Document:

EX-10.1

 Exhibit 10.1 

EXHIBIT A 

ASTRONOVA, INC. 

AMENDED AND RESTATED 

NON-EMPLOYEE DIRECTOR ANNUAL COMPENSATION PROGRAM 

This Amended and Restated Non-Employee Director Annual Compensation Program (the “Program”), effective as of August 1, 2016
(the “Effective Date”), sets forth the annual compensation payable to members of the Board of Directors (the “Board) of AstroNova, Inc. (the “Company”) who are not also officers or other employees of the
Company (each a “Non-Employee Director” and collectively, the “Non-Employee Directors”) for their Service as members of the Board. Each Non-Employee Director who is eligible to receive an Award of Restricted
Stock under this Program is hereinafter referred to as a “Participant.” Capitalized terms used, but not otherwise defined, in this Program shall have the meanings set forth in the Company’s 2015 Equity Incentive Plan (the
“Plan”). 
 1.    Eligibility and Participation. 

(a)    A Non-Employee Director of the Company shall automatically become a Participant in the Program as of the later of
(i) the Effective Date, or (ii) the date of such person’s initial election to the Board. A Director who is an officer or other employee of the Company is not eligible to participate in the Program. 

(b)    A Participant shall cease participation in the Program as of the date the Participant (i) fails to be re-elected
to the Board, (ii) resigns or otherwise ceases to be a member of the Board, or (iii) becomes an officer or other employee of the Company. 

2.    Restricted Stock Awards. 

(a)    Each Non-Employee Director of the Company shall be automatically granted the following Awards of Restricted
Stock: Commencing with the third fiscal quarter of fiscal year 2017, on the first business day of each fiscal quarter of each fiscal year, each Non-Employee Director on such day shall receive a number of whole shares of Restricted Stock equal
to twenty-five percent (25%) of the number calculated by dividing the Director Compensation Amount (as hereinafter defined) by the Fair Market Value of the Company’s Stock on such day. The Director Compensation Amount shall be $55,000 for
the remainder of fiscal year 2017, $65,000 for fiscal year 2018 and $75,000 for fiscal year 2019. 
 (b)    In addition
to the grants specified in Section 2(a), commencing with the third fiscal quarter of fiscal year 2017, and for each fiscal year thereafter, if the Program is still in effect, on the first business day of each fiscal quarter of such fiscal year, a
Non-Employee Director shall automatically be granted the following Awards of Restricted Stock, as applicable: 

(i)    each Non-Employee Director serving as Chairman of the Board on such day shall receive a number of whole shares of
Restricted Stock equal to twenty-five percent (25%) of the number calculated by dividing $6,000 by the Fair Market Value of the Company’s Stock on such day; 

 (ii)    each Non-Employee Director serving as Chairman of the Audit
Committee on such day shall receive a number of whole shares of Restricted Stock equal to twenty-five percent (25%) of the number calculated by dividing $4,000 by the Fair Market Value of the Company’s Stock on such day; and 

(iv)    each Non-Employee Director serving as Chairman of the Compensation Committee on such day shall receive a number of
whole shares of Restricted Stock equal to twenty-five percent (25%) of the number calculated by dividing $4,000 by the Fair Market Value of the Company’s Stock on such day. 

(c)    In each of the foregoing calculations, the resulting number shall be rounded down to the nearest whole number of
shares of Restricted Stock. 
 (d)    All of the foregoing Awards of Restricted Stock shall be deemed made under the
Plan, and all such Awards and this Program shall be subject to all of the provisions of the Plan. In addition to the terms and conditions of the Plan, each such Award of Restricted Stock shall be subject to the terms and conditions of this
Program.
 (e)    If a person becomes a Non-Employee Director, Chairman of the Board or Chairman of the Audit or
Compensation Committee other than on the first day of a fiscal quarter of the Company, such person shall receive an Award of Restricted Stock on such day with respect to the balance of such quarter, calculated in accordance with the foregoing
provisions of this Section 2 but appropriately prorated to reflect the number of days remaining in the quarter and the total number of days in the quarter. 

