Document:

1992 Non-Employee Director Stock Option Plan

 Exhibit 10.10 
 LOUISIANA-PACIFIC CORPORATION 
 1992 NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN 
 (Amended and Restated as of May 8, 2009) 
 1. Establishment And Purpose 
 1.1 Establishment; Amendment and Restatement. Louisiana-Pacific
Corporation, a Delaware corporation (“Corporation”), established the Louisiana-Pacific Corporation 1992 Non-Employee Director Stock Option Plan (the “Plan”) effective as of June 15, 1992. The Plan as amended through
May 3, 2004, was approved at Corporation’s 2004 annual meeting of stockholders and was further amended and restated effective November 3, 2006, and August 4, 2007. Corporation further amended and restated the Plan in
its current form effective May 8, 2009. 
 1.2 Purpose. The continued growth and success of Corporation are dependent
upon the efforts of members of Corporation’s board of directors (the “Board of Directors”). Those members of the Board of Directors who are not employees of Corporation or any of its subsidiaries (“Non-Employee Directors”)
are not eligible to participate in the stock option and other stock incentive plans maintained for employees of Corporation. The purpose of this Plan is to provide an incentive to Non-Employee Directors to remain as members of the Board of Directors
and also to afford them the opportunity to acquire, or increase, stock ownership in Corporation in order that they may have a direct proprietary interest in its success. Options granted under the Plan shall be nonqualified options which are not
intended to qualify as incentive stock options under Section 422 of the Internal Revenue Code. 
 2. Stock. The stock
subject to options granted under the Plan shall be shares of Corporation’s authorized but unissued, or reacquired, $1 par value common stock (“Common Stock”). The total number of shares of Common Stock with respect to which options
may be granted shall not exceed in the aggregate 1,200,000, provided that such aggregate number of shares shall be subject to adjustment in accordance with the provisions of paragraph 6.7. In the event that any outstanding option under the Plan is
canceled or terminates or expires prior to the end of the period during which options may be granted under the Plan, the shares of Common Stock allocable to the unexercised portion of such option may be made the subject of additional options granted
under the Plan. 
 3. Administration. The Plan shall be administered by the Nominating and Corporate Governance Committee of
the Board of Directors (the “Committee”), except for actions to be taken under the Plan which, under the provisions of Rule 16b-3 promulgated under the Securities Exchange Act of 1934 (the “Exchange Act”) or any successor
rule exempting certain transactions from Section 16(b) of the Exchange Act, cannot be taken by the Committee, which actions shall be taken by the full Board of Directors. The Committee shall have full power and authority, subject to the
provisions of the Plan, to adopt, amend, and rescind rules and regulations for carrying out the Plan. The interpretation and decision of the Committee with regard to any question arising under the Plan shall be final and conclusive. No member of the
Committee shall be liable for any action taken or determination made in good faith with respect to the Plan or to any options granted pursuant to the Plan. 
  

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 4. Eligibility. The persons eligible to receive options under the Plan are the Non-Employee
Directors of Corporation. 
 5. Grants of Options. 
 5.1 Option Value. For purposes of this Plan, the value of an option granted under the Plan (the “Option Value”) shall be the fair
value of an option for the number of shares of Common Stock subject to the option determined by applying the option-pricing model used by Corporation for purposes of preparing Corporation’s audited annual financial statements for the year in
which the option is granted. For purposes of determining the number of shares to be subject to an option such that the Option Value of the option is a specified dollar amount, the number of shares will be rounded down to the highest number of whole
shares such that the Option Value does not exceed the targeted dollar amount. 
 5.2 Prior Grants. Grants made under the Plan
prior to May 3, 2004, shall be governed by the terms and conditions of the Plan prior to its amendment and restatement effective as of such date. Grants made under the Plan on or after May 3, 2004, and before August 4, 2007, shall be
governed by the terms and conditions of the Plan as amended and restated effective May 3, 2004. 
 5.3 Option Grants to New
Non-Employee Directors Beginning August 4, 2007. Each person who becomes a Non-Employee Director on or after August 4, 2007, automatically shall be granted, as of the date such person becomes a Non-Employee Director, an option
under the Plan to purchase a number of shares of Common Stock with an Option Value on the date of grant equal to $30,000 multiplied by a fraction with a numerator equal to the number of days between the date on which such person became a
Non-Employee Director (the “Commencement Date”) and the June 1 next following the Commencement Date, and a denominator equal to 365. All such options are subject to the terms and conditions described in paragraph 6. All
subsequent options granted to such Non-Employee Directors will be granted under paragraph 5.4(b)(i). 
 5.4 Option Grants to
Continuing Non-Employee Directors Beginning August 4, 2007. 
 (a) Option Grants After August 3, 2007 and Before
June 1, 2008. Each individual who became a Non-Employee Director prior to August 4, 2007, and was not granted an option under the Plan between June 1, 2007, and August 4, 2007, will next be granted an option under the
Plan on the anniversary date of his or her next preceding option grant prior to June 1, 2007, to purchase a number of shares of Common Stock with an Option Value equal to $30,000 multiplied by a fraction with a numerator equal to the number of
days between such date and June 1, 2008, and a denominator equal to 365. All such options are subject to the terms and conditions described in paragraph 6. All subsequent options granted to such Non-Employee Directors will be granted under
paragraph 5.4(b)(i). 
  

