UL INC. LONG-TERM INCENTIVE PLAN EXECUTIVE AWARD AGREEMENT (CASH SETTLED APPRECIATION RIGHTS)Executive Award Agreement • May 18th, 2022 • UL Inc. • Services-testing laboratories • Delaware
UL Inc. (the “Company”) hereby grants to the individual referenced in the electronic grant statement (the “Executive”), pursuant to Section 2.1 of the UL Inc. Long-Term Incentive Plan, as amended and restated from time to time (the “Plan”), an Award consisting of Cash Settled Appreciation Rights (“CSARs”). The Award Date, Expiration Date, Base Price, and number of CSARs under this Award are provided in the Executive’s electronic grant statement and incorporated into this Agreement. Capitalized terms not defined herein have the respective meanings specified in the Plan.
UL INC. LONG-TERM INCENTIVE PLAN PERFORMANCE CASH AWARD AGREEMENTPerformance Cash Award Agreement • May 18th, 2022 • UL Inc. • Services-testing laboratories • Delaware
UL Inc. (the “Company”) hereby grants to the individual referenced in the electronic grant statement (the “Executive”), pursuant to Section 3.1 of the UL Inc. Long-Term Incentive Plan, as amended and restated from time to time (the “Plan”), a Performance Cash Award (the “Award”). The Award Date, Performance Period, Performance Metrics, and value payable at Target and other levels of performance under this Award are provided in the Executive’s electronic grant statement and incorporated into this Agreement. Capitalized terms not defined herein have the respective meanings specified in the Plan.
UL INC. LONG-TERM INCENTIVE PLAN EXECUTIVE AWARD AGREEMENT (CASH SETTLED APPRECIATION RIGHTS)Executive Award Agreement • May 18th, 2022 • UL Inc. • Services-testing laboratories • Delaware
UL Inc. (the “Company”) hereby grants to the individual referenced in the electronic grant statement (the “Executive”), pursuant to Section 2.1 of the UL Inc. Long-Term Incentive Plan, as amended and restated from time to time (the “Plan”), an Award consisting of Cash Settled Appreciation Rights (“CSARs”). The Award Date, Expiration Date, Base Price, and number of CSARs under this Award are provided in the Executive’s electronic grant statement and incorporated into this Agreement. Capitalized terms not defined herein have the respective meanings specified in the Plan.
UL INC. LONG-TERM INCENTIVE PLAN AMENDMENT TO (CASH SETTLED APPRECIATION RIGHTS)Executive Award Agreement • May 18th, 2022 • UL Inc. • Services-testing laboratories
UL Inc. (the “Company”) hereby amends the Agreement memorializing the 2019 grant to the employee referenced in the electronic grant statement (“Executive”), pursuant to Section 2.1 of the UL Inc. Long-Term Incentive Plan (as amended and restated effective January 1, 2019) (the “2019 Plan”), of an Award of CSARs (the “2019 Award”), effective as of the date of acceptance by the Executive pursuant to Section 1 hereof (the “Amendment”). In accordance with IRS Notice 2010-6, this Amendment is intended to align the 2019 Plan and the Agreement with the requirements of Section 409A of the Code, insofar as they apply to the 2019 Award. Capitalized terms not defined herein have the respective meanings specified in the Agreement and, to the extent not defined in therein, the 2019 Plan.
