Document:

Exhibit 10.3

 Exhibit 10.3 
 FSI INTERNATIONAL, INC. 
 2008 OMNIBUS STOCK PLAN 

(As Amended and Restated January 2012) 
 Restricted Stock Award Agreement 
 FSI International, Inc. (the
“Company”), pursuant to Section 7 of its 2008 Omnibus Incentive Plan (as amended and restated January 2012) (the “Plan”), hereby grants an award of Restricted Stock to you, the Participant named below. The terms and
conditions of this restricted stock Award are set forth in this Restricted Stock Award Agreement (the “Agreement”), consisting of this cover page and the Terms and Conditions on the following pages, and in the Plan document which is
attached. To the extent any capitalized term used in this Agreement is not defined, it shall have the meaning assigned to it in the Plan as it currently exists or as it is amended in the future. 

 

			
	Name of Participant:	  	
	Number of Shares:	  	Grant Date:
	Award Date Stock Price:	  	Expiration Date:
	Award Vesting Schedule: 	  	
		
	                             
                                         
       Vesting Dates                        	  	                     No. of
Awards

                        
Vesting

 By signing below, you agree to all of the terms and conditions contained in this Agreement and in the
Plan document. You acknowledge that you have reviewed these documents and that they set forth the entire agreement between you and the Company regarding the grant to you of the number of Shares of Restricted Stock specified in the table above.

  

					
	PARTICIPANT:	 		 	FSI INTERNATIONAL, INC.
			
	                             
                                         
                                         
            	 		 	By:                             
                                         
                                         
     
		 		 	Title:                            
                                         
                                         
  

 FSI INTERNATIONAL,INC. 

2008 OMNIBUS STOCK PLAN 
 RESTRICTED STOCK AWARD AGREEMENT 
 Terms and Conditions

  

	1.	Grant of Restricted Stock Units. The Company hereby grants to you, subject to the terms and conditions in this Agreement and the Plan, an Award of the
number of Shares of Restricted Stock specified on the cover page of this Agreement (the “Restricted Shares”). 

  

	2.	Issuance of Restricted Shares. Until the Restricted Shares vest as provided in Section 4, the Restricted Shares will be evidenced either by a
book-entry in your name with the Company’s transfer agent or by one or more stock certificates issued in your name. Any such stock certificate(s) will be deposited with the Company or its designee and will bear the following legend:

 “This Certificate and the shares of stock evidenced hereby are subject to the terms and conditions
(including possible forfeiture and restrictions on transfer) contained in the Restricted Stock Award Agreement (the “Agreement”) between the registered owner of the shares evidenced hereby and the Company. Release from such terms and
conditions shall be made only in accordance with the provisions of the Agreement, a copy of which is on file in the office of the Company’s Secretary.” 
 Any book-entry will be accompanied by a similar legend and shall be subject to such stop-transfer orders and other restrictions as the Company may deem advisable. Simultaneously with the execution and
delivery of this Agreement, you shall deliver to the Company one or more stock powers endorsed in blank relating to the Restricted Shares. 
  

	3.	Rights as Shareholder. Until the Restricted Shares vest as provided in Section 4, you are not entitled to sell, transfer, assign, pledge or otherwise
encumber or dispose of the Restricted Shares, and the Restricted Shares remain subject to possible forfeiture as provided in Section 5. Except as otherwise provided in this Agreement, you are entitled at all times on and after the Grant Date
specified on the cover page of this Agreement to all the rights of a shareholder with respect to the Restricted Shares, including the right to vote the Restricted Shares and the right to receive regular cash dividends thereon (subject to applicable
tax withholding). 

  

	4.	Vesting of Restricted Shares. 

 (a) Scheduled Vesting. If you remain employed by the Company or any of its Affiliates continuously from the Grant Date, then the Restricted Shares will vest in the numbers and on the dates
specified in the Vesting Schedule on the cover page of this Agreement. 
 (b) Accelerated Vesting. Notwithstanding
Section 4(a), the Restricted Shares will vest in full upon the occurrence of any of the following events, so long as you were continuously employed by the Company or any of its Affiliates from the Grant Date until the specified event occurred:
(i) you become permanently and totally disabled (as defined in Code Section 22(e)(3)); (ii) you die; or (iii) an Event occurs. 
  

