Document:

Greater Bay Bancorp 1996 Stock Option Plan

 Exhibit 10.10 
 GREATER BAY BANCORP 1996 STOCK OPTION PLAN, AS AMENDED 
 As of December 19, 2006

 1. PURPOSE. 
 The purpose of the
Plan is to offer selected employees, directors and consultants an opportunity to acquire a proprietary interest in the success of the Company, or to increase such interest, by purchasing Shares of the Company’s Common Stock. The Plan provides
for the grant of Nonstatutory Options, ISOs intended to qualify under Section 422 of the Code, and the grant of Restricted Stock Awards. 
 2.
DEFINITIONS. 
 (a) “Board of Directors” shall mean the Board of Directors of the Company, as constituted from time to
time. 
 (b) “Change in Control” shall mean the occurrence of either of the following events: 
 (i) A change in the composition of the Board of Directors, as a result of which fewer than one-half of the incumbent directors are
directors who either: 
 (A) Had been directors of the Company 24 months prior to such change; or 
 (B) Were elected, or nominated for election, to the Board of Directors 24 months prior to such change and who were still in office at the
time of the election or nomination; 
 (ii) Any “person” (as such term is used in Sections 13(d) and 14(d) of the
Exchange Act) by the acquisition or aggregation of securities is or becomes the beneficial owner, directly or indirectly, of securities of the Company representing 40 percent or more of the combined voting power of the Company’s then
outstanding securities. For purposes of this Paragraph (ii), the term “person” shall not include an employee benefit plan maintained by the Company; 
 (iii) The effective date of any merger, consolidation or other reorganization of the Company, other than a merger, consolidation or other
reorganization of the Company in which the holders of the voting capital stock of the Company immediately prior to the merger, consolidation or other reorganization hold more that 40 percent of the voting capital stock of the surviving entity or its
parent immediately after the consolidation, merger or other reorganization; 
 (iv) The shareholders of the Company approve
any plan or proposal for the liquidation or dissolution of the Company; or 

 (v) The shareholders of the Company approve the sale or transfer of substantially all of
the Company’s assets to parties that are not within a “controlled group of corporations” (as that term is defined in section 1563 of the Code) in which the Company is a member. 
 (c) “Code” shall mean the Internal Revenue Code of 1986, as amended. 
 (d) “Committee” shall mean a committee of the Board of Directors, as described in Section 3(a), or in the absence of such a
committee, the Board of Directors. 
 (e) “Company” shall mean Greater Bay Bancorp, a California corporation, formerly known
as Mid-Peninsula Bancorp, a California corporation. 
 (f) “Employee” shall mean: 
 (i) Any individual who is a common-law employee of the Company or of a Subsidiary; 
 (ii) A member of the Board of Directors; and 
 (iii) An independent contractor who performs services for the Company or a Subsidiary and who is not a member of the Board of Directors. 
 Service as an independent contractor or member of the Board of Directors shall be considered employment for all purposes of the Plan, except as provided in Section 4(a). 
 (g) “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 
 (h) “Exercise Price” shall mean the amount for which one Share may be purchased upon exercise of an Option, as specified by the
Committee in the applicable Stock Option Agreement. 
 (i) “Fair Market Value” shall mean the market price of Stock,
determined by the Committee as follows: 
 (i) If Stock was traded over-the-counter on the date in question but was not traded
on the Nasdaq system or the Nasdaq National Market System, then the Fair Market Value shall be equal to the mean between the last reported representative bid and asked prices quoted for such date by the principal automated inter-dealer quotation
system on which Stock is quoted or, if Stock is not quoted on any such system, by the “Pink Sheets” published by the National Quotation Bureau, Inc.; 
 (ii) If Stock was traded over-the-counter on the date in question and was traded on the Nasdaq system or the Nasdaq National Market
System, then the Fair Market Value shall be equal to the last-transaction price quoted for such date by the Nasdaq system or the Nasdaq National Market System; 
  

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 (iii) If Stock was traded on a stock exchange on the date in question, then the Fair
Market Value shall be equal to the closing price reported by the applicable composite transactions report for such date; and 
 (iv) If none of the foregoing provisions is applicable, then the Fair Market Value shall be determined by the Committee in good faith on such basis as it deems appropriate. 
 In all cases, the determination of Fair Market Value by the Committee shall be conclusive and binding on all persons. 
 (j) “Grantee” means an individual who holds a Restricted Stock Award. 
 (k)
“ISO” shall mean an employee incentive stock option described in Section 422(b) of the Code. 
 (l)
“Nonstatutory Option” shall mean a stock option not described in Sections 422(b) or 423(b) of the Code. 
 (m)
“Option” shall mean an ISO or Nonstatutory Option granted under the Plan and entitling the holder to purchase Shares. 
 (n)
“Optionee” shall mean an individual who holds an Option. 
 (o) “Plan” shall mean this Greater Bay Bancorp
1996 Stock Option Plan, as it may be amended from time to time. 
 (p) “Restricted Stock” means shares of Common Stock
issued or issuable pursuant to a grant of Restricted Stock Award. 
 (q) “Restricted Stock Award” means the right to earn
Restricted Stock under the Plan. 
 (r) “Restricted Stock Award Agreement” means a written agreement between the Company and
the Grantee which contains the terms, conditions and restrictions pertaining to his or her Restricted Stock Award. 
 (s)
“Restrictions” shall mean (a) the restrictions on sale or other transfer (b) the exposure to forfeiture set forth in Section 4 of the Restricted Award Agreement and/or (c) the restrictions relating to
performance, if any, set forth on Appendix A of the Restricted Stock Award Agreement. 
 (t) “Retirement” shall have the
same meaning as “Retirement,” as defined in the Greater Bay Bancorp 401(k) Profit Sharing Plan. 
 (u) “Service”
shall mean service as an Employee. 
 (v) “Share” shall mean one share of Stock, as adjusted in accordance with
Section 9 (if applicable). 
  

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 (w) “Stock” shall mean the Common Stock of the Company. 
 (x) “Stock Option Agreement” shall mean the agreement between the Company and an Optionee which contains the terms, conditions and
restrictions pertaining to his or her Option. 
 (y) “Subsidiary” shall mean any corporation, if the Company and/or one or
more other Subsidiaries own not less than 50 percent of the total combined voting power of all classes of outstanding stock of such corporation. A corporation that attains the status of a Subsidiary on a date after the adoption of the Plan shall be
considered a Subsidiary commencing as of such date. 
 (z) “Substitute Option” shall mean an option described in
Section 6(j). 
 (aa) “Substitute Restricted Stock Award” shall mean a restricted stock award described in
Section 7(m). 
 (bb) “Total and Permanent Disability” shall mean that the Optionee or Grantee is unable to engage in
any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted, or can be expected to last, for a continuous period of not less than one year.

 3. ADMINISTRATION. 
 (a) Committee
Membership. The Board of Directors shall have the authority to administer the Plan but may delegate its administrative powers under the Plan, in whole or in part, to one or more committees of the Board of Directors. With respect to the
participation of Employees who are subject to Section 16 of the Exchange Act, the Plan may be administered by a committee composed solely of two or more members of the Board of Directors who qualify as “nonemployee directors” as
defined in Securities and Exchange Commission Rule 16b-3 under the Exchange Act. The Plan may be administered by a committee composed solely of two or more members of the Board of Directors who qualify as “outside directors” as defined by
the Internal Revenue Service for awards intended to qualify for an exemption under Section 162(m)(4)(C) of the Code. 
 (b) Committee
Procedures. The Board of Directors shall designate one of the members of any Committee appointed under paragraph (a) as chairman. Any such Committee may hold meetings at such times and places as it shall determine. The acts of a majority of
the Committee members present at meetings at which a quorum exists, or acts reduced to or approved in writing by all Committee members, shall be valid acts of the Committee. 
 (c) Committee Responsibilities. Subject to the provisions of the Plan, any such Committee shall have full authority and discretion to take the
following actions: 
 (i) To interpret the Plan and to apply its provisions; 
 (ii) To adopt, amend or rescind rules, procedures and forms relating to the Plan; 
  

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 (iii) To authorize any person to execute, on behalf of the Company, any instrument
(including, but not limited to, Stock Option Agreements and Restricted Stock Award Agreements) required to carry out the purposes of the Plan; 
 (iv) To determine when Options and Restricted Stock Awards are to be granted under the Plan; 
 (v) To select the Optionees and Grantees; 
 (vi) To determine the number of Shares to be made subject to each Option
and Restricted Stock Award; 
 (vii) To prescribe the terms and conditions of each Option, including (without limitation) the
Exercise Price, to determine whether such Option is to be classified as an ISO or as a Nonstatutory Option, and to specify the provisions of the Stock Option Agreement relating to such Option; 
 (viii) To prescribe the terms and conditions of each Restricted Stock Award, including (without limitation) Restrictions (if any), and to
specify the provisions of the Restricted Stock Award Agreement relating to such Restricted Stock Award; 
 (ix) To amend any
outstanding Stock Option Agreement and Restricted Stock Award Agreement, subject to applicable legal restrictions and to the consent of the Optionee or Grantee who entered into such agreement; 
 (x) To prescribe the consideration for the grant of each Option and Restricted Stock Award under the Plan and to determine the sufficiency
of such consideration; and 
 (xi) To take any other actions deemed necessary or advisable for the administration of the Plan.

 All decisions, interpretations and other actions of the Committee shall be final and binding on all Optionees and Grantees, and all persons deriving their
rights from an Optionee or Grantee. No member of the Committee shall be liable for any action that he or she has taken or has failed to take in good faith with respect to the Plan or any Option or Restricted Stock Award. 
 4. ELIGIBILITY. 
 (a) General Rules. Only
Employees shall be eligible for designation as Optionees or Grantees by the Committee. In addition, only Employees who are common-law employees of the Company or a Subsidiary shall be eligible for the grant of ISOs. 
 (b) Ten-Percent Stockholders. An Employee who owns more than 10 percent of the total combined voting power of all classes of outstanding stock of
the Company or any of its Subsidiaries shall not be eligible for the grant of an ISO unless: 
 (i) The Exercise Price is at
least 110 percent of the Fair Market Value of a Share on the date of grant; and 
  

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 (ii) Such ISO by its terms is not exercisable after the expiration of five years from the
date of grant. 
 (c) Attribution Rules. For purposes of Subsection (b) above, in determining stock ownership, the rules of
Section 424(d) of the Code shall apply. 
 (d) Outstanding Stock. For purposes of Subsection (b) above, “outstanding
stock” shall include all stock actually issued and outstanding immediately after the grant. “Outstanding stock” shall not include shares authorized for issuance under outstanding options held by the Employee or by any other person.

