SEC Contract Filing

Filing Date: 2024-05-06

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex_659745.htm
<DESCRIPTION>EXHIBIT 10.1
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<p style="margin: 0px 0pt; text-align: right; font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt"><b>Exhibit 10.1</b></font></p>

<p style="margin: 0px 0pt; text-align: left; font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt">&nbsp;</font></p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b><u>LSI INDUSTRIES INC.</u></b><br>
<b><u>NONQUALIFIED DEFERRED COMPENSATION PLAN</u></b></p>

<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b>(Amended and Restated as of January 24, 2024)</b></p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b><u>PREAMBLE</u></b></p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:9pt;">LSI Industries Inc. and each Employer hereby amend and restate the Plan effective as of January 24, 2024 as set forth herein. The Plan was originally effective as of September 15, 1996. The Plan was amended and restated as of July 1, 1998, July 1, 2002, April 27, 2004, September 9, 2005, November 1, 2006, December 31, 2008, November 19, 2009, November 18, 2010, November 20, 2014, December 30, 2019 and August 17, 2022. This Plan is an unfunded deferred compensation arrangement for a select group of management or highly compensated employees who render services to an Employer. Amounts credited to a Participant&#8217;s Deferred Compensation Account are deemed to be invested in Common Stock of LSI Industries Inc (the &#8220;<u>Shares</u>&#8221;) and distributions to Plan Participants are made in Shares.</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin: 0pt 0pt 0pt 0pt;"><b><u>ARTICLE I. </u></b><b><u>&nbsp;&nbsp;&nbsp;&nbsp;DEFINITIONS</u></b></p>

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 <p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;margin:0pt;">1.1</p>
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 <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">&#8220;<u>Beneficiary</u>&#8221;&nbsp;shall mean the person or persons entitled to receive the distributions, if any, payable under the Plan upon or after a Participant&#8217;s death, to such person or persons as such Participant&#8217;s Beneficiary. Each Participant may designate a Beneficiary by filing the proper form with the Committee. A Participant may designate one or more contingent Beneficiaries to receive any distributions after the death of a prior Beneficiary. A designation shall be effective upon said filing, provided that it is so filed during such Participant&#8217;s lifetime and may be changed from time to time by the Participant.</p>
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<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

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 <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">&#8220;<u>Base Salary</u>&#8221;&nbsp;shall mean Compensation that is not incentive based and paid to the Employee on a regular periodic basis.</p>
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 <p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;margin:0pt;">&nbsp;[Reserved]</p>
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 <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">&#8220;<u>Change in Control</u>&#8221;&nbsp;shall mean the occurrence of a &#8220;change in the ownership,&#8221;&nbsp;a &#8220;change in the effective control&#8221;&nbsp;or a &#8220;change in the ownership of a substantial portion