EX-10.2 Wright Express Corporation Amended and Restated Long Term Incentive Program
EX-10.2 3 b75212weexv10w2.htm EX-10.2 WRIGHT EXPRESS CORPORATION AMENDED AND RESTATED LONG TERM INCENTIVE PROGRAM. exv10w2 Exhibit 10.2
2009 Long Term Incentive Program
Award Date:
March 5, 2009
Unit Allocation Ratio:
| • | | 50% of total individual grant is granted as Restricted Stock Units |
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| • | | 50% of total individual grant is granted as Non-Qualified Stock Options using strike price as of March 5, 2009 |
Vesting Schedule:
The award vests at a rate of one third each year over 3 years.
Example:
Grant Received:
| | • | | Award Value: $30,000 |
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| | • | | Ratio of RSUs/Options in Award: 50/50 |
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| | • | | Award Date: March 5, 2009 |
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| | • | | WEX Stock Price on March 5, 2009: $13.60 |
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| | • | | Total RSUs in award: 1000 (50% of total grant based on WEX stock price of $13.60) |
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| | • | | Total Options in award: 1000 (50% of total grant based on WEX stock price of $13.60) |
Vesting Schedule:
| | • | | First vesting event: March 5, 2010 |
| | o | | RSUs vesting: 333 (one third of total RSUs granted) |
| |
| | o | | Options vesting: 333 (one third of total Options granted) |
| | • | | Second vesting event: March 5, 2011 |
| | o | | RSUs vesting: 333 (one third of total RSUs granted) |
| |
| | o | | Options vesting: 333 (one third of total Options granted) |
| | • | | Third vesting event: March 5, 2012 |
| | o | | RSUs vesting: 334 (one third of total RSUs granted)
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| | o | | Options vesting: 334 (one third of total Options granted) |
