Document:

Exhibit 4.4

 Exhibit 4.4 

FORM OF [    ] SUPPLEMENTAL INDENTURE 

[            ] SUPPLEMENTAL INDENTURE, dated as of
[            ], 20[            ] (this “[            ]
Supplemental Indenture”), between Albemarle Corporation, a Virginia corporation (the “Company”), whose principal office is located at 451 Florida Street, Baton Rouge, Louisiana 70801 and The Bank of New York Mellon
Trust Company, N.A., a national banking association, as successor to The Bank of New York (the “Original Trustee”), as trustee (the “Trustee”). 

W I T N E S S E T H 

WHEREAS, the Company and the Original Trustee have duly executed and delivered an Indenture, dated as of January 20, 2005 (the
“Indenture”), providing for the authentication, issuance, delivery and administration of unsecured notes, debentures or other evidences of indebtedness to be issued in one or more series by the Company (herein called a
“Security” or the “Securities”); and 
 WHEREAS, the Company desires to amend and supplement the
provisions of the Indenture with respect to future series of Securities issued pursuant to the Indenture; and 
 WHEREAS, Section 9.01
of the Indenture expressly permits the Company and the Trustee, subject to certain conditions, to enter into one or more supplemental indentures for the purposes, inter alia, of adding to, changing or eliminating any of the provisions of the
Indenture in respect of one or more series of Securities, and permits the execution of such supplemental indentures without the consent of the Holders of any Securities then outstanding; and 

WHEREAS, for the purposes recited above, and pursuant to due corporate action, the Company has duly determined to execute and deliver to the
Trustee this [            ] Supplemental Indenture; and 
 WHEREAS, all
conditions and requirements necessary to make this [            ] Supplemental Indenture a valid instrument in accordance with its terms have been done and performed, and the execution and
delivery hereof have been in all respects duly authorized. 
 NOW, THEREFORE, in consideration of the premises, the Company and the Trustee
mutually covenant and agree as follows: 
 SECTION 1. DEFINITIONS. 

1.1 All terms contained in this [            ] Supplemental Indenture shall, except as specifically
provided herein or except as the context may otherwise require, have the meanings given to such terms in the Indenture. 
 SECTION 2. AMENDMENT OF
TERMS OF THE INDENTURE WITH RESPECT TO FUTURE SERIES OF SECURITIES. 
 The following amendments to the Indenture in this Section 2 shall apply to
every series of Securities issued pursuant to the Indenture on or after the date of this [            ] Supplemental Indenture: 

2.1 Notice of Redemption. Section 11.04 of the Indenture is hereby amended and restated as follows: 

“Unless otherwise specified in accordance with Section 3.01, notice of redemption shall be sent not less than 30 nor more than 60
days prior to the Redemption Date, to each Holder of Securities to be redeemed. 
 All notices of redemption shall identify the Securities being redeemed
(including the CUSIP or ISIN number) and state: 
  

	 	(1)	the Redemption Date, 

  

	 	(2)	the Redemption Price, 

	 	(3)	if less than all the Outstanding Securities of any series consisting of more than a single Security are to be redeemed, the identification (and, in the case of partial redemption of any such Securities, the principal
amounts) of the particular Securities to be redeemed and, if less than all the Outstanding Securities of any series consisting of a single Security are to be redeemed, the principal amount of the particular Security to be redeemed,

  

	 	(4)	that on the Redemption Date the Redemption Price will become due and payable upon each such Security to be redeemed and, if applicable, that interest thereon will cease to accrue on and after said date,

  

	 	(5)	the place or places where each such Security is to be surrendered for payment of the Redemption Price and accrued interest, if any, 

  

	 	(6)	that the redemption is for a sinking fund, if such is the case, 

  

	 	(7)	the name and address of the Paying Agent, 

  

	 	(8)	that Securities called for redemption must be surrendered to the Paying Agent to collect the redemption price, and 

  

	 	(9)	that no representation is made as to the accuracy or correctness of the CUSIP and/or ISIN numbers listed in such notice or printed on the Securities. 

