Document:

Exhibit

EXHIBIT 10.7(a)

AMENDED WORKING COPY OF
COLUMBIA SPORTSWEAR COMPANY
401(k) EXCESS PLAN

As Amended by Amendments Nos. 1-8

Columbia Sportswear Company
An Oregon Corporation
14375 NW Science Park Drive
Portland, OR  97229-5418

Columbia Sportswear Company (the Company) establishes this 401(k) Excess Plan (the Plan) for a select group of management or highly compensated employees.  The Plan is intended to permit eligible employees to defer amounts in excess of the amounts that may be deferred under the Columbia Sportswear Company 401(k) Profit Sharing Plan (the Qualified Plan) and receive matching contributions on certain of those deferrals, if the Company, in its discretion, makes such contributions.  The Plan is intended to be an unfunded, nonqualified Plan that complies with §409A of the Internal Revenue Code of 1986, as amended, (the Code) and related regulations and the related trust is intended to comply with the rules regarding grantor trusts.

1.    Relevant Dates; Adoption by Affiliates

1.1    This Plan shall be effective April 1, 2008.

1.2    The Plan Year shall be the calendar year, except that the first Plan Year shall be a short year beginning on the effective date in 1.1 above and ending December 31, 2008.

1.3    The Company adopts this Plan for eligible employees of the Company or any affiliate, other than an affiliate excluded from the Plan by the Company.

1.3-1    “Affiliate” means a corporation, person or other entity that is a member, with an Employer, of a controlled group under §414(b) of the Code, a group of trades or businesses under common control under §414(c) of the Code, an affiliated service group under §414(m) of the Code or a group that is designated a controlled group pursuant to §414(o) of the Code.

1.3-2    “Employer” means the Company and any non-excluded affiliate.

1.4    Transfer of employment from one affiliate to another shall not cause a separation from service.

1.5    If an employee is employed by two or more affiliates at the same time, the following shall apply:

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1.5-1    The employee may elect contributions out of compensation from each Employer but may not elect contributions out of compensation from an excluded affiliate.

1.5-2    The employee shall be eligible to receive matching contributions from each Employer based on elective contributions and compensation from each.

1.6    The Company shall establish the effective date of adoption of this Plan by non-excluded affiliates and any special provisions that are to be applicable only to employees of a particular affiliate.  The Company may exclude an affiliate from this Plan at any time, regardless of whether the affiliate was previously a non-excluded affiliate.

2.    Administration

2.1    The Plan shall be administered by the Vice President, Human Resources of the Company (the Administrator).  The Administrator shall interpret the Plan, decide any questions about the rights of participants and their beneficiaries and in general administer the Plan.  Unless the Plan provides otherwise or the Administrator otherwise interprets the Plan, terms used in this Plan and also in the Qualified Plan shall have the same meaning.  

2.2    The Administrator may delegate all or part of the administrative duties to one or more agents (the Agents) and may retain advisors for assistance.  The Administrator may consult with and rely upon the advice of counsel, who may be counsel for an Employer.  Any decision by the Administrator or the Agents within the decisionmaker’s authority shall be final and bind all parties.  The Administrator shall have absolute discretion to administer and interpret the Plan and carry out the Administrator’s duties pursuant to this Plan.

2.3    The Administrator shall be the plan administrator under federal laws and regulations applicable to plan administration and shall comply with such laws and regulations.  The Administrator shall be the agent for service of process at the Company’s address.  Any person having an interest under this Plan may consult the Administrator at any reasonable time.

2.4    The Administrator may resign by giving ten days’ written notice, or such shorter notice accepted by the Company.  The Company shall fill any vacancy thus created as soon as practicable.

2.5    The Administrator or the Agents shall make available at least two investment vehicles for the Participants’ Deferred Compensation Accounts.  The investment of each Participant’s Deferred Compensation Account will be governed by the election procedure in 4.6 below.  Amounts deferred, and gains or losses on such amounts, shall be credited to each Participant’s Deferred Compensation Account on dates determined by the Administrator or the Agents, but not less frequently than annually.  The Administrator or Agents may permit Participants to designate different allocations for all prior deferred amounts and future deferrals.

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3.    Eligibility

3.1    The Administrator shall designate the employees who may participate in the Plan for a Plan Year from among those employees of the Employers who are eligible for designation.  In general, an employee shall not be eligible for a year unless the employee’s base compensation for the year is expected to be at least $225,000, as adjusted by the Administrator, determined as of the later of the preceding November 1 or the employee’s date of hire by the Employer.  Each employee the Administrator has designated for participation and each current or former employee with a Deferred Compensation Account shall be known as a Participant.

3.2    Participation shall begin on the later of the effective date of the Administrator’s designation or the date the Administrator or the Agents give notice to the employee of his or her eligibility.

3.3    Participation in the Plan will be on a Plan-Year-by-Plan-Year basis, and participation for any Plan Year will not, of itself, entitle a Participant to participate for any other Plan Year.  If a Participant ceases to be eligible to participate in the Plan but remains an employee of the Employer, the loss of eligibility shall not be treated as a separation from service and the Participant’s Deferred Compensation Account shall be paid as specified in the Participant’s Deferred Compensation Agreements, subject to Section 6.

4.    Compensation Deferral

4.1    Each employee designated for participation may elect to defer part of what would otherwise be Compensation for a Plan Year.

4.1-2    The minimum deferral is $1,000.  The maximum deferral is 70% of Compensation.  Deferrals must be in multiples of $100 or a stated percentage of Compensation.

