Exhibit 10.22
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 (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 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.

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(a)    Subject to Participant’s continued employment with Corporation or a
Subsidiary, the Restricted Stock Units will become nonforfeitable and payable to
Participant pursuant to Section 5 hereof on the third anniversary of the Grant
Date (the “Vesting Date”).
(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 any of the following events (each, an “Early
Vesting Event”) if the Restricted Stock Units have not previously been forfeited
or become nonforfeitable: (i) the Participant’s death, (ii) the Participant
incurring a Disability, or (iii) a Change of Control.
(c) Notwithstanding Section 4(a) above, if Participant experiences a termination
of employment because of Participant’s Retirement (as defined below), then a
number of Restricted Stock Units shall be earned and result in payment, at the
time described in Section 5, in an amount equal to the number of 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. For purposes of this
Agreement, “Retirement” shall mean the voluntary termination of the
Participant’s employment with Corporation and its Subsidiaries if (i)
Participant is then at least age 55 and has completed at least twenty (20) years
of continuous service with Corporation or a Subsidiary, (ii) Participant is then
at least age 60 and has completed at least ten (10) years of continuous service
with Corporation or a Subsidiary or (iii) Participant is then at least age 65
and has completed at least five (5) years of continuous service with Corporation
or a Subsidiary.
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. Except as provided
in Section 5(b), such payment shall be made within 10 days following the date
that the Restricted Stock Units become nonforfeitable pursuant to Section 4
hereof.

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(b)    If the Restricted Stock Units become nonforfeitable (i) by reason of the
occurrence of a Change of Control as described in Section 4(b), and if the
Change of Control does not constitute a “change in control” for purposes of
Section 409A(a)(2)(A)(v) of the Code, or (ii) by reason of a Participant’s
Disability, and if such Disability does not constitute being “disabled” for
purposes of Section 409A(a)(2)(C) of the Code, then payment for the Restricted
Stock Units will be made upon the earliest of (w) the Participant becoming
“disabled” (determined in accordance with Section 409A(a)(2)(C) of the Code),
(x) the Vesting Date, (y) Participant’s death, or (z) the occurrence of a Change
of Control that constitutes a “change in control” for purposes of Section
409A(a)(2)(A)(v) of the Code.
(c)    If the Restricted Stock Units become payable on Participant’s “separation
from service” with the Corporation and its Subsidiary within the meaning of
Section 409A(a)(2)(A)(i) of Code and Participant is a “specified employee” as
determined pursuant to procedures adopted by Corporation in compliance with
Section 409A of the Code, then, to the extent necessary to comply with Section
409A of the Code, the payment for the Restricted Stock Units shall be made on
the earlier of the first day of the seventh month after the date of
Participant’s “separation from service” with Corporation and its Subsidiaries
within the meaning of Section 409A(a)(2)(A)(i) of the Code or the Participant’s
death.
(d)    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.
(e)    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.
6.     Restrictions during Vesting Period. Subject to Section 6.6(a) of the
Plan, prior to the Vesting Date or an Early Vesting Date, 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. Prior to the Vesting Date for any Award
of Restricted Stock Units, the Participant will not have any rights as a
stockholder with respect to the Restricted Stock

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Units until the time shares of Stock have been issued in settlement of the
Restricted Stock Units as described in Section 5. Participants holding a
Restricted Stock Unit Award will be credited with dividend equivalent additional
Restricted Stock Units equal to the amount or value of any cash or other
distributions or dividends payable during the Vesting Period with respect to an
equal number of shares of Stock.
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. If such
election is made, the Shares so retained 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 pursuant to this Section 8 to satisfy applicable withholding 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,
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

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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. Except as expressly provided in
this Agreement, capitalized terms used herein will have the meaning ascribed to
such terms in the Plan.
(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.
(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

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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.
(g)    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.
(h)    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.
(i)    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.
(j)    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.
    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__.

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Corporation:
LOUISIANA-PACIFIC CORPORATION

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

[Participant name]