SEC Contract Filing

Filing Date: 2020-09-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.N
<SEQUENCE>2
<FILENAME>exhibit10n6-30x2020.htm
<DESCRIPTION>EXHIBIT 10.N
<TEXT>
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 <title>Exhibit</title>
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<div><a name="sf8864dcb97e04a41bb2417cff9f338a8"></a></div><div><div style="line-height:120%;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10(N)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">CARPENTER TECHNOLOGY CORPORATION</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">STOCK-BASED 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;">FOR OFFICERS AND KEY EMPLOYEES</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">THREE-YEAR PERFORMANCE STOCK UNIT</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">AWARD AGREEMENT</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">AGREEMENT, effective as of </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">[DATE] </font><font style="font-family:inherit;font-size:12pt;">(the &#8220;Award Date&#8221;), by and between CARPENTER TECHNOLOGY CORPORATION (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;">&#32;(the &#8220;Participant&#8221;). Capitalized terms that are not defined in this Agreement have the same meaning as defined in the CARPENTER TECHNOLOGY CORPORATION STOCK-BASED INCENTIVE COMPENSATION PLAN FOR OFFICERS AND KEY EMPLOYEES (the &#8220;Plan&#8221;), a copy of which is attached. The terms, conditions and provisions of the Plan are applicable to this Award Agreement and are incorporated by reference.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">1. </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Grant of Award</font><font style="font-family:inherit;font-size:12pt;">. Participant has been granted an Award of &#8220;Performance Stock Units&#8221; under the Plan comprised of an aggregate of the number of Performance Stock Units set forth below (collectively, the &#8220;Units&#8221;).</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2. </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Performance Goal</font><font style="font-family:inherit;font-size:12pt;">. Performance Stock Units awarded hereunder shall become &#8220;Earned Units&#8221; based on the attainment of the Performance Goals during the Performance Period, both as set forth on Schedule A, provided that the Participant remains continuously employed by the Company or a Subsidiary throughout the Performance Period, except as otherwise provided in Section 4 hereof. Any Performance Stock Units which do not become Earned Units shall be forfeited.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">3. </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Conditions of Forfeiture</font><font style="font-family:inherit;font-size:12pt;">. Subject to the provisions of Section 4 hereof, the Units are subject to forfeiture by Participant at any time during the Performance Period immediately upon termination of Participant&#8217;s employment with the Company or a Subsidiary. Upon any such forfeiture, all rights of Participant with respect to the forfeited Units shall terminate and Participant shall have no further interest of any kind therein.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">4. </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Lapse of Restrictions on Death, Disability or Retirement</font><font style="font-family:inherit;font-size:12pt;">. No