Document:

Form of Amended and Restated Knoll, Inc. 1999 Stock Incentive Plan.

 Exhibit 10.17 
  
 KNOLL, INC. 
 1999 STOCK INCENTIVE PLAN 
 (Amended and Restated as of December     , 2004) 
  
 ARTICLE I 
  
 Purpose 
  
 The Knoll, Inc. 1999 Stock Incentive Plan (the “Plan”) is intended
as an incentive to encourage stock ownership by officers, certain other key employees, directors and consultants of Knoll, Inc. (the “Company”) in order to increase their proprietary interest in the Company’s success and to encourage
them to remain in the employ of the Company. 
  
 The term
“Company,” when used in the Plan or a related Restricted Share agreement or option agreement with reference to eligibility and employment, shall include the Company and its subsidiaries. The word “subsidiary,” when used in the
Plan, shall mean any subsidiary of the Company within the meaning of Section 424(f) of the Internal Revenue Code of 1986, as amended (the “Code”). 
  
 It is intended that certain options granted under this Plan will qualify as “incentive stock options” under Section 422 of the Code. 

 
 ARTICLE II 
  
 Administration 
  
 The Plan shall be administered by a Committee (the “Committee”)
appointed by the Board of Directors of the Company (the “Board”) and shall consist of not less than two members. During any such time that the Company is subject to Section 16(b) of the Securities Exchange Act of 1934 (the “Exchange
Act”) each member of the Committee shall, unless otherwise determined by the Board, be a “Non-Employee Director” within the meaning of the rules promulgated under Section 16(b) and during any such time that the Company is subject to
Section 162(m) of the Code each member of the Committee shall, unless otherwise determined by the Board, be an “outside director” within the meaning of Section 162(m) of the Code. Subject to the provisions of the Plan, the Committee shall
have sole authority, in its absolute discretion: (a) to determine which individuals shall be granted shares of restricted stock (“Restricted Shares”) and which shall be granted options; (b) to make grants of Restricted Shares, incentive
stock options and nonqualified options to acquire Common Stock; (c) to determine the times when Restricted Shares and options shall be granted and the number of shares to be granted or optioned; (d) to determine the option price of the shares
subject to each option; (e) to determine the nature of any rights and restrictions to be imposed on Restricted Shares granted under the Plan; (f) to determine the time or times when each option becomes 

 exercisable, the duration of the exercise period and any other restrictions on the exercise of options issued hereunder;
(g) to determine the time or times at which options shall be repriced and the terms and conditions of such repriced options; (h) to prescribe the form or forms of agreements for Restricted Shares granted under the Plan and the form or forms of the
option agreements for options granted under the Plan (which forms shall be consistent with the terms of the Plan but need not be identical); (i) to adopt, amend and rescind such rules and regulations as, in its opinion, may be advisable in the
administration of the Plan; (j) to construe and interpret the Plan, the rules and regulations, the Restricted Share agreements and the option agreements under the Plan and to make all other determinations deemed necessary or advisable for the
administration of the Plan; and (k) to make determinations as to any other awards to be made under the Plan. All decisions, determinations and interpretations of the Committee shall be final and binding on all grantees and optionees. 
  
 ARTICLE III 
  
 Stock 
  
 The stock to be granted or optioned under the Plan shall be shares of
authorized but unissued Common Stock of the Company, par value $.01 per share, or previously issued shares of Common Stock reacquired by the Company (the “Stock”). Under the Plan, the total number of shares of Stock which may be granted or
purchased pursuant to options granted hereunder shall not exceed, in the aggregate, 8,994,844 (as adjusted for the February 6, 2001 and October 15, 2004 capital adjustments and the [pre IPO 2-for-1 stock split]) shares, except as such number of
shares shall be adjusted in accordance with the provisions of ARTICLE XII hereof. 
  
 The number of shares of Stock available for issuance or grant of options under the Plan shall be decreased by the sum of (i) the number of Restricted Shares which are granted and then outstanding, (ii) the number of
shares with respect to which options have been issued and are then unexercised and outstanding, (iii) the number of shares issued upon exercise of options, and (iv) the number of shares subject to other then outstanding awards and the number of
shares issued upon the exercise of other awards (except for such awards satisfied or to be satisfied in cash). In the event that any Restricted Shares are forfeited or that any outstanding option or other award under the Plan for any reason expires,
is forfeited, is terminated or is canceled without exercise prior to the end of the period during which options may be granted, the Restricted Shares so forfeited and the shares of Stock called for by the unexercised portion of such option or other
award shall again be available for grant or issuance under the Plan. 
  
 ARTICLE IV 
  
 Eligibility of
Participants 
  
 Subject to ARTICLE IX in the case of
incentive stock options, officers and other key employees of the Company shall be eligible to receive Restricted Shares, other awards and options under the Plan. In addition, Restricted Shares, other awards and options which are not incentive

  

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 stock options may be granted to directors, consultants (including employees of consultants) or other key persons who the
Committee determines shall receive such awards under the Plan. Notwithstanding anything to the contrary herein, during any time that the Company is subject to Section 162(m) of the Code, the maximum number of shares of Stock with respect to which
options and stock appreciation rights (to the extent granted as an award under the plan) may be granted to any individual in any one year shall not exceed the maximum number of shares of Stock available for issue hereunder, as such number may change
from time to time. 
  
 As of any grant date which is during any
time that the Stock is neither publicly traded nor quoted on the National Association of Securities Dealers Automated Quotation System (“NASDAQ”) National Market System (“NMS”) or listed on one or more national securities
exchanges or other electronic securities exchanges, it shall be a condition to the grant of Restricted Shares or Stock upon the exercise of options under the Plan that the grantee or optionee execute a Joinder Agreement in the form attached to the
Knoll, Inc. Stockholders Agreement (Common Stock under Stock Incentive Plan) (the “Stockholders Agreement”) agreeing to be bound by the terms of such Agreement. 
  
