Document:

2008 Long-Term Performance Share Program

 Exhibit 10.1 
 Intermec, Inc. 
 2008 Long-Term Performance Share Program 

(as amended March 23, 2012) 
  

 

			
	Name of Program	    	The program will be called the Intermec, Inc. 2008 Long-Term Performance Share Program (the “Program”), and will be considered a “sub-plan” under the 2008
Omnibus Incentive Plan, as amended from time to time (the “Plan”).
		
	Purpose	    	 The primary purposes of the Program are to:
  

•    Reward officers and key employees for the overall success of Intermec, Inc. (the
“Company”) as reflected through the Company’s financial performance, stock price or earnings; and
  

•    Provide a competitive long-term incentive program.

		
	Effective Date	    	The original effective date of the Program is May 23, 2008. The Program will remain in effect until the earlier of (i) the Plan’s expiration or termination of the Plan by
the Board or the Compensation Committee of the Board (the “Committee”) or (ii) termination of the Program by the Committee.
		
	Award and Performance Periods	    	Each award period under the Program is three years, with the first award period running from January 1, 2008 to December 31, 2010. The Committee shall have the discretion to
establish performance periods and measurement periods within an award period for purposes of establishing periods over which performance in an award period is to extend or be measured.
		
	Grant Frequency	    	A new award period will begin annually on each January 1, which will create overlapping award periods.
		
	Size of Awards	    	Target awards will be established for each participant, denominated in shares (“PSUs”). Target award levels will be approved annually by the Committee.
		
	Program Structure	    	Participants can earn from 0 percent to up to 200 percent of their target shares based on Company financial performance (“Earned PSUs”).
		
	Performance Measure(s)	    	For each award or performance period, as applicable, the Committee shall select performance measures from those set forth in Section 15 of the Plan. The Committee may choose to
include or exclude any of the events set forth in Section 15 of the Plan in the evaluation of performance for such period.

  

			
	 	    	Page 1 of 3

			
	Form and Timing of Payout	    	 Following completion of an award or performance period, as applicable, (i) the number of Earned PSUs shall be determined and such
Earned PSUs shall be paid out in shares of the Company’s common stock equal to the number of Earned PSUs or (ii) alternatively, the right to receive shares with respect to Earned PSUs shall remain subject to additional performance or time
conditions that apply during the remainder of the award period (shares subject to such contingent rights are referred to in the Program as “RSUs”). The Committee shall determine at or prior to the grant of PSUs whether the number of Earned
PSUs shall be subject to additional performance or time conditions during an award period.
  
 Except as otherwise provided in the Program, any shares issuable under the Program shall be paid to participants no later than 2 1/2 months after an award or performance period, as applicable, has
ended.

		
	Dividends	    	Dividends, if any, declared during an award period will be converted, (i) with respect to PSUs, into additional PSUs, based on a participant’s target award, or (ii) with
respect to RSUs, into additional RSUs with respect to the total number of units held by a participant.
		
	Certain Terminations of Employment	    	In the event of a participant’s termination as a result of death or disability prior to the end of the award or performance period, as applicable, the former employee (or
beneficiary) will be entitled to receive a payout of Earned PSUs on the same basis as other participants, provided that (1) such amount shall be prorated for the number of full months worked during the award or performance period, as applicable, as
a percentage of the total number of full months in the award or performance period and (2) with respect to RSUs, payout shall be made within 2 1/2 months after the later of the termination or the certification by the Committee of payouts for the award period, notwithstanding the requirement applicable
generally that no payout is due unless the participant remains employed until the end of the award or performance period, as applicable.
		
		    	 Any such Earned PSUs will be paid in shares of common stock.

 
 For purposes of the foregoing, “disability” has the definition set forth in
the Plan.
  
 Amounts paid on account of death will be paid to a beneficiary
designated by the participant. If no beneficiary has been designated, amounts will be paid to the participant’s estate.
  
 Notwithstanding the foregoing and any other provision in the

  

			
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		    	Program, awards shall be paid in shares of common stock to (or with respect to) the participant no later than 2 1/2 months following the end of the year in which such awards are no
longer subject to a substantial risk of forfeiture within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder.
		
