Document:

Exhibit 10.9

 

JAMBA, INC.

INDUCEMENT AWARD 

NOTICE OF GRANT OF RESTRICTED STOCK UNITS

(NON-PLAN AWARD)

 

The Participant has been granted an award
of Restricted Stock Units (the “Award”), which represents the right to receive on the applicable Settlement
Date one (1) share of the common stock of Jamba, Inc. (the “Company”) for each Vested Unit, as follows:

 

	Participant:	 	 	 	 
	 	 	 	 	 
	Date of Grant:	                    /Upon Company’s filing of Form S-8 registering the Award 	 	Vesting 

Commencement 

Date	                                    

 

	Total Number of Restricted Stock Units:	 	______, subject to adjustment as provided by the Restricted Stock Unit Agreement.
	 	 	 
	Settlement Date:	 	Except as otherwise provided in the Restricted Stock Unit Agreement, for each Restricted Stock Unit, the date on which such unit becomes a Vested Unit in accordance with the vesting schedule set forth below.
	 	 	 
	Vested Units:	 	
        [Insert Vesting Schedule]

	 	 	 
	Superseding Agreement:	 	None/______.  To the extent that a Superseding Agreement is listed, to the extent that such Superseding Agreement provides for more beneficial vesting terms, then, notwithstanding anything in this Grant Notice or the Restricted Stock Unit Agreement to the contrary, the provisions of that Superseding Agreement shall govern.

 

By their signatures below or by electronic
acceptance or authentication in a form authorized by the Company, the Company and the Participant agree that the Award is governed
by this Notice and by the Restricted Stock Unit Agreement. The Participant acknowledges that copies of the Restricted Stock Unit
Agreement and the prospectus for this Award have been provided to the Participant. The Participant represents that the Participant
has read and is familiar with the provisions of the Restricted Stock Unit Agreement, and hereby accepts the Award subject to all
of the terms and conditions.

 

     

     

    

 

	JAMBA, INC. 	 	PARTICIPANT
	 	 	 
	By: 	 	 	 
	 	 	Signature
	 	 	 
	 	 	Date
	Address:	 	 	 
	 	 	 	AddressExhibit 10.10

 

JAMBA,
INC.

INDUCEMENT
AWARD

RESTRICTED
STOCK UNIT AGREEMENT

(NON-PLAN AWARD)

 

Jamba, Inc. has
granted to the Participant named in the Notice of Grant of Restricted Stock Units (the “Grant Notice”)
to which this Restricted Stock Unit Agreement (the “Agreement”) is attached an Award consisting of Restricted
Stock Units (the “Units”) and a corresponding Dividend Equivalent Right subject to the terms and conditions
set forth in the Grant Notice and this Agreement. This Award has not been granted pursuant to the Jamba, Inc. 2013 Equity
Incentive Plan of the Company in reliance on NASDAQ Marketplace Rule 5635(c)(4). By signing the Grant Notice, the Participant:
(a) acknowledges receipt of and represents that the Participant has read and is familiar with the Grant Notice and this Agreement
and a prospectus for this Award prepared in connection with the registration with the Securities and Exchange Commission of the
shares of Stock issuable pursuant to the Award (the “Prospectus”), (b) accepts the Award subject
to all of the terms and conditions of the Grant Notice and this Agreement and (c) agrees to accept as binding, conclusive
and final all decisions or interpretations of the Committee upon any questions arising under the Grant Notice and this Agreement.

 

1.    Definitions
and Construction.

 

1.1     Definitions.
Unless otherwise defined herein, capitalized terms shall have the meanings assigned to such terms in the Grant Notice:

 

(a)    “Affiliate”
means (i) a parent entity, other than a Parent Corporation, that directly, or indirectly through one or more intermediary
entities, controls the Company or (ii) a subsidiary entity, other than a Subsidiary Corporation, that is controlled by the
Company directly or indirectly through one or more intermediary entities. For this purpose, the terms “parent,” “subsidiary,”
“control” and “controlled by” shall have the meanings assigned such terms for the purposes of registration
of securities on Form S-8 under the Securities Act.

 

(b)    “Board”
means the Board of Directors of the Company.

 

(c)    “Cause”
means, unless such term or an equivalent term is otherwise defined by another written agreement between the Participant and a Participating
Company applicable to the Award, any of the following: (i) the Participant’s theft, dishonesty, willful misconduct,
breach of fiduciary duty for personal profit, or falsification of any Participating Company documents or records; (ii) the
Participant’s material failure to abide by a Participating Company’s code of conduct or other policies (including,
without limitation, policies relating to confidentiality and reasonable workplace conduct); (iii) the Participant’s
unauthorized use, misappropriation, destruction or diversion of any tangible or intangible asset or corporate opportunity of a
Participating Company (including, without limitation, the Participant’s improper use or disclosure of a Participating Company’s
confidential or proprietary information); (iv) any intentional act by the Participant which has a material detrimental effect
on a Participating Company’s reputation or business; (v) the Participant’s repeated failure or inability to perform
any reasonable assigned duties after written notice from a Participating Company of, and a reasonable opportunity to cure, such
failure or inability; (vi) any material breach by the Participant of any employment, service, non-disclosure, non-competition,
non-solicitation or other similar agreement between the Participant and a Participating Company, which breach is not cured pursuant
to the terms of such agreement; or (vii) the Participant’s conviction (including any plea of guilty or nolo contendere)
of any criminal act involving fraud, dishonesty, misappropriation or moral turpitude, or which impairs the Participant’s
ability to perform his or her duties with a Participating Company.

