Exhibit 10.14


 


ARCHAEA ENERGY INC.


 





 



 


2021 OMNIBUS INCENTIVE PLAN


 








 



 


ARTICLE
I


PURPOSE


 


The purpose of this Archaea Energy Inc. 2021 Omnibus
Incentive Plan is to promote the success of the Company’s business for the benefit of its stockholders by enabling the Company to
offer Eligible Individuals cash and stock-based incentives in order to attract, retain, and reward such individuals and strengthen the
mutuality of interests between such individuals and the Company’s stockholders. The Plan is effective as of the date set forth in
Article XV.


 


ARTICLE II

DEFINITIONS


 


For purposes of the Plan, the following terms shall
have the following meanings:


 


2.1 Affiliate” means
a corporation or other entity controlled by, controlling, or under control with the Company. The term “control” (including,
with correlative meaning, the terms “controlled by” and “under common control with”), as applied to any person,
means the possession, directly or indirectly, of the power to direct or cause the direction of management and policies of such person,
whether through the ownership of voting or other securities, by contract or otherwise.


 


2.2 Applicable
Law” means the requirements relating to the administration of equity-based awards and the related shares under
U.S. state corporate law, U.S. federal and state securities laws, the rules of any stock exchange or quotation system on which the shares
are listed or quoted, and any other applicable laws, including tax laws, of any U.S. or non-U.S. jurisdictions where Awards are, or will
be, granted under the Plan.


 


2.3 Award” means
any award under the Plan of any Stock Option, Stock Appreciation Right, Restricted Stock, Restricted Stock Units, Performance Award, Other
Stock-Based Award, or Cash Award. All Awards shall be granted by, confirmed by, and subject to the terms of a written or electronic
agreement executed by the Company and the Participant.


 


2.4 Award Agreement” means
the written or electronic agreement, contract, certificate, or other instrument or document evidencing the terms and conditions of an
individual Award. Each Award Agreement shall be subject to the terms and conditions of the Plan.


 


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


 


2.6 Cash Award” means
an Award granted pursuant to Section 10.3 of the Plan and payable in cash at such time or times and subject to such terms and conditions
as determined by the Committee in its sole discretion.


 


2.7 Cause” means,
unless otherwise determined by the Committee in the applicable Award Agreement, with respect to a Participant’s Termination of Service,
the following: (a) in the case where there is no employment agreement, offer letter, consulting agreement, change in control agreement,
or similar agreement in effect between the Company or an Affiliate and the Participant at the time of the grant of the Award (or where
there is such agreement in effect but it does not define “cause” (or words of like import)), the Participant’s (i) commission
of, or plea of guilty or no contest to, a felony or a crime involving moral turpitude or the commission of any other act involving willful
malfeasance or material fiduciary breach with respect to the Company or an Affiliate; (ii) substantial and repeated failure to perform
duties as reasonably directed by the person to whom the Participant reports; (iii) conduct that brings or is reasonably likely to
bring the Company or an Affiliate negative publicity or into public disgrace, embarrassment, or disrepute; (iv) gross negligence
or willful misconduct with respect to the Company or an Affiliate; (v) material violation of the Company’s written policies
or codes of conduct, including written policies related to discrimination, harassment, performance of illegal or unethical activities,
or ethical misconduct; or (vi) any breach of any non-competition, non-solicitation, no-hire, or confidentiality covenant between
the Participant and the Company or an Affiliate; or (b) in the case where there is an employment agreement, offer letter, consulting
agreement, change in control agreement, or similar agreement in effect between the Company or an Affiliate and the Participant at the
time of the grant of the Award that defines “cause” (or words of like import), “cause” as defined under such agreement;
provided, however, that with regard to any agreement under which the definition of “cause” only applies on occurrence of a
change in control, such definition of “cause” shall not apply until a change in control (as defined in such agreement) actually
takes place and then only with regard to a termination thereafter.


 






     


     


    

 


2.8 Change in
Control” means and includes each of the following, unless otherwise determined by the Committee in the applicable
Award Agreement or other written agreement with a Participant approved by the Committee:


 


(a) any “person,”
as such term is used in Sections 13(d) and 14(d) of the Exchange Act (other than the Company, any trustee or other fiduciary holding
securities under any employee benefit plan of the Company, or any company owned, directly or indirectly, by the stockholders of the Company
in substantially the same proportions as their ownership of the Company), becoming the beneficial owner (as defined in Rule 13d-3
under the Exchange Act), directly or indirectly, of securities of the Company representing 50% or more of the combined voting power of
the Company’s then outstanding securities, excluding for purposes herein, acquisitions pursuant to a Business Combination (as defined
below) that does not constitute a Change in Control as defined in Section 2.8(b);


 


(b) a merger, reorganization,
or consolidation of the Company or in which equity securities of the Company are issued (each, a “Business Combination”),
other than a merger, reorganization or consolidation which would result in the voting securities of the Company outstanding immediately
prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity
or its direct or indirect Parent) more than 50% of the combined voting power of the voting securities of the Company or such surviving
entity (or, as applicable, a direct or indirect Parent of the Company or such surviving entity) outstanding immediately after such merger
or consolidation; provided, however, that a merger or consolidation effected to implement a recapitalization of the Company
(or similar transaction) in which no person (other than those covered by the exceptions in Section 2.8(a)) acquires more than 50%
of the combined voting power of the Company’s then outstanding securities shall not constitute a Change in Control; or a merger
or consolidation of the Company with any other entity, other than a merger or consolidation which would result in the voting securities
of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into
voting securities of the surviving entity or its direct or indirect Parent) more than 50% of the combined voting power of the voting securities
of the Company or such surviving entity (or, as applicable, a direct or indirect Parent of the Company or such surviving entity) outstanding
immediately after such merger or consolidation; provided, however, that a merger or consolidation effected to implement a
recapitalization of the Company (or similar transaction) in which no person (other than those covered by the exceptions in Section 2.8(a))
acquires more than 50% of the combined voting power of the Company’s then outstanding securities shall not constitute a Change in
Control;


 


(c) during the period of
two (2) consecutive years, individuals who, at the beginning of such period, constitute the Board together with any new director(s)
(other than a director designated by a person who has entered into an agreement with the Company to effect a transaction described in
Sections 2.8(a) or (b)) whose election by the Board or nomination for election by the Company’s stockholders was approved by
a vote of at least two-thirds of the directors then still in office who either were directors at the beginning of the two (2) year
period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority thereof;
or


 


(d) a complete liquidation
or dissolution of the Company or the consummation of a sale or disposition by the Company of all or substantially all of the Company’s
assets other than the sale or disposition of all or substantially all of the assets of the Company to a person or persons who beneficially
own, directly or indirectly, 50% or more of the combined voting power of the outstanding voting securities of the Company at the time
of the sale.


 


Notwithstanding the foregoing, with respect to any
Award that is characterized as “nonqualified deferred compensation” within the meaning of Section 409A of the Code, an
event shall not be considered to be a Change in Control under the Plan for purposes of payment of such Award unless such event is also
a “change in ownership,” a “change in effective control,” or a “change in the ownership of a substantial
portion of the assets” of the Company within the meaning of Section 409A of the Code.


 






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2.9 Change in
Control Price” means the highest price per Share paid in any transaction related to a Change in Control of the Company.


 


2.10 Code” means
the U.S. Internal Revenue Code of 1986, as amended from time to time. Any reference to any section of the Code shall also be a reference
to any successor provision and any guidance and treasury regulation promulgated thereunder.


 


2.11 Committee” means
any committee of the Board duly authorized by the Board to administer the Plan; provided, however, that unless
otherwise determined by the Board, the Committee shall consist solely of two or more Qualified Members. If no committee is duly authorized
by the Board to administer the Plan, the term “Committee” shall be deemed to refer to the Board for all purposes under the
Plan. The Board may abolish any Committee or re-vest in itself any previously delegated authority from time to time, and will retain
the right to exercise the authority of the Committee to the extent consistent with Applicable Law.


 


2.12 Common
Stock” means the Class A common stock, $0.0001 par value per share, of the Company.


 


2.13 Company” means
Archaea Energy Inc., a Delaware corporation, and its successors by operation of law.


 


2.14 Consultant” means
any natural person who is an advisor or consultant to the Company or any of its Affiliates.


 


2.15 Disability” means,
unless otherwise determined by the Committee in the applicable Award Agreement, with respect to a Participant’s Termination of Service,
that the Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental
impairment, provided, however, for purposes of an Incentive Stock Option, the term Disability shall have the meaning ascribed
to it under Section 22(e)(3) of the Code. The determination of whether an individual has a Disability shall be determined by the
Committee, and the Committee may rely on any determination that a Participant is disabled for purposes of benefits under any long-term disability
plan in which a Participant participates that is maintained by the Company or any Affiliate.


