UNIVERSAL CORPORATION Restricted Stock Units Award AgreementRestricted Stock Units Award Agreement • August 4th, 2021 • Universal Corp /Va/ • Wholesale-farm product raw materials • Virginia
THIS RESTRICTED STOCK UNITS AWARD AGREEMENT, dated as of this «DAY» day of «MONTH», 2021, between Universal Corporation, a Virginia corporation (the “Company”) and «PARTICIPANT» (the “Participant”), is made pursuant and subject to the provisions of the Company’s 2017 Stock Incentive Plan and any future amendments thereto (the “Plan”). The Plan, as it may be amended from time to time, is incorporated herein by reference. All terms used herein that are defined in the Plan shall have the same meanings given them in the Plan.
UNIVERSAL CORPORATION Performance Stock Units Award AgreementPerformance Stock Units Award Agreement • August 4th, 2021 • Universal Corp /Va/ • Wholesale-farm product raw materials • Virginia
THIS PERFORMANCE STOCK UNITS AWARD AGREEMENT, effective as of the Award Date, between Universal Corporation, a Virginia corporation (the “Company”), and the Participant, is made pursuant and subject to the Company’s 2017 Stock Incentive Plan, as approved on August 3, 2017, which is incorporated herein by reference, and any future amendments thereto (the “Plan”). All terms used herein that are defined in the Plan shall have the same meanings given them in the Plan. For purposes of this Agreement, the term “Performance Stock Unit” shall have the same meaning as the term “Stock Unit” used in the Plan. This agreement, along with the accompanying letter detailing an award during 2021 of Performance Stock Units to the Participant (“Award Letter”), constitutes a single agreement governing the terms and conditions of the Participant’s award under the Plan, and is referred to herein as the “Agreement.”
