Document:

Filed by Bowne Pure Compliance

 

Exhibit 10.19

QUANEX BUILDING PRODUCTS CORPORATION

EMPLOYEE [STOCK-][CASH-]SETTLED

STOCK APPRECIATION RIGHT AGREEMENT

<<Full Name>>

Grantee

	 	 	 
	Date of Grant:

	 	<<                    >>
	 
	 	 
	Total Number of Shares Relating to
the SARs Granted:

	 	<<                    >>
	 
	 	 
	Grant Price per Share

	 	<<$                    >>
	(the Grant Price per Share is
equal to the last per share sales
price of the common stock of
Quanex Building Products
Corporation for the Date of Grant
and, if the stock was not traded
on the Date of Grant, the first
trading day immediately preceding
the Date of Grant, as reported in
the New York Stock Exchange
Composite Transactions)
	 	 
	 
	 	 
	Expiration Date:

	 	<<                    >>
	 
	 	 
	General Vesting Schedule:

	 	[100% exercisable on the
[first][second][third] anniversary of
the Date of Grant. 0% exercisable
prior to the [first][second][third]
anniversary of the Date of Grant.]
	 
	 	 
	 

	 	[3 years, with vesting in installments
of 33 1/3% on the anniversary date of
the Date of Grant in each of the years
          ,            and            .]

The following terms and conditions are applicable to a stock appreciation right (a “SAR”) granted
pursuant to the Quanex Building Products Corporation 2008 Omnibus Incentive Plan (the “Plan”) and
are incorporated as part of the Stock Appreciation Right Agreement setting forth the terms of such
SAR (the “Agreement”).

	1.	 	GRANT OF STOCK APPRECIATION RIGHT. The Compensation Committee (THE “Committee”) of the Board
of Directors of Quanex Building Products Corporation, a Delaware corporation (the “Company”),
pursuant to the Plan, hereby grants to you, the above-named Grantee, effective as of the Date
of Grant set forth above, a stock appreciation right (“SAR”) that entitles you to receive,
upon exercise hereof, [the number of shares of the Company’s common stock][cash
payment(s) from the Company in an amount] determined by multiplying the excess of the Fair
Market Value of a share of the Company’s common stock on the date of exercise over the Grant
Price per share set forth above by the number of shares of the Company’s common stock with
respect to which the SAR is exercised[ and dividing the resulting product by the Fair Market Value
of a share of the Company’s common stock on the date of exercise]. The SAR is
exercisable in installments in accordance with the Vesting Schedule set forth above by
giving written notice to the Company as specified in this Agreement. To the extent not
exercised, installments shall be cumulative and may be exercised in whole or in part until
the SAR terminates. The SAR may not be exercised after the Expiration Date, or the
applicable date following your termination of employment specified in this Agreement.

Employee

[Cliff Vesting] — [Graded Vesting]

[Stock Settled ] — [Cash Settled]

 

 

 

	2.	 	TERMINATION OF EMPLOYMENT. The following provisions will apply if your employment with the
Company and all Affiliates of the Company (collectively, the “Company Group”) terminates
before the Expiration Date set forth in this Agreement:

2.1 Generally. If your employment with the Company Group terminates before the
Expiration Date for any reason other than one of the reasons described in Sections 2.2 or
2.3 below, all of your rights in the SAR shall terminate and become null and void on the
earlier of the Expiration Date or 90 days after the date your employment with the Company
Group terminates. Except as specified in Sections 2.2 or 2.3 below, if your employment with
the Company Group terminates for any reason, the SAR shall not continue to vest after such
termination of employment.

2.2 Retirement or Disability. If your employment with the Company Group terminates
due to your Retirement or Disability, then your rights under the SAR that have not then
vested shall vest on the effective date of your Retirement or termination of employment due
to Disability. All of your rights in the SAR shall terminate and become null and void on
the earlier of the Expiration Date or three (3) years after the date your employment with
the Company Group terminates as a result of Retirement or a Disability. For purposes of
this Section, the term “Retirement” means the voluntary termination of your employment
relationship with the Company Group on or after the date on which (a) you are age 65 or
(b) you are age 55 and have five years of service with the Company Group.

2.3 Death. If your employment with the Company Group terminates due to your death,
then your rights under the SAR that have not then vested shall vest on the date of your
death. All rights in the SAR shall terminate and become null and void on the earlier of the
Expiration Date or three (3) years after the date of your death. After your death, your
executors, administrators or any person or persons to whom your SAR may be transferred by
will or by the laws of descent and distribution, shall have the right, at any time prior to
the termination of the SAR to exercise the SAR.

