SEC Contract Filing

Filing Date: 2018-03-08

Document Content:
<DOCUMENT>
<TYPE>EX-10.21
<SEQUENCE>7
<FILENAME>exhibit102112312017.htm
<DESCRIPTION>EXHIBIT 10.21
<TEXT>
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<div><a name="s93E5D8DB029B8F1612DBFD9B543D2606"></a></div><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT 10.21</font></div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Annex 3 </font></div><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">MANAGEMENT &#8211; [_____]&#160;&#160;&#160;&#160;</font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">VERSO CORPORATION</font></div><div style="line-height:120%;padding-bottom:8px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">PERFORMANCE INCENTIVE PLAN</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">NOTICE OF AMENDMENT OF MANAGEMENT STOCK UNIT AWARD</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">(&#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;text-decoration:underline;">Amendment Notice</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">&#8221;) </font></div><div style="line-height:120%;padding-bottom:24px;text-align:justify;text-indent:36px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">You (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Grantee</font><font style="font-family:inherit;font-size:11pt;">&#8221;) were granted an award of Stock Units (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Award</font><font style="font-family:inherit;font-size:11pt;">&#8221;), on the terms and subject to the conditions of the Plan and an award agreement between you and Verso Corporation (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Corporation</font><font style="font-family:inherit;font-size:11pt;">&#8221;) the Grant Date stated below (&#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Award Agreement</font><font style="font-family:inherit;font-size:11pt;">&#8221;). Exhibit A to the Award Agreement provided that it would be supplemented by an amendment to the Award Agreement. The amendment attached as </font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Exhibit A</font><font style="font-family:inherit;font-size:11pt;">&#32;to this Amendment Notice amends the Award Agreement to set forth the conditions upon which the performance-vesting portion of the Award will vest.</font></div><div style="line-height:120%;padding-bottom:24px;text-align:justify;text-indent:36px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:24px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Name of Grantee:&#160;&#160;&#160;&#160;[__]</font></div><div style="line-height:120%;padding-bottom:24px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Grant Date:&#160;&#160;&#160;&#160;[______, __, 2017]</font></div><div style="line-height:120%;padding-bottom:24px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Amendment Date:&#160;&#160;&#160;&#160;February [____], 2018</font></div><div style="line-height:120%;padding-bottom:24px;text-align:justify;text-indent:36px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">By your signature and the Corporation&#8217;s signature below, you and the Corporation agree that the Amendment attached as </font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Exhibit A</font><font style="font-family:inherit;font-size:11pt;">&#32;(the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Amendment</font><font style="font-family:inherit;font-size:11pt;">&#8221;) amends Exhibit A to your Award Agreement. Except as specifically stated in the Amendment, it does not amend or modify any provisions of the Award Agreement, all of which otherwise remain in full force and effect without modification. The Amendment is governed by the terms and conditions of the Award Agreement and the Corporation&#8217;s Performance Incentive Plan, as the same may be amended, modified or supplemented from time to time (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Plan</font><font style="font-family:inherit;font-size:11pt;">&#8221;), which are incorporated herein by this reference. Capitalized terms used in the Amendment are used as defined in the Award Agreement if not defined in the Amendment, or as defined in the Plan if not defined in the Award Agreement or the Amendment. You acknowledge receipt of a copy of this Amendment Notice, the Amendment, the Plan and the Prospectus for the Plan.</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">VERSO CORPORATION&#160;