Document:

exv4w1

Exhibit 4.1

	AMERESCO

	INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE

	CUSIP 02361E 10 8

	FULLY PAID AND NONASSESSABLE SHARES OF CLASS A COMMON STOCK, $0.0001 PAR VALUE PER SHARE, OF

	AMERESCO, INC.

	transferable on the books of the Corporation by the holder hereof in person or by duly authorized
Attorney upon surrender of this certificate properly endorsed. This certificate is not
valid until countersigned by the Transfer Agent and registered by the Registrar. WITNESS the
facsimile seal of the Corporation and the facsimile signatures of its duly authorized officers.

 

 

     A statement of the powers, designations, preferences and relative, participating, optional
or other special rights of each class of stock or series thereof and the qualifications,
limitations or restrictions of such preferences and/or rights as established, from time to time, by
the Certificate of Incorporation of the Corporation and by any certificate of determination, the
number of shares constituting each class and series, and the designations thereof, may be obtained
by the holder hereof upon request and without charge at the principal office of the Corporation.

     The following abbreviations, when used in the inscription on the face of this
certificate, shall be construed as though they were written out in full according to applicable
laws or regulations:

	 	 	 	 	 	 	 	 	 

	TEN COM

	 	—
	 	as tenants in common
	 	UNIF GIFT MIN ACT —
	 	             Custodian             
	TEN ENT

	 	—
	 	as tenants by the entireties
	 	 	 	(Cust)                      (Minor)
	JT TEN

	 	—
	 	as joint tenants with right of

survivorship and not as tenants
	 	 	 	under Uniform Gifts to Minors 

Act                                 

	 	 	 	 	in common 	 	 	 	(State)

Additional abbreviations may also be used though not in the above list.

     FOR VALUE RECEIVED,
                                                             hereby sell, assign and transfer unto

	 

	PLEASE INSERT SOCIAL SECURITY OR OTHER

	IDENTIFYING NUMBER OF ASSIGNEE

	 

 

 

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

 

 

	 	 	 

	 

	 	Shares

of the common stock represented by the within Certificate, and do hereby irrevocably constitute and appoint

	 	 	 

	 

	 	Attorney

to transfer the said stock on the books of the within named Corporation with full power of substitution in the premises.

Dated                                    
                                             

	 	 	 

	X

	 	 

	NOTICE:

	 	THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) AS WRITTEN UPON THE
FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE
WHATEVER.

Signature(s) Guaranteed

	 	 	 

	By

	 	 

	THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCK-
BROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED
SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15.exv10w10

Exhibit 10.10

AMERESCO, INC.

2010 STOCK INCENTIVE PLAN

	1.	 	Purpose

     The purpose of this 2010 Stock Incentive Plan (the “Plan”) of Ameresco, Inc., a Delaware
corporation (the “Company”), is to advance the interests of the Company’s stockholders by enhancing
the Company’s ability to attract, retain and motivate persons who are expected to make important
contributions to the Company and by providing such persons with equity ownership opportunities and
performance-based incentives that are intended to better align the interests of such persons with
those of the Company’s stockholders. Except where the context otherwise requires, the term
“Company” shall include any of the Company’s present or future parent or subsidiary corporations as
defined in Sections 424(e) or (f) of the Internal Revenue Code of 1986, as amended, and any
regulations thereunder (the “Code”) and any other business venture (including, without limitation,
joint venture or limited liability company) in which the Company has a controlling interest, as
determined by the Board of Directors of the Company (the “Board”).

	2.	 	Eligibility

     All of the Company’s employees, officers and directors, as well as consultants and advisors to
the Company (as such terms are defined and interpreted for purposes of Form S-8 under the
Securities Act of 1933, as amended (the “Securities Act”), or any successor form) are eligible to
be granted Awards under the Plan. Each person who is granted an Award under the Plan is deemed a
“Participant.” “Award” means Options (as defined in Section 5), SARs (as defined in Section 6),
Restricted Stock (as defined in Section 7), Restricted Stock Units (as defined in Section 7) and
Other Stock-Based Awards (as defined in Section 8).

	3.	 	Administration and Delegation

     (a) Administration by Board of Directors. The Plan will be administered by the Board.
The Board shall have authority to grant Awards and to adopt, amend and repeal such administrative
rules, guidelines and practices relating to the Plan as it shall deem advisable. The Board may
construe and interpret the terms of the Plan and any Award agreements entered into under the Plan.
The Board may correct any defect, supply any omission or reconcile any inconsistency in the Plan or
any Award in the manner and to the extent it shall deem expedient and it shall be the sole and
final judge of such expediency. All decisions by the Board shall be made in the Board’s sole
discretion and shall be final and binding on all persons having or claiming any interest in the
Plan or in any Award.

