Document:

Benefits Protection Trust Agreement

 Exhibit (10)(h) 
 POTLATCH CORPORATION 
 BENEFITS PROTECTION TRUST AGREEMENT 
 As Amended and Restated Effective September 16, 2006 

 POTLATCH CORPORATION 
 BENEFITS PROTECTION TRUST AGREEMENT 
 TABLE OF CONTENTS 
  

					
	SECTION 1.	  	Definitions	  	1
			
	SECTION 2.	  	Creation of Trust; Contributions	  	5
			
	SECTION 3.	  	Payments from the Trust	  	6
			
	SECTION 4.	  	Management of Trust Assets	  	9
			
	SECTION 5.	  	Powers of Trustee	  	10
			
	SECTION 6.	  	Taxes, Expenses and Compensation of Trustee	  	12
			
	SECTION 7.	  	Records And Accounting	  	13
			
	SECTION 8.	  	Indemnification	  	13
			
	SECTION 9.	  	Administration of the Plans; Communications	  	13
			
	SECTION 10.	  	Resignation or Removal of Trustee	  	14
			
	SECTION 11.	  	Amendment of Agreement; Termination of Trust	  	15
			
	SECTION 12.	  	Governing Law; Severability	  	16

  

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 POTLATCH CORPORATION 
 BENEFITS PROTECTION TRUST AGREEMENT 
 As Amended and Restated Effective September 16, 2006 

This amended and restated Trust Agreement, originally made as of the first day of January, 1990, by and between POTLATCH CORPORATION, a Delaware
corporation (the “Corporation”) and U.S. Bank National Association (formerly First Trust National Association) (the “Trustee”), and amended and restated to read as follows effective September 16, 2006. 
 WITNESSETH: 
 Whereas the Corporation
has adopted the nonqualified plans, programs and policies and has entered into the contracts listed on Schedule 1 (collectively, the “Plans”) and may adopt or enter into other such plans, programs, policies and contracts which will be
listed from time to time on Schedule 1; and 
 Whereas the Corporation’s obligations pursuant to the Plans are not funded or
otherwise secured and the Corporation desires to take steps to assure that, subject to the claims of the Corporation’s general creditors, the future payment of amounts under the Plans will not be improperly withheld in the event that a Change
of Control (as hereinafter defined) of the Corporation should occur; 
 Now, Therefore, the Corporation and the Trustee agree as
follows: 
 SECTION 1. DEFINITIONS 
 (a) “Benefit Commitments” means: 
 (i) all benefits that are accrued or payable
(whether on a current or deferred basis) under the Plans as of the date of the Change of Control and 
 (ii) all benefits that
may become payable under the Plans as in effect on the date of the Change of Control as a result of termination of a participant’s employment after such Change of Control, as described in Section 2(d). 
  

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 (b) “Change of Control” means: 
 (i) Upon consummation of a reorganization, merger or consolidation involving the Corporation (a “Business Combination”), in each
case, unless, following such Business Combination, 
 (A) all or substantially all of the individuals and entities who were
the beneficial owners, respectively, of the then outstanding shares of common stock of the Corporation (the “Outstanding Common Stock”) and the then outstanding voting securities of the Corporation entitled to vote generally in the
election of directors (the “Outstanding Voting Securities”) immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of, respectively, the then outstanding shares of common stock and the
combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors of the corporation resulting from such Business Combination (including, without limitation, a corporation which as a result of
such transaction owns the Corporation either directly or through one or more subsidiaries), 
 (B) no Person (as defined in
(iii) below) (excluding any corporation resulting from such Business Combination or any employee benefit plan (or related trust) sponsored or maintained by the Corporation or such other corporation resulting from such Business Combination)
beneficially owns, directly or indirectly, 30% or more of, respectively, the then outstanding shares of common stock of the corporation resulting from such Business Combination or the combined voting power of the then outstanding voting securities
of such corporation except to the extent that such ownership is based on the beneficial ownership, directly or indirectly, of Outstanding Common Stock or Outstanding Voting Securities immediately prior to the Business Combination, and 
 (C) at least a majority of the members of the board of directors of the corporation resulting from such Business Combination were members
of the board of directors of the Corporation (the “Board”) at the time of the execution of the initial agreement, or of the action of the Board, providing for such Business Combination; or 
  

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 (ii) On the date that individuals who, as of May 19, 2006 constitute the Board (the
“Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to May 19, 2006 whose election, or nomination for election by the
Corporation’s stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board should be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose,
any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors, an actual or threatened solicitation of proxies or consents or any other
actual or threatened action by, or on behalf of any Person other than the Board; or 
 (iii) Upon the acquisition after
May 19, 2006 by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) (a “Person”) of beneficial ownership (within
the meaning of Rule 13d-3 promulgated under the Exchange Act) of 30% or more of either 
 (A) the then Outstanding Common
Stock or 
 (B) the combined voting power of the Outstanding Voting Securities; provided, however, that the following
acquisitions shall not be deemed to be covered by this subparagraph (iii): 
 (x) any acquisition of Outstanding Common Stock
or Outstanding Voting Securities by the Corporation, 
 (y) any acquisition of Outstanding Common Stock or Outstanding Voting
Securities by any employee benefit plan (or related trust) sponsored or maintained by the Corporation, or 
 (z) any
acquisition of Outstanding Common Stock Outstanding Voting Securities by any corporation pursuant to a transaction which complies with clauses (A), (B) and (C) of Subsection I(b)(i) of this Agreement, or 
  

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 (iv) Upon the consummation of the sale of all or substantially all of the assets of the
Corporation or approval by the stockholders of the Corporation of a complete liquidation or dissolution of the Corporation. 
 (c)
“Corporation” means Potlatch Corporation, a Delaware corporation, and its successor and assigns. 
 (d) “Independent
Administrator” means an independent professional benefits consulting or administrative firm appointed pursuant to Section 3(b). 
 (e) “Insolvent” means that the company is unable to pay its debts as they mature or is subject to a pending proceeding as a debtor under the Bankruptcy Code. 
 (f) “Participants” mean the active and former directors and employees of the Corporation or its subsidiaries or affiliates who are entitled to
benefits under the Plans. 
 (g) “Plans” mean the nonqualified plans, programs, policies and contracts listed on Schedule 1 adopted
or maintained by the Corporation or a subsidiary or affiliate of the Corporation. The Corporation may from time to time add to or delete items from Schedule 1 by notifying the Trustee in writing; provided, however, that no such change to Schedule 1
may be made after a Change of Control has occurred. The Corporation shall provide the Trustee with a current copy of each Plan and any amendments thereto. 
 (h) “Trust” means the Potlatch Corporation Benefits Protection Trust established pursuant to this Agreement. 
 (i) “Trustee” means U.S. Bank National Association, or any successor trustee appointed pursuant to Section 10. 
 (j) “Trust Fund” means all moneys, securities and other property held by the Trustee under the Trust. 
  