 5. STOCK SUBJECT TO PLAN. 
 (a)
Basic Limitation. Shares reserved for issuance pursuant to the exercise of Options and Restricted Stock Awards granted under the Plan shall be authorized but unissued Shares. The aggregate number of Shares which may be issued pursuant to the
exercise of Options and Restricted Stock Awards granted under the Plan shall be 20,204,312 all of which may be issued pursuant to the exercise of ISOs, Nonstatutory Options or Restricted Stock Awards granted under the Plan. The number of Shares
which are subject to Options or Restricted Stock Awards outstanding at any time under the Plan shall not exceed the number of Shares which then remain available for issuance under the Plan. The Company, during the term of the Plan, shall at all
times reserve and keep available sufficient Shares to satisfy the requirements of the Plan. 
 (b) Additional Shares. In the event
that any outstanding option granted under this Plan, including Substitute Options, or the Prior Plan, for any reason expires or is canceled or otherwise terminated, the Shares allocable to the unexercised portion of such option shall become
available for the purposes of this Plan. In the event that any outstanding Restricted Stock Award granted under this Plan, including Substitute Restricted Stock Awards, for any reason expires or is canceled, forfeited or otherwise terminated, the
Shares allocable to the unearned portion of such Restricted Stock Award shall become available for the purposes of this Plan. 
 6. TERMS AND CONDITIONS
OF OPTIONS. 
 (a) Stock Option Agreement. Each grant of an Option under the Plan shall be evidenced by a Stock Option Agreement
executed by the Optionee and the Company. Such Option shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions which are not inconsistent with the Plan and which the Committee deems
appropriate for inclusion in a Stock Option Agreement. The provisions of the various Stock Option Agreements entered into under the Plan need not be identical. 
 (b) Number of Shares. Each Stock Option Agreement shall specify the number of Shares that are subject to the Option and shall provide for the adjustment of such number in accordance with Section 9. Options
granted to any Optionee in a single calendar year shall in no event cover more than 120,000 Shares, subject to adjustment in accordance with Section 9. The Stock Option Agreement shall also specify whether the Option is an ISO or a Nonstatutory
Option. 
  

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 (c) Exercise Price. Each Stock Option Agreement shall specify the Exercise Price. The Exercise
Price of an Option shall not be less than 100 percent of the Fair Market Value of a Share on the date of grant, except as otherwise provided in Section 4(b) with respect to ISO’s and Section 6(i) with respect to Substitute Options.
The Exercise Price shall be payable in a form described in Section 8. 
 (d) Withholding Taxes. As a condition to the exercise of
an Option, the Optionee shall make such arrangements as the Committee may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that arise in connection with such exercise. The Optionee shall also make such
arrangements as the Committee may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with the disposition of Shares acquired by exercising an Option. The Committee may permit
the Optionee to satisfy all or part of his or her tax obligations related to the Option by having the Company withhold a portion of any Shares that otherwise would be issued to him or her or by surrendering any Shares that previously were acquired
by him or her. Such Shares shall be valued at their Fair Market Value on the date when taxes otherwise would be withheld in cash. The payment of taxes by assigning Shares to the Company, if permitted by the Committee, shall be subject to such
restrictions as the Committee may impose. 
 (e) Exercisability. Each Stock Option Agreement shall specify the date when all or any
installment of the Option is to become exercisable. The vesting of any Option shall be determined by the Committee at its sole discretion; provided however, that: 
 (i) Each Stock Option Agreement shall provide for immediate exercisability of the entire Option in the event of a Change in Control. In
addition, each Stock Option Agreement shall provide that during the 15 day period prior to the effective date of a merger, consolidation or other reorganization which would constitute a Change in Control, each holder of an Option shall have the
right, subject to earlier expiration or termination of the Option in accordance with its terms, to exercise the entire Option which exercise shall be deemed effective immediately prior to the effective date of such merger, consolidation or other
reorganization and be subject to the occurrence of such effective date. 
 (ii) In the event that an Optionee’s Service
terminates, the Option shall be exercisable only to the extent the Option was vested as of the date of such termination, unless otherwise specified in the Optionee’s Stock Option Agreement. 
 (f) Term. Each Stock Option Agreement shall specify the term of the Option. The term of an ISO shall not exceed 10 years from the date of grant,
except as otherwise provided in Section 4(b). Subject to the preceding sentence, the Committee at its sole discretion shall determine when an Option is to expire. In the event that the Optionee’s Service terminates: 
 (i) As a result of such Optionee’s death or Total and Permanent Disability, the term of the Option shall expire twelve months (or
such other period specified in the Optionee’s Stock Option Agreement) after such death or Total and Permanent Disability but not later than the original expiration date specified in the Stock Option Agreement. 
  

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 (ii) As a result of termination by the Company for cause, the term of the Option shall
expire thirty days after the Company’s notice or advice of such termination is dispatched to Employee, but not later than the original expiration date specified in the Stock Option Agreement. For purposes of this Paragraph (ii),
“cause” shall mean an act of embezzlement, disclosure of any of the secrets or confidential information of the Company, the inducement of any client or customer of the Company to break any contract with the Company, or the inducement of
any principal for whom the Company acts as agent to terminate such agency relationship, the engagement of any conduct which constitutes unfair competition with the Company, the removal of Optionee from office by any court or bank regulatory agency,
or such other similar acts which the Committee in its discretion determine to constitute good cause for termination of Optionee’s Service. As used in this Paragraph (ii), Company includes Subsidiaries of the Company. 
 (iii) As a result of termination for any reason other than Total and Permanent Disability, death or cause, the term of the Option shall
expire three months (or such other period specified in the Optionee’s Stock Option Agreement) after such termination, but not later than the original expiration date specified in the Stock Option Agreement. 
 (g) Transferability. During an Optionee’s lifetime, such Optionee’s ISO(s) shall be exercisable only by him or her and shall not be
transferable. An Optionee’s Nonstatutory Options shall also not be transferable during the Optionee’s lifetime, except to the extent otherwise permitted in the Optionee’s Stock Option Agreement. Subject to prior permitted transfers,
in the event of an Optionee’s death, such Optionee’s Option(s) shall not be transferable other than by will, by written beneficiary designation or by the laws of descent and distribution. 
 (h) No Rights as a Stockholder. An Optionee, or a transferee of an Optionee, shall have no rights as a stockholder with respect to any Shares
covered by his or her Option until the date of the issuance of a stock certificate for such Shares. No adjustments shall be made, except as provided in Section 9. 
 (i) Modification, Extension and Renewal of Options. Within the limitations of the Plan, the Committee may modify, extend or renew outstanding Options; provided, however, that in no event shall the
Committee reduce the exercise price of any outstanding options or replace any outstanding options with new options having a lower exercise price for any reason (“repricing”), without the approval of the Company’s shareholders. The
foregoing notwithstanding, no modification of an Option shall, without the consent of the Optionee, impair such Optionee’s rights or increase his or her obligations under such Option. 
 (j) Substitute Options. If the Company at any time should succeed to the business of another corporation through merger or consolidation, or
through the acquisition of stock or assets of such corporation, Options may be granted under the Plan in substitution of options previously granted by such corporation to purchase shares of its stock which options are outstanding at the date of the
succession (“Surrendered Options”). It is specifically intended that this section of the Plan shall authorize the granting and issuance of Substitute Options pursuant to the terms of: (i) the Amended and Restated Agreement and Plan of
Reorganization by and between Mid-Peninsula Bancorp and Cupertino National Bancorp dated June 26, 1996 and (ii) the Agreement and Plan of Reorganization by and among the Company, GBB Acquisition Corp., and Peninsula 

  

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Bank of Commerce dated November 3, 1997. The Committee shall have discretion to determine the extent to which such Substitute Options shall be granted,
the persons to receive such Substitute Options, the number of Shares to be subject to such Substitute Options, and the terms and conditions of such Substitute Options which shall, to the extent permissible within the terms and conditions of the
Plan, be equivalent to the terms and conditions of the Surrendered Options. The Exercise Price may be determined without regard to Section 6(c); provided however, that the Exercise Price of each Substitute Option shall be an amount such that,
in the sole and absolute judgment of the Committee (and if the Substitute Options are to be ISO’s, in compliance with Section 424(a) of the Code), the economic benefit provided by such Substitute Option is not greater than the economic
benefit represented by the Surrendered Option as of the date of the succession. 
 7. TERMS AND CONDITIONS OF RESTRICTED STOCK AWARDS. 
 (a) Restricted Stock Award Agreement. Each grant of a Restricted Stock Award under the Plan shall be evidenced by a Restricted Stock Award
Agreement executed by the Grantee and the Company. Such Restricted Stock Award shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions, including any Restrictions, which are not
inconsistent with the Plan and which the Committee deems appropriate for inclusion in a Restricted Stock Award Agreement. The Restricted Stock Award Agreement shall specify the purchase price (if any) for the Restricted Stock. The provisions of the
various Restricted Stock Award Agreements entered into under the Plan need not be identical. 
 (b) Number of Shares. Each Restricted
Stock Award Agreement shall specify the number of Shares that are subject to the Restricted Stock Award and shall provide for the adjustment of such number in accordance with Section 9. 
 (c) Withholding Taxes. As a condition to the lapse of any Restrictions to the Restricted Stock Award, the Grantee shall make such arrangements as
the Committee may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that arise in connection with such lapse. The Committee may permit the Grantee to satisfy all or part of his or her tax obligations
related to the Restricted Stock Award by having the Company withhold a portion of any Shares that otherwise would be issued to him or her or by surrendering any Shares that previously were acquired by him or her. Such Shares shall be valued at their
Fair Market Value on the date when taxes otherwise would be withheld in cash. The payment of taxes by assigning Shares to the Company, if permitted by the Committee, shall be subject to such restrictions as the Committee may impose. 
 (d) Restrictions. Each Restricted Stock Award Agreement shall specify any Restrictions on the Restricted Stock Award. Each Restricted Stock Award
Agreement shall specify the date(s) when all or any Restrictions to the Restricted Stock Award shall lapse or the Restrictions (if any) relating to performance satisfaction of which shall cause such Restrictions to lapse. The lapse of any
Restrictions shall be determined by the Committee in its sole discretion, provided, however, that each Restricted Stock Award Agreement shall provide that all Restrictions shall lapse upon a Change in Control. 
  

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 (e) Escrow of Restricted Stock. Until all Restrictions have expired or been removed, the Secretary
or such other escrow holder as the Board of Directors may appoint shall retain custody of the stock certificates representing the Restricted Stock subject to the Award; provided, however, that in no event shall the Grantee retain physical custody of
any certificates representing shares of Restricted Stock awarded to him or her. 
 (f) Termination of Service and Forfeiture of Restricted
Stock. Each Restricted Stock Award Agreement shall specify the term of the Restricted Stock Award. Subject to the preceding sentence, the Committee at its sole discretion shall determine when a Restricted Stock Award is to expire. In the event
that the Grantee’s Service terminates: 
 (i) As a result of such Grantee’s death or Total and Permanent Disability,
or in the event of Grantee’s Retirement, the term of the Restricted Stock Award shall expire and any Restrictions on the Restricted Stock Awards immediately shall lapse upon such death, Total and Permanent Disability or Retirement but not later
than the original expiration date specified in the Restricted Stock Award Agreement. 
 (ii) As a result of termination by the
Company for cause, or any other event resulting in the termination of Grantee’s Service not specified in Section 7(f)(i) above, the term of the Restricted Stock Award shall expire thirty days after the Company’s notice or advice of
such termination is dispatched to Employee, but not later than the original expiration date specified in the Restricted Stock Award Agreement. In the event that a Grantee’s Service terminates for cause, or any other event resulting in the
termination of Grantee’s service not specified in Section 7(f)(i) above, the Shares subject to the Restricted Stock Award shall be earned only to the extent the such Shares were earned as of the date of such termination, unless otherwise
specified in the Grantee’s Restricted Stock Award Agreement. In such event, the Grantee shall forfeit the right to earn any Restricted Stock subject to the Restricted Stock Award as to which vesting has not yet occurred, and the Restricted
Stock so forfeited shall be returned to the Company. 
 For purposes of this Paragraph (ii), “cause” shall mean an act of
embezzlement, disclosure of any of the secrets or confidential information of the Company, the inducement of any client or customer of the Company to break any contract with the Company, or the inducement of any principal for whom the Company acts
as agent to terminate such agency relationship, the engagement of any conduct which constitutes unfair competition with the Company, the removal of Grantee from office by any court or bank regulatory agency, or such other similar acts which the
Committee in its discretion determine to constitute good cause for termination of Grantee’s Service. As used in this Paragraph (ii), Company includes Subsidiaries of the Company. 
 (g) No Fractional Shares. In determining the number of shares of Restricted Stock which are earned, fractional shares shall be rounded down to the
nearest whole number, provided that such fractional shares shall be aggregated and earned at such time as all Restrictions lapse or expire. 
  

