Document:

EX-10.5.2

 EXHIBIT 10.5.2 
 Form of 2011 Long Term Incentive Plan Award Agreement 
 This Award
Agreement (this “Agreement”) governs the Stock Option Award, the Restricted Stock Unit Award, and/or the Performance Share Unit Award identified below (each, an “Award, and collectively, the “Awards”) granted by GrafTech
International Ltd. (“GrafTech”) on December 13, 2011 (the “Grant Date”) to
                         (the “Participant”) under the 2005 Equity Incentive Plan, as amended (the
“Plan”), which is incorporated herein and made a part hereof. Terms not defined in this Agreement shall have the same meanings as in the Plan. 
 ARTICLE I – GRANT OF STOCK OPTION AWARD 
  

			
	 Exercise Price
	  	$13.89 per share
		
	 Option Award
	  	The option to purchase              shares of GrafTech’s Common Stock (“Shares”) conditioned
upon vesting (the “Options”).

 1.1 Option granted. Participant is hereby granted the Option Award set forth above. The Options are Nonqualified
Stock Options. 
 1.2 Time Vesting. To the extent not sooner vested or forfeited, one-third of the Options shall vest annually on each of
the first three anniversaries of the Grant Date. 
 1.3 Exercise of Option Award. The Options may be exercised only by Participant or, in
the event of Participant’s death or Disability, Participant’s estate or legal representative, as applicable. Payment of the Exercise Price shall be made in cash (including check, bank draft or money order) or, with the Compensation
Committee’s consent, delivery of Shares with a fair market value equal to the aggregate Exercise Price of the Options being exercised. Participant may exercise the Options pursuant to such cashless or other exercise procedures as may be adopted
by GrafTech and in effect at the time of the exercise of the Options. 
 1.4 Expiration. Vested and unvested Options shall expire on the
earlier of (i) the applicable date set forth in Section 5.2 or (ii) 5:00 p.m., Eastern Time, on December 13, 2021. 
 ARTICLE II – GRANT OF RESTRICTED STOCK UNIT AWARD 
  

			
	 Restricted Stock

Unit Award
	  	The right to receive              shares of Common Stock conditioned upon vesting (the “Restricted Stock
Units”).

 2.1 Grant of Restricted Stock Units. GrafTech hereby grants Participant the Restricted Stock Unit Award set forth
above. 
 2.2 Time Vesting. To the extent not sooner vested or forfeited, one-third of the Restricted Stock Units shall vest annually on
each of the first three anniversaries of the Grant Date. 

  
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 ARTICLE III – GRANT OF PERFORMANCE SHARE UNIT AWARD 

 

			
	 Performance Share Unit Award
	  	The right to receive             Performance Share Units (the “Target Award”) to the extent and upon
achievement of the Performance Measures during the Performance Period and conditioned upon vesting.

 3.1 Grant of Performance Share Units. GrafTech hereby grants Participant the Performance Share Unit Award set
forth above. The Award is subject to the adjustments, restrictions, and conditions set forth in this Agreement. 
 3.2 Performance
Measures. 
 (i) Revenue Growth. As to 40% of the Target Award, the Performance Measure shall be revenue growth measured
against a base amount of revenue for the year ended December 31, 2011 (or equivalent for non-calendar year companies). 
 (ii)
EBITDA Growth. As to 60% of the Target Award, the Performance Measure shall be earnings before interest, taxes, depreciation and amortization (“EBITDA”) growth, measured against a base amount of EBITDA for the year ended
December 31, 2011 (or equivalent for non-calendar year companies). 
 3.3 Performance Period. The “Performance Period”
means the three year period beginning January 1, 2012 and ending December 31, 2014. 
 3.4. Adjustments to Target Award.

 (i) Earned Shares. The Target Award shall become earned, and the number of Performance Share Units actually covered by the
Target Award shall become fixed, when the Compensation Committee certifies that the Performance Measures have been achieved during the Performance Period. The number of such Performance Share Units shall be fixed in accordance with
Section 3.4(iii) based on the degree (as determined by the Compensation Committee) to which the Performance Measures are achieved during the Performance Period. Such Perfomance Share Units are referred to as “Earned Shares”. The
Compensation Committee shall have the authority to exercise its discretion to reduce or increase the level of deemed achievement of the Performance Measures; provided, that, in respect of any Performance Share Unit Award granted to any Participant
who is, or is determined by the Compensation Committee to be likely to become, a “covered employee” within the meaning of Section 162(m) of the Code (or any successor provision), only “negative discretion” (as such term is
used in Treasury Regulation section 1.162-27(e)(2)(iii) or any successor provision) may be exercised if such adjustment would result in the loss of an otherwise available deduction. 
 (ii) Performance levels. 
 (a) “Threshold
Performance” is achievement at the 35th percentile of
the Performance Measures compared to the Peer Group and represents the level of performance below which the number of Performance Share Units actually covered by the Target Award shall be adjusted downward to zero. 

  
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 (b) “Target Performance” is achievement at the 50th percentile of the Performance Measures compared to the Peer Group.

 (c) “Maximum Performance” is achievement at the 75th percentile of the Performance Measures compared to the Peer Group
and represents the maximum possible upward adjustment to the number of Performance Share Units actually covered by the Target Award. 

(iii) Adjustments. 
 (a) Adjustments to the Target Award shall be computed by reference to the following table: 
  

									
	 	  	 Revenue Growth
Performance

Measure
	  	 Percentages in this Column
Apply to

40% of the
 Target Award*
	  	 EBITDA Growth
Performance

Measure
	  	 Percentages in this Column
Apply to

60% of the
 Target Award*

	 Level Achieved
 During
 Performance

Period
 (1)
	  	 Rank in Peer

Group for
 Revenue
Growth
 for Performance
 Period
 (2)
	  	 Resulting

Performance
 Share
Units
 Earned
 (3)
	  	 Rank in Peer

Group for
 EBITDA
Growth
 for Performance
 Period
 (4)
	  	 Resulting

Performance
 Share
Units
 Earned
 (5)

	 Threshold

Performance
	  	35th Percentile	  	50%	  	35th Percentile	  	50%
	 Target

Performance
	  	50th Percentile	  	100%	  	50th Percentile	  	100%
	 Maximum

Performance
	  	75th Percentile	  	200%	  	75th Percentile	  	200%

  

	*	Meaning 40% or 60%, respectively, of the number of Performance Share Units granted under the Target Award. 

(b) The total number of Earned Shares shall equal the sum of the numbers calculated under columns 3 and 5 of the table above. 

(c) As to each Performance Measure: 
 (I) if GrafTech’s actual performance for the Performance Period is below the Threshold Performance, the number of Earned Shares shall be zero; 

(II) if GrafTech’s actual performance for the Performance Period is between Threshold Performance and Target
Performance, the number of Earned Shares shall be interpolated on a straight-line basis between Threshold Performance and Target Performance amounts; 
 (III) if GrafTech’s actual performance for the Performance Period is between Target Performance and Maximum Performance, the number of Earned Shares shall be interpolated on a straight-line basis
between Target Performance and Maximum Performance amounts; 

  
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 (IV) if GrafTech’s actual performance for the Performance Period is
above the Maximum Performance, the number of Earned Shares shall be 200% of the number of Performance Share Units granted under the Target Award. 
 3.5 Vesting and Forfeiture. To the extent not sooner vested or forfeited, Earned Shares shall vest on March 31, 2015. Any and all Performance Share Units that are not Earned Shares as of
March 31, 2015 shall not vest and shall be forfeited. 
 3.6 Peer Group. “Peer Group” means a group of companies approved
by the Compensation Committee that includes organizations of comparable size, revenue, assets, employees, market capitalization, complexity, business focus and geographical scope as the Company. As of the Grant Date, the Peer Group includes 32
companies in the steel, machinery, and electrical equipment industries. The Compensation Committee shall reduce the Peer Group as a result of significant changes (such as mergers, acquisitions, reorganizations or other factors) that materially
impact the ability of GrafTech to obtain comparable financial information of an individual company in the Peer Group. 

ARTICLE IV – FORFEITURE AND RESTRICTED ACTIVITIES 
 4.1 Forfeiture Events.  
 (i) Participant’s rights, payments, gains and benefits with
respect to an Award shall be subject to, in the sole and good faith judgment of the Compensation Committee or the Board, reduction, cancellation, forfeiture or recoupment upon termination of employment for cause, violation of material policies,
breach of noncompetition, confidentiality or other restrictive covenants, and engagement in Detrimental Conduct; provided, that any change to the terms of the Awards shall be effected in a way that causes the Awards to be excluded from the
application of, or to comply with, Section 409A of the Code. 
 (ii) In addition, in the event that GrafTech is required to prepare an
accounting restatement due to material noncompliance of GrafTech with any financial reporting requirement under United States federal securities laws or regulations promulgated thereunder, Participant shall repay or return to GrafTech any
compensation received by Participant pursuant to Awards hereunder during the 3-year period preceding the date on which GrafTech is required to prepare such accounting restatement that is in excess of what would have been paid to Participant under
the accounting restatement provided, however, that such repayment or return is in accordance with United States federal securities laws or regulations promulgated thereunder and any applicable rules and regulations of the primary national securities
exchange on which GrafTech is listed and determined to be necessary or advisable by the Board or the Compensation Committee. Any amount to be repaid or returned hereunder shall be determined by the Board or the Compensation Committee in its sole
discretion, unless otherwise required by applicable laws, and shall be binding on Participant. To the extent that such amounts are not paid to GrafTech, GrafTech may set off, except with respect to any non-qualified deferred compensation under
Section 409A of the Code, the amounts so payable to it against any amounts that may be owing from time to time by GrafTech or a Subsidiary to Participant, whether as wages, deferred compensation or vacation pay or in the form of any other
benefit or for any other reason (subject to applicable law and the terms and conditions of applicable plans, programs or arrangements). There shall be no duplication of recovery under this Paragraph and any of Section 304 of The Sarbanes Oxley
Act of 2002 and Section 10D of the Exchange Act, and any rules promulgated thereunder. 

  
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 4.2 Restricted Activities. From the effective date of this Agreement and continuing for a period of
two (2) years following (a) voluntary termination of Participant’s employment with the Company or (b) involuntary termination of Participant’s employment with the Company for cause, violation of material policies, breach of
noncompetition, confidentiality or other restrictive covenants, or engagement in Detrimental Conduct, Participant agrees to comply with the obligations set forth on
 Exhibit A hereto. 

