Document:

Exhibit 10.11

 

	Name:	 
	Number
    of Restricted Stock Units:	 
	Date
    of Grant:	 
	[Vesting
    Commencement Date:]	 

 

HILLMAN
SOLUTIONS CORP.

2021 Equity Incentive Plan

 

Restricted
Stock Unit Agreement

 

This agreement (this “Agreement”)
evidences a grant (the “Award”) of Restricted Stock Units (“RSUs”) by Hillman Solutions Corp. (the
 “Company”) to the individual named above (the “Participant”), pursuant to and subject to the terms
of the Hillman Solutions Corp. 2021 Equity Incentive Plan (as from time to time amended and in effect, the “Plan”).
Except as otherwise defined herein, all capitalized terms used herein have the same meaning as in the Plan.

 

1.             Grant
of RSUs. On the date set forth above (the “Date of Grant”), the Company granted to the Participant the number of
Restricted Stock Units (“RSUs”) set forth above, giving the Participant the conditional right to receive, without payment
and pursuant to and subject to the terms and conditions set forth in this Agreement and in the Plan, one share of Stock (a “Share”)
with respect to each RSU subject to this Award, subject to adjustment pursuant to Section 7 of the Plan in respect of transactions occurring
after the date hereof.

 

The RSUs are granted to the
Participant in connection with the Participant’s Employment with the Company.

 

2.             Vesting.
Unless earlier terminated, forfeited, relinquished or expired, the RSUs will vest , subject to the Participant remaining in continuous
Employment from the Date of Grant through the applicable vesting date.

 

3.             Cessation
of Employment. If the Participant’s Employment ceases for any reason, except as expressly provided for in a written agreement
between the Participant and the Company or one of its affiliates that is in effect at the time of such cessation of Employment, the RSUs,
to the extent not then vested, will be immediately forfeited for no consideration.

 

4.             Delivery
of Shares. The Company shall, as soon as practicable upon the vesting of any RSUs (but in no event later than thirty (30) days following
the date on which such RSUs vest), effect delivery of the Shares with respect to such vested RSUs to the Participant (or, in the event
of the RSUs have passed to the estate or beneficiary of the Participant or a permitted transferee, to such estate or beneficiary or permitted
transferee).

 

5.             Restrictions on Transfer. The RSUs may not be transferred except as expressly permitted under Section 6(a)(3) of the Plan.

 

6.             Forfeiture; Recovery of Compensation. By accepting, or being deemed to have accepted, the RSUs, the Participant expressly acknowledges
and agrees that his or her rights, and those of any permitted transferee, with respect to the RSUs, including the right to any Shares
acquired in respect of the RSUs and any amounts received in respect thereof, are subject to Section 6(a)(5) of the Plan (including any
successor provision). The Participant further agrees to be bound by the terms of any applicable clawback or recoupment policy and any
stock ownership guidelines of, or established by, the Company. Nothing in the preceding sentence will be construed as limiting the general
application of Section 8 of this Agreement.

 

    

     

    

 

7.             Taxes. The Participant expressly acknowledges and agrees that the Participant’s rights hereunder, including the right
to be issued Shares upon settlement of the Award, are subject to the Participant promptly paying to the Company in cash or by check (or
by such other means as may be acceptable to the Administrator) all taxes and other amounts required to be withheld. No Shares will be
issued in respect of the Award unless and until the Participant has remitted to the Company an amount in cash sufficient to satisfy any
withholding requirements, or has made other arrangements satisfactory to the Company with respect to such amounts. Unless otherwise determined
by the Company, the Company shall automatically satisfy any tax withholding obligations by withholding from the Shares that would otherwise
be delivered in connection with a vesting date a number of Shares having a fair market value equal to the minimum statutory amount required
to be withheld to satisfy such tax withholding obligations and/or by causing such number of Shares to be sold in accordance with a sell-to-cover
arrangement. The Participant authorizes the Company and its subsidiaries to withhold any amounts due in respect of any required withholdings
by withholding from the Shares otherwise deliverable in connection with the RSUs, by causing such Shares to be sold in accordance with
a sell-to-cover arrangement and/or by withholding from any amounts otherwise owed to the Participant. Nothing in this Section 7, however,
shall be construed as relieving the Participant of any liability for satisfying his or her tax obligations relating to the Award. If a
sell-to-cover arrangement is selected as contemplated hereunder the Participant shall bear all costs associated with the sale of Shares
under such arrangement.

 

8.             Provisions of the Plan. This Agreement is subject in its entirety to the provisions of the Plan, which are incorporated
herein by reference. A copy of the Plan as in effect on the Date of Grant has been made available to the Participant. By accepting, or
being deemed to have accepted, the Award, the Participant agrees to be bound by the terms of the Plan and this Agreement. In the event
of any conflict between the terms of this Agreement and the Plan, the terms of the Plan will control.

 

9.             Acknowledgements.
The Participant acknowledges and agrees that (i) this Agreement may be executed in two or more counterparts, each of which will be an
original and all of which together will constitute one and the same instrument, (ii) this Agreement may be executed and exchanged using
facsimile, portable document format (PDF) or electronic signature, which, in each case, will constitute an original signature for all
purposes hereunder, and (iii) such signature by the Company will be binding against the Company and will create a legally binding agreement
when this Agreement is countersigned by the Participant.

