Document:

Cream Supply Agreement

 Exhibit 10.30 
 Cream Supply Agreement 
 This Cream Supply Agreement (“Agreement”), dated
August 1, 2012, but effective as of the Effective Date (as defined below), is by and between Suiza Dairy Group, LLC, a Delaware limited liability company and Dean Dairy Holdings, LLC, a Delaware limited liability company, on the one hand
(collectively, “Seller”) and WWF Operating Company, a Delaware corporation (f/k/a WhiteWave Foods Company), on the other hand (“Buyer”). 
  

	 	(1)	SUPPLY AND SPECIFICATIONS: Buyer desires to purchase from Seller Grade A Cream (hereafter referred to as “Products”) as set forth herein. All loads of
Products supplied hereunder will comply with the specifications set forth on Exhibit A hereto (the “General Specifications”). Additionally, all loads of Products supplied under the Agreement will comply with any applicable plant specific
specifications as set forth on Exhibit B hereto (the “Plant Specific Specifications,” and together with the General Specifications, the “Cream Specifications”). 

 

	 	(2)	TERM: The initial term of this Agreement will commence on the earlier of (i) the closing date of the contemplated initial public offering of equity interests in
Buyer or (ii) January 1, 2013 (such earlier date, the “Effective Date”) and terminate on the last day of the following calendar year (such period, the “Initial Term”). Thereafter, this Agreement shall automatically
renew for four (4) successive one (1) year terms unless Buyer delivers written notice of its intention to terminate the Agreement at least ninety (90) days prior to the end of the then current term. The Initial Term and all
extensions, if any, shall constitute the “Term” of this Agreement, subject to earlier termination as provided herein. 

  

	 	(3)	VOLUME REQUIREMENTS; PENALTY FOR NONPERFORMANCE: Seller agrees to make available to Buyer the applicable monthly volume maximum of Products set forth in Exhibit C.
Buyer agrees to purchase from Seller the applicable monthly volume minimum of Products set forth in Exhibit C. During the Term, Buyer shall deliver quarterly, non-binding volume forecasts to Seller. If Seller does not deliver the applicable monthly
volume maximum required hereunder, Seller shall pay to Buyer the incremental expense, if any, of obtaining an alternative source of supply of the Product to make up for such shortfall, defined as the difference, if any, between (i) the actual price
that Buyer pays for the alternative supply of Product that complies with the applicable Cream Specifications, minus (ii) the amount that Buyer would have paid for such Product hereunder. If Buyer does not purchase the applicable monthly volume
minimum required hereunder, unless Buyer rejected Product in accordance with Section 12(e) below, Buyer shall pay to Seller the incremental loss, if any, suffered by Seller on account of selling the Product to an alternative buyer, defined as
the difference, if any, between (i) the amount that Seller would have received for such Product hereunder and (ii) the actual price paid to Seller by an alternative buyer of such Product. If Buyer does not purchase the applicable monthly volume
minimum required hereunder, Seller shall use its commercially reasonable efforts to identify and sell to an alternative buyer the amount of Product which Buyer failed to purchase for the applicable month. 

 

	 	(4)	 DAIRY PROCUREMENT SERVICES: During the Initial Term, Seller shall provide to Buyer (i) cream brokerage services and (ii) order/load delivery
flexibility services, in each case, that are consistent with historical practices of the parties. To the extent Buyer wishes to receive either or both such services from Seller in the first renewal year following the expiration of the Initial Term,
Buyer must deliver written notice of its election to receive either or both such services from Seller at least (90) days prior to the expiration of the Initial Term. If Buyer

  

 so elects to continue the cream brokerage services, then Buyer will pay to Seller, on or
prior to the expiration of the Initial Term, $200,000 as consideration for such cream brokerage services. If Buyer so elects to continue the order/load delivery flexibility services, then Buyer will pay to Seller, on or prior to the expiration of
the Initial Term, $100,000 as consideration for such services. Following the expiration of such one (1) year renewal term, Seller shall not be required to provide cream brokerage services, order/load delivery flexibility services or any other
dairy procurement services to Buyer. 
  

	 	(5)	SOURCES OF SUPPLY: Seller may, at its own cost and with Buyer’s prior written consent (provided, that Buyer’s prior written consent is not required with
respect to any third party supplier from which Buyer buys Products as of the date of the Agreement), supply Products to Buyer’s plants from third party sources, provided that such Products meet all applicable Cream Specifications. For volumes
up to the applicable monthly volume maximum set forth on Exhibit C, Seller will be responsible for any incremental costs of supplying Products from any approved third party sources. For any volumes in excess of the applicable monthly volume maximum
set forth on Exhibit C, Buyer will be responsible for such incremental costs. 

  

	 	(6)	PRICE; PRICING ADJUSTMENTS: Pricing for all Products shall be set at agreed upon “as delivered” multiples (inclusive of freight) and the applicable premiums,
in each case, as set forth below. The freight portion of the “as delivered” multiples will incorporate historical freight costs to each Buyer plant and forecasted year-over-year changes in diesel fuel costs. 

 

	 	(a)	For Buyer plants outside of California, pricing for Products shall equal (i) the Chicago Mercantile Exchange AA Butter price (prior week’s average; provided, each
such week shall run from 12:00 midnight on Saturday to 11:59 pm on Friday in the time zone of the shipping plant), multiplied by (ii) the Buyer plant specific multiple which, prior to the Effective Date, shall be mutually agreed to in writing by
Buyer and Seller and set forth on Exhibit D (the “Initial Multiple,” and as adjusted throughout the Term, the applicable “Multiple”). 

  

	 	(b)	For Buyer plants in California, pricing for Products shall equal the sum of (i) the applicable Butterfat price, plus the applicable premium which, prior to the
Effective Date, shall be mutually agreed to in writing by Buyer and Seller and set forth on Exhibit D (the “Initial Premium,” and as adjusted throughout the Term, the applicable “Premium”) and (ii) the applicable Solids Non Fat
price plus the applicable Premium. The applicable Premium will be set (i) based upon current pricing protocols between Buyer and Seller and (ii) no less frequently than annually. The applicable Butterfat price and Solids Non Fat price shall be that
periodically announced by the California Department of Agriculture at the following Internet website: http://www.cdfas.ca.gov/dairy/uploader/postings/classpriceletters/. 

 

	 	(c)	The applicable Initial Multiple and Initial Premium will be fixed for the period beginning on the Effective Date and ending on December 31 of the calendar year in which
the Effective Date falls. For the twelve-month period immediately thereafter, the Multiple and Premium will be set in accordance with the then current practices of the parties. For each of the following years, Buyer and Seller will mutually agree in
writing on adjustments to the Multiple and Premium, which adjustments shall apply for the entire applicable year. 

  

	 	(7)	 WEIGHTS AND TESTS: Seller’s invoices shall set forth for each delivery certified weights and tests of all Product delivered under the Agreement.
Buyer shall have the reasonable right to ascertain the accuracy of all stated certified weights. Seller’s certified scale weights within a two hundred (200) pound difference and Seller’s certified test results within .5% difference of
Buyer’s results will be used to determine the component amounts of Butterfat and Solids Non Fat for each load of Product. In the case of a test results discrepancy in excess of .5%, Buyer and Seller shall work in good faith to resolve any
discrepancy; provided, that either party may engage a mutually agreed upon (in writing) third party laboratory that is certified and qualified to ascertain the accuracy of the Butterfat and Solids

  
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 Non Fat tests in dispute. The results of the third party laboratory shall be binding on the
parties, and the party that submitted the results for testing shall pay the fees and expenses of the third party laboratory. In the case of a weight discrepancy in excess of two hundred (200) pounds, such excess amount shall be split 50/50 between
Buyer and Seller. Dairy.com shall be the official source of record for all weights and measures. 
  