 ARTICLE V 
  
 Fair Market Value 
  
 “Fair Market Value Per Share” means, as of any date when the Stock is quoted on the NASDAQ NMS or listed on one or more national securities
exchanges, the closing price reported on NASDAQ-NMS or the principal national securities exchange on which such Stock is listed and traded on the date of determination. If the Stock is not quoted on NASDAQ-NMS or listed on an exchange, or
representative quotes are not otherwise available, the Fair Market Value Per Share shall mean the amount determined by the Board in good faith to be the fair market value per share of Stock. 
  
 ARTICLE VI 
  
 Terms and Conditions of Restricted Shares 
  
 Restricted Shares will become unrestricted and vest only in accordance with a
vesting period set by the Committee with respect to each grant of Restricted Shares (the “Restriction Period”). The Committee may provide in the Restricted Share Agreement for acceleration of the Restriction Period and accelerated vesting
upon termination of the grantee’s employment by reason of death or disability, or by the Company without Cause, or upon any other event for which the Committee determines, in its discretion, that such acceleration is appropriate. With respect
to each grant of Restricted Shares, “Cause” shall have the meaning given such term in a grantee’s Restricted Share Agreement. 
  

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 During the Restriction Period, Restricted Shares shall constitute issued and outstanding shares of Stock
for all corporate purposes but unless and until such Restricted Shares shall have become vested (i.e., the date at which such shares shall not be subject to forfeiture) (a) the Company shall retain custody of the stock certificate or certificates
representing such shares, (b) the Company will retain custody of all dividends and distributions (“Retained Distributions”) made or declared thereon (and such Retained Distributions shall be subject to the same restrictions, terms and
vesting and other conditions as are applicable to the Restricted Shares) until such time, if ever, as the Restricted Shares with respect to which such Retained Distributions shall have been made, paid or declared shall have become vested, and such
Retained Distributions shall not bear interest or be segregated in a separate account; provided, however, that in the event such retained dividends or distributions are taxable to the grantee in the year of payment, notwithstanding their failure to
have become vested by the date of payment, the Company shall arrange for the release to the grantee of such part of the retained dividends or distributions as are sufficient to cover the taxes payable by the grantee with respect thereto; (c) the
grantee of such Restricted Shares shall not be entitled to vote such shares, and (d) except as otherwise permitted by the Stockholders Agreement, the grantee of such Restricted Shares may not, whether voluntarily or involuntarily, sell, assign,
transfer, pledge, exchange, encumber or dispose of the Restricted Shares or any Retained Distributions thereon or his interest in any of them (it being understood that, except to the extent so permitted, any sale, assignment, transfer, pledge,
exchange, or disposition (i) before the shares shall have become vested shall be null and void and of no effect and (ii) after the shares shall have become vested shall only be as permitted under the terms of the Stockholders Agreement). Except as
set forth in any applicable Restricted Share Agreement, any Restricted Shares which have not vested as of, or by reason of, a grantee’s termination of employment shall be immediately forfeited to the Company and the grantee and any permitted
transferee shall have no further rights in respect of such forfeited shares. 
  
 With respect to Restricted Shares which have become vested pursuant to the provisions of the Restricted Share Agreement, the Company shall promptly deliver the Stock certificate or certificates representing such
shares to the grantee, registered in the name of the grantee. The Company may endorse such legends on such certificates as may be required by law or under the terms of the Plan, the Restricted Share Agreement or the Stockholders Agreement.

  
 ARTICLE VII 
  
 Option Exercise Price 
  
 The option price per share of Stock for each option shall be set by the
Committee at the time of grant, subject to the ability of the Committee to reprice options pursuant to ARTICLE VIII; provided, however, that the option price per share of Stock for incentive stock options, subject to ARTICLE IX, shall not be less
than the Fair Market Value Per Share at the time the option was granted. 
  

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 ARTICLE VIII 
  
 Exercise and Terms of Options 
  
 The Committee shall determine the dates after which options may be exercised, in whole or in part. If an option is
exercisable in installments, installments or portions thereof which are exercisable and not exercised shall remain exercisable. 
  
 Any other provision of the Plan to the contrary notwithstanding, but subject to ARTICLE IX in the case of incentive stock options, no option shall be
exercised after the date ten years from the date of grant of such option (the “Termination Date”). 
  
 Options shall become exercisable only in accordance with the exercise schedule set forth in the option agreement entered into with respect to each grant
of options (the “Option Agreement”). The Committee may provide in the Option Agreement for acceleration of exercisability upon termination of the optionee’s employment by reason of death, disability, or by the Company without Cause,
or upon any other event for which the Committee determines, in its discretion, that such acceleration is appropriate, including a change in control of the Company. With respect to each grant of options, “Cause” shall have the meaning given
such term in the optionee’s Option Agreement. 
  
 Notwithstanding the foregoing provisions of this ARTICLE VIII or the terms of any option agreement, the Committee may in its sole discretion (i) accelerate the exercisability of any option granted hereunder and (ii) reprice any option to a
lower exercise price. Any such acceleration shall not affect the terms and conditions of any such option other than with respect to exercisability. 
  
 ARTICLE IX 
  
 Special Provisions Applicable 
 to Incentive Stock Options Only

  
 To the extent the aggregate Fair Market Value Per Share
(determined as of the time the option is granted in accordance with Article V) with respect to which any options granted hereunder which are intended to be incentive stock options may be exercisable for the first time by the optionee in any calendar
year (under this Plan or any other stock option plan of the Company or any parent or subsidiary thereof) exceeds $100,000, such options shall not be considered incentive stock options but rather shall be nonqualified options. 
  
 No incentive stock option may be granted to an individual who, at the time
the option is granted, owns directly, or indirectly within the meaning of Section 424(d) of the Code, stock possessing more than 10 percent of the total combined voting power of all classes of stock of the Company or of any parent or subsidiary
thereof, unless such option (i) has an option price of at least 110 percent of the Fair Market Value Per Share on the date of the grant of such option; and (ii) cannot be exercised more than five years after the date it is granted. 
  

