Document:

Exhibit

Exhibit 10.4

CRESTWOOD EQUITY PARTNERS LP
2018 LONG TERM INCENTIVE PLAN
Restricted Unit Award Agreement
This Restricted Unit Award Agreement (this “Agreement”) is made and entered into as of the Date of Grant set forth in the Restricted Unit Award Grant Notice (“Notice of Grant”) by and between Crestwood Equity GP LLC, a Delaware limited liability company (the “General Partner”), and the individual listed on the Notice of Grant (“you” or “Service Provider”).  Capitalized terms used but not specifically defined herein shall have the meanings specified in the Notice of Grant or the Crestwood Equity Partners LP 2018 Long Term Incentive Plan (the “Plan”), as applicable.
WHEREAS, Crestwood Equity Partners LP, a Delaware limited partnership (the “Partnership”), acting through the Board of Directors of the General Partner (the “Board”), has adopted the Plan under which the General Partner is authorized to grant Restricted Units to certain Service Providers of the Partnership; 
         WHEREAS, the Partnership, in order to induce you to enter into and to continue to dedicate service to the Partnership and to materially contribute to the success of the Partnership, agrees to grant you the Restricted Unit Award; 
         WHEREAS, a copy of the Plan and the Notice of Grant have both been furnished to you and shall be deemed a part of this Agreement as if fully set forth herein; and 
     WHEREAS, you desire to accept the Restricted Unit Award made pursuant to this Agreement.
NOW, THEREFORE, in consideration of and mutual covenants set forth herein and for other valuable consideration hereinafter set forth, the parties agree as follows:
1.The Grant.  Subject to the conditions set forth below, the Partnership hereby grants you effective as of the Date of Grant set forth in the Notice of Grant, as a matter of separate inducement but not in lieu of any salary or other compensation for your services to the Partnership, an Award consisting of the aggregate number of Restricted Units set forth in the Notice of Grant in accordance with the terms and conditions set forth in this Agreement, the Notice of Grant, and the Plan.
2.Rights of Service Provider.  The Partnership shall evidence the Restricted Unit Award in the manner that it deems appropriate.  The Partnership may issue in your name a certificate or certificates representing the Restricted Units granted pursuant to this Agreement and retain that certificate or those certificates until the restrictions on such Restricted Units granted pursuant to this Agreement expire as contemplated in Section 4 of this Agreement or are forfeited as contemplated in Sections 3 and 5. If the Partnership certificates the Restricted Units granted pursuant to this Agreement, you shall execute one or more unit powers in blank for those certificates and deliver those unit powers to the Partnership. The Partnership shall hold the Restricted Units granted pursuant to this Agreement and the related unit powers pursuant to the terms of this Agreement, if applicable, until such time as (a) a certificate or certificates for such Restricted Units are delivered 

to you, (b) such Restricted Units are otherwise transferred to you free of restrictions, or (c) such Restricted Units are canceled and forfeited pursuant to this Agreement. Notwithstanding the foregoing, the Service Provider shall have all the voting rights, if any, with respect to the Restricted Units granted pursuant to this Agreement and the right to receive any distributions made by the Partnership with regard to a Restricted Unit granted pursuant to this Agreement (a “Unit Distribution Right” or “UDR”).  Any Unit Distribution Rights payments will be made to the Service Provider in the same form as paid to unitholders on or promptly following the date that the Partnership pays such distribution to unitholders (however, in no event shall the payment be made later than 30 days following the date on which the Partnership pays such distribution to unitholders generally).  Notwithstanding the date of payment, the Service Provider will vest in such Unit Distribution Right as of the record date for such distribution.  No interest will accrue on any such right between the issuance of the distribution to unitholders generally and the settlement of the Unit Distribution Right.
3.Restrictions; Forfeiture.  Except as provided in the Plan, the Restricted Unit award is restricted in that it may not be sold, transferred or otherwise alienated or hypothecated until these restrictions are removed or expire as contemplated in Section 4 of this Agreement and as described in the Notice of Grant.  The Restricted Unit Award is also restricted in the sense that it may be forfeited to the Partnership (the “Forfeiture Restrictions”) as described in Section 5 of this Agreement.  You hereby agree that if all or a portion of the Restricted Unit Award is forfeited as provided in Section 5, the Partnership shall have the right to deliver the forfeited Restricted Units to the Partnership’s transfer agent for cancellation. 
4.Expiration of Restrictions and Risk of Forfeiture.  The Forfeiture Restrictions will expire and the Restricted Unit Award will become transferable and nonforfeitable as set forth in the Notice of Grant, provided that you remain a Service Provider to the Partnership or its Affiliates continuously from the Date of Grant until the applicable dates set forth therein.
		
