Document:

AGREEMENT OF SALE

 Exhibit 10.6 (d) 
  
 AGREEMENT OF SALE 
  
 THIS AGREEMENT OF SALE (this “Agreement”), is entered into as of this 15th of December, 2004 (the “Effective Date”) between the
BOARD OF COUNTY COMMISSIONERS OF GARRETT COUNTY, a political subdivision of the State of Maryland (the “Seller”), having an address at 203 South 4th Street, Courthouse Room 208, Oakland, Maryland 21550, Attention: Mr. James
Hinebaugh, and AMERICAN WOODMARK CORPORATION, a body corporate organized and existing under the law of the State of Virginia having an address at 3102 Shawnee Drive, Winchester, Virginia 22601-4208, Attention: Mr. Glenn Eanes, Vice President
& Treasurer (the “Buyer”). 
  
 Recitals

  
 1. The Seller owns a parcel of real property (as
described below), which the Buyer desires to purchase and Seller desires to sell, and 
  
 WITNESSETH, THAT FOR AND IN CONSIDERATION of the mutual covenants and agreements of the parties hereto, as are set forth below, and for other good and valuable consideration, the receipt and adequacy of which
are hereby acknowledged by each party hereto, the Seller hereby agrees to sell to the Buyer and the Buyer hereby agrees to purchase from the Seller all of that parcel of land in Garrett County, Maryland, containing 37 acres of land, more or less,
which is more fully described on Exhibit A attached hereto, 
  
 TOGETHER WITH any improvements thereon, and any rights, alleys, ways, waters, privileges, appurtenances and advantages, to the same belonging or in any way appertaining (all of which land, improvements and appurtenances are referred
to collectively as the “Property”), but reserving unto the Seller title to all streets and roads adjoining the Property. 
  
 ON THE TERMS AND SUBJECT TO THE CONDITIONS set forth in this Agreement: 
  
 Section 1. Purchase Price. The Buyer shall pay to the Seller (i) as the purchase price for the Property an amount
equal to One Million Two Hundred Ninety-Five Thousand Dollars ($1,295,000.00) (the “Purchase Price”), except that the Purchase Price shall be adjusted at Closing to equal the product obtained by multiplying $35,000 by the acreage of the
Property (computed to three decimal places) as shown on a survey of the Property obtained by the Seller prior to Closing. At Closing, the Buyer shall pay to the Seller the entire Purchase Price for the Property by executing and delivering to the
Seller a Deed of Trust Note, Loan Agreement, and Deed of Trust in forms acceptable to the parties and to the Department of Business and Economic Development, a principal department of the State of Maryland (“DBED”), and in the amount of
the Purchase Price. 
  
 Section 2. Conditions Precedent;
Title. 
  
 2.1. Conditions Precedent.
The Buyer’s obligation under the terms of this Agreement to complete Closing shall be conditioned on the satisfaction (or the Buyer’s written waiver thereof) of each of the following conditions precedent: 
  
 2.1.1. Representations. Each of the Seller’s
representations in Section 4 of this Agreement shall be true and accurate in all material respects. 
  

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 2.1.2 Feasibility Period. The Buyer shall have until 5:00 p.m. on the
twenty-eighth (28th) day after the Effective Date (as it may be extended, the “Feasibility Period”), during which time the Buyer may determine, in its sole and absolute discretion, the feasibility of its acquisition and development of the
Property by conducting, at its own expense, any investigations, studies, and surveys as it deems appropriate. If the Buyer gives notice to the Seller at any time during the Feasibility Period that it has decided, in its sole and absolute discretion,
not to purchase the Property, this Agreement shall terminate and neither party shall have any further obligation to the other under this Agreement, except for the Seller’s and the Buyer’s respective obligations under Sections 6.2 and 9
(the “Surviving Obligations”), which shall survive termination. If the Buyer does not give such notice of termination prior to the end of the Feasibility Period, the Buyer shall be deemed to have conclusively waived its right to terminate
this Agreement under the foregoing provisions. The Feasibility Period may be extended in the sole discretion of the Seller. 
  
 2.2. Title Commitment. Within five (5) days following the Effective Date, the Buyer, at the Buyer’s expense, shall order a
title commitment for the Property (the “Commitment”), together with a copy of all documents of record and all exceptions to title to the Property as indicated in the Commitment from a title company of the Buyer’s choosing (the
“Title Company”). If the Commitment discloses defects in title or other adverse matters other than (a) utility easements, setback restrictions and other easements, covenants and restrictions required in connection with the development of
the Property which do not materially, adversely affect the Buyer’s intended development of the Property, (b) non-delinquent real estate taxes, or (c) any other title or survey defect not objected to by the Buyer set forth in the Commitment (the
“Permitted Title Exceptions”), the Buyer shall notify the Seller of these defects on or before the fifteenth (15th) day after the Effective Date. If the Buyer does not give notice within such time, the Buyer shall be conclusively deemed to have accepted all title matters with respect to the Property. Upon receipt of notice from the Buyer that
any title defects or other matters shall exist with respect to the Property, other than a Permitted Title Exception, the Seller, within ten (10) days after receipt of the Buyer’s notice, shall notify the Buyer in writing whether the Seller will
remedy any or all such title defects or other objectionable matters prior to Closing. If the Seller does not agree to cure all such title defects and other objectionable matters prior to Closing, the Buyer may, by written notice to the Seller given
within five (5) days after receipt of the Seller’s notice, (x) waive any such title defects or other objectionable matters that the Seller has not agreed to cure in which case such defects, or matters shall be deemed to be Permitted Title
Exceptions, or (y) terminate this Agreement, whereupon neither party shall have any further rights or obligations under this Agreement except for the Surviving Obligations. 
  
