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Exhibit 10(d)(d)    
    

         

  

 
 

HEWLETT-PACKARD COMPANY
  <PLAN>
  RESTRICTED STOCK AGREEMENT    
    

        THIS AGREEMENT, dated <GRANT DATE> between Hewlett-Packard Company, a Delaware Corporation ("Company"),
and <EMPNO> <NAME> (the "Employee"), is entered into as follows: 

        WHEREAS,
the continued participation of the Employee is considered by the Company to be important for the Company's continued growth; and 

        WHEREAS,
in order to give the Employee an incentive to continue in the employ of the Company and to participate in the affairs of the Company, the HR and Compensation Committee of the
Board of Directors of the Company or its delegates ("Committee") has determined that the Employee shall be granted shares of the Company's $0.01 par value Common Stock ("Stock") subject to the
restrictions stated below and in accordance with the terms and conditions of the <PLAN> ("Plan"), a copy of which can be found on the Stock
Incentive Program Web Site at: http://hrcms01.atl.hp.com:6047/public/pages/home/en    US/index.htm or by written
or telephonic request to the Company Secretary. 

        THEREFORE,
the parties agree as follows: 

	1.
	Grant
of Stock. 

Subject
to the terms and conditions of this Agreement and of the Plan, the Company hereby grants to the Employee <SHARES> shares of Stock. 

	2.
	Vesting
Schedule. 

The
interest of the Employee in the Stock shall vest as follows: <INSERT VESTING PROVISION HERE>. Provided the Employee remains in the employ of the Company on a continuous,
full-time basis through the close of business on the <INSERT FULL VESTING DATE HERE>, the interest of the Employee in the Stock
shall become fully vested on that date. 

	3.
	Restrictions.

	(a)
	The
Stock or rights granted hereunder may not be sold, pledged or otherwise transferred until the Stock becomes vested in accordance with Section 2. The period of time between
the date hereof and the date the Stock becomes fully vested is referred to herein as the "Restriction Period."

	(b)
	Except
as otherwise provided for in this Agreement, if the Employee's employment with the Company is terminated at any time for any reason prior to the lapse of the Restriction
Period, all Stock granted hereunder shall be forfeited by the Employee, and ownership transferred back to the Company.

	4.
	Legend. 

All
certificates representing any Stock of the Company subject to the provisions of this Agreement shall have endorsed thereon the following legend: 

"The
shares represented by this certificate are subject to an agreement between the Corporation and the registered holder, a copy of which is on file at the principal office of this Corporation." 

	5.
	Escrow.

The
Stock subject hereto shall be held in escrow in a restricted book entry account with the Company's transfer agent in the name of the Employee. Upon termination of the Restriction Period, the Stock
shall be released into an unrestricted book entry account with the Company's 

transfer
agent; provided, however, that a portion of such Stock shall be surrendered in payment of required withholding taxes in accordance with Section 9 below, unless the Company, in its sole
discretion, establishes alternative procedures for the payment of required withholding taxes. 

	6.
	The
Employee's Stockholder Rights. 

During
the Restriction Period, the Employee shall have all the rights of a stockholder with respect to the Stock except for the right to transfer the Stock, as set forth in Section 3.
Accordingly, the Employee shall have the right to vote the Stock and to receive any cash dividends paid to or made with respect to the Stock. 

	7.
	Disability
or Retirement of the Employee. 

If
the Employee's termination of employment is due to the Employee's total and permanent disability or retirement after attaining 55 years of age with 15 years of service to the Company
or 65 years of age or age under local law without regard to service, in accordance with the Company's retirement policy, all outstanding and unvested Stock shall continue to vest in accordance
with Section 2, provided that the following conditions are met for the entire Restriction Period: 

	(a)
	The
Employee shall render, as an independent contractor and not as an employee, such advisory or consultative services to the Company as shall reasonably be requested by the Company,
consistent with the Employee's health and any other employment or other activities in which such Employee may be engaged;

	(b)
	The
Employee shall not render services for any organization or engage directly or indirectly in any business which, in the opinion of the Company, competes with or is in conflict with
the interests of the Company;

	(c)
	The
Employee shall not, without prior written authorization from the Company, disclose to anyone outside the Company, or use in other than the Company's business, any confidential
information or material relating to the business of the Company, either during or after employment with the Company; and

	(d)
	The
Employee shall disclose promptly and assign to the Company all right, title and interest in any invention or idea, patentable or not, made or conceived by the Employee during
employment by the Company, relating in any manner to the actual or anticipated business, anything reasonably necessary to enable the Company to secure a patent where appropriate in the United States
and in foreign countries. 

	8.
	Death
of the Employee. 

In
the event of the Employee's death prior to the end of the Restriction Period, the Employee's estate or designated beneficiary shall have the right to receive a pro rata number of shares of Stock
determined by the Company in its discretion. In the event of the Employee's death after the vesting date but prior to the payment of shares of Stock, said Stock shall be paid to the Employee's estate
or designated beneficiary. 

