Document background
The Restricted Stock Unit Award Agreement is a crucial document used when companies want to provide equity-based compensation to their employees in Austria. It forms part of a company's long-term incentive program and helps align employee interests with company performance and shareholder value. The agreement must comply with Austrian corporate law, securities regulations, employment law, and tax requirements. It typically includes detailed provisions about the RSU grant, vesting schedule, settlement terms, and the impact of various employment events on the RSUs. The document is particularly important in the Austrian context due to specific local requirements regarding employment relationships, works council rights, and social security implications. This agreement is commonly used by both Austrian companies and international organizations with Austrian employees, requiring careful consideration of cross-border implications and local compliance requirements.
