EX-10.1


 Exhibit 10.1 

Total System Services, Inc. 
 2017 Omnibus
Plan 
 Effective April 27, 2017 






 Contents 
  

 

					
	 Section 1. Establishment, Purpose and Duration
	  	 	1	 
	 Section 2. Definitions
	  	 	1	 
	 Section 3. Administration
	  	 	6	 
	 Section 4. Shares Subject to This Plan and Maximum Awards
	  	 	8	 
	 Section 5. Eligibility and Participation
	  	 	11	 
	 Section 6. Stock Options
	  	 	11	 
	 Section 7. Stock Appreciation Rights
	  	 	13	 
	 Section 8. Restricted Stock
	  	 	13	 
	 Section 9. Restricted Stock Units
	  	 	15	 
	 Section 10. Performance Shares
	  	 	16	 
	 Section 11. Performance Units
	  	 	16	 
	 Section 12. Other Stock-Based Awards and Cash-Based Awards
	  	 	17	 
	 Section 13. Effect of Termination of Service
	  	 	18	 
	 Section 14. Transferability of Awards and Shares
	  	 	18	 
	 Section 15. Performance-Based Compensation and Compliance with Code Section 162(m)
	  	 	19	 
	 Section 16. Non-employee Director Awards
	  	 	21	 
	 Section 17. Effect of a Change in Control
	  	 	22	 
	 Section 18. Dividends and Dividend Equivalents
	  	 	24	 
	 Section 19. Beneficiary Designation
	  	 	25	 
	 Section 20. Rights of Participants
	  	 	25	 
	 Section 21. Amendment and Termination
	  	 	26	 
	 Section 22. General Provisions
	  	 	27	 







 Total System Services, Inc. 

2017 Omnibus Plan 
 Section 1. Establishment, Purpose
and Duration 
 1.1     Establishment. Total System Services, Inc., a Georgia corporation, establishes an incentive
compensation plan to be known as the Total System Services, Inc. 2017 Omnibus Plan, as set forth in this document. This Plan permits the grant of various forms of equity- and cash-based awards. This Plan shall become effective upon shareholder
approval (the “Effective Date”) and shall remain in effect as provided in Section 1.3. This Plan and each Award granted hereunder are conditioned on and shall be of no force or effect until this Plan is approved by the
shareholders of the Company. 
 1.2     Purpose of this Plan. The purpose of this Plan is to foster and promote the
long-term financial success of the Company by (a) motivating superior performance by means of performance-related incentives, (b) encouraging and providing for the acquisition of an ownership interest in the Company by Participants, and
(c) enabling the Company to attract and retain qualified and competent persons as employees of the Company and to serve as members of the Board and whose judgment, interest and performance are required for the successful operations of the
Company. 
 1.3     Duration of this Plan. Unless sooner terminated as provided herein, this Plan shall terminate ten
(10) years after the Effective Date. After this Plan is terminated, no Awards may be granted but Awards previously granted shall remain outstanding in accordance with their applicable terms and conditions and this Plan’s terms and
conditions. 
 1.4     Prior Plan. Effective as of the Effective Date, the Total System Services, Inc. 2012 Omnibus Plan
(the “Prior Plan”), will be frozen and no further awards will be issued thereunder. Awards issued pursuant to the Prior Plan shall remain outstanding and shall be administered in accordance with the terms of the Prior Plan and applicable
award agreements thereunder. 
 Section 2. Definitions 

Whenever used in this Plan, the following terms shall have the meanings set forth below, and when the meaning is intended, the initial letter of the
word shall be capitalized. 
 2.1     “Affiliate” shall mean any corporation or other entity (including, but not
limited to, a partnership or a limited liability company) that is affiliated with the Company through stock or equity ownership or otherwise, and is designated as an Affiliate for purposes of this Plan by the Committee; provided that with respect to
a grant of Options or Stock Appreciation Rights under Sections 6 and 7 respectively, “Affiliate” means any corporation or other entity (including, but not limited to, a partnership or a limited liability company) in which the Company has
at least a 50% equity ownership. 
 2.2     “Award” means a grant under this Plan of Nonqualified Stock Options,
Incentive Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Shares, Performance Units, Cash-Based Awards or Other Stock-Based Awards, in each case subject to the terms of this Plan. 






 2.3     “Award Agreement” means a written or electronic agreement
entered into by the Company and a Participant, or a written or electronic statement issued by the Company to a Participant, which in either case contains (either expressly or by reference to this Plan or any subplan created hereunder) the terms and
provisions applicable to an Award granted under this Plan, including any amendment or modification thereof. The Committee may provide for the use of electronic, Internet or other non-paper Award Agreements, and the use of electronic, Internet or
other non-paper means for the acceptance thereof and actions thereunder by a Participant (including, but not limited to, the use of electronic signatures). 

2.4     “Beneficial Owner” shall have the meaning ascribed to such term in Rule 13d-3 of the General Rules and
Regulations under the Exchange Act and the terms “Beneficial Ownership” and “Beneficially Own” shall have the corresponding meanings. 

2.5     “Board” means the Board of Directors of the Company. 

2.6     “Cash-Based Award” means an Award, denominated in cash, granted to a Participant as described in
Section 12. 
 2.7     A “Change in Control” means, except as may otherwise be provided in an Award
Agreement, the occurrence of any one of the following events: 
 (a) the acquisition by any Person (other than the Company or a Subsidiary or any
Company employee benefit plan (including its trustee)), of Beneficial Ownership, directly or indirectly, of securities of the Company representing 30% or more of the total number of shares of the Company’s then outstanding securities; 

(b) individuals who, as of April 27, 2017, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a
majority of the Board; provided, however, that any individual becoming a Director subsequent to the date hereof whose election, or nomination for election by the Company’s shareholders, was approved by a vote of at least two-thirds
(2/3) of the Directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a
result of an actual or threatened election contest with respect to the election or removal of Directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; or 

(c) consummation of a reorganization, merger or consolidation or sale or other disposition of all or substantially all of the assets or stock of the
Company (a “Business Combination”), in each case, unless, following such Business Combination, (i) all or substantially all of the individuals and entities who were the Beneficial Owners, respectively, of the total number of shares of
the Company’s outstanding securities immediately prior to such Business Combination Beneficially Own, directly or indirectly, more than fifty percent (50%) of the total number of shares of the then outstanding securities of the corporation
resulting from such Business Combination (including, without limitation, a corporation which as a result of such transaction owns the Company or all or substantially all of the Company’s assets either directly or through one or more
subsidiaries) in substantially the same proportions as their ownership of the total number of shares of the Company’s outstanding securities immediately prior to such Business Combination, (ii) no Person (excluding any corporation
resulting from such Business Combination, or any employee benefit plan (including its trustee) of the Company or such 

  
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corporation resulting from such Business Combination) Beneficially Owns, directly or indirectly, 30% or more of, respectively, the total number of shares of the then outstanding securities of the
corporation resulting from such Business Combination except to the extent that such ownership existed prior to the Business Combination and (iii) at least a majority of the members of the board of directors of the corporation resulting from
such Business Combination were Directors of the Company immediately prior to the signing of the agreement providing for such Business Combination. 

Notwithstanding the foregoing, to the extent that any Award constitutes a deferral of compensation subject to Code Section 409A, and if that Award
provides for a change in the time or form of payment based upon a Change in Control, then, solely for purposes of applying such change in the time or form of payment provision, a Change in Control shall be deemed to have occurred upon an event
described in Section 2.7 only if the event would also constitute a change in ownership or effective control of, or a change in ownership of a substantial portion of the assets of, the Company under Code Section 409A. 

A “Change of Control” shall not result from any transaction precipitated by the Company’s insolvency, appointment of a conservator, or
determination by a regulatory agency that the Company is insolvent, nor from any transaction initiated by the Company in regard to converting from a publicly traded company to a privately held company. 

2.8     “Code” means the U.S. Internal Revenue Code of 1986, as amended from time to time. For purposes of this
Plan, references to sections of the Code shall be deemed to include references to any applicable regulations thereunder and any successor or similar provision. 

2.9     “Commission” means the Securities and Exchange Commission. 

2.10   “Committee” means the Compensation Committee of the Board or a subcommittee thereof or any other committee
designated by the Board to administer this Plan. The members of the Committee shall be appointed from time to time by and shall serve at the discretion of the Board. If the Committee does not exist or cannot function for any reason, the Board may
take any action under this Plan that would otherwise be the responsibility of the Committee. Each member of the Committee shall be (i) an independent director within the meaning of the rules and regulations of the New York Stock Exchange (or
such other national securities exchange which is the principal market on which the Shares are then traded), (ii) a non-employee director within the meaning of Exchange Act Rule 16b-3, and (iii) an outside director for purposes of Code
Section 162(m). 
 2.11   “Company” means Total System Services, Inc., and any successor thereto as provided in
Section 22.21. 
 2.12   “Covered Employee” means a Participant designated by the Committee at or prior to the time an
Award is granted to him or her hereunder who is or is likely to become a “covered employee” as defined in Code Section 162(m) and for whom such Award has been designated as Performance-Based Compensation in accordance with
Section 15. 
 2.13   “Director” means any individual who is a member of the Board. 

2.14   “Dividend Equivalent” has the meaning set forth in Section 18. 

  
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 2.15     “Effective Date” has the meaning set forth in
Section 1.1. 
 2.16     “Employee” means any individual performing services for the Company or a Subsidiary
or Affiliate and designated as an employee of the Company, the Affiliate or the Subsidiary on its payroll records. An Employee shall not include any individual during any period he or she is classified or treated by the Company, Affiliate or
Subsidiary as an independent contractor, a consultant or an employee of an employment, consulting or temporary agency or any other entity other than the Company, Affiliate or Subsidiary, without regard to whether such individual is subsequently
determined to have been, or is subsequently retroactively reclassified, as a common-law employee of the Company, Affiliate or Subsidiary during such period. 

2.17     “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time. 

2.18     “Exercise Price” means the price at which a Share may be purchased by a Participant pursuant to an Option.