	9.
	Taxes.

	(a)
	The
Employee shall be liable for any and all taxes, including withholding taxes, arising out of this grant or the vesting of Stock hereunder. In the event that the Company or the
Employer is required to withhold taxes as a result of the grant or vesting or subsequent sale of Stock hereunder, the Employee shall surrender a sufficient number of whole shares of Stock or make a
cash payment at the election of the Company, in its sole discretion, as necessary to cover all applicable required withholding taxes and required social security contributions at the time the
restrictions on the Stock lapse, unless the Company, in its sole discretion, has established alternative procedures for such payment. The Employee will receive a cash refund for any fraction of a
surrendered share or shares of Stock not necessary for required withholding taxes and required social insurance contributions. To the extent that any surrender of Stock or cash payment or alternative
procedure for such payment is insufficient, the Employee authorizes the Company, its Affiliates and Subsidiaries, which are qualified to deduct tax at source, to deduct all applicable required
withholding taxes and social security 

contributions
from the Employee's compensation. The Employee agrees to pay any amounts that cannot be satisfied from wages or other cash compensation, to the extent permitted by law. 

	(b)
	Regardless
of any action the Company or the Employee's employer (the "Employer") takes with respect to any or all income tax, social insurance, payroll tax, payment on account or
other tax-related withholding ("Tax-Related Items"), the Employee acknowledges and agrees that the ultimate liability for all Tax-Related Items legally due by him
is and remains the Employee's responsibility and that the Company and or the Employer (i) make no representations nor undertakings regarding the treatment of any Tax-Related Items
in connection with any aspect of this grant of Stock, including the grant, vesting or release, the subsequent sale of Stock and receipt of any dividends; and (ii) do not commit to structure
the terms or any aspect of this grant of Stock to reduce or eliminate the Employee's liability for Tax-Related Items. The Employee shall pay the Company or the Employer any amount of
Tax-Related Items that the Company or the Employer may be required to withhold as a result of the Employee's participation in the Plan or the Employee's receipt of Stock that cannot be
satisfied by the means previously described. The Company may refuse to deliver the Stock if the Employee fails to comply with the Employee's obligations in connection with the Tax-Related
Items. 

	10.
	Data
Privacy Consent. 

The
Employee hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of the Employee's personal data as described in this document by and among,
as applicable, the Employer, and the Company and its Subsidiaries and Affiliates for the exclusive purpose of implementing, administering and managing the Employee's participation in the Plan. The
Employee understands that the Company, its Affiliates, its Subsidiaries and the Employer hold certain personal information about the Employee, including, but not limited to, name, home address and
telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of stock or directorships held in the Company, details of all
options or any other entitlement to shares of stock awarded, canceled, purchased, exercised, vested, unvested or
outstanding in the Employee's favor for the purpose of implementing, managing and administering the Plan ("Data"). The Employee understands that the Data may be transferred to any third parties
assisting in the implementation, administration and management of the Plan, that these recipients may be located in the Employee's country or elsewhere and that the recipient country may have
different data privacy laws and protections than the Employee's country. The Employee understands that he may request a list with the names and addresses of any potential recipients of the Data by
contacting the local human resources representative. The Employee authorizes the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of
implementing, administering and managing the Employee's participation in the Plan, including any requisite transfer of such Data, as may be required to a broker or other third party with whom the
Employee may elect to deposit any shares of stock acquired under the Plan. The Employee understands that Data will be held only as long as is necessary to implement, administer and manage
participation in the Plan. The Employee understands that he may, at any time, view Data, request additional information about the storage and processing of the Data, require any necessary amendments
to the Data or refuse or withdraw the consents herein, in any case without cost, by contacting the local human resources representative in writing. The Employee understands that refusing or
withdrawing consent may affect the Employee's ability to participate in the Plan. For more information on the consequences of refusing to consent or withdrawing consent, the Employee understands that
he may contact an HP local human resources representative. 

	11.
	Plan
Information. 

The
Employee agrees to receive copies of the Plan, the Plan prospectus and other Plan information, including information prepared to comply with laws outside the United States, from the Stock
Incentive Program Web Site referenced above and stockholder information, including copies of any annual report, proxy and Form 10-K, from the investor relations section of the HP 

web
site at www.hp.com. The Employee acknowledges that copies of the Plan, Plan prospectus, Plan information and stockholder information are available upon written or
telephonic request to the Company Secretary. 