Notice of redemption of Securities to be redeemed at the election of the Company shall be given by the Company or, at the Company’s
request delivered at least 5 days prior to the date such notice is to be given (unless a shorter period shall be acceptable to the Trustee), by the Trustee in the name and at the expense of the Company and shall be irrevocable.” 

2.2 Supplemental Indentures with Consent of Holders. The first paragraph of Section 9.02 of the Indenture is hereby amended and restated as
follows: 
 “With the consent of the Holders of not less than a majority in aggregate principal amount of the Outstanding Securities
affected by such supplemental indenture (including, without limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for, Securities), by Act of said Holders delivered to the Company and the Trustee, the
Company, when authorized by a Board Resolution, and the Trustee, when requested by a Company Request, may enter into an indenture or indentures supplemental hereto or amend this Indenture for the purpose of adding any provisions to or changing in
any manner or eliminating any of the provisions of this Indenture and, subject to Section 5.13, any past default or compliance with any provisions of this Indenture with respect to a particular series of Securities may be waived with the
written consent of the Holders of a majority in principal amount of the Outstanding Securities (including, without limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for, Securities) of such series
(such series voting as a single class). However, no such supplemental indenture, amendment or waiver shall, without the consent of the Holder of each Outstanding Security affected thereby, 

 

	 	(1)	change the Stated Maturity of the principal of, or any installment of principal of or interest on, any Security, or reduce the principal amount thereof or the rate of interest thereon or any premium payable upon the
redemption thereof, or reduce the amount of the principal of an Original Issue Discount Security or any other Security which would be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 5.02, or change
any Place of Payment where, or the coin or currency in which, any Security or any premium or interest thereon is payable, or impair the right to institute suit for the enforcement of any such payment on or after the Stated Maturity thereof (or, in
the case of redemption or repayment, on or after the Redemption Date or any repayment date); or 

  

	 	(2)	reduce the percentage in aggregate principal amount of the Outstanding Securities of any series, the consent of whose Holders is required for any such supplemental indenture or amendment, or the consent of whose Holders
is required for any waiver (of compliance with certain provisions of this Indenture or certain Defaults hereunder and their consequences) provided for in this Indenture; or 

	 	(3)	impair any right (if provided for in Section 3.01) of a Holder to exchange or convert Securities for or into other securities; or 

 

	 	(4)	add any provisions providing for the subordination of the Securities; or 

  

	 	(5)	modify any of the provisions of this Section, Section 5.13 or Section 9.01, except to increase any such percentage or to provide that certain other provisions of this Indenture cannot be modified or waived
without the consent of the Holder of each Outstanding Security affected thereby; provided, however, that this clause shall not be deemed to require the consent of any Holder with respect to changes in the references to “the Trustee” and
concomitant changes in this Section and Section 9.01, or the deletion of this proviso, in accordance with the requirements of Sections 6.11 and 9.01(8).” 

2.3 Events of Default. (a) Section 5.01(4) of the Indenture is hereby deleted and replaced with “(4) [Reserved.]”. 

(b) Section 5.01(6) of the Indenture is hereby amended and restated as follows: 

“(6) default in the payment of principal when due or an acceleration of Indebtedness of the Company, or, if Guarantees are issued, the
Guarantor, or any Significant Subsidiary, for borrowed money where the aggregate principal amount with respect to which the default or acceleration has occurred exceeds $100 million and such acceleration has not been rescinded or annulled or such
Indebtedness repaid within a period of 30 days after written notice to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal amount of all Outstanding Securities of that series; provided that if any
such default is cured, waived, rescinded or annulled, then the Event of Default by reason thereof would be deemed not to have occurred;”. 
 2.4
Definitions. Section 1.02 of the Indenture is hereby amended to add in its appropriate alphabetical sequence the following definitions: 

““Guarantee” means any guarantee of a Guarantor endorsed on a Security authenticated and delivered pursuant to this Indenture
and shall include the Guarantees by a Guarantor set forth in any supplemental indenture hereto or Officers’ Certificate in accordance with Section 3.01.” 

