Document:

2011 Equity Incentive Plan - Form of Restricted Stock Award Agreement

 Exhibit 10.15 
 Form of Award Agreement 
 FRANCESCA’S HOLDINGS CORPORATION 

2011 EQUITY INCENTIVE PLAN 

RESTRICTED STOCK AWARD AGREEMENT 
 THIS RESTRICTED STOCK AWARD AGREEMENT (this “Award Agreement”) is dated as of
[                    , 2011] (the “Award Date”) by and between Francesca’s Holdings Corporation, a
Delaware corporation (the “Corporation”), and [                    ] (the “Participant”).

 W I T N E S S E T H 
 WHEREAS, pursuant to the Francesca’s Holdings Corporation 2011 Equity Incentive Plan (the “Plan”), the Corporation hereby grants to the Participant, effective as of the date hereof, a
restricted stock award (the “Award”), upon the terms and conditions set forth herein and in the Plan. 
 NOW
THEREFORE, in consideration of services rendered and to be rendered by the Participant, and the mutual promises made herein and the mutual benefits to be derived therefrom, the parties agree as follows: 

1.     Defined Terms. Capitalized terms used herein and not otherwise defined herein shall have the
meaning assigned to such terms in the Plan. 
 2.    Grant. Subject to the terms of this Award
Agreement, the Corporation hereby grants to the Participant an Award with respect to an aggregate of [            ] restricted shares of Common Stock of the Corporation (the
“Restricted Stock”). 
 3.    Vesting. Subject to Section 8 below, the
Award shall vest, and restrictions (other than those set forth in Section 8.1 of the Plan) shall lapse, with respect to the total number of shares of Restricted Stock (subject to adjustment under Section 7.1 of the Plan) on the third
anniversary of the Award Date. The Board reserves the right to accelerate the vesting of the Restricted Stock in such circumstances as it, in its sole discretion, deems appropriate and any such acceleration shall be effective only when set forth in
a written instrument executed by an officer of the Corporation. 
 4.    Continuance of
Employment. The vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Award and the rights and benefits under this Award Agreement.
Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Participant to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of
employment or services as provided in Section 8 below or under the Plan. 
 Nothing contained in this Award Agreement or the Plan
constitutes an employment or service commitment by the Corporation, affects the Participant’s status as an employee at will who is subject to termination without cause, confers upon the Participant any right to remain employed by or in service
to the Corporation or any of its Subsidiaries, interferes in any way with the right of the Corporation or any of its Subsidiaries at any time to terminate such 

 
employment or services, or affects the right of the Corporation or any of its Subsidiaries to increase or decrease the Participant’s other compensation or benefits. Nothing in this
paragraph, however, is intended to adversely affect any independent contractual right of the Participant without his or her consent thereto. 
 5.    Dividend and Voting Rights. After the Award Date, the Participant shall be entitled to cash dividends with respect to the shares of Restricted Stock subject to the
Award even though such shares are not vested but shall not be entitled to voting rights with respect to the shares of Restricted Stock, provided that such rights to cash dividends shall terminate immediately as to any shares of Restricted Stock that
are forfeited pursuant to Section 8 below. 
 6.    Restrictions on Transfer. Prior to the
time that they have become vested pursuant to Section 3 hereof or Section 7 of the Plan, neither the Restricted Stock, nor any interest therein, amount payable in respect thereof, or Restricted Property (as defined in Section 9
hereof) may be sold, assigned, transferred, pledged or otherwise disposed of, alienated or encumbered, either voluntarily or involuntarily. The transfer restrictions in the preceding sentence shall not apply to (a) transfers to the Corporation,
or (b) transfers by will or the laws of descent and distribution. 
 7.    Stock
Certificates. 
 (a)    Book Entry Form. The Corporation shall issue the shares of Restricted Stock
subject to the Award either: (a) in certificate form as provided in Section 7(b) below; or (b) in book entry form, registered in the name of the Participant with notations regarding the applicable restrictions on transfer imposed
under this Award Agreement. 
 (b)    Certificates to be Held by Corporation; Legend. Any certificates
representing shares of Restricted Stock that may be delivered to the Participant by the Corporation prior to vesting shall be redelivered to the Corporation to be held by the Corporation until the restrictions on such shares shall have lapsed and
the shares shall thereby have become vested or the shares represented thereby have been forfeited hereunder. Such certificates shall bear the following legend and any other legends the Corporation may determine to be necessary or advisable to comply
with all applicable laws, rules, and regulations: 
 “The ownership of this certificate and the shares of stock evidenced hereby
and any interest therein are subject to substantial restrictions on transfer under an Agreement entered into between the registered owner and Francesca’s Holdings Corporation. A copy of such Agreement is on file in the office of the Secretary
of Francesca’s Holdings Corporation.” 
 (c)    Delivery of Certificates Upon Vesting. Promptly
after the vesting of any shares of Restricted Stock pursuant to Section 3 hereof or Section 7 of the Plan and the satisfaction of any and all related tax withholding obligations pursuant to Section 10, the Corporation shall, as
applicable, either remove the notations on any shares of Restricted Stock issued in book entry form which have vested or deliver to the Participant a certificate or certificates evidencing the number of shares of Restricted Stock which have vested
(or, in either case, such lesser number of shares as may result after giving effect to Section 10). The Participant (or the beneficiary or personal representative of the Participant in the event of the

