Document:

Document

Exhibit 10.20

July 8, 2020

Via Email

Kuan Archer

Re:    Terms of Separation of Employment

Dear Kuan:

This letter confirms the agreement (“Agreement”) between you and Green Dot
Corporation (the “Company,” and together with you, the “Parties”) concerning the terms of your separation from employment. By signing this Agreement, you will receive certain benefits to which you would not otherwise be entitled in exchange for releasing certain claims as provided herein.

If you agree to the terms outlined herein, please sign and return this Agreement in the next 45 days.

1.Separation from Employment: Your last day of employment with the Company will be July 8, 2020 (the “Separation Date”). On the Separation Date, the Company will pay you for all final wages, salary, bonuses, commissions, reimbursable expenses, accrued vacation and any similar payments due you from the Company as of the Separation Date. By signing below, you acknowledge that the Company does not owe you any past due amounts, and that you are not owed anything further from the Company except as stated in this Agreement.

2.Release Consideration: In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below, and in exchange for your other promises herein, no more than ten (10) business days following the Effective Date (as defined below) of this Agreement, the Company agrees to provide you with the Severance Pay and COBRA Benefit identified on Exhibit A hereto.

By signing below, you acknowledge that you are receiving the Severance Pay and COBRA Benefit in exchange for signing this Agreement, and that you would not otherwise be entitled to such amounts.

3.Return of Company Property: You hereby acknowledge and agree that, as a condition of your receipt of the Severance Pay and COBRA Benefit shown on Exhibit A, you will return to the Company all property or data of the Company of any type whatsoever that is in your possession or control. To the extent you have left personal items on Company’s premises, the Company will arrange for the return of such items upon the resumption of normal business operations.

4.Proprietary Information: You hereby acknowledge that as a result of your
employment with the Company you have had access to the Company’s Proprietary Information (as defined in the Employee Inventions and Confidentiality Agreement), that you will hold all Proprietary Information in strictest confidence, and that you will not make use of such

Proprietary Information on behalf of anyone. In addition, you acknowledge that you will remain bound by the surviving provisions of the Employee Inventions and Confidentiality Agreement between you and the Company. You further confirm that you will deliver to the Company, no later than the Effective Date, all documents and data of any nature containing or pertaining to such Proprietary Information and that you will not keep any such documents or data or any reproduction thereof.

5.General Release and Waiver of Claims:

a.To the fullest extent permitted by law, you hereby release and waive any claims you may have against the Company and its current, former and future owners, agents, officers, shareholders, employees, directors, board members, attorneys, subscribers, subsidiaries, affiliates, successors and assigns (collectively “Releasees”), whether known or not known, including, without limitation, any employment-related claims. By way of example, but not limitation, the released claims include: claims of unlawful discharge, breach of contract, breach of the covenant of good faith and fair dealing, fraud, promissory estoppel, detrimental reliance, misrepresentation, violation of public policy, defamation, physical injury (except for
injuries compensable under workers’ compensation laws),or emotional distress; claims for additional compensation or benefits arising out of your employment, your separation of employment or your offer letter with the Company; claims under the Sarbanes-Oxley Act of 2002, the Dodd-Frank Wall Street Reform and Consumer Protection Act; claims under California Labor Code § 1102.5 and any other laws and/or regulations relating to whistleblowing or retaliation; claims under California Labor Code § 970; and claims under Title VII of the 1964 Civil Rights Act, as amended, the California Fair Employment and Housing Act, and any other laws and/or regulations relating to employment or employment discrimination, harassment or retaliation, including, without limitation, claims based on disability under the Americans with Disabilities Act or comparable laws, claims based on age or under the Age Discrimination in Employment Act, Older Workers Benefit Protection Act or other laws, and claims based on race, gender, sexual orientation, or any other protected status. Further, you acknowledge and agree that the payments and promises set forth in this Agreement are in full satisfaction of all disputed claims with respect to accrued salary, vacation pay, bonus and commission pay, profit-sharing, stock, stock options or other ownership interest in the Company, termination benefits or other compensation to which you may be entitled by virtue of your employment with the Company or your separation from the Company. Also released are claims under the federal Worker Adjustment and Retraining Notification Act and any similar state or local laws (the application of which the Company does not concede); you acknowledge that the Severance Pay and COBRA Benefit shown on Exhibit A exceed the pay and benefits that would have been provided to you over the next sixty days of your employment.