	3.	 	EXERCISE. Subject to the terms and provisions of the Plan and this Agreement, the SAR may be
exercised in whole or in part from time to time by the delivery of timely written notice
personally delivered or sent by first class mail or facsimile transmission to the attention of
the General Counsel or Chief Financial Officer of the Company stating (1) the date you wish to
exercise such SAR, (2) the number of shares of Stock with respect to which the SAR is to be
exercised and (3) the [address or account][address] to which [the shares of the
Company’s common stock][any payment], less any applicable withholding, should be
mailed[ or transmitted]. Notice under this paragraph shall be addressed as follows:
ATTN: General Counsel and/or Chief Financial Officer, Quanex Building Products Corporation,
1900 West Loop South, Suite 1500, Houston, Texas 77027 or 713.439.1016 (if via facsimile
transmission). The Company may provide a delegate to receive such notice or alternate
procedures for complying with the exercise and notice requirements of this section. The
exercise date shall be the later of the date specified in such notice or the date such notice
is actually received by the Company or its delegate.

Employee

[Cliff Vesting] — [Graded Vesting]

[Stock Settled ] — [Cash Settled]

 

2

 

	4.	 	TAX WITHHOLDING. To the extent that the receipt of the SAR or this Agreement, the vesting of
the SAR or the exercise of the SAR results in income to you for federal, state or local
income, employment or other tax purposes with respect to which the Company Group has a
withholding obligation, you shall deliver to the Company at the time of such receipt, vesting
or exercise, as the case may be, such amount of money as the Company Group may require to meet
its obligation under applicable tax laws or regulations, and, if you fail to do so, the
Company Group is authorized to withhold from the [shares][payment] subject to the SAR
or from any cash or stock remuneration then or thereafter payable to you any tax required to
be withheld by reason of such taxable income, sufficient to satisfy the withholding obligation
based on the last per share sales price of the common stock of the Company for the trading day
immediately preceding the date that the withholding obligation arises, as reported in the New
York Stock Exchange Composite Transactions.

	5.	 	NONTRANSFERABILITY. Except as specified in this Agreement, the SAR and the Agreement are not
transferable or assignable by you other than by will or the laws of descent and distribution,
and shall be exercisable during your lifetime only by you. You may transfer this SAR to a
member or members of your immediate family, a trust under which your immediate family members
are the only beneficiaries and a partnership of which your immediate family members are the
only partners. For this purpose, “immediate family” means your spouse, children,
stepchildren, grandchildren, parents, grandparents, siblings (including half brothers and
sisters), and individuals who are family members by adoption. Notwithstanding any other
provision of this Agreement, such a transferee of the SAR granted under this Agreement may
exercise the SAR during your lifetime. None of the Company, its employees or directors makes
any representations or guarantees concerning the tax consequences associated with the
inclusion of this provision in this Agreement, your transfer of the SAR granted under this
Agreement or the transferee’s exercise of the SAR. It is your sole responsibility to seek
advice from your own tax advisors concerning those tax consequences. You are entitled to rely
upon only the tax advice of your own tax advisors.

	6.	 	CAPITAL ADJUSTMENTS AND REORGANIZATIONS. The existence of the SAR shall not affect in any
way the right or power of the Company or any company the stock of which is issued pursuant to
this Agreement to make or authorize any adjustment, recapitalization, reorganization or other
change in its capital structure or its business, engage in any merger or consolidation, issue
any debt or equity securities, dissolve or liquidate, or sell, lease, exchange or otherwise
dispose of all or any part of its assets or business, or engage in any other corporate act or
proceeding.

	7.	 	EMPLOYMENT RELATIONSHIP. For purposes of this Agreement, you shall be considered to be in
the employment of the Company Group as long as you have an employment relationship with the
Company Group. The Committee shall determine any questions as to whether and when there has
been a termination of such employment relationship, and the cause of such termination, under
the Plan and the Committee’s determination shall be final and binding on all persons.

	8.	 	NO RIGHTS AS A STOCKHOLDER. You shall not have any rights as a stockholder of the Company
with respect to any shares of common stock relating to the SAR[ until the date of the
issuance of the shares following exercise of the SAR pursuant to this Agreement and the
payment of any required withholding].

	9.	 	NOT AN EMPLOYMENT AGREEMENT. This Agreement is not an employment agreement, and no provision
of this Agreement shall be construed or interpreted to create an employment relationship
between you and the Company or any of its Affiliates or guarantee the right to remain employed
by the Company or any of its Affiliates for any specified term.