4.1-3    “Compensation” for purposes of this Plan has the same meaning as the term “Earnings” in the Qualified Plan, except that (a) the limitation in Code §401(a)(17), currently set out in paragraph 1.1.33(c) of the Qualified Plan, on Earnings counted shall not apply under this Plan; and (b) “Compensation” shall include any amounts deferred by an employee under this Plan pursuant to the employee’s election in a Deferred Compensation Agreement.  If the definition of Earnings in the Qualified Plan is modified, this Plan’s definition of Compensation shall be modified to correspond, except to the extent this Plan explicitly provides otherwise.

4.1-4    A Participant may make a separate election for each of the elements comprising the Participant’s Compensation.  Deferrals from base salary shall be withheld in substantially equal amounts from the base salary otherwise payable for the Plan Year for which the deferral is made.  Deferrals from bonuses or incentive payments and supplemental compensation shall be withheld from the 

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bonus or incentive payment and supplemental payments otherwise payable for the Plan Year for which the deferral is made.

4.1-5    The election shall be made in a Deferred Compensation Agreement (Agreement) on a form acceptable to the Administrator or the Agents.  Each Plan Year deferral will be covered by a separate Agreement.

4.2    Subject to 4.3 and the following rules, elections to defer shall be made by the date established by the Administrator or the Agents, which shall not be later than the December 31 prior to the beginning of the Plan Year in which the Compensation shall be earned.

4.2-1    For bonuses or incentive payments described in 4.2-2, the election shall be made no later than six months before the end of the performance period.

4.2-2    The rule contained in 4.2-1 shall apply only to payments contingent upon the satisfaction of preestablished organizational or individual performance criteria relating to a performance period of at least 12 consecutive months and only to a Participant who performed services for the Employer continuously from the later of the start of the incentive period or the date that Participant’s performance criteria are established through the date of the election.

4.2-3    Subject to Section 6, any election shall be irrevocable with respect to that Plan Year.  If no election is timely made, all Compensation shall be paid on a regular basis during the Plan Year.

4.2-4    For the first Plan Year, the election to defer shall be made by February 29, 2008, unless the Administrator or Agents set an earlier or later deadline, but not later than April 30, 2008.

4.3    An employee who becomes a Participant during a Plan Year may make an election to defer within 30 days of the date the employee becomes eligible pursuant to 3.2 above.

4.3-1    The Agreement must be completed and returned to the Administrator on or before such date as the Administrator or the Agents specify, and in any event before the first day of the period to which the election applies.

4.3-2    No election may be made with respect to bonuses or incentive payments for a year if the Participant becomes eligible after June 30 of the year.

4.4    Each year, the Employer may, in its discretion, credit to each Participant’s Deferred Compensation Account a matching amount pursuant to the following rules.  

4.4-1    A participant’s matching credit, if any, for a year under this Plan shall be equal to the lesser of (a) or (b) below, minus the participant’s share of the FICA tax due on the lesser of the amount determined in (a) or (b) below:

(a)    The remainder of the following equation:

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(1)    100% of the Participant’s combined deferrals under this Plan (as defined in 4.4-5) and the Qualified Plan for the year, up to 4% of the Participant’s Compensation under 4.1-3 for the year; plus

(2)    50% of the Participant’s combined deferrals under this Plan (as defined in 4.4-5) and the Qualified Plan for the year that exceed 4% but do not exceed 6% of the Participant’s Compensation under 4.1-3 for the year; minus

(3)    The matching contribution the Participant would have been eligible to receive under the Qualified Plan for the year if the Participant had made the maximum permitted elective deferral to the Qualified Plan; or

(b)    100% of the Participant’s deferrals for the year under this Plan (as defined in 4.4-5) alone.  This includes, but is not limited to, the effect that a Participant who elects no deferrals to this Plan for a year will receive no matching credit for the year, regardless of the Participant’s deferrals under the Qualified Plan.

4.4-2    The matching credit, if any, for a year shall be made only for Participants employed by an Employer on the last day of the Plan Year, unless the Participant’s employment ended during the Plan Year due to the Participant’s death or Total Disability or retirement at Normal Retirement Date under the Qualified Plan.  Any matching credit shall be fully vested when made.

4.4-3    The matching credit shall be made in the time and form determined by the Administrator.  In general, the credit shall be made at or after the end of the Plan Year, regardless of whether matching contributions to the Qualified Plan are made during the Plan Year.

4.4-4    All of the percentages in 4.4-1(a)(1) and (2) shall be modified at the same time and to the same extent as those figures are modified in the Qualified Plan.

4.4-5    For purposes of 4.4-1, “deferrals under this Plan” for a year shall be the sum of compensation and bonus deferred under this Plan that would otherwise have been paid in the year.  Thus, bonus deferral for a year for this purpose relates to the bonus earned during a prior year but that would, absent deferral under this Plan, have been payable during the year for which the matching credit is made.

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4.5    The Administrator shall maintain a Deferred Compensation Account (the Account) for each Participant to hold the Participant’s cumulative deferrals and any Employer matching credits, plus or minus any investment gains and losses, and minus any Plan expenses and any payments made to the Participant in accordance with the provisions of Sections 5 and 6 of the Plan.  Participants’ Accounts shall be held in a grantor trust established between the Company and a Trustee.

4.6    Participants shall select an investment vehicle for their Accounts with the initial Agreement and may change such selection effective the first day of each calendar quarter, or at such other times as the Administrator or the Agents permit, on advance written notice to the Administrator pursuant to procedures adopted by the Administrator or Agents.  If no election is made, the Account shall remain in the same investment vehicle as the previous calendar quarter.

4.7    The Company may elect to pay any administrative fees or expenses and may allocate the cost among the Employers.  Otherwise, the expenses and fees shall be deducted from Participants’ Accounts.  Expenses related to the individual Account of a Participant or Beneficiary may be charged directly to that Account.

