CECO ENVIRONMENTAL CORP. Restricted Stock Units Inducement Award AgreementRestricted Stock Units Inducement Award Agreement • July 6th, 2020 • Ceco Environmental Corp • Industrial & commercial fans & blowers & air purifing equip • Delaware
This RESTRICTED STOCK UNITS 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 (the “the Grantee”) with respect to the grant of restricted stock units by the Company to the Grantee (the “Grant”). This Grant is intended to be an inducement that is material to the Grantee, who is entering into employment with the Company, and to encourage stock ownership by the Grantee, thereby aligning the Grantee’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 interpreted consi
