Absolute TSR Modifier Contract Clauses (7)

Absolute TSR Modifier. Notwithstanding anything in this Statement of Management Objectives to the contrary, the number of PRSUs that become Vested pursuant to Section 3 of this Statement of Management Objectives will be reduced by __________ (_____) in the event that the Company's Total Shareholder Return for the Performance Period is negative. 9 EX-10.8 8 sitc-ex108_108.htm EX-10.8 sitc-ex108_108.htm EXHIBIT 10.8 FORM AGREEMENT WITHOUT DEATH/DISABILITY VESTING SITE CENTERS CORP. PERFORMANCE-BASED RESTRICTED SHARE UNI...TS AWARD MEMORANDUM 1. Holder: __________ (the "Holder") 2. Plan: SITE Centers Corp. 2019 Equity and Incentive Compensation Plan (the "Plan") 3. Date of Grant: __________, 20__ (the "Date of Grant") 4. Number of Performance-Based Restricted Share Units: __________ 5. Purchase Price: $_____ 6. Performance Period __________, 20__ through __________, 20__ (the "Performance Period") Additional provisions regarding the earning and payment of the performance-based Restricted Share Units subject hereto (the "PRSUs"), and other terms and conditions of the PRSUs, are specified in the attached Performance-Based Restricted Share Units Terms (the "Agreement"). Capitalized terms not defined in this Performance-Based Restricted Share Units Award Memorandum (the "Award Memorandum") shall have the meaning as defined in the Agreement, or if not defined therein, in the Plan. ACCEPTANCE OF AWARD I accept the PRSUs granted to me on the Date of Grant as specified in this Award Memorandum, and I agree to be bound by the terms and conditions of the Award Memorandum, the Agreement and the Plan. SITE CENTERS CORP., an Ohio corporation HOLDER By: Name: Name: Title: 1 PERFORMANCE-BASED RESTRICTED SHARE UNITS TERMS SITE Centers Corp., an Ohio corporation (the "Company"), has granted to the Holder named in the Award Memorandum the number of PRSUs set forth in the Award Memorandum effective as of Date of Grant specified in the Award Memorandum. Subject to the degree of attainment of the Management Objectives described in Section 3 of these terms and conditions (the "Agreement"), as approved by the Committee and distributed to the Holder (the "Statement of Management Objectives"), the Holder may earn a percentage of the PRSUs as described in the Statement of Management Objectives. Each PRSU shall then represent the right of the Holder to receive one Common Share subject to and upon the terms and conditions of this Agreement. The PRSUs have been granted pursuant to the Plan and are subject to all provisions of the Plan and the Award Memorandum, which are hereby incorporated herein by reference, and to the following provisions of this Agreement (capitalized terms not defined in this Agreement shall have the meaning as defined in the Award Memorandum, or if not defined therein, in the Plan): 1. Payment of PRSUs. The PRSUs will become payable in accordance with the provisions of Section 6 of this Agreement if the Restriction Period lapses and the Holder's right to receive payment for the PRSUs becomes nonforfeitable ("Vest," "Vesting" or "Vested") in accordance with Section 3 and Section 4 of this Agreement. View More