formofrestrictedstockuni






1      Exhibit 10.20      RESTRICTED STOCK UNIT AWARD AGREEMENT    THIS AGREEMENT is made as of the date (the “Grant Date”) stated on the last page  hereto (the “Grant Award”) between JELD-WEN Holding, Inc., a Delaware corporation (the  “Company”), and the individual named on the Grant Award (the “Recipient”).    WHEREAS, the Company desires to grant to the Recipient an award of restricted stock units  pursuant the Company’s 2017 Omnibus Equity Plan, as may be amended from time to time (the  “Plan”); and    WHEREAS, the Company and the Recipient understand and agree that any capitalized terms  used herein, if not otherwise defined, shall have the same meanings as in the Plan (the Recipient being  referred to in the Plan as a  Participant).    NOW, THEREFORE, in consideration of the following mutual covenants and for other good  and valuable consideration, including specifically, entry into the JELD-WEN 2021 Non-Competition  Agreement, the parties agree as follows:  1. Award and Terms of Restricted Stock Units. The Company awards to the  Recipient under the Plan an aggregate number of Restricted Stock Units (the “Award”), subject  to the restrictions, conditions and limitations set forth in this Agreement and in the Plan, which is  incorporated herein by reference. The Recipient acknowledges receipt of a copy of the Plan and  acknowledges that the definitive records pertaining to the grant of this Award, and settlement of rights  hereunder, shall be retained by the Company.  (a) Rights under Restricted Stock Units. A Restricted Stock Unit (“RSU”)  obligates the Company, upon vesting and in accordance with this Agreement, to issue to the  Recipient one Share.  (b) Vesting Dates. The RSUs awarded under this Agreement shall initially be  100% unvested and subject to forfeiture. Subject to Sections 1(c) and 2, the RSUs shall vest in the  number of installments stated in the Grant Award on the specified anniversary of the Grant Date  (each, a “Vesting Date”), so long as the Recipient continues to be an Eligible Individual at all  times from the Grant Date through the relevant Vesting Date, except as provided below.  (c) Forfeiture of RSUs on Termination. If the Recipient’s employment with the  Company or any of its subsidiaries is terminated for any reason other than Disability, Death or  Retirement, all outstanding but unvested RSUs awarded pursuant to this Agreement shall be  immediately and automatically forfeited to the Company, and the Recipient shall have no right to  receive the underlying Shares.    (d) Disability, Death and Retirement.  Upon the termination of the Recipient’s  employment with the Company or any of its subsidiaries by reason of Disability, Death or  Retirement, all outstanding but unvested RSUs awarded pursuant to this Agreement shall continue  to vest on each Vesting Date following such termination as if the Recipient had continued to be an  





 