	 	(8)	TRANSPORTATION: For volumes up to the applicable monthly volume maximum set forth on Exhibit C, transport and delivery shall be at Seller’s expense; provided, that
if Buyer is responsible for any delay in receipt of Product shipments that results in a carrier penalty to Seller, Buyer will reimburse Seller for such carrier penalty. For volumes in excess of the applicable monthly volume maximum set forth on
Exhibit C, Buyer shall pay all applicable transport and delivery costs. 

  

	 	(9)	MANNER OF PAYMENT: Buyer shall pay (i) for all Products received in the first fifteen (15) days of any month on or prior to the thirtieth (30th) day of such month
and (ii) for all Products received on or after the sixteenth (16th) day of any month on or prior to the fifteenth (15th) day of following month. 

  

	 	(10)	TITLE: Title and risk of loss to the Products shall remain vested with Seller until such Products are received by the applicable Buyer plant, Buyer’s hose is
connected to the delivery tanker and the tanker valve has been opened, at which time title shall pass to Buyer, unless the Products have been rejected by Buyer in accordance with Section 12 of this Agreement. 

 

	 	(11)	ORDERING OF PRODUCTS; USAGE: During the Initial Term, and for any renewal term after the Initial Term for which Buyer has paid for order/load delivery flexibility
services hereunder, orders shall be scheduled in a manner consistent with the current practices of the parties. Following such periods, Buyer must schedule all orders for Products through dairy.com by 2:00 pm central time on Wednesday of the week
prior to the requested delivery week, and Buyer may not contact Seller directly to place any orders for Products. Dairy.com will be the official source of record on usage of all Products sold hereunder. 

 

	 	(12)	WARRANTIES AND BUYER’S RIGHT TO REJECT: 

  

	 	(a)	Seller warrants that Seller and its members shall comply with all federal, state and local laws and governmental rules and regulations applicable to the production,
transportation and sale of the Products. 

  

	 	(b)	Seller warrants that all Products sold hereunder shall when delivered meet all applicable standards for such Products as prescribed under the laws of the United States
and the laws, rules, regulations and ordinances of any states, municipalities or other political sub-divisions in which products will be sold or distributed by Buyer. 

 

	 	(c)	Seller warrants that all Products purchased and sold hereunder shall, when delivered, (i) be free of foreign matter and other adulterants and (ii) comply with
the Cream Specifications. 

  
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	 	(d)	Each party represents and warrants to the other party as follows: (i) that it has full power, authority and capacity to enter into this Agreement and to perform
all its obligations hereunder, and (ii) that it is not bound by any other agreement, arrangement, judgment or order which would be violated as a result of its entering into this Agreement or performing any of its obligations hereunder.

  

	 	(e)	Buyer shall have the right to reject any and all Products which cause any of the warranties set forth in sub-paragraphs (a), (b) or (c) of this
Section 12 to be untrue in any respect. Rejected Products of which Buyer has physical possession shall be disposed of by Buyer in accordance with instructions from Seller, so long as Seller promptly provides such instructions. Seller agrees to
pay Buyer for all reasonable costs actually incurred by Buyer in transporting, storing, handling, and disposing of rejected Products. 

  

	 	(13)	CONFIDENTIALITY: During the course of their business relationship, each party may disclose to the other party certain information which the disclosing party considers
proprietary and confidential, including but not limited to the terms of this Agreement as well as information concerning manufacturing and processing methods, business and technology plans, distribution strategies, sales, costs, pricing, marketing,
customers, suppliers and research and development (collectively, “Confidential Information”). For purposes hereof, information that is already in the public domain or known by the receiving party at the time of disclosure by the disclosing
party, or subsequently becomes available to the public or known by the receiving party without any breach of this Section, shall not be considered to be Confidential Information. The parties each agree that all Confidential Information shall be used
by the receiving party solely for the purposes contemplated by this Agreement, shall be kept strictly confidential and shall not, without the disclosing party’s prior written consent, be disclosed by the receiving party in any manner
whatsoever, except as required to comply with applicable laws or regulations, or with a court or administrative order, subpoena, civil investigative demand or other legal process. The receiving party shall be liable for any failure of its employees,
agents or representatives to comply with the confidentiality obligations set forth this Section. The confidentiality obligations set forth in this Section shall expire two (2) years following the expiration or termination of this Agreement.

  

	 	(14)	TERMINATION OF AGREEMENT: 

  

	 	(a)	Without prejudice and in addition to all other lawful rights and remedies, each party shall have the right to terminate this Agreement upon written notice to the other
party if such other party materially breaches any of its representations, warranties, covenants or obligations set forth in this Agreement, and such failure has not been cured within 30 days of receiving written notice from the non-defaulting party
reasonably describing such breach. 

  
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	 	(b)	Without prejudice and in addition to all other lawful rights and remedies, Buyer has the right to terminate this Agreement in the event of a Force Majeure Event (as
defined in Section 16 herein) that prevents or delays the performance of obligations hereunder for at least thirty (30) days. 

  

	 	(15)	INDEMNITIES: 

  

	 	(a)	Seller Indemnity. Seller shall indemnify, defend and hold harmless Buyer and its parent companies and each of their subsidiaries and affiliates, and each of
their respective officers, directors, employees, agents, representatives and shareholders, predecessors and successors, from and against any and all claims, demands, causes of action, damages, losses, liabilities, judgments, costs, fees and expenses
(including, without limitation, reasonable costs and expenses of investigation and settlement and reasonable attorneys’ fees and expenses) (collectively, “Losses”), to the extent arising out of or relating to any breach by Seller of
its representations, warranties, covenants or obligations set forth in this Agreement. Such indemnification obligations shall survive the expiration or termination of this Agreement for any reason. 

 

	 	(b)	Buyer Indemnity. Buyer shall indemnify, defend and hold harmless Seller and its parent companies and each of their subsidiaries and affiliates, and each of their
respective officers, directors, employees, agents, representatives and shareholders, predecessors and successors, from and against any and all Losses, to the extent arising out of or relating to any breach by Buyer of its representations,
warranties, covenants or obligations set forth in this Agreement. Such indemnification obligations shall survive the expiration or termination of this Agreement for any reason. 

 

	 	(16)	FORCE MAJEURE: In case of a strike, lockout, other labor trouble, riot, war, rebellion, fire, earthquake, other Act of God, or any other circumstance beyond reasonable
control of either Buyer or Seller that renders performance of this Agreement impossible – that is, for Seller or Seller’s members to sell or deliver the Products or for Buyer to buy, receive, handle, or dispose of the Products – (each
such event, a “Force Majeure Event”) no liability for non-performance of this Agreement caused by such circumstance, during the time thereof, shall exist with respect to Buyer or Seller. A party affected by a Force Majeure Event shall give
written notice to the other party of the occurrence of such Force Majeure Event as soon as commercially practicable. 

