PERFORMANCE-BASED RESTRICTED UNIT AGREEMENTPerformance-Based Restricted Unit Agreement • August 28th, 2008 • WMS Industries Inc /De/ • Miscellaneous manufacturing industries • Delaware
WMS Industries Inc. (the “Company”) hereby awards to you the number of Performance-based Restricted Units (the “Units”) shown above, effective as of the Grant Date. Each Unit represents the obligation of the Company to deliver one share of the Company’s common stock, par value $0.50 per share (the “Common Stock”), to you at the time provided in this Agreement, if the performance criteria set forth herein is met, unless earlier terminated as provided herein. This award is granted to you pursuant to the Company’s Amended and Restated 2005 Incentive Plan (the “Plan”), and is subject to the terms and conditions in the Plan which terms are incorporated by reference in this Agreement as if fully set forth herein and the terms and conditions set forth below. Any capitalized, but undefined, term used in this Agreement shall have the meaning ascribed to it in the Plan.
