FORM OF 2006 LONG-TERM INCENTIVE PLAN PERFORMANCE BASED CASH AWARD AGREEMENTPerformance Based Cash Award Agreement • January 8th, 2010 • Penford Corp • Grain mill products • Washington
Penford Corporation (the “Company”), on [date] (the “Grant Date”), granted to you the opportunity to earn an Award pursuant to the terms of the Company’s 2006 Long-Term Incentive Plan (the “Plan”). The Award is subject to all the terms and conditions set forth in this Award Agreement (the “Award Agreement”) and in the Plan, which is attached to and incorporated into this Award Agreement in its entirety.
