Document:

Exhibit 10.b.i

 Exhibit 10.b.i 
 MASCO CORPORATION 
 TERMS
AND CONDITIONS OF 
 RESTRICTED STOCK
AWARDS GRANTED PURSUANT TO THE 

NON-EMPLOYEE DIRECTORS EQUITY PROGRAM (AMENDED
JULY 2012) 
 UNDER THE 

MASCO CORPORATION 2005 LONG TERM STOCK
INCENTIVE PLAN 
 These Terms and Conditions apply to an award to you of restricted stock (the
“Grant”) by the Board of Directors (the “Board”) of Masco Corporation. The grant date, number of shares and vesting dates (“Grant Information”) are set forth under “Restricted Awards Detail & History”
located under the “Grants & Awards” tab, and are incorporated herein by reference. By pressing “Acknowledge Grant” and “I agree” you agree to accept the Grant, and you voluntarily agree to these Terms and
Conditions and the provisions of the Non-Employee Directors Equity Program (Amended July 2012) and the 2005 Long Term Stock Incentive Plan (the Program and the Plan are referred to collectively as the “Plan”), and acknowledge that:

  

	 	•	 	 You have read and understand these Terms and Conditions, and are familiar with the provisions of the Plan. 

 

	 	•	 	 You have received or have access to all of the documents referred to in these Terms and Conditions. 

 

	 	•	 	 All of your rights to the Grant are embodied in these Terms and Conditions and in the Plan, and there are no other commitments or understandings
currently outstanding with respect to any other grants of options, restricted stock, phantom stock or stock appreciation rights, except as may be evidenced by agreements duly executed by you and Masco Corporation. 

 

	 	•	 	 In the case of a Change in Control as defined in the Plan, the provisions of subsections 7(f)(ii)(A) and 7(f)(ii)(B) of the 2005 Long Term Stock
Incentive Plan (which describe the Excise Tax Adjustment Payment, or “tax gross-up”) shall be inoperative and unavailable with respect to any rights to shares or to any payments which may occur as a result of accelerated vesting or
otherwise, for the shares which are the subject of this Grant, and under no circumstances shall there be made any Excise Tax Adjustment Payment or similar tax gross-up payment with respect to the shares which are the subject of this Grant following
any Change in Control. 

 Masco Corporation (the “Company”) and you agree that all of the terms and
conditions of the Grant (including the Grant Information) are set forth in these Terms and Conditions and in the Plan. These Terms and Conditions together with the Grant Information constitute your restricted stock award agreement (the
“Agreement”). Please read these documents and the related prospectus carefully. Copies of the Plan and the prospectus as well as the Company’s latest annual report to stockholders and proxy statement are available in the
“Documents” section of http://www.cpushareownerservices.com. 
 Certificates for the shares of stock evidencing
the Restricted Shares (as defined in the Plan) will not be issued but the shares will be registered in your name in book entry form promptly after your acceptance of this award. You will be entitled to vote and receive any cash

 
dividends (net of required tax withholding) on the Restricted Shares, but you will not be able to obtain a stock certificate or sell, encumber or otherwise transfer the shares except in
accordance with the Plan. 
 Provided since the date of the Grant you have continuously served as an Eligible Director, as
hereinafter defined, the restrictions on the shares will lapse in installments until all shares are free of restrictions in each case based on the initial number of shares. An Eligible Director is any Director of the Company who is not an employee
of the Company and who receives a fee for services as a Director. If your term as an Eligible Director should be terminated by reason of your death or permanent and total disability, or if following retirement from your term as an Eligible Director
you thereafter die, the restrictions on all Restricted Stock will lapse and your rights to the shares will become vested on the date of such termination or death. If your term as an Eligible Director terminates by reason of retirement on or after
normal retirement age as specified in the Company’s Corporate Governance Guidelines, the restrictions contained in the Grant shall continue to lapse in the same manner as though your term had not terminated. If your term as an Eligible Director
is terminated for any reason other than death or permanent and total disability or retirement on or after normal retirement age as specified in the Company’s Corporate Governance Guidelines, while restrictions remain in effect, the Restricted
Stock that has not vested shall be automatically forfeited and transferred back to the Company; provided, however, that a pro rata portion of the Restricted Stock which would have vested on May 15 of the year following the year of such
termination shall vest on the date of termination, based upon the portion of the year between annual vesting dates during which you served as an Eligible Director of the Company. 
 You agree not to engage in certain activities. 
 Notwithstanding the
foregoing, if at any time you engage in an activity following your termination of service which in the sole judgment of the Board is detrimental to the interests of the Company, a subsidiary or affiliated company, all Restricted Shares for which
restrictions have not lapsed will be forfeited to the Company. You acknowledge that such activity includes, but is not limited to, “Business Activities” (as defined below). 

