Document:

EX-10.4

 Exhibit 10.4 
 DIRECTOR RESTRICTED STOCK UNIT AGREEMENT 
 THIS DIRECTOR RESTRICTED STOCK UNIT
AGREEMENT (“Agreement”) is made effective as of the grant date set forth below by and between SYNOVUS FINANCIAL CORP., a Georgia corporation (the “Corporation”), and
                                     (“Director”).

 WHEREAS, Director has been awarded Restricted Stock Units (“RSUs”) under the Corporation’s 2013 Omnibus
Plan (“Plan”). 
 NOW, THEREFORE, in accordance with the provisions of the Plan and this Agreement, Director
hereby agrees to the following terms and conditions: 
  

	1.	Grant of RSUs 

  

			
	 Director is hereby granted RSUs as follows:

		
	 Date of Grant:
	    	                    , 20    
		
	 Vesting Conditions:
	    	Please refer to Section 2 of this Agreement
		
	 Total Number of RSUs:
	    	                              

  

	2.	Vesting of RSUs 

(a)     Vesting Conditions.     If Director continues to serve on the Board of
Directors of the Corporation through the date(s) indicated in Column I below, the RSUs will become non-forfeitable (i.e., “vest”) to the extent indicated in Column II below: 

 

							
	 (I)
	 		    	 (II)
	  	
				
	If service continues through	 	then	    	the % of RSUs which vest is	  	
				
	                    , 200    	 		    	 100%
	  	
				
	[or]	 		    		  	
				
	                    , 200    	 		    	       %
	  	
				
	[or]	 		    		  	
				
	                    , 200    	 		    	       %
	  	
				
	[or]	 		    		  	
				
	                    , 200    	 		    	       %
	  	

 Such vesting will occur (to the extent indicated in Column (II) above) at the close of business on
the applicable date(s) indicated in Column (I) above. Any RSUs which are not vested on the date Director’s termination of service will be forfeited to the Corporation, unless the Board of Directors in its sole and exclusive discretion
determines otherwise. 

 (b)     Effect of Death (Other Than by Suicide) or
Disability.    If Director’s service with the Board of Directors of the Corporation terminates by reason of Director’s death (other than by suicide) or Disability, then any RSUs which are not vested at the time of
such termination will become vested automatically. 
 (c)     Effect of Attaining Age
72.    If Director’s service with the Board of Directors terminates due to Director’s attainment of age 72 pursuant to the provisions of the Corporation’s by-laws, then any RSUs which are not vested at the time
of such termination of service will become vested automatically. 
 (d)     No Forfeiture of Vested
RSUs.    Any RSUs which vest pursuant to the preceding provisions of this Section 2 will not thereafter be forfeited. 
 [(e)    Restrictions Upon Transfer.    The RSUs may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated, other than pursuant to a will
or the laws of descent and distribution, until the Corporation has repaid its obligations under the U.S. Treasury Department’s Capital Purchase Program under the Troubled Asset Relief Program (“TARP) as follows: (i) 25% of the RSUs
granted will become transferable at the time of repayment of 25% of the aggregate obligations of the Corporation under TARP; (ii) an additional 25% of the RSUs granted (for an aggregate total of 50% of the shares of RSUs granted) will become
transferable at the time of repayment of 50% of the aggregate obligations of the Corporation under TARP; (iii) an additional 25% of the shares of RSUs granted (for an aggregate total of 75% of the shares of RSUs granted) will become
transferable at the time of repayment of 75% of the aggregate obligations of the Corporation under TARP; and (iv) the remainder of the shares of RSUs granted will become transferable at the time of repayment of 100% of the aggregate obligations
of the Corporation under TARP. Any attempted disposition or transfer in violation of this Agreement and the Plan shall be null and void.] 
  

	3.	 Conversion of RSUs and Issuance of Shares 

 Upon vesting [and transferability] of the RSUs as set forth in Section 2, one share of the Corporation’s Common Stock shall be issued for each RSU that vests on such vesting date, subject to the terms and
conditions of this Agreement and the Plan. 
  