2      Eligible Individual on such Vesting Dates. For purposes of this Agreement, an employee is eligible  for “Retirement” at any time on or after attaining age fifty-five (55) with ten (10) years of service  with the Company and its subsidiaries. In no event does Retirement include any termination for  cause as determined in the sole discretion of the Board or any committee of the Board.  (e) Restrictions on Transfer. The Recipient may not sell, transfer, assign,  pledge or otherwise encumber or dispose of the RSUs.  (f) No Stockholder Rights. The Recipient shall have no rights as a stockholder  with respect to the RSUs or the Shares underlying the RSUs until the underlying Shares are issued  to the Recipient.  (g) Delivery Date for the Shares Underlying the Vested RSU. As soon as  practicable, but in no event later than 30 days following a date on which any RSU vests, subject  to the Recipient’s deferral election, if any, the Company will issue to the Recipient the Share  underlying the then-vested RSU, subject to Section 1(h). The Shares will be issued in the  Recipient’s name or in the event of the Recipient’s (i) death, in the name of either (1) the  beneficiary designated by the Recipient on a form supplied by the Company or (2) if the Recipient  has not designated a beneficiary, the person or persons establishing rights of ownership by will or  under the laws of descent and distribution and (ii) Disability, in the name of the Recipient’s estate  or personal representative.  (h) Taxes and Tax Withholding. The Recipient acknowledges and agrees that  no election under Section 83(b) of the Internal Revenue Code of 1986, as amended, can or will be  made with respect to the RSUs. The Recipient acknowledges that on each date that Shares  underlying the RSUs are issued to the Recipient (the “Payment Date”), the Fair Market Value on  that date of the Shares so issued will be treated as ordinary compensation income for federal and  state income and FICA tax purposes, and that the Company will be required to withhold taxes on  these income amounts. To satisfy the required minimum withholding amount, the Company shall  withhold from the Shares otherwise issuable the number of Shares having a Fair Market Value  equal to the minimum withholding amount. Alternatively, the Company may, at its option, permit  the Recipient to pay such withholding amount in cash under procedures established by the  Company.    (i) Dividend Equivalent Distributions. If a dividend or other distribution is  made in respect of Shares before a Payment Date, for each RSU that is settled on such applicable  Payment Date, a Recipient will be entitled to receive (on the applicable Payment Date) the per  Share amount received by other stockholders in respect of a Share in connection with such  dividend or distribution (such dividends or distributions, the “Dividend Equivalent  Distributions”). For the sake of clarity, Dividend Equivalent Distributions that relate to RSUs that  are not settled on a Payment Date will be made if and when the Payment Date related to such RSUs  occurs. To the extent any such RSUs are forfeited, any Dividend Equivalent Distributions  associated with such RSUs shall similarly be forfeited.    (j) Not a Contract of Employment. Nothing in the Plan or this Agreement shall  confer upon the Recipient any right to be continued in the employment of the Company or any  Affiliate, or to interfere in any way with the right of the Company or any parent or subsidiary by  whom the Recipient is employed to terminate the Recipient’s employment at any time or for any  reason, with or without cause, or to decrease the Recipient’s compensation or benefits.    





 






3      (k) Consent to be Bound by the JELD-WEN 2021 Non-Compete Agreement. As  additional consideration, the Recipient acknowledges and agrees to be bound by the terms of the  JELD-WEN 2021 Non-Competition Agreement attached hereto, which agreement is expressly  granted by signing and/or electronically accepting this Agreement.    2. Prohibited Conduct; Restatements.    (a) Consequences of Prohibited Conduct. If the Company determines that the  Recipient has engaged in any Prohibited Conduct (as defined in Section 2(b)), then:  (i) The Recipient shall immediately forfeit all outstanding RSUs  awarded pursuant to this Agreement and shall have no right to receive the underlying Shares; and    (ii) If the Payment Date for any RSUs has occurred, and the Company  determines that Prohibited Conduct occurred on or before the first anniversary of the Vesting Date  for those RSUs, the Recipient shall repay and transfer to the Company (A) the number of Shares  issued to the Recipient under this Agreement on that Payment Date (the “Forfeited Shares”), plus  (B) the amount of cash equal to the withholding taxes paid by withholding Shares (if any) from  the Recipient on the respective Payment Date. If any Forfeited Shares have been sold by the  Recipient prior to the Company’s demand for repayment, the Recipient shall repay to the Company  (A) 100% of the proceeds of such sale or sales, plus (B) the amount of cash equal to the withholding  taxes paid by withholding Shares (if any) from the Recipient on the respective Payment Date.    (b) Prohibited Conduct. Each of the following constitutes “Prohibited  Conduct”:  (i) the conviction or entry of a plea of guilty or nolo contendere to    (A) any felony or    (B) any crime (whether or not a felony) involving moral turpitude,  fraud, theft, breach of trust or other similar acts, whether under the laws of the United States  or any state thereof or any similar foreign law to which the person may be subject;    (ii) being engaged or having engaged in conduct constituting breach of  fiduciary duty, dishonesty, willful misconduct or material neglect relating to the Company or any  of its subsidiaries or the performance of a person’s duties;    (iii) appropriation (or an overt act attempting appropriation) of a material  business opportunity of the Company or any of its subsidiaries;    (iv) misappropriation (or an overt act attempting misappropriation) of  any funds of the Company or any of its subsidiaries;    (v) the willful failure to:    (A) follow a reasonable and lawful directive of the Company or  any of its subsidiaries at which a person is employed or provides services, or the Board of  Directors or  (B) comply with any written rules, regulations, policies or  