 Section 3. Closing, Title and Possession. 
  
 3.1. Closing. The settlement of the purchase and sale of the Property (the “Closing”) shall
take place at 10:00 a.m. on or before the sixtieth (60th) day after the Effective Date (the “Outside Closing
Date”), at a location acceptable to the Buyer and the Seller (or on any earlier date designated by the Buyer by a notice given to the Seller at least 10 days prior thereto). 
  
 3.2. Title. At Closing, the Seller shall convey to the Buyer the title to the Property in fee simple,
by a special warranty deed, subject only to the Permitted Title Exceptions. 
  

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 3.3. Possession and Burden of Risk. At Closing, the Seller shall deliver to the
Buyer possession of the Property, free of any tenancies and other rights or claims of right to its use or occupancy. Until Closing, the Seller shall bear the risk of any damage to or destruction of any improvements on the Property. 
  
 3.4. Closing Costs; Adjustments. 
  
 3.4.1. Recordation Costs. The Buyer shall pay all
state and county recordation taxes, documentary stamp taxes and transfer taxes, including all agricultural land transfer taxes. The Buyer shall pay any recording fees, lien certificate charges, survey costs, title examination fees, title insurance
premiums, and all other costs incurred in recording the deed among the Land Records of Garrett County, Maryland. The Seller hereby notifies the Buyer that the conveyance of the Property to the Buyer may be subject to the agricultural land transfer
tax imposed under subtitle 3, title 13 of the Maryland Tax-Property Code. 
  
 3.4.2. Taxes. All general and special real property taxes and metropolitan district, front-foot benefit, water rent or other
charges levied or assessed against the Property by any public or quasi-public authority before, at or as a result of Closing, (collectively, the “Taxes”), shall be (a) apportioned between the parties hereto as of Closing, based upon the
Taxes or (if payable in installments) installment thereof for the entire year or other period during which Closing occurs (except for any penalty for post payment thereof, which shall be paid by the Seller at or before Closing), and any adjustment
required to accomplish the same may be made after Closing, if necessary, and (b) paid thereafter by the Buyer. 
  
 3.4.3. Legal Fees. Each party shall pay its own legal fees in connection with the transactions contemplated under this Agreement
and the Closing. 
  
 Section 4. Representations.

  
 4.1. To induce the Buyer to enter into this
Agreement, the Seller hereby represents and warrants to the Buyer that, on the date hereof and as of the date of Closing: 
  
 4.1.1. To the best of the Seller’s knowledge, information, and belief, there are no leases of or other rights of possession, use or
occupancy in, on or through the Property; 
  
 4.1.2. To the best of the Seller’s knowledge, information, and belief, there are no threatened or pending annexation or condemnation proceedings, or other litigation or proceedings against or affecting any part of the Property; and

  
 4.1.3. To the best of the Seller’s
knowledge, information, and belief, the Seller has not entered into any other contract of sale for any part of the Property, other than such as have previously been terminated and are no longer binding on the Seller, nor does any other party have a
right of first refusal or option to purchase any portion of the Property. 
  
 4.2. To induce each other to enter into this Agreement, each person executing this Agreement on behalf of a party hereto hereby represents to the other that it has been duly authorized and empowered to execute this
Agreement on behalf of such party, and has the full power and 

  

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authority to bind such party and that this Agreement constitutes the valid and binding obligation of such party. 
  
 4.3. At Closing, each party shall be deemed to have
represented and warranted to the other party hereto that its respective warranties and representations under this Section 4 are true and accurate as of Closing (or, if any representation or warranty expressly provides that it is made to the best of
such party’s knowledge, then such party shall be deemed to have represented and warranted that such representation or warranty is, to the best of such party’s knowledge, true and accurate as of Closing). The representations and warranties
made in this Agreement, and the respective rights and obligations of the parties under this Section, shall survive Closing for a period of one year. 
  
 Section 5. Cooperation and Improvements. 
  
