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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