 


2.16 “Dividend
Equivalents” means a right granted to a Participant under the Plan to receive the equivalent value (in cash or Shares) of
dividends paid on Shares.


 


2.17 Effective
Date” means the effective date of the Plan as defined in Article XV.


 


2.18 Eligible
Employees” means each employee of the Company or any of its Affiliates. An employee on a leave of absence may be an
Eligible Employee.


 


2.19 Eligible
Individual” means an Eligible Employee, Non-Employee Director, or Consultant who is designated by the Committee
in its discretion as eligible to receive Awards subject to the conditions set forth herein.


 


2.20 Exchange
Act” means the Securities Exchange Act of 1934, as amended from time to time. Reference to a specific section of the
Exchange Act or regulation thereunder shall include such section or regulation, any valid regulation or interpretation promulgated under
such section, and any comparable provision of any future legislation or regulation amending, supplementing, or superseding such section
or regulation.


 


2.21 Fair Market
Value” means, for purposes of the Plan, unless otherwise required by any applicable provision of the Code or any regulations
issued thereunder, as of any date and except as provided below, the last sales price reported for the Common Stock on the applicable date:
(a) as reported on the principal national securities exchange in the United States on which it is then traded or (b) if
the Common Stock is not traded, listed, or otherwise reported or quoted, the Committee shall determine in good faith the Fair Market Value
in whatever manner it considers appropriate taking into account the requirements of Section 409A of the Code. For purposes of the
grant of any Award, the applicable date shall be the trading day immediately prior to the date on which the Award is granted. For purposes
of the exercise of any Award, the applicable date shall be the date a notice of exercise is received by the Committee or, if not a date
on which the applicable market is open, the next day that it is open. Notwithstanding the foregoing, with respect to any Award granted
on the pricing date of the Company’s initial public offering, the Fair Market Value shall mean the initial public offering price
of a Share as set forth in the Company’s final prospectus relating to its initial public offering filed with the Securities and
Exchange Commission.


 






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2.22 Family
Member” means “family member” as defined in Section A.1.(a)(5) of the general instructions of Form S-8.


 


2.23 Incentive
Stock Option” means any Stock Option that is awarded to an Eligible Employee who is an employee of the Company, its
Subsidiaries, or its Parents (if any) under the Plan and that is intended to be, and designated as, an “Incentive Stock Option”
within the meaning of Section 422 of the Code.


 


2.24 Non-Employee Director” means
a director or a member of the Board of the Company who is not an employee of the Company.


 


2.25 Non-Qualified Stock
Option” means any Stock Option awarded under the Plan that is not an Incentive Stock Option.


 


2.26 Other Stock-Based Award” means
an Award under Article X of the Plan that is valued in whole or in part by reference to, or is payable in or otherwise based on,
Shares.


 


2.27 Parent” means
any parent corporation of the Company within the meaning of Section 424(e) of the Code.


 


2.28 Participant” means
an Eligible Individual to whom an Award has been granted pursuant to the Plan.


 


2.29 Performance
Award” means an Award granted to a Participant pursuant to Article IX hereof contingent upon achieving certain
Performance Goals.


 


2.30 Performance
Goals” means goals established by the Committee as contingencies for Awards to vest and/or become exercisable or distributable.


 


2.31 Performance
Period” means the designated period during which the Performance Goals must be satisfied with respect to the Award
to which the Performance Goals relate.


 


2.32 Plan” means
this Archaea Energy Inc. 2021 Omnibus Incentive Plan, as amended from time to time.


 


2.33 Qualified
Member” means a member of the Board who is (a) a “non-employee director” within the meaning of
Rule 16b-3(b)(3), and (b) “independent” under the listing standards or rules of the securities exchange upon which the
Common Stock is traded, but only to the extent such independence is required in order to take the action at issue pursuant to such standards
or rules.


 


2.34 Restricted
Stock” means an Award of Shares under the Plan that is subject to restrictions under Article VIII.


 


2.35 “Restricted
Stock Units” means an unfunded, unsecured right to receive, on the applicable settlement date, one Share or an amount in
cash or other consideration determined by the Committee to be of equal value as of such settlement date, subject to certain vesting conditions
and other restrictions.


 


2.36 Restriction
Period” has the meaning set forth in Section 8.3(a) with respect to Restricted Stock.


 


2.37 Rule 16b-3” means
Rule 16b-3 under Section 16(b) of the Exchange Act as then in effect or any successor provision.


 


2.38  “Section 409A
of the Code” means the nonqualified deferred compensation rules under Section 409A of the Code and any applicable
treasury regulations and other official guidance thereunder.


 


2.39 Securities
Act” means the Securities Act of 1933, as amended, and all rules and regulations promulgated thereunder. Reference
to a specific section of the Securities Act or regulation thereunder shall include such section or regulation, any valid regulation or
interpretation promulgated under such section, and any comparable provision of any future legislation or regulation amending, supplementing,
or superseding such section or regulation.


 






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2.40 Shares” means
shares of Common Stock.


 


2.41 Stock Appreciation
Right” shall mean the right granted pursuant to an Award granted under Article VII.


 


2.42 Stock Option” or “Option” means
any option to purchase Shares granted to Eligible Individuals granted pursuant to Article VI.


 


2.43 Subsidiary” means
any subsidiary corporation of the Company within the meaning of Section 424(f) of the Code.


 


2.44 Ten Percent
Stockholder” means a person owning stock possessing more than ten percent (10%) of the total combined voting power
of all classes of stock of the Company, its Subsidiaries or its Parent.


 


2.45 Termination
of Service” means the termination of the applicable Participant’s employment with, or performance of services
for, the Company and its Affiliates. Unless otherwise determined by the Committee, (a) if a Participant’s employment or services
with the Company and its Affiliates terminates but such Participant continues to provide services to the Company and its Affiliates in
a non-employee capacity, such change in status shall not be deemed a Termination of Service with the Company and its Affiliates and
(b) a Participant employed by, or performing services for an Affiliate that ceases to be an Affiliate shall also be deemed to have
incurred a Termination of Service provided the Participant does not immediately thereafter become an employee of the Company or another
Affiliate. Notwithstanding the foregoing provisions of this definition, with respect to any Award that constitutes a “nonqualified
deferred compensation plan” within the meaning of Section 409A of the Code, a Participant shall not be considered to have experienced
a “Termination of Service” unless the Participant has experienced a “separation from service” within the
meaning of Section 409A of the Code.


 


ARTICLE III

ADMINISTRATION


 


3.1 Authority of the
Committee. The Plan shall be administered by the Committee. Subject to the terms of the Plan and Applicable Law, the
Committee shall have full authority to grant Awards to Eligible Individuals under the Plan. In particular, the Committee shall have the
authority to:


 


(a) determine whether and
to what extent Awards, or any combination thereof, are to be granted hereunder to one or more Eligible Individuals;


 


(b) determine the number
of Shares to be covered by each Award granted hereunder;


 


(c) determine the terms and
conditions, not inconsistent with the terms of the Plan, of any Award granted hereunder (including, but not limited to, the exercise or
purchase price (if any), any restriction or limitation, any vesting schedule or acceleration thereof, or any forfeiture restrictions or
waiver thereof, regarding any Award and the Shares relating thereto, based on such factors, if any, as the Committee shall determine,
in its sole discretion);


 


(d) determine the amount
of cash to be covered by each Award granted hereunder;


 


(e) determine whether, to
what extent, and under what circumstances grants of Options and other Awards under the Plan are to operate on a tandem basis and/or in
conjunction with or apart from other awards made by the Company outside of the Plan;


 


(f) determine whether and
under what circumstances an Award may be settled in cash, Shares, other property, or a combination of the foregoing;


 


(g) determine whether, to
what extent and under what circumstances cash, Shares, or other property and other amounts payable with respect to an Award under the
Plan shall be deferred either automatically or at the election of the Participant;


 


(h) modify, waive, amend,
or adjust the terms and conditions of any Award, at any time or from time to time, including but not limited to Performance Goals;


 






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(i) determine whether a Stock
Option is an Incentive Stock Option or Non-Qualified Stock Option;


 


(j) determine whether to
require a Participant, as a condition of the granting of any Award, to not sell or otherwise dispose of Shares acquired pursuant to the
exercise or vesting of an Award for a period of time as determined by the Committee, in its sole discretion, following the date of the
acquisition of such Award or Shares; and


 


(k) modify, extend, or renew
an Award, subject to Article XII and Section 6.3(l).


