Document:

Exhibit 10.35

EATON VANCE
EMPLOYEE LOAN PROGRAM

RESTATEMENT
No. 2

(Effective
April 10, 2013)

 

1.           Purpose.
The purpose of the Eaton Vance Employee Loan Program (formerly called the Eaton Vance Corp. 1998 Executive Loan Program)(the “Program”)
is to benefit Eaton Vance Corp. and its present or future subsidiaries (together, or separately, the “Company,” as
the context may require) by enhancing the Company’s ability to attract and retain those officers (other than executive officers)
and other key employees of the Company who are in a position to make substantial contributions to the ongoing success of the Company.
The Program is intended to complement the incentives now offered by the Company to its employees which allow them to acquire shares
of Eaton Vance Corp. Non-Voting Common Stock (“Eaton Vance Stock”). To accomplish this purpose, the Program provides
loans to finance exercises of incentive stock options and non-qualified stock options granted under various stock option plans
maintained by the Company, all as the Compensation Committee of the Board of Directors of Eaton Vance Corp. (the “Committee”)
determines.

 

2.
          Participation. Participation in the Program shall be limited
to those officers (other than executive officers of Eaton Vance Corp.) and key employees of the Company who are determined by
the Committee as being eligible to so participate (the “Participants”). For purposes of the Program, executive officers
of Eaton Vance Corp. include the President and Chief Executive Officer, the Executive Vice President, and the following Vice Presidents:
the Chief Financial Officer, the Chief Legal Officer, the Chief Administrative Officer, the Chief Accounting Officer, and the
Chief Sales and Marketing Officer and any other officer who performs a policy making function and who the Committee determines
is ineligible for a Company loan under Section 402 of the Sarbanes-Oxley Act, any guidance issued thereunder, or any other similar
act.

 

3.
          Administration. The Committee shall administer the Program
and have exclusive power to determine (a) which officers and key employees shall become Participants, (b) the time or times at
which such offer shall be made, and (c) the amount to be loaned to any Participant. The interpretation and instruction by the
Committee of any provision of the Program or of any agreement or other matter related to the Program shall be final unless otherwise
determined by the Committee or the Board of Directors of Eaton Vance Corp. The Committee may delegate any of its powers and responsibilities
under the Program to the Treasurer of Eaton Vance Corp.

 

4.
          Amount Available for Loans. The aggregate amount of loans under
the Program and under the Company’s 1997, 1995, 1984 and 2006 Executive Loan Programs (“Prior Programs”) which
may be outstanding at any one time shall not exceed $20,000,000. All loans under the Program must be made on or before October
31, 2014.

 

5.
          Terms of Notes. Each loan made under the Program shall be evidenced
by a promissory note executed and delivered by the Participant to Eaton Vance Management (the “Note”). Each Note shall
be subject to the following terms and conditions:

 

		(a)	The participant
                                         shall be personally liable on the Note.

 

    	 

    	 

    

 

		(b)	The maximum
                                         term to maturity of the Note shall be seven years; provided, however, that the Note shall
                                         become immediately due and payable as of the date a Participant ceases to be employed
                                         by the Company for any reason other than age, disability or death.

 

		(c)	Each Note
                                         shall provide for the payment of interest at such annual rate as may be set by the Committee,
                                         which rate shall not be less than that necessary to avoid the loan being characterized
                                         as either (i) carrying “unstated interest” within the meaning of §483
                                         of the Internal Revenue Code of 1986, as amended (the “Code”) in the case
                                         of loans the proceeds of which are used to acquire shares of Eaton Vance Stock from the
                                         Company or (ii) a “below-market loan” within the meaning of §7872 of
                                         the Code in all other cases.

 

		(d)	The Committee,
                                         in its discretion, may require that amounts payable with respect to the Note be secured
                                         by collateral of such nature and of such value as the Committee determines. Where the
                                         purpose of the loan is to finance the purchase of Eaton Vance Stock, and where the Note
                                         is secured, all or in part, by “margin securities” as defined in Regulation
                                         G promulgated by the Board of Governors of the Federal Reserve System, the Note shall
                                         contain such further terms and conditions as are required by said Regulation G.

 

6.
          Effective Date. The effective date of the revised Program is
April 10, 2013, the date on which it was approved by the Board. All loans issued under the terms of the Prior Programs shall remain
in effect in accordance with the terms of the original Note and the terms of the Program in effect on the date the Note was executed.BG
Staffing, Inc.

2013
Long-Term Incentive Plan

 

Article 1

General Plan
Information

 

1.1           Background.
The BG Staffing, Inc. 2013 Long-Term Incentive Plan (the “Plan”) permits the Company to grant Employees and Directors
certain cash and equity-based incentive compensation opportunities, including Restricted Stock, Restricted Stock Units, Performance
Shares, Performance Units, Options, including ISOs, NQSOs, and Other Awards such as Stock Appreciation Rights and Cash Incentive
Awards.