	5.	Effect of Termination of Employment. Except as otherwise provided in accordance with Section 4(b), if you cease to be employed by the Company and its
Affiliates prior to the final Vesting Date specified on the cover page of this Agreement, you will forfeit all unvested Restricted Shares. 

  
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	6.	Delivery of Unrestricted Shares. After any Restricted Shares vest pursuant to Section 3, and subject to compliance with the tax withholding
provisions of Section 7 and all other applicable legal requirements, the Company shall, as soon as practicable, cause to be delivered to you, or to your designated beneficiary or estate in the event of your death, the applicable number of
unrestricted Shares. Delivery of the unrestricted Shares shall be effected by the removal of restrictions on the book-entry in the stock register maintained by the Company’s transfer agent with a corresponding notice provided to you, by the
electronic delivery of the Shares to a brokerage account you designate, or by delivery to you of a stock certificate without restrictive legend. Unrestricted Shares delivered pursuant to this Agreement remain subject to the forfeiture provisions of
Section 9. 

  

	7.	Tax Withholding. The Company will notify you of the amount of any federal, state or local withholding taxes that must be paid in connection with any
vesting of the Restricted Shares (or in connection with the grant of the Restricted Shares if you make the election described in Section 8). You must immediately pay this amount in cash to the Company upon the receipt of the Company’s
notice, and you hereby authorize the Company, in its discretion, to deduct all or any part of such amount from your regular salary payments or other compensation otherwise due and owing to you. If you wish to satisfy some or all of such required
withholding taxes by delivering Shares you already own or by having the Company retain a portion of the unrestricted Shares that would otherwise be delivered to you, you must make such a request as contemplated by Section 14 of the Plan, which
request shall be subject to approval by the Committee or its authorized delegate. The Company may withhold the delivery to you of any and all unrestricted Shares to which you are otherwise entitled under this Agreement until and unless you have
satisfied the applicable tax withholding obligations. 

  

	8.	83(b) Election. You may make and file with the Internal Revenue Service an election under Section 83(b) of the Code with respect to the grant of the
Restricted Shares, electing to include in your gross income as of the Grant Date the Fair Market Value of the Restricted Shares as of the Grant Date. You shall promptly provide a copy of such election to the Company. If you make and file such an
election, you shall make such arrangements in accordance with Section 7 as are satisfactory to the Company to provide for the payment of all applicable withholding taxes. 

 

	9.	Cancellation and Rescission. Notwithstanding any other provision of this Agreement, this Restricted Stock Award is subject to Section 18 of the Plan,
and both the issuance of Restricted Shares as provided in Section 2 of this Agreement and the delivery of unrestricted Shares pursuant to Section 6 of this Agreement shall be deemed the “payment or delivery of Shares” for
purposes of Section 18.2 of the Plan. 

  

	10	Governing Plan Document. This Agreement and the Award are subject to all the provisions of the Plan, and to all interpretations, rules and regulations
which may, from time to time, be adopted and promulgated by the Committee pursuant to the Plan. If there is any conflict between the provisions of this Agreement and the Plan, the provisions of the Plan will govern. All decisions and interpretations
made by the Committee with regard to any question arising hereunder or under the Plan shall be binding and conclusive upon the Company and you. 

  

	11.	Choice of Law. This Agreement will be interpreted and enforced under the laws of the state of Minnesota (without regard to its conflicts or choice of law
principles). 

  

	12.	Binding Effect. This Agreement will be binding in all respects on your heirs, representatives, successors and assigns, and on the successors and assigns
of the Company. 

  
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	13.	Discontinuance of Service. This Agreement does not give you a right to continued employment with the Company or any Affiliate, and the Company or any such
Affiliate may terminate your employment at any time and otherwise deal with you without regard to the effect it may have upon you under this Agreement. 

