Document:

Exhibit 10.2

 

 

[FORM OF RESTRICTED AWARD AGREEMENT -
DIRECTOR]

 

3000 John Deere Road, Toano, VA 23168

Phone: (757) 259-4280* Fax (757) 259-7293

 

[Date]

 

[Name]

[Street]

[City, State]

 

RE:Non-Employee Director Restricted
Stock Award Agreement

 

Dear [Name]:

 

Lumber Liquidators
Holdings, Inc. (the “Company”) has designated you to be a recipient of restricted shares of the common stock of the
Company, par value $.001 per share (“Stock”), subject to the service-based vesting restrictions and other terms set
forth in this Award Agreement and in the Lumber Liquidators Holdings, Inc. 2011 Equity Compensation Plan, as amended (the “Plan”).

 

The grant of these
restricted shares of Stock is made pursuant to the Plan. The Plan is administered by the Compensation Committee (the “Committee”)
of the Company’s Board of Directors (the “Board”). The terms of the Plan are incorporated into this Award Agreement
and, in the case of any conflict between the Plan and this Award Agreement, the terms of the Plan shall control. A copy of the
Plan will be provided to you upon request.

 

1.            Grant.
In consideration of your agreements contained in this Award Agreement, the Company hereby grants to you _______________ shares
of Company Stock (the “Restricted Stock”) as of ________________ (the “Grant Date”). The Restricted Stock
is subject to the vesting requirement set forth in Section 2 below. Until the vesting requirement has been satisfied, the Restricted
Stock is forfeitable and nontransferable.

 

2.            Vesting.
The grant of the Restricted Stock is subject to the following terms and conditions:

 

(a)           The
shares of Restricted Stock shall 100% vest, and shall no longer be subject to forfeiture, upon your continued service on the Board
through the date of, and immediately prior to, the 2019 annual meeting of stockholders. Additionally, the Committee may in its
sole discretion (but is not obligated to) determine that your shares shall become 100% fully vested upon the date you cease serving
on the Board.

 

(b)           The
Restricted Stock granted hereunder shall also 100% vest upon a Change in Control of the Company (as defined in the Plan) to the
extent not already vested.

 

     

     

    

 

(c)           Your
shares of Restricted Stock will be forfeited at the time you cease serving on the Board if the shares of Restricted Stock are not
vested at such time and the Committee does not exercise its discretion to determine that your shares of Restricted Stock shall
become vested at such time.

 

3.            Dividends.
During the period beginning with the Grant Date and ending with the vesting date under Section 2 above or the earlier forfeiture
of your Restricted Stock, (a) dividends or other distributions paid in shares of Stock shall be subject to the same restrictions
as set forth in Section 2 above, and (b) dividends paid or other distributions paid in cash on outstanding shares of Stock shall
be paid at the same time as such dividends are paid by the Company with respect to authorized and issued shares held by its other
stockholders of record (provided, however, dividends or other distributions paid in cash shall only be paid to you if you are
serving on the Board as of the record date of such dividends or distributions and payment is made to the Company’s shareholders
of record no later than two and one-half (2 1/2) months after the record date of the applicable dividends or distributions).

 

4.            Forfeiture
and Repayment Provision. If the Committee determines, in its sole discretion, that you have, at any time, willfully engaged
in conduct that is harmful to the Company (or any Related Company), the Committee may declare that all or a portion of this Restricted
Stock award is immediately forfeited. If the Committee determines, in its sole discretion, that you have willfully engaged in conduct
that is harmful to the Company (or any Related Company), you shall repay to the Company all or any vested shares of Company Stock
owned by you as a result of this Award Agreement or all or any of the amount realized as a result of the sale of Company Stock
awarded to you under this Award Agreement plus any dividends or distributions paid to you in cash, to the extent required by the
Committee; so long as you have been notified in writing of the Committee’s determination within one year of the vesting of
such Company Stock or payment of such dividends or distributions, as applicable, under this Award Agreement. Repayment or forfeiture
required under this Section shall be enforced by the Board or its delegate, in the manner the Board or its delegate determines
to be appropriate. Your acceptance of the Restricted Stock reflected in this Award Agreement constitutes acceptance of the forfeiture
and repayment provisions of this Section. Notwithstanding the foregoing, in the event that a Change in Control of the Company has
occurred subsequent to the date of this Award Agreement, a determination that you have willfully engaged in conduct that is harmful
to the Company (or any Related Company) must be made by a Committee the majority of which is made up of members who were serving
as independent directors of the Company during the three-month period immediately preceding the Change of Control of the Company.
Further, notwithstanding anything to the contrary in this Agreement, no repayment or clawback shall be applicable to actions that
occurred either prior or subsequent to your term as a non-employee Director.

