EX-10.5





 Exhibit 10.5 

CBRE GROUP, INC. 

2017 EQUITY INCENTIVE PLAN 

RESTRICTED STOCK UNITS 

GRANT NOTICE 

CBRE Group, Inc. (the “Company”), pursuant to its 2017 Equity Incentive Plan (the “Plan”), hereby grants to
the “Participant” identified below an award (the “Award”) of that number of Restricted Stock Units set forth below (the “Units”). In general, each Unit is the right to receive one (1) share of
the Company’s Class A Common Stock (the “Shares”) at the time such Unit vests. This Award is subject to all of the terms and conditions set forth herein and in the Restricted Stock Unit Agreement (the
“Agreement”) and the Plan (collectively, the “Award Documents”), both of which are attached hereto and incorporated herein in their entirety. 

 

			
	Grant Date:	  	[_____]
		
	Vesting Commencement Date:	  	[_____]
		
	Target Number of Units Subject to Award (“Target Award”):	  	See “Number Available to Accept” field on Merrill Lynch’s “award acceptance” page (as available upon your acceptance of the terms of this Agreement).
		
	Maximum Number of Units Subject to Award (“Maximum Award”):	  	[_____]% of Target Award
		
	Actual Award:	  	 The actual number of Units subject to the Award (the “Actual Award”) will be determined by the Compensation Committee of the
Company’s Board of Directors (the “Compensation Committee”) based on Adjusted EPS (as defined below) measured on a cumulative basis (the “Cumulative Adjusted EPS”) for fiscal years [_____] (the
“Performance Period”), as follows:
  

(i) if the Cumulative Adjusted EPS is less than $[_____], the Actual Award will be zero;

 
 (ii)  if the Cumulative Adjusted EPS
is $[_____], the Actual Award will be equal to [_____]% of the Target Award;
  

(iii)  if the Cumulative Adjusted EPS is more than $[_____] but less than $[_____], the Actual Award will
be equal to an amount linearly interpolated between [_____]% of the Target Award and the Target Award;
  

(iv) if the Cumulative Adjusted EPS is $[_____], the Actual Award will be equal to the Target Award;

 
 (v)   if the Cumulative
Adjusted EPS is more than $[_____] but less than $[_____], the Actual Award will be equal to an amount linearly interpolated between the Target Award and the Maximum Award; and
  

(vi) if the Cumulative Adjusted EPS is $[_____] or more, the Actual Award will be equal to the Maximum
Award.



  
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		  	 Such determination will be made by the Compensation Committee following the end of the Performance Period, but by no later than the third
(3rd) anniversary of the Vesting Commencement Date. If the Cumulative Adjusted EPS is less than $[_____], the Award will terminate on the date of such determination and Participant will have no further right, title or interest in or to the Award or
the Units or underlying Shares subject to the Award. The Company and Participant acknowledge that each of the EPS thresholds set forth above may be equitably adjusted by the Compensation Committee for any of the adjustments factors set forth in
Section 2(oo)(ii) of the Plan and as otherwise determined by the Compensation Committee in its reasonable discretion to be necessary to prevent enlargement or diminution of the benefits or potential benefits intended to be provided pursuant to
the Award.
  
 For purposes of the Award, Adjusted EPS is defined as the Company’s
earnings per share, as equitably adjusted by the Compensation Committee for any of the adjustments factors set forth in Section 2(oo)(ii) of the Plan and as otherwise determined by the Compensation Committee in its reasonable discretion to be
necessary to prevent enlargement or diminution of the benefits or potential benefits intended to be provided pursuant to the Award.

		
	Vesting Schedule:	  	Subject to Section 4 of the Agreement, one hundred percent (100%) of the Units subject to the Actual Award shall vest on the third (3rd) anniversary of the Vesting Commencement Date.
		
	Consideration:	  	No payment is required for the Shares, although payment may be required for the amount of any withholding taxes due as a result of the delivery of the Shares as described in greater detail in the Agreement.

 Additional Terms/Acknowledgements: The undersigned Participant acknowledges receipt of the Award Documents and the
Plan’s Prospectus, and understands and agrees to the terms set forth in the Award Documents. Participant acknowledges that he or she is accepting the Award by electronic means and that such electronic acceptance constitutes Participant’s
agreement to be bound by all of the terms and conditions of the Award Documents. By accepting the Award, Participant consents to receive any documents related to participation in the Plan and the Award













 
by electronic delivery and to participate in the Plan through an on-line or electronic system established and maintained by the Company or another third
party designated by the Company. Participant also acknowledges that this Grant Notice must be returned to the Company (including through electronic means). Participant further acknowledges that as of the Grant Date, the Award Documents set forth the
entire understanding between Participant and the Company regarding the acquisition of Units and Shares and supersede all prior oral and written agreements on that subject with the exception of (i) Awards previously granted and delivered to
Participant under the Plan, and (ii) the following agreements only, if any: 
  

			
	            OTHER AGREEMENTS:	  	                                      
                                         
                                         
                    
		  	                                      
                                         
                                         
                    

 ATTACHMENTS: 
  

	I.	 Restricted Stock Unit Agreement 



	II.	 CBRE Group, Inc. 2017 Equity Incentive Plan 














 CBRE GROUP, INC. 

