Document:

Exhibit 10.7

[Director - Employee]

THIS DOCUMENT CONSTITUTES PART OF THE SECTION 10(a) PROSPECTUS COVERING SECURITIES THAT HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933.
Franklin Electric Co., Inc. 2012 Stock Plan
Performance Stock Unit Award Agreement

The employee identified below has been selected to be a Participant in the Franklin Electric Co., Inc. 2012 Stock Plan (the “Plan”), and has been granted a Performance Stock Unit (“PSU”) Award (the “Award”) as outlined below:
Participant:                          
Date of Award:                      
Number of PSUs Subject to Award:          *
End of Performance Period:              

*  On March 18, 2013, the target number of PSUs subject to Award will be doubled pursuant to Section 4.3 of the Plan to reflect the 2-for-1 stock dividend that will be paid to persons who held the Company's common stock as of March 4, 2013 (the record date).
________________________

This Performance Stock Unit Award Agreement (this “Agreement”), effective as of the Date of Award set forth above, is between Franklin Electric Co., Inc., an Indiana corporation (the “Company”), and the Participant named above.  The parties hereto agree as follows:
The Plan provides a complete description of the terms and conditions governing the Award.  If there is any inconsistency between the terms of this Agreement and the terms of the Plan, the Plan's terms shall govern.  All capitalized terms shall have the meanings ascribed to them in the Plan, unless specifically set forth otherwise herein.  A copy of the Plan is attached hereto and the terms of the Plan are hereby incorporated by reference.
		
	1.
	Grant of PSUs.  The Company hereby grants to the Participant the Award of PSUs.  A PSU is the right, subject to the terms and conditions of the Plan and this Agreement, to receive a distribution of a share of Common Stock for each PSU as described in Section 7 of this Agreement.

		
	2.
	Acceptance by Participant.  The receipt of the Award is conditioned upon the acceptance of this Agreement by the Participant.  The Participant must accept this Award and Agreement on the EASi website (www.easiadmin.com/sys/login.aspx) within 60 days after receipt of the Award notification from EASi.

		
	3.
	PSU Account.  The Company shall maintain an Account (“PSU Account”) on its books in the name of the Participant which shall reflect the number of PSUs awarded to the Participant.

		
	4.
	Dividend Equivalents.  Upon the payment of any dividends on Common Stock occurring during the period preceding the date the PSUs are settled in Common Stock and distributed to the Participant as described in Section 8, the Company shall credit the Participant's PSU Account with an amount equal in value to the dividends that the Participant would have received had the Participant been the actual owner of the number of shares of Common Stock represented by the PSUs in the Participant's PSU Account on that date.  Such amounts shall be paid to the Participant in cash at the time and to 

the extent the PSUs are distributed to the Participant.  Any dividend equivalents relating to PSUs that are forfeited shall also be forfeited.

		
	5.
	Vesting.

		
	(a)
	Except as described below, the Participant shall become vested in his Award on the last day of the Performance Period if he remains in continuous employment with the Company or a subsidiary until such date.

		
	(b)
	If prior to the last day of the Performance Period the Participant's employment with the Company and all subsidiaries terminates due to the Participant's death, disability or retirement, and the Participant's service on the Board does not continue thereafter, the Award shall remain outstanding and after the end of the Performance Period shall be adjusted as described in Section 7.  The Participant shall vest in a number of PSUs subject to the Award as adjusted, determined by multiplying the number of adjusted PSUs by a fraction, the numerator of which is the number of full months that elapsed from the first day of the Performance Period to the date of termination of employment and the denominator of which is the number of full months in the Performance Period.

		
	(c)
	If prior to the end of the Performance Period the Participant's employment with the Company and all subsidiaries terminates for any reason and the Participant's service on the Board continues thereafter, the Participant shall continue to vest in his Award as if he had continued in employment.  If the Participant's service on the Board subsequently terminates prior to the end of the Performance Period due to death, the Participant's conclusion that he is no longer able to serve due to a condition that meets the definition of disability (provided the Board concurs that there is such a disability), or retirement, the Award shall adjust and vest as described in Section 5(b), with the numerator of the fraction including full months of employment with the Company and service on the Board.

		
	(d)
	If prior to the last day of the Performance Period there is a Change in Control of the Company, the Participant's Award shall immediately vest as of such date and shall not be subject to the adjustment described in Section 7.

