Document:

Form of Indemnification Agreement for Officers and Directors

 Exhibit 10.27 
 INDEMNIFICATION AGREEMENT 
 This Agreement (the “Agreement”), effective as of
                    , between NCI BUILDING SYSTEMS, INC., a Delaware corporation (the “Company”), and
                     (“Indemnitee”), currently or formerly a director and/or officer of the Company
and/or one or more of its subsidiaries. 
 WITNESSETH: 
 WHEREAS, the Company desires to have qualified directors serving on its Board of Directors and officers serving the Company and/or one or more of its subsidiaries who are willing to make decisions that
in their judgment are in the Company’s best interest without any undue threat of personal liability; 
 WHEREAS, the
Certificate of Incorporation of the Company (“Certificate of Incorporation”) and the Company’s Bylaws (“Bylaws”) require indemnification of each director or officer of the Company and/or
one or more of its subsidiaries to the fullest extent permitted by the Delaware General Corporation Law, as the same exists or may be hereafter amended; 
 WHEREAS, the Company desires to grant to Indemnitee the maximum indemnification for any Loss (hereinafter defined) permitted by the Certificate of Incorporation, Bylaws and applicable law; 
 WHEREAS, developments with respect to the terms and availability of directors’ and officers’ liability insurance and with respect
to the application, amendment, and enforcement of statutory, charter, and bylaw indemnification provisions generally have raised questions concerning the adequacy and reliability of the protection afforded to persons intended to be protected
thereunder; and 
 WHEREAS, in order to resolve such questions and thereby induce Indemnitee to serve and to continue serving
as a director and/or officer of the Company and/or one or more of its subsidiaries, the Company has agreed to enter into this Agreement with Indemnitee. 
 NOW, THEREFORE, in consideration of Indemnitee’s agreement to serve and to continue servings as a director and/or officer of the Company and/or one or more of its subsidiaries, the parties hereto
agree as follows: 
 1. Indemnity of Indemnitee. The Company shall indemnify Indemnitee in his capacity as director and/or
officer of the Company and/or one or more of its subsidiaries and, if serving at the request of the Company as a director, officer, trustee, employee, agent, or similar functionary of another corporation, trust, partnership, Joint venture, sole
proprietorship, employee benefit plan, or other enterprise, in each of those capacities, against any and all Losses, including reasonable Expenses, that may be incurred by Indemnitee, either as a party, witness, or potential party or witness, in
connection with or resulting from (a) any threatened, pending, or completed action, suit, or proceeding, whether brought in the right of the Company or otherwise and whether civil, criminal, administrative, arbitrative, or investigative (a
“Proceeding”), (b) an appeal in such a Proceeding, or (c) any inquiry or investigation that could lead to such a Proceeding, all to the fullest extent permitted by all applicable laws. All indemnity obligations

 
and/or liabilities of the Company hereunder shall be without limit and without regard to the cause or causes thereof or the negligence or gross negligence of
any person or persons (expressly including Indemnitee), whether such negligence or gross negligence of Indemnitee be sole, joint or concurrent, active, or passive. 
 2. Continuation of Indemnity. All agreements and obligations of the Company contained herein shall be retroactive to the date the Indemnitee first began serving as a director and/or officer of the
Company and/or one or more of its subsidiaries, shall continue during the entire period Indemnitee is a director and/or officer of the Company and/or one or more of its subsidiaries, and shall continue after Indemnitee no longer serves as a director
or officer of the Company and/or one or more of its subsidiaries so long as Indemnitee shall be subject to any possible claim or threatened, pending, or completed Proceeding, any appeal in a Proceeding, and any inquiry or investigation that could
lead to a Proceeding by reason of the fact that Indemnitee was serving, or had consented to serve, in any capacity referred to herein. 
 3. Notification and Defense of Claim. Promptly after receipt by Indemnitee of notice of any claim against Indemnitee or the commencement of any Proceeding, Indemnitee will, if a claim in respect thereof is to be made against
the Company under this Agreement, notify the Company of the assertion or any such claim or the commencement thereof; but the omission so to notify the Company will not relieve it from any liability under this Agreement unless such delay in
notification actually prejudiced the Company (and then only to the extent the Company was actually prejudiced thereby) and in addition, the Company shall not be relieved from any liability which it may have to Indemnitee otherwise than under this
Agreement. With respect to any such Proceeding as to which Indemnitee notifies the Company of the commencement thereof: 
 (a)
The Company will be entitled to participate therein at its own expense. 
 (b) Except as otherwise provided below, to the
extent that it may wish, the Company jointly with any other indemnifying party similarly notified will be entitled to assume the defense thereof, with counsel satisfactory to Indemnitee. After notice from the Company to Indemnitee of its election to
assume the defense thereof, the Company will not be liable to Indemnitee under this Agreement for any legal or other expenses subsequently incurred by Indemnitee in connection with the defense thereof other than reasonable costs of investigation or
as otherwise provided below. Indemnitee shall have the right to employ his own counsel in such Proceeding, but the fees and expenses of such counsel incurred after notice from the Company of its assumption of the defense thereof shall be at the
expense of Indemnitee unless (i) the employment of counsel by Indemnitee has been authorized by the Company, (ii) Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the
conduct of the defense of such action, or (iii) the Company shall not in fact have employed counsel to assume the defense of such action, in each of which cases the fees and expenses of counsel shall be at the expense of the Company. The
Company shall not be entitled to assume the defense of any Proceeding brought by or on behalf of the Company or as to which Indemnitee shall have made the conclusion provided for in (ii) above. 

