SEC Contract Filing

Filing Date: 2017-03-09

Document Content:
<DOCUMENT>
<TYPE>EX-10.43
<SEQUENCE>9
<FILENAME>splsex104301282017.htm
<DESCRIPTION>SPLS EXHIBIT 10.43 01282017
<TEXT>
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<div><a name="sd022a9a3c3f646d89255b734d564fde5"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.43</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:5px;text-align:center;padding-left:266px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Staples</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">1</sup>&#160;</font></div><div style="line-height:120%;text-align:center;padding-left:206px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Annual Performance Award - APA Fiscal Year 2016</font></div><div style="line-height:120%;text-align:center;padding-left:266px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">North America</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:56px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:8px;"><font style="font-family:inherit;font-size:10pt;">I.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Summary and Objectives</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:56px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Staples has developed this Annual Performance Award - APA (the &#8220;Plan&#8221;) to provide opportunities for eligible associates to earn financial rewards for their role in ensuring Staples meets its annual performance targets. The Plan aims to align the interests of the plan participants with those of our shareholders. Bonus awards are based on actual results measured against pre-established company financial performance. Bonus awards are intended to provide a reward to eligible plan participants and supplement the base salary program.</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:56px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Bonus awards will be modified based on individual performance. Individual performance for bonus purposes is based on annual performance ratings. See section VII.</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:56px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:8px;"><font style="font-family:inherit;font-size:10pt;">II.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Plan Year</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:56px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Plan follows the fiscal year calendar, which runs from January 31, 2016 through January 28, 2017 (the &#8220;Plan Year&#8221;)</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:56px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:8px;"><font style="font-family:inherit;font-size:10pt;">III.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Plan Participants</font></div></td></tr></table><div style="line-height:120%;padding-top:2px;text-align:left;padding-left:56px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Plan covers all &#8220;plan participants,&#8221; defined as exempt associates employed by Staples, Inc. and/or certain of its subsidiaries (&#8220;Staples&#8221;) typically in salary grades of thirty-five and above.</font></div><div style="li