Exhibit 10.14
ALLISON TRANSMISSION HOLDINGS, INC.
2015 EQUITY INCENTIVE AWARD PLAN
PERFORMANCE STOCK UNIT GRANT NOTICE
Allison Transmission Holdings, Inc., a Delaware corporation (the “Company”), pursuant to its 2015 Equity Incentive Award Plan, as amended from time to time (the “Plan”), hereby grants to the holder listed below (“Participant”) the number of performance stock units (the “PSUs”) set forth below. The PSUs are subject to the terms and conditions set forth in this Performance Stock Unit Grant Notice (the “Grant Notice”) and the Performance Stock Unit Agreement attached hereto as Exhibit A (the “Agreement”) and the Plan, which are incorporated herein by reference. Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in the Grant Notice and the Agreement.
Participant: |
|
Grant Date: |
|
Target Number of PSUs (the “Target PSUs”): |
|
Type of Shares Issuable: | Common Stock of Allison Transmission Holdings, Inc. |
Vesting Schedule: | The award will vest in accordance with the vesting schedule set forth in Exhibit A. |
By his or her signature, and the Company’s signature below, Participant agrees to be bound by the terms and conditions of the Plan, the Agreement and the Grant Notice. Participant has reviewed the Agreement, the Plan and the Grant Notice in their entirety, has had an opportunity to obtain the advice of counsel prior to executing the Grant Notice and fully understands all provisions of the Grant Notice, the Agreement and the Plan. Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions arising under the Plan, the Grant Notice or the Agreement.
ALLISON TRANSMISSION HOLDINGS, INC. | PARTICIPANT | |||
By: |
|
|
By: |
|
Print Name: |
|
| Print Name: |
|
Title: |
|
|
|
|
|
|
| Address: |
|
EXHIBIT A
TO PERFORMANCE STOCK UNIT GRANT NOTICE PERFORMANCE STOCK UNIT AGREEMENT
Pursuant to the Grant Notice to which this Agreement is attached, the Company has granted to Participant the Target PSUs set forth in the Grant Notice.
ARTICLE I.
GENERAL
ARTICLE II.
AWARD OF PERFORMANCE STOCK UNITS AND DIVIDEND EQUIVALENTS
2
|US-DOCS\138634373.2||
3
|US-DOCS\138634373.2||
apply:
4
|US-DOCS\138634373.2||
5
|US-DOCS\138634373.2||
Participant;
6
|US-DOCS\138634373.2||
7
|US-DOCS\138634373.2||
ARTICLE III.
OTHER PROVISIONS
8
|US-DOCS\138634373.2||
9
|US-DOCS\138634373.2||
* * *
10
|US-DOCS\138634373.2||
SCHEDULE A
TO PERFORMANCE STOCK UNIT AGREEMENT PEER GROUP
Altra Industrial Motion Corporation
BorgWarner Inc.
Crane Co.
Cummins Inc.
Curtiss-Wright Corporation
Donaldson Company, Inc.
Eaton Corporation plc
Flowserve Corporation
Gates Industrial Corporation plc Gentex Corporation
Graco Inc.
HEICO Corporation
IDEX Corporation
ITT Inc.
Lincoln Electric Holdings, Inc.
Middleby Corporation
Nordson Corporation
Parker-Hannifin Corporation
Roper Technologies, Inc.
Sensata Technologies Holding N.V. TransDigm Group Incorporated
Woodward, Inc.
Zurn Elkay Water Solutions Corporation
11
|US-DOCS\138634373.2||