Exhibit 10.6


 


MATINAS BIOPHARMA HOLDINGS, INC.


 


2013 EQUITY COMPENSATION PLAN 


 


(As amended and restated effective as
of May 8, 2014)


 


		1.	Establishment and Purpose



 


The purpose of the
Matinas BioPharma Holdings, Inc. 2013 Equity Incentive Plan (the “Plan”) is to provide a means whereby eligible employees,
officers, non-employee directors and other individual service providers develop a sense of proprietorship and personal involvement
in the development and financial success of the Company and to encourage them to devote their best efforts to the business of the
Company, thereby advancing the interests of the Company and its stockholders. The Company, by means of the Plan, seeks to retain
the services of such eligible persons and to provide incentives for such persons to exert maximum efforts for the success of the
Company and its Subsidiaries.


 


The Plan permits the
grant of Nonqualified Stock Options, Incentive Stock Options, Stock Appreciation Rights, Restricted Stock, Stock Units, Performance
Shares, Performance Units, Incentive Bonus Awards, Other Cash-Based Awards and Other Stock-Based Awards. This Plan shall become
effective upon the date set forth in Section 18.1 hereof.


 


		2.	Definitions



 


Wherever the following
capitalized terms are used in the Plan, they shall have the meanings specified below:


 


2.1“Affiliate”
means, with respect to a Person, a Person that directly or indirectly Controls, or is Controlled by, or is under common Control
with, such Person.


 


2.2“Applicable
Law” means the requirements relating to the administration of equity-based awards or equity compensation plans under
U.S. state corporate laws, U.S. federal and state securities laws, the Code, any stock exchange or quotation system on which the
Common Stock is listed or quoted and the applicable laws of any foreign country or jurisdiction where Awards are, or will be, granted
under the Plan.


 


2.3“Award”
means an award of a Stock Option, Stock Appreciation Right, Restricted Stock, Stock Unit, Performance Share, Performance Unit,
Incentive Bonus Award, Other Cash-Based Award and/or Other Stock-Based Award granted under the Plan.


 


2.4“Award
Agreement” means either (i) a written or electronic agreement entered into between the Company and a Participant setting
forth the terms and conditions of an Award including any amendment or modification thereof, or (ii) a written or electronic statement
issued by the Company to a Participant describing the terms and provisions of such Award, 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. Each Award Agreement shall
be subject to the terms and conditions of the Plan and need not be identical.


 


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


 






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2.6“Cause”
means (i) conviction of, or the entry of a plea of guilty or no contest to, a felony or any other crime that causes the Company
or its Affiliates public disgrace or disrepute, or materially and adversely affects the Company’s or its Affiliates’
operations or financial performance or the relationship the Company has with its customers, (ii) gross negligence or willful misconduct
with respect to the Company or any of its Affiliates, including, without limitation fraud, embezzlement, theft or proven dishonesty
in the course of his or her employment; (iii) refusal to perform any lawful, material obligation or fulfill any duty (other than
any duty or obligation of the type described in clause (v) below) to the Company or its Affiliates (other than due to a Disability),
which refusal, if curable, is not cured within 10 days after delivery of written notice thereof; (iv) material breach of any agreement
with or duty owed to the Company or any of its Affiliates, which breach, if curable, is not cured within 10 days after the delivery
of written notice thereof; or (v) any breach of any obligation or duty to the Company or any of its Affiliates (whether arising
by statute, common law or agreement) relating to confidentiality, noncompetition, nonsolicitation or proprietary rights. Notwithstanding
the foregoing, if a Participant and the Company (or any of its Affiliates) have entered into an employment agreement, consulting
agreement or other similar agreement that specifically defines “cause,” then with respect to such Participant, “Cause”
shall have the meaning defined in that employment agreement, consulting agreement or other agreement.


 


2.7“Change
in Control” means, unless otherwise provided in an Award Agreement, the occurrence of any one of the following events:


 


(i)any
“person,” including a “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act,
but excluding the Company, any entity Controlling, Controlled by or under common Control with the Company, any trustee, fiduciary
or other person or entity holding securities under any employee benefit plan or trust of the Company or any such entity, and, with
respect to any particular Participant, the Participant and any “group” (as such term is used in Section 13(d)(3) of
the Exchange Act) of which the Participant is a member), is or becomes the “beneficial owner” (as defined in Rule 13(d)(3)
under the Exchange Act), directly or indirectly, of securities of the Company representing 50% or more of either (A) the combined
voting power of the Company’s then outstanding securities or (B) the then outstanding shares of Common Stock (in either such
case other than as a result of an acquisition of securities directly from the Company); or


 


(ii)any
consolidation or merger of the Company where the stockholders of the Company, immediately prior to the consolidation or merger,
would not, immediately after the consolidation or merger, beneficially own (as such term is defined in Rule 13d-3 under the Exchange
Act), directly or indirectly, shares representing in the aggregate 50% or more of the combined voting power of the securities of
the corporation issuing cash or securities in the consolidation or merger (or of its ultimate parent corporation, if any); or


 


(iii)there
shall occur (A) any sale, lease, exchange or other transfer (in one transaction or a series of transactions contemplated or arranged
by any party as a single plan) of all or substantially all of the assets of the Company, other than a sale or disposition by the
Company of all or substantially all of the Company’s assets to an entity, at least 50% of the combined voting power of the
voting securities of which are owned by “persons” (as defined above) in substantially the same proportion as their
ownership of the Company immediately prior to such sale or (B) the approval by stockholders of the Company of any plan or proposal
for the liquidation or dissolution of the Company; or


 


(iv)the
members of the Board at the beginning of any consecutive 24-calendar-month period (the “Incumbent Directors”) cease
for any reason other than due to death to constitute at least a majority of the members of the Board; provided that any Director
whose election, or nomination for election by the Company’s stockholders, was approved or ratified by a vote of at least
a majority of the members of the Board then still in office who were members of the Board at the beginning of such 24-calendar-month
period, shall be deemed to be an Incumbent Director.


 


Notwithstanding
the foregoing, no event or condition shall constitute a Change in Control to the extent that, if it were, a 20% tax would be imposed
under Section 409A of the Code; provided that, in such a case, the event or condition shall continue to constitute a Change in
Control to the maximum extent possible (e.g., if applicable, in respect of vesting without an acceleration of distribution) without
causing the imposition of such 20% tax.


 






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2.8“Code”
means the Internal Revenue Code of 1986, as amended. 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“Committee”
means the committee of the Board delegated with the authority to administer the Plan, or the full Board, as provided in Section
3 of the Plan. With respect to any decision involving an Award intended to satisfy the requirements of Section 162(m) of the Code,
the Committee shall consist of two or more directors of the Company who are “outside directors” within the meaning
of Section 162(m) of the Code. With respect to any decision relating to a Reporting Person, the Committee shall consist solely
of two or more directors who are disinterested within the meaning of Rule16b-3 promulgated under the Exchange Act, as amended from
time to time, or any successor provision. The fact that a Committee member shall fail to qualify under any of these requirements
shall not invalidate an Award if the Award is otherwise validly made under the Plan. The Board may at any time appoint additional
members to the Committee, remove and replace members of the Committee with or without cause, and fill vacancies on the Committee
however caused.


 


2.10“Common
Stock” means the Company’s Common Stock, par value $.0001 per share.


 


2.11“Company”
means Matinas BioPharma Holdings, Inc., a Delaware corporation, and any successor thereto as provided in Section 16.8.


 


2.12“Control”
means, as to any Person, the power to direct or cause the direction of the management and policies of such Person, or the power
to appoint directors of the Company, whether through the ownership of voting securities, by contract or otherwise (the terms “Controlled
by”, “Controlling” and “under common Control with” shall have correlative meanings).


 


2.13“Date
of Grant” means the date on which an Award under the Plan is granted by the Committee, or such later date as the Committee
may specify to be the effective date of an Award.


 


2.14“Disability”
means a Participant being considered “disabled” within the meaning of Section 409A of the Code and Treasury Regulation
1.409A-3(i)(4), as well as any successor regulation or interpretation.


 


2.15“Effective
Date” means the date set forth in Section 18.1 hereof.


 


2.16“Eligible
Person” means any person who is an employee, officer, director, consultant, advisor or other individual service provider
of the Company or any Subsidiary, or any person who is determined by the Committee to be a prospective employee, officer, director,
consultant, advisor or other individual service provider of the Company or any Subsidiary.


