Document:

Exhibit 10.4

 

[Form
Of]

 

Eagle
Savings Bank 

Amended
and Restated 

Supplemental
Director Retirement Plan

 

RECITALS:

 

WHEREAS,
Eagle Savings Bank, an Ohio corporation, (the “Bank”), has previously adopted the Eagle Savings Bank Supplemental
Director Retirement Plan (the “Prior Plan”) effective as of July 1, 2010; and

 

WHEREAS,
in connection with the conversion of the Bank from the mutual to the stock form of organization, the Bank desires to amend and
restate the Prior Plan in order to make certain changes; and

 

WHEREAS,
Section 6.4 of the Prior Plan provides that the plan may be amended from time to time and this Eagle Savings Bank Amended and
Restated Supplemental Director Retirement Plan (the “Plan”) shall supersede and replace the Prior Plan.

 

NOW, THEREFORE, the Bank hereby amends and restates
the Plan as follows:

 

ARTICLE
I

GENERAL

 

		1.1	Purpose of the Plan.
                                         The purpose of this Plan is to reward certain management and highly compensated members
                                         of the Board of Directors of the Bank who have contributed to the Bank’s success
                                         and are expected to continue to contribute to such success in the future.

 

		1.2	Plan Benefits Generally.
                                         Pursuant to the Plan, the Bank may provide to each Participant, as defined herein
                                         below, such benefit as provided on the terms and conditions contained in the Plan and
                                         the Participant’s individual Participation Agreement.

 

		1.2	Effective
                                         Date. The Plan was originally effective as of July 1, 2010, and the Plan is amended
                                         and restated as of January 1, 2017.

 

ARTICLE
II

DEFINITIONS

 

		2.1	Accrued Benefit Liability.
                                         Accrued Benefit Liability shall mean with respect to each Participant, the amount
                                         of accrued liability for the Participant at the time of Separation from Service. For
                                         purposes of this Plan and the Participation Agreement, the Accrued Benefit Liability
                                         shall mean the amount accrued by the Bank to fund the future benefit expense associated
                                         with this Plan and Participation Agreement as it relates to a specific Participant. The
                                         Bank shall account for this benefit using Generally Accepted Accounting Principles, regulatory
                                         accounting guidance of the Bank’s primary federal regulator, and other applicable
                                         accounting guidance, including APB 12 and FAS 106. Accordingly, the Bank shall establish
                                         a liability retirement account for the Director into which appropriate accruals shall
                                         be made using a reasonable discount rate, which is at least equal to the Applicable Federal
                                         Rate (AFR), and which may be adjusted from time to time.

 

2.2          Administrator.
Administrator shall mean the Bank as defined herein.

 

		2.3	Beneficiary. Beneficiary
                                         means the person or persons designated by a Participant as his beneficiary in accordance
                                         with the provisions of Article V and subject to the Participation Agreement. Each Participant
                                         may at any time, and from time to time, change any previous Beneficiary designation,
                                         without notice to or consent from any previously designated Beneficiary, by amending
                                         their previous designation of a form prescribed by the Administrator. If no person shall
                                         be designated by the Participant as a Beneficiary, or if the designated Beneficiary shall
                                         not

 

     

     

    

 

 

survive
the Participant, payment of their interest shall be made to the Participant’s estate.

 

		2.4	Board. Board means the Board of Directors of the
Bank.

 

		2.5	Cause. Cause shall have the meaning set forth in
Section 4.2.

 

	2.6	Change in Control.
                                         Provided that such definition shall be interpreted in a manner that is consistent
                                         with Code Section 409A and regulations thereunder, a “Change in Control”
                                         of the Bank (which, for purpose of this Section 2.6 shall mean Eagle Savings Bank but
                                         not any of its affiliates or subsidiaries) shall mean the first to occur of any of the
                                         following;

 

(a)       the
date that any one person or persons acting as a group acquires ownership of Bank stock constituting more than fifty percent (50%)
of the total fair market value or total voting power of the Bank;

 

(b)       the
date that any one person or persons acting as a group acquires (or has acquired during the 12-month period ending on the date
of the most recent acquisition by such person or persons) ownership of the stock of the Bank possessing thirty percent (30%) or
more of the total voting power of the stock of the Bank;

 

(c)       the
date that any one person or persons acting as a group acquires (or has acquired during the 12-month period ending on the date
of the most recent acquisition by such person or persons) assets from the Bank that have a total gross fair market value equal
to or more than forty percent (40%)) of the total gross fair market value of all of the assets of the Bank immediately prior to
such acquisition; or

 

(d)       the
date that a majority of members of the Bank’s Board is replaced during any 12-month period by directors whose appointment
or election is not endorsed by a majority of the members of the Board prior to the date of the appointment or elections.

 

Notwithstanding
anything in this Plan to the contrary, in no event shall a conversion of the Bank from the mutual to the stock form of organization
constitute a “Change in Control for purposes of this Plan.

 

	2.7	ERISA. The Employee
                                         Retirement Income Security Act of 1974, as amended from time to time.

 

	2.8	Director. Director
                                         means an employee of the Bank who is considered part of a select group of management
                                         or highly compensated employee of the Bank and is designated by the Administrator as
                                         eligible to participate in the Plan.

 

		2.9	Normal Retirement. Normal
                                         Retirement means Participant’s Separation of Service for any reason, other than
                                         for Cause, after such Participant has reached their Normal Retirement Age.

 

		2.10	Normal Retirement
                                         Age. Normal Retirement Age means the normal retirement age set forth in the Participant’s
                                         Participation Agreement.