 


3.2 Guidelines.
Subject to Article XII hereof, the Committee shall have the authority to adopt, alter, and repeal such administrative rules, guidelines,
and practices governing the Plan and perform all acts, including the delegation of its responsibilities (to the extent permitted by Applicable
Law and applicable stock exchange rules), as it shall, from time to time, deem advisable; to construe and interpret the terms and provisions
of the Plan and any Award issued under the Plan (and any agreements or sub-plans relating thereto); and to otherwise supervise the
administration of the Plan. The Committee may correct any defect, supply any omission, or reconcile any inconsistency in the Plan or in
any agreement relating thereto in the manner and to the extent it shall deem necessary to effectuate the purpose and intent of the Plan.
The Committee may adopt special rules, sub-plans, guidelines, and provisions for persons who are residing in or employed in, or subject
to, the taxes of any domestic or foreign jurisdictions to satisfy or accommodate applicable foreign laws or to qualify for preferred tax
treatment of such domestic or foreign jurisdictions.


 


3.3 Decisions Final.
Any decision, interpretation, or other action made or taken in good faith by or at the direction of the Company, the Board, or the Committee
(or any of its members) arising out of or in connection with the Plan shall be within the absolute discretion of all and each of them,
as the case may be, and shall be final, binding, and conclusive on the Company and all employees and Participants and their respective
heirs, executors, administrators, successors, and assigns.


 


3.4 Procedures.
If the Committee is appointed, the Board shall designate one of the members of the Committee as chairman and the Committee shall hold
meetings, subject to the by-laws of the Company, at such times and places as it shall deem advisable, including, without limitation,
by telephone conference or by written consent to the extent permitted by Applicable Law. A majority of the Committee members shall constitute
a quorum. All determinations of the Committee shall be made by a majority of its members. Any decision or determination reduced to writing
and signed by all of the Committee members in accordance with the by-laws of the Company, shall be fully effective as if it had been
made by a vote at a meeting duly called and held. The Committee shall keep minutes of its meetings and shall make such rules and regulations
for the conduct of its business as it shall deem advisable.


 


3.5 Designation of
Consultants/Liability; Delegation of Authority.


 


(a) The Committee may designate
employees of the Company and professional advisors to assist the Committee in the administration of the Plan and (to the extent permitted
by Applicable Law) may grant authority to officers of the Company to grant Awards and/or execute agreements or other documents on behalf
of the Committee.


 


(b) The Committee may employ
such legal counsel, consultants, and agents as it may deem desirable for the administration of the Plan and may rely upon any opinion
received from any such counsel or consultant and any computation received from any such consultant or agent. Expenses incurred by the
Committee or the Board in the engagement of any such counsel, consultant, or agent shall be paid by the Company. The Committee, its members,
and any person designated pursuant to sub-section (a) above shall not be liable for any action or determination made in good faith
with respect to the Plan. To the maximum extent permitted by Applicable Law, no officer of the Company or member or former member of the
Committee or of the Board shall be liable for any action or determination made in good faith with respect to the Plan or any Award granted
under it.


 


(c) The Committee may delegate
any or all of its powers and duties under the Plan to a subcommittee of directors or to any officer of the Company, including the power
to perform administrative functions and grant Awards; provided, that such delegation does not (i) violate Applicable
Law, or (ii) result in the loss of an exemption under Rule 16b-3(d)(1) for Awards granted to Participants subject to Section 16
of the Exchange Act in respect of the Company. Upon any such delegation, all references in the Plan to the “Committee,” shall
be deemed to include any subcommittee or officer of the Company to whom such powers have been delegated by the Committee. Any such delegation
shall not limit the right of such subcommittee members or such an officer to receive Awards; provided, however,
that such subcommittee members and any such officer may not grant Awards to himself or herself, a member of the Board, or any executive
officer of the Company or an Affiliate, or take any action with respect to any Award previously granted to himself or herself, a member
of the Board, or any executive officer of the Company or an Affiliate. The Committee may also appoint agents who are not executive officers
of the Company or members of the Board to assist in administering the Plan, provided, however, that such individuals
may not be delegated the authority to grant or modify any Awards that will, or may, be settled in Shares.


 






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3.6 Indemnification.
To the maximum extent permitted by Applicable Law and to the extent not covered by insurance directly insuring such person, each officer
or employee of the Company or any of its Affiliates and member or former member of the Committee or the Board shall be indemnified and
held harmless by the Company against any cost or expense (including reasonable fees of counsel acceptable to the Committee) or liability
(including any sum paid in settlement of a claim with the approval of the Committee), and advanced amounts necessary to pay the foregoing
at the earliest time and to the fullest extent permitted, arising out of any act or omission to act in connection with the administration
of the Plan, except to the extent arising out of such officer’s, employee’s, member’s, or former member’s own
fraud or bad faith. Such indemnification shall be in addition to any right of indemnification the employees, officers, directors, or members
or former officers, directors, or members may have under Applicable Law or under the by-laws of the Company or any of its Affiliates.
Notwithstanding anything else herein, this indemnification will not apply to the actions or determinations made by an individual with
regard to Awards granted to such individual under the Plan.


 


ARTICLE IV

SHARE LIMITATION


 


4.1 Shares.
The aggregate number of Shares that may be issued or used for reference purposes or with respect to which Awards may be granted under
the Plan shall not exceed 11,300,000 Shares (subject to any increase or decrease pursuant to this Article IV), which may be either
authorized and unissued Shares or Shares held in or acquired for the treasury of the Company or both. The number of Shares that may be
issued or used for reference purposes or with respect to which Awards may be granted under the Plan shall be subject to an annual increase
on the first day of each calendar year beginning January 1, 2022, and ending and including January 1, 2031, equal to the lesser
of (a) 5% of the aggregate number of shares of Class A common stock of the Company and Class B common stock of the Company, in each case,
that is outstanding on the final day of the immediately preceding calendar year and (b) such smaller number of Shares as is determined
by the Board. The aggregate number of Shares that may be issued or used with respect to any Incentive Stock Option shall not exceed 11,300,000
Shares (subject to any increase or decrease pursuant to Section 4.1). Notwithstanding anything to the contrary contained herein,
Shares subject to an Award under the Plan shall again be made available for issuance or delivery under the Plan if such Shares are (A) tendered
in payment of an Option, (B) delivered or withheld by the Company to satisfy any tax withholding obligation or (C) subject to
an Award that expires or is canceled, forfeited, surrendered, exchanged or terminated without issuance of the full number of Shares to
which the Award related.


 


4.2 Substitute Awards.
In connection with an entity’s merger or consolidation with the Company or the Company’s acquisition of an entity’s
property or stock, the Committee may grant Awards in substitution for any options or other stock or stock-based awards granted before
such merger or consolidation by such entity or its Affiliate (“Substitute Awards”). Substitute Awards may be granted
on such terms as the Committee deems appropriate, notwithstanding limitations on Awards in the Plan. Substitute Awards will not count
against the overall share limit (nor shall Shares subject to a Substitute Award be added to the Shares available for Awards under the
Plan as provided above), except that Shares acquired by exercise of substitute Incentive Stock Options will count against the maximum
number of Shares that may be issued pursuant to the exercise of Incentive Stock Options under the Plan. Additionally, in the event that
a company acquired by the Company or any Subsidiary or with which the Company or any Subsidiary combines has shares available under a
pre-existing plan approved by stockholders and not adopted in contemplation of such acquisition or combination, the shares available
for grants pursuant to the terms of such pre-existing plan (as adjusted, to the extent appropriate, using the exchange ratio or other
adjustment or valuation ratio or formula used in such acquisition or combination to determine the consideration payable to the holders
of common stock of the entities party to such acquisition or combination) may be used for Awards under the Plan and shall not reduce the
Shares authorized for grant under the Plan (and Shares subject to such Awards shall not be added to the Shares available for Awards under
the Plan as provided above); provided that Awards using such available shares shall not be made after the date awards or grants could
have been made under the terms of the pre-existing plan, absent the acquisition or combination, and shall only be made to individuals
who were not Eligible Employees or Non-Employee Directors prior to such acquisition or combination.


 






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4.3 Adjustments.


 


(a) The existence of the
Plan and the Awards granted hereunder shall not affect in any way the right or power of the Board or the stockholders of the Company to
make or authorize (i) any adjustment, recapitalization, reorganization, or other change in the Company’s capital structure
or its business, (ii) any merger or consolidation of the Company or any Affiliate, (iii) any issuance of bonds, debentures,
or preferred or prior preference stock ahead of or affecting the Shares, (iv) the dissolution or liquidation of the Company or any
Affiliate, (v) any sale or transfer of all or part of the assets or business of the Company or any Affiliate, or (vi) any other
corporate act or proceeding.