 

1.2           Objectives.
The objectives of the Plan are to optimize the profitability and growth of the Company through long-term incentives that are consistent
with the Company’s goals and that link the interests of Participants to those of the Company’s shareholders; to provide
Participants with incentives for excellence in individual performance; to provide flexibility to the Company in its ability to
motivate, attract, and retain the services of Participants who make significant contributions to the Company’s success; and
to allow Participants to share in the success of the Company.

 

1.3           Duration
of the Plan. The Plan will be effective on the date it is approved by the Company’s shareholders. The Plan will remain
in effect until terminated pursuant to Article 16, subject to the right of the Committee to amend or terminate the Plan
at any time or until there are no more Shares available for issuance under the Plan and all cash Awards have been paid or forfeited.

 

Article 2

Definitions

 

The following terms
will have the meanings set forth below, except as otherwise clearly required by the context.

 

2.1           “Award”
means a grant under the Plan of Options, Restricted Stock, Restricted Stock Units, Performance Shares, Performance Units, and Other
Awards.

 

2.2           “Award
Agreement” means an agreement entered into by the Company and a Participant, or another instrument prepared by the Company
in lieu of such an agreement, setting forth the terms and conditions applicable to an Award under the Plan. An Award Agreement
may be in hard copy or electronic form as determined by the Committee.

 

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

 

2.4           “Cash
Incentive Award” means a performance-based cash incentive Award granted pursuant to Section 9.5.

 

2.5           “Change
of Control” means one of the following events that occurs after the Effective Date:

 

(a)           any “Person”
(as that term is used in Sections 13(d) and 14(d) of the Exchange Act) is or becomes a “beneficial owner” (as defined
in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing more than 30% of the combined
voting power of the Company’s then outstanding securities;

 

    	 

    	 

    

 

(b)           at any time during
the 24-month period after a tender offer, merger, consolidation, sale of assets, or contested election, or any combination of such
transactions, at least a majority of the Board of Directors ceases to consist of “continuing directors” (meaning directors
of the Company who either were directors prior to a transaction or who subsequently became directors and whose election, or nomination
for election by the Company’s shareholders, was approved by a vote of at least two-thirds of the directors then still in
office who were directors prior to the transaction);

 

(c)           the Company’s
shareholders approve a merger or consolidation of the Company with any other corporation, other than a merger or consolidation
that would result in the voting securities of the Company outstanding immediately prior to the merger or consolidation continuing
to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) at least 60%
of the total voting power represented by the voting securities of the Company or the surviving entity outstanding immediately after
the merger or consolidation; or

 

(d)           the Company’s
shareholders approve a plan of complete liquidation of the Company or an agreement of sale or disposition of all or substantially
all of the Company’s assets.

 

2.6           “Code”
means the Internal Revenue Code of 1986, as amended.

 

2.7           “Committee”
means the Compensation Committee of the Board or any other committee appointed by the Board to administer the Plan and Awards.

 

2.8           “Company”
means BG Staffing, Inc., a Delaware corporation, and any successor thereto.

 

2.9           “Director”
means a non-Employee member of the Board of Directors of the Company.

 

2.10           “Disability”
means that the Participant is disabled and receiving benefits under the terms of any long-term disability plan maintained by either
the Company or a Subsidiary except for purposes of determining the term of an ISO, in which case the term “Disability”
has the meaning ascribed to it under Code section 22(e)(3).

 

2.11           “Effective
Date” means the date the Plan becomes effective in accordance with Section 1.3.

 

2.12           “Employee”
means any employee of the Company or a Subsidiary.

 

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

 

2.14           “Fair
Market Value” means, as of any date, the value of the Shares determined as follows:

 

(a)           if the Shares
are listed on an established stock exchange or a national market system, fair market value will be the closing sales price of the
Shares (or the closing bid, if no sales were reported) as quoted on the system or exchange (or the exchange or system with the
greatest volume of trading in the Shares) on the date of determination (or, if no closing sales price or closing bid was reported
on that date, as applicable, on the last trading date a closing sales price or closing bid was reported), as reported in The Wall
Street Journal or other source that the Committee or Board deems reliable; or

 

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(b)           if the Shares
are regularly quoted on an automated quotation system (including the OTC Bulletin Board) or by a recognized securities dealer,
but selling prices are not reported, the fair market value of the Shares will be the mean between the high bid and high asked prices
for the Shares on the date of determination (or, if no prices were reported on that date, on the last date prices were reported),
as reported in The Wall Street Journal or other source that the Committee or the Board deems reliable; or

 

(c)           in the absence
of an established market for the Shares of the type described in (a) and (b), above, fair market value will be determined by the
Committee or the Board in good faith.

