Document:

EX-10.1

 Exhibit 10.1 
 C.H. ROBINSON WORLDWIDE, INC. 
 2013 EQUITY INCENTIVE PLAN 

1. Purpose. The purpose of the C.H. Robinson Worldwide, Inc. 2013 Equity Incentive Plan (the “Plan”) is to attract and
retain the best available personnel for positions of responsibility with the Company, to provide additional incentives to them and align their interests with those of the Company’s stockholders, and to thereby promote the Company’s
long-term business success. 
 2. Definitions. In this Plan, the following definitions will apply. 

(a) “Affiliate” means any entity that is a Subsidiary or Parent of the Company. 

(b) “Agreement” means the written or electronic agreement or notice containing the terms and conditions
applicable to each Award granted under the Plan. An Agreement is subject to the terms and conditions of the Plan. 
 (c) “Award” means the grant of a compensatory award under the Plan in the form of an Option, Stock Appreciation Right, Restricted Stock, Stock Unit, or an Other Stock-Based Award. 

(d) “Board” means the Board of Directors of the Company. 

(e) “Cause” means what the term is expressly defined to mean in a then-effective written agreement (including an
Agreement) between a Participant and the Company or any Affiliate, or in the absence of any such then-effective agreement or definition, a Participant’s (i) embezzlement or misappropriation of Company funds or property, (ii) failure
to comply, as determined by the Company, with any applicable confidentiality, noncompetition or data security agreement or obligation, or (iii) failure to comply, as determined by the Company, with any applicable Management-Employee Agreement,
Sales Employee Agreement or other agreement containing post-employment restrictions. 
 (f) “Change in
Control” means any one of the following: 
 (1) An Exchange Act Person becomes the beneficial owner (within
the meaning of Rule 13d-3 under the Exchange Act) of securities of the Company representing more than 50% of the combined voting power of the Company’s then outstanding Voting Securities, except that the following will not constitute a Change
in Control: 
 (A) any acquisition of securities of the Company by an Exchange Act Person directly or indirectly
from the Company for the purpose of providing financing to the Company; 
 (B) any formation of a Group
consisting solely of beneficial owners of the Company’s Voting Securities as of the effective date of this Plan; or 
 (C) any repurchase or other acquisition by the Company of its Voting Securities that causes any Exchange Act Person to become the beneficial owner of more than 50% of the Company’s Voting Securities.

 If, however, an Exchange Act Person or Group referenced in clause (A), (B) or (C) above acquires beneficial
ownership of additional Company Voting Securities after initially becoming the beneficial owner of more than 50% of the combined voting power of the Company’s Voting Securities by one of the means described in those clauses, then a Change in
Control will be deemed to have occurred. 
 (2) Individuals who are Continuing Directors cease for any reason to
constitute a majority of the members of the Board. 
 (3) The consummation of a Corporate Transaction unless,
immediately following such Corporate Transaction, (i) all or substantially all of the Persons who were the beneficial owners of the Company’s Voting Securities immediately prior to such Corporate Transaction beneficially own, directly or
indirectly, at least 60% of the combined voting power of the then outstanding Voting Securities of the surviving or acquiring entity (or its Parent) resulting from such Corporate Transaction in substantially the same proportions as their ownership,
immediately prior to such Corporate Transaction, of the Company’s Voting Securities, or (ii) at least 60% of the directors of the surviving or acquiring entity (or its Parent) are Continuing Directors. 

 Notwithstanding the foregoing, to the extent that any Award constitutes a deferral of
compensation subject to Code Section 409A, and if that Award provides for a change in the time or form of payment upon a Change in Control, then no Change in Control shall be deemed to have occurred upon an event described in this
Section 2(f) unless the event would also constitute a change in ownership or effective control of, or a change in the ownership of a substantial portion of the assets of, the Company under Code Section 409A. 

(g) “Code” means the Internal Revenue Code of 1986, as amended and in effect from time to time, and the
regulations promulgated thereunder. 
 (h) “Committee” means two or more Non-Employee Directors
designated by the Board to administer the Plan under Section 3, each member of which shall be (i) an independent director within the meaning of the rules and regulations of the NASDAQ Stock Market, (ii) a non-employee director within
the meaning of Exchange Act Rule 16b-3, and (iii) an outside director for purposes of Code Section 162(m). The Committee shall be the Compensation Committee of the Board unless otherwise specified by the Board. 

(i) “Company” means C.H. Robinson Worldwide, Inc., a Delaware corporation, or any successor thereto. 

(j) “Continuing Director” means an individual (A) who is, as of the effective date of the Plan, a director
of the Company, or (B) who becomes a director of the Company after the effective date hereof and whose initial election, or nomination for election by the Company’s stockholders, was approved by at least a majority of the then Continuing
Directors, but excluding for purposes of this clause (B) any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest. 

(k) “Corporate Transaction” means (i) a sale or other disposition of all or substantially all of the assets
of the Company, or (ii) a merger, consolidation, statutory share exchange or similar transaction involving the Company, regardless of whether the Company is the surviving corporation. 

(l) “Disability” means (A) any permanent and total disability under any long-term disability plan or policy
of the Company or its Affiliates that covers the Participant, or (B) if there is no such long-term disability plan or policy, “total and permanent disability” within the meaning Code Section 22(e)(3). 

(m) “Employee” means an employee of the Company or an Affiliate. 

(n) “Exchange Act” means the Securities Exchange Act of 1934, as amended and in effect from time to time.

 (o) “Exchange Act Person” means any natural person, entity or Group other than (i) the Company
or any Subsidiary; (ii) any employee benefit plan (or related trust) sponsored or maintained by the Company or any Affiliate; (iii) an underwriter temporarily holding securities in connection with a registered public offering of such
securities; or (iv) an entity whose Voting Securities are beneficially owned by the beneficial owners of the Company’s Voting Securities in substantially the same proportions as their beneficial ownership of the Company’s Voting
Securities. 
 (p) “Fair Market Value” means the fair market value of a Share determined as follows:

 (1) If the Shares are readily tradable on an established securities market (as determined under Code
Section 409A), then Fair Market Value will be the closing sales price for a Share on the principal securities market on which it trades on the date for which it is being determined, or if no sale of Shares occurred on that date, on the next
preceding date on which a sale of Shares occurred, as reported in The Wall Street Journal or such other source as the Committee deems reliable; or 
 (2) If the Shares are not then readily tradable on an established securities market (as determined under Code Section 409A), then Fair Market Value will be determined by the Committee as the result
of a reasonable application of a reasonable valuation method that satisfies the requirements of Code Section 409A. 
 (q) “Full Value Award” means an Award other than an Option or Stock Appreciation Right. 
 (r) “Good Reason” means what the term is expressly defined to mean in a then-effective written agreement (including an Agreement) between a Participant and the Company or any Affiliate, or in
the absence of any such then-effective agreement or definition, any of the following acts by the Company or the Affiliate to which the Participant provides Service and which occur without the Participant’s consent: (i) a material
diminution in the Participant’s authority, duties or responsibilities; (ii) requiring the Participant to be 

  
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based or to regularly perform Services at any location that is in excess of 50 miles from the principal location at which the Participant previously provided Services; or (iii) a material
reduction in the Participant’s base salary or other material adverse change in the elements of compensation provided to Participant (other than a reduction or change applied generally to all salaried employees of the Company). Notwithstanding
the foregoing, Good Reason shall not exist unless the Participant shall have first provided written notice to the Company of the occurrence of one or more of the conditions under clauses (i) through (iii) of this paragraph within 90 days
of the condition’s initial occurrence, and such condition is not fully remedied by the Company within 30 days after the Company’s receipt of written notice from you. 

(s) “Grant Date” means the date on which the Committee approves the grant of an Award under the Plan, or such
later date as may be specified by the Committee on the date the Committee approves the Award. 
 (t)
“Group” means two or more persons acting as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Company. 

(u) “Non-Employee Director” means a member of the Board who is not an Employee. 

(v) “Option” means a right granted under the Plan to purchase a specified number of Shares at a specified price.
An “Incentive Stock Option” or “ISO” means any Option designated as such and granted in accordance with the requirements of Code Section 422. A “Non-Qualified Stock Option” means an Option other than an Incentive
Stock Option. 
 (w) “Other Stock-Based Award” means an Award described in Section 11 of this
Plan. 
 (x) “Parent” means a “parent corporation,” as defined in Code Section 424(e).

 (y) “Participant” means a person to whom an Award is or has been made in accordance with the Plan.