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 Each optionee who receives an incentive stock option must agree to notify the Company in writing
immediately after the optionee makes a disqualifying disposition of any Stock acquired pursuant to the exercise of an incentive stock option. A disqualifying disposition is any disposition (including any sale) of such Stock made within the period
which is (a) two years after the date the optionee was granted the incentive stock option or (b) one year after the date the optionee acquired Stock by exercising the incentive stock option. 
  
 ARTICLE X 
  
 Payment for Shares 
  
 Payment for shares of Stock purchased under an option granted hereunder shall
be made in full upon exercise of the option, by certified or bank cashier’s check payable to the order of the Company or by any other means acceptable to the Company. The Committee, in its discretion, may allow an optionee to pay such exercise
price by having the Company withhold shares of Stock being purchased having an aggregate Fair Market Value Per Share equal to the amount of such exercise price. 
  

ARTICLE XI 
  
 Non-Transferability of Option Rights 
  
 No option shall be transferable except by will or the laws of descent and distribution. During the lifetime of the optionee, the option shall be
exercisable only by him. The Committee may, however, in its sole discretion, allow for transfer of options which are not incentive stock options to other persons or entities, subject to such conditions or limitations as it may establish. 

 
 ARTICLE XII 
  
 Adjustment for Recapitalization, Merger, etc. 
  
 The aggregate number of shares of Stock which may be granted or purchased
pursuant to options and other awards granted hereunder, the number of shares of Stock which may be subject to options and stock appreciation rights granted to any one person in any one year, the number of shares of Stock covered by each outstanding
option and other award and the price per share thereof in each such option shall be appropriately adjusted for any increase or decrease in the number of outstanding shares of stock resulting from a stock split or other subdivision or consolidation
of shares of Stock or for other capital adjustments or payments of stock dividends or distributions or other increases or decreases in the outstanding shares of Stock without receipt of consideration by the Company. Any adjustment shall be
conclusively determined by the Committee. 
  

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 In the event of any change in the outstanding shares of Stock by reason of any recapitalization, merger,
consolidation, spin-off, combination or exchange of shares or other corporate change, or any distributions to common shareholders other than cash dividends, the Committee shall make such substitution or adjustment, if any, as it deems to be
equitable, as to the number or kind of shares of Stock or other securities issued or reserved for issuance pursuant to the Plan, the number or kind of shares of Stock which may be subject to options and stock appreciation rights granted to any one
person in any one year, and the number or kind of shares of Stock or other securities covered by outstanding options and other awards, and the option price thereof. In instances where another corporation or other business entity is being acquired by
the Company, and the Company has assumed outstanding employee option grants and/or the obligation to make future or potential grants under a prior existing plan of the acquired entity, similar adjustments are permitted at the discretion of the
Committee. 
  
 The foregoing adjustments and the manner of
application of the foregoing provisions shall be determined by the Committee in its sole discretion. Any such adjustment may provide for the elimination of any fractional share which might otherwise become subject to an option. 
  
 ARTICLE XIII 
  
 No Obligation to Exercise Option 
  
 The granting of an option shall impose no obligation on the recipient to
exercise such option. 
  
 ARTICLE XIV 
  
 Use of Proceeds 
  
 The proceeds received from the sale of Stock pursuant to the Plan shall be
used for general corporate purposes. 
  
 ARTICLE XV

  
 Rights as a Stockholder 
  
 An optionee or a transferee of an option shall have no rights as a
stockholder with respect to any share covered by his option until he shall have become the holder of record of such share, and he shall not be entitled to any dividends or distributions or other rights in respect of such share for which the record
date is prior to the date on which he shall have become the holder of record thereof. 
  

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 Notwithstanding anything herein to the contrary, the Committee, in its sole discretion, may restrict the
transferability of all or any number of shares issued under the Plan upon the exercise of an option by legending the stock certificate as it deems appropriate. 
  

ARTICLE XVI 
  
 Employment Rights 
  
 Nothing in the Plan or in any agreement related to options or Restricted Shares granted hereunder shall confer on any optionee or grantee any right to continue in the employ of the Company or any of its subsidiaries,
or to be evidence of any agreement or understanding, express or implied, that the Company or any if its subsidiaries will employ the optionee or grantee in any particular position or at any particular rate of remuneration, or for any particular
period of time, or to interfere in any way with the right of the Company or any of its subsidiaries to terminate the optionee’s employment at any time. 
  
 ARTICLE XVII 
  
 Compliance with the Law 
  
 The Company is relieved from any liability for the nonissuance or non-transfer or any delay in issuance or transfer of any shares of Stock subject to options under the Plan which results from the inability of the
Company to obtain or any delay in obtaining from any regulatory body having jurisdiction, all requisite authority to issue or transfer shares of Stock of the Company either upon exercise of the options under the Plan or shares of Stock issued as a
result of such exercise, if counsel for the Company deems such authority necessary for lawful issuance or transfer of any such shares. Appropriate legends may be placed on the stock certificates evidencing shares issued upon exercise of options to
reflect such transfer restrictions. 
  
 Each option granted under
the Plan is subject to the requirement that if at any time the Committee determines, in its discretion, that the listing, registration or qualification of shares of Stock issuable upon exercise of options is required by any securities exchange or
under any state or Federal law, or that the consent or approval of any governmental regulatory body is necessary or desirable as a condition of, or in connection with, the grant of options or the issuance of shares of Stock, no shares of Stock shall
be issued, in whole or in part, unless such listing, registration, qualification, consent or approval has been effected or obtained free of any conditions or with such conditions as are acceptable to the Committee. Notwithstanding any terms or
conditions of any award to the contrary, the Company shall be under no obligation to offer to sell or to sell and shall be prohibited from offering to sell or selling any shares of Stock or other security pursuant to an award under the Plan unless
such shares or other securities have been properly registered for sale pursuant to the Securities Act with the Securities and Exchange Commission or unless the Company has received advice of counsel, satisfactory to the Company, that such shares or
securities may be offered or sold without such registration pursuant to an available exemption 
  

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 therefrom and the terms and conditions of such exemption have been fully complied with. The Company shall be under no
obligation to register for sale under the Securities Act any of the shares of Stock or other securities to be offered or sold under the Plan. If the shares of Stock or other securities offered for sale or sold under the Plan are offered or sold
pursuant to an exemption from registration under the Securities Act, the Company may restrict the transfer of such shares and may legend the Stock certificates representing such shares in such manner as it deems advisable or to ensure the
availability of any such exemption. 
  