  
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Participant’s death or disability, as the case may be) shall deliver to the Corporation any representations or other documents or assurances as the Corporation or its counsel may determine
to be necessary or advisable in order to ensure compliance with all applicable laws, rules, and regulations with respect to the grant of the Award and the delivery of shares of Common Stock in respect thereof. The shares so delivered shall no longer
be restricted shares hereunder. 
 (d)    Stock Power; Power of Attorney. Concurrently with the execution and
delivery of this Award Agreement, the Participant shall deliver to the Corporation an executed stock power in the form attached hereto as Exhibit A, in blank, with respect to such shares. The Corporation shall not deliver any share
certificates in accordance with this Award Agreement unless and until the Corporation shall have received such stock power executed by the Participant. The Participant, by acceptance of the Award, shall be deemed to appoint, and does so appoint by
execution of this Award Agreement, the Corporation and each of its authorized representatives as the Participant’s attorney(s)-in-fact to effect any transfer of unvested forfeited shares (or shares otherwise reacquired by the Corporation
hereunder) to the Corporation as may be required pursuant to the Plan or this Award Agreement and to execute such documents as the Corporation or such representatives deem necessary or advisable in connection with any such transfer. 

8.    Effect of Termination of Employment or Services. If the Participant ceases to be employed by or
ceases to provide services to the Corporation or a Subsidiary (the date of such termination of employment or service is referred to as the Participant’s “Severance Date”), the Participant’s shares of Restricted Stock (and
related Restricted Property as defined in Section 9 hereof) shall be forfeited to the Corporation to the extent such shares have not become vested pursuant to Section 3 hereof or Section 7 of the Plan upon the Severance Date
(regardless of the reason for such termination of employment or service, whether with or without cause, voluntarily or involuntarily, or due to death or disability). Upon the occurrence of any forfeiture of shares of Restricted Stock hereunder, such
unvested, forfeited shares and related Restricted Property shall be automatically transferred to the Corporation as of the Severance Date, without any other action by the Participant (or the Participant’s beneficiary or personal representative
in the event of the Participant’s death or disability, as applicable). No consideration shall be paid by the Corporation with respect to such transfer. The Corporation may exercise its powers under Section 7(d) hereof and take any other
action necessary or advisable to evidence such transfer. The Participant (or the Participant’s beneficiary or personal representative in the event of the Participant’s death or disability, as applicable) shall deliver any additional
documents of transfer that the Corporation may request to confirm the transfer of such unvested, forfeited shares and related Restricted Property to the Corporation. 
 9.    Adjustments Upon Specified Events. Upon the occurrence of certain events relating to the Corporation’s stock contemplated by Section 7.1 of the Plan, the
Administrator shall make adjustments in accordance with such section in the number and kind of securities that may become vested under the Award. If any adjustment shall be made under Section 7.1 of the Plan or an event described in
Section 7.2 of the Plan shall occur and the shares of Restricted Stock are not fully vested upon such event or prior thereto, the restrictions applicable to such shares of Restricted Stock shall continue in effect with respect to any
consideration, property or other securities (the “Restricted Property” and, for the purposes of this Award Agreement, 