	5.
	Terminations of Services.

a.    Termination Generally.  Except as otherwise provided in the Notice of Grant and subject to Section 5(b) below, if your service relationship with the General Partner, the Partnership or their respective Affiliates is terminated for any reason, then the portion of the Restricted Unit Award for which the Forfeiture Restrictions has not lapsed as of the date of termination shall become null and void and such Restricted Units shall be cancelled.  The portion of the Restricted Unit Award for which the Forfeiture Restrictions has lapsed as of the date of such termination shall not be cancelled.
b.    Effect of Employment Agreement.  Notwithstanding any provision herein to the contrary, in the event of any inconsistency between Section 5(a) and the terms of any employment agreement entered into by and between you the General Partner, the Partnership or any of their respective Affiliates, the terms of such employment agreement shall control.
6.Leave of Absence.  With respect to the Restricted Unit Award, the General Partner, the Partnership or any of their respective Affiliates, as applicable, may, in their sole discretion, determine that if you are on a leave of absence for any reason, you will be considered to still be a Service 

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Provider to the General Partner, the Partnership, or any of their respective Affiliates; provided, that rights to the Restricted Unit Award during a leave of absence will be limited to the extent to which those rights were earned or vested when the leave of absence began.
7.Delivery of Units.  Promptly following the expiration of the Forfeiture Restrictions, the Partnership shall cause to be issued and delivered to you or your designee a certificate or other evidence of the number of Units as to which the Forfeiture Restrictions have lapsed, free of any restricted legend relating to the lapsed restrictions, upon receipt by the Partnership of any tax withholding as may be required pursuant to Section 8.  The value of such Units shall not bear any interest owing to the passage of time.
8.Payment of Taxes.  The Partnership may require you to pay to the Partnership (or an Affiliate of the Partnership if you are a Service Provider to an Affiliate of the Partnership) an amount the Partnership deems necessary to satisfy its (or its Affiliates’) current or future obligation to withhold federal, state or local income or other taxes that you incur as a result of the Restricted Unit Award.  With respect to any required tax withholding, you may (a) direct the Partnership to withhold from the Restricted Units to be issued to you under this Agreement the number of Units necessary to satisfy the Partnership’s obligation to withhold taxes, the determination of which will be based on the Units’ Fair Market Value at the time such determination is made; (b) deliver to the Partnership Units sufficient to satisfy the Partnership’s tax withholding obligations, based on the Units’ Fair Market Value at the time such determination is made; (c) deliver cash to the Partnership sufficient to satisfy its tax withholding obligations; or (d) satisfy such tax withholding through any combination of (a), (b) and (c). If you desire to elect to use the Unit withholding option described in subparagraph (a) or (b), you must make the election at the time and in the manner the Partnership prescribes. The Partnership, in its discretion, may deny your request to satisfy its tax withholding obligations using a method described under subparagraph (a) or (b). In the event the Partnership determines that the aggregate Fair Market Value of the Restricted Units withheld as payment of any tax withholding obligation is insufficient to discharge that tax withholding obligation, then you must pay to the Partnership, in cash, the amount of that deficiency immediately upon the Partnership’s request.
9.Compliance with Securities Laws; Partnership Policies.  Notwithstanding any provision of this Agreement to the contrary, the issuance of Units will be subject to compliance with all applicable requirements of federal, state, or foreign law with respect to such securities and with the requirements of any securities exchange or market system upon which the Restricted Units may then be listed. No Units will be issued hereunder if such issuance would constitute a violation of any applicable federal, state, or foreign securities laws or other law or regulations or the requirements of any securities exchange or market system upon which the Units may then be listed. In addition, Units will not be issued hereunder unless (a) a registration statement under the Securities Act of 1933, as amended (the “Act”), is at the time of issuance in effect with respect to the Units issued or (b) in the opinion of legal counsel to the Partnership, the Units issued may be issued in accordance with the terms of an applicable exemption from the registration requirements of the Act. The inability of the Partnership to obtain from the applicable securities exchange or any regulatory body having jurisdiction the authority, if any, deemed by the Partnership’s legal counsel to be necessary for the issuance and sale of any Units subject to the Restricted Unit Award to be in compliance with securities exchange requirements and applicable law will relieve the Partnership of any liability in respect of 

