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Exhibit 10.15    
    

Indalex Holdings Finance, Inc.

Amended and Restated Stock Option Grant Agreement  

        This Amended and Restated Grant Agreement ("Grant Agreement"), entered into on December 14, 2007, but effective as of May 31, 2006 (the "Effective
Date"), evidences the grant of an option pursuant to the provisions of the 2006 Stock Option Plan (the "Plan") of Indalex Holdings Finance, Inc. (the "Company") to the individual whose name
appears below (the "Optionee"), covering the specific number of shares of Non-Voting Common Stock (the "Shares") set forth below and on the following terms and conditions: 

	1.
	Name
of the Optionee: Mike Alger

	2.
	Number
of Shares subject to this option: 7,200

	3.
	Exercise
price per Share subject to this option: $111.25

	4.
	Date
of original grant of this option: May 31, 2006

	5.
	Type
of option: Non-qualified Option

	6.
	Vesting:

	a.
	Except
as otherwise expressly provided in Section 6 b. hereof, (i) 50% of the total number of Shares subject to this option shall vest as of the Effective Date and
(ii) the remaining 50% of the total number of Shares subject to this option shall vest as of May 31, 2008 (such that 100% of the total number of Shares shall be vested as of
May 31, 2008).

	b.
	Notwithstanding
anything to the contrary contained in Section 6 a. hereof, 100% of the total number of Shares subject to this option shall vest immediately prior to the
consummation of a Change in Control (as defined in Section 6 d. below) in connection with which the consideration paid to the Company or to its stockholders, as the case may be, consists
primarily of cash (as determined by the Board of Directors in its sole discretion).

	c.
	Notwithstanding
anything to the contrary contained herein, (i) this option shall not be exercisable, and shall be void and of no further force and effect, (x) after the
expiration of the option term, (y) on and after the start of the date on which the Optionee's employment with Sun Capital Partners, Inc. or any of its affiliates ("Sun") terminates for
Cause (as defined in the Plan), and (z) on and after the start of the date on which the Optionee breaches or violates any of the terms or provisions hereof, including without limitation any
provision of Annex A hereto, (ii) except as provided in Section 7 below, this option shall be exercisable only if the Optionee is, at the time of exercise, an employee of Sun,
(iii) except as provided in Section 13 of the Plan, this option shall in no event be exercisable for more than the total number of Shares provided for in Section 2 hereof and
(iv) vesting shall cease immediately upon termination of employment for any reason, and any portion of this option that has not vested on or prior to the date of such termination is forfeited
on such date. Once vesting has occurred, the vested portion can be exercised at the time or times specified in Section 7 below.

	d.
	For
purposes of this Section 6, "Change in Control" shall mean (i) any consolidation, merger or other transaction in which the Company is not the surviving entity or
which results in the acquisition of all or substantially all of the Company's outstanding shares of Common Stock by a single person or entity or by a group of persons or entities acting in concert or
(ii) any sale or transfer of all or substantially all of the Company's assets (excluding, however, for this purpose any real estate "sale-lease back" transaction);  provided, however, that the term "Change in Control" shall not include transactions either 

(x) with
affiliates of the Company or Sun (as determined by the Board of Directors in its sole discretion) or (y) pursuant to which more than fifty percent (50%) of the shares of voting
stock of the surviving or acquiring entity is owned and/or controlled (by agreement or otherwise), directly or indirectly, by Sun; provided,  further, that
a transaction shall not constitute a Change in Control unless the transaction also constitutes a change in the ownership or effective
control of the Company, or in the ownership of a substantial portion of the Company's assets, within the meaning of Section 409A(a)(2)(A)(v) of the Code and the regulations or other published
guidance (including, without limitation, Internal Revenue Service Notice 2005-1 and Proposed Regulation Section 1.409A-3) promulgated thereunder. 

