EX-10.5





 Exhibit 10.5 

FORM OF 
 CONCENTRIX
CORPORATION 
 2020 STOCK INCENTIVE PLAN 

(Adopted by the Board of Directors on [●], 2020) 

(Approved by the Stockholders on [●], 2020) 












 Table of Contents 

 

							
	 SECTION 1.
	 	 ESTABLISHMENT AND PURPOSE.
	  	 	1	 
			
	 SECTION 2.
	 	 DEFINITIONS.
	  	 	1	 
	 (a)
	 	 “Affiliate”
	  	 	1	 
	 (b)
	 	 “Award”
	  	 	1	 
	 (c)
	 	 “Award Agreement”
	  	 	1	 
	 (d)
	 	 “Board of Directors” or “Board”
	  	 	1	 
	 (e)
	 	 “Cash-Based Award”
	  	 	1	 
	 (f)
	 	 “Change in Control”
	  	 	1	 
	 (g)
	 	 “Code”
	  	 	3	 
	 (h)
	 	 “Committee”
	  	 	3	 
	 (i)
	 	 “Company”
	  	 	3	 
	 (j)
	 	 “Consultant”
	  	 	3	 
	 (k)
	 	 “Disability”
	  	 	3	 
	 (l)
	 	 “Employee”
	  	 	3	 
	 (m)
	 	 “Exchange Act”
	  	 	3	 
	 (n)
	 	 “Exercise Price”
	  	 	3	 
	 (o)
	 	 “Fair Market Value”
	  	 	3	 
	 (p)
	 	 “ISO”
	  	 	4	 
	 (q)
	 	 “Nonstatutory Option” or “NSO”
	  	 	4	 
	 (r)
	 	 “Option”
	  	 	4	 
	 (s)
	 	 “Outside Director”
	  	 	4	 
	 (t)
	 	 “Parent”
	  	 	4	 
	 (u)
	 	 “Participant”
	  	 	4	 
	 (v)
	 	 “Plan”
	  	 	4	 
	 (w)
	 	 “Purchase Price”
	  	 	4	 
	 (x)
	 	 “Restricted Share”
	  	 	4	 
	 (y)
	 	 “SAR”
	  	 	4	 
	 (z)
	 	 “Section 409A”
	  	 	4	 
	 (aa)
	 	 “Service”
	  	 	4	 
	 (bb)
	 	 “Share”
	  	 	5	 
	 (cc)
	 	 “Stock”
	  	 	5	 


  
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	 (dd)
	 	 “Stock Unit”
	  	 	5	 
	 (ee)
	 	 “Subsidiary”
	  	 	5	 
			
	 SECTION 3.
	 	 ADMINISTRATION.
	  	 	5	 
	 (a)
	 	 Committee Composition
	  	 	5	 
	 (b)
	 	 Committee for Non-Officer Grants
	  	 	5	 
	 (c)
	 	 Committee Procedures
	  	 	5	 
	 (d)
	 	 Committee Responsibilities
	  	 	6	 
			
	 SECTION 4.
	 	 ELIGIBILITY.
	  	 	7	 
	 (a)
	 	 General Rule
	  	 	7	 
	 (b)
	 	 Ten-Percent Stockholders
	  	 	7	 
	 (c)
	 	 Attribution Rules
	  	 	7	 
	 (d)
	 	 Outstanding Stock
	  	 	7	 
	 (e)
	 	 Automatic Grants to Outside Directors.
	  	 	8	 
			
	 SECTION 5.
	 	 STOCK SUBJECT TO PLAN.
	  	 	9	 
	 (a)
	 	 Basic Limitation
	  	 	9	 
	 (b)
	 	 Additional Shares
	  	 	9	 
	 (c)
	 	 Substitution and Assumption of Awards
	  	 	9	 
			
	 SECTION 6.
	 	 RESTRICTED SHARES.
	  	 	10	 
	 (a)
	 	 Restricted Share Award Agreement
	  	 	10	 
	 (b)
	 	 Payment for Awards
	  	 	10	 
	 (c)
	 	 Vesting
	  	 	10	 
	 (d)
	 	 Voting and Dividend Rights
	  	 	10	 
	 (e)
	 	 Restrictions on Transfer of Shares
	  	 	10	 
			
	 SECTION 7.
	 	 TERMS AND CONDITIONS OF OPTIONS.
	  	 	10	 
	 (a)
	 	 Stock Option Award Agreement
	  	 	10	 
	 (b)
	 	 Number of Shares
	  	 	11	 
	 (c)
	 	 Exercise Price
	  	 	11	 
	 (d)
	 	 Withholding Taxes
	  	 	11	 
	 (e)
	 	 Exercisability and Term
	  	 	11	 
	 (f)
	 	 Exercise of Options
	  	 	11	 
	 (g)
	 	 Effect of Change in Control
	  	 	12	 


  
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	 (h)
	 	 No Rights as a Stockholder
	  	 	12	 
	 (i)
	 	 Modification, Extension and Renewal of Options
	  	 	12	 
	 (j)
	 	 Restrictions on Transfer of Shares
	  	 	12	 
	 (k)
	 	 Buyout Provisions
	  	 	12	 
			
	 SECTION 8.
	 	 PAYMENT FOR SHARES.
	  	 	12	 
	 (a)
	 	 General Rule
	  	 	12	 
	 (b)
	 	 Surrender of Stock
	  	 	12	 
	 (c)
	 	 Services Rendered
	  	 	13	 
	 (d)
	 	 Cashless Exercise
	  	 	13	 
	 (e)
	 	 Exercise/Pledge
	  	 	13	 
	 (f)
	 	 Net Exercise
	  	 	13	 
	 (g)
	 	 Promissory Note
	  	 	13	 
	 (h)
	 	 Other Forms of Payment
	  	 	13	 
	 (i)
	 	 Limitations under Applicable Law
	  	 	13	 
			
	 SECTION 9.
	 	 STOCK APPRECIATION RIGHTS.
	  	 	13	 
	 (a)
	 	 SAR Award Agreement
	  	 	13	 
	 (b)
	 	 Number of Shares
	  	 	14	 
	 (c)
	 	 Exercise Price
	  	 	14	 
	 (d)
	 	 Exercisability and Term
	  	 	14	 
	 (e)
	 	 Effect of Change in Control
	  	 	14	 
	 (f)
	 	 Exercise of SARs
	  	 	14	 
	 (g)
	 	 Modification, Extension or Assumption of SARs
	  	 	14	 
	 (h)
	 	 Buyout Provisions
	  	 	14	 
			
	 SECTION 10.
	 	 STOCK UNITS.
	  	 	15	 
	 (a)
	 	 Stock Unit Award Agreement
	  	 	15	 
	 (b)
	 	 Payment for Awards
	  	 	15	 
	 (c)
	 	 Vesting Conditions
	  	 	15	 
	 (d)
	 	 Voting and Dividend Rights
	  	 	15	 
	 (e)
	 	 Form and Time of Settlement of Stock Units
	  	 	15	 
	 (f)
	 	 Death of Participant
	  	 	16	 
	 (g)
	 	 Creditors’ Rights
	  	 	16	 


  
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	 SECTION 11.
	 	 CASH-BASED AWARDS
	  	 	16	 
			
	 SECTION 12.
	 	 ADJUSTMENT OF SHARES.
	  	 	16	 
	 (a)
	 	 Adjustments
	  	 	16	 
	 (b)
	 	 Dissolution or Liquidation
	  	 	16	 
	 (c)
	 	 Reorganizations
	  	 	17	 
	 (d)
	 	 Reservation of Rights
	  	 	17	 
			
	 SECTION 13.
	 	 DEFERRAL OF AWARDS.
	  	 	18	 
	 (a)
	 	 Committee Powers
	  	 	18	 
	 (b)
	 	 General Rules
	  	 	18	 
			