 

5.            Cancellation
of Restricted Stock. To facilitate the cancellation of any Restricted Stock pursuant to Section 2 above, you hereby appoint
the Corporate Secretary of the Company as your attorney in fact, with full power of substitution, and authorize him or her, upon
the occurrence of a forfeiture pursuant to Section 2 above, to notify the Company’s registrar and transfer agent of the
forfeiture of such shares and, if necessary, to deliver to the registrar and transfer agent the certificate representing such
shares together with instructions to cancel the shares forfeited. The registrar and transfer agent shall be entitled to rely upon
any notices and instructions delivered by your attorney in fact concerning a forfeiture under the terms of this Award Agreement.

 

    	 	2	 

     

    

 

6.            Custody
of Certificates. At the option of the Company, custody of stock certificates evidencing the Restricted Stock shall be retained
by the Company or held in uncertificated form.

 

7.            Rights
as a Shareholder. Subject to the provisions of this Award Agreement, you generally will have all of the rights of a holder
of Company Stock with respect to all of the Restricted Stock awarded to you under this Award Agreement from and after the Grant
Date until the shares either vest or are forfeited, including the right to vote such shares and to receive dividends paid thereon
in accordance with the provisions of Section 3.

 

8.            Transfer
Restrictions. You may not sell, assign, transfer, pledge, hypothecate or encumber the Restricted Stock awarded to you under
this Award Agreement prior to the time such Restricted Stock becomes fully vested in accordance with this Award Agreement.

 

9.            Fractional
Shares. A fractional share of Company Stock will not be issued and any fractional shares shall be paid in cash.

 

10.          Adjustments.
If the number of outstanding shares of Company Stock is increased or decreased as a result of a stock dividend, stock split
or combination of shares, recapitalization, merger in which the Company is the surviving corporation, or other change in the Company’s
capitalization without the receipt of consideration by the Company, the number and kind of your unvested Restricted Stock shall
be proportionately adjusted by the Committee, whose determination shall be binding.

 

11.          Notices.
Any notice to be given to the Company under the terms of this Award Agreement shall be addressed to the Corporate Secretary
at Lumber Liquidators Holdings, Inc., 3000 John Deere Road, Toano, Virginia 23168. Any notice to be given to you shall be addressed
to you at the address set forth above or your last known address at the time notice is sent. Notices shall be deemed to have been
duly given if mailed first class, postage prepaid, addressed as above.

 

12.          Applicable
Withholding Taxes. No Restricted Stock shall be delivered to you until you have paid to the Company (either in cash or by the
surrender of shares of the Restricted Stock) the amount that must be withheld under federal, state and local income and employment
tax laws or you and the Company have made satisfactory arrangements for the payment of such taxes.

 

13.          Applicable
Securities Laws. You may be required to execute a customary written indication of your investment intent and such other agreements
the Company deems necessary or appropriate to comply with applicable securities laws. The Company may delay delivery of the Restricted
Stock until you have executed such indication or agreements.

 

    	 	3	 

     

    

 

14.          Acceptance
of Restricted Stock. By signing this Award Agreement, you indicate your acceptance of the Restricted Stock and your agreement
to the terms and conditions set forth in this Award Agreement which, together with the terms of the Plan, shall become the Company’s
Restricted Stock Award Agreement with you. You also hereby acknowledge that a copy of the Plan has been made available and agree
to all of the terms and conditions of the Plan, as it may be amended from time to time. Unless the Company otherwise agrees in
writing, the Restricted Stock granted under this Award Agreement will not become vested if you do not accept this Award Agreement
within thirty days of the Grant Date.

