Exhibit 10.5

[FORM OF ELECTION FORM
FOR RESTRICTED STOCK UNITS]
 
 

 
Print Name: 
 
Address:
 
Telephone Number:                                       
                         Email:

You are eligible to defer the distribution of your Restricted Stock Units that
may be granted to you in 20___ under the Loews Corporation 2016 Incentive
Compensation Plan (the “Plan”).  Capitalized terms not defined herein will have
the meanings ascribed to such terms in the Plan.

You must complete this form on or before December 31, 20___.  Your election to
defer will be effective as of January 1, 20___.  Please note that your election
to defer is irrevocable.
 

 
 

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1.
Election to Defer Restricted Stock Units:

 
□
I elect to defer ____% of my Restricted Stock Units granted to me in 20___
(including any dividend equivalent rights) that would otherwise be payable in
the future to the extent earned.

 

2.
Time of Distribution:

The portion of your Restricted Stock Units that you elect to defer, to the
extent earned (including any dividend equivalent rights), will be distributed to
you on the earlier of (i) the fixed date selected by you below, (ii) your
termination of employment or service (but only if such termination constitutes a
Separation from Service (as defined in Code Section 409A)), and (iii) a Change
in Control (but only if such Change in Control constitutes a Change in Ownership
or Effective Control of the Company or a Change in the Ownership of a
Substantial Portion of the Assets of the Company (as defined in Code Section
409A)).
 

 
 
(a)
I elect the following date to receive my distributions (unless previously
settled or forfeited):

 
r
_________ __, ____

 

3.            Form of Payment:
 
The form in which payment will be made will be a single lump sum distribution of
shares of Stock or in the Company's discretion, of cash.
 
Notwithstanding the deferral hereunder, the Restricted Stock Unit (including any
dividend equivalent rights) shall continue to be governed by and subject to the
terms of the Plan and shall also be subject to the rules analogous to those set
forth in Section 16 of the Loews Corporation Executive Deferred Compensation
Plan (the “EDCP”), which section is hereby incorporated by reference.

The election made herein is subject to the provisions of the Plan, the
Time-Vesting Restricted Stock Unit Award Notice, including without limitation,
provisions relating to the forfeiture of benefits in the event of my termination
of employment or service, and Section 16 of the EDCP.  This election is
irrevocable.
 
 

Date:  
       
Signature
               
Name

 
 
 
 

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