普通株式購入ワラント改正
チポトレ・メキシカン・グリル株式会社
制限付き株式ユニット契約
制限付き株式ユニット契約
参加者の名前： アダム・ライマー
RSUの数：
Grant Date: 2024年10月1日
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この制限株ユニット契約、および 付録A 添付されている（以下「契約」、「」、設定日に日付され、デラウェア州法人Chipotle Mexican Grill, Inc.（以下「会社」さん（以下「参加者「Broadwind」とも称しますあなたに”).
前文
会社は、制約株式ユニット（"RSU」）を付与し、会社の普通株式の株式を受け取る権利を表します（「株式」）。以下の条件およびChipotle Mexican Grill, Inc. 2022株式インセンティブプラン（「プラン」）に従い、本規定およびここで付与されるRSUはすべて同プランの定義と規定の対象となります。 本覚書およびここに明示された内容を除き、この覚書に使用されている定義された用語は全て同プランに規定された定義を有しています。
報酬委員会（以下「報酬委員会」）によって採択された、コンパニーの取締役会（以下、「取締役会」または「本会社の取締役会」といいます）の一部として、強固なコーポレートガバナンスの一環として、報酬委員会（以下、「委員会」といいます）が採用した報酬回収ポリシー（以下、「ポリシー」といいます）です。取締役会」）は、このRSUの授与を承認しました（以下「報酬”).
契約
したがって、当事者は以下のように合意する。
1. 授与会社は、上記のRSUの数に関連して、この賞をあなたに付与します。この賞により、一定の株式を受け取る資格があり、この契約書に記載されたベスティングおよびその他の条件を満たす必要があります。この賞は、株式でのみ決済されます。
2. ベスティング.
（ａ）通常の分割プランまたはこのセクション2で別途規定されていない限り、あなたのRSUは、グラント日付の2周年に50%、残りの50%はグラント日付の3周年に付与される予定です。該当のベスティング日付までの会社との継続的な雇用または勤務が前提です。アワードの完全なベスティングまでの期間は、ここでは「」と記載されます。rd グラント日付の記念日について、適用ベスティング日まで継続的な雇用または勤務が条件とされます。受賞の完全なベスティングまでの期間は、ここでは「」と記載されます。付与期間.”
（b）従業員の雇用終了.
委員会によって別段の決定がない限り、またはあなたと会社の間の合意書に定められていない限り、死亡、障害による会社による解雇、または退職（以下で定義される）がベスティング期間満了前に発生した場合、次のようにRSUがベストされます。
(A) 退職する場合、授与日の1年記念日より前に、その後も付与期間の残りにおいてRSUsのプロラタ割合でベストされます。プロラタ割合は、この授与対象の全RSUの総数に、割り当てなしで、授与日から退職までの日数を分子とし、365を分母として掛けた分数で決定されます。
(B) グラント日から1年以上経過してからの老後生活の場合、ベスト日数が残りのベスティング期間全体にわたり、割り当て抜きで継続します。
死亡または会社による障害による終了の場合、この賞に対象となるRSUの総数は、死亡または障害による会社による終了の日付において、割り増しを受けずに評価されます。
この契約の目的のために、「2.10 “障害” とは、参加者が、当該参加者が勤務するサービス提供者の長期障害保険プログラムの受給資格を得ることができる場合であってもそのような保険に加入していなくても良く、当該サービス提供者に対してサービスを提供している場合に適用されます。サービス提供者が長期障害計画を持っていない場合は、「障害」とは、参加者が90日以上連続で、医学的に確実に身体的または精神的な障害を理由に役職の責任と機能を遂行できないと判断された場合を意味します。参加者が委員会の裁量に十分に対応する証拠を提供しない限り、参加者が障害に陥ったと見なされません。」は、会社の従業員としての職務を遂行するために医学的に診断された永続的な身体的または精神的な能力不全を指します;「老後生活」とは、次の定義に従って合計年齢と勤続年数が合計70以上であり、以下のすべてを行ったことを意味します。（w）退職生活のために少なくとも退職日の6か月前までに退職予告を会社に提出したこと、（x）個々の事実と状況に基づき委員会によって定められる、会社の利益を保護するために合理的に必要と判断される制限条項を含む合意書に署名し、会社に提出したこと。制限条項は、退職後2年間（または秘密保持および同様の制限条項の場合、無制限）続くものとします。（y）雇用終了日から21日以内に（または適用法に定められた必要な期間まで）会社に対する請求放棄に関する一般的な解除金書を会社に署名し提出したことであり、これは会社が合理的に承認可能と判断した形式であり、かつ後で取り消されないもの、そして（z）自発的に会社との雇用契約を終了したこと。上記の「年齢」とは（特定の決定日時点で）、その日付までの年齢（整数年およびそこからの端数）を意味し、「勤務年数「”」とは、会社との最新の雇用開始日から雇用終了日までの期間中の年数およびその一部を意味します。 (w)、(x)、(y)又は(z)に規定された条件のいずれかを果たさないこと、(x)又は(y)に基づいて締結されたいずれかの合意に違反すること、又は、退職後にあなたの解雇理由となる事実および状況が発見された場合（