	 SECTION 14.
	 	 AWARDS UNDER OTHER PLANS.
	  	 	18	 
			
	 SECTION 15.
	 	 LEGAL AND REGULATORY REQUIREMENTS.
	  	 	18	 
			
	 SECTION 16.
	 	 TAXES.
	  	 	19	 
	 (a)
	 	 Withholding Taxes
	  	 	19	 
	 (b)
	 	 Share Withholding
	  	 	19	 
	 (c)
	 	 Section 409A
	  	 	19	 
			
	 SECTION 17.
	 	 LIMITATION ON PARACHUTE PAYMENTS.
	  	 	19	 
	 (a)
	 	 Scope of Limitation
	  	 	19	 
	 (b)
	 	 Basic Rule
	  	 	19	 
	 (c)
	 	 Reduction of Payments
	  	 	20	 
	 (d)
	 	 Related Corporations
	  	 	20	 
			
	 SECTION 18.
	 	 TRANSFERABILITY.
	  	 	20	 
			
	 SECTION 19.
	 	 PERFORMANCE BASED AWARDS.
	  	 	20	 
			
	 SECTION 20.
	 	 NO EMPLOYMENT RIGHTS.
	  	 	21	 
			
	 SECTION 21.
	 	 DURATION AND AMENDMENTS.
	  	 	21	 
	 (a)
	 	 Term of the Plan
	  	 	21	 
	 (b)
	 	 Right to Amend the Plan
	  	 	21	 
	 (c)
	 	 Effect of Termination
	  	 	21	 
			
	 SECTION 22.
	 	 AWARDS TO NON-U.S. PARTICIPANTS.
	  	 	21	 
			
	 SECTION 23.
	 	 CANCELLATION OR CLAWBACK OF AWARDS.
	  	 	21	 


  
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	 SECTION 24.
	 	 GOVERNING LAW.
	  	 	22	 
			
	 SECTION 25.
	 	 SUCCESSORS AND ASSIGNS.
	  	 	22	 
			
	 SECTION 26.
	 	 EXECUTION.
	  	 	22	 


  
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 CONCENTRIX CORPORATION 

2020 STOCK INCENTIVE PLAN 
 SECTION 1.
ESTABLISHMENT AND PURPOSE. 
 The Plan was adopted by the Board of Directors on [●], 2020 and shall be effective immediately prior
to the spin-off and distribution of Stock to the stockholders of SYNNEX Corporation pursuant to a registration statement filed by the Company with the Securities and Exchange Commission (such effective date,
the “Effective Date”). The Plan’s purpose is to enhance the Company’s ability to attract, retain and motivate persons who make (or are expected to make) important contributions to the Company by providing these individuals with
equity ownership and other incentive opportunities. 
 SECTION 2. DEFINITIONS. 

(a) “Affiliate” shall mean any entity other than a Subsidiary, if the Company and/or one or more
Subsidiaries own not less than 50% of such entity. 
 (b) “Award” shall mean any award of an Option, a
SAR, a Restricted Share, a Stock Unit or a Cash-Based Award under the Plan. 
 (c) “Award Agreement”
shall mean the agreement between the Company and the recipient of an Award which contains the terms, conditions and restrictions pertaining to such Award. 

(d) “Board of Directors” or “Board” shall mean the Board of
Directors of the Company, as constituted from time to time. 
 (e) “Cash-Based Award” shall mean an
Award that entitles the Participant to receive a cash-denominated payment. 
 (f) “Change in
Control” shall mean the occurrence of any of the following events: 
  

	 	(i)	 A change in the composition of the Board of Directors occurs, as a result of which fewer than one-half of the incumbent directors are directors who either: 


  

	 	(A)	 Had been directors of the Company on the “look-back date” (as defined below) (the “original
directors”); or 


  

	 	(B)	 Were elected, or nominated for election, to the Board of Directors with the affirmative votes of at least a
majority of the aggregate of the original directors who were still in office at the time of the election or nomination and the directors whose election or nomination was previously so approved (the “continuing directors”);




  
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 provided, however, that for this purpose, the “original directors” and
“continuing directors” shall not include any individual whose initial assumption of office occurred as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened
solicitation of proxies or consents, by or on behalf of a person other than the Board; 
  

	 	(ii)	 Any “person” (as defined below) who by the acquisition or aggregation of securities, is or becomes
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 ordinarily (and apart from rights accruing under special circumstances) having the right to vote at elections of directors (the “Base Capital Stock”); except that any change in the relative
beneficial ownership of the Company’s securities by any person resulting solely from a reduction in the aggregate number of outstanding shares of Base Capital Stock, and any decrease thereafter in such person’s ownership of securities,
shall be disregarded until such person increases in any manner, directly or indirectly, such person’s beneficial ownership of any securities of the Company; 



 

	 	(iii)	 The consummation of a merger or consolidation of the Company or a Subsidiary of the Company with or into
another entity or any other corporate reorganization, if persons who were not stockholders of the Company immediately prior to such merger, consolidation or other reorganization own immediately after such merger, consolidation or other
reorganization 50% or more of the voting power of the outstanding securities of each of (A) the Company (or its successor) and (B) any direct or indirect parent corporation of the Company (or its successor); or 



 

	 	(iv)	 The sale, transfer or other disposition of all or substantially all of the Company’s assets.



 For purposes of subsection (f)(i) above, the term “look-back” date shall mean the later of (1) the
Effective Date and (2) the date that is 24 months prior to the date of the event that may constitute a Change in Control. 
 For
purposes of subsection (f)(ii) above, the term “person” shall have the same meaning as when used in Sections 13(d) and 14(d) of the Exchange Act, but shall exclude (1) a trustee or other fiduciary holding securities under an employee
benefit plan maintained by the Company or a Parent or Subsidiary and (2) a corporation owned directly or indirectly by the stockholders of the Company in substantially the same proportions as their ownership of the Stock. 

Any other provision of this Section 2(f) notwithstanding, a transaction shall not constitute a Change in Control if its sole purpose is
to change the state of the Company’s incorporation or to create a holding company that will be owned in substantially the same proportions by the persons who held the Company’s securities immediately before such transaction, and a Change
in Control shall not be deemed to occur if the Company files a registration statement with the Securities and Exchange Commission for the offering of securities or debt of the Company to the public. 

  
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 (g) “Code” shall mean the United States Internal
Revenue Code of 1986, as amended, and the rules and regulations promulgated thereunder. 
 (h)
“Committee” shall mean the Compensation Committee or such other committee as may be designated by the Board of Directors, which is authorized to administer the Plan, as described in Section 3 hereof. 

(i) “Company” shall mean Concentrix Corporation, a Delaware corporation. 

(j) “Consultant” shall mean an individual who is a consultant or advisor and who provides bona fide
services to the Company, a Parent, a Subsidiary or an Affiliate as an independent contractor (not including service as a member of the Board of Directors) or a member of the board of directors of a Parent or a Subsidiary, in each case who is not an
Employee. 
 (k) “Disability” shall mean any permanent and total disability as defined by
Section 22(e)(3) of the Code. 
 (l) “Employee” shall mean any individual who is employed by the
Company, a Parent, a Subsidiary or an Affiliate. 
 (m) “Exchange Act” shall mean the United States
Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. 
 (n) “Exercise
Price” shall mean, in the case of an Option, the amount for which one Share may be purchased upon exercise of such Option, as specified in the applicable Stock Option Agreement. “Exercise Price” shall mean, in the case of a
SAR, an amount, as specified in the applicable SAR Award Agreement, which is subtracted from the Fair Market Value of one Share in determining the amount payable upon exercise of such SAR. 

