ACACIA RESEARCH CORPORATION PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENTPerformance-Based Restricted Stock Unit Award Agreement • August 3rd, 2023 • Acacia Research Corp • Patent owners & lessors • Delaware
Acacia Research Corporation (the “Company”) has on the Grant Date specified above (the “Grant Date”) granted to the Grantee, pursuant to the Company’s 2016 Stock Incentive Plan (the “Plan”), an award (the “Award”) to receive performance-based restricted stock units (the “PSUs”), subject to certain restrictions and on the terms and conditions contained in this Performance-based Restricted Stock Unit Award Agreement (this “Agreement”) and the Plan. The Target Number of PSUs set forth above represents the number of shares of the Company’s Common Stock (the “Common Stock”) that may vest if the Performance Criteria are achieved at the Target Level. However, the actual number of PSUs that may vest pursuant to this Agreement will range from 0% to 200% of the Target Number of PSUs based upon the extent to which the Plan Administrator determines the Performance Criteria are achieved during the Performance Period in accordance with Exhibit A. Any terms not defined herein shall have the meaning s
ACACIA RESEARCH CORPORATION RESTRICTED STOCK UNIT AWARD AGREEMENTRestricted Stock Unit Award Agreement • August 3rd, 2023 • Acacia Research Corp • Patent owners & lessors • Delaware
Acacia Research Corporation (the “Company”) has on the Grant Date specified above (the “Grant Date”) granted to the Grantee, pursuant to the Company’s 2016 Stock Incentive Plan (the “Plan”), an award (the “Award”) to receive that number of restricted stock units (the “Restricted Stock Units”) indicated above. Each Restricted Stock Unit represents the right to receive one share of the Company’s Common Stock (the “Common Stock”), subject to certain restrictions and on the terms and conditions contained in this Restricted Stock Unit Award Agreement (this “Agreement”) and the Plan. Any terms not defined herein shall have the meaning set forth in the Plan. The Restricted Stock Units are being granted to Grantee in order to provide an incentive for Grantee to provide services to the Company and to devote Grantee’s best efforts towards its growth and success, and Grantee shall not be required to pay any purchase price or other consideration upon conversion of any Restricted Stock Units into s
