All Countries
Capital Markets
Restricted Stock Award Agreement

Restricted Stock Award Agreement Template for South Africa

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Restricted Stock Award Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Restricted Stock Award Agreement

"I need a Restricted Stock Award Agreement for our South African technology company, granting 10,000 shares to our new CFO with a three-year graduated vesting period starting March 1, 2025, including malus provisions and standard JSE compliance clauses."

Celebrated by
Collaborations with
Investors
Document background
The Restricted Stock Award Agreement is a crucial document used when companies in South Africa wish to grant shares to employees or executives subject to certain restrictions and vesting conditions. This type of agreement is commonly implemented as part of employee retention strategies, executive compensation packages, or broad-based employee share ownership programs. The document must comply with South African regulatory requirements, including the Companies Act 71 of 2008, Income Tax Act 58 of 1962, and where applicable, JSE Listing Requirements. It typically forms part of a larger equity incentive scheme and requires careful consideration of corporate governance principles, particularly those outlined in the King IV Code. The agreement serves to document the award terms, protect the company's interests during the restriction period, and provide clarity to recipients regarding their rights and obligations.
Suggested Sections

1. Parties: Identification of the Company issuing the restricted stock and the Recipient receiving the award

2. Background: Context of the award, reference to any equity incentive plan, and corporate authority for the grant

3. Definitions: Key terms used throughout the agreement, including 'Restricted Stock', 'Vesting Period', 'Restriction Period', and other relevant definitions

4. Grant of Restricted Stock: Details of the number of shares granted, grant date, and applicable restrictions

5. Vesting Requirements: Vesting schedule, conditions, and requirements for restrictions to lapse

6. Transfer Restrictions: Limitations on transfer, sale, or encumbrance of shares during the restriction period

7. Shareholder Rights: Rights (voting, dividends) during the restriction period

8. Tax Provisions: Tax implications, responsibilities, and withholding requirements under South African law

9. Termination Provisions: Effect of employment termination on unvested shares

10. Compliance with Laws: Adherence to South African securities, exchange control, and other applicable regulations

11. General Provisions: Standard clauses including notices, amendments, governing law, and jurisdiction

Optional Sections

1. Change in Control Provisions: Include when company wants to specify treatment of restricted stock in case of merger, acquisition, or other corporate transactions

2. Malus and Clawback: Include for senior executives or when required by corporate governance policies

3. International Provisions: Include when recipient is not South African resident or shares may be held internationally

4. Employment Relationship: Include when need to explicitly state award does not guarantee continued employment

5. Share Capital Adjustments: Include when company wants to address treatment of awards in case of stock splits, consolidations, or other capital adjustments

6. Electronic Acceptance: Include when agreement may be accepted electronically rather than in hard copy

Suggested Schedules

1. Award Details Schedule: Specific details of grant including number of shares, grant date, vesting dates

2. Vesting Schedule: Detailed breakdown of vesting dates and proportions

3. Tax Elections: Forms and information for making relevant tax elections under South African law

4. Shareholders Agreement Extract: Relevant provisions from company's shareholders agreement affecting restricted stock

5. Acceptance Form: Form for formal acceptance of the award and its terms

6. Notice of Exercise Form: Template for exercising any rights or elections under the agreement

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Award
Award Date
Board
Cause
Change in Control
Companies Act
Company
Confidential Information
Director
Disability
Effective Date
Employment Agreement
Equity Incentive Plan
Fair Market Value
Financial Markets Act
Good Leaver
Grant Notice
Income Tax Act
JSE
JSE Listing Requirements
King Code
Normal Retirement Age
Notice
Participant
Plan Administrator
Recipient
Restricted Period
Restricted Stock
Retirement
Securities Register
Share Capital
Shareholder
Shareholders Agreement
Shares
South African Reserve Bank
Subsidiary
Tax
Transfer
Transfer Secretary
Unvested Shares
Vested Shares
Vesting Date
Vesting Period
Vesting Schedule
Relevant Industries