 

     

     

    

  

(d)     “Change
in Control” means the occurrence of any one or a combination of the following:

 

(i)    any
“person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes the “beneficial
owner” (as such term is defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the
Company representing more than fifty percent (50%) of the total Fair Market Value or total combined voting power of the Company’s
then-outstanding securities entitled to vote generally in the election of Directors; provided, however, that a Change in Control
shall not be deemed to have occurred if such degree of beneficial ownership results from any of the following: (A) an acquisition
by any person who on the Effective Date is the beneficial owner of more than fifty percent (50%) of such voting power, (B) any
acquisition directly from the Company, including, without limitation, pursuant to or in connection with a public offering of securities,
(C) any acquisition by the Company, (D) any acquisition by a trustee or other fiduciary under an employee benefit plan
of a Participating Company or (E) any acquisition by an entity owned directly or indirectly by the stockholders of the Company
in substantially the same proportions as their ownership of the voting securities of the Company; or

 

(ii)       an
Ownership Change Event or series of related Ownership Change Events (collectively, a “Transaction”) in
which the stockholders of the Company immediately before the Transaction do not retain immediately after the Transaction direct
or indirect beneficial ownership of more than fifty percent (50%) of the total combined voting power of the outstanding securities
entitled to vote generally in the election of Directors or, in the case of an Ownership Change Event described in Section 1.1(r),
the entity to which the assets of the Company were transferred (the “Transferee”), as the case may be;
or

 

(iii)      approval
by the stockholders of a plan of complete liquidation or dissolution of the Company.

 

For purposes of the preceding
sentence, indirect beneficial ownership shall include, without limitation, an interest resulting from ownership of the voting securities
of one or more corporations or other business entities which own the Company or the Transferee, as the case may be, either directly
or through one or more subsidiary corporations or other business entities. The Committee shall determine whether multiple acquisitions
of the voting securities of the Company and/or multiple Ownership Change Events are related and to be treated in the aggregate
as a single Change in Control, and its determination shall be final, binding and conclusive.

 

(e)     “Code”
means the Internal Revenue Code of 1986, as amended, and any applicable regulations or administrative guidelines promulgated thereunder.

 

     

     

    

 

 

(f)    “Committee”
means the Compensation Committee and such other committee or subcommittee of the Board, if any, duly appointed to administer this
Award and having such powers in each instance as shall be specified by the Board. If, at any time, there is no committee of the
Board then authorized or properly constituted to administer this Award, the Board shall exercise all of the powers of the Committee
granted herein, and, in any event, the Board may in its discretion exercise any or all of such powers.

 

(g)     “Company”
means Jamba, Inc., a Delaware corporation, or any successor corporation thereto.

 

(h)     “Consultant”
means a person engaged to provide consulting or advisory services (other than as an Employee or a member of the Board) to a Participating
Company, provided that the identity of such person, the nature of such services or the entity to which such services are provided
would not preclude the Company from offering or selling securities to such person in reliance on registration on Form S-8
under the Securities Act.

 

(i)    “Director”
means a member of the Board.

 

(j)    “Dividend
Equivalent Right” means the right of the Participant, granted at the discretion of the Committee, to receive a credit
for the account of such Participant in an amount equal to the cash dividends paid on one share of Stock for each share of Stock
represented by the Award.

 

(k)     “Disability”
means the permanent and total disability of the Participant, within the meaning of Section 22(e)(3) of the Code.

 

(l)    “Employee”
means an employee (including an Officer or a member of the Board who is also treated as an employee) in the records of a Participating
Company; provided, however, that neither service as a member of the Board nor payment of a director’s fee shall be sufficient
to constitute employment for purposes of the Agreement. The Company shall determine in good faith and in the exercise of its discretion,
whether an individual has become or has ceased to be an Employee and the effective date of such individual’s employment or
termination of employment, as the case may be. For purposes of an individual’s rights, as of the time of the Company’s
determination of whether or not the individual is an Employee, all such determinations by the Company shall be final, binding and
conclusive as to such rights, if any, notwithstanding that the Company or any court of law or governmental agency subsequently
makes a contrary determination as to such individual’s status as an Employee.