	7.
	The
vested portion of this option can be exercised only until the earliest of the following dates:

	a.
	May 31,
2016;

	b.
	the
date of the consummation of a Change in Control; or

	c.
	the
date on which the Optionee's employment with Sun terminates; provided that if the Optionee's termination of employment (i) is not voluntary (other than a termination for
Cause), then any portion of the option exercisable pursuant to this Section 7(c) may also be exercised after the date of termination but on or before the 15th day of the
third calendar month following the date of termination or (ii) is due to death or Disability (as defined in the Plan), then any portion of the option exercisable pursuant to this
Section 7(c) may also be exercised after the date of termination but on or before the later of (A) December 31 of the year in which the Optionee's employment terminates or
(B) the 15th day of the third calendar month after the date on which the Optionee's employment terminates; provided further that, except in the case of termination due to
death or Disability, if the Optionee is a "specified employee" as defined in Section 409A(a)(2)(B)(i) of the Code, then the option shall instead be exercisable on the date that is six months
after the date of termination (or, if earlier, death of the Optionee).

	8.
	The
permitted exercise events specified in Section 7 are intended to comply with the provisions of Section 409A(a)(2) of the Internal Revenue Code of 1986, as amended
(the "Code"). The Company may reduce or expand the period of time following an event in which the vested portion of the option may be exercised if Internal Revenue Service guidance specifies that such
a reduction is required or that such an expansion is permitted under the provisions of Code Section 409A(a)(2). In addition, the Company may make any other changes to this Grant Agreement it
determines are necessary to comply with the provisions of Code Section 409A(a)(2) without the consent of the Optionee.

	9.
	The Optionee agrees to abide by the covenants and agreements set forth in Annex A hereto and incorporated by reference herein, and acknowledges that the
option being granted herein constitutes adequate and sufficient consideration in support of such covenants and agreements.

	10.
	The Optionee hereby acknowledges, understands, and agrees that by signing this Grant Agreement, the Optionee voluntarily and irrevocably forfeits any and all
rights, title, and interests the Optionee has or may have had in, to and under (a) any option agreement, option letter, or other similar document pursuant to which the Company (or any
Subsidiary or affiliate thereof) may have previously granted, or offered to grant, options in the Company (or any Subsidiary or affiliate thereof) to the Optionee and (b) any oral or written
commitment or promise regarding options that the Company (or any Subsidiary or affiliate thereof) may have made to the Optionee, except as to any options that have been previously exercised and paid
for by the Optionee.

	11.
	If
the Optionee is entitled to exercise the vested portion of this option, and wishes to do so, in whole or in part, the Optionee shall submit to the Company a notice of exercise, in
the form 

attached
as Annex B hereto, specifying the exercise date and the number of Shares to be purchased pursuant to such exercise, and shall remit to the Company in a form satisfactory to the Company
(in its sole discretion) the exercise price, plus an amount sufficient to satisfy any withholding tax obligations of the Company that arise in connection with such exercise (as determined by the
Company). 

	12.
	The
Optionee hereby acknowledges receipt of a copy of the Plan attached hereto as Annex C as presently in effect. Except as otherwise provided in this Grant Agreement, all of
the terms and conditions of the Plan are incorporated herein by reference (including, without limitation, the repurchase provisions of Paragraph 20 of the Plan) and this option is subject to
such terms and conditions in all respects. Capitalized terms that are used but not otherwise defined herein shall have the meanings given to such terms in the Plan. This Grant Agreement, the Plan and
that certain letter agreement, dated on or about the date hereof, between the Optionee and the Company constitute the entire agreement of the parties with respect to the subject matter hereof, and
supersede any prior written or oral agreements.

	13.
	Except
as otherwise provided herein and notwithstanding anything to the contrary in the Plan, any provision of this Grant Agreement may be amended or waived with the prior written
consent of the Company and either (i) the Optionee or (ii) the Plan participants who have been granted options to purchase a majority of the options under the Plan (based on the number
of underlying shares of Non-Voting Common Stock issuable upon the exercise of all such options) theretofore granted under the Plan (unless the Optionee will be treated in a manner
different from other Plan participants, in which case the Optionee's written consent will also be required).

