Document:

Exhibit

Exhibit 10.17

TRINITY INDUSTRIES, INC.
EXECUTIVE PERQUISITE PROGRAM
(As amended December 6, 2017)
I. PURPOSE
The purpose of this Executive Perquisite Program (the “Program”) is to provide a consistent and competitive level of perquisites and benefits to top level executives of Trinity Industries, Inc. (the “Company”) by providing a monthly cash perquisite allowance (the “Perquisite Allowance”). Specifically, the Perquisite Allowance is to be used at the discretion of the executive for (i) expenses related to the use of executive’s personal automobile for business purposes and for the first 10,000 business miles, (ii) country club, health club, dinner or luncheon club, or airport club dues and fees, and (iii) other perquisite type expenses such as financial planning, income tax preparation and home security. The Program does not preclude reimbursement of normal business expenses such as business meals at a club and business use of a personal automobile beyond 10,000 business miles.
It is intended that the Perquisite Allowance will eliminate charges to the Company of personal benefits for the executives that are not provided to Company employees generally other than occasional de minimis items such as the use of Company tickets to entertainment events. The Perquisite Allowance is not intended to cover personal use of the Company’s aircraft.
II. ELIGIBILITY
Corporate officers, operating presidents and certain other executives as approved from time to time will be eligible to participate in the Program.
III. VALUE
Each participant will receive a Perquisite Allowance of 7.5% of their base pay payable at the end of the month. Subject to the limitations outlined below, the Perquisite Allowance will increase to 10% of the participant’s base pay when the Company’s annual earnings exceed $1 a share and it is forecast that annual earnings will remain above that level for the next year. As of January 1, 2018, the maximum annual Perquisite Allowance for participants will be the lesser of (i) 10% of the participant’s 2015 base pay and (ii) $30,000. 
IV. TERMINATION AND AMENDMENT
The Program may be terminated or amended at any time by the Company. Notification of termination or amendment will be given to the then participants. If the Program is terminated during a Plan Year, payment will be prorated to the date of termination. The Company’s decision relative to such payment shall be final and binding on all parties.
V. EFFECTIVE DATE
The terms of the Program as described herein are effective commencing January 1, 2018 and will continue until cancelled or changed by the Company.
VI. NO CONTRACT
Nothing in the Program shall be deemed by implication, conduct of the parties, or otherwise to constitute a contract of employment or otherwise to impose any limitation on any right of the Company or any of its operating units to terminate an executive’s employment at any time.
VII. PAYMENTS
Payments made pursuant to the Program will not be considered for purposes of calculating benefits under any Company Retirement Plan.

VIII. AUTOMOBILE ALLOWANCE
It is assumed that the first $6,000 paid under the Program relates to an Automobile Allowance. As a condition of the Automobile Allowance, a participant will be expected to use his or her personal vehicle for business purposes. Therefore, the Company will require that the following conditions be met:
		
	1.
	Each participant is required to carry auto liability insurance with limits not less than $250,000 for bodily injury to any one person, $500,000 for bodily injury each accident and $100,000 property damage each accident or $500,000 combined single limit for bodily injury and property damage. A current certificate of insurance or a copy of the declaration page showing insurance limits must be provided to Risk Management. If this requires an adjustment in the executive’s existing coverage then the executive must obtain it at the next renewal.

		
	2.
	In order to receive the $500 monthly allowance a participant must have a four door vehicle suitable for business use. This does not mean the participant must drive a four door vehicle every day. If a participant does not have a four door vehicle available the participant will forfeit $6,000 of the Perquisite Allowance.

