{"id":40006,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/incentive-compensation-plan-form-of-performance-shares-award.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"incentive-compensation-plan-form-of-performance-shares-award","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/incentive-compensation-plan-form-of-performance-shares-award.html","title":{"rendered":"Incentive Compensation Plan Form of Performance Shares Award Agreement"},"content":{"rendered":"

Steelcase Inc. Incentive Compensation Plan Form of Performance Shares
\nAward Agreement as
\namended and restated<\/strong><\/p>\n

THIS DOCUMENT CONSTITUTES PART OF A PROSPECTUS COVERING SECURITIES THAT HAVE
\nBEEN REGISTERED UNDER THE SECURITIES ACT OF 1933.<\/p>\n

Amended and Restated \u00abLetter_Date \u00bb<\/p>\n

CONFIDENTIAL TO: \u00abFirst_Name \u00bb \u00abLast_Name \u00bb<\/p>\n

In the meeting on \u00abAward_Date \u00bb, the Compensation Committee of the Board of
\nDirectors of Steelcase Inc. granted you Performance Shares under the Steelcase
\nInc. Incentive Compensation Plan (the “Plan”), subject to the terms and
\nexecution of this Amended and Restated Award Agreement.<\/p>\n

This Amended and Restated Award Agreement supersedes the Award Agreement you
\nsigned on \u00abSigned_On \u00bb and provides additional information regarding your Award
\nand your rights under the Plan. As used herein, the term Award Agreement means
\nthis Amended and Restated document. A copy of the Plan has already been provided
\nto you. If there is any inconsistency between this Award Agreement and the Plan,
\nthe Plan controls. Capitalized terms used in this Award Agreement are defined in
\nthe Plan, unless defined herein.<\/p>\n

Overview of Your Award:<\/strong><\/u><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/td>\n\n

1.<\/p>\n<\/td>\n

<\/td>\nType of Award:<\/strong><\/p>\n

Performance Shares as authorized under Article 9 of the Plan.<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

2.<\/p>\n<\/td>\n

<\/td>\nTarget Number of Performance Shares under this Award:<\/strong><\/p>\n

\u00abPerformance_Shares \u00bb<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

3.<\/p>\n<\/td>\n

<\/td>\nAward Date:<\/strong><\/p>\n

\u00abAward_Date \u00bb<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

4.<\/p>\n<\/td>\n

<\/td>\nPerformance Measures:<\/strong><\/p>\n

Total Shareholder Return (“TSR”) during the three-year Performance Period, as
\noutlined in Article 12 of the Plan. For purposes of this Award, TSR shall be
\nexpressed as a compound annual growth rate.<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

5.<\/p>\n<\/td>\n

<\/td>\nPerformance Period:<\/strong><\/p>\n

The Performance Period for this Award begins on the first day of the
\nCompany153s 2008 fiscal year and ends on the last day of the Company153s 2010 fiscal
\nyear.<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

6.<\/p>\n<\/td>\n

<\/td>\nNumber of Performance Shares Earned:<\/strong><\/p>\n

After completion of the Performance Period, the number of Performance Shares
\nearned under this Agreement will be based 50% on Absolute TSR and 50% on
\nRelative TSR. For purposes of this Award, TSR shall be expressed as a compound
\nannual growth rate and calculated as follows:<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/p>\n\n\n\n
\n

TSR = ( Ending Stock Price + ) (1\/3) Dividends Paid : 1<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n

: Beginning Stock Price<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n\n\n\n
<\/td>\n<\/td>\n<\/td>\n\n

“Beginning Stock Price” shall mean the average closing price as reported on
\nthe New York Stock Exchange (or such other principal exchange as the Company153s
\nClass A Common Stock may be traded from time to time) of one (1) Share for the
\ntwenty (20) trading days immediately prior to the first day of the Performance
\nPeriod. “Ending Stock Price” shall mean the average closing price as reported on
\nthe New York Stock Exchange (or such other principal exchange as the Company153s
\nClass A Common Stock may be traded from time to time) of one (1) Share for the
\nlast twenty (20) trading days of the Performance Period. “Dividends Paid” shall
\ninclude all dividends paid as described in Section 7 of this Award Agreement.\n<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n
<\/td>\n\n

