SEC Contract Filing

Filing Date: 2018-08-09

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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>esnd-ex101_28.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:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.1</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Arial;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">ESSENDANT INC.<br />CASH UNIT AWARD AGREEMENT</p>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This Cash Unit Award Agreement (this "Agreement"), effective as of <font style="font-weight:bold;">[DATE]</font> (the "Award Date"), is by and between <font style="font-weight:bold;color:#000000;">[[FIRSTNAME]] [[LASTNAME]]</font><font style="font-weight:bold;"> </font>(the "Participant"), and Essendant Inc., a Delaware corporation (the "Company").&nbsp;&nbsp;Although the cash unit award is not subject thereto, any term capitalized but not defined in this Agreement will have the meaning set forth in the Company&#8217;s 2015 Long-Term Incentive Plan (the &#8220;Plan&#8221;).</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In the exercise of its discretion to grant awards to employees of the Company, the Committee determined that the Participant should receive a cash unit award on the Award Date on the following terms and conditions:</p>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:10pt;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:10pt;"><font style="text-decoration:underline;">Grant</font>.&nbsp;&nbsp;The Company hereby grants to the Participant a cash unit award (the "Award") of <font style="font-weight:bold;">[INSERT AMOUNT]</font> restricted stock units, cash units (the &#8220;Units&#8221;), each representing the right to receive one dollar ($1.00).&nbsp;&nbsp;The Award will be subject to the terms and conditions of this Agreement.&nbsp;&nbsp;<font style="letter-spacing:-0.15pt;">Restricted stock units that are subject to the terms and conditions of this Agreement are referred to as the &#8220;Units.&#8221;&nbsp;&nbsp;Cash units that are subject to the terms and conditions of this Agreement are referred to as the &#8220;Units.&#8221;&nbsp;&nbsp;</font>The Company will establish a bookkeeping account in the Participant&#8217;s name to reflect the number of Units credited to the Participant.&nbsp;&nbsp;</p></td></tr></table></div>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:10pt;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:10pt;"><font style="text-decoration:underline;">No Rights as a Stockholder</font>.&nbsp;&nbsp;The Units granted pursuant to this Award do not entitle the Participant to any rights of a stockholder of the Company&#8217;s Stock.&nbsp;&nbsp;The Participant&#8217;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. </p></td></tr></table></div>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.</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:10pt;"><font style="text-decoration:underline;">Vesting; Effect of Date of Termination</font>.&nbsp;&nbsp;So long as the Participant&#8217;s Date of Termination has not yet occurred, the Participant's Units will fully vest on <font style="font-weight:bold;">[DATE]</font> (the &#8220;Sch