 2.19     “Fair Market Value” means, as applied to a specific date and unless otherwise specified in an Award
Agreement, the price of a Share that is equal to the closing price of a Share on the New York Stock Exchange (“NYSE”) (or, on such other national securities exchange that is the primary trading market for the Shares, if Shares are not then
listed on the NYSE) on the date of determination, or if no sales of Shares shall have occurred on such exchange on the date of determination, the closing price of the Shares on such exchange on the most recent date on which the Shares were publicly
traded. Notwithstanding the foregoing, if Shares are not traded on any established stock exchange, the Fair Market Value means the price of a Share as established by the Committee acting in good faith based on a reasonable valuation method that is
consistent with the requirements of Code Section 409A and the regulations thereunder. 
 2.20     “Grant
Date” means the date an Award to a Participant pursuant to this Plan is approved by the Committee (or such later date as specified in such approval by the Committee) or, in the case of an Award granted to a Non-employee Director, the date
on which such Award is approved by the Board (or such later date as specified in such approval by the Board). 
 2.21    
“Grant Price” means the per Share price established at the time of grant of a SAR pursuant to Section 7. 

2.22     “Incentive Stock Option” or “ISO” means an Award granted pursuant to Section 6 that
is designated as an Incentive Stock Option and that is intended to meet the requirements of Code Section 422 or any successor provision. 

2.23     “Non-employee Director” means a Director who is not an Employee. 

2.24     “Nonqualified Stock Option” means an Award granted pursuant to Section 6 that is not intended to meet
the requirements of Code Section 422, or that otherwise does not meet such requirements. 

  
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 2.25     “Option” means an Award consisting of a right granted to a
Participant pursuant to Section 6 to purchase a specified number of Shares at a specified price, which Award may be an Incentive Stock Option or a Nonqualified Stock Option. 

2.26     “Other Stock-Based Award” means an equity-based or equity-related Award not otherwise described by the
terms of this Plan that is granted pursuant to Section 12. 
 2.27     “Participant” means any eligible
individual as set forth in Section 5 to whom an Award is granted. 
 2.28     “Performance-Based
Compensation” with respect to Covered Employees, means compensation under an Award that is intended to satisfy the requirements of Code Section 162(m) for certain performance-based compensation paid to Covered Employees.
Notwithstanding the foregoing, nothing in this Plan shall be construed to mean that an Award that does not satisfy the requirements for performance-based compensation under Code Section 162(m) does not constitute performance-based compensation
for other purposes, including Code Section 409A. 
 2.29     “Performance Measures” means measures, as
described in Section 15.2, upon which performance goals are based and that are approved by the Company’s shareholders pursuant to this Plan in order to qualify Awards as Performance-Based Compensation. 

2.30     “Performance Period” means the period of time during which pre-established performance goals must be met
in order to determine the degree of payout and/or vesting with respect to an Award. 
 2.31     “Performance
Shares” means an Award granted pursuant to Section 10. 
 2.32     “Performance Unit” means an
Award granted pursuant to Section 11. 
 2.33     “Period of Restriction” means the period when Restricted
Stock or Restricted Stock Units are subject to a vesting requirement (based on continued service, the achievement of performance goals or upon the occurrence of other events as determined by the Committee, in its discretion) as provided in Sections
8 and 9. 
 2.34     “Person” shall have the meaning ascribed to such term in Section 3(a)(9) of the
Exchange Act and used in Sections 13(d) and 14(d) thereof, including a “group” as defined in Section 13(d) thereof. 

2.35     “Plan” means this Total System Services, Inc. 2017 Omnibus Plan, as the same may be amended from time to
time. 
 2.36     “Restricted Stock” means Shares issued to a Participant that are subject to an Award granted
pursuant to Section 8 and to such restrictions on transfer, forfeiture conditions and other restrictions or limitations as may be set forth in this Plan and the applicable Award Agreement. 

  
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 2.37    “Restricted Stock Unit” means the right under an Award granted
pursuant to Section 9 to receive at a future time one Share, or the Fair Market Value thereof, subject to such restrictions on transfer, forfeiture conditions and other restrictions or limitations as may be set forth in this Plan and the
applicable Award Agreement. 
 2.38    “Share” means a share of common stock, par value $0.10 per share, of the
Company. 
 2.39    “Stock Appreciation Right” or “SAR” means the right under an Award granted
pursuant to Section 7 to receive, in cash and/or Shares as determined by the Committee, an amount equal to the appreciation in value of a specified number of Shares between the Grant Date of the SAR and its exercise date. 

2.40    “Subsidiary” means any corporation or other entity, whether domestic or foreign, in which the Company has
or obtains, directly or indirectly, ownership of more than 50% of the total combined voting power of all classes of stock or comparable interests. 

2.41    “Substitute Award” means an Award granted upon the assumption of, or in substitution or exchange for,
outstanding awards granted by a company or other entity acquired by the Company or any Subsidiary or Affiliate or with which the Company or any Subsidiary or Affiliate combines. 

2.42    “Termination of Service” means the following: 

(a) for an Employee, the date on which the Employee is no longer an Employee; and 

(b) for a Non-employee Director, the date on which the Non-employee Director is no longer a member of the Board. 

With respect to any payment of an Award subject to Code Section 409A, a Termination of Service shall mean a “separation from service” within the meaning
of Code Section 409A. 
 3. Administration 

3.1    General. The Committee shall be responsible for administering this Plan, subject to this Section 3 and the other
provisions of this Plan. The Committee may employ attorneys, consultants, accountants, agents and other individuals, any of whom may be an Employee, and the Committee, the Company, and its officers and Directors shall be entitled to rely upon the
advice, opinions or valuations of any such individuals. All actions taken and all interpretations and determinations made by the Committee shall be final and binding upon the Participants, the Company or Subsidiary, and all other interested
individuals. Any action of the Committee shall be valid and effective even if the members of the Committee at the time of such action are later determined not to have satisfied all of the criteria for membership in clauses (i), (ii) and
(iii) of Section 2.10. 
 3.2    Authority of the Committee. Subject to any express limitations set forth in this
Plan, the Committee shall have full and exclusive discretionary power and authority to take such actions as it deems necessary and advisable with respect to the administration of this Plan including, but not limited to, the following: 

(a) To determine from time to time which of the persons eligible under this Plan shall be granted Awards, when and how each Award shall be granted, what
type or combination of types of Awards shall be granted, the provisions of each Award granted (which need not be identical), including the time or times when a person shall be permitted to receive Shares pursuant to an Award and the number of Shares
subject to an Award; 

  
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 (b) To construe and interpret this Plan and Awards granted under it, and to establish, amend, and revoke
rules and regulations for its administration; 
 (c) To correct any defect, omission or inconsistency in this Plan or in an Award Agreement, in a
manner and to the extent it shall deem necessary or expedient to make this Plan fully effective; 
 (d) To approve forms of Award Agreements for use
under this Plan; 
 (e) To determine the Fair Market Value of a Share; 

(f) To amend any Award Agreement as permitted under this Plan; 

(g) To adopt sub-plans and/or special provisions applicable to stock awards regulated by the laws of a jurisdiction other than and outside of the United
States, to Cash-Based Awards, or to awards to Directors (as contemplated by Section 16). Such sub-plans and/or special provisions shall be subject to and consistent with the terms of this Plan, except to the extent the Committee determines that
different terms and conditions are necessary or desirable to comply with the laws of a jurisdiction other than and outside of the United States; 

(h) To authorize any person to execute on behalf of the Company any instrument required to effect the grant of an Award; 

(i) To determine whether Awards will be settled in Shares of common stock, cash or in any combination thereof; 

(j) To determine whether Awards will provide for Dividend Equivalents; 

(k) To establish a program whereby Participants designated by the Committee may reduce compensation otherwise payable in cash in exchange for Awards
under this Plan; 
 (l) To authorize a program permitting eligible Participants to surrender outstanding Awards in exchange for newly granted Awards
subject to any applicable shareholder approval requirements set forth in Section 21.1 of this Plan; 
 (m) To impose such restrictions,
conditions or limitations as it determines appropriate as to the timing and manner of any resales by a Participant or other subsequent transfers by a Participant of any Shares, including, without limitation, restrictions under an insider trading
policy and restrictions as to the use of a specified brokerage firm for such resales or other transfers; 

  
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 (n) To waive any restrictions, conditions or limitations imposed on an Award at the time the Award is
granted or at any time thereafter including but not limited to forfeiture, vesting and treatment of Awards upon a Termination of Service; 
 (o) To
permit Participants to elect to defer payments of Awards; provided that any such deferrals shall comply with applicable requirements of the Code, including Code Section 409A; and 

(p) To certify the satisfaction of performance goals for purposes of satisfying the requirements of Code Section 162(m). 

3.3    Delegation. To the extent permitted by law, the Committee may delegate to one or more of its members or to one or more
officers of the Company or any Subsidiary or to one or more agents or advisors such administrative duties or powers as it may deem advisable, and the Committee or any individuals to whom it has delegated duties or powers as aforesaid may employ one
or more individuals to render advice with respect to any responsibility the Committee or such individuals may have under this Plan. To the extent permitted by applicable law and the applicable rules of a stock exchange, the Committee may, by
resolution, authorize one or more officers of the Company to do one or both of the following on the same basis as can the Committee: (a) designate Employees to be recipients of Awards; and (b) determine the size of any such Awards;
provided, however, (i) the Committee shall not delegate such responsibilities to any such officer for Awards granted to a Non-employee Director, an Employee who is considered a Covered Employee, or an officer (as defined in Rule
16a-1(f) of the Exchange Act); (ii) the resolution providing such authorization sets forth the total number of Awards such officer(s) may grant; and (iii) the officer(s) shall report periodically to the Committee regarding the nature and
scope of the Awards granted pursuant to the authority delegated. 
 Section 4. Shares Subject to This Plan and Maximum Awards 

4.1    Number of Shares Authorized and Available for Awards. Subject to adjustment as provided under Section 4.4, the
total number of Shares that may be the subject of Awards and issued under this Plan shall be 15,000,000 Shares. Such Shares may be authorized and unissued Shares or treasury Shares. Any of the authorized Shares may be used for any type of Award
under this Plan, and any or all of the Shares may be allocated to Incentive Stock Options. Solely for the purpose of determining the number of Shares available for Awards under this Section 4.1, the number of shares available for issuance under
this Plan shall be reduced by one (1.00) Share for every one (1.00) Share granted in respect of an Award, provided however that in the case of an Award that provides for a range of potential Share payouts the Committee shall determine the
extent to which the number of Shares available for issuance under this Plan shall be reduced by Shares granted in respect of such an Award. 

