Document:

EX-10.2

 Exhibit 10.2 

United Stationers Inc. Executive Severance Plan 
  

	1.	Severance Plan for Executives 

 The Severance Plan for Executives (the “Plan”)
is intended to provide certain eligible employees of UNITED STATIONERS INC., a Delaware corporation (hereinafter, together with its successors, referred to as “Holding”), UNITED STATIONERS SUPPLY CO., an Illinois corporation
(hereinafter, together with its successors, referred to as the “Company”), and UNITED STATIONERS MAMANAGEMENT SERVICES, L.L.C., an Illinois limited liability company (hereinafter, together with its successors, referred to as
“USMS”) (with Holding, the Company, USMS, and their respective subsidiaries and affiliates including the entity employing the Executive, and any successors thereto, hereinafter referred to as the “Companies”)
severance benefits in the event of such employee’s Eligible Termination or Eligible Change of Control Termination under the terms and conditions set forth in the Plan. The policy is intended to cover all Eligible Employees regardless of
jurisdiction, but be subject to local laws and regulations and thereby tailored in its application, as required. 
  

	2.	Key Definitions 

 a. “Board” means the Board of Directors of Holding.

 b. “Cause” shall mean the (i) conviction of, or plea of nolo contendere to, a felony (excluding motor
vehicle violations); (ii) theft or embezzlement, or attempted theft or embezzlement, of money or property or assets of the Companies; (iii) illegal use of drugs; (iv) material breach of this Agreement or any employment-related
undertakings provided in a writing signed by the Executive prior to or concurrently with this Agreement; (v) gross negligence or willful misconduct in the performance of Executive’s duties; (vi) breach of any fiduciary duty owed to
the Companies, including, without limitation, engaging in competitive acts while employed by the Companies; or (vii) the Executive’s willful refusal to perform the assigned duties for which the Executive is qualified as directed by the
Executive’s Supervising Officer (as hereinafter defined) or the Board; provided, that in the case of any event constituting Cause within clauses (viii) through (ix) which is curable by the Executive, the Executive has been given
written notice by the Companies of such event said to constitute Cause, describing such event in reasonable detail, and has not cured such action within thirty (30) days of such written notice as reasonably determined by the Chief Executive
Officer. For purposes of this definition of Cause, action or inaction by the Executive shall not be considered “willful” unless done or omitted by the Executive (i) intentionally or not in good faith and (ii) without reasonable
belief that the Executive’s action or inaction was in the best interests of the Companies, and shall not include failure to act by reason of total or partial incapacity due to physical or mental illness. 

c. “Change of Control” shall mean and include any of the following: (i) Any “Person” (having the meaning
ascribed to such term in Section 3(a)(9) of the Securities Exchange Act of 1934 (the “Exchange Act”) and used in Sections 13(d) and 14(d) thereof, including a “group” within the meaning of Section 13(d)(3)) has or
acquires “Beneficial Ownership” (within the meaning of Rule 13d-3 under the Exchange Act) of 30% or more of the combined voting power of Holding’s then outstanding voting securities entitled to vote generally in the election of
directors (“Voting Securities”); provided, however, that the acquisition or holding of Voting Securities by (A) Holding of any of its Subsidiaries, (B) an employee benefit plan (or a trust forming a part thereof)
maintained by Holding or any of its Subsidiaries, or (C) any Person in which the Executive has a substantial equity interest shall not constitute a Change of Control. Notwithstanding the foregoing, a Change of Control shall not be deemed to
occur solely because any Person acquired Beneficial Ownership of more 