	4.	 Status of Director 

 The Director shall not be, or have rights as, a stockholder of the Corporation with respect to any of the shares of Common Stock subject to the RSUs unless the shares underlying the RSUs have been issued and
delivered to him or her. The Corporation shall not be required to issue or transfer any certificates for shares of Common Stock for the RSUs until all applicable requirements of law have been complied with and such shares have been duly listed on
any securities exchange on which the Common Stock may then be listed. 

  
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	5.	Dividend Equivalents 

 The
RSUs will be credited with dividend equivalents equal to amount of cash dividend payments that would have otherwise been paid if the shares of the Corporation’s Common Stock represented by the RSUs (including deemed reinvested additional shares
attributable to the RSUs pursuant to this paragraph) were actually outstanding. These dividend equivalents will be deemed to be reinvested in additional shares of the Corporation’s Common Stock determined by dividing the deemed cash dividend
amount by the Fair Market Value (as defined in the Plan) of a share of the Corporation’s Common Stock on the applicable dividend payment date. Such credited amounts will be added to the RSUs and will become transferable in accordance with
Section 2 based on the transferability of the initial RSUs to which they are attributable. In addition, the RSUs will be credited with any dividends or distributions that are paid in shares of the Corporation’s Common Stock represented by
the RSUs and will otherwise be adjusted by the Committee for other capital or corporate events as provided for in the Plan. 
  

	6.	 General Provisions 

 (a)     Administration, Interpretation and Construction.    The terms and conditions set forth in this Agreement will be administered, interpreted and construed by the
Compensation Committee, whose decisions will be final, conclusive and binding on the Corporation, on Director and on anyone claiming under or through the Corporation or Director. Without limiting the generality of the foregoing, any determination as
to whether an event has occurred or failed to occur which causes the RSUs to be transferable pursuant to the terms and conditions set forth in this Agreement, will be made in the good faith but absolute discretion of the Compensation Committee. By
accepting the transfer of RSUs, Director irrevocably consents and agrees to the terms and conditions set forth in this Agreement and to all actions, decisions and determinations to be taken or made by the Compensation Committee in good faith
pursuant to the terms and conditions set forth in this Agreement. 
 (b)    
Withholding.    The Corporation will have the right to withhold from any payments to be made to Director (whether under this Agreement or otherwise) any taxes the Corporation determines it is required to withhold with
respect to Director under the laws and regulations of any governmental authority, whether Federal, state or local and whether domestic or foreign, in connection with this Agreement, including, without limitation, taxes in connection with the
transfer of RSUs. Failure to submit any such withholding taxes shall be deemed to cause otherwise transferable RSUs not to become transferable. 
 (c)     Rights Not Assignable or Transferable.    No rights under this Agreement will be assignable or transferable other than by will or the laws of descent and
distribution, either voluntarily, or, to the full extent permitted by law, involuntarily, by way of encumbrance, pledge, attachment, levy or charge of any nature except as otherwise provided in this Agreement. Director’s rights under this
Agreement will be exercisable during Director’s lifetime only by Director or by Director’s guardian or legal representative. 
 (d)     Terms and Conditions Binding.    The terms and conditions set forth in the Plan and in this Agreement will be binding upon and inure to the benefit of the
Corporation, its successors and assigns, including any assignee of the Corporation and any successor to the Corporation by merger, consolidation or otherwise, and Director, Director’s heirs, devisees and legal representatives. 

