Document:

exhibit10_12x05282022

1    KNOLL, INC.  2021 STOCK INCENTIVE PLAN  AS AMENDED BY FIRST AMENDMENT    ARTICLE 1  PURPOSE                1.1        GENERAL.    The purpose of the Knoll, Inc. 2021 Stock Incentive Plan (the "Plan") is to  promote the success and enhance the value of Knoll, Inc. (the "Company") by linking the personal  interests of employees, officers and directors of the Company to those of Company stockholders and by  providing such persons with an incentive for outstanding performance. The Plan is further intended to  provide flexibility to the Company in its ability to motivate, attract, and retain the services of employees,  officers, directors and consultants upon whose judgment, interest, and special effort the successful  conduct of the Company's operation is largely dependent. On July 19, 2021, the Company became a  wholly owned subsidiary of Herman Miller, Inc., which subsequently changed its name to MillerKnoll, Inc.  (“MillerKnoll”). As a result, pursuant to Article 13 and Article 14 of the Plan, the Plan has been amended  to reflect the substitution of MillerKnoll common stock for stock of the Company for as the basis for  Awards.    ARTICLE 2  DEFINITIONS                2.1        DEFINITIONS.    As used in this plan, the following words and phrases shall have the  following meanings:                "Award" means an award of Options, Stock Appreciation Rights, Restricted Stock, Restricted  Stock Units, Performance Awards, Dividend Equivalents, or any other right or interest relating to Stock or  cash, made to an Eligible Participant under the Plan.                "Award Agreement" means a written document, in such form as the Committee prescribes from  time to time, setting forth the terms and conditions of an Award. The Committee may provide for the use  of electronic, internet or other non-paper Award Agreements, and the use of electronic, internet or other  non-paper means for the acceptance thereof and actions thereunder by a Participant.                "Award Date" of an Award means the first date on which all necessary corporate action has been  taken to approve the grant of the Award as provided in the Plan, or such later date as is determined and  specified as part of that authorization process.                "Board" means the Board of Directors of the Company.                "Change in Control" For purposes of this Plan, a "Change in Control" of the Company shall be  deemed to have occurred upon any of the following events:  (i)          any person or other entity (other than the Company or any of its Subsidiaries, a  corporation or other entity owned, directly or indirectly, by the stockholders of the  Company in substantially the same proportions as their ownership of securities of the  Company, or any employee benefit plan sponsored by the Company or any of its  Subsidiaries) including any person as defined in Section 13(d)(3) of the Exchange Act,  becomes the beneficial owner, as defined in Rule 13d-3 under the Exchange Act, directly  or indirectly, of more than 50% of the total combined voting power of all classes of capital  

 

2    stock of the Company normally entitled to vote for the election of directors of the  Company;  (ii)         the Company consummates the sale or other disposition of all or substantially all  of the property or assets of the Company, other than a sale or disposition to an entity at  least 50% of the combined voting power of the voting securities of which are owned,  directly or indirectly, by stockholders of the Company in substantially the same  proportions as their ownership of the Company immediately prior to such sale or  disposition;  (iii)        the Company consummates a consolidation, merger or similar transaction of the  Company with another entity (other than with any of the Company's Subsidiaries), and as  a result, the stockholders of the Company immediately before the occurrence of the  transaction own, in the aggregate, not more than 50% of the voting power of the voting  securities of the surviving entity; or  (iv)        a change in the Company's Board occurs with the result that, within any 12- month period, the members of the Board as of the beginning of such period (the  "Incumbent Directors") no longer constitute a majority of such Board, provided that any  person becoming a director (other than a director whose initial assumption of office is in  connection with an actual or threatened election contest or the settlement thereof,  including but not limited to a consent solicitation, relating to the election of directors of the  Company) whose election or nomination for election was supported by at least a majority  of the then Incumbent Directors shall be considered an Incumbent Director for purposes  hereof.                This definition shall be interpreted and applied as necessary to avoid imposition of the taxes and  interest under Section 409A of the Code. Additionally, no Change in Control will be deemed to have  occurred under clause (i), (ii) or (iii) if, subsequent to such time as a Change in Control would otherwise  be deemed to have occurred, a majority of the Board in office prior to such Change in Control determines  otherwise.                "Code" means the Internal Revenue Code of 1986, as amended from time to time. For purposes  of this Plan, references to sections of the Code shall be deemed to include references to any applicable  regulations thereunder and any successor or similar provision.                "Committee" means the Compensation Committee of the Board.                "Company" means Knoll, Inc., a Delaware corporation, and its successors.                "Continuous Service" means the absence of any interruption or termination of service as an  employee, officer or director of the Company or any Subsidiary, as applicable; Continuous Service will not  be interrupted under any of the following cases:  •  a Participant transfers employment, without interruption, between the Company and a Subsidiary  or between Subsidiaries,  (v)          in the case of a spin-off, sale or disposition of the Participant's employer from  the Company or any Subsidiary, but only if the Committee determines before the  transaction closes that it will not result in an interruption of service; or  

 

3    (vi)          the Participant is granted an unpaid leave of absence authorized in writing by  the Company prior to its commencement that does not exceed twelve months. The  Committee has final and conclusive authority to determine whether any other leave of  absence constitutes a termination of Continuous Service. Any other leave of absence  granted to a Participant must constitute a "bona fide leave of absence" under Treas. Reg.  Section 1.409A-1(h) if the Participant's Award is subject to Code Section 409A.                "Disability" means, except as otherwise determined pursuant to an Award Agreement, a  condition for which the Participant becomes eligible for a disability benefit under the long term disability  insurance policy issued to the Company, or under any other long term disability plan which hereafter may  be maintained by the Company, whether or not the Participant is covered by such plan. In the event of a  dispute, the determination of whether a Participant has incurred a Disability will be made by the  Committee and may be supported by the advice of a physician competent in the area to which such  Disability relates.                "Dividend Equivalent" means a right granted to a Participant under Article 11.                "Effective Date" has the meaning assigned such term in Section 3.1.                "Eligible Participant" means an employee, officer, consultant or director of the Company or any  Subsidiary.                "Exchange" means the New York Stock Exchange, or if the Stock is no longer listed on the New  York Stock Exchange, any national securities exchange on which the Stock may from time to time be  listed.                "Fair Market Value," means (i) the closing price of the Stock on the date of calculation (or on the  last preceding trading date if the Stock was not traded on such date) if the Stock is readily tradeable on a  national securities exchange or other market system or (ii) if the Stock is not readily tradeable, the  amount determined by the Committee in a manner consistent with Section 409A of the Code, or, in the  case of Shares underlying Incentive Stock Options, the amount determined by the Committee in a  manner consistent with Section 422 of the Code.                "Full-Value Award" means an Award other than in the form of an Option or SAR, and which is  settled by the issuance of Stock (or at the discretion of the Committee, settled in cash valued by  reference to Stock value).                "Incentive Stock Option" means a mean any Option, or portion thereof, awarded to a Participant  which is designated by the Committee as an incentive stock option and also meets the applicable  requirements of an incentive stock option pursuant to Section 422 of the Code.                "Independent Directors" means those members of the Board who qualify at any given time as an  "independent" director under the applicable rules of the Exchange, and as a "non-employee" director  under Rule 16b-3 of the 1934 Act.                "Non-Employee Director" means a director of the Company who is not a common law employee  of the Company or a Subsidiary.                "Option" means a right granted to a Participant under Article 7 of the Plan to purchase Stock at a  specified price during specified time periods.                "Participant" means an individual to whom an Award has been made under the Plan.  

 

4                  "Performance Award" means any award made under the Plan pursuant to Article 10.                "Plan" means The Knoll, Inc. 2021 Stock Incentive Plan, as amended from time to time.                "Restricted Stock" means Stock granted to a Participant under Article 9 that is subject to certain  restrictions and to risk of forfeiture.                "Restricted Stock Unit" means the right granted to a Participant under Article 9 to receive Shares  (or the equivalent value in cash subject to Section 14.2) in the future, which right is subject to certain  restrictions and to risk of forfeiture.                "Retirement" means a termination of employment upon reaching age 65, or as otherwise set  forth in an Award Agreement.                "Shares" means shares of the Stock. If there has been an adjustment or substitution with respect  to the Shares (whether or not pursuant to Article 13), the term "Shares" shall also include any shares of  stock or other securities that are substituted for Shares or into which Shares are adjusted.                "Stock" means the $0.20 par value common stock of MillerKnoll and such other securities of  MillerKnoll as may be substituted for Stock pursuant to Article 13.                "Stock Appreciation Right" or "SAR" means a right granted to a Participant under Article 8 to  receive a payment equal to the difference between the Fair Market Value of a Share as of the date of  exercise of the SAR over the base price of the SAR, all as determined pursuant to Article 8.                "Subsidiary" means any corporation, limited liability company, partnership or other entity, of  which 50% or more of the outstanding voting stock or voting power is beneficially owned directly or  indirectly by the Company.                "Substitute Award" means an Award under Section 12.9 of the Plan.                "1933 Act" means the Securities Act of 1933, as amended from time to time.                "1934 Act" means the Securities Exchange Act of 1934, as amended from time to time.    ARTICLE 3  EFFECTIVE TERM OF PLAN                3.1        EFFECTIVE DATE.    The Plan was adopted by the Board on March 29, 2021, but shall  only be effective upon the approval of the Plan by the Company's stockholders within 12 months after the  Plan's adoption by the Board (the "Effective Date").                3.2        TERMINATION OF PLAN.    Unless earlier terminated as provided herein, the Plan shall  continue in effect until the 10th anniversary of the Effective Date, or if the stockholders approve an  amendment to the Plan that increases the number of Shares subject to the Plan, the tenth anniversary of  the date of such approval. The termination of the Plan on such date shall not affect the validity of any  Award outstanding on the date of termination, which shall continue to be governed by the applicable  terms and conditions of the Plan.    

 

5    ARTICLE 4  ADMINISTRATION                4.1        COMMITTEE.    The Plan shall be administered by the Committee. It is intended that at  least two of the directors appointed to serve on the Committee shall be Independent Directors and that  any such members of the Committee who do not so qualify shall abstain from participating in any decision  to make or administer Awards that are made to Eligible Participants who at the time of consideration for  such Award are persons subject to the short-swing profit rules of Section 16 of the 1934 Act. However,  the mere fact that a Committee member fails to qualify as an Independent Director or fails to abstain from  such action shall not invalidate any Award made by the Committee if the Award is otherwise validly made  under the Plan.                4.2        ACTION AND INTERPRETATIONS BY THE COMMITTEE.    The Committee may from  time to time adopt rules, regulations, guidelines and procedures for carrying out the provisions and  purposes of the Plan and make such other determinations, not inconsistent with the Plan, as the  Committee may deem appropriate. The Committee may correct any defect, supply any omission or  reconcile any inconsistency in the Plan or in any Award or Award Agreement in the manner and to the  extent it deems necessary to carry out the intent of the Plan. The Committee's interpretation of the Plan,  any Awards made under the Plan, any Award Agreement and all decisions and determinations by the  Committee with respect to the Plan are final, binding, and conclusive on all parties. No member of the  Committee will be liable for any good faith determination, act or omission in connection with the Plan or  any Award.                4.3        AUTHORITY OF COMMITTEE.    Except as provided in Section 4.1 and 4.4 hereof, the  Committee has the exclusive power, authority and discretion to:  (a) Make Awards;    (b) Designate Participants;    (c) Determine the type or types of Awards to be made to each Participant;    (d) Determine the number of Awards to be made and the number of Shares or dollar amount  to which an Award will relate;    (e) Determine the terms and conditions of any Award made under the Plan;    (f) Prescribe the form of each Award Agreement, which need not be identical for each  Participant;    (g) Decide all other matters that must be determined in connection with an Award;    (h) Establish, adopt or revise any rules, regulations, guidelines or procedures as it may deem  necessary or advisable to administer the Plan;    (i) Make all other decisions and determinations that may be required under the Plan or as  the Committee deems necessary or advisable to administer the Plan;    (j) Amend the Plan or any Award Agreement as provided herein; and    (k) Adopt such modifications, procedures, and subplans as may be necessary or desirable to  comply with provisions of the laws of the United States or any non-U.S. jurisdictions in which the  Company or any Subsidiary may operate, in order to assure the viability of the benefits of Awards  made to Participants located in the United States or such other jurisdictions and to further the  objectives of the Plan.  

