展品10.2
CHIPOTLE MEXICAN GRILL, INC。
2024年保留受限制的股票單位協議
2024年保留受限制的股票單位協議
參與者姓名：約翰·R·（傑克）哈通
RSU數量：
授予日期： 2024年8月22日
解禁日期：在授予日期的第一周年解禁60%
在授予日期的第二周年解禁40%
在授予日期的第二周年解禁40%
本限制股票單位協議，包括 附錄A 附件(這“協議 ”)，日期為上述授予日期，由特步墨西哥燒烤餐廳股份有限公司，一家特拉華公司（該“權益代理”），交付給上述被指定的參與者(該“參與者”或“您”).
前文
鑒於最近的領導層變動以及您對業務帶來的價值，本公司決定授予您受限股份單位（"限制性股票單位”），代表您有權收取本公司普通股（“股份”）股份，條件如下所述，根據Chipotle Mexican Grill, Inc. 2022股票激勵計劃（“或者為法定目的而成立的人士，其業務或活動（“法定機構”）包括對各種公共機構的員工福利計劃、養老金計劃、保險計劃開展投資基金管理；”）。本協議及在此授予的RSUs明確受制於計劃的所有條款、定義和規定。 除本協議中明確指示的外，本協議中使用的定義詞語概念與計劃中所列一致。
鑑於薪酬委員會（「董事會）已批准授予這項限制性股票單位（「委員會董事会薪酬委员会采纳了薪酬追回政策，作为公司董事会的一部分，"政策"为其所采纳。董事會」獎勵”).
協議
現在，因此，各方特此同意如下：
1. 授予獎項公司特此根據上文設定的RSU數目授予您該獎勵，根據此獎勵，您將有資格獲得一定數量的等值股份，但須符合本協議中設定的授予條件及其他條件。 該獎勵僅可以股份進行結算。
2. 授予条件.
（a）定期分割配股. 除非計畫或本第2條其他地方另有規定，您的RSUs將在授予日期的第1週年時60%的資格解除限制，並在授予日期的第2週年時剩餘40%的資格解除限制，條件是您在適用的解除限制日期之前繼續與公司僱傭或服務。在獎勵完全解除限制之前的時間期間將在此稱為“獲得期限.”
(b) 按特定事件套現.
(i) 死亡或殘疾除非委員會另有決定，或者在您與公司之間訂立的協議中另有規定，在您死亡或因殘障而導致您的離職在兌現期屆滿前，本獎勵所授予的RSUs的總數，在您死亡或因殘障而導致您的離職當天即可免除部分條件而生效。根據本協議的定義，“傷殘”指您根據醫學診斷，永久無法執行您作為公司員工的職責的身體或心理能力。
(ii) 變更控制權此獎勵若發生符合資格的終止事由或在不獲得或繼續在該變更控制中存續的公司承擔時，將立即完全發放（依據董事會或委員會的決定，對股份的數量和類型進行適當調整，從而保留獎勵的價值和本獎項的其他重要條款和條件，在變更控制前立即生效）。
(iii) 遭解雇而無故或有正當理由
。若公司任命外部候選人為公司首席執行官，在此任命後且在累積期屆滿前，您的雇佣由公司無故終止或您基於正當理由自願終止，則此獎項將立即授予，不需進行比例分配。
(iv) 授予日期後滿1周年退休如果您在授予日期的一周年之前退休，則任何未發股權將於您退休當日被沒收和取消。如果您在授予日期的一周年之後退休，您將繼續按照股權單位的剩餘授予期間無分配比例地獲得股權獎勵。
根據本協議的定義：“養老”指您的綜合年齡和工作年限（如下所定義）至少達到70歲，並且您已完成以下所有步驟：(w)至少提前六（6）個月給予公司有關您養老的書面通知；(x)根據委員會根據個人事實和情況確定需要合理保護公司利益的限制契約簽署並交付給公司，該限制契約將在養老後二（2）年的期間內繼續有效（或者在保密和類似限制契約的情況下，可能無限期繼續），(y)在您的離職日期後21天內（或根據適用法律要求的較晚時間）簽署並交付給公司針對公司及其聯屬公司的索賠的一般釋放協議，該協議需要以公司可接受的形式進行，並且不得被後來撤銷，及（z）自願終止您在公司的就業關係。該術語“年齡”意味著（在特定確定日期），指該日期時您的完整年齡及任何小數位；而“服務年資”意味著（截至特定確定日期），您在那日期之前已取得的年齡及其小數位所構成的年限
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在您最近一次與公司開始任職並在您與公司終止離職的日期之間。 您先前已提前至少六(6)個月書面通知公司您的養老，您已同意推遲，因此公司放棄了釋放的控制項(w)條款的遵循。您拒絕履行(x)、(y)或(z)中設定的任何條款，您違反根據(x)或(y)簽訂的任何協議，或者，在您養老後，發現事實和情況，如果您仍在公司任職，這些事實和情況將會成為您放棄本協議下與養老相關的福利。
(c) 未發生 RSUs 被放棄若您的雇傭在任何原因下於獲得期滿前終止，而非第2(b)條所指明的原因，未實現的限制性股票喪失和取消，直至雇傭終止之日，除非 (i) 委員會決定作出其他規定；或 (ii) 根據1934年交易所法修訂案第30億7條的規定，您被視為公司的「執行長」，則公司的執行長遣散計劃可能提供不同待遇，以當時生效的該計劃為準。儘管本第2條有任何相反規定，您對於限制性股票的權利，無論是否已實現，將於因事由解雇後立即喪失和取消。
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 to you, subject to the conditions of this Agreement, the Shares for the vested RSUs; provided, however, that (i) in the event the Award constitutes nonqualified deferred compensation (within the meaning of Section 409A of the Code) because 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 (ii) 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.
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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 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.
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8. Repayment; Right of Set-Off. You agree and acknowledge that this Agreement is subject the Company’s Executive Compensation Recovery 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 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.
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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 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.
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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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