COMMERCIAL VEHICLE GROUP, INC. 2020 EQUITY INCENTIVE PLAN RESTRICTED CASH PERFORMANCE AWARD AGREEMENT BASED ON ROICRestricted Cash Performance Award Agreement • May 2nd, 2023 • Commercial Vehicle Group, Inc. • Motor vehicle parts & accessories • Delaware
[Employee name] (the “Grantee”) is granted, effective as of [Date], a performance award (the “Award”) with a target payout of _____ Performance Shares (the “Target Award”), with potential payouts as set forth below subject to the terms and conditions of this Agreement and the 2020 Equity Incentive Plan (the “Plan”) of Commercial Vehicle Group, Inc. (the “Company”). The Award is subject to the terms and conditions set forth below and in the Plan, which is incorporated by reference in, and made a part of, this Restricted Cash Performance Award Agreement Based on ROIC (this “Agreement”). To the extent that there is a conflict between the terms of the Plan and this Agreement, the terms of the Plan shall govern. Any term not defined herein shall have the meaning assigned to such term in the Plan.