 

15.          Clawback.
Pursuant to Section 13.07 of the Plan, any Award granted pursuant to the Plan is subject to such deductions, repayment and
clawback as may be required by any applicable law, government regulation or stock exchange listing requirement (or any policy
adopted by the Company pursuant to any such law, government regulation or stock exchange listing requirement), or as otherwise
set out herein. Acceptance of the Restricted Stock granted hereunder constitutes acceptance of the repayment provisions described
in Section 13.07 of the Plan. Notwithstanding anything to the contrary in this Agreement, no repayment or clawback shall be applicable
to actions that occurred either prior or subsequent to your term as a non-employee Director.

 

16.          Binding
Effect. This Agreement shall be binding upon and inure to the benefit of your legatees, distributees, and personal representatives
and the successors of the Company. Any references herein to the Company (or any Related Company) shall include any successor company
to either.

 

17.          Section
409A. It is intended that the delivery of shares of Stock and the payment of dividends or other distributions under this Award
Agreement will be exempt from the requirements of Section 409A of the Code.

 

IN WITNESS WHEREOF, the Company has caused
this Restricted Stock Award Agreement to be signed, as of ________________.

 

	 	LUMBER LIQUIDATORS HOLDINGS, INC.
	 	 	 
	 	By: 	 
	 	 	 
	 	Name: 	 
	 	 	 
	 	Its: 	 

 

	Agreed and Accepted:	 	 
	 	 	 
	 	 	 
	[Name of Grant Recipient]	 	 
	 	 	 
	 	 	 
	[Date]	 	 

 

    	 	4Exhibit 10.3

 

[FORM OF NEO PERFORMANCE AWARD AGREEMENT]

 

3000 John Deere Road, Toano, VA 23168

Phone: (757) 259-4280* Fax (757) 259-7293

 

[Date]

 

[Name]

[Street]

[City, State]

 

RE:Employee Performance-Based Restricted Stock
Award Agreement

 

Dear [Name]:

 

Lumber Liquidators Holdings, Inc. (the “Company”)
has designated you to be a recipient of restricted shares of the common stock of the Company, par value $.001 per share (“Stock”),
subject to the performance and employment-based vesting restrictions and other terms set forth in this Award Agreement and in the
Lumber Liquidators Holdings, Inc. 2011 Equity Compensation Plan, as amended (the “Plan”).

 

The grant of these restricted shares of
Stock is made pursuant to the Plan. The Plan is administered by the Compensation Committee (the “Committee”) of the
Company’s Board of Directors (the “Board”). The terms of the Plan are incorporated into this Award Agreement
and in the case of any conflict between the Plan and this Award Agreement, the terms of the Plan shall control. A copy of the Plan
will be provided to you upon request.

 

1.            Grant.
In consideration of your agreements contained in this Award Agreement, the Company hereby grants to you ______ shares [Target
Number of Shares] of Company Stock (the “Restricted Stock”) as of __________________ (the “Grant Date”).
The Restricted Stock is subject to the vesting restrictions set forth in Section 2 below. Until the vesting restrictions have lapsed,
the Restricted Stock is forfeitable and nontransferable.

 

2.            Vesting.
The grant of the Restricted Stock is subject to the following terms and conditions:

 

(a)           Except
as otherwise set forth herein, the Restricted Stock shall be considered performance-based (“Performance-Based”) and
shall become eligible to become vested with respect to that number of shares of Performance-Based Restricted Stock subject to this
Award Agreement that correlates to the performance objectives achieved for the two-year performance period beginning January 1,
2018 and ending December 31, 2019 (the “Performance Period”) set forth on the attached Exhibit A, as determined
by the Committee in its sole discretion.

