Document:

Exhibit 10.8

 

BIOCRYST PHARMACEUTICALS, INC.

 

STOCK INCENTIVE PLAN

 

NOTICE OF RESTRICTED STOCK UNIT AWARD

 

Notice is hereby given that BioCryst Pharmaceuticals,
Inc. (the “Company”) has selected you to receive an award of restricted stock units with respect to the Company’s
Common Stock (such award referred to herein as the “RSUs” or “Award”) as described below and granted pursuant
to the BioCryst Pharmaceuticals, Inc. Stock Incentive Plan (the “Plan”) and the accompanying Restricted Stock Unit
Agreement (the “Agreement”):

 

	Name of Recipient:  _________________________________________
	
        Number of shares with respect to

         

        which RSUs awarded: _____________________________________

         

        Grant Date: _______________________________________________

         

        Vesting: 25% Per Year from Date of Grant

         

Recipient understands that the Award is granted
subject to and in accordance with the express terms and conditions of the Plan and agrees to be bound by and conform to the terms
and conditions of the Plan, the Plan Prospectus, this Notice of Restricted Stock Unit Award, and the accompanying Agreement. Recipient
acknowledges that copies of the Plan, the Plan Prospectus, and the Agreement have been made available to Recipient.

 

Nothing in this Notice of Restricted Stock
Unit Award, the accompanying Agreement, or the Plan shall confer upon the Recipient the right to continue in the service or employment
of the Company for any period of specific duration or otherwise restrict in any way the rights of the Company or the Recipient,
which rights are hereby expressly reserved by each, to terminate Recipient’s service or employment at any time for any reason
whatsoever, with or without cause.

 

By my signature below, I hereby acknowledge
receipt of the Award granted to me on the Grant Date specified above and issued to me pursuant to the terms and conditions of the
Plan and the attached Agreement.

 

 

	Agreed and Accepted:	BIOCRYST PHARMACEUTICALS, INC.

         

	By: __________________________	By:___________________________________
	Recipient	 
	 	Name:_________________________________
	Address: ______________________	 
	 	Title:__________________________________
	                  ______________________	 
	 	 
	Dated:________________________	 

 

    	 

    	 

    

BIOCRYST PHARMACEUTICALS, INC.

 

RESTRICTED
STOCK UNIT AGREEMENT

 

WITNESSETH:

 

RECITALS

 

A.The Board of
Directors of the Company (the “Board”) has adopted the Company’s Stock Incentive Plan (the “Plan”)
for the purpose of attracting and retaining the services of selected key employees (including officers and directors), non-employee
Board members and consultants and other independent contractors who contribute to the financial success of the Company or its parent
or subsidiary corporations.

 

B.Recipient is
an individual who has rendered and is to render valuable services to the Company or its parent or subsidiary corporations, and
this Agreement is executed pursuant to, and is intended to carry out the purposes of, the Plan in connection with the Company’s
grant of the Restricted Stock Unit Award to Recipient.

 

NOW, THEREFORE, it is hereby
agreed as follows:

 

The terms and conditions of the Award of
restricted stock units with respect to Common Stock of the Company (the “RSUs”) made to the Recipient, as set forth
in the accompanying Notice of Restricted Stock Unit Award (the “Award Notice”), are as follows:

 

1.                 
Issuance of RSUs.

 

(a)               
The RSUs are hereby granted and issued to the Recipient, effective as of the Grant Date set forth in the accompanying
Award Notice, in consideration of the employment services rendered and to be rendered by the Recipient to the Company in accordance
with Article Three of the Plan. Each RSU represents the right to receive one share of Common Stock, subject to the terms and conditions
hereof. This Award is made subject to and awarded upon the terms and conditions set forth in this Agreement and the Plan.

 

(b)              
As promptly as practicable following the vesting of the RSUs pursuant to Section 2 (and in all events no later than
March 15 of the year following the year of vesting (unless earlier delivery is required by Section 409A of the Code or delivery
is deferred pursuant to a nonqualified deferred compensation plan in accordance with the requirements of Section 409A of the Code)),
the Company shall issue one or more certificates in the name of the Recipient for the number of shares of Common Stock that have
vested.

 

(c)               
The Recipient agrees that the RSUIs shall be subject to the forfeiture provisions set forth in Section 3 of
this Agreement and the restrictions on transfer set forth in Section 4 of this Agreement.