 


(b) Subject to the provisions
of Section 11.1:


 


(i) If the Company at any
time subdivides (by any split, recapitalization or otherwise) the outstanding Shares into a greater number of Shares, or combines (by
reverse split, combination, or otherwise) its outstanding Shares into a lesser number of Shares, then the respective exercise prices for
outstanding Awards that provide for a Participant-elected exercise and the number of Shares covered by outstanding Awards shall be
appropriately adjusted by the Committee to prevent dilution or enlargement of the rights granted to, or available for, Participants under
the Plan.


 


(ii) Excepting transactions
covered by Section 4.3(b)(i), if the Company effects any merger, consolidation, statutory exchange, spin-off, reorganization, sale
or transfer of all or substantially all the Company’s assets or business, or other corporate transaction or event in such a manner
that the Company’s outstanding Shares are converted into the right to receive (or the holders of Common Stock are entitled to receive
in exchange therefor), either immediately or upon liquidation of the Company, securities or other property of the Company or other entity,
then, subject to the provisions of Section 11.1, (A) the aggregate number or kind of securities that thereafter may be issued
under the Plan, (B) the number or kind of securities or other property (including cash) to be issued pursuant to Awards granted under
the Plan (including as a result of the assumption of the Plan and the obligations hereunder by a successor entity, as applicable), or
(C) the exercise or purchase price thereof, shall be appropriately adjusted by the Committee to prevent dilution or enlargement of
the rights granted to, or available for, Participants under the Plan.


 


(iii) If there shall occur
any change in the capital structure of the Company other than those covered by Section 4.3(b)(i) or 4.3(b)(ii), any conversion, any
adjustment, or any issuance of any class of securities convertible or exercisable into, or exercisable for, any class of equity securities
of the Company, then the Committee shall adjust any Award and make such other adjustments to the Plan to prevent dilution or enlargement
of the rights granted to, or available for, Participants under the Plan.


 


(iv) The Committee may adjust
the Performance Goals applicable to any Awards to reflect any unusual or non-recurring events and other extraordinary items, impact
of charges for restructurings, discontinued operations, and the cumulative effects of accounting or tax changes, each as defined by generally
accepted accounting principles or as identified in the Company’s financial statements, notes to the financial statements, management’s
discussion and analysis, or other Company public filing.


 


(v) Any such adjustment determined
by the Committee pursuant to this Section 4.3(b) shall be final, binding, and conclusive on the Company and all Participants and
their respective heirs, executors, administrators, successors, and permitted assigns. Any adjustment to, or assumption or substitution
of, an Award under this Section 4.3(b) shall be intended to comply with the requirements of Section 409A of the Code and Treasury
Regulation §1.424-1 (and any amendments thereto), to the extent applicable. Except as expressly provided in this Section 4.3
or in the applicable Award Agreement, a Participant shall have no additional rights under the Plan by reason of any transaction or event
described in this Section 4.3.


 


4.4 Annual Limit on
Non-Employee Director Compensation. In each calendar year during any part of which the Plan is in effect, a Non-Employee Director
may not receive Awards for such individual’s service on the Board that, taken together with any cash fees paid to such Non-Employee Director
during such calendar year for such individual’s service on the Board, have a value in excess of $500,000 (calculating the value
of any such Awards based on the grant date fair value of such Awards for financial reporting purposes); provided, that for any calendar
year in which a Non-Employee Director (i) first commences service on the Board, (ii) serves on a special committee of the
Board, or (iii) serves as lead director or non-executive chair of the Board, additional compensation may be provided to such
Non-Employee Director in excess of such limit; provided, further, that the limit set forth in this Section 4.4 shall be applied
without regard to Awards or other compensation, if any, provided to a Non-Employee Director during any period in which such individual
was an employee of the Company or any Affiliate or was otherwise providing services to the Company or to any Affiliate other than in the
capacity as a Non-Employee Director.


 






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ARTICLE V

ELIGIBILITY


 


5.1 General Eligibility.
All current and prospective Eligible Individuals are eligible to be granted Awards. Eligibility for the grant of Awards and actual participation
in the Plan shall be determined by the Committee in its sole discretion.


 


5.2 Incentive Stock
Options. Notwithstanding the foregoing, only Eligible Employees who are employees of the Company, its Subsidiaries, or its Parents
(if any) are eligible to be granted Incentive Stock Options under the Plan. Eligibility for the grant of an Incentive Stock Option and
actual participation in the Plan shall be determined by the Committee in its sole discretion.


 


5.3 General Requirement.
The vesting and exercise of Awards granted to a prospective Eligible Individual are conditioned upon such individual actually becoming
an Eligible Employee, Consultant, or Non-Employee Director, as applicable.


 


ARTICLE VI

STOCK OPTIONS


 


6.1 Options.
Stock Options may be granted alone or in addition to other Awards granted under the Plan. Each Stock Option granted under the Plan shall
be of one of two types: (a) an Incentive Stock Option or (b) a Non-Qualified Stock Option.


 


6.2 Grants.
The Committee shall have the authority to grant to any Eligible Employee one or more Incentive Stock Options, Non-Qualified Stock
Options, or both types of Stock Options; provided, however, that Incentive Stock Options may only be granted to
an Eligible Employee who is an employee of the Company, its Subsidiaries, or its Parents (if any). The Committee shall have the authority
to grant any Consultant or Non-Employee Director one or more Non-Qualified Stock Options. To the extent that any Stock Option
does not qualify as an Incentive Stock Option (whether because of its provisions or the time or manner of its exercise or otherwise),
such Stock Option or the portion thereof which does not so qualify shall constitute a separate Non-Qualified Stock Option.


 


6.3 Terms of Options.
Options granted under the Plan shall be evidenced by an Award Agreement and subject to the following terms and conditions and shall be
in such form and contain such additional terms and conditions not inconsistent with the terms of the Plan, as the Committee shall deem
desirable:


 


(a) Exercise Price.
The exercise price per Share subject to a Stock Option shall be determined by the Committee at the time of grant, provided that
the per share exercise price of a Stock Option shall not be less than 100% (or, in the case of an Incentive Stock Option granted to a
Ten Percent Stockholder, 110%) of the Fair Market Value at the time of grant.


 


(b) Stock Option Term.
The term of each Stock Option shall be fixed by the Committee, provided that no Stock Option shall be exercisable more
than ten (10) years (or, in the case of an Incentive Stock Option granted to a Ten Percent Stockholder, five (5) years) after the date
the Option is granted.


 


(c) Exercisability.
Unless otherwise provided by the Committee in accordance with the provisions of this Section 6.3, Stock Options granted under the
Plan shall be exercisable at such time or times and subject to such terms and conditions as shall be determined by the Committee at the
time of grant. The Committee may, but shall not be required to, provide for an acceleration of vesting and exercisability in the terms
of any Award Agreement upon the occurrence of a specified event.


 






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(d) Method of Exercise.
Subject to whatever installment exercise and waiting period provisions apply under Section 6.3(c), to the extent vested, Stock Options
may be exercised in whole or in part at any time during the Option term, by giving written notice of exercise (which may be electronic)
to the Company specifying the number of Shares to be purchased. Such notice shall be accompanied by payment in full of the exercise price
(which shall equal the product of such number of Shares to be purchased multiplied by the applicable exercise price). The exercise price
for the Stock Options may be paid upon such terms and conditions as shall be established by the Committee and set forth in the applicable
Award Agreement. Without limiting the foregoing, the Committee may establish payment terms for the exercise of Stock Options pursuant
to which the Company may withhold a number of Shares that otherwise would be issued to the Participant in connection with the exercise
of the Stock Option having a Fair Market Value on the date of exercise equal to the exercise price, or that permit the Participant to
deliver cash or Shares with a Fair Market Value equal to the exercise price on the date of payment, or through a simultaneous sale through
a broker of Shares acquired on exercise, all as permitted by Applicable Law. No Shares shall be issued until payment therefor, as provided
herein, has been made or provided for. The Committee may provide that a Stock Option include a provision whereby the Participant may elect
at any time before the Participant’s Termination of Service to exercise the Stock Option as to any part or all of the shares of
Common Stock subject to the Stock Option prior to the full vesting of the Stock Option and such shares shall be subject to the provisions
of the Plan and be treated as Restricted Stock. Unvested shares of Common Stock so purchased may be subject to a repurchase option in
favor of the Company or to any other restriction the Committee determines to be appropriate.