	Other Terminations of Employment	    	In the event of a termination of employment prior to the end of a an award or performance period, as applicable, and not in connection with disability or death, as discussed
above, the participant will forfeit any right to any payout for all award periods in progress under the Program.
		
	Tax Withholding	    	The Company has the right to deduct any taxes or statutory deductions required by law to be withheld from all payments under the Program.
		
	Change in Capitalization	    	Any change in capitalization which results in a material change in the value of the Company’s common stock (e.g., special dividend, spin-off) will result in an adjustment in
the number of shares earned at target and the number of shares subject to RSUs to reflect the recapitalization. While individual recapitalization “events” will be assessed by the Committee on a case-by-case basis, the overriding objective
will be to avoid rewarding or penalizing participants specifically as a function of the event.
		
	Change of Control	    	The effect of a Change of Control on outstanding PSUs and RSUs shall be governed by the terms of the Company’s change of control policy applicable to the participant, which
policy is either the Executive Change of Control Policy for the Plan or the Standard Change of Control Policy for the Plan, both of which were effective January 7, 2009. For purposes of the foregoing, “Change of Control” has the definition
set forth in the change of control policy applicable to the participant.
		
	Recovery Policy	    	Awards granted under the Program shall be subject to the Company’s Policy for Recovery of Incentive Compensation and any other clawback or recovery policy adopted by the
Company, in accordance with the terms of the Plan.
		
	Accounting Considerations	    	The employer must recognize an expense for compensation over the award period. An estimated expense is accrued by amortizing the initial value of the awards and any subsequent
appreciation over the award period based upon preestablished goals. The approach to expensing may change.
		
	Tax Considerations	    	The Company will receive a tax deduction in the year in which the actual payout is determinable. The employee must report taxable income in the year the award is
paid.

  

			
	 	    	Page 3 of 3Form of Performance Share Unit Agreement

 Exhibit 10.2 
 Intermec, Inc. 
 2008 Long-Term Performance Share Program 

Performance Share Unit Agreement 
 for the Award Period 
 January 1, [YEAR] through December 31,
[YEAR] 
 This Performance Share Unit Agreement (this “Agreement”) is made as of [DATE], between
Intermec, Inc., a Delaware corporation (the “Company”), and [NAME] (the “Participant” or “you”) under the Company’s 2008 Omnibus Incentive Plan, as amended and restated effective
May 25, 2011 (the “Plan”). 
 WHEREAS, the Committee has adopted the 2008 Long-Term Performance
Share Program, as amended (the “Program”), as a sub-plan of the Plan and authorized the Award represented by this Agreement; 
 NOW, THEREFORE, in consideration of the premises, the mutual covenants hereinafter set forth, and other good and valuable consideration, the Company and you hereby agree as follows: 

Article 1. Award 
 The
Company hereby grants you, as a matter of separate inducement and agreement, and not in lieu of salary or other compensation for services, [TOTAL SHARES GRANTED] Performance Share Units (the “Target Award”), on the
terms and conditions hereinafter set forth. The number of Performance Share Units (“PSUs”) that you may earn under this Agreement shall range from 0% to 200% of the Target Award (the “Earned PSUs”), as determined by
the achievement of the performance measures set forth in Appendix A to this Agreement as of the measurement dates set forth in this Agreement. The Earned PSUs shall be paid in shares of Common Stock, par value $.01 per share, of the Company
(the “Common Stock”) as set forth in Article 4 and Article 6 of this Agreement. You shall have no obligation to pay the Company additional consideration for the Earned PSUs. The Grant Date for the PSUs is [DATE].

