PERFORMANCE STOCK AWARD GRANT AGREEMENTPerformance Stock Award Grant Agreement • July 30th, 2008 • Twin Disc Inc • General industrial machinery & equipment
THIS PERFORMANCE STOCK AWARD GRANT AGREEMENT (the “Agreement”), by and between TWIN DISC, INCORPORATED (the “Company”) and _____________________________________ (the “Employee”) is dated this 24th day of July, 2008, to memorialize an award of performance stock of even date herewith.
PERFORMANCE STOCK UNIT AWARD GRANT AGREEMENTPerformance Stock Unit Award Grant Agreement • July 30th, 2008 • Twin Disc Inc • General industrial machinery & equipment
THIS PERFORMANCE STOCK UNIT AWARD GRANT AGREEMENT (the “Agreement”), by and between TWIN DISC, INCORPORATED (the “Company”) and ___________________________ (the “Employee”) is dated as of the 24th day of July, 2008, to memorialize an award of performance stock units of even date herewith.
RESTRICTED STOCK GRANT AGREEMENTRestricted Stock Grant Agreement • July 30th, 2008 • Twin Disc Inc • General industrial machinery & equipment
WHEREAS, the Company adopted a Long Term Incentive Compensation Plan in 2004, as amended in 2006 (the “Plan”), whereby the Compensation Committee of the Board of Directors (the “Committee”) is authorized to award shares of common stock of the Company to officers and key employees carrying restrictions such as a prohibition against disposition and establishing a substantial risk of forfeiture; and WHEREAS, the Committee has determined it to be in its best interests of the Company to provide the Employee with an inducement to acquire or increase his equity interest in the Company.
