2012 Long-Term Incentive Plan Award Agreement



 Exhibit 10.20 
 ENOVA INTERNATIONAL, INC. 
 2012 LONG-TERM INCENTIVE PLAN AWARD AGREEMENT

 FOR GRANT OF RESTRICTED STOCK UNITS 
 This 2012 Long-Term Incentive Plan Award Agreement for Grant of Restricted Stock Units (the “Agreement”) is entered into as of the
             day of                     , 2012, by and between Enova
International, Inc. (the “Company”) and                  (“Employee”). 

W I T N E S S E T H: 

WHEREAS, the Company has adopted the Enova International, Inc. 2012 Long-Term Incentive Plan (the “Plan”), which
is administered by the Committee; and 
 WHEREAS, pursuant to Section 4 and Section 9 of the Plan, the
Committee desires that the Company grant to Employee an award (the “Award”) of Restricted Stock Units (“RSUs”) to encourage Employee’s continued loyalty and diligence; and 

WHEREAS, the RSUs represent the unfunded and unsecured promise of the Company to issue to Employee an equivalent number of shares
of the common stock of the Company or its successors (“Common Stock”) at a future date, subject to the terms of this Agreement. 
 NOW, THEREFORE, for and in consideration of the mutual promises herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties agree as follows: 
 1. Award. 
 (a) General. Subject to the restrictions and other conditions set forth herein and in Exhibit “A” to this Agreement, the Company, for and on behalf of the Affiliate that employs
Employee, hereby grants to Employee the following Award: 
 (i) a Base Award of
                     RSUs; and 
 (ii) a maximum Performance Award of                      RSUs (of such amount
                     RSUs shall be considered the target Performance Award (the “Target Performance Award”) as further described on
Exhibit “A”). 
 (b) Grant Date. The Award was granted to Employee on
                    , (the “Grant Date”). 







 2. Vesting. 

(a) Base Award Vesting. The Base Award shall vest in substantially equal 25% increments on each of the following dates as long as
Employee remains continuously employed through the applicable vesting date by the Company or an entity that is an Affiliate on the applicable vesting date: January 31, 2013; January 31, 2014; January 31, 2015, and
January 31, 2016. Any RSUs that are part of the Base Award and have not vested shall remain subject to forfeiture under Section 3 of this Agreement. 
 (b) Performance Award Vesting. Subject to the terms and conditions specified on Exhibit “A,” the portion of the Performance Award payable hereunder, if any, shall vest on
January 1, 2015 (the “Performance Award Vesting Date”), as long as Employee remains continuously employed through such date by the Company or an entity that is an Affiliate on the Performance Award Vesting Date, subject to
receiving Committee Certification (as defined on Exhibit “A”). 
 3. Treatment of Award Upon Termination of
Employment or Failure to Vest. In the event that the closing of the sale of shares of Company Common Stock through an underwritten public offering of such shares does not occur on or before the seventh day after the Grant Date, no portion of
the Award shall vest and the Base Award and the Performance Award shall be forfeited on such date. Upon Employee’s termination of employment with the Company and all of its Affiliates for any reason (including death), any portion of the Award
that has not been forfeited in accordance with the first sentence of this Section 3 and has not yet vested as provided in Section 2 of this Agreement shall be immediately forfeited, and Employee shall forfeit any and all rights in or to
such unvested portion of the Award. 
 4. Payment of Awards. 

(a) Payment of Base Award. (i) As each 25%-portion of the Base Award vests, the Company shall instruct its transfer agent to
issue a stock certificate evidencing the conversion of such vested RSUs into whole vested shares of Common Stock in the name of Employee (or if Employee has died, in the name of Employee’s designated beneficiary or, if no beneficiary has been
designated, Employee’s estate (“Beneficiary”)) within a reasonable time after the vesting date of such 25%-portion of the Base Award, but (ii) in no event will the Common Stock relating to the then-vesting portion of the Base
Award be transferred to Employee later than December 31 of the calendar year in which the vesting date for the then-vesting portion of the Base Award occurs. The Company shall not be required to deliver any fractional shares of Common Stock
under the Award. Any fractional shares shall be rounded up to the next whole share. 
 (b) Payment of Performance Award.
If any portion of the Performance Award vests and receives Committee Certification in accordance with the terms of Exhibit “A,” then, (i) the Company shall instruct its transfer agent to issue a stock certificate evidencing the
conversion of all vested Performance Award RSUs that have received Committee Certification and that have not been forfeited under Section 3 of this Agreement into whole vested shares of Common Stock in the name of Employee (or if Employee has
died, in the name of Employee’s Beneficiary) within a reasonable time after the Committee Certification Date (as defined in Exhibit “A”), but (ii) in no event will the Common Stock relating to the vested portion of the
Performance Award, as certified in accordance with the terms of Exhibit “A,” be transferred to Employee later than March 15, 2016. 
 5. Change in Control. 
 (a) Vesting and Payment. In
the event of a Change in Control (as defined below) while Employee is still employed by the Company or its Affiliates, vesting of the entire Award (both the Base Award and the maximum Performance Award) shall automatically accelerate and become 100%