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the failure to issue such Units as to which such requisite authority has not been obtained. As a condition to any issuance hereunder, the Partnership may require you to satisfy any qualifications that may be necessary or appropriate to evidence compliance with any applicable law or regulation and to make any representation or warranty with respect to such compliance as may be requested by the Partnership. From time to time, the Board and appropriate officers of the General Partner are authorized to take the actions necessary and appropriate to file required documents with governmental authorities, securities exchanges, and other appropriate Persons to make Units available for issuance. You hereby agree not to sell any Units acquired pursuant to this Restricted Unit Award in violation of the Partnership’s securities trading policy or in violation of any federal, state, or foreign law.
10.Legends.  The Partnership may at any time place legends referencing any restrictions imposed on the Units pursuant to Sections 3 and 9 of this Agreement on all certificates representing Units issued with respect to this Restricted Unit Award.
11.Clawback.  Notwithstanding any provisions in the Plan or this Agreement to the contrary, any portion of the payments and benefits provided under this Agreement or the sale of the Units granted hereunder shall be subject to any clawback policy adopted by the General Partner, including any such policy adopted to conform to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and rules promulgated thereunder by the Securities and Exchange Commission, and including any such clawback policies adopted with retroactive effect.
12.Right of the Partnership and its Affiliates to Terminate Services.  Nothing in this Agreement confers upon you the right to continue as a Service Provider for the Partnership or its Affiliates, or interfere in any way with the rights of the Partnership or its Affiliates to terminate your service relationship at any time.
13.Furnish Information.  You agree to furnish to the Partnership all information requested by the Partnership to enable it to comply with any reporting or other requirements imposed upon the Partnership by or under any applicable statute or regulation.
14.No Liability for Good Faith Determinations.  The Partnership and the members of the Board shall not be liable for any act, omission or determination taken or made in good faith with respect to this Agreement or the Restricted Unit Award.
15.Executions of Receipts and Releases.  Any payment of cash or any issuance or transfer of Restricted Units or other property to you, or to your legal representative, heir, legatee or distributee in accordance with the provisions hereof, shall, to the extent thereof, be in full satisfaction of all claims of such Persons hereunder. The Partnership may require you or your legal representative, heir, legatee or distributee, as a condition precedent to such payment or issuance, to execute a release and receipt therefor in such form as it shall determine.
16.No Guarantee of Interests.  The Board and the Partnership do not guarantee the Restricted Units from loss or depreciation.

