EVOQUA WATER TECHNOLOGIES CORP.
2017 EQUITY INCENTIVE PLAN
RESTRICTED STOCK UNIT - NOTICE OF GRANT

Evoqua Water Technologies Corp. (the “Company”), a Delaware corporation, hereby
grants to the Grantee set forth below (the “Grantee”) Restricted Stock Units
(the “Restricted Stock Units”), pursuant to the terms and conditions of this
Notice of Grant (the “Notice”), the Restricted Stock Unit Award Agreement
attached hereto as Exhibit A (the “Award Agreement”), and the Evoqua Water
Technologies Corp. 2017 Equity Incentive Plan (the “Plan”). Capitalized terms
used but not defined herein shall have the meaning attributed to such terms in
the Award Agreement or, if not defined therein, in the Plan, unless the context
requires otherwise. Each Restricted Stock Unit represents the right to receive
one (1) Share at the time and in the manner set forth in Section 4 of the Award
Agreement.

Date of Grant:    [●]

Name of Grantee:    [●]

Number of
Restricted Stock Units:    [●] Shares

Vesting:
The Restricted Stock Units shall vest pursuant to the terms and conditions set
forth in Section 3 and Section 5 of the Award Agreement.

Vesting Start Date:
[●]

The Restricted Stock Units shall be subject to the execution and return of this
Notice by the Grantee to the Company within 60 days of the date hereof
(including by utilizing an electronic signature and/or web-based approval and
notice process or any other process as may be authorized by the Company). By
executing this Notice, the Grantee acknowledges that his or her agreement to the
covenants set forth in Section 6 of the Award Agreement is a material inducement
to the Company in granting this Award to the Grantee.

This Notice may be executed by facsimile or electronic means (including, without
limitation, PDF) and in one or more counterparts, each of which shall be
considered an original instrument, but all of which together shall constitute
one and the same agreement, and shall become binding when one or more
counterparts have been signed by each of the parties hereto and delivered to the
other party hereto.

[Signature Page Follows]

1
114775718.3

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IN WITNESS WHEREOF, the parties hereto have executed this Notice of Grant as of
the Date of Grant set forth above.

EVOQUA WATER TECHNOLOGIES CORP.

By:    
Name:
Title:

GRANTEE

By:        
Name: [●]

[SIGNATURE PAGE TO NOTICE OF RESTRICTED STOCK UNIT GRANT FOR THE EVOQUA WATER
TECHNOLOGIES CORP. 2017 EQUITY INCENTIVE PLAN]

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Exhibit A

EVOQUA WATER TECHNOLOGIES CORP.
2017 EQUITY INCENTIVE PLAN
RESTRICTED STOCK UNIT
AWARD AGREEMENT

THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (the “Award Agreement”) is entered
into by and among Evoqua Water Technologies Corp. (the “Company”) and the
individual set forth on the signature page to that certain Notice of Grant (the
“Notice”) to which this Award Agreement is attached. The terms and conditions of
the Restricted Stock Units granted hereby, to the extent not controlled by the
terms and conditions contained in the Plan, shall be as set forth in the Notice
and this Award Agreement. Capitalized terms used but not defined herein shall
have the meaning attributed to such terms in the Notice or, if not defined
therein, in the Plan, unless the context requires otherwise.

1.
No Right to Continued Employee Status or Consultant Service

Nothing contained in this Award Agreement shall confer upon the Grantee the
right to the continuation of his or her Employee status, or, in the case of a
Consultant or Director, to the continuation of his or her service arrangement,
or in either case to interfere with the right of the Company or any of its
Subsidiaries or other affiliates to Terminate the Grantee.

2.
Term of Restricted Stock Units

This Award Agreement shall remain in effect until the Restricted Stock Units
have fully vested and been settled or been forfeited by the Grantee as provided
in this Award Agreement.

3.
Vesting of Restricted Stock Units.

(a)    Vesting Schedule. Subject to the remainder of this Section 3 and Section
5 hereof, the Restricted Stock Units will vest as to [●] percent on each of the
first [●] anniversaries of the Vesting Start Date, such that the Restricted
Stock Units shall become fully (100%) vested as of the [●] anniversary of the
Vesting Start Date, subject to the Grantee not having Terminated as of the
applicable vesting date.

Except as otherwise provided in Section 3(b) and Section 5, if the Grantee
Terminates for any reason, the portion of the Restricted Stock Units that has
not vested as of such date shall terminate upon such Termination and be deemed
to have been forfeited by the Grantee without consideration.