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 (b) Annual Grants Beginning June 1, 2008. 
 (i) General Provisions Governing Annual Grants Beginning June 1, 2008. As of June 1 of each calendar year beginning June 1,
2008 (an “Annual Grant Date”), each Non-Employee Director who remains as a Non-Employee Director through such Annual Grant Date automatically shall be granted an option to purchase a number of shares of Common Stock with an Option Value on
the Annual Grant Date equal to $30,000, subject to proration as to Non-Employee Directors who were granted options after June 1, 2007 and before August 4, 2007, as described in paragraph 5.4(b)(ii) below. All such options are subject to
the terms and conditions described in paragraph 6. 
 (ii) Non-Employee Directors Granted Options After June 1, 2007, and
Before August 4, 2007. Each individual who was granted an option under the Plan after June 1, 2007, and before August 4, 2007, will next be granted an option under the Plan on June 1, 2008 to purchase a number of shares
of Common Stock with an Option Value equal to $30,000 multiplied by a fraction with a numerator equal to the number of days between the date on which such Non-Employee Director was last granted an option and June 1, 2008, and a denominator
equal to 365. All such options are subject to the terms and conditions described in paragraph 6. All subsequent options granted to such Non-Employee Directors will be granted under paragraph 5.4(b)(i). 
 5.5 Reduction in Number of Shares Granted. The Committee may, in its discretion, reduce (below the formula amounts set forth above) the
number of shares of Common Stock covered by any option to be granted under this Section 5 after May 8, 2009. 
 6. Terms and
Conditions of Options. Each option granted pursuant to the Plan shall be subject to the following terms and conditions: 
 6.1
Payment. Upon exercise of an option, in whole or in part, the option price for shares to which the exercise relates may be made, at the election of the optionee, either in cash or by delivering to Corporation shares of Common Stock having
a Fair Market Value (as defined below) equal to the option price, or any combination of cash and Common Stock having a combined value equal to the option price. Shares of Common Stock may not be used in payment or partial payment unless an option is
being exercised for at least 2,000 shares. Payment in shares of Common Stock shall be made by delivering to Corporation certificates, duly endorsed for transfer, representing shares of Common Stock having an aggregate Fair Market Value on the date
of exercise equal to that portion of the option price which is to be paid in Common Stock. The Fair Market Value of a share of Common Stock on any given date means the closing price per share of Common Stock as reported for such day by the principal
exchange or trading market on which Common Stock is traded (as determined by the 

  

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Committee) or, if Common Stock was not traded on such date, on the next preceding day on which Common Stock was traded. If Common Stock is not listed on a
stock exchange or if trading activities for Common Stock are not reported, the Fair Market Value will be determined by the Committee. Whenever payment of the option price would require delivery of a fractional share, the optionee shall deliver the
next lower whole number of shares of Common Stock and a cash payment shall be made by the optionee for the balance of the option price. 
 6.2 Option Price. The option price per share for each option granted under the Plan shall be 100 percent of the Fair Market Value per share on the date the option was granted. 
 6.3 Term of Option. Each option shall expire ten years from the date the option is granted, unless the option is terminated earlier in
accordance with the Plan. 
 6.4 Date of Exercise. Unless an option is terminated or the time of its exercisability is
accelerated in accordance with the Plan, each option may be exercised in whole or in part from time to time to purchase shares as follows: 
 (a) Each option shall not be exercisable until the date which is three months after the option was granted. On that date, the option shall become exercisable as to 10 percent of the shares subject to the option (rounded down to
the nearest whole number of shares). The option shall become exercisable as to an additional 10 percent of the shares every three months thereafter until the option is exercisable in full (which shall occur on the date which is 2.5 years after
the date of grant). 
 (b) No option shall be exercisable in part with respect to a number of shares fewer than 100 unless fewer than
100 shares remain subject to the option. 
 6.5 Acceleration of Exercisability. Notwithstanding the limitations on
exercisability pursuant to paragraph 6.4, an option shall become immediately and fully exercisable: 
 (a) In the event of the death
of the optionee Non-Employee Director; or 
 (b) Upon the later of (i) the occurrence of a “Change in Control” (as
defined below) of Corporation and (ii) six months after the date of grant; or 
 (c) On the date an optionee Non-Employee
Director retires pursuant to Section 15 of Article II of the bylaws of Corporation; provided, however, that for options granted prior to November 3, 2006, this paragraph 6.5(c) shall only apply to an additional 20 percent of the shares
covered by such Non-Employee Director’s option. 
 For purposes of the Plan, a Change of Control shall be deemed to occur if (x) any person or
group, together with its affiliates and associates (other than Corporation or any of its subsidiaries or employee benefit plans), acquires direct or indirect beneficial ownership of 20 percent or more of the then outstanding shares of Common Stock
or 

  

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commences a tender or exchange offer for 30 percent or more of the then outstanding shares of Common Stock, or (y) Corporation is to be liquidated or
dissolved. The terms “group,” “affiliates,” “associates” and “beneficial ownership” shall have the meanings ascribed to them in the rules and regulations promulgated under the Exchange Act. 
 6.6 Continuation as a Director. Notwithstanding the option term provided in paragraph 6.3, in the event that an optionee Non-Employee
Director ceases to be a member of the Board of Directors: 
 (a) By reason of death, the estate, personal representative, or
beneficiary of the Non-Employee Director shall have the right to exercise the option at any time within 12 months from the date of death and the option shall terminate as of the last day of such 12-month period; or 
 (b) By reason of the retirement of an optionee Non-Employee Director pursuant to Section 15 of Article II of the bylaws of Corporation, the
Non-Employee Director’s option shall remain exercisable, to the extent it had become exercisable on the date of said retirement, for a period of 24 months following the date of said retirement and the option shall terminate as of the last day
of such 24-month period; or 
 (c) For any other reason, the Non-Employee Director’s option shall remain exercisable, to the
extent it had become exercisable on the date the optionee ceased to be a member of the Board of Directors (the “Termination Date”), for a period of three months following the Termination Date and the option shall terminate as of the last
day of such three-month period. 
 6.7 Recapitalization. In the event of any change in capitalization affecting the Common
Stock of Corporation, such as a stock dividend, stock split, recapitalization, merger, consolidation, split-up, combination or exchange of shares or other form of reorganization, or any Extraordinary Distribution or other change affecting the Common
Stock, the Committee will make proportionate adjustments in the total number of shares of Common Stock in respect of which options may be granted under the Plan, the number of shares covered by each outstanding option, and the exercise price per
share under each such option; however, any fractional shares resulting from any such adjustment shall be eliminated. For this purpose, an “Extraordinary Distribution” means a dividend or other distribution payable in cash or other property
with respect to Corporation’s Common Stock where the aggregate amount or value of the dividend or distribution exceeds 5% of the aggregate Fair Market Value of all outstanding Common Stock as of the business day immediately preceding the date
the dividend or distribution is declared by the Board. The Committee may also make similar adjustments in the number of shares and exercise prices in the event of a spin-off or other distribution (other than normal cash dividends) of Corporation
assets to stockholders that is not specifically addressed above in this Section 6.7. 
  

