Leadership Succession Award Agreement between Citizens Financial Group, Inc. and Executive

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

Citizens Financial Group, Inc. is granting an executive a Leadership Succession Award, which includes restricted stock units, performance stock units, and restricted cash. In return, the executive agrees to increase their required stock ownership from three to six times their base salary, as per the company's stock ownership guidelines. The agreement is formalized by signatures from both the executive and the company's Chief Human Resources Officer.

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EX-10.2 3 exhibit102-executiveletter.htm EX-10.2 Document
EXHIBIT 10.2
                    


[Date]
[Name]
[Address]
Dear [Name],
The Compensation and Human Resources Committee of the Board of Directors of Citizens Financial Group, Inc. (the “Company”) has approved a Leadership Succession Award (the “LSA”) to you, consisting of restricted stock units (“RSUs”), performance stock units (“PSUs”), and restricted cash.
In consideration for receiving the LSA, you hereby agree that your required level of stock ownership under the Company’s stock ownership guidelines has been increased from three times your base salary to six times your base salary.

[signature page follows]


Citizens Financials Group, Inc.

______________________________
By: Susan LaMonica
Title: Chief Human Resources Officer
Agreed to and accepted

Signature: _______________________________    

Print Name: _______________________________

Date:      _______________________________