Notice of Grant ofPerformance-Based Shares (TSR) [Name][Address][Address]
Exhibit 10.4
Notice of Grant of Performance-Based Shares (TSR) |
[Name] [Address] [Address] |
Subject to the terms and conditions of _______________________________ (the “Plan”) and the Award Agreement, you have been granted an award of performance-based Restricted Stock (“Award”), as follows:
Grant Date: | January 13, 2014 |
Number of Shares: | Your Award consists of ______ Performance-Based Shares (TSR).1 |
Vesting Schedule: | Your Performance-Based Shares (TSR) will vest on the third anniversary of the Grant Date. |
Settlement: | You will have the option to settle your Award by receiving (a) the Shares underlying your vested Performance-Based Shares (TSR), or (b) cash. |
This Notice of Xxxxx describes your Award and the terms and conditions of your Award. To ensure you fully understand these terms and conditions, you should:
• | Read the Plan carefully to ensure you understand how the Plan works; and |
• | Read this Notice of Grant and corresponding Award Agreement carefully to ensure you understand the nature of your Award and what you must do to earn it. |
You may contact ____________ by telephone (____________) or email (______________________) if you have any questions about your Award or the Award Agreement.
_______________________________________
1 Determined by (i) dividing (A) $________, the target dollar amount used to determine the number of Shares, by (B) $_______, the average reported closing price of a Share during the 30-day period ending on the last trading day prior to the Grant Date (“Target Shares”), and (ii) multiplying the result in (i) by 250%. The resulting number of Shares were rounded to the nearest whole Share.
Notice of Grant of Performance-Based Shares (ROIC) |
[Name] [Address] [Address] |
Subject to the terms and conditions of _______________________________ (the “Plan”) and the Award Agreement, you have been granted an award of performance-based Restricted Stock (“Award”), as follows:
Grant Date: | January 13, 2014 |
Number of Shares: | Your Award consists of _______ Performance-Based Shares (ROIC).1 |
Vesting Schedule: | Your Performance-Based Shares (ROIC) will vest on the third anniversary of the Grant Date. |
Settlement: | Your Award will be settled in Shares. |
This Notice of Xxxxx describes your Award and the terms and conditions of your Award. To ensure you fully understand these terms and conditions, you should:
• | Read the Plan carefully to ensure you understand how the Plan works; and |
• | Read this Notice of Grant and corresponding Award Agreement carefully to ensure you understand the nature of your Award and what you must do to earn it. |
You may contact ____________ by telephone (____________) or email (_____________________) if you have any questions about your Award or the Award Agreement.
________________________________________
1 Determined by (i) dividing (A) $_________, the target dollar amount used to determine the number of Shares, by (B) $_______, the average reported closing price of a Share during the 30-day period ending on the last trading day prior to the Grant Date (“Target Shares”), and (ii) multiplying the result in (i) by 250%. The resulting number of Shares were rounded to the nearest whole Share.
Notice of Grant of Time-Based Restricted Stock |
[Name] [Address] [Address] |
Subject to the terms and conditions of ______________________________ (the “Plan”) and the Award Agreement, you have been granted an award of Restricted Stock (“Award”), as follows:
Grant Date: | January 13, 2014 |
Number of Shares: | Your Award consists of ______ Shares of Restricted Stock.1 |
Vesting Schedule: | Your Restricted Stock will vest on the third anniversary of the Grant Date. |
Settlement: | Your Award will be settled in Shares (if the restrictions on your Restricted Stock lapse). |
This Notice of Xxxxx describes your Award and the terms and conditions of your Award. To ensure you fully understand these terms and conditions, you should:
• | Read the Plan carefully to ensure you understand how the Plan works; and |
• | Read this Notice of Grant and corresponding Award Agreement carefully to ensure you understand the nature of your Award and what you must do to earn it. |
You may contact ____________ by telephone (____________) or email (____________________) if you have any questions about your Award or the Award Agreement.
___________________________________
1 Determined by dividing (A) $_______, the target dollar amount used to determine the number of Shares, by (B) $_______, the average reported closing price of a Share during the 30-day period ending on the last trading day prior to the Grant Date. The resulting number of Shares were rounded to the nearest whole Share.