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 SECTION 2. CREATION OF TRUST; CONTRIBUTIONS 
 (a) Concurrently with the execution of this Agreement, the Corporation deposited with the Trustee $100 in cash. From time to time the Corporation shall
also deposit with the Trustee such contributions as may be permitted or required pursuant to Sections 2(c) and 2(d) of this Agreement. All such contributions and all accumulations and accruals, and the earnings and income with respect thereto, shall
be held by the Trustee in trust pursuant to this Agreement and shall be invested, reinvested and applied as provided herein. The Trustee hereby accepts being named as Trustee under this Agreement and agrees to hold the Trust Fund subject to all of
the terms and conditions hereof. 
 (b) The Trust established hereunder shall be revocable by the Corporation at any time before a Change of
Control, but shall be irrevocable upon and after a Change of Control. The Trust is intended at all times to be a grantor trust as described in section 671 of the Internal Revenue Code of 1986, as amended, and all income earned on the assets of the
Trust Fund shall be taxable to the Corporation, whether before or after the Trust becomes irrevocable. All taxes with respect to the Trust shall be payable by the Corporation from its separate funds and shall not be charged against the Trust Fund.

 (c) The Corporation, with the concurrence of the Trustee, may at any time deposit with the Trustee cash or marketable securities to be
credited to the Trust Fund. 
 (d) Within 30 days after a Change of Control has occurred, the Corporation shall deposit with the Trustee cash
or marketable securities (other than stock or debt obligations of the Corporation) to be credited to the Trust Fund in an amount which, when added to any funds already credited to the Trust Fund, the Corporation reasonably determines will be at
least sufficient to pay: 
 (i) the Benefit Commitments, and 
 (ii) all anticipated future expenses of the Trust Fund, including the fees and expenses of the Trustee described in Section 6(b).

  

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 (e) At least annually after a Change of Control, the Independent Administrator shall retain an actuary to
re-determine the amount determined pursuant to (d) above. Such re-determination shall be performed using the factors and assumptions set forth in Schedule 2. If the current fair market value of the assets of the Trust Fund does not equal or
exceed 110% of the amount so re-determined, the Independent Administrator shall so advise the Corporation and the Corporation shall, within 30 days after receiving such notice, make an irrevocable contribution to the Trust equal to the excess of the
re-determined amount over the current fair market value of the assets of the Trust Fund. 
 (f) The Trustee shall not be responsible for the
computation or collection of any contribution to the Trust Fund. 
 SECTION 3. PAYMENTS FROM THE TRUST 
 (a) Upon the effective date of this Agreement, the Corporation shall furnish the Trustee with written information regarding the Participants and their
beneficiaries under the Plans and the dates of distribution and amounts of benefits under the Plans and shall update such information on a regular basis. 
 (b) The Corporation shall have the duty to notify the Trustee if a Change of Control occurs. If the Corporation fails to provide such notice and the Trustee has a reasonable basis for believing that a Change of
Control has occurred, then the Trustee shall be authorized to act under this section as if the Corporation had provided such notice. After a Change of Control, the Corporation shall: (i) within 30 days furnish to the Trustee the information
described in (a) above with respect to the Benefit Commitments which are then payable under the Plans; (ii) update such information with respect to all Plans not less frequently than annually; (iii) furnish the Trustee with any other
information the Trustee may reasonably request within 30 days after such request; and (iv) within 30 days following the Change of Control, appoint an Independent Administrator which shall assume responsibility for the administration of the
Plans and provide such information and assistance as may be necessary or appropriate to assist the Independent Administrator to carry out its duties in connection with the Plans. 
  

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 (c) Before a Change of Control, the Trustee shall make payments from the Trust Fund to Participants and
their beneficiaries under the Plans if so directed by the Corporation. The Corporation may withdraw funds from the Trust Fund for any purpose at any time before a Change of Control. 
 (d) After a Change of Control the Trustee shall pay the Benefit Commitments to the Participants and their beneficiaries in the amounts and at the time
directed by the Independent Administrator. 
 (e) Except as provided in Section 2(d) or Section 11(d), no funds shall be paid to
the Corporation after a Change of Control unless the Trustee determines in its sole discretion that the funds will never be required to pay Benefit Commitments under the Plans and expenses of the Trust Fund and the Independent Administrator.

 (f) After a Change of Control the Trustee shall pay benefits (including, without limitation, benefits accruing on account of services
rendered after the date of the applicable event or on account of a period of employment after the applicable event) under the Plans in excess of the Benefit Commitments only if the Corporation deposits additional cash or marketable securities
sufficient to pay such excess benefits or the Trustee determines in its sole discretion that the Trust Fund is sufficient to pay all Benefit Commitments, expenses of the Trust Fund and such excess benefits, and the Corporation agrees in writing that
it will not make a request pursuant to Section 3(e) prior to the termination of the Trust that the Trustee make a distribution of funds in excess of the amount necessary to pay the Benefit Commitments and Trust Fund expenses. 
 (g) Payments to Participants and their beneficiaries pursuant to Sections 3(c) and 3(d) shall be made by the Trustee to the extent that funds in the
Trust Fund are sufficient for such purpose. In any month in which the Trustee determines that the Trust Fund does not have sufficient funds to provide for the payment of all benefits due in such month under the Plans, the amount otherwise payable to
each such Participant or beneficiary during such month shall be reduced proportionately; provided, however, that after a Change of Control any payments in excess of the Benefit Commitments shall be reduced as necessary or completely terminated
before payment of any Benefit Commitments shall be reduced. 
  

