Document:

EX-10.14

 Exhibit 10.14 

ZAYO GROUP HOLDINGS, INC. 

2014 STOCK INCENTIVE PLAN 

PEFORMANCE-BASED INCENTIVE COMPENSATION PROGRAM 

PART A1 
 The Compensation Committee (the
“Committee”) of the Board of Directors of Zayo Group Holdings, Inc. (the “Company”) has adopted a Performance Compensation Incentive Program (the “PCIP”) that will provide for the quarterly grant equity awards in the
form of restricted stock units (“RSUs”) based upon Company and individual performance. 
 You have been selected to participate in Part A1 of the
PCIP, which is directed toward general employee population. The following is a summary of the terms and conditions of your participation in Part A1 of the PCIP. 

Please note that your participation in the PCIP and the grant of awards to you under the PCIP does not constitute an employment contract, express or implied,
nor impose upon the Company any obligation to employ or continue to employ you. Nothing herein shall interfere with or limit in any way the right of the Company to terminate your employment at any time or for any reason not prohibited by law. In
addition, please note that the Company may amend, suspend or discontinue the PCIP and/or your participation in any part of the PCIP at any time; provided that such amendment, suspension or termination will not affect your rights with respect to any
outstanding awards previously granted to you under the PCIP without your consent. 
 Quarterly Grants 

During your participation in Part A1 of the PCIP, you will eligible to receive awards on a quarterly basis, subject to being employed and in good standing on
the first day of the Measurement Period (as defined below) and remain so through the RSU grant date for such Measurement Period. 
 Awards under Part A1 of
the PCIP are determined based upon the Company’s Equity IRR (as defined below) performance over a three quarter period (including two actual and one forecasted quarter) in which the second actual quarter precedes the quarter of the grant date
(“Measurement Period”), with the first award to be granted based upon the Company’s Equity IRR performance through the actual second quarter of FY 2015. 

Your annual target award value under Part A1 of the PCIP will be $         (the “Target Award”), 25% of
which amount will be the target for each respective fiscal quarter. 
 Structure of Part A1 Awards 

Awards earned under Part A1 of the PCIP will be payable in the form of RSUs; provided, however, that the Company may, in its sole discretion, elect to pay
earned Part A1 awards in cash rather than RSUs. RSUs awarded pursuant to Part A1 of the PCIP represent the right to receive, upon vesting, shares of the Company’s common stock. All RSUs awarded under the PCIP will be granted pursuant to the
terms and conditions of the Company’s 2014 Stock Incentive Plan (the “Stock Plan”) and a form of Restricted Stock Unit award agreement adopted under the Stock Plan to evidence the grant of RSUs awarded under Part A of the PCIP and
included as Exhibit A hereto. 

 As set forth in more detail in the Restricted Stock Unit award agreement, RSUs granted in respect of Part A1 of
the PCIP will vest, subject to continued employment with the Company, in full on the last day of the fourth fiscal quarter ending after the grant date of the RSU. For example, an RSU awarded in respect of Part A1 of the PCIP in February 2015 for the
Measurement Period through actual results of the second fiscal quarter of FY 2015, will 100% cliff vest and convert to shares of the Company’s common stock, subject to continued employment, on March 31, 2016 or the next following business
day. 
 Measurement of Part A1 Awards 
 For each fiscal
quarter, you will have the opportunity to earn an award with an aggregate value equal to up to 200% of the quarterly amount of your annual Target Award. The amount actually earned will be based upon (i) the aggregate Company Part A1 RSU pool
funding as determined by the Committee in its sole discretion and (ii) your individual payout as determined by Management in its sole discretion. 

The Committee will evaluate the Company and the Part A1 RSU pool funding (from which any individual participant’s grant would be funded) based upon the
Company’s Equity IRR (as defined below) for the applicable Measurement Period. While the Committee’s determination of the Company’s aggregate payout will be guided by the table below, the will take other factors into consideration and
ultimately retains sole discretion in its determination. 
  

			
	 Equity IRR
	  	 Payout % of Aggregate
Target Value

	 40%
	  	200%
	 30%
	  	150%
	 20%
	  	100%
	 10%
	  	50%
	 <6%
	  	25%*

 Note that 25% is simply the floor at which the Part A1 RSU pool may be allocated. No individual participant in Part A1 of the
PCIP has any guaranteed right to a minimum or any payment thereunder. 
 Your individual participant payout may range from 0% to 200% of your Target Award
for the quarter, as determined by Management at its sole discretion. Factors may include Company, group and individual performance and results. 
 For
purposes of the PCIP, “Equity IRR” for any Measurement Period means: the percentage increase in the Company’s Equity Value as measured over the Measurement Period – where the fiscal quarter prior to the Measurement Period acts as
the base period, and the final forecasted fiscal quarter of the Measurement Period is the ending period. For purposes of the PCIP, “Equity 

  
 2 

 
Value” means the Company’s estimated enterprise value plus cash balance minus debt outstanding (“Net Debt”), with Adjusted EBITDA and Net Debt determined based upon the
Company’s publicly-reported financial statements for any actual fiscal quarter and the final forecasted Adjusted EBITDA and Net Debt for any forecasted fiscal quarter as presented to the Committee. 

Form of Payment of Part A1 Awards 
 As described above,
your Earned Award (as determined by either the Committee in its sole discretion or management pursuant to a delegation of authority from the Committee) pursuant to Part A1 of the PCIP for any fiscal quarter will generally be paid form of RSUs (to be
granted promptly following the determination of the Earned Award). The number of RSUs awarded for any fiscal quarter will equal your Earned Award and divided by the average closing price of the Company’s common stock over the last ten
(10) trading days of the fiscal quarter ending immediately prior to the grant date. 
 PART B 

The Compensation Committee (the “Committee”) of the Board of Directors of Zayo Group Holdings, Inc. (the “Company”) has adopted a
Performance Compensation Incentive Program (the “PCIP”) that will provide for the quarterly grant equity awards in the form of restricted stock units (“RSUs”) based upon Company and individual performance. 

You have been selected to participate in Part B of the PCIP, which is directed toward members of the Company’s senior management group. The following is
a summary of the terms and conditions of your participation in Part B of the PCIP. 
 Please note that your participation in the PCIP and the grant of
awards to you under the PCIP does not constitute an employment contract, express or implied, nor impose upon the Company any obligation to employ or continue to employ you. Nothing herein shall interfere with or limit in any way the right of the
Company to terminate your employment at any time or for any reason not prohibited by law. In addition, please note that the Company may amend, suspend or discontinue the PCIP and/or your participation in any part of the PCIP at any time; provided
that such amendment, suspension or termination will not affect your rights with respect to any outstanding awards previously granted to you under the PCIP without your consent. 

Quarterly Grants 
 During your participation in Part B of
the PCIP, you will eligible to receive awards on a quarterly basis, subject to being employed and in good standing on the first day of the Measurement Period (as defined below) and remain so through the RSU vesting date for such Measurement Period.