  
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 (e)     No Liability for Good Faith Business Acts or
Omissions.    Director recognizes and agrees that the Compensation Committee, the Board, or the officers, agents or employees of the Corporation and its Subsidiaries, in their oversight or conduct of the business and affairs
of the Corporation and its Subsidiaries, may in good faith cause the Corporation or a Subsidiary to act, or to omit to act, in a manner that may, directly or indirectly, prevent the RSUs from becoming transferable. No provision of this Agreement
will be interpreted or construed to impose any liability upon the Corporation, a Subsidiary, the Compensation Committee, Board or any officer, agent or employee of the Corporation or a Subsidiary, for the inability to transfer RSUs that may result,
directly or indirectly, from any such action or omission. 
 (f)    
Recapitalization.    In the event that Director receives, with respect to RSUs, any securities or other property (other than cash dividends) as a result of any stock dividend or split, spin-off, recapitalization, merger,
consolidation, combination or exchange of shares or a similar corporate change, any such securities or other property received by Director will likewise be held by the Plan’s agent and be subject to the terms and conditions set forth in this
Agreement and will be included in the term “RSUs.” 
 (g)     Appointment of
Agent.    By accepting the transfer of RSUs, Director irrevocably nominates, constitutes, and appoints the Plan’s agent as Executive’s agent for purposes of surrendering or transferring the RSUs to the Corporation
upon any forfeiture required or authorized by this Agreement. This power is intended as a power coupled with an interest and will survive Director’s death. In addition, it is intended as a durable power and will survive Director’s
disability. 
 (h)    Legal Representative.    In the event of
Director’s death or a judicial determination of Director’s incompetence, reference in this Agreement to Director shall be deemed, where appropriate, to Director’s heirs or devises. 

(i)     Titles.    The titles to sections or paragraphs of this Agreement are
intended solely for convenience and no provision of this Agreement is to be construed by reference to the title of any section or paragraph. 
 (j)     Plan Governs.    The RSUs are being transferred to Director pursuant to and subject to the Plan, a copy of which is available upon request to the Corporate
Secretary of the Corporation. The provisions of the Plan are incorporated herein by this reference, and all capitalized terms in this Agreement shall have the same meanings given to such terms in the Plan. The terms and conditions set forth in this
Agreement will be administered, interpreted and construed in accordance with the Plan, and any such term or condition which cannot be so administered, interpreted or construed will to that extent be disregarded. 

(k)    Complete Agreement.    This instrument contains the entire agreement of the
parties relating to the subject matter of this Agreement and supersedes and replaces all prior agreements and understandings with respect to such subject matter. The parties hereto have made no agreements, representations or warranties relating to
the subject matter of this Agreement which are not set forth herein or incorporated by reference. 

  
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 (l)     Amendment; Modification;
Wavier.    No provision set forth in this Agreement may be amended, modified or waived unless such amendment, modification or waiver shall be authorized by the Compensation Committee and shall be agreed to in writing, signed
by Director and by an officer of the Corporation duly authorized to do so. No waiver by either party hereto of any breach by the other party of any condition or provision set forth in this Agreement to be performed by such other party will be deemed
a waiver of a subsequent breach of such condition or provision, or will be deemed a waiver of a similar or dissimilar provision or condition at the same time or at any prior or subsequent time. 

(m)    Governing Law.    The validity, interpretation, performance and enforcement
of the terms and conditions set forth in this Agreement will be governed by the laws of the State of Georgia, the state in which the Corporation is incorporated, without giving effect to the principles of conflicts of law of that state. 

The Corporation has issued the RSUs in accordance with the foregoing terms and conditions and in accordance with the provisions of
the Plan. By signing below, Director hereby agrees to the foregoing terms and conditions of the RSUs. 
 IN WITNESS
WHEREOF, Director has set Director’s hand and seal, effective as of the date and year set forth above. 

