Document:

Exhibit 10.2
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DORIAN LPG LTD.
RESTRICTED STOCK UNIT AWARD AGREEMENT
THIS RESTRICTED STOCK UNIT AWARD AGREEMENT UNDER THE DORIAN LPG LTD. AMENDED AND RESTATED 2014 EQUITY INCENTIVE PLAN, dated as of ___________ (the “Grant Date”), is made by and between Dorian LPG Ltd. (the “Company”) and __________ (the “Grantee”). 
This Restricted Stock Unit Award Agreement (this “Award Agreement”) sets forth the terms and conditions of an award (the “Award”) of _______ restricted stock units (the “Units”) that are subject to certain terms and conditions specified herein and that are granted to the Grantee under the Dorian LPG Ltd. Amended and Restated 2014 Equity Incentive Plan (the “Plan”).
THIS AWARD IS SUBJECT TO ALL TERMS AND CONDITIONS OF THE PLAN AND THIS AWARD AGREEMENT. BY SIGNING YOUR NAME BELOW, YOU WILL HAVE CONFIRMED YOUR ACCEPTANCE OF THE TERMS AND CONDITIONS OF THIS AWARD AGREEMENT.
SECTION 1.  Definitions.  Capitalized terms used in this Award Agreement that are not defined in this Award Agreement have the meanings as used or defined in the Plan.
SECTION 2.  The Plan.  This Award is made pursuant to the Plan, the terms of which are incorporated herein by reference, and in all respects shall be interpreted in accordance with the Plan.  The grant and terms of this Award are subject to the provisions of the Plan and to interpretations, regulations and determinations concerning the Plan established from time to time by the Administrator in accordance with the provisions of the Plan, including, but not limited to, provisions pertaining to (a) rights and obligations with respect to withholding taxes, (b) the registration, qualification or listing of the Company’s shares, (c) capital or other changes of the Company and (d) other requirements of applicable law.  The Administrator shall have the authority to interpret and construe this Award pursuant to the terms of the Plan, and its decisions shall be conclusive as to any questions arising hereunder.
SECTION 3.  Vesting and Delivery.  
(a)  Vesting.  Subject to the Grantee’s continued service with the Company and/or its Affiliates as an employee, officer or director of the Company and/or its Affiliates, as applicable (an “Employee”) from the Grant Date through each date set forth below (each, a “Vesting Date”), the Units shall vest as follows: 
	          Vesting Date
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	Amount to Vest

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In the event the Grantee ceases to be an Employee prior to the Vesting Date for any reason other than (i) death or Disability or (ii) involuntary termination by the Company and its Affiliates other than for Cause, then all Units held by the Grantee at the time of such cessation of service as an Employee shall be forfeited and canceled and the Grantee’s rights with respect to such Units shall immediately terminate and the Grantee will not be entitled to any payments or benefits with respect to any Units granted under this Award Agreement.  In the event the Grantee ceases to be an Employee prior to the Vesting Date by reason of (i) death or Disability or (ii) involuntary termination by the Company and its Affiliates other than for Cause, then all unvested Units held by the Grantee at the time of such cessation of service as an Employee shall become fully vested at such time.  
(b)  Performance Requirement.  As applicable.
(c)   Delivery of Shares.  On or promptly following each Vesting Date, conditioned upon the Grantee’s delivery of an executed copy of this Award Agreement to the Company in accordance with Section 14 below, any vested portion of the Units will be canceled in exchange for an equal number of common shares of the Company (“Shares”) and certificates issued in respect of such Shares shall be delivered to the Grantee or reflected in an account evidencing ownership of such Shares in uncertificated form. 
SECTION 4.  No Shareholder Rights.  The Grantee shall not have any of the rights of a shareholder of the Company with respect to the Award and the Units granted hereunder, or any Shares issuable thereunder, until the issuance of a Share certificate to the Grantee for such Shares, including, without limitation, with respect to dividends and voting rights thereon
SECTION 5.  Non-Transferability of Units.  Unless otherwise provided by the Administrator in its discretion, Units may not be sold, assigned, transferred, pledged or otherwise encumbered or disposed of by the Grantee.  Any purported sale, assignment, transfer, pledge or other encumbrance or disposition of Units in violation of U.S. securities laws or the provisions of this Section 5 shall be void.  
SECTION 6.  Taxes.  The delivery of this Award Agreement and the issuance of any Share certificates or establishment of an account evidencing ownership of such Shares in uncertificated form pursuant to Section 3(c) above is conditioned on satisfaction of any applicable withholding taxes.  The Company shall be entitled to require a cash payment by or on behalf of the Grantee and/or to deduct from other compensation payable to the Grantee any sums required by any applicable tax law to be withheld or to satisfy any applicable payroll deductions with respect to the delivery of this Award Agreement and payments with respect to any Unit, including the issuance of any Share certificates or the establishment of an account evidencing ownership of such Shares in uncertificated form.  The Grantee shall be liable for any and all taxes, including withholding taxes, arising out of this Award Agreement.  
SECTION 7.  Consents, Stop Transfer Orders and Legends.  (a)  Consents.  The Grantee’s rights in respect of this Award Agreement and the Shares issuable hereunder are conditioned on the receipt to the full satisfaction of the Administrator of (i) any required consents that the Administrator may determine to be necessary or advisable (including, without limitation, the Grantee’s consenting to the Company’s supplying to any third-party recordkeeper of the Plan such personal information as the Administrator deems advisable to administer the Plan) and (ii) the Grantee’s making or entering 

