COMMVAULT SYSTEMS, INC. LONG-TERM STOCK INCENTIVE PLAN RESTRICTED STOCK UNIT AGREEMENT
Exhibit 10.5
This
RESTRICTED STOCK UNIT AGREEMENT (this “Agreement”) is made and entered into as of (the “Grant
Date”), by and between CommVault Systems, Inc. (the “Company”) and (the “Participant”).
Anniversary Date | Cumulative | |||
Percentage | ||||
Vested | ||||
First Anniversary of Grant Date
|
25% | |||
Quarterly Thereafter
|
6.25 | % |
(a) | The date on which Restricted Stock Units become vested is referred to as the “Vesting Date” with respect to such Restricted Stock Units. |
Any Restricted Stock Units that are not otherwise vested and nonforfeitable upon the Participant’s
termination of employment with CommVault shall be immediately forfeited and the Participant shall
have no further rights to, under or with respect to such Restricted Stock Units.
12. Governing Law. This Agreement shall be governed by and
construed according to the laws of the State of Delaware without regard to its principles of conflict of laws.
By accepting this grant, the Participant agrees to the terms of this the Agreement and the
Plan.