  
 PAGE 1 

 
than the permitted amount of Voting Securities as a result of (D) the issuance of Voting Securities by Holding in exchange for assets (including equity interests) or funds with a fair value
equal to the fair value of the Voting Securities so issued or (E) the acquisition of Voting Securities by Holding which, by reducing the number of Voting Securities outstanding, increases the proportional number of shares Beneficially Owned by
such Person; provided that if a Change of Control would occur (but for the operation of this sentence) as a result of the issuance of Voting Securities or the acquisition of Voting Securities by Holding, and after such issuance or acquisition, such
Person becomes the Beneficial Owner of any additional Voting Securities which increases the percentage of the Voting Securities Beneficially Owned by such Person to more than 50% of the Voting Securities of Holding, then a Change of Control shall
occur; (ii) At any time during a period of two consecutive years, the individuals who at the beginning of such period constituted the Board (the “Incumbent Board”) cease for any reason to constitute more than 50% of the Board;
provided, however, that if the election, or nomination for election by Holding’s shareholders, of any new director was approved by a vote of more than 50% of the directors then comprising the Incumbent Board, such new director shall, for
purposes of this subsection (ii), be considered as though such person were a member of the Incumbent Board; provided, further, however, that no individual shall be considered a member of the Incumbent Board if such individual initially assumed
office as a result of (A) either an actual “Election Consent” (as described in Rule 14a-11 promulgated under the Exchange Act) or other actual solicitation of proxies or consents by or on behalf of a Person other than the Incumbent
Board (a “Proxy Contest”), or (B) by reason of an agreement intended to avoid or settle any actual or threatened Election Contest or Proxy Contest; (iii) Consummation of a merger, consolidation or reorganization or
approval by Holding’s shareholders of a liquidation or dissolution of Holding or the occurrence of a liquidation or dissolution of Holding (“Business Combination”), unless, following such Business Combination: (A) the
Persons with Beneficial Ownership of Holding, immediately before such Business Combination, have Beneficial Ownership of more than 50% of the combined voting power of the then outstanding voting securities entitled to vote generally in the election
of directors of the corporation (or in the election of a comparable governing body of any other type of entity) resulting from such Business Combination (including, without limitation, an entity which as a result of such transaction owns Holding or
all or substantially all of Holding’s assets either directly or through one or more subsidiaries) (the “Surviving Company”) in substantially the same proportions as their Beneficial Ownership of the Voting Securities
immediately before such Business Combination, (B) the individuals who were members of the Incumbent Board immediately prior to the execution of the initial agreement providing for such Business Combination constitute more than 50% of the
members of the board of directors (or comparable governing body of a noncorporate entity) of the Surviving Company; and (C) no Person (other than Holding, any of its Subsidiaries or any employee benefit plan (or any trust forming a part
thereof) maintained by Holding, the Surviving Company or any Person who immediately prior to such Business Combination had Beneficial Ownership of 30% or more of the then Voting Securities) has Beneficial Ownership of 30% or more of the then
combined voting power of the Surviving Company’s then outstanding voting securities; provided, that notwithstanding this clause (C), a Change of Control shall not be deemed to occur solely because any Person acquired Beneficial Ownership of
more than 30% of Voting Securities as a result of the issuance of Voting Securities by Holding in exchange for assets (including equity interests) or funds with a fair value equal to the fair value of the Voting Securities so issued; provided,
however that a Business Combination with a Person in which the Executive has a substantial equity interest shall not constitute a Change of Control with respect to such Person. (iv) The closing of any assignment, sale, conveyance, transfer,
lease or other disposition of all or substantially all of the assets of Holding to any Person (other than a Person in which the Executive has a substantial equity interest (in which case there shall not be a Change of Control with respect to such
Person) and other than a Subsidiary of Holding or other entity, the Persons with Beneficial Ownership of which are the same Persons with Beneficial Ownership of Holding and such Beneficial Ownership is in substantially the same proportions), or the
occurrence of the same. 

  
 PAGE 2 

 d. “Eligible Employee” shall mean a regular full-time salaried employee of the
Companies, or any of its affiliates, who does not have an individual employment agreement with the Companies, who is a member of the Senior Leadership Team of Holding, and who shall have executed a Release Agreement. 

e. “Eligible Change of Control Termination” shall mean during the Protection Period (i) an involuntary termination of
employment without Cause; (ii) a voluntary termination by the employee for “Good Reason”. 
 f. “Eligible
Termination” shall mean (i) an involuntary termination of employment by reason of a reduction in force program, job elimination, or unsatisfactory performance in the execution of an Eligible Employee’s duties; (ii) a
resignation mutually agreed to in writing by the Companies and the Eligible Employee; or (iii) any other termination that is designated by the management of the Companies to be an Eligible Termination. An Eligible Termination shall not include
(iv) a unilateral resignation; (v) a termination by the Company for Cause; or (vi) a termination as a result of a change of control of the Companies. 

g. “Good Reason” shall mean (i) any material breach by the Companies of this Agreement without Executive’s written
consent, or (ii) without Executive’s written consent: (A) a material reduction in the Executive’s Base Salary, or (B) the relocation of the Executive’s principal place of employment more than fifty (50) miles from
its location on the Effective Date. For purposes of this Agreement, a Change of Control, alone, does not constitute Good Reason. Furthermore, notwithstanding the above, the occurrence of any of the events described above will not constitute Good
Reason unless the Executive gives the Companies written notice within thirty (30) days after the initial occurrence of any of such events that the Executive believes that such event constitutes Good Reason, and the Companies thereafter fail to
cure any such event within sixty (60) days after receipt of such notice. 
 h. “Protection Period” shall mean the
two-year period following a Change of Control. 
 i. “Release Agreement” shall mean the Companies’ then-current
standard form of release which, if executed by the Eligible Employee, will acknowledge his or her termination of employment with the Companies and release the Companies from liability for any claims. 

 

	3.	General Severance Benefits 

 In consideration of the Eligible Employee executing a
Release Agreement, in the event of an Eligible Termination, an Eligible Employee shall be entitled to receive from the Companies benefits as set forth below. Unless otherwise noted, payments will be made in a lump sum on the 90th day following the employee’s termination: 
 a. Cash Severance: cash severance
in the amount of x-times the sum of the employee’s annual base salary (using the employee’s salary rate in effect at the time of termination) and target bonus opportunity. 

 

					
	 Position
	  	Severance Multiple	 
	 CEO
	  	 	2.0×	  
	 EVP/SVP/President
	  	 	1.5×	  
	 VP
	  	 	1.0×	  

 b. Pro Rata Bonus: a bonus in an amount equal to the actual bonus which would have been payable under
the Companies’ Cash Award Incentive Plan (CIP), had such employee remained employed through the end of the year of such termination multiplied by a fraction the numerator of 

  
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which is the number of full months of employment during the calendar year of termination and the denominator of which is 12. Such bonus shall be payable at the time otherwise payable under the
CIP, had employment not terminated. 
 c. Welfare Benefits Continuation: an amount sufficient to cover the employer portion of medical
benefits for a period of 6 months at the levels in effect for the employee immediately prior to termination of employment. 
  