 

 

     (b) Appointment of Committees. To the extent permitted by applicable law, the Board
may delegate any or all of its powers under the Plan to one or more committees or subcommittees of
the Board (a “Committee”). During such time as the Class A common stock, $0.001 par value per
share, of the Company (the “Class A common stock”) is registered under the Securities Exchange Act
of 1934 (the “Exchange Act”), the Board shall appoint one such Committee of not less than two
members, each member of which shall be an “independent director” within the meaning of any stock
exchange on which the Company lists the Class A common stock, an “outside director” within the
meaning of Section 162(m) of the Code and a “non-employee director” as defined in Rule 16b-3 under
the Exchange Act. All references in the Plan to the “Board” shall mean the Board or a Committee of
the Board to the extent that the Board’s powers or authority under the Plan have been delegated to
such Committee.

	4.	 	Stock Available for Awards

     (a) Number of Shares; Share Counting.

          (1) Authorized Number of Shares. Subject to adjustment under Section 9, Awards may be
made under the Plan (any or all of which Awards may be in the form of Incentive Stock Options, as
defined in Section 5(b)) for up to 10,000,000 shares of Class A common stock. Shares issued under
the Plan may consist in whole or in part of authorized but unissued shares or treasury shares.

          (2) Share Counting. For purposes of counting the number of shares available for the
grant of Awards under the Plan:

               (A) all shares of Class A common stock covered by SARs shall be counted against the number of
shares available for the grant of Awards under the Plan; provided, however, that (i) SARs that may
be settled only in cash shall not be so counted and (ii) if the Company grants an SAR in tandem
with an Option for the same number of shares of Class A common stock and provides that only one
such Award may be exercised (a “Tandem SAR”), only the shares covered by the Option, and not the
shares covered by the Tandem SAR, shall be so counted, and the expiration of one in connection with
the other’s exercise will not restore shares to the Plan;

               (B) if any Award (i) expires or is terminated, surrendered or canceled without having been
fully exercised or is forfeited in whole or in part (including as the result of shares of Class A
common stock subject to such Award being repurchased by the Company at the original issuance price
pursuant to a contractual repurchase right) or (ii) results in any Class A common stock not being
issued (including as a result of an SAR that was settleable either in cash or in stock actually
being settled in cash), the unused Class A common stock covered by such Award shall again be
available for the grant of Awards; provided, however, that (1) in the case of Incentive Stock
Options, the foregoing shall be subject to any limitations under the Code, (2) in the case of the
exercise of an SAR, the number of shares counted against the shares available under the Plan and
against the sublimits listed in the first clause of this Section 4(a)(2) shall be the full number
of shares subject to the SAR multiplied by the percentage of the SAR actually exercised, regardless
of the number of shares actually used to settle such SAR upon

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exercise and (3) the shares covered by a Tandem SAR shall not again become available for grant
upon the expiration or termination of such Tandem SAR; and

               (C) shares of Class A common stock delivered (either by actual delivery, attestation, or net
exercise) to the Company by a Participant to (i) purchase shares of Class A common stock upon the
exercise of an Award or (ii) satisfy tax withholding obligations (including shares retained from
the Award creating the tax obligation) shall not be added back to the number of shares available
for the future grant of Awards.

     (b) Section 162(m) Per-Participant Limit. Subject to adjustment under Section 9, the
maximum number of shares of Class A common stock with respect to which Awards may be granted to any
Participant under the Plan shall be 2,000,000 per calendar year. For purposes of the foregoing
limit, the combination of an Option in tandem with an SAR shall be treated as a single Award. The
per Participant limit described in this Section 4(b) shall be construed and applied consistently
with Section 162(m) of the Code or any successor provision thereto, and the regulations thereunder
(“Section 162(m)”).

     (c) Substitute Awards. In connection with a merger or consolidation of an entity with
the Company or the acquisition by the Company of property or stock of an entity, the Board may
grant Awards in substitution for any options or other stock or stock-based awards granted by such
entity or an affiliate thereof. Substitute Awards may be granted on such terms as the Board deems
appropriate in the circumstances, notwithstanding any limitations on Awards contained in the Plan.
Substitute Awards shall not count against the overall share limit set forth in Section 4(a)(1) or
any sublimit contained in the Plan, except as may be required by reason of Section 422 and related
provisions of the Code.

	5.	 	Stock Options

     (a) General. The Board may grant options to purchase Class A common stock (each, an
“Option”) and determine the number of shares of Class A common stock to be covered by each Option,
the exercise price of each Option and the conditions and limitations applicable to the exercise of
each Option, including conditions relating to applicable federal or state securities laws, as it
considers necessary or advisable.

     (b) Incentive Stock Options. An Option that the Board intends to be an “incentive
stock option” as defined in Section 422 of the Code (an “Incentive Stock Option”) shall only be
granted to employees of Ameresco, Inc., any of Ameresco, Inc.’s present or future parent or
subsidiary corporations as defined in Sections 424(e) or (f) of the Code, and any other entities
the employees of which are eligible to receive Incentive Stock Options under the Code, and shall be
subject to and shall be construed consistently with the requirements of Section 422 of the Code. An
Option that is not intended to be an Incentive Stock Option shall be designated a “Nonstatutory
Stock Option.” The Company shall have no liability to a Participant, or any other party, if an
Option (or any part thereof) that is intended to be an Incentive Stock Option is not an Incentive
Stock Option or if the Company converts an Incentive Stock Option to a Nonstatutory Stock Option.

     (c) Exercise Price.

