Exhibit 10.3

SiteOne Landscape Supply, Inc.
Form of Performance Stock Unit Agreement
This Performance Stock Unit Agreement (this "Agreement") is made and entered
into as of _________________________(the "Grant Date") by and between SiteOne
Landscape Supply, Inc., a Delaware corporation (the "Company") and
_____________________________ (the "Participant").

1.Grant of Performance Share Units. Effective as of the Grant Date, the Company
hereby grants to Participant an Award of Performance Stock Units (“PSUs”) in the
amount of ______________________________PSUs (the “Target Award”), each of which
represents the right to receive one share of Company Common Stock (the “Share”)
upon vesting of such PSU, subject to and in accordance with the terms,
conditions and restrictions set forth in the SiteOne Landscape Supply, Inc. 2016
Omnibus Equity Incentive Plan (as it may be amended from time to time, the
“Plan”) and this Agreement. The number of PSUs that Participant may earn
hereunder shall range between zero to 200% of the Target Award and shall be
determined based on the level of achievement of the performance conditions set
forth in Exhibit A attached hereto (the “Performance Goals”) over the
Performance Cycle (as defined in Section 2). In consideration of the receipt of
this Award, Participant agrees to be bound by the covenants set forth in Exhibit
B governing Competitive Activity. Capitalized terms not otherwise defined herein
shall have the same meanings as in the Plan.

2.Performance Cycle. For purposes of this Agreement, the term "Performance
Cycle" shall mean the period commencing on ______________and ending
on_____________.

3.Performance Goals.

3.1 The number of PSUs earned by Participant for the Performance Cycle shall be
determined at the end of the Performance Cycle based on the level of achievement
of the Performance Goals in accordance with Exhibit A. All determinations of
whether Performance Goals have been achieved, the number of PSUs earned by
Participant, and all other matters related to this Section 3.1 shall be made by
the Administrator in its sole discretion.

3.2 As soon as practicable following completion of the Performance Cycle, but no
later than May 31, _________________, the Administrator shall review and certify
in writing (a) whether, and to what extent, the Performance Goals for the
Performance Cycle have been achieved, and (b) the number of PSUs earned by
Participant, if any, subject to satisfaction of the requirements of Section 4
(the “Determination Date”). Such certification shall be final, conclusive and
binding on Participant, and on all other persons, to the maximum extent
permitted by law.

4.Vesting of PSUs. The PSUs are subject to forfeiture until they vest. Except as
otherwise provided in Sections 5 and 6, the PSUs shall vest and become
nonforfeitable on the last day of the Performance Period, subject to (a) the
achievement of the minimum threshold Performance Goal for payout set forth in
Exhibit A, and (b) Participant's continuous employment (“Continuous Service”)
from the Grant Date through the last day of the Performance Period (the “Vesting
Date”). The number of PSUs that vest and become payable under this Agreement
shall be determined by the Administrator based on the level of achievement of
the Performance Goals set forth in Exhibit A and shall be rounded down to the
nearest whole PSU.

5.Termination of Continuous Service.

5.1 Except as otherwise provided in Sections 5.2, 5.3, 5.4 and 6, if
Participant's Continuous Service terminates for any reason at any time before
the Vesting Date, Participant's unvested PSUs shall be automatically forfeited
upon such termination of Continuous Service and neither the Company nor any
Affiliate shall have any further obligations to Participant under this
Agreement.

5.2 If Participant’s Continuous Service is terminated by the Company without
Cause (provided Participant has not engaged in any Competitive Activity),
Participant shall vest in the number of PSUs that would otherwise have vested
(if any) based on actual performance level at the end of the Performance Cycle,
determined by multiplying such number of PSUs by a fraction, the numerator of
which equals the number of completed months that Participant was employed with
the Company during the Performance Cycle and the denominator of which equals 36
months, provided, however, that the payout of such PSUs shall remain subject to
all other terms and conditions of this Agreement, including the payment date
described in Section 7 and the

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opportunity to earn a greater or lesser number of PSUs (subject to pro-ration as
provided in this Section) as provided in Exhibit A.