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 (h) Timing of Distributions: General Rule. Except as provided in Subsection (i) below,
certificates representing Restricted Stock shall be distributed to the Grantee as soon as practicable after all Restrictions have lapsed or expired. 
 (i) Conditions to Issuance of Certificates. The Company shall not be required to issue or deliver any certificate or certificates for shares of stock pursuant to this Agreement prior to fulfillment of all of
the following conditions: 
 (i) The listing of such shares on all stock exchanges on which such class of stock is then
listed; 
 (ii) The registration or qualification of such shares under any federal or state securities laws or under rulings
or regulations of the Securities and Exchange Commission or of any other governmental regulatory body, which the Board of Directors shall, in its sole and absolute discretion, deem necessary or advisable; 
 (iii) The obtaining of any approval or other clearance from any state or federal governmental agency which the Board of Directors shall,
in its sole and absolute discretion, determine to be necessary or advisable; 
 (iv) The lapse of such reasonable period of
time as the Board of Directors may from time to time establish for reasons of administrative convenience; 
 (v) The receipt
by the Company of full payment for any applicable withholding tax. 
 (j) Transferability. A Grantee’s Restricted Stock Award
shall not be transferable during the Grantee’s lifetime, except to the extent otherwise permitted in the Grantee’s Restricted Stock Award Agreement. Subject to prior permitted transfers, in the event of a Grantee’s death, such
Grantee’s Restricted Stock Award(s) shall not be transferable other than by will, by written beneficiary designation or by the laws of descent and distribution. 
 (k) Rights as Stockholder. Upon the delivery of Restricted Stock to the escrow holder pursuant to the Restricted Stock Award Agreement, the Grantee shall have all the rights of a stockholder of the Company with
respect to the Restricted Stock, subject to the Restrictions and the Restricted Stock Agreement, including the right to vote the Restricted Stock and the right to receive all dividends or other distributions paid or made with respect to the
Restricted Stock; provided, however, that any additional Shares of Restricted Stock to which Grantee shall be entitled as a result of stock dividends, stock splits or any other form of recapitalization in respect of Shares of Restricted Stock
subject to Restrictions shall also be subject to the Restrictions until the Restrictions on the underlying shares of Restricted Stock lapse or expire. 
 (l) Modification, Extension and Renewal of Options. Within the limitations of the Plan, the Committee may modify, extend or renew outstanding Restricted Stock Awards or may accept the cancellation of
outstanding Restricted Stock Awards (to the extent not previously earned) in return for the grant of new Restricted Stock Awards at the same or a different price. The foregoing notwithstanding, no modification of a Restricted Stock Award shall,
without the consent of the Grantee, impair such Grantee’s rights or increase his or her obligations under such Restricted Stock Award. 
  

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 (m) Substitute Restricted Stock Award. If the Company at any time should succeed to the business
of another corporation through merger or consolidation, or through the acquisition of stock or assets of such corporation, Restricted Stock Awards may be granted under the Plan in substitution of restricted stock awards previously granted by such
corporation with respect to shares of its stock which restricted stock awards are outstanding at the date of the succession (“Surrendered Restricted Stock Awards”). The Committee shall have discretion to determine the extent to which such
Substitute Restricted Stock Awards shall be granted, the persons to receive such Substitute Restricted Stock Awards, the number of Shares to be subject to such Restricted Stock Awards, and the terms, conditions and restrictions of such Substitute
Restricted Stock Awards which shall, to the extent permissible within the terms and conditions of the Plan, be equivalent to the terms, conditions and restrictions of the Surrendered Restricted Stock Awards. The Restrictions may be determined in the
sole discretion of the Committee; provided however, that the Restrictions of each Substitute Restricted Stock Award shall be equivalent to the Restrictions represented by the Surrendered Restricted Stock Award as of the date of the succession.

 8. PAYMENT FOR SHARES. 
 (a) General
Rule. The entire consideration for Shares issued under the Plan shall be payable in lawful money of the United States of America at the time when such Shares are purchased, except as follows: 
 (i) ISOs. In the case of an ISO granted under the Plan, payment shall be made only pursuant to the express provisions of the
applicable Stock Option Agreement. However, the Committee (at its sole discretion) may specify in the Stock Option Agreement that payment may be made pursuant to Subsections (b), (c) or (d) below. 
 (ii) Nonstatutory Options. In the case of a Nonstatutory Option granted under the Plan, the Committee (at its sole discretion) may
accept payment pursuant to Subsections (b), (c), or (d) below. 
 (iii) Restricted Stock Awards. In the case of a
Restricted Stock Award granted under the Plan, payment (if any) shall be made only pursuant to the express provisions of the applicable Restricted Stock Award Agreement. 
 (b) Surrender of Stock. To the extent that this Subsection (b) is applicable, payment may be made all or in part with Shares which have already been owned by the Optionee or Grantee or his or her
representative for more than 6 months and which are surrendered to the Company in good form for transfer. Such Shares shall be valued at their Fair Market Value on the date when the new Shares are purchased under the Plan. 
 (c) Exercise/Sale. To the extent that this Subsection (c) is applicable, payment may be made by the delivery (on a form prescribed by the
Company) of an irrevocable direction to a securities broker approved by the Company to sell Shares and to deliver all or part of the sales 

  

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proceeds to the Company in payment of all or part of the Exercise Price of the Option, or the consideration for the Restricted Stock Award, whichever the
case may be, and any withholding taxes. 
 (d) Exercise/Pledge. To the extent that this Subsection (d) is applicable, payment may
be made by the delivery (on a form prescribed by the Company) of an irrevocable direction to pledge Shares to a securities broker or lender approved by the Company, as security for a loan, and to deliver all or part of the loan proceeds to the
Company in payment of all or part of the Exercise Price of the Option, or the consideration for the Restricted Stock Award, whichever the case may be, and any withholding taxes. 
 9. ADJUSTMENT OF SHARES. 
 (a) General. In the event of a subdivision of the outstanding Stock,
a declaration of a dividend payable in Shares, a declaration of a dividend payable in a form other than Shares in an amount that has a material effect on the value of Shares, a combination or consolidation of the outstanding Stock (by
reclassification or otherwise) into a lesser number of Shares, a recapitalization, a spinoff or a similar occurrence, proportionate adjustments shall be made to each of the following, in all cases without the consent of any Optionee or Grantee:

 (i) The number of Shares available under Section 5 for future grants; 
 (ii) The limit set forth in Section 6(b) and Section 7(b); 
 (iii) The number of Shares covered by each outstanding Option and consideration for each outstanding Restricted Stock Award; or

 (iv) The Exercise Price under each outstanding Option and Restricted Stock Award. 
 (b) Reorganizations. In the event that the Company is a party to a merger, consolidation or other reorganization which would constitute a Change
in Control, such agreement may provide, subject to the provisions of Section 6(e)(i) and the proviso of Section 7(d) (which provide for the immediate acceleration of the vesting and exercisability of all shares subject to outstanding
Options and the immediate lapse of all restrictions on Restricted Stock Awards), (i) for the assumption of outstanding Options and Restricted Stock Awards by the surviving corporation or its parent, for their continuation by the Company (if the
Company is a surviving corporation), or (ii) for cancellation of the Options or Restricted Stock Awards upon payment of a cash settlement per Option or Restricted Stock Award equal to the difference between the amount to be paid for one Share
under such agreement and the then-current Fair Market Value of such Share on an unrestricted basis, or (iii) in the event the agreement does not provide for either of the events specified in subparagraphs (i) and (ii) above, the
cancellation of Options not exercised prior to the effective date of such merger, consolidation or other reorganization, in all cases without the Optionees’ or Grantees’ consent. 
 (c) Reservation of Rights. Except as provided in this Section 9, an Optionee or Grantee shall have no rights by reason of any subdivision or
consolidation of shares of stock of any class, the payment of any dividend or any other increase or decrease in the number of shares of stock of 

  

 13 

 
any class. Any issue by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall not affect, and no
adjustment by reason thereof shall be made with respect to, the number or Exercise Price of Shares subject to an Option and the number of or consideration for Shares subject to a Restricted Stock Award. The grant of an Option or Restricted Stock
Award pursuant to the Plan shall not affect in any way the right or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure, to merge or consolidate or to dissolve, liquidate, sell
or transfer all or any part of its business or assets. 
 10. SECURITIES LAWS. 
 Shares shall not be issued under the Plan unless the issuance and delivery of such Shares complies with (or is exempt from) all applicable requirements of
law, including (without limitation) the Securities Act of 1933, as amended, the rules and regulations promulgated thereunder, state securities laws and regulations, and the regulations of any stock exchange on which the Company’s securities may
then be listed. 
 11. NO RETENTION RIGHTS. 
 Neither the Plan nor any Option or Restricted Stock Award shall be deemed to give any individual a right to remain an employee or consultant of the Company or a Subsidiary. The Company and its Subsidiaries reserve the right to terminate the
service of any employee or consultant at any time, with or without cause, subject to applicable laws and a written employment agreement (if any). 
 12.
DURATION AND AMENDMENTS. 
 (a) Term of the Plan. The Plan, as set forth herein, shall become effective as of the Effective
Date, provided that the Plan has been approved by the shareholders of the Company in the manner required by applicable law or regulation. The Plan, if not extended, shall terminate automatically ten years after the Effective Date, except that any
ISO’s granted under the Plan must be granted by September 18, 2006, ten years after the Plan was adopted by the Board of Directors. It may be terminated on any earlier date pursuant to Subsection (b) below. 
 (b) Right to Amend or Terminate the Plan. The Board of Directors may amend, suspend or terminate the Plan at any time and for any reason;
provided, however, that in no event shall the Plan be amended to permit the repricing of any outstanding Options, without the approval of the Company’s shareholders. An amendment of the Plan shall be subject to the approval of the
Company’s shareholders only to the extent provided herein or required by applicable laws or regulations. 
 (c) Effect of Amendment
or Termination. No Shares shall be issued or sold under the Plan after the termination thereof, except upon exercise of an Option granted prior to such termination. The termination of the Plan, or any amendment thereof, shall not adversely
affect any Share previously issued or any Option or Restricted Stock Award previously granted under the Plan. 
  