A.<\/p>\n<\/td>\n

<\/td>\n\n

Absolute TSR<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n\n

To determine the number of Performance Shares earned based upon Absolute TSR,
\nthe Target Number of Performance Shares under this Award shall first be
\nmultiplied by 50%. Following the determination of TSR, Absolute TSR shall be
\ndetermined based on the following chart. Interpolation shall be used in the
\nevent the percent does not fall directly on one of the percentages listed in the
\ntable below and in no event will the payout as a percent of target exceed 200%.\n<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\nAbsolute TSR<\/strong><\/td>\n<\/td>\n<\/td>\n<\/td>\nPayout as a Percent of Target<\/strong><\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

24<\/p>\n<\/td>\n

\n

% and above<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

200<\/p>\n<\/td>\n

\n

%<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n\n

21<\/p>\n<\/td>\n

\n

%<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

175<\/p>\n<\/td>\n

\n

%<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n\n

18<\/p>\n<\/td>\n

\n

%<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

150<\/p>\n<\/td>\n

\n

%<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n\n

15<\/p>\n<\/td>\n

\n

%<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

125<\/p>\n<\/td>\n

\n

%<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n\n

12<\/p>\n<\/td>\n

\n

%<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

100<\/p>\n<\/td>\n

\n

%<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n\n

9<\/p>\n<\/td>\n

\n

%<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

75<\/p>\n<\/td>\n

\n

%<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n\n

6<\/p>\n<\/td>\n

\n

%<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

50<\/p>\n<\/td>\n

\n

%<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n\n

<6<\/p>\n<\/td>\n

\n

%<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

0<\/p>\n<\/td>\n

\n

%<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n
<\/td>\n\n

B.<\/p>\n<\/td>\n

<\/td>\n\n

Relative TSR<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n\n

To determine the number of Performance Shares earned based upon Relative TSR,
\nthe Target Number of Performance Shares under this Award shall first be
\nmultiplied by 50%.<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n\n

To determine Relative TSR, a Peer Group of companies approved by the
\nCommittee will be used. The Peer Group will be ranked from highest Total
\nShareholder Return expressed as a compound annual growth rate to lowest Total
\nShareholder Return expressed as a compound annual growth rate. The number of
\nPerformance Shares earned based upon Relative TSR shall then be determined by
\ncomparing the Company153s TSR expressed as a compound annual growth rate to the
\nPeer Group and based upon the following chart. Interpolation shall be used in
\nthe event the Company153s percentile rank does not fall directly on one of the
\nranks listed in the table below and in no event will the payout as a percent of
\ntarget exceed 200%.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\nRelative TSR<\/strong><\/td>\n<\/td>\n<\/td>\n<\/td>\nPayout as a Percent of Target<\/strong><\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

90th<\/sup> Percentile and above<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

200<\/p>\n<\/td>\n

\n

%<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

80th<\/sup> Percentile<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

175<\/p>\n<\/td>\n

\n

%<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

70th<\/sup> Percentile<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

150<\/p>\n<\/td>\n

\n

%<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

60th<\/sup> Percentile<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

125<\/p>\n<\/td>\n

\n

%<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

50th<\/sup> Percentile<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

100<\/p>\n<\/td>\n

\n

%<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

40th<\/sup> Percentile<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

75<\/p>\n<\/td>\n

\n

%<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

30th<\/sup> Percentile<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

50<\/p>\n<\/td>\n

\n

%<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

<30th<\/sup> Percentile<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

0<\/p>\n<\/td>\n

\n

%<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n\n\n\n\n\n
<\/td>\n\n

C.<\/p>\n<\/td>\n

<\/td>\n\n

Total Performance Shares Earned and Vesting<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n\n

The total number of Performance Shares earned is determined by adding the
\nPerformance Shares earned based upon Absolute TSR and the Performance Shares
\nearned based upon Relative TSR. Earned Performance Shares will vest on the last
\nday of the Company153s 2010 fiscal year and be paid in Shares as soon as
\nadministratively practicable following the close of the applicable Performance
\nPeriod.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n
<\/td>\n\n

