Deferral Election Form for Performance-Based Restricted Share Unit Awards ([Grant Year])

Summary

This form allows employees who receive performance-based restricted share unit awards to choose when to receive their shares after they vest. Employees can defer receipt to a specific date, either during employment or after leaving the company due to resignation, disability, or death. The form outlines the time frames for each scenario and notes that most deferral elections are irrevocable. The parties involved are the employee and the company granting the restricted share units.

EX-10.4 5 ex10-4_012805.txt FRM OF DEFL. ELE. REST. SHR. UNITS Exhibit 10.4 FORM OF DEFERRAL ELECTIONS FOR [GRANT YEAR] - ------------------------------------------- PERFORMANCE-BASED RESTRICTED SHARE UNIT AWARD - --------------------------------------------- IN-SERVICE DISTRIBUTION: - ------------------------ I elect to defer receipt of my entire [Grant Year] grant of restricted share units after they vest until _______________________________________, which is a specific date between the first Compensation Committee meeting in January [one year following Grant Year] and ten (10) years after such meeting. I understand that this election may only be modified if, at least twelve (12) months prior to the initial deferral date indicated above, I elect to further defer receipt of my entire grant to a specific date between the first Compensation Committee meeting in January [one year following Grant Year] and ten (10) years after such meeting that is at least five (5) years after my initial deferral date. - --------------------------------- --------------------------------- Signature Date POST-TERMINATION DISTRIBUTION FOR REASONS OTHER THAN DEATH OR DISABILITY: - ------------------------------------------------------------------------- I elect to defer receipt of my entire [Grant Year] grant of restricted share units after they vest until _________________________________ after termination of my employment for reasons other than death or disability, which is a time between six (6) months after my separation from service and three (3) years after my separation from service. I understand that this election is irrevocable. - --------------------------------- --------------------------------- Signature Date POST-TERMINATION DISTRIBUTION DUE TO DISABILITY: - ------------------------------------------------ I elect to defer receipt of my entire [Grant Year] grant of restricted share units after they vest until _________________________________ after termination of my employment due to disability, which is a time between my separation from service and three (3) years after my separation from service. I understand that this election is irrevocable. - --------------------------------- --------------------------------- Signature Date POST-TERMINATION DISTRIBUTION DUE TO DEATH: I elect to defer receipt of my entire [Grant Year] grant of restricted share units after they vest until _________________________________ after termination of my employment due to death, which is a time between my separation from service and three (3) years after my separation from service. I understand that this election is irrevocable. - --------------------------------- --------------------------------- Signature Date