0001023128-20-000018 Sample Contracts

LITHIA MOTORS, INC. RESTRICTED STOCK UNIT AGREEMENT (2020 Time-vesting)
Restricted Stock Unit Agreement • February 21st, 2020 • Lithia Motors Inc • Retail-auto dealers & gasoline stations • Oregon

This Restricted Stock Unit Agreement (“Agreement”) is entered into pursuant to the 2013 Amended and Restated Stock Incentive Plan (the “Plan”) adopted by the Board of Directors and Shareholders of Lithia Motors, Inc., an Oregon corporation (the “Company”), as amended from time to time. Unless otherwise defined herein, capitalized terms in this Agreement have the meanings given to them in the Plan. Any inconsistency between this Agreement and the terms and conditions of the Plan will be resolved in favor of the Plan.

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LITHIA MOTORS, INC. RESTRICTED STOCK UNIT AGREEMENT (2020 Performance- and Time-vesting)
Restricted Stock Unit Agreement • February 21st, 2020 • Lithia Motors Inc • Retail-auto dealers & gasoline stations • Oregon

This Restricted Stock Unit Agreement (“Agreement”) is entered into pursuant to the 2013 Amended and Restated Stock Incentive Plan (the “Plan”) adopted by the Board of Directors and shareholders of Lithia Motors, Inc., an Oregon corporation (the “Company”), as amended from time to time. Unless otherwise defined herein, capitalized terms in this Agreement have the meanings given to them in the Plan. Any inconsistency between this Agreement and the terms and conditions of the Plan will be resolved in favor of the Plan.

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