 5.1. Cooperation. The Seller shall, at the Buyer’s request and expense before and after Closing, cooperate with the
Buyer’s efforts with regard to developing the Property, including joining in all applications for building permits and site and development plan approvals and amendments, the granting of or entry into which by any federal, state or local
governmental or quasi-governmental authority having jurisdiction over the Property is necessary to permit the development and improvement of the Property for the purposes contemplated by the Buyer, and any other documents reasonably deemed necessary
by the Buyer in connection therewith, and shall fully support and cooperate with he Buyer’s efforts with respect to all of the foregoing. The Seller shall not incur any expense in cooperating with the Buyer, and any fees or other governmental
charges required to be paid in connection with the execution of any of the foregoing documents requested by the Buyer shall be paid by the Buyer. Notwithstanding the foregoing, the Seller shall not be required to cooperate with or join in any
approval which would not be permitted by law or impose any obligation, liability or expense on the Seller or that would burden any other property other than the Property. The Buyer agrees, in connection with all of the foregoing efforts of the
Buyer, that the Buyer will provide to the Seller copies of all plans submitted to governmental authorities. 
  
 5.2. Improvements. The Buyer understands, acknowledges, and agrees that the Property is being sold and conveyed absolutely AS
IS and the Seller makes no representations or warranties whatsoever as to the condition of the Property, its fitness or suitability for any purpose intended by the Buyer, the availability or adequacy of any utilities or facilities serving
the Property, the presence of burial grounds or archaeological sites on the Property, or whether the Buyer will be able to obtain any permits or approvals to develop the Property. 
  
 Section 6. Right of Entry. 
  

6.1. During the period beginning on the Effective Date and ending on the Closing Date, the Buyer and its employees, agents, contractors
and subcontractors may at any time or times enter the Property and, while thereon, (a) make surveys and appraisals, take measurements, test borings, other tests of surface and subsurface conditions and soil tests, make structural and engineering
studies, (b) inspect the Property, (c) secure and fence the Property, set up a construction trailer, bring construction equipment onto the Property, stake and utility mark the Property and install sediment control fencing, and (d) conduct other site
development work approved by the Seller in writing (collectively, the “Pre-Construction Work”) all at the Buyer’s sole risk and expense, provided, however, that prior to entering the Property, the Buyer shall obtain and thereafter
maintain in effect a commercial general liability insurance policy covering the Property in 

  

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the amount of Three Million Dollars ($3,000,000) combined single limit per occurrence and Five Million Dollars ($5,000,000) in the aggregate, and shall
provide the Seller with an insurance certificate naming the Seller as additional insured under such policy. In addition, prior to performing any Pre-Construction Work, the Buyer shall obtain all governmental permits and approvals required therefor
and shall provide copies thereof to the Seller. All Pre-Construction Work shall be performed only in accordance with all applicable laws, order, rules, and regulations of governmental authorities. No footings, foundations, utilities or other
improvements may be placed, installed or constructed upon the Property by the Buyer prior to Closing without the prior written consent of the Seller, which consent may be made or withheld in the sole and absolute discretion the Seller. 

 
 6.2. If the Buyer exercises its rights under the
foregoing provisions of this Section, it shall (a) keep the Property free and clear of any and all liens or claims resulting therefrom; (b) indemnify, defend, and hold harmless the Seller against any and all loss, liability, claims, damages or
expenses (including reasonable attorneys’ fees) incurred by the Seller for loss or damage to property and/or injuries to or death of persons arising therefrom; and (c) if Closing does not occur for any reason, promptly repair any damage to the
Property caused by such exercise and in a condition equal to or better than before the exercise of said right of entry. The rights and obligations of the parties hereto under this Section 6.2 shall survive Closing or any earlier termination of this
Agreement. 
  
 Section 7. Default. 
  
 7.1. At or Before Closing. Upon a default by either
party in performing its obligations under this Agreement to complete Closing or in a timely fashion to take any action which it is required to take before Closing, the non-defaulting party may, by notifying the defaulting party, declare such default
and exercise its rights under the following provisions of this Section. 
  
 7.1.1. If the Buyer is the defaulting party, the Seller shall be entitled to exercise any rights and remedies which are available to the Seller at law or in equity. The provisions of this Section 7.1.1 shall not limit
the Buyer’s liability under the Surviving Obligations. 
  
 7.1.2. If the Seller is the defaulting party, the Buyer shall be entitled, as its sole remedies at law or in equity, after such declaration of default to (a) seek specific performance of the Seller’s obligation
to convey the Property pursuant to this Agreement, the Buyer expressly waiving any right to recover damages against the Seller, or (b) terminate this Agreement. If the Buyer terminates this Agreement pursuant to the foregoing provisions of this
paragraph, (i) this Agreement shall automatically terminate, and (ii) neither party shall thereafter have any further obligation to the other under this Agreement, except for the Surviving Obligations. 
  
 7.1.3. Notwithstanding anything in this Section to the
contrary, neither party shall be entitled to exercise any right under this Agreement, or at law or in equity, on account of any default by the other party (other than a failure by such party to complete Closing in accordance with the provisions of
this Agreement) unless it gives the defaulting party written notice of its intention to take such action by at least ten (10) days prior thereto, and unless during such period the defaulting party has not cured such default. 
  