  
 5EX-10.1

 Exhibit 10.1 
 POWER SOLUTIONS INTERNATIONAL, INC. 
 RESTRICTED STOCK AGREEMENT

 In accordance with and subject to the terms of the Power Solutions 2012 Incentive Compensation Plan (the
“Plan”) and this Agreement, the Committee hereby grants to [INSERT GRANTEE’S NAME HERE] (the “Grantee”), an award of shares of Restricted Stock of Power Solutions International, Inc., a Delaware
corporation (the “Company”). 
 To evidence such award and to set forth its terms, the Company and the Grantee
agree as follows. All capitalized terms not otherwise defined in the Agreement shall have the meaning set forth in the Plan. 
 1. Grant of
Restricted Stock. Subject to and upon the terms and conditions set forth in this Agreement and the Plan, the Committee hereby grants to the Grantee [INSERT NUMBER OF SHARES OF RESTRICTED STOCK] shares of Restricted Stock (the
“Restricted Shares”), effective as of [INSERT GRANT DATE HERE] (the “Grant Date”), and the Grantee hereby accepts the grant of the Restricted Shares on a restricted basis, as set forth herein. 

2. Limitations on Transferability. At any time prior to vesting in accordance with Paragraphs 3 and 4 of this Agreement, the Restricted Shares, or
any interest therein, cannot be directly or indirectly transferred, sold, assigned, pledged, hypothecated, encumbered or otherwise disposed. 

3. Dates of Vesting. Subject to the provisions of Paragraphs 4 and 5 of this Agreement, the Restricted Shares shall cease to be restricted and
shall become non-forfeitable (thereafter being referred to as “Vested Shares”) on certain dates (each such date, a “Vesting Date”) according to the schedule set forth on Schedule A attached hereto.

 Notwithstanding the foregoing, and subject to Paragraphs 4 and 5 below, in the event that the Grantee incurs a Termination of
Service prior to any Vesting Date, any Restricted Shares that were unvested at the date of such Termination of Service shall be immediately forfeited to the Company. 
 4. Termination of Service. Subject to Paragraph 5 below, the provisions of this Paragraph 4 shall apply in the event the Grantee incurs a Termination of Service at any time prior to the applicable
Vesting Date as set forth in Paragraph 3: 
 a. If the Grantee incurs a Termination of Service because of his or her death or
Disability, any Restricted Shares that had not become Vested Shares prior to the date of the Termination of Service shall become Vested Shares, and the Grantee shall immediately own the Vested Shares free of all restrictions otherwise imposed by
this Agreement except for tax withholding obligations set forth in Paragraph 25 of this Agreement or otherwise required by any taxing authority. 
 b. If the Grantee incurs a Termination of Service for any reason other than his or her death or Disability, then any Restricted Shares that had not become Vested Shares prior to the date of the
Termination of Service shall be immediately forfeited to the Company. 

 5. Change in Control. Upon a Change in Control, the Grantee will have such rights with respect to the
Restricted Shares as are provided for in the Plan. 
 6. Stock Issuance, Restrictions and Escrow. The Company, in its sole discretion,
shall either (a) credit the Restricted Shares to the Grantee in a book entry on the records kept by the Company’s stockholder record keeper, or (b) cause to be issued certificates for Restricted Shares. To the extent the Restricted
Shares are credited pursuant to clause (a) of the preceding sentence, the Restricted Shares shall be subject to restrictions on transfer until, and to the extent, such Restricted Shares shall become Vested Shares pursuant to Paragraph 3, 4 or 5
above. To the extent certificates for the Restricted Shares are issued pursuant to clause (b) above, such certificates shall be held in escrow by the Company until, and to the extent, such Restricted Shares shall become Vested Shares pursuant
to Paragraph 3, 4 or 5 above. To the extent any such Restricted Shares fail to become Vested Shares pursuant to Paragraph 3, 4 or 5 above, the Company shall cancel any portion of the Restricted Shares forfeited by the Grantee pursuant to the terms
of the Plan or this Agreement. The Company shall release the restrictions upon the remaining Vested Shares in the book entry records, or release the related certificates, together with any assets or securities held in escrow hereunder, from escrow,
as applicable, in each case resulting in the release of any Vested Shares to the Grantee. 
 7. Liability of the Company. The inability
of the Company to obtain approval from any regulatory body having authority deemed by the Company to be necessary to the lawful issuance and transfer of any Restricted Shares pursuant to this Agreement shall relieve the Company of any liability with
respect to the non-issuance or transfer of the Restricted Shares as to which such approval shall not have been obtained. However, the Company shall use its best efforts to obtain all such approvals. 