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into such written representations, warranties and agreements in connection with the acquisition of any Shares pursuant to this Award as the Administrator may request in order to comply with applicable securities laws or this Award (including, without limitation, the Grantee’s representing in writing to the Company (A) that it is the Grantee’s intention to acquire the Shares under this Award Agreement for investment and not with a view to the distribution thereof, (B) that the Grantee shall comply with such restrictions on the subsequent transfer of such Shares as the Company or the Administrator shall deem necessary or advisable as a result of any applicable law, regulation or official interpretation thereof and (C) the Grantee’s acknowledgment that all Share certificates delivered under this Award Agreement shall be subject to such stop transfer orders and other restrictions as the Company or the Administrator may deem advisable under the Plan, this Award Agreement or the rules, regulations and other requirements of the SEC, any stock exchange upon which such Shares are listed, and any applicable securities or other laws, and that certificates representing Shares may contain a legend to reflect any such restrictions).
(b)  Stop Transfer Orders and Legends.  The Company may affix to certificates for Shares issued pursuant to this Award Agreement any legend that the Administrator determines to be necessary or advisable (including to reflect any restrictions to which the Grantee may be subject under any applicable securities laws or stock exchange rules, regulations or requirements and/or with respect to non-transferability pursuant to this Award Agreement).  The Company may advise the transfer agent to place a stop order against any legended Shares.  Unless otherwise determined by the Administrator, the certificate or certificates representing the Restricted Shares shall bear the following restrictive legend:
THE SHARES OF COMMON STOCK REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY STATE SECURITIES OR BLUE SKY LAWS, AND MAY NOT BE SOLD, ASSIGNED, TRANSFERRED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF (I) AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT AND COMPLIANCE WITH SUCH STATE LAWS OR (II) AN APPLICABLE EXEMPTION THEREFROM AND AN OPINION OF COUNSEL SATISFACTORY TO THE ISSUER THAT SUCH REGISTRATION IS NOT REQUIRED FOR SUCH TRANSACTION AND THAT THE TRANSACTION COMPLIES WITH ALL APPLICABLE STATE LAWS.
SECTION 8. Compliance with Laws and Regulations. In accordance with Section 3.12 of the Plan, the issuance of Shares pursuant to this Award Agreement will be subject to and conditioned upon compliance with all applicable state and federal laws and regulations and with all applicable requirements of any stock exchange or automated quotation system on which the Company’s securities may be listed or quoted at the time of such issuance or transfer.
SECTION 9. Successors and Assigns. The Company may assign any of its rights under this Award Agreement. This Award Agreement shall be binding upon and inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer set forth herein, this Award Agreement will be binding upon the Grantee’s and the Grantee’s heirs, executors, administrators, legal representatives, successors and assigns. 