 14Greater Bay Bancorp Omnibus Equity Incentive Plan

 Exhibit 10.29 
 GREATER BAY BANCORP 
 OMNIBUS EQUITY INCENTIVE PLAN 
 As amended as of December 19, 2006 
 1. Purpose. 
 The purposes of the Plan are to attract, motivate, and retain Employees, Directors, and Consultants of
Greater Bay Bancorp and its Subsidiaries; to offer selected Employees, Directors, and Consultants the opportunity to acquire proprietary interests in the Company by purchasing or receiving shares of the Company’s Stock or other similar rights;
and to promote the success of the Company. The Plan provides for the grant of Nonstatutory Options, Incentive Stock Options, Stock Appreciation Rights, Performance Shares, Restricted Stock, and Restricted Stock Units. The Plan also is intended to
provide shares of Stock for Awards granted to Employees, Consultants and Directors under other compensation plans offered by the Company and its Subsidiaries. 
 2. Definitions. 
 (a) “Affiliated SAR” means a SAR granted in connection with an Option such that the
exercise of the Option does not cancel the SAR, but rather results in the exercise of the SAR. 
 (b) “Applicable Laws”
means the requirements relating to the administration of stock plans under U.S. state corporate laws, U.S. federal and state securities laws, the Code, the rules and regulations of any stock exchange or quotation system on which the Stock is listed
or quoted, and other similar laws. 
 (c) “Award” means, individually or collectively, a grant under the Plan of Options,
Stock Appreciation Rights, Performance Shares, Restricted Stock, and Restricted Stock Units. 
 (d) “Award Agreement” means
the written agreement setting forth the terms and provisions applicable to each Award granted under the Plan. The Award Agreement is subject to the terms and conditions of the Plan and shall include, among other things, the following information, if
applicable to the Award: (i) Exercise Price, (ii) number of shares of Stock or Stock equivalents, (iii) exercise schedule, (iv) vesting schedule, (v) restrictions, (vi) dates and conditions for lapse of restrictions,
and (vii) expiration dates. 
 (e) “Board” means the Board of Directors of the Company. 
 (f) “Cause” means any of the following that has a material adverse effect upon the Company or any Subsidiary: 
 (i) The Participant’s deliberate violation of any state or federal banking or securities law; or 
 (ii) The Participant’s deliberate violation of the Bylaws, rules, policies or resolutions of the Company; or 
 (iii) The Participant’s deliberate violation of the rules or regulations of the California Department of Financial Institutions, the
Federal Deposit Insurance 

 
Corporation, the Federal Reserve Board of Governors, the Office of the Comptroller of the Currency or any other regulatory agency or governmental authority
having jurisdiction over the Company or any Subsidiary; or 
 (iv) The Participant’s conviction of any felony; or

 (v) The Participant’s conviction of a crime involving moral turpitude, fraudulent conduct, or dishonest conduct.

 (g) “Change in Control” means the first to occur of any of the following events: 
 (i) Any “person” (as such term is used in sections 13 and 14(d)(2) of the Exchange Act), becomes the beneficial owner (as that
term is used in section 13(d) of the Exchange Act), directly or indirectly, of more than fifty percent (50%) of the capital stock of the Company entitled to vote in the election of Directors, other than a group of two or more persons not
(A) acting in concert for the purpose of acquiring, holding or disposing of such stock or (B) otherwise required to file any form or report with any governmental agency or regulatory authority having jurisdiction over the Company which
requires the reporting of any change in control. The acquisition of additional Stock by any person who immediately prior to such acquisition already is the beneficial owner of more than fifty percent (50%) of the Stock of the Company entitled
to vote in the election of Directors is not a Change in Control. 
 (ii) During any period of not more than twelve
(12) consecutive months during which the Company continues in existence, not including any period prior to the effective date of this Plan, individuals who, at the beginning of such period, constitute the Board, and any new Director (other than
a Director designated by a person who has entered into an agreement with the Company to effect a transaction described in clause (i), (iii) or (iv) of this subsection 2(g)) whose appointment to the Board or nomination for election to the
Board was approved by a vote of a majority of the Directors then still in office, either were Directors at the beginning of such period or whose appointment or nomination for election was previously so approved, cease for any reason to constitute at
least a majority of the Board. 
 (iii) The effective date of any consolidation or merger of the Company (after all requisite
shareholder, applicable regulatory and other approvals and consents have been obtained), other than (A) a consolidation or merger of the Company in which the holders of the voting capital stock of the Company immediately prior to the
consolidation or merger hold at least fifty percent (50%) of the voting capital stock of the surviving entity (or its parent entity) immediately after the consolidation or merger or (B) a consolidation or merger of the Company with one or
more other persons that are related to the Company immediately prior to the consolidation or merger. For purposes of this provision, persons are “related” if one of them owns, directly or indirectly, at least fifty percent (50%) of
the voting capital stock of the other or a third person owns, directly or indirectly, at least fifty percent (50%) of the voting capital stock of each of them. 
 (iv) The sale or transfer of substantially all of the Company’s assets, to one or more persons that are not related (as defined in
clause (iii) of this subsection 2(g)) to the Company immediately prior to the sale or transfer. 
 (h) “Code” means the
Internal Revenue Code of 1986, as amended. 
  

 2 

 (i) “Committee” means a committee or subcommittee of the Board, described in subsection
4(a), or in the absence of such a committee, the Board. 
 (j) “Company” means Greater Bay Bancorp, a California
corporation. 
 (k) “Consultant” means any individual or entity, other than an Employee, who provides services to the
Company or a Subsidiary in the capacity of an advisor or consultant. 
 (l) “Core Deposit Growth” means Deposit Growth
determined without regard to institutional and broker time deposits. 
 (m) “Core Loan Growth” means Loan Growth determined
without regard to purchased loans. 
 (n) “Deposit Growth” means the average of the increases in the Company’s total
deposits at the end of the four fiscal quarters of a Year as reported in the balance sheets included in the Company’s quarterly and annual reports on forms 10-Q and 10-K. 
 (o) “Director” means a member of the Board. 
 (p) “Disability” means a medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve
(12) months and which: 
 (i) renders the Participant unable to engage in any substantial gainful activity; or

 (ii) results in the Participant receiving income replacement benefits for a period of not less than three (3) months
under any policy of long-term disability insurance maintained by the Company for the benefit of its employees. 
 Disability shall be
interpreted in a manner consistent with Section 409A of the Code and shall be determined by the Committee in its sole discretion, after consideration of such evidence as it may require, including a report or reports of such physician or
physicians as the Committee may designate. 
 (q) “Domestic Relations Order” means a “domestic relations order” as
defined in Section 414(p)(1)(B) of the Code. 
 (r) “Earnings per Share” or “EPS” means Net Income Available
to Common Shareholders divided by the sum of the weighted average shares of Stock outstanding and Stock equivalent shares outstanding. 
 (s)
“Efficiency Ratio” means operating expenses divided by the sum of net interest income and non-interest income as such items are reported in the statement of operations included in the Company’s annual report on form 10-K.

 (t) “Employee” means any individual employed by the Company or by a Subsidiary and reflected as an employee on a payroll
of the Company or of a Subsidiary. 
 (u) “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

 

 3 

 (v) “Exercise Price” means the amount specified per share of Stock, at which Stock may
be purchased on exercise of an Option or above which payment is to be made on exercise of a Stock Appreciation Right, in each case as specified by the Committee in the applicable Award Agreement. 
 (w) “Fair Market Value” of the Stock on any given date under the Plan shall be determined as follows: 
 (i) If the Stock is at the time listed or admitted to trading on any national stock exchange, then the fair market value shall be the
closing selling price per share of the Stock on the date of determination on the stock exchange determined by the Committee to be the primary market for the Stock, as such price is officially quoted in the composite tape transactions on such
exchange. If there is no reported sale of the Stock on such exchange on the date of determination, then the fair market value shall be the closing price on the exchange on the last preceding date for which such quotation exists; 
 (ii) If the Stock is not at the time listed or admitted to trading on any national exchange but is traded on the NASDAQ National Market
System or the Nasdaq Capital Market, the fair market value shall be the closing selling price per share of the Stock on the date of determination, as such price is reported by the National Association of Securities Dealers, Inc. through the NASDAQ
National Market System or Nasdaq Capital Market, or through any respective successor system. If there is no reported closing selling price for the Stock on the date of determination, then the fair market value shall be the closing selling price on
the last preceding date for which such quotation exists; 
 (iii) If the Stock is at the time neither listed nor admitted to
trading on any stock exchange, the Nasdaq National Market System or the Nasdaq Capital Market, but is traded over-the-counter (including on the Over-the-Counter Bulletin Board), then the fair market value shall be the mean between the last reported
bid and asked prices quoted for such date by the principal automated inter-dealer quotation system on which such Stock is quoted or, if Stock is not quoted on any such system, by the “Pink Sheets” published by the National Quotation
Bureau, or through any successor system. If there is no reported bid or asked price for the Stock on the date of determination, then the fair market value shall be the mean between the last reported bid and asked prices on the last preceding date
for which such bid and asked prices exist; and 
 (iv) If the Stock is at the time neither listed nor admitted to trading on
any stock exchange, the Nasdaq National Market System, the Nasdaq Capital Market or over-the-counter, then the fair market value shall be determined by the Committee in good faith on such basis and taking into account such factors as the Committee
shall deem appropriate. 
 (x) “Freestanding SAR” means a SAR granted as an independent Award and not granted in connection
with an Option. 
 (y) “Grant Date” means, with respect to an Award, the date of the Committee action granting the Award or
such later date as is specified in the Award Agreement. 
 (z) “Grantee” means an individual who holds a Performance Share,
Restricted Stock, RSU, or Stock Appreciation Right Award. 
  

 4 

 (aa) “Incentive Stock Option” or “ISO” means an Option intended to qualify as
an “incentive stock option” within the meaning of Section 422 of the Code and the regulations promulgated thereunder. 
 (bb)
“Loan Growth” means the average of the increases in the Company’s total loans less allowance for loan losses at the end of the four fiscal quarters of a Year as reported in the balance sheets included in the Company’s
quarterly and annual reports on forms 10-Q and 10-K. 
 (cc) “Management Quality” means an assessment of quantitative items
established at the beginning of the Year such as classified assets as a percent of capital, loan losses, and net interest margin as well as a subjective assessment of qualitative items such as Sarbanes-Oxley compliance, earnings quality, and
management quality. 
 (dd) “Net Income” means the consolidated net income of the Company, as reported in the consolidated
financial statements of the Company included in the Company’s annual report on form 10-K, but which, at the determination of the Committee specified at the time the Performance Criteria and Performance Goals for Awards relative to a Performance
Period are established, may be adjusted to eliminate the effects of (i) income, gains and losses from discontinued operations, (ii) gains and losses from the sale or purchase of loans and securities, (iii) other extraordinary gains
and losses, (iv) any other unusual or non-recurring items of income, gain or loss that can be separately identified and quantified, or (v) or other revenue or expense that the Committee has determined is not performance attributable in
whole or in part. Notwithstanding the foregoing, in the event of a change in accounting principles affecting the Company or Net Income during a Performance Period, Net Income shall be determined without regard to such change unless otherwise
specified by the Committee at the time the Performance Criteria and Performance Goals for any Awards relative to such Performance Period are established. 
 (ee) “Net Income Available to Common Shareholders” means Net Income less preferred stock dividends. 
 (ff) “Net Operating Cash Flow” means “operating cash flow, net” as reported on the Company’s consolidated statement of cash flows included in the Company’s annual report on form
10-K. 
 (gg) “Non-Interest Income Growth” means an annual increase in total non-interest income as reported in the
statement of operations included in the Company’s annual report on form 10-K. 
 (hh) “Nonstatutory Option” means a
stock option not described in Section 422(b) or 423(b) of the Code. 
 (ii) “Option” means an ISO or Nonstatutory
Option granted under the Plan and entitling the holder to purchase shares of Stock. 
 (jj) “Optionee” means an individual
or entity that holds an Option. 
 (kk) “Other Incentive Plan” means any short-term or long-term bonus or other incentive
compensation plan offered by the Company or a Subsidiary, through which the Company or the Subsidiary may pay benefits in Awards or shares of Stock under this Plan, including but not 