 

6                  4.4        DELEGATION.  (a)  Administrative Duties. The Committee may delegate to one or more of its members or to  one or more officers of the Company or to one or more agents or advisors such administrative  duties or powers as it may deem advisable, and the Committee or any individuals to whom it has  delegated duties or powers as aforesaid may employ one or more individuals to render advice  with respect to any responsibility the Committee or such individuals may have under this Plan.    (b)  Special Committee. The Committee may delegate to a special committee, consisting of  one or more Independent Directors, the authority, within specified parameters as to the number  and terms of Awards, to make Awards under this Plan, including to (i) designate officers and/or  employees of the Company or any of its Subsidiaries to be recipients of Awards under the Plan,  and (ii) to determine the number of such Awards to be received by any such Participants;  provided, however, that such delegation of duties and responsibilities may not be made with  respect to the Awards made to Eligible Participants who are subject to Section 16(a) of the 1934  Act at the Award Date. The acts of such delegates shall be treated hereunder as acts of the  Committee and such delegates shall report regularly to the Committee regarding the delegated  duties and responsibilities and any Awards so granted.    ARTICLE 5  SHARES SUBJECT TO THE PLAN AND PLAN LIMITATIONS                5.1        NUMBER OF SHARES.    Subject to adjustment as provided in Section 5.2 and  Section 13.1, the aggregate number of Shares reserved and available for issuance pursuant to Awards  granted under the Plan shall be 982,275. All of the Shares available for issuance pursuant to this  Section 5.1 shall, without limitation, be available to be granted as Incentive Stock Options.                5.2        SHARE COUNTING.    Shares covered by an Award shall be subtracted from the Plan  Share reserve as of the Award Date, but shall be added back to the Plan Share reserve or otherwise  treated in accordance with subsections (a) through (g) of this Section 5.2.  (a) The full number of Shares subject to an Award shall count against the number of Shares  remaining available for issuance pursuant to Awards made under the Plan, even if the exercise  price of an Option is satisfied through net-settlement or by delivering Shares to the Company (by  either actual delivery or attestation).    (b) Upon exercise of SARs that are settled in Shares, the full number of SARs (rather than  the net number of Shares actually delivered upon exercise) shall count against the number of  Shares remaining available for issuance pursuant to Awards granted under the Plan.    (c) Shares withheld from an Award to satisfy tax withholding requirements shall count  against the number of Shares remaining available for issuance pursuant to Awards granted under  the Plan, and Shares delivered by a Participant to satisfy tax withholding requirements shall not  be added to the Plan Share reserve.    (d) Shares repurchased on the open market with the proceeds from the exercise of an  Option or a SAR shall not again be made available for issuance under the Plan.    (e) To the extent that all or a portion of an Award is canceled, terminated, expired, forfeited  or lapses for any reason, including by reason of failure to meet time-based vesting requirements  or to achieve performance goals, any unissued or forfeited Shares subject to the Award will be  added back to the Plan Share reserve and again be available for issuance pursuant to Awards  made under the Plan.    

 

7    (f) Awards that, by their terms, may be only settled in cash, will not be counted against the  Share reserve.    (g)  Subject to applicable Exchange requirements, shares available under a stockholder- approved plan of a company acquired by the Company (as appropriately adjusted to Shares to  reflect the transaction) may be issued under the Plan pursuant to Awards made to individuals  who were not employees of the Company or its Subsidiaries immediately before such transaction  and will not count against the Share reserve.                5.3        STOCK DISTRIBUTED.    Any Stock distributed pursuant to an Award may consist, in  whole or in part, of authorized and unissued Stock, treasury Stock or Stock purchased on the open  market and may be subject to restrictions deemed appropriate by the Committee.                5.4        LIMITATION ON AWARDS.    Notwithstanding any provision in the Plan to the contrary  (but subject to adjustment as provided in Article 13)  (a) Awards to Non-Employee Directors.  The maximum number of Shares subject to Awards  granted under the Plan or otherwise during any one (1) fiscal year to any Non-Employee Director,  taken together with any cash fees paid by the Company to such Non-Employee Director during  such fiscal year for service as a Non-Employee Director, will not exceed $400,000 in total value  (calculating the value of any such awards based on the grant date fair value of such awards for  financial reporting purposes), including for this purpose, the value of any Awards that are  received in lieu of all or a portion of any annual cash retainers or other similar cash based  payments and excluding, for this purpose, the value of any Dividend Equivalent payments paid  pursuant to any Award granted in a previous fiscal year. Nothing in this section shall limit an  Award or other compensation in excess of the limit of this Section 5.4(a) to the extent such award  or other compensation is approved by action of the Board whereby all affected Non-Employee  Directors have recused themselves from such approval.    (b)  Minimum Vesting.  Awards shall be subject to forfeiture as determined by the Committee  and set forth in the applicable Award agreement, provided however, that Awards shall vest no  earlier than one (1) year from the Award Date, provided that this restriction shall not apply (A) as  determined by the Committee, in the case of the participant's death, Disability or Retirement or a  Change in Control, (B) to an Award that is granted in lieu of cash compensation foregone at the  election of a Participant, (C) to Awards for an aggregate number of Shares not to exceed 5% of  the total number of Shares available for issuance under this Plan (determined as of the Effective  Date), and (D) to Substitute Awards, which in each case of (A) through (D) may have no vesting  period or a vesting period which lapses in full prior to a Participant's completion of less than one  (1) year of service following the Award Date. Notwithstanding the forgoing, awards to Non- Employee Directors granted on or about the annual stockholders' meeting may vest at the next  annual stockholders' meeting even if such period between the two meetings is less than one  (1) year (provided that such vesting period may not be less than fifty (50) weeks after grant).    ARTICLE 6  ELIGIBILITY                6.1        GENERAL.    Awards may be granted only to Eligible Participants who are providing  services to the Company or a Subsidiary.     

 

8    ARTICLE 7  STOCK OPTIONS                7.1        GENERAL.    Options may be (i) Incentive Stock Options within the meaning of  Section 422 of the Code, or (ii) Options which do not qualify as Incentive Stock Options ("Nonqualified  Stock Options"). The Committee may grant to any participant one or more Incentive Stock Options,  Nonqualified Stock Options, or both types of Options. Each Option shall be subject to such terms and  conditions consistent with the Plan as shall be determined by the Committee and as set forth in the Award  Agreement. In addition, each Option shall be subject to the following limitations set forth in this Article 7.  (a) Exercise Price.  The exercise price per Share under an Option shall be determined by the  Committee, provided that the exercise price for any Option (other than an Option issued as a  Substitute Award pursuant to Section 12.9) shall not be less than the Fair Market Value as of the  Award Date.    (b) Prohibition on Repricing.  Except as otherwise provided in Article 13, without the prior  approval of the stockholders of the Company: (i) the exercise price of an Option may not be  reduced, directly or indirectly, (ii) an Option may not be cancelled in exchange for cash, other  Awards or property, or Options or SARs with an exercise or base price that is less than the  exercise price of the original Option, or otherwise, and (iii) the Company may not repurchase an  Option for value (in cash, substitutions, cash buyouts, or otherwise) from a Participant if the  current Fair Market Value of the Shares underlying the Option is lower than the exercise price per  Share of the Option.    (c) Time and Conditions of Exercise.  The Committee shall determine the time or times at  which an Option may be exercised in whole or in part, subject to Section 7.1(e). The Committee  shall also determine the performance or other conditions, if any, that must be satisfied before all  or part of an Option may be exercised or vested.    (d) Payment.  The Committee shall determine the methods by which the exercise price of an  Option may be paid, the form of payment, and the methods by which Shares shall be delivered or  deemed to be delivered to Participants. As determined by the Committee at or after the Award  Date, payment of the exercise price of an Option may be made, in whole or in part, in the form of  (i) cash or cash equivalents, (ii) delivery (by either actual delivery or attestation) of previously- acquired Shares based on the Fair Market Value of the Shares on the date the Option is  exercised, (iii) withholding of Shares from the Option based on the Fair Market Value of the  Shares on the date the Option is exercised, (iv) broker-assisted market sales, or (v) any other  "cashless exercise" arrangement.    (e) Exercise Term.  No Option granted under the Plan shall be exercisable for more than ten  years from the Award Date.    (f) No Deferral Feature.  No Option shall provide for any feature for the deferral of  compensation other than the deferral of recognition of income until the exercise or disposition of  the Option.    (g) No Dividends or Dividend Equivalents.  No dividends or Dividend Equivalents shall be  paid or accrued on Options.    (h) Incentive Stock Options.  Incentive Stock Options may be granted to Participants who are  employees on the Award Date. The aggregate market value (determined as of the time the  Option is granted) of Common Stock with respect to which Incentive Stock Options (under all  option plans of the Company) are exercisable for the first time by a participant during any  calendar year shall not exceed $100,000 or such other amount set forth in Section 422(d) or any  successor thereto. For purposes of the preceding sentence, Incentive Stock Options shall be  

 

9    taken into account in the order in which they are granted. Incentive Stock Options may not be  granted to any participant who, at the time of grant, owns stock possessing (after the application  of the attribution rules of Section 424(d) of the Code) more than 10 percent of the total combined  voting power of all outstanding classes of stock of the Company or any of its Subsidiaries, unless  the exercise price is fixed at not less than 110 percent of the Fair Market Value of Common Stock  on the date of grant and the exercise of such Option is prohibited by its terms after the expiration  of 5 years from the date of grant of such Option.  ARTICLE 8  STOCK APPRECIATION RIGHTS                8.1        STOCK APPRECIATION RIGHTS.    The Committee is authorized to grant SARs to  Eligible Participants on the following terms and conditions:  (a) Right to Payment.  Upon the exercise of a SAR, the Participant has the right to receive,  for each Share with respect to which the SAR is being exercised, the excess, if any, of:    (1) The Fair Market Value of one Share on the date of exercise; over    (2)  The base price of the SAR as determined by the Committee and set forth in the  Award Agreement, which shall not be less than the Fair Market Value of one Share on  the Award Date.    (b)  Prohibition on Repricing.  Except as otherwise provided in Article 13, without the prior  approval of the stockholders of the Company: (i) the base price of a SAR may not be reduced,  directly or indirectly, (ii) a SAR may not be cancelled in exchange for cash, other Awards or  property, or Options or SARs with an exercise or base price that is less than the base price of the  original SAR, and (iii) the Company may not repurchase a SAR for value (in cash, substitutions,  cash buyouts, or otherwise) from a Participant if the current Fair Market Value of the Shares  underlying the SAR is lower than the base price per Share of the SAR.    (c) Time and Conditions of Exercise.  The Committee shall determine the time or times at  which a SAR may be exercised in whole or in part. No SAR shall be exercisable for more than ten  years from the Award Date.    (d) No Deferral Feature.  No SAR shall provide for any feature for the deferral of  compensation other than the deferral of recognition of income until the exercise or disposition of  the SAR.    (e) No Dividends or Dividend Equivalents.  No dividends or Dividend Equivalents shall be  paid or accrued on SARs.    ARTICLE 9  RESTRICTED STOCK AND RESTRICTED STOCK UNITS                9.1        RESTRICTED STOCK AND RESTRICTED STOCK UNITS.    The Committee is  authorized to make Awards of Restricted Stock and Restricted Stock Units to Eligible Participants in such  amounts and subject to such terms and conditions as may be selected by the Committee.                9.2        ISSUANCE AND RESTRICTIONS.    Restricted Stock and Restricted Stock Units shall  be subject to such restrictions on transferability and other restrictions as the Committee may impose.  These restrictions may lapse separately or in combination at such times, under such circumstances, in  such installments, upon the satisfaction of performance goals or otherwise, as the Committee determines  at the time of the grant of the Award or thereafter. Except as otherwise provided in an Award Agreement  

 

