COMMON STOCK GRANT AGREEMENT
EXHIBIT
(10.1)
WHEREAS,
____________ ("Grantee") is a Non-Employee Director (as defined in the 2007
Equity Plan for Non-Employee Directors of HNI Corporation (the "Plan")), of
HNI
Corporation, an Iowa corporation (the "Corporation"); and
WHEREAS,
the
execution of a Common Stock Grant Agreement in the form hereof and the Common
Stock Grant effected hereby have been duly authorized by a resolution of the
Board of Directors of the Corporation duly adopted on May __, ______;
and
WHEREAS,
the
Corporation has determined that it would be in the best interests of the
Corporation to issue the shares of Common Stock provided herein to Grantee
in
consideration of services to be performed for the Corporation.
NOW,
THEREFORE, in consideration and as additional compensation for services to
be
performed for the Corporation and for other good and valuable consideration,
on
the date hereof the Corporation issues to Grantee _____ shares of its Common
Stock, par value $1.00 per share ("Common Stock"), and agrees to cause
certificates for the shares granted hereunder to be delivered to Grantee,
subject to the terms and conditions hereinafter set forth.
This
grant of
Common Stock is made pursuant to the Plan, a copy of which is attached
hereto. This Agreement is subject to all the terms and conditions of
the Plan, which are incorporated herein by reference. Capitalized
terms used herein and not defined are used as defined in the Plan.
EXECUTED
at
Muscatine, Iowa, this ____ day of May, ______.
| HNI Corporation | |||
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By:
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| Name: Xxxxxxx X. Xxxxxxxx | |||
| Title: Vice President, General Counsel and Secretary | |||
The
undersigned Grantee hereby acknowledges receipt of an executed original of
the
Common Stock Grant Agreement and the 2007 Equity Plan for Non-Employee Directors
of HNI Corporation, and accepts the grant made thereunder.
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| Grantee | |||