	4.	Change-of-Control Severance Benefits 

 In consideration of the Eligible Employee
executing a Release Agreement, in the event of an Eligible Change of Control Termination during the Protection Period, an Eligible Employee shall be entitled to receive from the Companies benefits as set forth below. Unless otherwise noted, payments
will be made in a lump sum on the 90th day following the employee’s termination: 

a. Cash Severance: cash severance in the amount of x times the sum of the employee’s annual base salary and target bonus
opportunity; 
  

					
	 Position
	  	Severance
Multiple	 
	 CEO/EVP/SVP/President
	  	 	2.0×	  
	 VP
	  	 	1.5×	  

 b. Pro Rata Bonus: a bonus in an amount equal to the Eligible Employee’s target bonus opportunity
multiplied by a fraction the numerator of which is the number of full months of employment during the calendar year of termination and the denominator of which is 12; 

c. Welfare Benefits Continuation: an amount sufficient to cover the employer portion of medical benefits for a period of 18 months at
the levels in effect for the employee immediately prior to termination of employment. 
 d. Outplacement Services: an amount
sufficient to cover outplacement benefits for a period of 9 months, subject to a maximum amount of $25,000. 
 e. Excise Taxes: In
connection with the excise tax imposed by Section 4999 of the Internal Revenue Code (“Code”), as amended, the Plan will provide for the “Best Net” so that Eligible Employee’s aggregate severance payments and benefits
would be reduced to $1.00 less than that amount which would trigger the Code Section 4999 excise tax if such reduction would result in such Eligible Employee receiving a greater after-tax benefit than Eligible Employee would receive if the full
severance benefits were paid (i.e., the aggregate severance payments and benefits that Eligible Employee receives will be either the full amount of severance payments and benefits or an amount of severance payments and benefits reduced to the extent
necessary so that the Eligible Employee incurs no excise tax, whichever results in the Eligible Employee receiving the greater amount, taking into account applicable federal, state and local income, employment and other applicable taxes, as well as
the excise tax). 
  

	5.	Restrictive Covenants 

 Notwithstanding anything to the contrary in this Agreement,
receipt of benefits under this Plan shall be contingent upon the Eligible Employee executing and delivering (i) a general release of claims following the date of the Eligible Termination that, within 60 days of such Eligible Termination, has
become irrevocable by the Eligible Employee and (ii) a restrictive covenants and cooperation 

  
 PAGE 4 

 
agreement (the “Restrictive Covenants”) that, within 60 days of the Eligible Termination, has become irrevocable. The date on which the Restrictive Covenants become irrevocable under
this subparagraph shall be referred to as the Restrictive Covenants Effective Date. If the Eligible Employee fails to timely execute and deliver the Restrictive Covenants, then the Companies shall have no obligation to pay or provide the benefits
provided under this Plan. 
  

	6.	Administration 

 a. Withholding Taxes. ABC may withhold from all payments or
benefits due to the Eligible Employee hereunder or under any other plan or arrangement of the Companies all taxes which, by applicable federal, state, local or other law, ABC determines it is required to withhold therefrom. 

b. Code Section 409A. To the extent applicable, it is intended that the Plan comply with the provisions of Code Section 409A.
The Plan will be administered and interpreted in a manner consistent with this intent, and any provision that would cause the Plan to fail to satisfy Code Section 409A will have no force and effect until amended to comply therewith (which
amendment may be retroactive to the extent permitted by Code Section 409A). Notwithstanding anything contained herein to the contrary, for all purposes of this Plan, an Eligible Employee shall not be deemed to have had a termination of
employment until such Eligible Employee has incurred a separation from service as defined in Treasury Regulation §1.409A-1(h) and, to the extent required to avoid accelerated taxation and/or tax penalties under Code Section 409A, payment
of the amounts payable under the Plan that would otherwise be payable during the six-month period after the date of termination shall instead be paid on the first business day after the expiration of such six-month period, plus interest thereon, at
a rate equal to the applicable “Federal short-term rate” (as defined in Code Section 1274(d)) for the month in which such date of termination occurs, from the respective dates on which such amounts would otherwise have been paid until
the actual date of payment. In addition, for purposes of the Plan, each amount to be paid and each installment payment shall be construed as a separate, identified payment for purposes of Code Section 409A. With respect to expenses eligible for
reimbursement under the terms of this Plan, (i) the amount of such expenses eligible for reimbursement in any taxable year shall not affect the expenses eligible for reimbursement in another taxable year and (ii) any reimbursements of such
expenses shall be made no later than the end of the calendar year following the calendar year in which the related expenses were incurred, except, in each case, to the extent that the right to reimbursement does not provide for a “deferral of
compensation” within the meaning of Code Section 409A. 
 c. ERISA. This Plan shall be deemed to be an “employee
welfare benefit plan” as defined by Section 3(1) of the Employee Retirement Income Security Act of 1974, as amended. Accordingly, notwithstanding any contrary provision of the Plan, if the amount otherwise payable to an Eligible Employee
under the Plan exceeds two times the Eligible Employee’s annual compensation during the year immediately preceding the year during which the Eligible Employee’s termination occurs (the “Permissible Amount”), the amount to be paid
under the Plan shall be reduced so that it does not exceed the Permissible Amount. For this purpose, annual compensation includes all wages, salary, and any other benefits of monetary value, whether paid in cash or otherwise, which was paid as
consideration for the Eligible Employee’s services during the year (or which would have been paid if the Eligible Employee had been employed a full year). 

