Document:

Resignation Agreement between Registrant and Larry D. Stordahl

 Exhibit 10.22 
  
 RESIGNATION AGREEMENT 
  
 THIS RESIGNATION AGREEMENT (this “Agreement”) is made, entered into, and effective as of February 27, 2004 (the “Resignation Date”),
by and between Apogee Enterprises, Inc. (the “Company”), a Minnesota corporation, and Larry D. Stordahl (the “Executive”). 
  
 WITNESSETH: 
  
 WHEREAS, prior to the Resignation Date, Executive was employed as an Executive Vice President of the Company and as interim President of Viratec
Thin Films, Inc. (“Viratec”), a wholly-owned subsidiary of the Company; 
  
 WHEREAS, effective on the Resignation Date, Executive resigned as an employee of the Company and Viratec, and from any and all offices of the Company, and any other position, office, or directorship of any
other entity for which Executive was serving at the request of the Company; and 
  
 WHEREAS, the Company accepts Executive’s resignation effective as of the Resignation Date; and 
  
 WHEREAS, the Company and Executive desire to set forth the payments and benefits that Executive will be entitled to receive from the Company in
connection with his resignation from employment with the Company and Viratec; and 
  
 WHEREAS, the Company and Executive wish to resolve, settle, and/or compromise certain matters, claims, and issues between them, including, without limitation, Executive’s resignation from the offices he
held and from his employment with the Company and Viratec. 
  
 NOW, THEREFORE, in consideration of the promises and agreements contained herein and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, and intending to be legally bound, the
Company and Executive hereby agree as follows: 
  
 1.
Resignation. Executive hereby resigns, effective on the Resignation Date, his employment with the Company and its subsidiaries and related or affiliated companies, and his position as an Executive Vice President of the Company and
his position as interim President of Viratec. Executive further resigns, effective on the Resignation Date, (a) from all offices of the Company to which he has been elected by the Board of Directors of the Company (or to which he has otherwise been
appointed), (b) from all offices of any entity that is a subsidiary of, or is otherwise related to or affiliated with, the Company, (c) from all administrative, fiduciary, or other positions he may hold with respect to arrangements or plans for, of,
or relating to the Company, and (d) from any other directorship, office, or position of any corporation, partnership, joint venture, trust, or other enterprise (each, an “Other Entity”) insofar as Executive is serving in the directorship,
office, or position of the Other Entity at the request of the Company. The Company hereby consents to and accepts said resignations. 
  

 2. Payments and Benefits. As consideration for Executive’s promises and
obligations under this Agreement, including, but not limited to, Executive’s release of any and all claims against the Company as provided in paragraph 4, the Company agrees as follows: 
  
 a. Separation Payment. As a separation
payment, the Company shall pay Executive an amount equal to two hundred sixty-nine thousand and three hundred dollars ($269,300.00). This amount shall be paid to Executive in substantially equal bi-weekly installments on the Company’s regularly
scheduled pay days, commencing on or about March 11, 2004 and terminating on or about December 24, 2004. 
  
 b. COBRA Payment. The Company shall pay Executive an amount equal to nine thousand five hundred and four dollars ($9,504.00)
to compensate him for COBRA payments. This amount shall be paid to Executive in one (1) lump sum payable within thirty (30) days after Executive has returned this signed Agreement to the Company. 
  
 c. Partnership Plan. During his employment
with the Company, Executive was a participant in the Amended and Restated 1987 Apogee Enterprises, Inc. Partnership Plan (as amended to date, the “Partnership Plan”). Six thousand three hundred ninety-four (6,394) “Pool B” shares
allocated to Executive pursuant to the Partnership Plan are scheduled to vest in May 2004. These “Pool B” shares shall be deemed forfeited on the Resignation Date under the terms of the Partnership Plan and Executive shall be paid in cash,
in one (1) lump sum payable within thirty (30) days after Executive has returned this signed Agreement to the Company, an amount equal to the net value of the aggregate of (x) the Formula Price (as defined below) as of the Resignation Date,
multiplied by (y) the number of such “Pool B” shares, less any income or other tax withholdings required to be made by the Company in connection with such payment. 
  
 d. Stock Options. During his employment with the Company, Executive was granted options to
purchase shares of Apogee Common Stock pursuant to certain Stock Option Agreements and the terms of the Apogee Enterprises, Inc. 2002 Omnibus Stock Incentive Plan, or such other applicable plan as may have been in effect from time-to-time (the
“Stock Incentive Plan”). Executive has been granted twenty thousand eight hundred nineteen (20,819) options that would have vested in April 2004, but for Executive’s resignation. Such options shall terminate on the Resignation Date,
and Executive shall be paid in cash, in one (1) lump sum payable within thirty (30) days after Executive has returned this signed Agreement to the Company, an amount equal to the difference between the Formula Price (as defined below) as of the
Resignation Date, and the exercise price for all shares subject to such options which have an exercise price less than the Formula Price, multiplied by the number of such shares, less any income or other tax withholdings required to be made by the
Company in connection with such payment. 
  
 e. Outplacement. The Company shall provide Executive with outplacement assistance through a mutually agreed upon provider. The maximum amount the Company shall pay for outplacement assistance is ten thousand dollars
($10,000.00), and any and all payments for outplacement assistance shall be made by the Company directly to the provider, following the Company’s receipt of appropriate documentation. 
  