 

2.15           “ISO”
means an Option that is designated by the Committee as an “incentive stock option” within the meaning of Code section
422.

 

2.16           “NQSO”
means an Option that is not designated by the Committee as an ISO.

 

2.17           “Option”
means an ISO or NQSO granted under the Plan.

 

2.18           “Other
Award” means an Award granted to a Participant pursuant to Article 9.

 

2.19           “Participant”
means an Employee or Director who has been selected to receive an Award or who holds an outstanding Award.

 

2.20           “Performance-Based
Exception” means the performance-based exception from the tax deductibility limitation imposed by Code section 162(m), as
set forth in Code section 162(m)(4)(C).

 

2.21           “Performance
Share” means an Award granted pursuant to Article 8, which, on the date of grant, will have a value equal to the Fair
Market Value of a Share on that date.

 

2.22           “Performance
Unit” means an Award granted pursuant to Article 8, which will have an initial value established by the Committee
on the date of grant.

 

2.23           “Restricted
Stock” means an Award granted pursuant to Section 7.1.

 

2.24           “Restricted
Stock Unit” means an Award granted pursuant to Section 7.5.

 

2.25           “Restricted
Period” means the period during which the transfer of Shares of Restricted Stock is limited in some way (based on the passage
of time, the achievement of performance goals, or the occurrence of other events determined by the Committee in its discretion)
and the Shares are subject to a substantial risk of forfeiture, as provided in Article 7.

 

2.26           “Share”
means a share of the Company’s Common Stock, $.01 par value per share.

 

2.27           “Share
Pool” means the number of Shares available under Section 4.1, as adjusted pursuant to Section 4.3.

 

2.28           “Stock
Appreciation Right” or “SAR” means an Award, granted either alone or in connection with a related Option, pursuant
to the terms of Article 9.

 

2.29           “Subsidiary”
means (a) a corporation, partnership, joint venture, or other entity in which the Company has a direct or indirect ownership interest
of at least 50%, and (b) any corporation, partnership, joint venture, or other entity in which the Company holds a direct or indirect
ownership interest of less than 50% but which, in the discretion of the Committee, is treated as a Subsidiary for purposes of the
Plan; provided that the Shares subject to any Award must constitute “service recipient stock” for purposes of Code
section 409A or otherwise not subject the Award to Code section 409A.

 

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2.30           “Ten
Percent Shareholder” means a Participant who owns stock of the Company possessing more than ten percent of the total combined
voting of all classes of stock of the Company or its parent or subsidiary corporation (within the meaning of Code section 422(b)).

 

Article 3

Administration

 

3.1           General.
Except as otherwise determined by the Board in its discretion, the Plan will be administered by the Committee. The Committee will
consist exclusively of two or more non-employee directors within the meaning of the rules promulgated by the Securities and Exchange
Commission under Section 16 of the Exchange Act who also qualify as outside directors within the meaning of Code section 162(m)
and the related regulations under the Code. The members of the Committee will be appointed from time to time by, and will serve
at the discretion of, the Board.

 

3.2           Authority
of the Committee. Except as limited by law or by the Certificate of Incorporation or Bylaws of the Company, and subject to
the provisions of this Plan, the Committee will have full power in its discretion to select Employees who will participate in the
Plan; determine the sizes and types of Awards; determine the terms and conditions of Awards in a manner consistent with the Plan;
construe and interpret the Plan and any Award Agreement or other agreement or instrument entered into or issued under the Plan;
establish, amend, or waive rules and regulations for the Plan’s administration; amend the terms and conditions of any outstanding
Award; determine whether and on what terms and conditions outstanding Awards will be adjusted for dividend equivalents (i.e., a
credit, made at the discretion of the Committee, to the account of a Participant in an amount equal to the cash dividends paid
on one Share for each Share represented or covered by an outstanding Award held by the Participant); and establish a program pursuant
to which designated Participants may receive an Award under the Plan in lieu of compensation otherwise payable in cash. Further,
the Committee will make all other determinations that may be necessary or advisable for the administration of the Plan.

 

3.3           Delegation
of Authority. Subject to the requirements of applicable law, the Committee may delegate to any person or group or subcommittee
of persons (who may, but need not be members of the Committee) any Plan-related functions within the scope of its responsibility,
power, and authority as it deems appropriate. The Committee may not delegate its authority with respect to (a) non-ministerial
actions with respect to individuals who are subject to the reporting requirements of Section 16(a) of the Exchange Act; (b) non-ministerial
actions with respect to Awards that are intended to qualify for the Performance-Based Exception; and (c) certifying the satisfaction
of performance goals and other material terms attributable to Awards intended to qualify for the Performance-Based Exception.