(b)    Change in Control. Notwithstanding the foregoing, if the Grantee is
Terminated by the Company (or its successor) without Cause within the 12-month
period following a Change in Control, the portion of the Restricted Stock Units
that has not vested as of the date of such Termination shall become fully vested
as of the date of such Termination.

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4.
Settlement

Within thirty (30) days following the date on which any portion of the
Restricted Stock Units vest pursuant to Section 3 or Section 5 of this Award
Agreement, the Company shall deliver to the Grantee one (1) Share in settlement
of each Restricted Stock Unit that becomes vested on such vesting date (each
such date, an “Original Distribution Date”).

Notwithstanding the foregoing, in the event that (i) the Grantee is subject to
the Company’s insider trading policy, including any policy permitting officers
and directors to sell Shares only during certain “window” periods, in effect
from time to time (collectively, the “Policy”), the Grantee is subject to a
lock-up agreement (a “Lock-Up Agreement”) with one or more underwriters or
placement agents in connection with an offering or other placement of securities
by the Company, or the Grantee is otherwise prohibited from selling Shares in
the public market and any Shares underlying the Grantee’s Restricted Stock Units
are scheduled to be delivered on an Original Distribution Date that (A) does not
occur during an open “window period” applicable to the Grantee or on a day on
which the Grantee is permitted to sell Shares underlying any portion of the
Restricted Stock Units that has vested pursuant to a written plan that meets the
requirements of Rule 10b5-1 under the Exchange Act, as determined by the Company
in accordance with the Policy, as applicable, (B) occurs within a period during
which transactions in Company securities by the Grantee are prohibited under the
terms of a Lock-Up Agreement (a “Lock-Up Period”) or (C) does not occur on a
date when the Grantee is otherwise permitted to sell Shares on the open market,
and (ii) the Company elects not to satisfy the Grantee’s tax withholding
obligations by withholding Shares from the Grantee’s distribution, then such
Shares shall not be delivered on such Original Distribution Date and shall
instead be delivered, as applicable, on (X) the first business day of the next
occurring open “window period” applicable to the Grantee pursuant to the Policy,
(Y) the first business day immediately following the end of the Lock-Up Period,
or (Z) the next business day on which the Grantee is not otherwise prohibited
from selling Shares in the open market, but in no event later than December 31st
of the calendar year in which the Original Distribution Date occurs.
 
5.
Termination of Service

(a)    Except as set forth in the remainder of this Section 5, if the Grantee
incurs a Termination for any reason, whether voluntarily or involuntarily, then
the portion of the Restricted Stock Units that have not previously vested shall
terminate as of the date of the Grantee’s Termination. If the Grantee incurs a
Termination for Cause, then the Restricted Stock Units (including, for the
avoidance of doubt, Restricted Stock Units that are unvested and vested but not
yet settled) shall be forfeited and terminate immediately without consideration
upon the effective date of such Termination for Cause.

(b)    Subject to the remainder of this Section 5, if the Grantee has (x) (i)
attained the age of 65 or (ii) attained the age of 55 and completed at least ten
(10) consecutive years of service with the Company and (y) delivered written
notice to the Company on or after meeting the requirements set forth in clause
(x) of his or her intent to retire from the Company (such notice, a “Retirement
Notice”) at least six months prior to the effective date of his or her
retirement ((x) and (y), together, referred to as becoming “Retirement
Eligible”), the Grantee’s Restricted Stock

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Units shall, notwithstanding his or her Termination for any reason other than
Cause prior to any applicable vesting date, continue to vest in accordance with
Section 3; provided, however, that if the Company becomes aware of circumstances
that would have given rise to the Grantee’s Termination for Cause, any
Restricted Stock Units that remain unvested as of the date of the Company’s
becoming aware of such circumstances shall be forfeited for no consideration. In
addition, the Grantee’s portion of applicable payroll (FICA) taxes shall be
withheld from the Grantee’s first paycheck to be disbursed immediately following
the Grantee’s becoming Retirement Eligible, or such earlier date as may be
required by applicable law, as determined by the Company in its sole discretion.
For this purpose, the amount of payroll taxes due shall be based on the Fair
Market Value of the Shares underlying the Restricted Stock Units that remained
unvested as of immediately prior to the date on which the tax is assessed in
accordance with the preceding sentence.

(c)    Subject to the remainder of this Section 5, if the Grantee incurs a
Termination due to death or Disability, the portion of the Grantee’s Restricted
Stock Units that have not previously vested shall become vested in full as of
the date of the Grantee’s death or Termination due to Disability.