 f. Financial and Legal Services. The Company
shall reimburse Executive for financial and legal services incurred by him during calendar year 2004 in the maximum 

  

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amount of two thousand dollars ($2,000.00), and any such reimbursement shall be made by the Company to Executive within thirty (30) days of the
Company’s receipt of appropriate documentation. 
  
 g. Company Benefit Plans and Executive’s Eligibility, Rights, and Obligations Thereunder. Executive’s post-resignation eligibility for and rights and obligations with respect to any employee benefit as a past
employee of the Company under the Company’s retirement and welfare benefits plans (including, but not limited to, the Partnership Plan, the Stock Incentive Plan, the Apogee Enterprises, Inc. Supplemental Executive Retirement Plan, and the
Executive Supplemental Plan (i.e., the Restoration Plan)), other than as explicitly modified by this Agreement, shall be as set forth in the respective plan documents, and shall be based on his employment termination on the Resignation Date, and his
entitlement to the benefits for the period of his participation therein, and his rights and obligations thereunder, shall be determined pursuant to the express written terms and conditions thereof. 
  
 h. Formula Price. As used in this paragraph 2,
“Formula Price” shall mean the average closing price of one (1) share of Apogee Common Stock as reported on the NASDAQ National Market for the twenty (20) business days immediately preceding the Resignation Date. 
  
 i. Withholding. The Company shall withhold
such amounts from the payments described in this paragraph 2 as are required by applicable tax or other law. 
  
 3. Confidential Information; Return of Company Property. 
  
 a. Executive will keep in strict confidence, and will not, directly or indirectly, at any time,
disclose, furnish, disseminate, make available, or use any trade secrets or confidential business and technical information of the Company or its customers or vendors, regardless of when or how Executive may have acquired such information. Such
confidential information shall include, without limitation, the Company’s unique selling, manufacturing, and servicing methods and business techniques, training, service, and business manuals, promotional materials, training courses, and other
training and instructional materials, vendor and product information, customer and prospective customer lists, other customer and prospective customer information, and other business information. Executive specifically acknowledges that all such
confidential information, whether reduced to writing, maintained on any form of electronic media, or maintained in Executive’s mind or memory, and whether compiled by the Company and/or Executive, derives independent economic value from not
being readily known to or ascertainable by proper means by others who can obtain economic value from its disclosure or use, that reasonable efforts have been made by the Company to maintain the secrecy of such information, that such information is
the sole property of the Company and that any retention and use of such information by Executive after the Resignation Date shall constitute a misappropriation of the Company’s trade secrets. 
  
 b. Executive agrees to return to the Company, in good
condition, all property of the Company, including without limitation, the originals and all copies of any materials which contain, reflect, summarize, describe, analyze or refer or relate to any items of information listed in subparagraph 3.a of
this paragraph 3. In the event that such items are not so returned, the Company will have the right to charge Executive for all reasonable damages, costs, attorneys’ 

  

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fees, and other expenses incurred in searching for, taking, removing, and/or recovering such property. 
  
 4. Release by Executive. 
  
 a. Executive for himself and his dependents,
successors, assigns, heirs, executors, and administrators (and his and their legal representatives of every kind), hereby releases, dismisses, remisses, and forever discharges the Company from any and all arbitrations, claims (including claims for
attorneys’ fees), demands, damages, suits, proceedings, actions, and/or causes of action of any kind and every description, whether known or unknown, which Executive now has or may have had for, upon, or by reason of any cause whatsoever
(except that this release shall not apply to (x) the obligations of the Company arising under this Agreement and (y) Executive’s rights of indemnification by the Company, if any, pursuant to the Company’s certificate of incorporation or
by-laws or any agreement between the Company and Executive), against the Company (“claims”), including, but not limited to: 
  
 (i) any and all claims, directly or indirectly, arising out of or relating to: (A) Executive’s past employment or service with the
Company; (B) Executive’s resignation as an Executive Vice President of the Company and as interim President of Viratec and any other position described in paragraph 1 of this Agreement; and (C) any federal, state, or local laws, or any contract
or tort claim, whether legal or equitable, whether statutory or common law, arising from or relating to the Company’s and Viratec’s hiring of Executive, Executive’s employment with the Company and Viratec, and the cessation of
Executive’s employment with the Company and Viratec; 
  
 (ii) any and all claims of discrimination, including, but not limited to, claims of discrimination on the basis of sex, race, age, national origin, marital status, religion, or disability, including, specifically, but
without limiting the generality of the foregoing, any claims under Title VII of the Civil Rights Act, as amended, 42 U.S.C. § 2000e, et seq.; the Americans with Disabilities Act, 42 U.S.C. § 12101 et seq.; the Age
Discrimination in Employment Act, 29 U.S.C. §621, et seq.; the Older Workers’ Benefit Protection Act, 29 U.S.C. §626(f); the Family and Medical Leave Act, 29 U.S.C. §§ 2601 et seq.; the Employee Retirement and
Income Security Act, 29 U.S.C. § 1001 et seq.; and the Minnesota Human Rights Act, § 363.01 et seq. 
  
