Restricted Stock Unit Grant Agreement for Executive Officers (March 2006)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement documents the grant of restricted stock units to certain executive officers in March 2006. The recipients include Joseph W. McGrath, Peter Blackmore, Janet B. Wallace, and Janet B. Haugen. The grants are divided into 25% time-based units and 75% performance-based units. The agreement outlines the number of units each executive receives and the conditions under which they vest, providing incentives tied to continued employment and company performance.

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EX-10.2 3 rsugrant.txt Exhibit 10.2 Restricted Stock Units Granted to Certain Executive Officers In March 2006, restricted stock units were granted to certain executive officers as follows. The grants consist of time-based units (25% of grant) and performance-based units (75% of grant). Total Number of Restricted Stock Name and Title Units Granted - ----------------- -------------------------------- Joseph W. McGrath 200,000 President and Chief Executive Officer Peter Blackmore 80,000 Executive Vice President Janet B. Wallace 15,000 Executive Vice President Janet B. Haugen 60,000 Senior Vice President and Chief Financial Officer