Document:

Exhibit 10.2

 

 

 

QUANEX BUILDING PRODUCTS CORPORATION

2020 OMNIBUS INCENTIVE PLAN

 

 

 

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	ARTICLE I	ESTABLISHMENT, PURPOSE AND DURATION	5

 

		1.1	Establishment	5

		1.2	Purpose of the Plan	5

		1.3	Duration of Plan	5

 

	ARTICLE II	DEFINITIONS	6

 

	ARTICLE III	ELIGIBILITY AND PARTICIPATION	10

 

		3.1	Eligibility	10

		3.2	Participation	10

 

	ARTICLE IV	GENERAL PROVISIONS RELATING TO AWARDS	11

 

		4.1	Authority to Grant Awards	11

		4.2	Dedicated Shares; Maximum Awards	11

		4.3	Non-Transferability	12

		4.4	Requirements of Law	12

		4.5	Changes in the Company’s Capital Structure; Change in Control	13

		4.6	Election Under Section 83(b) of the Code	16

		4.7	Forfeiture for Cause	16

		4.8	Forfeiture Events	17

		4.9	Award Agreements	17

		4.10	Amendments of Award Agreements	17

		4.11	Rights as Stockholder	17

		4.12	Issuance of Shares of Stock	17

		4.13	Restrictions on Stock Received	17

		4.14	Compliance With Section 409A	17

		4.15	Prohibition on Repricing	17

 

	ARTICLE V	OPTIONS	18

 

		5.1	Authority to Grant Options	18

		5.2	Option Agreement	18

		5.3	Option Price	18

		5.4	Duration of Option	18

		5.5	Amount Exercisable	18

		5.6	Exercise of Option	18

 

	ARTICLE VI	STOCK APPRECIATION RIGHTS	19

 

		6.1	Authority to Grant SAR Awards	19

		6.2	General Terms	19

		6.3	SAR Agreement	19

		6.4	Term of SAR	19

		6.5	Exercise of SAR	19

		6.6	Payment of SAR Amount	19

		6.7	Termination of Employment	19

 

	ARTICLE VII	RESTRICTED STOCK AWARDS	20

 

		7.1	Restricted Stock Awards	20

		7.2	Restricted Stock Award Agreement	20

		7.3	Holder’s Rights as Stockholder	20

 

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	ARTICLE VIII	RESTRICTED STOCK UNIT AWARDS	21

 

		8.1	Authority to Grant RSU Awards	21

		8.2	RSU Award	21

		8.3	RSU Award Agreement	21

		8.4	Dividend Equivalents	21

		8.5	Form of Payment Under RSU Award	21

		8.6	Time of Payment Under RSU Award	21

 

	ARTICLE IX	PERFORMANCE SHARE AWARDS AND PERFORMANCE UNIT AWARDS	22

 

		9.1	Authority to Grant Performance Share Awards and Performance Unit Awards	22

		9.2	Performance Goals	22

		9.3	Time of Establishment of Performance Goals	22

		9.4	Written Agreement	23

		9.5	Form of Payment Under Performance Share or Unit Award	23

		9.6	Time of Payment Under Performance Share or Unit Award	23

		9.7	Holder’s Rights	23

		9.8	Adjustments	23

 

	ARTICLE X	ANNUAL INCENTIVE AWARDS	24

 

		10.1	Authority to Grant Annual Incentive Awards	24

		10.2	Written Agreement	24

		10.3	Form of Payment Under Annual Incentive Award	24

		10.4	Time of Payment Under Annual Incentive Award	24

 

	ARTICLE XI	OTHER STOCK-BASED AWARDS	25

 

		11.1	Authority to Grant Other Stock-Based Awards	25

		11.2	Value of Other Stock-Based Award	25

		11.3	Payment of Other Stock-Based Award	25

		11.4	Termination of Employment	25

 

	ARTICLE XII	CASH-BASED AWARDS	26

 

		12.1	Authority to Grant Cash-Based Awards	26

		12.2	Value of Cash-Based Award	26

		12.3	Payment of Cash-Based Award	26

		12.4	Termination of Employment	26

 

	ARTICLE XIII	SUBSTITUTION AWARDS	27

 

	ARTICLE XIV	ADMINISTRATION	28

 

		14.1	Awards	28

		14.2	Authority of the Committee	28

		14.3	Decisions Binding	28

		14.4	No Liability	29

 

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	ARTICLE XV	AMENDMENT OR TERMINATION OF PLAN	30

 

		15.1	Amendment, Modification, Suspension, and Termination	30

		15.2	Awards Previously Granted	30

 

	ARTICLE XVI	MISCELLANEOUS	31

 

		16.1	Unfunded Plan/No Establishment of a Trust Fund	31

		16.2	No Employment Obligation	31

		16.3	Tax Withholding	31

		16.4	Dividend Equivalents	32

		16.5	Deferral	32

		16.6	Gender and Number	32

		16.7	Severability	32

		16.8	Headings	32

		16.9	Other Compensation Plans	32

		16.10	Retirement and Welfare Plans	32

		16.11	Other Awards	32

		16.12	Successors	32

		16.13	Law Limitations/Governmental Approvals	32

		16.14	Delivery of Title	32

		16.15	Inability to Obtain Authority	33

		16.16	Investment Representations	33

		16.17	Persons Residing Outside of the United States	33

		16.18	Arbitration of Disputes	33

		16.19	Governing Law	33

 

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ARTICLE I

ESTABLISHMENT, PURPOSE AND DURATION

 

1.1.             
Establishment. The Company hereby approves this incentive compensation plan known as the “Quanex Building Products
Corporation 2020 Omnibus Incentive Plan” as set forth in this document. The Plan permits the grant of Options, SARs, Restricted
Stock, RSUs, Performance Share Awards, Performance Unit Awards, Annual Incentive Awards, Cash-Based Awards and Other Stock-Based
Awards. The Plan, as adopted by the Board on January 6, 2020, shall become effective upon and subject to stockholder
approval at the Company’s 2020 annual meeting of stockholders (the “2020 Annual Meeting”).

 

1.2.             
Purpose of the Plan. The Plan is intended to advance the best interests of the Company, its Affiliates and its stockholders
by providing those persons who have substantial responsibility for the management and growth of the Company and its Affiliates
with additional performance incentives and an opportunity to obtain or increase their proprietary interest in the Company, thereby
encouraging them to continue in their employment or affiliation with the Company or its Affiliates.

 

1.3.             
Duration of Plan. Subject to earlier termination pursuant to Section 15.1, Awards may be granted under the Plan
at any time and from time to time on or prior to February 27, 2030, the tenth anniversary of the effective date of the Plan, on
which date the Plan will expire except as to Awards then outstanding under the Plan. Such outstanding Awards shall remain in effect
until they have been exercised or terminated, or have expired. For the avoidance of doubt, if this Plan is not approved by shareholders
at the 2020 Annual Meeting, then the Quanex Building Products Corporation 2008 Omnibus Incentive Plan, as in effect immediately
prior to the Board’s adoption of this Plan, shall continue to exist and operate according to all of the terms and conditions
of such plan. If the Company’s stockholders approve the this Plan at the 2020 Annual Meeting, then the Company will cease
granting awards under the Company’s 2008 Omnibus Incentive Plan.

 

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ARTICLE II

DEFINITIONS

 

The words and phrases
defined in this Article shall have the meaning set out below throughout the Plan, unless the context in which any such word
or phrase appears reasonably requires a broader, narrower or different meaning.

 

2.1.            
“Affiliate” means any corporation, partnership, limited liability company or association, trust
or other entity or organization which, directly or indirectly, controls, is controlled by, or is under common control with, the
Company. For purposes of the preceding sentence, “control” (including, with correlative meanings, the terms “controlled
by” and “under common control with”), as used with respect to any entity or organization, shall mean the possession,
directly or indirectly, of the power (a) to vote more than fifty percent (50%) of the securities having ordinary voting power
for the election of directors of the controlled entity or organization, or (b) to direct or cause the direction of the management
and policies of the controlled entity or organization, whether through the ownership of voting securities or by contract or otherwise.

 

2.2.            
“Annual Incentive Award” means an Award granted to a Holder pursuant to Article X.

 

2.3.            
“Award” means, individually or collectively, a grant under the Plan of Options, SARs, Restricted
Stock, RSUs, Performance Share Awards, Performance Unit Awards, Annual Incentive Awards, Other Stock-Based Awards and Cash-Based
Awards, in each case subject to the terms and provisions of the Plan.

 

2.4.            
“Award Agreement” means an agreement that sets forth the terms and conditions applicable to an
Award granted under the Plan.

 

2.5.            
“Board” means the board of directors of the Company.

 

2.6.            
“Cash-Based Award” means an Award granted pursuant to Article XII.

