Inducement Award Agreement Sample Contracts

EX-10.8 9 dex108.htm INDUCEMENT AWARD AGREEMENT - MICHAEL B. HINEY INDUCEMENT AWARD AGREEMENT
Inducement Award Agreement • May 5th, 2020 • Delaware

THIS INDUCEMENT AWARD AGREEMENT (this “Award Agreement”) is made on May 1, 2009 by and between Constellation Energy Partners LLC, a Delaware limited liability company (“CEP”), and Michael B. Hiney (“Executive”).

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INDUCEMENT AWARD AGREEMENT
Inducement Award Agreement • July 1st, 2019 • GameStop Corp. • Retail-computer & computer software stores • Delaware

THIS INDUCEMENT AWARD AGREEMENT (this “Agreement”), effective as of July 1, 2019 (the “Effective Date”), represents the grant of restricted shares of Class A common stock, par value $.001 per share (“Restricted Shares”) of GameStop Corp. (the “Company”) to James A. Bell (the “Participant”), subject to the terms and conditions set forth below. The Company and the Participant agree as follows:

Evolve Transition Infrastructure LP 2021 Equity Inducement Award Program Inducement Award Agreement Relating to Restricted Units – NYSE American: SNMP
Inducement Award Agreement • November 9th, 2021 • Evolve Transition Infrastructure LP • Crude petroleum & natural gas • Delaware
COHERENT CORP. INDUCEMENT AWARD AGREEMENT (RESTRICTED SHARE UNITS)
Inducement Award Agreement • October 16th, 2024 • Coherent Corp. • Optical instruments & lenses • Pennsylvania

THIS INDUCEMENT AWARD AGREEMENT (RESTRICTED SHARE UNITS) (this “Agreement”) is dated as of October 11, 2024 (the “Grant Date”), by and between Coherent Corp., a Pennsylvania corporation (“Coherent”), and Sherri R. Luther, the newly hired Chief Financial Officer and Treasurer of Coherent (the “Recipient”), all as contemplated by the offer letter of employment by and between Coherent and Recipient dated October 10, 2024 (the “Offer Letter”).

WPX ENERGY, INC. PERFORMANCE-BASED RESTRICTED STOCK UNIT INDUCEMENT AWARD AGREEMENT
Inducement Award Agreement • May 2nd, 2014 • WPX Energy, Inc. • Crude petroleum & natural gas • Delaware

THIS PERFORMANCE-BASED RESTRICTED STOCK UNIT INDUCEMENT AWARD AGREEMENT and Appendices A and B attached hereto (this “Agreement”), contains the terms and conditions for the Restricted Stock Units (“Restricted Stock Units” or “RSUs”), is by and between WPX ENERGY, INC., a Delaware corporation (the “Company”) and the individual identified on the last page hereof (the “Participant”).

MISTRAS GROUP, INC. INDUCEMENT AWARD AGREEMENT
Inducement Award Agreement • March 11th, 2024 • Mistras Group, Inc. • Services-engineering services • Delaware

This Inducement Award Agreement (this “Award Agreement”), effective as of the Date of Grant set forth below, represents the grant of an option (the “Option”) to purchase shares of common stock, par value $.01 per share (“Common Stock”), of Mistras Group, Inc. (the “Company”) to Manuel N. Stamatakis (the “Participant”), subject to the terms and conditions set forth below. The grant of the Option has been made by the Board of Directors (the “Board”) of the Company and the Compensation Committee (the “Committee”) of the Board. The number of shares of Common Stock that may be purchased pursuant to the Option, and the per share exercise price (the “Exercise Price”) payable for shares of Common Stock upon exercise of the Option, are set forth in Article I of this Award Agreement.

DIEBOLD NIXDORF, INCORPORATED CEO INDUCEMENT AWARD AGREEMENT
Inducement Award Agreement • February 21st, 2018 • DIEBOLD NIXDORF, Inc • Calculating & accounting machines (no electronic computers) • Ohio

This CEO Inducement Award Agreement (this “Agreement”) is made and entered into as of February 21, 2018 by and between Diebold Nixdorf, Incorporated, an Ohio corporation (the “Company”) and Gerrard Schmid (the “Executive”)

FOREST OIL CORPORATION PERFORMANCE UNIT INDUCEMENT AWARD AGREEMENT October 1, 2012
Inducement Award Agreement • October 1st, 2012 • Forest Oil Corp • Crude petroleum & natural gas • New York

This Agreement sets forth the terms of the agreement between you and the Company with respect to the Performance Units. By accepting this Agreement, you agree to be bound by all of the terms hereof.