 

	2.11	Participant. Participant
                                         means any Director who elects to participate in the Plan by entering into a Participation
                                         Agreement in accordance herewith. The Administrator may, from time to time in its sole
                                         discretion, with Cause, revoke a Participant’s participation in the Plan upon ninety
                                         (90) days’ written notice. The Administrator may from time to time, in its sole
                                         discretion without Cause, revoke a Participant’s participation upon the mutual
                                         consent of the Participant and Administrator.

 

	2.12	Participation Agreement.
                                         Participation Agreement means a written agreement between the Bank and a Participant,
                                         pursuant to which the Bank agrees to make a SERP Benefit payment, or payments, in accordance
                                         with the Plan and the Participation Agreement. Each Participation Agreement shall contain
                                         such information, terms and conditions as the Administrator in its

 

    	 	2	 

     

    

 

 

discretion
may specify, including without limitation, the following:

 

		(a)	the effective date of the Participant’s participation
                                         in the Plan;

 

		(b)	the Participant’s Normal Retirement Age;

 

		(c)	the SERP Benefits to which the Participant is entitled under
                                         the Plan and, the form such benefits are to be paid in (i.e. installments or lump sum);

 

		(d)	the identity of the
                                         Participant’s Beneficiary; and

 

		(e)	any other provisions which supplement the terms and conditions
                                         contained in the Plan and which are not inconsistent with the terms and conditions of
                                         the Plan.

 

	2.13	Plan. Plan means
                                         Eagle Savings Bank Supplemental Director Retirement Plan as the same may be amended from
                                         time to time.

 

	2.14	Plan Year. Plan
                                         Year shall mean calendar year.

 

	2.15	Separation from Service.
                                         As provided by regulations promulgated under the Internal Revenue Code Section 409A,
                                         a Participant shall incur a Separation from Service with the Service Recipient due to
                                         death, Board retirement or other Board termination related to the status of a Participant
                                         as Director with the Service Recipient unless the relationship is treated as continuing
                                         intact while the individual is on military leave, sick leave, or other bona fide leave
                                         of absence if the period of such leave does not to exceed six months, or if longer, so
                                         long as the individual retains a right to reemployment with the Service Recipient under
                                         an applicable statute or by contract.

 

		2.16	SERP Benefit. SERP
                                         Benefit means, with respect to each Participant, an annual cash benefit in the amount
                                         determined pursuant to the Participant’s Participation Agreement, minus any offset
                                         amounts specified therein.

 

		2.17	Service Recipient.
                                         As provided by regulations promulgated under Code Section 409A, Service Recipient shall
                                         mean the Bank or person for whom the services are performed and with respect to whom
                                         the legally binding right to compensation arises, and all persons with whom such person
                                         would be considered a single Bank under Code Section 414(b) (employees of controlled
                                         group of corporations), and all persons with whom such person would be considered a single
                                         Bank under Code Section 414(c) (employees of partnerships, proprietorships, etc., under
                                         common control).

 

		2.18	Vesting. The Participant’s
                                         ownership rights in the SERP Benefit shall arise, or vest, solely with the occurrence
                                         of those conditions precedent to Vesting as contained in the Participation Agreement.

 

ARTICLE
III

ELIGIBILITY AND PARTICIPATION

 

		3.1	Eligibility. The Administrator,
                                         in its sole discretion, shall from time to time determine those Director(s) who shall
                                         be eligible to participate in the Plan.

 

	3.2	Participation.
                                         Each Director who is eligible to participate in the Plan shall enroll in the Plan by
                                         entering into a Participation Agreement and completing such other forms and furnishing
                                         such other information as the Administrator may request. A Director’s participation
                                         in the Plan shall commence as of the date specified in the Participation Agreement.

 

ARTICLE
IV

BENEFITS

 

		4.1	SERP Benefit. Each
                                         Participant, subject to the terms and conditions of his Participation

 

    	 	3	 

     

    

 

 

Agreement,
shall become entitled to receive such benefits as set forth in the executed Participation Agreement.

 

		4.2	No Benefits Payable
                                         Upon Separation from Service for Cause. Notwithstanding anything herein or in the
                                         Participation Agreement to the contrary, no benefits shall be payable, at the discretion
                                         of the Bank, to any Participant who has a Separation from Service for Cause. For purposes
                                         hereof, a Participant who has a Separation from Service for any of the following reasons
                                         shall be regarded as having been terminated for Cause:

 

		(a)	engaging in willful or grossly negligent misconduct that
                                         is materially injurious to the Bank;

 

		(b)	embezzlement or misappropriation of funds or property of
                                         the Bank;

 

		(c)	conviction of a felony or the entrance
                                         of a plea of guilty or nolo contendere to a felony;

 

		(d)	conviction of any crime involving
                                         fraud, dishonesty, moral turpitude or breach of trust or the entrance of a plea of guilty
                                         to such a crime;

 

		(e)	failure or refusal by the Participant
                                         to devote full business time and attention to the performance of his or her duties and
                                         responsibilities if such breach has not been cured within fifteen (15) days after notice
                                         is given to the Participant; or

 

		(f)	issuance of a final non-appealable
                                         order or other direction by a Federal or state regulatory agency prohibiting the Participant’s
                                         employment in the business of banking.

