Back to top

FORM OF DEFERRED STOCK UNIT AGREEMENT

Deferred Unit Award Agreement

FORM OF DEFERRED STOCK UNIT
AGREEMENT You are currently viewing:
This Deferred Unit Award Agreement involves

CIGNA CORP

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.
Title: FORM OF DEFERRED STOCK UNIT AGREEMENT
Date: 2/27/2004
Industry: INSACC     Sector: FINANC

Search Deferred Unit Award Agreement by:

Document Title:

Entire Document: (optional)

50 of the Top 250 law firms use our Products every day
Exhibit 10.22

Exhibit 10.22

Schedule regarding Deferred Stock Unit Agreements
dated August 6, 2003 with Messrs. Hanway, Bell and Wolf
and Ms. Soltz

On August 6, 2003, CIGNA Corporation entered into Deferred Stock Unit Agreements with Messrs. Hanway, Bell and Wolf and Ms. Soltz. Under these agreements, Mr. Hanway received 100,000 deferred stock units, Mr. Bell received 22,225 deferred stock units, Mr. Wolf received 10,560 deferred stock units, and Ms. Soltz received 11,560 deferred stock units. Other than the name of the executive officer and the number of units granted, the Deferred Stock Unit Agreements for Messrs. Hanway, Bell and Wolf and Ms. Soltz are identical in form, as attached in the appendix to this Exhibit 10.22.


Appendix to Exhibit 10.22

FORM OF DEFERRED STOCK UNIT AGREEMENT

This Deferred Stock Unit Agreement is dated as of August 6, 2003, and is between (NAME, ADDRESS), and CIGNA Corporation, 1650 Market Street, Philadelphia, Pennsylvania, 19192, a Delaware corporation.

You and CIGNA, intending to be legally bound and in consideration of the promises in this Agreement, mutually agree as follows:

1.  Definitions. Under this Agreement, these terms shall have the following meanings:

(a)

 

"Agreement" - this Deferred Stock Unit Agreement.

 

(b)

 

“CIGNA” – CIGNA Corporation, or a successor.

 

(c)

 

“CIGNA Company” – CIGNA Corporation and/or any CIGNA Corporation subsidiary.

 

(d)

 

“Deferred Plan” – the CIGNA Deferred Compensation Plan.

 

(e)

 

“Grant Date” – August 6, 2003.

 

(f)

 

“Payment Date” – the January following your Termination of Employment.

 

(g)

 

“Stock Plan” – the CIGNA Corporation Stock Plan, or a successor plan.

 

(h)

 

“Units” – the deferred stock units described in paragraph 2.

 

(i)

 

“Vesting Date” – the date your right to Units vests under paragraphs 3, 4 or 5.

 

(j)

 

“Change of Control,” “Committee,” “Disability,” “Retirement,” “Termination of Employment” and “Termination upon a Change of Control” – all as defined in Section 2.1 of the Stock Plan.

 

1


2. Deferred Stock Units.

(a)

 

CIGNA grants you xxxx Units effective as of the Grant Date.

 

(b)

 

Each Unit represents your right to receive, under the terms and conditions described in this Agreement, payment of:

 

 

(1)

One share of CIGNA common stock; and

 

 

(2)

Dividend equivalents (described in paragraph 7) on one share of CIGNA common stock from the Grant Date until the Payment Date.

 

search for freebrowse for freelearn more