 

2.7.            
“Change in Control” or “Change in Control of the Company” means the occurrence of
any of the following after the Effective Date, unless otherwise provided in an Award Agreement:

 

a.                 the acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act)
(a “Covered Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act)
of 20 percent (20%) or more of either (i) the then outstanding shares of the common stock of the Company (the “Outstanding
Company Common Stock”), or (ii) the combined voting power of the then outstanding voting securities of the Company entitled
to vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however,
that for purposes of this subsection (a) of this Section 2.7, the following acquisitions shall not constitute a Change in
Control of the Company: (A) any acquisition directly from the Company, (B) any acquisition by the Company, (C) any acquisition
by any employee benefit plan (or related trust) sponsored or maintained by the Company or any entity controlled by the Company,
or (D) any acquisition by any corporation pursuant to a transaction which complies with clauses (A), (B) and (C) of subsection
(c) of this Section 2.7; or

 

b.                during
any period of two consecutive years following the Effective Date, individuals who at the beginning of such period constitute the
Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided,
however, that any individual becoming a director subsequent to the Effective Date whose election, or nomination for election
by the Company’s stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent
Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any
such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect
to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a
Covered Person other than the Board; or

 

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c.                 the
consummation of (i) a reorganization, merger or consolidation or sale of the Company, or (ii) a disposition of all or substantially
all of the assets of the Company (a “Business Combination”), in each case, unless, following such Business Combination,
(A) all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding
Company Common Stock and Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own,
direct or indirectly, more than 50 percent (50%) of, respectively, the then outstanding shares of common stock and the combined
voting power of the then outstanding voting securities entitled to vote generally in the election of directors, as the case may
be, of the corporation resulting from such Business Combination (including, without limitation, a corporation which as a result
of such transaction owns the Company or all or substantially all of the Company’s assets either directly or through one
or more subsidiaries) in substantially the same proportions as their ownership immediately prior to such Business Combination
of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be, (B) no Covered Person (excluding
any employee benefit plan (or related trust) of the Company or such corporation resulting from such Business Combination) beneficially
owns, directly or indirectly, 20 percent (20%) or more of, respectively, the then outstanding shares of common stock of the corporation
resulting from such Business Combination or the combined voting power of the then outstanding voting securities of such corporation,
except to the extent that such ownership existed prior to the Business Combination, and (C) at least a majority of the members
of the board of directors of the corporation resulting from such Business Combination, were members of the Incumbent Board at
the time of the execution of the initial agreement, or of the action of the Board, providing for such Business Combination; or

 

d.                 the
approval by the stockholders of the Company of a complete liquidation or dissolution of the Company.

 

2.8.            
“Code” means the United States Internal Revenue Code of 1986, as amended from time to time.

 

2.9.            
“Committee” means the Compensation Committee of the Board or a subcommittee thereof formed by
the Compensation Committee to act as the Committee hereunder. The Committee shall consist of no fewer than two Directors, each
of whom is (a) a “non-employee director” within the meaning of Rule 16b-3 under the Exchange Act, and (b) an “independent
director” for purpose of the rules of the principal U.S. national securities exchange on which the shares of Stock are traded,
to the extent required by such rules.

 

2.10.         
“Company” means Quanex Building Products Corporation, a Delaware corporation, or any successor
(by reincorporation, merger or otherwise).

 

2.11.         
“Corporate Change” shall have the meaning ascribed to that term in Section 4.5(c).

 

2.12.         
 “Director” means a director of the Company who is not an Employee.

 

2.13.         
“Disability” means as determined by the Committee in its discretion exercised in good faith, a
physical or mental condition of the Holder that would entitle him to payment of disability income payments under the Company’s
long-term disability insurance policy or plan for Employees as then in effect; or if the Holder is not covered, for whatever reason,
under the Company’s long-term disability insurance policy or plan for Employees or in the event the Company does not maintain
such a long-term disability insurance policy, “Disability” means a permanent and total disability as defined in Section 22(e)(3)
of the Code. A determination of Disability may be made by a physician selected or approved by the Committee and, in this respect,
the Holder shall submit to an examination by such physician upon request by the Committee.

 

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2.14.         
“Dividend Equivalent” means a payment equivalent in amount to dividends paid to the Company’s
stockholders.

 

2.15.         
“Effective Date” means the later of (a) the date the Plan is approved by the Board, (b)
the date the Plan is approved by the stockholder(s) of the Company and (c) the effective date of the Company’s first
effective registration statement filed under the Securities Act of 1933, as amended.

 

2.16.         
“Employee” means a person employed by the Company or any Affiliate as a common law employee.

 

2.17.          
“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended.

 

2.18.         
“Fair Market Value” of the Stock as of any particular date means (a) if the Stock is traded on
a stock exchange, the closing sale price of the Stock on that date as reported on the principal securities exchange on which the
Stock is traded or, if there is no closing price on that date, then on the last preceding date on which such a closing price was
reported, or (b) if the Stock is traded in the over-the-counter market, the average between the high bid and low asked price on
the most recent date, either preceding or succeeding, on which shares of Stock were traded in the over-the-counter market. In the
event the Stock is not publicly traded at the time a determination of value is required to be made hereunder, the determination
of its Fair Market Value shall be made by the Committee in such manner as it deems appropriate.

 

2.19.         
“Holder” means a person who has been granted an Award or any person who is entitled to receive
shares of Stock or cash under an Award.

 

2.20.         
“Minimum Statutory Tax Withholding Obligation” means, with respect to an Award, the amount the
Company or an Affiliate is required to withhold for federal, state and local taxes based upon the applicable minimum statutory
withholding rates required by the relevant tax authorities.

 

2.21.         
“Option” means a “nonqualified stock option” to purchase Stock granted pursuant to
Article V that does not satisfy the requirements of Section 422 of the Code.

 

2.22.         
“Option Price” shall have the meaning ascribed to that term in Section 5.3.

 

2.23.         
“Other Stock-Based Award” means an equity-based or equity-related Award not otherwise described
by the terms and provisions of the Plan that is granted pursuant to Article XI.

 

2.24.         
 “Performance Goals” means one or more of the criteria described in Section 9.2 on which the performance
goals applicable to an Award are based.

 

2.25.         
“Performance Share” means any grant pursuant to Article IX of a unit valued by reference to a
designated number of shares of Stock, which value may be paid to the Holder upon achievement of such performance goals as the Committee
shall establish.

 

2.26.         
“Performance Share Award” means an Award designated as a performance share award granted to a
Holder pursuant to Article IX.

 

2.27.         
“Performance Unit” means any grant pursuant to Article IX of a unit valued by reference to a designated
amount of cash or property other than shares of Stock, which value may be paid to the Holder upon achievement of such performance
goals during the performance period as the Committee shall establish.

 

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2.28.         
“Performance Unit Award” means an Award designated as a performance unit award granted to a Holder
pursuant to Article IX.

 

2.29.         
“Period of Restriction” means the period during which Restricted Stock or another Award is subject
to a substantial risk of forfeiture (based on the passage of time, the achievement of performance goals, or upon the occurrence
of other events as determined by the Committee, in its discretion), as provided in Article VII.

 

2.30.         
“Permissible under Section 409A” means with respect to a particular action (such as, the grant,
payment, vesting, settlement or deferral of an amount or award under the Plan) that such action shall not subject the compensation
at issue to be subject to the additional tax or interest applicable under Section 409A.

 

2.31.         
“Plan” means the Quanex Building Products Corporation 2020 Omnibus Incentive Plan, effective as
of February 27, 2020.

 

2.32.         
“Prior Plan” means the Quanex Building Products Corporation 2008 Omnibus Incentive Plan, as amended
and restated from time to time.

 

2.33.         
“Restricted Stock” means shares of restricted Stock issued or granted under the Plan pursuant
to Article VII.

 

2.34.         
“Restricted Stock Award” means an Award of shares of Stock subject to restrictions, granted pursuant
to Article VII.

 

2.35.         
“RSU” means a restricted stock unit credited to a Holder’s ledger account maintained by
the Company pursuant to Article VIII.

 

2.36.         
“RSU Award” means an Award granted pursuant to Article VIII.

 

2.37.         
“SAR” means a stock appreciation right granted under the Plan pursuant to Article VI.

 

2.38.         
“Section 409A” means Section 409A of the Code and Department of Treasury rules and regulations
issued thereunder, as may be amended from time to time.

 

2.39.         
“Stock” means the common stock of the Company, $0.01 par value per share (or such other par value
as may be designated by act of the Company’s stockholders). In addition, for purposes of the Plan and the Awards, the term
Stock shall also be deemed to include any rights to purchase (“Rights”) any junior participating preferred stock
of the Company that may then be trading together with the Stock as provided in any agreement entered into by the Company relating
to the Rights.

 

2.40.         
“Substantial Risk of Forfeiture” shall have the meaning ascribed to that term in Section 409A.

 

2.41.         
“Substitute Awards” means Awards granted or shares of Stock issued by the Company in assumption
of, or in substitution or exchange for, awards previously granted, or the right or obligation to make future awards, in each case
by a company acquired by the Company or any subsidiary of the Company or with which the Company or any subsidiary of the Company
combines.

 

2.42.         
“Termination of Employment” means the termination of the Award recipient’s employment relationship
with the Company and all Affiliates.

 

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ARTICLE III

ELIGIBILITY AND PARTICIPATION

 

3.1.            
Eligibility. The persons who are eligible to receive Awards under the Plan are Employees and Directors.

 

3.2.            
Participation. Subject to the terms and provisions of the Plan, the Committee may, from time to time, select the
Employees and Directors to whom Awards shall be granted and shall determine the nature and amount of each Award.

 

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ARTICLE IV

GENERAL PROVISIONS RELATING TO AWARDS

 

4.1.            
Authority to Grant Awards. The Committee may grant Awards to those Employees and Directors as the Committee shall
from time to time determine, under the terms and conditions of the Plan. Subject only to any applicable limitations set out in
the Plan, the number of shares of Stock or other value to be covered by any Award to be granted under the Plan shall be as determined
by the Committee in its sole discretion.

 

4.2.            
Dedicated Shares; Maximum Awards.

 

a.                  Shares
of Stock Under the Plan. Subject to adjustment as provided in Section 4.5(b), a total of 3,035,053 shares of Stock shall
be authorized for Awards granted under the Plan, less one (1) share for every one (1) share that was subject to an option or stock
appreciation right granted after December 15, 2019 under the Prior Plan and 2.51 shares for every one (1) share that was subject
to an award other than an option or stock appreciation right granted after December 15, 2019 under the Prior Plan. Any shares
of Stock that are subject to Options or SARs shall be counted against this limit as one (1) share for every one (1) share granted,
and any shares of Stock that are subject to Awards other than Options or SARs shall be counted against this limit as 2.51 shares
for every one (1) share granted. Any shares issued hereunder may consist, in whole or in part, of authorized and unissued shares,
treasury shares or shares purchased in the open market or otherwise.