 

     

     

    

 

(b)           The
shares of Performance-Based Restricted Stock that are eligible to become vested based on the Committee’s determination of
the performance objectives set forth on Exhibit A achieved for the Performance Period (as described in Section 2(a) above)
shall then become vested as to (i) fifty percent (50%) (rounded down to the nearest whole share) of the shares of Performance-Based
Restricted Stock that are then eligible to become vested, as of such day after the Performance Period ends (which shall be no later
than March 15, 2020) on which the Committee certifies in writing the performance objectives achieved for the Performance Period
and the number of shares of Performance-Based Restricted Stock that are then eligible to become vested and (ii) the remaining number
of shares of Performance-Based Restricted Stock that are then eligible to become vested, as of December 31, 2020, subject to your
continued employment with the Company (or any Related Company) through the applicable vesting date. Notwithstanding the foregoing,
none of the shares of Performance-Based Restricted Stock shall become eligible to become vested if the performance objectives for
the Performance Period set forth on Exhibit A are not achieved at or above the designated levels set forth therein.

 

(c)           Upon
a Change in Control before the end of the Performance Period, the shares of Performance-Based Restricted Stock subject to this
Award Agreement shall become eligible to vest with respect to that number of shares of Performance-Based Restricted Stock that
equals the number of shares of Performance-Based Restricted Stock that are eligible to vest at the one hundred percent (100%) target
threshold. In the event no provision is made for the continuance, assumption or substitution by the Company or its successor in
connection with a Change in Control of the shares of Performance-Based Restricted Stock, then, contemporaneously with the Change
in Control, the shares of Performance-Based Restricted Stock shall become vested with respect to that number of shares of Performance-Based
Restricted Stock that are eligible to vest at the time of the Change in Control, to the extent not vested previously, subject to
your continued employment with the Company (or any Related Company) until the date of the Change in Control. If provision is made
for the continuance, assumption or substitution by the Company or its successor in connection with the Change in Control of the
shares of Performance-Based Restricted Stock, then the shares of Performance-Based Restricted Stock shall become vested, to the
extent not vested previously, contemporaneously with the termination of your employment with the Company (or any Related Company)
if your employment is terminated by you for Good Reason or is terminated by the Company (or any Related Company) and such termination
is not a Termination for Cause, in each case on or after the Change in Control. “Good Reason” and “Termination
for Cause” are defined in Section 17 of this Award Agreement.

 

(d)           If
you die or become Disabled (as determined by the Committee) while you are employed by the Company (or any Related Company) and
your employment with the Company (or any Related Company) is terminated as a result of such death or Disability prior to the end
of the Performance Period (or, if earlier, a Change in Control), the shares of Performance-Based Restricted Stock shall remain
outstanding until the end of the Performance Period (or, if earlier, until a Change in Control occurs) and shall become eligible
to vest as if you had remained employed with the Company (or any Related Company) until the end of the Performance Period (or,
if earlier, a Change in Control), and shall then become vested, at the time such shares of Performance-Based Restricted Stock would
have become vested had you continued employment with the Company (or any Related Entity) until the end of the Performance Period
(or, if earlier, a Change in Control), equal to the total number of shares of Performance-Based Restricted Stock that are then
eligible to vest multiplied by a fraction (but not to exceed one (1)), the numerator of which is the number of full months elapsed
from the Grant Date until the date of your death or Disability, and the denominator of which is the number of months between the
Grant Date and the final vesting date applicable to the shares of Performance-Based Restricted Stock (which final vesting date
will be the date of the Change in Control if no provision is made for the continuance, assumption or substitution by the Company
or its successor in connection with the Change in Control of the shares of Performance-Based Restricted Stock). If you die or become
Disabled (as determined by the Committee) while you are employed by the Company (or any Related Company), and your employment with
the Company (or any Related Company) is terminated as a result of such death or Disability after the end of the Performance Period
(or, if earlier, after a Change in Control), the total number of shares of Performance-Based Restricted Stock that are then eligible
to become vested shall become vested (including for this purpose any shares in which you are already vested under this Award Agreement)
equal to the total number of shares of Performance-Based Restricted Stock that are then eligible to vest (plus any shares in which
you are already vested) multiplied by a fraction (not to exceed one (1)), the numerator of which is the number of full months elapsed
from the Grant Date until the date of your death or Disability, and the denominator of which is the number of months between the
Grant Date and the final vesting date applicable to the shares of Performance-Based Restricted Stock (which final vesting date
will be the date of the Change in Control if no provision is made for the continuance, assumption or substitution by the Company
or its successor in connection with the Change in Control of the shares of Performance-Based Restricted Stock).

