Exhibit 10.25
ASBURY AUTOMOTIVE GROUP, INC.
2002 EQUITY INCENTIVE PLAN
PERFORMANCE SHARE UNIT AWARD AGREEMENT
PERFORMANCE SHARE UNIT AWARD AGREEMENT UNDER THE ASBURY AUTOMOTIVE GROUP, INC. 2002
EQUITY INCENTIVE PLAN dated as of date between Asbury Automotive Group, Inc. (the “ Company ”), a Delaware
corporation, and {NAME}.
This Performance Share Unit Award Agreement (the “ Award Agreement ”) sets forth the terms and conditions of a
target award of {X} performance compensation shares (the “ Award ”) that are subject to the terms and conditions specified
herein (“ Performance Awards ”) and that are granted to you under the Asbury Automotive Group, Inc. 2002 Equity Incentive
Plan (the “ Plan ”). This Award provides you with the opportunity to earn, subject to the terms of this Award Agreement,
shares of the Company’s common stock, $0.01 par value (“ Shares ”).
THIS AWARD IS SUBJECT TO ALL TERMS AND CONDITIONS OF THE PLAN AND THIS AWARD
AGREEMENT. BY SIGNING YOUR NAME BELOW, YOU WILL HAVE CONFIRMED YOUR ACCEPTANCE OF THE TERMS
AND CONDITIONS OF THIS AWARD AGREEMENT.
SECTION 1. Definitions. Capitalized terms used in this Award Agreement that are not defined in this Award
Agreement have the meanings as used or defined in the Plan. As used in this Award Agreement, the following terms shall have
the meanings set forth below:
“ Cause ” shall have the meaning set forth in any employment agreement then in effect between you, on the one
hand, and the Company or any of its Affiliates, on the other hand, or, if not defined in any such agreement, “Cause” shall mean
a finding by the Committee of any of the following: (a) your being convicted of, or entering a plea of nolo contendere to, any
crime that constitutes a felony or involves moral turpitude, (b) your gross negligence or serious misconduct (including, without
limitation, any criminal, fraudulent or dishonest conduct) that is injurious to the Company or any of its Affiliates, (c) your
material breach of your employment or service contract w