RESTRICTED STOCK UNIT AWARD AGREEMENT Non-transferable GRANT TO name (“Grantee”) by Progress Energy, Inc. (the “Sponsor”) of xxxRestricted Stock Unit Award Agreement • March 23rd, 2009 • Progress Energy Inc • Electric services
Restricted Stock Units (the “Units”) representing the right to earn, on a one-for-one basis, shares of the Sponsor’s common stock (“Stock”), pursuant to and subject to the provisions of the Progress Energy, Inc. Amended and Restated 2007 Equity Incentive Plan (the “Plan”) and to the terms and conditions set forth on the following pages of this award agreement (“Agreement”). Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Plan.