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          (1) The Board shall establish the exercise price of each Option and specify the exercise price
in the applicable Option agreement. The exercise price shall be not less than 100% of the Fair
Market Value per share of Class A common stock on the date the Option is granted; provided that if
the Board approves the grant of an Option with an exercise price to be determined on a future date,
the exercise price shall be not less than 100% of the Fair Market Value on such future date.

          (2) “Fair Market Value” of a share of Class A common stock for purposes of the Plan will be
determined as follows:

               (A) if the Class A common stock trades on a national securities exchange, the closing sale
price (for the primary trading session) on the date of grant (or other date for which a
determination is being made); or

               (B) if the Class A common stock does not trade on any such exchange, the average of the
closing bid and asked prices as reported by an authorized OTCBB market data vendor as listed on the
OTCBB website (otcbb.com) on the date of grant (or other date for which a determination is being
made); or

               (C) if the Class A common stock is not publicly traded, the Board will determine the Fair
Market Value for purposes of the Plan using any measure of value it determines to be appropriate
(including, as it considers appropriate, relying on appraisals) in a manner consistent with the
valuation principles under Code Section 409A, except as the Board may expressly determine
otherwise.

For any date that is not a trading day, the Fair Market Value of a share of Class A common stock
for such date will be determined by using the closing sale price or average of the bid and asked
prices, as appropriate, for the immediately preceding trading day and with the timing in the
formulas above adjusted accordingly. The Board can substitute a particular time of day or other
measure of “closing sale price” or “bid and asked prices” if appropriate because of exchange or
market procedures or can, in its sole discretion, use weighted averages either on a daily basis or
such longer period as complies with Code Section 409A. The Board has sole discretion to determine
the Fair Market Value for purposes of the Plan.

     (d) Duration of Options. Each Option shall be exercisable at such times and subject to
such terms and conditions as the Board may specify in the applicable option agreement; provided,
however, that no Option will be granted with a term in excess of 10 years.

     (e) Exercise of Options. Options may be exercised by delivery to the Company of a
notice of exercise in a form (which may be electronic) approved by the Company, together with
payment in full (in the manner specified in Section 5(f)) of the exercise price for the number of
shares for which the Option is exercised. Shares of Class A common stock subject to the Option will
be delivered by the Company as soon as practicable following exercise.

     (f) Payment Upon Exercise. Class A common stock purchased upon the exercise of an
Option granted under the Plan shall be paid for as follows:

          (1) in cash or by check, payable to the order of the Company;

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          (2) except as may otherwise be provided in the applicable Option agreement or approved by the
Board, in its sole discretion, by (i) delivery of an irrevocable and unconditional undertaking by a
creditworthy broker to deliver promptly to the Company sufficient funds to pay the exercise price
and any required tax withholding or (ii) delivery by the Participant to the Company of a copy of
irrevocable and unconditional instructions to a creditworthy broker to deliver promptly to the
Company cash or a check sufficient to pay the exercise price and any required tax withholding;

          (3) to the extent provided for in the applicable Option agreement or approved by the Board, in
its sole discretion, by delivery (either by actual delivery or attestation) of shares of Class A
common stock owned by the Participant valued at their Fair Market Value, provided (i) such method
of payment is then permitted under applicable law, (ii) such Class A common stock, if acquired
directly from the Company, was owned by the Participant for such minimum period of time, if any, as
may be established by the Board in its discretion and (iii) such Class A common stock is not
subject to any repurchase, forfeiture, unfulfilled vesting or other similar requirements;

          (4) to the extent provided for in the applicable Nonstatutory Stock Option agreement or
approved by the Board in its sole discretion, by delivery of a notice of “net exercise” to the
Company, as a result of which the Participant would receive (i) the number of shares underlying the
portion of the Option being exercised, less (ii) such number of shares as is equal to (A) the
aggregate exercise price for the portion of the Option being exercised divided by (B) the Fair
Market Value on the date of exercise;

          (5) to the extent permitted by applicable law and provided for in the applicable Option
agreement or approved by the Board, in its sole discretion, by (i) delivery of a promissory note of
the Participant (other than a Participant who is an officer or director of the Company) to the
Company on terms determined by the Board, or (ii) payment of such other lawful consideration as the
Board may determine; or

          (6) by any combination of the above permitted forms of payment.

	6.	 	Stock Appreciation Rights

     (a) General. The Board may grant Awards consisting of stock appreciation rights
(“SARs”) entitling the holder, upon exercise, to receive an amount of Class A common stock or cash
or a combination thereof (such form to be determined by the Board) determined by reference to
appreciation, from and after the date of grant, in the Fair Market Value of a share of Class A
common stock over the measurement price established pursuant to Section 6(b). The date as of which
such appreciation is determined shall be the exercise date.

     (b) Measurement Price. The Board shall establish the measurement price of each SAR and
specify it in the applicable SAR agreement. The measurement price shall not be less than 100% of
the Fair Market Value on the date the SAR is granted; provided that if the Board approves the grant
of an SAR effective as of a future date, the measurement price shall be not less than 100% of the
Fair Market Value on such future date.

