LEGG MASON, INC. DEFERRED CASH UNIT AWARD AGREEMENTDeferred Cash Unit Award Agreement • May 29th, 2020 • Legg Mason, Inc. • Investment advice • New York
Legg Mason, Inc. (the “Company”) hereby grants to you (the “Participant”), an award (the “Award”) of deferred cash units (“DCUs”), upon and subject to the restrictions, terms and conditions set forth below. Each DCU will constitute a right to receive, upon and subject to vesting of such DCU, a cash payment as described herein. This document constitutes Participant’s “Award Notification”. By electronically accepting the Award, you are acknowledging your acceptance of the Award subject to the restrictions and upon the terms and conditions set forth in this Agreement The number of DCUs included in the Award shall be as set forth on the third party website pursuant to which this Award Notification is electronically delivered to Participant and in the books and records of the Company, which shall control, absent manifest error, in the event of a discrepancy.