2017 EQUITY INCENTIVE PLAN 

RESTRICTED STOCK UNIT AGREEMENT 

Pursuant to the provisions of the Company’s 2017 Equity Incentive Plan (“Plan”), the terms of the Grant Notice to which
this Restricted Stock Unit Agreement is attached (“Grant Notice”) and this Restricted Stock Unit Agreement (the “Agreement”), CBRE Group, Inc. (the “Company”) grants you that number of Restricted
Stock Units (the “Units”) as set forth in the Grant Notice as of the date specified in the Grant Notice (“Grant Date”). Defined terms not explicitly defined in this Agreement or in the Grant Notice but defined in
the Plan shall have the same definitions as in the Plan. 
 The details of your Award are as follows: 

1. THE AWARD. The Company hereby awards to you the aggregate number of Units specified in your
Grant Notice. Each Unit is the right to receive one (1) share of the Company’s Class A Common Stock (the “Shares”) on the Vesting Date (as defined below). The Units and the Shares are awarded to you in consideration
for your continued service to the Company or its Subsidiaries and Affiliates (the “Company Group”). 
 2.
DOCUMENTATION. As a condition to the award of the Units, you agree to execute the Grant Notice and to deliver the same to the Company (including through electronic means), along with such additional
documents as the Committee may require, within the time period prescribed by the Company or else this Award shall be forfeited without consideration. The Company may, in its sole discretion, decide to deliver any documents related to participation
in the Plan and the Award by electronic means or request your consent to participate in the Plan by electronic means. By accepting the Award, you consent to receive such documents by electronic delivery and agree to participate in the Plan through
any on-line or electronic system established and maintained by the Company or another third party designated by the Company. 

3. CONSIDERATION FOR THE AWARD. No cash payment is required for the
Units or the Shares, although you may be required to tender payment in cash or other acceptable form of consideration for the amount of any withholding taxes due as a result of delivery of the Shares. 

4. VESTING. Except as otherwise specified in this Agreement and the Plan, the Units will vest as provided in the
Grant Notice (the “Vesting Date”). Any Units which have not vested as of the date of your termination of Continuous Service shall thereupon be forfeited immediately and without any further action by the Company, except as otherwise
directed by the Committee; provided, that: 
 (a) If, after the Vesting Commencement Date, your Continuous Service terminates
due to your death or Disability, the following number of unvested Units will continue to vest as provided in the Grant Notice: 
 (i)
If such termination occurs within twelve (12) months following the Vesting Commencement Date, the number of unvested Units that will continue to vest as provided in the Grant Notice will be equal to (x) the number of days that have elapsed
from the Vesting Commencement Date through the date of your termination of Continuous Service divided by three hundred sixty-five (365), multiplied by (y) the number of Units subject to your Actual Award, rounded down to the nearest whole Unit;
or 

  
 Grant Date:
[                    ] 
 1 













 (ii) If such termination occurs more than twelve (12) months following the
Vesting Commencement Date, the number of unvested Units that will continue to vest as provided in the Grant Notice will be equal to all of the unvested Units subject to your Actual Award. 

(b) If, after the Vesting Commencement Date, your Continuous Service terminates due to your Retirement (as defined below), and
(x) after such termination through the applicable Vesting Date you have at all times satisfied certain noncompetition, nonsolicitation and confidentiality conditions imposed by the Company (in its sole discretion) upon or promptly following
such termination and (y) you provide the Company with a certification (in a form acceptable to the Company) that you have satisfied all such conditions during such period, the following number of unvested Units will continue to vest as provided
in the Grant Notice: 
 (i) If such termination occurs on or following December 31 of the calendar year in which the Vesting
Commencement Date occurs, the number of unvested Units that will continue to vest as provided in the Grant Notice will be equal to the number of unvested Units subject to your Actual Award; or 

(ii) If such termination occurs prior to December 31 of the calendar year in which the Vesting Commencement Date occurs, any
Units which have not vested as of the date of such termination shall thereupon be forfeited immediately and without any further action by the Company, except as otherwise directed by the Committee. 

(c) For purposes of this Award: “Retirement” means your voluntary termination following your attainment of age
fifty-eight (58). If you are eligible to qualify for Retirement under this subsection, you must provide evidence to that effect to the Company (in a form acceptable to the Company) on or before your termination date. 

With respect to the vesting of this Award, the provisions of this Section 4 shall apply and supersede the terms of
any other plan, program or arrangement maintained by the Company or the Company Group or any other agreement between you and the Company or the Company Group. 

5. NUMBER OF SHARES AND PURCHASE
PRICE. The number of Shares subject to your Award may be adjusted from time to time pursuant to the provisions of Section 13 of the Plan. 