d. Waiver of Breach. No waiver by any party hereto of a breach of any provision of the Plan by any other party, or of compliance with
any condition or provision of the Plan to be performed by such other party, will operate or be construed as a waiver of any subsequent breach by such other party of any similar or dissimilar provisions and conditions at the same or any prior or
subsequent time. The failure of any party hereto to take any action by reason of such breach will not deprive such parry of the right to take action at any time while such breach continues 

  
 PAGE 5 

 e. Amendment and Termination. The Board may amend or terminate the Plan at any time;
provided, however that no amendment of the Plan which is adopted on or after a Change of Control or during the 180-day period immediately preceding a Change of Control shall directly or indirectly adversely affect any Eligible Employee’s rights
and benefits under the Plan without the written consent of such Eligible Employee and further provided, that the upon and after a Change of Control, the Plan may not be terminated prior to the second anniversary of the occurrence of such Change of
Control. 
 f. Administration. The Committee shall be responsible for administering this Plan. The Committee has the exclusive right,
power and authority, in its sole and absolute discretion, to administer and interpret the Plan and other Plan documents. The Committee has all powers reasonably necessary to carry out its responsibilities under the Plan, including but not limited to
the sole and absolute discretionary authority to (i) administer the Plan according to its terms and to interpret Plan policies and procedures; (ii) resolve and clarify inconsistencies, ambiguities and omissions in the Plan document and
among and between the Plan document and other related documents; (iii) take all actions and make all decisions regarding questions of coverage, eligibility and entitlement to benefits, and benefit amounts; (iv) process and approve or deny
all claims for benefits; and (v) employ attorneys, consultants, accounts, agents and other individuals, any of whom may be an employee of the Companies, and the Committee, the Companies, and their officers and directors shall be entitled to
rely upon the advice, opinions or valuations of any such individuals. All actions taken by the Committee, and all interpretations and determinations made by the Committee on any disputes arising under the Plan, including but not limited to questions
of construction, interpretation and administration shall be final, conclusive and binding upon the Eligible Employees, the Companies, and all other persons having an interest in or under the Plan. Any determination made by the Committee shall be
given deference in the event the determination is subject to judicial review and shall be overturned by a court of law only if it is arbitrary and capricious. 

g. Binding Agreement; Successors. In the event of any Change of Control, the provisions of this Plan shall be binding upon the surviving
corporation, and such surviving corporation shall be treated as ABC hereunder. This Plan shall inure to the benefit of and be enforceable by the Eligible Employee’s personal or legal representatives, executors, administrators, successors,
heirs, distributees, devisees and legatees. If an Eligible Employee dies while any amounts would be payable to the Eligible Employee hereunder had the Eligible Employee continued to live, all such amounts, unless otherwise provided herein, shall be
paid in accordance with the terms of this Plan to such person or persons appointed in writing by the Eligible Employee to receive such amounts or, if no person is so appointed, to the Eligible Employee’s estate. 

h. Gender and Number. Except where otherwise indicated by the context, any masculine term used herein also shall include the feminine,
the plural shall include the singular, and the singular shall include the plural. 
 i. Unfunded Plan. Eligible Employees shall have
no right, title or interest whatsoever in or to any investments that the Companies may make to aid it in meeting its obligations under this Plan. Nothing contained in this Plan, and no action taken pursuant to its provisions, shall create or be
construed to create a trust of any kind, or a fiduciary relationship between the Companies and any Eligible Employee, beneficiary, legal representative or any other individual. To the extent that any individual acquires a right to receive payments
under this Plan, such right shall be no greater than the right of an unsecured general creditor of the Companies. All payments to be made hereunder shall be paid from the general funds of ABC, and no special or separate fund shall be established,
and no segregation of assets shall be made to assure payment of such amounts except as expressly set forth in this Plan. 
 j. Governing
Law and Miscellaneous. The law of the State of Illinois shall govern this Plan without giving effect to its conflict of law principles. Should a court of competent jurisdiction find that any provision of this Plan is void, voidable, illegal, or
unenforceable, no other provision shall be affected thereby and the balance shall be interpreted in a manner that gives effect to the intent of the parties. The normal rules of construction hold that all ambiguities are construed against the
drafting party will not apply to the interpretation of this Plan. 

  
 PAGE 6EX-10.3

 Exhibit 10.3 

UNITED STATIONERS INC. 

2004 LONG-TERM INCENTIVE PLAN 

Performance Based Restricted Stock Unit Award Agreement 

This Restricted Stock Unit Award Agreement (this “Agreement”), dated March 15, 2014, (the “Award Date”), is by and between
[[FIRSTNAME]] [[LASTNAME]] (the “Participant”), and United Stationers Inc., a Delaware corporation (the “Company”). Any term capitalized but not defined in this Agreement will have the meaning set forth in the
Company’s 2004 Long-Term Incentive Plan (the “Plan”). 
 In the exercise of its discretion to grant awards under the Plan, the Committee has
determined that the Participant should receive an award of restricted stock units (“Units”) under the Plan, on the following terms and conditions: 
  

	1.	Grant. The Company hereby grants to the Participant a Restricted Stock Unit Award (the “Award”) consisting of [[SHARESGRANTED]] Units (the “Target Number of Units”), subject to
possible increase to as many as two times the Target Number of Units (the “Maximum Number of Units”) noted above depending on the degree to which the Company has satisfied the performance-based objectives specified in Appendix A to
this Agreement. Each Unit that vests represents the right to receive one share of the Company’s common stock as provided in Section 5 of this Agreement. The Award will be subject to the terms and conditions of the Plan and this
Agreement. 

