KADANT INC. FORM OF FIRST AMENDMENT TO PERFORMANCE-BASED RESTRICTED STOCK UNITSPerformance-Based Restricted Stock Units • March 10th, 2009 • Kadant Inc • Special industry machinery (no metalworking machinery)
Preamble. This amendment is effective as of December 9, 2008 with respect to the Performance-Based Restricted Stock Unit Award Agreements granted to the Recipient named below on the dates specified (the “Agreements”). This amendment is made by Kadant Inc. (the “Company”) pursuant to the unilateral rights reserved under Section 7 of the Agreements to amend the Agreements to comply with Section 409A of the U.S. Internal Revenue Code.