b.By signing below, you expressly waive any benefits of Section 1542 of the Civil Code of the State of California, which provides as follows:

“A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS THAT THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, AND 
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THAT IF KNOWN BY HIM OR HER WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR OR RELEASED PARTY.”

c.You and the Company do not intend to release claims that you may not release as a matter of law, or any claims for enforcement of this Agreement. Further, this Agreement does not release claims or rights that arise based on future acts after the date on which this Agreement is signed. To the fullest extent permitted by law, any dispute regarding the scope of this general release shall be determined by an arbitrator under the procedures set forth in the arbitration clause below.

6.Covenant Not to Sue:

a.To the fullest extent permitted by law, at no time subsequent to the execution of this Agreement will you pursue, or cause or knowingly permit the prosecution, in any state, federal or foreign court, or before any local, state, federal or foreign administrative agency, or any other tribunal, of any charge, claim or action of any kind, nature or character whatsoever, known or unknown, which you may now have, have ever had, or may in the future have against Releasees, which is based in whole or in part on any matter released by this Agreement.

b.Nothing in this section shall prohibit or impair you or the Company from complying with all applicable laws, nor shall this Agreement be construed to obligate either party to commit (or aid or abet in the commission of) any unlawful act.

c.Nothing in this section shall prohibit you from challenging, without penalty, the validity of your waiver of rights under the Age Discrimination in Employment Act.

7.Nondisparagement: You agree that you will not make any negative or disparaging statements or comments, either as fact or as opinion, about the Company, its employees, officers, directors, shareholders, vendors, products or services, business, technologies, market position or performance. The Company will not make, and agrees to use its best efforts to cause the officers, directors, employees and spokespersons of the Company to refrain from making, any negative or disparaging statements or comments, either as fact or as opinion, about you (or authorizing any statements or comments to be reported as being attributed to the Company). Nothing in this paragraph will prohibit you or the Company from providing truthful information in response to a subpoena or other legal process.

8.Protected Rights: You understand that nothing in Sections 5, 6 and 7 above, or otherwise in this Agreement, limits your ability to file a charge or complaint with the Equal Employment Opportunity Commission, the National Labor Relations Board, the Occupational Safety and Health Administration, the Securities and Exchange Commission or any other federal, state or local government agency or commission (“Government Agencies”); however, you may not personally seek reinstatement, damages, remedies or other individual relief in connection with any claim you have released, or any right you have waived. You further understand that this 
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Agreement does not limit your ability to communicate with any Government Agencies or otherwise participate in any investigation or proceeding that may be conducted by any Government Agency, including providing documents or other information, without notice to the Company. This Agreement does not limit your right to receive an award for information provided to any Government Agencies.

9.Cooperation: You agree to cooperate fully with the Company concerning any investigative or litigation matters, government investigations or government proceedings that may arise and about which you may have relevant information.

10.Section 409A Savings Clause: Notwithstanding anything to the contrary, this Agreement shall be interpreted and administered in a manner so that any amount or benefit payable hereunder shall be paid or provided in a manner that is either exempt from or compliant with the requirements of Section 409A of the U.S. Internal Revenue Code of 1986, as amended (the “Code”) and applicable regulations thereunder. To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision will be read in such a manner so that all payments hereunder comply with Section 409A of the Code.

11.Arbitration: Except for any claim which is required by law to be brought before an administrative agency, and any claim for injunctive relief arising out of a breach of a party’s obligations to protect the other’s proprietary information, the Parties agree to arbitrate, through JAMS pursuant to its Employment Arbitration Rules & Procedures (www.jamsadr.com/rules- employment-arbitration/), any and all disputes or claims arising out of or related to your employment or the separation thereof, or the validity, enforceability, interpretation, performance or breach of this Agreement, whether sounding in tort, contract, statutory violation or otherwise. Such arbitration shall be conducted in the State and County in which your employment with the Company was based. Any arbitration shall be initiated by a written demand submitted to JAMS in accordance with its rules for commencing an arbitration. The arbitrator's decision shall be final, binding, and conclusive. The parties further agree that this Agreement is intended to be strictly construed to provide for arbitration as the sole and exclusive means for resolution of all disputes hereunder to the fullest extent permitted by law. The parties expressly waive any entitlement to have such controversies decided by a court.

