Relative Performance | Dividends Equivalents Earned | |
---|---|---|
At or above the 75th percentile | 100% of Dividends Paid | |
Between the 50th and 75th percentiles | Sliding scale between 50% and 100% of Dividends Paid | |
Below the 50th percentile | 0% of Dividends Paid |
Award Summary:
Name: [Name of Director] SSN: [Social Security Number] | |
Original Grant Date: 2nd day of February 2004 |
Stock Option Grant:
Total Shares under Option Grant: 6,000 | |
Option Price per Section A(2): $30.91 per share | |
Fully vested upon grant |
Dividend Equivalent (DERs) Grant:
Total Dividend Equivalents granted: 6,000 | |
Stock Price at the beginning of the Performance Period $30.45 (January 1, 2004) | |
DER Performance Period (5-years): January 1, 2004 - December 31, 2008 |
IN WITNESS WHEREOF, the Company has caused this Amended and Restated Award Agreement to be duly executed by its officer thereunto duly authorized, and Director has executed this Agreement, each on the dates set forth below, this Agreement to be effective on the latter of the two dates.
Plum Creek Timber Company, Inc. | |
By:__________________________________ | |
Barbara L. Crowe Vice President, Human Resources | |
Date:_________________________________ | |
Director Signature _______________________ | |
[Name of Director] |