CECO ENVIRONMENTAL CORP. Nonqualified Premium Stock Option Inducement Award AgreementNonqualified Premium Stock Option Inducement Award Agreement • July 6th, 2020 • Ceco Environmental Corp • Industrial & commercial fans & blowers & air purifing equip • Delaware
This NONQUALIFIED STOCK OPTION INDUCEMENT AWARD AGREEMENT (this “Agreement”) is made as of July 6, 2020, by and between CECO Environmental Corp., a Delaware corporation (the “Company”), and Todd Gleason (“Optionee”) with respect to the grant by the Company of nonqualified options to purchase Common Stock to Optionee (the “Grant”). This Grant is intended to be an inducement that is material to Optionee, who is entering into employment with the Company, and to encourage stock ownership by Optionee, thereby aligning Optionee’s interests with those of the stockholders of the Company. This Agreement is intended to comply with Rule 5635(c)(4) of the Nasdaq Stock Market Listing Rules, which provide an exception to the Nasdaq Stock Market Listing Rules’ stockholder approval requirement for the issuance of securities with regards to grants to employees of the Company as an inducement material to such individuals entering into employment with the Company, and shall be administered and interprete