 The aggregate target and maximum value of awards available on a quarterly basis to Part B participants under the under Part B of the PCIP shall be
determined by the Committee in its sole discretion. Part B participants – and each participant’s percentage participation in the quarterly target value – shall also be determined by the Committee in its sole discretion based upon any
factors it deems relevant. Awards under Part B of the PCIP will then be communicated to 

  
 3 

 
participants. The first awards under Part B of the PCIP are anticipated to be granted immediately following the consummation of the Company’s initial public offering. Note that an
employee’s participation and percentage participation in any quarterly award is not a guarantee of future quarterly participation or awards. 

Structure of Part B Awards 
 Awards under Part B of the
PCIP will be payable solely in the form of RSUs. RSUs awarded pursuant to Part B of the PCIP will be granted pursuant to the Stock Plan and a form of Restricted Stock Unit award agreement adopted under the Stock Plan to evidence the grant of RSUs
awarded under Part B of the PCIP and included as Exhibit B hereto. 
 As set forth in more detail in the Restricted Stock Unit award agreement, RSUs granted
in respect of Part B of the PCIP will vest (if at all), subject to continued employment with the Company and Company stock price performance, on the last day of the fourth full fiscal quarter ending after the grant date of the RSU (such four fiscal
quarter period the “Performance Period”). For example, an RSU awarded in respect of Part B of the PCIP near the beginning of the fourth quarter of FY 2015, will 100% cliff vest (if at all), subject to continued employment and Company stock
price performance, on the last day of the third quarter of FY 2016 (March 31, 2016). 
 Measurement of Part B Awards 

The ultimate number of RSUs earned under Part B RSU awards, if any, will be determined following the end of the Performance Period to which such RSUs relate
and based on the Company’s stock price performance over the Performance Period. The following table set forth the payout percentage, expressed as a percentage of the target dollar value allocated to you, which may be earned by you under Part B
of the PCIP based upon the Company’s stock price performance over the Performance Period (calculated in the manner set forth below): 
  

					
	 Stock Price
Performance Range
	  	 Payout % of Target at
Top of Range
	  	 % Increase In Payout
Within Range

	 40% and above
	  	450%	  	—  
	 31% to 40%
	  	450%	  	20.00%
	 21% to 30%
	  	250%	  	15.00%
	 11% to 20%
	  	100%	  	9.50%
	 6% to 10%
	  	5%	  	1.25%
	 0 to 6%
	  	0	  	—  

 Examples: The payout percentage increases by 15% for every 1% increase in stock price performance above 20% and up to 30%. The
payout percentage increases by 1.25% for every 1% increase in stock price performance above 6% and up to 10%. There is no payout under the Award if stock price performance is at or below 6%. 

For purposes of the Part B RSUs and the table above, “stock price performance” will be calculated as the percentage increase in the Company’s
stock price from the beginning to the end of the Performance Period, adjusted for dividends paid during the Performance Period (assuming such dividends are reinvested in the Common Stock on the dividend payment date). For

  
 4 

 
purposes of this calculation, the Company’s stock price at the beginning of the Performance Period shall be $             (the IPO
price) for the first grant post-IPO and, for subsequent awards, the average closing price of the Company’s common stock over the ten (10) trading day period ending on the trading day immediately preceding the first day of the Performance
Period, and the Company’s stock price at the end of the Performance Period shall be the average closing price of the Common Stock over the ten (10) trading day period ending on the last trading day of the Performance Period. 

The actual target number of Part B RSUs awarded to you in any quarter will be determined by first looking at the Company’s stock price at the beginning
of the applicable Performance Period and projecting what the Company’s stock price would need to be at the end of the Performance Period in order for the Company to have achieved stock price performance of 20% (assuming reinvestment of any
dividend payments scheduled (as of the date of grant) to be made during the Performance Period). Your target number of Part B RSUs would then equal the target dollar value allocated for your Part B RSU award for the applicable quarter divided by
this ending stock price. In addition, each of the performance hurdles described in the stock price performance table above would be converted from a percentage of the target dollar value allocated to you, to a percentage of the target number of Part
B RSUs eligible to be earned based on such stock price performance, with the maximum number of Part B RSUs eligible to be earned capped at a number of RSUs equal to 450% of the target dollar value allocated for your Part B RSU award divided by the
ending stock price described above in this paragraph. 

  
 5EX-10.15

 Exhibit 10.15 

ZAYO GROUP HOLDINGS, INC. 

2014 STOCK INCENTIVE PLAN 
 1. Purpose.
The purpose of the Zayo Group Holdings, Inc. 2014 Stock Incentive Plan (the “Plan”) is to promote and closely align the interests of employees and non-employee directors of Zayo Group Holdings, Inc. (the “Company”) and its
stockholders by providing stock-based compensation and other performance-based compensation. The objectives of the Plan are to attract and retain the best available personnel for positions of substantial responsibility, to provide additional
incentive to Participants and to optimize the profitability and growth of the Company through incentives that are consistent with the Company’s goals and that link the personal interests of Participants to those of the Company’s
stockholders. The Plan provides for the grant of Options, Stock Appreciation Rights, Restricted Stock Units and Restricted Stock, any of which may be performance-based, and for Incentive Bonuses, which may be paid in cash or stock or a combination
thereof, as determined by the Committee. 
 2. Definitions. As used in the Plan, the following terms shall have the meanings set forth below: 

(a) “Affiliate” means any entity in which the Company has a substantial direct or indirect equity interest, as determined by the
Committee from time to time. 
 (b) “Act” means the Securities Exchange Act of 1934, as amended, or any successor thereto. 

(c) “Award” means an Option, Stock Appreciation Right, Restricted Stock Unit, Restricted Stock or Incentive Bonus granted to a
Participant pursuant to the provisions of the Plan. 
 (d) “Award Agreement” means a written or electronic agreement or other
instrument as may be approved from time to time by the Committee and designated as such implementing the grant of each Award. An Award Agreement may be in the form of an agreement to be executed by both the Participant and the Company (or an
authorized representative of the Company) or certificates, notices or similar instruments as approved by the Committee and designated as such. 

(e) “Board” means the board of directors of the Company. 

