Aqua America Inc. Performance-Based Share Unit Grant Agreement
This agreement is between Aqua America Inc. and an employee, granting performance-based share units under the company's 2009 Omnibus Equity Compensation Plan. The number of shares awarded depends on the employee's continued service and achievement of specific performance goals during a set period. The agreement outlines the vesting schedule, performance period, and conditions for earning the shares. The employee must accept the terms and acknowledges that the company's committee has final authority over all decisions related to the award.
Exhibit 10.9.1
PERFORMANCE-BASED SHARE UNIT GRANT
Date:_________
Dear ____:
Pursuant to the terms and conditions of the Aqua America Inc. 2009 Omnibus Equity Compensation Plan, as amended and restated (the “Plan”), you have been granted performance-based share units as outlined below and in the attached Performance-Based Share Unit Grant Terms and Conditions.
Granted To: __________
Grant Date:__________
Target Award: __________ shares
Vesting Date: _________
Performance Period: Period beginning on _______ and ending on _______
Vesting Schedule and
Performance Goals: The Target Award is subject to vesting based on continued service and achievement of performance goals, as set forth in the Performance-Based Share Unit Grant Terms and Conditions, including Schedule A attached thereto.
By my signature below, I hereby acknowledge and accept the award of this Performance-Based Share Unit Grant and the Performance-Based Share Unit Grant Terms and Conditions attached hereto and incorporated herein, and I agree to be bound by the terms of the Performance-Based Share Unit Grant, the Performance-Based Share Unit Grant Terms and Conditions and the Plan. I hereby agree that all decisions and determinations of the Committee (as defined in the Plan) with respect to the performance-based share units shall be final and binding.
Signature: ________________________________________ Date: __________________________