5.    Payment from Accounts

5.1    Subject to Sections 6 and 7, a Participant’s Payment Date shall be one of the following, as selected by the Participant pursuant to 5.3 below:

5.1-1    A date specified in the Agreement that is at least one year after the effective date of the Agreement but not later than the date the Participant would reach age 70.  For example, a December 2008 election deferring compensation to be earned in 2009 could provide for payment on January 1, 2010.

5.1-2    The date that is six months after the date the Participant separates from service, for any reason, with the Company and Affiliates as defined in 1.3-1, regardless of whether the Participant serves as a director of the Company or an Affiliate.  For example, if a Participant were to elect in December 2008 to defer compensation to be earned in 2009 until six months after separation from service and then separates from service on May 1, 2010, the Payment Date under this Plan with respect to that deferral would be November 1, 2010.

5.1-3    The later of the date that is six months after the date the Participant separates from service with the Company and all Affiliates as defined in 1.3-1, regardless of whether the Participant continues to serve as a director of the Company or an Affiliate, or the date the Participant reaches an age up to 70 specified in the Agreement.  For example, if, in the situation described in 5.1-2, the Participant had elected to defer until the later of six months after separation from service or attainment of age 65, and reached age 65 on April 1, 2015, the Payment Date under this Plan would be April 1, 2015.

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5.2    A Participant’s vested Account shall be paid in one of the following ways as selected by the Participant subject to 5.3 below:

5.2-1    In a lump sum within 30 days after the Payment Date under 5.1.

5.2-2    In a lump sum within 30 days after the January 1 following the Payment Date selected pursuant to 5.1 above.

5.2-3    In annual installments under 5.4 over a period of up to five years, starting as soon as practicable after the January 1 following the Payment Date selected pursuant to 5.1 above.

5.3    Subject to Section 6 and the following rules, the Participant shall specify in the Agreement the Payment Date pursuant to 5.1 and the payment form pursuant to 5.2 above.

5.3-1    The selection shall be irrevocable for the portion of the Account covered by the Agreement.

5.3-2    If different selections are made in Agreements applicable to different Plan Years (or in an Agreement for a single Plan Year), the Account shall be appropriately divided for distribution, subject to 5.3-4.

5.3-3    If the vested balance of the Participant’s Account is less than $5,000, or to the extent any of the Account is not covered by a timely, complete election, payment of any such amount shall be made pursuant to 5.1-2 and 5.2-2.

5.3-4    No Participant may have more than ten different time-and-form-of-payment elections in effect at any time.  For example, a five-year deferral with payment in a single sum is one payment election, a deferral to age 62 with payment in five-year installments is a second election and a deferral to age 65 with payment in five-year installments is a third election.  Similarly, a deferral in the first year of participation for five years with payment in a single sum is a separate election from a five-year deferral in the second year of participation with payment in a single sum; if the second-year deferral were for only four years with payment in a single sum, it would not be a time and form of payment different from the first year’s election.

5.4    If the Participant elects payment in installments under 5.2-3, the payment term must be specified in the Agreement.  The installment size shall be fixed on the Payment Date and on each later January 1 based on the distributable amount divided by the number of installments remaining.  If the annual payment computed under the preceding sentence is less than $5,000, the minimum annual payment shall be $5,000, with a corresponding reduction in the number of annual installments.  Installment payments shall be treated as a series of separate payments for purposes of 6.4 below.

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5.5    The Employer shall withhold from any payments any income taxes or other amounts as required by law.

5.6    The Administrator or the Agents may in their discretion direct that payment be made in one or more of the following ways:

5.6-1    To a spouse, parent or child of legal age.

5.6-2    To one having actual custody of the person.

5.6-3    To a legal guardian or conservator.

5.6-4    To one furnishing maintenance, support or hospitalization.

6.    Adjustment of Time and Form of Payment

6.1    Participants may withdraw all or part of their Accounts because of Serious Financial Hardship, as determined by the Administrator.  A payment due because of a separation from service may not be made less than six months after the date of separation from service, even upon a showing of Serious Financial Hardship.

6.1-1    “Serious Financial Hardship” means a Participant’s immediate and heavy financial need that cannot be met from other reasonably available resources and is caused by one or more of the following:

(a)    Accident or illness involving the Participant, or the Participant’s spouse or dependent (as defined in §152 of the Code).

(b)    Loss of the Participant’s property due to casualty.

(c)    The need to pay uninsured medical expenses, including prescription drugs.

(d)    The need to pay the funeral expenses of a spouse or dependent (as defined in §152 of the Code).

(e)    Any other similar extraordinary and unforeseeable circumstances arising from events beyond the Participant’s control, not including sending a child to college or purchasing a home.

6.1-2    The withdrawal shall be limited to the amount reasonably necessary to meet the Serious Financial Hardship.  

6.1-3    If a Participant’s application for a hardship withdrawal is granted, the Participant’s deferral election for the Plan Year shall be canceled, effective with the pay period starting after the date the Administrator grants the hardship withdrawal application.

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6.1-4    The Administrator or the Agents shall establish procedures for implementing withdrawals, which shall include requirements for a written application signed by the Participant and a statement of the facts causing the Serious Financial Hardship, as well as any other items required by the Administrator or the Agents.

6.1-5    The withdrawal date shall be fixed by the Administrator or the Agents, who may require a minimum advance notice and limit the amount, time and frequency of withdrawals.

6.2    On application from a Participant, the Administrator, or the Agents, in their sole discretion, may defer the Payment Date or extend the term of payment for amounts not already payable, subject to the following rules:

6.2-1    The application may request deferral or extension with respect to any or all of the time-and-form-of-payment elections in effect for the Participant.  Only two such applications may be granted for any Participant, regardless of whether the application previously granted applied to fewer than all of the Participant’s time-and-form-of-payment elections.  The application shall include the reason the deferral or extension is requested, the changed circumstances underlying the application and any other information or documents required by the Administrator or the Agents.  The Administrator or Agents may, in their discretion, approve a deferred date for payment that would be later than would be permitted for an initial Payment Date pursuant to 5.1 above.