 (iii) any and all claims of wrongful or unjust discharge or breach of any contract or promise, express or implied; and 
  
 (iv) any and all claims under or relating to any and all
past and future employee compensation, employee benefit, employee severance, or employee incentive bonus plans and arrangements, all of which Executive agrees are forfeited upon his resignation; provided that he shall remain entitled to the amounts
and benefits described in paragraph 2 above. 
  
 b. Executive understands and acknowledges that the Company does not admit any violation of law, liability, or invasion of any of his rights and that any such violation, liability, or invasion is expressly denied. The consideration
provided under this Agreement is in exchange for Executive’s agreements to its terms and conditions and made for the purpose of 

  

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settling and extinguishing all claims and rights (and every other similar or dissimilar matter) that Executive ever had or now may have or ever will have
against the Company to the extent provided in this paragraph 4. Executive further agrees and acknowledges that no representations, promises, or inducements have been made by the Company other than as appear in this Agreement. 
  
 c. Executive further understands and acknowledges
that: 
  
 (i) Executive has been informed that
the terms of this Agreement shall be open for acceptance and execution by him for a period of twenty-one (21) days during which time he may consider whether to accept this Agreement. Executive agrees that changes to this Agreement, whether material
or immaterial, will not restart this acceptance period. No payments or benefits will be provided pursuant to paragraph 2 until at least sixteen (16) days after Executive has returned this signed Agreement to the Company; 
  
 (ii) Executive has been informed of his right to rescind
this Agreement as far as it extends to potential claims under the Minnesota Human Rights Act, § 363.01 et seq., by written notice to the Company within fifteen (15) calendar days following his execution of this Agreement. To be
effective, such written notice must be delivered either by hand or by mail to Patricia A. Beithon, Apogee Enterprises, Inc., 7900 Xerxes Avenue South, Suite 1800, Minneapolis, MN 55431-1159, within the fifteen (15)-day period. If a notice of
rescission is delivered by mail, it must be: 1) postmarked within the fifteen (15)-day period; 2) properly addressed to Ms. Beithon, as set forth above; and 3) sent by certified mail, return receipt requested; 
  
 (iii) Executive has been informed of his right to revoke
this Agreement as far as it extends to potential claims under the Age Discrimination in Employment Act, 29 U.S.C.§ 621 et seq., by informing the Company, through Ms. Beithon at the above referenced address, of his intent to revoke this
Agreement within seven (7) calendar days following his execution of this Agreement; 
  
 (iv) It is understood that, in the event a notice of rescission by Executive is timely delivered, pursuant to the terms of subparagraph
4.c of this paragraph 4, the Company may, at its discretion, either enforce the remaining provisions of this Agreement, or void the entire Agreement and require any payments made and/or benefits conferred as of that date to Executive be immediately
repaid by Executive to the Company; and 
  
 (v)
Executive has been advised by the Company to consult with legal counsel prior to executing this Agreement and the release provided for in this paragraph 4, has had an opportunity to consult with and to be advised by legal counsel of his choice,
fully understands the terms of this Agreement, and enters into this Agreement freely, voluntarily, and intending to be bound. 
  
 d. Executive will never file a lawsuit or other complaint asserting any claim that is released in this paragraph 4. 
  

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 e. Executive and the Company acknowledge that his resignation is by mutual
agreement between the Company and Executive, and that Executive waives and releases any claim that he has or may have to reemployment. 
  
 f. For purposes of the above provisions of this paragraph 4, the “Company” shall include its present and former
predecessors, subsidiaries, divisions, related or affiliated companies, officers, directors, stockholders, members, employees, heirs, successors, assigns, representatives, agents, accountants and counsel. 
  
 5. Disclosure. 
  
 a. Executive agrees that he will not disclose the
terms of this Agreement, other than to immediate family members, to legal, financial, or tax consultants, for professional use only, and to government agencies upon proper inquiry or pursuant to subpoena or court order. 
  
 b. Executive shall take no action with respect to the
Company’s common stock that is in violation of the federal securities laws. 
  
 6. Breach. 
  
 a. If Executive breaches any of the provisions of this Agreement (and in the case of a breach that is capable of being cured, fails to cure such breach within fifteen (15) days after written notice by the
Company to Executive specifying the circumstances that constitute such breach), then the Company may, at its sole option, immediately terminate all remaining payments and benefits described in this Agreement, and obtain reimbursement from Executive
of all payments already provided and/or benefits already conferred pursuant to paragraph 2 of this Agreement, plus any expenses and damages incurred as a result of the breach (including, without limitation, reasonable attorneys’ fees), with the
remainder of this Agreement, and all promises and covenants herein, remaining in full force and effect. 
  
 Notwithstanding the foregoing, the Company will not terminate pursuant to subparagraph 6.a of this paragraph 6 any benefits to which
Executive is entitled under any tax-qualified retirement plan of the Company, and Executive’s rights under Part 6 of Subtitle B of Title I of the Employee Retirement Income Security Act of 1974 as amended, if any, will not be reduced by any
action taken by the Company under subparagraph 6.a of this paragraph 6. 
  
 b. Executive may challenge any Company action under subparagraph 6.a above. 
  
 7. Successors and Binding Agreement. 
  
 a. This Agreement shall be binding upon and inure to the benefit of the Company and any successor of or to the Company, including,
without limitation, any persons acquiring, directly or indirectly, all or substantially all of the business and/or assets of the Company whether by purchase, merger, consolidation, reorganization, or otherwise (and such successor shall thereafter be
deemed included in the definition of “the Company” for purposes of this Agreement), but shall not otherwise be assignable or delegable by the Company. 
  

