FORM OF NEW DIRECTOR STOCK AGREEMENT UNDER THE AMENDED AND RESTATED NORTHERN TRUST CORPORATION 2002 STOCK PLANDirector Stock Agreement • April 29th, 2011 • Northern Trust Corp • State commercial banks • Illinois
The Amended and Restated Northern Trust Corporation 2002 Stock Plan (“Plan”) provides in Section 10 of the Plan for the awarding of stock units (“Stock Units”) to participants, who may include directors of Northern who are not employees of the Corporation or its Subsidiaries (collectively, the “Corporation”), as approved by the Compensation and Benefits Committee (“Committee”) of the Board of Directors of Northern. Capitalized terms not defined in this Agreement shall have the meanings assigned to them in the Plan.
FORM OF DIRECTOR PRORATED STOCK AGREEMENT UNDER THE AMENDED AND RESTATED NORTHERN TRUST CORPORATION 2002 STOCK PLANStock Agreement • April 29th, 2011 • Northern Trust Corp • State commercial banks • Illinois
The Amended and Restated Northern Trust Corporation 2002 Stock Plan (“Plan”) provides in Section 10 of the Plan for the awarding of stock units (“Stock Units”) to participants, who may include directors of Northern who are not employees of the Corporation or its Subsidiaries (collectively, the “Corporation”), as approved by the Compensation and Benefits Committee (“Committee”) of the Board of Directors of Northern. Capitalized terms not defined in this Agreement shall have the meanings assigned to them in the Plan.
FORM OF ADVISORY DIRECTOR CASH-SETTLED STOCK UNIT AGREEMENTSettled Stock Unit Agreement • April 29th, 2011 • Northern Trust Corp • State commercial banks • Illinois
The Board of Directors (“Board”) of Northern has appointed to the position of advisory director (and he is referred to herein as the “Advisory Director.”) The Board has determined that the Advisory Director should receive a grant of cash compensation in the form of stock units (the “Stock Units”), described below, which Stock Units shall be settled exclusively in cash, and shall be subject to all of the terms and conditions outlined below. Accordingly, Northern and the Advisory Director hereby agree as follows:
