Exhibit
10(o)
Restricted Stock Unit Grant Agreement - additional terms &
conditions
1.
Grant of Restricted Stock Units. The
Management Development and Compensation Committee
(“Committee”) of the Board of Directors of General
Electric Company (“Company”) has granted Restricted
Stock Units with Dividend Equivalents (“RSUs”) to the
individual named in this Grant Agreement
(“Grantee”). Each RSU entitles the Grantee
to receive from the Company (i) one share of General Electric
Company common stock, par value $0.06 per share (“Common
Stock”) for which the restrictions set forth in paragraph 3
lapse in accordance with their terms, and (ii) cash payments based
on dividends paid to shareholders of such stock, each in accordance
with the terms of this Grant, the GE 2007 Long Term Incentive Plan
(“Plan”), and any rules and procedures adopted by the
Committee.
2.
Dividend Equivalents . Until such time as
the following restrictions lapse or the RSUs are cancelled,
whichever occurs first, the Company will pay the Grantee a cash
amount equivalent in value to the per share quarterly dividend
payment made to shareholders of the Company’s Common Stock,
with such payments to be made reasonably promptly after the payment
date of each quarterly dividend.
3.
Restrictions. Restrictions on the number
of RSUs specified in this Grant Agreement will lapse on the
designated Restriction Lapse Dates only if the Grantee has been
continuously employed by the Company or one of its affiliates to
such dates. RSUs shall be immediately cancelled upon
termination of employment, except as follows:
a. Employment Termination Due to Death.
If the Grantee’s employment with the Company or
any of its affiliates terminates as a result of the Grantee’s
death, then restrictions on all RSUs shall immediately
lapse.
b. Employment Termination Due to Transfer of Business to
Successor Employer.
If the Grantee’s employment with the Company or
any of its affiliates terminates as a result of employment by a
successor employer to which the Company has transferred a business
operation, then restrictions on all RSUs shall immediately
lapse.
c. Employment Termination More Than One Year After Grant
Date.
If, on or after the first anniversary of the Grant
Date, the Grantee’s employment with the Company or any of its
affiliates terminates as a result of any of the reasons set forth
below, or the Grantee becomes eligible to retire, each as defined
below, then restrictions on RSUs shall automatically lapse or the
RSUs shall be cancelled as provided below (subject to any rules
adopted by the Committee):
(i)
Termination for Retire