6. ISSUANCE AND CERTIFICATES. The Company will deliver
to you a number of Shares equal to the number of vested Units subject to your Award, including any additional Units received pursuant to Section 5 above that relate to such vested Units, as soon as reasonably practicable
after the applicable Vesting Date, but in no event later than December 31 of the calendar year in which the applicable Vesting Date occurs. However, if a scheduled delivery date falls on a date that is not a business day, such delivery date
shall instead fall on the next business day. Notwithstanding the foregoing, in the event that (i) you are subject to the Company’s policy permitting officers and directors to sell Shares only during certain “window


  
 Grant Date:
[                    ] 
 2 













 
periods,” as in effect from time to time (the “Policy”), or you are otherwise prohibited from selling Shares in the open market, and any Shares subject to your Award are
scheduled to be delivered on a day (the “Original Distribution Date”) that does not occur during an open “window period” applicable to you or a day on which you are permitted to sell Shares pursuant to a written plan that
meets the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as determined by the Company in accordance with the Policy, or does not occur on a
date when you are otherwise permitted to sell Shares in the open market, and (ii) the Company elects not to satisfy its tax withholding obligations by withholding Shares from your distribution, then such Shares shall not be delivered on such
Original Distribution Date and shall instead be delivered on the first business day of the next occurring open “window period” applicable to you pursuant to the Policy (regardless of whether you are still providing Continuous Service at
such time) or the next business day when you are not prohibited from selling Shares in the open market, but in no event later than December 31 of the calendar year in which the applicable Vesting Date occurs. 

There are no certificates evidencing the Units. Certificates evidencing the Shares to be delivered pursuant to this Agreement may be issued by
the Company and registered in your name. 
 7. TRANSFER RESTRICTIONS. The Units are non-transferable. Shares that are received under your Award are subject to the transfer restrictions set forth in the Plan and any transfer restrictions that may be described in the Company’s bylaws or charter
or insider trading policies in effect at the time of the contemplated transfer. 
 8. NO RIGHTS
AS A STOCKHOLDER. A Unit (i) does not represent an equity interest in the Company, and (ii) carries no voting, dividend or dividend equivalent rights. You will
not have an equity interest in the Company or any of such shareholder rights, unless and until the Shares are delivered to you in accordance with this Agreement. 

9. SECURITIES LAWS. Upon the delivery of the Shares, you will make or enter into such written
representations, warranties and agreements as the Committee may reasonably request in order to comply with applicable securities laws or with this Agreement. Notwithstanding any other provision of the Plan or this Agreement to the contrary, unless
there is an available exemption from such registration, qualification or other legal requirements, Units may not be converted into Shares prior to the completion of any registration or qualification of the Units or the Shares that is required to
comply with applicable state and federal securities or any ruling or regulation of any governmental body or national securities exchange or compliance with any other applicable federal, state or foreign law that the Committee shall in its sole
discretion determine in good faith to be necessary or advisable. 
 10. LEGENDS ON
CERTIFICATES. The certificates representing the Shares delivered to you as contemplated by this Agreement shall be subject to such stop transfer orders and other restrictions as the Committee may deem
advisable under the Plan or the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange upon which such Shares are listed, and any applicable Federal or state laws, and the Committee may cause a
legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 

  
 Grant Date:
[                    ] 
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 11. AWARD NOT A SERVICE
CONTRACT AND NO ENTITLEMENT TO FUTURE GRANTS. Your Award is not an employment or service contract, and nothing
in your Award shall be deemed to create in any way whatsoever any obligation or right to continued employment or service with or to the Company Group. In addition, nothing in your Award shall obligate the Company, its stockholders, its Board or
employees to continue any relationship that you might have as a member of the Board, as an employee or as any other type of service provider for the Company. You acknowledge and agree that this Award was granted in the Committee’s discretion
and that neither the grant of this Award nor the issuance of any Shares pursuant to this Award creates any entitlement to or expectation of any future grant of Units or any future benefits in lieu of Units. 

12. TAX CONSEQUENCES. You are responsible for any taxes due in
connection with your receipt of this Award, including the vesting of such Award and delivery of Shares, and for declaring the Award to the relevant tax authority to which you are subject, if required. 

13. WITHHOLDING OBLIGATIONS. 

(a) At the time your Award is made, or at any time thereafter as requested by the Company, you hereby authorize the Company to satisfy
its withholding obligations, if any, from payroll and any other amounts payable to you (or, in the Company’s discretion, from Shares that become deliverable upon vesting under this Award), and otherwise agree to make adequate provision for any
sums required to satisfy the federal, state, local and foreign tax withholding obligations of the Company, if any, which arise in connection with the grant of or vesting of your Award or the delivery of Shares under the Award. Notwithstanding the
foregoing, if you are a Section 16 officer of the Company under the Exchange Act, the Company will satisfy its withholding obligations, if any, by withholding a number of Shares that become deliverable upon vesting under this Award. 

(b) Unless the tax withholding obligations of the Company, if any, are satisfied, the Company shall have no obligation to issue a
certificate for such Shares or release such Shares. 
 14. NOTICES. Any notices
provided for in your Award or the Plan shall be given in writing and shall be delivered by hand or sent by overnight courier, certified or registered mail, return receipt requested, postage prepaid, or electronic mail and shall be deemed effectively
given upon receipt or, in the case of notices delivered by the Company to you, five (5) days after deposit in the United States mail, postage prepaid, addressed to you at the last address you provided to the Company. 

15. MISCELLANEOUS. 

(a) You agree upon request to execute any further documents or instruments necessary or desirable in the sole determination of the
Committee to carry out the purposes or intent of this Award. 
 (b) You acknowledge and agree that you have reviewed your Award in
its entirety, have had an opportunity to obtain the advice of counsel prior to executing and accepting your Award and fully understand all provisions of your Award. 

