Exhibit 10.4
RESTRICTED STOCK UNIT AWARD AGREEMENT UNDER THE
INNOVATIVE SOLUTIONS AND SUPPORT, INC. 2019 STOCK-BASED INCENTIVE COMPENSATION PLAN
THISRESTRICTEDSTOCKUNITAWARDAGREEMENT(this
“Agreement”) evidences an award of Restricted Stock Units by Innovative Solutions and Support, Inc., a Pennsylvania corporation (the “Company”) to [ ] (the "Grantee") under the terms and conditions of the Innovative Solutions and Support, Inc. Amended and Restated 2019 Stock-Based Incentive Compensation Plan (as it may be amended and/or restated from time to time, the “Plan”), with such grant having been made on [ ] (the “Grant Date”). This Agreement constitutes an Award Agreement for purposes of the Plan.
RECITALS
WHEREAS, the Company maintains the Plan;
WHEREAS, the Plan permits the Company to award Restricted Stock Units with respect to shares of the Company’s Common Stock, $0.001 par value per share (“Shares”), subject to the terms of the Plan; and
WHEREAS, the Company desires to grant Restricted Stock Units to the Grantee in accordance with the terms of this Agreement.
2. | Vesting; Settlement. |
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[End of Agreement]
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IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by an appropriate officer and Optionee has executed this Agreement, both as of the day and year first above written.
INNOVATIVE SOLUTIONS AND SUPPORT, INC.
By:
Date: [ ] Shahram Askarpour Chief Executive Officer
Agreed to and Accepted
[ ]
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