 

2.                 
General Vesting Terms; Lapsing of Restrictions.

 

    	 

    	 

    

(a)               
Vesting Schedule. Subject to Recipient’s continuous employment with or service to the Company from the
Grant Date through each applicable Vesting Date, the RSUs shall vest and no longer be subject to forfeiture with respect to twenty-five
percent (25%) of the RSUs on each of the first four (4) anniversaries of the Grant Date (each such anniversary a “Vesting
Date”).

 

(b)              
Acceleration of Vesting. Except as provided in the case of certain “Corporate Transactions” specified
in Section 2(c) below or otherwise expressly provided in this Agreement, any acceleration of vesting with respect to the RSUs shall
be limited to such provisions of the Plan.

 

(c)               
Accelerated Vesting Upon Corporate Transactions. In the event of one or more of the following transactions
( each a “Corporate Transaction”):

 

(1)a merger or
consolidation in which the Company is not the surviving entity, except for a transaction the principal purpose of which is to change
the State of the Company’s incorporation,

 

(2)the sale, transfer
or other disposition of all or substantially all of the assets of the Company in liquidation or dissolution of the Company, or

 

(3)any reverse
merger in which the Company is the surviving entity but in which securities possessing more than fifty percent (50%) of the total
combined voting power of the Company’s outstanding securities are transferred to holders different from those who held such
securities immediately prior to such merger,

 

the unvested RSUs shall vest in full and
no longer be subject to forfeiture immediately prior to the specified effective date for the Corporate Transaction. No such accelerated
vesting, however, shall occur if and to the extent: (i) the Award is, in connection with the Corporate Transaction, either to be
assumed by the successor corporation or parent thereof or be replaced with a comparable award of restricted shares of the capital
stock of the successor corporation or parent thereof or (ii) the Award is to be replaced by a comparable cash incentive program
of the successor corporation based on the fair market value of the shares of Common Stock subject to the RSUs at the time of the
Corporate Transaction. The determination of comparability under clauses (i) or (ii) of the preceding sentence shall be made by
the Plan Administrator and its determination shall be final, binding and conclusive. Furthermore, in the event of a Change in Control
(as defined in the Plan), the RSUs shall vest and no longer be subject to forfeiture immediately prior to the specified effective
date of such Change in Control. 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.

 

    	 

    	 

    

(d)              
Continuous Employment and Service. For purposes of this Agreement, Recipient shall be deemed to remain in
continuous service with the Company for so long as the Recipient continues to render periodic services to the Company or any parent
or subsidiary corporation, whether as an employee, a non-employee member of the Company’s Board of Directors or an independent
consultant or advisor. The Recipient shall be deemed to be an “employee” and to continue in the Company’s employ
for so long as Recipient remains in the employ of the Company or one or more of its parent or subsidiary corporations subject to
the control and direction of the employer entity as to both the work to be performed and the manner and method of performance.
For purposes of this Agreement, a corporation shall be considered to be a subsidiary corporation of the Company if it is a member
of an unbroken chain of corporations beginning with the Company, provided each such corporation in the chain (other than the last
corporation) owns, at the time of determination, stock possessing 50% or more of the total combined voting power of all classes
of stock in one of the other corporations in such chain. Similarly, for purposes of this Agreement, a corporation shall be considered
to be a parent corporation of the Company if it is a member of an unbroken chain ending with the Company, provided each such corporation
in the chain (other than the Company) owns, at the time of determination, stock possessing 50% or more of the total combined voting
power of all classes of stock in one of the other corporations in such chain.

 

3.                 
Forfeiture of Unvested RSUs Upon Employment Termination.

 

In the event that the Recipient ceases to
be continuously employed by or continuously in service to the Company for any reason or no reason, with or without cause, except
as otherwise expressly provided in Section 2 above, all of the RSUs that are unvested as of the time of such employment termination
shall be forfeited immediately and automatically to the Company and no shares of Common Stock shall be issued with respect thereto,
without the payment of any consideration to the Recipient, effective as of such termination of employment or separation from service.
The Recipient shall have no further rights with respect to any RSUs that are so forfeited. If the Recipient is employed by a subsidiary
of the Company, any references in this Agreement to employment with the Company shall instead be deemed to refer to employment
with such subsidiary.