12.Attorneys’ Fees: With the exception of any claim concerning the validity of your waiver of rights under the Age Discrimination in Employment Act, if any action is brought to enforce the terms of this Agreement, the prevailing party will be entitled to recover its reasonable attorneys’ fees, costs and expenses from the other party, in addition to any other relief to which the prevailing party may be entitled.

13.Confidentiality: The contents, terms and conditions of this Agreement must be kept confidential by you and may not be disclosed except to your immediate family, accountant or attorneys or pursuant to subpoena or court order. You agree that if you are asked for information concerning this Agreement, you will state only that you and the Company reached an amicable resolution of any disputes concerning your separation from the Company. Any breach of this confidentiality provision shall be deemed a material breach of this Agreement, but disclosures required by law (including in legal proceedings), disclosures made to government agencies, 
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disclosures to your spouse, and disclosures to your attorney or tax advisor will not be deemed to violate this Agreement.

14.No Admission of Liability: This Agreement is not and shall not be construed or contended by you to be an admission or evidence of any wrongdoing or liability on the part of Releasees, their representatives, heirs, executors, attorneys, agents, partners, officers, shareholders, directors, employees, subsidiaries, affiliates, divisions, successors or assigns. This Agreement shall be afforded the maximum protection allowable under Rule 408 of the Federal Rules of Evidence and any comparable state rule.

15.Complete and Voluntary Agreement: This Agreement constitutes the entire agreement between you and Releasees with respect to the subject matter hereof and supersedes all prior negotiations and agreements, whether written or oral, relating to such subject matter; provided, however, nothing herein releases your surviving obligations under the Employee Inventions and Confidentiality Agreement. You acknowledge that none of the Releasees or any of their agents or attorneys have made any promise, representation or warranty whatsoever, either express or implied, written or oral, which is not contained in this Agreement for the purpose of inducing you to execute the Agreement, and you acknowledge that you have executed this Agreement in reliance only upon such promises, representations and warranties as are contained herein, and that you are executing this Agreement voluntarily, free of any duress or coercion. You also represent and warrant that you have not assigned or transferred any claim or right released by this Agreement.

16.Severability: The provisions of this Agreement are severable, and if any part of it is found to be invalid or unenforceable, the other parts shall remain fully valid and enforceable. Specifically, should a court, arbitrator, or government agency conclude that a particular claim may not be released as a matter of law, it is the intention of the parties that the general release, the waiver of unknown claims and the covenant not to sue above shall otherwise remain effective to release any and all other claims.

17.Modification; Counterparts; Facsimile/PDF Signatures: It is expressly agreed that this Agreement may not be altered, amended, modified, or otherwise changed in any respect except by another written agreement that specifically refers to this Agreement, executed by authorized representatives of each of the parties to this Agreement. This Agreement may be executed in any number of counterparts, all of which together shall constitute one and the same instrument. This Agreement may be executed via electronic signature, which shall be deemed an original signature for all purposes. Any copy of an original signature (whether written or electronic) shall be equally admissible in any legal proceeding as if an original.

18.Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the State of California.

19.Review of Separation Agreement; Expiration of Offer: You may take up to 45 days to consider this Agreement before signing it, and you are hereby advised to consult with an attorney prior to signing this Agreement. This offer will automatically expire if not accepted by you within the 45-day review period. You may revoke this Agreement within seven days after 
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signing it. For revocation to be valid, a written notice of revocation must be received by Jason Bibelheimer on or before the seventh day following your execution of this Agreement. The consideration to be provided to you pursuant to Section 2 will be provided only after the revocation period has expired, without this Agreement having been revoked by you. By signing this Agreement, you acknowledge receipt of Exhibit B hereto, which is a list of the job titles and ages of all Company employees who are eligible and ineligible for severance benefits in connection with the reduction in force, along with the criteria used for determining such eligibility.

20.Effective Date: This Agreement is effective on the eighth (8th) day after you sign it provided you have not revoked the Agreement as of that time, and that you have returned a signed copy of this Agreement to the Company (the “Effective Date”).

*****

To accept the terms of this Agreement, please sign this letter below return it to me within the timeframe noted above.  I wish you the best in your future endeavors.