 

3.4           Decisions
Binding. All determinations and decisions made by the Committee, and all related orders and resolutions of the Committee will
be final, conclusive, and binding on all persons.

 

3.5           Performance-Based
Awards. For purposes of the Plan, it will be presumed, unless the Committee indicates to the contrary, that all Awards to Employees
are intended to qualify for the Performance-Based Exception. If the Committee does not intend an Award to an Employee to qualify
for the Performance-Based Exception, the Committee will reflect its intent in its records in a manner the Committee determines
to be appropriate.

 

3.6           Prohibitions
on Repricing and Buyback. The Board and the Committee may not reprice Options or SARs granted under the Plan, either by amending
an existing award agreement or by substituting a new Award at a lower price. The Board and the Committee are also prohibited from
providing stock, cash, or other consideration to a Participant in exchange for the cancellation of any Option or SAR with an exercise
price higher than the Fair Market Value of the Shares covered by the Option or SAR.

 

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Article 4

Shares Subject
to the Plan and Maximum Awards

 

4.1           Number
of Shares Issuable under the Plan. Shares that may be issued pursuant to Awards may be either authorized and unissued Shares,
or authorized and issued Shares held in the Company’s treasury, or any combination of the foregoing. Subject to adjustment
as provided in Section 4.3, there will be reserved for issuance under Awards 900,000 shares of Common Stock. For the purposes
hereof, the following Shares covered by previously-granted Awards will be deemed not to have been issued under the Plan and will
remain in the Share Pool: (a) Shares covered by the unexercised portion of an Option or SAR that terminates, expires, is canceled
or is settled in cash, (b) Shares forfeited or repurchased under the Plan, (c) Shares covered by Awards that are forfeited, canceled,
terminated or settled in cash, (d) Shares withheld in order to pay the exercise or purchase price under an Award or to satisfy
the tax withholding obligations associated with the exercise, vesting or settlement of an Award, and (e) Shares subject to SARs
or a similar Award but not actually delivered in connection with the exercise or settlement of the Award.

 

4.2           Individual
Award Limitations. The maximum aggregate number of Shares that may be granted to any one Participant in any one year under
the Plan with respect to Options will be 900,000.

 

4.3           Adjustments
in Authorized Shares. In the event of any change in corporate capitalization, such as a stock split, or a corporate transaction,
such as any merger, consolidation, separation, including a spin-off, or other distribution of stock or property of the Company,
any reorganization (whether or not such reorganization comes within the definition of such term in Code section 368) or any partial
or complete liquidation of the Company, such adjustment will be made in the number and class of Shares available for grant under
Section 4.1, in the number and class of and/or price of Shares subject to outstanding Awards, and in the per-Participant
Award limits set forth in Section 4.2, as may be determined to be appropriate and equitable by the Committee, in its discretion,
to prevent dilution or enlargement of the benefits available under the Plan and of the rights of Participants; provided, that,
the number of Shares subject to any Award will always be a whole number. In a stock-for-stock acquisition of the Company, the Committee
may, in its discretion, substitute securities of another issuer for any Shares subject to outstanding Awards.

 

Article 5

Eligibility
and Participation

 

5.1           Eligibility.
All Employees and Directors are eligible to participate in the Plan. Only employees of the Company or a Subsidiary may be granted
ISOs.

 

5.2           Actual Participation.
Subject to the provisions of the Plan, the Committee may, from time to time, select Employees and Directors to whom Awards will
be granted and will determine the nature and size of each Award.

 

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Article 6

Stock Options

 

6.1           Grant of
Options. Subject to the terms of the Plan, Options may be granted to Participants at any time and from time to time in the
number and on the terms determined by the Committee.

 

6.2           Option Exercise
Price. The Option exercise price under each Option may not be less than 100% of the Fair Market Value of the respective Share
on the date the Option is granted. Notwithstanding the foregoing, in the case of an ISO granted to a Ten Percent Shareholder, the
Option exercise price under each ISO may not be less than 110% of the Fair Market Value of the respective Share on the date the
Option is granted. 

 

6.3           Term of Options.
Each Option granted to a Participant will expire at the time the Committee determines at the time of grant; provided that no Option
will be exercisable after the tenth anniversary of its date of grant. Notwithstanding the foregoing, in the case of an ISO granted
to a Ten Percent Shareholder, the Option will not be exercisable after the fifth anniversary of its date of grant.

 

6.4           Exercise
of Options.  Options granted under the Plan will be exercisable at the times and be subject to the restrictions and conditions
that the Committee approves, which need not be the same for each grant or for each Participant. Options may be exercised by the
delivery of a written notice of exercise to the Company, setting forth the number of Shares with respect to which the Option is
to be exercised, accompanied by full payment for the Shares.