 

(m)    
“Exchange Act” means the Securities Exchange Act of 1934, as amended.

 

(n)     “Fair
Market Value” means, as of any date, the value of a share of Stock or other property as determined by the Committee,
in its discretion, or by the Company, in its discretion, if such determination is expressly allocated to the Company herein, subject
to the following:

 

     

     

    

 

(i)    Except
as otherwise determined by the Committee, if, on such date, the Stock is listed or quoted on a national or regional securities
exchange or quotation system, the Fair Market Value of a share of Stock shall be the closing price of a share of Stock as quoted
on the national or regional securities exchange or quotation system constituting the primary market for the Stock, as reported
in The Wall Street Journal or such other source as the Company deems reliable. If the relevant date does not fall on a day
on which the Stock has traded on such securities exchange or quotation system, the date on which the Fair Market Value shall be
established shall be the last day on which the Stock was so traded or quoted prior to the relevant date, or such other appropriate
day as shall be determined by the Committee, in its discretion.

 

(ii)       Notwithstanding
the foregoing, the Committee may, in its discretion, determine the Fair Market Value of a share of Stock on the basis of the opening,
closing, or average of the high and low sale prices of a share of Stock on such date or the preceding trading day, the actual sale
price of a share of Stock received by the Participant, any other reasonable basis using actual transactions in the Stock as reported
on a national or regional securities exchange or quotation system, or on any other basis consistent with the requirements of Section
409A of the Code (“Section 409A”). The Committee may vary its method of determination of the Fair Market
Value as provided in this Section for different purposes to the extent consistent with the requirements of Section 409A.

 

(o)     If,
on such date, the Stock is not listed or quoted on a national or regional securities exchange or quotation system, the Fair Market
Value of a share of Stock shall be as determined by the Committee in good faith without regard to any restriction other than a
restriction which, by its terms, will never lapse, and in a manner consistent with the requirements of Section 409A.

 

(p)     “Insider”
means an Officer, Director or any other person whose transactions in Stock are subject to Section 16 of the Exchange Act.

 

(q)     “Officer”
means any person designated by the Board as an officer of the Company.

 

(r)    “Ownership
Change Event” means the occurrence of any of the following with respect to the Company: (i) the direct or indirect
sale or exchange in a single or series of related transactions by the stockholders of the Company of securities of the Company
representing more than fifty percent (50%) of the total combined voting power of the Company’s then outstanding securities
entitled to vote generally in the election of Directors; (ii) a merger or consolidation in which the Company is a party; or (iii)
the sale, exchange, or transfer of all or substantially all of the assets of the Company (other than a sale, exchange or transfer
to one or more subsidiaries of the Company).

 

(s)     “Parent
Corporation” means any present or future “parent corporation” of the Company, as defined in Section 424(e)
of the Code.

 

(t)    “Participant”
means Marie Perry.

 

(u)     “Participating
Company” means the Company or any Parent Corporation, Subsidiary Corporation or Affiliate.

 

(v)     “Participating
Company Group” means, at any point in time, the Company and all other entities collectively which are then Participating
Companies.

 

     

     

    

  

(w)     “Restricted Stock Unit” means a right to receive, on a future date or event, a share of Stock or cash
in lieu thereof, as determined by the Committee.

 

(x)    “Rule
16b-3” means Rule 16b-3 under the Exchange Act, as amended from time to time, or any successor rule or regulation.

 

(y)     “Securities Act” means the Securities Act of 1933, as amended.

 

(z)    “Service”
means the Participant’s employment or service with the Participating Company Group, whether as an Employee, a Director or
a Consultant. Unless otherwise provided by the Committee, the Participant’s Service shall not be deemed to have terminated
merely because of a change in the capacity in which the Participant renders such Service or a change in the Participating Company
for which the Participant renders such Service, provided that there is no interruption or termination of the Participant’s
Service. Furthermore, the Participant’s Service shall not be deemed to have been interrupted or terminated if the Participant
takes any military leave, sick leave, or other bona fide leave of absence approved by the Company. However, unless otherwise provided
by the Committee, if any such leave taken by the Participant exceeds ninety (90) days, then on the ninety-first (91st) day following
the commencement of such leave the Participant’s Service shall be deemed to have terminated, unless the Participant’s
right to return to Service is guaranteed by statute or contract. Notwithstanding the foregoing, unless otherwise designated by
the Company or required by law, an unpaid leave of absence shall not be treated as Service for purposes of determining vesting
under this Award. The Participant’s Service shall be deemed to have terminated either upon an actual termination of Service
or upon the business entity for which the Participant performs Service ceasing to be a Participating Company. Subject to the foregoing,
the Company, in its discretion, shall determine whether the Participant’s Service has terminated and the effective date of
such termination.

 

(aa)    “Stock”
means the common stock of the Company, as adjusted from time to time in accordance with Section 9 hereof.