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17.Partnership Records.  Records of the Partnership the General Partner or any of their respective Affiliates regarding your period of service, termination of service and the reason(s) therefor, leaves of absence, re-employment, and other matters shall be conclusive for all purposes hereunder, unless determined by the Partnership to be incorrect.
18.Notice.  All notices required or permitted under this Agreement must be in writing and personally delivered or sent by mail and shall be deemed to be delivered on the date on which it is actually received by the Person to whom it is properly addressed or if earlier, the date it is sent via certified United States mail or reputable overnight delivery service (charges prepaid). 
19.Waiver of Notice.  Any Person entitled to notice hereunder may waive such notice in writing.
20.Successors.  The Partnership may assign any of its rights under this Agreement without your consent. This Agreement shall be binding upon and inure to the benefit of the successors and assigns of the General Partner and the Partnership. Subject to the restrictions on transfer set forth herein and in the Plan, this Agreement and the Forfeiture Restrictions shall be binding upon and enforceable against you and your beneficiaries, executors, administrators and the person(s) to whom the Restricted Unit Award may be transferred by domestic relations order, will or the laws of descent or distribution.
21.Severability.  If any provision of this Agreement is held to be illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining provisions hereof, but such provision shall be fully severable and this Agreement shall be construed and enforced as if the illegal or invalid provision had never been included herein.
22.Partnership or Committee Action.  Any action required of the Partnership or the General Partner shall be by resolution of the Board or Committee or by a Person or entity authorized to act by resolution of the Board or Committee.
23.Headings.  The titles and headings of Sections are included for convenience of reference only and are not to be considered in construction of the provisions hereof.
24.Governing Law.  All questions arising with respect to the provisions of this Agreement shall be determined by application of the laws of the State of Delaware, without giving any effect to any conflict of law provisions thereof, except to the extent Delaware state law is preempted by federal law. The obligation of the Partnership to sell and deliver Units hereunder is subject to applicable laws and to the approval of any governmental authority required in connection with the authorization, issuance, sale, or delivery of such Units.
25.Consent to Jurisdiction and Venue.  You hereby consent and agree that state courts located in Harris County, Texas and the United States District Court for the Southern District of Texas each shall have personal jurisdiction and proper venue with respect to any dispute between you and the Partnership arising in connection with the Restricted Unit Award or this Agreement. In any dispute with the Partnership, you will not raise, and you hereby expressly waive, any objection or defense to any such jurisdiction as an inconvenient forum.

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26.Amendment.  This Agreement may be amended by the Board or by the Committee at any time in a manner consistent with Section 7(a) of the Plan.
27.Terms of Agreement.  This Agreement is subject to all the terms, conditions, limitations and restrictions contained in this Agreement, the Plan, and the Notice of Grant.  Except as provided in Section 5(b) of this Agreement, together, the Agreement, Plan, and Notice of Grant constitute the entire agreement of the parties with regard to the subject matter hereof, and contain all the covenants, promises, representations, warranties and agreements between the parties with respect to the Restricted Units granted hereby.  Without limiting the scope of the preceding sentence, all prior understandings and agreements, if any, among the parties hereto relating to the subject matter hereof are hereby null and void and of no further force and effect.

6Exhibit

Exhibit 10.2

CONSOL ENERGY INC.
DEFERRED COMPENSATION PLAN FOR NON-EMPLOYEE DIRECTORS

		
	1.
	Purpose and Effective Date.  The purpose of this Plan is to provide the non-employee members of the Board of Directors (the “Board”) of Consol Energy Inc., and its successors (the “Company”) with an opportunity to defer payment of all or a portion of their annual cash and/or stock compensation and to encourage them to acquire additional shares of the Company’s common stock.  The Plan shall be effective as of September 25, 2018 (the “Effective Date”). The Plan is established in connection with the CONSOL Energy Inc. Omnibus Performance Incentive Plan (the “Equity Plan”).  Unless otherwise defined in the Plan, capitalized terms used in the Plan shall have the same meanings assigned to them in the Equity Plan. 