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 (h) Notwithstanding any other provisions of this Agreement, if before or after a Change of Control the
Trustee is notified by the Corporation or the Trustee has a reasonable basis for believing that the Corporation is Insolvent, the Trustee shall discontinue benefit payments from the Trust Fund and shall hold the assets of the Trust Fund to satisfy
the claims of the Corporation’s general and judgment creditors. For this purpose, the knowledge of any of its affiliates shall not be imputed to the Trustee. The Trustee shall resume benefit payments only after determining that the Corporation
is not Insolvent or as directed by a court of competent jurisdiction. 
 (i) The Corporation shall have the duty to notify the Trustee if the
Corporation becomes Insolvent. Except as provided in the next sentence, the Trustee shall have no duty to inquire whether the Corporation is Insolvent. If a person claiming to be a creditor of the Corporation alleges in writing to the Trustee that
the Corporation is Insolvent, the Trustee shall independently determine or, within 30 days after receipt of such notice, shall petition a court to determine whether the Corporation is Insolvent and shall suspend benefit payments pending such
determination. The Corporation shall promptly provide all information reasonably requested by the Trustee to enable the Trustee or the court to make such determination. 
 (j) If the Trustee discontinues or suspends benefit payments under Section 3(h) or 3(i) and subsequently resumes such payments, the first payment following such discontinuance or suspension shall include the
aggregate amount of all payments that would have been made during the period of discontinuance or suspension, less any payments made by the Corporation to the Participant or beneficiary pursuant to the Plans during such period, together with
interest equal to 70% of the prime rate at large U.S. money center commercial banks as reported in the Wall Street Journal from time to time throughout such period. 
 (k) No Participant or beneficiary shall have any claim on or beneficial ownership interest in any assets of the Trust Fund before such assets are paid to the Participant or beneficiary, and all rights created under
the Plans shall be unsecured contractual rights against the Corporation. 
  

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 SECTION 4. MANAGEMENT OF TRUST ASSETS 
 (a) Prior to a Change of Control, the Trust Fund shall be held, invested and reinvested by the Trustee as directed in writing by the Corporation from time
to time. 
 (b) After a Change of Control, the Trustee shall have exclusive authority and discretion to manage and control the Trust Fund and
may employ investment managers (including affiliates of the Trustee) to manage the investment of the Trust Fund. In exercising such authority and discretion, the Trustee shall be guided by the investment policy guidelines established by the
Corporation for this purpose. 
 The Trustee shall discharge its investment duties with the care, skill, prudence and diligence under the
circumstances then prevailing that a prudent person acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims. 
 (c) In no event shall assets of the Trust Fund be invested in debt obligations of the Corporation. 
 (d) To the fullest extent permitted by law, the Trustee is expressly authorized to: 
 (i) retain the services of a registered broker-dealer organization hereafter affiliated with U.S. Bank National Association, and any
future successors in interest thereto (collectively for the purposes of this paragraph referred to as the “Affiliated Entities”), to provide services to assist in or facilitate the purchase or sale of investment securities in the Trust,

 (ii) acquire as assets of the Trust shares of mutual funds to which Affiliated Entities provides, for a fee, services in
any capacity and 
 (iii) acquire in the Trust any other services or products of any kind or nature from the Affiliated
Entities regardless of whether the same or similar services or products are available from other institutions. 
  

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 The Trust may directly or indirectly (through mutual funds fees and charges, for example) pay management
fees, transaction fees and other commissions to the Affiliated Entities for the services or products provided to the Trust and such mutual funds at such Affiliated Entities’ standard or published rates without offset (unless required by law)
from any fees charged by the Trustee for its services as Trustee. 
 The Trustee may also deal directly with the Affiliated Entities
regardless of the capacity in which it is then acting, to purchase, sell, exchange or transfer assets of the Trust even though the Affiliated Entities are receiving compensation or otherwise profiting from such transaction or are acting as a
principal in such transaction. 
 (e) Each of the Affiliated Entities is authorized to 
 (i) effect transactions on national securities exchanges for the Trust as directed by the Trustee, and 
 (ii) retain any transactional fees related thereto, consistent with Section 11(a)(1) of the Exchange Act, as amended, and related
Rule 11a2-2(T). 
 (iii) Included specifically, but not by way of limitation, in the transactions authorized by this provision
are transactions in which any of the Affiliated Entities are serving as an underwriter or member of an underwriting syndicate for a security being purchased or are purchasing or selling a security for its own account. In the event the Trustee is
directed by the Corporation or any designated investment manager, as applicable hereunder (collectively referred to for purposes of this paragraph as the “Directing Party”), the Directing Party shall be authorized, and expressly retains
the right hereunder, to direct the Trustee to retain the services of, and conduct transactions with, Affiliated Entities fully in the manner described above. 
 SECTION 5. POWERS OF TRUSTEE 
 Subject to Sections 3 and 4, the Trustee shall have full power and authority with respect to any and all moneys, securities and other property at any time received or held in the Trust Fund to do all such acts, take all such proceedings and
exercise all such rights and privileges, 

  

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whether herein specifically referred to or not, as could be done, taken or exercised by the absolute owner thereof, including, without in any way limiting
the generality of the foregoing, the following: 
 (a) To collect and receive the income of the Trust Fund and to invest and reinvest the
Trust Fund in investments of any kind; 
 (b) To pay the expenses of the Trust (excluding any taxes payable by the Corporation under
Section 2(b)) out of the Trust Fund, including the fees and reasonable expenses of the Independent Administrator and including reasonable compensation for its services as Trustee (if and to the extent that the Corporation does not pay such
expenses and compensation); 
 (c) To employ suitable agents and counsel, and pay their reasonable expenses and compensation out of the Trust
Fund (if and to the extent that the Corporation does not pay such expenses and compensation); 
 (d) To sell, convey, exchange or otherwise
dispose of any property at any time held in trust hereunder; 
 (e) To hold uninvested any cash contributions to the Trust Fund and to create
reserves of cash or other assets of the Trust Fund in the banking department of any affiliate of the Trustee, without liability for interest thereon, for the payment of expenses, or for distributions pursuant to the Plans, or for any other purpose
in connection with the Plans, notwithstanding the affiliate’s receipt of “float” from such uninvested cash; 
 (f) To deposit
any moneys at any time held in the Trust Fund in any savings bank, in the savings department of any bank or in a banking affiliate of the Trustee; 
 (g) To invest assets of the Trust Fund in any mutual funds advised by the Trustee or any of its affiliates or for which an affiliate of the Trustee acts as a custodian or other service provider and to receive management fees from such
mutual funds for services performed for such funds; 
 (h) To have, respecting bonds, shares of corporate stock and other securities, all the
rights, powers and privileges of an owner, including holding securities in the name of the Trustee 

  