  

 5 

 
limited to the Greater Bay Bancorp 2005 Executive Incentive Plan, the Greater Bay Bancorp 2005 Long Term Incentive Plan and the ABD Insurance and Financial
Services Long-Term Retention and Performance Plan. 
 (ll) “Outside Director” means a Director who is not an Employee and
who is an “outside director” within the meaning of Section 162(m) of the Code. 
 (mm) “Participant” means
the holder of an outstanding Award. 
 (nn) “Performance-Based Award” means an Award granted pursuant to Section 7, 8,
9, 10 or 11, but which is subject to the terms and conditions set forth in Section 12. All Performance-Based Awards are intended to qualify as Qualified Performance-Based Compensation. 
 (oo) “Performance Criteria” means the factor or factors utilized by the Committee in establishing the Performance Goals applicable to an
Award, from among the following measures: Deposit Growth, Core Deposit Growth, Earnings Per Share, Efficiency Ratio, Net Operating Cash Flow, Non-Interest Income Growth, Loan Growth, Core Loan Growth, Management Quality, Net Income, Net Income
Available to Common Shareholders, Return on Equity, Return on Common Equity, or Return on Assets. The Performance Criteria utilized may differ from Participant to Participant and from Award to Award. Any Performance Criteria used may be
(i) measured in absolute terms, (ii) measured in relative terms (including, but not limited to compared to another company or companies), (iii) measured against the performance of the Company as a whole or a segment of the Company,
and/or (iv) measured on a pre-tax or post-tax basis (if applicable). 
 (pp) “Performance Goals” means the goals
established in writing by the Committee for a Performance Period based upon Performance Criteria selected by the Committee. The Performance Goals may be expressed in terms of overall Company performance or the performance of a division, business
unit, or an individual. The Committee, in its discretion, may, within the time prescribed by Section 162(m) of the Code, adjust or modify the calculation of Performance Goals for a Performance Period in order to prevent the dilution or
enlargement of the rights of Participants (i) in the event of, or in anticipation of, any unusual or extraordinary corporate item, transaction, event, or development, or (ii) in recognition of, or in anticipation of, any other unusual or
nonrecurring events affecting the Company, or the financial statements of the Company, or in response to, or in anticipation of, changes in applicable laws, regulations, accounting principles, or business conditions. 
 (qq) “Performance Period” means the one or more periods of time, which may be of varying and overlapping durations, as the Committee may
select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to, and the payment of, a Performance-Based Award. 
 (rr) “Performance Shares” means an Award granted pursuant to Section 9, denominated in shares of Stock or the economic equivalent
of Stock, the amount of which at the time payable is determined based on the extent to which corresponding Performance Goals have been achieved. 
 (ss) “Plan” means this Greater Bay Bancorp Omnibus Equity Incentive Plan, as it may be amended from time to time. 
  

 6 

 (tt) “Qualified Performance-Based Compensation” means any compensation that is
“payable solely on account of the attainment of one or more performance goals” as described in and meeting the requirements of Section 162(m)(4)(C) of the Code. 
 (uu) “Restricted Stock” means an Award granted pursuant to Section 10 of shares of Stock subject to conditions or restrictions set
by the Committee. 
 (vv) “Restricted Stock Unit” or “RSU” means an Award granted pursuant to Section 11 to
receive Stock or the economic equivalent of Stock subject to conditions or restrictions set by the Committee, without the issuance of Stock at time of grant. 
 (ww) “Retirement” means, in the case of an Employee or Director, any Termination of Service occurring on or after age sixty-five (65), for any reason other than death or for Cause. With respect to a
Consultant, no Termination of Service shall be deemed to be on account of “Retirement.” 
 (xx) “Return on Assets”
means Net Income divided by the average of the total assets of the Company at the end of the four fiscal quarters of a Year, as reported by the Company in its consolidated financial statements included in the Company’s annual report on form
10-K; provided, however, that in the event of a change in accounting principles affecting the Company or Return on Assets during a Performance Period, Return on Assets shall be determined without regard to such change unless otherwise specified by
the Committee at the time the Performance Criteria and Performance Goals for any Awards relative to such Performance Period are established. 
 (yy) “Return on Common Equity” means Net Income to Common Shareholders divided by the average of the common shareholders equity of the Company at the end of each of the four fiscal quarters of a Year, as reported by the
Company in its consolidated financial statements included in the Company’s annual report on form 10-K; provided, however, that in the event of a change in accounting principles affecting the Company or Return on Common Equity during a
Performance Period, Return on Common Equity shall be determined without regard to such change unless otherwise specified by the Committee at the time the Performance Criteria and Performance Goals for any Awards relative to such Performance Period
are established. 
 (zz) “Return on Equity” means Net Income divided by the average of the common shareholders equity of the
Company at the end of each of the four fiscal quarters of a Year, as reported by the Company in its consolidated financial statements included in the Company’s annual report on form 10-K; provided, however, that in the event of a change in
accounting principles affecting the Company or Return on Equity during a Performance Period, Return on Equity shall be determined without regard to such change unless otherwise specified by the Committee at the time the Performance Criteria and
Performance Goals for any Awards relative to such Performance Period are established. 
 (aaa) “Stock” means the common
stock of the Company. 
 (bbb) “Stock Appreciation Right” or “SAR” means an Award granted pursuant to
Section 8 to receive the appreciation in the Fair Market Value of Stock following the Grant Date, which may be granted alone (as a Freestanding SAR) or in connection with a related Option (as either an Affiliated SAR or a Tandem SAR).

  

 7 

 (ccc) “Subsidiary” means any corporation in which the Company and/or one or more other
Subsidiaries own fifty percent (50%) or more of the total combined voting power of all classes of outstanding stock of such corporation. A corporation that attains the status of a Subsidiary on a date after the adoption of the Plan shall be
considered a Subsidiary commencing as of the date such status is attained. 
 (ddd) “Substitute Award” means an Award
described in Section 13. 
 (eee) “Tandem SAR” means a SAR granted in connection with a related Option such that the
exercise of the SAR requires the surrender of the related Option and the exercise of the related Option requires the surrender of the SAR. 
 (fff) “Termination of Service” means (i) in the case of an Employee, a cessation of the employee-employer relationship between the Employee and the Company or a Subsidiary for any reason, including, but not by way of
limitation, a termination by resignation, discharge, death, Disability, Retirement, or the disaffiliation of a Subsidiary from the Company, but excluding any such termination where there is a simultaneous commencement or continuation of status as a
Consultant or as a Director; (ii) in the case of a Consultant, a cessation of the service relationship between the Consultant and the Company or a Subsidiary for any reason, including, but not by way of limitation, a termination by resignation,
discharge, death, Disability, or the disaffiliation of a Subsidiary, but excluding any such termination where there is a simultaneous commencement or continuation of status as an Employee or as a Director; and (iii) in the case of a Director, a
cessation of the Director’s service on the Board for any reason, including, but not by way of limitation, a termination by resignation, death, Disability, Retirement or non-reelection to the Board, but excluding any such termination where there
is a simultaneous commencement or continuation of status as an Employee or as a Consultant. A transfer in employment or other service relationship from the Company to a Subsidiary or from a Subsidiary to the Company, or from one Subsidiary to
another shall not be considered a Termination of Service. 
 (ggg) “Year” means a fiscal year of the Company. 
 3. Stock Subject to Plan; Limitations. 
 (a)
Maximum Plan Shares. The maximum aggregate number of shares of Stock and Stock equivalents reserved and available for the grant of Awards under the Plan is six million (6,000,000) shares. No more than three million two hundred fifty
thousand (3,250,000) shares of such Stock and Stock equivalents shall be available for grant as Performance Shares, Restricted Stock, and Restricted Stock Units combined. For purposes of these limitations, the shares of Stock and Stock
equivalents underlying any Awards that expire unexercised or that are forfeited, canceled, reacquired by the Company at cost, satisfied without the issuance of Stock or payment of cash, or otherwise terminated (other than by exercise) shall be added
back to the shares of Stock and Stock equivalents available for grant under the Plan. The shares of Stock available for issuance under the Plan may be authorized but unissued shares of Stock or shares of Stock reacquired by the Company. 

(b) Individual Award Limitations. In addition to the overall limitations set forth in subsection 3(a) above, Awards granted to any one
Participant during any one calendar year period shall not exceed six hundred thousand (600,000) shares of Stock and Stock equivalents. However, in connection with a Participant’s initial service, the Participant may be granted Awards for
up to an additional one million two hundred thousand (1,200,000) shares of Stock and Stock equivalents, which shall not count against the per Participant limit set forth in the prior sentence. 
  

 8 

 (c) No Double Counting Tandem SARs. For purposes of the limitations set forth in subsections 3(a)
and (b), the shares of Stock and Stock equivalents subject to a Tandem SAR and its related Option shall be counted only once. 
 4. Administration.

 (a) Establishment of Committee. The Board shall have the authority to administer the Plan, but may delegate its administrative
powers under the Plan, in whole or in part, to a committee of the Board or to a subcommittee of any such committee of the Board. 
 (b)
Committee Procedures. The Board (or in absence of action by the Board, the Committee) shall designate one of the members of each Committee as chairman. Any such Committee may hold meetings at such times and places as its chairman or a
majority of the members of the Committee shall determine. The acts of a majority of the Committee members present at meetings at which a quorum exists, or acts reduced to or approved in writing by all Committee members, shall be valid acts of the
Committee. 
 (c) Section 162(m) Committee. Any Awards that are intended to be Qualified Performance-Based Compensation shall be
granted and, as it relates to such Awards, the Plan shall be administered by a Committee of two or more Outside Directors. 
 (d)
Rule 16b-3 Committee. Any Awards to Participants who are subject to Section 16 of the Exchange Act shall be granted and, as it relates to such Awards, the Plan shall be administered by a Committee of two or more members of the Board
who qualify as “Non-Employee Directors” as defined in Rule 16b-3 under the Exchange Act, and such Awards shall be structured to satisfy the requirements for exemption under Rule 16b-3 under the Exchange Act. 
 (e) Committee Responsibilities. Subject to the provisions of the Plan, the Committee shall have full authority and discretion to take the
following actions: 
 (i) To interpret the Plan and to apply its provisions; 
 (ii) To adopt, amend, or rescind rules, procedures, agreements and forms relating to the Plan; 
 (iii) To authorize any person to execute, on behalf of the Company, any instrument (including, but not limited to any Award Agreement)
required to carry out the purposes of the Plan; 
 (iv) To determine when Awards are to be granted under the Plan; 

(v) To select the Participants; 
 (vi) To determine the number of shares of Stock or Stock equivalents to be made subject to each Award; 
 (vii) To prescribe the terms and conditions of each Option and SAR on the Grant Date, including (without limitation) the Exercise Price, to determine whether each such 

  

 9 

 
Option is to be classified as an ISO or as a Nonstatutory Option, to determine whether each such SAR is to be settled in Stock or in cash, and to specify the
provisions of the Award Agreement relating to such Option or SAR; 
 (viii) To prescribe the terms and conditions of each
Performance Share, Restricted Stock and RSU on the Grant Date, including (without limitation) restrictions (if any), to specify whether each such Performance Share and RSU is to be settled in Stock or in cash and to specify the provisions of the
Award Agreement relating to such Performance Share, Restricted Stock or RSU Award; 
 (ix) To amend any outstanding Award
Agreement, subject to applicable legal restrictions, the provisions of this Plan and the terms and conditions of such Award Agreement; 
 (x) To prescribe the consideration for the grant of each Award under the Plan and to determine the sufficiency of such consideration; and 
 (xi) To take any other actions deemed necessary or advisable for the administration of the Plan. 
 (f) Indemnification. Each person who is or shall have been a member of the Committee, or of the Board, shall be indemnified and held harmless by
the Company, to the fullest extent permitted by law, against and from (i) any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by him or her in connection with or resulting from any claim, action, suit, or
proceeding to which he or she may be a party or in which he or she may be involved by reason of any action taken or failure to act under the Plan or any Award Agreement, and (ii) from any and all amounts paid by him or her in settlement
thereof, with the Company’s approval, or paid by him or her in satisfaction of any judgment in any such claim, action, suit, or proceeding against him or her, provided he or she shall give the Company an opportunity, at its own expense, to
handle and defend the same before he or she undertakes to handle and defend it on his or her own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled under
the Company’s Articles of Incorporation or Bylaws, by contract, as a matter of law, or otherwise, or under any power that the Company may have to indemnify them or hold them harmless. 
 5. Eligibility. 
 (a) General Rules.
Employees, Consultants and Directors shall be eligible for the grant of Awards as designated by the Committee. However, Consultants and Directors who are not also Employees shall not be eligible for the grant of ISOs. 
 (b) Ten-Percent Shareholders. An Employee who owns more than ten percent (10%) of the total combined voting power of all classes of
outstanding stock of the Company or any of its Subsidiaries shall not be eligible for the grant of an ISO unless: 
 (i) The
Exercise Price is at least one hundred ten percent (110%) of the Fair Market Value of a share of Stock on the Grant Date; and 
 (ii) Such ISO by its terms is not exercisable after the expiration of five (5) years from the Grant Date. 
  

