from time to time, provided that such amendment of the Plan is made in accordance with Section 16 of the Plan.  

13. Clawback Policies. Notwithstanding anything in the Plan to the contrary, the Company will be entitled, to the extent
permitted or required by applicable law, Company policy and/or the requirements of an exchange on which the Company’s shares are listed for trading, in each case, as in effect from time to time, to recoup compensation of whatever kind paid by
the Company or any of its affiliates at any time to a Participant under the Plan and the Participant, by accepting this award of RSUs pursuant to the Plan and this Agreement, agrees to comply with any Company request or demand for such
recoupment.  
 14. Counterparts. This Agreement may be executed in two or more counterparts, each of which
shall be an original but all of which together shall represent one and the same agreement.  








 Employee Grants (4 Year Vesting) 

 


							
	SURGICAL CARE AFFILIATES, INC.	 		 	PARTICIPANT:
				
	By:	 	  
	 		 	  

		 	Name:	 		 	[Name]
		 	Title:	 		 	
		 		 		 	  

		 		 		 	Date