[Non-Employee Director FY 2024 RSU]
John B. Sanfilippo & Son, Inc. 2023 Omnibus Incentive Plan
Restricted Stock Unit Award Agreement
[Insert Date]
[Insert Name of Participant]
In accordance with the terms of the John B. Sanfilippo & Son, Inc. 2023 Omnibus Incentive Plan (the “Plan”), pursuant to action of the Board of John B. Sanfilippo & Son, Inc. (the “Company”), the Company hereby grants to you (the “Recipient”), subject to the terms and conditions set forth in this Restricted Stock Unit Award Agreement (including Annex A hereto) (the “RSU Award Agreement”), Restricted Stock Units as set forth below.
Unless otherwise specified, capitalized terms used herein or in Annex A shall have the meanings specified in the Plan. The terms and conditions of the Plan are incorporated by reference and govern except to the extent that, when permitted by the Plan, this RSU Award Agreement provides otherwise.
Each RSU corresponds to one Share and is an unfunded and unsecured promise by the Company to deliver such Share on a future date as set forth herein. Until such delivery, you only have the rights of a general unsecured creditor of the Company and not as a stockholder with respect to the Shares underlying your RSUs.
Number of RSUs Granted: | [#] |
Date of Grant: | [xx/xx/xxxx] |
Period of Restriction: | Date of Grant through the date of the Company’s fiscal Annual Meeting of stockholders.
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Share Payment Date: | Each RSU will convert to the right to receive one Share on the day following the date the Period of Restriction ends (including due to accelerated vesting as contemplated in Annex A) with respect to that RSU, with the Share being delivered to the Recipient as soon as administratively possible thereafter (but no later than 60 days thereafter). |
RSUs are subject to cancellation as provided herein (including Annex A) and the Plan.
Further terms and conditions of your Award of RSUs are set forth in Annex A, which is an integral part of this RSU Award Agreement.
By accepting this Award, you hereby acknowledge the receipt of a copy of this RSU Award Agreement, including Annex A, and a copy of the Plan and agree to be bound by all terms and provisions hereof (including those in Annex A) and thereto.
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[Non-Employee Director FY 2024 RSU]
John B. Sanfilippo & Son, Inc.
Recipient:
Print Name:
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[Non-Employee Director FY 2024 RSU]
Annex A
Restricted Stock Unit Award Agreement
Further Terms and Conditions of Award. It is understood and agreed that the Award of RSUs evidenced by the RSU Award Agreement to which this is annexed is subject to the following additional terms and conditions:
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[Non-Employee Director FY 2024 RSU]
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[Non-Employee Director FY 2024 RSU]
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