FORM OF 2008 SARs HERBALIFE LTD. 2005 STOCK INCENTIVE PLAN STOCK APPRECIATION RIGHT AWARD AGREEMENTStock Incentive Plan • April 7th, 2008 • Herbalife Ltd. • Wholesale-drugs, proprietaries & druggists' sundries
STOCK APPRECIATION RIGHT AGREEMENT (this “Agreement”) dated as of March 27, 2008 (the “Grant Date”) between HERBALIFE LTD., an entity organized under the laws of the Cayman Islands (the “Company”), and Michael O. Johnson (“Participant”).
EMPLOYMENT AGREEMENTEmployment Agreement • April 7th, 2008 • Herbalife Ltd. • Wholesale-drugs, proprietaries & druggists' sundries • California
anniversary of the Grant Date, and (iv) the remaining ten percent (10%) of the Stock Units subject to the Award shall vest on the fourth anniversary of the Grant Date (each such date a “Vesting Date”). Stock Units that have vested and are no longer subject to forfeiture are referred to herein as “Vested Units.” Stock Units that are not vested and remain subject to forfeiture are referred to herein as “Unvested Units.”
FORM OF 2008 RSU HERBALIFE LTD. 2005 STOCK INCENTIVE PLAN STOCK UNIT AWARD AGREEMENT2005 Stock Incentive Plan Stock Unit Award Agreement • April 7th, 2008 • Herbalife Ltd. • Wholesale-drugs, proprietaries & druggists' sundries
This Stock Unit Award Agreement (this “Agreement”) is dated as of this 27th day of March, 2008 (the “Grant Date”), and is between Herbalife Ltd., an entity organized under the laws of the Cayman Islands (the “Company”), and Michael O. Johnson (“Participant”).
