EX-10.5




 Exhibit 10.5 

SYMBOTIC INC. 
 2022
OMNIBUS INCENTIVE COMPENSATION PLAN 
 ARTICLE I 

GENERAL 
 1.1 Purpose 

The purpose of the Symbotic Inc. Omnibus Incentive Compensation Plan (as amended from time to time, the “Plan”)
is to help the Company (as hereinafter defined): (1) attract, retain and motivate key employees (including prospective employees), directors and consultants of Symbotic Inc., a Delaware corporation (formerly known as SVF Investment Corp. 3, a
Cayman Islands exempted company) (together with its successors and permitted assigns, “Symbotic”); (2) align the interests of such persons with Symbotic’s stockholders; and (3) promote ownership of Symbotic’s
equity. 
 1.2 Definitions of Certain Terms 

For purposes of this Plan, the following terms have the meanings set forth below: 

1.2.1 “Acquisition Awards” has the meaning set forth in Section 1.6.1(a). 

1.2.2 “Additional Pool” has the meaning set forth in Section 1.6.1(b). 

1.2.3 “Annual Increases” has the meaning set forth in Section 1.6.1(a). 

1.2.4 “Award” means an award made pursuant to the Plan. 

1.2.5 “Award Agreement” means the written document by which each Award is evidenced, and which may, but need not be
(as determined by the Committee), executed or acknowledged by a Grantee as a condition to receiving an Award or the benefits under an Award, and which sets forth the terms and provisions applicable to Awards granted under the Plan to such Grantee.
Any reference herein to an agreement in writing will be deemed to include an electronic writing to the extent permitted by applicable law. 

1.2.6 “Board” means the Board of Directors of Symbotic. 

1.2.7 “Business Combination” has the meaning provided in the definition of Change of Control. 

1.2.8 “Cause” has the meaning provided in any employment agreement between the Company or its affiliates and the
Grantee, if any, and if no such agreement exists or such agreement does not provide a definition of “Cause,” such term means: (a) continued failure to substantially perform assigned duties, including the duties and obligations of the
Grantee’s position with the Company (other than any such failure resulting from incapacity due to physical or mental illness); (b) conviction of, or pleading of nolo contendere or guilty to, a felony under the laws of the United States
or any State thereof, excluding felonies for minor traffic violations and/or felonies for vicarious liability for which the Grantee did not know of the felony and did 











 
not willfully violate the applicable law(s); (c) the commission of any act of fraud, theft, embezzlement or other material dishonesty taken by the Grantee which was intended to result in
substantial gain or personal enrichment to the Grantee at the Company’s expense; (d) intentional violation of a federal or state law or regulation applicable to the Company’s business which violation was or is reasonably likely to be
injurious to the Company; and/or (e) the deliberate and intentional violation by the Grantee of the provisions of any agreement with the Company or its affiliates regarding noncompetition, nonsolicitation and/or confidential information. A
finding of “Cause” shall be determined by the Board in its exclusive discretion, and the Grantee shall have no appeal from such finding for any reason. 

1.2.9 “Certificate” means a stock certificate (or other appropriate document or evidence of ownership) representing
Shares. 
 1.2.10 “Change of Control” has the meaning provided in the LLC Agreement 

1.2.11 “Class A Common Stock” means the shares of Class A common stock, par
value $0.0001 per share, of Symbotic. 
 1.2.12 “Code” means the Internal Revenue Code of 1986, as amended from time
to time, or any successor thereto, and the applicable rulings and regulations thereunder. 
 1.2.13 “Committee” has
the meaning set forth in Section 1.3.1. 
 1.2.14 “Common Stock” means the Class A
Common Stock of Symbotic, par value $0.0001 per share, and any other securities or property issued in exchange therefor or in lieu thereof pursuant to Section 1.6.3. 

1.2.15 “Company” means Symbotic and any Subsidiary, and any successor entity thereto. 

1.2.16 “Consultant” means any individual (other than a non-employee Director),
corporation, partnership, limited liability company or other entity that provides bona fide consulting or advisory services to the Company. 

1.2.17 “Covered Person” has the meaning set forth in Section 1.3.4. 

1.2.18 “Director” means a member of the Board. 

1.2.19 “Effective Date” has the meaning set forth in Section 3.23. 

1.2.20 “Employee” means a regular, active employee and/or a prospective employee of the Company, but not including a non-employee Director. 
 1.2.21 “Employment” means a Grantee’s performance
of services for the Company, as determined by the Committee. The terms “employ” and “employed” will have their correlative meanings. The Committee in its sole discretion may determine (a) whether and when a Grantee’s
leave of absence results in a termination of Employment, (b) whether and when a change in a Grantee’s association with the Company results in a termination of Employment and (c) the impact, if any, of any such leave of absence or change in
association on outstanding Awards. 

  
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 1.2.22 “Exchange Act” means the Securities Exchange Act of 1934, as
amended from time to time, or any successor thereto, and the applicable rules and regulations thereunder. 
 1.2.23 “Fair Market
Value” means, with respect to a Share, the closing price reported for the Common Stock on the applicable date as reported on the New York Stock Exchange or, if not so reported, as determined in accordance with a valuation
methodology approved by the Committee, unless determined as otherwise specified herein. For purposes of the grant of any Award, the applicable date will be the trading day on which the Award is granted or, if the date the Award is granted is not a
trading day, the trading day immediately prior to the date the Award is granted. For purposes of the exercise of any Award, the applicable date is the date a notice of exercise is received by the Company or, if such date is not a trading day, the
trading day immediately following the date a notice of exercise is received by the Company. 
 1.2.24 “Good Reason”
means (a) with respect to a Grantee employed pursuant to a written employment agreement which includes a definition of “Good Reason,” “Good Reason” as defined in that agreement, (b) with respect to a Grantee party to an
Award Agreement which includes a definition of “Good Reason,” “Good Reason” as defined in that Award Agreement or (c) with respect to any other Grantee, the occurrence of any of the following in the absence of the
Grantee’s written consent: (i) the transfer of the Grantee’s primary work site to a new primary work site that is more than 50 miles from the Grantee’s primary work site in effect immediately before a Change of Control or
(ii) a diminution of the Grantee’s base salary in effect immediately before a Change of Control by more than 10%, unless such diminution applies to all similarly situated employees. If the Grantee does not deliver to the Company a written
notice of termination within 30 days after the Grantee has knowledge that an event constituting Good Reason has occurred, the event will no longer constitute Good Reason. In addition, the Grantee must give the Company 30 days to cure the event
constituting Good Reason. 
 1.2.25 “Grantee” means an Employee, Director or Consultant who receives an Award. 