  
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“Restricted Stock” shall include “Restricted Property”, unless the context otherwise requires) received in respect of such Restricted Stock. Such Restricted Property shall
vest at such times and in such proportion as the shares of Restricted Stock to which the Restricted Property is attributable vest, or would have vested pursuant to the terms hereof if such shares of Restricted Stock had remained outstanding. To the
extent that the Restricted Property includes any cash (other than regular cash dividends), such cash shall be invested, pursuant to policies established by the Administrator, in interest bearing, FDIC-insured (subject to applicable insurance limits)
deposits of a depository institution selected by the Administrator, the earnings on which shall be added to and become a part of the Restricted Property. 
 10.    Tax Withholding. Subject to Section 8.1 of the Plan, upon any vesting of the Restricted Stock, the Corporation shall automatically withhold and reacquire the
appropriate number of whole shares of Restricted Stock, valued at their then fair market value (with the “fair market value” of such shares determined in accordance with the applicable provisions of the Plan), to satisfy any withholding
obligations of the Corporation or its Subsidiaries with respect to such vesting at the minimum applicable withholding rates. In the event that the Corporation cannot satisfy such withholding obligations by withholding and reacquiring shares of
Restricted Stock, or in the event that the Participant makes or has made an election pursuant to Section 83(b) of the Code or the occurrence of any other withholding event with respect to the Award, the Corporation (or a Subsidiary) shall be
entitled to require a cash payment by or on behalf of the Participant and/or to deduct from other compensation payable to the Participant any sums required by federal, state or local tax law to be withheld with respect to such vesting of any
Restricted Stock or such Section 83(b) election. 
 11.    Notices. Any notice to be given
under the terms of this Award Agreement shall be in writing and addressed to the Corporation at its principal office to the attention of the Secretary, and to the Participant at the Participant’s last address reflected on the Corporation’s
payroll records. Any notice shall be delivered in person or shall be enclosed in a properly sealed envelope, addressed as aforesaid, registered or certified, and deposited (postage and registry or certification fee prepaid) in a post office or
branch post office regularly maintained by the United States Government. Any such notice shall be given only when received, but if the Participant is no longer an Eligible Person, shall be deemed to have been duly given five business days after the
date mailed in accordance with the foregoing provisions of this Section 11. 
 12.    Plan.
The Award and all rights of the Participant under this Award Agreement are subject to the terms and conditions of the provisions of the Plan, incorporated herein by reference. The Participant agrees to be bound by the terms of the Plan and this
Award Agreement. The Participant acknowledges having read and understanding the Plan, the Prospectus for the Plan, and this Award Agreement. Unless otherwise expressly provided in other sections of this Award Agreement, provisions of the Plan that
confer discretionary authority on the Board or the Administrator do not (and shall not be deemed to) create any rights in the Participant unless such rights are expressly set forth herein or are otherwise in the sole discretion of the Board or the
Administrator so conferred by appropriate action of the Board or the Administrator under the Plan after the date hereof. 

13.    Entire Agreement. This Award Agreement and the Plan together constitute the entire agreement and
supersede all prior understandings and agreements, written or oral, of the 

  
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parties hereto with respect to the subject matter hereof. The Plan may be amended pursuant to Section 8.6 of the Plan. This Award Agreement may be amended by the Board from time to time. Any
such amendment must be in writing and signed by the Corporation. Any such amendment that materially and adversely affects the Participant’s rights under this Award Agreement requires the consent of the Participant in order to be effective with
respect to the Award. The Corporation may, however, unilaterally waive any provision hereof in writing to the extent such waiver does not adversely affect the interests of the Participant hereunder, but no such waiver shall operate as or be
construed to be a subsequent waiver of the same provision or a waiver of any other provision hereof. 

14.    Counterparts. This Award Agreement may be executed simultaneously in any number of counterparts,
each of which shall be deemed an original but all of which together shall constitute one and the same instrument. 

15.    Section Headings. The section headings of this Award Agreement are for convenience of reference
only and shall not be deemed to alter or affect any provision hereof. 
 16.    Governing Law.
This Award Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Delaware without regard to conflict of law principles thereunder. 

17.    Clawback Policy. The Restricted Stock is subject to the terms of the Corporation’s recoupment,
clawback or similar policy as it may be in effect from time to time, as well as any similar provisions of applicable law, any of which could in certain circumstances require repayment or forfeiture of the Restricted Stock or other cash or property
received with respect to the Restricted Stock (including any value received from a disposition of the Restricted Stock). 

