AVX Corporation Notice of Grant of Restricted and Performance Stock Units (April 29, 2016)
AVX Corporation has granted the recipient a specified number of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) under its 2014 Restricted Stock Unit Plan. The RSUs vest in three annual installments over three years, while the PSUs vest in full after one year, subject to performance criteria. The agreement outlines the grant date, vesting schedule, and potential payout range. This notice serves to inform the recipient of the terms and conditions of their equity awards.
April 29, 2016
«Full_Name»
«Address_1»
«Address_2»
«CityState»
Dear «First_Name»,
Pursuant to the terms and conditions of the company’s AVX Corporation 2014 Restricted Stock Unit Plan, you have been granted a Restricted Stock Unit/Stock Settled for «RSU» units of stock and a Performance Stock Unit/Stock Settled for «RSU» units of stock as outlined below.
Granted To:«Full_Name»
Grant Type:Restricted Stock Unit/Stock Settled
Grant Date:April 29, 2016
Granted:«RSU»
Vesting Schedule:33+% per year for 3 years
«RSU_Vestin_1» on 04/29/2017
«RSU_Vesting_23» on 04/29/2018
«RSU_Vesting_23» on 04/29/2019
Grant Type:Performance Stock Unit/Stock Settled
Grant Date:April 29, 2016
Original Target Granted:«RSU»
Potential Payout Range:0% to 100%
Potential Attained Shares:0 to «RSU»
Vesting Schedule:100% after one year
Maximum vest - «PSU_Vesting» on 04/29/2017
