RESTRICTED STOCK UNIT AWARD AGREEMENT Non-transferable GRANT TO Name of the Employee (“Grantee”) by Progress Energy, Inc. (the “Sponsor”) of X,XXXRestricted Stock Unit Award Agreement • February 29th, 2012 • 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.
FIRST AMENDMENT TO THE AMENDED MANAGEMENT INCENTIVE COMPENSATION PLANIncentive Compensation Plan • February 29th, 2012 • Progress Energy Inc • Electric services
WHEREAS, the Company entered into the Agreement and Plan of Merger with Duke Energy Corporation (“Duke”) dated as of January 8, 2011 (the “Merger Agreement”);
