Exhibit 10.3



 Exhibit 10.3 

COLUCID PHARMACEUTICALS, INC. 

2015 EQUITY INCENTIVE PLAN 

Effective:             , 2015 

1. PURPOSE. 
 The purpose of the CoLucid
Pharmaceuticals, Inc. 2015 Equity Incentive Plan (the “Plan”) is to attract and retain the best available personnel for positions of responsibility with the Company, to provide additional incentives to them and align their interests
with those of the Company’s stockholders, and to thereby promote the Company’s long-term business success. 
 2. DEFINITIONS.

 In this Plan, the following definitions will apply. 

(a) “Affiliate” means any entity that is a Subsidiary or Parent of the Company. 

(b) “Agreement” means the written or electronic agreement, notice or other document containing the terms and conditions
applicable to each Award granted under the Plan. An Agreement is subject to the terms and conditions of the Plan. 
 (c)
“Award” means a grant made under the Plan in the form of Options, Stock Appreciation Rights, Restricted Stock, Stock Units, or an Other Stock-Based Award. 

(d) “Board” means the Board of Directors of the Company. 

(e) “Cause” means what the term is expressly defined to mean in a then-effective written agreement (including an Agreement)
between a Participant and the Company or any Affiliate, or in the absence of any such then-effective agreement or definition, means a Participant’s (i) ongoing failure or refusal to perform satisfactorily the duties reasonably required of
the Participant by the Company (other than by reason of Disability); (ii) material violation of any law, rule, regulation, court order or regulatory directive (other than traffic violations, misdemeanors or other minor offenses);
(iii) material breach of any fiduciary duty or nondisclosure, non-solicitation, non-competition or similar obligation owed to the Company or any Affiliate; (iv) engaging in any act or practice that involves personal dishonesty on the part
of the Participant or demonstrates a willful and continuing disregard for the best interests of the Company and its Affiliates; or (v) engaging in dishonorable or disruptive behavior, practices or acts which would be reasonably expected to harm
or bring disrepute to the Company or any of its Affiliates, their business or any of their customers, employees or vendors. 
 (f)
“Change in Control” means, unless otherwise provided in an Agreement, any one of the following: 
 (1) An Exchange Act
Person becomes the beneficial owner (within the meaning of Rule 13d-3 under the Exchange Act) of equity securities of the Company representing more than 50% of the combined voting power of the Company’s then outstanding Voting Securities,
except that the following will not constitute a Change in Control: (i) any acquisition of Company equity securities by an Exchange Act Person directly from the Company for the purpose of providing financing to the Company, (ii) any
formation of a Group consisting solely of beneficial owners of the Company’s Voting Securities as of the effective date of this Plan, (iii) any repurchase or other acquisition by the Company of its Voting Securities that causes any
Exchange Act Person to become the beneficial owner of more than 50% of the Company’s Voting Securities, or (iv) with respect to any particular Participant, any acquisition of securities of the Company by the Participant, any Group
including the Participant, or any entity controlled by the Participant or a Group including the Participant. If, however, an Exchange Act Person or Group referenced in clause (i), (ii) or (iii) above acquires beneficial ownership of
additional Company Voting Securities after initially becoming the beneficial owner of more than 50% of the combined voting power of the Company’s Voting Securities by one of the means described in those clauses, then a Change in Control will be
deemed to have occurred. 







 (2) Individuals who are Continuing Directors cease for any reason to constitute a majority of
the members of the Board. 
 (3) A Corporate Transaction is consummated, unless, immediately following such Corporate Transaction, all or
substantially all of the individuals and entities who were the beneficial owners of Company Voting Securities immediately prior to such Corporate Transaction beneficially own, directly or indirectly, more than 50% of the combined voting power of the
then outstanding Voting Securities of the surviving or acquiring entity resulting from such Corporate Transaction (including indirect beneficial ownership through any Parent of such entity) in substantially the same proportions as their ownership of
Company Voting Securities immediately prior to such Corporate Transaction. 
 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 upon a Change in Control, then no Change in Control shall be deemed to have occurred upon an event described in this
Section 2(f) unless the event would also constitute a change in ownership or effective control of, or a change in the ownership of a substantial portion of the assets of, the Company under Code Section 409A. 

(g) “Code” means the Internal Revenue Code of 1986, as amended and in effect from time to time. For purposes of the Plan,
references to sections of the Code shall be deemed to include any applicable regulations thereunder and any successor or similar statutory provisions. 

(h) “Committee” means two or more Non-Employee Directors designated by the Board to administer the Plan under Section 3,
each member of which shall be (i) an independent director within the meaning of the rules and regulations of the NASDAQ Stock Market, (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). 
 (i) “Company” means CoLucid Pharmaceuticals, Inc., a Delaware
corporation, or any successor thereto. 
 (j) “Continuing Director” means an individual (i) who is, as of the
effective date of the Plan, a director of the Company, (ii) who is elected as a director of the Company subsequent to the effective date hereof pursuant to a nomination or board representation right of preferred stockholders of the Company, or
(iii) who becomes a director of the Company after the effective date hereof and whose initial election, or nomination for election by the Company’s stockholders, was approved by at least a majority of the then Continuing Directors, but
excluding, for purposes of this clause (iii), an individual whose initial assumption of office occurs as a result of an actual or threatened proxy contest relating to the election of directors. 

(k) “Corporate Transaction” means (i) a sale or other disposition of all or substantially all of the assets of the
Company, or (ii) a merger, consolidation, share exchange or similar transaction involving the Company, regardless of whether the Company is the surviving corporation. 

(l) “Disability” means (A) any permanent and total disability under any long-term disability plan or policy of the
Company or its Affiliates that covers the Participant, or (B) if there is no such long-term disability plan or policy, “total and permanent disability” within the meaning of Code Section 22(e)(3). 

(m) “Employee” means an employee of the Company or an Affiliate. 

(n) “Exchange Act” means the Securities Exchange Act of 1934, as amended and in effect from time to time. 

(o) “Exchange Act Person” means any natural person, entity or Group other than (i) the Company or any Affiliate;
(ii) any employee benefit plan (or related trust) sponsored or maintained by the Company or any Affiliate; (iii) an underwriter temporarily holding securities in connection with a registered public offering of such securities; or
(iv) an entity whose Voting Securities are beneficially owned by the beneficial owners of the Company’s Voting Securities in substantially the same proportions as their beneficial ownership of the Company’s Voting Securities. 