 By signing the cover page of this Agreement, you agree to all the terms and conditions described above and in the Plan document. 

  
 4Exhibit 10.4

 Exhibit 10.4 
 FSI INTERNATIONAL, INC. 
 2008 OMNIBUS STOCK PLAN 

(As Amended and Restated January 2012) 
 STOCK OPTION AGREEMENT FOR NON-EMPLOYEE DIRECTOR 
 FSI International, Inc.
(the “Company”), pursuant to Section 9.3 of its 2008 Omnibus Incentive Plan (as amended and restated January 2012) (the “Plan”), hereby grants to the Non-Employee Director named below (“Optionee”) an Option to
purchase the number of shares of the Company’s common stock shown below. The terms and conditions of this Option Award are set forth in this Stock Option Agreement (the “Agreement”), consisting of Option Award Table below and the
Terms and Conditions on the following pages, and in the Plan document which will either be provided with the Company letter advising you of the grant or will be accessible on the Solium Capital (The “Third Party”) plan administrators web
site under the subheading “Shareworks”. To the extent any capitalized term used in this Agreement is not defined, it shall have the meaning assigned to it in the Plan as it currently exists or as it is amended in the future. 

Option Award Table 
  

			
	Full Name of Non-Employee Director:
	Grant Name:	  	
	No. of Shares Covered:	  	Grant Date:
	Exercise Price Per Share:	  	Expiration Date:
	 Type of Award:  ̈ Initial Non-Employee Director Option

                         
            ̈ Annual Non-Employee Director Option

	Vesting Schedule Table:	  	
	Option Vesting Schedule
		  	                        No. of Shares
	Vesting
Date                        	  	                            
Vesting

 By accepting these Options the Optionee agrees to all of the terms and conditions contained in this
Agreement and in the Plan document. The Optionee acknowledges having reviewed these documents and that they set forth the entire agreement between the Optionee and the Company regarding the Optionee’s right to purchase shares of the
Company’s common stock pursuant to this Option. 

 RECITALS 
 Whereas, the Company maintains the FSI International, Inc. 2008 Omnibus Stock Option Plan (the “Plan”); and 
 Whereas, the Company has appointed a committee (the “Committee”) with the authority to determine the awards to be granted under the Plan, subject to the authorization by the Compensation
Committee of the aggregate number of Option available for grant; and 
 Whereas, the Committee, or its designee, has determined that the
Optionee is eligible to receive an award under the Plan in the form of a Stock Option (the”Option”) and has set the terms and conditions thereof. 
 Now Therefore, this Option is issued to the Optionee under the terms and conditions set by the Committee as follows. 
 TERMS AND CONDITIONS 
 1. Exercise Price. The purchase price of each
of the Shares subject to the Option shall be the Exercise Price Per Share specified on the cover page of this Agreement, which price was determined in accordance with the Plan. 
 2. Non-Statutory Stock Option. This Option is not intended to be an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended
(the “Code”), and will be interpreted accordingly. 
 3. Vesting and Exercise. The Option shall vest and become
exercisable according to the Option Award Table of this Agreement, so long as the Optionee’s service to the Company has not ended. For purposes of this Agreement, whether the Optionee’s service to the Company continues shall be determined
in accordance with Section 9.3(f)(3) of the Plan. Notwithstanding the foregoing, the Option shall immediately vest and become exercisable in full upon the occurrence of an Event or upon the termination of the Optionee’s service to the
Company as a result of death or Disability (as defined below). 
 4. Expiration. This Option shall expire at 4:00 Central Time on
the earliest of (i) the Expiration Date specified in the Option Award Table of this Agreement, (ii) the last day of any period following the Optionee’s termination of service to the Company during which this Option can be exercised
(as specified in Section 5 of this Agreement); or (iii) the date (if any) fixed for cancellation pursuant to Section 17(b) of the Plan. 
 5. Continued Service Requirement. Except as otherwise provided in this Section 5, this Option may be exercised only while the Optionee continues to provide service to the Company.