 

b.                   If
any shares of Stock subject to an Award are forfeited, an Award expires or an Award is settled for cash (in whole or in part),
or if after December 15, 2019, any shares of Stock subject to an award under the Prior Plan are forfeited, a Prior Plan award
expires or a Prior Plan award is settled for cash (in whole or in part), then in each such case the shares of Stock subject to
such Award (or Prior Plan award) shall, to the extent of such forfeiture, expiration or cash settlement, be added to the shares
of Stock available for Awards under the Plan, in accordance with Section 4.2(d) below. In the event that withholding tax liabilities
arising from an Award other than an Option or SAR or, after December 15, 2019, withholding tax liabilities arising from an award
other than an option or stock appreciation right under the Prior Plan are satisfied by the tendering of shares (either actually
or by attestation) or by the withholding of shares by the Company, the shares of Stock so tendered or withheld shall be added
to the shares of Stock available for Awards under the Plan in accordance with Section 4.2(d) below. Notwithstanding anything to
the contrary contained herein, the following shares shall not be added to the shares of Stock authorized for grant under paragraph
(a) of this Section: (i) shares of Stock tendered by a participant or withheld by the Company in payment of the purchase price
of an Option, or after December 15, 2019, such shares related to a Prior Plan award; (ii) shares of Stock tendered by a participant
or withheld by the Company to satisfy any tax withholding obligation with respect to Options or SARs, or after December 15, 2019,
such shares related to a Prior Plan award; (iii) shares of Stock subject to an SAR that are not issued in connection with its
stock settlement on exercise thereof, or after December 15, 2019, such shares related to a Prior Plan award; and (iv) shares of
Stock reacquired by the Company on the open market or otherwise using cash proceeds from the exercise of Options, or after December
15, 2019, such shares related to a Prior Plan award.

 

c.                  Substitute Awards shall not reduce the shares authorized for grant under the Plan, nor shall shares subject to a Substitute
Award be added to the shares of Stock available for Awards under the Plan as provided in paragraph (b) above. Additionally, if
a company acquired by the Company or any Company subsidiary or with which the Company or any Company subsidiary combines has shares
available under a pre-existing plan approved by stockholders and not adopted in contemplation of such acquisition or combination,
the shares available for grant pursuant to the terms of such pre-existing plan (as adjusted, to the extent appropriate, using the
exchange ratio or other adjustment or valuation ratio or formula used in such acquisition or combination to determine the consideration
payable to the holders of common stock of the entities party to such acquisition or combination) may be used for Awards under the
Plan and shall not reduce the shares authorized for grant under the Plan (and shares subject to such Awards shall not be added
to the shares available for Awards under the Plan as provided in paragraphs (b) above); provided that Awards using such available
shares shall not be made after the date awards or grants could have been made under the terms of the pre-existing plan, absent
the acquisition or combination, and shall only be made to individuals who were not Employees or Directors prior to such acquisition
or combination.

 

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d.                  Any
shares of Stock that again become available for Awards under the Plan pursuant to this Section shall be added as (i) one (1) share
for every one (1) share subject to Options or SARs granted under the Plan or options or stock appreciation rights granted under
the Prior Plan, and (ii) as 2.51 shares for every one (1) share subject to Awards other than Options or SARs granted under the
Plan or awards other than options or stock appreciation rights granted under the Prior Plan.

 

e.                  Director
Awards. Notwithstanding any other provision of the Plan to the contrary, the aggregate grant date fair value (computed as
of the date of grant in accordance with applicable financial accounting rules) of all Awards granted to any Director during any
single calendar year plus the aggregate amount of all cash payments made to such Director for services rendered for the same year
shall not exceed $400,000. For the avoidance of doubt, compensation shall be counted towards this limit for the year it is earned,
and not a later year in the event settlement is deferred.

 

4.3.          
Non-Transferability.  Except as provided below, no Award and no shares of Stock that have not been issued
or as to which any applicable restriction, performance or deferral period has not lapsed, may be sold, assigned, transferred, pledged
or otherwise encumbered, other than by will or the laws of descent and distribution, and such Award may be exercised during the
life of the Holder only by the Holder or the Holder’s guardian or legal representative. To the extent, and under such terms
and conditions, as determined by the Committee, a Holder may assign or transfer an Award without consideration (each transferee
thereof, a “Permitted Assignee”) (a) to the Holder’s spouse, children or grandchildren (including any adopted
and step children or grandchildren), parents, grandparents or siblings, (b) to a trust for the benefit of one or more of the Holder
or the persons referred to in clause (a), (c) to a partnership, limited liability company or corporation in which the Holder or
the persons referred to in clause (a) are the only partners, members or shareholders or (d) for charitable donations; provided
that such Permitted Assignee shall be bound by and subject to all of the terms and conditions of the Plan and the Award Agreement
relating to the transferred Award and shall execute an agreement satisfactory to the Company evidencing such obligations; and provided
further that such Holder shall remain bound by the terms and conditions of the Plan and the Award Agreement. The Company shall
cooperate with any Permitted Assignee and the Company’s transfer agent in effectuating any transfer permitted under this
Section.

 

4.4.          
Requirements of Law.  The Company shall not be required to sell or issue any shares of Stock under any Award if issuing
those shares of Stock would constitute or result in a violation by the Holder or the Company of any provision of any law, statute
or regulation of any governmental authority. Specifically, in connection with any applicable statute or regulation relating to
the registration of securities, upon exercise of any Option or pursuant to any other Award, the Company shall not be required to
issue any shares of Stock unless the Committee has received evidence satisfactory to it to the effect that the Holder will not
transfer the shares of Stock except in accordance with applicable law, including receipt of an opinion of counsel satisfactory
to the Company to the effect that any proposed transfer complies with applicable law. The determination by the Committee on this
matter shall be final, binding and conclusive. The Company may, but shall in no event be obligated to, register any shares of Stock
covered by the Plan pursuant to applicable securities laws of any country or any political subdivision. In the event the shares
of Stock issuable on exercise of an Option or pursuant to any other Award are not registered, the Company may imprint on the certificate
evidencing the shares of Stock any legend that counsel for the Company considers necessary or advisable to comply with applicable
law, or, should the shares of Stock be represented by book or electronic entry rather than a certificate, the Company may take
such steps to restrict transfer of the shares of Stock as counsel for the Company considers necessary or advisable to comply with
applicable law. The Company shall not be obligated to take any other affirmative action in order to cause or enable the exercise
of an Option or any other Award, or the issuance of shares of Stock pursuant thereto, to comply with any law or regulation of any
governmental authority.

 

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4.5.          
Changes in the Company’s Capital Structure; Change in Control.

 

a.                  The
existence of outstanding Awards shall not affect in any way the right or power of the Company or its stockholders to make or authorize
any or all adjustments, recapitalizations, reorganizations or other changes in the Company’s capital structure or its business,
any merger or consolidation of the Company, any issue of bonds, debentures, preferred or prior preference shares ahead of or affecting
the Stock or Stock rights, the dissolution or liquidation of the Company, any sale or transfer of all or any part of its assets
or business or any other corporate act or proceeding, whether of a similar character or otherwise.

 

b.                   In
the event of any merger, reorganization, consolidation, recapitalization, dividend or distribution (whether in cash, shares or
other property, other than a regular cash dividend), stock split, reverse stock split, spin-off or similar transaction or other
change in corporate structure affecting the shares of Stock or the value thereof, such adjustments and other substitutions shall
be made to the Plan and to Awards in a manner the Committee deems equitable or appropriate taking into consideration the accounting
and tax consequences, including such adjustments in the aggregate number, class and kind of securities that may be delivered under
the Plan, and, in the aggregate or to any participant, in the number, class, kind and option or exercise price of securities subject
to outstanding Awards granted under the Plan (including, if the Committee deems appropriate, the substitution of similar options
to purchase the shares of, or other awards denominated in the shares of, another company); provided, however, that the number
of shares of Stock subject to any Award shall always be a whole number.

