SEC Contract Filing

Filing Date: 2019-05-30

Document Content:
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<TYPE>EX-10.9
<SEQUENCE>2
<FILENAME>d748470dex109.htm
<DESCRIPTION>EX-10.9
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<TITLE>EX-10.9</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.9 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MIMEDX GROUP, INC. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>2016
EQUITY AND CASH INCENTIVE PLAN </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Restricted Stock Agreement </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">No. of shares </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">of Restricted Stock: _________ </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS RESTRICTED STOCK AGREEMENT (this &#147;Agreement&#148;) dated as of the _____ day of &nbsp;&nbsp;&nbsp;&nbsp;<U></U>, 201___, between
MiMedx Group, Inc. (the &#147;Company&#148;) and _________________ (the &#147;Participant&#148;), is made pursuant and subject to the provisions of the Company&#146;s 2016 Equity and Cash Incentive Plan (the &#147;Plan&#148;), a copy of which is
attached hereto. All terms used herein that are defined in the Plan have the same meaning given them in the Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;<I>&nbsp;&nbsp;Grant of Restricted Stock. </I>Pursuant to the Plan, the Company, on ___________ ____, 201__ (the
&#147;Date of Grant&#148;), granted to the Participant, subject to the terms and conditions of the Plan and subject further to the terms and conditions set forth herein, this Restricted Stock Award for ______ shares of Common Stock (the
&#147;Shares&#148;). The Shares are nontransferable and forfeitable until the time they vest and become nonforfeitable as described herein. The Shares will vest and become nonforfeitable as set forth in Section&nbsp;2 below. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.&nbsp;&nbsp;&nbsp;&nbsp;<I>&nbsp;&nbsp;Vesting of the Shares. </I>Subject to earlier expiration or termination as provided herein, the
Shares will become vested and nonforfeitable as follows<I>:</I> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;<I>Time-Based Vesting</I>. The Shares will
become vested and nonforfeitable with respect to <FONT STYLE="white-space:nowrap">one-third</FONT> (1/3) of the Shares on the Date of Grant and <FONT STYLE="white-space:nowrap">one-third</FONT> of the Shares (rounded to the nearest whole Share) will
vest on each of the first and second anniversaries of the Date of Grant, and with respect to the remaining Shares on the third anniversary of the Date of Grant, provided the Participant has been continuously employed by, or providing services to,
the Company or an Affiliate from the Date of Grant until such time(s). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;<I>Change of Control</I>.
Notwithstanding the foregoing, upon the occurrence of a Change of Control, the Shares shall become vested and nonforfeitable at the time of the Change of Control, provided the Participant has been continuously employed by, or providing services to,
the Company or an Affiliate from the Date of Grant until the time of the Change of Control. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;<I>Death and
Disability</I>. Additionally, if the Participant&#146;s employment with the Company and its Affiliates is terminated on account of the Participant&#146;s death or Disability, the Shares shall become vested and nonforfeitable on termination of the
Participant&#146;s employment with the Company and its Affiliates on account of the Participant&#146;s death or Disability. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT STYLE="white-space:nowrap">&nbsp;&nbsp;Non-Transferability</FONT> of the Shares. </I> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;<I>Transfer Restrictions</I>. Participant shall not assign or transfer any Shares while such Shares remain
forfeitable, other than by will or the laws of descent and distribution. No right or interest of Participant or any transferee in the Shares shall be subject to any lien or any obligation or liability of the Participant or any transferee. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;<I>Investment Intent. </I>Participant represents and warrants to
the Company that Participant is acquiring the Shares only for investment and without any present intention to sell or distribute such Shares. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;<I>Securities Law Compliance</I>. Notwithstanding any other provision of this Agreement or the Plan, the Participant
may not sell or otherwise transfer the Shares unless the sale of the Shares is registered under th