Restricted Stock and Performance Award Grant Restricted Stock and Performance Award Agreement under the 2017 Omnibus Stock Incentive Plan, as Amended June 13, 2017 Grantee: __________ No. of Restricted Shares: ____________Restricted Stock and Performance Award Agreement • April 15th, 2021 • Perma-Pipe International Holdings, Inc. • Industrial & commercial fans & blowers & air purifing equip • Illinois
This Agreement (the “Agreement”) evidences the award of (i) ___________ restricted shares of Common Stock (each, a “Restricted Share” and, collectively, the “Restricted Shares”) subject to a vesting schedule, and (ii) a performance award (the “Performance Award”) relating to the performance period of the Company’s fiscal years 2020-2022 (the “Performance Period”) with a target dollar amount of $_________ (the “Target Amount”), that Perma-Pipe International Holdings, Inc., a Delaware corporation (the “Company”), has granted to you, ________________, effective as of ____________ (the “Grant Date”), pursuant to the 2017 Omnibus Stock Incentive Plan, as Amended June 13, 2017 (the “Plan”) and conditioned upon your agreement to the terms described below. All of the provisions of the Plan are expressly incorporated into this Agreement. This Agreement and the award made hereunder supersede and replace any equity-based award granted to you by the Company in calendar year 2020 and any award agre
