Vishay Intertechnology, Inc. 2023 Long-Term Incentive Plan Performance-Based Restricted Stock Unit Award Agreement
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Summary
Vishay Intertechnology, Inc. grants performance-based restricted stock units (PRSUs) to a participant under its 2023 Long-Term Incentive Plan. The number of shares earned depends on Vishay’s total shareholder return compared to the S&P Midcap 400 Index over a three-year period. The participant must remain employed through the performance period to receive the shares, except in certain change of control situations. Unvested PRSUs are forfeited if employment ends early. Shares are issued after the performance period if vesting conditions are met, and the award is subject to tax and legal compliance requirements.
EX-10.8 7 exhibit10-8.htm EXHIBIT 10.8
Exhibit 10.8
VISHAY INTERTECHNOLOGY, INC. 2023 LONG-TERM INCENTIVE PLAN
NOTICE OF GRANT
(Performance-Based Restricted Stock Units)
Vishay Intertechnology, Inc., a Delaware corporation, pursuant to its 2023 Long-Term Incentive Plan, hereby grants to the individual listed below (the “Participant”) this award of Performance-Based Restricted Stock Units. The Performance-Based Restricted Stock Units described in this Notice of Grant (the “PRSUs”) are subject to the terms and conditions set forth in the Award Agreement attached hereto as Exhibit A (the “Agreement”) and the Plan, each of which is incorporated herein by reference. Unless otherwise defined herein, capitalized terms used in this Notice of Grant (this “Notice”) and the Agreement will have the meanings defined in the Plan.
Participant: | |
Grant Date: | |
Target Number of PRSUs (“Target Units”): |
By signing below, the Participant agrees to be bound by the terms and conditions of the Plan, the Agreement and this Notice. This document may be executed, including by electronic means, in multiple counterparts, each of which will be deemed an original, and all of which together will be deemed a single instrument.
VISHAY INTERTECHNOLOGY, INC.
Sign: _______________________________
Name: ______________________________
Title: _______________________________
Date: _______________________________
PARTICIPANT
Sign: _______________________________
Name: ______________________________
Date: _______________________________
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