7.<\/p>\n<\/td>\n

<\/td>\nDividend Equivalents on Earned Performance Shares:<\/strong><\/p>\n

Any dividends declared during the Performance Period with respect to the
\nShares underlying your earned Performance Shares will be paid as soon as
\npracticable following the end of the Performance Period, either in cash or in
\nstock, as determined by the Board of Directors. Cash equivalents will be valued
\nas of the date(s) on which the dividend(s) were declared during the Performance
\nPeriod. Stock dividends will be valued at the Fair Market Value measured at the
\nend of the Performance Period and will be governed by Article 17.1 of the Plan.
\nAny payments made are not actual dividends (see Section 12). You do not become a
\nshareholder during the Performance Period, but rather at the date of vesting
\nupon transfer of the Shares into your name.<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

8.<\/p>\n<\/td>\n

<\/td>\nDeath, Disability or Retirement during the Performance
\nPeriod:<\/strong><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
<\/td>\n\n

a)<\/p>\n<\/td>\n

<\/td>\n\n

If you die or become totally and permanently disabled while an Employee
\nduring the Performance Period, the target number of Performance Shares will be
\ndeemed earned and the corresponding shares vested according to the following
\nschedule. Any remaining unearned Performance Shares will be forfeited.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n
<\/td>\n<\/strong><\/td>\n<\/td>\n\n

If death or qualifying disability occurs from the beginning of the
\nPerformance Period through the last day of the Company153s 2008 fiscal year,
\n \u00abVesting_1 \u00bb Performance Shares will immediately be earned and the corresponding
\nshares vested.<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/strong><\/td>\n<\/td>\n\n

If death or qualifying disability occurs from the first day of the Company153s
\n2009 fiscal year through the last day of the Company153s 2009 fiscal year,
\n \u00abVesting_2 \u00bb Performance Shares will immediately be earned and the corresponding
\nshares vested.<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/strong><\/td>\n<\/td>\n\n

If death or qualifying disability occurs from the first day of the Company153s
\n2010 fiscal year through the last day of the Company153s 2010 fiscal year,
\n \u00abVesting_3 \u00bb Performance Shares will immediately be earned and the corresponding
\nshares vested.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n
<\/td>\n\n

b)<\/p>\n<\/td>\n

<\/td>\n\n

In the event of your retirement during the Performance Period, you will be
\ntreated as continuing in employment for purposes of earning and vesting in your
\nAward. You will be considered to have retired if your termination of employment
\noccurs after your age plus years of continuous service total 80 or more.<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

9.<\/p>\n<\/td>\n

<\/td>\nForfeiture of Awards:<\/strong><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
<\/td>\n\n

a)<\/p>\n<\/td>\n

<\/td>\n\n

All unearned Performance Shares will be forfeited upon a termination of your
\nemployment during the Performance Period for any reason other than death, total
\nand permanent disability or retirement.<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

b)<\/p>\n<\/td>\n

<\/td>\n\n

Pursuant to Article 15.4 of the Plan, if you engage in any Competition with
\nthe Company (as defined in the Plan and determined by the Administrative
\nCommittee in its discretion) you will immediately and permanently forfeit the
\nright to receive payment from this Award, whether or not vested. You must return
\nto the Company any gain resulting from this Award at any time within the
\ntwelve-month period preceding the date you engaged in Competition with the
\nCompany.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/td>\n\n

10.<\/p>\n<\/td>\n

<\/td>\nChange in Control:<\/strong><\/p>\n

Pursuant to Article 16.1 of the Plan, upon a Change in Control after
\n \u00abCIC_Trigger \u00bb, the target payout opportunity under this Award shall be deemed to
\nhave been fully earned for the entire Performance Period as of the effective
\ndate of the Change in Control. Vesting shall be accelerated as of the effective
\ndate of the Change in Control, and there shall be paid to you within thirty (30)
\ndays following the effective date of the Change in Control a pro rata number of
\nShares based upon an assumed achievement of all relevant targeted performance
\ngoals and upon the length of time within the Performance Period which has
\nelapsed prior to the Change in Control.<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