  

	 	(17)	NOTICES: For purposes of this Agreement, any notices or demands required to be given hereunder shall be deemed given (a) when delivered personally, (b) on the
fifth business day after being mailed by certified mail, return receipt requested, (c) the next business day after delivery to a recognized overnight courier or (d) upon transmission and confirmation of receipt by a facsimile operator if
sent by facsimile, to the parties at the following addresses or facsimile numbers (or to such other address, electronic mail address or facsimile number as such party may have specified by notice given to the other party pursuant to this provision):

  
 5 

	 	Buyer:  	WWF Operating Company 

  2711 North Haskell Avenue, Suite 3400 
   Dallas, TX 75204 
   ATTN: General Counsel 

 

	 	Seller:  	Suiza Dairy Group, LLC 

  Dean Dairy Holdings, LLC 
   c/o Dean Foods Company 
   2711 North Haskell Avenue, Suite
3400 
   Dallas, TX 75204 
   ATTN: General Counsel 
  

	 	(18)	ATTORNEYS FEES: In the event of any controversy, claim or dispute between the parties hereto arising out of or relating to this Agreement or either party’s
performance under this Agreement, the prevailing party shall be entitled to recover from the losing party reasonable attorneys’ and experts’ fees and expenses and other costs reasonably incurred by the prevailing party in enforcing its
rights under this Agreement. 

  

	 	(19)	NO WAIVER: No delay or failure to insist upon the strict performance of any term or condition of this Agreement, or to exercise any right, power or remedy consequent
upon a breach thereof, by either party shall constitute a waiver by that party of any such term or condition or future breach. No waiver of any breach shall affect or alter this Agreement, which shall continue in full force and effect, or the rights
of either party with respect to any other existing or subsequent breach. 

  

	 	(20)	CAPTIONS: Any captions to or heading of the sections of this Agreement are solely for the convenience of the parties, are not a part of this Agreement, and will not be
used for interpretation or determination of validity of this Agreement or any part thereof. 

  

	 	(21)	COUNTERPARTS: This Agreement may be executed in one or more counterparts (including by facsimile or portable document format (.pdf) transmission), each of which when so
executed shall be deemed an original, but all of which taken together shall constitute but one and the same instrument. 

  

	 	(22)	GOVERNING LAW: This Agreement, and all controversies, claims and disputes arising out of or relating to this Agreement or either party’s performance under this
Agreement, including claims for breach of contract and related causes of action, shall be interpreted under and governed by the laws of the State of Delaware, without reference to its choice of law principles. 

  
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	 	(23)	SEVERABILITY: If any provision of this Agreement shall be held to be prohibited or invalid under applicable law, then such provision shall be ineffective to the extent
of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement. 

  

	 	(24)	ENTIRE AGREEMENT; AMENDMENTS: This Agreement contains the entire Agreement between Buyer and Seller with respect to the provision of materials contemplated herein and
supersedes all prior arrangements and understanding among them with respect thereto. The provisions of this Agreement may not be explained, supplemented or qualified through evidence of trade usage or prior course of dealings except to the extent,
and solely to the extent, the Agreement expressly requires the parties to act and/or provide products or services in a manner consistent with the past practices of the parties. This Agreement may not be amended, supplemented or modified in any
respect without further written agreement of both parties referencing this Agreement, signed by their respective authorized representatives. 

  

	 	(25)	ASSIGNMENT: This Agreement shall not be assigned, in whole or in part, by either party without the written consent of the other party. This Agreement shall be binding
upon and inure to the benefit of the parties hereto, their successors, legal representatives and permitted assigns. 

 [Signature Page to Follow] 

  
 7 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their
proper and duly authorized representatives as of the date first written above 
  

									
	SUIZA DAIRY GROUP, LLC	 		 	WWF OPERATING COMPANY
					
	By:	 	/s/ Gregg Tanner	 		 	By:	 	/s/ Blaine McPeak
	Name:	 	Gregg Tanner	 		 	Name:	 	Blaine McPeak
	Title:	 	President, FDD	 		 	Title:	 	President
				
	DEAN DAIRY HOLDINGS, LLC	 		 		 	
					
	By:	 	/s/ Gregg Tanner	 		 		 	
	Name:	 	Gregg Tanner	 		 		 	
	Title:	 	President, FDD	 		 		 	

  

 EXHIBIT A 

General Cream Specifications 

All loads of Product supplied under the agreement: 
  

	(i)	shall contain minimum Butterfat of 42%; 

	(ii)	shall be equal to or greater than 47,000 pounds; 

	(iii)	shall be heat treated or pasteurized; 

	(iv)	shall be kosher; 

	(v)	shall be RBST free if the facility has historically taken RBST free milk; 

	(vi)	shall otherwise comply with the Cream Receiving Standards set forth in Section III of the Dean Foods Quality Assurance Policy with respect to cream (Policy 5.5)
attached to this Exhibit A; 

	(vii)	shall have European Union certification; and 

	(viii)	shall otherwise comply with the standards with respect to cream contained in Table 1.1 of the Dean Foods Quality Control Program attached to this Exhibit A.

  
 1 

 Dean Foods Quality Assurance Policy 

 

							
	

	 	 Section:
 Purchased
Materials
	 	Policy Number:	  	 Review Date: April 14, 2011
 Modified Date: March 7, 2011
 Issue Date: August 22, 2007

Page: 2 of 5

	 		 		  
	 	 Subject:
 Receiving
Cream
	 	5.5	  
	 		 		  

  

			
	Policy:	  	Each Dean Foods manufacturing facility shall take every precaution to ensure that all cream shall comply with all pertinent federal, state or local regulations and to ensure that
there is no reason to suspect that ingredients and packaging materials are tampered with or present any public health risk.
		
	Objective:	  	To ensure that all incoming loads of cream are inspected for compliance to specifications, salability, age of stock, infestation, damage and adherence to regulatory
requirements.
		
	References:	  	Dean Foods Policy 10.1 Traceability and Recordkeeping Policy Dean Foods Policy 5.1.1 Certificate of Analysis
		
	Topics:	  	The Dean Foods Receiving Ingredients (non-bulk) and Packaging Materials procedure is outlined below followed by detailed instructions:
		
		  	 I.       General Requirements

II.     Receiving and Sampling Bulk Cream Tanker

III.    Cream Receiving Standards

IV.   Cream Receiving Documentation

V.     Disposition of Rejected Cream

  

					
	Approved by:	 		 	
			
	/s/ Jack L. Jeffers	 		 	April 14, 2011
	 Vice President, Quality Assurance
 Dean Foods
	 		 	Date

  
 2 

 Dean Foods Quality Assurance Policy 

 

							
	

	 	 Section:
 Purchased
Materials
	 	Policy Number:	  	 Review Date: April 14, 2011
 Modified Date: March 7, 2011
 Issue Date: August 22, 2007

Page: 2 of 5

	 		 		  
	 	 Subject:
 Receiving
Cream
	 	5.5	  
	 		 		  

  

	I.	General Requirements 

  

	 	A.	Only Dean Foods employees shall receive and sample cream tankers. All tanker openings shall be sealed with serialized numbered seals documented on the manifest and / or
wash tag. Haulers are not allowed to break seals. Only Dean Foods’ employees shall break tanker seals after verifying integrity of the seals. 

  

	 	B.	A certificate of analysis (COA) shall be provided with each cream shipment unless the load is from a sister plant. The receiving plant shall verify results meet
Dean Foods Acceptance Criteria defined in Section III. Refer to COA Policy 5.1.1. 