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 b. This Agreement shall inure to the benefit of and be enforceable by
Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, and/or legatees. 
  
 c. This Agreement is personal in nature and none of the parties hereto shall, without the consent of the other parties, assign,
transfer, or delegate this Agreement or any rights or obligations hereunder except as expressly provided in subparagraphs a and b of this paragraph 7. 
  
 d. This Agreement is intended to be for the exclusive benefit of the parties hereto, and, except as provided in subparagraphs a and
b of this paragraph 7, no third party shall have any rights hereunder. 
  
 8. Statements to Third Parties. Because the purpose of this Agreement is to settle amicably any and all potential disputes or claims among the parties, neither Executive nor the Senior Executives of the Company shall,
directly or indirectly, make or cause to be made any statements to any third parties criticizing or disparaging the other or commenting on the character or business reputation of the other. Furthermore, Executive agrees not to make any derogatory,
unfavorable, negative or disparaging statements concerning the Company and its affiliates, officers, directors, managers, employees, or agents, or its and their business affairs or performance. Executive further hereby agrees not: (a) to comment to
others concerning the status, plans, or prospects of the business of the Company, or (b) to engage in any act or omission that would be detrimental, financially or otherwise, to the Company, or that would subject the Company to public disrespect,
scandal, or ridicule. For purposes of this paragraph 8, the “Senior Executives of the Company” shall mean the Company’s directors and officers. 
  

9. Notices. For all purposes of this Agreement, all communications provided for herein shall be in writing and shall be deemed to
have been duly given when delivered, addressed to the Company at its principal executive offices and to Executive at his principal residence, or to such other address as any party may have furnished to the other in writing and in accordance
herewith. Notices of change of address shall be effective only upon receipt. 
  
 10. Miscellaneous. No provision of this Agreement may be modified, waived, or discharged unless such modification, waiver, or discharge is agreed to in writing signed by Executive and the Company.
No waiver by either party hereto at any time of any breach by the other party hereto or compliance with any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or
conditions at the same or at any prior or subsequent time. No agreements or representations, oral or otherwise, expressed or implied, with respect to the subject matter hereof have been made by any of the parties that are not set forth expressly in
this Agreement and every one of them (if, in fact, there have been any) is hereby terminated without liability or any other legal effect whatsoever. 
  
 11. Entire Agreement. This Agreement shall constitute the entire agreement among the parties hereto with respect to the subject
matter hereof and shall supersede all prior verbal or written agreements, covenants, communications, understandings, commitments, representations or warranties, whether oral or written, by any party hereto or any of its representatives pertaining to
such subject matter. 
  

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 12. Governing Law. Any dispute, controversy, or claim of whatever nature arising out
of or relating to this Agreement or breach thereof shall be governed by and under the laws of the State of Minnesota. The parties agree that any and all disputes, controversies, or claims of whatever nature arising out of or relating to this
Agreement or breach thereof shall be resolved by a court of general jurisdiction in the State of Minnesota, and the parties hereby consent to the exclusive jurisdiction of such court in any action or proceeding arising under or brought to challenge,
enforce, or interpret any of the terms of this Agreement. 
  
 13. Validity. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall nevertheless remain in full force
and effect. 
  
 14. Counterparts. This
Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same Agreement. 
  
 15. Captions and Paragraph Headings. Captions and paragraph headings used herein are for convenience
and are not part of this Agreement and shall not be used in construing it. 
  
 16. Further Assurances. Each party hereto shall execute such additional documents, and do such additional things, as may reasonably be requested by the other party to effectuate the purposes and
provisions of this Agreement. 
  
 IN WITNESS WHEREOF, the
parties have executed and delivered this Agreement as of the date first set forth above. 
  

									
	 	 	 	 	 APOGEE ENTERPRISES, INC.

					
	 	 	 	 	 	 	 By:
	 	 /s/ Russell Huffer

	 	 	 	 	 	 	 	 	

	 	 	 	 	 	 	 	 	 Russell Huffer

	 	 	 	 	 	 	 Its:
	 	 Chairman, Chief Executive Officer, and President

				
	 	 	 	 	 	 	 Date: 2/17/04

				
	 Witness:
	 	 /s/ Lajean K. Behne
	 	 	 	 /s/ Larry D. Stordahl

	 	 	
	 	 	 	

	 	 	 	 	 	 	 Larry D. Stordahl

			
	 Date: 2/17/04
	 	 	 	 Date: 2/17/04

  

 8Apogee Enterprises Employee Stock Purchase Plan

 Exhibit 10.23 
  
 APOGEE ENTERPRISES, INC. 
 2000
EMPLOYEE STOCK PURCHASE PLAN 
 (Amended and Restated Effective as of May 1, 2003) 
  
 ARTICLE I. INTRODUCTION 
  
 Section 1.01 Purpose. The purpose of the Plan is to encourage and
assist employees and directors of the Company and certain related corporations in acquiring an ownership interest in the Company through the systematic purchase of the Common Stock of the Company under convenient and advantageous terms. It is
believed that the Plan will encourage participants to put forth their best efforts toward the profitability of the Company. 
  
