0001193125-09-121088 Sample Contracts

CAPELLA EDUCATION COMPANY Restricted Stock Unit Agreement (Non-Employee Director)
Restricted Stock Unit Agreement • May 29th, 2009 • Capella Education Co • Services-business services, nec • Minnesota

This is a Restricted Stock Unit Agreement (“Agreement”) between Capella Education Company, a Minnesota corporation (the “Company”), and the recipient identified above (the “Recipient”) effective as of the date of grant specified above. To the extent any capitalized terms used in this Agreement are not defined, they shall have the meaning ascribed to them in the Company’s 2005 Stock Incentive Plan (the “Plan”).

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