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会社に雇用されている場合、以下で定義された場合についてまだ退職していないことがあなたによるこの契約に基づく老後生活に帰属する利益の放棄とみなされます。
（ii）もし（A） あなたが適格な終了を経験するか、または（B）この賞が変更なしで変更中の生存または取得する法人によって続行されない場合、このRSUはすぐにすぐにすべての株式が完全にベストすることが自動的に保証されます（理事会または委員会によって決定された場合、適切な調整を加えて、この賞の価値とその他の賞の金額と数を保持するように調整された条件をこの変更前の直前に指定された通りに維持します）。
本契約の目的のため、および本プランにこれと反対の定めがある場合でも、支配権の変更後の2年間に「適格解約」が発生したかどうかを判断するため：（A）」原因」とは、会社での雇用の終了に関する有効な雇用契約またはその他の書面による合意に別段の定めがない限り、（u）あなたが実質的に職務を遂行できなかったこと（身体的または精神的な病気やけがの結果を除く）、（w）会社に重大な損害を与えたり、評判を落としたりする意図的な違法行為または重大な過失を理由とする会社での雇用を終了することを意味します。会社への損害、(x) お客様による受託者責任または忠誠義務の違反会社、（y）あなたが道徳的な乱れを伴う重罪またはその他の重大な犯罪を犯した、または（z）会社の方針またはあなたと会社との間の契約に対する重大な違反、および（B）」正当な理由」とは、有効な雇用契約または当社での雇用の終了に関するその他の書面による契約に別段の定めがない限り、（x）を理由とする会社での雇用の終了を意味します。 支配権の変更、（y）該当するボーナスプランに加入する資格がある会社の全従業員に適用されるボーナス機会の減少を除く基本給または賞与機会の大幅な減少、または（z）助成金の勤務地から30マイル以上離れた主な勤務地の移転など、より大きな組織の一員になったこと以外の、義務と責任の大幅な減少日付、事前の書面による同意なし。ただし、ここに記載されている正当な理由のあるイベントのいずれかが発生してから30日以内に、正当な理由で雇用を終了する意向を書面で会社に通知したものとし、その通知には、正当な理由で雇用を終了する権利が生じたと主張される状況が合理的に詳細に明記されており、会社は会社がそのような通知を受け取ってから30日以内にそのような状況を是正していないものとします。
(c) Forfeiture of Unvested RSUs. If your employment terminates prior to the expiration of the Vesting Period for any reason other than death, termination by the Company due to Disability, Retirement or a Qualifying Termination, any unvested RSUs will be forfeited and canceled as of the date of such employment termination, unless (i) the Committee determines otherwise, or (ii) a different treatment is provided in a written agreement between you and the
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Company, or (iii) if you are an “executive officer” of the Company within the meaning of Rule 3b-7 under the Securities Exchange Act of 1934, as amended, a different treatment may be provided in the Company’s Executive Officer Severance Plan, as such plan is then in effect. Notwithstanding anything to the contrary in this Section 2, your rights with respect to the RSUs, whether vested or unvested, shall in all events be immediately forfeited and canceled as of the date of your termination of employment for Cause (as defined above).