 Section 1.02 Effect on Prior Plans. From and after the Commencement Date (as defined in Section 9.02 below) the Apogee Enterprises, Inc. Employee
Stock Purchase Plan (the “Prior Plan”) shall terminate. All outstanding accounts administered under the Prior Plan shall, as of the Commencement Date, automatically become Stock Purchase Accounts under this Plan and be administered
according to the provisions of this Plan. 
  
 Section 1.03
Definitions. For purposes of the Plan, the following terms will have the meanings set forth below: 
  
 (a) “Acceleration Date” means the earlier of the date of shareholder approval or approval by the Company’s Board of
Directors of (i) any consolidation or merger of the Company in which the Company is not the continuing or surviving corporation or pursuant to which shares of Company Common Stock would be converted into cash, securities or other property, other
than a merger of the Company in which shareholders of the Company immediately prior to the merger have substantially the same proportionate ownership of stock in the surviving corporation immediately after the merger; (ii) any sale, exchange or
other transfer (in one transaction or a series of related transactions) of all or substantially all of the assets of the Company; or (iii) any plan of liquidation or dissolution of the Company. 
  
 (b) “Affiliate” means any subsidiary
corporation of the Company, as defined in Section 424(f) of the Code, whether now or hereafter acquired or established. 
  
 (c) “Code” means the Internal Revenue Code of 1986, as amended. 
  
 (d) “Committee” means the committee
described in Section 10.01 of the Plan. 
  
 (e)
“Common Stock” means the Company’s Common Stock, par value $.33-1/3 per share, as such stock may be adjusted for changes in the stock or the Company as contemplated by Article XI of the Plan. 
  
 (f) “Company” means Apogee Enterprises,
Inc., a Minnesota corporation, and its successors by merger or consolidation as contemplated by Section 11.02 of the Plan. 
  

 (g) “Current Compensation” means all regular wage, salary, commission
payments and retainer fees paid by the Company or a Participating Affiliate to a Participant in accordance with the terms of his or her employment or service as a director, but excluding annual bonus payments and all other forms of special
compensation. 
  
 (h) “Fair Market
Value” as of a given date means the fair market value of the Common Stock determined by such methods or procedures as shall be established from time to time by the Committee, but shall not be less than, if the Common Stock is then quoted on
the NASDAQ National Market System, the average of the high and low sales price as reported on the NASDAQ National Market System on such date or, if the NASDAQ National Market System is not open for trading on such date, on the most recent preceding
date when it is open for trading. If on a given date the Common Stock is not traded on an established securities market, the Committee shall make a good faith attempt to satisfy the requirements of this Section 1.03(h) and in connection therewith
shall take such action as it deems necessary or advisable. 
  
 (i) “Participant” means a Regular Employee who is eligible to participate in the Plan under Section 2.01 of the Plan and who has elected to participate in the Plan. 
  
 (j) “Participating Affiliate” means an
Affiliate whose eligible Regular Employees may participate in the Plan that was (i) an Affiliate on the date that this Plan was adopted or (ii) an Affiliate that was acquired after the Plan was adopted and which has been designated by the Committee
in advance of the Purchase Period in question as a corporation whose eligible Regular Employees may participate in the Plan. 
  
 (k) “Plan” means the Apogee Enterprises, Inc. 2000 Employee Stock Purchase Plan, as it may be amended, the provisions of
which are set forth herein. 
  
 (k) “Plan
Custodian” means the entity appointed by the Committee to receive and take custody of the funds contributed by the Participants and the Company and any Participating Affiliates and to carry out any additional duties of the Plan Custodian as
set forth in the Plan. 
  
 (l) “Purchase
Period” means the period beginning on the first business day of each calendar month and ending on the last business day of the same calendar month; provided, however, that the then-current Purchase Period will end upon the occurrence of an
Acceleration Date. 
  
 (m) “Regular
Employee” means (i) an employee of the Company or a Participating Affiliate as of the first day of a Purchase Period, including a union employee, but excluding an employee whose customary employment is less than 30 hours per week or (ii) a
non-employee director of the Company. 
  
 (n)
“Stock Purchase Account” means the account maintained by the Plan Custodian recording the number of full and fractional shares allocated to a Participant based on the amount received from each Participant through payroll deductions
made under the Plan and the Company’s or the Participating Affiliate’s contribution made under the Plan. 
  

 ARTICLE II. ELIGIBILITY AND PARTICIPATION 
  
 Section 2.01 Eligible Employees. All Regular Employees who have
reached the age of 18 years shall be eligible to participate in the Plan beginning on the first day of the first Purchase Period to commence after such person becomes a Regular Employee. Subject to the provisions of Article VI of the Plan, each such
employee will continue to be eligible to participate in the Plan so long as he or she remains a Regular Employee. 
  
 Section 2.02 Election to Participate. An eligible Regular Employee may elect to participate in the Plan for a given Purchase Period by filing with
the Company, in advance of that Purchase Period and in accordance with such terms and conditions as the Committee in its sole discretion may impose, a form provided by the Company for such purpose (which authorizes regular payroll deductions from
Current Compensation in that Purchase Period and continuing until the employee withdraws from the Plan or ceases to be eligible to participate in the Plan). 
  