 

		4.3	Distributions to Specified Employee. Notwithstanding
                                         anything herein to the contrary, if any Participant is a Specified Employee upon a Separation
                                         from Service for any reason other than death, distributions to such Participant shall
                                         not commence until the first day of the seventh month following the date of Separation
                                         from Service (or, if earlier, the date of death of the Participant). If distributions
                                         are to be made in annual installments, the second installment and all those thereafter
                                         will be made on the applicable anniversaries of the Participant’s Separation from
                                         Service. A “Specified Employee” means a key employee (as defined in Code
                                         Section 416(i) without regard to paragraph (5) thereof) of a corporation any stock which
                                         is publicly traded on an established securities market or otherwise.

 

ARTICLE V

BENEFICIARY

 

		5.1	Beneficiary. For purposes of this section, the Participant’s
                                         executed Participation Agreement shall dictate the Participant’s rights and responsibilities
                                         regarding the Participant’s Beneficiary.

 

ARTICLE VI

PLAN ADMINISTRATION

 

		6.1	Administration.

 

(a)       General.
The Plan shall be administered by the Administrator. The Administrator shall have sole and absolute discretion to interpret where
necessary all provisions of the Plan and each Participation Agreement (including, without limitation, by supplying omissions from,
correcting deficiencies in, or resolving inconsistencies or ambiguities in, the language of the Plan, a Participation Agreement,
or between the Plan and a Participation Agreement), to determine the rights and status under the Plan of Participants or other
persons, to resolve questions or disputes arising under the Plan and to make any determinations with respect to the benefits payable
under the Plan and the persons entitled thereto as may be necessary for the purposes of the Plan. The

 

    	 	4	 

     

    

 

 

Administrator’s
determination of the rights of any Director or former Director hereunder shall be final and binding on all persons, subject only
to the claims procedures outlined in Article 7 hereof.

 

(b)       Delegation
of Duties. The Administrator may delegate any of its administrative duties, including, without limitation, duties with respect
to the processing, review, investigation, approval and payment of benefits payable hereunder, to a named administrator or administrators.

 

		6.2	Regulations. The Administrator
                                         may promulgate any rules and regulations it deems necessary in order to carry out the
                                         purposes of the Plan or to interpret the provisions of the Plan; provided, however, that
                                         no rule, regulation or interpretation shall be contrary to the provisions of the Plan.
                                         The rules, regulations and interpretations made by the Administrator shall, subject only
                                         to the claims procedure outlined in Article 7 hereof, be final and binding on all persons.

 

		6.3	Revocability of Administrator/Bank
                                         Action. Any action taken by the Administrator with respect to the rights or benefits
                                         under the Plan of any Director or former Director shall be revocable by the Administrator
                                         as to payments not yet made to such person in order to correct any incorrect payment
                                         to a Participant or a Beneficiary, and then only to the extent necessary to correct such
                                         error. Acceptance of any benefits under the Plan constitutes acceptance of, and agreement
                                         to, the Administrator’s making any appropriate adjustments in future payments to
                                         such person (or to recover from such person) any excess payment or underpayment previously
                                         made to such person.

 

		6.4	Amendment or Modification.

The
Bank may, at any time, in its sole discretion, amend or modify the Plan in whole or in part, except that no such amendment or
modification shall have any retroactive effect to reduce any vested amounts allocated to a Participant’s Accounts, and provided
that such amendment or modification complies with Codes Section 409A and related regulations thereunder. The Plan replaces and
supersedes the Prior Plan in its entirety. 

 

		6.5	Plan Termination.

The
Bank further reserves the right to terminate the Plan in whole or in part, in the following manner, except that no such termination
shall have any retroactive effect to reduce any amounts allocated to a Participant’s vested SERP Benefit account and provided
that such termination complies with Codes Section 409A and related regulations thereunder:

 

(a)       The
Bank, in its sole discretion, may terminate the Plan and distribute Participants’ vested SERP Benefit amounts no earlier
than twelve (12) calendar months from the date of the Plan termination and no later than twenty-four (24) calendar months from
the date of the Plan termination, provided however that all other similar arrangements are also terminated by the Bank and no
other similar arrangements are adopted by the Bank within a three (3) year period from the date of termination; or

 

(b)       The
Bank may decide, in its discretion, to terminate the Plan in the event of a Change-in-Control and distribute the Participant’s
vested SERP Benefit no earlier than thirty (30) days prior to the Change-in-Control and no later than twelve (12) months after
the effective date of the Change-in-Control, provided however that the Bank terminates all other similar arrangements.; or

 

(c)
The Bank may decide, in its sole discretion, to terminate the Plan in the event of a corporate dissolution taxed under Code Section
331. or with the approval of a bankruptcy court, provided that the Participant’s vested SERP Benefit are distributed to
Participants and are included in the Participants’ gross income in the latest of: (i) the calendar year in which the termination
occurs; (ii) the calendar year in which the amounts deferred are no longer subject to a substantial risk of forfeiture; or (iii)
the first calendar year in which payment is administratively practicable.

 

		6.6	Withholding. The Bank
                                         shall deduct from any distributions hereunder any taxes or other amounts required by
                                         law to be withheld therefrom.

 

    	 	5	 

     

    

  

ARTICLE VII

MISCELLANEOUS

 

		7.1	Administrator.
                                         The Administrator is expressly empowered to interpret the Plan and to determine all questions
                                         arising in the administration, interpretation, and application of the Plan; to employ
                                         actuaries, accountants, counsel, and other persons it deems necessary in connection with
                                         the administration of the Plan; to request any information from the Bank it deems necessary
                                         to determine whether the Bank would be considered insolvent or subject to a proceeding
                                         in bankruptcy; and to take all other necessary and proper actions to fulfill its duties
                                         as Administrator. The Administrator is relieved of all responsibility in connection with
                                         its duties hereunder to the fullest extent permitted by law, except any breach of duty
                                         to the Participants or Beneficiaries. If any individual person shall have been delegated
                                         the duties or responsibilities as Administrator, such person shall not be liable for
                                         any actions by him or her hereunder unless due to his or her own gross negligence or
                                         willful misconduct and shall be indemnified and saved harmless by the Bank from and against
                                         all personal liability to which he or she may be subject by reason of any act done or
                                         omitted to be done in his or her official capacity as Administrator in good faith in
                                         the administration of the Plan, including all expenses reasonably incurred in his or
                                         her defense in the event the Bank fails to provide such defense upon the request.