1.2.26 “Incentive Stock Option” means a stock option to purchase Shares that is intended to be an “incentive
stock option” within the meaning of Sections 421 and 422 of the Code, as now constituted or subsequently amended, or pursuant to a successor provision of the Code, and which is designated as an Incentive Stock Option in the applicable Award
Agreement. 
 1.2.27 “LLC Agreement ” means the Second Amended and Restated Limited Liability Company Agreement of
Symbotic Holdings LLC, as may be amended or otherwise modified from time to time in accordance with the terms thereof. 
 1.2.28
“Other Stock-Based or Cash-Based Awards” has the meaning set forth in Section 2.8. 

1.2.29 “Performance Goals” means the performance goals established by the Committee in connection with the grant of
Awards. 
 1.2.30 “Plan” has the meaning set forth in Section 1.1. 

  
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 1.2.31 “Section 409A” means
Section 409A of the Code, including any amendments or successor provisions to that section, and any regulations and other administrative guidance thereunder, in each case as they may be from time to time amended or interpreted through further
administrative guidance. 
 1.2.32 “Securities Act” means the Securities Act of 1933, as amended from time to time,
or any successor thereto, and the applicable rules and regulations thereunder. 
 1.2.33 “Share Limit” has the
meaning set forth in Section 1.6.1(a). 
 1.2.34 “Shares” means shares of Common Stock.

 1.2.35 “Subsidiary” means any corporation, partnership, limited liability company or other legal entity in which
Symbotic, directly or indirectly, owns stock or other equity interests possessing 25% or more of the total combined voting power of all classes of the then-outstanding stock or other equity interests. 

1.2.36 “Symbotic” has the meaning set forth in Section 1.1. 

1.2.37 “Ten Percent Stockholder” means a person owning stock possessing more than 10% of the total combined voting
power of all classes of stock of Symbotic and of any Subsidiary or parent corporation of Symbotic. 
 1.2.38 “Treasury
Regulations” means the regulations promulgated under the Code by the United States Treasury Department, as amended. 
 1.3 Administration

 1.3.1 The Compensation Committee of the Board (as constituted from time to time, and including any successor committee, the
“Committee”) will administer the Plan. In particular, the Committee will have the authority in its sole discretion to: 

(a) exercise all of the powers granted to it under the Plan; 

(b) construe, interpret and implement the Plan and all Award Agreements; 

(c) prescribe, amend and rescind rules and regulations relating to the Plan, including rules governing the Committee’s own operations;

 (d) make all determinations necessary or advisable in administering the Plan; 

(e) correct any defect, supply any omission and reconcile any inconsistency in the Plan; 

(f) amend the Plan to reflect changes in applicable law; 

(g) grant, or recommend to the Board for approval to grant, Awards and determine who will receive Awards, when such Awards will be granted and
the terms of such Awards, including setting forth provisions with regard to the effect of a termination of Employment on such Awards and conditioning the vesting of, or the lapsing of any applicable vesting restrictions or other vesting conditions
on, Awards upon the attainment of Performance Goals and/or upon continued service; 

  
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 (h) amend any outstanding Award Agreement in any respect, including, without limitation, to:

 (1) accelerate the time or times at which the Award becomes vested, unrestricted or may be exercised (and, in connection with such
acceleration, the Committee may provide that any Shares acquired pursuant to such Award will be restricted shares, which are subject to vesting, transfer, forfeiture or repayment provisions similar to those in the Grantee’s underlying Award);

 (2) accelerate the time or times at which Shares are delivered under the Award (and, without limitation on the Committee’s rights, in
connection with such acceleration, the Committee may provide that any Shares delivered pursuant to such Award will be restricted shares, which are subject to vesting, transfer, forfeiture or repayment provisions similar to those in the
Grantee’s underlying Award); 
 (3) waive or amend any goals, restrictions, vesting provisions or conditions set forth in such Award
Agreement, or impose new goals, restrictions, vesting provisions and conditions; or 
 (4) reflect a change in the Grantee’s
circumstances (e.g., a change to part-time employment status or a change in position, duties or responsibilities); and 
 (i)
determine at any time whether, to what extent and under what circumstances and method or methods, subject to Section 3.13: 

(1) Awards may be: 
 (A) settled
in cash, Shares, other securities, other Awards or other property (in which event, the Committee may specify what other effects such settlement will have on the Grantee’s Award, including the effect on any repayment provisions under the Plan or
Award Agreement); 
 (B) exercised; or 

(C) canceled, forfeited or suspended; 

(2) Shares, other securities, other Awards or other property and other amounts payable with respect to an Award may be deferred either
automatically or at the election of the Grantee thereof or of the Committee; 
 (3) to the extent permitted under applicable law, loans
(whether or not secured by Common Stock) may be extended by the Company with respect to any Awards; 

  
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 (4) Awards may be settled by Symbotic, any of its Subsidiaries or affiliates or any of their
designees; and 
 (5) the exercise price for any stock option (other than an Incentive Stock Option, unless the Committee determines that
such a stock option will no longer constitute an Incentive Stock Option) or stock appreciation right may be reset. 
 1.3.2 The
determination of the Committee on all matters relating to the Plan or any Award Agreement will be final, binding and conclusive. The Committee may allocate among its members and delegate to any person who is not a member of the Committee, or to any
administrative group within the Company, any of its powers, responsibilities or duties. In delegating its authority, the Committee will consider the extent to which any delegation may cause Awards to fail to meet the requirements of Rule 16(b)-3(d)(1) or Rule 16(b)-3(e) under the Exchange Act. Except as specifically provided to the contrary, references to the Committee include any group, individual or
individuals to whom the Committee has delegated its duties and powers. 
 1.3.3 Notwithstanding anything to the contrary contained herein,
the Board may, in its sole discretion, at any time and from time to time, grant Awards or administer the Plan. In any such case, the Board will have all of the authority and responsibility granted to the Committee herein. 