		
	(e)
	Any PSUs that do not vest as described above upon the Participant's termination of employment or termination of service on the Board shall be forfeited to the Company.

		
	(f)
	For purposes of this Section 5: (i) “disability” (A) while the Participant is employed, has the meaning, and will be determined, as set forth in the Company's long term disability program in which the Participant participates, and (B) while the Participant is a Non-Employee Director means the inability of the Participant to engage in any substantial mental impairment which is expected to result in death or disability or which has lasted or can be expected to last for a continuous period of not less than 12 months; and (ii) “retirement” (A) while the Participant is employed means the Participant's termination from employment with the Company and all subsidiaries without cause (as determined by the Committee in its sole discretion) when the Participant is 65 or older or 55 or older with 10 years of service with the Company and its subsidiaries, and (B) while the Participant is a Non-Employee Director means the termination of service on the Board when he is 72 or older.

		
	6.
	Forfeiture.  The Award shall be forfeited to the Company upon the Participant's termination of employment with the Company and all subsidiaries for any reason other than the Participant's death, 

disability or retirement (as described in Section 5 above) that occurs prior to the last day of the Performance Period.  The foregoing provisions of this Section 6 shall be subject to the provisions of any written employment, severance or similar agreement that has been or may be executed by the Participant and the Company, and the provisions in such agreement concerning the vesting of the Award shall supersede any inconsistent or contrary provision of this Section 6.

		
	7.
	Adjustment of PSUs.  The number of PSUs subject to the Award as described in the Award letter shall be adjusted by the Committee after the end of the Performance Period based on the level of achievement of the previously established performance goal, as described on Exhibit A attached hereto.  Any Award that vests in accordance with Section 5(d) prior to the end of the Performance Period shall not be adjusted pursuant to this Section 7.

		
	8.
	Settlement of Award.  If the Participant becomes vested in his Award in accordance with Section 5, the Company shall distribute to him, or his personal representative, beneficiary or estate, as applicable, a number of shares of Common Stock equal to the number of vested PSUs subject to the Award, as adjusted in accordance with Section 7, if applicable.  Such shares shall be delivered as soon as practicable after the Committee determines the level of achievement of the performance goal, but no later than May 1 following the end of the Performance Period, or, in the case of an Award that vests in accordance with Section 5(d), within 30 days following the date of vesting.

		
	9.
	Confidentiality and Non-Compete Agreement.  Notwithstanding any other provision of this Agreement, in the event the Committee determines that the Participant has breached any provision of the Confidentiality and Non-Compete Agreement in effect between the Participant and the Company, (a) to the extent not vested, the Award shall be forfeited by written notice from the Committee and (b) to the extent the Award has vested, the Participant shall, within 30 days of receipt of such written notice from the Committee, remit to the Company either (i) a number of shares of Common Stock previously received in connection with the vesting of the Award (determined prior to any withholding of any applicable taxes), or (ii) a cash payment equal to the number of such shares previously received, multiplied by the closing price of the Common Stock on the date the Award vested.  The Company shall be entitled, as permitted by applicable law, to deduct the amount of such payment from any amounts the Company may owe to the Participant.

		
	10.
	Withholding Taxes.  If applicable, the Participant shall pay to the Company an amount sufficient to satisfy all minimum Federal, state and local withholding tax requirements prior to the delivery of any shares of Common Stock.  Payment of such taxes may be made by one or more of the following methods:  (a) in cash, (b) in cash received from a broker-dealer to whom the Participant has submitted a notice and irrevocable instructions to deliver to the Company proceeds from the sale of a portion of the shares subject to the Award, (c) by delivery to the Company of other Common Stock owned by the Participant that is acceptable to the Company, valued at its then fair market value, and/or (d) by directing the Company to withhold such number of shares of Common Stock otherwise issuable in connection with the Award with a fair market value equal to the amount of tax to be withheld.

		
	11.
	Rights as Shareholder.  The Participant shall not be entitled to any of the rights of a shareholder of the Company with respect to the Award, including the right to vote such shares and to receive dividends and any other distributions, until and to the extent the Award is settled in shares of Common Stock.

		
	12.
	Share Delivery.  Delivery of any shares in connection with settlement of the Award will be by book-entry credit to an account in the Participant's name established by the Company with the Company's transfer agent, or upon written request from the Participant (or his personal representative, beneficiary 

or estate, as the case may be) in certificates in the name of the Participant (or his personal representative, beneficiary or estate).