 (z) “Performance-Based Compensation” means an Award to a person who is, or is determined by the
Committee to likely become, a “covered employee” (as defined in Code Section 162(m)(3)) and that is intended to constitute “performance-based compensation” within the meaning of Section 162(m)(4)(C) of the Code.

 (aa) “Plan” means this C.H. Robinson Worldwide, Inc. 2013 Equity Incentive Plan, as amended and in
effect from time to time. 
 (bb) “Prior Plan” means the C.H. Robinson Worldwide, Inc. 1997 Omnibus
Stock Plan, as amended and restated as of the effective date of this Plan. 
 (cc) “Restricted Stock”
means Shares issued to a Participant that are subject to such restrictions on transfer, forfeiture conditions and other restrictions or limitations as may be set forth in this Plan and the applicable Agreement. 

(dd) “Service” means the provision of services by a Participant to the Company or any Affiliate in any Service
Provider capacity. A Service Provider’s Service shall be deemed to have terminated either upon an actual cessation of providing services or upon the entity for which the Service Provider provides services ceasing to be an Affiliate. Except as
otherwise provided in this Plan or any Agreement, Service shall not be deemed terminated in the case of (i) any approved leave of absence; (ii) transfers among the Company and any Affiliates in any Service Provider capacity; or
(iii) any change in status so long as the individual remains in the service of the Company or any Affiliate in any Service Provider capacity. 
 (ee) “Service Provider” means an Employee, a Non-Employee Director, or any consultant or advisor who is a natural person and who provides services (other than in connection with (i) a
capital-raising transaction or (ii) promoting or maintaining a market in Company securities) to the Company or any Affiliate. 
 (ff) “Share” means a share of Stock. 
 (gg)
“Stock” means the common stock, $0.10 par value, of the Company. 
 (hh) “Stock Appreciation
Right” or “SAR” means the right to receive, in cash and/or Shares as determined by the Committee, an amount equal to the appreciation in value of a specified number of Shares between the Grant Date of the SAR and its exercise date.

 (ii) “Stock Unit” means a right to receive, in cash and/or Shares as determined by the Committee,
the Fair Market Value of one or more Shares, subject to such restrictions on transfer, forfeiture conditions and other restrictions or limitations as may be set forth in this Plan and the applicable Agreement. 

  
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 (jj) “Subsidiary” means a “subsidiary corporation,” as
defined in Code Section 424(f), of the Company. 
 (kk) “Substitute Award” means an Award granted
upon the assumption of, or in substitution or exchange for, outstanding awards granted by a company or other entity acquired by the Company or any Affiliate or with which the Company or any Affiliate combines. 

(ll) “Voting Securities” of an entity means the outstanding equity securities entitled to vote generally in the
election of directors of such entity. 
 3. Administration of the Plan. 

(a) Administration. The authority to control and manage the operations and administration of the Plan shall be
vested in the Committee in accordance with this Section 3. 
 (b) Scope of Authority. Subject to the
terms of the Plan, the Committee shall have the authority, in its discretion, to take such actions as it deems necessary or advisable to administer the Plan, including: 

(1) determining the Service Providers to whom Awards will be granted, the timing of each such Award, the types of Awards
and the number of Shares or amount of cash covered by each Award, the terms, conditions, performance criteria, restrictions and other provisions of Awards, and the manner in which Awards are paid or settled; 

(2) cancelling or suspending an Award, accelerating the vesting or extending the exercise period of an Award, or otherwise
amending the terms and conditions of any outstanding Award, subject to the requirements of Sections 6(b), 15(d) and 15(e); 
 (3) establishing, amending or rescinding rules to administer the Plan, interpreting the Plan and any Award or Agreement made under the Plan, correcting any defect or omission or reconciling any
inconsistency in the Plan and any Award or Agreement, and making all other determinations necessary or desirable for the administration of the Plan; and 
 (4) taking such actions as are described in Section 3(c) with respect to Awards to foreign Service Providers. 
 (c) Awards to Foreign Service Providers. The Committee may grant Awards to Service Providers who are foreign nationals, who are located outside of the United States or who are not compensated from
a payroll maintained in the United States, or who are otherwise subject to (or could cause the Company to be subject to) legal or regulatory requirements of countries outside of the United States, on such terms and conditions different from those
specified in the Plan as may, in the judgment of the Committee, be necessary or desirable to comply with applicable foreign laws and regulatory requirements and to promote achievement of the purposes of the Plan. In connection therewith, the
Committee may establish such subplans and modify exercise procedures and other Plan rules and procedures to the extent such actions are deemed necessary or desirable, and may take any other action that it deems advisable to obtain local regulatory
approvals or to comply with any necessary local governmental regulatory exemptions. 
 (d) Acts of the
Committee; Delegation. A majority of the members of the Committee shall constitute a quorum for any meeting of the Committee, and any act of a majority of the members present at any meeting at which a quorum is present or any act unanimously
approved in writing by all members of the Committee shall be the act of the Committee. Any such action of the Committee shall be valid and effective even if the members of the Committee at the time of such action are later determined not to have
satisfied all of the criteria for membership in clauses (i), (ii) and (iii) of Section 2(h). To the extent not inconsistent with applicable law or stock exchange rules, the Committee may delegate all or any portion of its authority
under the Plan to any one or more of its members or, as to Awards to Participants who are not subject to Section 16 of the Exchange Act, to one or more directors or executive officers of the Company. The Committee may also delegate
non-discretionary administrative responsibilities in connection with the Plan to such other persons as it deems advisable. 
 (e) Finality of Decisions. The Committee’s interpretation of the Plan and of any Award or Agreement made under the Plan and all related decisions or resolutions of the Board or Committee shall
be final and binding on all parties with an interest therein. 

  
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 (f) Indemnification. Each person who is or has been a member of the
Committee or of the Board, and any other person to whom the Committee delegates authority under the penultimate sentence of Section 3(d), shall be indemnified by the Company, to the maximum extent permitted by law, against liabilities and
expenses imposed upon or reasonably incurred by such person in connection with or resulting from any claims against such person by reason of the performance of the individual’s duties under the Plan. This right to indemnification is conditioned
upon such person providing the Company an opportunity, at the Company’s expense, to handle and defend the claims before such person undertakes to handle and defend them on such person’s own behalf. The Company will not be required to
indemnify any person for any amount paid in settlement of a claim unless the Company has first consented in writing to the settlement. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such
person or persons may be entitled under the Company’s Certificate of Incorporation or Bylaws, as a matter of law, or otherwise. 
 4. Shares Available Under the Plan. 
 (a) Maximum Shares
Available. Subject to Section 4(b) and to adjustment as provided in Section 12(a), the number of Shares that may be the subject of Awards and issued under the Plan shall be 3,400,000, plus any Shares of Common Stock remaining available
for future grants under the Prior Plan on the effective date of this Plan. No more than 80 percent of the total Shares available for issuance under the Plan as provided in the previous sentence, including the unused Shares carried over from the
Prior Plan, may be the subject of Full Value Awards. After the effective date of the Plan, no additional awards may be granted under the Prior Plan. Shares issued under the Plan may come from authorized and unissued shares or treasury shares. In
determining the number of Shares to be counted against the Plan’s share reserve in connection with any Award, the following rules shall apply: 
 (1) Where the number of Shares subject to an Award is variable on the Grant Date, the number of Shares to be counted against the share reserve prior to the settlement of the Award shall be the maximum
number of Shares that could be received under that particular Award. 
 (2) Where two or more types of Awards are
granted to a Participant in tandem with each other, such that the exercise of one type of Award with respect to a number of Shares cancels at least an equal number of Shares of the other, the number of Shares to be counted against the share reserve
shall be the largest number of Shares that would be counted against the share reserve under either of the Awards. 
 (3) Substitute Awards shall not be counted against the share reserve, nor shall they reduce the Shares authorized for grant to a Participant in any calendar year. 

