SEC Contract Filing

Filing Date: 2018-08-07

Document Content:
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<TYPE>EX-10.3
<SEQUENCE>3
<FILENAME>evri-ex103_48.htm
<DESCRIPTION>EX-10.3
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.3</p>
<p style="margin-bottom:0pt;margin-top:12pt;text-align:center;text-indent:0%;font-weight:bold;font-size:14pt;font-family:Times New Roman Bold;text-transform:uppercase;font-style:normal;font-variant: normal;">Everi Holdings Inc.</p>
<p style="margin-bottom:0pt;text-align:center;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:14pt;font-family:Times New Roman Bold;text-transform:uppercase;font-style:normal;font-variant: normal;">Non-Employee Director</p>
<p style="margin-bottom:0pt;text-align:center;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:14pt;font-family:Times New Roman Bold;text-transform:uppercase;font-style:normal;font-variant: normal;">Notice OF GRANT of Deferred Restricted Stock UnitS</p>
<p style="margin-bottom:0pt;margin-top:12pt;text-align:justify;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Everi Holdings Inc. (the &#8220;<font style="font-weight:bold;font-style:italic;">Company</font>&#8221;) has granted to the Participant an award of restricted stock units (&#8220;<font style="font-weight:bold;font-style:italic;">RSU</font><font style="font-style:italic;">s</font>&#8221;) under the Company&#8217;s 2012 Equity Incentive Plan, as amended (as the same may be amended and/or amended and restated from time to time, the &#8220;<font style="font-weight:bold;font-style:italic;">Plan</font>&#8221;), each of which represents the right to receive one (1) Share on the applicable Settlement Date (the &#8220;<font style="font-weight:bold;font-style:italic;">Award</font>&#8221;).&nbsp;&nbsp;The Participant is not eligible to make an election to receive other compensation in exchange or in substitution for this Award.&nbsp;&nbsp;</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Participant:</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">_________________</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Award No.:<font style="font-weight:normal;"> ___________________</font></p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Date of Grant<font style="font-weight:normal;">:</font></p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">____________, 201_</p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Total Number of RSUs<font style="font-weight:normal;">:</font></p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">_____________, subject to adjustment as provided by the Restricted Stock Units Agreement.</p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Vesting Schedule<font style="font-weight:normal;">:</font></p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Provided that the Participant&#8217;s Service has not terminated prior to the applicable date, the number of vested RSUs (disregarding any resulting fractional unit) as of any date is determined by multiplying the Total Number of RSUs by the &#8220;<font style="font-weight:bold;font-style:italic;">Vested Ratio</font>&#8221; determined as of such date, as follows:</p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;;font-size:10pt;">&nbsp;</p></td>
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