									
			Sincerely,

			
			GREEN DOT CORPORATION

			
			
		By:	/s/ Jason Bibelheimer
			Jason Bibelheimer, CHRO

			
	READ, UNDERSTOOD AND AGREED:
		
			
			
	/s/ Kuan Archer	Date:	7/8/2020
	Kuan Archer
		

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EXHIBIT A

Schedule of Consideration for Release

By signing and not revoking the foregoing Agreement, you are eligible for the following payments and benefits:

						
	Severance Pay
	$237,500.00, which is equivalent to 26 weeks of your current base pay.

	COBRA Benefit
	$15,389.34 which represents the equivalent of 7 months’ payment
for health care continuation costs under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”).

	TOTAL	$252,889.34

Severance Pay: The Severance Pay shall be issued within ten (10) business days following the Effective Date.

COBRA Benefit: The COBRA benefit shall be paid as a lump sum within ten (10) business days following the Effective Date. You understand that you remain responsible for working with Green Dot’s outside benefits administrator to elect COBRA benefits, and must timely do so in order to be eligible for benefits continuation under COBRA. A COBRA election form and enrollment package will be mailed to your home address approximately two weeks after the end of the month in which your Separation Date occurs. Enrollment is not automatic. You understand that you must apply for COBRA benefits within sixty (60) days after the Separation Date or the date of your notification letter, whichever is later, or you will forfeit your right to COBRA coverage.

All payments reflected above are gross, and shall be subject to deductions required by law.Document

Exhibit 10.8

2020 DIRECTOR TIME-BASED RESTRICTED STOCK UNIT AGREEMENT
						
	Company:	Simpson Manufacturing Co., Inc.
		
	Recipient:	The recipient’s name (the “Recipient”) is set forth on the Recipient’s online award acceptance page on Morgan Stanley Smith Barney’s StockPlan Connect website (the “Acceptance Page”) at https://www.stockplanconnect.com, which is incorporated by reference to this Agreement.

		
	The Number of Shares of Common Stock Subject to RSUs Granted Hereunder
(the “RSU Shares”):
	The aggregate number of shares of Common Stock as stated on the Acceptance Page.
		
	The Effective Date of the Award (the “Award Date”):
	A date in 2020 as determined by the Committee in its absolute discretion and as set forth on the Acceptance Page.
		
	Vesting Schedule
(the “Vesting Schedule”):
	100% of the RSU Shares will vest on the Award Date.
		

This TIME-BASED RESTRICTED STOCK UNIT AGREEMENT (this “Agreement”) is made as of the Award Date stated on the Acceptance Page by and between Simpson Manufacturing Co., Inc., a Delaware corporation (the “Company”), and the Recipient named on the Acceptance Page, with reference to the following facts:
Capitalized terms used and not otherwise defined in this Agreement have the meanings ascribed to such terms in the amended and restated Simpson Manufacturing Co., Inc. 2011 Incentive Plan effective on April 21, 2015 (as amended from time to time, the “Plan”).  The Board has delegated to the Committee all authority to administer the Plan.  The Committee has determined to grant to the Recipient, under the Plan, time-based Restricted Stock Units (the “RSUs”) with respect to the RSU Shares stated on the Acceptance Page.
To evidence the RSUs and to set forth the terms and conditions thereof, the Company and the Recipient agree as follows:
1.Confirmation of Grant.
(a)The Company grants the RSUs to the Recipient and the Recipient agrees to accept the RSUs and participate in the Plan, effective as of the Award Date.  As a condition of the grant, this Agreement and the RSUs shall be governed by the terms and conditions of the Plan and shall be subject to all applicable policies and guidelines of the Company, including the Company’s compensation recovery policy, stock ownership, and hedging, pledging and trading policies.
(b)The RSUs shall be reflected in a bookkeeping account maintained by the Company through the date on which the RSUs become fully vested pursuant to section 2 or are forfeited pursuant to section 3.  If and when the RSUs become fully vested pursuant to section 2, and on the satisfaction of all other conditions 