 10 

 (c) Stock Ownership. For purposes of subsection 5(b) above, in determining an Employee’s
stock ownership, the attribution rules of Section 424(d) of the Code shall apply. For purposes of subsection 5(b) above, “outstanding stock” shall be determined under the rules pertaining to Section 422(b) of the Code and shall
include all Stock actually issued and outstanding immediately after the grant, including Restricted Stock, but shall not include shares of Stock authorized for issuance under any Option that has not been exercised. 
 6. Modifications and Restrictions. 
 (a)
Amendment, Modification, Extension and Renewal of Awards. Within the limitations of the Plan, and subject to Section 6(b) below, the Committee may amend, modify, extend or renew outstanding Awards or may cancel or accept the cancellation
of outstanding Awards in return for the grant of new Awards at the same or a different price. The foregoing notwithstanding, no amendment or modification of an Award shall, without the consent of the Participant, impair the Participant’s rights
or increase his or her obligations under such Award. A change in the tax consequences of an Award shall not be considered an impairment of rights or an increase in obligations under the Award. 
 (b) Restriction on Repricing of Options and SARs. No outstanding Option or SAR shall be amended to reduce its Exercise Price or cancelled and
replaced with a new Award (of the same type or of any different type) having a lower Exercise Price (or other purchase price) for any reason, without the prior approval of the Company’s shareholders entitled to vote at a meeting of
shareholders. 
 (c) No Reload Options or SARs. No Option or SAR shall provide for the automatic grant of replacement or reload
Options or SARs upon the Optionee or Grantee exercising the Option or SAR and paying the Exercise Price by tendering shares of Stock, net exercise or otherwise. 
 7. Options. 
 (a) Nature of Options. An Option is an Award entitling the Participant to purchase shares of Stock,
subject to vesting requirements, at the Exercise Price set on the Grant Date. Options granted under the Plan may be either ISOs or Nonstatutory Stock Options. However, notwithstanding any designation of an Option as an ISO, to the extent that the
aggregate Fair Market Value of the shares of Stock with respect to which the Option and any previously granted Options (and any other previously granted options to acquire Stock under all other plans of the Company) are exercisable for the first
time by the Optionee during any calendar year exceeds $100,000, the Option shall be treated as a Nonstatutory Option. 
 (b) Exercise
Price. The Exercise Price of an Option shall not be less than one hundred percent (100%) of the Fair Market Value of a share of Stock on the Grant Date, or such higher amount as is provided in subsection 5(b) with respect to specified ISOs.

 (c) Exercisability. The exercise schedule of each Option shall be determined by the Committee in its sole discretion and shall be
set forth in the Award Agreement; provided however, that in the event of the Optionee’s Termination of Service, the Option shall be exercisable only to the extent the Option was exercisable on the date of such Termination of Service, unless
otherwise specified in the Award Agreement. 
 (d) Term. The term of each Option shall not exceed seven (7) years from the Grant
Date. Subject to the preceding sentence, the Committee in its sole discretion shall determine and specify in the Award Agreement the date on which an Option is to expire. In the event of an Optionee’s Termination of Service: 
 (i) As a result of such Optionee’s death, Disability, or Retirement, the Option shall expire twelve (12) months (or such other
period specified in the Award Agreement) after such death, Disability, or Retirement, but not later than the original expiration date specified in the Award Agreement. 
  

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 (ii) By the Company for Cause, the Option shall expire immediately after the
Company’s notice or advice of such Termination of Service is dispatched to the Optionee, but not later than the original expiration date specified in the Award Agreement. 
 (iii) For any reason other than the Optionee’s death, Disability or Retirement or by the Company for Cause, the Option shall expire
ninety (90) calendar days (or such other period specified in the Award Agreement) after such Termination of Service, but not later than the original expiration date specified in the Award Agreement. 
 (e) No Rights as a Shareholder. An Optionee, or a transferee of an Optionee, shall have no rights as a shareholder with respect to any shares of
Stock covered by his or her Option until the issuance of a stock certificate for such shares of Stock. 
 8. Stock Appreciation Rights.

 (a) Nature of a SAR. A SAR is an Award entitling the Grantee to receive shares of Stock, cash, or a combination thereof, which
shall be determined by the Committee on the Grant Date and set forth in the Award Agreement, having a value equal to the excess of the Fair Market Value of a share of Stock on the date of exercise over the per share Exercise Price set by the
Committee on the Grant Date. The Committee may grant Affiliated SARs, Freestanding SARs, Tandem SARs, or any combination thereof. 
 (b)
Exercise Price. The Exercise Price of a Freestanding SAR shall be not less than one hundred percent (100%) of the Fair Market Value of a share of Stock on the Grant Date. The Exercise Price of a Tandem SAR or an Affiliated SAR shall
equal the Exercise Price of the related Option. 
 (c) Exercise of Tandem SARs. Tandem SARs may be exercised for all or part of the
shares of Stock subject to the related Option upon the surrender of the right to exercise the equivalent portion of the related Option. A Tandem SAR may be exercised only with respect to the shares of Stock for which its related Option is then
exercisable. With respect to a Tandem SAR granted in connection with an Incentive Stock Option: (a) the Tandem SAR shall expire no later than the expiration of the underlying Incentive Stock Option; (b) the amount of the payout with
respect to the Tandem SAR shall be no more than one hundred percent (100%) of the difference between the Exercise Price of the underlying Incentive Stock Option and the Fair Market Value of the shares of Stock subject to the underlying
Incentive Stock Option at the time the Tandem SAR is exercised; and (c) the Tandem SAR shall be exercisable only when the Fair Market Value of the shares of Stock subject to the Incentive Stock Option exceeds the Exercise Price of the Incentive
Stock Option. 
  

 12 

 (d) Exercise of Affiliated SARs. An Affiliated SAR shall be deemed to be exercised upon the
exercise of the related Option. The deemed exercise of an Affiliated SAR shall not necessitate a reduction in the number of shares of Stock subject to the related Option. 
 (e) Exercise of Freestanding SARs. Freestanding SARs shall be exercisable on such terms and conditions as the Committee, in its sole discretion, shall determine. 
 (f) Term. The term of each SAR shall not exceed seven (7) years from the Grant Date. Subject to the preceding sentence, the Committee in its
sole discretion shall determine and specify in the Award Agreement the date on which the SAR is to expire. In the event of a Participant’s Termination of Service: 
 (i) As a result of such Participant’s death, Disability, or Retirement, the SAR shall expire twelve (12) months (or such other
period specified in the Award Agreement) after such death, Disability, or Retirement, but not later than the original expiration date specified in the Award Agreement. 
 (ii) By the Company for Cause, the SAR shall expire immediately after the Company’s notice or advice of such Termination of Service
is dispatched to the Participant, but not later than the original expiration date specified in the Award Agreement. 
 (iii)
For any reason other than the Participant’s death, Disability or Retirement or by the Company for Cause, the Option shall expire ninety (90) calendar days (or such other period specified in the Award Agreement) after such Termination of
Service, but not later than the original expiration date specified in the Award Agreement. 
 (g) No Rights as a Shareholder. A
Participant, or a transferee of a Participant, shall have no rights as a shareholder with respect to any shares of Stock covered by his or her SAR until the issuance of a stock certificate for such shares of Stock. 
 9. Performance Shares. 
 (a) Nature of
Performance Shares. A Performance Share is an Award entitling the Grantee to receive a share of Stock or the economic equivalent of a share of Stock, which shall be determined by the Committee on the Grant Date and specified in the Award
Agreement, based on the achievement of predetermined Performance Goals over a Performance Period determined by the Committee and specified in the Award Agreement. 
 (b) Earning of Performance Shares. The Committee, on the Grant Date, shall specify the Performance Goals or other specific performance criteria, objectives, and conditions on which the right to receive the
shares of Stock or their economic equivalent underlying the Performance Shares shall vest. After the applicable Performance Period has ended, the Committee, in its sole discretion, shall determine to what extent, if at all, the Performance Goals
were achieved. The actual number of shares of Stock or the economic equivalent thereof, if any, that will be delivered to the Grantee of a Performance Share Award is determined by the Committee, in its sole discretion, at the end of the Performance
Period based upon the extent of achievement of the Performance Goals, not to exceed the number of such shares specified in the Award Agreement. 
  