		
	3.
	The vehicle must be maintained in good operating condition and kept clean inside and out.

		
	4.
	Mileage reimbursement will not be allowed for the first 10,000 business miles driven in a year. If the participant expects to drive over 10,000 business miles in a year, the participant will need to maintain a log of business miles showing point of origin, destination and business purpose. For business miles driven above 10,000 miles, the participant may claim reimbursement at the standard mileage rate.Exhibit

Exhibit 10.19

TRINITY INDUSTRIES, INC.
DIRECTOR COMPENSATION
Summary Sheet as of December 6, 2017

On December 6, 2017, the Board of Directors approved the following compensation for non-employee directors, effective in 2018:

		
	•
	Board member annual retainer - $70,000 

		
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	Annual equity compensation - $130,000, using share price on the date of grant as the basis for awards

		
	•
	Presiding Director - annual retainer of $25,000 

		
	•
	Chairs of Corporate Governance and Directors’ Nominating and Finance and Risk Committees - annual retainer of $15,000

		
	•
	Chairs of Audit and Human Resources Committees - annual retainer of $20,000

		
	•
	Board meeting fee - $2,000 for each meeting attended 

		
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	Committee members - $2,000 for each meeting attended

		
	•
	Ad hoc or special assignment work performed for or at the request of the Chairman, Chief Executive Officer, and President - $2,000 per dayExhibit

Exhibit 10.3

INTERNATIONAL PAPER COMPANY
INCENTIVE COMPENSATION PLAN
RESTRICTED STOCK AWARD AGREEMENT

The International Paper Company 2009 Incentive Compensation Plan (the “Plan”) provides for the award of restricted shares of common stock of International Paper Company, a New York corporation (the "Company"), under the terms of the Plan.  The terms and provisions of the Plan are incorporated by reference herein.

For services performed for the International Paper group of companies by [Name] (the "Employee"), it is hereby agreed between the Company and the Employee as follows:

1.    Share

The term "Share" or "Stock" as used in this Restricted Stock Award Agreement shall mean a share of common stock, $1.00 par value, of International Paper Company.

		
	2.
	Compliance with Law and Regulations

It is the intention of the parties that this Restricted Stock Award Agreement, and any securities issued pursuant to this Restricted Stock Award Agreement, shall comply with all provisions of federal and applicable state securities laws.

		
	3.
	Award of Restricted Shares

(a)    Subject to the provisions of the Plan and this Restricted Stock Award Agreement, the Company hereby awards and authorizes the issuance to Employee of [# of shares] Restricted Shares.  Such Shares shall be issued with the restriction that the Employee may not sell, transfer, pledge, or assign such Shares until the Shares are earned and the restrictions are removed as described below, and shall be subject to forfeiture and cancellation pursuant to the provisions of the Plan and this Restricted Stock Award Agreement.  All dividends paid on Restricted Shares shall be reinvested in additional Restricted Shares (which shall be subject to being earned by the Employee on the same basis as the original Shares).  All Restricted Shares awarded under this Restricted Stock Award Agreement, and purchased with reinvested dividends, will be uncertificated shares with notations describing the applicable restrictions of the Plan and this Restricted Stock Award Agreement, and no stock certificates will be issued by the Company or its designated custodian until the restrictions are removed.  No award or share under this Plan, and no rights or interest herein, shall be assignable or transferable by the Employee, except at death by will or by the laws of descent and distribution.

(b)    The number of Shares determined by the Committee to have been earned by Employee under the Plan and this Restricted Stock Award Agreement shall be 

final, conclusive and binding upon all parties, including the Employee, the Company, and its shareholders.

		
	4.
	Method of Earning Restricted Share Awards and Removal of Restrictions

The restrictions on this Restricted Share Award will be removed, and the award will vest, pursuant to the following schedule:

[#] shares on [Date]
[#] shares on [Date]
[#] shares on [Date]

(a)    Upon death of the Employee or the Employee's becoming disabled as such condition is determined in the sole discretion of the Committee, if earlier;

(b)    If Employee ceases to be an active employee of the Company prior [date of final vest] for any reason other than death or disability, the Restricted Shares with respect to which the restrictions have not then expired or terminated shall be canceled and forfeited unless the Committee determines otherwise pursuant to Section 14.7 of the Plan; or
 
(c)      Except as may be provided in a Change-in-Control Agreement between the Company and the Employee, upon a change in control of the Company, unless an award meeting the following requirements (the “Replacement Award”) is provided in substitution for this Restricted Share Award:
		
	(i)
	it relates to equity securities of the Company or its successor following the change in control or another entity that is affiliated with the Company or its successor following the change in control and such equity securities are publicly traded and registered under the Securities Exchange Act of 1934;