(f) “Cause” means a Participant’s Termination of Employment by the Company or an Affiliate by reason of the Participant’s
(i) dishonesty of a material nature with respect to the Company (including, but not limited to, theft or embezzlement of the Company’s or any of its Subsidiaries’ funds or assets); (ii) conviction of, or guilty plea or no contest
plea, to a felony charge or any misdemeanor involving moral turpitude, or the entry of a consent decree with any governmental body; (iii) noncompliance in any material respect with any laws or regulations, foreign or domestic, affecting the
operation of the Company’s or any of its Subsidiaries’ business, if such noncompliance is likely to have a material adverse effect on the Company or any of its Subsidiaries; (iv) violation of any express direction or any rule,
regulation or policy established by the Board, which violation, if reasonably susceptible to cure, is not cured within ten (10) days of written notice thereof from the Board (or, if such violation cannot feasibly be

 
cured within said 10-day period and the Participant has not cured such violation within a reasonable amount of time after using best efforts), and if such violation is likely to have a material
adverse effect on the Company or any of its Subsidiaries; (v) material breach of the Participant’s fiduciary duties to the Company or any of its Subsidiaries; or (vi) gross incompetence, gross neglect, or gross misconduct in the
performance of the Participant’s duties. A Participant’s employment or service will be deemed to have been terminated for Cause if it is determined subsequent to his or her Termination of Employment that grounds for his or her Termination
of Employment for Cause existed at the time of his or her Termination of Employment. 
 (g) “Code” means the Internal Revenue Code
of 1986, as amended from time to time, and the rulings and regulations issues thereunder. 
 (h) “Committee” means the
Compensation Committee of the Board (or any successor committee), or such other committee as designated by the Board to administer the Plan under Section 6. 

(i) “Common Stock” means the common stock of the Company, par value $0.001 a share, or such other class or kind of shares or other
securities as may be applicable under Section 14. 
 (j) “Company” means Zayo Group Holdings, Inc., a Delaware corporation.

 (k) “Dividend Equivalents” mean an amount payable in cash or Common Stock, as determined by the Committee, with respect to a
Restricted Stock Unit Award equal to what would have been received if the shares underlying the Award had been owned by the Participant. 

(l) “Effective Date” means the date on which the Plan takes effect, as defined pursuant to Section 4 of the Plan. 

(m) “Eligible Person” any employee or non-employee director the Company or any of its Subsidiaries; provided however that Incentive
Stock Options may only be granted to employees. 
 (n) “Fair Market Value” means as of any date, the value of the Common Stock
determined as follows: (i) if the Common Stock is listed on any established stock exchange, system or market, its Fair Market Value shall be the closing price for the Common Stock as quoted on such exchange, system or market as reported in the
Wall Street Journal or such other source as the Committee deems reliable on that date or, if such date is not a trading date, the next preceding trading date; and (ii) in the absence of an established market for the Common Stock, the Fair
Market Value thereof shall be determined in good faith by the Committee by the reasonable application of a reasonable valuation method, taking into account factors set forth in Treas. Reg. § 409A-1(b)(5)(iv)(B) as the Committee deems
appropriate. 
 (o) “Incentive Bonus” means a bonus opportunity awarded under Section 11 pursuant to which a Participant may
become entitled to receive an amount based on satisfaction of such performance criteria established for a specified performance period as specified in the Award Agreement. 

  
 2 

 (p) “Incentive Stock Option” means a stock option that is designated as potentially
eligible to qualify as an “incentive stock option” within the meaning of Section 422 of the Code. 
 (q) “Nonqualified
Stock Option” means a stock option that is not intended to qualify as an “incentive stock option” within the meaning of Section 422 of the Code. 

(r) “Option” means a right to purchase a number of shares of Common Stock at such exercise price, at such times and on such other
terms and conditions as are specified in or determined pursuant to an Award Agreement. Options granted pursuant to the Plan may be Incentive Stock Options or Nonqualified Stock Options. 

(s) “Participant” means any individual described in Section 3 to whom Awards have been granted from time to time by the
Committee and any authorized transferee of such individual. 
 (t) “Plan” means the Zayo Group Holdings, Inc. 2014 Stock Incentive
Plan as set forth herein and as amended from time to time. 
 (u) “Restricted Stock” means an Award or issuance of Common Stock
the grant, issuance, retention, vesting and/or transferability of which is subject during specified periods of time to such conditions (including continued employment or service or performance conditions) and terms as the Committee deems
appropriate. 
 (v) “Restricted Stock Unit” means an Award denominated in units of Common Stock under which the issuance of shares
of Common Stock (or cash payment in lieu thereof) is subject to such conditions (including continued employment or service or performance conditions) and terms as the Committee deems appropriate. 

(w) “Separation from Service” or “Separates from Service” means the termination of Participant’s employment with the
Company and all Subsidiaries that constitutes a “separation from service” within the meaning of Section 409A of the Code. 

(x) “Stock Appreciation Right” means a right granted that entitles the Participant to receive, in cash or Common Stock or a
combination thereof, as determined by the Committee, value equal to the excess of (i) the Fair Market Value of a specified number of shares of Common Stock at the time of exercise over (ii) the exercise price of the right, as established
by the Committee on the date of grant. 
 (y) “Subsidiary” means any business association (including a corporation or a
partnership, other than the Company) in an unbroken chain of such associations beginning with the Company if each of the associations other than the last association in the unbroken chain owns equity interests (including stock or partnership
interests) possessing 50% or more of the total combined voting power of all classes of equity interests in one of the other associations in such chain. 

(z) “Substitute Awards” means Awards granted or Common Stock issued by the Company in assumption of, or in substitution or exchange
for, awards previously granted, or the right or obligation to make future awards, by a company acquired by the Company or any Subsidiary or with which the Company or any Subsidiary combines. 

  
 3 

 (aa) “Termination of Employment” means ceasing to serve as an employee of the Company
and its Subsidiaries or, with respect to a non-employee director, ceasing to serve as such for the Company, except that with respect to all or any Awards held by a Participant (i) the Committee may determine that a leave of absence or
employment on a less than full-time basis is considered a “Termination of Employment,” (ii) the Committee may determine that a transition of employment to service with a partnership, joint venture or corporation not meeting the
requirements of a Subsidiary in which the Company or a Subsidiary is a party is not considered a “Termination of Employment,” (iii) service as a member of the Board shall constitute continued employment with respect to Awards granted
to a Participant while he or she served as an employee and (iv) service as an employee of the Company or a Subsidiary shall constitute continued employment with respect to Awards granted to a Participant while he or she served as a member of
the Board. The Committee shall determine whether any corporate transaction, such as a sale or spin-off of a division or Subsidiary that employs a Participant, shall be deemed to result in a Termination of Employment with the Company and its
Subsidiaries for purposes of any affected Participant’s Awards, and the Committee’s decision shall be final and binding. 
 3. Eligibility.
Any Eligible Person is eligible to receive an Award. 
 4. Effective Date and Termination of Plan. This Plan became effective on [DATE]
(the “Effective Date”). The Plan shall remain available for the grant of Awards until the tenth (10th) anniversary of the Effective Date. Notwithstanding the foregoing, the Plan may be terminated at such earlier time as the Board may
determine. Termination of the Plan will not affect the rights and obligations of the Participants and the Company arising under Awards theretofore granted. 