10    or any special Plan document governing an Award, a Participant shall have none of the rights of a  stockholder with respect to Restricted Stock Units until Shares of Stock are released in settlement of such  Awards.                9.3        DIVIDENDS AND DIVIDEND EQUIVALENTS.    In the case of Restricted Stock Units,  the Participant shall not be entitled to receive dividends or Dividend Equivalents unless the Award  Agreement specifically provides for Dividend Equivalents, subject to Section 11.1. In the case of  Restricted Stock, all dividends with respect to such Shares shall be accumulated and shall be subject to  the same terms and conditions as are applicable to the Restricted Stock to which the dividends relate.  For avoidance of doubt, all such accumulated dividends shall be paid in cash only if and when the  Restricted Stock to which they relate vest.                9.4        FORFEITURE.    Subject to the terms of the Award Agreement and except as otherwise  determined by the Committee at the time of the grant of the Award or thereafter, upon termination of  Continuous Service during the applicable restriction period or upon failure to satisfy a performance goal  during the applicable restriction period, Restricted Stock or Restricted Stock Units that are at that time  subject to restrictions shall be forfeited.                9.5        DELIVERY OF RESTRICTED STOCK.    Shares of Restricted Stock shall be delivered  to the Participant at the Award Date either by book-entry registration or by delivering to the Participant, or  a custodian or escrow agent (including, without limitation, the Company or one or more of its employees)  designated by the Committee, a stock certificate or certificates registered in the name of the Participant. If  physical certificates representing shares of Restricted Stock are registered in the name of the Participant,  such certificates must bear an appropriate legend referring to the terms, conditions, and restrictions  applicable to such Restricted Stock.    ARTICLE 10  PERFORMANCE AWARDS                10.1      PERFORMANCE AWARDS.    The Committee is authorized to make any Award under  this Plan, including cash-based Awards, with performance-based vesting criteria, on such terms and  conditions as may be selected by the Committee. Any such Awards with performance-based vesting  criteria are referred to herein as Performance Awards. The Committee shall have the complete discretion  to determine the number of Performance Awards made to each Eligible Participant, subject to  Section 5.4, and to designate the provisions of such Performance Awards as provided in Section 4.3. All  Performance Awards shall be evidenced by an Award Agreement or a written program established by the  Committee, pursuant to which Performance Awards are awarded under the Plan under uniform terms,  conditions and restrictions set forth in such written program.                10.2      PERFORMANCE GOALS.    The Committee may establish performance goals for  Performance Awards which may be based on any criteria selected by the Committee, including, without  limitation, any one or more of the following: total shareholder return, operating profits; revenue growth;  gross profit margin; operating profit margin; net sales; pretax income before allocation of corporate  overhead and bonus; budget; earnings per Share; net income; division, group or corporate financial  goals; return on stockholders' equity; return on assets; attainment of strategic and operational initiatives;  appreciation in and/or maintenance of the price of Common Stock or any other publicly traded securities  of the Company; market share; gross profits; earnings before interest and taxes; earnings before interest,  taxes, depreciation and amortization; economic value added models; comparisons with various stock  market indices; reductions in costs. Such performance goals may be described in terms of Company-wide  objectives or in terms of objectives that relate to the performance of the Participant, a Subsidiary or a  division, region, department or function within the Company or a Subsidiary. Unless determined otherwise  by the Committee, when measuring performance relative to a comparator group or index, any member of  the comparator group or an index that ceases to exist during a measurement period shall be disregarded  for the entire measurement period. Performance Goals need not be based upon an increase or positive  

 

11    result under a business criterion and could include, for example, the maintenance of the status quo or the  limitation of economic losses (measured, in each case, by reference to a specific business criterion).  Performance measures may but need not be determinable in conformance with generally accepted  accounting principles. If the Committee determines that a change in the business, operations, corporate  structure or capital structure of the Company or the manner in which the Company or a Subsidiary  conducts its business, or other events or circumstances render performance goals to be unsuitable, the  Committee may modify such performance goals in whole or in part, as the Committee deems appropriate.  If a Participant is promoted, demoted or transferred to a different business unit or function during a  performance period, the Committee may determine that the performance goals or performance period are  no longer appropriate and may (i) adjust, change or eliminate the performance goals or the applicable  performance period as it deems appropriate to make such goals and period comparable to the initial  goals and period, or (ii) make a cash payment to the Participant in an amount determined by the  Committee.    ARTICLE 11  DIVIDENDS AND DIVIDEND EQUIVALENTS                11.1      GRANT OF DIVIDENDS AND DIVIDEND EQUIVALENTS.    The Committee is  authorized to pay or provide dividends or Dividend Equivalents, as applicable, with respect to Full-Value  Awards made hereunder, subject to such terms and conditions as may be selected by the Committee,  provided that, no dividends or Dividend Equivalent shall vest or be paid unless and until the Full-Value  Award to which it relates vests. Dividend Equivalents shall entitle the Participant to receive payments  equal to ordinary cash dividends or distributions with respect to all or a portion of the number of Shares  subject to a Full-Value Award, as determined by the Committee. The Committee may provide that  dividends or Dividend Equivalents (i) will be deemed to have been reinvested in additional Full-Value  Awards, or (ii) accumulated and paid either at the time the Full-Value Award vests or is settled (or such  other date after vesting of the Full-Value Award as specified in the Award Agreement.    ARTICLE 12  PROVISIONS APPLICABLE TO AWARDS                12.1      AWARD AGREEMENTS.    Each Award shall be evidenced by an Award Agreement.  Each Award Agreement shall include such provisions, not inconsistent with the Plan, as may be specified  by the Committee.                12.2      FORM OF PAYMENT FOR AWARDS.    At the discretion of the Committee, payment of  Awards may be made in cash, Stock, a combination of cash and Stock, or any other form of property as  the Committee shall determine. In addition, payment of Awards may include such terms, conditions,  restrictions and/or limitations, if any, as the Committee deems appropriate, including, in the case of  Awards paid in the form of Stock, restrictions on transfer and forfeiture provisions.                12.3      LIMITS ON TRANSFER.    No right or interest of a Participant in any unexercised or  restricted Award may be pledged, encumbered, or hypothecated to or in favor of any party other than the  Company or a Subsidiary, or shall be subject to any lien, obligation, or liability of such Participant to any  other party other than the Company or a Subsidiary. No unexercised or restricted Award shall be  assignable or transferable by a Participant other than by will or the laws of descent and distribution.                12.4      STOCK TRADING RESTRICTIONS.    All Stock issuable under the Plan is subject to  any stop-transfer orders and other restrictions as the Committee deems necessary or advisable to comply  with federal or state securities laws, rules and regulations and the rules of any national securities  exchange or automated quotation system on which the Stock is listed, quoted, or traded. The Committee  

 

12    may place legends on any Stock Agreement or issue instructions to the transfer agent to reference  restrictions applicable to the Stock.                12.5      TREATMENT UPON TERMINATION OF SERVICE.    The applicable Award Agreement  or other special Plan document governing an Award shall specify the treatment of such Award upon the  termination of a Participant's Continuous Service.                12.6      EFFECT OF A CHANGE IN CONTROL.    The provisions of this Section 12.6 shall apply  in the case of a Change in Control, unless otherwise provided in the Award Agreement or any special  Plan document or separate agreement with a Participant governing an Award.  (a) Awards Assumed or Substituted by Surviving Entity.  With respect to Awards assumed by  the Surviving Entity or otherwise equitably converted or substituted in connection with a Change  in Control: if within one (1) year after the effective date of the Change in Control, a Participant's  employment is involuntarily terminated other than for cause, then upon such termination (i) all of  that Participant's outstanding Options or SARs shall become fully exercisable, (ii) all time-based  vesting restrictions on his or her outstanding Awards shall lapse and such Awards shall fully vest,  and (iii) the payout level under all of that Participant's performance-based Awards that were  outstanding immediately before the effective time of the Change in Control shall be determined  and deemed to have been earned as of the date of termination based upon an assumed  achievement of all relevant performance goals at the "target" level, and, there shall be a pro rata  payout to such Participant within 60 days following the date of termination of employment (unless  a later date is required under Section 15.3), based upon the length of time (in days) within the  performance period that has elapsed prior to the date of termination of employment. Any Options  or SARs shall thereafter continue or lapse in accordance with the other provisions of the Plan and  the Award Agreement.    (b) Awards not Assumed or Substituted by Surviving Entity.  Upon the occurrence of a  Change in Control, and except with respect to any Awards assumed by the Surviving Entity or  otherwise equitably converted or substituted in connection with the Change in Control in a  manner approved by the Committee or the Board: (i) outstanding Options or SARs shall become  fully exercisable, (ii) time-based vesting restrictions on outstanding Awards shall lapse and such  Awards shall fully vest, and (iii) the payout level attainable under outstanding performance-based  Awards shall be deemed to have been fully earned as of the effective date of the Change in  Control based upon an assumed achievement of all relevant performance goals at the "target"  level, and there shall be a pro rata payout to Participants within sixty (60) days following the  Change in Control (unless a later date is required by Section 15.3 hereof), based upon the length  of time (in days) within the performance period that has elapsed prior to the Change in Control.  Any Options or SARs shall thereafter continue or lapse in accordance with the other provisions of  the Plan and the Award Agreement. Subject to compliance with Code Section 409A, and any  greater rights granted to Participants hereunder, in the event of a Change in Control, any  outstanding Awards shall be treated as provided in the applicable agreement or plan of merger,  consolidation or sale of assets.                12.7      ACCELERATION FOR OTHER REASONS.    Regardless of whether an event has  occurred as described in Sections 12.5 or 12.6 above, subject to 5.4(b), the Committee may in its sole  discretion at any time determine that, upon the termination of service of a Participant for any reason, or  the occurrence of a Change in Control, all or a portion of such Participant's Options or SARs shall  become fully or partially exercisable, that all or a part of the restrictions on all or a portion of the  Participant's outstanding Awards shall lapse, and/or that any performance-based criteria with respect to  any Awards held by that Participant shall be deemed to be wholly or partially satisfied, in each case, as of  such date as the Committee may, in its sole discretion, declare. The Committee may discriminate among  Participants and among Awards made to a Participant in exercising its discretion pursuant to this  Section 12.7.  

 

13                  12.8      FORFEITURE EVENTS.    Awards under the Plan shall be subject to any compensation  recoupment policy that the Company may adopt from time to time that is applicable by its terms to the  Participant, including without limitation, the Knoll, Inc. Compensation Recoupment Policy, as may be  amended from time to time. In addition, the Committee may specify in an Award Agreement that the  Participant's rights, payments and benefits with respect to an Award shall be subject to reduction,  cancellation, forfeiture or recoupment upon the occurrence of certain specified events, in addition to any  otherwise applicable vesting or performance conditions of an Award. Such events may include, but shall  not be limited to, (i) termination of employment for cause, (ii) violation of material Company or Subsidiary  policies, (iii) breach of noncompetition, confidentiality or other restrictive covenants that may apply to the  Participant, (iv) other conduct by the Participant that is detrimental to the business or reputation of the  Company or any Subsidiary, or (v) a later determination that the vesting of, or amount realized from, a  Performance Award was based on materially inaccurate financial statements or any other materially  inaccurate performance metric criteria, whether or not the Participant caused or contributed to such  material inaccuracy. The Company shall seek to recover any Award made as required by the provisions  of the Dodd-Frank Wall Street Reform and Consumer Protection Act or any other "clawback" provision  required by law or the listing standards of the Exchange.                12.9      SUBSTITUTE AWARDS.    The Committee may grant Awards under the Plan in  substitution for stock and stock-based awards held by employees of another entity who become  employees of the Company or a Subsidiary as a result of a merger or consolidation of the former  employing entity with the Company or a Subsidiary or the acquisition by the Company or a Subsidiary of  property or stock of the former employing corporation. The Committee may direct that the substitute  awards be made on such terms and conditions as the Committee considers appropriate in the  circumstances.    ARTICLE 13  CHANGES IN CAPITAL STRUCTURE                13.1      MANDATORY ADJUSTMENTS.    In the event of a nonreciprocal transaction between  the Company and its stockholders that causes the per-share value of the Stock to change (including,  without limitation, any stock dividend, stock split, spin-off, rights offering, or large nonrecurring cash  dividend), the Committee shall make such adjustments to the Plan and Awards as it deems necessary, in  its sole discretion, to prevent dilution or enlargement of rights immediately resulting from such transaction.  Action by the Committee may include: (i) adjustment of the number and kind of shares that may be  delivered under the Plan; (ii) adjustment of the number and kind of shares subject to outstanding Awards;  (iii) adjustment of the exercise price or base price of outstanding Awards or the measure to be used to  determine the amount of the benefit payable on an Award; and (iv) any other adjustments that the  Committee determines to be equitable. Notwithstanding the foregoing, the Committee shall not make any  adjustments to outstanding Options or SARs that would constitute a modification or substitution of the  stock right under Treas. Reg. Sections 1.409A-1(b)(5)(v) that would be treated as the grant of a new  stock right or change in the form of payment for purposes of Code Section 409A. Without limiting the  foregoing, in the event of a subdivision of the outstanding Stock (stock-split), a declaration of a dividend  payable in Shares, or a combination or consolidation of the outstanding Stock into a lesser number of  Shares, the authorization limits under Sections 5.1 and 5.4 shall automatically be adjusted  proportionately, and the Shares then subject to each Award shall automatically, without the necessity for  any additional action by the Committee, be adjusted proportionately without any change in the aggregate  purchase price therefor.                13.2      DISCRETIONARY ADJUSTMENTS.    Upon the occurrence or in anticipation of any  corporate event or transaction involving the Company (including, without limitation, any merger,  reorganization, recapitalization, combination or exchange of shares, or any transaction described in  Section 13.1), the Committee may, in its sole discretion, provide (i) that Awards will be settled in cash  rather than Stock, (ii) that Awards will become immediately vested and non-forfeitable and exercisable (in  whole or in part) and will expire after a designated period of time to the extent not then exercised, (iii) that  