(f)    Awards of Restricted Stock under this Program shall be evidenced by, and subject to the terms of, a Restricted
Stock Agreement in a form approved by the Compensation Committee of the Board (the “Compensation Committee”). Restricted Stock Agreements shall comply, as applicable, with and be subject to the terms of the Plan and this
Program. 
 (g)    No Non-Employee Director shall receive cash compensation or meeting fees for such person’s
Service as a Director, as Chairman of the Board or as Chairman of the Audit or Compensation Committee or Service on any Board Committee. However, each Non-Employee Director will continue to receive reimbursement in accordance with the
Company’s policies for appropriate expenses incurred in connection with Service as a member of the Board or any Committee thereof. 

3.    Terms and Conditions. 

(a)    Vesting. Restricted Stock received pursuant to the Program shall become fully vested on the first
anniversary of the date of grant, subject to the holder of the Restricted Stock’s continuing Service as a member of the Board. If a Director’s Service as a member of the Board terminates other than for death or Disability, no further
Restricted Stock will vest following the date of such termination, and all Restricted Stock which is unvested at the time of such termination will be forfeited. The foregoing notwithstanding, in the event of a Non-Employee Director’s death
or Disability or a Change in Control of the Company during such Director’s Service as a member of the Board, all Restricted Stock granted under this Program to 

  
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such Non-Employee Director which has not vested before such event shall become immediately vested and no longer subject to restrictions on Transfer hereunder. The Committee may, in its
discretion, remove, modify or accelerate the release of restrictions on any Restricted Shares, including upon a Change in Control. 

(b)    Restrictions on Transfer. Other than as part of a Change in Control, a Non-Employee Director may not
sell, transfer, assign, pledge or otherwise encumber (collectively, “Transfer”) any Restricted Stock subject to a Restricted Stock Award or any interest therein until such Restricted Stock has vested. In addition, a
Non-Employee Director may not Transfer any Restricted Stock if such Non-Employee Director has not satisfied the requirements of any stock ownership guidelines established for Directors by the Board or if such Transfer would cause the Non-Employee
Director to be out of compliance with any such guideline. The periods during which all or any Restricted Stock is subject to forfeiture or restrictions on Transfer as provided in this Section 3 is referred to herein as a “Restricted
Period” with respect to such Restricted Stock. 
 (c)    Voting Rights; Dividends. Subject to the
other provisions of this Section 3, during the Restricted Period applicable to shares of Restricted Stock subject to a Restricted Stock Award held by a Non-Employee Director, the Non-Employee Director shall have all of the rights of a
shareholder of the Company holding shares of Stock, including the right to vote such shares and to receive all dividends and other distributions paid with respect to such shares; provided, however, that if any such
dividends or distributions are paid in shares of Stock, such shares shall be subject to the same vesting schedule and restrictions on Transfer as the shares subject to the Restricted Stock Award with respect to which the dividends or distributions
were paid. 
 (d)    End of Restricted Period. On the expiration or termination of a Restricted Period, the
restrictions on Transfer for the relevant Restricted Stock shall lapse, and it shall be free of all restrictions (except any that may be imposed by law or by any applicable stock ownership guidelines). The ownership by the relevant Non-Employee
Director of the shares of Restricted Stock with respect to which the restrictions have lapsed shall be evidenced by either (i) a stock certificate or (ii) a book entry or other appropriate electronic record, registered in the name of the
Holder. 
 (e)    Forfeiture of Restricted Stock. In the event of the forfeiture of any Restricted Stock,
the Company shall reacquire such Restricted Stock without the payment of consideration in any form to such holder of such Restricted Stock, and the holder of such Restricted Stock shall unconditionally forfeit any right, title or interest to such
Restricted Stock. Automatically and without action by any person, all forfeited Restricted Stock and certificates therefor shall be transferred and delivered to the Company. The Committee may, in its sole discretion, waive in writing the
Company’s right to reacquire some or all of a holder’s Restricted Stock and any Restricted Stock subject to such a waiver no longer be subject to forfeiture. 

(f)    Taxes. Each Non-Employee Director will be fully liable for any federal, state or local taxes of any
kind owed by him or her with regard to issuance of the Restricted Stock, whether owed at the time of issuance pursuant to the Non-Employee Director having made an election under Section 83(b) of the Internal Revenue Code of 1986, as amended, or at
the time that the Shares vest pursuant to the vesting schedule set forth in this Section 3.

