S T O C K A P P R E C I A T I O N R I G H T S A G R E E M E N T Non- transferable G R A N T T O _____________________________ (“Grantee”) by Journal Communications, Inc. (the “Company”) of Stock Appreciation Rights with respect to shares of its Class...Journal Communications Inc • February 20th, 2007 • Newspapers: publishing or publishing & printing
Company FiledFebruary 20th, 2007 Industrypursuant to and subject to the provisions of the Journal Communications, Inc. 2003 Equity Incentive Plan, as amended (the “Plan”), and to the terms and conditions set forth on the following page (the “Terms and Conditions”). Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Plan.
S T O C K A P P R E C I A T I O N R I G H T S A G R E E M E N T Non- transferable G R A N T T O _____________________________ (“Grantee”) by Journal Communications, Inc. (the “Company”) of Stock Appreciation Rights with respect toJournal Communications Inc • February 20th, 2007 • Newspapers: publishing or publishing & printing
Company FiledFebruary 20th, 2007 Industryshares of its Class B Common Stock, $0.01 par value (the “SARs”), having an escalating base value per share (the “Base Value”). The beginning Base Value shall be $_____ per share, and the Base Value shall increase by 6% per year for each year that the SARs remain outstanding, starting on the first anniversary of the Grant Date.