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EXHIBIT 10.6

AMENDED AND RESTATED WESTERN DIGITAL CORPORATION

NON-EMPLOYEE DIRECTORS STOCK-FOR-FEES PLAN

          This plan (1) was implemented in 1992, (2) was amended and restated effective as of January 9,
1997 to require directors to take half their annual retainer fee in stock, permit deferrals of cash
or stock under the plan, and make certain other changes to conform the plan to the new version of
Rule 16b-3 and ease administration, (3) was amended and restated effective as of January 27, 2000,
to require directors to take $20,000 of their annual retainer fee in stock, increase the premium to
25% for deferral of annual retainers or meeting fees received in the form of common stock and
provide a premium of 15% for deferral of annual retainers or meeting fees received in the form of
cash, (4) was amended and restated effective as of November 14, 2002, to extend the term of the
plan to December 31, 2012, (5) was amended and restated effective as of November 18, 2004, to
eliminate (i) the requirement that directors receive half of their annual retainer fee in stock,
and (ii) the requirement that the Company pay non-employee directors a 15% premium on cash annual
retainer fees or cash meeting fees that the director elects to defer under the Company’s Deferred
Compensation Plan, and (6) was amended and restated effective as of November 17, 2005, to eliminate
the requirement that the Company pay non-employee directors a 25% premium on any deferral election
made by a non-employee director under the Company’s Deferred Compensation Plan with respect to
annual retainer fees or cash meeting fees payable in the Company’s common stock.

     1. Purpose.

          The purposes of this Western Digital Corporation Non-Employee Director Stock-For-Fees Plan
(the “Plan”) are to advance the interests of Western Digital Corporation (the “Company”) and its
stockholders by increasing ownership by the Company’s non-employee directors of the Company’s
Common Stock, thereby aligning their interests more closely with the interests of the Company’s
other stockholders, and to make available to the Company the cash that would otherwise have been
paid to non-employee directors receiving Common Stock in lieu of fees hereunder.

     2. Administration.

          The Plan shall be administered by the Company, which shall have the power to construe the
Plan, to resolve all questions arising under the Plan, to adopt and amend such rules and
regulations for the administration of the Plan as it may deem desirable, and otherwise to carry out
the terms of the Plan, but only to the extent not contrary to the express provisions of the Plan.
The determinations, interpretations, and other actions of the Company of or under the Plan or with
respect to any Common Stock granted pursuant to the Plan shall be final and binding for all
purposes and on all persons. Neither the Company nor any officer or employee thereof shall be
liable for any action or determination taken or made under the Plan in good faith. Notwithstanding
the foregoing, the Company shall have no authority or discretion as to the persons who will receive
Common Stock granted pursuant to the Plan, the number of shares of Common Stock to be issued under
the Plan, the time at which such grants are made, the number

 

 

of shares of Common Stock to be granted at any particular time, or any other matters that are
specifically governed by the provisions of the Plan.

     3. Participation in the Plan.

          Directors of the Company who are not employees of the Company or any subsidiary of the Company
(“Eligible Directors”) shall be eligible to participate in the Plan. Each Eligible Director shall,
if required by the Company, enter into an agreement with the Company in such form as the Company
shall determine consistent with the provisions of the Plan for purposes of implementing the Plan or
effecting its purposes. In the event of any inconsistency between the provisions of the Plan and
any such agreement, the provisions of the Plan shall govern.

     4. Stock Subject to the Plan.

          (a) Number of Shares. The shares that may be issued under the Plan shall be
authorized and unissued shares or treasury shares of the Company’s Common Stock (the “Common
Stock”). The maximum aggregate number of shares that may be issued under the Plan shall be four
hundred thousand (400,000), subject to adjustment upon changes in capitalization of the Company as
provided in Section 4(b). The maximum aggregate number of shares issuable under the Plan
may be increased from time to time by approval of the Company’s Board of Directors, and by the
stockholders of the Company if stockholder approval is required pursuant to the applicable rules of
any stock exchange, or, in the opinion of the Company’s counsel, any other law or regulation
binding upon the Company.

          (b) Adjustments. If the Company shall at any time increase or decrease the number of
its issued and outstanding shares of Common Stock (whether by reason of reorganization, merger,
consolidation, recapitalization, stock dividend, stock split, combination of shares, exchange of
shares, change in corporate structure, or otherwise), then the number of shares of Common Stock
still available for issue hereunder shall be increased or decreased appropriately and
proportionately.

     5. Stock Elections.

          Each Eligible Director may make an “Election” to receive Common Stock in lieu of any or all of
(i) the annual retainer fee otherwise payable to him or her in cash for that calendar year, and/or
(ii) the meeting attendance fees otherwise payable to him or her in cash for that calendar year.
Such Election for any calendar year must be in writing and must be delivered to the Secretary of
the Company not later than the end of the immediately preceding calendar year. In addition, newly
elected or appointed Eligible Directors shall make an interim Election as of the date they join the
board, which interim Election shall govern until the immediately ensuing calendar year. Separate
Elections must be made for each calendar year; if an Eligible Director does not make a written
Election for any particular calendar year, then such Eligible Director shall be deemed to have
elected to receive all meeting fees and his or her retainer fee for that calendar year in cash.

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     6. Issuance of Common Stock.

          (a) Timing and Amounts of Issuances.

               (i) Common Stock issuable to an Eligible Director in lieu of annual retainer or meeting fees
shall be issued not later than ten days after the date such annual retainer or meeting fees, as the
case may be, would have been paid if paid in cash.

               (ii) The number of shares of Common Stock issuable in lieu of cash annual retainer fees
(whether or not deferred) shall be determined by dividing the amount of cash fees being replaced by
Common Stock by the Fair Market Value (as defined below) of the Common Stock on the first trading
day of the calendar year for which the annual retainer is being paid (or January 27 in the case of
2000) or, in the case of an annual retainer being paid to a newly appointed or elected Eligible
Director for a partial year, on the date such Eligible Director joins the board.

               (iii) The number of shares of Common Stock issuable in lieu of cash meeting fees (whether or
not deferred) shall be determined by dividing the amount of cash fees being replaced by Common
Stock by the Fair Market Value of the Common Stock on the date of the meeting for which the fee is
paid.

          (b) Fractional Shares. No fractional shares shall be issued under the Plan. The
portion of annual retainer or meeting fees that would be paid in Common Stock but for the
proscription on fractional shares shall be paid in cash along with any portion of the fee (or the
next subsequent fee) that the Eligible Director has elected to receive in cash. For directors
electing no cash for a particular calendar year, fractional share equivalent cash balances shall be
held by the Company until the end of that calendar year and then distributed in cash to the
Eligible Director without interest.

          (c) Fair Market Value. For the purposes of the Plan, the “Fair Market Value” of the
Common Stock as of any issuance or deferral date shall be the closing price of the Common Stock on
the New York Stock Exchange (or another national stock exchange or the NASDAQ National Market
System, if the Common Stock trades thereon but not on the NYSE) as of such date (or, if no such
shares were traded on such date, as of the next preceding day on which there was such a trade,
provided that the closing price on such preceding date is not less than 100% of the fair market
value of the Common Stock, as determined in good faith by the Company, on the date of issuance).
If at any time the Common Stock is no longer traded on a national stock exchange or the NASDAQ
National Market System, the Fair Market Value of the Common Stock as of any issuance date shall be
as determined by the Company in good faith in the exercise of its reasonable discretion.

          (d) Issuance of Certificates. As promptly as practicable following each issuance of
Common Stock hereunder, the Company shall issue to the recipient Eligible Director a stock
certificate or certificates registered in his or her name representing the number of shares of
Common Stock issued.

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     7. Deferral.

          (a) Election to Defer. An Eligible Director may elect to defer the receipt of any
cash or stock annual retainer or meeting fees payable during the period to which an Election
applies. Any such deferral election by an Eligible Director shall specify whether the fees to be
deferred are fees that the Eligible Director is required or has elected to receive in Common Stock,
and shall be made and take effect at the times specified in the Company’s Deferred Compensation
Plan (the “Deferred Compensation Plan”). The deferral shall not change the form (cash versus
Common Stock) in which the fee is to be paid at the end of the deferral period, notwithstanding the
fact that during the deferral period fees ultimately payable in Common Stock may be general
unsecured obligations of the Company to the Eligible Director.

          (b) [Reserved]

          (c) Plan Shares. All shares issued or issuable under the Plan, including deferred
shares and shares issuable as premiums on deferrals, shall be deducted from the shares available
under the Plan at the time first issued or deferred, provided that shares deferred and not
ultimately issued and delivered to the Eligible Director shall be returned to the pool of available
shares under the Plan.

          (d) Deferred Compensation Plan. Deferral of Eligible Directors’ fees, whether payable
in cash or Common Stock and including any premiums, shall be administered pursuant to the Deferred
Compensation Plan.

     8. Securities Laws.

          (a) Investment Representations. The Company may require any Eligible Director to whom
an issuance of securities is made or a deferred delivery obligation is undertaken as a condition of
receiving securities pursuant to such issuance or obligation to give written assurances in
substance and form satisfactory to the Company and its counsel to the effect the such person is
acquiring the securities for his or her own account for investment and not with any present
intention of selling or otherwise distributing the same in violation of applicable securities laws,
and to such other effects as the Company deems necessary or appropriate to comply with federal and
applicable state securities laws.

          (b) Listing, Registration, and Qualification. Anything to the contrary herein
notwithstanding, each issuance of securities shall be subject to the requirement that, if at any
time the Company or its counsel shall determine that the listing, registration, or qualification of
the securities subject to such issuance upon any securities exchange or under any state or federal
law, or the consent or approval of any governmental or regulatory body, is necessary or advisable
as a condition of, or in connection with, such issuance of securities, such issuance shall not
occur in whole or in part unless such listing, registration, qualification, consent, or approval
shall have been effected or obtained on conditions acceptable to the Company. Nothing herein shall
be deemed to require the Company to apply for or to obtain such listing, registration, or
qualification.

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          (c) Restrictions on Transfer. The securities issued under the Plan shall be
restricted by the Company as to transfer unless the grants are made under a registration statement
that is effective under the Securities Act of 1933, as amended, or unless the Company receives an
opinion of counsel satisfactory to the Company to the effect that registration under state or
federal securities laws is not required with respect to such transfer.

     9. Withholding Taxes.

          Whenever shares of Common Stock are to be issued under the Plan, the Company shall have the
right prior to the delivery of any certificate or certificates for such shares to require the
recipient to remit to the Company an amount sufficient to satisfy federal, state and local
withholding tax requirements attributable to the issuance. In the absence of payment by an
Eligible Director to the Company of an amount sufficient to satisfy such withholding taxes, or an
alternative arrangement with the Eligible Director that is satisfactory to the Company, the Company
may make such provisions as it deems appropriate for the withholding of any such taxes which the
Company determines it is required to withhold.

     10. Amendment of the Plan.

          The Board of Directors of the Company may suspend or terminate the Plan or any portion thereof
at any time, and may amend the Plan from time-to-time in any respect the Board of Directors may
deem to be in the best interests of the Company; provided, however, that no such amendment shall be
effective without approval of the stockholders of the Company if stockholder approval of the
amendment is then required pursuant to the applicable rules of any securities exchange, or, in the
opinion of the Company’s counsel, any other law or regulation binding on the Company.

     11. Effective Date and Duration of the Plan.

          The Plan shall, subject to approval by the Company’s stockholders at the Company’s 1992 Annual
Meeting, be effective January 1, 1993. The Plan shall terminate at 11:59 p.m. on December 31,
2012, unless sooner terminated by action of the Board of Directors. Elections may be made under
the Plan prior to its effectiveness, but no issuances under the Plan shall be made before its
effectiveness or after its termination.

     12. Governing Laws.

          The Plan and all rights and obligations under the Plan shall be construed in accordance with
and governed by the laws of the State of California, excluding its conflicts of laws principles.

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EXHIBIT 10.7

APPENDIX B

WESTERN DIGITAL CORPORATION

AMENDED AND RESTATED 2004 PERFORMANCE INCENTIVE PLAN

NON-EMPLOYEE DIRECTOR RESTRICTED STOCK UNIT GRANT PROGRAM

1. Establishment. The Corporation maintains the Western Digital Corporation Non-Employee
Directors Restricted Stock Unit Plan, which plan is hereby amended and restated in its entirety
effective as of November 17, 2005 (the “Effective Date”) as set forth herein and is hereby renamed
the Non-Employee Director Restricted Stock Unit Grant Program (the “Program”). This amendment and
restatement of the Program is effective as to grants on and after the Effective Date; awards
granted under the Program prior to the Effective Date are governed by the applicable terms of the
Program as in effect on the date of grant of the award. The Program has been restated as an
Appendix to, and any shares of Common Stock issued with respect to awards granted under the Program
on and after the Effective Date shall be charged against the applicable share limits of, the
Western Digital Corporation Amended and Restated 2004 Performance Incentive Plan (the “Plan”).
Except as otherwise expressly provided herein, the provisions of the Plan shall govern all awards
made pursuant to the Program. Capitalized terms are defined in the Plan if not defined herein.

2. Purpose. The purpose of the Program is to promote the success of the Corporation and
the interests of its stockholders by providing members of the Board who are not officers or
employees of the Corporation or one of its Subsidiaries (“Non-Employee Directors”) an opportunity
to acquire an ownership interest in the Corporation and more closely aligning the interests of
Non-Employee Directors and stockholders.

3. Participation. An award of Stock Units (a “Stock Unit Award”) under the Program shall
be made only to Non-Employee Directors, shall be evidenced by a Notice of Award of Stock Units
substantially in the form attached as Exhibit 1 hereto and shall be further subject to such
other terms and conditions set forth therein. As used in the Program, the term “Stock Unit” shall
mean a non-voting unit of measurement which is deemed for bookkeeping purposes to be equivalent to
one outstanding share of Common Stock (subject to adjustment as provided in Section 7.1 of the
Plan) solely for purposes of the Program. Stock Units shall be used solely as a device for the
determination of the number of shares of Common Stock to eventually be delivered to a Non-Employee
Director if Stock Units held by such Non-Employee Director vest pursuant to Section 6 or Section 8.
Stock Units shall not be treated as property or as a trust fund of any kind. Stock Units granted
to a Non-Employee Director pursuant to the Program shall be credited to an unfunded bookkeeping
account maintained by the Corporation on behalf of the Non-Employee Director (a “Program Account”).

4. Annual Stock Unit Awards.

4.1 Annual Awards. On each January 1 during the term of the Plan commencing on January 1,
2006, each Non-Employee Director then in office shall be granted automatically (without any
action by the Board or the Administrator) a Stock Unit Award with respect to a number
(rounded down to the nearest whole number) of Stock Units

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equal to (i) $100,000, divided by (ii) the Fair Market Value of a share of Common Stock on
the applicable January 1 (subject to adjustment as provided in Section 7.1 of the Plan). An
individual who was previously a member of the Board, who then ceased to be a member of the
Board for any reason, and who then again becomes a Non-Employee Director shall thereupon
again become eligible to be granted Stock Units under this Section 4.1.

4.2 Initial Award for New Directors. Upon first being appointed or elected to the Board at
any time after January 1, 2006, a Non-Employee Director who has not previously served on the
Board shall be granted automatically (without any action by the Board or the Administrator)
a Stock Unit Award with respect to a number of Stock Units equal to (i) the number of Stock
Units in the Annual Award immediately preceding the date such Non-Employee Director is first
appointed or elected to the Board, divided by (ii) 365, multiplied by (iii) the number of
days from the date such Non-Employee Director is first appointed or elected to the Board to
the immediately following January 1.

4.3 Transfer Restrictions. Stock Units granted pursuant to this Section 4 shall be subject
to the transfer restrictions set forth in Section 5.7 of the Plan. For purposes of clarity,
the Administrator has not approved any transfer exceptions with respect to Stock Units
granted pursuant to the Program in accordance with Section 5.7.2 of the Plan.

5. Dividend and Voting Rights.

5.1 Limitation of Rights Associated with Stock Units. A Non-Employee Director shall have no
rights as a stockholder of the Corporation, no dividend rights (except as expressly provided
in Section 5.2 with respect to dividend equivalent rights) and no voting rights, with
respect to Stock Units granted pursuant to the Program and any shares of Common Stock
underlying or issuable in respect of such Stock Units until such shares of Common Stock are
actually issued to and held of record by the Non-Employee Director. No adjustments will be
made for dividends or other rights of a holder for which the record date is prior to the
date of issuance of the stock certificate.

5.2 Dividend Equivalent Rights. As of any date that the Corporation pays a dividend (other
than in shares of Common Stock) upon issued and outstanding Common Stock, or makes a
distribution (other than in shares of Common Stock) with respect thereto, a Non-Employee
Director’s Program Account shall be credited with an additional number (rounded down to the
nearest whole number) of Stock Units equal to (i) the “fair value” of any dividend (or other
distribution) with respect to one share of Common Stock, multiplied by (ii) the number of
unvested Stock Units credited to the Non-Employee Director’s Program Account immediately
prior to such dividend or distribution, divided by (iii) the Fair Market Value of a share of
Common Stock on the date of payment of such dividend or distribution. In the case of a cash
dividend or distribution, the “fair value” thereof shall be the amount of such cash, and, in
the case of any other dividend or distribution (other than in shares of Common Stock), the
“fair value” thereof shall be such amount as shall be determined in good faith by the
Administrator. Stock Units credited pursuant to the foregoing provisions of this Section
5.2 shall be subject to the same vesting, payment and other terms, conditions and
restrictions as the original Stock

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Units to which they relate. No adjustment shall be made pursuant to Section 7.1 of the Plan
as to Stock Units granted pursuant to the Program in connection with any dividend (other
than in shares of Common Stock) or distribution (other than in shares of Common Stock) for
which dividend equivalents are credited pursuant to the foregoing provisions of this Section
5.2. Stock Units granted pursuant to the Program shall otherwise be subject to adjustment
pursuant to Section 7.1 of the Plan (for example, and without limitation, in connection with
a split or reverse split of the outstanding Common Stock).

6. Vesting. Subject to Section 8 hereof and Section 7 of the Plan, a Stock Unit Award
granted to a Non-Employee Director pursuant to the Program (whether pursuant to Section 4 or
Section 5.2) shall vest and become payable as to 100% of the total number of Stock Units subject
thereto on the third anniversary of the date of grant of the Stock Unit Award.

7. Continuation of Services. The vesting schedule requires continued service through each
applicable vesting date as a condition to the vesting of the applicable installment of a Stock Unit
Award and the rights and benefits under the Program. Partial service, even if substantial, during
any vesting period will not entitle a Non-Employee Director to any proportionate vesting or avoid
or mitigate a termination of rights and benefits upon or following a termination of services as
provided in Section 8 below. Nothing contained in the Program constitutes a continued service
commitment by the Corporation, confers upon a Non-Employee Director any right to remain in service
to the Corporation, interferes with the right of the Corporation at any time to terminate such
service, or affects the right of the Corporation to increase or decrease a Non-Employee Director’s
other compensation.

8. Termination of Directorship. Subject to earlier termination pursuant to Section 7 of
the Plan, if a Non-Employee Director ceases to be a member of the Board for any reason, the
following rules shall apply with respect to any Stock Units granted to the Non-Employee Director
pursuant to Section 4 above (the last day that the Non-Employee Director is a member of the Board
is, except as otherwise provided below, referred to as the Non-Employee Director’s “Severance
Date”):

	 	•	 	other than as expressly provided below in this Section 8, (a) one-third (1/3) of the
number of Stock Units granted to the Non-Employee Director pursuant to the Program
within the period commencing twenty-four (24) months prior to, and ending twelve (12)
months prior to, the Non-Employee Director’s Severance Date shall immediately vest and
become payable; (b) two-thirds (2/3) of the number of Stock Units granted to the
Non-Employee Director pursuant to the Program within the period commencing thirty-six
(36) months prior to, and ending twenty-four (24) months prior to, the Non-Employee
Director’s Severance Date shall immediately vest and become payable; and (c) all Stock
Units granted to a Non-Employee Director pursuant to the Program that have not vested
as of, or do not vest upon, the Non-Employee Director’s Severance Date, shall
immediately terminate without payment therefor;
	 
	 	•	 	if the Non-Employee Director ceases to be a member of the Board due to his or her
death, Disability (as defined below) or Retirement (as defined below), all
Stock Units granted to the Non-Employee Director pursuant to the Program shall
immediately vest and become payable;

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	 	•	 	if the Non-Employee Director ceases to be a member of the Board due to his or her
Removal, all then-unvested Stock Units granted to the Non-Employee Director pursuant to
the Program shall immediately terminate without payment therefor.

     For purposes of this Section 8, the term “Disability” shall mean a period of disability during
which a Non-Employee Director qualified for permanent disability benefits under the Corporation’s
long-term disability plan, or, if the Non-Employee Director does not participate in such a plan, a
period of disability during which the Non-Employee Director would have qualified for permanent
disability benefits under such a plan had the Non-Employee Director been a participant in such a
plan, as determined in the sole discretion of the Administrator. If the Corporation does not
sponsor such a plan, or discontinues to sponsor such a plan, Disability shall be determined by the
Administrator in its sole discretion. For purposes of this Section 8, the term “Retirement” shall
mean the cessation of a director’s services as a member of the Board due to his or her voluntary
resignation at any time after such director has served as a member of the Board for at least
forty-eight (48) months and has attained at least age 55. For purposes of this Section 8, the term
“Removal” shall mean the removal of a Non-Employee Director from the Board, with or without cause,
in accordance with the Corporation’s Certificate of Incorporation, Bylaws or the Delaware General
Corporation Law.

     Notwithstanding any other provision of this Section 8, if a Non-Employee Director ceases to be
a member of the Board (regardless of the reason) but, immediately thereafter, is employed by the
Corporation or one of its Subsidiaries, such director’s Severance Date shall not be the date the
director ceases to be a member of the Board but instead shall be the last day that the director is
either or both (1) a member of the Board and/or (2) employed by the Corporation or a Subsidiary.

9. Timing and Manner of Payment of Stock Units. Except as provided in Section 10 below, on
or within fifteen (15) business days following the vesting of any Stock Units granted to a
Non-Employee Director pursuant to the Program (whether pursuant to Section 6 or Section 8 hereof or
Section 7 of the Plan), the Corporation shall deliver to the Non-Employee Director a number of
shares of Common Stock (either by delivering one or more certificates for such shares or by
entering such shares in book entry form, as determined by the Corporation in its sole discretion)
equal to the number of Stock Units that vest on the applicable vesting date, subject to adjustment
as provided in Section 7 of the Plan; provided, however, that, to the extent permitted by the
Corporation’s Amended and Restated Deferred Compensation Plan, as it may be amended from time to
time (the “Deferred Compensation Plan”), a Non-Employee Director may elect to defer receipt of any
or all shares of Common Stock payable with respect to Stock Units that vest pursuant to the
Program. Such elections shall be made, and any such deferral shall be effected and administered,
in accordance with the Deferred Compensation Plan. The Corporation’s obligation to deliver shares
of Common Stock with respect to vested Stock Units is subject to the condition precedent that the
Non-Employee Director (or other person entitled under the Plan to receive any shares with respect
to the vested Stock Units) deliver to the Corporation any representations or other documents or
assurances required pursuant to Section 8.1 of the Plan. A

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Non-Employee Director shall have no further rights with respect to any Stock Units that are paid or
that are terminated pursuant to Section 8 hereof or Section 7 of the Plan, and such Stock Units
shall be removed from the Non-Employee Director’s Program Account upon the date of such payment or
termination.

10. Change in Control Events. A Stock Unit Award may vest and become payable in connection
with the occurrence of certain events involving the Corporation as provided for in Section 7 of the
Plan; provided, however, that, notwithstanding anything to the contrary in the Program or the Plan,
if the event giving rise to such accelerated vesting is not also a “change in the ownership or
effective control” of the Corporation for purposes of Section 409A of the Code, then payment with
respect to such vested Stock Unit Award shall not be made until such Stock Unit Award would have
become vested and payable without regard to this Section 10 or Section 7 of the Plan.

11. Plan Provisions; Maximum Number of Shares; Amendment; Administration. Stock Units
granted under the Program shall otherwise be subject to the terms of the Plan (including, without
limitation, the provisions of Section 7 of the Plan). If Stock Unit Awards otherwise required
pursuant to the Program would otherwise exceed any applicable share limit under Section 4.2 of the
Plan, such grants shall be made pro-rata to Non-Employee Directors entitled to such grants. The
Board may from time to time amend the Program without stockholder approval; provided that no such
amendment shall materially and adversely affect the rights of a Non-Employee Director as to a Stock
Unit Award granted under the Program before the adoption of such amendment. The Board may amend,
modify, suspend or terminate outstanding Stock Unit Awards; provided, however, that outstanding
Stock Unit Awards shall not be amended, modified, suspended or terminated so as to impair any
rights of the recipient of the award without the consent of such recipient. If any such amendment
or modification to an outstanding Stock Unit Award has the result of accelerating the vesting of
such award, then any election that had been made to defer receipt of payment with respect to any or
all of the Stock Units subject to the award pursuant to the Deferred Compensation Plan shall be
disregarded. The Program does not limit the Board’s authority to make other, discretionary award
grants to Non-Employee Directors pursuant to the Plan. The Plan Administrator’s power and
authority to construe and interpret the Plan and awards thereunder pursuant to Section 3.1 of the
Plan shall extend to the Program and awards granted hereunder. As provided in Section 3.2 of the
Plan, any action taken by, or inaction of, the Administrator relating or pursuant to the Program
and within its authority or under applicable law shall be within the absolute discretion of that
entity or body and shall be conclusive and binding upon all persons.

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