(o) “Fair Market Value” with respect to a Share, shall mean the market price of one Share, as determined
in accordance with the methodology approved by the Committee or, in the absence of such determination, as follows: 
  

	 	(i)	 If the Stock was traded on any established stock exchange (such as the New York Stock Exchange, The Nasdaq
Global Market or The Nasdaq Global Select Market) or national market system on the date in question, then the Fair Market Value shall be equal to the closing price reported for such date by the applicable exchange or system; 



 

	 	(ii)	 If the Stock was traded
over-the-counter on the date in question, then the Fair Market Value shall be equal to the last transaction price quoted for such date by the OTC Bulletin Board or, if
not so quoted, shall be equal to the mean between the last reported representative bid and asked prices quoted for such date by the principal automated inter-dealer quotation system on which the Stock is quoted or, if the Stock is not quoted on any
such system, by the Pink Quote system; or 



  
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	 	(iii)	 If none of the foregoing provisions is applicable, then the Fair Market Value shall be determined by the
Committee in good faith on such basis as it deems appropriate. 


 In all cases, the determination of Fair Market Value by the Committee
shall be conclusive and binding on all persons. 
 (p) “ISO” shall mean an employee incentive stock
option described in Section 422 of the Code. 
 (q) “Nonstatutory Option” or
“NSO” shall mean an employee stock option that is not an ISO. 
 (r)
“Option” shall mean an ISO or Nonstatutory Option granted under the Plan and entitling the holder to purchase Shares. 

(s) “Outside Director” shall mean a member of the Board of Directors who is not a common-law employee of, or paid consultant to, the Company, a Parent or a Subsidiary. 
 (t)
“Parent” shall mean any corporation (other than the Company) in an unbroken chain of corporations ending with the Company, if each of the corporations other than the Company owns stock possessing 50% or more of the
total combined voting power of all classes of stock in one of the other corporations in such chain. A corporation that attains the status of a Parent on a date after the adoption of the Plan shall be a Parent commencing as of such date. 

(u) “Participant” shall mean a person who holds an Award. 

(v) “Plan” shall mean this 2020 Stock Incentive Plan of Concentrix Corporation, as amended from time to
time. 
 (w) “Purchase Price” shall mean the consideration for which one Share may be acquired under
the Plan (other than upon exercise of an Option), as specified by the Committee. 
 (x) “Restricted
Share” shall mean a Share awarded under the Plan. 
 (y) “SAR” shall mean a stock
appreciation right granted under the Plan. 
 (z) “Section 409A” means
Section 409A of the Code. 
 (aa) “Service” shall mean service as an Employee,
Consultant or Outside Director, subject to such further limitations as may be set forth in the Plan or the applicable Award Agreement. Service does not terminate when an Employee goes on a bona fide leave of absence, that was approved by the Company
in writing, if the terms of the leave provide for continued Service crediting, or when continued Service crediting is required by applicable law. However, for purposes of determining whether an Option is entitled to ISO status, an Employee’s


  
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employment will be treated as terminating three months after such Employee went on leave, unless such Employee’s right to return to active work is guaranteed by law or by a contract. Service
terminates in any event when the approved leave ends, unless such Employee immediately returns to active work. The Company determines which leaves of absence count toward Service, and when Service terminates for all purposes under the Plan. 

(bb) “Share” shall mean one share of Stock, as adjusted in accordance with Section 12
(if applicable). 
 (cc) “Stock” shall mean the Common Stock, par value $0.0001, of the Company. 

(dd) “Stock Unit” shall mean a bookkeeping entry representing the Company’s
obligation to deliver one Share (or distribute cash) on a future date in accordance with the provisions of a Stock Unit Award Agreement. 

(ee) “Subsidiary” shall mean any corporation, if the Company and/or one or more other
Subsidiaries own not less than 50% of the total combined voting power of all classes of outstanding stock of such corporation. A corporation that attains the status of a Subsidiary on a date after the adoption of the Plan shall be considered a
Subsidiary commencing as of such date. 
 SECTION 3. ADMINISTRATION. 

(a) Committee Composition. The Plan shall be administered by a Committee appointed by the Board, or by the Board acting as the
Committee. The Committee shall consist of two or more directors of the Company. In addition, to the extent required by the Board, the composition of the Committee shall satisfy such requirements as the Securities and Exchange Commission may
establish for administrators acting under plans intended to qualify for exemption under Rule 16b-3 (or its successor) under the Exchange Act. 

(b) Committee for Non-Officer Grants. The Board may also appoint one or more separate
committees of the Board, each composed of one or more directors of the Company who need not satisfy the requirements of Section 3(a), who may administer the Plan with respect to Employees who are not considered officers or directors of the
Company under Section 16 of the Exchange Act, may grant Awards under the Plan to such Employees and may determine all terms of such grants. Within the limitations of the preceding sentence, any reference in the Plan to the Committee shall
include such committee or committees appointed pursuant to the preceding sentence. To the extent permitted by applicable laws, the Board of Directors or the Committee may also authorize one or more officers of the Company to designate Employees,
other than officers under Section 16 of the Exchange Act, to receive Awards and/or to determine the number of such Awards to be received by such persons; provided, however, that the Board of Directors shall specify the total number of Awards
that such officers may so award. 
 (c) Committee Procedures. The Board of Directors shall designate one of the members of the
Committee as chairman. The Committee may hold meetings at such times and places as it shall determine. The acts of a majority of the Committee members present at meetings at which a quorum exists, or acts reduced to or approved in writing (including
via email) by all Committee members, shall be valid acts of the Committee. 

  
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 (d) Committee Responsibilities. Subject to the provisions of the Plan, the
Committee shall have full authority and discretion to take the following actions: 
  

	 	(i)	 To interpret the Plan and to apply its provisions; 



 

	 	(ii)	 To adopt, amend or rescind rules, procedures and forms relating to the Plan; 



 

	 	(iii)	 To adopt, amend or terminate sub-plans established for the purpose of
satisfying applicable non-U.S. laws including qualifying for preferred tax treatment under applicable non-U.S. tax laws; 



 

	 	(iv)	 To authorize any person to execute, on behalf of the Company, any instrument required to carry out the purposes
of the Plan; 


  

	 	(v)	 To determine when Awards are to be granted under the Plan; 



 

	 	(vi)	 To select the Participants to whom Awards are to be granted; 



 

	 	(vii)	 To determine the type of Award and number of Shares or amount of cash to be made subject to each Award;



  

	 	(viii)	 To prescribe the terms and conditions of each Award, including (without limitation) the Exercise Price and
Purchase Price, and the vesting or duration of the Award (including accelerating the vesting of Awards, either at the time of the Award or thereafter, without the consent of the Participant), to determine whether an Option is to be classified as an
ISO or as a Nonstatutory Option, and to specify the provisions of the agreement relating to such Award; 


  

	 	(ix)	 To amend any outstanding Award Agreement, subject to applicable legal restrictions and to the consent of the
Participant if the Participant’s rights or obligations would be materially impaired; 


  

	 	(x)	 To prescribe the consideration for the grant of each Award or other right under the Plan and to determine the
sufficiency of such consideration; 


  

	 	(xi)	 To determine the disposition of each Award or other right under the Plan in the event of a Participant’s
divorce or dissolution of marriage; 


  

	 	(xii)	 To determine whether Awards under the Plan will be granted in replacement of other grants under an incentive or
other compensation plan of an acquired business; 


  

	 	(xiii)	 To correct any defect, supply any omission, or reconcile any inconsistency in the Plan or any Award Agreement;




  
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	 	(xiv)	 To establish or verify the extent of satisfaction of any performance goals or other conditions applicable to
the grant, issuance, exercisability, vesting and/or ability to retain any Award; and 


  

	 	(xv)	 To take any other actions deemed necessary or advisable for the administration of the Plan.



 Subject to the requirements of applicable law, the Committee may designate persons other than members of the Committee to carry out its
responsibilities and may prescribe such conditions and limitations as it may deem appropriate, except that the Committee may not delegate its authority with regard to the selection for participation of or the granting of Awards under the Plan to
persons subject to Section 16 of the Exchange Act. All decisions, interpretations and other actions of the Committee shall be final and binding on all Participants and all persons deriving their rights from a Participant. No member of the
Committee shall be liable for any action that he has taken or has failed to take in good faith with respect to the Plan or any Award under the Plan. 