Employee

[Cliff Vesting] — [Graded Vesting]

[Stock Settled ] — [Cash Settled]

 

3

 

	10.	 	[SECURITIES ACT LEGEND. If you are or become an officer or affiliate of the Company
under the Securities Act of 1933, you consent to the placing on any certificate for the Shares
of an appropriate legend restricting resale or other transfer of the Shares except in
accordance with such Act and all applicable rules thereunder.]

	11.	 	LIMIT OF LIABILITY. Under no circumstances will the Company Group be liable for any
indirect, incidental, consequential or special damages (including lost profits) of any form
incurred by any person, whether or not foreseeable and regardless of the form of the act in
which such a claim may be brought, with respect to the Plan.

	12.	 	MISCELLANEOUS. This Agreement and the SAR are awarded pursuant to and are subject to all of
the provisions of the Plan, which are incorporated by reference herein, including all
amendments to the Plan, if any. If there is a conflict between this Agreement and the Plan
provisions, the Plan provisions will control. Capitalized terms that are not defined herein
shall have the meanings ascribed to such terms in the Plan.

By your acceptance of the SAR, you agree that the SAR is granted under, governed by and subject to
the terms of the Plan and this Agreement.

	 	 	 
	 

	 	QUANEX BUILDING

PRODUCTS CORPORATION
	 
	 
	 	 
	 

	 	 
	 

	 	Raymond Jean – Chief Executive Officer

Employee

[Cliff Vesting] — [Graded Vesting]

[Stock Settled ] — [Cash Settled]

 

4Filed by Bowne Pure Compliance

 

Exhibit 10.20

QUANEX BUILDING PRODUCTS CORPORATION

EXECUTIVE [STOCK-][CASH-]SETTLED

STOCK APPRECIATION RIGHT AGREEMENT

<<Full Name>>

Grantee

	 	 	 
	Date of Grant:

	 	<<                    >>
	 
	 	 
	Total Number of Shares Relating to
the SARs Granted:

	 	<<                    >>
	 
	 	 
	Grant Price per Share

	 	<<$                    >>
	(the Grant Price per Share is
equal to the last per share sales
price of the common stock of
Quanex Building Products
Corporation for the Date of Grant
and, if the stock was not traded
on the Date of Grant, the first
trading day immediately preceding
the Date of Grant, as reported in
the New York Stock Exchange
Composite Transactions)
	 	 
	 
	 	 
	Expiration Date:

	 	<<                    >>
	 
	 	 
	General Vesting Schedule:

	 	[100% exercisable on the
[first][second][third] anniversary of
the Date of Grant. 0% exercisable
prior to the [first][second][third]
anniversary of the Date of Grant.]
	 
	 	 
	 

	 	[3 years, with vesting in installments
of 33 1/3% on the anniversary date of
the Date of Grant in each of the years
          ,            and           .]

The following terms and conditions are applicable to a stock appreciation right (a “SAR”) granted
pursuant to the Quanex Building Products Corporation 2008 Omnibus Incentive Plan (the “Plan”) and
are incorporated as part of the Stock Appreciation Right Agreement setting forth the terms of such
SAR (the “Agreement”).

	1.	 	GRANT OF STOCK APPRECIATION RIGHT. The Compensation Committee of the Board of Directors of
Quanex Building Products Corporation, a Delaware corporation (the “Company”), pursuant to the
Plan, hereby grants to you, the above-named Grantee, effective as of the Date of Grant set
forth above, a stock appreciation right (“SAR”) that entitles you to receive, upon exercise
hereof, [the number of shares of the Company’s common stock][cash payment(s) from the
Company in an amount] determined by multiplying the excess of the Fair Market Value of a share
of the Company’s common stock on the date of exercise over the Grant Price per share set forth
above by the number of shares of the Company’s common stock with respect to which the SAR is
exercised[ and dividing the resulting
product by the Fair Market Value of a share of the Company’s common stock on the date of
exercise]. The SAR is exercisable in installments in accordance with the Vesting
Schedule set forth above by giving written notice to the Company as specified in this
Agreement. To the extent not exercised, installments shall be cumulative and may be
exercised in whole or in part until the SAR terminates. The SAR may not be exercised after
the Expiration Date, or the applicable date following your termination of employment
specified in this Agreement.

Executive

[Cliff Vesting]—[Graded Vesting]

[Stock Settled] — [Cash Settled]

 

 

 

	2.	 	TERMINATION OF EMPLOYMENT/CHANGE IN CONTROL. The following provisions will apply if your
employment with the Company and all Affiliates of the Company (collectively, the “Company
Group”) terminates or a Change in Control of the Company occurs before the Expiration Date set
forth in this Agreement:

2.1 Termination Generally. If your employment with the Company Group terminates before the
Expiration Date for any reason other than one of the reasons described in Sections 2.2
through 2.4 below, all of your rights in the SAR shall terminate and become null and void on
the earlier of (i) the Expiration Date or (ii) 90 days after the date your employment with
the Company Group terminates. Except as specified in Sections 2.2 through 2.4 below, if
your employment with the Company Group terminates for any reason, the SAR shall not continue
to vest after such termination of employment.

