EXHIBIT 10.1

MSC INDUSTRIAL DIRECT CO., INC.

2015 OMNIBUS INCENTIVE PLAN

PERFORMANCE SHARE UNIT AWARD AGREEMENT

Participant:    <Name>

Target:            <X,XXX> Shares

Grant Date:     <Date>

Performance Period:      <Fiscal Year 20xx – Fiscal Year 20yy>

This PERFORMANCE SHARE UNIT AWARD AGREEMENT (this “Award Agreement”) is entered
into by and between MSC Industrial Direct Co., Inc. (the “Company”) and the
above-named Participant (the “Participant”).  The Company and the Participant
may hereinafter each be referred to as a “Party” and collectively as the
“Parties.” 

WHEREAS, the Company has agreed to grant to the Participant a Performance Share
Unit Award, subject to the terms and conditions set forth in this Award
Agreement.

NOW, THEREFORE, in consideration of the foregoing premises and the mutual
covenants and agreements set forth in this Award Agreement, and for other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Parties hereby agree as follows:

1.    Definitions. Capitalized terms used but not defined herein shall have the
meanings given to such terms in the Company’s 2015 Omnibus Incentive Plan (the
“Plan”).  As used herein:

(a)    “Adjusted Operating Profit” for a fiscal year shall mean the Company’s
income from operations as determined under U.S. generally accepted accounting
principles, as shown in the Company’s Annual Report on Form 10-K filed with the
Securities and Exchange Commission, subject to adjustment as provided in Section
5.

(b)    “Annual Percentage Change in Adjusted Operating Profit” for a fiscal year
in the Performance Period shall mean the amount by which the Adjusted Operating
Profit for such fiscal year has increased or decreased relative to the
immediately preceding fiscal year, expressed as a positive or negative
percentage (depending on whether Adjusted Operating Profit increased or
decreased) of the Adjusted Operating Profit for such preceding fiscal year.

(c)    “Average Adjusted Operating Profit Growth” shall mean the sum of the
Annual Percentage Change in Adjusted Operating Profit for the three (3) fiscal
years in the Performance Period divided by three (3).

(d)    “Award” means the Performance Share Award hereby granted.

(e)    “Grant Date” shall mean _______________, the date on which the Company
granted the Award to the Participant pursuant to the Plan.

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(f)    “Performance Criteria” means the performance criteria established by the
Committee and as set forth in Section 4.

(g)    “Performance Period” shall mean the Company’s three (3) consecutive
fiscal years commencing with the fiscal year beginning <DATE>.

(h)    “Performance Share Unit” shall mean a bookkeeping entry that records the
equivalent of one (1) share of the Company’s Class A Common Stock, $0.001 per
share.

(i)    “Performance Share Unit Target” means the target number of Performance
Share Units that may be earned by the Participant pursuant to this Award
Agreement set forth earlier in this Award Agreement.

(j)    “Qualifying Termination” means a Qualifying Termination as defined in the
Company’s Executive Severance Plan.

(k)    “Retirement” shall mean any voluntary termination by the Participant as
an associate of the Company (or any Subsidiary) after reaching age fifty-five
(55), where the Participant’s age plus years of continuous employment with the
Company or its Subsidiaries equals at least sixty-five (65).

(l)    “Vesting Date” shall mean the date on third anniversary of the Grant
Date.

2.    Grant of Award.   The Participant is hereby granted an Award of
Performance Share Units under the Plan, evidencing the grant thereof by the
Compensation Committee (the “Committee”) of the Board of Directors of the
Company on the Grant Date, and the Participant hereby accepts the Award, in each
case, on the terms and subject to the conditions set forth in this Award
Agreement.  The target number of Shares subject to this Award is the Performance
Share Unit Target.

