Form of Restricted Stock Grant for Directors

EX-10.1 2 ex10_1.htm EXHIBIT 10.1 FORM OF RESTRICTED STOCK GRANT ex10_1.htm


Exhibit 10.1

PICO HOLDINGS, INC.

2005 Long-Term Incentive Plan
Grant of Restricted Stock Awards



Grantee:___________________
 
Date:__________________


Pursuant to Section 8 of the PICO Holdings, Inc. 2005 Long-Term Incentive Plan, (the “LTIP”), the Compensation Committee and the Board of Directors have granted you, as part of your Director’s compensation, the following Restricted Stock Award:

Number of Restricted Stock Awards in Grant:
__________________
 
Date of Grant:
__________________
 
Vesting Schedule:
__________________
 

This award is subject entirely to the terms and provisions of the 2005 Long-Term Incentive Plan.

 
__________________________________
James F. Mosier
General Counsel and Secretary
PICO Holdings, Inc.