Document:

Apogee Enterprises, Inc. Deferred Incentive Compensation Plan

 EXHIBIT 10.3 
 APOGEE ENTERPRISES, INC. 
 (“Apogee”) 
 DEFERRED INCENTIVE COMPENSATION PLAN 
 (2005 Restatement) 
 First Effective February 27, 1986 
 As Amended and Restated Effective January 1, 2005 

 APOGEE ENTERPRISES, INC. 
 (“Apogee”) 
 DEFERRED INCENTIVE COMPENSATION PLAN 
 (2005 Restatement) 
 TABLE OF
CONTENTS 
  

									
	 	  	 	    	 	    	 	  	Page
	SECTION 1.	  	INTRODUCTION AND DEFINITIONS	  	1
				
		  	1.1.	    	Amendment and Restatement	  	
		  	1.2.	    	Unfunded Obligation	  	
		  	1.3.	    	Definitions	  	
		  		    	1.3.1.	    	Affiliate	  	
		  		    	1.3.2.	    	Committee	  	
		  		    	1.3.3.	    	Deferred Compensation Account	  	
		  		    	1.3.4.	    	Disability	  	
		  		    	1.3.5.	    	Financial Hardship	  	
		  		    	1.3.6.	    	Fiscal Year	  	
		  		    	1.3.7.	    	Incentive Plan	  	
		  		    	1.3.8.	    	Participant	  	
		  		    	1.3.9.	    	Plan	  	
		  		    	1.3.10.	    	Post 2004 Account	  	
		  		    	1.3.11.	    	Pre 2005 Benefit	  	
		  		    	1.3.12.	    	Retirement	  	
		  		    	1.3.13.	    	Subsidiary	  	
		  		    	1.3.14.	    	Termination of Employment	  	
			
	SECTION 2.	  	PARTICIPATION	  	3
				
		  	2.1.	    	Participation	  	
		  		    	2.1.1.	    	Participation by Affirmative Selection	  	
		  		    	2.1.2.	    	Election of Participants	  	
		  	2.2.	    	Specific Exclusion	  	
			
	SECTION 3.	  	DEFERRED COMPENSATION ACCOUNT	  	4
				
		  	3.1.	    	Crediting the Account	  	
		  	3.2.	    	Earnings on the Account	  	
		  	3.3.	    	Administration of the Account	  	

  

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	SECTION 4.	  	DISTRIBUTION OF DEFERRED COMPENSATION ACCOUNT	  	5
				
		  	4.1.	  	Events of Distribution	  	
		  	4.2.	  	Alternative Distribution Methods	  	
		  	4.3.	  	Installment Distributions	  	
		  	4.4.	  	Key Employee	  	
		  	4.5.	  	Beneficiary of Key Employee	  	
			
	SECTION 5.	  	INTEREST OF PARTICIPANT	  	6
			
	SECTION 6.	  	DESIGNATION OF BENEFICIARIES	  	6
				
		  	6.1.	  	Right to Designate	  	
		  	6.2.	  	Failure of Designation	  	
		  	6.3.	  	Disclaimers by Beneficiaries	  	
		  	6.4.	  	Definitions	  	
		  	6.5.	  	Special Rules	  	
		  	6.6.	  	No Spousal Rights	  	
		  	6.7.	  	Death Prior to Full Distribution	  	
		  	6.8.	  	Facility of Payment	  	
			
	SECTION 7.	  	GENERAL MATTERS	  	9
				
		  	7.1.	  	Amendment and Termination	  	
		  		  	7.1.1.	  	Before a Change in Control	  	
		  		  	7.1.2.	  	After a Change in Control	  	
		  		  	7.1.3.	  	No Oral Amendments	  	
		  		  	7.1.4.	  	No Amendment to Section 5	  	
		  		  	7.1.5.	  	Plan Binding on Successors	  	
		  		  	7.1.6.	  	Termination	  	
		  	7.2.	  	ERISA Administrator	  	
		  	7.3.	  	Service of Process	  	
		  	7.4.	  	Administrative Determinations	  	
		  	7.5.	  	Rules and Regulations	  	
		  	7.6.	  	Certifications	  	
		  	7.7.	  	Errors in Computations	  	
			
	SECTION 8.	  	CLAIMS PROCEDURE	  	11
				
		  	8.1.	  	Original Claim	  	
		  	8.2.	  	Claims Review Procedure	  	
		  	8.3.	  	General Rules	  	

  

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	SECTION 9.	  	CONSTRUCTION	  	13
				
		  	9.1.	  	ERISA Status	  	
		  	9.2.	  	IRC Status	  	
		  	9.3.	  	Disqualification	  	
		  	9.4.	  	Rules of Document Construction	  	
		  	9.5.	  	References to Laws	  	
		  	9.6.	  	Effect on Employment	  	
		  	9.7.	  	Choice of Law	  	
		  	9.8.	  	Delegation	  	
		  	9.9.	  	Not an Employment Contract	  	
		  	9.10.	  	Tax Withholding	  	
		  	9.11.	  	Expenses	  	
		  	9.12.	  	Spendthrift Provision	  	
		  	9.13.	  	Certifications	  	
		  	9.14.	  	Errors in Computations	  	

  

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 APOGEE ENTERPRISES, INC. 
 (“Apogee”) 
 DEFERRED INCENTIVE COMPENSATION PLAN 
 (2005 Restatement) 
 SECTION 1

 INTRODUCTION AND DEFINITIONS 
 1.1.
Amendment and Restatement. Effective February 27, 1986, Apogee Enterprises, Inc., a Minnesota corporation (hereinafter sometimes referred to as “Apogee”) and certain affiliated corporations (together with Apogee hereinafter
sometimes collectively referred to as the “Employers” and separately as the “Employer”) created a nonqualified, unfunded, elective deferral plan for the purpose of allowing a select group of management and highly compensated
employees of the Employers to defer the receipt of incentive compensation which would otherwise be paid to those employees. Apogee reserved to itself, by action of the Compensation Committee of its Board of Directors, to amend that Plan and has done
so on prior occasions. By the adoption of this 2005 Restatement, Apogee does hereby completely amend and restate the terms of the Plan in this Plan Statement. 
 1.2. Unfunded Obligation. The obligation of the Employers to make payments under this Plan constitutes only the unsecured (but legally enforceable) promise of the Employers to make such payments. No Participant shall have any lien,
prior claim or other security interest in any property of the Employers. The Employers shall have no obligation to establish or maintain any fund, trust or account (other than a bookkeeping account or reserve) for the purpose of funding or paying
the benefits promised under this Plan. If such a fund, trust or account is established, the property therein shall remain the sole and exclusive property of the Employer that established it. The Employers shall be obligated to pay the benefits of
this Plan out of their general assets. 
 1.3. Definitions. When the following terms are used herein with initial capital letters, they shall have the
following meanings: 
 1.3.1. Affiliate — a business entity which is affiliated in ownership with Apogee that is recognized as an
Affiliate by the Plan Administrator for the purposes of this Plan. 
 1.3.2. Committee — the Compensation Committee of the Apogee
Board of Directors. 
 1.3.3. Deferred Compensation Account — the account of a Participant under the Plan as provided in
Section 3.1. 
 1.3.4. Disability — mental or physical disability which, in the opinion of the Committee, based on medical
evidence satisfactory to the Committee, prevents a Participant from engaging in the principal duties of his or her employment. 

 1.3.5. Financial Hardship — an immediate, severe financial need of a Participant, resulting
from an event not reasonably foreseeable by the Participant, which cannot be met by the Participant from other resources reasonably available to the Participant from insurance or reimbursement, liquidation of assets to the extent that would not
itself cause severe financial hardship or cessation of deferrals under the Plan. Such events would arise, for example, from a serious illness, injury or accident of the Participant or a dependent member of Participant’s family, loss of property
due to casualty or similar severe, extraordinary and unforeseeable circumstances beyond the control of Participant detrimentally affecting the health or welfare of the Participant or a dependent member of Participant’s family. The Committee
shall determine when Financial Hardship occurs and its determination shall be final and not subject to review or challenge by a Participant. However, when the term “Financial Hardship” is used in the Plan Statement in connection with the
Post 2004 Account, it shall be construed to have the same meaning consistent with the term “Unforeseeable Emergency” as used in section 409A of the Code. 
 1.3.6. Fiscal Year — the annual period ending on the Saturday closest to the last day of February or such fiscal year of Apogee as it may be changed hereafter from time to time. 
 1.3.7. Incentive Plan — the incentive compensation arrangement of Apogee as adopted on a year to year basis, prior to the end of a Fiscal
Year, and as revised from time to time, which provides for incentive compensation to selected management employees of Apogee or its Subsidiaries on the attainment of defined financial goals during the course of a Fiscal Year, if said employee
remains in the employ of Apogee or its Subsidiaries at the end of that Fiscal Year. 
 1.3.8. Participant — a person employed by
Apogee or its Subsidiaries who is a participant in and eligible to receive compensation under the Incentive Plan and who has elected to defer such compensation under this Plan, or a person who, prior to the time of Retirement, death, Disability, or
Termination of Employment, had elected to defer such compensation under this Plan and who retains, or whose beneficiaries retain, benefits under the Plan and in accordance with its terms. 
 1.3.9. Plan — this Deferred Incentive Compensation Plan, as it may be amended from time to time. 
 1.3.10. Post 2004 Account — the Deferred Compensation Account excluding the Pre 2005 Account, if any. 
 1.3.11. Pre 2005 Benefit — the Deferred Compensation Account that was both accrued and vested before January 1, 2005, under the terms of
the Plan as of December 31, 2004, if any. 
 1.3.12. Retirement — a Participant’s retirement at or after attaining age
65. 
 1.3.13. Subsidiary — a corporation, of which Apogee owns at least fifty percent (50%) of the shares having voting
power in the election of directors. 
 1.3.14. Termination of Employment — a Participant’s termination of employment with
Apogee or its Subsidiaries, whether voluntary or involuntary. However, when the term 
  

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 “Termination of Employment” is used in the Plan Statement in connection with Post 2004 Account, it shall be
construed to have the same meaning consistent with the term “Separation from Service” as used in section 409A of the Code. 
 SECTION 2 
 PARTICIPATION 
 2.1. Participation. 
 2.1.1. Participation by Affirmative Selection. 
  