6.
Prohibited Activities

(a)    No Sale or Transfer. Unless otherwise required by law, the Restricted
Stock Units shall not be (i) sold, transferred or otherwise disposed of, (ii)
pledged or otherwise hypothecated or (iii) subject to attachment, execution or
levy of any kind, other than by will or by the laws of descent or distribution;
provided, however, that any transferred Restricted Stock Units will be subject
to all of the same terms and conditions as provided in the Plan and this Award
Agreement and the Grantee’s estate or beneficiary appointed in accordance with
the Plan will remain liable for any withholding tax that may be imposed by any
federal, state or local tax authority.

(b)    Right to Terminate Restricted Stock Units and Recovery. The Grantee
understands and agrees that the Company has granted the Restricted Stock Units
to the Grantee to reward the Grantee for the Grantee’s future efforts and
loyalty to the Company and its affiliates by giving the Grantee the opportunity
to participate in the potential future appreciation of the Company. Accordingly,
if (a) the Grantee materially violates the Grantee’s obligations relating to the
non-disclosure or non-use of confidential or proprietary information under any
Restrictive Agreement to which the Grantee is a party, or (b) the Grantee
materially breaches or violates the Grantee’s obligations relating to
non-disparagement under any Restrictive Agreement to which the Grantee is a
party, or (c) the Grantee engages in any activity prohibited by this Section 6
of this Award Agreement, or (d) the Grantee materially breaches or violates any
non-solicitation obligations under any Restrictive Agreement to which the
Grantee is a party, or e) the Grantee is convicted of a felony against the
Company or any of its affiliates or (f) the Grantee breaches or violates any
non-competition obligations under any Restrictive Agreement to which the Grantee
is a party (as applicable), then, in addition to any other rights and remedies
available to the Company, the Company shall be entitled, at its option,
exercisable by written notice, to terminate the Restricted Stock Units
(including the vested portion of the Restricted Stock Units) without
consideration, which shall be of no further force and effect. “Restrictive
Agreement” shall mean (i) for any Grantee who is not a resident of the State of
California, any agreement between the Company or any Subsidiary and

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the Grantee that contains non-competition, non-solicitation, non-hire,
non-disparagement, or confidentiality restrictions applicable to the Grantee and
(ii) for any Grantee who is a resident of the State of California, any agreement
between the Company or any Subsidiary and the Grantee that contains
non-solicitation, non-hire, non-disparagement, or confidentiality restrictions
applicable to the Grantee.

(c)    Other Remedies. The Grantee specifically acknowledges and agrees that its
remedies under this Section 6 shall not prevent the Company or any Subsidiary
from seeking injunctive or other equitable relief in connection with the
Grantee’s breach of any Restrictive Agreement. In the event that the provisions
of this Section 6 should ever be deemed to exceed the limitation provided by
applicable law, then the Grantee and the Company agree that such provisions
shall be reformed to set forth the maximum limitations permitted.

7.
No Rights as Stockholder

The Grantee shall have no rights as a stockholder with respect to the Shares
covered by the Restricted Stock Units until the effective date of issuance of
the Shares and the entry of the Grantee’s name as a shareholder of record on the
books of the Company following delivery of the Shares in settlement of the
Restricted Stock Units. Additionally, as a condition to the issuance of any
Shares covered by the Restricted Stock Units, the Company reserves the right to
require the Grantee to become a party to the Company’s Second Amended and
Restated Stockholders’ Agreement dated as of December 11, 2014 and the Company’s
Second Amended and Restated Registration Rights Agreement dated as of October
16, 2017, in each case, as may be amended from time to time.
 
8.
Taxation Upon Settlement of the Restricted Stock Units; Tax Withholding;
Parachute Tax Provisions

The Grantee understands that the Grantee will recognize income, for Federal,
state and local income tax purposes, as applicable, in respect of the vesting
and/or settlement of the Restricted Stock Units. The acceptance of the Shares by
the Grantee shall constitute an agreement by the Grantee to report such income
in accordance with then applicable law and to cooperate with Company and its
subsidiaries in establishing the amount of such income and corresponding
deduction to the Company and/or its subsidiaries for its income tax purposes.