 

14    Awards will be assumed by another party to a transaction or otherwise be equitably converted or  substituted in connection with such transaction, (iv) that outstanding Awards may be settled by payment  in cash or cash equivalents equal to the excess of the Fair Market Value of the underlying Stock, as of a  specified date associated with the transaction, over the exercise or base price of the Award, (v) that  performance targets and performance periods for Performance Awards will be modified, or (vi) any  combination of the foregoing. The Committee's determination need not be uniform and may be different  for different Participants whether or not such Participants are similarly situated.                13.3      GENERAL.    Any discretionary adjustments made pursuant to this Article 13 shall be  subject to the provisions of Section 14.2.    ARTICLE 14  AMENDMENT, MODIFICATION AND TERMINATION                14.1      AMENDMENT, MODIFICATION AND TERMINATION.    The Board or the Committee  may, at any time and from time to time, amend, modify or terminate the Plan without stockholder  approval; provided, however, that if an amendment to the Plan would, in the reasonable opinion of the  Board or the Committee, either (i) materially increase the number of Shares available under the Plan,  (ii) expand the types of awards under the Plan, (iii) materially expand the class of participants eligible to  participate in the Plan, (iv) materially extend the term of the Plan, or (v) otherwise constitute a material  change requiring stockholder approval under applicable laws, policies or regulations or the applicable  listing or other requirements of an Exchange, then such amendment shall be subject to stockholder  approval; and provided, further, that the Board or Committee may condition any other amendment or  modification on the approval of stockholders of the Company for any reason, including by reason of such  approval being necessary or deemed advisable (i) to comply with the listing or other requirements of an  Exchange, or (ii) to satisfy any other tax, securities or other applicable laws, policies or regulations.  Notwithstanding the forgoing, any amendment related to the compensation of Non-Employee Directors  shall be subject to approval by the Board.                14.2      AWARDS PREVIOUSLY MADE.    At any time and from time to time, the Committee  may amend, modify or terminate any outstanding Award without approval of the Participant; provided,  however:  (a) Subject to the terms of the applicable Award Agreement, such amendment, modification  or termination shall not, without the Participant's consent, reduce or diminish the value of such  Award determined as if the Award had been exercised, vested, cashed in or otherwise settled on  the date of such amendment or termination (with the per-Share value of an Option or SAR for this  purpose being calculated as the excess, if any, of the Fair Market Value as of the date of such  amendment or termination over the exercise or base price of such Award);    (b) The original term of an Option or SAR may not be extended without the prior approval of  the stockholders of the Company;    (c) Except as otherwise provided in Section 13.1, the exercise price of an Option or base  price of a SAR may not be reduced, directly or indirectly, without the prior approval of the  stockholders of the Company; and    (d) No termination, amendment, or modification of the Plan shall adversely affect any Award  previously made under the Plan, without the written consent of the Participant affected thereby.  An outstanding Award shall not be deemed to be "adversely affected" by a Plan amendment if  such amendment would not reduce or diminish the value of such Award determined as if the  Award had been exercised, vested, cashed in or otherwise settled on the date of such  amendment (with the per-Share value of an Option or SAR for this purpose being calculated as  

 

15    the excess, if any, of the Fair Market Value as of the date of such amendment over the exercise  or base price of such Award).                14.3      COMPLIANCE AMENDMENTS.    Notwithstanding anything in the Plan or in any Award  Agreement to the contrary, the Board or the Committee may amend the Plan or an Award Agreement, to  take effect retroactively or otherwise, as deemed necessary or advisable for the purpose of conforming  the Plan or Award Agreement to any present or future law relating to plans of this or similar nature  (including, but not limited to, Code Section 409A), and to the administrative regulations and rulings  promulgated thereunder. By accepting an Award under this Plan, a Participant agrees to any amendment  made pursuant to this Section 14.3 to any Award made under the Plan without further consideration or  action.                14.4      CORRECTION OF ERRORS.    Notwithstanding anything in any Award Agreement to  the contrary, the Committee may amend an Award Agreement, to take effect retroactively or otherwise, as  deemed necessary or advisable for the purpose of correcting errors occurring in connection with the grant  or documentation of an Award, including rescinding an Award erroneously granted, including, but not  limited to, an Award erroneously granted to an individual who does not qualify as an Eligible Participant  on the date of grant. By accepting an Award under this Plan, a Participant agrees to any amendment  made pursuant to this Section 14.4 to any Award made under the Plan without further consideration or  action.    ARTICLE 15  GENERAL PROVISIONS                15.1      RIGHTS OF PARTICIPANTS.  (a) No Participant or any Eligible Participant shall have any claim to receive any Award under  the Plan. Neither the Company, its Subsidiaries nor the Committee is obligated to treat  Participants or Eligible Participants uniformly, and determinations made under the Plan may be  made by the Committee selectively among Eligible Participants who receive, or are eligible to  receive, Awards (whether or not such Eligible Participants are similarly situated).    (b) Nothing in the Plan, any Award Agreement or any other document or statement made  with respect to the Plan, shall interfere with or limit in any way the right of the Company or any  Subsidiary to terminate any Participant's employment or status as an officer, or any Participant's  service as a director, at any time, nor confer upon any Participant any right to continue as an  employee, officer or director of the Company or any Subsidiary, whether for the duration of a  Participant's Award or otherwise.    (c) Neither an Award nor any benefits arising under this Plan shall constitute an employment  contract with the Company or any Subsidiary and, accordingly, subject to Article 13, this Plan and  the benefits hereunder may be terminated at any time in the sole and exclusive discretion of the  Committee without giving rise to any liability on the part of the Company or an of its Subsidiaries.    (e) No Award gives a Participant any of the rights of a stockholder of the Company unless  and until Shares are in fact issued to such person in connection with such Award.                15.2      WITHHOLDING.    The Company shall have the right and power to deduct from all  amounts paid to a Participant in cash or Shares or to require a Participant to remit in cash to the  Company promptly upon notification of the amount due, an amount to satisfy the minimum federal, state  or local or foreign taxes or other obligations required by law to be withheld with respect thereto with  respect to any Stock Award under this Plan. In the case of any Stock Award satisfied in the form of  Shares, no Shares shall be issued unless and until arrangements satisfactory to the Committee shall  have been made to satisfy the statutory minimum withholding tax obligations applicable with respect to  

 

16    such Award. The Company may defer issuance or delivery of Stock until such requirements are satisfied.  Without limiting the generality of the foregoing, the Company shall have the right to retain, or the  Committee may, subject to such terms and conditions as it may establish from time to time, permit  Participants to elect to tender, Shares (including Shares pursuant to or issuable in respect of an Award) to  satisfy, in whole or in part, the amount required to be withheld (provided that such amount, consistent with  Accounting Standards Codification 718 as amended from time to time, shall not be in excess of the  maximum statutory federal, state and local withholding requirements).                15.3      SPECIAL PROVISIONS RELATED TO CODE SECTION 409A.  (a) It is the intention of Company that the provisions of this Plan and any Award thereunder  either (i) provide compensation that is not deferred compensation, or (ii) provide compensation  that is deferred compensation exempt from Section 409A of the Code, or (iii) provide deferred  compensation that complies with Section 409A of the Code and the rules, regulations and other  authorities promulgated thereunder (including the transition rules thereof) (collectively, "409A"),  and all provisions of this Plan and any Award Agreements will be construed and interpreted in a  manner consistent with this intent.    (b) To the extent a Participant is a "specified employee," as defined in  Section 409A(a)(2)(B)(i) of the Code and as determined in good faith by Company,  notwithstanding the timing of payment otherwise provided in the Plan or an Award Agreement, no  payment, distribution or benefit that constitutes a distribution of deferred compensation (within the  meaning of Treasury Regulation Section 1.409A-1(b)) upon separation from service (within the  meaning of Treasury Regulation Section 1.409A-1(h)), after taking into account all available  exemptions, that would otherwise be payable during the six-month period after separation from  service will be made during such six-month period, and any such payment, distribution or benefit  will instead be paid on the first business day after such six-month period.    (c) For purposes of 409A, each installment, tranche, portion or segment of a payment under  the Plan or any Award, will be deemed to be a separate payment as permitted under Treasury  Regulation Section 1.409A-2(b)(2)(iii).    (d) Notwithstanding anything to the contrary contained in the Plan or any Award Agreement,  any payment caused by a termination of employment shall occur only to the extent that the  Participant incurs a "separation from service" with the Company within the meaning of Treasury  Regulation Section 1.409A-1(h).    (f) Notwithstanding the foregoing, neither the Company nor the Committee shall have any  obligation to take any action to prevent the assessment of any excise tax or penalty on any  Participant under Section 409A of the Code and neither the Company nor the Committee will  have any liability to any Participant for such tax or penalty.                15.4      UNFUNDED STATUS OF AWARDS.    The Plan is intended to be an "unfunded" plan  for incentive and deferred compensation. With respect to any payments not yet made to a Participant  pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give the Participant  any rights that are greater than those of a general creditor of the Company or any Subsidiary. In its sole  discretion, the Committee may authorize the creation of grantor trusts or other arrangements to meet the  obligations created under the Plan to deliver Shares or payments in lieu of Shares with respect to  Awards. This Plan is not intended to be subject to ERISA.                15.5      RELATIONSHIP TO OTHER BENEFITS.    No payment under the Plan shall be taken  into account in determining any benefits under any pension, retirement, savings, profit sharing, group  insurance, welfare or benefit plan of the Company or any Subsidiary unless provided otherwise in such  other plan. Nothing contained in the Plan will prevent the Company from adopting other or additional  

 

17    compensation arrangements, subject to stockholder approval if such approval is required; and such  arrangements may be either generally applicable or applicable only in specific cases.                15.6      FRACTIONAL SHARES.    No fractional Shares shall be issued and the Committee shall  determine, in its discretion, whether cash shall be given in lieu of fractional Shares or whether such  fractional Shares shall be eliminated by rounding up or down.                15.7      GOVERNMENT AND OTHER REGULATIONS.  (a) Notwithstanding any other provision of the Plan, no Participant who acquires Shares  pursuant to the Plan may, during any period of time that such Participant is an Subsidiary of the  Company (within the meaning of the rules and regulations of the Securities and Exchange  Commission under the 1933 Act), sell such Shares, unless such offer and sale is made  (i) pursuant to an effective registration statement under the 1933 Act, which is current and  includes the Shares to be sold, or (ii) pursuant to an appropriate exemption from the registration  requirement of the 1933 Act, such as that set forth in Rule 144 promulgated under the 1933 Act.    (b) Notwithstanding any other provision of the Plan, if at any time the Committee shall  determine that the registration, listing or qualification of the Shares covered by an Award upon  any Exchange or under any foreign, federal, state or local law or practice, or the consent or  approval of any governmental regulatory body, is necessary or desirable as a condition of, or in  connection with, the granting of such Award or the purchase or receipt of Shares thereunder, no  Shares may be purchased, delivered or received pursuant to such Award unless and until such  registration, listing, qualification, consent or approval shall have been effected or obtained free of  any condition not acceptable to the Committee. Any Participant receiving or purchasing Shares  pursuant to an Award shall make such representations and agreements and furnish such  information as the Committee may request to assure compliance with the foregoing or any other  applicable legal requirements. The Company shall not be required to issue or deliver any  certificate or certificates for Shares under the Plan prior to the Committee's determination that all  related requirements have been fulfilled. The Company shall in no event be obligated to register  any securities pursuant to the 1933 Act or applicable state or foreign law or to take any other  action in order to cause the issuance and delivery of such certificates to comply with any such  law, regulation or requirement.                15.8      GOVERNING LAW.    To the extent not governed by federal law, the Plan and all Award  Agreements shall be construed in accordance with and governed by the laws of the State of Delaware.                15.9      SEVERABILITY.    In the event that any provision of this Plan is found to be invalid or  otherwise unenforceable under any applicable law, such invalidity or unenforceability will not be  construed as rendering any other provisions contained herein as invalid or unenforceable, and all such  other provisions will be given full force and effect to the same extent as though the invalid or  unenforceable provision was not contained herein.                15.10    NO LIMITATIONS ON RIGHTS OF COMPANY.    The grant of any Award shall not in  any way affect the right or power of the Company to make adjustments, reclassification or changes in its  capital or business structure or to merge, consolidate, dissolve, liquidate, sell or transfer all or any part of  its business or assets. The Plan shall not restrict the authority of the Company, for proper corporate  purposes, to draft or assume awards, other than under the Plan, to or with respect to any person. If the  Committee so directs, the Company may issue or transfer Shares to a Subsidiary, for such lawful  consideration as the Committee may specify, upon the condition or understanding that the Subsidiary will  transfer such Shares to a Participant in accordance with the terms of an Award made to such Participant  and specified by the Committee pursuant to the provisions of the Plan.  