 

		7.2	No Assignment.
                                         No benefit under the Plan or a Participation Agreement shall be subject in any manner
                                         to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, or charge,
                                         and any such action shall be void for all purposes of the Plan or a Participation Agreement.
                                         No benefit shall in any manner be subject to the debts, contracts, liabilities, engagements,
                                         or torts of any person, nor shall it be subject to attachments or other legal

 

		7.3	No Employment Rights.
                                         Participation in this Plan and execution of a Participation Agreement shall not be
                                         construed to confer upon any Participant the legal right to be retained in the employ
                                         of the Bank, or give a Participant or Beneficiary, or any other person, any right to
                                         any payment whatsoever, except to the extent of the benefits provided for hereunder.
                                         Each Participant shall remain subject to discharge to the same extent as if this Plan
                                         had never been adopted and the Participation Agreement had never been executed.

 

		7.4	Incompetence. If the
                                         Administrator determines that any person to whom a benefit is payable under this Plan
                                         is incompetent by reason of physical or mental disability, the Administrator shall have
                                         the power to cause the payments becoming due to such person to be made to another individual
                                         for the Participant’s benefit without responsibility of the Administrator to see
                                         to the application of such payments. Any payment made pursuant to such power shall, as
                                         to such payment, operate as a complete discharge of the Bank, the Administrator, and
                                         their representatives.

 

		7.5	Identity. If, at any
                                         time, any doubt exists as to the identity of any person entitled to any payment hereunder
                                         or the amount or time of such payment, the Administrator shall be entitled to hold such
                                         sum until such identity or amount or time is determined or until an order of a court
                                         of competent jurisdiction is obtained. The Administrator shall also be entitled to pay
                                         such sum into court in accordance with the appropriate rules of law. Any expenses incurred
                                         by the Bank or Administrator incident to such proceeding or litigation shall be charged
                                         against the SERP Benefit of the affected Participant.

 

		7.6	No
                                         Liability. No liability shall attach to or be incurred by any employee of the Bank
                                         or Administrator individually under or by reason of the terms, conditions, and provisions
                                         contained in this Plan, or for the acts or decisions taken or made hereunder or in connection
                                         therewith; and, as a condition precedent to the establishment of this Plan or the receipt
                                         of benefits hereunder, or both, such liability, if any, is expressly waived and released
                                         by each Participant and by any and all persons claiming under or through any Participant
                                         or any other person. Such waiver and release shall be conclusively evidenced by any act
                                         or participation in or the acceptance of benefits or the making of any election under
                                         this Plan.

 

		7.7	Expenses. Except as
                                         otherwise provided in the Plan, all expenses incurred in the administration of

 

    	 	6	 

     

    

  

the
Plan shall be paid by the Bank.

 

		7.8	Amendment and Termination.
                                         The Bank shall have the sole authority to modify, amend, or terminate this Plan subject
                                         to those limitations provided hereinabove.

 

		7.9	Bank Determinations.
                                         Any determinations, actions, or decisions of the Bank (including but not limited
                                         to. Plan amendments and Plan termination and the Participation Agreement) shall be made
                                         by the Board in accordance with its established procedures or by such other individuals,
                                         groups, or organizations that have been properly delegated by the Board to make such
                                         determination or decision.

 

		7.10	Construction. All questions
                                         of interpretation, construction or application arising under or concerning the terms
                                         of this Plan and any Participation Agreement shall be decided by the Administrator, in
                                         its sole and final discretion, whose decision shall be final, binding and conclusive
                                         upon all persons.

 

		7.11	Governing Law. To the
                                         extent not preempted by federal law, this Plan shall be governed by, construed and administered
                                         under the laws of the State of Ohio.

 

		7.12	Severability. Should
                                         any provision of the Plan or any regulations adopted hereunder be deemed or held to be
                                         unlawful or invalid for any reason, such fact shall not adversely affect the other provisions
                                         or regulations unless such invalidity shall render impossible or impractical the functioning
                                         of the Plan and, in such case, the appropriate parties shall immediately adopt a new
                                         provision or regulation to take the place of the one held illegal or invalid.

 

		7.13	Headings. The
                                         headings contained in the Plan are inserted only as a matter of convenience and for reference
                                         and in no way define, limit, enlarge, or describe the scope or intent of this Plan nor
                                         in any way shall they affect this Plan or the construction of any provision thereof.

 

		7.14	Terms. Capitalized
                                         terms shall have meanings as defined herein. Singular nouns shall be read as plural,
                                         masculine pronouns shall be read as feminine, and vice versa, as appropriate.

 

		7.15	Ownership
                                         of Assets; Relationship with Bank. Nothing contained in the Plan, and no action taken
                                         pursuant to its provisions, shall create or be construed to create a trust of any kind
                                         or a fiduciary relationship between the Bank and any Participant or any other person.
                                         To the extent that any person acquires a right to receive payments from the Bank under
                                         this Plan, such right shall be no greater than the right of an unsecured general creditor
                                         of the Bank.

