0000020232-12-000008 Sample Contracts

CHYRON CORPORATION KEY MANAGEMENT MEDIUM-TERM INCENTIVE PLAN RESTRICTED STOCK UNIT AWARD CANCELLATION AGREEMENT
Restricted Stock Unit Award Cancellation Agreement • March 21st, 2012 • Chyron Corp • Photographic equipment & supplies • New York

This RESTRICTED STOCK UNIT AWARD CANCELLATION AGREEMENT (this “Agreement”) is entered into as of this 30th day of December, 2011, between Chyron Corporation, a New York corporation (the “Company”), and the undersigned holder (the “Holder”) of a Restricted Stock Unit Award issued under the Chyron Corporation 2008 Long Term Incentive Plan, as amended on May 19, 2010 (the “Plan”), and pursuant to the Chyron Corporation Key Management Medium-Term Incentive Plan program for the number of units set forth on Annex A hereto (the “Units”) denominated in shares of the Company’s common stock, $0.01 par value, of the Company (“Company Common Stock”).

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