 

c.                   If
while unexercised Options or other Awards remain outstanding under the Plan (i) the Company shall not be the surviving entity
in any merger, consolidation or other reorganization (or survives only as a subsidiary of an entity other than an entity that
was wholly-owned by the Company immediately prior to such merger, consolidation or other reorganization); (ii) the Company
sells, leases or exchanges all or substantially all of its assets to any other person or entity (other than an entity wholly-owned
by the Company); (iii) the Company is to be dissolved; or (iv) the Company is a party to any other corporate transaction
(as defined under Section 424(a) of the Code and applicable Department of Treasury regulations) that is not described in
clauses (i), (ii) or (iii) of this sentence (each such event is referred to herein as a “Corporate Change”),
then, except as otherwise provided in an Award Agreement or another agreement between the Holder and the Company (provided that
such exceptions shall not apply in the case of a reincorporation merger), or as a result of the Committee’s effectuation
of one or more of the alternatives described below, there shall be no acceleration of the time at which any Award then outstanding
may be exercised, and subject to the consummation of such Corporate Change, the Committee, acting in its sole and absolute discretion
without the consent or approval of any Holder, shall act to effect one or more of the following alternatives, which may vary among
individual Holders and which may vary among Awards held by any individual Holder (provided that, with respect to a reincorporation
merger in which Holders of the Company’s ordinary shares will receive one ordinary share of the successor corporation for
each ordinary share of the Company, none of such alternatives shall apply and, without Committee action, each Award shall automatically
convert into a similar award of the successor corporation exercisable for the same number of ordinary shares of the successor
as the Award was exercisable for ordinary shares of Stock of the Company):

 

         i.   accelerate
the time at which some or all of the Awards then outstanding may be exercised so that such Awards may be exercised in full for
a limited period of time on or before a specified date (with any such exercise subject to the consummation of such Corporate Change
except in the case of a Corporate Change pursuant to (c)(iii) above), after which specified date all such Awards that remain unexercised
and all rights of Holders thereunder shall terminate;

 

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         ii.   require
the mandatory surrender to the Company by all or selected Holders of some or all of the then outstanding Awards held by such Holders
(irrespective of whether such Awards are then exercisable under the provisions of the Plan or the applicable Award Agreement evidencing
such Award), subject to the consummation of the Corporate Change, in which event the Committee shall thereupon cancel such Award
and the Company shall pay to each such Holder an amount of cash per share equal to the excess, if any, of the per share price
offered to stockholders of the Company in connection with such Corporate Change over the exercise prices under such Award for
such shares;

 

         iii.   with
respect to all or selected Holders, have some or all of their then outstanding Awards (whether vested or unvested) assumed or
have a new award of a similar nature substituted for some or all of their then outstanding Awards under the Plan (whether vested
or unvested) by an entity which is a party to the transaction resulting in such Corporate Change and which is then employing such
Holder or which is affiliated or associated with such Holder in the same or a substantially similar manner as the Company prior
to the Corporate Change, or a parent or subsidiary of such entity, provided that (1) such assumption or substitution is on
a basis where the excess of the aggregate fair market value of the Stock subject to the Award immediately after the assumption
or substitution over the aggregate exercise price of such Stock is equal to the excess of the aggregate fair market value of all
Stock subject to the Award immediately before such assumption or substitution over the aggregate exercise price of such Stock,
and (2) the assumed rights under such existing Award or the substituted rights under such new Award, as the case may be,
will have the same terms and conditions as the rights under the existing Award assumed or substituted for, as the case may be;

 

         iv.   provide
that the number and class or series of Stock covered by an Award (whether vested or unvested) theretofore granted shall be adjusted
so that such Award when exercised shall thereafter cover the number and class or series of Stock or other securities or property
(including, without limitation, cash) to which the Holder would have been entitled pursuant to the terms of the agreement or plan
relating to such Corporate Change if, immediately prior to such Corporate Change, the Holder had been the holder of record of
the number of shares of Stock then covered by such Award; or

 

         v.   make such adjustments to Awards then outstanding as the Committee deems appropriate to reflect such
Corporate Change (provided, however, that the Committee may determine in its sole and absolute discretion that no such adjustment
is necessary).

 

Any adjustment
effected by the Committee under Section 4.5 shall be designed to provide the Holder with the intrinsic value of his or her
Award, as determined prior to the Corporate Change, or, if applicable, equalize the Fair Market Value of the Award before and after
the Corporate Change.

 

In effecting
one or more of the alternatives set out in paragraphs (C), (D) or (E) immediately above, and except as otherwise may be provided
in an Award Agreement or other agreement between the Company and a Holder, the Committee, in its sole and absolute discretion and
without the consent or approval of any Holder, may accelerate the time at which some or all Awards then outstanding may be exercised,
subject to the consummation of the Corporate Change.

 

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d.                  After
a merger of one or more corporations into the Company or after a consolidation of the Company and one or more corporations in
which the Company shall be the surviving corporation, each Holder shall be entitled to have his Restricted Stock appropriately
adjusted based on the manner in which the shares of Stock were adjusted under the terms of the agreement of merger or consolidation.

 

e.                   Except
as provided in Section 4.5(b), the issuance by the Company of stock of any class or series, or securities convertible into, or
exchangeable for, stock of any class or series, for cash or property, or for labor or services either upon direct sale or upon
the exercise of rights or warrants to subscribe for them, or upon conversion or exchange of stock or obligations of the Company
convertible into, or exchangeable for, stock or other securities, shall not affect, and no adjustment by reason of such issuance
shall be made with respect to, the number, class or series, or price of shares of Stock then subject to outstanding Options or
other Awards.

 

f.                   Change
in Control; Impact on Certain Awards. Unless otherwise provided in an Award Agreement or other agreement between a Holder
and the Company, the Committee shall have the right to provide that in the event of a Change in Control of the Company: (i) Options
and SARs outstanding as of the date of the Change in Control shall be cancelled and terminated without payment if the Fair Market
Value of one share as of the date of the Change in Control is less than the per share Option exercise price or SAR grant price,
and (ii) all performance-based Awards shall be (A) considered to be earned and payable based on achievement of performance goals
or based on target performance (either in full or pro rata based on the portion of performance period completed as of the date
of the Change in Control), and any limitations or other restrictions shall lapse and such performance-based Awards shall be immediately
settled or distributed or (B) converted into Restricted Stock or Restricted Stock Unit Awards based on achievement of performance
goals or based on target performance (either in full or pro rata based on the portion of performance period completed as of the
date of the Change in Control).

 

i.                     Assumption
or Substitution of Certain Awards. Unless otherwise provided in an Award Agreement or other agreement between a Holder and
the Company, in the event of a Change in Control of the Company in which the successor company assumes or substitutes for an outstanding
Award (or in which the Company is the ultimate parent corporation and continues the Award), if a Holder’s employment with
such successor company (or the Company) or a subsidiary thereof terminates within 24 months following such Change in Control (or
such other period set forth in the Award Agreement or other Company agreement, including prior thereto if applicable) and under
the circumstances specified in the Award Agreement or other Company agreement: (x) Options and SARs outstanding as of the
date of such termination of employment will immediately vest, become fully exercisable, and may thereafter be exercised for 24
months (or the period of time set forth in the Award Agreement or other Company agreement); (y) the restrictions, limitations
and other conditions applicable to Awards other than Options and SARs outstanding as of the date of such termination of employment
shall lapse and the Award shall become free of all restrictions, limitations and conditions and become fully vested. For the purposes
of this Section 4.5(f), an Award shall be considered assumed or substituted for if following the Change in Control the Award
confers the right to purchase or receive, for each share subject to the Award immediately prior to the Change in Control, the
consideration (whether stock, cash or other securities or property) received in the transaction constituting the Change in Control
by holders of shares for each share of Stock held on the effective date of such transaction (and if holders were offered a choice
of consideration, the type of consideration chosen by the holders of a majority of the outstanding shares); provided, however,
that if such consideration received in the transaction constituting a Change in Control is not solely common stock of the successor
company, the Committee may, with the consent of the successor company, provide that the consideration to be received upon the
exercise or vesting of an Award, for each share of Stock subject thereto, will be solely common stock of the successor company
with a fair market value substantially equal to the per share consideration received by holders of shares in the transaction constituting
a Change in Control. The determination of whether fair market value is substantially equal shall be made by the Committee in its
sole discretion and its determination shall be conclusive and binding.

 

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ii.                    Unless
otherwise provided in an Award Agreement or other agreement between a Holder and the Company, in the event of a Change in Control
of the Company to the extent the successor company does not assume or substitute for an outstanding Award (or in which the Company
is the ultimate parent corporation and does not continue the Award), then immediately prior to the Change in Control: (x) those
Options and SARs outstanding as of the date of the Change in Control that are not assumed or substituted for (or continued) shall
immediately vest and become fully exercisable; (y) restrictions, limitations and other conditions applicable to Awards other than
Options and SARs that are not assumed or substituted for (or continued) shall lapse and the Award shall become free of all restrictions,
limitations and conditions and become fully vested; and (z) any performance-based Award shall be either deemed fully earned at
the target amount or earned based on performance as of the date on which the Change of Control occurs, as set forth in the Award
Agreement or other Company agreement.

 

iii.                   The
Committee, in its discretion, may determine that, upon the occurrence of a Change in Control, each Option and SAR outstanding
shall terminate within a specified number of days after notice to the Holder, and/or that each Holder shall receive, with respect
to each share subject to such Option or SAR, an amount equal to the excess of the Fair Market Value of such share immediately
prior to the occurrence of such Change in Control over the exercise price per share of such Option and/or SAR; such amount to
be payable in cash, in one or more kinds of stock or property (including the stock or property, if any, payable in the transaction)
or in a combination thereof, as the Committee, in its discretion, shall determine.

 

4.6.            Election
Under Section 83(b) of the Code. If a Holder makes an election under Section 83(b) of the Code to be taxed with respect
to a Restricted Stock Award as of the date of transfer of the Restricted Stock rather than as of the date or dates upon which
the Holder would otherwise be taxable under Section 83(a) of the Code, the Holder shall be required to deliver a copy of such
election to the Company promptly after filing such election with the Internal Revenue Service. Notwithstanding the foregoing,
the Committee may provide in an Award Agreement that a Restricted Stock Award is conditioned upon the Holder making or refraining
from making an election with respect to the Award under Section 83(b) of the Code.

 

4.7.            Forfeiture
for Cause. Notwithstanding any other provision of the Plan or an Award Agreement, if the Committee finds by a majority vote
that a Holder, before or after his Termination of Employment (a) committed fraud, embezzlement, theft, felony or an act of
dishonesty in the course of his employment by the Company or an Affiliate which conduct damaged the Company or an Affiliate or
(b) disclosed trade secrets of the Company or an Affiliate, then as of the date the Committee makes its finding, any Awards
awarded to the Holder that have not been exercised by the Holder (including all Awards that have not yet vested) will be forfeited
to the Company. The findings and decision of the Committee with respect to such matter, including those regarding the acts of
the Holder and the damage done to the Company, will be final for all purposes. No decision of the Committee, however, will affect
the finality of the discharge of the individual by the Company or an Affiliate. Notwithstanding the foregoing, this provision
is not intended to, and shall be interpreted in a manner that does not, limit or restrict a participant from exercising any legally
protected whistleblower rights (including pursuant to Rule 21F under the Securities Exchange Act of 1934).