““Guarantor” means the Person(s) named as a “Guarantor” in the applicable indenture supplemental to the Indenture or
Officers’ Certificate pursuant to Section 3.01 of the Indenture until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Guarantor” shall mean such successor
Person.” 
 2.5 Amount Unlimited; Issuable in Series. Section 3.01 of the Indenture is hereby amended by (i) renumbering Clause 24 of
such Section 3.01 as Clause 25 and clause 23 of such Section 3.01 as Clause 24 and (ii) inserting the following as Clause 23 of such Section 3.01: 

“(23) if the Securities of any series are guaranteed and the applicable Guarantor;” 

2.6 Notices to the Trustee. Section 1.06 of the Indenture is hereby amended to add the following new paragraph: 

“The Trustee agrees to accept and act upon instructions or directions pursuant to this Indenture sent by unsecured e-mail, Portable
Document Format (pdf), facsimile transmission or other similar unsecured electronic methods, provided, however, that the Trustee shall have received an incumbency certificate listing persons designated to give such instructions or directions and
containing specimen signatures of such designated persons, which such incumbency certificate shall be amended and replaced whenever a person is to be added or deleted from the listing. The Trustee shall not be liable for any losses, costs or
expenses arising directly or indirectly from the Trustee’s reliance upon and compliance with such instructions notwithstanding that such instructions conflict or are inconsistent with a subsequent written instruction. The Company agrees to
assume all risks arising out of the use of such electronic methods to submit instructions and directions to the Trustee, including without limitation the risk of the Trustee acting on unauthorized instructions, and the risk of interception and
misuse by third parties.” 
 2.7 Waiver of Jury Trial. The following new Section 1.16 is hereby added to the Indenture: 

“SECTION 1.16. WAIVER OF JURY TRIAL. 
 EACH
OF THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE SECURITIES OR THE TRANSACTION
CONTEMPLATED HEREBY.” 
 2.8 Certain Rights of the Trustee. Section 6.03 of the Indenture is hereby amended by deleting “and” at the
end of subsection (11) thereof, deleting “.” at the end of subsection (12) thereof and adding “;” in place thereof and adding the following: 

“(13) in no event shall the Trustee be responsible or liable for special, indirect, or consequential loss or damage of any kind
whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action; and 

(14) in no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising
out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and
interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts which are consistent with accepted practices in the banking industry to
resume performance as soon as practicable under the circumstances.” 
 SECTION 3. GUARANTEES 

The provisions of this Section 3 shall apply to every series of Securities issued pursuant to the Indenture on or after the date of this
[            ] Supplemental Indenture if specified in the applicable supplemental indenture or Officers’ Certificate pursuant to Section 3.01 of the Indenture. 

3.1 Guarantee. (a) If Securities of or within a series are specified, as contemplated by Section 3.01, to be guaranteed by a Guarantor, then
such Guarantor hereby fully and unconditionally guarantees to each Holder of any such Security which is authenticated and delivered by the Trustee and to the Trustee for itself and on behalf of each such Holder, the due and punctual payment of the
principal of (and premium, if any, on) and interest (including, in case of default, interest on principal and, to the extent permitted by applicable law, on overdue interest and including any additional interest required to be paid according to the
terms of any such Security), if any, on each such Security, and the due and punctual payment of any sinking fund payment (or analogous obligation), if any, provided 