5. Shares Subject to the Plan and to Awards 

(a) Aggregate Limits. The aggregate number of shares of Common Stock issuable under the Plan shall be equal to fourteen
(14) million. Commencing with the first business day of each fiscal year of the Company, beginning with the Company’s fiscal year following the fiscal year in which the Effective Date occurs, the number of shares of Common Stock available
for issuance under the Plan shall be increased by a number equal to the lesser of (A) a number of shares of Common Stock that when added to the total number of shares of Common Stock available for issuance pursuant to new Awards under the Plan
(excluding from this calculation shares then subject to outstanding Awards) on the last day of the immediately preceding fiscal year of the Company would result in a total of number of shares available for issuance pursuant to new Awards under the
Plan equal to six percent (6%) of the number of shares of Common Stock outstanding on the last day of the immediately preceding fiscal year of the Company, calculated on a fully diluted basis or (B) such lesser number of shares as
determined by the Board. The aggregate number of shares of Common Stock available for grant under this Plan at the time of any event described in Section 14 and the number of shares of Common Stock subject to Awards outstanding at the time of
any event described in Section 14 shall be subject to adjustment as provided in Section 14. The shares of Common Stock issued pursuant to Awards granted under this Plan may be shares that are authorized and unissued or shares that were
reacquired by the Company, including shares purchased in the open market. 

  
 4 

 (b) Issuance of Shares. For purposes of Section 5(a), the aggregate number of shares
of Common Stock issued under this Plan at any time shall equal only the number of shares of Common Stock actually issued upon exercise or settlement of an Award, and shares of Common Stock subject to Awards that have been canceled, expired,
forfeited or otherwise not issued under an Award and shares of Common Stock subject to Awards settled in cash shall not count as shares of Common Stock issued under this Plan. The aggregate number of shares available for issuance under this Plan at
any time shall not be reduced by (i) shares subject to Awards that have been terminated, expired unexercised, forfeited or settled in cash, (ii) shares subject to Awards that have been retained or withheld by the Company in payment or
satisfaction of the exercise price, purchase price or tax withholding obligation of an Award, or (iii) shares subject to Awards that otherwise do not result in the issuance of shares in connection with payment or settlement thereof. In
addition, shares that have been delivered (either actually or by attestation) to the Company in payment or satisfaction of the exercise price, purchase price or tax withholding obligation of an Award shall be available for issuance under this Plan.

 (c) Tax Code Limits. The aggregate number of shares of Common Stock that may be issued pursuant to the exercise of Incentive Stock
Options granted under this Plan shall be equal to fourteen (14) million, which number shall be adjusted pursuant to Section 14 only to the extent that such adjustment will not affect the status of any option intended to qualify as an
Incentive Stock Option under Section 422 of the Code. 
 (d) Substitute Awards. Substitute Awards shall not reduce the shares of
Common Stock authorized for issuance under the Plan or authorized for grant to a Participant in any calendar year. Additionally, in the event that a company acquired by the Company or any Subsidiary, or with which the Company or any Subsidiary
combines, has shares available under a pre-existing plan approved by stockholders and not adopted in contemplation of such acquisition or combination, the shares available for grant pursuant to the terms of such pre-existing plan (as adjusted, to
the extent appropriate, using the exchange ratio or other adjustment or valuation ratio or formula used in such acquisition or combination to determine the consideration payable to the holders of common stock of the entities party to such
acquisition or combination) may be used for Awards under the Plan and shall not reduce the shares of Common Stock authorized for issuance under the Plan; provided that Awards using such available shares shall not be made after the date awards or
grants could have been made under the terms of the pre-existing plan, absent the acquisition or combination, and shall only be made to individuals who were employees of such acquired or combined company before such acquisition or combination. 

6. Administration of the Plan 
 (a)
Administrator of the Plan. The Plan shall be administered by the Committee. The Board shall fill vacancies on, and from time to time may remove or add members to, the Committee. The Committee shall act pursuant to a majority vote or unanimous
written consent. Any power of the Committee may also be exercised by the Board, except to the extent that the grant or exercise of such authority would cause any Award or transaction to become subject to (or lose an exemption under) the short-swing
profit recovery provisions of Section 16 of the Securities Exchange Act of 1934 or cause an Award intended to qualify as performance-based compensation under Section 162(m) of the Code not to qualify for such treatment. To the extent that
any permitted action taken by the Board conflicts with action taken by the Committee, the 

  
 5 

 
Board action shall control. To the maximum extent permissible under applicable law, the Committee (or any successor) may by resolution delegate any or all of its authority to one or more
subcommittees composed of one or more directors and/or officers, and any such subcommittee shall be treated as the Committee for all purposes under this Plan. Notwithstanding the foregoing, if the Board or the Committee (or any successor) delegates
to a subcommittee comprised of one or more officers of the Company (who are not also directors) the authority to grant Awards, the resolution so authorizing such subcommittee shall specify the total number of shares of Common Stock such subcommittee
may award pursuant to such delegated authority, and no such subcommittee shall designate any officer serving thereon or any executive officer or non-employee director of the Company as a recipient of any Awards granted under such delegated
authority. The Committee hereby delegates to and designates the senior human resources officer of the Company (or such other officer with similar authority), and to his or her delegates or designees, the authority to assist the Committee in the
day-to-day administration of the Plan and of Awards granted under the Plan, including without limitation the power to execute agreements evidencing Awards made under this Plan or other documents entered into under this Plan on behalf of the
Committee or the Company. The Committee may further designate and delegate to one or more additional officers or employees of the Company or any subsidiary, and/or one or more agents, authority to assist the Committee in any or all aspects of the
day-to-day administration of the Plan and/or of Awards granted under the Plan. 
 (b) Powers of Committee. Subject to the express
provisions of this Plan, the Committee shall be authorized and empowered to do all things that it determines to be necessary or appropriate in connection with the administration of this Plan, including, without limitation: 

(1) to prescribe, amend and rescind rules and regulations relating to this Plan and to define terms not otherwise defined herein; 

(2) to determine which persons are Eligible Persons, to which of such Eligible Persons, if any, Awards shall be granted hereunder and the
timing of any such Awards; 
 (3) to prescribe and amend the terms of the Award Agreements, to grant Awards and determine the terms and
conditions thereof; 
 (4) to establish and verify the extent of satisfaction of any performance goals or other conditions applicable to the
grant, issuance, retention, vesting, exercisability or settlement of any Award; 
 (5) to prescribe and amend the terms of or form of any
document or notice required to be delivered to the Company by Participants under this Plan; 
 (6) to determine the extent to which
adjustments are required pursuant to Section 14; 
 (7) to interpret and construe this Plan, any rules and regulations under this Plan
and the terms and conditions of any Award granted hereunder, and to make exceptions to any such provisions if the Committee, in good faith, determines that it is appropriate to do so; 

  
 6 

 (8) to approve corrections in the documentation or administration of any Award; and 

(9) to make all other determinations deemed necessary or advisable for the administration of this Plan. 