	14.
	The Optionee hereby acknowledges, agrees and confirms that, upon his or her exercise of this option, the Optionee will be deemed to be a party to the
Stockholders' Agreement attached hereto as Annex D and shall have all of the rights and obligations of the "Minority Stockholders" thereunder as if the Optionee had executed the Stockholders'
Agreement. The Optionee hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in the Stockholders' Agreement.

        Nothing
in the Plan or this Grant Agreement shall confer upon the Optionee any right to continue in the employ of Sun, or interfere in any way with any right of the Sun to terminate such
employment at any time for any reason whatsoever (whether for cause or without cause) without liability to Sun. 

	Accepted and Agreed:	 	 	 	 
	

 	
 	

 	
 	

Indalex Holdings Finance, Inc.
	

/s/  MIKE ALGER      
	
 	

By:	
 	

/s/  TIM STUBBS      

	Mike Alger	 	Name:

Title:
	

Acknowledged and Agreed:	
 	

 	
 	

 
	

Sun Capital Partners, Inc.	
 	

 	
 	

 
	

By:	
 	

 	
 	

 	
 	

 
	 	 	
	 	 	 	 
	Name:

Title:	 	 	 	 

	 

	Attachments:	 	Annex A (Covenants and Agreements of Optionee)

Annex B (Form of Exercise Notice)

Annex C (The Plan)

Annex D (Stockholders' Agreement)

ANNEX A

 COVENANTS AND AGREEMENTS OF OPTIONEE  

        1.     Optionee
acknowledges the time and expense incurred by the Company in connection with developing proprietary and confidential information in connection with the Company's
business and operations. Optionee agrees that Optionee will not, whether during Optionee's service as an employee of Sun Capital Partners, Inc. or its affiliates ("Sun") or the Company or its
Subsidiaries or at any time thereafter, divulge, communicate, or use to the detriment of Sun or the Company and their respective affiliates (the "Group") or any other person, firm or entity,
confidential information or trade secrets relating to any member of the Group, including, without limitation, business strategies, operating plans, acquisition strategies (including the identities of
(and any other information concerning) possible acquisition candidates), financial information, market analyses, acquisition terms and conditions, personnel information, know-how, customer
lists and relationships, supplier lists and relationships, or other non-public proprietary and confidential information relating to any member of the Group. The foregoing confidentiality
agreement shall not apply if Optionee can show that the communication (i) is required in the course of performing Optionee's duties as an employee of Sun or the Company or its Subsidiaries,
(ii) is made with the Board of Directors' written consent, (iii) relates to information that is or becomes generally known by the public other than as a result of a breach hereof, or
(iv) is required by law or judicial or administrative process. 

        2.     During
Optionee's service as an employee of the Company or its Subsidiaries and for the two-year period thereafter, Optionee shall not, to the detriment of
any member of the Group, directly or indirectly, for Optionee or on behalf of any other person, firm or entity, employ, engage, retain, solicit, recruit or enter into a business affiliation with any
person who is an employee of any member of the Group, or attempt to persuade any such person to terminate such person's employment with any member of the Group, whether or not such person is a
full-time employee or whether or not such employment is pursuant to a written agreement or at-will. 

        3.     During
Optionee's service as an employee of the Company or its Subsidiaries and for the two-year period thereafter, Optionee shall not, to the detriment of
Sun or the Company or its Subsidiaries, directly or indirectly, for Optionee or on behalf of any other person, firm or entity, solicit or otherwise attempt to take away any supplier, vendor, or
customer of any member of the Group who Optionee solicited or did business with on behalf of Sun or the Company or its Subsidiaries or with whom Optionee otherwise became acquainted as a result of
Optionee's employment with Sun or the Company or its Subsidiaries. 

