Place the polyfoam on a flat surface.
Mark the shape of the seat on the foam with chalk, making a heavy, clearly visible line.
Position the electric knife at a 90-degree angle to the foam, at the outer edge of the chalk line, making sure there is nothing under the area you will be cutting.
Turn the knife on, and cut all of the way around the chalk line, keeping the knife blade straight up and down in the foam.
Set the excess foam aside, and inspect the seat pad for uneven edges. If you find uneven edges, trim the rough spots away with the electric knife.