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or in the name of a nominee securities depository with or without disclosure of the Trust, voting any corporate stock either in person or by proxy, with or
without power of substitution, making payment of calls, assessments or other sums deemed by the Trustee expedient for the protection of the Trust Fund, exchanging securities, selling or exercising stock subscriptions or conversion rights,
participating in foreclosures, reorganizations, consolidations, mergers, liquidations, pooling agreements, voting trusts, and assenting to corporate sales, leases and encumbrances. The Trustee may provide to the Corporation (or, after a Change of
Control, to the Independent Administrator) the proxy of any security when in the Trustee’s judgment the Trustee or one of its affiliates may have a conflict of interest; 
 (i) To enter into any contracts with, or purchase any annuities from, any insurance company or insurance companies for the purpose of providing for
distributions under the Plans; and 
 (j) To settle, compromise or submit to arbitration any claims, debts or damages due or owing to or from
the Trust or the Trust Fund; to commence or defend legal proceedings for or against the Trust; and to represent the Trust in all proceedings in any court of law or equity or before any other body or tribunal. 
 SECTION 6. TAXES, EXPENSES AND COMPENSATION OF TRUSTEE 
 (a) The Corporation shall pay any federal, state, local or other taxes imposed with respect to the assets or income of the Trust Fund. At the direction of
the Corporation (or, following a Change of Control, at the direction of the Independent Administrator), the Trustee shall deduct any payroll or income taxes required to be withheld from any payments made to Participants or their beneficiaries from
the Trust Fund. 
 (b) The fees and expenses of the Trustee may be revised from time to time as agreed to by the parties. The Trustee’s
reasonable expenses, including but not limited to the retention of legal counsel, accountants and actuaries and such other professionals as the Trustee determines are necessary or appropriate to enable it to perform its services as Trustee, shall be
charged to and payable from the Trust Fund on a monthly basis, or on such other basis as the Trustee deems reasonable, except to the extent that such fees and expenses are paid by the Corporation. 
  

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 SECTION 7. RECORDS AND ACCOUNTING 
 (a) The Trustee shall keep accurate and detailed records and accounts with respect to all assets included in the Trust Fund and all investments, receipts
and disbursements and other transactions involving the Trust, except that the Corporation shall maintain all accounts for Participants and their beneficiaries as provided in the Plans. All accounts, books and records maintained by the Trustee shall
be open to inspection by any person designated by the Corporation at all reasonable times. 
 (b) Within 60 days following the close of each
calendar year or the date of removal or resignation of the Trustee or termination of the Trust, the Trustee shall file with the Corporation a written report setting forth all investments, receipts, disbursements and other transactions effected by it
during the calendar year or part thereof for which the report is filed, in such form as the Corporation and the Trustee shall agree. The Trustee also shall render such additional statements or reports to the Corporation as the Corporation may
reasonably request from time to time. 
 SECTION 8. INDEMNIFICATION 
 The Corporation shall indemnify and hold the Trustee harmless from and against any liability that the Trustee may incur in the administration of the Trust
(including reasonable attorneys’ fees), unless arising from the Trustee’s own gross negligence, willful misconduct, or willful breach of the provisions of or its obligations under this Agreement. The Trustee shall not be required to give
any bond or any other security for the faithful performance of its duties under this trust agreement, except as required by law. 
 SECTION 9. ADMINISTRATION OF THE PLANS; COMMUNICATIONS 
 (a) The Corporation shall administer the Plans as provided therein
and subject to Section 3(d), the Trustee shall not be responsible in any respect for administering the Plans. The Trustee shall not be responsible for the adequacy of the Trust Fund to meet and discharge all payments and liabilities under the
Plans. 
  

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 (b) Any action of the Corporation, or if applicable, the Independent Administrator under any provision of
this Agreement shall be evidenced by a written instrument signed by an authorized agent of the Corporation or if applicable, the Independent Administrator. The Corporation, or if applicable, the Independent Administrator shall furnish the Trustee
from time to time with evidence satisfactory to the Trustee as to the agents authorized to sign such instruments. 
 SECTION
10. RESIGNATION OR REMOVAL OF TRUSTEE 
 (a) The Trustee may resign at any time and for any reason before a Change of Control upon
written notice to the Corporation. After receipt of such written notice, the Corporation shall appoint a successor trustee that will become Trustee upon its acceptance of the Trust. The Trustee’s resignation shall become effective upon the
earlier of the date six months after such written notice is provided or the date the successor trustee is appointed by the Corporation and accepts the Trust. The Trustee shall have no duty to find or secure the appointment of a successor upon its
resignation pursuant to this Section 10(a). 
 (b) After a Change of Control, the Trustee may resign at any time and for any reason upon
written notice to the Corporation, and, if applicable, the Independent Administrator. Such resignation shall become effective only if: 
 (i) The Trustee has obtained the agreement of a bank to act as successor trustee which bank (A) is among the 100 largest banks in the United States, as measured by deposits, (B) has a rating of
“B/C” or greater based upon the most current rating from Keefe, Bruyett & Woods (“KB&W’) or its successor, or if KB&W or its successor should cease to publish ratings, then a short-term debt rating from
Moody’s of “P-1” or greater, or from Standard and Poor’s of “A-1” and (C) has no present commercial banking relationship with the Corporation or any of its subsidiaries, affiliates or successors; or 
 (ii) A court of competent jurisdiction has appointed a successor trustee, but only after the Trustee has used its best efforts to find a
successor pursuant to (i) above. 
 The Trustee shall continue to be trustee of the Trust Fund until the new trustee is in place, and
the Trustee shall be entitled to expenses and fees (including expenses incurred in finding a 

  

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successor trustee or petitioning a court to name a successor trustee) through the later of the effective date of its resignation as Trustee or the end of its
custodianship of the Trust Fund. 
 (c) Prior to a Change of Control, the Corporation may remove the Trustee upon 30 days written notice to
the Trustee, or upon such shorter period as is acceptable to the Trustee. Such removal shall become effective, however, only upon the occurrence of all of the following events: 
 (i) The appointment by the Corporation of a successor trustee; 
 (ii) The acceptance of the Trust by the successor trustee; and 
 (iii) The delivery of the Trust Fund to the successor trustee. 
 (d) Following a Change of Control, the Independent Administrator, if it agrees to assume such power and responsibility, may remove the Trustee by
following the steps prescribed for the Corporation in (c) above. 
 (e) Upon designation or appointment of a successor trustee, the
Trustee shall transfer the Trust Fund to the successor trustee reserving such reasonable sums as the Trustee shall deem necessary to defray its expenses in settling its accounts and to pay any of its compensation due and unpaid. If the sums so
reserved are not sufficient for these purposes, the Trustee shall be entitled to recover the amount of any deficiency from either the Corporation or the Trust Fund held by the successor trustee, or both. 
 SECTION 11. AMENDMENT OF AGREEMENT; TERMINATION OF TRUST 
 (a) The Corporation shall have the right at any time prior to a Change of Control to amend this Agreement by an instrument in writing duly executed and
delivered to the Trustee, or to terminate the Trust; provided, however, that the duties, powers and liabilities of the Trustee hereunder shall not be substantially changed without its written consent. 
 (b) The provisions of this Agreement and the Trust created hereby may not be amended or terminated by the Corporation after a Change of Control. The
Trustee, after a 

