The form of Deferred Stock Unit Award Agreement (the “Agreement”), filed as Exhibit 10.6 to the Registrant's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2008, contains blanks where the executive's name, target number of shares, grant date, vesting date, performance period, shortened performance period start date, and months in term provided under the Agreement vary for each executive.
On January 20, 2015, performance share awards were granted providing certain executives the opportunity to earn common stock, the number of which is determined pursuant to, and subject to the attainment of, performance goals. The performance share awards were granted with a term of 36 months and vest on January 20, 2018. The performance period start date was January 1, 2015 thereby making the performance period January 1, 2015 through December 31, 2017. The target number of shares for each executive awarded performance shares on January 20, 2015 is listed below.
Target number of shares
Edward O. Handy, III
James M. Hagerty
Debra A. Gormley