        4.     During
Optionee's service as an employee of the Company or its Subsidiaries and for the one-year period thereafter, Optionee shall not, directly or
indirectly, engage in, or serve as a principal, partner, joint venturer, member, manager, trustee, agent, stockholder, director, officer or employee of, or advisor to, or in any other capacity, or in
any manner, own, control, manage, operate, or otherwise participate, invest, or have any interest in, or be connected with, any person, firm or entity that engages in any activity which competes
directly or indirectly with any business of the Company or its subsidiary or parent companies (collectively, the "Company Business") anywhere in the United States of America or any other country in
which the Company Business was conducted or related sales were effected during the preceding two years. THIS PARAGRAPH 4 WILL NOT APPLY AND WILL NOT BE ENFORCED BY THE COMPANY WITH RESPECT TO
POST-TERMINATION ACTIVITY BY OPTIONEE THAT OCCURS IN CALIFORNIA OR IN ANY OTHER STATE IN WHICH THIS PROHIBITION IS NOT ENFORCEABLE UNDER APPLICABLE LAW. 

        5.     Whether
during or after the term of Optionee's service as an employee of Sun or the Company or its Subsidiaries, Optionee shall not disparage, defame or discredit any
member of the Group or engage in any activity which would have the effect of disparaging, defaming or discrediting any member of the Group, nor shall Optionee interfere with or disrupt the business
activities of any member of the Group, or engage in any activity which would have the effect of interfering with or disrupting the business activities of any member of the Group;  provided, however, that nothing in this 

Paragraph 5
or elsewhere in this Annex shall prevent Optionee from engaging in "whistle-blowing" or other activities expressly protected by applicable law, to the extent so protected. 

        6.     Optionee
acknowledges that Optionee's service as an employee of Sun or the Company or its Subsidiaries, as the case may be, and the agreements herein are reasonable and
necessary for the protection of Sun and the Company and its Subsidiaries and are an essential inducement to the Company's grant of the Option. Accordingly, Optionee shall be bound by the provisions
hereof to the maximum extent permitted by law, it being the intent and spirit of the parties that the foregoing shall be fully enforceable. However, the parties further agree that, if any of the
provisions hereof shall for any reason be held to be excessively broad as to duration, geographical scope, property or subject matter, such provision shall be construed by limiting and reducing it so
as to be enforceable to the extent compatible with the applicable law as it shall herein pertain. 

        7.     Optionee
acknowledges that the services to be rendered by Optionee to Sun or the Company or its Subsidiaries are of a unique nature and that it would be difficult or
impossible to replace such services and that by reason thereof Optionee agrees and consents that if Optionee violates the provisions of this Annex, Sun and the Company, in addition to any other rights
and remedies available under this Contract or otherwise, shall be entitled to an injunction to be issued or specific performance to be required restricting Optionee from committing or continuing any
such violation. 

ANNEX B

 Stock Option Plan of Indalex Holdings Finance, Inc.  

 Notice of Exercise of Stock Option  

        1.     Exercise of Option.    Pursuant to the 2006 Stock Option Plan of Indalex Holdings Finance, Inc. (the
"Plan") and my agreement with Indalex Holdings Finance, Inc. (the "Company") dated July [            ], 2007 (the
"Grant Agreement"), I hereby elect to exercise my nonqualified stock option (the "Option") to the extent
of                                    shares of Non-Voting Common
Stock of the Company (the "Shares"). 

        2.     Delivery of Payment.    I hereby deliver to the Company a cashier's check in the amount of
$                                    in
full payment of the purchase price of the Shares [determined by multiplying (a) the exercise price per Share as set forth in my Grant Agreement, by (b) the number of Shares
as to which I am exercising the Option] and in satisfaction of my obligation to remit to the Company an amount sufficient to satisfy any withholding tax obligations of the Company that
arise in connection with this exercise, or through such other payment method agreed to by the Company and permitted under the terms of the Plan. 

        3.     Representations.    In connection with my exercise of the Option, I hereby represent to the Company as follows: 

        (a)   I
am acquiring the Shares solely for investment purposes, with no present intention of distributing or reselling any of the Shares or any interest therein. I acknowledge
that the Shares have not been registered under the Securities Act of 1933, as amended (the "Securities Act"). 

        (b)   I
am aware of the Company's business affairs and financial condition and have acquired sufficient information about the Company to reach an informed and knowledgeable
decision to acquire the Shares. 

