Notice of Grant of StockAppreciation Right and Grant Agreement
Exhibit 10(u)
Notice of Grant of Stock Appreciation Right and Grant Agreement
ID: «SSN»
«FIRST_NAME» «MIDDLE_NAME» «LAST_NAME»
«EXTRA_FIELD_1»
It is a pleasure to inform you that you are hereby granted an award of stock appreciation rights (“SARs”) subject to the terms and conditions of this Notice and the terms of the Fifth Third Bancorp Incentive Compensation Plan (the “Plan”):
| SAR Grant Number | _______ | |
| Date of Grant | __________, ____ | |
| Plan | Incentive Compensation Plan | |
| Total Number of SARs Granted | _______ | |
| Grant Date Price Per Share of Stock | $_____ |
These stock appreciation rights will vest and become exercisable as follows:
| Shares | Date | |
This Award will expire on , .
Upon exercise, you will be entitled to a payment in the form of shares of Stock with a fair market value equal to the fair market value of a share of Stock at the date of exercise over the grant date price per share of Stock, multiplied by the number of SARs exercised.
This Award of stock appreciation rights will expire by its own terms unless accepted within sixty days of the date hereof.
For Fifth Third Bancorp:
| | ||||
| George A. Schaefer, Jr. President & CEO | Date | |||
| Participant | Date | |||
