LEGG MASON, INC. PERFORMANCE SHARES GRANT AGREEMENT Grant SummaryPerformance Shares Grant Agreement • February 1st, 2008 • Legg Mason Inc • Investment advice • Maryland
This Award is subject in all respects to the applicable provisions of the Plan. Such provisions are incorporated herein by reference and made a part hereof. Capitalized terms not defined herein that are defined in the Plan shall have the meanings specified in the Plan.
Legg Mason, Inc. Letterhead] February 1, 2008 Mark Fetting c/o Legg Mason, Inc. 100 Light Street Baltimore, MD 21202 Dear Mark:Legg Mason Inc • February 1st, 2008 • Investment advice
On behalf of the Legg Mason, Inc. Board of Directors and Compensation Committee, I am delighted to confirm our agreement as to your compensation for serving as President and Chief Executive Officer of Legg Mason, Inc. ("Legg Mason").