        (c)   I
understand that the Shares are "restricted securities" under applicable U.S. federal and state securities laws and that, pursuant to these laws, I must hold the Shares
indefinitely unless they are registered with the Securities and Exchange Commission and qualified by state authorities, or unless an exemption from such registration and qualification requirements is
available. I acknowledge that the
Company has no obligation to register or qualify the Shares for resale. I further acknowledge that if an exemption from registration or qualification is available, it may be conditioned on various
requirements including, but not limited to, the time and manner of sale, the holding period for the Shares, and requirements relating to the Company which are outside of my control, and which the
Company is under no obligation to and may not be able to satisfy. 

        (d)   I
understand that there is no public market for the Shares, that no market may ever develop for them, and that the Shares have not been approved or disapproved by the
Securities and Exchange Commission or any other federal, state or other governmental agency. 

        (e)   I
understand that the Shares are subject to certain restrictions on transfer set forth in the Plan. Both the Plan and the Grant Agreement are incorporated herein by
reference. 

        (f)    I
understand that any Shares purchased hereunder shall be subject to the Stockholders' Agreement of the Company dated as of February 2, 2006, as it may be amended
from time to time ("Stockholders' Agreement"), a copy of which has been provided to me, and that it is a condition to the exercise of my Option that I execute the attached signature page of the
Stockholders' Agreement, agreeing to be bound thereby. I have had a full and fair opportunity to review the Stockholders' Agreement prior to exercising the Option. 

        (g)   I
understand that the certificate representing the Shares will be imprinted with the following legends: 

THE
SHARES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE 

SECURITIES
LAW AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT COVERING SUCH SECURITIES OR THE COMPANY RECEIVES AN OPINION
OF COUNSEL FOR THE HOLDER OF THE SECURITIES, REASONABLY SATISFACTORY TO THE COMPANY, STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS
DELIVERY REQUIREMENTS OF SUCH ACT AND APPLICABLE STATE SECURITIES LAWS. 

THE
SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A RIGHT OF FIRST REFUSAL AND A REPURCHASE RIGHT IN FAVOR OF THE COMPANY OR ITS ASSIGNEE AS SET FORTH IN THE COMPANY'S STOCK OPTION PLAN.
SUCH RIGHT OF FIRST REFUSAL AND REPURCHASE RIGHT ARE BINDING ON TRANSFEREES OF THE SHARES REPRESENTED BY THIS CERTIFICATE. 

THIS
CERTIFICATE AND THE SECURITIES REPRESENTED HEREBY ARE HELD SUBJECT TO THE TERMS, COVENANTS AND CONDITIONS OF A STOCKHOLDERS' AGREEMENT DATED AS OF FEBRUARY 2, 2006, AS SUCH AGREEMENT MAY BE
AMENDED, BY AND AMONG THE STOCKHOLDERS OF INDALEX HOLDINGS FINANCE, INC., AND MAY NOT BE TRANSFERRED OR DISPOSED OF EXCEPT IN ACCORDANCE WITH THE TERMS AND PROVISIONS THEREOF. A COPY OF SAID
AGREEMENT AND ALL AMENDMENTS THERETO IS ON FILE AND MAY BE INSPECTED AT THE PRINCIPAL EXECUTIVE OFFICES OF THE COMPANY. 

        (h)   I
have consulted my own tax advisors in connection with my exercise of this Option and I am not relying upon the Company for any tax advice. 

        (i)    I
am presently an employee of Sun Capital Partners, Inc. or one of its affiliates. 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK] 

	Submitted by the Optionholder:	 	 	 	 
	

Date:	
 	

 	
 	

By:	
 	

 
	 	 	
	 	 	 	

	

 	
 	

 	
 	

Print Name:	
 	

 
	 	 	 	 	 	 	

	

 	
 	

 	
 	

Address:	
 	

 
	 	 	 	 	 	 	

	

 	
 	

 	
 	

 	
 	

 
	 	 	 	 	 	 	

	

 	
 	

 	
 	

Social Security No.	
 	

 
	 	 	 	 	 	 	

	

 	
 	

 	
 	

Received and Accepted by the Company:
	

 	
 	

 	
 	

Indalex Holdings Finance, Inc.
	