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 A dissolution of Corporation, or a merger or consolidation in which Corporation is not the resulting or
surviving corporation (or in which Corporation is the resulting or surviving corporation but becomes a subsidiary of another corporation), shall cause every option outstanding hereunder to terminate concurrently with consummation of any such
dissolution, merger or consolidation, except that the resulting or surviving corporation (or, in the event Corporation is the resulting or surviving corporation but has become a subsidiary of another corporation, such other corporation) may, in its
absolute and uncontrolled discretion, tender an option or options to purchase its shares on terms and conditions, both as to number of shares and otherwise, which will substantially preserve the rights and benefits of any option then outstanding
hereunder. 
 In the event of a change in Corporation’s presently authorized Common Stock which is limited to a change of all its
presently authorized shares with par value into the same number of shares with a different par value or into the same number of shares without par value, the shares resulting from any such change shall be deemed to be Common Stock within the meaning
of this Plan. 
 6.8 Transferability. No option shall be assignable or transferable other than by will or the laws of descent
and distribution. During an optionee’s lifetime, only he or his guardian or legal representative may exercise any such option or right. 
 6.9 Rights as a Stockholder. An optionee Non-Employee Director shall have no rights as a stockholder with respect to shares covered by the option until the date of the issuance or transfer of the shares to him and only after
such shares are fully paid. Except as provided in paragraph 6.7, no adjustment shall be made for dividends or other rights for which the record date is prior to the date of such issuance or transfer. 
 6.10 Provision for Taxes. It shall be a condition to Corporation’s obligation to issue or reissue shares of Common Stock upon exercise
of any option that the optionee pay, or make provision satisfactory to Corporation for payment of, any federal and state income and other taxes which Corporation is obligated to withhold or collect with respect to the issue or reissue of such
shares. 
 6.11 Option Agreement. Each option granted under the Plan shall be evidenced by an option agreement substantially in
the form attached to the Plan as Appendix A. 
 7. Effective Date and Term of Plan. The Plan was adopted and became effective
June 15, 1992, and shall continue in effect until options have been granted covering all available shares of Common Stock as specified in paragraph 2 or until the Plan is terminated by the Board of Directors, whichever is earlier, except as
provided below. 
 The amendment of Section 5 of the Plan to change the number of options to be granted to a new Non-Employee Director
and the number of options to be granted as Annual Grants was approved by the Corporation’s stockholders at the May 3, 2004, annual meeting of Corporation’s stockholders. 
  

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 8. Amendment or Termination. The Board of Directors may alter, amend, suspend or terminate
the Plan at any time. Amendments to the Plan shall be subject to stockholder approval to the extent required to comply with any exemption to the short swing profit provisions of Section 16(b) of the Exchange Act pursuant to rules and
regulations promulgated thereunder or with the rules and regulations of any securities exchange or trading system on which the Common Stock is listed or traded. Expiration or termination of the Plan shall not affect outstanding options except as
provided in paragraph 7. The Board of Directors may also modify the terms and conditions of any outstanding option, subject to the consent of the optionee and consistent with the provisions of the Plan. 
 9. Application of Proceeds. The proceeds received by Corporation from the sale of Common Stock pursuant to options shall be available for
general corporate purposes. 
 10. No Obligation to Exercise Option. The granting of an option shall impose no obligation upon
the optionee to exercise the same, in whole or in part. 
 11. Restrictions on Exercise. Any provision of the Plan to the
contrary notwithstanding, no option granted pursuant to the Plan shall be exercisable at any time, in whole or in part, (i) prior to the shares of Common Stock subject to the option being authorized for listing on the New York Stock Exchange,
if applicable, or (ii) if issuance and delivery of the shares of Common Stock subject to the option would violate any applicable laws or regulations. 
  

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 APPENDIX A 
 LOUISIANA-PACIFIC CORPORATION 
 1992 NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN 
 OPTION AGREEMENT 
 Date of Option
Grant: ______________, 200_ 
  

							
	 Louisiana-Pacific Corporation
 a Delaware corporation

 414 Union Street
 Suite 2000
 Nashville, Tennessee 37219
	  		  	(“Corporation”)	 	
				
	 	  		  		 	
				
	 	  		  		 	
				
	 	  		  	(“Optionee”)	 	

 Corporation maintains the Louisiana-Pacific Corporation 1992 Non-Employee Director Stock Option
Plan (the “Plan”). A copy of the Plan is attached hereto as Exhibit A and is incorporated by reference in this Agreement. Capitalized terms not otherwise defined in this Agreement have the meanings given them in the Plan. 
 The Plan is administered by the Nominating and Corporate Governance Committee of the Board of Directors for the benefit of Non-Employee Directors of
Corporation. 
 The parties agree as follows: 
  

	1.	Grant of Option. 

 Subject to the terms and
conditions of this Agreement and the Plan, Corporation grants, as of the date of grant set forth above, to the Optionee a stock option (the “Option”) to purchase _____ shares of Corporation’s Common Stock at $_______ per share.

