SEC Contract Filing

Filing Date: 2021-03-11

Document Content:
<DOCUMENT>
<TYPE>EX-10.31
<SEQUENCE>3
<FILENAME>asur-20201231xex1031.htm
<DESCRIPTION>EX-10.31
<TEXT>
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<title>Document</title></head><body><div id="i04ef6e96edcc466290968a51864da304_1"></div><div style="min-height:55pt;width:100%"><div><font><br></font></div></div><div style="margin-top:3.5pt;padding-left:0.45pt;padding-right:0.45pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:115%">ASURE SOFTWARE, INC.</font></div><div style="padding-left:0.37pt;padding-right:0.37pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:115%">2018 INCENTIVE AWARD PLAN</font></div><div style="margin-top:0.45pt"><font><br></font></div><div style="padding-left:0.45pt;padding-right:0.45pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">RESTRICTED STOCK UNIT AWARD AGREEMENT</font></div><div style="margin-top:0.3pt"><font><br></font></div><div style="margin-top:0.05pt;padding-left:5pt;padding-right:5.65pt;text-align:justify;text-indent:35.95pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Asure Software, Inc., a Delaware corporation (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Company</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221;), has granted to the Participant the number of restricted stock units (&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Restricted Stock Units</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; or &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">RSUs</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221;) set forth in the Grant Notice under the Company&#8217;s 2018 Incentive Award Plan, as amended from time to time (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Plan</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221;). Each Restricted Stock Unit represents the right to receive one share of Common Stock (a &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Share</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221;) upon vesting. By accepting this award through AST&#8217;s Equity Plan Solutions, the Participant agrees to be bound by the terms and conditions of the Plan and the Restricted Stock Unit Aware Agreement (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Agreement</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221;), including those restrictive covenants set forth in Article III of the Agreement (if applicable to Participant) and confirms that the Company&#8217;s grant of this award of Restricted Stock Units is discretionary and that Participant is not otherwise entitled to this award. The Participant has reviewed the Plan and the Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to accepting this award and fully understands all provisions of the Plan and the Agreement. The Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions arising under the Plan and the Agreement and understands that Participant would not be awarded these Restricted Stock Units, but for Participant&#8217;s agreement to all of the terms and conditions of the Plan, the Agreement and this Grant Notice. In addition, by accepting this award through AST&#8217;s Equity Plan Solutions, the Participant also agrees that the Company, in its sole discretion, may satisfy any withholding obligations in accordance with Section 2.6(b) of the Agreement by (i) withholding shares of Common Stock otherwise issuable to the Participant upon vesting of the RSUs, (ii) instructing a broker on the Participant&#8217;s behalf to sell shares of Common Stock otherwise issuable to the Participant upon vesting of the RSUs and submit the proceeds of such sale to the Company, or (iii) using any other method permitted by Section 2.6(b) of the Agreement or the Plan.</font></div><div style="margin-top:0.35pt"><font><br></font></div><div style="padding-left:0.47pt;padding-right:0.47pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">ARTICLE I.</font></div><div style="margin-top:0.35pt;padding-left:0.5pt;padding-right:0.5pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">GENERAL</font></div><div style="margin-top:0.35pt"><font><br></font></div><div style="padding-right:6pt;text-align:justify;text-indent:53.95pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;fon