Time Warner Inc. Notice of Grant of Restricted Stock Units to Non-Employee Director

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

Time Warner Inc. grants restricted stock units (RSUs) to a non-employee director under its 2010 Stock Incentive Plan. The RSUs represent the right to receive company shares, subject to the terms of the plan and agreement. All RSUs vest on the first day of the month in the year following the grant date, unless the director's service ends earlier, in which case the RSUs may vest or be forfeited as specified in the agreement and plan.

Read More Arrow
EX-10.9 9 g24883exv10w9.htm EX-10.9 exv10w9
Exhibit 10.9
Time Warner Inc.
Notice of Grant of Restricted Stock Units to Non-Employee Director
                      TIME WARNER INC. (the “Company”), pursuant to the Company’s 2010 Stock Incentive Plan (the “Plan”), hereby grants (the “Award”) to the undersigned Participant the following restricted stock units (the “RSUs”), subject to the terms and conditions of this Notice, the Restricted Stock Units Agreement, Directors Version 1 (10RUDIR), and the Plan. Each RSU represents the unfunded, unsecured right of the Participant to receive a Share on the date(s) specified herein. The Plan and the Restricted Stock Units Agreement, both of which are incorporated into and made a part of this Notice, can be accessed and printed through Fidelity’s Netbenefits.com website (Plan Information & Documents).
  1.   Name:                                                                               ID:
 
  2.   Grant Information for this Award:
Restricted Stock Unit Grant Number:
Date of Grant:
Total Number of Restricted Stock Units Granted:
 
  3.   The vesting date shall be:
 
      The Vesting Date shall be in the first year following the Date of Grant on the first day of the month in which the Date of Grant occurred. 100% of the number of the Total Number of Restricted Stock Units Granted will vest on the Vesting Date.
 
      The Restricted Stock Units will vest earlier than the Vesting Date in connection with certain terminations of service as a director of the Company, as provided in the Restricted Stock Units Agreement and Plan; and the Restricted Stock Units will be canceled and forfeited upon certain terminations of service as a director of the Company, as provided in the Restricted Stock Units Agreement and Plan.