 Section 2.03 Voluntary Participation. Participation in the Plan on the part of a Participant is voluntary and such participation is not a condition
of employment nor does participation in the Plan entitle a Participant to be retained as an employee of the Company or any Participating Affiliate. 
  
 ARTICLE III. PAYROLL DEDUCTIONS AND STOCK PURCHASE ACCOUNT 
  

Section 3.01 Deductions from Pay. The form described in Section 2.02 of the Plan will permit a Participant to elect payroll deductions of any
multiple of $1 per week but not more than $500 per week of such Participant’s Current Compensation, subject to such other limitations as the Committee in its sole discretion may impose. A Participant may increase, decrease or cease making
payroll deductions at any time, subject to such limitations as the Committee in its sole discretion may impose. 
  
 Section 3.02 Credit to Account. Payroll deductions will be remitted at the end of each Purchase Period to the Plan Custodian and credited to the
Participant’s Stock Purchase Account. At such time, the Company or the Participating Affiliate will contribute, and remit to the Plan Custodian, an amount equal to 15% of the contribution amount of each Participant for the Purchase Period and
such amount will be credited to each Participant’s Stock Purchase Account at the end of the Purchase Period. 
  
 Section 3.03 Interest. No interest will be paid on payroll deductions or on any other amount credited to, or on deposit in, a Participant’s
Stock Purchase Account. 
  
 Section 3.04 No Additional
Contributions. A Participant may not make any payment into the Stock Purchase Account other than the payroll deductions made pursuant to the Plan. 
  
 Section 3.05 Nature of Account. The Stock Purchase Account is established solely for accounting purposes, and all dollar amounts credited to the
Stock Purchase Account will remain part of the general assets of the Company or the Participating Affiliate (as the case may be). 
  

 ARTICLE IV. RIGHT TO PURCHASE SHARES 
  
 Section 4.01 Number of Shares. Each Participant will have the right to purchase on the last business day of the
Purchase Period all, but not less than all, of the number of whole and fractional shares of Common Stock that can be purchased at the price specified in Section 4.02 of the Plan with the entire credit balance in the Participant’s Stock Purchase
Account. 
  
 Section 4.02 Purchase Price. The purchase
price for any Common Stock purchased under the Plan shall be the price paid in the open market by the Plan Custodian for the relevant Purchase Period on behalf of all Participants in the Plan. 
  
 ARTICLE V. EXERCISE OF RIGHT 
  
 Section 5.01 Purchase of Stock. Following the last business day of a
Purchase Period, the entire credit balance in each Participant’s Stock Purchase Account will be used to purchase the number of whole shares and fractional shares of Common Stock purchasable with such amount, unless the Participant has notified
the Company, in advance of that date and subject to such terms and conditions as the Committee in its sole discretion may impose, of the Participant’s election to receive the distribution of the entire credit balance in cash. 
  
 Section 5.02 Reports to Participants. The Plan Custodian will issue
quarterly statements to each Participant showing the number of shares purchased for his or her Stock Purchase Account in the preceding quarter and the total number of shares in the Participant’s Stock Purchase Account. 
  
 Section 5.03 Notice of Acceleration Date. The Company shall use
reasonable commercial efforts to notify each Participant in writing at least ten days prior to any Acceleration Date that the then-current Purchase Period will end on such Acceleration Date. 
  
 ARTICLE VI. WITHDRAWAL FROM PLAN; SALE OF STOCK 
  
 Section 6.01 Voluntary Withdrawal. A Participant may, in accordance
with such terms and conditions as the Committee in its sole discretion may impose, withdraw from the Plan and cease making payroll deductions by filing with the Company a form provided for this purpose. A Participant who withdraws from the Plan will
not be eligible to reenter the Plan for a period of at least six months after the date of such withdrawal. 
  
 Section 6.02 Death. Subject to such terms and conditions as the Committee in its sole discretion may impose, upon the death of a Participant, no
further amounts shall be credited to the Participant’s Stock Purchase Account. Thereafter, on the last business day of the Purchase Period during which such Participant’s death occurred and in accordance with Section 5.01 of the Plan, the
entire credit balance in such Participant’s Stock Purchase Account will be used to purchase shares of Common Stock, unless such Participant’s estate has notified the Company, in advance of that day and subject to such terms and conditions
as the Committee in its sole discretion may impose, of its election to have the entire credit balance in such Participant’s Stock Purchase Account distributed in cash within 30 days after the end of that Purchase Period or at such earlier time
as the Committee in its sole discretion may decide. Each Participant, however, may designate one or more beneficiaries who, upon death, are to receive the Common Stock or 

  

 
the amount that otherwise would have been distributed or paid to the Participant’s estate and may change or revoke any such designation from time to
time. No such designation, change or revocation will be effective unless made by the Participant in writing and filed with the Company during the Participant’s lifetime. Unless the Participant has otherwise specified the beneficiary
designation, the beneficiary or beneficiaries so designated will become fixed as of the date of the Participant’s death so that, if a beneficiary survives the Participant but dies before the receipt of the payment due such beneficiary, the
payment will be made to such beneficiary’s estate. 
  
