Fifth Third Bancorp Notice of Grant of Restricted Stock and Award Agreement for Directors
Fifth Third Bancorp is granting restricted shares of its stock to a director under the terms of its Incentive Compensation Plan. The shares are subject to restrictions and will only vest if the recipient remains a director through December 31. The recipient must accept the award within sixty days, and by accepting, agrees to all terms in this notice and the Incentive Compensation Plan. If there is any conflict between this notice and the plan, the plan's terms will prevail.
Exhibit 10(v)
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 | __________, ____ | |
| Plan | Incentive Compensation Plan | |
| Total Number of Restricted Shares Granted | ____ |
This restricted stock award will vest and the restrictions will lapse on December 31, provided you are a Director of Fifth Third Bancorp or Fifth Third Bank 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 sixty days of the date hereof.
For Fifth Third Bancorp:
| | ||||
| George A. Schaefer, Jr. President & CEO | Date | |||
| Grantee | Date | |||
