Document:

EX-10.1

Exhibit 10.1

Description of Fiscal 2009 Annual Incentive Plan

          On May 28, 2008, the Compensation Committee (the “Committee”) of the Board of Directors (the
“Board”) of Black Box Corporation (the “Company”) recommended that the Board approve, and the Board
approved, an annual incentive bonus plan (the “Annual Incentive Plan”) for the fiscal year ending
March 31, 2009. The performance goals for the Annual Incentive Plan are operating earnings per
share, adjusted operating income as a percentage of total revenues, adjusted EBITDA (“Adjusted
EBITDA”) and DSOs (as each of those measurements is determined consistent with the Company’s press
release dated May 22, 2008 filed as an exhibit to the Company’s Current Report on Form 8-K for the
event dated May 22, 2008). The performance goals will be equally weighted. Under the Annual
Incentive Plan, the achievement of the performance goals at approximately 90% of target will result
in a payout of 50% of targeted annual bonus, the achievement of the performance goals at 100% of
target will result in a payout of 100% of targeted annual bonus and the achievement of the
performance goals at approximately 110% of target will result in a payout of 150% of targeted
annual bonus. Following Board review and approval, the Committee made targeted annual bonus awards
under the Annual Incentive Plan to the Company’s executive officers as follows: R. Terry
Blakemore, President and Chief Executive Officer -- 100% of base salary or $550,000; Michael
McAndrew, Vice President, Chief Financial Officer, Treasurer and
Secretary -- 80% of base salary or
$252,000; and Francis W. Wertheimber, Senior Vice President -- 50% of base salary or $132,500.EX-10.2

Exhibit 10.2

FORM OF 2008 LONG-TERM INCENTIVE CASH AWARD AGREEMENT

Black Box Corporation, a Delaware corporation (the “Company”), hereby grants to the Team Member
named below, pursuant to this 2008 Long-Term Incentive Cash Award Agreement (this “Agreement”),
this 2008 Long-Term Incentive Cash Award (the “Award”), the value of which is related to and
contingent upon the achievement of Cumulative Adjusted EBITDA (as defined below) relative to a
predetermined Cumulative Adjusted EBITDA Target (as set forth in the following table).

	1.	 	The Award is subject to all terms and conditions of this Agreement:

	 	 	 	 	 	 
	 	Name of Team Member:
	 	 	 	 
	 	 
	 	 	 	 
	 	Grant Date:

	 	 	May 28, 2008	 
	 	 
	 	 	 	 
	 	Cumulative                   Adjusted                   EBITDA

Target:

	 	 	

$xxx million	 
	 	 
	 	 	 	 
	 	Target Cash Award:

	 	 	$                    	 
	 

	2.	 	Subject to the terms of this Agreement, contingent upon Cumulative Adjusted EBITDA achieving
or exceeding 75% or more of the Cumulative Adjusted EBITDA Target, the value of the Award will
be paid in cash after the Performance Period (as defined below) and on or before June 30,
2010, or if such day is not a business day, on the next succeeding business day (the “Payment
Date”); provided, however, that if the Team Member’s employment is terminated prior to the
Payment Date:

     (i) by reason of the Team Member’s death or Disability (as defined below), and prior to the
forfeiture of such Award, the Team Member shall be entitled to receive only a prorated portion
of the Award, to the extent earned pursuant to Section 3 hereof, based on the ratio of the
number of complete months the Team Member is employed during the Performance Period to the total
number of months in the Performance Period;

     (ii) by reason of the Team Member’s involuntary termination after the end of the
Performance Period and prior to the Payment Date, the Team Member shall be entitled to receive
the Award to the extent earned pursuant to Section 3 hereof; and

     (iii) for any reason other than death or Disability or involuntary termination after the
end of the Performance Period and prior to the Payment Date, this Award shall be automatically
cancelled and forfeited in its entirety without any further obligation on the part of the
Company.

 

 

          For purposes of this Agreement, “Disability” has the meaning set forth in Section 22(e)(3) of
the Internal Revenue Code of 1986, as amended (the “Code”).