		
	13.
	Award Not Transferable.  The Award may not be transferred other than by will or the applicable laws of descent or distribution or pursuant to a qualified domestic relations order.  The Award shall not otherwise be assigned, transferred, or pledged for any purpose whatsoever and is not subject, in whole or in part, to attachment, execution or levy of any kind.  Any attempted assignment, transfer, pledge, or encumbrance of the Award, other than in accordance with its terms, shall be void and of no effect.

		
	14.
	Administration.  The Award shall be administered in accordance with such administrative regulations as the Committee shall from time to time adopt.  It is expressly understood that the Committee is authorized to administer, construe, and make all determinations necessary or appropriate to the administration of the Plan and this Agreement, all of which shall be binding upon the Participant.

		
	15.
	Governing Law.  This Agreement, and the Award, shall be construed, administered and governed in all respects under and by the laws of the State of Indiana.

*          *          *
By accepting this Agreement, the Participant agrees to be bound by the terms hereof.EX101_Q1.13

RESTRICTED STOCK AWARD
(LEADERSHIP TEAM)
PURSUANT TO THE SPARTECH CORPORATION 
2004 EQUITY COMPENSATION PLAN

Award No.:    RS-2013- ______
Award Date:    December 12, 2012
Participant:    ___________________________
Award Shares:    ___________________________
		
	Vesting Date(s):
	_______ shares on December 12, 2013     
_______ shares on December 12, 2014     
_______ shares on December 12, 2015     
_______ shares on December 12, 2016

THIS RESTRICTED STOCK AWARD (“Award”) is granted by Spartech Corporation (the “Company”) to the individual named above (“Participant”), as of the date specified above (the “Award Date”), pursuant to the Spartech Corporation 2004 Equity Compensation Plan (as amended and in effect from time to time, the “Plan”).  Capitalized terms not defined herein have the meanings given to them in the Plan.
Subject to the terms and conditions set forth in this Award and the Plan, and subject to the Participant’s written acknowledgment and acceptance of this Award, the Company hereby grants to the Participant all rights, title and interest in and to the number of shares of Company common stock, $.75 par value per share (“Common Stock”) specified above (the “Award Shares”).
This Award is subject to the terms of the Plan and to all of the terms and conditions contained in Exhibit A, which begins on the following page and which is a part of this Award.  Among other things, Exhibit A contains important additional information on vesting and forfeiture of the Award Shares.
THIS AWARD IS VOID UNLESS IT IS SIGNED BY THE PARTICIPANT AND RETURNED TO THE COMPANY BY THE 60TH DAY AFTER THE AWARD DATE.
SPARTECH CORPORATION

By:                        
Victoria M. Holt 
President and Chief Financial Officer

*     *     *     *     *     

By signing below, the Participant hereby acknowledges and accepts the above Award subject to the terms set forth above and in the Plan, and also acknowledges receipt of a copy of the Plan and the current Prospectus for the Award Shares.
Participant:                      
Date Signed:                    

EXHIBIT A
TO
RESTRICTED STOCK AWARD

1.    RIGHTS OF PARTICIPANT WITH RESPECT TO AWARD SHARES.  Subject to the restrictions set forth in this Award, the Participant shall have all rights as a stockholder with respect to the Award Shares, including the right to vote and receive dividends and other distributions on the Award Shares.
2.    CERTAIN RESTRICTIONS WITH RESPECT TO AWARD AND AWARD SHARES.
(a)    Non-Transferability of Award.  This Award, and any unvested Award Shares, shall not be transferable other than by the Participant’s last will and testament or the laws of descent and distribution, or by court order.  No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, or torts of the Participant.
(b)    Assurance of Compliance.  To ensure compliance with the terms of this Award, and as a condition of the issuance of the Award Shares, the Participant hereby:
		
	(i)
	Agrees that certificates or accounts for unvested Award Shares may bear a legend or otherwise be subject to the restrictions imposed by this Award;

		
	(ii)
	Agrees that the Company may retain custody, either directly or through an agent, of any unvested Award Shares either in certificate or book entry form at the Company’s option;

		
	(iii)
	Agrees to execute such stock powers or other documents, if required, as the Company may require in order to transfer and/or redeliver any unvested Award Shares to the Company if and when provided by this Award; and

		
	(iv)
	Irrevocably appoints the Secretary or Assistant Secretary of the Company as the Participant’s attorney-in-fact to take any other action necessary to ensure such compliance.