 (c) The Company shall not be liable to indemnify Indemnitee under this Agreement for any
amounts paid in settlement of any action or claim effected without its written consent. The Company shall not settle any action or claim in any manner which would impose any penalty or limitation on Indemnitee without Indemnitee’s written
consent. Neither the Company nor Indemnitee will unreasonably withhold their consent to any proposed settlement. 
 4. Expenses of
Successful Party; Advances of Expenses. 
 (a) Notwithstanding any other provision of this Agreement, to the extent
that Indemnitee is or has been successful on the merits or otherwise in defense of any Proceeding or in defense of any claim, issue or matter therein, including the dismissal of any action or claim without prejudice, Indemnitee shall be indemnified
against all Expenses incurred in connection therewith. 
 (b) Reasonable Expenses incurred by Indemnitee pursuant to
Section 1 of this Agreement in any Proceeding shall be paid by the Company as incurred and in advance of the final disposition of the Proceeding, provided the Indemnitee undertakes in writing (in form and substance reasonably satisfactory to
the Company) to repay the amount paid or reimbursed if it is ultimately determined that Indemnitee is not entitled to indemnification for such Expenses. The written undertaking described above must be an unlimited general obligation of Indemnitee
but need not be secured. Such undertaking shall be without reference to the financial ability of Indemnitee to make repayment. All such Expenses shall be paid or reimbursed by the Company from time to time within 20 days after the Company receives
the written request by Indemnitee accompanied by substantiating documentation of such expenses. 
 5. Right of Indemnitee to
Indemnification Upon Application: Procedure Upon Application. Upon the written request of Indemnitee to be indemnified pursuant to this Agreement (other than pursuant to Section 4(b) hereof), the Company shall cause the Reviewing Party
(hereinafter defined) to determine, within 45 days, whether or not the Indemnitee has met the relevant standards for indemnification required by this Agreement. The termination of a Proceeding by judgment, order, settlement, or conviction, or on a
plea of nolo contendere or its equivalent, shall not of itself create a presumption that Indemnitee did not meet the requirements for indemnification required by this Agreement. If a determination of indemnification is to be made by Independent
Legal Counsel (hereinafter defined), such Independent Legal Counsel shall render its written opinion to the Company and Indemnitee as to what extent Indemnitee will be permitted to be indemnified. The Company shall pay the reasonable fees of
Independent Legal Counsel and indemnify and hold harmless such Indemnitee against any and all expenses (including attorneys’ fees), claims, liabilities, and damages arising out of or relating to the engagement of Independent Legal Counsel
pursuant hereto and the written opinion of such Independent Legal Counsel. 
 6. Enforceability. The right to indemnification
or advances as provided by this Agreement shall be enforceable by Indemnitee in any court of competent jurisdiction. The burden of proving that indemnification is not appropriate shall be on the Company. Neither the failure of the Company (including
its Board of Directors or Independent Legal Counsel) to have 

 
made a determination prior to the commencement of such action that indemnification is proper in the circumstances, because Indemnitee has met the applicable
standard of conduct, nor an actual determination by the Company (including its Board of Directors or Independent Legal Counsel) that Indemnitee has not met such an applicable standard of conduct, shall be a defense to the action or create a
presumption that Indemnitee has not met the applicable standard of conduct. If Indemnitee is required to bring any action to enforce rights or to collect moneys due under this Agreement and is successful in such action, the Company shall reimburse
Indemnitee for all of Indemnitee’s reasonable Expenses in bringing and pursuing such action. 
 7. Partial Indemnity;
Expenses. If the Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a portion of the Expenses, judgments, fines, and penalties actually and reasonably incurred by Indemnitee in the
investigation, defense, appeal or settlement of any Proceeding, but not for the total amount thereof, the Company shall indemnify Indemnitee for the portion thereof to which Indemnitee is entitled. 
 8. Repayment of Expenses. Indemnitee shall reimburse the Company for all reasonable Expenses paid by the Company in defending any
Proceeding against Indemnitee in the event and only to the extent that it shall be ultimately determined that Indemnitee is not entitled to be indemnified by the Company for such Expenses under the provisions of this Agreement. 
 9. Consideration. The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on
the Company hereby in order to induce Indemnitee to serve and to continue serving as a director and/or officer of the Company, and acknowledges that Indemnitee is relying upon this Agreement in consenting to serve and serving in such capacity.

 10. Indemnification Hereunder Not Exclusive. The indemnification and advancement of expenses provided by this Agreement
shall be in addition to any other rights Indemnitee may have under the Certificate of Incorporation or Bylaws of the Company, any other agreement, the Delaware General Corporation Law or other law, vote of shareholders or disinterested directors,
insurance coverages, or otherwise. To the extent that a change in the Delaware General Corporation Law (whether by statute or judicial decision) permits greater indemnification by agreement than would be afforded currently under the Certificate of
Incorporation, Bylaws and this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. 
 11. D&O Liability Insurance. The Company currently maintains a directors’ and officers’ liability insurance policy and
intends to continue to maintain such policies or replacements thereof as long as, in its sole discretion, such coverages are economically feasible. To the extent the Company maintains a directors’ and officers’ liability insurance policy
or policies, and as long as Indemnitee remains an officer or director of the Company, Indemnitee shall be covered by such policy or policies in accordance with its or their terms, to the maximum extent of the coverage available for any director or
officer of the Company. Further, after Indemnitee no longer serves as an officer or director of the Company for any reason, the Company will use its commercially reasonable efforts to continue to cover Indemnitee as a 

 
named insured under the Company’s insurance policy or policies providing directors’ and officers’ liability insurance for a period of time
that shall commence on the date of termination and end on the date that is the sooner of (a) six years after the date of termination, or (b) the date on which the Company ceases to maintain an insurance policy providing directors’ and
officers’ liability insurance. 
 12. Non-Disclosure. Except as provided below, the parties shall not disclose the terms
and provisions of this Agreement to any other person and will maintain the confidentiality of the terms hereof. Notwithstanding the foregoing, the parties may disclose the terms hereof, including the obligation to maintain the confidentiality
thereof, to their respective attorneys and accountants, and may disclose such of the terms hereof as they may be required by law or judicial order to disclose to government agencies or other third parties. 
 13. Eligibility. In order to be eligible for indemnification pursuant to this Agreement, an Indemnitee must have (i) at least one year
of service as an officer and/or director of the Company and/or one or more of its subsidiaries and (ii) been an officer and/or director of the Company and/or one or more of its subsidiaries on March 1, 2000. 
 14. Subrogation. If a payment is made under this Agreement, the Company shall be subrogated to the extent of such payment to all of the
rights of recovery of such Indemnitee, who shall execute all papers required and shall do everything that may be necessary to secure such rights, including the execution of documents necessary to enable the Company effectively to bring suit to
enforce such rights. 
 15. Severability. Each of the provisions of this Agreement is a separate and distinct agreement and
independent of the others, so that if any provision thereof shall be held to be invalid or unenforceable for any reason, such invalidity or unenforceability shall not affect the validity or enforceability of the other provisions hereto. 

16. Notice. Any notice, consent, or other communication to be given under this Agreement by any party to any other party shall be in
writing and shall be either (a) personally delivered, (b) mailed by registered or certified mail, postage prepaid with return receipt requested, (c) delivered by overnight express delivery service or same-day local courier service, or
(d) delivered by telex or facsimile transmission to the address set forth beneath the signature of the parties below, or at such other address as may be designated by the parties from time to time in accordance with this Section. Notices
delivered personally, by overnight express delivery service, or by local courier service shall be deemed given as of actual receipt. Mailed notices shall be deemed given three business days after mailing. Notices delivered by telex or facsimile
transmission shall be deemed given upon receipt by the sender of the answerback (in the case of a telex) or transmission confirmation (in the case of a facsimile transmission). 
 17. Governing Law; Binding Effect; Amendment and Termination. 
 (a) This Agreement shall be interpreted and enforced in accordance with the laws of the State of Delaware applicable to agreements made
and to be performed entirely within that state. 