 

(bb)   “Subsidiary
Corporation” means any present or future “subsidiary corporation” of the Company, as defined in Section 424(f)
of the Code.

 

(cc)    “Trading
Compliance Policy” means the written policy of the Company pertaining to the purchase, sale, transfer or other disposition
of the Company’s equity securities by Directors, Officers, Employees or other service providers who may possess material,
nonpublic information regarding the Company or its securities.

 

(dd)   “Vesting
Conditions” mean those conditions of which the Award or shares subject to the Award remain subject to forfeiture
or a repurchase option in favor of the Company exercisable for the Participant’s monetary purchase price, if any, for such
shares upon the Participant’s termination of Service.

 

1.2     Construction.
Captions and titles contained herein are for convenience only and shall not affect the meaning or interpretation of any provision
of this Agreement. Except when otherwise indicated by the context, the singular shall include the plural and the plural shall include
the singular. Use of the term “or” is not intended to be exclusive, unless the context clearly requires otherwise.

 

     

     

    

  

2.    Administration.

 

2.1     Administration
by the Committee. This Agreement shall be administered by the Committee. All questions of interpretation concerning the Grant
Notice and this Agreement shall be determined by the Committee or its designee. All such determinations shall be final and binding
upon all persons having an interest in the Award.

 

2.2     Authority
of Officers. Any Officer shall have the authority to act on behalf of the Company with respect to any matter, right, obligation,
or election which is the responsibility of or which is allocated to the Company herein, provided the Officer has apparent or actual
authority with respect to such matter, right, obligation, or election.

 

2.3     Administration
with Respect to Insiders. At any time that any class of equity security of the Company is registered pursuant to Section 12
of the Exchange Act, this Agreement shall be administered in compliance with the requirements, if any, of Rule 16b-3 if Participant
is an Insider.

 

2.4     Powers
of the Committee. In addition to any other powers set forth herein, subject to the terms hereof, the Committee shall
have the full and final power and authority, in its discretion:

 

(a)    to
determine the Fair Market Value of shares of Stock or other property;

 

(b)    to
determine the terms, conditions and restrictions applicable to the Award and any shares of Stock acquired pursuant thereto;

 

(c)    to
determine whether the Award will be settled in shares of Stock, cash, other property or in any combination thereof;

 

(d)    to
amend, modify, or cancel the Award or to waive any restrictions or conditions applicable to the Award or any shares acquired pursuant
thereto;

 

(e)    to
accelerate, continue, extend or defer the vesting of the Award or any shares acquired pursuant thereto, including with respect
to the period following the Participant’s termination of Service;

 

(f)     to
prescribe, amend or rescind rules, guidelines and policies relating to the Award, including, without limitation, as the Committee
deems necessary or desirable to comply with the laws or regulations of or to accommodate the tax policy, accounting principles
or custom of, foreign jurisdictions; and

 

(g)    to
correct any defect, supply any omission or reconcile any inconsistency in the Award and to make all other determinations and take
such other actions with respect to the Award as the Committee may deem advisable to the extent not inconsistent with the provisions
of this Agreement or applicable law.

 

     

     

    

 

2.5     Indemnification.
In addition to such other rights of indemnification as they may have as members of the Board or the Committee or as officers or
employees of the Participating Company Group, to the extent permitted by applicable law, members of the Board or the Committee
and any officers or employees of the Participating Company Group to whom authority to act for the Board, the Committee or the Company
is delegated shall be indemnified by the Company against all reasonable expenses, including attorneys’ fees, actually and
necessarily incurred in connection with the defense of any action, suit or proceeding, or in connection with any appeal therein,
to which they or any of them may be a party by reason of any action taken or failure to act under or in connection with the Award,
and against all amounts paid by them in settlement thereof (provided such settlement is approved by independent legal counsel selected
by the Company) or paid by them in satisfaction of a judgment in any such action, suit or proceeding, except in relation to matters
as to which it shall be adjudged in such action, suit or proceeding that such person is liable for gross negligence, bad faith
or intentional misconduct in duties; provided, however, that within sixty (60) days after the institution of such action, suit
or proceeding, such person shall offer to the Company, in writing, the opportunity at its own expense to handle and defend the
same.

 

3.    The
Award.

 

3.1     Grant
of Units. On the Grant Date, the Participant shall acquire, subject to the provisions of this Agreement, the Number of Restricted
Stock Units set forth in the Grant Notice, subject to adjustment as provided in Section 3.3 below and Section 9 hereof. Each
Unit represents a right to receive on a date determined in accordance with the Grant Notice and this Agreement one (1) share of
Stock for each Vested Unit.

 

3.2     No
Monetary Payment Required. The Participant is not required to make any monetary payment (other than applicable tax withholding,
if any) as a condition to receiving the Units or shares of Stock issued upon settlement of the Units, the consideration for which
shall be past services actually rendered and/or future services to be rendered to a Participating Company for its benefit. Notwithstanding
the foregoing, if required by applicable state corporate law, the Participant shall furnish consideration in the form of cash or
past services rendered having a value not less than the par value of the shares of Stock issued upon settlement of the Units.