 

    	2

     

    

 

(e)           Except
as otherwise set forth above, you must be employed by the Company (or any Related Company) on the relevant date for any Performance-Based
Restricted Stock to vest. If your employment with the Company (or any Related Company) terminates for any reason other than your
death or Disability, any rights you may have under this Award Agreement with regard to unvested shares of Performance-Based Restricted
Stock shall be null and void. Any rights you may have under this Award Agreement with regard to unvested shares of Performance-Based
Restricted Stock shall be forfeited and become null and void at the earliest time at which the shares of Performance-Based Restricted
Stock may no longer become vested pursuant to the terms hereof.

 

3.            Dividends.
During the period beginning with the Grant Date and ending with the Vesting Date or the earlier forfeiture of your Performance-Based
Restricted Stock, (a) dividends or other distributions paid in shares of Stock shall be subject to the same restrictions as set
forth in Section 2 above, and (b) dividends or other distributions paid in cash shall be accumulated and paid to you with respect
to all of the Performance-Based Restricted Stock granted to you pursuant to Section 1 of this Award Agreement, if and only if,
and within thirty (30) days after the time, the shares of Performance-Based Restricted Stock to which the dividends or other distributions
relate become vested. You will not be entitled to receive, and you will forfeit any rights to, any dividends and other distributions
that relate to shares of Performance-Based Restricted Stock that do not become vested.

 

    	3

     

    

 

4.            Forfeiture
and Repayment Provision. If the Committee determines, in its sole discretion, that you have, at any time, willfully engaged
in conduct that is harmful to the Company (or any Related Company), the Committee may declare that all or a portion of this Performance-Based
Restricted Stock award is immediately forfeited. If the Committee determines, in its sole discretion, that you have willfully engaged
in conduct that is harmful to the Company (or any Related Company), you shall repay to the Company all or any vested shares of
Company Stock owned by you as a result of this Award Agreement or all or any of the amount realized as a result of the sale of
Company Stock awarded to you under this Award Agreement, to the extent required by the Committee. Repayment or forfeiture required
under this Section shall be enforced by the Board or its delegate, in the manner the Board or its delegate determines to be appropriate.
Your acceptance of the Performance-Based Restricted Stock reflected in this Award Agreement constitutes acceptance of the forfeiture
and repayment provisions of this Section.

 

5.            Cancellation
of Restricted Stock. To facilitate the cancellation of any Performance-Based Restricted Stock pursuant to Section 2 above,
you hereby appoint the Corporate Secretary of the Company as your attorney in fact, with full power of substitution, and authorize
him or her, upon the occurrence of a forfeiture pursuant to Section 2 above, to notify the Company’s registrar and transfer
agent of the forfeiture of such shares and, if necessary, to deliver to the registrar and transfer agent the certificate representing
such shares together with instructions to cancel the shares forfeited. The registrar and transfer agent shall be entitled to rely
upon any notices and instructions delivered by your attorney in fact concerning a forfeiture under the terms of this Award Agreement.

 

6.            Custody
of Certificates. At the option of the Company, custody of stock certificates evidencing the Performance-Based Restricted Stock
shall be retained by the Company or held in uncertificated form.

 

7.            Rights
as a Shareholder. Subject to the provisions of this Award Agreement, you generally will have all of the rights of a holder
of Company Stock with respect to all of the Performance-Based Restricted Stock granted to you pursuant to Section 1 of this Award
Agreement from and after the Grant Date until the shares either vest or are forfeited, including the right to vote such shares
and to receive dividends and other distributions paid thereon in accordance with the provisions of Section 3.

