Deferred Common Share/Dividend Equivalent Award and Stock Option Grant Agreement Under the NSTAR 2007 Long Term Incentive PlanAward and Stock Option Grant Agreement • May 3rd, 2007 • Nstar/Ma • Electric services
This Agreement evidences the award by the Company on May 3, 2007 to the Employee of: 1) the right to receive, without payment, __________ common shares of the Company ("Common Shares ") on a deferred basis (the "Deferred Common Share Award"); 2) the right to receive such additional Common Shares, on a deferred basis, equal in value to the dividends which would have been paid with respect to the Common Shares underlying the Deferred Share Award, had such Common Shares been issued to the Employee on May 3, 2007 ("Dividend Equivalent Common Shares”); and 3) the grant by the Company to the Employee of the number of stock options set forth below, such awards and such grant made under the terms and conditions set forth both in this Agreement and the Plan.