The Grantee is responsible for all tax obligations that arise as a result of the
vesting and settlement of the Restricted Stock Units. The Company may withhold
from any amount payable to the Grantee an amount sufficient to cover any
Federal, state or local withholding taxes which may become required with respect
to such vesting and settlement or take any other action it deems necessary to
satisfy any income or other tax withholding requirements as a result of the
vesting and settlement of the Restricted Stock Units. The Company shall have the
right to require the payment of any such taxes and require that the Grantee, or
the Grantee’s beneficiary, to furnish information deemed necessary by the
Company to meet any tax reporting obligation as a condition to delivery of any
Shares pursuant to settlement of the Restricted Stock Units. The Grantee may pay
his or her withholding tax obligation in connection with the vesting and
settlement of the Restricted Stock Units, by making a cash payment to the
Company. In addition, the Committee, in its sole discretion,

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may allow the Grantee, to pay his or her withholding tax obligation in
connection with the vesting and settlement of the Restricted Stock Units, by (x)
having withheld a portion of the Shares then issuable to him or her upon
settlement of the Restricted Stock Units or (z) surrendering Shares that have
been held by the Grantee for at least six (6) months (or such lesser period as
may be permitted by the Committee) prior to the settlement of the Restricted
Stock Units, in each case having an aggregate Fair Market Value equal to the
withholding taxes.

In connection with the grant of the Restricted Stock Units, the parties wish to
memorialize their agreement regarding the treatment of any potential golden
parachute payments as set forth in Exhibit 1 attached hereto.

9.
Securities Laws

Upon the acquisition of any Shares pursuant to the settlement of the Restricted
Stock Units, the Grantee will make such written representations, warranties, and
agreements as the Committee may reasonably request in order to comply with
securities laws or with this Award Agreement. Grantee hereby agrees not to
offer, sell or otherwise attempt to dispose of any Shares issued to the Grantee
upon settlement of the Restricted Stock Units in any way which would: (x)
require the Company to file any registration statement with the Securities and
Exchange Commission (or any similar filing under state law or the laws of any
other county) or to amend or supplement any such filing or (y) violate or cause
the Company to violate the Securities Act of 1933, as amended, the Securities
Exchange Act of 1934, as amended, the rules and regulations promulgated
thereunder, or any other Federal, state or local law, or the laws of any other
country. The Company reserves the right to place restrictions on any Shares the
Grantee may receive as a result of the settlement of the Restricted Stock Units.

10.
Modification, Amendment, and Termination of Restricted Stock Units

Except as set forth in Section 12(b) hereof, this Award Agreement may not be
modified, amended, terminated and no provision hereof may be waived in whole or
in part except by a written agreement signed by the Company and the Grantee and
no modification shall, without the consent of the Grantee, alter to the
Grantee’s material detriment or materially impair any rights of the Grantee
under this Award Agreement except to the extent permitted under the Plan.

11.
Notices

Unless otherwise provided herein, any notices or other communication given or
made pursuant to the Notice, this Award Agreement or the Plan shall be in
writing and shall be deemed to have been duly given (i) as of the date
delivered, if personally delivered (including receipted courier service) or
overnight delivery service, with confirmation of receipt; (ii) on the date the
delivering party receives confirmation, if delivered by facsimile to the number
indicated or by email to the address indicated or through an electronic
administrative system designated by the Company; (iii) one (1) business day
after being sent by reputable commercial overnight delivery service courier,
with confirmation of receipt; or (iv) three (3) business days after being mailed
by registered or certified

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mail, return receipt requested, postage prepaid and addressed to the intended
recipient as set forth below:
 
(a)    If to the Company at the address below:

Evoqua Water Technologies Corp.
210 Sixth Avenue
Pittsburgh, Pennsylvania
Phone: (724) 772-0044
Attention: General Counsel
 
(b)    If to the Grantee, at the most recent address, facsimile number or email
contained in the Company’s records.

12.
Award Agreement Subject to Plan and Applicable Law

(a)    This Award Agreement is made pursuant to the Plan and shall be
interpreted to comply therewith. A copy of the Plan is attached hereto. Any
provision of this Award Agreement inconsistent with the Plan shall be considered
void and replaced with the applicable provision of the Plan. The Plan shall
control in the event there shall be any conflict between the Plan, the Notice,
and this Award Agreement, and it shall control as to any matters not contained
in this Award Agreement. The Committee shall have authority to make
constructions of this Award Agreement, and to correct any defect or supply any
omission or reconcile any inconsistency in this Award Agreement, and to
prescribe rules and regulations relating to the administration of this Award and
other Awards granted under the Plan.