  

	 	C.	Each plant shall have a receiving log to document the cream shipment information defined in Section IV. 

 

	 	D.	Except to clean the outside of back doors or outlet valves prior to receiving, the exterior of tankers or trucks should not be washed in any Dean Foods receiving
facility. 

  

	 	E.	The Dean Foods receiving facility shall provide and maintain a means (truck scale or meter) to measure the incoming cream. 

 

	 	F.	All tank trucks shall be properly vented with a dome filter over the vent. It may be appropriate for the receiving personnel to place the dome filter over the vent but
the driver is responsible for assuring that the truck is properly vented to prevent damage to the tank. Dome filter cartridge shall be inspected for cleanliness, and the filter cartridge and filter shall be stored in a protected area to prevent
contamination from aerosols, e.g. tool box. 

  

	 	G.	The equipment used in transferring and handling cream including hoses, pumps, etc. shall be adequately cleaned and sanitized immediately prior to use.

  

	 	H.	Cream should be transferred with a positive displacement pump. If cream is transferred with another type of pump (slow speed centrifugal pump), then care shall be taken
to ensure that the pump does not churn or whip the cream. 

  

	 	I.	If the interior of the Cream Tanker is washed and sanitized at a Dean Foods receiving location, then Dean Foods receiving personnel are responsible for documenting the
wash on a wash tag and applying the wash tag to the Bulk Cream Tanker. The wash tag shall include the following information: 1) time of wash, 2) date of wash, 3) name and address of location where tanker is washed, and 4) bear the signature of the
person performing the wash. 

  

	 	J.	The wash tag shall also state “Washed and Sanitized”. Dean Foods personnel shall not apply a wash tag until the entire tank, pump and hoses have been washed,
rinsed, sanitized, and reinstalled. 

  
 3 

 Dean Foods Quality Assurance Policy 

 

							
	

	 	 Section:
 Purchased
Materials
	 	Policy Number:	  	 Review Date: April 14, 2011
 Modified Date: March 7, 2011
 Issue Date: August 22, 2007

Page: 2 of 5

	 		 		  
	 	 Subject:
 Receiving
Cream
	 	5.5	  
	 		 		  

  

	 	K.	Prior to leaving the receiving bay, the driver of the Cream Tanker shall ensure that all tanker openings, e.g. inlets, outlets, wash connections, vents are sealed with
a numbered seal. The seal number shall be recorded on the back of the wash tag. It may be appropriate for the receiving personnel to apply the seals but the driver is responsible for assuring that all seals are in place and secure.

  

	 	L.	Smoking, eating, and drinking are restricted to designated areas ONLY. Cream Tanker haulers and drivers are NOT permitted in the processing areas of the
plant for any reason. See Appendix 5.2 D for Bulk Hauler GMP Guidelines. 

  

	 	M.	Cream Tanker haulers and drivers shall adhere to Dean Foods’ food security provisions. See Appendix 5.2 E Bulk Hauler Security Guidelines.

  

	II.	Receiving and Sampling of Bulk Cream Tanker 

  

	 	A.	Verify receipt of Certificate of Analysis (exhibit A). QA assures COA meets Acceptance Criteria defined in Section III. 

 

	 	B.	The receiver shall verify that the Bulk Cream Tank seals are intact and that the numbers match the numbers recorded on the Bill of Lading and/or manifest. If seals are
not intact and seal information from supplier can not be obtained, contact Regional Director of QA and Corporate Dairy Procurement to determine disposition of cream. 

 

	 	C.	The receiver shall verify that the Bulk Cream Tank has a valid wash tag documenting that the Tanker was washed at an approved location prior to loading.

  

	 	D.	Do NOT connect the receiving hose to the Bulk Cream Tanker until the load meets all Acceptance Criteria outlined in section III. 

 

	 	E.	To assure that the sample will be representative, each plant should sample the Bulk Cream Tanker as soon as it arrives at the plant. Only Dean Foods’ employees
shall sample cream tankers. 

  

	 	F.	Utilize proper aseptic sampling techniques to take two (2) representative samples from the manhole on top of the tanker. The first sample is for microbiological tests
and the second sample is for composition (butterfat, total solids). Do NOT take any samples from the back of the truck. 

  

	 	G.	Label each sample vial or bag with the proper load identification, date, time, and receiver’s initials prior to sampling. 

 

	 	H.	Verify that the temperature of the tanker/compartment is < 45° F. Record the temperature on the appropriate documents (i.e. Receiving Log). If the
temperature is greater than 45° F, contact Regional Director of QA and Corporate Dairy Procurement to determine disposition of cream. 

  
 4 

 Dean Foods Quality Assurance Policy 

 

							
	

	 	 Section:
 Purchased
Materials
	 	Policy Number:	  	 Review Date: April 14, 2011
 Modified Date: March 7, 2011
 Issue Date: August 22, 2007

Page: 2 of 5

	 		 		  
	 	 Subject:
 Receiving
Cream
	 	5.5	  
	 		 		  

  

	 	I.	The samples shall be taken immediately to the laboratory for the initial tests on the tanker. While it is recommended that the samples be placed in ice or ice water, do
not “bury” the samples in the ice or ice water. 

  

	III.	Cream Receiving Standards 

  

	 	A.	All bulk cream should be kosher. The supplier’s kosher designation shall be on Certificate of Analysis for each tanker received. 

 

	 	B.	All bulk cream tanker shipments shall conform to the following Acceptance Criteria. Immediately notify the Quality Manager if the Acceptance Criteria are
exceeded: 

  

			
	 	  	Acceptance Criteria
	 1. Temperature
	  	< 45° F
	 2. Titratable Acidity (TA)
	  	< 0.12%
	 3. Butterfat
	  	As Specified
	 4. Total Solids
	  	As Specified
	 5. Cryoscope Reading
	  	As Specified
	 6. DMCC
	  	< 300,000
	 7. Color
	  	Typical for Cream
	 8. Odor
	  	No Off Odors
	 9. Flavor
	  	No Off Flavor
	 10. Wash Tag
	  	Present
	 11. Seals
	  	Present and match seal #
on wash tag and/or manifest
	 12. Animal Drug Residue
	  	Raw Milk used for Cream
tested Negative per COA
	 13. Shipment Statement
	  	Contains all the required
information

  

	 	C.	All bulk cream tanker samples should also be subjected to the following tests and conform to the respective Specifications: 

 

			
	 	  	Specification
	 1. Standard Plate Count (SPC)
	  	< 20,000/gram
(Pasteurized or Heat Treated)
< 100,000/ml (Raw Cream)
	 2. Coliform
	  	< 100 cfus/gram (Pasteurized)

  
 5 

 Dean Foods Quality Assurance Policy 

 

							
	

	 	 Section:
 Purchased
Materials
	 	Policy Number:	  	 Review Date: April 14, 2011
 Modified Date: March 7, 2011
 Issue Date: August 22, 2007

Page: 2 of 5

	 		 		  
	 	 Subject:
 Receiving
Cream
	 	5.5	  
	 		 		  

  

	IV.	Cream Receiving Documentation 

 All incoming cream shall be recorded daily on a Receiving Log with the following (but not limited to) information: 
  

	 	1.	Supplier 

	 	2.	Hauler 

	 	3.	Trailer Number 

	 	4.	Temperature 

	 	5.	Butterfat 

	 	6.	Titratable Acidity 

	 	7.	Flavor, Odor, Color 

	 	8.	Wash Tag Present 

	 	9.	Tanker Seal Number(s) 

	 	10.	Receiver’s Initials 

	 	11.	Scale or Meter Reading 

  

	V.	Disposition of Rejected Cream 

 Cream that does not meet the Acceptance Criteria referenced in Section III A shall be rejected. Upon rejecting the cream, the plant shall immediately notify Corporate Dairy Procurement and the appropriate
Regional Director Quality Assurance. The plant shall also notify in writing the details of the rejection to the Director of Purchasing and the Regional Director of Quality Assurance. 