 The Plan and the Program, copies of which have been made available to you, are incorporated herein by reference and made part
of this Agreement as if fully set forth herein. By accepting the Award, you also acknowledge receipt of the Plan and the plan summary for the Plan. You are encouraged to review the Company’s most recent annual report and proxy statement, which
may be found at www.intermec.com. 
 Capitalized terms used in this Agreement that are not defined herein shall have the
meanings assigned to such terms in the Plan and the Program. This Agreement is subject to, and the Company and you agree to be bound by, all of the terms and conditions of the Plan and the Program as the same exist at the time this Agreement became
effective. The Plan and the Program shall control in the event there is any express conflict between the terms hereof and the Plan or the Program and with respect to such matters as are not expressly covered in this Agreement. The Company hereby
reserves the right to alter, amend, modify, restate, suspend or terminate the Plan, the Program and this Agreement in accordance with Section 16 of the Plan, but, subject to the terms of the Plan, no such subsequent amendment, modification,
restatement, or termination of the Plan, the Program or this Agreement shall adversely affect in any material way your rights under this Agreement without your written consent. This Agreement shall be subject, without further action by the Company
or you, to such amendment, modification, or restatement. 

  

					
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 Article 2. Award Period, Performance Periods and Measurement Dates 

For all purposes of this Agreement, “Award Period” means January 1, [YEAR] through December 31,
[YEAR]. The Award Period contains three one-year performance periods that run from January 1 through December 31 of each of the fiscal years [YEAR], [YEAR] and [YEAR] (each, a “Performance Period”).
“Measurement Date” means December 31 of a Performance Period. 
 Article 3. Achievement of Performance
Measures 
 PSUs may be earned for each Performance Period in the Award Period. The number of Earned PSUs for each
Performance Period shall be based upon the level of achievement of individual performance measures applicable to the Performance Period, determined as of the Measurement Date for such Performance Period. Performance measures for each Performance
Period and the related vesting schedules are set forth on the attached Exhibit A. 
 The number of Earned PSUs for
achievement at levels between those set forth on Exhibit A will be calculated using straight line interpolation between the vesting percentages set forth on Exhibit A to the extent necessary. No award will be earned with respect to a
performance measure for which performance is below the threshold level set forth on Exhibit A. 
 The total maximum Award
achievement over the Award Period is 200% of the Target Award. 
 Article 4. Termination/Forfeiture Provisions 

Except as otherwise provided below in this Article 4, you shall be eligible for payment of Earned PSUs with respect to a Performance
Period, as determined in Article 3, only if your employment with the Company or a Related Company continues through the end of the Performance Period for which such PSUs may be earned. In the event of your termination of employment for any reason
after commencement of an Award Period but prior to commencement of a Performance Period in such Award Period, you shall not be eligible for payout of any portion of the Target Award. 

Notwithstanding the foregoing, in the event of your termination of employment as a result of death or Disability after commencement of a
Performance Period but prior to the end of such Performance Period, you (or your beneficiary) will be entitled to receive a payout of Earned PSUs for such Performance Period (but not for any successive Performance Periods) on the same basis and at
the same time as other Participants in the Program, provided that such amount shall be prorated for the number of full months worked by you during the Performance Period as a percentage of the total number of full months in the Performance Period.

 The effect of a Change of Control on PSUs shall be governed by the terms of the Executive Change of Control Policy for the
Plan. 
 Article 5. Rights as a Stockholder 
 During the Award Period, you shall have no rights of a stockholder of the Company with respect to the PSUs or the Earned PSUs but shall have the rights of a stockholder with respect to shares of Common
Stock issued to you upon payout of Earned PSUs. Notwithstanding the foregoing, you shall be entitled to receive any dividend equivalents declared by the Board, as provided in the Program. 

  

					
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 Article 6. Form and Timing of Payment 

Payment of Earned PSUs shall be made in the form of shares of Common Stock within 2 1/2 months following the Measurement Date for a Performance Period. The
Company shall direct its transfer agent to issue to you, in uncertificated form, the number of unrestricted shares of Common Stock that are payable to you under this Agreement. 
 Article 7. Nontransferability 
 PSUs may not be sold, transferred, pledged,
assigned, or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. Your rights under this Agreement shall be exercisable during your lifetime only by you or your legal representative. 