4.2    Share Usage. In determining the number of Shares available for grant under this Plan at any time, the following rules
shall apply: 
 (a) Any Shares subject to an Award granted under this Plan or the Prior Plan that on or after the Effective Date terminates by
expiration, forfeiture, cancellation or otherwise without the issuance of the Shares (or with the forfeiture of Shares in connection with a Restricted Stock Award), is settled in cash in lieu of Shares, or is exchanged with the Committee’s
permission, prior to the issuance of Shares, for an Award not involving Shares shall become available again for grant under this Plan. 

  
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 (b) Any Shares that are withheld by the Company or tendered by a Participant (by either actual delivery or
attestation) on or after the Effective Date (i) to pay the Exercise Price of an Option granted under this Plan or (ii) to satisfy tax withholding obligations associated with an Award granted under this Plan, shall not become available
again for grant under this Plan. 
 (c) Any Shares that were subject to a stock-settled SAR granted under this Plan that were not issued upon the
exercise of such SAR on or after the Effective Date shall not become available again for grant under this Plan. 
 (d) Any Shares that were purchased
by the Company on the open market with the proceeds from the exercise of a Stock Option shall not become available again for grant under this Plan. 

(e) Shares subject to Substitute Awards shall not be counted against the share reserve specified in Section 4.1, nor shall they reduce the Shares
authorized for grant to a Participant in any calendar year. 
 4.3    Annual Award Limits. Subject to adjustment as set
forth in Section 4.4, the following limits (each an “Annual Award Limit” and, collectively, “Annual Award Limits”) shall apply to grants of such Awards under this Plan: 

(a) The maximum aggregate number of Shares for which Options or SARs may be granted to any Participant in any calendar year shall be 4,000,000 Shares
(for avoidance of the doubt, this limit applies, in the aggregate, to all Awards subject to this paragraph (a)). 
 (b) The maximum aggregate number
of Shares that may be subject to Awards of Restricted Stock, Restricted Stock Units, Performance Shares and Other Stock Based Awards that are Performance-Based Compensation and granted to any one Participant in any calendar year shall be 2,000,000
Shares or its cash equivalent, determined as of the date of payment (for avoidance of doubt, this limit applies, in the aggregate, to all forms of Awards subject to this paragraph (b)). The foregoing maximum shall apply to any Performance Period
that is equal to a fiscal year, which maximum shall be adjusted to the corresponding fraction or multiple of that amount for any Performance Period of a different duration. 

(c) The maximum aggregate amount that may be paid to any Participant in any calendar year under an Award of Performance Units, Cash-Based Awards or any
other Award that is payable or denominated in cash, in each case that is Performance-Based Compensation, shall be $6,000,000 determined as of the date of payout (for avoidance of doubt, this limit applies in the aggregate, to all forms of Awards
subject to this paragraph (c)). The foregoing maximum shall apply to any Performance Period that is equal to a fiscal year, which maximum shall be adjusted to the corresponding fraction or multiple of that amount for any Performance Period of a
different duration. To the extent that any form of Award subject to this Section 4.3(c) is to be settled in Shares, either pursuant to the discretion of the Committee or an election by the applicable Participant, compliance with the limit
established by this Section 4.3(c) shall be determined by calculating the dollar value of the Shares to be issued in settlement based on the Fair Market Value of such Shares as of the applicable vesting date. 

  
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 4.4    Adjustments. All Awards shall be subject to the following provisions:

 (a) In the event of any equity restructuring (within the meaning of FASB ASC Topic 718 or any successor provision) that causes the per share value
of Shares to change, such as a stock dividend, stock split, reverse stock split, split up, spin-off, rights offering or recapitalization through an extraordinary dividend, the Committee, in order to prevent dilution or enlargement of
Participants’ rights under this Plan, shall substitute or adjust, as applicable, (i) the number and kind of Shares or other securities that may be issued under this Plan or under particular forms of Award Agreements, (ii) the number
and kind of Shares or other securities subject to outstanding Awards, (iii) the Exercise Price or Grant Price applicable to outstanding Awards, (iv) the Annual Award Limits, and (v) other value determinations applicable to outstanding
Awards. In the event of any other change in corporate capitalization (including, but not limited to, a merger, consolidation, any reorganization (whether or not such reorganization comes within the definition of such term in Code Section 368),
or any partial or complete liquidation of the Company to the extent such events do not constitute equity restructurings or business combinations within the meaning of FASB ASC Topic 718 or any successor provision, such equitable adjustments
described in the foregoing sentence may be made as determined to be appropriate and equitable by the Committee to prevent dilution or enlargement of rights. In either case, any such adjustment shall be conclusive and binding for all purposes of this
Plan. Unless otherwise determined by the Committee, the number of Shares subject to an Award shall always be a whole number. 
 (b) In addition to the
adjustments required and permitted under paragraph (a) above, the Committee, in its sole discretion, may make such other adjustments or modifications in the terms of any Awards that it deems appropriate to reflect any of the events described in
Section 4.4(a), including, but not limited to, (i) modifications of performance goals and changes in the length of Performance Periods, or (ii) the substitution of other property of equivalent value (including, without limitation,
cash, other securities and securities of entities other than the Company that agree to such substitution) for the Shares available under this Plan or the Shares covered by outstanding Awards, including arranging for the assumption, or replacement
with new awards, of Awards held by Participants, but in either case only to the extent permitted by Code Section 162(m) with respect to Awards intended to qualify as Performance-Based Compensation and (iii) in connection with any sale of a
Subsidiary, arranging for the assumption, or replacement with new awards, of Awards held by Participants employed by the affected Subsidiary by the Subsidiary or an entity that controls the Subsidiary following the sale of such Subsidiary. 

(c) Any actions taken under section 4.4 shall be subject to compliance with the rules under Code Sections 409A, 422 and 424, as and where
applicable. The determination of the Committee as to the foregoing adjustments set forth in this Section 4.4, if any, shall be conclusive and binding on Participants under this Plan. 

4.5    Effect of Plans Operated by Acquired Companies. If a company acquired by the Company or any Subsidiary or with which
the Company or any Subsidiary combines has shares available under a pre-existing plan approved by shareholders and not adopted in contemplation of such acquisition or combination, the shares available for grant pursuant to the terms of such
pre-existing plan (as adjusted, to the extent appropriate, using the exchange ratio or other adjustment or valuation ratio or formula used in such acquisition or combination to determine the consideration payable to the holders of common stock of
the entities party to such 

  
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acquisition or combination) may be used for Awards under this Plan and shall not reduce the Shares authorized for grant under this Plan. Awards using such available shares shall not be made after
the date awards or grants could have been made under the terms of the pre-existing plan, absent the acquisition or combination, and shall only be made to individuals who were not Employees or Non-employee Directors prior to such acquisition or
combination. 
 Section 5. Eligibility and Participation 

5.1    Eligibility to Receive Awards. Individuals eligible to participate in this Plan shall be limited to Employees and
Non-employee Directors. 
 5.2    Participation in this Plan. Subject to the provisions of this Plan, the Committee may,
from time to time, select from all individuals eligible to participate in this Plan, those individuals to whom Awards shall be granted and shall determine, in its sole discretion, the nature of any and all terms permissible by law and the amount of
each Award. 
 5.3    Award Agreements. The Committee shall have the exclusive authority to determine the terms of an Award
Agreement evidencing an Award granted under this Plan, subject to the provisions herein. The terms of an Award Agreement need not be uniform among all Participants or among similar types of Awards. 

Section 6. Stock Options 

6.1    Grant of Options. Subject to the terms and conditions of this Plan, Options may be granted to Participants covering
such number of Shares, and upon such terms, and at any time and from time to time as shall be determined by the Committee. Each grant of an Option shall be evidenced by an Award Agreement, which shall specify whether the Option is in the form
of a Nonqualified Stock Option or an Incentive Stock Option. 
 6.2    Exercise Price. The Exercise Price for each Option
shall be determined by the Committee and shall be specified in the Award Agreement evidencing such Option; provided, however, the Exercise Price must be at least equal to 100% of the Fair Market Value of a Share as of the Option’s
Grant Date, except in the case of Substitute Awards (to the extent consistent with Code Section 409A and, in the case of Incentive Stock Options, Code Section 424), and subject to adjustment as provided for under Section 4.4. 

6.3    Term of Option. The term of an Option granted to a Participant shall be determined by the Committee; provided,
however, no Option shall be exercisable later than the tenth anniversary of its Grant Date. 
 6.4    Exercise of Option.
An Option shall be exercisable at such times and be subject to such restrictions and vesting conditions as the Committee shall in each instance approve, which terms and restrictions need not be the same for each grant or for each Participant. 

6.5    Payment of Exercise Price. An Option shall be exercised by the delivery of a notice of exercise to the Company or an
agent designated by the Company in a form specified or accepted by the Committee, or by complying with any alternative procedures that may be authorized by the Committee, setting forth the number of Shares with respect to which the


  
 11 







 
Option is to be exercised, accompanied by full payment for the Shares. Any Shares issued upon exercise of an Option are subject to the transfer restrictions set forth in Section 14.3. A
condition of the issuance of the Shares as to which an Option shall be exercised shall be the payment of the Exercise Price and the payment of applicable withholding taxes. The Exercise Price of any exercised Option shall be payable to the Company
in accordance with one of the following methods: 
 (a) In cash or its equivalent, 

(b) By tendering (either by actual delivery or by attestation) previously acquired Shares having an aggregate Fair Market Value at the time of exercise
equal to the Exercise Price (subject to such procedures and conditions as the Committee may establish), 
 (c) By a cashless (broker-assisted)
exercise, 
 (d) By authorizing the Company to withhold Shares otherwise issuable upon the exercise of the Option having an aggregate Fair Market
Value at the time of exercise equal to the Exercise Price to the extent approved by the Committee, 
 (e) By any combination of (a), (b), (c) or
(d), or 
 (f) By any other method approved or accepted by the Committee. 

