Document:

EX-10.8

 Exhibit 10.8 
 THE WHITEWAVE FOODS COMPANY 
 EXECUTIVE SEVERANCE PAY PLAN 

Article 1. Purpose of the Plan 
 The purpose of The WhiteWave Executive Severance Pay Plan (the “Plan”) is to provide severance benefits to executive officers and certain other designated officers or employees of The
WhiteWave Foods Company (the “Company”) and its Subsidiaries whose employment terminates under the circumstances described below. 
 Article 2. Definitions 
 Certain Definitions. Whenever used herein,
the following terms shall have the respective meanings set forth below: 
 “Administrator” means a committee
comprised of the following officers of the Company: the Chief Executive Officer, the General Counsel and the senior HR officer or, if at any time no person serves in any such office or is then acting in such capacity, the person fulfilling a
substantially similar role; provided, however, that no such officer shall be authorized to act with respect to any manner that relates to his or her specific entitlements under the Plan. 

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

“Cause” means (a) Participant’s conviction of any crime deemed by the Company to make the Participant’s
continued employment untenable; (b) Participant’s willful and intentional misconduct or negligence that has caused or could reasonably be expected to result in material injury to the business or reputation of the Company; (c) a
Participant’s conviction of, or entering a plea of guilty or nolo contendere to, a crime constituting a felony; (d) the breach by a Participant of any written covenant or agreement with the Company or
(e) Participant’s failure to comply with or breach of the Company’s “code of conduct” in effect from time to time. 
 “Code” means the Internal Revenue Code of 1986, as amended. 

“Corresponding Severance Period” means a period of years equal to the multiple applicable to the Participant’s Base
Pay/Salary and Incentive Pay/Bonus in accordance with Exhibit A hereto. 
 “ERISA” means the Employee
Retirement Income Security Act of 1974, as amended. 
 “Good Reason” means a termination of a
Participant’s employment by such Participant following the occurrence of one or more of the following events: (a) a material reduction in the Participant’s annual base salary or target annual bonus opportunity (unless a similar
reduction is applied broadly to similarly situated employees), (b) a material reduction in the scope of a Participant’s duties and responsibilities, or (c) the relocation of the Participant’s principal place of employment to a
location that is more than 50 miles from such prior location of employment. In order for a termination by the Executive to constitute a termination for Good Reason, (i) the Executive must notify the Company of the circumstances claimed to
constitute Good Reason in writing not later than the 90th day after it has arisen or occurred, (ii) the Company must not have cured such circumstances within 30 days of receipt of such notice, and (iii) the Executive terminates employment
within 6 months of the date on which the circumstances claimed to constitute Good Reason first arose or occurred. 

 “Long-Term Incentive Awards” means any grant of long-term incentive awards,
including, but not limited to, long-term cash plans, stock options, restricted stock and restricted stock units, and other equity-based awards made to any Participant. 
 “Participant” means any employee who satisfies the eligibility requirements of Section 3. 
 “Qualifying Termination” means (a) the involuntary termination of a Participant’s employment by the Company (other than for Cause) or (b) the voluntary termination of a
Participant’s employment with the Company for Good Reason. For all purposes under this Plan, an Executive shall not have a “termination of employment” (and corollary terms) from the Company unless and until the Executive has a
“separation from service” from the Company (as determined under Treas. Reg. Section 1.409A-1(h), as uniformly applied in accordance with such rules as shall be established by the Company from time to time). 

“Severance Benefits” means the amounts and benefits provided in Exhibit A hereto. 

“Subsidiary” means any corporation (other than the Company) in an unbroken chain of corporations beginning with the
Company if each of the corporations (other than the last corporation in the unbroken chain) owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in the chain. 

“Termination Date” means the date of the Participant’s termination of employment. 

