SEC Contract Filing

Filing Date: 2025-04-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>rdus-ex10_2.htm
<DESCRIPTION>EX-10.2
<TEXT>
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 <div style="padding-top:0.5in;z-index:-3;min-height:1in;position:relative;box-sizing:border-box;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><font style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-kerning:none;min-width:fit-content;">Exhibit 10.2</font></p></div>
 <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:12pt;text-align:center;"><font style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:11.5pt;font-family:Times New Roman;font-kerning:none;min-width:fit-content;">DEFERRED STOCK UNIT<br>AWARD AGREEMENT</font></p>
 <p style="text-indent:6.667%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:12pt;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:11.5pt;font-family:Times New Roman;font-kerning:none;min-width:fit-content;">This Deferred Stock Unit Award Agreement (this &#x201c;Agreement&#x201d;) is entered into as of January 28, 2025 (the &#x201c;Award Date&#x201d;) by and between Radius Recycling, Inc., an Oregon corporation (the &#x201c;Company&#x201d;), and [________________], a non-employee director of the Company (the &#x201c;Recipient&#x201d;), for the award of deferred stock units with respect to Common Stock.</font></p>
 <p style="text-indent:6.667%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:12pt;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:11.5pt;font-family:Times New Roman;font-kerning:none;min-width:fit-content;">The award of deferred stock units to the Recipient is made pursuant to Section 9 of the Company&#x2019;s 2024 Omnibus Incentive Plan (the &#x201c;Plan&#x201d;) and the Recipient desires to accept the award subject to the terms and conditions of this Agreement and the terms and conditions set forth in the Plan, all of which are incorporated herein in their entirety. Capitalized terms not otherwise defined herein shall have the meaning set forth in the Plan.</font></p>
 <p style="text-indent:6.667%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:12pt;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:11.5pt;font-family:Times New Roman;font-kerning:none;min-width:fit-content;">IN CONSIDERATION of the mutual covenants and agreements set forth in this Agreement, the parties agree to the following.</font></p>
 <div class="item-list-element-wrapper" style="text-indent:6.667%;font-size:0;margin-top:0;justify-content:flex-start;margin-bottom:12pt;min-width:6.667%;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:11.5pt;font-family:Times New Roman;font-kerning:none;min-width:2.4%;word-break:keep-all;text-indent:0;display:inline-flex;justify-content:flex-start;">1.</font><div style="width:100%;display:inline;"><font style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:11.5pt;font-family:Times New Roman;font-kerning:none;min-width:fit-content;">Award and Terms of Deferred Stock Units</font><font style="color:#000000;white-space:pre-wrap;font-size:11.5pt;font-family:Times New Roman;font-kerning:none;min-width:fit-content;">. The Company awards to the Recipient under the Plan [_______] deferred stock units (the &#x201c;Award&#x201d;), subject to the restrictions, terms and conditions set forth in this Agreement.</font></div></div>
 <div class="item-list-element-wrapper" style="text-indent:13.333%;font-size:0;margin-top:0;justify-content:flex-start;margin-bottom:12pt;min-width:13.333%;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:11.5pt;font-family:Times New Roman;font-kerning:none;min-width:4.8%;word-break:keep-all;text-indent:0;display:inline-flex;justify-content:flex-start;">(a)</font><div style="width:100%;display:inline;"><font style="color:#000000;white-space:pre-wrap;font-size:11.5pt;font-family:Times New Roman;font-style:italic;font-kerning:none;min-width:fit-content;">Rights under Deferred Stock Units</font><font style="color:#000000;white-space:pre-wrap;font-size:11.5pt;font-family:Times New Roman;font-kerning:none;min-width:fit-content;">. A deferred stock unit (a &#x201c;DSU&#x201d;) represents the unfunded, unsecured right to require the Company to deliver to the Recipient one share of Common Stock for each DSU. The number of shares of Common Stock deliverable with respect to each DSU is subject to adjustment as set forth in Section 11 of the Plan.</font></div></div>
 <div class="item-list-element-wrapper" style="text-indent:13.333%;font-size:0;margin-top:0;justify-content:flex-start;margin-bottom:12pt;min-width:13.333%;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:11.5pt;font-family:Times New Roman;font-kerning:none;min-width:4.8%;word-break:keep-all;text-indent:0;display:inline-flex;justify-content:flex-start;">(b)</font><div style="width:100%;display:inline;"><font style="color:#000000;white-space:pre-wrap;font-size:11.5pt;font-family:Times New Roman;font-style:italic;font-kerning:none;min-width:fit-content;">Vesting Date</font><font style="color:#000000;white-space:pre-wrap;font-size:11.5pt;font-family:Times New Roman;font-kerning:none;min-width:fit-content;">. The DSUs awarded under this Agreement shall initially be 100% unvested and subject to forfeiture. Subject to Sections 1(c) and (d), the DSUs shall vest in full on the day before the next annual meeting of shareholders following the Award Date (the &#x201c;Vesting Date&#x201d;) if the Recipient is a director of the Company on the Vesting Date and has served as a director of the Company continuously from the Award Date to the Vesting Date.</font></div></div>
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