Exhibit 10.9
SIXFLAGSENTERTAINMENTCORPORATION2024OMNIBUSINCENTIVEPLAN
RESTRICTED STOCK UNIT AWARD AGREEMENT AND DECLARATION
This Restricted Stock Unit Award Agreement and Declaration (the “Declaration”) ismade pursuant to the termsandconditionsoftheSixFlagsEntertainmentCorporation2024OmnibusIncentivePlan(the“Plan”),including (withoutlimitation)Section9,theprovisionsofwhichareincorporatedintothisDeclarationbyreference.Capitalized terms used herein shall have the meanings ascribed to them in the Plan, unless indicated otherwise.
1.RestrictedStockUnitAwardinGeneral.Participant’sRestrictedStockUnitAward(the“Award”)relates tothenumberofsharesofCommonStock(the“RestrictedStockUnits”)specifiedinandasoutlinedintheattached Notice of Restricted Stock Unit Award of Six Flags Entertainment Corporation (the “Notice”) and is subject to Participant’scontinuous Service throughouteachofthe vesting periodsthatcommenceontheDate of Grantandend on eachof the Vesting Dates specified underthe heading“VestingSchedule” inthe Notice (individually,a“Vesting Period”and,collectively,the“VestingPeriods”).DividendEquivalentRightsontheRestrictedStockUnitsshallbe accumulated untilthe end ofeachVesting Period,ifandtothe extentthe Companymakes dividends on its Common Stock during a Vesting Period and shall be paid pursuant to the provisions of Section 3 hereof in the same form as accrued.DuringtheVestingPeriods,theParticipantshallnothavetherighttoreceiveanypaymentsordividendswith respect to such Restricted Stock Units, and the Participant may not sell, transfer, pledge, or assign such Restricted Stock Units.
2.Forfeiture.TheRestrictedStockUnitsthathavenotvestedshallbeautomaticallyforfeitediftheParticipant ceases Service at any time during a Vesting Period, except as provided in Section 3 of this Declaration.
3.VestingandTerminationsofEmployment.
A.TheRestrictedStockUnitsshallvestpursuanttotheVestingScheduleupontheParticipant’scompletion ofcontinuousServicethroughoutaVestingPeriod,andthevestedRestrictedStockUnitsshallthereuponbepaid inalumpsuminsharesofunrestrictedCommonStock,onthebasisofone(1)shareofCommonStockpervested Restricted Stock Unit, within seventy-four (74) days following the end of such Vesting Period; providedthat if such seventy-four(74)day period beginsinonecalendar year andends inanother,the Participant shallnothave therighttodesignatethecalendaryearofpayment.AllDividendEquivalentRightsonthevestedRestrictedStock Units accumulated during such Vesting Period shall be paid in a lump sum within seventy-four (74) days following the end of such Vesting Period; providedthat if such seventy-four (74) day period begins in one calendar year and ends in another, the Participant shall not have the right to designate the calendar year of payment.
B.If Participant is party to an employment agreement with the Company (the “employment agreement”), and Participant experiencesatermination of employment with respect to which Participant becomeseligible for vesting or payment of all or a portion of this Award under the employment agreement, then the applicable provisions of the employment agreement shall apply to the extent provided thereinand shall govern andcontrol over any conflicting term or provision of this Declaration during the applicable period under the employment agreement,subjecttothereleaseprovisionsandanyotherterms,conditionsandrequirementsoftheemployment agreement. Any change in control provisions within Section 6 of the Participant’s employment agreement with theCompanyshallapplytothisAwardinlieuof,andshallgovernandcontrolover,Section12ofthePlanduring the applicable period under the employment agreement.
If Participant is and remains a participant under the Cedar Fair, L.P. Executive and Management Severance Plan (such Executive and Management Severance Plan, or any successor plan thereto, as amended fromtimetotime, the“SeverancePlan”):(i)ifParticipantexperiencesaQualifyingTerminationwithrespectto which Participant becomes eligible for vesting or payment of all ora portionof this Award under the Severance Plan,thentheprovisionsoftheSeverancePlanshallapplyandshallgovernandcontroloveranyconflictingterm or provision of this Declaration, subject to the release provisions and any other terms, conditions and other requirements of the Severance Plan; and (ii) in the event of a Change in Control (as such term is defined in the
Plan), the terms of Section 12 of the Plan shall apply and shall govern and control over any conflicting term of this Declaration.
C.ExceptaspermittedbySection409A(oranexceptionthereto),thisDeclarationortheapplicable provisions of the employment agreement or Severance Plan, no payment shall be accelerated.
4.Tax Matters and Withholding. To the extent permitted by applicable securities laws, the Company, the Participant’s employer ortheir agent(s) shall withhold all requiredlocal, state, federal, and othertaxes andany other amountrequiredtobe withheld byanygovernmentalauthority orlawfromthe sharesofunrestrictedCommonStock issuedin payment ofvestedRestricted StockUnits,and DividendEquivalent Rights paidrelatingthereto, and shares ofCommonStockshallberetainedby,surrenderedbacktoorreacquiredbytheCompanyoranAffiliateasnecessary in order to accomplish the foregoing, with the number of unrestricted shares of Common Stock to be delivered after the vesting of the Restricted Stock Units being reduced accordingly. The number of shares of Common Stock to be withheldshallhavea FairMarket Valueequaltotheamountrequiredtobe withheldas ofthedatethattheamountis withheld. The Participant will execute such other documentation as may be necessary or appropriate to accomplish theforegoing.Priortosuchwithholding,inaccordancewithproceduresestablishedbyoragreementoftheCommittee or the Participant’semployer, the Participantmay arrange to pay all applicable withholdings in cash on the due date ofsuchwithholdings.Totheextentapplicablelawdoesnotpermitthewithholdingof CommonStock,theParticipant shall pay all applicable withholdings in cash on the due date of such withholdings.
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INWITNESSWHEREOF, Six FlagsEntertainmentCorporationhascausedthisDeclaration to beexecuted by its duly authorized officer as approved by the Committee and the Participant has executed this Declaration as of the day and year indicated.
SIXFLAGSENTERTAINMENTCORPORATION
By:
Title:
Date:
PARTICIPANT
Name:
Title:
Date:
A copy of the Six Flags Entertainment Corporation 2024 Omnibus Incentive Plan Information Statement is available for review on the Six Flags Intranet link at [ ]under“DocumentShare”, andacopyofthemost current Form 10-K is available for review at [ ].
NoticeofRestrictedStockUnitAwardofSixFlagsEntertainmentCorporation
CompanyName SixFlagsEntertainmentCorporation
Plan FUNRU
ParticipantId
ParticipantName
ParticipantAddress
Grant/AwardType
NumberofSharesofCommonStock
Grant/AwardDate
VESTINGSCHEDULE
VestingDate No.ofSharesofCommonStock Percent