Unless otherwise determined by the Committee, all payments under all of the methods indicated above shall be paid in United States dollars or Shares, as applicable.

 6.6    Special Rules Regarding ISOs. Notwithstanding any provision of this Plan to the contrary, an Option granted in
the form of an ISO to a Participant shall be subject to the following rules: 
 (a) An incentive stock option may be granted only to an Employee of
the Company or of any parent or subsidiary corporation (within the meaning of Code Section 424). 
 (b) An Option will constitute an Incentive
Stock Option only to the extent that (i) it is so designated in the applicable Award Agreement and (ii) the aggregate Fair Market Value (determined as of the Option’s Grant Date) of the Shares with respect to which Incentive Stock
Options held by the Participant first become exercisable in any calendar year (under this Plan and all other plans of the Company and its Affiliates) does not exceed $100,000. To the extent an Option granted to a Participant exceeds this limit, the
Option shall be treated as a Nonqualified Stock Option. 
 (c) No Participant may receive an Incentive Stock Option under this Plan if, immediately
after the grant of such Award, the Participant would own (after application of the rules contained in Code Section 424(d)) Shares possessing more than 10% of the total combined voting power of all classes of stock of the Company or an
Affiliate, unless (i) the exercise price for that Incentive Stock Option is at least 110% of the Fair Market Value of the Shares subject to that Incentive Stock Option on the Grant Date and (ii) that Option will expire no later than five
years after its Grant Date. 

  
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 (d) If an Incentive Stock Option is exercised after the expiration of the exercise periods that apply for
purposes of Code Section 422, such Option shall thereafter be treated as a Nonqualified Stock Option. 
 Section 7. Stock Appreciation Rights 

7.1    Grant of SARs. Subject to the terms and conditions of this Plan, SARs may be granted to Participants in such number,
and upon such terms, and at any time and from time to time as shall be determined by the Committee. Each grant of SARs shall be evidenced by an Award Agreement. 

7.2    Grant Price. The Grant Price for each grant of a SAR shall be determined by the Committee and shall be specified in
the Award Agreement evidencing the SAR; provided, however, the Grant Price must be at least equal to 100% of the Fair Market Value of a Share as of the Grant Date, except in the case of Substitute Awards (to the extent consistent with
Code Section 409A), and subject to adjustment as provided for under Section 4.4. 
 7.3    Term of SAR. The term
of a SAR granted to a Participant shall be determined by the Committee; provided, however, no SAR shall be exercisable later than the tenth anniversary of its Grant Date. 

7.4    Exercise of SAR. A SAR shall be exercisable at such times and be subject to such restrictions and vesting conditions
as the Committee shall in each instance approve, which terms and restrictions need not be the same for each grant or for each Participant. 

7.5    Notice of Exercise. A SAR shall be exercised by the delivery of a notice of exercise to the Company or an agent
designated by the Company in a form specified or accepted by the Committee, or by complying with any alternative procedures that may be authorized by the Committee, setting forth the number of Shares with respect to which the SAR is to be exercised.

 7.6    Settlement of SARs. Upon the exercise of a SAR, pursuant to a notice of exercise properly completed and submitted
to the Company in accordance with Section 7.5, a Participant shall be entitled to receive payment from the Company in an amount equal to the product of (a) and (b) below: 

(a) The excess of the Fair Market Value of a Share on the date of exercise over the Grant Price. 

(b) The number of Shares with respect to which the SAR is exercised. 

Payment shall be made in cash, Shares or a combination thereof as provided for under the applicable Award Agreement. Any Shares issued in payment of a SAR are subject
to the transfer restrictions set forth in Section 14.3. 
 Section 8. Restricted Stock 

8.1    Grant of Restricted Stock. Subject to the terms and conditions of this Plan, Restricted Stock Awards may be granted to
Participants in such number of Shares, and upon such terms, and at any time and from time to time as shall be determined by the Committee. Each grant of Restricted Stock shall be evidenced by an Award Agreement. 

  
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 8.2    Nature of Restrictions. Each grant of Restricted Stock may be subject to
a requirement that a Participant pay a stipulated purchase price for each Share of Restricted Stock, and shall be subject to a Period of Restriction that shall lapse upon the satisfaction of such vesting conditions as are determined by the Committee
and set forth in an applicable Award Agreement. Such conditions or restrictions may include, without limitation, one or more of the following: 
 (a)
That the Shares of Restricted Stock may not be transferred in any fashion prior to their applicable vesting date, 
 (b) That the Shares of Restricted
Stock may vest only to the degree that specific performance goals are achieved, 
 (c) That the Shares of Restricted Stock may vest only upon
completion of a specified period of continuous employment or other service and to the degree that specific performance goals have been achieved, or 

(d) That the Shares of Restricted Stock may vest only upon completion of a specified period of continuous employment or other service. 

8.3    Delivery of Shares. Unvested Shares subject to a Restricted Stock Award shall be evidenced by a book-entry in the name
of the Participant with the Company’s transfer agent or Plan agent or by one or more stock certificates issued in the name of the Participant. Any such stock certificate shall be deposited with the Company or its designee, together with an
assignment separate from the certificate, in blank, signed by the Participant, and bear an appropriate legend referring to the restricted nature of the Restricted Stock evidenced thereby. Any book-entry Shares shall be subject to comparable
restrictions and corresponding stop transfer instructions. Upon the vesting of Shares of Restricted Stock, and the Company’s determination that any necessary conditions precedent to the release of vested Shares (such as satisfaction of tax
withholding obligations and compliance with applicable legal requirements) have been satisfied, such vested Shares shall be made available to the Participant in such manner as may be prescribed or permitted by the Committee. Such vested Shares are
subject to the transfer restrictions set forth in Section 14.3. 
 8.4    Voting Rights. As set forth in a
Participant’s applicable Award Agreement, the Committee shall determine the extent to which a Participant holding Shares of Restricted Stock shall be granted the right to exercise full voting rights with respect to those Shares. 

8.5    Section 83(b) Election. The Committee may provide in an Award Agreement that the Award of Restricted Stock is
conditioned upon the Participant making or refraining from making an election with respect to the Award under Code Section 83(b). If a Participant makes an election pursuant to Code Section 83(b) concerning a Restricted Stock Award, the
Participant shall be required to file promptly a copy of such election with the Company. 

  
 14 







 8.6    Certificate Legend. In addition to any legends placed on certificates
pursuant to Section 8.3, each certificate representing Shares of Restricted Stock granted pursuant to this Plan may bear a legend such as the following or as otherwise determined by the Committee in its sole discretion: 

“The transferability of this certificate and the shares of stock represented hereby are subject to the terms and conditions (including forfeiture)
of the Total System Services, Inc. 2017 Omnibus Plan and a Restricted Stock Award Agreement entered into between the registered owner and Total System Services, Inc. Copies of such Plan and Agreement are on file in the offices of Total System
Services, Inc., One TSYS Way, Columbus, Georgia 31901.” 
 Section 9. Restricted Stock Units 

9.1    Grant of Restricted Stock Units. Subject to the terms and conditions of this Plan, Restricted Stock Units may be
granted to Participants in such number, and upon such terms, and at any time and from time to time as shall be determined by the Committee. A grant of Restricted Stock Units shall not represent the grant of Shares but shall represent a promise to
deliver a corresponding number of Shares or the value of such number of Shares based upon the completion of service, performance conditions, or such other terms and conditions as specified in the applicable Award Agreement over the Period of
Restriction. Each grant of Restricted Stock Units shall be evidenced by an Award Agreement. 
 9.2    Nature of
Restrictions. Each grant of Restricted Stock Units shall be subject to a Period of Restriction that shall lapse upon the satisfaction of such vesting conditions as are determined by the Committee and set forth in an applicable Award Agreement.
Such conditions or restrictions may include, without limitation, one or more of the following: 
 (a) That the Restricted Stock Units may not be
transferred in any fashion, subject to Section 14.1, 
 (b) That the Restricted Stock Units may vest only to the degree that specific performance
goals are achieved, 
 (c) That the Restricted Stock Units may vest only upon completion of a specified period of continuous employment or other
service and to the degree that specific performance goals have been achieved, or 
 (d) That the Restricted Stock Units may vest only upon completion
of a specified period of continuous employment or other service. 
 9.3    Voting Rights. A Participant shall have no
voting rights with respect to any Restricted Stock Units granted hereunder or the Shares subject to any Restricted Stock Units granted hereunder prior to the issuance of the Shares. 

9.4    Settlement and Payment of Restricted Stock Units. Unless otherwise elected by the Participant as permitted under the
Award Agreement, or otherwise provided for in the Award Agreement, Restricted Stock Units shall be settled upon the date such Restricted Stock Units vest. Such settlement shall be made in Shares unless otherwise specified in the Award Agreement. Any
Shares issued in settlement of Restricted Stock Units are subject to the transfer restrictions set forth in Section 14.3. 

  
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 Section 10. Performance Shares 

10.1    Grant of Performance Shares. Subject to the terms and conditions of this Plan, Performance Shares may be granted to
Participants in such number, and upon such terms and at any time and from time to time as shall be determined by the Committee. Each grant of Performance Shares shall be evidenced by an Award Agreement. 

10.2    Value of Performance Shares. Each Performance Share shall have a value equal to the Fair Market Value of a Share on
the Grant Date. The Committee shall set performance goals that, depending on the extent to which they are met over the specified Performance Period and the satisfaction of applicable service-based vesting conditions, shall determine the number of
Performance Shares that shall vest, which may be greater than the target number of Performance Shares granted, and be paid to a Participant. 

10.3    Earning of Performance Shares. After the applicable Performance Period has ended, the number of Performance Shares
earned by the Participant for the Performance Period shall be determined as a function of the extent to which the applicable corresponding performance goals have been achieved. This determination shall be made by the Committee. 

