Document:

Executive Severance Plan

 Exhibit 10.1 
 MOTOROLA MOBILITY HOLDINGS, INC. 
 EXECUTIVE SEVERANCE PLAN

  

	 	1.	Purpose. 

 The
purpose of the Motorola Mobility Holdings, Inc. Executive Severance Plan (the “Plan”) is to provide severance pay and benefits to Eligible Executives whose employment with Motorola Mobility Holdings, Inc. (“Mobility, Inc.” or the
“Company”) and its U.S. Affiliates and/or U.S. Subsidiaries (together with the Company, “Mobility”) is terminated under certain circumstances. The Plan is effective February 15, 2011 and is applicable to Eligible Executives
who are notified of termination on or after that date. The Plan is intended to be an “employee welfare benefit plan” as defined in Section 3(1) of ERISA maintained primarily for the purpose of providing benefits for a select group of
management or highly compensated employees. All benefits under the Plan shall be paid solely from the general assets of Mobility. 
  

	 	2.	Eligibility. 

 (a)
General Rules. An Eligible Executive shall receive the Severance Pay and benefits described in this Plan if the Eligible Executive’s employment with Mobility is terminated by Mobility in a Qualifying Termination and such termination of
employment constitutes a separation from service within the meaning of Section 409A of the Code (a “Separation from Service”). In order to receive Severance Pay and benefits under the Plan, in addition to fulfilling the conditions and
complying with the terms of the Plan, an Eligible Executive, as hereinafter provided, must execute and not revoke a general waiver and release in the form provided by Mobility (“General Release”) and must not be in breach of any agreement
with Mobility containing restrictive covenants, or any other agreement with or obligation to Mobility for the protection of Mobility’s confidential and proprietary information. 

(b) Effect of Other Plans and Agreements. 
 (i) An Eligible Executive shall not receive Severance Pay and benefits under this Plan if the Eligible Executive is eligible for and receives (or has filed a written claim for) severance pay and benefits
under the Motorola Mobility Holdings, Inc. Change in Control Severance Plan (“Change in Control Severance Plan”), or has claimed or is claiming termination pay under the laws of any country other than the United States. 

(ii) Subject to Section 2(b)(i) above, if an individual has entered into an individual employment or other contract with Mobility
that explicitly provides for cash compensation upon a termination of employment, whether or not such payment is labeled severance pay, retention pay or otherwise, (other than a stock option, restricted stock, restricted stock unit, stock
appreciation right (“SAR”), supplemental retirement, deferred compensation or similar plan or agreement or other form of participant document entered into pursuant to a Mobility-sponsored group plan that may contain provisions operative on
a termination of the Eligible Executive’s employment) and such contract is in effect on the date of the Eligible Executive’s termination of employment, such cash compensation shall be offset against the Severance Allowance provided under
this Plan to the extent such cash compensation either does not provide for the deferral of compensation under Section 409A of the Code or is paid in a lump sum at the same time as 

 
severance paid under Section 3(b) hereunder. In all other respects, the terms of the individual agreement shall apply and shall supersede the terms of this Plan. 

 

	 	3.	Severance Pay and Benefits. 

 (a) Severance Pay and Benefits. An Eligible Executive entitled to Severance Pay and benefits pursuant to Section 2 shall receive Severance Pay and severance benefits, based on the Eligible
Executive’s level or salary grade, in accordance with the schedule attached as Exhibit A and the provisions of this Section 3. 
 (b) Form and Timing of Severance Payments. The total amount of the Severance Allowance provided in Section 3(a) shall be paid after the Eligible Executive’s Separation Date in a lump sum
within thirty (30) days after the Eligible Executive signs and does not revoke the General Release, provided that the Eligible Executive signs the General Release no later than the last day of the 49-day consideration period and such payment
shall occur (assuming no revocation) before March 15 of the year following the Separation Year. Each payment of Severance Pay and benefits to the Eligible Executive under this Plan, including payments pursuant to Section 3 and
reimbursements under Sections 3(g), (h), (i), (j) and (o) and 4(e), will be considered a separate payment and not one of a series of payments for purposes of Section 409A of the Code. 

(c) Alternate MIP Award for Separation Year. If an Eligible Executive receiving a Severance Allowance under this Plan participates
in the Mobility Incentive Plan (“MIP Plan”) during the Separation Year, he or she shall receive, in lieu of any incentive bonus under the MIP Plan, the equivalent of a pro rata MIP Award based on actual business results for the Separation
Year (“Alternate MIP Award”) and with an individual performance factor of 1.0, which Alternate MIP Award shall be paid in a lump sum on the first payroll date following July 1 of the year following the Separation Year (unless the
Eligible Executive has made an irrevocable election under any deferred compensation arrangement subject to Code Section 409A to defer any portion of the Eligible Executive’s annual incentive bonus in respect of the Separation Year, in
which case such deferred bonus shall be paid in accordance with such election) (such payment date, “Alternate MIP Award Payment Date”). The applicable pro rata amount shall be determined by multiplying (i) the product of the Eligible
Executive’s Eligible Earnings, as defined in the MIP Plan, times his or her MIP Plan target percentage for the Separation Year times the business performance factor under the MIP Plan for the applicable organizational unit by (ii) a
fraction, the numerator of which is the number of completed days of active work during the Separation Year and the denominator of which is 365. An Eligible Executive who receives an Alternate MIP Award may not receive an MIP Award under the MIP Plan
for the Separation Year under any circumstances. 
 (d) Alternate SIP Award for Separation Year. If an Eligible Executive
receiving a Severance Allowance under this Plan participates in a sales incentive plan pursuant to which he or she is eligible for an incentive award with respect to monthly or quarterly performance periods (“SIP Plan”) during the
Separation Year, he or she shall receive the equivalent of a pro rata termination incentive for the applicable performance period in which the Separation Date occurs based on actual performance goals and performance results (“Alternate
Quarterly or Monthly SIP Award”). If an Eligible Executive receiving a Severance Allowance under this Plan participates 

  
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in a sales incentive plan pursuant to which he or she is eligible for an incentive award (or a portion of an incentive award) with respect to an annual performance period during the Separation
Year, he or she shall receive the equivalent of a pro rata termination incentive (for such award or portion thereof) for the applicable performance period in which the Separation Date occurs based on actual performance goals and performance results
(“Alternate Annual SIP Award,” and together with the Alternate Quarterly or Monthly SIP Award, the “Alternate SIP Award”). The pro rata amount shall be determined as provided in the applicable SIP Plan. Alternate Quarterly or
Monthly SIP Awards shall be paid at the same time as payment would be made under the SIP Plan for the applicable performance period if the Eligible Executive had remained an employee and Alternate Annual SIP Awards shall be paid on the Alternate MIP
Award Payment Date. An Eligible Executive who receives an Alternate SIP Award may not receive an award under the SIP Plan for the same quarter or any subsequent quarter under any circumstances. Alternatively, an Eligible Executive who receives an
award under the SIP Plan may not receive an Alternate SIP Award under this Plan for the same quarter or any subsequent quarter under any circumstances. 
 (e) Paid Time Off. The Severance Pay and benefits outlined in Section 3 above include and exceed any paid time off or similar amounts that are unpaid as of the Eligible Executive’s
Separation Date, and the Eligible Executive shall not be entitled to any additional payment for or in respect of such unpaid amounts. 
 (f) Equity Awards. This Plan does not alter or amend any vesting or other terms and conditions contained in previous grants of stock options, restricted stock, restricted stock units, or SARs, as
reflected in the agreements or award documents issued at the time of grant (“Equity Awards”). Following the Separation Date, except in the event the Eligible Executive violates one or more of the restrictive covenants referenced in
Section 4(a) below, each of his or her outstanding Equity Awards will be accorded the most favorable treatment for which each Equity Award qualifies per the terms of the applicable plans, grant agreements or award documents. 

(g) Medical Benefits. Benefits coverage in effect on the Eligible Executive’s Separation Date under the Motorola Mobility
Employee Medical Benefits Plan (“Medical Plan”), as amended from time to time, will be continued at the regular employee contribution rate through the end of the Severance Period, provided that the Eligible Executive complies with all
terms and conditions of the Medical Plan, including paying the necessary contributions and provided further, if the Eligible Executive is reemployed with another employer and becomes covered under that employer’s medical plan, the medical
benefits described herein (if they are not terminated as provided in COBRA, defined below) shall be secondary to those provided under such other plan. The difference between the cost for such coverage under COBRA, as defined below, and the amount of
the necessary contributions that the Eligible Executive is required to pay for such coverage as provided above will be paid by Mobility and considered imputed income to the Eligible Executive. The Eligible Executive is responsible for the payment of
income tax due as a result of such imputed income. After the total period of medical benefit continuation provided in this Plan, the Eligible Executive may elect to continue medical benefits under the Medical Plan at his or her own expense, in
accordance with COBRA. The period of medical benefit continuation described immediately above counts toward and reduces the maximum coverage under Section 4980B of the Code (“COBRA”), as described in Treasury

  
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Regulation Section 54.4980B-7, A-7(a). The COBRA period commences on the first of the month following the Separation Date. 

(h) Outplacement. Mobility also will provide reasonable senior executive outplacement and career continuation services by a firm
to be selected by Mobility for up to 12 months following the Separation Date, as set forth in Exhibit A, if the Eligible Executive elects to participate in such services. 
 (i) Other Benefits. Except as otherwise expressly provided in the Plan, the effect of an Eligible Executive’s termination and this Plan upon the Eligible Executive’s participation in, or
coverage under, any of Mobility’s benefit or compensation plans, including but not limited to the Motorola Mobility Holdings, Inc. 2011 Incentive Compensation Plan, the Mobility Incentive Plan, the officer-level sales incentive plans, the
Mobility Financial Planning Program, the Motorola Mobility Holdings, Inc. Change in Control Severance Plan or any other applicable group plan, stock option plan and any restricted stock, stock unit or SAR agreements, shall be governed by the terms
of those plans and agreements. Mobility is making no guarantee, warranty or representation in this Plan regarding any position that may be taken by any administrator or plan regarding the effect of this Plan upon the Eligible Executive’s
rights, benefits or coverage under those plans and agreements. 
 (j) Financial Planning Services. Notwithstanding
anything to the contrary in Section 3(i) above, for any Eligible Executive who participates in the Mobility Financial Planning Program on such Eligible Executive’s Separation Date, Mobility will pay the Eligible Executive’s financial
planning vendor for services rendered pursuant to the Mobility Financial Planning Program through the later of (i) 12 months following the Separation Date or (ii) April 30 of the calendar year following the Separation Year.
Payment will be made within 90 days following the date the Eligible Executive submits evidence that he or she incurred such expenses, and in all events prior to the last day of the calendar year following the calendar year in which he or she
incurs the expense. In no event will the amount of such expenses paid in one year affect the amount of expenses eligible for payment, or in-kind benefits to be provided, in any other taxable year. 