8. Adjustment in Restricted Shares. The Committee may make or provide for such adjustments as provided for in Section 4.2 of the Plan.

 9. Plan Amendment. No discontinuation, modification, or amendment of the Plan may, without the written consent of the Grantee,
adversely affect the rights of the Grantee under this Agreement, except as otherwise provided under the Plan. This Agreement may be amended as provided under the Plan, but no such amendment shall adversely affect the Grantee’s rights under the
Agreement without the Grantee’s written consent, unless otherwise permitted by the Plan. 
 10. Stockholder Rights. The Grantee
shall be entitled to receive any dividends that become payable on or after the Grant Date with respect to the Restricted Shares; provided, however, that no dividends shall be payable (a) with respect to Restricted Shares on
account of record dates occurring prior to the Grant Date, and (b) with respect to forfeited Restricted Shares on account of record dates occurring on or after the date of such forfeiture. Further, dividends will not be paid to the Grantee
until the Restricted Shares vest and become non-forfeitable. The Grantee shall be entitled to vote the Restricted Shares on or after the Grant Date to the same extent as would have been applicable to the Grantee if the Restricted Shares had then
been Vested Shares; provided, however, that the Grantee shall not be entitled to vote (i) the Restricted Shares on account of record dates occurring prior to the Grant Date, and (ii) with respect to forfeited Restricted
Shares on account of record dates occurring on or after the date of such forfeiture. 

  
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 11. Employment Rights. This Agreement is not a contract of employment, and the terms of employment of
the Grantee or other relationship of the Grantee with the Company shall not be affected in any way by this Agreement except as specifically provided herein. The execution of this Agreement shall not be construed as conferring any legal rights upon
the Grantee for a continuation of an employment or other relationship with the Company, nor shall it interfere with the right of the Company to discharge the Grantee and to treat him or her without regard to the effect which such treatment might
have upon him or her as a Grantee. 
 12. Disclosure Rights. Except as required by applicable law, the Company (or any of its affiliates)
shall not have any duty or obligation to disclose affirmatively to a record or beneficial holder of Common Stock, Restricted Shares or Vested Shares, and such holder shall have no right to be advised of, any material information regarding the
Company at any time prior to, upon or in connection with receipt of the Restricted Shares. 
 13. Governing Law. The interpretation,
performance and enforcement of this Agreement shall be governed by and enforced in accordance with the laws of the State of Delaware (other than with respect to its laws regarding choice law). 

14. Compliance with Laws and Regulations. Notwithstanding anything herein to the contrary, the Company shall not be obligated to either
(a) cause to be issued or delivered any certificates for Restricted Shares or Vested Shares, or (b) credit a book entry related to the Restricted Shares or Vested Shares to be entered on the records of the Company’s stockholder record
keeper, unless and until the Company is advised by its counsel that such issuance and delivery of such certificates or entry on the records, as applicable, is in compliance with all applicable laws, regulations of governmental authority, and the
requirements of any exchange upon which the Restricted Shares may be traded. The Company may require, as a condition of such issuance and delivery of such certificates or entry on the records, as applicable, and in order to ensure compliance with
such laws, regulations and requirements, that the Grantee make such covenants, agreements, and representations as the Company, in its sole discretion, considers necessary or desirable. 
 15. Successors and Assigns. Except as otherwise expressly set forth in this Agreement, the provisions of this Agreement shall inure to the benefit of, and be binding upon, the succeeding
administrators, heirs and legal representatives of the Grantee and the successors and assigns of the Company. 
 16. No Limitation on Rights
of the Company. This Agreement shall not in any way affect the right of the Company to adjust, reclassify, reorganize or otherwise make changes in its capital or business structure, or to merge, consolidate, dissolve, liquidate, sell or transfer
all or any part of its business or assets. 
 17. Notices. Any communication or notice required or permitted to be given hereunder shall
be in writing, and if to the Company, to its principal place of business, attention: Committee, and, if to the Grantee, to the address appearing on records of the Company, Such communication or notice shall be delivered personally or sent by
certified, registered or express mail, postage prepaid, return receipt requested, or by a reputable overnight delivery service. Any such notice shall be deemed given when received by the intended recipient. Notwithstanding the foregoing,