 

8.             Transfer
Restrictions. You may not sell, assign, transfer, pledge, hypothecate or encumber the Performance-Based Restricted Stock awarded
to you under this Award Agreement prior to the time such Performance-Based Restricted Stock becomes fully vested in accordance
with this Award Agreement.

 

9.            Fractional
Shares. A fractional share of Company Stock will not be issued and any fractional shares may be disregarded by the Company.

 

10.          Adjustments.
If the number of outstanding shares of Company Stock is increased or decreased as a result of a stock dividend, stock split or
combination of shares, recapitalization, merger in which the Company is the surviving corporation, or other change in the Company’s
capitalization without the receipt of consideration by the Company, the number and kind of your unvested Performance-Based Restricted
Stock shall be proportionately adjusted by the Committee, whose determination shall be binding.

 

    	4

     

    

 

11.          Notices.
Any notice to be given to the Company under the terms of this Award Agreement shall be addressed to the Corporate Secretary at
Lumber Liquidators Holdings, Inc., 3000 John Deere Road, Toano, Virginia 23168. Any notice to be given to you shall be addressed
to you at the address set forth above or your last known address at the time notice is sent. Notices shall be deemed to have been
duly given if mailed first class, postage prepaid, addressed as above.

 

12.          Applicable
Withholding Taxes. No Performance-Based Restricted Stock shall become nonforfeitable or transferable by you until you have
paid to the Company the amount that must be withheld under federal, state and local income and employment tax laws or you and the
Company have made satisfactory arrangements for the payment of such taxes.

 

13.          Applicable
Securities Laws. You may be required to execute a customary written indication of your investment intent and such other agreements
the Company deems necessary or appropriate to comply with applicable securities laws. The Company may delay delivery of the Performance-Based
Restricted Stock until you have executed such indication or agreements.

 

14.          Acceptance
of Performance-Based Restricted Stock. By signing this Award Agreement, you indicate your acceptance of the Performance-Based
Restricted Stock and your agreement to the terms and conditions set forth in this Award Agreement which, together with the terms
of the Plan, shall become the Company’s Performance-Based Restricted Stock Award Agreement with you. You also hereby acknowledge
that a copy of the Plan has been made available and agree to all of the terms and conditions of the Plan, as it may be amended
from time to time. Unless the Company otherwise agrees in writing, the Performance-Based Restricted Stock granted under this Award
Agreement will not become vested if you do not accept this Award Agreement within thirty days of the Grant Date.

 

15.          Clawback.
This Performance-Based Restricted Stock is subject to such clawback as may be determined under the Company’s Clawback Policy
(as such Clawback Policy is in effect from time to time) or as may be required by any applicable law, government regulation or
stock exchange listing requirement. Your acceptance of the Performance-Based Restricted Stock reflected in this Award Agreement
constitutes acceptance of the clawback provisions described in this Section 15.

 

This Section 15 is intended to comply with
Section 954 of Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and all regulations and rulemaking thereunder
and should be interpreted accordingly.

 

16.          Binding
Effect. This Award Agreement shall be binding upon and inure to the benefit of your legatees, distributees, and personal representatives
and the successors of the Company (or any Related Company). Any references herein to the Company (or any Related Company) shall
include any successor company to either.

 

17.          Definitions.
For purposes of this Award Agreement:

 

(a)          “Good
Reason” shall have the same meaning as under any employment, severance or change in control agreement between you and the
Company (or any Related Company), or if no such employment or severance agreement exists or such agreement does not contain any
such definition, “Good Reason” shall mean (i) failure to pay or provide, or a material reduction in, your base salary
or target bonus, or (ii) a material reduction in your responsibilities within the Company (or any Related Company).