  
 Grant Date:
[                    ] 
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 (c) The waiver by either party of compliance with any provision of the Award by the
other party shall not operate or be construed as a waiver of any other provision of the Award, or of any subsequent breach by such party of a provision of the Award. 

16. GOVERNING PLAN DOCUMENT. Your Award is subject to
all interpretations, amendments, rules and regulations that may from time to time be promulgated and adopted pursuant to the Plan. In the event of any conflict between the provisions of the Plan and any other document, the provisions of the Plan
shall control. 
 17. DATA PRIVACY NOTIFICATION.
You are hereby notified of the collection, use and transfer, in electronic or other form, of your personal data as described in this Agreement, any other Award materials and the Company’s Employee Personal Information Privacy Notice or
Employee Privacy Notice and Consent Form, as applicable (the “Privacy Notice”), which is viewable at
https://intranet.cbre.com/Sites/EMEA-DataPrivacy/en-GB/Documents/MASTER_Employee_Privacy_notice.pdf. Such personal data may be collected, used and transferred by and among,
as applicable, the Company, the Company Group and any third parties assisting (presently or in the future) with the implementation, administration and management of the Plan, such as Merrill Lynch, Pierce,
Fenner &Smith Incorporated (“Merrill Lynch”), or its successor, for the exclusive purpose of implementing, administering and managing your participation in the
Plan. The Company’s basis for the processing and transfer of the data is described in the Company’s Privacy Notice. Where required under applicable law, personal data also
may be disclosed to certain securities or other regulatory authorities where the Company’s shares are listed or traded or regulatory filings are made, or to certain tax authorities for compliance with the Company’s, the Employer’s
and/or your tax obligations. You understand that the collection, use and transfer of your personal data is mandatory for compliance with applicable law and necessary for the performance of the Plan and that your
refusal to provide such personal data would make it impossible for the Company to perform its contractual obligations and may affect your ability to participate in the Plan. 

18. APPENDICES. Notwithstanding any provisions in this Agreement, if you reside in a country outside the United
States or are otherwise subject to the laws of a country other than the United States, the Award shall be subject to the additional terms and conditions set forth in Appendix A to this Agreement and to any special terms and provisions (if
any) as set forth in Appendix B for your country. Moreover, if you relocate outside the U.S., the special terms and conditions in Appendix A (applicable to all non-U.S. countries) and in
Appendix B (applicable to your specific country) will apply to you, to the extent the Company determines that the application of such terms and conditions is necessary or advisable for legal or administrative reasons. Appendix A and
Appendix B constitute part of this Agreement. 
 19. IMPOSITION OF OTHER
REQUIREMENTS. The Company reserves the right to impose other requirements on your participation in the Plan, on the Award and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable
for legal or administrative reasons, and to require you to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. 

  
 Grant Date:
[                    ] 
 5 













 APPENDIX A 

TO 

RESTRICTED STOCK UNIT AGREEMENT 

PROVISIONS APPLICABLE TO NON-U.S.
COUNTRIES 
 This Appendix A includes additional terms and conditions that govern the Award granted to you under the Plan if you
are a Participant and reside and/or work in a country outside the United States of America (or later relocate to such a country). Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Plan and/or the Agreement
to which this Appendix A is attached. 
 *** 

Nature of Grant. In accepting the grant of the Award, you acknowledge, understand and agree that: 

a. the Plan is established voluntarily by the Company, it is discretionary in nature, and may be amended, suspended or terminated by the
Company at any time, to the extent permitted by the Plan; 
 b. the grant of the Award is exceptional, voluntary and occasional; 

c. all decisions with respect to future Units or other grants, if any, will be at the sole discretion of the Company; 

d. you are voluntarily participating in the Plan; 

e. the Award and any Shares subject to the Award, and the income and value of same, are not intended to replace any pension rights or
compensation; 
 f. unless otherwise expressly agreed in a writing by you with the Company, the Award and the Shares subject to the Award,
and the income and value of same, are not granted as consideration for, or in connection with, the service you may provide as a director of a Subsidiary or Affiliate; 

g. the Award and any Shares subject to the Award, and the income and value of same, are not part of normal or expected compensation for any
purpose, including, without limitation, calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, holiday pay, bonuses,
long-service awards, pension or retirement or welfare benefits or similar mandatory payments; 
 h. the future value of the Shares
underlying the Award is unknown, indeterminable, and cannot be predicted with certainty; 

  
 Grant Date:
[                    ] 
 6 













 i. no claim or entitlement to compensation shall arise from forfeiture of the Award
resulting from the termination of your Continuous Service as provided for in the Plan or in the Agreement; 
 j. for purposes of the Award,
and unless otherwise expressly provided in the Plan, the Agreement or determined by the Company, your Continuous Service will be considered terminated as of the date you are no longer actively providing services to the Company or any Parent,
Subsidiary or Affiliate (regardless of the reason for such termination and whether or not later found to be invalid or in breach of employment laws in the jurisdiction where you are employed or the terms of your employment agreement, if any), and
unless otherwise expressly provided in the Plan, the Agreement or determined by the Company, your right to vest in the Award under the Plan, if any, will terminate as of such date and will not be extended by any notice period (e.g., your
period of service would not include any contractual notice period or any period of “garden leave” or similar period mandated under employment laws in the jurisdiction where you are employed or the terms of your employment agreement, if
any); the Committee shall have the exclusive discretion to determine when you are no longer actively providing services for purposes of your Award (including whether you may still be considered to be providing services while on a leave of absence);

 k. unless otherwise provided in the Plan or by the Company in its discretion, the Award and the benefits evidenced by the Agreement do
not create any entitlement to have the Award or any such benefits transferred to, or assumed by, another company nor to be exchanged, cashed out or substituted for, in connection with any corporate transaction affecting the shares of the Company;
and 
 l. neither the Company nor any Parent, Subsidiary or Affiliate shall be liable for any foreign exchange rate fluctuation
between your local currency and the United States Dollar that may affect the value of the Award or of any amounts due to you pursuant to the settlement of the Award or the subsequent sale of any Shares acquired upon settlement. 