 

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4.8.            Forfeiture
Events. The Committee may specify in an Award Agreement that the Holder’s rights, payments, and benefits with respect
to an Award shall be subject to reduction, cancellation, forfeiture, or recoupment upon the occurrence of certain specified events,
in addition to any otherwise applicable vesting or performance conditions of an Award. Such events may include, but shall not
be limited to, Termination of Employment for cause, termination of the Holder’s provision of services to the Company or
its Affiliates, violation of material policies of the Company and its Affiliates, breach of noncompetition, confidentiality, or
other restrictive covenants that may apply to the Holder, or other conduct by the Holder that is detrimental to the business or
reputation of the Company and its Affiliates.

 

4.9.           Award
Agreements. Each Award shall be embodied in a written agreement (which may also be in electronic form) that shall be subject
to the terms and conditions of the Plan. The Award Agreement shall be signed by an executive officer of the Company, other than
the Holder, on behalf of the Company, and may be signed by the Holder to the extent required by the Committee. The Award Agreement
may specify the effect of a Change in Control of the Company on the Award. The Award Agreement may contain any other provisions
that the Committee in its discretion shall deem advisable which are not inconsistent with the terms and provisions of the Plan.

 

4.10.         Amendments
of Award Agreements. The terms of any outstanding Award under the Plan may be amended from time to time by the Committee in
its discretion in any manner that it deems appropriate and that is consistent with the terms of the Plan. However, no such amendment
shall adversely affect in a material manner any right of a Holder without his or her written consent.

 

4.11.           Rights
as Stockholder. Except as otherwise provided in the Plan, a Holder shall not have any rights as a stockholder with respect
to Stock covered by an Option, a SAR, an RSU, a Performance Share, a Performance Share Unit, or an Other Stock-Based Award until
the date, if any, such Stock is issued by the Company; and, except as otherwise provided in Section 4.5, no adjustment for
dividends, or otherwise, shall be made if the record date therefor is prior to the date of issuance of such Stock.

 

4.12.            Issuance of Shares of Stock. Shares of Stock, when issued, may be represented by a certificate or by book or electronic
entry.

 

4.13.            Restrictions
on Stock Received. The Committee may impose such conditions and/or restrictions on any shares of Stock issued pursuant to
an Award as it may deem advisable or desirable. These restrictions may include, but shall not be limited to, a requirement that
the Holder hold the shares of Stock for a specified period of time.

 

4.14.            Compliance
With Section 409A. This Plan is intended to comply and shall be administered in a manner that is intended to comply with Section
409A, and all Awards are intended to be designed and operated in such a manner that they are either exempt from the application
of, or comply with, the requirements of Section 409A.

 

4.15.            Prohibition
on Repricing. Other than pursuant to Section 4.5(b), the Committee shall not without the approval of the Company’s stockholders
(a) lower the Option Price per share of an Option/SAR after it is granted, (b) cancel an Option/SAR when the Option Price per
share exceeds the Fair Market Value of one share in exchange for cash or another Award (other than in connection with a Change
in Control), or (c) take any other action with respect to an Option/SAR that would be treated as a repricing under the rules and
regulations of the principal U.S. national securities exchange on which the shares of Stock are listed.

 

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ARTICLE V

OPTIONS

 

5.1.             Authority
to Grant Options. Subject to the terms and provisions of the Plan, the Committee, at any time, and from time to time, may
grant Options under the Plan to eligible persons in such number and upon such terms as the Committee shall determine.

 

5.2.             Option
Agreement. Each Option grant under the Plan shall be evidenced by an Award Agreement that shall specify (a) the Option
Price, (b) the duration of the Option, (c) the number of shares of Stock to which the Option pertains, (d) the
exercise restrictions, if any, applicable to the Option and (e) such other provisions as the Committee shall determine that
are not inconsistent with the terms and provisions of the Plan.

 

5.3.             Option Price. Except in the case of Substitute Awards, the price at which shares of Stock may be purchased under
an Option (the “Option Price”) shall not be less than one hundred percent (100%) of the Fair Market Value of
the shares of Stock on the date the Option is granted. Subject to the limitations set forth in the preceding sentences of this
Section 5.3, the Committee shall determine the Option Price for each grant of an Option under the Plan.

 

5.4.             Duration
of Option. An Option shall not be exercisable after the earlier of (a) the general term of the Option specified in the
applicable Award Agreement (which shall not exceed ten years) or (b) the period of time specified in the applicable Award
Agreement that follows the Holder’s Termination of Employment or severance of affiliation relationship with the Company.
Notwithstanding the foregoing, if that on the last business day of the term of an Option (i) the exercise of the Option is prohibited
by applicable law or (ii) shares may not be purchased or sold by certain employees or directors of the Company due to the “black-out
period” of a Company policy or a “lock-up” agreement undertaken in connection with an issuance of securities
by the Company, the term of the Option shall be extended for a period of 30 days following the end of the legal prohibition, black-out
period or lock-up agreement.

 

5.5.             Amount
Exercisable. Each Option may be exercised at the time, in the manner and subject to the conditions the Committee specifies
in the Award Agreement in its sole discretion.

 

5.6.             Exercise
of Option.  Subject to the terms and provisions of the Plan and the applicable Award Agreement, Options may be exercised in
whole or in part from time to time by the delivery of written or electronic notice in the manner designated by the Committee stating
(a) that the Holder wishes to exercise such Option on the date such notice is so delivered, (b) the number of shares
of Stock with respect to which the Option is to be exercised and (c) the address to which any certificate representing such
shares of Stock should be mailed. For the notice to be effective the notice must be accompanied by payment of the Option Price
by any combination of the following: (i) cash, certified check, bank draft or postal or express money order for an amount
equal to the Option Price under the Option, (ii) an election to make a cashless or net exercise (if approved in advance by
the Committee or an executive officer of the Company, and in such form as permitted by the Committee) or (iii) any other
form of payment which is acceptable to the Committee and permitted by applicable law.

 

Notwithstanding the
foregoing, an Award Agreement may provide that if on the last day of the term of an Option the Fair Market Value of one share of
Stock exceeds the Option Price per share, the Holder has not exercised the Option (or a tandem SAR, if applicable) and the Option
has not expired, the Option shall be deemed to have been exercised by the Holder on such day with payment made by withholding shares
otherwise issuable in connection with the exercise of the Option. In such event, the Company shall deliver to the Holder the number
of shares for which the Option was deemed exercised, less the number of shares required to be withheld for the payment of the total
purchase price and required withholding taxes (subject to the requirements of Section 16.3); provided, however, any fractional
share shall be settled in cash.

 

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ARTICLE VI

STOCK APPRECIATION RIGHTS

 

6.1.             Authority
to Grant SAR Awards. Subject to the terms and provisions of the Plan, the Committee, at any time, and from time to time, may
grant SARs under the Plan to eligible persons in such number and upon such terms as the Committee shall determine. Subject to
the terms and conditions of the Plan, the Committee shall have complete discretion in determining the number of SARs granted to
each Holder and, consistent with the provisions of the Plan, in determining the terms and conditions pertaining to such SARs.

 

6.2.             General
Terms. Subject to the terms and conditions of the Plan, a SAR granted under the Plan shall confer on the recipient a right
to receive, upon exercise thereof, an amount equal to the excess of (a) the Fair Market Value of one share of the Stock on
the date of exercise over (b) the grant price of the SAR, which shall not be less than one hundred percent (100%) of the
Fair Market Value of one share of the Stock on the date of grant of the SAR (except for Substitute Awards).

 

6.3.             SAR
Agreement. Each Award of SARs granted under the Plan shall be evidenced by an Award Agreement that shall specify (a) the
grant price of the SAR, (b) the term of the SAR, (c) the vesting and termination provisions of the SAR and (d) such
other provisions as the Committee shall determine that are not inconsistent with the terms and provisions of the Plan. The Committee
may impose such additional conditions or restrictions on the exercise of any SAR as it may deem appropriate.

 

6.4.             Term
of SAR. The term of a SAR granted under the Plan shall be determined by the Committee, in its sole discretion; provided that
no SAR shall be exercisable on or after the tenth anniversary date of its grant. Notwithstanding the foregoing, in the event that
on the last business day of the term of a SAR (a) the exercise of the SAR is prohibited by applicable law or (b) shares may not
be purchased or sold by certain employees or directors of the Company due to the “black-out period” of a Company policy
or a “lock-up” agreement undertaken in connection with an issuance of securities by the Company, the term of the SAR
shall be extended for a period of 30 days following the end of the legal prohibition, black-out period or lock-up agreement.

 

6.5.             Exercise
of SAR. A SAR may be exercised upon whatever terms and conditions the Committee, in its sole discretion, imposes. Notwithstanding
the foregoing, an Award Agreement may provide that if on the last day of the term of a SAR the Fair Market Value of one share
of Stock exceeds the grant price per share of the SAR, the Holder has not exercised the SAR or the tandem Option (if applicable),
and the SAR has not otherwise expired, the SAR shall be deemed to have been exercised by the Holder on such day. In such event,
the Company shall make payment to the Holder in accordance with this Section, reduced by the number of shares (or cash) required
for withholding taxes (subject to the requirements of Section 16.3); any fractional share shall be settled in cash.

