PERFORMANCE STOCK AWARD GRANT AGREEMENTPerformance Stock Award Grant Agreement • August 7th, 2019 • Twin Disc Inc • General industrial machinery & equipment
THIS PERFORMANCE STOCK AWARD GRANT AGREEMENT (the “Agreement”), by and between TWIN DISC, INCORPORATED (the “Company”) and (the “Employee”) is dated this 1st day of August, 2019, to memorialize an award of performance stock of even date herewith.
RESTRICTED STOCK GRANT AGREEMENTRestricted Stock Grant Agreement • August 7th, 2019 • Twin Disc Inc • General industrial machinery & equipment
WHEREAS, the Company adopted a Long-Term Incentive Compensation Plan in 2018 (the “Plan”), whereby the Compensation and Executive Development Committee of the Board of Directors (the “Committee”) is authorized to award shares of common stock of the Company to officers and key employees carrying restrictions such as a prohibition against disposition and establishing a substantial risk of forfeiture; and