 

4.                 
Restrictions on Transfer.

 

The Recipient shall not sell, assign, transfer,
pledge, hypothecate or otherwise dispose of, by operation of law or otherwise (collectively “transfer”) any RSUs, or
any interest therein (but may transfer Common Stock after its issuance pursuant to Section 1(b) above). Notwithstanding the foregoing
to the extent permitted by applicable law, the RSUs may be assigned in whole or part during the Recipient’s lifetime pursuant
to a domestic relations order; provided, however, that such RSUs shall in all cases remain subject to this Agreement (including,
without limitation, the forfeiture provisions set forth in Section 3 and the restrictions on transfer set forth in this Section
4) and such permitted transferee shall, as a condition to such transfer, deliver to the Company a written instrument confirming
that such transferee shall be bound by all of the terms and conditions of this Agreement. The Company shall not be required: (i)
to transfer on its books any of the RSUs (or issue shares of Common Stock with respect thereto) which have been transferred in
violation of any of the provisions of this Agreement or (ii) to treat as owner of such RSUs to any transferee to whom such RSUs
have been transferred in violation of any of the provisions of this Agreement.

 

5.                 
Rights as a Shareholder.

 

    	 

    	 

    

The Recipient shall have no rights as a
shareholder with respect to the RSUs until such times as shares of Common Stock are issued in settlement thereof; provided, however,
that if any dividends and distributions with respect to the shares of Common Stock underlying the RSUs are paid in cash or shares,
or consist of a dividend or distribution to holders of Common Stock other than an ordinary cash dividend, the shares, cash or other
property will be credited to a notional account on behalf of the Recipient subject to the same restrictions on transferability
and forfeitability as the related RSUs.

 

6.                 
Tax Matters.

 

(a)               
Acknowledgments. The Recipient acknowledges that Recipient is responsible for obtaining the advice of the
Recipient’s own tax advisors with respect to the acquisition and vesting of the RSUs and that Recipient is relying solely
on such advisors and not on any statements or representations of the Company or any of its agents with respect to the tax consequences
relating to the RSUs. The Recipient understands that the Recipient (and not the Company) shall be responsible for any and all of
Recipient’s tax liabilities that may arise in connection with the acquisition, vesting and/or settlement of the RSUs.

 

(b)              
Withholding. Unless the Plan Administrator expressly authorizes otherwise, the Recipient shall satisfy all
tax withholding obligations arising in connection with the vesting of RSUs by automatically having withheld or otherwise transferring
to the Company, effective as of each Vesting Date, such number of shares of Common Stock underlying the RSUs that vest on such
Vesting Date as have a fair market value (calculated in accordance with the Plan) equal to the amount of the applicable tax withholding
obligations in connection with the vesting and settlement of such RSUs. The Recipient further acknowledges and agrees that the
Company has the right to deduct from payments of any kind otherwise due to the Recipient any other federal, state, local or other
taxes of any kind required by law to be withheld with respect to the vesting and settlement of the RSUs in the event the withholding
of shares of Common Stock authorized above is insufficient to satisfy all tax withholding obligations. If requested by the Plan
Administrator, the Recipient agrees to satisfy such tax withholding obligations by making a cash payment to the Company on the
date of vesting of the RSUs, in such amount as the Company determines is necessary to satisfy its withholding obligations in connection
with the vesting and settlement of such RSUs.

 

7.                 
Miscellaneous.

 

(a)               
Authority of the Plan Administrator. In making any decisions or taking any actions with respect to the matters
covered by this Agreement, the Plan Administrator shall have full authority and discretion, and shall be subject to all of the
protections provided for in the Plan. All decisions and actions by the Plan Administrator with respect to this Agreement shall
be made in the Plan Administrator’s sole discretion and shall be final and binding on all.

 

    	 

    	 

    

(b)              
No Employment or Service Contract. The Recipient acknowledges and agrees that, notwithstanding the fact that
vesting and settlement of the RSUs is contingent upon Recipient’s continued employment with, or service to, the Company,
this Agreement does not constitute an express or implied promise of continued employment or service and nothing herein or in the
Plan shall confer upon the Recipient any rights to continue in the employment or service of the Company (or any parent or subsidiary
corporation of the Company employing or retaining Recipient) for any period of time or interfere with or otherwise restrict in
any way the rights of the Company (or any parent or subsidiary corporation of the Company employing or retaining Recipient) or
Recipient, which rights are hereby expressly reserved by each, to terminate Recipient’s service or employment at any time
for any reason whatsoever, with or without cause.

