Document:

Exhibit 10.1

 Exhibit 10.1 
 KEWAUNEE SCIENTIFIC CORPORATION 
 FISCAL YEAR 2013 

INCENTIVE BONUS PLAN 
 The
Fiscal Year 2013 Incentive Bonus Plan (the Plan) will provide for a bonus pool and bonus payouts based upon achievement of various levels of pre-tax earnings (after bonus accruals) for the year and other conditions described herein, as approved by
the Company’s Board of Directors. The Plan is proposed as a one-year plan for Fiscal Year 2013. 
 The provisions of the Plan are:

  

	1.	Eligibility of Participants to Share in the Bonus Pool 

  

	 	a.	Eligible participants of the Plan will be nominated by the President and approved by the Board of Directors, upon recommendation by the Compensation Committee. The
bonus potential percentages for each participant in the Plan will also be approved by the Board of Directors, upon recommendation by the Compensation Committee. 

 

	 	b.	Each participant will be eligible to share in the pool up to the specified percentage of his or her fiscal year 2013 base salary. 

 

	 	c.	In addition to individuals reporting directly to the President, managers fulfilling the following criteria are eligible to participate in the Plan:

  

	 	1.	Salary Grade 14 or above; 

  

	 	2.	Seniority of one year or more; 

  

	 	3.	Is not currently in another incentive plan (e.g., sales plan); 

  

	 	4.	Is a direct report to a direct report to the President; or 

  

	 	5.	Is a manager recommended by the President. 

  

	 	d.	Participants in the Plan and their applicable bonus potential percentages are shown on attached Charts IV-VII. 

 

	2.	Building of a Bonus Pool 

  

	 	a.	Operational Units  

  

	 	•	 	 The operational units (Statesville Operations, Healthcare/Technical Products, and International Operations) will start to accrue pools for potential
bonus payouts once pre-tax operating earnings of each operational unit reach the amounts shown as Goal on Chart I, and maximum incentive bonus payouts will be accrued and available for payout based upon the guidelines shown on that schedule.

  
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	 	b.	Corporate Pool 

  

	 	•	 	 A pool will start accumulating once pre-tax earnings reach the amounts shown as Goal on Chart I, and maximum bonus payouts will be accrued and
available for payout based upon the guidelines shown on that schedule. 

  

	3.	Bonus Payout Conditions 

  

	 	a.	If the Company achieves pre-tax earnings less than the amounts shown as Goal on Chart I, no awards will be paid to any corporate employee with that goal, except at the
discretion of the Board of Directors, upon recommendation by the Compensation Committee. 

  

	 	b.	If an operational unit achieves pre-tax earnings less than the amounts shown for it as Goal on Chart I, no awards will be paid to its employees except at the discretion
of the Board of Directors, upon recommendation by the Compensation Committee. 

  

	 	c.	All participants will earn their awards dependent on their operational unit’s performance and their individual MBO performance. 

 

	 	d.	Beginning with the achievement of Goal, the bonus potential percentage for each participant is linear between each goal with the corresponding increase in pre-tax
earnings, up to the individual’s maximum bonus potential percentage. 

  

	 	e.	Positive or negative financial adjustments outside the control of management (such as, but not limited to, proceeds from insurance claims, gains or losses from the sale
of capital assets, adoption of new generally accepted accounting pronouncements, etc.) will be assessed by the Board of Directors and the pre-tax earnings under the Plan may be adjusted for these items. 

 

	 	f.	Any portion of the bonus pool not awarded to participants will be retained by the Company. 

 

	 	g.	If a participant transfers between performance entities during the year, his or her incentive compensation will be based on the performance of the respective entities
on a pro rata basis from his or her transfer date as determined by the President. 

  

	 	h.	A participant must be an employee of the Company on the last day of the plan year (April 30) to be eligible to receive a bonus. In unusual circumstances, however,
the Board of Directors, upon recommendation by the Compensation Committee, may grant a discretionary bonus. 