Gender and Number. Except when otherwise indicated by the context, words in the masculine gender used in the Plan shall include
the feminine gender, the singular shall include the plural, and the plural shall include the singular. 
 Article 3.
Eligibility 
 Eligibility under the Plan is limited to the executives and officers of the Company and its Subsidiaries
(a) having (i) the title of Senior Vice President and above and a minimum salary grade designated by the Administrator, or (ii) the title of Vice President and a minimum salary grade designated by the Administrator, and
(b) such other officers or executives of the Company as the Administrator shall from time to time designate as eligible to participate in the Plan at such level of participation as the Administrator may determine. 

Article 4. Severance Benefits 
 4.1 Severance Benefits. Each Participant who experiences a Qualifying Termination and who satisfies any additional conditions imposed pursuant to Section 4.3 shall receive the applicable
Severance Benefits as provided in Exhibit A hereto. Severance Benefits shall be reduced by such amounts as may be required under all applicable federal, state, local or other laws or regulations to be withheld or paid over with respect to
such payment. No Participant shall be entitled to duplicate benefits pursuant to this Plan and any other plan or agreement and no Participant shall receive any Severance Benefits upon a termination of employment other than a Qualifying Termination.

 4.2 Time of Payment of Severance Benefits. If a Participant incurs a Qualifying Termination, subject to the
satisfaction of the conditions set forth in section 4.3, all Severance Benefits (a) calculated by reference to Base Pay/Salary or Incentive Pay/Bonus or other forms of compensation that are not contingent on the achievement of performance
criteria other than (or in addition to) the value of the Company’s common stock shall be payable within 70 days after the Termination Date and (b) all Severance Benefits that are contingent on the achievement of performance criteria other
than (or in addition to) the value of the Company’s common stock shall be paid not later than two and one half 

  
 2 

 
months after the end of the applicable performance measurement period, unless the award agreement under which such performance based compensation is awarded requires payment to be made at a
different date (e.g., such as to comply with any six month delay required on the payment of deferred compensation to any Participant who is a specified employee within the meaning of Section 409A of the Code). Notwithstanding the foregoing, to
the extent that any portion of the Severance Benefits hereunder is deferred compensation subject to the provisions of Section 409A of the Code, in no event shall such portion of such Severance Benefits be paid prior to the last date by which a
Participant who has incurred a Qualifying Termination would be required to deliver the release required under, or to agree to comply with any additional conditions imposed pursuant to, Section 4.3. 

4.3 Conditions to Payment. Notwithstanding anything contained in the Plan to the contrary, (a) payment of any Severance
Benefits shall be conditioned upon the execution and non-revocation by Participant of a release in a form and in substance reasonably satisfactory to the Administrator within 60 (sixty) days after the Participant’s Termination Date and
(b) the Administrator may condition the Participant’s receipt of all or any portion of the Severance Benefits upon the Participant’s agreement to such additional conditions as the Administrator may deem necessary or appropriate to
promote the interests of the Company, including the execution by Participant of an agreement not to compete with, not to solicit employees or customers from, and/or not to use or disclose confidential information of, the Company and its Subsidiaries
during a period of time not exceeding the Participant’s Corresponding Severance Period. Any conditions imposed by the Administrator under subclause (b) of the immediately preceding sentence shall be communicated to the Participant not
later than five (5) business days after the Participant’s Termination Date, and must be agreed to by the Participant within sixty (60) days following the Participant’s Termination Date in order for the Participant to be eligible
to receive the Severance Benefits subject to such condition. 
 4.4 Other Benefits. A Participant shall not be entitled
to any severance pay, notice pay or other similar benefits except as provided in this Plan; provided that if the Participant becomes entitled to severance benefits under an individual agreement entered into between the Company and the Participant,
the Participant shall be entitled only to the benefits provided under such individual agreement. Except as provided in this Plan, a Participant’s rights under any employee benefit plans maintained by the Company shall be determined in
accordance with the provisions of such plans. 
 Article 5. Method of Funding 