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 7.2. After Closing or Termination of Agreement. If either party defaults under the
terms of this Agreement after Closing, the non defaulting party may exercise all rights or remedies which it has at law or in equity. 
  
 Section 8. Notices. Any notice, demand, consent, approval, request or other communication or document to be provided under this Agreement to a
party (each of which is referred to as a “Notice”) (a) shall be in writing, (b) shall be deemed to have been provided (1) on the third business day after being sent as certified or registered mail in the United States mails, postage
prepaid, return receipt requested, or (2) on the next business day after being deposited (in time for delivery by such service on such business day) with Federal Express or another national overnight courier service, or (3) on the date of delivery,
if delivered by hand with written receipt thereof, in each case to the address of such party set forth above or to any other address in the United States of America as a party may designate from time to time by Notice to the other party, and (c) (i)
if provided to the Seller, shall also be provided to its attorney
                                        
        N/A                               
                 , Maryland
            N/A            , or (ii) if provided to the Buyer, shall also be provided to its attorney
                                       
 N/A                                      
  . 
  
 Section 9. Commissions. Each party
represents and warrants to the other that, in connection with the sale and purchase of the Property, the party so representing and warranting has not dealt with any real estate broker, agent or finder. Each party shall indemnify and hold harmless
the other against and from any inaccuracy in such party’s representation. The rights, obligations, warranties, and representations of the parties under this Section shall survive Closing or any termination of this Agreement before Closing.

  
 Section 10. General. 
  
 10.1. Effect. This Agreement (a) shall become
effective on and only on its execution and delivery by both parties; and (b) represents the complete understanding between the parties as to its subject matter, and supersedes all prior written or oral negotiations, representations, guaranties,
warranties, promises, statements, or agreements between the parties as to the same. No determination by any court, governmental body or otherwise that any provision of this Agreement is invalid or unenforceable in any instance shall affect the
validity or enforceability of (a) any other provision, or (b) such provision in any circumstance not controlled by the determination. Each such provision shall be valid and enforceable to the fullest extent allowed by, and be construed wherever
possible as being consistent with, applicable law. 
  
 10.2. Amendment. This Agreement may be amended by and only by an instrument executed and delivered by each party. 
  
 10.3. Applicable Law. This Agreement shall be given effect and construed by application of the law of Maryland, and any action or
proceeding arising under this Agreement shall be brought in the courts of Maryland. By its execution hereof, the Buyer hereby agrees that jurisdiction and venue shall be proper in the Courts of Maryland or the United States District Court for
Maryland. 
  
 10.4. Construction. As used
in this Agreement, (a) the term “person” means a natural person, a trustee, a corporation, a partnership, a limited liability company and any other 

  

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form of legal entity; and (b) all references made (i) in the neuter, masculine or feminine gender shall be deemed made in all such genders, (ii) in the
singular or plural number shall be deemed made, respectively, in the plural or singular number as well, (iii) to the Seller or the Buyer shall be deemed to refer to each person so named above and, subject to the provisions of Section 10.7, its
respective successors and assigns, and (iv) to any Section or subsection shall, unless expressly stated to the contrary therein, be deemed made to such Section or subsection of this Agreement. The headings of all Sections, subsections, paragraphs,
and subparagraphs are provided only for convenience of reference, and shall not be considered in construing their contents. Any writing or plat referred to in this Agreement as being attached as an exhibit or otherwise designated as an exhibit to
this Agreement is made a part of this Agreement. This Agreement may be executed in counterparts, each of which shall be deemed an original and all of which when taken together, shall constitute one and the same instrument. 
  
 10.5. Binding Effect. This Agreement shall be binding
on and inure to the benefit of the parties hereto and, subject to the provisions of Section 10.7, their respective successors and assigns in interest hereunder. 
  
 10.6. Time of Essence. Time shall be of the essence of this Agreement, except that, whenever the last
day for a party’s exercise of any right or discharge of any obligation hereunder is a Saturday, Sunday or statutory holiday, such party shall have until the next day other than a Saturday, Sunday or statutory holiday to exercise such right or
discharge such obligation. 
  
 10.7.
Assignment. The Buyer shall not assign any or all of its rights under this Agreement without first obtaining the Seller’s express, written consent thereto, which consent may be given or withheld in the sole and absolute discretion of the
Seller. 
  
 10.8. Recordation. This
Agreement may not be recorded by either party. 
  
 10.9 Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be an original, but all of which, when taken together, shall constitute one document. 
  

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 IN WITNESS WHEREOF, each party hereto has executed this Agreement the day and year set forth below
such party’s signature. 
  

