Performance Restricted Stock Unit Agreement – Employee MTS SYSTEMS CORPORATION ID: 41-0908057 14000 Technology Drive Eden Prairie, MN 55344Performance Restricted Stock Unit Agreement • December 2nd, 2015 • MTS Systems Corp • Measuring & controlling devices, nec
Effective «Grant_date», you have been granted «TargetShares» Target Shares of Performance Restricted Stock Units representing the right to receive shares of MTS SYSTEMS CORPORATION (the “Company”) stock pursuant to the Company’s 2011 Stock Incentive Plan (the “Plan”). Under this Grant, you will earn a percentage of the Target Shares (rounded to the nearest whole share) only at the time and upon achievement of the Performance Goal (“Goal”) of the specified Performance Measure (“Measure”), determined by Goal achievement at, below or above Target as set forth below.
