RESTRICTED STOCK UNIT AWARD AGREEMENT
Corporation:
Louisiana-Pacific Corporation, a Delaware corporation (“Corporation”)
Awardee:
[Employee name] (“Participant”)
Plan:
Louisiana-Pacific Corporation 2013 Omnibus Stock Award Plan, as amended (the
“Plan”)
Award:
[XXX] Share units having a value equal to such number of Shares (“Restricted
Stock Units”)
Grant Date:
__________ ___, 20___ (“Grant Date”)

Corporation and Participant agree as follows:
1.Defined Terms. Capitalized terms used but not otherwise defined in this
Restricted Stock Unit Award Agreement (the “Agreement”) have the meanings given
them in the Plan.
2.Grant of Restricted Stock Units. As of the Grant Date, Corporation has granted
to Participant the Restricted Stock Units (which Award is a form of restricted
stock grant under the Plan). Each Restricted Stock Unit represents the right of
Participant to receive one Share subject to and upon the terms and conditions of
this Agreement and the Plan.
3.Acknowledgment. Participant acknowledges that the Restricted Stock Units are
subject to the terms and conditions set forth in this Agreement and in the Plan.
4.Vesting of Restricted Stock Units.
(a)Except as otherwise provided herein, the Restricted Stock Units will become
nonforfeitable and payable to Participant pursuant to Section 5 hereof having a
ratable vesting schedule of 1/3 of the award per year on the anniversary of the
Grant Date (the “Vesting Date”), conditioned upon Participant’s continuous
employment with the Company or a Subsidiary through the Vesting Date. Any
Restricted Stock Units that do not so become nonforfeitable will be forfeited,
including, except as provided in Section 4(b) below, if Participant ceases to be
continuously employed by Corporation or a Subsidiary prior to the Vesting Date.
For purposes of this Agreement, “continuously employed” means the absence of any
interruption or termination of Participant’s employment with Corporation or with
a Subsidiary. Continuous employment shall not be considered interrupted or
terminated in the case of sick leave, military

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leave or any other leave of absence approved by Corporation or in the case of
transfers between locations of Corporation and its Subsidiaries.
(b)Notwithstanding Section 4(a) above, all of the Restricted Stock Units will
become nonforfeitable and payable to Participant pursuant to Section 5 hereof
upon the occurrence of a Change of Control if the Restricted Stock Units have
not previously been forfeited or become nonforfeitable.
(c)Notwithstanding Section 4(a) above, if Participant dies or becomes Disabled
during the period commencing on the Grant Date and ending on the Vesting Date,
then, if the Restricted Stock Units have not previously become nonforfeitable or
been forfeited, then a number of Restricted Stock Units shall become
nonforfeitable upon such death or Disability and result in payment, at the time
described in Section 5, in an amount equal to the product of (i) the Restricted
Stock Units that would have resulted in payment in accordance with the terms of
Section 4 if Participant had remained in the continuous employ of Corporation or
a Subsidiary from the Grant Date until the Vesting Date, multiplied by (ii) a
fraction (in no case greater than 1), the numerator of which is the number of
whole months from the Grant Date through the date of such death or Disability,
and the denominator of which is 36.
5.Form and Time of Payment of Restricted Stock Units.
(a)Payment for the Restricted Stock Units, after and to the extent they have
become nonforfeitable, shall be made in the form of Shares. Such payment shall
be made within 10 days following the date that the Restricted Stock Units become
nonforfeitable pursuant to Section 4 hereof.
(b)Except to the extent provided by Section 409A of the Code and permitted by
the Administrator, no Shares may be issued to Participant at a time earlier than
otherwise expressly provided in this Agreement.
(c)Corporation’s obligations to Participant with respect to the Restricted Stock
Units will be satisfied in full upon the issuance of Shares corresponding to
such Restricted Stock Units.