TIME-VESTED CASH AWARD (INDUCEMENT AWARD) AGREEMENT
Inducement Award) Agreement • November 5th, 2020 • Noble Corp • Drilling oil & gas wells • Texas

THIS TIME-VESTED CASH AWARD (INDUCEMENT AWARD) AGREEMENT (this “Instrument”), effective as of July 1, 2020, by and between Noble Corporation plc, a public limited company incorporated under the laws of England and Wales (the “Company”), and Robert W. Eifler (“Employee”), evidences the time-vested Cash Award (as defined in the Noble Corporation 2015 Omnibus Incentive Plan, as amended (the “Plan”) granted hereunder to Employee and sets forth the restrictions, terms and conditions that apply thereto.

TIMKENSTEEL CORPORATION Performance-Based Restricted Share Unit Inducement Award Agreement
Inducement Award Agreement • January 5th, 2021 • TimkenSteel Corp • Steel works, blast furnaces & rolling mills (coke ovens) • Ohio

WHEREAS, the grant of performance-based restricted share units evidenced hereby (the “Grant”) was authorized by a resolution of the Compensation Committee (including any successors, the “Committee”) of the Board and the execution of a performance-based restricted share unit inducement award agreement substantially in the form hereof (this “Agreement”) was authorized by a resolution of the Committee;

Norfolk Southern Corporation Long-Term Incentive Plan Inducement Award Agreement Non-Qualified Stock Option
Inducement Award Agreement • August 28th, 2019 • Norfolk Southern Corp • Railroads, line-haul operating • Virginia

This AGREEMENT dated as of <Date> (Award Date), between NORFOLK SOUTHERN CORPORATION (Corporation), a Virginia corporation, and MARK R. GEORGE (Participant).

UNITED STATES
Inducement Award Agreement • April 15th, 2019

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Norfolk Southern Corporation Long-Term Incentive Plan Inducement Award Agreement Performance-Based Restricted Stock Units
Inducement Award Agreement • August 28th, 2019 • Norfolk Southern Corp • Railroads, line-haul operating • Virginia

This AGREEMENT dated as of <Date> (Award Date), between NORFOLK SOUTHERN CORPORATION (Corporation), a Virginia corporation, and MARK R. GEORGE (Participant).

MINIM, INC. INDUCEMENT AWARD AGREEMENT FOR RESTRICTED STOCK UNITS
Inducement Award Agreement • December 16th, 2021 • Minim, Inc. • Telephone & telegraph apparatus • Delaware

This Inducement Award Agreement for Restricted Stock Units (this “Agreement”) is made and entered into as of December 6, 2021 (the “Grant Date”) by and between Minim, Inc., a Delaware corporation (the “Company”), and Mr. Bill Wallace (the “Grantee”).

SUMMIT WIRELESS TECHNOLOGIES, INC. INDUCEMENT AWARD AGREEMENT FOR RESTRICTED SHARES
Inducement Award Agreement • November 12th, 2021 • Summit Wireless Technologies, Inc. • Semiconductors & related devices • Delaware

This INDUCEMENT AWARD AGREEMENT FOR RESTRICTED SHARES (this “Agreement”) is made by Summit Wireless Technologies, Inc., Inc., a Delaware corporation (the “Company”) and the participant named on the grant schedule attached hereto (the “Grantee”) as of September 13, 2021.

COHERENT CORP. INDUCEMENT AWARD AGREEMENT (RESTRICTED SHARE UNITS)
Inducement Award Agreement • June 3rd, 2024 • Coherent Corp. • Optical instruments & lenses • Pennsylvania

THIS INDUCEMENT AWARD AGREEMENT (RESTRICTED SHARE UNITS) (this “Agreement”) is dated as of June 3, 2024 (the “Grant Date”), by and between Coherent Corp., a Pennsylvania corporation (“Coherent”), and JAMES R. ANDERSON, the newly hired Chief Executive Officer of Coherent (the “Recipient”), all as contemplated by the offer letter of employment by and between Coherent and Recipient dated May 31, 2024 (the “Offer Letter”).

ENOVA INTERNATIONAL, INC. INDUCEMENT AWARD AGREEMENT FOR GRANT OF RESTRICTED STOCK UNITS
Inducement Award Agreement • October 13th, 2020 • Enova International, Inc. • Personal credit institutions • Illinois

This Inducement Award Agreement for Grant of Restricted Stock Units (the “Agreement”) is entered into by and between Enova International, Inc. (the “Company”) and Noah Breslow (“Associate”).

