Knoll, Inc. 2016 Incentive Compensation Program Award Letter to Benjamin Pardo

Summary

Knoll, Inc. offers Benjamin Pardo participation in its 2016 Incentive Compensation Program, with a potential target payout of $285,000 if both individual and company performance goals are met. The final award amount is subject to approval and possible adjustment by Knoll’s Board of Directors, based on company and individual performance, as well as broader economic factors. To receive the incentive, Benjamin must be employed by Knoll at the time of distribution, expected in early 2017.

EX-10.3 4 ex103-benjaminpardo.htm EXHIBIT 10.3 Exhibit

Exhibit 10.3

December 3, 2015

Benjamin Pardo

New York, NY

Dear Benjamin:

It is my pleasure to inform you that you will be a participant in the 2016 Knoll, Inc. Incentive Compensation Program.

We are counting on you to help us build on the positive momentum we created in 2015 across each of our business segments. We must strive to continue to gain share, improve our profitability, target under-penetrated markets, expand our reach into consumer and decorator channels and build a responsible and technologically efficient infrastructure across all our businesses to position Knoll for success in 2016 and beyond.

If you achieve your individual goals and Knoll makes its 2016 operating profit plan you can qualify for a total target incentive payout of $285,000.

This award is subject to my approval and that of the Knoll, Inc. Board of Directors (or appropriate committee of the Knoll, Inc. Board of Directors), which may exercise discretion in adjusting your award up or down based on factors the Board of Directors (or appropriate committee of the Knoll, Inc. Board of Directors) deems appropriate, including Knoll’s performance relative to the industry, other macroeconomic factors and your individual performance. You must be employed by Knoll on the date this award is distributed in order to receive this incentive.

I have great confidence in your ability to contribute to our success in 2016 and look forward to being able to present you with your award in early 2017.

Thank you for all that you do for Knoll.

Sincerely,

/s/ Andrew Cogan

Andrew Cogan

CEO