 

		7.16	Deposits in Trust.
                                         The Bank may, at its sole discretion, establish with a corporate trustee a grantor
                                         rabbi trust under which all or a portion of the assets of the Plan are to be held, administered
                                         and managed. The trust agreement evidencing the trust shall conform to the terms of Revenue
                                         Procedure 92-64 or any successor procedure. The Bank in its sole discretion may make
                                         deposits to augment the principal of such trust.

 

		7.17	Right of Setoff.
                                         The Bank may, to the extent permitted by applicable law, deduct from and setoff against
                                         any amounts payable to a Participant from this Plan such amounts as may be owed by a
                                         Participant to the Bank, although the Participant shall remain liable for any part of
                                         the Participant’s payment obligation not satisfied through such deduction and setoff;
                                         provided, however, that this setoff may occur only at the date on which the amount would
                                         otherwise be distributed to the Participant as required by Code Section 409A. By electing
                                         to participate in the Plan and deferring compensation hereunder, the Participant agrees
                                         to any deduction or setoff under this Section 8.17 which is allowed by law.

 

		7.18	409A Compliance. This
                                         Plan will, at all times, be operated in good faith compliance with Code Section 409A
                                         of the Code and regulations thereunder (and any subsequent IRS notices or guidance).
                                         In the event that any provision of this Plan is inconsistent with Code Section 409A or
                                         such guidance, then the applicable provisions of Code Section 409A shall supersede such
                                         provision.

 

    	 	7	 

     

    

  

Nothing
herein shall be construed as an entitlement to our guarantee of any particular tax treatment to a Participant.

 

Executed this _____ day of __________, 2017.

 

	 	EAGLE SAVINGS BANK
	 	 	 	 
	 	By:	 	 

	 	Title: 	 	 

 

    	 	8EX-10.1

 Exhibit 10.1 

RESTRICTED STOCK UNIT AGREEMENT (PERFORMANCE SHARES) 

PURSUANT TO THE 
 CIVITAS
SOLUTIONS, INC. 2014 OMNIBUS INCENTIVE PLAN 
 * * * * * 

Participant:    [                   
 ] 
 Grant
Date:    [                    ] 

Target Number of Restricted Stock Units (the “Target RSUs”):    
[                    ] 
 Maximum Number
of Shares of Common Stock that may be issued pursuant to this Agreement (the “Maximum
Shares”):    [                    ]1 

* * * * * 
 THIS RESTRICTED STOCK
UNIT AWARD AGREEMENT (PERFORMANCE SHARES) (this “Agreement”), dated as of the Grant Date specified above, is entered into by and between Civitas Solutions, Inc., a corporation organized in the State of Delaware (the
“Company”), and the Participant specified above, pursuant to the Civitas Solutions, Inc. 2014 Omnibus Incentive Plan, as in effect and as amended from time to time (the “Plan”), which is administered by the
Committee; and 
 WHEREAS, it has been determined under the Plan that it would be in the best interests of the Company to grant the
Restricted Stock Units (“RSUs”) provided herein to the Participant. 
 NOW, THEREFORE, in consideration of the mutual
covenants and promises hereinafter set forth and for other good and valuable consideration, the parties hereto hereby mutually covenant and agree as follows: 

1.    Incorporation By Reference; Plan Document Receipt. This Agreement is subject in all respects to
the terms and provisions of the Plan (including, without limitation, any amendments thereto adopted at any time and from time to time unless such amendments are expressly intended not to apply to the Restricted Stock Unit Award provided hereunder),
all of which terms and provisions are made a part of and incorporated in this Agreement as if they were each expressly set forth herein. Any capitalized term not defined in this Agreement shall have the same meaning as is ascribed thereto in the
Plan. The Participant hereby acknowledges receipt of a true copy of the Plan and that the Participant has read the Plan carefully and fully understands its content. In the event of any conflict between the terms of this Agreement and the terms of
the Plan, the terms of this Agreement shall control. 
 2.    Grant of Restricted Stock Unit Award.
The Company hereby grants to the Participant, as of the Grant Date specified above, the number of Target RSUs specified above, with the actual number of shares of Common Stock to be issued pursuant to this Award 

 

	1 	 NTD: Maximum number of shares to equal 200% of the target.

 
contingent upon satisfaction of the vesting conditions described in Section 3 hereof, subject to Section 4, which may not exceed the Maximum
Shares. The grant of the RSUs is intended to constitute a Performance Award for purposes of Article IX of the Plan. Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement
provides, or is intended to provide, the Participant with any protection against potential future dilution of the Participant’s interest in the Company for any reason, and no adjustments shall be made for dividends in cash or other property,
distributions or other rights in respect of the shares of Common Stock underlying the RSUs, except as otherwise specifically provided for in the Plan or this Agreement. 

3.    Vesting. 

(a)    The RSUs subject to this Award shall be subject to both a time-based vesting condition (the “Time-Based
Condition”) and a performance-based vesting condition (the “Performance Condition”), as described herein. Except as expressly provided herein, none of the RSUs (or any portion thereof) shall be “vested” for
purposes of this Agreement unless and until both the Time-Based Condition and the Performance Condition for such RSUs are satisfied. The number of RSUs that are “vested” for purposes of this Agreement at any time shall equal the product of
(i) the number of the RSUs that have satisfied the Time-Based Condition and (ii) the percentage level at which the Performance Condition has been satisfied. 

