Document:

Exhibit

Exhibit 10.11
Minnesota employee

RETENTION AGREEMENT

THIS RETENTION AGREEMENT (“Agreement”) is made by and between David G. Ristow (“Employee”) and Qumu Corporation (“Company”), and is dated as of March 3, 2020.

WHEREAS, pursuant to an Agreement and Plan of Merger and Reorganization dated as of February 11, 2020 by and among Synacor, Inc., a Delaware corporation (“Synacor”), Quantum Merger Sub I, Inc., a Minnesota corporation and a direct, wholly owned subsidiary of Synacor (“Merger Sub”), and the Company (the “Merger Agreement”), Merger Sub will be merged with and into the Company (the “Merger”), and the Company will continue as the surviving corporation in the Merger and as a wholly owned subsidiary of Synacor;

WHEREAS, Employee is an employee of the Company; and

WHEREAS, in recognition of the pending Merger, the Company and Employee wish to enter into this Agreement to address Employee’s continued services to the Company through the Term (as defined below).

NOW, THEREFORE, in consideration of the premises and the mutual promises hereinafter contained, the parties hereto agree as follows:

1.Scope and Term of Services.

1.1    Employee will continue employment with the Company as an at-will employee from the date of execution of this Agreement through July 31, 2020 (“Term”).

1.2    During the Term, Employee shall continue to perform the job duties and responsibilities of Employee’s position with the Company under the terms of any employment agreement then in effect with Company and the Company’s policies and procedures.  Nothing herein changes the current terms of employment, any current employment agreement nor any severance/change in control letter agreement between the Employee and the Company.

1.3    Except as otherwise provided in this Agreement, so long as Employee remains employed by the Company through the end of the Term, and subject to receipt of an executed release in the form attached as Exhibit A and dated as of and no earlier than the end of the Term, and Employee does not revoke the release, Employee shall receive a lump sum cash bonus in the amount of $54,000.00 (the “Stay Bonus”).  The Stay Bonus shall be payable no later than the first pay period following the end of the Term, receipt of the executed release and expiration of any applicable revocation right or waiting period, net of applicable payroll taxes and withholdings, in addition to any wages, salary or other compensation payable by the Company through the end of the Term.  Notwithstanding any other provision of the Agreement, all rights of Employee will be discontinued and forfeited, and the Company will have no further obligation under this Agreement to Employee, if Employee breaches any non-competition, nonsolicitation or confidentiality agreement or any statutory or common law duty of loyalty and trade secrets owed by Employee to the Company.

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1.4    If Employee resigns from employment with the Company for any reason at any time during the Term of this Agreement or Employee is terminated by the Company for Cause (as defined below), Employee will not be entitled to receive the Stay Bonus described in Section 1.3, and any and all of Employee’s rights with respect to this Agreement will terminate and be forfeited.  If Employee is terminated by the Company without Cause at any time during the Term of this Agreement, upon execution of a release of claims against the Company in the form attached hereto as Exhibit A, dated on or after the Employee’s termination date, and expiration of any applicable revocation right or waiting period, the Company will pay Employee the Stay Bonus.  For purposes of this Agreement, “Cause” shall be defined as (i) Employee’s conviction, plea of guilty, no contest or nolo contendere for any felony under the laws of the United States or any State; (ii) Employee’s commission of fraud, theft, embezzlement, misappropriation, or breach of fiduciary duty; (iii) Employee materially fails to comply with the Company’s written policies or rules, or materially or persistently fails or neglects to perform or carry out his/her duties and obligations under or otherwise violates the terms of this Agreement, any confidentiality, proprietary information and inventions agreement with the Company or the Employee’s employment agreement with the Company if applicable), including but not limited to any restrictive covenants after reasonable notice and an opportunity to cure; (iv) Employee materially or persistently refuses or neglects to comply with any lawful and reasonable order given to Employee by the Company’s management; or (v) Employee’s failure to cooperate in good faith with a governmental or internal investigation of the Company, or their directors, officers or employees, if the Company has requested Employee’s cooperation.

1.5    Notwithstanding any earlier payment date, any payment of a Stay Bonus made under this Agreement shall be paid within seventy-five (75) days following the end of the Term (or such earlier termination date as set forth in Section 1.4 of this Agreement), provided that Employee has executed and submitted the release in the form attached as Exhibit A, and further provided that the payment will be paid in the second taxable year if the seventy-five (75)-day period begins in one taxable year and ends in the subsequent taxable year.  This Agreement is intended to satisfy the requirements of Internal Revenue Code of 1986 (“Code”) §409A and regulations thereunder.  The Company will, to the extent reasonably possible, administer and interpret this Agreement to comply with the requirements of Code §409A and regulations thereunder.  No payment under this Agreement or any payment in substitution for a payment under this Agreement will be accelerated or deferred, except as provided in this Agreement, or as may be permitted in accordance with Code § 409A and regulations thereunder.  If at the time of a payment to Employee there shall be outstanding any indebtedness from Employee to the Company, the Company may, at its option, by notice in writing to Employee, apply and offset all or any part of the indebtedness, whether or not then due or payable, against all or any part of any payment otherwise to be made under the Agreement.

2.Additional Obligations.

