Document:

Resignation Agreement

 EXHIBIT 10.34 
  

			
	Huttig Building Products, Inc.	  	 Darlene K. Schroeder
 Vice President – Human
Resources
 Huttig Building Products
 555 Maryville University
Drive
 St. Louis, MO 63141

 December 16, 2005 
 Mr. Carl A. Liliequist 
 18807 135th Avenue, SE 
 Renton, WA 98058 
 Dear Carl: 
 Subject: Resignation Agreement 
 This Resignation Agreement (the “Agreement”) is made and entered into between Carl A. Liliequist (“you”) and Huttig Building Products, Inc. (the “Company”).

  

	 	1.	Your Resignation. The Company and you acknowledge that you have resigned, effective December 31, 2005 (the “Resignation Date”), from your
employment with the Company as its Executive Vice President, from all positions held by you as an officer or director of any affiliate of the Company and from all positions held by you with any of the Company’s or its unions’ benefit
plans. 

  

	 	2.	Payment of Your EVA Bank Account Balance. In consideration and recognition of your past contributions to the Company and in exchange for your promises herein, the
Company will, if this Agreement becomes effective, pay to you the entire balance of your EVA bank account under the Company’s EVA Incentive Compensation Plan, after crediting or offsetting any EVA bonus (positive or negative) earned by you
during 2005, based on 2005 results. The payment of your EVA bank account balance shall be made following the determination by the Company’s Management Organization and Compensation Committee of any EVA bonus (positive or negative) earned by you
in 2005. Such payment shall be subject to all withholding and deductions currently applicable to compensation received by employees of the Company. 

 Please note that any stock options granted to you under any of the Company’s equity compensation plans that are vested as of the Resignation Date shall remain exercisable for 90 days after the Resignation Date. Any stock options and
restricted stock granted to you under the Company’s equity incentive plans that are not vested as of the Resignation Date shall be forfeited. 
  

	 	3.	Your Release of Claims. In consideration for the payment to be made to you under this Agreement, you, on behalf of yourself and your dependents, heirs, administrators,
representatives, trustees, beneficiaries, executors, successors, assigns and any other person or entity, hereby unconditionally release and forever discharge the Company and its agents, officers, directors, employees, parents, attorneys,
subsidiaries, divisions, affiliates, predecessors, successors and assigns, all their respective employee benefit plans and their administrators, trustees and other fiduciaries (severally and collectively called the “Released
Parties”) from any and all manner of claims, demands, debts, rights, disputes, judgments, agreements, losses, costs, damages and liabilities of any kind whatsoever, in law or in equity, whether known or unknown, that you or any person or
entity acting for you now has or hereafter may have against any of the Released Parties for any acts, circumstances, omissions, or events up to and including the Resignation Date, it being your intention to effect a general release of all claims.

 Mr. Carl A. Liliequist 
 Page 2 
 December 16, 2005 
 This general release includes, without in any way limiting the generality of the foregoing, all claims or causes of action arising out of or relating to your employment or termination of employment with the Company;
and any claims arising from any alleged violation by any of the Released Parties of any federal, state or local statutes, ordinances, rules, Executive Orders or regulations, including, but not limited to, any of the following, as amended: Title VII
of the Civil Rights Act of 1964, the Rehabilitation Act of 1973, the Americans with Disabilities Act, the Employee Retirement Income Security Act of 1974, the Civil Rights Act of 1991, and the Age Discrimination in Employment Act, and every other
source of legal rights and obligations which may be waived and/or released. You do not hereby waive any rights or claims that may arise after the Resignation Date. 
  

	 	4.	Confidentiality. Except as directed by the Board of Directors of the Company or as may be required by law, you shall keep confidential and shall not divulge to any
other person or entity at any time any of the business secrets or other confidential information regarding the Company and its affiliates, except to the extent that such information has become public knowledge through no fault of yours.

  

	 	5.	Nonsolicitation. From the date hereof until two years after the Resignation Date, you shall not, directly or indirectly, offer or provide employment to, interfere
with, induce or attempt to induce an employee of the Company or any of its affiliates to accept employment or affiliation with any firm or corporation of which you are an officer, director, employee, partner, principal, agent, representative,
consultant or otherwise affiliated. 

  

	 	6.	Consideration Period; Revocation Period. You acknowledge that you have been given at least twenty-one (21) days to study this Agreement before signing it,
or that you have waived such period. You understand that you have the right to revoke this Agreement for seven (7) days after signing (the “Revocation Period”) by providing written notification to Darlene Schroeder, Vice
President—Human Resources at 555 Maryville University Drive, Suite 240, St. Louis, Missouri, 63141. This Agreement shall become effective and enforceable only if you sign this Agreement and deliver it to the Company within twenty-one
(21) days of receipt of this Agreement and do not revoke this Agreement within the Revocation Period. 