 


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


 


2.18“Fair
Market Value” of a share of Common Stock shall be, as applied to a specific date (i) the closing price of a share of
Common Stock as of such date on the principal established stock exchange or national market system on which the Common Stock is
then traded, or if there were no trades of the Common Stock recorded as of such date, then the most recent date preceding such
date on which trades of the Common Stock were so recorded, or (ii) if the shares of Common Stock are not then traded on an established
stock exchange or national market system but are then traded in an over-the-counter market, the average of the closing bid and
asked prices for the shares of Common Stock in such over-the-counter market as of such date, or if there are no closing bid and
asked prices for the shares of Common Stock in such over-the-counter market on such date, then the average of the closing bid and
asked prices for the shares of Common Stock on the most recent date preceding such date on which such closing bid and asked prices
are available on such over-the-counter market, or (iii) if the shares of Common Stock are not then listed on a national securities
exchange or national market system or traded in an over-the-counter market, the price of a share of Common Stock as determined
by the Committee in its discretion in a manner consistent with Section 409A of the Code and Treasury Regulation 1.409A-1(b)(5)(iv),
as well as any successor regulation or interpretation. Notwithstanding the foregoing, solely for purposes of determining the exercise
price of any grant of a Stock Option or the base price of any grant of a Stock Appreciation Right, in lieu of the determination
of Fair Market Value under clauses (i) and (ii) above, the Committee may in its discretion base Fair Market Value on the last sale
before or the first sale after the grant, the closing price on the trading day before or the trading day of the grant, the arithmetic
mean of the high and low prices on the trading day before or the trading day of the grant, or any other reasonable method using
actual transactions of the Common Stock as reported by the exchange or market on which the Common Stock is traded. In addition,
the determination of Fair Market Value also may be made using any other method permitted under Treasury Regulation section 1.409A-1(b)(5)(iv).


 






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2.19“Incentive
Bonus Award” means an Award granted under Section 12 of the Plan.


 


2.20“Incentive
Stock Option” means a Stock Option granted under Section 6 hereof that is intended to meet the requirements of Section
422 of the Code and the regulations promulgated thereunder.


 


2.21“Nonqualified
Stock Option” means a Stock Option granted under Section 6 hereof that is not an Incentive Stock Option.


 


2.22“Other
Cash-Based Award” means a contractual right granted to an Eligible Person under Section 13 hereof entitling such Eligible
Person to receive a cash payment at such times, and subject to such conditions, as are set forth in the Plan and the applicable
Award Agreement.


 


2.23“Other
Stock-Based Award” means a contractual right granted to an Eligible Person under Section 13 representing a notional unit
interest equal in value to a share of Common Stock to be paid and distributed at such times, and subject to such conditions as
are set forth in the Plan and the applicable Award Agreement.


 


2.24“Participant”
means any Eligible Person who holds an outstanding Award under the Plan.


 


2.25“Person”
shall mean any individual, partnership, firm, trust, corporation, limited liability company or other similar entity. When two or
more Persons act as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing
of Common Stock, such partnership, limited partnership, syndicate or group shall be deemed a “Person”


 


2.26 “Performance
Measures” mean the measures of performance of the Company and its Subsidiaries as more fully described in Section 14
of the Plan and Exhibit A hereto.


 


2.27“Performance
Shares” means a contractual right granted to an Eligible Person under Section 10 hereof representing a notional unit
interest equal in value to a share of Common Stock to be paid and distributed at such times, and subject to such conditions, as
are set forth in the Plan and the applicable Award Agreement.


 


2.28“Performance
Unit” means a contractual right granted to an Eligible Person under Section 11 hereof representing a notional dollar
interest as determined by the Committee to be paid and distributed at such times, and subject to such conditions, as are set forth
in the Plan and the applicable Award Agreement.


 


2.29“Plan”
means this Matinas BioPharma Holdings, Inc. 2013 Equity Incentive Plan, as it may be amended from time to time.


 






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2.30“Reporting
Person” means an officer, director or greater than ten percent stockholder of the Company within the meaning of Rule
16a-2 under the Exchange Act, who is required to file reports pursuant to Rule 16a-3 under the Exchange Act.


 


2.31“Restricted
Stock Award” means a grant of shares of Common Stock to an Eligible Person under Section 8 hereof that are issued subject
to such vesting and transfer restrictions and such other conditions as are set forth in the Plan and the applicable Award Agreement.


 


2.32“Securities
Act” means the Securities Act of 1933, as amended.


 


2.33“Service”
means a Participant’s employment or other service relationship with the Company or any Subsidiary.


 


2.34“Stock
Appreciation Right” means a contractual right granted to an Eligible Person under Section 7 hereof entitling such Eligible
Person to receive a payment, upon the exercise of such right, in such amount and at such time, and subject to such conditions,
as are set forth in the Plan and the applicable Award Agreement.


 


2.35“Stock
Option” means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock
at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.


 


2.36 “Stock
Unit Award” means a contractual right granted to an Eligible Person under Section 9 hereof representing notional unit
interests equal in value to a share of Common Stock to be paid and distributed at such times, and subject to such conditions,
as are set forth in the Plan and the applicable Award Agreement.


 


2.37“Stockholders”
Agreement” means an agreement between a Participant and the Company as contemplated by Section 16.11.


 


2.38“Subsidiary”
means an entity (whether or not a corporation) that is wholly or majority owned or controlled, directly or indirectly, by the Company;
provided, however, that with respect to Incentive Stock Options, the term “Subsidiary” shall include only an entity
that qualifies under section 424(f) of the Code as a “subsidiary corporation” with respect to the Company.


 






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		3.	Administration



 


3.1Committee
Members. The Plan shall be administered by the Committee; provided that the entire Board may act in lieu of the Committee on
any matter, subject to Code Section 162(m) and 16b-3 Award requirements referred to in Section 2.9 of the Plan. If and to the extent
permitted by Applicable Law, the Committee may authorize one or more Reporting Persons (or other officers) to make Awards to Eligible
Persons who are not Reporting Persons (or other officers whom the Committee has specifically authorized to make Awards). Subject
to Applicable Law and the restrictions set forth in the Plan, the Committee may delegate administrative functions to individuals
who are Reporting Persons, officers, or employees of the Company or its Subsidiaries.


 


3.2Committee
Authority. The Committee shall have such powers and authority as may be necessary or appropriate for the Committee to carry
out its functions as described in the Plan. Subject to the express limitations of the Plan, the Committee shall have authority
in its discretion to determine the Eligible Persons to whom, and the time or times at which, Awards may be granted, the number
of shares, units or other rights subject to each Award, the exercise, base or purchase price of an Award (if any), the time or
times at which an Award will become vested, exercisable or payable, the performance criteria, performance goals and other conditions
of an Award, the duration of the Award, and all other terms of the Award. Subject to the terms of the Plan, the Committee shall
have the authority to amend the terms of an Award in any manner that is not inconsistent with the Plan (including to extend the
post-termination exercisability period of Stock Options and Stock Appreciation Rights), provided that no such action shall adversely
affect the rights of a Participant with respect to an outstanding Award without the Participant’s consent. The Committee
shall also have discretionary authority to interpret the Plan, to make all factual determinations under the Plan, and to make all
other determinations necessary or advisable for Plan administration, including, without limitation, to correct any defect, to supply
any omission or to reconcile any inconsistency in the Plan or any Award Agreement hereunder. The Committee may prescribe, amend,
and rescind rules and regulations relating to the Plan. The Committee’s determinations under the Plan need not be uniform
and may be made by the Committee selectively among Participants and Eligible Persons, whether or not such persons are similarly
situated. The Committee shall, in its discretion, consider such factors as it deems relevant in making its interpretations, determinations
and actions under the Plan including, without limitation, the recommendations or advice of any officer or employee of the Company
or such attorneys, consultants, accountants or other advisors as it may select. All interpretations, determinations, and actions
by the Committee shall be final, conclusive, and binding upon all parties.


 


3.3No Liability;
Indemnification. Neither the Board nor any Committee member, nor any Person acting at the direction of the Board or the Committee,
shall be liable for any act, omission, interpretation, construction or determination made in good faith with respect to the Plan,
any Award or any Award Agreement.  The Company and its Subsidiaries shall pay or reimburse any member of the Committee, as
well as any other Person who takes action on behalf of the Plan, for all reasonable expenses incurred with respect to the Plan,
and to the full extent allowable under Applicable Law shall indemnify each and every one of them for any claims, liabilities, and
costs (including reasonable attorney’s fees) arising out of their good faith performance of duties on behalf of the Company
with respect to the Plan.  The Company and its Subsidiaries may, but shall not be required to, obtain liability insurance
for this purpose.


 


		4.	Shares Subject to the Plans



 


4.1Share Limitation.


 


(a)Subject to adjustment
pursuant to Section 4.2 hereof and any other applicable provisions hereof, the maximum aggregate number of shares of Common Stock
which may be issued under all Awards granted to Participants under the Plan shall be 8,250,000 shares (the “Initial
Limit”), all of which may, but need not, be issued in respect of Incentive Stock Options. The number of shares of Common
Stock available for issuance under the Plan shall automatically increase on January 1st of each year for a period of ten years,
commencing on January 1, 2015 in an amount equal to four percent (4%) of the total number of shares of Common Stock outstanding
on December 31st of the preceding calendar year (the “Annual Increase”). Notwithstanding the foregoing, the Board may
act prior to the first day of any calendar year, to provide that there shall be no increase in the share reserve for such calendar
year or that the Annual Increase in the share reserve for such calendar year shall be a lesser number of shares of Common Stock
than would otherwise occur pursuant to the preceding sentence. The number of shares of Common Stock which may be issued in respect
of Incentive Stock Options shall be equal to the Initial Limit, and shall be increased on each January 1, commencing on January
1, 2015, by the Annual Increase for such calendar year.