 (b) This Agreement shall be binding upon Indemnitee and upon the Company, its successors,
and assigns, and shall inure to the benefit of Indemnitee, his heirs, executors, administrators, personal representatives, and assigns and to the benefit of the Company, its successors, and assigns. 
 (c) No amendment, modification, termination, or cancellation of this Agreement shall be effective unless in writing signed by both parties
hereto. 
 18. Definitions. The terms defined in this Section 16 shall, for purposes of this Agreement, have the indicated
meanings: 
 (a) “Expenses” shall include, without limitation, expenses of investigations, judicial or
administrative proceedings or appeals (including court costs), amounts paid in settlement by or on behalf of Indemnitee, fees and disbursements of attorneys, accountants, witnesses and experts, and any expenses of establishing a right to
indemnification under this Agreement, but shall not include judgments, fines or penalties against Indemnitee. 
 (b)
“Loss” shall mean any and all judgments, penalties (including excise and similar taxes), fines, and reasonable and necessary Expenses actually incurred by Indemnitee, after realization of or giving effect to all
insurance, bonding, indemnification, and other payments or recoveries actually received by or for the benefit of Indemnitee or to which it is entitled, directly or indirectly. 
 (c) “Reviewing Party” means, if a Change in Control (hereinafter defined) has not occurred (or if a Change in
Control has occurred and such Change in Control has been approved by a majority of the Board of Directors of the Company who were directors of the Company immediately prior to such Change in Control), (i) a majority of a quorum of directors of
the Company who at the time of voting upon a determination of indemnification are neither officers or employees of the Company or members of the immediate family of an officer or employee of the Company (“Interested Parties”) nor parties
to that particular Proceeding to which Indemnitee is seeking indemnification; or (ii) Independent Legal Counsel selected by a majority of a quorum of directors who at the time of selecting such Independent Legal Counsel are neither Interested
Parties nor parties to that particular Proceeding to which Indemnitee is seeking indemnification, or if such a quorum cannot be obtained, by a majority vote of a committee of the Board of Directors of the Company designated to select such
Independent Legal Counsel by a majority vote of all directors of the Company, consisting solely of two or more directors who at the time of such selection are neither Interested Persons nor parties in that particular Proceeding to which Indemnitee
is seeking indemnification, or if such a quorum cannot be obtained and such a committee cannot be established, by a majority vote of all directors of the Company. If a Change in Control has occurred, “Reviewing Party” means Independent
Legal Counsel selected by Indemnitee and approved by the Company (which approval shall not be unreasonably withheld) or by a court of competent jurisdiction. 

 (d) “Change in Control” shall be deemed to have occurred if
(i) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended), other than a trustee or other fiduciary holding securities under an employee benefit plan
of the Company or a corporation owned directly or indirectly by the Company or by the shareholders of the Company in substantially the same proportions as their ownership of stock of the Company, is or becomes the “beneficial owner” (as
defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing 20% or more of the total voting power represented by the Company’s then outstanding Voting Securities (hereinafter defined) (unless such
person or group beneficially owns 20% or more of the total voting power represented by the Company’s outstanding voting securities on the date hereto, (ii) during any period of two consecutive years, individuals who at the beginning of
such period constitute the Board of Directors of the Company and any new director whose election by the Board of Directors or nomination for election by the Company was approved by a vote of at least two-thirds of the directors then still in office
who either were directors at the beginning of the period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority thereof, or (iii) the shareholders of the Company approve a merger
or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the Voting Securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining
outstanding or by being converted into Voting Securities of the surviving entity) at least 80% of the total voting power represented by the Voting Securities of the Company or such surviving entity outstanding immediately after such merger or
consolidation, or the shareholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company (in one transaction or a series of transactions) of all or substantially all the
assets of the Company. 
 (e) “Independent Legal Counsel” shall mean an attorney, selected in
accordance with the provisions of Section 6(b) hereof, who shall not have otherwise performed services for Indemnitee, the Company, any person that controls the Company or any of the directors of the Company, within five years preceding the
time of such selection (other than in connection with seeking indemnification under this Agreement). Independent Legal Counsel shall not be any person who, under the applicable standards of professional conduct then prevailing, would have a conflict
of interest in representing either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement, nor shall Independent Legal Counsel be any person who has been sanctioned or censured for ethical violations of
applicable standards of professional conduct. 
 (f) “Voting Securities” shall mean any securities of
the Company which are voted generally in the election of directors. 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement effective as of the date first
above written. 
  

			
	NCI BUILDING SYSTEMS, INC.
		
	By:	 	  
	
	Address of NCI Building Systems, Inc.:
	
	10943 North Sam Houston Parkway West
	Houston, Texas 77064
	Facsimile: (281) 477-9670
	
	INDEMNITEE:
	
	  
	
	Address of Indemnitee:
	
	  
	  
	Facsimile:Form of Change of Control Severance Agreements

 Exhibit 10.2 
 CHANGE OF CONTROL SEVERANCE AGREEMENT 
 AS AMENDED 
 [TIERS I, II & III] 
 This Agreement (“Agreement”) is dated
as of             , 2007, by and between SUPERVALU INC., a Delaware corporation (the “Company”), and
            (the “Executive”). 
 WHEREAS, the Company’s
Board of Directors (the “Board”) considers the continued services of key executives of the Company to be in the best interests of the Company and its stockholders; and 
 WHEREAS, the Board desires to assure, and has determined that it is appropriate and in the best interests of the Company and its stockholders to
reinforce and encourage the continued attention and dedication of key executives of the Company to their duties of employment without personal distraction or conflict of interest in circumstances arising from the possibility or occurrence of a
change of control of the Company; and 
 WHEREAS, the Board has authorized the Company to enter into continuity agreements with those key
executives of the Company who are designated by the Executive Personnel and Compensation Committee of the Board of Directors (the “Committee”), such agreements to set forth the severance compensation which the Company agrees under certain
circumstances to pay such executives; and 
 WHEREAS, the Executive is a key executive of the Company and has been designated by the
Committee as an executive to be offered such a continuity compensation agreement with the Company. 
 NOW, THEREFORE, in consideration of the
promises and the mutual covenants and agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and the Executive agree as follows: 
 1. General Principles. This Agreement is effective on the date that it is signed by the Company and the Executive. For the purpose of this
Agreement, the date on which a Change of Control occurs is the “COC Date.” If Executive ceases to be employed prior to a Change of Control by reason of an Anticipatory Separation (as defined in Section 3(c)), then Executive shall
receive the severance benefits provided herein as if the COC Date for the Executive were the date immediately preceding the occurrence of that Anticipatory Separation. If Executive ceases to be employed prior to a Change of Control for any reason
other than an Anticipatory Separation, this Agreement shall terminate and have no effect and Executive shall receive such severance payments, if any, as are provided in any existing agreement between the Executive and the Company. 
  