	12.
	Acknowledgment
and Waiver. 

By
accepting this grant of Stock, the Employee acknowledges and agrees that: (i) the Plan is established voluntarily by the Company, it is discretionary in nature and may be modified, amended,
suspended or terminated by the Company at any time unless otherwise provided in the Plan or this Agreement; (ii) the grant of Stock is voluntary and occasional and does not create any
contractual or other right to receive future grants of Stock, or benefits in lieu of Stock, even if Stock has been granted repeatedly in the past; (iii) all decisions with respect to future
grants, if any, will be at the sole discretion of the
Company; (iv) the Employee's participation in the Plan shall not create a right to further employment with Employer and shall not interfere with the ability of Employer to terminate the
Employee's employment relationship at any time with or without cause and it is expressly agreed and understood that employment is terminable at the will of either party, insofar as permitted by law;
(v) the Employee is participating voluntarily in the Plan; (vi) Stock and Stock grants are an extraordinary item that does not constitute compensation of any kind for services of any
kind rendered to the Company or the Employer, and is outside the scope of the Employee's employment contract, if any; (vii) Stock and Stock grants are not part of normal or expected
compensation or salary for any purposes, including, but not limited to calculating any severance, resignation, termination, redundancy, end of service payments, bonuses, long-service
awards, pension or retirement benefits or similar payments insofar as permitted by law; (viii) in the event that the Employee is not an employee of the Company, this grant of Stock will not be
interpreted to form an employment contract or relationship with the Company, and furthermore, this grant of Stock will not be interpreted to form an employment contract with the Employer or any
Subsidiary or Affiliate of the Company; (ix) the future value of the underlying Stock is unknown and cannot be predicted with certainty; (x) in consideration of this grant of Stock, no
claim or entitlement to compensation or damages shall arise from termination of this grant of Stock or diminution in value of this grant of Stock resulting from termination of the Employee's
employment by the Company or the Employer (for any reason whatsoever and whether or not in breach of local labor laws) and the Employee irrevocably releases the Company and the Employer from any such
claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, then, by accepting the terms of this Agreement, the Employee shall
be deemed irrevocably to have waived any entitlement to pursue such claim; and (xi) notwithstanding any terms or conditions of the Plan to the contrary, in the event of involuntary termination
of the Employee's employment (whether or not in breach of local labor laws), the Employee's right to receive Stock and vest in Stock under the Plan, if any, will terminate effective as of the date
that the Employee is no longer actively employed and will not be extended by any notice period mandated under local law (e.g., active employment would not include a period of "garden leave" or similar
period pursuant to local law); furthermore, in the event of involuntary termination of employment (whether or not in breach of local labor laws), the Employee's right to vest in this Stock after
termination of employment, if any, will be measured by the date of termination of the Employee's active employment and will not be extended by any notice period mandated under local law; the Committee
shall have the exclusive discretion to determine when the Employee is no longer actively employed for purposes of this Stock grant. 

	13.
	Miscellaneous.

	(a)
	The
Company shall not be required (i) to transfer on its books any shares of Stock of the Company which shall have been sold or transferred in violation of any of the
provisions set forth in this agreement, or (ii) to treat as owner of such Stock or to accord the right to vote as such owner or to pay dividends to any transferee to whom such Stock shall have
been so transferred.

	(b)
	The
parties agree to execute such further instruments and to take such action as may reasonably be necessary to carry out the intent of this Agreement. 

	(c)
	Any
notice required or permitted hereunder shall be given in writing and shall be deemed effectively given upon delivery to the Employee at his address then on file with the Company.

	(d)
	The
Plan is incorporated herein by reference. The Plan and this Agreement constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in
their entirety all prior undertakings and agreements of the Company and the Employee with respect to the subject matter hereof, and may not be modified adversely to the Employee's interest except by
means of a writing signed by the Company and the Employee. This Agreement is governed by the laws of the state of Delaware.

	(e)
	If
the Employee has received this or any other document related to the Plan translated into a language other than English and if the translated version is different than the English
version, the English version will control.

	(f)
	The
provisions of this Agreement are severable and if any one or more provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions
shall nevertheless be binding and enforceable. 

	 	HEWLETT-PACKARD COMPANY
	

 	
By	

    
 Mark V. Hurd

CEO and President
	

 	
By	

    
 Ann O. Baskins

Senior Vice President, General Counsel and Secretary

RETAIN THIS AGREEMENT FOR YOUR RECORDS  

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Exhibit 10(d)(d)

HEWLETT-PACKARD COMPANY <PLAN> RESTRICTED STOCK AGREEMENTExhibit 10.3

 

RHINO RESOURCE PARTNERS, L.P.

LONG-TERM INCENTIVE PLAN

 

SECTION 1.                                Purpose of the Plan.

 

The Rhino Resource Partners, L.P. Long-Term Incentive Plan (the “Plan”)
has been adopted by Rhino GP LLC, a Delaware limited liability company (the “Company”),
the general partner of Rhino Resource Partners, L.P., a Delaware limited
partnership (the “Partnership”). The Plan is intended to promote the interests
of the Partnership and the Company by providing to Employees, Consultants and
Directors incentive compensation awards based on Units to encourage superior
performance. The Plan is also contemplated to enhance the ability of the
Company and its Affiliates to attract and retain the services of individuals
who are essential for the growth and profitability of the Company, the
Partnership and their Affiliates and to encourage them to devote their best
efforts to advancing the business of the Company, the Partnership and their
Affiliates.