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     (c) Duration of SARs. Each SAR shall be exercisable at such times and subject to such
terms and conditions as the Board may specify in the applicable SAR agreement; provided, however,
that no SAR will be granted with a term in excess of 10 years.

     (d) Exercise of SARs. SARs may be exercised by delivery to the Company of a notice of
exercise in a form (which may be electronic) approved by the Company, together with any other
documents required by the Board.

	7.	 	Restricted Stock; Restricted Stock Units

     (a) General. The Board may grant Awards entitling recipients to acquire shares of
Class A common stock (“Restricted Stock”), subject to the right of the Company to repurchase all or
part of such shares at their issue price or other stated or formula price (or to require forfeiture
of such shares if issued at no cost) from the recipient in the event that conditions specified by
the Board in the applicable Award are not satisfied prior to the end of the applicable restriction
period or periods established by the Board for such Award. The Board may also grant Awards
entitling the recipient to receive shares of Class A common stock or cash to be delivered at the
time such Award vests (“Restricted Stock Units”) (Restricted Stock and Restricted Stock Units are
each referred to herein as a “Restricted Stock Award”).

     (b) Terms and Conditions for All Restricted Stock Awards. The Board shall determine
the terms and conditions of a Restricted Stock Award, including the conditions for vesting and
repurchase (or forfeiture) and the issue price, if any.

     (c) Additional Provisions Relating to Restricted Stock.

          (1) Dividends. Unless otherwise provided in the applicable Award agreement, any
dividends (whether paid in cash, stock or property) declared and paid by the Company with respect
to shares of Restricted Stock (“Accrued Dividends”) shall be paid to the Participant only if and
when such shares become free from the restrictions on transferability and forfeitability that apply
to such shares. Each payment of Accrued Dividends will be made no later than the end of the
calendar year in which the dividends are paid to stockholders of that class of stock or, if later,
the 15th day of the third month following the lapsing of the restrictions on transferability and
the forfeitability provisions applicable to the underlying shares of Restricted Stock.

          (2) Stock Certificates. The Company may require that any stock certificates issued in
respect of shares of Restricted Stock, as well as dividends or distributions paid on such
Restricted Stock, shall be deposited in escrow by the Participant, together with a stock power
endorsed in blank, with the Company (or its designee). At the expiration of the applicable
restriction periods, the Company (or such designee) shall deliver the certificates no longer
subject to such restrictions to the Participant or if the Participant has died, to his or her
Designated Beneficiary. “Designated Beneficiary” means (i) the beneficiary designated, in a manner
determined by the Board, by a Participant to receive amounts due or exercise rights of the
Participant in the event of the Participant’s death or (ii) in the absence of an effective
designation by a Participant, the Participant’s estate.

     (d) Additional Provisions Relating to Restricted Stock Units.

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          (1) Settlement. Upon the vesting of and/or lapsing of any other restrictions (i.e.,
settlement) with respect to each Restricted Stock Unit, the Participant shall be entitled to
receive from the Company one share of Class A common stock or (if so provided in the applicable
Award agreement) an amount of cash equal to the Fair Market Value of one share of Class A common
stock. The Board may, in its discretion, provide that settlement of Restricted Stock Units shall be
deferred, on a mandatory basis or at the election of the Participant in a manner that complies with
Section 409A of the Code.

          (2) Voting Rights. A Participant shall have no voting rights with respect to any
Restricted Stock Units.

          (3) Dividend Equivalents. The Award agreement for Restricted Stock Units may provide
Participants with the right to receive an amount equal to any dividends or other distributions
declared and paid on an equal number of outstanding shares of Class A common stock (“Dividend
Equivalents”). Dividend Equivalents may be paid currently or credited to an account for the
Participant, may be settled in cash and/or shares of Class A common stock and may be subject to the
same restrictions on transfer and forfeitability as the Restricted Stock Units with respect to
which paid, in each case to the extent provided in the Award agreement.

	8.	 	Other Stock-Based Awards

     (a) General. Other Awards of shares of Class A common stock, and other Awards that are
valued in whole or in part by reference to, or are otherwise based on, shares of Class A common
stock or other property, may be granted hereunder to Participants (“Other Stock-Based-Awards”).
Such Other Stock-Based Awards shall also be available as a form of payment in the settlement of
other Awards granted under the Plan or as payment in lieu of compensation to which a Participant is
otherwise entitled. Other Stock-Based Awards may be paid in shares of Class A common stock or cash,
as the Board shall determine.

     (b) Terms and Conditions. Subject to the provisions of the Plan, the Board shall
determine the terms and conditions of each Other Stock-Based Award, including any purchase price
applicable thereto.

