To: Date: March 2, 2011 Subject: The Andersons, Inc.Andersons Inc • May 6th, 2011 • Wholesale-farm product raw materials
Company FiledMay 6th, 2011 IndustryYou have been selected to receive a Performance Share Unit (the “PSUs”) grant subject to the terms and conditions of the Long Term Performance Compensation Plan (the “Plan”) and this Letter of Agreement (the “Agreement”). This Agreement will document the key provisions relating to the PSUs granted to you as of March 1, 2011.