SEC Contract Filing

Filing Date: 2018-04-25

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>esnd-ex101_24.htm
<DESCRIPTION>EX-10.1
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;">EXHIBIT 10.1</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Arial Black;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Essendant Inc.</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Arial Black;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Annual Cash Incentive Award Plan</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">For Section 16 Officers</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:9pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:9pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Essendant, Inc. maintains the 2015 Long-Term Incentive Plan, as amended and restated effective May 20, 2015, and as the same may be subsequently amended, restated or modified (the &#8220;LTIP&#8221;), under which the Human Resources Committee of the Company&#8217;s Board of Directors (&#8220;Committee&#8221;) has the discretion to grant Cash Incentive Awards (&#8220;Awards&#8221;). The Committee wishes to exercise its discretion to grant Awards pursuant to the terms and conditions of the LTIP and this Annual Cash Incentive Award Plan (the &#8220;CIP&#8221;), which is hereby amended and restated by the Committee effective as of January 1, 2018, for the purpose of granting Awards (subject to the terms and conditions of the LTIP).</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:9pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Any term that is capitalized but not defined in this CIP will have the meaning set forth in the LTIP. </p>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-size:9pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.</font></p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Arial;font-size:9pt;"><font style="font-weight:bold;">Eligibility.</font> For any Performance Period (as defined in Section 3 below), the Committee shall determine and designate those officers of the Company for purposes of Section 16 of the Securities Exchange Act of 1934 (&#8220;Section 16 Officers&#8221;) and who will be granted an Award under this CIP and such persons shall be &#8220;Participants&#8221; in this CIP for that Performance Period. </p></td></tr></table></div>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-size:9pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.</font></p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Arial;font-size:9pt;"><font style="font-weight:bold;">Awards.</font> Unless otherwise designated by the Committee pursuant to Section 6 below, Awards made under this CIP are subject to the maximum Award amounts specified in the LTIP. Any Award granted under this CIP will be evidenced by a separate writing and subject to the terms and conditions of the LTIP and this CIP.</p></td></tr></table></div>
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