 (a) Death of Optionee. If the Optionee’s service to the Company terminates because of the Optionee’s death,
the Option may be exercised at any time within 12 months following the date of death (but in no instance later than the Expiration Date specified in the Option Vesting Schedule of this Agreement) by the Optionee’s estate or by a person who
acquired the right to exercise the Option by bequest or inheritance (a “Successor”). 
 (b) Disability of
Optionee. If the Optionee’s service to the Company terminates due to total and permanent disability (as defined in Section 22(e)(3) of the Code or its successor provision) (“Disability”), the Optionee may exercise the
Option within 12 months from the date of such termination (but in no event later than the Expiration Date specified in the Option Vesting Schedule of this Agreement). 
 (c) Other Termination. If the Optionee’s service to the Company terminates other than because of the Optionee’s death or Disability, the Optionee may exercise the Option to the extent it
was exercisable immediately prior to such termination within 90 days from the date of such termination (but in no event later than the Expiration Date specified in the Option Vesting Schedule of this Agreement). 

  
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 6. Procedure to Exercise Option. 

(a) Notice of Exercise. This Option may be exercised by following the instructions for exercising Options outlined on the Third
Party website or contained in the package of materials provided with this award. If the person exercising this Option is not the Optionee, he or she also must submit appropriate proof of his or her right to exercise this Option. 

(b) Tender of Payment. When the Options are exercise payment of the full purchase price of the Shares being purchased through one
or a combination of the following methods: 
  

	 	(i)	Payment by check, bank draft or money order payable to the Company; 

  

	 	(ii)	To the extent permitted by the Committee, by means of a broker-assisted cashless exercise in which the person exercising the Option irrevocably instructs his or her
broker to deliver proceeds of a sale of all or a portion of the Shares to be issued pursuant to the exercise to the Company in payment of the exercise price of such Shares; or 

 

	 	(iii)	By delivery to the Company of Shares (by actual delivery or attestation of ownership in a form approved by the Company) already owned by the person exercising the
Option that are not subject to any security interest and that have an aggregate Fair Market Value on the date of exercise equal to the full purchase price of the Shares being purchased (the Optionee shall duly endorse in blank any certificates
delivered and shall represent and warrant in writing that he or she is the owner of the Shares so delivered free and clear of all liens, security interests and other restrictions or encumbrances). 

(c) Delivery of Shares. As soon as practicable after the Company receives a properly executed notice and the purchase price
provided for above, and has determined that all conditions to exercise have been satisfied, it shall deliver to the person exercising the Option, in the name of such person, the Shares being purchased, as evidenced by issuance of a stock certificate
or certificates, electronic delivery of such Shares to a brokerage account designated by such person, or book-entry registration of such Shares with the Company’s transfer agent. The Company shall pay any original issue or transfer taxes with
respect to the issue or transfer of the Shares and all fees and expenses incurred by it in connection therewith. All Shares so issued shall be fully paid and nonassessable. 
 7. Transfer of Option. The Option may be transferred only for no consideration to a Successor or to a Transferee, as defined in the Plan. 

8. No Rights as Shareholder. No person shall have any of the rights of a shareholder of the Company with respect to any shares subject to
the Option until the shares are actually issued upon the proper exercise of the Option. 
 9. The Plan. This Option is subject to
all of the terms and conditions contained in the Plan, and the Plan is hereby incorporated by reference into this Agreement. If there is any inconsistency between the provisions of this Agreement and the Plan, the provisions of the Plan shall
govern. 
 10. Governing Law. This Agreement is entered into under the laws of the State of Minnesota and shall be construed and
interpreted thereunder (without regard to its conflicts of law principles). 
 11. Binding Effect. This Agreement shall be binding
in all respects on the heirs, representatives, successors and assigns (including a Successor) of the Optionee, and upon the successors and assigns of the Company. 
 By accepting the Agreement on the Third Party web site, the Optionee agrees to all the terms and conditions described above and in the Plan document. 

  
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