  

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Change of Control, may amend the provisions of this Agreement to the extent required by applicable law. 
 (c) In the event the Corporation terminates the Trust prior to the occurrence of a Change of Control, the Trustee shall reserve such sums as it deems
necessary to pay its fees and expenses, and shall distribute all remaining assets of the Trust Fund in accordance with the written directions of the Corporation. 
 (d) The Trust shall be terminated upon the earlier of the exhaustion of the Trust Fund or the final payment of all amounts payable to all of the Participants and their beneficiaries pursuant to the Plans, and the
payment of all amounts due to the Trustee and all costs and expenses chargeable to the Trust. Promptly upon termination of this Trust, and after payment of all fees, expenses and indemnities due to or incurred by the Trustee hereunder, any remaining
portion of the Trust Fund shall be paid to the Corporation. 
 SECTION 12. GOVERNING LAW; SEVERABILITY 
 (a) This Agreement shall be construed and enforced in accordance with the laws of the State of Washington. 
 (b) Any provision of this Agreement that is determined to be invalid or unenforceable shall be ineffective without invalidating the remaining provisions
hereof. 
 (c) This Agreement shall have binding effect on the successors and assigns of the Corporation and on all parent and subsidiary
companies related to any such successor or assign. 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this amended and restated Agreement to be executed by
their duly authorized officers as of the day and year first above written. 
  

			
	POTLATCH CORPORATION
		
	By:	 	/s/ Gerald L. Zuehlke
		 	 G. L. Zuehlke
 Vice President and Chief Financial
Officer
 POTLATCH CORPORATION

  

			
		
	By:	 	/s/ Jenni Hogaboom
		 	US BANK NATIONAL ASSOCIATION

  

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 Schedule 1 
 The Plans 
 Potlatch Forest Products Corporation Salaried Employees’ Supplemental Benefit Plan 
 Potlatch Forest Products Corporation Salaried Employees’ Supplemental Benefit Plan II 
 Potlatch Corporation Management Performance Award Plan 
 Potlatch Corporation Management Performance Award Plan II 
 Potlatch Forest Products Corporation Severance Program for Executive Employees 
 Potlatch Corporation Directors Deferred Compensation Plan 
 Potlatch Corporation Directors Deferred Compensation Plan II 
 Potlatch Corporation Directors Retirement Plan (frozen) 
 Potlatch Forest Products Corporation Employee Severance Plan* 
 Supplemental Retirement Benefit and Life Insurance Agreement
Between Potlatch Corporation and Richard B. Madden dated as of February 19, 1988 
 Deferred Compensation Agreement Between Potlatch Corporation and
Richard N. Congreve dated as of December 2, 1982, as amended 
 Severance and/or Employment Agreements: 
 Akerman, Jr., Emory S. 
 Bacon, John W.

 Beech, John M. 
 Biazzo, Thomas
A. 
 Black, Douglas L. 
 Brenner,
Richard J. 
 Bullard, Richard W. 
 Cheek, George C. 
 Clark, Kenneth L. 
 Collier, James L. 
 Congreve, Richard N. 
 Covey, Michael J. 
 Davis, Brian W.

	*	The contributions made to the Trust Fund by the Corporation with respect to the Employee Severance Plan shall be held in a separate sub-account and the provisions of Section 3
shall apply separately to such sub-account. 

  

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 Davisson, Ralph M. 
 DeBorde, Robert M. 
 Deward, Carl 
 Durand, Daniel J 
 Fleshman, Nancy (survivor
of James Fleshman) 
 Grove, Gail (survivor of Harry Grove) 
 Hanby, Jr, John E. 
 Hedden, Helen 
 Hawley Jr, Robert J. 
 Kosloski, Ervin D.

 Krantz, Irwin W. 
 Madden,
Richard B. 
 Martin, F. Lynn 
 McAdoo, James C. 
 Morrison, John D. 
 Morton, G. William 
 Mull, Pamela A. 
 Norha, Patrick R. 
 Page, Gordon R.

 Palkie, Thomas G. 
 Powell,
Sandra T. 
 Robison, John G. 
 Rosenbaum, Lester G. 
 Ryerse, Malcolm A. 
 Smrekar, Thomas J. 
 Stinnett, Brent L. 
 Tate, Terry H. 
 Warner, Richard V.

 Wolhaupter, John 
  

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 Schedule 2 
 Summary of Funding Methods and Assumptions for 
 Severance Contracts, Employment Agreements and 
 Supplement Defined Benefit Plan 
 Discount Rate

 Discount rate will be determined using the discount rate to determine Potlatch Forest Products Corporation Salaried Employees Retirement Plan benefits
for the fiscal year in which a Change of Control occurs. 
 Termination and Retirement 
 All active participants terminate two years after the valuation date, or immediately, if that produces a higher liability. Benefit payments begin at the earliest retirement date following termination. 
 Mortality 
 No mortality before
retirement. Post-retirement mortality using RP-2000 mortality table. 
 Trust Expenses 
 5% of liabilities. 
  

 20Stock Option Agreement

 Exhibit 10.1 
 EXHIBIT A 
 STOCK OPTION AGREEMENT 
 FOR RICHARD ARNOLD 
  

	I.	NOTICE OF STOCK OPTION GRANT 

 Richard Arnold
(“Optionee”) has been granted an option (“Option”) to purchase the common stock (“Common Stock”) of Phoenix Technologies Ltd. (the “Company”) subject to the terms and conditions of this stock option agreement
(“Agreement”) as follows: 
  

			
	Date of Grant	  	September 27, 2006
		
	Vesting Commencement Date	  	September 27, 2006
		
	Total Number of shares of Common Stock (“Shares”) granted	  	600,000
		
	Exercise Price per Share	  	$4.45
		
	Type of Option:	  	Nonstatutory Stock Option
		
	Term/Expiration Date:	  	September 27, 2016

  

 1 

 Vesting Schedule: 
 This Option may be exercised at any time, provided that to the extent it is exercised for unvested Shares, the Optionee shall enter into a Restricted
Stock Purchase Agreement which shall provide the Company with a repurchase right for the unvested Shares that shall lapse in accordance with this vesting schedule. This Option shall vest with respect to 25% of the total number of Shares underlying
the Option on the one-year anniversary of the Vesting Commencement Date, and 1/48 of the total number of Shares underlying the Option each month thereafter, provided that the Optionee continues to be employed by the Company on such applicable
vesting dates. In addition, the vesting of the Option may accelerate upon certain terminations of employment as provided in the Severance and Change of Control Agreement between the Optionee and the Company (the “Severance and Change of Control
Agreement”). 
 Termination Period: 
 This Option may be exercised for a period of six (6) months after Optionee ceases to be employed by the Company. In no event shall this Option be exercised later than the Term/Expiration Date as provided above.
Furthermore, this Option may be exercised only to the extent that the Optionee is vested in the Option on the date the Optionee terminates Employment with the Company. To the extent the Optionee is not vested with respect to the Option on the date
of such termination (after taking into account any vesting acceleration provided for in this Agreement or the Severance and Change of Control Agreement), such unvested portion of the Option shall be forfeited on such termination date, and shall not
be exercisable. 
  

