Document:

Form of Restricted Share Unit Terms of Award

 Exhibit 10.2 
 RESTRICTED SHARE UNIT 
 TERMS OF AWARD 

UNDER 

STEREOTAXIS, INC. 2012 STOCK INCENTIVE PLAN 
 On August 22, 2012 (“Grant Date”), the Company granted to Awardee an Award of restricted share units (“RSUs”) under the Stereotaxis, Inc. 2012 Stock Incentive Plan, as amended the
(“Plan”). The date of grant and the number of RSUs covered by this Award are set forth in the Award letter Awardee received from the Company (“Statement”). The Statement and these Terms of Award collectively constitute the terms
and conditions of the Award for the RSUs and describe the conditions applicable to such Awards. 
 1. Award Subject to
Plan. This Award is granted under and is expressly subject to, all the terms and provisions of the Plan, which terms are incorporated herein by reference 
 2. Definitions. All capitalized terms not otherwise defined herein shall have the meaning set forth in the Plan. The following terms shall have the following meanings, except where otherwise
noted: 
 (a) “Cause” means Awardee’s fraud or willful misconduct as determined by the
Committee. 
 (b) “Change of Control” means the occurrence of one or more of the following:

 (i) The purchase or other acquisition (other than from the Company) by any person, entity or group of
persons, within the meaning of Section 13(d) or 14(d) of the Act (excluding, for this purpose, the Company or its subsidiaries or any employee benefit plan of the Company or its subsidiaries), of beneficial ownership (within the meaning of Rule
13d-3 promulgated under the Act) of 35% or more of either the then-outstanding shares of common stock of the Company or the combined power of the Company’s then-outstanding voting securities entitled to vote generally in the election of
directors; 
 (ii) Individuals who, as of the date hereof, constitute the Board (as of the date hereof, the
“Incumbent Board”) cease for any reason to constitute at least a majority of the Board, provided that any person who becomes a director subsequent to the date hereof whose election, or nomination for election by the Company’s
shareholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board (other than an individual whose initial assumption of office is in connection with an actual or threaten election contest relating to
the election of directors of the Company, as such terms are used in Rule 14a-11 of Regulation 14A promulgated under the Act) shall be, for purposes of this section, considered as though such person were a member of the Incumbent Board; or

 (iii) The consummation of a reorganization, merger or consolidation, in
each case with respect to which persons who were the stockholders of the Company immediately prior to such reorganization, merger or consolidation do not, immediately thereafter, own more than 50% of, respectively, the common stock and the combined
voting power entitled to vote generally in the election of directors of the reorganized, merged or consolidated corporation’s then-outstanding voting securities, or of a liquidation or dissolution of the Company or of the sale of all or
substantially all of the assets of the Company. 
 (c) “Company” means Stereotaxis, Inc., a
Delaware corporation. 
 (d) “Disability” or “Disabled” means Awardee is
unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less
than twelve (12) months. Awardee shall be considered Disabled only if Awardee furnishes such proof of Disability as the Committee may require. 
 (e) “Good Reason” means: 
 (i) Requiring Awardee
to be based at any office or location more than 50 miles from Awardee’s office or location as of the date of the Change of Control; 
 (ii) The assignment to Awardee of any duties inconsistent in any respect with Awardee’s position (including status, offices, titles and reporting relationships), authority, duties or responsibilities
as of the date of the Change of Control or any action by the Company or any of its subsidiaries which results in a diminution in such position, authority, duties or responsibilities; or 

(iii) A material reduction in Awardee’s base compensation below the level in effect as of the date of the Change of
Control. 
 Notwithstanding the foregoing, Good Reason shall not be deemed to exist in connection with this
Section 2(e) unless: (x) the Awardee notifies the Company in writing of the condition allegedly giving rise to such Good Reason within 90 days of the initial existence of such condition, (y) the Company does not cure such condition
within 30 days of such notice, and (z) the Awardee terminates employment with the Company as a result of such Good Reason within 120 days of the initial existence of such condition. 

3. Grant of RSUs. Each RSU represents the right to receive one share of Common Stock, in certain circumstances as provided
in the Awardee’s Statement and this Terms of Award, following the date such RSU vests. Until such time (if any) as shares of stock are delivered to the Awardee, the Awardee will not have any of the rights of a common shareholder of the Company
with respect such shares. Awardee shall have no voting or dividend equivalent rights with respect to the RSUs. 

  
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 4. Vesting. The RSUs shall vest in four (4) equal annual installments on
each of the first four anniversaries of the Grant Date, subject to Sections 5 and 6 below. In the event of a Change of Control of the Company or within one year following such Change of Control, if the Awardee’s employment is involuntarily or
Awardee voluntarily terminates employment with the Company for Good Reason, all RSUs that are unvested at the time of such involuntary or Good Reason termination of employment shall vest immediately upon such termination of employment. 

5. Withholding. The Company shall withhold sufficient shares to satisfy the Company’s obligation to withhold for tax
requirements at the time of vesting of RSUs hereunder, as appropriate, if Awardee is at the time of vesting subject to the Company’s policies regarding restrictions on trading within specified trading “windows”, and the Company may,
in its sole discretion, so withhold if Awardee is not subject to such restrictions. In the event that the Company withholds shares as contemplated in this Section, the Awardee shall receive a net number of shares equal to the shares to which the
Awardee is otherwise entitled hereunder, less the number of shares withheld by the Company hereunder. In the event that the Company determines not to withhold shares for an Awardee who is not subject to the trading restrictions prior to the payment
or settlement of the Award, as appropriate, the Awardee must pay, or make arrangements acceptable to the Company for the payment of, any and all tax withholding that in the opinion of the Company is required by law. Such arrangements for payment of
withholding may include, for example, directing an appropriate broker to sell such number of shares as necessary to result in a cash amount equal to the withholding requirements. 