 ARTICLE XVIII

  
 Cancellation of Options 
  
 The Committee, in its discretion, may, with the consent of any optionee,
cancel any outstanding option hereunder. 
  
 ARTICLE XIX

  
 Effective Date and Expiration Date of Plan

  
 The Plan is effective as of November 4, 1999, the date of
adoption of the Plan by the Board, subject to approval by the stockholders of the Company in a manner which complies with Section 422(b)(1) of the Code and the Treasury Regulations thereunder. The expiration date of the Plan, after which no option
may be granted hereunder, shall be November 4, 2009. 
  

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 ARTICLE XX 
  
 Amendment or Discontinuance of Plan 
  
 The Board may, without the consent of the Company’s stockholders or optionees under the Plan, at any time terminate the
Plan entirely and at any time or from time to time amend or modify the Plan, provided that no such action shall adversely affect Restricted Shares or options theretofore granted hereunder without the grantee’s or optionee’s consent.

  
 ARTICLE XXI 
  
 Repurchase of Options 
  
 In granting options hereunder, the Committee may in its discretion, and on
terms it considers appropriate, require an optionee, or the executors or administrators of an optionee’s estate, to sell back to the Company such options in the event such optionee’s employment with the Company is terminated. 

 
 ARTICLE XXII 
  
 Miscellaneous 
  
 (a) Grants of options and Restricted Shares shall be evidenced by agreements
(which need not be identical) in such forms as the Committee may from time to time approve. Such agreements shall conform to the terms and conditions of the Plan and may provide that the grant of any Restricted Share or option under the Plan and
Stock acquired upon the exercise of options shall also be subject to such other conditions (whether or not applicable to any other grantee or optionee) as the Committee determines appropriate, including, without limitation, provisions to assist the
Optionee in financing the purchase of Stock through the exercise of options, provisions for the forfeiture of, or restrictions on, resale or other disposition of shares under the Plan, provisions giving the Company the right to repurchase shares
acquired under the Plan in the event the participant elects to dispose of such shares, and provisions to comply with Federal and state securities laws and Federal and state income tax withholding requirements. 
  
 (b) At such time that the delivery of shares of Stock to a grantee or
optionee becomes subject to tax withholding requirements, the Company may require that the grantee or optionee pay to the Company such amount as the Company deems necessary to satisfy its obligation to withhold Federal, state or local income or
other taxes. The Committee, in its 
  

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 discretion, may allow the grantee or optionee to pay such amount by having the Company withhold shares of Stock which
would otherwise be delivered to such grantee or optionee having an aggregate fair market value equal to such amount. 
  
 (c) If the Committee shall find that any person to whom any amount is payable under the Plan is unable to care for his affairs because of illness or
accident, or is a minor, or has died, then any payment due to such person or his estate (unless a prior claim therefor has been made by a duly appointed legal representative) may, if the Committee so directs the Company, be paid to his spouse,
child, relative, an institution maintaining or having custody of such person, or any other person deemed by the Committee to be a proper recipient on behalf of such person otherwise entitled to payment. Any such payment shall be a complete discharge
of the liability of the Committee and the Company therefor. 
  
 (d) No member of the Committee shall be personally liable by reason of any contract or other instrument executed by such member or on his behalf in his capacity as a member of the Committee nor for any mistake of judgment made in good
faith, and the Company shall indemnify and hold harmless each member of the Committee and each other employee, officer or director of the Company to whom any duty or power relating to the administration or interpretation of the Plan may be allocated
or delegated, against any cost or expense (including counsel fees) or liability (including any sum paid in settlement of a claim) arising out of any act or omission to act in connection with the Plan unless arising out of such person’s own
fraud or bad faith; provided, however, that approval of the Board shall be required for the payment of any amount in settlement of a claim against any such person. The foregoing right of indemnification shall not be exclusive of any other rights of
indemnification to which such persons may be entitled under the Company’s Certificate of Incorporation or By-Laws, as a matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless. 
  
 (e) The Plan shall be governed by and construed in accordance with the
internal laws of the State of Delaware without reference to the principles of conflicts of law thereof. 
  
 (f) No provision of the Plan shall require the Company, for the purpose of satisfying any obligations under the Plan, to purchase assets or place any
assets in a trust or other entity to which contributions are made or otherwise to segregate any assets, nor shall the Company maintain separate bank accounts, books, records or other evidence of the existence of a segregated or separately maintained
or administered fund for such purposes. Optionees shall have no rights under the Plan other than as unsecured general creditors of the Company, except that insofar as they may have become entitled to payment of additional compensation by performance
of services, they shall have the same rights as other employees under general law. 
  
 (g) Each member of the Committee and each member of the Board shall be fully justified in relying, acting or failing to act, and shall not be liable for having so relied, acted or failed 
  

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 to act in good faith, upon any report made by the independent public accountant of the Company and upon any other
information furnished in connection with the Plan by any person or persons other than such member. 
  
 (h) Except as otherwise specifically provided in the relevant plan document, no payment under the Plan shall be taken into account in determining any
benefits under any pension, retirement, profit-sharing, group insurance or other benefit plan of the Company. 
  
 (i) The expenses of administering the Plan shall be borne by the Company. 
  
 (j) Masculine pronouns and other words of masculine gender shall refer to both men and women. 
  
 ARTICLE XXIII 
  
 Other Awards 
  
 The Committee may grant any other cash, stock or stock-related awards to any
eligible individual under this Plan that the Committee deems appropriate, including, but not limited to, stock appreciation rights, limited stock appreciation rights, phantom stock awards, the bargain purchase of Stock and stock bonuses. Any such
benefits and any related agreements shall contain such terms and conditions as the Committee deems appropriate. Such awards and agreements need not be identical. With respect to any benefit under which shares of Stock are or may in the future be
issued (other than shares issued from the Company’s treasury) for consideration other than prior services, the amount of such consideration shall not be less than the amount (such as the par value of such shares) required to be received by the
Company in order to comply with applicable state law. 
  