  
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any notice required or permitted hereunder from the Company to the Grantee may be made by electronic means, including by electronic mail to the Company-maintained electronic mailbox of the
Grantee, and the Grantee hereby consents to receive such notice by electronic delivery. To the extent permitted in an electronically delivered notice described in the previous sentence, the Grantee shall be permitted to respond to such notice or
communication by way of a responsive electronic communication, including by electronic mail. 
 18. Construction. Notwithstanding any
other provision of this Agreement, this Agreement is made and the Restricted Shares are granted pursuant to the Plan and are in all respects limited by and subject to the express provisions of the Plan, as amended from time to time. To the extent
any provision of this Agreement is inconsistent or in conflict with any term of provision of the Plan, the Plan shall govern. The interpretation and construction by the Committee of the Plan, this Agreement and any such rules and regulations adopted
by the Committee for the purposes of administering the Plan, shall be final and binding upon the Grantee and all other persons. 
 19. Entire
Agreement. This Agreement, together with the Plan, constitute the entire obligation of the parties hereto with respect to the subject matter hereof and shall supersede any prior expressions of intent or understanding with respect to this
transaction. 
  

	20.	Amendment. Any amendment to this Agreement shall be in writing and signed by the Company and the Grantee. 

21. Waiver; Cumulative Rights. The failure or delay of either party to require performance by the other party of any provision hereof shall not
affect its right to require performance of such provision unless and until such performance has been waived in writing. Each and every right hereunder is cumulative and may be exercised in part or in whole from time to time. 

22. Counterparts. This Agreement may be signed in two counterparts, each of which shall be an original, but both of which shall constitute but one
and the same instrument. 
 23. Headings. The headings contained in this Agreement are for reference purposes only and shall not affect
the meaning or interpretation of this Agreement. 
 24. Severability. If any provision of this Agreement shall for any reason be held to
be invalid or unenforceable, such invalidity or unenforceability shall not affect any other portion hereof, and this Agreement shall be construed as if such invalid or unenforceable provision were omitted. 

25. Tax Consequences. The Grantee acknowledges and agrees that the Grantee is responsible for the payment of all taxes and tax consequences with
respect to the grant of the Restricted Shares or the lapse of restrictions otherwise imposed by this Agreement. The Grantee and the Company further acknowledge and agree that the Grantee may elect that all or any part of such payment for the
withholding of federal, state and local taxes, including Social Security and Medicare (“FICA”) taxes be made by the retention by the Company of a portion of the shares issued to the Grantee upon vesting, determined in accordance
with Section 17.1(a) of the Plan; any fractional share amount not paid by the surrender of Restricted Shares shall be paid in cash. In no event, however, shall the Company accept shares for payment of taxes in excess of required tax withholding
rates. The Grantee further acknowledges that it is the Grantee’s 

