TESSCO TECHNOLOGIES INCORPORATED RESTRICTED STOCK AWARDRestricted Stock Award • March 28th, 2022 • Tessco Technologies Inc • Wholesale-electronic parts & equipment, nec • Delaware
THIS RESTRICTED STOCK AWARD (this “Award”) is made as of the 22nd day of March 2022 (the “Grant Date”), by and between TESSCO TECHNOLOGIES INCORPORATED, a Delaware corporation (the “Company”), and DOUGLAS REIN (“Grantee”).
DOUGLAS REINTessco Technologies Inc • March 28th, 2022 • Wholesale-electronic parts & equipment, nec
As you know, I have served as an officer of the Company for over 22 years and my retirement age is fast approaching. The Company and I are each party to a Severance and Restricted Covenant Agreement dated as of February 2, 2009 (“Existing Agreement”) which addresses certain matters related to the term and termination of my employment with the Company, but is largely silent on the issue of retirement. The Company has expressed an interest in pursuing with me mutually agreeable terms pursuant to which I would transition out of my current position as Senior Vice President, Performance Systems and Operations, remain available to train or transition my responsibilities to a successor, and then retire.