3.    Vesting.  Subject to Sections 9, 10, 11, 13, 14 and 15 below, provided
that the Participant remains an associate of, or in the service of, the Company
(or a Subsidiary) during the entire period commencing on the Grant Date and
ending on the Vesting Date, the Participant shall be eligible to earn the
applicable percentage of the Performance Share Unit Target based upon the
achievement of the Performance Criteria as set forth in Section 4.

4.    Performance Criteria.  Performance Share Units may be earned upon
achievement of the Average Adjusted Operating Profit Growth for the Performance
Period, in accordance with the following schedule. The Committee will certify
Average Adjusted Operating Profit Growth and determine the level of any earned
Performance Share Units as soon as administratively practical after the
Performance Period, but not later than the 90th day following the end of the
Performance Period.

﻿

Average Adjusted Operating
Profit Growth

Percentage of
Performance Share Target Earned

Below Threshold:

X%

0%

Threshold:

X%

50%

Target:

X%

100%

Maximum:

X% or above

200%

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﻿

The percentage of the Performance Share Target earned for results between
performance levels shall be determined by straight line interpolation with the
number of Performance Share Units earned rounded down to the nearest whole
number.  Any Performance Share Units that are not earned in accordance with this
Section 4 shall be forfeited.

5.    Adjustments.  The Committee shall have discretion to make such adjustments
to the computation of Adjusted Operating Profit as it deems appropriate to
reflect the impact of items that are not indicative of ongoing operating
results, including changes in accounting principles, litigation (recoveries and
charges), restructurings and severance, regulatory changes, natural disasters,
acquisitions or dispositions incurred in the year of the acquisition or
disposition, for the first twelve (12) months, exceptional items not reflective
of operational performance (operating performance includes both income and
expense related items that are directly correlated with the operating profit of
the underlying business operations, before taking into account interest and
taxes), and appropriate adjustments for 53-week fiscal years.

6.    Settlement; Rights as a Shareholder.  Upon vesting as provided in Section
3 and subject to achievement of the Performance Criteria as provided in Section
4 or as otherwise provided in this Award Agreement, each Performance Share Unit
shall be converted into the right to receive one Share upon
settlement.  Settlement of vested Performance Share Units shall be made promptly
following the date such Performance Share Units are earned and in any case
within sixty (60) days following the date of certification by the Committee as
provided in Section 4, provided that the Participant shall not be permitted,
directly or indirectly, to designate the year of settlement.  Any fractional
share upon vesting shall be used to satisfy the Company’s withholding
obligation.  

Unless and until such time as Shares are issued in settlement of vested
Performance Share Units, the Participant shall have no ownership of the Shares
allocated to the Performance Share Units and, subject to the provisions of
Section 7, shall have no rights as a shareholder with respect to such
Shares.  Upon settlement, the Company shall cause the Company’s transfer agent
to issue a certificate or certificates for the Shares in the name of the
Participant, or to make a book entry record of such issuance, and the
Participant shall thereupon have all rights as a shareholder with respect to
such Shares, including the right to vote such Shares and to receive all
dividends and other distributions paid with respect to such Shares.  The Company
may place on the certificates representing the Shares such legend or legends as
the Company may deem appropriate and the Company may place a stop transfer order
with respect to such Shares with the transfer agent(s) for the Shares.

7.    Dividend Equivalents.  Any dividends paid in cash on Shares prior to
vesting of the Performance Share Units shall be credited to the Participant as
additional Performance Share Units, as if the Performance Share Units then held
by the Participant had been converted to Shares.  The amount of such credit,
which may be in whole and/or fractional Performance Share Units (carried to
three decimals), shall be determined based on the Fair Market Value of Shares on
the date of payment of such dividend.  All such additional Performance Share
Units credited to the Participant shall be subject to the same vesting and
performance requirements applicable to the Performance Share Units underlying
the Award as set forth in Sections 3 and 4, and shall be settled in accordance
with, and at the time of, settlement of vested Performance Share Units pursuant
to this Award Agreement. 

8.    No Transfer.  This Award and the Performance Share Units are
non-transferable and may not be assigned, pledged or hypothecated and shall not
be subject to execution, attachment or similar process. 