6.2-2    Neither the Administrator nor the Agents shall grant an application to change a Payment Date selected pursuant to 5.1-1 or one or more of the dates on which installment payments are scheduled to be made pursuant to 5.2-3 unless the application is made at least 12 months before each date on which a payment is scheduled.  For example, a Participant who elected to defer a portion of salary until January 1, 2011, to be paid in a lump sum at that time, would have to apply before January 1, 2010 to be eligible to change that Payment Date and, pursuant to 6.2-4, the revised Payment Date could not be earlier than January 1, 2016.

6.2-3    An application to change a Payment Date selected pursuant to 
5.1-2 or 5.1-3 or the date of an installment payment pursuant to 5.2-3 shall not apply to any amount that would be payable during the 12 months after the date the Administrator or the Agents receive the application.  For example, if a Participant who elected to defer a portion of salary for payment in five annual installments starting on January 1 following the date that is six months after the date of separation from service were to apply in May 2011 to defer the start of the five annual installments until the January following the fifth anniversary of separation from service and then separate from service in June 2011, the application would not apply to the payment due January 1, 2012 (because that is less than 12 months 

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after the date of the application), but could defer one or more of the next four payments, as designated in the application, subject to the five-year rule in 6.2-4.

6.2-4    An application shall not be granted to the extent it defers the Payment Date less than five years.  For example, in 6.2-3, the Participant would either have to defer each installment whose scheduled payment changes for at least five years from its originally scheduled payment date (so the second installment payment, originally scheduled for January 1, 2013, would have to be deferred at least until January 1, 2018 and the third installment payment, if deferred, could not be paid earlier than January 1, 2019, at least five years after its originally scheduled date of January 1, 2014).  Alternately, if the Participant wanted a lump sum, it would have to be paid at least five years from the last scheduled installment payment date (so at least to January 1, 2021, five years after the last installment payment, which would have been due January 1, 2016).

7.    Effect of Death

7.1    If the Participant dies, any portion of the Account for which the Payment Date had not been reached before death shall be paid to the Participant’s Beneficiary, determined pursuant to 7.3, beginning as soon as practicable after the Participant’s death, as follows:

7.1-1    If the amount payable to a Beneficiary is less than $5,000, such amount shall be paid in a lump sum.

7.1-2    If 7.1-1 does not apply, payment shall be made in five substantially equal annual installments, unless a Beneficiary requests acceleration under Section 6.  The first installment shall be paid as soon as practicable after the Participant’s death and the second installment shall be paid in January of the year following the year of death; subsequent installments shall be paid as near as practicable to the anniversary of the second installment.  If the annual payment computed under the preceding sentence is less than $5,000, the minimum annual payment shall be $5,000, with a corresponding reduction in the number of annual installments.

7.2    If the Participant dies, any portion of the Account for which the Payment Date had been reached before death shall continue to be paid under the payment schedule in effect at death, unless a Beneficiary requests withdrawal pursuant to 6.1.

7.3    “Beneficiary” means the person or persons or other entity or entities that have been designated by the Participant to receive, after the Participant’s death, benefits under the Plan in accordance with the terms of the Plan.  

7.3-1    The designation by the Participant must be on forms prescribed by the Administrator or the Agents and filed with the Administrator or Agents.  Beneficiary designations may be revoked or changed by filing a new Beneficiary designation with the Administrator or Agents.

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7.3-2    If more than one designated Beneficiary survives the Participant, payments shall be made equally to the surviving designated Beneficiaries, unless otherwise provided in the Beneficiary designation.  Participants may designate primary and secondary Beneficiaries and Beneficiaries by right of representation.

7.3-3    If the Participant was married when the designation was made and is not married to the same spouse at death, the designation shall be void if the spouse was named as Beneficiary but the designation shall remain valid if a nonspouse Beneficiary was named.

7.3-4    Should the Participant fail to designate a Beneficiary, or should the designated Beneficiary fail to survive the Participant, the Participant’s Account shall be paid to the Participant’s estate.

7.3-5    Unless a proper beneficiary designation explicitly states otherwise, the designation shall apply to the Participant’s entire Account.

8.    Nature of the Employers’ Obligations

8.1    This Plan is intended to be and shall be construed as an unfunded plan.  The benefits provided under this Plan shall be a general, unsecured obligation of each Employer with respect to the Participants employed by that Employer, regardless of the existence of the grantor trust.  Neither the Participant nor the Participant’s Beneficiaries or estate shall have any interest in any assets of an Employer by virtue of this Plan.  

8.2    The Employers shall set aside assets in a grantor trust to offset their obligations to pay benefits pursuant to this Plan, but any funds set aside shall remain subject to the general creditors of the Employers, as provided in the trust agreement.

9.    Claims Procedure

9.1    Any person claiming a benefit or requesting an interpretation, a ruling or information under this Plan shall present the request in writing to the Administrator or the Agents, who shall respond in writing as soon as practicable. 

9.2    If the claim or request is denied, the written notice of denial shall state: 

9.2-1    The reasons for denial, with specific reference to the Plan provisions on which the denial is based.

9.2-2    A description of any additional material or information required and an explanation of why it is necessary.

9.2-3    An explanation of this claim review procedure, including a statement of the right to sue, after exhausting this claims procedure. 