 


(e) Non-Transferability of
Options. No Stock Option shall be transferable by the Participant other than by will or by the laws of descent and distribution, and
all Stock Options shall be exercisable, during the Participant’s lifetime, only by the Participant. Notwithstanding the foregoing,
the Committee may determine, in its sole discretion, at the time of grant or thereafter that a Non-Qualified Stock Option that is
otherwise not transferable pursuant to this Section is transferable to a Family Member in whole or in part and in such circumstances,
and under such conditions, as specified by the Committee. A Non-Qualified Stock Option that is transferred to a Family Member pursuant
to the preceding sentence (i) may not be subsequently transferred other than by will or by the laws of descent and distribution and
(ii) remains subject to the terms of the Plan and the applicable Award Agreement. Any Shares acquired upon the exercise of a Non-Qualified Stock
Option by a permissible transferee of a Non-Qualified Stock Option or a permissible transferee pursuant to a transfer after the exercise
of the Non-Qualified Stock Option shall be subject to the terms of the Plan and the applicable Award Agreement.


 


(f) Termination by Death
or Disability. Unless otherwise provided in the applicable Award Agreement, or otherwise determined by the Committee at the time of
grant or, if no rights of the Participant are reduced, thereafter, if a Participant’s Termination of Service is by reason of death
or Disability, all Stock Options that are held by such Participant that are vested and exercisable at the time of the Participant’s
Termination of Service may be exercised by the Participant (or in the case of the Participant’s death, by the legal representative
of the Participant’s estate) at any time within a period of one (1) year from the date of such Termination of Service, but in no
event beyond the expiration of the stated term of such Stock Options; provided, however, that, in the event of a Participant’s
Termination of Service by reason of Disability, if the Participant dies within such exercise period, all unexercised Stock Options held
by such Participant shall thereafter be exercisable, to the extent to which they were exercisable at the time of death, for a period of
one (1) year from the date of such death, but in no event beyond the expiration of the stated term of such Stock Options.


 


(g) Involuntary Termination
Without Cause. Unless otherwise provided in the applicable Award Agreement or otherwise determined by the Committee at the time of
grant or, if no rights of the Participant are reduced, thereafter, if a Participant’s Termination of Service is by involuntary termination
by the Company without Cause, all Stock Options that are held by such Participant that are vested and exercisable at the time of the Participant’s
Termination of Service may be exercised by the Participant at any time within a period of ninety (90) days from the date of such Termination
of Service, but in no event beyond the expiration of the stated term of such Stock Options.


 


(h) Voluntary Resignation.
Unless otherwise provided in the applicable Award Agreement or otherwise determined by the Committee at the time of grant or, if no rights
of the Participant are reduced, thereafter, if a Participant’s Termination of Service is voluntary (other than a voluntary termination
described in Section 6.3(i) hereof), all Stock Options that are held by such Participant that are vested and exercisable at the time
of the Participant’s Termination of Service may be exercised by the Participant at any time within a period of thirty (30) days
from the date of such Termination of Service, but in no event beyond the expiration of the stated term of such Stock Options.


 






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(i) Termination for Cause.
Unless otherwise provided in the applicable Award Agreement or determined by the Committee at the time of grant, or if no rights of the
Participant are reduced, thereafter, if a Participant’s Termination of Service (x) is for Cause or (y) is a voluntary
Termination of Service (as provided in Section 6.3(h)) after the occurrence of an event that would be grounds for a Termination of
Service for Cause, all Stock Options, whether vested or not vested, that are held by such Participant shall thereupon immediately terminate
and expire as of the date of such Termination of Service.


 


(j) Unvested Stock Options.
Unless otherwise provided in the applicable Award Agreement or determined by the Committee at the time of grant or, if no rights of the
Participant are reduced, thereafter, Stock Options that are not vested as of the date of a Participant’s Termination of Service
for any reason shall terminate and expire as of the date of such Termination of Service.


 


(k) Incentive Stock Option
Limitations. To the extent that the aggregate Fair Market Value (determined as of the time of grant) of the Shares with respect to
which Incentive Stock Options are exercisable for the first time by an Eligible Employee during any calendar year under the Plan and/or
any other stock option plan of the Company, any Subsidiary, or any Parent exceeds $100,000, such Options shall be treated as Non-Qualified
Stock Options. In addition, if an Eligible Employee does not remain employed by the Company, any Subsidiary, or any Parent at all times
from the time an Incentive Stock Option is granted until three (3) months prior to the date of exercise thereof (or such other period
as required by Applicable Law), such Stock Option shall be treated as a Non-Qualified Stock Option. Should any provision of the Plan
not be necessary in order for the Stock Options to qualify as Incentive Stock Options, or should any additional provisions be required,
the Committee may amend the Plan accordingly, without the necessity of obtaining the approval of the stockholders of the Company.


 


(l) Modification, Extension
and Renewal of Stock Options. The Committee may (i) modify, extend, or renew outstanding Stock Options granted under the Plan
(provided that the rights of a Participant are not reduced without such Participant’s consent and provided, further that
such action does not subject the Stock Options to Section 409A of the Code without the consent of the Participant), and (ii) accept
the surrender of outstanding Stock Options (to the extent not theretofore exercised) and authorize the granting of new Stock Options in
substitution therefor (to the extent not theretofore exercised). Notwithstanding the foregoing, an outstanding Option may not be modified
to reduce the exercise price thereof nor may a new Option at a lower price be substituted for a surrendered Option (other than adjustments
or substitutions in accordance with Article IV), unless such action is approved by the stockholders of the Company.


 


(m) Other Terms and Conditions.
The Committee may include a provision in an Award Agreement providing for the automatic exercise of a Non-Qualified Stock Option
on a cashless basis on the last day of the term of such Option if the Participant has failed to exercise the Non-Qualified Stock
Option as of such date, with respect to which the Fair Market Value of the Shares underlying the Non-Qualified Stock Option exceeds
the exercise price of such Non-Qualified Stock Option on the date of expiration of such Option, subject to Section 14.4. Stock
Options may contain such other provisions, which shall not be inconsistent with any of the terms of the Plan, as the Committee shall deem
appropriate.


 


ARTICLE VII

STOCK APPRECIATION RIGHTS


 


7.1 Stock Appreciation
Rights. Stock Appreciation Rights shall be subject to the terms and conditions, not inconsistent with the Plan, determined by
the Committee, and the following:


 


(a) Exercise Price.
The exercise price per Share subject to a Stock Appreciation Right shall be determined by the Committee at the time of grant, provided that
the per share exercise price of a Stock Appreciation Right shall not be less than 100% of the Fair Market Value at the time of grant.


 


(b) Term. The term
of each Stock Appreciation Right shall be fixed by the Committee, but shall not be greater than ten (10) years after the date the right
is granted.


 


(c) Exercisability.
Unless otherwise provided by the Committee, Stock Appreciation Rights granted under the Plan shall be exercised at such time or times
and subject to such terms and conditions as shall be determined by the Committee at the time of grant. If the Committee provides that
any such right is exercisable subject to certain terms and conditions, the Committee may waive those terms and conditions on the exercisability
at any time at or after grant in whole or in part.


 






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(d) Method of Exercise.
Subject to whatever installment and waiting period provisions applied under Section 7.1(c), Stock Appreciation Rights may be exercised
in whole or in part at any time in accordance with the applicable Award Agreement, by given written notice of exercise (which may be electronic)
to the Company specifying the number of Stock Appreciation Rights being exercised.


 


(e) Payment. Upon
the exercise of a Stock Appreciation Right a Participant shall be entitled to receive, for each right exercised, up to, but no more than,
an amount in cash and/or Shares (as chosen by the Committee in its sole discretion) equal in value to the excess of the Fair Market Value
of one (1) Share on the date that the right is exercised over the Fair Market Value of one (1) Share on the date that the right
was awarded to the Participant.


 


(f) Termination. Unless
otherwise determined by the Committee at grant or, if no rights of the Participant are reduced, thereafter, subject to the provisions
of the applicable Award Agreement and the Plan, upon a Participant’s Termination of Service for any reason, Stock Appreciation Rights
may remain exercisable following a Participant’s Termination of Service on the same basis as Stock Options would be exercisable
following a Participant’s Termination of Service in accordance with the provisions of Sections 6.3(f) through 6.3(j).


 


(g) Non-Transferability.
No Stock Appreciation Rights shall be transferable by the Participant other than by will or by the laws of descent and distribution, and
all such rights shall be exercisable, during the Participant’s lifetime, only by the Participant.


 


7.2 Automatic Exercise.
The Committee may include a term or condition in an Award Agreement providing for the automatic exercise of a Stock Appreciation Right
on a cashless basis on the last day of the term of the Stock Appreciation Right if the Participant has failed to exercise the Stock Appreciation
Right as of such date, with respect to which the Fair Market Value of the Shares underlying the Stock Appreciation Right exceeds the exercise
price of such Stock Appreciation Right on the date of expiration of such Stock Appreciation Right, subject to Section 14.4.