  

	 	7.	Governing Law. This Agreement shall be governed by the laws of the State of Missouri, other than the conflict of laws provisions thereof. 

  

	 	8.	Entire Agreement. This Agreement constitutes the entire understanding of the parties with respect to its subject matter, supersedes all prior agreements and
understandings with respect to such subject matter, and may be terminated or amended only by a writing signed by all of the parties to this Agreement. 

 We thank you for your years of dedicated service and wish you luck in your new position. 
 HUTTIG BUILDING PRODUCTS, INC., 
  

			
	By:	 	 /s/ Darlene K. Schroeder

		 	Vice President – Human Resources

 Agreed to and accepted by: 
  

	
	 /s/ Carl A. Liliequist

 Date 12/22, 2005Compensation Arrangements with Outside Directors

 EXHIBIT 10.35 
 COMPENSATION ARRANGEMENTS FOR OUTSIDE DIRECTORS 
 CHAIRMAN OF THE
BOARD 
 The Chairman of the Board of Directors, Mr. R.S. Evans, receives a cash retainer fee of $100,000 per year effective
January 1, 2006. Mr. Evans receives no other compensation for his service on the Board and its Committees. 
 OTHER
NON-EMPLOYEE DIRECTORS 
 Non-employee directors, other than
Mr. Evans, receive the following compensation: 
 Cash Compensation 
  

	•	 	$25,000 annual Board retainer 

  

	•	 	$10,000 annual retainer for chairman of the Audit Committee 

  

	•	 	$1,500 annual retainer for other Audit Committee members 

  

	•	 	$3,000 annual retainer for chairman of the Management Organization and Compensation Committee 

  

	•	 	$2,000 annual retainer for Executive Committee members 

  

	•	 	$2,000 for each Board meeting and Committee meeting attended 

 Stock
Compensation 
 Beginning in 2006, non-employee directors, other than Mr. Evans, shall be awarded, on the date of the Annual Meeting of
Stockholders, an annual grant of restricted stock units (“RSUs”) for shares of Company common stock having a value of approximately $15,000 on the date of grant. The RSUs vest in full on the date of the next Annual Meeting of Stockholders
or upon a change in control of the Company. The shares of stock represented by vested RSUs are delivered to the director upon cessation of his service on the Board. All unvested RSUs are forfeited upon cessation of a director’s service on the
Board for any reason. To put the non-employee directors, other than Mr. Evans, in a comparable position as if RSUs had been granted on the date of the 2005 Annual Meeting of Stockholders, each non-employee director, other than Mr. Evans,
received a grant of 1,710 RSUs on January 23, 2006, with a value of approximately $15,000, based on the fair market value of Company common stock on that date of $8.775. These RSUs vest on April 24, 2006, the date of the 2006 Annual
Meeting of Stockholders. 
 The Company reimburses its directors for reasonable expenses incurred in attending Board and
Committee meetings.Compensation Arrangements with Executive Officers

 EXHIBIT 10.36 
 COMPENSATION ARRANGEMENTS FOR 
 CERTAIN NAMED EXECUTIVE OFFICERS 
 Set forth below is a summary of the compensation arrangements of the executive officers to be named in the Company’s 2006 Proxy Statement for the Annual Meeting of
Stockholders, other than Mr. Michael A. Lupo, Chief Executive Officer, who is covered by a current employment agreement, as of the date of filing of the Company’s Annual Report on Form 10-K for the year ended December 31, 2005
(the “Form 10-K”), and Mr. Carl A. Liliequist, the Company’s former Executive Vice President, who resigned effective December 31, 2005. 
 Each of the executive officers named below is an employee at will whose compensation and employment status may be changed at any time in the discretion of the Company’s Board of Directors. 
 Base Salaries. On February 28, 2006, the base salaries of the executive officers are as set forth below: 
  

				
	 Name and Position
	  	Base Salary Amount
	 Jon P. Vrabely, Vice President, Chief Operating Officer
	  	$	280,000
	 David L. Fleisher, Vice President, Chief Financial Officer and Secretary
	  	$	275,000
	 Hank J. Krey, Vice President, Chief Information Officer
	  	$	195,000

 Base salaries are adjusted from time to time, generally annually on the officer’s anniversary date. Any such
adjustments are approved by the Management Organization and Compensation Committee. 
 Bonuses and Equity Awards. These executive officers are also
eligible to participate in the Company’s annual incentive compensation plans and equity incentive compensation plans, as provided in the terms of such plans. Such plans, and any forms of awards thereunder providing for material terms, are
included as exhibits to the Form 10-K.

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