Article 8. Administration 

It is expressly understood that the Committee is authorized to administer, construe, and make all determinations necessary or appropriate
for the administration of the Plan, the Program and this Agreement, all of which shall be binding upon you. 
 Article 9. Clawback Policy

 The PSUs and any shares of Common Stock issued thereunder shall be subject to the Company’s Policy for Recovery of
Incentive Compensation (the “Recovery Policy”) adopted February 22, 2012. The PSUs and any shares of Common Stock issued thereunder shall also be subject to potential cancellation, rescission, payback, recoupment or other
action in accordance with the terms of any other Company clawback policy (a “Clawback Policy”), as then in effect and as it may be amended from time to time, to the extent a Clawback Policy applies to the PSUs and any shares of
Common Stock issued thereunder (including a Clawback Policy implemented or amendments made thereto after the Grant Date for the PSUs). By accepting the Award, you agree to execute any additional documents to effect the Company’s application,
implementation and enforcement of the Recovery Policy or a Clawback Policy with respect to the PSUs and any shares of Common Stock issued thereunder. 
 Article 10. Withholding Taxes 
 No later than the date as of which an amount
first becomes includable in your gross income for federal income tax purposes or otherwise with respect to any PSUs or Earned PSUs, you shall pay to the Company or a Related Company, as applicable, or make arrangements satisfactory to the Company or
a Related Company regarding the payment of, any federal, state, local, or foreign taxes of any kind required by law to be withheld by the Company or a Related Company with respect to such amount (the “Mandatory Withholding Taxes”).
The obligations of the Company hereunder shall be conditional on such payment or arrangements. Notwithstanding the foregoing, to the maximum extent permitted by applicable law, the Company has the right to retain, without notice to you, from the
number of shares of Common Stock issuable and deliverable to you pursuant to this Agreement, or from salary or other amounts payable to you, the number of shares or cash having a value not less than the Mandatory Withholding Taxes. The Company
currently intends to satisfy such Mandatory Withholding Taxes by retaining shares of Common Stock otherwise issuable under this Award (up to the minimum statutory amount required to be withheld by the Company). 

  

					
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 Regardless of any action the Company takes with respect to any or all of the Mandatory
Withholding Taxes, you acknowledge that the ultimate liability for all withholding taxes legally due by you is and remains your responsibility and that the Company (a) makes no representations or undertakings regarding the treatment of any
withholding taxes in connection with any aspect of the Earned PSUs, including the grant or other vesting of the PSUs or Earned PSUs, the subsequent sale of shares of Common Stock received upon vesting of the Earned PSUs, if any, and the receipt of
any dividends or dividend equivalents; and (b) does not commit to structure the terms of the Award or any aspect of the Award to reduce or eliminate your liability for withholding taxes. 
 Article 11. Miscellaneous 
 (a) You understand and acknowledge that you are
one of a limited number of employees of the Company and its Related Companies who have been selected to receive a grant of PSUs. You hereby covenant and agree not to disclose the Award of PSUs pursuant to this Agreement to any other person except
(i) your immediate family and legal or financial advisors who agree to maintain the confidentiality of this Agreement, (ii) as required in connection with the administration of this Agreement and the Plan as it relates to this Award or
under applicable law, and (iii) to the extent the terms of this Award have been publicly disclosed. 
 (b) The grant of
PSUs to you in any year shall give you neither any right to similar grants in future years nor any right to be retained in the employ of the Company or its Related Companies, such employment being terminable to the same extent as if the Program and
this Agreement were not in effect. The right and power of the Company and its Related Companies to dismiss or discharge you is specifically and unqualifiedly unimpaired by this Agreement. 

(c) Each notice relating to this Agreement shall be in writing and delivered in person or by mail to the Company at its office, 6001 36th
Avenue West, Everett, WA 98203-1264, to the attention of the Company’s Secretary or at such other address as the Company may specify in writing to you by a notice delivered in accordance with this paragraph. All notices to you shall be
delivered to you at the most recent address for you in the Company’s records or at such other address as you may specify in writing to the Secretary of the Company by a notice delivered in accordance with this paragraph. 