	9.	 	Adjustments for Changes in Class A Common Stock and Certain Other Events

     (a) Changes in Capitalization. In the event of any stock split, reverse stock split,
stock dividend, recapitalization, combination of shares, reclassification of shares, spin-off or
other similar change in capitalization or event, or any dividend or distribution to holders of
Class A common stock other than an ordinary cash dividend, (i) the number and class of securities
available under the Plan, (ii) the share counting rules and sublimit set forth in Sections 4(a) and
4(b), (iii) the number and class of securities and exercise price per share of each outstanding
Option, (iv) the share and per-share provisions and the measurement price of each outstanding SAR,
(v) the number of shares subject to and the repurchase price per share subject to each outstanding
Restricted Stock Award and (vi) the share and per-share-related provisions and the purchase price,
if any, of each outstanding Other Stock-Based Award, shall be equitably adjusted by the Company (or
substituted Awards may be made, if applicable) in the manner determined by the Board. Without
limiting the generality of the foregoing, in the event the Company effects

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a split of the Class A common stock by means of a stock dividend and the exercise price of and
the number of shares subject to an outstanding Option are adjusted as of the date of the
distribution of the dividend (rather than as of the record date for such dividend), then an
optionee who exercises an Option between the record date and the distribution date for such stock
dividend shall be entitled to receive, on the distribution date, the stock dividend with respect to
the shares of Class A common stock acquired upon such Option exercise, notwithstanding the fact
that such shares were not outstanding as of the close of business on the record date for such stock
dividend.

     (b) Reorganization Events.

          (1) Definition. A “Reorganization Event” shall mean: (a) any merger or consolidation
of the Company with or into another entity as a result of which all of the Class A common stock of
the Company is converted into or exchanged for the right to receive cash, securities or other
property or is cancelled, (b) any transfer or disposition of all of the Class A common stock of the
Company for cash, securities or other property pursuant to a share exchange or other transaction or
(c) any liquidation or dissolution of the Company.

          (2) Consequences of a Reorganization Event on Awards Other than Restricted Stock.

               (A) In connection with a Reorganization Event, the Board may take any one or more of the
following actions as to all or any (or any portion of) outstanding Awards other than Restricted
Stock on such terms as the Board determines (except to the extent specifically provided otherwise
in an applicable Award agreement or another agreement between the Company and the Participant): (i)
provide that such Awards shall be assumed, or substantially equivalent Awards shall be substituted,
by the acquiring or succeeding corporation (or an affiliate thereof), (ii) upon written notice to a
Participant, provide that all of the Participant’s unexercised Awards will terminate immediately
prior to the consummation of such Reorganization Event unless exercised by the Participant (to the
extent then exercisable) within a specified period following the date of such notice, (iii) provide
that outstanding Awards shall become exercisable, realizable, or deliverable, or restrictions
applicable to an Award shall lapse, in whole or in part prior to or upon such Reorganization Event,
(iv) in the event of a Reorganization Event under the terms of which holders of Class A common
stock will receive upon consummation thereof a cash payment for each share surrendered in the
Reorganization Event (the “Acquisition Price”), make or provide for a cash payment to Participants
with respect to each Award held by a Participant equal to (A) the number of shares of Class A
common stock subject to the vested portion of the Award (after giving effect to any acceleration of
vesting that occurs upon or immediately prior to such Reorganization Event) multiplied by (B) the
excess, if any, of (I) the Acquisition Price over (II) the exercise, measurement or purchase price
of such Award and any applicable tax withholdings, in exchange for the termination of such Award,
(v) provide that, in connection with a liquidation or dissolution of the Company, Awards shall
convert into the right to receive liquidation proceeds (if applicable, net of the exercise,
measurement or purchase price thereof and any applicable tax withholdings) and (vi) any combination
of the foregoing. In taking any of the actions permitted under this Section 9(b)(2), the Board
shall not be obligated by the Plan to treat all Awards, all Awards held by a Participant, or all
Awards of the same type, identically.

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               (B) Notwithstanding the terms of Section 9(b)(2)(A), in the case of outstanding Restricted
Stock Units that are subject to Section 409A of the Code: (i) if the applicable Restricted Stock
Unit agreement provides that the Restricted Stock Units shall be settled upon a “change in control
event” within the meaning of Treasury Regulation Section 1.409A-3(i)(5)(i), and the Reorganization
Event constitutes such a “change in control event”, then no assumption or substitution shall be
permitted pursuant to Section 9(b)(2)(A)(i) and the Restricted Stock Units shall instead be settled
in accordance with the terms of the applicable Restricted Stock Unit agreement; and (ii) the Board
may only undertake the actions set forth in clauses (iii), (iv) or (v) of Section 9(b)(2)(A) if the
Reorganization Event constitutes a “change in control event” as defined under Treasury Regulation
Section 1.409A-3(i)(5)(i) and such action is permitted or required by Section 409A of the Code; if
the Reorganization Event is not a “change in control event” as so defined or such action is not
permitted or required by Section 409A of the Code, and the acquiring or succeeding corporation does
not assume or substitute the Restricted Stock Units pursuant to clause (i) of Section 9(b)(2)(A),
then the unvested Restricted Stock Units shall terminate immediately prior to the consummation of
the Reorganization Event without any payment in exchange therefor.