									
	WITNESS:	 	 	 	 BOARD OF COUNTY COMMISSIONERS OF GARRETT COUNTY

				
	/s/ CM Wellis	 	 	 	By:	 	 /s/ Ernest J. Gregg

	 Name:
	 	 CM Wellis
	 	 	 	 Name:
	 	 Ernest J. Gregg

	 	 	 	 	 	 	 Title:
	 	 Chairman

			
	WITNESS:	 	 	 	 AMERICAN WOODMARK CORPORATION

				
	 	 	 	 	By:	 	 /s/ Glenn Eanes

	 Name:
	 	 	 	 	 	 Name:
	 	 Glenn Eanes

	 	 	 	 	 	 	 Title:
	 	 Vice President & Treasurer

  
 The Department of
Business and Economic Development (“DBED”) joins in this Agreement for the sole purpose of acknowledging that it has agreed to make a $1,750,000 Maryland Economic Development Assistance Authority and Fund grant (the “Grant”) to
the Seller, the proceeds of which are to be regranted to the Buyer to assist with the development of the Property. Further, DBED acknowledges that it has agreed to disburse up to $1,000,000 of the Grant to the Seller to reimburse the Buyer for up to
$1,000,000 of general development costs incurred by the Buyer during the right of entry period specified in Section 6 of this Agreement regardless of whether the Buyer ultimately acquires the Property under the terms of this Agreement. 

 

			
	 DEPARTMENT OF BUSINESS AND ECONOMIC DEVELOPMENT

		
	By:	 	 /s/ Aris Melissaratos

	 Name:
	 	 Aris Melissaratos

	 Title:
	 	 Secretary

  

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 CONTRACT OF SALE 
  
 EXHIBIT A 
  
 Description of Land 
  

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 HIGHLAND ENGINEERING & SURVEYING, INC. 
  
 1426 MEMORIAL DRIVE 
 OAKLAND, MARYLAND 21550 
 301-334-6185 
 (FAX) 301-334-8317 
  
 Description For Deed 
 November 2004 
  
 ...all that certain tract, piece or parcel of lands and premises situate, lying and being in
Election District 3 of Garrett County, Maryland, which is more particularly described as follows: 
  
 Beginning for the same at a 5/s” rebar found marking the northeastern corner of lands of Robert Oester (Liber 250, page 75) thence with said lands 
  
 South 76°35’Sl” West 256.90 feet to a  5/g” rebar found, thence 
  
 North 1°18’42” West 676.14 feet with lands of Herbert W. Butler (Liber 383, page 457) to a concrete monument found, thence two courses with lands of the State of Maryland (Liber 187, page 553)

  
 North 0°36’35” West 1226.90 feet to a 2”
pipe found, 
  
 South 83 59’26” East 724.30 feet to a
 1/2” rebar set, thence eight courses through lands of Board of County Commissioners of Garrett County,
Maryland 
  
 South 15°07’SB” East 240.24 feet
to a  1/2” rebar set, 
  
 South 81°51’44” East 138.37 feet to a  1/2” rebar set, 
  
 South 34°41’18” East 150.78 feet to a  1/2” rebar set, 
  
 South 5°37’50” West 129.31 feet to a  1/2” rebar set,

  
 South 46°49’31” West 116.78 feet to a
 1/2” rebar set, 
  
 South 0°09’40” West 1175.42 feet to a  1/2” rebar set, 
  
 South 86°34’48” West 465.45 feet to a  1/2” rebar set, 
  
 North 83°00’09” West 162.84 feet to the beginning, containing 36.873 acres, more or less. As shown on a plat recorded among the Land Records of Garrett County, Maryland in Plat Case DKM 2, file 351.

  
 Being part of the lands described in a conveyance from the
State of Maryland to the Board of County Commissioners of Garrett County, Maryland by deed recorded October 28, 2003 among the Land Records of Garrett County, Maryland in Liber 1007 at page 279. 

 Richard E. Skipper, Property Line Surveyor #351 
  

 10MANAGEMENT CONTRACT

 Exhibit 10.8 (h) 
  
 EMPLOYMENT AGREEMENT 
  
 THIS AGREEMENT, made as of June 13, 2005, between Mr. James Gosa, (the “Employee”) and American Woodmark Corporation, a Virginia corporation
(the “Company”). 
  
 WHEREAS, the Company desires to
assure that it will have the benefit of the continued service and experience of the Employee, who is an integral part of the Company’s senior management, and the Employee is willing to enter into an agreement to such end upon the terms and
conditions set forth in this Agreement. 
  
 NOW, THEREFORE, in
consideration of the foregoing and the mutual agreements herein contained, the parties agree as follows: 
  
 1. Employment. The Company hereby employs the Employee and the Employee hereby accepts employment upon and agrees to the terms and conditions set
forth herein. 
  
 2. Term. The term of employment under
this Agreement (the “Term”) shall commence upon execution of this Agreement by both parties and end on December 31, 2006; provided, however, that beginning on January 1, 2006, and each January 1 thereafter, the Term of this Agreement shall
automatically be extended for one additional calendar year unless, on or before November 1 of the preceding year, either party gives notice that employment under this Agreement will not be so extended; and further provided that if a Change of
Control (as defined below) occurs during the original or extended term of this Agreement, this Agreement shall continue in effect for a period of 24 months beyond the month in which the Change of Control occurred. 
  
