exhibit1032






      RESTRICTED STOCK UNIT AWARD AGREEMENT  Corporation: Louisiana-Pacific Corporation, a Delaware corporation (inclusive of any  relevant Subsidiaries, “Corporation”)  Awardee: [Employee name] (“Participant”)  Plan: Louisiana-Pacific Corporation 2013 Omnibus Stock Award Plan, as  amended (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 used but 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 unit 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.    (a) Except as otherwise provided herein, the Restricted Stock Units will  become nonforfeitable and payable to Participant pursuant to Section 5 hereof having a ratable  vesting schedule of 1/3 of the award per year on the anniversary  of the Grant Date (each such  anniversary, the applicable “Vesting Date”), conditioned upon Participant’s continuous  employment with Corporation through the applicable Vesting Date.  Any Restricted Stock Units  that do not so become nonforfeitable will be forfeited, including, except as provided in this  





 






 Page 2    Section 4 below, if Participant ceases to be continuously employed by Corporation prior to the  applicable Vesting Date. For purposes of this Agreement, “continuously employed” means the  absence of any interruption or termination of Participant’s employment with Corporation.   Continuous employment shall not be considered interrupted or terminated in the case of sick leave,  military leave or any other leave of absence approved in writing by Corporation or in the case of  transfers between Corporation’s locations or places of business.  (b) Notwithstanding Section 4(a) above, if in connection with a Change of  Control, the acquiring corporation (or other successor to  Corporation, or if applicable, Corporation  itself, in the Change of Control) (collectively, and together with such entity’s subsidiaries, the  “Successor”) does not assume the Restricted Stock Units, then all the Restricted Stock Units that  have not previously become nonforfeitable or been forfeited shall become nonforfeitable as of  immediately prior to the Change of Control and payable to Participant pursuant to Section 5  hereof. Notwithstanding Section 4(a) above, if in connection with a Change of Control, the  Successor assumes the Restricted Stock Units, the Restricted Stock Units shall continue to vest as  provided in Section 4(a) and become payable to Participant pursuant to Section 5  hereof; provided, that if Participant’s employment with the Successor (i) is involuntarily  terminated within 12 months following the Change of Control for any reason other than  termination for Cause (as defined below), or (ii) is terminated by Participant for Good Reason (as  defined below) within 12 months following the Change of Control and Participant is a party to an  employment or other agreement with Corporation that provides rights to Participant upon a  termination for Good Reason, then all the Restricted Stock Units that have not previously become  nonforfeitable or been forfeited shall become nonforfeitable as of the date Participant’s  employment is terminated and shall be payable to Participant pursuant to Section 5 hereof.   





 






 Page 3    (c) Notwithstanding Section 4(a) above, if Participant experiences a  termination of employment because of Participant’s death or Disability during the period  commencing on the Grant Date and ending on the last Vesting Date, then a number of Restricted  Stock Units shall become nonforfeitable upon such death or termination of employment due to  Disability and result in payment, at the time described in Section 5, in an amount equal to (A) the  product of (i) the Restricted Stock Units that would have resulted in payment in accordance with  the terms of Section 4(a) if Participant had remained in the continuous employ of Corporation  from the Grant Date until the last Vesting Date, multiplied by (ii) a fraction (in no case greater  than 1), the numerator of which is the number of whole months from the Grant Date through the  date of such death or termination of employment due to Disability, and the denominator of which  is 36, minus (B) the number of Restricted Stock Units that have previously become nonforfeitable  or been forfeited.  (d) For purposes of this Agreement:  (i) “Cause” means unless otherwise provided in a written agreement  between Participant and Corporation, termination of Participant’s service  relationship with Participant’s employer for any of the following reasons: (A)  Participant’s willful failure to perform his or her duties and responsibilities to the  Successor; (B) Participant’s commission of any act of fraud, embezzlement or  dishonesty, or any other misconduct that has caused or is reasonably expected to  result in injury to the Successor (including, for the avoidance of doubt, reputational  harm); (C) Participant’s unauthorized use or disclosure of any proprietary  information or trade secrets of the Successor or any other party to whom Participant  owes an obligation of nondisclosure as a result of their relationship with the  





 