10.4    Form and Timing of Payment of Performance Shares. The Company shall pay at the close of the applicable Performance
Period, or as soon as practicable thereafter, any earned Performance Shares in the form of Shares unless otherwise specified in the Award Agreement. Any Shares issued in settlement of Performance Shares are subject to the transfer restrictions set
forth in Section 14.3. 
 Section 11. Performance Units 

11.1    Grant of Performance Units. Subject to the terms and conditions of this Plan, Performance Units may be granted to a
Participant in such number, and upon such terms and at any time and from time to time as shall be determined by the Committee. Each grant of Performance Units shall be evidenced by an Award Agreement. 

11.2    Value of Performance Units. Each Performance Unit shall have an initial notional value equal to a dollar amount
determined by the Committee. The Committee shall set performance goals in its discretion that, depending on the extent to which they are met over the specified Performance Period and the satisfaction of applicable service-based vesting conditions,
will determine the number of Performance Units that shall vest (which may be greater than the target number of Performance Units granted), the settlement value of each Performance Unit (if variable), and the settlement amount to be paid to the
Participant. 
 11.3    Earning of Performance Units. After the applicable Performance Period has ended, the number of
Performance Units earned by the Participant over the Performance Period shall be determined as a function of the extent to which the applicable corresponding performance goals have been achieved. This determination shall be made by the
Committee. 
 11.4    Form and Timing of Payment of Performance Units. The Company shall pay at the close of the applicable
Performance Period, or as soon as practicable thereafter, any earned Performance Units in the form of cash or in Shares or in a combination thereof, as specified in a Participant’s applicable Award Agreement. Any Shares issued in settlement of
Performance Units are subject to the transfer restrictions set forth in Section 14.3. 

  
 16 







 Section 12. Other Stock-Based Awards and Cash-Based Awards 

12.1    Grant of Other Stock-Based Awards and Cash-Based Awards.  

(a) Subject to the terms and conditions of this Plan, the Committee may grant Other Stock-Based Awards not otherwise described by the terms of this Plan
to a Participant in such amounts and subject to such terms and conditions, as the Committee shall determine. Such Awards may involve the transfer of actual Shares to Participants, or payment in cash or otherwise of amounts based on the value of
Shares. 
 (b) The Committee may grant Cash-Based Awards not otherwise described by the terms of this Plan to a Participant in such amounts and upon
such terms as the Committee shall determine. 
 (c) Each grant of Other Stock-Based Awards and Cash-Based Awards shall be evidenced by an Award
Agreement and/or subject to a subplan or special provisions approved by the Committee. 
 12.2    Value of Other Stock-Based
Awards and Cash-Based Awards.  
 Each Other Stock-Based Award shall be expressed in terms of Shares or units based on Shares, as determined by the
Committee. Each Cash-Based Award shall specify a payment amount or payment range as determined by the Committee. If the Committee exercises its discretion to establish performance goals, the number and/or value of Cash-Based Awards or Other
Stock-Based Awards that shall be paid to the Participant will depend on the extent to which such performance goals are met and any service-based payment conditions are satisfied. 

12.3    Payment of Other Stock-Based Awards and Cash-Based Awards. Payment, if any, with respect to Cash-Based Awards and
Other Stock-Based Awards shall be made in accordance with the terms of the applicable Award Agreement in the form of cash, Shares or other forms of Awards under this Plan or a combination of cash, Shares and other forms of Awards. The determination
of the form in which Awards subject to this Section 12 will be paid shall be made by the Committee, unless the Committee chooses to provide in an applicable Award Agreement that a Participant may elect, in accordance with such procedures and
limitations as the Committee may specify, the form in which such an Award will be paid. To the extent any Award subject to this Section 12 is to be paid in other forms of Awards under this Plan, such Awards issued in payment shall be valued for
purposes of such payment at their Fair Market Value on the Grant Date of such Awards. If the Committee permits a Participant to elect to receive some or all of an amount that would otherwise be payable in cash under an Award subject to this
Section 12 in Shares or other forms of Awards, the Committee may also provide in the applicable Award Agreement that the Fair Market Value of the Shares or the Grant Date fair value of the other forms of Awards may exceed the amount of cash
that otherwise would have been payable. 

  
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 Section 13. Effect of Termination of Service 

Each Award Agreement evidencing the grant of an Award shall provide for the following: 

(a)         The extent to which a Participant shall vest in or forfeit such Award as a result of or following
the Participant’s Termination of Service. 
 (b)         With respect to an Award in the form of an
Option or SAR, the extent to which a Participant shall have the right to exercise the Option or SAR following the Participant’s Termination of Service. 
 The
foregoing provisions shall be determined by the Committee, shall be included in each Award Agreement entered into with each Participant, need not be uniform among all Award Agreements and may reflect distinctions based on the reasons for
termination. 
 Section 14. Transferability of Awards and Shares 

14.1    Transferability of Awards. Except as provided in Section 14.2, Awards shall not be transferable other than by
will or the laws of descent and distribution or, subject to the consent of the Committee, pursuant to a domestic relations order entered into by a court of competent jurisdiction. No Awards shall be subject, in whole or in part, to attachment,
execution or levy of any kind; and any purported transfer in violation of this Section 14.1 shall be null and void. The Committee may establish such procedures as it deems appropriate for a Participant to designate a beneficiary to whom any
amounts payable or Shares deliverable in the event of, or following, the Participant’s death may be provided. 

14.2    Committee Action. The Committee may, in its discretion, approve a Participant’s transfer, by gift, of an Award
(except in the case of an ISO), on such terms and conditions as the Committee deems appropriate and to the extent permissible with Code Section 409A and applicable securities laws, (i) to an “Immediate Family Member” (as defined
below) of the Participant, (ii) to an inter vivos or testamentary trust in which the Award is to be passed to the Participant’s designated beneficiaries, or (iii) to a charitable institution. Any transferee of the Participant’s
rights shall succeed and be subject to all of the terms of the applicable Award Agreement and this Plan, including restrictions on further transferability, compliance with applicable securities laws, and providing required investment
representations. “Immediate Family Member” means any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law,
or sister-in-law, including adoptive relationships, a trust in which any of these persons have more than fifty (50%) percent of the beneficial interest, a foundation in which any of these persons (or the Participant) control the management of
assets, and any other entity in which these persons (or the Participant) own more than fifty (50%) percent of the voting interests. 

14.3    Restrictions on Share Transferability. The Committee may impose such restrictions on any Shares acquired by a
Participant under this Plan as it may deem advisable, including, without limitation, minimum holding period requirements, restrictions under applicable federal securities laws, under the requirements of any stock exchange or market upon which such
Shares are then listed or traded or under any blue sky or state securities laws applicable to such Shares. 

  
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 Section 15. Performance-Based Compensation and Compliance with Code Section 162(m) 

15.1    Compliance with Section 162(m). Subject to Section 15.5, the provisions of this Plan are intended to ensure
that all Options and SARs granted hereunder to any Participant who is a Covered Employee at the time of exercise of such Option or SAR qualify for exemption from the limitation on deductibility imposed by Code Section 162(m) and that such
Options and SARs shall therefore be considered Performance-Based Compensation and this Plan shall be interpreted and operated consistent with that intention. The Committee may designate any Award (other than an Option or SAR) as Performance-Based
Compensation upon grant, in each case based upon a determination that (i) the Participant is designated a Covered Employee with respect to such Award, and (ii) the Committee wishes such Award to be subject to this Section 15 and
qualify for exemption from the limitation on deductibility imposed by Code Section 162(m). The Committee shall have the sole authority to specify which Awards are to be granted in compliance with this Section 15 and treated as
Performance-Based Compensation. 
 15.2    Performance Measures. The performance goals upon which the grant, payment or
vesting of an Award to a Covered Employee that is intended to qualify as Performance-Based Compensation are conditioned must be based on one or more of the following Performance Measures: 

(a)   Assets, 
 (b)   Cash flow
(including, but not limited to, operating cash flow, free cash flow, cash flow return on equity, and cash flow return on investment), 
 (c)
  Customer satisfaction, 
 (d)   Earnings per share, 

(e)   Earnings before or after either, or any combination of, interest, taxes, depreciation, or amortization, 

(f)   Economic value added (net operating profit after tax minus the sum of capital multiplied by the cost of capital), 

(g)   Expenses/costs, 
 (h)
  Gross or net earnings or income, 
 (i)   Gross or net operating margins, 

(j)   Gross or net operating profits, 

(k)   Gross or net sales or revenues, 

(l)   Individual objective performance measures, 

(m)  Market share, 

  
 19 







 (n)   Net earnings or net income (before or after taxes), 

(o)   Number of cardholder, merchant and/or other customer accounts processed or converted, 

(p)   Operating efficiency, 
 (q)
  Productivity ratios and measures, 
 (r)   Return measures (including, but not limited to, return on assets, total assets
employed, equity, capital, invested capital, sales or revenues), 
 (s)   Share price (including, but not limited to, growth in share price
and total shareholder return), 
 (t)   Strategic business objectives (including objective project milestones), 

(u)   Successful negotiation or renewal of contracts with new or existing customers, 

(v)   Transactions relating to acquisitions or divestitures, 

(w)   Unit volume, or 
 (x)
  Working capital. 
 Any Performance Measure(s) may, as the Committee, in its sole discretion deems appropriate, (i) relate to the performance of the
Company, any Affiliate or any Subsidiary as a whole or any business unit, division or segment of the Company, any Affiliate or any Subsidiary or any combination thereof, (ii) be compared to the performance of a group of comparator companies, or
published or special index, (iii) be based on change in the Performance Measure over a specified period of time and such change may be measured based on an arithmetic change over the specified period (e.g., cumulative change or average change),
or percentage change over the specified period (e.g., cumulative percentage change, average percentage change or compounded percentage change), (iv) relate to or be compared to one or more other Performance Measures, or (v) any combination
of the foregoing. To the extent consistent with the requirements of Code Section 162(m), the Committee also has the authority to provide for accelerated vesting of any Award based on the achievement of performance goals pursuant to the
Performance Measures specified in this Section 15. 
 With regard to a particular Performance Period, the Committee, in its sole discretion, shall, within the
first 90 days of a Performance Period (or, if longer or shorter, within the maximum period allowed under Section 162(m) of the Code), determine the length of the Performance Period (provided any such Performance Period shall be not less than
one fiscal quarter in duration), the type(s) of Performance-Based Compensation Awards to be issued, and the Performance Measures that will be used to establish the performance goals. Following the completion of a Performance Period, the Committee
shall review and certify in writing whether, and to what extent, the performance goals for the Performance Period have been achieved and, if so, calculate and certify in writing the amount of the Performance-Based Compensation Awards earned for the
period. 