Exhibit 10.8

applicable to the RSUs, the RSUs not forfeited pursuant to section 3 shall be settled in the number of shares of Common Stock as provided in section 1(d) and otherwise in accordance with the Plan.
(c)The Company’s obligations under this Agreement shall be unfunded and unsecured.  No special or separate fund shall be established therefor and no other segregation of assets shall be required or made with respect thereto.  The rights of the Recipient under this Agreement shall be no greater than those of a general unsecured creditor of the Company.
(d)Except as otherwise provided in this Agreement and the Plan, the RSUs shall be settled by the issuance and delivery of the RSU Shares, or as provided in this Section 1(d), by cash or a combination thereof (as determined by the Committee in its sole discretion), within sixty days after the RSUs have vested pursuant to section 2 subject to satisfaction of any other terms and conditions applicable to the RSUs; provided, however, that, the number of the RSU Shares issued or delivered (or for which a cash payment is made) to the Recipient in any calendar year, together with the number of shares of Common Stock issued or delivered (or for which a cash payment is made) to the Recipient in the same calendar year under any other RSU Awards, shall not exceed the annual maximum aggregate number of shares of Common Stock issuable or deliverable under RSU Awards as set forth in the Plan that is effective at the time of the issuance or delivery of (or making a cash payment for) the RSUs.  In settling the RSUs pursuant to the foregoing, the Company (or its acquirer or successor) shall have the option (as determined by the Committee in its sole discretion) to make or provide for a cash payment to the Recipient, in exchange for the cancellation of the vested RSUs (or any portion thereof), in an amount equal to the product of (A) the number of the RSU Shares under the cancelled RSUs and (B) the average closing price of a share of Common Stock over the period ending on the date the RSUs (or the portion thereof) become vested and starting sixty days prior to that date.  Anything herein to the contrary notwithstanding, this Agreement does not create an obligation on the part of the Company to adopt any policy or procedure, agree to any amendment hereto, make any arrangement, or take any other action, to comply with Code section 409A.  The Recipient agrees and acknowledges that the Company makes no representations that this Agreement, including the grant, vesting and/or delivery of the RSU Shares (and/or cash), does not violate Code section 409A, and the Company shall have no liability whatsoever to the Recipient if he or she is subject to any taxes or penalties under Code section 409A.
2.Vesting.  Subject to the terms and conditions of this Agreement and the Plan and unless otherwise forfeited pursuant to section 3, the RSUs shall vest (that is, the Restricted Period with respect thereto shall terminate) pursuant to the Vesting Schedule.  The Recipient explicitly acknowledges and agrees that the granting or vesting of the RSUs as well as the Recipient’s holding of the RSU Shares shall be subject to all applicable policies and guidelines of the Company, including the Company’s compensation recovery, stock ownership, and hedging, pledging and trading policies.

3.Forfeiture.  Anything herein to the contrary notwithstanding, (a) all RSUs that are not vested in accordance with section 2 shall terminate immediately and be forfeited in their entirety if, and at such time as, the Recipient ceases to be an Outside Director,1 and (b) all RSUs, to the extent not theretofore settled in accordance with section 1(d), shall terminate immediately and be forfeited in their entirety when and as provided in section 13(I) of the Plan.

4.Tax Withholding.  Pursuant to section 10 of the Plan, the Company may require the Recipient to enter into an arrangement providing for the payment in cash, Common Stock or otherwise by the Recipient to the Company of any tax withholding obligation of the Company arising by reason of (a) the granting or vesting of the RSUs, (b) the lapse of any substantial risk of forfeiture to which the RSUs or the RSU Shares are subject, or (c) the disposition of the RSUs or the RSU Shares, to the extent such arrangement does not cause a loss of the Section 16(b) exemption pursuant to Rule 16b-3 promulgated under the Securities Exchange Act of 1934, as amended.

1 For example, pursuant to section 3, before the Award Date, (I) if the Recipient’s engagement with the Company as an Outside Director is terminated by the Company or by the Recipient for any reason or for no reason, or (II) if the Recipient retires, dies or becomes Disabled, the RSUs shall be forfeited in their entirety and no distribution or payment of any amount under such RSUs shall ever be made to the Recipient.  

Exhibit 10.8

5.Representations and Warranties of the Company.  The Company represents and warrants to the Recipient that the RSU Shares, when issued and delivered on the vesting of the RSUs in accordance with this Agreement, will be duly authorized, validly issued, fully paid and non-assessable.