	 	(a)	Each employee of an Employer selected for participation in this Plan for a particular Plan Year by the Chief Executive Officer shall become a Participant in this Plan as of the
first day of that Plan Year. 

  

	 	(b)	The Chief Executive Officer shall not select any employee for participation unless the Chief Executive Officer determines that such employee will be for that Plan Year a member of a
select group of management or highly compensated employees (as that expression is used in ERISA). 

  

	 	(c)	The Chief Executive Officer shall select such employees for participation in this Plan on a Plan Year by Plan Year basis. Selection for one Plan Year does not entitle the employee
to be selected any subsequent Plan Year. 

  

	 	(d)	If an employee selected for participation in this Plan for one year is not selected for a subsequent Plan Year or if an employee selected for participation ceases to be a member of
a select group of management or highly compensated employees (as that expression is used in ERISA), no further deferrals shall be made by or for that employee but the Deferred Compensation Account shall not thereby become distributable.

 2.1.2. Election of Participants. For any Fiscal Year, any Participant may elect to defer all or any portion of the
compensation that may become payable to the Participant under the Incentive Plan. The election shall be made in writing on the form set forth in Exhibit A, designating the percentage or amount of the compensation that may be due under the
Incentive Plan which is to be deferred, signed by the participant and delivered to the Director of Compensation prior to the commencement of the Fiscal Year with respect to which the compensation is to be earned and deferred. If an individual is
employed by Apogee during the Fiscal Year and is to be eligible for compensation under the Incentive Plan, that individual shall make the election to defer prior to the first day of employment. The election to defer under the Plan, once made, is
irrevocable. 
 2.2. Specific Exclusion. Notwithstanding anything apparently to the contrary in the Plan Statement or in any written communication,
summary, resolution or document or oral communication, no individual shall be a Participant in this Plan, develop benefits under this Plan or be entitled to receive benefits under this Plan (either for himself or herself or his or her survivors)

  

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 unless such individual is a member of a select group of management or highly compensated employees (as that expression is
used in ERISA). If a court of competent jurisdiction, any representative of the U.S. Department of Labor or any other governmental, regulatory or similar body makes any direct or indirect, formal or informal, determination that an individual is not
a member of a select group of management or highly compensated employees (as that expression is used in ERISA), such individual shall not be (and shall not have ever been) a Participant in this Plan at any time. If any person not so defined has been
erroneously treated as a Participant in this Plan, upon discovery of such error such person’s erroneous participation shall immediately terminate ab initio and the individual’s Account shall be forfeited immediately and such
person shall be obligated to reimburse the Employers for all amounts erroneously paid to him or her. 
 SECTION 3 
 DEFERRED COMPENSATION ACCOUNT 
 3.1. Crediting the
Account. Following the close of the Fiscal Year end, and as soon thereafter as may be reasonably practicable, Apogee shall determine the amount of compensation due a Participant, if any, under the Incentive Plan and the portion deferred by a
Participant shall then be credited to a general ledger account. A separate account, the Deferred Compensation Account, shall be kept in the name of each Participant and each beneficiary of a deceased Participant. 
 3.2. Earnings on the Account. The balance of each Participant’s Deferred Compensation Account shall be credited as a book entry with interest, compounded
quarter-annually, on the last day of each quarter of each Fiscal Year, or pro-rata for such lesser period as may occur in the event that the Deferred Compensation Account is credited with deferred compensation or reduced by a distribution from the
Deferred Compensation Account on a day other than the last day of a Fiscal Year quarter. The applicable interest rate in any Fiscal Year shall be determined as of the beginning of each Fiscal Year and shall be the greater of the following rates:

  

	 	(a)	The sum of one and one-half percent (1-1/2%) plus the monthly average yield for the last calendar month of the prior Fiscal Year on United States Treasury securities adjusted
to a constant maturity of ten (10) years, as calculated and published by the Federal Reserve Board, or, if the Federal Reserve Board discontinues its publication of such yields, as calculated by such other source, based upon comparable
information, as the Committee may select; or 

  

	 	(b)	One-half (1/2) of the rate of Apogee’s after-tax return on beginning shareholders’ equity for the prior Fiscal Year, calculated by dividing Apogee’s net earnings
after deduction of taxes for the prior Fiscal Year by total shareholders’ equity on the first day of the prior Fiscal Year, all as determined by the regularly engaged certified public accountants of Apogee from the audited, consolidated
financial statements of Apogee. 

 3.3. Administration of the Account. Subject to Section 5, Apogee shall have the right, but not
the obligation to segregate funds which represent sums which accrue in the Deferred Compensation Account, and, in the sole discretion of the Committee, to hold such funds in cash or invest or reinvest the same in any manner it deems desirable.

  

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 SECTION 4 
 DISTRIBUTION OF DEFERRED COMPENSATION ACCOUNT 
 4.1. Events of Distribution. Distribution of the amount
accrued on behalf of a Participant in a Deferred Compensation Account shall be made in a lump sum upon a date determined in the sole discretion of the Committee, but not later than ninety (90) days from the date of the first to occur of the
following events: 
  

	 	(a)	Participant’s Termination of Employment; 

  

	 	(b)	the Retirement of Participant; 

  

	 	(c)	the death of Participant; 

  

	 	(d)	the Disability of Participant; or 

  

	 	(e)	Financial Hardship affecting the Participant. 

 4.2. Alternative
Distribution Methods. Notwithstanding the provisions of Section 4.1, following the occurrence of an event described in Section 4.1, except Financial Hardship, a distribution may be made in such other manner as a Participant elects on
the form attached hereto as Exhibit A executed and delivered to the Committee at the time the Participant makes his or her first election to defer compensation under the Plan. Except with respect to the Post 2004 Account, if a Participant
elects distribution in a form other than lump sum, the Committee, notwithstanding such election, shall have the right in its sole discretion to vary the manner and time of making installment distributions, in a lump sum or over a shorter or longer
period of time as it may find appropriate. In the event of Financial Hardship, the distribution shall not exceed the amount determined by the Committee, in its sole discretion, to meet the immediate need of the Participant on account of the
Financial Hardship. 
 4.3. Installment Distributions. In the event of installment distribution, each monthly installment shall be paid on the first
day of each calendar month in an amount equal to the balance credited to the Participant’s Deferred Compensation Account on the date in which the first monthly distribution is to be made, divided by the number of months for which the
distribution is to be made. However, following the close of the first Fiscal Year immediately succeeding the first month of distribution, and for each Fiscal Year thereafter until the Deferred Compensation Account is reduced to zero, an additional
amount shall be paid monthly to the Participant equal to one-twelfth (1/12) of the earnings on the Participant’s Deferred Compensation Account for the prior Fiscal Year or any portion thereof, as determined under Section 3.2.

 4.4. Key Employee. Notwithstanding Section 4.1, if payments are to be made on account of Termination of Employment to a Key Employee (as
defined in section 409A of the Code), payment 
  

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 of the Participant’s Post 2004 Account payable under Section 4.1 above shall be suspended until a date that is
six (6) months after the date of the Termination of Employment. As soon as administratively feasible after the six (6) month anniversary of the Participant’s Termination of Employment, the Participant shall receive all payments,
without interest, the Participant would have been entitled to receive during this six month period had the Participant not been a Key Employee. Thereafter, payments shall be made in accordance with Section 4.1 above. If a Participant dies prior
to receiving a payment under this Section no benefit shall be paid under this Section. 
 4.5. Beneficiary of Key Employee. In the Participant dies
prior to receiving a payment in accordance with Section 4.4, the Participant’s Beneficiary shall be entitled to receive a lump sum payment equal to the amount of payments, without interest, the Participant would have been entitled to
receive prior to the Participant’s death had the Participant not been a Key Employee. 
 SECTION 5 
 INTEREST OF PARTICIPANT 
 Nothing contained herein
shall be deemed to create a trust of any kind or create any fiduciary relationship. If funds related to a Deferred Compensation Account are segregated or invested, they shall be and continue to be a part of the general assets of Apogee, subject to
the claims of its general creditors. No person, other than Participant (or the Participant’s beneficiaries in the event of death) shall have any claim against Apogee by virtue of the provisions of this Plan. The rights of Participant (or the
Participant’s beneficiaries in the event of death) to receive payments from Apogee under this Plan are and shall be no greater than the right of any unsecured general creditor of Apogee. 
 SECTION 6 
 DESIGNATION OF BENEFICIARIES 
 6.1. Right to Designate. Each Participant may designate, upon forms to be furnished by and filed with the Plan Administrator, one or more primary Beneficiaries or
alternative Beneficiaries to receive all or a specified part of such Participant’s Account in the event of such Participant’s death. The Participant may change or revoke any such designation from time to time without notice to or consent
from any Beneficiary. No such designation, change or revocation shall be effective unless executed by the Participant and received by the Plan Administrator during the Participant’s lifetime. 
 6.2. Failure of Designation. If a Participant: 
  

	 	(a)	fails to designate a Beneficiary, 

  

	 	(b)	designates a Beneficiary and thereafter revokes such designation without naming another Beneficiary, or 

  

