Performance Stock Unit Award Agreement Sample Contracts

DARDEN RESTAURANTS, INC.
Performance Stock Unit Award Agreement • July 23rd, 2021 • Darden Restaurants Inc • Retail-eating places • Florida

This Performance Stock Unit Award Agreement (the “Agreement”) is between Darden Restaurants, Inc., a Florida corporation (the “Company”), and you (Eugene I. Lee, Jr.), a person notified by the Company, and identified in the Company’s records, as the recipient of an Award of performance-based Restricted Stock Units (“Performance Stock Units”) during the Company’s fiscal year 20__. This Agreement is effective as of the Grant Date communicated to you and set forth in the Company’s records.

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PERFORMANCE STOCK UNIT AWARD AGREEMENT
Performance Stock Unit Award Agreement • March 20th, 2020 • Infuzed Brands Inc. • Beverages • British Columbia

INFUZED BRANDS INC., a British Columbia corporation having a registered address at Suite 1000 - 409 Granville Street, Vancouver BC V6C 1T2

PERFORMANCE STOCK UNIT AWARD AGREEMENT UNDER THE AMENDED AND RESTATED ENSTAR GROUP LIMITED 2016 EQUITY INCENTIVE PLAN
Performance Stock Unit Award Agreement • May 7th, 2021 • Enstar Group LTD • Fire, marine & casualty insurance

This Performance Stock Unit Award Agreement (this “Agreement”) is entered into as of the Grant Date (as defined below), by and between the Grantee (as defined below) and Enstar Group Limited (the “Company”). Except as otherwise defined herein, capitalized terms used in this Agreement have the respective meanings set forth in the Plan (as defined below).

PERFORMANCE STOCK UNIT AWARD AGREEMENT
Performance Stock Unit Award Agreement • May 4th, 2023 • Motorola Solutions, Inc. • Radio & tv broadcasting & communications equipment • Illinois

WHEREAS, Grantee is receiving the Award of Performance Stock Units (as a type of Restricted Stock Unit) under Section 8 of the Motorola Solutions Amended and Restated Omnibus Incentive Plan of 2015, as may be amended (the “Omnibus Plan”); and

Performance STOCK UNIT AWARD AGREEMENT
Performance Stock Unit Award Agreement • July 30th, 2020 • Myers Industries Inc • Plastics products, nec • Ohio
VITAMIN SHOPPE, INC. PERFORMANCE STOCK UNIT AWARD AGREEMENT pursuant to the VITAMIN SHOPPE 2018 LONG-TERM INCENTIVE PLAN
Performance Stock Unit Award Agreement • August 8th, 2018 • Vitamin Shoppe, Inc. • Retail-food stores • Delaware

THIS AWARD AGREEMENT (this “Agreement”), dated as of the Grant Date specified above, is entered into by and between Vitamin Shoppe, Inc., a company organized in the State of Delaware (the “Company”), and the Participant specified above, pursuant to the Vitamin Shoppe 2018 Long-Term Incentive Plan, as in effect and as amended from time to time (the “Plan”); and

MSC.SOFTWARE CORPORATION PERFORMANCE STOCK UNIT AWARD AGREEMENT
Performance Stock Unit Award Agreement • December 6th, 2006 • MSC Software Corp • Services-prepackaged software • California

THIS PERFORMANCE STOCK UNIT AWARD AGREEMENT (this “Award Agreement”) by and between MSC.SOFTWARE CORPORATION, a Delaware corporation (the “Corporation”), and [ ] (the “Grantee”) evidences the performance stock unit award (the “Award”) granted by the Corporation to the Grantee as to the number of stock units first set forth below.

PERFORMANCE STOCK UNIT AWARD AGREEMENT
Performance Stock Unit Award Agreement • February 27th, 2024 • Ocwen Financial Corp • Mortgage bankers & loan correspondents

THIS PERFORMANCE STOCK UNIT AWARD AGREEMENT (this “Agreement”) is made as of [grant date] (the “Award Date”) between Ocwen Financial Corporation, a Florida corporation (the “Corporation”), and [name], an employee of the Corporation or of a Subsidiary (the “Participant”).

