MGE ENERGY, INC. AWARD AGREEMENTPerformance Unit Award Agreement • February 27th, 2020 • Madison Gas & Electric Co • Electric & other services combined • Wisconsin
THIS AWARD AGREEMENT (the "Agreement") is made by and between MGE ENERGY, INC., a corporation organized and existing under the laws of the State of Wisconsin (the "Company"), and the employee named above (the "Participant"), as of the date designated above (the "Grant Date"). This Agreement provides notice of the terms and conditions applicable to a grant of Performance Units and Restricted Units made pursuant to the Company's 2020 Performance Unit Plan (the "Plan"). By execution below, the Participant agrees to be bound by the terms and conditions described herein and the provisions of the Plan. Unless otherwise defined below or in Exhibit 1 or Exhibit 2, both attached hereto and made a part hereof, capitalized terms have the meanings ascribed to them in the Plan, a copy of which is being delivered with this Agreement.