               (C) For purposes of Section 9(b)(2)(A)(i), an Award (other than Restricted Stock) shall be
considered assumed if, following consummation of the Reorganization Event, such Award confers the
right to purchase or receive pursuant to the terms of such Award, for each share of Class A common
stock subject to the Award immediately prior to the consummation of the Reorganization Event, the
consideration (whether cash, securities or other property) received as a result of the
Reorganization Event by holders of Class A common stock for each share of Class A common stock held
immediately prior to the consummation of the Reorganization Event (and if holders were offered a
choice of consideration, the type of consideration chosen by the holders of a majority of the
outstanding shares of Class A common stock); provided, however, that if the consideration received
as a result of the Reorganization Event is not solely common stock of the acquiring or succeeding
corporation (or an affiliate thereof), the Company may, with the consent of the acquiring or
succeeding corporation, provide for the consideration to be received upon the exercise or
settlement of the Award to consist solely of such number of shares of common stock of the acquiring
or succeeding corporation (or an affiliate thereof) that the Board determined to be equivalent in
value (as of the date of such determination or another date specified by the Board) to the per
share consideration received by holders of outstanding shares of Class A common stock as a result
of the Reorganization Event.

          (3) Consequences of a Reorganization Event on Restricted Stock. Upon the occurrence of
a Reorganization Event other than a liquidation or dissolution of the Company, the repurchase and
other rights of the Company with respect to outstanding Restricted Stock shall inure to the benefit
of the Company’s successor and shall, unless the Board determines otherwise, apply to the cash,
securities or other property which the Class A common stock was converted into or exchanged for
pursuant to such Reorganization Event in the same manner and to the same extent as they applied to
such Restricted Stock; provided, however, that the Board may provide for termination or deemed
satisfaction of such repurchase or other rights under the instrument evidencing any Restricted
Stock or any other agreement between a Participant and the Company, either initially or by
amendment. Upon the occurrence of a Reorganization Event involving the liquidation or dissolution
of the Company, except to the extent specifically provided to the contrary in the instrument
evidencing any Restricted Stock or any other

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agreement  between a Participant and the Company, all restrictions and conditions on all Restricted Stock then
outstanding shall automatically be deemed terminated or satisfied.

	10.	 	General Provisions Applicable to Awards

     (a) Transferability of Awards. Awards shall not be sold, assigned, transferred,
pledged or otherwise encumbered by the person to whom they are granted, either voluntarily or by
operation of law, except by will or the laws of descent and distribution or, other than in the case
of an Incentive Stock Option, pursuant to a qualified domestic relations order, and, during the
life of the Participant, shall be exercisable only by the Participant; provided, however, that the
Board may permit or provide in an Award for the gratuitous transfer of the Award by the Participant
to or for the benefit of any immediate family member, family trust or other entity established for
the benefit of the Participant and/or an immediate family member thereof if the Company would be
eligible to use a Form S-8 under the Securities Act for the registration of the sale of the Class A
common stock subject to such Award to such proposed transferee; provided further, that the Company
shall not be required to recognize any such permitted transfer until such time as such permitted
transferee shall, as a condition to such transfer, deliver to the Company a written instrument in
form and substance satisfactory to the Company confirming that such transferee shall be bound by
all of the terms and conditions of the Award. References to a Participant, to the extent relevant
in the context, shall include references to authorized transferees. For the avoidance of doubt,
nothing contained in this Section 10(a) shall be deemed to restrict a transfer to the Company.

     (b) Documentation. Each Award shall be evidenced in such form (written, electronic or
otherwise) as the Board shall determine. Each Award may contain terms and conditions in addition to
those set forth in the Plan.

     (c) Board Discretion. Except as otherwise provided by the Plan, each Award may be made
alone or in addition or in relation to any other Award. The terms of each Award need not be
identical, and the Board need not treat Participants uniformly.

     (d) Termination of Status. The Board shall determine the effect on an Award of the
disability, death, termination or other cessation of employment, authorized leave of absence or
other change in the employment or other status of a Participant and the extent to which, and the
period during which, the Participant, or the Participant’s legal representative, conservator,
guardian or Designated Beneficiary, may exercise rights under the Award.

     (e) Withholding. The Participant must satisfy all applicable federal, state, and local
or other income and employment tax withholding obligations before the Company will deliver stock
certificates or otherwise recognize ownership of Class A common stock under an Award. The Company
may decide to satisfy the withholding obligations through additional withholding on salary or
wages. If the Company elects not to or cannot withhold from other compensation, the Participant
must pay the Company the full amount, if any, required for withholding or have a broker tender to
the Company cash equal to the withholding obligations. Payment of withholding obligations is due
before the Company will issue any shares on exercise, vesting or release from forfeiture of an
Award or at the same time as payment of the exercise or purchase price, unless the Company
determines otherwise. If provided for in an Award or approved by the

-10-

 

Board in its sole discretion, a Participant may satisfy such tax obligations in whole or in part by
delivery (either by actual delivery or attestation) of shares of Class A common stock, including
shares retained from the Award creating the tax obligation, valued at their Fair Market Value;
provided, however, except as otherwise provided by the Board, that the total tax withholding where
stock is being used to satisfy such tax obligations cannot exceed the Company’s minimum statutory
withholding obligations (based on minimum statutory withholding rates for federal and state tax
purposes, including payroll taxes, that are applicable to such supplemental taxable income). Shares
used to satisfy tax withholding requirements cannot be subject to any repurchase, forfeiture,
unfulfilled vesting or other similar requirements.