  

	2.	No Rights as a Stockholder. The Units granted pursuant to this Award do not entitle the Participant to any rights of a stockholder of the Company’s Stock. The Participant’s rights with respect
to the Units shall remain forfeitable at all times until satisfaction of the vesting conditions set forth in Section 3 of this Agreement. 

  

	3.	Vesting; Effect of Date of Termination. For purposes of this Agreement, “Vesting Date” means any date, including the Scheduled Vesting Dates (as defined below), on which Units subject to this Award
vest as provided in this Section 3. 

  

	 	(a)	(Subject to paragraphs 3(b) through 3(f), a portion of the Participant’s Units will be eligible to vest on each of March 1, 2015, March 1, 2016 and March 1, 2017 (the “Scheduled
Vesting Dates”). Units will vest on a Scheduled Vesting Date (i) if the Participant’s Date of Termination has not occurred before that Scheduled Vesting Date, and (ii) only to the extent the Units have been earned as provided in
Section 4 during the applicable performance period from January 1, 2013 to the most recent December 31 prior to that Scheduled Vesting Date. The following table summarizes the dates, time periods and corresponding terminology
relevant to this Award: 

  

					
	 Performance Period
	  	Applicable
Determination Date	  	Applicable Scheduled Vesting Date
	 1/1/2014 – 12/31/2014
	  	December 31, 2014	  	March 1, 2015
	 1/1/2015 – 12/31/2015
	  	December 31, 2015	  	March 1, 2016
	 1/1/2016 – 12/31/2016
	  	December 31, 2016	  	March 1, 2017

 The period from March 15, 2014 through March 1, 2017 is referred to as the “Vesting
Period.” If the Participant’s Date of Termination occurs for any reason during the Vesting Period, the Participant’s Units that have not yet vested will be forfeited on and after the Participant’s Date of Termination, except as
provided in paragraphs 3(b) through 3(f). 
  

	 	(b)	If the Participant’s Date of Termination occurs during the Vesting Period by reason of the Participant’s death or Permanent and Total Disability (as defined in paragraph 3(g)), a portion of the then unvested
Units subject to this Award will become vested as of the Participant’s Date of Termination. That portion shall be equal to a number of Units determined by multiplying the lesser of (i) one-third of the Target Number of Units or
(ii) the Target Number of Units not yet vested immediately prior to the Participant’s Date of Termination, by a fraction, the numerator of which shall be the number of whole months elapsed from the most recent March 1 prior to the
Date of Termination, and the denominator of which shall be twelve. Any remaining Units subject to this Award that do not vest as provided in this paragraph shall be forfeited. 

 

	 	(c)	 If the Participant’s Date of Termination occurs during the Vesting Period by reason of the Participant’s Retirement (as defined in paragraph
3(j)), then the unvested Units at that time will continue to vest on the remaining Scheduled Vesting Dates to the extent that the Units have been earned as provided in Section 4 during the Performance Period corresponding to each such Scheduled
Vesting Date, but only if the following conditions have been satisfied: (i) the Participant has provided the Company with written notice of his or her intent to retire at least 3 months prior to the

	 	
Participant’s Date of Termination (but such advance notice shall not be required if Retirement occurs as a result of Participant’s involuntary separation from service without Cause,
Participant’s death or Disability, or Participant’s separation from service for Good Reason); and (ii) the Participant executes prior to such Date of Termination a release of claims and an agreement not to compete in such forms as the
Company may prescribe. If these conditions are not satisfied prior to Participant’s Date of Termination, any unvested Units as of the Date of Termination shall be forfeited. 

 

	 	(d)	If a Change of Control occurs during the Vesting Period and prior to the Participant’s Date of Termination, then the greater of (i) 100% of the Target Number of Units not yet vested immediately prior to the
Change of Control, or (ii) an amount determined by multiplying 100% of the Target Number of Units not yet vested immediately prior to the Change of Control by the Performance Factor (determined as provided in Appendix A) for the
Performance Period associated with the most recent Scheduled Vesting Date (if any) prior to the date of the Change in Control, will become fully vested as of the date of such Change of Control. All Units that have vested as a result of the
Change of Control shall be deemed Earned Units for purposes of applying the formula specified in Appendix A. 

  

	 	(f)	If the Participant’s Date of Termination occurs during the Vesting Period by reason of the involuntary termination of the Participant’s employment by the Company or its Subsidiaries without Cause or by the
Participant for Good Reason, and a Change of Control then occurs within two years following the Participant’s Date of Termination, a number of shares of Stock equal to the portion of the Target Number of Units forfeited on the
Participant’s Date of Termination (subject to paragraph 5.2(f) of the Plan) shall be issued to the Participant on a fully vested basis promptly, but in no event later than two and one-half months after the end of the calendar year in which
the Change of Control occurred. 

  

	 	(g)	For purposes of this Agreement, the term “Permanent and Total Disability” means the Participant’s inability, due to illness, accident, injury, physical or mental incapacity or other disability,
effectively to carry out his duties and obligations as an employee of the Company or its Subsidiaries or to participate effectively and actively as an employee of the Company or its Subsidiaries for 90 consecutive days or shorter periods aggregating
at least 180 days (whether or not consecutive) during any twelve-month period. 