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6.Restrictions during Vesting Period. Subject to Section 6.6(a) of the Plan,
until payment is made to Participant as provided herein, Participant may not
sell, assign, pledge, transfer, encumber or otherwise dispose of the Restricted
Stock Units (or the Shares subject to the Restricted Stock Units).
7.Dividend, Voting and Other Rights. Participant will have no rights as a
stockholder with respect to the Restricted Stock Units until the time Shares
have been issued in settlement of the Restricted Stock Units as described in
Section 5. From and after the Grant Date and until the earlier of (a) the time
when the Restricted Stock Units become nonforfeitable and are paid in accordance
with Section 5 or (b) the time when Participant’s right to receive Shares is
forfeited, on the ex-dividend date with respect to any cash dividend (if any) to
holders of Shares generally, Participant shall be credited with additional
Restricted Stock Units approximately equal in value, as determined by the
Administrator, to such distribution. Any Restricted Stock Units credited
pursuant to the immediately preceding sentence shall be subject to the same
applicable terms and conditions (including vesting, payment and forfeitability)
as apply to the Restricted Stock Units based on which they were credited, and
such amounts shall be paid in Shares at the same time as the Restricted Stock
Units to which they relate.
8.Tax Withholding. Corporation will have the right to deduct from any settlement
of the Restricted Stock Units any federal, state, or local taxes of any kind
required by law to be withheld with respect to such payments or to take such
other action as may be necessary in the opinion of Corporation to satisfy all
obligations for the payment of such taxes. Participant must make arrangements
satisfactory to Corporation for the satisfaction of any such withholding tax
obligations. Corporation will not be required to make any such payment until
such obligations are satisfied. Participant may elect that all or any part of
such withholding requirement be satisfied by retention by Corporation of a
portion of the Shares to be delivered to Participant or by delivering to
Corporation other Shares held by Participant. If such election is made, the
Shares so retained or delivered shall be credited against such withholding
requirement at the Fair Market Value per Share of such Shares on the date of
such delivery. In no event will the fair market value of the Shares to be
withheld and/or delivered pursuant to this Section 8 to satisfy applicable
withholding

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taxes exceed the minimum amount of taxes required to be withheld if such
withholding would result in adverse accounting implications for the Corporation.
9.Miscellaneous.
(a)Compliance With Law. Corporation shall make reasonable efforts to comply with
all applicable federal and state securities laws; provided, however, that
notwithstanding any other provision of the Plan and this Agreement, Corporation
shall not be obligated to issue any Shares pursuant to this Agreement if the
issuance thereof would result in a violation of any such law.
(b)Compliance With Section 409A of the Code. To the extent applicable, it is
intended that this Agreement and the Plan comply with the provisions of
Section 409A of the Code. This Agreement and the Plan shall be administered in a
manner consistent with this intent, and any provision that would cause this
Agreement or the Plan to fail to satisfy Section 409A of the Code shall have no
force or effect until amended to comply with Section 409A of the Code (which
amendment may be retroactive to the extent permitted by Section 409A of the Code
and may be made by Corporation without the consent of Participant).
(c)Interpretation. Any reference in this Agreement to Section 409A of the Code
will also include any proposed, temporary or final regulations, or any other
guidance, promulgated with respect to such Section by the U.S. Department of the
Treasury or the Internal Revenue Service.
(d)No Employment Rights. The grant of the Restricted Stock Units under this
Agreement to Participant is a voluntary, discretionary award being made on a
one-time basis and it does not constitute a commitment to make any future
awards. The grant of the Restricted Stock Units and any payments made hereunder
will not be considered salary or other compensation for purposes of any
severance pay or similar allowance, except as otherwise required by law. Nothing
contained in this Agreement shall confer upon Participant any right to be
employed or remain employed by Corporation or any of its Subsidiaries, nor limit
or affect in any manner the right of Corporation or any of its Subsidiaries to
terminate the employment or adjust the compensation of Participant.