5.3 If Participant's Continuous Service terminates during the Performance Cycle
as a result of Participant's death or Disability, Participant shall vest on such
date in a portion of the Target Award (based on target level performance),
determined by multiplying the Target Award by a fraction, the numerator of which
equals the number of completed months that Participant was employed with the
Company during the Performance Cycle and the denominator of which equals 36
months, provided, however, the payout of such prorated Target Award shall remain
subject to all other terms and conditions of this Agreement, including the
payment dates described in Section 7.

5.4 In the event Participant’s Continuous Service terminates due to Retirement
and Participant has not violated any of the terms set forth in Exhibit B,
Participant shall vest in a pro-rated number of PSUs that would otherwise have
vested (if any) based on actual performance level at the end of the Performance
Cycle determined based on the following schedule:
Retirement Occurs During
Pro-Ration Factor
Year 1 of Performance Cycle
33%
Year 2 of Performance Cycle
67%
Year 3 of Performance Cycle
100%

provided, however, that such PSUs shall remain subject to all other terms and
conditions of this Agreement, including the payment date described in Section 7
and the opportunity to earn a greater or lesser number of PSUs (subject to
pro-ration as provided in this Section) as provided in Exhibit A.
As used in this Agreement: “Retirement” means Participant’s voluntarily
resignation (a) at or after attaining the age of 60, (b) after providing at
least 10 years of service to the Company as an Employee (or, if approved by the
Administrator, as a Consultant or Director), and (c) after providing Continuous
Service for 6 or more months during the Performance Cycle.
6.Effect of a Change in Control. In the event of a Change in Control during the
Performance Cycle, the PSUs subject to this Agreement shall convert into one
Restricted Stock Unit (the “Conversion Ratio”) and vest at the end of the
Performance Cycle as follows: (a) if the Change in Control occurs prior to the
completion of 2-years of the Performance Cycle, the Conversion Ratio shall be
based on PSUs at target level performance, or (b) if the Change in Control
occurs after completion of 2-years of the Performance Cycle, the Conversion
Ratio shall be based on PSUs at performance-to-date level if reasonably
measurable or target performance level if performance-to-date level shall not be
reasonably measurable, as determined in the sole discretion of the
Administrator. Provided, however, such Restricted Stock Units shall vest
immediately if the (x) the continuing entity fails to provide an Alternative
Award at the time of the Change in Control, or (y) the Company terminates
Participant’s employment without Cause or Participant terminates Participant’s
employment for Good Reason within the 12-month period following the Change in
Control; provided, further, that the payout of such Restricted Stock Units shall
remain subject to all other terms and conditions of this Agreement, including
the payment date described in Section 7.

7.Payment of PSUs. Payment in respect of the PSUs earned for the Performance
Cycle shall be made in Shares and shall be issued to Participant as soon as
practicable following the end of the Performance Cycle, but no later than May
31, _________. The Company shall (a) issue and deliver to Participant the number
of Shares equal to the number of vested PSUs, and (b) enter Participant's name
on the books of the Company as the shareholder of record with respect to the
Shares delivered to Participant. Notwithstanding anything herein to the
contrary, payment in respect of any PSUs vested as a result of Participant’s
death pursuant to Section 5.3 shall be made as soon as practical, but no later
than 30 days following the date of Participant’s death.

8.Transferability. Subject to any exceptions set forth in this Agreement or the
Plan, the PSUs or the rights relating thereto may not be assigned, alienated,
pledged, attached, sold or otherwise transferred or encumbered by Participant,
except by will or the laws of descent and distribution, and upon any such
transfer by will or the laws of descent and distribution, the transferee shall
hold such PSUs subject to all of the terms and conditions that were applicable
to Participant immediately prior to such transfer.

9.Rights as Shareholder; Dividend Equivalents.

