Aqua America Inc. Performance-Based Share Unit Grant Agreement (2014)
Aqua America Inc. grants performance-based share units to an employee under its 2009 Omnibus Equity Compensation Plan. The award is subject to the employee's continued service and achievement of specific performance goals during the period from January 1, 2014, to December 31, 2016. Shares will vest on February 27, 2017, if the conditions are met. The agreement requires the recipient to accept the terms and acknowledges that all decisions by the plan's Committee are final and binding.
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