 Shares
of Stock may also be used to satisfy obligations of the Company to deliver shares of Stock (whether or not restricted) under other compensation and benefit plans heretofore or hereafter established by the Company. 
  
 * * * 
  
 As adopted by the Board of Directors of Knoll, Inc. as of November 4, 1999 and restated as of June 7, 2004 and amended and restated as of
December     , 2004 
  

 12Form of Restricted Stock Agreement

 Exhibit 10.21 
  
 RESTRICTED SHARE AGREEMENT 
 UNDER THE 
 KNOLL INC. 
 1999 STOCK INCENTIVE PLAN 
  
 THIS AGREEMENT is made effective as of      the day of     , 2004 (the “Grant Date”), between Knoll, Inc., a Delaware corporation (the
“Company”), and              (the “Grantee”). Except as otherwise specifically provided herein, capitalized terms used herein shall have the meanings
attributed thereto in the Knoll Inc. 1999 Stock Incentive Plan (the “Plan”). 
  
 WHEREAS, pursuant to the Plan, the Company desires to grant the Grantee Restricted Shares on the terms and conditions set forth herein. 
  
 NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth and for other good and valuable
consideration, the receipt and adequacy of which is hereby acknowledged, the parties hereto agree as follows: 
  
 1. Grant of Restricted Shares. Subject to the [cancellation of the Grantee’s award and waiver of the Grantee’s rights under the
Knoll, Inc. Long Term Incentive Plan as provided on the signature page of this Agreement, and] consummation of the Company’s underwritten public offering of its common stock, par value $0.01 per share, pursuant to the Company’s
Registration Statement on Form S-1 (Registration Number 333-118901) (the “IPO”) (the date of consummation of such offering is hereafter referred to as the “IPO Date”) and the effectiveness of a Registration Statement on Form S-8
filed by the Company to cover the issuance of the Restricted Shares (as defined below) hereunder, the Company hereby grants to the Grantee              Restricted Shares (the
“Restricted Shares”) on the terms and conditions set forth herein. The Restricted Shares granted hereunder shall be registered in the Grantee’s name, but the certificates evidencing such Restricted Shares shall be appropriately
legended and retained by the Company during the period prior to the vesting of such shares as set forth in Section 3 hereof (the “Restriction Period”). The Grantee shall execute a stock power, in blank, with respect to such Restricted
Shares and deliver the same to the Company. The Grantee expressly acknowledges receipt of a copy of the Plan and agrees to be bound by all of the provisions of this Agreement and the Plan. 
  
 2. Non-Transferability. During the Restriction Period, the
Grantee may not sell, transfer, pledge, or otherwise encumber or dispose of the Restricted Shares. 
  
 3. Vesting and Lapse of Restrictions; Forfeiture. 
  

(a) Definitions. For purposes of this Agreement, the following capitalized terms shall have the following meanings: 
  
 (i) “Cause” means Cause as defined in any employment
agreement between the Grantee and the Company or any Subsidiary or, in the absence of any such definition, means (A) the substantial and continued failure of the Grantee to perform material 

 duties reasonably required of the Grantee by the Board of Directors of the Company or any Subsidiary (it being understood
that a failure to attain performance objectives shall not in and of itself be treated as a failure to perform material duties for purpose of this clause (A)) for a period of not less than thirty (30) consecutive days, provided notice in writing from
the Board of Directors is given to the Grantee specifying in reasonable detail the circumstances constituting such substantial and continued failure, (B) conduct by the Grantee substantially disloyal to the Company which conduct is identified in
reasonable detail by notice in writing from the Board of Directors and which conduct, if susceptible of cure, is not cured by the Grantee within 30 days of the Grantee’s receipt of such notice, (C) any act of fraud, embezzlement or
misappropriation by the Grantee against the Company or any Subsidiary, or (D) the conviction of the Grantee of a felony or plea by the Grantee of guilty or “nolo contendre” to the charge of a felony. The definition of “Cause”
herein shall not modify, amend or otherwise affect the definition of “Cause” in any employment or other agreement with the Company or any Subsidiary. 
  

(ii) “Disability” means Disability as defined in any employment agreement between the Grantee and the Company or any Subsidiary or, in
the absence of any such definition, means any physical or mental disability or infirmity that prevents the performance of the Grantee’s duties with the Company or Subsidiary for a period of (i) ninety (90) consecutive days or (ii) one hundred
eighty (180) non-consecutive days during any twelve (12) month period. The definition of “Disability” herein shall not modify, amend or otherwise affect the definition of “Disability” in any employment or other agreement with the
Company or any Subsidiary. 
  
 (iii) “Limited
Amount” shall have the meaning set forth in Section 3(e)(iii) below. 
  
 (iv) “Material Acquisition or Divestiture” shall mean any acquisition or divestiture or other business combination not involving a Change in Control, that has or will result in an increase or decrease
in Operating Profits, or losses, exceeding $3 million in the aggregate. An acquisition will be deemed to result in an increase in Operating Profits, or losses, exceeding $3 million in the aggregate if the acquired business’s operating profits,
or losses, measured over the twelve (12) calendar months immediately preceding the date of acquisition exceeded $3 million. A divestiture will be deemed to result in a decrease in Operating Profits, or losses, exceeding $3 million if the divested
business’s operating profits, or losses, measured over the twelve (12) calendar months immediately preceding the divestiture exceeded $3 million. 
  
 (v) “OP Determination Date” shall mean the date on which the Committee makes a final determination of Operating Profits and Sustained
Operating Profits for any fiscal year. 
  