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9.3    Any person whose claim or request is denied or who has not received a response within 60 days may request review by notice in writing to the Administrator.  The original decision shall be reviewed by the Administrator, who may, but shall not be required to, grant the claimant a hearing.  On review, whether or not there is a hearing, the claimant may have representation, examine and obtain copies of relevant documents and submit issues and comments in writing. 

9.4    The decision on review shall take into account all comments, documents and other information submitted by the claimant relating to the claim and shall normally be made within 60 days.  If an extension of time is required for a hearing or other special circumstances, the claimant shall be so notified of the special circumstances and the time limit shall be 120 days.  The decision shall be in writing and shall state the reasons and the relevant provisions and offer reasonable access to documents and other information relevant to the claim.  All decisions on review shall be final and bind all parties concerned.

10.    Miscellaneous Provisions

10.1    This Plan may be amended from time to time or terminated by a written document signed the Chief Executive Officer of the Company, but no such amendment or termination may accelerate the time of payment of benefits to Participants beyond what the Code permits, except that if the Internal Revenue Service issues a final ruling that any amounts held under this Plan will be subject to current income tax, the Administrator may direct payment as soon as practicable to the affected Participants of the amounts to which the ruling applies.

10.2    The Chief Executive Officer of the Company may terminate further deferrals under the Plan for any reason with respect to deferrals for months beginning after the date of termination of the Plan.  In the event of such cessation of deferrals, all other rights and obligations shall continue until all Deferred Compensation Accounts have been paid to all Participants under the terms of the Plan.

10.3    This Plan shall inure to the benefit of and be binding on the Employers and their successors and assigns and any corporation into which an Employer is merged or consolidated, and the Participants and their successors, heirs and legal representatives.

10.4    If a Participant terminates employment for any reason during a Plan Year for which Compensation is to be deferred, the actual deferral specified in the Participant’s Agreement for the Plan Year shall be adjusted to equal the actual amounts deferred pursuant to the Agreement before such termination.

10.5    Subject to 5.6 above and the following rules, no interest provide pursuant to the Plan may be assigned, transferred, pledged, sold, conveyed, or otherwise alienated or encumbered in any way by any Participant or Beneficiary, and no such interest shall be subject to execution, attachment or similar process.  

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10.5-1    Any attempted sale, conveyance, assignment, pledge or encumbrance of any interest provided pursuant to the Plan, or the levy or any attachment or similar process, shall be null and void and without effect.

10.5-2    Benefits may be paid in accordance with a qualified domestic relations order (QDRO) as defined in §414(p) of the Code pursuant to procedures established by the Administrator.  Benefits may be paid to an alternate payee pursuant to a QDRO before payment to the Participant would be permitted.

10.6    Except as otherwise required or permitted by this Plan or applicable law, any notice or direction under this Plan shall be in writing and effective when actually delivered or, if mailed, when deposited postpaid as first-class mail.  Mail shall be directed to the address stated in this Plan or to such other address as a party specifies by notice to the other parties.

10.7    Following termination of employment, a Participant shall not be an employee of an Employer for any purpose and the payments pursuant to Sections 5, 6 or 7 shall not constitute salary or wages.  A Participant shall receive such payments as retirement benefits, not as compensation for performance of any substantial services.

10.8    The Plan shall be governed by, and interpreted and enforced in accordance with, the laws of the State of Oregon, except as preempted by federal law.

Original Plan Executed as Follows:        COLUMBIA SPORTSWEAR COMPANY

By        s/T. Boyle            

Executed:     December 31, 2007        

Amendment No. 1 Executed as Follows:    COLUMBIA SPORTSWEAR COMPANY

By        s/T. Boyle            

Executed:     April 18, 2011            

Amendment No. 2 Executed as Follows:    COLUMBIA SPORTSWEAR COMPANY

By        s/T. Boyle            

Executed:     August 28, 2013        

Amendment No. 3 Executed as Follows:    COLUMBIA SPORTSWEAR COMPANY

By        s/T. Boyle            

Executed:     April 10, 2015            

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Amendment No. 4 Executed as Follows:    COLUMBIA SPORTSWEAR COMPANY

By        s/T. Boyle            

Executed:     November 4, 2015        

Amendment No. 5 Executed as Follows:    COLUMBIA SPORTSWEAR COMPANY

By        s/T. Boyle            

Executed:     May 4, 2017            

Amendment No. 6 Executed as Follows:    COLUMBIA SPORTSWEAR COMPANY

By        s/T. Boyle            

Executed:     July 7, 2017            

Amendment No. 7 Executed as Follows:    COLUMBIA SPORTSWEAR COMPANY

By        s/T. Boyle            

Executed:     October 25, 2018        

Amendment No. 8 Executed as Follows:    COLUMBIA SPORTSWEAR COMPANY

By        s/T. Boyle            

Executed:     December 31, 2018        

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EXHIBIT 10.8(a)

PERFORMANCE-BASED RESTRICTED STOCK UNIT
AWARD AGREEMENT

This Award Agreement (the "Agreement") is entered into as of          (the "Award Date") by and between Columbia Sportswear Company, an Oregon corporation (the "Company"), and          (the "Recipient"), for the award of restricted stock units with respect to the Company's Common Stock ("Common Stock").

The award of restricted stock units to the Recipient is made pursuant to Section 7 of the 1997 Stock Incentive Plan, as amended (the "Plan") and the Recipient desires to accept the award subject to the terms and conditions of this Agreement.

IN CONSIDERATION of the mutual covenants and agreements set forth in this Agreement, the parties agree to the following.

1.  Award and Terms of Restricted Stock Units. The Company awards to the Recipient under the Plan          restricted stock units (the "Award"), subject to forfeiture or increase as provided in Section 1(c) of this Agreement and to the restrictions, terms and conditions set forth in this Agreement.

