Restricted Stock Agreement (Genie AI)

The Restricted Stock Agreement (Genie AI) is a legal template that outlines the terms and conditions between a company and its employees regarding the granting and vesting of restricted stock units (RSUs). This agreement is specifically designed for Genie AI, a technology-based company, but can be customized for any similar organization. The agreement specifies the number of RSUs granted to the employee, the vesting schedule, and any performance or time-based conditions that must be met to fully realize the benefits of the RSUs. It also contains provisions for situations like early termination, change of control, and stock transfers. This template ensures that both the company and the employee understand their rights and obligations relating to restricted stock, and provides a legally binding framework for the ownership and transfer of these shares.