Financial Services

Technology

Mining

Manufacturing

Professional Services

Telecommunications

Healthcare

Retail

Energy

Real Estate

Relevant Teams

Legal

Human Resources

Finance

Compliance

Corporate Secretariat

Executive Management

Risk Management

Share Plan Administration

Corporate Governance

Treasury

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Executive Director

Non-Executive Director

Senior Manager

Department Head

General Manager

Managing Director

Financial Manager

Human Resources Director

Legal Counsel

Company Secretary

Compliance Officer

Risk Manager

Operations Manager

Industries
Companies Act 71 of 2008: Primary legislation governing companies in South Africa, including share capital, issuance of shares, and shareholder rights
Income Tax Act 58 of 1962: Regulates taxation of restricted stock awards, including timing of taxation and valuation methods
Financial Markets Act 19 of 2012: Governs securities trading and market regulation, relevant for listed companies issuing restricted stock
Exchange Control Regulations: Regulations under the Currency and Exchanges Act 1933, affecting international transfer of shares and foreign ownership
Basic Conditions of Employment Act 75 of 1997: Relevant when restricted stock is part of employment compensation packages
Financial Advisory and Intermediary Services Act 37 of 2002: May apply if the restricted stock award involves financial advisory services or intermediaries
King IV Code on Corporate Governance: While not legislation, provides important governance principles for equity-based compensation
JSE Listing Requirements: Applicable for listed companies, providing rules for share-based compensation schemes
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Equity Subscription Agreement

A South African law-governed agreement documenting the terms and conditions for an investor's subscription to shares in a company.

find out more

Equity Purchase Contract

A South African law-governed agreement for the sale and purchase of company shares, detailing transaction terms and regulatory compliance requirements.

find out more

Business Equity Agreement

A South African law-governed agreement establishing terms for equity transactions in business entities, including share transfers and ownership rights.

find out more

Future Equity Agreement

A South African law-governed agreement providing investors with rights to future equity in exchange for immediate capital investment, commonly used in startup funding.

find out more

Sweat Equity Term Sheet

A South African law-governed term sheet outlining the exchange of services for company equity, including service scope, equity terms, and performance requirements.

find out more

Equity Compensation Agreement

South African law-governed agreement establishing terms for granting company equity to employees or consultants, including vesting, exercise rights, and regulatory compliance.

find out more

Sweat Equity Partnership Agreement

South African agreement establishing terms for services provided in exchange for company equity ownership, including vesting conditions and performance requirements.

find out more

Sweat Equity Contract

South African legal agreement establishing terms for services provided in exchange for company equity, including vesting conditions and compliance with local corporate laws.

find out more

Equity Transfer Contract

A South African law-governed agreement facilitating the transfer of company shares between parties, ensuring compliance with local corporate and regulatory requirements.

find out more

Equity Funding Agreement

A South African law-governed agreement documenting terms for equity investment in a company, including share issuance, investor rights, and regulatory compliance.

find out more

Equity For Services Agreement

South African agreement for the provision of services in exchange for company shares, governed by SA company law and regulations.

find out more

Co Founder Equity Agreement

A South African law-governed agreement establishing equity arrangements and responsibilities between company co-founders.

find out more

Equity Shares Agreement

A South African law-governed agreement for the sale and transfer of equity shares between parties, ensuring compliance with local corporate and financial regulations.

find out more

Startup Employee Equity Agreement

A South African law-governed agreement establishing terms for granting company equity or options to startup employees, including vesting conditions and transfer restrictions.

find out more

Private Equity Finder's Fee Agreement

A South African law-governed agreement outlining terms for compensating intermediaries who introduce investment opportunities to private equity firms.

find out more

Advisor Equity Agreement

South African agreement establishing advisor services in exchange for company equity, including terms, conditions, and compliance requirements.

find out more

Startup Equity Contract

South African-compliant legal agreement governing equity ownership, shareholder rights, and investment terms in startup companies.

find out more

Phantom Stock Award Agreement

South African agreement for awarding phantom stock units, providing synthetic equity benefits to employees while ensuring regulatory compliance.

find out more

Convertible Agreement Regarding Equity

A South African law-governed agreement enabling investment conversion into future equity shares, with specified triggers and valuation mechanisms.

find out more

Equity Stake Agreement

A South African law-governed agreement detailing terms and conditions for acquiring company ownership stakes, including share rights and regulatory compliance.

find out more

Private Equity Shareholders Agreement

South African law-governed agreement establishing rights and obligations between private equity investors and shareholders, incorporating local regulatory requirements including BEE compliance.

