Performance Award Agreement under 2005 Equity Incentive Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement grants an individual a specified number of company shares as a performance award under the company's 2005 Equity Incentive Plan. The recipient must meet certain performance criteria and follow a vesting schedule to receive the shares. By signing, the recipient agrees to the terms of the grant and the overall plan. The agreement outlines the grant date, number of shares, grant price, and other key details.

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EX-10.5 6 c00316exv10w5.htm PERFORMANCE AWARD exv10w5  

Exhibit 10.5
Performance Award
Pursuant to the terms and conditions of the Company’s 2005 Equity Incentive Plan (the “Plan”), you have been granted a Performance Award of ___shares of stock as outlined below:
     
Granted To:
   
 
    
Grant Date:
    
 
    
Granted:
    
 
    
Grant Price:
    
 
    
Vesting Schedule:
    
 
    
Performance Criteria:
    
By my signature below, I hereby acknowledge receipt of this Grant on the date shown above, which has been issued to me under the terms and conditions of the Plan. I further acknowledge receipt of the copy of the Plan and agree to conform to all of the terms and conditions of the Grant and the Plan.
             
Signature:
      Date