  
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 4.    Administration. The Program shall be administered by the
Compensation Committee of the Board. All questions of interpretation of the Program or of any Award shall be determined by the Committee, and such determinations shall be final and binding upon all persons having an interest in the Program and
such Award.
 5.    Amendment or Termination. The Compensation Committee may terminate or amend this
Program. The termination of the Program shall not affect outstanding Restricted Stock, whether or not vested. This Program amends and restates in its entirety the Astro-Med, Inc. Amended and Restated Non-Employee Director Annual
Compensation Program, effective as of February 1, 2014, which shall be of no further force or effect on and after the Effective Date. 

6.    Implied Consent. Every Participant, by acceptance of an Award under this Program, shall be deemed to
have consented to be bound, on his or her own behalf and on behalf of his or her heirs, legal representatives, successors and assigns by all of the terms and conditions of this Program. 

  
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 Exhibit 10.2 

ASTRONOVA, INC. 

NON-EMPLOYEE DIRECTOR 

RESTRICTED STOCK AGREEMENT 

This Restricted Stock Agreement (“Agreement”) is made and entered into as of
                     (the “Grant Date”), by and between AstroNova, Inc. (the “Company”),
and                      (the “Recipient”) pursuant to the Company’s Non-Employee Director Annual Compensation Program (the
“Program”). This Agreement is and shall be subject in every respect to the provisions of the Company’s 2015 Equity Incentive Plan, as amended from time to time (the “Plan”) and the Program. The Program and the Plan
are incorporated herein by reference and made a part hereof. The Recipient acknowledges that this Agreement shall be subject to all the terms and provisions of the Plan and the Program and agrees that (a) in the event of any conflict between
the terms hereof and those of the Plan and/or Program, the terms of the Plan and/or Program shall prevail, and (b) all decisions under and interpretations of the Plan or Program by the Board or the Committee shall be final, binding and conclusive
upon the Recipient and his or her heirs and legal representatives. 
 In consideration of the mutual promises and covenants contained in
this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

1.    Grant of Shares. Upon the execution of this Agreement, the Company shall issue to the Recipient, in
consideration of the Recipient’s service to the Company, subject to the terms and conditions set forth in this
Agreement,                      shares of common stock, $0.05 par value per share, of the Company (“Common Stock”). Such shares,
together with any securities of the Company that may be issued in exchange for or in respect of the shares, whether by way of stock split, stock dividend, combination of shares, reclassification, recapitalization, reorganization or any other means,
shall be referred to herein as the “Shares.”
 2.    Vesting. The Shares shall become fully vested
on the first anniversary of the Grant Date, subject to the Recipient continuing Service as a member of the Board. If a Director’s Service as a member of the Board terminates other than for death or Disability
(“Termination”), all of the Shares that have not vested as of the date of Termination (any such shares, “Unvested Shares”) will be forfeited. The foregoing notwithstanding, in the event of the Recipient’s death
or Disability or a Change in Control of the Company during Recipient’s Service as a member of the Board, all Unvested Shares shall become immediately vested and no longer subject to restrictions on Transfer hereunder.

3.    Restrictions on Transfer. Other than as part of a Change in Control, Recipient may not sell, transfer,
assign, pledge or otherwise encumber (collectively, “Transfer”) any Shares or any interest therein until such Shares have vested. In addition, the Recipient may not Transfer any Shares if the Recipient has not satisfied the
requirements of any stock ownership guidelines established for Directors by the Board or if such Transfer would cause the Recipient to be out of compliance with any such guideline. The periods during which all or any Shares are subject to
forfeiture or restrictions on Transfer as provided in this Section 3 is referred to herein as a “Restricted Period” with respect to such Shares 