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Upon any attempt to effect any such disposition, or upon the levy of any such
process, the Award shall immediately become null and void and the Performance
Share Units shall be forfeited. 

9.    Termination of Employment or Provision of Services by Reason of Death,
Disability, Retirement or a Qualifying Termination.  If the Participant’s
employment with or provision of services for the Company and its Subsidiaries
terminates by reason of death or Disability, this Award shall fully vest, any
forfeiture restrictions on this Award shall lapse on the date of such death or
Disability, the Participant (or the Participant’s estate) shall be entitled to
receive the full number of Performance Share Units that otherwise would have
been earned by the Participant if the Participant’s employment or provision of
services had not terminated prior to the Vesting Date determined in accordance
with Section 4, and settlement shall be made as provided in Section 6.  For
purposes of this Award Agreement, “Disability” shall mean (as determined by the
Committee in its sole discretion) any mental or physical illness that would
qualify the Participant for a disability under any long-term disability plan
maintained by the Company or any Subsidiary that is applicable to such
Participant, provided that if necessary for the Award to satisfy Section 409A of
the Code, a “Disability” must also be a disability within the meaning of Section
409A.  If the Participant’s employment with or provision of services for the
Company and its Subsidiaries terminates by reason of Retirement, this Award
shall partially vest, any forfeiture restrictions on such partially vested Award
shall lapse on the date of such Retirement, the Participant shall be entitled to
receive a number of Performance Share Units equal to the product of (a) and (b),
where (a) is equal to a fraction, the numerator of which is the number of full
years (i.e., 365-day periods) of employment from the Date of Grant until the
date of Retirement, and the denominator of which is three (3), and (b) is the
number of Performance Share Units that otherwise would have been earned by the
Participant if the Participant’s employment or provision of services had not
terminated prior to the Vesting Date determined in accordance with Section 4,
and settlement shall be made as provided in Section 6.  If the Participant’s
employment with or provision of services for the Company and its Subsidiaries
terminates by reason of a Qualifying Termination, this Award shall partially
vest, any forfeiture restrictions on such partially vested Award shall lapse on
the date of such Qualifying Termination, the Participant shall be entitled to
receive a number of Performance Share Units equal to the product of (a) and (b),
where (a) is equal to 33-1/3%, and (b) is the number of Performance Share Units
that otherwise would have been earned by the Participant if the Participant’s
employment or provision of services had not terminated prior to the Vesting Date
determined in accordance with Section 4, and settlement shall be made as
provided in Section 6; provided that if at the time of the Qualifying
Termination the Participant is eligible for Retirement, the Participant shall be
entitled to receive a number of Performance Share Units equal to the product of
(a) and (b), where (a) is equal to a fraction, the numerator of which is the
number of full years of employment (rounded up to the next highest whole
integer) from the Date of Grant until the date of the Qualifying Termination,
and the denominator of which is three (3), and (b) is the number of Performance
Share Units that otherwise would have been earned by the Participant if the
Participant’s employment or provision of services had not terminated prior to
the Vesting Date determined in accordance with Section 4, and settlement shall
be made as provided in Section 6.  Notwithstanding the foregoing, if the
Participant’s employment with or provision of services for the Company and its
Subsidiaries terminates by reason of Retirement or a Qualifying Termination
after the Participant has reached age 65 with 5 years of service,  this Award
shall fully vest, any forfeiture restrictions on this Award shall lapse on the
date of such Retirement or Qualifying Termination, the Participant shall be
entitled to receive the full number of Performance Share Units that otherwise
would have been earned by the Participant if the Participant’s employment or
provision of services had not terminated prior to the Vesting Date determined in
accordance with Section 4, and settlement shall be made as provided in Section
6. 