 Notwithstanding the foregoing, as provided in Section 7(c), this Agreement
shall terminate immediately upon the Employee’s death, disability or retirement, or if the Employee voluntarily terminates his employment under circumstances to which Section 7(d) does not apply. 
  
 3. Compensation. 
  
 a. Salary. During the Employee’s employment
hereunder, the Company shall pay the Employee for all services rendered by the Employee a base salary at an annual rate of at least $610,000, with upward annual adjustments as the Company shall deem appropriate from time to time and as approved
according to the general practices of and under the authority levels required by the Company. Such salary shall be payable to the Employee in accordance with the Company’s usual payroll practices for salaried employees. 
  
 b. Annual Cash Bonus. In addition to base salary, the
Employee shall be eligible to participate in the Company’s annual incentive program with a bonus opportunity of between 0% and 150% of the Employee’s base salary. The actual amount of such bonus for any fiscal year shall be related to the
achievement of certain performance objectives to be set at the 

  

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beginning of each fiscal year by the Board of Directors of the Company (the “Board”). Nothing in this Agreement, however, shall be construed as a
guarantee of an annual payment of the annual cash bonus. 
  
 c. Other Executive Compensation Benefits. The Employee shall also be covered by any other executive compensation policies, benefits, plans, or programs as are afforded generally by the Company from time to time
to its senior personnel, including but not limited to grants of stock options and shareholder value units and participation in the American Woodmark Corporation Pension Restoration Plan. Nothing in this Agreement, however, shall be construed as a
guarantee that the Board or the Compensation Committee of the Board (the “Committee”) will approve any level of such benefits that are at the sole discretion of the Board or the Committee. 
  
 d. Other Salaried Benefits. The Employee shall also
be covered by any employee benefit plans, policies, or programs as are generally available from time to time to other salaried employees of the Company. 
  
 4. Duties. The Employee shall continue to perform his duties as President and Chief Executive Officer of the Company and shall faithfully and to
the best of his ability perform such duties and responsibilities as may be reasonably assigned by the Board. 
  
 5. Extent of Services. During the Employee’s employment hereunder, the Company expects and the Employee agrees that the Employee shall devote
sufficient time, attention and energy to the business of the Company so as to adequately fulfill his assigned duties and responsibilities. Furthermore, the Company and the Employee agree that the business of the Company shall take reasonable
priority over any other active business engaged in by the Employee. 
  
 6. Restrictive Covenants. 
  
 a.
Non-competition Restriction. Except with the prior written consent of the Company, the Employee shall not, either during his employment hereunder or for the period of time after termination of his employment hereunder during which the
Employee accepts severance payments pursuant to Section 7(b) (if applicable), directly or indirectly manage, operate, control, be employed by, participate in, consult with, render services to, or be connected in any manner with the management,
operation, ownership or control of any business or venture in competition in the United States with the business of the Company. For purposes of this Section 6(a), a business or venture shall be deemed to be in competition with the business of the
Company if that business or venture or any of its affiliates manufactures, distributes, or otherwise engages in the design, sale, or transportation of cabinets for residential use, including but not limited to, such cabinet products intended for
primary use in the kitchen or bathroom. Nothing in this Section 6(a), however, shall prohibit the Employee from owning securities of the Company or from owning as an inactive investor up to 5% of the outstanding voting securities of any issuer which
is listed on the New York or American Stock Exchange or as to which trading is reported or quoted on the NASDAQ system. If the Employee elects to directly or indirectly manage, operate, control, be employed by, participate in, consult with, render
services to, or be 

  

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connected in any manner with the management, operation, ownership or control of any business or venture which is in competition in the United States with the
business of the Company, the Employee acknowledges that the Company is entitled to immediately terminate any and all severance payments being made pursuant to Section 7(b), if any, and other benefits payable under this Agreement as a result of the
Employee’s termination of employment under the conditions set forth in Section 7(b). 
  
 b. Non-solicitation Agreement. Except with the prior written consent of the Company, the Employee shall not directly or indirectly
hire or employ in any capacity or solicit the employment of or offer employment to or entice away or in any other manner persuade or attempt to persuade any person employed by the Company or any of its subsidiaries to leave the employ of any of
them. This Agreement shall remain in full force and effect for a period of 18 months after the end of the Term. 
  
 c. Confidential Information. The Employee further agrees to keep confidential, and not to use for his personal benefit or for any
other person’s benefit, any and all proprietary information received by the Employee relating to inventions, products, production methods, financial matters, sources of supply, markets, marketing methods and customers of the Company in
existence on the date hereof or developed by or for the Company during the Term. This Section 6(c) shall remain in full force and effect after the Term without limit in point of time, but shall cease to apply to information that legitimately comes
into the public domain. 
  