  
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 (p) “Fair Market Value” means the fair market value of a Share determined as
follows: 
 (1) If the Shares are readily tradable on an established securities market (as determined under Code Section 409A), then
Fair Market Value will be the closing sales price for a Share on the principal securities market on which it trades on the date for which it is being determined, or if no sale of Shares occurred on that date, on the next preceding date on which a
sale of Shares occurred, as reported in The Wall Street Journal or such other source as the Committee deems reliable; or 
 (2) If
the Shares are not then readily tradable on an established securities market (as determined under Code Section 409A), then Fair Market Value will be determined by the Committee as the result of a reasonable application of a reasonable valuation
method that satisfies the requirements of Code Section 409A. 
 (q) “Full Value Award” means an Award other than an
Award of an Option or a Stock Appreciation Right. 
 (r) “Grant Date” means the date on which the Committee approves the
grant of an Award under the Plan, or such later date as may be specified by the Committee on the date the Committee approves the Award. 

(s) “Group” means two or more persons acting as a partnership, limited partnership, syndicate or other group for the purpose
of acquiring, holding or disposing of securities of the Company. 
 (t) “Non-Employee Director” means a member of the Board
who is not an Employee. 
 (u) “Option” means a right granted under the Plan to purchase a specified number of Shares at a
specified price. An “Incentive Stock Option” or “ISO” means any Option designated as such and granted in accordance with the requirements of Code Section 422. A “Non-Statutory Stock Option”
means an Option other than an Incentive Stock Option. 
 (v) “Other Stock-Based Award” means an Award described in
Section 11 of this Plan. 
 (w) “Parent” means a “parent corporation,” as defined in Code
Section 424(e). 
 (x) “Participant” means a person to whom an Award is granted in accordance with the Plan or who
holds an outstanding Award (but shall not include a transferee of an Award). 
 (y) “Performance-Based Compensation” means
an Award to a person who is, or is determined by the Committee to likely become, a “covered employee” (as defined in Section 162(m)(3) of the Code) and that is intended to constitute “performance-based compensation” within
the meaning of Section 162(m)(4)(C) of the Code. 
 (z) “Plan” means this CoLucid Pharmaceuticals, Inc. 2015 Equity
Incentive Plan, as amended and in effect from time to time. 
 (aa) “Prior Plan” means the Company’s 2006 Equity
Incentive Plan. 
 (bb) “Restricted Stock” means Shares issued to a Participant that are subject to such restrictions on
transfer, forfeiture conditions and other restrictions or limitations as may be set forth in this Plan and the applicable Agreement. 
 (cc)
“Service” means the provision of services by a Participant to the Company or any Affiliate in any Service Provider capacity. A Service Provider’s Service shall be deemed to have terminated either upon an actual cessation of
providing services to the Company or any Affiliate or upon the entity to which the Service Provider provides services ceasing to be an Affiliate. Except as otherwise provided in this Plan or any Agreement, Service shall not be deemed terminated in
the case of (i) any approved leave of absence; (ii) transfers among the Company and any Affiliates in any Service Provider capacity; or (iii) any change in status so long as the individual remains in the service of the Company or any
Affiliate in any Service Provider capacity. 

  
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 (dd) “Service Provider” means an Employee, a Non-Employee Director, or any
consultant or advisor who is a natural person and who provides services (other than in connection with (i) a capital-raising transaction or (ii) promoting or maintaining a market in Company securities) to the Company or any Affiliate. 

(ee) “Share” means a share of Stock. 

(ff) “Stock” means the common stock, $0.001 par value, of the Company. 

(gg) “Stock Appreciation Right” or “SAR” means the right 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. 

(ii) “Stock Unit” means a right to receive, in cash and/or Shares as determined by the Committee, the Fair Market Value of a
Share, subject to vesting and the lapse of applicable restrictions based on such conditions or factors and occurring over such period of time as may be set forth in this Plan and the applicable Agreement. 

(hh) “Subsidiary” means a “subsidiary corporation,” as defined in Code Section 424(f), of the Company. 

(ii) “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 Affiliate or with which the Company or any Affiliate combines. 
 (jj)
“Voting Securities” of an entity means the outstanding securities (or comparable equity interests) entitled to vote generally in the election of directors of such entity. 

3. ADMINISTRATION OF THE PLAN. 

(a) Administration. The authority to control and manage the operations and administration of the Plan shall be vested in the Committee
in accordance with this Section 3. 
 (b) Scope of Authority. Subject to the terms of the Plan, the Committee shall have the
authority, in its discretion, to take such actions as it deems necessary or advisable to administer the Plan, including: 
 (1) determining
the Service Providers to whom Awards will be granted, the timing of each such Award, the types of Awards and the number of Shares covered by each Award, the terms, conditions, performance criteria, restrictions and other provisions of Awards, and
the manner in which Awards are paid or settled; 
 (2) cancelling or suspending an Award, accelerating the vesting or extending the
exercise period of an Award, or otherwise amending the terms and conditions of any outstanding Award, subject to the requirements of Sections 15(d) and 15(e); and 

(3) adopting sub-plans or special provisions applicable to Awards, establishing, amending or rescinding rules to administer the Plan,
interpreting the Plan and any Award or Agreement, reconciling any inconsistency, correcting any defect or supplying an omission in the Plan or any Agreement, and making all other determinations necessary or desirable for the administration of the
Plan. 
 Notwithstanding the foregoing provisions of Sections 3(a) and 3(b), the Board shall perform the duties and have the responsibilities of the
Committee with respect to Awards made to Non-Employee Directors. 
 (c) Acts of the Committee; Delegation. A majority of the members
of the Committee shall constitute a quorum for any meeting of the Committee, and any act of a majority of the members present at any meeting at which a quorum is present, or any act unanimously approved in writing by all members of the Committee,
shall be the act of the Committee. Any such action of the Committee shall be valid and effective even if the members of the 

  
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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(h). To the extent not
inconsistent with applicable law or stock exchange rules, the Committee may delegate all or any portion of its authority under the Plan to any one or more of its members or, as to Awards to Participants who are not subject to Section 16 of the
Exchange Act, to one or more directors or executive officers of the Company. Any such delegation by the Committee to a director (including a director who is also an officer) may be combined and coordinated with a delegation of authority to such
director pursuant to Section 141(c) of the Delaware General Corporation Law. The Committee may also delegate non-discretionary administrative responsibilities in connection with the Plan to such other persons as it deems advisable, to the
extent not inconsistent with applicable law or stock exchange rules. 
 (d) Finality of Decisions. The Committee’s
interpretation of the Plan and of any Award or Agreement made under the Plan and all related decisions or resolutions of the Board or Committee shall be final and binding on all parties with an interest therein. 