CHENIERE ENERGY, INC. PERFORMANCE STOCK UNIT AWARD AGREEMENT
Performance Stock Unit Award Agreement • February 24th, 2017 • Cheniere Energy Inc • Natural gas distribution • Delaware
AUTOMATIC DATA PROCESSING, INC. 2018 OMNIBUS AWARD PLAN PERFORMANCE STOCK UNIT AWARD AGREEMENT
Performance Stock Unit Award Agreement • February 1st, 2024 • Automatic Data Processing Inc • Services-computer processing & data preparation • Delaware

AUTOMATIC DATA PROCESSING, INC. (the “Company”), pursuant to the 2018 Omnibus Award Plan, as amended from time to time (the “Plan”), hereby irrevocably grants you (the “Participant”), on [DATE] (the “Grant Date”), a Performance Stock Unit Award (the “Award”) of forfeitable performance stock units of the Company (“PSUs”), each PSU representing the right to receive one share of the Company’s common stock, par value $0.10 per share (“Common Stock”), subject to (1) the restrictions, terms and conditions herein and (2) any additional terms and conditions applicable to the Participant, as set forth in the appendices attached hereto (the “Appendices”).

PERFORMANCE STOCK UNIT AWARD AGREEMENT
Performance Stock Unit Award Agreement • May 4th, 2023 • Motorola Solutions, Inc. • Radio & tv broadcasting & communications equipment • Illinois

This Performance Stock Unit Award (“Award”) is awarded on «Grant_date» (“Date of Grant”), by Motorola Solutions, Inc. (the “Company” or “Motorola Solutions”) to Gregory Q. Brown (“Grantee”).

FORM OF PERFORMANCE STOCK UNIT AWARD AGREEMENT PURSUANT TO THE GENERAL DYNAMICS CORPORATION AMENDED AND RESTATED 2012 EQUITY COMPENSATION PLAN
Performance Stock Unit Award Agreement • April 26th, 2023 • General Dynamics Corp • Ship & boat building & repairing • Virginia

This Performance Stock Unit Award Agreement (the "Agreement") is entered into as of [DATE], (the "Grant Date"), by and between General Dynamics Corporation (the "Company") and [NAME] (the "Grantee").

REDWOOD TRUST, INC. [FORM OF] PERFORMANCE STOCK UNIT AWARD AGREEMENT
Performance Stock Unit Award Agreement • December 15th, 2023 • Redwood Trust Inc • Real estate investment trusts

PERFORMANCE STOCK UNIT AWARD AGREEMENT dated as of [insert date] (the “Award Agreement”), by and between Redwood Trust, Inc., a Maryland corporation (the “Company”), and [First Name] [Last Name], an Employee, Consultant or non-employee Director of the Company (the “Participant”). References to the Company herein shall include the subsidiaries and Affiliates (as defined in Exhibit B).

CHENIERE ENERGY, INC. 2020 INCENTIVE PLAN PERFORMANCE STOCK UNIT AWARD AGREEMENT
Performance Stock Unit Award Agreement • February 22nd, 2024 • Cheniere Energy, Inc. • Natural gas distribution • Texas
ALASKA AIR GROUP, INC. 2016 PERFORMANCE INCENTIVE PLAN PERFORMANCE STOCK UNIT AWARD AGREEMENT
Performance Stock Unit Award Agreement • February 11th, 2022 • Alaska Air Group, Inc. • Air transportation, scheduled • Delaware

THIS PERFORMANCE STOCK UNIT AWARD AGREEMENT (this “Agreement”) dated [AWARD DATE] by and between ALASKA AIR GROUP, INC., a Delaware corporation (the “Corporation”), and [PARTICIPANT NAME] (the “Participant”) evidences the award of stock units (the “Award”) granted by the Corporation to the Participant as to the number of stock units (the “Stock Units”) first set forth below.

EVOLENT HEALTH, INC.
Performance Stock Unit Award Agreement • May 4th, 2023 • Evolent Health, Inc. • Services-management services • Delaware

This Performance Stock Unit Award Agreement, as amended and restated effective April 3, 2023 (this “Award Agreement”) sets forth the terms and conditions of an award for a target number of ______ (such number, the “Target Number”) performance stock units (this “Award”) (each such performance stock unit, a “PSU”) that are granted to you under the Evolent Health, Inc. 2015 Omnibus Incentive Compensation Plan (the “Plan”). This Award constitutes an unfunded and unsecured promise of the Company to deliver (or to cause to be delivered ) to you, subject to the terms of this Award Agreement, one share of the Company’s Class A Common Stock, $0.01 par value (each, a “Share”), or cash equal to the Fair Market Value of one Share, for each PSU ultimately earned by you, as set forth in this Award Agreement.

