FORM OF LYDALL, INC. PERFORMANCE SHARE AWARD AGREEMENTPerformance Share Award Agreement • January 15th, 2009 • Lydall Inc /De/ • Motor vehicle parts & accessories • Connecticut
THIS PERFORMANCE SHARE AWARD AGREEMENT (this “Agreement”) is made and entered into as of the Date of Grant set forth in Exhibit A annexed hereto and between Lydall, Inc., a Delaware corporation (the “Company”), and the undersigned recipient (the “Recipient”) of Performance Shares granted under the Amended and Restated Lydall 2003 Stock Incentive Compensation Plan (the “Plan”). All capitalized terms used but not defined in this Agreement shall have the same meanings that have been ascribed to them in the Plan, unless the context clearly requires otherwise.