(e) Indemnification. Each person who is or has been a member of the Committee or of the Board, and any other person to whom the
Committee delegates authority under the Plan, shall be indemnified by the Company, to the maximum extent permitted by law, against liabilities and expenses imposed upon or reasonably incurred by such person in connection with or resulting from any
claims against such person by reason of the performance of the individual’s duties under the Plan. This right to indemnification is conditioned upon such person providing the Company an opportunity, at the Company’s expense, to handle and
defend the claims before such person undertakes to handle and defend them on such person’s own behalf. The Company will not be required to indemnify any person for any amount paid in settlement of a claim unless the Company has first consented
in writing to the settlement. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such person or persons may be entitled under the Company’s Certificate of Incorporation or Bylaws (each
as in effect from time to time), as a matter of law, or otherwise. 
 4. SHARES AVAILABLE UNDER
THE PLAN. 
 (a) Shares Available. Subject to Sections 4(b) and (c) and to adjustment as
provided in Section 12(a), the number of Shares that may be the subject of Awards and issued under the Plan will be 1,819,100, plus any Shares remaining available for future grants under the Prior Plan on the effective date of this Plan. Shares
issued under the Plan may come from authorized and unissued shares or treasury shares. In determining the number of Shares to be counted against this share reserve in connection with any Award, the following rules shall apply: 

(1) Where the number of Shares subject to an Award is variable on the Grant Date, the number of Shares to be counted against the share
reserve shall be the maximum number of Shares that could be received under that particular Award, until such time as it has been determined that only a lesser number of shares could be received. 

(2) Where two or more types of Awards are granted to a Participant in tandem with each other, such that the exercise of one type of Award
with respect to a number of Shares cancels at least an equal number of Shares of the other, the number of Shares to be counted against the share reserve shall be the largest number of Shares that would be counted against the share reserve under
either of the Awards. 
 (3) Shares subject to Substitute Awards shall not be counted against the share reserve, nor shall they reduce the
Shares authorized for grant to a Participant in any calendar year. 
 (4) Awards that will be settled solely in cash shall not be counted
against the share reserve, nor shall they reduce the Shares authorized for grant to a Participant in any calendar year. 
 (b) Automatic
Share Reserve Increase. The share reserve specified in Section 4(a) will be automatically increased on January 1 of each year commencing in 2016 and ending on (and including) January 1, 2025 in an amount equal to the lesser of:
(i) 6% of the total number of Shares outstanding as of December 31 of the immediately preceding calendar year, or (ii) 1,200,000 Shares; provided, however, that the Board may determine that any annual increase in the share reserve
shall be for a number of Shares that is less than the number of Shares as provided by the lesser of clauses (i) and (ii). 

  
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 (c) Effect of Forfeitures and Other Actions. Any Shares subject to an Award, or to an
award granted under the Prior Plan that is outstanding on the effective date of this Plan (a “Prior Plan Award”), that expires, is cancelled or forfeited, is settled for cash or otherwise does not result in the issuance of all or a portion
of the Shares subject to such Award (including as a result of settlement in Shares on the exercise of a Stock Appreciation Right) shall, to the extent of such cancellation, forfeiture, expiration, cash settlement or non-issuance, again become
available for Awards under this Plan and, if previously the cause of a decrease, correspondingly increase the total number of Shares available for grant and issuance under Section 4(a). In the event that (i) payment of the exercise price
of any Award or Prior Plan Award is made through the tendering (either actually or by attestation) of Shares by the Participant or by the withholding of Shares by the Company, or (ii) satisfaction of any tax withholding obligations arising from
any Award or Prior Plan Award occurs through the tendering (either actually or by attestation) of Shares by the Participant or by the withholding of Shares by the Company, then the Shares so tendered or withheld shall again become available for
Awards under this Plan, and the total number of Shares available for grant under Section 4(a) shall be correspondingly increased. 

(d) 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 stockholders 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 acquisition or combination) may be used for Awards under the Plan and shall not reduce the Shares authorized for grant under the 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. 

(e) No Fractional Shares. Unless otherwise determined by the Committee, the number of Shares subject to an Award shall always be a
whole number. No fractional Shares may be issued under the Plan, but the Committee may, in its discretion, pay cash in lieu of any fractional Share in settlement of an Award. 

(f) Individual Option and SAR Limit. Subject to adjustment as provided in Section 12(a), the aggregate number of Shares subject to
Options and/or Stock Appreciation Rights granted during any calendar year to any one Participant shall not exceed 600,000 Shares. 
 (g)
Performance-Based Compensation Limit. With respect to Awards of Performance-Based Compensation, (i) the maximum number of Shares that may be the subject of Full Value Awards that are denominated in Shares or Share equivalents and that
are granted to any Participant during any calendar year shall not exceed 600,000 Shares (subject to adjustment as provided in Section 12(a)); and (ii) the maximum amount payable with respect to Full Value Awards that are denominated other
than in Shares or Share equivalents and that are granted to any one Participant during any calendar year shall not exceed $10,000,000. 
 5.
ELIGIBILITY. 
 Participation in the Plan is limited to Service Providers. Incentive Stock Options may only be granted to Employees. 

6. GENERAL TERMS OF AWARDS. 

(a) Award Agreement. Each Award shall be evidenced by an Agreement which contains (either expressly or by reference to this Plan or any
subplan created hereunder) the terms and provisions applicable to an Award (and not inconsistent with the Plan) as determined by the Committee. An Award to a Participant may be made singly or in combination with any form of Award. Two types of
Awards may be made in tandem with each other such that the exercise of one type of Award with respect to a number of Shares reduces the number of Shares subject to the related Award by at least an equal amount. 