 
for with respect to any such Security, when and as the same shall become due and payable, whether at Maturity, upon redemption, upon acceleration, upon tender for repayment at the option of any
Holder or otherwise, according to the terms thereof and of the Indenture (the “Guarantor Obligations”). In case of the failure of the Company or any successor thereto punctually to pay any such principal, premium, interest or sinking fund
payment, the Guarantor hereby agrees to cause any such payment to be made punctually when and as the same shall become due and payable, whether at Maturity, upon redemption, upon declaration of acceleration, upon tender for repayment at the option
of any Holder or otherwise, as if such payment were made by the Company. 
 (b) The Guarantor hereby agrees that its Guarantor Obligations
hereunder shall be as if it were principal debtor and not merely surety and shall be absolute and unconditional, irrespective of the identity of the Company, the validity, regularity or enforceability of any such Security or the Indenture, the
absence of any action to enforce the same, any waiver or consent by the Holder of any such Security with respect to any provisions thereof, the recovery of any judgment against the Company or any action to enforce the same, or any other circumstance
which might otherwise constitute a legal or equitable discharge or defense of a Guarantor. The Guarantor hereby waives diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Company,
any right to require a proceeding first against the Company, protest, notice and all demands whatsoever and covenants that its Guarantees will not be discharged except by complete performance of its obligations contained in any such Security and in
this Guarantee. 
 (c) The Guarantor hereby agrees that, in the event of a default in payment of principal or premium, if any, or interest
on any such Security, whether at its Maturity, by acceleration, purchase or otherwise, legal proceedings may be instituted by the Trustee on behalf of, or by, the Holder of any such Security, subject to the terms and conditions set forth in this
Indenture, directly against the Guarantor to enforce the Guarantee without first proceeding against the Company. 
 (d) If any Holder or the
Trustee is required by any court or otherwise to return to the Company or the Guarantor, or any custodian, trustee, liquidator or other similar official acting in relation to either the Company or the Guarantor, any amount paid in respect of a
Security by any of them to the Trustee or such Holder, the Guarantee, to the extent theretofore discharged, shall be reinstated in full force and effect. 

(e) The Guarantee shall remain in full force and effect and continue to be effective should any petition be filed by or against the Company
for liquidation, reorganization, should the Company become insolvent or make an assignment for the benefit of creditors or should a receiver or trustee be appointed for all or any significant part of the Company’s assets, and shall, to the
fullest extent permitted by law, continue to be effective or be reinstated, as the case may be, if at any time payment and performance of any such Security are, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be
restored or returned by any obligee on any such Security, whether as a “voidable preference”, “fraudulent transfer” or otherwise, all as though such payment or performance had not been made. In the event that any payment or any
part thereof is rescinded, reduced, restored or returned, any such Security shall, to the fullest extent permitted by law, be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned. 

3.2 Severability. In case any provision of the Guarantee shall be invalid, illegal or unenforceable, the validity, legality, and enforceability of the
remaining provisions shall not in any way be affected or impaired thereby. 
 3.3 Priority of Guarantee. Unless otherwise specified pursuant to
Section 3.01 with respect to any series of Securities, and except as provided in the next following sentence, this Guarantee shall be unsecured and unsubordinated obligations of the Guarantor, ranking pari passu with all other existing and
future unsubordinated and unsecured indebtedness of the Company and the Guarantor, respectively. 
 3.4 Limitation of Guarantor’s Liability. The
Guarantor and by its acceptance hereof each Holder confirms that it is the intention of all such parties that the Guarantee does not constitute a fraudulent transfer or conveyance for purposes of the Bankruptcy Law, the Uniform Fraudulent Conveyance
Act, the Uniform Fraudulent Transfer Act or any similar federal or state law or the provisions of its local law relating to fraudulent transfer or conveyance. To effectuate the foregoing intention, the Holders and the Guarantor hereby irrevocably
agree that the obligations of the Guarantor under the Guarantee shall be limited to the maximum amount that will not, after giving effect to all other 

 
contingent and fixed liabilities of the Guarantor result in the obligations of the Guarantor under the Guarantee constituting such fraudulent transfer or conveyance. 