Responsibility for Taxes. The following provisions supplement Section 13 of the Agreement: 

You acknowledge that, regardless of any action taken by the Company or, if different, your employer (the “Employer”), the
ultimate liability for all income tax, social insurance contributions, payroll tax, fringe benefits tax, payment on account or other tax-related items related to your participation in the Plan and legally
applicable to you (“Tax-Related Items”) is and remains your responsibility and may exceed the amount, if any, actually withheld by the Company or the Employer. You further acknowledge
that the Company and the Employer (a) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Award, and (b) do not commit to and
are under no obligation to structure the terms of the grant or any aspect of the Award to reduce or eliminate your liability for Tax-Related Items or achieve any particular tax result. Further, if you are
subject to Tax-Related Items in more than one jurisdiction, you acknowledge that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 

  
 Grant Date:
[                    ] 
 7 













 Prior to any applicable taxable or tax withholding event, you authorize the Company and/or
the Employer, or their respective agents, at their discretion, to satisfy the obligations with regard to all Tax-Related Items by any of the methods referred to in Section 13(a) of
the Agreement. In addition, you authorize withholding from proceeds of the sale of Shares acquired upon settlement of the Award either through a voluntary sale, through a mandatory sale, through a “withhold to cover” program or any other
scheme or program, in each case, arranged by the Company (on your behalf pursuant to this authorization without further consent by you). 

The Company may withhold Shares otherwise deliverable under the Award for Tax-Related Items solely by
considering applicable minimum statutory withholding amounts. If the obligation for Tax-Related Items is satisfied by withholding in Shares, for tax purposes, you are deemed to have been issued the full
number of Shares subject to the vested Award, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items. 

Finally, if requested by the Company, you agree to pay to the Company or the Employer any amount of
Tax-Related Items that the Company or the Employer may be required to withhold or account for as a result of your participation in the Plan that cannot be satisfied by the means previously described. 

Language. You acknowledge that you are proficient in the English language and understand, or have consulted with an advisor who is
proficient in the English language so as to enable you to understand, the provisions of the Agreement and the Plan. If you have received the Agreement or any other document related to the Plan translated into a language other than English, and if
the meaning of the translated version is different than the English version, the English version will control. 

  
 Grant Date:
[                    ] 
 8 













 APPENDIX B 

TO 

RESTRICTED STOCK UNIT AGREEMENT 

COUNTRY-SPECIFIC PROVISIONS 

This Appendix B includes additional terms and conditions that govern the Award granted to you under the Plan if you are a Participant and reside and/or
work in one of the countries listed herein. If you are a citizen or resident of a country other than the one in which you currently are working and/or residing (or if you are considered as such for local law purposes), or if you transfer or relocate
employment or residence to another country after the Grant Date, the Company, in its discretion, will determine the extent to which the terms and conditions herein will be applicable to you. 

This Appendix B also includes information regarding securities and other laws of which you should be aware with respect to your participation in the
Plan. The information is based on laws in effect in the respective countries as of February 2019. Such laws are often complex and change frequently. As a result, you should not rely on the information noted herein as the only source of information
relating to the consequences of your participation in the Plan because the information may be out of date by the time you vest in the Award or sell the Shares acquired under the Plan. In addition, the information noted herein is general in nature
and may not apply to your particular situation, and the Company is not in a position to assure you of any particular result. Accordingly, you should seek appropriate professional advice as to how the applicable laws may apply to your situation. That
is your responsibility, and not the Company’s. 
 If you are a citizen or resident of a country other than the one in which you currently are working
and/or residing (or if you are considered as such for local law purposes), or if you transfer employment or residence to another country after the Grant Date, the information noted herein may not be applicable to you in the same manner. 

Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Plan, the Agreement and/or the Appendix A which this
Appendix B follows. 
 *** 

AUSTRALIA 

Australian Offer Document. This Award is intended to comply with the provisions of the Corporations Act 2001, ASIC Regulatory Guide 49 and
ASIC Class Order CO 14/1000. Additional details are set forth in the Australian Offer Document, which you acknowledge has been provided to you with this Agreement. 

Tax Information. Subdivision 83A-C of the Income Tax Assessment Act, 1997, applies to Awards
granted under the Plan, such that the Award is intended to be subject to deferred taxation. 

  
 Grant Date:
[                    ] 
 9 













 AUSTRIA 

No country-specific provisions. 