	II.	AGREEMENT 

 1. Grant of Option.
The Company hereby grants to the Optionee an Option to purchase the number of Shares, as set forth in the Notice of Grant, at the exercise price per share set forth in the Notice of Grant (the “Exercise Price”), subject to the terms and
conditions of this Agreement. 
 2. Exercise of Option. 
 (a) Right to Exercise. This Option is exercisable during its term in accordance with the Vesting Schedule set out in the Notice of Grant and
the applicable provisions of this Agreement. 
 (b) Method of Exercise. This Option is exercisable by delivery of an exercise
notice, in the form attached as Appendix A (the “Exercise Notice”), which shall state the election to exercise the Option, the number of Shares in respect of which the Option is being exercised (the “Exercised Shares”), and
such other representations and agreements as may be required by the Company as set forth in this Agreement. The Exercise Notice shall be completed by the Optionee and delivered to the Secretary of the Company. The Exercise Notice shall be
accompanied by payment of the aggregate Exercise Price as to all Exercised Shares. This Option shall be deemed to be exercised upon receipt by the Company of such fully executed Exercise Notice accompanied by such aggregate Exercise Price.

  

 2 

 If the Optionee elects to exercise this Option with respect to unvested Shares, the Optionee shall
deliver an exercise notice, in the form attached as Appendix C (the “Early Exercise Notice and Restricted Stock Purchase Agreement”), which shall state the election to early exercise the Option, the number of Shares in respect of
which the Option is being early exercised, and an executed Restricted Stock Purchase Agreement which shall provide the Company with a repurchase right for the unvested Shares that shall lapse in accordance with the Option’s vesting schedule,
and such other representations and agreements as may be required by the Company as set forth in this Agreement. The Exercise Notice shall be completed by the Optionee and delivered to the Secretary of the Company. The Exercise Notice shall be
accompanied by payment of the aggregate Exercise Price as to all Exercised Shares. This Option shall be deemed to be early exercised upon receipt by the Company of such fully executed Early Exercise Notice, Restricted Stock Purchase Agreement, and
aggregate Exercise Price. 
 No Shares shall be issued pursuant to the exercise of this Option unless such issuance and exercise complies
with “Applicable Laws” (as such term is defined in the Company’s 1999 Stock Plan), and the Optionee has met his withholding obligations as set forth in Section 10 of this Agreement. 
 3. Method of Payment. Payment of the aggregate Exercise Price shall be by any of the following, or a combination thereof, at the election
of the Optionee: 
 (a) cash; 
 (b) check; 
 (c) consideration received by the Company under a cashless exercise program implemented by the Company
in connection with this Agreement; 
 (d) surrender of other Shares (including a portion of the fully vested option shares being
exercised) which have a “Fair Market Value” (as such term is defined in the Company’s 1999 Stock Plan) on the date of surrender equal to the aggregate Exercise Price of the Exercised Shares; or 
 (e) any combination of the foregoing methods. 
 4. Non-Transferability of Option. Without the consent of the Company, which shall not be unreasonably withheld, this Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution
and may be exercised during the lifetime of Optionee only by the Optionee. The terms of this Option Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee. 
 5. Term of Option. This Option may be exercised only within the term set out in the Notice of Grant, and may be exercised during such term
only in accordance with this Agreement. 
 6. Tax Consequences. Some of the federal tax consequences relating to this Option
are set forth below. THIS SUMMARY IS NECESSARILY INCOMPLETE, 

  

 3 

 
AND THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. THE OPTIONEE SHOULD CONSULT AN INDEPENDENT TAX ADVISER BEFORE EXERCISING THIS OPTION OR DISPOSING OF
THE SHARES. 
 (a) Exercising the Option. The Optionee may incur regular federal income tax liability upon exercise of the
Option. The Optionee will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the Fair Market Value of the Exercised Shares on the date of exercise over their aggregate Exercise
Price. If the Optionee is an Employee or a former Employee, the Company has certain withholding obligations as described in Section 10 of this Agreement. 
 (b) Disposition of Shares. If the Optionee holds the Shares underlying the Option for at least one year, any gain realized on disposition of the Shares will be treated as long-term capital gain
for federal income tax purposes. 
 7. Administration of Agreement. This Agreement shall be administered by the Company’s
Board of Directors (“Board”) or a committee thereof (“Committee”) that satisfies the requirements of Applicable Law (individually or collectively, the “Administrator”). To the extent desirable to treat the transactions
contemplated under this Agreement as exempt under Rule 16b-3 under the Securities Exchange Act of 1934 (the “Exchange Act”), the Committee shall consist of at least two “non-employee directors” as defined under Rule 16b-3.
Subject to the provisions of this Agreement, the Administrator shall have the authority in its discretion: 
 (a) to construe and
interpret the terms of this Agreement; 
 (b) to reduce the Exercise Price of the Option to the then current Fair Market value if the
Fair Market Value of the Common Stock covered by such Option shall have declined since the date the Option was granted; 
 (c) to
institute an option exchange program subject to stockholder approval; 
 (d) to modify or amend the Option (subject to Section 11
of the Agreement), including the discretionary authority to extend the post-termination exercisability period of the Option; 
 (e) to
authorize any person to execute on behalf of the Company any instrument required to effect the grant the Option; and 
 (f) to make
all other determinations deemed necessary or advisable for administering the Agreement. 
 The Administrator’s decisions, determinations
and interpretations shall be final and binding on the Optionee. 
  

 4 

 8. Rights as Stockholder; Buy-Out Provisions. 
 (a) Rights as Stockholder. Until the Shares are issued (as evidenced by the appropriate entry on the books of the Company or of a duly
authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a stockholder shall exist with respect to the Optioned Shares, notwithstanding the exercise of the Option. The Company shall issue (or cause to
be issued) such Shares promptly after the Option is exercised. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Shares are issued, except as provided in Section 9 of this Agreement.

