ENERGY RECOVERY, INC. RESTRICTED STOCK UNIT AGREEMENTRestricted Stock Unit Agreement • October 27th, 2023 • Energy Recovery, Inc. • Special industry machinery, nec
Energy Recovery, Inc., a Delaware corporation (the “Company”), pursuant to its 2020 Incentive Plan (the “Plan”), hereby grants to the individual listed below (the “Grantee”) an Award for the number of Restricted Stock Units set forth below. This Award of Restricted Stock Units is subject to all of the terms and conditions as set forth herein, in the Restricted Stock Unit Agreement that is attached hereto (the “Restricted Stock Unit Agreement”), including the special provisions for the Grantee’s country of residence, if any, set forth in the Addendum, the Claw-Back Policy (the “Claw-Back Policy”), if applicable, and the Plan, each of which is incorporated herein by reference. Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Restricted Stock Unit Grant Notice (“Grant Notice”) and the Restricted Stock Unit Agreement, including the Addendum.