In addition you agree, in consideration for the Grant, and regardless of whether restrictions on shares subject to the Grant have lapsed,
while you are a Director of the Company and for a period of one year following any termination of your term as a Director of the Company, other than a termination following a Change in Control (as defined in the Plan), not to engage in, and not to
become associated in a “Prohibited Capacity” (as hereinafter defined) with any other entity engaged in, any Business Activities and not to encourage or assist others in encouraging any employee of the Company or any of its subsidiaries to
terminate employment or to become engaged in any such Prohibited Capacity with an entity engaged in any Business Activities. “Business Activities” shall mean the design, development, manufacture, sale, marketing or servicing of any product
or providing of services competitive with the products or services of the Company or any subsidiary at any time while the Grant is outstanding, to the extent such competitive products or services are distributed or provided either (1) in the
same geographic area as are such products or services of the Company or any of its subsidiaries, or (2) to any of the same customers as such products or services of the Company or any of its subsidiaries are distributed or provided.
“Prohibited Capacity” shall mean being associated with an entity as a director, employee, consultant, investor or another capacity where (1) confidential 

  
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business information of the Company or any of its subsidiaries could be used in fulfilling any of your duties or responsibilities with such other entity, or (2) an investment by you in such
other entity represents more than 1% of such other entity’s capital stock, partnership or other ownership interests. 

Should you either breach or challenge in judicial, arbitration or other proceedings the validity of any of the restrictions contained in
the preceding paragraph, by accepting this Grant you agree, independent of any equitable or legal remedies that the Company may have and without limiting the Company’s right to any other equitable or legal remedies, to pay to the Company in
cash immediately upon the demand of the Company (1) the amount of income realized for income tax purposes from this Grant, net of all federal, state and other taxes payable on the amount of such income, but only to the extent such income is
realized from restrictions lapsing on shares on or after your termination of your term as a Director of the Company or within the two year period prior to the date of such termination, plus (2) all costs and expenses of the Company in any
effort to enforce its rights under this or the preceding paragraph. The Company shall have the right to set off or withhold any amount owed to you by the Company or any of its subsidiaries or affiliates for any amount owed to the Company by you
hereunder. 
 You agree to the application of the Company’s Dispute Resolution Policy. 

Section 3 of the Plan provides, in part, that the Committee appointed by the Board to administer the Plan shall have the authority to
interpret the Plan and Grant agreements, and decide all questions and settle all controversies and disputes relating thereto. It further provides that the determinations, interpretations and decisions of the Committee are within its sole discretion
and are final, conclusive and binding on all persons. In addition, you and the Company agree that if for any reason a claim is asserted against the Company or any of its subsidiaries or affiliated companies or any officer, employee or agent of the
foregoing (other than a claim involving non-competition restrictions or the Company’s, a subsidiary’s or an affiliated company’s trade secrets, confidential information or intellectual property rights) which (1) is within the
scope of the Company’s Dispute Resolution Policy (the terms of which are incorporated herein, as it shall be amended from time to time); (2) subverts the provisions of Section 3 of the Plan; or (3) involves any of the provisions
of the Agreement or the Plan or the provisions of any other restricted stock awards or option or other agreements relating to Company Common Stock or the claims of yourself or any persons to the benefits thereof, in order to provide a more speedy
and economical resolution, the Dispute Resolution Policy shall be the sole and exclusive remedy to resolve all disputes, claims or controversies which are set forth above, except as otherwise agreed in writing by you and the Company. It is our
mutual intention that any arbitration award entered under the Dispute Resolution Policy will be final and binding and that a judgment on the award may be entered in any court of competent jurisdiction. Notwithstanding the provisions of the Dispute
Resolution Policy, however, the parties specifically agree that any mediation or arbitration required by this paragraph shall take place at the offices of the American Arbitration Association located in the metropolitan Detroit area or such other
location in the metropolitan Detroit area as the parties might agree. The provisions of this paragraph: (a) shall survive the termination or expiration of this Agreement, (b) shall be binding upon the Company’s and your respective
successors, heirs, personal representatives, designated beneficiaries and any other person asserting a claim based upon the Agreement, (c) shall supersede the provisions of any prior agreement between you and the Company with respect to any of
the Company’s option, restricted stock or other stock-based incentive plans to 