9.1Participant shall not have any rights of a shareholder with respect to the
Shares underlying the PSUs, including, but not limited to, voting rights and the
right to receive or accrue dividends or dividend equivalents.

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9.2 Upon and following the vesting of the PSUs and the issuance of Shares,
Participant shall be the record owner of such Shares unless and until such
Shares are sold or otherwise disposed of, and as record owner shall be entitled
to all rights of a shareholder of the Company (including voting and dividend
rights).

10.No Right to Continued Service. Neither the Plan nor this Agreement shall
confer upon Participant any right to be retained in any position, as a Service
Provider. Further, nothing in the Plan or this Agreement shall be construed to
limit the discretion of the Company to terminate Participant's Continuous
Service at any time, with or without Cause.

11.Adjustments. If any change is made to the outstanding Common Stock or the
capital structure of the Company, if required, this Award shall be adjusted or
terminated in any manner as contemplated by Section 4.3 of the Plan.

12.Tax Liability and Withholding.

12.1 Participant shall be required to pay to the Company, and the Company shall
have the right to deduct from any compensation paid to Participant pursuant to
the Plan, the amount of any required withholding taxes in respect of the PSUs
and to take all such other action as the Administrator deems necessary to
satisfy all obligations for the payment of such withholding taxes.
Notwithstanding the preceding sentence, unless previously satisfied, the Company
shall retain a number of Shares issued in respect of the vested PSU that have an
aggregate Fair Market Value as of the Settlement Date equal to the amount of
such taxes required to be withheld; provided that the number of such Shares
retained shall not be in excess of the maximum amount required to satisfy the
statutory withholding tax obligations. The number of Shares to be issued in
respect of PSUs shall thereupon be reduced by the number of Shares so retained.
The method of withholding set forth in the immediately preceding sentence shall
not be available if withholding in this manner would violate any financing
instrument of the Company or any of the Subsidiaries or result in material
adverse accounting treatment for the Company as determined by the Administrator
in its sole discretion.

12.2 Notwithstanding any action the Company takes with respect to any or all
income tax, social insurance, payroll tax, or other tax-related withholding
("Tax-Related Items"), the ultimate liability for all Tax-Related Items is and
remains Participant's sole responsibility and the Company (a) makes no
representation or undertakings regarding the treatment of any Tax-Related Items
in connection with this Award, vesting or settlement of the PSUs or the
subsequent sale of any Shares, and (b) does not commit to structure the PSUs to
reduce or eliminate Participant's liability for Tax-Related Items.

13.Compliance with Law. The issuance and transfer of Shares in connection with
the PSUs shall be subject to compliance by the Company and Participant with all
applicable requirements of federal and state securities laws and with all
applicable requirements of any stock exchange on which the Shares may be listed.
No Shares of Common Stock shall be issued or transferred unless and until any
then applicable requirements of state and federal laws and regulatory agencies
have been fully complied with to the satisfaction of the Company and its
counsel.

14.Authorization to Share Personal Data. Participant authorizes the Company or
any Affiliate of the Company that has or lawfully obtains personal data relating
to Participant to divulge or transfer such personal data to the Company or to a
third party, in each case in any jurisdiction, if and to the extent reasonably
appropriate in connection with this Agreement or the administration of the Plan.

15.PSUs Subject to Plan. This Agreement is subject to the Plan. The terms and
provisions of the Plan as it may be amended from time to time are hereby
incorporated herein by reference. In the event of a conflict between any term or
provision contained herein and a term or provision of the Plan, the applicable
terms and provisions of the Plan will govern and prevail.

16.Successors and Assigns. The Company may assign any of its rights under this
Agreement. This Agreement will be binding upon and inure to the benefit of the
successors and assigns of the Company. Subject to the restrictions on transfer
set forth herein, this Agreement will be binding upon Participant and
Participant's beneficiaries, executors, administrators and the person(s) to whom
the PSUs may be transferred by will or the laws of descent or distribution.

