Exhibit 10.5
GLOBAL HYATT
CORPORATION
Special Cash Award
Agreement
Participant:
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The following sets forth the terms
of your Performance Award paid in cash (your “ Special
Cash Award ”).
SPECIAL CASH
AWARD:
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Special Cash Award Granted:
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VESTING SCHEDULE:
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Vesting Schedule:
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Subject to
acceleration in certain circumstances, the Special Cash Award shall
vest and become payable on the following vesting dates:
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• Initial 25% of the Cash
Award on April 1,
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• Additional 25% of the
Cash Award on April 1,
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• Additional 25% of the
Cash Award on April 1,
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• Additional 25% of the
Cash Award on April 1,
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The Performance Award that is
described and made pursuant to this Special Cash Award Agreement
(as amended from time to time, this “ Award Agreement
”) is issued under the Amended and Restated Global Hyatt
Corporation Long-Term Incentive Plan (as amended from time to time,
the “ Plan ”). By your signature on this Award
Agreement:
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you consent to be bound by all of
the terms and conditions of this Award Agreement and the Plan;
and
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you acknowledge that you have
received, read and understood the Plan, and this Award Agreement
and are famil
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