2.1    Employee agrees that Employee will not, orally or in writing, at any time, for any reason, directly or indirectly, disparage, discredit, or otherwise adversely criticize the Company or any of its subsidiaries, parents or affiliates, or their respective agents, officers, directors, members, employees, customers, suppliers or contractors, or the business of the Company or the 

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services or products sold or offered for sale by the Company, for the purpose of causing harm or damage to the Company or the business reputation of the Company or any of its subsidiaries, parents or affiliates, or their respective agents, officers, members, directors, employees, customers, suppliers or contractors.

2.2.    Employee will hold in strictest confidence and will not, without the prior written approval of the Company, use for Employee’s benefit or the benefit of any third party or disclose to any person or entity outside of the Company (other than as required by law) any Confidential Information.  Intending that the term shall be broadly construed to include anything protectable under applicable state or federal law relating to trade secrets, “Confidential Information” means all information, and all documents and other tangible items which record information, relating to the Company’s business and, after the Effective Time (as defined in the Merger Agreement), relating to the business of Synacor, which at the time or times concerned is protectable as a trade secret, and which has been from time to time disclosed to or known by Employee as a result of his/her relationship with the Company.  Confidential Information does not mean or include such information which is (i) readily available to others from sources other than the Company or Employee, or (ii) in the public domain. By signing this Agreement, Employee acknowledges that Employee has not used or disclosed, and agrees that Employee will not at any time use or disclose, directly or indirectly, to any other entity or person, any Confidential Information.  Notwithstanding the foregoing, an individual shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that (A) is made (i) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.  Nothing in this Agreement is intended to conflict with 18 U.S.C. § 1833(b) or create liability for disclosures of trade secrets that are expressly allowed by 18 U.S.C. § 1833(b).  Also, the Company will not retaliate against Employee for disclosing Employee’s own wages under applicable local, state, or federal law.  In addition, nothing herein prohibits Employee from engaging in protected speech under the National Labor Relations Act.

2.3.    Employee specifically recognizes that any breach of Sections 2.1 and 2.2 will cause irreparable injury to the Company and that actual damages would be difficult to ascertain, and in any event, would be inadequate.  Accordingly, Employee agrees that in the event of any such breach, the Company shall be entitled to injunctive relief in addition to such other legal and equitable remedies that may be available, without the posting of a bond or other security (to the extent waiver of such posting is permissible by law) or making a showing of any special damages or irreparable injury and that it will result in immediate termination of Employee for Cause and no Stay Bonus will be paid to Employee.

2.4.    Employee agrees to cooperate with and assist the Company in any investigations, proceedings, or actions relating to any matter in which Employee was involved or of which Employee had knowledge while an Employee of the Company, subject to reimbursement for approved expenses, and for a period of six (6) months Employee agrees to keep the Company advised of any changes in the Employee’s home address or telephone number.  Employee further agrees that, unless compelled by law to do so, Employee will not assist any person or entity in the 

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investigation or prosecution of any claim, proceeding or lawsuit against the Company.  In return, should Employee be called on to cooperate and assist the Company in any way, the Company agrees to provide Employee with reasonable notification whenever possible.

2.5    Employee agrees to keep this Agreement and the terms hereof strictly confidential and not to disclose the existence of this Agreement or its terms to anyone except the Employee’s spouse, legal and financial advisors.

3.Miscellaneous.

3.1    Complete Agreement.  This Agreement is the entire agreement between the parties concerning a Stay Bonus and supersedes and replaces any existing arrangement, agreement, representation or understanding between the parties (whether written, oral, implied or otherwise) related to such bonus but does not supersede any employment agreement between the parties.  No provision of this Agreement may be waived, modified or superseded other than by means of a written instrument that refers to this Agreement and is executed by the Company and Employee.  Notwithstanding the foregoing, if and to the extent that any provision of this Agreement does not comply with Internal Revenue Code §409A, such provision shall be administered and interpreted in a manner consistent with the requirements of Code §409A; if and solely to the extent that any such provision does not comply with Code §409A, the Company will have the authority, without the consent of Employee , to amend this Agreement with respect to that provision to the extent the Company determines in its sole and reasonable judgment to avoid any portion payable under this Agreement to Employee being either retroactively included in taxable income for any taxable period prior to the actual payment or subject to the excise tax under Code §409A.

3.2    Severability.  It is further agreed and understood by the parties hereto that if any part, term or provision of this Agreement should be held unenforceable in the jurisdiction in which either party seeks enforcement of the contract, it shall be construed as if not containing the invalid provision or provisions, and the remaining portions or provisions shall govern the rights and obligations of the parties.

3.3    Governing Law.  This Agreement shall be construed and enforced in accordance with the internal laws of the State of Minnesota, without regard to conflicts of law provisions.

3.4    Successors and Assigns.  This Agreement is personal in nature and cannot be assigned by Employee or the Company.  Notwithstanding the foregoing, the Company may assign this Agreement to any corporate parent, affiliate or subsidiary or purchaser of a majority of its stock or assets. The terms, conditions and covenants herein shall be binding upon the heirs and personal representatives of Employee, and the successors, assigns of Company and any parent, subsidiary or affiliate of Company. If the Effective Time  occurs prior to the end of the Term, (a) the term “Company” shall expressly include the Company as the surviving corporation in the Merger and (b) Synacor shall be a third party beneficiary of Employee’s obligations to the Company under this Agreement, with full rights of enforcement as if a party hereto.

