SPIRIT AIRLINES, INC. RESTRICTED STOCK UNIT AWARD GRANT NOTICE AND RESTRICTED STOCK UNIT AWARD AGREEMENTRestricted Stock Unit Award Agreement • April 21st, 2021 • Spirit Airlines, Inc. • Air transportation, scheduled • Delaware
Spirit Airlines, Inc., a Delaware corporation (the “Company”), pursuant to its 2015 Incentive Award Plan, as amended from time to time (the “Plan”), hereby grants to the individual listed below (“Participant”), an award of restricted stock units (“Restricted Stock Units” or “RSUs”). Each Restricted Stock Unit represents the right to receive one share of Common Stock upon vesting of such Restricted Stock Unit. This award of Restricted Stock Units is subject to all of the terms and conditions as set forth herein and in the Restricted Stock Unit Award Agreement attached hereto as Exhibit A (the “Agreement”) and the Plan, each of which is incorporated herein by reference. Capitalized terms not specifically defined in this Grant Notice and the Agreement shall have the meanings specified in the Plan.
SPIRIT AIRLINES, INC. 2015 INCENTIVE AWARD PLAN PERFORMANCE SHARE AWARD GRANT NOTICE AND PERFORMANCE SHARE AWARD AGREEMENT [Adjusted Operating Margin]Performance Share Award Agreement • April 21st, 2021 • Spirit Airlines, Inc. • Air transportation, scheduled • Delaware
Operating Margin Percentage PSU multiplier Operating Margin Percentage PSU multiplier 22.2% 200.0% Ranked #1 18.2% 100% Ranked #5 22.1% 197.5% 18.1% 95.00% 22.0% 195.0% 18.0% 90.00% 21.9% 192.5% 17.9% 85.00% 21.8% 190.0% 17.8% 80.00% 21.7% 187.5% 17.7% 75.00% 21.6% 185.0% 17.6% 70.00% 21.5% 182.5% 17.5% 65.00% 21.4% 180.0% 17.4% 60.00% 21.3% 177.5% 17.3% 55.00% 21.2% 175.0% 17.2% 50.00% 21.1% 172.5% 17.1% 45.00% 21.0% 170.0% 17.0% 40.00% 20.9% 167.5% 16.9% 35.00% 20.8% 165.0% 16.8% 30.00% 20.7% 162.5% 16.7% 25.00% 20.6% 160.0% 16.6% 20.00% 20.5% 157.5% 16.5% 15.00% 20.4% 155.0% 16.4% 10.00% 20.3% 152.5% 16.3% 5.00% 20.2% 150.0% 16.2% 0.00% Ranked #9 20.1% 147.5% 20.0% 145.0% 19.9% 142.5% 19.8% 140.0% 19.7% 137.5% 19.6% 135.0% 19.5% 132.5% 19.4% 130.0% 19.3% 127.5% 19.2% 125.0% 19.1% 122.5% 19.0% 120.0% 18.9% 117.5% 18.8% 115.0% 18.7% 112.5% 18.6% 110.0% 18.5% 107.5% 18.4% 105.0% 18.3% 102.5% 18.2% 100% Ranked #5
SPIRIT AIRLINES, INC.Performance Market Stock Unit Grant Notice and Market Stock Unit Agreement • April 21st, 2021 • Spirit Airlines, Inc. • Air transportation, scheduled • Delaware
Spirit Airlines, Inc., a Delaware corporation (the “Company”), pursuant to its 2015 Incentive Award Plan, as amended from time to time (the “Plan”), hereby grants to the individual listed below (“Participant”), a Performance Market Stock Unit (“Units”). Each Unit represents the right to receive one share of the Company’s Common Stock (each, a “Share”), upon the achievement of certain performance goals and continued employment requirements. This award is subject to all of the terms and conditions set forth herein and in the Market Stock Unit Agreement attached hereto as Exhibit A (the “Market Stock Unit Agreement”) and the Plan, each of which are incorporated herein by reference. Capitalized terms not specifically defined in this Grant Notice and the Agreement shall have the meanings specified in the Plan.
TIME BASED CASH AWARD AGREEMENTTime Based Cash Award Agreement • April 21st, 2021 • Spirit Airlines, Inc. • Air transportation, scheduled • Delaware
This time based cash award agreement (this “Agreement”) between Spirit Airlines, Inc., a Delaware corporation (the “Company”), and [ ] (“Participant” is dated effective ____________, (the “Grant Date”)
SPIRIT AIRLINES, INC.Performance Cash Award Agreement • April 21st, 2021 • Spirit Airlines, Inc. • Air transportation, scheduled • Delaware
Spirit Airlines, Inc., a Delaware corporation (the “Company”), pursuant to its 2015 Incentive Award Plan, as amended from time to time (the “Plan”), hereby grants to the individual listed below (“Participant”), a Performance Cash Award (“Performance Cash”). This award is subject to all of the terms and conditions set forth herein and in the Performance Cash Award Agreement attached hereto as Exhibit A (the “Performance Cash Award Agreement”) and the Plan, each of which are incorporated herein by reference. Capitalized terms not specifically defined in this Grant Notice and the Agreement shall have the meanings specified in the Plan.