  
 20 







 15.3    Evaluation of Performance. The Committee may provide in any Award
intended to qualify as Performance-Based Compensation that any evaluation of performance may include or exclude the impact, if any, on reported financial results of, among other things, any of the following events that occurs during a Performance
Period: (a) asset write-downs, (b) litigation, claims, judgments or settlements, (c) changes in tax laws, accounting principles or other laws or provisions, (d) reorganization or restructuring programs, (e) acquisitions or
divestitures, (f) foreign exchange gains and losses or (g) gains and losses that are treated as unusual in nature or infrequent in their occurrence and which are disclosed in management’s discussion and analysis of financial condition
and results of operations appearing in the Company’s annual report to shareholders. Such inclusions or exclusions shall be prescribed in a form and at a time that meets the requirements of Code Section 162(m) for qualification of the Award
as Performance-Based Compensation unless the Committee exercises its discretion pursuant to Section 15.5 that such Award not satisfy the requirements of Code Section 162(m). 

15.4    Adjustment of Performance-Based Compensation. The Committee shall have no discretion to increase the amount payable
pursuant to Awards that are intended to qualify as Performance-Based Compensation beyond the amount that would otherwise be payable upon attainment of the applicable performance goal(s). The Committee shall, however, retain the discretion to
decrease the amount payable pursuant to such Awards below the amount that would otherwise be payable upon attainment of the applicable performance goal(s), either on a formula or discretionary basis or any combination, as the Committee determines,
in its sole discretion. 
 15.5    Committee Discretion. In the event that applicable tax or securities laws change to
permit Committee discretion to alter the governing Performance Measures or permit flexibility with respect to the terms of any Award or Awards to be treated as Performance-Based Compensation without obtaining shareholder approval of such changes,
the Committee shall have sole discretion to make such changes without obtaining shareholder approval. In addition, in the event that the Committee determines that it is advisable to grant Awards that are not intended to qualify as Performance-Based
Compensation, the Committee may make such grants without satisfying the requirements of Code Section 162(m) and base vesting on Performance Measures other than those set forth in Section 15.2. 

15.6    Code Section 162(m). To the extent the Committee issues any Award that is intended to be exempt from the
deduction limitation of Code Section 162(m), the Committee may, without shareholder or grantee approval, amend this Plan or the relevant Award Agreement retroactively or prospectively to the extent it determines necessary in order to comply
with any subsequent clarification of Code Section 162(m) required to preserve the Company’s federal income tax deduction for compensation paid pursuant to any such Award. 

Section 16. Non-employee Director Awards 

16.1    Awards to Non-employee Directors. The Board shall approve all Awards to Non-employee Directors. The terms and
conditions of any grant of any Award to a Non-employee Director shall be set forth in an Award Agreement. 

  
 21 







 16.2     Awards in Lieu of Fees. The Board may permit a Non-employee Director
the opportunity to receive an Award in lieu of payment of all or a portion of future director fees (including but not limited to cash retainer fees and meeting fees) or other type of Awards pursuant to such terms and conditions as the Board may
prescribe and set forth in an applicable sub-plan or Award Agreement. If the Board permits a Participant to elect to receive payment of all or a portion of future director fees that would otherwise be payable in cash in the form of an Award, the
Board may also provide in the applicable Award Agreement that the Grant Date fair value of the Award may exceed the amount of cash that otherwise would have been payable. 

16.3     Annual Award Limit. Equity-based Awards granted to Non-employee Directors shall be subject to the following
limitations: 
 (a)         Subject to paragraphs (b) and (c) below, the maximum aggregate fair
value as of the Grant Date of equity-based Awards granted to any Non-employee Director during any calendar year shall not exceed $400,000, with fair value determined under applicable accounting standards (“Annual Non-employee Director Award
Limit”). 
 (b)         The Annual Non-employee Director Award Limit shall be increased to $600,000 for
any Non-employee Director who serves as Chairman of the Board or Lead Director. 
 (c)         The Annual
Non-employee Director Award Limit shall be increased to $600,000 for any Non-employee Director for the year in which the Non-employee Director is first appointed or elected to the Board. 

For the avoidance of doubt, the annual award limit set forth in this Section 16.3 shall solely apply to Awards granted under this Plan and shall
not apply to Shares or Share equivalents granted to a Non-employee Director in lieu of all or any portion of such Non-employee Director’s cash-based director fees. 

Section 17. Effect of a Change in Control 
 17.1
    Default Vesting Provisions. Unless otherwise provided for in an Award Agreement, and except to the extent that an Award meeting the requirements of Section 17.2(a) (a “Replacement Award”) is provided to the
Participant pursuant to Section 4.4 to replace an existing Award (the “Replaced Award”), upon a Change in Control, all then-outstanding Awards shall vest in accordance with paragraphs (a), (b) and (c) below. 

(a)         Outstanding Options and SARs. Upon a Change in Control, a Participant’s then-outstanding
Options and SARs that are not vested shall immediately become fully vested (and, to the extent applicable, all performance conditions shall be deemed satisfied at target performance) and, subject to Section 17.3, exercisable over the exercise
period set forth in the applicable Award Agreement. 
 (b)         Outstanding Awards, other than Options
and SARs, Subject Solely to a Service Condition. Upon a Change in Control, subject to Section 17.3, a Participant’s then-outstanding Awards, other than Options and SARs, that are not vested and as to which vesting depends solely on the
satisfaction of a service obligation by the Participant to the Company or any Subsidiary shall become fully vested and shall be settled in cash, Shares or a combination thereof as provided for under the applicable Award Agreement within thirty
(30) days following such Change in Control (except to the extent that settlement of the Award must be made pursuant to its original schedule in order to comply with Code Section 409A). 

  
 22 







 (c)         Outstanding Awards, other than Options and SARs,
Subject to a Performance Condition. Upon a Change in Control, subject to Section 17.3, a Participant’s then-outstanding Awards, other than Options and SARs, that are not vested and as to which vesting depends upon the satisfaction of
one or more performance conditions shall immediately vest and all performance conditions shall be deemed satisfied as if target performance was achieved and shall be settled pro rata, based on the proportion of the applicable performance period that
lapsed through the date of the Change of Control, in cash, Shares or a combination thereof as provided for under the applicable Award Agreement within thirty (30) days following such Change in Control (except to the extent that settlement of
the Award must be made pursuant to its original schedule in order to comply with Code Section 409A); notwithstanding that the applicable performance period, retention period or other restrictions and conditions have not been completed or
satisfied. 
 17.2        Definition of Replacement Award.  

(a)         An Award shall meet the conditions of this Section 17.2(a) (and hence qualify as a Replacement
Award) if: (i) it is of the same type as the Replaced Award (or, it is of a different type as the Replaced Award, provided that the Committee, as constituted immediately prior to the Change in Control, finds such type acceptable); (ii) it
has an intrinsic value at least equal to the value of the Replaced Award; (iii) it relates to publicly traded equity securities of the Company or its successor in the Change in Control or another entity that is affiliated with the Company or
its successor following the Change in Control; (iv) its terms and conditions comply with Section 17.2(b); and (v) its other terms and conditions are not less favorable to the holder of the Award than the terms and conditions of the
Replaced Award (including the provisions that would apply in the event of a subsequent Change in Control). Without limiting the generality of the foregoing, the Replacement Award may take the form of a continuation of the Replaced Award if the
requirements of the preceding sentence are satisfied. The determination of whether the conditions of this Section 17.2(a) are satisfied shall be made by the Committee, as constituted immediately before the Change in Control, in its sole
discretion. Without limiting the generality of the foregoing, the Committee may determine the value of Awards and Replacement Awards that are stock options or stock appreciation rights by reference to either their intrinsic value or their fair
value. 
 (b)         Upon an involuntary termination of service of a Participant (i) by the Company
other than for Cause, or (ii) to the extent specifically permitted in the Participant’s Award Agreement, a termination by the Participant for “good reason” (as defined in the Participant’s Award Agreement, change of control
agreement or employment agreement, as applicable), in either case occurring within two years following the Change in Control, unless otherwise specified in the award agreement and approved by the Committee as constituted prior to the Change in
Control, all Replacement Awards held by the Participant shall become fully vested and free of restrictions and, in the case of Replacement Awards in the form of (x) stock options or stock appreciation rights shall be fully exercisable,
(y) performance-based Awards shall be deemed to be satisfied at target level performance and paid pro rata (based upon the proportion of the applicable performance period that has lapsed through the date of the Participant’s involuntary
termination of service) upon or within 60 days of such termination of service, or (z) service-based Awards (other than stock options or stock appreciation rights) shall be paid upon or within 

  
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60 days of such termination of service. Notwithstanding the foregoing, with respect to any Award that is considered deferred compensation subject to Code Section 409A, settlement of such
Award shall be made pursuant to its original schedule if necessary to comply with Code Section 409A. 
 For purposes of this
Section 17.2(b), “Cause” shall mean: 
 If the Participant is a party to an employment, service or change in control agreement with the
Company or its Affiliates and such agreement provides for a definition of Cause, the definition contained therein, or if no such agreement exists, or if such agreement does not define Cause, (1) the commission of, or plea of guilty or no
contest to, a felony or a crime involving moral turpitude or the commission of any other act involving willful malfeasance or material fiduciary breach with respect to the Company or an Affiliate; (2) conduct that results in or is reasonably
likely to result in harm to the reputation or business of the Company or any of its Affiliates; (3) gross negligence or willful misconduct with respect to the Company or an Affiliate; (4) the willful and continued failure to perform
substantially the Participant’s duties with the Company or one of its Affiliates; or (5) a material violation of state or federal securities laws. 