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3.5    Enforceability of Rights.  No delay or omission by the Company to exercise any right, power, or remedy accruing to it upon any breach or default under this Agreement shall be deemed a waiver of any other breach or default theretofore or thereafter occurring.  Any waiver, permit, consent, or approval of any kind or character on the part of the Company of any breach or default under this Agreement must be in writing and shall be effective only to the extent specifically set forth in such writing.  All remedies, either under this Agreement or by law or otherwise afforded to either of the parties, shall be cumulative and not alternative.

3.6    Unfunded Status; No Synacor Obligation.  This Agreement will at all times be entirely unfunded and no provision will at any time be made with respect to segregating assets of the Company for payment of any benefits hereunder.  Employee will not have any interest in any particular assets of the Company by reason of the right to receive a benefit under this Agreement and Employee will have only the rights of a general unsecured creditor of the Company with respect to rights under this Agreement.  Employee agrees that all obligations or liabilities based upon or related to this Agreement are those solely of the Company. In furtherance and not in limitation of the foregoing, Employee covenants, agrees and acknowledges that no recourse under this Agreement shall be sought or had against Synacor and Synacor shall not have any obligations or liabilities based upon or related to this Agreement.

3.7.    No Trust or Fiduciary Status.  Nothing in this Agreement will establish any trust or similar arrangement with regard to the rights of Employee or any beneficiary of Employee, nor will the Company or any officer, employee or service provider become a fiduciary with respect to this Agreement for purposes of the Employee Retirement Income Security Act of 1974, if applicable, or any state trust laws.

3.8    Counterparts.  This Agreement may be executed in any number of counterparts, each of which shall be deemed an original and enforceable against the parties actually executing such counterpart, and all of which, when taken together, shall constitute one instrument.

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IN WITNESS WHEREOF, the parties have duly executed this Retention Agreement as of the date and year first above written.
	
				
	COMPANY:
	 
	QUMU CORPORATION

	 
	 
	 
	 

	 
	 
	By:
	/s/ Vern Hanzlik

	 
	 
	 
	 

	 
	 
	Its:
	Chief Executive Officer

	 
	 
	 
	 

	EMPLOYEE:
	 
	/s/ David G. Ristow

	 
	 
	 
	David G. Ristow

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EXHIBIT A

RELEASE AGREEMENT

I, ______________________, do hereby release, agree not to sue, and forever discharge QUMU CORPORATION, [SYNACOR, INC.], and any of their subsidiaries, parents, or affiliates, and each of its and their respective present and former shareholders, officers, directors, employees, representatives, consultants, insurers and agents, and the successors and assigns of each, whether in their individual or official capacities (hereafter collectively referred to as “Releasees”), of and from any and all manner of claims, demands, actions, causes of action, administrative claims, liability, damages, claims for punitive or liquidated damages, claims for attorney’s fees, costs and disbursements, individual or class action claims, or demands of any kind whatsoever, I have or might have against them or any of them, whether known or unknown, in law or equity, contract or tort, arising out of or in connection with my employment with Qumu Corporation, however originating or existing, from the beginning of time through the date of my signing this Release Agreement.

I release and discharge the Releasees not only from any and all claims that I could bring on my own behalf, but also those that may or could be brought by any other person or organization on my behalf, and agree not to voluntarily become a member of any class or to voluntarily participate in any proceeding or case in which a claim or claims against the Releasees that may arise, in whole or in part, from any event that occurred before or as of the date of signing this Release Agreement.

Without limiting the generality of the foregoing, this release includes, but is not limited to, any claims I may have for wages, bonuses, commissions, penalties, deferred compensation, vacation pay, sick pay, separation benefits, defamation, retaliation, invasion of privacy, negligence, emotional distress, improper discharge (based on contract, common law, or statute, including any federal, state or local statute or ordinance prohibiting discrimination or retaliation in employment), alleged violation of the Minnesota Human Rights Act, the Age Discrimination in Employment Act, as amended, Title VII of the Civil Rights Act, 42 U.S.C. § 2000e et seq., the Americans with Disabilities Act, 42 U.S.C. §12101 et seq., as amended, the Employment Retirement Income Security Act of 1976, 29 U.S.C. § 1001 et seq., the Family Medical Leave Act, and any claim for discrimination, harassment or retaliation based on sex, race, color, creed, religion, age, national origin, marital status, sexual orientation, disability, status with regard to public assistance, sexual harassment, or any other protected status under any other state, local or federal law.

I affirm that I have not caused or permitted, and to the full extent permitted by law will not cause or permit to be filed, any charge, complaint, or action of any nature or type against the Releasees, including but not limited to any action or proceeding raising claims arising in tort or contract, or any claims arising under federal, state, or local laws, or with any state or federal agencies.  Notwithstanding the foregoing, I expressly understand that nothing prevents me from filing a charge with the EEOC or participating in any investigation by the EEOC or any of its state or local deferral agencies; although, if I file, or have filed on my behalf, an action of any nature, I agree that the Stay Bonus is in complete satisfaction of any and all claims in connection with such action.