17.Severability. The invalidity or unenforceability of any provision of the Plan
or this Agreement shall not affect the validity or enforceability of any other
provision of the Plan or this Agreement, and each provision of the Plan and this
Agreement shall be severable and enforceable to the extent permitted by law.

18.Discretionary Nature of Plan. The Plan is discretionary and may be amended,
cancelled or terminated by the Company at any time, in its discretion. The grant
of the PSUs in this Agreement does not create any contractual right or other
right to receive any PSUs or other Awards in the future. Future Awards, if any,
will be at the sole discretion of the Company. Any

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amendment, modification, or termination of the Plan shall not constitute a
change or impairment of the terms and conditions of Participant's employment
with the Company.

19.Amendment. The Administrator has the right to amend, alter, suspend,
discontinue or cancel the PSUs, prospectively or retroactively; provided,
however, that, no such amendment shall adversely affect Participant's material
rights under this Agreement without Participant's consent.

20.Section 409A. This Agreement is intended to comply with Section 409A of the
Code or an exemption thereunder and shall be construed and interpreted in a
manner that is consistent with the requirements for avoiding additional taxes or
penalties under Section 409A of the Code. Notwithstanding the foregoing, the
Company makes no representations that the payments and benefits provided under
this Agreement comply with Section 409A of the Code and in no event shall the
Company be liable for all or any portion of any taxes, penalties, interest or
other expenses that may be incurred by Participant on account of non-compliance
with Section 409A of the Code.

21.No Impact on Other Benefits. The value of Participant's PSUs is not part of
Participant’s normal or expected compensation for purposes of calculating any
severance, retirement, welfare, insurance or similar employee benefit.

22.Acknowledgments. Participant hereby acknowledges receipt of a copy of the
Plan and this Agreement. Participant has read and understands the terms and
provisions thereof and accepts this Award subject to all of the terms and
conditions of the Plan and this Agreement, including, but not limited to, the
covenants set forth in Exhibit B governing Competitive Activity. Participant
acknowledges that there may be adverse tax consequences upon the vesting or
settlement of the PSUs or disposition of the underlying Shares and that
Participant has been advised to consult a tax advisor prior to such vesting,
settlement or disposition.

23.Interpretation. The Administrator shall have full power and discretion to
construe and interpret the Plan (and any rules and regulations issued
thereunder) and this Award. Any determination or interpretation by the
Administrator under or pursuant to the Plan or this Award shall be final and
binding and conclusive on all persons affected hereby.

24.Waiver of Jury Trial. The Company and Participant each hereby waives, to the
fullest extent permitted by applicable law, any right the Company or Participant
may have to a trial by jury in respect of any suit, action or proceeding arising
out of this Agreement or any transaction contemplated hereby. The Company and
Participant each (a) certifies that no representative, agent or attorney of any
other party has represented, expressly or otherwise, that such other party would
not, in the event of litigation, seek to enforce the foregoing waiver and (b)
acknowledges that each party has been induced to enter into the Agreement by,
among other things, the mutual waivers and certifications in this section.

25.Forfeiture. Except as otherwise set forth in Exhibit B, the PSUs granted
hereunder (and any Shares received, and gains earned or accrued in connection
therewith) shall be subject to potential cancellation, recoupment, rescission,
payback or other action in accordance with the terms of the Company’s clawback
policy, as it may be amended from time to time (the “Policy”). The Participant
hereby appoints the Company as the Participant’s attorney-in-fact to take such
actions as may be necessary or appropriate to effectuate the Policy.

26.Acceptance of Agreement. Participant has indicated Participant’s consent and
acknowledgement of the terms of this Agreement pursuant to the instructions
provided to Participant by or on behalf of the Company. Participant acknowledges
receipt of the Plan, represents to the Company that Participant has read and
understood this Agreement and the Plan, and, as an express condition to the
grant of the PSUs under this Agreement, agrees to be bound by the terms of both
this Agreement (including, but not limited to, the covenants set forth in
Exhibit B governing Competitive Activity) and the Plan. Participant and the
Company each agrees and acknowledges that the use of electronic media
(including, without limitation, a clickthrough button or checkbox on a website
of the Company or a third-party administrator) to indicate Participant’s
confirmation, consent, signature, agreement and delivery of this Agreement and
the PSUs is legally valid and has the same legal force and effect as if
Participant and the Company signed and executed this Agreement in paper form.
The same use of electronic media may be used for any amendment or waiver of any
provision of this Agreement.