 

6.5           Payment. 
The purchase price for the Shares that an Option is exercised for must be paid to the Company in full at the time of exercise as
follows:

 

(a)           in cash or its
equivalent;

 

(b)           at the discretion
of the Committee, in Shares having a Fair Market Value equal to the aggregate Option exercise price for the Shares being purchased
and satisfying any other requirements imposed by the Committee; provided, that the Shares have been held by the Participant for
no less than six months;

 

(c)           at the discretion
of the Committee, partly in cash (or its equivalent) and partly in Shares;

 

(d)           through the delivery
of irrevocable instructions to a broker to deliver promptly to the Company an amount equal to the aggregate Option exercise price
for the Shares being purchased; or

 

(e)           through other
means as prescribed in the Award Agreement or by the Committee or the Board.

 

Subject to any governing rules or regulations,
as soon as practicable after receipt of a written notification of exercise and full payment of the Option exercise price, the Company
may deliver to the Participant, in the Participant’s name (or, at the direction of the Participant, jointly in the names
of the participant and the Participant’s spouse), one or more Share certificates for the Shares purchased under the Option.

 

6.6           Limitations
on ISOs. Notwithstanding anything in the Plan to the contrary, to the extent required by the Code or applicable regulations,
the following additional provisions will apply to the grant of Options that are intended to qualify as ISOs:

 

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(a)           Fair Market
Value Limitation. The aggregate Fair Market Value (determined as of the date the ISO is granted) of the Shares with respect
to which ISOs are exercisable for the first time by any Participant during any calendar year (under all plans of the Company (or
any parent or subsidiary corporation within the meaning of Code section 424) may not exceed $100,000 or any other amount subsequently
specified by the Code or applicable regulations; provided, that, to the extent that the limitation is exceeded, any Options on
Shares with a Fair Market Value in excess of the amount will be deemed to be NQSOs.

 

(b)           Code Section
422.  ISOs will be subject to any other provisions that the Committee deems advisable, but will in all events be consistent
with and contain or be deemed to contain all provisions required in order to qualify as incentive stock options under Code section
422. Moreover, no ISOs may be granted more than ten years from the earlier of the date on which the Plan was adopted by the Board
or the date the Plan received shareholder approval.

 

Article 7

Restricted
Stock and Restricted Stock Units

 

7.1           Grant of
Restricted Stock. Subject to the terms and provisions of the Plan, the Committee, at any time and from time to time, may grant
Shares of Restricted Stock to Participants in amounts that the Committee determines.

 

7.2           Restrictions.

 

(a)           The Committee
may impose any conditions or restrictions on any Shares of Restricted Stock that the Committee determines, including, without limitation,
a requirement that Participants pay a stipulated purchase price for each Share of Restricted Stock, transfer restrictions, restrictions
based upon the achievement of specific performance goals, time-based restrictions, and restrictions under applicable federal or
state securities laws.

 

(b)           The Company may
retain the certificates representing Shares of Restricted Stock in the Company’s possession until the time that all conditions
and restrictions applicable to the Shares have been satisfied.

 

(c)           Except as otherwise
provided in this Article, Shares of Restricted Stock that have not yet been forfeited or canceled will become freely transferable
(subject to any restrictions under applicable securities laws) by the Participant after the last day of the applicable Restriction
Period.

 

7.3           Voting Rights.
Participants holding Shares of Restricted Stock may be granted full voting rights with respect to those Shares during the Restriction
Period.

 

7.4           Dividends
and other Distributions. At the discretion of the Committee, during the Restriction Period, Shares of Restricted Stock may
be credited with regular cash dividends paid with respect to the Shares. The Committee may apply any restrictions to the dividends
that the Committee deems appropriate. Without limiting the generality of the preceding sentence, if the grant or vesting of Restricted
Stock is designed to comply with the requirements of the Performance-Based Exception, the Committee may apply any restrictions
it deems appropriate to the payment of dividends declared with respect to the Restricted Stock, so that the dividends and the Restricted
Stock will be eligible for the Performance-Based Exception.

 

7.5           Restricted
Stock Units. In lieu of or in addition to any Awards of Restricted Stock, the Committee may grant Restricted Stock Units to
any Participant, subject to the terms and conditions of this Article being applied to those Awards as if those Awards were for
Restricted Stock and subject to any other terms and conditions that the Committee determines (including, but not limited to, requiring
or permitting deferral of the payment of Awards after the time that Participants become vested in them, notwithstanding any provision
to the contrary in Section 7.2). Each Restricted Stock Unit will have the value of one respective Share. Restricted Stock
Units will be payable at the time the Committee determines in its discretion, and payments may be made in a lump sum or in installments,
in cash, Shares, or a combination thereof, as determined by the Committee in its discretion.

