STOCK UNIT AWARD AGREEMENT (Granted under the UFP Technologies, Inc. 2003 Incentive Plan)Stock Unit Award Agreement • February 27th, 2017 • Ufp Technologies Inc • Plastics foam products • Delaware
This Stock Unit Award Agreement is entered into as of the 21st day of February, 2017 by and between UFP Technologies, Inc. (hereinafter the “Company”) and _____________ (the “Awardee”). Capitalized terms used but not defined herein shall have the meanings assigned to them in the Company’s 2003 Incentive Plan, as amended (the “Plan”). Stock Unit Awards (SUA’s represent the Company’s unfunded and unsecured promise to issue shares of Common Stock at a future date, subject to the terms of this Award Agreement, including, without limitation, the performance objectives set forth in Schedule A hereto, and the Plan. Awardee has no rights under the SUAs other than the rights of a general unsecured creditor of the Company.
