SEC Contract Filing

Filing Date: 2020-01-30

Document Content:
<DOCUMENT>
<TYPE>EX-10.D
<SEQUENCE>7
<FILENAME>mtor-12312019xex10xd.htm
<DESCRIPTION>FORM OF RESTRICTED SHARE UNIT AGREEMENT FOR EMPLOYEES
<TEXT>
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<div><a name="s267B03E2ED3508AE66E8F20987917CA6"></a></div><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">Exhibit 10-d</font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">Participant Name</font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">Grant Date: Grant Date</font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">Grant ID: Grant ID</font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">Units Granted: Shares Granted</font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">Vesting: 100% after 3 Years</font></div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Employee</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">MERITOR, INC.</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">2020 LONG-TERM INCENTIVE PLAN</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">RESTRICTED SHARE UNIT AGREEMENT</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">In accordance with Section 11 of the 2020 Long-Term Incentive Plan (the &#8220;Plan&#8221;) of Meritor, Inc. (the &#8220;Company&#8221;), the number of restricted share units specified above have been granted to you as of the date listed above (&#8220;Grant Date&#8221;) as restricted share units (&#8220;Restricted Share Units&#8221;). By accepting such award (this &#8220;Award&#8221;), you agree to the terms and conditions of this restricted share unit agreement (this &#8220;Agreement&#8221;). Each Restricted Share Unit represents a right to receive one share of common stock, par value $1.00 per share, of the Company (the &#8220;Common Stock&#8221;) or its cash equivalent in the future. All capitalized terms used herein and not otherwise defined will have the meanings set forth in the Plan.</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;text-decoration:underline;">Vesting of Restricted Share Units</font></div></td></tr></table><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:48px;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(a)&#160;&#160;&#160;&#160;Except as otherwise provided in this Agreement, the Restricted Share Units will vest on the third anniversary of the Grant Date provided that you continue to serve as an employee of the Company for the period from the Grant Date through the third anniversary of the Grant Date (the &#8220;Vesting Period&#8221;).</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;padding-left:48px;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(b)&#160;&#160;&#160;&#160;If you incur a Separation from Service due to your Disability or death (other than pursuant to a Qualifying Termination within the two (2) year period immediately following a Change of Control) prior to the last day of the Vesting Period, then a prorated portion of the Restricted Share Units, based upon the ratio of the number of full months of the Vesting Period that have elapsed as of the end of the month in which your Separation from Service due to Disability or death occurs over the total number of months in such period, will vest for Plan purposes effective as of the end of the Vesting Period and will be payable at the time and in the form specified in Section 2.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;padding-left:48px;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(c)&#160;&#160;&#160;&#160;If you incur a Separation from Service due to Retirement (other than pursuant to a Qualifying Termination within the two (2) year period immediately following a Change of Control) at least one (1) year after the Grant Date and prior to the last day of the Vesting Period, then this Award will remain outstanding for the remainder of the Vesting Period and will continue to vest for Plan purposes in accordance with the terms of this Agreement as though you were still employed and will be payable at