*    *    *

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SiteOne Landscape Supply, Inc.
Form of Performance Stock Unit Agreement

EXHIBIT A
PERFORMANCE GOALS

PSUs shall be earned based on 3-year relative EBTA growth and absolute ROIC. The
Company’s EBTA shall be measured relative to the Peers plus the BICs. Relative
performance shall be measured using the 12 most recent quarters reported as of
the end of the Performance Cycle (as reported after all Form 10-K Annual Reports
have been filed by the Peers reporting theirs results for such period). Absolute
ROIC performance shall be measured over the Performance Cycle. Actual PSUs
earned, if any, shall range from 0% to 200% of the Target Award based upon
performance relative the Performance Goals. One hundred percent (100%) of the
Company’s EBTA growth shall be measured relative to the Peers plus BIC. The
3-year average ROIC shall modify (plus/minus 20%) the PSUs earned for EBTA
growth for performance above or below the range set forth in this Exhibit.
Performance within the target range for ROIC set forth in this Exhibit shall
have zero impact on PSUs earned for EBTA growth. Earned PSUs on EBTA growth
shall be capped at 100% of the Target Award if absolute EBTA growth is negative.
The ROIC modifier shall not result in a payout which exceeds 200% of the Target
Award.
For purposes of this Award, the following terms shall have the following
meanings:
“BICs” shall mean the five best-in-class distributors set forth in Schedule 1 to
this Exhibit.
“EBTA” shall mean the generally accepted accounting principles (GAAP) pre-tax
income, adjusted to exclude unusual and infrequent non-operating items,
including, but not limited to, merger and related restructuring charges,
goodwill impairments, gain/loss on sale of assets, gain/loss on sale of
investments, insurance settlements and legal settlements, as reported in the
financial statements, plus amortization.  In determining the magnitude and
appropriateness of such adjustments, the Administrator may utilize data sourced
from a third-party financial data vendor for both the Company’s performance and
the performance of the Peers.
“Peers” shall mean the 17 benchmarking peers set forth in Schedule 1 to this
Exhibit.
“ROIC” shall mean the annual percentage return on invested capital calculated as
follows:
ROIC = (Annual EBITA) / (Average Net Assets for the year)
EBITA = earnings before interest, taxes and amortization
Net Assets = Shareholder Equity + Net Debt (Net Debt = Debt + Capital Leases -
Cash)
Average is the average for the 4-reporting quarter that fiscal year.
•
Annual ROIC shall be independently calculated for each of the three years during
the Performance Cycle.

•
Three annual ROIC values shall then be averaged to calculate average ROIC over
the Performance Cycle to determine if the modifier shall have an impact.

“Performance goals” shall mean:
Perf. Level
Relative EBTA Growth
% Target Award
Perf. Level
Avg. ROIC
Modifier to PSUs Earned based on Relative EBTA Growth*
Maximum
>=75th percentile
200%
Above Target
>20%
+20%
Target
50th percentile
100%
Target
12%-20%
0%
Threshold
25th percentile
50%
Below Target
<12%
-20%
<Threshold
<25th percentile
0%
 
 
 

•
Payout on EBTA growth performance capped at 100% of target if Company’s absolute
EBTA growth is negative.

•
Payout for performance between levels noted above shall be determined using
straight-line interpolation.

•
Total payout shall be capped at 200% of target.