(b) Effect of Forfeitures and Other Actions. Any Shares subject to an Award, or to an award granted under the Prior
Plan that is outstanding on the effective date of this Plan (a “Prior Plan Award”), that is forfeited, terminated or expires or is settled for cash shall, to the extent of such forfeiture, termination, expiration or cash settlement, become
available for future Awards under this Plan, and the total number of Shares available for grant under Section 4(a) shall be correspondingly increased. The following Shares shall not, however, become available for future Awards or increase the
number of Shares available for grant under Section 4(a): (i) Shares tendered by the Participant or withheld by the Company in payment of the purchase price of a stock option issued under this Plan or the Prior Plan, (ii) Shares
tendered by the Participant or withheld by the Company to satisfy any tax withholding obligation with respect to any awards under this Plan or the Prior Plan, (iii) Shares repurchased by the Company with proceeds received from the exercise of a
stock option issued under this Plan or the Prior Plan, and (iv) Shares subject to a stock option or stock appreciation rights award issued under this Plan or the Prior Plan that are not issued in connection with the stock settlement of that
award upon its exercise. 
 (c) Effect of Plans Operated by Acquired Companies. If a company acquired by
the Company or any Subsidiary or with which the Company or any Subsidiary combines has shares available under a pre-existing plan approved by stockholders and not adopted in contemplation of such acquisition or combination, the shares available for
grant pursuant to the terms of such pre-existing plan (as adjusted, to the extent appropriate, using the exchange ratio or other adjustment or valuation ratio or formula used in such acquisition or combination to determine the consideration payable
to the holders of common stock of the entities party to such acquisition or combination) may be used for Awards under the Plan and shall not reduce the Shares authorized for grant under the Plan. Awards using such available shares shall not be made
after the date awards or grants could have been made under the terms of the pre-existing plan, absent the acquisition or combination, and shall only be made to individuals who were not Employees or Non-Employee Directors prior to such acquisition or
combination. 

  
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 (d) No Fractional Shares. Unless otherwise determined by the
Committee, the number of Shares subject to an Award shall always be a whole number. No fractional Shares may be issued under the Plan, but the Committee may, in its discretion, either pay cash in lieu of any fractional Share in settlement of an
Award or eliminate any fractional Share. 
 (e) Individual Option and SAR Limit. The aggregate number of
Shares subject to Options and/or Stock Appreciation Rights granted during any calendar year to any one Participant shall not exceed 500,000 Shares, subject to adjustment as provided in Section 12(a). 

5. Eligibility. Participation in the Plan is limited to Service Providers. Incentive Stock Options may only be granted to
Employees. 
 6. General Terms of Awards. 

(a) Award Agreement. Except for any Award that involves only the immediate issuance of unrestricted Shares, each
Award shall be evidenced by an Agreement setting forth the number of Shares subject to the Award together with such other terms and conditions applicable to the Award (and not inconsistent with the Plan) as determined by the Committee. An Award to a
Participant may be made singly or in combination with any form of Award. Two types of Awards may be made in tandem with each other such that the exercise of one type of Award with respect to a number of Shares reduces the number of Shares subject to
the related Award by at least an equal amount. 
 (b) Vesting and Term. Each Agreement shall set forth the
period until the applicable Award is scheduled to expire (which shall not be more than ten years from the Grant Date), and any applicable performance period. The Committee may provide in an Agreement for such vesting conditions as it may determine,
subject to the following limitations: 
 (1) A Full Value Award that vests solely as the result of the passage of
time and continued Service by the Participant shall be subject to a vesting period of not less than three years from the applicable Grant Date (but permitting pro rata vesting over such vesting period); and 

(2) A Full Value Award whose vesting is subject to the satisfaction of performance goals over a performance period shall
be subject to a performance period of not less than one year. 
 The minimum vesting periods specified in clauses (1) and
(2) above will not, however, apply: (i) to Awards made in payment of or exchange for other earned compensation (including performance-based Awards); (ii) upon a Change in Control; (iii) to termination of Service due to death or
Disability; (iv) to a Substitute Award that does not reduce the vesting period of the award being replaced; and (v) to Awards involving an aggregate number of Shares not in excess of 5% of the number of Shares available for Awards under
Section 4(a). 
 (c) Transferability. Except as provided in this Section 6(c), and except for an
Award that involves only the immediate issuance of unrestricted Shares, (i) during the lifetime of a Participant, only the Participant or the Participant’s guardian or legal representative may exercise an Option or SAR, or receive payment
with respect to any other Award; and (ii) no Award may be sold, assigned, transferred, exchanged or encumbered other than by will or the laws of descent and distribution. Any attempted transfer in violation of this Section 6(c) shall be of
no effect and unenforceable against the Company or any Affiliate. The Committee may, however, provide in an Agreement or otherwise that an Award (other than an Incentive Stock Option) may be transferred pursuant to a qualified domestic relations
order or may be transferable by gift to any “family member” (as defined in General Instruction A(5) to Form S-8 under the Securities Act of 1933) of the Participant. Any Award held by a transferee shall continue to be subject to the same
terms and conditions that were applicable to that Award immediately before the transfer thereof. For purposes of any provision of the Plan relating to notice to a Participant or to acceleration or termination of an Award upon the death or
termination of employment of a Participant, the references to “Participant” shall mean the original grantee of an Award and not any transferee. 
 (d) Designation of Beneficiary. To the extent permitted by the Committee, a Participant may designate a beneficiary or beneficiaries to exercise any Award or receive a payment under any Award
payable on or after the Participant’s death. Any such designation shall be on a form approved by the Committee and shall be effective upon its receipt by the Company. 

  
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 (e) Termination of Service. Unless otherwise provided in an
Agreement, and subject to Section 12 of this Plan, if a Participant’s Service with the Company and all of its Affiliates terminates, the following provisions shall apply (in all cases subject to the scheduled expiration of an Option or
Stock Appreciation Right, as applicable): 
 (1) Upon termination of Service for Cause, or conduct during a
post-termination exercise period that would constitute Cause, all unexercised Options and SARs and all unvested portions of any other outstanding Awards shall be immediately forfeited without consideration. 

(2) Upon termination of Service for any other reason, all unvested and unexercisable portions of any outstanding Awards
shall be immediately forfeited without consideration. 
 (3) Upon termination of Service for any reason other
than Cause, death or Disability, the currently vested and exercisable portions of Options and SARs may be exercised for a period of three months after the date of such termination. However, if a Participant thereafter dies during such three-month
period, the vested and exercisable portions of the Options and SARs may be exercised for a period of one year after the date of such termination. 
 (4) Upon termination of Service due to death or Disability, the currently vested and exercisable portions of Options and SARs may be exercised for a period of one year after the date of such termination.

 (f) Rights as Stockholder. No Participant shall have any rights as a stockholder with respect to any
Shares covered by an Award unless and until the date the Participant becomes the holder of record of the Shares, if any, to which the Award relates. 
 (g) Performance-Based Awards. Any Award may be granted as a performance-based Award if the Committee establishes one or more measures of corporate, business unit or individual performance which
must be attained, and the performance period over which the specified performance is to be attained, as a condition to the vesting, exercisability, lapse of restrictions and/or settlement in cash or Shares of such Award. In connection with any such
Award, the Committee shall determine the extent to which performance goals have been attained and other applicable terms and conditions have been satisfied, and the degree to which vesting, exercisability, lapse of restrictions and/or settlement in
cash or Shares of such Award has been earned. Any performance-based Award that is intended by the Committee to qualify as Performance-Based Compensation shall additionally be subject to the requirements of Section 17 of this Plan. Except as
provided in Section 17 with respect to Performance-Based Compensation, the Committee shall also have the authority to provide, in an Agreement or otherwise, for the modification of a performance period and/or an adjustment or waiver of the
achievement of performance goals upon the occurrence of certain events, which may include a Change in Control, a Corporate Transaction, a recapitalization, a change in the accounting practices of the Company, or the Participant’s death or
Disability. 
 (h) Dividends and Dividend Equivalents. No dividends, dividend equivalents or distributions
will be paid with respect to Shares subject to an Option or SAR. Any dividends or distributions, other than regular cash dividends, that are paid with respect to Shares that are subject to the unvested portion of a Restricted Stock Award will be
subject to the same restrictions as the Shares to which such dividends or distributions relate. In its discretion, the Committee may provide in an Award Agreement for a Stock Unit Award or an Other Stock-Based Award that the Participant will be
entitled to receive dividend equivalents on the units or other Share equivalents subject to the Award based on dividends actually declared on outstanding Shares. The terms of any dividend equivalents will be as set forth in the applicable Agreement,
including the time and form of payment and whether such dividend equivalents will be credited with interest or deemed to be reinvested in additional units or Share equivalents. The Committee may, in its discretion, provide in an Agreement for
restrictions on dividends and dividend equivalents in addition to those specified in this Section 6(h). 