6. Termination of Service. 
 (a) In the event Awardee voluntarily terminates employment with the Company including as a result of Good Reason (other than in the case of Good Reason termination in connection with a Change of Control
as provided in Section 4 hereof), Awardee shall immediately forfeit any RSUs to the extent not vested upon the date of such voluntary termination of employment. 

(b) In the event Awardee’s employment with the Company is involuntarily terminated by the Company for Cause, Awardee
shall immediately forfeit any RSUs to the extent not vested upon the date of such involuntary termination of employment for Cause. 
 (c) In the event Awardee’s employment with the Company is involuntarily terminated by the Company on or after the first annual anniversary of the Grant Date for reasons other than Cause (other than
in the case of a Change of Control as provided in Section 4 hereof) or if Awardee’s employment with the Company is terminated due to death or Disability on or after the first annual anniversary of the Grant Date, any unvested RSUs shall
vest at the time of such termination of employment on a prorata basis determined by multiplying 2.0833% by the number of full and partial months since the Grant Date or, if later, the most recent annual vesting date, as applicable, during which
Awardee furnished services to the Company. Any RSUs that are outstanding at the time of such termination that do not vest pursuant to this Section 6(c) shall be forfeited. 

(d) Nothing herein shall confer on Awardee the right to continue as an employee of the Company or any subsidiary or
interfere in any way with the right of the Company or any subsidiary thereof to terminate Awardee’s employment at any time. 

  
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 7. RSUs Non-Transferable. RSUs awarded hereunder shall not be transferable by
the Awardee, except upon death by will or the laws of descent and distribution. Except as may be required by the federal income tax withholding provisions of the Code or by the tax laws of any State, the interests of the Awardee under this Agreement
are not subject to the claims of their creditors and may not be voluntarily or involuntarily sold, transferred, alienated, assigned, pledged, anticipated, or encumbered. Any attempt by the Awardee to sell, transfer, alienate, assign, pledge,
anticipate, encumber, charge or otherwise dispose of any right to benefits payable hereunder shall be void. 
 8. Delivery
of Shares. The Company shall deliver to the Awardee a number of shares equal to the number of RSUs (if any) that vest pursuant to this Award, subject to withholding as provided in Section 5 above. Such delivery shall take place as soon
as practicable following vesting of such RSUs, but in no event later than 30 days following such vesting. 
 9. Committee
Administration. These Awards have been granted pursuant to a determination made by the Committee, and such Committee or any successor or substitute committee authorized by the Board of Directors or the Board of Directors itself, subject to
the express terms of these Awards, shall have plenary authority to interpret any provision of this grant and to make any determinations necessary or advisable for the administration of this grant and the exercise of the rights herein granted, and
may waive or amend any provisions hereof in any manner not adversely affecting the rights granted to Awardee by the express terms hereof. 
 10. Effect of Award Certificate: Severability. This Award shall be binding upon and shall inure to the benefit of any successor of the Company. The invalidity or enforceability of any
provision of this Award shall not affect the validity of enforceability of any other provision of this Award. 
 11. Code
Section 409A. It is intended that the Award be exempt from the application of Code Section 409A as a “short term deferral”. Notwithstanding any provision in this Terms of Award to the contrary, any references to
termination of employment or date of termination herein shall mean and refer to “separation from service” and the date of such “separation from service” as that term is defined in Code Section 409A. 

  
 4Summary of Outside Directors' Compensation Program

 Exhibit 10.3 
 OUTSIDE DIRECTORS’ COMPENSATION PROGRAM 
 Summary of Outside Directors’
Compensation effective August 21, 2012: 
 Cash Compensation 
 The following cash compensation program for outside directors was approved by the Compensation Committee of the Board of Directors effective August 21, 2012. 

 

	•	Annual retainer for all directors, except the Chairman of the Board—$30,000 per year. 

 

	•	Annual retainer for the Chairman of the Board—$100,000 per year. 

 Equity Compensation 
 The following equity compensation program for outside directors was
approved by the Compensation Committee of the Board of Directors effective August 21, 2012. Annual equity awards granted to outside directors are automatically granted on the date of each respective Annual Shareholders’ meeting (except as
otherwise noted), beginning with the date of the 2012 Annual Shareholders’ meeting on August 22, 2012. However, the number of restricted share units granted to each director on August 22, 2012 was reduced by 25% of the number of
shares of restricted stock granted on January 3, 2012, in exchange for the reinstitution of each director’s full cash compensation that had been previously reduced by 50% for 2012. 

 

					
	 Grant Type
	  	Number of Shares1	 
	 Annual Grant (Except Chairman of the Board)
	  	 	10,000 Restricted Share Units	  
	 Chairman of the Board Annual Grant
	  	 	20,000 Restricted Share Units	  
	 New Director Grant2,3
	  	 	20,000 Restricted Share Units	  
	 Chairs of the Audit, Compensation and Nominating & Corporate Governance Committees
	  	 	2,000 Restricted Share Units	  

  

	1 	 Restricted Share Units granted annually to the directors will vest one year from the applicable date of grant, or on the date of the next Annual
Shareholders’ meeting, whichever is earlier. 

	2 	 Shares are to be granted on the date of such director’s appointment or election to the Board. 

	3 	 Restricted Share Units granted to any new director will vest over a period of two (2) years with 50% vesting on the first anniversary of the date
of the grant and the remaining 50% vesting on the second anniversary of the date of the grant.

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