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	 	(c)	designates one or more Beneficiaries and all such Beneficiaries so designated fail to survive the Participant, 

 such Participant’s Account, or the part thereof as to which such Participant’s designation fails, as the case may be, shall be payable to the first class of the
following classes of automatic Beneficiaries with a member surviving the Participant and (except in the case of surviving issue) in equal shares if there is more than one member in such class surviving the Participant: 
 Participant’s surviving spouse 
 Participant’s surviving issue per stirpes and not per capita 
 Participant’s surviving parents 
 Participant’s surviving brothers and sisters 
 Representative of Participant’s estate. 
 6.3. Disclaimers by Beneficiaries. A Beneficiary entitled to a distribution of all or a
portion of a deceased Participant’s Account may disclaim an interest therein subject to the following requirements. To be eligible to disclaim, a Beneficiary must be a natural person, must not have received a distribution of all or any portion
of the Account at the time such disclaimer is executed and delivered, and must have attained at least age twenty-one (21) years as of the date of the Participant’s death. Any disclaimer must be in writing and must be executed personally by
the Beneficiary before a notary public. A disclaimer shall state that the Beneficiary’s entire interest in the undistributed Account is disclaimed or shall specify what portion thereof is disclaimed. To be effective, duplicate original executed
copies of the disclaimer must be both executed and actually delivered to the Plan Administrator after the date of the Participant’s death but not later than one hundred eighty (180) days after the date of the Participant’s death. A
disclaimer shall be irrevocable when delivered to the Plan Administrator. A disclaimer shall be considered to be delivered to the Plan Administrator only when actually received by the Plan Administrator. The Plan Administrator shall be the sole
judge of the content, interpretation and validity of a purported disclaimer. Upon the filing of a valid disclaimer, the Beneficiary shall be considered not to have survived the Participant as to the interest disclaimed. A disclaimer by a Beneficiary
shall not be considered to be a transfer of an interest in violation of the provisions of Section 5 and shall not be considered to be an assignment or alienation of benefits in violation of federal law prohibiting the assignment or alienation
of benefits under this Plan. No other form of attempted disclaimer shall be recognized by the Plan Administrator. 
 6.4. Definitions. When used
herein and, unless the Participant has otherwise specified in the Participant’s Beneficiary designation, when used in a Beneficiary designation, “issue” means all persons who are lineal descendants of the person whose issue are
referred to, including legally adopted descendants and their descendants but not including illegitimate descendants and their descendants; “child” means an issue of the first generation; “per stirpes” means in equal shares among
living children of the person whose issue are referred to and the issue (taken collectively) of each deceased child of such person, with such issue taking by right of representation of such deceased child; and “survive” and
“surviving” mean living after the death of the Participant. 
 6.5. Special Rules. Unless the Participant has otherwise specified in the
Participant’s Beneficiary designation, the following rules shall apply: 
  

	 	(a)	If there is not sufficient evidence that a Beneficiary was living at the time of the death of the Participant, it shall be deemed that the Beneficiary was not living at the time of
the death of the Participant. 

  

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	 	(b)	The automatic Beneficiaries specified in Section 6.2 and the Beneficiaries designated by the Participant shall become fixed at the time of the Participant’s death so that,
if a Beneficiary survives the Participant but dies before the receipt of all payments due such Beneficiary hereunder, such remaining payments shall be payable to the representative of such Beneficiary’s estate. 

  

	 	(c)	If the Participant designates as a Beneficiary the person who is the Participant’s spouse on the date of the designation, either by name or by relationship, or both, the
dissolution, annulment or other legal termination of the marriage between the Participant and such person shall automatically revoke such designation. (The foregoing shall not prevent the Participant from designating a former spouse as a Beneficiary
on a form executed by the Participant and received by the Plan Administrator after the date of the legal termination of the marriage between the Participant and such former spouse, and during the Participant’s lifetime.)

  

	 	(d)	Any designation of a nonspouse Beneficiary by name that is accompanied by a description of relationship to the Participant shall be given effect without regard to whether the
relationship to the Participant exists either then or at the Participant’s death. 

  

	 	(e)	Any designation of a Beneficiary only by statement of relationship to the Participant shall be effective only to designate the person or persons standing in such relationship to the
Participant at the Participant’s death. 

 A Beneficiary designation is permanently void if it either is executed or is filed by a
Participant who, at the time of such execution or filing, is then a minor under the law of the state of the Participant’s legal residence. The Plan Administrator shall be the sole judge of the content, interpretation and validity of a purported
Beneficiary designation. 
 6.6. No Spousal Rights. Prior to the death of the Participant, no spouse or surviving spouse of a Participant and no
person designated to be a Beneficiary shall have any rights or interest in the benefits credited under this Plan including, but not limited to, the right to be the sole Beneficiary or to consent to the designation of Beneficiaries (or the changing
of designated Beneficiaries) by the Participant. 
 6.7. Death Prior to Full Distribution. If, at the death of the Participant, any payment to the
Participant was due or otherwise pending but not actually paid, the amount of such payment shall be included in the Account which are payable to the Beneficiary (and shall not be paid to the Participant’s estate). 
  

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 6.8. Facility of Payment. In case of the legal disability, including minority, of a Participant or Beneficiary
entitled to receive any distribution under this Plan, payment shall be made, if the Plan Administrator shall be advised of the existence of such condition: 
  

	 	(a)	to the duly appointed guardian, conservator or other legal representative of such Participant or Beneficiary, or 

  

	 	(b)	to a person or institution entrusted with the care or maintenance of the incompetent or disabled Participant or Beneficiary, provided such person or institution has satisfied the
Plan Administrator that the payment will be used for the best interest and assist in the care of such Participant or Beneficiary, and provided further, that no prior claim for said payment has been made by a duly appointed guardian, conservator or
other legal representative of such Participant or Beneficiary. 

 Any payment made in accordance with the foregoing provisions of this section
shall constitute a complete discharge of any liability or obligation of the Plan Administrator therefor. 
 SECTION 7 
 GENERAL MATTERS 
 7.1. Amendment and Termination. 
 7.1.1. Before a Change in Control. Prior to the occurrence of a Change in Control,
the Committee may unilaterally amend the Plan Statement prospectively, retroactively or both, at any time and for any reason deemed sufficient by it without notice to any person affected by this Plan and may likewise terminate this Plan both with
regard to persons expecting to receive benefits in the future; provided, however, that: 
  

	 	(a)	the benefit, if any, payable to or with respect to a Participant who has had a Termination of Employment as of the effective date of such amendment or the effective date of such
termination shall not be, without the written consent of the Participant, diminished by such amendment or termination, and 

  

	 	(b)	the benefit, if any, payable to or with respect to each other Participant determined as if such Participant had a Termination of Employment on the effective date of such amendment
or the effective date of such termination shall not be, without the written consent of the Participant, diminished by such amendment or termination. 

 7.1.2. After a Change in Control. 
  

	 	(a)	Existing Participants. After the occurrence of a Change in Control, the Committee may only amend the Plan Statement or terminate this Plan as applied to Participants who are
Participants on the date of the Change in Control if: 

  

	 	(i)	all benefits payable to or with respect to persons who were Participants as of the Change in Control (including benefits earned before and benefits earned after the Change in
Control) have been paid in full, or 

  

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	 	(ii)	eighty percent (80%) of all the Participants determined as of the date of the Change in Control give knowing and voluntary written consent to such amendment or termination.

  

	 	(b)	New Participants. After the occurrence of a Change in Control, as applied to Participants who are not Participants on the date of the Change in Control, the Committee may
unilaterally amend the Plan Statement prospectively, retroactively or both, at any time and for any reason deemed sufficient by it without notice to any person affected by this Plan and may likewise terminate this Plan. 

 7.1.3. No Oral Amendments. No modification of the terms of the Plan Statement or termination of the Plan shall be effective unless it is in
writing and signed on behalf of the Committee by a person authorized to execute such writing. No oral representation concerning the interpretation or effect of the Plan Statement shall be effective to amend the Plan Statement. 
 7.1.4. No Amendment to Section 5. No amendment may be made to Section 5 of the Plan Statement. 
 7.1.5. Plan Binding on Successors. Apogee will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise
to all or substantially all of the business and/or assets of Apogee), by agreement, to expressly assume and agree to perform this Plan in the same manner and to the same extent that Apogee would be required to perform it if no such succession had
taken place. 
 7.1.6. Termination. Following a termination of the Plan, Deferred Compensation Accounts shall remain in the Plan until
the Participant becomes eligible for the benefits provided in Section 4. The termination of the Plan shall not adversely affect any Participant or Beneficiary who has become entitled to the payment of any benefits under the Plan as of the date
of termination. Notwithstanding the foregoing, to the extent permissible under section 409A of the Internal Revenue Code and related Treasury regulations and guidance, if there is a termination of the Plan with respect to all Participants, the
Committee shall have the right, in its sole discretion, and notwithstanding any elections made by the Participant, to immediately pay all benefits in a lump sum following such termination of the Plan. 
 7.2. ERISA Administrator. Apogee shall be the plan administrator of this Plan. 
 7.3. Service of Process. In the absence of any designation to the contrary by Apogee, the Secretary of Apogee is designated as the appropriate and exclusive agent
for the receipt of service of process directed to this Plan in any legal proceeding, including arbitration, involving this Plan. 
  

 -10- 

 7.4. Administrative Determinations. The Committee shall make such determinations as may be required from time to
time in the administration of this Plan. The Committee shall have the discretionary authority and responsibility to interpret and construe the Plan Statement and to determine all factual and legal questions under this Plan, including but not limited
to the entitlement of Participants and others, and the amounts of their respective interests. Each interested party may act and rely upon all information reported to them hereunder and need not inquire into the accuracy thereof, nor be charged with
any notice to the contrary. 
 7.5. Rules and Regulations. Any rule not in conflict or at variance with the provisions hereof may be adopted by the
Committee. 
 7.6. Certifications. Information to be supplied or written notices to be made or consents to be given by the Committee pursuant to any
provision of the Plan Statement may be signed in the name of the Committee by any member who has been authorized to make such certification or to give such notices or consents. 
 7.7. Errors in Computations. Apogee nor the Committee shall not be liable or responsible for any error in the computation of any benefit payable to or with respect to any Participant resulting from any
misstatement of fact made by the Participant or by or on behalf of any survivor to whom such benefit shall be payable, directly or indirectly, to Apogee, and used by the Apogee in determining the benefit. Apogee shall not be obligated or required to
increase the benefit payable to or with respect to such Participant which, on discovery of the misstatement, is found to be understated as a result of such misstatement of the Participant. However, the benefit of any Participant which is overstated
by reason of any such misstatement or any other reason shall be reduced to the amount appropriate in view of the truth (and to recover any prior overpayment by offset or other legal process). 
 SECTION 8 
 CLAIMS PROCEDURE 
 Without limiting the generality of the following, an application for benefits under Section 3 shall be processed as a claim for the purposes of this section.