(e) Cancellation and Re-Grant of Stock Awards. Notwithstanding any contrary provision of
the Plan, neither the Board nor any Committee, nor their designees, shall have the authority to: (i) amend the terms of outstanding Options or SARs to reduce the Exercise Price thereof, or (ii) cancel outstanding Options or SARs with an
Exercise Price above the current Fair Market Value per Share in exchange for another Option, SAR or other Award, unless the stockholders of the Company have previously approved such an action or such action relates to an adjustment pursuant to
Section 12. 
 SECTION 4. ELIGIBILITY. 

(a) General Rule. Only Employees, Consultants and Outside Directors shall be eligible for the grant of Awards. Only common-law employees of the Company, a Parent or a Subsidiary shall be eligible for the grant of ISOs. 

(b) Ten-Percent Stockholders. An Employee who owns more than 10% of the total combined
voting power of all classes of outstanding stock of the Company, a Parent or Subsidiary shall not be eligible for the grant of an ISO unless such grant satisfies the requirements of Section 422(c)(5) of the Code. 

(c) Attribution Rules. For purposes of Section 4(b) above, in determining stock ownership, an Employee shall be deemed to
own the stock owned, directly or indirectly, by or for such Employee’s brothers, sisters, spouse, ancestors and lineal descendants. Stock owned, directly or indirectly, by or for a corporation, partnership, estate or trust shall be deemed to be
owned proportionately by or for its stockholders, partners or beneficiaries. 
 (d) Outstanding Stock. For purposes of
Section 4(b) above, “outstanding stock” shall include all stock actually issued and outstanding immediately after the grant. “Outstanding stock” shall not include shares authorized for issuance under outstanding options held
by the Employee or by any other person. 

  
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 (e) Automatic Grants to Outside Directors. 

 

	 	(i)	 Subject to approval of the Plan by the Company’s stockholders, on the date of each annual meeting of the
Company’s stockholders (or as soon as practicable thereafter), each Outside Director shall receive a grant of whole Restricted Shares equal to the quotient of (x) $100,000 divided by (y) the Fair Market Value of a Share as of the grant
date; provided, however, that if the date of the annual meeting falls with a trading blackout period under the Company’s Insider Trading Policy, then the grant date shall be the third trading day following the expiration of the trading blackout
period. The Restricted Shares granted under this Section 4(e)(i) shall vest on the first anniversary of the date of grant (or, if earlier, the date of the Company’s next annual meeting of stockholders following the date of grant).
Notwithstanding the foregoing, each Restricted Share granted under this Section 4(e)(i) shall become vested if a Change in Control occurs with respect to the Company during the Outside Director’s Service. 



 

	 	(ii)	 Subject to approval of the Plan by the Company’s stockholders, a person who is initially elected or
appointed to the Board other than on the date of an annual meeting of stockholders and who is an Outside Director at the time of such initial election or appointment shall receive on the date of such initial election or appointment (or as soon as
practicable thereafter) a pro-rated grant of whole Restricted Shares, which proration shall reflect such Outside Director’s partial year of service, calculated as the quotient of (x) $100,000 divided by
(y) the Fair Market Value of a Share as of the grant date multiplied by a fraction, (A) the numerator of which is the number of days from the date of such initial election or appointment through the first anniversary of the date of the
preceding annual meeting of stockholders (or, in the case of grants to Outside Directors appointed prior to the Company’s 2021 annual meeting of stockholders, the first anniversary of the date of the 2020 annual meeting of stockholders of
SYNNEX Corporation) and (B) the denominator of which is three hundred and sixty-five (365); provided, however, that if the date of the Outside Director’s initial election or appointment falls with a trading blackout period under the
Company’s Insider Trading Policy, then the grant date shall be the third trading day following the expiration of the trading blackout period. The Restricted Shares granted under this Section 4(e)(ii) shall vest on the first anniversary of
the date of grant (or, if earlier, the date of the Company’s next annual meeting of stockholders following the date of grant). Notwithstanding the foregoing, each Restricted Share granted under this Section 4(e)(ii) shall become vested if
a Change in Control occurs with respect to the Company during the Outside Director’s Service. 


  

	 	(iii)	 The grant date fair value of all Awards (as determined in accordance with Financial Accounting Standards Board
Accounting Standards Codification 



  
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Topic 718, or any successor thereto) granted under the Plan to any Outside Director as compensation for services as an Outside Director during any twelve (12)-month period may not exceed
$400,000, provided that any Award granted to an Outside Director in lieu of a cash retainer pursuant to Section 14(b) will be excluded from such limit. 

  

	 	(iv)	 The Board or the Committee may change or otherwise revise the terms of the Awards granted to Outside Directors
under this Section 4(e), including, without limitation, the value of the Award, the number of Shares subject thereto or the type of Award to be granted, for Awards granted on or after the date the Board or Committee determines to make any such
change or revision. 


 SECTION 5. STOCK SUBJECT TO PLAN. 

(a) Basic Limitation. Shares offered under the Plan shall be authorized but unissued Shares or treasury Shares. The aggregate
number of Shares authorized for issuance as Awards under the Plan shall not exceed the sum of (x) [●] Shares, plus (y) an annual increase on the first day of each fiscal year, for a period of not more than 10 years, beginning on or after
December 1, 2021, in an amount equal to the lesser of (i) one percent (1.0%) of the outstanding Shares on the last day of the immediately preceding fiscal year or (ii) if the Board acts prior to the first day of the fiscal year, such
lesser amount (including zero) that the Board determines for purposes of the annual increase for that fiscal year. Notwithstanding the foregoing, the number of Shares that may be delivered in the aggregate pursuant to the exercise of ISOs granted
under the Plan shall not exceed 500,000 Shares plus, to the extent allowable under Section 422 of the Code, any Shares that become available for issuance under the Plan pursuant to Section 5(b). The limitations of this Section 5(a)
shall be subject to adjustment pursuant to Section 12. The number of Shares that are subject to Awards outstanding at any time under the Plan shall not exceed the number of Shares which then remain available for issuance under the Plan. The
Company shall at all times reserve and keep available sufficient Shares to satisfy the requirements of the Plan. 
 (b) Additional
Shares. If Restricted Shares or Shares issued upon the exercise of Options are forfeited, then such Shares shall again become available for Awards under the Plan. If Stock Units, Options or SARs are forfeited or terminate for any reason before
being exercised or settled, or an Award is settled in cash without the delivery of Shares to the holder, then any Shares subject to the Award shall again become available for Awards under the Plan. Only the number of Shares (if any) actually issued
in settlement of Awards (and not forfeited) shall reduce the number available in Section 5(a) and the balance shall again become available for Awards under the Plan. Any Shares withheld to satisfy the grant price or Exercise Price or tax
withholding obligation pursuant to any Award shall again become available for Awards under the Plan. Notwithstanding the foregoing provisions of this Section 5(b), Shares that have actually been issued shall not again become available for
Awards under the Plan, except for Shares that are forfeited and do not become vested. 
 (c) Substitution and Assumption of
Awards. The Committee may make Awards under the Plan by assumption, substitution or replacement of stock options, stock appreciation 

  
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rights, stock units or similar awards granted by another entity (including a Parent or Subsidiary), if such assumption, substitution or replacement is in connection with an asset acquisition,
stock acquisition, merger, consolidation or similar transaction involving the Company (and/or its Parent or Subsidiary) and such other entity (and/or its affiliate). The terms of such assumed, substituted or replaced Awards shall be as the
Committee, in its discretion, determines is appropriate, notwithstanding limitations on Awards in the Plan. Any such substitute or assumed Awards shall not count against the Share limitation set forth in Section 5(a) (nor shall Shares subject
to such Awards be added to the Shares available for Awards under the Plan as provided in Section 5(b) above), except that Shares acquired by exercise of substitute ISOs will count against the maximum number of Shares that may be issued pursuant
to the exercise of ISOs under the Plan. 
 SECTION 6. RESTRICTED SHARES. 