10.    Other Termination of Employment or Provision of Services.  Except as
provided below, if the Participant’s employment or provision of services
(including as a Non-Executive Director) is terminated

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for any reason other than death, Disability, Retirement or a Qualifying
Termination, this Award and the Performance Share Units represented by this
Award that have not yet vested as of such date shall be forfeited to the Company
forthwith and all rights of the Participant under this Award and such unvested
Performance Share Units represented by this Award shall immediately
terminate.  For purposes of this Award, the termination date shall be the last
day of employment or provision of services and shall not be extended by any
actual or deemed period of notice of termination, whether under statute, common
law, contract or otherwise.  For purposes of this Award, the Participant’s
employment with or provision of services shall be deemed to have terminated if
the entity for which the Participant is providing services ceases to be a
Subsidiary.  In addition, the Participant’s service or employment will be deemed
to have terminated for Cause, if after the Participant’s service or employment
has terminated, facts and circumstances are discovered that would have justified
a termination for Cause (and any Shares that may have been issued upon
settlement of vested Performance Share Units after the occurrence of the conduct
that would have justified a termination for Cause shall be subject to recoupment
by the Company, and if such Shares are no longer held by the Participant, then
the Participant shall pay to the Company a sum equal to the Fair Market Value of
the Shares at the time such Shares were issued).  Any determination of Cause
shall be made by the Committee, in its sole discretion.  For purposes of this
Award Agreement (other than for purposes of determinations made under Article 11
of the Plan), “Cause” shall mean (i) the willful and continued failure by the
Participant to substantially perform his or her duties with the Company and its
Subsidiaries (other than any such failure resulting from his or her incapacity
due to physical or mental illness), (ii) the engaging by the Participant in
conduct which is demonstrably and materially injurious to the Company or its
Subsidiaries, monetarily or otherwise, (iii) the engaging by Participant in
fraud, breach of fiduciary duty, dishonesty, misappropriation or other actions
that cause damage to the property or business of the Company or its
Subsidiaries, or (iv) the Participant’s conviction of, or entering a plea of
nolo contendere to, a felony.  Notwithstanding the foregoing, if the
Participant’s employment is terminated by the Company without Cause or the
Participant voluntarily terminates his or her employment, (i) if the Participant
is eligible for Retirement at the time of such termination, this Award shall
partially vest, any forfeiture restrictions on such partially vested Award shall
lapse on the date of such Retirement, the Participant shall be entitled to
receive a number of Performance Share Units equal to the product of (a) and (b),
where (a) is equal to a fraction, the numerator of which is the number of full
years (i.e., 365-day periods) of employment from the Date of Grant until the
date of such termination, and the denominator of which is three (3), and (b) is
the number of Performance Share Units that otherwise would have been earned by
the Participant if the Participant’s employment had not terminated prior to the
Vesting Date determined in accordance with Section 4, and settlement shall be
made as provided in Section 6 or (ii) if the Participant has reached age 65 with
5 years of service at the time of such termination, this Award shall fully vest,
any forfeiture restrictions on this Award shall lapse on the date of such
termination, the Participant shall be entitled to receive the full number of
Performance Share Units that otherwise would have been earned by the Participant
if the Participant’s employment or provision of services had not terminated
prior to the Vesting Date determined in accordance with Section 4, and
settlement shall be made as provided in Section 6.

11.    Withholding Taxes.  No later than the date as of which an amount first
becomes includible in the gross income of the Participant for income tax
purposes with respect to the Award granted hereunder, the Participant shall make
arrangements satisfactory to the Company regarding the payment of any federal,
state, local or foreign taxes of any kind required by law to be withheld with
respect to such amount. Unless the Participant elects, with respect to each
particular vesting event, to satisfy his or her withholding obligation with a
cash payment in accordance with rules established by the Committee, the
Participant shall be deemed to have, and by his or her signature hereto hereby
does, instruct the Company to satisfy the Company’s minimum statutory
withholding obligations with Shares that are to be delivered in connection with
the vesting and issuance of Shares under the Award. Changes to this instruction
to pay

