0001193125-16-663358 Sample Contracts

AWARD AGREEMENT GRANT OF PHANTOM UNITS ITT Educational Services, Inc. Non- Employee Directors 2016 Phantom Units Plan
Phantom Units Agreement • July 29th, 2016 • Itt Educational Services Inc • Services-educational services

This Award Agreement (this “Agreement”) between ITT Educational Services, Inc. (the “Company”), and the Participant named above (the “Participant”) evidences the grant to the Participant of Phantom Units under the ITT Educational Services, Inc. Non-Employee Directors 2016 Phantom Units Plan (the “Plan”). Capitalized terms used but not defined in this Agreement shall have the meanings given to those terms in the Plan.

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