 Section 6.03 Termination of Employment. Subject to such terms and conditions as the Committee in its sole discretion may impose, upon a Participant’s termination of employment with the Company or a Participating Affiliate, no
further amounts shall be credited to the Participant’s Stock Purchase Account. Thereafter, on the last business day of the Purchase Period during which such Participant’s termination of employment occurred and in accordance with the Plan,
the entire credit balance in such Participant’s Stock Purchase Account will be used to purchase shares of Common Stock, unless such Participant has notified the Company, in advance of that day and subject to such terms and conditions as the
Committee in its sole discretion may impose, of the Participant’s election to receive the entire credit balance in such Participant’s Stock Purchase Account in cash within 30 days after the end of that Purchase Period. For purposes of this
Section 6.03, a transfer of employment to any Participating Affiliate, or a leave of absence which has been approved by the Committee, will not be deemed a termination of employment as a Regular Employee. 
  
 Section 6.04 Sale of Stock. A Participant may direct the Plan
Custodian to sell a portion or all of the full shares held in his or her Stock Purchase Account. Upon receipt of the direction, the Plan Custodian will sell the designated shares at the prevailing market price. Following the second sale in any
calendar year by a Participant of shares held in his or her Stock Purchase Account, all payroll deductions and contributions by the Company or the Participating Affiliate will cease for a period of six months, after which time the Participant may
resume participation in the Plan. If a Participant makes a third request for the sale of shares in any calendar year, the Participant’s participation in the Plan shall cease, the Participant’s Stock Purchase Account shall be closed, and
the Participant shall not be eligible to participate in the Plan for a period of at least six months after the date of the Participant’s third request for such sale of shares. 
  
 ARTICLE VII. NONTRANSFERABILITY 
  
 Section 7.01 Nontransferable Right to Purchase. The right to purchase Common Stock hereunder may not be assigned,
transferred, pledged or hypothecated (whether by operation of law or otherwise), except as provided in Section 6.02 of the Plan, and will not be subject to execution, attachment or similar process. Any attempted assignment, transfer, pledge,
hypothecation or other disposition or levy of attachment or similar process upon the right to purchase will be null and void and without effect. 
  
 Section 7.02 Nontransferable Account. Except as provided in Section 6.02 of the Plan, the amounts credited to a Stock Purchase Account may not be
assigned, transferred, 

  

 
pledged or hypothecated in any way, and any attempted assignment, transfer, pledge, hypothecation or other disposition of such amounts will be null and void
and without effect. 
  
 ARTICLE VIII. COMMON STOCK ISSUANCE AND
DIVIDEND REINVESTMENT 
  
 Section 8.01 Issuance of
Purchased Shares. Promptly after the last day of each Purchase Period and subject to such terms and conditions as the Committee in its sole discretion may impose, the Company will cause the Common Stock then purchased pursuant to Section 5.01 of
the Plan to be issued for the benefit of the Participant and held in the Participant’s Stock Purchase Account pursuant to Section 8.03 of the Plan. 
  
 Section 8.02 Completion of Issuance. A Participant shall have no interest in the Common Stock purchased pursuant to Section 5.01 of the Plan until
such Common Stock is issued for the benefit of the Participant pursuant to Section 8.03 of the Plan. 
  
 Section 8.03 Form of Ownership. The Common Stock issued under Section 8.01 of the Plan will be held in the name of the Participant or jointly in
the name of the Participant and another person, as the Participant may direct on a form provided by the Company, until such time as certificates for such shares of Common Stock are delivered to or for the benefit of the Participant pursuant to
Section 8.05 of the Plan. 
  
 Section 8.04 Automatic Dividend
Reinvestment. Any and all cash dividends paid on full and fractional shares of Common Stock held in a Participant’s Stock Purchase Account shall be credited to the Participant’s Stock Purchase Account on the basis of the number of
shares in the Participant’s Stock Purchase Account on the date of record of the dividend and shall be reinvested to acquire shares of Common Stock purchased in the open market by the Plan Custodian. Purchases of Common Stock under this Section
8.04 will be normally purchased within ten business days of the dividend payment date, depending upon market conditions. The price per share of the Common Stock purchased pursuant to this Section 8.04 shall be the price per share at which the Common
Stock is actually purchased in the open market for the relevant period on behalf of all participants in the Plan. All shares of Common Stock acquired under this Section 8.04 will be held in the Plan in the same name as the Common Stock upon which
the cash dividends were paid. 
  
 Section 8.05 Delivery. At
any time and subject to such terms and conditions as the Committee in its sole discretion may impose, the Participant may elect to have the Plan Custodian deliver to or for the benefit of the Participant a certificate for the number of whole shares
and cash for the number of fractional shares representing the Common Stock purchased pursuant to Section 5.01 of the Plan together with any additional shares of Common Stock acquired pursuant to Section 8.04 of the Plan upon the reinvestment of
dividends. The election notice will be processed as soon as practicable after receipt. 
  
 ARTICLE IX. EFFECTIVE DATE, AMENDMENT AND TERMINATION OF PLAN 
  
 Section 9.01 Effective Date. The Plan was approved by the Board of Directors on July 25, 2000. The Plan was amended and restated effective as of
May 1, 2003. 
  

 Section 9.02 Plan Commencement. The Plan commenced September 1, 2000 (the “Commencement
Date”). 
  
 Section 9.03 Powers of Board. The Board of
Directors may amend or discontinue the Plan at any time; provided, however, that any termination of the Plan shall not adversely affect the rights relating to the Participant’s Common Stock issued pursuant to the Plan. 
  
