Exhibit 10.36
RESTRICTED STOCK AWARD AGREEMENT
UNDER THE 2022 heritage global inc. equity INCENTIVE PLAN
(Non-Employee Directors)
Name of Grantee:
No. of Shares:
Grant Date:
Pursuant to the 2022 Heritage Global Inc. Equity Incentive Plan, as amended through the date hereof (the “Plan”), Heritage Global Inc. (the “Company”) hereby grants a Restricted Stock Award (an “Award”) to the Grantee named above. Upon acceptance of this Award, the Grantee shall receive the number of shares of Common Stock, par value $0.0001 per share (the “Stock”) of the Company specified above, subject to the restrictions and conditions set forth herein and in the Plan. The Company acknowledges the receipt from the Grantee of consideration with respect to the par value of the Stock in the form of cash, past or future services rendered to the Company by the Grantee or such other form of consideration as is acceptable to the Administrator.
Incremental Number | Vesting Date |
_____________ (___%) _____________ (___%) _____________ (___%) _____________ (___%) _____________ (___%) | ____________ ____________ ____________ ____________ ____________ |
Notwithstanding anything herein to the contrary, upon the Grantee’s continued Service Relationship with the Company through the consummation of a Sale Event where unvested and outstanding equity awards are assumed, substituted, or continued by the Company or its successor entity following the Sale Event, if the Grantee’s Service Relationship with the Company is terminated by the Company within 12 months following a Sale Event, 100% of the unvested shares of Restricted Stock shall immediately vest as of such termination date. Subsequent to such Vesting Date or Dates, the shares of Stock on which all restrictions and conditions have lapsed shall no longer be deemed Restricted Stock. The Administrator may at any time accelerate the vesting schedule specified in this Paragraph 3.
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HERITAGE GLOBAL INC.
By:
Title:
The foregoing Agreement is hereby accepted and the terms and conditions thereof hereby agreed to by the undersigned. Electronic acceptance of this Agreement pursuant to the Company’s instructions to the Grantee (including through an online acceptance process) is acceptable.
Dated:
Grantee’s Signature
Grantee’s name and address:
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