  

	2.	Terms of Option. 

 The option shall be
subject to all the terms and conditions set forth in the Plan. 
  

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	3.	Conditions Precedent. 

 Corporation will use
its best efforts to obtain approval of the Plan and the Option by any state or federal agency or authority that Corporation determines has jurisdiction. If Corporation determines that any required approval cannot be obtained, the Option shall
terminate on notice to the Optionee to that effect. 
  

	4.	Successorship. 

 Subject to restrictions on
transferability set forth in the Plan, this Agreement shall be binding upon and benefit the parties, their successors and assigns. 
  

	5.	Notices. 

 Any notices under the Option shall
be in writing and shall be effective when actually delivered personally or by facsimile or through Corporation interoffice mail service, or, if mailed, when deposited as registered or certified mail directed to the address of Corporation’s
Principal executive offices or to such other address as a party may certify by notice to the other party. Notices to Corporation shall be sent to the Secretary of Corporation at Corporation’s address set forth above, or at such other address as
Corporation, by written notice to Optionee, may designate from time to time. 
  

					
	CORPORATION:	 		 	LOUISIANA-PACIFIC CORPORATION
			
	 	 		 	  
		 		 	Secretary
			
	 	 		 	  
	OPTIONEE:	 		 	

  

 - 2 -2000 Non-Employee Director Restricted Stock Plan

 Exhibit 10.15 
 LOUISIANA-PACIFIC CORPORATION 
 2000 NON-EMPLOYEE DIRECTOR RESTRICTED STOCK PLAN 
 Effective May 1, 2000 
 (Amended and Restated as of May 8, 2009) 
 1. Establishment And Purpose 
 1.1 Establishment; Amendment and Restatement. Louisiana-Pacific Corporation, a Delaware corporation (“Corporation”), established
the Louisiana-Pacific Corporation 2000 Non-Employee Director Restricted Stock Plan (the “Plan”) effective as of May 1, 2000. The Plan as amended through May 3, 2004, was approved at Corporation’s 2004 annual meeting of
stockholders and was further amended and restated effective November 3, 2006, and August 4, 2007. Corporation further amended and restated the Plan in its current form effective May 8, 2009. 
 1.2 Purpose. The purpose of the Plan is to promote and advance the interests of Corporation and its stockholders by enabling Corporation to
attract and retain well-qualified individual Non-Employee Directors (as defined below) and to strengthen the mutuality of interests between such Non-Employee Directors and Corporation’s stockholders through annual grants of Restricted Stock to
each Non-Employee Director. 
 2. Definitions 
 For purposes of the Plan, the following terms have the meanings set forth below: 
 “Award”
means an award of Restricted Stock or Restricted Stock Units granted to a Non-Employee Director pursuant to the Plan. 
 “Board” means the board of directors of Corporation. 
 “Change in Control” means: 
 (a) The acquisition by 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 “Exchange Act”)) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (A) the then outstanding shares of common stock of
Corporation (the “Outstanding Corporation Common Stock”) or (B) the combined voting power of the then outstanding voting securities of Corporation entitled to vote generally in the election of directors (the “Outstanding
Corporation Voting Securities”); provided, however, that for purposes of this subsection (a), the following acquisitions will not constitute a Change in Control: (i) any acquisition directly from Corporation, (ii) any acquisition by
Corporation, (iii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by Corporation or any corporation controlled by Corporation or (iv) any acquisition pursuant to a transaction which complies with
clauses (i), (ii), and (iii) of subsection (c) of this definition; or 
  

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 (b) Individuals who, as of the effective date of this Plan (the “Effective Date”),
constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the Effective Date whose election, or nomination for
election by Corporation’s stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board will be considered as though such individual were a member of the Incumbent Board, but excluding, for
this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or
consents by or on behalf of a Person other than the Board; or 
 (c) Consummation by Corporation of a reorganization, merger or
consolidation or sale or other disposition of all or substantially all of the assets of Corporation or the acquisition of assets of another entity (a “Business Combination”), in each case, unless, following such Business Combination,
(i) all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Corporation Common Stock and Outstanding Corporation Voting Securities immediately prior to such Business Combination
beneficially own, directly or indirectly, more than 60% of, respectively, the then outstanding shares of common stock and the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors, as
the case may be, of the corporation resulting from such Business Combination (including, without limitation, a corporation which as a result of such transaction owns Corporation or all or substantially all of Corporation’s assets either
directly or through one or more subsidiaries) in substantially the same proportions as their ownership, immediately prior to such Business Combination of the Outstanding Corporation Common Stock and Outstanding Corporation Voting Securities, as the
case may be, (ii) no Person (excluding any employee benefit plan (or related trust) of Corporation or such corporation resulting from such Business Combination) beneficially owns, directly or indirectly, 20% or more of, respectively, the then
outstanding shares of common stock of the corporation resulting from such Business Combination or the combined voting power of the then outstanding voting securities of such corporation except to the extent that such ownership existed prior to the
Business Combination and (iii) at least a majority of the members of the board of directors of the corporation resulting from such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement,
or of the action of the Board, providing for such Business Combination; or 
 (d) Approval by the stockholders of Corporation of a
complete liquidation or dissolution of Corporation. 
 “Code” means the Internal Revenue Code of 1986, as amended and in
effect from time to time, or any successor thereto, together with rules, regulations, and interpretations promulgated thereunder. Where the context so requires, any reference to a particular Code section will be construed to refer to the successor
provision to such Code section. 
  

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 “Committee” means the committee of the Board described in Section 3.1. 