The Committee may, in its sole and absolute discretion, without amendment to the Plan, but subject to the limitations otherwise set forth in Section 18,
waive or amend the operation of Plan provisions respecting exercise after Termination of Employment with the Company or an Affiliate. The Committee or any member thereof may, in its sole and absolute discretion and, except as otherwise provided in
Section 18, waive, settle or adjust any of the terms of any Award so as to avoid unanticipated consequences or address unanticipated events (including any temporary closure of an applicable stock exchange, disruption of communications or
natural catastrophe). 
 (c) Determinations by the Committee. All decisions, determinations and interpretations by the Committee
regarding the Plan, any rules and regulations under the Plan and the terms and conditions of or operation of any Award granted hereunder, shall be final and binding on all Participants, beneficiaries, heirs, assigns or other persons holding or
claiming rights under the Plan or any Award. The Committee shall consider such factors as it deems relevant, in its sole and absolute discretion, to making such decisions, determinations and interpretations including, without limitation, the
recommendations or advice of any officer or other employee of the Company and such attorneys, consultants and accountants as it may select. Members of the Board and members of the Committee acting under the Plan shall be fully protected in relying
in good faith upon the advice of counsel and shall incur no liability except for gross negligence or willful misconduct in the performance of their duties. 

(d) Subsidiary Awards. In the case of a grant of an Award to any Participant employed by a Subsidiary, such grant may, if the Committee
so directs, be implemented by the Company issuing any subject shares of Common Stock to the Subsidiary, for such lawful consideration as the Committee may determine, upon the condition or understanding that the Subsidiary will transfer the shares of
Common Stock to the Participant in accordance with the terms of the Award specified by the Committee pursuant to the provisions of the Plan. Notwithstanding any other provision hereof, such Award may be issued by and in the name of the Subsidiary
and shall be deemed granted on such date as the Committee shall determine. 
 7. Awards 

(a) Terms Set Forth in Award Agreement. Awards may be granted at any time and from time to time prior to the termination of the Plan to
Eligible Persons as determined by the Committee. The terms and conditions of each Award shall be set forth in an Award Agreement in a form approved by the Committee for such Award, which Award Agreement may contain such terms and conditions as
specified from time to time by the Committee, provided such terms and conditions do not conflict with the Plan. The Award Agreement for any Award (other than Restricted Stock awards) shall include the time or times at or within which and the
consideration, if any, for which any shares of Common Stock may be acquired from the Company. The terms of Awards may vary among Participants, and the Plan does not impose upon the Committee any requirement to make Awards subject to uniform terms.
Accordingly, the terms of individual Award Agreements may vary. 

  
 7 

 (b) Rights of a Stockholder. A Participant shall have no rights as a stockholder with
respect to shares of Common Stock covered by an Award (including voting rights) until the date the Participant becomes the holder of record of such shares of Common Stock. No adjustment shall be made for dividends or other rights for which the
record date is prior to such date, except as provided in Section 10(b) or Section 14 of this Plan or as otherwise provided by the Committee. 

8. Options 
 (a) Grant, Term and
Price. The grant, issuance, retention, vesting and/or settlement of any Option shall occur at such time and be subject to such terms and conditions as determined by the Committee or under criteria established by the Committee, which may include
conditions based on continued employment or service, passage of time, attainment of age and/or service requirements, and/or satisfaction of performance conditions. The term of an Option shall in no event be greater than ten (10) years;
provided, however, the term of an Option (other than an Incentive Stock Option) shall be automatically extended if, at the time of its scheduled expiration, the Participant holding such Option is prohibited by law or the Company’s insider
trading policy from exercising the Option, which extension shall expire on the thirtieth (30th) day following the date such prohibition no longer applies. The Committee will establish the price at which Common Stock may be purchased upon
exercise of an Option, which, in no event will be less than the Fair Market Value of such shares on the date of grant; provided, however, that the exercise price per share of Common Stock with respect to an Option that is granted as a Substitute
Award may be less than the Fair Market Value of the shares of Common Stock on the date such Option is granted if such exercise price is based on a formula set forth in the terms of the options held by such optionees or in the terms of the agreement
providing for such merger or other acquisition that satisfies the requirements of (i) Section 409A of the Code, if such options held by such optionees are not intended to qualify as “incentive stock options” within the meaning of
Section 422 of the Code, and (ii) Section 424(a) of the Code, if such options held by such optionees are intended to qualify as “incentive stock options” within the meaning of Section 422 of the Code. The exercise price
of any Option may be paid in cash or such other method as determined by the Committee, including an irrevocable commitment by a broker to pay over such amount from a sale of the Shares issuable under an Option, the delivery of previously owned
shares of Common Stock or withholding of shares of Common Stock deliverable upon exercise. 
 (b) No Repricing without Stockholder
Approval. Other than in connection with a change in the Company’s capitalization (as described in Section 14), the Committee shall not, without stockholder approval, reduce the exercise price of a previously awarded Option and, at any
time when the exercise price of a previously awarded Option is above the Fair Market Value of a share of Common Stock, the Committee shall not, without stockholder approval, cancel and re-grant or exchange such Option for cash or a new Award with a
lower (or no) exercise price. 
 (c) No Reload Grants. Options shall not be granted under the Plan in consideration for and shall not
be conditioned upon the delivery of shares of Common Stock to the Company in payment of the exercise price and/or tax withholding obligation under any other employee stock option. 

  
 8 

 (d) Incentive Stock Options. Notwithstanding anything to the contrary in this
Section 8, in the case of the grant of an Option intending to qualify as an Incentive Stock Option, if the Participant owns stock possessing more than 10 percent of the combined voting power of all classes of stock of the Company (a “10%
Stockholder”), the exercise price of such Option must be at least 110 percent of the Fair Market Value of the shares of Common Stock on the date of grant and the Option must expire within a period of not more than five (5) years from the
date of grant. Notwithstanding anything in this Section 8 to the contrary, options designated as Incentive Stock Options shall not be eligible for treatment under the Code as Incentive Stock Options (and will be deemed to be Nonqualified Stock
Options) to the extent that either (a) the aggregate Fair Market Value of shares of Common Stock (determined as of the time of grant) with respect to which such Options are exercisable for the first time by the Participant during any calendar
year (under all plans of the Company and any Subsidiary) exceeds $100,000, taking Options into account in the order in which they were granted, or (b) such Options otherwise remain exercisable but are not exercised within three (3) months
(or such other period of time provided in Section 422 of the Code) of separation of service (as determined in accordance with Section 3401(c) of the Code and the regulations promulgated thereunder). 

(e) No Stockholder Rights. Participants shall have no voting rights and will have no rights to receive dividends or Dividend
Equivalents in respect of an Option or any shares of Common Stock subject to an Option until the Participant has become the holder of record of such shares. 