  

	 	(h)	For purposes of this Agreement, “Good Reason” shall mean: (i) any material breach by the Company of this Agreement or of any employment agreement with the Participant without Participant’s
written consent, (ii) any material reduction, without the Participant’s written consent, in the Participant’s duties, responsibilities or authority; provided, however, that for purposes of this clause (ii), neither (A) a change
in the Participant’s supervisor or the number or identity of the Participant’s direct reports, nor (B) a change in the Participant’s title, duties, responsibilities or authority as a result of a realignment or restructuring of
the Company’s executive organizational chart nor (C) a change in the Participant’s title, duties, responsibilities or authority as a result of a realignment or restructuring of the Company shall be deemed by itself to materially
reduce Participant’s duties, responsibilities or authority, as long as, in the case of either (B) or (C), Participant continues to report to either the supervisor to whom he or she reported immediately prior to the Change of Control (if
applicable) or a supervisor of equivalent responsibility and authority; or (iii) without Participant’s written consent: (A) a material reduction in the Participant’s base salary, or (B) the relocation of the
Participant’s principal place of employment more than fifty (50) miles from its location on the date of a Change in Control (if applicable). For purposes of this Agreement, a Change of Control, alone, does not constitute Good
Reason. Furthermore, notwithstanding the above, the occurrence of any of the events described above will not constitute Good Reason unless the Participant gives the Company written notice within thirty (30) days after the initial
occurrence of any of such events that the Participant believes that such event constitutes Good Reason, and the Company thereafter fails to cure any such event within sixty (60) days after receipt of such notice. 

 

	 	(i)	For purposes of this Agreement, a Date of Termination shall be deemed to have occurred only if on such date the Participant has also experienced a “separation from service” as defined in the regulations
promulgated under Section 409A of the Internal Revenue Code, as amended (the “Code”). 

  

	 	(j)	For purposes of this Agreement, “Retirement” means the Participant’s separation from service (as defined in the regulations promulgated under Code Section 409A) occurring after the Participant has
reached age 60 and has completed at least 10 years of Service with the Company and its Subsidiaries. 

  

	 	(k)	For purposes of this Agreement, a Change of Control shall be deemed to have occurred only if such event would also be deemed to constitute a change in ownership or effective control, or a change in the ownership of a
substantial portion of the assets, of the Company under Code Section 409A. 

 Except as otherwise specifically provided,
the Company will not have any further obligations to the Participant under this Agreement if the Participant’s Units are forfeited as provided herein. 
  

	4.	 Earned Units. The number of Units subject to this Award that the Participant will be deemed to have earned (“Earned Units”) and
that are eligible for vesting as of each Scheduled Vesting Date during the Vesting Period will be determined by the extent to which the Company has satisfied the performance-based objectives for the Performance Period ending on the applicable
Determination Date as set forth in Appendix A to this Agreement. The portion of the Units subject to this Award that will be 

  
 2 

	 	
deemed Earned Units as of each Scheduled Vesting Date during the Vesting Period will be determined according to the formula specified in Appendix A, but in no event will the cumulative
number of Units that are deemed Earned Units as of any Scheduled Vesting Date during the Vesting Period exceed the Maximum Number of Units. Any Units that are not earned and do not vest as of either of the first two Scheduled Vesting Dates
during the Performance Period solely because of the failure to fully satisfy an applicable performance-based objective shall remain eligible to be earned and to vest as of a subsequent Scheduled Vesting Date during the Vesting Period. Any Units that
are not earned and do not vest as of the last Scheduled Vesting Date will be forfeited. 

  

	5.	Settlement of Units. After any Units vest pursuant to Section 3, the Company will promptly, but in no event later than two and one-half months after the Vesting Date, cause to be issued to the
Participant, or to the Participant’s beneficiary or legal representative in the event of Participant’s death, one share of Stock in payment and settlement of each vested Unit. Such issuance shall be evidenced by a stock certificate or
appropriate entry on the books of the Company or a duly authorized transfer agent of the Company, shall be subject to the tax withholding provisions of Section 6, and shall be in complete satisfaction of such vested Units. If the Units
that vest include a fractional Unit, the Company will round the number of vested Units down to the nearest whole Unit prior to issuance of the shares as provided herein. Notwithstanding the foregoing, if any amount shall be payable with respect
to this Award as a result of the Participant’s “separation from service” at such time as the Participant is a “specified employee” (as those terms are defined in regulations promulgated under Code Section 409A) and such
amount is subject to the provisions of Code Section 409A, then no payment shall be made, except as permitted under Code Section 409A, prior to the first day of the seventh calendar month beginning after the Participant’s separation
from service (or the date of Participant’s earlier death), or as soon as administratively practicable thereafter. 