 (b) Buy-Out Provisions. The Administrator may at any time offer to buy this Option for a payment in cash or Shares on such
terms and conditions as the Administrator shall establish and communicate to the Optionee at the time that such offer is made, subject to Optionee’s approval of the terms of the offer. 
 9. Adjustment upon Changes in Capitalization, Dissolution or Liquidation, or Change of Control. 
 (a) Changes in Capitalization. Subject to any required action by the stockholders of the Company, the number of shares of Common Stock
covered by the Option and the per Share Exercise Price of the Option shall be proportionately adjusted for any increase or decrease in the number of issued shares of Common Stock resulting from a stock split, reverse stock split, stock dividend,
combination or reclassification of the Common Stock, or any other increase or decrease in the number of issued shares of Common Stock effected without receipt of consideration by the Company; provided, however, that conversion of any convertible
securities of the Company shall not be deemed to have been “effected without receipt of consideration.” Such adjustment shall be made by the Board, whose determination in that respect shall be final, binding and conclusive. Except as
expressly provided herein, no issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price
of shares of Common Stock subject to this Option. 
 (b) Dissolution or Liquidation. In the event of the proposed dissolution
or liquidation of the Company, the Administrator shall notify the Optionee as soon as practicable prior to the effective date of such proposed transaction. The Administrator in its discretion may provide for an Optionee to have the right to exercise
this Option until ten (10) days prior to such transaction as to all of the Optioned Stock covered thereby, including Shares as to which the Option would not otherwise be exercisable. To the extent it has not been previously exercised, this
Option will terminate immediately prior to the consummation of such proposed action. 
 (c) Change of Control. In the event of
a Change of Control, as defined in the Optionee’s Severance and Change of Control Agreement, the terms of such Severance and Change of Control Agreement shall apply to this Option. 
 (d) Corporate Transactions. In the event of (i) the consummation of a merger of the Company with or into another corporation, or
(ii) the consummation of the sale of all or substantially all of the assets or all or substantially all of the outstanding securities of the 

  

 5 

 
Company ((i) or (ii) is referred to herein as a “Corporate Transaction”), this Option and any restricted stock granted as a result of the
early exercise of this Option (the “Restricted Stock”), shall be assumed or an equivalent option or right substituted by the successor corporation or a Parent or Subsidiary of the successor corporation. In the event that the successor
corporation refuses to assume or substitute for this Option or Restricted Stock, the Optionee shall fully vest in this Option, and the rights of the Company to repurchase such Restricted Stock shall fully lapse. If an Option becomes fully vested in
lieu of assumption or substitution in the event of a Corporate Transaction, the Administrator shall notify the Optionee in writing or electronically that the Option shall be fully vested and exercisable for a period of fifteen (15) days from
the date of such notice, and the Option shall terminate upon the expiration of such period. The Option shall be considered assumed or substituted for if, following the Corporate Transaction, the Optionee has the right to purchase or receive the same
consideration the shareholders of the Company received in the Corporate Transaction and the terms of this Option in effect immediately prior to the Corporate Transaction are not impaired. The Restricted Stock shall be considered to be assumed if the
forfeiture, reacquisition or repurchase rights for the shares of Restricted Stock are assigned by the Company to the successor corporation (or any parent of subsidiary). If as a result of a Corporate Transaction, the Option or shares of Restricted
Stock become fully vested, the Administrator, with the consent of the Optionee, may (but is not obligated to) provide for a cash payment in exchange for such Option or shares of Restricted Stock. 
 10. Withholding Obligations. The Company’s obligation to issue or deliver Shares underlying the Option shall be subject to
satisfaction of applicable federal, state, local and foreign tax withholding requirements. No later than the date as of which an amount first becomes includible in the Optionee’s gross income for federal income tax purposes (the “Tax
Date”) with respect to the Option, the Optionee shall pay to the Company, or make arrangements satisfactory to the Company regarding the payment of, any federal, state, local or foreign taxes of any kind required by law to be withheld with
respect to such amount. At the request of the Optionee, withholding obligations may be settled with Common Stock that is part of the Option that gives rise to the withholding requirement. The obligations of the Company under the Option shall be
conditional on such payment or arrangements, and the Company shall, to the extent permitted by law, have the right to deduct any such taxes from any payment otherwise due to the Optionee. 
 The Optionee may satisfy any withholding tax requirements by one or any combination of the following means: (i) tendering a cash payment or
(ii) authorizing the Company to withhold Shares otherwise issuable to the Optionee under the Option (the “Share Withholding Election”). (See Appendix B, “Notice of Withholding Election”) 
 A Share Withholding Election is subject to the following requirements: the election must be in writing and delivered to the Company prior to the Tax
Date; (ii) the election shall be irrevocable by the Optionee; provided, however, that the Optionee may change the method for satisfying subsequent withholding obligations by making a subsequent irrevocable withholding election that shall take
effect no earlier than 6 months from the date such subsequent withholding election is made. 
  

 6 

 11. Amendment and Termination of Agreement. The Board may at any time amend, alter, suspend
or terminate the Agreement, provided that no amendment, alteration, suspension or termination of the Agreement shall impair the rights of the Optionee, unless mutually agreed otherwise between the Optionee and the Administrator, which agreement must
be in writing and signed by the Optionee and the Company. 
 12. Conditions Upon Issuance of Shares. 
 (a) Legal Compliance. Shares shall not be issued pursuant to the exercise of this Option unless the exercise of this Option and the
issuance and delivery of such Shares shall comply with Applicable Laws and shall be further subject to the approval of counsel for the Company with respect to such compliance. The Company represents that as of the grant date of this Option, there is
no legal impediment to the Company’s filing of the Form S-8 with respect to the common stock underlying the Option or to the continued effectiveness of such Form S-8. 
 (b) Investment Representations. As a condition to the exercise of an Option, the Company may require the Optionee to represent and
warrant at the time of any such exercise that the Shares are being purchased only for investment and without any present intention to sell or distribute such Shares if, in the opinion of counsel for the Company, such a representation is required.

 13. Reservation of Shares. The Company, during the term of this Agreement, shall at all times reserve and keep available
such number of Shares as shall be sufficient to satisfy the requirements of the Agreement. 
 14. Entire Agreement; Governing
Law. This Agreement and the attached Appendices A, B, and C and the applicable terms of the Severance and Change of Control Agreement, constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in
their entirety all prior undertakings and agreements of the Company and Optionee with respect to the subject matter hereof, and may not be modified adversely to the Optionee’s interest except by means of a writing signed by the Company and
Optionee. In the event of a conflict between this Agreement or the Notice of Grant and the Severance and Change of Control Agreement, the terms of the Severance and Change in Control Agreement shall prevail. This Agreement and the attached
Appendices are governed by the internal substantive laws, but not the choice of law rules, of California. 
 Any legal action or other legal
proceeding relating to this Agreement shall be brought or otherwise commenced in any state or federal court located in Santa Clara County, California and both parties expressly and irrevocably consent and submit to the jurisdiction of each state and
federal court located in Santa Clara County, California (and each appellate court located in the State of California), in connection with any such legal proceeding; agree not to assert (by way of motion, as a defense or otherwise), in any such legal
proceeding commenced in any state or federal court located in Santa Clara County, California, any claim that the party is not subject personally to the jurisdiction of such court, that such legal proceeding has been brought in an inconvenient forum,
that the venue of such proceeding is improper or that this Agreement or the subject matter of this Agreement may not be enforced in or by such court. 
  