  

	 	i.	The Board of Directors, upon recommendation by the Compensation Committee, may approve the pro rata participation of a participant who joins the Company or who is
appointed to a key position within the Company after the outset of the Plan year, with a pro rata increase in the bonus pool. 

  
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	4.	Participant’s Bonus Potential 

 Each participant’s bonus potential will be comprised of the following: 
  

	 	a.	A Fixed Bonus equal to 75% of each participant’s bonus potential will be based on achievement of corporate or divisional pre-tax earnings goals, as set forth in
the Plan, and 

  

	 	b.	A Discretionary Bonus up to the remaining 25% of each participant’s bonus potential will be calculated, taking into account the participant’s MBO achievements
and other relevant factors during the year. The discretionary portion of each participant’s bonus will take into account the participant’s achievement of management goals established, and weighted, in June 2012, and approved by the
President. The degree of achievement of these goals will be recommended by each participant’s manager immediately subsequent to April 30, 2013, and the discretionary bonus, if any, will then be determined and awarded at the discretion of
the Board of Directors, upon recommendation by the President and the Compensation Committee. 

  

	5.	The Plan may be amended at any time by the Board of Directors. 

  

	6.	Upon occurrence of a Change of Control, as such term is defined in the Company’s 2008 Key Employee Stock Option Plan, the Fiscal Year 2013 Incentive Bonus Plan
will terminate as of that date, and the performance bonus for each participant under such plan is calculated giving consideration to the level of year-to-date pretax earnings for the operational unit through the most recent month-end as compared to
the operations pretax earnings goals through the most recent month-end, with such bonus amount prorated based on the percentage of the performance period passed before the Change of Control and after giving consideration of each participant’s
performance of their individual MBOs as described in the Plan. The year-to-date pretax earnings shall exclude the positive or negative impact of any financial adjustments related to the Change of Control. A participant must be an employee of the
Company as of the date of the Change of Control, but need not be an employee of the Company on the last day of the Plan Year (April 30). 

  
 Page - 5Form of Restricted Stock Unit Agreement

 Exhibit 10.2 

 

 COMARCO, INC. 

2011 EQUITY INCENTIVE PLAN 
  

 
 Restricted
Stock Unit Award Agreement 
  
  

You (the “Participant”) are hereby awarded Restricted Stock Units (the “Award”) subject to the terms and conditions set
forth in this Restricted Stock Unit Award Agreement (“the Award Agreement”) and in the Comarco, Inc. 2011 Equity Incentive Plan (the “Plan”). By executing this Award Agreement, you agree to be bound by all of the
Plan’s terms and conditions as if they had been set out verbatim in this Award Agreement. In addition, you recognize and agree that all determinations, interpretations, or other actions respecting the Plan and this Award Agreement will be made
by the Committee and shall be final, conclusive and binding on all parties, including you and your successors in interest. All terms herein that begin with initial capital letters and not herein defined have the same meaning defined in the Plan,
unless the context clearly requires otherwise. 
 1. Specific Terms. Certain terms of your Award are as
follows: 
  