 


ARTICLE VIII

RESTRICTED STOCK; RESTRICTED STOCK UNITS


 


8.1 Awards of Restricted
Stock and Restricted Stock Units. Shares of Restricted Stock and Restricted Stock Units may be granted alone or in addition to
other Awards granted under the Plan. The Committee shall determine the Eligible Individuals to whom, and the time or times at which, grants
of Restricted Stock and/or Restricted Stock Units shall be made, the number of shares of Restricted Stock or Restricted Stock Units to
be awarded, the price (if any) to be paid by the Participant (subject to Section 8.2), the time or times within which such Awards
may be subject to forfeiture, the vesting schedule and rights to acceleration thereof, and all other terms and conditions of the Awards.
The Committee shall determine and set forth in the Award Agreement the terms and conditions for each Restricted Stock and Restricted Stock
Unit Award, subject to the conditions and limitations contained in the Plan, including any vesting or forfeiture conditions during the
applicable restriction period.


 


The Committee may condition the grant or vesting
of Restricted Stock and Restricted Stock Units upon the attainment of specified performance targets (including, the Performance Goals)
or such other factor as the Committee may determine in its sole discretion.


 


8.2 Awards and Certificates.
Restricted Stock and Restricted Stock Units granted under the Plan shall be evidenced by an Award Agreement and subject to the following
terms and conditions and shall be in such form and contain such additional terms and conditions not inconsistent with the terms of the
Plan, as the Committee shall deem desirable:


 


(a) Restricted Stock:


 


(i) Purchase Price.
The purchase price of Restricted Stock shall be fixed by the Committee. The purchase price for shares of Restricted Stock may be zero
to the extent permitted by Applicable Law, and, to the extent not so permitted, such purchase price may not be less than par value.


 






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(ii) Legend. Each Participant
receiving Restricted Stock shall be issued a stock certificate in respect of such shares of Restricted Stock, unless the Committee elects
to use another system, such as book entries by the transfer agent, as evidencing ownership of shares of Restricted Stock. Such certificate
shall be registered in the name of such Participant, and shall, in addition to such legends required by Applicable Law, bear an appropriate
legend referring to the terms, conditions, and restrictions applicable to such Restricted Stock.


 


(iii) Custody. If stock
certificates are issued in respect of shares of Restricted Stock, the Committee may require that any stock certificates evidencing such
shares be held in custody by the Company until the restrictions thereon shall have lapsed, and that, as a condition of any grant of Restricted
Stock, the Participant shall have delivered a duly signed stock power or other instruments of assignment (including a power of attorney),
each endorsed in blank with a guarantee of signature if deemed necessary or appropriate by the Company, which would permit transfer to
the Company of all or a portion of the shares subject to the Restricted Stock Award in the event that such Award is forfeited in whole
or part.


 


(iv) Rights as a Stockholder.
Except as provided in Section 8.3(a) and this Section 8.2(a) or as otherwise determined by the Committee in an Award Agreement,
the Participant shall have, with respect to the shares of Restricted Stock, all of the rights of a holder of Shares, including, without
limitation, the right to receive dividends, the right to vote such shares, and, subject to and conditioned upon the full vesting of shares
of Restricted Stock, the right to tender such shares; provided that the Award Agreement shall specify on what terms and
conditions the applicable Participant shall be entitled to dividends payable on the Shares.


 


(v) Lapse of Restrictions.
If and when the Restriction Period expires without a prior forfeiture of the Restricted Stock, the certificates for such Shares shall
be delivered to the Participant. All legends shall be removed from said certificates at the time of delivery to the Participant, except
as otherwise required by Applicable Law or other limitations imposed by the Committee.


 


(b) Restricted Stock Units:


 


(i) Settlement. The
Committee may provide that settlement of Restricted Stock Units will occur upon or as soon as reasonably practical after the Restricted
Stock Units vest or will instead be deferred, on a mandatory basis or at the Participant’s election, in a manner intended to comply
with Section 409A of the Code.


 


(ii) Right as a Stockholder.
A Participant will have no rights of a stockholder with respect to Shares subject to any Restricted Stock Unit unless and until Shares
are delivered in settlement of the Restricted Stock Units.


 


(iii) Dividend Equivalents.
If the Committee so provides, a grant of Restricted Stock Units may provide a Participant with the right to receive Dividend Equivalents.
Dividend Equivalents may be paid currently or credited to an account for the Participant, settled in cash or Shares, and subject to the
same restrictions on transferability and forfeitability as the Restricted Stock Units with respect to which the Dividend Equivalents are
granted and subject to other terms and conditions as set forth in the Award Agreement.


 


8.3 Restrictions and
Conditions.


 


(a) Restriction Period.
(i) The Participant shall not be permitted to transfer shares of Restricted Stock awarded under the Plan or vest in Restricted Stock
Units during the period or periods set by the Committee (the “Restriction Period”) commencing on the date of such Award,
as set forth in the applicable Award Agreement and such agreement shall set forth a vesting schedule and any event that would accelerate
vesting of the Restricted Stock and/or Restricted Stock Units. Within these limits, based on service, attainment of Performance Goals
pursuant to Section 8.3(a)(ii), and/or such other factors or criteria as the Committee may determine in its sole discretion, the
Committee may condition the grant or provide for the lapse of such restrictions in installments in whole or in part, or may accelerate
the vesting of all or any part of any Restricted Stock Award or Restricted Stock Unit and/or waive the deferral limitations for all or
any part of any Award.


 


(ii) If the grant of shares
of Restricted Stock or Restricted Stock Units or the lapse of restrictions or vesting schedule is based on the attainment of Performance
Goals, the Committee shall establish the objective Performance Goals and the applicable vesting percentage applicable to each Participant
or class of Participants in the applicable Award Agreement prior to the beginning of the applicable fiscal year or at such later date
as otherwise determined by the Committee and while the outcome of the Performance Goals are substantially uncertain. Such Performance
Goals may incorporate provisions for disregarding (or adjusting for) changes in accounting methods, corporate transactions (including,
without limitation, dispositions and acquisitions), and other similar types of events or circumstances.


 






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(b) Termination. Unless
otherwise provided in the applicable Award Agreement or determined by the Committee at grant or, if no rights of the Participant are reduced,
thereafter, upon a Participant’s Termination of Service for any reason during the relevant Restriction Period, all Restricted Stock
or Restricted Stock Units still subject to restriction will be forfeited in accordance with the terms and conditions established by the
Committee at grant or thereafter.


 


ARTICLE IX

PERFORMANCE AWARDS


 


9.1 Performance Awards.
The Committee may grant a Performance Award to a Participant payable upon the attainment of specific Performance Goals either alone or
in addition to other Awards granted under the Plan. The Performance Goals to be achieved during the Performance Period and the length
of the Performance Period shall be determined by the Committee upon the grant of each Performance Award. The conditions for grant or vesting
and the other provisions of Performance Awards (including, without limitation, any applicable Performance Goals) need not be the same
with respect to each Participant. Performance Awards may be paid in cash, Shares, other property, or any combination thereof, in the sole
discretion of the Committee as set forth in the applicable Award Agreement.


 


ARTICLE X

OTHER STOCK-BASED AND CASH AWARDS


 


10.1 Other Stock-Based Awards.
The Committee is authorized to grant to Eligible Individuals Other Stock-Based Awards that are payable in, valued in whole or in part
by reference to, or otherwise based on or related to Shares, including but not limited to, Shares awarded purely as a bonus and not subject
to restrictions or conditions, Shares in payment of the amounts due under an incentive or performance plan sponsored or maintained by
the Company, stock equivalent units, and Awards valued by reference to book value of Shares. Other Stock-Based Awards may be granted
either alone or in addition to or in tandem with other Awards granted under the Plan.


 


Subject to the provisions of the Plan, the Committee
shall have authority to determine the Eligible Individuals, to whom, and the time or times at which, such Awards shall be made, the number
of Shares to be awarded pursuant to such Awards, and all other conditions of the Awards. The Committee may also provide for the grant
of Shares under such Awards upon the completion of a specified Performance Period. The Committee may condition the grant or vesting of
Other Stock-Based Awards upon the attainment of specified Performance Goals as the Committee may determine, in its sole discretion.


 


10.2 Terms and Conditions.
Other Stock-Based Awards made pursuant to this Article X shall be evidenced by an Award Agreement and subject to the following
terms and conditions and shall be in such form and contain such additional terms and conditions not inconsistent with the terms of the
Plan, as the Committee shall deem desirable:


 


(a) Non-Transferability.
Subject to the applicable provisions of the Award Agreement and the Plan, Shares subject to Awards made under this Article X may
not be transferred prior to the date on which the Shares are issued or, if later, the date on which any applicable restriction, performance,
or deferral period lapses.