 d. Specific
Enforcement. It is agreed and understood by the parties hereto that, in view of the nature of the business of the Company, the restrictions in Sections 6(a), (b) and (c) above are reasonable and necessary to protect the legitimate interests of
the Company, monetary damages alone are not an adequate remedy for any breach of such provisions, and any violation thereof would result in irreparable injuries to the Company. The Employee therefore acknowledges that, in the event of his violation
of any of such restrictions, the Company shall be entitled to obtain from any court of competent jurisdiction preliminary and permanent injunctive relief as well as damages and an equitable accounting of all earnings, profits and other benefits
arising from such violation, which rights shall be cumulative and in addition to any other rights or remedies to which the Company may be entitled. 
  
 e. Severability and Extension. If the period of time or the area specified in Section 7(a) above is determined to be unreasonable
in any proceeding, such period shall be reduced by such number of months or the area shall be reduced by the elimination of such portion thereof, or both, so that such restrictions may be enforced for such time and in such area as is determined to
be reasonable. If the Employee violates any of the restrictions contained in Section 7(a) above, the restrictive period shall not run in favor of the Employee from the time of the commencement of any such violation until such time as such violation
shall cease. 
  
 7. Termination of Employment and Severance
Payments. 
  
 a. Termination for
Cause. During the Term, the Company may terminate the Employee’s employment under this Agreement at any time for Cause (as hereinafter defined) upon written notice specifying the Cause and the date of termination. Payments under this

  

 3 

 
Agreement shall cease as of the date of termination for Cause. For purposes of this Agreement, “Cause” means neglect of duty which is not corrected
after 90 days’ written notice thereof; misconduct, malfeasance, fraud, or dishonesty which materially and adversely affects the Company or its reputation in the industry; or the conviction for, or the entering of a plea of Nolo Contendere to, a
felony or a crime involving moral turpitude. 
  
 b. Termination without Cause. During the Term, the Company may terminate the Employee’s employment under this Agreement at any time for any reason other than Cause upon written notice specifying the date of termination. If on an
effective date that is during the Term, the Company terminates the Employee’s employment for reasons other than Cause (which includes but is not limited to termination by the Company for what the Company believes to be Cause when it is
ultimately determined that the Employee was terminated without Cause), then the Company shall pay the Employee severance payments equal to his base salary for a period of 18 months. For purposes of the preceding sentence, the Employee’s base
salary shall be equal to the greater of (i) the base salary in effect on the date of termination or (ii) the Employee’s highest base salary rate in effect during the Term of this Agreement. Severance payments shall be made in accordance with
the Company’s usual payroll practices for salaried employees over a period consistent with the period of severance as defined above. 
  
 c. Termination in Event of Death, Disability, Retirement or Voluntary Quit. If the Employee dies, becomes disabled, or retires
during the Term, or if the Employee voluntarily terminates his employment during the Term under circumstances to which Section 7(d) does not apply, his employment under this Agreement shall terminate immediately and payment of his base salary
hereunder shall cease as of the date of termination; provided, however, that the Company shall remain liable for payment of any compensation owing but not paid as of the date of termination for services rendered before termination of employment. For
purposes of this Agreement, the Employee shall be deemed to be disabled if the Company determines, with the assistance of independent experts selected by the Company, that the Employee is unable to perform his duties hereunder for any period of
three consecutive months or for six months in any twelve-month period. 
  
 d. Termination on Change of Control. By delivering 15 days’ written notice to the Company, the Employee may terminate his employment under this Agreement for any reason at any time within two years after a
Change of Control. For purposes of this Agreement, “Change of Control” means an event described in (i), (ii), (iii), or (iv): 
  
 (i) The acquisition by a Group of Beneficial Ownership of 20% or more of the Stock or the Voting Power of the Company, but excluding for
this purpose: (A) any acquisition of Stock by the Company (or a subsidiary), or an employee benefit plan of the Company; (B) any acquisition of Stock by management employees of the Company; or (C) the ownership of Stock by a Group that owns 10% or
more of the Stock or Voting Power of the Company on the date of this Agreement; provided, however, that the acquisition of additional Stock by any such Group other than management employees in an amount greater than 5% of the then outstanding Stock
shall not be excluded and shall constitute a Change of Control. 
  

 4 

 (ii) Individuals who constitute the Board of Directors of the Company on the date of this
Agreement (the “Incumbent Board”) cease to constitute at least a majority of the Board of Directors of the Company, provided that any director whose nomination was approved by a majority of the Incumbent Board shall be considered a member
of the Incumbent Board unless such individual’s initial assumption of office is in connection with an actual or threatened election contest. 
  
 (iii) Approval by the shareholders of the Company of a reorganization, merger or consolidation, in each case, in which the owners of 100%
of the Stock or Voting Power of the Company do not, following such reorganization, merger or consolidation, beneficially own, directly or indirectly, more than 50% of the Stock or Voting Power of the corporation resulting from such reorganization,
merger or consolidation. 
  
 (iv) A complete
liquidation or dissolution of the Company or the sale or other disposition of all or substantially all of the assets of the Company. 
  