 

18                  15.11    INDEMNIFICATION.    Neither the Board nor the Committee, nor any member of either  or any delegate thereof, shall be liable for any act, omission, interpretation, construction or determination  made in good faith in connection with the Plan, and the members of the Board and the Committee (and  any delegate thereof) shall be entitled in all cases to indemnification and reimbursement by the Company  in respect of any claim, loss, damage or expense (including, without limitation, reasonable attorneys' fees)  arising or resulting therefrom to the fullest extent permitted by law and/or under any directors' and officers'  liability insurance coverage which may be in effect from time to time and/or any indemnification  agreement between such individual and the Company.                15.12    DEFERRAL.    Except as otherwise provided herein, a Participant may defer receipt or  payment of any Award (other than an Option or a SAR), in accordance with the terms of any deferred  compensation plan or arrangement of the Company.      18908276.1exhibit10_15x05282022

  VARNUM  www.varnumlaw.com   #17046127v2  MillerKnoll, Inc.  Executive Equalization Retirement Plan  2022 Restatement  (for years beginning on or after January 1, 2022)    DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 

 

   Page i of ii   #17046127v2 2022 Restatement  Table of Contents   Page   Article 1 Introduction .................................................................................................. 1  Section 1.1 Purpose ........................................................................................................ 1  Section 1.2 Effective Date ............................................................................................... 1  Article 2 Definitions .................................................................................................... 1  Section 2.1 Words and Phrases ...................................................................................... 1  Section 2.2 Definitions .................................................................................................... 2  Section 2.3 Interpretation and Construction ................................................................. 7  Article 3 Participation ................................................................................................. 8  Section 3.1 Participation ................................................................................................. 8  Section 3.2 Entry Date .................................................................................................... 8  Article 4 Contributions ................................................................................................ 8  Section 4.1 Retirement Savings Contributions ............................................................... 8  Section 4.2 Matching Contributions ............................................................................... 9  Section 4.3 Profit Sharing Contributions ........................................................................ 9  Section 4.4 Contributions for Reemployed Veterans ................................................... 10  Article 5 Participant Accounts ................................................................................... 10  Section 5.1 Individual Accounts .................................................................................... 10  Section 5.2 Allocations ................................................................................................. 10  Article 6 Benefits ...................................................................................................... 12  Section 6.1 Election of Participant ............................................................................... 12  Section 6.2 Payment of Amounts That Are Not Covered by a Participant’s Election .. 12  Section 6.3 Payments Upon Death ............................................................................... 13  Section 6.4 Designation of Beneficiary ......................................................................... 13  Section 6.5 Hardship Withdrawals ............................................................................... 14  Section 6.6 Payments Upon Change in Control ............................................................ 15  Article 7 Funding ....................................................................................................... 17  Section 7.1 Fund ........................................................................................................... 17  Section 7.2 Investment of Individual Accounts ............................................................ 17  Article 8 Administration ............................................................................................ 18  Section 8.1 Plan Administrator ..................................................................................... 18  Section 8.2 Allocation of Responsibilities ..................................................................... 19  DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 

 

   Page ii of ii   #17046127v2 2022 Restatement  Section 8.3 Committee ................................................................................................. 19  Section 8.4 Domestic Relations Orders ........................................................................ 20  Section 8.5 Facility of Payment .................................................................................... 21  Section 8.6 Indemnification .......................................................................................... 22  Article 9 Claims ......................................................................................................... 22  Section 9.1 General Requirements ............................................................................... 22  Section 9.2 Claims Procedure ....................................................................................... 23  Section 9.3 Legal Actions .............................................................................................. 25  Article 10 Amendment and Termination ................................................................... 25  Section 10.1 Amendment ............................................................................................. 25  Section 10.2 Termination ............................................................................................. 25  Article 11 Miscellaneous ........................................................................................... 26  Section 11.1 Prohibition on Assignment and Alienation .............................................. 26  Section 11.2 Limitation of Rights .................................................................................. 26  Section 11.3 Litigation .................................................................................................. 26  Section 11.4 Severability .............................................................................................. 27  Section 11.5 Governing Law ......................................................................................... 27  DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 

 

   Page 1 of 27   #17046127v2 2022 Restatement  MillerKnoll, Inc.  Executive Equalization Retirement Plan   2022 Restatement   (for years beginning on or after January 1, 2022)   The MillerKnoll, Inc. Executive Equalization Retirement Plan is maintained by  MillerKnoll, Inc., a Michigan corporation, for executive employees of the company and  other participating employers.   Article 1 Introduction   Section 1.1 Purpose   The Company established this Plan effective January 1, 2008 to provide an  additional retirement program for certain of its management and other highly  compensated employees. The Plan is intended to be a “top hat” plan that will be  exempt from the requirements of Parts 2, 3, and 4 of Subtitle B of Title I of ERISA, and is  not intended to satisfy the requirements of Section 401(a) of the Code.  Section 1.2 Effective Date   This is an amendment and restatement of the plan, generally effective for plan  years beginning on or after January 1, 2022 (the “restatement effective date”), and may  be referred to as the 2022 restatement. Prior to the 2022 restatement, the plan was  known as the Herman Miller, Inc. Executive Equalization Retirement Plan and was  maintained by Herman Miller, Inc., a Michigan corporation.  Article 2 Definitions   Section 2.1 Words and Phrases   The definitions of words and phrases in this article apply whether or not they are  capitalized, unless the context clearly indicates that another meaning is intended.   DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 

 

   Page 2 of 27   #17046127v2 2022 Restatement  Section 2.2 Definitions   Account means an account maintained to record a participant’s share of  contributions to the Plan and allocation of income with respect to these contributions.  The following separate accounts will be maintained for each participant:   Cash Balance Account: The account maintained to record the  participant’s share of the Company’s contributions that are made to supplement  the contributions made pursuant to the Company’s Retirement Income Plan and  allocations of income with respect to this account;   Profit Sharing Account: The account maintained to record the  participant’s share of the Company’s contributions that are made to supplement  the Company’s discretionary contributions to the Company’s Profit Sharing and  401(k) Plan and allocations of income with respect to these contributions;   Retirement Savings Account: The account maintained to record  the participant’s voluntary retirement savings contributions and allocations of  income with respect to these contributions.   Matching Account: The account maintained to record the  participant’s share of the Company’s matching contributions and allocations of  income with respect to these contributions.  Accounting period means the period beginning on the day after an allocation  date and ending on the following allocation date.   Administration expense means a reasonable expense of administering the plan,  including reasonable expenses of administering the trust.   Affiliated service group means a group of organizations described in  Code §414(m).   Allocation date means the last day of the plan year and such other dates as the  plan administrator may designate. The plan administrator may designate more frequent  periodic allocation dates and interim or other special allocation dates for any purpose at  any time in the plan administrator’s discretion, provided that the designation of  allocation dates does not discriminate in favor of highly compensated employees.   Alternate payee means a spouse, former spouse, child, or other dependent of a  participant who is recognized by a qualified domestic relations order as having a right to  receive all or a portion of the benefits otherwise payable to a participant.   DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 

 

   Page 3 of 27   #17046127v2 2022 Restatement  Beneficiary means a person designated by a participant under the terms of the  plan or, in the absence of a valid designation by the participant, designated by the terms  of the plan to receive any benefit payable under the plan after the participant’s death.   Code means the Internal Revenue Code of 1986.   Committee means the persons appointed by the company to assist the company  or the plan administrator with matters relating to the plan or appointed by the company  to be the plan administrator.   Company means MillerKnoll, Inc., a Michigan corporation.   Compensation means the wages that are paid during the plan year by an  employer to an employee for personal services rendered by the employee to an  employer and reportable in Box 1 of IRS Form W-2, determined without regard to the  rules under Code §3401(a) that limit the compensation included in wages based on the  nature or location of the employment or the services rendered, increased by the  amounts in paragraph (1), and decreased by the amounts in paragraph (2).    The wages will be increased by elective contributions made during  the compensation period to a plan maintained pursuant to Code §125, 132(f)(4),  401(k), or 403(b).   The wages will be decreased by—   (A) amounts paid before the employee becomes a participant  in the plan; and  (B) amounts paid as signing bonuses, reimbursements of  moving expenses or other expense allowance, severance pay, and  miscellaneous earnings such as income from the exercise of stock  options.  Controlled group means a controlled group of corporations within the meaning  of Code §1563(a) (as modified by Code §409(l)(4)(B) and (C) and determined without  regard to Code §1563(a)(4) and (e)(3)(C)).  Employee means an individual who is a common-law employee of any member  of the employer group. An employee becomes a former employee when the employee  has a severance from employment.   Employer means the company or any participating employer.   DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 

 

   Page 4 of 27   #17046127v2 2022 Restatement  Employer group means, with respect to any employer, all corporations, trades,  and businesses that are members of a controlled group with the employer, all  organizations that are members of an affiliated service group with the employer, and all  other persons who are aggregated with the employer under Code §414(o), even if they  are not participating employers. For participation and vesting purposes, however,  employer group also includes all participating employers, even if they are not members  of a controlled group, members of an affiliated service group, or otherwise aggregated  with the company or any other employer.   ERISA means the Employee Retirement Income Security Act of 1974.   Five-percent owner means an employee who owns, directly or indirectly, more  than 5% of any member of the employer group.    In the case of a corporation, an employee owns more than 5% if  the employee owns, directly or indirectly, (i) more than 5% of the outstanding  stock or (ii) stock possessing more than 5% of the total combined voting power  of the outstanding stock.    In any other case, an employee owns more than 5% if the  employee owns, directly or indirectly, more than a 5% interest in the capital or  profits.    Indirect ownership will be determined by applying the rules of  Code §318 to stock owned by family members and other persons and by  applying the principles of Code §318 to interests in capital or profits owned by  family members and other persons.   Excess Compensation means compensation for a participant for a plan year that  is in excess of the limit on compensation imposed by Code Section 401(a)(17).   Executive Compensation Committee means the executive compensation  committee of the board of directors of the company.  Fiscal year means the fiscal year of the company, which is the period of 52 or 53  weeks ending on the Saturday nearest the end of May and commencing for the next  year on the following Sunday.  Fund means the MillerKnoll, Inc. Supplemental Executive Retirement Fund,  which is maintained in accordance with the terms of this plan.  DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 

 

   Page 5 of 27   #17046127v2 2022 Restatement  Highly compensated employee means, for any plan year, any employee or former  employee who is either of the following:    an employee who—   (A) is a five-percent owner for the current plan year,   (B) was a five-percent owner for the look-back year, or   (C) received section 415 compensation in excess of $80,000 as  adjusted under Code §415(d) with the base period being the calendar  quarter ending September 30, 1996; or    a former employee who was a highly compensated employee  when the severance from employment occurred or at any time after age 55.   IRA means an individual retirement account or annuity that meets the  requirements of the Code. The IRA may be a traditional IRA under Code §408 or a Roth  IRA under Code §408A.   Key employee means any employee or former employee, including the  beneficiary of any deceased employee or former employee, who during the plan year  was a five-percent owner; a one-percent owner whose section 415 compensation for  the year was more than $150,000; or an officer whose section 415 compensation for the  year was more than $130,000 as adjusted pursuant to Code §416(i).  One-percent owner means an employee who owns, directly or indirectly, more  than 1% of any member of the employer group. For this purpose, ownership will be  determined the same way as for five-percent owners.   Participant means an employee who is participating in the plan in accordance  with Article 3 or a former employee who has an account balance in the plan.   Participating employer means any wholly-owned subsidiary of the company.  Plan means the MillerKnoll, Inc. Executive Equalization Retirement Plan as  amended and in effect from time to time.   Plan administrator means the company unless the company appoints another  plan administrator. The company may appoint a committee or any other person to be  the plan administrator. The company may appoint or remove a plan administrator at  any time and for any reason.   DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 