 (vi) “Operating
Profits” for any fiscal year means the Company’s net operating income for such fiscal year. The determination of “Operating Profits” shall be made from the Company’s books and records. Such books and records shall be
maintained in accordance with U.S. generally accepted accounting principles and the Company’s internal accounting policies and procedures in effect on the IPO Date, but consistently applied over each of the fiscal years during the Restriction
Period. For example, if grants of stock options are 
  

 2 

 required or are elected to be shown as an expense on the Company’s financial statements during the Restriction
Period, such expense shall be excluded from the determination of Operating Profits because it represents a change in accounting treatment from that in effect on the IPO Date. Extraordinary and other one-time items of income and expense, such as
gains on sales of fixed assets, transactions outside of the ordinary course of business, and restructuring costs, in each case, arising in connection with a Material Acquisition or Divestiture shall be excluded from the determination of Operating
Profits for the fiscal year in which the extraordinary or one-time item of income or expense occurs. Extraordinary and one-time items of income and expense, such as gains on sales of fixed assets, transactions outside of the ordinary course of
business, and restructuring costs, in each case, arising other than in connection with a Material Acquisition or Divestiture shall not be excluded from the determination of Operating Profits for the fiscal year in which the extraordinary or one-time
item of income or expense occurs. In addition, in the event that a Material Acquisition or Divestiture occurs, other than the divestiture of a business that generated an operating loss in the twelve (12) months preceding such divestiture, the
Operating Profits for the fiscal year of the transaction (on a pro rata basis) and all subsequent fiscal (on a full basis) years shall be adjusted to eliminate the impact of the addition of Operating Profits, or losses, or the divestiture of
Operating Profits resulting from the transaction. The amount of the adjustment shall be based on the operating profits, or losses, generated by the business acquired or the operating profits generated by the business divested in the twelve (12)
months immediately preceding such acquisition or divestiture. For example, the acquisition of an entity that generated $5 million in operating profits in the 12 months preceding the acquisition shall cause a downward adjustment in Operating Profits
by $5 million for the year of acquisition (on a pro rata basis) and for all future years (on a full basis). The calculation for Operating Profits shall be determined without taking into account any accrual or other provision for amounts earned
or payable under this Agreement and all other Restricted Share Agreements granted by the Company in connection with the IPO. The Company’s Finance Department shall make an initial determination of Operating Profits for each fiscal year
(commencing with fiscal years 2003 and 2004) during the Restriction Period. The Company’s auditors shall review the Finance Department’s determination. The Committee shall take into account the Finance Department’s determination and
the Company’s auditors’ report and make the final determination of Operating Profits and Sustained Operating Profits as soon as practicable after the end of each fiscal year. 
  
 (vii) “Potential Vesting Date” shall mean the Trading Day that is the third Trading Day immediately
following the date that the Company publicly announces earnings for any fiscal quarter or any fiscal year. 
  
 (viii) “Pro Rata Vested Amount” shall have the meaning set forth in Section 3(e)(i) below. 
  
 (ix) “Qualified Termination” shall mean a termination of
employment with the Company and all Subsidiaries on account of Disability, death or upon a Without Cause Termination. 
  

 3 

 (x) “Subsidiary” shall mean an entity that the Company owns, whether directly or
indirectly, greater than fifty percent (50%) of such entity’s capital stock. 
  
 (xi) “Sustained Operating Profits” means the average annual Operating Profits over a period of any two consecutive fiscal years (commencing with fiscal years 2003 and 2004). 
  
 (xii) “Trading Day” shall mean any day that the New York
Stock Exchange is open for trading . 
  
 (xiii) “Without
Cause Termination” shall mean a termination of employment by the Company or a Subsidiary without Cause. 
  
 (b) Cliff Vesting on Sixth Anniversary. Except as otherwise specifically provided in this Section 3, the vesting of any Restricted Share is
contingent on the Grantee’s continuous employment by the Company or a Subsidiary, from the Grant Date through the vesting date. The Restriction Period with respect to any Restricted Share shall commence on the Grant Date and shall lapse as to
such Restricted Share on the date that such share becomes vested pursuant to this Section 3. Except as otherwise provided in this Section 3 and to the extent such vesting has not been accelerated pursuant to the achievement of Sustained Operating
Profit targets or upon a termination of employment or a Change in Control, as set forth below, the Restricted Shares shall vest, and the restrictions imposed thereon shall lapse, on the sixth anniversary of the Grant Date. 
  
 (c) Accelerated Vesting on Achievement of Sustained Operating Profit
Targets. The Restricted Shares may vest, and the restrictions imposed thereon may lapse, earlier upon the Company’s achievement of Sustained Operating Profits as follows: (i) one-sixth (1/6) of the Restricted Shares shall vest on the next
Potential Vesting Date following the OP Determination Date for the first fiscal year (commencing with fiscal 2004) that the Company achieves $100,000,000 in Sustained Operating Profits; (ii) an additional one-sixth (1/6) of the Restricted Shares
shall vest on the next Potential Vesting Date following the OP Determination Date for the first fiscal year (commencing with fiscal 2004) that the Company achieves $115,000,000 in Sustained Operating Profits; (iii) an additional one-sixth (1/6) of
the Restricted Shares shall vest on the next Potential Vesting Date following the OP Determination Date for the first fiscal year (commencing with fiscal 2004) that the Company achieves $130,000,000 in Sustained Operating Profits; (iv) an additional
one-sixth (1/6) of the Restricted Shares shall vest on the next Potential Vesting Date following the OP Determination Date for the first fiscal year (commencing with fiscal 2004) that the Company achieves $145,000,000 in Sustained Operating Profits;
(v) an additional one-sixth (1/6) of the Restricted Shares shall vest on the next Potential Vesting Date following the OP Determination Date for the first fiscal year (commencing with fiscal 2004) that the Company achieves $160,000,000 in Sustained
Operating Profits and (vi) an additional one-sixth (1/6) of the Restricted Shares shall vest on the next Potential Vesting Date following the OP Determination Date for the first fiscal year (commencing with fiscal 2004) that the Company achieves
$175,000,000 in Sustained Operating Profits. Vesting in any one fiscal year shall be cumulative, such that to the extent that any two or more of the Sustained Operating Profit targets are achieved for the first time in any one fiscal year the
corresponding fraction of the Restricted Shares (two-sixths (2/6) or more, as applicable) shall vest. 
  

