FORM OF FREESTANDING STOCK APPRECIATION RIGHT AGREEMENTFreestanding Stock Appreciation Right Agreement • March 1st, 2019 • Ormat Technologies, Inc. • Electric services
We are pleased to inform you that, as a director of Ormat Technologies, Inc. (herein called the “Company”) or one of its subsidiaries, you have been granted a stock appreciation right (herein called a “right”) under the Company’s 2018 Incentive Compensation Plan and the Freestanding Stock Appreciation Right Terms and Conditions (herein called the “Plan” and the “Terms and Conditions”).
