Exhibit 10.8
MAGELLAN HEALTH SERVICES, INC.
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2003 MANAGEMENT INCENTIVE PLAN
NOTICE OF RESTRICTED STOCK AWARD
REFERENCE No. 20__-___-_ (___________)
As of _______, 20__
THIS AWARD IS GRANTED PURSUANT TO A RESTRICTED STOCK AWARD AGREEMENT
BETWEEN THE COMPANY AND THE GRANTEE DATED AS OF JANUARY 5, 2004, DESIGNATED NO.
2004-___
NAME OF GRANTEE:
TOTAL NUMBER OF SHARES
SUBJECT TO AWARD: _____ shares of Ordinary Common Stock of
Magellan Health Services, Inc. ("Shares")
TYPE OF BENEFIT: Restricted Stock Award, zero purchase price, no
Right of Repurchase
PURCHASE PRICE PER SHARE: $ 0
DATE OF GRANT: January 5, 2004
VESTING: All the Shares shall vest in full on the
earlier of January 5, 2005 or the earlier
termination of Grantee's employment by the
Company.
RIGHT OF REPURCHASE: None.
RESTRICTIONS ON TRANSFER: None of the Shares granted herein may be
Transferred until vested except as otherwise
permitted by the Award Agreement.
By signing your name below, you accept this award and acknowledge and agree that
this award is granted under and governed by the terms and conditions of Magellan
Health Services, Inc. 2003 Management Incentive Plan and the related Restricted
Stock Award Agreement, reference number 2004-___, both of which are hereby made
a part of this document.
GRANTEE: MAGELLAN HEALTH SERVICES, INC.
By:
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Name:
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Title:
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