 

(c)               
Notices. Any notice required to be given or delivered to the Company under the terms of this Agreement shall
be in writing and addressed to the Company in care of the Corporate Secretary at its principal corporate offices. Any notice required
to be given or delivered to Recipient shall be in writing and addressed to the Recipient at the address indicated below Recipient’s
signature line of the Award Notice or such address as Recipient may provide for the Company to keep on file as updated from time
to time. All notices shall be deemed to have been given or delivered upon personal delivery or upon deposit in the U. S. Mail,
postage prepaid and properly addressed to the party to be notified.

 

(d)              
Construction; Amendment. The Recipient acknowledges that Recipient has read this Agreement, has received and
read the Plan, and understands the terms and conditions of this Agreement and the Plan. This Agreement and the RSUs evidenced hereby
are made and granted pursuant to the Plan and are in all respects limited by and subject to the express terms and provisions of
the Plan. All decisions of the Plan Administrator with respect to any question or issue arising under the Plan or this Agreement
shall be conclusive and binding on all persons having or claiming an interest in the RSUs. This Agreement may only be amended by
a writing executed by the parties hereto expressly providing for amendment of this Agreement except that the Plan Administrator
may unilaterally make amendments that do not adversely affect Recipient’s rights hereunder provided timely notice of such
amendments is provided Recipient.

 

(e)               
Successors and Assigns. Except to the extent otherwise expressly provided herein, the provisions of this Agreement
shall inure to the benefit of, and be binding upon, the successors, administrators, heirs, legal representatives and assigns of
Recipient and the successors and assigns of the Company.

 

(f)               
Liability of the Company. If the RSUs exceed, as of the Grant Date, the number of shares of Common Stock which
may without shareholder approval be issued under the Plan, then this Award shall be void with respect to such excess shares unless
shareholder approval of an amendment sufficiently increasing the number of shares of Common Stock issuable under the Plan is obtained
in accordance with the provisions of this Plan and all applicable laws. 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 sale of any Common Stock pursuant
to this Agreement shall relieve the Company of any liability with respect to the non-issuance or sale of the Common Stock as to
which such approval shall not have been obtained. The Company, however, shall use its best efforts to obtain all such approvals.

 

(g)              
Compliance with Laws and Regulations. The award of RSUs hereunder and the settlement thereof is subject to
compliance by the Company and Recipient with all applicable requirements of law relating thereto and all applicable regulations
of any stock exchange or over-the-counter market on which such shares may be listed or traded at the time of such exercise and
issuance. In connection with the settlement of RSUs, Recipient shall execute and deliver to the Company such representations in
writing as may be requested by the Company in order for it to comply with the applicable requirements of federal and state securities
laws.

 

    	 

    	 

    

(h)              
Capitalized Terms/Conflict. Capitalized terms not specifically defined herein have the meaning specified in
the Plan. In the event of a conflict between the terms and conditions of this Agreement and the Plan, the Plan controls.

 

(i)                
Electronic Delivery. Recipient hereby consents to the delivery of information (including, without limitation,
information required to be delivered to Recipient pursuant to applicable securities laws) regarding the Company and its subsidiaries
and affiliates, the Plan, and the RSUs via Company web site or other electronic delivery.

 

(j)                
Headings. The headings preceding the text of the sections hereof are inserted solely for convenience of reference,
and shall not constitute a part of this Agreement, nor shall they affect its meaning, construction or effect.

 

(k)              
Governing Law. The interpretation, performance, and enforcement of this Agreement shall be governed by the
internal laws of the State of Delaware without resort to that state’s conflict-of-laws rules.jbtc20141231_10k.htm

EXHIBIT 10.5M

LONG TERM INCENTIVE RESTRICTED STOCK UNIT AGREEMENT
PURSUANT TO THE JOHN BEAN TECHNOLOGIES CORPORATION
INCENTIVE COMPENSATION AND STOCK PLAN

 

(TIME-BASED: NON-ELT VERSION)

 

This Agreement is made as of <<Grant Date>> (the "Grant Date") by JOHN BEAN TECHNOLOGIES CORPORATION, a Delaware corporation, (the "Company") and <<Participant Name>> (the "Employee").

 

In 2008, the Board of Directors of the Company (the “Board”) adopted the John Bean Technologies Corporation Incentive Compensation and Stock Plan (the "Plan"). The Plan, as it may be amended and continued, is incorporated by reference and made a part of this Agreement and will control the rights and obligations of the Company and the Employee under this Agreement. Except as otherwise expressly provided herein, all capitalized terms have the meanings provided in the Plan. To the extent there is a conflict between the Plan and this Agreement, the provisions of the Plan will control.

