COMMERCE ENERGY GROUP, INC. 2006 STOCK INCENTIVE PLAN Performance Unit and Performance Stock Award Agreement Award No. ___Performance Unit and Performance Stock Award Agreement • April 20th, 2006 • Commerce Energy Group Inc • Electric services • Delaware
In consideration of, and as a reward for, your past services rendered to the Company and to provide you with an incentive for on-going superior performance (which has a value exceeding the par value of the Performance Stock awarded pursuant to this Agreement) you are hereby awarded Performance Units and Performance Stock subject to the terms and conditions set forth in this agreement (“Award Agreement” or “Award”), and in the Commerce Energy Group, Inc. 2006 Stock Incentive Plan (the “Plan”), which is attached hereto as Exhibit A. A summary of the Plan appears in its Prospectus, which is attached as Exhibit B. You should carefully review these documents, and consult with your personal financial advisor, in order to fully understand the implications of this Award, including your tax alternatives and their consequences.