9. Stock Appreciation Rights 
 (a)
General Terms. The grant, issuance, retention, vesting and/or settlement of any Stock Appreciation Right shall occur at such time and be subject to such terms and conditions as determined by the Committee or under criteria established by the
Committee, which may include conditions based on continued employment or service, passage of time, attainment of age and/or service requirements, and/or satisfaction of performance conditions. Stock Appreciation Rights may be granted to Participants
from time to time either in tandem with or as a component of Options granted under the Plan (“tandem SARs”) or not in conjunction with other Awards (“freestanding SARs”). Upon exercise of a tandem SAR as to some or all of the
shares covered by the grant, the related Option shall be canceled automatically to the extent of the number of shares covered by such exercise. Conversely, if the related Option is exercised as to some or all of the shares covered by the grant, the
related tandem SAR, if any, shall be canceled automatically to the extent of the number of shares covered by the Option exercise. Any Stock Appreciation Right granted in tandem with an Option may be granted at the same time such Option is granted or
at any time thereafter before exercise or expiration of such Option, provided that the Fair Market Value of Common Stock on the date of the SAR’s grant is not greater than the exercise price of the related Option. All freestanding SARs shall be
granted subject to the same terms and conditions applicable to Options as set forth in Section 8 and all tandem SARs shall have the same exercise price as the Option to which they relate. Subject to the provisions of Section 8 and the
immediately preceding sentence, the Committee may impose such other conditions or restrictions on any Stock Appreciation Right as it shall deem appropriate. Stock Appreciation Rights may be settled in Common Stock, cash, Restricted Stock or a
combination thereof, as determined by the Committee and set forth in the applicable Award Agreement. 

  
 9 

 (b) No Repricing without Stockholder Approval. Other than in connection with a change in
the Company’s capitalization (as described in Section 14), the Committee shall not, without stockholder approval, reduce the exercise price of a previously awarded Stock Appreciation Right and, at any time when the exercise price of a
previously awarded Stock Appreciation Right is above the Fair Market Value of a share of Common Stock, the Committee shall not, without stockholder approval, cancel and re-grant or exchange such Stock Appreciation Right for cash or a new Award with
a lower (or no) exercise price. 
 (c) No Stockholder Rights. Participants shall have no voting rights and will have no rights to
receive dividends or Dividend Equivalents in respect of an Award of Stock Appreciation Rights or any shares of Common Stock subject to an Award of Stock Appreciation Rights until the Participant has become the holder of record of such shares. 

10. Restricted Stock and Restricted Stock Units 

(a) Vesting and Performance Criteria. The grant, issuance, retention, vesting and/or settlement of any Award of Restricted Stock or
Restricted Stock Units shall occur at such time and be subject to such terms and conditions as determined by the Committee or under criteria established by the Committee, which may include conditions based on continued employment or service, passage
of time, attainment of age and/or service requirements, and /or satisfaction of performance conditions. In addition, the Committee shall have the right to grant Restricted Stock or Restricted Stock Unit Awards as the form of payment for grants or
rights earned or due under other stockholder-approved compensation plans or arrangements of the Company. 
 (b) Dividends and
Distributions. Participants in whose name Restricted Stock is granted shall be entitled to receive all dividends and other distributions paid with respect to those shares of Common Stock, unless determined otherwise by the Committee. The
Committee will determine whether any such dividends or distributions will be automatically reinvested in additional shares of Restricted Stock and/or subject to the same restrictions on transferability as the Restricted Stock with respect to which
they were distributed or whether such dividends or distributions will be paid in cash. Shares underlying Restricted Stock Units shall be entitled to dividends or distributions only to the extent provided by the Committee. Notwithstanding anything
herein to the contrary, in no event will dividends or Dividend Equivalents be paid during the performance period with respect to unearned Awards of Restricted Stock or Restricted Stock Units that are subject to performance-based vesting criteria.
Dividends or Dividend Equivalents accrued on such shares shall become payable no earlier than the date the performance-based vesting criteria have been achieved and the underlying shares or Restricted Stock Units have been earned. 

11. Incentive Bonuses 
 (a) Payment
Criteria. The Committee shall establish the performance criteria and level of achievement versus these criteria, or such other criteria (which need not be performance-based), that shall determine the amount payable under an Incentive Bonus,
which may include a target, threshold and/or maximum amount payable and any formula for determining such achievement, and which criteria may be based on performance conditions. 

  
 10 

 (b) Timing and Form of Payment. The Committee shall determine the timing of payment of any
Incentive Bonus. Payment of the amount due under an Incentive Bonus may be made in cash, Common Stock, Restricted Stock, Restricted Stock Units or other Awards, as determined by the Committee. 

(c) Discretionary Adjustments. Notwithstanding satisfaction of any performance goals and, the amount paid under an Incentive Bonus on
account of either financial performance or personal performance evaluations may be adjusted by the Committee on the basis of such further considerations as the Committee shall determine. 

12. Deferral of Payment. The Committee may, in an Award Agreement or otherwise, provide for the deferred delivery of Common Stock or cash upon
settlement, vesting or other events with respect to Restricted Stock Units, or in payment or satisfaction of an Incentive Bonus. No Award shall provide for deferral of compensation that is not intended to comply with Section 409A of the Code;
provided, however, that the Company, the Board and the Committee shall have no liability to a Participant, or any other party, if an Award that is intended to be exempt from, or compliant with, Section 409A of the Code is not so exempt or
compliant or for any action taken by the Board or the Committee. 
 13. Conditions and Restrictions Upon Securities Subject to Awards. The Committee
may provide that the Common Stock subject to or issued under an Award shall be subject to such further agreements, restrictions, conditions or limitations as the Committee in its discretion may specify prior to the grant, vesting, exercise or
settlement of such Award, including without limitation, conditions on vesting or transferability, forfeiture or repurchase provisions and method of payment for the Common Stock issued upon exercise, vesting or settlement of such Award (including the
actual or constructive surrender of Common Stock already owned by the Participant) or payment of taxes arising in connection with an Award. Without limiting the foregoing, such restrictions may address the timing and manner of any resales by the
Participant or other subsequent transfers by the Participant of any shares of Common Stock issued under an Award, including without limitation (i) restrictions under an insider trading policy or pursuant to applicable law,
(ii) restrictions designed to delay and/or coordinate the timing and manner of sales by the Participant and holders of other Company equity compensation arrangements, (iii) restrictions as to the use of a specified brokerage firm for such
resales or other transfers, (iv) provisions requiring Common Stock be sold on the open market or to the Company in order to satisfy tax withholding or other obligations and (v) mandatory holding periods. 

14. Adjustment of and Changes in the Stock 

(a) The number and kind of shares of Common Stock available for issuance under this Plan (including under any Awards then outstanding), and the
number and kind of shares of Common Stock subject to the limits set forth in Section 5 of this Plan, shall be equitably adjusted by the Committee to reflect any reorganization, reclassification, combination of shares, stock split, reverse stock
split, spin-off, dividend or distribution of securities, property or cash (other than regular, quarterly cash dividends), or any other event or transaction that affects the number 

  
 11 

 
or kind of shares of Common Stock outstanding. Such adjustment may be designed to comply with Section 424 of the Code or may be designed to treat the shares of Common Stock available under
the Plan and subject to Awards as if they were all outstanding on the record date for such event or transaction or to increase the number of such shares of Common Stock to reflect a deemed reinvestment in shares of Common Stock of the amount
distributed to the Company’s securityholders. The terms of any outstanding Award shall also be equitably adjusted by the Committee as to price, number or kind of shares of Common Stock subject to such Award, vesting, and other terms to reflect
the foregoing events, which adjustments need not be uniform as between different Awards or different types of Awards. No fractional shares of Common Stock shall be issued pursuant to such an adjustment. 