Nothing in the Plan shall be interpreted as requiring the Company to set aside any of its assets for the purpose of funding its
obligations under the Plan. No person entitled to benefits under the Plan shall have any right, title or claim in or to any specific assets of the Company, but shall have the right only as a general creditor to receive benefits on the terms and
conditions provided in the Plan. 
 Article 6. Administration of the Plan 

6.1 Authority of Administrator. The Plan shall be administered by the Administrator, who shall have full authority, consistent
with the Plan, to administer the Plan, including authority to interpret, construe and apply any provisions of the Plan. Any decisions of the Administrator shall be final and binding on all parties. The Administrator shall be the Plan Administrator
and named fiduciary of the Plan for purposes of ERISA. The Administrator may delegate to any person, committee or entity any of his or her respective duties hereunder and the decisions of any such person with respect to such delegated matters shall
be final and binding in accordance with the first paragraph of this section. This section shall constitute the Plan’s procedures for the allocation of responsibilities for the operation and administration of the Plan (within the meaning of
Section 405(c) of ERISA). 

  
 3 

 6.2 Claim Appeal Process. Any Executive who believes that he or she is entitled to
receive benefits under this Plan, including benefits other than those initially determined by the Administrator to be payable, may file a claim in writing with the Administrator specifying the reasons for such claim. The Administrator shall, within
60 days of after receipt of such written claim, send a written notification to the Executive as to the disposition of such claim. In the event that such claim is denied in whole or in part, such written notification shall be written in a manner
calculated to be understood by the claimant and shall (a) state the specific reason or reasons for the denial, (b) make specific reference to the pertinent Plan provisions on which the denial is based, (c) provide a description of any
additional material or information necessary for the Executive to perfect the claim and an explanation of why such material or information is necessary, and (d) set forth the procedure by which the Executive may appeal the denial of such claim.
The Executive (or his or her duly authorized representative) may request a review of the denial of any such claim or portion thereof by making application in writing to the Administrator within 60 days after receipt of such denial. Such Executive
(or his or her duly authorized representative) may, upon written request to the Administrator, review any documents pertinent to such claim, and submit in writing issues and comments in support of such claim. Within 60 days after receipt of a
written appeal (unless special circumstances, such as the need to hold a hearing, require an extension of time but in no event more than 120 days after such receipt), the Administrator shall notify the Executive of the final decision with respect to
such claim. Such final decision shall be in writing and shall include specific reasons for such decision, written in a manner calculated to be understood by the claimant, with specific references to the pertinent Plan provisions on which such
decision is based. 
 Article 7. Amendment or Termination of the Plan 

Notwithstanding anything in the Plan to the contrary, the Company’s Board of Directors or the Compensation Committee of the Board
may amend, modify or terminate the Plan at any time by written instrument; provided that any such amendment, modification or termination shall not (a) with respect to any Participant who has an employment or other written agreement with the
Company explicitly providing for participation in this Plan, result in the loss of any material or substantive rights for such Participant or (b) with respect to any Participant, deprive such Participant of any payment or benefit that the Plan
Administrator previously has determined is payable to such Participant under the Plan. In addition, the Administrator shall have the right at any time to make any amendments to the Plan that could be made by the Board of Directors or the
Compensation Committee of the Board under the preceding sentence, including modifying the timing and form of payment of all or any portion of Severance Benefits or other payments described herein, if, in the sole discretion of the Plan
Administrator, any such amendment is necessary or advisable as a result of changes in law or to avoid the imposition of an additional tax, interest or penalty under section 409A of the Code and regulations promulgated thereunder. 

Article 8. Miscellaneous 
 8.1 Headings. Headings of sections in this instrument are for convenience only, and do not constitute any part of the Plan. 
 8.2 Severability. If any provision of this Plan or the rules and regulations made pursuant to the Plan are held to be invalid or illegal for any reason, such illegality or invalidity shall not
affect the remaining portions of this Plan. 
 8.3 Effective Date; Effect on Prior Plans. The Plan is effective on the
date that Dean Foods Company no longer owns a controlling interest in the Company. With respect to any employee who is eligible to receive benefits under the Plan and as of the date that the Plan becomes effective, the Plan supersedes any and all
prior severance plans, agreements, programs and policies to the extent applicable to such employees, including any severance plan or benefits of Dean Foods Company that was available to the employee during the period in which Dean Foods Company
owned a controlling interest in the Company. 

  
 4 

 8.4 Successors and Assigns. This Plan shall be binding upon and inure to the benefit
of the Company, and its respective successors and assigns and shall be binding upon and inure to the benefit of a Participant and his or her legal representatives, heirs and assigns. No rights, obligations or liabilities of a Participant hereunder
shall be assignable without the prior written consent of the Company. 
 8.5 Governing Law. The Plan shall be construed
and enforced in accordance with ERISA and the laws of the State of Delaware to the extent such laws are not preempted by ERISA. 

8.6 Section 409A. This Plan is intended to comply with the requirements of Section 409A of the Code, and shall be
interpreted and construed consistently with such intent. The payments to a Participant pursuant to this Plan are also intended to be exempt from Section 409A of the Code to the maximum extent possible, under either the separation pay exemption
pursuant to Treasury regulation §1.409A-1(b)(9)(iii) or as short-term deferrals pursuant to Treasury regulation §1.409A-1(b)(4), and for this purpose each payment shall constitute a “separately identified” amount within the
meaning of Treasury Regulation §1.409A-2(b)(2). In the event the terms of this Plan would subject a Participant to taxes or penalties under Section 409A of the Code (“409A Penalties”), the Company and the Participant shall
cooperate diligently to amend the terms of this Plan to avoid such 409A Penalties, to the extent possible; provided that in no event shall the Company be responsible for any 409A Penalties that arise in connection with any amounts payable under this
Plan. To the extent any amounts under this Plan are payable by reference to a Participant’s “termination of employment,” such term shall be deemed to refer to the Participant’s “separation from service,” within the
meaning of Section 409A of the Code. Notwithstanding any other provision in this Plan, if a Participant is a “specified employee,” as defined in Section 409A of the Code, as of the date of the Participant’s separation from
service, then to the extent any amount payable to the Participant (i) constitutes the payment of nonqualified deferred compensation, within the meaning of Section 409A of the Code, (ii) is payable upon the Participant’s
separation from service and (iii) under the terms of this Plan would be payable prior to the six-month anniversary of the Participant’s separation from service, such payment shall be delayed until the earlier to occur of (a) the first
business day following the six-month anniversary of the separation from service and (b) the date of Participant’s death. Any reimbursement or advancement payable to a Participant pursuant to this Plan or otherwise shall be conditioned on
the submission by the Participant of all expense reports reasonably required by the Company under any applicable expense reimbursement policy, and shall be paid to the Participant within 30 days following receipt of such expense reports, but in no
event later than the last day of the calendar year following the calendar year in which the Participant incurred the reimbursable expense. Any amount of expenses eligible for reimbursement, or in-kind benefit provided, during a calendar year shall
not affect the amount of expenses eligible for reimbursement, or in-kind benefit to be provided, during any other calendar year. The right to any reimbursement or in-kind benefit pursuant to this Plan or otherwise shall not be subject to liquidation
or exchange for any other benefit.  

  
 5 

 EXHIBIT A 

SEVERANCE BENEFITS 
  

									
	 	  	 Chief Executive Officer
	  	 Other Executive Officers
	  	 Senior Vice-Presidents
	  	 Vice Presidents

Grades 20-22

	Base Pay/Salary	  	2 x current base salary	  	2 x current base salary	  	1.5 x current base salary	  	1 x current base salary
					
	Incentive Pay/Bonus	  	2 x current annual bonus target	  	2 x current annual bonus target	  	1.5 x current annual bonus target	  	1 x current annual bonus target
					
	Long-Term Incentive Awards (“LTI Awards”)	  	Cash payment made for the in-the-money value of all outstanding and unvested LTI Awards that would vest over the 36 months following the Termination Date. Except as provided below,
the value of awards related to WhiteWave stock shall be based on average closing price of WhiteWave stock measured over 30 days immediately following the Termination Date, but net of any exercise or base price applicable to such award. Cash-based
awards and stock-based awards, payment of which is contingent upon the satisfaction of performance criteria, shall be valued based on the otherwise applicable formula in respect of such award, except that, unless otherwise expressly provided in the
terms of such award, measurement of any performance criteria shall occur as of the end of the calendar year that includes the Termination Date.	  	Cash payment made for the in-the-money value of all outstanding and unvested LTI Awards that would vest over the 24 months following the Termination Date. Except as provided below,
the value of awards related to WhiteWave stock shall be based on average closing price of WhiteWave stock measured over 30 days immediately following the Termination Date, but net of any exercise or base price applicable to such award. Cash-based
awards and stock-based awards, payment of which is contingent upon the satisfaction of performance criteria, shall be valued based on the otherwise applicable formula in respect of such award, except that, unless otherwise expressly provided in the
terms of such award, measurement of any performance criteria shall occur as of the end of the calendar year that includes the Termination Date.	  	Cash payment made for the in-the-money value of all outstanding and unvested LTI Awards that would vest over the 18 months following the Termination Date. Except as provided below,
the value of awards related to WhiteWave stock shall be based on average closing price of WhiteWave stock measured over 30 days immediately following the Termination Date but net of any exercise or base price applicable to such award. Cash-based
awards and stock-based awards, payment of which is contingent upon the satisfaction of performance criteria, shall be valued based on the otherwise applicable formula in respect of such award, except that, unless otherwise expressly provided in the
terms of such award, measurement of any performance criteria shall occur as of the end of the calendar year that includes the Termination Date.	  	Cash payment made for the in-the-money value of all outstanding and unvested LTI Awards that would vest over the 12 months following the Termination Date. Except as provided below,
the value of awards related to WhiteWave stock shall be based on average closing price of WhiteWave stock measured over 30 days immediately following the Termination Date but net of any exercise or base price applicable to such award. Cash-based
awards and stock-based awards, payment of which is contingent upon the satisfaction of performance criteria, shall be valued based on the otherwise applicable formula in respect of such award, except that, unless otherwise expressly provided in the
terms of such award, measurement of any performance criteria shall occur as of the end of the calendar year that includes the Termination Date.
					
	Healthcare	  	Cash payment of $25,000 which may be used to pay COBRA expenses	  	Cash payment of $25,000 which may be used to pay COBRA expenses	  	Cash payment of $20,000 which may be used to pay COBRA expenses	  	Cash payment of $15,000 which may be used to pay COBRA expenses

  
 6 

									
	 	  	 Chief Executive Officer
	  	 Other Executive Officers
	  	 Senior Vice-Presidents
	  	 Vice Presidents

Grades 20-22

	Outplacement	  	Cash payment of $25,000; office and administrative support for 24 months	  	Cash payment of $25,000	  	Cash payment of $20,000	  	Cash payment of $15,000
					
	Current Year Bonus	  	Payment of a pro-rata bonus based on months actively employed during the year and the Participant’s target bonus for the year of termination. If the Participant is a person who
the Company reasonably determines could have been a covered employee within the meaning of Section 162(m) of the Code for the year in which his or her employment terminates, and such bonus has been designed to be performance based compensation
exempt from the limitation in such Section 162(m), then payment of such pro-rated bonus shall be contingent upon satisfaction of the performance criteria otherwise applicable to the payment of such bonus.	  	Payment of a pro-rata bonus based on months actively employed during the year and the Participant’s target bonus for the year of termination. If the Participant is a person who
the Company reasonably determines could have been a covered employee within the meaning of Section 162(m) of the Code for the year in which his or her employment terminates, and such bonus has been designed to be performance based compensation
exempt from the limitation in such Section 162(m), then payment of such pro-rated bonus shall be contingent upon satisfaction of the performance criteria otherwise applicable to the payment of such bonus.	  	Payment of a pro-rata bonus based on months actively employed during the year and the Participant’s target bonus for the year of termination. If the Participant is a person who
the Company reasonably determines could have been a covered employee within the meaning of Section 162(m) of the Code for the year in which his or her employment terminates, and such bonus has been designed to be performance based compensation
exempt from the limitation in such Section 162(m), then payment of such pro-rated bonus shall be contingent upon satisfaction of the performance criteria otherwise applicable to the payment of such bonus.	  	Payment of a pro-rata bonus based on months actively employed during the year and the Participant’s target bonus for the year of termination. If the Participant is a person who
the Company reasonably determines could have been a covered employee within the meaning of Section 162(m) of the Code for the year in which his or her employment terminates, and such bonus has been designed to be performance based compensation
exempt from the limitation in such Section 162(m), then payment of such pro-rated bonus shall be contingent upon satisfaction of the performance criteria otherwise applicable to the payment of such bonus.

  
 7EX-10.9

 Exhibit 10.9 
 THE WHITEWAVE FOODS COMPANY 
 2013 DIRECTOR’S RESTRICTED STOCK AWARD
AGREEMENT 
 THIS AGREEMENT (this “Agreement”), effective as of the date indicated on the Notice of Grant
delivered herewith (the “Notice of Grant”), is made and entered into by and between The WhiteWave Foods Company, a Delaware corporation (the “Company”), and the individual named on the Notice of Grant
(“you”). 
 WITNESSETH: 
 WHEREAS, the Board of Directors of the Company has adopted and approved The WhiteWave Foods Company 2012 Stock Incentive Plan (the “Plan”), which Plan was approved as required by the
Company’s stockholders and provides for the grant of Restricted Stock and other forms of stock-based compensation to certain selected Employees and non-employee Directors of the Company and its Subsidiaries (capitalized terms used and not
otherwise defined in this Agreement shall have the meanings set forth in the Plan); and 
 WHEREAS, the Restricted Stock and
other Awards provided for under the Plan are intended to comply with the requirements of Rule 16b-3 under the Securities Exchange Act of 1934, as amended; and 
 WHEREAS, the Company currently pays its non-employee Directors an annual fee that is payable partially in cash and partially in equity, and the Company offers each non-employee Director the option of
receiving the cash portion of his or her annual fee in restricted shares of the Company’s common stock (such shares being referred to as “Restricted Stock”); and 

WHEREAS, if a non-employee Director elects to receive all or any portion of his or her cash fees in shares of Restricted Stock rather
than in cash, the number of shares issuable will be determined and issued on the last day of each quarter by (i) multiplying 1.5 by the amount of cash fees elected to be received in Restricted Stock, (ii) dividing such product by four, and
(iii) dividing the result by the average closing price of the Company’s common stock on the New York Stock Exchange over the last 30 trading days of the applicable quarter; and 

WHEREAS, you are a non-employee Director and you have elected to receive all or a portion of your non-employee Director fees in shares of
Restricted Stock rather than in cash and, in accordance with your election, the Committee has awarded to you the Restricted Stock described in this Agreement and in the Notice of Grant. 

NOW, THEREFORE, in consideration of the foregoing and of the mutual promises and other terms and conditions set forth in this Agreement,
the Company and the Participant agree as follows: 
 1. Grant of Award. The Company hereby grants to you, and you hereby
accept, subject to the terms and conditions set forth in the Plan and in this Agreement, the number of shares of Restricted Stock shown on the Notice of Grant, effective as of the date indicated on the Notice of Grant (the “Grant
Date”). In addition, each quarter during calendar 2013 the Company will grant to you additional shares of Restricted Stock pursuant to this Agreement, each time by completing a Notice of Grant that reflects the number of shares granted, the
vesting provisions and the grant date. The Restricted Stock represents the right to receive, subject to the terms and conditions set forth in the Plan and in this Agreement, unrestricted shares of the Company’s Stock (such shares of Stock are
referred to as the “Shares”). Subject to the provisions of Sections 2(c) and 3(b) hereof, this Award of Restricted Stock is irrevocable and is intended to conform in all respects with the Plan. 

 2. Vesting. 
 (a) Regular Vesting. Except as otherwise provided in the Plan or in this Section 2, your Restricted Stock will vest ratably in three (3) equal annual increments on the Grant Date and on
the first and second anniversaries of the Grant Date. 
 (b) Accelerated Vesting. In addition to the vesting provisions
contained in Section 2(a) above, your Restricted Stock will automatically and immediately vest in full upon (i) a Change in Control, (ii) your death or Disability, or (iii) your Retirement or other retirement from service on the
Board upon expiration of your term. For purposes of this Agreement, “Retirement” shall be defined as your retirement from service to the Company or any Subsidiary after you reach the age of sixty-five (65); and
“Disability” shall be defined as your permanent and total disability (within the meaning of Section 22(e)(3) of the Code). 
 (c) Forfeiture of Unvested Restricted Stock. If your service as a non-employee Director of the Company terminates for any reason (other than by reason of your death, Disability, Retirement or other
retirement from service on the Board upon expiration of your term) before all or any portion of the Restricted Stock subject to this Award have vested, the unvested Restricted Stock will be immediately forfeited and you will have no further rights
to such unvested Restricted Stock or the Shares represented by those forfeited Restricted Stock. 
 3. Distribution of
Shares. 
 (a) Distribution Upon Vesting. The Company will distribute to you (or to your estate in the event of your
death) the Shares represented by the Restricted Stock that vested on such vesting date as soon as administratively practicable (but in no event more than 60 days) after each vesting date. Notwithstanding the immediately preceding sentence, any
Restricted Stock subject to this grant that become vested on account of your Retirement shall be distributed to you as soon as administratively practicable (but in no event more than 60 days) following the date on which you cease to be a director of
the Company. 
 (b) Forfeiture of Shares. Notwithstanding any provision of this Agreement or the Plan to the contrary, if
you are removed as a non-employee Director of the Company due to your willful or intentional fraud, embezzlement, violation of the Company’s Code of Ethics, or other conduct seriously detrimental to the Company or any Subsidiary, your rights in
your unvested Restricted Stock will be immediately and permanently forfeited. The determination of whether you have been removed for any of the reasons specified in the preceding sentence (which will be referred to in this Agreement as
“Cause”) will be determined by the Board or the Committee. 
 (c) Compliance With Law. The Plan, the
granting and exercising of this Restricted Stock, and any obligations of the Company under the Plan, shall be subject to all applicable federal, state and foreign country laws, rules and regulations, and to such approvals by any regulatory or
governmental agency as may be required, and to any rules or regulations of any exchange on which the Stock is listed. The Company, in its discretion, may postpone the granting of this Restricted Stock, the issuance or delivery of Shares under this
Restricted Stock or any other action permitted under the Plan to permit the Company, with reasonable diligence, to complete such stock exchange listing or registration or qualification of such Stock or other required action under any federal, state
or foreign country law, rule or regulation and may require you to make such representations and furnish such information as it may consider appropriate in connection with the issuance or delivery of Stock in compliance with applicable laws, rules
and regulations. The Company shall not be obligated by virtue of any provision of the Plan to recognize the vesting of this Restricted Stock or to otherwise sell or issue Stock in violation of any such laws, rules or regulations. 

  
 2 

 4. Stockholder Rights; Transfer of Restricted Stock. Beginning on the Grant Date, you
have all of the rights and privileges of a stockholder of the Company in respect of the Shares issuable pursuant to this Restricted Stock award, including voting rights and the right to receive dividends (to the extent declared by the Company) with
respect to all Restricted Stock granted to you from time to time pursuant to this Agreement, subject to the restrictions on transfer set forth in Sections 6 and 7. 
 5. Tax Withholding. Any provision of this Agreement to the contrary notwithstanding, the Company may take such steps as it deems necessary or desirable for the withholding of any taxes that it is
required by law or regulation of any governmental authority, federal, state or local, domestic or foreign, to withhold in connection with vesting of any Restricted Stock or issuance of any of the Shares subject thereto. 

6. Restrictions on Transfer. The Participant may not sell, pledge or otherwise transfer unvested shares of Restricted Stock. The
Company is not obligated to recognize any purported sale or other transfer of Restricted Stock in violation of this Section 6 and may treat any such purported sale or transfer as null, void and of no effect. You hereby agree with the
Company that a notation will be made in your account to enforce these restrictions on transfer of the unvested Restricted Stock. 
 7. Compliance with Securities Laws. The Restricted Stock and the underlying Shares may not be sold, pledged or otherwise transferred in the absence of an effective registration statement pertaining
thereto under the Securities Act of 1933, as amended, and all applicable regulations promulgated thereunder, and under any applicable state securities laws and all applicable regulations promulgated thereunder, or an exemption from the registration
requirements thereof. 
 7. Plan Incorporated. You accept the Restricted Stock hereby granted subject to all the
provisions of the Plan, which, except as expressly contradicted by the terms hereof, are incorporated into this Agreement, including the provisions that authorize the Committee to administer and interpret the Plan and which provide that the
Committee’s decisions, determinations and interpretations with respect to the Plan are final and conclusive on all persons affected thereby. 
 8. Miscellaneous. 
 (a) Notices. Any notice to be given to the
Company under the terms of this Agreement shall be addressed to the Company at its principal executive offices, and any notice to be given to you shall be addressed to you at the address set forth on the attached Notice of Grant, or at such other
address for a party as such party may hereafter designate in writing to the other. Any such notice shall be deemed to have been duly given if mailed, postage prepaid, addressed as aforesaid. 

(b) Binding Agreement. Subject to the limitations in this Agreement on the transferability by you of the Award granted herein,
this Agreement shall be binding upon and inure to the benefit of the representatives, executors, successors or beneficiaries of the parties hereto. 
 (c) Governing Law. The interpretation, performance and enforcement of this Agreement shall be governed by the laws of the State of Delaware and the United States, as applicable, without
reference to the conflict of laws provisions thereof.  
 (d) Severability. If any provision of this Agreement is
declared or found to be illegal, unenforceable or void, in whole or in part, then the parties shall be relieved of all obligations arising under such provision, but only to the extent that it is illegal, unenforceable or void, it being the intent
and agreement of the parties that this Agreement shall be deemed amended by modifying such provision to the extent necessary to make it legal and enforceable while preserving its intent or, if that is not possible, by substituting therefore another
provision that is legal and enforceable and achieves the same objectives. 

  
 3 

 (e) Interpretation. All section titles and captions in this Agreement are for
convenience only, shall not be deemed part of this Agreement, and in no way shall define, limit, extend or describe the scope or intent of any provisions of this Agreement. 
 (f) Entire Agreement. This Agreement constitutes the entire agreement among the parties hereto pertaining to the subject matter hereof and supersedes all prior agreements and understandings
pertaining thereto. 
 (g) No Waiver. No failure by any party to insist upon the strict performance of any covenant,
duty, agreement or condition of this Agreement or to exercise any right or remedy consequent upon a breach thereof shall constitute waiver of any such breach or any other covenant, duty, agreement or condition. 

(h) Relief. In addition to all other rights or remedies available at law or in equity, the Company shall be entitled to injunctive
and other equitable relief to prevent or enjoin any violation of the provisions of this Agreement. 
 END OF AGREEMENT

  
 4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00217-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00217-of-00352.parquet"}]]