11.<\/p>\n<\/td>\n

<\/td>\nTransfer:<\/strong><\/p>\n

Performance Shares may not be sold, transferred, pledged, assigned, or
\notherwise alienated or hypothecated, other than by will or by the laws of
\ndescent and distribution.<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

12.<\/p>\n<\/td>\n

<\/td>\nVoting Rights and Dividends:<\/strong><\/p>\n

During the Performance Period, you will not have voting rights with respect
\nto your Performance Shares and, other than as set forth in Section 7 of this
\nAward Agreement, you will not be entitled to receive any dividends declared with
\nrespect to your Performance Shares. After the Performance Period, your Shares
\nwill vest and you will obtain voting rights and be entitled to receive any
\ndividends.<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

13.<\/p>\n<\/td>\n

<\/td>\nTaxes:<\/strong><\/p>\n

The Company will make the required tax reporting to you and the IRS and any
\nother authority to whom social security and income tax is due. The Company has
\nthe right to withhold Shares or cash that would otherwise be received by you for
\nthe statutory minimum Federal, state, social security, medicare, local, or
\nforeign authority withholding tax due. The Company may also collect withholding
\ntax directly from you. You may also elect to satisfy the withholding
\nrequirement, in whole or in part, by having the Company withhold Shares having a
\nFair Market Value on the date the tax is to be determined equal to the minimum
\nstatutory total tax which could be imposed on the transaction.<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

14.<\/p>\n<\/td>\n

<\/td>\nAdministration:<\/strong><\/p>\n

This Award Agreement and the rights of the Participant hereunder are subject
\nto all the terms and conditions of the Plan, as the same may be amended from
\ntime to time, as well as to such rules and regulations as the Committee may
\nadopt for administration of the Plan. It is expressly understood that the
\nCommittee or its designee is authorized to administer, construe, and make all
\ndeterminations necessary or appropriate to the administration of the Plan and
\nthis Award Agreement, all of which will be binding upon the Participant.<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

15.<\/p>\n<\/td>\n

<\/td>\nRequired Approvals:<\/strong><\/p>\n

This Award Agreement will be subject to all applicable laws, rules and
\nregulations, and to such approvals by any governmental agencies or national
\nsecurities exchanges as may be required.<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

16.<\/p>\n<\/td>\n

<\/td>\nGoverning Law:<\/strong><\/p>\n

To the extent not preempted by federal law, this Award Agreement will be
\ngoverned by, and construed in accordance with, the laws of the State of
\nMichigan, USA.<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

17.<\/p>\n<\/td>\n

<\/td>\nAmendment:<\/strong><\/p>\n

This Award Agreement may be amended or modified by the Committee as long as
\nthe amendment or modification does not materially adversely affect your Award,
\nprovided, however, that the Company may amend this Award Agreement in any manner
\nreasonably intended to avoid the acceleration of tax and the possible imposition
\nof penalties under Section 409A of the Code.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

By signing this Award Agreement, you hereby acknowledge:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
\n

(a)<\/p>\n<\/td>\n

<\/td>\n\n

that the Plan is discretionary in nature and may be suspended or terminated
\nat any time;<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
\n

(b)<\/p>\n<\/td>\n

<\/td>\n\n

that each grant of a Performance Share is a one-time benefit which does not
\ncreate any contractual or other right to receive future grants of Performance
\nShares, or benefits in lieu of Performance Shares;<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
\n

(c)<\/p>\n<\/td>\n

<\/td>\n\n

that all determinations with respect to future grants, if any, including, but
\nnot limited to, the times when the Performance Shares will be granted, the
\nnumber of Shares subject to each grant, and the time or times when each Share
\nwill vest, will be at the sole discretion of the Board of Directors;<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
\n

(d)<\/p>\n<\/td>\n

<\/td>\n\n

that your participation in the Plan does not create a right to further
\nemployment with your employer and will not interfere with the ability of your
\nemployer to terminate your employment relationship at any time with or without
\ncause;<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
\n

(e)<\/p>\n<\/td>\n

<\/td>\n\n

that your participation in the Plan is voluntary;<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n\n\n\n\n\n\n\n\n\n
\n

(f)<\/p>\n<\/td>\n

<\/td>\n\n

that the value of the Performance Shares is an extraordinary item of
\ncompensation which is outside the scope of your employment contract, if any;\n<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
\n