 






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(b)Shares of Common Stock
issued under the Plan may be either authorized but unissued shares or shares held in the Company’s treasury. Any shares of
Common Stock subject to Awards that are settled in Common Stock shall be counted against the maximum share limitations of this
Section 4.1 as one share of Common Stock for every share of Common Stock subject thereto, regardless of the number of shares of
Common Stock actually issued to settle the Stock Option or Stock Appreciation Right upon exercise. To the extent that any Award
under the Plan payable in shares of Common Stock is forfeited, cancelled, returned to the Company for failure to satisfy vesting
requirements or upon the occurrence of other forfeiture events, or otherwise terminates without payment being made thereunder,
the shares of Common Stock covered thereby will no longer be counted against the foregoing maximum share limitations and may again
be made subject to Awards under the Plan pursuant to such limitations. Shares of Common Stock that otherwise would have been issued
upon the exercise of a Stock Option or in payment with respect to any other form of Award, that are surrendered in payment or partial
payment of taxes required to be withheld with respect to the exercise of such Stock Option or the making of such payment, will
no longer be counted against the foregoing maximum share limitations and may again be made subject to Awards under the Plan pursuant
to such limitations.


 


4.2Adjustments.
If there shall occur any change with respect to the outstanding shares of Common Stock by reason of any recapitalization, reclassification,
stock dividend, extraordinary dividend, stock split, reverse stock split, or other distribution with respect to the shares of Common
Stock, or any merger, reorganization, consolidation, combination, spin-off or other similar corporate change, or any other change
affecting the Common Stock, the Committee shall, in the manner and to the extent that it deems appropriate and equitable to the
Participants and consistent with the terms of the Plan, cause an adjustment to be made in (i) the maximum numbers and kind of shares
provided in Section 4.1 hereof, (ii) the numbers and kind of shares of Common Stock, units, or other rights subject to then outstanding
Awards, (iii) the price for each share or unit or other right subject to then outstanding Awards, (iv) the performance measures
or goals relating to the vesting of an Award and (v) any other terms of an Award that are affected by the event to prevent dilution
or enlargement of a Participant’s rights under an Award. Notwithstanding the foregoing, in the case of Incentive Stock Options,
any such adjustments shall, to the extent practicable, be made in a manner consistent with the requirements of Section 424(a) of
the Code.


 


5.Participation and Awards


 


5.1Designation
of Participants. All Eligible Persons are eligible to be designated by the Committee to receive Awards and become Participants
under the Plan. The Committee has the authority, in its discretion, to determine and designate from time to time those Eligible
Persons who are to be granted Awards, the types of Awards to be granted and the number of shares of Common Stock or units subject
to Awards granted under the Plan. In selecting Eligible Persons to be Participants and in determining the type and amount of Awards
to be granted under the Plan, the Committee shall consider any and all factors that it deems relevant or appropriate.


 


5.2Determination
of Awards. The Committee shall determine the terms and conditions of all Awards granted to Participants in accordance with
its authority under Section 3.2 hereof. An Award may consist of one type of right or benefit hereunder or of two or more such rights
or benefits granted in tandem or in the alternative. To the extent deemed appropriate by the Committee, an Award shall be evidenced
by an Award Agreement as described in Section 16.1 hereof.


 






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		6.	Stock Options



 


6.1Grant of
Stock Option. A Stock Option may be granted to any Eligible Person selected by the Committee. Subject to the provisions of
Section 6.6 hereof and Section 422 of the Code, each Stock Option shall be designated, in the discretion of the Committee, as an
Incentive Stock Option or as a Nonqualified Stock Option.


 


6.2Exercise
Price. The exercise price per share of a Stock Option shall not be less than 100% of the Fair Market Value of a share of Common
Stock with respect to the Date of Grant of such Stock Option, subject to adjustments as provided for under Section 4.2, provided
that the Committee may in its discretion specify for any Stock Option an exercise price per share that is higher than the Fair
Market Value on the Date of Grant.


 


6.3Vesting of
Stock Options. The Committee shall in its discretion prescribe the time or times at which, or the conditions upon which, a
Stock Option or portion thereof shall become vested and/or exercisable. The requirements for vesting and exercisability of a Stock
Option may be based on the continued Service of the Participant with the Company or a Subsidiary for a specified time period (or
periods) and/or on the attainment of a specified performance goal (or goals) established by the Committee in its discretion. The
Committee may, in its discretion, accelerate the vesting or exercisability of any Stock Option at any time. The Committee in its
sole discretion may allow a Participant to exercise unvested Nonqualified Stock Options, in which case the shares of Common Stock
then issued shall be Restricted Stock having analogous vesting restrictions to the unvested Nonqualified Stock Options.


 


6.4Term of Stock
Options. The Committee shall in its discretion prescribe in an Award Agreement the period during which a vested Stock Option
may be exercised, provided that the maximum term of a Stock Option shall be ten (10) years from the Date of Grant. A Stock Option
may be earlier terminated as specified by the Committee and set forth in an Award Agreement upon or following the termination of
a Participant’s Service with the Company or any Subsidiary, including by reason of voluntary resignation, death, Disability,
termination for Cause or any other reason. Except as otherwise provided in this Section 6 or in an Award Agreement as such agreement
may be amended from time to time upon authorization of the Committee, no Stock Option may be exercised at any time during the term
thereof unless the Participant is then in the Service of the Company or one of its Subsidiaries.


 


6.5Stock Option
Exercise. Subject to such terms and conditions as shall be specified in an Award Agreement, a Stock Option may be exercised
in whole or in part at any time during the term thereof by notice in the form required by the Company, and payment of the aggregate
exercise price by certified or bank check, or such other means as the Committee may accept. As set forth in an Award Agreement
or otherwise determined by the Committee, in its sole discretion, at or after grant, payment in full or in part of the exercise
price of an Option may be made: (i) in the form of shares of Common Stock that have been held by the Participant for such period
as the Committee may deem appropriate for accounting purposes or otherwise, valued at the Fair Market Value of such shares on the
date of exercise; (ii) by surrendering to the Company shares of Common Stock otherwise receivable on exercise of the Option; (iii)
by a cashless exercise program implemented by the Committee in connection with the Plan; and/or (iv) by such other method as may
be approved by the Committee and set forth in an Award Agreement. Subject to any governing rules or regulations, as soon as practicable
after receipt of written notification of exercise and full payment of the exercise price and satisfaction of any applicable tax
withholding pursuant to Section 17.5, the Company shall deliver to the Participant evidence of book entry shares of Common Stock,
or upon the Participant’s request, Common Stock certificates in an appropriate amount based upon the number of shares of
Common Stock purchased under the Option. Unless otherwise determined by the Committee, all payments under all of the methods indicated
above shall be paid in United States dollars or shares of Common Stock, as applicable.





 






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6.6Additional
Rules for Incentive Stock Options.


 


(a)Eligibility.     An
Incentive Stock Option may only be granted to an Eligible Person who is considered an employee under Treasury Regulation §1.421-7(h)
of the Company or any Subsidiary.


 


(b)Annual
Limits.     No Incentive Stock Option shall be granted to an Eligible Person as a result of which
the aggregate Fair Market Value (determined as of the Date of Grant) of the stock with respect to which Incentive Stock Options
are exercisable for the first time in any calendar year under the Plan and any other stock option plans of the Company or any Subsidiary
would exceed $100,000, determined in accordance with Section 422(d) of the Code. This limitation shall be applied by taking Incentive
Stock Options into account in the order in which granted.


 


(c)Ten
Percent Stockholders.     If a Stock Option granted under the Plan is intended to be an Incentive
Stock Option, and if the Participant, at the time of grant, owns stock possessing ten percent or more of the total combined voting
power of all classes of Common Stock of the Company or any Subsidiary, then (A) the Stock Option exercise price per share shall
in no event be less than 110% of the Fair Market Value of the Common Stock on the date of such grant and (B) such Stock Option
shall not be exercisable after the expiration of five (5) years following the date such Stock Option is granted.


 


(d)Termination
of Employment.     An Award of an Incentive Stock Option shall provide that such Stock Option may
be exercised not later than three (3) months following termination of employment of the Participant with the Company and all Subsidiaries,
or not later than one (1) year following death or a permanent and total disability within the meaning of Section 22(e)(3) of the
Code, as and to the extent determined by the Committee to comply with the requirements of Section 422 of the Code.


