PERFORMANCE-BASED SHARE UNIT GRANT
Exhibit 10.48
PERFORMANCE-BASED SHARE UNIT GRANT
February 27, 2014
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: | February 27, 2014 |
| Target Award: | __________ shares |
| Vesting Date: | February 27, 2017 |
| Performance Period: | Period beginning on January 1, 2014 and ending on December 31, 2016 |
| 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: __________________________
Note: If there are any discrepancies in the name or address shown above, please make the appropriate corrections on this form.
DB1/ 73876958.2