(i) Deferrals of Full Value Awards. The Committee may, in its discretion, permit or require the deferral by a
Participant of the issuance of Shares or payment of cash in settlement of any Full Value Award, subject to such terms, conditions, rules and procedures as it may establish or prescribe for such purpose and subject further to compliance with the
applicable requirements of Code Section 409A. The terms, conditions, rules and procedures for any such deferral shall be set forth in writing in the relevant Agreement or in such other agreement, plan or other document as the Committee may
determine, including the Robinson Companies 

  
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Nonqualified Deferred Compensation Plan, as amended (the “NQDC Plan”), or some combination of such documents. The terms, conditions, rules and procedures for any such deferral shall
address, to the extent relevant, matters such as: (i) the permissible time(s) and form(s) of payment of deferred amounts; (ii) the terms of any deferral elections by a Participant or of any deferral required by the Company; and
(iii) the crediting of interest or dividend equivalents on deferred amounts. To the extent that any such deferral is effected in accordance with the NQDC Plan, the stock units credited to the NQDC Plan account of a Participant shall be deemed
Stock Units for purposes of this Plan, and if settled in Shares, such Shares shall be drawn from and charged against the Plan’s share reserve. 
 7. Stock Option Awards. 
 (a) Type and Exercise
Price. The Agreement pursuant to which an Option is granted shall specify whether the Option is an Incentive Stock Option or a Non-Qualified Stock Option. The exercise price at which each Share subject to an Option may be purchased shall be
determined by the Committee and set forth in the Agreement, and shall not be less than the Fair Market Value of a Share on the Grant Date, except in the case of Substitute Awards (to the extent consistent with Code Section 409A). 

(b) Payment of Exercise Price. The purchase price of the Shares with respect to which an Option is exercised shall
be payable in full at the time of exercise, which may include, to the extent permitted by the Committee, payment under a broker-assisted sale and remittance program acceptable to the Committee. The purchase price may be paid in cash or in such other
manner as the Committee may permit, including by withholding Shares otherwise issuable to the Participant upon exercise of the Option or by delivery to the Company of Shares (by actual delivery or attestation) already owned by the Participant (in
each case, such Shares having a Fair Market Value as of the date the Option is exercised equal to the purchase price of the Shares being purchased). 
 (c) Exercisability and Expiration. Each Option shall be exercisable in whole or in part on the terms provided in the Agreement. No Option shall be exercisable at any time after its scheduled
expiration. When an Option is no longer exercisable, it shall be deemed to have terminated. 
 (d) Incentive
Stock Options. 
 (1) An Option will constitute an Incentive Stock Option only if the Participant receiving
the Option is an Employee, and only to the extent that (i) it is so designated in the applicable Agreement and (ii) the aggregate Fair Market Value (determined as of the Option’s Grant Date) of the Shares with respect to which
Incentive Stock Options held by the Participant first become exercisable in any calendar year (under the Plan and all other plans of the Company and its Affiliates) does not exceed $100,000 or such other amount specified by the Code. To the extent
an Option granted to a Participant exceeds this limit, the Option shall be treated as a Non-Qualified Stock Option. The maximum number of Shares that may be issued upon the exercise of Incentive Stock Options shall be the total number of Shares in
the Plan’s share reserve as specified in the first sentence of section 4(a), subject to adjustment as provided in Section 12(a) 
 (2) No Participant may receive an Incentive Stock Option under the Plan if, immediately after the grant of such Award, the Participant would own (after application of the rules contained in Code
Section 424(d)) Shares possessing more than 10% of the total combined voting power of all classes of stock of the Company or an Affiliate, unless (i) the option price for that Incentive Stock Option is at least 110% of the Fair Market
Value of the Shares subject to that Incentive Stock Option on the Grant Date and (ii) that Option will expire no later than five years after its Grant Date. 

(3) For purposes of continued Service by a Participant who has been granted an Incentive Stock Option, no approved leave
of absence may exceed three months unless reemployment upon expiration of such leave is provided by statute or contract. If reemployment is not so provided, then on the date six months following the first day of such leave, any Incentive Stock
Option held by the Participant shall cease to be treated as an Incentive Stock Option and shall be treated for tax purposes as a Non-Qualified Stock Option. 
 (4) If an Incentive Stock Option is exercised after the expiration of the exercise periods that apply for purposes of Code Section 422, such Option shall thereafter be treated as a Non-Qualified
Stock Option. 

  
 8 

 (5) The Agreement covering an Incentive Stock Option shall contain such
other terms and provisions that the Committee determines necessary to qualify the Option as an Incentive Stock Option. 
 8.
Stock Appreciation Rights. 
 (a) Nature of Award. An Award of Stock Appreciation Rights shall be
subject to such terms and conditions as are determined by the Committee, and shall provide a Participant the right to receive upon exercise of the SAR Award all or a portion of the excess of (i) the Fair Market Value as of the date of exercise
of the SAR Award of the number of Shares as to which the SAR Award is being exercised, over (ii) the aggregate exercise price for such number of Shares. The per Share exercise price for any SAR Award shall be determined by the Committee and set
forth in the applicable Agreement, and shall not be less than the Fair Market Value of a Share on the Grant Date, except in the case of Substitute Awards (to the extent consistent with Code Section 409A). 

(b) Exercise of SAR. Each Stock Appreciation Right may be exercisable in whole or in part at the times, on the
terms and in the manner provided in the Agreement. No SAR shall be exercisable at any time after its scheduled expiration. When a SAR Right is no longer exercisable, it shall be deemed to have terminated. Upon exercise of a SAR, payment to the
Participant shall be made at such time or times as shall be provided in the Agreement in the form of cash, Shares or a combination of cash and Shares as determined by the Committee. The Agreement may provide for a limitation upon the amount or
percentage of the total appreciation on which payment (whether in cash and/or Shares) may be made in the event of the exercise of a SAR. 
 9. Restricted Stock Awards. 
 (a) Vesting and
Consideration. Shares subject to a Restricted Stock Award shall be subject to vesting conditions, and the corresponding lapse or waiver of forfeiture conditions and other restrictions, based on such factors and occurring over such period of time
as the Committee may determine in its discretion. The Committee may provide whether any consideration other than Services must be received by the Company or any Affiliate as a condition precedent to the grant of a Restricted Stock Award, and may
correspondingly provide for Company repurchase rights if such additional consideration has been required and some or all of a Restricted Stock Award does not vest. 

(b) Shares Subject to Restricted Stock Awards. Unvested Shares subject to a Restricted Stock Award shall be
evidenced by a book-entry in the name of the Participant with the Company’s transfer agent. Any such book-entry shall be subject to transfer restrictions and accompanied by corresponding stop transfer instructions. Upon the vesting of Shares of
Restricted Stock and the corresponding lapse of the restrictions and forfeiture conditions, the corresponding transfer restrictions will be removed from the book-entry evidencing such Shares. Such vested Shares may, however, remain subject to
additional restrictions as provided in Section 18(c). Except as otherwise provided in the Plan or an applicable Agreement (which may include a waiver by the Participant of the right to vote or receive any dividend or distribution with respect
to Shares of Restricted Stock), a Participant with a Restricted Stock Award shall have all the rights of a stockholder with respect to the Shares of Restricted Stock subject thereto. 

10. Stock Unit Awards. 
 (a) Vesting and Consideration. A Stock Unit Award shall be subject to vesting conditions, and the corresponding lapse or waiver of forfeiture conditions and other restrictions, based on such
factors and occurring over such period of time as the Committee may determine in its discretion. The Committee may provide whether any consideration other than Services must be received by the Company or any Affiliate as a condition precedent to the
settlement of a Stock Unit Award. 
 (b) Payment of Award. Following the vesting of a Stock Unit Award,
settlement of the Award and payment to the Participant shall be made at such time or times in the form of cash, Shares (which may themselves be considered Restricted Stock under the Plan subject to restrictions on transfer and forfeiture conditions)
or a combination of cash and Shares as determined by the Committee. If the Stock Unit Award is not by its terms exempt from the requirements of Code Section 409A, then the applicable Agreement shall contain terms and conditions intended to
avoid adverse tax consequences specified in Code Section 409A. 

  
 9 

 11. Other Stock-Based Awards. The Committee may from time to time grant Shares and
other Awards that are valued by reference to and/or payable in whole or in part in Shares under the Plan. The Committee, in its sole discretion, shall determine the terms and conditions of such Awards, which shall be consistent with the terms and
purposes of the Plan. The Committee may, in its sole discretion, direct the Company to issue Shares subject to restrictive legends and/or stop transfer instructions that are consistent with the terms and conditions of the Award to which the Shares
relate. 
 12. Changes in Capitalization, Corporate Transactions, Change in Control. 