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 If a Change of Control occurs, the Executive’s employment shall be continued hereunder for the period (the
“Employment Period”) commencing on the COC Date and ending on the second anniversary of the COC Date, subject to the Executive’s Separation from Service as described hereinafter. Any existing employment agreement between the Executive
and the Company shall continue to be effective following the Change of Control, but severance amounts under this Agreement shall be reduced by amounts payable under any such employment agreement. 
 For purposes of this Agreement, a “Change of Control” shall be deemed to have occurred upon any of the following events: 
 (i) the acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”)) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (A) the then outstanding shares of common stock of the Company or
(B) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors; provided, however, that for purposes of this subsection (i), the following acquisitions shall not
constitute a Change of Control: (A) any acquisition directly from the Company or (B) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company; or

 (ii) the consummation of any merger or other business combination of the Company, sale or lease of all or substantially all
of the Company’s assets or combination of the foregoing transactions (the “Transactions”) other than a Transaction immediately following which the shareholders of the Company and any trustee or fiduciary of any Company employee
benefit plan immediately prior to the Transaction own at least 60% of the voting power, directly or indirectly, of (A) the surviving corporation in any such merger or other business combination; (B) the purchaser or lessee of the
Company’s assets; or (C) both the surviving corporation and the purchaser or lessee in the event of any combination of Transactions; or 
 (iii) within any 24-month period, the persons who were directors 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 the Board or the board of directors of a successor to the Company. For this purpose, any director who was not a director at the beginning of such period shall be deemed to be an Incumbent Director if such director was elected to
the Board by, or on the recommendation of or with the approval of, at least three-fourths 
  

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 of the directors who then qualified as Incumbent Directors (so long as such director was not nominated by a person who
has expressed an intent to effect a Change of Control or engage in a proxy or other control contest); or 
 (iv) such other
event or transaction as the Board shall determine constitutes a Change of Control. 
 2. Employment following Change of Control. Executive shall have
at least the same titles and responsibilities as those in effect immediately prior to the Change of Control. Executive shall receive an annual base salary which is not less than the highest base salary in effect for Executive at any time in the 12
months preceding the Change of Control, and the Company shall review the salary annually with a view to increasing it; provided any such increase shall be in the sole discretion of the Board. Once increased, base salary cannot be decreased. If
Executive has not been terminated, for the year of the Change of Control and for each year thereafter during which Executive is employed, the Executive shall be paid an annual bonus which shall be no less than the higher of (i) the bonus which
the Executive would have received under the Company’s bonus plans as they were in effect prior to the Change of Control (based upon actual performance in the year up to the Change of Control), (ii) the average of the annual bonuses paid or
payable in respect of the three years prior to the Change of Control, or (iii) the Executive’s target bonus immediately prior to the Change of Control (the highest of (i), (ii) and (iii) being the “Bonus”). In addition,
the Executive shall be provided with incentive compensation, pension, general insurance, vacation, fringe benefits, perquisites (including an automobile allowance, if any), the use of an office and support staff that are commensurate with the
benefits, vacation, expense reimbursement, fringe benefits, perquisites, office and support staff provided to Executive immediately prior to the Change of Control or, if more favorable to Executive, at the level made available to other similarly
situated executive officers of the Company after the Change of Control. In addition, the Executive’s place of employment following a Change of Control shall be no farther than 45 miles from the Executive’s place of employment prior to the
Change of Control. 
 3. Separation from Service Following Change of Control. 
 (a) The Executive shall be entitled to the severance benefits provided in Section 4 hereof if the Executive’s Separation from Service occurs
(A) within two years following a Change of Control (i) by the Company without Cause, or (ii) by Executive for Good Reason, or (B) prior to a Change of Control, as a result of an Anticipatory Separation. 
 Notwithstanding the foregoing, Executive shall not be entitled to severance benefits under this Agreement if Executive’s Separation from Service is on account of
Executive’s death or Disability. Executive’s death or Disability subsequent to a Separation from Service which would otherwise give rise to severance benefits under this Agreement will not disqualify Executive from receiving the severance
benefits. For purposes of this Agreement: 
 (i) “Disability” shall have the same meaning as in the Company’s
long-term disability plan. 
  

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 (ii) “Retirement” shall mean a termination of employment by Executive pursuant
to late, normal or early retirement under a pension plan sponsored by the Company, as defined in such plan. 
 (ii)
“Separation from Service” shall mean a severance of the Executive’s employment under circumstances that would qualify as a separation from service as that term is used and defined under Section 409A of the Internal Revenue Code
of 1986, as amended (the “Code”). 
 (b) Cause. For purposes of this Agreement, “Cause” shall
mean: 
 (i) the willful and continued failure of Executive to perform substantially Executive’s duties with the Company
(other than any such failure resulting from incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to Executive by the Board or an officer of the Company which specifically identifies the
manner in which the Board or the officer believes that Executive has not substantially performed Executive’s duties; 
 (ii) (A) the conviction of, or plea of guilty or nolo contendere to, a felony or (B) the willful engaging by Executive in gross misconduct which is materially and demonstrably injurious to the Company; or 
 (iii) Executive’s commission of an act or acts of personal dishonesty intended to result in substantial personal enrichment of the
Executive at the expense of the Company; 
 provided, however, that in no event shall Cause exist by virtue of any action taken by the
Executive (A) in compliance with express written directions of the Board, [the Company’s Chief Executive Officer or the officer to whom the Executive reports,]1 or (B) in reliance upon the express written consent of the Company’s counsel. In each case above, for a Separation from Service to be for
Cause: (a) the Executive must be provided with a Notice of Termination (as described in Section 3(d)) within six (6) months after the Company has actual knowledge of the act or omission constituting Cause; (b) the Executive must
be provided with an opportunity to be heard by the Board 
  

	1	Not to be included in CEO’s Agreement, and, for those Executives reporting directly to the CEO, “the officer to whom the Executive reports” shall not
be included. 

