Restricted Shares Agreement

تقدم اتفاقية منح أسهم مقيّدة حلاً قانونياً شاملاً للأطراف المعنية. مصاغة بدقة وجاهزة للتخصيص وا
AR EN
Party 1
Full name of the establishment:  
Commercial registration number:  
Tax number:  
Address of the headquarters:  
Name of the signing legal representative:  
Title of the representative (Director/Authorized):  
Phone:  
Email:  
Party 2
Full Name (Four Parts):  
National ID:  
Nationality:  
Address:  
Phone:  
Email:  

Under this contract concluded between the two parties whose full details are specified in the attached contracting template, hereinafter referred to as “Party One” (the company / granting entity) and “Party Two” (the beneficiary / employee or director or consultant), collectively referred to as “the Parties”. According to this agreement, and after obtaining approval from the company’s Board of Directors (and the General Assembly depending on the type of company and its articles of association) on the employee and management restricted stock grant program, Party One (the company / granting entity) commits to grant Party Two (the beneficiary / employee or director or consultant) a specified number of restricted shares in the company, in accordance with the terms and conditions set forth in this agreement and its appendices and according to the approved stock incentive plan; this agreement aims to regulate the process of granting restricted shares with the highest levels of transparency and legal accuracy, defining the eligibility conditions, lock-up period, mechanism for converting to unrestricted shares, scenarios for cancellation or recovery, and the rights and obligations of the beneficiary during the lock-up period, along with the dispute resolution mechanism, in a manner that serves the interests of the company in retaining talents, stimulating performance, and protecting the rights of the beneficiary in obtaining their share of the fruits of the company’s success. The parties have agreed to the following:

Article (1) Definitions of the Agreement

1- The terms and phrases hereafter mentioned - wherever they appear in this Agreement - shall have the meanings specified next to each of them, unless the context suggests otherwise:

2- The Agreement: This Restricted Stock Grant Agreement with all its terms and appendices, its preamble is deemed an integral part hereof, and it shall be the primary reference in the event of any conflict between its provisions and the provisions of the appendices or the Articles of Association or the Stock Incentive Plan insofar as they do not conflict with the law.

3- The Company (Grantor): The first party, which is the company that grants the restricted stock to the Beneficiary, as detailed in Appendix (1).

4- The Beneficiary (Employee / Manager / Consultant): The second party, which is the natural person to whom the restricted stock is granted under this Agreement, as specified in Appendix (2), who is typically an employee, manager, or consultant of the Company or one of its subsidiaries.

5- Restricted Stock: The stock granted by the Company to the Beneficiary, subject to a lock-up period during which it may not be sold, transferred, or pledged, and remains restricted in the shareholder register until the vesting conditions are met.

6- Number of Shares Granted: The number of restricted shares granted by the Company to the Beneficiary, as specified in Article (2).

7- Grant Date: The date specified in Article (2) on which the restricted stock is granted to the Beneficiary, considered the start date of the lock-up period and the vesting conditions.

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وصف مختصر

تقدم اتفاقية منح أسهم مقيّدة حلاً قانونياً شاملاً للأطراف المعنية. مصاغة بدقة وجاهزة للتخصيص والتوقيع الإلكتروني لحماية حقوق الجميع.

وصف تفصيلي

اتفاقية منح أسهم مقيّدة شامل يغطي التمهيد والأهلية وموضوع التعاون والمدة والمساهمات والحوكمة والمقابل المالي والملكية الفكرية والسرية وحماية البيانات والمسؤولية والقوة القاهرة والإنهاء وتسوية المنازعات والأحكام العامة والملاحق.

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