3. Distribution Upon Vesting. Subject to Section 18, as soon as practicable (but no later than sixty (60) days) after the vesting of the RSUs, the Company shall issue or deliver, subject to the conditions of this Agreement, the Shares for the vested RSUs to you; provided, however, that (i) in the event of vesting of the Award in connection with a Retirement, then Shares shall be distributed to you in accordance with the regular vesting schedule set forth in Section 2(a), (ii) in the event the Award constitutes nonqualified deferred compensation (within the meaning of Section 409A of the Code) because you would satisfy the Age and Service requirements for Retirement during the Vesting Period or otherwise and the vesting of the Award is in connection with a termination by the Company due to Disability or a Qualifying Termination following a Change in Control that does not constitute a “change in control event” (within the meaning of Section 409A of the Code), then the Shares shall be distributed to you in accordance with the regular vesting schedule set forth in Section 2(a) to the extent required to comply with Section 409A and (iii) in the event of a Change in Control in which Award is not effectively assumed pursuant to Section 2(b)(ii) and such Change in Control is not a “change in control event” (within the meaning of Section 409A of the Code) or settlement upon such Change in Control would otherwise be prohibited under Section 409A of the Code, then the Shares shall be distributed to you in accordance with the regular vesting schedule set forth in Section 2(a) to the extent required to comply with Section 409A of the Code or, if earlier, upon your death or termination of employment if permitted under Section 409A of the Code. Such issuance or delivery of Shares shall be evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company. The Company shall pay all original issue or transfer taxes and all fees and expenses incident to such issuance or delivery, except as otherwise provided in Section 6. Prior to the issuance to you of the Shares subject to the Award, you shall have no direct or secured claim in any specific assets of the Company or in such Shares and will have the status of a general unsecured creditor of the Company.
4. No Shareholder Rights. Neither you nor any person claiming under or through you shall have rights as a holder of Shares (e.g., you have no right to vote or receive dividends) with respect to the RSUs granted hereunder unless and until such RSUs have been settled in Shares that have been registered in your name as owner. You shall have no beneficial interest or ownership in the vested Shares until the issue or delivery of those vested Shares to you.
5. Dividend Equivalents. During the Vesting Period, you shall accumulate dividend equivalents with respect to the RSUs, which dividend equivalents shall be paid in cash (without interest) to you only if and when the applicable RSUs vest and become payable. Dividend equivalents shall equal the dividends, if any, actually paid with respect to Shares during the Vesting Period while (and to the extent) the RSUs remain outstanding and unpaid. In the event
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you forfeit the RSUs, you also shall immediately forfeit any dividend equivalents held by the Company that are attributable to the Shares underlying such forfeited RSUs.
6. Tax Withholding. As a condition precedent to the issuance of Shares following the vesting of the Shares, you shall, upon request by the Company, pay to the Company such amount as the Company determines is required, under all applicable federal, state, local or other laws or regulations, to be withheld and paid over as income or other withholding taxes (the “Required Tax Payments”) with respect to such vesting of the Shares. If you shall fail to advance the Required Tax Payments after request by the Company, the Company may, in its discretion, deduct any Required Tax Payments from any amount then or thereafter payable by the Company to you. Notwithstanding the foregoing, your obligation to advance the Required Tax Payments shall be satisfied by the Company withholding whole Shares that would otherwise be delivered to you upon vesting of the Shares having an aggregate fair market value, determined as of the date on which such withholding obligation arises (the “Tax Date”), equal to the Required Tax Payments; however, if you submit a written request to the Company at least ten (10) days in advance of the Vesting Date, the Company may agree, in its discretion, to permit you to satisfy your obligation to advance the Required Tax Payments by a check or cash payment to the Company. Shares shall be withheld based on the applicable statutory minimum tax rate; however, if you submit a written request to the Company at least ten (10) days in advance of the Vesting Date, the Company (or, in the case of an individual subject to Section 16 of the Securities Exchange Act of 1934, as amended, the Committee) may agree, in its discretion, to withhold shares based on a higher tax rate permitted by applicable withholding rules and accounting rules without resulting in variable accounting treatment. No Share or certificate representing a Share shall be issued or delivered until the Required Tax Payments have been satisfied in full.
7. Tax Indemnification. Notwithstanding the provisions of Section 6 above, you agree to indemnify the Company and each affiliate, and hold the Company and each affiliate harmless against and from any and all liability for any taxes or payments in respect of taxes (including social security and national insurance contributions, to the extent permitted by applicable law), arising as a result of, in connection with or in respect of the grant of the Award, vesting of the Award and/or the delivery of the Shares pursuant to this Agreement.