1.3.4 No member of the Committee or any person to whom the Committee delegates its powers, responsibilities or duties in writing, including by
resolution (each such person, a “Covered Person”), will have any liability to any person (including any Grantee) for any action taken or omitted to be taken or any determination made with respect to the Plan or any Award,
except as expressly provided by statute. Each Covered Person will be indemnified and held harmless by the Company against and from: 
 (a)
any loss, cost, liability or expense (including attorneys’ fees) that may be imposed upon or incurred by such Covered Person in connection with or resulting from any action, suit or proceeding to which such Covered Person may be a party or in
which such Covered Person may be involved by reason of any action taken or omitted to be taken under the Plan or any Award Agreement, in each case, in good faith; and 

(b) any and all amounts paid by such Covered Person, with the Company’s approval, in settlement thereof, or paid by such Covered Person
in satisfaction of any judgment in any such action, suit or proceeding against such Covered Person, provided that the Company will have the right, at its own expense, to assume and defend any such action, suit or proceeding and, once
the Company gives notice of its intent to assume the defense, the Company will have sole control over such defense with counsel of the Company’s choice. 

The foregoing right of indemnification will not be available to a Covered Person to the extent that a court of competent jurisdiction in a
final judgment or other final adjudication, in either case, not subject to further appeal, determines that the acts or omissions of such Covered Person giving rise to the indemnification claim resulted from such Covered Person’s bad faith,
fraud or willful misconduct. The foregoing right of indemnification will not be 

  
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exclusive of any other rights of indemnification to which Covered Persons may be entitled under Symbotic’s articles of incorporation or bylaws, pursuant to any individual indemnification
agreements between such Covered Person and the Company, as a matter of law, or otherwise, or any other power that the Company may have to indemnify such persons or hold them harmless. 

1.4 Persons Eligible for Awards 
 Awards
under the Plan may be made to Employees, Directors and Consultants. 
 1.5 Types of Awards Under Plan 

Awards may be made under the Plan in the form of cash-based or stock-based Awards. Stock-based Awards may be in the form of any of the
following, in each case in respect of Common Stock: 
 (a) stock options; 

(b) stock appreciation rights; 

(c) restricted shares; 
 (d)
restricted stock units; 
 (e) dividend equivalent rights; and 

(f) other equity-based or equity-related Awards (as further described in Section 2.8), that the Committee determines
to be consistent with the purposes of the Plan and the interests of the Company. 
 1.6 Shares of Common Stock Available for Awards 

1.6.1 Common Stock Subject to the Plan.  

(a) Subject to the other provisions of this Section 1.6, the total number of Shares that may be granted under the
Plan will be 59,800,928 Shares; provided that such number of Shares shall increase on the first day of each calendar year beginning January 1, 2023 and ending on and including January 1, 2032, equal to the lesser of (i) 5% of the
aggregate number of Shares outstanding on the final day of the immediately preceding calendar year and (ii) such smaller number of Shares (which may be zero) as is determined by the Committee prior to such calendar year (such annual increase,
the “Annual Increase” and, such overall limit, the “Share Limit”). Shares of Common Stock subject to awards that are assumed, converted or substituted under the Plan as a result of the Company’s
acquisition of another company (including by way of merger, combination or similar transaction) (“Acquisition Awards”) will not count against the Share Limit. Available shares under a stockholder approved plan of an acquired
company (as appropriately adjusted to reflect the transaction) may be used for Awards under the Plan and do not reduce the Share Limit, subject to applicable stock exchange requirements. 

  
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 (b) Separate from the Share Limit set forth in Section 1.6.1(a),
the Committee may, solely in connection with the exchange of awards under the 2012 Value Appreciation Plan or the Amended and Restated 2018 Long Term Incentive Plan, grant Awards covering up to 8,500,000 Shares (the “Additional
Pool”), subject to such terms and conditions as the Committee may determine. Shares from the Additional Pool that are subject to any such Award will not be available for future grants of Awards under the Plan regardless of whether such
Award is forfeited, expires, is settled for cash or otherwise. 
 1.6.2 Replacement of Shares. Shares subject to an
Award that is forfeited (including any restricted shares repurchased by the Company at the same price paid by the Grantee so that such Shares are returned to the Company), expires or is settled for cash (in whole or in part), to the extent of such
forfeiture, expiration or cash settlement will be available for future grants of Awards under the Plan and will be added back to the Share Limit in the same number of Shares as were deducted in respect of the grant of such Award. The payment of
dividend equivalent rights in cash in conjunction with any outstanding Awards will not be counted against the Share Limit. Shares tendered by a Grantee or withheld by the Company in payment of the exercise price of a stock option or to satisfy any
tax withholding obligation with respect to an Award will be available for future grants of Awards under the Plan and will be added back to the Share Limit in the same number of Shares as were tendered by a Grantee or withheld by the Company in
payment of the exercise price of a stock option or to satisfy any tax withholding obligation with respect to an Award. 
 1.6.3
Adjustments. The Committee will: 
 (a) adjust the number and type of Shares or other property or securities authorized
pursuant to Section 1.6.1; 
 (b) adjust the individual Grantee limitations set forth in Sections 1.7,
2.4.1 and 2.5.1; 
 (c) adjust the number and type of Shares or other property or securities set forth in
Section 2.3.2 that can be issued through Incentive Stock Options; and 
 (d) adjust the terms of any outstanding
Awards (including, without limitation, the number of Shares covered by each outstanding Award, the type of property or securities to which the Award relates and the exercise or strike price of any Award), 

in such manner as it deems appropriate (including, without limitation, by payment of cash) to prevent the enlargement or dilution of rights,
as a result of any increase or decrease in the number of issued Shares (or issuance of property or securities other than Shares) resulting from a recapitalization, stock split, reverse stock split, stock dividend, spinoff, split up, combination,
reclassification or exchange of Shares, merger, consolidation, rights offering, separation, reorganization or liquidation or any other change in the corporate structure or Shares, including any extraordinary dividend or extraordinary distribution;
provided that no such adjustment may be made if or to the extent that it would cause an outstanding Award to fail to comply with Section 409A of the Code. 