 ARTICLE X. ADMINISTRATION 
  
 Section 10.01 The Committee. The Plan shall be administered by a
committee (the “Committee”) of directors of the Company designated by the Board of Directors to administer the Plan. 
  
 Section 10.02 Powers of Committee. Subject to the provisions of the Plan, the Committee shall have full authority to administer the Plan, including
authority to interpret and construe any provision of the Plan, to establish deadlines by which the various administrative forms must be received in order to be effective, and to adopt such other rules and regulations for administering the Plan as it
may deem appropriate. The Committee shall have full and complete authority to determine whether all or any part of the Common Stock acquired pursuant to the Plan shall be subject to restrictions on the transferability thereof or any other
restrictions affecting in any manner a Participant’s rights with respect thereto. Decisions of the Committee will be final and binding on all parties who have an interest in the Plan. 
  
 Section 10.03 Power and Authority of the Board of Directors.
Notwithstanding anything to the contrary contained herein, the Board of Directors may, at any time and from time to time, without any further action of the Committee, exercise the powers and duties of the Committee under the Plan. 
  
 Section 10.04 Stock to be Sold. The Common Stock to be sold under the
Plan shall be shares acquired in the open market by the Plan Custodian. 
  
 Section 10.05 Notices. Notices to the Committee should be addressed as follows: 
  
 Apogee Enterprises, Inc. 
 7900 Xerxes Avenue
South, Suite 1800 
 Minneapolis, MN 55431 
 Attn: ESPP  
  
 ARTICLE XI.
ADJUSTMENT FOR CHANGES IN STOCK OR COMPANY 
  
 Section
11.01 Stock Dividend or Reclassification. If the outstanding shares of Common Stock are increased, decreased, changed into or exchanged for a different number or kind of securities of the Company, or shares of a different par value or without
par value, through reorganization, recapitalization, reclassification, stock dividend, stock split, amendment to the Company’s Articles of Incorporation, reverse stock split or otherwise, an appropriate 

  

 
adjustment shall be made in the maximum number and kind of securities to be purchased under the Plan with a corresponding adjustment in the purchase price to
be paid therefor. 
  
 Section 11.02 Merger or
Consolidation. If the Company is merged into or consolidated with one or more corporations during the term of the Plan, appropriate adjustments will be made to give effect thereto on an equitable basis in terms of issuance of shares of the
corporation surviving the merger or of the consolidated corporation, as the case may be. 
  
 ARTICLE XII. APPLICABLE LAW 
  
 The internal law, and not the law of conflicts, of the State of Minnesota shall govern all questions concerning the validity, construction and effect of the Plan, any rules or regulations relating to the Plan and the rights to purchase
Common Stock granted under the Plan. 
  

 AMENDMENTS TO THE 
 APOGEE ENTERPRISES, INC. 2000 EMPLOYEE STOCK PURCHASE PLAN 
 (Amended and Restated Effective as of May 1,
2003) 
  
 Section 4.01. is hereby amended to read in its entirety
as follows: 
  
 Section 4.01 Number of
Shares. Each Participant will have the right to purchase on the last business day of the Purchase Period all, but not less than all, of the number of whole and fractional shares of Common Stock that can be purchased at the price specified in
Section 4.02 of the Plan with the entire credit balance in the Participant’s Stock Purchase Account. If the purchases for all Participants for any Purchase Period would otherwise cause the aggregate number of shares of Common Stock to be sold
under the Plan to exceed the number specified in Section 10.04 of the Plan, each Participant shall be allocated a pro rata portion of the Common Stock to be sold for such Purchase Period. 
  
 Section 5.01 is hereby amended to read in its entirety as follows: 
  
 Section 5.01 Purchase of Stock. Following the last
business day of a Purchase Period, the entire credit balance in each Participant’s Stock Purchase Account will be used to purchase the number of whole shares and fractional shares of Common Stock purchasable with such amount (subject to the
limitations of Section 4.01 of the Plan), unless the Participant has notified the Company, in advance of that date and subject to such terms and conditions as the Committee in its sole discretion may impose, of the Participant’s election to
receive the distribution of the entire credit balance in cash. 
  
 Section 9.03 is hereby amended to read in its entirety as follows: 
  
 Section 9.03 Amendment and Termination. The Plan shall remain in effect following the Commencement Date until the earliest to occur of (a) the termination of the Plan by the Board of Directors, (b) the purchase
of all shares authorized to be sold under Section 10.04 of the Plan and (c) the tenth anniversary of the Commencement Date. The Board of Directors may amend or discontinue the Plan at any time; provided, however, that any termination of the Plan
shall not adversely affect the rights relating to the Participant’s Common Stock issued pursuant to the Plan. 
  
 Section 10.04 is hereby amended to read in its entirety as follows: 
  
 Section 10.04 Stock to be Sold. The Common Stock to be sold under the Plan shall be shares acquired
in the open market by the Plan Custodian. Except as provided in Section 11.01 of the Plan, the aggregate number of shares of Common Stock to be sold under the Plan will be 1,000,000 shares, 500,000 of which were authorized in connection with the
adoption of the Plan by the Board on July 25, 2000 and 500,000 of which were authorized in connection with the amendment and restatement of the Plan effective as of May 1, 2003. 
  
 Dated January 14, 2004

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