Participation Agreement under 2007 Equity Plan for Non-Employee Directors of HNI Corporation
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Summary
This agreement is between a non-employee director and HNI Corporation, allowing the director to elect to receive a specified percentage of their cash compensation in the form of HNI common stock. The agreement is valid for a calendar year and is governed by the terms of the 2007 Equity Plan for Non-Employee Directors. To participate, the director must complete and return the agreement before the start of the year. The agreement outlines the process for electing stock compensation instead of cash.
EX-10.26 9 ex10_26.htm EXHIBIT 10.26 Unassociated Document
Exhibit 10.26
PARTICIPATION AGREEMENT
2007 Equity Plan for Non-Employee Directors of HNI Corporation
This Participation Agreement (this "Agreement") between _________________________ (print name) ("Director") and HNI Corporation (the "Corporation") is for the period commencing January 1, ____ and ending December 31, _____, and is subject to all of the terms and conditions of the 2007 Equity Plan for Non-Employee Directors of HNI Corporation (the "Plan") and any successor plan.
I elect to receive ________% of my Director cash compensation paid in the form of HNI common stock in accordance with the terms of the Plan.
Dated ________________________, _____.
| Director |
Please complete this Agreement and return it to the Corporation's Vice President, Member & Community Relations, before January 1, _____ should you wish to participate.
Received and accepted by HNI Corporation this day of_____________, ______.
HNI Corporation | |||
By: | |||
Name: | |||
Title: |