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Notice of Rights Pursuant to the Federal Age Discrimination in Employment Act (29 U.S.C. § 629 et seq.).  By signing this Release Agreement, I acknowledge and agree that I have been informed that I have the right to consult with an attorney of my choice prior to signing this Release Agreement.  I acknowledge that I have been entitled to forty-five (45) calendar days from receipt of this Release Agreement to consider whether the terms are acceptable to me, and that the job titles and ages of those individuals that were part of the decisional unit and offered or not offered the Stay Bonus have been disclosed to me as provided for below, and that if I sign this Release Agreement prior to the end of the forty-five (45) calendar days, it is by my choice and I understand that I am waiving the remaining calendar days.

	
				
	Department
	Job Title
	Age
	Offered Stay Bonus
(Y/N)

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

I have also been notified by this Release Agreement that I may rescind the release of claims arising under the federal Age Discrimination in Employment Act, 29 U.S.C. §§ 621-634, within seven (7) calendar days of my signing this Release and that I may rescind claims arising under the Minnesota Human Rights Act within fifteen (15) calendar days of my signing this Release.  In order to be effective, I understand that my rescission must (i) be in writing; (ii) delivered by hand or mailed to April Hamlin, Attorney at Law, Ballard Spahr LLP, 2000 IDS Center, 80 South Eighth Street, Minneapolis, MN 55402, within the required period; and (iii) if delivered by mail, the rescission must be postmarked within the statutory period, properly addressed to April Hamlin, Attorney at Law, as set forth above, and sent by certified mail, return receipt requested.  This Release Agreement will be effective upon expiration of the fifteen (15)-day period without rescission.  If I rescind this Release Agreement, I will not receive the Stay Bonus in the Retention Agreement.

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I acknowledge that I have read and understand and agree to the terms and conditions set forth herein, and have signed this Release Agreement freely, voluntarily, and with full knowledge and understanding of its meaning.
	
				
	Dated:
	 
	 
	 

	 
	 
	 
	[Signature]

9Exhibit 10.6.1

  

  

  

  
    ROCKET PHARMACEUTICALS, INC.

     

    SECOND AMENDED AND RESTATED 2014 STOCK OPTION AND INCENTIVE PLAN

    

    

    RESTRICTED STOCK UNIT AWARD AGREEMENT

     

    Unless otherwise defined herein, the terms defined in the Rocket Pharmaceuticals, Inc. Second Amended and Restated 2014 Stock Option and Incentive Plan (the “Plan”) will have the same defined meanings in this Restricted Stock Unit Award Agreement (the “Award Agreement”).

     

    
      
        	I.	
                NOTICE OF RESTRICTED STOCK UNIT GRANT

                  

              

      

    

     

    

     Participant Name:

     

    

    You have been granted the right to receive an Award of Restricted Stock Units, subject to the terms and conditions of the Plan and this Award Agreement, as follows:

     

    
      	
              Grant Number

            	 	 
	 	 	 
	
              Date of Grant

            	 	 
	 	 	 
	
              Vesting Commencement Date

            	 	 
	 	 	 
	
              Number of Restricted Stock Units

            	 	 

    

     

    Vesting Schedule:

     

    Subject to Section 3 of the Award Agreement, the Restricted Stock Units will vest in accordance with the following schedule:

     

    [Insert Vesting Schedule]

     

    Notwithstanding the foregoing or any provision of the Plan or the Award Agreement to the contrary, if a Sale Event (as defined in the Plan) occurs and the Participant’s status as an Employee is
      terminated by the Company or a Subsidiary without Cause or by the Participant for Good Reason (as defined herein) within 12 months following the Sale Event, 100% of the Restricted Stock Units shall become immediately vested (an “Acceleration of Vesting”). “Good Reason” means the occurrence, without the Participant’s express written consent, which circumstances are not remedied by the Company within
      thirty (30) days of its receipt of a written notice from the Participant describing the applicable circumstances (which notice must be provided by the Participant within ninety (90) days of the Participant’s knowledge of the applicable
      circumstances), of one or more of the following: (a) any material, adverse change in the Participant’s duties, responsibilities, authority, title or reporting structure; (b) a material reduction in the Participant’s base salary or bonus opportunity;
      or (c) a geographical relocation of the Participant’s principal office location by more than fifty (50) miles.

     

    

    
      
        

    

    
    In the event Participant ceases to be an Employee for any or no reason before Participant vests in the Restricted Stock Unit, the Restricted Stock Unit and Participant’s right to acquire any Stock
      hereunder will terminate in accordance with Section 3 of the Award Agreement.

     

    

    
      - 2 -

      
        

    

    By Participant’s signature and the signature of the representative of Rocket Pharmaceuticals, Inc. (the “Company”)
      below, or by Participant otherwise accepting this Award, Participant and the Company agree that this Award of Restricted Stock Units is granted under and governed by the terms and conditions of the Plan and this Award Agreement, including the Terms
      and Conditions of this Notice of Restricted Stock Unit Grant (including any country-specific addendum thereto), attached hereto as Exhibit A, all of which are made a part of this document. Participant has reviewed the Plan and this Award
      Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Award Agreement and fully understands all provisions of the Plan and Award Agreement. Participant hereby agrees to accept as binding,
      conclusive and final all decisions or interpretations of the Administrator upon any questions relating to the Plan and Award Agreement.

