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Form of Agreement for Performance Unit or Share Awards to Executive Officers

Performance Unit Award Agreement

Form of Agreement for Performance Unit or Share Awards to Executive Officers | Document Parties: 3M CO You are currently viewing:
This Performance Unit Award Agreement involves

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Title: Form of Agreement for Performance Unit or Share Awards to Executive Officers
Date: 5/8/2008
Industry: Conglomerates     Sector: Conglomerates

Form of Agreement for Performance Unit or Share Awards to Executive Officers, Parties: 3m co
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Exhibit 10.1

 

Form of Agreement for Performance Unit or Share Awards to Executive Officers

 

SUBJECT:  MESSAGE FROM GEORGE BUCKLEY: YOUR 3M 2008 PERFORMANCE SHARE AWARD

 

FIRST & LAST NAME       EMPLOYEE #

 

The purpose of this letter is to provide you with the number of contingent shares actually assigned to you as your 2008 award.  The number of contingent shares was calculated by dividing the target value of your performance share award by the FMV of 3M stock on February 29, 2008 ($xx.xx).

 

The Compensation Committee of the Board of Directors has approved the following 3M Performance Share award to be issued under the Performance Unit Plan (PUP) effective March 1, 2008:

 

AWARD YEAR:

 

2008

 

 

 

AWARD DESCRIPTION:

 

ANNUAL AWARD

 

 

 

TARGET VALUE:

 

$xxx,xxx

 

 

 

NUMBER OF CONTINGENT SHARES:

 

x,xxx

 

Performance Shares issued under the


 
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