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SECTION 10.  Changes in Capital Structure/Other Significant Events.  This Award may be subject to adjustment in the event of certain changes in capitalization or other significant corporate events, as more fully set forth in the Plan, including Sections 1.5(c) and 3.5 thereof.
SECTION 11.  Governing Law.  This Award Agreement will be construed and administered in accordance with the laws of the State of New York, without giving effect to the principles of conflict of laws.
SECTION 12.  Headings.  Headings contained herein are for the purpose of convenience only and shall not be deemed in any way material or relevant to the construction or interpretation of this Award Agreement.
SECTION 13.  Amendment and Termination of the Plan/Award.  The Plan and/or this Award may be amended, cancelled or terminated in accordance with the terms of Section 3.1 of the Plan.  No amendment to this Award Agreement shall be effective unless in writing and executed by the Company, provided that no amendment to the Plan or this Award shall materially impair any rights or materially increase any obligations under this Award without the written consent of the Grantee.
SECTION 14.  Counterparts.  This Award shall expire if this Award Agreement is not signed by the Grantee and returned to the Company within twenty (20) business days of receipt of an executed copy from the Company.  This Award Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.
SECTION 15.  No Right to Continued Employment.  Neither the Plan nor this Award Agreement nor any provisions under either shall be construed so as to grant the Grantee any right to remain in the employ or service of the Company or any of its Affiliates.
SECTION 16.  Grantee Cooperation.  The Grantee hereby agrees to perform all acts, and to execute and deliver any documents that may be reasonably necessary or advisable to carry out the provisions of this Award Agreement, and all acts and documents related to compliance with securities and/or tax laws.
Signature Page Follows

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IN WITNESS WHEREOF, the parties hereto have caused this Award Agreement to be duly executed by the undersigned as of the date set forth below.
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	DORIAN LPG LTD.

	 
	 
	 

	 
	 
	 

	 Date: _______________
	By:
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	Name: __________________

	 
	 
	Title: ___________________

	 
	 
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	Accepted and Agreed:

	 
	 

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	Date: _________________
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RETAIN THIS AGREEMENT FOR YOUR RECORDS

5EX-10.1

 Exhibit 10.1 

    Offer Letter 

Your employment 
 William Ready 

You’ll be the Chief Executive Officer 

You’ll report to, and will be appointed to serve on, the Board of Directors (the “Board”) 

You’ll be employed by Pinterest, Inc. (“Pinterest” or the “Company”) 

You’ll work out of our office in San Francisco for at least 50% of your business time, and out of our office in Los Angeles for the
remainder of your business time. You may also need to travel for work from time to time. 
 Your first day will be June 29, 2022, or
such other date as mutually agreed. 
 Obligations to Pinterest 
  

	 	•	 	 You agree to devote your working hours and full-time efforts to Pinterest while you’re employed here.

  

	 	•	 	 You agree to follow all our policies and rules. 

 

	 	•	 	 You must tell us before your first day about any obligations or commitments you have that may be inconsistent
with the duties we’ve outlined in this letter. 

  

	 	•	 	 You agree that you will not use or disclose any trade secrets, proprietary information or intellectual property
that you or any other person or company have a right, title or interest to in connection with the work you do at Pinterest. 

  

	 	•	 	 You certify that you have returned any property or confidential information that belongs to your former
employers. 

  

	 	•	 	 You certify that you aren’t violating the rights of anyone by accepting employment here at Pinterest.

 Your compensation 

Salary 
 Your
starting gross annual base salary will be $400,000.00 USD, paid in accordance with our standard payroll procedures and subject to authorized deductions and required tax withholdings. 

 Option Grant 

No later than five days following the date that your employment as Chief Executive Officer commences, we’ll grant you a Nonstatutory Stock
Option (the “NSO”) pursuant to the Company’s 2019 Omnibus Incentive Plan (the “Plan”) to purchase 8,553,172 shares of the Company’s Class A common stock (“Common Stock”). The exercise price per share of
the NSO will be equal to the closing price of the Common Stock on the date of grant. Your NSO will begin vesting on the next 20th day of the month following the date of your commencement of employment (the “Option Vesting Commencement
Date”) and 1/16 of the total number of shares underlying the NSO will vest on each 3-month anniversary of the Option Vesting Commencement Date, subject to your continued service as the Chief Executive
Officer of the Company. For instance, if you were to start on January 1st, the Option Vesting Commencement Date would be January 20th; if you were to start on January 21st, the Option Vesting Commencement Date would be February 20th. 

