ContractMaster Performance Unit Award Agreement Terms And • May 5th, 2020 • North Carolina
Exhibit 10.4 MASTER PERFORMANCE UNIT AWARD AGREEMENT TERMS AND CONDITIONS This Master Performance Unit Award Agreement (this “Master Agreement” or “Agreement”) is entered into between you (the “Participant” named below) and Cree, Inc., a corporation formed under the laws of the State of North Carolina (the “Company”). This Agreement states the terms and conditions that govern any performance units (“Performance Units”) that the Company may from time to time grant you giving you the right to receive shares (“Shares”) of the common stock of the Company (“Common Stock”), cash or a combination of both. Grants of Performance Units will be made under the Company’s 2013 Long-Term Incentive Compensation Plan (the “Plan”). The performance period, the performance criteria and the portion, if any, of the award to be settled in Shares of Common Stock applicable to each award of Performance Units will be stated in a Notice of Grant issued by the Company, which is incorporated in this Agreement by r
