SEC Contract Filing

Filing Date: 2018-04-23

Document Content:
<DOCUMENT>
<TYPE>EX-10.12
<SEQUENCE>11
<FILENAME>ex1012-formof2018x2019sbrsu.htm
<DESCRIPTION>EXHIBIT 10.12
<TEXT>
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<div><a name="sA196F863C2D96F802F81E3C980740459"></a></div><div><div style="line-height:120%;text-align:right;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"></font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Exhibit 10.12</font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">[Form of 2018-2019 Stock-Based Restricted Stock Unit Award Agreement]</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">FIRSTENERGY CORP.</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">2015 Incentive Compensation Plan</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">2018-2019 Performance-Adjusted Restricted Stock Unit Award Agreement</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;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:inherit;font-size:12pt;">THIS PERFORMANCE-ADJUSTED RESTRICTED STOCK UNIT AWARD AGREEMENT (the &#8220;Agreement&#8221;), effective as of March 5, 2018 (the &#8220;Grant Date&#8221;), is entered into by and between FirstEnergy Corp., an Ohio corporation, and its successors (the &#8220;Company&#8221;), and </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">[NAME] </font><font style="font-family:inherit;font-size:12pt;">(the &#8220;Grantee&#8221;). </font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:0px;"><font style="text-align:justify;font-family:inherit;font-size:12pt;padding-right:20px;">1.</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Definitions</font><font style="font-family:inherit;font-size:12pt;">. Unless otherwise specified in this Agreement, capitalized terms shall have the meanings attributed to them under the FirstEnergy Corp. 2015 Incentive Compensation Plan, as amended from time to time (the &#8220;Plan&#8221;). For purposes of this Agreement, the following terms shall be defined as follows:</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;Retirement&#8221; shall mean, the Grantee&#8217;s Separation from Service (except due to death) on or after attaining age fifty-five (55) and after providing at least ten (10) years of service to the Company or any Subsidiary or affiliate and any predecessor thereof.</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;Separation from Service&#8221; shall mean, with respect to the Grantee, the &#8220;separation from service&#8221; within the meaning of Code Section 409A, of the Grantee with the Company and any Subsidiaries, for any reason, including without limitation, quit, discharge, leave of absence (including military leave, sick leave, or other bona fide leave of absence such as temporary employment by the government if the period of such leave exceeds the greater of six months, or the period for which the Grantee&#8217;s right to reemployment is provided either by statute or by contract) or permanent decrease in service to a level that is no more than twenty percent (20%) of its prior level. For this purpose, whether a &#8220;Separation from Service&#8221; has occurred is determined based on whether it is reasonably anticipated that no further services will be performed by the Grantee after a certain date or that the level of bona fide services the Grantee will perform after such date (whether as an employee or as an independent contractor) would permanently decrease to no more than twenty percent (20%) of the average level of bona fide services performed (whether as an employee or an independent contractor) over the immediately preceding 36-month period (or the full period of services if the Grantee has been providing services for less than 36 months).</font></div><div style="line-height:120%;text-align:center;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:0px;"><font style="text-align:justify;font-family:inherit;font-size:12pt;padding-right:21px;">2.</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Grant of Restricted Stock Units</font><font style="font-family:inherit;font-size:12pt;">. As of the Grant Date, the Company grants to the Grantee </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">[NUMBER] </font><font style="font-family:inherit;font-size:12pt;">(the &#8220;Target Number&#8221