 


(b) Dividends. Unless
otherwise determined by the Committee at the time of the grant of an Award, subject to the provisions of the Award Agreement and the Plan,
the recipient of an Award under this Article X shall not be entitled to receive, currently or on a deferred basis, dividends or Dividend
Equivalents in respect of the number of Shares covered by the Award.


 


(c) Vesting. Any Award
under this Article X and any Shares covered by any such Award shall vest or be forfeited to the extent so provided in the Award Agreement,
as determined by the Committee, in its sole discretion.


 


(d) Price. Shares
under this Article X may be issued for no cash consideration. Shares purchased pursuant to a purchase right awarded under this Article X
shall be priced, as determined by the Committee in its sole discretion.


 






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10.3 Cash Awards.
The Committee may from time to time grant Cash Awards to Eligible Individuals in such amounts, on such terms and conditions, and for such
consideration, including no consideration or such minimum consideration as may be required by Applicable Law, as it shall determine in
its sole discretion. Cash Awards may be granted subject to the satisfaction of vesting conditions or may be awarded purely as a bonus
and not subject to restrictions or conditions, and if subject to vesting conditions, the Committee may accelerate the vesting of such
Awards at any time in its sole discretion. The grant of a Cash Award shall not require a segregation of any of the Company’s assets
for satisfaction of the Company’s payment obligation thereunder.


 


ARTICLE XI

CHANGE IN CONTROL PROVISIONS


 


11.1 Benefits.
In the event of a Change in Control of the Company, and except as otherwise provided by the Committee in an Award Agreement, a Participant’s
unvested Awards shall not vest automatically and a Participant’s Awards shall be treated in accordance with one or more of the following
methods as determined by the Committee:


 


(a) Awards, whether or not
then vested, shall be continued, be assumed, or have new rights substituted therefor, as determined by the Committee in a manner consistent
with the requirements of Section 409A of the Code, and restrictions to which shares of Restricted Stock or any other Award granted
prior to the Change in Control are subject shall not lapse upon a Change in Control and the Restricted Stock or other Award shall, where
appropriate in the sole discretion of the Committee, receive the same distribution as other Shares on such terms as determined by the
Committee; provided that the Committee may decide to award additional Restricted Stock or other Awards in lieu of any
cash distribution. Notwithstanding anything to the contrary herein, for purposes of Incentive Stock Options, any assumed or substituted
Stock Option shall comply with the requirements of Treasury Regulation Section 1.424-1 (and any amendment thereto).


 


(b) The Committee, in its
sole discretion, may provide for the purchase of any Awards by the Company for an amount of cash equal to the excess (if any) of the Change
in Control Price of the Shares covered by such Awards, over the aggregate exercise price of such Awards; provided, however,
that if the exercise price of an Option or Stock Appreciation Right exceeds the Change in Control Price, such Award may be cancelled for
no consideration.


 


(c) The Committee may, in
its sole discretion, terminate all outstanding and unexercised Stock Options, Stock Appreciation Rights, or any Other Stock-Based Award
that provides for a Participant-elected exercise, effective as of the date of the Change in Control, by delivering notice of termination
to each Participant at least twenty (20) days prior to the date of consummation of the Change in Control, in which case during the period
from the date on which such notice of termination is delivered to the consummation of the Change in Control, each such Participant shall
have the right to exercise in full all of such Participant’s Awards that are then outstanding (without regard to any limitations
on exercisability otherwise contained in the Award Agreements), but any such exercise shall be contingent on the occurrence of the Change
in Control, and, provided that, if the Change in Control does not take place within a specified period after giving such
notice for any reason whatsoever, the notice and exercise pursuant thereto shall be null and void.


 


(d) Notwithstanding any other
provision herein to the contrary, the Committee may, in its sole discretion, provide for accelerated vesting or lapse of restrictions,
of an Award at any time.


 


ARTICLE XII

TERMINATION OR AMENDMENT OF PLAN


 


Notwithstanding any other provision of the Plan,
the Board or the Committee may at any time, and from time to time, amend, in whole or in part, any or all of the provisions of the Plan
(including any amendment deemed necessary to ensure that the Company may comply with any Applicable Law), or suspend or terminate it entirely,
retroactively or otherwise; provided, however, that, unless otherwise required by Applicable Law or specifically provided
herein, the rights of a Participant with respect to Awards granted prior to such amendment, suspension, or termination may not be impaired
without the consent of such Participant and, provided, further, that without the approval of the holders of the
Shares entitled to vote in accordance with Applicable Law, no amendment may be made that would (i) increase the aggregate number
of Shares that may be issued under the Plan (except by operation of Section 4.1); (ii) change the classification of individuals
eligible to receive Awards under the Plan; (iii) reduce the exercise price of any Stock Option or Stock Appreciation Right; (iv) grant
a new Stock Option, Stock Appreciation Right, or other Award in substitution for, or upon the cancellation of, any previously granted
Stock Option or Stock Appreciation Right that has the effect of reducing the exercise price thereof; (v) exchange any Stock Option
or Stock Appreciation Right for Common Stock, cash, or other consideration when the exercise price per Share under such Stock Option or
Stock Appreciation Right exceeds the Fair Market Value of a Share; or (vi) take any other action that would be considered a “repricing”
of a Stock Option or Stock Appreciation Right under the applicable listing standards of the national exchange on which the Common Stock
is listed (if any). Notwithstanding anything herein to the contrary, the Board or the Committee may amend the Plan or any Award Agreement
at any time without a Participant’s consent to comply with Applicable Law, including Section 409A of the Code. The Committee
may amend the terms of any Award theretofore granted, prospectively or retroactively, but, subject to Article IV or as otherwise
specifically provided herein, no such amendment or other action by the Committee shall impair the rights of any holder without the holder’s
consent.


 






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ARTICLE XIII

UNFUNDED STATUS OF PLAN


 


The Plan is intended to constitute an “unfunded”
plan for incentive and deferred compensation. With respect to any payment as to which a Participant has a fixed and vested interest but
which is not yet made to a Participant by the Company, nothing contained herein shall give any such Participant any right that is greater
than those of a general unsecured creditor of the Company.


 


ARTICLE XIV

GENERAL PROVISIONS


 


14.1 Legend.
The Committee may require each person receiving Shares pursuant to a Stock Option or other Award under the Plan to represent to and agree
with the Company in writing that the Participant is acquiring the Shares without a view to distribution thereof. In addition to any legend
required by the Plan, the certificates for such Shares may include any legend that the Committee deems appropriate to reflect any restrictions
on transfer. All certificates for Shares delivered under the Plan shall be subject to such stop transfer orders and other restrictions
as the Committee may deem advisable under the rules, regulations, and other requirements of the Securities and Exchange Commission, any
stock exchange upon which the Common Stock is then listed or any national securities exchange system upon whose system the Common Stock
is then quoted, and any Applicable Law, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate
reference to such restrictions. If the Shares are held in book-entry form, then the book-entry will indicate any restrictions
on such Shares.


 


14.2 Other Plans.
Nothing contained in the Plan shall prevent the Board from adopting other or additional compensation arrangements, subject to stockholder
approval if such approval is required, and such arrangements may be either generally applicable or applicable only in specific cases.


 


14.3 No Right to Employment/Directorship/Consultancy.
Neither the Plan nor the grant of any Award hereunder shall give any Participant or other employee, Consultant or Non-Employee Director
any right with respect to continuance of employment, consultancy or directorship by the Company or any Affiliate, nor shall there be a
limitation in any way on the right of the Company or any Affiliate by which an employee is employed or a Consultant or Non-Employee Director
is retained to terminate such employment, consultancy, or directorship at any time.


 


14.4 Withholding of
Taxes. A Participant shall be required to pay to the Company or one of its Affiliates, as applicable, or make arrangements satisfactory
to the Company regarding the payment of, any income tax, social insurance contribution or other applicable taxes that are required to
be withheld in respect of an Award. The Committee may (but is not obligated to), in its sole discretion, permit or require a Participant
to satisfy all or any portion of the applicable taxes that are required to be withheld with respect to an Award by (a) the delivery
of Shares (which are not subject to any pledge or other security interest) that have been both held by the Participant and vested for
at least six (6) months (or such other period as established from time to time by the Committee in order to avoid adverse accounting
treatment under applicable accounting standards) having an aggregate Fair Market Value equal to such withholding liability (or portion
thereof); (b) having the Company withhold from the Shares otherwise issuable or deliverable to, or that would otherwise be retained
by, the Participant upon the grant, exercise, vesting, or settlement of the Award, as applicable, a number of Shares with an aggregate
Fair Market Value equal to the amount of such withholding liability; or (c) by any other means specified in the applicable Award
Agreement or otherwise determined by the Committee.