 

6.6.             Payment
of SAR Amount. Upon the exercise of a SAR, a Holder shall be entitled to receive payment from the Company in an amount determined
by multiplying the excess of the Fair Market Value of a share of Stock on the date of exercise over the grant price of the SAR
by the number of shares of Stock with respect to which the SAR is exercised. At the discretion of the Committee, the payment upon
SAR exercise may be in cash, in Stock of equivalent value, in some combination thereof or in any other manner approved by the
Committee in its sole discretion. The Committee's determination regarding the form of SAR payout shall be set forth in the Award
Agreement pertaining to the grant of the SAR.

 

6.7.             Termination
of Employment. Each Award Agreement shall set forth the extent to which the Holder of a SAR shall have the right to exercise
the SAR following the Holder’s Termination of Employment. Such provisions shall be determined in the sole discretion of
the Committee, may be included in the Award Agreement entered into with the Holder, need not be uniform among all SARs issued
pursuant to the Plan, and may reflect distinctions based on the reasons for termination.

 

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ARTICLE VII

RESTRICTED STOCK AWARDS

 

7.1.             Restricted
Stock Awards. The Committee may make Awards of Restricted Stock to eligible persons selected by it. The amount of,
the vesting and the transferability restrictions applicable to any Restricted Stock Award shall be determined by the Committee
in its sole discretion. The Committee may also grant Restricted Stock Awards that are intended to qualify as Performance-Based
Compensation, subject to any of the Performance Goals set forth in Section 9.2, in its sole discretion, or may grant Restricted
Stock Awards subject to other performance- and/or time-based vesting restrictions. If the Committee imposes vesting or transferability
restrictions on a Holder’s rights with respect to Restricted Stock, the Committee may issue such instructions to the Company’s
share transfer agent in connection therewith as it deems appropriate. The Committee may also cause the certificate for shares
of Stock issued pursuant to a Restricted Stock Award to be imprinted with any legend which counsel for the Company considers advisable
with respect to the restrictions or, should the shares of Stock be represented by book or electronic entry rather than a certificate,
the Company may take such steps to restrict transfer of the shares of Stock as counsel for the Company considers necessary or
advisable to comply with applicable law.

 

7.2.             Restricted Stock Award Agreement. Each Restricted Stock Award shall be evidenced by an Award Agreement that contains
any vesting, transferability restrictions and other provisions not inconsistent with the Plan as the Committee may specify.

 

7.3.             Holder’s Rights as Stockholder. Subject to the terms and conditions of the Plan, each recipient of a Restricted
Stock Award shall have all the rights of a stockholder with respect to the shares of Restricted Stock included in the Restricted
Stock Award during the Period of Restriction established for the Restricted Stock Award. Dividends payable with respect to Restricted
Stock in cash or property shall be subject to the same vesting conditions and risks of forfeiture as the underlying Restricted
Stock Award. Dividends payable in shares of Stock or rights to acquire shares of Stock shall be added to and become a part of the
Restricted Stock, subject to the foregoing restriction. During the Period of Restriction, certificates representing the Restricted
Stock shall be registered in the Holder’s name and bear a restrictive legend to the effect that ownership of such Restricted
Stock, and the enjoyment of all rights appurtenant thereto, are subject to the restrictions, terms, and conditions provided in
the Plan and the applicable Award Agreement. Such certificates shall be deposited by the recipient with the Secretary of the Company
or such other officer of the Company as may be designated by the Committee, together with all stock powers or other instruments
of assignment, each endorsed in blank, which will permit transfer to the Company of all or any portion of the Restricted Stock
which shall be forfeited in accordance with the Plan and the applicable Award Agreement.

 

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ARTICLE VIII

RESTRICTED STOCK UNIT AWARDS

 

8.1.             Authority
to Grant RSU Awards. Subject to the terms and provisions of the Plan, the Committee, at any time, and from time to time, may
grant RSU Awards under the Plan to eligible persons in such amounts and upon such terms as the Committee shall determine. The
amount of, the vesting and the transferability restrictions applicable to any RSU Award shall be determined by the Committee in
its sole discretion. The Committee shall maintain a bookkeeping ledger account which reflects the number of RSUs credited under
the Plan for the benefit of a Holder.

 

8.2.             RSU
Award. An RSU Award shall be similar in nature to a Restricted Stock Award except that no shares of Stock are actually transferred
to the Holder until a later date specified in the applicable Award Agreement. Each RSU shall have a value equal to the Fair Market
Value of a share of Stock. A Holder who holds an RSU Award shall only have those rights specifically provided for in the Award
Agreement; provided, however, in no event shall the Holder have voting rights with respect to such Award.

 

8.3.             RSU Award Agreement. Each RSU Award shall be evidenced by an Award Agreement that contains any Substantial Risk of
Forfeiture, transferability restrictions, form and time of payment provisions and other provisions not inconsistent with the Plan
as the Committee may specify.

 

8.4.             Dividend
Equivalents. An Award Agreement for an RSU Award may specify that the Holder shall be entitled to the payment of Dividend
Equivalents under the Award. Any Dividend Equivalents, cash dividends, stock and any other property (other than cash) distributed
as a dividend or otherwise with respect to any Restricted Stock Unit Award that is subject to any vesting condition shall either
(a) not be paid or credited or (b) be accumulated, and in any event shall be subject to restrictions and risk of forfeiture to
the same extent as the Restricted Stock Units with respect to which such cash, stock or other property has been distributed and
shall not be paid unless and until the time such restrictions and risk of forfeiture lapse.

 

8.5.             Form
of Payment Under RSU Award. Payment under an RSU Award shall be made in either cash or shares of Stock as specified in the
applicable Award Agreement.

 

8.6.             Time
of Payment Under RSU Award.  A Holder’s payment under an RSU Award shall be made at such time as is specified in the
applicable Award Agreement. The Award Agreement shall specify that the payment will be made (a) by a date that is no later than
the date that is two and one-half (2 1/2) months after the end of the calendar year in which the RSU Award payment is no longer
subject to a Substantial Risk of Forfeiture or (b) at a time that is Permissible under Section 409A.

 

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ARTICLE IX

PERFORMANCE SHARE AWARDS AND PERFORMANCE
UNIT AWARDS

 

9.1.             Authority
to Grant Performance Share Awards and Performance Unit Awards. Subject to the terms and provisions of the Plan, the Committee,
at any time, and from time to time, may grant Performance Share Awards and Performance Unit Awards under the Plan to eligible
persons in such amounts and upon such terms as the Committee shall determine. If the Committee imposes vesting or transferability
restrictions on a Holder’s rights with respect to Performance Share or Performance Unit Awards, the Committee may issue
such instructions to the Company’s share transfer agent in connection therewith as it deems appropriate. The Committee may
also cause the certificate for shares of Stock issued pursuant to a Performance Share or Performance Unit Award to be imprinted
with any legend which counsel for the Company considers advisable with respect to the restrictions or, should the shares of Stock
be represented by book or electronic entry rather than a certificate, the Company may take such steps to restrict transfer of
the shares of Stock as counsel for the Company considers necessary or advisable to comply with applicable law.

 

9.2.             Performance
Goals. The Performance Goals upon which the payment or vesting of an Award is subject may be based on one or more of the following
Performance Goals, which may be based on one or more business criteria that apply to the Holder, one or more business units, segments,
or divisions of the Company, the Company as a whole, or a subsidiary of the Company, with reference to one or more of the following:
earnings per share; total stockholder return; cash return on capitalization; increased revenue; revenue ratios (per employee or
per customer); net income; stock price; market share; return on equity; return on assets; return on capital; return on capital
compared to cost of capital; return on capital employed; return on invested capital; stockholder value; net cash flow; operating
income; earnings before interest and taxes; earnings before interest, taxes, depreciation and amortization; cash flow; cash flow
from operations; cost reductions and cost ratios (per employee or per customer); sales; return on assets or net assets; gross
profits; gross or net profit margin; gross profit growth; net operating profit (before or after taxes); economic value-added models
or equivalent metrics; cash flow; operating margin; year-end cash; cash margin; debt reduction; operating efficiencies; cost reductions
or savings; customer satisfaction; customer growth; employee satisfaction; productivity or productivity ratios; strategic partnerships
or transactions; financial ratios, including those measuring liquidity, activity, profitability or leverage; acquisitions and
divestitures; the achievement of specified milestones or the completion of specified projects identified as contributing substantially
to the Company’s success or value or the attainment of the Company’s strategic goals; or any other goals as may be
determined and approved by the Committee. Goals may also be measured on an absolute or relative basis and may be based on performance
relative to a peer group of companies, an index, or comparisons of any of the indicators of performance relative to performance
of other companies. Unless otherwise stated, such a Performance Goal need not be based upon an increase or positive result under
a particular business criterion and could include, for example, maintaining the status quo or limiting economic losses (measured,
in each case, by reference to specific business criteria). The Committee may provide for exclusion of the impact of an event or
occurrence which the Committee determines should appropriately be excluded, including (a) restructurings, discontinued operations,
and other unusual or infrequently occurring charges or events; (b) an event either not directly related to the operations of the
Company, a Company subsidiary, division, business segment or business unit or not within the reasonable control of management;
or (c) the cumulative effects of tax or accounting changes in accordance with U.S. generally accepted accounting principles. Prior
to the payment of any Award that is based on Performance Goals, the Committee must certify in writing that applicable Performance
Goals and any of the material terms thereof were, in fact, satisfied. Subject to the foregoing provisions, the terms, conditions
and limitations applicable to any Performance Share or Performance Unit Awards made pursuant to the Plan shall be determined by
the Committee.

