Restricted Stock Unit Agreement
Dare Bioscience, Inc.
Restricted Stock Unit Agreement
(Non-Employee Directors)
This Restricted Stock Unit Agreement (this “Agreement”) is made and entered into as of _____ (the “Grant Date”) by and between Daré Bioscience, Inc., a Delaware corporation (the “Company”), and [DIRECTOR NAME] (the “Director”).
WHEREAS, the Company has adopted the Daré Bioscience, Inc. 2022 Stock Incentive Plan (as amended from time to time, the “Plan”) pursuant to which Restricted Stock Units may be granted;
WHEREAS, the Board has determined that it is in the best interests of the Company and its stockholders to grant the Restricted Stock Units provided for herein; and
WHEREAS, capitalized terms that are used but not defined herein have the meaning ascribed to them in the Plan.
NOW, THEREFORE, the parties hereto, intending to be legally bound, agree as follows:
1.Grant of Restricted Stock Units.
1.1Pursuant to Section 7 of the Plan, the Company hereby grants to the Director on the Grant Date an Award consisting of, in the aggregate, [NUMBER] Restricted Stock Units (the “Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan.
1.2The Restricted Stock Units shall be credited to a separate account maintained for the Director on the books and records of the Company. All amounts credited to such account shall continue for all purposes to be part of the general assets of the Company.
2.Vesting.
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