  
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the extent the provisions of such other agreement requires arbitration between you and the Company, and (d) may not be modified without the consent of the Company. Subject to the exception
set forth above, you and the Company acknowledge that neither of us nor any other person asserting a claim described above has the right to resort to any federal, state or local court or administrative agency concerning any such claim and the
decision of the arbitrator shall be a complete defense to any action or proceeding instituted in any tribunal or agency with respect to any dispute. 
 You agree to comply with applicable tax requirements and to provide information as requested. 
 You agree to comply with the requirements of applicable federal and other laws with respect to withholding or providing for the payment of required taxes. You also agree to promptly provide such
information with respect to shares acquired pursuant to the Grant, as may be requested by the Company or any of its subsidiaries or affiliated companies. 
 This Agreement shall be governed by and interpreted in accordance with Michigan law. 
 The headings set forth herein are for information purposes only and are not a substantive part of these Terms and Conditions. 

  
 4EX-10.b.ii

 Exhibit 10.b.ii 

MASCO CORPORATION 
 NON-EMPLOYEE DIRECTORS EQUITY PROGRAM 
 UNDER THE 2005 LONG TERM STOCK
INCENTIVE PLAN 
 (Amended July 2012) 
 For purposes of the Masco Corporation (the “Company”) Non-Employee Directors Equity Program (the “Program”), an “Eligible Director” is any Director of the
Company who is not an employee of the Company and who receives a fee for services as a Director. Terms not defined herein have the meaning given to them in the Company’s 2005 Long Term Stock Incentive Plan, as amended from time to time (the
“Plan”). 
 Section 1. Restricted Stock Award 

(a)     (i) Eligibility for Award. On the date of each of the Company’s annual stockholders’ meetings
(the “Annual Meeting”), each person who is or becomes an Eligible Director at such meeting and whose service on the Board is expected to continue following such meeting shall be granted an Award of Restricted Stock. 

(ii) Amount of Award. The amount of the Award of Restricted Stock shall be equal to one-half of the annual retainer then paid to
non-employee Directors as compensation for their service as a Director, disregarding any retainer provided as compensation for service on a Board committee or as Chair of a Board committee (the “Annual Retainer”); provided,
however, that the amount of an Award of Restricted Stock granted to any Eligible Director who began serving as a Director other than at an Annual Meeting shall be prorated to reflect the partial service provided by such Eligible Director in
the period between Annual Meetings. If an Eligible Director begins serving as a Director after the date of an Annual Meeting, Awards of Restricted Stock granted hereunder shall be granted on the date of the first meeting of the Corporate Governance
and Nominating Committee that takes place after such Eligible Director is first elected or appointed to the Board, and such Awards shall be pro-rated as provided above. 
 (iii) Adjustment to Amount or Terms of Award. The Board shall have sole discretion to adjust the amount of the Annual Retainer to be paid in the form of Shares and the terms of any such Award of
Shares. Except as the Board may otherwise determine, any increase or decrease in an Eligible Director’s Annual Retainer during a period with respect to which such Eligible Director has already been granted an Award of Restricted Stock shall be
implemented by increasing or decreasing the cash portion of such Eligible Director’s Annual Retainer. 
 (b) Each Award of
Restricted Stock granted hereunder shall vest with respect to one-third of the Shares underlying such Award (disregarding fractional shares) on May 15 of each of the three consecutive calendar years following the year in which such Award is
granted, subject to clauses (e) through (h) below. 
 (c) The price of the Shares used in determining the number of
Shares subject to an Award of Restricted Stock granted hereunder shall be the fair market value of the Shares as determined by the Board on the date that such Award is granted. If the date that an Award would otherwise be granted in accordance with
Section 1(a) falls within seven days prior to the release of the Company’s quarterly or annual financial results, such an Award will instead be granted on the second market trading day following the date on which such financial results are
released. 

 (d) Each Eligible Director shall be entitled to vote and receive dividends on his or her
Shares of Restricted Stock, but will not be able to obtain a stock certificate or sell, encumber or otherwise transfer Shares of Restricted Stock except in accordance with the terms of the Plan. 

