Common Contracts

Contract

Retention Award Agreement • March 16th, 2010 • Cit Group Inc • Finance lessors • Delaware

• Contract Type
  Retention Award Agreement
• Filed
  March 16th, 2010
• Company
  Cit Group Inc
• Industry
  Finance lessors
• Jurisdiction
  Delaware

This Retention Award Agreement, effective as of the Date of Award set forth above, sets forth the grant of a deferred cash award (“Deferred Cash Award”) by CIT Group Inc., a Delaware corporation (the “Company”), to the Participant named above. A purpose of this Retention Award Agreement is to provide the Participant with an additional incentive to remain in the service of the Company through the two-year period ending on the second anniversary of the Date of Award (the “Retention Period”). This Award Agreement memorializes the terms and conditions of the action of the Committee on January 20, 2009 to grant the Deferred Cash Award. All capitalized terms used in this Award Agreement shall have the meanings ascribed to them in the CIT Group Inc. Long Term Incentive Plan, as may be amended from time to time (the “Plan”), unless specifically set forth otherwise herein.

CIT Group Inc. Retention Award Agreement

Retention Award Agreement • March 16th, 2010 • Cit Group Inc • Finance lessors • Delaware

• Contract Type
  Retention Award Agreement
• Filed
  March 16th, 2010
• Company
  Cit Group Inc
• Industry
  Finance lessors
• Jurisdiction
  Delaware

This Retention Award Agreement, effective as of the Date of Award set forth above, sets forth the grant of a deferred cash award (“Deferred Cash Award”) by CIT Group Inc., a Delaware corporation (the “Company”), to the Participant named above. A purpose of this Retention Award Agreement is to provide the Participant with an additional incentive to remain in the service of the Company through the two-year period ending on the second anniversary of the Date of Award (the “Retention Period”). This Award Agreement memorializes the terms and conditions of the action of the Compensation Committee (the “Committee”) of the Board of Directors of the Company (the “Board”) on January 20, 2009 to grant the Deferred Cash Award. All capitalized terms used in this Award Agreement shall have the meanings ascribed to them in the CIT Group Inc. Long Term Incentive Plan, as may be amended from time to time (the "Plan"), unless specifically set forth otherwise herein.