 

   Page 6 of 27   #17046127v2 2022 Restatement  Plan year means the 12-month period ending on the last day of December. The  plan administrator may designate a shorter period in connection with a change in the  plan year if the change satisfies the requirements of IRS Revenue Procedure 87-27.   Qualified domestic relations order means a court order that satisfies the  requirements of ERISA §206(d)(3) and Code §414(p).   Qualified military service means service in the armed forces or other uniformed  services, as defined in Chapter 43 of Title 38 of the United States Code, but only if the  employee has a right to reemployment with the employer under Chapter 43 with  respect to the service.   Qualified plan means a pension, profit-sharing, or stock bonus plan that satisfies  the requirements of Code §401(a).   Reemployed veteran means an employee who returns to employment with the  employer after a leave of absence for qualified military service and within the period  provided by law for the protection of reemployment rights.   Regulation (or Reg) means a temporary or final income or excise tax regulation  issued by the Secretary of Treasury under the Code or an interim or final regulation  issued by the Secretary of Labor under ERISA.   Section 415 compensation means compensation determined under  Code §415(c)(3) and Reg §1.415(c)-2(d)(3)for certain tax-qualification requirements,  including amounts described in Reg §1.415(c)-2(e)(3)(ii) and paid within 21⁄2 months after  severance from employment or, if later, before the end of the year in which severance  from employment occurred, and also including differential wage payments under  Code §414(u)(12), if any. The timing rules in Reg §1.415(c)-2(e) will apply in determining  the amount of section 415 compensation under this paragraph.  Severance from employment means a termination of employment with all  members of the employer group. A severance from employment may occur with respect  to an employee if the employer leaves the employer group unless the employer  maintains the plan with respect to the employee by continuing or assuming sponsorship  of the plan or by accepting a transfer of plan assets and liabilities (within the meaning of  Code §414(l)) with respect to the employee.   Spouse means the person, if any, who is legally married to the participant at the  time in question, including a former spouse to the extent provided in a qualified  DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 

 

   Page 7 of 27   #17046127v2 2022 Restatement  domestic relations order. The legality of a marriage for purposes of the plan will be  determined by the law of the jurisdiction where the marriage ceremony took place.   Trust means the fund, if any, established pursuant to Section 7.1(b) and  maintained pursuant to the trust agreement.   Trust agreement means the agreement between the company and the trustee  for administration of the trust, including management and control of plan assets, as  amended and in effect from time to time. The provisions of the plan override any  conflicting provision contained in the trust agreement or any custodial account  documents used with the plan.   Trustee means the person or persons appointed by the company to administer  the trust. The company may appoint one or more individuals, or a corporation with trust  powers under applicable state law, to be the trustee.   Section 2.3 Interpretation and Construction   (a) Plural nouns and pronouns are used throughout this document for  purposes of simplicity and include the singular.   (b) May is permissive, will is directive, may not and will not are restrictive,  and include and including are not exclusive unless accompanied by only or similar  limitation.   (c) Unless otherwise specified, references to articles, sections, subsections,  paragraphs, subparagraphs, exhibits, and schedules are references to this document.   (d) Unless otherwise specified, references to federal laws, such as ERISA,  mean the laws as amended and in effect from time to time, and the corresponding  provisions of successor laws. The year (if any) included in the title of the law is not  intended to specify otherwise.   (e) Captions are included merely for reference and are not intended to limit  or extend the meaning of the related provisions.   DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 

 

   Page 8 of 27   #17046127v2 2022 Restatement  Article 3 Participation   Section 3.1 Participation   Participation in the plan will be limited to a select group of management or  highly compensated employees who are designated by the executive compensation  committee.  Section 3.2 Entry Date  Employees will become participants in the plan on the first day of the next plan  year after being designated by the executive compensation committee.  Article 4 Contributions   Section 4.1 Retirement Savings Contributions  (a) A participant may enter into a written retirement savings agreement with  the employer. The retirement savings agreement will provide that the participant will  accept a reduction in salary and/or bonuses from the employer and the employer will  make a retirement savings contribution for the plan year in the amount of the agreed  reduction.   If the retirement savings agreement is filed with the Company  within 30 days after the participant begins participation in the plan, the  retirement savings agreement will apply to payroll periods beginning after it is  accepted by the company. If the retirement savings agreement is not filed with  the company within 30 days after the participant begins participation in the plan,  then it will apply to compensation earned in the plan year after the plan year in  which the agreement is filed with the company.   A retirement savings agreement may be amended by a participant  up to once per year. Any amendment will be effective on the first day of the next  plan year beginning after the year in which the amendment has been filed with  the company.   The maximum amount that a participant may contribute pursuant  to a retirement savings agreement will be 50% of the participant’s salary for the  year and 100% of the participant’s bonus for the year.  DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 

 

   Page 9 of 27   #17046127v2 2022 Restatement  (b) After the end of each payroll period, each employer will contribute to the  fund as retirement savings contributions the amount by which each participant’s  compensation from the employer for the period has been reduced pursuant to  retirement savings agreements.  Section 4.2 Matching Contributions  (a) After the end of each plan year, each employer will contribute to the  fund as matching contributions for year an amount for each participant who is  employed by the employer on the last day of the plan year.   If the employer has not adopted the company’s qualified plan, the  matching contributions will be equal to 50% of the participant’s retirement  savings contributions to this plan until the matching contributions bring the total  employer contributions for the participant to this plan and the company’s  qualified plan up to the “target maximum percentage” of the participant’s  compensation for the plan year. The target maximum percentage is the  maximum percentage of compensation that the employer contributed for the  fiscal year ending during the plan year to the company’s qualified plan for  participants who are not highly compensated employees.   If the employer has adopted the company’s qualified plan, the  matching contributions will be the amount determined by applying the matching  contribution formula established by the employer for the plan year, with the  approval of the executive compensation committee, to the amount of the  participant’s retirement savings contributions to this plan for the year.   Section 4.3 Profit Sharing Contributions  (a) Core Profit Sharing. After the end of each plan year, each employer who  has adopted the company’s qualified plan will contribute to the fund as a core profit  sharing contribution for the plan year an amount equal to 4% (or, if less, the core  contribution percentage under the company’s qualified plan for the plan year) of the  excess compensation of each participant who is employed by the employer on the last  day of the plan year.   (b) Additional Profit Sharing. After the end of each plan year, each employer  will contribute to the fund as an additional profit sharing contribution for the plan year  the amount determined by the employer with the approval of the executive  compensation committee.   DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 

 

   Page 10 of 27   #17046127v2 2022 Restatement  Section 4.4 Contributions for Reemployed Veterans  (a) Reemployed veterans will be eligible for profit sharing contributions for  the period of their military service. The amount of the contributions will be based on the  compensation the reemployed veterans would have received if they had remained in  the employ of the employer and, if this cannot be determined with reasonable certainty,  then on the basis of the average amount earned each month during the 12-month  period immediately preceding the period of military service.  (b) Reemployed veterans may also make retirement savings contributions for  the period of their military service and will be eligible for matching contributions  determined by applying the matching formula for the plan year in question to the  participant’s make-up retirement savings contributions for the period.  (c) The employer’s make-up profit sharing contributions will be made as of  the end of the plan year in which the reemployed veteran returns to employment with  the employer after the period of military service. Reemployed veterans may make their  make-up retirement savings contributions during the period that begins on their  reemployment date and ends five years thereafter. The employer will make make-up  matching contributions as of the end of each plan year in which the reemployed veteran  has made make-up retirement savings contributions.   Article 5 Participant Accounts   Section 5.1 Individual Accounts   The plan administrator will establish and maintain an account for each  participant, including a sub-account for each different type of contribution and for such  other purposes as the plan administrator deems necessary or appropriate. The accounts  will be for accounting purposes, and will not require any segregation of assets for  investment or other purposes. Benefit payments will be charged to the account as of the  date of payment.   Section 5.2 Allocations   (a) Contributions, forfeitures, investment income, and administration  expenses will be allocated to accounts as provided in this section.   (b) After the end of each payroll period, retirement savings contributions will  be credited to the accounts of participants in amounts equal to the amounts by which  DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 

 

   Page 11 of 27   #17046127v2 2022 Restatement  their salaries and bonuses were reduced during the period pursuant to retirement  savings agreements.  (c) Investment income of an account will be allocated as of the last day of  the accounting period. Investment income shall include the net income or loss from  investments, including realized and unrealized gains and losses on securities and other  investment transactions, less expenses paid from the fund. All assets of the fund will be  valued at their fair market value in determining unrealized gains and losses. If any assets  of the fund are segregated for any purpose, the income from the segregated assets will  not be included in account adjustments under this subsection (b). The income of the  fund will be determined and allocated to accounts in accordance with the rules  established by the company.   (d) After the end of each plan year, matching contributions will be credited  to the accounts of participants who made the corresponding retirement savings  contributions and are employed by the company on the last day of the plan year.  (e) After the end of each plan year, each employer’s core profit sharing  contribution for the plan year will be credited to the accounts of participants who are  employed by the employer on the last day of the plan year in an amount equal to 4%  (or, if less, the core contribution percentage under the company’s Profit Sharing and  401(k) Plan for the plan year) of the participant’s excess compensation for the plan year.  (f) After the end of each plan year, each employer’s additional profit sharing  contribution for the year will be credited to the accounts of participants who are  employed by the employer on the last day of the fiscal year ending during the plan year.    If the employer has adopted the company’s qualified plan, the  additional profit sharing contribution will be allocated in accordance with the  ratio of each participant’s excess compensation for the plan year to the total  excess compensation of all participants for the year. For purposes of this  allocation, the term “compensation” will mean compensation as defined in  Section 2.2, but reduced by the amount of any EVA bonuses, executive incentive  pay, worker’s compensation benefits, short-term disability benefits, or  automobile accident disability benefits paid to the participant.   If the employer has not adopted the company’s qualified plan, the  additional profit sharing contribution will be allocated as determined by the  employer with the approval of the executive compensation committee.  DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 

 

   Page 12 of 27   #17046127v2 2022 Restatement  (g) Administration expenses for an accounting period will be allocated as of  the last day of the accounting period. All administration expenses incurred by an  employer, the plan administrator, or the trustee may be paid or reimbursed from plan  assets. If the employer pays an administration expense, the employer may, upon written  request to the plan administrator with the approval or consent of the company, be  reimbursed from plan assets even though an agreement between the employer and  another person relating to the payment of expenses provides that the employer is  responsible for the expense. Expenses paid or reimbursed from plan assets will be  allocated to participant accounts by any method established by the plan administrator.  An employer may pay or reimburse the plan for any expense. A participant may pay or  reimburse the plan for any expense charged to the participant’s account.   Article 6 Benefits   Section 6.1 Election of Participant  (a) Participants may specify the date on which payments will begin to be  made from the plan and the form of the payments (single lump sum payment or  installments in specified amounts) by filing an election concerning the payment  schedule with the company prior to the year in which the income is deferred pursuant  to this plan. If a payment election is filed, payment of the amounts subject to the  election will be made in accordance with the election.   (b) If a participant has filed an election concerning payment, the participant  may change the election and defer the starting date of the payments to a date that is  not less than five years after the date on which the first payment would otherwise have  been made under the election, but the change in election may not take effect until at  least 12 months after the date on which the election is filed with the company and may  not be made less than 12 months prior to the date of the first payment that would have  been made under the prior election.   Section 6.2 Payment of Amounts That Are Not Covered by a Participant’s Election   (a) If a participant fails to file an election with respect to payments or the  participant’s elections do not cover all amounts in the participant’s accounts, the  balance in the accounts will be paid after the participant’s employment terminates and  until the death of the participant in accordance with the following:  DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 

 