(e) If an Eligible Director’s term of service as a Director terminates for any reason other than as a result of death, permanent and
total disability or retirement on or after normal retirement age as set forth in the Company’s Corporate Governance Guidelines, all Shares of Restricted Stock held by such Eligible Director that remain subject to restrictions shall be forfeited
and transferred back to the Company on the date of such termination; provided, however, that any Shares of Restricted Stock that remain subject to restrictions but that would have vested on May 15 the year following the year of such
Eligible Director’s termination shall vest pro rata on the date of termination based upon that portion of the year between annual vesting dates in which the termination occurred during which such Eligible Director served as a Director.

 (f) Notwithstanding the foregoing or clause (g) below, if, following termination of service as a Director for any reason
other than death (including due to retirement), an Eligible Director continues to hold Shares of Restricted Stock, the Board, in its sole judgment, may cause all Shares of Restricted Stock that remain subject to restrictions to be forfeited and
transferred back to the Company concurrently with, or at any time following, such termination if the Board determines that such former Director has engaged in any activity detrimental to the interests of the Company, a subsidiary or an affiliated
company. 
 (g) If an Eligible Director’s term of service as a Director is terminated by reason of death or permanent and
total disability or, if following termination or retirement as a Director, a former Director dies while continuing to have rights under an Award of Restricted Stock, upon such death or termination by reason of permanent and total disability, the
restrictions contained in any such Award of Restricted Stock shall lapse. 
 (h) If an Eligible Director’s term of service
as a Director is terminated by reason of retirement on or after normal retirement age for a Director as set forth in the Company’s Corporate Governance Guidelines, the restrictions contained in any Award of Restricted Stock held by such
Eligible Director shall continue to lapse in the same manner as if his or her term of service had not terminated. 
 (i) The
provisions of Section 6(d)(v) of the Plan (“Acceleration”) shall not apply to Awards of Restricted Stock granted to Eligible Directors. 

  
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 Section 2. Non-Compete Provision 

Each Award of Restricted Stock granted hereunder shall contain a provision whereby the Award holder shall agree, in consideration for the
Award and regardless of whether restrictions on Shares of Restricted Stock have lapsed, as follows: 
 (a) While the holder is a
Director of the Company and for a period of one year following the later of the last date of vesting of any Shares or the termination of such holder’s term as a Director of the Company, other than a termination following a Change in Control,
the Award holder shall agree not to engage in, and not to become associated in a “Prohibited Capacity” (as hereinafter defined) with any other entity engaged in, any “Business Activities” (as hereinafter defined) and not to
encourage or assist others in encouraging any employee of the Company or any of its subsidiaries to terminate employment or to become engaged in any such Prohibited Capacity with an entity engaged in any Business Activities. “Business
Activities” shall mean the design, development, manufacture, sale, marketing or servicing of any product, or providing of services competitive with the products or services, of the Company or any subsidiary at any time while the Award is
outstanding, to the extent that such competitive products or services are distributed or provided either (1) in the same geographic area as are such products or services of the Company or any of its subsidiaries or (2) to any of the same
customers as such products or services of the Company or any of its subsidiaries are distributed or provided. “Prohibited Capacity” shall mean being associated with an entity as a director, employee, consultant, investor or in
another capacity where (1) confidential business information of the Company or any of its subsidiaries could be used in fulfilling any of the holder’s duties or responsibilities with such other entity, or (2) an investment by the
Award holder in such other entity represents more than 1% of such other entity’s capital stock, partnership or other ownership interests. 
 (b) Should the Award holder either breach or challenge in judicial or arbitration proceedings the validity of any of the restrictions contained in the preceding paragraph, by accepting an Award, the Award
holder shall agree, independent of any equitable or legal remedies that the Company may have and without limiting the Company’s right to any other equitable or legal remedies, to pay to the Company in cash immediately upon the demand of the
Company (1) the amount of income realized for income tax purposes from the Award, net of all federal, state and other taxes payable on the amount of such income, but only to the extent that such income is realized from restrictions lapsing on
Shares or exercises occurring, as the case may be, on or after the termination of the Award holder’s term as a Director of the Company or within the two-year period prior to the date of such termination, plus (2) all costs and expenses of
the Company in any effort to enforce its rights under this or the preceding paragraph. The Company shall have the right to set off or withhold any amount owed to the Award holder by the Company or any of its subsidiaries or affiliates for any amount
owed to the Company by the Award holder hereunder. 
 Section 3. Termination, Modification or Suspension 

The Board may terminate, modify or suspend the Program at any time as it may deem advisable. 

  
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