SEC Contract Filing

Filing Date: 2016-03-01

Document Content:
<DOCUMENT>
<TYPE>EX-10.28
<SEQUENCE>6
<FILENAME>a2015-q4exhibit1028perform.htm
<DESCRIPTION>EXHIBIT 10.28 FORM OF AWARD
<TEXT>
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<a name="sC9FFA3AB335C3F7F00F11F680173AF16"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</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 10.28</font></div></div><br><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">FORM OF PERFORMANCE SHARE AWARD AGREEMENT</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;padding-left:0px;text-indent:0px;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:86.70634920634922%;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td width="100%"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Performance Share Agreement #</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">PERFORMANCE SHARE AWARD AGREEMENT</font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:128px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">This Performance Share Award Agreement (&#8220;Agreement&#8221;) is made as of the award date set forth in the grant, between WOLVERINE WORLD WIDE, INC., a Delaware corporation (&#8220;Wolverine&#8221; or the &#8220;Company&#8221;), and the employee accepting the grant (&#8220;Employee&#8221;).</font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:128px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Wolverine World Wide, Inc. has an Amended and Restated Executive Long-Term Incentive Plan (3-Year Bonus Plan) that the Compensation Committee of Wolverine&#8217;s Board of Directors (the &#8220;Committee&#8221;) administers. The Committee makes long term incentive awards to encourage longer range strategic planning, cooperation among all the units of the Company, and executive officers and key management individuals to enter and continue in the employ of the Company. Wolverine has a Stock Incentive Plan of 2013 (the &#8220;Plan&#8221;) that also is administered by the Committee, under which the Committee may award restricted stock as all or part of a long term incentive award. Both the 3-Year Bonus Plan and the Plan have been approved by the Company&#8217;s shareholders.</font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:128px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The Committee has determined that Employee is eligible to participate in the Plan for a long term incentive award, the Employee&#8217;s participation level, and the criteria for the award. The Committee has awarded to Employee shares of Wolverine&#8217;s common stock subject to terms, conditions and restrictions contained in this Agreement and in the Plan (the &#8220;Performance Share Award&#8221;). Employee acknowledges receipt of a copy of the Plan and accepts this Performance Share Award subject to all of those terms, conditions and restrictions.</font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">1.&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Award</font><font style="font-family:inherit;font-size:11pt;">. Wolverine hereby awards to Employee a number of shares of Wolverine&#8217;s common stock, $1 par value, as set forth in the grant (the &#8220;Performance Restricted Stock&#8221;). The Performance Restricted Stock is subject to the restrictions imposed under this Agreement and the Plan (&#8220;Stock Restrictions&#8221;). The periods during which Performance Restricted Stock is subject to the Stock Restrictions shall be known as &#8220;Restricted Periods.&#8221; Unless otherwise determined by the Committee, Employee&#8217;s &#8220;Incentive Award&#8221; will be the number of shares of Performance Restricted Stock on which the Stock Restrictions shall lapse.</font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div>