 4 

 (d) Accelerated Vesting on a Change in Control. Notwithstanding anything herein to the contrary,
in the event that a Change in Control (as defined in Exhibit A hereto) occurs while the Grantee is employed with the Company or a Subsidiary, a pro rata portion of the Restricted Shares shall immediately become fully vested and the restrictions
imposed thereon shall lapse on a pro rata basis as follows. The number of Restricted Shares that shall vest on account of a Change in Control shall be determined by multiplying all of the Restricted Shares (including vested and unvested) by a
fraction, the numerator of which shall be the number of full months of employment from the Grant Date through the date of the Change in Control and the denominator of which shall be 72, and then subtracting the number of Restricted Shares that had
vested prior to the date of the Change in Control; provided, however, that in no event shall the number subject to such pro rata vesting be less than zero and in no event shall a Change in Control result in forfeiture of any Restricted Shares vested
prior to such Change in Control. To the extent that a Change in Control occurs following December 31 of a fiscal year in which the Company achieves a Sustained Operating Profit Target for the first time but prior to the next Potential Vesting Date
following the OP Determination Date for such fiscal year, the number of Restricted Shares subject to vesting on that next Potential Vesting Date following such OP Determination Date shall be counted as vested prior to such Change in Control for
purposes of determining the number of Restricted Shares subject to pro rata vesting upon the Change in Control. The date of such pro rata vesting in the event of a Change in Control shall be the date of such Change in Control. 
  
 (e) Accelerated Vesting on Termination of Employment. If the Grantee
shall cease to be employed by the Company and all Subsidiaries by reason of a Qualified Termination, a pro rata portion of the Restricted Shares shall vest and the Restriction Period thereon shall lapse on a pro rata basis as follows: 
  
 (i) The number of Restricted Shares that shall vest in the event of a
Qualified Termination shall be determined by multiplying all of the Restricted Shares (including vested and unvested) by a fraction, the numerator of which shall be the number of full months of employment from the Grant Date through the date of
termination and the denominator of which shall be 72, and then subtracting the number of Restricted Shares that had vested prior to the date of the Qualified Termination (the “Pro Rata Vested Amount”); provided, however that in no event
shall the number subject to such pro rata vesting be less than zero and in no event shall a Qualified Termination result in forfeiture of any Restricted Shares vested prior to such Qualified Termination. To the extent that a Qualified Termination
occurs following December 31 of a fiscal year in which the Company achieves a Sustained Operating Profit Target for the first time but prior to the next Potential Vesting Date following the OP Determination Date for such fiscal year, the number of
Restricted Shares subject to vesting on that next Potential Vesting Date shall be counted as vested prior to such Qualified Termination for purposes of determining the number of Restricted Shares subject to pro rata vesting upon such Qualified
Termination. 
  

 5 

 (ii) The date of such pro rata vesting in the event of a Qualified Termination other than upon a Without
Cause Termination shall be the next Potential Vesting Date immediately following such termination. 
  
 (iii) The date of such pro rata vesting in the event of a Without Cause Termination shall be the next Potential Vesting Date following the OP
Determination Date for the next fiscal year, if any, in which the Company achieves a Sustained Operating Profit target; provided that the pro rata amount vesting on such date shall be limited to the number of Restricted Shares that would have become
vested had the Grantee remained in the employ of the Company or a Subsidiary on such Potential Vesting Date (the “Limited Amount”). To the extent that the Pro Rata Vested Amount relating to a Without Cause Termination does not fully vest
on such next Potential Vesting Date, because the Pro Rata Vested Amount exceeds the Limited Amount, an additional number of unvested shares of the Pro Rata Vested Amount shall vest on each next Potential Vesting Date following the OP Determination
Date for each succeeding fiscal year, if any, in which the Company achieves a Sustained Operating Profit target (up to the Limited Amount for such date) until the Pro Rata Vested Amount becomes fully vested. To the extent that the Pro Rata Vested
Amount has not fully vested prior to the sixth anniversary of the Grant Date, the remaining unvested shares of the Pro Rata Vested Amount shall become fully vested on such date. 
  
 (f) Forfeiture on Termination of Employment. If the Grantee’s employment with the Company and all Subsidiaries
is terminated for any reason, except as specifically provided in this Section 3(f) and except for those Restricted Shares that are subject to pro rata vesting upon a Qualified Termination, the Restricted Shares, to the extent not vested prior to
such termination, shall be immediately forfeited to the Company and the Grantee shall have no further rights with respect to such shares, but all vested shares shall continue to be owned by the Grantee. Notwithstanding anything herein to the
contrary, to the extent that Grantee’s employment with the Company and all Subsidiaries is terminated for any reason following December 31 of a fiscal year in which the Company achieves a Sustained Operating Profit target for the first time but
prior to the next Potential Vesting Date following the OP Determination Date for such fiscal year, the number of Restricted Shares subject to vesting on that next Potential Vesting Date shall not be forfeited upon such termination of employment but
rather such Restricted Shares shall vest on such Potential Vesting Date despite the Grantee’s termination of employment. 
  
 (g) Committee Determination. Except as otherwise provided in Section 3, whether employment has been terminated for the purposes of this Agreement,
and the reasons therefore, shall be determined by the Committee, whose determination shall be final, binding and conclusive. 
  

 6 

 4. Delivery of Share Certificates. Upon the vesting of any Restricted Shares granted
hereunder but subject to satisfaction of the federal, state and local tax withholding requirements set forth below, the stock certificates evidencing such Restricted Shares shall be delivered promptly to the Grantee. In the case of the
Grantee’s death, such certificates will be delivered to the beneficiary designated in writing by the Grantee pursuant to a form of designation provided by the Company, to the Grantee’s legatee or legatees, or to his personal
representatives or distributees, as the case may be. 
  
 5.
Binding Effect. This Agreement shall be binding upon the heirs, executors, administrators and successors of the parties hereto. 
  
 6. Governing Law. This Agreement shall be construed and interpreted in accordance with the internal laws of the State of Delaware, without
reference to the principles of conflicts of law thereof. Each party hereby irrevocably consents and submits to the personal jurisdiction of and venue in the United States District Court - District of Delaware and the Delaware State courts, in any
legal action, equitable suit or other proceeding arising out of or related to this Agreement. 
  
