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Exhibit 10.1
KIMBALL
INTERNATIONAL, INC.
PERFORMANCE SHARE
AWARD AGREEMENT
This Performance Share Award (the "Award") dated the ____ day of
______________ is made by Kimball International, Inc., an Indiana
corporation (the "Company") to ________ (the "Officer") pursuant to
the terms of the Company's 2003 Stock Option and Incentive Plan
(the "Plan").
WHEREAS the Board of Directors and Compensation Committee of the
Company believe it to be in the best interests of the Company and
its shareowners, for its Officers to obtain or increase their
shareowner interests in the Company in order that they will have a
greater incentive to work for and manage the Company's affairs in
such a way that its shares may become more valuable, thereby
aligning the personal interests of Officers to the Company
shareowners; and
WHEREAS the Officer is employed by the Company or one of its
subsidiaries as an Officer;
Now therefore, in consideration of these premises and of services
to be performed by the Officer, the Company hereby makes this Award
to the Officer on the following terms and conditions hereafter
expressed and subject to the terms of the Plan.
AWARD
The Company hereby awards to the Officer a total of _______ shares
of Class A Common Stock of the Company, subject to non-receipt or
forfeiture as described herein.
SHARES OF AWARD
Shares of the Award received will be determined by the bonus
computed (stated as a percent of eligible earnings) under the
Company's Profit Sharing Bonus Plan (the "Bonus Plan") for the
fiscal year ended ___________, for the Officer. Shares received
under the Award are determined by multiplying the awarded shares
times the percent of bonus computed for the Officer under the
Company's Bonus Plan for the fiscal year ended ____________. In
computing the shares received, the shares will be rounded down to a
full share excluding any fractional shares.
FORFEITURE OF AWARD
To receive shares from the Award, the Officer must be a fulltime
employee of the Company at the time shares are issued under the
Award, except for
-
Death
-
Permanent disability
-
Retirement at age 62 or older
If during the award period
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