 (v) For purposes of this Agreement, “Group” means any individual, entity or group within the meaning of Section 13(d)(3) or
14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Act”); “Beneficial Ownership” has the meaning in Rule 13d-3 promulgated under the Act; “Stock” means the then outstanding shares of common stock of the
Company; and “Voting Power” means the combined voting power of the outstanding voting securities entitled to vote generally in the election of directors. 
  
 e. Severance Payments. If the Employee terminates his employment within two years after a Change of
Control pursuant to Section 7(d), or if the Company terminates the Employee’s employment for any reason other than Cause (as defined in Section 7(a)) either within three months before or within two years after a Change of Control, the Employee
shall be entitled to a severance payment under this Section 7(e) equal to 2.99 times the sum of (i) the Employee’s annual base salary in effect at the termination of employment or, if greater, the Employee’s largest annual base salary rate
in effect during the term of this Agreement, plus (ii) an amount equal to the greater of the average of the bonuses paid to the Employee for the three fiscal years preceding the year in which employment is terminated or 60% of the maximum eligible
annual cash bonus for the year of termination. This severance payment shall be made to the Employee in a single lump sum within 10 business days of the date of the Employee’s termination of employment. Notwithstanding the preceding sentence, if
the independent accountants acting as auditors for the Company on the date of the Change of Control determine that such single payment, together with other compensation received by the Employee that is contingent on a Change of Control, would
constitute “excess parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended, and regulations thereunder, the single payment to the Employee shall be reduced to the maximum amount which may be
paid without such payments in the aggregate constituting “excess parachute payments.” 
  
 8. Vacation. During the Term, the Employee shall be entitled to a vacation in each calendar year in accordance with the Company’s policy;
during this vacation, his compensation shall be paid in full. 
  

 5 

 9. Insurance. In accordance with Section 3(d), while he is employed by the Company, the Employee
and his eligible dependents as insureds shall be covered under existing insurance policies on the same terms and conditions as offered to all full-time salaried employees. In accordance with Company policy, coverage under the Company’s
insurance policies terminates on the date that employment terminates. If the Company terminates the Employee’s employment during the Term of this Agreement for any reason except Cause, or if the Employee terminates his employment within two
years following a Change of Control as contemplated by Section 7(d), the Company shall reimburse the Employee for the required COBRA premiums to the extent the Company subsidizes the premium for active salaried employees for a period not to exceed
18 months so long as the Employee is not eligible for coverage under any other group medical plan. If the Employee becomes eligible for coverage under another group medical plan, the Company shall cease reimbursement for COBRA premiums on the date
the Employee first becomes eligible for coverage under the other plan. The Company’s reimbursement for COBRA premiums shall include a gross-up amount for tax liability at the Employee’s incremental tax rate. Nothing in this Section 9 shall
be interpreted to prohibit the Company from changing or terminating any benefit package or program at any time and from time to time so long as the benefits hereunder, considered in the aggregate, are comparable at any given time to the benefits
provided to similarly situated employees of the Company at that time. 
  
 10. Notice. All notices, requests, demands and other communications hereunder shall be in writing and shall be effective upon the mailing thereof by registered or certified mail, postage prepaid, and addressed as set forth below:

  

	 	a.	If to the Company: 

  
 Mr. Kent Guichard 
 Senior Vice President

 American Woodmark Corporation 
 3102 Shawnee Drive 
 Winchester, VA 22601 
  

	 	b.	If to the Employee: 

  
 Mr. James Gosa 
 325 Windsor Lane 

Winchester, VA 22601 
  
 Any party may change the address to which notices are to be sent by giving the other party written notice in the manner herein set forth. 
  
 11. Waiver of Breach. Waiver by either party of a breach of any
provision of this Agreement by the other shall not operate as a waiver of any subsequent breach by such other party. 
  

 6 

 12. Entire Agreement. This Agreement contains the entire agreement of the parties in this matter
and supersedes any other agreement, oral or written, concerning the employment or compensation of the Employee by the Company. It may be changed only by an agreement in writing signed by both parties hereto. 
  
 13. Governing Law. This Agreement shall be governed by the laws of the
Commonwealth of Virginia, without regard to its choice of law provisions. 
  
 14. Benefit. This Agreement shall inure to the benefit of, and shall be binding upon, and shall be enforceable by and against the Company, its successors and assigns, and the Employee, his heirs, beneficiaries
and legal representatives. 
  
 IN WITNESS WHEREOF, the Employee
and the Company have executed this Agreement as of the day and year above written. 
  

			
	AMERICAN WOODMARK CORPORATION
		
	By:	 	 /s/ Jonathan Wolk

	 	 	 Mr. Jonathan Wolk

	 	 	 Chief Financial Officer and Corporate Secretary

	
	EMPLOYEE
		
	 	 	 /s/ James Gosa

	 	 	 Mr. James Gosa

	 	 	 President and Chief Executive Officer

  

 7

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