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 (c) Termination of Service. In the event of the Grantee’s Termination of Service prior to the
end of the Performance Period for which a Performance Share Award has been granted: 
 (i) As a result of Grantee’s
death, Disability, or Retirement, then, except as otherwise specified in the Award Agreement, a pro rata portion of the Performance Shares shall be considered earned, with such pro rata portion based on the ratio of the number of days in the
Performance Period between the Grant Date and the date of Termination of Service to the total number of days in the Performance Period. In such event, the Grantee shall forfeit the right to earn the balance of such Performance Shares. 
 (ii) By the Company for Cause, or as a result of any other event not specified in subsection 9(c)(i) above (except a Change in Control
which is governed by Section 17), the Performance Share Award shall be forfeited immediately after the Company’s notice or advice of such Termination of Service for Cause is dispatched to Grantee or on the date of Termination of Service
for any other reason, except as otherwise specified in the Award Agreement. 
 (d) No Rights as a Shareholder. Stock or the economic
equivalent thereof underlying Performance Shares will not be issued or paid until the Performance Shares have been earned, pursuant to the Performance Goals or other specific performance criteria set by the Committee. A Participant, or a transferee
of a Participant, shall have no rights as a shareholder with respect to any shares of Stock covered by his or her Performance Shares until the issuance of a stock certificate for such shares of Stock. 
 10. Restricted Stock. 
 (a) Nature of a
Restricted Stock Award. A Restricted Stock Award is an Award of shares of Stock subject to such restrictions and conditions, at a purchase price, if any, and for such consideration, all as the Committee shall determine on the Grant Date. Such
Restricted Stock issuances may be based, at the discretion of the Committee, on continuing employment (or other business relationship) with the Company and its Subsidiaries and/or achievement of pre-established Performance Goals. 
 (b) Restrictions. The Committee shall determine at the time of grant, and shall specify in the Award Agreement, the restrictions on the Restricted
Stock and the date(s) on which the restrictions shall lapse or the Performance Goals that are to be met to cause such restrictions to lapse. The conditions for lapse of any restrictions, and whether such conditions have been met, shall be determined
by the Committee in its sole discretion. 
 (c) Escrow of Restricted Stock. Until all restrictions have lapsed or been removed, the
Secretary, or such other escrow holder as the Committee may appoint, shall retain custody of any certificates representing the Restricted Stock subject to the Award; provided, however, that in no event shall the Grantee retain physical custody of
any certificates representing shares of Restricted Stock awarded to him or her until all restrictions thereon have lapsed or been removed. 
 (d) Termination of Service. In the event of Grantee’s Termination of Service: 
 (i) As a result of
Grantee’s death, Disability, or Retirement, then, except as otherwise specified in the Award Agreement, the restrictions on the Restricted Stock subject to the Award shall lapse as to a pro rata portion of the shares of such Restricted 

  

 14 

 
Stock (net of any shares as to which the restrictions previously have lapsed), with such pro rata portion based on the ratio of the number of days between
the Grant Date and the date of Termination of Service to the number of days between the Grant Date and the date on which all such restrictions were scheduled to lapse under the Award Agreement. In such event, the Grantee shall forfeit the balance of
such Restricted Stock as to which the restrictions have not yet lapsed, and the Restricted Stock so forfeited shall be returned to the Company. 
 (ii) By the Company for Cause, or as a result of any other event not specified in subsection 10(d)(i) above (except a Change in Control which is governed by Section 17), the portion of the Restricted Stock Award
for which the restrictions have not lapsed as of the Termination of Service shall be forfeited immediately after the Company’s notice or advice of such Termination of Service for Cause is dispatched to Grantee or on the date of Termination of
Service for any other reason, except as otherwise specified in the Award Agreement. 
 (e) No Fractional Shares. In determining the
number of shares of Restricted Stock for which the restrictions have lapsed, fractional shares shall be rounded down to the nearest whole number, provided that such fractional shares shall be aggregated and earned at such time as all restrictions
lapse. 
 (f) Rights as Shareholder. Upon delivery of the Restricted Stock to the escrow holder or other action taken by the Committee
pursuant to subsection 10(c), the Grantee shall have all the rights of a shareholder of the Company with respect to the Restricted Stock, subject to the restrictions and the Award Agreement, including the right to vote the Restricted Stock and the
right to receive all dividends or other distributions paid or made with respect to the Restricted Stock; provided, however, that any additional shares of Restricted Stock to which Grantee shall be entitled as a result of stock dividends, stock
splits, or any other form of recapitalization in respect of shares of Stock subject to restrictions shall also be subject to the restrictions until the restrictions on the underlying shares of Stock lapse. 
 11. Restricted Stock Units. 
 (a) Nature of a
Restricted Stock Unit. A Restricted Stock Unit is an Award entitling the Grantee to receive shares of Stock or the cash equivalent of the shares of Stock at a future date, subject to restrictions and conditions. The Committee shall determine on
the Grant Date and shall specify in the Award Agreement for each Award of Restricted Stock Units whether the Award is to be settled in Stock or in cash and the consideration to be provided by the Grantee for such Award. Such Restricted Stock Unit
issuances may be based, at the discretion of the Committee, on continuing employment (or other business relationship) with the Company and its Subsidiaries and/or achievement of pre-established Performance Goals. 
 (b) Restrictions. The Committee shall determine at the time of grant, and shall specify in the Award Agreement, the restrictions on the Restricted
Stock Units and the date(s) on which the restrictions shall lapse or the Performance Goals that are to be met to cause such restrictions to lapse. The conditions for lapse of any restrictions, and whether such conditions have been met, shall be
determined by the Committee in its sole discretion. 
 (c) Form and Timing of Payment of Restricted Stock Units. Payment of Restricted
Stock Units will be made as soon as practicable after the lapse of the restrictions. 
  

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 (d) Termination of Service. In the event of Grantee’s Termination of Service: 
 (i) As a result of Grantee’s death, Disability, or Retirement, then, except as otherwise specified in the Award Agreement, the
restrictions on the shares of Stock or Stock equivalents subject to the Restricted Stock Units shall lapse as to a pro rata portion of such Restricted Stock Units (net of any shares as to which the restrictions previously have lapsed), with such pro
rata portion based on the ratio of the number of days between the Grant Date and the date of Termination of Service to the number of days between the Grant Date and the date on which all such restrictions were scheduled to lapse under the Award
Agreement. In such event, the Grantee shall forfeit the right to earn the balance of such Restricted Stock Units as to which the restrictions have not yet lapsed. 
 (ii) By the Company for Cause, or as a result of any other event not specified in subsection 11(d)(i) above (except a Change in Control
which is governed by Section 17), the portion of the Restricted Stock Units for which the restrictions have not lapsed as of the Termination of Service shall be forfeited immediately after the Company’s notice or advice of such Termination
of Service for Cause is dispatched to Grantee or on the date of Termination of Service for any other reason, except as otherwise specified in the Award Agreement. 
 12. Performance-based Awards. 
 (a) Nature of Performance-Based Awards. The purpose of this Section 12 is to
provide the Committee the ability to qualify Awards as Qualified Performance-Based Compensation. If the Committee, in its discretion, decides to grant a Performance-Based Award to an Employee, the provisions of this Section 12 shall control
over any contrary provision contained in Sections 7, 8, 9, 10, and 11; provided, however, that the Committee may in its discretion grant Awards to Employees that are based on Performance Criteria or Performance Goals but that do not satisfy the
requirements of this Section 12. 
 (b) Applicability. This Section 12 shall apply only to those Employees selected by the
Committee to receive Performance-Based Awards. The designation of an Employee as a Participant for a Performance Period shall not in any manner entitle the Participant to receive an Award. Moreover, designation of an Employee as a Participant for a
particular Performance Period shall not require designation of such Employee as a Participant in any subsequent Performance Period and designation of one Employee as a Participant shall not require designation of any other Employees as a Participant
in such period or in any other period. 
 (c) Procedures With Respect to Performance-Based Awards. To the extent necessary to comply
with the Qualified Performance-Based Compensation requirements of Section 162(m)(4)(C) of the Code, with respect to any Award which may be granted to one or more Employees, no later than ninety (90) calendar days following the commencement
of any Year in question or any other designated fiscal period or period of service (or such other time as may be required or permitted by Section 162(m) of the Code), the Committee shall, in writing, (i) designate one or more Employees,
(ii) select the Performance Criteria applicable to the Performance Period, (iii) establish the Performance Goals, and amounts of such Awards, as applicable, which may be earned for such Performance Period, and (iv) specify the
relationship between Performance Criteria and the Performance Goals and the amounts of such Awards, as applicable, to be earned by each Employee for such Performance Period. Following the completion of each Performance Period, the Committee, in its
sole discretion, shall determine whether the applicable Performance Goals have been achieved for such Performance Period and 

  

 16 

 
shall certify such determination in writing. In determining the amount earned by an Employee, the Committee shall have the right to reduce or eliminate (but
not to increase) the amount payable at a given level of performance to take into account additional factors that the Committee may deem relevant to the assessment of individual or corporate performance for the Performance Period. 
 (d) Payment of Performance-Based Awards. Unless otherwise provided in the applicable Award Agreement, a Participant must be employed by the
Company or a Subsidiary on the day a Performance-Based Award for such Performance Period is paid to the Participant. Furthermore, a Participant shall be eligible to receive payment pursuant to a Performance-Based Award for a Performance Period only
if the Performance Goals for such period are achieved. In determining the amount earned under a Performance-Based Award, the Committee may reduce or eliminate the amount of the Performance-Based Award earned for the Performance Period, if in its
sole discretion, such reduction or elimination is appropriate. 
 (e) Additional Limitations. Notwithstanding any other provision of
the Plan, any Award which is granted to an Employee and is intended to constitute Qualified Performance-Based Compensation shall be subject to any additional limitations set forth in Section 162(m) of the Code (including any amendment to
Section 162(m) of the Code) or any regulations or rulings issued thereunder that are requirements for qualification as Qualified Performance-Based Compensation under Section 162(m)(4)(C) of the Code, and the Plan shall be deemed amended to
the extent necessary to conform to such requirements. 
 13. Substitute Awards and Combined Awards. 
 (a) Substitute Awards. If the Company or a Subsidiary at any time should succeed to the business of another corporation or other entity through
merger or consolidation, or through the acquisition of stock (or other ownership interests) or assets of such other corporation or other entity, Awards may be granted under the Plan in substitution of awards previously granted by such other
corporation or other entity with respect to shares of its stock (or other ownership interests) which awards are outstanding at the date of the succession (“Surrendered Awards”). The Committee shall have discretion to determine the extent
to which such Substitute Awards shall be granted, the persons to receive such Substitute Awards, the number of shares of Stock or their economic equivalent to be subject to such Substitute Awards, and the terms, conditions and restrictions of such
Substitute Awards which shall, to the extent permissible within the terms and conditions of the Plan, be equivalent to the terms, conditions and restrictions of the Surrendered Awards. The Exercise Price of any Substitute Award that is an Option or
a SAR may be determined without regard to subsections 7(b) and 8(b); provided however, that the Exercise Price of each such Substitute Award shall be an amount such that, in the sole and absolute judgment of the Committee (and if the Substitute
Award is to be an ISO, in compliance with Section 424(a) of the Code), the economic benefit provided by such Substitute Award is not greater than the economic benefit represented by the Surrendered Award as of the date of the succession.

 (b) Combined Awards. The Company may provide for payment to an Employee, Director, or Consultant of an amount earned under an Other
Incentive Plan in the form of Stock or other Award under this Plan. In such case, the conditions and restrictions on the Award may be set under such Other Incentive Plan, which Award will be treated as a combined award under the Plan and the Other
Incentive Plan, and the shares of Stock and Stock equivalents provided under Section 3 of this Plan shall be available to satisfy any payment of shares of Stock or Stock equivalents required or permitted under the Other Incentive Plan award.