	3.	 	This Award represents a right to receive a percentage of the Target Cash Award (the amount of
which is set forth in the table above) contingent upon Cumulative Adjusted EBITDA achieving
the Cumulative Adjusted EBITDA Target, or a percentage thereof, as set forth in the chart
below, if and only if: (i) the Cumulative Adjusted EBITDA is 75% or more of the Cumulative
Adjusted EBITDA Target; and (ii) the Award has not been forfeited or otherwise cancelled prior
to the Payment Date.

	 
	 	 	The value of each Award will depend upon the level of Cumulative Adjusted EBITDA as compared to
the Cumulative Adjusted EBITDA Target as follows:

	 	 	 	 	 	 
	 	CUMULATIVE ADJUSTED EBITDA

	 	 	AWARD VALUE
	 

	 	Below 75% of Cumulative Adjusted EBITDA 

Target =

 
	 	 	
$0.00

 
	 
	 	

Equal to 75% of Cumulative Adjusted EBITDA 
Target =
	 	 	$                    

(50% of Target Cash

Award)	 
	 	

Equal to 100% of Cumulative Adjusted EBITDA 

Target =
	 	 	$                    

(100% of Target Cash

Award)	 
	 	

Equal to or greater than 120% of Cumulative 

Adjusted EBITDA Target =
 
	 	 	$                    

(150% of Target Cash

Award)
 	 
	 

	 	 	For Cumulative Adjusted EBITDA levels achieved greater than 75% and less than 100% of
Cumulative Adjusted EBITDA Target, and greater than 100% and less than 120% of Cumulative
Adjusted EBITDA target, the Award value will be determined based on straight-line
interpolation.
	 
	 	 	For purposes of this Agreement, “Cumulative Adjusted EBITDA” means income before provision for
income taxes plus interest, depreciation, amortization and stock compensation expense of the
Company during the Performance Period. The “Performance Period” is the period beginning on
April 1, 2008 and ending on March 31, 2010.
	 
	4.	 	In the event that a Change-in-Control (as defined below) occurs prior to the end of the
Performance Period, if the Award described herein has not already been previously forfeited or
cancelled, such Award shall become immediately payable at the Target Cash Award amount (and
the Performance Period shall thereafter be deemed to have 

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	 	 	terminated). Payment of any amount
payable pursuant to the preceding sentence will be made contemporaneous with the completion of
the Change-in-Control. For purposes of this Agreement, “Change-in-Control” occurs if: (i) any
“Person” (as such term is used in Sections 13(d) and 14(d)(2) of the Securities Exchange Act
of 1934, as amended (the “Exchange Act”)) is or becomes the “beneficial owner” (as defined in
Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company
representing (a) 50% or more of the combined voting power of the Company’s then-outstanding
securities or (b) 25% or more but less than 50% of the combined voting power of the Company’s
then-outstanding securities if such transaction(s) giving rise to such beneficial ownership
are not approved by the Board of Directors of the Company (the “Board”), (ii) at any time a
majority of the members of the Board consists of individuals other than individuals who were
nominated by members of the Board or (iii) the Board shall approve a sale of all or
substantially all of the assets of the Company or any merger, consolidation, issuance of
securities or
purchase of assets, the result of which would be the occurrence of any event described in
clause (i) or (ii) above.

	5.	 	Notices hereunder, if to the Company, shall be delivered to the Company’s General Counsel or
mailed to the Company’s principal office, 1000 Park Drive, Lawrence, PA 15055 (or as
subsequently designated by the Company), attention General Counsel, or, if to the Team Member,
shall be delivered to the Team Member or mailed to his or her address as the same appears on
the records of the Company.

	 
	6.	 	All decisions and interpretations relating to this Award (including the certification of the
satisfaction of the performance goals and other material terms) or with regard to any question
arising under this Agreement shall be made by the Compensation Committee of the Board (the
“Committee”). All such decisions and interpretations shall be binding and conclusive on all
persons. If any earned amount is not paid by the Payment Date due to administrative
impracticability, such earned amount will be paid, without interest, as soon as
administratively practicable thereafter.
	 