 7. Withholding. The delivery to the Grantee of stock certificates representing Restricted Shares that have vested shall be subject to the payment by the Participant to the Company of all federal, state
or local taxes required by law to be withheld by the Company. The Grantee may be required to pay to the Company in cash or cash equivalents, either prior to or concurrent with the delivery of certificates representing Restricted Shares that have
vested, the amount required by law to be withheld by the company. The Company, in its sole discretion, may withhold from the number of shares of Common Stock to be delivered upon vesting of the Restricted Shares such number of shares having an
aggregate fair market value equal to minimum amount of the federal, state and local taxes required by law to be withheld by the Company. The Committee may establish other rules and procedures to allow the Grantee to satisfy and to facilitate the
required tax withholding from time to time. 
  
 8. No
Employment Rights. The establishment of the Plan and the grant of Restricted Shares hereunder shall not be construed as granting to the Grantee the right to remain in the employ of the Company or any Subsidiary, nor shall the Plan or this
Agreement be construed as limiting the right of the Company or any Subsidiary to discharge the Grantee from employment at any time for any reason whatsoever, with or without Cause. 
  

 7 

 9. No Liability. No member of the Committee or the Board of Directors of the Company shall
be personally liable by reason of any contract or other instrument executed by such member or on his or her behalf in his or her capacity as a member of the Committee or Board nor for any mistake of judgment made in good faith, and the Company shall
indemnify and hold harmless each member of the Committee, each member of the Board and each other employee, officer or director of the Company to whom any duty or power relating to the administration or interpretation of the Plan or this Agreement
may be allocated or delegated, against any cost or expense (including counsel fees) or liability (including any sum paid in settlement of a claim) arising out of any act or omission to act in connection with the Plan or this Agreement unless arising
out of such person’s own fraud or bad faith; provided, however, that approval of the Board shall be required for the payment of any amount in settlement of a claim against any such person. The foregoing right of indemnification shall not be
exclusive of any other rights of indemnification to which such persons may be entitled under the Company’s certificate of incorporation or by-laws, as a matter of law, or otherwise, or any power that the Company may have to indemnify them or
hold them harmless. 
  
 10. Headings. Headings are
for the convenience of the parties and are not deemed to be a part of this Agreement. 
  
 11. Plan. The terms of the Plan, a copy of which is attached hereto, are made part of this Agreement and are incorporated herein by reference. In the event of any conflict between the terms of the Plan
and the terms of this Agreement, the terms of the Plan shall govern. 
  

 8 

 EXECUTED effective as of the day and year first written above. 
  

			
	 KNOLL, INC.

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

	 Date:
	 	  

  
 I acknowledge
and agree that receipt of this grant is conditioned upon and subject to the occurrence of the IPO Date and the effectiveness of a Registration Statement on Form S-8 covering the issuance of the Restricted Shares hereunder, and that if these events
do not occur, this grant shall be null and void and of no further force or effect. [I further acknowledge and agree that, subject to the occurrence of the IPO Date and the effectiveness of such Registration Statement on Form S-8, by signing below, I
will have waived all of my rights under the Knoll, Inc. Long-Term Incentive Plan and any and all grants that have been made to me thereunder shall be cancelled, without payment of any consideration other than the making of the grant set forth
herein.] 
  

			
	 GRANTEE:

	  

		
	 Name:
	 	  

	 Date:
	 	  

  

 9 

 EXHIBIT A 
  

Change in Control. For purposes of this Agreement, a “Change in Control” shall be deemed to have occurred if: (i) any person (as
defined in Section 3(a)(9) of the Securities Exchange Act of 1934, as amended from time to time (the “Exchange Act”), and as used in Sections 13(d) and 14(d) thereof, including any “group” as defined in Section 13(d)(3) thereof
(a “Person”), but excluding the Company, any majority owned subsidiary of the Company (a “Subsidiary”), Warburg, Pincus & Co., Warburg, Pincus Ventures, L.P. and any affiliates of either (excluding any “portfolio
companies” owned directly or indirectly, in whole or in part, by either (“Warburg”), and any employee benefit plan sponsored or maintained by the Company or any Subsidiary (including any trustee of such plan acting as trustee),
becomes the beneficial owner of shares of the Company having at least 50% of the total number of votes that may be cast for the election of directors of the Company (the “Voting Shares”) provided, however, that such an event shall not
constitute a Change in Control if the acquiring Person has entered into an agreement with the Company approved by the Board which materially restricts the right of such Person to direct or influence the management or policies of the Company; (ii)
the shareholders of the Company shall approve, and there shall have been consummated, any merger of other business combination of the Company, sale of the Company’s assets or combination of the foregoing transactions (a “Transaction”)
other than a Transaction involving only the Company and one or more of its Subsidiaries, or a Transaction immediately following which the shareholders of the Company immediately prior to the Transaction continue to have a majority of the voting
power in the resulting entity; or (iii) within any 24-month period beginning on or after the IPO Date, the persons who were members of the Board on or immediately before the beginning of such period (the “Incumbent Directors”) shall cease
(for any reason other than death) to constitute at least a majority of members of the Board or the board of directors of any successor to the Company, provided that any director who was not a director as of the IPO Date shall be deemed to be an
Incumbent Director (A) if such director was elected to the Board by, or on the recommendation of or with the approval of, at least a majority of the directors who then qualified as Incumbent Directors, either actually or by prior operation of this
definition or (B) if such director was appointed at the direction of Warburg at a time when Warburg owned more than 50% of the Voting Shares. Notwithstanding the foregoing, no Change in Control shall be deemed to have occurred for purposes of this
Agreement by reason of any decrease in the share ownership of Warburg, to the extent such decrease is attributable to such shareholder having distributed shares owned by it directly to one or more members of the Warburg investment group. Members of
the Warburg investment group shall be limited to Warburg, partners of any entity which is included in the definition of the term “Warburg” and any other investment partnership sponsored by Warburg, but shall not include any portfolio
companies of any of them.

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