DISCOVERY PERFORMANCE EQUITY PROGRAM CASH-SETTLED STOCK APPRECIATION RIGHT AGREEMENT FOR EMPLOYEESSettled Stock Appreciation Right Agreement for Employees • March 1st, 2011 • Discovery Communications, Inc. • Cable & other pay television services
Discovery Communications, Inc. (the “Company”) has granted you a stock appreciation right (the “SAR”) under the Discovery Communications, Inc. 2005 Incentive Plan (As Amended and Restated) (the “Plan”). The Company’s general program to offer equity and equity-type awards to eligible employees is referred to as the “Performance Equity Program” (or “PEP”). The SAR lets you receive a cash amount equivalent to the appreciation in value, if any, at the time of exercise of a specified number of shares of the Company’s Series A common stock (the “SAR Shares”) over a specified measurement price per share (the “Base Price”).