(a) Restricted Share Award Agreement. Each grant of Restricted Shares under the Plan shall be evidenced by a Restricted Share
Award Agreement between the Participant and the Company. Such Restricted Shares shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The provisions of the various
Restricted Share Award Agreements entered into under the Plan need not be identical. 
 (b) Payment for Awards. Restricted
Shares may be sold or awarded under the Plan for such consideration as the Committee may determine, including (without limitation) cash, cash equivalents, full-recourse promissory notes, past services and future services. 

(c) Vesting. Each Award of Restricted Shares may or may not be subject to vesting. Vesting shall occur, in full or in
installments, upon satisfaction of the conditions specified in the Restricted Share Award Agreement. A Restricted Share Award Agreement may provide for accelerated vesting in the event of the Participant’s death, Disability or retirement or
other events. The Committee may determine, at the time of granting Restricted Shares or thereafter, that all or part of such Restricted Shares shall become vested in the event that a Change in Control occurs with respect to the Company. 

(d) Voting and Dividend Rights. The holders of Restricted Shares awarded under the Plan shall have the same
voting, dividend and other rights as the Company’s other stockholders. A Restricted Share Award Agreement, however, may require that the holders of Restricted Shares invest any cash dividends received in additional Restricted Shares. Such
additional Restricted Shares shall be subject to the same conditions and restrictions as the Award with respect to which the dividends were paid. 

(e) Restrictions on Transfer of Shares. Restricted Shares shall be subject to such rights of repurchase, rights of first refusal
or other restrictions as the Committee may determine. Such restrictions shall be set forth in the applicable Restricted Share Award Agreement and shall apply in addition to any general restrictions that may apply to all holders of Shares. 

SECTION 7. TERMS AND CONDITIONS OF OPTIONS. 

(a) Stock Option Award Agreement. Each grant of an Option under the Plan shall be evidenced by a Stock Option Award Agreement
between the Participant and the Company. Such 

  
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Option shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions which are not inconsistent with the Plan and which the Committee
deems appropriate for inclusion in a Stock Option Award Agreement. The Stock Option Award Agreement shall specify whether the Option is an ISO or an NSO. The provisions of the various Stock Option Award Agreements entered into under the Plan need
not be identical. 
 (b) Number of Shares. Each Stock Option Award Agreement shall specify the number of Shares that are
subject to the Option and shall provide for the adjustment of such number in accordance with Section 12. 
 (c) Exercise
Price. Each Stock Option Award Agreement shall specify the Exercise Price. The Exercise Price of an ISO shall not be less than 100% of the Fair Market Value of a Share on the date of grant, except as otherwise provided in 4(b), and the Exercise
Price of an NSO shall not be less than 100% of the Fair Market Value of a Share on the date of grant. Notwithstanding the foregoing, Options may be granted with an Exercise Price of less than 100% of the Fair Market Value per Share on the date of
grant pursuant to a transaction described in, and in a manner consistent with, Section 424(a) of the Code. Subject to the foregoing in this Section 7(c), the Exercise Price under any Option shall be determined by the Committee in its sole
discretion. The Exercise Price shall be payable in one of the forms described in Section 8. 
 (d) Withholding Taxes. As
a condition to the exercise of an Option, the Participant shall make such arrangements as the Committee may require for the satisfaction of any federal, state, local or non-U.S. withholding tax obligations
that may arise in connection with such exercise. The Participant shall also make such arrangements as the Committee may require for the satisfaction of any federal, state, local or non-U.S. withholding tax
obligations that may arise in connection with the disposition of Shares acquired by exercising an Option. 
 (e) Exercisability
and Term. Each Stock Option Award Agreement shall specify the date when all or any installment of the Option is to become exercisable. The Stock Option Award Agreement shall also specify the term of the Option; provided that the term of an ISO
shall in no event exceed 10 years from the date of grant (five years for ISOs granted to Employees described in Section 4(b)). A Stock Option Award Agreement may provide for accelerated exercisability in the event of the Participant’s
death, Disability, or retirement or other events and may provide for expiration prior to the end of its term in the event of the termination of the Participant’s Service. Options may be awarded in combination with SARs, and such an Award may
provide that the Options will not be exercisable unless the related SARs are forfeited. Subject to the foregoing in this Section 7(e), the Committee in its sole discretion shall determine when all or any installment of an Option is to become
exercisable and when an Option is to expire. 
 (f) Exercise of Options. Each Stock Option Award Agreement shall set forth the
extent to which the Participant shall have the right to exercise the Option following termination of the Participant’s Service with the Company and its Subsidiaries, and the right to exercise the Option of any executors or administrators of the
Participant’s estate or any person who has acquired such Option(s) directly from the Participant by bequest or inheritance. Such provisions shall be determined in the sole discretion of the Committee, need not be uniform among all Options
issued pursuant to the Plan, and may reflect distinctions based on the reasons for termination of Service. 

  
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 (g) Effect of Change in Control. The Committee may determine, at the time of
granting an Option or thereafter, that such Option shall become exercisable as to all or part of the Shares subject to such Option in the event that a Change in Control occurs with respect to the Company. 

(h) No Rights as a Stockholder. A Participant shall have no rights as a stockholder with respect to any Shares covered by his
Option until the date of the issuance of a stock certificate for such Shares. No adjustments shall be made, except as provided in Section 12. 

(i) Modification, Extension and Renewal of Options. Within the limitations of the Plan, the Committee may modify,
extend or renew outstanding Options or may accept the cancellation of outstanding Options (to the extent not previously exercised), whether or not granted hereunder, in return for the grant of new Options for the same or a different number of Shares
and at the same or a different Exercise Price, or in return for the grant of a different Award for the same or a different number of Shares, without stockholder approval. The foregoing notwithstanding, no modification of an Option shall, without the
consent of the Participant, materially impair his or her rights or obligations under such Option. 
 (j) Restrictions on Transfer
of Shares. Any Shares issued upon exercise of an Option shall be subject to such special forfeiture conditions, rights of repurchase, rights of first refusal and other transfer restrictions as the Committee may determine. Such restrictions shall
be set forth in the applicable Stock Option Award Agreement and shall apply in addition to any general restrictions that may apply to all holders of Shares. 

(k) Buyout Provisions. Except with respect to an Option whose Exercise Price exceeds the Fair Market Value of the Shares subject
to the Option, the Committee may at any time (i) offer to buy out for a payment in cash or cash equivalents an Option previously granted or (ii) authorize a Participant to elect to cash out an Option previously granted, in either case at
such time and based upon such terms and conditions as the Committee shall establish. 
 SECTION 8. PAYMENT FOR SHARES. 

(a) General Rule. The entire Exercise Price or Purchase Price of Shares issued under the Plan shall be payable in lawful money of
the United States of America at the time when such Shares are purchased, except as provided in Section 8(b) through Section 8(h) below. 

(b) Surrender of Stock. To the extent that a Stock Option Award Agreement so provides, payment may be made all or in part by
surrendering, or attesting to the ownership of, Shares which have already been owned by the Participant or his or her representative. Such Shares shall be valued at their Fair Market Value on the date when the new Shares are purchased under the
Plan. The Participant shall not surrender, or attest to the ownership of, Shares in payment of the Exercise Price if such action would cause the Company to recognize compensation expense (or additional compensation expense) with respect to the
Option for financial reporting purposes. 

  
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 (c) Services Rendered. At the discretion of the Committee, Shares may be
awarded under the Plan in consideration of services rendered to the Company or a Subsidiary. If Shares are awarded without the payment of a Purchase Price in cash, the Committee shall make a determination (at the time of the Award) of the value of
the services rendered by the Participant and the sufficiency of the consideration to meet the requirements of Section 6(b). 