PERFORMANCE STOCK UNIT AWARD AGREEMENT DOW INC. 2019 STOCK INCENTIVE PLAN
Performance Stock Unit Award Agreement • January 30th, 2024 • Dow Chemical Co /De/ • Plastic materials, synth resins & nonvulcan elastomers • Delaware

The individual (the “Grantee”) named in the accompanying communication for [YEAR] grants has been granted performance stock units with respect to a specified number of shares of Dow Inc. common stock, par value $0.01 per share (the “Shares”), as set forth in the Notice (the “Units” or this “Award”). As used herein, “Notice” means, collectively, (i) the Compensation Statement provided to the Grantee by the Company annually via Workday and (ii) the documents provided as part of grant acceptance. The target number of Units subject to the Award (the “Target Units”), and the vesting schedule applicable to the Target Units, are set forth in the Notice. The Compensation Statement and the documents provided as part of grant acceptance shall together constitute the Notice. However, the actual number of Units earned pursuant to the Award will be determined based on the achievement of specified performance goal(s) (the “Performance Goals”) during a specified performance period (the “Performance P

NVENT ELECTRIC PLC PERFORMANCE STOCK UNIT AWARD AGREEMENT
Performance Stock Unit Award Agreement • February 28th, 2023 • nVent Electric PLC • Special industry machinery (no metalworking machinery) • Minnesota

Pursuant to the notice of grant (the “Grant Notice”) and this Performance Stock Unit Award Agreement, including any country-specific terms in the applicable addendum hereto (the “Addendum”) (together, this “Award Agreement”), nVent Electric plc (the “Company”) has granted to you Performance Stock Units (“PSUs”) with respect to the number of ordinary shares of the Company (“Shares”) specified in the Grant Notice. Capitalized terms not defined in this Award Agreement but defined in the nVent Electric plc 2018 Omnibus Incentive Plan, as may be amended or restated from time to time (the “Plan”) shall have the same definitions as in the Plan. Unless you decline this Award Agreement within 90 days, you agree to be bound by all of the provisions contained in this Award Agreement and the Plan.

CHENIERE ENERGY, INC. PERFORMANCE STOCK UNIT AWARD AGREEMENT (UK)
Performance Stock Unit Award Agreement • May 4th, 2017 • Cheniere Energy Inc • Natural gas distribution • Delaware
PERFORMANCE STOCK UNIT AWARD AGREEMENT
Performance Stock Unit Award Agreement • May 4th, 2023 • Motorola Solutions, Inc. • Radio & tv broadcasting & communications equipment • Illinois

WHEREAS, Grantee is receiving the Award (as a type of Restricted Stock Unit) under Section 8 of the Motorola Solutions Amended and Restated Omnibus Incentive Plan of 2015, as may be amended (the “Omnibus Plan”); and

FORM OF] PERFORMANCE STOCK UNIT AWARD AGREEMENT
Performance Stock Unit Award Agreement • December 11th, 2012 • Redwood Trust Inc • Real estate investment trusts • Maryland

PERFORMANCE STOCK UNIT AWARD AGREEMENT dated as of the __ day of ________ 20__ (the “Award Agreement”), by and between Redwood Trust, Inc., a Maryland corporation (the “Company”), and______________, an employee of the Company (the “Participant”).