  

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 14. Non-transferability of Awards. 
 All Awards under the Plan shall be nontransferable and shall not be assignable, alienable, saleable, or otherwise transferable by the Participant other
than by will or the laws of descent and distribution or pursuant to a Domestic Relations Order. During the lifetime of a Participant, Options and SARs granted to him or her under the Plan shall be exercisable only by him or her except as otherwise
determined by the Committee and specified in the Award Agreement. Notwithstanding the forgoing and excluding ISOs, the Committee may provide in an Award Agreement that a Participant may transfer, without consideration for the transfer, such Award to
the Participant’s immediate family members, to trusts for the benefit of the Participant and such immediate family members, to partnerships in which the Participant and such immediate family members are the only partners, or to charitable
organizations, provided that transferee agrees in writing to be bound by all of the terms and conditions of the Plan and the applicable Award Agreement. 
 15. Payment for Shares of Stock. 
 (a) General Rule. The entire consideration for shares of Stock issued under
the Plan shall be payable in lawful money of the United States of America at the time when such shares of Stock are purchased, except as follows: 
 (i) Options. Payment of the Exercise Price of an Option shall be made pursuant to the express provisions of the applicable Award Agreement. However, the Committee (in its sole discretion) may specify in the
Award Agreement that payment may be made pursuant to subsections (b), (c), (d), or (e) below, or any combination thereof. 
 (ii) Performance Shares, Restricted Stock and RSU Awards. Payment (if any) for Performance Shares, Restricted Stock and RSUs shall be made pursuant to the express provisions of the applicable Award Agreement, as determined by the
Committee in its sole discretion. 
 (b) Surrender of Stock. To the extent that this subsection 15(b) is applicable, payment may
be made all or in part with shares of Stock which have already been owned by the Optionee or his or her representative for more than six (6) months and which are surrendered to the Company in good form for transfer. Such shares of Stock shall
be valued at their Fair Market Value on the date when the new shares of Stock are purchased under the Plan. 
 (c) Exercise/Sale
(“Cashless Exercise”). To the extent that this subsection 15(c) is applicable, payment may be made by the delivery of an irrevocable direction to a securities broker, acceptable to the Company, to sell shares of Stock and to
deliver all or part of the sales proceeds to the Company in payment of all or part of the Exercise Price of the Option. 
 (d)
Exercise/Pledge. To the extent that this subsection 15(d) is applicable, payment may be made by the delivery of an irrevocable direction to pledge shares of Stock, as security for a loan, to a securities broker or lender, acceptable to the
Company, and to deliver all or part of the loan proceeds to the Company in payment of all or part of the Exercise Price of the Option. 
 (e)
Net Share Exercise. To the extent that this subsection 15(e) is applicable, payment may be made by holding back from the shares of Stock to be issued upon exercise of an Option that number of shares of Stock having a Fair Market Value equal
to the minimum amount required to satisfy the Exercise Price (the Fair Market Value of the shares of Stock to be held back shall be determined on the date that the Option is exercised by the Optionee). 
  

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 16. Adjustment of Stock. 
 (a) General. In the event of a subdivision of the outstanding Stock; a declaration of a dividend payable in shares of Stock; a declaration of a dividend payable in a form other than shares of Stock in an amount
that has a material effect on the value of shares of Stock; a combination or consolidation of the outstanding Stock (by reclassification or otherwise) into a lesser number of shares of Stock; a recapitalization; a spinoff; a merger, consolidation,
or other reorganization involving the Company that would not constitute a Change in Control; or any similar occurrence, then proportionate adjustments shall be made to each of the following, in all cases without the consent of any Participant:

 (i) The maximum number of shares of Stock and Stock equivalents available under subsection 3(a) for future grants of Awards
and of specified types of Awards; 
 (ii) The limitations set forth in subsection 3(b); 
 (iii) The number and kind of shares of Stock or Stock equivalents (or other securities) covered by each outstanding Award; and 

(iv) The Exercise Price under each outstanding Option and SAR, but without changing the aggregate Exercise Price (i.e., the Exercise
Price multiplied by the number of shares of Stock subject to the Option or SAR) as to which such Option or SAR remain exercisable. 
 (b)
Reservation of Rights. Except as provided in this Section 16, a Participant shall have no rights by reason of any subdivision or consolidation of shares of stock of any class, the payment of any dividend or any other increase or decrease
in the number of shares of stock of any class. Any issue by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall not affect, and no adjustment by reason thereof shall be made with respect
to, the number or Exercise Price of shares of Stock subject to an Option or SAR and the number of or consideration for shares of Stock, subject to a Performance Share, Restricted Stock Award or RSU. The grant of an Option, SAR, Performance Share,
Restricted Stock Award, or RSU pursuant to the Plan shall not affect in any way the right or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure, to merge or consolidate or to
dissolve, liquidate, sell or transfer all or any part of its business or assets. 
 17. Change in Control; Reorganization 
 (a) Vesting on Change in Control. In the event of a Change in Control: 
 (i) All outstanding Options and SARs shall be fully vested and exercisable immediately prior to the Change in Control; and 
 (ii) All outstanding Awards shall be earned and vested in full, all restrictions on outstanding Restricted Stock and RSUs shall
immediately lapse, all Performance Goals and other vesting criteria for outstanding Performance Shares shall be deemed achieved at target levels, and all other conditions on outstanding Awards met, upon the occurrence of the Change in Control.

  

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 (b) Merger, Consolidation or Other Reorganization. In the event that the Company is a party to a
merger, consolidation, or other reorganization that would constitute a Change in Control, the agreement under which such merger, consolidation, or other reorganization is effected (“Merger Agreement”) may provide for any one or more of the
following (subject to the provisions of subsection 17(a)), which shall apply on a consistent basis to all similarly situated outstanding Awards (but may be applied differently for different types of awards or awards having differing
characteristics), in all cases without the consent of any Participant: 
 (i) The assumption of (or substitution of equivalent
awards for) outstanding Options, SARs, Performance Shares, Restricted Stock and RSUs by the surviving corporation or its parent (or for their continuation by the Company if the Company is a surviving corporation), in which case each Award shall be
equitably adjusted consistent with the consideration received for shares of Stock under the Merger Agreement in accordance with the principles set forth in subsection 16(a); 
 (ii) The cancellation of outstanding Options, SARs, Performance Shares, Restricted Stock, and RSUs upon payment of a cash amount for each
share of Stock or Stock equivalent under the Award (whether or not vested prior to the effective time of such merger, consolidation or other reorganization) equal to the positive difference (or if there is no positive difference, cancellation
without payment) between (A) the cash amount or Fair Market Value of other consideration to be paid for each share of Stock under the Merger Agreement and (B) the amount, if any, remaining to be paid for each share of Stock or Stock
equivalent under the Award Agreement or the Exercise Price of any Option or SAR; 
 (iii) The cancellation, without
consideration, of outstanding Options not exercised prior to the effective time of such merger, consolidation or other reorganization; provided that Participants are given reasonable notice in advance of the effective time of such merger,
consolidation or other reorganization that such Options are fully vested, may be exercised prior to such merger, consolidation or other reorganization, and will expire if not so exercised; and/or 
 (iv) The cancellation of outstanding Performance Shares, Restricted Stock, and RSUs upon payment or delivery of the per share of Stock
merger consideration under the Merger Agreement for each share of Stock or Stock equivalent under the Award (whether or not vested prior to the effective time of such merger, consolidation or other reorganization). 
 18. Withholding Taxes. 
 (a) Payment by
Participant; Deduction by Company. As a condition to the exercise of any Option, and no later than the date as of which the value of any other Award or of any Stock or other amounts received thereunder first becomes includable in the gross
income of the Participant for Federal, state, or local income tax purposes, the Participant shall pay to the Company, or make arrangements satisfactory to the Committee regarding payment of, any Federal, state, or local taxes of any kind required by
law to be withheld with respect to such income. The Company and its Subsidiaries shall have the right, to the extent permitted by law, to deduct any such taxes from any payment of any kind otherwise due to the Participant, including any payment or
release of cash or shares of Stock under the applicable Award or any other Award. 
  

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 (b) Payment in Stock. A Participant may elect to have such tax withholding obligation satisfied,
in whole or in part, by (i) authorizing the Company to withhold from shares of Stock to be issued pursuant to any Award a number of shares with an aggregate Fair Market Value (as of the date the withholding is effected) that would satisfy the
withholding amount due, or (ii) transferring to the Company shares of Stock owned by the Participant with an aggregate Fair Market Value (as of the date the withholding is effected) that would satisfy the withholding amount due. 
 19. Securities Laws. 
 Shares of Stock shall not
be issued under the Plan unless the issuance and delivery of such shares of Stock complies with (or is exempt from) all requirements of Applicable Laws, including (without limitation) the Securities Act of 1933, as amended, the rules and regulations
promulgated thereunder, state securities laws and regulations, and the regulations of any stock exchange on which the Company’s securities may then be listed. 
 20. No Retention Rights. 
 Neither the Plan nor any Award shall give any person any right to be or remain an Employee,
Director or Consultant of the Company or of any Subsidiary. The Company and its Subsidiaries reserve the right to terminate the service of any Employee, Director or Consultant at any time, with or without Cause, subject to applicable laws and
written agreements (if any). 
 21. Duration, Amendments, and Termination. 
 (a) Term of the Plan. The Plan shall terminate automatically on January 31, 2013, which is seven years after the Plan was adopted by the
Board. No Award of any type may be granted under the Plan after such date. The Plan may be terminated on any earlier date pursuant to subsection 21(b) below. 
 (b) Right to Amend or Terminate the Plan. The Board may amend, suspend, or terminate the Plan at any time and for any reason. An amendment of the Plan shall be subject to the approval of the Company’s
shareholders only to the extent provided herein or required by Applicable Laws. 
 (c) Effect of Plan Amendment or Termination. No
amendment, suspension, or termination of the Plan (including at the end of the term specified in subsection 21(a) above) shall impair the rights of any Participant with respect to any Award then outstanding, which shall continue in effect in
accordance with the terms of the Award Agreement (as it may be amended from time to time) and of this Plan on the Grant Date until its expiration or earlier termination as specified in the Award Agreement. The termination of the Plan shall not
affect the Committee’s rights or obligations with respect to the continued exercise of its powers under the Plan regarding Awards that are outstanding at the time of termination. 
 22. Miscellaneous. 
 (a) Investment Representations. As a condition to the receipt of an
Award or to the purchase or other receipt of shares of Stock pursuant to an Award, the Company may require the 

  

 21 

 
person receiving such Award or shares to represent and warrant that the Award or the shares of Stock being purchased or otherwise received are only for
investment and without any present intention to sell or distribute such Award or shares of Stock if, in the opinion of counsel for the Company, such a representation is required. 
 (b) Shareholder Approval. The Plan shall be subject to approval by the shareholders of the Company within twelve (12) months after the date
the Plan is adopted by the Board, and no Awards shall be granted under the Plan until such shareholder approval is obtained. Such shareholder approval shall be obtained in the manner and to the degree required under Applicable Laws. 
 (c) Nonexclusivity of the Plan. Neither the adoption of this Plan by the Board, the submission of this Plan to the shareholders of
the Company for approval, nor any provision of this Plan will be construed as creating any limitations on the power of the Board to adopt such additional compensation arrangements as it may deem desirable, including, without limitation, the granting
of stock options and bonuses otherwise than under this Plan, and such arrangements may be either generally applicable or applicable only in specific cases. 
 (d) Successors. All obligations of the Company under the Plan, with respect to Awards granted hereunder, shall be binding on any successor to the Company, whether the existence of such successor is the result
of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business or assets of the Company. 
 (e) Accounting Terms. Except as otherwise expressly provided or the context otherwise requires, financial and accounting terms are used as defined for purposes of, and shall be determined in accordance with, generally accepted
accounting principles, as from time to time in effect, as applied and included in the consolidated financial statements of the Company prepared in the ordinary course of business. 
 (f) Stock Certificates. Notwithstanding anything in the Plan to the contrary, to the extent the Plan provides for the issuance of stock
certificates to reflect the ownership of shares of Stock or Restricted Stock, the issuance may be effected on a non-certificated basis, to the extent not prohibited by Applicable Laws. 
 (g) Gender and Number. Except where otherwise indicated by the context, any masculine term used herein also shall include the feminine; the plural
shall include the singular and the singular shall include the plural. 
 (h) Severability. In the event any provision of the Plan
shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not been included. 
 (i) Governing Law. The Plan, the Award Agreements, and all actions taken thereunder shall be governed by, and construed in accordance with, the
laws of the State of California, without regard to such state’s or any other jurisdiction’s conflicts of law principles. 
  

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