(b)    For the avoidance of doubt, with respect to any Grantee outside of the
U.S., if the application of the vesting provision as set forth in Section 5(b)
hereof is invalid or impracticable under applicable local law, the terms of
Section 5(b) hereof shall either be amended or be deemed not to apply to such
Grantee, as determined in the sole discretion of the Committee. All
determinations made and actions taken with respect to this Section 12(b) shall
be made in the sole discretion of the Committee.

(c)    This Award Agreement shall be governed by the laws of the State of
Delaware, without regard to the conflicts of law principles thereof, and subject
to the exclusive jurisdiction of the courts therein. The Grantee hereby consents
to personal jurisdiction in any action brought in any court, federal or state,
within the State of Delaware having subject matter jurisdiction in the matter.

13.
Section 409A

The Restricted Stock Units are intended to be exempt from Section 409A of the
Internal Revenue Code of 1986, as amended (the “Code”) and, accordingly, to the
maximum extent permitted, this Award Agreement shall be interpreted to be exempt
from Section 409A of the Code or, if not exempt, in compliance therewith.
Nothing contained herein shall constitute any representation or warranty

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by the Company regarding compliance with Section 409A of the Code. The Company
shall have no obligation to take any action to prevent the assessment of any
additional income tax, interest or penalties under Section 409A of the Code on
any Person and the Company, its Subsidiaries and affiliates, and each of their
respective employees and representatives, shall have no liability to the Grantee
with respect thereto.
 
14.
Headings and Capitalized Terms

Unless otherwise provided herein, capitalized terms used herein that are defined
in the Plan and not defined herein shall have the meanings set forth in the
Plan. Headings are for convenience only and are not deemed to be part of this
Award Agreement. Unless otherwise indicated, any reference to a Section herein
is a reference to a Section of this Award Agreement.
 
15.
Severability and Reformation

If any provision of this Award Agreement shall be determined by a court of law
of competent jurisdiction to be unenforceable for any reason, such
unenforceability shall not affect the enforceability of any of the remaining
provisions hereof; and this Award Agreement, to the fullest extent lawful, shall
be reformed and construed as if such unenforceable provision, or part thereof,
had never been contained herein, and such provision or part thereof shall be
reformed or construed so that it would be enforceable to the maximum extent
legally possible.

16.
Binding Effect

This Award Agreement shall be binding upon the parties hereto, together with
their personal executors, administrator, successors, personal representatives,
heirs and permitted assigns.

17.
Entire Agreement

This Award Agreement, together with the Plan, supersedes all prior written and
oral agreements and understandings among the parties as to its subject matter
and constitutes the entire agreement of the parties with respect to the subject
matter hereof. If there is any conflict between the Notice, this Award Agreement
and the Plan, then the applicable terms of the Plan shall govern.
 
18.
Waiver

Waiver by any party of any breach of this Award Agreement or failure to exercise
any right hereunder shall not be deemed to be a waiver of any other breach or
right whether or not of the same or a similar nature. The failure of any party
to take action by reason of such breach or to exercise any such right shall not
deprive the party of the right to take action at any time while or after such
breach or condition giving rise to such rights continues.

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Exhibit 1

PARACHUTE TAX PROVISIONS

This Exhibit 1 sets forth the terms and provisions applicable to the Grantee
pursuant to the provisions of Section 8 of the Award Agreement. This Exhibit 1
shall be subject in all respects to the terms and conditions of the Award
Agreement.

(a)    To the extent that the Grantee, would otherwise be eligible to receive a
payment or benefit pursuant to the terms of this Award Agreement, any employment
or other agreement with the Company or any Subsidiary or otherwise in connection
with, or arising out of, the Grantee’s employment with the Company or a change
in ownership or effective control of the Company or of a substantial portion of
its assets (any such payment or benefit, a “Parachute Payment”), that a
nationally recognized United States public accounting firm selected by the
Company (the “Accountants”) determines, but for this sentence would be subject
to excise tax imposed by Section 4999 of the Code (the “Excise Tax”), subject to
clause (c) below, then the Company shall pay to the Grantee whichever of the
following two alternative forms of payment would result in the Grantee’s
receipt, on an after-tax basis, of the greater amount of the Parachute Payment
notwithstanding that all or some portion of the Parachute Payment may be subject
to the Excise Tax: (1) payment in full of the entire amount of the Parachute
Payment (a “Full Payment”), or (2) payment of only a part of the Parachute
Payment so that the Grantee receives the largest payment possible without the
imposition of the Excise Tax (a “Reduced Payment”).

