Under Armour, Inc. Non-Employee Director Restricted Stock Grant Award Agreement
Under Armour, Inc. grants restricted shares of its Class A Common Stock to a non-employee director under the 2005 Omnibus Long-Term Incentive Plan. The shares fully vest on the date of the company's annual stockholder meeting, or earlier if the director dies, becomes disabled, or if there is a change in control. If the director leaves the board before vesting, the shares are forfeited. By accepting the grant, the director agrees to the terms of the Incentive Plan and this agreement.
Exhibit 10.4
GRANT AWARD AGREEMENT AND NOTICE
NON-EMPLOYEE DIRECTOR
RESTRICTED STOCK GRANT
, 200
Under Armour, Inc. (the “Company”) has granted to you, the Grantee identified below, as a Non-Employee Director of the Company, restricted shares of the Company’s Class A Common Stock. This restricted stock grant has been made pursuant to the terms of the Under Armour, Inc. 2005 Omnibus Long-Term Incentive Plan (the “Incentive Plan”). The Incentive Plan along with this Notice set forth the terms and conditions of this grant. The Incentive Plan is incorporated herein by reference. Acceptance of this grant by you constitutes your acknowledgment that you have received and read a copy of the Incentive Plan, and your acceptance of all terms and conditions of such plan. Capitalized terms used in this Notice shall have the respective meanings given to such terms in the Incentive Plan, unless otherwise defined in this Notice.
| Grantee Name: | ________________________________________________________ | |
| Grant Date: | , 200 | |
| Number of Restricted Shares Granted: | _____________ | |
| Vesting: | 100% on the date of the Company’s 200_ annual stockholder meeting, or earlier upon your death or Disability or upon a Change in Control. If you cease to be a director of the Company prior to vesting of the restricted shares, the restricted shares shall be forfeited on the date you cease to be a director. | |
| Under Armour, Inc. | ||
| By: |
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| Title: |
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