3.5 Subrogation. The Guarantor shall be subrogated to all rights of Holders of the Securities of a series against the Company in respect of any amounts
paid by the Guarantor on account of such Securities or this Indenture; provided, however, that, if an Event of Default has occurred and is continuing, the Guarantor shall not be entitled to enforce or receive any payments arising out of, or based
upon, such right of subrogation until all amounts then due and payable by the Company under this Indenture or the Securities shall have been paid in full. 

3.6 Reinstatement. The Guarantor hereby agrees that the Guarantee provided for in Section 3.1 shall continue to be effective or be reinstated, as
the case may be, if at any time, payment, or any part thereof, of any obligations or interest thereon is rescinded or must otherwise be restored by a Holder to the Company upon the bankruptcy or insolvency of the Company or the Guarantor. 

3.7 Release of the Guarantor. (a) Concurrently with the discharge of the Securities under Section 4.01 of the Indenture or the defeasance of
the Securities under Section 13.02 or 13.03 of the Indenture, or pursuant to the terms of such Guarantee established in accordance with Section 3.01 of the Indenture, the Guarantor shall be released from all its obligations under its
Guarantee under the Indenture. 
 (b) So long as no Default exists or upon the occurrence of the following events, with notice or lapse of
time or both, would exist, the Guarantee and any Liens securing the Guarantee shall be automatically and unconditionally released and discharged: 

(i) upon any sale, exchange, transfer to any Person that is not an Affiliate of the Company of all of the Company’s
Capital Stock in the Guarantor, which transaction is otherwise in compliance with the Indenture. 
 (ii) upon any
consolidation or merger of a Guarantor with or into the Company or another Guarantor, which transaction is otherwise in compliance with the Indenture. 

3.8 Benefits Acknowledged. The Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by
this Indenture and that its guarantee and waivers pursuant to the Guarantee are knowingly made in contemplation of such benefits. 
 SECTION 4.
MISCELLANEOUS. 
 4.1 Ratification of Indenture. The Indenture, as supplemented by this
[            ] Supplemental Indenture, is in all respects ratified and confirmed, and this [            ] Supplemental Indenture
shall be deemed a part of the Indenture in the manner and to the extent herein and therein provided. 
 4.2 Governing Law. This
[            ] Supplemental Indenture and each Note shall be governed by, and construed in accordance with, the laws of the State of New York. 

4.3 Counterparts. This [            ] Supplemental Indenture may be executed in several
counterparts, each of which shall be an original, and all collectively but one and the same instrument. 
 4.4 The Trustee. The Trustee shall not be
responsible in any manner whatsoever for or in respect of the validity or sufficiency of this [            ] Supplemental Indenture or for or in respect of the recitals contained herein,
all of which are made solely by the Company. All rights, privileges, protections, indemnities and benefits granted or afforded to the Trustee under the Indenture (including the additional rights, privileges, protections, indemnities and benefits set
forth in Sections 2.6, 2.7 and 2.8 of this [            ] Supplemental Indenture) shall be deemed incorporated herein by this reference and shall be applicable to all actions taken,
suffered or omitted by the Trustee under this [            ] Supplemental Indenture. 

 IN WITNESS WHEREOF, the parties hereto have caused this
[            ] Supplemental Indenture to be executed as of the date first above written. 
  

			
	ALBEMARLE CORPORATION, as Issuer
		
	By:	 	[            ]
		 	Name: [            ]
		 	Title: [            ]
	
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
		
	By:	 	[            ]
		 	Name: [            ]
		 	Title: [            ]Exhibit 10.32

      EXHIBIT 10.32

                
                      