 7 

 15. NO GUARANTEE OF CONTINUED SERVICE. OPTIONEE ACKNOWLEDGES AND AGREES THAT THE VESTING OF
SHARES PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS AN EMPLOYEE AT THE WILL OF THE COMPANY (AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED AN OPTION OR PURCHASING SHARES HEREUNDER). OPTIONEE FURTHER ACKNOWLEDGES AND
AGREES THAT THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED EMPLOYMENT FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND SHALL NOT
INTERFERE WITH OPTIONEE’S RIGHT OR THE COMPANY’S RIGHT TO TERMINATE OPTIONEE’S EMPLOYMENT AT ANY TIME, WITH OR WITHOUT CAUSE. 
 The Company’s obligation to deliver the Shares upon exercise of the Option as provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or
other claim, right or action which the Company may have against the you or others, except as otherwise specifically provided for in this Agreement. 
 All legal fees and expenses which may reasonably incur as a result of any dispute or contest between Optionee and the Company with respect to the validity or enforceability of, or liability under, any provision of this Agreement, or any
guarantee of performance thereof, shall be paid, by the non-prevailing party in such dispute or contest. Notwithstanding the previous sentence, if the Optionee is terminated as described in Section 3(b) of Optionee’s Severance and Change
of Control Agreement, the Company shall pay Optionee’s legal fees with respect to any dispute or contest arising under this Agreement (irrespective of the outcome thereof). 
 By Optionee’s signature and the signature of the Company’s representative below, Optionee and the Company agree that this Option is granted
under and governed by the terms and conditions of this Agreement. Optionee has reviewed this Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement and fully understands all provisions
of this Agreement. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions relating to the Agreement. Optionee further agrees to notify the Company upon any change in
the residence address indicated below. 
  

					
	OPTIONEE:	 		 	PHOENIX TECHNOLOGIES LTD.
			
	 /s/ Richard Arnold
	 		 	 /s/ Scott C. Taylor

	Signature	 		 	By
			
	  
	 		 	  

	Print Name	 		 	Title
			
	  
	 		 	
	Residence Address	 		 	
			
	  
	 		 	

  

 8 

 APPENDIX A 
 EXERCISE NOTICE 
 Phoenix Technologies Ltd. 
 915 Murphy Ranch Road 
 Milpitas, CA 95035 
 Attention: Secretary 
 1 Exercise of Option. Effective as of today,
                    , 20    , the undersigned (“Purchaser”) hereby elects to purchase
             Shares of Common Stock under the Agreement. The purchase price for the Shares shall be $            ,
as required by the Agreement. 
 2 Delivery of Payment. Purchaser herewith delivers to the Company the full purchase price for the
Shares. 
 3 Representations of Purchaser. Purchaser acknowledges that Purchaser has received, read and understood the Agreement and
agrees to abide by and be bound by their terms and conditions. 
 4 Rights as Stockholder. Until the issuance (as evidenced by the
appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company) of the Shares, no right to vote or receive dividends or any other rights as a stockholder shall exist with respect to the Optioned Shares,
notwithstanding the exercise of the Option. The Shares so acquired shall be issued to the Optionee as soon as practicable after exercise of the Option, but in no event more than five business days after the Optionee has properly exercised the
Option. No adjustment will be made for a dividend or other right for which the record date is prior to the date of issuance, except as provided in Section 9 of this Agreement. 
 5 Tax Consultation. Purchaser understands that Purchaser may suffer adverse tax consequences as a result of Purchaser’s purchase or
disposition of the Shares. Purchaser represents that Purchaser has consulted with any tax consultants Purchaser deems advisable in connection with the purchase or disposition of the Shares and that Purchaser is not relying on the Company for any tax
advice. 
  

 9 

					
	Submitted by:	 		 	Accepted by:
			
	PURCHASER:	 		 	PHOENIX TECHNOLOGIES LTD.
			
	  
	 		 	  

	Signature	 		 	By
			
	  
	 		 	  

	Print Name	 		 	Its
			
	Address:	 		 	Address:
	  
	 		 	915 Murphy Ranch Road Milpitas, CA 95035
			
	  
	 		 	  

		 		 	Date Received

  

 10 

 APPENDIX B 
 NOTICE OF WITHHOLDING ELECTION 
 TO:
Phoenix Technologies Ltd. 
 FROM: 
 RE: WITHHOLDING ELECTION 
 This Notice of Withholding Election is made in
accordance with Section 10 of the Agreement. Capitalized terms used in this Notice of Withholding Election without definition shall have the meanings given to them in the Agreement. 
 I hereby certify the following: 
 1. My correct name, taxpayer identification number and current address are
set forth at the end of this Notice of Withholding Election. 
 2. I am the original recipient (or his/her beneficiary or authorized
representative) of the Option which covers              Shares of the Company’s Common Stock. 
 3. This Notice of Withholding Election relates to              Shares of the Common Stock that are to be exercised on
             (the “Tax Date”). The number set forth above shall be deemed changed as appropriate to reflect adjustments in the Company’s capitalization as in
accordance with the Agreement. 
 4. I hereby elect to have the Company withhold that number of Shares of Common Stock with a Fair Market
Value equal to the amount required to satisfy the withholding obligations arising upon the exercise of the number of Shares set forth in paragraph 3 above. 
 5. This Notice of Withholding Election is made prior to the Tax Date and is otherwise properly made pursuant to Section 10 of the Agreement. 
 6. I understand that this Notice of Withholding Election may not be revised, amended or revoked by me and shall remain in effect to satisfy future
withholding obligations unless I make a timely election for such future withholding obligations. 
 7. I have read and understand the
Agreement and I have no reason to believe that any of the conditions therein to the making of this election have not been met. 
  

 11 

							
	  
	 		 	  

	Signature	 		 	Date
			
	  
	 		 	  

	Print Name	 		 	Taxpayer Identification No.
				
	Address:	 	  
	 		 	
				
		 	  
	 		 	
				
		 	  
	 		 	

  

 12

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