3.    VESTING OF AWARD SHARES.
(a)    Vesting Date.  Except as otherwise provided in this Award, the Award Shares shall become non-forfeitable, or “vest,” on the “Vesting Date(s)” set forth above.  Upon vesting of the Award Shares, the Company shall release the Award Shares which have vested to or as directed by the Participant, subject to Section 5.
(b)    Acceleration of Vesting Upon Death or Disability.  Upon the Participant’s death or Disability, all unvested Award Shares shall immediately vest, and, subject to Section 5, the Company shall deliver the Award Shares which have become vested:
		
	(i)
	In the case of the Participant’s death, to or as directed by the person or persons to whom the Participant’s rights under this Award shall have passed by will or by the applicable laws of descent and distribution; or

		
	(ii)
	In the case of the Participant’s termination as a result of Disability, to or as directed by the Participant or the Participant’s personal representative.

(c)    Acceleration of Vesting Upon Termination Without Cause or With Good Reason Following a Change in Control.  If the Participant’s Employment is terminated (i) by the Company without Cause, or (ii) by the Participant with Good Reason, in each case in connection with or within the 24 month period following the first occurrence of a Change in Control after the Award Date, then all then unvested and outstanding Award Shares shall immediately vest, and, subject to Section 5, the Company shall deliver to or as directed by the Participant the Award Shares which have become vested.
4.    FORFEITURE OF UNVESTED AWARD SHARES.  If, prior to the vesting of all of the Award Shares, the Participant’s Employment terminates for any reason (whether voluntary or involuntary and whether with or without cause) other than as set forth in Sections 3(b) or (c), then immediately after such termination all unvested Award Shares shall be forfeited by the Participant and transferred back to the Company.
5.    TAXES.
(a)    Tax Withholding.  Unless the Participant makes advance arrangements satisfactory to the Company to reimburse the Company in a timely manner for the withholding taxes payable by the Company under any federal, state or local tax law related to the grant of this Award or the vesting of the Award Shares, the Company:
		
	(i)
	May withhold, or cause to be withheld, from the Award Shares otherwise deliverable to the Participant under this Award, a number of such shares having a fair market value on the applicable Vesting Date sufficient to satisfy its tax withholding obligations at the minimum statutory rate, and

		
	(ii)
	May take such other action as may be necessary or appropriate to satisfy any such tax withholding obligations.

(b)    Valuation for Tax Purposes.  For income and withholding tax purposes, the per-share fair market value of the Award Shares on a given date shall be deemed to be the closing price of the Company’s common stock on the New York Stock Exchange on such date (or if such date is not a trading day, then the opening price on the next trading day), except to the extent a different valuation method is required to be used by applicable tax laws or regulations.
(c)    No Commitment As to Tax Treatment.  Neither the Company nor any subsidiary makes any commitment or guarantee that any federal or state tax treatment will apply or be available to the Participant.  The Participant agrees to indemnify the Company for the Participant’s portion of any social insurance obligations or taxes arising under any foreign law with respect to the grant of this Award, the vesting of the Award Shares, or the sale or other disposition of the Award Shares.
6.    ADDITIONAL DEFINITIONS.  For purposes of this Award:
(a)    “Cause” means, in each case as determined in the reasonable discretion of the Company’s Board of Directors or the board of directors of a successor or parent entity (the “Board”): 
		
	(i)
	The Participant being convicted of (or pleading nolo contendere to) the commission of a crime that constitutes a felony; 

		
	(ii)
	Acts of the Participant which constitute willful fraud or dishonesty on the part of the Participant in connection with the Participant’s duties; 

		
	(iii)
	The Participant willfully engaging in conduct materially injurious to the Company or gross misconduct, including but not limited to the willful or grossly negligent failure or refusal of the Participant to comply with the lawful instruction of the Board, after a written demand for compliance is delivered to the Participant by the Board which specifically identifies the manner in which the Board believes that the Participant has violated this provision; 

		
	(iv)
	The Participant’s failure, whether or not intentional, to fully comply with: (A) the Company’s Code of Business Conduct and Ethics for Directors, Officers and Employees, or (B) if applicable, the Company’s Code of Ethics for Chief Executive Officer and Senior Financial Officers, or (C) the Company’s Statement of Policy Regarding Securities Trades by Company Personnel; or 

		
	(v)
	The Participant’s failure to fully cooperate in good faith with any internal, governmental or regulatory investigation involving or in any way related to the Company or its operations.  Any act or failure to act based upon authority given pursuant to a resolution duly adopted by the Board or based on the advice of a senior officer or counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by the Participant in good faith and in the best interests of the Company.