 

[Signature page follows.]

 

    -2-

     

    

 

The Company, by its duly authorized
officer, and the Participant have executed this Agreement.

 

	 	HILLMAN SOLUTIONS CORP.
	 	 	 
	 	By:	                
	 	 	 
	 	Name:	 
	 	 	 
	 	Title: 	 

 

 

Agreed and Accepted:

 

	By		

[Participant’s Name]

 

Signature Page to Restricted Stock Unit AgreementExhibit 10.12

 

	Name:	 
	Number
    of Restricted Stock Units:	 
	Date
    of Grant:	 
	[Vesting
    Commencement Date:]	 

 

HILLMAN
SOLUTIONS CORP.

2021 Equity Incentive Plan

 

Restricted
Stock Unit Agreement

(Non-Employee
Directors)

 

This agreement (this “Agreement”)
evidences a grant (the “Award”) of Restricted Stock Units (“RSUs”) by Hillman Solutions Corp. (the
 “Company”) to the individual named above (the “Participant”), pursuant to and subject to the terms
of the Hillman Solutions Corp. 2021 Equity Incentive Plan (as from time to time amended and in effect, the “Plan”).
Except as otherwise defined herein, all capitalized terms used herein have the same meaning as in the Plan.

 

1.                 
Grant of RSUs. On the date set forth above (the “Date of Grant”), the Company granted to the Participant
the number of Restricted Stock Units (“RSUs”) set forth above, giving the Participant the conditional right to receive,
without payment and pursuant to and subject to the terms and conditions set forth in this Agreement and in the Plan, one share of Stock
(a “Share”) with respect to each RSU subject to this Award, subject to adjustment pursuant to Section 7 of the Plan
in respect of transactions occurring after the date hereof.

 

The RSUs are granted to the
Participant in connection with the Participant’s Employment with the Company.

 

2.                 
Vesting. Unless earlier terminated, forfeited, relinquished or expired, the RSUs will vest , subject to the Participant
remaining in continuous Employment from the Date of Grant through the applicable vesting date.

 

3.                 
Cessation of Employment. If the Participant’s Employment ceases for any reason, except as expressly provided for in
a written agreement between the Participant and the Company or one of its affiliates that is in effect at the time of such cessation of
Employment, the RSUs, to the extent not then vested, will be immediately forfeited for no consideration.

 

4.                 
Delivery of Shares. The Company shall, as soon as practicable upon the vesting of any RSUs (but in no event later than thirty
(30) days following the date on which such RSUs vest), effect delivery of the Shares with respect to such vested RSUs to the Participant
(or, in the event of the RSUs have passed to the estate or beneficiary of the Participant or a permitted transferee, to such estate or
beneficiary or permitted transferee).

 

5.                 
Restrictions on Transfer. The RSUs may not be transferred except as expressly permitted under Section 6(a)(3) of the Plan.

 

     

     

    

 

6.                 
 Forfeiture; Recovery of Compensation. By accepting, or being deemed to have accepted, the RSUs, the Participant expressly
acknowledges and agrees that his or her rights, and those of any permitted transferee, with respect to the RSUs, including the right to
any Shares acquired in respect of the RSUs and any amounts received in respect thereof, are subject to Section 6(a)(5) of the Plan (including
any successor provision). The Participant further agrees to be bound by the terms of any applicable clawback or recoupment policy and
any stock ownership guidelines of, or established by, the Company. Nothing in the preceding sentence will be construed as limiting the
general application of Section 8 of this Agreement.

 

7.                 
Taxes. The Participant is responsible for satisfying and paying all taxes arising from or due in connection with the Award,
its vesting and/or settlement and any disposition of any Shares acquired upon the vesting of the Award. The Company will have no liability
or obligation related to the foregoing.

 

8.                 
Provisions of the Plan. This Agreement is subject in its entirety to the provisions of the Plan, which are incorporated
herein by reference. A copy of the Plan as in effect on the Date of Grant has been made available to the Participant. By accepting, or
being deemed to have accepted, the Award, the Participant agrees to be bound by the terms of the Plan and this Agreement. In the event
of any conflict between the terms of this Agreement and the Plan, the terms of the Plan will control.

 

9.                 
Acknowledgements. The Participant acknowledges and agrees that (i) this Agreement may be executed in two or more counterparts,
each of which will be an original and all of which together will constitute one and the same instrument, (ii) this Agreement may be executed
and exchanged using facsimile, portable document format (PDF) or electronic signature, which, in each case, will constitute an original
signature for all purposes hereunder, and (iii) such signature by the Company will be binding against the Company and will create a legally
binding agreement when this Agreement is countersigned by the Participant.

 

[Signature page follows.]

 

     -2-

     

    

 

The Company, by its duly authorized
officer, and the Participant have executed this Agreement.

 

	 	HILLMAN SOLUTIONS CORP.
	 	 	 
	 	By:	     
	 	Name:	 
	 	Title:	 

 

	Agreed and Accepted:	 
	 	 
	By 	                    	 
	[Participant’s Name]	 

 

Signature Page to Restricted Stock Unit Agreement

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