		
	2.
	Definitions.  Except as otherwise provided for herein or in the Equity Plan, the following terms shall have the meanings given in this section unless a different meaning is clearly implied by the context: 

		
	a)
	“Cash Compensation” means any compensation payable to a Director in cash for serving as a member of the Board, a Board committee or as a Committee Chair or Board Chair, but excluding any expense reimbursements.

		
	b)
	“Change in Control” means “Change in Control” as defined in the Equity Plan.

		
	c)
	“Compensation Committee” means the Compensation Committee of the Board.

		
	d)
	“Deferred Compensation Account” means an account maintained for each Director who makes a deferral election as described in Section 4.

		
	e)
	“Deferred Stock Unit” means a Stock Unit that is received by a Participant pursuant to this Plan and provides for the deferred receipt of such compensation.

		
	f)
	“Director Compensation” means Director Cash Compensation and Restricted Stock Units, or any other equity-based compensation payable to Directors eligible for deferral, as approved by the Board.

		
	g)
	“Eligible Director” shall mean a director who is not an employee of the Company or any of its Affiliates.

		
	h)
	“Equity Plan” means the Consol Energy Omnibus Performance Incentive Plan as it may be amended or restated from time to time, or, to the extent applicable, any future or successor equity compensation plan of the Company.

		
	i)
	“Participant” means an Eligible Director who elects to participate in the Plan.

		
	j)
	“Fair Market Value” means “Fair Market Value” as defined in the Equity Plan.

		
	k)
	“Plan” means the Consol Energy Inc. Deferred Compensation Plan for Non-Employee Directors.

		
	l)
	“Plan Year” means a calendar year or, with respect to the year in which the Effective Date occurs, the portion of such calendar year occurring from and after the Effective Date.

		
	m)
	“Plan Administrator” means the Board.

		
	n)
	“Section 409A” means “Section 409A” as defined in the Equity Plan.

		
	o)
	“Separation from Service” means “Separation from Service” as defined in the Equity Plan.

		
	p)
	“Shares” means “Shares” as defined in the Equity Plan.  

		
	q)
	“Restricted Stock Unit” means an economic unit equal in value to one Share (or fraction thereof) of Company common stock.

		
	3.
	Eligibility.  All Eligible Directors shall be eligible to participate in the Plan.

		
	4.
	Election to Defer Director Compensation.

		
	a)
	Manner and Amount of Deferral Election.  An Eligible Director may elect to defer receipt of all or a specified portion of his or her Director Compensation by giving written notice on an election form provided by the Plan Administrator specifying the amount of the deferral, subject to reasonable limitations established by the Plan Administrator on such deferrals, including but not limited to minimum and increment percentage amounts.  An Eligible Director’s election to defer is irrevocable and may not be changed, except as may be provided in the election form.

		
	b)
	Time of Election.  Elections to defer the Director Compensation shall be made at the following times:

		
	i.
	An Eligible Director may elect to defer Director Compensation at such time or times during the calendar year as permitted by the Plan Administrator; provided, however, that generally deferral elections shall be required to be completed and submitted to the Plan Administrator on or before the December 31 of the calendar year preceding the calendar year for which the Director’s Compensation relates.  Such election shall be effective for Cash Compensation earned and Restricted Stock Units granted in the following calendar year(s). Initially, all deferral elections will be made only once a year.

		
	ii.
	The deferral election shall include (i) the designation and portion of the Award to be deferred; (ii) the date on which settlement of the deferred Award shall be made or commence (which may be a fixed date such as the Participant’s attainment of a particular age or the Participant’s termination of service for any reason); and (iii) whether settlement shall be made on a single date or in installments over a period not to exceed five years from the Director’s termination of service with the Company and subject to earlier settlement as described in Section 6 below. 

		
	iii.
	A nominee for election to Director (who is not at the time of nomination a sitting Director and was not previously eligible to participate in this Plan) may elect to defer Director Compensation no later than 30 days after the date of the Director’s commencement of services as an Eligible Director.  Such deferral election shall be effective for Cash Compensation earned and Restricted Stock Units granted following 

the later of (i) the date of the Eligible Director’s commencement of services as an Eligible Director and (ii) the date an irrevocable election form is filed with the Company.

		
	c)
	Duration of Deferral Election.  A deferral election shall apply to one Plan Year only and Participants shall be required to make a new deferral election prior to each Plan Year in order to implement a deferral election for such Plan Year.