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withholding obligations in Shares (i.e., to make arrangements to pay withholding
obligations in cash) can only be made during the “trading window” prior to the
vesting event under the Company’s Insider Trading Policy.  Notwithstanding any
provision herein to the contrary, in the event an Award becomes subject to FICA
taxes at a time when the Award would not otherwise vest pursuant to Section 3,
the Company shall (and without providing the Participant with an election)
settle a sufficient number of Performance Share Units determined based on the
Fair Market Value on the date of settlement that does not exceed the applicable
minimum statutory withholding tax obligation with respect to such FICA taxes and
any federal, state or local income taxes that may apply as a result of such
accelerated settlement of Performance Share Units and the Company shall withhold
such amounts to satisfy such FICA and any related income tax liability;
provided, however, that any such accelerated settlement of Performance Share
Units shall be made only to the extent permitted under Treasury Regulations
section 1.409A-3(j)(4)(vi). 

The obligations of the Company under the Plan shall be conditional on such
payment arrangements, and the Company and its Subsidiaries shall, to the extent
permitted by law, have the right to deduct any such taxes from any payment
otherwise due to the Participant.  The Committee may establish such procedures
as it deems appropriate for the settlement of withholding obligations with
Shares.  The Participant should consult his or her own tax advisor for more
information concerning the tax consequences of the grant and settlement of
Performance Share Units under this Award Agreement.

12.    Death of Participant.  If any of the Performance Share Units shall vest
upon the death of the Participant, any Shares to be delivered upon settlement
shall be registered in the name of the estate of the Participant unless the
Company shall have theretofore received in writing a beneficiary designation, in
which event they shall be registered in the name of the designated beneficiary.

13.    Special Forfeiture and Repayment Provisions.

(a)    If the Participant, while providing services to the Company or any
Subsidiary, or after cessation of such service, violates a confidentiality,
non-competition or non-solicitation covenant or agreement, as determined by the
Committee in its sole discretion, then (i) this Award and the Performance Share
Units represented by this Award that have not yet vested as of such date shall
be forfeited to the Company forthwith and all rights of the Participant under
this Award and such unvested Performance Share Units represented by this Award
shall immediately terminate, and (ii) if any Performance Share Units have vested
within the twelve (12)-month period immediately preceding the date of the
earliest violation by the Participant (or following the date of the earliest
violation), then, upon the Company’s demand, the Participant shall immediately
deliver to the Company certificate(s) for the number of Shares delivered upon
settlement of such Performance Share Units or, if any shares have been sold, the
Participant shall immediately remit to the Company, in cash, the proceeds of any
such sale(s).  Notwithstanding the foregoing, in the event of a Change in
Control, the Company’s right to cancel the Award or to require forfeiture or
repayment, as provided above, shall terminate without prejudice to any rights
that the Company otherwise may have under applicable law.

(b)    The Participant hereby acknowledges and agrees that the restrictions
contained in this Section 13 are being made for the benefit of the Company in
consideration of the Participant’s receipt of the Award.  The Participant
further acknowledges and agrees that the receipt of the Award is a voluntary
action on the part of the Participant and that the Company is unwilling to
provide the Award to the Participant without including the restrictions
contained herein.

(c)    The Participant hereby consents to a deduction from, and set-off against,
any amounts owed to the Participant by the Company or its Subsidiaries from time
to time to the extent of any amounts owed to the Company by the Participant
hereunder.

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(d)    The forfeiture and repayment provisions of this Award are in addition to,
and not in lieu of, any other remedies that the Company may have in the event of
a violation by the Participant of any confidentiality, non-competition or
non-solicitation covenant in any agreement between the Participant and the
Company or any of its Subsidiaries.