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(e)Relation to Other Benefits. Any economic or other benefit to Participant
under this Agreement or the Plan shall not be taken into account in determining
any benefits to which Participant may be entitled under any profit-sharing,
retirement or other benefit or compensation plan maintained by Corporation or
any of its Subsidiaries and shall not affect the amount of any life insurance
coverage available to any beneficiary under any life insurance plan covering
employees of Corporation or any of its Subsidiaries.
(f)Amendments. Any amendment to the Plan shall be deemed to be an amendment to
this Agreement to the extent that the amendment is applicable hereto; provided,
however, that (i) no amendment shall adversely affect the rights of Participant
under this Agreement without Participant’s written consent, and
(ii) Participant’s consent shall not be required to an amendment that is deemed
necessary by Corporation to ensure compliance with Section 409A of the Code or
Section 10D of the Exchange Act.
(g)Adjustments. The Restricted Stock Units and the number of Shares issuable for
the Restricted Stock Units and the other terms and conditions of the Award
evidenced by this Agreement are subject to adjustment as provided in Article 12
of the Plan.
(h)Severability. In the event that one or more of the provisions of this
Agreement shall be invalidated for any reason by a court of competent
jurisdiction, any provision so invalidated shall be deemed to be separable from
the other provisions hereof, and the remaining provisions hereof shall continue
to be valid and fully enforceable.
(i)Relation to Plan. This Agreement is subject to the terms and conditions of
the Plan. In the event of any inconsistency between the provisions of this
Agreement and the Plan, the Plan shall govern. The Administrator acting pursuant
to the Plan, as constituted from time to time, shall, except as expressly
provided otherwise herein or in the Plan, have the right to determine any
questions which arise in connection with this Agreement. Notwithstanding
anything in this Agreement to the contrary, Participant acknowledges and agrees
that this Agreement and the Award described herein (and any settlement thereof)
are subject to the terms and conditions of Corporation’s clawback policy (if
any) as may be in effect from time to time specifically to implement Section 10D
of the Exchange Act and any applicable rules or regulations

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promulgated thereunder (including applicable rules and regulations of any
national securities exchange on which the Shares may be traded) (the
“Compensation Recovery Policy”), and that relevant sections of this Agreement
shall be deemed superseded by and subject to the terms and conditions of the
Compensation Recovery Policy from and after the effective date thereof.
(j)Successors and Assigns. Without limiting the provisions of this Agreement,
the provisions of this Agreement shall inure to the benefit of, and be binding
upon, the successors, administrators, heirs, legal representatives and assigns
of Participant, and the successors and assigns of Corporation.
(k)Counterparts. This Agreement may be executed in one or more counterparts,
each of which shall be deemed to be an original but all of which together will
constitute one and the same agreement.
(l)Acknowledgement. Participant acknowledges that (i) a copy of the Plan has
been made available to Participant, (ii) Participant has had an opportunity to
review the terms of this Agreement and the Plan, (iii) Participant understands
the terms and conditions of this Agreement and the Plan and (iv) Participant
agrees to such terms and conditions.
(m)Electronic Delivery. Corporation may, in its sole discretion, deliver any
documents related to the Restricted Stock Units and Participant’s participation
in the Plan, or future awards that may be granted under the Plan, by electronic
means or request Participant’s consent to participate in the Plan by electronic
means. Participant hereby consents to receive such documents by electronic
delivery and, if requested, agrees to participate in the Plan through an on‑line
or electronic system established and maintained by Corporation or another third
party designated by Corporation.
[signature page follows]

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IN WITNESS WHEREOF, Corporation has caused this Agreement to be executed on its
behalf by its duly authorized officer and Participant has executed this
Agreement, effective as of _________, ___, 20__.
 
 
Corporation:
LOUISIANA-PACIFIC CORPORATION

_____________________________________
By: [officer name]
Its: [officer title]
Participant:
 

[Participant name]