Fifth Third Bancorp Notice of Grant of Restricted Stock and Award Agreement for Executive Officers
Fifth Third Bancorp grants restricted shares of its stock to an executive officer under the terms of its Incentive Compensation Plan. The shares are subject to restrictions and will vest only if the recipient remains employed by the company or its subsidiaries until the end of the specified restriction period. The award must be accepted within ninety days, and any conflicts between this notice and the Plan will be resolved in favor of the Plan's terms.
Exhibit 10(t)
Notice of Grant of Restricted Stock and Award Agreement
ID: «SSN»
«FIRST_NAME» «MIDDLE_NAME» «LAST_NAME»
«EXTRA_FIELD_1»
It is a pleasure to inform you that you are hereby granted restricted shares of Fifth Third Bancorp stock. These shares of stock are restricted and are subject to the terms and conditions of this Notice and the terms of the Fifth Third Bancorp Incentive Compensation Plan (the “Plan”):
| Date of Restricted Stock Award | __________, ____ | |
| Award Number | ____ | |
| Plan | Incentive Compensation Plan | |
| Restrictions will Lapse | __________, _____ | |
| Total Number of Restricted Shares Granted | ____ | |
| Value at Date of Grant | $____ | |
| Total Value at Date of Grant | $____ |
This restricted stock award will vest and the restrictions will lapse on , (the end of the period of restriction) provided you are an employee of Fifth Third Bancorp or its subsidiaries at that time.
If you accept the terms of this restricted stock award, you will be deemed to have consented to all of the terms and conditions of this restricted stock award and of Fifth Third Bancorp Incentive Compensation Plan. In the event of any conflict between the terms of this Notice and the Plan, the terms of the Plan shall control.
This restricted stock award will expire by its own terms unless accepted within ninety days of the date hereof.
For Fifth Third Bancorp:
| | ||||
| George A. Schaefer, Jr. President & CEO | Date | |||
| Grantee | Date | |||