 






4      procedures of the Company or a subsidiary at which a person is employed or to which he  or she provides services which, if not complied with, would reasonably be expected to have  more than a de minimis adverse effect on the business or financial condition of the  Company;    (vi) violation of a person’s employment, consulting, separation or  similar agreement with the Company or any non-disclosure, non-solicitation or non-competition  covenant in any other agreement to which the person is subject;  (vii) during the Recipient’s employment or service with the Company or  at any time after termination for any reason, the Recipient, in violation of any Company policies  or agreements with the Company, discloses or misuses any of the Company’s trade secrets or other  confidential information regarding the Company, including without limitation, matters relating to  cost data, formulas, patterns, compilations, programs, devices, methods, techniques, processes,  manufacturing processes, business strategy and plans, customer information, pricing information,  supplier information, the Company’s policies and procedures and other financial data of the  Company;    (viii) deliberate and continued failure to perform material duties to the  Company or any of its subsidiaries;    (ix) violation of the Company’s Code of Business Conduct and Ethics,  as it may be amended from time to time; or    (x) during the Recipient’s employment or service with the Company or  at any time during the two-year period following termination for any reason, the Recipient:    (A) directly or indirectly competes with the Company, accepts  employment with any entity that directly or indirectly competes with the Company or otherwise  approaches, solicits or accepts business from any customer, supplier or vendor of the Company in  direct or indirect competition with the Company;    (B) approaches, counsels or attempts to induce any person who  is then in the employ of the Company to leave his or her employ; or employs or attempts to employ  any such person or any person who at any time during the preceding twelve (12) months was in  the employ of the Company; or    (C) aids, assists or counsels any other person, firm or corporation  to do any of the above.    (c) Restatement of Financial Statements. In addition to the other provisions in  this Section 2, this Agreement, or the Plan, the RSUs and any Shares issued under the RSUs shall  be subject to any policies of the Company in effect on the Grant Date or adopted by the Company  at any time thereafter that provide for forfeiture of the RSUs and recoupment of any Shares issued  under the RSUs or of any gain received by the Recipient in connection with the sale of Shares  received under the RSUs in the event of any restatement of the Company’s financial statements.    (d) Determinations. The Committee shall, in its sole discretion, make all  determinations regarding this Section 2, including whether any Prohibited Conduct has occurred,  





 






