Common Contracts
2 similar Award Agreement contracts by Owens Corning
AWARD AGREEMENT pursuant to the OWENS CORNING RESTRICTED STOCK UNIT AWARDAward Agreement • February 12th, 2014 • Owens Corning • Abrasive, asbestos & misc nonmetallic mineral prods • Delaware
OWENS CORNING, a Delaware corporation (the “Company”), hereby grants to [Participant Name] (the “Holder”), as of [Grant Date] ( the “Grant Date”), pursuant to the provisions of the Owens Corning 2010 Stock Plan (the “Plan”), [Number of Shares Granted] restricted stock units (the “Units”) relating to shares of the Company’s Common Stock, $0.01 par value (“Stock”), upon and subject to the restrictions, terms and conditions set forth below (the “Award”). Each Unit shall provide for the issuance and transfer to the Holder of one share of Stock upon the lapse of the restrictions set forth in Section 1 hereof. Upon issuance and transfer of the shares of Stock subject to the Units following the lapse of the Restriction Period, the Holder shall have all rights incident to ownership of such shares, including but not limited to voting rights and the right to receive dividends. References to employment by the Company shall also mean employment by a Subsidiary. Capitalized terms not defined herein
AWARD AGREEMENT pursuant to the OWENS CORNING PERFORMANCE SHARE UNIT AWARDAward Agreement • February 12th, 2014 • Owens Corning • Abrasive, asbestos & misc nonmetallic mineral prods • Delaware
Owens Corning, a Delaware corporation (the “Company”), hereby grants to [Participant Name] (the “Holder”), as of [Grant Date], (the “Grant Date”), pursuant to the provisions of the Owens Corning 2010 Stock Plan (the “Plan”), [Number of Shares Granted] share-settled Performance Share Units (the “Units”) relating to shares of the Company’s Common Stock, $0.01 par value (“Stock”), upon and subject to the terms and conditions set forth below (the “Award”). The Units comprising the Award may be recorded in an unfunded Unit account in the Holder’s name maintained by the Company. Units shall have no distribution, dividend or voting rights. The Holder will have no rights as a stockholder of the Company by virtue of any award of Units until shares of Stock, if any, are issued to the Holder as described in this Agreement. Capitalized terms not defined herein shall have the meanings specified in the Plan.