    

    

    	
            PARTICIPANT:

          	 	
            ROCKET PHARMACEUTICALS, INC.

          
	 	 	 
	 	 	 
	
            Signature

          	 	
            By

          
	 	 	 
	 	 	 
	
            Print Name

          	 	
            Title

          

     

    

    
      - 3 -

      
        

    

    EXHIBIT A

     

    TERMS AND CONDITIONS OF RESTRICTED STOCK UNIT GRANT

     

    1.          Grant. The Company hereby grants to the individual named in the Notice of Restricted Stock Unit Grant attached as Part I of this Award Agreement (the “Participant”) under the Plan an Award of Restricted Stock Units, subject to all of the terms and conditions in this Award Agreement and the Plan, which is incorporated herein by reference. Subject to Section 16 of
      the Plan, in the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Award Agreement, the terms and conditions of the Plan will prevail.

     

    2.          Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive Stock on the date it vests. Unless and until the Restricted Stock Units will have vested in
      the manner set forth in Section 3, Participant will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Units will represent an unsecured obligation of the
      Company, payable (if at all) only from the general assets of the Company. Any Restricted Stock Units that vest in accordance with Section 3 will be paid to Participant (or in the event of Participant’s death, to his or her estate) in whole shares of
      Stock as set forth herein, subject to Participant satisfying any Tax-Related Items as set forth in Section 7. Subject to the provisions of Section 4, such vested Restricted Stock Units will be paid in whole shares of Stock as soon as practicable
      after vesting, but in each such case within the period ending no later than the date that is two and one-half (21⁄2) months from the end of the Company’s tax year that includes the vesting date. In no event will Participant be permitted, directly or
      indirectly, to specify the taxable year of the payment of any Restricted Stock Units payable under this Award Agreement.

     

    3.          Vesting Schedule. Subject to Section 5, the Restricted Stock Units awarded by this Award Agreement will vest in accordance with the vesting provisions set forth in the Notice of
      Restricted Stock Unit Grant. Restricted Stock Units scheduled to vest on a certain date or upon the occurrence of a certain condition will not vest in accordance with any of the provisions of this Award Agreement, unless Participant will have been
      continuously an employee of the Company, or any parent or Subsidiary of the Company (an “Employee”) from the date of grant until the date such vesting occurs. Employee status for purposes of this Award will
      end on the day that Participant is no longer actively providing services as an Employee and will not be extended by any notice period or “garden leave” that may be required contractually or under applicable laws. Notwithstanding the foregoing, the
      Administrator (or any delegate) shall have the sole and absolute discretion to determine when Participant is no longer providing active service for purposes of Employee status and participation in the Plan.

     

    

    
      - 4 -

      
        

    

    4.          Administrator Discretion. Notwithstanding anything in the Plan or this Award Agreement to the contrary, if the vesting of the balance, or some lesser portion of the balance, of the
      Restricted Stock Units is accelerated in connection with Participant’s termination as an Employee (provided that such termination is a “separation from service” within the meaning of Section 409A, as determined by the Company), other than due to
      death, and if (x) Participant is a “specified employee” within the meaning of Section 409A at the time of such termination as an Employee and (y) the payment of such accelerated Restricted Stock Units will
      result in the imposition of additional tax under Section 409A if paid to Participant on or within the six (6) month period following Participant’s termination as an Employee, then the payment of such accelerated Restricted Stock Units will not be
      made until the date six (6) months and one (1) day following the date of Participant’s termination as a Employee, unless the Participant dies following his or her termination as an Employee, in which case, the Restricted Stock Units will be paid in
      Stock to the Participant’s estate as soon as practicable following his or her death. It is the intent of this Award Agreement that it and all payments and benefits hereunder be exempt from, or comply with, the requirements of Section 409A so that
      none of the Restricted Stock Units provided under this Award Agreement or Stock issuable thereunder will be subject to the additional tax imposed under Section 409A, and any ambiguities herein will be interpreted to be so exempt or so comply. Each
      payment payable under this Award Agreement is intended to constitute a separate payment for purposes of U.S. Treasury Regulation Section 1.409A-2(b)(2). For purposes of this Award Agreement, “Section 409A” means Section 409A of the Code, and any
      final U.S. Treasury Regulations and U.S. Internal Revenue Service guidance thereunder, as each may be amended from time to time.

     

    5.          Forfeiture upon Termination of Status as an Employee. Notwithstanding any contrary provision of this Award Agreement and subject to any Acceleration of Vesting, the balance of the
      Restricted Stock Units that have not vested as of the time Participant’s status as an Employee is terminated will cease vesting in accordance with Section 3 above and Participant’s right to acquire any Stock hereunder will immediately terminate.

    

    

    6.          Death of Participant. To the extent permitted by the Company, Participant may designate a beneficiary or beneficiaries to receive any payment hereunder that is payable on or after
      the Participant’s death. Any such designation shall be on a form provided for that purpose by the Administrator and shall not be effective until received by the Administrator. If no beneficiary has been designated by a deceased Participant, or if the
      designated beneficiaries have predeceased the Participant, or if the beneficiary designation is deemed ambiguous, incomplete or invalid by the Administrator, the beneficiary shall be the Participant’s estate.