Performance STOCK UNIT AWARD AGREEMENT
Performance Stock Unit Award Agreement • May 4th, 2023 • Myers Industries Inc • Plastics products, nec • Ohio
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Allegion plc Incentive Stock Plan of 2013 Global Performance Stock Unit Award Agreement For the 20XX – 20XX Performance Period Dated as of [Grant Date] ("Grant Date")
Performance Stock Unit Award Agreement • February 15th, 2022 • Allegion PLC • Services-detective, guard & armored car services • Delaware

Allegion plc (the “Company”) hereby grants to [insert name] (“Participant”) a performance stock unit award (the “PSUs”) pursuant to and subject to the terms and conditions set forth in the Company’s Incentive Stock Plan of 2013 (the “Plan”), including the terms and conditions for Performance-Based Awards as set forth in Section 8(b) of the Plan (provided that any references in the Plan to Section 162(m) of the Code shall not apply to the PSUs), and the terms and conditions set forth in this Global Performance Stock Unit Award Agreement, including Appendices A and B (the Global Performance Stock Unit Award Agreement, Appendix A, and Appendix B are referred to, collectively, as the “Award Agreement”). Unless otherwise defined herein, the terms defined in the Plan shall have the same meanings in this Award Agreement.

PERFORMANCE STOCK UNIT AWARD AGREEMENT PURSUANT TO CONDUENT INCORPORATED PERFORMANCE INCENTIVE PLAN
Performance Stock Unit Award Agreement • February 28th, 2019 • CONDUENT Inc • Services-business services, nec • New York

AGREEMENT, by Conduent Incorporated, a New York corporation (the “Company”), dated as of the date that appears in the award summary that provides the number of Performance Stock Units and vesting provisions of the award (the “Award Summary”), in favor of the individual whose name appears on the Award Summary (the “Employee”), who is an employee of the Company, one of the Company’s subsidiaries or one of its affiliates (the Company, or such subsidiary or affiliate, the “Employer”).

PERFORMANCE STOCK UNIT AWARD AGREEMENT DASEKE, INC. 2017 OMNIBUS INCENTIVE PLAN
Performance Stock Unit Award Agreement • February 23rd, 2022 • Daseke, Inc. • Transportation services • Delaware

This PERFORMANCE STOCK UNIT AWARD AGREEMENT (this “Agreement”), is made as of [ ], between Daseke, Inc. (the “Company”) and [ ] (the “Participant”), and is made pursuant to the terms of the Company’s 2017 Omnibus Incentive Plan, as amended and restated (the “Plan”). Capitalized terms used herein but not defined shall have the meanings set forth in the Plan. For the purposes of this Agreement, the “Grant Date” shall be [ ].

Contract
Performance Stock Unit Award Agreement • August 2nd, 2022 • Lci Industries • Motor vehicle parts & accessories • Indiana

Name of Participant: [[FIRSTNAME]] [[LASTNAME]] Target Number of Performance Stock Units: [[SHARESGRANTED]] Grant Date: [[GRANTDATE]] Measurement Period: January 1, 2022 – December 31, 2024 Scheduled Vesting Date: The number of Units determined in accordance with Annex A to have been achieved as of the end of the Measurement Period will vest* on March 1, 2025, subject to earlier vesting or termination as provided in the attached Terms and Conditions Performance Goals: See Annex A * Except as set forth in this Agreement, assuming that your Service has been continuous from the Grant Date to the vesting date.

PERFORMANCE STOCK UNIT AWARD AGREEMENT PURSUANT TO THE AES CORPORATION 2003 LONG TERM COMPENSATION PLAN
Performance Stock Unit Award Agreement • February 26th, 2024 • Aes Corp • Cogeneration services & small power producers

The AES Corporation, a Delaware corporation (the “Company”), grants to the Employee named below, pursuant to The AES Corporation 2003 Long Term Compensation Plan, as amended (the “Plan”), and this Performance Stock Unit Award Agreement (this “Agreement”), this Award of Performance Stock Units (“PSUs”) upon the terms and conditions set forth herein. Capitalized terms not otherwise defined herein will each have the meaning assigned to them in the Plan.

ECOVYST INC. Performance Stock Unit Award Agreement
Performance Stock Unit Award Agreement • March 1st, 2022 • Ecovyst Inc. • Chemicals & allied products • Delaware

This Performance Stock Unit Award Agreement (this “Agreement”) is made by and between Ecovyst Inc., a Delaware corporation (the “Company”), and [●] (the “Participant”), effective as of [●] (the “Date of Grant”).