 4.    Voting Rights; Dividends. Subject to the other provisions
of this Agreement, during the Restricted Period applicable to the Shares, the Recipient shall have all of the rights of a shareholder of the Company holding shares of Common Stock, including the right to vote such shares and to receive all dividends
and other distributions paid with respect to such shares; provided, however, that if any such dividends or distributions are paid in shares of Common Stock, such shares shall be subject to the same vesting schedule and
restrictions on Transfer as the Shares with respect to which the dividends or distributions were paid. 
 5.    End
of Restricted Period. On the expiration or termination of a Restricted Period, the restrictions on Transfer shall lapse, and it shall be free of all restrictions (except any that may be imposed by law or by any applicable stock ownership
guidelines). A stock certificate for the number of shares of Common Stock with respect to which the restrictions have lapsed shall be delivered to the Recipient or a book entry or other appropriate electronic record with respect to such shares
shall me made.. 
 6.    Forfeiture of Unvested Shares. In the event of the forfeiture of any Unvested
Shares, the Company shall reacquire such Unvested Shares without the payment of consideration in any form to such holder of such Unvested Shares, and the Recipient shall unconditionally forfeit any right, title or interest to such Unvested
Shares. Automatically and without action by any person, all forfeited Unvested Shares and certificates therefor shall be transferred and delivered to the Company. 

7.    Effect of Prohibited Transfer. The Company shall not be required (a) to transfer on its books any
of the Shares which shall have been sold or transferred in violation of any of the provisions set forth in this Agreement, or (b) to treat as owner of such Shares or to pay dividends to any transferee to whom any such Shares shall have been so
sold or transferred. 
 8.    Restrictive Legend. All certificates representing Shares shall bear a legend
which refers to the restrictions imposed by this Agreement and the Plan and any applicable state or federal securities laws or regulations, and which legend is otherwise in such form as the Company may deem appropriate. All Shares registered in
book-entry shall include stop transfer instructions consistent with such legends.
 9.    Adjustments for
Recapitalizations and Other Transactions. The Shares issued pursuant to this Agreement shall be adjusted to reflect any recapitalizations, reorganizations or other changes in the Company’s capital structure or its business, or any
merger or consolidation of the Company, or any issue of stock, or any issue of bonds, debentures, preferred or prior preference stock or other capital stock ahead of or affecting the stock or the rights thereof, or the dissolution or liquidation of
the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise pursuant to the provisions of Section 11 of the Plan.

8.    Taxes. The Recipient understands and agrees that he or she will be fully liable for any federal,
state or local taxes of any kind owed by him or her with regard to issuance of the Shares, whether owed at the time of transfer pursuant to the Recipient having made an election 

  
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under Section 83(b) of the Internal Revenue Code of 1986, as amended (an “83(b) Election”), or at the time that the Shares vest pursuant to the vesting schedule set forth in Section 2
above. 
 9.    83(b) Election. The Recipient understands that it shall be his or her decision whether to
make an 83(b) Election with respect to the Shares, and that if he or she chooses to make such election, it must be made within 30 days of the date of execution of this Agreement. The filing of a Section 83(b) election is solely the Recipient’s
responsibility, and if the Recipient chooses to make such an election with respect to issuance of the Shares, he or she must provide a copy of such election to the Company. 

10.    Miscellaneous. 

(a)    Severability. The invalidity or unenforceability of any provision of this Agreement shall not affect
the validity or enforceability of any other provision of this agreement, and each other provision of this Agreement shall be severable and enforceable to the extent permitted by law. 

(b)    Binding Effect. This Agreement shall be binding and inure to the benefit of the Company and the
Recipient and their respective heirs, executors, administrators, legal representatives, successors and assigns, subject to the restrictions on transfer set forth in Section 4 of this Agreement. 

(c)    Notice.    Any notice to be given to the Company hereunder shall be deemed sufficient
if addressed to the Company and delivered to the office of the Company 600 East Greenwich Avenue, West Warwick, Rhode Island 02893 or such other address as the Company may hereafter designate. Any notice to be given to the Holder hereunder
shall be deemed sufficient if addressed to and delivered in person to the Holder at his or her address furnished to the Company or when deposited in the mail, postage prepaid, addressed to the Holder at such address. 

(d)     Amendment. This Agreement may be amended or modified only by a written instrument executed by both of
the Company and the Recipient. 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Restricted Stock Agreement as of the
date first written above. 
  

			
	ASTRONOVA, INC.
		
	By:	 	 
	Name:	 	
	Title:	 	
	
	 

  
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