     (f) Amendment of Award. Except as otherwise provided in Section 10(i) with respect to
Performance Awards or Section 11(d) with respect to actions requiring stockholder approval, the
Board may amend, modify or terminate any outstanding Award, including but not limited to,
substituting therefor another Award of the same or a different type, changing the date of exercise
or realization, and converting an Incentive Stock Option to a Nonstatutory Stock Option. The
Participant’s consent to such action shall be required unless (i) the Board determines that the
action, taking into account any related action, does not materially and adversely affect the
Participant’s rights under the Plan or (ii) the change is permitted under Section 9.

     (g) Conditions on Delivery of Stock. The Company will not be obligated to deliver any
shares of Class A common stock pursuant to the Plan or to remove restrictions from shares
previously issued or delivered under the Plan until (i) all conditions of the Award have been met
or removed to the satisfaction of the Company, (ii) in the opinion of the Company’s counsel, all
other legal matters in connection with the issuance and delivery of such shares have been
satisfied, including any applicable securities laws and regulations and any applicable stock
exchange or stock market rules and regulations, and (iii) the Participant has executed and
delivered to the Company such representations or agreements as the Company may consider appropriate
to satisfy the requirements of any applicable laws, rules or regulations.

     (h) Acceleration. The Board may at any time provide that any Award shall become
immediately exercisable in whole or in part, free of some or all restrictions or conditions, or
otherwise realizable in whole or in part, as the case may be.

     (i) Performance Awards.

          (1) Grants. Restricted Stock Awards and Other Stock-Based Awards under the Plan may be
made subject to the achievement of performance goals pursuant to this Section 10(i) (“Performance
Awards”).

          (2) Committee. Grants of Performance Awards to any Covered Employee (as defined below)
intended to qualify as “performance-based compensation” under Section 162(m) (“Performance-Based
Compensation”) shall be made only by a Committee (or a subcommittee of a Committee) comprised
solely of two or more directors eligible to serve on a committee making Awards qualifying as
“performance-based compensation” under Section 162(m). In the case of such Awards granted to
Covered Employees, references to the Board or to a Committee shall be treated as referring to such
Committee (or subcommittee). “Covered Employee” shall

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mean any person who is, or whom the Committee, in its discretion, determines may be, a
“covered employee” under Section 162(m)(3) of the Code.

          (3) Performance Measures. For any Award that is intended to qualify as
Performance-Based Compensation, the Committee shall specify that the degree of granting, vesting
and/or payout shall be subject to the achievement of one or more objective performance measures
established by the Committee, which shall be based on the relative or absolute attainment of
specified levels of one or any combination of the following, which may be determined pursuant to
generally accepted accounting principles (“GAAP”) or on a non-GAAP basis, as determined by the
Committee: net income, earnings before or after discontinued operations, interest, taxes,
depreciation and/or amortization, operating profit before or after discontinued operations and/or
taxes, revenue, revenue growth, earnings growth, cash flow or cash position, gross margins, stock
price, market share, return on total revenue, assets, equity or investment, value of customer
contracts signed, improvement of financial ratings, achievement of balance sheet or income
statement objectives or total stockholder return. Such goals may reflect absolute entity or
business unit performance or a relative comparison to the performance of a peer group of entities
or other external measure of the selected performance criteria and may be absolute in their terms
or measured against or in relationship to other companies comparably, similarly or otherwise
situated. The Committee may specify that such performance measures shall be adjusted to exclude any
one or more of (i) extraordinary items, (ii) gains or losses on the dispositions of discontinued
operations, (iii) the cumulative effects of changes in accounting principles, (iv) the writedown of
any asset, (vi) fluctuation in foreign currency exchange rates, and (vi) charges for restructuring
and rationalization programs. Such performance measures: (i) may vary by Participant and may be
different for different Awards; (ii) may be particular to a Participant or the department, branch,
line of business, subsidiary or other unit in which the Participant works and may cover such period
as may be specified by the Committee; and (iii) shall be set by the Committee within the time
period prescribed by, and shall otherwise comply with the requirements of, Section 162(m). Awards
that are not intended to qualify as Performance-Based Compensation may be based on these or such
other performance measures as the Board may determine.

          (4) Adjustments. Notwithstanding any provision of the Plan, with respect to any
Performance Award that is intended to qualify as Performance-Based Compensation, the Committee may
adjust downwards, but not upwards, the cash or number of shares payable pursuant to such Award, and
the Committee may not waive the achievement of the applicable performance measures except in the
case of the death or disability of the Participant or a change in control of the Company.

          (5) Other. The Committee shall have the power to impose such other restrictions on
Performance Awards as it may deem necessary or appropriate to ensure that such Awards satisfy all
requirements for Performance-Based Compensation.

	11.	 	Miscellaneous

     (a) No Right To Employment or Other Status. No person shall have any claim or right to
be granted an Award by virtue of the adoption of the Plan, and the grant of an Award shall not be
construed as giving a Participant the right to continued employment or any other

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relationship with the Company. The Company expressly reserves the right at any time to dismiss
or otherwise terminate its relationship with a Participant free from any liability or claim under
the Plan, except as expressly provided in the applicable Award.