BELGIUM 
 No
country-specific provisions. 
 CANADA 

Form of Settlement. Notwithstanding any discretion contained in Section 10(f) of the Plan or anything to the contrary in the
Agreement, the Award shall be settled in Shares only. 
 Securities Law Notice. You are permitted to sell Shares acquired upon the
vesting and settlement of the Award through the designated broker appointed under the Plan, if any, provided the resale of Shares acquired under the Plan takes place outside of Canada through the facilities of a stock exchange on which the Shares
are listed. The Shares are currently listed on the New York Stock Exchange (“NYSE”). 
 The following provisions apply if you are a
resident of Quebec: 
 Language Consent. The parties acknowledge that it is their express wish that the Agreement, as well as
all documents, notices and legal proceedings entered into, given or instituted pursuant hereto or relating directly or indirectly hereto, be drawn up in English. 

Les parties reconnaissent avoir exigé la rédaction en anglais de la Convention, ainsi que de tous documents exécutés, avis
donnés et procédures judiciaires intentées, directement ou indirectement, relativement à ou suite à la présente convention. 

Authorization to Release and Transfer Necessary Personal Information. The following provision supplements
Section 17 of the Agreement: 
 You hereby authorize the Company (including any Parent, Subsidiary or Affiliate) and the
Company’s representatives to discuss with and obtain all relevant information from all personnel, professional or non-professional, involved in the administration and operation of the Plan. You further
authorize the Company, the Employer and any Parent, Subsidiary or Affiliate and the administrator of the Plan (including Merrill Lynch or any other stock plan service provider) to disclose and discuss the Plan with their advisors. You further
authorize the Company, the Employer and any Parent, Subsidiary or Affiliate to record such information and to keep such information in your employee file. 

CHINA 
 The
following provisions apply only to Participants who are PRC nationals, unless otherwise determined by the Company or required by the PRC State Administration of Foreign Exchange (“SAFE”). 

  
 Grant Date:
[                    ] 
 10 













 Mandatory Sale Restriction. To facilitate compliance with local regulatory
requirements, you agree to the sale of any Shares to be issued to you under the Plan, including by the Company on your behalf if the Company so determines. The sale will occur, at the Company’s election: (i) immediately upon vesting,
(ii) following your termination of Continuous Service, or (iii) within any other time frame as the Company determines to be necessary to comply with local regulatory requirements. You further agree that the Company is authorized to
instruct its designated broker to assist with the mandatory sale of such shares (on your behalf pursuant to this authorization) and you expressly authorize the Company’s designated broker to complete the sale of such shares. You acknowledge
that the designated broker is under no obligation to arrange for the sale of the Shares at any particular price. Upon the sale of the Shares, the Company agrees to pay you the cash proceeds from the sale, less any brokerage fees or commissions and
subject to any obligation to satisfy Tax-Related Items. You agree that the payment of the cash proceeds will be subject to the repatriation requirements described below. 

You further agree that any Shares to be issued to you shall be deposited directly into an account with the designated broker. The deposited Shares shall not
be transferable (either electronically or in certificate form) from the brokerage account. This limitation shall apply both to transfers to different accounts with the same broker and to transfers to other brokerage firms. The limitation shall apply
to all Shares issued to you under the Plan, whether or not you continue to be employed by the Company Group. If you sell Shares that you acquire under the Plan, the repatriation requirements described below shall apply. 

Exchange Control Restrictions. By participating in the Plan, you understand and agree that, if you are subject to exchange control
laws in China, you will be required to immediately repatriate to China the proceeds from the sale of any Shares acquired under the Plan. You further understand that such repatriation of the proceeds may need to be effected through a special exchange
control account established by the Company, the Employer or a Subsidiary or Affiliate, and you hereby consent and agree that the proceeds from the sale of Shares acquired under the Plan may be transferred to such account by the Company (or its
designated broker) on your behalf prior to being delivered to you. You also agree to sign any agreements, forms and/or consents that may be reasonably requested by the Company (or its designated broker) to effectuate such transfers. 

CZECH REPUBLIC 

No country-specific provisions. 

FRANCE 

Language Consent. By accepting the grant, you confirm having read and understood the Plan and Agreement which were provided in the
English language. You accept the terms of those documents accordingly. 
 En acceptant l’attribution, vous confirmez avoir lu et compris le Plan et
l’Accord, qui ont été fournis en langue anglaise. Vous acceptez les termes de ces documents en connaissance de cause. 

GERMANY 
 No
country-specific provisions. 

  
 Grant Date:
[                    ] 
 11 













 HONG KONG 

Sale Restriction. Shares received at vesting are accepted as a personal investment. In the event that the Award vests and Shares are
issued to you (or your heirs) within six (6) months of the Grant Date, you (or your heirs) agree that the Shares will not be offered to the public or otherwise disposed of prior to the six (6)-month anniversary of the Grant Date. 

Securities Law Notice. WARNING: The contents of this document have not been reviewed by any regulatory authority in Hong Kong. You
should exercise caution in relation to the offer. If you are in any doubt about any of the contents of this document, you should obtain independent professional advice. Neither the grant of the Award nor the issuance of Shares upon vesting and
settlement of the Award constitutes a public offering of securities under Hong Kong law and are available only to Participants. The Agreement, the Plan and other incidental communication materials distributed in connection with the Award
(i) have not been prepared in accordance with and are not intended to constitute a “prospectus” for a public offering of securities under the applicable securities legislation in Hong Kong and (ii) are intended only for the
personal use of each Participant and may not be distributed to any other person. 
 INDIA 

No country-specific provisions. 