14.    Incentive Compensation Recoupment Policy.  The Participant hereby further
agrees that the Participant shall be subject to any clawback, recoupment or
other similar policy that the Company adopts, including the Company’s Executive
Incentive Compensation Recoupment Policy, and acknowledges and agrees that the
Award, the Shares issued and/or amounts paid or to be paid hereunder and/or
amounts received with respect to any sale of such Shares, shall be subject to
potential cancellation, recoupment, rescission, payback or other action in
accordance with the terms of such policy. The Participant agrees and consents to
the Company’s application, implementation and enforcement of (i) any such policy
established by the Company that may apply to the Participant and (ii) any
provision of applicable law relating to cancellation, rescission, payback or
recoupment of compensation, and expressly agrees that the Company may take such
actions as are necessary to effectuate such policy or applicable law without
further consent or action being required by the Participant.  To the extent that
the terms of this Award Agreement and such policy conflict, then the terms of
such policy shall prevail.

15.    Change in Control. The provisions of Article 11 of the Plan applicable to
a Change in Control shall apply to this Award, and the Committee may take such
actions as it deems appropriate pursuant to the Plan; provided, however, that
for all purposes of Article 11 of the Plan and the Company’s Executive Change in
Control Severance Plan, the Performance Criteria shall be deemed to have been
achieved at the target level provided in Section 4, except that if the Change in
Control occurs after the first fiscal year of the Performance Period and the
actual level of achievement (based on one, two or three full fiscal years) is
higher than the target level, then the actual level of achievement shall be used
to determine the level of achievement of the Performance Criteria, or in the
case of the assumption or substitution of this Award, the number of shares of
restricted stock or restricted stock units of the assumed or substituted award
(any such restricted stock or restricted stock units to have a vesting date that
corresponds to the third anniversary of the Grant Date).  Settlement shall be
made as provided in Section 6.

16.    Nature of Grant.   In accepting this Award, the Participant acknowledges
and agrees that:

(a)    the Plan is established voluntarily by the Company, is discretionary in
nature and may be amended, suspended or terminated by the Company at any time;

(b)    the grant of this Award is voluntary and occasional and does not create
any contractual or other right to receive future grants of Awards, or benefits
in lieu of Awards, even if Awards have been granted repeatedly in the past;

(c)    all decisions with respect to future grants of Awards, if any, will be at
the sole discretion of the Company;

(d)    the Participant’s participation in the Plan is voluntary;

(e)    the Participant’s participation in the Plan shall not create a right to
further employment with the Company or any Subsidiary and shall not interfere
with the ability of the Company or any Subsidiary to terminate the Participant’s
employment relationship at any time;

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(f)    this Award is an extraordinary item that does not constitute compensation
of any kind for services of any kind rendered to the Company or any Subsidiary
and is outside the scope of the Participant’s employment or service contract, if
any;

(g)    the future value of the Shares underlying this Award is unknown and
cannot be predicted with certainty;

(h)    no claim or entitlement to compensation or damages shall arise from the
forfeiture of unvested Performance Share Units under the Award resulting from
the Participant’s termination of service (for any reason whatsoever and whether
or not in breach of local labor laws), and in consideration of this Award to
which the Participant is otherwise not entitled, the Participant irrevocably
agrees never to institute any claim against the Company and/or any Subsidiary,
waives the Participant’s ability, if any, to bring any such claim, and releases
the Company and/or any Subsidiary from any such claim; if, notwithstanding the
foregoing, any such claim is allowed by a court of competent jurisdiction, then,
by participating in the Plan, the Participant shall be deemed irrevocably to
have agreed not to pursue such claim and agrees to execute any and all documents
necessary to request dismissal or withdrawal of such claims; and

(i)    for a Participant residing outside of the U.S.A:

(A)    this Award and any Shares acquired under the Plan are not intended to
replace any pension rights or compensation;

(B)    this Award is not part of normal or expected compensation or salary for
any purposes, including, but not limited to, calculating any severance,
resignation, termination, redundancy, end of service payments, dismissal,
bonuses, long-service awards, pension or retirement or welfare benefits or
similar payments and in no event should be considered as compensation for, or
relating in any way to past services for the Company or any Subsidiary; and

(C)    in the event of the Participant’s termination of service (whether or not
in breach of local labor laws), the Participant’s right to vest under the Plan,
if any, will terminate effective as of the date of termination of service; and
the Committee shall have the exclusive discretion to determine when the
Participant is no longer actively providing service for purposes of this Award.