 

    	5

     

    

 

(b)          “Termination
for Cause” shall mean termination of your employment for “Cause” as defined under any employment, severance or
change in control agreement between you and the Company (or any Related Company) or, if no such agreement exists or such agreement
does not contain any such definition, “Cause” shall mean your (i) personal dishonesty, (ii) fraud, (iii) willful or
repeated misconduct, (iv) gross negligence, (v) breach of a fiduciary duty to the Company (or any Related Company), (vi) intentional
failure to perform your duties, (vii) material violation of Company (or any Related Company) policy, (viii) unsatisfactory performance
of your job duties; provided, however, that in such instances where the Company (or any Related Company), at its sole discretion,
deems such unsatisfactory performance curable, the Company (or any Related Company) shall give such notice and opportunity to cure
as the Company (or any Related Company) deems reasonable, (ix) material noncompliance with financial reporting requirements under
federal securities laws, (x) conviction of or plea of guilty or “no contest” to a felony or crime of moral turpitude
under the laws of the United States or any state thereof, and/or (xi) action or inaction that materially diminishes or impairs
the goodwill or reputation of the Company (or any Related Company).

 

[SIGNATURE PAGE FOLLOWS]

 

    	6

     

    

 

IN WITNESS WHEREOF, the Company has caused
this Performance-Based Restricted Stock Award Agreement to be signed, as of this ____ date of ___________________, 2018.

 

	 	LUMBER LIQUIDATORS HOLDINGS, INC.
	 	 	 
	 	By:	 
	 	Name:	 
	 	Its:	 

 

	Agreed and Accepted:	 
	 	 
	 	 
	[Name of Grant Recipient]	 
	 	 
	 	 
	[Date]	 

 

    	7

     

    

 

LUMBER LIQUIDATORS HOLDINGS, INC.

EMPLOYEE PERFORMANCE-BASED 

RESTRICTED STOCK AWARD AGREEMENT

 

Exhibit A

 

	 	 	Achievement Level Percentage	 
	Performance Objectives (Weighting Percentage)	 	50%	 	 	100%	 	 	200%	 
	[●] ([●]%)	 	$	             	 	 	$	             	 	 	$	             	 
	[●] ([●]%)	 	 	 	%	 	 	 	%	 	 	 	%

 

The number of shares of Performance-Based
Restricted Stock that will become eligible to become vested shall equal the number of shares of Performance-Based Restricted Stock
subject to this Award Agreement multiplied by the Final Weighted Performance Percentage (rounded to the nearest whole share). The
Final Weighted Performance Percentage shall be determined as follows: (A) determine [●] and [●] achieved for the Performance
Period; (B) determine the Achievement Level Percentage in the chart above that correlates to [●] and [●] achieved for
the Performance Period; if [●] and/or [●] falls between any of the identified Achievement Level Percentages in the
chart above, then the Achievement Level Percentage for the applicable performance objective shall be determined by straight line
interpolation between the two (rounded to the nearest hundredth of a percent) (for example, if [●] is $[●], then the
Achievement Level Percentage for [●] will be [●]%); if [●] and/or [●] is less than the fifty percent (50%)
Achievement Level Percentage, the Achievement Level Percentage for that performance objective shall be zero (0); if [●] and/or
[●] exceeds the amount that would result in an Achievement Level Percentage of two hundred percent (200%), the Achievement
Level Percentage for that performance objective shall be two hundred percent (200%); (C) multiply for each of [●] and [●]
the Achievement Level Percentage determined under (B) by the Weighting Percentage in the chart above assigned to that performance
objective; and (D) then calculate the sum of the products determined in (C) for each of the performance objectives; the resulting
sum will be the Final Weighted Performance Percentage; in no event may the Final Weighted Performance Percentage exceed two hundred
percent (200%).

 

Notwithstanding the foregoing, the Committee
shall adjust the performance objectives as the Committee in its discretion may determine is appropriate in the event of unbudgeted
acquisitions or divestitures or other extraordinary, unusual, infrequently occurring or non-recurring items in the business of
Company or any Related Company, or their business units or products, or as otherwise set forth in the Plan, to fairly and equitable
determine the shares of Performance–Based Restricted Stock that will become eligible to become vested in order to prevent
any inappropriate enlargement or dilution of the Participant’s rights under this Agreement.

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