 

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Article 8

Performance
Units and Performance Shares

 

8.1           Grant of
Performance Units/Shares. Subject to the terms of the Plan, Performance Units, and/or Performance Shares may be granted to
Participants at any time and from time to time in amounts and subject to the terms determined by the Committee.

 

8.2           Value of
Performance Units/Shares. Each Performance Unit will have an initial value that is established by the Committee at the time
of grant. Each Performance Share shall have an initial value equal to the Fair Market Value of the respective Share on the date
of grant. The Committee will set performance goals in its discretion that, depending on the extent to which they are met, will
determine the number and value of Performance Units/Shares that will be paid out to the Participant.

 

8.3           Earning Performance
Units/Shares. Subject to the terms of the Plan, after the applicable performance period has ended, the holder of Performance
Units/Shares will be entitled to receive payout with respect to the number and value of Performance Units/Shares earned by the
Participant over the performance period, to be determined as a function of the extent to which the corresponding performance goals
have been achieved.

 

8.4           Form and
Timing of Payment of Performance Units/Shares.

 

(a)           Distributions.
Unless the Committee determines otherwise in its discretion, payment of earned Performance Units/Shares will be made in a single
lump sum following the close of the applicable performance period. Subject to the terms of the Plan, the Committee, in its discretion,
may direct that earned Performance Units/Shares be paid in the form of cash or Shares (or in a combination thereof) that have an
aggregate Fair Market Value equal to the value of the earned Performance Units/Shares on the last trading day immediately before
the close of the applicable performance period. Those Shares may be granted subject to any restrictions deemed appropriate by the
Committee.

 

(b)           Dividends.
At the discretion of the Committee, Participants may be entitled to receive any dividends declared with respect to Shares that
have been earned in connection with grants of Performance Units or Performance Shares, but not yet distributed to Participants.
Dividends may be subject to the same accrual, forfeiture, and payout restrictions as apply to dividends earned with respect to
Shares covered by Restricted Stock Awards. In addition, Participants may, at the discretion of the Committee, be entitled to exercise
voting rights with respect to such Shares.

 

Article 9

Other Awards

 

9.1           General.
Subject to the terms of the Plan, the Committee may grant any type of Awards other than those that are specifically set forth in
Article 6 through Article 8, including, but not limited to, SARs, Cash Incentive Awards, and the payment of Shares in lieu
of cash under any Company incentive bonus plan or program. Subject to the terms of the Plan, the Committee, in its sole discretion,
will determine the terms and conditions of any Other Awards.

 

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9.2           Grant
of SARs. Subject to the terms and conditions of the Plan, SARs may be granted to Participants at any time and from time to
time as determined by the Committee; provided that the SAR exercise price may not be less than 100% of the Fair Market Value of
a respective Share on the date the SAR is granted. The Committee will have complete discretion in determining the number of SARs
granted to each Participant (subject to Article 4) and, consistent with the provisions of the Plan, in determining the terms
and conditions pertaining to SARs.

 

9.3           Term of SARs.
The term of an SAR will be determined by the Committee, in its discretion; provided that the term may not exceed ten years.

 

9.4           Payment of
SAR Amount. Upon exercise of an SAR, a Participant will be entitled to receive payment from the Company in an amount determined
by multiplying:

 

(a)           the excess of
the Fair Market Value of a respective Share on the date of exercise over the grant price, by

 

(b)           the number of
Shares with respect to which the SAR is exercised.

 

At the discretion of the Committee, the
payment upon exercise of an SAR may be in cash, in Shares of equivalent Fair Market Value, or in some combination thereof.

 

9.5           Cash Incentive
Awards. Incentive Awards, including annual incentive Awards and long-term incentive Awards, denominated as cash amounts, may
be granted under the Plan, subject to achievement of specified performance goals established by the Committee. At the expiration
of the applicable performance period, the Committee will determine whether and the extent to which the performance goals are achieved
and the extent to which each Cash Incentive Award has been earned. The amount (if any) payable to a Participant in respect of a
Cash Incentive Award will be paid in cash as soon as practicable after the amount is determined, subject to any deferral conditions
as may be permitted or prescribed consistent with the requirements of Code section 409A.

 

Article 10

Award Agreements

 

10.1           In General.
Each Award must be evidenced by an Award Agreement that includes the provisions determined by the Committee and that specifies:

 

(a)           in the case of
an Option or SAR, the number of respective Shares to which the Option or SAR pertains, the Option exercise price or SAR grant price,
the term of the Option or SAR, the schedule on which the Option or SAR becomes exercisable, and, in the case of an Option, whether
it is intended to be an ISO or an NQSO;

 

(b)           in the case of
Restricted Stock or Restricted Stock Units, the number of respective Shares of Restricted Stock or Restricted Stock Units granted,
the applicable restrictions, and the Restriction Period(s);

 

(c)           in the case of
Performance Units or Performance Shares, the number of Performance Units or Performance Shares granted, the initial value of a
Performance Unit (if applicable), and the performance goals; and

 

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(d)           in the case of
a Cash Incentive Award, the amount that may be earned and the performance goals.