 

9.3.             Time
of Establishment of Performance Goals. The Performance Goal(s) (and any exclusions) applicable to an Award shall be established
by the Committee prior to the earlier to occur of (a) 90 days after the commencement of the period of service to which the
Performance Goal relates or (b) the lapse of 25 percent of the period of service, and in any event while the outcome
is substantially uncertain, unless otherwise determined by the Committee.

 

    22

     

    

 

9.4.             Written
Agreement. Each Performance Share Award or Performance Unit Award shall be evidenced by an Award Agreement that contains any
vesting, transferability restrictions and other provisions not inconsistent with the Plan as the Committee may specify.

 

9.5.             Form of Payment Under Performance Share or Unit Award. Payment under a Performance Share Award or a Performance Unit
Award shall be made in cash and/or shares of Stock as specified in the Holder’s Award Agreement.

 

9.6.             Time
of Payment Under Performance Share or Unit Award.  A Holder’s payment under a Performance Share Award or Performance
Unit Award shall be made at such time as is specified in the applicable Award Agreement. The Award Agreement shall specify that
the payment will be made (a) by a date that is no later than the date that is two and one-half (2 1/2) months after the end of
the calendar year in which the Award payment is no longer subject to a Substantial Risk of Forfeiture or (b) at a time that is
Permissible under Section 409A.

 

9.7.             Holder’s
Rights. A Holder who holds a Performance Share Award or Performance Unit Award shall only have those rights specifically
provided for in the Award Agreement; provided, however, in no event shall the Holder have voting rights with respect to such Award.
Any Dividend Equivalents, cash dividends, stock and any other property (other than cash) distributed as a dividend or otherwise
with respect to any Performance Share or Performance Unit Award shall either (a) not be paid or credited or (b) be accumulated,
and in any event shall be subject to restrictions and risk of forfeiture to the same extent as the underlying Award with respect
to which such cash, stock or other property has been distributed and shall not be paid unless and until the time such restrictions
and risk of forfeiture lapse.

 

9.8.             Adjustments. The Committee may adjust (upwards or downwards) the amount payable pursuant to a performance-based Award.

 

    23

     

    

 

ARTICLE X

ANNUAL INCENTIVE AWARDS

 

10.1.          Authority
to Grant Annual Incentive Awards. Subject to the terms and provisions of the Plan, the Committee, at any time, and from time
to time, may grant Annual Incentive Awards under the Plan to key executive Employees who, by the nature and scope of their positions,
regularly directly make or influence policy decisions which significantly impact the overall results or success of the Company
in such amounts and upon such terms as the Committee shall determine. The amount of any Annual Incentive Awards shall be based
on the attainment of such Performance Goals as the Committee may determine.

 

10.2.          Written Agreement. Each Annual Incentive Award shall be evidenced by an Award Agreement that contains any vesting,
transferability restrictions and other provisions not inconsistent with the Plan as the Committee may specify.

 

10.3.           Form
of Payment Under Annual Incentive Award. Payment under an Annual Incentive Award shall be made in cash and/or shares of Stock
as specified in the Holder’s Award Agreement.

 

10.4.           Time
of Payment Under Annual Incentive Award.  A Holder’s payment under an Annual Incentive Award shall be made at such time
as is specified in the applicable Award Agreement. The Award Agreement shall specify that the payment will be made (a) by a date
that is no later than the date that is two and one-half (2 1/2) months after the end of the calendar year in which the Annual
Incentive Award payment is no longer subject to a Substantial Risk of Forfeiture or (b) at a time that is Permissible under Section
409A.

 

    24

     

    

 

ARTICLE XI

OTHER STOCK-BASED AWARDS

 

11.1.           Authority
to Grant Other Stock-Based Awards. The Committee may grant to eligible persons other types of equity-based or equity-related
Awards not otherwise described by the terms and provisions of the Plan (including the grant or offer for sale of unrestricted
shares of Stock) in such amounts and subject to such terms and conditions, as the Committee shall determine. Such Awards may involve
the transfer of actual shares of Stock to Holders, or payment in cash or otherwise of amounts based on the value of shares of
Stock and may include, without limitation, Awards designed to comply with or take advantage of the applicable local laws of jurisdictions
other than the United States.

 

11.2.           Value
of Other Stock-Based Award. Each Other Stock-Based Award shall be expressed in terms of shares of Stock or units based on
shares of Stock, as determined by the Committee.

 

11.3.           Payment of Other Stock-Based Award. Payment, if any, with respect to an Other Stock-Based Award shall be made in
accordance with the terms of the Award, in cash or shares of Stock as the Committee determines.

 

11.4.           Termination
of Employment. The Committee shall determine the extent to which a Holder’s rights with respect to Other Stock-Based
Awards shall be affected by the Holder’s Termination of Employment. Such provisions shall be determined in the sole discretion
of the Committee and need not be uniform among all Other Stock-Based Awards issued pursuant to the Plan.

 

    25

     

    

 

ARTICLE XII

CASH-BASED AWARDS

 

12.1.           Authority
to Grant Cash-Based Awards. Subject to the terms and provisions of the Plan, the Committee, at any time, and from time to
time, may grant Cash-Based Awards under the Plan to eligible persons in such amounts and upon such terms as the Committee shall
determine.

 

12.2.           Value
of Cash-Based Award. Each Cash-Based Award shall specify a payment amount or payment range as determined by the Committee.

 

12.3.           Payment
of Cash-Based Award. Payment, if any, with respect to a Cash-Based Award shall be made in accordance with the terms of the
Award, in cash.

 

12.4.           Termination
of Employment. The Committee shall determine the extent to which a Holder’s rights with respect to Cash-Based Awards
shall be affected by the Holder’s Termination of Employment. Such provisions shall be determined in the sole discretion
of the Committee and need not be uniform among all Cash-Based Awards issued pursuant to the Plan.

 

    26

     

    

 

ARTICLE XIII

SUBSTITUTION AWARDS

 

Awards may be granted
under the Plan from time to time in substitution for stock options and other awards held by employees of other entities who are
about to become Employees, or whose employer is about to become an Affiliate as the result of a merger or consolidation of the
Company with another corporation, or the acquisition by the Company of substantially all the assets of another corporation, or
the acquisition by the Company of at least fifty percent (50%) of the issued and outstanding stock of another corporation as the
result of which such other corporation will become a subsidiary of the Company. The terms and conditions of the substitute Awards
so granted may vary from the terms and conditions set forth in the Plan to such extent as the Board at the time of grant may deem
appropriate to conform, in whole or in part, to the provisions of the Award in substitution for which they are granted.

 

    27

     

    

 

ARTICLE XIV

ADMINISTRATION

 

14.1.           Awards.
The Plan shall be administered by the Committee or, in the absence of the Committee, the Plan shall be administered by the
Board. The members of the Committee shall serve at the discretion of the Board. The Committee shall have full and exclusive power
and authority to administer the Plan and to take all actions that the Plan expressly contemplates or are necessary or appropriate
in connection with the administration of the Plan with respect to Awards granted under the Plan.

 

To the extent not inconsistent
with applicable law or the rules and regulations of the principal U.S. national securities exchange on which the shares of Stock
are traded, the Committee may (a) delegate to  a committee of one or more directors of the Company any of the authority of
the Committee under the Plan, including the right to grant, cancel or suspend Awards and (b) authorize one or more executive officers
to do one or more of the following with respect to Employees who are not Directors or executive officers of the Company (i) designate
Employees to be recipients of Awards; (ii) determine the number of shares subject to such Awards to be received by such Employees;
and (iii) cancel or suspend Awards to such Employees; provided that any resolution of the Committee authorizing such officer(s)
must specify the total number of shares subject to Awards that such officer(s) may so award and the Committee may not authorize
any officer to designate himself or herself as the recipient of an Award.

 

14.2.           Authority
of the Committee. The Committee shall have full and exclusive power to interpret and apply the terms and provisions of the
Plan and Awards made under the Plan, and to adopt such rules, regulations and guidelines for implementing the Plan as the Committee
may deem necessary or proper, all of which powers shall be exercised in the best interests of the Company and in keeping with
the objectives of the Plan. A majority of the members of the Committee shall constitute a quorum for the transaction of business,
and the vote of a majority of those members present at any meeting shall decide any question brought before that meeting. Any
decision or determination reduced to writing and signed by a majority of the members shall be as effective as if it had been made
by a majority vote at a meeting properly called and held. All questions of interpretation and application of the Plan, or as to
Awards granted under the Plan, shall be subject to the determination, which shall be final and binding, of a majority of the whole
Committee. No member of the Committee shall be liable for any act or omission of any other member of the Committee or for any
act or omission on his own part, including but not limited to the exercise of any power or discretion given to him under the Plan,
except those resulting from his own gross negligence or willful misconduct. In carrying out its authority under the Plan, the
Committee shall have full and final authority and discretion, including but not limited to the following rights, powers and authorities
to (a) determine the persons to whom and the time or times at which Awards will be made; (b) determine the number and exercise
price of shares of Stock covered in each Award subject to the terms and provisions of the Plan; (c) determine the terms, provisions
and conditions of each Award, which need not be identical and need not match the default terms set forth in the Plan; (d) accelerate
the time at which any outstanding Award will vest; (e) prescribe, amend and rescind rules and regulations relating to administration
of the Plan; and (f) make all other determinations and take all other actions deemed necessary, appropriate or advisable for the
proper administration of the Plan.