(a) Adjustments for Changes in Capitalization. In the event of any equity restructuring (within the meaning of FASB
ASC Topic 718—Stock Compensation, or any successor provision) that causes the per share value of Shares to change, such as a stock dividend, stock split, spinoff, rights offering or recapitalization through an extraordinary dividend, the
Committee shall make such adjustments as it deems equitable and appropriate to (i) the aggregate number and kind of Shares or other securities issued or reserved for issuance under the Plan, (ii) the number and kind of Shares or other
securities subject to outstanding Awards, (iii) the exercise price of outstanding Options and SARs, and (iv) any maximum limitations prescribed by the Plan with respect to certain types of Awards or the grants to individuals of certain
types of Awards. In the event of any other change in corporate capitalization, including a merger, consolidation, reorganization, or partial or complete liquidation of the Company, such equitable adjustments described in the foregoing sentence may
be made as determined to be appropriate and equitable by the Committee to prevent dilution or enlargement of rights of Participants. In either case, any such adjustment shall be conclusive and binding for all purposes of the Plan. No adjustment
shall be made pursuant to this Section 12(a) in connection with the conversion of any convertible securities of the Company, or in a manner that would cause Incentive Stock Options to violate Section 422(b) of the Code or cause an Award to
be subject to adverse tax consequences under Section 409A of the Code. 
 (b) Change in Control
Consequences. Unless otherwise provided by the Committee (in an applicable Agreement), upon a Change in Control any outstanding Option and SAR Awards shall become fully vested and exercisable and any outstanding Full Value Awards shall fully
vest and deliver. 
 (c) Dissolution or Liquidation. Unless otherwise provided by the Committee (in an
applicable Agreement or otherwise at the time of the event), if the stockholders of the Company approve the complete dissolution or liquidation of the Company, all outstanding Awards shall vest and become fully exercisable, and will terminate
immediately prior to the consummation of any such proposed action. The Committee will notify each Participant as soon as practicable of such accelerated vesting and exercisability and pending termination. 

13. Plan Participation and Service Provider Status. Status as a Service Provider shall not be construed as a commitment that any
Award will be made under the Plan to that Service Provider or to eligible Service Providers generally. Nothing in the Plan or in any Agreement or related documents shall confer upon any Service Provider or Participant any right to continued Service
with the Company or any Affiliate, nor shall it interfere with or limit in any way any right of the Company or any Affiliate to terminate the person’s Service at any time with or without Cause or change such person’s compensation, other
benefits, job responsibilities or title. 
 14. Tax Withholding. The Company or any Affiliate, as applicable, shall have
the right to (i) withhold from any cash payment under the Plan or any other compensation owed to a Participant an amount sufficient to cover any required withholding taxes related to the grant, vesting, exercise or settlement of an Award, and
(ii) require a Participant or other person receiving Shares under the Plan to pay a cash amount sufficient to cover any required withholding taxes before actual receipt of those Shares. In lieu of all or any part of a cash payment from a person
receiving Shares under the Plan, the Committee may permit the individual to cover all or any part of the required withholdings (up to the Participant’s minimum required tax withholding rate) through a reduction in the number of Shares delivered
or through a delivery (either actually or by attestation) to the Company of Shares held by the Participant or other person, in each case valued in the same manner as used in computing the withholding taxes under applicable laws. 

15. Effective Date, Duration, Amendment and Termination of the Plan. 

(a) Effective Date. The Plan shall become effective on the date it is approved by the Company’s stockholders,
which shall be considered the date of its adoption for purposes of Treasury Regulation §1.422- 2(b)(2)(i). No Awards shall be made under the Plan prior to its effective date. If the Company’s stockholders fail to approve the Plan within 12
months of its approval by the Board, the Plan shall be of no further force or effect. 

  
 10 

 (b) Duration of the Plan. The Plan shall remain in effect until all
Shares subject to it shall be distributed, all Awards have expired or terminated, the Plan is terminated pursuant to Section 15(c), or the tenth anniversary of the effective date of the Plan, whichever occurs first (the “Termination
Date”). Any Award made before the Termination Date may extend beyond the Termination Date and will continue to be subject to the terms of the Plan and the applicable Agreement, and the authority of the Committee provided for hereunder with
respect to the Plan and any Awards, and the authority of the Board of Directors of the Company to amend the Plan, shall extend beyond the Termination Date. 
 (c) Amendment and Termination of the Plan. The Board may at any time terminate, suspend or amend the Plan. The Company shall submit any amendment of the Plan to its stockholders for approval only
to the extent required by applicable laws or regulations or the rules of any securities exchange on which the Shares may then be listed. No termination, suspension, or amendment of the Plan may materially impair the rights of any Participant under a
previously granted Award without the Participant’s consent, unless such action is necessary to comply with applicable law or stock exchange rules. 
 (d) Amendment of Awards. Subject to Section 15(e), the Committee may unilaterally amend the terms of any Agreement previously granted, except that no such amendment may materially impair the
rights of any Participant under the applicable Award without the Participant’s consent, unless such amendment is necessary to comply with applicable law, stock exchange rules or any compensation recovery policy as provided in
Section 18(i)(2). 
 (e) No Option or Stock Appreciation Right Repricing. Except as provided in
Section 12(a), no Option or SAR Award granted under the Plan may be (i) amended to decrease the exercise price thereof, (ii) cancelled in conjunction with the grant of any new Option or SAR Award with a lower exercise price,
(iii) cancelled in exchange for cash, other property or the grant of any Full Value Award at a time when the exercise price of the Option or SAR Award is greater than the current Fair market Value of a Share, or (iv) otherwise subject to
any action that would be treated under accounting rules as a “repricing” of such Option or SAR Award, unless such action is approved by the Company’s stockholders. 

16. Substitute Awards. The Committee may also grant Awards under the Plan in substitution for, or in connection with the
assumption of, existing awards granted or issued by another corporation and assumed or otherwise agreed to be provided for by the Company pursuant to or by reason of a transaction involving a merger, consolidation, acquisition of property or stock,
separation, reorganization or liquidation to which the Company or an Affiliate is a party. The terms and conditions of the Substitute Awards may vary from the terms and conditions set forth in the Plan to the extent that the Board at the time of the
grant may deem appropriate to conform, in whole or in part, to the provisions of the awards in substitution for which they are granted. 
 17. Performance-Based Compensation. 
 (a) Designation of
Awards. If the Committee determines at the time a Full Value Award is granted to a Participant that such Participant is, or may likely be, a “covered employee” for purposes of Code Section 162(m) as of the end of the tax year in
which the Company would ordinarily claim a tax deduction in connection with such Award, then the Committee may provide that this Section 17 will be applicable to such Award, which shall be considered Performance-Based Compensation. 

(b) Compliance with Code Section 162(m). If an Award is subject to this Section 17, then the lapsing of
restrictions thereon and the distribution of cash, Shares or other property pursuant thereto, as applicable, shall be subject to the achievement over the applicable performance period of one or more performance goals based on one or more of the
performance measures specified in Section 17(d). The Committee will select the applicable performance measure(s) and specify the performance goal(s) based on those performance measures for any performance period, specify in terms of an
objective formula or standard the method for calculating the amount payable to a Participant if the performance goal(s) are satisfied, and certify the degree to which applicable performance goals have been satisfied and any amount that vests and is
payable in connection with an Award subject to this Section 17, all within the time periods prescribed by and consistent with the other requirements of Code Section 162(m). In specifying the performance goals applicable to any performance
period, the Committee may provide that one or more objectively determinable adjustments shall be made to 

  
 11 

 
the performance measures on which the performance goals are based, which may include adjustments that would cause such measures to be considered “non-GAAP financial measures” within the
meaning of Rule 101 under Regulation G promulgated by the Securities and Exchange Commission. The Committee may also adjust performance measures for a performance period to the extent permitted by Code Section 162(m) in connection with an event
described in Section 12(a) to prevent the dilution or enlargement of a Participant’s rights with respect to Performance-Based Compensation. The Committee may adjust downward, but not upward, any amount determined to be otherwise payable in
connection with such an Award. The Committee may also provide, in an Agreement or otherwise, that the achievement of specified performance goals in connection with an Award subject to this Section 17 may be waived upon the death or Disability
of the Participant or under any other circumstance with respect to which the existence of such possible waiver will not cause the Award to fail to qualify as “performance-based compensation” under Code Section 162(m). 

