SEC Contract Filing

Filing Date: 2017-02-24

Document Content:
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<TYPE>EX-10.4
<SEQUENCE>2
<FILENAME>ufs-ex104_223.htm
<DESCRIPTION>EX-10.4
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.4</p>
<p style="text-align:center;margin-bottom:12pt;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;">STOCK OPTION AGREEMENT FOR AWARDS GRANTED IN 2016</p>
<p style="margin-bottom:12pt;margin-top:12pt;text-indent:8.33%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">STOCK OPTION AGREEMENT (the &#8220;Agreement&#8221;), dated as of the Grant Date set forth in the Notice of Grant (as defined below), between Domtar Corporation, a Delaware corporation (the &#8220;<font style="text-decoration:underline;">Company</font>&#8221;), and the Participant whose name appears in the Notice of Grant (the &#8220;<font style="text-decoration:underline;">Participant</font>&#8221;), pursuant to the Amended and Restated Domtar Corporation 2007 Omnibus Incentive Plan, as in effect and as amended from time to time (the &#8220;<font style="text-decoration:underline;">Plan</font>&#8221;).&nbsp;&nbsp;Capitalized terms that are not defined herein shall have the meanings given to such terms in the Plan.</p>
<p style="margin-bottom:12pt;margin-top:12pt;text-indent:0%;color:#000000;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.<font style="margin-left:0pt;"></font><font style="text-decoration:underline;color:#000000;">Confirmation of Grant, Option Price</font><font style="color:#000000;">.</font></p>
<p style="margin-bottom:12pt;margin-top:12pt;margin-left:8.33%;text-indent:0%;color:#000000;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(a)<font style="margin-left:36pt;"></font><font style="text-decoration:underline;color:#000000;">Confirmation of Grant</font><font style="color:#000000;">.&nbsp;&nbsp;The Company hereby evidences and confirms the grant to the Participant of options to purchase the number of shares of Stock (the &#8220;</font><font style="text-decoration:underline;color:#000000;">Options</font><font style="color:#000000;">&#8221;) set forth in the Domtar Corporation 2007 Omnibus Incentive Plan Stock Option Grant Notice delivered by the Company to the Participant (the &#8220;</font><font style="text-decoration:underline;color:#000000;">Notice of Grant</font><font style="color:#000000;">&#8221;).&nbsp;&nbsp;The Options are not intended to be incentive stock options under the U.S. Internal Revenue Code of 1986, as amended.&nbsp;&nbsp;This Agreement is entered into pursuant to, and the terms of the Options are subject to, the terms and conditions of the Plan, which is incorporated by reference herein.&nbsp;&nbsp;If there is any inconsistency between this Agreement and the terms of the Plan, the terms of the Plan shall govern.&nbsp;&nbsp;The Options shall be considered a Service Award under the Plan.</font></p>
<p style="margin-bottom:12pt;margin-top:12pt;margin-left:8.33%;text-indent:0%;color:#000000;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(b)<font style="margin-left:36pt;"></font><font style="text-decoration:underline;color:#000000;">Exercise Price</font><font style="color:#000000;">.&nbsp;&nbsp;The Options shall have the Exercise Price set forth in the Notice of Grant.</font></p>
<p style="margin-bottom:12pt;margin-top:12pt;text-indent:0%;color:#000000;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref68412201"></a>2.<font style="margin-left:36pt;"></font><font style="text-decoration:underline;color:#000000;">Vesting, Exercisability and Exercise.</font></p>
<p style="margin-bottom:12pt;margin-top:12pt;margin-left:8.33%;text-indent:0%;color:#000000;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="OLE_LINK1"></a><a name="OLE_LINK2"></a>(a)<font style="margin-left:36pt;"></font><font style="text-decoration:underline;color:#000000;">Vesting</font><font style="color:#000000;">.&nbsp;&nbsp;Except as otherwise provided in Section 3, the Options shall vest and become exerc<a name="OLE_LINK1"></a><a name="OLE_LINK2"></a>isable in three equal installments on the vesting dates set forth in the Notice of Grant, subject to the continuous employment of the Participant with the Company until the applicable vesting date. </font></p>
<p style="margin-bottom:12pt;margin-top:12pt;margin-left:8.33%;text-indent:0%;color:#000000;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref163455634"></a><a name="_AEIOULastRenderedPageBreakAEIOU2"></a>(b)<font style="margin-left:36pt;"></font><font style="text-decoration:underline;color:#000000;">Exercise; Condition to Exercise</font><font style="color:#000000;">.&nbsp;&nbsp;Once vested and exercisable in accordance with the provisions of this Agreement, the Options may be exercised at any time and from time to time prior to the date such Options terminate pursuant to Section 3.&nbs