SEC Contract Filing

Filing Date: 2023-01-25

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>lrn-20221231xex10d1.htm
<DESCRIPTION>EX-10.1
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge 9.14.0.96--><!--Created on: 1/24/2023 02:31:51 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:8.82%;padding-right:8.82%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:right;margin:0pt;"><b style="font-weight:bold;">Exhibit 10.1</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:center;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt -6pt 12pt -6pt;padding:6pt;"><b style="font-family:'Times New Roman Bold';font-weight:bold;text-transform:uppercase;">Stride,</b><b style="font-weight:bold;"> INC.</b><b style="font-weight:bold;"><br></b><b style="font-weight:bold;">2016 INCENTIVE AWARD PLAN</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;line-height:1.19;text-align:center;text-transform:uppercase;margin:0pt 0pt 12pt 0pt;">PERFORMANCE SHARE Unit Grant Notice</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Capitalized terms not specifically defined in this Performance Share Unit Grant Notice (the &#8220;<font style="font-style:italic;font-weight:bold;">Grant Notice</font>&#8221;) have the meanings given to them in the 2016 Incentive Award Plan (as amended from time to time, the &#8220;<font style="font-style:italic;font-weight:bold;">Plan</font>&#8221;) of Stride, Inc. (the &#8220;<font style="font-style:italic;font-weight:bold;">Company</font>&#8221;).</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The Company hereby grants to you (&#8220;<font style="font-style:italic;font-weight:bold;">Participant</font>&#8221;) the Performance Share Units described in this Grant Notice (the &#8220;<font style="font-style:italic;font-weight:bold;">PSUs</font>&#8221;), subject to the terms and conditions of the Plan and the Performance Share Unit Agreement (the &#8220;<font style="font-style:italic;font-weight:bold;">Agreement</font>&#8221;), both of which are incorporated into this Grant Notice by reference. </p><div style="padding-left:6.3pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:93.57%;"><tr><td style="vertical-align:top;width:38.93%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;margin:0pt 0pt 6pt 0pt;"><b style="font-weight:bold;">Participant:</b></p></td><td style="vertical-align:top;width:61.06%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;margin:0pt 0pt 6pt 0pt;"><b style="font-weight:bold;">[____]</b> </p></td></tr><tr><td style="vertical-align:top;width:38.93%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;margin:0pt 0pt 6pt 0pt;"><b style="font-weight:bold;">Grant Date:</b></p></td><td style="vertical-align:top;width:61.06%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;margin:0pt 0pt 6pt 0pt;"><b style="font-weight:bold;">[____]</b></p></td></tr><tr><td style="vertical-align:top;width:38.93%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;margin:0pt 0pt 6pt 0pt;"><b style="font-weight:bold;">Target Number of PSUs:</b></p></td><td style="vertical-align:top;width:61.06%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;margin:0pt 0pt 6pt 0pt;"><b style="font-weight:bold;">[____]</b></p></td></tr><tr><td style="vertical-align:top;width:38.93%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;margin:0pt 0pt 6pt 0pt;"><b style="font-weight:bold;">Vesting:</b></p></td><td style="vertical-align:top;width:61.06%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;margin:0pt 0pt 6pt 0pt;">The PSUs are eligible to vest as set forth in <u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Appendix A</u> </p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">By Participant&#8217;s signature below, Participant agrees to be bound by the terms of this Grant Notice, the Plan and the Agreement. &#160;Participant has reviewed the Plan, this Grant Notice and the Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Grant Notice and fully understands all provisions of the Plan, this Grant Notice and the Agreement. &#160;Participant hereby agrees to accept as binding, con