		
	(ii)
	it has a value at least equal to the value of this Restricted Share Award as of the date of the change in control as determined by the Committee; 

		
	(iii)
	it does not contain any performance goals and only vests based on the Employee’s continued service with the Company or its successor following the change in control;

		
	(iv)
	its forfeiture provisions, transfer restrictions and any other restrictions lapse based upon the original vesting period of this Restricted Share Award; provided, however, that the restrictions on the Replacement Award will be removed, and the award will vest, if within two years after the effective date of the change in control, the Employee’s employment is terminated without Cause or the Employee resigns for Good Reason; and

		
	(v)
	its other terms and conditions are not less favorable to the Employee than the terms and conditions of this Restricted Share Award (including the provisions that would apply in the event of a subsequent change in control). 

Without limiting the generality of the foregoing, the Replacement Award may take the form of a continuation of this Restricted Share Award provided that the preceding requirements of this subsection are satisfied.  The determination of whether the requirements of this subsection are satisfied shall be made by the 

Committee, as constituted immediately prior to the change in control, in its sole discretion. 

5.    Designation of Beneficiary

The Employee may file with the Company a designation of a beneficiary or beneficiaries on a form approved by the Company, which designation may be changed or revoked by the Employee's sole action, provided that the change or revocation is filed with the Company on a form approved by it.  In case of the death of the Employee before termination of employment or after disability, any portion of the Employee's award to which the Employee's designated beneficiary or estate is entitled under the Plan and this Restricted Stock Award Agreement shall be paid to the beneficiary or beneficiaries so designated or, if no beneficiary has been designated or survives the Employee, shall be delivered as directed by the executor or administrator of the Employee's estate.

6.    Other Terms and Conditions

(a)    Employee (or his or her estate or beneficiary) shall promptly provide all information related to this Restricted Stock Award Agreement requested by the Company for its tax returns.

(b)    Employee represents that Employee is familiar with the terms and provisions of the Plan, and hereby accepts the Restricted Shares awarded under this Restricted Stock Award Agreement subject to all the terms and provisions of the Plan and this Restricted Stock Award Agreement.  Employee hereby agrees to accept as binding, conclusive and final all decisions which are made by the Committee with respect to interpretations of the terms of the Plan or this Restricted Stock Award Agreement and with respect to any questions or disputes arising under the Plan or this Restricted Stock Award Agreement.

(c)    All of the terms and conditions of the Plan and this Restricted Stock Award Agreement shall be binding upon any surviving spouse, beneficiary, executor, administrator, heirs, successors or assigns of Employee.

(d)    Participation in the Plan, and execution of this Restricted Stock Award Agreement, shall not give the Employee any right to a subsequent award, nor any right to continued employment by the Company or its subsidiaries for any period, nor shall the granting of an award or execution of this Restricted Stock Award Agreement give the Company or its subsidiaries any right to continued services of the Employee for any period.

		
	7.
	Non-Competition and Non-Solicitation Agreements

Employee shall be required to execute one or more restrictive covenant agreements acceptable to the Company as a condition to receiving the award of Restricted Shares.  The restrictive covenant agreements entered into between the Company and the Employee are hereby incorporated by reference to this Restricted Stock Award Agreement; provided, 

however, that such restrictive covenant agreements shall be governed by their own respective terms and conditions. 

		
	8.
	Applicable Law and Choice of Forum  

This Restricted Stock Award Agreement shall be governed by and construed in accordance with the laws of the State of New York (without regard to its rules of conflict of laws).  The parties expressly agree that any appropriate state or federal district court located in the County of Westchester, State of New York shall have exclusive jurisdiction over any and all cases or controversies arising under or in connection with the Restricted Stock award or this Restricted Stock Award Agreement and shall be a proper forum in which to adjudicate such case or controversy.  The parties hereby waive any and all defenses to lack of personal jurisdiction with respect to such agreed upon forum.

IN WITNESS WHERE OF, the parties hereby execute this Restricted Stock Award Agreement, effective as of [date].

INTERNATIONAL PAPER COMPANY

By:                ___________________________________________________
Title:                 Senior Vice President - Human Resources, Government Relations
& Global Citizenship

[employee name]:     

Signature of Employee:    ____________________________________

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