DATE \@ "M/d/yyyy h:mm am/pm" 4/15/2023 10:55 AM
Exhibit 10.50
RESTRICTED STOCK UNIT AGREEMENT
NON-PLAN
This RESTRICTED STOCK UNIT AGREEMENT (this “Agreement”), entered into as of September 8, 2022 (the “Grant Date”), sets forth the terms and conditions of an award (this “Award”) of restricted stock units (“RSUs”) granted by Giga-tronics, Inc., a California corporation (the “Company”), to __________ (the “Recipient”).
WHEREAS, the Company closed a Share Exchange Agreement with Gresham Worldwide, Inc (“GWW”) which required the Company to assume RSUs granted to the Recipient.
NOW THEREFORE, in consideration of the mutual covenants and promises hereafter set forth and for other good and valuable consideration, receipt of which is acknowledged, the parties hereto agree as follows:
2
3
4
The Recipient: To the Recipient at the address on the signature page of this Agreement
The Company: Giga-tronics, Inc.
7272 E. Indian School Road, Suite 540
Scottsdale, AZ 85251
Attention: Lutz Henckels
Email:lhenckles@gigatronics.com
with a copy to: Michael D. Harris, Esq.
Nason, Yeager, Gerson, Harris & Fumero, P.A.
3001 PGA Boulevard, Suite 305
Palm Beach Gardens, Florida 33410
Email: mharris@nasonyeager.com
or to such other address as either of them, by notice to the other may designate from time to time. Time shall be counted to, or from, as the case may be, the delivery in person or by mailing.
5
[Signature Page To Follow]
6
The parties hereto have set their hand and seals the day and year first above written.
GIGA-Tronics, INC.
By:
_________________, Chief Financial Officer
RECIPIENT:
_________________
M:\15779-GIGA\Agreements\RSU Agreement Form -Non-Plan - 4-14-23.docx/aaa
7