SEC Contract Filing

Filing Date: 2020-03-13

Document Content:
<DOCUMENT>
<TYPE>EX-10.35
<SEQUENCE>4
<FILENAME>gpapanier-2019rsuagree.htm
<DESCRIPTION>EXHIBIT 10.35
<TEXT>
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<div><a name="s866931FC92792CA2D2AEA71A0C829AD4"></a></div><div><div style="line-height:120%;text-indent:654px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div></div><div><br></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.35</font></div><div style="line-height:120%;padding-bottom:16px;text-align:right;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">RESTRICTED STOCK UNIT AWARD AGREEMENT</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">Twin River Worldwide Holdings, Inc.</font><font style="font-family:inherit;font-size:10pt;">&#32;<br></font><font style="font-family:Arial;font-size:12pt;font-weight:bold;">2015 Stock Incentive Plan</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">This Award Agreement (this &#8220;</font><font style="font-family:Arial;font-size:12pt;text-decoration:underline;">Agreement</font><font style="font-family:Arial;font-size:12pt;">&#8221;) is made as of April 2, 2019 (the &#8220;</font><font style="font-family:Arial;font-size:12pt;text-decoration:underline;">Grant Date</font><font style="font-family:Arial;font-size:12pt;">&#8221;) between Twin River Worldwide Holdings, Inc. (the &#8220;</font><font style="font-family:Arial;font-size:12pt;text-decoration:underline;">Company</font><font style="font-family:Arial;font-size:12pt;">&#8221;), and George T. Papanier (&#8220;</font><font style="font-family:Arial;font-size:12pt;text-decoration:underline;">Participant</font><font style="font-family:Arial;font-size:12pt;">&#8221;), pursuant to the terms of the Twin River Worldwide Holdings, Inc. 2015 Stock Incentive Plan (the &#8220;</font><font style="font-family:Arial;font-size:12pt;text-decoration:underline;">Plan</font><font style="font-family:Arial;font-size:12pt;">&#8221;). Any capitalized term used herein but not defined herein shall have the meaning set forth in the Plan.</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:16px;text-align:justify;text-indent:48px;"><font style="padding-bottom:16px;text-align:justify;font-family:Arial;font-size:12pt;font-weight:bold;padding-right:96px;">Section 1.</font><font style="font-family:Arial;font-size:12pt;font-weight:bold;text-decoration:underline;">Grant of Restricted Stock Units</font><font style="font-family:Arial;font-size:12pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:12pt;">&#32;&#32;The Company has granted to Participant, subject to the terms and conditions hereinafter set forth and in the Plan, a Restricted Stock Unit Award consisting of 40,784 restricted stock units (the &#8220;</font><font style="font-family:Arial;font-size:12pt;text-decoration:underline;">Restricted Stock Units</font><font style="font-family:Arial;font-size:12pt;">&#8221;). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">Section 2.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:12pt;font-weight:bold;text-decoration:underline;">Vesting of the Restricted Stock Units</font><font style="font-family:Arial;font-size:12pt;font-weight:bold;">.</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:Arial;font-size:12pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;text-decoration:underline;">Generally</font><font style="font-family:Arial;font-size:12pt;">. Except as otherwise provided herein, 50% of the Restricted Stock Units will vest on December 31, 2019 and the remaining 50% unvested Restricted Stock Units will vest on December 31, 2020, subject to Participant&#8217;s continuous Service with the Company or a Subsidiary on each such date. For purposes of this Agreement, the continuous Service with the Company or a Subsidiary will not be deemed to have been interrupted, and Participant shall not be deemed to have ceased to be an employee of the Company or a Subsidiary, by reason of the transfer of Participant&#8217;s employment among the Company and its Subsidiaries. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:Arial;font-size:12pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;fon