  
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 ARTICLE II 

AWARDS UNDER THE PLAN 
 2.1 Agreements
Evidencing Awards 
 Each Award granted under the Plan will be evidenced by an Award Agreement that will contain such provisions and
conditions as the Committee deems appropriate. Unless otherwise provided herein, the Committee may grant Awards in tandem with or, subject to Section 3.13, in substitution for or satisfaction of any other Award or Awards
granted under the Plan or any award granted under any other plan of the Company. By accepting an Award pursuant to the Plan, a Grantee thereby agrees that the Award will be subject to all of the terms and provisions of the Plan and the applicable
Award Agreement. 
 2.2 No Rights as a Stockholder 

No Grantee (or other person having rights pursuant to an Award) will have any of the rights of a stockholder of Symbotic with respect to Shares
subject to an Award until the delivery of such Shares. Except as otherwise provided in Section 1.6.3, no adjustments will be made for dividends, distributions or other rights (whether ordinary or extraordinary, and whether
in cash, Common Stock, other securities or other property) for which the record date is before the date the Certificates for the Shares are delivered, or in the event the Committee elects to use another system, such as book entries by the transfer
agent, before the date in which such system evidences the Grantee’s ownership of such Shares. 
 2.3 Options 

2.3.1 Grant. Stock options may be granted to eligible recipients in such number and at such times during the term of the Plan as
the Committee may determine; provided, however, that the maximum number of Shares as to which stock options may be granted under the Plan to any one individual in any fiscal year may not exceed 59,800,928 Shares (as adjusted
pursuant to the provisions of Section 1.6.3). 
 2.3.2 Incentive Stock Options. At the time
of grant, the Committee will determine: 
 (a) whether all or any part of a stock option granted to an eligible Employee will be an Incentive
Stock Option; and 
 (b) the number of Shares subject to such Incentive Stock Option; provided, however, that: 

(1) the aggregate Fair Market Value (determined as of the time the option is granted) of the stock with respect to which Incentive Stock
Options are exercisable for the first time by an eligible Employee during any fiscal year (under all such plans of Symbotic and of any Subsidiary or parent corporation of Symbotic) may not exceed $100,000; and 

(2) no Incentive Stock Option (other than an Incentive Stock Option that may be assumed or issued by the Company in connection with a
transaction to which Section 424(a) of the Code applies) may be granted to a person who is not eligible to receive an Incentive Stock Option under the Code. 

  
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 The form of any stock option which is entirely or in part an Incentive Stock Option will
clearly indicate that such stock option is an Incentive Stock Option or, if applicable, the number of Shares subject to the Incentive Stock Option. No more than 59,800,928 Shares and as cumulatively increased on January 1, 2023 and on each
January 1 thereafter by the Annual Increase for such year (as adjusted pursuant to the provisions of Section 1.6.3) that can be delivered under the Plan may be issued through Incentive Stock Options. 

2.3.3 Exercise Price. The exercise price per share with respect to each stock option will be determined by the Committee
but, except as otherwise permitted by Section 1.6.3, may never be less than the Fair Market Value of a share of Common Stock (or, in the case of an Incentive Stock Option granted to a Ten Percent Stockholder, 110% of the
Fair Market Value). Unless otherwise noted in the Award Agreement, the Fair Market Value of the Common Stock will be its Fair Market Value on the date of grant of the Award of stock options. 

2.3.4 Term of Stock Option. In no event will any stock option be exercisable after the expiration of 10 years (or, in the
case of an Incentive Stock Option granted to a Ten Percent Stockholder, five years) from the date on which the stock option is granted. 

2.3.5 Vesting and Exercise of Stock Option and Payment for Shares. A stock option may vest and be exercised at such time
or times and subject to such terms and conditions as will be determined by the Committee at the time the stock option is granted and set forth in the Award Agreement. Subject to any limitations in the applicable Award Agreement, any Shares not
acquired pursuant to the exercise of a stock option on the applicable vesting date may be acquired thereafter at any time before the final expiration of the stock option. 

To exercise a stock option, the Grantee must give written notice to the Company specifying the number of Shares to be acquired and accompanied
by payment of the full purchase price therefor in cash or by certified or official bank check or in another form as determined by the Company, which, subject to the Award Agreement, may include: 

(a) personal check; 
 (b) Shares,
based on the Fair Market Value as of the exercise date; 
 (c) any other form of consideration approved by the Company and permitted by
applicable law; and 
 (d) any combination of the foregoing. 

The Committee may also make arrangements for the cashless exercise of a stock option. Any person exercising a stock option will make such
representations and agreements and furnish such information as the Committee may, in its sole discretion, deem necessary or desirable to effect or assure compliance by the Company on terms acceptable to the Company with the provisions of the
Securities Act, the Exchange Act and any other applicable legal requirements. 

  
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 2.4 Stock Appreciation Rights 

2.4.1 Grant. Stock appreciation rights may be granted to eligible recipients in such number and at such times during the
term of the Plan as the Committee may determine. 
 2.4.2 Exercise Price. The exercise price per share with respect to
each stock appreciation right will be determined by the Committee but, except as otherwise permitted by Section 1.6.3, may never be less than the Fair Market Value of the Common Stock. Unless otherwise noted in the Award
Agreement, the Fair Market Value of the Common Stock will be its Fair Market Value on the date of grant of the Award of stock appreciation rights. 

2.4.3 Term of Stock Appreciation Right. In no event will any stock appreciation right be exercisable after the expiration
of 10 years from the date on which the stock appreciation right is granted. 
 2.4.4 Vesting and Exercise of Stock Appreciation Right
and Delivery of Shares. Each stock appreciation right may vest and be exercised in such installments as may be determined in the Award Agreement at the time the stock appreciation right is granted. Subject to any limitations in the
applicable Award Agreement, any stock appreciation rights not exercised on the applicable vesting date may be exercised thereafter at any time before the final expiration of the stock appreciation right. 