Restricted Stock Award 

If you purchase shares of Common Stock on the open market with a minimum aggregate value of $5,000,000.00 USD at the time of purchase during
the Purchase Period (the “Investment Shares”), we’ll grant you a number of shares of restricted Common Stock pursuant to the Plan with an “Initial RSA Value” of $20,000,000.00 USD (the “RSAs”) as soon as
administratively practicable thereafter. The exact number of RSAs to be granted to you will be determined after the expiration of the Purchase Period by dividing the Initial RSA Value by an “Average Share Value.” The Average Share Value
will be the average closing price of the Common Stock over the 30 trading days ending on the last day of the Purchase Period, as determined by Pinterest. Your RSAs will begin vesting on the next 20th day of the month following the date of your
commencement of employment (the “RSA Vesting Commencement Date”) and 1/16 of the total number of shares will vest on each 3-month anniversary of the RSA Vesting Commencement Date, subject to your
continued service as the Chief Executive Officer of the Company and your holding all of the Investment Shares through each vesting date. Purchase of the Investment Shares shall be made in accordance with Pinterest’s Insider Trading Policy.
“Purchase Period” means the 60-day period immediately following the date of your commencement of employment; provided, that if you or Pinterest determine that, as a policy matter, it is not advisable
for you to purchase any or all of Investment Shares during the Purchase Period, you and Pinterest may mutually agree to extend the 60-day period to provide you a reasonable opportunity to purchase all of the
Investment Shares. 
 Your NSO and any RSAs will be subject to, and contingent upon your acceptance of, the terms and conditions of the Plan,
as well as the Stock Option Grant Notice and Stock Option Agreement associated with your NSO, and the Restricted Stock Grant Notice and Restricted Stock Agreement associated with your RSAs, the forms of which such award agreements are attached to
this offer letter as Exhibit A. 
 During your employment with the Company, you will remain eligible for additional issuances of
equity and other long-term incentive programs as determined in accordance with the Company’s policies and processes. 

 Employee Benefits 

You’ll be eligible for time off and to participate in the employee benefit plans maintained by Pinterest, all subject to Pinterest’s
standard policies. 
 At-Will Employment 

You’ll be an “at-will” employee, which means that you or Pinterest can terminate your
employment any time and for any reason, without cause or notice. This offer letter takes the place of anything you may have been told or agreed to already and is the full agreement between you and Pinterest on the
“at-will” nature of your employment. The only way your “at-will” status can change is through a written agreement signed by you and an authorized
officer of Pinterest. 
 Before you start 

CIIAA 
 You must
sign and deliver a copy of the Confidential Information and Invention Assignment Agreement (“CIIAA”) attached to this offer letter as Exhibit B on or before your first day of employment. 

Right to Work 
 On
your first day of work, you must provide us with evidence of your identity and eligibility for employment in the United States. 

Background & Reference Checks 

Your job offer is contingent upon clearance of background and reference checks. 

Vaccination Policy 

Pinterest requires that all employees be fully vaccinated for COVID-19 to enter our U.S. offices,
perform in-person work, or travel on behalf of Pinterest to the extent permitted under applicable law. Employees are considered fully vaccinated if they meet the current definition provided by the U.S. Centers
for Disease Control and Prevention. Pinterest will provide reasonable accommodation or other exemption to those individuals who are unable to be vaccinated consistent with federal, state, and local law. 

Successors & Assignments 

Pinterest’s successors may assume your employment and any related rights, so if someone else takes over all or most of Pinterest’s
business and/or assets, your duties of employment will apply to that entity the same way it would apply to Pinterest unless otherwise changed by the successor. You can’t transfer or reassign any of your rights and obligations related to your
employment. 

 Miscellaneous 

Recoupment 
 If you
engage in any Detrimental Activity, the Board may, in its sole discretion, require you to repay to the Company any Covered Compensation (or equivalent cash value) paid or payable to you (or granted or vested in the case of equity-based Covered
Compensation) within the 12 months immediately preceding the date of such Detrimental Activity (or the date on which the Board discovers the Detrimental Activity). This paragraph does not limit the Company’s rights or remedies under this offer
letter, any other agreement between you and the Company, or otherwise at law or in equity. Also, you agree that all compensation paid or payable to you shall be subject to any other clawback or recoupment policy of the Company as required by
applicable law or regulation. Notwithstanding Section 18 of the Plan, neither the NSO or the RSAs shall be subject to recoupment, repayment, forfeiture or other similar measure, other than as explicitly set forth in this offer letter or the
exhibits attached hereto. You agree that no such recoupment or repayment of compensation pursuant to this paragraph will be an event giving rise to a right to resign for “good reason” or “constructive termination” (or similar
term) under any agreement between you and Pinterest. 
 For purposes of the preceding paragraph, “Detrimental Activity” means:
(i) willful misconduct that contributes to a financial restatement or material error in the calculation of any performance-based measures used to determine any Covered Compensation, or (ii) conduct that constitutes “Cause” (as
defined in the Severance Agreement) that results in material financial or reputational harm to the Company. “Covered Compensation” means any bonus or other incentive compensation granted or awarded to you by the Company, including NSOs or
RSAs granted by this offer letter or other equity compensation. 
 Notice 