“Disability” means inability to perform the duties of a director of Corporation by reason of a medically determinable (to the
reasonable satisfaction of the Committee) physical or mental condition that results in absence from such duties for a period of 90 consecutive days or a total of 120 days during any calendar year. 
 “Exchange Act” means the Securities Exchange Act of 1934 as amended and in effect from time to time, and any successor statute. Where
the context requires, any reference to a particular section of the Exchange Act or to any rule promulgated under the Exchange Act will be construed to refer to successor provisions to such section or rule. 
 “Extraordinary Distribution” means a dividend or other distribution payable in cash or other property with respect to Corporation’s
Stock where the aggregate amount or value of the dividend or distribution exceeds 5% of the aggregate Fair Market Value of all outstanding Stock as of the business day immediately preceding the date the dividend or distribution is declared by the
Board. 
 “Fair Market Value” means, on any given date, the closing price per share of Stock as reported for such day by the
principal exchange or trading market on which Stock is traded (as determined by the Committee) or, if Stock was not traded on such date, on the next preceding day on which Stock was traded. If Stock is not listed on a stock exchange or if trading
activities for Stock are not reported, the Fair Market Value will be determined by the Committee. 
 “Grant Date” means the
date an Award is granted to a Non-Employee Director under the Plan, including an “Initial Grant Date,” an “Anniversary Grant Date,” and an “Annual Grant Date,” namely: 
 (a) For each person who first becomes a Non-Employee Director on or after August 4, 2007, the date such person becomes a Non-Employee
Director will be the Initial Grant Date and each following June 1 (while the person continues to be a Non-Employee Director and while a sufficient number of shares of Stock remain available for Awards pursuant to Section 4.3 of the Plan)
will be an Annual Grant Date. 
 (b) For each person who became a Non-Employee Director prior to August 4, 2007, and received an
Award after June 1, 2007 and before August 4, 2007, each following June 1 commencing June 1, 2008 (while the person continues to be a Non-Employee Director and while a sufficient number of shares of Stock remain available for
Awards pursuant to Section 4.3 of the Plan) will be an Annual Grant Date. 
  

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 (c) For each person who became a Non-Employee Director prior to August 4, 2007, and did not
receive an Award between June 1, 2007 and August 4, 2007, the first anniversary of the last date on which the person was granted an Award under the Plan prior to June 1, 2007, will be an Anniversary Grant Date and each following
June 1 commencing June 1, 2008 (while the person continues to be a Non-Employee Director and while a sufficient number of shares of Stock remain available for Awards pursuant to Section 4.3 of the Plan) will be an Annual Grant Date.

 “Non-Employee Director” means a member of the Board who is not an employee of Corporation or any subsidiary of
Corporation. 
 “Plan” means this Louisiana-Pacific Corporation 2000 Non-Employee Director Restricted Stock Plan, as it may
be amended and in effect from time to time. 
 “Restricted Stock” means Stock granted to a Non-Employee Director subject to
the Restrictions set forth in this Plan. 
 “Restricted Stock Unit” means a contractual right representing a right to
receive one share of Stock for each Restricted Stock Unit pursuant to the terms and conditions of, and subject to the Restrictions set forth in, this Plan. 
 “Restriction” means the provisions of Section 7 of the Plan that govern the forfeiture of an Award or shares of Restricted Stock or Restricted Stock Units during the applicable Restriction
Period. 
 “Restriction Period” means the period following the Grant Date of an Award as described in Section 7.1
during which the Award is subject to Restrictions. 
 “Retirement” means termination of a Non-Employee Director’s
membership on the Board due to: 
 (a) (1) Voluntary resignation as a director at or after attaining age 67, (2) voluntary
resignation as a director after serving as a director for eight or more continuous years or (3) retirement on the mandatory retirement date for directors under Corporation’s bylaws; 
 (b) A determination by the Committee that the Non-Employee Director cannot continue as a member of the Board without violating applicable law; or

 (c) The Non-Employee Director taking a position with, or providing services to, a governmental, charitable, or educational
institution whose policies prohibit the Non-Employee Director from continuing to serve as a member of the Board. 
 “Stock”
means Corporation’s common stock, $1 par value, or any security issued by Corporation in substitution, exchange, or lieu of such common stock. 
 “Termination Date” means the date a Non-Employee Director ceases to be a member of the Board for any reason. 
 “Vest” or “Vested” with respect to shares of Restricted Stock, Restricted Stock Units, or an Award means to be or to become nonforfeitable, freely transferable (subject to any applicable securities law
limitations), and free of all Restrictions due to expiration of the Restriction Period. 
  

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 Except where otherwise indicated by the context, any masculine or feminine terminology used in the Plan
also includes the opposite gender; and the definition of any term in the singular also includes the plural, and vice versa. 
 3.
Administration 
 3.1 Committee. The Plan will be administered by Corporation’s Nominating and Corporate
Governance Committee or by another committee of the Board expressly designated by the Board to administer the Plan. 
 3.2 Authority of
the Committee. The Committee will have full power and authority to administer the Plan in its sole discretion, including the authority to: 
 (a) Construe and interpret the Plan; and 
 (b) Promulgate, amend, and rescind rules and procedures relating to the
implementation of the Plan. 
 Decisions of the Committee will be final, conclusive, and binding on all Non-Employee Directors. 
 4. Duration Of The Plan And Stock Subject To The Plan 
 4.1 Duration of the Plan. The Plan became effective May 1, 2000, and will continue in effect until Awards have been granted covering all available shares of Stock or until the Plan is otherwise
terminated by the Board. Termination of the Plan will not affect outstanding Awards. 
 4.2 Stock. The shares of Stock that may
be granted subject to Awards under the Plan are shares of Corporation’s reacquired treasury Stock. No fractional shares of Stock will be issued under the Plan. 
 4.3 Number of Shares. The maximum number of shares of Stock for which Awards may be granted under the Plan is 200,000 shares subject to adjustment pursuant to Section 9 of the Plan. 
 4.4 Availability of Stock for Future Awards. If an Award under the Plan is canceled or expires for any reason prior to having been fully
Vested, all shares of Stock covered by such Award not otherwise issued as Vested Stock will be available for future Awards under the Plan. 
 5. Eligibility 
 All Non-Employee Directors of Corporation are automatically eligible to receive Awards under the
Plan. 
  

