SEC Contract Filing

Filing Date: 2017-08-08

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>exhibit102formofperforma.htm
<DESCRIPTION>EXHIBIT 10.2
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<DIV><FONT size="1" style="font-size:1pt;color:white">Exhibit 10.2 &#13;&#10;MANNATECH, INCORPORATED &#13;&#10;2017 STOCK INCENTIVE PLAN &#13;&#10;PERFORMANCE STOCK UNIT AWARD CERTIFICATE &#13;&#10;THIS IS TO CERTIFY that Mannatech, Incorporated, a Texas corporation (the &#13;&#10;&#8220;Company&#8221;), has granted you (the &#8220;Participant&#8221;) hypothetical units of Common Stock &#13;&#10;(&#8220;Performance Stock Units&#8221;) under the Company&#8217;s 2017 Stock Incentive Plan (the &#8220;Plan&#8221;), as &#13;&#10;follows: &#13;&#10;Name of Participant: _____________________________________ &#13;&#10;Address of Participant: _____________________________________ &#13;&#10;_____________________________________ &#13;&#10;Number of Performance Stock Units: _____________________________________ &#13;&#10;Date of Grant: _____________________________________ &#13;&#10;Performance Period: &#13;&#10;Vesting Schedule: &#13;&#10;Performance Goals1 Performance Units Vested &#13;&#10; &#13;&#10; &#13;&#10;By your signature and the signature of the Company&#8217;s representative below, you and the &#13;&#10;Company agree to be bound by all of the terms and conditions of the attached Performance Stock &#13;&#10;Unit Award Agreement and the Plan (both incorporated herein by this reference as if set forth in &#13;&#10;full in this document). By executing this Certificate, you hereby irrevocably elect to accept the &#13;&#10;Performance Stock Unit rights granted under this Certificate and the related Performance Stock &#13;&#10;Unit Award Agreement and to receive the Performance Stock Units designated above subject to &#13;&#10;the terms of the Plan, this Certificate and the Award Agreement. &#13;&#10;Participant: &#13;&#10; &#13;&#10; &#13;&#10; &#13;&#10;Name: , an individual &#13;&#10; &#13;&#10; &#13;&#10;Dated: _______________________________ &#13;&#10;Mannatech, Incorporated &#13;&#10; &#13;&#10; &#13;&#10;By: &#13;&#10;Title: &#13;&#10; &#13;&#10; &#13;&#10;Dated: _______________________________ &#13;&#10; &#13;&#10; &#13;&#10;1 Subject to certification of achievement by the Administrator. &#13;&#10;&#13;&#10;</FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white"> &#13;&#10; &#13;&#10;MANNATECH, INCORPORATED &#13;&#10;2017 STOCK INCENTIVE PLAN &#13;&#10;PERFORMANCE STOCK UNIT AWARD AGREEMENT &#13;&#10;This Performance Stock Unit Award Agreement (the &#8220;Agreement&#8221;), is entered into on the &#13;&#10;Date of Grant, subject to the Participant&#8217;s acceptance of the terms of the Agreement evidenced &#13;&#10;by the Participant&#8217;s signature on the Performance Stock Unit Award Certificate to which the &#13;&#10;Agreement is attached (the &#8220;Certificate&#8221;), by and between Mannatech, Incorporated, a Texas &#13;&#10;corporation (the &#8220;Company&#8221;), and the Participant named in the Certificate. &#13;&#10;Under the Mannatech, Incorporated 2017 Stock Incentive Plan (the &#8220;Plan&#8221;), the &#13;&#10;Administrator has authorized the grant to the Participant of the number of Performance Stock &#13;&#10;Units set forth in the Certificate (the &#8220;Award&#8221;), under the terms and subject to the conditions set &#13;&#10;forth in this Agreement, the Certificate and the Plan. Capitalized terms not otherwise defined &#13;&#10;herein have the meanings ascribed to them in the Plan. &#13;&#10;NOW, THEREFORE, in consideration of the premises and the benefits to be derived &#13;&#10;from the mutual observance of the covenants and promises contained in this Agreement and &#13;&#10;other good and valuable consideration, the sufficiency of which is hereby acknowledged, the &#13;&#10;parties hereto agree as follows: &#13;&#10;1. Basis for Award. This Award is granted under the Plan for valid consideration provided &#13;&#10;to the Company by the Participant. By the Participant&#8217;s execution of the Certificate, the &#13;&#10;Participant agrees to accept the Award rights granted under the Certificate and this Agreement &#13;&#10;and to receive the Performance Stock Units designated in the Certificate subject to the terms of &#13;&#10;the Plan, the Certificate and this Agreement. &#13;&#10;2. Performance Stock Units Awarded. The Company hereby awards and grants to the &#13;&#10;Participant the number of Performance Stock Units set forth in the Certificate. Each Performance &#13;&#10;Stock Unit represents a right to receive one Share (or the cash equivalent) from the Company &#13;&#10;upon vesting of the Performance Stock Unit as provided in Section 3 below. Vested Performance &#13;&#10;Stock Units will be settled as provided in Section 4 below. The Company will, in accordance &#13;&#10;with the Plan, establish and maintain an account (the &#8220;Performance Stock Unit Account&#8221;) for &#13;&#10;the Participant and will credit that account for the number of Performance Stock Units granted to &#13;&#10;the Participant. The value of each Performance Stock Unit on any given date will equal the Fair &#13;&#10;Market Value of one Share on that date. &#13;&#10;3. Vesting. Subject to the Administrator&#8217;s written certification pursuant to Section 8(d) of &#13;&#10;the Plan, the Performance Stock Units will vest pursuant to the Vesting Schedule set forth in the &#13;&#10;Certificate, on condition that the Participant is still in