17.3 Cashout of Awards. 

(a)         Unless otherwise provided for in an Award Agreement, in the event of a Change in Control, with
respect to any outstanding Option or Stock Appreciation Right, the Committee shall have discretion to cause a cash payment to be made to the person who then holds such Option or Stock Appreciation Right, in lieu of the right to exercise such Option
or Stock Appreciation Right or any portion thereof. In the event the Committee exercises its discretion to cause such cash payment to be made, the amount of such cash payment shall be equal to the amount by which (i) the aggregate fair market
value (on the date of the Change in Control) of the Shares that are subject to such Option or Stock Appreciation Right exceeds (ii) the aggregate Exercise Price or Grant Price (as applicable) of such Shares under such Option or Stock
Appreciation Right. If the aggregate fair market value (on the date of the Change in Control) of the Shares that are subject to such Option or Stock Appreciation Right is less than the aggregate Exercise Price or Grant Price (as applicable) of such
Shares under such Option or Stock Appreciation Right, such Option or Stock Appreciation Right shall be cancelled without any payment. 

(b)         Unless otherwise provided for in an Award Agreement, in the event of a Change in Control, with
respect to an Award (other than an Option or Stock Appreciation Right) that would otherwise be payable in Common Shares, the Committee shall have discretion to cause the payment of such Award to be made in cash instead of Shares. In the event the
Committee exercises its discretion to cause such cash payment to be made, the amount of such cash payment shall be equal to the aggregate fair market value, on the date of the Change in Control, of the Shares that would otherwise then be payable
under such Award. 
 Section 18. Dividends and Dividend Equivalents 

18.1     Payment of Dividends on Restricted Stock. With respect to an Award of Restricted Stock, the Committee may grant or
limit the right of a Participant to receive dividends declared on Shares that are subject to such Award to the extent the Award is not yet vested. If the Committee grants the right of a Participant to receive dividends declared on Shares subject


  
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to an unvested Award of Restricted Stock, then such dividends shall be paid to the Participant as of the applicable dividend payment dates or such other dates as determined by the Committee and
set forth in the applicable Award Agreement; provided however, that in the case of an Award of Restricted Stock as to which vesting depends upon the satisfaction of one or more performance conditions, such dividends shall be subject to the same
performance conditions and service conditions, as applicable, as the underlying Award. Dividends shall be paid in cash or reinvested in additional Shares or Awards by such formula and at such time and subject to such limitations as may be determined
by the Committee. 
 18.2     Payment of Dividend Equivalents on Awards Other than Options, SARs and Restricted Stock.
Except for Options, SARs and Restricted Stock, the Committee may grant Dividend Equivalents on the units or other Share equivalents subject to an Award based on the dividends actually declared and paid on outstanding Shares. The terms of any
Dividend Equivalents will be as set forth in the applicable Award Agreement, including the time and form of payment and whether such Dividend Equivalents will be credited with interest or deemed to be reinvested in additional units or Share
equivalents. Dividend Equivalents payable with respect to the unvested portion of an Award whose vesting depends upon the satisfaction of one or more performance conditions shall be subject to the same performance conditions and service conditions,
as applicable, as the underlying Award. 
 Section 19. Beneficiary Designation 

Each Participant under this Plan may, from time to time, name any beneficiary or beneficiaries (who may be named contingently or successively) to whom
any benefit under this Plan is to be paid in case of his death before he or she receives any or all of such benefit. Each such designation shall revoke all prior designations by the same Participant, shall be in a form prescribed by the
Committee, and will be effective only when filed by the Participant in writing, including electronically, with the Company during the Participant’s lifetime. In the absence of any such beneficiary designation, benefits remaining unpaid or
rights remaining unexercised at the Participant’s death shall be paid to or exercised by the Participant’s executor, administrator or legal representative. 

Section 20. Rights of Participants 

20.1     Employment. Nothing in this Plan or an Award Agreement shall (a) interfere with or limit in any way the right
of the Company or any Subsidiary to terminate any Participant’s employment with the Company or any Subsidiary or Affiliate at any time or for any reason not prohibited by law or (b) confer upon any Participant any right to continue his
employment or service as a Director for any specified period of time. Neither an Award nor any benefits arising under this Plan shall constitute an employment contract with the Company or any Subsidiary or Affiliate and, accordingly, subject to
Sections 3 and 21, this Plan and the benefits hereunder may be amended or terminated at any time in the sole and exclusive discretion of the Board or Committee without giving rise to any liability on the part of the Company, any Subsidiary, any
Affiliate, the Committee or the Board. 
 20.2     Participation. No individual shall have the right to be selected to
receive an Award under this Plan, or, having been so selected, to be selected to receive a future Award. 

  
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 20.3     Rights as a Shareholder. Except as otherwise provided herein, a
Participant shall have none of the rights of a shareholder with respect to Shares covered by any Award until the Participant becomes the record holder of such Shares. 

Section 21. Amendment and Termination 

21.1    Amendment and Termination of this Plan and Awards.  

(a) Subject to subparagraphs (b) and (c) of this Section 21.1 and Section 21.3 of this Plan, the Board may at any time amend,
suspend or terminate this Plan, and the Board or Committee may at any time amend, suspend or terminate any outstanding Award Agreement. 
 (b) Without
the prior approval of the Company’s shareholders and except as provided for in Section 4.4, no Option or SAR Award may be (i) amended to reduce the Exercise Price or the Grant Price thereof, as applicable; (ii) cancelled in
exchange for the grant of any new Option or SAR with a lower Exercise Price or Grant Price, as applicable; or (iii) cancelled in exchange for cash, other property or the grant of any new Award at a time when the Exercise Price of the Option or
the Grant Price of the SAR is greater than the current Fair Market Value of a Share. 
 (c) Notwithstanding the foregoing, no amendment of this Plan
shall be made without shareholder approval if shareholder approval is required pursuant to rules promulgated by any stock exchange or quotation system on which Shares are listed or quoted or by applicable U.S. state corporate laws or regulations, or
applicable U.S. federal laws or regulations. 
 21.2    Adjustment of Awards Upon the Occurrence of Certain Unusual or
Nonrecurring Events.  
 (a) Except as may be limited by Code Section 162(m) with respect to Awards intended to qualify as
Performance-Based Compensation, the Committee may make adjustments in the terms and conditions of, and the criteria included in, Awards in recognition of unusual or nonrecurring events (including, without limitation, the events described in
Section 4.4) affecting the Company or the financial statements of the Company or of changes in applicable laws, regulations, or accounting principles, whenever the Committee determines that such adjustments are appropriate in order to prevent
unintended dilution or enlargement of the benefits or potential benefits intended to be made available under this Plan. 
 (b) Any subplan may provide
that the Committee or its authorized delegate shall retain the discretion to decrease the amount payable pursuant to a Cash-Based Award granted under such subplan below the amount that would otherwise be payable upon attainment of the applicable
performance goal(s) over a Performance Period that does not exceed a term of one (1) year, either on a formula or discretionary basis or any combination, as the Committee or its authorized delegate determines is appropriate. 

(c) The determination of the Committee (or its authorized delegate, if applicable) as to any adjustments made pursuant to subparagraphs (a) and
(b) above shall be conclusive and binding on Participants under this Plan. By accepting an Award under this Plan, a Participant agrees to any adjustment to the Award made pursuant to this Section 21.2 without further consideration or
action. 

  
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 21.3     Awards Previously Granted. Notwithstanding any other provision of this
Plan to the contrary, other than Sections 21.2 and 21.4, no termination or amendment of this Plan or an Award Agreement shall adversely affect in any material way any Award previously granted under this Plan, without the written consent of the
Participant holding such Award. 
 21.4     Amendment to Conform to Law. Notwithstanding any other provision of this Plan
to the contrary, the Board may amend this Plan and the Board or the Committee may amend an Award Agreement, to take effect retroactively or otherwise, as deemed necessary or advisable for the purpose of conforming this Plan or an Award Agreement to
(i) any law relating to plans of this or similar nature (including, but not limited to Code Section 409A), and to the administrative regulations and rulings promulgated thereunder, (ii) any applicable stock exchange requirements and
(iii) any compensation recoupment policy adopted by the Company. By accepting an Award under this Plan, a Participant agrees to any amendment made pursuant to this Section 21.4 to this Plan and any Award without further consideration or
action. 
 21.5     Deferred Compensation. It is the intention of the Company that no Award be deferred compensation
subject to Code Section 409A unless and to the extent that the Committee specifically determines otherwise. The terms and conditions governing any Awards that the Committee determines will be subject to Code Section 409A, including any
rules for payment, including elective or mandatory deferral of the payment or delivery of cash or Shares pursuant thereto, and any rules regarding treatment of such Awards in the event of a Change in Control, shall be set forth in the applicable
Award Agreement and shall be intended to comply in all respects with Code Section 409A, and this Plan, and the terms and conditions of such Awards shall be interpreted and administered accordingly. The Committee shall not extend the period to
exercise an Option or Stock Appreciation Right to the extent that such extension would cause the Option or Stock Appreciation Right to become subject to Code Section 409A. Unless the Committee provides otherwise in an Award Agreement, each
Restricted Stock Unit, Performance Unit, Performance Share, Cash-Based Award and/or Other Stock-Based Award shall be paid in full to the Participant no later than the fifteenth day of the third month after the end of the first calendar year in which
such Award is no longer subject to a “substantial risk of forfeiture” within the meaning of Code Section 409A. If the Committee provides in an Award Agreement that a Restricted Stock Unit, Performance Unit, Performance Share,
Cash-Based Award or Other Stock-Based Award is intended to be subject to Code Section 409A, the Award Agreement shall include terms that are intended to comply in all respects with Code Section 409A. No Dividend Equivalents shall relate to
Shares underlying an Option or SAR unless such Dividend Equivalent rights are explicitly set forth as a separate arrangement and do not cause any such Option or SAR to be subject to Code Section 409A. 

Section 22. General Provisions 

22.1    Forfeiture Events. 

(a) In addition to the forfeiture events specified in paragraph (b) below, the Committee may specify in an Award Agreement that the
Participant’s rights, payments and benefits with respect to an Award shall be subject to reduction, cancellation, forfeiture or recoupment upon the occurrence of certain specified events, in addition to any otherwise applicable treatment of an
Award. 

