SEC Contract Filing

Filing Date: 2019-05-09

Document Content:
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<TYPE>EX-10.3
<SEQUENCE>3
<FILENAME>duk-20190331x10qxexx103.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
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<div><a name="sF52D8F6326E954CA06E307DF84622380"></a></div><div></div><div><br></div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">Exhibit 10.3 </font></div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;text-decoration:underline;">RESTRICTED STOCK UNIT AWARD AGREEMENT</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"></font><font style="font-family:Arial;font-size:12pt;font-weight:bold;">Duke Energy Corporation</font><font style="font-family:Arial;font-size:12pt;">&#32;(the "Corporation") grants to the individual named below ("Grantee"), in accordance with the terms of the Duke Energy Corporation 2015 Long-Term Incentive Plan, as it may be amended from time to time (the "Plan") and this </font><font style="font-family:Arial;font-size:12pt;font-weight:bold;">Restricted Stock Unit Award Agreement</font><font style="font-family:Arial;font-size:12pt;">&#32;(the "Agreement"), the following number of Restricted Stock Units (the "Award"), on the Date of Grant set forth below:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">Name of Grantee:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;________________________________</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">Number of Restricted Stock Units: &#160;&#160;&#160;&#160;________________________________</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">Date of Grant:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;________________________________</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:288px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:Arial;font-size:12pt;">Vesting Dates:</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">________________________________</font></div></td></tr></table><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"></font><font style="font-family:Arial;font-size:12pt;font-style:italic;font-weight:bold;">Section 1.</font><font style="font-family:Arial;font-size:12pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:12pt;font-style:italic;text-decoration:underline;">Nature of Restricted Stock Units</font><font style="font-family:Arial;font-size:12pt;">.&#160;&#160; Each Restricted Stock Unit, upon becoming vested, represents a right to receive payment in the form of one (1) share of Common Stock (a "Share"). Restricted Stock Units are used solely as units of measurement and are not Shares, and Grantee is not, and has no rights as, a shareholder of the Corporation by virtue of this Award.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"></font><font style="font-family:Arial;font-size:12pt;font-style:italic;font-weight:bold;">Section 2.</font><font style="font-family:Arial;font-size:12pt;font-style:italic;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:12pt;font-style:italic;text-decoration:underline;">Vesting of Restricted Stock Units</font><font style="font-family:Arial;font-size:12pt;">.&#160;&#160;Subject to Section 3 and 6 below, the Restricted Stock Units shall vest as follows:</font></div><div style="line-height:138%;padding-left:0px;text-align:justify;text-indent:48px;"><font style="text-align:justify;font-family:Arial;font-size:12pt;padding-right:48px;">(a)</font><font style="font-family:Arial;font-size:12pt;">The Restricted Stock Units shall vest in equal installments on each vesting date set forth above (each a "Vesting Date") (subject to rounding conventions adopted by the Corporation from time to time; provided that in no event will the total Shares issued exceed the total units granted under the Award), provided that Grantee shall have remained in the continuous employ of the Corporation or a Subsidiary through the applicable Vesting Date. </font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size: