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Grantee: | %%FIRST_NAME_LAST_NAME%% |
Number of Restricted Stock Units “RSUs”: | %%TOTAL_SHARES_GRANTED,7%% |
Agreement Date: | %%OPTION_DATE,1%% |
Date of Grant: | %%VEST_BASE_DATE,1% |
Vesting Schedule: | The RSUs shall become nonforfeitable and payable in substantially equal installments on each of the first four anniversaries of the Date of Grant, with each such anniversary constituting a vesting date |
CECO ENVIRONMENTAL CORP.
Restricted Stock Units Agreement
This RESTRICTED STOCK UNITS AGREEMENT (this “Agreement”) is made as of the date set forth above (the “Date of Grant”), by and between CECO Environmental Corp., a Delaware corporation (the “Company”), and the individual named above (the “Grantee”).
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[SIGNATURES ON FOLLOWING PAGE]
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CECO ENVIRONMENTAL CORP.
By:
Name: Todd Gleason
Title: Chief Executive Officer
Grantee Acknowledgment and Acceptance
By: Electronic Signature*
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* The Grantee acknowledges and agrees that by clicking the [“Accept”] button on the E*TRADE website, it will act as the Grantee’s electronic signature to this Agreement and will constitute the Grantee’s acceptance of and agreement with all of the terms and conditions set forth in this Agreement and the Plan.
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APPENDIX A
NON-U.S. ADDENDUM
(RSUs)
Additional Terms and Conditions for Equity Grants Under the CECO Environmental Corp. 2021 Equity and Incentive Compensation Plan
February 2023
Terms and Conditions
This Appendix A includes additional terms and conditions that govern the RSUs granted to the Grantee under the CECO Environmental Corp. 2021 Equity and Incentive Compensation Plan (referred to as the “Plan”) if the Grantee works and/or resides in one of the countries listed below. Certain capitalized terms used but not defined in this Appendix A have the meanings set forth in the Plan and/or the Grantee’s award agreement (the “Agreement”) that relates to the Grantee’s award. By accepting the award, the Grantee agrees to be bound by the terms and conditions contained in the paragraphs below in addition to the terms of the Plan, the Agreement, and the terms of any other document that may apply to the Grantee and the award.
Notifications
This Appendix A also includes information regarding exchange controls and certain other issues of which the Grantee should be aware with respect to participation in the Plan. The information is based on the securities, exchange control, and other laws in effect in the respective countries as of February 2023. Such laws are often complex and change frequently. As a result, it is strongly recommended that the Grantee not rely on the information in this Appendix A as the only source of information relating to the consequences of the Grantee’s participation in the Plan because the information may be out of date at the time the Grantee vests in the RSUs or sells Common Stock acquired under the Plan.
In addition, the information contained herein is general in nature and may not apply to the Grantee’s particular situation, and CECO Environmental Corp. (the “Company”) is not in a position to assure the Grantee of a particular result. Accordingly, the Grantee is advised to seek appropriate professional advice as to how the relevant laws in the Grantee’s country may apply to the Grantee’s situation.
Finally, if the Grantee is a citizen or resident of a country other than the one in which the Grantee is currently working, transferred employment after the RSUs were granted to the Grantee, or is considered a resident of another country for local law purposes, the information contained herein may not apply.
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