 

3.3     Dividend
Equivalent Units. In addition to the award of Units, this Award also provides for the award of Dividend Equivalent Rights as
set forth below. On the date that the Company pays a cash dividend to holders of Stock generally, the Participant shall be credited
with a number of additional whole “Dividend Equivalent Units” determined by dividing (a) the product of (i) the
dollar amount of the cash dividend paid per share of Stock on such date and (ii) the sum of the Total Number of Units and the number
of Dividend Equivalent Units previously credited to the Participant pursuant to the Award and which have not been settled or forfeited
pursuant to the Company Reacquisition Right (as defined in Section 5 below) as of such date, by (b) the Fair Market Value
per share of Stock on such date. Any resulting fractional Dividend Equivalent Unit shall be rounded down to the nearest whole number.
Such additional Dividend Equivalent Units shall be subject to the same terms and conditions and shall be settled or forfeited in
the same manner and at the same time as the Restricted Stock Units originally subject to the Award with respect to which they have
been credited.

 

     

     

    

  

4.    Vesting
of Units.

 

The Units shall vest
and become Vested Units as provided in the Grant Notice. Dividend Equivalent Units shall become Vested Units at the same time as
the Restricted Stock Units originally subject to the Award with respect to which they have been credited.

 

5.    Company
Reacquisition Right.

 

5.1     Grant
of Company Reacquisition Right. Except to the extent otherwise provided in an employment agreement between a Participating
Company and the Participant, in the event that the Participant’s
Service terminates for any reason or no reason, with or without Cause, the Participant shall forfeit and the Company shall automatically
reacquire all Units which are not, as of the time of such termination, Vested Units (“Unvested Units”),
and the Participant shall not be entitled to any payment therefor (the “Company Reacquisition Right”).

 

5.2     Ownership
Change Event, Non-Cash Dividends, Distributions and Adjustments. Upon the occurrence of an Ownership Change Event, a
dividend or distribution to the stockholders of the Company paid in shares of Stock or other property, or any other adjustment
upon a change in the capital structure of the Company as described in Section 9 hereof, any and all new, substituted or additional
securities or other property (other than regular, periodic cash dividends paid on Stock pursuant to the Company’s dividend
policy, which shall be treated in accordance with Section 3.3) to which the Participant is entitled by reason of the Participant’s
ownership of Unvested Units shall be immediately subject to the Company Reacquisition Right and included in the terms “Units”
and “Unvested Units” for all purposes of the Company Reacquisition Right with the same force and effect as the Unvested
Units immediately prior to the Ownership Change Event, dividend, distribution or adjustment, as the case may be. For purposes of
determining the number of Vested Units following an Ownership Change Event, dividend, distribution or adjustment, credited Service
shall include all Service with any corporation which is a Participating Company at the time the Service is rendered, whether or
not such corporation is a Participating Company both before and after any such event.

 

6.    Settlement
of the Award.

 

6.1     Issuance
of Shares of Stock. Subject to the provisions of Section 6.3 below, the Company shall issue to the Participant
on the Settlement Date with respect to each Vested Unit to be settled on such date one (1) share of Stock. Shares of Stock issued
in settlement of Units shall not be subject to any restriction on transfer other than any such restriction as may be required pursuant
to Section 6.3, Section 7 or any Trading Compliance Policy.

 

6.2     Beneficial
Ownership of Shares; Certificate Registration. The Participant hereby authorizes the Company, in its sole discretion,
to deposit for the benefit of the Participant with the broker designated by the Company with which the Participant has an account,
any or all shares of Stock acquired by the Participant pursuant to the settlement of the Award. Except as provided by the preceding
sentence, a certificate for the shares of Stock as to which the Award is settled shall be registered in the name of the Participant,
or, if applicable, in the names of the heirs of the Participant.

 

     

     

    

 

6.3     Postponement
of Settlement Date. Notwithstanding the provisions set forth in Section 6.1, in the event that a Settlement Date with respect
to a Vesting Date would occur on a date on which a sale by the Participant of the shares of Stock to be issued in settlement of
the Units on such Settlement Date would violate the Trading Compliance Policy, such Settlement Date shall be postponed until the
first to occur of (a) the next business day on which a sale by the Participant of such shares of Stock would not violate the Trading
Compliance Policy; and (b) March 15th of the calendar year following the calendar year in which the Vesting Date occurred.