(b) In the event there shall be any other change in the number or kind of outstanding shares of Common Stock, or any stock or other securities
into which such Common Stock shall have been changed, or for which it shall have been exchanged, by reason of a change in control (as defined by the Committee in its sole discretion), other merger, consolidation or otherwise, then the Committee
shall determine the appropriate and equitable adjustment to be effected, which adjustments need not be uniform between different Awards or different types of Awards. In addition, in the event of such change described in this paragraph, the Committee
may accelerate the time or times at which any Award may be exercised, consistent with and as otherwise permitted under Section 409A of the Code, and may provide for cancellation of such accelerated Awards that are not exercised within a time
prescribed by the Committee in its sole discretion. 
 (c) Unless otherwise expressly provided in the Award Agreement or another contract,
including an employment agreement, or under the terms of a transaction constituting a change in control (as defined by the Committee in its sole discretion), the Committee may provide that any or all of the following shall occur upon a
Participant’s Termination of Employment without Cause within twenty-four (24) months following a change in control: (i) in the case of an Option or Stock Appreciation Right, the Participant shall have the ability to exercise any
portion of the Option or Stock Appreciation Right not previously exercisable, (ii) in the case of any Award the vesting of which is in whole or in part subject to performance criteria or an Incentive Bonus, all conditions to the grant,
issuance, retention, vesting or transferability of, or any other restrictions applicable to, such Award shall immediately lapse and the Participant shall have the right to receive a payment based on performance through a date determined by the
Committee, and (iii) in the case of outstanding Restricted Stock and/or Restricted Stock Units (other than those referenced in subsection (b)), all conditions to the grant, issuance, retention, vesting or transferability of, or any other
restrictions applicable to, such Award shall immediately lapse. Notwithstanding anything herein to the contrary, in the event of a change in control in which the acquiring or surviving company in the transaction does not assume or continue
outstanding Awards upon the change in control, immediately prior to the change in control, all Awards that are not assumed or continued shall be treated as follows effective immediately prior to the change in control: (1) in the case of an
Option or Stock Appreciation Right, the Participant shall have the ability to exercise such Option or Stock Appreciation Right, including any portion of the Option or Stock Appreciation Right not previously exercisable, (2) in the case of any
Award the vesting of which is in whole or in part subject to performance criteria or an Incentive Bonus, all conditions to the grant, issuance, retention, vesting or transferability of, or any other restrictions applicable to, such Award shall
immediately lapse and the Participant shall have the 

  
 12 

 
right to receive a payment based on performance through a date determined by the Committee, and (3) in the case of outstanding Restricted Stock and/or Restricted Stock Units (other than
those referenced in subsection (2)), all conditions to the grant, issuance, retention, vesting or transferability of, or any other restrictions applicable to, such Award shall immediately lapse. In no event shall any action be taken pursuant to this
Section 14(c) that would change the payment or settlement date of an Award in a manner that would result in the imposition of any additional taxes or penalties pursuant to Section 409A of the Code. 

(d) Notwithstanding anything in this Section 14 to the contrary, in the event of a change in control (as defined by the Committee), the
Committee may provide for the cancelation and cash settlement of all outstanding Awards upon such change in control. 
 (e) The Company
shall notify Participants holding Awards subject to any adjustments pursuant to this Section 14 of such adjustment, but (whether or not notice is given) such adjustment shall be effective and binding for all purposes of the Plan. 

(f) Notwithstanding anything in this Section 14 to the contrary, an adjustment to an Option or Stock Appreciation Right under this
Section 14 shall be made in a manner that will not result in the grant of a new Option or Stock Appreciation Right under Section 409A of the Code. 

15. Transferability. Each Award may not be sold, transferred for value, pledged, assigned, or otherwise alienated or hypothecated by a Participant
other than by will or the laws of descent and distribution, and each Option or Stock Appreciation Right shall be exercisable only by the Participant during his or her lifetime. Notwithstanding the foregoing, outstanding Options may be exercised
following the Participant’s death by the Participant’s beneficiaries or as permitted by the Committee. 
 16. Compliance with Laws and
Regulations. This Plan, the grant, issuance, vesting, exercise and settlement of Awards thereunder, and the obligation of the Company to sell, issue or deliver shares of Common Stock under such Awards, shall be subject to all applicable foreign,
federal, state and local laws, rules and regulations, stock exchange rules and regulations, and to such approvals by any governmental or regulatory agency as may be required. The Company shall not be required to register in a Participant’s name
or deliver Common Stock prior to the completion of any registration or qualification of such shares under any foreign, federal, state or local law or any ruling or regulation of any government body which the Committee shall determine to be necessary
or advisable. To the extent the Company is unable to or the Committee deems it infeasible to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful
issuance and sale of any shares of Common Stock hereunder, the Company and its Subsidiaries shall be relieved of any liability with respect to the failure to issue or sell such shares of Common Stock as to which such requisite authority shall not
have been obtained. No Option shall be exercisable and no Common Stock shall be issued and/or transferable under any other Award unless a registration statement with respect to the Common Stock underlying such Option is effective and current or the
Company has determined that such registration is unnecessary. 

  
 13 

 In the event an Award is granted to or held by a Participant who is employed or providing services outside the
United States, the Committee may, in its sole discretion, modify the provisions of the Plan or of such Award as they pertain to such individual to comply with applicable foreign law or to recognize differences in local law, currency or tax policy.
The Committee may also impose conditions on the grant, issuance, exercise, vesting, settlement or retention of Awards in order to comply with such foreign law and/or to minimize the Company’s obligations with respect to tax equalization for
Participants employed outside their home country. 
 17. Withholding. To the extent required by applicable federal, state, local or foreign law, the
Committee may and/or a Participant shall make arrangements satisfactory to the Company for the satisfaction of any withholding tax obligations that arise with respect to any Award, or the issuance or sale of any shares of Common Stock. The Company
shall not be required to recognize any Participant rights under an Award, to issue shares of Common Stock or to recognize the disposition of such shares of Common Stock until such obligations are satisfied. To the extent permitted or required by the
Committee, these obligations may or shall be satisfied by the Company withholding cash from any compensation otherwise payable to or for the benefit of a Participant, the Company withholding a portion of the shares of Common Stock that otherwise
would be issued to a Participant under such Award or any other award held by the Participant or by the Participant tendering to the Company cash or, if allowed by the Committee, shares of Common Stock. 

