AWARD AGREEMENTAward Agreement • April 26th, 2012 • Asbury Automotive Group Inc • Retail-auto dealers & gasoline stations • Delaware
This Award Agreement (this “Award Agreement”) sets forth the terms and conditions of an award of a number of (i) Shares that are subject to certain restrictions on transfer and risks of forfeiture and other terms and conditions specified herein (“Restricted Shares”) and/or (ii) performance share units (“PSUs” and, together with the terms and conditions of the award, the “Performance Award”) that are subject to the terms and conditions specified herein, and in either such case that are granted to the Grantee under the Asbury Automotive Group, Inc. Amended and Restated 2002 Equity Incentive Plan, as amended and restated effective as of February 8, 2012 (the “Plan”) (in either such case, or together, if applicable, the “Award”). Each PSU represents the right to receive one Share upon the vesting of such PSU.
