Document:

ip-20131231exhibit1011pspcertificate

Exhibit 10.11

International Paper Company
Notice of Award under the
2014 Performance Share Plan (“PSP”)

NAME
ADDRESS
ADDRESS

Identification Number:  Employee ID #

THIS CERTIFIES THAT, effective January 1, 2014, the Management Development and Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) of International Paper Company (the “Company”) has authorized the grant (the “Award”) of performance-based restricted stock units (“Performance Share Units” or “PSUs”) to [NAME] (the “Participant”) under the terms and conditions of the International Paper Company 2009 Incentive Compensation Plan (the “Plan”).  The Award is subject to the Terms and Conditions on the reverse side of this certificate.  

Date of Award:     January 1, 2014

Target Number of PSUs:        [###]

Performance Period:    January 1, 2014 through December 31, 2016    

The Committee has approved the target number of PSUs based on the Participant’s position level at the Company.  The target number of PSUs for this Award is [XX].  The actual number of PSUs that the Participant may receive under this Award will be based on the Company’s performance achievement over the 2014-2016 performance period.  The actual number of PSUs that the Participant may receive at the end of the 2014-2016 performance period may be greater or less than the target number of PSUs based on the Company’s actual performance achievement. The actual number of PSUs to be paid at the end of the performance period may be reduced at the discretion of the Committee.

Terms not otherwise defined in this certificate have the meaning assigned to them in the Plan.  In the event of any inconsistency between the Terms and Conditions and the provisions of the Plan, the Plan will govern.  By accepting this Award, the Participant acknowledges receipt of a copy of the Company’s PSP prospectus, represents that he or she is familiar with the terms and conditions of the Plan and agrees to accept this Award subject to all the terms and conditions of the Plan and of the Award.

IN WITNESS WHEREOF, the Company has caused this Award to be executed by its duly authorized officer as of the 1st day of January, 2014.

International Paper Company

John V. Faraci
Chairman and Chief Executive Officer

TERMS AND CONDITIONS OF AWARD

This Performance Share Plan award agreement is made between you, the Participant, and International Paper Company, a New York corporation (the “Company”), by direction of the Management Development and Compensation Committee (the “Committee”) of the Board of Directors (the “Board”).  This award (“Award”) is subject to the provisions of the Company’s 2009 Incentive Compensation Plan (the “Plan”).  Terms not defined herein are defined in the Plan. This award agreement serves as your acceptance of the PSP award and the terms and conditions described in this agreement.  
		
	1.
	Compliance with Laws and Regulations.  It is intended that this Award, and any securities issued pursuant to this Award, will comply with all provisions of federal and applicable state securities laws.

		
	2.
	Performance-Based Restricted Stock Units 

		
	(a)
	All performance-based restricted stock units (“Performance Share Units” or “PSUs”) issued under this Award will be contingently awarded with respect to the specific three-year performance period (the “Performance Period”) as described in the Notice of Award set forth on the reverse. PSUs may not be sold, transferred, pledged or assigned at any time.  You will be asked to file a beneficiary designation form with the Company that names the beneficiary or beneficiaries of the Award.

		
	(b)
	Payout of an Award is contingent solely upon the Company’s achievement of the performance goals over the Performance Period, and not on individual performance.

		
	(c)
	All dividend equivalent units accrued during the Performance Period will be reinvested in additional PSUs (which will be allocated to the same Performance Period and will be subject to being earned on the same basis as the original Award).

		
	3.
	Payment of Withholding Taxes.  Generally, to pay withholding taxes due on an Award upon payout, the Company will reduce the number of PSUs paid to you by an amount sufficient to pay statutorily required withholding taxes.

		
	4.
	Method of Determining Actual Award and Removal of Restrictions

		
	(a)
	As soon as practicable after the Performance Period, the number of PSUs to be paid under this Award will be determined by the Committee.  The decision by the Committee will be final, conclusive and binding upon all parties, including the Company, the shareowners and you.  Following the Committee’s approval of the payout, you will receive unrestricted shares of Company common stock equal to the number of PSUs payable to you. 

