Delaware (State or other jurisdiction of incorporation) |
001-15451 (Commission File Number) |
58-2480149 (IRS Employer Identification No.) |
55 Glenlake Parkway, N.E., Atlanta, Georgia (Address of principal executive offices) |
30328 (Zip Code) |
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
(e) | On March 1, 2010, the Compensation Committee of the Board of Directors of United Parcel Service, Inc. (the Company) approved a target award of restricted stock units (RSUs) to be granted as UPS 2010 Long-Term Incentive Performance (LTIP) awards, and the related performance and earnings criteria. RSUs representing shares of class A common stock are awarded to executive officers, officers and certain other eligible managers pursuant to a RSU award agreement. The LTIP is authorized under the UPS 2009 Omnibus Incentive Compensation Plan that has previously been approved by the Companys shareowners and filed with the SEC. The form of Restricted Stock Unit Award Agreement for the 2010 LTIP grants is attached hereto as Exhibit 10.1. |
Item 9.01 | Financial Statements and Exhibits |
10.1 | Form of Restricted Stock Unit Award Agreement for the 2010 Long-Term Incentive Performance (LTIP) Awards |
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UNITED PARCEL SERVICE, INC. |
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Date: March 2, 2010 | By: | /s/ Kurt P. Kuehn | ||
Kurt P. Kuehn | ||||
Senior Vice President, Chief Financial Officer and Treasurer |
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