 8.1. Original Claim. Any person may file with the Committee a written claim for benefits under this Plan. Within ninety (90) days after the
filing of such a claim, the Committee shall notify the claimant in writing whether his or her claim is upheld or denied in whole or in part or shall furnish the claimant a written notice describing specific special circumstances requiring a
specified amount of additional time (but not more than one hundred eighty days from the date the claim was filed) to reach a decision on the claim. If the claim is denied in whole or in part, the Committee shall state in writing: 
  

	 	(a)	the specific reasons for the denial; 

  

	 	(b)	the specific references to the pertinent provisions of the Plan Statement on which the denial is based; 

  

 -11- 

	 	(c)	a description of any additional material or information necessary for the claimant to perfect the claim and an explanation of why such material or information is necessary; and

  

	 	(d)	an explanation of the claims review procedure set forth in this section. 

 8.2. Claims Review Procedure. Within sixty (60) days after receipt of notice that his or her claim has been denied in whole or in part, the claimant may file with the Committee a written request for a review and may, in
conjunction therewith, submit written issues and comments. Within sixty (60) days after the filing of such a request for review, the Committee shall notify the claimant in writing whether, upon review, the claim was upheld or denied in whole or
in part or shall furnish the claimant a written notice describing specific special circumstances requiring a specified amount of additional time (but not more than one hundred twenty days from the date the request for review was filed) to reach a
decision on the request for review. 
 8.3. General Rules. 
  

	 	(a)	No inquiry or question shall be deemed to be a claim or a request for a review of a denied claim unless made in accordance with the claims procedure. The Committee may require that
any claim for benefits and any request for a review of a denied claim be filed on forms to be furnished by the Committee upon request. 

  

	 	(b)	All decision on claims and on requests for a review of denied claims shall be made by the Committee. 

  

	 	(c)	The Committee may, in its discretion, hold one or more hearings on a claim or a request for a review of a denied claim. 

  

	 	(d)	Claimants may be represented by a lawyer or other representative (at their own expense), but the Committee reserves the right to require the claimant to furnish written
authorization. A claimant’s representative shall be entitled to receive copies of notices sent to the claimant. 

  

	 	(e)	The decision of the Committee on a claim and on a request for a review of a denied claim shall be served on the claimant in writing. If a decision or notice is not received by a
claimant within the time specified, the claim or request for a review of a denied claim shall be deemed to have been denied. 

  

	 	(f)	Prior to filing a claim or a request for a review of a denied claim, the claimant or his or her representative shall have a reasonable opportunity to review a copy of the Plan
Statement and all other pertinent documents in the possession of Apogee. 

  

	 	(g)	The Committee may permanently or temporarily delegate all or a portion of its authority and responsibility under this Section to a another committee or to an individual.

  

 -12- 

	 	(h)	The procedures and remedies herein are not exclusive. Subsequent to a Change in Control, a Participant or surviving spouse of a Participant shall not be required to exhaust these
administrative remedies. If there is litigation regarding the benefits payable to or with respect to a Participant, then notwithstanding Section 7.4, determinations made by the Committee subsequent to a Change in Control (even if such
determinations relate to events occurring wholly or partially before the Change in Control) shall not be afforded any deference and the matter shall be heard de novo. 

  

	 	(i)	If any Participant successfully litigates, in whole or in part, any claim for benefits under this Plan, the court shall award reasonable attorney’s fees and costs of the action
to the Participant. 

 SECTION 9 
 CONSTRUCTION 
 9.1. ERISA Status. This Plan is adopted with the understanding that it is an unfunded plan
maintained primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees as provided in section 201(2), section 301(3) and section 401(a)(1) of ERISA. Each provision
shall be interpreted and administered accordingly. 
 9.2. IRC Status. This Plan is intended to be a nonqualified deferred compensation arrangement.
The rules of section 401(a) et. seq. of the Code shall not apply to this Plan. The rules of section 3121(v) and section 3306(r)(2) of the Code shall apply to this Plan. The rules of section 409A of the Code shall apply to
this Plan to the extent applicable and this Plan Statement shall be construed and administered accordingly. Apogee has affirmatively determined that all amounts deferred under the Plan that were earned and vested before January 1, 2005, shall
not be subject to section 409A of the Code (i.e., will be “grandfathered” under the law as it existed before section 409A of the Code) and this Plan Statement shall be construed and administered accordingly. Notwithstanding the
foregoing, neither Apogee nor any of its officers, directors, agents or affiliates shall be obligated, directly or indirectly, to any Participant or any other person for any taxes, penalties, interest or like amounts that may be imposed on the
Participant or other person on account of any amounts under this Plan or on account of any failure to comply with any Code section. 
 9.3.
Disqualification. Notwithstanding any other provision of the Plan Statement or any election or designation made under this Plan, any individual who feloniously and intentionally kills a Participant shall be deemed for all purposes of this
Plan and all elections and designations made under this Plan to have died before such Participant. A final judgment of conviction of felonious and intentional killing is conclusive for this purpose. In the absence of a conviction of felonious and
intentional killing, Apogee shall determine whether the killing was felonious and intentional for this purpose. 
 9.4. Rules of Document
Construction. Whenever appropriate, words used herein in the singular may be read in the plural, or words used herein in the plural may be read in the singular; the masculine may include the feminine; and the words “hereof,”
“herein” or “hereunder” or other 
  

 -13- 

 similar compounds of the word “here” shall mean and refer to the entire Plan Statement and not to any
particular paragraph or Sections of the Plan Statement unless the context clearly indicates to the contrary. The titles given to the various Sections of the Plan Statement are inserted for convenience of reference only and are not part of the Plan
Statement, and they shall not be considered in determining the purpose, meaning or intent of any provision hereof. Notwithstanding any thing apparently to the contrary contained in the Plan Statement, the Plan Statement shall be construed and
administered to prevent the duplication of benefits provided under this Plan and any other qualified or nonqualified plan maintained in whole or in part by Apogee. 
 9.5. References to Laws. Any reference in the Plan Statement to a statute or regulation shall be considered also to mean and refer to any subsequent amendment or replacement of that statute or regulation. 
 9.6. Effect on Employment. Neither the terms of the Plan Statement nor the benefits under this Plan nor the continuance thereof shall be a term of the employment
of any employee. Apogee shall not be obliged to continue this Plan. The terms of this Plan shall not give any employee the right to be retained in the employment of any employer. 
 9.7. Choice of Law. This instrument has been executed and delivered in the State of Minnesota and has been drawn in conformity to the laws of that State and shall, except to the extent that federal law is
controlling, be construed and enforced in accordance with the laws of the State of Minnesota. 
 9.8. Delegation. No person shall be liable for an act
or omission of another person with regard to a responsibility that has been allocated to or delegated to such other person pursuant to the terms of the Plan Statement or pursuant to procedures set forth in the Plan Statement. 
 9.9. Not an Employment Contract. This Plan is not and shall not be deemed to constitute a contract of employment between any Employer and any employee or other
person, nor shall anything herein contained be deemed to give any employee or other person any right to be retained in any Employer’s employ or in any way limit or restrict any Employer’s right or power to discharge any employee or other
person at any time and to treat him without regard to the effect which such treatment might have upon him as a Participant in this Plan. 
 9.10. Tax
Withholding. The Employers (or any other person legally obligated to do so) shall withhold the amount of any federal, state or local income tax, payroll tax or other tax required to be withheld under applicable law with respect to any amount
payable under this Plan. All benefits otherwise due hereunder shall be reduced by the amount to be withheld. 
 9.11.
Expenses. All expenses of administering the benefits due under this Plan shall be borne by the Employers. 
 9.12. Spendthrift Provision. No
Participant or Beneficiary shall have any interest in any Account which can be transferred nor shall any Participant or Beneficiary have any power to anticipate, alienate, dispose of, pledge or encumber the same while in the possession or control of
the Employers. The Plan Administrator shall not recognize any such effort to convey any interest under this Plan. No benefit payable under this Plan shall be subject to attachment, garnishment, execution following judgment or other legal process
before actual payment to such person. 
  

 -14- 

 The power to designate Beneficiaries to receive the Account of a Participant in the event of such Participant’s
death shall not permit or be construed to permit such power or right to be exercised by the Participant so as thereby to anticipate, pledge, mortgage or encumber such Participant’s Account or any part thereof, and any attempt of a Participant
so to exercise said power in violation of this provision shall be of no force and effect and shall be disregarded by the Employers. 
 This section shall not
prevent the Plan Administrator from exercising, in its discretion, any of the applicable powers and options granted to it upon the occurrence of a Separation From Service, as such powers may be conferred upon it by any applicable provision hereof.

 9.13. Certifications. Information to be supplied or written notices to be made or consents to be given by the Plan Administrator pursuant to any
provision of this Plan may be signed in the name of the Plan Administrator by any officer who has been authorized to make such certification or to give such notices or consents. 
 9.14. Errors in Computations. Participants shall be obligated to furnish such information (including but not limited to current mailing addresses, social security numbers, marital status, dates of birth and the
like) as the Plan Administrator may from time to time require for the effective and efficient administration of this Plan. The Plan Administrator shall not be liable or responsible for any error in the computation of any benefit payable to or with
respect to any Participant resulting from any misstatement of fact made by the Participant or by or on behalf of any survivor to whom such benefit shall be payable, directly or indirectly, to the Plan Administrator, and used by the Plan
Administrator in determining the benefit. The Plan Administrator shall not be obligated or required to increase the benefit payable to or with respect to such Participant which, on discovery of the misstatement, is found to be understated as a
result of such misstatement of the Participant. However, the benefit of any Participant which is overstated by reason of any such misstatement or any other reason shall be reduced to the amount appropriate in view of the truth (and to recover any
prior overpayment). 
 Dated: October 13, 2006 
  

			
	APOGEE ENTERPRISES, INC.
		
