Aqua America Inc. Performance-Based Share Unit Grant Agreement with Nicholas DeBenedictis (2014)
Aqua America Inc. has granted Nicholas DeBenedictis a performance-based share unit award under its 2009 Omnibus Equity Compensation Plan. The grant specifies a target number of shares, with vesting dependent on continued service and meeting certain performance goals between January 1, 2014, and December 31, 2016. The vesting date is June 30, 2015. The agreement requires the recipient to accept the terms and acknowledges that all decisions by the plan's committee are final and binding.
Exhibit 10.51
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: | Nicholas DeBenedictis |
| Grant Date: | February 27, 2014 |
| Target Award: | xxxxxxx shares |
| Vesting Date: | June 30, 2015 |
| 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.
CEO PSU Grant