     

    7.          Withholding of Taxes. Regardless of any action the Company or Participant’s employer (the “Employer”)
      takes with respect to any or all applicable national, local, or other tax or social contribution, withholding, required deductions, or other payments, if any, that arise upon the grant or vesting of the Restricted Stock Units or the holding or
      subsequent sale of Stock, and the receipt of Dividend Equivalent Rights or dividends, if any, or otherwise in connection with the Restricted Stock Units or Stock (“Tax-Related Items”),
      Participant acknowledges and agrees that the ultimate liability for all Tax-Related Items legally due by Participant is and remains Participant’s responsibility and may exceed any amount actually withheld by the Company or the Employer. Participant
      further acknowledges and agrees that Participant is solely responsible for filing all relevant documentation that may be required in relation to the Restricted Stock Units or any Tax-Related Items (other than filings or documentation that is the
      specific obligation of the Company or a parent, Subsidiary, or Employer pursuant to applicable law) such as but not limited to personal income tax returns or reporting statements in relation to the grant, vesting or settlement of the Restricted Stock
      Units, the holding of Stock or any bank or brokerage account, the subsequent sale of Stock, and the receipt of any Dividend Equivalent Rights or dividends, if any. Participant further acknowledges that the Company and the Employer (a) make no
      representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Restricted Stock Units, including grant or vesting, the subsequent sale of Stock acquired under the Plan, and the receipt of
      Dividend Equivalent Rights or dividends, if any; and (b) does not commit to and is under no obligation to structure the terms of the Restricted Stock Units or any aspect of the Restricted Stock Units to reduce or eliminate Participant’s liability for
      Tax- Related Items, or achieve any particular tax result. Participant also understands that applicable laws may require varying Stock or Restricted Stock Unit valuation methods for purposes of calculating Tax-Related Items, and the Company assumes no
      responsibility or liability in relation to any such valuation or for any calculation or reporting of income or Tax-Related Items that may be required of Participant under applicable laws. Further, if Participant has become subject to tax in more than
      one jurisdiction between the date of grant and the date of any relevant taxable event, Participant acknowledges that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in
      more than one jurisdiction. Notwithstanding any contrary provision of this Award Agreement, no certificate representing the Stock will be issued to Participant, unless and until satisfactory arrangements (as determined by the Administrator) will have
      been made by Participant with respect to the payment of any Tax-Related Items which the Company determines must be withheld with respect to such Stock.

     

    

    
      - 5 -

      
        

    

    As a condition to the grant and vesting of the Restricted Stock Units and as set forth in Section 14 of the Plan, Participant hereby agrees to make adequate provision for the satisfaction of (and
      will indemnify the Company and any parent or Subsidiary for) any Tax-Related Items. Subject to approval by the Administrator, the Tax-Related Items shall be satisfied by the Company’s withholding all or a portion of any Stock that otherwise would be
      issued to Participant upon payment of the vested Restricted Stock Units; provided that amounts withheld shall not exceed the amount necessary to satisfy the Company’s minimum tax withholding obligations. Such withheld Stock shall be valued based on
      the Fair Market Value as of the date the withholding obligations are satisfied. Furthermore, Participant agrees to pay the Company or any parent, Subsidiary, or Employer any Tax-Related Items that cannot be satisfied by the foregoing methods.

     

    8.           Rights as Stockholder. Neither Participant nor any person claiming under or through Participant will have any of the rights or privileges of a stockholder of the Company in
      respect of any Stock deliverable hereunder unless and until certificates representing such Stock will have been issued, recorded on the records of the Company or its transfer agents or registrars, and delivered to Participant; provided, however, that
      the Participant may be credited with Dividend Equivalent Rights with respect to the stock units underlying the Restricted Stock Units, subject to the provisions of Section 12 of the Plan and such terms and conditions as the Administrator may
      determine. After such issuance, recordation and delivery, Participant will have all the rights of a stockholder of the Company with respect to voting such Stock and receipt of dividends and distributions on such Stock, but prior to such issuance,
      Participant will not have any rights to dividends and/or distributions on such Stock.

     

    9.         No Guarantee of Continued Service or Grants. PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING OF THE RESTRICTED STOCK UNITS PURSUANT TO THE VESTING SCHEDULE HEREOF SHALL OCCUR
      ONLY BY CONTINUING AS AN EMPLOYEE AT THE WILL OF THE EMPLOYER OR CONTRACTING ENTITY (AS APPLICABLE) AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS AWARD OF RESTRICTED STOCK UNITS OR ACQUIRING STOCK HEREUNDER. PARTICIPANT FURTHER
      ACKNOWLEDGES AND AGREES THAT THIS AWARD AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS AN EMPLOYEE FOR THE VESTING PERIOD, FOR
      ANY PERIOD, OR AT ALL, AND WILL NOT INTERFERE IN ANY WAY WITH PARTICIPANT’S RIGHT OR THE RIGHT OF THE COMPANY (OR ANY PARENT, SUBSIDIARY, OR EMPLOYER) TO TERMINATE PARTICIPANT’S RELATIONSHIP AS AN EMPLOYEE AT ANY TIME, WITH OR WITHOUT CAUSE, SUBJECT
      TO APPLICABLE LAWS.