  

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 no earlier than 30 days following the Notice of Termination (during which notice period Executive has failed to cure or
resolve the behavior in question); and (c) there must be a good faith determination of Cause by at least 2/3rds of the non-employee outside directors of the Company. 
 (c) Good Reason and Anticipatory Separation. For purposes of this Agreement, “Good Reason” shall mean: 
 (i) Executive’s annual base salary is reduced below the higher of (A) the amount in effect on the COC Date, or (B) the highest amount in effect at any time thereafter; 
 (ii) Executive’s annual bonus is reduced below the Bonus; 
 (iii) Executive’s duties and responsibilities or the program of incentive compensation (including, without limitation, long term
incentive plans and equity incentive programs), vacation, fringe benefits, perquisites, retirement and general insurance benefits offered to Executive are materially and adversely diminished in comparison to the duties and responsibilities or the
program of such benefits enjoyed by Executive on the COC Date; 
 (iv) Executive is required to be based at a location more
than 45 miles from the location where Executive was based and performed services on the COC Date or Executive’s business travel obligations are significantly increased over those in effect immediately prior to the COC Date; [or]2 
 (v) failure to provide for the
assumption of this Agreement by any successor entity; [or 
 (vi) Executive’s termination of employment for any
reason during the seventh month following the Change of Control;]3 
 provided, however, that any diminution of duties or responsibilities that occurs solely as a result of the fact that the Company ceases to be a public company shall not, in and of itself, constitute Good Reason. 
 Any event or condition described in clauses (i) through (iv) or a Separation from Service without Cause, either of which occurs prior to a Change of Control
but which Executive reasonably demonstrates (A) was at the request of a third party who has indicated an intention or taken steps reasonably calculated to effect a Change of Control (a “Third Party”), or (B) otherwise arose in
connection with, or in anticipation of a Change of Control, shall constitute Good Reason for purposes of this Agreement, notwithstanding that it occurred prior to a Change of Control (“Anticipatory Separation”). 
  

	2	Not to be included in CEO’s agreement. 

	3	For CEO only. 

  

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 Executive shall give the Company written notice of any event which Executive claims is the basis for Good Reason
[(other than a Separation from Service pursuant to Section 3(c)(vi))]4, within 6 months of such event, and the Company shall have 30 days from its receipt of such notice within which to cure or resolve the behavior in question before Executive can terminate for Good Reason. 

(d) Notice of Termination. Any purported termination of the Executive’s employment with the Company [(other than a Separation from
Service pursuant to Section 3(c)(vi))]5 shall be
communicated by a Notice of Termination to the Executive, if such termination is by the Company, or to the Company, if such termination is by the Executive. For purposes of this Agreement, “Notice of Termination” shall mean a written
notice which shall indicate the specific provision in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provisions
so indicated. For purposes of this Agreement, no purported termination of Executive’s employment with the Company shall be effective without such a Notice of Termination having been given. 
 (e) Dispute Resolution. Disputes arising from the operation of this Agreement, including, but not necessarily being limited to, the manner of
giving the Notice of Termination, the reasons or cause for the Executive’s termination or the amount of severance compensation due to the Executive subsequent to the Executive’s termination, shall be resolved by arbitration; provided,
however, that disputes arising under Section 11 of this Agreement shall not be resolved under this Section 3(e). In the event that any dispute which shall be resolved by arbitration is not able to be resolved by mutual agreement of the
parties within sixty calendar (60) days of the giving of such notice, the Executive and the Company hereby agree to promptly submit such a dispute to binding arbitration in Minnesota in accordance with Delaware law and the rules and procedures
of the American Arbitration Association. During any period in which a dispute is pending, the Executive shall continue to receive Executive’s salary (including any Bonus) and benefits as if Executive’s employment with the Company had
continued through the date of the arbiters’ determination, and any such payments or benefits shall not be offset against any severance, either under this Agreement or otherwise, to which Executive may be entitled. 
  

	4	For CEO only. 

	5	For CEO only. 

  

 6 

 4. Compensation Upon Separation from Service After a Change of Control. 
 If within two (2) years after the COC Date, the Executive has a Separation from Service, the Executive shall be entitled to the following payments
and benefits: 
 (a) Severance. On the 10th business day following such Separation from Service (or at such later time as may be provided under Section 4(g)), the Company shall pay or cause to be paid to the Executive a lump sum cash
amount equal to [three (3) times][two (2) times]6 the sum of (i) the Executive’s annual base salary on the COC Date (the “Base Salary”), (ii) the Bonus, and (iii) the value of the perquisites (e.g., car allowance, club dues, etc., including any
ordinary tax gross-ups for perquisites) provided to Executive in respect of the year prior to the Change of Control. In addition, at the time of the above payment, the Executive shall be entitled to an additional lump sum cash payment equal to the
sum of (A) Executive’s earned but unpaid salary through the date of Separation from Service, (B) a pro rata portion of the Bonus (calculated through the date of Separation from Service), and (C) an amount, if any, of accrued
vacation pay, in each case, in full satisfaction of Executive’s rights thereto. 
 Except as specifically provided in this Agreement, nothing in
this Agreement shall be interpreted or relied upon as a basis to amend, modify, accelerate or defer, or otherwise change any contributions to or payments that may be due from any other deferred compensation plan subject to Section 409A of the
Code. 
 (b) Welfare Benefits. The Executive shall be entitled to continued medical, dental and life insurance coverage for the
Executive and the Executive’s eligible dependents on the same basis as in effect prior to the Change of Control or the Executive’s Separation from Service, whichever is deemed to provide for more substantial benefits, until the earlier of
(A) [thirty-six (36)][twenty-four (24)][twelve (12)]7 months (the “Separation Period”) after the Executive’s Separation from Service or (B) the commencement of comparable coverage with a subsequent employer; provided, however, that such continued coverage
shall not count against any continued coverage required by law; provided, further, that if the Company is not able to provide the coverage required above under the general terms and provisions of the Company’s plans, then the Company
shall reimburse Executive for the cost of obtaining substantially similar benefits (the “Benefit Payment”) and shall pay Executive an additional amount, such that after payment of all applicable federal, state and local income and payroll
taxes imposed upon Executive as a result of the Benefit Payment, the Executive retains an amount equal to the amount of the Benefit Payment. 
 (c) Pension Benefits. The Executive shall also receive additional credit for service and age (including, benefit accrual and vesting credit) for the Separation 
  

	6	Three times for Tier I (CEO & EVPs); Two times for Tier II (SVPs); one time for Tier
III (remaining participants). 

	7	Thirty-six months for Tier I; twenty-four months for Tier II; twelve months for Tier III. 

  

 7 

 Period under any Company pension plan in which Executive participates based on the Executive’s Base Salary and Bonus
in effect at the of termination of employment; provided, however, that in the case of a qualified pension plan, the Executive shall be paid on the 30th day after Executive’s last day of employment (or at such later time as may be provided under Section 4(g)) a cash lump sum equal to the present value of the additional benefits Executive
would have accrued if Executive had been credited for all purposes with the additional years of service and age under such plan. In addition, at the time of the above payment, the Executive shall receive an additional payment (the “401(k)
Payment”) equal to the product of (i) [three (3)] [two (2)][one (1)]8, (ii) 0.0225, and (iii) the sum of the Base Salary and the Bonus.