  
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vested as of the date the Change in Control occurs as long as Employee has remained continuously employed through such date by the Company or by an entity that is an Affiliate on the day
immediately preceding the date of the Change in Control. In such event, the shares of Common Stock evidencing vested RSUs shall be delivered to Employee in a lump sum within 60 days following the date of the Change in Control. A “Change in
Control” shall mean an event that is a change in the ownership of the Company, a change in the effective control of the Company or a change in the ownership of a substantial portion of the assets of the Company, all as defined in Code
Section 409A and guidance issued thereunder. As a general overview, a Change in Control will occur on the date that any of the following events occurs: 
 (i) Any one person, or more than one person acting as a group (as defined in Code Section 409A), acquires ownership of the Company’s stock that, together with all other Company stock held by
such person or group constitutes more than 50 percent of the total fair market value or total voting power of the stock of the Company. However, if any one person, or more than one person acting as a group, is considered to own more than 50 percent
of the total fair market value or total voting power of the stock of the Company, the acquisition of additional stock by the same person or persons is not considered to cause a change in the ownership of the Company or to cause a change in the
effective control of the Company. 
 (ii) The date any one person, or more than one person acting as a group,
acquires (or has acquired, during the 12-month period ending on the date of the most recent acquisition by such person or persons) ownership of stock of the Company possessing 30 percent or more of the total voting power of the stock of the Company.

 (iii) The date that any one person, or more than one person acting as a group acquires (or has acquired
during the 12-month period ending on the date of the most recent acquisition by such person or persons) assets from the Company that have a total gross fair market value equal to or more than 40 percent of the total gross fair market value of all of
the assets of the Company immediately before such acquisition or acquisitions. 
 (iv) The date a majority of
the Company’s Board is replaced during any 12-month period by directors whose appointment or election is not endorsed by a majority of the members of the Company’s Board before the date of the appointment or election. 

Notwithstanding the foregoing, neither a change in ownership nor a change in effective control shall be considered to have occurred as a result of any
acquisition or disposition of the Company’s stock by, or an increase in the percentage of the Company’s stock owned by, Cash America International, Inc. or any entity required to be aggregated with Cash America International, Inc. under
Code Sections 414(b) or 414(c). Notwithstanding the incorporation of certain provisions from the Treasury Regulations under Code Section 409A, the Company intends that all payments under this Agreement be exempt from Section 409A under the
exemption for short-term deferrals in Treasury Regulations Section 1.409A-1(b)(4). For clarification purposes and without limiting the foregoing, the acquisition of the Company’s stock in a public offering shall not result in a Change in
Control unless required by Code Section 409A. 
 (b) Substitution. Notwithstanding anything set forth herein
to the contrary, upon a Change in Control, the Committee, in its sole discretion, may, in lieu of issuing Common Stock, provide Employee with an equivalent amount payable in the form of cash. 

6. Agreement of Employee. Employee acknowledges that certain restrictions under state or federal securities laws may apply
with respect to the shares of Common Stock to be issued pursuant to the Award. Specifically, Employee acknowledges that, to the extent Employee is an “affiliate” of the Company (as that term is defined by the Securities Act of 1933), the
shares of Common Stock to be issued as a result of the Award are subject to certain trading restrictions under applicable securities laws (including particularly the Securities and Exchange Commission’s Rule 144). Employee hereby agrees to
execute such documents and take such actions as the Company may reasonably require with respect to state and federal securities laws and any restrictions on the resale of such shares which may pertain under such laws. 

  
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 7. Withholding. Upon the issuance of shares to Employee pursuant to this
Agreement, Employee shall pay an amount equal to the amount of all applicable federal, state and local employment taxes which the Company is required to withhold at any time. Such payment may be made in cash or, with respect to the issuance of
shares to Employee pursuant to this Agreement, by delivery of whole shares of Common Stock (including shares issuable under this Agreement) in accordance with Section 14(a) of the Plan. 