United Natural Foods
Senior Management Annual Cash
Incentive Plan 

    
Effective for FY2015

UNFI Fiscal Year 2015 Senior Management Annual Cash Incentive Plan

I.    Administration of Incentive Plan

The Senior Management Cash Incentive Plan (the “Incentive Plan”) is based on the 2015 fiscal year, August 3, 2014 - August 1, 2015 for United Natural Foods, Inc. (the “Company”).  This Incentive Plan shall be administered pursuant to the Company’s 2012 Equity Incentive Plan (the “Equity Plan”); it is the intention of the Company that all awards hereunder to Covered Officers (as defined in the Equity Plan) shall qualify for the “performance-based exception” to the deduction limitation imposed by Section 162(m) of the Code.  All provisions hereof shall be interpreted accordingly.  Capitalized terms not otherwise defined herein shall have the meaning set forth in the Equity Plan.  All incentive payouts will be calculated and paid by the Company on a date selected by the Company in its sole discretion that is not later than the later of i) the 15th day of the third month following the end of the Company’s 2015 fiscal year; or (ii) March 15 of the calendar year following the calendar year in which the cash incentive is earned; provided that no payment will be made prior to the end of the Company’s 2015 fiscal year. All Incentive Plan payouts are subject to required local, state and federal withholding taxes.

The Incentive Plan shall be administered by the Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”). The Compensation Committee may delegate to certain associates the authority to manage the day-to-day administrative operations of the Incentive Plan as it may deem advisable.

The Compensation Committee reserves the right to amend, modify, or terminate the Incentive Plan at any time in its sole discretion.  

The Compensation Committee shall have the authority to modify the terms of any award under the Incentive Plan that has been granted, to determine the time when awards under the Incentive Plan will be made, the amount of any payments pursuant to such awards, and the performance period to which they relate, to establish performance objectives in respect of such performance periods and to determine whether such performance objectives were attained.  The Compensation Committee is authorized to interpret the Incentive Plan, to establish, amend and rescind any rules and regulations relating to the Incentive Plan, and to make any other determinations that it deems necessary or desirable for the administration of the Incentive Plan.  The Compensation Committee may correct any defect or omission or reconcile any inconsistency in the Incentive Plan in the manner and to the extent the Compensation Committee deems necessary or desirable.  Any decision of the Compensation Committee in the interpretation and administration of the Incentive Plan, as described herein, shall be subject to the terms of the Equity Plan, but shall otherwise lie within its sole and absolute discretion and shall be final, conclusive and binding on all parties concerned.  Determinations made by the Compensation Committee under the Incentive Plan need not be uniform and may be made selectively among participants in the Incentive Plan, whether or not such participants are similarly situated. Any and all changes will be communicated to those executives participating in the Incentive Plan that are affected by the changes. 

II.    Incentive Plan Eligibility

The Compensation Committee shall determine the executive officers and other members of the Company’s senior management eligible for participation in the Incentive Plan.

Participants in the Incentive Plan hired or promoted from August 3, 2014 through January 31, 2015 will be eligible for a prorated payout at the end of the fiscal year if he or she achieves the required performance metrics of his or her individual program.  Such prorated payout shall be made in accordance with the payment provisions of Section I above.  Employees hired or promoted from February 1, 2015 through August 1, 2015 will not be eligible to participate in the Incentive Plan for the 2015 fiscal year.  Additionally, if any participant receives a change in base salary during the performance period, the bonus payout earned by the participant under the Incentive Plan, if any, will be prorated accordingly.

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UNFI Fiscal Year 2015 Senior Management Annual Cash Incentive Plan

All Incentive Plan participants must accept the commitment and responsibility to perform all duties in compliance with the Company’s Standards of Conduct. Any participant who manipulates or attempts to manipulate the Incentive Plan for personal gain at the expense of customers, other associates, or Company objectives will be subject to appropriate disciplinary actions.

Participants must not divulge to any outsider any non-public information regarding this Incentive Plan or any specific performance metrics applicable to the participant.  

Participation in the Incentive Plan does not constitute a contract or promise of employment between the Company and any participant in the Incentive Plan.  Any promise or representations, oral or written, which are inconsistent with or different from the terms of the Incentive Plan are invalid.