 


(e)Disqualifying
Dispositions.     If shares of Common Stock acquired by exercise of an Incentive Stock Option are
disposed of within two (2) years following the Date of Grant or one (1) year following the transfer of such shares to the Participant
upon exercise, the Participant shall, promptly following such disposition, notify the Company in writing of the date and terms
of such disposition and provide such other information regarding the disposition as the Company may reasonably require.


 


		7.	Stock Appreciation Rights



 


7.1Grant of
Stock Appreciation Rights. A Stock Appreciation Right may be granted to any Eligible Person selected by the Committee. Stock
Appreciation Rights may be granted on a basis that allows for the exercise of the right by the Participant or that provides for
the automatic payment of the right upon a specified date or event.


 


7.2Base Price.
The base price of a Stock Appreciation Right shall be determined by the Committee in its sole discretion; provided, however, that
the base price for any grant of a Stock Appreciation Right shall not be less than 100% of the Fair Market Value of a share of Common
Stock with respect to the Date of Grant of such Stock Appreciation Right, subject to adjustments as provided for under Section
4.2.


 


7.3Vesting Stock
Appreciation Rights. The Committee shall in its discretion prescribe the time or times at which, or the conditions upon which,
a Stock Appreciation Right or portion thereof shall become vested and/or exercisable. The requirements for vesting and exercisability
of a Stock Appreciation Right may be based on the continued Service of a Participant with the Company or a Subsidiary for a specified
time period (or periods) or on the attainment of a specified performance goal (or goals) established by the Committee in its discretion.
The Committee may, in its discretion, accelerate the vesting or exercisability of any Stock Appreciation Right at any time.


 






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7.4 Term of
Stock Appreciation Rights. The Committee shall in its discretion prescribe in an Award Agreement the period during which
a vested Stock Appreciation Right may be exercised, provided that the maximum term of a Stock Appreciation Right shall be ten
(10) years from the Date of Grant. A Stock Appreciation Right may be earlier terminated as specified by the Committee and set
forth in an Award Agreement upon or following the termination of a Participant’s Service with the Company or any
Subsidiary, including by reason of voluntary resignation, death, Disability, termination for Cause or any other reason.
Except as otherwise provided in this Section 7 or in an Award Agreement as such agreement may be amended from time to time
upon authorization of the Committee, no Stock Appreciation Right may be exercised at any time during the term thereof unless
the Participant is then in the Service of the Company or one of its Subsidiaries.


 


7.5 Payment
of Stock Appreciation Rights. Subject to such terms and conditions as shall be specified in an Award Agreement, a vested
Stock Appreciation Right may be exercised in whole or in part at any time during the term thereof by notice in the form
required by the Company and payment of any exercise price. Upon the exercise of a Stock Appreciation Right and payment of any
applicable exercise price, a Participant shall be entitled to receive an amount determined by multiplying: (i) the excess of
the Fair Market Value of a share of Common Stock on the date of exercise of the Stock Appreciation Right over the base price
of such Stock Appreciation Right, by (ii) the number of shares as to which such Stock Appreciation Right is exercised.
Payment of the amount determined under the immediately preceding sentence may be made, as approved by the Committee and set
forth in the Award Agreement, in shares of Common Stock valued at their Fair Market Value on the date of exercise, in cash,
or in a combination of shares of Common Stock and cash, subject to applicable tax withholding requirements set forth in
Section 17.5. If Stock Appreciation Rights are settled in shares of Common Stock, then as soon as practicable following the
date of settlement the Company shall deliver to the Participant evidence of book entry shares of Common Stock, or upon the
Participant’s request, Common Stock certificates in an appropriate amount.


 






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		8.	Restricted Stock Awards



 


8.1Grant of
Restricted Stock Awards. A Restricted Stock Award may be granted to any Eligible Person selected by the Committee. The Committee
may require the payment by the Participant of a specified purchase price in connection with any Restricted Stock Award. The Committee
may provide in an Award Agreement for the payment of dividends and distributions to the Participant at such times as paid to stockholders
generally or at the times of vesting or other payment of the Restricted Stock Award. If any dividends or distributions are paid
in stock while a Restricted Stock Award is subject to restrictions under Section 8.3 of the Plan or Code Section 162(m), the dividends
or other distributions shares shall be subject to the same restrictions on transferability as the shares of Common Stock to which
they were paid unless otherwise set forth in the Award Agreement. The Committee may also subject the grant of any Restricted Stock
Award to the execution of a voting agreement with the Company or with any Affiliate of the Company.


 


8.2Vesting Requirements.
The restrictions imposed on shares of Common Stock granted under a Restricted Stock Award shall lapse in accordance with the vesting
requirements specified by the Committee in the Award Agreement. Upon vesting of a Restricted Stock Award, such Award shall be subject
to the tax withholding requirement set forth in Section 17.5. The requirements for vesting of a Restricted Stock Award may be based
on the continued Service of the Participant with the Company or its Subsidiaries for a specified time period (or periods) or on
the attainment of a specified performance goal (or goals) established by the Committee in its discretion. The Committee may, in
its discretion, accelerate the vesting of a Restricted Stock Award at any time. If the vesting requirements of a Restricted Stock
Award shall not be satisfied, the Award shall be forfeited and the shares of Common Stock subject to the Award shall be returned
to the Company. In the event that the Participant paid any purchase price with respect to such forfeited shares, unless otherwise
provided by the Committee in an Award Agreement, the Company will refund to the Participant the lesser of (i) such purchase price
and (ii) the Fair Market Value of such shares on the date of forfeiture.


 


8.3Restrictions.
Shares granted under any Restricted Stock Award may not be transferred, assigned or subject to any encumbrance, pledge, or charge
until all applicable restrictions are removed or have expired, unless otherwise allowed by the Committee. The Committee may require
in an Award Agreement that certificates representing the shares granted under a Restricted Stock Award bear a legend making appropriate
reference to the restrictions imposed, and that certificates representing the shares granted or sold under a Restricted Stock Award
will remain in the physical custody of an escrow holder until all restrictions are removed or have expired.


 


8.4Rights as
Stockholder. Subject to the foregoing provisions of this Section 8 and the applicable Award Agreement, the Participant to whom
a Restricted Stock Award is made shall have all rights of a stockholder with respect to the shares granted to the Participant under
the Restricted Stock Award, including the right to vote the shares and receive all dividends and other distributions paid or made
with respect thereto, unless the Committee determines otherwise at the time the Restricted Stock Award is granted.


 


8.5Section 83(b)
Election. If a Participant makes an election pursuant to Section 83(b) of the Code with respect to a Restricted Stock Award,
the Participant shall file, within 30 days following the Date of Grant, a copy of such election with the Company (directed to the
Secretary thereof) and with the Internal Revenue Service, in accordance with the regulations under Section 83 of the Code. The
Committee may provide in an Award Agreement that the Restricted Stock Award is conditioned upon the Participant’s making
or refraining from making an election with respect to the Award under Section 83(b) of the Code.


 


		9.	Stock Unit Awards



 


9.1Grant of
Stock Unit Awards. A Stock Unit Award may be granted to any Eligible Person selected by the Committee. The value of each stock
unit under a Stock Unit Award is equal to the Fair Market Value of the Common Stock on the applicable date or time period of determination,
as specified by the Committee. A Stock Unit Award shall be subject to such restrictions and conditions as the Committee shall determine.
A Stock Unit Award may be granted together with a dividend equivalent right with respect to the shares of Common Stock subject
to the Award, which may be accumulated and may be deemed reinvested in additional stock units, as determined by the Committee in
its discretion. If any dividend equivalents are paid while a Stock Unit Award is subject to restrictions under Section 9 of the
Plan or Code Section 162(m), the dividend equivalents shall be subject to the same restrictions on transferability as the Stock
Units to which they were paid, unless otherwise set forth in the Award Agreement.


 






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9.2Vesting of
Stock Unit Awards. On the Date of Grant, the Committee shall, in its discretion, determine any vesting requirements with respect
to a Stock Unit Award, which shall be set forth in the Award Agreement. The requirements for vesting of a Stock Unit Award may
be based on the continued Service of the Participant with the Company or its Subsidiaries for a specified time period (or periods)
or on the attainment of a specified performance goal (or goals) established by the Committee in its discretion. The Committee may,
in its discretion, accelerate the vesting of a Stock Unit Award at any time. A Stock Unit Award may also be granted on a fully
vested basis, with a deferred payment date as may be determined by the Committee or elected by the Participant in accordance with
rules established by the Committee.


 


9.3Payment of
Stock Unit Awards. A Stock Unit Award shall become payable to a Participant at the time or times determined by the Committee
and set forth in the Award Agreement, which may be upon or following the vesting of the Award. Payment of a Stock Unit Award may
be made, at the discretion of the Committee, in cash or in shares of Common Stock, or in a combination thereof as described in
the Award Agreement, subject to applicable tax withholding requirements set forth in Section 17.5. Any cash payment of a Stock
Unit Award shall be made based upon the Fair Market Value of the Common Stock, determined on such date or over such time period
as determined by the Committee. Notwithstanding the foregoing, unless specified otherwise in the Award Agreement, any Stock Unit,
whether settled in Common Stock or cash, shall be paid no later than two and one-half months after the later of the calendar year
or fiscal year in which the Stock Units vest. If Stock Unit Awards are settled in shares of Common Stock, then as soon as practicable
following the date of settlement, the Company shall deliver to the Participant evidence of book entry shares of Common Stock, or
upon the Participant’s request, Common Stock certificates in an appropriate amount.