CDK GLOBAL, INC. 2014 OMNIBUS AWARD PLAN FORM OF PERFORMANCE STOCK UNIT AWARD AGREEMENT
Performance Stock Unit Award Agreement • February 3rd, 2016 • CDK Global, Inc. • Services-business services, nec • Delaware

CDK GLOBAL, INC. (the “Company”), pursuant to the 2014 Omnibus Award Plan (the “Plan”), hereby irrevocably grants you (“Participant”), on XXXX XX, 20XX (the “Grant Date”), a Performance Stock Unit Award (the “Award”) of forfeitable performance stock units of the Company (“PSUs”), each PSU representing the right to receive one share of the Company’s common stock, par value $0.01 per share (“Common Stock”), subject to the restrictions, terms and conditions herein.

STERICYCLE, INC. Performance Stock Unit Award Agreement
Performance Stock Unit Award Agreement • April 27th, 2023 • Stericycle Inc • Hazardous waste management • Delaware

Stericycle, Inc. (the “Company”), pursuant to its 2021 Long-Term Incentive Plan (the “Plan”), hereby grants an award of Performance Stock Units to you, the Participant named below. The terms and conditions of this Award are set forth in this Performance Stock Unit Award Agreement (the “Agreement”), consisting of this cover page, the Terms and Conditions on the following pages and the attached Exhibit A, and in the Plan document, a copy of which has been provided to you. Any capitalized term that is used but not defined in this Agreement shall have the meaning assigned to it in the Plan as it currently exists or as it is amended in the future.

PERFORMANCE STOCK UNIT AWARD AGREEMENT MATADOR RESOURCES COMPANY
Performance Stock Unit Award Agreement • May 1st, 2020 • Matador Resources Co • Crude petroleum & natural gas
3-Year Performance Period)
Performance Stock Unit Award Agreement • February 28th, 2024 • Leggett & Platt Inc • Household furniture

Congratulations! On _________, 2024, Leggett & Platt, Incorporated (the “Company”) granted you a Performance Stock Unit Award (the “Award”) under the Company’s Flexible Stock Plan (the “Plan”). The Award is granted subject to the enclosed Terms and Conditions – 2024-2026 Performance Stock Unit Award (the “Terms and Conditions”).

PERFORMANCE STOCK UNIT AWARD AGREEMENT GRANTED UNDER THE LOCKHEED MARTIN CORPORATION THE 2020 – 2022 PERFORMANCE PERIOD THIS DOCUMENT CONSTITUTES PART OF A PROSPECTUS COVERING SECURITIES THAT HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933
Performance Stock Unit Award Agreement • April 22nd, 2020 • Lockheed Martin Corp • Guided missiles & space vehicles & parts

This Award Agreement applies to the Performance Stock Unit (“PSUs”) Award granted by Lockheed Martin Corporation to you as of the Award Date (defined above) under the Lockheed Martin Corporation 2011 Incentive Performance Award Plan, as amended and restated (“Plan”). The term “Target Award” as used in this Award Agreement refers only to the Target Award awarded to you under this Award Agreement and the term “Award” refers only to PSUs set forth in this Award Agreement. References to the “Corporation” include Lockheed Martin Corporation and its Subsidiaries.

SHUTTERSTOCK, INC. AMENDED AND RESTATED 2012 OMNIBUS EQUITY INCENTIVE PLAN PERFORMANCE STOCK UNIT AWARD AGREEMENT
Performance Stock Unit Award Agreement • February 13th, 2020 • Shutterstock, Inc. • Services-computer processing & data preparation • New York

Unless otherwise defined herein, the capitalized terms used in this Performance Stock Unit Award Agreement (the “Award Agreement”) shall have the meanings ascribed to them in the Shutterstock, Inc. Amended and Restated 2012 Omnibus Equity Incentive Plan (the “Plan”).

PERFORMANCE STOCK UNIT AWARD AGREEMENT
Performance Stock Unit Award Agreement • May 22nd, 2013 • Wellcare Health Plans, Inc. • Hospital & medical service plans • Delaware

Pursuant to a Performance Stock Unit Award Notice and Agreement (the “Award Notice”), WellCare Health Plans, Inc., a Delaware corporation (the “Company”), has granted to Participant named in the Award Notice the number of Restricted Stock Units, the vesting of which is conditioned upon the achievement of one or more performance goals (the “PSUs”), set forth in the Award Notice, subject to the terms and conditions of the Award Notice and this Performance Stock Unit Award Agreement (the “Award Agreement” and together with the Award Notice, the “Award Documentation”).

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