SEC Contract Filing

Filing Date: 2019-08-09

Document Content:
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<TYPE>EX-10.8
<SEQUENCE>5
<FILENAME>d743682dex108.htm
<DESCRIPTION>EX-10.8
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<TITLE>EX-10.8</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.8 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Party City Holdco Inc. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Amended and Restated 2012 Omnibus Equity Incentive Plan </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RESTRICTED STOCK UNIT AWARD AGREEMENT </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap">(NON-EMPLOYEE</FONT> DIRECTORS) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS AGREEMENT (this &#147;<B>Award Agreement</B>&#148;), is made effective as of [&#9679;], 2019 (the &#147;<B>Date of Grant</B>&#148;), by
and between Party City Holdco Inc., a Delaware corporation (the &#147;<B>Company</B>&#148;), and [&#9679;] (the &#147;<B>Participant</B>&#148;). Capitalized terms not otherwise defined herein shall have the meanings set forth in the Party City
Holdco Inc. Amended and Restated 2012 Omnibus Equity Incentive Plan (as amended from time to time, the &#147;<B>Plan</B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>R E C
I T A L S</U>: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Committee has determined that it would be in the best interests of the Company and its stockholders to
grant the Award provided for herein to the Participant pursuant to the Plan and the terms set forth herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOW THEREFORE</B>, in
consideration of the mutual covenants hereinafter set forth, the parties agree as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1. <U>Grant of the Award</U>. The Company hereby grants to the
Participant an Award of [&#9679;]<B> (</B>[&#9679;]<B>)</B> restricted stock units (the &#147;<B>RSUs</B>&#148;). Each RSU represents the conditional right to receive one Share, subject to the terms and conditions set forth in the Plan and this
Award Agreement, and subject to adjustment as set forth in the Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">2. <U>Vesting</U>. To the extent not earlier terminated or forfeited, the RSUs shall
vest in full on the first to occur of (a)&nbsp;the first anniversary of the Date of Grant, (b)&nbsp;the termination of the Participant&#146;s Service as a result of his or her death or (c)&nbsp;a Change of Control, subject, in each case, to the
Participant&#146;s continued Service through the applicable date (such applicable date, the &#147;<B>Vesting Date</B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">3. <U>Termination of
Service</U>. Subject to <U>Section</U><U></U><U>&nbsp;2(b)</U> above, if the Participant&#146;s Service ceases for any reason, the RSUs, to the extent not then vested, will be automatically and immediately forfeited without consideration. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">4. <U>Delivery of Shares; Company Policies</U>. Not later than thirty (30)&nbsp;days following the Vesting Date, the Company shall effect delivery of the
Shares with respect to such vested RSUs to the Participant. The Participant&#146;s sales or other dispositions of Shares acquired upon settlement of the RSUs shall be subject to applicable restrictions under Company policies applicable to the
Participant, including those covering insider trading, as in effect from time to time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">5. <U>Certain Tax Matters</U>. The Participant expressly
acknowledges and agrees that he or she shall be responsible for satisfying and paying all taxes arising from or due in connection with the grant, vesting, settlement and holding of the RSUs. The Company and its Subsidiaries shall have no liability
or obligation relating to the foregoing. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">6. <U>Dividends</U>. The RSUs shall have no rights with respect to dividends declared by the Company with
respect to its capital stock, provided that the foregoing shall not prohibit or otherwise limit the adjustment of the terms of this Award Agreement in accordance with the terms of the Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">7. <U>Transferability</U>. Unless otherwise determined by the Committee, the Participant shall not be permitted to transfer or assign the RSUs except in the
event of death and in accordance with <U>Section</U><U></U><U>&nbsp;14.6</U> of the Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">8. <U>RSUs Subject to Plan</U>. By entering into this Award
Agreement the Participant agrees and acknowledges that the Participant has received and read a copy of the Plan. The RSUs are subject to the terms and conditions of the Plan. In the event of a conflict between any term hereof and a term of the Plan,
the applicable term of the Plan shall govern and prevail. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Ti