  
 6 

 Dean Foods Lab Procedure 

 

							
	 

	 	 Product Quality Control Program

When applicable, customer requirements may supersede this program

Confidential
	 	 DFLP
 Number:
	 	 Modified Date: Feb 23, 2012
 Effective Date: April 6, 2012
 Replaces: June 22, 2011

Issue Date: November 1, 2007
 Author: Corp
QA
 Page: 1 of 2

	 	 	1.100	 

  

 Table 1.1 Raw Milk, Cream, Condensed Milk Products 

 

											
	 Test
	  	Sampling	  	 Procedure
	  	Who	  	 Standards
	  	 Out of Spec

	 A. Before Unloading

	 1. Physical / Chemical

	 1.     Seals and tags
	  	Bulk Tank	  	 1.     Wash tag and seal integrity - Raw Receiving
	  	Receiving	  	 1.     Proper seals, wash tags - PMO
	  	 1.     Investigate/reject

	 2.     Animal Drug Residue
	  	  	 2.     PMO Appendix N, approved appendix N M-a-85, FDA 2400 forms
	  	Approved
Tech /
receiver	  	 2.     Negative or COA for cream and condensed.
	  	 2.     Rejected/ Call State

	 3.     Added Water
	  	  	 3.     Cryoscope/Freezing Point Depression
	  	Receiver/
Lab	  	 3.     5300H minimum - raw milk and cream
	  	 3.     Rejected

	 4.     DMCC/ DMSCC (optional)
	  	  	 4.     DMCC/DMSCC - Calibrated Microscope
	  	  	 4.     a. DMCC<100,000 (raw milk), <50,000 (CA
only)

         b. DMCC <300,000 (raw cream)

        c. DMSCC <750,000

        d. Condensed milk is not applicable
	  	 4.     Rejected

	 5.     Acidity
	  	  	 5.     % Titratable Acidity as Lactic and Potentiometry
	  	  	 5.     a. <0.17% milk

        b. < 0.12% cream

        c. Condensed per supplier specifications
	  	 5.     Rejected

	 6.     Temperature
	  	  	 6.     Calibrated thermometer to NIST Certified Thermometer
	  	  	 6.     <450F (<420F preferred)
	  	 6.     > 45°F Rejected

	 7.     Flavor/odor
	  	  	 7.     Organoleptic - flavor/odor. Lab pasteurized product to 1750F /15 seconds prior to
tasting.
	  	  	 7.     Good, clean, slightly sweet with no off flavors or odor.
	  	 7.     Rejected

	 8.     Total Fat, TS ( for condensed )
	  	  	 8.     Babcock, Gerber, Infrared, Mojonnier, CEM for Solids
	  	Lab	  	 8.     Within acceptable limits of plant required usage.
	  	 8.     Information only

	 9.     Sediment
	  	  	 9.     Raw Milk Sediment. Weekly/daily/spot check
	  	  	 9.     Standard Methods, Lintine Filter, USDA Standards
	  	 9.     Rejected

	2. Microbiology	  		  		  		  		  	
	 1.     Mesophilic Count (optional)
	  	Tanker	  	 1.     Standard Plate Count, 48 hours, at 32°C
	  	Lab	  	 1.     <100,000 CFU/ml (raw milk), <50,000 (CA only) < 20,000 CFU/ml Heat Treated, and
Pasteurized Milk and Milk Products and Bulk Shipped Heat Treated Cream
	  	Warning letters/follow up to refusal for further delivery when 3 out of 5 exceed limits
	 2.     PI Counts
	  	  	 2.     Pre-incubate of raw milk at 13°C (55°F)for 18 hours, then a SPC is run for 48
hours.
	  	  	 2.     < 100,000 CFU/ml (Raw milk only)
	  
	 3.     Lab Pasteurization Count (optional)
	  	  	 3.     Product is heated up to 1750F /15 seconds
	  	  	 3.     < 500 (Raw milk)
	  
	 4.     Coliform
	  	  	 4.     VRBA or Petrifilm
	  	  	 4.     <100 CFU/mL (Cream)
	  

  
 1 

 EXHIBIT B 

Plant Specific Cream Specifications 
  

			
	 Buyer facility
	  	Plant-specific specifications
(in 
addition to general specifications)
	 White Wave – Jacksonville
	  	rBST-free
	 White Wave – Mt. Crawford
	  	rBST-free
	 White Wave COI
	  	rBST-free

 EXHIBIT C 
 Aggregate Monthly Volume Minimums/Maximums 
 Seller Monthly Cream Loads Commitments to Buyer

  

																									
	 	  	Jan	  	Feb	  	Mar	  	Apr	  	May	  	Jun	  	Jul	  	Aug	  	Sep	  	Oct	  	Nov	  	Dec
	 TTM Baseline (June ‘11 - May ‘12)
	  	58	  	75	  	62	  	59	  	40	  	57	  	60	  	61	  	62	  	70	  	82	  	80
	 Min (@ 10% below baseline)
	  	52	  	68	  	56	  	53	  	36	  	51	  	54	  	55	  	56	  	63	  	74	  	72
	 Max (@ 10% above baseline)
	  	64	  	83	  	68	  	65	  	44	  	63	  	66	  	67	  	68	  	77	  	90	  	88

 EXHIBIT D 

Initial Multiples and Initial Premium 
  

					
	 Buyer facility
	  	Initial Multiple	 
	 White Wave – Jacksonville
	  	 	133	% 
	 White Wave – Mt. Crawford
	  	 	133	% 

  

			
	 Buyer facility
	  	 Initial Premium

	 White Wave COI
	  	15¢/lb total solidsForm of Stock Appreciation Right Agreement

 Exhibit 10.35 
 THE WHITEWAVE FOODS COMPANY 
 2012 STOCK APPRECIATION RIGHT AGREEMENT

 IPO GRANT 

 

 THIS IPO GRANT AGREEMENT (the “Agreement”), effective as of the date
indicated on the Notice of Grant delivered herewith (the “Notice of Grant”), is made and entered into by and between The WhiteWave Foods Company, a Delaware corporation (the “Company”), and the individual named on
the Notice of Grant (“you”). 
 WITNESSETH: 

WHEREAS, the Compensation Committee of the Board of Directors of the Company (the “Committee”) has approved a grant ofcash
settled stock appreciation rights, and this Award is intended to be upon the effective consummation of the initial public offering of the Class A stock of The WhiteWave Foods Company; and 

WHEREAS, the Board of Directors of the Company has adopted and approved The WhiteWave Foods Company 2012 Stock Incentive Plan (the
“Plan”), which was approved as required by the Company’s stockholders and provides for the grant of stock appreciation rights (“SARs”) and other forms of stock-based compensation to certain Employees and non-employee
Directors of the Company and its Subsidiaries (Capitalized terms used and not otherwise defined in this Agreement shall have the meanings set forth in the Plan); and 
 WHEREAS, during your employment, and based upon your position with the Company and/or its Subsidiaries, you have acquired and will continue to acquire, by reason of your position, substantial knowledge of
the operations and practices of the business of the Company; and 
 WHEREAS, the Company desires to assure that, to the extent
and for the period of your service and for a reasonable period thereafter, it may maintain the confidentiality of its trade secrets and proprietary information, and protect goodwill and other legitimate business interests, each of which could be
compromised if any competitive business were to secure your services; and 
 WHEREAS, the SARs and other Awards provided for
under the Plan are intended to comply with the requirements of Rule 16b-3 under the Securities Exchange Act of 1934, as amended; and 
 WHEREAS, the Committee has selected you to participate in the Plan and has awarded the SAR described in this Agreement and Notice of Grant to you; and 

WHEREAS, the parties hereto desire to evidence in writing the terms and conditions of the SAR. 

NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements herein contained,

 
and as an inducement to you to continue as an employee of the Company (or its Subsidiaries) and to promote the success of the business of the Company and its Subsidiaries, the parties hereby
agree as follows: 
 1. Grant of SAR. The Company hereby grants to you and you hereby accept, effective as of the date
shown on the Notice of Grant (the “Date of Grant”), and on the terms and subject to the conditions, limitations and restrictions set forth in the Plan and in this Agreement, a SAR which entitles you to receive a payment in cash in
respect of the appreciation, if any, in the value of all or any portion of the number of shares shown on the Notice of Grant above the per share base price shown on the Notice of Grant (the “Base Price”). You must accept this SAR
Award in the manner designated by the Company in the Notice of Grant (e.g. electronic acceptance) not later than 90 days after the Date of Grant, or electronic notification of such Grant, whichever occurs later, or this Award will be rendered void
and without effect. Once accepted as provided above, but subject to the provisions of Sections 2(c), 2(d), 4 and 7 hereof, this Award of SARs is irrevocable and is intended to conform in all respects with the Plan. 

2. Vesting. 
 (a) Regular Vesting. Except as otherwise provided in the Plan or in this Section 2, the SAR shall vest ratably with respect to the amount payable in respect to the underlying shares of Stock
in three (3) equal annual increments commencing on the first anniversary of the Date of Grant. 
 (b) Accelerated
Vesting. 
 (1) Unless otherwise determined by the Committee, or except as provided in an agreement between you and your
Employer, if your Service terminates by reason of Death, Disability or Retirement during the Restriction Period, any unvested portion of the SAR at the time of such termination will vest in full at the date of such termination. For purposes of this
Agreement, “Retirement” shall be defined as your retirement from employment or other service to the Company or any Subsidiary after you reach age sixty-five (65). “Disability” shall be defined as your permanent and
total disability (within the meaning of Section 22(e)(3) of the Code). 
 (2) In addition to the vesting provisions
contained in Sections 2(a), 2(b)(1) and 2(b)(2) above, any unvested portion of your SAR will automatically and immediately vest in full upon a Change in Control. 
 (c) Forfeiture of Unvested SAR. Unless otherwise determined by the Committee, or except as provided in an agreement between you and your Employer, if your Service terminates for any reason other
than Death, Disability or Retirement during the Restriction period, any unvested portion of the SAR will be forfeited and canceled as of the

 

  

					
		  	Page 1 of 5	  	2012 NQSO

 
date of such termination of Service. Notwithstanding anything to the contrary in this Section 2, your rights with respect to unexercised SARs shall in all events be immediately forfeited and
cancelled as of the date of your termination of Service for Cause as defined in Section 4 below. 
 (d) Repayment.
Participant agrees and acknowledges that this Award Agreement is subject to any policies that the Committee may adopt from time to time with respect to the repayment to the Company of any benefit received hereunder, including “clawback”
policies. 
 3. Exercise. In order to exercise the SAR with respect to any vested portion, you must notify the Company
in writing, either sent to the Corporate Secretary’s attention at the Company’s principal office or via the internet through E*Trade (the Company’s plan broker) at www.etrade.com. Within 10 business days following the time of
exercise, the Company shall pay an amount in cash you the excess of the Fair Market Value (as defined below) over the Base Price (as set forth on the Notice of Grant) times the number of vested shares for which the SAR is being exercised. The Fair
Market Value of a Share shall be equal to the average closing prices of the Company’s Stock for 30 days immediately prior to the applicable vesting date. 
 4. Expiration of SAR. The SAR shall expire, and shall not be exercisable with respect to any vested portion as to which the SAR has not been exercised, on the first to occur of: 

(a) the tenth anniversary of the Date of Grant; 
 (b) Ninety (90) days after the effective date of any termination of Service to the Company or any Subsidiary or at such later date as may be determined by the Committee for any reason other than
death, Retirement or Disability, or termination for Cause (as defined below); 
 (c) Twelve (12) months following your
termination of Service to the Company or a Subsidiary, if such termination of Service is due to your death or Disability; or 

(d) the earlier of (i) the tenth anniversary of the Date of Grant, and (ii) the first anniversary of your death, for any SARs
you hold upon your Retirement. 
 Upon your death, any vested portion of the SAR exercisable on the date of death may be
exercised by your estate or by a person who acquires the right to exercise such SAR by bequest or inheritance or by reason of your death, provided that such exercise occurs within the shorter of the remaining term of the SAR and twelve months after
the date of your death. 
 Notwithstanding anything to the contrary in the Plan or this Agreement, if your Service is
terminated for Cause, then all of your rights in respect to the SAR shall terminate and be canceled immediately upon such termination, regardless of whether such SAR is vested or exercisable, in whole or in part.

 
Cause is defined as your (i) willful failure to perform substantially your duties; (ii) willful or serious misconduct that has caused, or could reasonably be expected to result in,
material injury to the business or reputation of an Employer; (iii) conviction of, or entering a plea of guilty or nolo contendere to, a crime constituting a felony; (iv) breach of any written covenant or agreement with an Employer,
any material written policy of your Employer or any Employer’s code of conduct or code of ethics; or (v) failure to cooperate with an Employer in any internal investigation or administrative, regulatory or judicial proceeding. In addition,
your Service shall be deemed to have terminated for Cause if, after your Service has terminated (for a reason other than Cause), facts and circumstances are discovered that would have justified a termination for Cause. Your SARs will also be
immediately forfeited and cancelled in accordance with Section 7 upon your breach of the provisions set forth in Section 7. 
 5. Tax Withholding. The Employer shall have the right to deduct from all amounts paid to you in cash (whether under the Plan or otherwise) any amount required by law to be withheld in respect of
any awards under the Plan as may be necessary in the opinion of the Employer to satisfy any applicable tax withholding requirements under the laws of any country, state, province, city or other jurisdiction, including but not limited to income
taxes, capital gains taxes, transfer taxes, and social security contributions that are required by law to be withheld. 
 6.
Transfer of SAR. The SAR is not transferable except in accordance with the provisions of the Plan. 
 7. Covenants
Not to Disclose, Compete or Solicit. 
 (a) You acknowledge that (i) the Company is engaged in a continuous program of
research, development and production respecting its business throughout the United States (the foregoing, together with any other businesses in which the Company engages from the date hereof to the date of the termination of your employment with the
Company and its Subsidiaries as the “Company Business”); (ii) your work for and position with the Company and/or one of its Subsidiaries has allowed you, and will continue to allow you, access to trade secrets of, and Confidential
Information concerning the Company Business; (iii) the Company Business is national and international in scope; (iv) the Company would not have agreed to grant you this Award but for the agreements and covenants contained in this
Agreement; and (v) the agreements and covenants contained in this Agreement are necessary and essential to protect the business, goodwill, and customer relationships that Company and its Subsidiaries have expended significant resources to
develop. The Company agrees and acknowledges that, on or following the date hereof, it will provide you with one or more of the following: (a) authorization to access Confidential Information through a new computer password or by other means,
(b) authorization to represent the Company in communications with customers and other third parties to promote the goodwill of the business in accordance with generally applicable Company policies and (c) access to