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Footnotes (for EBTA calculations):
1.
Source: Standard & Poor's Capital IQ or other third-party financial database

2.
Growth rates calculated as a 3-year cumulative compound annual growth rate
(CAGR) such that growing the base year by the CAGR for each of the three years
results in the sum of 3-year cumulative performance (i.e., all three years are
included, not just the base and ending year)

3.
Cumulative negative actual performance off of a positive base year shown as
-100%

4.
Any Peer or BIC company that (a) does not have 4-years of data or growth is not
calculable due to a negative base year, shall be excluded from the percentile
calculations, (b) is acquired by another company, including through a management
buy-out or going-private transaction, will no longer be considered a Peer or BIC
company for the Performance Cycle, (c) files a petition for reorganization under
Chapter 11 of the U.S. Bankruptcy Code or liquidation under Chapter 7 of the
U.S. Bankruptcy Code will remain a Peer or BIC company but EBTA for such company
will be deemed to be -100% growth, and (d) does not file its Form 10-K or 10-Q,
as applicable, within three months of the Company’s fiscal year end will no
longer be considered a Peer or BIC company for the Performance Cycle.

*    *    *

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SiteOne Landscape Supply, Inc.
Form of Performance Stock Unit Agreement

EXHIBIT A
PERFORMANCE GOALS
SCHEDULE 1
PEERS AND BIC

Advanced Drainage Systems, Inc.
Applied Industrial Technologies, Inc.
Beacon Roofing Supply, Inc.
BMC Stock Holdings, Inc.
Central Garden & Pet Company
DXP Enterprises, Inc.
Eagle Materials Inc.
Fastenal Company*
GMS Inc.
H&E Equipment Services, Inc.
HD Supply Holdings, Inc.*
Installed Building Products, Inc.
Kaman Corporation
MSC Industrial Direct Co., Inc.
Pool Corporation
Summit Materials, Inc.
The Scotts Miracle-Gro Company
TopBuild Corp.
Univar Inc.*
W.W. Grainger, Inc.*
Watsco, Inc.
WESCO International, Inc.*
______________________________________________________________________________
*BICs.

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SiteOne Landscape Supply, Inc.
Form of Performance Stock Unit Agreement