	7.	 	The Company shall have a right to withhold from any payment of cash to Team Member or other
person under the Award an amount sufficient to cover any required withholding taxes, including
Team Member’s social security and Medicare taxes (FICA), federal, state and local income tax
or any other applicable taxes (“Taxes”), with respect to income arising from a cash payment
under the Award. Team Member agrees that the Company may either withhold an appropriate
amount of Taxes from any compensation or any other payment of any kind then payable or that
may become payable to Team Member, or require Team Member to make a cash payment to the
Company equal to the amount of Taxes required in the opinion of the Company.

	 
	8.	 	This Agreement shall not be deemed to give Team Member any right to continue to be employed
by the Company, nor shall this Agreement be deemed to limit in any way the Company’s right to
terminate the employment of the Team Member at any time.

3

 

	9.	 	As a condition to the receipt by Team Member of any payment pursuant to this Agreement, Team
Member agrees to provide assistance reasonably requested by the Company in connection with
actions taken by or under the supervision of Team Member while employed by, or providing
services to, the Company, including, but not limited to, assistance in connection with any
lawsuits or other claims against the Company or in connection with any investigations arising
from events during the period in which Team Member was employed or providing service.
	 
	10.	 	Neither the Award nor any right under the Award shall be assignable, alienable, saleable or
transferable by Team Member otherwise than by will or by the laws of descent and distribution.
Any cash payment with respect to the Award after the death of the Team Member shall be paid
to Team Member’s estate. This Agreement shall be binding upon and inure to the benefit of the
Company and Team Member and their respective heirs, representatives, successors and permitted
assigns. This Agreement shall not confer any rights or remedies upon any person other than
the Company and the Team Member and their respective heirs, representatives, successors and
permitted assigns.
	 
	11.	 	The Company may amend, alter, suspend, discontinue or terminate this Agreement or the Award
or any portion thereof at any time; provided, however, that, except as otherwise provided in
this Agreement, no such amendment, alteration, suspension, discontinuation or termination
shall be made without the consent of the Team Member if such action would, in any material
manner, adversely affect the rights of the Team Member under this Agreement.
	 
	12.	 	This Award is intended to be excepted from coverage under Section 409A of the Code (“Section
409A”) and shall be administered, interpreted and construed accordingly. Notwithstanding any
provision to the contrary herein, the Company may, in its sole discretion and without the Team
Member’s consent, modify or amend the terms and conditions of this Award, impose conditions on
the timing and effectiveness of the payment of the Award or take any other action it deems
necessary or
advisable to cause this Award to be excepted from Section 409A (or to comply therewith to the
extent the Company determines it is not excepted). Notwithstanding the foregoing, the Team
Member recognizes and acknowledges that Section 409A may impose upon the Team Member certain
taxes or interest charges for which the Team Member is and shall remain solely responsible.
	 
	13.	 	This Award shall be unfunded and the Company shall not be required to segregate any assets
that may at any time be represented by the Award under this Plan. To the extent Team Member
acquires a right to receive a cash payment under the Award, such right shall be no greater
than the right of an unsecured general creditor of the Company.

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	14.	 	This Agreement will be governed by the laws of the Commonwealth of Pennsylvania without
giving effect to its choice of law provisions.
	 
	15.	 	This Agreement may be executed in one or more counterparts, each of which shall be deemed an
original but all of which together shall constitute one and the same instrument.

	 	 	 	 	 	 	 
	 	 	BLACK BOX CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

	 	 
	 
	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 	 	TEAM MEMBER	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	

	 	 
	 
	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 

	 	 

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ADDENDUM TO

FORM OF 2008 LONG-TERM INCENTIVE CASH AWARD AGREEMENT

Executive Officer Information

     As previously disclosed, on May 28, 2008, the Executive Officers of the Company received the
following 2008 Long-Term Incentive Cash awards under this form of agreement: R. Terry Blakemore --
Target Cash Award of $1,200,000; Michael McAndrew -- Target Cash Award of $300,000; and Francis W.
Wertheimber -- Target Cash Award of $150,000.

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