10/2/2023 0 Comments Trex stock dividendIn addition, this Agreement shall be deemed to amend any outstanding Restricted Stock Agreement between you and the Company to add the preceding sentence to such Agreement. Notwithstanding the foregoing or any other provision herein to the contrary, shares of Restricted Stock shall vest according to the terms and conditions, if so provided, in any separate agreement between you and the Company, including but not limited to any Employment Agreement, Severance Agreement or Change in Control Severance Agreement. No additional shares of Restricted Stock will vest after you have ceased to provide Services for any reason. The resulting aggregate number of vested shares of Stock will be rounded to the nearest whole number, and you may not vest in more than the number of shares covered by this grant. Your right to the Stock under this Restricted Stock grant will vest as to thirty three and one-third percent (33 1/3%) of the total number of shares covered by this grant, on each anniversary of the grant, as shown on the cover sheet provided that you continue to provide services to the Company or a Subsidiary as an employee or a Service Provider (Services) on each such vesting date. ![]() The Company will issue your Restricted Stock in your name as of the Grant Date. To the extent not yet vested, your Restricted Stock may not be transferred, assigned, pledged or hypothecated, whether by operation of law or otherwise, nor may the Restricted Stock be made subject to execution, attachment or similar process. This grant is an award of Stock in the number of shares set forth on the cover sheet, at the purchase price set forth on the cover sheet, and subject to the vesting conditions described below (the Restricted Stock). This is not a stock certificate or a negotiable instrument. Please sign, return one copy of this Agreement to Corporate Human Resources, and retain the second copy for your records. You acknowledge that you have carefully reviewed the Plan, and agree that the Plan will control in the event any provision of this Agreement should appear to be inconsistent. ![]() Number of Shares of Stock Covered by Grant:īy signing this cover sheet, you agree to all of the terms and conditions described in the attached Agreement and in the Plan. Additional terms and conditions of the grant are set forth in this cover sheet, in the attachment and in the Companys 2005 Stock Incentive Plan (the Plan). Trex Company, Inc., a Delaware corporation (the ∼ompany), hereby grants shares of its common stock, $.01 par value (the Stock), to the Grantee named below, subject to the vesting conditions set forth in the attachment.
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