ARTICLE V – OTHER PROVISIONS 
 5.1 Change in Control.  
 (i) To the extent not sooner vested, expired, or forfeited, all
unvested Awards shall vest (and, as to Options, also become exercisable and, as to Performance Share Units, also become Earned Shares) upon the occurrence of a Change in Control; provided, that Participant must still be an employee of the Company
upon the occurrence of such Change in Control. The number of Performance Share Units that shall become Earned Shares which vest upon the occurrence of a Change in Control shall be equal to the number of Performance Share Units granted under the
Target Award. 
 (ii) In connection with any Change in Control, (a) Participant may exercise Options on a conditional basis, contingent
upon the occurrence of such Change in Control, vesting of such Options and Participant’s being an employee of the Company upon such Change in Control and (b) GrafTech may, in its sole discretion, without Participant’s consent, cancel
any Option (in whole or in part and whether or not vested) and pay Participant the excess of (I) the Fair Market Value of a Share on the date of such Change in Control, over (II) the Exercise Price, multiplied by the number of Shares subject to
the Option which is being cancelled. 
 5.2 Certain Events. 
 (i) Voluntary Termination and Termination of Employment for Cause. In the event of Participant’s voluntary termination or termination for cause or Detrimental Conduct: (i) all
unearned and/or unvested Awards shall cease to be earnable, shall cease to vest and shall be forfeited; and (ii) all vested Options that have not then been exercised shall expire, and all Earned Shares that have not then vested and been
delivered to such Participant shall be forfeited, upon the date of Participant’s termination of employment with the Company. 
 (ii)
Termination of Employment by Company Action; Retirement. In the event of termination by Company action (without cause, violation of material policies, or breach of noncompetition, confidentiality or other restrictive covenants and in
the absence of Detrimental Conduct) or by Participant’s Retirement: 
 (a) as to Option Awards: (I) all unvested
Options shall cease to vest and shall be forfeited; and (II) all vested Options shall become immediately exercisable for up to (but no longer than) 12 months following the date of such termination or Retirement (36 months, if termination is due to
mandatory Retirement or Retirement at any time after attaining the age of 65 with at least ten (10) years of employment with the Company), but not beyond the original term thereof (after which time they shall expire and be forfeited);

 (b) as to Restricted Stock Unit Awards, all unvested Restricted Stock Unit Awards shall cease to vest and shall be forfeited;

  
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 (c) as to Performance Share Unit Awards, Participant shall be entitled to receive either
(I) if no Change in Control occurs during the Performance Period, a pro-rata portion of the number of Performance Share Units that would have become Earned Shares based on the performance for the entire Performance Period computed based on the
ratio of the number of full months Participant is an employee of the Company during the Performance Period over 36 (the total number of months in the Performance Period) or (II) if a Change in Control occurs during the Performance Period and after
Participant’s termination of employment with the Company, a pro-rata portion of the number of Performance Share Units granted under the Target Award computed based on the ratio of the number of full months Participant is an employee of the
Company during the Performance Period over 36 (the total number of months in the Performance Period), in each case, such Earned Shares to be deliverable when and as they would have been deliverable if Participant had continued to be an employee.

 (iii) Death or Disability. In the event of Participant’s death or termination (by the Company or Participant) due to
Disability: 
 (a) all unvested Options shall vest and become exercisable and such Options and all other vested Options granted
under this Agreement may be exercised for up to (but no longer than) 12 months following the date of death or termination, but not beyond the original term thereof (after which time they shall expire and be forfeited); 

(b) as to Restricted Stock Unit Awards, all unvested Restricted Stock Unit Awards shall vest; and 

(c) as to Performance Share Unit Awards, Participant or, in the event of death, Participant’s successor shall be entitled to receive
either (I) if no Change in Control occurs during the Performance Period, a pro-rata portion of the number of Performance Share Units that would have become Earned Shares based on the performance for the entire Performance Period computed based
on the ratio of the number of full months Participant is an employee of the Company during the Performance Period over 36 (the total number of months in the Performance Period) or (II) if a Change in Control occurs during the Performance Period and
after Participant’s death or termination of employment with the Company, a pro-rata portion of the number of Performance Share Units granted under the Target Award computed based on the ratio of the number of full months Participant is an
employee of the Company during the Performance Period over 36 (the total number of months in the Performance Period), and, in each case, such Earned Shares to be deliverable when and as they would have been deliverable if Participant had continued
to be an employee. 
 (iv) Illustration. For an illustration of these provisions under Section 5.2, see Exhibit B. 

5.3 Recordkeeping and Delivery. 
 (i)
GrafTech shall keep records of Awards granted under this Agreement in book entry or other electronic form. GrafTech may engage the services of its transfer agent or other third parties to assist in the administration of the Plan and such Awards.

 (ii) GrafTech may establish an account for Participant with GrafTech’s transfer agent (“Participant’s Account”). Upon
vesting and exercise, Shares purchased upon exercise of Options shall be promptly (but in any event within 3 business days), and upon vesting, Shares represented by vested Restricted Stock Unit Awards and vested Earned Shares shall be promptly (but
in any event within 30 days following 

  
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vesting), be delivered to Participant by deposit in Participant’s Account, in book entry form, by direct registration with GrafTech’s transfer agent, or by delivery of a stock
certificate; provided, that, in connection with any transaction that constitutes or would, upon occurrence, constitute a Change in Control, GrafTech shall make delivery so that Participant shall have the ability to participate therein as the owner
of the Shares so to be delivered and may make such delivery on a conditional basis and on such other terms and conditions as it may determine in its sole discretion. 
 5.4 Transferability. 
 (i) Awards shall not be Transferable except by will or by the laws of
descent and distribution. 
 (ii) Shares delivered to Participant pursuant to this Agreement become non-forfeitable and transferable at the time
they vest; provided, that transferability may be restricted until all withholding requirements under Section 5.5 are satisfied and such Shares shall be subject to transfer restrictions as provided in GrafTech’s insider trading and other
compliance policies and procedures. 
 5.5 Withholding Taxes. 
 (i) The Company shall withhold or deduct from any or all payments or amounts due to or held for Participant, whether due from the Company or held in Participant’s Account, an amount (the
“Withholding Amount”) equal to all taxes (including social security, unemployment, Medicare, and other governmental charges of any kind) required to be withheld or deducted with respect to any and all taxable income and other amounts
attributable to Awards (the “Withholding Requirement”). Alternatively, Participant may elect to pay the Withholding Amount in cash upon such terms and conditions as are acceptable to the Company. 

(ii) The Withholding Amount shall be determined by the Company. The timing of withholding or deduction shall be determined by the Company; provided,
however, that, if such taxes are required to be paid to a tax or other governmental authority before such withholding or deduction is made, then the Company shall pay such taxes when due as agent for Participant and shall be entitled to
reimbursement therefor from such payments or amounts, or otherwise. 
 (iii) Unless Participant has made or makes a timely election pursuant to
Section 83(b) of the Code or has paid the Withholding Amount in cash as provided above, Participant authorizes GrafTech and any broker designated by it to sell, on his or her behalf and for his or her account, such number of Shares otherwise
deliverable pursuant to an Award as GrafTech or the broker may deem appropriate to satisfy each Withholding Requirement or to reimburse the Company in respect thereof, so that the net proceeds from such sale equal or exceed the applicable
Withholding Amount, and to use the net proceeds to satisfy such Withholding Requirement (with any excess net proceeds to be paid to or deposited in an account of Participant). 
 (iv) If Participant has made or makes an election pursuant to Section 83(b) of the Code, he or she shall immediately file a copy thereof with the Company and upon demand by the Company make a cash
payment to the Company equal to any Withholding Amount in respect thereof. 
 (v) In connection with any sale of Shares pursuant to this
Section 5.5, Participant agrees that: (a) such sale may be aggregated with sales of Shares granted to other participants under the Plan or other plans of the Company; (b) such aggregated sales may be made from time to time in one or
more installments at 

  
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any time and over time as GrafTech or the broker may deem necessary or appropriate with a view toward avoidance or minimization of disruption of the market for the Shares, administrative
convenience, minimization of costs and expenses or other factors; and (c) the net proceeds from such aggregated sales and the sale prices of the Shares sold may be allocated among such Shares and other securities and Participant and such other
participants as GrafTech or the broker may deem reasonable. 
 (vi) Participant understands that: (a) different Withholding Requirements
may arise at different times based on time of delivery or vesting of Awards, tax elections or other factors; (b) different Withholding Requirements may be based on different values attributable to Awards at such times or otherwise based on
applicable tax laws, changes in the financial condition of the Company, changes in market or economic conditions or other factors; (c) it may not be practicable or permissible to sell Shares to satisfy each Withholding Requirement at the time
due because of rules and requirements of the broker or the Company, potential liability for short-swing profits, applicable laws, applicable rules of any securities exchange or market, or other factors; and (d) as a result, Shares may be sold
at times and values that differ from those applicable to such Withholding Requirement and that such differences can result in gains or losses relative to those values and capital gains and losses for tax purposes in addition to the taxes described
in Section 5.5(i). 
 (vi) Participant hereby appoints the Vice President of Human Resources and each officer of GrafTech to be
Participant’s true and lawful attorney-in-fact, with full power of substitution and re-substitution, to take, cause to be taken and authorize the taking of any and all actions which any such attorney-in-fact may deem necessary, appropriate,
convenient or expedient to sell Shares issuable pursuant to the Awards to generate net proceeds to satisfy any and all Withholding Requirements and to use net proceeds in satisfaction thereof. This power of attorney shall not be affected in any
manner by reason of the execution, at any time, of other powers of attorney and shall not be affected by the subsequent death, disability or incompetence of Participant. This power of attorney is irrevocable and coupled with an interest and shall
remain in effect until all Withholding Requirements have been fully and unconditionally satisfied. 
 (viii) Participant acknowledges and agrees
that neither the Company nor the broker, nor any of their respective affiliates, control persons, directors, officers, employees, representatives or agents, shall have any liability or obligation for any losses, damages, costs or expenses of any
kind or under any theory arising out of or in connection with any action or omission under this Section 5.5 (including the determination of any Withholding Amount or the time when any Withholding Requirement is required to be satisfied or any
sale of or delay in selling or failure to sell or the price, terms or conditions of sale of any Shares), including any liability for any claim that Participant could have made more or lost less in connection therewith or for any capital gain or loss
due to the difference in time between the triggering of a Withholding Requirement and the resale of Shares in respect thereof or for violations of insider trading or other laws or for incurrence of liability for short-swing profits under
Section 16(b) of the Exchange Act, except to the extent that a court of competent jurisdiction determines by final and non-appealable judgment that any such losses, damages, costs or expenses resulted from actions taken or omitted in bad faith
or due to gross negligence or willful misconduct. References in this Section 5.5 to “selling” and correlative terms include all activities related thereto, including placement and execution of sell orders, selection of brokers and
dealers, delivery of Shares, receipt of proceeds and payment of fees and commissions. 
 (ix) The provisions hereof regarding sale of Shares to
satisfy Withholding Requirements are also intended to constitute a trading plan within the meaning of Rule 10b5-1 under the Securities Act. 