III.    Termination Provisions

Any participant whose employment is terminated for any reason (e.g., voluntary separation or termination due to misconduct) prior to the end of the ninth fiscal monthly period of the 2015 fiscal year will not be eligible for distribution of awards under the Incentive Plan. Any participant whose employment is terminated for any reason other than Cause (as defined in the Equity Plan) after the end of the ninth fiscal monthly period of the 2015 fiscal year but prior to the end of the 2015 fiscal year will be eligible to receive his or her pro rata share of his or her award that would have been earned based on such participant’s actual period of participation in fiscal 2015.  A participant whose employment is terminated for any reason other than Cause (as defined in the Equity Plan) following the end of the 2015 fiscal year but prior to the payout of awards under the Incentive Plan shall remain entitled to receive the award earned by such participant.  If a participant becomes disabled during the 2015 fiscal year or is granted a leave of absence during that time, a pro rata share of the participant’s award based on the period of actual participation may, in the Compensation Committee’s sole discretion, be paid to the participant after the end of the performance period if it would have become earned and payable had the participant’s employment status not changed.

IV.    Performance Measures

Participants in the Incentive Plan may receive a cash award upon the attainment of performance goals which may be corporate and/or individual goals and which will be communicated to the participant by the Compensation Committee. The percentage of any award payable pursuant to the Incentive Plan shall be based on the weights assigned to the applicable performance goal by the Compensation Committee. Each participant’s incentive award is based on a designated percentage of the participant’s base pay and is established by the Compensation Committee.

 Each participant in the Incentive Plan will be eligible for a bonus payout conditioned on the achievement of performance measures outlined in an Incentive Plan Grid approved by the Compensation Committee.  The Compensation Committee shall determine whether and to what extent each performance goal has been met. In determining whether and to what extent a performance goal has been met, the Compensation Committee may consider such matters as the Compensation Committee deems appropriate.

V.    Miscellaneous Provisions

Notwithstanding anything to the contrary herein, the Compensation Committee, in its sole discretion, may reduce any amounts otherwise payable to a participant hereunder in order to satisfy any liabilities owed to the Company or any of its subsidiaries by the participant.

In the event of any material change in the business assets, liabilities or prospects of the Company, any division or any subsidiary, the Compensation Committee subject to the Equity Plan but otherwise in its sole discretion and without liability to any person may make such adjustments, if any, as it deems to be equitable as to any affected terms of outstanding awards.

The Company is the sponsor and legal obligor under the Incentive Plan and shall make all payments hereunder, other than any payments to be made by any of the subsidiaries (in which case payment shall be made by such subsidiary, as appropriate). The Company shall not be required to establish any special or separate fund or to make any other segregation of assets to ensure the payment of any amounts under the Incentive Plan, and the

 3

UNFI Fiscal Year 2015 Senior Management Annual Cash Incentive Plan

participant’s rights to the payment hereunder shall be not greater than the rights of the Company’s (or subsidiary’s) unsecured creditors. All expenses involved in administering the Incentive Plan shall be borne by the Company.

The Incentive Plan shall be governed by and construed in accordance with the laws of the State of Delaware applicable to contracts made and to be performed in the State of Delaware.

Each participant agrees that payouts under this Incentive Plan are subject to the Company’s Recoupment Policy for performance-based incentive compensation and also further agrees to return to the Company, if the Company shall so request, all or a portion of any incentive amounts paid to such participant pursuant to this Incentive Plan based upon financial information or performance metrics later found to be materially inaccurate. The amount to be recovered shall be equal to the excess amount paid out over the amount that would have been paid out had such financial information or performance metric been fairly stated at the time the payout was made.

Notwithstanding anything herein to the contrary, the Compensation Committee, in its sole discretion, may make payments (including pro rata payments) to participants who do not meet the eligibility requirements of the Incentive Plan, including, but not limited to, the length of service requirements described in Section II above if the Compensation Committee determines that such payments are in the best interest of the Company.

 4

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