		
	(b)
	“Change in Control” means:

		
	(i)
	The occurrence of the “Distribution Date” as such term is defined in the Rights Agreement dated as of April 2, 2001 between the Company and Mellon Investor Services LLC; or

		
	(ii)
	If the “Redemption Date” or the “Final Expiration Date,” as such terms are defined in the aforesaid Rights Agreement, has occurred, the acquisition by any Person of 50% or more of the combined voting power of all the Company’s then outstanding voting securities, unless prior to such acquisition the Board has approved such acquisition and determined that it is in the best interests of the Company and its shareholders; or

		
	(iii)
	The consummation (i.e., closing) of any merger, consolidation or other transaction involving the Company, or of any one of a series of related transactions, as a result of which (A) the Company would not be the surviving corporation, or (B) the holders of the Company’s common stock immediately prior to such transaction would not own at least a majority of the voting power of the Company immediately after the transaction in substantially the same relative proportions as they owned the Company’s common stock immediately prior to the transaction, or (C) the Company’s common stock would be converted into cash or other securities of the Company other than voting securities having substantially the same relative and proportionate voting power in the entity or entities surviving the transaction as the common stock has immediately prior to the transaction; or

		
	(iv)
	The commencement of any tender offer subject to Section 14(d) of the Exchange Act for 20% or more of the Company’s common stock; if the person making such offer could own 50% or more of such common stock when the tender offer terminates; or

		
	(v)
	Any change or changes in the composition of the Board within any twenty-four month period such that the individuals constituting the Board at the beginning of such period, together with any individuals who became directors after the beginning of such period whose election by the Board or nomination for election by the Company’s shareholders was approved by at least a majority of the directors who were on the Board at the beginning of such period or whose election was previously approved in the same manner, cease to constitute a majority of the Board; or

		
	(vi)
	The approval by the stockholders of the Company of a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of all or substantially all the Company’s assets.