(d) Cashless Exercise. To the extent that a Stock Option Award Agreement so provides, payment may be made all or in part by
delivery (on a form prescribed by the Committee) of an irrevocable direction to a securities broker to sell Shares and to deliver all or part of the sale proceeds to the Company in payment of the aggregate Exercise Price. 

(e) Exercise/Pledge. To the extent that a Stock Option Award Agreement so provides, payment may be made all or in part by
delivery (on a form prescribed by the Committee) of an irrevocable direction to a securities broker or lender to pledge Shares, as security for a loan, and to deliver all or part of the loan proceeds to the Company in payment of the aggregate
Exercise Price. 
 (f) Net Exercise. To the extent that a Stock Option Award Agreement so provides, payment may be made by a
“net exercise” arrangement pursuant to which the number of Shares issuable upon exercise of the Option shall be reduced by the largest whole number of Shares having an aggregate Fair Market Value that does not exceed the aggregate Exercise
Price (plus tax withholdings, if applicable) and any remaining balance of the aggregate Exercise Price (and/or applicable tax withholdings) not satisfied by such reduction in the number of whole Shares to be issued shall be paid by the Participant
in cash or any other form of payment permitted under the Stock Option Agreement. 
 (g) Promissory Note. To the extent that a
Stock Option Award Agreement or Restricted Share Award Agreement so provides, payment may be made all or in part by delivering (on a form prescribed by the Company) a full-recourse promissory note. 

(h) Other Forms of Payment. To the extent that a Stock Option Award Agreement or Restricted Share Award Agreement so provides,
payment may be made in any other form that is consistent with applicable laws, regulations and rules. 
 (i)
Limitations under Applicable Law. Notwithstanding anything herein or in a Stock Option Award Agreement or Restricted Share Award Agreement to the contrary, payment may not be made in any form that is unlawful, as determined by the Committee
in its sole discretion. 
 SECTION 9. STOCK APPRECIATION RIGHTS. 

(a) SAR Award Agreement. Each grant of a SAR under the Plan shall be evidenced by a SAR Award Agreement between the Participant
and the Company. Such SAR shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The provisions of the various SAR Award Agreements entered into under the Plan need not be
identical. 

  
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 (b) Number of Shares. Each SAR Award Agreement shall specify the number of
Shares to which the SAR pertains and shall provide for the adjustment of such number in accordance with Section 12. 
 (c)
Exercise Price. Each SAR Award Agreement shall specify the Exercise Price. The Exercise Price of a SAR shall not be less than 100% of the Fair Market Value of a Share on the date of grant. Notwithstanding the foregoing, SARs may be granted
with an Exercise Price of less than 100% of the Fair Market Value per Share on the date of grant pursuant to a transaction described in, and in a manner consistent with, Section 424(a) of the Code. Subject to the foregoing in this
Section 9(c), the Exercise Price under any SAR shall be determined by the Committee in its sole discretion. 
 (d)
Exercisability and Term. Each SAR Award Agreement shall specify the date when all or any installment of the SAR is to become exercisable. The SAR Award Agreement shall also specify the term of the SAR. A SAR Award Agreement may provide for
accelerated exercisability in the event of the Participant’s death, Disability or retirement or other events and may provide for expiration prior to the end of its term in the event of the termination of the Participant’s Service. SARs may
be awarded in combination with Options, and such an Award may provide that the SARs will not be exercisable unless the related Options are forfeited. A SAR may be included in an ISO only at the time of grant but may be included in an NSO at the time
of grant or thereafter. A SAR granted under the Plan may provide that it will be exercisable only in the event of a Change in Control. 

(e) Effect of Change in Control. The Committee may determine, at the time of granting a SAR or thereafter, that such SAR shall
become fully exercisable as to all Common Shares subject to such SAR in the event that a Change in Control occurs with respect to the Company. 

(f) Exercise of SARs. Upon exercise of a SAR, the Participant (or any person having the right to exercise the SAR after his or
her death) shall receive from the Company (i) Shares, (ii) cash or (iii) a combination of Shares and cash, as the Committee shall determine. The amount of cash and/or the Fair Market Value of Shares received upon exercise of a SAR shall,
in the aggregate, be equal to the amount by which the Fair Market Value (on the date of surrender) of the Shares subject to the SAR exceeds the Exercise Price. 

(g) Modification, Extension or Assumption of SARs. Within the limitations of the Plan, the Committee may modify, extend or
assume outstanding SARs or may accept the cancellation of outstanding SARs (whether granted by the Company or by another issuer) in return for the grant of new SARs for the same or a different number of Shares and at the same or a different Exercise
Price, or in return for the grant of a different Award for the same or a different number of Shares, without stockholder approval. The foregoing notwithstanding, no modification of a SAR shall, without the consent of the holder, materially impair
his or her rights or obligations under such SAR. 
 (h) Buyout Provisions. Except with respect to a SAR whose Exercise Price
exceeds the Fair Market Value of the Shares subject to the SAR, the Committee may at any time (i) offer to buy out for a payment in cash or cash equivalents a SAR previously granted, or (ii) authorize a Participant to elect to cash out a
SAR previously granted, in either case at such time and based upon such terms and conditions as the Committee shall establish. 

  
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 SECTION 10. STOCK UNITS. 

(a) Stock Unit Award Agreement. Each grant of Stock Units under the Plan shall be evidenced by a Stock Unit Award Agreement
between the Participant and the Company. Such Stock Units shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The provisions of the various Stock Unit Award Agreements
entered into under the Plan need not be identical. 
 (b) Payment for Awards. To the extent that an Award is granted in the
form of Stock Units, no cash consideration shall be required of the Award recipients. 
 (c) Vesting Conditions. Each Award of
Stock Units may or may not be subject to vesting. Vesting shall occur, in full or in installments, upon satisfaction of the conditions specified in the Stock Unit Award Agreement. A Stock Unit Award Agreement may provide for accelerated vesting in
the event of the Participant’s death, Disability or retirement or other events. The Committee may determine, at the time of granting Stock Units or thereafter, that all or part of such Stock Units shall become vested in the event that a Change
in Control occurs with respect to the Company. 
 (d) Voting and Dividend Rights. The holders of Stock Units
shall have no voting rights. Prior to settlement or forfeiture, any Stock Unit awarded under the Plan may, at the Committee’s discretion, carry with it a right to dividend equivalents. Such right entitles the holder to be credited with an
amount equal to all cash dividends paid on one Share while the Stock Unit is outstanding. Dividend equivalents may be converted into additional Stock Units. Settlement of dividend equivalents may be made in the form of cash, in the form of Shares,
or in a combination of both. Prior to distribution, any dividend equivalents which are not paid shall be subject to the same conditions and restrictions (including without limitation, any forfeiture conditions) as the Stock Units to which they
attach. 
 (e) Form and Time of Settlement of Stock Units. Settlement of vested Stock Units may be made in the form of
(i) cash, (ii) Shares or (iii) any combination of both, as determined by the Committee. The actual number of Stock Units eligible for settlement may be larger or smaller than the number included in the original Award, based on
predetermined performance factors. Methods of converting Stock Units into cash may include (without limitation) a method based on the average Fair Market Value of Shares over a series of trading days. A Stock Unit Award Agreement may provide that
vested Stock Units may be settled in a lump sum or in installments. A Stock Unit Award Agreement may provide that the distribution may occur or commence when all vesting conditions applicable to the Stock Units have been satisfied or have lapsed, or
it may be deferred to any later date, subject to compliance with Section 409A. The amount of a deferred distribution may be increased by an interest factor or by dividend equivalents. Until an Award of Stock Units is settled, the number of such
Stock Units shall be subject to adjustment pursuant to Section 12. 

