FORM OF EXECUTIVE OFFICER PERFORMANCE-BASED RESTRICTED STOCK UNIT
Notice of Grant of Award One Technology Park Drive
and Award Agreement Westford, MA 01886
[Recipient name] Award Number: [##]
[Recipient address] Plan: [##]
Effective [Date], you have been granted an award of [##] restricted stock units. These units are restricted until
the vest date(s) shown below, at which time you will receive shares of Kadant Inc. (the Company) common
The current total value of the award is $[##].
The award will vest in increments on the date(s) shown.
Shares Full Vest
By your signature and the Company’s signature below, you and the Company agree that this award is granted
under and governed by the terms and conditions of the Company’s Award Plan as amended and the Award
Agreement, all of which are attached and made a part of this document.
Kadant Inc. Date
[Recipient name] Date
AWARD AGREEMENT FOR
PERFORMANCE-BASED RESTRICTED STOCK UNITS