17.    Effect of Amendment of Plan; Amendment of Award Agreement.  No
discontinuation, modification, or amendment of the Plan may, without the express
written consent of the Participant, adversely affect the rights of the
Participant under this Award, except as expressly provided under the Plan.

This Award Agreement may be amended as provided under the Plan, but except as
provided thereunder any such amendment shall not adversely affect Participant’s
rights hereunder without Participant’s consent.

18.    No Limitation on Rights of the Company; Adjustment of Award.  The grant
of this Award shall not in any way affect the right or power of the Company to
make adjustments, reclassifications, or changes in its capital or business
structure or to merge, consolidate, dissolve, liquidate, sell, or transfer all
or any part of its business or assets.  The number and kind of shares subject to
this Award and other related terms shall be adjusted by the Committee in
accordance with Section 12.2 of the Plan.  

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19.    Compliance with Applicable Law.  Notwithstanding anything herein to the
contrary, the Company shall not be obligated to issue or deliver or cause to be
issued or delivered any certificates for Shares, unless and until the Company is
advised by its counsel that the issuance and delivery of such certificates is in
compliance with all applicable laws, regulations of governmental authority, and
the requirements of any exchange upon which Shares are traded.  The Company
shall in no event be obligated to register any securities pursuant to the
Securities Act of 1933 (as now in effect or as hereafter amended) or to take any
other action in order to cause the issuance and delivery of such certificates to
comply with any such law, regulation or requirement.  The Company may require,
as a condition of the issuance and delivery of such certificates and in order to
ensure compliance with such laws, regulations, and requirements, that the
Participant makes such covenants, agreements, and representations as the
Company, in its sole discretion, considers necessary or desirable.

20.    Agreement Not a Contract of Employment or Other Relationship.  This Award
Agreement is not a contract of employment, and the terms of employment of the
Participant or other relationship of the Participant with the Company or any of
its Subsidiaries shall not be affected in any way by this Award Agreement except
as specifically provided herein.  The execution of this Award Agreement shall
not be construed as conferring any legal rights upon the Participant for a
continuation of an employment or other relationship with the Company or any of
its Subsidiaries, nor shall it interfere with the right of the Company or any of
its Subsidiaries to discharge the Participant and to treat him or her without
regard to the effect which such treatment might have upon him or her as a
Participant.

21.    Data Privacy.  As a condition of acceptance of this Award, the
Participant explicitly and unambiguously consents to the collection, use and
transfer, in electronic or other form, of personal data as described in this
Section 21 by and among, as applicable, the Company and its Subsidiaries for the
exclusive purpose of implementing, administering and managing the Participant’s
participation in the Plan.  The Participant understands that the Company and its
Subsidiaries hold certain personal information about the Participant, including
the Participant’s name, home address and telephone number, date of birth, social
insurance number or other identification number, salary, nationality, job title,
any shares of stock or directorships held in the Company or any Subsidiary,
details of all Awards or any other entitlement to Shares awarded, canceled,
exercised, vested, unvested or outstanding in the Participant’s favor (the
“Data”), for the purpose of implementing, managing and administering the
Plan.  The Participant further understands that the Company and its Subsidiaries
may transfer the Data amongst themselves as necessary for the purpose of
implementation, management and administration of the Participant’s participation
in the Plan, and that the Company and its Subsidiaries may each further transfer
the Data to any third parties assisting the Company in the implementation,
management, and administration of the Plan.  The Participant understands that
these recipients may be located in the Participant’s country, or elsewhere, and
that the recipient’s country may have different data privacy laws and
protections than the Participant’s country.  The Participant understands that he
or she may request a list with the names and addresses of any potential
recipients of the Data by contacting his or her local human resources
representative.  The Participant, through participation in the Plan and
acceptance of an Award under the Plan, authorizes such recipients to receive,
possess, use, retain and transfer the Data, in electronic or other form, for the
purposes of implementing, administering and managing the Participant’s
participation in the Plan, including any requisite transfer of such Data as may
be required to a broker or other third party with whom the Participant may elect
to deposit any Shares.  The Participant understands that the Data will be held
only as long as is necessary to implement, manage, and administer the
Participant’s participation in the Plan.  The Participant understands that if he
or she resides outside the United States, he or she may, at any time, view the
Data, request additional information about the storage and processing of the
Data, require any necessary amendments to the Data, or refuse or withdraw the
consents herein in writing, in any case without cost, by contacting in writing
his or her local human resources representative.  Further, the