   Page 13 of 27   #17046127v2 2022 Restatement   Benefit payments to participants other than key employees will  begin as soon as administratively feasible after the end of the calendar year in  which the participant’s employment terminates, but not later than March 30 of  the following year.   Benefit payments to participants who are key employees will  begin as soon as administratively feasible after the end of the year in which the  participant’s employment terminates or six (6) months after the participant’s  employment terminates, whichever is later.   (b) Payments will be made in annual installments over a period of not more  than five years. Each installment will be equal to the greater of the following:   $100,000 or the balance in the participant’s accounts, whichever  amount is smaller; or   One-fifth of the amount in the participant’s accounts in the first  installment, one-fourth of the amount in the participant’s accounts in the second  installment, one-third of the amount in the participant’s accounts in the third  installment, one-half of the amount in the participant’s accounts in the fourth  installment, and the remaining balance in the accounts in the fifth installment.   (c) The first installment will be paid in accordance with subsection (a) and  each subsequent installment will be paid on January 15 of the following year.   Section 6.3 Payments Upon Death  (a) Upon the death of a participant, the participant’s beneficiary will be  entitled to receive the participant’s account balance as follows:   Amounts that are subject to an election filed by the participant in  accordance with Section 6.1 will be made in accordance with the election; and   Amounts that are not subject to an election filed by the  participant will be paid in a single lump sum payment as soon as administratively  feasible after the date of the participant’s death.   Section 6.4 Designation of Beneficiary   (a) A participant may designate one or more beneficiaries; provided,  however, that if the participant has been married for one year or longer at the time of  the participant’s death, the participant’s spouse will be the beneficiary unless the  participant has designated another beneficiary with the consent of the spouse. If the  DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 

 

   Page 14 of 27   #17046127v2 2022 Restatement  consent of the spouse is required, the consent must be in writing, must acknowledge  that the spouse understands the effect of giving the consent, and must be witnessed by  a plan representative or notary public.   (b) A beneficiary designation must be on a form provided or approved by the  plan administrator. A valid beneficiary designation will be effective when received by  the plan administrator, and when received will automatically cancel all prior beneficiary  designations, but only if the beneficiary designation is received during the participant’s  lifetime.    If the participant has designated the participant’s spouse as a  beneficiary, and the marriage terminates by divorce or annulment, the  termination of the marriage will automatically cancel the designation of the  spouse as a beneficiary unless otherwise provided in a qualified domestic  relations order.    If the participant fails to designate a beneficiary, or if all  beneficiaries die before the participant, the beneficiary will be the participant’s  surviving spouse, if any, and otherwise the participant’s estate.   Section 6.5 Hardship Withdrawals  (a) The committee may permit a participant to make a withdrawal if the  withdrawal is necessary to enable the participant to address an unforeseeable  emergency. An “unforeseeable emergency” is a severe financial hardship to the  participant resulting from an illness or accident of the participant, the participant’s  spouse, the participant’s beneficiary, or the participant’s dependent; loss of the  participant’s property due to casualty (including the need to rebuild a home following  damage to a home not otherwise covered by insurance, for example, not as a result of a  natural disaster); or other similar extraordinary and unforeseeable circumstances arising  as a result of events beyond the control of the participant.  (b) Hardship withdrawals are not permitted unless the withdrawal is  necessary to satisfy the financial need created by the unforeseeable emergency. This  determination will generally be made on the basis of all relevant facts and  circumstances. A hardship withdrawal is not necessary to satisfy a financial need if it  exceeds the amount of financial need remaining after other resources (including not  only the participant’s assets, but also the assets of the participant’s spouse and minor  children) reasonably available to the participant have been exhausted. A hardship  withdrawal will generally be considered necessary to satisfy a financial need if the  DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 

 

   Page 15 of 27   #17046127v2 2022 Restatement  participant provides a written representation that the need cannot reasonably be  relieved by other means, unless the employer has actual knowledge to the contrary.   (c) If a participant is permitted to make a hardship withdrawal from the  trust, any retirement savings agreement outstanding between the participant and the  employer will be revoked at the time of the hardship withdrawal and may not be  reinstated until the beginning of the next year.   Section 6.6 Payments Upon Change in Control  Upon a “change in control” of the company, the balance in the participant’s  accounts will be paid to the participant in a single lump sum payment within 45 days  after the change in control, regardless of whether the participant’s employment  terminates as a result of the change in control. For purposes of this Plan, the term  “change in control” will mean a “change in ownership,” a “change in effective control,”  or “change in ownership of the company’s assets” as defined below. As used in the  following definitions, “corporation” means the company or the participant’s employer.  (a) A “change in ownership” occurs on the date that any one person, or more  than one person acting as a group (as such term is described in subsection (d), acquires  ownership of stock of the corporation that, together with stock held by such person or  group, constitutes more than 50 percent of the total fair market value or total voting  power of the stock of the corporation, subject to the following:   If any one person, or more than one person acting as a group is  considered to own more than 50 percent of the total fair market value or total  voting power of the stock of the corporation, the acquisition of additional stock  in the corporation by the same person or persons is not considered to cause a  change in ownership (or to cause a change in effective control under subsection  (b); and   An increase in the percentage of stock owned by any one person,  or persons acting as a group as a result of a transaction in which the corporation  acquired stock in exchange for property will be treated as an acquisition of stock  for purposes of this subsection (a).  This subsection (a) shall apply only when there is a transfer of stock of the corporation  (or issuance of stock of the corporation), and stock in the corporation remains  outstanding after the transaction.  DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 

 

   Page 16 of 27   #17046127v2 2022 Restatement  (b) A “change in effective control” of the corporation occurs on the date that  either:   Any one person, or more than one person acting as a group  acquires (or has acquired during the 12-month period ending on the date of the  most recent acquisition by such person or persons) ownership of stock of the  corporation possessing 35 percent or more of the total voting power of the stock  of the corporation, or   A majority of the members of the board of directors of the  corporation is replaced during any 12-month period by directors whose  appointment or election is not endorsed by a majority of the members of the  board prior to the date of the appointment or election.  (c) A “change in the ownership of the corporation’s assets” occurs on the  date that any one person, or more than one person acting as a group acquires (or has  acquired during the 12-month period ending on the date of the most recent acquisition  by such person or persons) assets from the corporation that have a total “gross fair  market value” equal to or more than 40 percent of the total gross fair market value of  all of the assets of the corporation immediately prior to such acquisition or acquisitions.   “Gross fair market value” means the value of the assets of the  corporation, or the value of assets being disposed of, determined without regard  to any liabilities associated with such assets.   There is no change in the ownership of the corporation’s assets  when there is a transfer to an entity that is controlled by the shareholders of the  corporation immediately after the transfer. A transfer of assets by the  corporation is not treated as a change in the ownership of the corporation’s  assets if the assets are transferred to:  (A) a shareholder of the corporation (immediately before the  asset transfer) in exchange for or with respect to its stock;  (B) an entity, 50 percent or more of the total value or voting  power of which is owned, directly or indirectly, by the corporation;  (C) a person, or more than one person acting as a group that  owns, directly or indirectly, at least 50 percent of the total fair market  value or voting power of all the outstanding stock of the corporation; or  DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 

 

   Page 17 of 27   #17046127v2 2022 Restatement  (D) an entity, 50 percent or more of the total value or voting  power of which is owned, directly or indirectly, by a person described in  subparagraph (C).  Except as otherwise provided, for purposes of this Paragraph (2), a person’s  status is determined immediately after the transfer of assets.  (d) For purposes of subsections (a), (b), and (c), persons will not be  considered to be acting as a group solely because they purchase or own stock or  purchase assets of the same corporation at the same time, or as a result of the same  public offering. However, persons will be considered to be acting as a group if they are  owners of a corporation that enters into a merger, consolidation, purchase, acquisition  of stock, or similar business transaction with the corporation. If a person, including an  entity, owns stock in both corporations that enter into a merger, consolidation,  purchase, acquisition of stock, or similar transaction, the person will be considered to be  acting as a group with other shareholders in a corporation only with respect to the  ownership in that corporation prior to the transaction giving rise to the change and not  with respect to the ownership interest in the other corporation.  Article 7 Funding  Section 7.1 Fund  (a) The Company will establish a fund for the amounts to be credited to  participant accounts. The company will be the owner of the fund and may invest the  assets of the fund with the other assets of the company, or may invest the assets in a  separate account or accounts as determined by the company.  (b) The company may establish a trust for the fund and transfer the assets of  the fund to the trust, but the assets of the trust will remain subject to the claims of the  creditors of the company.   (c) The Company will be responsible for payment of any taxes assessed on or  with respect to the assets or income of the fund.  Section 7.2 Investment of Individual Accounts   (a) If the company establishes individual investment accounts for the fund,  then each participant may direct the investment of the participant’s accounts among  the separate investment funds selected by the company. If an account is split between  DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 

 

   Page 18 of 27   #17046127v2 2022 Restatement  two or more of the investment funds, the participant must specify the percentage of the  account to be invested in each fund in accordance with the rules established by the  company.  (b) Each participant may establish or revise investment directions as often as  permitted by the company and pursuant to the procedures established by the company.  If the company permits participants to invest their accounts in the common stock of  MillerKnoll, Inc., participants who are subject to the reporting requirements of section  16 of the Securities Exchange Act of 1934 will be restricted with respect to investments  in MillerKnoll stock in accordance with the company’s rules concerning purchases and  sales of company stock by employees subject to the reporting requirements.  Article 8 Administration   Section 8.1 Plan Administrator   (a) The company is the plan administrator unless the company appoints  another plan administrator. The company may appoint and remove a plan administrator  at any time.   (b) The plan administrator is responsible for administering the plan. The plan  administrator has all of the discretionary authority necessary or appropriate to  administer the plan, including the discretionary authority to —    interpret and construe the terms of the plan;    establish policies, procedures, and forms for administering the  plan;    determine participation and vesting;    allocate contributions, forfeitures, and investment income to  participant accounts;    determine claims for benefits;    direct the trustee on matters relating to payment of benefits and  expenses;    correct errors in the administration of the plan, including  adjustment of previous allocations to participant accounts, and, with the  DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 

 

   Page 19 of 27   #17046127v2 2022 Restatement  company, request approval from the Internal Revenue Service for correction of  administrative and other operational errors;    engage attorneys, actuaries, accountants, and other professional  advisors for advice and other professional services; and    delegate administrative duties to other persons.   (c) In taking any action under the plan, the plan administrator may rely on  information provided by a participant, beneficiary, or alternate payee, or the company,  and may rely on advice from professional advisors, including advisors engaged by the  company, in their areas of professional expertise and experience.   Section 8.2 Allocation of Responsibilities   (a) The plan administrator is the named fiduciary for the operation and  administration of the plan.   (b) The trustee is the named fiduciary for the management and control of  plan assets in the trust fund, as further provided in the trust agreement.   (c) The company is responsible for appointing and removing the trustee, the  investment manager, and members of the committee.  (d) Each party will be responsible for the proper exercise of its own powers,  duties, and responsibilities and will not be responsible for any act or omission of any  other party.   (e) Each party may rely upon any direction, information, or action of another  party as being proper under the plan and trust agreement and will not be required to  inquire into the propriety of any such direction, information, or action.   Section 8.3 Committee   (a) The company may appoint a committee to be the plan administrator or  to assist the company or plan administrator with any other matter relating to the plan.   (b) The company will determine the membership of the committee, including  the number of members. The company may appoint and remove members of the  committee at any time. Committee members who are full-time employees will not  receive compensation from the plan, other than reimbursement of reasonable  expenses, for serving on the committee. Other committee members may receive  reasonable compensation from the plan, in addition to reimbursement of reasonable  DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 

 

   Page 20 of 27   #17046127v2 2022 Restatement  expenses, for serving on the committee. The plan shall pay or reimburse the committee  members for reasonable expenses of serving on the committee, and for reasonable  expenses incurred by the committee, unless the expenses are paid or reimbursed by the  company.   (c) A committee may adopt such policies and procedures as it deems  necessary, desirable, or appropriate. Each committee shall elect a member of the  committee to serve as the chairman, and the chairman shall appoint a member or other  person to serve as the secretary. The committee may act only by affirmative vote of a  majority of all members at a meeting or by written consent of all members without a  meeting. The secretary shall keep a record of all actions.   (d) In taking any action under the plan, the committee may rely on  information provided by a participant, beneficiary, or alternate payee, or by the  company, and may rely on advice from professional advisors, including advisors engaged  by the company, in their areas of professional expertise and experience.   Section 8.4 Domestic Relations Orders   (a) Whenever the plan administrator is served with a domestic relations  order from a court of competent jurisdiction, the plan administrator will determine  whether the order is qualified.    The plan administrator will notify the participant and each  alternate payee named in the order that the order was served on the plan  administrator and that objections concerning the order must be submitted in  writing within 15 days.    The plan administrator will determine whether the order is  qualified and notify the participant and each alternate payee of its  determination. If the plan administrator determines that the order is qualified,  the plan administrator will direct the trustee to make payment in accordance  with the order.    During the period in which the plan administrator is determining  the status of the order, payment of any benefits in dispute will be deferred and  the amount of the disputed payments will be segregated in a separate account in  the plan. If the plan administrator determines that the order is qualified within  18 months after segregation of the benefits in dispute, the plan administrator  DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 