  
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 (b) Vesting and Term. Each Agreement shall set forth the period until the applicable Award
is scheduled to expire (which shall not be more than ten years from the Grant Date), and any applicable performance period. The Committee may provide in an Agreement for such vesting conditions and timing as it may determine. 

(c) Transferability. Except as provided in this Section 6(c), (i) during the lifetime of a Participant, only the Participant
or the Participant’s guardian or legal representative may exercise an Option or SAR, or receive payment with respect to any other Award; and (ii) no Award may be sold, assigned, transferred, exchanged or encumbered other than by will or
the laws of descent and distribution. Any attempted transfer in violation of this Section 6(c) shall be of no effect. The Committee may, however, provide in an Agreement or otherwise that an Award (other than an Incentive Stock Option) may be
transferred pursuant to a domestic relations order or may be transferable by gift to any “family member” (as defined in General Instruction A(5) to Form S-8 under the Securities Act of 1933) of the Participant. Any Award held by a
transferee shall continue to be subject to the same terms and conditions that were applicable to that Award immediately before the transfer thereof. For purposes of any provision of the Plan relating to notice to a Participant or to acceleration or
termination of an Award upon the death or termination of service of a Participant, the references to “Participant” shall mean the original grantee of an Award and not any transferee. 

(d) Designation of Beneficiary. A Participant may designate a beneficiary or beneficiaries to exercise any Award or receive a payment
under any Award payable on or after the Participant’s death. Any such designation shall be on a form approved by the Company and shall be effective upon its receipt by the Company. 

(e) Termination of Service. Unless otherwise provided in an Agreement or another written contract between a Participant and the
Company, and subject to Section 12 of this Plan, if a Participant’s Service with the Company and all of its Affiliates terminates, the following provisions shall apply (in all cases subject to the scheduled expiration of an Option or Stock
Appreciation Right, as applicable): 
 (1) Upon termination of Service for Cause, all unexercised Options and SARs and all unvested
portions of any other outstanding Awards shall be immediately forfeited without consideration. 
 (2) Upon termination of Service for any
other reason, all unvested and unexercisable portions of any outstanding Awards shall be immediately forfeited without consideration. 

(3) Upon termination of Service for any reason other than Cause, death or Disability, the currently vested and exercisable portions of
Options and SARs may be exercised for a period of three months after the date of such termination. However, if a Participant thereafter dies during such three-month period, the vested and exercisable portions of the Options and SARs may be exercised
for a period of one year after the date of such termination. 
 (4) Upon termination of Service due to death or Disability, the currently
vested and exercisable portions of Options and SARs may be exercised for a period of one year after the date of such termination. 
 (f)
Rights as Stockholder. No Participant shall have any rights as a stockholder with respect to any Shares covered by an Award unless and until the date the Participant becomes the holder of record of the Shares, if any, to which the Award
relates. 
 (g) Performance-Based Awards. Any Award may be granted as a performance-based Award if the Committee establishes one or
more measures of corporate, business unit or individual performance which must be attained, and the performance period over which the specified performance is to be attained, as a condition to the vesting, exercisability, lapse of restrictions
and/or settlement in cash or Shares of such Award. In connection with any such Award, the Committee shall determine the extent to which performance measures have been attained and other applicable terms and conditions have been satisfied, and the
degree to which vesting, exercisability, lapse of restrictions and/or settlement in cash or Shares of such Award has been earned. Any performance-based Award that is intended by the Committee to qualify as Performance-Based Compensation shall
additionally be subject to the requirements of Section 17 of this Plan. Except as provided in Section 17 with respect to Performance-Based Compensation, the Committee shall also have the authority to provide, in an Agreement or otherwise,
for the modification of a performance period and/or an adjustment or waiver of the achievement of performance measures upon the occurrence of certain events, which may include a Change of Control, a Corporate Transaction, a recapitalization, a
change in the accounting practices of the Company, or the Participant’s death or Disability. 

  
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 (h) Dividends and Dividend Equivalents. No dividends, dividend equivalents or
distributions will be paid with respect to Shares subject to an Option or SAR. Other than regular cash dividends, any dividends or distributions paid with respect to Shares that are subject to the unvested portion of a Restricted Stock Award will be
subject to the same restrictions as the Shares to which such dividends or distributions relate. In its discretion, the Committee may provide in an Agreement for a Stock Unit Award or an Other Stock-Based Award that the Participant will be entitled
to receive dividend equivalents on the units or other Share equivalents subject to the Award based on dividends actually declared and paid on outstanding Shares. The terms of any dividend equivalents will be as set forth in the applicable 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. Any Shares issued or issuable during the term of this Plan as the result
of the reinvestment of dividends or the deemed reinvestment of dividend equivalents in connection with an Award or a Prior Plan Award shall be counted against, and replenish upon any subsequent forfeiture, the Plan’s share reserve as provided
in Section 4. 
 7. STOCK OPTION AWARDS. 

(a) Type and Exercise Price. The Agreement pursuant to which an Option is granted shall specify whether the Option is an Incentive Stock
Option or a Non-Statutory Stock Option. The exercise price at which each Share subject to an Option may be purchased shall be determined by the Committee and set forth in the Agreement, and shall not be less than the Fair Market Value of a Share on
the 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). 

(b) Payment of Exercise Price. The purchase price of the Shares with respect to which an Option is exercised shall be payable in full
at the time of exercise. The purchase price may be paid in cash or in such other manner as the Committee may permit, including by payment under a broker-assisted sale and remittance program, by withholding Shares otherwise issuable to the
Participant upon exercise of the Option or by delivery to the Company of Shares (by actual delivery or attestation) already owned by the Participant (in each case, such Shares having a Fair Market Value as of the date the Option is exercised equal
to the purchase price of the Shares being purchased). 
 (c) Exercisability and Expiration. Each Option shall be exercisable in whole
or in part on the terms provided in the Agreement. No Option shall be exercisable at any time after its scheduled expiration. When an Option is no longer exercisable, it shall be deemed to have terminated. 

(d) Incentive Stock Options. 

(1) An Option will constitute an Incentive Stock Option only if the Participant receiving the Option is an Employee, and only to the extent
that (i) it is so designated in the applicable 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 the 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
Non-Statutory Stock Option. The maximum number of Shares that may be issued upon the exercise of Incentive Stock Options shall equal 1,819,100 plus the maximum number of Shares by which the Plan’s share reserve may be increased pursuant to
Section 4(b). 
 (2) No Participant may receive an Incentive Stock Option under the 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
option 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. 