5      and the determinations by the Committee shall be final and binding on all parties.    (e) Company and its Affiliates. All references in this Section 2 to the Company  shall include the Company and any of its Subsidiaries and Affiliates.    3. Notices. All notices, consents and other communications required or permitted to  be given under or by reason of this Agreement shall be in writing and shall be delivered personally  or by e-mail or reputable overnight courier. If to the Company, notice shall be made at its principal  corporate headquarters, addressed to the attention of the Corporate Secretary. If to the Recipient,  notice shall be made at Recipient’s address on file with the Company. Either party may designate  at any time hereafter in writing some other address for notice.    4. Governing Law. This Agreement shall be construed and enforced in accordance with  the laws of the State of Delaware. Any litigation against any party to this Agreement arising out of or  in any way relating to this Agreement shall be brought in any federal or state court located in the  State of Delaware in New Castle County and each of the parties hereby submits to the exclusive  jurisdiction of such courts for the purpose of any such litigation; provided, that a final judgment in  any such litigation shall be conclusive and may be enforced in other jurisdictions by suit on the  judgment or in any other manner provided by law. Each party irrevocably and unconditionally agrees  not to assert (a) any objection which it may ever have to the laying of venue of any such litigation in  any federal or state court located in the State of Delaware in New Castle County, (b) any claim that  any such litigation brought in any such court has been brought in an inconvenient forum and (c) any  claim that such court does not have jurisdiction with respect to such litigation. To the extent that  service of process by mail is permitted by applicable law, each party irrevocably consents to the  service of process in any such litigation in such courts by the mailing of such process by registered or  certified mail, postage prepaid, at its address for notices provided for herein.    5. Binding Effect; Entire Agreement. This Agreement, together with the Plan, contains  the entire agreement between the parties with respect to the subject matter hereof, supersedes any and  all prior understandings, agreements or correspondence between the parties, and shall be binding  upon the heirs, executors, administrators, successors and assigns of the parties hereto.    6. Severability. Each provision of this Agreement will be treated as a separate and  independent clause and unenforceability of any one clause will in no way impact the enforceability  of any other clause. Should any of the provisions of this Agreement be found to be unreasonable  or invalid by a court of competent jurisdiction, such provision will be enforceable to the maximum  extent enforceable by the law of that jurisdiction.    IN WITNESS WHEREOF, the Company and the Recipient have caused this Agreement to  be executed on their behalf, by their duly authorized representatives, all on the day and year stated in  the Grant Award.  





 






6      Notice of Restricted Stock Units of JELD-WEN Holding, Inc.    Company Name     JELD-WEN Holding, Inc.    Plan       RSU 2017    Participant Id          Participant Name         Participant Address         Grant/Award Type     Restricted Stock Units    Share Amount          Grant/Award Date             VESTING SCHEDULE    Vesting Date    No. of Shares   Percent                                  





 






7      JELD-WEN 2021 Non-Compete Agreement  This Non-Compete Agreement (“Agreement”) is entered into by and between JELD-WEN, Inc.,  a Delaware Corporation, with its principal place of business located in Charlotte, North Carolina  (the “Employer”), on behalf of itself, its subsidiaries, and other corporate affiliates, and their  successors or assigns (collectively referred to herein as, the “Employer Group”), and the  Associate named in the award of Restricted Stock Units, Performance Share Units, and/or Stock  Options granted on the date of the Grant Award (the “Associate”), (the Employer and the  Associate are collectively referred to as the “Parties”), as of the Grant Award Date (the  “Effective Date”).  In consideration of the award of Restricted Stock Units, Performance Share Units, and/or stock  Options granted on the date indicated on the Grant Award, which the Associate acknowledges to  be good and valuable consideration for the associate's obligations hereunder, the Employer and  the Associate hereby agree as follows:    1. Confidential Information. The Associate understands and acknowledges that  during the course of employment by the Employer Group, the Associate will have access to and  learn about Confidential Information, as defined below.    (a) Confidential Information Defined.    For purposes of this Agreement, “Confidential Information”  includes, but is not limited to, all information not generally known to the public,  in spoken, printed, electronic, or any other form or medium, relating directly or  indirectly to: business processes, practices, methods, policies, plans, documents,  research, operations, strategies, techniques, agreements, contracts, terms of  agreements, transactions, potential transactions, negotiations, pending  negotiations, know-how, trade secrets, operating systems, work-in-process,  databases, manuals, records, systems, material, sources of material, supplier  information, vendor information, financial information, results, accounting  information, accounting records, legal information, marketing information,  advertising information, pricing information, credit information, design  information, payroll information, staffing information, personnel information,  associate lists, supplier lists, vendor lists, developments, internal controls, security  procedures, drawings, sketches, market studies, sales information, revenue, costs,  formulae, notes, communications, algorithms, product plans, designs, styles,  models, ideas, inventions, unpublished patent applications, discoveries,  experimental processes, experimental results, specifications, customer  information, customer lists, client information, client lists, manufacturing  information, distributor lists, and buyer lists of the Employer Group or its  businesses or any existing or prospective customer, supplier, investor, or other  associated third party, or of any other person or entity that has entrusted  information to the Employer Group in confidence.    The Associate understands that the above list is not exhaustive, and that  Confidential Information also includes other information that is marked or  otherwise identified or treated as confidential or proprietary, or that would  