  
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 (f) Death of Participant. Any Stock Unit Award that becomes payable after the
Participant’s death shall be distributed to the Participant’s beneficiary or beneficiaries. Each recipient of a Stock Unit Award under the Plan shall designate one or more beneficiaries for this purpose by filing the prescribed form with
the Company. A beneficiary designation may be changed by filing the prescribed form with the Company at any time before the Participant’s death. If no beneficiary was designated or if no designated beneficiary survives the Participant, then any
Stock Units Award that becomes payable after the Participant’s death shall be distributed to the Participant’s estate. 

(g) Creditors’ Rights. A holder of Stock Units shall have no rights other than those of a general creditor of
the Company. Stock Units represent an unfunded and unsecured obligation of the Company, subject to the terms and conditions of the applicable Stock Unit Award Agreement. 

SECTION 11. CASH-BASED AWARDS. 
 The
Committee may, in its sole discretion, grant Cash-Based Awards to any Participant in such number or amount and upon such terms, and subject to such conditions, as the Committee shall determine at the time of grant and specify in an applicable Award
Agreement. The Committee shall determine the maximum duration of the Cash-Based Award, the amount of cash which may be payable pursuant to the Cash-Based Award, the conditions upon which the Cash-Based Award shall become vested or payable, and such
other provisions as the Committee shall determine. Each Cash-Based Award shall specify a cash-denominated payment amount, formula or payment ranges as determined by the Committee. Payment, if any, with respect to a Cash-Based Award shall be made in
accordance with the terms of the Award and may be made in cash or in Shares, as the Committee determines. 
 SECTION 12. ADJUSTMENT OF SHARES. 

(a) Adjustments. In the event of a subdivision of the outstanding Stock, a declaration of a dividend payable in Shares, a
declaration of a dividend payable in a form other than Shares in an amount that has a material effect on the price of Shares, a combination or consolidation of the outstanding Stock (by reclassification or otherwise) into a lesser number of Shares,
a recapitalization, a spin-off or a similar occurrence, the Committee shall make appropriate and equitable adjustments in: 
  

	 	(i)	 The number of Shares available for future Awards under Section 5; 



 

	 	(ii)	 The limitations set forth in Sections 5(a); 



 

	 	(iii)	 The number of Shares covered by each outstanding Award; and 



 

	 	(iv)	 The Exercise Price under each outstanding Option and SAR and any Purchase Price for other outstanding Awards.



 (b) Dissolution or Liquidation. To the extent not previously exercised or settled, Options, SARs and
Stock Units shall terminate immediately prior to the dissolution or liquidation of the Company. 

  
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 (c) Reorganizations. In the event that the Company is a party to a merger or
other reorganization, outstanding Awards shall be subject to the agreement of merger or reorganization. Subject to compliance with Section 409A, such agreement shall provide for: 

 

	 	(i)	 The continuation of the outstanding Awards by the Company, if the Company is a surviving corporation;



  

	 	(ii)	 The assumption of the outstanding Awards by the surviving corporation or its parent or subsidiary;



  

	 	(iii)	 The substitution by the surviving corporation or its parent or subsidiary of its own awards for the outstanding
Awards; 


  

	 	(iv)	 Immediate vesting, exercisability or settlement of outstanding Awards followed by the cancellation of such
Awards upon or immediately prior to the effectiveness of such transaction; or 


  

	 	(v)	 Settlement of the intrinsic value of the outstanding Awards (whether or not then vested or exercisable) in cash
or cash equivalents or equity (including cash or equity subject to deferred vesting and delivery consistent with the vesting restrictions applicable to such Awards or the underlying Shares) followed by the cancellation of such Awards (and, for the
avoidance of doubt, if as of the date of the occurrence of the transaction the Committee determines in good faith that no amount would have been attained upon the exercise of such Award or realization of the Participant’s rights, then such
Award may be terminated by the Company without payment); in each case without the Participant’s consent. Any acceleration of payment of an amount that is subject to Section 409A will be delayed, if necessary, until the earliest time that
such payment would be permissible under Section 409A without triggering any additional taxes applicable under Section 409A. 



The Company will have no obligation to treat all Awards, all Awards held by a Participant, or all Awards of the same type, similarly. 

(d) Reservation of Rights. Except as provided in this Section 12, a Participant shall have no rights by reason of any
subdivision or consolidation of shares of stock of any class, the payment of any dividend or any other increase or decrease in the number of shares of stock of any class. Any issue by the Company of shares of stock of any class or securities
convertible into shares of stock of any class shall not affect, and no adjustment by reason thereof shall be made with respect to, the number or Exercise Price or Purchase Price of Shares subject to an Award. The grant of an Award pursuant to the
Plan shall not affect in any way the right or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure, to merge or consolidate or to dissolve, liquidate, sell or transfer all or
any part of its business or assets. 

  
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 SECTION 13. DEFERRAL OF AWARDS. 

(a) Committee Powers. Subject to compliance with Section 409A, the Committee (in its sole discretion) may permit or require
a Participant to: 
  

	 	(i)	 Have cash that otherwise would be paid to such Participant as a result of the exercise of a SAR or the
settlement of Stock Units credited to a deferred compensation account established for such Participant by the Committee as an entry on the Company’s books; 



 

	 	(ii)	 Have Shares that otherwise would be delivered to such Participant as a result of the exercise of an Option or
SAR converted into an equal number of Stock Units; or 


  

	 	(iii)	 Have Shares that otherwise would be delivered to such Participant as a result of the exercise of an Option or
SAR or the settlement of Stock Units converted into amounts credited to a deferred compensation account established for such Participant by the Committee as an entry on the Company’s books. Such amounts shall be determined by reference to the
Fair Market Value of such Shares as of the date when they otherwise would have been delivered to such Participant. 



(b) General Rules. A deferred compensation account established under this Section 13 may be credited with interest or other
forms of investment return, as determined by the Committee. A Participant for whom such an account is established shall have no rights other than those of a general creditor of the Company. Such an account shall represent an unfunded and unsecured
obligation of the Company and shall be subject to the terms and conditions of the applicable agreement between such Participant and the Company. If the deferral or conversion of Awards is permitted or required, the Committee (in its sole discretion)
may establish rules, procedures and forms pertaining to such Awards, including (without limitation) the settlement of deferred compensation accounts established under this Section 13. 

SECTION 14. AWARDS UNDER OTHER PLANS. 

The Company may grant awards under other plans or programs. Such awards may be settled in the form of Shares issued under the Plan. Such Shares
shall be treated for all purposes under the Plan like Shares issued in settlement of Stock Units and shall, when issued, reduce the number of Shares available under Section 5. 

SECTION 15. LEGAL AND REGULATORY REQUIREMENTS. 

Shares shall not be issued under the Plan unless the issuance and delivery of such Shares complies with (or is exempt from) all applicable
requirements of law, including (without limitation) the United States Securities Act of 1933, as amended, the rules and regulations promulgated thereunder, state securities laws and regulations and the regulations of any stock exchange on which the
Company’s securities may then be listed, and the Company has obtained the approval or favorable ruling from any governmental agency which the Company determines is necessary or advisable. The Company shall not be liable to a Participant or
other persons as 

  
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to: (a) the non-issuance or sale of Shares as to which the Company has not obtained from any regulatory body having jurisdiction the authority deemed
by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares under the Plan; and (b) any tax consequences expected, but not realized, by any Participant or other person due to the receipt, exercise or settlement
of any Award granted under the Plan. 
 SECTION 16. TAXES. 

(a) Withholding Taxes. To the extent required by applicable federal, state, local or
non-U.S. law, a Participant or his or her successor shall make arrangements satisfactory to the Company for the satisfaction of any withholding tax obligations that arise in connection with the Plan. The
Company shall not be required to issue any Shares or make any cash payment under the Plan until such obligations are satisfied. 