  
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 5.6 Notices. Notices to GrafTech under this Agreement shall be addressed to GrafTech International
Ltd., 12900 Snow Road, Parma, Ohio 44130, Attention: Corporate Director of Human Resources, with a copy to GrafTech’s General Counsel at the same address. Notices to Participant shall be addressed to the most recent address provided by
Participant to GrafTech. Either party may designate in writing another address for notices. 
 5.7 Internal Revenue Code
Section 409A. To the extent there are any ambiguities in this Agreement or the Plan, any such ambiguities shall be construed in a manner that complies with Code Section 409A. 
 5.8 Amendments and Conflicting Agreements. This Agreement may be amended by a written instrument executed by the parties which specifically states that it is amending this Agreement or by a written
instrument executed by GrafTech which so states if such amendment is not adverse to Participant or relates to administrative matters. 
 5.9
Interpretation. Unless otherwise expressly specified herein, all determinations, consents, elections and other decisions by the Company, the Board, the Compensation Committee or the broker may be made, withheld or delayed in the relevant
decision-maker’s sole and absolute discretion. 
 5.10 Disclosure and Use of Information. By signing and returning this Agreement,
and as a condition of the grant of Awards, Participant hereby expressly consents to the collection, use, and transfer of personal data by the Company and by any agent of the Company (“Data Recipients”) for the exclusive purpose of
implementing, administering and managing Participant’s participation in the Plan. Participant understands that Data Recipients are or may be located in his or her country of residence or elsewhere. Further, Participant understands that he or
she may, at any time, oppose the processing and transfer of his or her personal data, review the data, request that any necessary amendments be made to it, or withdraw his or her consent by notifying the Company in writing. Participant further
understands that withdrawing consent may affect his or her ability to participate in the Plan. 
 5.11 Effect on Employment Rights.
Nothing in this Agreement shall be construed to confer upon Participant the right to be employed by the Company or to interfere in any way with the right and authority of the Company either to increase or decrease the compensation of Participant at
any time, or to terminate any employment or other relationship between Participant and the Company at any time and for any reason or no reason. 
  

							
	PARTICIPANT	 		 		 	COMPANY
				
	  

/Date
	 		 		 	  
 Craig S.
Shular

		 		 		 	Chairman and CEO

  
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 EXHIBIT A 
 RESTRICTED ACTIVITIES 
 From the effective date of this Agreement and
continuing for a period of two (2) years following (a) voluntary termination of Participant’s employment with the Company or (b) involuntary termination of Participant’s employment with the Company for cause, violation of
material policies, breach of noncompetition, confidentiality or other restrictive covenants, or engagement in Detrimental Conduct, Participant agrees to the following: 
 (i) Participant shall not, without the Company’s prior written consent, directly or indirectly, either for himself or herself or on behalf of any other corporation, partnership, company, person,
group, or entity, engage in (a) the business of manufacturing, distributing, selling or providing needle coke and/or carbon or graphite products, services, material or equipment of the kind or type which are the same as or similar to those
manufactured, distributed, sold or provided by the Company now or at any time while Participant is an employee of the Company, or (b) any other business in which the Company directly or indirectly engages now or at any time while Participant is
an employee of the Company. For purposes of this Exhibit A, Participant shall be deemed to “engage in business” if he or she, directly or indirectly, engages or invests in, owns, manages, operates, controls or participates in the
ownership, management, operation or control of, is employed by, associated or connected in any manner with, or renders services or advice to, any corporation, partnership, company, person, group or entity engaged in the activities identified above;
provided, however, that Participant may invest in the securities of any enterprise (but without otherwise participating in the activities of such enterprise) if (x) such securities are listed on any international, national or regional
securities exchange or market or have been registered under Section 12(g) of the Securities Exchange Act of 1934 and (y) Participant does not beneficially own (as defined under Rule 13d-3 promulgated under the Securities Exchange Act
of 1934) in excess of 5% of the outstanding equity thereof (provided, that Participant shall be deemed not to beneficially own any securities owned by a registered or unregistered investment company with more than $50 million under management).

 (ii) The provisions set forth in Section (i) above shall apply only to the reasonable and limited geographic area
consisting of (a) any state, country, possession, or territory in which the Company directly or indirectly has offices, operations, or customers, or otherwise conducts business and (b) during Participant’s period of employment, any
state, country, possession, or territory in which the Company plans to conduct business. 
 (iii) Participant shall not,
directly or indirectly, call on, solicit or take away any of the customers or potential customers of the Company on whom Participant called or with whom Participant became acquainted or of which Participant learned during employment with the
Company. 
 (iv) Participant shall not, directly or indirectly, solicit for employment any employee of the Company or encourage,
induce, attempt to induce, or assist another to induce or attempt to induce any employee of the Company to terminate his or her employment with the Company. 
 (v) Participant shall not interfere, in any manner, with the business, trade, goodwill, sources of supply, or customers of the Company. Participant shall refrain from making any statements or comments of
a defamatory or disparaging nature to any third party regarding the Company or any of the Company’s officers, directors, policies or products, other than to comply with any law or court, regulatory or governmental investigatory order or
request. 

  
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 (vi) If a court of competent jurisdiction determines that the length of time, geographic
scope or other restrictions, or any portion thereof, set forth in this Exhibit A is overly restrictive and unenforceable, the court may reduce or modify the same to the maximum limitations permitted by law, and, as so reduced or modified, the
restrictions herein shall remain in full force and effect. If a court of competent jurisdiction determines that any provision of this Exhibit A is invalid or against public policy, the remaining provisions shall not be affected thereby and shall
remain in full force and effect. 
 (vii) Participant acknowledges and agrees that the business of the Company is international
in scope and that the restrictions imposed by this Agreement are legitimate, reasonable and necessary to protect the Company’s investment in its businesses and the goodwill thereof. The scope and duration of the restrictions contained herein
are reasonable in light of the time that Participant has been engaged in the business of the Company, Participant’s reputation in the markets for the Company, and Participant’s relationship with the suppliers and customers of the Company.
The restrictions contained herein are not burdensome to Participant in light of the grant of Awards hereunder. Moreover, Participant has other means available to him or her for the pursuit of his or her livelihood. Except as otherwise provided
herein, this Exhibit A shall survive termination of the Agreement. 
 (viii) Participant acknowledges and agrees that in the
event of any violation by Participant of the provisions set forth in this Exhibit A, the Company will sustain serious, irreparable and substantial harm to its business, the extent of which will be difficult to determine and impossible to fully
remedy by an action at law for money damages. Accordingly, in the event of such violation or threatened violation by Participant, the Company shall be entitled to an injunction before trial by any court of competent jurisdiction as a matter of
course, in addition to all such other legal and equitable remedies as may be available to the Company. No bond or security needs to be furnished for such injunctive relief. If the Company is required to enforce the provisions set forth above by
seeking an injunction, the relevant time periods set forth in this Exhibit A shall commence with the entry of the injunction. In addition to any and all of the rights and remedies which the Company may have against Participant, Participant will be
liable to and pay the Company its court costs and reasonable attorneys’ fees incurred in enforcing Participant’s covenants hereunder. 

  
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 EXHIBIT B 
 The following table illustrates the provisions of Section 5.2. and it is has no effect on the terms and interpretations of the Agreement. 

 

							
	 Termination Scenario
	  	 Stock Options
	  	 Restricted Stock Units
	  	 Performance Share Units

				
	 Voluntary Termination

or
 Termination for
Cause
 /Detrimental Conduct
	  	 - Forfeit all unvested options

- Vested options will immediately expire
	  	 Forfeit all unvested awards
 [subject to the Company’s right to seek recoupment as a result of Detrimental Conduct]
	  	 Forfeit all unearned awards

[subject to the Company’s right to seek recoupment as a result of Detrimental Conduct]

				
	 Termination by Company

Action (without cause) or

Retirement
	  	 - Forfeit all unvested options

- 1 yr to exercise all vested options
	  	 Forfeit all unvested awards
	  	 Receive pro-rata portion based on full

months employed over 36 months in performance period times

-        shares that would have been earned based on actual performance
at end of performance period
 or      

-        Target Award in the event of Change in
Control

				
	 Death
	  	 - Immediate vesting of all unvested options.

- 1 yr to exercise all vested options
	  	Immediate vesting of all unvested awards	  	 Receive pro-rata portion based on full months employed over 36 months in performance period
times
 -        shares that would have been earned based on
actual performance at end of performance period
 or

-        Target Award in the event of Change in
Control

				
	 Disability
	  	 - Immediate vesting of all unvested options.

- 1 yr to exercise all vested options
	  	Immediate vesting of all unvested awards	  	 Receive pro-rata portion based on full months employed over 36 months in performance period
times
 -        shares that would have been earned based on
actual performance at end of performance period
 or

-        Target Award in the event of Change in
Control

				
	 Mandatory or Age 65

Retirement
	  	 - Forfeit all unvested awards

- 3 years to exercise all vested options
	  	 Forfeit all unvested awards
	  	 Receive pro-rata portion based on full months employed over 36 months in performance period
times
 -        shares that would have been earned based on
actual performance at end of performance period
 or      

TargetAward in the event of
 Change in Control

  
 12EX-10.10.0

 EXHIBIT 10.10.0 

AMENDED AND RESTATED 
 GRAFTECH INTERNATIONAL LTD. 
 2005 EQUITY INCENTIVE PLAN 

 

	1.	Purpose of this Plan 

This Plan has been adopted to promote the interests of the Corporation and its stockholders by strengthening the ability of the Company to
attract, motivate and retain directors, employees and others in a position to affect the financial and operational performance of the Company. 
  

