TEAM, INC. NOTICE OF GRANT for Stock Units awarded under the Team, Inc. 2018 Equity Incentive Plan Team, Inc. (the "Company”) has granted to Participant (as designated below) a long-term incentive award pursuant to the Team, Inc. 2018 Equity Incentive Plan (as amended and/or restated, the "Plan”) and subject to the additional terms and conditions provided under the Team, Inc. Stock Unit Award Agreement, a copy of which is attached as Exhibit A ("Award Agreement”). By continuing to provide services to the Company and/or any of its Affiliates, Participant is deemed to have accepted the terms and conditions of this Notice of Grant, the Award Agreement and the Plan. Any capitalized terms not defined herein are defined in the Plan and/or the Award Agreement. 1. Grant Terms: Participant Name: ________________ Date of Grant: ________________ Number of Stock Units: ________________ 2. Vesting Schedule: The Participant’s Stock Units shall become vested in accordance with the following schedule: Number of Stock Units Scheduled Vesting Date Except as provided in the Plan or the Award Agreement, the Participant’s right to receive any amounts under this Notice or the Award Agreement shall be forfeited on the date Participant ceased to be employed by the Company and its Affiliates. TEAM, INC. ACCEPTED AND AGREED: PARTICIPANT By: __________________________ By: _________________________ Printed Name: __________________ Printed Name: ___________________ Title: _________________________ Date Signed: ____________________
Form 10-K Page 89 Page 91