Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - HAVERTY FURNITURE COMPANIES INC | hvt8k12710.htm |
EXHIBIT 10.1
EQUITY
AWARD NOTICE
Pursuant
to the terms and conditions of the Haverty Furniture Companies, Inc. 2004
Long-Term Incentive Plan (the “Plan”), on January 25, 2010, you were granted a
restricted stock unit award (“RSU”) in the amount of XXX
units. Each RSU is equivalent to one share of common stock upon
vesting.
Subject
to your continued employment with the Company, your award will vest over four
years in accordance with the following schedule:
10% vest
on May 8, 2011
10% vest
on May 8, 2012
10% vest
on May 8, 2013
70% vest
on May 8, 2014
Until
vested, the units represented by this award are not entitled to receive cash
dividends and do not have the right to vote. The restrictions governing this
award will lapse immediately upon a change in control, death or permanent and
total disability as defined in Section 2 of the Plan. Units not vested at
retirement will be forfeited. Please consult the 2004 Long-Term
Incentive Plan Prospectus for a complete understanding of Havertys’
equity award program.
This is a
summary of the award. The grant agreement and Plan Prospectus are the
authorative source for all questions on awards made under the
Plan. You should log in to your account with the Plan Administrator,
Solium Shareworks, to review and accept the grant agreement.