Exhibit 10.16

Performance Share Award Agreement

|Staples, Inc.                                                  |  |             
|-------------------------------------------------------------- |  | ------------
|Employer ID: 04-2896127
500 Staples Drive
Framingham, MA 01702 |  |             
|«FirstName» «LastName»                                         |  | EMPLOYEE ID:
|«Address1»                                                     |  | LOCATION:   
|«Address2»
«City», «State» «Zip»
«Country»                     |  |             

Staples, Inc.
("Staples") hereby agrees to award to the recipient named above (the "Recipient") on the date set forth below (the "Vesting Date") the number of shares of Common
Stock of Staples (the "Shares"), in accordance with and subject to the terms, conditions, and restrictions of this Agreement (as defined below). If the conditions described below are satisfied, such
award will be made under the terms of the Staples Amended and Restated 2004 Stock Incentive Plan, as further amended or restated from time to time (the "Plan"), on the Vesting Date.

Date of Agreement:Performance Period:

FY 20    FY 20Total Number of Shares @ Target:Vesting Date:

see section 2(b) of PSA2007


By
your acceptance of this Performance Share Award Agreement, you agree that any Shares will be awarded under and governed by the terms and conditions of the Plan and by the terms and
conditions of the Staples Performance Share Award AgreementTerms and Conditions ("PSA"), which is attached hereto (this Performance Share Award Agreement and the PSA are together referred
to as the "Agreement").

Performance
Criteria: The following Performance Criteria must be satisfied for an award of Shares to be made under this Agreement. As more fully described in PSA, the number of Shares
awarded on the Vesting Date shall be determined based on the extent to which the FY 20    FY 20    Performance Criteria are achieved. All awards of Shares require
certification of the Staples Board of Directors that the Performance Criteria have been satisfied.

|Performance Share Payout Schedule
|---------------------------------
|
|Threshold                        
|Target                           
|Maximum                          

You
understand and agree that this Agreement is being awarded to you in exchange for your execution of a Non-Compete and Non-Solicitation Agreement in a form
approved by Staples.

|Accepted by:           |  | Staples, Inc.                        
|---------------------- |  | -------------------------------------
|                       |  |                                      
|                       |  | Ronald L. Sargent                    
|«FirstName» «LastName» |  | President and Chief Executive Officer

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PERFORMANCE SHARE AWARD AGREEMENTTerms and Conditions

(a)   The
Recipient is, and has continuously been, an employee of, or a consultant to, Staples beginning with the date of this Agreement and continuing through the Vesting
Date; and

(b)   The
Performance Criteria set forth in the accompanying Performance Share Award Agreement are satisfied during the Performance Period. The Staples Board of Directors,
upon recommendation of the Compensation Committee, must determine and certify on the date of its first regularly scheduled meeting in FY 20            (generally in March) whether, and to
what
extent, the Performance Criteria have been achieved. The date on which the Board of Directors certifies that the Performance Criteria have been satisfied shall be the "Vesting Date" for purposes of
this Agreement. In making its determination, the Compensation Committee may adjust the Performance Criteria to take into account accounting changes, certain acquisitions and divestitures and related
charges, other special one-time or extraordinary gains and/or losses and other one-time or extraordinary events as permitted under the Plan; provided that the Compensation
Committee may not adjust the Performance Criteria to take into account foreign currency exchange rate fluctuations, changes in corporate tax rates or recurring store closures consistent with historic
patterns (with widespread, out of the ordinary store closures not being consistent with historic patterns).Awards of Shares will be interpolated
between the percentages set forth in the Performance Share Award Agreement under the heading "% Target Shares Earned" based on actual results. If the minimum Threshold FY
20            FY 20            Performance Criteria is not achieved during the Performance Period, no Shares will be issued
and this Agreement will be of no force or effect.

(a)   Except as provided in Section 3(b) and in Section 8, if the Recipient terminates employment with Staples prior to the
Vesting Date,
for any reason or no reason, with or without cause, no Shares will be issued and this Agreement will be of no further force or effect. In addition, no Shares will be issued pursuant to this award
during any period that the Recipient is suspended for an offense which could lead to a termination by Staples for "cause" (as defined below).