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 6. Awards 
 6.1 Initial Grants. For each person who first becomes a Non-Employee Director on or after August 4, 2007, the person will receive as of the Initial Grant Date an Award of a number of shares of
Restricted Stock (subject to the Restrictions described in Section 7.2) equal to (a) $30,000 multiplied by a fraction with a numerator equal to the number of days between the Initial Grant Date and the next following June 1 and a
denominator equal to 365, divided by (b) the Fair Market Value of a Share as of the Initial Grant Date (rounded to the nearest number of whole Shares). 
 6.2 Anniversary Grants. For each person who became a Non-Employee Director prior to August 1, 2007, and did not receive an Award between June 1, 2007 and before August 4, 2007, the person
will receive as of such person’s Anniversary Grant Date an Award of a number of shares of Restricted Stock (subject to the Restrictions described in Section 7.2) equal to (a) $30,000 multiplied by a fraction with a numerator equal to
the number of days between the Anniversary Grant Date and June 1, 2008, and a denominator equal to 365, divided by (b) the Fair Market Value of a Share as of the Anniversary Grant Date (rounded to the nearest number of whole Shares).

 6.3 Annual Grants. For each person who remains a Non-Employee Director as of each Annual Grant Date, the person will receive
as of the Annual Grant Date an Award of a number of shares of Restricted Stock (subject to the Restrictions described in Section 7.2) equal to $30,000 divided by the Fair Market Value of a Share as of the Annual Grant Date (rounded to the
nearest number of whole Shares); provided that the Award made as of June 1, 2008 to each Non-Employee Director who received an Award after June 1, 2007 and before August 4, 2007 will relate to a number of shares of Restricted Stock
equal to (a) $30,000 multiplied by a fraction with a numerator equal to the number of days between the date on which such Non-Employee Director last received an Award and June 1, 2008, and a denominator equal to 365, divided by
(b) the Fair Market Value of a Share as of June 1, 2008 (rounded to the nearest number of whole Shares). 
 6.4 Canadian
Residents. For Non-Employee Directors who are residents of Canada, unless the Committee determines that an Award of shares of Restricted Stock be granted, an Award of a number of Restricted Stock Units (subject to the Restrictions described
in Section 7.2) equal to the number of Restricted Shares determined pursuant to Sections 6.1, 6.2, or 6.3 will be granted to the Non-Employee Director. 
 6.5 Restricted Stock Award Agreement and Stock Power. Each Award of Restricted Stock under the Plan will be evidenced by a Restricted Stock Award Agreement and Stock Power in the form attached to this
Plan as Appendix 6.5. 
 6.6 Restricted Stock Unit Award Agreement. Each Award of Restricted Stock Units under the Plan
will be evidenced by a Restricted Stock Unit Award Agreement in the form attached to this Plan as Appendix 6.6. 
  

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 6.7 Reduction in Number of Shares Granted. The Committee may, in its discretion, reduce
(below the formula amounts set forth above) the number of shares of Restricted Stock or number of Restricted Stock Units to be granted pursuant to an Award under this Section 6 after May 8, 2009. 
 7. Restrictions 
 7.1
Restriction Period. For each Award of Restricted Stock or Restricted Stock Units, the Restriction Period is the period commencing on the Grant Date for the Award and ending on the first to occur of: 
 (a) The expiration of five years from the Grant Date; 
 (b) The termination of the Non-Employee Director’s membership on the Board by reason of: 
  

	 	(i)	Death; 

  

	 	(ii)	Disability; 

  

	 	(iii)	Retirement; or 

  

	 	(iv)	A Change in Control of Corporation. 

 7.2
Restrictions During Restriction Period. During the Restriction Period applicable to each Award of Restricted Stock or Restricted Stock Units: 
 (a) The Non-Employee Director may not sell, assign, pledge, or otherwise transfer or encumber the Award or the Restricted Stock or Restricted Stock Units subject to the Award; 
 (b) With respect to Awards of Restricted Stock, in the event the Non-Employee Director ceases to be a director of Corporation prior to the
expiration of the Restriction Period for any reason other than death, Disability, Retirement, or in connection with a Change in Control of Corporation, the Non-Employee Director will immediately and automatically forfeit all shares of Restricted
Stock subject to the Award, the Restricted Stock will automatically revert to Corporation, and the Non-Employee Director will cease to have any rights as a stockholder with respect to such Restricted Stock. 
 (c) With respect to awards of Restricted Stock Units, in the event the Non-Employee Director ceases to be a director of Corporation prior to the
expiration of the Restriction Period for any reason other than death, Disability, Retirement, or in connection with a Change in Control of Corporation, the Non-Employee Director will immediately and automatically forfeit all Restricted Stock Units
subject to the Award and the Non-Employee Director will cease to have any rights with respect to the Award or the Restricted Stock Units. 
  

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 7.3 Rights During Restriction Period.  
 (a) Restricted Stock Awards. During the Restriction Period for any Award of Restricted Stock, the Non-Employee Director will have (except
as expressly provided in Section 7.2) all the rights of a stockholder with respect to the Restricted Stock, including without limitation the right to exercise all voting rights with respect to the Restricted Stock and the right to receive cash
dividends with respect to the Restricted Stock. Stock dividends issued with respect to Restricted Stock will be treated as additional shares of Restricted Stock covered by the Award and will be subject to the same Restrictions. 
 (b) Restricted Stock Unit Awards. During the Restriction Period for any Award of Restricted Stock Units, the Non-Employee Director will not
have any rights as a stockholder with respect to the Restricted Stock Units (until shares of Stock have been issued in settlement of the Restricted Stock Units as described in Section 8). Non-Employee Directors holding a Restricted Stock Unit
Award will be credited with dividend equivalent additional Restricted Stock Units equal to the amount or value of any cash or other distributions or dividends payable during the Restriction Period with respect to an equal number of shares of Stock.