(d) This Agreement, including the provisions of the Plan and the Program incorporated by reference herein, comprises the whole Agreement
between the parties hereto with respect to the subject matter hereof, and shall be governed by and construed in accordance with the laws of the State of Washington, U.S.A., without reference to principles of conflicts of law. This Agreement shall
become effective when it has been executed or accepted electronically by the Company and you. For purposes of litigating any dispute that arises directly or indirectly from the relationship of the parties evidenced by this Agreement, the parties
hereby submit to and consent to the exclusive jurisdiction of the State of Washington, U.S.A., and agree that such litigation shall be conducted only in the courts of Washington, U.S.A., or the federal courts for the United States for the Western
District of Washington, and no other courts where this grant is made and/or to be performed. 
 (e) This Agreement shall inure
to the benefit of and be binding upon each successor of the Company and, to the extent specifically provided herein and in the Plan and the Program, shall inure to the benefit of and shall be binding upon your heirs, legal representatives, and
successors. 

  

					
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 (f) If any provision of this Agreement shall be invalid or unenforceable, such invalidity or
unenforceability shall not affect the validity and enforceability of the remaining provisions of this Agreement. 
 (g) This
Agreement may be executed in separate counterparts, each of which when so executed and delivered will be an original, but all of which together will constitute one and the same instrument. In pleading or proving this Agreement, it will not be
necessary to produce or account for more than one such counterpart. 
 (h) The Company may, in its sole discretion, deliver any
documents related to the PSUs, or future PSUs (if any) that may be granted under the Program, by electronic means or request your consent to participate in the Program by electronic means. You hereby consent to receive such documents by electronic
delivery and agree to participate in the Program through an on-line or electronic system established and maintained by the Company or another third party designated by the Company. 

(i) Payments made pursuant to this Agreement are intended to qualify for an exemption from Section 409A of the Code. Notwithstanding
any other provision in this Agreement, the Program and the Plan, the Company, to the extent it deems necessary or advisable in its sole discretion, reserves the right, but shall not be required, to unilaterally amend or modify this Agreement, the
Program or the Plan so that the Award granted hereunder to you qualifies for exemption from or complies with Section 409A; provided, however, that the Company makes no representations that this Agreement or the Award shall be exempt from or
comply with Section 409A and makes no undertaking to preclude Section 409A from applying to the Award. By accepting this Award, you shall be deemed to have waived any claim against the Company and its affiliates with respect to any such
tax, economic and legal consequences. Also notwithstanding the foregoing, if at the time of a scheduled vesting or payout date under this Agreement, you are a “specified employee” of the Company within the meaning of that term under
Section 409A and as determined by the Company, and payment would be treated as a payment made on “separation from service” within the meaning of that term under Section 409A, then, if such delayed commencement is otherwise
required in order to avoid a prohibited distribution under Section 409A, the payment shall be delayed until the date which is six months after the date of such separation from service or if earlier the date of your death. 

  

					
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 IN WITNESS WHEREOF, this Agreement is executed by you and by the Company through its
duly authorized officer as of the Grant Date first above written. 
  

							
		 		 	INTERMEC, INC.
				
		 		 	By:	 	  

		 		 	[NAME]	 	  

		 		 	[TITLE]	 	  

			
		 		 	PARTICIPANT:
				
	IMPORTANT	 		 		 	
	PLEASE ACCEPT ELECTRONICALLY OR	 		 		 	
	SIGN AND RETURN PROMPTLY	 		 		 	
		 		 	  

		 		 	[NAME]	 	

  

					
		    	 	Page 6 of 7	  

 Exhibit A 
 to 
 Performance Share Unit Agreement for the Award Period 

January 1, [YEAR] through December 31, [YEAR] 
 under 
 Intermec, Inc. 2008 Long-Term Performance Share Program

  

			
	 [YEAR] PSU GRANT
 RECIPIENT
	  	 [NAME OF SENIOR OFFICER]

	TOTAL TARGET PSU SHARES (SUBJECT TO PERFORMANCE MEASURES AS INDICATED BELOW)	  	[                Total
Shares                ]

 [PERFORMANCE MEASURES AND DETERMINATION OF ACHIEVEMENT] 

  

					
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