EX-10.9
from 10-Q
8 pages
US-Docs\137263878.1 Energy Vault Holdings, Inc. 2022 Equity Incentive Plan Restricted Stock Unit Agreement Grant of Rsus Subject to All of the Terms and Conditions Set Forth in the Notice of Restricted Stock Unit Award (The “Grant Notice”), This Restricted Stock Unit Agreement (The “Agreement”) and the Plan, the Company Has Granted to You the Number of Rsus Set Forth in the Grant Notice. All Capitalized Terms Used in This Agreement Shall Have the Meanings Assigned to Them in This Agreement, the Grant Notice or the Plan. Nature of Rsus Your Rsus Are Bookkeeping Entries. They Represent Only the Company’s Unfunded and Unsecured Promise to Issue Shares of the Company’s Common Stock on a Future Date. as a Holder of Rsus, You Have No Rights Other Than the Rights of a General Creditor of the Company. Payment for Rsus No Payment Is Required for the Rsus That You Are Receiving. Vesting the Rsus Vest in Accordance With the Vesting Schedule Set Forth in the Grant Notice. in No Event Will Any Additional Rsus Vest After Your Service Has Terminated for Any Reason Unless Expressly Provided in a Written Agreement Between You and the Company. the Company Determines Whether and When Your Service Terminates for All Purposes of Your Rsus. Termination of Service/Forfeiture if Your Service Terminates for Any Reason, Then Your Rsus Will Be Forfeited to the Extent That They Have Not Vested Before the Termination Date and Do Not Vest as a Result of the Termination of Your Service. This Means That Any Rsus That Have Not Vested Under This Agreement Will Be Cancelled Immediately. You Will Receive No Payment for Rsus That Are Forfeited
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