Form of Restricted Stock Agreement under the Forward Air Corporation 2006 Non- Employee Director Stock Plan NON-EMPLOYEE DIRECTOR RESTRICTED STOCK AGREEMENTRestricted Stock Agreement • May 19th, 2006 • Forward Air Corp • Arrangement of transportation of freight & cargo • Tennessee
This Agreement (this “Agreement”) evidences the award of ____________ restricted shares (each, an “Award Share,” and collectively, the “Award Shares”) of the Common Stock of Forward Air Corporation, a Tennessee corporation (the “Company”), granted to you, _______________________, effective as of _____________, ___ (the “Grant Date”), pursuant to the Forward Air Corporation 2006 Non-Employee Director Stock Plan (the “Plan”) and conditioned upon your agreement to the terms described below. All of the provisions of the Plan are expressly incorporated into this Agreement.