(a)    Rights under Restricted Stock Units. A restricted stock unit (a "RSU") represents the unfunded, unsecured right to require the Company to deliver to the Recipient one share of Common Stock for each RSU. The number of shares of Common Stock deliverable with respect to each RSU is subject to adjustment (1) as provided in Section 1(c) of this Agreement and (2) as determined by the Board of Directors of the Company as to the number and kind of shares of stock deliverable upon any merger, reorganization, consolidation, recapitalization, stock dividend, spin-off or other change in the corporate structure affecting the Common Stock generally.

(b)    Vesting Date. The RSUs awarded under this Agreement shall initially be 100% unvested and subject to forfeiture.  The RSUs not forfeited pursuant to Section 1(c) of this Agreement shall vest on the date (the "Vesting Date") on which the Compensation Committee of the Board of Directors (the "Compensation Committee") confirms the Cumulative Operating Income and Average ROIC, as defined below (collectively, the "Performance Results"), for the Performance Period, as defined below; provided, however, that to the extent the Recipient has not been employed by the Company continuously from the Award Date to the Vesting Date, any RSUs not forfeited pursuant to Section 1(c) of this Agreement shall vest on the Vesting Date with respect to a prorated number of RSUs calculated based on Recipient’s days of continuous employment from the beginning of the Performance Period through the date Recipient’s employment terminated. If the Vesting Date falls on a weekend or any other day on which the Nasdaq Stock Market ("NSM") or any national securities exchange on which the Common Stock then is principally traded (the "Exchange") is not open, affected RSUs shall vest on the next following NSM or Exchange business day, as the case may be.

(c)    Adjustment of RSUs.

(1)    Treatment of RSUs on Termination of Service. If the Recipient ceases to be an employee of the Company prior to the Vesting Date, and such termination of employment is not due to the Recipient’s retirement, disability or death on any date that is after the later of (i) the second anniversary of the first day of the applicable Performance Period and (ii) the Recipient’s retirement eligibility date (a “Qualified Termination”), the Recipient shall immediately forfeit all outstanding RSUs awarded pursuant to this Agreement and the Recipient shall have no right to receive the related Common Stock. Absence on leave approved by the Company (or, if the Recipient is an executive officer of the Company, by the Board of Directors), shall not be deemed a termination or interruption of employment or service.  Unless otherwise determined by the Company or the Board of Directors in its sole discretion, (i) vesting of RSUs shall continue during a medical, family or military leave of absence, whether paid or unpaid, and (ii) vesting of RSUs shall be suspended during, and the number of shares deliverable at the Vesting Date shall be proportionately reduced as a result of, any other unpaid leave of absence.  In the event of a Recipient’s Qualified Termination, the Recipient’s RSUs shall not be immediately forfeited and shall instead be eligible to vest on a prorated basis as provided in Section 1(b) of this Agreement.  For purposes of this Agreement, “retirement” shall have the same meaning as provided in the applicable policy maintained by the Company or the Employer for the benefit of the Recipient or, in the absence of such policy, as determined by the Board in its discretion in accordance with applicable law.

(2)    Forfeiture of RSUs on Violation of Code of Business Conduct and Ethics. Recipient acknowledges that compliance with the Company's Code of Business Conduct and Ethics is a condition to the receipt and vesting of the RSUs. If, during the term of this Agreement, the Board of Directors (or a committee of directors designated by the Board of Directors) determines in 

good faith that the Recipient's conduct is or has been in violation of the Company's Code of Business Conduct and Ethics, then the Board of Directors or committee may cause the Recipient to immediately forfeit all or a portion of the unvested RSUs granted pursuant to this Agreement and the Recipient shall have no right to receive the related Common Stock.

(3)    Forfeiture or Increase of RSUs Based on Performance. For the period beginning          and ending          (the "Performance Period"), the Award shall be adjusted as follows.

(i)    50% of the Award (the "Operating Income Component") is subject to increase or forfeiture (and if forfeited the Recipient shall have no right to receive the related Common Stock) based on the Cumulative Operating Income of the Company in the Performance Period, as defined below. The Operating Income Component will be adjusted by multiplying it by the “Payout as a % of Target” percentage set forth in the table below. If results are between data points, the percentage of the Award payable shall be determined by interpolation between data points.  
	
			
	50% Weighting - OI

	Cum. Op. Inc.
	Goal as % of Plan
	Payout as a % of Target

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"Cumulative Operating Income" means the sum of the annual income from operations for each of the fiscal years in the Performance Period as set forth in the audited consolidated financial statements of the Company, excluding the following items (collectively, the "Excluded Effects"), for the Performance Period:

(ii)    50% of the Award (the “ROIC Component”) is subject to increase or forfeiture (and if forfeited the Recipient shall have no right to receive the related Common Stock) based on the Average ROIC of the Company in the Performance Period, as defined below.  The ROIC Component will be adjusted by multiplying it by the “Payout as a % of Target” percentage set forth in the table below.  If results are between data points, the percentage of the Award payable shall be determined by interpolation between data points.
	
			
	50% Weighting - ROIC

	Cum. Op. Inc.
	Goal as % of Plan
	Payout as a % of Target

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"Average ROIC" means the average annual percentage return on invested capital in the Performance Period, excluding the Excluded Effects. The return on invested capital is calculated as follows.

	
					
	ROIC
	 
	=
	 
	(net operating profit after taxes)

	 
	 
	 
	 
	 

	 
	 
	 
	 
	(average total assets) - (average excess cash) - (average non-interest-bearing current liabilities)

The sum of the Award adjustments calculated in (i) and (ii) above will represent the final payout result under the Award.
     
Notwithstanding the foregoing, the Compensation Committee may, in its sole discretion, disregard all or any part of any Excluded Effects when determining the Performance Results for the Performance Period.