  
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responsibility to obtain any advice that the Grantee deems necessary or appropriate with respect to any and all tax matters that may exist as a result of the grant of the Restricted Shares or the
lapse of restrictions otherwise imposed by this Agreement. Notwithstanding any other provision of this Agreement, the Restricted Shares, together with any other assets or securities held in escrow hereunder, shall not be released to the Grantee
unless, as provided in Section 17 of the Plan, the Grantee shall have paid to the Company, or made arrangements satisfactory to the Company regarding the payment of, any federal, state, local or foreign taxes of any kind required by law to be
withheld with respect to the grant of the Restricted Shares or the lapse of restrictions otherwise imposed by this Agreement. 
 26. Receipt
of Plan. The Grantee acknowledges receipt of a copy of the Plan, and represents that the Grantee is familiar with the terms and provisions thereof, and hereby accepts the Restricted Shares subject to all the terms and provisions of this
Agreement and of the Plan. The Restricted Shares are granted pursuant to the terms of the Plan, the terms of which are incorporated herein by reference, and the Restricted Shares shall in all respects be interpreted in accordance with the Plan. The
Committee shall interpret and construe the Plan and this Agreement, and its interpretation and determination shall be conclusive and binding upon the parties hereto and any other person claiming an interest hereunder, with respect to any issue
arising hereunder or thereunder. 
 27. Confidential Information. The Grantee acknowledges that the information, observations and data
obtained by the Grantee while employed by the Company (including, without limitation, trade secrets, know-how, research plans, business, accounting, distribution and sales methods and systems, sales and profit figures and margins and other technical
or business information, business, marketing and sales plans and strategies, cost and pricing structures, and information concerning acquisition opportunities and targets in or reasonably related to any of the Company’s or any of its
Subsidiaries’ business or industry and other information relating to the Company and its Subsidiaries and their respective businesses) including, in each case, such information, observations and data obtained prior to the date of this Agreement
concerning the business or affairs of the Company and any of its Subsidiaries (collectively, “Confidential Information”) are the property of the Company or such Subsidiary, as applicable, and agrees that the Company and its
Subsidiaries have a protectable interest in such Confidential Information. The Grantee agrees that he or she shall not (during his or her employment with the Company or at any time thereafter) disclose to any unauthorized person or use any such
Confidential Information without the prior written consent of the Board unless and to the extent that any Confidential Information: (a) becomes or is generally known to and available for use by the industry other than as a result of the
Grantee’s acts or omissions in breach of this Agreement, (b) is required to be disclosed by judicial process or law (provided that the Grantee shall give prompt advance written notice of such requirement to the Company to enable the
Company to seek an appropriate protective order or confidential treatment) or (c) is disclosed in furtherance of Grantee’s duties under an employment agreement with the Company. 
 28. Enforcement. If, at the time of enforcement of Paragraph 27, a court or an arbitrator holds that the restrictions stated therein are unreasonable under the circumstances then existing, the
parties hereto agree that the restrictions be substituted for reasonable restrictions and that the court or arbitrator shall be allowed to revise the restrictions contained herein to cover the maximum area permitted by law. Because the
Grantee’s services are unique and because the 

  
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Grantee has access to Confidential Information, the parties hereto agree that money damages would not be an adequate remedy for any breach of this Agreement. Therefore, in the event of a breach
or threatened breach of this Agreement, the Company or its successors or assigns may, in addition to other rights and remedies existing in their favor, apply to any court of competent jurisdiction for specific performance and/or injunctive or other
relief in order to enforce or prevent any violations of the provisions hereof (without (a) the posting of any bond or other security, (b) the necessity of showing actual damages and (c) the necessity of showing that monetary damages
are an inadequate remedy). The Grantee agrees that the restrictions contained in Paragraph 27 are reasonable. 
 29. Condition to Return
Signed Agreement. This Agreement shall be null and void unless the Grantee signs, dates, and returns this Agreement to the Company on or before [INSERT DATE HERE]. 
 IN WITNESS WHEREOF, the parties hereto have acknowledged their rights and obligations under this Agreement and the Plan as of the Grant Date. 

 

					
	 POWER SOLUTIONS INTERNATIONAL, INC.

		
	 By:
	 	 
		
	 Its:
	 	 
	
	 GRANTEE

		
	 By:
	 	 
		
	 Print Name:
	 	 

  
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 Schedule A 

Vesting Schedule 
 [TO BE INSERTED] 

  
 7

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