RECITALSEmployment Agreement • March 3rd, 2006 • Manor Care Inc • Services-skilled nursing care facilities
EXHIBIT 10.11 MANOR CARE, INC. RESTRICTED STOCK UNIT AWARD AGREEMENT NAME: _________________________ GRANT: ________ RESTRICTED STOCK UNITS ADDRESS: _____________________ PLAN: AMENDMENT AND RESTATEMENT OF THE EQUITY INCENTIVE PLAN OF MANOR CARE, INC....Manor Care Inc • March 3rd, 2006 • Services-skilled nursing care facilities
Effective on the Grant Date, you have been granted the number of Restricted Stock Units (the "Restricted Units") set forth above providing you the entitlement to receive shares of Manor Care, Inc. (the "Company") Common Stock as the Restricted Units vest, in accordance with the provisions of this Agreement and the provisions of the Amendment and Restatement of the Equity Incentive Plan of Manor Care, Inc. (the "Plan"). In addition to the Restricted Units, you are awarded Dividend Equivalents equal to the number of Restricted Units. "Dividend Equivalents" provide you with the right to receive a payment in shares of Company Common Stock with a Fair Market Value equal to the amount of dividend which would have been paid on a share of Common Stock subject to the Restricted Units and on a share of Common Stock subject to previously awarded Dividend Equivalents, for so long as the Restricted Unit remains outstanding.