(b) Share Withholding. The Committee may permit a Participant to satisfy all or part of his or her withholding or income tax
obligations by having the Company withhold all or a portion of any Shares that otherwise would be issued to him or her or by surrendering all or a portion of any Shares that he or she previously acquired. Such Shares shall be valued at their Fair
Market Value on the date when taxes otherwise would be withheld in cash. In no event may a Participant have Shares withheld that would otherwise be issued to him or her in excess of the number necessary to satisfy the maximum legally required tax
withholding. 
 (c) Section 409A. Each Award that provides for “nonqualified deferred compensation” within the
meaning of Section 409A shall be subject to such additional rules and requirements as specified by the Committee from time to time in order to comply with Section 409A. If any amount under such an Award is payable upon a “separation
from service” (within the meaning of Section 409A) to a Participant who is then considered a “specified employee” (within the meaning of Section 409A), then no such payment shall be made prior to the date that is the earlier
of (i) six months and one day after the Participant’s separation from service, or (ii) the Participant’s death, but only to the extent such delay is necessary to prevent such payment from being subject to interest, penalties
and/or additional tax imposed pursuant to Section 409A. In addition, the settlement of any such Award may not be accelerated except to the extent permitted by Section 409A. 

SECTION 17. LIMITATION ON PARACHUTE PAYMENTS. 

(a) Scope of Limitation. This Section 17 shall apply to an Award only if the independent auditors most recently selected by
the Board or such other independent advisor or consultant selected by the Board or the Committee (the “Advisor”) determine that the after-tax value of such Award to the Participant, taking into
account the effect of all federal, state and local income taxes, employment taxes and excise taxes applicable to the Participant (including the excise tax under Section 4999 of the Code) would be greater after the application of this
Section 17 than it was before application of this Section 17. 
 (b) Basic Rule. In the event that the Advisor
determines that any payment or transfer by the Company under the Plan to or for the benefit of a Participant (a “Payment”) would be nondeductible by the Company for federal income tax purposes because of the provisions


  
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concerning “excess parachute payments” in Section 280G of the Code, then the aggregate present value of all Payments shall be reduced (but not below zero) to the Reduced Amount.
For purposes of this Section 17, the “Reduced Amount” shall be the amount, expressed as a present value, which maximizes the aggregate present value of the Payments without causing any Payment to be nondeductible by the Company
because of Section 280G of the Code. 
 (c) Reduction of Payments. If the Advisor determines that any Payment would be
nondeductible by the Company because of Section 280G of the Code, then the Company shall promptly give the Participant notice to that effect and a copy of the detailed calculation thereof and of the Reduced Amount, and the Participant may then
elect, in his or her sole discretion, which and how much of the Payments shall be eliminated or reduced (as long as after such election the aggregate present value of the Payments equals the Reduced Amount) and shall advise the Company in writing of
his or her election within 10 days of receipt of notice. If no such election is made by the Participant within such 10-day period, then the Company may elect which and how much of the Payments shall be
eliminated or reduced (as long as after such election the aggregate present value of the Payments equals the Reduced Amount) and shall notify the Participant promptly of such election. For purposes of this Section 17, present value shall be
determined in accordance with Section 280G(d)(4) of the Code. All determinations made by the Advisor under this Section 17 shall be binding upon the Company and the Participant and shall be made within 60 days of the date when a Payment
becomes payable or transferable. As promptly as practicable following such determination and the elections hereunder, the Company shall pay or transfer to or for the benefit of the Participant such amounts as are then due to him or her under the
Plan and shall promptly pay or transfer to or for the benefit of the Participant in the future such amounts as become due to him or her under the Plan. 

(d) Related Corporations. For purposes of this Section 17, the term “Company” shall include affiliated
corporations to the extent determined by the Advisor in accordance with Section 280G(d)(5) of the Code. 
 SECTION 18. TRANSFERABILITY. 

Unless the agreement evidencing an Award (or an amendment thereto authorized by the Committee) expressly provides otherwise, no Award granted
under the Plan, nor any interest in such Award, may be sold, assigned, conveyed, gifted, pledged, hypothecated or otherwise transferred in any manner (prior to the vesting and lapse of any and all restrictions applicable to Shares issued under such
Award), other than by will or the laws of descent and distribution; provided, however, that an ISO may be transferred or assigned only to the extent consistent with Section 422 of the Code. Any purported assignment, transfer or encumbrance in
violation of this Section 18 shall be void and unenforceable against the Company. 
 SECTION 19. PERFORMANCE BASED AWARDS. 

The number of Shares, amount of cash or other benefits granted, issued, retainable and/or vested under an Award may be made subject to the
attainment of performance goals. The Committee may utilize any performance criteria selected by it in its sole discretion to establish performance goals. 

  
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 SECTION 20. NO EMPLOYMENT RIGHTS. 

No provision of the Plan, nor any Award granted under the Plan, shall be construed to give any person any right to become, to be treated as, or
to remain an Employee or Consultant. The Company and its Subsidiaries reserve the right to terminate any person’s Service at any time and for any reason, with or without notice. 

SECTION 21. DURATION AND AMENDMENTS. 

(a) Term of the Plan. The Plan, as set forth herein, shall come into existence on the date of its adoption by the Board of
Directors; provided, however, that no Award may be granted hereunder prior to the Effective Date. The Board of Directors may suspend or terminate the Plan at any time. No ISOs may be granted after the tenth anniversary of the earlier of (i) the
date the Plan is adopted by the Board of Directors, or (ii) the date the Plan is approved by the stockholders of the Company. 

(b) Right to Amend the Plan. The Board of Directors may amend the Plan at any time and from time to time. Rights and obligations
under any Award granted before amendment of the Plan shall not be materially impaired by such amendment, except with the consent of the Participant. An amendment of the Plan shall be subject to the approval of the Company’s stockholders only to
the extent required by applicable laws, regulations or rules. 
 (c) Effect of Termination. No Awards shall be granted under
the Plan after the termination thereof. The termination of the Plan shall not affect Awards previously granted under the Plan. 
 SECTION 22. AWARDS TO NON-U.S. PARTICIPANTS. 
 Awards may be granted to Participants who are
non-United States nationals or employed or providing services outside the United States, or both, on such terms and conditions different from those applicable to Awards to Participants who are employed or
providing services in the United States as may, in the judgment of the Committee, be necessary or desirable to recognize differences in local law, currency or tax policy or custom. The Committee also may impose conditions on the exercise, vesting or
settlement of Awards in order to minimize the Company’s obligation with respect to tax equalization for Participants on assignments outside their home country. 

SECTION 23. CANCELLATION OR CLAWBACK OF AWARDS. 

The Committee shall have full authority to implement any policies and procedures necessary to comply with Section 10D of the Exchange Act
and any other regulatory regimes, to the extent applicable. Notwithstanding anything to the contrary contained herein, any Awards granted under the Plan (including any amounts or benefits arising from such Awards) shall be subject to any clawback or
recoupment arrangements or policies the Company has in place from time to time, pursuant to which the Committee may, to the extent permitted by applicable law and stock exchange rules or the applicable Company arrangement or policy, and shall, to
the extent required thereunder, cancel or require reimbursement of any Awards granted to a Participant or any Shares issued or cash received upon vesting, exercise or settlement of any such Awards or sale of Shares underlying such Awards. 

  
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 SECTION 24. GOVERNING LAW. 

The Plan and each Award Agreement and all disputes or controversies arising out of or relating to thereto shall be governed by, and construed
in accordance with, the internal laws of Delaware as to matters within the scope thereof, and as to all other matters, the internal laws of Delaware, without regard to the laws of any other jurisdiction that might be applied because of the conflicts
of laws principles of any state. 
 SECTION 25. SUCCESSORS AND ASSIGNS. 

The terms of the Plan shall be binding upon and inure to the benefit of the Company and any successor entity, including any successor entity
contemplated by Section 12(c). 
 SECTION 26. EXECUTION. 

To record the adoption of the Plan by the Board of Directors, the Company has caused its authorized officer to execute the same. 

 

			
	CONCENTRIX CORPORATION
		
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