8. Adjustment of Awards. 
 (a) If there is an increase or decrease in the number of issued and outstanding shares of Common Stock through the payment of a stock dividend or resulting from a stock split, a recapitalization, or a
combination or exchange of shares of Common Stock, then the number of outstanding RSUs hereunder shall be adjusted so that the proportion of such Award to the Company’s total issued and outstanding shares of Common stock remains the same as
existed immediately prior to such event. 
 (b) Except as provided in Section 8(a) of this Agreement, no adjustment in the
number of shares of Common Stock subject to any outstanding portion of the RSUs shall be made upon the issuance by the Company of shares of any class of its capital stock or securities convertible into shares of any class of capital stock, either in
connection with a direct sale or upon the exercise of rights or warrants to subscribe therefor, or upon the conversion of any other obligation of the Company that may be convertible into such shares or other securities. 

(c) Upon the occurrence of events affecting Common Stock other than those specified in Sections 8(a) and 8(b) of this Agreement, the
Committee may make such other adjustments to awards as are permitted under Section 5(c) of the Plan. This section shall not be construed as limiting any other rights the Committee may have under the terms of the Plan. 

9. Plan Provisions. 
 In addition to the terms and conditions set forth herein, the Award is subject to and governed by the terms and conditions set forth in the Plan, as may be amended from time to time, which are hereby
incorporated by reference. Any terms used herein with an initial capital letter shall have the same meaning as provided in the Plan, unless otherwise specified herein. In the event of any conflict between the provisions of the Agreement and the
Plan, the Plan shall control. For avoidance of doubt and without limiting anything herein or in the Plan, Employee hereby acknowledges that the compensation recovery provisions described in Section 14(h) of the Plan may apply to the Award
granted hereunder and this Agreement. 
 10. Miscellaneous. 

(a) Limitation of Rights. The granting of the Award and the execution of the Agreement shall not give Employee any rights
to (1) similar grants in future years, (2) any right to be retained in the employ or service of the Company or any of its Affiliates, or (3) interfere in any way with the right of the Company or its Affiliates to terminate
Employee’s employment or services at any time. 
 (b) Interpretation. Employee accepts this Award subject to
all the terms and provisions of the Plan and this Agreement. The undersigned Employee hereby accepts as binding, conclusive and final all decisions or interpretations of the Committee upon any questions arising under the Plan and this Agreement.


  
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 (c) Stockholder Rights. Neither Employee nor Employee’s Beneficiary shall
have any of the rights of a stockholder with respect to any shares of Common Stock issuable upon vesting of this Award, including, without limitation, a right to cash dividends or a right to vote, until (i) such Award is vested and, if
applicable with respect to the Performance Award, has received Committee Certification, and (ii) such shares have been delivered and issued to Employee or Employee’s Beneficiary pursuant to Section 4 of this Agreement. 

(d) Severability. If any term, provision, covenant or restriction contained in the Agreement is held by a court or a
federal regulatory agency of competent jurisdiction to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions contained in the Agreement shall remain in full force and effect, and shall in no way be
affected, impaired or invalidated. 
 (e) Controlling Law. The Agreement is being made in Illinois and shall be
construed and enforced in accordance with the laws of that state. 
 (f) Construction. The Agreement and the Plan
contain the entire understanding between the parties, and supersedes any prior understanding and agreements between them, representing the subject matter hereof. There are no representations, agreements, arrangements or understandings, oral or
written, between and among the parties hereto relating to the subject matter hereof which are not fully expressed herein. 
 (g)
Headings. Section and other headings contained in the Agreement are for reference purposes only and are in no way intended to describe, interpret, define or limit the scope, extent or intent of the Agreement or any provision hereof.

 (h) Heirs, Successors and Assigns. Each and all of the covenants, terms, provisions and agreements contained
herein shall be binding upon and inure to the benefit of Employee’s heirs, legal representatives, successors and assigns. 

(i) Originals. This Agreement may be executed electronically and/or in duplicate counterparts, the production of either of
which shall be sufficient for all purposes for the proof of the terms of this Agreement. 
 [Signatures on the following page]


  
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 IN WITNESS WHEREOF, the parties hereto have executed the Agreement effective as of
the day and year first set forth above. 
  

			
	 ENOVA INTERNATIONAL, INC.
 (For and on behalf of the Affiliate
 that employs Employee)

200 West Jackson Blvd., Suite 2400
 Chicago,
Illinois 60606

		
	By:	 	 
		 	 Timothy S. Ho
 President and
Chief Executive Officer
 [or in the case of CEO’s Award:
 Daniel R. Feehan
 Executive Chairman of the Board]



  

			
	EMPLOYEE *
	
	 
	[Employee Name]


  

	*	Electronic acceptance of this Award by Employee shall bind Employee by the terms of this Agreement pursuant to Section 10(i) of this Agreement.



  
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 EXHIBIT A 
 TERMS AND CONDITIONS OF PERFORMANCE AWARD 
 [To be determined at time of
grant.]