You agree to keep us up to date on your mailing address. You will be deemed to receive communications delivered personally or addressed to your
currently registered mailing address. Please address any correspondence with us to our official business address directed to the attention of the Company’s Secretary. 

HSR Filing 
 If you
are required to submit a filing under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (an “HSR Filing”) in connection with your NSOs or RSAs, you and Pinterest will reasonably cooperate and coordinate with each other to make any
HSR Filings and supply reasonable information that may be required to submit such HSR Filings on a timely basis. Pinterest will pay directly or reimburse you for the
out-of-pocket amount of any filing fee required in connection with the HSR Filing, within 30 days upon receipt of reasonable supporting documentation for such fee. You
will remain solely responsible for any tax consequences related to such payment or reimbursement. 

 Attorneys’ Fees 

Pinterest will reimburse you for up to $25,000 of your
out-of-pocket legal fees reasonably incurred for advice related to this offer letter and related agreements, within 30 days upon receipt of an invoice for such expenses.
You will remain solely responsible for any tax consequences related to such reimbursement. 
 Announcements 

You and Pinterest will mutually cooperate in connection with any initial public announcements regarding your appointment as Chief Executive of
the Company, subject to the Company’s compliance with any applicable law or regulation in its sole discretion. 
 Whole Agreement

 This offer letter, together with the CIIA, the Executive Severance & Change in Control Agreement (the “Severance
Agreement”) attached to this offer letter as Exhibit C, and the Indemnification Agreement attached to this offer letter as Exhibit D represent the entire agreement between you and Pinterest regarding the subjects they cover. You
acknowledge that you and Pinterest have no other agreements or understandings (oral or written, express or implied) regarding the subjects covered by this offer letter, the CIIAA, the Severance Agreement, or the Indemnification Agreement and you
have not made or received any additional representations relating to these subjects. The terms of this offer letter, the CIIAA, the Severance Agreement, and the Indemnification Agreement may only be modified by written agreement that you and an
officer of Pinterest sign. 
 Choice of Law and Severability 

This offer letter will be interpreted according to the laws of the state in which you’re employed, without giving effect to provisions
governing the choice of law. If any provision of this offer letter is made illegal by any present or future statute, law, ordinance or regulation, then that provision will be limited only to the minimum extent necessary to make the provision comply
with the law. All the other terms and provisions in this offer letter will stay in effect. 
 Counterparts 

This letter may be signed in two or more counterparts. Each of these will be considered an original, and together they will constitute a single
document. 

 And now for 

the good stuff 
 Bill, we are delighted to extend this
offer to you. As a founder yourself, you have experienced this kind of transition and we have confidence that you will lead Pinterest through our next significant evolution and growth phase. We are excited to partner with you. The offer below is
designed to align you with the shareholders and energize you to drive the growth of Pinterest and deliver on our aspiration to enable Pinners move from inspiration to realization on our platform. You have the confidence of the entire board and we
are excited for you to lead the Pinployees and continue to build on our culture, grounded in our values. 
 If you’d like to accept, please sign and
return this offer letter, along with a signed and dated original copy of the CIIAA, the Severance Agreement, and the Indemnification Agreement by June June 24, 2022. 
  

	
	Sincerely,
	
	Pinterest, Inc.
	
	 /s/ Andrea Wishom

	Andrea Wishom, Lead Independent Director
	
	 /s/ Ben Silbermann

	Ben Silbermann, Co-Founder, Chief Executive Officer & Chairman
	
	Please sign below:
	
	 /s/ William Ready

	William Ready
	
	Date: June 23, 2022

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