 (d) Outplacement. If so requested by the Executive, outplacement services shall be provided by a professional
outplacement provider at a cost to the Company of not more than 10% of the Executive’s Base Salary. Such services may be provided either by direct payment to the outplacement provider or by reimbursement to Executive. However, services shall be
paid or reimbursed only if the services are provided during the period beginning with the Separation from Service and ending on the December 31 of the second calendar year following the calendar year in which the Separation from Service
occurred. 
 (e) Indemnification; Liability Insurance. The Company shall maintain, for a period not less than 6 years following
Executive’s termination of employment, indemnification policies and liability insurance coverage for Executive’s benefit comparable to those indemnification policies and liability insurance coverage provided by the Company for
Executive’s benefit prior to the Change of Control. 
 (f) Withholding. Payments and benefits provided pursuant to this
Section 4 or any other provision of this Agreement shall be subject to any applicable payroll and other taxes required to be withheld. 
 (g) Limitations on Payment of Deferred Compensation. To the extent that any payments or benefits to be provided to the Executive under this Agreement would be considered deferred compensation under Section 409A of the Code and
the Executive is a “Key Employee” as defined in Section 416(i) of the Code, then any such payments that would otherwise be due and payable during the first six months following and on account of a Separation from Service shall instead
be paid to the Executive upon the earlier of (i) six months and one day after the date the Executive’s Separation from Service or (ii) any other date permitted under Section 409A(a)(2) and Section 409A(a)(3). To the extent
that any payments or benefits to be provided to the Executive under this Agreement would be considered deferred compensation under Section 409A of the Code, the provisions of this Agreement pertaining thereto shall be construed and administered
to comply with Section 409A. Neither the Company nor any of its officers, 
  

	8	Three for Tier I; two for Tier II; and one for Tier III. 

  

 8 

 
directors, agents or affiliates shall be obligated, directly or indirectly, to any Executive or any other person for any taxes, penalties, interest or like
amounts that may be imposed on the Executive or other person on account of any amounts paid or payable under this Agreement or on account of any failure to comply with Section 409A. 
 5. Certain Additional Payments by the Company: 
 (a) Anything in this Agreement to the contrary notwithstanding, if it is determined (as hereafter provided) that any payment or distribution by the Company to or for the benefit of the Executive, whether paid or
payable or distributed or distributable pursuant to the terms of this Agreement or otherwise pursuant to or by reason of any other agreement, policy, plan, program or arrangement, including without limitation any stock option, stock appreciation
right or similar right, or the lapse or termination of any restriction on or the vesting or exercisability of any of the foregoing (a “Payment”), would be subject to the excise tax imposed by Section 4999 of the Code (or any successor
provision thereto) by reason of being “contingent on a change in ownership or control” of the Company, within the meaning of Section 280G of the Code (or any successor provision thereto) or to any similar tax imposed by state or local
law, or any interest or penalties with respect to such excise tax (such tax or taxes, together with any such interest and penalties, are hereafter collectively referred to as the “Excise Tax”), then the Executive shall be entitled to
receive an additional payment or payments (a “Gross-Up Payment”) in an amount such that, after payment by the Executive of all taxes (including any interest or penalties imposed with respect to such taxes), including any Excise Tax,
imposed upon the Gross-Up Payment, the Executive retains an amount of the Gross-Up Payment equal to the Excise Tax imposed upon the Payments. 
 (b) Subject to the provisions of Section 5(f) hereof, all determinations required to be made under this Section 5, including whether an Excise Tax is payable by the Executive and the amount of such Excise Tax and whether a
Gross-Up Payment is required and the amount of such Gross-Up Payment, shall be made by the nationally recognized firm of certified public accountants (the “Accounting Firm”) used by the Company prior to the Change of Control (or, if such
Accounting Firm declines to serve, the Accounting Firm shall be a nationally recognized firm of certified public accountants selected by the Executive). The Accounting Firm shall be directed by the Company or the Executive to submit its
determination and detailed supporting calculations to both the Company and the Executive within 15 calendar days after the Separation from Service, if applicable, and any other such time or times as may be requested by the Company or the Executive.
If the Accounting Firm determines that any Excise Tax is payable by the Executive, the Company shall pay the required Gross-Up Payment to the Executive on the fifth business day after receipt of such determination and calculations. If the Accounting
Firm determines that no Excise Tax is payable by the Executive, it shall, at the same time as it makes such determination, furnish the Executive with an opinion that Executive has substantial authority not to report any 
  

 9 

 Excise Tax on Executive’s federal, state, local income or other tax return. Any determination by the Accounting Firm
as to the amount of the Gross-Up Payment shall be binding upon the Company and the Executive. As a result of the uncertainty in the application of Section 4999 of the Code (or any successor provision thereto) and the possibility of similar
uncertainty regarding applicable state or local tax law at the time of any determination by the Accounting Firm hereunder, it is possible that Gross-Up Payments that will not have been made by the Company should have been made (an
“Underpayment”), consistent with the calculations required to be made hereunder. In the event that the Company exhausts or fails to pursue its remedies pursuant to Section 5(f) hereof and the Executive thereafter is required to make a
payment of any Excise Tax, the Executive shall direct the Accounting Firm to determine the amount of the Underpayment that has occurred and to submit its determination and detailed supporting calculations to both the Company and the Executive as
promptly as possible. Any such Underpayment shall be promptly paid by the Company to, or for the benefit of, the Executive on the fifth business day after receipt of such determination and calculations. 
 (c) The Company and the Executive shall each provide the Accounting Firm access to and copies of any books, records and documents in the possession of
the Company or the Executive, as the case may be, reasonably requested by the Accounting Firm, and otherwise cooperate with the Accounting Firm in connection with the preparation and issuance of the determination contemplated by Section 5(b)
hereof. 
 (d) The federal, state and local income or other tax returns filed by the Executive and the Company (or any filing made by a
consolidated tax group which includes the Company) shall be prepared and filed on a consistent basis with the determination of the Accounting Firm with respect to the Excise Tax payable by the Executive. The Executive shall make proper payment of
the amount of any Excise Tax, and at the request of the Company, provide to the Company true and correct copies (with any amendments) of Executive’s federal income tax return as filed with the Internal Revenue Service and corresponding state
and local tax returns, if relevant, as filed with the applicable taxing authority, and such other documents reasonably requested by the Company, evidencing such payment. If prior to the filing of the Executive’s federal income tax return, or
corresponding state or local tax return, if relevant, the Accounting Firm determines that the amount of the Gross-Up Payment should be reduced, the Executive shall within five business days pay to the Company the amount of such reduction.