	By	 	 /s/ Russell Huffer

	Its	 	Chairman and Chief Executive Officer

  

 -15-Apogee Enterprises, Inc. Deferred Compensation Plan

 EXHIBIT 10.4 
 APOGEE ENTERPRISES, INC. 
 DEFERRED COMPENSATION PLAN 
 FOR NON-EMPLOYEE DIRECTORS 
 (2005
Restatement) 
 (Amended and Restated Effective as of January 1, 2005) 

 APOGEE ENTERPRISES, INC. 
 DEFERRED COMPENSATION PLAN 
 FOR NON-EMPLOYEE DIRECTORS 
 (2005 Restatement) 
 TABLE OF
CONTENTS 
  

									
	 	  	 	  	 	    	 	  	Page
	SECTION 1.	  	ESTABLISHMENT AND PURPOSE	  	1
				
		  	1.1.	  	Establishment	  	
		  	1.2.	  	Purpose	  	
			
	SECTION 2.	  	DEFINITIONS	  	1
				
		  	2.1.	  	Definitions	  	
		  		  	2.1.1.	    	Board	  	
		  		  	2.1.2.	    	Committee	  	
		  		  	2.1.3.	    	Common Stock	  	
		  		  	2.1.4.	    	Company	  	
		  		  	2.1.5.	    	Deferral Election Form	  	
		  		  	2.1.6.	    	Deferred Payment Form	  	
		  		  	2.1.7.	    	Deferred Stock Account	  	
		  		  	2.1.8.	    	Election Amount	  	
		  		  	2.1.9.	    	Eligible Director	  	
		  		  	2.1.10.	    	Fair Market Value	  	
		  		  	2.1.11.	    	Fees	  	
		  		  	2.1.12.	    	Incentive Amount	  	
		  		  	2.1.13.	    	Maturity Date	  	
		  		  	2.1.14.	    	Non-Employee Director	  	
		  		  	2.1.15.	    	Participant	  	
		  		  	2.1.16.	    	Participating Director	  	
		  		  	2.1.17.	    	Plan	  	
		  		  	2.1.18.	    	Plan Year	  	
		  		  	2.1.19.	    	Retainer	  	
		  		  	2.1.20.	    	Stock Deferral Election	  	
		  		  	2.1.21.	    	Termination from Board	  	
		  	2.2.	  	Gender and Number	  	
			
	SECTION 3.	  	ELIGIBILITY FOR PARTICIPATION	  	3

  

 -i- 

							
	SECTION 4.	  	ELECTION TO DEFER RECEIPT OF RETAINER AND FEES	  	3
				
		  	4.1.	  	Election to Receive Common Stock at a Later Date in Lieu of Cash	  	
		  	4.2.	  	Credits to Deferred Stock Account	  	
		  	4.3.	  	Manner of Making Deferral Election	  	
		  	4.4.	  	Dividend Credit	  	
		  	4.5.	  	Fair Market Value	  	
		  	4.6.	  	Termination of Service as a Director	  	
			
	SECTION 5.	  	SHARES AVAILABLE FOR ISSUANCE	  	5
				
		  	5.1.	  	Maximum Number of Shares Available	  	
		  	5.2.	  	Adjustments to Shares	  	
			
	SECTION 6.	  	DEFERRAL PAYMENT AND ISSUANCE OF COMMON STOCK	  	5
				
		  	6.1.	  	Maturity of Deferred Stock Account	  	
		  	6.2.	  	Form of Deferral Payment	  	
		  	6.3.	  	Payment of Deferred Stock Accounts in a Lump Sum	  	
		  	6.4.	  	Payment of Deferred Stock Accounts in Installments	  	
		  	6.5.	  	Payment of Deferred Stock Accounts – Change of Control	  	
			
	SECTION 7.	  	DESIGNATION OF BENEFICIARIES	  	6
				
		  	7.1.	  	Right to Designate	  	
		  	7.2.	  	Failure of Designation	  	
		  	7.3.	  	Disclaimers by Beneficiaries	  	
		  	7.4.	  	Definitions	  	
		  	7.5.	  	Special Rules	  	
		  	7.6.	  	No Spousal Rights	  	
		  	7.7.	  	Death Prior to Full Distribution	  	
		  	7.8.	  	Facility of Payment	  	
			
	SECTION 8.	  	NONTRANSFERABILITY	  	9
			
	SECTION 9.	  	LIMITATION ON RIGHTS OF ELIGIBLE DIRECTORS AND PARTICIPATING DIRECTORS	  	9
				
		  	9.1.	  	Service as a Director	  	
		  	9.2.	  	Nonexclusivity of the Plan	  	
			
	SECTION 10.	  	PLAN AMENDMENT, MODIFICATION AND TERMINATION	  	10
			
	SECTION 11.	  	PARTICIPANTS ARE GENERAL CREDITORS OF THE COMPANY	  	10

  

 -ii- 

							
	SECTION 12.	  	CHANGE OF CONTROL	  	11
				
		  	12.1.	    	Change of Control	  	
		  	12.2.	    	Continuing Director	  	
			
	SECTION 13.	  	CLAIMS PROCEDURE	  	12
				
		  	13.1.	    	Original Claim	  	
		  	13.2.	    	Claims Review Procedure	  	
		  	13.3.	    	General Rules	  	
			
	SECTION 14.	  	MISCELLANEOUS	  	14
				
		  	14.1.	    	Securities Law and Other Restrictions	  	
		  	14.2.	    	Governing Law	  	
		  	14.3.	    	ERISA Administrator	  	
		  	14.4.	    	Service of Process	  	
		  	14.5.	    	Administrative Determinations	  	
		  	14.6.	    	Rules and Regulations	  	
		  	14.7.	    	Errors in Computations	  	
		  	14.8.	    	ERISA Status	  	
		  	14.9.	    	IRC Status	  	

 APOGEE ENTERPRISES, INC. 
 DEFERRED COMPENSATION PLAN 
 FOR NON-EMPLOYEE DIRECTORS 
 (2005 Restatement) 
 SECTION 1

 ESTABLISHMENT AND PURPOSE 
 1.1.
Establishment. Apogee Enterprises, Inc., a Minnesota corporation, together with any and all subsidiaries established effective as of January 31, 1998, a deferred compensation plan for the non-employee members of its Board which shall be
known as the Deferred Compensation Plan for Non-Employee Directors (hereinafter called the “Plan”). Apogee reserved to itself, by action of the Compensation Committee of the Board of Directors, to amend this Plan and has done so on prior
occasions. By the adoption of this 2005 Restatement, Apogee does hereby completely amend and restate the terms of the Plan in this Plan Statement. 
 1.2.
Purpose. The purpose of this Plan is to provide a means whereby amounts payable by the Company to its Non-Employee Directors for services as a member of the Company’s Board may be deferred to some future period. It is also the purpose of
this Plan to motivate such Non-Employee Directors to continue to make contributions to the growth and profits of the Company and to increase their ownership of shares of Common Stock, and thereby align their interests in the long-term success of the
Company with that of the other shareholders. This will be accomplished by allowing each Participating Director to elect voluntarily to receive all or a portion of his or her retainer and fees in the form of shares of deferred Common Stock pursuant
to an irrevocable election made under this Plan. 
 SECTION 2 
 DEFINITIONS 
 2.1. Definitions. When the following terms are used herein with initial
capital letters, they shall have the following meanings: 
 2.1.1. Board — the Board of Directors of the Company. 
 2.1.2. Committee — the Compensation Committee of the Board, which Committee is composed solely of two or more Non-Employee Directors (as
defined in Rule 16b-3 promulgated under the Securities Exchange Act of 1934, as amended). 
 2.1.3. Common Stock — the
common stock, par value $0.33 1/3 per share, of Apogee Enterprises, Inc. 
 2.1.4. Company — Apogee Enterprises, Inc., a
Minnesota corporation, together with all its subsidiaries. 

 2.1.5. Deferral Election Form — the irrevocable election to defer the receipt of Fees and
Retainer as provided for in Section 4.3 of this Plan. 
 2.1.6. Deferred Payment Form — the irrevocable payment election of
the Participant’s Deferred Stock Account. 
 2.1.7. Deferred Stock Account — the account established pursuant to
Section 4.2 of this Plan. 
 2.1.8. Election Amount — the amount of the Retainer and Fees the Participating Director elects
to defer as set forth in Section 4.1 of this Plan. 
 2.1.9. Eligible Director — any Non-Employee Director of the Company as
set forth in Section 3 of this Plan. 
 2.1.10. Fair Market Value — the value as set forth in Section 4.5 of this Plan.

 2.1.11. Fees — the amount payable to a Director for attendance at Board meetings or meetings of committees of the Board.

 2.1.12. Incentive Amount — 10% of the Election Amount that is designated an added benefit given to Participating Directors
from the Company as set forth in Section 4.1 of this Plan. 
 2.1.13. Maturity Date — the date set forth in Section 6.1
of this Plan. 
 2.1.14. Non-Employee Director — an individual who is a member of the Board but who is not an employee of the
Company or any of its subsidiaries. 
 2.1.15. Participant — a person who is a Non-Employee Director who has elected to defer
such fees and retainers under this Plan, or a person who, prior to the time of Termination from Board had elected to defer such compensation under this Plan and who retains, or whose beneficiaries retain, benefits under the Plan and in accordance
with its terms. 
 2.1.16. Participating Director — has the meaning set forth in Section 4.1. 
 2.1.17. Plan — this Deferred Compensation Plan, as it may be amended from time to time. 
 2.1.18. Plan Year — the 12-month period beginning January 1 and ending December 31. There was a short Plan Year from
July 1-December 31, 2005. Plan Years prior to July 1, 2005, began on July 1 and ended June 30 of each year. 
 2.1.19. Retainer — the annual amount payable to a Director for services rendered as a Director. 
 2.1.20. Stock
Deferral Election — the election made pursuant to Section 4.1 of this Plan. 
  

