Kirby CorporationIncentive and Retention Award Agreement • February 26th, 2021 • Kirby Corp • Water transportation
We consider your continued service and dedication to Kirby Corporation (the “Company”) essential to the success of our business. It is in the best interests of the Company and its stockholders to assure that the Company will have your continued dedication for the successful operation of the Company’s businesses. To incentivize you as a key leader to remain with and committed to the success of the Company, we are pleased to offer you a retention award pursuant to this letter agreement (this “Agreement”). Your retention award is comprised of a cash retention bonus (the “Cash Retention Bonus”) and an award of restricted stock units (the “Retention RSU Award”) under our 2005 Stock and Incentive Plan (the “Plan”). The terms and conditions of your Cash Retention Bonus and your Retention RSU Award are specified below.