			
	 Name of Participant
	 	
	 Number of Restricted Share Units Subject to Award
	 	
	 Grant Date
	 	

 2. Vesting. Your Award shall vest and become non-forfeitable on ____. 

Your right to receive shares pursuant to this Award terminates upon ____________. 
 Notwithstanding the above, the vesting of your Award shall Accelerate with respect to any previously non-vested shares of Stock and become fully vested and non-forfeitable immediately prior to the
consummation of an Acquisition or upon such other circumstances that the Board may determine in its sole discretion. If your Award (or any portion thereof) does not become vested and non-forfeitable pursuant to this paragraph 2, then the Award
(or such portion which has not vested) shall be forfeited. 
 3. Dividends. At the discretion of the Committee,
pursuant to Section 7.4 (b) of the Plan you may be entitled to receive payments equivalent to any dividends declared with respect to shares of Stock underlying your Restricted Stock Units between the Grant Date and the date such shares are
delivered to you, but only following the vesting of such shares. 
 4. Satisfaction of Vesting Restrictions. No
shares of Stock will be issued before you complete the requirements that are necessary for you to vest in the shares underlying your Restricted Stock Units. As soon as practicable after the date on which your Award vests in whole or in part, but no
later than the 15th day of the third month following the calendar year in which vesting occurs, the Company will issue to you, free from vesting restrictions (but subject to such legends as the Company determines to be appropriate), one share of
Stock for each vested Restricted Stock Unit. Fractional shares will not be issued, and cash shall be paid in lieu thereof. Certificates shall not be delivered to you unless you have made arrangements satisfactory to the Committee to satisfy
tax-withholding obligations. 
 5. Severability. Every provision of this Award Agreement is intended to be
severable, and if any provision of this Award Agreement is held by a court of competent jurisdiction to be invalid and unenforceable, the remaining provisions shall continue to be fully effective. 

 6. Notices. Any notice or communication required or permitted to be given by
any provision of this Award Agreement to you shall be in writing and shall be delivered personally or sent by certified mail, return receipt requested, addressed to you at the last address that the Company had for you on its records. Each party may,
from time to time, by notice to the other party hereto, specify a new address for delivery of notices relating to this Award Agreement. Any such notice shall be deemed to be given as of the date such notice is personally delivered or properly
mailed. 
 7. Binding Effect. Every provision of this Award Agreement shall be binding on and inure to the benefit
the parties’ respective heirs, legatees, legal representatives, successors, transferees, and permitted assigns. Transferability and assignability of this Award and Award Agreement are limited as provided for in Section 6.4 of the Plan.

 8. Headings. Headings shall be ignored in interpreting this Award Agreement. 

9. Counterparts. This Award Agreement may be executed by the parties hereto in separate counterparts, each of which
when so executed and delivered shall be an original, but all such counterparts shall together constitute the same instrument. 

10. Plan Governs. By signing this Award Agreement, you acknowledge that you have received a copy of the Plan and
that your Award is subject to all the provisions contained in the Plan, the provisions of which are made a part of this Award Agreement and your Award is subject to all interpretations, amendments, rules and regulations which from time to time may
be promulgated and adopted pursuant to the Plan. In the event of a conflict between the provisions of this Award Agreement and those of the Plan, the provisions of the Plan shall control. Nothing in this Award Agreement shall be deemed to create in
any way whatsoever any obligation on the part of the Company to nominate you as a director or otherwise support your continued service as a director. 
 11. Taxes. By signing this Award Agreement, you acknowledge that you shall be solely responsible for the satisfaction of any federal, state, province, local or foreign taxes that may arise
in connection with this Award Agreement (including any taxes arising under Sections 409A or 4999 of the Code), except to the extent otherwise specifically provided in a written agreement with the Company. As a condition to the issuance of shares of
Stock pursuant to this Award Agreement and the Plan, you (or in the case of your death, the person who succeeds to your rights) or your permitted transferees or permitted assigns shall make such arrangements as the Company may require for the
satisfaction of any applicable federal, state, province, local or foreign withholding tax obligations that may arise in connection with the issuance of the shares of Stock. The Company shall not be required to issue any shares until such obligations
are satisfied. Neither the Company nor any of its employees, officers, directors, or service providers shall have any obligation whatsoever to pay such taxes, to prevent you from incurring them or to mitigate or protect you from any such tax
liabilities. 
 [signature page follows] 

 BY YOUR SIGNATURE BELOW, along with the signature of the Company’s
representative, you and the Company agree that the Restricted Stock Units are awarded under and governed by the terms and conditions of this Award Agreement and the Plan. 

 

			
	COMARCO, INC.
		
	By:	 	 
		 	Name:
		 	Title:

 The undersigned Participant hereby accepts the terms of this Award Agreement and the Plan.

  

			
		
	By:	 	 

  

			
		
	Name of Participant:

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