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Restricted Stock Grant Agreement
"I need a Restricted Stock Grant Agreement under Singapore law for granting 50,000 shares to our new Chief Technology Officer, with a 4-year vesting period starting March 1, 2025, and standard clawback provisions in case of departure to competitors."
1. Parties: Identification of the company and recipient of restricted stock
2. Background: Context of the grant and reference to any stock plan
3. Definitions: Key terms used throughout the agreement including 'Restricted Stock', 'Vesting Date', 'Grant Date', etc.
4. Grant of Restricted Stock: Details of shares granted and conditions of grant
5. Vesting Schedule: Timing and conditions for vesting of shares
6. Restrictions on Transfer: Limitations on sale or transfer of shares
7. Termination Provisions: Effects of employment termination on restricted stock
8. Tax Provisions: Tax obligations and responsibilities under Singapore law
9. Governing Law: Specification of Singapore law as governing law
1. Change of Control Provisions: Terms applying in case of company ownership change - recommended for listed companies or those anticipating corporate transactions
2. Shareholder Rights: Voting and dividend rights during restriction period - used when granting specific shareholder rights during vesting
3. Clawback Provisions: Terms for recovering shares in specific circumstances - used when company policy requires potential share recovery
1. Schedule 1 - Vesting Schedule: Detailed timeline of vesting dates and conditions
2. Schedule 2 - Share Certificate: Form of share certificate to be issued
3. Schedule 3 - Tax Election Forms: Required tax forms and elections under Singapore law
4. Schedule 4 - Stock Plan Terms: Reference to relevant portions of company stock plan
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