(k) Eligible Executives Whose Work Country is not the United States. To the extent an Eligible Executive is party to an agreement
providing that Mobility shall relocate and/or repatriate him or her and eligible dependents to the United States and such agreement is still in effect on the Separation Date, Mobility will provide relocation and/or repatriation services in accord
with the terms of that agreement. Payment of relocation vendors and/or reimbursement of the Eligible Executive will be made within 90 days following the date the Eligible Executive submits evidence that he or she incurred such expenses, and in all
events prior to the last day of the calendar year following the calendar year in which he or she incurs the expense. In no event will the amount of such expenses paid or reimbursed in one year affect the amount of expenses eligible for payment or
reimbursement, or in-kind benefit to be provided, in any other taxable year. 
 (l) Cessation of Payments upon Rehire. If
an Eligible Executive is rehired by Mobility within the Severance Period, he or she shall repay a pro rata portion of the Severance Allowance, calculated by multiplying the Severance Allowance by a fraction, the numerator of

  
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which is the total number of months of the Eligible Executive’s Severance Period minus the number of completed months of severance following the Separation Date, and the denominator of which
is the total number of months of the Eligible Executive’s Severance Period. This requirement may be waived by Mobility, Inc.’s most senior Human Resources officer for compelling business reasons, as determined in his or her discretion. The
Alternate MIP Award or the Alternate SIP Award, as applicable, shall be paid to, and/or may be retained by, the Eligible Executive as otherwise provided herein, provided that, this requirement may be waived by the most senior Human Resources
officer in favor of reinstating the Eligible Executive to the MIP Plan or an officer-level SIP Plan for the performance period in which the Separation Date occurred, provided further that the payment under the MIP Plan or an officer level SIP Plan
for the performance period of reinstatement will be paid at the same time either the Alternate MIP Award or Alternate SIP Award would have been paid if not so waived. In no event may the Eligible Executive receive an Alternate MIP Award or Alternate
SIP Award and either an actual MIP Plan award or an actual SIP Plan award for the same performance period, as the case may be. 

(m) Committee Discretion. Notwithstanding the foregoing, the Compensation and Leadership Committee of Motorola Mobility Holdings,
Inc.’s Board of Directors or its delegate may, in its sole discretion, reduce, eliminate, or otherwise adjust the amount of an Eligible Executive’s Severance Pay and benefits, including the Alternate MIP Award and/or Alternate SIP Award.
Such determination shall be made before any severance payments commence under this Section 3. Unless the Compensation and Leadership Committee determines otherwise, or unless the Eligible Executive is an officer subject to Section 16 of
the Securities Exchange Act of 1934 or an appointed or elected officer reporting directly to Mobility, Inc.’s Chief Executive Officer or who is reasonably expected to be, a “covered employee” within the meaning of Section 162(m)
of the Internal Revenue Code, Mobility, Inc.’s most senior Human Resources officer is delegated the authority to exercise the discretion provided by this provision with respect to Eligible Executives, provided such determination is made before
any severance payments commence under this Section 3 and he or she reports such adjustment to the Compensation and Leadership Committee in writing no later than the Committee’s next regularly scheduled meeting, with a copy to the Plan
Administrator. This Paragraph (m) shall not apply following a Change in Control. 
 (n) Death of Executive. If an
Eligible Executive entitled to a Severance Allowance or payments under Section 3(c) or (d) should die before all such amounts payable to him or her have been paid, such unpaid amounts shall be paid no later than 90 days following the
Eligible Executive’s death (or in the case of payments under Section 3(c) or (d), within 90 days following determination of the applicable performance results) to Eligible Executive’s legal representative, if there be one, and, if
not, to the Executive’s spouse, parents, children or other relatives or dependents of such Executive as the Plan Administrator, in his or her discretion, may determine; provided, however, such payee or payees shall not have the right to
designate the taxable year of payment. Any payment so made shall be a complete discharge of any liability with respect to such benefit. 
 (o) Business Expenses. Each Eligible Executive shall be responsible for any personal charges incurred on any Mobility credit card or other account used by the Eligible Executive prior to the
Eligible Executive’s Separation Date and the Eligible Executive shall pay all such 

  
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charges when due. Mobility shall reimburse the Eligible Executive for any pending, reasonable business-related credit card charges for which the Eligible Executive has not already been reimbursed
as of the Eligible Executive’s Separation Date provided the Eligible Executive files a proper travel and expense report. Such reimbursement shall be made not later than December 31 of the year following the year in which the Executive
incurs the expense. In no event will the amount of such expenses paid in one year affect the amount of expenses eligible for payment, or in-kind benefits to be provided, in any other taxable year. 

 

	 	4.	Eligible Executive Obligations. 

 (a) General. An Eligible Executive’s Severance Pay and benefits provided under Section 3 are expressly conditioned on the Eligible Executive’s compliance with the obligations
contained in any equity award agreements with Mobility, including but not limited to Stock Option Agreements and/or Stock Option Consideration Agreements and/or Global Award Agreements and/or Restricted Stock Agreements and/or Restricted Stock Unit
Agreements and/or Restricted Stock Unit Global Award Agreements and/or Restricted Stock Unit Substitute Award Agreements and/or Substitute Award Documents with Mobility, as well as various other agreements for the protection of Mobility’s
confidential and proprietary information. Such agreements, including but not limited to the non-disclosure, non-competition and non-solicitation provisions therein, continue in full force and effect according to their terms. In addition to complying
with all the other obligations contained in the above-referenced agreements, the Eligible Executive must immediately inform Mobility of (i) the identity of any new employment, start-up business or self-employment in which he or she has engaged
or will engage between the Separation Date and the second anniversary of the Separation Date, (ii) his or her title in any such engagement, (iii) his or her duties and responsibilities in any such engagement and (iv) any information
Mobility reasonably requests in order to determine the Eligible Executive’s compliance with the above-referenced agreements and this Plan. By accepting the Severance Pay and benefits outlined herein, the Eligible Executive authorizes Mobility
to provide a copy of any agreement between him or her and Mobility for the protection of Mobility’s confidential and/or proprietary information to any new employer or other entity or business by which he or she is engaged up to the second
anniversary of the Separation Date. 
 (b) Release of Claims. In order to receive the Severance Pay and benefits
available under the Plan, an Eligible Executive must work through his or her Separation Date, as determined in the sole discretion of his or her direct manager, and sign and return a General Release, in a form acceptable to the Plan Administrator,
within forty-nine (49) days after the Eligible Executive’s Separation Date. The Plan Administrator may designate longer periods in his or her discretion; provided, however, that the Severance Amount shall be paid in all events before
March 15 of the year following the Separation Year. If the Plan Administrator approves a period longer than the period designated for an Eligible Executive to sign the General Release, and such Eligible Executive’s medical benefits already
have been terminated for failure to pay the monthly contribution or COBRA contribution, it shall not be necessary to provide such Eligible Executive with the extended medical benefits as consideration for signing the General Release. 

  
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 The Plan Administrator may from time to time alter the specific terms of the General Release used for
purposes of the Plan, or add new terms, as it determines to be appropriate in his or her discretion. 
 (c)
Non-Disparagement. An Eligible Executive shall not, directly or indirectly, individually or in concert with others, engage in any conduct or make any statement calculated or likely to have the effect of undermining, disparaging or otherwise
reflecting poorly upon Mobility or its good will, products or business opportunities, or in any manner detrimental to Mobility, though the Eligible Executive may give truthful and nonmalicious testimony if properly subpoenaed to testify under oath.

 (d) Records/Company Property. The Eligible Executive shall return to Mobility by his or her Separation Date all
property belonging to Mobility and confidential and/or proprietary information including the originals and all copies and excerpts of documents, drawings, reports, specifications, samples and the like that were/are in the Eligible Executive’s
possession at all Mobility and non- Mobility locations, including but not limited to information stored electronically on computer hard drives or disks. 
 (e) Cooperation and Indemnification. From the Eligible Executive’s Separation Date, and for as long thereafter as shall be reasonably necessary, the Eligible Executive shall cooperate fully
with Mobility in any investigation, negotiation, litigation or other action arising out of transactions in which he or she was involved or of which he or she had knowledge during his or her employment by Mobility and its Affiliates and Subsidiaries.
If the Eligible Executive incurs any business expenses in the course of performing his or her obligations under this paragraph, he or she will be reimbursed for the full amount of all reasonable expenses upon submission of adequate receipts
confirming that such expenses actually were incurred. All reimbursements under this Section 4(e) will be for expenses incurred by the Eligible Executive during his or her lifetime. Reimbursement will be made within 90 days following the date
the Eligible Executive submits evidence that he or she incurred such expenses, and in all events prior to the last day of the calendar year following the calendar year in which he or she incurs the expense. In no event will the amount of expenses
reimbursed in one year affect the amount of expenses eligible for reimbursement, or in-kind benefit to be provided, in any other taxable year. Mobility will indemnify the Eligible Executive for judgments, fines, penalties, settlement amounts and
expenses (including reasonable attorneys fees and expenses) reasonably incurred in defending any actual or threatened action, lawsuit, investigation or other similar proceeding arising out of his or her employment with Mobility, provided that if the
matter is a civil action, he or she acted in good faith and in a manner he or she reasonably believed to be in, or not opposed to, the best interests of Mobility and if the matter is a criminal action, the Eligible Executive had no reasonable cause
to believe his or her conduct was unlawful (in each case as determined under the Delaware General Corporation Law). 
 (f)
Remedies for Breach of Eligible Executive’s Obligations. The payments set forth in Section 3 above are conditioned upon the Eligible Executive’s faithful performance of his or her obligations pursuant to Paragraph 4(a) and
(c) through (e) of this Plan. If the Eligible Executive breaches those obligations, including any breach of the agreements referenced in Section 4(a), he or she must promptly repay to Mobility all sums received from Mobility under
Section 3(a), (c), (d), less the sum of (i) One Thousand Dollars ($1,000.00) and (ii) the amount of 

  
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accrued but unpaid paid time off due the Executive at his or her Separation Date. In addition, Mobility shall be entitled to all rights and remedies set forth in the agreements referenced in
Section 4(a). Any repayment of Severance Pay paid pursuant to this Plan or repayment pursuant to the remedies set forth in the agreements referenced in Section 4(a) shall not reduce any money damages that may be available to Mobility as a
result of the breach. 
 By accepting Severance Pay and benefits under this Plan, each Eligible Executive acknowledges that the
harm caused to Mobility by the breach or anticipated breach of Section 4(a) and (c) through (e) of this Plan will be irreparable. The Eligible Executive agrees Mobility may obtain injunctive relief against him or her in addition to
and cumulative with any other legal or equitable rights and remedies Mobility may have pursuant to this Plan or law, including the recovery of liquidated damages. The Eligible Executive agrees that any interim or final equitable relief entered by a
court of competent jurisdiction, as specified in Section 7(e) below, will, at the request of Mobility, be entered on consent and enforced by any such court having jurisdiction over him or her. This relief would occur without prejudice to any
rights either party may have to appeal from the proceedings that resulted in any grant of such relief. In any dispute regarding this Plan, each party will pay its own fees and costs. 