(c) Limitations. Subject to adjustment as provided in Section 12(a), the maximum number of Shares that may be
the subject of Full Value Awards of Performance-Based Compensation that are denominated in Shares or Share equivalents and that are granted to any Participant during any calendar year shall not exceed 500,000 Shares. The maximum amount payable with
respect to any Full Value Awards that are denominated other than in Shares or Share equivalents and that are granted to any one Participant during any calendar year shall not exceed $10,000,000. 

(d) Performance Measures. For purposes of any Full Value Award considered Performance-Based Compensation subject to
this Section 17, the performance measures to be utilized shall be limited to one or a combination of two or more of the following: sales values; volume; revenue; income from operations; net sales; net earnings; earnings before one or more of
interest expense, interest income, taxes, depreciation, amortization or incentive compensation expense; profitability as measured by return ratios (including, but not limited to, return on assets, return on equity, return on costs, return on
invested or average capital employed and return on net sales) or by the degree to which any of the foregoing earnings measures exceed a percentage of revenue or net sales; cash flow; market share; margins (including, but not limited to, one or more
of gross, operating and net earnings margins); stock price; economic value; cumulative total return to shareholders; asset quality; non-performing assets; operating assets; improvement in or attainment of expense levels or cost savings; and
improvement in or attainment of working capital levels. Any performance goal based on one or more of the foregoing performance measures may be expressed in absolute amounts, on a per share basis (basic or diluted), as a growth rate or change from
preceding periods, or as a comparison to the performance of specified companies or other external measures, and may relate to one or any combination of corporate, group, unit, division, Affiliate or individual performance. 

18. Other Provisions. 
 (a) Unfunded Plan. The Plan shall be unfunded and the Company shall not be required to segregate any assets that may at any time be represented by Awards under the Plan. Neither the Company, its
Affiliates, the Committee, nor the Board shall be deemed to be a trustee of any amounts to be paid under the Plan nor shall anything contained in the Plan or any action taken pursuant to its provisions create or be construed to create a fiduciary
relationship between the Company and/or its Affiliates, and a Participant. To the extent any person has or acquires a right to receive a payment in connection with an Award under the Plan, this right shall be no greater than the right of an
unsecured general creditor of the Company. 
 (b) Limits of Liability. Except as may be required by law,
neither the Company nor any member of the Board or of the Committee, nor any other person participating (including participation pursuant to a delegation of authority under Section 3(c) of the Plan) in any determination of any question under
the Plan, or in the interpretation, administration or application of the Plan, shall have any liability to any party for any action taken, or not taken, in good faith under the Plan. 

(c) Compliance with Applicable Legal Requirements. No Shares distributable pursuant to the Plan shall be issued and
delivered unless the issuance of the Shares complies with all applicable legal requirements, including compliance with the provisions of applicable state and federal securities laws, and the requirements of any securities exchanges on which the
Company’s Shares may, at the time, be listed. During any period in which the offering and issuance of Shares under the Plan is not registered under federal or state securities laws, Participants shall acknowledge that they are acquiring Shares
under the Plan for investment purposes and not for resale, and that Shares may not be transferred except pursuant to an effective registration statement under, or an exemption from the registration requirements of, such securities laws. Stock
certificates evidencing Shares issued under the Plan that are subject to such securities law restrictions shall bear an appropriate restrictive legend. 

  
 12 

 (d) Other Benefit and Compensation Programs. Payments and other
benefits received by a Participant under an Award made pursuant to the Plan shall not be deemed a part of a Participant’s regular, recurring compensation for purposes of the termination, indemnity or severance pay laws of any country or state
and shall not be included in, nor have any effect on, the determination of benefits under any other employee benefit plan, contract or similar arrangement provided by the Company or an Affiliate unless expressly so provided by such other plan,
contract or arrangement, or unless the Committee expressly determines that an Award or portion of an Award should be included to accurately reflect competitive compensation practices or to recognize that an Award has been made in lieu of a portion
of competitive cash compensation. 
 (e) Governing Law. To the extent that federal laws do not otherwise
control, the Plan and all determinations made and actions taken pursuant to the Plan shall be governed by the laws of the State of Delaware without regard to its conflicts-of-law principles and shall be construed accordingly. 

(f) Severability. If any provision of the Plan shall be held illegal or invalid for any reason, the illegality or
invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not been included. 

(g) Code Section 409A. It is intended that (i) all Awards of Options, SARs and Restricted Stock under the
Plan will not provide for the deferral of compensation within the meaning of Code Section 409A and thereby be exempt from Code Section 409A, and (ii) all other Awards under the Plan will either not provide for the deferral of
compensation within the meaning of Code Section 409A, or will comply with the requirements of Code Section 409A, and Awards shall be structured and the Plan administered and interpreted in accordance with this intent. The Plan and any
Agreement may be unilaterally amended by the Company in any manner deemed necessary or advisable by the Committee or Board in order to maintain such exemption from or compliance with Code Section 409A, and any such amendment shall conclusively
be presumed to be necessary to comply with applicable law. Notwithstanding anything to the contrary in the Plan or any Agreement, with respect to any Award that constitutes a deferral of compensation subject to Code Section 409A: 

(1) If any amount is payable under such Award upon a termination of Service, a termination of Service will be deemed to
have occurred only at such time as the Participant has experienced a “separation from service” as such term is defined for purposes of Code Section 409A; 

(2) If any amount shall be payable with respect to any such Award as a result of a Participant’s “separation
from service” at such time as the Participant is a “specified employee” within the meaning of Code Section 409A, then no payment shall be made, except as permitted under Code Section 409A, prior to the first business day
after the earlier of (i) the date that is six months after the Participant’s separation from service or (ii) the Participant’s death. Unless the Committee has adopted a specified employee identification policy as contemplated by
Code Section 409A, specified employees will be identified in accordance with the default provisions specified under Code Section 409A. 
 None of the Company, the Board, the Committee nor any other person involved with the administration of this Plan shall in any way be responsible for ensuring the exemption of any Award from, or compliance
by any Award with, the requirements of Code Section 409A. By accepting an Award under this Plan, each Participant acknowledges that the Company has no duty or obligation to design or administer the Plan or Awards granted thereunder in a manner
that minimizes a Participant’s tax liabilities, including the avoidance of any additional tax liabilities under Code Section 409A. 
 (h) Rule 16b-3. It is intended that the Plan and all Awards granted pursuant to it shall be administered by the Committee so as to permit the Plan and Awards to comply with Exchange Act Rule 16b-3.
If any provision of the Plan or of any Award would otherwise frustrate or conflict with the intent expressed in this Section 18(h), that provision to the extent possible shall be interpreted and deemed amended in the manner determined by the
Committee so as to avoid the conflict. To the extent of any remaining irreconcilable conflict with this intent, the provision shall be deemed void as applied to Participants subject to Section 16 of the Exchange Act to the extent permitted by
law and in the manner deemed advisable by the Committee. 

  
 13 

 (i) Forfeiture and Compensation Recovery. 

(1) The Committee may specify in an Agreement that the Participant’s rights, payments, and benefits with respect to
an Award will be subject to reduction, cancellation, forfeiture or recovery by the Company upon the occurrence of certain specified events, in addition to any otherwise applicable vesting or performance conditions of an Award. Such events may
include termination of Service for Cause; violation of any material Company or Affiliate policy; breach of noncompetition, non-solicitation or confidentiality provisions that apply to the Participant; a determination that the payment of the Award
was based on an incorrect determination that financial or other criteria were met or other conduct by the Participant that is detrimental to the business or reputation of the Company or its Affiliates. 

(2) Awards and any compensation associated therewith may be made subject to forfeiture, recovery by the Company or other
action pursuant to any compensation recovery policy adopted by the Board or the Committee at any time, including in response to the requirements of Section 10D of the Exchange Act and any implementing rules and regulations thereunder, or as
otherwise required by law. Any Agreement may be unilaterally amended by the Committee to comply with any such compensation recovery policy. 

  
 14EX-10.1

 Exhibit 10.1 

 
 

 
 May 9, 2013 
 By Hand Delivery 
 Vicente Trelles 

5760 Daniel Road, Apt 7311 
 Plano, Texas 75024

 Dear Vicente: 
 As
we have previously discussed, the decision has been reached to not renew your employment agreement (“Employment Agreement”) with Orthofix, Inc. (the “Company”) at the end of its current term which expires on
July 1, 2013. Because we value your services to the Company, however, we have prepared a severance package to assist you through this transition. Provided that you accept it, this letter confirms the agreement (“Agreement”)
between you and the Company concerning your severance arrangements, as follows: 
 1. Separation Date; Post-Separation
Obligations. 
 (a) Rather than requiring you to continue working until July 1, 2013, you and the Company have
agreed that your last day in the office and your official employment with the Company will end as of May 10, 2013 (the “Separation Date”). On the Separation Date, you will tender written resignations to the Company with respect
to all officer and director positions you hold at that time with the Company and any member of the Parent Group as that term is defined in the Employment Agreement. 
 (b) From the Separation Date and continuing through June 30, 2013, you agree to remain available to the Company, when and as requested, to assist in the transition of your responsibilities.

