EXHIBIT 10.5
UPBOUND GROUP, INC.
UPBOUND GROUP, INC. director deferred stock unit award Agreement
THIS DEFERRED STOCK UNIT AWARD AGREEMENT, made as of the __ day of _____, 20xx, between Upbound Group, Inc. (the “Company”) and [NAME] (the “Director”), pursuant to the Upbound Group, Inc. 2026 Long-Term Incentive Plan (as may be amended from time to time, the “Plan”). Capitalized terms that are used but not defined in this Award Agreement have the meaning as set forth in the Plan.
1. Deferred Stock Unit Award. In accordance with and subject to the Plan and this Award Agreement, the Company hereby grants to the Director a deferred stock unit Award under the Plan, consisting of the right to receive _______ shares of the Company’s Common Stock (“Shares”).
2. Vesting and Issuance of Shares. This Award is fully vested and non-forfeitable from inception.
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