(g)<\/p>\n<\/td>\n

<\/td>\n\n

that the Performance Shares are not part of normal and expected compensation
\nfor purposes of calculating any severance, resignation, redundancy, end of
\nservice payments, bonuses, long-service awards, pension or retirement benefits
\nor similar payments;<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
\n

(h)<\/p>\n<\/td>\n

<\/td>\n\n

that the right to the grant ceases upon termination of employment for any
\nreason except as may otherwise be explicitly provided in the Plan or this Award
\nAgreement; and<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
\n

(i)<\/p>\n<\/td>\n

<\/td>\n\n

that the future value of the Performance Shares is unknown and cannot be
\npredicted with certainty.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

By signing this Award Agreement, and as a condition of the grant of the
\nPerformance Shares, you hereby consent to the collection, use and transfer of
\npersonal data as described below. You understand that the Company and its
\nsubsidiaries hold certain personal information about you, including, but not
\nlimited to, your name, home address and telephone number, email address, date of
\nbirth, social security number, salary, nationality, job title, any Shares of
\nstock or directorships held in the Company, details of all Performance Shares or
\nother entitlement to Shares awarded, canceled, exercised, vested, unvested or
\noutstanding in your favor, for the purpose of managing and administering the
\nPlan (“Data”).<\/p>\n

You further understand that the Company and\/or its subsidiaries will transfer
\nData amongst themselves as necessary for the purposes of implementation,
\nadministration and management of your participation in the Plan, and that the
\nCompany and\/or its subsidiaries may each further transfer Data to any third
\nparties assisting the Company in the implementation, administration and
\nmanagement of the Plan (“Data Recipients”).<\/p>\n

You understand that these Data Recipients may be located in your country of
\nresidence or elsewhere. You hereby authorize the Data Recipients to receive,
\npossess, use, retain and transfer Data in electronic or other form, for the
\npurposes of implementing, administering and managing your participation in the
\nPlan, including any transfer of such Data, as may be required for the
\nadministration of the Plan and\/or the subsequent holding of Shares on your
\nbehalf.<\/p>\n

You understand that you may, at any time, review the Data, require any
\nnecessary amendments to it or withdraw the consent herein in writing by
\ncontacting the Company. You further understand that withdrawing consent may
\naffect your ability to participate in the Plan and\/or may affect your Award.\n<\/p>\n

If you have any questions regarding your Award or this Award Agreement, or
\nwould like a copy of the Plan, please contact John Hagenbush, Director,
\nCompensation, at (616) 246-9532.<\/p>\n

Sincerely, James P. Hackett
\nPresident and CEO<\/p>\n

Please acknowledge your agreement to participate in the Plan and this Award
\nAgreement, and to abide by all of the governing terms and provisions, by signing
\nthe following representation. Your signed representation must be returned by
\n \u00abReturn_Date \u00bb to: Compensation Department (CH-2E-04)
\nAttn: Steven Dobias
\nSteelcase Inc.
\nPO Box 1967
\nGrand Rapids, MI 49501-1967<\/p>\n

Agreement to Participate<\/strong><\/u> By signing a copy of this
\nAward Agreement and returning it I acknowledge that I have read the Plan, and
\nthat I fully understand all of my rights under the Plan, as well as all of the
\nterms and conditions that may limit my rights under this Award Agreement.
\nWithout limiting the generality of the preceding sentence, I understand that,
\nsubject to the terms of the Plan and this Award Agreement, my right to the
\nPerformance Shares granted under this Award is conditioned upon my continued
\nemployment with the Company.<\/p>\n\n\n\n\n\n\n\n\n\n\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Date:<\/em><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Participant:<\/em><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

\u00abFirst_Name \u00bb \u00abLast_Name \u00bb<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

\u00abSSN \u00bb<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[8943],"corporate_contracts_industries":[9399],"corporate_contracts_types":[9539,9546],"class_list":["post-40006","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-steelcase-inc","corporate_contracts_industries-consumer__furniture","corporate_contracts_types-compensation","corporate_contracts_types-compensation__incentive"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/40006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=40006"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=40006"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=40006"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=40006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}