To exercise a stock appreciation right, the Grantee must give written notice to the Company specifying the number of stock appreciation rights
to be exercised. Upon exercise of stock appreciation rights, Shares, cash or other securities or property, or a combination thereof, as specified by the Committee, equal in value to: 

(a) the excess of: 
 (1) the Fair
Market Value of the Common Stock on the date of exercise over 
 (2) the exercise price of such stock appreciation right
multiplied by 
 (b) the number of stock appreciation rights exercised, will be delivered to the Grantee. 

Any person exercising a stock appreciation right will make such representations and agreements and furnish such information as the Committee
may, in its sole discretion, deem necessary or desirable to effect or assure compliance by the Company on terms acceptable to the Company with the provisions of the Securities Act, the Exchange Act and any other applicable legal requirements. 

  
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 2.5 Restricted Shares 

2.5.1 Grants. The Committee may grant or offer for sale restricted shares in such amounts and subject to such terms and
conditions as the Committee may determine. Upon the delivery of such shares, the Grantee will have the rights of a stockholder with respect to the restricted shares, subject to any other restrictions and conditions as the Committee may include in
the applicable Award Agreement. 
 2.5.2 Right to Vote and Receive Dividends on Restricted Shares. Each Grantee of an
Award of restricted shares will, during the period of restriction, be the beneficial and record owner of such restricted shares and will have full voting rights with respect thereto. During the period of restriction, all ordinary cash dividends or
other ordinary distributions paid upon any restricted share will be retained by the Company and will be paid to the relevant Grantee (without interest) when the Award of restricted shares vests and will revert back to the Company if for any reason
the restricted share upon which such dividends or other distributions were paid reverts back to the Company (any extraordinary dividends or other extraordinary distributions will be treated in accordance with
Section 1.6.3). 
 2.6 Restricted Stock Units 

The Committee may grant Awards of restricted stock units in such amounts and subject to such terms and conditions as the Committee may
determine. A Grantee of a restricted stock unit will have only the rights of a general unsecured creditor of Symbotic, until delivery of Shares, cash or other securities or property is made as specified in the applicable Award Agreement. On the
delivery date specified in the Award Agreement, the Grantee of each restricted stock unit not previously forfeited or terminated will receive one share of Common Stock, cash or other securities or property equal in value to a share of Common Stock
or a combination thereof, as specified by the Committee. 
 2.7 Dividend Equivalent Rights 

The Committee may include in the Award Agreement with respect to any Award a dividend equivalent right entitling the Grantee to receive amounts
equal to all or any portion of the regular cash dividends that would be paid on the Shares covered by such Award if such Shares had been delivered pursuant to such Award. The grantee of a dividend equivalent right will have only the rights of a
general unsecured creditor of Symbotic until payment of such amounts is made as specified in the applicable Award Agreement. In the event such a provision is included in an Award Agreement, the Committee will determine whether such payments will be
made in cash, in Shares or in another form, whether they will be conditioned upon the exercise of the Award to which they relate (subject to compliance with Section 409A of the Code), the time or times at which they will be made, and such other
terms and conditions as the Committee will deem appropriate; provided that in no event may such payments be made unless and until the Award to which they relate vests. 

  
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 2.8 Other Stock-Based or Cash-Based Awards 

The Committee may grant other types of equity-based, equity-related or cash-based Awards (including the grant or offer for sale of unrestricted
Shares, performance share awards, performance units settled in cash) (“Other Stock-Based or Cash-Based Awards”) in such amounts and subject to such terms and conditions as the Committee may determine. The terms and conditions
set forth by the Committee in the applicable Award Agreement may relate to the achievement of Performance Goals, as determined by the Committee at the time of grant. Such Awards may entail the transfer of actual Shares to Award recipients and may
include Awards designed to comply with or take advantage of the applicable local laws of jurisdictions other than the United States. 
 2.9 Repayment if
Conditions Not Met 
 If the Committee determines that all terms and conditions of the Plan and a Grantee’s Award Agreement were not
satisfied, and that the failure to satisfy such terms and conditions is material, then the Grantee will be obligated to pay the Company immediately upon demand therefor, (a) with respect to a stock option and a stock appreciation right, an
amount equal to the excess of the Fair Market Value (determined at the time of exercise) of the Shares that were delivered in respect of such exercised stock option or stock appreciation right, as applicable, over the exercise price paid therefor,
(b) with respect to restricted shares, an amount equal to the Fair Market Value (determined at the time such shares became vested) of such restricted shares, and (c) with respect to restricted stock units, an amount equal to the Fair
Market Value (determined at the time of delivery) of the Shares or other securities or cash delivered with respect to the applicable delivery date, in each case with respect to clauses (a), (b) and (c) of this
Section 2.9, without reduction for any amount applied to satisfy withholding tax or other obligations in respect of such Award. 

2.10 Minimum Vesting 
 Except for
Acquisition Awards and Awards covering Shares from the Additional Pool, all Awards shall be subject to a minimum vesting schedule of at least 12 months following the date of grant of the Award, provided that vesting may accelerate in connection with
death, retirement, a Change of Control or other involuntary termination. Notwithstanding the foregoing, except with respect to Acquisition Awards and Shares from the Additional Pool, (i) up to 5% of the Shares available for grant under the Plan
may be granted with a minimum vesting schedule that is shorter than that mandated in this Section 2.10 and (ii) Awards to Directors may be granted with a minimum vesting schedule that is the earlier of at least 12
months following the date of grant of the Award or the next annual meeting of stockholders of the Company. 
 ARTICLE III 

MISCELLANEOUS 
 3.1 Amendment of the
Plan 
 3.1.1 Unless otherwise provided in the Plan or in an Award Agreement, the Board may at any time and from time to time suspend,
discontinue, revise or amend the Plan in any respect whatsoever but, subject to Sections 1.3, 1.6.3 and 3.7, no such amendment may materially adversely impair the rights of the Grantee of any Award without the
Grantee’s consent. Subject to Sections 1.3, 1.6.3 and 3.6, an Award Agreement may not be amended to materially adversely impair the rights of a Grantee without the Grantee’s consent. 