 (e) The fees and expenses of the Accounting Firm for its services in connection with the determinations and calculations contemplated by
Sections 5(b) and (d) hereof shall be borne by the Company. If such fees and expenses are initially advanced by the Executive, the Company shall reimburse the Executive the full amount of such fees and expenses on the fifth business day after
receipt from the Executive of a statement therefore and reasonable evidence of Executive’s payment thereof. 
  

 10 

 (f) The Executive shall notify the Company in writing of any claim by the Internal Revenue Service that,
if successful, would require the payment by the Company of a Gross-Up Payment. Such notification shall be given as promptly as practicable but no later than 10 business days after the Executive actually receives notice of such claim and the
Executive shall further apprise the Company of the nature of such claim and the date on which such claim is requested to be paid (in each case, to the extent known by the Executive). The Executive shall not pay such claim prior to the earlier of
(a) the expiration of the 30-calendar-day period following the date on which Executive gives such notice to the Company and (b) the date that any payment of amount with respect to such claim is due. If the Company notifies the Executive in
writing prior to the expiration of such period that it desires to contest such claim, the Executive shall: 
 (i) provide the
Company with any written records or documents in Executive’s possession relating to such claim reasonably requested by the Company; 
 (ii) take such action in connection with contesting such claim as the Company shall reasonably request in writing from time to time, including without limitation accepting legal representation with respect to such
claim by an attorney competent in respect of the subject matter and reasonably selected by the Company; 
 (iii) cooperate
with the Company in good faith in order to effectively contest such claim; and 
 (iv) permit the Company to participate in
any proceedings relating to such claim; 
 provided, however, that the Company shall bear and pay directly all costs and expenses (including interest
and penalties) incurred in connection with such contest and shall indemnify and hold harmless the Executive, on an after-tax basis, for and against any Excise Tax or income tax, including interest and penalties with respect thereto, imposed as a
result of such representation and payment of costs and expenses. Without limiting the foregoing provisions of this Section 5(f), the Company shall control all proceedings taken in connection with the contest of any claim contemplated by this
Section 5(f) and, at its sole option, may pursue or forego any and all administrative appeals, proceedings, hearings and conferences with the taxing authority in respect of such claim (provided, however, that the Executive may
participate therein at Executive’s own cost and expense) and may, at its option, either direct the Executive to pay the tax claimed and sue for a refund or contest the claim in any permissible manner, and the Executive agrees to prosecute such
contest to a determination before any administrative tribunal, in a court of initial jurisdiction and in 
  

 11 

 one or more appellate courts, as the Company shall determine; provided, however, that if the Company directs the
Executive to pay the tax claimed and sue for a refund, the Company shall indemnify and hold the Executive harmless, on an after-tax basis, from any Excise Tax or income tax, including interest or penalties with respect thereto, imposed with respect
thereto; and provided further, however, that any extension of the statute of limitations relating to payment of taxes for the taxable year of the Executive with respect to which the contested amount is claimed to be due is limited solely to
such contested amount. Furthermore, the Company’s control of any such contested claim shall be limited to issues with respect to which a Gross-Up Payment would be payable hereunder and the Executive shall be entitled to settle or contest, as
the case may be, any other issue raised by the Internal Revenue Service or any other taxing authority. 
 (g) If the Executive receives any
refund with respect to such claim, the Executive shall be entitled to retain same (together with any interest paid or credited thereon after any taxes applicable thereto). 
 6. Obligations Absolute; No Mitigation; No Effect On Other Rights. 
 (a) The obligations of the Company to make the payment to the Executive, and to make the arrangements, provided for herein are absolute and unconditional and may not be reduced by any circumstances, including without
limitation any set-off, counterclaim, recoupment, defense or other right which the Company may have against the Executive or any third party at any time. 
 (b) The Executive shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise, and no such payment shall be offset or reduced by the amount of
any compensation or benefits provided to the Executive in any subsequent employment. 
 (c) The provisions of this Agreement, and any payment
provided for herein, shall not supersede or in any way limit the rights, benefits, duties or obligations which the Executive may now or in the future have under any benefit, incentive or other plan or arrangement of the Company or any other
agreement with the Company. 
 7. Not an Employment Agreement. Subject to the terms of this or any other agreement or arrangement
between the Company and the Executive that may then be in effect, nothing herein shall prevent the Company from terminating the Executive’s employment. 
 8. Successors; Binding Agreement, Assignment. 
 (a) The Company shall require any successor (whether
direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business of the Company, by agreement to expressly, absolutely and unconditionally 
  

 12 

 assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required
to perform it if no such succession had taken place. Failure of the Company to obtain such agreement prior to the effectiveness of any such succession shall be a material breach of this Agreement and shall entitle the Executive to terminate the
Executive’s employment with the Company or such successor for Good Reason immediately prior to or at any time after such succession. As used in this Agreement, “Company” shall mean (i) the Company as hereinbefore defined, and
(ii) any successor to all or substantially all of the Company’s business or assets which executes and delivers an agreement provided for in this Section 8(a) or which otherwise becomes bound by all the terms and provisions of this
Agreement by operation of law, including any parent or subsidiary of such a successor. 
 (b) This Agreement shall inure to the benefit of
and be enforceable by the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Executive should die while any amount would be payable to the Executive hereunder
if the Executive had continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive’s estate or designated beneficiary. Neither this Agreement nor any right
arising hereunder may be assigned or pledged by the Executive. 
 9. Notice. For purpose of this Agreement, notices and all other
communications provided for in this Agreement or contemplated hereby shall be in writing and shall be deemed to have been duly given when personally delivered or when mailed United States certified or registered mail, return receipt requested,
postage prepaid, and addressed, in the case of the Company, to the Company at: 
 P.O. Box 990 
 Minneapolis, MN 55440 
 Attention: Corporate
Secretary 
 and in the case of the Executive, to the Executive at the most current address shown on the Executive’s employment records. Either party
may designate a different address by giving notice of change of address in the manner provided above, except that notices of change of address shall be effective only upon receipt. 
 10. Expenses. In addition to all other amounts payable to the Executive under this Agreement, the Company shall pay or reimburse the Executive for
legal fees (including without limitation, any and all court costs and attorneys’ fees and expenses), incurred by the Executive in connection with or as a result of any claim, action or proceeding brought by the Company or the Executive with
respect to or arising out of this Agreement or any provision hereof; unless, (i) in the case of an action brought by the Executive, it is determined by an arbitrator or by a court of competent jurisdiction that such action was frivolous and was
not brought in good faith, or (ii) in the case of a claim arising under section 11 hereof, the Company prevails on the merits of such claim. 
  