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Participant understands that he or she is providing the consents herein on a
purely voluntary basis.  If the Participant does not consent, or if the
Participant later seeks to revoke his or her consent, the Participant’s
employment status and position with the Company or its Subsidiary will not be
affected; the only adverse consequence of refusing or withdrawing the
Participant’s consent is that the Company would not be able to grant the
Participant Awards or administer or maintain such Awards.  Therefore, the
Participant understands that refusing or withdrawing the Participant’s consent
may affect his or her ability to participate in the Plan.  For more information
on the consequences of refusal to consent or withdrawal of consent, the
Participant understands that he or she may contact his or her local human
resources representative.

22.    Notices.  Any notice or other communication required or permitted
hereunder shall be in writing and shall be delivered personally or sent by
certified, registered, or express mail, postage prepaid, return receipt
requested, or by a reputable overnight delivery service.  Any such notice shall
be deemed given when received by the intended recipient.

23.    Governing Law.  Except to the extent preempted by Federal law, this Award
Agreement shall be construed and enforced in accordance with, and governed by,
the laws of the State of New York without regard to any principles thereof
relating to the conflicts of laws that would result in the application of the
laws of any other jurisdiction.  The parties agree that the state and federal
courts located in the State of New York, County of Suffolk, shall have exclusive
jurisdiction in any action, suit or proceeding based on or arising out of this
Award Agreement and the parties hereby: (a) submit to the personal jurisdiction
of such courts; (b) consent to service of process in connection with any action,
suit or proceeding; (c) agree that venue is proper and convenient in such forum;
(d) waive any other requirement (whether imposed by statute, rule of court or
otherwise) with respect to personal jurisdiction, subject matter jurisdiction,
venue, or service of process; and (e) waive the right, if any, to a jury trial.
   

24.    Acknowledgment; Interpretation of Agreement and Plan.  The Participant
acknowledges receipt of a copy of the Plan, and represents that the Participant
is familiar with the terms and provisions thereof, and hereby accepts this Award
subject to all the terms and provisions of this Award Agreement and of the
Plan.  The Participant hereby agrees to accept as binding, conclusive and final
all decisions or interpretations of the Committee with respect to any questions
arising under this Award Agreement or the Plan.

25.    Entire Agreement.  The Plan and this Award Agreement constitute the
entire agreement and understanding of the parties with respect to the subject
matter of this Award Agreement, and supersede all prior understandings and
agreements, whether oral or written, between the parties hereto with respect to
the specific subject matter hereof.  To the extent any provisions of the Award
Agreement are inconsistent or in conflict with any terms or provisions of the
Plan, the Plan shall govern. 

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IN WITNESS WHEREOF, the Company and the Participant have duly executed this
Award Agreement as of the ___ day of ______, 20__.

﻿

﻿

 

 

﻿

 

MSC INDUSTRIAL DIRECT CO., INC.

﻿

 

By: ______________________

Name:

Title:

﻿

﻿

 

 

﻿

 

PARTICIPANT:

﻿

 

By: ______________________

Name:

 

﻿

﻿

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