  

	6.	Tax Matters. The Committee may require the Participant, or the alternate recipient identified in Section 5, to satisfy any potential federal, state, local or other tax withholding liability. Such
liability must be satisfied at the time such Units are settled in shares of Stock. At the election of the Participant, and subject to such rules and limitations as may be established by the Committee from time to time, such withholding
obligations may be satisfied: (i) through a cash payment by the Participant, (ii) through the surrender of shares of Stock that the Participant already owns (provided, however, to the extent shares described in this clause (ii) are
used to satisfy more than the minimum statutory withholding obligation, as described below, then payments made with shares of Stock in accordance with this clause (ii) shall be limited to shares held by the Participant for not less than six
months prior to the payment date), (iii) through the surrender of shares of Stock to which the Participant is otherwise entitled in respect of the Award under this Agreement; provided, however, that such shares under this clause (iii) may
be used to satisfy not more than the minimum statutory withholding obligation of the Company or applicable Subsidiary (based on minimum statutory withholding rates for federal, state and local tax purposes, including payroll taxes, that are
applicable to such supplemental taxable income), or (iv) any combination of clauses (i), (ii) and (iii); provided, however, that the Committee shall have sole discretion to disapprove of an election pursuant to any of clauses
(ii)-(iv) and that the Committee may require that the method of satisfying such an obligation be in compliance with Section 16 of the Exchange Act (if the Participant is subject thereto) and any other applicable laws and the respective
rules and regulations thereunder. Any fraction of a share of Stock which would be required to satisfy such an obligation will be disregarded and the remaining amount due will be paid in cash by the Participant. 

 

	7.	Compliance with Laws. Despite the provisions of Section 5 hereof, the Company is not required to issue or deliver any certificates for shares of Stock if at any time the Company determines that the
listing, registration or qualification of such shares upon any securities exchange or under any law, the consent or approval of any governmental body or the taking of any other action is necessary or desirable as a condition of, or in connection
with, the issuance or delivery of the shares hereunder in compliance with all applicable laws and regulations, unless such listing, registration, qualification, consent, approval or other action has been effected or obtained, free of any conditions
not acceptable to the Company. 

  

	8.	Recovery of Payments. Notwithstanding any contrary provision of this Agreement, the Company may recover the Award granted or paid under this Agreement, to the extent required by the terms of any clawback
or compensation recovery policy adopted by the Company. 

  

	9.	No Right to Employment. Nothing herein confers upon the Participant any right to continue in the employ of the Company or any Subsidiary. 

 

	10.	Nontransferability. Except as otherwise provided by the Committee or as provided in Section 5, and except with respect to shares of Stock issued in settlement of vested Units, the Participant’s
interests and rights in and under this Agreement may not be assigned, transferred, exchanged, pledged or otherwise encumbered other than as designated by the Participant by will or by the laws of descent and distribution. Issuance of shares of
Stock in settlement of Units will be made only to the Participant; or, if the Committee has been provided with evidence acceptable to it that the Participant is legally incompetent, the Participant’s personal representative; or, if the
Participant is deceased, to the designated beneficiary or other appropriate recipient in accordance with Section 5 hereof. The Committee may require personal receipts or endorsements of a Participant’s personal representative,
designated beneficiary or alternate recipient provided for herein, and the Committee shall extend to those individuals the rights otherwise exercisable by the Participant with regard to any withholding tax election in accordance with Section 6
hereof. Any effort to otherwise assign or transfer any Units or any rights or interests therein or thereto under this Agreement will be wholly ineffective, and will be grounds for termination by the Committee of all rights and interests of the
Participant and his or her beneficiary in and under this Agreement. 

  
 3 

	11.	Administration and Interpretation. The Committee has the authority to control and manage the operation and administration of the Plan. Any interpretations of the Plan by the Committee and any decisions
made by it under the Plan are final and binding on the Participant and all other persons. 

  

	12.	Governing Law. This Agreement and the rights and obligations hereunder shall be governed by and construed in accordance with the laws of the state of Delaware, without regard to principles of conflicts of
law of Delaware or any other jurisdiction. 

  

	13.	Sole Agreement. Notwithstanding anything in this Agreement to the contrary, the terms of this Agreement shall be subject to all of the terms and conditions of the Plan (as the same may be amended in
accordance with its terms), a copy of which may be obtained by the Participant from the office of the Secretary of the Company. In addition, this Agreement and the Participant’s rights hereunder shall be subject to all interpretations,
determinations, guidelines, rules and regulations adopted or made by the Committee from time to time pursuant to the Plan. This Agreement is the entire agreement between the parties to it with respect to the subject matter hereof, and
supersedes any and all prior oral and written discussions, commitments, undertakings, representations or agreements (including, without limitation, any terms of any employment offers, discussions or agreements between the parties).

  

	14.	Binding Effect. This Agreement will be binding upon and will inure to the benefit of the Company and the Participant and, as and to the extent provided herein and under the Plan, their respective heirs,
executors, administrators, legal representatives, successors and assigns. 

  

	15.	Amendment and Waiver. This Agreement may be amended in accordance with the provisions of the Plan, and may otherwise be amended by written agreement between the Company and the Participant without the
consent of any other person. No course of conduct or failure or delay in enforcing the provisions of this Agreement will affect the validity, binding effect or enforceability of this Agreement. 

IN WITNESS WHEREOF, the Company has duly executed this Agreement as of the Award Date. 

Very truly yours, 

UNITED STATIONERS INC. 

By: 

Charles Crovitz 

Chairman of the Board 

  
 4 

 Performance-Based Restricted Stock Unit Award Agreement 

Earned Units and Performance-Based Objectives 

Vesting Period: March 15, 2014 through March 1, 2017 

The determination of the number of Units that will be earned and vested as of each Scheduled Vesting Date during the Vesting Period specified above as provided
in Section 4 of the Agreement will be determined as follows: 
  

	 	1.	The Company’s Net Income (as defined below) for the Performance Period beginning on January 1, 2014 and ending on the applicable Determination Date will be calculated. 