8. Repayment; Right of Set-Off. You agree and acknowledge that this Agreement is subject the Company’s Executive Compensation Recoupment Policy and any other “clawback,” recoupment or set-off policies in effect on the Grant Date or that the Committee thereafter may adopt. If the Company determines, in its sole discretion, that you have engaged in misconduct that constitutes “Cause” as defined in the Plan, you agree that any unvested portion of the Award shall be immediately forfeited as of the date the Company determines that you engaged in such misconduct. The foregoing shall not be the Company’s exclusive remedies, which may also include injunctive relief and damages, as applicable. In addition, you agree that in the event the Company, in its reasonable judgment, determines that you owe the Company any amount due to any loan, note, obligation or indebtedness, including but not limited to amounts owed to the Company pursuant to the Company’s policies with respect to travel and business expenses, and if you have not satisfied such obligation, then the Company may instruct the plan administrator to
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withhold and/or sell Shares acquired by you upon settlement of the Award, or the Company may deduct funds equal to the amount of such obligation from other funds due to you from the Company.
9. Adjustment of RSUs. The number of RSUs subject to this Award will automatically be adjusted in accordance with Section 9 of the Plan to prevent accretion, or to protect against dilution, in the event of a change to the Common Stock resulting from a recapitalization, stock split, consolidation, spin-off, reorganization, or liquidation or other similar transactions.
10. Non-Transferability of Award. Unless the Committee specifically determines otherwise, the RSUs may not be transferred by you other than by will or the laws of descent and distribution. Except to the extent permitted by the foregoing sentence, the Award may not be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar process. Upon any attempt to so sell, transfer, assign, pledge, hypothecate, encumber or otherwise dispose of the Award, the Award and all rights hereunder shall immediately become null and void.
11. No Right to Continued Employment or Service. The granting of the Award shall not be construed as granting to you any right to continue your employment or service with the Company.
12. Amendment of this Award. This Award or the terms of this Agreement may be amended by the Board or the Committee at any time (a) if the Board or the Committee determines, in its reasonable discretion, that amendment is necessary or appropriate to conform the Award to, or otherwise satisfy, any legal requirement (including without limitation the provisions of Section 409A of the Code), which amendments may be made retroactively or prospectively and without your approval or consent to the extent permitted by applicable law; provided that, such amendment shall not materially and adversely affect your rights hereunder; or (b) with your consent.
13. Electronic Delivery and Acceptance. You hereby consent and agree to electronic delivery of any Plan documents, proxy materials, annual reports and other related documents. You also hereby consent to any and all procedures that the Company has established or may establish for an electronic signature system for delivery and acceptance of Plan documents (including documents relating to any programs adopted under the Plan), and agree your electronic signature is the same as, and shall have the same force and effect as, your manual signature. You consent and agree that any such procedures and delivery may be effected by a third party engaged by the Company to provide administrative services related to the Plan, including any program adopted under the Plan.
14. Governing Plan Document. The Award is subject to all the provisions of the Plan, the provisions of which are hereby made a part of this Agreement, and is further subject to all interpretations, amendments, rules and regulations which may from time to time be promulgated
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and adopted pursuant to the Plan. In the event of any conflict between the provisions of the Award or this Agreement and those of the Plan, the provisions of the Plan shall control.
15. Governing Law. The validity, construction, interpretation and effect of this Agreement shall exclusively be governed by and determined in accordance with the laws of the State of Delaware, without giving effect to conflict of law rules or principles.
16. Entire Agreement. This Agreement and the Plan constitute the entire understanding and agreement between the Company and the Participant with respect to the subject matter contained herein and supersedes any prior agreements, understandings, restrictions, representations, or warranties between the Company and the Participant with respect to such subject matter other than those as set forth or provided for herein.
17. No Waiver. No failure by any party to insist upon the strict performance of any covenant, duty, agreement or condition of this Agreement or to exercise any right or remedy consequent upon a breach thereof shall constitute waiver of any such breach or any other covenant, duty, agreement or condition.