 -2- 

 2.1.21. Termination from Board — a Participant’s membership on the Board terminates
under any circumstances. However when the term “Termination from Board” is used in the Plan Statement in connection with Post 2004 Account, it shall be construed to have the same meaning consistent with the term “Separation from
Service” as used in section 409A of the Code. 
 2.2. Gender and Number. Except when otherwise indicated by the context, any masculine
terminology when used in the Plan shall also include the feminine gender, and the definition of any term herein in the singular shall also include the plural. 
 SECTION 3 
 ELIGIBILITY FOR PARTICIPATION 
 Any Non-Employee Director of the Company shall be eligible to participate in this Plan (an “Eligible Director”). In the event a Participant no longer meets the
requirements for participation in this Plan, the Participant shall become an inactive Participant, retaining all the rights described under this Plan, except the right to make any further deferrals, until the time that the Participant again becomes
an active Participant or receives a complete distribution of the Participant’s Deferred Stock Account. 
 SECTION 4 
 ELECTION TO DEFER RECEIPT OF RETAINER AND FEES 
 4.1.
Election to Receive Common Stock at a Later Date in Lieu of Cash. On forms provided by the Company, each Eligible Director who decides to participate may irrevocably elect to defer receipt of cash equal to 25%, 50%, 75% or 100% of the sum of
the annual Retainer and any Fees. The amounts to be deferred will be in the form of a Common Stock credit to the Participating Director’s Deferred Stock Account, as set forth in Section 4.2 hereof, for the amount of the Retainer and Fees
the Participating Director elects to defer plus an amount equal to 10% of the Election Amount designated as an incentive benefit given to Participating Directors from the Company. The Stock Deferral Election shall be made pursuant to
Section 4.3. Any Stock Deferral Election may only be amended or revoked for a subsequent Plan Year, by completing a new Deferral Election Form and filing it with the Company prior to the beginning of such Plan Year as provided in
Section 4.3. 
 4.2. Credits to Deferred Stock Account. Credits to each Participant’s Deferred Stock Account shall be made quarterly as of
the last business day of each calendar quarter. The amount credited for each quarter shall include the Fees earned by the Participating Director for meetings attended during the calendar quarter and 25% of the amount of the annual Retainer for the
applicable Plan Year for which the Participating Director chose to defer receipt of cash, plus the Incentive Amount described in Section 4.1. The credit to the Deferred Stock Account shall be in the form of stock units in a number equal to the
number of shares of Common Stock 
  

 -3- 

 having a Fair Market Value, as defined in Section 4.5, equal to the amount of the Retainer and Fees so elected for
deferral for the applicable quarter plus the Incentive Amount. Amounts credited to the Deferred Stock Accounts shall be rounded to the nearest one-hundredth share. In the event that a Participating Director elects to defer less than 100% of the
Retainer and Fees in shares of Common Stock, he shall receive the balance of the payment in cash. 
 4.3. Manner of Making Deferral Election. A
Participating Director may elect to defer payment of the Retainer and payment of Fees pursuant to this Plan by filing, at any time prior to the beginning of a Plan Year (or by such earlier date as the Administrative Committee shall determine), an
irrevocable election with the Company on a form provided for that purpose, except that any person who is first elected to the Board after the beginning of a Plan Year may make a Stock Deferral Election for that Plan Year within thirty (30) days
of becoming eligible to participate in this Plan. The Deferral Election Form shall specify an amount to be deferred expressed as a percentage of the Participating Director’s Retainer and Fees. In all circumstances, the first credit to a
Participant’s Deferred Stock Account will only include the Retainer and Fees for services performed after the effective date of the Deferral Election Form. 
 4.4. Dividend Credit. Each time a cash dividend is paid on the Common Stock of the Company, the Participating Director shall receive a credit of stock units to Participating Director’s Deferred Stock Account as of the last
business day of the calendar quarter in which the dividend was paid. The number of stock units credited shall be the number equal to that number of shares of Common Stock (rounded to the nearest one-hundredth of a share) having a Fair Market Value,
as defined in Section 4.5, on the last business day of the applicable calendar quarter equal to the amount of the dividend that would have been payable on the number of shares of Common Stock equal to the number of stock units credited to the
Participating Director’s Deferred Stock Account on the dividend record date. 
 4.5. Fair Market Value. For purposes of converting dollar amounts
into shares of Common Stock, the Fair Market Value of each share of Common Stock shall be equal to the closing price of one share of the Common Stock on the Nasdaq Stock Market (or other exchange on which the shares of Common Stock are then listed
and primarily traded) on the applicable crediting date or payment date. 
 4.6. Termination of Service as a Director. If a Participating Director
leaves the Board before the conclusion of any calendar quarter, the Participating Director will be paid the quarterly installment of the Retainer and Fees entirely in cash, notwithstanding that a Stock Deferral Election made by such Participating
Director is on file with the Company. The date of termination of a Participating Director’s service as a Director of the Company will be deemed to be the date of termination recorded on the personnel or other records of the Company. 

 

 -4- 

 SECTION 5 
 SHARES AVAILABLE FOR ISSUANCE 
 5.1. Maximum Number of Shares Available. The maximum number of shares of
Common Stock that will be available for issuance under this Plan will be 200,000 shares, subject to any adjustments made in accordance with the provisions of Section 5.2. The shares of Common Stock available for issuance under this Plan shall
be authorized but unissued shares. 
 5.2. Adjustments to Shares. In the event of any reorganization, merger, consolidation, recapitalization,
liquidation, reclassification, stock dividend, stock split, combination of shares, rights offering, divestiture or extraordinary dividend, an appropriate adjustment will be made in the number and/or kind of securities available for issuance under
this Plan to prevent either the dilution or the enlargement of the rights of the Eligible Directors and Participating Directors. 
 SECTION
6 
 DEFERRAL PAYMENT AND ISSUANCE OF COMMON STOCK 
 6.1. Maturity of Deferred Stock Account. A Participant’s account shall become payable to (or with respect to) a Participant upon the earliest of, or upon the occurrence of, one of the following events (the
“Maturity Date”), as elected by the Participant in the Deferral Election Form: 
  

	 	(a)	The Participant’s Termination from Board, 

  

	 	(b)	A date selected by the Participant, 

  

	 	(c)	The Participant reaches seventy (70) years of age, or 

  

	 	(d)	The Participant’s death. 

 6.2. Form of Deferral Payment. At
the time of making the Stock Deferral Election, each Participating Director shall also complete a deferral payment election specifying one of the payment options described in Sections 6.3 and 6.4, and an election pursuant to Section 6.1
for the Maturity Date. The deferral payment election shall be irrevocable as to all amounts credited to the Participating Director’s Deferred Stock Account. The Participating Director may change the deferral payment election by completing a
Deferred Payment Form and filing it with the Company, such change will only apply to deferrals credited in a subsequent Plan Year. 
 6.3. Payment of
Deferred Stock Accounts in a Lump Sum. Unless a Participating Director elects to receive payment of the Participating Director’s Deferred Stock Account in installments as described in Section 6.4, credits to a Participating
Director’s Deferred Stock Account shall be payable in full on the first business day of the calendar year following the Maturity Date. If the provisions of Section 7 become applicable and a Participating Director’s designated
beneficiary or beneficiaries are entitled to receive payment, such distributions shall, 
  

 -5- 

 in all cases, be made in a lump sum in accordance with this Section and not Section 6.4 of this Plan. All payments
shall be made in shares of Common Stock, with one share of Common Stock issued for each stock unit credited to the Participating Director’s Deferred Stock Account, plus cash in lieu of any fractional share. 
 6.4. Payment of Deferred Stock Accounts in Installments. A Participating Director may elect to have the Participating Director’s Deferred Stock Account paid
in annual installments following the Maturity Date. All payments shall be made in shares of Common Stock, with one share of Common Stock issued for each stock unit credited to the Participating Director’s Deferred Stock Account, plus cash in
lieu of any fractional share. All installment payments shall be made annually beginning on the first business day of the calendar year following the Maturity Date, with subsequent installments paid on the first business day of each subsequent
calendar year. The amount of each installment payment shall be computed as the number of stock units credited to the Participating Director’s Deferred Stock Account on the relevant installment payment date, multiplied by a fraction, the
numerator of which is one and the denominator of which is the total number of installments elected (not to exceed 10) minus the number of installments previously paid. Amounts paid prior to the final installment payment shall be rounded to the
nearest whole number of shares; the final installment payment shall be for the whole number of stock units then credited to the Participating Director’s Deferred Stock Account, together with cash in lieu of any fractional share. 
 6.5. Payment of Deferred Stock Accounts – Change of Control. Notwithstanding Sections 6.3 and 6.4, in the event of a Change of Control (as defined in
Section 12), credits to a Participating Director’s Deferred Stock Account immediately prior to the effective time of the transaction constituting the Change of Control shall be paid in full to the Participating Director or the
Participating Director’s beneficiary or estate, as the case may be, either in whole shares of Common Stock (together with cash in lieu of a fractional share) or, if the holders of Common Stock generally are to receive other consideration in
such Change of Control transaction, in the consideration per share of Common Stock to be received by such holders of Common Stock, in either case, on the business day immediately after the effective date of the transaction. 
 SECTION 7 
 DESIGNATION OF
BENEFICIARIES 
 7.1. Right to Designate. Each Participant may designate, upon forms to be furnished by and filed with the Plan Administrator, one
or more primary Beneficiaries or alternative Beneficiaries to receive all or a specified part of such Participant’s Deferred Stock Account in the event of such Participant’s death. The Participant may change or revoke any such designation
from time to time without notice to or consent from any Beneficiary. No such designation, change or revocation shall be effective unless executed by the Participant and received by the Company during the Participant’s lifetime. 
 7.2. Failure of Designation. If a Participant: 
  

	 	(a)	fails to designate a Beneficiary, 

  

 -6- 

	 	(b)	designates a Beneficiary and thereafter revokes such designation without naming another Beneficiary, or 

  

	 	(c)	designates one or more Beneficiaries and all such Beneficiaries so designated fail to survive the Participant, 

 such Participant’s Deferred Stock Account, or the part thereof as to which such Participant’s designation fails, as the case may be, shall be payable to the
first class of the following classes of automatic Beneficiaries with a member surviving the Participant and (except in the case of surviving issue) in equal shares if there is more than one member in such class surviving the Participant: 

Participant’s surviving spouse 
 Participant’s surviving issue per stirpes and not per capita 
 Participant’s surviving parents 
 Participant’s surviving brothers and sisters 
 Representative of Participant’s estate. 
 7.3. Disclaimers by Beneficiaries. A Beneficiary entitled to a distribution of all or a
portion of a deceased Participant’s Deferred Stock Account may disclaim an interest therein subject to the following requirements. To be eligible to disclaim, a Beneficiary must be a natural person, must not have received a distribution of all
or any portion of the Deferred Stock Account at the time such disclaimer is executed and delivered, and must have attained at least age twenty-one (21) years as of the date of the Participant’s death. Any disclaimer must be in writing and
must be executed personally by the Beneficiary before a notary public. A disclaimer shall state that the Beneficiary’s entire interest in the undistributed Deferred Stock Account is disclaimed or shall specify what portion thereof is
disclaimed. To be effective, duplicate original executed copies of the disclaimer must be both executed and actually delivered to the Company after the date of the Participant’s death but not later than one hundred eighty (180) days after
the date of the Participant’s death. A disclaimer shall be irrevocable when delivered to the Company. A disclaimer shall be considered to be delivered to the Company only when actually received by the Company. The Company shall be the sole
judge of the content, interpretation and validity of a purported disclaimer. Upon the filing of a valid disclaimer, the Beneficiary shall be considered not to have survived the Participant as to the interest disclaimed. A disclaimer by a Beneficiary
shall not be considered to be a transfer of an interest in violation of the provisions of Section 8 and shall not be considered to be an assignment or alienation of benefits in violation of federal law prohibiting the assignment or alienation
of benefits under this Plan. No other form of attempted disclaimer shall be recognized by the Company. 
 7.4. Definitions. When used herein and,
unless the Participant has otherwise specified in the Participant’s Beneficiary designation, when used in a Beneficiary designation, “issue” means all persons who are lineal descendants of the person whose issue are referred to,
including legally adopted descendants and their descendants but not including illegitimate descendants and their descendants; “child” means an issue of the first generation; “per stirpes” means in equal shares among living
children of the person whose issue are referred to and the issue (taken collectively) of each deceased child of such person, with such issue taking by right of representation of such deceased child; and “survive” and “surviving”
mean living after the death of the Participant. 
  

 -7- 

 7.5. Special Rules. Unless the Participant has otherwise specified in the Participant’s Beneficiary
designation, the following rules shall apply: 
  

	 	(a)	If there is not sufficient evidence that a Beneficiary was living at the time of the death of the Participant, it shall be deemed that the Beneficiary was not living at the time of
the death of the Participant. 

  

	 	(b)	The automatic Beneficiaries specified in Section 7.2 and the Beneficiaries designated by the Participant shall become fixed at the time of the Participant’s death so that,
if a Beneficiary survives the Participant but dies before the receipt of all payments due such Beneficiary hereunder, such remaining payments shall be payable to the representative of such Beneficiary’s estate. 

  

	 	(c)	If the Participant designates as a Beneficiary the person who is the Participant’s spouse on the date of the designation, either by name or by relationship, or both, the
dissolution, annulment or other legal termination of the marriage between the Participant and such person shall automatically revoke such designation. (The foregoing shall not prevent the Participant from designating a former spouse as a Beneficiary
on a form executed by the Participant and received by the Plan Administrator after the date of the legal termination of the marriage between the Participant and such former spouse, and during the Participant’s lifetime.)

  

	 	(d)	Any designation of a nonspouse Beneficiary by name that is accompanied by a description of relationship to the Participant shall be given effect without regard to whether the
relationship to the Participant exists either then or at the Participant’s death. 

  

	 	(e)	Any designation of a Beneficiary only by statement of relationship to the Participant shall be effective only to designate the person or persons standing in such relationship to the
Participant at the Participant’s death. 

 A Beneficiary designation is permanently void if it either is executed or is filed by a
Participant who, at the time of such execution or filing, is then a minor under the law of the state of the Participant’s legal residence. The Company shall be the sole judge of the content, interpretation and validity of a purported
Beneficiary designation. 
 7.6. No Spousal Rights. Prior to the death of the Participant, no spouse or surviving spouse of a Participant and no
person designated to be a Beneficiary shall have any rights or interest in the benefits credited under this Plan including, but not limited to, the right to be the sole Beneficiary or to consent to the designation of Beneficiaries (or the changing
of designated Beneficiaries) by the Participant. 
 7.7. Death Prior to Full Distribution. If, at the death of the Participant, any payment to the
Participant was due or otherwise pending but not actually paid, the amount of such payment shall be included in the Deferred Stock Account which are payable to the Beneficiary (and shall not be paid to the Participant’s estate). 
  

 -8- 

 7.8. Facility of Payment. In case of the legal disability, including minority, of a Participant or Beneficiary
entitled to receive any distribution under this Plan, payment shall be made, if the Company shall be advised of the existence of such condition: 
  

	 	(a)	to the duly appointed guardian, conservator or other legal representative of such Participant or Beneficiary, or 

  

	 	(b)	to a person or institution entrusted with the care or maintenance of the incompetent or disabled Participant or Beneficiary, provided such person or institution has satisfied the
Company that the payment will be used for the best interest and assist in the care of such Participant or Beneficiary, and provided further, that no prior claim for said payment has been made by a duly appointed guardian, conservator or other legal
representative of such Participant or Beneficiary. 

 Any payment made in accordance with the foregoing provisions of this section shall
constitute a complete discharge of any liability or obligation of the Company therefor. 
 SECTION 8 
 NONTRANSFERABILITY 
 In no event shall the Company
make any payment under this Plan to any assignee or creditor of a Participant or of a Beneficiary. Prior to the time of payment hereunder, a Participant or Beneficiary shall have no rights by way of anticipation or otherwise to assign or otherwise
dispose of any interest under this Plan nor shall such rights be assigned or transferred by operation of the law. 
 SECTION 9

 LIMITATION ON RIGHTS OF ELIGIBLE DIRECTORS AND 
 PARTICIPATING DIRECTORS 
 9.1. Service as a Director. Nothing in this Plan will interfere with or limit in any
way the right of the Board or the Company’s shareholders to remove an Eligible Director or Participating Director from the Board. Neither this Plan nor any action taken pursuant to it will constitute or be evidence of any agreement or
understanding, express or implied, that the Board or the Company’s shareholders have retained or will retain an Eligible Director or Participating Director for any period of time or at any particular rate of compensation. 
 9.2. Nonexclusivity of the Plan. Nothing contained in this Plan is intended to effect, modify or rescind any of the Company’s existing compensation plans or
programs or to create any limitations on the Board’s power or authority to modify or adopt compensation arrangements as the Board may from time to time deem necessary or desirable. 
  

 -9- 

 SECTION 10 
 PLAN AMENDMENT, MODIFICATION AND TERMINATION 
 The Board may suspend or terminate this Plan at any time. The Board
may amend this Plan from time to time in such respects as the Board may deem advisable in order that this Plan will conform to any change in applicable laws or regulations or in any other respect that the Board may deem to be in the Company’s
best interests; provided, however, that no amendments to this Plan will be effective without approval of the Company’s shareholders, if shareholder approval of the amendment is then required pursuant to Rule 16b-3 (or any successor rule)
promulgated under the Securities Exchange Act of 1934, as amended, or the rules of the Nasdaq Stock Market (or other exchange on which the shares of Common Stock are then listed and primarily traded). Following a termination of the Plan, Deferred
Stock Accounts shall remain in the Plan until the Participant becomes eligible for the benefits under Section 6. The termination of the Plan shall not adversely affect any Participant or Beneficiary who has become entitled to the payment of any
benefits under the Plan as of the date of termination. Notwithstanding the foregoing, to the extent permissible under section 409A of the Code and the related Treasury regulations and guidance, if there is a termination of the Plan with respect
to all Participants, the Board shall have the right, in its sole discretion, and notwithstanding any elections made by the Participant, to immediately pay all benefits in a lump sum following such termination of the Plan. 
 SECTION 11 
 PARTICIPANTS ARE
GENERAL CREDITORS OF THE COMPANY 
 The Participating Directors and Beneficiaries thereof shall be general unsecured creditors of the Company with
respect to any payments to be made pursuant to this Plan and shall not have any preferred interest by way of trust, escrow, lien or otherwise in any specific assets of the Company. If the Company shall, in fact, elect to set aside monies or other
assets to meet its obligations hereunder (there being no obligation to do so), whether in a grantor’s trust or otherwise, the same shall, nevertheless, be regarded as a part of the general assets of the Company subject to the claims of its
general creditors, and neither any Participating Director nor any Beneficiary thereof shall have a legal, beneficial or security interest therein. 
  