 

	 	5.	Plan Administration. 

 The Plan Administrator is the party responsible for the administration of the Plan. A Human Resources employee at the level of Director or above who is appointed by the Compensation and Leadership
Committee of the Board of Directors will serve as the “Plan Administrator” of the Plan and the “named fiduciary” within the meaning of such terms as defined in ERISA. 

The Plan Administrator will perform all duties imposed upon him or her by the terms of ERISA. The Plan Administrator shall be responsible
for the general administration and management of the Plan. In his or her role of administering the Plan, the Plan Administrator shall have the discretionary powers and duties necessary to fulfill his or her responsibilities, including, but not
limited to, the following powers and duties to: (i) interpret, construe and apply the Plan, including the making of factual determinations, as the Plan Administrator or his or her designee, in his or her sole discretion, determines to be
appropriate; (ii) determine all questions relating to the eligibility of persons to participate or receive benefits as the Plan Administrator or his or her designee, in his or her sole discretion, deems to be appropriate; (iii) appoint
individuals to assist in any function, and generally to perform all other acts necessary in administering the Plan as the Plan Administrator or his or her designee, in his or her sole discretion, deems appropriate; and (iv) seek such expert
advice as the Plan Administrator or his or her designee deems reasonably necessary with respect to the Plan. The Plan Administrator and his or her designee shall be entitled to rely upon the information and advice furnished by such delegates and
experts, unless actually knowing such information and advice to be inaccurate or unlawful. 
 The decisions of the Plan
Administrator, or persons delegated with the authority to make such decisions for the Plan Administrator, and the decisions of the Vice President of Global Benefits (or, where applicable, the most senior Law Department labor and employment law
attorney or his or her designee) under Section 6, will be final and conclusive with respect to all questions relating to the Plan. 

  
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	 	6.	Procedure for Making and Appealing Claims for Benefits 

 If an employee or vice president believes he or she has not been paid the Severance Pay or benefits to which he or she is entitled under the Plan, the employee or vice president must file a claim for
benefits in writing with the Plan Administrator. Within ninety (90) days after receiving a claim (or within 180 days if special circumstances require an extension of time and written notice was provided to the employee or vice president before
the expiration of the initial ninety (90) day period), the Plan Administrator will: 
  

	 	•	 	 either accept or deny the claim completely or partially; and 

 

	 	•	 	 notify the employee or vice president of acceptance or denial of the claim. 

If the claim is completely or partially denied, the Plan Administrator will furnish a written notice to the employee or vice president
containing the following information: 
  

	 	•	 	 specific reasons for the denial; 

  

	 	•	 	 specific references to the Plan provisions on which any denial is based; 

 

	 	•	 	 a description of any additional material or information that the employee or vice president must provide in order to support the claim and an
explanation of why it is required; and 

  

	 	•	 	 an explanation of the Plan’s appeal procedures and the applicable time limits, including a statement of the right to bring a civil action under
Section 502(a) of ERISA following an adverse determination on appeal. 

 The employee or vice president
may appeal the denial of the claim and have the Vice President of Global Benefits (or in the case of a conflict of interest, the most senior Law Department labor and employment law attorney or his or her designee) reconsider the decision. The
employee, vice president or his or her authorized representative has the right to: 
  

	 	•	 	 request an appeal by written request to the Vice President of Global Benefits not later than sixty (60) days after receipt of notice from the Plan
Administrator denying the claim; 

  

	 	•	 	 upon request and free of charge, have reasonable access to, and copies of, all documents, records, and other information relevant to the claim; and

  

	 	•	 	 submit issues and comments regarding the claim in writing, along with documents, records and other information, to the Vice President of Global
Benefits. 

 The Vice President of Global Benefits (or, where applicable, the most senior Law Department labor
and employment law attorney or his or her designee) will make a decision with respect to such an appeal within sixty (60) days after receiving the written request for such appeal (this sixty (60) day period can be extended for an
additional sixty (60) days if special 

  
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circumstances require an extension of time and written notice is provided to the employee or vice president or his or her authorized representative before the extension begins). The review will
take into account all comments, documents, records, and other information relating to the claim submitted in connection with the review, without regard to whether such information was submitted or considered in the initial claim determination. The
employee, vice president or his or her authorized representative will be advised of the decision on the appeal in writing. The notice will set forth the specific reasons for the decision and make specific reference to Plan provisions upon which the
decision on the appeal is based. In the case of an adverse benefit determination on appeal, in addition to the information in the preceding sentence, the notice shall include (i) a statement that the employee or vice president is entitled to
receive, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other information relevant to his or her claim for benefits, and (ii) a statement of the employee’s or vice president’s right
to bring a civil action under Section 502(a) of ERISA. In performing his or her duties hereunder, the Vice President of Global Benefits (or, where applicable, the most senior Law Department labor and employment law attorney or his or her
designee) shall have the power to interpret and construe the Plan and make factual determinations as are granted to the Plan Administrator under Section 5. 
 In no event shall the employee, vice president or any other person be entitled to challenge the decision of the Plan Administrator or the Vice President of Global Benefits (or, where applicable, the most
senior Law Department labor and employment law attorney or his or her designee) in court or in any other administrative proceeding unless and until the claim and appeal procedures described above have been complied with and exhausted. 

 

	 	7.	Miscellaneous. 

(a) Amendment. Mobility, Inc., by action of its Compensation and Leadership Committee, reserves the right to amend this Plan, in
whole or in part, or to discontinue or terminate the Plan, at any time in its sole discretion. No amendment, discontinuance or termination, however, may adversely affect the rights of any Eligible Executive without his or her written consent if such
person (i) is then receiving Severance Pay and benefits under the Plan, or (ii) is entitled to receive Severance Pay and benefits under the Plan on account of a prior Qualifying Termination. In addition to the foregoing, for a period of
three years following a Change in Control, the Plan may not be discontinued or terminated or amended in such a manner that decreases the Severance Pay or benefits payable to any Eligible Executive or that makes any provision less favorable for an
Eligible Executive. 
 (b) Withholding. Mobility shall be entitled to withhold or cause to be withheld from amounts to be
paid under this Plan to an Eligible Executive any federal, state, or local withholding or other taxes or amounts that it is from time to time required to withhold. 
 (c) Compliance with Section 409A. Notwithstanding anything to the contrary contained in this Plan, the payments and benefits provided under this Plan are intended to comply with Code
Section 409A, and the provisions of this Plan shall be interpreted such that the payments and benefits provided are either not subject to Code Section 409A or are in compliance with Code Section 409A. Mobility may modify the payments
and benefits under this Plan at any time solely as necessary to avoid adverse tax consequences under Code Section 409A. 

  
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Notwithstanding any provision in this Plan to the contrary, if the Eligible Executive is a “specified employee” (within the meaning of Treasury Regulation Section 1.409A-1(i) and
using the identification methodology selected by Mobility from time to time) on the Eligible Executive’s Separation Date, then any payment or benefit which would be considered “nonqualified deferred compensation” within the meaning of
Code Section 409A that the Eligible Executive is entitled to receive upon the Eligible Executive’s Separation Date and which otherwise would be payable during the six-month period immediately following the Eligible Executive’s
Separation Date will instead be paid or made available on the earlier of the first day of the seventh month following the Eligible Executive’s Separation Date and the Eligible Executive’s death. 

(d) No Implied Employment Rights. The Plan shall not be deemed to give any employee or other person any right to be retained in
the employ of Mobility or its Affiliates or Subsidiaries or to interfere with the right of Mobility or its Affiliates or Subsidiaries to discharge any employee or other person at any time and for any reason. 

(e) Governing Law and Venue. This Plan is intended to be governed by and will be construed in accordance with ERISA, and to the
extent not preempted by ERISA, by the laws of the state of Illinois, without regard for any choice of law principles thereof. Any legal action related to this Plan and any referenced agreements or award documents shall be brought only in a federal
or state court located in Cook County, Illinois, USA. The Eligible Executive accepts the jurisdiction of these courts and consents to service of process from said courts for legal actions related to this Plan and any referenced agreements or award
documents. 
 (f) Severability. If any provision of the Plan is held to be invalid or unenforceable, its invalidity or
unenforceability will not affect any other provision of the Plan, and the Plan will be construed and enforced as if such provision had not been included. 
 (g) Successors. 
 (i) Mobility, Inc. shall require any
successor (whether direct or indirect, by purchase, merger, consolidation, reorganization or otherwise) to all or substantially all of the business and/or assets of Mobility, Inc. expressly to assume and agree to perform this Plan in the same manner
and to the same extent Mobility, Inc. would be required to perform if no such succession had taken place. This Plan shall be binding upon, inure to the benefit of and be enforceable by Mobility, Inc. and any successor to Mobility, Inc., including
without limitation any persons acquiring directly or indirectly all or substantially all of the business and/or assets of Mobility, Inc. whether by purchase, merger, consolidation, reorganization or otherwise (and such successor shall thereafter be
deemed to be “Mobility, Inc.” for the purposes of this Plan), and the Eligible Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributes and/or legatees. 

(ii) This Plan is intended to be for the exclusive benefit of Mobility and the Eligible Executive, and except as provided
in clause (i) of this Section 7(g), no third party shall have any rights hereunder. 
  

	 	8.	Definitions. 

  
 - 11 -

 “Affiliate” means any corporation or entity other than Mobility, Inc.
which, as of a given date, is a member of the same controlled group of corporations or the same group of trades or businesses under common control as Mobility, Inc. determined in accordance with Sections 414(b) or (c) of the Code. 

“Alternate Annual SIP Award” has the meaning set forth in Section 3(d). 

“Alternate MIP Award” has the meaning set forth in Section 3(c). 

“Alternate Quarterly or Monthly SIP Award” has the meaning set forth in Section 3(d). 

“Alternate SIP Award” has the meaning set forth in Section 3(d). 