18. Amendment of the Plan or Awards. The Board may amend, alter or discontinue this Plan and the Committee may amend, or alter any agreement or other
document evidencing an Award made under this Plan but, except as provided pursuant to the provisions of Section 14, no such amendment shall, without the approval of the stockholders of the Company: 

(a) increase the maximum number of shares of Common Stock for which Awards may be granted under this Plan; 

(b) reduce the price at which Options may be granted below the price provided for in Section 8(a); 

(c) reprice outstanding Options or SARs as described in 8(b) and 9(b); 

(d) extend the term of this Plan; 

(e) change the class of persons eligible to be Participants; 

(f) increase the individual maximum limits in Section 5(c); or 

(g) otherwise amend the Plan in any manner requiring stockholder approval by law or the rules of any stock exchange or market or quotation
system on which the Common Stock is traded, listed or quoted. 
 No amendment or alteration to the Plan or an Award or Award Agreement shall be made which
would impair the rights of the holder of an Award, without such holder’s consent, provided that no such consent shall be required if the Committee determines in its sole discretion and prior to the date of any change in control that such
amendment or alteration either (i) is required or advisable in order for the Company, the Plan or the Award to satisfy any law or regulation or to 

  
 14 

 
meet the requirements of or avoid adverse financial accounting consequences under any accounting standard, or (ii) is not reasonably likely to significantly diminish the benefits provided
under such Award, or that any such diminishment has been adequately compensated. 
 19. No Liability of Company. The Company, any Subsidiary or
Affiliate which is in existence or hereafter comes into existence, the Board and the Committee shall not be liable to a Participant or any other person as to: (a) the non-issuance or sale of shares of Common Stock as to which the Company has
been unable to obtain from any regulatory body having jurisdiction the authority deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any shares of Common Stock hereunder; and (b) any tax consequence expected,
but not realized, by any Participant or other person due to the receipt, exercise or settlement of any Award granted hereunder. 
 20. Non-Exclusivity of
Plan. Neither the adoption of this Plan by the Board nor the submission of this Plan to the stockholders of the Company for approval shall be construed as creating any limitations on the power of the Board or the Committee to adopt such other
incentive arrangements as either may deem desirable. 
 21. Governing Law. This Plan and any agreements or other documents hereunder shall be
interpreted and construed in accordance with the laws of the State of Delaware and applicable federal law. Any reference in this Plan or in the agreement or other document evidencing any Awards to a provision of law or to a rule or regulation shall
be deemed to include any successor law, rule or regulation of similar effect or applicability. 
 22. No Right to Employment, Reelection or Continued
Service. Nothing in this Plan or an Award Agreement shall interfere with or limit in any way the right of the Company, its Subsidiaries and/or its Affiliates to terminate any Participant’s employment, service on the Board or service for the
Company at any time or for any reason not prohibited by law, nor shall this Plan or an Award itself confer upon any Participant any right to continue his or her employment or service for any specified period of time. Neither an Award nor any
benefits arising under this Plan shall constitute an employment contract with the Company, any Subsidiary and/or its Affiliates. Subject to Sections 4 and 18, this Plan and the benefits hereunder may be terminated at any time in the sole and
exclusive discretion of the Board without giving rise to any liability on the part of the Company, its Subsidiaries and/or its Affiliates. 
 23.
Section 409A Compliance. The Board intends that, except as may be otherwise determined by the Committee, any Awards under the Plan satisfy the requirements of Section 409A of the Code and related regulations and Treasury pronouncements
to avoid the imposition of any taxes, including additional income taxes, thereunder. If the Committee determines that an Award, Award Agreement, payment, distribution, deferral election, transaction or any other action or arrangement contemplated by
the provisions of the Plan would, if undertaken, cause a Participant to become subject to Section 409A of the Code, unless the Committee expressly determines otherwise, such grant of Award, payment, distribution, deferral election, transaction
or other action or arrangement shall not be undertaken and the related provisions of the Plan and/or Award Agreement will be amended or deemed modified in as close a manner as possible to give effect to the original terms of the Award, or, only if
necessary because a modification or deemed modification would not be reasonably effective in avoiding 

  
 15 

 
the additional income tax under Section 409A(a)(1)(B) of the Code, rescinded in order to comply with the requirements of Section 409A of the Code to the extent determined by the
Committee without the consent of or notice to the Participant. Notwithstanding the foregoing, with respect to any Award intended by the Committee to be exempt from the requirements of Section 409A of the Code which is to be paid out when
vested, such payment shall be made as soon as administratively feasible after the Award becomes vested, but in no event shall such payment be made later than 2-1/2 months after the end of the calendar year in which the Award became vested unless
otherwise permitted under the exemption provisions of Section 409A of the Code. 
 24. Specified Employee Delay. To the extent any payment or
benefit under this Plan is considered deferred compensation subject to (and not exempt from) the restrictions contained in Section 409A of the Code, such payment may not be made to a specified employee (as determined in accordance with a
uniform policy adopted by the Company with respect to all arrangements subject to Section 409A of the Code) upon Separation from Service before the date that is six months after the specified employee’s Separation form Service (or, if
earlier, the specified employee’s death). Any payment that would otherwise be made during this period of delay shall be accumulated and paid on the sixth month plus one day following the specified employee’s Separation from Service (or, if
earlier, as soon as administratively practicable after the specified employee’s death). 
 25. No Liability of Committee Members. No member of
the Committee shall be personally liable by reason of any contract or other instrument executed by such member or on his behalf in his capacity as a member of the Committee nor for any mistake of judgment made in good faith, and the Company shall
indemnify and hold harmless each member of the Committee and each other employee, officer or director of the Company to whom any duty or power relating to the administration or interpretation of the Plan may be allocated or delegated, against any
cost or expense (including counsel fees) or liability (including any sum paid in settlement of a claim) arising out of any act or omission to act in connection with the Plan unless arising out of such person’s own fraud or willful bad faith;
provided, however, that approval of the Board shall be required for the payment of any amount in settlement of a claim against any such person. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to
which such persons may be entitled under the Company’s Articles of Incorporation or By-laws, as a matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless. 

26. Severability. If any provision of the Plan or any Award is or becomes or is deemed to be invalid, illegal, or unenforceable in any jurisdiction or
as to any person or Award, or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to the applicable laws, or if it cannot be construed or deemed
amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award, such provision shall be stricken as to such jurisdiction, person or Award and the remainder of the Plan and any such Award shall remain
in full force and effect. 
 27. Unfunded Plan. The Plan is intended to be an unfunded plan. Participants are and shall at all times be general
creditors of the Company with respect to their Awards. If the Committee or the Company chooses to set aside funds in a trust or otherwise for the payment of Awards under the Plan, such funds shall at all times be subject to the claims of the
creditors of the Company in the event of its bankruptcy or insolvency. 

  
 16

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00236-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00236-of-00352.parquet"}]]