	2.	Definitions 

 Wherever the
following capitalized terms are used in this Plan, they shall have the meanings specified below: 
 (a) “Affiliate,”
and correlative terms, means, with respect to any Person, (i) any other Person that directly or indirectly Controls, is Controlled by or is under common Control with such Person or (ii) any director, officer, partner or employee of such
Person or any Person specified in clause (i) above. 
 (b) “Award” means an Option Award, a Restricted Stock
Award, a Stock Appreciation Right Award, a Phantom Stock Award, a Deferred Stock Award, a Performance Share Award, a Performance Unit Award, a Substitute Award or other awards granted under this Plan. 

(c) “Award Agreement” means a written agreement between the Corporation and a Participant with respect to an Award granted to
such Participant, which may, but need not, be executed or acknowledged by such Participant. 
 (d) “Board” means the
Board of Directors of the Corporation. 
 (e) “CEO” means the Chief Executive Officer of the Corporation. 

(f) A “Change in Control” shall be deemed to occur if any of the following events or circumstances shall occur: 

(i) any “person” or “group” within the meaning of Section 13(d) or 14(d)(2) of the Exchange Act
becomes the beneficial owner of 15% or more of the then outstanding Common Stock or 15% or more of the then outstanding voting securities of the Corporation; 
 (ii) any “person” or “group” within the meaning of Section 13(d) or 14(d)(2) of the Exchange Act acquires by proxy or otherwise the right to vote on any matter or question with
respect to 15% or more of the then outstanding Common Stock or 15% or more of the combined voting power of the then outstanding voting securities of the Corporation; 

 (iii) Present Directors and New Directors cease for any reason to
constitute a majority of the Board (and, for purposes of this clause (iii), “Present Directors” shall mean individuals who at the beginning of any consecutive twenty-four month period were members of the Board and “New Directors”
shall mean individuals whose election by the Board or whose nomination for election as directors by the Corporation’s stockholders was approved by a vote of at least two-thirds of the directors then in office who were Present Directors or New
Directors); 
 (iv) the stockholders of the Corporation approve a plan of dissolution or complete or
substantially complete liquidation of Corporation; or 
 (v) any consummation of: 

(1) a reorganization, restructuring, recapitalization, reincorporation, merger or consolidation of the Corporation (a
“Business Combination”) unless, following such Business Combination, (A) all or substantially all of the individuals and entities who were the beneficial owners of the Common Stock and the voting securities of the Corporation
outstanding immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of the common equity securities and the combined voting power of the voting securities of the corporation or other entity resulting
from such Business Combination outstanding after such Business Combination (including, without limitation, a corporation or other entity which as a result of such Business Combination owns the Corporation or all or substantially all of the assets of
the Corporation or the Company either directly or through one or more subsidiaries) in substantially the same proportions as their ownership immediately prior to such Business Combination of outstanding Common Stock and the combined voting power of
the outstanding voting securities of the Corporation, respectively, (B) no “person” or “group” within the meaning of Section 13(d) or 14(d)(2) of the Exchange Act (excluding (x) any corporation or other entity
resulting from such Business Combination and (y) any employee benefit plan (or related trust) of the Company or any corporation or other entity resulting from such Business Combination) beneficially owns 15% or more of the common equity
securities or 15% or more of the combined voting power of the voting securities of the corporation or other entity resulting from such Business Combination outstanding after such Business Combination, except to the extent that such beneficial
ownership existed prior to such Business Combination with respect to the Common Stock and the voting securities of the Corporation, and (C) at least a majority of the members of the board of directors (or similar governing body) of the
corporation or other entity resulting from such Business Combination were members of the Board at the earliest of the time of the execution of the initial agreement providing for such Business Combination or at the time of the action of the Board
approving such Business Combination or at the time of action of the stockholders approving such Business Combination; or 

  
 2 

 (2) any sale, lease, exchange or other transfer (in one transaction or a
series of related transactions) of all or substantially all of the assets of the Corporation or Company, whether held directly or indirectly through one or more subsidiaries (excluding any pledge, mortgage, grant of security interest, sale-leaseback
or similar transaction, but including any foreclosure sale). 
 Notwithstanding the foregoing, a Change in Control shall not be deemed to occur
(i) pursuant to clause (f)(i) or (f)(ii) above, solely because 15% or more of the then outstanding Common Stock or 15% or more of the then outstanding voting securities of the Corporation is or becomes beneficially owned or is directly or
indirectly held or acquired by one or more employee benefit plans (or related trusts) maintained by the Company and (ii) only for purposes of determining the timing of a distribution, or delivery of Shares as the case may be, with respect to
any Award that is a “deferral of compensation” under Section 409A of the Code, unless the event or circumstance also constitutes a “change in the ownership or effective control” of the Corporation or a “change in the
ownership of a substantial portion of the assets” of the Corporation, in each case, within the meaning of Section 409A of the Code and the regulations thereunder (a “409A Change in Control”); provided, however, that such an Award
shall still vest upon a Change in Control as defined in the Plan without giving effect to this clause (ii) to the extent an Award Agreement provides for vesting upon a Change in Control as defined in the Plan. For purposes of this definition,
references to “beneficial owner” and correlative phrases shall have the same definition as set forth in Rule 13d-3 under the Exchange Act (except that ownership by underwriters (including when acting as initial purchasers in a private
offering) solely for purposes of a distribution or offering shall not be deemed to be “beneficial ownership”) and references to the Exchange Act or rules or regulations thereunder mean those in effect on January 1, 2005. 

(g) “Code” means the Internal Revenue Code of 1986, as amended (including any successor statute), and the rules, regulations
and official guidance thereunder. References to specific Sections of the Code shall include any successor provisions and the rules, regulations and official guidance under such Sections or successor provisions, as applicable. 

(h) “Compensation Committee” means the Organization, Compensation & Pension Committee of the Board and any other
“compensation committee” (within the meaning of the rules of the NYSE then in effect) of the Board that performs the same functions as such Organization, Compensation and Pension Committee in respect of this Plan. 

(i) “Common Stock” means the common stock of the Corporation. 

(j) “Company” means the Corporation, the Subsidiaries and its and their Affiliates, individually or collectively as may be
appropriate in the applicable circumstances. 
 (k) “Control,” and correlative words, with respect to any Person, mean
the ability of another Person to control or direct the management, actions or policies of such Person, whether by ownership of voting securities, by contract or otherwise. 
 (l) “Corporate Event” has the meaning set forth in Section 3.1. 

  
 3 

 (m) “Corporation” means (i) GrafTech International Ltd. (“Old
GrafTech”) with respect to all periods prior to the effective time of the merger effecting the reorganization (the “Reorganization”) pursuant to which Old GrafTech became a wholly owned subsidiary of GrafTech Holdings Inc. (“New
GrafTech”) and (ii) New GrafTech with respect to all periods from and after the effective time of the Reorganization. Effective after the Reorganization, Old GrafTech is known as GrafTech Holdings, Inc. and New GrafTech is known as
GrafTech International Ltd. 
 (n) “Date of Change in Control” means the earlier of (i) the date of a Change in
Control or (ii) the date of the first public announcement by the Corporation or by a third party of a commitment or intention to commence or undertake any transaction or series of transactions which, if consummated, would result in a Change in
Control. 
 (o) “Deferred Stock Award” means an Award granted pursuant to Section 10, representing an unfunded
and unsecured right to receive a Share in accordance with the terms of this Plan and the applicable Award Agreement. 
 (p)
“Detrimental Conduct” means activities which have been, are or would reasonably be expected to be detrimental to interests of the Company, as determined in the sole and good faith judgment of the Board. Such activities include unlawful
conduct under securities, antitrust, tax or other laws, improper disclosure or use of confidential or proprietary information or trade secrets, competition with or improper taking of a corporate opportunity of any business of the Company, failure to
cooperate in any investigation or legal proceeding, or misappropriation of property. 
 (q) “Directors Deferral
Program” means a program (initially adopted under the GrafTech International Ltd Management Stock Incentive Plan (Senior Management Version)) under which members of the Board may elect to receive awards of deferred stock related to Shares in
lieu of cash payments of retainers, meeting fees and other amounts. After the Effective Date, the Directors Deferral Program will continue under this Plan. 
 (r) “Disability,” unless otherwise provided in the applicable Award Agreement, means a disability for purposes of the then current or most recent UCAR Carbon Long-Term Disability Plan (or
successor plan, if any), regardless of whether the relevant Person is or would have been covered thereby. 
 (s) “Dividend
Equivalent” means an amount equal to cash dividends and distributions that are payable during the period beginning on the day after the Grant Date and ending on the Settlement Date in respect of the applicable Award. 

(t) “Effective Date” means the date of approval of this Plan, as set forth in Section 17.1. 

(u) “Eligible Person” means any Employee and, in the case of Awards other than Incentive Stock Option Awards, (i) any
consultant, adviser or other independent contractor providing services to the Company who is specifically identified by the Compensation Committee and (ii) any non-employee director of the Company. 

  
 4 

 (v) “Employee” means any Person who is employed by the Company. 

(w) “Exchange Act” means, except as otherwise provided in Section 2(f), the Securities Exchange Act of 1934, as amended
(including any successor statute), and the rules and regulations thereunder. 
 (x) “Exercise Date” or
“Settlement Date,” with respect to any Award, unless otherwise provided in the applicable Award Agreement, means (i) the date on which such Award is properly exercised, or on which a proper election to have such Award settled or to
have payment or delivery made thereunder, by the Participant, (ii) the date on which payment or delivery under such Award becomes due pursuant to the terms thereof or (iii) the date so designated in respect of such Award by the
Compensation Committee under Section 4.4, as applicable. 
 (y) “Exercise Price” or “Award Price,” with
respect to any Award, means the exercise, base or purchase price (if any) in respect thereof. 
 (z) “Fair Market
Value” of a share of Common Stock as of any date means the closing price (or, if there is none, the average of the closing bid and asked prices) of a share of Common Stock on such date as reported by the NYSE (or, if such date is a day on which
the NYSE is not open for trading, on the next succeeding day on which the NYSE is open for trading). 
 (aa) “Grant
Date” means the date specified by the Compensation Committee on which a grant of an Award to a Participant shall become effective, which shall not be earlier than the date on which the Compensation Committee takes action with respect thereto.

 (bb) “Incentive Stock Option” means an option to purchase Shares granted pursuant to Section 6 that is
intended to qualify and in fact qualifies as an incentive stock option under Sections 421 and 422 of the Code. 
 (cc)
“NYSE” means the New York Stock Exchange or, if the principal securities exchange or market on which the Common Stock is then listed or traded is not the New York Stock Exchange, the principal securities exchange or market on which it is
then so listed or traded. 
 (dd) “Nonqualified Stock Option” means an option to purchase Shares granted pursuant to
Section 6 that is not an Incentive Stock Option. 
 (ee) “Option” means an Incentive Stock Option or a
Nonqualified Stock Option. 
 (ff) “Option Award” means an Award of an Incentive Stock Option or a Nonqualified Stock
Option granted pursuant to Section 6. 
 (gg) “Participant” means any Eligible Person who holds an outstanding
Award granted under this Plan. 

  
 5 

 (hh) “Performance Measures” means one or more performance criteria, which may be
applied with respect to an individual Participant, the Corporation, any Subsidiary, the Company or any division, line of business or functional or business unit and which may be measured on an absolute, adjusted or relative basis, including:
earnings or earnings per share; stockholder return; return on capital, investment or stockholders’ equity; cash flow or throughput; EBIT or EBITDA; return on assets employed; gross margin; operating profit; working capital; market share; net
worth; inventory turnover; completion of significant projects or implementation of significant new processes; and achievement of strategic milestones. For Awards which are Section 162(m) Awards, “Performance Measures” means those that
satisfy the requirements of and are adopted as required by Section 162(m). For Awards which are not Section 162(m) Awards, “Performance Measures” means those prescribed by the Compensation Committee, in its sole discretion. The
Compensation Committee shall, in the manner and to the extent that it deems appropriate and equitable cause an adjustment to be made in a Performance Measure to reflect a material change in the circumstances involving the relevant Participant,
Subsidiary, division, line of business or functional or business unit or involving the Corporation or the Company, as applicable. 
 (ii) “Performance Share Award” means an Award granted pursuant to Section 11, representing the unfunded and unsecured right to receive Shares contingent upon the achievement of one or more
Performance Measures, in accordance with this Plan and the applicable Award Agreement. 
 (jj) “Performance Unit
Award” means an Award granted pursuant to Section 11, representing the unfunded and unsecured right to receive one or more units, denominated in Shares or cash or a combination thereof, contingent upon achieving one or more Performance
Measures, in accordance with this Plan, the applicable Award Agreement and Section 409A. 
 (kk) “Person” means
an individual, a partnership, a corporation, an association, a joint stock company, a limited liability company, a trust, a joint venture, an unincorporated organization and a governmental entity or any department, agency or political subdivision
thereof. 
 (ll) “Phantom Stock Award” means an Award granted pursuant to Section 9, representing the unfunded
and unsecured right to receive cash in an amount equal to the Fair Market Value of Shares in accordance with this Plan and the applicable Award Agreement. 
 (mm) “Plan” means this Amended and Restated GrafTech International Ltd. 2005 Equity Incentive Plan, as amended from time to time. 

(nn) “Restricted Stock Award” means an Award granted pursuant to Section 8, representing the unfunded and unsecured right
to receive a Share in accordance with this Plan and the applicable Award Agreement. 
 (oo) “Retirement,” unless
otherwise provided in the applicable Award Agreement, means voluntary termination from employment with the Company at any time after attaining age 50 with at least ten years of employment with the Company. 

(pp) “Section 162(m)” means Section 162(m) of the Code. 

  
 6 

 (qq) “Section 162(m) Award” means any Award that is intended to qualify and in
fact qualifies for the performance-based compensation exemption to the application of the $1 million deduction limit under Section 162(m). 
 (rr) “Section 409A” means Section 409A of the Code. 
 (ss)
“Share” means a share of Common Stock. 
 (tt) “Securities Act” means the Securities Act of 1933, as amended
(including any successor statute), and the rules and regulations thereunder. 
 (uu) “Stock Appreciation Right Award”
or “SAR Award” means an Award granted pursuant to Section 7, representing the unfunded and unsecured right to receive Shares, with a Fair Market Value equal to the excess (if any) specified in Section 7, in accordance with this
Plan and the applicable Award Agreement. 
 (vv) “Subsidiary” means a Person that is Controlled, directly or
indirectly, by the Corporation or any Affiliate of the Corporation; provided, however, that, with respect to Incentive Stock Options, the term “Subsidiary” shall include only a Person that qualifies under Section 424(f)
of the Code as a “subsidiary corporation” with respect to the Corporation. 
 (ww) “Substitute Award” means
an Award granted pursuant to Section 3.2 solely in connection with the assumption of, or in substitution for, outstanding awards previously granted by a Person acquired by the Company or with which the Company merges or combines. 

(xx) “Terminated Plans” means the various versions of the Management Stock Incentive Plans of the Corporation, the 1996
Mid-Management Equity Incentive Plan of the Corporation and the 1995 Equity Incentive Plan of the Corporation, in each case as in effect on the Effective Date. The term “Terminated Plans” does not include the Directors Deferral Program.
After the Effective Date, no further awards shall be granted under any of the Terminated Plans. 
 (yy) “Transfer,”
and correlative words, means, with respect to any Award, the gift, sale, assignment, transfer, pledge, hypothecation or other disposition (whether for or without consideration and whether voluntary, involuntary or by operation of law) of such Award
or any interest therein. 
  

	3.	Shares Subject to this Plan 

 3.1 Number of Shares. Subject to Sections 3.2 and 3.3, the aggregate number of Shares that may be delivered under this Plan is 8,800,000 Shares. The Shares delivered under this Plan may consist of
authorized but unissued Shares or issued Shares that have been reacquired by the Company. 
 3.2 Calculation of Shares.
To the extent that any Award is forfeited or cancelled, or expires or is otherwise surrendered or returned to the Company or terminated, prior to delivery of Shares thereunder or is paid in cash, the underlying Shares will no longer be charged
against the aggregate number set forth in Section 3.1 (until they become subject to another Award) and may 

  
 7 

 
again be made subject to Awards under this Plan. For purposes of calculating the number of Shares used and available for use under this Plan, (i) only Shares underlying Awards that have been
or, by their terms, may be settled by delivery of shares of Common Stock shall be charged against such number, (ii) Awards and awards under the Terminated Plans in respect of which payment of cash is made in lieu of delivery of Shares shall be
deemed to have been terminated prior to the delivery of Shares thereunder, (iii) Shares deliverable or delivered under Substitute Awards shall not be charged against such number, (iv) Shares deliverable or delivered under awards granted
after the Effective Date under the Directors’ Deferral Program shall be charged against such number and (v) upon the payment of any Award Price or satisfaction of tax withholding obligations under this Plan in respect of an Award by the
transfer or relinquishment of Shares, only the number of Shares actually delivered by the Corporation, less the number of Shares so transferred or relinquished, shall be charged against such number. The number of Shares that may be delivered under
this Plan pursuant to Section 3.1 shall be increased by the number of Shares subject to outstanding awards under the Terminated Plans that are forfeited or cancelled, or that expire or are otherwise surrendered or returned to the Company or
terminated, after the Effective Date and prior to delivery of Shares thereunder. 
 3.3 Adjustments. If any
reincorporation, recapitalization, reorganization, reclassification, stock dividend, stock split, reverse stock split or other change in the capital stock of the Corporation shall occur or any merger, consolidation, share exchange, spin-off,
split-up or other business combination or corporate transaction involving the Corporation shall occur or any dividend or distribution (other than a cash dividend that is ordinary in nature and amount) shall be declared or made with respect to the
Common Stock (each, a “Corporate Event”), the Compensation Committee shall, in the manner and to the extent that it deems appropriate and equitable, cause an adjustment to be made in: (i) the maximum number and kind of securities
subject to this Plan; (ii) the number and kind of securities, rights, cash and properties subject to then outstanding Awards; (iii) the Exercise Price of then outstanding Awards; and (iv) the other terms of this Plan and then
outstanding Awards; provided, however, that, in the case of Incentive Stock Options, such adjustments shall be made in a manner consistent with the requirements of Section 424(a) of the Code. 

3.4 Notices. The Corporation shall use reasonable efforts to inform Participants of the record date for any Corporate Event
sufficiently in advance to enable them to exercise vested Awards or, if otherwise permitted by the terms thereof then in effect, unvested Awards prior to such record date; provided, however, that neither the Company nor any director,
officer, employee, agent, consultant or representative of the Company shall be liable for failure to do so and the failure to do so shall not affect the authorization, validity, enforceability or consummation of any Corporate Event. 

 

	4.	Administration of this Plan 

 4.1 Compensation Committee and Board. This Plan shall be administered by the Compensation Committee, which shall have all rights, powers and authorities necessary or appropriate in connection
therewith. No member of the Compensation Committee or the Board shall be liable for any action, omission or determination made in good faith with respect to this Plan or any Award. Except to the extent prohibited by applicable laws, rules or
regulations (including NYSE rules), the Compensation Committee shall have the authority, in its sole 

  
 8 

 
discretion, to delegate administration of this Plan, in whole or in part, to third party service providers and administrators as well as employees of the Company. Without limiting the preceding
sentence, the Compensation Committee shall have the authority to delegate, in its sole discretion, to the CEO responsibility to designate Employees to participate in a pool of Awards, the terms and conditions of which (including the aggregate number
of Shares subject to Awards within the pool) shall have been specified by the Compensation Committee. Except to the extent prohibited by applicable laws, rules or regulations (including NYSE rules), the Board shall have the right, power and
authority to exercise any and all rights, powers and authorities of the Compensation Committee in respect of this Plan and any Award. 
 4.2 Discretionary Authority. Subject only to the express limitations of this Plan, the Compensation Committee shall have authority, in its sole discretion, to determine the Eligible Persons to
whom, and the time or times at which, Awards are granted, the number of Shares subject to Awards, the Award Price (if any) of Awards, the time or times at which Awards vest and become exercisable or payable, the term of Awards, the procedures for
exercise and settlement of Awards and all other terms and conditions of Awards. Subject only to the express limitations of this Plan, the Compensation Committee shall have sole authority, in its sole discretion, to interpret this Plan and each
Award, to make all factual determinations under this Plan and each Award (including determinations as to the achievement of Performance Measures), to amend this Plan or any Award Agreement to correct any defect, error or omission or to reconcile any
inconsistency herein or therein, and to make all other decisions necessary or advisable for administration of this Plan. The Compensation Committee shall have the authority, in its sole discretion, to prescribe, amend and rescind rules and
regulations relating to this Plan and the administration thereof. The determinations of the Compensation Committee under this Plan need not be uniform and may be made selectively among Persons who receive, or are eligible to receive, Awards, whether
or not such Persons are similarly situated. All interpretations, determinations, decisions and actions by the Compensation Committee shall be final and binding upon all parties. 

4.3 Terms of Awards. The Compensation Committee shall establish, in its sole discretion, the material terms and conditions of each
Award at the time it grants such Award. Such terms and conditions may include payment of any Award Price in Shares, cash or a combination thereof (which form of payment may be either prescribed by the Compensation Committee or subject to the
discretion of the Company or the Participant), Performance Measures, tandem or reload features, vesting schedules (and provisions regarding acceleration of vesting), registration provisions (including indemnification and contribution arrangements),
provisions relating to withholding of taxes, Transferability provisions, forfeiture and clawback provisions, anti-dilution provisions and provisions relating to the effect of a Change in Control or Corporate Event, provisions relating to voting,
dividends and distributions, and exercise provisions (including provisions relating to conditional exercises, net exercises and timing of payment of Award Prices). Each Award shall be evidenced by an Award Agreement between the Corporation and the
applicable Participant that shall include such terms and conditions. An Award Agreement may, but need not be, executed or acknowledged by the applicable Participant. 
 4.4 Changes to Awards. The Compensation Committee shall have the authority to effect, at any time and from time to time, upon the occurrence of a Change in Control or

  
 9 

 
Corporate Event (i) the cancellation of any or all outstanding Awards and the grant in substitution therefor of new Awards covering the same or different numbers or kinds of securities and
having an Award Price which may be the same as or different than the Award Price of the Awards being cancelled, (ii) the cancellation of any or all outstanding Awards in exchange for payment to the applicable Participants of an amount equal to
the value of the underlying Shares over the Award Prices of the Awards being cancelled, and (iii) the amendment of the terms and conditions of any and all outstanding Awards; provided, however, that no such action shall adversely
affect the rights or benefits of a Participant under any outstanding Award without the consent of such Participant. The Compensation Committee shall have authority to accelerate the vesting, exercisability or payment of any and all outstanding
Awards at any time or on the occurrence of any event or circumstance. For the avoidance of doubt and as provided in other provisions of the Plan, the Compensation Committee shall not have authority or discretion to make any change to any Award that
is intended to constitute a Section 162(m) Award, qualify as an Incentive Stock Option Award or meet the requirements for exemption from or compliance with Section 409A to the extent such change would cause the Award to fail to constitute
a Section 162(m) Award, qualify as an Incentive Stock Option Award or meet the requirements for exemption from or compliance with Section 409A, respectively. For the avoidance of doubt, in no event shall the cash value of Awards (based on
the value of a Share) granted to any one Participant in any one calendar year, in combination with other Awards that may be settled in Shares, exceed the value of 8,800,000 Shares, as adjusted pursuant to Sections 3.2 and 3.3 of the Plan.

 4.5 Section 162(m) Awards. The Compensation Committee may prescribe, in its sole discretion, that an Award
granted to a Participant is intended to constitute a Section 162(m) Award. To the extent applicable, any Award intended to constitute a Section 162(m) Award shall be conditioned on the achievement of one or more Performance Measures
selected by the Compensation Committee. The Compensation Committee shall take such action as is required to ensure that Awards intended to constitute Section 162(m) Awards comply with Section 162(m); provided, however, that
no member of the Compensation Committee or the Board shall be liable for any failure of any Section 162(m) Award to so comply and the authorization, validity and enforceability of any Award shall not be adversely affected due to a failure to so
comply. Notwithstanding anything contained herein to the contrary, Section 162(m) Awards shall be granted only by vote or consent of a committee where at least two directors shall satisfy the requirements for an “outside director”
under Section 162(m) and the grant of Section 162(m) Awards and establishment of Performance Measures shall be made during the times specified and in accordance with the terms of Section 162(m). 

 

	5.	Eligibility and Awards 

All Eligible Persons are eligible to be selected by the Compensation Committee to receive an Award under this Plan. Except as otherwise
agreed by the Company, no Person shall have a right to receive an Award or, having received an Award in the past, have a right to again receive an Award. The Compensation Committee is expected to consult with the CEO before granting Awards to
employees, consultants, advisers and independent contractors, except in cases where the Compensation Committee determines, in its sole discretion, that such consultation would be inappropriate; provided, however, that no member of the
Compensation Committee or the Board shall be liable for failure to so consult and the authorization, validity 

  
 10 

 
and enforceability of any Award shall not be adversely affected due to a failure to so consult. Where appropriate in order to give effect to this Section 5 or Section 4.1, references to
the Compensation Committee shall also include the CEO. Notwithstanding anything contained herein to the contrary, in no event shall the number of Shares subject to Awards granted to any one Participant during any one calendar year exceed 8,800,000
Shares, as adjusted pursuant to Sections 3.2 and 3.3 of the Plan. 
  

	6.	Stock Option Awards 

 6.1
Grant of Option Awards. An Option Award may be granted to any Eligible Person selected by the Compensation Committee; provided, however, that, in addition to any other limitations required to comply with the applicable
provisions of the Code, Incentive Stock Options shall be granted only to Employees. Unless otherwise designated by the Compensation Committee and complying with the applicable provisions of the Code, each Option shall be a Nonqualified Stock Option.

 6.2 Exercise Price. Except in the case of Substitute Awards, the Compensation Committee shall, in its sole discretion,
prescribe the exercise price per Share under each Option Award; provided, however, that the Exercise Price per Share under an Option Award shall not be less than the Fair Market Value per Share on the Grant Date. 

6.3 Vesting; Term of Option Award. The Compensation Committee shall, in its sole discretion, prescribe the time or times at which,
and the conditions upon which, each Option Award shall become vested and exercisable, if any. Such vesting requirements may be based on the continued employment of the applicable Participant with the Company, the attainment of specified Performance
Measures or other conditions established by the Compensation Committee, in its sole discretion. The Compensation Committee shall, in its sole discretion, prescribe the term of each Option Award; provided, however, that no Option Award
shall have a term that is longer than ten years after the applicable Grant Date. 
 6.4 Repricing. Notwithstanding
anything contained herein to the contrary, the Compensation Committee shall not have authority, without stockholder approval, to (i) amend previously granted Option Awards to reduce the Exercise Price of such Option Awards or (ii) except
pursuant to Section 3.3 or 14, cancel such Option Awards and grant replacement Awards with a lower Exercise Price than the Option Awards being cancelled. 
 6.5 Exercise of Option Award. Subject to such terms and conditions as may be prescribed by the Compensation Committee, in its sole discretion, or set forth in this Plan, an Option Award may be
exercised in whole or in part at any time during the term thereof by written notice to the Corporation, together with payment of the aggregate exercise price applicable to the Shares underlying such Option Award or the part thereof exercised.

 6.6 Dividends. The Compensation Committee may prescribe, in its sole discretion, that a Participant holding an Option
Award shall have the right to receive, with respect to each Share underlying such Option Award, payments of amounts equal to any and all dividends and distributions paid to stockholders during the term of such Option Award. Any dividends provided
pursuant to this Section 6.6 shall be made in a manner subject to terms and conditions so as to comply with Section 409A. 

  
 11 

 6.7 Additional Rules for Incentive Stock Options. 

(a) Annual Limits. No Incentive Stock Option shall be granted to a Participant to the extent that, as a result of such grant, the
aggregate Fair Market Value (determined as of the proposed Grant Date) of the Shares with respect to which “incentive stock options” under Section 422 of the Code are exercisable for the first time in any calendar year under this Plan
and any other plans of the Company would exceed the maximum amount permitted under Section 422(d) of the Code. This limitation shall be applied by taking “incentive stock options” under Section 422 of the Code into account in the
order in which granted. Subject to Section 3.3, the maximum number of Shares that may be made subject to Incentive Stock Options granted to any one Participant during any one calendar year shall be 1,000,000 Shares. 

(b) Termination of Employment. No Incentive Stock Option Award shall provide that such Incentive Stock Option may be exercised
later than three months following termination of employment of the Participant with the Company, except to the extent permitted under special rules relating to death and disability in accordance with Section 422 of the Code. 

(c) Other Terms and Conditions; Nontransferability. Notwithstanding anything contained herein to the contrary, the terms and
conditions of an Incentive Stock Option Award may contain such additional terms and conditions, not inconsistent with the terms of this Plan, as are deemed necessary or desirable by the Compensation Committee, in its sole discretion, so as to cause
such Incentive Stock Option to qualify as an “incentive stock option” under Section 422 of the Code; provided, however, that no member of the Compensation Committee or the Board shall be liable for failure of any Incentive Stock
Option Award to so comply and the authorization, validity and enforceability of any Incentive Stock Option Award shall not be adversely affected due to a failure to so comply. Such terms and conditions, together with the terms of this Plan, shall be
interpreted so as to cause such Incentive Stock Option to qualify as an “incentive stock option” under Section 422 of the Code. Such terms and conditions shall include, if applicable, limitations on Incentive Stock Options granted to
owners of ten percent or more of the Company. An Award Agreement for an Incentive Stock Option shall provide that such Option shall be treated as a Nonqualified Stock Option to the extent that requirements applicable to “incentive stock
options” under Section 422 of the Code shall not be satisfied, shall be nontransferable other than by will or by the laws of descent and distribution, and shall be exercisable during the lifetime of the applicable Participant only by such
Participant. 
 (d) Disqualifying Dispositions. This Award Agreement for an Incentive Stock Option shall provide that, if
Shares acquired by exercise of an Incentive Stock Option are disposed within two years following the Grant Date or one year following the delivery of such Shares to the applicable Participant upon exercise thereof, such Participant shall be required
to, promptly following such disposition, notify the Company in writing of the date and terms of such disposition and provide such other information regarding such disposition as the Compensation Committee, in its sole discretion, may request.

  

	7.	Stock Appreciation Rights Awards 

 7.1 Grant of SAR Awards. An SAR Award may be granted to any Eligible Person selected by the Compensation Committee. 

  
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 7.2 Base Price. The Compensation Committee shall, in its sole discretion, prescribe
the base price under each SAR Award; provided, however, that the base price per Share under a SAR Award shall not be less than the Fair Market Value of a Share on the Grant Date. 

7.3 Vesting; Term of SAR Award. The Compensation Committee shall, in its sole discretion, prescribe the time or times at which,
and the conditions upon which, each SAR Award shall become vested and exercisable, if any. Such vesting requirements may be based on the continued employment of the applicable Participant with the Company, the attainment of specified Performance
Measures or other conditions established by the Compensation Committee, in its sole discretion. The Compensation Committee shall, in its sole discretion, prescribe the term of each SAR Award; provided, however, that no SAR Award shall
have a term that is longer than ten years after the applicable Grant Date. 
 7.4 Exercise of SAR Award. Subject to such
terms and conditions as may be prescribed by the Compensation Committee, in its sole discretion, or set forth in this Plan, an SAR Award may be exercised in whole or in part at any time during the term thereof by written notice to the Company. Upon
exercise of an SAR Award in whole or in part, the applicable Participant shall be entitled to receive such number of Shares that in the aggregate have a Fair Market Value equal to the excess, if any, of (i) the Fair Market Value of the Shares
underlying such SAR Award or the part thereof exercised as of the date of exercise over (ii) the aggregate base price applicable to such Shares. 
 7.5 Freestanding Awards. Notwithstanding anything contained herein to the contrary, no SAR Award shall be awarded in tandem with an Option Award. 

7.6 Dividends. The Compensation Committee may prescribe, in its sole discretion, that a Participant holding an SAR Award shall
have the right to receive, with respect to each Share underlying such SAR Award, payments of amounts equal to any and all dividends and distributions paid to stockholders during the term of such SAR Award. Any dividends provided pursuant to this
Section 7.6 shall be made in a manner subject to terms and conditions so as to comply with Section 409A. 
  

	8.	Restricted Stock Awards 

8.1 Grant of Restricted Stock Awards. A Restricted Stock Award may be granted to any Eligible Person selected by the Compensation
Committee. 
 8.2 Purchase Price. A Restricted Stock Award may provide for an award of Shares without requiring payment
of any purchase price, or may require the Participant to pay a specified purchase price, for the Shares underlying such Restricted Stock Award. The Compensation Committee shall, in its sole discretion, prescribe any such purchase price under any
Restricted Stock Award. 
 8.3 Vesting. The Compensation Committee shall, in its sole discretion, prescribe the time or
times at which, and the conditions upon which, each Restricted Stock Award shall become vested, if any. Such vesting requirements may be based on the continued employment of the applicable Participant with the Company, the attainment of specified
Performance Measures or other conditions established by the Compensation Committee, in its sole discretion. 

  
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 8.4 Restrictions. The Shares underlying a Restricted Stock Award may be immediately
Transferable or subject to restrictions on Transfer. The Compensation Committee shall, in its sole discretion, prescribe the time or times at which, and the conditions upon which, each Restricted Stock Award shall become Transferable. The
Compensation Committee shall, in its sole discretion, prescribe the term for satisfying any conditions to vesting or Transferability of any Restricted Stock Award; provided, however, that such term shall not be longer than ten years
after the Grant Date. The Compensation Committee may prescribe that the certificates representing the Shares underlying a Restricted Stock Award shall remain in the physical custody of the Company or an agent designated by the Company until all such
restrictions and conditions have been satisfied on or are waived, terminated or expired. Unless otherwise prescribed by the Compensation Committee, in its sole discretion, failure to satisfy any such conditions shall result in the forfeiture (and
return to the Corporation) by the Participant of the Shares underlying the applicable Restricted Stock Award and the return by the Company to the Participant of any purchase price paid by the Participant in respect thereof. 

8.5 Rights as Stockholder. Subject to the provisions of this Section 8 and unless otherwise prescribed by the Compensation
Committee, in its sole discretion, the Participant will have all rights of a stockholder with respect to the Shares underlying a Restricted Stock Award, including the right to vote such Shares and, subject to such requirements as the Compensation
Committee may prescribe, in its sole discretion (including requirements as to vesting, Transferability, custody and forfeiture consistent with those applicable to the underlying Shares), to receive all dividends and other distributions paid with
respect to such Shares. 
 8.6 Section 83(b) Election. The Compensation Committee may prescribe, in its sole
discretion, that a Restricted Stock Award is conditioned upon the applicable Participant refraining from making an election with respect to such Restricted Stock Award under Section 83(b) of the Code. Irrespective of whether a Restricted Stock
Award is so conditioned, the applicable Award Agreement shall specify that, if the applicable Participant makes an election pursuant to Section 83(b) of the Code with respect to such Restricted Stock Award, such Participant shall be required to
promptly file a copy of such election with the Corporation. 
  

	9.	Phantom Stock Awards 

 9.1
Grant of Phantom Stock Award. A Phantom Stock Award may be granted to any Eligible Person selected by the Compensation Committee. 
 9.2 Vesting. The Compensation Committee shall, in its sole discretion, prescribe the time or times at which, and the conditions upon which, each Phantom Stock Award shall become vested, if any.
Such vesting requirements may be based on the continued employment of the applicable Participant with the Company, the attainment of specified Performance Measures or other conditions established by the Compensation Committee, in its sole
discretion. The Compensation Committee shall, in its sole discretion, prescribe the term for satisfying any such requirements; provided, however, that such term shall not be longer than ten years after the applicable Grant Date.

 9.3 Benefit Upon Vesting. Unless otherwise prescribed by the Compensation Committee, in its sole discretion, upon
vesting of a Phantom Stock Award, the applicable 

  
 14 

 
Participant shall be entitled to receive cash in an amount equal to the Fair Market Value of the Shares underlying such Phantom Stock Award on such date. 

9.4 Dividends. The Compensation Committee may, in its sole discretion, prescribe that a Participant holding a Phantom Stock Award
shall have the right to receive, subject to satisfying a vesting requirement, with respect to each Share underlying such Phantom Stock Award, payments of amounts equal to any and all dividends and distributions paid to stockholders during the term
of such a Phantom Stock Award. 
  

	10.	Deferred Stock Awards 

10.1 Grant of Deferred Stock Award. A Deferred Stock Award may be granted to any Eligible Person selected by the Compensation
Committee. 
 10.2 Vesting. The Compensation Committee shall, in its sole discretion, prescribe the time or times at
which, and the conditions upon which, each Deferred Stock Award shall become vested, if any. Such vesting requirements may be based on the continued employment of the applicable Participant with the Company, the attainment of specified Performance
Measures or other conditions established by the Compensation Committee, in its sole discretion. The Compensation Committee shall, in its sole discretion, prescribe the term for satisfying any such requirements; provided, however, that
such term shall not be longer than ten years after the applicable Grant Date. 
 10.3 Rights as Stockholder. Unless
otherwise prescribed by the Compensation Committee, in its sole discretion, upon vesting of a Deferred Stock Award, the applicable Participant shall be entitled to receive the Shares underlying such Deferred Stock Award. Unless otherwise prescribed
by the Compensation Committee, in its sole discretion, the applicable Participant shall have no rights as a stockholder (including rights to vote or to receive dividends or distributions) with respect to the Shares underlying a Deferred Stock Award
until such Shares have been delivered to such Participant. 
 10.4 Dividends. The Compensation Committee may prescribe,
in its sole discretion, that Participants holding a Deferred Stock Award shall have the right to receive, with respect to each Share underlying such Deferred Stock Award, payments of amounts equal to any and all dividends and distributions paid to
stockholders during the term of such Deferred Stock Award. 
  

	11.	Performance Share and Performance Unit Awards 

 Performance Share Awards and Performance Unit Awards may be granted to any Eligible Person selected by the Compensation Committee. Performance Share Awards and Performance Unit Awards shall be based on
the achievement, over a specified period, of Performance Measures as prescribed by the Compensation Committee, in its sole discretion. Performance Share Awards and Performance Unit Awards may be paid in Shares, cash or a combination thereof as
prescribed by the Compensation Committee, in its sole discretion. 
  

	12.	Substitute and Other Awards 

 Substitute Awards and Awards other than Option, Restricted Stock, Stock Appreciation 

  
 15 

 
Right, Phantom Stock, Deferred Stock, Performance Share and Performance Unit Awards may be granted to any Eligible Person selected by the Compensation Committee. Such other Awards may be granted
alone or in addition to any other Awards granted under this Plan. The terms and conditions of any Substitute Awards or such other Awards shall be prescribed by the Compensation Committee, in its sole discretion. 

 

	13.	Awards to Non-Employee Directors 

 In addition to Awards provided under this Plan, Shares deliverable under this Plan may also be delivered in respect of payment of deferrals of retainers, meeting fees and other payments to non-employee
directors of the Company under the Directors Deferral Program. 
  

	14.	Change in Control 

 In
addition to the adjustments required under Section 3.3, the Compensation Committee may prescribe additional provisions for the effect of a Change in Control or a Corporate Event on an Award. Such provisions may include: (i) acceleration of
the vesting and exercisability of any Award; (ii) extension of time periods for satisfying vesting or Transferability conditions with respect to, or exercising or realizing payments, rights, benefits or gains from, any Award;
(iii) elimination or modification of conditions related to vesting, Transferability or exercisability of or payments, rights, benefits or gains under, any Award; and (iv) provision for the settlement of any Award for an equivalent value in
other securities, cash or properties. 
  

	15.	Miscellaneous Award Provisions 

 15.1 Conflicts. In the event of a conflict between the terms of this Plan and any Award Agreement, the terms of this Plan shall prevail. 

15.2 Forfeiture Events. The Compensation Committee may prescribe, in its sole discretion, that a Participant’s rights,
payments, gains and benefits with respect to an Award shall be subject to reduction, cancellation, forfeiture or recoupment upon the occurrence of specified events, in addition to any otherwise applicable continued employment or performance
conditions. Such events may include termination of employment for cause, violation of material policies, breach of noncompetition, confidentiality or other restrictive covenants and engagement in Detrimental Conduct. 

15.3 Settlement of Awards. Except as otherwise expressly provided herein, the Compensation Committee may prescribe, in its sole
discretion, that Awards may be settled in Shares, cash, other Awards or any combination thereof. 
  

	16.	General Provisions 

 16.1
No Assignment or Transfer; Beneficiaries. Unless otherwise prescribed by the Compensation Committee, in its sole discretion, Awards shall not be Transferable, except by will or by the laws of descent and distribution and, during the lifetime
of a Participant, Awards shall be exercised only by the applicable Participant or by his guardian or legal representative. Notwithstanding anything contained herein to the contrary, Awards shall not be Transferable for value. Each Participant shall
have the right to designate a beneficiary or beneficiaries who shall 

  
 16 

 
be entitled to take any action, make any election and receive any rights, payments, benefits or gains under an applicable Award following such Participant’s death. 

16.2 Deferrals of Payment. Notwithstanding anything contained herein to the contrary, the Compensation Committee may permit, in
its sole discretion, a Participant to defer the receipt of payment or delivery of cash, securities, rights or other property that would otherwise be due to such Participant by virtue of the exercise of or the satisfaction of vesting or other
conditions or restrictions with respect to an Award. If any such deferral is to be permitted, the Compensation Committee shall establish, in its sole discretion, the rules and procedures relating to such deferral, including the period of time in
advance of payment or delivery when an election to defer is required to be made, the time period of the deferral, the events that would result in payment or delivery of the deferred amount, the interest or other earnings attributable to the deferred
amount and the method of funding (if any) attributable to the deferred amount. Any deferrals made pursuant to this Section 16.2 shall be made in a manner and subject to terms and conditions so as to comply with Section 409A. 

16.3 Rights as Stockholder. Except as otherwise provided in this Plan, no Participant shall have any rights (including rights with
respect to voting, dividends or distributions) with respect to any securities underlying an Award until the date such Participant becomes the holder of record of such securities. 

16.4 Employment or Service. Nothing in this Plan, in the grant of any Award or in any Award Agreement shall confer upon any
Eligible Person or Participant the right to continue in any capacity in which he is employed by, or otherwise serves, the Company and shall not interfere in any way with any right that the Company would otherwise have to terminate his or her
employment or other service at any time. 
 16.5 Securities Laws. Notwithstanding anything contained herein to the
contrary, no Shares or other securities will be issued pursuant to an Award unless and until all then applicable requirements imposed by securities and other laws, rules and regulations and by the NYSE have been satisfied. As a condition precedent
to the issuance thereof, the Company may require any applicable Participant to take any reasonable action necessary or appropriate to satisfy such requirements. The Company shall have the right, in its sole discretion, to place necessary or
appropriate stop transfer instructions in respect of, and legends on any certificate for, Shares delivered hereunder. This Plan is intended to comply with Section 409A and any ambiguities should be interpreted in such a way as to comply with
Section 409A. 
 (a) Registration. The Corporation shall file, at its expense, a registration statement or
statements on Form S-8 or Form S-3 (or any applicable successor Form), as appropriate, to register the issuance or resale of the Shares subject to this Plan and underlying outstanding Awards under the Securities Act, at such time or times and
subject to such restrictions and limitations as the Corporation, in its sole discretion, may deem necessary or appropriate. Without limiting any such restrictions or limitations, any resale of the Shares pursuant to such registration statement or
statements shall be subject to (i) the continued effectiveness or use, at the Corporation’s discretion, of such registration statement or statements and (ii) any blackout, insider trading, short-swing profits, holdback or other
trading restrictions which the Corporation 

  
 17 

 
may impose or to which the Participant may be subject, by law, under Company policies or otherwise. 
 (b) Indemnification. Any Participant for whom the resale of Shares is included in such registration statement or statements will indemnify the Corporation, each of its directors and officers and
each Person who Controls the Corporation (other than such Participant) against all claims, losses, damages, expenses and liabilities (or actions in respect thereof) arising out of or based upon any untrue statement (or alleged untrue statement) of a
material fact contained in any such registration statement or statements, or any omission (or alleged omission) to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and will
reimburse the Corporation, each of its directors and officers and each Person Controlling the Corporation (other than such Participant) for all legal and any other expenses reasonably incurred in connection with investigating or defending any such
claim, loss, damage, liability or action, in each case to the extent, but only to the extent, that such untrue statement (or alleged statement) or omission (or alleged omission) is made in such registration statement or statements in reliance upon
and in conformity with written information furnished to the Corporation by such Participant with respect to such Participant and expressly stated to be specifically for use therein; provided, however, that the liability of any such
Participant under this Section 16.5(b) shall be limited to the amount of proceeds received by such Participant in the resale giving rise to such liability. 
 16.6 Tax Withholding. The Participant shall be responsible for payment of any taxes or similar charges required by law to be withheld from an Award or securities, cash, rights or other property
paid or delivered in settlement of an Award. Payment shall be made: (i) in cash or by check; (ii) at the discretion of the Compensation Committee, in Shares acceptable to the Compensation Committee, valued at the Fair Market Value of such
Shares on the applicable date; (iii) by deduction from the settlement of the applicable Award; (iv) at the discretion of the Compensation Committee, by a combination of the methods described above; or (v) by such other method as may
be approved by the Compensation Committee, in its sole discretion. 
 16.7 Unfunded Plan. Neither the adoption of this
Plan nor the setting aside of securities, cash, rights or other property by the Company with which to discharge its obligations hereunder shall be deemed to create a trust or other funded arrangement. The benefits provided under this Plan shall be
general unsecured obligations of the Company payable solely from the general assets of the Company, and neither a Participant nor such Participant’s beneficiaries, estate or permitted Transferees shall have any interest in any assets of the
Company by virtue of this Plan, except as a general unsecured creditor of the Company. The Company shall have the right to implement or set aside securities, cash, rights or other property in a grantor trust, subject to the claims of the
Company’s creditors, to discharge its obligations under this Plan. 
 16.8 Other Compensation and Benefit Plans. The
adoption of this Plan shall not affect any other stock incentive or other compensation plans of the Company and shall not preclude the Company from establishing any other forms of stock incentive or other compensation for employees, non-employee
directors or other Persons. The amount of any compensation deemed to be received by a Participant pursuant to an Award shall not constitute compensation with respect to which any other benefits of such Participant are determined, including benefits
under 

  
 18 

 
any bonus, pension, profit sharing, life insurance or salary continuation plan, except as otherwise specifically provided by the terms of such plan. 

16.9 Plan Binding on Transferees. This Plan shall be binding upon the Company, its successors and assigns, and the Participant,
his beneficiaries, estate (which includes his executor or administrator) and permitted Transferees. 
 16.10 Construction and
Interpretation. Whenever used herein, nouns in the singular shall include the plural, and the masculine pronoun shall include the feminine gender. Whenever used herein, the word “including” shall be deemed to be followed by the phrase
“without limitation.” Headings of Sections hereof are inserted for convenience of reference and constitute no part of this Plan. 
 16.11 Severability. If any provision of this Plan or any Award becomes, or is deemed by the Compensation Committee to be, invalid, illegal or unenforceable in any jurisdiction or as to any Person
or Award, or would disqualify this Plan or any Award under any law deemed applicable by the Compensation Committee, such provision shall be construed or deemed amended to conform to the applicable laws or, if it cannot be so construed or deemed
amended without, in the determination of the Compensation Committee, materially altering the intent of this Plan or such Award, such provision shall be stricken as to such jurisdiction, Person or Award and the remainder of this Plan and such Award
shall remain in full force and effect. 
 16.12 Governing Law. The validity and construction of this Plan and of the
Award Agreements shall be governed by the laws of the State of Delaware. 
 16.13 Fractional Shares. No fractional Shares
shall be delivered pursuant to this Plan or any Award, and the Compensation Committee shall determine whether cash, other securities or other property shall be paid or delivered in lieu of any fractional Shares or whether such fractional Shares or
any rights thereto shall be canceled, terminated or otherwise eliminated. 
 16.14 Foreign Employees. In order to
facilitate the grant of Awards under this Plan, the Compensation Committee may, in its sole discretion, (i) provide for such special terms for Awards to Participants who are foreign nationals, or who are employed by the Company outside of the
United States, as the Compensation Committee may, in its sole discretion, consider necessary or appropriate to accommodate differences in local law, tax policy or custom and (ii) approve such supplements to, or amendments, restatements or
alternative versions of, this Plan, as it may, in its sole discretion, consider necessary or appropriate for such purposes without thereby affecting the terms of this Plan for any other purpose; provided, that no such supplements, amendments,
restatements or alternative versions shall include any provisions that are inconsistent with the terms of this Plan, as then in effect, unless this Plan could have been amended to eliminate such inconsistency without further approval by the
stockholders under NYSE rules. 
 16.15 Section 409A. Notwithstanding anything contained herein to the contrary, to
the extent that Section 409A applies to the grant of any Award under this Plan, the Compensation Committee may, in its sole discretion, modify such Award as necessary to comply with the requirements of Section 409A; provided, that
in no event shall such modification result in a reduction in the value of any Award (determined without regard to the time value of money). 

  
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	17.	Effective Date, Termination and Amendment 

 17.1 Effective Date: Shareholder Approval. This Plan shall become effective on the date of approval of this Plan by the stockholders of the Corporation. 

17.2 Termination. The authority to grant new Awards under this Plan shall terminate on the date immediately preceding the tenth
anniversary of the Effective Date. The Board may, in its sole discretion and at any earlier date, terminate the Plan. No termination of this Plan shall adversely affect any Award theretofore granted, without the consent of the applicable Participant
or his estate, beneficiary or permitted Transferee. 
 17.3 Amendment. The Board may, at any time and from time to time
and in any respect, amend or modify the Plan; provided, however, that the Board may seek the approval of any amendment or modification by the stockholders to the extent that it deems necessary or advisable, in its sole discretion, for
purposes of compliance with the Code, the listing requirements of the NYSE or any other purpose. No amendment or modification of this Plan shall adversely affect any Award theretofore granted without the consent of the applicable Participant or his
estate, beneficiary or permitted Transferee. The authority of the Compensation Committee to take any action (other than grant new Awards) hereunder shall continue after the authority for grant of new Awards hereunder has been exhausted or terminated
(and, for these purposes, new Awards do not include Awards under Section 3.3 or Substitute Awards). 

  
 20

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