(b)    If a reduction in the Parachute Payment is necessary pursuant to clause
(a), then the reduction shall occur in the following order: (1) cancellation of
acceleration of vesting on any equity awards for which the exercise price
exceeds the then fair market value of the underlying equity; (2) reduction of
cash payments (with such reduction being applied to the payments in the reverse
order in which they would otherwise be made, that is, later payments shall be
reduced before earlier payments); and (3) cancellation of acceleration of
vesting of equity awards not covered under (1) above; provided, however, that in
the event that acceleration of vesting of equity awards is to be cancelled,
acceleration of vesting of full value awards shall be cancelled before
acceleration of options and stock appreciation rights and within each class such
acceleration of vesting shall be cancelled in the reverse order of the date of
grant of such equity awards, that is, later equity awards shall be canceled
before earlier equity awards; and provided, further, that to the extent
permitted by Code Section 409A and Sections 280G and 4999 of the Code, if a
different reduction procedure would be permitted without violating Code Section
409A or losing the benefit of the reduction under Sections 280G and 4999 of the
Code, the Grantee may designate a different order of reduction.

(c)    For purposes of determining whether any of the Parachute Payments
(collectively the “Total Payments”) will be subject to the Excise Tax and the
amount of such Excise Tax, (i) the Total Payments shall be treated as “parachute
payments” within the meaning of Section 280G(b)(2) of the Code, and all
“parachute payments” in excess of the “base amount” (as defined under Section
280G(b)(3) of the Code) shall be treated as subject to the Excise Tax, unless
and except to the extent that, in the opinion of the Accountants, such Total
Payments (in whole or in part): (1) do not constitute “parachute payments,”
including giving effect to the recalculation of stock options

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in accordance with Treasury Regulation Section 1.280G-1, Q&A 33, (2) represent
reasonable compensation for services actually rendered within the meaning of
Section 280G(b)(4) of the Code in excess of the “base amount” or (3) are
otherwise not subject to the Excise Tax, and (ii) the value of any non-cash
benefits or any deferred payment or benefit shall be determined by the
Accountants in accordance with the principles of Section 280G of the Code.

(d)    All determinations hereunder shall be made by the Accountants, which
determinations shall be final and binding upon the Company and the Grantee.

(e)    The federal tax returns filed by the Grantee (and any filing made by a
consolidated tax group which includes the Company) shall be prepared and filed
on a basis consistent with the determination of the Accountants with respect to
the Excise Tax payable by the Grantee. The Grantee shall make proper payment of
the amount of any Excise Tax, and at the request of the Company, provide to the
Company true and correct copies (with any amendments) of his or her federal
income tax return as filed with the Internal Revenue Service, and such other
documents reasonably requested by the Company, evidencing such payment (provided
that the Grantee may delete information unrelated to the Parachute Payment or
Excise Tax and provided, further that the Company at all times shall treat such
returns as confidential and use such return only for purpose contemplated by
this paragraph).

(f)    In the event of any controversy with the Internal Revenue Service (or
other taxing authority) with regard to the Excise Tax, the Grantee shall permit
the Company to control issues related to the Excise Tax (at its expense),
provided that such issues do not potentially materially adversely affect the
Grantee but the Grantee shall control any other issues. In the event that the
issues are interrelated, the Grantee and the Company shall in good faith
cooperate so as not to jeopardize resolution of either issue. In the event of
any conference with any taxing authority as to the Excise Tax or associated
income taxes, the Grantee shall permit the representative of the Company to
accompany the Grantee, and the Grantee and his representative shall cooperate
with the Company and its representative.

(g)    The Company shall be responsible for all charges of the Accountants.

(h)    The Company and the Grantee shall promptly deliver to each other copies
of any written communications, and summaries of any verbal communications, with
any taxing authority regarding the Excise Tax covered by this Exhibit 1.

(i)    Nothing in this Exhibit 1 is intended to violate the Sarbanes-Oxley Act
of 2002 and to the extent that any advance or repayment obligation hereunder
would do so, such obligation shall be modified so as to make the advance a
nonrefundable payment to the Grantee and the repayment obligation null and void.

(j)    Notwithstanding the foregoing, any payment or reimbursement made pursuant
to this Exhibit 1 shall be paid to the Grantee promptly and in no event later
than the end of the calendar year next following the calendar year in which the
related tax is paid by the Grantee or where no taxes are required to be
remitted, the end of the Grantee’s calendar year following the Grantee’s

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calendar year in which the audit is completed or there is a final and
nonappealable settlement or other resolution of the litigation.

(k)    The provisions of this Exhibit 1 shall survive the termination of the
Grantee’s employment with the Company for any reason and the termination of the
Award Agreement.