THOMPSON CREEK METALS COMPANY INC. RESTRICTED SHARE UNIT INDUCEMENT AWARD AGREEMENT
Inducement Award Agreement • November 22nd, 2013 • Thompson Creek Metals Co Inc. • Metal mining • Colorado

This Restricted Share Unit Inducement Award Agreement (this “Agreement”) is between Thompson Creek Metals Company Inc. (the “Company”), and you, the Participant named above. The Company wishes to grant to you a Restricted Share Unit Award, subject to the terms and conditions of this Agreement, in connection with your entry into that certain employment agreement with the Company dated as of August 1, 2013 (the “Employment Agreement”). This Award (as defined below) is an inducement material to the Participant’s entry into employment within the meaning of New York Stock Exchange Listed Company Manual Section 303A.08. Accordingly, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Company and you hereby agree as follows:

COHERENT CORP. INDUCEMENT AWARD AGREEMENT (PERFORMANCE SHARE UNITS)
Inducement Award Agreement • June 3rd, 2024 • Coherent Corp. • Optical instruments & lenses • Pennsylvania

THIS INDUCEMENT AWARD AGREEMENT (PERFORMANCE SHARE UNITS) (this “Agreement”) is dated as of June 3, 2024 (the “Grant Date”) by and between Coherent Corp., a Pennsylvania corporation (“Coherent”), and the JAMES R. ANDERSON, the newly hired Chief Executive Officer of Coherent (the “Recipient”), all as contemplated by the offer letter of employment by and between Coherent and Recipient dated May 31, 2024 (the “Offer Letter”).

Recro Pharma, Inc. Inducement Award Agreement for Restricted Stock Units
Inducement Award Agreement • August 9th, 2021 • Recro Pharma, Inc. • Pharmaceutical preparations • Pennsylvania

THIS INDUCEMENT AWARD AGREEMENT FOR RESTRICTED STOCK UNITS (this “Agreement”) is made by Recro Pharma, Inc. (the “Company”) to the participant named on the grant schedule attached hereto (the “Grantee”), dated as of the date set forth on the grant schedule attached hereto (the “Grant Date”).

COHERENT CORP. INDUCEMENT AWARD AGREEMENT (PERFORMANCE SHARE UNITS)
Inducement Award Agreement • November 14th, 2024 • Coherent Corp. • Optical instruments & lenses • Pennsylvania

THIS INDUCEMENT AWARD AGREEMENT (PERFORMANCE SHARE UNITS) (this “Agreement”) is dated as of November 14, 2024 (the “Grant Date”) by and between Coherent Corp., a Pennsylvania corporation (“Coherent”), and the Sherri R. Luther, the newly hired Chief Financial Officer and Treasurer of Coherent (the “Recipient”), all as contemplated by the offer letter of employment by and between Coherent and Recipient dated October 10, 2024 (the “Offer Letter”). This Agreement amends and restates in its entirety the award agreement originally furnished to the Recipient to reflect an agreed-to change in the Performance Period.

FORM OF INDUCEMENT AWARD FOR NONQUALIFIED STOCK OPTIONS
Inducement Award Agreement • October 29th, 2021 • 1895 Bancorp of Wisconsin, Inc. /MD/ • Savings institutions, not federally chartered
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WiSA TECHNOLOGIES, INC. INDUCEMENT AWARD AGREEMENT FOR RESTRICTED SHARES
Inducement Award Agreement • October 1st, 2024 • Wisa Technologies, Inc. • Semiconductors & related devices • California

This INDUCEMENT AWARD AGREEMENT FOR RESTRICTED SHARES (this “Agreement”) is made by WiSA Technologies, Inc., a Delaware corporation (the “Company”), and the grantee identified on the grant schedule attached hereto (the “Grantee”) as of September 30, 2024.

TELA BIO, INC. INDUCEMENT AWARD AGREEMENT FOR RESTRICTED STOCK UNIT RESTRICTED STOCK UNIT GRANT NOTICE AND RESTRICTED STOCK UNIT AGREEMENT
Inducement Award Agreement • March 23rd, 2023 • TELA Bio, Inc. • Surgical & medical instruments & apparatus • Delaware