 

6.4     Restrictions
on Grant of the Award and Issuance of Shares. The grant of the Award and issuance of shares of Stock upon settlement
of the Award shall be subject to compliance with all applicable requirements of federal, state or foreign law with respect to such
securities. No shares of Stock may be issued hereunder if the issuance of such shares of Stock would constitute a violation of
any applicable federal, state or foreign securities laws or other law or regulations or the requirements of any stock exchange
or market system upon which the shares of Stock may then be listed. The inability of the Company to obtain from any regulatory
body having jurisdiction the authority, if any, deemed by the Company’s legal counsel to be necessary to the lawful issuance
of any shares subject to the Award shall relieve the Company of any liability in respect of the failure to issue such shares of
Stock as to which such requisite authority shall not have been obtained. As a condition to the settlement of the Award, the Company
may require the Participant to satisfy any qualifications that may be necessary or appropriate, to evidence compliance with any
applicable law or regulation and to make any representation or warranty with respect thereto as may be requested by the Company.

 

6.5     Fractional
Shares. The Company shall not be required to issue fractional shares of Stock upon the settlement of the Award. Any
fractional share of Stock resulting from a settlement of the Award shall be rounded down to the nearest whole number.

 

7.    Tax
Withholding.

 

7.1     In
General. At the time the Grant Notice is executed, or at any time thereafter as requested by a Participating Company, the Participant
hereby authorizes withholding from payroll and any other amounts payable to the Participant, and otherwise agrees to make adequate
provision for, any sums required to satisfy the federal, state, local and foreign tax (including any social insurance) withholding
obligations of the Participating Company, if any, which arise in connection with the Award, the vesting of Units or the issuance
of shares of Stock in settlement thereof. The Company shall have no obligation to deliver shares of Stock until such tax withholding
obligations have been satisfied by the Participant.

 

7.2     Assignment
of Sale Proceeds; Payment of Tax Withholding by Check. Subject to compliance with applicable law and any Trading Compliance
Policy, the Company may permit the Participant to satisfy the tax withholding obligations in accordance with procedures established
by the Company providing for either (i) delivery by the Participant to the Company or a broker approved by the Company of
properly executed instructions, in a form approved by the Company, providing for the assignment to the Company of the proceeds
of a sale with respect to some or all of the shares of Stock being acquired upon settlement of Units, or (ii) payment by check.
The Participant shall deliver written notice of any such permitted election to the Company on a form specified by the Company for
this purpose at least thirty (30) days (or such other period established by the Company) prior to such Settlement Date. If the
Participant elects payment by check, the Participant agrees to deliver a check for the full amount of the required tax withholding
to the Company (or its Affiliates, if applicable) on or before the third business day following the Settlement Date. If the Participant
elects to payment by check but fails to make such payment as required by the preceding sentence, the Company is hereby authorized,
at its discretion, to satisfy the tax withholding obligations through any means authorized by this Section 7, including by directing
a sale for the account of the Participant of some or all of the shares of Stock being acquired upon settlement of Units from which
the required taxes shall be withheld, by withholding from payroll and any other amounts payable to the Participant or by withholding
shares of Stock in accordance with Section 7.3 below.

 

     

     

    

 

7.3     Withholding
in Shares. The Company may require the Participant to satisfy all or any portion of a Participating’ Company’s
tax withholding obligations by deducting from the shares of Stock otherwise deliverable to the Participant in settlement of the
Award a number of whole shares of Stock having a fair market value, as determined by the Company as of the date on which the tax
withholding obligations arise, not in excess of the amount of such tax withholding obligations determined by the applicable minimum
statutory withholding rates.

 

8.    Effect
of Change in Control.

 

8.1     In
the event of a Change in Control, the surviving, continuing, successor, or purchasing entity or parent thereof, as the case may
be (the “Acquiror”), may, without the consent of the Participant, assume or continue in full force and
effect the Company’s rights and obligations under all or any portion of the outstanding Units or substitute for all or any
portion of the outstanding Units substantially equivalent rights with respect to the Acquiror’s stock.

 

8.2     Notwithstanding
the foregoing, if the Units are not assumed, substituted for, or otherwise continued by the Acquiror, the Units shall vest in full
effective immediately prior to, but contingent upon, the consummation of the Change in Control; provided, however, Vesting
Conditions based on performance goals shall only become vested based on actual results measured against the performance goals set
forth in the Notice of Grant as of the Change in Control, and thereafter, the Award shall terminate. Subject to compliance with
Section 409A of the Code, such Units shall be settled upon becoming Vested Units.

