RESTRICTED SHARE UNIT AGREEMENTRestricted Share Unit Agreement • January 30th, 2020 • Meritor, Inc. • Motor vehicle parts & accessories • Indiana
In accordance with Section 11 of the 2020 Long-Term Incentive Plan (the “Plan”) of Meritor, Inc. (the “Company”), the number of restricted share units specified above have been granted to you as of the date listed above (“Grant Date”) as restricted share units (“Restricted Share Units”). By accepting such award (this “Award”), you agree to the terms and conditions of this restricted share unit agreement (this “Agreement”). Each Restricted Share Unit represents a right to receive one share of common stock, par value $1.00 per share, of the Company (the “Common Stock”) or its cash equivalent in the future. All capitalized terms used herein and not otherwise defined will have the meanings set forth in the Plan.
RESTRICTED STOCK AGREEMENTRestricted Stock Agreement • January 30th, 2020 • Meritor, Inc. • Motor vehicle parts & accessories • Indiana
In accordance with Section 11 of the 2020 Long-Term Incentive Plan (the “Plan”), of Meritor, Inc. (the “Company”), and your election pursuant to the Meritor, Inc. Non-Employee Director Retainer Deferral Policy (the “Policy”), the number of shares of Common Stock of the Company specified above have been granted to you as of the date listed above (“Grant Date”) as restricted shares (“Restricted Shares”). By accepting such award (this “Award”), you agree to the terms and conditions of this restricted stock agreement (this “Agreement”). All capitalized terms used herein and not otherwise defined will have the meanings set forth in the Plan.
PERFORMANCE SHARE UNIT AGREEMENTPerformance Share Unit Agreement • January 30th, 2020 • Meritor, Inc. • Motor vehicle parts & accessories • Indiana
In accordance with Section 11 of the 2020 Long-Term Incentive Plan (the “Plan”) of Meritor, Inc. (the “Company”), the number of Performance Share Units specified above have been granted to you as of the date listed above (“Grant Date”) as Performance Share Units (“Performance Share Units”). By accepting such award (this “Award”), you agree to the terms and conditions of this performance share unit agreement (this “Agreement”). Each Performance Share Unit represents a right to receive one share of common stock, par value $1.00 per share, of the Company (the “Common Stock”) or its cash equivalent in the future upon achievement of certain performance and time-based vesting criteria. All capitalized terms used herein and not otherwise defined will have the meanings set forth in the Plan.