 


		10.	Performance Shares



 


10.1Grant of
Performance Shares. Performance Shares may be granted to any Eligible Person selected by the Committee. A Performance Share
Award shall be subject to such restrictions and condition as the Committee shall specify. A Performance Share Award may be granted
with a dividend equivalent right with respect to the shares of Common Stock subject to the Award, which may be accumulated and
may be deemed reinvested in additional stock units, as determined by the Committee in its discretion.


 


10.2Value of
Performance Shares. Each Performance Share shall have an initial value equal to the Fair Market Value of a Share on the Grant
Date. The Committee shall set performance goals in its discretion that, depending on the extent to which they are met over a specified
time period, shall determine the number of Performance Shares that shall be paid to a Participant.


 


10.3Earning
of Performance Shares. After the applicable time period has ended, the number of Performance Shares earned by the Participant
over such time 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 solely by the Committee. The Committee may, in its discretion, waive any performance
or vesting conditions relating to a Performance Share Award.


 


10.4Form and
Timing of Payment of Performance Shares. The Committee shall pay at the close of the applicable Performance Period, or as soon
as practicable thereafter, any earned Performance Shares in the form of cash or in shares of Common Stock or in a combination thereof,
as specified in a Participant’s Award Agreement, subject to applicable tax withholding requirements set forth in Section
17.5. Notwithstanding the foregoing, all Performance Shares shall be paid no later than two and one-half months following the later
of the calendar year or fiscal year in which such Performance Shares vest. Any shares of Common Stock paid to a Participant under
this Section 10.4 may be subject to any restrictions deemed appropriate by the Committee. If Performance Shares are settled in
shares of Common Stock, then as soon as practicable following the date of settlement the Company shall deliver to the Participant
evidence of book entry shares of Common Stock, or upon the Participant’s request, Common Stock certificates in an appropriate
amount.


 






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		11.	Performance Units



 


11.1Grant of
Performance Units. Performance Units may be granted to any Eligible Person selected by the Committee. A Performance Unit Award
shall be subject to such restrictions and condition as the Committee shall specify in a Participant’s Award Agreement.


 


11.2Value of
Performance Units. Each Performance Unit shall have an initial notional value equal to a dollar amount determined by the Committee,
in its sole discretion. The Committee shall set performance goals in its discretion that, depending on the extent to which they
are met over a specified time period, will determine the number of Performance Units that shall be settled and paid to the Participant.


 


11.3Earning
of Performance Units. After the applicable time period has ended, the number of Performance Units earned by the Participant,
and the amount payable in cash, in shares or in a combination thereof, over such time 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
solely by the Committee. The Committee may, in its discretion, waive any performance or vesting conditions relating to a Performance
Unit Award


 


11.4Form and
Timing of Payment of Performance Units. The Committee 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 of Common Stock or in a combination thereof,
as specified in a Participant’s Award Agreement, subject to applicable tax withholding requirements set forth in Section
17.5. Notwithstanding the foregoing, all Performance Units shall be paid no later than two and one-half months following the later
of the calendar year or fiscal year in which such Performance Units vest. Any shares of Common Stock paid to a Participant under
this Section 11.4 may be subject to any restrictions deemed appropriate by the Committee. If Performance Units are settled in shares
of Common Stock, then as soon as practicable following the date of settlement the Company shall deliver to the Participant evidence
of book entry shares of Common Stock, or upon the Participant’s request, Common Stock certificates in an appropriate amount.


 


		12.	Incentive Bonus Awards



 


12.1Incentive
Bonus Awards. The Committee, at its discretion, may grant Incentive Bonus Awards to such Participants as it may designate from
time to time. The terms of a Participant’s Incentive Bonus Award shall be set forth in the Participant’s Award Agreement.
Each Award Agreement shall specify such general terms and conditions as the Committee shall determine.


 


12.2Incentive
Bonus Award Performance Criteria. The determination of Incentive Bonus Awards for a given year or years may be based upon
the attainment of specified levels of Company or Subsidiary performance as measured by pre-established, objective performance
criteria determined at the discretion of the Committee, including any or all of the Performance Measures set forth in Exhibit
A hereto. The Committee shall (i) select those Participants who shall be eligible to receive an Incentive Bonus Award, (ii)
determine the performance period, (iii) determine target levels of performance, and (iv) determine the level of Incentive Bonus
Award to be paid to each selected Participant upon the achievement of each performance level. The Committee generally shall make
the foregoing determinations prior to the commencement of services to which an Incentive Bonus Award relates (or for Incentive
Bonus Awards intended to satisfy Code Section 162(m), within the permissible time period established for exemption under Code
Section 162(m) and the regulations promulgated thereunder), to the extent applicable, and while the outcome of the performance
goals and targets is uncertain.


 






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12.3Payment of Incentive Bonus Awards.


 


(a) Incentive
Bonus Awards shall be paid in cash or Common Stock, as set forth in a Participant’s Award Agreement. Payments shall be made
following a determination by the Committee that the performance targets were attained and shall be made within two and one-half
months after the later of the end of the fiscal or calendar year in which the Incentive Award is no longer subject to a substantial
risk of forfeiture.


 


(b) The amount
of an Incentive Bonus Award to be paid upon the attainment of each targeted level of performance shall equal a percentage of a
Participant’s base salary for the fiscal year, a fixed dollar amount, or such other formula, as determined by the Committee.


 


		13.	Other Cash-Based Awards and Other Stock-Based Awards



 


13.1Other Cash-Based
and Stock-Based Awards. The Committee may grant other types of equity-based or equity-related Awards not otherwise described
by the terms of this Plan (including the grant or offer for sale of unrestricted Shares) in such amounts and subject to such terms
and conditions, as the Committee shall determine. Such Awards may involve the transfer of actual shares of Common Stock to a Participant,
or payment in cash or otherwise of amounts based on the value of shares of Common Stock. In addition, the Committee, at any time
and from time to time, may grant Cash-Based Awards to a Participant in such amounts and upon such terms as the Committee shall
determine, in its sole discretion.


 


13.2Value of
Cash-Based Awards and Other Stock-Based Awards. Each Other Stock-Based Award shall be expressed in terms of shares of Common
Stock or units based on shares of Common Stock, as determined by the Committee, in its sole discretion. Each Other Cash-Based Award
shall specify a payment amount or payment range as determined by the Committee, in its sole discretion. If the Committee exercises
its discretion to establish performance goals, the value of Other Cash-Based Awards that shall be paid to the Participant will
depend on the extent to which such performance goals are met.


 


13.3Payment
of Cash-Based Awards and Other Stock-Based Awards. Payment, if any, with respect to Other Cash-Based Awards and Other Stock-Based
Award shall be made in accordance with the terms of the Award, in cash or Shares as the Committee determines.


 


		14.	Code Section 162(m) Awards



 


14.1Awards Granted
Under Code Section 162(m). The Committee, at its discretion, may designate that a Restricted Stock, Stock Unit, Performance
Share, Performance Unit, Incentive Bonus, Other Stock Award or Other Cash Award shall be granted as a Code Section 162(m) Award.
Such an Award must comply with the following additional requirements, which shall control over any other provision that pertains
to such Award.


 






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14.2Performance
Measures.


 


(a) Each
Code Section 162(m) Award shall be based upon the attainment of specified levels of pre-established, objective Performance Measures
that are intended to satisfy the performance based compensation exemption requirements of Code Section 162(m) and the regulations
promulgated thereunder. Further, at the discretion of the Committee, an Award also may be subject to goals and restrictions in
addition to the Performance Measures.


 


(b)“Performance
Measures” means the measures of performance of the Company and its Subsidiaries used to determine a Participant’s entitlement
to an Award under the Plan. Such performance measures shall have the same meanings as used in the Company’s financial statements,
or, if such terms are not used in the Company’s financial statements, they shall have the meanings applied pursuant to generally
accepted accounting principles, or as used generally in the Company’s industry. Performance Measures shall be calculated
with respect to the Company and each Subsidiary consolidated therewith for financial reporting purposes or such division or other
business unit as may be selected by the Committee. For purposes of the Plan, the Performance Measures shall be calculated in accordance
with generally accepted accounting principles to the extent applicable, but, unless otherwise determined by the Committee, prior
to the accrual or payment of any Award under this Plan for the same performance period and excluding the effect (whether positive
or negative) of any change in accounting standards or any extraordinary, unusual or nonrecurring item, as determined by the Committee,
occurring after the establishment of the performance goals. Performance Measures shall be based on one or more of the criteria
set forth in Exhibit A which is hereby incorporated by reference, as determined by the Committee.