  
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 (b) Notwithstanding any other provisions in this Plan, any Award which is subject to recovery under any
law, government regulation or stock exchange listing requirement will be subject to such deductions and clawback as may be required to be made pursuant to such law, government regulation or stock exchange listing requirement (or any policy adopted
by the Company pursuant to any such law, government regulation or stock exchange listing requirement) and the Committee, in its sole and exclusive discretion, may require that any Participant reimburse the Company all or part of the amount of any
payment in settlement of any Award granted hereunder. 
 22.2     Tax Withholding. 

(a) Tax Withholding Generally. The Company shall have the power and the right to deduct or withhold, or require a Participant to remit to the
Company, an amount sufficient to satisfy applicable federal, state and local tax withholding requirements, domestic or foreign, with respect to any taxable event arising as a result of the grant, vesting, exercise or settlement of an Award to the
Participant under this Plan. 
 (b) Share Withholding. Unless otherwise required by the Committee, the Company may withhold, or permit a
Participant to elect to have withheld from a “Share Payment” the number of Shares having a Fair Market Value equal to the minimum statutory withholding requirements but in no event shall the Participant be allowed to elect for such
withholding to exceed the minimum statutory withholding requirements. Notwithstanding the immediately preceding sentence, the Company, in its discretion, may withhold Shares or permit a Participant to elect to have withheld from a Share Payment, the
number of Shares having a Fair Market Value up to, but not in excess of, the maximum statutory withholding requirements, provided that withholding Shares with a Fair Market Value in excess of the minimum statutory withholding requirements will not
result in an Award otherwise classified as an equity award under ASC Topic 718 or any successor provision to be classified as a liability award under ASC Topic 718 or any successor provision). The term Share Payment shall mean the issuance or
delivery of Shares upon the grant, vesting, exercise or settlement of an Award, as the case may be. 
 22.3     Legend. The
certificates for Shares may include any legend that the Committee deems appropriate to reflect any restrictions on transfer of such Shares. 

22.4     Gender and Number. Except where otherwise indicated by the context, any masculine term used herein also shall
include the feminine, the plural shall include the singular, and the singular shall include the plural. 
 22.5    
Severability. In the event any provision of this Plan shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of this Plan, and this Plan shall be construed and enforced as if the
illegal or invalid provision had not been included. 
 22.6     Requirements of Law. The granting of Awards and the
issuance of Shares under this Plan shall be subject to all applicable laws, rules and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required. It is the intent of the Company that this Plan
satisfy, and be interpreted in a manner that satisfies, the applicable requirements of Rule 16b-3, as promulgated under Section 16 of the Exchange Act, so that Participants will be entitled to the benefit of Rule 16b-3 (or any successor
provisions) and will not be subject to short-swing liability under Section 16 of the Exchange Act. If any provision of this Plan would conflict with this intent, such provision to the extent possible shall be interpreted and/or deemed amended
so as to avoid such conflict. 

  
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 22.7     Delivery of Shares. The Company shall have no obligation to issue or
deliver Shares under this Plan prior to: 
 (a) Obtaining any approvals from governmental agencies that the Company determines are necessary or
advisable; and 
 (b) Completion of any registration or other qualification of the Shares under any applicable national or foreign law or ruling of
any governmental body that the Company determines to be necessary or advisable. 
 22.8     Inability to Obtain Authority.
The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the
Company of any liability in respect of the failure to issue or deliver such Shares as to which such requisite authority shall not have been obtained. 

22.9     Investment Representations. The Committee may require any individual receiving Shares pursuant to an Award under
this Plan to represent and warrant in writing that the individual is acquiring the Shares for investment and without any present intention to sell or distribute such Shares. 

22.10  Employees Based Outside of the United States. Notwithstanding any provision of this Plan to the contrary, in order to comply with the
laws in other countries in which the Company or any Subsidiaries or Affiliates operate or have Employees or Directors, the Committee, in its sole discretion, shall have the power and authority to: 

(a) Determine which Subsidiaries and Affiliates shall be covered by this Plan; 

(b) Determine which Employees or Directors outside the United States are eligible to participate in this Plan; 

(c) Modify the terms and conditions of any Award granted to Employees or Directors outside the United States to comply with applicable foreign laws;

 (d) Establish sub-plans and modify exercise procedures and other terms and procedures, to the extent such actions may be necessary or advisable.
Any sub-plans and modifications to Plan terms and procedures established under this Section 22.10 by the Committee shall be attached to this Plan document as appendices; and 

(e) Take any action, before or after an Award is made, that it deems advisable to obtain approval or comply with any necessary local government
regulatory exemptions or approvals. 
 Notwithstanding the above, the Committee may not take any actions hereunder, and no Awards shall be granted, that would violate
applicable law. 

  
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 22.11  Uncertificated Shares. To the extent that this Plan provides for issuance of
certificates to reflect the transfer of Shares, the transfer of such Shares may be effected on a noncertificated basis, to the extent not prohibited by applicable law or the rules of any stock exchange. 

22.12  Unfunded Plan. Participants shall have no right, title or interest whatsoever in or to any investments that the Company or any
Subsidiaries may make to aid it in meeting its obligations under this Plan. Nothing contained in this Plan, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind, or a fiduciary relationship
between the Company and any Participant, beneficiary, legal representative or any other individual. To the extent that any individual acquires a right to receive payments from the Company or any Subsidiary or Affiliate under this Plan, such right
shall be no greater than the right of an unsecured general creditor of the Company or the Subsidiary or the Affiliate, as the case may be. All payments to be made hereunder shall be paid from the general funds of the Company, or the Subsidiary or
the Affiliate, as the case may be, and no special or separate fund shall be established, and no segregation of assets shall be made to assure payment of such amounts except as expressly set forth in this Plan. 

22.13  No Fractional Shares. No fractional Shares shall be issued or delivered pursuant to this Plan or any Award. The Committee shall
determine whether cash, Awards or other property shall be issued or paid in lieu of fractional Shares or whether such fractional Shares or any rights thereto shall be forfeited or otherwise eliminated. 

22.14  Retirement and Welfare Plans. Neither Awards made under this Plan nor Shares or cash paid pursuant to such Awards may be included as
“compensation” for purposes of computing the benefits payable to any Participant under the Company’s or any Subsidiary’s or Affiliate’s retirement plans (both qualified and nonqualified) or welfare benefit plans unless such
other plan expressly provides that such compensation shall be taken into account in computing a Participant’s benefit. 
 22.15 
Nonexclusivity of this Plan. The adoption of this Plan shall not be construed as creating any limitations on the power of the Board or Committee to adopt such other compensation arrangements as it may deem desirable for any Participant. 

22.16  No Constraint on Corporate Action. Nothing in this Plan shall be construed to: (i) limit, impair, or otherwise affect the
Company’s or a Subsidiary’s or Affiliate’s right or power to make adjustments, reclassifications, reorganizations or changes of its capital or business structure, or to merge or consolidate, or dissolve, liquidate, sell or transfer
all or any part of its business or assets; or, (ii) limit the right or power of the Company or a Subsidiary or Affiliate to take any action that such entity deems to be necessary or appropriate. 

22.17  Governing Law. This Plan and each Award Agreement shall be governed by the laws of the state of Georgia excluding any conflicts or
choice of law rule or principle that might otherwise refer construction or interpretation of this Plan to the substantive law of another jurisdiction. Unless otherwise provided in the Award Agreement, recipients of an Award under this Plan are
deemed to submit to the exclusive jurisdiction and venue of the federal or state courts of Georgia to resolve any and all issues that may arise out of or relate to this Plan or any related Award Agreement. 

  
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 22.18  Delivery and Execution of Electronic Documents. To the extent permitted by applicable
law, the Company may (i) deliver by email or other electronic means (including posting on a website maintained by the Company or by a third party under contract with the Company) all documents relating to this Plan or any Award thereunder
(including without limitation, prospectuses required by the Commission) and all other documents that the Company is required to deliver to its security holders (including without limitation, annual reports and proxy statements) and (ii) permit
Participant’s to electronically execute applicable Plan documents (including, but not limited to, Award Agreements) in a manner prescribed to the Committee. 

22.19  No Representations or Warranties Regarding Tax Effect. Notwithstanding any provision of this Plan to the contrary, the Company,
Affiliates, Subsidiaries, the Board and the Committee neither represent nor warrant the tax treatment under any federal, state, local or foreign laws and regulations thereunder (individually and collectively referred to as the “Tax Laws”)
of any Award granted or any amounts paid to any Participant under this Plan including, but not limited to, when and to what extent such Awards or amounts may be subject to tax, penalties and interest under the Tax Laws. 

22.20  Indemnification. Subject to requirements of the laws of the state of Georgia, each individual who is or shall have been a member of
the Board, or a Committee appointed by the Board, or an officer of the Company or other person to whom authority was delegated in accordance with Section 3, shall be indemnified and held harmless by the Company against and from any loss, cost,
liability, or expense that may be imposed upon or reasonably incurred by him or her in connection with or resulting from any claim, action, suit or proceeding to which he or she may be a party or in which he or she may be involved by reason of any
action taken or failure to act under this Plan and against and from any and all amounts paid by him or her in settlement thereof, with the Company’s approval, or paid by him or her in satisfaction of any judgment in any such action, suit, or
proceeding against him or her, provided he or she shall give the Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and defend it on his/her own behalf, unless such loss, cost, liability
or expense is a result of his/her own willful misconduct or except as expressly provided by statute. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such individuals may be entitled under
the Company’s Articles of Incorporation or Bylaws, as a matter of law or otherwise, or any power that the Company may have to indemnify them or hold them harmless. 

22.21  Successors. All obligations of the Company under this Plan with respect to Awards granted hereunder shall be binding on any successor
to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business and/or assets of the Company. 

22.22  Right of Offset. The Company and its Affiliates shall have the right to offset against the obligations to make payment or issue any
Shares to any Participant under this Plan, any outstanding amounts (including travel and entertainment advance balances, loans, tax withholding amounts paid by the employer or amounts repayable to the Company or Affiliate pursuant to tax
equalization, housing, automobile or other employee programs) such Participant then owes to the Company or an Affiliate and any amounts the Committee otherwise deems appropriate pursuant to any tax equalization policy or agreement. 

  
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