THERMON GROUP HOLDINGS, INC. AMENDED AND RESTATED 2011 LONG-TERM INCENTIVE PLAN PERFORMANCE UNIT AWARD AGREEMENTPerformance Unit Award Agreement • November 4th, 2014 • Thermon Group Holdings, Inc. • Electrical industrial apparatus • Delaware
Effective as of <<GRANT DATE>>, Thermon Group Holdings, Inc., a Delaware corporation (the “Company”) hereby grants a performance unit award with a grant date fair value of $$<<GRANT DATE FAIR VALUE>> (the “Award”) to <<FIRST NAME>> <<LAST NAME>> (the “Holder”), with the value set forth in this sentence being the “Target Award.” The number of performance units subject to the Target Award shall be determined by dividing the Target Award by the fair market value per performance unit as reported to the Company by a third party valuation firm after completing a Monte Carlo valuation simulation. Performance units are notional units of measurement denominated in shares of the Company’s Common Stock, par value $0.001 per share (“Stock”) (i.e., one performance unit is equivalent in value to one share of Stock). The actual number of shares of Stock which may be earned in settlement of this performance unit award is dependent upon the satisfaction of the conditions set forth herein.
