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«Full_Name»
«Address_1»
«Address_2»
«CityState»
Dear «First_Name»,
Pursuant to the terms and conditions of the company’s AVX Corporation 2014 Restricted Stock Unit Plan, you have been granted a Restricted Stock Unit/Stock Settled for «RSU» units of stock and a Performance Stock Unit/Stock Settled for «RSU» units of stock as outlined below.
Granted To:«Full_Name»
Grant Type:Restricted Stock Unit/Stock Settled
Grant Date:April 29, 2016
Granted:«RSU»
Vesting Schedule:33+% per year for 3 years
«RSU_Vestin_1» on 04/29/2017
«RSU_Vesting_23» on 04/29/2018
«RSU_Vesting_23» on 04/29/2019
Grant Type:Performance Stock Unit/Stock Settled
Grant Date:April 29, 2016
Original Target Granted:«RSU»
Potential Payout Range:0% to 100%
Potential Attained Shares:0 to «RSU»
Vesting Schedule:100% after one year
Maximum vest - «PSU_Vesting» on 04/29/2017