6.Recipient Representations.  The Recipient represents and warrants to the Company that the Recipient has received and read this Agreement and the Plan, that the Recipient has consulted with the Recipient’s own legal, financial and other advisers regarding this Agreement and the Plan to the extent that the Recipient considered necessary or appropriate, that the Recipient fully understands and accepts all of the terms and conditions of this Agreement and the Plan, and that the Recipient is relying solely on the Recipient’s own advisers with respect to the tax consequences of this Agreement and the RSUs.

7.Change in Control.  On a Change in Control, the RSUs shall be subject to the applicable provisions of section 9 of the Plan, as the Committee may determine.
8.Adjustments to Reflect Capital Changes.  Subject to and except as otherwise provided in section 9 of the Plan, the number and kind of shares subject to the RSUs shall be appropriately adjusted, as the Committee may determine pursuant to section 11 of the Plan, to reflect any stock split, stock dividend, recapitalization, merger, consolidation, reorganization, combination, exchange of shares, split-up, split-off, spin-off, liquidation or other similar change in capitalization, or any distribution to common stockholders other than normal cash dividends.
9.No Rights as Stockholder.  Neither the granting or vesting of the RSUs nor the issuance or delivery of the RSU Shares shall entitle the Recipient, as such, or any of the Recipient’s Beneficiaries or Personal Representative, to any rights of a stockholder of the Company, unless and until the RSU Shares are registered on the Company’s records in the name or names of the Recipient or the Recipient’s Beneficiaries or Personal Representative, as the case may be, and then only with respect to such RSU Shares so registered.  
10.No Right to Continued Employment.  Nothing in this Agreement shall confer on the Recipient any right to continue in the engagement with, or service to, the Company or any Subsidiary or limit, interfere with or otherwise affect in any way the right of the Company or any Subsidiary to terminate the Recipient’s engagement or service at any time.
11.Regulatory Compliance.  Notwithstanding anything herein to the contrary, the issuance and delivery of the RSU Shares shall in all events be subject to and governed by section 13(C) of the Plan.
12.Notices.  Any notice, consent, demand or other communication to be given under or in connection with this Agreement shall be in writing and shall be deemed duly given and received when delivered personally, when transmitted by facsimile, one business day after being deposited for next-day delivery with a nationally recognized overnight delivery service, or three days after being mailed by first class mail, charges or postage prepaid, properly addressed, if to the Company, at its principal office in California, and, if to the Recipient, at the Recipient’s address on the Company’s records.  Either party may change such party’s address or facsimile number from time to time by notice hereunder to the other.
13.Entire Agreement.  This Agreement and the Plan together contain the entire agreement of the parties and supersede all prior or contemporaneous negotiations, correspondence, understandings and agreements, whether written or oral, between the parties, regarding the RSUs.  The Recipient specifically acknowledges and agrees that all descriptions of the RSUs in any prior letters, memoranda or other documents provided to him or her by the Company or any Subsidiary are hereby replaced and superseded in their entirety by this Agreement and shall be of no further force or effect.  To the extent there is any inconsistency between the descriptions of any such documents and the terms of this Agreement, the terms of this Agreement shall prevail.
14.Amendment.  This Agreement may be amended, modified or supplemented only by a written instrument signed by the Recipient and the Company.

