Kimball International, Inc. Discretionary Compensation Authorization under 2017 Stock Incentive Plan

Summary

This document authorizes the CEO of Kimball International, Inc. to grant up to 125,000 shares of common stock and/or cash as discretionary compensation to eligible employees, excluding executive officers. Any awards to executive officers require approval from the Compensation and Governance Committee. The awards may be made under the 2017 Stock Incentive Plan or the Enhanced Severance Plan. There is no guaranteed right for any employee to receive discretionary compensation.

EX-10.B 3 a10kexhibit10b06302018q4.htm KIMBALL INTERNATIONAL, INC. EXHIBIT 10.B Exhibit

Exhibit 10(b)

DISCRETIONARY COMPENSATION

Because special situations occur in which individual achievement may not be adequately recognized under incentive plans, the Compensation and Governance Committee (the “Committee”) grants authority to the Chief Executive Officer to distribute additional discretionary stock compensation up to an aggregate maximum amount of 125,000 shares of Common Stock and/or cash to eligible participants other than executive officers. Any discretionary stock awards or cash to the Company's executive officers must be approved by the Committee. The stock compensation, which will be awarded under the Company's 2017 Stock Incentive Plan, may be in the form of stock compensation awards, grants of shares pursuant to the Company's Enhanced Severance Plan, and/or outright grants of shares of the Company's Common Stock. No employee has a guaranteed right to discretionary compensation.