 






8      otherwise appear to a reasonable person to be confidential or proprietary in the  context and circumstances in which the information is known or used.    The Associate understands and agrees that Confidential  Information includes information developed by the Associate in the course of the  Associate's employment by the Employer as if the Employer furnished the same  Confidential Information to the Associate in the first instance. Confidential  Information shall not include information that is generally available to and known  by the public at the time of disclosure to the Associate, provided that the  disclosure is through no direct or indirect fault of the Associate or person(s)  acting on the Associate's behalf.    (b) Employer Group Creation and Use of Confidential Information.    The Associate understands and acknowledges that the Employer  Group has invested, and continues to invest, substantial time, money, and  specialized knowledge into developing its resources, creating a customer base,  generating customer and potential customer lists, training its associates, and  improving its offerings in the field of door, window, trim, and building supplies  manufacturing and distribution. The Associate understands and acknowledges that  as a result of these efforts, Employer Group has created, and continues to use and  create, Confidential Information. This Confidential Information provides  Employer Group with a competitive advantage over others in the marketplace.    (c) Disclosure and Use Restrictions.    Nothing herein voids, alters, or modifies the associate's obligations  under the Employer’s Code of Business Conduct and Ethics, Associate’s  Employment Agreement, or any other confidentiality agreement entered into by  Associate and the Employer.    2. Restrictive Covenants.    (a) Acknowledgment.    The Associate understands that the nature of Associate's position  gives the Associate access to and knowledge of Confidential Information and  places the Associate in a position of trust and confidence with the Employer  Group. The Associate understands and acknowledges that the intellectual services  the Associate provides to the Employer Group are unique, special, or  extraordinary.    The Associate further understands and acknowledges that the  Employer Group's ability to reserve these for the exclusive knowledge and use of  the Employer Group is of great competitive importance and commercial value to  the Employer Group, and that improper use or disclosure by the Associate is  likely to result in unfair or unlawful competitive activity.  





 






9      (b) Non-Competition.    Because of Employer Group's legitimate business interest as  described in this Agreement and the good and valuable consideration offered to  the Associate, the receipt and sufficiency of which is acknowledged, during the  term of Associate's employment and for the one year beginning on the last day of  the Associate's employment with the Employer, whether terminated for any  reason or no reason, by the Associate or the Employer, (the "Restricted Period"),  the Associate agrees and covenants not to engage in Prohibited Activity within the  United States, or the geographical regions for which the Associate provides  services during the course of employment, whichever is larger.    For purposes of this non-compete clause, "Prohibited Activity" is  activity in which the Associate contributes the Associate's knowledge, directly or  indirectly, in whole or in part, as an associate, employer, owner, operator,  manager, advisor, consultant, contractor, agent, partner, director, stockholder,  officer, volunteer, intern, or any other similar capacity to an entity engaged in the  same or similar business as the Employer Group, including those engaged in the  business of manufacturing and distribution of doors, windows, trim, and other  building supplies manufactured or distributed by the Employer Group. Prohibited  Activity also includes activity that may require or inevitably require disclosure of  trade secrets, proprietary information, or Confidential Information.    The Employer Group regards as its primary, but not exclusive,  competitors the following: Masonite, Weather Shield, PlyGem, Pella, Andersen  Windows, Marvin Windows, Steve’s and Sons, Fortune Brands Door Division  (ThermaTru), Plastpro, Lynden Door, Haley Bros., Woodgrain Millwork, PGT,  Sierra Pacific, and Hurd.    Nothing herein shall prohibit Associate from purchasing or owning  less than five percent (5%) of the publicly traded securities of any corporation,  provided that such ownership represents a passive investment and that the  Associate is not a controlling person of, or a member of a group that controls,  such corporation.    This Section does not, in any way, restrict or impede the Associate  from exercising protected rights to the extent that such rights cannot be waived by  agreement or from complying with any applicable law or regulation or a valid  order of a court of competent jurisdiction or an authorized government agency,  provided that such compliance does not exceed that required by the law,  regulation, or order.    (c) Non-Solicitation of Associates.    The Associate agrees and covenants not to directly or indirectly  solicit, hire, recruit, or attempt to solicit, hire, or recruit, any associate of the  Employer Group ("Covered Associate"), or induce the termination of employment  





