Exhibit 10.11
PERFORMANCE STOCK UNIT AWARD AGREEMENT
DASEKE, INC.
2017 OMNIBUS INCENTIVE PLAN
This PERFORMANCE STOCK UNIT AWARD AGREEMENT (this “Agreement”), is made as of May 6, 2020, between Daseke, Inc. (the “Company”), and Rick Williams (the “Participant”), and is made pursuant to the terms of the Company’s 2017 Omnibus Incentive Plan, as amended and restated (the “Plan”). Capitalized terms used herein but not defined shall have the meanings set forth in the Plan. For the purposes of this Agreement, the “Grant Date” shall be May 6, 2020.
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Performance Vesting Schedule | |
Hurdle Price | Percentage of PSUs Vested* |
$4.00 | 33.33% |
$6.00 | 33.33% |
$9.00 | 33.34% |
*Any resultant fractional PSU shall not become vested and instead shall be subject to the next performance vesting hurdle. |
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Participant’s relevant tax jurisdiction on the Shares’ Fair Market Value at the time such determination is made.
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[SIGNATURES ON FOLLOWING PAGE]
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IN WITNESS WHEREOF, the parties hereto have executed this Agreement effective as of the Grant Date.
DASEKE, INC.
By:/s/ Christopher Easter
Name:Chris Easter
Title:CEO
PARTICIPANT
/s/ Rick Williams
Participant’s Signature Date
Name:Rick Williams
Address: