Document:

Form of Amended and Restated 2005 Performance Incentive Plan

 Exhibit 10.3 
 KRAFT FOODS INC. 
 AMENDED AND RESTATED 2005 PERFORMANCE INCENTIVE PLAN

 NON-QUALIFIED U.S. STOCK OPTION AWARD AGREEMENT 

KRAFT FOODS INC., a Virginia corporation (the “Company”), hereby grants to the employee identified in the Award
Statement (the “Optionee” identified in the “Award Statement”) attached hereto under the Kraft Foods Inc. Amended and Restated 2005 Performance Incentive Plan (the “Plan”) a non-qualified stock
option (the “Option”). The Option entitles the Optionee to exercise up to the aggregate number of shares set forth in the Award Statement (the “Option Shares”) of the Company’s Common Stock, at the Grant Price
per share set forth in the Award Statement (the “Grant Price”). Capitalized terms not otherwise defined in this Non-Qualified U.S. Stock Option Award Agreement (the “Agreement”) shall have the meaning set forth in
the Plan. The Option is subject to the following terms and conditions: 
 1. Vesting. Prior to the satisfaction of the
Vesting Requirements set forth in the Schedule in the Award Statement (the “Schedule”), the Option Shares may not be exercised except as provided in paragraph 2 below. 

2. Vesting Upon Termination of Employment. In the event of the termination of the Optionee’s employment with the Kraft Foods
Group (as defined below in paragraph 12) prior to satisfaction of the Vesting Requirements other than by reason of Early Retirement (as defined below in paragraph 12) occurring after December 31 of the same year as the date of grant of the
Option, Normal Retirement (as defined below in paragraph 12), death or Disability (as defined below in paragraph 12), or as otherwise determined by (or pursuant to authority granted by) the Committee administering the Plan, this Option shall
not be exercisable with respect to any of the Option Shares set forth in the Award Statement. If death or Disability of the Optionee occurs prior to satisfaction of the Vesting Requirements, this Option shall become immediately exercisable for 100%
of the Option Shares set forth in the Award Statement. If the Optionee’s employment with the Kraft Foods Group is terminated by reason of Normal Retirement, or by Early Retirement occurring after December 31 of the same year as the date of
grant of the Option, the Option Shares shall continue to become exercisable as set forth on the Schedule as if such Optionee’s employment had not terminated. 
 3. Exercisability Upon Termination of Employment. During the period commencing on the first date that the Vesting Requirements are satisfied (or, such earlier date determined in accordance with
paragraph 2) until and including the Expiration Date set forth in the Schedule, this Option may be exercised in whole or in part with respect to such Option Shares, subject to the following provisions: 

(a) In the event that the Optionee’s employment is terminated by reason of Early Retirement occurring after December 31 of the
same year as the date of grant of the Option, Normal Retirement, death or Disability, such Option Shares may be exercised on or prior to the Expiration Date; 
 (b) If employment is terminated by the Optionee (other than by Early Retirement occurring after December 31 of the same year as the date of grant of the Option, death, Disability or Normal
Retirement), such Option Shares may be exercised for a period of 30 days from the effective date of termination; 
 (c) If,
other than by death, Disability, Normal Retirement, or Early Retirement occurring after December 31 of the same year as the date of grant of the Option, the Optionee’s employment is terminated by the Company, a subsidiary or affiliate
without cause, such Option Shares may be exercised for a period of 12 months following such termination; provided, however, if the Optionee shall die within such 12-month period, such Option Shares may be exercised for a period of 12 months from the
date of death of the Optionee; and 

  

 (d) If the Optionee’s employment is involuntarily suspended or terminated for cause,
no Option Shares may be exercised during the period of suspension, or following such termination of employment. 
 No provision
of this paragraph 3 shall permit the exercise of any Option Shares after the Expiration Date. For purposes of this Agreement, the Optionee’s employment shall be deemed to be terminated (i) when he or she is no longer actively employed by
the Kraft Foods Group, and (ii) when he or she is no longer actively employed by a corporation, or a parent or subsidiary thereof, substituting a new option for this Option (or assuming this Option) in connection with a merger, consolidation,
acquisition of property or stock, separation, split-up, reorganization, liquidation or similar transaction. The Optionee shall not be considered actively employed during any period for which he or she is receiving, or is eligible to receive, salary
continuation, notice period or garden leave payments, or other benefits under the Kraft Foods Inc. Severance Pay Plan, or any similar plan maintained by the Kraft Foods Group or through other such arrangements that may be entered into that give rise
to separation or notice pay, except in any case in which the Optionee is eligible for Normal Retirement or Early Retirement upon the expiration of salary continuation or other benefits. The Board of Directors and/or the Committee shall have the
exclusive discretion to determine when the Optionee is no longer actively employed for purposes of the Option. Unless otherwise determined by the Committee, leaves of absence shall not constitute a termination of employment for purposes of this
Agreement. Notwithstanding the foregoing provisions and unless otherwise determined by the Company, this Option may only be exercised on a day that the New York Stock Exchange (the “Exchange”) is open. Accordingly, if the Expiration
Date is a day the Exchange is closed, the Expiration Date shall be the immediately preceding day on which the Exchange is open. 

4. Exercise of Option and Withholding Taxes. This Option may be exercised only in accordance with the procedures and limitations,
set forth in the Company’s Equity Awards Plan Guide, as amended from time to time (the “Methods of Exercise”). 
 Regardless of any action the Company or the Optionee’s employer (the “Employer”) takes with respect to any or all income tax, social insurance, payroll tax, payment on account or
other tax-related withholding (“Tax-Related Items”), the Optionee hereby acknowledges that the ultimate liability for all Tax-Related Items legally due by the Optionee is and remains the Optionee’s responsibility and may exceed
the amount actually withheld by the Company or the Employer. Furthermore, the Optionee acknowledges that the Company and/or the Employer (a) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection
with any aspect of the Option grant, including the grant, vesting or exercise of the Option, the subsequent sale of Option Shares acquired pursuant to such exercise and the receipt of any dividends; and (b) do not commit to and are under no
obligation to structure the terms of the grant or any aspect of the Option to reduce or eliminate the Optionee’s liability for Tax-Related Items or achieve any particular tax result. If the Optionee becomes subject to any Tax-Related Items in
more than one jurisdiction (including jurisdictions outside the United States) between the date of grant and the date of any relevant taxable event, the Optionee acknowledges that the Company and/or the Employer (or former employer, as applicable)
may be required to withhold or account for (including report) Tax-Related Items in more than one jurisdiction. 
 The Optionee
acknowledges and agrees that the Company shall not be required to deliver the Option Shares being exercised upon any exercise of this Option unless it has received payment in a form acceptable to the Company for all applicable Tax-Related Items, as
well as amounts due to the Company as “theoretical taxes” pursuant to the then-current international assignment and tax and/or social insurance equalization policies and procedures of the Kraft Foods Group, or arrangements satisfactory to
the Company for the payment thereof have been made. 

  
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 In this regard, the Optionee authorizes the Company and/or the Employer, in their sole
discretion and without any notice or further authorization by the Optionee, to withhold all applicable Tax-Related Items legally due by the Optionee and any theoretical taxes from the Optionee’s wages or other cash compensation paid by the
Company and/or the Employer or from proceeds of the sale of Option Shares. Alternatively, or in addition, the Company may instruct the broker whom it has selected for this purpose (on the Optionee’s behalf and at the Optionee’s direction
pursuant to this authorization) to sell the Option Shares that the Optionee acquires to meet the Tax-Related Items withholding obligation and any theoretical taxes. In addition, unless otherwise determined by the Committee, Tax-Related Items or
theoretical taxes may be paid with outstanding shares of the Company’s Common Stock, such shares to be valued at Fair Market Value on the exercise date. Finally, the Optionee shall pay to the Company or the Employer any amount of Tax-Related
Items and theoretical taxes that the Company or the Employer may be required to withhold as a result of the Optionee’s participation in the Plan or the Optionee’s exercise of Option Shares that cannot be satisfied by the means previously
described. 
 To avoid any negative accounting treatment, the Company may withhold or account for Tax-Related Items by
considering applicable minimum statutory withholding amounts or other applicable withholding rates. 
 5. Cash-Out of
Option. The Committee may elect to cash out all or a portion of the Option Shares to be exercised pursuant to any Method of Exercise by paying the Optionee an amount in cash or Common Stock, or both, equal to the Fair Market Value of such shares
on the exercise date less the purchase price for such shares. 
 6. Transfer Restrictions. Unless otherwise required by
law, this Option is not transferable by the Optionee in any manner other than by will or the laws of descent and distribution and is exercisable during the Optionee’s lifetime only by the Optionee. The terms of the Plan and this Agreement shall
be binding upon the executors, administrators, heirs, successors and assigns of the Optionee. 
 7. Adjustments. In the
event of any merger, share exchange, reorganization, consolidation, recapitalization, reclassification, distribution, stock dividend, stock split, reverse stock split, split-up, spin-off, issuance of rights or warrants or other similar transaction
or event affecting the Common Stock after the date of this Award, the Board of Directors of the Company or the Committee shall make adjustments to the terms and provisions of this Award (including, without limiting the generality of the foregoing,
terms and provisions relating to the Grant Price and the number and kind of shares subject to this Option) including, but not limited to, the substitution of equity interests in other entities involved in such transactions, to provide for cash
payments in lieu of the Option, and to determine whether continued employment with any entity resulting from such transaction or event will or will not be treated as a continued employment with the Kraft Foods Group, in each case, subject to any
Board of Director or Committee action specifically addressing any such adjustments, cash payments or continued employment treatment. 
 8. Successors. Whenever the word “Optionee” is used herein under circumstances such that the provision should logically be construed to apply to the executors, the administrators, or the
person or persons to whom this Option may be transferred pursuant to this Agreement, it shall be deemed to include such person or persons. This Agreement shall be binding upon and inure to the benefit of any successor or successors of the Company
and any person or persons who shall acquire any rights hereunder in accordance with this Agreement, the Award Statement or the Plan. 
 9. Governing Law. This Agreement shall be governed by the laws of the Commonwealth of Virginia, U.S.A., without regard to choice of laws principles thereof. 

  
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 10. Award Confers No Rights to Continued Employment—Nature of the Grant. Nothing
contained in the Plan or this Agreement shall give any employee the right to be retained in the employment of any member of the Kraft Foods Group or affect the right of any such employer to terminate any employee. The adoption and maintenance of the
Plan shall not constitute an inducement to, or condition of, the employment of any employee. Further, the Optionee acknowledges and agrees that: 
 (a) the Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, suspended or terminated by the Company at any time, unless otherwise provided in the
Plan; 
 (b) the grant of the Option is voluntary and occasional and does not create any contractual or other right to receive
future grants of options, or benefits in lieu of options, even if options have been granted repeatedly in the past; 
 (c) all
decisions with respect to future option grants, if any, will be at the sole discretion of the Board of Directors of the Company or the Committee; 
 (d) the Optionee is voluntarily participating in the Plan; 
 (e) the Option and
the shares of Common Stock subject to the Option are extraordinary items that do not constitute compensation of any kind for services of any kind rendered to the Company or the Employer, and are outside the scope of the Optionee’s employment
contract, if any; 
 (f) the Option is not intended to replace any pension rights or compensation; 

(g) the Option and the shares of Common Stock subject to the Option are not part of normal or expected compensation or salary for any
purposes, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension, retirement or welfare benefits or similar payments and in no event
should be considered as compensation for, or relating in any way to, past services for any member of the Kraft Foods Group; 

(h) the Option grant and the Optionee’s participation in the Plan will not be interpreted to form an employment contract or
relationship with any member of the Kraft Foods Group; 
 (i) the future value of the underlying shares of Common Stock is
unknown and cannot be predicted with certainty; 
 (j) if the underlying shares of Common Stock do not increase in value, the
Option will have no value; 
 (k) if the Optionee exercises the Option and obtains shares of Common Stock, the value of those
shares of Common Stock acquired upon exercise may increase or decrease in value, even below the Grant Price; 
 (l) no claim or
entitlement to compensation or damages shall arise from forfeiture of the Option resulting from the termination of the Optionee’s employment by the Company or the Employer, and in consideration of the grant of the Option to which the Optionee
is otherwise not entitled, the Optionee irrevocably agrees never to institute any claim against the Company or the Employer, waives his or her ability, if any, to bring any such claim, and releases the Company and the Employer from any such claim;
if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating in the Plan, the Optionee shall be deemed irrevocably to have agreed not to pursue such claim and agrees to execute any and all
documents necessary to request dismissal or withdrawal of such claim; 

  
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 (m) as further set forth in paragraph 3 above, in the event of termination of the
Optionee’s employment, the Optionee’s right to exercise the Option after termination of employment, if any, will be measured by the date of termination of the Optionee’s active employment and will not be extended by any notice period
mandated under any employment law in the country where the Optionee resides; 
 (n) the Company is not providing any tax, legal
or financial advice, nor is the Company making any recommendations regarding the Optionee’s participation in the Plan, or the Optionee’s acquisition or sale of the underlying shares of Common Stock; 

(o) the Optionee is hereby advised to consult with the Optionee’s own personal tax, legal and financial advisors regarding the
Optionee’s participation in the Plan before taking any action related to the Plan; 
 (p) the Option is designated as not
constituting an Incentive Stock Option; this Agreement shall be interpreted and treated consistently with such designation; and 

(q) the Option and the benefits evidenced by this Agreement do not create any entitlement, not otherwise specifically provided for in the
Plan or determined by the Company in its discretion, to have the Option or any such benefits transferred to, or assumed by, another company, or to be exchanged, cashed out or substituted for, in connection with any corporate transaction affecting
the Company’s Common Stock. 
 11. Interpretation. The terms and provisions of the Plan (a copy of which will be
furnished to the Optionee upon written request to the Office of the Corporate Secretary, Kraft Foods Inc., Three Lakes Drive, Northfield, Illinois 60093) are incorporated herein by reference. To the extent any provision in this Agreement is
inconsistent or in conflict with any term or provision of the Plan, the Plan shall govern. The Committee shall have the right to resolve all questions which may arise in connection with the Award or this Agreement, including whether an Optionee is
no longer actively employed and any interpretation, determination or other action made or taken by the Committee regarding the Plan or this Agreement shall be final, binding and conclusive. 

12. Miscellaneous Definitions. For the purposes of this Agreement, the term “Disability” means permanent and
total disability as determined under the procedures established by the Company for purposes of the Plan and the term “Normal Retirement” means retirement from active employment under a pension plan of the Kraft Foods Group, or under
an employment contract with any member of the Kraft Foods Group, on or after the date specified as normal retirement age in the pension plan or employment contract, if any, under which the Optionee is at that time accruing pension benefits for his
or her current service (or, in the absence of a specified normal retirement age, the age at which pension benefits under such plan or contract become payable without reduction for early commencement and without any requirement of a particular period
of prior service). For the purposes of this Agreement, “Early Retirement” means retirement from active employment other than Normal Retirement, as determined by the Committee, in its sole discretion. As used herein, “Kraft
Foods Group” means Kraft Foods Inc. and each of its subsidiaries and affiliates. For purposes of this Agreement, (x) a “subsidiary” includes only any company in which the applicable entity, directly or indirectly, has
a beneficial ownership interest of greater than 50 percent and (y) an “affiliate” includes only any company that (A) has a beneficial ownership interest, directly or indirectly, in the applicable entity of greater than 50
percent or (B) is under common control with the applicable entity through a parent company that, directly or indirectly, has a beneficial ownership interest of greater than 50 percent in both the applicable entity and the affiliate. 

13. Electronic Delivery. The Company may, in its sole discretion, decide to deliver any documents related to current or future
participation in the Plan by electronic means or to request the Optionee’s consent to participate in the Plan by electronic means. The Optionee hereby consents to receive such documents by electronic delivery and, if requested, to agree to
participate in the Plan through any on-line or electronic system established and maintained by the Company or another third party designated by the Company. 

  
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 14. Agreement Severable. The provisions of this Agreement are severable and if any
one or more provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 
 15. Headings. Headings of paragraphs and sections used in this Agreement are for convenience only and are not part of this Agreement, and must not be used in construing it. 

16. Imposition of Other Requirements. The Company reserves the right to impose other requirements on the Optionee’s
participation in the Plan, on the Option, and on any shares of Common Stock acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with applicable law or facilitate the administration of the
Plan, and to require the Optionee to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. 
 17. Appendix. Notwithstanding any provisions in this Agreement, if the Optionee relocates to one of the countries included in Appendix A to the Company’s Non-Qualified Non-U.S. Stock Option
Award Agreement, the special terms for such country will apply to the Optionee, to the extent the Company determines that the application of such terms is necessary or advisable in order to comply with laws in the country where the Optionee resides
regarding the issuance or sale of shares of Common Stock, or to facilitate the administration of the Plan. The Appendix constitutes part of this Agreement. 
 IN WITNESS WHEREOF, this Non-Qualified U.S. Stock Option Award Agreement has been granted as of February 23, 2012. 

KRAFT FOODS INC. 
 /s/ Carol J.
Ward                                         
                
 Carol J. Ward

 Vice President and Corporate Secretary 

  
 6Exhibit 10(s)

 Exhibit 10(s) 
 MATERIAL SCIENCES CORPORATION 
 RESTRICTED STOCK AWARD AGREEMENT

 UNDER 1992 OMNIBUS STOCK AWARDS PLAN FOR KEY EMPLOYEES 

THIS RESTRICTED STOCK AWARD AGREEMENT (this “Agreement”) is dated as of
                     (the “Grant Date”) between Material Sciences Corporation, a Delaware corporation (the
“Company”), and CLIFFORD D. NASTAS (“Employee”) and is entered into pursuant to the 1992 Omnibus Stock Awards Plan for Key Employees, as in effect on the date hereof (the “Plan”), in order to
effectuate the February 22, 2007 performance-based award of Restricted Shares (as defined below) to Employee with respect to          fiscal year performance of the Company. Capitalized terms used herein
and not otherwise defined have the meanings ascribed thereto in Section 15. 
 1. Grant of Restricted Shares. Subject to the terms,
conditions and restrictions set forth in the Plan and this Agreement, the Company hereby grants to Employee, pursuant to the Plan, ten thousand (10,000) shares (as such number of shares may be adjusted pursuant to the terms of this Agreement,
“Restricted Shares”) of the Company’s common stock, $.02 par value (the “Common Stock”). 
 2. The
Restricted Shares. 
 (a) Employee shall not be required to pay for the Restricted Shares, except to the extent set forth in
Section 5 hereof. The Company agrees to pay any original issue or transfer taxes incurred as a result of the award of the Restricted Shares. 
 (b) Except as otherwise provided herein, Employee shall have all of the rights of a shareowner with respect to the Restricted Shares (including the right to vote the Restricted Shares and the right to
receive dividends with respect to the Restricted Shares), provided, however, that the Company will retain custody of all dividends and other distributions (“Retained Distributions”), if any, made or declared with
respect to the Restricted Shares (and such Retained Distributions will be subject to the same restrictions, terms and conditions as are applicable to the Restricted Stock) until such time, if ever, as the Restricted Shares with respect to which such
Retained Distributions shall have been made, paid or declared shall have become vested, at which time the Retained Distributions will be paid to Employee. Retained Distributions shall not bear interest or be segregated in separate accounts. Upon
Termination of Employment, Employee shall forfeit any Retained Distributions on any Restricted Shares in which Employee is not vested in accordance with Section 3 and such Retained Distributions shall be returned to the Company. 

(c) All certificates representing the Restricted Shares shall have endorsed thereon the following legend: 

“THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER SET FORTH IN A RESTRICTED STOCK AWARD AGREEMENT
DATED AS OF                     , BETWEEN THE COMPANY AND THE REGISTERED HOLDER, A COPY OF WHICH IS ON FILE AT THE PRINCIPAL OFFICE OF THE COMPANY.
ANY 

 
TRANSFER OR PURPORTED TRANSFER OF THE SHARES REPRESENTED BY THIS CERTIFICATE IN VIOLATION OF SUCH RESTRICTED STOCK AWARD AGREEMENT SHALL BE NULL AND VOID.” 

(d) The Restrictions (as defined herein) on Employee’s Restricted Shares shall lapse on the date on which Employee becomes vested in
all or a portion of the Restricted Shares pursuant to Section 3 of this Agreement; provided, however, that if Employee is subject to Share Retention Guidelines (as defined herein), the Restrictions shall not lapse until Employee
both has become vested in the Restricted Shares and one of the following events has occurred: 
 (i) Employee has satisfied the
Share Retention Guidelines; or 
 (ii) Employee has a Termination of Employment (as defined herein). 

The Committee (as defined herein) shall have the discretion to determine whether the Restrictions have lapsed. Any such determination
shall be final and binding on the Company and Employee and shall not be subject to contest or challenge. 
 (e) After the
Restrictions have lapsed, Employee may request the removal of the above described legend from certificates representing any Restricted Shares with respect to which the Restrictions have lapsed. Each certificate for Restricted Shares shall be
registered in the name of Employee and deposited, together with a stock power endorsed in blank by Employee, with the Company. 
 3.
Vesting. 
 (a) Employee shall vest one hundred percent (100%) of the Restricted Shares on
            , provided that Employee remains continuously in Employment by the Company through such date. 
 (b) Notwithstanding Section 3(a) hereof, but subject to the provisions of Section 3(b)(vi) hereof, 
 (i) Employee shall become fully (100%) vested in all of the Restricted Shares on the date of Employee’s death or Disability; 

(ii) Employee shall be fully (100%) vested in all of the Restricted Shares on the effective date of Employee’s Retirement;

 (iii) Employee shall be fully (100%) vested in all of the Restricted Shares on the day immediately prior to the date of
such Change in Control; 
 (iv) In the event that Employee’s Termination of Employment is other than due to death,
Disability, Resignation, Retirement, or Cause, Employee shall be fully (100%) vested in all of the Restricted Shares on the effective date of Employee’s Termination of Employment; 

  
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 (v) In the event that the Affiliate which is the employer of Employee is sold, otherwise
disposed of or ceases to be an Affiliate, or in the event of the sale or other disposition (in one transaction or a series of related transactions) of all or substantially all of the assets of the division or business unit with respect to which
Employee is employed, the Committee may, in its sole discretion, provide that Employee will become fully (100%) vested in all of the Restricted Shares upon the consummation of such transaction; and 

(vi) Notwithstanding the vesting provisions of this Section 3, in the event of Employee’s Resignation (as defined herein) or
Termination of Employment for Cause (as defined herein), Employee’s rights to receive any unvested Restricted Shares shall remain unvested, and concurrent with the effective date of such Resignation or Termination of Employment, Employee shall
forfeit all of the Restricted Shares. On such date, all such Restricted Shares shall be transferred to the Company without consideration. 
 4.
Transferability. 
 (a) Except as otherwise provided herein, Employee may not sell, transfer, assign, pledge or otherwise
encumber (any such disposition or encumbrance being referred to herein as a “Transfer”) any of the Restricted Shares or the rights granted to Employee hereunder. Any Transfer or purported Transfer by Employee of any of the
Restricted Shares or any of the rights granted to Employee hereunder except in accordance herewith shall be null and void for all purposes and respects. 
 (b) The Restricted Shares shall not be subject to execution, attachment or other process and no person shall be entitled to exercise any rights of Employee as the holder of such Restricted Shares by
virtue of any attempted execution, attachment or other process until the Restrictions lapse as provided in this Agreement. 

(c) Notwithstanding anything contained in this Agreement to the contrary, the Restricted Shares may be transferred (i) by law or
pursuant to the laws of descent and distribution and (ii) by Employee to a “family member” of such Employee by gift or by domestic relations order. For purposes of this Section, “family member” means any child,
stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships, any person sharing
Employee’s household (other than as a tenant or employee), a trust in which these persons have more than fifty percent (50%) of the beneficial interest, a foundation in which these persons (or Employee) control the management of assets,
and any other entity in which these persons (or Employee) own more than fifty percent of the voting interests. In the case of any transfer pursuant to this Section 4, this Agreement shall be interpreted such that the term “Employee”
shall mean the transferring Employee and his or her family members that have received a transfer of Restricted Shares, it being agreed that all of the obligations of Employee hereunder shall be allocated as appropriate between the transferring
Employee and his or her family members that have received a transfer of Restricted Shares. 

  
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 5. Taxes. 
 (a) As a condition precedent to the receipt of any Restricted Shares hereunder, Employee agrees to pay to the Company at such times as the Company shall determine such amounts as the Company shall deem
necessary to satisfy any withholding taxes due on income that Employee recognizes as a result of the vesting in the Restricted Shares or as a result of Employee’s timely filing of an election pursuant to Section 83(b) of the Internal
Revenue Code of 1986, as amended (the “Code”), with respect to the Restricted Shares. Employee’s obligation under this Section shall remain with Employee notwithstanding any Transfer of Restricted Shares to a family member. The
Committee shall have the power to withhold, or require Employee to remit to the Company, an amount sufficient to satisfy any withholding or other tax due with respect to any Restricted Shares and/or any amount payable hereunder, and the Committee
may defer such payment or issuance unless indemnified to its satisfaction. 
 (b) In the event that Employee does not timely
file an election pursuant to Section 83(b) of the Code, Employee may elect to pay such amounts referred to in the preceding Section to the Company in Restricted Shares, in which case the number of Restricted Shares held by Employee under this
Agreement shall be reduced by the number of Restricted Shares (rounded to the nearest whole share) having an aggregate value equal to such amounts to be withheld. For purposes of this Section, the value of a share of Common Stock shall be equal to
the Fair Market Value (as defined herein) of the Common Stock on the date Employee’s rights to the Restricted Shares is vested, or if such a date is not a trading day on such exchange, the trading day immediately preceding such date. Any
election described in this clause (b) must be made by Employee prior to the date on which the relevant tax obligation arises. 
 6.
Registration. The Company’s obligation to deliver Restricted Shares hereunder is subject to the condition that if at any time the Committee shall determine, in its discretion, that the listing of the shares of Common Stock subject hereto
on any securities exchange, or the registration or qualification of such shares under any federal or state law, or the consent or approval of any regulatory body, shall be necessary or desirable as a condition of, or in connection with, the grant,
receipt or delivery of shares hereunder, such delivery will not be effected unless and until such listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Committee.
The Company agrees to make every reasonable effort to effect or obtain any such listing, registration, qualification, consent or approval. 
 7.
Employment Relationship. In no event shall the granting of the Restricted Shares or the other provisions hereof or the acceptance of the Restricted Shares by Employee interfere with or limit in any way the right of the Company to terminate
Employee’s employment at any time, nor confer upon Employee any right to continue in the employ of the Company for any period of time or to continue his or her present or any other rate of compensation. 

8. Descriptive Headings; Interpretation of Agreement. The descriptive headings of this Agreement are inserted for convenience only and do not
constitute a substantive part of this Agreement. This Agreement is intended to be consistent with the Plan, and it shall be interpreted consistently with that intent. Any questions which arise in connection with the interpretation or performance of
this grant shall be resolved by the Committee in its sole and absolute discretion. 

  
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 9. Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of any
successor or successors of the Company and any person or persons who shall, upon the death of Employee or Transfer of Restricted Shares in accordance herewith, acquire any rights hereunder. 
 10. Further Assurances. The parties agree to execute such further instruments and to take such further actions as may reasonably be required to carry out the intent of this Agreement. 

11. Notices. Any notice required or permitted hereunder shall be given in writing and shall be deemed effectively given when personally delivered
or five (5) business days after deposit in the United States Post Office, by certified mail with postage and fees prepaid, return receipt requested. Notices shall be addressed, in the case of Employee, to the address set forth below his or her
signature on the signature page hereto and in the case of the Company, to it at its principal executive office, or at such other address as such party may designate by ten (10) days’ advance written notice to the other party. 

12. Entire Agreement. This Agreement constitutes the entire agreement of the parties with respect to the subject matter hereof. 

13. Governing Law. The corporate law of the State of Delaware shall govern all questions concerning the relative rights of the Company and its
shareowners. All other questions concerning the construction, validity and interpretation of this Agreement shall be governed by the internal laws (and not the laws of conflicts) of the State of Illinois. 

14. Termination. This award shall be null and void unless Employee shall accept the same below and return this executed stock award agreement to
the Secretary of the Company at its office in Elk Grove Village, Illinois, within thirty (30) days of the date this executed stock award agreement is delivered to Employee. 
 15. Certain Definitions. As used herein, the following terms have the following meanings: 
 (a) “Affiliate” means any corporation, partnership, limited liability company, association, joint-stock company, trust, unincorporated association or other entity (other than the Company)
that directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with the Company, including the subsidiaries of the Company and other entities controlled by such subsidiaries. 

(b) “Agreement” has the meaning set forth in the preamble hereof. 

(c) “Cause” with respect to the termination of Employee’s Employment by the Company, means one or more of the
following: (i) Employee’s commission of a felony or other crime involving moral turpitude or the commission of any other act or omission involving dishonesty, disloyalty or fraud with respect to the Company or any of its Affiliates or any
of their customers or suppliers, (ii) Employee’s reporting to work under the influence of alcohol or illegal drugs, the use of illegal drugs (whether or not at the workplace) or other repeated conduct causing the Company or any of its
Affiliates public disgrace or disrepute or economic harm, (iii) repeated failure by Employee to perform duties as reasonably directed by the Company officer or other employee to whom Employee primarily reports (or, with respect to the Chief
Executive 

  
 5 

 
Officer, the Board), (iv) any willful act or omission aiding or abetting a competitor, supplier or customer of the Company or any of its subsidiaries to the disadvantage or detriment of the
Company and its Affiliates, (v) breach of fiduciary duty, gross negligence or willful misconduct with respect to the Company or any of its Affiliates or (vi) if Employee is covered by an employment agreement with the Company or an
Affiliate, any breach of such agreement which is not cured to the Company’s Chief Executive Officer (or, with respect to such Chief Executive Officer, the Board) reasonable satisfaction within fifteen (15) days after written notice thereof
to Employee. 
 (d) “Change in Control” means the occurrence of any of the following events: 

(i) the acquisition by any Person or Persons acting in concert, of beneficial ownership (as defined in Rule 13d-3 under
the Exchange Act), directly or indirectly, of more than fifty percent (50%) of the outstanding stock of the Company (calculated as provided in paragraph (d) of Rule 13d-3 under the Exchange Act in the case of rights to acquire stock); or

 (ii) the consummation of any consolidation or merger of the Company, other than a consolidation or merger of
the Company in which holders of its stock immediately prior to the consolidation or merger hold proportionately at least a majority of the outstanding common stock of the continuing or surviving corporation, or (b) any sale, lease, exchange or
other transfer (in one transaction or a series of related transactions) of all or substantially all the assets of the Company (“Transfer Transaction”), except where (1) the Company owns all of the outstanding stock of the
transferee entity or (2) the holders of the Company’s common stock immediately prior to the Transfer Transaction own proportionately at least a majority of the outstanding stock of the transferee entity, immediately after the Transfer
Transaction, or (c) any consolidation or merger of the Company where, after the consolidation or merger, one Person owns one hundred percent (100%) of the shares of stock of the Company (except where the holders of the Company’s
common stock immediately prior to such merger or consolidation own proportionately at least a majority of the outstanding stock of such Person immediately after such consolidation or merger). 

(e) “Code” has the meaning set forth is Section 5(a) hereof. 

(f) “Committee” means the Company’s Compensation, Organization and Corporate Governance Committee or other
committee authorized by the Company’s Board of Directors to administer the Plan. 
 (g) “Common Stock” has
the meaning set forth in Section 1 hereof. 
 (h) “Company” has the meaning set forth in the preamble
hereof. 
 (i) “Disability” means a mental or physical illness that entitles Employee to receive benefits under
the long-term disability plan of the Company, or if there is no such plan or Employee is not covered by such a plan or Employee is not an employee of the Company, a mental or physical illness that renders Employee totally and permanently incapable
of performing Employee’s duties for the Company, as determined by the Committee. The determination of Disability for purposes of this Agreement shall not be construed to be an admission of disability for any other purpose. 

  
 6 

 (j) “Employee” has the meaning set forth in the preamble hereof.

 (k) “Employment by the Company” shall mean continuous employment by the Company or an Affiliate. For
purposes of determining whether Employee has been continuously employed, any leave of absence for periods and purposes conforming to the personnel policies of the Company and approved by the Committee shall not be deemed to be an interruption of
continuous service. 
 (l) “Exchange Act” means the Securities Exchange Act of 1934, as amended, or any
successor statute thereto. 
 (m) “Fair Market Value” means the last reported closing price of Common Stock on
the principal securities exchange on which shares of the Common Stock are then listed. 
 (n) “Grant Date” has
the meaning set forth in the preamble hereof. 
 (o) “Person” means any individual, corporation,
proprietorship, firm, partnership, limited partnership, limited liability company, trust, association or other entity. 
 (p)
“Plan” has the meaning set forth in the preamble hereof. 
 (q) “Resignation” means a
Termination of Employment by Employee, other than by reason of death, Disability or Retirement. 
 (r) “Restricted
Shares” has the meaning set forth in Section 1 hereof. 
 (s) “Restrictions” means the
restrictions on the Transfer, attachment, garnishment or other process with respect to the Restricted Shares that are described in Paragraph 4 of this Agreement. 
 (t) “Retained Distributions” has the meaning set forth in Section 2(b) hereof. 
 (u) “Retirement” means Employee’s voluntary termination of Employee’s Employment by the Company after Employee has attained his or her full Social Security retirement age
(i.e. the age at which the Participant may received unreduced Social Security benefits), other than a termination by the Company or an Affiliate for Cause. 
 (v) “Share Retention Guidelines” means such guidelines adopted by the Committee regarding equity ownership by Employees as are in effect from time to time. The Share Retention Guidelines
in effect on the Grant Date are attached hereto as Exhibit A. 
 (w) “Termination of Employment” means Employee
ceasing to be in continuous Employment by the Company for any reason whatsoever, including without limitation, Employee’s death, Disability or discharge. 

  
 7 

 (x) “Transfer” has the meaning set forth in Section 4(a) hereof.

  

			
	MATERIAL SCIENCES CORPORATION
		
	By:	 	  

		 	Name: James D. Pawlak

 
					
		 	Title:	 	Vice President, Chief Financial Officer, Corporate Controller and Corporate Secretary

 Accepted this      day of 

 

					
	  
	 		 	

  

	
	  

	Clifford D. Nastas
	
	Employee

  

			
	Address:	 	 225 North Clay Street

Hinsdale, IL 60521

  
 8 

 Exhibit A 
 Share Retention Guidelines 
 Set out below are the share retention
guidelines for officers and employees of Material Sciences Corporation. These guidelines may be amended or terminated, in whole or in part, at any time by the Compensation, Organization and Corporate Governance Committee or any successor committee
thereto: 
 Chief Executive Officer: Five (5) times base salary 

Other Officers: Two (2) times base salary 
 All other employees: None 
 Compliance Dates: 

An individual who was a Company officer prior to or on June 1, 2006 shall be required to comply with the share
retention guidelines as follows: 
 May 31, 2007 – 20 percent 

May 31, 2008 – 40 percent 
 May 31, 2009 – 60 percent 
 May 31, 2010 – 80 percent

 May 31, 2011 – 100 percent

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