 






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14.5 Fractional Shares.
No fractional Shares shall be issued or delivered pursuant to the Plan. The Committee shall determine whether cash, additional Awards,
or other securities or property shall be used or paid in lieu of fractional Shares or whether any fractional shares should be rounded,
forfeited, or otherwise eliminated.


 


14.6 No Assignment
of Benefits. No Award or other benefit payable under the Plan shall, except as otherwise specifically provided by law or permitted
by the Committee, be transferable in any manner, and any attempt to transfer any such benefit shall be void, and any such benefit shall
not in any manner be liable for or subject to the debts, contracts, liabilities, engagements, or torts of any person who shall be entitled
to such benefit, nor shall it be subject to attachment or legal process for or against such person.


 


14.7 Clawback Provisions.
All Awards (including any proceeds, gains, or other economic benefit the Participant actually or constructively receives upon receipt
or exercise of any Award or the receipt or resale of any Shares underlying the Award) will be subject to any Company clawback policy,
including any claw-back policy adopted to comply with Applicable Law (including the Dodd-Frank Wall Street Reform and Consumer
Protection Act and any rules or regulations promulgated thereunder) as set forth in such clawback policy or the Award Agreement.


 


14.8 Listing and Other
Conditions.


 


(a) Unless otherwise determined
by the Committee, as long as the Common Stock is listed on a national securities exchange or system sponsored by a national securities
association, the issuance of Shares pursuant to an Award shall be conditioned upon such Shares being listed on such exchange or system.
The Company shall have no obligation to issue such Shares unless and until such Shares are so listed, and the right to exercise any Option
or other Award with respect to such Shares shall be suspended until such listing has been effected.


 


(b) If at any time counsel
to the Company shall be of the opinion that any sale or delivery of Shares pursuant to an Award is or may in the circumstances be unlawful
or result in the imposition of excise taxes on the Company under Applicable Law, the Company shall have no obligation to make such sale
or delivery, or to make any application or to effect or to maintain any qualification or registration under the Securities Act or otherwise,
with respect to Shares or Awards, and the right to exercise any Option or other Award shall be suspended until, in the opinion of said
counsel, such sale or delivery shall be lawful or will not result in the imposition of excise taxes on the Company.


 


(c) Upon termination of any
period of suspension under this Section 14.8, any Award affected by such suspension which shall not then have expired or terminated
shall be reinstated as to all Shares available before such suspension and as to Shares which would otherwise have become available during
the period of such suspension, but no such suspension shall extend the term of any Award.


 


(d) A Participant shall be
required to supply the Company with certificates, representations, and information that the Company requests and otherwise cooperate with
the Company in obtaining any listing, registration, qualification, exemption, consent, or approval the Company deems necessary or appropriate.


 


14.9 Governing Law.
The Plan and actions taken in connection herewith shall be governed and construed in accordance with the laws of the State of Delaware,
without reference to principles of conflict of laws.


 


14.10 Construction.
Wherever any words are used in the Plan in the masculine gender they shall be construed as though they were also used in the feminine
gender in all cases where they would so apply, and wherever words are used herein in the singular form they shall be construed as though
they were also used in the plural form in all cases where they would so apply.


 


14.11 Other Benefits.
No Award granted or paid out under the Plan shall be deemed compensation for purposes of computing benefits under any retirement plan
of the Company or its Affiliates or affect any benefit or compensation under any other plan now or subsequently in effect under which
the availability or amount of benefits is related to the level of compensation.


 


14.12 Costs.
The Company shall bear all expenses associated with administering the Plan, including expenses of issuing Shares pursuant to Awards hereunder.


 






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14.13 No Right to Same
Benefits. The provisions of Awards need not be the same with respect to each Participant, and such Awards to individual Participants
need not be the same in subsequent years.


 


14.14 Death/Disability.
The Committee may in its discretion require the transferee of a Participant to supply it with written notice of the Participant’s
death or Disability and to supply it with a copy of the will (in the case of the Participant’s death) or such other evidence as
the Committee deems necessary to establish the validity of the transfer of an Award. The Committee may also require the agreement of the
transferee to be bound by all of the terms and conditions of the Plan.


 


14.15 Section 16(b)
of the Exchange Act. It is the intent of the Company that the Plan satisfy, and be interpreted in a manner that satisfies, the
applicable requirements of Rule 16b-3 as promulgated under Section 16 of the Exchange Act so that Participants will be
entitled to the benefit of Rule 16b-3, or any other rule promulgated under Section 16 of the Exchange Act, and will not be subject
to short-swing liability under Section 16 of the Exchange Act. Accordingly, if the operation of any provision of the Plan would
conflict with the intent expressed in this Section 14.15, such provision to the extent possible shall be interpreted and/or deemed
amended so as to avoid such conflict.


 


14.16 Deferral of Awards.
The Committee may establish one or more programs under the Plan to permit selected Participants the opportunity to elect to defer receipt
of consideration upon exercise of an Award, satisfaction of performance criteria, or other event that absent the election would entitle
the Participant to payment or receipt of Shares or other consideration under an Award. The Committee may establish the election procedures,
the timing of such elections, the mechanisms for payments of, and accrual of interest or other earnings, if any, on amounts, Shares or
other consideration so deferred, and such other terms, conditions, rules, and procedures that the Committee deems advisable for the administration
of any such deferral program.


 


14.17 Section 409A
of the Code. The Plan and Awards are intended to comply with or be exempt from the applicable requirements of Section 409A
of the Code and shall be limited, construed, and interpreted in accordance with such intent. To the extent that any Award is subject to
Section 409A of the Code, it shall be paid in a manner that will comply with Section 409A of the Code, including proposed, temporary,
or final regulations or any other guidance issued by the Secretary of the Treasury and the Internal Revenue Service with respect thereto.
Notwithstanding anything herein to the contrary, any provision in the Plan that is inconsistent with Section 409A of the Code shall
be deemed to be amended to comply with or be exempt from Section 409A of the Code and, to the extent such provision cannot be amended
to comply therewith or be exempt therefrom, such provision shall be null and void. The Company shall have no liability to a Participant,
or any other party, if an Award that is intended to be exempt from, or compliant with, Section 409A of the Code is not so exempt
or compliant or for any action taken by the Committee or the Company and, in the event that any amount or benefit under the Plan becomes
subject to penalties under Section 409A of the Code, responsibility for payment of such penalties shall rest solely with the affected
Participants and not with the Company. Notwithstanding any contrary provision in the Plan or Award Agreement, any payment(s) of “nonqualified
deferred compensation” (within the meaning of Section 409A of the Code) that are otherwise required to be made under the Plan
to a “specified employee” (as defined under Section 409A of the Code) as a result of such employee’s separation
from service (other than a payment that is not subject to Section 409A of the Code) shall be delayed for the first six (6) months
following such separation from service (or, if earlier, until the date of death of the specified employee) and shall instead be paid (in
a manner set forth in the Award Agreement) upon expiration of such delay period.


 


14.18 Successor and
Assigns. The Plan shall be binding on all successors and permitted assigns of a Participant, including, without limitation, the
estate of such Participant and the executor, administrator, or trustee of such estate.


 


14.19 Severability
of Provisions. If any provision of the Plan shall be held invalid or unenforceable, such invalidity or unenforceability shall
not affect any other provisions hereof, and the Plan shall be construed and enforced as if such provisions had not been included.


 


14.20 Headings and
Captions. The headings and captions herein are provided for reference and convenience only, shall not be considered part of the
Plan, and shall not be employed in the construction of the Plan.


 






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ARTICLE XV

EFFECTIVE DATE OF PLAN


 


The Plan shall become effective on September 15,
2021, which is the date of the consummation of the transactions contemplated by the Business Combination Agreement, dated April 7,
2021 (as amended, supplemented or otherwise modified from time to time), by and among Rice Acquisition Corp., Rice Acquisition Holdings
LLC, LFG Intermediate Co, LLC, LFG Buyer Co, LLC, Fezzik Merger Sub, LLC, Archaea Energy LLC and Archaea Energy II LLC, and the Business
Combination Agreement, dated as of April 7, 2021 (as amended, supplemented or otherwise modified from time to time), by and among
RAC, Rice Acquisition Corp., Rice Acquisition Holdings LLC, LFG Intermediate Co, LLC, LFG Buyer Co, LLC, Inigo Merger Sub, LLC, Aria Energy
LLC and Aria Renewable Energy Systems LLC, subject to the approval of the Plan by the stockholders of the Company in accordance with the
requirements of the laws of the State of Delaware.


 


ARTICLE XVI

TERM OF PLAN


 


No Award shall be granted pursuant to the Plan on
or after the tenth (10th) anniversary of the earlier of the date that the Plan is adopted or the date of stockholder approval,
but Awards granted prior to such tenth (10th) anniversary may extend beyond that date.


 


 


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