  
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 3.1.2 Unless otherwise determined by the Board, stockholder approval of any suspension,
discontinuance, revision or amendment will be obtained only to the extent necessary to comply with any applicable laws, regulations or rules of a securities exchange or self-regulatory agency; provided, however, if and to the extent
the Board determines it is appropriate for the Plan to comply with the provisions of Section 422 of the Code, no amendment that would require stockholder approval under Section 422 of the Code will be effective without the approval of
Symbotic’s stockholders. 
 3.2 Tax Withholding 

Grantees will be solely responsible for any applicable taxes (including, without limitation, income and excise taxes) and penalties, and any
interest that accrues thereon, that they incur in connection with the receipt, vesting or exercise of any Award. As a condition to the delivery of any Shares, cash or other securities or property pursuant to any Award or the lifting or lapse of
restrictions on any Award, or in connection with any other event that gives rise to a federal or other governmental tax withholding obligation on the part of the Company relating to an Award (including, without limitation, the Federal Insurance
Contributions Act (FICA) tax), subject to the Award Agreement: 
 (a) the Company may deduct or withhold (or cause to be deducted or
withheld) from any payment or distribution to a Grantee whether or not pursuant to the Plan (including Shares otherwise deliverable); 
 (b)
the Committee will be entitled to require that the Grantee remit cash to the Company (through payroll deduction or otherwise); or 
 (c) the
Company may enter into any other suitable arrangements to withhold, in each case in the Company’s discretion the amounts of such taxes to be withheld based on the individual tax rates applicable to the Grantee. 

3.3 Right of Offset 
 The Company will
have the right to offset against its obligation to deliver Shares (or other property or cash) under the Plan or any Award Agreement any outstanding amounts (including, without limitation, travel and entertainment or advance account balances, loans,
repayment obligations under any Awards, or amounts repayable to the Company pursuant to tax equalization, housing, automobile or other employee programs) that the Grantee then owes to the Company and any amounts the Committee otherwise deems
appropriate pursuant to any tax equalization policy or agreement. Notwithstanding the foregoing, if an Award provides for the deferral of compensation within the meaning of Section 409A of the Code, the Committee will have no right to offset
against its obligation to deliver Shares (or other property or cash) under the Plan or any Award Agreement if such offset could subject the Grantee to the additional tax imposed under Section 409A of the Code in respect of an outstanding Award.


  
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 3.4 Nonassignability; No Hedging 

Unless otherwise provided in an Award Agreement, no Award (or any rights and obligations thereunder) granted to any person under the Plan may
be sold, exchanged, transferred, assigned, pledged, hypothecated or otherwise disposed of or hedged, in any manner (including through the use of any cash-settled instrument), whether voluntarily or involuntarily and whether by operation of law or
otherwise, other than by will or by the laws of descent and distribution, and all such Awards (and any rights thereunder) will be exercisable during the life of the Grantee only by the Grantee or the Grantee’s legal representative.
Notwithstanding the foregoing, the Committee may permit, under such terms and conditions that it deems appropriate in its sole discretion, a Grantee to transfer any Award to any person or entity that the Committee so determines. Any sale, exchange,
transfer, assignment, pledge, hypothecation or other disposition in violation of the provisions of this Section 3.4 will be null and void and any Award which is hedged in any manner will immediately be forfeited. All of the
terms and conditions of the Plan and the Award Agreements will be binding upon any permitted successors and assigns. 
 3.5 Change of Control 

3.5.1 Unless the Committee determines otherwise or as otherwise provided in the applicable Award Agreement, if a Grantee’s Employment is
terminated by the Company or any successor entity thereto without Cause, or the Grantee resigns his or her Employment for Good Reason, in either case, on or within one year after a Change of Control, (i) each Award granted to such Grantee prior
to such Change of Control will become fully vested (including the lapsing of all restrictions and conditions) and, as applicable, exercisable, and (ii) any Shares deliverable pursuant to restricted stock units will be delivered promptly (but no
later than 15 days) following such Grantee’s termination of Employment. As of the Change of Control date, any outstanding performance-based awards shall be deemed earned at the greater of the target level and the actual performance level
at the date of the Change of Control with respect to all open performance periods and will cease to be subject to any further performance conditions but will continue to be subject to time-based vesting following the Change of Control in accordance
with the original performance period. 
 3.5.2 Notwithstanding the foregoing, in the event of a Change of Control, a Grantee’s Award
will be treated, to the extent determined by the Committee to be permitted under Section 409A, in accordance with one or more of the following methods as determined by the Committee in its sole discretion: (i) settle such Awards for an
amount of cash or securities equal to their value, where in the case of stock options and stock appreciation rights, the value of such awards, if any, will be equal to their
in-the-money spread value (if any), as determined in the sole discretion of the Committee; (ii) provide for the assumption of or the issuance of substitute awards
that will substantially preserve the otherwise applicable terms of any affected Awards previously granted under the Plan, as determined by the Committee in its sole discretion; (iii) modify the terms of such awards to add events, conditions or
circumstances (including termination of Employment within a specified period after a Change of Control) upon which the vesting of such Awards or lapse of restrictions thereon will accelerate; (iv) deem any performance conditions satisfied at
target, maximum or actual performance through closing or provide for the performance conditions to continue (as is or as adjusted by the Committee) after closing; or (v) provide that for a period of at least 20 days prior to the Change of
Control, any stock options or stock appreciation rights that would not otherwise become exercisable prior to the Change of Control will be exercisable as to all Shares subject thereto (but any such exercise will be contingent upon and subject to the
occurrence of the Change of Control and if the Change of Control does not take place within a specified period after giving such notice for any reason 

  
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whatsoever, the exercise will be null and void) and that any stock options or stock appreciation rights not exercised prior to the consummation of the Change of Control will terminate and be of
no further force and effect as of the consummation of the Change of Control. In the event that the consideration paid in the Change of Control includes contingent value rights, earnout or indemnity payments or similar payments, then the Committee
will determine if Awards settled under clause (i) above are (a) valued at closing taking into account such contingent consideration (with the value determined by the Committee in its sole discretion) or (b) entitled to a share of such
contingent consideration. For the avoidance of doubt, in the event of a Change of Control where all stock options and stock appreciation rights are settled for an amount (as determined in the sole discretion of the Committee) of cash or securities,
the Committee may, in its sole discretion, terminate any stock option or stock appreciation right for which the exercise price is equal to or exceeds the per share value of the consideration to be paid in the Change of Control transaction without
payment of consideration therefor. Similar actions to those specified in this Section 3.5.2 may be taken in the event of a merger or other corporate reorganization that does not constitute a Change of Control. 