Exhibit 10.8

15.Assignment.  The Recipient shall not sell, assign, transfer, pledge, hypothecate or otherwise encumber or dispose of this Agreement, any of the RSUs or any other rights hereunder, and shall not delegate any duties hereunder, except only as may be permitted pursuant to section 13(B) of the Plan, and any such action or transaction that may otherwise be attempted or purported by the Recipient shall be void and of no effect.
16.Successors.  Subject to section 15, this Agreement shall bind and inure to the benefit of the Company and the Recipient and their respective successors, assigns, heirs, legatees, devisees, executors, administrators and legal representatives.  Nothing in this Agreement, express or implied, is intended to confer on any other Person any right or benefit in or under this Agreement or the Plan.
17.Separate Payments.  All amounts payable in connection with the RSUs hereunder or any other Awards granted under the Plan shall be treated as separate payments for the purposes of Code section 409A.
18.Governing Law.  This Agreement shall be governed by and construed and interpreted in accordance with the laws of the State of Delaware.
19.Counterparts.  This Agreement may be executed in any number of counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.
20.Order of Precedence and Construction.    This Agreement, the RSUs and the RSU Shares are subject to all provisions of the Plan (a copy of which is attached hereto as Exhibit A), including the Restricted Stock Unit provisions of section 6 thereof, and are further subject to all interpretations and amendments thereto that may from time to time be adopted pursuant to the Plan.  In the event of any inconsistency between any provision of this Agreement and any provision of the Plan, the provision of the Plan shall govern.  The headings of sections herein are for convenience of reference only, are not part of this Agreement and shall not affect the construction or interpretation of any provision hereof.  Whenever the context requires, the use in this Agreement of the singular number shall be deemed to include the plural and vice versa, and each gender shall be deemed to include each other gender.  References herein to sections refer to sections of this Agreement, except as otherwise stated.  The meaning of general words is not limited by specific examples introduced by “includes”, “including”, “for example”, “such as” or similar expressions, which shall be deemed to be followed by the phrase “without limitation”.
21.Further Assurances.  The Recipient agrees to do and perform all acts and execute and deliver all additional documents, instruments and agreements as the Company or the Committee may reasonably request in connection with this Agreement.
22.Data Privacy.  Recipient hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of Recipient’s personal data as described in this Agreement by and among, as applicable, Recipient’s employer, the Company, and any Subsidiary for the exclusive purposes of implementing, administering, and managing Recipient’s participation in the Plan.  Recipient understands that the Company and the employing Subsidiary may hold certain personal information about Recipient, including, but not limited to, Recipient’s name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, and any shares of stock or directorships held in the Company or any Subsidiary, details of all RSUs or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in Recipient’s favor (“Personal Data”).  Recipient understands that Personal Data may be transferred to any third parties assisting in the implementation, administration and management of the Plan, that these entities may be located in Recipient’s country, or elsewhere, and that the third parties’ country may have different data privacy laws and protections than Recipient’s country.  Recipient understands that he or she may request a list with the names and addresses of any potential third parties in receipt of the Personal Data by contacting the Company’s Equity Plans Administrator.  Recipient authorizes the third parties to receive, possess, use, retain and transfer the Personal Data, in electronic or other form, for the purposes of implementing, administering and managing Recipient’s participation in the Plan, including any requisite transfer of such Personal Data as may be required to a broker or other third party with whom Recipient may elect to deposit any RSU Shares received upon vest of the RSUs.  Recipient understands that Personal Data will be held as long as is necessary to administer and manage Recipient’s participation in the Plan.  Recipient understands that he or she may, at any time, view Personal Data, 

Exhibit 10.8

request additional information about the storage and processing of Personal Data, require any necessary amendments to Personal Data or refuse or withdraw the consents herein, without cost, by contacting in writing the Company’s Equity Plans Administrator.  Recipient understands that refusal or withdrawal of consent may affect Recipient’s ability to realize benefits from the RSUs.  For more information on the consequences of Recipient’s refusal to consent or withdrawal of consent, Recipient understands that he or she may contact the Company’s Equity Plans Administrator.
23.Electronic Delivery.  The Company may, in its sole discretion, decide (a) to deliver or effect by electronic means any documents or communications related to the RSUs granted under the Plan, Recipient’s participation in the Plan, or future Awards that may be granted under the Plan or (b) to request by electronic means Recipient’s consent to participate in the Plan and other communications related to the RSUs or the Plan.  Recipient hereby consents to receive such documents and communications by electronic delivery and, if requested, to agree to participate in the Plan and deliver or effect such other communications through an on-line or electronic system established and maintained by the Company or any third party designated by the Company. 

[Signature Page Follows]
IN WITNESS WHEREOF, this Restricted Stock Unit Agreement has been duly executed by or on behalf of the Company and the Recipient as of the Award Date.

Exhibit 10.8

COMPANY:

SIMPSON MANUFACTURING CO., INC.

By    ___________________________________
    Authorized Signatory for the Compensation
    and Leadership Development Committee
    of the Board of Directors

ACCEPTANCE OF AGREEMENT:  Through the electronic submission of his or her consent to this Restricted Stock Unit Agreement in accordance with the instructions on Morgan Stanley Smith Barney’s StockPlan Connect website, the Recipient hereby confirms, ratifies, approves and accepts all of the terms and conditions of this Restricted Stock Unit Agreement.

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