GRANITE CONSTRUCTION INCORPORATED ANNUAL INCENTIVE PLAN [Year] PARTICIPATION AGREEMENTGranite Construction Incorporated • April 1st, 2022 • Granite Construction Inc • Heavy construction other than bldg const - contractors • California
The Compensation Committee of the Board of Directors of Granite Construction Incorporated (the "Compensation Committee") has selected you for participation in the Granite Construction Incorporated Annual Incentive Plan (the “AIP”). Under the terms of the AIP (a copy of which is attached as Exhibit A to this Agreement) you may earn a cash bonus upon the achievement of certain performance targets as determined by the Compensation Committee and described in Exhibit B to this Agreement. Unless otherwise defined herein, capitalized terms shall have the meanings set forth in the AIP.