(3) For purposes of continued Service by a Participant who has been granted an Incentive Stock Option, no approved leave of absence may
exceed three months unless reemployment upon expiration of such leave 

  
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is provided by statute or contract. If reemployment is not so provided, then on the date six months following the first day of such leave, any Incentive Stock Option held by the Participant shall
cease to be treated as an Incentive Stock Option and shall be treated for tax purposes as a Non-Statutory Stock Option. 
 (4) 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 Non-Statutory Stock Option. 

(5) The Agreement covering an Incentive Stock Option shall contain such other terms and provisions that the Committee determines necessary to
qualify the Option as an Incentive Stock Option. 
 8. STOCK APPRECIATION RIGHTS. 

(a) Nature of Award. An Award of Stock Appreciation Rights shall be subject to such terms and conditions as are determined by the
Committee, and shall provide a Participant the right to receive upon exercise of the SAR all or a portion of the excess of (i) the Fair Market Value as of the date of exercise of the SAR of the number of Shares as to which the SAR is being
exercised, over (ii) the aggregate exercise price for such number of Shares. The per Share exercise price for any SAR shall be determined by the Committee and set forth in the applicable Agreement, and shall not be less than the Fair Market
Value of a Share on the Grant Date, except in the case of Substitute Awards (to the extent consistent with Code Section 409A). 
 (b)
Exercise of SAR. Each SAR may be exercisable in whole or in part at the times, on the terms and in the manner provided in the Agreement. No SAR may be exercisable at any time after its scheduled expiration. When a SAR is no longer
exercisable, it shall be deemed to have terminated. Upon exercise of a SAR, payment to the Participant shall be made at such time or times as shall be provided in the Agreement in the form of cash, Shares or a combination of cash and Shares as
determined by the Committee. The Agreement may provide for a limitation upon the amount or percentage of the total appreciation on which payment (whether in cash and/or Shares) may be made in the event of the exercise of a SAR. 

9. RESTRICTED STOCK AWARDS. 

(a) Vesting and Consideration. Shares subject to a Restricted Stock Award shall be subject to vesting and the lapse of applicable
restrictions based on such conditions or factors and occurring over such period of time as the Committee may determine in its discretion. If vesting of a Restricted Stock Award is conditioned on the achievement of specified performance goals, the
extent to which they are achieved over the specified performance period shall determine the number of Shares subject to the Restricted Stock Award that will vest. The Committee may provide whether any consideration other than Services must be
received by the Company or any Affiliate as a condition precedent to the grant of a Restricted Stock Award, and may correspondingly provide for Company reacquisition or repurchase rights if such additional consideration has been required and some or
all of a Restricted Stock Award does not vest. 
 (b) Shares Subject to Restricted Stock Awards. 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 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 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. Such vested Shares may, however, continue to be
subject to certain restrictions as provided in Section 18. Except as otherwise provided in the Plan or an applicable Agreement, a Participant with a Restricted Stock Award shall have all the rights of a shareholder, including the right to vote
the Shares of Restricted Stock. 

  
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 10. STOCK UNIT AWARDS. 

(a) Vesting and Consideration. A Stock Unit Award shall be subject to vesting and the lapse of applicable restrictions based on such
conditions or factors and occurring over such period of time as the Committee may determine in its discretion. If vesting of a Stock Unit Award is conditioned on the achievement of specified performance goals, the extent to which they are achieved
over the specified performance period shall determine the number of Stock Units that will be earned and eligible to vest, which may be greater than the target number of Stock Units stated in the Agreement. The Committee may provide whether any
consideration other than Services must be received by the Company or any Affiliate as a condition precedent to the settlement of a Stock Unit Award. 

(b) Payment of Award. Following the vesting of a Stock Unit Award, and the Company’s determination that any necessary conditions
precedent to the settlement of the Award (such as satisfaction of tax withholding obligations and compliance with applicable legal requirements) have been satisfied, settlement of the Award and payment to the Participant shall be made at such time
or times in the form of cash, Shares (which may themselves be considered Restricted Stock under the Plan) or a combination of cash and Shares as determined by the Committee. Amounts received in settlement may, however, continue to be subject to
certain restrictions as provided in Section 18. If the Stock Unit Award is not by its terms exempt from the requirements of Code Section 409A, then the applicable Agreement shall contain terms and conditions intended to avoid adverse tax
consequences specified in Code Section 409A. 
 11. OTHER STOCK-BASED AWARDS. 

The Committee may from time to time grant Stock and other Awards that are valued by reference to and/or payable in whole or in part in Shares under the Plan.
The Committee shall determine the terms and conditions of such Awards, which shall be consistent with the terms and purposes of the Plan. The Committee may direct the Company to issue Shares subject to restrictive legends and/or stop transfer
instructions that are consistent with the terms and conditions of the Award to which the Shares relate. 
 12. CHANGES IN
CAPITALIZATION, CORPORATE TRANSACTIONS, CHANGE IN CONTROL. 

(a) Adjustments for Changes in Capitalization. In the event of any equity restructuring (within the meaning of FASB ASC Topic 718) that
causes the per share value of Shares to change, such as a stock dividend, stock split, spinoff, rights offering or recapitalization through an extraordinary dividend, the Committee shall make such adjustments as it deems equitable and appropriate to
(i) the aggregate number and kind of Shares or other securities issued or reserved for issuance under the Plan, (ii) the number and kind of Shares or other securities subject to outstanding Awards, (iii) the exercise price of
outstanding Options and SARs, and (iv) any maximum limitations prescribed by the Plan with respect to certain types of Awards or the grants to individuals of certain types of Awards. In the event of any other change in corporate capitalization,
including a merger, consolidation, reorganization, or partial or complete liquidation of the Company, 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 of Participants. In either case, any such adjustment shall be conclusive and binding for all purposes of the Plan. No adjustment shall be made pursuant to this Section 12(a) in connection with the
conversion of any convertible securities of the Company, or in a manner that would cause Incentive Stock Options to violate Section 422(b) of the Code or cause an Award to be subject to adverse tax consequences under Section 409A of the
Code. 
 (b) Corporate Transactions. Unless otherwise provided in an applicable Agreement or another written contract between a
Participant and the Company, the following provisions shall apply to outstanding Awards in the event of a Change in Control that involves a Corporate Transaction. 