     

    

    
      - 6 -

      
        

    

    Participant also acknowledges and agrees that: (a) the Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, suspended or terminated by the
      Company at any time; (b) the grant of Restricted Stock Units is voluntary and occasional and does not create any contractual or other right to receive future grants of Restricted Stock Units, or benefits in lieu of Restricted Stock Units even if
      Restricted Stock Units have been granted repeatedly in the past; (c) all decisions with respect to future awards of Restricted Stock Units, if any, will be at the sole discretion of the Company; (d) Participant’s participation in the Plan is
      voluntary; (e) the Restricted Stock Units and the Stock subject to the Restricted Stock Units are extraordinary items that do not constitute regular compensation for services rendered to the Company or the Employer, and that are outside the scope of
      Participant’s employment contract, if any; (f) the Restricted Stock Units and the Stock subject to the Restricted Stock Units are not intended to replace any pension rights or compensation; (g) the Restricted Stock Units and the Stock subject to the
      Restricted Stock Units are not part of normal or expected compensation or salary for any purposes, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, or end of service payments, bonuses,
      long-service awards, pension or retirement or welfare benefits or similar payments and in no event should be considered as compensation for, or relating in any way to, past services for the Company or the Employer, subject to applicable laws.

     

    10.        Address for Notices. Notices hereunder shall be mailed or delivered to the Company at its principal place of business and shall be mailed or delivered to the Participant at the
      address on file with the Company or, in either case, at such other address as one party may subsequently furnish to the other party in writing.

     

    11.         Grant is Not Transferable. Except to the limited extent provided in Section 6 above or as otherwise provided in Section 13 of the Plan, no Awards of Restricted Stock Units shall
      be sold, assigned, transferred or otherwise encumbered or disposed of by a Participant other than by will or by the laws of descent and distribution or pursuant to a domestic relations order. No Awards of Restricted Stock Units shall be subject, in
      whole or in part, to attachment, execution, or levy of any kind, and any purported transfer in violation hereof shall be null and void.

     

    12.         Binding Agreement. Subject to the limitation on the transferability of this grant contained herein, this Award Agreement will be binding upon and inure to the benefit of the
      heirs, legatees, legal representatives, successors and assigns of the parties hereto.

     

    

    
      - 7 -

      
        

    

    13.        Additional Conditions to Issuance of Stock and Imposition of Other Requirements. If at any time the Company determines, in its discretion, that the listing, registration,
      qualification or rule compliance of the Stock upon any securities exchange or under any applicable laws, the Code or the consent or approval of any governmental regulatory authority is necessary or desirable as a condition to the issuance of Stock to
      Participant (or his or her estate) hereunder, such issuance will not occur unless and until such listing, registration, qualification, rule compliance, consent or approval will have been completed, effected or obtained free of any conditions not
      acceptable to the Company. Where the Company determines that the delivery of the payment of any Stock will violate any state, federal or foreign securities or exchange laws or other applicable laws, the Company will defer delivery until the earliest
      date at which the Company reasonably anticipates that the delivery of Stock will no longer cause such violation. The Company will make all reasonable efforts to meet the requirements of any applicable laws or securities exchange and to obtain any
      such consent or approval of any such governmental authority or securities exchange. The Company shall not be obligated to issue any Stock pursuant to the Restricted Stock Units at any time if the issuance of Stock violates or is not in compliance
      with any applicable laws, rules or regulations of the United States or any state or country.

     

    Furthermore, the Company reserves the right to impose other requirements on Participant’s participation in the Plan, on the Restricted Stock Units and on any Stock acquired under the Plan, to the
      extent the Company determines it is necessary or advisable in order to comply with any applicable laws or facilitate the administration of the Plan, and to require Participant to sign any additional agreements or undertakings that may be necessary to
      accomplish the foregoing. Furthermore, Participant understands that the applicable laws of the country in which he or she is resident at the time of grant or vesting of the Restricted Stock Units or the holding or disposition of Stock (including any
      rules or regulations governing securities, foreign exchange, tax, labor or other matters) may restrict or prevent the issuance of Stock or may subject Participant to additional procedural or regulatory requirements he or she is solely responsible for
      and will have to independently fulfill in relation to the Restricted Stock Units or the Stock. Notwithstanding any provision herein, the Restricted Stock Units and any Stock shall be subject to any special terms and conditions or disclosures as set
      forth in any addendum for Participant’s country (the “Country- Specific Addendum,” which forms part of this Award Agreement). Participant also understands and agrees that if he works, resides, moves to, or otherwise is or becomes subject to
      applicable laws or company policies of another jurisdiction at any time, certain country-specific notices, disclaimers and/or terms and conditions may apply to him as from the date of grant, unless otherwise determined by the Company in its sole
      discretion.

     

    14.         Plan Governs. This Award Agreement is subject to all terms and provisions of the Plan. In the event of a conflict between one or more provisions of this Award Agreement and one or
      more provisions of the Plan, the provisions of the Plan will govern. Capitalized terms used and not defined in this Award Agreement will have the meaning set forth in the Plan.