 


(c)For
each Code Section 162(m) Award, the Committee shall (i) select the Participant who shall be eligible to receive a Code Section
162(m) Award, (ii) determine the applicable performance period, (iii) determine the target levels of the Company or Subsidiary
Performance Measures, and (iv) determine the number of shares of Common Stock or cash or other property (or combination thereof)
subject to an Award to be paid to each selected Participant. The Committee shall make the foregoing determinations prior to the
commencement of services to which an Award relates (or within the permissible time period established under Code Section 162(m))
and while the outcome of the performance goals and targets is uncertain.


 


14.3Attainment
of Code Section 162(m) Goals.


 


(a)After
each performance period, the Committee shall certify in writing (which may include the written minutes for any meeting of the Committee):
(i) if the Company has attained the performance targets, and (ii) the number of shares pursuant to the Award that are to become
freely transferable, if applicable, or the cash or other property payable under the Award. The Committee shall have no discretion
to waive all or part of the conditions, goals and restrictions applicable to the receipt of full or partial payment of an Award
except in the case of a Change in Control of the Corporation or the death or Disability of a Participant.


 


(b)Notwithstanding
the foregoing, the Committee may, in its discretion, reduce any Award based on such factors as may be determined by the Committee,
including, without limitation, a determination by the Committee that such a reduction is appropriate in light of pay practices
of competitors, or the performance of the Company, a Subsidiary or a Participant relative to the performance of competitors, or
performance with respect to the Company’s strategic business goals.


 


14.4Individual
Participant Limitations. Subject to adjustment as provided in Section 4.2, with respect to Awards intended to be Code Section
162(m) Awards and Stock Option and Stock Appreciation Rights Awards intended to be exempt from the deductibility limitation in
Code Section 162(m), no Participant in any one fiscal year of the Company may be granted (a) Stock Options or Stock Appreciation
Rights with respect to more than 2,500,000 shares of Common Stock in the aggregate; and (b) Restricted Stock, Stock Units, Performance
Shares Awards, Incentive Bonus Awards and Other Stock Based Awards that are denominated in shares of Common Stock with respect
to more than 2,500,000 shares in the aggregate. The maximum dollar value payable to any Participant in any one (1) fiscal year
of the Company with respect to Stock Units, Performance Units or Incentive Bonus Awards or Other Stock-Based Awards that may be
settled in cash or other property (other than Common Stock) is $2,500,000. If an Award is cancelled, the cancelled Award shall
continue to be counted towards the applicable limitations.


 






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		15.	Change in Control



 


15.1Effect of
Change in Control.


 


(a)The
Committee may, at the time of the grant of an Award and as set forth in an Award Agreement, provide for the effect of a “Change
in Control” on an Award. Such provisions may include any one or more of the following: (i) the acceleration or extension
of time periods for purposes of exercising, vesting in, or realizing gain from any Award, (ii) the elimination or modification
of performance or other conditions related to the payment or other rights under an Award, (iii) provision for the cash settlement
of an Award for an equivalent cash value, as determined by the Committee, or (iv) such other modification or adjustment to an Award
as the Committee deems appropriate to maintain and protect the rights and interests of Participants upon or following a Change
in Control. To the extent necessary for compliance with Section 409A of the Code, an Award Agreement shall provide that an Award
subject to the requirements of Section 409A that would otherwise become payable upon a Change in Control shall only become payable
to the extent that the requirements for a “change in control” for purposes of Section 409A have been satisfied.


 


(b)Notwithstanding
anything to the contrary set forth in the Plan, unless otherwise provided by an Award Agreement, upon or in anticipation of any
Change in Control, the Committee may, in its sole and absolute discretion and without the need for the consent of any Participant,
take one or more of the following actions contingent upon the occurrence of that Change in Control: (i) cause any or all outstanding
Stock Options and Stock Appreciation Rights held by Participants affected by the Change in Control to become vested and immediately
exercisable, in whole or in part; (ii) cause any or all outstanding Restricted Stock, Stock Units, Performance Shares, Performance
Units, Incentive Bonus Award and any other Award held by Participants affected by the Change in Control to become non-forfeitable,
in whole or in part; (iii) cancel any Stock Option or Stock Appreciation Right in exchange for a substitute option in a manner
consistent with the requirements of Treasury Regulation. §1.424-1(a) (notwithstanding the fact that the original Stock
Option may never have been intended to satisfy the requirements for treatment as an Incentive Stock Option); (iv) cancel any Restricted
Stock, Stock Units, Performance Shares or Performance Units held by a Participant in exchange for restricted stock or performance
shares of or stock or performance units in respect of the capital stock of any successor corporation; (v) redeem any Restricted
Stock held by a Participant affected by the Change in Control for cash and/or other substitute consideration with a value equal
to the Fair Market Value of an unrestricted share of Common Stock on the date of the Change in Control; (vi) cancel any Stock Option
or Stock Appreciation Right held by a Participant affected by the Change in Control in exchange for cash and/or other substitute
consideration with a value equal to (A) the number of shares of Common Stock subject to that Stock Option or Stock Appreciation
Right, multiplied by (B) the difference, if any, between the Fair Market Value per share of Common Stock on the date of the Change
in Control and the exercise price of that Stock Option or Stock Appreciation Right; provided, that if the Fair Market Value
per share of Common Stock on the date of the Change in Control does not exceed the exercise price of any such Stock Option or Stock
Appreciation Right, the Committee may cancel that Stock Option or Stock Appreciation Right without any payment of consideration
therefor; (vii) cancel any Stock Unit or Performance Unit held by a Participant affected by the Change in Control in exchange for
cash and/or other substitute consideration with a value equal to the Fair Market Value per share of Common Stock on the date of
the Change in Control (provided that such cancelation and exchange does not violate Section 409A of the Code); or (ix) make such
other modifications, adjustments or amendments to outstanding Awards or this Plan as the Committee deems necessary or appropriate.


 






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		16.	General Provisions



 


16.1Award Agreement.
To the extent deemed necessary by the Committee, an Award under the Plan shall be evidenced by an Award Agreement in a written
or electronic form approved by the Committee setting forth the number of shares of Common Stock or units subject to the Award,
the exercise price, base price, or purchase price of the Award, the time or times at which an Award will become vested, exercisable
or payable and the term of the Award. The Award Agreement may also set forth the effect on an Award of termination of Service under
certain circumstances. The Award Agreement shall be subject to and incorporate, by reference or otherwise, all of the applicable
terms and conditions of the Plan, and may also set forth other terms and conditions applicable to the Award as determined by the
Committee consistent with the limitations of the Plan. Award Agreements evidencing Incentive Stock Options shall contain such terms
and conditions as may be necessary to meet the applicable provisions of Section 422 of the Code. The grant of an Award under the
Plan shall not confer any rights upon the Participant holding such Award other than such terms, and subject to such conditions,
as are specified in the Plan as being applicable to such type of Award (or to all Awards) or as are expressly set forth in the
Award Agreement.


 


16.2Forfeiture
Events/Representations. The Committee may specify in an Award Agreement at the time of the Award 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 vesting or performance conditions of an Award.
Such events shall include, but shall not be limited to, termination of Service for Cause, violation of material Company policies,
breach of noncompetition, confidentiality or other restrictive covenants that may apply to the Participant, or other conduct by
the Participant that is detrimental to the business or reputation of the Company. The Committee may also specify in an Award Agreement
that the Participant’s rights, payments and benefits with respect to an Award shall be conditioned upon the Participant making
a representation regarding compliance with noncompetition, confidentiality or other restrictive covenants that may apply to the
Participant and providing that the Participant’s rights, payments and benefits with respect to an Award shall be subject
to reduction, cancellation, forfeiture or recoupment on account of a breach of such representation. In addition and without limitation
of the foregoing, any amounts paid hereunder shall be subject to recoupment in accordance with The Dodd–Frank Wall Street
Reform and Consumer Protection Act and any implementing regulations thereunder, any “clawback” policy adopted by the
Company or as is otherwise required by applicable law or stock exchange listing condition.


 


16.3No Assignment
or Transfer; Beneficiaries.


 


(a)Awards
under the Plan shall not be assignable or transferable by the Participant, except by will or by the laws of descent and distribution,
and shall not be subject in any manner to assignment, alienation, pledge, encumbrance or charge. Notwithstanding the foregoing,
the Committee may provide in an Award Agreement that the Participant shall have the right to designate a beneficiary or beneficiaries
who shall be entitled to any rights, payments or other benefits specified under an Award following the Participant’s death.
During the lifetime of a Participant, an Award shall be exercised only by such Participant or such Participant’s guardian
or legal representative. In the event of a Participant’s death, an Award may, to the extent permitted by the Award Agreement,
be exercised by the Participant’s beneficiary as designated by the Participant in the manner prescribed by the Committee
or, in the absence of an authorized beneficiary designation, by the legatee of such Award under the Participant’s will or
by the Participant’s estate in accordance with the Participant’s will or the laws of descent and distribution, in each
case in the same manner and to the same extent that such Award was exercisable by the Participant on the date of the Participant’s
death.