 






10      of any Covered Associate for a period of two years, beginning on the last day of  the Associate's employment with the Employer, regardless of the reason for the  employment termination.    (d) Non-Solicitation of Customers.    The Associate understands and acknowledges that because of the  Associate's experience with and relationship to the Employer Group, the  Associate will have access to, and will learn about, much or all of the Employer  Group's customer information. “Customer Information” includes, but is not  limited to, names, phone numbers, addresses, email addresses, order history, order  preferences, chain of command, pricing information, and other information  identifying facts and circumstances specific to the customer and relevant to  sales/services.    The Associate understands and acknowledges that loss of any such  customer relationship or goodwill will cause significant and irreparable harm to  the Employer Group.    The Associate agrees and covenants, for a period of two years,  beginning on the last day of the Associate's employment with the Employer,  whether terminated for any reason or no reason, by the Associate or the  Employer, not to directly or indirectly solicit, contact, or attempt to solicit or  contact, using any other form of oral, written, or electronic communication,  including, but not limited to, email, regular mail, express mail, telephone, fax,  instant message, or social media, including but not limited to Facebook, LinkedIn,  Instagram or Twitter, or any other social media platform, whether or not in  existence at the time of entering into this agreement, or meet with the Employer  Group's current customers for purposes of offering or accepting goods or services  similar to or competitive with those offered by the Employer Group.    This restriction shall only apply to:    • Customers or prospective customers the Associate contacted in any way during  the two years prior to the Associate’s termination of employment;  • Customers about whom the Associate has trade secret or confidential  information; or,  • Customers about whom the Associate has information that is not available  publicly.    3. Remedies. In the event of a breach or threatened breach by the Associate of any of  the provisions of this Agreement, the Associate hereby consents and agrees that the Employer  Group shall be entitled to, in addition to other available remedies, a temporary or permanent  injunction or other equitable relief against such breach or threatened breach from any court of  competent jurisdiction, without the necessity of showing any actual damages or that money  damages would not afford an adequate remedy, and without the necessity of posting any bond or  





 






11      other security. The aforementioned equitable relief shall be in addition to, not in lieu of, legal  remedies, monetary damages, or other available forms of relief.    4. Successors and Assigns.    (a) Assignment by the Employer.    To the extent permitted by state law, the Employer may assign this Agreement to any  subsidiary or corporate affiliate in the Employer Group or otherwise, or to any successor  or assign (whether direct or indirect, by purchase, merger, consolidation, or otherwise) to  all or substantially all of the business or assets of the Employer. This Agreement shall  inure to the benefit of the Employer Group and permitted successors and assigns.    (b) No Assignment by the Associate.    The Associate may not assign this Agreement or any part hereof. Any purported  assignment by the Associate shall be null and void from the initial date of purported  assignment.    5. Choice of Law and Forum Selection. This Agreement, and all matters arising out  of or relating to this Agreement, whether sounding in contract, tort, or statute, are governed by,  and construed in accordance with, the laws of the State of North Carolina (including its statutes  of limitations), without giving effect to the conflict of laws provisions thereof to the extent such  principles or rules would require or permit the laws of any jurisdiction other than the State of  North Carolina to apply. Any action or proceeding by either Party to enforce this Agreement  shall be brought only in any state or federal court located in the state of North Carolina, county  of Mecklenburg. The Parties hereby irrevocably submit to the exclusive jurisdiction of such  courts and waive the defense of inconvenient forum to the maintenance of any such action or  proceeding in such venue.    6. Entire Agreement. Unless specifically provided herein, this Agreement contains  all the understandings and representations between the Associate and the Employer pertaining to  the subject matter hereof and supersedes all prior and contemporaneous understandings,  agreements, representations, and warranties, both written and oral, with respect to such subject  matter.    7. Modification and Waiver. No provision of this Agreement may be amended or  modified unless the amendment or modification is agreed to in writing and signed by the  Associate and by the Chief Executive Officer of the Employer. No waiver by either Party of any  breach of any condition or provision of this Agreement to be performed by the other Party shall  be deemed a waiver of any similar or dissimilar provision or condition at the same or any prior or  subsequent time, nor shall the failure of or delay by either Party in exercising any right, power,  or privilege under this Agreement operate as a waiver to preclude any other or further exercise of  any right, power, or privilege.    8. Severability. Should any provision of this Agreement be held by a court of  competent jurisdiction to be enforceable only if modified, or if any portion of this Agreement  shall be held as unenforceable and thus stricken, that holding shall not affect the validity of the  





