HILLENBRAND, INC. STOCK INCENTIVE PLAN PERFORMANCE BASED UNIT AWARD AGREEMENT Relative Total Shareholder ReturnPerformance Based Unit Award Agreement • February 11th, 2021 • Hillenbrand, Inc. • Miscellaneous manufacturing industries
This Performance Based Unit Award Agreement (this “Agreement”) is effective as of the ___ day of December, 20__, between Hillenbrand, Inc. (the “Company”) and _________________ (the “Employee”). The Award evidences the grant by the Company of Restricted Stock Units subject to the attainment of certain performance measures as described herein (hereinafter, “Performance Based Units,” “Units” or “Award”), all in accordance with the provisions of the Hillenbrand, Inc. Amended and Restated Stock Incentive Plan, as amended from time-to-time (the “Plan”). The number of Units that will ultimately be earned under this Agreement, as well as the number of shares of Common Stock that will be distributed in settling those earned Units, which will not be determined until the end of the Measurement Period, will depend on the Company’s Total Shareholder Return (as defined below) relative to that of the current members of the S&P MidCap 400 Industrials Index (the “Index”).
PERFORMANCE-BASED UNIT AWARD AGREEMENTPerformance-Based Unit Award Agreement • May 2nd, 2017 • ITC Holdings Corp. • Electric services • Michigan
THIS AGREEMENT (the “Agreement”) is made effective as of March 8, 2017 (the “Grant Date”) between ITC Holdings Corp., a Michigan corporation (the “Company”), and the individual whose name is set forth on the signature page hereof (the “Participant”). Capitalized terms used but not otherwise defined herein shall have the same meanings as in the 2017 Omnibus Plan, as may be amended from time to time (the “Plan”).
PERFORMANCE-BASED UNIT AWARD AGREEMENTPerformance-Based Unit Award Agreement • February 13th, 2020 • ITC Holdings Corp. • Electric services • Michigan
THIS AGREEMENT (the “Agreement”) is made effective as of January 1, 2020 (the “Grant Date”) between ITC Holdings Corp., a Michigan corporation (the “Company”), and the individual whose name is set forth on the signature page hereof (the “Participant”). Capitalized terms used but not otherwise defined herein shall have the same meanings as in the Executive Omnibus Plan, as may be amended from time to time (the “Plan”).
HILLENBRAND, INC. STOCK INCENTIVE PLAN PERFORMANCE BASED UNIT AWARD AGREEMENTPerformance Based Unit Award Agreement • February 4th, 2013 • Hillenbrand, Inc. • Miscellaneous manufacturing industries
This Performance Based Unit Award Agreement (this “Agreement”) is effective as of the day of , 20 , between Hillenbrand, Inc. (the “Company”) and (the “Employee”). The Award of Performance Based Units made herein is a performance based award of restricted stock units. The number of Units that will ultimately be earned under this Agreement, as well as the number of shares of Common Stock that will be distributed in settling those earned Units, which will not be determined until the end of the Measurement Period, will depend on the calculated shareholder value of [the Company and/or its applicable operating platform] (for purposes of calculating Shareholder Value Delivered, the “Applicable Platform”) at the end of the Measurement Period, as compared to the expected amount of shareholder value at the end of the Measurement Period.