 	
 	

 	
 	

By:	
 	

 
	 	 	 	 	 	 	

	

 	
 	

 	
 	

Print Name:	
 	

 
	 	 	 	 	 	 	

	

 	
 	

 	
 	

Title:	
 	

 
	 	 	 	 	 	 	

        Note:    If options are being exercised on behalf of a deceased Plan participant, then this Notice must be signed by such
participant's personal representative and must be accompanied by a certificate issued by an appropriate authority evidencing that the individual signing this Notice has been duly appointed and is
currently serving as the participant's personal representative under applicable local law governing decedents' estates. 

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Exhibit 10.21  

 
 

INDALEX ANNUAL MANAGEMENT INCENTIVE PLAN
  PLAN DESCRIPTION
  PERFORMANCE YEAR—2007    
    

1.     Purpose of the Plan  

The
purpose of the Management Incentive Plan is to provide incentive compensation to those eligible Officers, Vice Presidents, and Selected Key Employees who contribute significantly to the growth and
success of the Company; to attract and retain individuals of outstanding ability; and to align the interests of those who hold positions of major responsibility in the Company with the interests of
the Company's shareholders. 

2.     Definitions  

When
used in the Plan, the following words and phrases have the following meanings: 

"Base
Salary" means the actual base pay earnings paid during the Performance Year as shown in the payroll records of the Company. For purposes of this Plan, base salary includes only base pay earnings
and overtime pay where applicable. Not included are any other bonuses, fees/allowances disability payments or other additional or special remunerations. 

"CEO"
means the Chief Executive Officer of the Company. 

"Company"
means Indalex Inc. and Indalex Limited. 

"Compensation
Committee" means the Chief Executive Officer, Chief Financial Officer, Chief Human Resource Officer and others as may be appointed by the Chief Executive Officer of the Company. 

"Participant"
means any Officer, Vice President or Selected Key Employee of the Company who is designated by the Compensation Committee to participate in this Plan, subject to meeting the Plan
eligibility standards. 

"Performance
Criteria" means those financial, operational or individual measures that are selected each Performance Year and are used to determine awards under the Plan. Performance criteria may be
established for company, plant, individual or other business unit results. 

"Target
Opportunity" means the targeted incentive amount for each Participant, expressed as a percent of base salary. 

"Threshold
Opportunity"—Minimum performance level at which Payouts begin. 

"Maximum
Opportunity"—Maximum performance level for Payout. 

"Provisional
Award"—The potential award to a Participant, determined as provided by this Plan and subject to the Participant meeting the eligibility standards in this Plan. 

"Performance
Year" means the fiscal year of the Company. 

"Performance
Target" means the level of performance that is judged acceptable by the Compensation Committee. 

3.     Administration of the Plan  

The
Plan will be administered by the CEO who shall have exclusive authority to amend, modify, suspend or terminate the Plan at any time with or without notice. 

At
the beginning of each Performance Year, the Compensation Committee will determine the Participants, size of awards, Performance Criteria and Performance Targets, and other plan design and
administrative criteria. 

At
the conclusion of each Performance Year, the Company's Compensation Department will prepare a schedule indicating actual performance compared to Target and the Provisional Award levels for each
Participant. The Compensation Committee will review the prepared schedule. Final approval by the CEO and certification by the Compensation Committee, using audited annual financial results by the
Company's outside auditors, will be obtained before the schedule is used for directing payment of awards. 

All
decisions regarding the interpretation, application and administration of this Plan and eligibility for awards under this Plan shall be made the CEO or the Compensation Committee in their sole
discretion and shall be final and binding. 

4.     Individual Performance Criteria  

The
Performance Criteria to be used to measure actual performance for establishing award opportunity in the Plan shall be weighted to provide incentive recognition based on company objectives. The
Compensation Committee will establish the percentage allocation for each Performance Criteria (the sum of which shall equal 100%) to be used to measure actual performance. A Participant's individual
allocation of Performance Criteria (the "Incentive Sheet") will be communicated to each Participant by the Vice President, Administration at the time they are established. The Incentive Sheet(s) for
each individual will serve as the only official record of participation and criteria used for determining payouts and payout amounts under the Plan. 

