Exhibit 10.4
STEPAN COMPANY
2022 EQUITY incentive compensation plan
NOTICE OF GRANT OF RESTRICTED STOCK UNITS
Stepan Company (the “Company”) hereby grants to the Participant Restricted Stock Units under the Stepan Company 2022 Equity Incentive Compensation Plan (the “Plan”). The Restricted Stock Units are subject to all of the terms and conditions in this Notice of Grant of Restricted Stock Units (this “Grant Notice”), in the Restricted Stock Units Agreement attached hereto (the “Agreement”) and in the Plan. Capitalized terms used, but not otherwise defined, in this Grant Notice will have the meanings given to such terms in the Plan or Agreement, as applicable, and the Plan and Agreement are hereby incorporated by reference into this Grant Notice. If there are any inconsistences between this Grant Notice or the Agreement and the Plan, the terms of the Plan shall govern.
Participant: | [___] |
Type of Grant: | Restricted Stock Units |
Date of Grant: | [____] |
Number of Restricted Stock Units: | [____] |
Vesting Schedule: | Subject to the conditions set forth in the Agreement, including but not limited to the Participant’s continuous employment with the Company or a Subsidiary until the applicable vesting date, the Restricted Stock Units shall vest [in three substantially equal installments on the first three anniversaries of the Date of Grant]. |
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STEPAN COMPANY
2022 EQUITY incentive compensation plan
RESTRICTED STOCK UNITS AGREEMENT
Stepan Company (the “Company”) has granted, pursuant to the Stepan Company 2022 Equity Incentive Compensation Plan (the “Plan”), to the Participant named in the Notice of Grant of Restricted Stock Units (the “Grant Notice”) to which this Restricted Stock Units Agreement is attached (together with the Grant Notice, this “Agreement”) Restricted Stock Units (the “RSUs”) as set forth in such Grant Notice, subject to the terms and conditions set forth in this Agreement.
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[SIGNATURES ON FOLLOWING PAGE]
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STEPAN COMPANY
By:
Name:
Title:
Participant Acknowledgment and Acceptance
By:
Name:
Date: _________________________
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