 Page 4    Successor; (D) Participant’s material breach of any of his or her obligations under  any written agreement or covenant with the Successor, including, without  limitation, any noncompetition obligation; (E) Participant’s commission of a felony  or other crime involving moral turpitude; or (F) Participant’s gross negligence in  connection with his or her performance of services for the Successor.  (ii) “Good Reason” will have the meaning set forth in any applicable   employment agreement or other written agreement between Participant, on the one  hand, and Corporation or the Successor, on the other hand.  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; provided, that the Administrator may  provide for a cash settlement of the equivalent value thereof in its sole and absolute discretion.   Such payment shall be made within 10 days following the date that the Restricted Stock Units  become nonforfeitable pursuant to Section 4 hereof.  (b) Except to the extent provided by Section 409A of the Code and permitted  by the Administrator, no Shares may be issued (or cash paid) to Participant pursuant to this Award  at a time earlier than otherwise expressly provided in this Agreement.  (c) Corporation’s obligations to Participant with respect to the Restricted Stock  Units will be satisfied in full upon the issuance of Shares (or payment in cash, as provided in  Section 5) corresponding to such Restricted Stock Units.  6. Restrictions on Transfer.  Subject to Section 6.6(a) of the Plan, until payment is  made to Participant as provided herein, Participant may not sell, assign, pledge, transfer, encumber  





 






 Page 5    or otherwise dispose of the Restricted Stock Units (or the Shares subject to the Restricted Stock  Units).  7. Dividend, Voting and Other Rights.  Participant will have no rights as a stockholder  with respect to the Restricted Stock Units until the time Shares have been issued in settlement of  the Restricted Stock Units as described in Section 5.  From and after the Grant Date and until the  time when the Restricted Stock Units are paid in accordance with Section 5, to the extent the  underlying Shares have not yet been forfeited by Participant, on the ex-dividend date with respect  to any cash dividend (if any) to holders of Shares generally, Participant shall be credited with  additional Restricted Stock Units approximately equal in value, as determined by the  Administrator, to such distribution.  Any Restricted Stock Units credited pursuant to the  immediately preceding sentence shall be subject to the same applicable terms and conditions  (including vesting, payment and forfeitability) as apply to the Restricted Stock Units with respect  to which they were credited, and such amounts shall be paid in Shares (or cash, as provided in  Section 5) at the same time as the Restricted Stock Units to which they relate.  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 or by delivering  to Corporation other Shares held by Participant.  If such election is made, the Shares so retained  





 






 Page 6    or delivered 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 and/or delivered 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 Corporation.  9. Miscellaneous.    (a) Compliance With Law.  Corporation shall make reasonable efforts to  comply with all applicable federal and state securities laws; provided, however, that  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 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.  





 






 Page 7    (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, nor limit or affect in any manner the right of Corporation 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 and shall not affect the amount of any life insurance  coverage available to any beneficiary under any life insurance plan covering employees of  Corporation.  (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 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 or Section 10D of the Exchange Act.  (g) Adjustments.  The Restricted Stock Units and the number of Shares issuable  for the Restricted Stock Units and the other terms and conditions of the Award evidenced by this  Agreement are subject to adjustment as provided in Article 12 of the Plan.  





 






 Page 8    (h) 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.  (i) Relation to Plan; Repayment Obligation.    (i) 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.    (ii) Notwithstanding anything in this Agreement to the contrary,  Participant acknowledges and agrees that this Agreement and the Award described  herein (and any settlement thereof) shall be subject to (A) the Corporation’s  recoupment policy, as may be in effect from time to time (the “Compensation  Recovery Policy”), and (B) the recoupment obligations described in the  Compensation Recovery Policy.   (j) 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.  





 






 Page 9    (k) 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.  (l) Acknowledgement.  Participant acknowledges that (i) a copy of the Plan has  been made available to Participant, (ii) Participant has had an opportunity to review the terms of  this Agreement and the Plan, (iii) Participant understands the terms and conditions of this  Agreement and the Plan and (iv) Participant agrees to such terms and conditions.  (m) Electronic Delivery.  Corporation may, in its sole discretion, deliver any  documents related to the Restricted Stock Units and Participant’s participation in the Plan, or future  awards that may be granted under the Plan, by electronic means or request Participant’s consent  to participate in the Plan by electronic means.  Participant hereby consents to receive such  documents by electronic delivery and, if requested, agrees to participate in the Plan through an  on-line or electronic system established and maintained by Corporation or another third party  designated by Corporation.  [signature page follows]     





 






 Page 10    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__.    Corporation: LOUISIANA-PACIFIC CORPORATION      _____________________________________  By:  [officer name]   Its:  [officer title]     Participant:        [Participant name]     32429631.4