 

The Compensation Committee of the Board (the “Committee”) determined that it would be to the competitive advantage and interest of the Company and its stockholders to grant an award of restricted stock units to the Employee as an inducement to remain in the service of the Company or one of its affiliates (collectively, the “Employer”), and as an incentive for increased efforts during such service.

 

The Committee, on behalf of the Company, grants to the Employee an award of <<# Granted>> restricted stock units (the “RSUs”), which is equal to an equivalent number of shares of the Company’s common stock, par value of $.01 per share (the "Common Stock").

 

The award is made upon the following terms and conditions:

1.            Vesting. The RSUs will vest on the first trading day in April of the third year after the grant date (the “Vesting Date”). Upon the Vesting Date, the RSUs will be immediately settled in shares of Common Stock and will be immediately transferable thereafter. In the event of the Employee’s retirement from the Company upon or after attaining age 62 and 10 Years of Service, the RSUs will not vest until the Vesting Date and upon such Vesting Date, such RSUs will be immediately settled in shares of Common Stock and will be immediately transferable thereafter (and, in any event, within 70 days thereafter). Notwithstanding the foregoing, the RSUs will vest and will be immediately settled in shares of Common Stock and be immediately transferable thereafter (but in any event, within 70 days) upon the occurrence of any of the following events:

 

(a)           the Employee’s death;

 

(b)           the Employee's Disability;

 

(c)          a Change in Control under which the successor corporation does not assume the Awards that remain outstanding under the Plan as of the effective date of the Change in Control, provided, if the Employee has attained (or could have attained) age 62 and 10 Years of Service prior to the Expiration Date of the Employee’s Award, this Section 1(c) shall not be applicable and, as such, the Employee’s Award shall not vest and be settled under this Section 1(c). For purposes herein, upon a Change in Control, the successor corporation shall be deemed to have assumed the Awards that remain outstanding under the Plan as of the effective date of the Change in Control if and only if such Awards are either (i) assumed or continued by the successor corporation, preserving the terms and conditions and existing value of the Awards as of the effective date of the Change in Control or (ii) replaced by the successor corporation with equity awards that preserve the existing value of the Awards as of the effective date of the Change in Control and provide terms and conditions that are the same or more favorable to the participants as those existing as of the effective date of the Change in Control and that otherwise comply with, and do not result in a violation of, Section 409A of the Code, which replacement shall be subject to the Compensation Committee’s approval; or 

 

(d)          an involuntary Termination of Employment of the Employee's employment by the Company for reasons other than Cause within twenty-four (24) calendar months following the month in which a Change in Control of the Company occurs.

 

All RSUs will be forfeited upon termination of the Employee's employment with the Employer before the Vesting Date for a reason other than death, Disability or retirement from the Company upon or after attaining age 62 and 10 Years of Service.

 

2.            Adjustment. The Committee shall make equitable substitutions or adjustments in the RSUs as it determines to be appropriate in the event of any corporate event or transaction such as a stock split, merger, consolidation, separation, including a spin-off or other distribution of stock or property of the Company, reorganization or any partial or complete liquidation of the Company.

 

 

 

 

 

3.            Rights as Stockholder.

 

(a)          Until the RSUs vest and are settled in shares of Common Stock, the Employee shall have no rights as a stockholder of the Company. The vested RSUs will be settled in shares of Common Stock and issued in the form of a book entry registration.

 

(b)          Prior to the Vesting Date, the Employee may not vote, sell, exchange, transfer, pledge, hypothecate or otherwise dispose of any of the RSUs. The RSUs have Dividend Equivalent Rights subject to the same vesting requirements as stated in Section 1 of this agreement and such rights are subject to forfeiture to the same extent as the underlying RSUs.

 

4.            No Limitation on Rights of the Company. The granting of RSUs will not in any way affect the right or power of the Company to make adjustments, reclassifications or changes in its capital or business structure or to merge, consolidate, reincorporate, dissolve, liquidate or sell or transfer all or any part of its business or assets.

 

5.            Employment. Nothing in this Agreement or in the Plan will be construed as constituting a commitment, guarantee, agreement or understanding of any kind or nature that the Employer will continue to employ the Employee, or as affecting in any way the right of the Employer to terminate the employment of the Employee at any time.

