DOVER CORPORATION
Exhibit 10.8
DOVER CORPORATION
DATE:
TO:
FROM:
SUBJ: SSAR Grant
Here are the details for your SSAR grant.
Number of shares of Dover Common Stock -
SSAR base price per share -
Date of Grant –
Expiration Date -
SSAR base price per share -
Date of Grant –
Expiration Date -
Your SSAR is subject to all of the terms and provisions of the Plan, which terms and provisions are
expressly incorporated into and made a part of your SSAR award as if set forth in full herein. A
copy of the Plan is included with this award agreement.
In addition, your SSAR is subject to the following:
1. Your SSAR is subject to earlier termination as provided in the Plan, for example, upon
termination of employment prior to the expiration date.
2. It is your responsibility to keep track of your SSAR grants and to ensure that you exercise
your SSARs before they expire. Dover will not remind or notify you that your SSAR is nearing its
expiration date.
3. The earliest date on which the SSAR may be exercised is the third anniversary of the Grant Date.
Earlier exercise may be permitted in the event of a Change in Control or death or disability as
provided in the Plan. No payment is required to exercise a SSAR.
4. Upon exercise of your SSARs, you will be entitled to receive from Dover that number of whole
shares of Dover Common Stock equal in value, on the date of exercise of the SSARs, to the excess of
(A) the value of a share of Dover Common Stock on the date of exercise of the SSARs multiplied by
the number of SSARs being exercised over (B) the sum of (i) the per share base price of the SSARs
being exercised multiplied by the number of SSARs being exercised, plus (ii) unless you elect to
pay such tax in cash,
any amount of tax that must be
withheld in connection with such exercise. Fractional shares shall be disregarded.
5. By accepting this award, you consent to the transfer of any information relating to your
participation in the Plan to Dover and its affiliates.
6. Your SSAR is not transferable by you other than by will or the laws of descent and
distribution.
7. Dover and your employer reserve the right to amend, modify, or terminate the Plan at any time
in their discretion without notice.
Please acknowledge receipt of a copy of the Plan and your agreement to the terms and conditions set
forth herein and therein by signing and returning one copy of this award agreement. This award
agreement shall only become effective upon receipt by Dover of your signed copy of this agreement.
Employee
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Vice President | |
Date |
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