 


(b)Limited
Transferability Rights. Notwithstanding anything else in this Section 16.3 to the contrary, the Committee may
in its discretion provide in an Award Agreement that an Award in the form of a Nonqualified Stock Option, share-settled Stock Appreciation
Right, Restricted Stock, Performance Share or share-settled Other Stock-Based Award may be transferred, on such terms and conditions
as the Committee deems appropriate, either (i) by instrument to the Participant’s “Immediate Family” (as defined
below), (ii) by instrument to an inter vivos or testamentary trust (or other entity) in which the Award is to be passed to the
Participant’s designated beneficiaries, or (iii) by gift to charitable institutions. Any transferee of the Participant’s
rights shall succeed and be subject to all of the terms of the applicable Award Agreement and the Plan. “Immediate Family”
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, and shall include adoptive relationships.


 






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16.4Rights as
Stockholder. A Participant shall have no rights as a holder of shares of Common Stock with respect to any unissued securities
covered by an Award until the date the Participant becomes the holder of record of such securities. Except as provided in Section
4.2 hereof, no adjustment or other provision shall be made for dividends or other stockholder rights, except to the extent that
the Award Agreement provides for dividend payments or dividend equivalent rights.


 


16.5Employment
or Service. Nothing in the Plan, in the grant of any Award or in any Award Agreement shall confer upon any Eligible Person
or Participant any right to continue in the Service of the Company or any of its Subsidiaries, or interfere in any way with the
right of the Company or any of its Subsidiaries to terminate the employment or other service relationship of an Eligible Person
or Participant for any reason at any time.


 


16.6Fractional
Shares. In the case of any fractional share or unit resulting from the grant, vesting, payment or crediting of dividends or
dividend equivalents under an Award, the Committee shall have the discretionary authority to (i) disregard such fractional share
or unit, (ii) round such fractional share or unit to the nearest lower or higher whole share or unit, or (iii) convert such fractional
share or unit into a right to receive a cash payment.


 


16.7Other Compensation
and Benefit Plans. The amount of any compensation deemed to be received by a Participant pursuant to an Award shall not constitute
includable compensation for purposes of determining the amount of benefits to which a Participant is entitled under any other compensation
or benefit plan or program of the Company or any Subsidiary, including, without limitation, under any bonus, pension, profit-sharing,
life insurance, salary continuation or severance benefits plan, except to the extent specifically provided by the terms of any
such plan.


 


16.8Plan Binding
on Transferees. The Plan shall be binding upon the Company, its transferees and assigns, and the Participant, the Participant’s
executor, administrator and permitted transferees and beneficiaries. In addition, 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.


 


16.9Foreign
Jurisdictions. The Committee may adopt, amend and terminate such arrangements and grant such Awards, not inconsistent with
the intent of the Plan, as it may deem necessary or desirable to comply with any tax, securities, regulatory or other laws of other
jurisdictions with respect to Awards that may be subject to such laws. The terms and conditions of such Awards may vary from the
terms and conditions that would otherwise be required by the Plan solely to the extent the Committee deems necessary for such purpose.
Moreover, the Board may approve such supplements to or amendments, restatements or alternative versions of the Plan, not inconsistent
with the intent of the Plan, as it may consider necessary or appropriate for such purposes, without thereby affecting the terms
of the Plan as in effect for any other purpose.


 


16.10Substitute
Awards in Corporate Transactions. Nothing contained in the Plan shall be construed to limit the right of the Committee to grant
Awards under the Plan in connection with the acquisition, whether by purchase, merger, consolidation or other corporate transaction,
of the business or assets of any corporation or other entity. Without limiting the foregoing, the Committee may grant Awards under
the Plan to an employee or director of another corporation who becomes an Eligible Person by reason of any such corporate transaction
in substitution for awards previously granted by such corporation or entity to such person. The terms and conditions of the substitute
Awards may vary from the terms and conditions that would otherwise be required by the Plan solely to the extent the Committee deems
necessary for such purpose. Any shares of Common Stock subject to these substitute Awards shall not be counted against any of the
maximum share limitations set forth in the Plan.


 






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16.11Stockholder
Agreements; Restrictions. Upon the grant of any Award or the distribution of Common Stock pursuant to any Award (as applicable),
the Participant (or legal representative) may be required to become a party to a Stockholders Agreement and/or related agreement(s),
which shall include such terms and conditions (including without limitation, call rights, drag-along rights and refusal rights),
as may be determined by the Committee in its sole discretion.


 


		17.	Legal Compliance



 


17.1Securities
Laws. No shares of Common Stock will be issued or transferred pursuant to an Award unless and until all then applicable requirements
imposed by Federal and state securities and other laws, rules and regulations and by any regulatory agencies having jurisdiction,
and by any exchanges upon which the shares of Common Stock may be listed, have been fully met. As a condition precedent to the
issuance of shares pursuant to the grant or exercise of an Award, the Company may require the Participant to take any reasonable
action to meet such requirements. The Committee may impose such conditions on any shares of Common Stock issuable under the Plan
as it may deem advisable, including, without limitation, restrictions under the Securities Act, as amended, under the requirements
of any exchange upon which such shares of the same class are then listed, and under any blue sky or other securities laws applicable
to such shares. The Committee may also require the Participant to represent and warrant at the time of issuance or transfer that
the shares of Common Stock are being acquired only for investment purposes and without any current intention to sell or distribute
such shares. All Common Stock issued pursuant to the terms of this Plan shall constitute “restricted securities,” as
that term is defined in Rule 144 promulgated pursuant to the Securities Act, and may not be transferred except in compliance herewith
and with the registration requirements of the Securities Act or an exemption therefrom. Certificates representing Common Stock
acquired pursuant to an Award may bear such legend as the Company may consider appropriate under the circumstances. If an Award
is made to an Eligible Person who is subject to Chinese jurisdiction, and approval of the Award by China’s State Administration
of Foreign Exchange is needed, the Award may be converted to cash or other equivalent amount if and to the extent that such approval
is not obtained.


 


17.2Incentive
Arrangement. The Plan is designed to provide an on-going, pecuniary incentive for Participants to produce their best efforts
to increase the value of the Company. The Plan is not intended to provide retirement income or to defer the receipt of payments
hereunder to the termination of a Participant’s employment or beyond. The Plan is thus intended not to be a pension or welfare
benefit plan that is subject to Employee Retirement Income Security Act of 1974 (“ERISA”), and shall be construed accordingly.
All interpretations and determinations hereunder shall be made on a basis consistent with the Plan’s status as not an employee
benefit plan subject to ERISA.


 


17.3Unfunded
Plan. The adoption of the Plan and any reservation of shares of Common Stock or cash amounts by the Company to discharge its
obligations hereunder shall not be deemed to create a trust or other funded arrangement. Except upon the issuance of Common Stock
pursuant to an Award, any rights of a Participant under the Plan shall be those of a general unsecured creditor of the Company,
and neither a Participant nor the Participant’s permitted transferees or estate shall have any other interest in any assets
of the Company by virtue of the Plan. Notwithstanding the foregoing, the Company shall have the right to implement or set aside
funds in a grantor trust, subject to the claims of the Company’s creditors or otherwise, to discharge its obligations under
the Plan.


 


17.4Section
409A Compliance. To the extent applicable, it is intended that the Plan and all Awards hereunder comply with the requirements
of Section 409A of the Code, and the Plan and all Award Agreements shall be interpreted and applied by the Committee in a manner
consistent with this intent in order to avoid the imposition of any additional tax under Section 409A of the Code. In the event
that any provision of the Plan or an Award Agreement is determined by the Committee to not comply with the applicable requirements
of Section 409A of the Code, the Committee shall have the authority to take such actions and to make such interpretations or changes
to the Plan or an Award Agreement as the Committee deems necessary to comply with such requirements, provided that the Committee
shall act in a manner that is intended to preserve the economic value of the Award to the Participant. In no event whatsoever shall
the Company be liable for any additional tax, interest or penalties that may be imposed on any Participant by Section 409A of the
Code or any damages for failing to comply with Section 409A of the Code. Notwithstanding anything in the Plan to the contrary,
all or part of an Award payment to a Participant who is determined to constitute a Code Section 409A “Specified Employee”
at the time of separation from service, shall be delayed (if then required) under Code Section 409A, and paid in an aggregated
lump on the first business day after six (6) months have lapsed following the Participant’s separation from service, or the
date of the Participant’s death, if earlier. Any remaining payments shall be paid on their regularly scheduled payment dates.
For purposes of the Plan and any Agreements issued under the Plan, the phrases “separation from service,” “termination
of employment” and “employment termination” shall be deemed to mean “separation from service” as
defined by Code Section 409A and regulations thereunder.