(1) Continuation, Assumption or Replacement of Awards. In the event of a Corporate Transaction, then the surviving or successor
entity (or its Parent) may continue, assume or replace Awards outstanding as of the date of the Corporate Transaction (with such adjustments as may be required or permitted by Section 12(a)), and such Awards or replacements therefor shall
remain outstanding and be governed by their respective terms. A surviving or successor entity may elect to continue, assume or replace only some Awards or portions of Awards. For purposes of this Section 12(b)(1), an Award shall be considered
assumed or replaced if, in connection with the Corporate Transaction and in a manner consistent with Code Sections 409A and 424, either (i) the contractual obligations represented by the Award are expressly assumed by the surviving or successor
entity (or its Parent) with 

  
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appropriate adjustments to the number and type of securities subject to the Award and the exercise price thereof that preserves the intrinsic value of the Award existing at the time of the
Corporate Transaction, or (ii) the Participant has received a comparable equity-based award that preserves the intrinsic value of the Award existing at the time of the Corporate Transaction and contains terms and conditions that are
substantially similar to those of the Award. 
 (2) Acceleration. If and to the extent that outstanding Awards under the Plan
are not continued, assumed or replaced in connection with a Corporate Transaction, then the Committee may provide that (i) some or all outstanding Options and SARs shall become fully exercisable for such period of time prior to the effective
time of the Corporate Transaction as is deemed fair and equitable by the Committee, and shall terminate at the effective time of the Corporate Transaction, and (ii) some or all outstanding Full Value Awards shall fully vest immediately prior to
the effective time of the Corporate Transaction. The Committee will not be required to treat all Awards similarly for purposes of this Section 12(b)(2). The Committee shall provide written notice of the period of accelerated exercisability of
Options and SARs to all affected Participants. The exercise of any Option or SAR whose exercisability is accelerated as provided in this Section 12(b)(2) shall be conditioned upon the consummation of the Corporate Transaction and shall be
effective only immediately before such consummation. 
 (3) Payment for Awards. If and to the extent that outstanding Awards
under the Plan are not continued, assumed or replaced in connection with a Corporate Transaction, then the Committee may provide that some or all of such outstanding Awards shall be canceled at or immediately prior to the effective time of the
Corporate Transaction in exchange for payments to the holders as provided in this Section 12(b)(3). The Committee will not be required to treat all Awards similarly for purposes of this Section 12(b)(3). The payment for any Award
surrendered shall be in an amount equal to the difference, if any, between (i) the fair market value (as determined in good faith by the Committee) of the consideration that would otherwise be received in the Corporate Transaction for the
number of Shares subject to the Award, and (ii) the aggregate exercise price (if any) for the Shares subject to such Award. If the amount determined pursuant to clause (i) of the preceding sentence is less than or equal to the amount
determined pursuant to clause (ii) of the preceding sentence with respect to any Award, such Award may be canceled pursuant to this Section 12(b)(3) without payment of any kind to the affected Participant. Payment of any amount under this
Section 12(b)(3) shall be made in such form, on such terms and subject to such conditions as the Committee determines in its discretion, which may or may not be the same as the form, terms and conditions applicable to payments to the
Company’s stockholders in connection with the Corporate Transaction, and may, in the Committee’s discretion, include subjecting such payments to vesting conditions comparable to those of the Award surrendered, subjecting such payments to
escrow or holdback terms comparable to those imposed upon the Company’s stockholders under the Corporate Transaction, or calculating and paying the present value of payments that would otherwise be subject to escrow or holdback terms. 

(c) Other Change in Control. In the event of a Change in Control that does not involve a Corporate Transaction, the Committee may, in
its discretion, take such action as it deems appropriate with respect to outstanding Awards, which may include: (i) providing for the cancellation of any Award in exchange for payments in a manner similar to that provided in
Section 12(b)(3) or (ii) making such adjustments to the Awards then outstanding as the Committee deems appropriate to reflect such change in control, which may include the acceleration of vesting in full or in part. The Committee will not
be required to treat all Awards similarly in such circumstances, and may include such further provisions and limitations in any Award Agreement as it may deem equitable and in the best interests of the Company. 

(d) Dissolution or Liquidation. Unless otherwise provided in an applicable Agreement, in the event of a proposed dissolution or
liquidation of the Company, the Committee will notify each Participant as soon as practicable prior to the effective date of such proposed transaction. An Award will terminate immediately prior to the consummation of such proposed action. 

13. PLAN PARTICIPATION AND SERVICE PROVIDER STATUS. 

Status as a Service Provider shall not be construed as a commitment that any Award will be made under the Plan to that Service Provider or to eligible Service
Providers generally. Nothing in the Plan or in any Agreement or related documents shall confer upon any Service Provider or Participant any right to continued Service with the Company or any Affiliate, nor shall it interfere with or limit in any way
any right of the Company or any Affiliate to terminate the person’s Service at any time with or without Cause or change such person’s compensation, other benefits, job responsibilities or title. 

  
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 14. TAX WITHHOLDING. 