		
	5.
	Deferred Compensation Accounts.  The Company shall establish on its books and records a Deferred Compensation Account for each Participant, as provided below.

		
	a)
	Crediting of Cash Compensation “deferred.”  Deferred Cash Compensation shall be credited to the Participant’s Deferred Compensation Account in the form of Deferred Stock Units effective as of the Annual Meeting date.  Effective on such date, the Company shall credit the Deferred Compensation Account with a number of Deferred Stock Units determined by dividing (i) the portion of the Cash Compensation that the Participant elected to defer, by (ii) the Fair Market Value of the Shares on such date, rounded down to the nearest whole Deferred Stock Unit.  No fractional Deferred Stock Units will be credited to a Participant’s account.  Unused cash attributable to a fractional Deferred Stock Unit will be refunded to the Participant in cash as soon as practicable following the original payment date.  A Participant will be fully vested in each Deferred Stock Unit that relates to deferred Cash Compensation.

		
	b)
	Crediting of Restricted Stock Units “deferred.”  Deferred Restricted Stock Units shall be credited to the Participant’s Deferred Compensation Account in an equal amount of Deferred Stock Units reflecting awards generally made on the day of the Annual Meeting.  The Deferred Stock Units related to such deferred Restricted Stock Units shall be subject to the same vesting or other forfeiture restrictions that would have otherwise applied to such Restricted Stock Units.  In the event the Participant forfeits Deferred Stock Units in accordance with the foregoing, the Participant’s Deferred Compensation Account shall be debited for the number of Deferred Stock Units forfeited.

		
	c)
	Dividend Equivalents.  Each Deferred Stock Unit credited to a Participant’s Deferred Compensation Account shall carry with it a right to receive dividend equivalents in respect of the Shares underlying such Deferred Stock Unit.  Dividend equivalents shall be credited to Participants Deferred Compensation Account(s) on the Company’s applicable dividend payment date based on the number of Deferred Stock Units, whether vested or unvested, held in the Director’s Deferred Compensation Account on the applicable Company record date.  No fractional dividend equivalents will be credited to a Participant’s account and the number of whole Shares relating to dividend equivalents to which a Director may be entitled may be rounded down to achieve such result. The dividend equivalent right associated with a Deferred Stock Unit shall remain outstanding until the delivery to the Participant of the Shares underlying such Deferred Stock Unit.

		
	d)
	Adjustment of Deferred Stock Units.  The Board is authorized to make adjustments in the terms and conditions of, and the criteria included in, Deferred Stock Units in recognition of unusual or nonrecurring events (including, without limitation, the events described in Section 3(c) of the Equity Plan) affecting the Company, any Affiliate, or the financial statements of the Company or any Affiliate, or of changes in applicable laws, regulations, or accounting principles, whenever the Board determines that such adjustments are appropriate; 

provided that no such adjustment shall be authorized to the extent that such authority would be inconsistent with the Plan’s meeting the requirements of Section 409A.

		
	6.
	Payment of Deferred Compensation.

		
	a)
	Distributions.  Unless otherwise set forth in a Participant’s deferral election form, the Deferred Stock Units shall be settled (or commence settlement if an installment method is elected) and delivered (or commence delivery) on the earliest to occur of:

    
		
	i.
	within 30 days following the Participant’s Separation from Service;

		
	ii.
	on or within 30 days following a Change in Control;

		
	iii.
	within 90 days following the Participant’s Disability; or

		
	iv.
	within 90 days following the Participant’s death.

Notwithstanding the foregoing, in no event will settlement and delivery occur later than a fixed date specified by the Participant in his or her deferral election form which shall not exceed the fifth (5th) anniversary of the Participant’s Separation from Service; provided further that if the Participant’s installment distribution has commenced, followed by a Change in Control or the Participant’s death, distribution of any Deferred Stock Units not yet settled shall be accelerated and settlement of such Shares shall occur within 30 days of the Change in Control or death.

