Haverty Furniture Companies, Inc. Restricted Stock Unit Award Notice under 2014 Long-Term Incentive Plan

Contract Categories: Human Resources › Compensation Agreements
Summary

Haverty Furniture Companies, Inc. has granted a restricted stock unit (RSU) award to an employee under its 2014 Long-Term Incentive Plan. The award consists of a specified number of RSUs, each representing one share of common stock, which vest over four years in 25% increments each May. Vesting requires continued employment, but all units vest immediately upon a change in control, death, or permanent disability. Unvested units are forfeited at retirement. The RSUs do not provide voting rights or dividends until vested.

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EX-10.1 2 hvtex101.htm FORM OF RESTRICTED STOCK UNITS AWARD NOTICE
Exhibit 10.1
 
RESTRICED STOCK UNIT AWARD NOTICE

NAME
ADDRESS
ADDRESS

Pursuant to the terms and conditions of the Haverty Furniture Companies, Inc. 2014 Long-Term Incentive Plan (the "Plan"), on January 30, 2018, you were granted a restricted stock unit award ("RSU") in the amount of <number awarded> units.  Each RSU is equivalent to one share of common stock upon vesting.

Subject to your continued employment with the Company, your award will vest over four years in accordance with the following schedule:

25% vest on May 8, 2019
25% vest on May 8, 2020
25% vest on May 8, 2021
25% vest on May 8, 2022

Until vested, the units represented by this award are not entitled to receive cash dividends and do not have the right to vote. This award will vest immediately upon a change in control, death or permanent and total disability as defined in Section 2 of the Plan.  Awards not vested at retirement will be forfeited. Please consult the 2014 Long-Term Incentive Plan Prospectus for a complete understanding of Havertys' equity award program.

This is a summary of the award.  The grant agreement and Plan Prospectus are the authoritative source for all questions on awards made under the Plan.