 (c) You agree to participate in an exit interview with the Company, at a time mutually agreed-upon but within two weeks of
the Separation Date, and to respond fully and accurately to the questions posed by the Company. 
 2. Final Wages,
Vacation Pay and Insurance Benefits. Within ten (10) days of the Separation Date, you will receive pay, at your final base salary ($410,040 per annum), for all work performed for the Company from the end of the last payroll period
through the Separation Date, to the extent not previously paid. In addition, the Company will pay you at that time for all hours of vacation time you have earned, but not used, as of the Separation Date, determined in accordance with Company policy
and as reflected on Company records. These amounts will be paid to you whether or not you accept this Agreement. 

 3. Severance Benefits. In consideration of your acceptance of this Agreement
and subject to your fully meeting your obligations under it, the Company will provide you the following severance benefits: 

(a) A one-time lump sum severance payment in an amount equal to (i) $466,724.40 plus (ii) $12,500 to be used by you for
outplacement services less (iii) the Reimbursed Legal Expenses (as defined below) (collectively, the “Severance Payment”). The Severance Payment shall be paid on the 60th day following your Separation Date, provided that
prior to such time you have signed the release attached hereto as Exhibit A (the “Release”) and the applicable revocation period for such Release has expired. In the event that the Release is not signed and effective (with
the applicable revocation period having expired) by such 60th day following your Separation Date, the Severance Payment shall be forfeited and the Company shall have no obligation to pay them to you at any time in the future. The parties agree that
included in the Severance Payment are all amounts payable to you under the Company’s annual incentive program, including any pro-rated amounts payable with respect to the 2013 fiscal year, and that you will not receive any further bonus under
the Company’s annual incentive program other than amounts included in the Severance Payment. 
 (b) Provided you are
eligible and elect in a timely manner to continue your participation and that of your eligible dependents in the Company’s medical and dental benefit plans under the Consolidated Omnibus Budget Reconciliation Act of 1985
(“COBRA”), then, for the lesser of 18 months after the Separation Date or until you secure coverage from new employment, you shall receive a monthly cash payment from the Company equal to the cost of coverage under the medical and
dental benefit plans in which you were participating on the Separation Date, at the level at which you were participating (e.g. single or family coverage), less the amount of your contribution for such coverage. Such payments shall be subject to all
applicable taxes and withholding. 
 (c) Your separation of employment shall be treated as a termination without
“cause” pursuant to: (i) Section 5(b) of your Inducement Stock Option Agreement dated April 1, 2011 with Orthofix International N.V. (“Parent”); (ii) Section 6(b) of your Non-Qualified Stock Option
Agreement dated February 15, 2012 with Parent; (iii) Section 6(a) of your Non-Qualified Stock Option Agreement dated June 25, 2012 with Parent; and (iv) Section 5(a) of your Restricted Stock Grant Agreement dated
July 31, 2012 with Parent. 
 4. Tax Withholding. All payments made by the Company under this Agreement will
be reduced by all taxes and other amounts that the Company is required to withhold under applicable law and by all other deductions authorized by you. 
 5. Acknowledgement of Full Payment and Status of Benefits. You acknowledge and agree that the payments provided under paragraphs 2 and 3 of this Agreement are in full and complete
satisfaction of any and all compensation or benefits due to you from the Company, whether for services provided or otherwise, through the Separation Date and that, except as expressly provided under this Agreement, no further compensation or
benefits of any kind are owed or will be paid to you. You will not continue to earn vacation or other paid time off after the Separation Date and, except as expressly provided in paragraph 3(b) of this Agreement, your participation in all employee
benefit plans and programs of the Company will end as of the Separation Date, in accordance with the terms of those plans and programs. 

 6. Survival. You acknowledge and agree that, pursuant Section 1.3 of the
Employment Agreement, Articles VI and VII of the Employment Agreement survive the termination or expiration of the Employment Agreement for any reason and that you will continue to comply with each of their provisions. Notwithstanding the foregoing,
the parties hereby agree that the twelve-month post-employment periods referenced in Sections 6.1 and 6.2 of the Employment Agreement are hereby amended to become six-month post-employment periods under such respective sections. 

7. Release of Claims. 
 (a) The Company’s obligation to pay or provide any benefits to you under this Agreement is expressly subject to the requirement that, no later than the 60th day following your Separation Date, you
have both previously executed the Release and the revocation period provided for the Release shall have expired without your having breached or revoked the Release. In the event that you do not timely sign the Release as contemplated by the prior
sentence, or sign and later revoke the Release, all of the Company’s obligations to make payments and provide benefits under this Agreement will terminate in full, and you understand and agree that you will not be entitled to any severance
benefits in connection with the non-renewal of your Employment Agreement. 
 (b) The Company wants to be certain that this
Agreement will resolve any and all concerns that you might have and therefore requests that you carefully consider the terms of this Agreement, including the Release. This Agreement, which includes the Release, creates legally-binding obligations
and the Company therefore advises you to consult an attorney before you sign this Agreement. 
 8. Miscellaneous.

 (a) Following the Separation Date, you will no longer have access to our offices. If you need to come to the office, please
contact me in advance of coming so that we can discuss your request and make any appropriate arrangements. 
 (b) This letter
contains the entire agreement between you and the Company and supersedes all prior and contemporaneous agreements, communications and understandings, whether written or oral, with respect to your employment and its termination and all related
matters, excluding only those provisions of the Employment Agreement which, by their terms, are intended to continue in full force and effect. 
 (c) This Agreement may not be modified or amended, and no breach shall be deemed to be waived, unless agreed to in writing by you and an expressly authorized representative of the Company. The captions
and headings in this Agreement are for convenience only and in no way define or describe the scope or content of any provision of this Agreement. 

 (d) In signing this Agreement, you give the Company assurance that you have had a full and
reasonable opportunity to consider its terms and to consult with an attorney if you wished to do so; that you have read and understood all of those terms; that your acceptance of this Agreement is freely and voluntarily given; and that, in signing
this Agreement, you have not relied on any promises or representations, express or implied, that are not set forth expressly in this Agreement. 
 (e) The Company shall pay on your behalf outside legal expenses (subject to the receipt of a customary invoice from your counsel) incurred by you in connection with the negotiation of this Agreement in an
amount up to $10,000 (the “Reimbursed Legal Expenses”) 
 If the terms of this Agreement are acceptable to you,
please sign, date and return it to me, together with the Release, no later than twenty one (21) days from the date you receive it. You may revoke this Agreement, and the Release, at any time during the seven-day period immediately following the
date of your signing by notifying me in writing of your revocation within that period. If you do not so revoke this Agreement and the Release, then, on the eighth calendar day following the date of your signing (the “Effective
Date”), this Agreement and the Release shall take effect as legally-binding agreements between you and the Company on the basis set forth above. The enclosed copy of this letter, which you should also sign and date, is for your records.

 Formalities aside, I want to take this opportunity to thank you for all of your efforts on behalf of the Company and to wish
you well in your future endeavors. 
 Sincerely, 

/s/ Tonjia Oglesby 
 Tonjia Oglesby 
 Vice President, Human Resources 

 

			
	Accepted and agreed:
		
	Signature:	 	 /s/ Vicente Trelles

		 	     Vicente Trelles

  

			
	 Date:
	 	5-9-13

 EXHIBIT A 
 RELEASE 
 In exchange for the consideration set forth in the Agreement to which this
Release is attached, by and among Orthofix Inc. (the “Company”) and myself, the respective terms of which are incorporated herein by reference, I, Vicente Trelles, am entering into this Release (this “Release”) for
good and valuable consideration to which I am not otherwise entitled, and agree as follows: 
 1. GENERAL RELEASE.

