SUPERVALU INC. 2012 STOCK PLAN RESTRICTED STOCK AWARD AGREEMENT

Contract Categories: Business Finance - Stock Agreements
EX-10.4 6 d381333dex104.htm SUPERVALU INC. 2012 STOCK PLAN FORM OF RESTRICTED STOCK AWARD AGREEMENT SUPERVALU INC. 2012 Stock Plan Form of Restricted Stock Award Agreement

Exhibit 10.4

SUPERVALU INC.

2012 STOCK PLAN

RESTRICTED STOCK AWARD AGREEMENT

This agreement is made and entered into as of the grant date indicated below (the “Grant Date”), by and between SUPERVALU INC. (the “Company”), and the individual whose name appears below (“Recipient”).

The Company has established the 2012 Stock Plan (the “Plan”), under which key employees of the Company may be granted Awards of Restricted Stock of the Company. Recipient has been selected by the Company to receive an Award of Restricted Stock subject to the provisions of this agreement. Capitalized terms that are used in this agreement, that are not defined, shall have the meanings ascribed to them in the Plan.

In consideration of the foregoing, the Company and Recipient hereby agree as follows:

1. Grant. The Company hereby grants to Recipient, subject to Recipient’s acceptance hereof, an Award of Restricted Stock for the number of Shares indicated below, effective as of the Grant Date.

2. Acceptance of Award of Restricted Stock and Restricted Stock Award Terms and Conditions. The Award of Restricted Stock is subject to and governed by the Restricted Stock Award Terms and Conditions (“Terms and Conditions”) attached hereto, which is incorporated herein and made a part hereof, and the terms and provisions of the Plan. To accept the Award of Restricted Stock, this agreement must be delivered and accepted through an electronic medium in accordance with procedures established by the Company or Recipient must sign and return a copy of this agreement to the Company within sixty (60) days after the Grant Date. By so doing, Recipient acknowledges receipt of the accompanying Terms and Conditions and the Plan, and represents that Recipient has read and understands the same and agrees to be bound by the accompanying Terms and Conditions and the terms and provisions of the Plan. In the event that any provision of this agreement or the accompanying Terms and Conditions is inconsistent with the terms and provisions of the Plan, the terms and provisions of the Plan shall govern. Any question of administration or interpretation arising under this agreement or the accompanying Terms and Conditions shall be determined by the Committee administering the Plan, and such determination shall be final, conclusive and binding upon all parties in interest.

3. Vesting. The Restricted Stock Award shall vest in four (4) equal annual installments of twenty-five percent (25%) on each of the first four anniversaries of the Grant Date.

 

Grant Date   Number of Shares
[                    ]   [                    ]

 

SUPERVALU INC.       RECIPIENT:
By:            
 

[            ]

[Title]

     

[Recipient]

[Address]