(d)    Restrictions on Transfer and Delivery on Death. The Recipient may not sell, transfer, assign, pledge or otherwise encumber or dispose of the RSUs subject to this Agreement.  If the Recipient dies before the delivery date, the shares will be delivered to the Recipient's estate.

(e)    Voting Rights and Dividend Equivalents. The Recipient shall have no rights as a shareholder with respect to the RSUs or the Common Stock underlying the RSUs until the Vesting Date for the relevant RSUs.  The Recipient will not be entitled to receive a cash payment equal to any cash dividends paid with respect to the Common Stock underlying the RSUs awarded under this Agreement that are declared prior to the particular Vesting Date for the relevant RSUs.

(f)    Physical Delivery of Share Certificates. As soon as practicable following the Vesting Date, provided that the Recipient has satisfied its tax withholding obligations as specified under Section 1(g) and the Recipient has completed, signed and returned any documents and taken any additional action the Company deems appropriate, the Company shall deliver the shares of Common Stock represented by vested RSUs to the Recipient (the date of delivery of such shares is referred to as a "delivery date"), rounded to the nearest whole share. No fractional shares of Common Stock shall be issued.  The shares of Common Stock will be issued in the Recipient’s name or, in the event of the Recipient’s death or total disability, to the Recipient’s beneficiary or executor.

Notwithstanding the foregoing, (i) the Company shall not be obligated to vest or deliver any shares of Common Stock during any period when the Company determines that the conversion of a RSU or the delivery of shares hereunder would violate any federal, state or other applicable laws and may issue shares with any restrictive legend that, as determined by the Company, is necessary to comply with securities laws or other regulatory requirements, and (ii) a delivery date may be delayed in order to provide the Company such time as it determines appropriate to determine tax withholding and other administrative matters; provided, however, that in any event the shares shall be delivered not later than the later to occur of the date that is 2 1/2 months from the end of (i) the Recipient's tax year that includes the Vesting Date, or (ii) the Company's tax year that includes the Vesting Date.

(g)    Taxes and Tax Withholding.

(i)    The Recipient acknowledges that under United States federal tax laws in effect on the Award Date, the Recipient will have taxable compensation income at the time of vesting based on the Market Value (as defined below) of the Common Stock on the Vesting Date. The Recipient shall be responsible for all taxes imposed in connection with the Award, regardless of any action the Company takes with respect to any tax withholding obligations that arise in connection with the Award. The Company makes no representation or undertaking regarding the adequacy of any tax withholding in connection with the grant or vesting of the Award.

(ii)    The Company shall have the right, but not the obligation, to deduct from any and all payments made under the Plan, or to withhold from any delivery of Common Stock hereunder all domestic or foreign income, employment or other tax withholding obligations, whether national, federal, state or local (the "Tax Withholding Obligation"), arising as a result of any grant, vesting or delivery of Common Stock pursuant to this Award, in amounts determined by the Company. Unless otherwise determined by the Company, the Tax Withholding Obligation will be satisfied by the Company withholding from the vested shares of Common Stock a number of whole shares of Common Stock with an aggregate Market Value (as defined below) equal to the required minimum tax withholding.  The Recipient shall pay to the Company in cash, upon demand, the amount of any Tax Withholding Obligation that is not satisfied by the withholding of shares described above, and authorizes the Company to withhold from other amounts payable by the Company to the Recipient, including through additional payroll withholding, any amount not so paid.  The Company has no obligation to deliver shares of Common Stock pursuant to this Award until the Company's tax withholding obligations have been satisfied by the Recipient.

(h)    No Solicitation. The Recipient agrees that for 18 months after the Recipient's employment with the Company 

terminates for any reason, with or without cause, whether by the Company or the Recipient, the Recipient shall not recruit, attempt to hire, solicit, or assist others in recruiting or hiring, any person who is an employee of the Company, or any of its subsidiaries. In addition to other remedies that may be available to the Company, the Recipient shall pay to the Company in cash, upon demand, the net value of any shares of Common Stock, valued as of the Vesting Date, delivered under this Agreement if the Recipient violates this Section 1(h).

(i)    Not a Contract of Employment. This Agreement shall not be construed as a contract of employment between the Company and the Recipient and nothing contained in this Agreement or in the Plan shall confer upon the Recipient any right to be continued in the employment of the Company or any subsidiary or to interfere in any way with the right of the Company or any subsidiary by whom the Recipient is employed to terminate the Recipient's employment at any time for any reason, with or without cause, or to decrease the Recipient's compensation or benefits.

2.     Miscellaneous.

(a)    Entire Agreement. This Agreement constitutes the entire agreement of the parties with regard to the subjects hereof.

(b)    Interpretation of the Plan and the Agreement. The Board of Directors, or a committee of the Board of Directors responsible for administering the Plan (the "Administrator"), shall have the sole authority to interpret the provisions of this Agreement and the Plan, and all determinations by it shall be final and conclusive.

(c)    Section 409A. The Award made pursuant to this Agreement is intended not to constitute a "nonqualified deferred compensation plan" within the meaning of Section 409A the Internal Revenue Code of 1986, as amended, and instead is intended to be exempt from the application of Section 409A. To the extent that the Award is nevertheless deemed to be subject to Section 409A, the Award shall be interpreted in accordance with Section 409A and Treasury regulations and other interpretive guidance issued thereunder, including without limitation any such regulations or other guidance issued after the grant of the Award. Notwithstanding any provision of the Award to the contrary, in the event that the Administrator determines that the Award is or may be subject to Section 409A, the Administrator may adopt such amendments to the Award or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, that the Administrator determines are necessary or appropriate to (i) exempt the Award from the application of Section 409A or preserve the intended tax treatment of the benefits provided with respect to the Award, or (ii) comply with the requirements of Section 409A.