 13 

 11. Nondisclosure of Confidential Information; Non-Competition. 
 (a) Executive shall not, without the prior written consent of the Company, use, divulge, disclose or make accessible to any other person, firm,
partnership, corporation or other entity any Confidential Information pertaining to the business of the Company or any of its affiliates, except (i) while employed by the Company, in the business of and for the benefit of the Company, or
(ii) when required to do so by a court of competent jurisdiction, by any governmental agency having supervisory authority over the business of the Company, or by any administrative body or legislative body (including a committee thereof) with
jurisdiction to order Executive to divulge, disclose or make accessible such information. For purposes of this Section 11(a), “Confidential Information” shall mean non-public information concerning the financial data, strategic
business plans, product development (or other proprietary product data), customer lists, marketing plans and other non-public, proprietary and confidential information of the Company or its affiliates (the “Restricted Group”) or customers,
that, in any case, is not otherwise available to the public (other than by Executive’s breach of the terms hereof). 
 [Note: Sections 11(b-d) below
shall apply only to those Executives in Tier I (the CEO, President or any Executive Vice President of the Company ); or Tier II (Senior Vice Presidents of the Company) who have executed this Agreement in the form hereof.] 
 (b) During the period of Executive’s employment hereunder and for one (1) year thereafter, Executive agrees that, without the prior written
consent of the Company, (A) Executive will not, directly or indirectly, either as principal, manager, agent, consultant, officer, stockholder, partner, investor, lender or employee or in any other capacity, carry on, be engaged in or have any
financial interest in, any business which is in competition with the business of the Restricted Group and (B) Executive shall not, on Executive’s own behalf or on behalf of any person, firm or company, directly or indirectly, solicit or
offer employment to any person who has been employed by the Restricted Group at any time during the 12 months immediately preceding such solicitation. 
 (c) For purposes of this Section 11, a business shall be deemed to be in competition with the Restricted Group if it or any of its material affiliates is in the business of selling food (fresh, packaged and/or
frozen), retail or wholesale, within the continental United States. Nothing in this Section 11 shall be construed so as to preclude Executive from investing in any publicly or privately held company, provided Executive’s beneficial
ownership of any class of such company’s securities does not exceed 1% of the outstanding securities of such class. Executive shall retain the right 
  

 14 

 to seek the written approval of the Company’s [successor]9 Chief Executive Officer waiving the requirements of Section 11(b) with respect to any particular activity in which Executive seeks to engage. 
 (d) Executive and the Company agree that this covenant not to compete is a reasonable covenant under the circumstances, and further agree that if in the
opinion of any court of competent jurisdiction such restraint is not reasonable in any respect, such court shall have the right, power and authority to excise or modify such provision or provisions of this covenant as to the court shall appear not
reasonable and to enforce the remainder of the covenant as so amended. 
 (e) Executive agrees that any breach of the covenants contained in
this Section 11 would irreparably injure the Company. Accordingly, Executive agrees that the Company may, in addition to pursuing any other remedies it may have in law or in equity, cease making any payments otherwise required by this Agreement
and obtain an injunction against Executive from any court having jurisdiction over the matter restraining any further violation of this Agreement by Executive; provided, however, that the Company may not cease making any payments required by
this Agreement until a court or arbitrator(s) having jurisdiction over the matter has made a final non-appealable determination on the merits of such action in the Company’s favor. 
 12. Miscellaneous. No provision of this Agreement may be amended, altered, modified, waived or discharged unless such amendment, alteration,
modification, waiver or discharge is agreed to in writing signed by the Executive and such officer of the Company as shall be specifically designated by the Committee or by the Board. 
 (a) Notwithstanding the foregoing, if the Company determines from time to time in good faith that any provision of this Agreement is not or may not be in
compliance with Section 409A of the Code and that such provisions can be amended to comply with Section 409A without causing any violation of any other provision of law, the Company may, but shall not be obligated to, amend such provision
without the consent of the Executive for the purpose eliminating or modifying the provision in such manner as the Company determines to be necessary and appropriate to comply with Section 409A of the Code. In effecting any such amendment, the
Company shall replace any benefits that may be lost with economic consideration of its choosing that is of equal cost or of equal value, as determined in its reasonable discretion. Unless under the circumstances it is impracticable to do so, the
Executive shall be given reasonable advance notice of the Company’s intention to amend. Any such amendment shall applied on a reasonably uniform basis to all similar agreements and shall be evidenced in writing. The Executive shall receive such
written notice as soon as practicable after its effective date. 
  

	9	For CEO only. 

  

 15 

 (b) No waiver by either party, at any time, of any breach by the other party of, or of compliance by the
other party with, any condition or provision of this Agreement to be performed or complied with by such other party shall be deemed a waiver of any similar or dissimilar provision or condition of this Agreement or any other breach of or failure to
comply with the same condition or provision at the same time or at any prior or subsequent time. No agreements or representations, oral or otherwise, express or implied, with respect to the subject matter hereof have been made by either party which
are not expressly set forth in this Agreement. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the State of Delaware without giving effect to its conflict of laws rules. Any action
brought by the Executive or the Company shall be brought and maintained in a court of competent jurisdiction in the State of Minnesota. 
 13. Severability. If any one or more of the provisions of this Agreement shall be held to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions of this Agreement shall not be
affected thereby. To the extent permitted by applicable law, each party hereto waives any provision of law which renders any provision of this Agreement invalid, illegal or unenforceable in any respect. 
 14. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be an original and all of which shall be deemed
to constitute one and the same instrument. 
 15. Entire Agreement. This Agreement constitutes the entire agreement between the
parties hereto with respect to the subject matter hereof, and supersedes all prior oral or written agreements, commitments or understanding with respect to the matters provided for herein (except that any other non-disclosure, non-competition or
non-solicitation agreements or provisions the parties hereto have entered into shall continue to be in effect). 
 16. Grantor Trust.
Immediately prior to a Change of Control, the Company shall contribute to a grantor trust an amount equal to 125% of the payments Executive would receive from the Company, pursuant to Section 4 hereof, if Executive were terminated without Cause
by the Company or if Executive were to terminate Executive’s employment for Good Reason, in either case, immediately following the Change of Control. 
  

 16 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.

  

					
	Witnesses:	 	SUPERVALU INC.
		
	  
	 	  

			
		 	Name:	 	  

			
		 	Title:	 	  

		
	  
	 	  

		 	Executive

  

 17

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