Common Contracts
2 similar Restricted Stock Agreement contracts by Sealed Air Corp/De
RESTRICTED STOCK AGREEMENTRestricted Stock Agreement • December 24th, 2008 • Sealed Air Corp/De • Converted paper & paperboard prods (no contaners/boxes) • Delaware
The Employee is now in the employ of the Corporation or one of its Subsidiaries and has been selected by the Organization and Compensation Committee (the “Committee”) of the Board of Directors of the Corporation as an employee who is in a position to make a significant contribution to the growth and success of the Corporation. Pursuant to the 2005 Contingent Stock Plan of Sealed Air Corporation, the Corporation desires to provide an incentive to the Employee that will permit him or her to share directly in the growth of the Corporation and to further identify his or her interests with those of the stockholders of the Corporation.
RESTRICTED STOCK AGREEMENTRestricted Stock Agreement • December 24th, 2008 • Sealed Air Corp/De • Converted paper & paperboard prods (no contaners/boxes) • Delaware
The Employee is now in the employ of the Corporation or one of its Subsidiaries and was selected by the Organization and Compensation Committee (the “Committee”) of the Board of Directors of the Corporation to be given a leveraged opportunity to receive an award of Restricted Stock or Restricted Stock Units under the 2005 Contingent Stock Plan of Sealed Air Corporation pursuant to the Stock Leverage Opportunity (SLO) provision of the Corporation’s Annual Incentive Plan for the 2008 calendar year. This award of Restricted Stock is made based on the portion of the Employee’s annual bonus award for 2008 elected by the Employee to be received as such under the SLO provision of the Annual Incentive Plan, the amount of the Employee’s annual bonus award for 2008 as approved by the Committee, and the 25% premium applicable to such award that was approved by the Committee.