IRELAND 
 No
country-specific provisions. 
 ITALY 

Acknowledgement of Terms. You acknowledge that by accepting this Award, you have been given access to the Plan document, have reviewed
the Plan and this Agreement in their entirety, and fully understand and accept all provisions of the Plan and this Agreement. Further you specifically and expressly approve the following sections of this Agreement: (i) Section 4
– Vesting; (ii) Section 6 – Issuance and Certificates; (iii) Section 11 – Award Not a Service Contract and No Entitlement to Future Grants; (iv) Section 13 – Withholding
Obligations (including the Responsibility for Taxes section in Appendix A which supplements Section 13); (v) Section 16 – Governing Plan Document; and (vi) the Nature of Grant
section in Appendix A. 
 JAPAN 

No country-specific provisions. 

NETHERLANDS 
 No
country-specific provisions. 
 NEW ZEALAND 

  
 Grant Date:
[                    ] 
 12 













 Securities Law Notice. 

Warning 
 This is an offer of rights to receive Shares
underlying the Award. Shares give you a stake in the ownership of the Company. Shares are quoted on the NYSE. This means you may be able to sell them on the NYSE if there are interested buyers. You may get less than you invested. The price will
depend on the demand for the Shares. 
 If the Company runs into financial difficulties and is wound up, you will be paid only after all creditors have been
paid. You may lose some or all of your investment. 
 New Zealand law normally requires people who offer financial products to give information to investors
before they invest. This information is designed to help investors to make an informed decision. The usual rules do not apply to this offer because it is made under an employee share scheme. As a result, you may not be given all the information
usually required. You also will have fewer other legal protections for this investment. 
 In compliance with applicable New Zealand securities laws, you
are entitled to receive, in electronic or other form and free of cost, copies of the Company’s latest annual report, relevant financial statements and the auditor’s report on said financial statements (if any). 

You should ask questions, read all documents carefully, and seek independent financial advice before committing yourself. 

NORWAY 
 No
country-specific provisions. 
 POLAND 

No country-specific provisions. 

PORTUGAL 

Language Consent. You hereby expressly declare that you have full knowledge of the English language and have read, understood and fully
accepted and agreed with the terms and conditions established in the Plan and the Agreement. 
 Conhecimento da Lingua. Você
expressamente declara ter pleno conhecimento do idioma inglês e ter lido, entendido e totalmente aceito e concordou com os termos e condições estabelecidas no plano e no acordo. 

PUERTO RICO 

No country-specific provisions. 

  
 Grant Date:
[                    ] 
 13 













 ROMANIA 

No country-specific provisions. 

RUSSIA 
 U.S.
Transaction and Sale Restrictions. You understand that your acceptance of the Award results in a contract between you and the Company that is completed in the United States and that the Plan is governed by the laws of the State of
Delaware, without regard to its conflict of law provisions. Further, any Shares to be issued to you upon vesting and settlement of the Award shall be delivered to you through a bank or brokerage account in the United States. You are not permitted to
sell or otherwise transfer the Shares directly to individuals or legal entities in Russia, nor are you permitted to bring any certificates representing the Shares into Russia. 

Securities Law Notice. This Agreement, the Plan and all other materials you may receive regarding participation in the Plan do not
constitute advertising or an offering of securities in Russia. Absent any requirement under local law, the issuance of securities pursuant to the Plan has not and will not be registered in Russia; hence, the securities described in any Plan-related
documents may not be used for offering or public circulation in Russia. 
 SINGAPORE 

Sale Restriction. You agree that any Shares issued to you upon vesting and settlement of the Award will not be offered for sale or
sold in Singapore prior to the six (6)-month anniversary of the Grant Date, unless such sale or offer is made pursuant to the exemptions under Part XIII Division (1) Subdivision (4) (other than section 280) of the Singapore Securities and
Futures Act (Chapter 289, 2006 Ed.) (“SFA”) or pursuant to, and in accordance with the conditions of, any other applicable provision(s) of the SFA. 

Securities Law Notice. The Award is being made to you in reliance on the “Qualifying Person” exemption under
section 273(1)(f) of the SFA and is not being made with the view to the underlying Shares being subsequently offered for sale to any other party. The Plan has not been nor will it be lodged or registered as a prospectus with the Monetary Authority
of Singapore. 
 Chief Executive Officer and Director Notification Obligation. If you are the Chief Executive Officer
(“CEO”) or a director (including an alternate, substitute, or shadow director) of the Company’s Singapore Subsidiary or Affiliate, you are subject to certain notification requirements under the Singapore Companies Act. Among
these requirements is an obligation to notify the Company’s Singapore Subsidiary or Affiliate in writing when you receive an interest (e.g., an Award or Shares) in the Company or any Parent, Subsidiary or Affiliate. In addition, you must
notify the Company’s Singapore Subsidiary or Affiliate when you sell Shares or shares of any Parent, Subsidiary or Affiliate (including when you sell Shares issued upon vesting and settlement of the Award). These notifications must be made
within a prescribed period of time from acquiring or disposing of any interest in the Company or any Parent, Subsidiary or Affiliate. In addition, a notification of your interests in the Company or any Parent, Subsidiary or Affiliate must be made
within a prescribed period of time from becoming the CEO or a director. 