(b)   If
the Recipient (i) dies, (ii) becomes disabled (within the meaning of Section 22(e)(3) of the Internal Revenue Code), or (iii) terminates
employment after attaining age 55 and at the time of such termination of employment the sum of the years of service (as determined by Staples Board of Directors) completed by the Recipient plus the
Recipient's age is greater than or equal to 65, in each case prior to the Vesting Date, then the Recipient or his estate will nevertheless be awarded on the Vesting Date the number of Shares
determined under Section 2(b) hereof as if the Recipient were still employed on the Vesting Date.

(c)   If
(i) the Recipient's relationship with Staples is terminated by Staples for Cause (as defined below) or (ii) if the Recipient retires or resigns and
Staples determines within six months thereafter that the Recipient's conduct prior to his retirement or resignation warranted discharge for Cause, or (iii) Staples determines that the
Recipient's conduct after termination of the employment relationship fails to comply with the terms of any non-competition, non-solicitation or confidentiality provision
contained in any employment, consulting, advisory, proprietary information, non-competition, non-solicitation or other similar agreement between the Recipient and Staples,
then, without limiting any other remedy available to Staples, the Shares (and any shares issued under Section 5 hereof) shall be repurchased by Staples at a repurchase price of zero and
ownership of all right, title and interest in and to the such shares shall be forfeited and revert to Staples as of the date of such determination; or, if the Recipient no longer owns such shares at
such time, Staples shall be entitled to recover from the Recipient the gross profit earned by the Recipient upon the disposition (whether by sale, gift, donation or otherwise) of such shares.

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(a)   Changes in Capitalization.In the event of any change in capitalization of Staples, as described in
Section 9(a) of the Plan,
the Recipient shall, with respect to the Shares, be entitled to the rights and benefits, and be subject to the limitations, set forth in Section 9(a) of the Plan.

(b)   Liquidation or Dissolution.In the event of a liquidation or dissolution of Staples, this Agreement shall be
of no further force or effect and no Shares shall be awarded hereunder, provided that if such liquidation or dissolution also constitutes a Change in Control as defined in Section 8(a) hereof,
then the provisions of Section 8 and not the provisions of this Section 7(b) shall govern.

(c)   Reorganization Event.In the event of a Reorganization Event as defined in Section 9(c)(1) of the
Plan, the Recipient shall, with respect to the Shares, be entitled to the rights and benefits, and be subject to the limitations, set forth in Section 9(c) of the Plan; provided that if such
Reorganization Event also constitutes a Change in Control as defined in Section 8(a) hereof, then the provisions of Section 8 and not the provisions of this Section 7(c) shall
govern.

(d)   Board Authority to Make Adjustments.Any adjustments under this Section 7 will be made by the Board
of Directors, whose determination as to what adjustments, if any, will be made and the extent thereof will be final, binding and conclusive. No fractional shares will be issued with respect to Shares
on account of any such adjustments.

(a)   Definitions.    For purposes of this Agreement, the following terms shall have the following meanings:



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(b)   Effect of Change in Control.Notwithstanding the provisions of Section 2, if a Change in Control of
Staples occurs prior to the Vesting Date and while the Recipient is employed by Staples, then the greater of (X) a number of Shares determined as if the Target FY
20            FY 20            Performance Criteria were achieved or (Y) the number of Shares determined to be issuable
under Section 2(b) of this Agreement will be
awarded (and the corresponding shares under Section 5 hereof will be issued) if:



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(a)   Except as provided herein, this Agreement may not be amended or otherwise modified unless evidenced in writing and signed by
Staples and the
Recipient unless the Board of Directors determines that the amendment or modification, taking into account any related action, would not materially and adversely affect the Recipient.

(b)   All
notices under this Agreement shall be mailed or delivered by hand to Staples at its main office, Attn: Secretary, and to the Recipient to his or her last known
address on the employment records of Staples or at such other address as may be designated in writing by either of the parties to one another.

(c)   This
Agreement shall be governed by and construed in accordance with the laws of the State of Delaware.

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