(d)    Market Value. "Market Value" as of a particular date shall mean (i) the closing sales price per share of Common Stock as reported by the NSM on that date, or (ii) if the shares of Common Stock are not listed or admitted to trading on the NSM, the closing price on the national securities exchange on which such stock is principally traded on that date, or (iii) if the shares of Common Stock are not then listed on the NSM or on another national securities exchange, the average of the highest reported bid and lowest reported asked prices for the shares of Common Stock on that date or (iv) if the shares of Common Stock are not then listed on any securities exchange and prices therefor are not reported, such value as determined in good faith by the Board of Directors (or any duly authorized committee thereof) as of that date.

(e)    Electronic Delivery. The Recipient consents to the electronic delivery of any prospectus and any other documents relating to this Award in lieu of mailing or other form of delivery.

(f)    Rights and Benefits. The rights and benefits of this Agreement shall inure to the benefit of and be enforceable by the Company's successors and assigns and, subject to the restrictions on transfer of this Agreement, be binding upon the Recipient's heirs, executors, administrators, successors and assigns.

(g)    Further Action. The parties agree to execute such further instruments and to take such further action as may reasonably be necessary to carry out the intent of this Agreement.

(h)    Governing Law, Venue and Jurisdiction; Attorneys' Fees. This Agreement and the Plan will be interpreted under the laws of the state of Oregon, exclusive of choice of law rules. Venue and jurisdiction will be in the state or federal courts in Washington County, Oregon, and nowhere else. In the event either party institutes litigation hereunder, the prevailing party shall be entitled to reasonable attorneys' fees to be set by the trial court and, upon any appeal, the appellate court.

(i)    Consent to Transfer Personal Data. By signing this Agreement, the Recipient voluntarily acknowledges and 

consents to the collection, use, processing and transfer of personal data as described in this paragraph. The Recipient is not obliged to consent to such collection, use, processing and transfer of personal data. However, failure to provide the consent may affect the Recipient's ability to participate in the Plan. The Company and its subsidiaries hold certain personal information about the Recipient, including name, home address and telephone number, date of birth, social security number or other employee identification number, salary, nationality, job title, any shares of stock or directorships held in the Company, details of all entitlement to shares of stock awarded, canceled, purchased, vested, unvested or outstanding in the Recipient's favor, for the purpose of managing and administering the Plan ("Data").  The Company and/or its subsidiaries will transfer Data amongst themselves as necessary for the purpose of implementation, administration and management of the Plan, and the Company and/or any of its subsidiaries may each further transfer Data to any third parties assisting the Company in the implementation, administration and management of the Plan. These recipients may be located in the European Economic Area, or elsewhere throughout the world, including the United States. The Recipient authorizes such recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing the Recipient's participation in the Plan, including any requisite transfer of such Data as may be required for the administration of the Plan and/or the subsequent holding of shares of stock on the Recipient's behalf to a broker or other third party with whom the Recipient may elect to deposit any shares of stock acquired pursuant to the Plan. The Recipient may, at any time, review Data, require any necessary amendments to it or withdraw the consents herein in writing by contacting the Company; however, withdrawing consent may affect the Recipient's ability to participate in the Plan.

(j)    Acknowledgment of Discretionary Nature of the Plan; No Vested Rights. The Recipient acknowledges and agrees that the Plan is discretionary in nature and limited in duration, and may be amended, cancelled, or terminated by the Company, in its sole discretion, at any time.  The award of RSUs under the Plan is a one-time benefit and does not create any contractual or other right to receive a grant of RSUs or benefits in lieu of RSUs in the future. Future awards, if any, will be at the sole discretion of the Company, including, but not limited to, the timing of any award, the number of RSUs and vesting provisions.

(k)    Character of Award. Participation in the Plan is voluntary. The value of the Award is an extraordinary item of compensation outside the scope of the Recipient's employment contract, if any. As such, the Award is not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension, or retirement benefits or similar payments.

(l)    Recovery Policy. Notwithstanding any other provision of this Agreement to the contrary and to the extent applicable to the Recipient, the Recipient acknowledges and agrees that the Recipient’s RSUs, any shares of Common Stock acquired pursuant thereto and/or any amount received with respect to any sale of such shares may be subject to potential cancellation, recoupment, rescission, payback or other action in accordance with the terms of the Columbia Sportswear Company Incentive Compensation Recovery Policy (the "Recovery Policy") as in effect on the Award Date (and to the extent applicable to the Recipient, a copy of which has been made available to the Recipient) and as may be amended from time to time in order to comply with changes in laws, rules or regulations that are applicable to such Award and shares of Common Stock.  As a condition to the grant of the RSUs, to the extent applicable, the Recipient expressly agrees and consents to the Company’s application, implementation and enforcement of (a) the Recovery Policy and (b) any provision of applicable law relating to cancellation, recoupment, rescission or payback of compensation.  Further, the Recipient expressly agrees that the Company may take such actions as are necessary or appropriate to effectuate the Recovery Policy (as applicable to the Recipient) or applicable law without further consent or action being required by the Recipient.  For purposes of the foregoing and as a condition to the grant of the RSUs, the Recipient expressly and explicitly authorizes the Company to issue instructions, on the Recipient's behalf, to any third party broker/administrator engaged by the Company for purposes of administering awards granted under the Plan to re-convey, transfer or otherwise return such shares and/or other amounts to the Company.  To the extent that the terms of this Agreement and the Recovery Policy conflict, the terms of the Recovery Policy shall prevail. 

(m)    Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original. 
	
							
	 
	COLUMBIA SPORTSWEAR COMPANY
  
	 

	 
	By:  
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	RECIPIENT
  
	 

	 
	By:

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