Life Time Fitness, Inc.
2004 Long-Term Incentive Plan
Restricted Stock Agreement (Forfeiture Component)
This is a Restricted Stock Agreement (the “ Agreement ”) between Life Time Fitness, Inc., a Minnesota
corporation (the “ Company ”), and the employee identified above (the “ Employee ”) effective as of the date of
issuance specified above.
WHEREAS, the Company maintains the Life Time Fitness, Inc. 2004 Long-Term Incentive Plan (the “ Plan
WHEREAS, pursuant to the Plan, the Company’s Compensation Committee (the “Committee”), a committee
of the Board of Directors (the “ Board ”), administers the Plan and the Committee has the authority to grant
awards under the Plan on behalf of the Company;
WHEREAS, the Committee has determined that the Employee is eligible to receive such an award under the
NOW, THEREFORE, the Company hereby grants this award of Restricted Shares to the Employee under
the terms and conditions as follows.
TERMS AND CONDITIONS
(a) Subject to the terms and conditions of this Agreement, the Company has issued to the Employee the
number of Shares specified at the beginning of this Agreement. These Shares are subject to the restrictions
provided for in this Agreement and are referred to collectively as the “ Restricted Shares ” and each as a “
Restricted Share .”
Name of Employee:
No. of Shares Covered:
Date of Issuance: March 12, 2010
Vesting Schedule pursuant to Section 2 (Cumulative):
No. of Shares Which
Become Vested as of Such Date
March 1, 2011
March 1, 2012
March 1, 2013
March 1, 2014
1. Grant of Restricted Stock .
(b) The Restricted Shares will be evidenced by a book entry made in the records of the Company’s transfer
agent in the name of the Employee (unless the Employee requests a certificate evidencing the Restricted
Shares). All restrictions provided for in this Agreement wil