Employee Restricted Stock Unit Grant Restricted Stock Unit Agreement under the 2021 Omnibus Stock Incentive PlanEmployee Restricted Stock Unit Grant • April 19th, 2022 • Perma-Pipe International Holdings, Inc. • Industrial & commercial fans & blowers & air purifing equip • Illinois
This Agreement (the “Agreement”) evidences the award of restricted stock units (each, a “Award Unit,” and collectively, the “Award Units”), entitling the grantee to receive one share of Common Stock (a “Share”) on a future date, that Perma-Pipe International Holdings, Inc., a Delaware corporation (the “Company”), has granted to you effective as of________ (the “Grant Date”), pursuant to the 2021 Omnibus Stock Incentive Plan (the “Plan”) and conditioned upon your agreement to the terms described below. This award is contingent on your acceptance of this Agreement within ninety (90) days after you receive notice of the award by signing where indicated below. If you do not accept this Agreement within ninety (90) days, this award will be void and you will not be entitled to any benefits under this Agreement. All of the provisions of the Plan are expressly incorporated into this Agreement.
