Safeway 2013 Annual Report Download - page 109
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EXHIBIT A
TO RESTRICTED STOCK UNIT AWARD GRANT NOTICE
RESTRICTED STOCK UNIT AWARD AGREEMENT
Pursuant to the Restricted Stock Unit Award Grant Notice (the “ Grant Notice”) to which this Restricted Stock Award Unit Agreement
(this “Agreement”) is attached, Safeway Inc., a Delaware corporation (the “ Company”), has granted to Holder the number of RSUs specified in
the Grant Notice upon the terms and conditions set forth in the Safeway Inc. 2007 Equity and Incentive Award Plan, as such plan may be amended
from time to time (the “Plan”), the Grant Notice and this Agreement.
ARTICLE I
GENERAL
1.1 Defined Terms. Capitalized terms not specifically defined herein shall have the meanings specified in the Grant Notice or, if not
defined therein, the Plan.
1.2 Incorporation of Terms of Plan. The RSUs and the shares of Common Stock (“ Shares”) issued to Holder are subject to the terms and
conditions of the Plan which are incorporated herein by reference.
ARTICLE II
GRANT OF RESTRICTED STOCK UNITS
2.1 Grant of RSUs and Dividend Equivalents .
(a) In consideration of Holder’s agreement to remain in the service or employ of the Company or a Subsidiary and for other good
and valuable consideration, effective as of the “Grant Date” set forth in the Grant Notice (the “ Grant Date”), the Company hereby grants to Holder
an award of RSUs, upon the terms and conditions set forth in the Plan, the Grant Notice and this Agreement. Unless and until the RSUs have fully
vested in the manner set forth in the Grant Notice, Holder will have no right to receive any Common Stock or other payment in respect of the RSUs.
(b) The Company hereby grants to Holder an award of Dividend Equivalents with respect to each RSU granted pursuant to the
Grant Notice for all ordinary cash dividends which are paid to all or substantially all holders of the outstanding Shares between the Grant Date and
the date when the applicable RSU is distributed or paid to Holder or is forfeited or expires. The Dividend Equivalents for each RSU shall be equal to
the amount of cash which is paid as a dividend on one Share. The Dividend Equivalents shall be paid in cash or shares of Common Stock at the
Company’s election, as and when the cash dividends in respect of which such Dividend Equivalent payments arise are paid to holders of Common
Stock, without regard to the vested status of the underlying RSUs. Each Dividend Equivalent shall terminate as of the date the share of Common
Stock subject to the RSU to which such Dividend Equivalent relates is distributed.