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Restricted Stock Unit Award Agreement
"I need a Restricted Stock Unit Award Agreement under Malaysian law for our new Chief Technology Officer, with a grant of 50,000 RSUs vesting over 4 years starting March 1, 2025, with standard clawback provisions and tax clauses."
1. Parties: Identification of the Company (Grantor) and the Employee (Grantee)
2. Background: Context of the RSU grant, reference to any equity incentive plan, and corporate approvals obtained
3. Definitions: Key terms used throughout the agreement including 'RSUs', 'Vesting Date', 'Share', 'Plan', etc.
4. Grant of RSUs: Details of the RSU grant including number of units and grant date
5. Vesting Schedule: Specific conditions and timeline for RSU vesting
6. Rights and Restrictions: Rights attached to RSUs, including voting rights, dividend equivalents, and transfer restrictions
7. Settlement of RSUs: Process and timing for converting vested RSUs into shares or cash
8. Tax Obligations: Treatment of tax liabilities and withholding requirements
9. Termination of Employment: Impact of employment termination on unvested and vested RSUs
10. Compliance with Laws: Requirements for compliance with Malaysian securities laws and regulations
11. Data Privacy: Consent for collection and processing of personal data
12. Governing Law: Specification of Malaysian law as governing law and jurisdiction
13. General Provisions: Standard contractual provisions including notices, amendments, and entire agreement clause
1. Change in Control: Provisions addressing the treatment of RSUs in case of corporate restructuring or acquisition - include if company anticipates potential M&A activity
2. Malus and Clawback: Provisions allowing company to recoup or cancel RSUs in cases of misconduct - include for senior executives or if required by corporate governance policies
3. International Provisions: Additional terms for cross-border grants - include if recipient is not based in Malaysia
4. Non-Competition and Non-Solicitation: Restrictive covenants tied to the RSU grant - include for senior employees or in sensitive positions
5. Electronic Acceptance: Provisions for electronic grant acceptance and administration - include if using electronic equity management system
6. Shareholder Rights: Detailed shareholder rights pre and post vesting - include if recipients get special rights different from ordinary shareholders
1. Schedule 1 - Grant Notice: Specific details of the grant including number of RSUs, grant date, and vesting schedule
2. Schedule 2 - Vesting Conditions: Detailed performance or time-based conditions for vesting
3. Schedule 3 - Administrative Procedures: Procedures for RSU administration, settlement, and tax withholding
4. Appendix A - Equity Incentive Plan: Copy or summary of the main equity incentive plan under which RSUs are granted
5. Appendix B - Tax Summary: Summary of tax implications and withholding requirements in Malaysia
6. Appendix C - Consent Forms: Required regulatory and data privacy consent forms
Authors
Technology
Financial Services
Banking
Telecommunications
Manufacturing
Professional Services
Oil and Gas
E-commerce
Healthcare
Education
Real Estate
Consumer Goods
Digital Services
Human Resources
Legal
Finance
Corporate Secretarial
Compensation and Benefits
Executive Management
Board Secretariat
Compliance
Tax
Payroll
Chief Executive Officer
Chief Financial Officer
Chief Technology Officer
Senior Vice President
Vice President
Director
Senior Manager
Manager
Software Engineer
Financial Analyst
Product Manager
Sales Executive
Research Scientist
Legal Counsel
Human Resources Manager
Department Head
Technical Lead
Business Development Manager
Operations Manager
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