18.    Waiver of Jury Trial. 
 EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM AGAINST OUT OF OR RELATING TO THE PLAN OR THIS RESTRICTED STOCK AWARD AGREEMENT (INCLUDING THESE
TERMS). 
 [Remainder of page intentionally left blank] 

  
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 IN WITNESS WHEREOF, the Corporation has caused this Award Agreement to be executed on its
behalf by a duly authorized officer and the Participant has hereunto set his or her hand as of the date and year first above written. 
 FRANCESCA’S HOLDINGS CORPORATION, 
 a Delaware corporation

By:                    
                                         
                                         
                                   

Print Name:                  
                                         
                                         
                   

Its:                    
                                         
                                         
                                   

 
 PARTICIPANT 

                     
                                         
                                         
                                        

 Signature 
                                    
                                         
                                         
                           

Print Name 

  
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 CONSENT OF SPOUSE 
 In consideration of the execution of the foregoing Restricted Stock Award Agreement by Francesca’s Holdings Corporation, I,
                                    , the spouse of the
Participant therein named, do hereby join with my spouse in executing the foregoing Restricted Stock Award Agreement and do hereby agree to be bound by all of the terms and provisions thereof and of the Plan. 

 

	
	 Dated:
                                         
       , 20        

  
  

 

	
	 Signature of Spouse

 
  

	 Print Name

  
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 EXHIBIT A 
 STOCK POWER 
 FOR VALUE RECEIVED and pursuant to that certain Restricted Stock Award
Agreement between Francesca’s Holdings Corporation, a Delaware corporation (the “Corporation”), and the individual named below (the “Individual”) dated as of
                    , 2011, the Individual, hereby sells, assigns and transfers to the Corporation, an aggregate
                             shares of Common Stock of the Corporation, standing in the
Individual’s name on the books of the Corporation and represented by stock certificate number(s)
                                         
    to which this instrument is attached, and hereby irrevocably constitutes and appoints
                                         
    as his or her attorney in fact and agent to transfer such shares on the books of the Corporation, with full power of substitution in the premises. 

Dated
                                    ,
             
  

	
	 Signature

 
  

	 Print Name

 (Instruction: Please do not fill in any blanks other than the signature line. The purpose of the assignment is to enable
the Corporation to exercise its sale/purchase option set forth in the Restricted Stock Award Agreement without requiring additional signatures on the part of the Individual.) 

  
 82011 Executive Bonus Plan

 Exhibit 10.16 
 Francesca’s Holdings Corporation 
 EXECUTIVE BONUS PLAN 

 

	1.	Purpose. 

 The purpose of this
Francesca’s Holdings Corporation Executive Bonus Plan (this “Bonus Plan”) is to promote the success of Francesca’s Holdings Corporation, a Delaware corporation, (the “Corporation”) by (i) compensating
and rewarding participating executives (each, a “Participant”) with bonuses for the achievement of pre-established performance goals and (ii) motivating such executives by giving them opportunities to receive bonuses directly
related to such performance. For Participants who are expected to be impacted by the deductibility limits of Section 162(m) (“Section 162(m)”) of the United States Internal Revenue Code of 1986, as amended (the
“Code”) (each, a “Section 162(m) Officer”), this Bonus Plan is intended to provide bonuses that qualify as performance-based compensation within the meaning of Section 162(m). With respect to
Section 162(m) Officers, this Bonus Plan is adopted under Section 5.2 of the Corporation’s 2011 Equity Incentive Plan (the “Plan”), and bonuses payable under this Bonus Plan to such Section 162(m) Officers shall
be subject to all of the terms and conditions of the Plan applicable to Performance-Based Awards. Capitalized terms are defined in the Plan if not defined herein. 
  

	2.	Administration of the Plan. 

  

	 	2.1	Authority of the Committee. This Bonus Plan shall be administered by the Compensation Committee of the Board (the “Committee”), which shall consist solely
of two or more members of the Board who are “outside directors” within the meaning of Section 162(m). Action of the Committee with respect to the administration of this Bonus Plan shall be taken pursuant to a majority vote or by the
unanimous written consent of its members. The Committee shall have the authority to construe and interpret this Bonus Plan and any agreements or other document relating to awards under this Bonus Plan (each, an “Award”), and may adopt
rules and regulations relating to the administration of this Bonus Plan as specified in the Plan. 

  

	 	2.2	Effect of Determination. Any determinations made by the Committee, including, without limitation, determinations with respect to attainment of Performance Goals and
Bonus amount, shall be binding, final and conclusive on each Participant. 

  

	3.	Awards. 

  

	 	3.1	Award Grants. Each Participant will be granted an Award under this Bonus Plan. Each Award granted to a Participant represents the opportunity to receive a payment
for the Corporation’s relevant fiscal year (the “Performance Period”) determined under the terms and conditions of this Bonus Plan (a “Bonus”). The Committee shall establish (i) the target amount of each
Participant’s Bonus and (ii) the applicable performance goals for such Performance Period (the “Performance Goals”) during the first ninety (90) days of the Performance Period, although the target Bonus amount for
Participants selected to participate in this Bonus Plan after this period may be established at a later date. 

