Restricted Stock Award Agreement Template for Austria

The Restricted Stock Award Agreement is a fundamental document used by Austrian companies to grant equity compensation to employees and executives as part of their total compensation package. This agreement is particularly important in scenarios where companies wish to attract and retain key talent while ensuring their long-term commitment to the organization. The document must comply with Austrian corporate law, securities regulations, and EU directives, particularly regarding share issuance, tax treatment, and employee rights. It typically includes detailed provisions on vesting schedules, transfer restrictions, termination consequences, and tax obligations. The agreement is commonly used in conjunction with broader equity incentive plans and requires careful consideration of both corporate governance requirements and employment law aspects under Austrian jurisdiction.

1. Parties: Identification of the company issuing the restricted stock and the recipient employee

2. Background: Context of the agreement, reference to any equity incentive plan, and corporate approvals

3. Definitions: Key terms used throughout the agreement including 'Restricted Stock', 'Vesting Date', 'Vesting Conditions', etc.

4. Grant of Restricted Stock: Details of the stock award including number of shares, grant date, and nominal value

5. Vesting Conditions: Timeline and conditions for vesting, including service requirements and performance criteria

6. Transfer Restrictions: Limitations on transfer of unvested shares and requirements for compliance with securities laws

7. Termination of Employment: Treatment of restricted stock upon various types of employment termination

8. Tax Obligations: Tax responsibilities and withholding requirements under Austrian law

9. Rights as a Shareholder: Voting rights, dividend rights, and other shareholder privileges during restricted period

10. Administration: Role and authority of the board/committee in administering the award

11. Data Protection: GDPR compliance and consent for processing personal data

12. Governing Law and Jurisdiction: Specification of Austrian law as governing law and jurisdiction for disputes