 7.4 Stock Certificates. 
 (a) Restricted Stock Awards. Certificates for shares of Restricted Stock subject to a Restricted Stock Award will be issued in the Non-Employee Director’s name and held by Corporation, together with
an executed counterpart of the Restricted Stock Award Agreement and Stock Power, until the Restrictions lapse at the expiration of the Restriction Period or until the Restricted Stock is forfeited as provided in Section 7.2. During the
Restriction Period, each certificate for shares of Restricted Stock will bear a legend in substantially the following form: 
 THE SHARES
EVIDENCED BY THIS CERTIFICATE WERE ISSUED AS RESTRICTED STOCK UNDER THE LOUISIANA-PACIFIC CORPORATION 2000 NON-EMPLOYEE DIRECTOR RESTRICTED STOCK PLAN (THE “PLAN”) AND ARE SUBJECT TO RESTRICTIONS ON THEIR TRANSFER, DISPOSITION, OR
ENCUMBRANCE SET FORTH IN THE PLAN. A COPY OF THE PLAN MAY BE OBTAINED FROM LOUISIANA-PACIFIC CORPORATION. 
 Certificates for shares of Restricted Stock may
also bear any other restrictive legends required by law or any other agreement. 
 (b) Restricted Stock Unit Awards. No stock
certificates will be issued in the Non-Employee Director’s name with respect to Restricted Stock Units until settlement of the Award of Restricted Stock Units pursuant to Section 8. 
  

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 8. Settlement of Awards 
 8.1 Settlement of Restricted Stock Award. Upon the Vesting of any Restricted Stock Award (due to expiration of the Restriction Period for
that Award): 
 (a) A new stock certificate for the shares of Stock subject to the Award will be issued in the Non-Employee
Director’s name, without the legend described in Section 7.4, and the new certificate, together with the Restricted Stock Award Agreement and Stock Power previously held by Corporation, will be delivered to the Non-Employee Director, and

 (b) The Stock will no longer be subject to the Restrictions. 
 8.2 Settlement of Restricted Stock Unit Award. Upon Vesting of a Restricted Stock Unit Award (due to expiration of the Restriction Period
for that Award), a stock certificate for a number of shares of Stock equal to the number of Restricted Stock Units subject to the Award will be issued in the Non-Employee Director’s name. The Stock represented by such certificate will not be
subject to the Restrictions. 
 8.3 Tax Withholding. As of the date the Plan was amended and restated in its current form,
income recognized by Non-Employee Directors with respect to Restricted Stock or Restricted Stock Units (upon Vesting or in connection with making an election under Code Section 83(b)) is treated as self-employment income that is not subject to
tax withholding. However, Corporation will have the right to withhold from any settlement of Restricted Stock or Restricted Stock Units made under the Plan (or deemed settlement due to a Code Section 83(b) election) any federal, state, or local
taxes of any kind subsequently required by law to be withheld or paid by Corporation on behalf of a Non-Employee Director with respect to such settlement. In the event any such taxes are imposed, each Non-Employee Director will be required to make
arrangements satisfactory to Corporation for the satisfaction of any such withholding tax obligation. Corporation will not be required to deliver shares under the Plan until any such obligation is satisfied. 
 8.4 Effect of Tax Election. In the event any Non-Employee Director makes a timely election under Code Section 83(b) with respect to
any Restricted Stock Award, the Restricted Stock will be deemed (for income tax purposes) to be transferred to the Non-Employee Director effective as of the Grant Date (and any obligation for withholding tax liability imposed by subsequent changes
in tax laws would be due as of the Grant Date). However, such an election will not affect the Restrictions or terminate the Restriction Period for such Award. No tax election under Code Section 83(b) may be made with respect to Restricted Stock
Unit Awards. 
 9. Adjustments Upon Changes in Capitalization, Etc. 
 9.1 Plan Does Not Restrict Corporation. The existence of the Plan and the Awards granted under the Plan do not affect or restrict in any
way the right or power of the Board or the stockholders of Corporation to make or authorize any adjustment, recapitalization, reorganization, or other change in Corporation’s capital 

  

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structure or its business, any merger or consolidation of Corporation, any issue of bonds, debentures, preferred or prior preference stocks ahead of or
affecting Corporation’s capital stock or the rights of such stock, the dissolution or liquidation of Corporation or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding. 
 9.2 Adjustments by the Committee. In the event of any change in capitalization affecting the Stock of Corporation, such as a stock
dividend, stock split, recapitalization, merger, consolidation, split-up, combination or exchange of shares or other form of reorganization, or any Extraordinary Distribution or other change affecting the Stock, the Committee will make proportionate
adjustments with respect to the aggregate number of shares of Stock for which Awards may be granted under the Plan and the number of shares of Stock or Restricted Stock Units covered by each outstanding Award. The Committee may also make similar
adjustments in the number of shares of Stock or Restricted Stock Units in the event of a spin-off or other distribution (other than normal cash dividends) of Corporation assets to stockholders that is not specifically addressed above in this
Section 9.2. 
 10. Amendment and Termination 
 The Board may amend, suspend, or terminate the Plan or any portion of the Plan at any time, provided that no amendment may be made without shareholder
approval if such approval is required by applicable law or the applicable requirements of a stock exchange or over-the-counter stock trading system. Amendment or termination of the Plan will not adversely affect the rights of Non-Employee Directors
under previously granted Awards. 
 11. Miscellaneous 
 11.1 Unfunded Plan. The Plan will be unfunded and Corporation will not be required to segregate any assets that may at any time be
represented by Awards under the Plan. Any liability of Corporation to any Non-Employee Director with respect to any Award under the Plan will be based solely upon the contractual obligations effected pursuant to the Plan. No such obligation of
Corporation will be deemed to be secured by any pledge of, or other encumbrance on, any property of Corporation. 
 11.2 Securities Law
Restrictions. No shares of Stock may be issued under the Plan unless counsel for Corporation is satisfied that such issuance will be in compliance with applicable federal and state securities laws. Certificates for shares of Stock delivered
under the Plan may be subject to such stop-transfer orders and other restrictions as the Committee may deem advisable under the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange upon which the
Stock is then listed, and any applicable federal or state securities law. The Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions (in addition to the legend described in
Section 7.4). 
  