 






12      remainder of this Agreement, the balance of which shall continue to be binding on the Parties  with any modification to become a part of and treated as though originally set forth in this  Agreement.    The Parties further agree that any such court is expressly authorized to modify  any unenforceable provision of this Agreement instead of severing the unenforceable provision  from this Agreement in its entirety, whether by rewriting the offending provision, deleting any or  all of the offending provision, adding additional language to this Agreement, or by making any  other modifications it deems warranted to carry out the intent and agreement of the Parties as  embodied in this Agreement to the maximum extent permitted by law.    The Parties expressly agree that this Agreement as so modified by the court shall  be binding upon and enforceable against each of them. Should one or more of the provisions of  this Agreement be held to be invalid, illegal, or unenforceable in any respect, that invalidity,  illegality, or unenforceability shall not affect any other provisions of this Agreement, and if such  provision or provisions are not modified as provided above, this Agreement shall be construed as  if such invalid, illegal, or unenforceable provisions had not been set forth in this Agreement.    9. Counterparts. This Agreement may be executed in counterparts, each of which  shall be deemed an original, but all of which taken together shall constitute one and the same  instrument. Delivery of an executed counterpart of this Agreement by facsimile, electronic mail  in portable document format (.pdf), or by any other electronic means intended to preserve the  original graphic and pictorial appearance of a document, has the same effect as delivery of an  executed original of this Agreement.    10. No Preparation for Competition. During the term of the Associate's employment,  Associate agrees not to undertake preparations for competitive activity prohibited by this  Agreement.    11. Notice. If and when Associate's employment with Employer terminates, whether  voluntarily or involuntarily, Associate agrees to provide to any subsequent employer a copy of  this Agreement. In addition, Associate authorizes Employer to provide a copy of this  Agreement to third parties, including but not limited to, Associate's subsequent, anticipated, or  possible future employer.    12. Notwithstanding anything herein to the contrary, nothing in this Agreement shall  (x) prohibit Associate from making reports of possible violations of federal law or regulation to  any governmental agency or entity in accordance with the provisions of and rules promulgated  under Section 21F of the Securities Exchange Act of 1934, as amended, or Section 806 of the  Sarbanes-Oxley Act of 2002, or of any other whistleblower protection provisions of federal law  or regulation, or (y) require notification or prior approval by Employer of any such report;  provided that, Associate is not authorized to disclose communications with counsel that were  made for the purpose of receiving legal advice or that contain legal advice or that are protected  by the attorney work product or similar privilege. Furthermore, Associate shall not be held  criminally or civilly liable under any federal or state trade secret law for the disclosure of a  trade secret that is made (1) in confidence to a federal, state or local government official, either  directly or indirectly, or to an attorney, in each case, solely for the purpose of reporting or  investigating a suspected violation of law or (2) in a complaint or other document filed in a  lawsuit or proceeding, if such filings are made under seal.