3.6 No Continued Employment or Engagement; Right of Discharge Reserved 

Neither the adoption of the Plan nor the grant of any Award (or any provision in the Plan or Award Agreement) will confer upon any Grantee any
right to continued Employment, or other engagement, with the Company, nor will it interfere in any way with the right of the Company to terminate, or alter the terms and conditions of, such Employment or other engagement at any time. 

3.7 Nature of Payments 
 3.7.1 Any and all
grants of Awards and deliveries of Common Stock, cash, securities or other property under the Plan will be in consideration of services performed or to be performed for the Company by the Grantee. Awards under the Plan may, in the discretion of the
Committee, be made in substitution in whole or in part for cash or other compensation otherwise payable to a Grantee. Only whole Shares will be delivered under the Plan. Awards will, to the extent reasonably practicable, be aggregated in order to
eliminate any fractional shares. Fractional shares may, in the discretion of the Committee, be forfeited or be settled in cash or otherwise as the Committee may determine. 

3.7.2 All such grants and deliveries of Shares, cash, securities or other property under the Plan will constitute a special discretionary
incentive payment to the Grantee, will not entitle the Grantee to the grant of any future Awards and will not be required to be taken into account in computing the amount of salary or compensation of the Grantee for the purpose of determining any
contributions to or any benefits under any pension, retirement, profit-sharing, bonus, life insurance, severance or other benefit plan of the Company or under any agreement with the Grantee, unless the Company specifically provides otherwise. 

  
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 3.8 Non-Uniform Determinations 

3.8.1 The Committee’s determinations under the Plan and Award Agreements need not be uniform and any such determinations may be made by it
selectively among persons who receive, or are eligible to receive, Awards under the Plan (whether or not such persons are similarly situated). Without limiting the generality of the foregoing, the Committee will be entitled, among other things, to
make non-uniform and selective determinations under Award Agreements, and to enter into non-uniform and selective Award Agreements, as to (a) the persons to receive
Awards, (b) the terms and provisions of Awards and (c) whether a Grantee’s Employment has been terminated for purposes of the Plan. 

3.8.2 To the extent the Committee deems it necessary, appropriate or desirable to comply with foreign law or practices and to further the
purposes of the Plan, the Committee may, in its sole discretion and without amending the Plan, establish special rules applicable to Awards to Grantees who are foreign nationals, are employed outside the United States or both and grant Awards (or
amend existing Awards) in accordance with those rules. 
 3.9 Other Payments or Awards 

Nothing contained in the Plan will be deemed in any way to limit or restrict the Company from making any award or payment to any person under
any other plan, arrangement or understanding, whether now existing or hereafter in effect. 
 3.10 Plan Headings 

The headings in the Plan are for the purpose of convenience only and are not intended to define or limit the construction of the provisions
hereof. 
 3.11 Termination of Plan 

The Board reserves the right to terminate the Plan at any time; provided, however, that in any case, the Plan will
terminate on the day before the 10th anniversary of the Effective Date, and provided, further, that all Awards made under the Plan before its termination will remain in effect
until such Awards have been satisfied or terminated in accordance with the terms and provisions of the Plan and the applicable Award Agreements. 
 3.12
Clawback/Recapture Policy 
 Awards under the Plan will be subject to any clawback or recapture policy that the Company may adopt from
time to time to the extent provided in such policy and, in accordance with such policy, may be subject to the requirement that the Awards be repaid to the Company after they have been distributed to the Grantee. 

3.13 Section 409A 
 3.13.1 All Awards made
under the Plan that are intended to be “deferred compensation” subject to Section 409A will be interpreted, administered and construed to comply with Section 409A, and all Awards made under the Plan that are intended to be exempt
from Section 409A will be interpreted, administered and construed to comply with and preserve such exemption. The Board and the Committee will have full authority to give effect to the intent of the foregoing sentence. To the extent necessary
to give effect to this intent, in the case of any conflict or potential inconsistency between the Plan and a provision of any Award or Award Agreement with respect to an Award, the Plan will govern. 

  
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 3.13.2 Without limiting the generality of Section 3.13.1, with
respect to any Award made under the Plan that is intended to be “deferred compensation” subject to Section 409A: 
 (a) any
payment due upon a Grantee’s termination of Employment will be paid only upon such Grantee’s separation from service from the Company within the meaning of Section 409A; 

(b) any payment due upon a Change of Control of the Company will be paid only if such Change of Control constitutes a “change in
ownership” or “change in effective control” within the meaning of Section 409A, and in the event that such Change of Control does not constitute a “change in the ownership” or “change in the effective control”
within the meaning of Section 409A, such Award will vest upon the Change of Control and any payment will be delayed until the first compliant date under Section 409A; 

(c) any payment to be made with respect to such Award in connection with the Grantee’s separation from service from the Company within
the meaning of Section 409A (and any other payment that would be subject to the limitations in Section 409A(a)(2)(B) of the Code) will be delayed until six months after the Grantee’s separation from service (or earlier death) to the
extent required by Section 409A; 
 (d) if the Award includes a “series of installment payments” (within the meaning of Section 1.409A-2(b)(2)(iii) of the Treasury Regulations), the Grantee’s right to the series of installment payments will be treated as a right to a series of separate payments and not as a right to a
single payment; 
 (e) if the Award includes “dividend equivalents” (within the meaning of
Section 1.409A-3(e) of the Treasury Regulations), the Grantee’s right to the dividend equivalents will be treated separately from the right to other amounts under the Award; and 

(f) for purposes of determining whether the Grantee has experienced a separation from service from the Company within the meaning of
Section 409A, “subsidiary” will mean a corporation or other entity in a chain of corporations or other entities in which each corporation or other entity, starting with Symbotic, has a controlling interest in another corporation or
other entity in the chain, ending with such corporation or other entity. For purposes of the preceding sentence, the term “controlling interest” has the same meaning as provided in
Section 1.414(c)-2(b)(2)(i) of the Treasury Regulations; provided that the language “at least 20 percent” is used instead of “at least 80 percent” each place it appears in Section 1.414(c)-2(b)(2)(i) of the Treasury Regulations. 
 3.14 Governing Law 

THE PLAN AND ALL AWARDS MADE AND ACTIONS TAKEN THEREUNDER WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
DELAWARE, WITHOUT REFERENCE TO PRINCIPLES OF CONFLICT OF LAWS. 