5.     Determination of Awards  

As
soon as practicable after the end of each Performance Year, the Compensation Committee will determine the actual level of performance for each criterion. This actual level of performance will be
compared to the Target and a deviation from Target will be computed. This deviation from Target, expressed as a percent, will determine Provisional Awards, if any, for each individual and for all
Participants combined, referred to as the Payout Pool. 

No
awards are payable for a Performance Criterion if actual performance falls below the predetermined threshold level of performance. No additional awards are payable for a Performance Criterion if
actual performance exceeds the predetermined maximum award level. The achievement of any criteria, including eligible profits, pertaining to the payment of any award amount will be at the sole
determination and discretion of the Chief Executive Officer. 

6.     Revised Award Levels and Performance Criteria  

For
Participants who are assigned to different position levels during the Plan Year, the Compensation Committee, at any time, may establish revised award levels and Performance Criteria for that
Participant. An Incentive Sheet will be prepared and distributed to the Participant by the Vice President, Administration to document each such position change and shall serve as the only official
document to be used for purposes of determining any payouts under the Plan. Pro-rata calculations will be made where bonus potential, or assigned bonus criteria have changed during the
course of the performance year. 

7.     Form of Payment  

All
awards under the Plan will be paid in cash, in one lump sum, subject to such payroll taxes and other deductions, if any, as may be in effect at the time of payment. 

8.     Timing of Payment  

All
awards will be paid as soon as practicable after the Performance Year, and in any event not later than March 15 of the following year. 

9.     Eligibility  

Except
as otherwise expressly provided in this section, to be eligible for an award under this Plan a Participant must be actively employed with the Company on the actual day that payment(s) under the
Plan are made. Any employee whose employment terminates prior to the day such payment(s) are made shall not be eligible for an award except as expressly provided in this section. In respect of any
Plan Year, if a Participant is terminated by the Company for whatever reason, or is under notice of termination, given or received, for whatever reason, or terminates his or her employment for
whatever reason, prior to the payment of any award applicable to such performance year, he/she shall not be eligible for an award. In addition, any Participant who commits a gross safety violation
during the performance year as determined at the sole discretion of the Compensation Committee will not be eligible for an award. 

A
Participant whose employment terminates due to death, or retirement with the consent of the Compensation Committee will be paid a pro-rata portion of any award based on the date of
death, or retirement. Such prorated payments will be made at the time and in the form that all payments are normally made to all other Participants. Awards and payments made under the Plan are not
eligible for inclusion in redundancy or termination settlement. 

10.   New Participants  

Awards
for new Participants will be prorated from either the date of hire or a date determined by the Compensation Committee. Participants hired on or after November 1 in any performance year
are not eligible to participate in the Plan for the performance year in which hired. 

11.   Absence from Work  

In
the event of a Participant being absent from work, for any reason, for more than three (3) months, paid or unpaid, in any performance year, any award or payment will be calculated on a
pro-rata basis. Participants on leave of absence at the time any award or payout is made will receive any award or payout due them upon their return to active status. 

12.   Miscellaneous  

The
Plan is to be self-financing and, therefore, profits will be stated after deducting the cost of all awards and payouts. 

Payouts
will be calculated based on the payout potential as of April 1 of the performance year unless changed subsequently. 

No
Participant shall have the right to anticipate, alienate, sell, transfer, assign, pledge or encumber his or her right to receive any award made under the Plan. 

No
Participant shall have any lien on any assets of the Company by reason of any award made under the Plan. 

The
adoption of the Plan does not imply any commitment to continue the same plan, or any other plan for incentive compensation for any succeeding year. Neither the Plan nor any award made under the
Plan shall create any employment contract or relationship between the Company and any Participant or restrict in any way the Company's right to terminate employment at will. 

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INDALEX ANNUAL MANAGEMENT INCENTIVE PLAN PLAN DESCRIPTION PERFORMANCE YEAR—2007

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