 

10.2           Severance
from Service. Each Award Agreement will set forth the extent to which the Participant will have rights under the Award following
the Participant’s severance from service with the Company and its Subsidiaries. The Award Agreement may make distinctions
based on the reason for the Participant’s severance from service.

 

10.3           Restrictions
on Transferability. Subject to the provisions of the Plan, each Award Agreement will set forth any restrictions on the transferability
of the Award and on the transferability of Shares acquired pursuant to the Award as the Committee deems advisable, including, without
limitation, restrictions under applicable securities laws, under the requirements of any stock exchange or market upon which Shares
are then listed and/or then traded, and under any blue sky or state securities laws applicable to the Shares. In the case of an
ISO (and in the case of any other Award, except as otherwise provided in the Award Agreement), a Participant’s Award may
not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by the laws of descent
and distribution, and will be exercisable during the Participant’s lifetime only by the Participant.

 

10.4           Uniformity
Not Required. The provisions of the Award Agreements need not be uniform among all Awards, among all Awards of the same type,
among all Awards granted to the same Participant, or among all Awards granted at the same time.

 

Article 11

Performance
Measures

 

11.1           Performance
Criteria. Unless and until the Company’s shareholders approve a change in the general performance measures set forth
in this Article, the attainment of which may determine the degree of payout or vesting with respect to Awards that are designed
to qualify for the Performance-Based Exception, the performance measure(s) to be used for purposes of such grants may be measured
or applied to an individual, a business unit or division, the Company and any one or more of its subsidiaries, or any other operating
units the Compensation Committee designates, may be expressed in absolute or relative terms, and will be chosen from among, and
may include any combination of, the following:

 

(a)           income measures
(including, but not limited to, gross profit, operating income, earnings before or after taxes, profits before or after taxes,
net income or earnings per share);

 

(b)           return measures
(including, but not limited to, return on assets, investment, equity, or sales or pre-tax margin);

 

(c)           cash flow thresholds;

 

(d)           cash flow return
on investments, which equals net cash flows divided by owners’ equity;

 

(e)           gross revenues;

 

(f)           market share results;

 

(g)           market value added;

 

(h)           debt measures
(including, without limitation, debt multiples);

 

    	- 10 -

    	 

    

 

(i)           economic value
added; or

 

(j)           share price (including,
but not limited to, growth measures and total shareholder return).

 

11.2           Adjustments.
The Committee will have the discretion to adjust the determinations of the degree of attainment of the pre-established performance
goals; provided that Awards that are designed to qualify for the Performance-Based Exception may not be adjusted upward (although
the Committee will retain the discretion to adjust those Awards downward).

 

11.3           Certification.
In the case of any Award that is granted subject to the condition that a specified performance measure be achieved, no payment
under the Award will be made prior to the time that the Committee certifies in writing that the performance measure has been achieved.
For this purpose, approved minutes of the Committee meeting at which the certification is made will be treated as a written certification.
No such certification is required, however, in the case of an Award that is based solely on an increase in the value of a Share
from the date the Award was made.

 

Article 12

Beneficiary
Designation

 

Each Participant may,
from time to time, name any beneficiary or beneficiaries to whom any benefit under the Plan is to be paid in case of the Participant’s
death before the Participant receives any or all of the benefit. Each designation will revoke all prior designations by the same
Participant with respect to the benefit, will be in a form prescribed by the Company, and will be effective only when filed by
the Participant in writing with the Company during the Participant’s lifetime. In the absence of any such designation, any
benefits remaining unpaid under the Plan at the Participant’s will be paid to the Participant’s estate unless otherwise
provided in the Award Agreement.

 

Article 13

Deferrals

 

The Committee may permit
or require a Participant to defer receipt of the payment of cash or the delivery of Shares that would otherwise be due pursuant
to the exercise of an Option or SAR, the lapse or waiver of restrictions with respect to Restricted Stock or Restricted Stock Units,
the satisfaction of any requirements or goals with respect to Performance Units/Shares, or in connection with any Other Awards,
all in accordance with procedures and upon terms and conditions that the Committee, acting in its discretion, prescribes, subject
to, and in accordance with, Code section 409A.

 

Article 14

No Right to
Employment or Participation

 

14.1           Employment.
The Plan will not interfere with or limit in any way the right of the Company or of any Subsidiary to terminate any Employee’s
employment at any time, and the Plan does not confer upon any Employee the right to continue in the employ of the Company or of
any Subsidiary.

 

14.2           Participation.
No Employee or Director will have the right to be selected to receive an Award or, having been so selected, to be selected to receive
a future Award.