  
 Grant Date:
[                    ] 
 14 













 SLOVAKIA 

No country-specific provisions. 

SOUTH KOREA 

No country-specific provisions. 

SPAIN 
 Labor
Law Acknowledgment. The following provision supplements the Nature of Grant section in Appendix A: 
 By accepting the Award, you
acknowledge that you understand and agree that you consent to participation in the Plan and that you have received a copy of the Plan. 
 You further
understand that the Company has unilaterally, gratuitously and in its sole discretion decided to grant Awards under the Plan to employees of the Company or any Parent, Subsidiary or Affiliate throughout the world. The decision to grant the Awards is
a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any Parent, Subsidiary or Affiliate on an ongoing basis other than as set forth in this
Agreement. Consequently, you understand that any grant is given on the assumption and condition that it shall not become a part of any employment contract (either with the Company or any Parent, Subsidiary or Affiliate) and shall not be considered a
mandatory benefit, salary for any purpose (including severance compensation) or any other right whatsoever. Further, you understand and freely accept that there is no guarantee that any benefit shall arise from any gratuitous and discretionary grant
since the future value of the Shares is unknown and unpredictable. 
 Additionally, you understand that the vesting and settlement of the Award is expressly
conditioned on your continued and active rendering of service to the Employer such that if your Continuous Service terminates for any reason other than as expressly provided in Section 4 of the Agreement, your Award will
cease vesting immediately effective as of the date of termination of your Continuous Service. This will be the case, for example, even if (1) you are considered to be unfairly dismissed without good cause (i.e., subject to a
“despido improcedente”); (2) you are dismissed for disciplinary or objective reasons or due to a collective dismissal; (3) you terminate Continuous Service due to a change of work location, duties or any other employment or
contractual condition; (4) you terminate Continuous Service due to the Company’s or any Parent’s, Subsidiary’s or Affiliate’s unilateral breach of contract; or (5) your Continuous Service terminates for any other reason
whatsoever, in each case other than as expressly provided in Section 4 of the Agreement. Consequently, upon termination of your Continuous Service for any of the above reasons, you will automatically lose any rights to
Awards granted to you that were unvested on the date of termination of your Continuous Service, as described in the Agreement. 
 Finally, you understand
that this grant would not be made to you but for the assumptions and conditions referred to herein; thus, you acknowledge and freely accept that should any or all of the assumptions be mistaken or should any of the conditions not be met for any
reason, then any grant of an Award shall be null and void. 

  
 Grant Date:
[                    ] 
 15 













 Securities Law Notice. No “offer of securities to the public,” as defined
under Spanish law, has taken place or will take place in the Spanish territory in connection with the offer of the Award. The Agreement has not been nor will it be registered with the Comisión Nacional del Mercado de
Valores, and does not constitute a public offering prospectus. 
 SWEDEN 

No country-specific provisions. 

SWITZERLAND 

Securities Law Notice. The Award is considered a private offering in Switzerland and is therefore not subject to securities registration
in Switzerland. Neither this document nor any other materials relating to the Award (a) constitutes a prospectus as such term is understood pursuant to article 652a of the Swiss Code of Obligations, (b) may be publicly distributed or
otherwise made publicly available in Switzerland or (c) has been or will be filed with, approved by or supervised by any Swiss regulatory authority (e.g., the Swiss Financial Market Supervisory Authority). 

TAIWAN 

Securities Law Notice. The Award and the Shares to be issued pursuant to the Plan are available only for Participants. The Award is not a
public offer of securities by a Taiwanese company. 
 UNITED KINGDOM 

Tax Acknowledgment. The following provisions supplement Section 13 of the Agreement as further supplemented by
the Responsibility for Taxes section in Appendix A: 
 Without limitation to Section 13 of the Agreement and the
Responsibility for Taxes section in Appendix A, you agree that you are liable for all Tax-Related Items and hereby covenant to pay all such Tax-Related Items as
and when requested by the Company or the Employer or by Her Majesty’s Revenue and Customs (“HMRC”) (or any other tax or other relevant authority). You also agree to indemnify and keep indemnified the Company and the Employer
against any taxes or other amounts that they are required to pay or withhold or have paid or will pay to HMRC (or any other tax or other relevant authority) on your behalf. 

Notwithstanding the foregoing, if you are a director or an executive officer (as within the meaning of Section 13(k) of the Exchange Act), the terms of
the immediately foregoing provision will not apply. In such case, if the amount of any income tax due is not collected from or paid by you within ninety (90) days of the end of the U.K. tax year (April 6 - April 5) in which an event giving rise
to the indemnification described above occurs, the amount of any uncollected income tax may constitute a benefit to you on which additional income tax and national insurance contributions (“NICs”) may be payable. You understand and
agree that you 

  
 Grant Date:
[                    ] 
 16 













 
will be responsible for reporting and paying any income tax due on this additional benefit directly to HMRC under the self-assessment regime and for reimbursing the Company or the Employer (as
applicable) for the value of any employee NICs due on this additional benefit, which the Company or the Employer may recover from you by any of the means referred to in the Plan or the Agreement. 

  
 Grant Date:
[                    ] 
 17