THE SHARES ISSUABLE UPON VESTING OF THIS AWARD WILL NOT BE RELEASED TO YOU UNTIL ALL APPLICABLE MONETARY OBLIGATIONS HAVE BEEN COLLECTED FROM YOU OR HAVE OTHERWISE BEEN PROVIDED FOR. VIRCO MFG. CORPORATION RESTRICTED STOCK UNIT AWARD AGREEMENTRestricted Stock Unit Award Agreement • April 17th, 2006 • Virco MFG Corporation • Public bldg & related furniture
To encourage your continued service as a director of Virco Mfg. Corporation (the “Company”), you have been granted this restricted stock unit award (the “Stock Units”) pursuant to the Company’s 1997 Stock Incentive Plan (the “Plan”). The Stock Units represent the right to receive shares of Common Stock of the Company (the “Shares,” and together with the Stock Unit, the “Award”) subject to the fulfillment of the vesting conditions regarding the Stock Units set forth in this agreement (this “Agreement”).