     

    15.         Administrator Authority. As provided more fully in Section 2(b) of the Plan, the Administrator will have the power to interpret the Plan and this Award Agreement and to adopt such
      rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules (including, but not limited to, the determination of whether or not any Restricted Stock Units have
      vested). All actions taken and all interpretations and determinations made by the Administrator in good faith will be final and binding upon Participant, the Company and all other interested persons. No member of the Administrator will be personally
      liable for any action, determination or interpretation made in good faith with respect to the Plan or this Award Agreement.

     

    

    
      - 8 -

      
        

    

    16.         Electronic Delivery and Acceptance; Translation. The Company may, in its sole discretion, decide to deliver any documents related to Restricted Stock Units awarded under the Plan
      or future Restricted Stock Units that may be awarded under the Plan by electronic means or request Participant’s consent to participate in the Plan by electronic means. Participant hereby consents to receive such documents by electronic delivery and
      agrees to participate in the Plan through any on-line or electronic system established and maintained by the Company or another third party designated by the Company. If Participant has received this Award Agreement, including appendices, or any
      other document related to the Plan translated into a language other than English, and the meaning of the translated version is different than the English version, the English version will control.

     

    17.         Captions. Captions provided herein are for convenience only and are not to serve as a basis for interpretation or construction of this Award Agreement.

     

    18.         Agreement Severable. In the event that any provision in this Award Agreement will be held invalid or unenforceable, such provision will be severable from, and such invalidity or
      unenforceability will not be construed to have any effect on, the remaining provisions of this Award Agreement.

     

    19.         Modifications to the Award Agreement. This Award Agreement constitutes the entire understanding of the parties on the subjects covered. Participant expressly warrants that he or
      she is not accepting this Award Agreement in reliance on any promises, representations, or inducements other than those contained herein. Modifications to this Award Agreement or the Plan can be made only in an express written contract executed by a
      duly authorized officer of the Company. Notwithstanding anything to the contrary in the Plan or this Award Agreement, the Company reserves the right to revise this Award Agreement as it deems necessary or advisable, in its sole discretion and without
      the consent of Participant, to comply with Section 409A or to otherwise avoid imposition of any additional tax or income recognition under Section 409A in connection to this Award of Restricted Stock Units.

     

    20.         Data Privacy. Participant
        hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of Participant’s Personal Data (as described below) by and among, as applicable, the Company, any parent, Subsidiary, or affiliate, or
        third parties as may be selected by the Company for the exclusive purpose of implementing, administering and managing Participant’s participation in the Plan. Participant understands that refusal or withdrawal of consent will affect Participant’s
        ability to participate in the Plan; without providing consent, Participant will not be able to participate in the Plan or realize benefits (if any) from the Restricted Stock Unit.

     

      

    
      - 9 -

      
        

    

    Participant understands that the Company and any parent, Subsidiary, affiliate, or designated third parties may hold personal information about Participant,
      including, but not limited to, Participant’s name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of stock or directorships held in the Company or
      any parent, Subsidiary, or affiliate, details of all Restricted Stock Units or any other entitlement to Stock awarded, canceled, exercised, vested, unvested or outstanding in Participant’s favor (“Personal Data”). Participant understands that
      Personal Data may be transferred to any parent, Subsidiary, affiliate, or third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located in the United States, Participant’s country (if
      different than the United States), or elsewhere, and that the recipient’s country may have different data privacy laws and protections than Participant’s country. In particular, the Company may transfer Personal Data to the broker or stock plan
      administrator assisting with the Plan, to its legal counsel and tax/accounting advisor, and to the affiliate or entity that is Participant’s employer and its payroll provider.

     

    Participant should also refer to any data privacy policy implemented by the Company (which will be available to Participant separately and may be updated from
      time to time) for more information regarding the collection, use, storage, and transfer of Participant’s Personal Data.

     

    21.         Foreign Exchange Fluctuations and Restrictions. Participant understands and agrees that the future value of the underlying Stock is unknown and cannot be predicted with certainty
      and may decrease. Participant also understands that neither the Company, nor any affiliate is responsible for any foreign exchange fluctuation between local currency and the United States Dollar or the selection by the Company or any affiliate in its
      sole discretion of an applicable foreign currency exchange rate that may affect the value of the Restricted Stock Units or Stock received (or the calculation of income or Tax-Related Items thereunder). Participant understands and agrees that any
      cross-border remittance made to transfer proceeds received upon the sale of Stock must be made through a locally authorized financial institution or registered foreign exchange agency and may require the Participant to provide such entity with
      certain information regarding the transaction.

     

    22.        Amendment, Suspension or Termination of the Plan. By accepting this Award, Participant expressly warrants that he or she has received an Award of Restricted Stock Units under the
      Plan, and has received, read and understood a description of the Plan. Participant understands that the Plan is discretionary in nature and may be amended, suspended or terminated by the Company at any time.

     

    23.         Governing Law. This Award Agreement will be governed by the laws of the State of Delaware, without giving effect to the conflict of law principles thereof.

     

    ***

     

    

    
      - 10 -

      
        

    

    ATTACHMENT A

     

    COUNTRY-SPECIFC ADDENDUM

    (See Attached)

  

  

  

  

  

  - 11 -

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