“Base Salary” means an Eligible Executive’s monthly rate of base salary as in effect immediately prior to his or
her termination from employment. 
 “Cause” means (i) the Eligible Executive’s conviction, or
entering into a plea of either guilty or nolo contendere to, any felony, or any misdemeanor involving material acts of moral turpitude, embezzlement, theft, or other similar act, (ii) the Eligible Executive’s willful engagement in
gross misconduct in the performance of the Eligible Executive’s duties, (iii) the Eligible Executive’s willful and material violation of a Mobility policy or Code of Business Conduct; or (iv) the Eligible Executive’s
unauthorized use or disclosure of confidential information or trade secrets. 
 “Change in Control” means the
occurrence of any of the following events: 
 (i) Any individual, entity or group (within the meaning of Section 13(d)(3)
or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) (a “Person”) becomes the beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 50% or more of
either (A) the then-outstanding shares of common stock of Mobility, Inc. (the “Outstanding Company Common Stock”) or (B) the combined voting power of the then-outstanding voting securities of Mobility, Inc. entitled to
vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that, for purposes of this Section, the following acquisitions shall not constitute a Change in Control:
(1) any acquisition directly from Mobility, Inc., (2) any acquisition by Mobility, Inc. (3) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any of its Affiliates or
(4) any acquisition pursuant to a transaction that complies with Sections (iii)(A)(B) and (C) below; 
 (ii)
Individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director
subsequent to the date hereof whose election, or nomination for election by Mobility Inc.’s stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such
individual was a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of
directors or other actual or threatened solicitation of proxies or consents by or on behalf of a person other than the Board; 

  
 - 12 -

 (iii) Consummation of a reorganization, merger, statutory share exchange or consolidation or
similar transaction involving Mobility, Inc. or any of its subsidiaries, a sale or other disposition of all or substantially all of the assets of Mobility, Inc., or the acquisition of assets or securities of another entity by Mobility, Inc. or any
of its subsidiaries (each, a “Business Combination”), in each case unless, following such Business Combination, (A) all or substantially all of the individuals and entities that were the beneficial owners of the Outstanding
Company Common Stock and the Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of the then-outstanding shares of common stock (or, for a non-corporate entity,
equivalent securities) and the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of directors (or, for a non-corporate entity, equivalent governing body), as the case may be, of the entity
resulting from such Business Combination (including, without limitation, an entity that, as a result of such transaction, owns Mobility, Inc. or all or substantially all of the Mobility Inc.’s assets either directly or through one or more
subsidiaries) in substantially the same proportions as their ownership immediately prior to such Business Combination of the Outstanding Company Common Stock and the Outstanding Company Voting Securities, as the case may be, (B) no Person
(excluding any entity resulting from such Business Combination or any employee benefit plan (or related trust) of Mobility, Inc. or such entity resulting from such Business Combination) beneficially owns, directly or indirectly, 20% or more of,
respectively, the then-outstanding shares of common stock (or, for a non-corporate entity, equivalent securities) of the entity resulting from such Business Combination or the combined voting power of the then-outstanding voting securities of such
entity, except to the extent that such ownership existed prior to the Business Combination, and (C) at least a majority of the members of the board of directors (or, for a non-corporate entity, equivalent governing body) of the entity resulting
from such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement or of the action of the Board providing for such Business Combination; or 

(iv) Approval by the stockholders of Mobility, Inc. of a complete liquidation or dissolution of Mobility, Inc. 

“Compensation and Leadership Committee” means the Compensation and Leadership Committee of the Mobility, Inc. Board of
Directors. 
 “Code” means the Internal Revenue Code of 1986, as amended. 

“Eligible Executive” means (x) any (i) Appointed Vice President, Corporate Vice President, Senior Vice
President, Executive Vice President or President of Mobility on the date he or she is notified of termination or (ii) other person whose salary grade is EXB, EXC, EXS, or EXV on the date he or she is notified of termination, (y) whose Pay
Country is the United States of America and (z) whose employment with Mobility is terminated in a Qualifying Termination. An employee or officer of Mobility who is not an Eligible Executive shall not be entitled to any Severance Pay or benefits
under the Plan. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended.

 “MIP Plan” has the meaning set forth in Section 3(c). 

  
 - 13 -

 “Mobility” means Motorola Mobility Holdings, Inc. and any successors
thereto, and any of its U.S. Subsidiaries and/or U.S. Affiliates. 
 “Pay Country” means the country on whose
payroll the Eligible Executive resides and from which his or her base salary and other benefits are paid. 

“Plan” means the Motorola Mobility Holdings, Inc. Executive Severance Plan. 

“Plan Administrator” has the meaning provided in Section 5. 

“Qualifying Termination” means termination of employment with Mobility in which the employment relationship is
terminated by Mobility, specifically excluding, however: 
 (a) voluntary termination from employment with
Mobility, including voluntary termination due to retirement, or retirement at any applicable mandatory retirement age; 
 (b) termination of employment due to Total and Permanent Disability; 
 (c) termination of employment by Mobility for Cause; 
 (d)
termination of employment if the employee or officer (i) accepts employment with another company in connection with the sale, lease, exchange, outsourcing arrangement or any other type of asset transfer or transfer of any portion of a facility
or all or any portion of a discrete organizational unit or business segment of Mobility or of a Subsidiary; (ii) is offered employment with another company in connection with the sale, lease, exchange, outsourcing arrangement or any other type
of asset transfer or transfer of any portion of a facility or all or any portion of a discrete organizational unit or business segment of Mobility or of a Subsidiary, provided that the employment offer includes a base salary, target annual incentive
and/or retention bonus and active medical benefits that are comparable, in the aggregate to the base salary and target annual incentive and active medical benefits provided by Mobility at the time the offered employment is to become effective, or
(iii) remains employed by an Affiliate or Subsidiary that is sold, or whose shares are distributed to Mobility, Inc.’s stockholders in a spin-off or similar transaction; 

(e) termination of employment with Mobility which is followed by immediate or continued employment by Mobility or an
Affiliate or Subsidiary; 
 (f) termination of employment by death; or 

(g) voluntary termination of employment by failing to return to work from an approved leave of absence. 

The Plan Administrator shall determine within his or her sole discretion whether a termination is by reason of a Qualifying Termination or under
circumstances which do not constitute a Qualifying Termination as provided above. 
 “Separation Date” means
the date of the Eligible Executive’s Separation from Service, which generally will be Eligible Executive’s last date on Mobility’s payroll. 

  
 - 14 -

 “Separation Year” means the calendar year in which the Separation Date
occurs. 
 “Severance Allowance” has the meaning as provided in Exhibit A. 

“Severance Pay” means Severance Allowance as provided in Section 3(a) and Exhibit A plus Alternate MIP Award or
Alternate SIP Award, as applicable, as provided in Section 3(c) and (d). 
 “Severance Period” means the
number of total months of Severance Allowance specified for a given Eligible Executive as provided in Section 3(a) and Exhibit A. 
 “SIP Plan” has the meaning set forth in Section 3(d). 

“Subsidiary” means any corporation or other entity in which a 50% or greater interest is at the time directly or
indirectly owned by Mobility, Inc. and which Mobility, Inc. consolidates for financial reporting purposes. 
 “Total and
Permanent Disability” means entitlement to long term disability benefits under the Motorola Mobility Disability Income Plan and any successor plan or a determination of a permanent and total disability under a state workers compensation
statute. 

  
 - 15 -

 Exhibit 10.1 
 Exhibit A 
  

									
	 Level/Salary Grade
	  	 Severance Pay and
Benefits

	  	 Severance Allowance
	  	 Alternate MIP Award—
MIP
Participants
	  	 Alternate SIP Award—

SIP Participants
	  	 Welfare Plan Benefits;
Outplacement;
Financial
Planning Services

	 Appointed Vice
 President
and/or Salary Grade EXB
	  	9 months of Base Salary (“Severance Allowance”)	  	The Alternate MIP Award as provided in Section 3(c)	  	The Alternate SIP Award as provided in Section 3(d)	  	(a) 9 months of Medical Plan coverage at the active employee premium rate, offset against the COBRA amount as provided in Section 3(g); and (b) up to 12 months outplacement services
as provided in Section 3(h). Financial planning services as provided in Section 3(j).
					
	 Elected Officers and/or Salary Grades EXC,
 EXS and EXV
	  	12 months of Base Salary (“Severance Allowance”)	  	The Alternate MIP Award as provided in Section 3(c)	  	The Alternate SIP Award as provided in Section 3(d)	  	(a) 12 months of Medical Plan coverage at the active employee premium rate, offset against the COBRA amount as provided in Section 3(g); and (b) up to 12 months outplacement
services as provided in Section 3(h). Financial planning services as provided in Section 3(j).

  
 - 16 -Change in Control Severance Plan

 Exhibit 10.2 
 MOTOROLA MOBILITY HOLDINGS, INC. 
 CHANGE IN CONTROL SEVERANCE PLAN

 INTRODUCTION 
 The Board of Directors of Motorola Mobility Holdings, Inc. considers the maintenance of a sound management to be essential to protecting and enhancing the best interests of the Company (as hereinafter
defined) and its stockholders. In this connection, the Company recognizes that the possibility of a Change in Control (as hereinafter defined) may exist from time to time, and that this possibility, and the uncertainty and questions it may raise
among management, may result in the departure or distraction of management personnel to the detriment of the Company and its stockholders. Accordingly, the Board (as hereinafter defined) has determined that appropriate steps should be taken to
encourage the continued attention and dedication of members of the Company’s management to their assigned duties without the distraction which may arise from the possibility of a Change in Control. 

This Plan does not alter the status of Participants (as hereinafter defined) as at-will employees of the Company. Just as Participants
remain free to leave the employ of the Company at any time, so too does the Company retain its right to terminate the employment of Participants without notice, at any time, for any reason. However, the Company believes that, both prior to and at
the time a Change in Control is anticipated or occurring, it is necessary to have the continued attention and dedication of Participants to their assigned duties without distraction, and this Plan is intended as an inducement for Participants’
willingness to continue to serve as employees of the Company (subject, however, to either party’s right to terminate such employment at any time). Therefore, should a Participant still be an employee of the Company at such time, the Company
agrees that such Participant shall receive the severance benefits hereinafter set forth in the event the Participant’s employment with the Company terminates under the circumstances described below. 

ARTICLE I  

ESTABLISHMENT OF PLAN 
 As of February 15, 2011, the Company establishes the Motorola Mobility Holdings, Inc. Change in Control Severance Plan, as set forth in this document. 

ARTICLE II  

DEFINITIONS 
 As used herein the following words and phrases shall have the following respective meanings unless the context clearly indicates otherwise. 

(a) Affiliate. Any entity which controls, is controlled by or is under common control with the Company. 

 (b) Annual Bonus. 

(i) With respect to any Legacy Plan Participant (as defined in Section 1(d)), the Highest Annual Bonus. 

(ii) With respect to any Participant who is not a Legacy Plan Participant, the Average Annual Bonus. 