(i)    The Time-Based Condition for the RSUs shall be satisfied on September 30,
[            ], subject to the Participant not incurring a Termination prior to such date. There shall be no proportionate or partial satisfaction of the Time-Based Condition prior
to such date, except as specifically provided in this Agreement. 
 (ii)    The percentage level at which the
Performance Condition is satisfied shall be based upon the Company’s “Incremental ROIC”. First, the Company’s Incremental ROIC shall be determined as of the Performance Period ending September 30,
[            ], as further described below. This result is expressed as a percentage. Next, this actual Incremental ROIC shall be compared to the proposed Target level of Incremental
ROIC, which is also expressed as a percentage. Finally, the level at which the Performance Condition is satisfied shall be based upon this comparison, as provided in the table below, and the number of RSUs that satisfy the Performance Condition
shall be determined by multiplying the number of Target RSUs granted hereunder by the percentage at which the Performance Condition is satisfied. 

INCREMENTAL ROIC 
  

							
	 Level of Performance
	  	Actual Incremental
ROIC as Compared
to Target
Incremental ROIC	 	  	Percentage for which the Performance
Condition is Satisfied
	 Threshold
	  	 	87% of Target	 	  	50%
	 Target
	  	 	100% of Target	 	  	100%
	 Maximum
	  	 	113% of Target	 	  	200%

  
 2 

 The “Target” level associated with Incremental ROIC shall be established by the Committee, and will be
communicated in writing separately to the Participant by the Company within thirty (30) days following the date first above written. 
 For the
avoidance of doubt, in no event shall the Performance Condition be deemed satisfied unless actual Incremental ROIC equals or exceeds the threshold level provided in the table above. To the extent that actual Incremental ROIC is between the threshold
and target levels or between the target and maximum levels described in the table above, the percentage at which the Performance Condition is satisfied shall be determined on a pro rata basis using straight-line interpolation. In no event will the
percentage at which the Performance Condition is satisfied exceed 200%. 
 For example. Suppose that actual Incremental ROIC, when compared to the Target
Incremental ROIC level, results in the percentage comparison of 93.5%. The percentage at which the Performance Condition is satisfied would be 75%. The maximum number of RSUs that could vest hereunder would be 75% of the number of Target RSUs listed
above, but would still be subject to the satisfaction of the Time-Based Condition. If the Time-Based Condition is not satisfied, then no RSUs will vest. 

For purposes of this Section 3(a): 

“Average Incremental Earnings” means the excess of (i) the average Earnings for each fiscal year of the Company ending
on September 30, [    ] (“FY[    ]”), September 30, [        ] (“FY[    ]”) and
September 30, [        ] (“FY[    ]”) (i.e., total Earnings for each such fiscal year, divided by 3) over (ii) Earnings for the fiscal year ending
September 30, [        ] (“FY[    ]”). 

“Average Incremental Invested Capital” means the excess of (i) the average Invested Capital for each of
FY[    ], FY[    ] and FY[    ] (i.e., the total Invested Capital for each such fiscal year, divided by 3) over (ii) Invested Capital for the fiscal year ending
September 30, [        ]. 
 “Earnings” for any fiscal year means
“income from operations” (EBIT) as provided in the Consolidated Statements of Operations in the Company’s Form 10-K for such fiscal year, multiplied by (1 - the “effective tax rate”),
where the “effective tax rate” of the Company for a fiscal year is determined by dividing the “Provision (benefit) for income taxes” by the “Income (loss) from continuing operations before income taxes”, as each of
these are provided in the Consolidated Statements of Operations in the Company’s Form 10-K for such fiscal year, plus the “amortization expense” for the fiscal year being calculated, as such
amount is reported in the footnotes to the Company’s audited financial statements in the Company’s Form 10-K for such fiscal year. 

“Invested Capital” for a particular fiscal years means (i) “total assets” as shown on the Company’s
consolidated balance sheets as provided in the Company’s Form 10-K for such fiscal year, plus (ii) the “accumulated amortization” for such fiscal year as reported in the “Goodwill and
Intangible Assets” footnote in the Company’s Form 10-K for such fiscal year, minus (iii) “total current liabilities” as shown on the Company’s consolidated balance sheets as provided
in the Company’s Form 10-K for such fiscal year. 

  
 3 

 “Incremental ROIC” equals (i) Average Incremental Earnings, divided by
(ii) Average Incremental Invested Capital. 
 Following the end of FY[    ], the Committee shall determine Incremental ROIC
in its reasonable discretion. Both the target and actual amount of Incremental ROIC shall be adjusted by the Committee to take into account any changes in accounting methods, corporate transactions (including, without limitation, dispositions and
acquisitions) and other similar type events or circumstances, as determined by the Committee in its reasonable discretion. 

(b)    Change in Control. For the avoidance of doubt, and except as specifically provided in Section 3(c)
below, (i) a Change in Control shall not result in the accelerated vesting of either the Time-Based Condition or the Performance Condition, and (ii) in connection with a Change in Control or any other event described in Section 4.2 of
the Plan, the Committee shall have the discretion to adjust the RSUs and the Performance Condition as provided in the Plan. 

(c)    Forfeiture. 

(i)    Other than as set forth in this Section 3(c), RSUs for which the Time-Based Condition has not been
satisfied prior to a Participant’s Termination shall be immediately forfeited upon such Termination and the Participant shall have no further rights to such RSUs hereunder. 

(ii)    Notwithstanding the prior paragraph, in the event of the Participant’s Termination (x) by the
Participant for “Good Reason”, (y) by the Company other than for “Cause” or (z) due to the Participant’s “Retirement”, in each case following October 1,
[        ], the Time-Based Condition shall be immediately satisfied in a prorated amount (rounded down to the nearest whole number of RSUs) equal to the product of (i) the Target RSUs and
(ii) the percent as determined in accordance with the table below. 
  