The Company or any Affiliate, as applicable, shall have the right to (i) withhold from any cash payment under the Plan or any other compensation owed to a
Participant an amount sufficient to cover any required withholding taxes related to the grant, vesting, exercise or settlement of an Award, and (ii) require a Participant or other person receiving Shares under the Plan to pay a cash amount
sufficient to cover any required withholding taxes before actual receipt of those Shares. In lieu of all or any part of a cash payment from a person receiving Shares under the Plan, the Committee may permit the individual to cover all or any part of
the required tax withholdings (but not to exceed the minimum statutory amount required to be withheld if such limitation is necessary to avoid an adverse accounting impact) by authorizing the Company to withhold a number of the Shares that would
otherwise be delivered to the Participant, or by delivering to the Company Shares already owned by the Participant, with the Shares so withheld or delivered having a Fair Market Value on the date the taxes are required to be withheld equal to the
amount of taxes to be withheld. 
 15. EFFECTIVE DATE, DURATION, AMENDMENT AND
TERMINATION OF THE PLAN. 
 (a) Effective Date. The Plan shall become
effective on the date it is approved by the Company’s stockholders, which shall be considered the date of its adoption for purposes of Treasury Regulation §1.422-2(b)(2)(i). No Awards shall be made under the Plan prior to its effective
date. 
 (b) Duration of the Plan. The Plan shall remain in effect until all Shares subject to it are distributed, all Awards have
expired or terminated or the Plan is terminated pursuant to Section 15(c), or the tenth anniversary of the effective date of the Plan, whichever occurs first (the “Termination Date”). Awards made before the Termination Date may
be exercised, vested or otherwise effectuated beyond the Termination Date unless limited in the Agreement or otherwise. 
 (c) Amendment
and Termination of the Plan. The Board may at any time terminate, suspend or amend the Plan. The Company shall submit any amendment of the Plan to its stockholders for approval only to the extent required by applicable laws or regulations or the
rules of any securities exchange on which the Shares may then be listed. No termination, suspension, or amendment of the Plan may materially impair the rights of any Participant under a previously granted Award without the Participant’s
consent, unless such action is necessary to comply with applicable law or stock exchange rules. 
 (d) Amendment of Awards. Subject
to Section 15(e), the Committee may unilaterally amend the terms of any Agreement previously granted, except that no such amendment may materially impair the rights of any Participant under the applicable Award without the Participant’s
consent, unless such amendment is necessary to comply with applicable law, stock exchange rules or any compensation recovery policy as provided in Section 18(h)(2). 

(e) No Option or SAR Repricing. Except as provided in Section 12(a), no Option or SAR granted under the Plan may be
(i) amended to decrease the exercise price thereof, (ii) cancelled in conjunction with the grant of any new Option or SAR with a lower exercise price, (iii) cancelled in exchange for cash, other property or the grant of any Full Value
Award at a time when the per share exercise price of the Option or SAR is greater than the current Fair Market Value of a Share, or (iv) otherwise subject to any action that would be treated under accounting rules as a “repricing” of
such Option or SAR, unless such action is first approved by the Company’s stockholders. 
 16. SUBSTITUTE AWARDS.

 The Committee may also grant Awards under the Plan in substitution for, or in connection with the assumption of, existing awards granted or issued by
another entity and assumed or otherwise agreed to be provided for by the Company pursuant to or by reason of a transaction involving a merger, consolidation, acquisition of property or stock, separation, reorganization or liquidation to which the
Company or an Affiliate is a party. The terms and conditions of the Substitute Awards may vary from the terms and conditions set forth in the Plan to the extent that the Board at the time of the grant may deem appropriate to conform, in whole or in
part, to the provisions of the awards in substitution for which they are granted. 

  
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 17. PERFORMANCE-BASED COMPENSATION. 

(a) Designation of Awards. If the Committee determines at the time a Full Value Award is granted to a Participant that such Participant
is, or is likely to be, a “covered employee” for purposes of Code Section 162(m) as of the end of the tax year in which the Company would ordinarily claim a tax deduction in connection with such Award, then the Committee may provide
that this Section 17 will be applicable to such Award, which shall be considered Performance-Based Compensation. 
 (b) Performance
Measures. If an Award is subject to this Section 17, then the lapsing of restrictions thereon and the distribution of cash, Shares or other property pursuant thereto, as applicable, shall be subject to the achievement over the applicable
performance period of one or more performance goals based on one or more of the performance measures specified in Section 17(c). The Committee will select the applicable performance measure(s) and specify the performance goal(s) based on those
performance measures for any performance period, specify in terms of an objective formula or standard the method for calculating the amount payable to a Participant if the performance goal(s) are satisfied, and certify the degree to which applicable
performance goals have been satisfied and any amount that vests and is payable in connection with an Award subject to this Section 17, all within the time periods prescribed by and consistent with the other requirements of Code
Section 162(m). In specifying the performance goals applicable to any performance period, the Committee may provide that one or more objectively determinable adjustments shall be made to the performance measures on which the performance goals
are based, which may include adjustments that would cause such measures to be considered “non-GAAP financial measures” within the meaning of Rule 101 under Regulation G promulgated by the Securities and Exchange Commission, such as
excluding the impact of specified unusual or nonrecurring events such as acquisitions, divestitures, restructuring activities, asset write-downs, litigation judgments or settlements or changes in tax laws or accounting principles. The Committee may
also adjust performance measures for a performance period to the extent permitted by Code Section 162(m) in connection with an event described in Section 12(a) to prevent the dilution or enlargement of a Participant’s rights with
respect to Performance-Based Compensation. The Committee may adjust downward, but not upward, any amount determined to be otherwise payable in connection with such an Award. The Committee may also provide, in an Agreement or otherwise, that the
achievement of specified performance goals in connection with an Award subject to this Section 17 may be waived upon the death or Disability of the Participant or under any other circumstance with respect to which the existence of such possible
waiver will not cause the Award to fail to qualify as “performance-based compensation” under Code Section 162(m). 
 (c) For
purposes of any Full Value Award considered Performance-Based Compensation subject to this Section 17, the performance measures to be utilized shall be limited to one or a combination of two or more of the following performance criteria:
(i) net earnings or net income; (ii) earnings before one or more of interest, taxes, depreciation, amortization and share-based compensation expense; (iii) earnings per share (basic or diluted); (iv) revenue; (v) gross
profit; (vi) operating income; (vii) profitability as measured by return ratios (including, but not limited to, return on assets, return on equity, return on invested capital and return on revenue) or by the degree to which any of the
foregoing earnings measures exceed a percentage of revenue or gross profit; (viii) cash flow (including, but not limited to, operating cash flow, free cash flow and cash flow return on capital); (ix) market share; (x) margins
(including, but not limited to, one or more of gross, operating and net earnings margins); (xi) stock price; (xii) total stockholder return; (xiii) asset quality; (xiv) non-performing assets; (xv) operating assets;
(xvi) balance of cash, cash equivalents and marketable securities; (xvii) cost and expense management; (xviii) economic value added or similar value added measurements; (xix) improvement in or attainment of working capital
levels; (xx) productivity ratios; (xxi) employee retention or satisfaction measures; (xxii) safety record; (xxiii) customer satisfaction; (xxiv) debt, credit or other leverage measures or ratios; (xxv) implementation or
completion of critical projects and (xxvi) achievement of operational objectives, including, without limitation, enrollment guidelines, clinical results and number of clinical sites. Any performance goal based on one or more of the foregoing
performance measures may be expressed in absolute amounts, on a per share basis (basic or diluted), relative to one or more other performance measures, as a growth rate or change from preceding periods, or as a comparison to the performance of
specified companies, indices or other external measures, and may relate to one or any combination of Company, Affiliate, division, business unit, operational unit or individual performance. 

