Acco Brands, Inc. Benefits Summary For Executive Automobile Allowance Program

Exhibit 10.16 Benefit Summary for Executives Executive Automobile Allowance Program

I. ELIGIBILITY Full-time ACCO Brands' executives whose positions are classified in a pay grade of 9 or higher, on the US dollar payroll, are eligible to receive an automobile allowance. II. ENROLLMENT Upon notification of your eligibility, either through hire or promotion, the ACCO Compensation Group will authorize the Payroll Manager to initiate payment of your auto allowance on the next available payroll cycle. The authorization will include your name, your employee number, the effective date, and allowance amount. The effective date of the allowance will be the day that you met the eligibility requirements. The allowance will be paid to you on a semi-monthly basis and included in your regular pay check. All automobile allowance payments are considered taxable income. If you are promoted to a grade that would change your allowance level, the Compensation Group will instruct the Payroll Manager to make the appropriate changes effective the date of promotion. Periodically, the Compensation Group will review executive auto allowances to ensure the level of allowance remains appropriate and meets the objecti ...