	 	3.2	Performance Goals. The actual amount of the Bonus paid to each Participant for the Performance Period will be calculated based on the Participant’s
achievement of the Performance Goals established by the Committee pursuant to Section 3.1 above for the applicable Performance Period. In the case of Section 162(m) Officers, such Performance Goals shall be limited to those included in
Section 5.2.2 of the Plan. 

  

	 	3.3	Maximum Bonus Amounts. In no case shall the amount of any Bonus paid to a Section 162(m) Officer exceed the applicable limit set forth in
Section 5.2.3 of the Plan. 

  

	 	3.4	Determination of Performance. The determination as to whether the Corporation has attained the Performance Goals with respect to the Performance Period shall
be made by the Committee acting in good faith. 

  

	 	3.5	Negative Discretion. Notwithstanding the foregoing provisions, the Committee retains discretion to reduce (but not increase) the Bonus otherwise payable to any one
or more Section 162(m) Officers pursuant to Section 3.1. The Committee may exercise such discretion on any basis it deems appropriate (including, but not limited to, its assessment of the Corporation’s performance relative to its
operating or strategic goals for the Performance Period and/or the Section 162(m) Officer’s individual performance for such period). For purposes of clarity, if the Committee exercises its discretion to reduce the amount of any Bonus
payable hereunder, it shall not allocate the amount of such reduction to Bonuses payable to other Section 162(m) Officers. 

  

	4.	Newly Hired Participants. If any Participant is selected to participate in this Bonus Plan after the first quarter of the Performance Period has elapsed, the Committee
shall have the discretion to make appropriate pro-rata adjustments to the target amount of the Participant’s Bonus and to any of the other terms and conditions of this Bonus Plan as they relate to such newly hired Participant.

  

	5.	Committee Determination and Certification. As soon as practicable after the end of the Performance Period, the Committee shall determine whether the Corporation has
attained the Performance Goals with respect to the Performance Period. At this time, the Committee shall also determine the amount of each Participant’s Bonus payable pursuant to this Bonus Plan. No Bonus shall be paid to a Section 162(m)
Officer unless and until the Committee has certified, by resolution or other appropriate action in writing, (1) that the Performance Goals have been achieved, (2) the amount of the Bonus earned by each Section 162(m) Officer and
(3) that any other material terms previously established by the Committee or set forth in this Bonus Plan applicable to the Bonus were in fact satisfied. 

 

	6.	Payment of Bonuses. Any Bonuses shall be paid (subject to tax withholding pursuant to Section 10.6) as soon as practicable following the Committee’s
determination of the final Bonus amount (after giving effect to any exercise of its discretion to reduce Bonuses pursuant to Section 3.5) and, for Section 162(m) Officers, certification of the Committee’s findings under
Section 5, but in no event later than 74 calendar days following the end of the Performance Period. 

  
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	7.	Termination of Employment. In the event that a Participant’s employment with the Corporation and its Subsidiaries terminates (regardless of the reason for such
termination of employment, whether voluntarily or involuntarily, with or without cause, or due to the Participant’s death or disability) at any time during the Performance Period applicable to an Award, such Award shall immediately terminate
upon such termination of employment, and the Participant shall not be entitled to any Bonus payment in respect of such Award, unless otherwise expressly provided under a written contract with the Corporation. 

 

	8.	Adjustments. The Committee shall adjust the performance measures, performance goals, relative weights of the measures, and other provisions of then-outstanding Awards
under this Bonus Plan to the extent (if any) it determines that the adjustment is necessary or advisable to preserve the intended incentives and benefits to reflect (1) any material change in corporate capitalization, any material corporate
transaction (such as a reorganization, combination, separation, merger, acquisition, or any combination of the foregoing), or any complete or partial liquidation of the Corporation, (2) any change in accounting policies or practices,
(3) the effects of any special charges to the Corporation’s earnings, or (4) any other similar special circumstances. Notwithstanding any other provision herein, each Award shall be subject to termination in connection with a Change
in Control Event or certain similar reorganization events as provided in Section 7.2 of the Plan. 

  

	9.	Recoupment of Bonus Payments. Any Bonuses becoming payable pursuant to this Bonus Plan shall be subject to the terms of the Corporation’s recoupment, clawback or
similar policy as it may be in effect from time to time, as well as any similar provisions of applicable law, any of which could in certain circumstances require repayment or forfeiture of the Bonuses. 

