Exhibit 10.48

 

 

 

 

PERFORMANCE-BASED SHARE UNIT GRANT

 

February 27, 2014

 

Dear:

 

Pursuant to the terms and conditions of the Aqua America Inc. 2009 Omnibus
Equity Compensation Plan, as amended and restated (the “Plan”), you have been
granted performance-based share units as outlined below and in the attached
Performance-Based Share Unit Grant Terms and Conditions.

 

 

 

 

Granted To:

 

Grant Date:

February 27, 2014

Target Award:

__________ shares

Vesting Date:

February 27, 2017

Performance Period:

Period beginning on January 1, 2014 and ending on December 31, 2016

Vesting Schedule and Performance Goals:

The Target Award is subject to vesting based on continued service and
achievement of performance goals, as set forth in the Performance-Based Share
Unit Grant Terms and Conditions, including Schedule A attached thereto.

 

By my signature below, I hereby acknowledge and accept the award of this
Performance-Based Share Unit Grant and the Performance-Based Share Unit Grant
Terms and Conditions attached hereto and incorporated herein, and I agree to be
bound by the terms of the Performance-Based Share Unit Grant, the
Performance-Based Share Unit Grant Terms and Conditions and the Plan. I hereby
agree that all decisions and determinations of the Committee (as defined in the
Plan) with respect to the performance-based share units shall be final and
binding.

Signature: ________________________________________    Date:
__________________________

Note: If there are any discrepancies in the name or address shown above, please
make the appropriate corrections on this form.

 

DB1/ 73876958.2

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