SEC Contract Filing

Filing Date: 2022-09-07

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>tm2225332d2_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.2</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Restricted Stock Unit No.________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>THE ONE GROUP HOSPITALITY,&nbsp;INC.</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Notice of Grant of Restricted Stock Units (&ldquo;RSUs&rdquo;)
for Employees, Directors and Consultants</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">under the Company&rsquo;s</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">2019 Equity Incentive Plan (the &ldquo;<B>Plan</B>&rdquo;)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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 <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif">1.</TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Name and Address of &ldquo;<B>Participant</B>&rdquo;:</TD>
 <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif">Emanuel N. Hilario</TD></TR>
 <TR STYLE="font-size: 10pt; vertical-align: bottom">
 <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
 <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">5880 South Clayton Court</TD></TR>
 <TR STYLE="font-size: 10pt; vertical-align: bottom">
 <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
 <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Greenwood Village, Colorado 80121</TD></TR>
 <TR STYLE="font-size: 10pt; vertical-align: bottom">
 <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
 <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
 <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
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 <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; width: 0.5in">2.</TD>
 <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif">Date of Grant of RSUs:</TD>
 <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif">September&nbsp;2, 2022</TD></TR>
 <TR STYLE="font-size: 10pt; vertical-align: bottom">
 <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
 <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
 <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
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 <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif">3.</TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Shares of Common Stock underlying RSUs:</TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">100,000</TD></TR>
 </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Vesting
of RSUs. Subject to the continued employment of Participant with the Company or any Affiliate (and subject to Section&nbsp;6 and Section&nbsp;7
below), 25% of the RSUs will vest on each of August&nbsp;31, 2023, 2024, 2025 and 2026 (each, a &ldquo;<B>Vesting Date</B>&rdquo;). RSUs
shall be </FONT>settled as soon as practicable after the applicable Vesting Date, but in no event later than 60 days after the Vesting
Date.</P>

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<TD STYLE="width: 0.5in">5.</TD><TD STYLE="text-align: justify">Tax Withholding.</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">(a)&nbsp;By accepting this Award, if
Participant does not otherwise provide cash to the Company sufficient for any sums required to satisfy the federal, state, local and foreign
tax withholding obligations of the Company or any Affiliate which arise in connection with the Award (the &ldquo;<B>Withholding Obligation</B>&rdquo;)
and if the Company does not inform Participant it will satisfy the Withholding Obligation by withholding shares subject to the Award,
Participant (A)&nbsp;acknowledges and agrees that he elects to proceed as set forth in Section&nbsp;5(a)(i)&nbsp;(&ldquo;<B>Sell to Cover</B>&rdquo;)
to permit Participant to satisfy the Withholding Obligation and that the Withholding Obligation shall be satisfied pursuant to this Section&nbsp;5(a)&nbsp;to
the fullest extent not otherwise satisfied pursuant to the provisions of Section&nbsp;5(b)&nbsp;hereof and (B)&nbsp;further acknowledges
and agrees to the following provisions:</P>

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<P STYLE="font: 10pt Ti