(c) Annual Base Salary. The Participant’s annual base salary paid or payable, including any base salary that is subject to
deferral, to the Participant by the Company or any of its Affiliates at the rate in effect (or required to be in effect before any diminution that is a basis of the Participant’s termination for Good Reason) on the Date of Termination or
immediately prior to the Change in Control if the Participant’s annual base salary was higher at such time. 
 (d)
Applicable Multiple. 
 (i) With respect to any Participant who is at or above the level of Senior Vice President and who
became a Senior Vice President (or higher) prior to January 5, 2011, three (3). 
 (ii) With respect to any Participant who
is at or above the level of Corporate Vice President, but below the level of Senior Vice President, and who became a Corporate Vice President (or higher) after May 9, 2001 and prior to January 5, 2011, two (2). 

(iii) With respect to any Participant, other than a Participant identified in clause (i) or (ii) of this Section 1(d), two
(2). 
 The Participants described in clauses (i) and (ii) of this Section 1(d) are referred to as “Legacy Plan
Participants.” 
 (e) Average Annual Bonus. The Participant’s average annual bonus, including any bonus or
portion thereof that has been earned but deferred (and annualized for any fiscal year consisting of less than twelve (12) full months or during which the Participant was employed for less than twelve (12) full months), the Participant
received from the Company or any of its Affiliates during (i) the three (3) full fiscal years of the Company immediately preceding the Change in Control, or (ii) the three (3) full fiscal years of the Company immediately
preceding the Date of Termination, if greater, or in the event of a termination of employment prior to a Change in Control. If included in the applicable three (3) year period, the calculation of Average Annual Bonus shall include annual bonus
amounts relating to service to Motorola Solutions, Inc. (formerly known as Motorola, Inc.) or any of its Affiliates prior to the spin-off of the Company from Motorola Solutions, Inc. (formerly known as Motorola, Inc.). 

(f) Board. The Board of Directors of the Company. 
 (g) Cause. With respect to any Participant: (i) the Participant’s conviction, or entering into a plea of either guilty or nolo contendere to, any felony, or any misdemeanor
involving material acts of moral turpitude, embezzlement, theft, or other similar act, (ii) the Participant’s willful engagement in gross misconduct in the performance of the Participant’s

 
duties, (iii) the Participant’s willful and material violation of any policy or Code of Business Conduct of the Company or any of its Affiliates, or (iv) the Participant’s
unauthorized use or disclosure of confidential information or trade secrets. 
 (h) Change in Control. The occurrence of
any of the following events: 
 (i) Any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of
the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) (a “Person”) becomes the beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either
(A) the then-outstanding shares of common stock of the Company (the “Outstanding Company Common Stock”) or (B) the combined voting power of the then-outstanding voting securities of the Company entitled to vote generally
in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that, for purposes of this Section 2(e), the following acquisitions shall not constitute a Change in Control:
(1) any acquisition directly from the Company, (2) any acquisition by the Company, (3) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any of its Affiliates or (4) any
acquisition pursuant to a transaction that complies with Sections 2(h)(iii)(A), 2(h)(iii)(B) and 2(h)(iii)(C); 
 (ii)
Individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director
subsequent to the date hereof whose election, or nomination for election by the Company’s stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such
individual was a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of
directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; 

(iii) Consummation of a reorganization, merger, statutory share exchange or consolidation or similar transaction involving the Company or
any of its subsidiaries, a sale or other disposition of all or substantially all of the assets of the Company, or the acquisition of assets or securities of another entity by the Company or any of its subsidiaries (each, a “Business
Combination”), in each case unless, following such Business Combination, (A) all or substantially all of the individuals and entities that were the beneficial owners of the Outstanding Company Common Stock and the Outstanding Company
Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, at least 65% of the then-outstanding shares of common stock (or, for a non-corporate entity, equivalent securities) and the combined voting
power of the then-outstanding voting securities entitled to vote generally in the election of directors (or, for a non-corporate entity, equivalent governing body), as the case may be, of the entity resulting from such Business Combination
(including, without limitation, an entity that, as a result of such transaction, owns the Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions as
their ownership immediately prior to such Business Combination of the Outstanding Company Common Stock and the Outstanding Company Voting Securities, as the case may be, (B) no Person (excluding any entity resulting from such Business
Combination or 

 
any employee benefit plan (or related trust) of the Company or such entity resulting from such Business Combination) beneficially owns, directly or indirectly, 20% or more of, respectively, the
then-outstanding shares of common stock (or, for a non-corporate entity, equivalent securities) of the entity resulting from such Business Combination or the combined voting power of the then-outstanding voting securities of such entity, except to
the extent that such ownership existed prior to the Business Combination, and (C) at least a majority of the members of the board of directors (or, for a non-corporate entity, equivalent governing body) of the entity resulting from such
Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement or of the action of the Board providing for such Business Combination; or 

(iv) Approval by the stockholders of the Company of a complete liquidation or dissolution of the Company. 

(i) Code. The Internal Revenue Code of 1986, as amended from time to time. 

(j) Company. Motorola Mobility Holdings, Inc. and any successor thereto. 

(k) Date of Termination. (i) if the Participant’s employment is terminated by the Company for Cause,
or by the Participant for Good Reason, the date of receipt of the Notice of Termination or such later date specified in the Notice of Termination, as the case may be, (ii) if the Participant’s employment is terminated by the Company other
than for Cause or Disability, the date on which the Company notifies the Participant of such termination, (iii) if the Participant resigns without Good Reason, the date on which the Participant notifies the Company of such termination, and
(iv) if the Participant’s employment is terminated by reason of death or Disability, the date of death of the Participant or the 30th day after receipt of such notice by the Participant, as the case may be. Notwithstanding the foregoing, in no event
shall the Date of Termination occur until the Participant experiences a “separation from service” within the meaning of Section 409A of the Code, and the date on which such separation from service takes place shall be the “Date
of Termination.” 
 (l) Disability. A condition such that the Participant by reason of physical or mental disability
becomes unable to perform Participant’s normal duties for more than one-hundred eighty (180) days in the aggregate (excluding infrequent or temporary absence due to ordinary transitory illness) during any twelve-month period. 

(m) Effective Date. The Effective Date shall be February 15, 2011. 

(n) Employee. Any full-time, regular-benefit, non-bargaining employee of the Company. 

(o) ERISA. The Employee Retirement Income Security Act of 1974, as amended from time to time. 

(p) Good Reason. Actions taken by the Company resulting in a material negative change in the employment relationship. For these
purposes, with respect to any Participant, a “material negative change in the employment relationship” shall include, without 

 
limitation, without such Participant’s written consent, (i) the Participant is assigned duties materially inconsistent with such Participant’s position, duties, responsibilities
and status with the Company during (A) the 90-day period immediately preceding a Change in Control or (B) the 90-day period immediately preceding the Date of Termination in the event of a termination of employment prior to a Change in
Control, (ii) the Participant’s position, authority, duties or responsibilities are materially diminished from those in effect during (A) the 90-day period immediately preceding a Change in Control (whether or not occurring solely as
a result of the Company ceasing to be a publicly traded entity) or (B) the 90-day period immediately preceding the Date of Termination in the event of a termination of employment prior to a Change in Control, (iii) a material reduction in
the Participant’s (x) annual base salary or (y) total annual compensation opportunity, from such total annual compensation opportunity as in effect during (A) the 90-day period immediately prior to the Change in Control, or as
the same may be increased from time to time or (B) the 90-day period immediately preceding the Date of Termination in the event of a termination of employment prior to a Change in Control, (iv) the Company requires the Participant
regularly to perform such Participant’s duties of employment beyond a fifty (50) mile radius from the location of the Participant’s employment immediately prior to the Change in Control, (v) the Company fails to obtain a
satisfactory agreement from any successor to assume and perform this Plan, as contemplated by Article V hereof, or (vi) any other action or inaction that constitutes a material breach by the Company of this Plan with respect to such
Participant. 
 In order to invoke a termination of employment for Good Reason, the Participant shall provide a Notice of Termination pursuant
to Section 7.5 to the Company’s General Counsel of the existence of one or more of the conditions described in clauses (i) through (v) within 90 days following the initial existence of such condition or conditions, specifying in
reasonable detail the conditions constituting Good Reason (hereinafter, “Notice of Good Reason”), and the Company shall have 30 days following receipt of such written notice (the “Cure Period”) during which it may
remedy the condition. In the event that the Company fails to remedy the condition constituting Good Reason during the applicable Cure Period, the Participant’s “separation from service” (within the meaning of Section 409A) must
occur, if at all, within two years following the initial existence of the condition or conditions constituting Good Reason (or, if earlier, prior to the two year anniversary of the Change in Control) in order for such termination as a result of such
condition to constitute a termination for Good Reason. The Participant’s mental or physical incapacity following the occurrence of an event described above in clauses (i) through (vi) shall not affect the Participant’s ability to
terminate employment for Good Reason and the Participant’s death following delivery of a Notice of Good Reason shall not affect the Participant’s estate’s entitlement to Separation Benefits provided hereunder. 

(q) Highest Annual Bonus. The Participant’s highest annual bonus, including any bonus or portion thereof that has been earned
but deferred (and annualized for any fiscal year consisting of less than twelve (12) full months or during which the Participant was employed for less than twelve (12) full months), the Participant received from the Company or any of its
Affiliates during the five (5) full fiscal years of the Company immediately preceding the Date of Termination, including for this purpose annual bonus amounts relating to service to Motorola Solutions, Inc. (formerly known as Motorola, Inc.) or
any of its Affiliates prior to the spin-off of the Company from Motorola Solutions, Inc. (formerly known as Motorola, Inc.). 

 (r) Notice of Termination. A written notice that (i) indicates the specific
termination provision in this Plan relied upon, and (ii) to the extent applicable, sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Participant’s employment under the provision
so indicated. The failure by the Participant or the Company to set forth in the Notice of Termination any fact or circumstance that contributes to a showing of Good Reason or Cause shall not waive any right of the Participant or the Company,
respectively, hereunder or preclude the Participant or the Company, respectively, from asserting such fact or circumstance in enforcing the Participant’s or the Company’s respective rights hereunder. 

(s) Participant. An individual who qualifies as such pursuant to Section 3.1. 

(t) Plan. The Motorola Mobility Holdings, Inc. Change in Control Severance Plan. 