     (b) No Rights As Stockholder. Subject to the provisions of the applicable Award, no
Participant or Designated Beneficiary shall have any rights as a stockholder with respect to any
shares of Class A common stock to be distributed with respect to an Award until becoming the record
holder of such shares.

     (c) Effective Date and Term of Plan. The Plan shall become effective on the date the
Plan is approved by the Company’s stockholders (the “Effective Date”). No Awards shall be granted
under the Plan after the expiration of 10 years from the Effective Date, but Awards previously
granted may extend beyond that date.

     (d) Amendment of Plan. The Board may amend, suspend or terminate the Plan or any
portion thereof at any time provided that (i) to the extent required by Section 162(m), no Award
granted to a Participant that is intended to comply with Section 162(m) after the date of such
amendment shall become exercisable, realizable or vested, as applicable to such Award, unless and
until the Company’s stockholders approve such amendment in the manner required by Section 162(m);
and (ii) no amendment that would require stockholder approval under the rules of the New York Stock
Exchange may be made effective unless and until the Company’s stockholders approve such amendment;.
In addition, if at any time the approval of the Company’s stockholders is required as to any other
modification or amendment under Section 422 of the Code or any successor provision with respect to
Incentive Stock Options, the Board may not effect such modification or amendment without such
approval. Unless otherwise specified in the amendment, any amendment to the Plan adopted in
accordance with this Section 11(d) shall apply to, and be binding on the holders of, all Awards
outstanding under the Plan at the time the amendment is adopted, provided the Board determines that
such amendment, taking into account any related action, does not materially and adversely affect
the rights of Participants under the Plan. No Award shall be made that is conditioned upon
stockholder approval of any amendment to the Plan unless the Award provides that (i) it will
terminate or be forfeited if stockholder approval of such amendment is not obtained within no more
than 12 months from the date of grant and (2) it may not be exercised or settled (or otherwise
result in the issuance of Class A common stock) prior to such stockholder approval.

     (e) Authorization of Sub-Plans (including for Grants to non-U.S. Employees). The Board
may from time to time establish one or more sub-plans under the Plan for purposes of satisfying
applicable securities, tax or other laws of various jurisdictions. The Board shall establish such
sub-plans by adopting supplements to the Plan containing (i) such limitations on the Board’s
discretion under the Plan as the Board deems necessary or desirable or (ii) such additional terms
and conditions not otherwise inconsistent with the Plan as the Board shall deem necessary or
desirable. All supplements adopted by the Board shall be deemed to be part of the Plan, but each
supplement shall apply only to Participants within the affected jurisdiction and the Company shall
not be required to provide copies of any supplement to Participants in any jurisdiction which is
not the subject of such supplement.

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     (f) Compliance with Section 409A of the Code. Except as provided in individual Award
agreements initially or by amendment, if and to the extent (i) any portion of any payment,
compensation or other benefit provided to a Participant pursuant to the Plan in connection with his
or her employment termination constitutes “nonqualified deferred compensation” within the meaning
of Section 409A of the Code and (ii) the Participant is a specified employee as defined in Section
409A(a)(2)(B)(i) of the Code, in each case as determined by the Company in accordance with its
procedures, by which determinations the Participant (through accepting the Award) agrees that he or
she is bound, such portion of the payment, compensation or other benefit shall not be paid before
the day that is six months plus one day after the date of “separation from service” (as determined
under Section 409A of the Code) (the “New Payment Date”), except as Section 409A of the Code may
then permit. The aggregate of any payments that otherwise would have been paid to the Participant
during the period between the date of separation from service and the New Payment Date shall be
paid to the Participant in a lump sum on such New Payment Date, and any remaining payments will be
paid on their original schedule.

The Company makes no representations or warranty and shall have no liability to the Participant or
any other person if any provisions of or payments, compensation or other benefits under the Plan
are determined to constitute nonqualified deferred compensation subject to Section 409A of the Code
but do not to satisfy the conditions of that section.

     (g) Limitations on Liability. Notwithstanding any other provisions of the Plan, no
individual acting as a director, officer, employee or agent of the Company will be liable to any
Participant, former Participant, spouse, beneficiary, or any other person for any claim, loss,
liability, or expense incurred in connection with the Plan, nor will such individual be personally
liable with respect to the Plan because of any contract or other instrument he or she executes in
his or her capacity as a director, officer, employee or agent of the Company. The Company will
indemnify and hold harmless each director, officer, employee or agent of the Company to whom any
duty or power relating to the administration or interpretation of the Plan has been or will be
delegated, against any cost or expense (including attorneys’ fees) or liability (including any sum
paid in settlement of a claim with the Board’s approval) arising out of any act or omission to act
concerning the Plan unless arising out of such person’s own fraud or bad faith.

     (h) Governing Law. The provisions of the Plan and all Awards made hereunder shall be
governed by and interpreted in accordance with the laws of the State of Delaware, excluding
choice-of-law principles of the law of such state that would require the application of the laws of
a jurisdiction other than the State of Delaware.

-14-

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