2.2 Potential or Actual Change in Control of the Company.

(i) Termination Without Cause or for Good Reason in Connection With a Potential
Change in Control of the Company Before the Expiration Date. If (a) the Company
Group terminates your employment without Cause (as defined in the Change in Control
Agreement between you and the Company) on or before the third anniversary of the date
of Grant (“Third Anniversary Date”) prior to a Change in Control of the Company
(whether or not a Change in Control of the Company ever occurs) and such termination
is at the request or direction of a person who has entered into an agreement with the
Company the consummation of which would constitute a Change in Control of the Company
or is otherwise in connection with or in anticipation of a Change in Control of the
Company (whether or not a Change in Control of the Company ever occurs) or (b) you
terminate your employment with the Company Group for Good Reason (as defined in the
Change in Control Agreement between you and the Company) on or before the Third
Anniversary Date prior to a Change in Control of the Company (whether or not a Change
in Control of the Company ever occurs), and such termination or the circumstance or
event which constitutes Good Reason occurs at the request or direction of a person
who has entered into an agreement with the Company the consummation of which would
constitute a Change in Control of the Company or is otherwise in connection with or
in anticipation of a Change in Control of the Company (whether or not a Change in
Control of the Company ever occurs), then the SAR shall become fully exercisable on
the date of the termination of your employment relationship.

(ii) Employment Not Terminated Before a Change in Control of the Company on or Before
the Expiration Date. If a Change in Control of the Company occurs on or before the
Third Anniversary Date and your employment with the Company Group does not terminate
before the date the Change in Control of the Company occurs, then the SAR shall
become fully exercisable on the date the Change in Control of the Company occurs.

Executive

[Cliff Vesting]—[Graded Vesting]

[Stock Settled] — [Cash Settled]

 

2

 

2.3 Retirement or Disability. If your employment with the Company Group terminates due to
your Retirement or Disability, then your rights under the SAR that have not then vested
shall vest on the effective date of your Retirement or termination of employment due to
Disability. All of your rights in the SAR shall terminate and become null and void on the
earlier of the Expiration Date or three (3) years after the date your employment with the
Company Group terminates as a result of Retirement or a Disability. For purposes of this
Section 2.3, the term “Retirement” means the voluntary termination of your employment
relationship with the Company Group on or after the date on which (a) you are age 65 or
(b) you are age 55 and have five years of service with the Company Group.

2.4 Death. If your employment with the Company Group terminates due to your death, then
your rights under the SAR that have not then vested shall vest on the date of your death.
All rights in the SAR shall terminate and become null and void on the earlier of the
Expiration Date or three (3) years after the date of your death. After your death, your
executors, administrators or any person or persons to whom your SAR may be transferred by
will or by the laws of descent and distribution, shall have the right, at any time prior to
the termination of the SAR to exercise the SAR.]

	3.	 	EXERCISE. Subject to the terms and provisions of the Plan and this Agreement, the SAR may be
exercised in whole or in part from time to time by the delivery of timely written notice
personally delivered or sent by first class mail or facsimile transmission to the attention of
the General Counsel or Chief Financial Officer of the Company stating (1) the date you wish to
exercise such SAR, (2) the number of shares of Stock with respect to which the SAR is to be
exercised and (3) the [address or account][address] to which [the shares of the
Company’s common stock][any payment], less any applicable withholding, should be
mailed[ or transmitted]. Notice under this paragraph shall be addressed as follows:
ATTN: General Counsel and/or Chief Financial Officer, Quanex Building Products Corporation,
1900 West Loop South, Suite 1500, Houston, Texas 77027 or 713.439.1016 (if via facsimile
transmission). The Company may provide a delegate to receive such notice or alternate
procedures for complying with the exercise and notice requirements of this section. The
exercise date shall be the later of the date specified in such notice or the date such notice
is actually received by the Company or its delegate.