					
	Date of Termination	  	Percent	 
	 Between October 1, [        ] and
September 30, [        ]
	  	 	33.33%	 
	 Between October 1, [        ] and
September 30, [        ]
	  	 	66.66%	 
	 On or after October 1, [        ]
	  	 	100%	 

 To the extent that any RSUs have satisfied the Time-Based Condition as of the Participant’s Termination, such RSUs shall
remain outstanding until the end of the Performance Period and shall have the opportunity to vest at such time determined based upon the percentage level at which the Performance Condition is satisfied. 

(iii)    Notwithstanding the foregoing, in the event of the Participant’s Termination due to the Participant’s
death or Disability, the Time-Based Condition for all of the RSUs shall be immediately satisfied in full and the Performance Condition shall be immediately satisfied at 100%. 

  
 4 

 (iv)    Notwithstanding the foregoing, in the event of the
Participant’s Termination (x) by the Participant for Good Reason, or (y) by the Company other than for “Cause”, in each case within the two (2) year period following a Change in Control, the Time-Based Condition for all
of the RSUs shall be immediately satisfied in full and the Performance Condition shall be immediately satisfied at 100%. 

(v)    For purposes of this agreement, “Cause” and “Good Reason” shall have the meaning
given such term in the definitive employment agreement between the Participant and the Company or any of its subsidiaries, provided, however that if there is no such agreement or no such defined term exists, no Termination shall be deemed to be
without “Cause” or for “Good Reason” hereunder. For purposes of this Agreement, “Retirement” shall mean a Termination by the Participant following the date that either (x) the Participant has reached age
sixty (60) (or such younger age with the consent of the Committee) and has completed ten (10) years of service with the Company, or (y) the Participant has reached age sixty five (65) (or such younger age with the consent of the Committee)
and has completed at least five (5) years of service with the Company, in each case as determined by the Committee. 

(vi)    Any RSUs that do not become fully vested as of the end of the Performance Period shall expire immediately
following the date that the Committee determines the level at which the Performance Condition is satisfied. 

4.    Delivery of Shares. Following the satisfaction of both the Time-Based Condition and the
Performance Condition with respect to any part of the RSUs granted hereunder, the Participant shall receive the number of shares of Common Stock that correspond to the number of such RSUs, which shall be delivered no later than March 15 of the
calendar year following the calendar year in which or with respect to which both such vesting conditions were satisfied. 

5.    Dividends; Rights as Stockholder. Cash dividends on shares of Common Stock issuable hereunder
shall be credited to a dividend book entry account on behalf of the Participant with respect to each RSU granted to the Participant, provided that such cash dividends shall not be deemed to be reinvested in shares of Common Stock and shall be held
uninvested and without interest and paid in cash at the same time that the shares of Common Stock underlying the RSUs are delivered to the Participant in accordance with the provisions hereof. Stock dividends on shares of Common Stock shall be
credited to a dividend book entry account on behalf of the Participant with respect to each RSU granted to the Participant, provided that such stock dividends shall be paid in shares of Common Stock at the same time that the shares of Common Stock
underlying the RSUs are delivered to the Participant in accordance with the provisions hereof. Except as otherwise provided herein, the Participant shall have no rights as a stockholder with respect to any shares of Common Stock covered by any RSU
unless and until the Participant has become the holder of record of such shares. 
 6.    Non-Transferability. No portion of the RSUs may be sold, assigned, transferred, encumbered, hypothecated or pledged by the Participant, other than to the Company as a result of forfeiture of the RSUs as
provided herein, unless and until payment is made in respect of vested RSUs in accordance with the provisions hereof and the Participant has become the holder of record of the vested shares of Common Stock issuable hereunder. 

  
 5 

 7.    Governing Law. All questions concerning the
construction, validity and interpretation of this Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware, without regard to the choice of law principles thereof. 

8.    Withholding of Tax. The Company shall have the power and the right to deduct or withhold, or
require the Participant to remit to the Company, an amount sufficient to satisfy any federal, state, local and foreign taxes of any kind (including, but not limited to, the Participant’s FICA and SDI obligations) which the Company, in its sole
discretion, deems necessary to be withheld or remitted to comply with the Code and/or any other applicable law, rule or regulation with respect to the RSUs and, if the Participant fails to do so, the Company may otherwise refuse to issue or transfer
any shares of Common Stock otherwise required to be issued pursuant to this Agreement. Any minimum statutorily required withholding obligation with regard to the Participant may be satisfied by reducing the amount of cash or shares of Common Stock
otherwise deliverable to the Participant hereunder. 
 9.    Legend. The Company may at any
time place legends referencing any applicable federal, state or foreign securities law restrictions on all certificates representing shares of Common Stock issued pursuant to this Agreement. The Participant shall, at the request of the Company,
promptly present to the Company any and all certificates representing shares of Common Stock acquired pursuant to this Agreement in the possession of the Participant in order to carry out the provisions of this Section 9.

 10.    Securities Representations. This Agreement is being entered into by the Company in
reliance upon the following express representations and warranties of the Participant. The Participant hereby acknowledges, represents and warrants that: 

(a)    The Participant has been advised that the Participant may be an “affiliate” within the meaning of Rule
144 under the Securities Act and in this connection the Company is relying in part on the Participant’s representations set forth in this Section 10. 

