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Restricted Stock Award Agreement
"I need a Restricted Stock Award Agreement under Singapore law for our Series B startup, granting 50,000 restricted shares to our new CTO with a 4-year vesting schedule starting March 1, 2025, and including standard good leaver/bad leaver provisions."
1. Parties: Identifies the company granting the award and the recipient employee
2. Background: Explains the context of the award and references to any equity incentive plan
3. Definitions: Defines key terms used throughout the agreement
4. Grant of Restricted Stock: Details of the restricted stock award including number of shares and grant date
5. Vesting Schedule: Specifies the vesting timeline and conditions
6. Restrictions on Transfer: Details transfer restrictions during the vesting period
7. Termination of Employment: Consequences of employment termination on unvested shares
8. Tax Obligations: Addresses tax implications and responsibilities
1. Change in Control Provisions: Accelerated vesting provisions in case of company sale/merger - use for companies considering potential M&A activity
2. Clawback Provisions: Company's right to recover shares in specific circumstances - use for senior executive agreements or regulated industries
3. International Supplements: Additional terms for cross-border awards - use when recipient is based outside Singapore
1. Vesting Schedule: Detailed breakdown of vesting dates and conditions
2. Share Plan Rules: Copy or summary of the governing equity incentive plan
3. Tax Summary: Overview of tax implications in relevant jurisdictions
4. Notice of Exercise Form: Template for exercising rights under the agreement
5. Shareholder Rights Summary: Summary of rights attached to the restricted shares
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