 

9.    Adjustments
for Changes in Capital Structure.

 

Subject to any required
action by the stockholders of the Company and the requirements of Section 409A of the Code to the extent applicable, in the event
of any change in the Stock effected without receipt of consideration by the Company, whether through merger, consolidation, reorganization,
reincorporation, recapitalization, reclassification, stock dividend, stock split, reverse stock split, split-up, split-off, spin-off,
combination of shares, exchange of shares, or similar change in the capital structure of the Company, or in the event of payment
of a dividend or distribution to the stockholders of the Company in a form other than Stock (excepting normal cash dividends) that
has a material effect on the Fair Market Value of shares of Stock, appropriate and proportionate adjustments shall be made in the
number of Units subject to the Award and/or the number and kind of shares to be issued in settlement of the Award, in order to
prevent dilution or enlargement of the Participant’s rights under the Award. For purposes of the foregoing, conversion of
any convertible securities of the Company shall not be treated as “effected without receipt of consideration by the Company.”
Any and all new, substituted or additional securities or other property (other than regular, periodic cash dividends paid on Stock
pursuant to the Company’s dividend policy, which shall be treated in accordance with Section 3.3) to which the Participant
is entitled by reason of the grant of Units acquired pursuant to this Award will be immediately subject to the provisions of this
Award on the same basis as all Units originally acquired hereunder. Any fractional Unit or share resulting from an adjustment pursuant
to this Section shall be rounded down to the nearest whole number. Such adjustments shall be determined by the Committee, and its
determination shall be final, binding and conclusive.

 

     

     

    

  

10.    Rights
as a Stockholder or Employee.

 

The Participant shall
have no rights as a stockholder with respect to any shares of Stock which may be issued in settlement of this Award until the date
of the issuance of a certificate for such shares of Stock (as evidenced by the appropriate entry on the books of the Company or
of a duly authorized transfer agent of the Company). No adjustment shall be made for dividends, distributions or other rights for
which the record date is prior to the date such certificate is issued, except as provided in Section 3.3 and Section 9.
If the Participant is an Employee, the Participant understands and acknowledges that, except as otherwise provided in a separate,
written employment agreement between a Participating Company and the Participant, the Participant’s employment is “at
will” and is for no specified term. Nothing in this Agreement shall confer upon the Participant any right to continue in
the Service of a Participating Company or interfere in any way with any right to terminate the Participant’s Service at any
time.

 

11.    Legends.

 

The Company may at any
time place legends referencing any applicable federal, state or foreign securities law restrictions on all certificates representing
shares of Stock issued pursuant to this Agreement. The Participant shall, at the request of the Company, promptly present to the
Company any and all certificates representing shares of Stock acquired pursuant to this Award in the possession of the Participant
in order to carry out the provisions of this Section.

 

12.    Compliance
with Section 409A.

 

It is intended that any
election, payment or benefit which is made or provided pursuant to or in connection with this Award that may result in Section
409A Deferred Compensation shall comply in all respects with the applicable requirements of Section 409A (including applicable
regulations or other administrative guidance thereunder, as determined by the Committee in good faith) to avoid the unfavorable
tax consequences provided therein for non-compliance. In connection with effecting such compliance with Section 409A, the following
shall apply:

 

12.1       Separation
from Service; Required Delay in Payment to Specified Employee. Notwithstanding anything set forth herein to the contrary, no
amount payable pursuant to this Agreement on account of the Participant’s termination of Service which constitutes a “deferral
of compensation” within the meaning of the Treasury Regulations issued pursuant to Section 409A of the Code (the “Section
409A Regulations”) shall be paid unless and until the Participant has incurred a “separation from service”
within the meaning of the Section 409A Regulations. Furthermore, to the extent that the Participant is a “specified employee”
within the meaning of the Section 409A Regulations as of the date of the Participant’s separation from service, no amount
that constitutes a deferral of compensation which is payable on account of the Participant’s separation from service shall
be paid to the Participant before the date (the “Delayed Payment Date”) which is first day of the seventh
month after the date of the Participant’s separation from service or, if earlier, the date of the Participant’s death
following such separation from service. All such amounts that would, but for this Section, become payable prior to the Delayed
Payment Date will be accumulated and paid on the Delayed Payment Date.

 

     

     

    

 

12.2       Other
Changes in Time of Payment. Neither the Participant nor the Company shall take any action to accelerate or delay the payment
of any benefits which constitute a “deferral of compensation” within the meaning of Section 409A Regulations in any
manner which would not be in compliance with the Section 409A Regulations.

 

12.3       Amendments
to Comply with Section 409A; Indemnification. Notwithstanding any other provision of this Agreement to the contrary, the Company
is authorized to amend this Agreement, to void or amend any election made by the Participant under this Agreement and/or to delay
the payment of any monies and/or provision of any benefits in such manner as may be determined by the Company, in its discretion,
to be necessary or appropriate to comply with the Section 409A Regulations without prior notice to or consent of the Participant.
The Participant hereby releases and holds harmless the Company, its directors, officers and stockholders from any and all claims
that may arise from or relate to any tax liability, penalties, interest, costs, fees or other liability incurred by the Participant
in connection with the Award, including as a result of the application of Section 409A.