(b)    If the Participant is deemed an affiliate within the meaning of Rule 144 of the Securities Act, the shares of
Common Stock issuable hereunder must be held indefinitely unless an exemption from any applicable resale restrictions is available or the Company files an additional registration statement (or a “re-offer
prospectus”) with regard to such shares of Common Stock and the Company is under no obligation to register such shares of Common Stock (or to file a “re-offer prospectus”). 

(c)    If the Participant is deemed an affiliate within the meaning of Rule 144 of the Securities Act, the Participant
understands that (i) the exemption from registration under Rule 144 will not be available unless (A) a public trading market then exists for the Common Stock of the Company, (B) adequate information concerning the Company is then
available to the public, and (C) other terms and conditions of Rule 144 or any exemption therefrom are complied with, and (ii) any sale of the shares of Common Stock issuable hereunder may be made only in limited amounts in accordance with
the terms and conditions of Rule 144 or any exemption therefrom. 
 11.    Entire Agreement;
Amendment. This Agreement, together with the Plan, contains the entire agreement between the parties hereto with respect to the subject matter 

  
 6 

 
contained herein, and supersedes all prior agreements or prior understandings, whether written or oral, between the parties relating to such subject matter. The Committee shall have the right, in
its sole discretion, to modify or amend this Agreement from time to time in accordance with and as provided in the Plan. This Agreement may also be modified or amended by a writing signed by both the Company and the Participant. The Company shall
give written notice to the Participant of any such modification or amendment of this Agreement as soon as practicable after the adoption thereof. 

12.    Notices. Any notice hereunder by the Participant shall be given to the Company in writing and
such notice shall be deemed duly given only upon receipt thereof by the General Counsel of the Company. Any notice hereunder by the Company shall be given to the Participant in writing and such notice shall be deemed duly given only upon receipt
thereof at such address as the Participant may have on file with the Company. 
 13.    No Right to
Employment. Any questions as to whether and when there has been a Termination and the cause of such Termination shall be determined in the sole discretion of the Committee. Nothing in this Agreement shall interfere with or limit in any way
the right of the Company, its Subsidiaries or its Affiliates to terminate the Participant’s employment or service at any time, for any reason and with or without Cause. 

14.    Transfer of Personal Data. The Participant authorizes, agrees and unambiguously consents to
the transmission by the Company (or any Subsidiary) of any personal data information related to the RSUs awarded under this Agreement for legitimate business purposes. This authorization and consent is freely given by the Participant. 

15.    Compliance with Laws. The grant of RSUs and the issuance of shares of Common Stock hereunder
shall be subject to, and shall comply with, any applicable requirements of any foreign and U.S. federal and state securities laws, rules and regulations (including, without limitation, the provisions of the Securities Act, the Exchange Act and in
each case any respective rules and regulations promulgated thereunder) and any other law, rule regulation or exchange requirement applicable thereto. The Company shall not be obligated to issue the RSUs or any shares of Common Stock pursuant to this
Agreement if any such issuance would violate any such requirements. As a condition to the settlement of the RSUs, the Company may require the Participant to satisfy any qualifications that may be necessary or appropriate to evidence compliance with
any applicable law or regulation. 
 16.    Section 409A. Notwithstanding anything herein or in the
Plan to the contrary, the RSUs are intended to be exempt from the applicable requirements of Section 409A of the Code and shall be limited, construed and interpreted in accordance with such intent as is reasonable under the circumstances. 

17.    Binding Agreement; Assignment. This Agreement shall inure to the benefit of, be binding upon,
and be enforceable by the Company and its successors and assigns. The Participant shall not assign (except in accordance with Section 6 hereof) any part of this Agreement without the prior express written consent of the
Company. 

  
 7 

 18.    Headings. The titles and headings of the various
sections of this Agreement have been inserted for convenience of reference only and shall not be deemed to be a part of this Agreement. 

19.    Counterparts. This Agreement may be executed in one or more counterparts and by facsimile or
other electronic submission, each of which shall be deemed to be an original, but all of which shall constitute one and the same instrument. 

20.    Further Assurances. Each party hereto shall do and perform (or shall cause to be done and
performed) all such further acts and shall execute and deliver all such other agreements, certificates, instruments and documents as either party hereto reasonably may request in order to carry out the intent and accomplish the purposes of this
Agreement and the Plan and the consummation of the transactions contemplated thereunder. 

21.    Severability. The invalidity or unenforceability of any provisions of this Agreement in any
jurisdiction shall not affect the validity, legality or enforceability of the remainder of this Agreement in such jurisdiction or the validity, legality or enforceability of any provision of this Agreement in any other jurisdiction, it being
intended that all rights and obligations of the parties hereunder shall be enforceable to the fullest extent permitted by law. 

22.    Acquired Rights. The Participant acknowledges and agrees that: (a) the Company may
terminate or amend the Plan at any time; (b) the Award of RSUs made under this Agreement is completely independent of any other award or grant and is made at the sole discretion of the Company; (c) no past grants or awards (including,
without limitation, the RSUs awarded hereunder) give the Participant any right to any grants or awards in the future whatsoever; and (d) any benefits granted under this Agreement are not part of the Participant’s ordinary salary, and shall
not be considered as part of such salary in the event of severance, redundancy or resignation. 

*  *  *  *  * 

  
 8 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written
above. 
  

			
	CIVITAS SOLUTIONS, INC.
		
	By:	 	              

	Name:	 	
                 

	Title:	 	              

	
	PARTICIPANT
		
	Name:	 	      

 Signature Page to Restricted Stock Unit Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00268-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00268-of-00352.parquet"}]]