 

   Page 21 of 27   #17046127v2 2022 Restatement  will direct the trustee to pay the segregated amount, plus income, to the persons  entitled to receive them in accordance with the order.    If the plan administrator determines that the order is not  qualified, or if the 18-month period described in paragraph (3) of this subsection  has expired and the qualification issue has not been resolved, the plan  administrator will restore the segregated amounts to the participant’s account.    If the plan administrator determines that the order is qualified  after expiration of the 18-month period, the order will be applied prospectively  only.    The plan administrator will notify the participant and each  alternate payee named in the order of its decision concerning the qualified  status of the order.   (b) The plan administrator will charge a participant’s accounts with the costs  that are reasonably incurred by the plan administrator in administering any domestic  relations orders that are filed with respect to the participant’s accounts. These costs will  include legal fees and other expenses of reviewing and qualifying the orders.   Section 8.5 Facility of Payment   (a) The plan administrator will make a reasonable effort to locate a person  who is entitled to payment. If after reasonable effort the plan administrator cannot  locate the person, the plan administrator may authorize payment to another person  who is entitled to payment. If after reasonable effort the plan administrator cannot  locate any person who is entitled to payment, the plan administrator may (i) authorize  payment to a custodian of an IRA for the benefit of a person who is entitled to payment,  (ii) authorize payment to a state’s unclaimed property administrator, (iii) authorize  payment to a child support agency, or (iv) deem the payment to be forfeited. If a person  who is entitled to payment later makes a claim for the forfeited payment, the forfeited  payment will be restored in the manner provided for restoration of other forfeitures  unless payment has been made to an IRA custodian, child support agency, or unclaimed  property administrator.   (b) The plan administrator may rely on affidavits or other information that  the plan administrator believes to be reliable even though not otherwise admissible as  evidence in a legal proceeding.   DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 

 

   Page 22 of 27   #17046127v2 2022 Restatement  (c) The plan administrator is not required to commence probate  proceedings, seek the appointment of a legal representative, or make payments to a  legal representative. If a person who is entitled to payment appears to be mentally,  physically, or legally incapable of receiving or acknowledging receipt of payment, the  plan administrator may authorize payment to a person with a valid power of attorney,  to the trustee of a trust, to a custodian under state law regarding transfers to minors, to  a person appointed by a court of competent jurisdiction to serve in a fiduciary capacity,  or to any other person authorized under state law to receive the benefit. If the person is  a minor, the plan administrator may also delay payment until the minor has attained the  age of majority.   (d) If the plan administrator cannot determine, from affidavits or other  information the plan administrator believes to be reliable, whether the participant’s  spouse or other beneficiary survived the participant, the plan administrator may deem  the spouse or other beneficiary not to have survived the participant.   (e) The plan administrator’s actions regarding payment are conclusive and  binding on all persons, and payment will fully discharge the plan, the employer, the plan  administrator, the committee, the trustee, and all other fiduciaries of the plan from  liability with respect to the payment.   Section 8.6 Indemnification   The company shall indemnify the members of the committee and other  employees who are deemed to be fiduciaries under ERISA, and hold them harmless,  against any and all liabilities, including legal fees and expenses, arising out of any act or  omission in good faith pursuant to the provisions of the plan, or arising out of any failure  to discharge any fiduciary obligation imposed by ERISA other than a willful failure to  discharge an obligation of which the person was aware.   Article 9 Claims   Section 9.1 General Requirements   All claims for benefits must be submitted in writing to the plan administrator. All  claims for commencement of benefit payments must be submitted in a manner required  or permitted by the plan administrator. All other claims for benefits must include a  statement of the claim, including the basis for the claim. The claimant must provide all  DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 

 

   Page 23 of 27   #17046127v2 2022 Restatement  other documents and information requested by the plan administrator for making a  determination on the claim.   Section 9.2 Claims Procedure   (a) All claims for benefits will be determined under the following procedure  regardless of whether the claimant is the participant, a beneficiary, or any other person.  Claims will be determined according to the terms of the plan as interpreted and  construed by the plan administrator. The company may appoint a committee to review  any claim. In any case, the committee will have the same discretionary authority as the  plan administrator, including the discretionary authority to interpret and construe the  plan.   (b) The plan administrator will make an initial determination on the claim  within a reasonable period of time, but not later than 90 days after receipt of the claim.  The plan administrator may extend this time for up to 90 days if a determination cannot  be made within the initial 90-day period, due to matters beyond the plan  administrator’s control, and the plan administrator provides the claimant with written  notice of the extension, including the reasons for the extension and the date by which  the plan administrator expects to make a determination. The time for making an initial  determination on the claim will begin when the claim has been properly submitted to  the plan administrator for approval, even if the submission does not include all of the  information necessary to make a determination.   (c) If the initial claim determination is adverse, the plan administrator will  provide the claimant with written notice of the determination. The notice will include all  of the following:    the reasons for the determination;    a reference to the provisions of the plan on which the  determination is based;    a description of additional documents or other information, if any,  that might permit approval of the claim and an explanation of why the additional  documents and other information are necessary; and    a description of the claim review procedure and the time limits  applicable to the review procedure, including a statement of the claimant’s right  to bring a civil action under ERISA §502(a) following an adverse determination on  review.   DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 

 

   Page 24 of 27   #17046127v2 2022 Restatement  (d) If a claimant is not satisfied with the initial claim determination, the  claimant may obtain a full and fair review of the determination by submitting a written  request to the plan administrator within 60 days after receiving the notice of the  determination.    The plan administrator will provide, upon request and free of  charge, reasonable access to and copies of all documents, records, and other  information relevant to the claim. The claimant may submit written comments,  documents, and other information for review. All such information that is timely  submitted will be considered on review, regardless of whether it was submitted  or considered in the initial claim determination.    The plan administrator will make a determination on review  within a reasonable period of time, but not later than 60 days after receipt of the  request. The plan administrator may extend this time for up to 60 days if a  determination cannot be made within the initial 60-day period, due to matters  beyond the plan administrator’s control, and the plan administrator provides the  claimant with written notice of the extension, including the reasons for the  extension and the date by which the plan administrator expects to make a  determination. If a reason for the extension is the claimant’s failure to provide  documents or other information necessary to decide the claim, the time for  making a determination on review will be suspended from the day when notice  of the extension is sent to the claimant until the day when the claimant provides  the documents and other information.   (e) If the determination on review is adverse, the plan administrator will  provide the claimant with written notice of the determination. The notice will include all  of the following:    the reasons for the determination;    a reference to the provisions of the plan on which the  determination is based;    a statement that the claimant is entitled to receive, upon request  and free of charge, reasonable access to, and copies of, all documents, records,  and other information relevant to the claim; and    a statement of the claimant’s right to bring a civil action under  ERISA §502(a).   DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 

 

   Page 25 of 27   #17046127v2 2022 Restatement  (f) The plan administrator will keep records of claim determinations, for  future reference, in order to ensure that the terms of the plan are applied consistently  with respect to similarly-situated claimants.   Section 9.3 Legal Actions   No person may commence any legal action regarding any claim for benefits  before the person has exhausted the claim procedure, including proper submission of  the claim to the plan administrator and proper request for review of any initial adverse  determination, or more than two years after the final determination on review. Judicial  review will be limited to review for abuse of discretion.   Article 10 Amendment and Termination   Section 10.1 Amendment   The company may amend the plan at any time and from time to time, in the  company’s discretion, with or without advance notice to employees, participants,  beneficiaries, or alternate payees, but no amendment will be effective unless set forth  in writing and signed by the chief executive officer, by any officer acting in place of the  chief executive officer pursuant to the bylaws of the company, or by any person  specifically authorized by the board of directors of the company. No amendment may  reduce a participant’s account balance. Amendments may apply prospectively or  retroactively as permitted by law and the effective date of each amendment must be  stated in the document.   Section 10.2 Termination   (a) The company may terminate or partially terminate the plan, or  discontinue contributions to the plan, at any time, in the company’s discretion, with or  without advance notice to employees, participants, beneficiaries, or alternate payees,  but no termination will be effective unless set forth in writing and signed by the  company as provided in Section 10.1 for amendments.   (b) Upon complete discontinuance of contributions to the plan, the company  will maintain the plan until the plan is terminated. Upon termination of the plan, the  account balances of participants will be distributed in lump sum payments. Payments to  participants will not be accelerated upon termination or discontinuance of the plan.  DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 

 

   Page 26 of 27   #17046127v2 2022 Restatement  Article 11 Miscellaneous   Section 11.1 Prohibition on Assignment and Alienation   (a) No benefit, right, or other interest of any participant, beneficiary, or  alternate payee is subject to assignment or alienation in any manner. All benefits, rights,  and other interests of participants, beneficiaries, and alternate payees are protected, to  the maximum extent permitted by law, from the claims of creditors.   (b) This prohibition on assignment and alienation does not apply to any  qualified domestic relations order, any domestic relations order entered before 1985,  any plan loan to a participant or beneficiary, or any arrangement permitted by  Reg §1.401(a)-13(d) or (e).   (c) As used in this section, assignment and alienation include (i) any sale,  transfer, or other disposition, (ii) any anticipation, pledge, security agreement, or other  method of securing payment or performance of an obligation, (iii) any garnishment,  execution, attachment, levy, or other method of satisfying a creditor’s claims, and  (iv) any arrangement described in Reg §1.401(a)-13(c)(1), but do not include (v) any  arrangement described in Reg §1.401(a)-13(c)(2).   Section 11.2 Limitation of Rights   The rights of all participants under the plan are limited to participation according  to the terms of the plan. No participant, beneficiary, or alternate payee has any right to  any benefit under the plan except in accordance with the terms of the plan. The plan  does not create any right to employment, or limit any employer’s right to modify or  terminate the employment of any employee even if this may affect the employee’s  rights or benefits under the plan. The plan does not give any employee, participant,  beneficiary, or alternate payee any interest in the assets, business, or affairs of the  employer or any other member of the employer group, or the right to examine the  books and records of the employer or any other member of the employer group.   Section 11.3 Litigation   (a) In any legal action involving the plan or trust, the company, the plan  administrator, and the trustee will be the only necessary parties on behalf of the plan  and trust. No participant, beneficiary, alternate payee, or other person claiming any  interest in the plan or trust will have any right to notice or service of process in any such  DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 

 

   Page 27 of 27   #17046127v2 2022 Restatement  legal action; and the judgment of the court will be conclusive and binding on all such  persons.   (b) If any participant, beneficiary, or alternate payee commences any  administrative proceeding or legal action involving the plan or trust, and the outcome is  adverse to the participant, beneficiary, or alternate payee, the plan administrator may  reduce the benefits payable to the participant or beneficiary by the legal expenses,  including attorney fees, incurred by the company, plan administrator, or trustee on  behalf of the plan or trust in the matter.   Section 11.4 Severability   (a) The company, plan administrator, trustee, and committee may apply any  permissive provision of any applicable law or regulation unless the provision is contrary  to the terms of the plan or trust agreement. If any provision of the plan or trust  agreement conflicts with any requirement of the Code or any requirement of ERISA, the  requirement of the Code or ERISA will control.   (b) If a court determines that any provision of the plan or trust agreement is  unenforceable, the court may modify the provision, if possible, so as to give effect to the  plan and trust in a way that is consistent with the purpose of the plan and the  requirements of governing law. If such a modification is not possible, the court may  sever the unenforceable provision and enforce the rest of the plan and trust agreement  in a way that is consistent with the purpose of the plan and the requirements of  governing law.   Section 11.5 Governing Law   The plan is governed by the law of the State of Michigan, even if principles of  Michigan law regarding conflict of laws or choice of law would otherwise require or  permit a court to apply the law of another jurisdiction, except to the extent that  Michigan law is preempted by the law of the United States of America (including any  common law developed by federal courts under the applicable laws of the United  States).   DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 

 

  #17046127v2 2022 Restatement  MillerKnoll, Inc.  Executive Equalization Retirement Plan  2022 Restatement   (for years beginning on or after January 1, 2022)   The plan is hereby amended and restated as set forth in the attached plan  document.  Company   MillerKnoll, Inc.       By     Andrea R. Owen, President  Date signed:     DocuSign Envelope ID: 8195E143-0CDF-42A3-95FB-F0A95A218E17 November 19, 2021 | 2:19 PM EST

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00346-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00346-of-00352.parquet"}]]