find out more

Equity Repurchase Agreement

South African law-governed agreement for a company to repurchase its shares from existing shareholders, subject to Companies Act requirements.

find out more

Private Equity Investment Agreement

A South African law-governed agreement establishing terms and conditions for private equity investment, including investment structure, shareholder rights, and governance arrangements.

find out more

Equity Loan Agreement

A South African law-governed agreement establishing terms for a combined debt and equity financing arrangement, including loan terms and equity participation provisions.

find out more

Restricted Stock Unit Award Agreement

A South African law-governed agreement setting out terms and conditions for awarding Restricted Stock Units (RSUs) to employees, including vesting, settlement, and tax provisions.

find out more

Equity Pledge Agreement

A South African law-governed agreement creating a security interest over shares or equity interests as collateral for underlying obligations.

find out more

Standby Equity Purchase Agreement

A South African-law governed agreement establishing an investor's commitment to purchase future equity shares of a company under specified conditions and pricing mechanisms.

find out more

Restricted Stock Unit Agreement

South African Restricted Stock Unit Agreement governing the award and vesting of company shares to employees, compliant with local regulations.

find out more

Restricted Stock Award Agreement

A South African law-governed agreement for awarding restricted company shares to employees/executives, specifying vesting conditions and shareholder rights.

find out more

Equity Commitment Agreement

A binding agreement under South African law that establishes the terms for an investor's commitment to make an equity investment in a target company.

find out more

Convertible Equity Agreement

A South African law-governed agreement enabling investment conversion into company equity shares, typically used for startup funding and growth capital.

find out more

Phantom Equity Agreement

A South African law-governed agreement establishing synthetic equity rights that simulate share ownership benefits without actual equity transfer.

find out more

Employee Equity Agreement

A South African legal agreement governing the grant of company equity to employees, including vesting conditions and shareholder rights under South African law.

find out more

Standby Equity Distribution Agreement

A South African law-governed agreement enabling listed companies to access equity financing through periodic share issuances to investors at market-related prices.

find out more

Private Equity Agreement

A South African law-governed agreement establishing terms and conditions for private equity investment, including governance, shareholder rights, and regulatory compliance.

find out more

Equity Participation Agreement

A South African law-governed agreement establishing terms for equity investment in a company, including share subscription, shareholder rights, and B-BBEE compliance.

find out more

Equity Grant Agreement

A South African law-governed agreement detailing the terms and conditions for granting company equity to specified recipients, including share allocation, vesting conditions, and regulatory compliance requirements.

find out more

Equity Financing Agreement

A South African law-governed agreement documenting terms and conditions for equity investment in exchange for company shares, including investor rights and protections.

find out more

Vested Equity Agreement

A South African law-governed agreement establishing terms for gradual equity ownership rights in a company, including vesting conditions and regulatory compliance requirements.

find out more

Private Equity Subscription Agreement

A South African law-governed agreement detailing terms and conditions for private equity investment through share subscription in a target company.

find out more

Equity Transfer Agreement

South African law-governed agreement for the transfer of shares between parties, ensuring compliance with local corporate and securities regulations.

find out more

Equity Distribution Agreement

A South African law-governed agreement establishing terms for the distribution of equity securities, complying with local securities and financial markets regulations.

find out more

Equity Contribution Agreement

A South African law-governed agreement detailing the terms and conditions for making an equity investment into a company, including contribution details and regulatory compliance requirements.

find out more

Equity Buyback Agreement

South African law-governed agreement for a company to repurchase its own shares from existing shareholders, complying with Companies Act requirements.

find out more

Limited Partnership Agreement Private Equity

A South African law-governed agreement establishing a limited partnership structure for private equity investments, defining relationships between GPs and LPs, and regulatory compliance requirements.

find out more

Equity Ownership Agreement

South African law-governed agreement establishing shareholder rights, obligations, and ownership structure in a company.

find out more

Equity Investment Agreement

South African law-governed agreement detailing terms and conditions for equity investment in a company, including statutory compliance requirements.

find out more

Employee Stock Options Agreement

A South African law-governed agreement granting employees the right to purchase company shares at predetermined terms, subject to local corporate and tax regulations.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.