18. Saving Clause. If any provision of this Agreement shall be determined to be illegal or unenforceable, such determination shall in no manner affect the legality or enforceability of any other provision hereof.
19. Compliance with Section 409A of the Code. This Award is intended to be exempt from or comply with Section 409A of the Code, and shall be interpreted and construed accordingly, and each payment hereunder shall be considered a separate payment. To the extent this Agreement provides for the Award to become vested and be settled upon the Holder’s termination of employment, the applicable shares of Stock shall be transferred to you or your beneficiary upon your “separation from service,” within the meaning of Section 409A of the Code; provided that if you are a “specified employee,” within the meaning of Section 409A of the Code, then to the extent the Award constitutes nonqualified deferred compensation, within the meaning of Section 409A of the Code, such Shares shall be transferred to you or your beneficiary upon the earlier to occur of (i) the six-month anniversary of such separation from service and (ii) the date of your death.
20. Local Law Requirements. Appendix A forms part of the Agreement and contains additional terms and conditions that will apply to you if you reside outside of the United States, are a citizen of a jurisdiction other than the United States or are otherwise subject to tax in jurisdiction outside the United States.
CHIPOTLE MEXICAN GRILL, INC.
By: /s/ Ilene Eskenazi
Chief Human Resources Officer
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Appendix A to 2023 Restricted Stock Unit Agreement
Country-Specific Addenda
1. This Addendum includes additional country-specific notices, disclaimers, and/or terms and conditions that apply to individuals who are working or residing in the countries listed below and that may be material to your participation in the Plan. However, because foreign exchange regulations and other local laws are subject to frequent change, you are advised to seek advice from his or her own personal legal and tax advisor prior to accepting an Award.
2. If you are a citizen or resident of a country, or otherwise subject to tax in another country other than the one in which you are currently working and/or residing, transfers to another country after the date of grant of the Award, or is considered a resident of another country for local law purposes, the Company shall, in its discretion, determine the extent to which the special terms and conditions contained herein shall be applicable to you.
3. The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding your acceptance of the Award or participation in the Plan.
4. Unless otherwise noted below, capitalized terms shall have the same meaning assigned to them under the Plan and this Agreement. This Addendum forms part of the Agreement and should be read in conjunction with the Agreement and the Plan.
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Canada
1. Application. This Addendum shall apply to you if (a) you are employed in, resident in, a citizen of, or otherwise subject to tax in Canada; or (b) in circumstances where the Company, in exercising its discretion in accordance with paragraph 2 of the Country-Specific Addendum, determines this Addendum shall apply to you.
2. Use of Information. For the purposes of managing and administering the arrangements under this Agreement, the Company may share basic information such as information concerning your eligibility, grants, settlement or vesting in accordance with this Agreement with and between affiliates. The Company may also share this information with service providers that may assist in administering the arrangements under this Agreement, as well as with relevant government authorities.
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France
1. Application. This Addendum shall apply to you if (a) you are employed in, resident in, a citizen of, or otherwise subject to tax in France; or (b) in circumstances where the Company, in exercising its discretion in accordance with paragraph 2 of the Country-Specific Addendum, determines this Addendum shall apply to you.
2. Language Consent. By accepting the Plan, you confirm that you have read and understood the documents relating to this grant (the Plan and any agreement, including this Addendum) which were provided in English language. You accept the terms of those documents accordingly.
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United Kingdom
1. Application. This Addendum shall apply to you if (a) you are employed in, resident in, a citizen of, or otherwise subject to tax in the United Kingdom; or (b) in circumstances where the Company, in exercising its discretion in accordance with paragraph 2 of the Country-Specific Addendum, determines this Addendum shall apply to you.
2. Recovery of Tax. In the event that you have failed to make arrangements under Section 6 of this Agreement for the amount so indemnified under Section 7 of this Agreement, you shall pay to the Company or subsidiary, as relevant, (or such other affiliate, as the case may be) the balance of any Required Tax Payments then due in cash promptly on written demand and in any event within 60 days from the date on which any relevant amount indemnified under Section 7 of this Agreement is due to be accounted for to the applicable tax authority, failing which you shall also be liable to account to the Company or any subsidiary for any additional liability that may arise to the Company or such other affiliate as a result of the operation of Section 222 of ITEPA.
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