(u) Qualifying Termination. 
 (i) At any time following a Change in Control and prior to the second anniversary of the Change in Control, the Participant’s employment is terminated (A) involuntarily for any reason other than
Cause, death, Disability or retirement under a mandatory retirement policy of the Company or any of its Subsidiaries as in effect prior to such time as negotiations or discussions with a third party which ultimately lead to a Change in Control have
commenced or (B) by the Participant for Good Reason; or 
 (ii) At any time prior to a Change in Control, but subsequent to
such time as negotiations or discussions with a third party relating to a Change in Control have commenced, the Participant’s employment is terminated (A) involuntarily for any reason other than Cause, death, Disability or retirement under
a mandatory retirement policy of the Company or any of its Subsidiaries as in effect prior to such time as negotiations or discussions with a third party regarding a Change in Control have commenced or (B) by the Participant for Good Reason;
provided, however, that in the case of each of clauses (A) and (B), the affected Participant demonstrates that such termination or circumstance leading to such termination (1) was at the request of a third party with which
the Company had entered into negotiations or an agreement with regard to a Change in Control; or (2) otherwise occurred in connection with a potential Change in Control. 
 (v) Section 409A. Section 409A of the of the Code, and the rules and regulations issued thereunder. 
 (w) Separation Benefits. The benefits described in Section 4.2 that are provided to qualifying Participants under the Plan. 

(x) Subsidiary. Any corporation in which the Company, directly or indirectly, holds a majority of the voting power of such
corporation’s outstanding shares of capital stock. 

 ARTICLE III  
 ELIGIBILITY 
 3.1 Participation. Each Employee who has been
designated by the Compensation Committee of the Board (the “Committee”) in writing as a Participant shall be a Participant in the Plan. Appendix A of this Plan, as it may be updated from time to time by the Committee, shall at all
times contain a current list of Participants. Notwithstanding the foregoing, a Participant shall not be entitled to receive Separation Benefits (or any other benefits under the Plan) if the Participant has entered into an agreement with the Company
that provides for benefits similar to the Separation Benefits in the event of a termination of employment following (or prior to and in connection with) a Change in Control, unless such agreement specifically provides otherwise. 

3.2 Duration of Participation. The Committee may remove an Employee as a Participant by removing the Employee from Appendix A of
this Plan, as it may be updated from time to time by the Committee, and by providing written notice of removal to such Employee; provided that no such removal shall be effective (a) during the two year period following a Change in
Control, (b) if effectuated in connection with a potential Change in Control or (c) at such time as the Participant is entitled to payment of a Separation Benefit or any other amounts payable under the Plan. In addition, a Participant
shall cease to be a Participant in the Plan as a result of an amendment or termination of the Plan complying with Article VI of the Plan, or when the Participant ceases to be an Employee or no longer qualifies as a Participant under
Section 3.1, unless, at the time the Participant ceases to be an Employee or no longer qualifies as a Participant under Section 3.1, such Participant is entitled to payment of a Separation Benefit or any other amounts payable under the
Plan or there has been an event or occurrence constituting Good Reason that would enable the Participant to terminate employment and receive a Separation Benefit. A Participant entitled to payment of a Separation Benefit or any other amounts payable
under the Plan shall remain a Participant in the Plan until the full amount of the Separation Benefit and any other amounts payable under the Plan have been paid to the Participant. 

ARTICLE IV 

SEPARATION BENEFITS 
 4.1 Terminations of Employment Which Give Rise to Separation Benefits Under This Plan. A Participant shall be entitled to Separation Benefits as set forth in Section 4.2 below if the
Participant experiences a Qualifying Termination. For purposes of this Plan, any purported termination by the Company or by the Participant shall be communicated by written Notice of Termination to the other in accordance with Section 7.5
hereof and, to the extent applicable, Section 2(p) hereof. 

 4.2 Separation Benefits. 

(a) If a Participant experiences a Qualifying Termination, then the Company shall pay to the Participant, in a lump sum in cash within
ten (10) days after the Date of Termination, the aggregate of the following amounts which benefits, except as provided in Section 7.4 below, shall be in addition to any other benefits to which the Participant is entitled other than by
reason of this Plan: 
 (i) unpaid salary with respect to any paid time off accrued but not taken as of the Date of Termination;

 (ii) accrued but unpaid salary through the Date of Termination; 

(iii) any earned but unpaid annual incentive bonuses from the fiscal year immediately preceding the year in which the Date of Termination
occurs (unless (x) such annual incentive bonus is “nonqualified deferred compensation” within the meaning of Section 409A, in which case such bonus shall be paid at the time that bonuses with respect to such fiscal year are or
otherwise would be paid in accordance with the terms of the applicable plan or (y) the Participant has made an irrevocable election under any deferred compensation arrangement subject to Section 409A to defer any portion of such annual
incentive bonuses, in which case any such deferred bonuses shall be paid in accordance with such election); 
 (iv) an amount
equal to the Applicable Multiple times the Participant’s Annual Base Salary; and 
 (v) an amount equal to the Applicable
Multiple times the Participant’s Annual Bonus. 
 (b) In addition, in the event of a Qualifying Termination, the
Participant shall be entitled to a pro-rated bonus determined as follows: 
 (i) if the Participant participates in the Motorola
Mobility Holdings, Inc. Incentive Plan (“MIP Plan”) during the year in which the Qualifying Termination occurs, the Company shall, on the first payroll date following July 1 of the year following the year in which the
Qualifying Termination occurs (unless the Participant has made an irrevocable election under any deferred compensation arrangement subject to Section 409A to defer any portion of the Participant’s annual incentive bonus in respect of the
year in which the Qualifying Termination occurs, in which case such deferred bonus shall be paid in accordance with such election) (the “MIP Pro-Rata Bonus Payment Date”), pay the Participant in a lump sum an amount equal to the
product of (A) the Participant’s annual target bonus for the fiscal year in which the Date of Termination occurs (which for purposes of this Section 4.2 in no event shall be less than the Participant’s target bonus for the fiscal
year in which the Change in Control occurs) and (B) a fraction, the numerator of which is the number of days in the then current fiscal year that have elapsed through the Date of Termination and the denominator of which is 365 (the “MIP
Pro-Rata Bonus”); 

 (ii) if the Participant participates in a sales incentive plan pursuant to which the
Participant is eligible for an incentive award with respect to monthly or quarterly performance periods during the year in which the Qualifying Termination occurs, the Company shall pay the Participant, at the time set forth in the applicable sales
incentive plan, an amount equal to the product of (A) the Participant’s monthly or quarterly target incentive under the applicable sales incentive plan (which for purposes of this Section 4.2 in no event shall be less than the
Participant’s target bonus for the performance period in which the Change in Control occurs), and (B) a fraction, the numerator of which is the number of days that have elapsed in the then current monthly or quarterly performance period
through the Date of Termination and the denominator of which is the full number of days in the then current monthly or quarterly performance period; and 
 (iii) if the Participant participates in a sales incentive plan pursuant to which the Participant is eligible for an incentive award (or a portion of an incentive award) with respect to an annual
performance period during the year in which the Qualifying Termination occurs, the Company shall pay the Participant, on the MIP Pro-Rata Bonus Payment Date, for such award (or portion of award) an amount equal to the product of (A) the
Participant’s annual target bonus for the fiscal year in which the Date of Termination occurs (which for purposes of this Section 4.2 in no event shall be less than the Participant’s target bonus for the fiscal year in which the
Change in Control occurs) and (B) a fraction, the numerator of which is the number of days in the then current fiscal year that have elapsed through the Date of Termination and the denominator of which is 365. 

(c) If the Participant’s employment is terminated under circumstances which entitle the Participant to Separation Benefits under
this Section 4.2, for a number of years following the Date of Termination equal to the Applicable Multiple (such period, the “Benefit Continuation Period”), the Company shall provide the Participant and the Participant’s
eligible dependents with continued health care, dental and life insurance benefits under the Company’s health care, dental and life insurance benefits programs, provided that the Participant complies with all terms and conditions of the
applicable plans, including paying the necessary employee contributions; and provided, further, that, if the Participant becomes reemployed with another employer and becomes eligible to receive health care, dental or life insurance
benefits under another employer provided plan, the benefits described herein shall be secondary to those provided under such other plan during such applicable period of eligibility. The difference between the cost for such health care and dental
benefits under Section 4980B of the Code and the amount of the necessary contributions that the Participant is required to pay for such coverage as provided above will be paid by the Company and considered imputed income to the Participant. The
Participant is responsible for the payment of income tax due as a result of such imputed income. Following the end of the Benefit Continuation Period, the Participant shall be eligible for continued medical and dental coverage as required by
Section 4980B of the Code or other applicable law, as if the Participant’s employment with the Company had terminated as of the end of such period. 
 (d) Except as provided in Section 4.2(c), the Participant shall not be required to mitigate the amount of any payment provided for in this Section 4.2 by seeking other employment or otherwise,
nor shall the amount of any payment or benefit provided for in this 

 
Section 4.2 be reduced by any compensation earned by the Participant as the result of employment by another employer or by retirement benefits paid by the Company after the Date of
Termination, or otherwise, or by any set-off, counterclaim, recoupment, or other claim, right or action the Company may have against the Participant or others. 
 4.3 Certain Additional Payments by the Company. This Section 4.3 shall apply solely with respect to any Legacy Plan Participant. 

(a) Anything in this Plan to the contrary notwithstanding and except as set forth below, in the event it shall be determined that any
Payment (as hereinafter defined) would be subject to the Excise Tax (as hereinafter defined), then the Participant shall be entitled to receive an additional payment (the “Gross-Up Payment”) in an amount such that, after payment by
the Participant of all taxes (and any interest or penalties imposed with respect to such taxes), including, without limitation, any income taxes (and any interest and penalties imposed with respect thereto), employment taxes and Excise Tax imposed
upon the Gross-Up Payment, but excluding any income taxes and penalties imposed pursuant to Section 409A, the Participant retains an amount of the Gross-Up Payment equal to the Excise Tax imposed upon the Payments. Notwithstanding the foregoing
provisions of this Section 4.3(a), if it shall be determined that the Participant is entitled to the Gross-Up Payment, but that the Parachute Value (as hereinafter defined) of all Payments do not exceed 110% of the Safe Harbor Amount (as
hereinafter defined), then no Gross-Up Payment shall be made to the Participant and the amounts payable under this Plan shall be reduced so that the Parachute Value of all Payments, in the aggregate, equals the Safe Harbor Amount. The reduction of
the amounts payable hereunder, if applicable, shall be made by reducing the payments and benefits under the following sections in the following order: (i) Section 4.2(a)(v), (ii) Section 4.2(a)(iv) and
(iii) Section 4.2(c). For purposes of reducing the Payments to the Safe Harbor Amount, only amounts payable under this Plan (and no other Payments) shall be reduced. If the reduction of the amount payable under this Plan would not result
in a reduction of the Parachute Value of all Payments to the Safe Harbor Amount, no amounts payable under the Plan shall be reduced pursuant to this Section 4.3(a). The Company’s obligation to make Gross-Up Payments under this
Section 4.3(a) shall not be conditioned upon the Participant’s termination of employment. 
 (b) Subject to the
provisions of Section 4.3(c), all determinations required to be made under this Section 4.3, including whether and when a Gross-Up Payment is required, the amount of such Gross-Up Payment and the assumptions to be utilized in arriving at
such determination, shall be made by a nationally recognized accounting firm as may be selected by the Company prior to a Change in Control (the “Accounting Firm”). The Accounting Firm shall provide detailed supporting calculations
both to the Company and the Participant within fifteen (15) business days of the receipt of notice from the Participant that there has been a Payment or such earlier time as is requested by the Company. In the event that the Accounting Firm is
serving as accountant or auditor for the individual, entity or group effecting the Change in Control, the Company shall appoint another nationally recognized accounting firm to make the determinations required hereunder (which accounting firm shall
then be referred to as the Accounting Firm hereunder). All fees and expenses of the Accounting Firm shall be borne solely by the Company. As a result of the uncertainty in the application of Section 4999 of the Code at the time of the initial
determination by the Accounting Firm hereunder, it is possible that Gross-

