SEC Contract Filing

Filing Date: 2021-08-06

Document Content:
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>2
<FILENAME>srga-ex105_293.htm
<DESCRIPTION>EX-10.5
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srga-ex105_293.htm
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<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 10.5</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;;font-size:11pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">SURGALIGN HOLDINGS, INC.</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;;font-size:11pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:11pt;font-weight:bold;text-transform:uppercase;font-family:Times New Roman;font-style:normal;font-variant: normal;">RESTRICTED STOCK UNIT AGREEMENT</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;;font-weight:normal;font-style:normal;font-size:11pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">1.<font style="margin-left:36pt;"></font><font style="font-weight:bold;font-style:italic;">Award of Restricted Stock Units.</font>&nbsp;&nbsp;SURGALIGN HOLDINGS, INC., a Delaware corporation (the &#8220;<font style="text-decoration:underline;">Company</font>&#8221;) hereby grants, as of [&#9679;] (the &#8220;<font style="text-decoration:underline;">Date of Grant</font>&#8221;), to [&#9679;] (the &#8220;<font style="text-decoration:underline;">Recipient</font>&#8221;), [&#9679;] Restricted Stock Units (collectively the &#8220;<font style="text-decoration:underline;">Restricted Stock Units</font>&#8221;).&nbsp;&nbsp;The Restricted Stock Units shall be subject to the terms, provisions and restrictions set forth in this Restricted Stock Unit Agreement (this &#8220;<font style="text-decoration:underline;">Agreement</font>&#8221;) and the Surgalign Holdings, Inc. 2021 Incentive Compensation Plan, as may be amended from time to time (the &#8220;<font style="text-decoration:underline;">Plan</font>&#8221;), which is incorporated herein for all purposes.&nbsp;&nbsp;As a condition to entering into this Agreement, the Recipient agrees to be bound by all of the terms and conditions herein and in the Plan.&nbsp;&nbsp;Unless otherwise provided herein, terms used herein that are defined in the Plan and not defined herein shall have the meanings attributable thereto in the Plan.&nbsp;&nbsp; </p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="margin-bottom:11pt;text-align:justify;margin-top:0pt;text-indent:0%;;font-weight:normal;font-style:normal;font-size:11pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">2.<font style="margin-left:36pt;"></font><font style="font-weight:bold;font-style:italic;">Vesting of Restricted Stock Units.</font></p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:7.69%;;font-weight:normal;font-style:normal;font-size:11pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">(a)<font style="margin-left:36pt;"></font><font style="font-weight:bold;font-style:italic;">General Vesting.&nbsp;&nbsp;</font>The Restricted Stock Units shall become vested in the following amounts, at the following times and upon the following conditions, provided that the Continuous Service of the Recipient continues through and on the applicable Vesting Date:</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Number of Restricted Stock Units</font></p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Vesting Date</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">[one-third number of shares]</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">[one year anniv.]</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">[one-eighth of remaining shares]</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">[15 month anniv.]</p></td>
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