  
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 3.15 Disputes; Choice of Forum 

3.15.1 The Company and each Grantee, as a condition to such Grantee’s participation in the Plan, hereby irrevocably submit to the
exclusive jurisdiction of any state or federal court located in the State of Delaware, over any suit, action or proceeding arising out of or relating to or concerning the Plan or, to the extent not otherwise specified in any individual agreement
between the Company and the Grantee, any aspect of the Grantee’s Employment with the Company or the termination of that Employment. The Company and each Grantee, as a condition to such Grantee’s participation in the Plan, acknowledge that
the forum designated by this Section 3.15.1 has a reasonable relation to the Plan and to the relationship between such Grantee and the Company. Notwithstanding the foregoing, nothing herein will preclude the Company from
bringing any action or proceeding in any other court for the purpose of enforcing the provisions of this Section 3.15.1. 

3.15.2 The agreement by the Company and each Grantee as to forum is independent of the law that may be applied in the action, and the Company
and each Grantee, as a condition to such Grantee’s participation in the Plan, (i) agree to such forum even if the forum may under applicable law choose to apply non-forum law, (ii) hereby waive,
to the fullest extent permitted by applicable law, any objection which the Company or such Grantee now or hereafter may have to personal jurisdiction or to the laying of venue of any such suit, action or proceeding in any court referred to in
Section 3.15.1, (iii) undertake not to commence any action arising out of or relating to or concerning the Plan in any forum other than the forum described in this Section 3.15.2, and
(iv) agree that, to the fullest extent permitted by applicable law, a final and non-appealable judgment in any such suit, action or proceeding in any such court will be conclusive and binding upon the
Company and each Grantee. 
 3.15.3 Each Grantee, as a condition to such Grantee’s participation in the Plan, agrees to keep
confidential the existence of, and any information concerning, a dispute, controversy or claim described in Section 3.17, except that a Grantee may disclose information concerning such dispute, controversy or claim to the
court that is considering such dispute, controversy or claim or to such Grantee’s legal counsel (provided that such counsel agrees not to disclose any such information other than as necessary to the prosecution or defense of the dispute,
controversy or claim). 
 3.16 Waiver of Jury Trial 

EACH GRANTEE WAIVES ANY RIGHT IT MAY HAVE TO TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED ON, ARISING OUT OF, UNDER OR IN CONNECTION WITH
THE PLAN. 
 3.17 Waiver of Claims 

Each Grantee of an Award recognizes and agrees that before being selected by the Committee to receive an Award the Grantee has no right to any
benefits under the Plan. Accordingly, in consideration of the Grantee’s receipt of any Award hereunder, the Grantee expressly waives any right to contest the amount of any Award, the terms of any Award Agreement, any determination, action or
omission hereunder or under any Award Agreement by 

  
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the Committee, the Company or the Board, or any amendment to the Plan or any Award Agreement (other than an amendment to the Plan or an Award Agreement to which his or her consent is expressly
required by the express terms of an Award Agreement). Nothing contained in the Plan, and no action taken pursuant to its provisions, will create or be construed to create a trust of any kind or a fiduciary relationship between the Company and any
Grantee. The Plan is not intended to be subject to the Employee Retirement Income Security Act of 1974 (ERISA), as amended. 
 3.18 No Repricing or
Reloads 
 Except as otherwise permitted by Section 1.6.3, reducing the exercise price of stock options or
stock appreciation rights issued and outstanding under the Plan, including through amendment, cancellation in exchange for the grant of a substitute Award or repurchase for cash or other consideration (in each case that has the effect of reducing
the exercise price), will require approval of Symbotic’s stockholders. The Company will not grant any stock options or stock appreciation rights with automatic reload features. 

3.19 Severability; Entire Agreement 
 If
any of the provisions of the Plan or any Award Agreement is finally held to be invalid, illegal or unenforceable (whether in whole or in part), such provision will be deemed modified to the extent, but only to the extent, of such invalidity,
illegality or unenforceability and the remaining provisions will not be affected thereby; provided that if any of such provision is finally held to be invalid, illegal or unenforceable because it exceeds the maximum scope determined to be
acceptable to permit such provision to be enforceable, such provision will be deemed to be modified to the minimum extent necessary to modify such scope in order to make such provision enforceable hereunder. The Plan and any Award Agreements contain
the entire agreement of the parties with respect to the subject matter thereof and supersede all prior agreements, promises, covenants, arrangements, communications, representations and warranties between them, whether written or oral with respect
to the subject matter thereof. 
 3.20 No Liability with Respect to Tax Qualification or Adverse Tax Treatment 

Notwithstanding anything to the contrary contained herein, in no event will the Company be liable to a Grantee on account of an Award’s
failure to (a) qualify for favorable United States, federal, state or local or foreign tax treatment or (b) avoid adverse tax treatment under United States or foreign law, including, without limitation, Section 409A. 

3.21 No Third-Party Beneficiaries 
 Except
as expressly provided in an Award Agreement, neither the Plan nor any Award Agreement will confer on any person other than the Company and the Grantee of any Award any rights or remedies thereunder. The exculpation and indemnification provisions of
Section 1.3.4 will inure to the benefit of a Covered Person’s estate and beneficiaries and legatees. 

  
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 3.22 Successors and Assigns of the Company 

The terms of the Plan will be binding upon and inure to the benefit of the Company and any successor entity, including as contemplated by
Section 3.5. 
 3.23 Date of Adoption and Approval of Stockholders 

The Plan was approved by Symbotic’s stockholders on June 3, 2022 and adopted by the Board on June 7, 2022 (the
“Effective Date”). 
 3.24 Limits on Compensation to Non-Employee Directors 

No non-employee director of Symbotic may be granted (in any calendar year) compensation with a value in
excess of $750,000 ($1,000,000 in the initial year of appointment or election to the Board), with the value of any equity-based awards based on the accounting grant date value of such award. 

  
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