 
Up Payments that will not have been made by the Company should have been made (the “Underpayment”), consistent with the calculations required to be made hereunder. In the event
the Company exhausts its remedies pursuant to Section 4.3(c) and the Participant thereafter is required to make a payment of any Excise Tax, the Accounting Firm shall determine the amount of the Underpayment that has occurred and any such
Underpayment shall be promptly paid by the Company to or for the benefit of the Participant. 
 (c) The Participant shall notify
the Company in writing of any claim by the Internal Revenue Service that, if successful, would require the payment by the Company of the Gross-Up Payment. Such notification shall be given as soon as practicable, but no later than ten
(10) business days after the Participant is informed in writing of such claim. The Participant shall apprise the Company of the nature of such claim and the date on which such claim is requested to be paid. The Participant shall not pay such
claim prior to the expiration of the 30-day period following the date on which the Participant gives such notice to the Company (or such shorter period ending on the date that any payment of taxes with respect to such claim is due). If the Company
notifies the Participant in writing prior to the expiration of such period that the Company desires to contest such claim, the Participant shall: 
  

	 	(1)	give the Company any information reasonably requested by the Company relating to such claim, 

 

	 	(2)	take such action in connection with contesting such claim as the Company shall reasonably request in writing from time to time, including, without limitation, accepting
legal representation with respect to such claim by an attorney reasonably selected by the Company, 

  

	 	(3)	cooperate with the Company in good faith in order effectively to contest such claim, and 

 

	 	(4)	permit the Company to participate in any proceedings relating to such claim; 

 provided, however, that the Company shall bear and pay directly all costs and expenses (including additional interest and penalties) incurred in connection with such contest, and shall indemnify
and hold the Participant harmless, on an after-tax basis, for any Excise Tax or income tax (including interest and penalties) imposed as a result of such representation and payment of costs and expenses. Without limitation of the foregoing
provisions of this Section 4.3(c), the Company shall control all proceedings taken in connection with such contest, and, at its sole discretion, may pursue or forgo any and all administrative appeals, proceedings, hearings and conferences with
the applicable taxing authority in respect of such claim and may, at its sole discretion, either pay the tax claimed to the appropriate taxing authority on behalf of the Participant and direct the Participant to sue for a refund or contest the claim
in any permissible manner, and the Participant agrees to prosecute such contest to a determination before any administrative tribunal, in a court of initial jurisdiction and in one (1) or more appellate courts, as the Company shall determine;
provided, however, that, if the Company pays such claim and directs the Participant to sue for a refund, the Company shall indemnify and hold the Participant harmless, on an after-tax basis, from any Excise Tax or income tax (including
interest or 

 
penalties) imposed with respect to such payment or with respect to any imputed income in connection with such payment; and provided, further, that any extension of the statute of
limitations relating to payment of taxes for the Participant’s taxable year with respect to which such contested amount is claimed to be due is limited solely to such contested amount. Furthermore, the Company’s control of the contest
shall be limited to issues with respect to which the Gross-Up Payment would be payable hereunder, and the Participant shall be entitled to settle or contest, as the case may be, any other issue raised by the Internal Revenue Service or any other
taxing authority. 
 (d) If, after the receipt by the Participant of a Gross-Up Payment or payment by the Company of an amount
on the Participant’s behalf pursuant to Section 4.3(c), the Participant becomes entitled to receive any refund with respect to the Excise Tax to which such Gross-Up Payment relates or with respect to such claim, the Participant shall
(subject to the Company’s complying with the requirements of Section 4.3(c)) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after payment by
the Company of an amount on the Participant’s behalf pursuant to Section 4.3(c), a determination is made that the Participant shall not be entitled to any refund with respect to such claim and the Company does not notify the Participant in
writing of its intent to contest such denial of refund prior to the expiration of thirty (30) days after such determination, then the amount of such payment shall offset, to the extent thereof, the amount of Gross-Up Payment required to be
paid. 
 (e) Any Gross-Up Payment, as determined pursuant to this Section 4.3, shall be paid by the Company to the
Participant within ten (10) days of the receipt of the Accounting Firm’s determination; provided that, the Gross-Up Payment shall in all events be paid no later than the end of the Participant’s taxable year next following the
Participant’s taxable year in which the Excise Tax (and any income or other related taxes or interest or penalties thereon) on a Payment are remitted to the Internal Revenue Service or any other applicable taxing authority or, in the case of
amounts relating to a claim described in Section 4.3(c) that does not result in the remittance of any federal, state, local and foreign income, excise, social security and other taxes, the calendar year in which the claim is finally settled or
otherwise resolved. 
 (f) Notwithstanding any other provision of this Section 4.3, the Company may, in its sole
discretion, withhold and pay over to the Internal Revenue Service or any other applicable taxing authority, for the benefit of the Participant, all or any portion of the Gross-Up Payment, and the Participant hereby consents to such withholding;
provided, that, such withholding and payment shall in no event place the Participant in a less favorable tax position than had such payments been made to the Participant by the Company. 

(g) Definitions. The following terms shall have the following meanings for purposes of this Section 4.3 and for purposes of
Section 4.4. 
 (i) “Excise Tax” shall mean the excise tax imposed by Section 4999 of
the Code, together with any interest or penalties imposed with respect to such excise tax. 

 (ii) “Net After-Tax Amount” of a Payment shall mean the
Parachute Value of a Payment net of all taxes imposed on the Participant with respect thereto under Sections 1 and 4999 of the Code and applicable state and local law, determined by applying the highest marginal rates that are expected to apply
to Participant’s taxable income for the taxable year in which the Payment is made. 
 (iii)
“Parachute Value” of a Payment shall mean the present value as of the date of the change of control for purposes of Section 280G of the Code of the portion of such Payment that constitutes a “parachute payment” under
Section 280G(b)(2), as determined by the Accounting Firm for purposes of determining whether and to what extent the Excise Tax will apply to such Payment. 
 (iv) “Payment” shall mean any payment or distribution in the nature of compensation (within the meaning of Section 280G(b)(2) of the Code) to or for the benefit of the Participant,
whether paid or payable pursuant to this Plan or otherwise. 
 (v) “Safe Harbor Amount” means
the maximum Parachute Value of all Payments that the Participant can receive without any Payments being subject to the Excise Tax. 
 4.4 Limitation on Payments Under Certain Circumstances. This Section 4.4 shall apply to any Participant who is not a Legacy Plan Participant. 

(a) In the event the Accounting Firm shall determine that receipt of all Payments would subject the Participant to the Excise Tax, the
Accounting Firm shall determine whether to reduce any of the Payments paid or payable pursuant to this Plan (the “Plan Payments”) so that the Parachute Value of all Payments, in the aggregate, equals the Safe Harbor Amount. The Plan
Payments shall be so reduced only if the Accounting Firm determines that the Participant would have a greater Net After-Tax Amount of aggregate Payments if the Plan Payments were so reduced. If the Accounting Firm determines that the Participant
would not have a greater Net After-Tax Amount of aggregate Payments if the Plan Payments were so reduced, the Participant shall receive all Plan Payments to which the Participant is entitled hereunder. 

(b) If the Accounting Firm determines that aggregate Plan Payments should be reduced so that the Parachute Value of all Payments, in the
aggregate, equals the Safe Harbor Amount, the Company shall promptly give the Participant notice to that effect and a copy of the detailed calculation thereof. All determinations made by the Accounting Firm under this Section 4.4 shall be
binding upon the Company and the Participant and shall be made as soon as reasonably practicable and in no event later than 5 days following the Date of Termination. For purposes of reducing the Plan Payments so that the Parachute Value of all
Payments, in the aggregate, equals the Safe Harbor Amount, only amounts payable under this Plan (and no other Payments) shall be reduced. The reduction of the amounts payable hereunder, if applicable, shall be made by reducing the payments and
benefits under the following sections in the following order: (i) Section 4.2(a)(v), (ii) Section 4.2(a)(iv) and (iii) Section 4.2(c). All fees and expenses of the Accounting Firm shall be borne solely by the Company.

 (c) As a result of the uncertainty in the application of Section 4999 of the Code at
the time of the initial determination by the Accounting Firm hereunder, it is possible that amounts will have been paid or distributed by the Company to or for the benefit of the Participant pursuant to this Agreement which should not have been so
paid or distributed (“Overpayment”) or that additional amounts which will have not been paid or distributed by the Company to or for the benefit of the Participant pursuant to this Agreement could have been so paid or distributed
(“Section 4.4 Underpayment”), in each case, consistent with the calculation of the Safe Harbor Amount hereunder. In the event that the Accounting Firm, based upon the assertion of a deficiency by the Internal Revenue Service against
either the Company or the Participant which the Accounting Firm believes has a high probability of success, determines that an Overpayment has been made, the Participant shall pay promptly (and in no event later than 60 days following the date on
which the Overpayment is determined) pay any such Overpayment to the Company together with interest at the applicable federal rate provided for in Section 7872(f)(2) of the Code; provided, however, that no amount shall be payable
by the Participant to the Company if and to the extent such payment would not either reduce the amount on which the Participant is subject to tax under Section 1 and Section 4999 of the Code or generate a refund of such taxes. In the event
that the Accounting Firm, based upon controlling precedent or substantial authority, determines that a Section 4.4 Underpayment has occurred, any such Section 4.4 Underpayment shall be paid promptly (and in no event later than 60 days
following the date on which the Section 4.4 Underpayment is determined) by the Company to or for the benefit of the Participant together with interest at the applicable federal rate provided for in Section 7872(f)(2) of the Code.