 

  

					
		  	Page 2 of 5	  	2012 NQSO

 
participate in certain restricted access meetings, conferences or training relating to your position with the Company. You understand and agree that if Confidential Information were used in
competition against the Company, the Company would experience serious harm and the competitor would have a unique advantage against the Company. 
 (b) For purposes of this Agreement, “Confidential Information” shall mean all business records, trade secrets, know-how, customer lists or compilations, terms of customer agreements,
sources of supply, pricing or cost information, financial information or personnel data and other confidential or proprietary information used and/or obtained by you in the course of your employment with the Company or any Subsidiary; provided that
the term “Confidential Information” will not include information which (i) is or becomes publicly available other than as a result of a disclosure by you which is prohibited by this agreement or by any other legal, contractual or
fiduciary obligation that you may owe to the Company or any Subsidiary, or (ii) is widely known within one or more of the industries in which the Company or any Subsidiary operates, or you can demonstrate was otherwise known to you prior to
becoming an employee of the Company or any Subsidiary, or (iii) is or becomes available to you on a non-confidential basis from a source (other than the Company or any Subsidiary, including any employee thereof) that is not prohibited from
disclosing such information to you by a legal, contractual or fiduciary obligation to the Company or any Subsidiary. You agree not to engage in unauthorized use or disclosure of Confidential Information, and agree that upon termination of your
employment (or earlier if so requested) you will preserve and return to the Company any and all records in your possession or control, tangible and intangible, containing any Confidential Information. You further agree not to keep or retain any
copies of such records without written authorization from a duly authorized officer of the Company covering the specific item retained. 
 (c) Ancillary to the foregoing and this Award, you hereby agree that, during the term of your employment with the Company or any Subsidiary and for a period of two years thereafter (the “Restricted
Period”), you will not, directly or indirectly, individually or on behalf of any person or entity other than the Company or any of its Subsidiaries: 
 (i) Provide Competing Services (as defined below) to any company or business (other than the Company or any Subsidiary) engaged primarily in the manufacture, distribution, sale or marketing of any of the
Relevant Products (as defined below) in the Relevant Market Area (as defined below); 
 (ii) Approach, consult, solicit
business from, or contact or otherwise communicate, directly or indirectly, in any way with any Customer (as defined below) in an attempt to (1) divert business from, or interfere with any business relationship of the Company or any of its
Subsidiaries, or (2) convince any Customer to change or alter any of such Customer’s existing or prospective contractual terms and conditions with the Company or any Subsidiary; or

 (iii) Solicit, induce, recruit or encourage, either directly or indirectly, any employee
of the Company or any Subsidiary to leave his or her employment with the Company or any Subsidiary or employ or offer to employ any employee of the Company or any Subsidiary. For the purposes of this section, an employee of the Company or any
Subsidiary shall be deemed to be an employee of the Company or any Subsidiary while employed by the Company and for a period of sixty (60) days thereafter. 
 (d) For purposes of this Agreement, the following terms shall have the meanings indicated: 
 (i) to provide “Competing Services” means to provide, manage, supervise, or consult about (whether as an employee, owner, partner, stockholder, investor, joint venturer, lender, director,
manager, officer, employee, consultant, independent contractor, representative or agent, or otherwise) any services that are similar in purpose or function to services you provided to the Company in the two year period preceding the termination of
your employment, that might involve the use or disclosure of Confidential Information, or that would involve business opportunities related to Relevant Products. 
 (ii) “Customer” means any and all persons or entities who purchased any Relevant Product from the Company or any Subsidiary during the term of your employment with the Company or any
Subsidiary and as to whom, within the course of the last two (2) years of your employment with the Company or any Subsidiary, (a) you or someone under your supervision had contact and/or (b) you received or had access to Confidential
Information. 
 (iii) “Relevant Product(s)” means (i) organic dairy products (including milk, cream and
cultured dairy products) or organic juice, (ii) dairy or other non-dairy coffee creamers or other coffee whiteners, (iii) coffee-based beverages, (iv) soy milk or any other soy-based beverage or cultured soy product, (v) almond
milk or any other almond-based beverage or cultured almond product, (vi) coconut milk or any other coconut-based beverage or cultured soy product, and/or (vii) any other product not listed above that was developed or sold by the Company or
a Subsidiary in the course of the last two years of your employment with the Company or any Subsidiary. 
 (iv) “Relevant
Market Area” means the counties (or county equivalents) in the United States where the Company does business that you assist in providing services to and/or receive Confidential Information about in the two-year period preceding the termination
of your employment so long as the Company continues to do business in that geographic market area during the Restricted Period. 
 (e) Notwithstanding the foregoing, (1) the restrictions of subsection 7(a) above shall not prohibit your employment with a non-competing, independently operated subsidiary, division, or unit of a
diversified company (even if other separately operated portions of the diversified company are

 

  

					
		  	Page 3 of 5	  	2012 NQSO

 
involved in Relevant Products) if in advance of your providing any services, you and the diversified company that is going to employ you both provide the Company with written assurances that are
satisfactory to the Company establishing that (a) the entity, subsidiary, division, or unit of the diversified business that you are going to be employed in is not involved in Relevant Products or preparing to become involved in Relevant
Products, and (b) your position will not involve Competing Services of any kind, and (2) you are not prohibited from owning, either of record or beneficially, not more than five percent (5%) of the shares or other equity of any
publicly traded company. Your obligation under this Section 7 shall survive the vesting or forfeiture of your SAR and/or the exercise of the SAR, in whole or in part. 
 (f) Any breach of any provision of this Section 7 will result in immediate and complete forfeiture of your unvested and vested but unexercised SARs. In addition, you hereby agree that if you violate
any provision of this Section 7, the Company will be entitled to injunctive relief, specific performance, or such other legal and equitable relief as is needed to prevent or enjoin any violation of the provisions of this Agreement in addition
to and not to the exclusion of any other remedy that may be allowed by law for damages experienced prior to the issuance of injunctive relief. You also agree that, if you are found to have breached any of the time-limited covenants in this
Section 7, the time period during which you are subject to such covenant shall be extended by one day for each day you are found to have violated such restriction, up to a maximum of two years. 