 






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17.5Tax Withholding.


 


(a)The
Company shall have the power and the right to deduct or withhold, or require a participant to remit to the Company, the minimum
statutory amount to satisfy federal, state, and local taxes, domestic or foreign, required by law or regulation to be withheld
with respect to any taxable event arising as a result of this Plan, but in no event shall such deduction or withholding or remittance
exceed the minimum statutory withholding requirements. Notwithstanding the foregoing, if a minimum statutory amount of withholding
does not apply under the laws of any foreign jurisdiction, the Company may withhold such amount for remittance to the applicable
taxing authority of such jurisdiction as the Company determines in its discretion, uniformly applied, to be appropriate.


 


(b)A
Participant may, in order to fulfill the withholding obligation, tender previously-acquired shares of Common Stock or have shares
of stock withheld from the exercise, provided that the shares have an aggregate Fair Market Value sufficient to satisfy in whole
or in part the applicable withholding taxes. The broker-assisted exercise procedure described in Section 6.5 may also be utilized
to satisfy the withholding requirements related to the exercise of a Stock Option.


 


(c)Notwithstanding
the foregoing, a Participant may not use shares of Common Stock to satisfy the withholding requirements to the extent that (i)
there is a substantial likelihood that the use of such form of payment or the timing of such form of payment would subject the
Participant to a substantial risk of liability under Section 16 of the Exchange Act; or (ii) such withholding would constitute
a violation of the provisions of any law or regulation (including the Sarbanes-Oxley Act of 2002).


 


17.6No Guarantee
of Tax Consequences. Neither the Company, the Board, the Committee nor any other Person make any commitment or guarantee that
any federal, state, local or foreign tax treatment will apply or be available to any Participant or any other person hereunder.


 


17.7Severability.
If any provision of the Plan or any Award Agreement shall be determined to be illegal or unenforceable by any court of law in any
jurisdiction, the remaining provisions hereof and thereof shall be severable and enforceable in accordance with their terms, and
all provisions shall remain enforceable in any other jurisdiction.


 


17.8Stock Certificates;
Book Entry Form. Notwithstanding any provision of the Plan to the contrary, unless otherwise
determined by the Committee or required by any applicable law, rule or regulation, any obligation set forth in the Plan pertaining
to the delivery or issuance of stock certificates evidencing shares of Common Stock may be satisfied by having issuance and/or
ownership of such shares recorded on the books and records of the Company (or, as
applicable, its transfer agent or stock plan administrator).


 


17.9Governing
Law. The Plan and all rights hereunder shall be subject to and interpreted in accordance with the laws of the State of New
Jersey, without reference to the principles of conflicts of laws, and to applicable Federal securities laws.


 


		18.	Effective Date, Amendment and Termination



 


18.1Effective
Date. The effective date of the Plan shall be the date on which the Plan is approved by the requisite percentage of the holders
of the Common Stock of the Company; provided, however, that Awards granted under the Plan subsequent to the approval of the Plan
by the Board shall be valid if such stockholder approval occurs within one year of the date on which such Board approval occurs.


 






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18.2Amendment;
Termination. The Board may suspend or terminate the Plan (or any portion thereof) at any time and may amend the Plan at any
time and from time to time in such respects as the Board may deem advisable or in the best interests of the Company or any Subsidiary;
provided, however, that (a) no such amendment, suspension or termination shall materially and adversely affect the rights of any
Participant under any outstanding Awards, without the consent of such Participant, (b) to the extent necessary and desirable to
comply with any applicable law, regulation, or stock exchange rule, the Company shall obtain stockholder approval of any Plan amendment
in such a manner and to such a degree as required, and (c) stockholder approval is required for any amendment to the Plan
that (i) increases the number of shares of Common Stock available for issuance under the Plan, or (ii) changes the persons
or class of persons eligible to receive Awards. The Plan will continue in effect until terminated in accordance with this Section
18.2; provided, however, that no Award will be granted hereunder on or after the 10th anniversary of the date of the Plan’s
initial adoption by the Board; but provided further, that Awards granted prior to such 10th anniversary may extend beyond
that date.


 


BOARD APPROVAL OF PLAN AS AMENDED AND RESTATED:
05/08/2014


 


STOCKHOLDER APPROVAL OF PLAN AS AMENDED
AND RESTATED: 06/16/2014


 






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EXHIBIT A


 


PERFORMANCE MEASURES


 


Code Section 162(m)
Awards shall be based on the attainment of objective performance goals that are established by the Committee and relate to one
or more Performance Measures, in each case on specified date or over any period, up to 10 years, as determined by the Committee.


 


“Performance
Measures” means the following business criteria (or any combination thereof) with respect to one or more of the Company,
any Subsidiary or any division or operating unit thereof:


 


·pre-tax
income,


 


·after-tax
income,


 


·net
income (meaning net income as reflected in the Company’s financial reports for the applicable period, on an aggregate, diluted
and/or per share basis, or economic net income),


 


·operating
income or profit,


 


·cash
flow, free cash flow, cash flow return on investment (discounted or otherwise), net cash provided by operations, or cash flow in
excess of cost of capital,


 


·earnings
per share (basic or diluted),


 


·return
on equity,


 


·returns
on sales or revenues,


 


·return
on invested capital or assets (gross or net),


 


·cash,
funds or earnings available for distribution,


 


·appreciation
in the fair market value of the Common Stock,


 


·operating
expenses,


 


·implementation
or completion of critical projects or processes,


 


·return
on investment,


 


·total
return to stockholders (meaning the aggregate Common Stock price appreciation and


 


·dividends
paid (assuming full reinvestment of dividends) during the applicable period),


 


·net
earnings growth,


 


·stock
appreciation (meaning an increase in the price or value of the Common Stock after the date of grant of an award and during the
applicable period),


 


·related
return ratios,


 


·increase
in revenues,


 






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·the
Company’s published ranking against its peer group of real estate investment trusts based on total stockholder return,


 


·net
earnings,


 


·changes
(or the absence of changes) in the per share or aggregate market price of the Company’s Common Stock,


 


·number
of securities sold,


 


·earnings
before or after any one or more of the following items: interest, taxes, depreciation or amortization, as reflected in the Company’s
financial reports for the applicable period,


 


·total
revenue growth (meaning the increase in total revenues after the date of grant of an award and during the applicable period, as
reflected in the Company’s financial reports for the applicable period),


 


·economic
value created,


 


·operating
margin or profit margin,


 


·Share
price or total shareholder return,


 


·cost
targets, reductions and savings, productivity and efficiencies,


 


·strategic
business criteria, consisting of one or more objectives based on meeting objectively determinable specified market penetration,
geographic business expansion, progress with research and development activities, investor satisfaction, employee satisfaction,
human resources management, supervision of litigation, information technology, and goals relating to acquisitions, divestitures,
joint ventures and similar transactions, and budget comparisons,


 


·objectively
determinable personal professional objectives, including any of the foregoing performance goals, the implementation of policies
and plans, the negotiation of transactions, the development of long term business goals, formation of joint ventures, research
or development collaborations, and the completion of other corporate transactions, and


 


·any
combination of, or a specified increase or improvement in, any of the foregoing.


 


Where applicable, the
Performance Measures may be expressed in terms of attaining a specified level of the particular criteria or the attainment of a
percentage increase or decrease in the particular criteria, and may be applied to one or more of the Company, a Subsidiary or affiliate,
or a division or strategic business unit of the Company, or may be applied to the performance of the Company relative to a market
index, a group of other companies or a combination thereof, all as determined by the Committee.


 


The Performance Measures
may include a threshold level of performance below which no payment shall be made (or no vesting shall occur), levels of performance
at which specified payments shall be made (or specified vesting shall occur), and a maximum level of performance above which no
additional payment shall be made (or at which full vesting shall occur).


 


Except as otherwise
expressly provided, all financial terms are used as defined under Generally Accepted Accounting Principles (“GAAP”)
and all determinations shall be made in accordance with GAAP, as applied by the Company in the preparation of its periodic reports
to stockholders.


 






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To the extent permitted
by Section 162(m) of the Code, unless the Committee provides otherwise at the time of establishing the performance goals, for each
fiscal year of the Company, the Committee shall have the authority to make equitable adjustments to the Performance Measures in
recognition of unusual or non-recurring events affecting the Company or any Subsidiary or affiliate or the financial statements
of the Company or any Subsidiary or affiliate and may provide for objectively determinable adjustments, as determined in accordance
with GAAP, to any of the Performance Measures described above for one or more of the items of gain, loss, profit or expense: (A)
determined to be extraordinary or unusual in nature or infrequent in occurrence, (B) related to the disposal of a segment of a
business, (C) related to a change in accounting principle under GAAP or a change in applicable laws or regulations, (D) related
to discontinued operations that do not qualify as a segment of a business under GAAP, and (E) attributable to the business operations
of any entity acquired by the Company during the fiscal year.


 






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