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The Award Agreement lays down the terms and provisions of the equity award to the awardee, who may be a worker or employee, under the company’s equity incentive plan (e.g., an RSU Equity Plan Agreement). The agreement, for example, sets the conditions as to when and how the awardee would become entitled to or disqualified for the equity award. Other details outlined in the Award Agreement include, but are not limited to the number of shares, the vesting schedule and the terms of the payment or settlement of the equity.