Exhibit 10.3

2019 ACCO BRANDS CORPORATION INCENTIVE PLAN
DIRECTORS RESTRICTED STOCK UNIT AWARD AGREEMENT
THIS AGREEMENT is made and entered into and effective this [_________] (the
“Grant Date”) by and between ACCO Brands Corporation, a Delaware corporation
(the “Company”) and [_______] (“Participant”).
WHEREAS, the Participant is a member of the Board of Directors (the “Board”) of
the Company and in compensation for the Participant’s services to be provided
hereafter, the Board deems it advisable to award to the Participant a Director
Award of Restricted Stock Units representing shares of the Company’s common
stock, pursuant to the 2019 ACCO Brands Corporation Incentive Plan (“Plan”), as
set forth herein.
NOW THEREFORE, the Company and the Participant agree as follows:
1.Plan Governs; Capitalized Terms. This Agreement is made pursuant to the Plan,
and the terms of the Plan are incorporated into this Agreement, except as
otherwise specifically stated herein. Capitalized terms used in this Agreement
that are not defined in this Agreement shall have the meanings as used or
defined in the Plan. References in this Agreement to any specific Plan provision
shall not be construed as limiting the applicability of any other Plan
provision. To the extent any terms and conditions herein conflict with the terms
and conditions of the Plan, the terms and conditions of the Plan shall control
except to the extent the Plan provides that the Agreement may vary the terms of
the Plan.
2.    Award of Restricted Stock Units. The Company hereby grants to the
Participant on the Grant Date a Director Award of [______] Restricted Stock
Units. Each Restricted Stock Unit constitutes an unfunded and unsecured promise
of the Company to deliver (or cause to be delivered) to the Participant one (1)
Share. Each Restricted Stock Unit shall be fully vested and nonforfeitable, and
settled in accordance with Section 3, below. The Company shall hold the
Restricted Stock Units in book-entry form. The Participant shall have no direct
or secured claim in any specific assets of the Company or the Shares to be
issued to the Participant under Section 3 hereof, and shall have the status of a
general unsecured creditor of the Company. THIS DIRECTOR AWARD IS CONDITIONED ON
THE PARTICIPANT SIGNING THIS AGREEMENT VIA E-SIGNATURE (AS DESCRIBED AT THE END
OF THIS AGREEMENT) NO LATER THAN 45 DAYS FROM THE GRANT DATE AND IS SUBJECT TO
ALL TERMS, CONDITIONS AND PROVISIONS OF THE PLAN AND THIS AGREEMENT.
3.    Settlement. As a condition to the grant of this Director Award, the
Participant hereby agrees to defer payment of the Restricted Stock Units until
the date that the Participant ceases to be a member of the Board (and
constituting a separation from service) as so provided under the ACCO Brands
Corporation Deferred Compensation Plan for Non-Employee Directors as in effect
from time to time (“Directors Deferred Compensation Plan”). On the date that the

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Restricted Stock Units shall be payable under the Directors Deferred
Compensation Plan, the Company shall cause its transfer agent for the Shares to
register Shares in book-entry form in the name of the Participant (or, in the
discretion of the Committee, issue to the Participant a stock certificate)
representing a number of Shares equal to the number of Restricted Stock Units
then payable; provided, such Shares shall not be paid to the Participant earlier
than or later than is permitted under Section 409A of the Code, and further
provided, any earned and vested Restricted Stock Units attributable to dividend
equivalent amounts that converted to Restricted Stock Units in accordance with
Section 6(b) may, in the discretion of the Committee, be paid in cash. The
Committee has the discretion to settle all or a portion of vested Restricted
Stock Units by a cash payment equal to the Fair Market Value of a Share.
4.    No Transfer or Assignment of Restricted Stock Units; Restrictions on Sale.
Except as otherwise provided in this Agreement, the Restricted Stock Units and
the rights and privileges conferred thereby shall not be sold, pledged or
otherwise transferred (whether by operation of law or otherwise) and shall not
be subject to sale under execution, attachment, levy or similar process until
the Shares represented by the Restricted Stock Units are delivered to the
Participant or the Participant’s designated representative. The Participant
shall not sell any Shares at any time when applicable laws or Company policies
prohibit a sale. This restriction shall apply as long as the Participant is a
Director of the Company or an Affiliate.
5.    Legality of Initial Issuance. No Shares shall be issued unless and until
the Company has determined that (a) any applicable listing requirement of any
stock exchange or other securities market on which the Shares are listed has
been satisfied; and (b) all other applicable provisions of state or federal law
have been satisfied.
6.    Miscellaneous Provisions.
(a)    Rights as a Stockholder. Neither the Participant nor the Participant’s
representative shall have any rights as a stockholder with respect to any Shares
underlying the Restricted Stock Units until the date that the Company delivers
such Shares to the Participant or the Participant’s representative.
(b)    Dividend Equivalents. As of each dividend date with respect to Shares, a
fully vested dividend equivalent shall be awarded to the Participant in the
dollar amount equal to the amount of the dividend that would have been paid on
the number of Shares equal to the number of Restricted Stock Units held by the
Participant as of the close of business on the record date for such dividend.
Such dividend equivalent amount shall be converted into a number of Restricted
Stock Units equal to the number of whole and fractional Shares that could have
been purchased at the Fair Market Value on the dividend payment date with such
dollar amount. In the case of any dividend declared on Shares which is payable
in Shares, the Participant shall be awarded a fully vested dividend equivalent
of an additional number of Restricted Stock Units equal to the product of
(x) the number of his Restricted Stock Units then held on the related dividend
record date multiplied by the (y) the number of Shares (including any fraction
thereof) distributable as a dividend on a Share. All such dividend equivalents
credited to the Participant shall be added to and in all respects thereafter be
treated as additional Restricted Stock Units under this Agreement.