  
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 18. OTHER PROVISIONS. 

(a) Unfunded Plan. The Plan shall be unfunded and the Company shall not be required to segregate any assets that may at any time be
represented by Awards under the Plan. Neither the Company, its Affiliates, the Committee, nor the Board shall be deemed to be a trustee of any amounts to be paid under the Plan nor shall anything contained in the Plan or any action taken pursuant to
its provisions create or be construed to create a fiduciary relationship between the Company and/or its Affiliates, and a Participant. To the extent any person has or acquires a right to receive a payment in connection with an Award under the Plan,
this right shall be no greater than the right of an unsecured general creditor of the Company. 
 (b) Limits of Liability. Except as
may be required by law, neither the Company nor any member of the Board or of the Committee, nor any other person participating (including participation pursuant to a delegation of authority under Section 3(c) of the Plan) in any determination
of any question under the Plan, or in the interpretation, administration or application of the Plan, shall have any liability to any party for any action taken, or not taken, in good faith under the Plan. 

(c) Compliance with Applicable Legal Requirements. No Shares distributable pursuant to the Plan shall be issued and delivered unless
the issuance of the Shares complies with all applicable legal requirements, including compliance with the provisions of applicable state and federal securities laws, and the requirements of any securities exchanges on which the Company’s Shares
may, at the time, be listed. During any period in which the offering and issuance of Shares under the Plan is not registered under federal or state securities laws, Participants shall acknowledge that they are acquiring Shares under the Plan for
investment purposes and not for resale, and that Shares may not be transferred except pursuant to an effective registration statement under, or an exemption from the registration requirements of, such securities laws. Any stock certificate or
book-entry evidencing Shares issued under the Plan that are subject to securities law restrictions shall bear or be accompanied by an appropriate restrictive legend or stop transfer instruction. 

(d) Other Benefit and Compensation Programs. Payments and other benefits received by a Participant under an Award made pursuant to the
Plan shall not be deemed a part of a Participant’s regular, recurring compensation for purposes of the termination, indemnity or severance pay laws of any country and shall not be included in, nor have any effect on, the determination of
benefits under any other employee benefit plan, contract or similar arrangement provided by the Company or an Affiliate unless expressly so provided by such other plan, contract or arrangement, or unless the Committee expressly determines that an
Award or portion of an Award should be included to accurately reflect competitive compensation practices or to recognize that an Award has been made in lieu of a portion of competitive cash compensation. 

(e) Governing Law. To the extent that federal laws do not otherwise control, the Plan and all determinations made and actions taken
pursuant to the Plan shall be governed by the laws of the State of Delaware without regard to its conflicts of law principles and shall be construed accordingly. 

(f) Severability. If any provision of the Plan shall be held illegal or invalid for any reason, the illegality or invalidity shall not
affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not been included. 

  
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 (g) Code Section 409A. It is intended that (i) all Awards of Options, SARs and
Restricted Stock under the Plan will not provide for the deferral of compensation within the meaning of Code Section 409A and thereby be exempt from Code Section 409A, and (ii) all other Awards under the Plan will either not provide
for the deferral of compensation within the meaning of Code Section 409A, or will comply with the requirements of Code Section 409A, and Awards shall be structured and the Plan administered and interpreted in accordance with this intent.
The Plan and any Agreement may be unilaterally amended by the Company in any manner deemed necessary or advisable by the Committee or Board in order to maintain such exemption from or compliance with Code Section 409A, and any such amendment
shall conclusively be presumed to be necessary to comply with applicable law. Notwithstanding anything to the contrary in the Plan or any Agreement, with respect to any Award that constitutes a deferral of compensation subject to Code
Section 409A: 
 (1) If any amount is payable under such Award upon a termination of Service, a termination of Service will be deemed
to have occurred only at such time as the Participant has experienced a “separation from service” as such term is defined for purposes of Code Section 409A; 

(2) If any amount shall be payable with respect to any such Award as a result of a Participant’s “separation from service” at
such time as the Participant is a “specified employee” within the meaning of Code Section 409A, then no payment shall be made, except as permitted under Code Section 409A, prior to the first business day after the earlier of
(i) the date that is six months after the Participant’s separation from service or (ii) the Participant’s death. Unless the Committee has adopted a specified employee identification policy as contemplated by Code
Section 409A, specified employees will be identified in accordance with the default provisions specified under Code Section 409A. 
 None of the
Company, the Board, the Committee nor any other person involved with the administration of this Plan shall (i) in any way be responsible for ensuring the exemption of any Award from, or compliance by any Award with, the requirements of Code
Section 409A, (ii) have any obligation to design or administer the Plan or Awards granted thereunder in a manner that minimizes a Participant’s tax liabilities, including the avoidance of any additional tax liabilities under Code
Section 409A, and (iii) shall have any liability to any Participant for any such tax liabilities. 
 (h) Forfeiture and
Compensation Recovery. 
 (1) The Committee may specify in an Agreement that the Participant’s rights, payments, and benefits with
respect to an Award will be subject to reduction, cancellation, forfeiture or recovery by the Company upon the occurrence of certain specified events, in addition to any otherwise applicable vesting or performance conditions of an Award. Such events
may include termination of Service for Cause; violation of any material Company or Affiliate policy; breach of noncompetition, non-solicitation or confidentiality provisions that apply to the Participant; a determination that the payment of the
Award was based on an incorrect determination that financial or other criteria were met; or other conduct by the Participant that is detrimental to the business or reputation of the Company or its Affiliates. 

(2) Awards and any compensation associated therewith may be made subject to forfeiture, recovery by the Company or other action pursuant to
any compensation recovery policy adopted by the Board or the Committee at any time, including in response to the requirements of Section 10D of the Exchange Act and any implementing rules and regulations thereunder, or as otherwise required by
law. Any Agreement may be unilaterally amended by the Committee to comply with any such compensation recovery policy. 

  
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