 

12.4       Advice
of Independent Tax Advisor. The Company has not obtained a tax ruling or other confirmation from the Internal Revenue Service
with regard to the application of Section 409A to the Award, and the Company does not represent or warrant that this Agreement
will avoid adverse tax consequences to the Participant, including as a result of the application of Section 409A to the Award.
The Participant hereby acknowledges that he or she has been advised to seek the advice of his or her own independent tax advisor
prior to entering into this Agreement and is not relying upon any representations of the Company or any of its agents as to the
effect of or the advisability of entering into this Agreement.

 

13.    Miscellaneous
Provisions.

 

13.1       Termination
or Amendment. The Committee may terminate or amend the this Agreement at any time, however, no amendment or addition to this
Agreement shall be effective unless in writing and, to the extent such amendment is necessary to comply with applicable law or
government regulation (including, but not limited to Section 409A), may be made without the consent of the Participant.

 

13.2       Nontransferability
of the Award. Prior to the issuance of shares of Stock on the applicable Settlement Date, neither this Award nor any Units
subject to this Award shall be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge,
encumbrance, or garnishment by creditors of the Participant or the Participant’s beneficiary, except transfer by will or
by the laws of descent and distribution. All rights with respect to the Award shall be exercisable during the Participant’s
lifetime only by the Participant or the Participant’s guardian or legal representative.

 

     

     

    

 

13.3       Further
Instruments. The parties hereto agree to execute such further instruments and to take such further action as may reasonably
be necessary to carry out the intent of this Agreement.

 

13.4       Binding
Effect. This Agreement shall inure to the benefit of the successors and assigns of the Company and, subject to the restrictions
on transfer set forth herein, be binding upon the Participant and the Participant’s heirs, executors, administrators, successors
and assigns.

 

13.5       Delivery
of Documents and Notices. Any document relating to this Award or any notice required or permitted hereunder shall be given
in writing and shall be deemed effectively given (except to the extent that this Agreement provides for effectiveness only upon
actual receipt of such notice) upon personal delivery, electronic delivery at the e-mail address, if any, provided for the Participant
by a Participating Company, or upon deposit in the U.S. Post Office or foreign postal service, by registered or certified mail,
or with a nationally recognized overnight courier service, with postage and fees prepaid, addressed to the other party at the address
shown below that party’s signature to the Grant Notice or at such other address as such party may designate in writing from
time to time to the other party.

 

(a)    Description
of Electronic Delivery. The Grant Notice, this Agreement, the Prospectus, and any reports of the Company provided generally
to the Company’s stockholders, may be delivered to the Participant electronically. In addition, the Participant may deliver
electronically the Grant Notice to the Company or to such third party involved in administering the Award as the Company may designate
from time to time. Such means of electronic delivery may include but do not necessarily include the delivery of a link to a Company
intranet or the Internet site of a third party involved in administering the Award, the delivery of the document via e-mail or
such other means of electronic delivery specified by the Company.

 

(b)    Consent
to Electronic Delivery. The Participant acknowledges that the Participant has read Section 13.5(a) of this Agreement and
consents to the electronic delivery of the Grant Notice and related documents, as described in Section 13.5(a). The Participant
acknowledges that he or she may receive from the Company a paper copy of any documents delivered electronically at no cost to the
Participant by contacting the Company by telephone or in writing. The Participant further acknowledges that the Participant will
be provided with a paper copy of any documents if the attempted electronic delivery of such documents fails. Similarly, the Participant
understands that the Participant must provide the Company or any designated third party administrator with a paper copy of any
documents if the attempted electronic delivery of such documents fails. The Participant may revoke his or her consent to the electronic
delivery of documents described in Section 13.5(a) or may change the electronic mail address to which such documents are to
be delivered (if Participant has provided an electronic mail address) at any time by notifying the Company of such revoked consent
or revised e-mail address by telephone, postal service or electronic mail. Finally, the Participant understands that he or she
is not required to consent to electronic delivery of documents described in Section 13.5(a).

 

     

     

    

  

13.6       Integrated
Agreement. The Grant Notice, this Agreement and the Prospectus, together with any employment, service or other agreement between
the Participant and a Participating Company referring to the Award, shall constitute the entire understanding and agreement of
the Participant and the Participating Company Group with respect to the subject matter contained herein or therein and supersede
any prior agreements, understandings, restrictions, representations, or warranties among the Participant and the Participating
Company Group with respect to such subject matter other than those as set forth or provided for herein or therein. To the extent
contemplated herein or therein, the provisions of the Grant Notice and this Agreement shall survive any settlement of the Award
and shall remain in full force and effect.

 

13.7       Applicable
Law. This Agreement shall be construed and enforced in accordance with the laws of the State of Delaware, without giving effect
to the conflict of law principles thereof. For the purpose of litigating any dispute that arises under this Agreement, the parties
hereby consent to exclusive jurisdiction in California and agree that such litigation shall be conducted in the courts of San Francisco
County, California or the federal courts of the United States for the Northern District of California.

 

13.8       Counterparts.
The Grant Notice may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute
one and the same instrument.

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