 

SECTION 2.                                Definitions.

 

As used in the Plan, the following terms shall have the meanings set
forth below:

 

“Affiliate” means, with respect to any Person, any other Person that
directly or indirectly through one or more intermediaries controls, is
controlled by or is under common control with, the Person in question. As used
herein, the term “control” means the possession, direct or indirect, of the
power to direct or cause the direction of the management and policies of a
Person, whether through ownership of voting securities, by contract or
otherwise.

 

“Award” means an Option, Unit Appreciation Right, Restricted Unit,
Phantom Unit, or Substitute Award granted under the Plan, and includes any
tandem DERs granted with respect to a Phantom Unit.

 

“Award Agreement” means the written or electronic agreement by which an
Award shall be evidenced.

 

“Board” means the Board of Directors of the Company.

 

“Change of Control” means, and shall be
deemed to have occurred upon one or more of the following events:

 

(i)                                     any “person” or “group” within the meaning of those
terms as used in Sections 13(d) and 14(d)(2) of the Exchange Act,
other than the Wexford Group or the Company or an Affiliate of the Company,
shall become the beneficial owner, by way of merger, consolidation,
recapitalization, reorganization or otherwise, of 50% or more of the voting
power of the voting securities of the Company or the Partnership;

 

(ii)                                  the equity owners of the Company or the limited
partners of the Partnership approve, in one or a series of transactions, a
plan of complete liquidation of the Company or the Partnership;

 

 

(iii)                               the sale or other disposition by the Company or the
Partnership of all or substantially all of its assets in one or more
transactions to any Person other than a legal entity wholly owned by the
Company, the Partnership or an Affiliate of either; or

 

(iv)                              the Company or an Affiliate of the Company ceases to
be the general partner of the Partnership.

 

Notwithstanding the foregoing, with respect
to an Award that is subject to Section 409A of the Internal Revenue Code
of 1986, as amended, “Change of Control” shall mean a “change of control event”
as defined in the regulations and guidance issued under Section 409A.

 

“Committee” means the Board, the Compensation Committee of the Board or
such other committee as may be appointed by the Board to administer the
Plan.

 

“Consultant” means an individual who renders consulting services to the
Company, the Partnership or an Affiliate of either, other than a member of the Wexford Group.

 

“DER” means a contingent right, granted in tandem with a specific
Phantom Unit, to receive with respect to each Unit subject to the Award an
amount in cash equal to the cash distributions made by the Partnership with
respect to a Unit during the period such Award is outstanding.

 

“Director” means a member of the Board who is not an Employee or a
Consultant (other than in that individual’s capacity as a Director).

 

“Employee” means an employee of the Company, the Partnership or an
Affiliate of either, other than a
member of the Wexford Group.

 

“Exchange Act” means the Securities Exchange Act of 1934, as amended.

 

“Fair Market Value” means the closing sales price of a Unit on the
principal national securities exchange or other market in which trading in
Units occurs on the applicable date (or, if there is no trading in the Units on
such date, on the next preceding date on which there was trading) as reported
in The Wall Street Journal (or
other reporting service approved by the Committee). If Units are not traded on
a national securities exchange or other market at the time a determination of
fair market value is required to be made hereunder, the determination of fair
market value shall be made in good faith by the Committee.

 

“Option” means an option to purchase Units granted under the Plan.

 

“Participant” means an Employee, Consultant or Director granted an
Award under the Plan.

 

“Partnership Agreement” means the Agreement of Limited Partnership of the Partnership, as it may be
amended or amended and restated from time to time.

 

2

 

“Person” means an individual or a corporation, limited liability
company, partnership, joint venture, trust, unincorporated organization,
association, governmental agency or political subdivision thereof or other
entity.

 

“Phantom Unit” means a notional unit granted under the Plan that upon
vesting entitles the Participant to receive a Unit or an amount of cash equal
to the Fair Market Value of a Unit, as determined by the Committee in its
discretion.

 

“Restricted Period” means the period established by the Committee with
respect to an Award during which the Award remains subject to forfeiture and is
either not exercisable by or payable to the Participant, as the case may be.

 

“Restricted Unit” means a Unit granted under the Plan that is subject to
a Restricted Period.

 

“Rule 16b-3” means Rule 16b-3 promulgated by the SEC under
the Exchange Act or any successor rule or regulation thereto as in effect
from time to time.

 

“SEC” means the Securities and Exchange Commission, or any successor
thereto.

 

“Substitute Award” means an award granted pursuant to Section 6(c)(viii) of
the Plan.

 

“UDR” means a distribution made by the Partnership with respect to a
Restricted Unit.

 

“Unit” means a Common Unit of the Partnership.

 

“Unit Appreciation Right” or UAR” means a contingent right that
entitles the holder to receive the excess of the Fair Market Value of a Unit on
the exercise date of the UAR over the exercise price of the UAR.

 

“Wexford Group” means Wexford Capital LLC and
its Affiliates.

 

SECTION 3.                                Administration.

 

The Plan shall be administered by the Committee. A majority of the
Committee shall constitute a quorum, and the acts of the members of the
Committee who are present at any meeting thereof at which a quorum is present,
or acts unanimously approved by the members of the Committee in writing, shall
be the acts of the Committee. Subject to the terms of the Plan and applicable
law, and in addition to other express powers and authorizations conferred on
the Committee by the Plan, the Committee shall have full power and authority
to: (i) designate Participants; (ii) determine the type or types of
Awards to be granted to a Participant; (iii) determine the number of Units
to be covered by Awards; (iv) determine the terms and conditions of any
Award; (v) determine whether, to what extent, and under what circumstances
Awards may be settled, exercised, canceled, or forfeited; (vi) interpret
and administer the Plan and any instrument or agreement relating to an Award
made under the Plan; (vii) establish, amend, suspend, or waive such rules and
regulations and appoint such agents as it shall deem appropriate for the proper
administration of the Plan; and (viii) make any other determination and
take any other action that the Committee deems necessary or desirable for the
administration of the Plan.

 

3

 

The Committee may correct any defect or
supply any omission or reconcile any inconsistency in the Plan or an Award
Agreement in such manner and to such extent as the Committee deems necessary or
appropriate. Unless otherwise expressly provided in the Plan, all designations,
determinations, interpretations, and other decisions under or with respect to
the Plan or any Award shall be within the sole discretion of the Committee, may be
made at any time and shall be final, conclusive, and binding upon all Persons,
including the Company, the General Partner, the Partnership, any Affiliate, any
Participant, and any beneficiary of any Award.

 

SECTION 4.                                Units.

 

(a)                                  Limits
on Units Deliverable. Subject to adjustment as provided in Section 4(c),
the number of Units that may be delivered with respect to Awards under the
Plan is 10% of the outstanding Units on the effective date of the initial
public offering of the Units. Units withheld from an Award to satisfy the
Company’s or an Affiliate’s tax withholding obligations with respect to the
Award or payment of the exercise price of an Award shall not be considered to
be Units delivered under the Plan for this purpose. If any Award is forfeited,
cancelled, exercised, paid, or otherwise terminates or expires without the
actual delivery of Units pursuant to such Award, the Units subject to such
Award shall again be available for Awards under the Plan. There shall not be
any limitation on the number of Awards that may be paid in cash.

 

(b)                                 Sources
of Units Deliverable Under Awards. Any Units delivered pursuant to an Award
shall consist, in whole or in part, of Units acquired in the open market, from
any Affiliate, the Partnership or any other Person, or any combination of the
foregoing, as determined by the Committee in its discretion.

 

(c)                                  Adjustments.
In the event of any distribution (whether in the form of Units, other
securities or property other than cash), recapitalization, split, reverse
split, reorganization, merger, consolidation, split-up, spin-off, combination,
repurchase, or exchange of Units or other securities of the Partnership,
issuance of warrants or other rights to purchase Units or other securities of
the Partnership, or other similar transaction or event, the Committee shall, in
such manner as it may deem equitable, adjust the number and type of Units
(or other securities or property) with respect to which Awards may be
granted  (solely for the purpose of
equating, to the extent reasonably possible, the Units subject to awards with
those otherwise outstanding).

 

SECTION 5.                                Eligibility.

 

Any Employee, Consultant or Director shall be eligible to be designated
a Participant by the Committee and receive an Award under the Plan.

 

SECTION 6.                                Awards.

 

(a)                                  Options
and UARs. The Committee shall have the authority to determine the
Employees, Consultants and Directors to whom Options and UARs shall be granted,
the number of Units to be covered by each Option or UAR, the exercise price therefor,
the Restricted Period and other conditions and limitations applicable to the
exercise of the Option or UAR, including the following terms and conditions and
such additional terms and conditions, as the Committee shall determine, that
are not inconsistent with the provisions of the Plan.

 

4

 

(i)                                     Exercise
Price. The exercise price per Unit purchasable under an Option or subject
to a UAR shall be determined by the Committee at the time the Option or UAR is
granted but, except with respect to a Substitute Award, may not be less
than the Fair Market Value of a Unit as of the date of grant of the Option or
UAR.

 

(ii)                                  Time
and Method of Exercise. The Committee shall determine the exercise terms
and the Restricted Period with respect to an Option or UAR grant, which may include,
without limitation, a provision for accelerated vesting upon the achievement of
specified performance goals or other events, and the method or methods by which
payment of the exercise price with respect to an Option may be made or
deemed to have been made, which may include, without limitation, cash,
check acceptable to the Company, withholding Units from the Award, a “cashless-broker”
exercise through procedures approved by the Company, or any combination of the
above methods, having a Fair Market Value on the exercise date equal to the
relevant exercise price.

 

(iii)                               Forfeitures.
Except as otherwise provided in the terms of the Option or UAR grant, upon
termination of a Participant’s employment with or consulting services to the
Company and its Affiliates or membership on the Board, whichever is applicable,
for any reason during the applicable Restricted Period, all unvested Options
and UARs shall be forfeited by the Participant. The Committee may, in its
discretion, waive in whole or in part such forfeiture with respect to a
Participant’s Options or UARs.

 

(b)                                 Restricted
Units and Phantom Units. The Committee shall have the authority to
determine the Employees, Consultants and Directors to whom Restricted Units and
Phantom Units shall be granted, the number of Restricted Units or Phantom Units
to be granted to each such Participant, the Restricted Period, the conditions
under which the Restricted Units or Phantom Units may become vested or
forfeited and such other terms and conditions as the Committee may establish
with respect to such Awards.

 

(i)                                     DERs.
To the extent provided by the Committee, in its discretion, a grant of Phantom
Units may include a tandem DER grant, which may provide that such
DERs shall be paid directly to the Participant, be credited to a bookkeeping
account (with or without interest in the discretion of the Committee) and be
subject to the same vesting restrictions as the tandem Phantom Unit Award, or
be subject to such other provisions or restrictions as determined by the
Committee in its discretion. Absent a contrary provision in the grant
agreement, DERs shall be paid promptly to the Participant without vesting
restrictions.

 

(ii)                                  UDRs. To the extent provided by the Committee,
in its discretion, a grant of Restricted Units may provide that the
distributions made by the Partnership with respect to the Restricted Units
shall be subject to the same forfeiture and other restrictions as the
Restricted Unit and, if restricted, such distributions shall be held, without
interest, until the Restricted Unit vests or is forfeited with the UDR being
paid or forfeited at the same time, as the case may be. Absent such a
restriction on the UDRs in the grant agreement, UDRs shall be paid promptly to
the holder of the Restricted Unit without vesting restrictions.

 

5

 

(iii)                               Forfeitures.
Except as otherwise provided in the terms of the Restricted Units or Phantom
Units grant agreement, upon termination of a Participant’s employment with or
consulting services to the Company and its Affiliates or membership on the
Board, whichever is applicable, for any reason during the applicable Restricted
Period, all outstanding, unvested Restricted Units and Phantom Units awarded
the Participant shall be automatically forfeited on such termination. The
Committee may, in its discretion, waive in whole or in part such
forfeiture with respect to a Participant’s Restricted Units and/or Phantom
Units.

 

(iv)                              Lapse
of Restrictions.

 

(A)                              Phantom Units. Upon or as soon as reasonably
practical following the vesting of each Phantom Unit, subject to the provisions
of Section 8(b), the Participant shall be entitled to receive from the
Company one Unit or cash equal to the Fair Market Value of a Unit, as
determined by the Committee in its discretion.

 

(B)                                Restricted Units. Upon or as soon as reasonably
practical following the vesting of each Restricted Unit, subject to satisfying
the tax withholding obligations of Section 8(b), the Participant shall be
entitled to have the restrictions removed from his or her Unit certificate so
that the Participant then holds an unrestricted Unit.

 

(c)                                  Substitute Awards. Awards may be granted
under the Plan in substitution for similar awards held by individuals who
become Employees, Consultants or Directors as a result of a merger,
consolidation or acquisition by the Company or an Affiliate of another entity
or the assets of another entity. Such Substitute Awards that are Options or
UARs may have exercise prices less than the Fair Market Value of a Unit on
the date of such substitution.

 

(d)                                 General.

 

(i)                                     Awards
May Be Granted Separately or Together. Awards may, in the discretion
of the Committee, be granted either alone or in addition to, in tandem with, or
in substitution for any other Award granted under the Plan or any award granted
under any other plan of the Company or any Affiliate. Awards granted in
addition to or in tandem with other Awards or awards granted under any other
plan of the Company or any Affiliate may be granted either at the same
time as or at a different time from the grant of such other Awards or awards.

 

(ii)                                  Limits
on Transfer of Awards.

 

(A)                              Except
as provided in Paragraph (C) below, each Option shall be exercisable only
by the Participant during the Participant’s lifetime, or by the person to whom
the Participant’s rights shall pass by will or the laws of descent and
distribution.

 

(B)                                Except
as provided in Paragraph (C) below, no Award and no right under any such Award
may be assigned, alienated, pledged, attached, sold or

 

6

 

otherwise transferred or encumbered by a
Participant and any such purported assignment, alienation, pledge, attachment,
sale, transfer or encumbrance shall be void and unenforceable against the
Company, the Partnership or any Affiliate.

 

(C)                                To
the extent specifically provided by the Committee with respect to an Option, an
Option may be transferred by a Participant without consideration to immediate
family members or related family trusts, limited partnerships or similar
entities or on such terms and conditions as the Committee may from time to
time establish.

 

(iii)                               Term
of Awards. The term of each Award shall be for such period as may be
determined by the Committee.

 

(iv)                              Unit
Certificates. All certificates for Units or other securities of the
Partnership delivered under the Plan pursuant to any Award or the exercise
thereof shall be subject to such stop transfer orders and other restrictions as
the Committee may deem advisable under the Plan or the rules, regulations,
and other requirements of the SEC, any stock exchange upon which such Units or
other securities are then listed, and any applicable federal or state laws, and
the Committee may cause a legend or legends to be inscribed on any such
certificates to make appropriate reference to such restrictions.

 

(v)                                 Consideration
for Grants. Awards may be granted for such consideration, including
services, as the Committee shall determine.

 

(vi)                              Delivery
of Units or other Securities and Payment by Participant of Consideration. Notwithstanding
anything in the Plan or any grant agreement to the contrary, delivery of Units
pursuant to the exercise or vesting of an Award may be deferred for any
period during which, in the good faith determination of the Committee, the
Company is not reasonably able to obtain Units to deliver pursuant to such
Award without violating applicable law or the applicable rules or
regulations of any governmental agency or authority or securities exchange. No
Units or other securities shall be delivered pursuant to any Award until
payment in full of any amount required to be paid pursuant to the Plan or the
applicable Award grant agreement (including, without limitation, any exercise
price or tax withholding) is received by the Company.

 

(vii)                           Change of Control. Unless specifically provided
otherwise in the Award agreement, upon a Change of Control all outstanding
Awards shall automatically vest and be payable at their target level or become
exercisable in full, as the case may be.

 

SECTION 7.                                Amendment and
Termination.

 

Except to the extent prohibited by applicable law:

 

(a)                                  Amendments
to the Plan. Except as required by the rules of the principal
securities exchange on which the Units are traded and subject to Section 7(b) below,
the Board or the Committee may amend, alter, suspend, discontinue, or
terminate the Plan in any manner, including increasing the number of Units
available for Awards under the

 

7

 

Plan, without the consent of any partner,
Participant, other holder or beneficiary of an Award, or any other Person.

 

(b)                                 Amendments
to Awards. Subject to Section 7(a), the Committee may waive any
conditions or rights under, amend any terms of, or alter any Award theretofore
granted, provided no change, other than pursuant to Section 7(c), in any
Award shall materially reduce the benefit to a Participant without the consent
of such Participant.

 

(c)                                  Actions
Upon the Occurrence of Certain Events. Upon the occurrence of any event
described in Section 4(c) of the Plan, any Change of Control, any
change in applicable law or regulation affecting the Plan or Awards thereunder,
or any change in accounting principles affecting the financial statements of
the Partnership, the Committee, in its sole discretion, but subject to Section 6(b)(vii),
without the consent of any Participant or holder of the Award, and on such
terms and conditions as it deems appropriate, may take any one or more of
the following actions in order to prevent dilution or enlargement of the
benefits or potential benefits intended to be made available under the Plan or
an outstanding Award:

 

(A)                              provide
for either (i) the termination of any Award in exchange for an amount of
cash, if any, equal to the amount that would have been attained upon the
exercise of such Award or realization of the Participant’s rights (and, for the
avoidance of doubt, if as of the date of the occurrence of such transaction or
event the Committee determines in good faith that no amount would have been
attained upon the exercise of such Award or realization of the Participant’s
rights, then such Award may be terminated by the Company without payment)
or (ii) the replacement of such Award with other rights or property
selected by the Committee in its sole discretion;

 

(B)                                provide
that such Award be assumed by the successor or survivor entity, or a parent or
subsidiary thereof, or be exchanged for similar options, rights or awards
covering the equity of the successor or survivor, or a parent or subsidiary
thereof, with appropriate adjustments as to the number and kind of equity
interests and prices;

 

(C)                                make
adjustments in the number and type of Units (or other securities or property)
subject to outstanding Awards, and in the number and kind of outstanding Awards
or in the terms and conditions of (including the exercise price), and the
vesting and performance criteria included in, outstanding Awards, or both;

 

(D)                               provide
that such Award shall be exercisable or payable, notwithstanding anything to
the contrary in the Plan or the applicable Award Agreement; and

 

(E)                                 provide
that the Award cannot be exercised or become payable after such event, i.e., shall terminate upon such event.

 

8

 

SECTION 8.                                General Provisions.

 

(a)                                  No
Rights to Award. No Person shall have any claim to be granted any Award
under the Plan, and there is no obligation for uniformity of treatment of
Participants. The terms and conditions of Awards need not be the same with
respect to each recipient.

 

(b)                                 Tax
Withholding. Unless other arrangements have been made that are acceptable
to the Company, the Company or any Affiliate is authorized to withhold from any
Award, from any payment due or transfer made under any Award or from any
compensation or other amount owing to a Participant the amount (in cash, Units,
Units that would otherwise be issued pursuant to such Award or other property)
of any applicable taxes payable in respect of the grant of an Award, its
exercise, the lapse of restrictions thereon, or any payment or transfer under
an Award or under the Plan and to take such other action as may be
necessary in the opinion of the Company to satisfy its withholding obligations
for the payment of such taxes.

 

(c)                                  No
Right to Employment or Services. The grant of an Award shall not be
construed as giving a Participant the right to be retained in the employ of the
Company or any Affiliate, continue consulting services or to remain on the
Board, as applicable. Furthermore, the Company or an Affiliate may at any
time dismiss a Participant from employment or consulting free from any
liability or any claim under the Plan, unless otherwise expressly provided in
the Plan, any Award agreement or other agreement.

 

(d)                                 Governing
Law. The validity, construction, and effect of the Plan and any rules and
regulations relating to the Plan shall be determined in accordance with the
laws of the State of Delaware without regard to its conflicts of laws
principles.

 

(e)                                  Severability.
If any provision of the Plan or any Award is or becomes or is deemed to be
invalid, illegal, or unenforceable in any jurisdiction or as to any Person or
Award, or would disqualify the 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 law or, if it cannot be
construed or deemed amended without, in the determination of the Committee,
materially altering the intent of the Plan or the Award, such provision shall
be stricken as to such jurisdiction, Person or Award and the remainder of the
Plan and any such Award shall remain in full force and effect.

 

(f)                                    Other
Laws. The Committee may refuse to issue or transfer any Units or other
consideration under an Award if, in its sole discretion, it determines that the
issuance or transfer of such Units or such other consideration might violate
any applicable law or regulation, the rules of the principal securities
exchange on which the Units are then traded, or entitle the Partnership or an
Affiliate to recover the same under Section 16(b) of the Exchange
Act, and any payment tendered to the Company by a Participant, other holder or
beneficiary in connection with the exercise of such Award shall be promptly
refunded to the relevant Participant, holder or beneficiary.

 

(g)                                 No
Trust or Fund Created. Neither the Plan nor any Award shall create or be
construed to create a trust or separate fund of any kind or a fiduciary
relationship between the Company or any participating Affiliate and a
Participant or any other Person. To the extent that

 

9

 

any Person acquires a right to receive
payments from the Company or any participating Affiliate pursuant to an Award,
such right shall be no greater than the right of any general unsecured creditor
of the Company or any participating Affiliate.

 

(h)                                 No
Fractional Units. No fractional Units shall be issued or delivered pursuant
to the Plan or any Award, and the Committee shall determine whether cash, other
securities, or other property shall be paid or transferred in lieu of any
fractional Units or whether such fractional Units or any rights thereto shall
be canceled, terminated, or otherwise eliminated.

 

(i)                                     Headings.
Headings are given to the Sections and subsections of the Plan solely as a
convenience to facilitate reference. Such headings shall not be deemed in any
way material or relevant to the construction or interpretation of the Plan or
any provision thereof.

 

(j)                                     Facility
Payment. Any amounts payable hereunder to any person under legal disability
or who, in the judgment of the Committee, is unable to manage properly his
financial affairs, may be paid to the legal representative of such person,
or may be applied for the benefit of such person in any manner that the
Committee may select, and the Company shall be relieved of any further
liability for payment of such amounts.

 

(k)                                  Participation by Affiliates. In making Awards
to Employees employed by an entity other than the Company, the Committee shall
be acting on behalf of the Affiliate, and to the extent the Partnership has an
obligation to reimburse the Company for compensation paid for services rendered
for the benefit of the Partnership, such payments or reimbursement payments may be
made by the Partnership directly to the Affiliate, and, if made to the Company,
shall be received by the Company as agent for the Affiliate.

 

(l)                                     Gender
and Number. Words in the masculine gender shall include the feminine
gender, the plural shall include the singular and the singular shall include
the plural.

 

(m)                               Compliance with Section 409A. Nothing in
the Plan or any Award Agreement shall operate or be construed to cause the Plan
or an Award to fail to comply with the requirements of Section 409A of the
Internal Revenue Code. The applicable provisions of Section 409A and the
regulations thereunder are hereby incorporated by reference and shall control
over any Plan or Award Agreement provision in conflict therewith.

 

SECTION 9.                                Term of the Plan.

 

The Plan shall be effective on the date of the initial public offering
of Units and shall continue until the earliest of (i) the date terminated
by the Board, (ii) all Units available under the Plan have been paid to
Participants, or (iii) the 10th anniversary of the date the Plan is
approved by the unitholders of the Company. Unless otherwise expressly provided
in the Plan or in an applicable Award Agreement, any Award granted prior to
such termination, and the authority of the Board or the Committee to amend,
alter, adjust, suspend, discontinue, or terminate any such Award or to waive
any conditions or rights under such Award, shall extend beyond such termination
date.

 

10

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