For the avoidance of doubt, the closing of the transactions contemplated under that certain Agreement and Plan of Merger by and among PolyOne Corporation,, the Company and certain other parties, dated October 23, 2012, shall constitute a “Change in Control” as defined above in section (iii).  For purposes of this definition, “Person” shall have the meaning given in Section 3(a)(9) of the Exchange Act, as modified and used in Sections 13(d) and 14(d) thereof; however, a Person shall not include (1) the Company or any of its subsidiaries, (2) a trustee or other fiduciary holding securities under an employee benefit plan of the Company or any of its subsidiaries, (3) an underwriter temporarily holding securities pursuant to an offering of such securities, or (4) a corporation owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of Company stock.
(c)    “Disability” means the condition of being “disabled” as defined in Section 409A(a)(2)(C) of the Internal Revenue Code (the “Code”).  Unless otherwise required under applicable provisions of the Code, the Disability of a Participant shall be determined by a licensed physician chosen by the Company.
(d)    “Employment” means substantially full-time employment by the Company or a subsidiary.  In this regard, the transfer of the Participant’s employment between the Company and a subsidiary or between subsidiaries shall not be deemed to be a termination of Employment.  Moreover, the Participant’s Employment shall not be deemed to have been terminated because of absence from active employment on account of temporary illness or authorized vacation or temporary leaves of absence from active employment granted by the Company or a subsidiary for reasons of professional advancement, education, health, or government service, or during military leave for any period if the Participant returns to active employment within 90 days after the termination of military leave, or during any period required to be treated as a leave of absence by virtue of any valid law or agreement.  The Committee’s determination in good faith regarding whether a termination of Employment has occurred shall be conclusive.
(e)    “Good Reason” means any of the following: (i) one or more reductions of the Participant’s base salary amounting to 10% or more from the Participant’s highest previous base salary, provided that any reduction which is generally consistent with across-the-board reductions in pay of the Company as a whole shall not be counted for this purpose unless a Change in Control has occurred; (ii) a material change in the geographic location at which the Participant provides services as of the date of this Award, which shall be deemed to include the Company’s requiring the Participant to be based at any office or location greater than 50 miles from the office of the Company at which the Participant is employed as of the date of this Award; (iii) a material reduction in the Participant’s authorities, duties, and responsibilities or in the authorities, duties and responsibilities of the Participant’s supervisor; (iv) a material reduction in the budget over which the Participant retains authority; or (v) one or more other actions by the Company which collectively amount to a material breach of this Award Agreement or any other agreement between the Participant and the Company and thus constitutes a constructive discharge of the Participant.  Notwithstanding the foregoing, Good Reason shall not be deemed to exist unless: (x) the Participant notifies the Company in writing of the condition allegedly giving rise to such Good Reason within 90 days of the initial existence of such condition, (y) the Company does not cure such condition within 30 days of such notice, and (z) the Participant terminates employment with the Company as a result of such Good Reason within 120 days of the initial existence of such condition.
7.    SECURITIES LAW RESTRICTIONS.  The Participant agrees that if at the time of acquisition or delivery of any Award Shares issued hereunder the sale of such shares is not covered by an effective registration statement filed under the Securities Act of 1933 (the “Act”), the Participant will acquire the Award Shares for the Participant’s own account and without a view to resale or distribution in violation of the Act or any other securities law, and that the Participant will enter into such written representations, warranties and agreements as the Company may reasonably request in order to comply with the Act or any other securities law or with this Award.
8.    REORGANIZATION OF THE COMPANY; ADJUSTMENT OF AWARD SHARES.  The existence of this Award shall not affect in any way the right or power of the Company or its stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company’s capital structure or its business, or any merger or consolidation of the Company, or any issue of bonds, debentures, preferred or prior preference stock ahead of or affecting the Award Shares or the rights thereof, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of the Company’s assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise.  However, if the Common Stock is subdivided, consolidated, increased, decreased, changed into or exchanged for a different number or kind of shares or other securities, whether through reorganization, merger, recapitalization, reclassification, capital adjustment or otherwise, or if the Company shall issue common stock or other securities as a dividend or upon a stock split, then for all purposes, references herein to Common Stock or to Award Shares shall mean and include all securities or other property (other than cash) that holders of the Common Stock are entitled to receive in respect of the Common Stock by reason of each such event, which securities or other property (other than cash) shall be treated in the same manner and shall be subject to the same restrictions as the underlying Award Shares.  In computing any adjustment hereunder, any fractional share or other fractional security which might otherwise become subject to issuance may be eliminated.  
9.    NO GUARANTEE OF EMPLOYMENT OR OTHER CONTRACT RIGHT.  This Award is not a contract of employment, and neither this Award nor the Plan shall confer upon the Participant any right with respect to continuance of employment or other service with the Company or any subsidiary, or interfere in any way with any right the Company or any subsidiary would otherwise have to terminate the Participant’s employment or other service.  Receipt of this Award shall not be deemed to create a right to receive any future restricted stock, restricted stock unit, performance share or performance unit, stock option, stock appreciation right or other award or bonus in any form, and shall not constitute an acquired labor right for purposes of any foreign law.  This Award is not a part of the Participant’s salary or wages and shall not afford the Participant any additional right to severance payments or other termination awards or compensation under any Company policy or any domestic or foreign law as a result of the termination of the Participant’s employment for any reason whatsoever.
10.    AMENDMENT AND TERMINATION.  No amendment or termination of this Award which would impair the rights of the Participant may be made without the written consent of the Participant.  No amendment or termination of the Plan may impair the rights of the Participant under this Award without the written consent of the Participant.
11.    SEVERABILITY.  If any provision of this Award shall be held illegal, invalid, or unenforceable for any reason, such provision shall be fully severable and shall not affect the remaining provisions of this Award, and this Award shall be construed and enforced as if the illegal, invalid, or unenforceable provision had never been included herein.
12.    GOVERNING LAW.  This Award shall be construed in accordance with the laws of the State of Missouri.
13.    SUCCESSORS.  Subject to Section 2(a) above, this Award shall bind and inure to the benefit of the Participant and the Company and their respective successors and assigns, and any reference herein to the Company shall be deemed to be a reference to any such successor or assign to the Company.

END OF EXHIBIT A

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