 (a) On behalf of myself, my heirs, executors, successors and assigns, I irrevocably and unconditionally release, waive and
forever discharge the Company, its members, divisions, subsidiaries, affiliates and related companies, including the Company Group (as defined below), or any member of the Company Group, and their present and former agents, employees, officers,
directors, attorneys, stockholders, plan fiduciaries, successors and assigns (collectively, the “Releasees”), from any and all claims, demands, actions, causes of action, costs, fees and all liability whatsoever, whether known or
unknown, fixed or contingent, suspected or unsuspected (collectively, “Claims”), which I had, have, or may have against Releasees relating to or arising out of my employment by or separation from the Company and its direct and
indirect subsidiaries and parents, including, without limitation, Orthofix International N.V. (collectively, the “Company Group”), up to and including the date of execution of this Release, other than my right to receive the
severance payments and other benefits and consideration described in the Agreement. This Release includes, without limitation: (i) claims at law or equity or sounding in contract (express or implied) or tort; (ii) claims arising under any
federal, state or local laws of any jurisdiction that prohibit age, sex, race, national origin, color, disability, religion, veteran or military status, sexual orientation or any other form of discrimination, harassment or retaliation (including,
without limitation, the Civil Rights Act of 1866, the Age Discrimination in Employment Act, the Older Workers Benefit Protection Act, the Americans with Disabilities Act, Title VII of the 1964 Civil Rights Act, the Civil Rights Act of 1991, the
Rehabilitation Act, the Family and Medical Leave Act, the Sarbanes-Oxley Act, the Employee Polygraph Protection Act, the Uniformed Services Employment and Reemployment Rights Act of 1994, the Unruh Civil Rights Act, or any other federal, state or
local laws, regulations and ordinances governing discrimination, harassment or retaliation in employment; and the right to bring demands, complaints, causes of action, and claims under any other federal, state, local or common law, statute,
regulation or decision); (iii) claims arising under the Employee Retirement Income Security Act; or (iv) any other statutory or common law claims related to my employment with the Company or my separation from the Company. I further
covenant not to sue any of the Releasees with respect to any matters released hereby. 
 (b) This release does not include a
release or waiver of any rights or claims I have, or might subsequently have in my capacity as a stockholder of Orthofix International N.V. I am also not waiving, and nothing in this Release is intended to waive, any right to coverage under any
directors and officers insurance coverage, if any, provided by the Company, the Company Group, or any member of the Company Group, or any right to indemnification or 

 
expense advancement under any indemnification agreement, or any applicable Company Group articles of incorporation, bylaws or similar organizational document, if any, in each case, to which I
might be entitled. I am also not waiving, and nothing in this Release is intended to waive any claims I may have for unemployment insurance or workers’ compensation benefits, state disability compensation, claims for any vested benefits under
any Company-sponsored benefit plan, or any claims that, as a matter of law, may not be released by private agreement. I am also not waiving, and nothing in this Release is intended to waive, any claims relating to the validity or enforceability of
this Release; or any non-waivable right to file a charge with the United States Equal Employment Opportunity Commission (the “EEOC”) or the National Labor Relations Board (“NLRB”); provided, however, that I shall
not be entitled to recover any monetary damages or to non-monetary relief if the EEOC or NLRB were to pursue any claims relating to my employment with the Company. 
 EXCEPT AS OUTLINED ABOVE, THIS MEANS THAT, BY SIGNING THIS RELEASE, I WILL WAIVE ANY RIGHT I MAY HAVE HAD TO PURSUE OR BRING A LAWSUIT OR MAKE ANY LEGAL CLAIM AGAINST THE COMPANY OR THE RELEASEES THAT IN
ANY WAY ARISES FROM OR RELATES TO MY EMPLOYMENT OR THE TERMINATION OF THAT EMPLOYMENT, UP TO AND INCLUDING THE DATE OF THE EXECUTION OF THIS RELEASE. 
 (c) I acknowledge that different or additional facts may be discovered in addition to what I now know or believe to be true with respect to the matters herein released, and I agree that this Release shall
be and remain in effect in all respects as a complete and final release of the matters released, notwithstanding any such different or additional facts. I represent and warrant that I have not previously filed or joined in any claims against the
Company or any of the Releasees, that I have not given or sold any portion of any claims released herein to anyone else, and that I will indemnify and hold harmless the Releasees from all liabilities, claims, demands, costs, expenses and/or
attorneys’ fees incurred as a result of any such assignment or transfer. 
 (d) I acknowledge that I have been given an
opportunity of twenty-one (21) days to consider this Release, but I may voluntarily waive that period by signing it earlier, and I acknowledge that I am being advised herein to consult with legal counsel of my own choosing prior to executing this
Release. I understand that for a period ending at the end of the seventh calendar day following my execution of this Release (“Revocation Period”), I shall have the right to revoke this Release by delivering a written notice of
revocation to Jeffrey Schumm, Orthofix Inc., Senior Vice President and General Counsel, Orthofix Inc., 3451 Plano Parkway, Lewisville, TX 75056 no later than the end of the seventh calendar day after I sign this Release. I understand and agree that
this Release will not be effective and enforceable until after the Revocation Period expires without revocation, and if I elect to exercise this revocation right, this Release shall be voided in its entirety, and the Company shall be relieved of all
obligations under this Release and all obligations under the Agreement as provided therein. This Release shall be effective on the eighth calendar day after it is executed by me (“Effective Date”) provided it has not been previously
revoked as provided herein. 

 2. I agree not to disclose, publish or use any confidential information of the Company
Group, except as the Company directs or authorizes unless required by law to do so. I also agree that I will take all reasonable measures to protect the secrecy of and avoid disclosure and unauthorized use of confidential information of the Company
Group, and I will immediately notify the Company in the event of any unauthorized use or disclosure of the Company Group’s confidential information of which I become aware. I agree that the obligations set forth in this paragraph do not
supersede, but are in addition to, any previous confidentiality obligations agreed to by me and any member of the Company Group. The confidentiality provisions set forth in this Release are contractual and their terms are material to this Release.
In any proceeding brought to enforce or seek damages for the alleged breach of the confidentiality provisions of this Release, the party successfully prosecuting or defending such action shall be entitled to recover from the opposing party its
reasonable expenses, including attorneys’ fees. 
 3. I agree to hold harmless the Releasees, at my sole cost and expense,
from and against any claims arising from my breach of this Release (including breaches of my post separation obligations under the Agreement). 
 4. I agree that I have not made and shall not make, publicly or privately, any critical or negative comments to the media or any significant critical or negative comments to any other person (including
future or prospective employees) regarding any of the Releasees. The Company and Parent further agree that they shall not make, and shall commercially reasonable efforts to prevent any of their respective officers or directors from making, any
critical or negative comments to the media or other persons about me, provided that the foregoing shall in no way limit Parent’s right to make any public statements or disclosures it believes, after consultation with counsel, are required or
appropriate pursuant to applicable federal securities laws. 
 5. I understand it is my choice whether or not to enter into this
Release and that my decision to do so is voluntary and is made knowingly. 
 6. I represent and acknowledge that in executing
this Release, I do not rely, and have not relied, on any communications, statements, inducements or representations, oral or written, by any of the Releasees, except as expressly contained in this Release. 

7. I also represent and warrant that, on or before my last date of employment, I will have delivered to the Company (a) all
documents and materials containing confidential information (including without limitation any “soft” copies or computerized or electronic versions thereof) or otherwise containing information relating to the business and affairs of any
member of the Company Group (whether or not confidential), and (b) all other documents, materials and other property belonging to any member of the Company Group that are or were in my possession or under my control. 

8. The Company and I agree that this Release shall be binding on us and our heirs, administrators, representatives, executors, successors
and assigns, and shall inure to the benefit of our heirs, administrators, representatives, executors, successors and assigns. 

 9. This Release shall be interpreted under and governed by the laws of the State of Texas.
The Company and I agree that the language of this Release shall in all cases be construed as a whole, according to its fair meaning, and not strictly for or against either party. 

10. The Company and I agree that should that any provision of this Release be determined to be illegal or invalid, the validity of the
remaining provisions will not be affected and any illegal or invalid provision will be deemed not to be a part of this Release. 

11. The Company and I agree that this Release may be executed in any number of counterparts, each of which shall be deemed an original,
but all of which together shall be deemed one and the same instrument. 
 Please read carefully as this document includes a
General Release of claims. 
 As evidenced by my signature below, I certify that I have read the above Release and agree to its terms.

  

			
	/s/ Vicente Trelles
	Vicente Trelles
		
	Date:	 	5-9-13

  

			
	 Accepted and Acknowledged:

	
	 ORTHOFIX, INC.

		
	 By:
	 	/s/ Jeffrey M. Schumm
	 Title:
	 	Corp. Secretary
	 Date:
	 	May 9, 2013

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