EXHIBIT B
RESTRICTIVE COVENANTS

All section references in this Exhibit B shall refer to the designated
section(s) of this Exhibit B.
Section 1 Confidential Information. Except as otherwise provided in Section 5,
Participant agrees not to disclose, divulge, publish, communicate, publicize,
disseminate or otherwise reveal, either directly or indirectly, any Confidential
Information to any person, natural or legal, except as required in the
performance of Participant’s authorized employment duties to the Company. For
the avoidance of doubt, Participant’s duty to hold the Confidential Information
in confidence as set forth in this Section 1 shall remain in effect until the
Confidential Information no longer qualifies as Confidential Information or
until the Company provides written notice to Participant releasing Participant
from such duty, whichever occurs first. The term “Confidential Information”
means all information not generally known to the public in any form relating to
the past, present or future business affairs of the Company or any of its
Subsidiaries, including without limitation: all business plans and marketing
strategies; information concerning existing and prospective markets, suppliers
and customers; financial information; information concerning the development of
new products and services; and technical and non-technical data related to
software programs, design, specifications, compilations, inventions,
improvements, patent applications, studies, research, methods, devices,
prototypes, processes, procedures and techniques. Such Confidential Information
includes all such information of the Company or a person not a party to this
Agreement whose information the Company has in its possession under obligations
of confidentiality, which is disclosed by the Company to Participant or which is
produced or developed while Participant is an employee or director of the
Company. “Confidential Information” shall also include trade secrets (as defined
under applicable law) as well as information that does not rise to the level of
a trade secret and includes information that has been entrusted to the Company
by a third party under an obligation of confidentiality. The term “Confidential
Information” shall not include any information of the Company which (i) becomes
publicly known through no wrongful act of Participant, (ii) is received from a
person not a party to this Agreement who is free to disclose it to Participant,
or (iii) is lawfully required to be disclosed to any governmental agency or is
otherwise required to be disclosed by law, subpoena or court order but only to
the extent of such requirement, provided that before making such disclosure
Participant shall give the Company an adequate opportunity to interpose an
objection or take action to assure confidential handling of such information.
Section 2 Return of Company Property. Participant acknowledges that all tangible
items containing any Confidential Information or any other proprietary
information of the Company or any of its Subsidiaries, including without
limitation memoranda, photographs, records, reports, manuals, drawings,
blueprints, prototypes, notes, documents, drawings, specifications, software,
media and other materials, including any copies thereof (including
electronically recorded copies), are the exclusive property of the Company and
its Subsidiaries, and Participant shall deliver to the Company all such material
in Participant’s possession or control upon the Company’s request and in any
event upon the termination of Participant’s employment with the Company.
Participant shall also return any keys, equipment, identification or credit
cards, or other property belonging to the Company or its Subsidiaries upon
termination of Participant’s employment or the Company’s request.
Section 3 Non-competition and Non-solicitation.
1.Participant agrees that during Participant’s employment with the Company,
Participant will not, directly or indirectly: (i) as an employee, consultant,
owner, officer, director, manager, operator, or controlling person (including
indirectly through a debt or equity investment), provide to a Competing Business
services of the same or similar type provided by Participant to the Company
during Participant’s employment with the Company; (ii) solicit, recruit, aid or
induce any employee of the Company or its Subsidiaries to leave his or her
employment with the Company or its Subsidiary in order to accept employment with
or render services to another person or entity unaffiliated with the Company or
its Subsidiaries; (iii) solicit, aid, or induce any customer of the Company or
its Subsidiaries to purchase goods or services then sold by the Company or its
Subsidiaries from another person or entity, or assist or aid any other person or
entity in identifying or soliciting any such customer, or (iv) otherwise
interfere with the relationship of the Company or any of its Subsidiaries with
any of its employees, customers, agents, representatives or suppliers.
2.Participant agrees that during the 18-month period following the date on which
Participant’s employment with the Company terminates for any reason (the
“Non-compete Period”), Participant will not directly or indirectly, as an
employee, consultant, owner, officer, director, manager, operator, or
controlling person (including indirectly through a debt or equity investment),
provide a Competing Business anywhere in the Territory services of the same or
similar type provided by Participant to the Company within 2 years of the
termination of Participant’s employment with the Company. Notwithstanding
anything to the contrary in the preceding sentence, (i) if Participant’s
employment terminates for any reason within the 1-year period following a Change
in Control, the Non-compete Period shall be a 12-month period, and (ii) this
Section 3.2 shall not apply if Participant’s employment is terminated by the
Company without Cause. The term “Competing Business” means the sale or
distribution of landscaping or irrigation products or supplies. The term
“Territory” means those states, cities, and other regions of the United States,
Canada, and any other country within which Participant had substantial
responsibilities while employed by the Company.