 

6.            Government Regulation. The Company's obligation to deliver Common Stock following the Vesting Date will be subject to all applicable laws, rules and regulations and to such approvals by any governmental agencies or national securities exchanges as may be required.

 

7.            Withholding. The Employer will comply with all applicable withholding tax laws, and will be entitled to take any action necessary to effectuate such compliance. The Company may withhold a portion of the Common Stock to which the Employee or beneficiary otherwise would be entitled equivalent in value to the taxes required to be withheld, determined based upon the Fair Market Value of the Common Stock. For purposes of withholding, Fair Market Value shall be equal to the closing price of the Common Stock on the Vesting Date, or, if the Vesting Date is not a business day, the next business day immediately following the Vesting Date.

 

8.            Notice. Any notice to the Company provided for in this Agreement will be addressed to it in care of its Secretary, John Bean Technologies Corporation, 70 West Madison Street, Suite 4400, Chicago, Illinois 60602, and any notice to the Employee (or other person entitled to receive the RSUs) will be addressed to such person at the Employee’s address now on file with the Company, or to such other address as either may designate to the other in writing. Any notice will be deemed to be duly given when enclosed in a properly sealed envelope addressed as stated above and deposited, postage paid, in a post office or branch post office regularly maintained by the United States government.

 

9.            Administration. The Committee administers the Plan. The Employee’s rights under this Agreement are expressly subject to the terms and conditions of the Plan, a copy of which may be accessed through the Fidelity NetBenefits website, including any guidelines the Committee adopts from time to time.

 

10.          Binding Effect. This Agreement will inure to the benefit of and be binding upon the parties hereto and their respective heirs, executors, administrators, successors and permitted assigns.

 

11.          Sole Agreement. This Agreement is the entire agreement between the parties to it, and any and all prior oral and written representations are merged into this Agreement. This Agreement may only be amended by written agreement between the Company and the Employee. Employee expressly acknowledges that the form of the grant agreement that the Employee accepts electronically through the Fidelity NetBenefits website is intended to facilitate the administration of this RSU award and may not be a full version of this Agreement due to limitations inherit in such website that are imposed by Fidelity. The terms of this Agreement will govern the Employee’s award in the event of any inconsistency with the agreement viewed or accepted by the Employee on the Fidelity NetBenefits website.

 

12.          Governing Law. The interpretation, performance and enforcement of this Agreement will be governed by the laws of the State of Delaware.

 

13.          Privacy. Employee acknowledges and agrees to the Employer transferring certain personal data of such Employee to the Company for purposes of implementing, performing or administering the Plan or any related benefit. Employee expressly gives his consent to the Employer and the Company to process such personal data.

 

 

 

 

 

14.          Code Section 409A. This Agreement is intended to comply with the requirements of Section 409A of the Code, and shall be interpreted and construed consistently with such intent. In the event the terms of this Agreement would subject Employee to taxes or penalties under Section 409A of the Code (“409A Penalties”), the Company and Employee shall cooperate diligently to amend the terms of the Agreement to avoid such 409A Penalties, to the extent possible. To the extent the RSUs under this Agreement are payable by reference to Employee’s “termination of employment” such term and similar terms shall be deemed to refer to Employee’s “separation from service,” within the meaning of Section 409A of the Code. Notwithstanding any other provision in this Agreement, to the extent the RSUs constitute nonqualified deferred compensation, within the meaning of Section 409A, then (i) if such RSUs are conditioned upon Employee’s execution of a release and are scheduled to be paid during a designated period that begins in one taxable year and ends in a second taxable year, such RSUs shall be paid in the later of the two taxable years and (ii) if Employee is a specified employee (within the meaning of Section 409A of the Code) as of the date of Employee’s separation from service, if such RSUs are payable upon Employee’s separation from service and would have been paid prior to the six-month anniversary of Employee’s separation from service, then the payment of such RSUs shall be delayed until the earlier to occur of (A) the first day of the seventh month following Employee’s separation from service or (B) the date of Employee’s death.

 

Executed as of the Grant Date.

 

JOHN BEAN TECHNOLOGIES CORPORATION

	
 

By:
	  	  	  
	  	
Vice President, Human Resources
	  	
<<Signed Electronically>>

	  	  	  	  
	  	  	  	  
	  	  	  	  
	  	  	  	
<<Acceptance Date>>

 

This document constitutes part of a prospectus covering securities that have been registered under the Securities Act of 1933.

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