(g) You acknowledge that you have given careful consideration to the restraints imposed by this Agreement, and you fully agree that they
are necessary for the reasonable and proper protection of the business of the Company and its Subsidiaries. The restrictions set forth herein shall be construed as a series of separate and severable covenants. You agree that each and every restraint
imposed by this Agreement is reasonable with respect to subject matter, time period, and geographical area. Except as expressly set forth herein, the restraints imposed by this Agreement shall continue during their full time periods and throughout
the Relevant Market Area set forth in this Agreement. 
 (h) You stipulate and agree that one of the purposes of this Agreement
is to fully resolve and bring finality to any concerns over the enforceability of the Restrictive Covenants. You also stipulate and agree that (a) the enforceability of the Restrictive Covenants and (b) the Company’s agreement herein
to provide you with the SAR are mutually dependent clauses and obligations without which this Agreement would not be made by the parties. Accordingly, you agree not to sue otherwise pursue a legal claim to set aside or avoid enforcement of the
Restrictive Covenants. And, in the event that you or any other party pursues a legal challenge to the enforceability of any material provision of the restrictions in Section 7 of this Agreement and a material provision is found unenforceable by
a court of law or other legally binding authority such that you are no longer bound by a material provision of Section 7, then

 
(1) any unvested and vested but unexercised portion of the SAR shall be forfeited and (2) you hereby agree that you will repay to the Company any amount paid to you in respect of the
exercise of any portion of the SAR. The foregoing is not intended as a liquidated damage remedy but is instead a return-of-gains and contractual recission remedy due to the mutual dependent nature of the subject provisions in the Agreement.

 (i) If any of the Restrictive Covenants are deemed unenforceable as written, you and the Company expressly authorize the
court to revise, delete, or add to the restrictions contained in this Section 7 to the extent necessary to enforce the intent of the parties and to provide the goodwill, Confidential Information, and other business interests of the Company and
its Subsidiaries with effective protection. And, in the event that such reformation of the restriction is acceptable to the Company, then the forfeiture and rescission (return of gain) remedies provided for in subsection 7(h) above shall not apply.

 (j) The provisions of this Section 7 are not intended to override, supercede, reduce, modify or affect in any manner
any other non-competition or non-solicitation agreement between you and the Company or any Subsidiary, and instead are intended to supplement any such agreements. 
 8. Certain Legal Restrictions. The Plan, the granting and exercising of this SAR, and any obligations of the Company under the Plan, shall be subject to all applicable federal, state and foreign
country laws, rules and regulations, and to such approvals by any regulatory or governmental agency as may be required, and to any rules or regulations of any exchange on which the Stock is listed. The Company, in its discretion, may postpone the
granting and exercising of this SAR or any other action permitted under the Plan to permit the Company, with reasonable diligence, to complete such stock exchange listing or registration or qualification of such Stock or other required action under
any federal, state or foreign country law, rule or regulation. The Company shall not be obligated by virtue of any provision of the Plan to recognize the exercise of this SAR in violation of any such laws, rules or regulations, and any postponement
of the exercise or settlement of this SAR under this provision shall not extend the term of the SAR. Neither the Company nor its directors or officers shall have any obligation or liability to you with respect to any SAR that shall lapse because of
such postponement. 
 9. Plan Incorporated. You accept this SAR subject to all the provisions of the Plan, which are
incorporated into this Agreement, including the provisions that authorize the Committee to administer and interpret the Plan and which provide that the Committee’s decisions, determinations and interpretations with respect to the Plan are final
and conclusive on all persons affected thereby. Except as otherwise set forth in this Agreement, terms defined in the Plan have the same meanings herein. 
 10. Assignment of Intellectual Property Rights. In consideration of the granting of the SAR, you hereby agree that all right, title and interest to any and all products, improvements or processes
(“Intellectual Property”) 

 

  

					
		  	Page 4 of 5	  	2012 NQSO

 
whatsoever, discovered, invented or conceived during the course of your employment with the Company or any of its Subsidiaries, relating to the subject matter of the business of the Company or
any of its Subsidiaries or which may be directly or indirectly utilized in connection therewith, are vested in the Company, and you hereby forever waive any and all interest you may have in such Intellectual Property and agree to assign such
Intellectual Property to the Company. In addition, all writings produced in the course of work or employment for the Company or any Subsidiary are works produced for hire and the property of the Company and its Subsidiaries, including any copyrights
for those writings. 
 11. Miscellaneous. 
 (a) No Guaranteed Employment. The granting of the SAR shall impose no obligation upon you to exercise the SAR or any part thereof. Nothing contained in this Agreement shall affect the right of the
Company or Employer to terminate you at any time, with or without cause, or shall be deemed to create any rights to your employment. The rights and obligations arising under this Agreement are not intended to and do not affect your employment
relationship that otherwise exists between you and the Company or Employer, whether such employment relationship is at will or defined by an employment contract. Moreover, this Agreement is not intended to and does not amend any existing employment
contract between you and the Company or Employer; to the extent there is a conflict between this Agreement and such an employment contract, the employment contract shall govern and take priority. 

(b) No Stockholder Rights. Neither you nor any person claiming under or through you shall be or shall have any of the rights or
privileges of a stockholder of the Company by reason of the grant of the SAR. 
 (c) Notices. Any notice to be given to
the Company under the terms of this Agreement or any delivery of the SAR to the Company shall be addressed to the Company at its principal executive offices, and any notice to be given to you shall be addressed to you at the address set forth on the
attached Notice of Grant, or at such other address for a party as such party may hereafter designate in writing to the other. Any such notice shall be deemed to have been duly given if mailed, postage prepaid, addressed as aforesaid. 

(d) Binding Agreement. Subject to the limitations in this Agreement and the Plan on the transferability by you of the SAR and any
shares of Stock, this Agreement shall be binding upon and inure to the benefit of your representatives, executors, successors or beneficiaries.

 (e) Governing Law. The interpretation, performance and enforcement of this
Agreement shall be governed by the laws of the State of Delaware and the United States, as applicable, without reference to the conflict of laws provisions thereof. 
 (f) Severability. Except as otherwise expressly provided for herein in Section 7 above, if any provision of this Agreement is declared or found to be illegal, unenforceable or void, in whole
or in part, then the parties shall be relieved of all obligations arising under such provision, but only to the extent that it is illegal, unenforceable or void, it being the intent and agreement of the parties that this Agreement shall be deemed
amended by modifying such provision to the extent necessary to make it legal and enforceable while preserving its intent or, if that is not possible, by substituting therefor another provision that is legal and enforceable and achieves the same
objectives. 
 (g) Interpretation. All section titles and captions in this Agreement are for convenience only, shall not
be deemed part of this Agreement, and in no way shall define, limit, extend or describe the scope or intent of any provisions of this Agreement. 
 (h) Entire Agreement. Except as otherwise provided for in Section 7 above, this Agreement constitutes the entire agreement among the parties hereto pertaining to the subject matter hereof and
supersedes all prior agreements and understandings pertaining thereto. 
 (i) No Waiver. No failure by any party to
insist upon the strict performance of any covenant, duty, agreement or condition of this Agreement or to exercise any right or remedy consequent upon a breach thereof shall constitute waiver of any such breach or any other covenant, duty, agreement
or condition. 
 (j) Counterparts. This Agreement may be executed in counterparts, all of which together shall
constitute one agreement binding on all the parties hereto, notwithstanding that all such parties are not signatories to the original or the same counterpart. 
 (k) Relief. In addition to all other rights or remedies available at law or in equity, the Company shall be entitled to injunctive and other equitable relief to prevent or enjoin any violation of
the provisions of this Agreement. 
 END OF AGREEMENT

 

  

					
		  	Page 5 of 5	  	2012 NQSO

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