 

	 	2.	Based on that actual Net Income, the Performance Factor for the relevant Performance Period will be determined from the following table by determining where the Company’s actual Net Income falls relative to the
goals specified in the applicable column of the table below, and then selecting the corresponding Performance Factor. If the Company’s actual Net Income for any Performance Period is between two amounts shown in the applicable column of
the table, the corresponding Performance Factor will be determined by linear interpolation between the two relevant Performance Factors shown in the table. If actual Net Income for the Performance Period is less than or equal to the Minimum
amount specified, the Performance Factor is zero, and if it greater than the Maximum amount specified, the Performance Factor will be equal to the percentage specified for the Maximum amount. 

 
 Company’s Cumulative Net
Income Goals and Corresponding Performance Factors During the Performance Periods Ending on the Determination Dates Indicated 

 

																									
	 	  	December 31, 2014	 	 	December 31, 2015	 	 	December 31, 2016	 
	 	  	NI Goal	 	  	Perf. Factor	 	 	NI Goal	 	  	Perf. Factor	 	 	NI Goal	 	  	Perf. Factor	 
	 Min
	  	$	125.6M	  	  	 	0	% 	 	$	244.9M	  	  	 	0	% 	 	$	358.0M	  	  	 	0	% 
	 Target
	  	$	135.0M	  	  	 	100	% 	 	$	272.8M	  	  	 	100	% 	 	$	413.3M	  	  	 	100	% 
	 Max
	  	$	141.8M	  	  	 	200	% 	 	$	293.7M	  	  	 	200	% 	 	$	456.3M	  	  	 	200	% 

  

	 	3.	The number of Earned Units during any Performance Period that will vest as of the applicable Scheduled Vesting Date will be calculated using the following formula: 

(Performance Factor x Cumulative Unit Percentage x Target Number of Units)—Number of Previously Earned Units where: 

 

	 	•	 	“Performance Factor” is the percentage determined as provided in item 2 above; 

  

	 	•	 	“Cumulative Unit Percentage” is the percentage in the following table that corresponds to the Determination Date marking the end of the relevant Performance Period: 

 

					
	 Determination Dates
	  	Cumulative Unit Percentage	 
	 December 31, 2014
	  	 	33 1/3	% 
	 December 31, 2015
	  	 	66 2/3	% 
	 December 31, 2016
	  	 	100	% 

  

	 	•	 	“Target Number of Units” is the number associated with that term in Section 1 of the Agreement; and 

  

	 	•	 	“Number of Previously Earned Units” is the number of Units subject to the Award that had previously been determined to be Earned Units and had vested prior to the applicable Scheduled Vesting Date.

  

	 	4.	 For purposes of this Appendix A, the Company’s “Net Income” for any Performance Period shall mean net income as reported on the
Company’s 2014 through 2016 audited financial statements and re-calculated based on accounting standards promulgated by the Financial Accounting Standards Board or similar accounting standards body in place as of December 31, 2013, and
will be adjusted to eliminate the effects of any and all of the following (net of any tax effects): (i) write-offs of previously capitalized costs from refinancing activities; (ii) the effects on financial results of any subsidiary
charitable contributions to the United Stationers Charitable Foundation; (iii) the 

  
 5 

	 	
impacts on financial results of any acquisition or disposition during the performance period if such acquisition or disposition had annual revenues for the most recently completed fiscal year in
excess of $50 million, such impacts to be as projected in the final financial valuation of the transaction and its impacts presented to the Board prior to the Board’s approval of the transaction; (iv) the expense associated with impairment
of goodwill and other intangible assets, if any; (vi) the interest expense and any accrued interest associated with the cost of repurchases of Company stock or issuance of dividends; (vi) the effects of any termination of any interest rate
swap agreement; (vii) changes in the carrying value within the Company’s Other Comprehensive Income of the assets and liabilities associated with pension plans and interest rate swap agreements; and (viii) the effects of the
termination, immunization, or change in accounting principles of the Company’s pension plans, if any. 

  

	 	5.	As an example, to compute the number of Earned Units that will vest as of the first, second and third Scheduled Vesting Dates, assume the following facts: (i) the Target Number of Units was 15,000; (ii) the
Company’s actual Net Income for the Performance Period ending on the first Determination Date was half-way between the Minimum Amount and the Target Amount, resulting in a Performance Factor of 50%; (iii) the Company’s actual Net
Income for the Performance Period ending on the second Determination Date was half-way between the Target Amount and the Maximum Amount, resulting in a Performance Factor of 150%; and (iv) the Company’s actual Net Income for the
Performance Period ending on the third Determination Date was 60% of the way between the Target Amount and the Maximum Amount, resulting in a Performance Factor of 160%. Under these facts, the number of additional Earned Units that would vest
as of each Scheduled Vesting Date would be: 

  

			
	First Scheduled Vesting Date:	  	(50% x 33 1/3% x 15,000) – 0 = 2,500 Units
		
	Second Scheduled Vesting Date:	  	(150% x 66 2/3% x 15,000) – 2,500 = 12,500 Units
		
	Third Scheduled Vesting Date:	  	(160% x 100% x 15,000) – 15,000 = 9,000 Units

  
 6

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