 

	10.	General Provisions. 

  

	 	10.1	Rights of Participants. 

  

	 	(a)	No Right to Awards or Continued Employment. Nothing contained in this Bonus Plan (or in any other documents under this Bonus Plan or in any Award) shall confer upon any
Participant any right to continue in the employ or other service of the Corporation or one of its Subsidiaries, constitute any contract or agreement of employment or other service or affect an employee’s status as an employee at will, nor shall
interfere in any way with the right of the Corporation or one of its Subsidiaries to change a person’s compensation or other benefits, or to terminate his or her employment or other service, with or without cause. Nothing in this
Section 10.1(a), however, is intended to adversely affect any express independent right of such person under a separate employment or service contract other than an award agreement. 

 

	 	(b)	 Plan Not Funded. Awards payable under this Bonus Plan shall be payable from the general assets of the Corporation, and no special or separate reserve,
fund or deposit shall be made to assure payment of such awards. No Participant, beneficiary or other person shall have any right, title or interest in any fund or in any specific asset of the Corporation or one of its Subsidiaries by reason of any
award hereunder. Neither the provisions of this Bonus Plan (or of any related 

  
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documents), nor the creation or adoption of this Bonus Plan, nor any action taken pursuant to the provisions of this Bonus Plan shall create, or be construed to create, a trust of any kind or a
fiduciary relationship between the Corporation or one of its Subsidiaries and any Participant, beneficiary or other person. To the extent that a Participant, beneficiary or other person acquires a right to receive payment pursuant to any Award, such
right shall be no greater than the right of any unsecured general creditor of the Corporation. 

  

	 	10.2	Non-Transferability of Benefits and Interests. Except as expressly provided by the Committee in accordance with the provisions of Section 162(m), all Awards
are non-transferable, and no benefit payable under this Bonus Plan shall be subject in any manner to sale, transfer, anticipation, alienation, assignment, pledge, encumbrance or charge. This Section 10.2 shall not apply to an assignment of a
contingency or payment due (a) after the death of a Participant to the deceased Participant’s legal representative or beneficiary or (b) after the disability of a Participant to the disabled Participant’s personal representative.

  

	 	10.3	Force and Effect. The various provisions herein are severable in their entirety. Any determination of invalidity or unenforceability of any one provision
will have no effect on the continuing force and effect of the remaining provisions. 

  

	 	10.4	Governing Law. This Bonus Plan will be construed under the laws of the State of Delaware. 

 

	 	10.5	Construction. 

  

	 	(a)	Section 162(m). It is the intent of the Corporation that this Bonus Plan, Awards, and Bonuses paid hereunder will qualify as performance-based compensation or will
otherwise be exempt from deductibility limitations under Section 162(m). Any provision, application or interpretation of this Bonus Plan inconsistent with this intent to satisfy the standards in Section 162(m) shall be disregarded.

  

	 	(b)	Section 409A. It is intended that Awards granted and Bonuses paid under this Bonus Plan qualify as “short-term deferrals” within the meaning of the guidance
provided by the Internal Revenue Service under Section 409A of the Code and this Bonus Plan shall be interpreted consistent with that intent. 

  

	 	10.6	Tax Withholding. Upon the payment of any Bonus, the Corporation shall have the right to deduct the amount of any federal, state or local taxes that the Corporation
or any Subsidiary may be required to withhold with respect to such payment. 

  

	 	10.7	Amendments, Suspension or Termination of Plan. The Board or the Committee may at any time terminate, amend, modify or suspend this Bonus Plan, in whole or in
part, in each case, without the consent of Participants. Notwithstanding the foregoing, no amendment may be effective without Board and/or stockholder approval if such approval is necessary to comply with the applicable rules of Section 162(m)
and no amendment shall be effective that would violate Section 162(m). 

  
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	 	10.8	Effective Date. This Bonus Plan is effective as of [            ], 2011.

  

	 	10.9	Captions. Captions and headings are given to the sections and subsections of this Bonus Plan solely as a convenience to facilitate reference. Such headings shall
not be deemed in any way material or relevant to the construction or interpretation of this Bonus Plan or any provision thereof. 

  

	 	10.10	Non-Exclusivity of Plan. Subject to compliance with Section 162(m), nothing in this Bonus Plan shall limit or be deemed to limit the authority of the Board or
the Committee to grant awards or authorize any other compensation under any other plan or authority. 

  
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