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For the avoidance of doubt, if Participant is a senior officer of the Company,
the restriction contained herein shall relate to all of the businesses of the
Company and its Subsidiaries.
3.Participant agrees that during the 18-month period following the date on which
Participant’s employment with the Company terminates for any reason, Participant
will not, directly or indirectly, on Participant’s own behalf or on behalf of
another, or in assistance or aid of another: (i) solicit, recruit, aid or induce
any employee of the Company or its Subsidiaries to leave his or her employment
with the Company or its Subsidiaries in order to accept employment with or
render services to another person or entity unaffiliated with the Company or its
Subsidiaries, (ii) solicit, aid, or induce any customer of the Company or its
Subsidiaries, with whom Participant had material contact during the 2-year
period prior to the date of termination of Participant’s employment with the
Company, to purchase goods or services then sold by the Company or its
Subsidiaries from another person or entity, or assist or aid any other person or
entity in identifying or soliciting any such customer, or (iii) otherwise
interfere with the relationship of the Company or any of its Subsidiaries with
any of its employees, customers, agents, representatives or suppliers with whom
Participant had material contact during the 2-year period prior to the date of
termination of Participant’s employment with the Company.
4.For the avoidance of doubt, Participant’s agreement to the covenants set forth
in Sections 3.2 and 3.3 of this Exhibit B are not a condition of continued
employment with the Company; rather, agreement to these covenants is a condition
of Participant’s participation in the Plan. With respect to any Participant who
primarily resides or works in California at the time of his or her execution of
this Agreement or at the time of his or her termination of employment from the
Company, the provisions of Sections 3.2 and 3.3 of this Exhibit B will not
apply.
Section 4 Remedies.
1.The Company and Participant agree that the provisions of this Exhibit B do not
impose an undue hardship on Participant and are not injurious to the public;
that these provisions are necessary to protect the business of the Company and
its Subsidiaries; that the nature of Participant’s responsibilities with the
Company provide and/or will provide Participant with access to Confidential
Information that is valuable to the Company and its Subsidiaries; that the
Company would not grant this Award to Participant if Participant did not agree
to the provisions of this Exhibit B; that the provisions of this Exhibit B are
reasonable in terms of length of time and scope; and that adequate consideration
supports the provisions of this Exhibit B. In the event that a court determines
that any provision of this Exhibit B is unreasonably broad or extensive,
Participant agrees that such court should narrow such provision to the extent
necessary to make it reasonable and enforce the provisions as narrowed. The
Company reserves all rights to seek any and all remedies and damages permitted
under law, including, but not limited to, injunctive relief, equitable relief
and compensatory damages for any breach of Participant’s obligations under this
Exhibit B.
2.Without limiting the generality of the remedies available to the Company
pursuant to Section 4.1, if Participant, except with the prior written consent
of the Company, materially breaches the restrictive covenants contained in this
Exhibit B, Participant shall forfeit any PSU’s that vested during the 12-month
period prior to the date of termination of Participant’s employment with the
Company, and any Shares acquired on settlement of such PSU’s (including the
proceeds from the sale of any such Shares) shall be subject to clawback or
recoupment by the Company. These rights of forfeiture and recoupment are in
addition to any other remedies the Company may have against Participant for
Participant’s breach of the restrictive covenants contained in this Exhibit B.
Participant’s obligations under this Exhibit B shall be cumulative (but not
operate to extend the length of any such obligations) of any similar obligations
Participant has under the Plan, the Agreement or any other agreement with the
Company or any Affiliate.
Section 5 Protected Rights
5.1    Notwithstanding any other provision of this Agreement, nothing contained
in this Agreement limits Participant’s ability to file a charge or complaint
with the Equal Employment Opportunity Commission, the National Labor Relations
Board, the Occupational Safety and Health Administration, the Securities and
Exchange Commission or any other federal, state or local governmental agency or
commission (collectively, “Government Agencies”), or prevents Participant from
providing truthful information in response to a lawfully issued subpoena or
court order. Further, this Agreement does not limit Participant’s ability to
communicate with any Government Agencies or otherwise participate in any
investigation or proceeding that may be conducted by any Government Agency,
including providing documents or other information, without notice to the
Company.
5.2    Participant is hereby notified that under the Defend Trade Secrets Act:
(i) no individual will be held criminally or civilly liable under federal or
state trade secret law for disclosure of a trade secret (as defined in the
Economic Espionage Act) that is: (A) made in confidence to a federal, state, or
local government official, either directly or indirectly, or to an attorney, and
made solely for the purpose of reporting or investigating a suspected violation
of law; or (B) made in a complaint or other document filed in a lawsuit or other
proceeding, if such filing is made under seal so that it is not made public; and
(ii) an individual who pursues a lawsuit for retaliation by an employer for
reporting a suspected violation of the law may disclose the trade secret to the
attorney of the individual and use the trade secret information in the court
proceeding, if the individual files any document containing the trade secret
under seal, and does not disclose the trade secret, except as permitted by court
order.
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