TELA Bio, Inc., a Delaware corporation (the “Company”), hereby grants to the individual listed below (“Participant”) an award of the number of Restricted Stock Units set forth below (the “Restricted Stock Units”) as an inducement to the Participant’s acceptance of the Company’s offer of employment. The Restricted Stock Units are subject to the terms and conditions set forth in this Restricted Stock Unit Grant Notice (the “Grant Notice”) and the Restricted Stock Unit Agreement attached hereto as Exhibit A (the “Agreement”). The Restricted Stock Units constitute a non-plan “inducement award” as contemplated by NASDAQ Listing Rule 5635(c)(4) and is therefore not made pursuant to the TELA Bio, Inc. 2019 Equity Incentive Plan (the “Plan”). Nonetheless, the terms and provisions of the Plan are hereby incorporated into the Grant Notice and Agreement by this reference, as if the Restricted Stock Units were granted pursuant to the Plan. Unless otherwise defined herein, the terms defined in the

UNITED STATES
Inducement Award Agreement • November 12th, 2023 • Delaware

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act:

MEDIFAST, INC. INDUCEMENT AWARD AGREEMENT
Inducement Award Agreement • October 5th, 2016 • Medifast Inc • Miscellaneous food preparations & kindred products • Delaware

This INDUCEMENT AWARD AGREEMENT (the “Agreement”), dated as of October 3, 2016 (the “Date of Grant”) is delivered by Medifast, Inc. (the “Company”), to Daniel Chard (the “Grantee”). This Agreement provides for the grant of stock-based awards with respect to shares of common stock, par value $0.01 per share, of the Company, in accordance with the terms and conditions of this Agreement. The Compensation Committee (the “Committee”) of the Board of Directors of the Company (the “Board”) has decided to make a stock-based award in the form of a grant of Restricted Shares and a grant of Deferred Shares, subject to the terms and conditions set forth in this Agreement, as an inducement for the Grantee to promote the best interests of the Company and its stockholders.

Norfolk Southern Corporation Long-Term Incentive Plan Inducement Award Agreement Restricted Stock Units
Inducement Award Agreement • August 28th, 2019 • Norfolk Southern Corp • Railroads, line-haul operating • Virginia

This AGREEMENT dated as of <Date> (Award Date), between NORFOLK SOUTHERN CORPORATION (Corporation), a Virginia corporation, and MARK R. GEORGE (Participant).

TELA BIO, INC. INDUCEMENT AWARD AGREEMENT FOR NON-QUALIFIED STOCK OPTION STOCK OPTION GRANT NOTICE AND STOCK OPTION AGREEMENT
Inducement Award Agreement • March 23rd, 2023 • TELA Bio, Inc. • Surgical & medical instruments & apparatus • Delaware

TELA Bio, Inc., a Delaware corporation (the “Company”) hereby grants to the individual listed below (“Grantee”) a non-qualified stock option to purchase the number of Shares set forth below (the “Option”) as an inducement to the Grantee’s acceptance of the Company’s offer of employment. The Option is subject to the terms and conditions set forth in this Stock Option Grant Notice (the “Grant Notice”) and the Stock Option Agreement attached hereto as Exhibit A (the “Agreement”). This Option constitutes a non-plan “inducement award” as contemplated by NASDAQ Listing Rule 5635(c)(4) and is therefore not made pursuant to the TELA Bio, Inc. 2019 Equity Incentive Plan (the “Plan”). Nonetheless, the terms and provisions of the Plan are hereby incorporated into the Grant Notice and Agreement by this reference, as if this Option was granted pursuant to the Plan. Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Grant Notice and the Agreem

COHERENT CORP. INDUCEMENT AWARD AGREEMENT (PERFORMANCE SHARE UNITS)
Inducement Award Agreement • October 16th, 2024 • Coherent Corp. • Optical instruments & lenses • Pennsylvania

THIS INDUCEMENT AWARD AGREEMENT (PERFORMANCE SHARE UNITS) (this “Agreement”) is dated as of October 11, 2024 (the “Grant Date”) by and between Coherent Corp., a Pennsylvania corporation (“Coherent”), and the Sherri R. Luther, the newly hired Chief Financial Officer and Treasurer of Coherent (the “Recipient”), all as contemplated by the offer letter of employment by and between Coherent and Recipient dated October 10, 2024 (the “Offer Letter”).

ASCENT SOLAR TECHNOLOGIES, INC. INDUCEMENT AWARD AGREEMENT
Inducement Award Agreement • August 7th, 2009 • Ascent Solar Technologies, Inc. • Semiconductors & related devices • Colorado

This INDUCEMENT AWARD AGREEMENT (the “Award Agreement”) is made as of August 3, 2009 by and between ASCENT SOLAR TECHNOLOGIES, INC., a Delaware corporation (the “Company”), and Farhad Moghadam (the “Optionee”).

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