Number of Performance Units Earned. Except as may otherwise be provided in this Award Agreement, after completion of the Performance Period, the number of Performance Units earned shall be determined by multiplying the applicable portion of the Target Award and the results certified by the Committee as set forth in Exhibits A, B and C. Earned Performance Units will vest on the last day of the Company's ###Third Performance Fiscal Year### fiscal year and be paid in Shares as soon as administratively practicable following the close of the applicable Performance Period. Upon the release of your earned Performance Units, the Company will issue you one (1) Share for each earned Performance Unit as soon as practicable following the close of the applicable Performance Period, but in no event more than 60 days following the last day of the Performance Period. Notwithstanding any provision under this Award Agreement and in accordance with the terms of the Plan, your maximum aggregate payout (determined as of the last day of the Performance Period) will be equal to 200% of the Target Award. Notwithstanding the foregoing, the Company may, in its sole discretion, settle your earned Performance Units in the form of Shares but require you to sell such Shares immediately or within a specified period of time following your termination of employment (in which case you hereby expressly authorize the Company to issue sales instructions to any brokerage firm and/or third-party administrator engaged by the Company on your behalf). ###FIRST NAME### ###LAST NAME### ###DATE###
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Sources: Performance Unit Award Agreement (Steelcase Inc), Performance Unit Award Agreement (Steelcase Inc)