		
	(b)
	You will receive prorated PSUs in the following events: (i) termination of your employment if you are eligible for a termination allowance under the Company’s Salaried Employee Severance Plan (and you sign the Company’s termination agreement and release in connection with the payment of a termination allowance); (ii) termination of your employment as a result of the divestiture of your business (iii) death; (iv) Disability; or (v) voluntary resignation after retirement eligibility as defined under the Retirement Plan of the Company. In these events, you (or, if applicable, your beneficiary or estate) will receive the number of PSUs that would have been earned based on actual Company performance, prorated based for your months of service during the Performance Period.  Such PSUs are payable at the same time and in the same form as otherwise payable under the Plan.

		
	(c)
	Your award will be forfeited and cancelled upon the following events: (i) termination of your employment for Cause, (ii) your refusal to sign the Company’s termination agreement and release in connection with the payment of a termination allowance (iii) voluntary resignation before retirement eligibility, (iv) violation of a Non-Competition Agreement or Non-Solicitation Agreement, (v) failure of a participant in the Company’s Unfunded Supplemental Retirement Plan for Senior Managers (“SERP”) to provide one-year’s notice of retirement, or (vi) your Misconduct.

		
	(d)
	Except as may be provided in a Change in Control Agreement, in the event of Change in Control of the Company, the Award will be treated as described in the Administrative Guidelines for the Plan.  

		
	(e)
	In the event the Company’s financial statements are required to be restated as a result of errors, omissions or fraud, the Company may recover all or a portion of any Award with respect to any fiscal year of the Company the financial results of which are negatively affected by such restatement.

		
	5.
	Changes in Stock.  In the event of any stock dividend, split, reclassification or other analogous change in capitalization, or any distribution (other than regular cash dividends) to holders of the Company’s common stock, the Committee will make such adjustments, if any, as it deems to be equitable in the number of PSUs awarded you.

		
	6.
	Other Terms and Conditions

		
	(a)
	The Board or the Committee may, at any time and from time to time, amend, modify or terminate the Plan without shareowner approval, subject to certain limitations described in the plan. Further, the granting of an Award is discretionary by the Company. The Company may change the eligibility or other provisions of the Plan with Committee approval at any time.

		
	(b)
	You (or your estate or beneficiary) will promptly provide all information related to this Award that is requested by the Company for its tax returns.

		
	(c)
	You (and your surviving spouse, beneficiary, executor, administrator, heirs, successors or assigns) hereby agree to accept as binding, conclusive and final all decisions that are made by the Committee with respect to interpretations of the terms and condition of the Plan or this Award and with respect to any questions or disputes arising under the Plan or this Award.

		
	(d)
	Participation in the Plan and receipt of this Award will not give you any right to a subsequent award, or any right to continued employment by the Company for any period, nor will the granting of an award give the Company any right to your continued services for any period. You understand that this Award is in addition to, and not a part of, your annual salary.KAMN - 12.31.2013 EX 10.6

Exhibit 10.6
AWARD AGREEMENT 
(Under the Kaman Corporation
2013 Management Incentive Plan)
THIS AWARD AGREEMENT (this “Agreement”) is made and entered into as of the __ day of April, 20__, by and between KAMAN CORPORATION, a Connecticut corporation with its principal office in Bloomfield, Connecticut (the “Company”), and ___________________ (the “Participant”).
Recitals:
A.    The Participant currently serves as Non-Employee Director of the Company and, as such, is eligible to receive benefits under the Kaman Corporation 2013 Management Incentive Plan (the “Plan”).
B.    This Agreement sets forth the terms and conditions of an equity-based Award granted to the Participant under Section 10 of the Plan.
C.    All capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to them in the Plan.
NOW, THEREFORE, in consideration of the premises, and of the mutual covenants and agreements herein contained, the parties hereto hereby agree as follows:
1.Grant of Equity-Based Award.
(a)Subject to the terms and conditions of this Agreement, the Participant is hereby granted an equity-based Award (the “Award”) of ____________________ (_____) shares (the “Shares”) of the Common stock, par value $1.00 per share (“Common Stock”), of the Company pursuant to Section 10 of the Plan.  The Shares shall be transferred to the Participant as additional compensation for services rendered to the Company.  The Shares are not subject to any restrictions or risk of forfeiture.
(b)Promptly following the execution and delivery of this Agreement by the Participant, the Shares shall be issued in uncertificated form and recorded on the shareholder records maintained by the Transfer Agent and Registrar of the Company’s Common Stock (the “Transfer Agent”).
(c)Effective upon the date of issuance to the Participant of the Shares registered in the Participant’s name, the Participant will be a holder of record of the Shares and will have, subject to the terms and conditions of this Agreement, all rights of a shareholder with respect to such Shares including the right to vote such shares at any meeting of shareholders of the Company at which such Shares are entitled to vote and the right to receive all distributions of any kind paid with respect to such Shares.