 ARTICLE V  
 SUCCESSOR TO COMPANY 
 This Plan shall inure to the benefit of and be
binding upon the Company and its successors. The Company shall require any corporation, entity, individual or other person who is the successor (whether direct or indirect by purchase, merger, consolidation, reorganization or otherwise) to all or
substantially all the business and/or assets of the Company to expressly assume and agree to perform, by a written agreement in form and in substance satisfactory to the Company, all of the obligations of the Company under this Plan. As used in this
Plan, the term “Company” shall mean the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid that assumes and agrees to perform this Plan by operation of law, written agreement or otherwise. It is a
condition of this Plan, and all rights of each person eligible to receive benefits under this Plan shall be subject hereto, that no right or interest of any such person in this Plan shall be assignable or transferable in whole or in part, except by
operation of law, including, but not by way of limitation, lawful execution, levy, garnishment, attachment, pledge, bankruptcy, alimony, child support or qualified domestic relations order. 

ARTICLE VI 

DURATION, AMENDMENT AND TERMINATION 
 6.1 Duration. Unless earlier terminated pursuant to Section 6.2, if a Change in Control has not occurred, this Plan shall expire three (3) years from the Effective Date; provided,
that upon each annual anniversary of the Effective Date (each such annual anniversary a 

 
“Renewal Date”), the Plan shall be extended for an additional year, unless pursuant to a resolution adopted by the Board prior to the Renewal Date the Company determines not to
so extend the Plan. If a Change in Control occurs while this Plan is in effect, this Plan shall continue in full force and effect for at least two (2) years following such Change in Control, and shall not terminate or expire until after all
Participants who become entitled to any payments or benefits hereunder shall have received such payments and benefits in full. 

6.2 Amendment or Termination. The Company reserves the right to amend, modify, suspend or terminate the Plan at any time by action
of a majority of the Board; provided that no such amendment, modification, suspension or termination that has the effect of reducing or diminishing the right of any Participant shall be effective without the written consent of such
Participant for a period of two years following the Change in Control if adopted after a Change in Control or in anticipation of a Change in Control. Any amendment, modification, suspension or termination of this Plan adopted after a Change in
Control or in anticipation of a Change in Control shall not affect the right of any Participant to payments or benefits to be paid or provided as a result of events that occur prior to the second anniversary of the Change in Control. 

6.3 Procedure for Extension, Amendment or Termination. Any extension, amendment or termination of this Plan by the Board in
accordance with this Article VI shall be made by action of the Board in accordance with the Company’s charter and by-laws and applicable law. 
 ARTICLE VII 
 MISCELLANEOUS 

7.1 Default in Payment. Any payment not made within ten (10) days after it is due in accordance with this Plan shall
thereafter bear interest, compounded annually, at the prime rate from time to time in effect at JPMorgan Chase & Co. or any successor thereto. 
 7.2 No Assignment. No interest of any Participant or spouse of any Participant or any other beneficiary under this Plan, or any right to receive payment hereunder, shall be subject in any manner to
sale, transfer, assignment, pledge, attachment, garnishment, or other alienation or encumbrance of any kind, nor may such interest or right to receive a payment or distribution be taken, voluntarily or involuntarily, for the satisfaction of the
obligations or debts of, or other claims against, a Participant or spouse of a Participant or other beneficiary, including for alimony. 
 7.3 Disputes. The Company shall upon request pay from time to time a Participant’s reasonable out-of-pocket expenses, including legal fees and expenses, incurred by the Participant or on the
Participant’s behalf (within 10 days following the Company’s receipt of an invoice from the Participant), at any time from the occurrence of a Change in Control through the Participant’s remaining lifetime (or, if longer, through the
20th anniversary of the occurrence of such Change in
Control) in connection with any action taken by the Participant or on the Participant’s behalf (including any judicial proceeding) to enforce this Plan or to construe, or to determine or defend the validity of, this Plan or otherwise in
connection herewith; provided, however, that, in the case of any judicial proceeding in which a Participant and the Company are 

 
adverse parties or any dispute under Section 4.3 or Section 4.4 hereof, the Company shall not be required to pay such expenses (and shall have the right to recover such expenses from
the Participant if previously advanced) with respect to any position or claim on which the Company ultimately prevails against the Participant in all material respects. In order to comply with Section 409A, in no event shall the payments by the
Company under this Section 7.3 be made later than the end of the calendar year next following the calendar year in which such fees and expenses were incurred, provided, that the Participant shall have submitted an invoice for such fees
and expenses at least ten (10) days before the end of the calendar year next following the calendar year in which such fees and expenses were incurred. The amount of such legal fees and expenses that the Company is obligated to pay in any given
calendar year shall not affect the legal fees and expenses that the Company is obligated to pay in any other calendar year, and the Participant’s right to have the Company pay such legal fees and expenses may not be liquidated or exchanged for
any other benefit. In any judicial or other proceeding in which the Participant’s rights to, or the amount of, benefits hereunder is disputed, the ultimate burden of proof shall be on the Company. 

7.4 Effect on Other Plans, Agreements and Benefits. Except to the extent expressly set forth herein, any benefit or compensation
to which a Participant is entitled under any agreement between the Participant and the Company or any of its Subsidiaries or under any plan maintained by the Company or any of its Subsidiaries in which the Participant participates or participated
shall not be modified or lessened in any way, but shall be payable according to the terms of the applicable plan or agreement. Notwithstanding the foregoing, any benefits received by a Participant pursuant to this Plan shall be in lieu of any
severance benefits to which the Participant would otherwise be entitled under any general severance policy or other severance plan maintained by the Company for its management personnel and, upon consummation of a Change in Control, Participants in
this Plan shall in no event be entitled to participate in any such severance policy or other severance plan maintained by the Company for its management personnel. In the event of a Participant’s termination of employment entitling the
Participant to Separation Benefits under Section 4.2, any non-competition or non-solicitation provisions applicable to the Participant with respect to the Company or any of its Affiliates shall cease to apply as of the Participant’s Date
of Termination. 
 7.5 Notice. For the purpose of this Plan, notices and all other communications provided for in this
Plan shall be in writing and shall be deemed to have been duly given when actually delivered or mailed by United States registered mail, return receipt requested, postage prepaid, addressed to the Company’s General Counsel at the Company’s
corporate headquarters address, and to the Participant (at the last address of the Participant on the Company’s books and records), provided, that all notices to the Company shall be directed to the attention of the Board with a copy to
the Secretary. 
 7.6 Employment Status. This Plan does not constitute a contract of employment or impose on the
Participant or the Company any obligation for the Participant to remain an Employee or change the status of the Participant’s employment or the policies of the Company and its Affiliates regarding termination of employment. 

 7.7 Plan Administration. This Plan shall be administered by the Committee;
provided that in the event of an impending Change in Control, the Committee may appoint a person (or persons) independent of the third-party effectuating the Change in Control to be the Committee effective upon the occurrence of a Change in
Control and such Committee shall not be removed or modified following a Change in Control, other than at its own initiative (the “Independent Committee”). Except as otherwise provided in this Plan, the decision of the Committee
(including the Independent Committee) upon all matters within the scope of its authority shall be conclusive and binding on all parties, provided that in the event that no Independent Committee is appointed, any determination by the Committee
of whether “Cause” or “Good Reason” exists shall be subject to de novo review. 
 7.8 Unfunded
Plan Status. This Plan is intended to be an unfunded plan maintained primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees, within the meaning of Section 401 of ERISA.
All payments pursuant to the Plan shall be made from the general funds of the Company and no special or separate fund shall be established or other segregation of assets made to assure payment. No Participant or other person shall have under any
circumstances any interest in any particular property or assets of the Company as a result of participating in the Plan. Notwithstanding the foregoing, the Company may (but shall not be obligated to) create one (1) or more grantor trusts, the
assets of which are subject to the claims of the Company’s creditors, to assist it in accumulating funds to pay its obligations under the Plan. 
 7.9 Validity and Severability. The invalidity or unenforceability of any provision of the Plan shall not affect the validity or enforceability of any other provision of the Plan, which shall remain
in full force and effect, and any prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
 7.10 Section 409A. 
 (a) General. The Plan is intended to
comply with the requirements of Section 409A or an exemption or exclusion therefrom and, with respect to amounts that are subject to Section 409A, shall in all respects be administered in accordance with Section 409A. Any payments
that qualify for the “short-term deferral” exception or another exception under Section 409A shall be paid under the applicable exception. Each payment of compensation under this Plan shall be treated as a separate payment of
compensation for purposes of Section 409A. All payments to be made upon a termination of employment under this Plan may only be made upon a “separation from service” under Section 409A. In no event may the Participant, directly
or indirectly, designate the calendar year of any payment under this Plan. 
 (b) In-Kind Benefits and Reimbursements.
Notwithstanding anything to the contrary in this Plan, all reimbursements and in-kind benefits provided under this Plan shall be made or provided in accordance with the requirements of Section 409A, including, where applicable, the requirement
that (a) any reimbursement is for expenses incurred during the Participant’s lifetime (or during a shorter period of time specified in this Plan); (b) the amount of expenses eligible for reimbursement, or in-kind benefits provided,
during a calendar year may not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other 

 
calendar year, except, if such benefits consist of the reimbursement of expenses referred to in Section 105(b) of the Code, a maximum, if provided under the terms of the plan providing such
medical benefit, may be imposed on the amount of such reimbursements over some or all of the period in which such benefit is to be provided to the Participant as described in Treasury Regulation Section 1.409A-3(i)(iv)(B); (c) the
reimbursement of an eligible expense will be made no later than the last day of the calendar year following the year in which the expense is incurred, provided that the Participant shall have submitted an invoice for such fees and expenses at
least ten (10) days before the end of the calendar year next following the calendar year in which such fees and expenses were incurred; and (d) the right to reimbursement or in-kind benefits is not subject to liquidation or exchange for
another benefit. 
 (c) Delay of Payments. Notwithstanding any other provision of this Plan to the contrary, if the
Participant is considered a “specified employee” for purposes of Section 409A (as determined in accordance with the methodology established by the Company as in effect on the Date of Termination), any payment that constitutes
nonqualified deferred compensation within the meaning of Section 409A that is otherwise due to the Participant under this Plan during the six-month period following the Participant’s separation from service (as determined in accordance
with Section 409A) on account of the Participant’s separation from service shall be accumulated and paid to the Participant on the first business day after the date that is six months following the Participant’s separation from
service (the “Delayed Payment Date”). The Participant shall be entitled to Interest (at the applicable rate in effect for the month in which the separation from service occurs) on any cash payments so delayed from the scheduled date
of payment to the Delayed Payment Date. If the Participant dies during the postponement period, the amounts and entitlements delayed on account of Section 409A shall be paid to the personal representative of the Participant’s estate on the
first to occur of the Delayed Payment Date or thirty (30) days after the date of the Participant’s death. 
 7.11
Governing Law. The validity, interpretation, construction and performance of the Plan shall in all respects be governed by the laws of Delaware, without reference to principles of conflict of law, except to the extent pre-empted by Federal
law.

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