 - 10 - 

 11.3 Conditions Precedent. Corporation will use its best efforts to obtain approval of the
Plan and all Awards by any state or federal agency or authority that Corporation determines has jurisdiction. If Corporation determines that any required approval cannot be obtained, each Award will terminate on notice to the Non-Employee Director
to that effect. Without limiting the foregoing, Corporation will not be required to issue any certificates for all or any portion of the Restricted Stock until Corporation has taken any action required to comply with all applicable federal and state
securities laws. 
 11.4 Successorship. Subject to restrictions on transferability set forth in the Plan, each Restricted Stock
Award under the Plan will be binding upon and benefit the parties, their successors and assigns. 
 11.5 Governing Law. Except
with respect to references to the Code or federal securities laws, the Plan and all actions taken thereunder will be governed by and construed in accordance with the laws of the state of Oregon. 
 11.6 Stockholder Approval. The Plan was approved by Corporation’s stockholders at Corporation’s 2003 annual meeting of
stockholders. The amendment to Section 6 of the Plan to increase the value of future annual grants under the Plan from $20,000 to $30,000 was approved by Corporation’s stockholders at the May 3, 2004, annual meeting of
Corporation’s stockholders. 
  

 - 11 - 

 APPENDIX 6.5 
 RESTRICTED STOCK AWARD AGREEMENT AND STOCK POWER 
  

			
	Corporation:	  	Louisiana-Pacific Corporation, a Delaware corporation
		
	Director:	  	_________________________, a Non-Employee Director of Corporation
		
	Plan:	  	The Louisiana-Pacific Corporation 2000 Non-Employee Director Restricted Stock Plan
		
	Restricted Stock:	  	______ shares of Corporation’s common stock subject to an Award made under the Plan as of the Grant Date
		
	Grant Date:	  	___________ 200__
		
	Certificate:	  	Stock certificate number ____ evidencing the Restricted Stock issued in Director’s name as of the Grant Date

 AGREEMENT 
 Corporation and Director agree as follows: 
 1. Defined Terms. Capitalized terms not otherwise
defined in this Agreement have the meanings given them in the Plan. 
 2. Grant of Restricted Stock. As of the Grant Date,
Corporation grants to Director an Award for the Restricted Stock. 
 3. Restrictions. Director acknowledges that the Restricted
Stock is subject to the Restrictions and all the terms and conditions set forth in the Plan, a copy of which is attached to this Agreement as Exhibit A. 
 4. Federal Tax Elections. Director agrees to notify Corporation promptly if Director makes an election under Code Section 83(b) with respect to the Restricted Stock. 
  

 -1- 

 5. Certificate. Director agrees that the Certificate for the Restricted Stock, together
with an executed counterpart of this Restricted Stock Award Agreement and Stock Power, will be held by Corporation until the expiration of the Restricted Stock Period with respect to this Award as described in the Plan. 
 STOCK POWER 
 Effective as of the
Grant Date, Director assigns and transfers to Corporation the shares of Restricted Stock evidenced by the Certificate and appoints ______________________ as attorney-in-fact to transfer the stock on the books of Corporation, with full power of
substitution. Although Director is the owner of the Restricted Stock, Corporation will hold the Certificate and this Stock Power during the Restriction Period described in the Plan. Upon expiration of the Restriction Period, Corporation will return
this Stock Power to Director, together with a new, unrestricted, certificate for the Restricted Stock. 
  

							
	Corporation:	 		 	LOUISIANA-PACIFIC CORPORATION
				
	 	 		 	By	 	  
				
	 	 		 	Its	 	  
				
	Director:	 		 	  	 	  

  

 -2- 

 APPENDIX 6.6 
 RESTRICTED STOCK UNIT AWARD AGREEMENT 
  

			
	Corporation:	  	Louisiana-Pacific Corporation, a Delaware corporation
		
	Director:	  	_________________________, a Non-Employee Director of Corporation
		
	Plan:	  	The Louisiana-Pacific Corporation 2000 Non-Employee Director Restricted Stock Plan
		
	Restricted Stock Units:	  	_____ Restricted Stock Units subject to an Award made under the Plan as of the Grant Date
		
	Grant Date:	  	___________ 200__

 AGREEMENT 
 Corporation and Director agree as follows: 
 1. Defined Terms. Capitalized terms not otherwise
defined in this Agreement have the meanings given them in the Plan. 
 2. Grant of Restricted Stock Units. As of the Grant
Date, Corporation grants to Director an Award for the Restricted Stock Units. 
 3. Restrictions. Director acknowledges that
the Restricted Stock Units are subject to the Restrictions and all the terms and conditions set forth in the Plan, a copy of which is attached to this Agreement as Exhibit A. 
  

							
	Corporation:	 		 	LOUISIANA-PACIFIC CORPORATION
				
	 	 		 	By	 	  
				
	 	 		 	Its	 	  
				
	Director:

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