 

    	- 11 -

    	 

    

 

Article 15

Change of Control

 

In
the event of a Change of Control, the Board may in its sole discretion direct that (a) all option holders be permitted to exercise
their outstanding Options and SARs in whole or in part (whether or not otherwise exercisable) immediately prior to the Change of
Control; or (b) if, as part of a Change of Control transaction, the shareholders of the Company receive capital stock of another
corporation (“Exchange Stock”) in exchange for their Shares (whether or not such Exchange Stock is the sole consideration),
the Board may direct that all options and SARs for Shares that are outstanding at the time of the Change of Control transaction
will be converted into options or SARs (as the case may be) for shares of Exchange Stock, such that the vesting and other terms
and conditions of the converted options and SARs will be substantially the same as the vesting and corresponding other terms and
conditions of the original options and SARs. The Board, acting in its discretion, may accelerate vesting of other non-vested awards,
and cause cash settlements or other adjustments to be made to any outstanding awards (including, without limitation, options and
SARs) as it deems appropriate in the context of a Change of Control transaction, taking into account with respect to other awards
the manner in which outstanding options and SARs are being treated. To the extent determined by the Committee, any outstanding
options and SARs that are not exercised before a Change of Control described in Section 2.5(c) or 2.5(d) will automatically
terminate upon the Change of Control.

 

Article 16

Amendment and
Termination

 

16.1           Amendment
and Termination. Subject to the terms of the Plan, the Committee may, at any time and from time to time, alter, amend, suspend,
or terminate the Plan in whole or in part; provided that, unless the Committee specifically provides otherwise, any revision or
amendment that would cause the Plan to fail to comply with any requirement of applicable law, regulation, or rule if the amendment
were not approved by the shareholders of the Company will not be effective unless and until shareholder approval is obtained.

 

16.2           Term of
the Plan. Unless sooner terminated, the Plan will terminate on the tenth anniversary of the date of its adoption by the Company’s
shareholders.

 

16.3           Outstanding
Awards. Notwithstanding any other provision of the Plan to the contrary, no termination, amendment, or modification of the
Plan may cause, without the consent of the Participant, any previously granted Awards to be forfeited or altered in a way that
adversely affects the Participant. After the termination of the Plan, any previously granted Award will remain in effect and will
continue to be governed by the terms of the Plan, the Award, and any applicable Award Agreement.

 

Article 17

Tax Withholding

 

17.1           Tax Withholding.
The Company and its Subsidiaries will have the power and the right to deduct or withhold, or to require a Participant to remit
to the Company or to a Subsidiary, an amount that the Company or a Subsidiary determines to be required to comply with federal,
state, local, or foreign tax withholding requirements.

 

17.2           Share Withholding.
With respect to withholding required upon the exercise of Options or SARs, upon the lapse of restrictions on Restricted Stock,
or upon any other taxable event arising as a result of Awards granted hereunder, Participants may elect, subject to the approval
of the Committee, to satisfy the withholding requirement, in whole or in part, by having the Company withhold Shares having a Fair
Market Value on the date the tax is to be determined equal to the minimum statutory withholding tax that could be imposed on the
transaction. All such elections will be irrevocable, made in writing, signed by the Participant, and will be subject to any restrictions
or limitations that the Committee, in its discretion, deems appropriate.

 

    	- 12 -

    	 

    

 

Article 18

Successors

 

All obligations of
the Company under the Plan with respect to Awards granted hereunder will be binding on any successor to the Company, whether the
existence of the successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially
all of the business or assets of the Company.

 

Article 19

Legal Construction

 

19.1           Severability.
If any provision of the Plan is held illegal or invalid for any reason, that illegality or invalidity will not affect the remaining
provisions of the Plan, and the Plan will be construed and enforced as if the illegal or invalid provision had not been included.

 

19.2           Requirements
of Law. The granting of Awards and the issuance of Shares under the Plan will be subject to all applicable laws, rules, and
regulations, and to any approvals by any governmental agencies or national securities exchanges as may be required.

 

19.3           Section
409A Compliance. Except as otherwise specifically provided by the Committee at the time an Award is made, any Award providing
for a deferral of compensation must satisfy the requirements of Code section 409A. Toward that end, if any payment or benefit received
or to be received by a Participant pursuant to an Award would cause the Participant to incur a penalty tax or interest under Code
section 409A or any regulations or Treasury Department guidance promulgated thereunder, the Committee may reform the provision(s)
of the Award in order to avoid, to the maximum extent practicable, the incurrence of any such penalty tax or interest.

 

19.4           Governing
Law. The Plan and all Award Agreements will be construed in accordance with and governed by the laws of the State of Delaware
(without regard to the legislative or judicial conflict of laws rules of any state), except to the extent superseded by federal
law.

 

    	- 13 -

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