Notice of Grant ofPerformance-Based Units (TSR) [Name][Address][Address]
Exhibit 10.2
Notice of Grant of Performance-Based Units (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 Units (“Award”), as follows:
Grant Date: | January 13, 2014 |
Number of Shares: | Your Award consists of ______ Performance-Based Units (TSR) (each a “Unit”).1 |
Vesting Schedule: | Your Performance-Based Units (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 Units (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 Units, 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 Units were rounded to the nearest whole Unit.
Notice of Grant of Performance-Based Units (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 Unit (“Award”), as follows:
Grant Date: | January 13, 2014 |
Number of Shares: | Your Award consists of ______ Performance-Based Units (ROIC) (each a “Unit”).1 |
Vesting Schedule: | Your Performance-Based Units (ROIC) 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 Units (ROIC), 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 Units, 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 Units were rounded to the nearest whole Unit.
Notice of Grant of Time-Based Restricted Stock Units |
[Name] [Address] [Address] |
Subject to the terms and conditions of ________________________________ (the “Plan”) and the Award Agreement, you have been granted a Restricted Stock Unit award (“Award”), as follows:
Grant Date: | January 13, 2014 |
Number of Shares: | Your Award consists of ______ Restricted Stock Units (each a “Unit”).1 |
Vesting Schedule: | Your Restricted Stock Units will vest on the third anniversary of the Grant Date. |
Settlement: | If the restrictions on your Restricted Stock Units lapse, your Restricted Stock Units 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 Units, 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 Units were rounded to the nearest whole Unit.