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(c)    Notices. Any notice required or permitted by the terms of this Agreement
shall be given in writing and shall be deemed effective upon personal delivery,
upon deposit with the United States Postal Service, by registered or certified
mail, with postage and fees prepaid or upon deposit with a reputable overnight
courier. Notice shall be addressed to the Company, Attention: General Counsel,
at its principal executive office and to the Participant at the address that he
most recently provided to the Company. To the extent provided by the Committee,
notice may also be given by e-mail or other electronic means.
(d)    Entire Agreement; Amendment; Waiver. This Agreement constitutes the
entire agreement between the parties hereto with regard to the subject matter
hereof. This Agreement supersedes any other agreements, representations or
understandings (whether oral or written and whether express or implied) which
relate to the subject matter hereof. No alteration or modification of this
Agreement shall be valid except by a subsequent written instrument executed by
the parties hereto. No provision of this Agreement may be waived except by a
writing executed and delivered by the party sought to be charged. Any such
written waiver shall be effective only with respect to the event or circumstance
described therein and not with respect to any other event or circumstance,
unless such waiver expressly provides to the contrary.
(e)    Choice of Law; Venue; Jury Trial Waiver. This Agreement shall be governed
by, and construed in accordance with, the laws of the State of Delaware, as such
laws are applied to contracts entered into and performed in such State, without
giving effect to the choice of law provisions thereof. The Company and the
Participant stipulate and consent to personal jurisdiction and proper venue in
the state or federal courts of Cook County, Illinois and waive each such party’s
right to objection to an Illinois court’s jurisdiction and venue. The
Participant and the Company hereby waive their right to jury trial on any legal
dispute arising from or relating to this Agreement, and consent to the
submission of all issues of fact and law arising from this Agreement to the
judge of a court of competent jurisdiction as otherwise provided for above.
(f)    Successors.
(i)    Limitation on Assignment. This Agreement is personal to the Participant
and, except as otherwise provided in Section 4 above, shall not be assignable by
the Participant otherwise than by will or the laws of descent and distribution,
without the written consent of the Company. This Agreement shall inure to the
benefit of and be enforceable by the Participant’s legal representatives.
(ii)    Company and Successors. This Agreement shall inure to the benefit of and
be binding upon the Company and its successors.
(g)    Severability. If any provision of this Agreement for any reason shall be
found by any court of competent jurisdiction to be invalid, illegal or
unenforceable, in whole or in part, such declaration shall not affect the
validity, legality or enforceability of any remaining provision or portion
thereof, which remaining provision or portion thereof shall remain in full force
and effect as if this Agreement had been adopted with the invalid, illegal or
unenforceable provision or portion thereof eliminated.

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(h)    Headings. The headings, captions and arrangements utilized in this
Agreement shall not be construed to limit or modify the terms or meaning of this
Agreement. Wherever from the context it appears appropriate, each term stated in
either the singular or plural shall include the singular and the plural, and
pronouns stated in the masculine, feminine or neuter gender shall include the
masculine, the feminine and the neuter.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
date and year first written above.
By opening this Agreement and clicking the “Accept” button on the “Grant
Acceptance: View/Accept Grant” screen (the Participant’s e-signature, the legal
equivalent of his/her handwritten/wet signature), the Participant:
(1)
Acknowledges that he or she is the authorized recipient of this Agreement and
that he or she has properly accessed the E*Trade online system by use of the
username and password created by the Participant;

(2)
Acknowledges that he or she has read and understands the 2019 ACCO Brands
Corporation Incentive Plan Directors Restricted Stock Unit Award Agreement in
its entirety; and

(3)
Accepts and agrees to the terms and conditions of the 2019 ACCO Brands
Corporation Incentive Plan Directors Restricted Stock Unit Award Agreement in
its entirety.

[Signature page follows]

ACCO Brands Corporation
PARTICIPANT
Name:

[Name]

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