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EXHIBIT 10.7 BALDWIN TECHNOLOGY COMPANY, INC.
2005 EQUITY COMPENSATION PLAN PERFORMANCE SHARE AWARD AGREEMENT
This Agreement evidences the grant of a Performance Award of Shares
(the "Performance Shares") pursuant to the 2005 Equity Compensation
Plan (the "Plan") of Baldwin Technology Company, Inc. (the
"Company") to the individual whose name appears below (the
"Participant"), pursuant to the provisions of the Plan and on the
following express terms and conditions. Capitalized terms not
otherwise defined herein will each have the meaning assigned to
them in the Plan. 1. Name of Participant: [INSERT NAME] 2. Number
of Performance Shares Awarded at 100% of Target: [INSERT NUMBER OF
SHARES] 3. Date of Grant: [INSERT DATE OF AWARD] 4. Determination
of Number of Performance Shares: Subject to Section 6 below, the
following table sets forth the applicable performance criteria and
targets for determining the percentage of the Performance Shares
indicated in Section 2 above that will be awarded if the Committee
determines that the performance criteria set forth below for the
three-year performance period ending on June 30, 2011 meet or
exceed the applicable targets for such period. The performance
criteria were set forth in the Company's most recent Strategic Plan
as presented to the Board of Directors on June 9, 2008. Performance
between the applicable threshold targets will be determined using
straight-line interpolation.
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2011
ORGANIC REVENUE 2011 ORGANIC REVENUE PERCENT OF GRANT ACTUAL
OPPORTUNITY -------------------- -------------------- $XXXXXXXX
or above 100% $XXXXXXXX or below 0% OVERALL WEIGHTING: 50%
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2011
ORGANIC OPERATING 2011 ORGANIC OPERATING INCOME AS A PERCENT OF
INCOME AS A PERCENT OF ORGANIC REVENUE (AFTER ORGANIC REVENUE
(AFTER NON-RECURRING ITEMS) NON-RECURRING ITEMS) ACTUAL PERCENT OF
GRANT OPPORTUNITY ----------------------
---------------------------- XXX% or above 100% XXX% or below 0%
OVERALL WEIGHTING: 50%
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The percentage of the Performance Shares that
will be awarded will equal (i) the "2011 Organic Revenue Percent of
Grant Opportunity" percentage multiplied by 50%, plus (ii) the
"2011 Organic Operating Income as a Percent of Organic Revenue
(after non-recurring items) Percent of Grant Opportunity"
percentage multiplied by 50% (this sum, the "Total Award
Percentage"). The number of Performance Shares that will be awarded
will equal the Total Award Percentage multiplied by the number of
Performance Shares indicated in Section 2 above, rounded down to
the preceding whole number (e.g., 101.74 rounded down to 101). [For
these purposes, a performance target will be deemed to have been
met if at any time during the period ending June 30, 2011, such
target has been met and the Committee so certifies between July 1,
2011 and September 30, 2011 that such target has been met.] For
purposes of this Award Agreement, "2011 Organic Revenue" and "2011
Organic Operating Income as a Percent of Organic Revenue (after
non-recurring
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