	4.	 	TAX WITHHOLDING. To the extent that the receipt of the SAR or this Agreement, the vesting of
the SAR or the exercise of the SAR results in income to you for federal, state or local
income, employment or other tax purposes with respect to which the Company Group has a
withholding obligation, you shall deliver to the Company at the time of such receipt, vesting
or exercise, as the case may be, such amount of money as the Company Group may require to meet
its obligation under applicable tax laws or regulations, and, if you fail to do so, the
Company Group is authorized to withhold from the [shares][payment] subject to the SAR
or from any cash or stock remuneration then or thereafter payable to you any tax required to
be withheld by reason of such taxable income, sufficient to satisfy the withholding obligation
based on the last per share sales price of the common stock of the Company for the trading day
immediately preceding the date that the withholding obligation arises, as reported in the New
York Stock Exchange Composite Transactions.

	5.	 	NONTRANSFERABILITY. Except as specified in this Agreement, the SAR and the Agreement are not
transferable or assignable by you other than by will or the laws of descent and distribution,
and shall be exercisable during your lifetime only by you. You may transfer this SAR to a
member or members of your immediate family, a trust under which your immediate family members
are the only beneficiaries and a partnership of which your immediate family members are the
only partners. For this purpose, “immediate family” means your spouse, children,
stepchildren, grandchildren, parents, grandparents, siblings (including half brothers and
sisters), and individuals who are family members by adoption. Notwithstanding any other
provision of this Agreement, such a transferee of the SAR granted
under this Agreement may exercise the SAR during your lifetime. None of the Company, its
employees or directors makes any representations or guarantees concerning the tax
consequences associated with the inclusion of this provision in this Agreement, your
transfer of the SAR granted under this Agreement or the transferee’s exercise of the SAR.
It is your sole responsibility to seek advice from your own tax advisors concerning those
tax consequences. You are entitled to rely upon only the tax advice of your own tax
advisors.

Executive

[Cliff Vesting]—[Graded Vesting]

[Stock Settled] — [Cash Settled]

 

3

 

	6.	 	CAPITAL ADJUSTMENTS AND REORGANIZATIONS. The existence of the SAR shall not affect in any
way the right or power of the Company or any company the stock of which is issued pursuant to
this Agreement to make or authorize any adjustment, recapitalization, reorganization or other
change in its capital structure or its business, engage in any merger or consolidation, issue
any debt or equity securities, dissolve or liquidate, or sell, lease, exchange or otherwise
dispose of all or any part of its assets or business, or engage in any other corporate act or
proceeding.

	7.	 	EMPLOYMENT RELATIONSHIP. For purposes of this Agreement, you shall be considered to be in
the employment of the Company Group as long as you have an employment relationship with the
Company Group. The Committee shall determine any questions as to whether and when there has
been a termination of such employment relationship, and the cause of such termination, under
the Plan and the Committee’s determination shall be final and binding on all persons.

	8.	 	NO RIGHTS AS A STOCKHOLDER. You shall not have any rights as a stockholder of the Company
with respect to any shares of common stock relating to the SAR[ until the date of the
issuance of the shares following exercise of the SAR pursuant to this Agreement and the
payment of any required withholding].

	9.	 	NOT AN EMPLOYMENT AGREEMENT. This Agreement is not an employment agreement, and no provision
of this Agreement shall be construed or interpreted to create an employment relationship
between you and the Company or any of its Affiliates or guarantee the right to remain employed
by the Company or any of its Affiliates for any specified term.

	10.	 	[SECURITIES ACT LEGEND. If you are an officer or affiliate of the Company under the
Securities Act of 1933, you consent to the placing on any certificate for the Shares of an
appropriate legend restricting resale or other transfer of the Shares except in accordance
with such Act and all applicable rules thereunder.]

	11.	 	LIMIT OF LIABILITY. Under no circumstances will the Company Group be liable for any
indirect, incidental, consequential or special damages (including lost profits) of any form
incurred by any person, whether or not foreseeable and regardless of the form of the act in
which such a claim may be brought, with respect to the Plan.

	12.	 	MISCELLANEOUS. This Agreement and the SAR are awarded pursuant to and are subject to all of
the provisions of the Plan, which are incorporated by reference herein, including all
amendments to the Plan, if any. If there is a conflict between this Agreement and the Plan
provisions, the Plan provisions will control. Capitalized terms that are not defined herein
shall have the meanings ascribed to such terms in the Plan.

Executive

[Cliff Vesting]—[Graded Vesting]

[Stock Settled] — [Cash Settled]

 

4

 

By your acceptance of the SAR, you agree that the SAR is granted under, governed by and subject to
the terms of the Plan and this Agreement.

	 	 	 
	 

	 	QUANEX BUILDING

PRODUCTS CORPORATION
	 
	 
	 	 
	 

	 	 
	 

	 	Raymond Jean – Chief Executive Officer

Executive

[Cliff Vesting]—[Graded Vesting]

[Stock Settled] — [Cash Settled]

 

5

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