SEC Contract Filing

Filing Date: 2021-06-30

Document Content:
<DOCUMENT>
<TYPE>EX-10.18
<SEQUENCE>16
<FILENAME>ea143467ex10-18_electric.htm
<DESCRIPTION>FORM OF RESTRICTED STOCK UNIT AWARD AGREEMENT (TIME-VESTING)
<TEXT>
<HTML>
<HEAD><TITLE></TITLE></HEAD>
<BODY STYLE="margin:0;padding:0;border-width:0;text-justify-trim: punctuation; margin: 0; padding: 10pt;"><P STYLE="text-align: right; margin: 0"><FONT STYLE="font-size: 10pt"><B>Exhibit
 10.18</B></FONT></P><DIV STYLE="margin:0;padding:0;border-width:0;width:600px;margin: 0 auto;">
	<DIV CLASS="_idGenObjectStyleOverride-1" STYLE="margin:0;padding:0;border-width:0;border-width:0pt;">
 <P CLASS="H1" STYLE="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:bold;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:1;page-break-after:avoid;page-break-before:auto;text-align:center;text-indent:0;widows:1;margin-top:12pt;"><FONT CLASS="Bold" STYLE="font-style: normal"><B>FORUM
MERGER III CORPORATION 2020 INCENTIVE PLAN<BR></B></FONT><B><FONT CLASS="Bold---Underline" STYLE="font-style: normal"><U>RESTRICTED STOCK
UNIT AWARD AGREEMENT</U></FONT></B></P>
 <P CLASS="Text_ind" STYLE="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:24pt;widows:3;margin-top:0pt;text-align:center;margin-top:0pt;"><FONT CLASS="Bold" STYLE="font-style:normal;font-weight:bold;">(Time</FONT><FONT CLASS="nobreak"><FONT CLASS="Bold" STYLE="font-style:normal;font-weight:bold;">-Vesting</FONT></FONT><FONT CLASS="Bold" STYLE="font-style:normal;font-weight:bold;">)</FONT></P>
 <P CLASS="Text_ind" STYLE="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:24pt;widows:3;margin-top:8pt;">THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (this &#x201c;<FONT CLASS="Italic" STYLE="font-style:italic;font-weight:normal;">Agreement</FONT>&#x201d;) is made and entered into as of [&#x2022;], 20[&#x2022;] (the &#x201c;<FONT CLASS="Italic" STYLE="font-style:italic;font-weight:normal;">Grant Date</FONT>&#x201d;), by and between Forum Merger III Corporation, a Delaware corporation (the &#x201c;<FONT CLASS="Italic" STYLE="font-style:italic;font-weight:normal;">Company</FONT>&#x201d;), and the employee of the Company or one of its affiliates whose signature is set forth on the signature page hereof (the &#x201c;<FONT CLASS="Italic" STYLE="font-style:italic;font-weight:normal;">Participant</FONT>&#x201d;).</P>
 <P CLASS="H1" STYLE="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:bold;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:1;page-break-after:avoid;page-break-before:auto;text-align:center;text-indent:0;widows:1;margin-top:12pt;"><FONT CLASS="Bold" STYLE="font-style:normal;font-weight:bold;">W I T N E S S E T H:</FONT></P>
 <P CLASS="Text_ind" STYLE="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:24pt;widows:3;margin-top:8pt;">WHEREAS, the Company has adopted the Forum Merger III Corporation 2020 Incentive Plan (the &#x201c;<FONT CLASS="Italic" STYLE="font-style:italic;font-weight:normal;">Plan</FONT>&#x201d;), which permits the Company to issue incentive awards to certain of its or its affiliates&#x2019; key personnel; and</P>
 <P CLASS="Text_ind" STYLE="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:24pt;widows:3;margin-top:8pt;">WHEREAS, the Participant is an employee of the Company or one of its affiliates whom the Company wishes to provide with the opportunity to receive restricted stock units representing the right to receive a specified number of shares of Common Stock if the Participant remains in employment until the applicable vesting date.</P>
 <P CLASS="Text_ind" STYLE="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:24pt;widows:3;margin-top:8pt;">NOW, THEREFORE, in consideration of the premises and of the covenants and agreements herein set forth, the parties hereby mutually covenant and agree as follows:</P>
 <P CLASS="Text_ind" STYLE="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:24pt;widows:3;margin-top:8pt;">1. <FONT CLASS="Underline" STYLE="text-decoration:underline;">Award of RSUs</FONT>. Subject to the terms and conditions set forth herein, the Company hereby awards the Participant restricted stock units (the &#x201c;<FONT CLASS="Italic" STYLE="font-style:italic;font-weight:normal;">RSUs</FONT>&#x201d;) relating to ______ shares of Common Stock.</P>
 <P CLASS="Text_ind" STYLE="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:10pt;font-s