 -10- 

 SECTION 12 
 CHANGE OF CONTROL 
 12.1. Change of Control. A “Change in Control”
shall mean: 
  

	 	(a)	a change in control of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A promulgated under the Securities Exchange
Act of 1934, as amended (the “Exchange Act”), or successor provision thereto, whether or not the Company is then subject to such reporting requirement including, without limitation, any of the following events: 

  

	 	(i)	the consummation of any consolidation or merger of the Company in which the Company is not the continuing or surviving corporation or pursuant to which shares of the Company’s
Common Stock would be converted into cash, securities or other property, other than a merger of the Company in which the holders of the Company’s Common Stock immediately prior to the consolidation or merger have the same proportionate
ownership of Common Stock of the surviving corporation immediately after the merger; or 

  

	 	(ii)	any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all, or substantially all, of the assets of the Company;

  

	 	(b)	any “person” (as such term is used in sections 13(d) and 14(d) of the Exchange Act) is or becomes the “Beneficial Owner” (as defined in Rule 13d-3
promulgated under the Exchange Act), directly or indirectly, of securities of the Company representing 35% or more of the combined voting power of the Company’s then outstanding securities; 

  

	 	(c)	the Continuing Directors (as defined in Section 12.2 hereof) cease to constitute a majority of the Company’s Board; or 

  

	 	(d)	the majority of the Continuing Directors determine in their sole and absolute discretion that there has been a change in control of the Company. 

 Notwithstanding the foregoing, none of the foregoing event(s) shall constitute a Change of Control unless such event(s) constitute a Change of Control as defined in
section 409A of the Code, any regulations and other guidance in effect from time to time thereunder, including without limitation, Notice 2005-1. 
 12.2. Continuing Director. “Continuing Director” shall mean any person who is a member of the Board of the Company, who is not an Acquiring Person (as hereinafter defined) or an 
  

 -11- 

 Affiliate or Associate (as hereinafter defined) of an Acquiring Person, or a representative of an Acquiring Person or of
any such Affiliate or Associate, and who (a) was a member of the Board on the date, as of which this Plan first became effective or (b) subsequently becomes a member of the Board, if such person’s initial nomination for election or
initial election to the Board is recommended or approved by a majority of the Continuing Directors. For purposes of this Section 12.2: “Acquiring Person” shall mean any “person” (as such term is used in sections 13(d)
and 14(d) of the Exchange Act) who or which, together with all Affiliates and Associates of such person, is the Beneficial Owner of 10% or more of the shares of Common Stock of the Company then outstanding, but shall not include the Company, any
subsidiary of the Company or any executive benefit plan of the Company or of any subsidiary of the Company or any entity holding shares of Common Stock organized, appointed or established for, or pursuant to the terms of, any such plan; and
“Affiliate” and “Associate” shall have the respective meanings ascribed to such terms in Rule 12b-2 promulgated under the Exchange Act. 
 SECTION 13 
 CLAIMS PROCEDURE 
 Without limiting the generality of the following, an application for benefits under Section 3 shall be processed as a claim for the purposes of this section. 
 13.1. Original Claim. Any person may file with the Committee a written claim for benefits under this Plan. Within ninety (90) days after the filing of such a
claim, the Committee shall notify the claimant in writing whether his or her claim is upheld or denied in whole or in part or shall furnish the claimant a written notice describing specific special circumstances requiring a specified amount of
additional time (but not more than one hundred eighty days from the date the claim was filed) to reach a decision on the claim. If the claim is denied in whole or in part, the Committee shall state in writing: 
  

	 	(a)	the specific reasons for the denial; 

  

	 	(b)	the specific references to the pertinent provisions of the Plan Statement on which the denial is based; 

  

	 	(c)	a description of any additional material or information necessary for the claimant to perfect the claim and an explanation of why such material or information is necessary; and

  

	 	(d)	an explanation of the claims review procedure set forth in this section. 

 13.2. Claims Review Procedure. Within sixty (60) days after receipt of notice that his or her claim has been denied in whole or in part, the claimant may file with the Committee a written request for a review and may, in
conjunction therewith, submit written issues and comments. Within sixty (60) days after the filing of such a request for review, the Committee shall notify the claimant in writing whether, upon review, the claim was upheld or denied in whole or
in part or shall furnish the claimant a written notice describing specific special circumstances requiring a specified amount of additional time (but not more than one hundred twenty days from the date the request for review was filed) to reach a
decision on the request for review. 
  

 -12- 

 13.3. General Rules. 
  

	 	(a)	No inquiry or question shall be deemed to be a claim or a request for a review of a denied claim unless made in accordance with the claims procedure. The Committee may require that
any claim for benefits and any request for a review of a denied claim be filed on forms to be furnished by the Committee upon request. 

  

	 	(b)	All decision on claims and on requests for a review of denied claims shall be made by the Committee. 

  

	 	(c)	The Committee may, in its discretion, hold one or more hearings on a claim or a request for a review of a denied claim. 

  

	 	(d)	Claimants may be represented by a lawyer or other representative (at their own expense), but the Committee reserves the right to require the claimant to furnish written
authorization. A claimant’s representative shall be entitled to receive copies of notices sent to the claimant. 

  

	 	(e)	The decision of the Committee on a claim and on a request for a review of a denied claim shall be served on the claimant in writing. If a decision or notice is not received by a
claimant within the time specified, the claim or request for a review of a denied claim shall be deemed to have been denied. 

  

	 	(f)	Prior to filing a claim or a request for a review of a denied claim, the claimant or his or her representative shall have a reasonable opportunity to review a copy of the Plan
Statement and all other pertinent documents in the possession of Apogee. 

  

	 	(g)	The Committee may permanently or temporarily delegate all or a portion of its authority and responsibility under this Section to a another committee or to an individual.

  

	 	(h)	The procedures and remedies herein are not exclusive. Subsequent to a Change in Control, a Participant or surviving spouse of a Participant shall not be required to exhaust these
administrative remedies. If there is litigation regarding the benefits payable to or with respect to a Participant, then notwithstanding Section 7.4, determinations made by the Committee subsequent to a Change in Control (even if such
determinations relate to events occurring wholly or partially before the Change in Control) shall not be afforded any deference and the matter shall be heard de novo. 

  

	 	(i)	If any Participant successfully litigates, in whole or in part, any claim for benefits under this Plan, the court shall award reasonable attorney’s fees and costs of the action
to the Participant. 

  

 -13- 

 SECTION 14 
 MISCELLANEOUS 
 14.1. Securities Law and Other Restrictions. Notwithstanding any other provision of this Plan
or any Stock Deferral Election delivered pursuant to this Plan, the Company will not be required to issue any shares of Common Stock under this Plan and a Participating Director may not sell, assign, transfer or otherwise dispose of shares of Common
Stock issued pursuant to this Plan, unless (a) there is in effect with respect to such shares a registration statement under the Securities Act of 1933, as amended (the “Securities Act”) and any applicable state securities laws or an
exemption from such registration under the Securities Act and applicable state securities laws, and (b) there has been obtained any other consent, approval or permit from any other regulatory body that the Company deems necessary or advisable.
The Company may condition such issuance, sale or transfer upon the receipt of any representations or agreements from the parties involved, and the placement of any legends on certificates representing shares of Common Stock, as may be deemed
necessary or advisable by the Company, in order to comply with such securities law or other restriction. 
 14.2. Governing Law. The validity,
construction, interpretation, administration and effect of this Plan and any rules, regulations and actions relating to this Plan will be governed by and construed exclusively in accordance with the laws of the State of Minnesota. 
 14.3. ERISA Administrator. The Company shall be the plan administrator of this Plan. 
 14.4. Service of Process. In the absence of any designation to the contrary by the Company, the Secretary of the Company is designated as the appropriate and
exclusive agent for the receipt of service of process directed to this Plan in any legal proceeding including arbitration, involving this Plan. 
 14.5.
Administrative Determinations. The Committee shall make such determinations as may be required from time to time in the administration of this Plan. The Committee shall have the discretionary authority and responsibility to interpret and
construe the Plan Statement and to determine all factual and legal questions under this Plan, including but not limited to the entitlement of Participants and others, and the amounts of their respective interests. Each interested party may act and
rely upon all information reported to them hereunder and need not inquire into the accuracy thereof, nor be charged with any notice to the contrary. 
 14.6.
Rules and Regulations. Any rule not in conflict or at variance with the provisions hereof may be adopted by the Committee. 
 14.7. Errors in
Computations. The Company nor the Committee shall not be liable or responsible for any error in the computation of any benefit payable to or with respect to any 
  

 -14- 

 Participant resulting from any misstatement of fact made by the Participant or by or on behalf of any survivor to whom
such benefit shall be payable, directly or indirectly, to Apogee, and used by the Company in determining the benefit. Apogee shall not be obligated or required to increase the benefit payable to or with respect to such Participant which, on
discovery of the misstatement, is found to be understated as a result of such misstatement of the Participant. However, the benefit of any Participant which is overstated by reason of any such misstatement or any other reason shall be reduced to the
amount appropriate in view of the truth (and to recover any prior overpayment by offset or other legal process). 
 14.8. ERISA Status. This Plan is
adopted with the understanding that it is an unfunded plan maintained primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees as provided in section 201(2),
section 301(3) and section 401(a)(1) of ERISA. Each provision shall be interpreted and administered accordingly. 
 14.9. IRC Status. This
Plan is intended to be a nonqualified deferred compensation arrangement. The rules of section 401(a) et. seq. of the Code shall not apply to this Plan. The rules of section 3121(v) and section 3306(r)(2) of the Code shall apply
to this Plan. The rules of section 409A of the Code shall apply to this Plan to the extent applicable and this Plan Statement shall be construed and administered accordingly. The Company nor any of its officers, directors, agents or affiliates
shall be obligated, directly or indirectly, to any Participant or any other person for any taxes, penalties, interest or like amounts that may be imposed on the Participant or other person on account of any amounts under this Plan or on account of
any failure to comply with any Code section. 
  

 -15-

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