2.Taxes.  The Participant shall bear all expense of, and be solely responsible for, all federal, state local or foreign taxes due with respect to the issuance of the Shares.  

3.Interpretation.  This Agreement shall at all times be interpreted, administered and applied in a manner consistent with the provisions of the Plan. In the event of any inconsistency between the terms of this Agreement and the terms of the Plan, the terms of the Plan shall control and the Plan is incorporated herein by reference.

4.Amendment; Modification; Waiver. No provision of this Agreement may be amended, modified or waived unless such amendment, modification or waiver shall be authorized by the Committee and shall be agreed to in writing by the Participant.

5.Complete Agreement. This Agreement contains the entire Agreement of the parties relating to the subject matter of this Agreement and supersedes any prior agreements or understandings with respect thereto.

6.Agreement Binding. This Agreement shall be binding upon and inure to the benefit of the Company, its successors and assigns and the Participant, his or her heirs, devisees and legal representatives.

7.Legal Representative. In the event of the Participant’s death or a judicial determination of his or her incompetence, reference in this Agreement to the Participant shall be deemed to refer to his or her legal representative, heirs or devisees, as the case may be.

8.Business Day. If any event provided for in this Agreement is scheduled to take place on a day on which the Company’s corporate offices are not open for business, such event shall take place on the next succeeding day on which the Company’s corporate offices are open for business.

9.Titles.  The titles to sections or paragraphs of this Agreement are intended solely for convenience and no provision of this Agreement is to be construed by reference to the title of any section or paragraph.

10.Consent to Transfer of Data.  By executing this Agreement, the Participant hereby consents to the transfer of the Participant’s personal data in connection with, or as necessary or appropriate for, the administration of the Award and the Plan under which it is issued.

11.Notices.  
(a)Any notice to the Company pursuant to any provision of this Agreement will be deemed to have been delivered when delivered in person to the President or Secretary of the Company, when deposited in the United States mail, addressed to the President or Secretary of the Company, at the Company’s corporate offices, when delivered to the President or Secretary of the Company by electronic mail, or when delivered to such other address as the Company may from time to time designate in writing.
(b)Any notice to the Participant pursuant to any provision of this Agreement will be deemed to have been delivered when delivered to the Participant in person, when deposited in the United States mail, addressed to the Participant at the address on the shareholder records of the Company, when delivered to the Participant by electronic mail, or when delivered to such other address as the Participant may from time to time designate in writing.  

12.Counterparts.  This Agreement may be executed in counterparts, each of which shall be deemed an original but all of which together will constitute one and the same instrument. Counterpart signature pages to this Agreement transmitted by facsimile transmission, by electronic mail in portable document format (.pdf), or by any other electronic means intended to preserve the original graphic and pictorial appearance of a document, will have the same effect as physical delivery of the paper document bearing an original signature.

13.Electronic Delivery. In lieu of receiving documents in paper format, the Participant agrees, to the fullest extent permitted by law, to accept electronic delivery of any documents that the Company may be required to deliver (including, but not limited to, prospectuses, prospectus supplements, grant or award 

notifications and agreements, account statements, annual and quarterly reports, and all other agreements, forms and communications) in connection with this and any other prior or future incentive award or program made or offered by the Company or its predecessors or successors.  Electronic delivery of a document to the Participant may be via a Company e-mail system or by reference to a location on a Company intranet site to which the Participant has access.

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the date first written above.

PARTICIPANT                        KAMAN CORPORATION

              By:                        
[Name of Director]                        [Name]
[Title]

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