Restricted Stock Unit Award Agreement (Genie AI)

The Restricted Stock Unit (RSU) Award Agreement (Genie AI) is a legal template that outlines the terms and conditions under which an individual employee or director is awarded restricted stock units by their employer or company, who in this case is referred to as Genie AI. RSUs are a form of compensation commonly used by companies to incentivize and retain key personnel.

This legal document provides a comprehensive framework for the RSU award, including the details of the RSU grant, the vesting schedule, and the conditions upon which the RSUs will be subject to forfeiture or transfer. It also specifies the rights and obligations of both the company and the recipient, such as the adjustment of RSUs in the event of a corporate transaction or change in control.

Furthermore, the agreement addresses tax implications, including the responsibility of the company to withhold applicable taxes on the RSUs and the potential tax consequences for the recipient. It may also cover other legal provisions, such as confidentiality requirements, non-competition clauses, and dispute resolution mechanisms.

Overall, the Restricted Stock Unit Award Agreement (Genie AI) serves as a binding contract between Genie AI and the recipient of the RSUs, ensuring clarity, transparency, and compliance regarding the terms and conditions of the RSU award.