Shutterfly 2011 Annual Report Download - page 116

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SHUTTERFLY, INC.
2006 EQUITY INCENTIVE PLAN
NOTICE OF RESTRICTED STOCK UNIT AWARD (U.S. FORM)
GRANT NUMBER: ________
The terms defined in Shutterfly, Inc.’s 2006 Equity Incentive Plan (the “Plan”)
shall have the same meanings in this Notice of
Restricted Stock Unit Award (“Notice of Grant”).
You (“ Participant ”) have been granted an award of Restricted Stock Units (“RSUs”),
subject to the terms and conditions of the
Plan and the attached Award Agreement (Restricted Stock Units) (hereinafter
“RSU Agreement”)
to the Plan (available in hard copy by
request), as follows:
Expiration Date:
The date on which settlement of all RSUs granted hereunder occurs, with earlier expiration upon the Termination
Date
Vesting Schedule: The RSUs will vest as follows: [Subject to your continued service as an employee, director or consultant of
the Company ___________________________________.]
Participant understands that his service relationship with the Company (and/or Parent or Subsidiary) is for an unspecified duration, can be
terminated at any time with or without cause (i.e., is “at-will”),
and that nothing in this Notice of Grant, the Attached Award Agreement or the
Plan changes the at-will nature of that relationship.
Participant acknowledges that the vesting of the RSUs pursuant to this Notice of Grant ceases on the Termination Date. Participant also
understands that this Notice of Grant is subject to the terms and conditions of both the RSU Agreement and the Plan, both of which are
incorporated herein by reference. Participant acknowledges that he has read both the RSU Agreement and the Plan.
Name:
Address:
Number of RSUs:
Date of Grant:
PARTICIPANT
SHUTTERFLY, INC.
Signature:
By:
Print Name:
Its: