Document:

Separation Agreement and General Release

 Exhibit 10.1 

SEPARATION AGREEMENT AND GENERAL RELEASE 

This Separation Agreement and General Release (“Separation Agreement”) is entered into by and between Todd Abbott
(“You” or “Abbott”) and Avaya Inc. (“Avaya” or “Company”), and confirms the agreement that has been reached with you in connection with your termination of employment with the Company. 

1. Termination of Employment. You agree that your employment with Avaya shall terminate no later than September 30, 2010, or
on the date that you accept employment at another employer (if that occurs prior to September 30, 2010) (“Termination Date”), and until the Termination Date, you will in good faith and under the direction of the Board of Directors
(including any committees thereof) and the Chief Executive Officer (“CEO”) and any of their respective designees, perform any duties requested of you. You will be paid your base salary up to and including the Termination Date. You will not
be eligible for any awards, bonuses, including any amounts paid pursuant to the Avaya Short Term Incentive Plan (“STIP”), or any other payments, except as set forth in this Agreement. You agree that if you obtain employment at another
employer prior to September 30, 2010, you will notify Avaya in writing of such employment within three (3) calendar days of accepting the offer. 

2. Payments. In consideration of your execution of this Separation Agreement and your compliance with its terms and conditions,
and provided that you execute this Separation Agreement and do not revoke it within the time frame provided herein for such revocation, the Company agrees to pay or provide you with the following in lieu of the payments provided in the Involuntary
Separation Plan for Senior Officers: 
 a. A payment of One Million Seven Hundred Fifty Thousand Dollars ($1,750,000), less
withholdings required in accordance with applicable law, paid in three installments as follows: first payment of One Million Dollars ($1,000,000), payable within thirty (30) days from the Termination Date; a second payment of One Hundred Fifty
Thousand Dollars ($150,000), payable within 6 months from the Termination Date; and, a third payment of Six Hundred Thousand Dollars ($600,000), within 12 months from the Termination Date, with each payment expressly conditioned on you satisfying
your obligations set forth in paragraph 7 of this Separation Agreement and in the other agreements and documents referred to in paragraph 7 of this Separation Agreement. Should Abbott become deceased prior to October 1, 2011, Avaya shall pay
any unpaid installments referenced in this paragraph 2(a) to his estate on the next scheduled payment date(s) upon written notification and request from the executor/executrix authorized to make such requests on behalf of his estate. 

b. Accrued and unused vacation for fiscal year 2010. 

c. Continued coverage under the Avaya Inc. Medical Expense Plan and the Avaya Inc. Dental Expense Plan for a period up to three
(3) months after the month of your Termination Date by paying the applicable Consolidated Omnibus Budget Reconciliation Act (“COBRA”) premium rates. 

 3. Expenses and Certain Benefits. You will be paid for any previously submitted
un-reimbursed business expenses (in accordance with usual Company guidelines and practices), to the extent not theretofore paid. In addition, you will be entitled to receive vested amounts, if any, payable to you under the Company’s 401(k) plan
and other retirement and deferred compensation plans in accordance with the terms of such plans and applicable law. Except as specifically set forth herein, your participation in all Company plans, including any and all equity and/or deferred
compensation plans, shall remain subject to the terms and conditions of such plans as in effect from time to time and you agree that such terms and conditions are binding on you and the Company. Further, other than the payments and benefits set
forth in section 2 above and this section 3 (and any provisions of the Equity Plans and Equity Agreements referred to below), you are not entitled to any other payments or benefits of any kind based on any agreement, plan or practice of Avaya.

 4. Non-Disparagement. You agree that you will not disparage or encourage or induce others to disparage any of the
Company, its subsidiaries and affiliates, together with all of their respective past and present directors, managers, officers, shareholders, partners, employees, agents, attorneys, servants and clients and each of their predecessors, successors and
assigns (collectively, the “Company Entities and Persons”). For the purposes of this Separation Agreement, the term “disparage” as used in this section 4 includes, without limitation, comments or statements adversely affecting in
any manner (i) the conduct of the business of the Company Entities and Persons or (ii) the business reputation of the Company Entities and Persons. Nothing in this Separation Agreement is intended to or shall prevent you from providing
testimony in response to a valid subpoena, court order, regulatory request or other judicial, administrative or legal process or otherwise as required by law. Avaya will take reasonable steps to provide that no member of the Executive Council makes
any negative or derogatory remarks, comments or statements about you, your character or your performance while employed at Avaya. Further, Avaya will notify the members of the Sierra Holding Company Board of Directors that it is Avaya’s
practice to provide neutral references with respect to inquiries from prospective employers and that any such inquiries to said Board of Directors members will be directed to the Senior Vice President, Human Resources, of Avaya. 

5. Cooperation. You agree that you will cooperate with the Company Entities and Persons and its or their respective counsel, in
connection with any investigation, inquiry, administrative proceeding or litigation relating to any matter in which you were involved or of which you have knowledge by providing truthful information, provided that such cooperation does not
unreasonably interfere with your then current professional and personal commitments. The Company agrees to reimburse you promptly for any and all reasonable expenses necessarily incurred by you in connection with your cooperation pursuant to this
section 5. You agree that, in the event you are subpoenaed by any person 
  

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or entity (including, but not limited to, any government agency) to give testimony (in a deposition, court proceeding or otherwise) which in any way relates to your employment by the Company, you
will give prompt notice of such request within two (2) business days of such request to the Chief Administrative Officer or Vice President, Law, Labor, Employment, Benefits and Litigation, of the Company, at Avaya Inc. 211 Mount Airy Road
3W365, Basking Ridge, NJ 07920, and will provide the Company with a reasonable opportunity to contest the right of the requesting person or entity to such disclosure before making such disclosure. Nothing in this provision shall require you to
violate your obligation to comply with valid legal process. 
 6. Company Property. You represent that as of the
Termination Date, you will have returned to the Company all property belonging to the Company and/or the Company Entities and Persons including but not limited to computers, cell phones, personal communication devices, keys, card access to the
building and office floors, credit card(s) and phone card(s) (“Company Property”). 
 7. Post-Employment
Obligations. You acknowledge that you have signed stock option equity agreements pursuant to the Sierra Holdings Amended and Restated 2007 Equity Plan and the Management Stockholders’ Agreement (“Equity Agreements and Equity
Plans”) which govern exclusively the terms of your equity rights and participation in such agreements and plans. After the Termination Date, during the subsequent twelve (12) month period you will continue to comply with your obligations
under any post-employment restrictive covenant, including, but not limited to, Appendix I of the Non-Disclosure, IP Assignment, Non-Solicitation and Non-Competition provisions of your Senior Management Nonstatutory Time-Based Option Agreement,
signed by you as part of the Equity Plans and Equity Agreements. You shall notify your new employer(s) of your obligations under this Separation Agreement and Appendix I, and you hereby consent to notification by the Company to such employer(s)
concerning your obligations under this Separation Agreement and the Equity Plans and Equity Agreements. The Company shall treat any such notice and information as confidential, and will not use or disclose the information contained therein except to
enforce its rights hereunder. For the avoidance of doubt, Abbott’s post-employment obligations include, but are not limited to, the following: 

a. Non-Competition. During the period prior to the Termination Date and for the 12-month period immediately following the
Termination Date, you will not work for or provide services to, in any capacity, whether as an employee, independent contractor or otherwise, whether with or without compensation, to any Material Competitor (as defined below). The foregoing shall
not prevent: (i) passive ownership by Abbott of no more than two percent (2%) of the equity securities of any publicly traded company; or (ii) Abbott’s providing services to a division or subsidiary of a multi-division entity or
holding company, so long as no division or subsidiary to which Abbott provides services is a Material Competitor, and Abbott does not otherwise engage in competition on behalf of the multi-division entity or any competing division or subsidiary
thereof. A “Material Competitor” means an entity, or a division or subsidiary of a multi-division entity or holding company, which engages in business in one or more of the fields in which the Company conducts business and from which the
Company derives at least 10% of its annual gross revenues, as determined as of the Termination Date. 
  

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 b. Non-Solicitation of Customers. During the period prior to the Termination Date and
for the 12-month period immediately following the Termination Date, Abbott will not, directly or indirectly, (a) solicit, encourage or induce any customer of the Company to terminate or diminish in any substantial respect its relationship with
the Company; or (b) seek to persuade or induce any such customer or prospective customer of the Company to conduct with anyone else any substantial business or activity which such customer or prospective customer conducts or could conduct with
the Company; provided that the restrictions in (a) and (b) shall apply (i) only with respect to those entities who are or have been a customer of the Company at any time within the immediately preceding one-year period from the
Termination Date or whose business has been solicited on behalf of the Company by any of its officers, employees or agents within said one-year period, other than by form letter, blanket mailing or published advertisement, provided that in each
instance of this subparagraph 7(b)(i) that Abbott had knowledge of such relationship and (ii) only if Abbott has performed work for such customer during the immediately preceding one-year period from the Termination Date or has been introduced
to, or otherwise had contact with, such customer as a result of his employment or other associations with the Company or has had access to Confidential Information which would assist in the solicitation of such customer. The foregoing restrictions
shall not apply to general solicitation or advertising, including through media and trade publications. 
 c.
Non-Solicitation/Non-Hiring of Employees and Independent Contractors. During the period prior to the Termination Date and for the 12-month period immediately following the Termination Date, Abbott will not, and will not assist anyone else to,
(a) hire or solicit for hiring any employee of the Company or seek to persuade or induce any employee of the Company to discontinue employment with the Company, or (b) hire or engage any independent contractor providing services to the
Company, or solicit, encourage or induce any independent contractor providing services to the Company to terminate or diminish in any substantial respect its relationship with the Company. For the purpose of this provision, an “employee”
or “independent contractor” of the Company is any person who is or was such at any time within the preceding six-month period. The foregoing restrictions shall not apply to general solicitation or advertising, including through media,
trade publications and general job postings. 
 d. Notwithstanding anything set forth in this paragraph 7 (including any
subparagraphs) and in the Equity Agreements and Equity Plans, you understand and agree that in exchange for the consideration set forth in this Separation Agreement you will not work for or provide services to, in any capacity, whether as an
employee, independent contractor, consultant or otherwise, whether with or without compensation, to any of the following companies or their affiliates, parents, subsidiaries, successors or assigns, for the period prior to the Termination Date and
for the 12-month period immediately following the Termination Date: [            ]; provided, however, 

 

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that upon your request to work for or provide services to a subsidiary, unit or division of any of the above-named entities in this paragraph 7(d) which does not engage in a business or market in
which Avaya is engaged as of the Termination Date, Avaya will consider in good faith whether to permit you to work for or provide services to such entity without alleging a violation of this paragraph 7(d). 

8. General Release and Waiver. You agree that in consideration of the benefits provided to you pursuant to this Separation
Agreement, other than claims related to enforcement of this Separation Agreement that you hereby waive, release and forever discharge any and all claims and rights which you ever had, now have or may have against Avaya Inc. and any Company Entities
and Persons, based on any act, event or omission occurring before you execute this Separation Agreement arising out of, during or relating to your employment or services with the Company or the termination of such employment or services. This waiver
and release includes, but is not limited to, any claims which could be asserted now or in the future, under: common law, including, but not limited to, breach of express or implied duties, wrongful termination, defamation, or violation of public
policy; any policies, practices, or procedures of the Company; any federal or state statutes or regulations including, but not limited to, Title VII of the Civil Rights Act of 1964, as amended, the Age Discrimination in Employment Act, 29 U.S.C.
§621 et seq., 42 U.S.C. §2000e et seq., the Civil Rights Act of §§1866 and 1871, the Americans With Disabilities Act, 42 U.S.C. §12101 et seq., the Employee Retirement Income Security Act
(“ERISA”), 29 U.S.C. §1001 et seq. (excluding those rights which have vested under any ERISA plan), the Family and Medical Leave Act, §2601 et. seq., the New Jersey Law Against Discrimination, N.J.S.A. 10:5-1 et
seq.; the Conscientious Employee Protection Act, N.J.S.A. 34:19-1 et. seq.; any contract of employment, express or implied; any provision of the United States or New Jersey Constitutions; any provision of any other law, common or
statutory, of the United States, the State of New Jersey or any other state or country; provided, however, that this Separation Agreement shall not preclude you from asserting a claim with the Equal Employment Opportunity Commission
(“EEOC”) relating to your employment; provided, further, however, that you agree that you may not recover any recompense as a result of any such claim. 

9. No Future Actions. By signing this Separation Agreement, you represent that you have not and will not in the future commence
any action or proceeding arising out of the matters released hereby, and that you will not seek or be entitled to any award of legal or equitable relief in any action or proceeding that may be commenced on your behalf. 

10. Knowing and Voluntary. You acknowledge that you: (a) have carefully read this Separation Agreement in its entirety;
(b) understand and agree with everything in it; (c) have been advised to consult with a counsel of your selection regarding this Separation Agreement; (d) have been provided at least twenty-one (21) days to consider the terms of
this Separation Agreement, although you may choose to sign this Separation Agreement and return it to the Company sooner; (e) have seven (7) additional days from the date you sign it to revoke it by providing written notice to the Senior
Vice President and Chief Administrative Officer of the Company, at 211 Mt. Airy Road, Basking Ridge, 
  

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New Jersey 07920, within such time period, in which case this Separation Agreement shall become null and void; (f) are signing this Separation Agreement voluntarily and of your own free will
and agree to abide by all the terms and conditions contained herein; and, (g) are obtaining benefits under this Separation Agreement to which you are otherwise not already entitled. 

11. Severability of Provisions. If any provision of this Separation Agreement is held by an arbitrator or court of competent
jurisdiction to be illegal, void or unenforceable, such provision shall have no effect; however, the remaining provisions shall be enforced to the maximum extent possible. Further, if a court or arbitrator should determine that any portion of this
Separation Agreement is overbroad or unreasonable, such provision shall be given effect to the maximum extent possible by narrowing or enforcing in part that aspect of the provision found overbroad or unreasonable. In addition, you agree that your
willful and knowing failure to return Company Property that relates to the maintenance of security of the Company Entities and Persons or the maintenance of proprietary information constitutes a material breach of this Separation Agreement as to
which the Company may seek all available relief under the law. 
 12. No Admission. This Separation Agreement is not
intended, and shall not be construed, as an admission that either the Company Entities and Persons have violated any federal, state or local law (statutory or decisional), ordinance or regulation, breached any contract or committed any wrong
whatsoever. You specifically agree that during your tenure at Avaya you have not witnessed, have no knowledge of and did not participate in, any actions and/or inactions that constitute violations of any laws, statutes, rules or regulations of any
governing authorities or entities. 
 13. Construction. Should any provision of this Separation Agreement require
interpretation or construction, it is agreed by the parties that the entity interpreting or construing this Separation Agreement shall not apply a presumption against one party by reason of the rule of construction that a document is to be construed
more strictly against the party who prepared the document. 
 14. Binding on Heirs. This Separation Agreement is binding
upon, and shall inure to the benefit of, the parties and their respective heirs, executors, administrators, successors and assigns. 

15. Governing Law. This Separation Agreement shall be construed and enforced in accordance with the laws of the State of New
Jersey without regard to the principles of conflicts of law. Any action to enforce the terms of this Separation Agreement must be brought in the State of New Jersey. 

16. Section 409A. Notwithstanding anything in this Separation Agreement to the contrary, the parties hereby agree that it is
the intention that any payments or benefits provided under this Separation Agreement comply in all respects with Section 409A of the Internal Revenue Code of 1986, as amended (“Code”) and any guidance issued thereunder, and this
Separation Agreement be interpreted accordingly. In addition, in the 
  

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event that additional guidance with respect to Section 409A of the Code becomes available prior to the Separation Date, upon your reasonable request, the parties will cooperate in good faith
with a view towards amending this Separation Agreement solely to the extent necessary and appropriate to avoid adverse tax consequences pursuant to Section 409A of the Code, while retaining the economic benefits and burdens of the Separation
Agreement to the fullest extent possible. 
 17. Entire Agreement. You acknowledge that this Separation Agreement and the
Equity Plan and Equity Agreements referred to herein, constitute the complete understanding between the Company and you as it relates to the termination of your employment and your post-employment obligations, and supersede any and all agreements,
understandings, and discussions, whether written or oral, between you and the Company, and any of the Company Entities and Persons. No other promises or agreements shall be binding on the Company unless in writing and signed by both the Company and
you after the date of this Separation Agreement. 
 18. Acceptance of Agreement. You may accept this Separation Agreement
by signing it and returning it to the Chief Administrative Officer, Avaya Inc., 211 Mount Airy Road, Basking Ridge, NJ 07920. The effective date of this Separation Agreement shall be the date it is signed by both parties. provided that the
provisions of In the event you do not accept this Separation Agreement as set forth above, this Separation Agreement, including but not limited to the obligation of the Company to provide the payments and other benefits set forth in section 2, shall
not take effect and will be null and void. 
 19. Miscellaneous. All section headings used in this Separation Agreement
are for convenience only. This Agreement may be executed in counterparts, each of which is an original. 
 20. Execution of
General Release Attached. You agree that, as a condition to your receipt of the payments and benefits set forth in paragraphs 2(a) through 2(c), you will execute the General Release attached hereto as Exhibit A on the Termination Date.
Specifically, you agree that the consideration you are receiving for executing the General Release is the fact that you are remaining on Avaya’s payroll through the Termination Date. 

21. Effective Date of Agreement. This Separation Agreement shall become effective as of the date it is signed by both parties
provided that the payments and consideration set forth in paragraph 2(a) through 2(c) hereinabove shall become effective in accordance with dates set forth paragraph 2(a) of this Separation Agreement. In the event you do not accept this Separation
Agreement as set forth above, this Separation Agreement, including but not limited to the obligation of Avaya to provide the payments and other benefits referred to in paragraphs 2(a) through 2(c) hereinabove, shall be deemed automatically null and
void. 
  

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	Signature:	 	 /s/ Todd Abbott
	 		 	Date: June 18, 2010
		 	Todd Abbott	 		 	
			
	AVAYA INC.	 		 	
				
	By:	 	 /s/ Pamela F. Craven
	 		 	Date: July 1, 2010
				
	Title:	 	Chief Administrative Officer	 		 	

  

 8Sierra Holdings Corp. Amended and Restated 2007 Equity Incentive Plan

 Exhibit 10.2 

SIERRA HOLDINGS CORP. 

AMENDED AND RESTATED 

2007 EQUITY INCENTIVE PLAN 

Effective as of October 26, 2007 

Amended and Restated as of November 1, 2009 
  

	1.	DEFINED TERMS 

 Exhibit A,
which is incorporated by reference, defines the terms used in the Plan and sets forth certain operational rules related to those terms. 
  

	2.	PURPOSE 

 The Plan has
been established to advance the interests of the Company and its Affiliates by providing for the grant to Participants of Stock-based and other incentive Awards. 
  

	3.	ADMINISTRATION 

 The
Administrator has discretionary authority, subject only to the express provisions of the Plan, to interpret the Plan; determine eligibility for and grant Awards, subject only to Section 5 and other express provisions of the Plan; determine,
modify or waive the terms and conditions of any Award; prescribe forms, rules and procedures; and otherwise do all things necessary to carry out the purposes of the Plan. Except as otherwise provided by the express terms of an Award Agreement, all
determinations of the Administrator made under the Plan will be conclusive and will bind all parties. 
  

	4.	LIMITS ON AWARDS UNDER THE PLAN 

(a) Number of Shares. Subject to Section 4(b) and Section 7, a maximum of 49,848,157 shares of Stock may be
delivered in satisfaction of Awards under the Plan. The number of shares of Stock delivered in satisfaction of Awards shall, for purposes of the preceding sentence, be determined net of shares of Stock withheld by the Company under any Award in
payment of any exercise price with respect to such Award. 
 (b) Certain Additional Awards. Reference is made to
the Awards specified on Exhibit B, which represent (i) Stock Options granted in substitution for certain options granted under the Avaya Inc. 2004 Long Term Incentive Plan and the Avaya Inc. 2000 Long Term Incentive Plan (the “Avaya
Plans”), (ii) Awards of Stock Units granted in replacement for certain performance-based restricted stock unit awards granted under the Avaya Plans and (iii) Awards of Restricted Stock Units granted under the Plan (collectively, the
“Additional Awards”). Shares of Stock subject to the Additional Awards shall be in addition to the shares specified in Section 4(a), but if any Additional Award expires unexercised or is satisfied in whole or in part without the
issuance of shares, the shares of Stock previously subject to such Award shall not be available for future grants. 

 (c) Type of Shares. Stock delivered under the Plan may be authorized but
unissued Stock or previously issued Stock acquired by the Company. 
  

	5.	ELIGIBILITY AND PARTICIPATION 

The CEO, subject to the approval of the Administrator, will select Participants from among those key Employees and directors of, and
consultants and advisors to, the Company or its Affiliates who, in the opinion of the CEO, are in a position to make a significant contribution to the success of the Company and its Affiliates. Eligibility for ISOs is limited to employees of the
Company or of a “parent corporation” or “subsidiary corporation” of the Company as those terms are defined in Section 424 of the Code. Eligibility for Stock Options other than ISOs is limited to individuals described in the
first sentence of this Section 5 who are providing direct services on the date of grant of the Stock Option to the Company or to a subsidiary of the Company that would be described in the first sentence of Treas. Regs.
§ 1.409A-1(b)(5)(iii)(E). 
 Stock Options (other than those described in Section 4(b)) covering 39,679,637
shares of Stock shall be granted as soon as practicable after the Closing Date, in three tranches: (i) Stock Options for 25,791,763 shares of Stock subject to the time-based vesting rules set forth in the form of Award set forth in
Exhibit C (ii) Stock Options for 6,943,937 shares of Stock subject to the performance-based vesting rules set forth in the form of Award set forth in Exhibit D and (iii) Stock Options for 6,943,937 shares of Stock subject to the
performance-based vesting rules set forth in Exhibit E. Awards covering any remaining shares available under Section 4(a) during the four-year period beginning on October 26, 2007 shall be allocated and awarded to the persons selected by
the CEO, subject to the approval of the Administrator, with the objective of allocating and awarding any remaining shares of Stock by the end of such four-year period. 
  

	6.	RULES APPLICABLE TO AWARDS 

(a) All Awards 

(1) Award Provisions. The Administrator will determine the terms of all Awards, subject to the limitations provided herein,
and will furnish to each Participant an Award Agreement setting forth the terms applicable to the Participant’s Award. By entering into an Award Agreement, the Participant agrees to the terms of the Award and of the Plan. Notwithstanding any
provision of the Plan to the contrary, awards of an acquired company that are converted, replaced or adjusted in connection with the acquisition may contain terms and conditions that are inconsistent with the terms and conditions specified herein,
as determined by the Administrator. 
 (2) Fair Market Value. In determining the fair market value of any share of
Stock under the Plan, the Administrator shall make the determination, after receiving any recommendation of the CEO (i) if at the applicable reference date the Stock is not readily tradable on an established securities market, in accordance
with Treas. Regs. § 1.409A-1(b)(5)(iv)(B) based on an independent third-party appraisal obtained not less frequently than annually and brought down not less frequently than semi-annually by the Administrator, and (ii) in every other
case, using a methodology permitted under Treas. Regs. § 1.409A-1(b)(5)(iv)(A). 
  

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 (3) Transferability. Neither ISOs, nor, except as specified in the second
sentence of this Section 6(a)(3), other Awards may be transferred other than by will or by the laws of descent and distribution, and during a Participant’s lifetime ISOs (and, except as the Administrator otherwise expressly provides, other
non-transferable Awards requiring exercise) may be exercised only by the Participant, except as otherwise provided in the Management Stockholders’ Agreement. Awards other than ISOs may be transferred to one or more immediate family members or
to one or more trusts, partnerships or other estate planning vehicles for the exclusive benefit of immediate family members that are natural persons, but only if the transferee qualifies as a “family member” as defined in Rule 701(c)(3)
promulgated under the Securities Act of 1933 or in the instructions to Form S-8. 
 (4) Vesting, Etc. The
Administrator may determine the time or times at which an Award will vest or become exercisable and the terms on which a Stock Option will remain exercisable. Without limiting the foregoing, the Administrator may at any time accelerate the vesting
or exercisability of an Award, regardless of any adverse or potentially adverse tax consequences resulting from such acceleration. Unless the Administrator expressly provides otherwise, however, the following rules will apply if a Participant’s
Employment ceases: 
 (A) Immediately upon the cessation of Employment, all Stock Options held by the Participant
or the Participant’s permitted transferees, if any, will immediately cease to be exercisable and will immediately terminate except as otherwise provided at (B), (C) or (D) below, and all other Awards held by the Participant or the
Participant’s permitted transferees, if any, to the extent not already vested, will be immediately forfeited. 

(B ) Subject to (C), (D), and (E) below, all Stock Options held by the Participant or the Participant’s
permitted transferees, if any, immediately prior to the cessation of the Participant’s Employment, to the extent then exercisable, will remain exercisable for the shorter of (i) a period of 30 days or (ii) the period ending on the
latest date on which such Stock Option could have been exercised without regard to this Section 6(a)(4), and will thereupon immediately terminate. 

(C) All Stock Options held by a Participant or the Participant’s permitted transferees, if any, immediately prior to
the Participant’s death, Disability, or Retirement, to the extent then exercisable, will remain exercisable for the shorter of (i) the one year period ending with the first anniversary of the Participant’s death, Disability, or
Retirement, as the case may be, or (ii) the period ending on the latest date on which such Stock Options could have been exercised without regard to this Section 6(a)(4), and will thereupon immediately terminate. 

(D) All Stock Options held by a Participant or the Participant’s permitted transferees, if any, immediately prior to
the termination of the Participant’s Employment by the Company other than for Cause, or by reason of a voluntary termination for Good Reason, to the extent then exercisable, will remain exercisable for the shorter of (i) a period of 90
days, or (ii) the period ending on the latest date on which such Stock Options could have been exercised without regard to this Section 6(a)(4), and will thereupon immediately terminate. 

 

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 (E) For the avoidance of doubt, all Stock Options held
by a Participant or the Participant’s permitted transferees, if any, immediately prior to the cessation of the Participant’s Employment will immediately terminate upon such cessation if such cessation of Employment has resulted in
connection with an act or failure to act constituting Cause. 
 (5) Taxes. The Administrator will make such
provision for the withholding of taxes as it deems necessary. The Administrator may, but need not, hold back shares of Stock from an Award or permit a Participant to tender previously owned shares of Stock in satisfaction of tax withholding
requirements (but not in excess of the applicable minimum statutory withholding rate), except that in the event of an exercise of the Award, or a portion of the Award, in connection with a cessation of Employment as result of death, Disability,
termination without Cause, or voluntary termination for Good Reason, the Participant may elect to have shares of Stock held back by the Company in satisfaction of minimum tax withholding requirements. 

(6) Dividend Equivalents, Etc. To the extent consistent with Section 409A (and with Section 422, in the case of
ISOs), and subject to Section 7(c), the Administrator in its sole discretion may provide for supplemental cash payments in lieu of Stock-based dividends or other distributions to the holder of any Award that is not entitled to share in the
actual dividend or distribution. 
 (7) Rights Limited. Nothing in the Plan will be construed as giving any person
the right to continued Employment with the Company or its Affiliates, or any rights as a stockholder except as to shares of Stock actually issued under the Plan. The loss of existing or potential profit in an Award will not constitute an element of
damages in the event of termination of Employment for any reason, even if the termination is in violation of an obligation of the Company or its Affiliate to the Participant. 

(8) Section 409A. Each Award shall contain such terms as the Administrator determines, and shall be construed and
administered, such that the Award either (i) qualifies for an exemption from the requirements of Section 409A, or (ii) satisfies such requirements. 

(9) Management Stockholders’ Agreement. Unless otherwise specifically provided, all Awards issued under the Plan and
all Stock issued thereunder will be subject to the Management Stockholders’ Agreement. No Award will be granted to a Participant and no Stock will be delivered to a Participant, in either case, until the Participant executes the Management
Stockholders’ Agreement. 
 (b) Additional Rules Applicable to Stock Options 

(1) Time And Manner Of Exercise. Unless the Administrator expressly provides otherwise, a Stock Option will not be
deemed to have been exercised until the Administrator receives a notice of exercise (in form acceptable to the Administrator) signed by the appropriate person and accompanied by any payment required under the Award. If the Award is exercised by any
person other than the Participant, the Administrator may require satisfactory evidence that the person exercising the Award has the right to do so. 
  

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 (2) Exercise Price. The Administrator will determine the
exercise price of each Stock Option. The initial exercise price as so determined by the Administrator shall in no event be less than the Fair Market Value of the Stock. 

(3) Payment Of Exercise Price. The exercise price of a Stock Option shall be paid as follows: (a) by cash or check
acceptable to the Administrator, or (b) on a cashless basis under which shares of Stock otherwise deliverable under the Award and having a Fair Market Value equal to the exercise price are withheld by the Company, or (c) by such other
means, if any, as may be acceptable to the Administrator, (d) following an IPO, subject to restrictions applicable to such Shares, by means of a broker assisted exercise program acceptable to the Administrator, or (e) by any combination of
the foregoing permissible forms of payment. No Stock Option or portion thereof may be exercised unless, at the time of exercise, the Fair Market Value of the shares of Stock subject to such Stock Option or portion thereof exceeds the exercise price
for the Stock Option or such portion. 
 (4) Maximum Term. The maximum term of each Stock Option shall be ten
(10) years from the date of grant. 
 (5) ISOs. No ISO may be granted under the Plan after October 15,
2017, but ISOs previously granted may extend beyond that date. 
 (c) Lawful Consideration 

Awards of Restricted Stock and Unrestricted Stock, whether delivered outright or under Awards of Stock Units, may be made in exchange for
such lawful consideration, including services, as the Administrator determines. 
  

	7.	EFFECT OF CERTAIN TRANSACTIONS 

(a) Mergers, etc. Except as otherwise provided in an Award, the following provisions
shall apply in the event of a Covered Transaction: 
 (1) Assumption or Substitution. If the Covered Transaction
is one in which there is an acquiring or surviving entity, the Administrator may provide for the assumption of some or all outstanding Awards or for the grant of new awards in substitution therefor by the acquiror or survivor or an affiliate of the
acquiror or survivor. 
 (2) Cash-Out of Awards. If the Covered Transaction is one in which holders of Stock will
receive upon consummation a payment (whether cash, non-cash or a combination of the foregoing), the Administrator may provide for payment (a “cash-out”), with respect to some or all Awards or any portion thereof, equal in the case of each
affected Award or portion thereof to the excess, if any, of (A) the Fair Market Value of one share of Stock times the number of shares of Stock subject to the Award or such portion, over (B) the aggregate exercise or purchase price, if
any, under the Award or such portion, in each case on such payment terms (which need not be the same as the terms of payment to holders of Stock) and other terms, and subject to such conditions, as the Administrator determines; provided, that
the Administrator shall not exercise its discretion under this Section 7(a)(2) with respect to an Award or portion thereof providing for “nonqualified deferred compensation” subject to Section 409A in a manner that would
constitute an extension or acceleration of, or other change in, payment terms if such change would be inconsistent with the applicable requirements of Section 409A. 
  

 -5- 

 (3) Acceleration of Certain Awards. If the Covered Transaction (whether or not
there is an acquiring or surviving entity) is one in which there is no assumption, substitution or cash-out, the Administrator may provide that each Award requiring exercise will become exercisable, and the delivery of any shares of Stock remaining
deliverable under each outstanding Award of Stock Units (including Restricted Stock Units and Performance Awards to the extent consisting of Stock Units) will be accelerated and such shares will be delivered, prior to the Covered Transaction, in
each case on a basis that gives the holder of the Award a reasonable opportunity, as determined by the Administrator, following exercise of the Award or the delivery of the shares, as the case may be, to participate as a stockholder in the Covered
Transaction; provided, that to the extent acceleration pursuant to this Section 7(a)(3) of an Award subject to Section 409A would cause the Award to fail to satisfy the requirements of Section 409A, the Award shall not be
accelerated and the Administrator in lieu thereof shall take such steps as are necessary to ensure that payment of the Award is made in a medium other than Stock and on terms that as nearly as possible, but taking into account adjustments required
or permitted by this Section 7, replicate the prior terms of the Award. 
 (4) Termination of Awards Upon
Consummation of Covered Transaction. Each Award will terminate upon consummation of the Covered Transaction, other than the following: (i) Awards assumed pursuant to Section 7(a)(1) above; (ii) Awards converted pursuant to the
proviso in Section 7(a)(3) above into an ongoing right to receive payment other than Stock; and (iii) outstanding shares of Restricted Stock (which shall be treated in the same manner as other shares of Stock, subject to
Section 7(a)(5) below). 
 (5) Additional Limitations. Any share of Stock and any cash or other property
delivered pursuant to Section 7(a)(2) or Section 7(a)(3) above with respect to an Award may, in the discretion of the Administrator, contain such restrictions, if any, consistent with Section 409A, as the Administrator deems
appropriate to reflect any performance or other vesting conditions to which the Award was subject and that did not lapse (and were not satisfied) in connection with the Covered Transaction. In the case of Restricted Stock that does not vest in
connection with the Covered Transaction, the Administrator may require that any amounts delivered, exchanged or otherwise paid in respect of such Stock in connection with the Covered Transaction be placed in escrow or otherwise made subject to such
restrictions as the Administrator deems appropriate to carry out the intent of the Plan. 
 (b) In the event of a Change
of Control (whether or not constituting a Covered Transaction), the Administrator shall provide, to the extent consistent with Section 409A, that any Award continued or assumed in such transaction, and any new award substituted for an Award
that terminates in connection with such transaction, (any of the foregoing, a “Continuing Award”), to the extent not otherwise vested, shall be subject to the following special rule: To the extent the vesting of any Continuing Award
depends on the continued Employment of the Participant and the Participant’s Employment is either (i) involuntarily terminated (other than for Cause) within one year following the Change of Control, or is (ii) voluntarily terminated
by the Participant, within one year following the Change of Control, for Good Reason, any remaining Employment-related vesting conditions shall be treated as having been satisfied immediately prior to such termination. Nothing in this
Section 7(b) shall be construed to affect any performance-based vesting condition to which a Participant’s Award may be subject. 
  

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 (c) Changes In, Distributions With Respect To And Redemptions Of The Stock 

 (1) Basic Adjustment Provisions. In the event of a stock dividend, stock split or combination of shares
(including a reverse stock split), recapitalization or other change in the Company’s capital structure, the Administrator shall make appropriate adjustments to the maximum number of shares specified in Section 4(a) that may be delivered
under the Plan and shall also make appropriate adjustments to the number and kind of shares of stock or securities subject to Awards then outstanding or subsequently granted, any exercise prices relating to Awards and any other provision of Awards
affected by such change. 
 (2) Certain Other Adjustments. The Administrator may also make adjustments of the type
described in Section 7(c)(1) above to take into account distributions to stockholders other than those provided for in Section 7(a) and 7(c)(1), or any other event, if the Administrator determines that adjustments are appropriate to avoid
distortion in the operation of the Plan and to preserve the value of Awards made hereunder, subject to requirements for qualification, including continued qualification, of ISOs under Section 422 and to the requirements of Section 409A.
Without limiting the generality of the foregoing, upon the occurrence of a cash distribution with respect to the Stock that constitutes a “corporate transaction” described at Treas. Regs. §1.424-1(a)(3)(ii) (an “extraordinary
dividend”), as determined by the Administrator, the Administrator will cause the Company to take the following steps with respect to outstanding Stock Options: 

(A) For each such Stock Option that immediately prior to the extraordinary dividend had a per-share exercise price less than the then
per-share Fair Market Value of the Stock, reduce the per-share exercise price following the extraordinary dividend by an amount equal to the lesser of (i) the per-share extraordinary dividend, or (ii) the maximum reduction that can be made
without jeopardizing the Stock Option’s status as an exempt stock right under Section 409A and without otherwise resulting in an acceleration of taxable income under the Stock Option, all as determined by the Administrator. 

(B) For each Stock Option described in (A), the excess, if any, of (A)(i) over (A)(ii) above will be paid in cash to the Option Holder at
the time of the extraordinary dividend or, if later, on the date on which the applicable portion of the Stock Option vests. 

(C) For each outstanding Stock Option not described in (A), any adjustment or distribution will be left to the discretion of the
Administrator. 
 (3) Continuing Application of Plan Terms. References in the Plan to shares of Stock will be
construed to include any stock or securities resulting from an adjustment pursuant to this Section 7. 
  

	8.	LEGAL CONDITIONS ON DELIVERY OF STOCK 

The Company shall use all commercially reasonable efforts to ensure, prior to delivering shares of Stock pursuant to the Plan or removing
any restriction from shares of Stock previously 
  

 -7- 

 
delivered under the Plan, that (a) all legal matters in connection with the issuance and delivery of such shares have been addressed and resolved, and (b) if the outstanding Stock is at
the time of delivery listed on any stock exchange or national market system, the shares to be delivered have been listed or authorized to be listed on such exchange or system upon official notice of issuance. The Company will not be obligated to
deliver any shares of Stock pursuant to the Plan or to remove any restriction from shares of Stock previously delivered under the Plan until the conditions set forth in the preceding sentence have been satisfied and all other conditions of the Award
have been satisfied or waived. If the sale of Stock has not been registered under the Securities Act of 1933, as amended, the Company may require, as a condition to exercise of the Award, such representations or agreements as counsel for the Company
may consider appropriate to avoid violation of such Act. The Company may require that certificates evidencing Stock issued under the Plan bear an appropriate legend reflecting any restriction on transfer applicable to such Stock, and the Company may
hold the certificates pending lapse of the applicable restrictions. 
  

	9.	AMENDMENT AND TERMINATION 

The Administrator may at any time or times amend the Plan or any outstanding Award for any purpose which may at the time be permitted by
law, and may at any time terminate the Plan as to any future grants of Awards; provided, that except as otherwise expressly provided in the Plan the Administrator may not, without the Participant’s consent, alter the terms of an Award so
as to affect adversely the Participant’s rights under the Award, unless the Administrator expressly reserved the right to do so at the time of the Award. Any amendments to the Plan shall be conditioned upon stockholder approval only to the
extent, if any, such approval is required by applicable law (including the Code), as determined by the Administrator. 
  

	10.	OTHER COMPENSATION ARRANGEMENTS 

The existence of the Plan or the grant of any Award will not in any way affect the right of the Company or an Affiliate to Award a person
bonuses or other compensation in addition to Awards under the Plan. 
  

	11.	MISCELLANEOUS 

 (a)
Waiver of Jury Trial. By accepting an Award under the Plan, each Participant waives any right to a trial by jury in any action, proceeding or counterclaim concerning any rights under the Plan and any Award, or under any amendment, waiver,
consent, instrument, document or other agreement delivered or which in the future may be delivered in connection therewith, and agrees that any such action, proceedings or counterclaim shall be tried before a court and not before a jury. By
accepting an Award under the Plan, each Participant certifies that no officer, representative, or attorney of the Company has represented, expressly or otherwise, that the Company would not, in the event of any action, proceeding or counterclaim,
seek to enforce the foregoing waivers. 
 (b) Limitation of Liability. Notwithstanding anything to the contrary in
the Plan, neither the Company, nor any Affiliate, nor the Administrator, nor any person acting on behalf of the Company, any Affiliate, or the Administrator, shall be liable to any Participant or to the

  

 -8- 

 
estate or beneficiary of any Participant or to any other holder of an Award by reason of any acceleration of income, or any additional tax, asserted by reason of the failure of an Award to
satisfy the requirements of Section 422 or Section 409A or by reason of Section 4999 of the Code; provided, that nothing in this Section 11(b) shall limit the ability of the Administrator or the Company to provide by separate
express written agreement with a Participant for a gross-up payment or other payment in connection with any such tax or additional tax. 
  

	12.	ESTABLISHMENT OF SUB-PLANS 

The Board may from time to time establish one or more sub-plans under the Plan for purposes of satisfying applicable blue sky, securities
or tax laws of various jurisdictions. The Board shall establish such sub-plans by adopting supplements to the Plan setting forth (i) such limitations on the Administrator’s discretion under the Plan as the Board deems necessary or
desirable and (ii) such additional terms and conditions not otherwise inconsistent with the Plan as the Board shall deem necessary or desirable. All supplements adopted by the Board shall be deemed to be part of the Plan, but each supplement
shall apply only to Participants within the affected jurisdiction and the Company shall not be required to provide copies of any supplement to Participants in any jurisdiction that is not affected. 

 

	13.	GOVERNING LAW 

 Except as
otherwise provided by the express terms of an Award Agreement or under a sub-plan described in Section 12, the provisions of the Plan and of Awards under the Plan shall be governed by and interpreted in accordance with the laws of the State of
Delaware. 
  

 -9- 

 EXHIBIT A 

Definitions of Terms 

The following terms, when used in the Plan, will have the meanings and be subject to the provisions set forth below: 

“Administrator”: The Board or, if one or more has been appointed, the Committee. The Administrator may delegate
ministerial tasks to such persons as it deems appropriate. In the event of any such delegation, the term “Administrator” shall include the person or persons so delegated to the extent of such delegation. 

“Affiliate”: Any corporation or other entity that is an “Affiliate” of the Company within the meaning
of the Management Stockholders’ Agreement. 
 “Award”: Any or a combination of the following: 

 

	 	(i)	Stock Options, 

  

	 	(ii)	Restricted Stock, 

  

	 	(iii)	Unrestricted Stock, 

  

	 	(iv)	Stock Units, including Restricted Stock Units; and 

  

	 	(v)	Performance Awards. 

“Award Agreement”: A written agreement between the Company and the Participant evidencing the Award. 

“Board”: The Board of Directors of Sierra Holdings Corp. 

“Cause”: In the case of any Participant who is party to an employment or severance-benefit agreement that contains a
definition of “Cause,” the definition set forth in such agreement shall apply with respect to such Participant under the Plan. In the case of any other Participant, “Cause” shall mean a material breach by the Participant of the
Participant’s duties and responsibilities which is not promptly remedied after the Company gives the Participant written notice specifying such breach, or (ii) the commission by the Participant of a felony involving moral turpitude, or
(iii) the commission by the Participant of theft, fraud, material breach of trust or any material act of dishonesty involving the Company or its subsidiaries, or (iv) a significant violation by the Participant of the code of conduct of the
Company or its subsidiaries or of any statutory or common law duty of loyalty to the Company or its subsidiaries. 

“Change of Control”: Acquisition by a person or group, that together with stock held by such person or group,
constitutes “Control of Parent” as defined in the Management Stockholders’ Agreement. 
 “CEO”:
The chief executive officer of the Company. 
  

 -10- 

 “Closing Date”: “Closing Date” as that term is defined in the
Management Stockholders’ Agreement. 
 “Code”: The U.S. Internal Revenue Code of 1986 as from time to time
amended and in effect, or any successor statute as from time to time in effect. References to the Code shall include any regulations promulgated thereunder. 

“Committee”: One or more committees of the Board. 

“Company”: Sierra Holdings Corp. 

“Covered Transaction”: Any of (i) a consolidation, merger, or similar transaction or series of related
transactions, including a sale or other disposition of stock, in which the Company is not the surviving corporation or which results in the acquisition of all or substantially all of the Company’s then outstanding common stock by a single
person or entity or by a group of persons and/or entities acting in concert, (ii) a sale or transfer of all or substantially all the Company’s assets, or (iii) a dissolution or liquidation of the Company. Where a Covered
Transaction involves a tender offer that is reasonably expected to be followed by a merger described in clause (i) (as determined by the Administrator), the Covered Transaction shall be deemed to have occurred upon consummation of the tender
offer. 
 “Disability”: In the case of any Participant who is a party to an employment or
severance-benefit agreement that contains a definition of “Disability,” the definition set forth in such agreement shall apply with respect to such Participant under the Plan. In the case of any other Participant, “Disability”
shall mean a disability that would entitle a Participant to long-term disability benefits under the Company’s long-term disability plan to which the Participant participates. Notwithstanding the foregoing, in any case in which a benefit that
constitutes or includes “nonqualified deferred compensation” subject to Section 409A would be payable by reason of Disability, the term “Disability” shall mean a disability described in Treas. Regs.
Section 1.409A-3(i)(4)(i)(A). 
 “Employee”: Any person who is employed by the Company or an Affiliate.

 “Employment”: A Participant’s employment or other service relationship with the Company and its
Affiliates. Unless the Administrator provides otherwise: A Participant who receives an Award in his or her capacity as an Employee will be deemed to cease Employment when the employee-employer relationship with the Company and its Affiliates ceases.
A Participant who receives an Award in any other capacity will be deemed to continue Employment so long as the Participant is providing services in a capacity described in Section 5. If a Participant’s relationship is with an Affiliate and
that entity ceases to be an Affiliate, the Participant will be deemed to cease Employment when the entity ceases to be an Affiliate unless the Participant transfers Employment to the Company or its remaining Affiliates. In any case where a cessation
of a Participant’s Employment would affect the Participant’s rights to payment under an Award that includes nonqualified deferred compensation subject to 409A, references to cessation of Employment shall be construed to require a
“separation from service” as defined in Section 409A. 
 “Fair Market Value”: fair market value
determined in accordance with Section 6(a)(2). 
  

 -11- 

 “Good Reason”: Unless otherwise defined in an Award Agreement, any of the
following events or conditions occurring without a Participant’s express written consent, unless cured by the Company within thirty (30) days of being notified by a Participant of the event or condition: (i) a material reduction in
the Participant’s base compensation, (ii) a material diminution of a Participant’s position with the Company and its subsidiaries involving a substantial reduction in the scope, nature, and function of the Participant’s duties,
which is typically demonstrated by a reduction in compensation and/or title, (iii) a change of thirty (30) miles or more in the Participant’s principal work location, or (iv) a material reduction in the employee benefits provided
by the Company and its subsidiaries to the Participant, other than any such reduction that affects, or that is similar to a change in benefits that affects, one or more other, similarly situated employees of the Company and its subsidiaries.

 “IPO”: The initial closing of a bona fide firm commitment underwritten public offering of equity shares of
the Company, registered under the Securities Act of 1933, as amended, that results in such shares being traded on a liquid trading market. 

“ISO”: A Stock Option intended to be an “incentive stock option” within the meaning of Section 422 of the
Code. Each option granted pursuant to the Plan will be treated as providing by its terms that it is to be a non-incentive stock option unless, as of the date of grant, it is expressly designated as an ISO. 

“Management Stockholders’ Agreement”: Management Stockholders’ Agreement, dated as of October 26, 2007,
among the Company and certain affiliates, stockholders and Participants. 
 “Participant”: A person who is
granted an Award under the Plan. 
 “Performance Award”: An Award subject to Performance Criteria.

 “Performance Criteria”: Specified criteria the satisfaction of which is a condition for the grant,
exercisability, vesting or full enjoyment of an Award. If a Performance Award so provides, such criteria may be made subject to appropriate adjustments taking into account the effect of significant corporate transactions or similar events for the
purpose of maintaining the probability that the specified criteria will be satisfied. Such adjustments shall be made only in the amount deemed reasonably necessary, after consultation with the Company’s accountants, and the CEO if required by
the Award Agreement, to reflect accurately the direct and measurable effect of such event on such criteria, to the extent required by the Award Agreement. 

“Plan”: The Sierra Holdings Corp. 2007 Equity Incentive Plan as from time to time amended and in effect. 

“Stock Unit”: An unfunded and unsecured promise, denominated in shares of Stock, to deliver Stock or cash measured by
the value of Stock in the future. 
 “Restricted Stock”: An Award of Stock for so long as the Stock remains
subject to restrictions under this Plan or such Award requiring that it be redelivered or offered for sale to the Company if specified conditions are not satisfied. 

 

 -12- 

 “Restricted Stock Unit”: A Stock Unit that is, or as to which the delivery
of Stock or cash in lieu of Stock is, subject to the satisfaction of specified performance or other vesting conditions.” 

“Retirement”: Employment with the Company or any of its subsidiaries under any of the following circumstances or
entitlements: (i) Service Pension under the Avaya Pension Plan for Salaried Employees as defined in that plan; (ii) after attainment of age fifty (50) and fifteen (15) years of service with the Company or any of its subsidiaries.

 “Section 409A”: Section 409A of the Code. 

“Section 422”: Section 422 of the Code. 

“Stock”: Common Stock of the Company, par value $0.001 per share. 

“Stock Option”: An option entitling the recipient to acquire shares of Stock upon payment of the exercise price.

 “Unrestricted Stock”: An Award of Stock not subject to any restrictions under the Plan. 

 

 -13- 

 EXHIBIT B 

 EXHIBIT C 

[Time-based Option Agreement] 
  

 -15- 

 EXHIBIT D 

[MoM Performance-based Option Agreement] 
  

 -16- 

 EXHIBIT E 

[EBITDA Performance-based Option Agreement] 

 

 -17- 

 CALIFORNIA SUPPLEMENT 

Pursuant to Section 12 of the Plan, this supplement has been adopted for purposes of satisfying the requirements of
Section 25102(o) of the California Corporations Code, to the extent applicable. This supplement may be amended by the Administrator without the approval of the Company, as necessary or desirable to comply with California law. Any Awards granted
under the Plan to a Participant who is a resident of the State of California on the date of grant (a “California Participant”) shall be subject to the following additional limitations, terms and conditions, to the extent applicable:

 1. Maximum Duration of Awards. No Award granted to a California Participant will be for a term in excess of 10 years.

 2. Minimum Conversion Period Following Termination. Unless the employment of a California Participant holding an
otherwise vested Stock Option is terminated for Cause, in the event of termination of employment of such Participant, he or she shall have the right to exercise the vested Stock Option as follows: (i) for a period of at least six months from
the date of termination, if termination was caused by such Participant’s death or “permanent and total disability” (within the meaning of Section 22(e)(3) of the Code) and (ii) for a period of at least 30 days from the date
of termination, if termination was caused other than by such Participant’s death or “permanent and total disability” (within the meaning of Section 22(e)(3) of the Code), but in no event later than the latest date on which such
Participant could have exercised such Stock Option in the absence of a termination of employment. 
  

 -18-

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