CLEARFIELD, INC. 2022 STOCK COMPENSATION PLAN PERFORMANCE STOCK UNIT AWARD AGREEMENTPerformance Stock Unit Award Agreement • November 26th, 2024 • Clearfield, Inc. • Telephone & telegraph apparatus • Minnesota
The Performance Percentage shall be determined by the Committee. To the extent the Vesting Percentage is less than Threshold, the Vesting Percentage shall be zero. In no event will the Vesting Percentage exceed [____]% regardless of the achievement of the Performance Goal(s). There is no interpolation between Vesting Percentages.