Notwithstanding anything to the contrary in the Plan, if on the date of the Participant’s Separation from Service, the Participant is a “specified employee” within the meaning of Section 409A, the payment will occur on the later to occur of (x) the scheduled distribution date, and (y) the first day of the seventh month following the date of the Participant’s Separation from Service or, if earlier, the date of the Participant’s death.

		
	b)
	Medium of Payment.  Payments from the Deferred Compensation Account shall be made in whole Shares of common stock for each whole Deferred Stock Unit, and in cash for any fractional Deferred Stock Unit; provided, that, the Company may choose in its discretion to pay the Participant cash in lieu of all or a portion of the Shares.  Deferred Stock Units issued to and Shares of common stock paid to Participants under the Plan shall be issued and paid in accordance with the Equity Plan. 

		
	7.
	Unfunded Promise to Pay; No Segregation of Funds or Assets.  Nothing in this Plan shall require the segregation of any assets of the Company or any type of funding by the Company, it being the intention of the parties that the Plan be an unfunded arrangement for federal income tax purposes.  No Participant shall have any rights to or interest in any specific assets or the Shares by reason of the Plan, and any Participant’s rights to enforce payment of the obligations of the Company hereunder shall be those of a general creditor of the Company.

		
	8.
	Nonassignability; Beneficiary Designation.  The right of a Participant to receive any unpaid portion of the Participant’s Deferred Compensation Account shall not be assigned, transferred, pledged or encumbered or subjected in any manner to alienation or anticipation.  However, in the event of a Participant’s death, the Company will pay the unpaid portion of the Participant’s Deferred Compensation Account to the Participant’s designated beneficiaries.  If the Participant fails to complete a valid beneficiary designation, the Participant’s beneficiary will be his or her estate.

		
	9.
	Administration.  The Plan will be administered under the supervision of the Plan Administrator.  The Plan Administrator will prescribe guidelines and forms for the implementation and administration of the Plan, interpret the terms of the Plan, and make all other substantive decisions regarding the operation of the Plan.  The Plan Administrator’s decisions in its administration of the Plan are conclusive and binding on all persons.

		
	10.
	Construction.  The Plan is intended to comply with Section 409A and any regulations and guidance thereunder and shall be interpreted and operated in accordance with such intent.  Notwithstanding anything to the contrary in the Plan, neither the Company, its affiliates, the Board, nor the Compensation Committee will have any obligation to take any action to prevent the assessment of any excise tax or penalty on any Participant under Section 409A, and neither the Company, its affiliates, the Board, nor the Compensation Committee will have any liability to any Participant for such tax or penalty.  The laws of the State of Delaware shall govern all questions of law arising with respect to the Plan, without regard to the choice of law principles of any jurisdiction, except where the laws governing the Plan are preempted by the laws of the United States.  The Plan is intended to be construed so that the participation in the Plan will be exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to regulations and interpretations issued from time to time by the Securities and Exchange Commission.  If any provision of the Plan is held to be illegal or void, such illegality or invalidity shall not affect the remaining provisions of the Plan, but shall be fully severable, and the Plan shall be construed and enforced as if the illegal or invalid provision had never been inserted.  This document constitutes the entire Plan, and supersedes any prior oral or written agreements on the subject matter hereof.

		
	11.
	Amendment and Termination.  The Board may amend, suspend, or terminate the Plan at any time and for any reason.  No amendment, suspension, or termination will, without the consent of the Participant, materially impair rights or obligations under any Deferred Stock Units previously awarded to the Participant under the Plan, except as provided below.  The Board may terminate the Plan and distribute the Deferred Compensation Accounts to Participants in accordance with and subject to the rules of Treas. Reg. Section 1.409A-3(j)(4)(ix), or successor provisions, and any generally applicable guidance issued by the Internal Revenue Service permitting such termination and distribution.

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