 

The Committee may correct
any defect or supply any omission or reconcile any inconsistency in the Plan or in any Award to a Holder in the manner and to the
extent the Committee deems necessary or desirable to further the Plan's objectives. Further, the Committee shall make all other
determinations that may be necessary or advisable for the administration of the Plan. As permitted by law and the terms and provisions
of the Plan, the Committee may delegate its authority as identified in this Section 14.2. The Committee may employ attorneys,
consultants, accountants, agents, and other persons, any of whom may be an Employee, and the Committee, the Company, and its officers
and Board shall be entitled to rely upon the advice, opinions, or valuations of any such persons.

 

    28

     

    

 

14.3.         
Decisions Binding. All determinations and decisions made by the Committee or the Board, as the case may be, pursuant
to the provisions of the Plan and all related orders and resolutions of the Committee or the Board, as the case may be, shall be
final, conclusive and binding on all persons, including the Company, its stockholders, its Affiliates, Holders and the estates
and beneficiaries of Holders.

 

14.4.         
No Liability. Under no circumstances shall the Company, its Affiliates, the Board or the Committee incur liability
for any indirect, incidental, consequential or special damages (including lost profits) of any form incurred by any person, whether
or not foreseeable and regardless of the form of the act in which such a claim may be brought, with respect to the Plan or the
Company's, an Affiliate’s, the Committee’s or the Board’s roles in connection with the Plan.

 

    29

     

    

 

ARTICLE XV

AMENDMENT OR TERMINATION OF PLAN

 

15.1.           Amendment,
Modification, Suspension, and Termination. The Board may, from time to time, alter, amend, suspend or terminate the Plan as
it shall deem advisable, subject to any requirement for stockholder approval imposed by applicable law, including the rules and
regulations of the principal U.S. national securities exchange on which the shares of Stock are traded; provided that the Board
may not amend the Plan in any manner that would result in noncompliance with Rule 16b-3 under the Exchange Act; and further provided
that the Board may not, without the approval of the Company's stockholders to the extent required by such applicable law, amend
the Plan to (a) increase the number of shares that may be the subject of Awards under the Plan (except for adjustments pursuant
to Section 4.5(b)), (b) expand the types of awards available under the Plan, (c) materially expand the class of persons eligible
to participate in the Plan, (d) amend Section 4.15 to eliminate the requirements relating to minimum exercise price, minimum grant
price and stockholder approval, or (e) increase the maximum permissible term of any Option or SAR. The Board may not (except pursuant
to Section 4.5(b) or in connection with a Change in Control), without the approval of the Company’s stockholders, cancel
an Option or SAR in exchange for cash when the exercise or grant price per share exceeds the Fair Market Value of one share or
take any action with respect to an Option or SAR that would be treated as a repricing under the rules and regulations of the principal
securities exchange on which the shares of Stock are traded, including a reduction of the exercise price of an Option or the grant
price of a SAR or the exchange of an Option or SAR for another Award.

 

15.2.           Awards Previously Granted. Notwithstanding any other provision of the Plan to the contrary, no termination, amendment,
suspension, or modification of the Plan or an Award Agreement shall adversely affect in any material way any Award previously granted
under the Plan, without the written consent of the Holder holding such Award.

 

    30

     

    

 

ARTICLE XVI

MISCELLANEOUS

 

16.1.         Unfunded
Plan/No Establishment of a Trust Fund. Holders shall have no right, title, or interest whatsoever in or to any investments
that the Company or any of its Affiliates may make to aid in meeting obligations under the Plan. 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 Company and any Holder, beneficiary, legal representative, or any other person. To the extent that any person acquires
a right to receive payments from the Company under the Plan, such right shall be no greater than the right of an unsecured general
creditor of the Company. All payments to be made hereunder shall be paid from the general funds of the Company and no special
or separate fund shall be established and no segregation of assets shall be made to assure payment of such amounts, except as
expressly set forth in the Plan. No property shall be set aside nor shall a trust fund of any kind be established to secure the
rights of any Holder under the Plan. The Plan is not intended to be subject to the Employee Retirement Income Security Act of
1974, as amended.

 

16.2.           No Employment Obligation. The granting of any Award shall not constitute an employment contract, express or implied,
nor impose upon the Company or any Affiliate any obligation to employ or continue to employ, or utilize the services of, any Holder.
The right of the Company or any Affiliate to terminate the employment of any person shall not be diminished or affected by reason
of the fact that an Award has been granted to him, and nothing in the Plan or an Award Agreement shall interfere with or limit
in any way the right of the Company or its Affiliates to terminate any Holder’s employment at any time or for any reason
not prohibited by law.

 

16.3.           Tax
Withholding. The Company or any Affiliate shall be entitled to deduct from other compensation payable to each Holder any sums
required by federal, state, local or foreign tax law to be withheld with respect to the vesting or exercise of an Award or lapse
of restrictions on an Award. In the alternative, the Company may require the Holder (or other person validly exercising the Award)
to pay such sums for taxes directly to the Company or any Affiliate in cash or by check within one day after the date of vesting,
exercise or lapse of restrictions. In the discretion of the Committee, and with the consent of the Holder, the Company may reduce
the number of shares of Stock issued to the Holder upon such Holder’s exercise of an Option to satisfy the tax withholding
obligations of the Company or an Affiliate; provided that the Fair Market Value of the shares of Stock held back shall not exceed
the Company’s or the Affiliate’s Minimum Statutory Tax Withholding Obligation, except as provided below. The Committee
may, in its discretion, permit a Holder to satisfy any Minimum Statutory Tax Withholding Obligation arising upon the vesting of
an Award by delivering to the Holder a reduced number of shares of Stock in the manner specified herein. If permitted by the Committee
and acceptable to the Holder, at the time of vesting of shares under the Award, the Company shall (a) calculate the amount
of the Company’s or an Affiliate’s Minimum Statutory Tax Withholding Obligation on the assumption that all such shares
of Stock vested under the Award are made available for delivery; (b) reduce the number of such shares of Stock made available
for delivery so that the Fair Market Value of the shares of Stock withheld on the vesting date approximates the Company’s
or an Affiliate’s Minimum Statutory Tax Withholding Obligation; and (c) in lieu of the withheld shares of Stock, remit
cash to the United States Treasury and/or other applicable governmental authorities, on behalf of the Holder, in the amount of
the Minimum Statutory Tax Withholding Obligation. The Company shall withhold only whole shares of Stock to satisfy its Minimum
Statutory Tax Withholding Obligation. Where the Fair Market Value of the withheld shares of Stock does not equal the amount of
the Minimum Statutory Tax Withholding Obligation, the Company shall withhold shares of Stock with a Fair Market Value slightly
less than the amount of the Minimum Statutory Tax Withholding Obligation and the Holder must satisfy the remaining minimum withholding
obligation in some other manner permitted under this Section 16.3. The withheld shares of Stock not made available for delivery
by the Company shall be retained as treasury shares or will be cancelled and the Holder’s right, title and interest in such
shares of Stock shall terminate. The Company shall have no obligation upon vesting or exercise of any Award or lapse of restrictions
on an Award until the Company or an Affiliate has received payment sufficient to cover the Minimum Statutory Tax Withholding Obligation
with respect to that vesting, exercise or lapse of restrictions. Neither the Company nor any Affiliate shall be obligated to advise
a Holder of the existence of the tax or the amount which it will be required to withhold.

 

    31

     

    

 

16.4.           Dividend
Equivalents. Subject to the provisions of the Plan and any Award Agreement, the recipient of an Award other than an Option
or SAR may, if so determined by the Committee, be entitled to receive Dividend Equivalents with respect to the number of shares
covered by the Award, as determined by the Committee, in its sole discretion. The Committee may provide that the Dividend Equivalents
(if any) shall be deemed to have been reinvested in additional shares or otherwise reinvested. Notwithstanding the foregoing,
Dividend Equivalents credited in connection with an Award that is subject to any vesting requirements (whether time or performance
based) shall be subject to the same restrictions and risk of forfeiture as the underlying Award and shall not vest unless and
until the underlying Award vests.

 

16.5.           Deferral.
The Committee shall be authorized to establish procedures pursuant to which the payment of any Award may be deferred; provided
that procedures shall be Permissible under Section 409A.

 

16.6.           Gender
and Number. If the context requires, words of one gender when used in the Plan shall include the other and words used in the
singular or plural shall include the other.

 

16.7.           Severability.
In the event any provision of the Plan shall be held illegal or invalid for any reason, the illegality or invalidity shall not
affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had
not been included.

 

16.8.           Headings. Headings of Articles and Sections are included for convenience of reference only and do not constitute
part of the Plan and shall not be used in construing the terms and provisions of the Plan.

 

16.9.           Other Compensation Plans. The adoption of the Plan shall not affect any other option, incentive or other compensation
or benefit plans in effect for the Company or any Affiliate, nor shall the Plan preclude the Company from establishing any other
forms of incentive compensation arrangements for Employees or Directors.

 

16.10.         Retirement
and Welfare Plans. Neither Awards made under the Plan nor shares of Stock or cash paid pursuant to such Awards, may be included
as “compensation” for purposes of computing the benefits payable to any Holder under the Company’s or any Affiliate’s
retirement plans (both qualified and non-qualified) or welfare benefit plans unless such other plan expressly provides that such
compensation shall be taken into account in computing a participant’s benefit.

 

16.11.         Other
Awards.  The grant of an Award shall not confer upon the Holder the right to receive any future or other Awards under the
Plan, whether or not Awards may be granted to similarly situated Holders, or the right to receive future Awards upon the same
terms or conditions as previously granted.

 

16.12.         Successors.
All obligations of the Company under the Plan with respect to Awards granted hereunder shall be binding on any successor to
the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or
otherwise, of all or substantially all of the business and/or assets of the Company.

 

16.13.         Law Limitations/Governmental Approvals. The granting of Awards and the issuance of shares of Stock under the Plan
shall be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental agencies or national
securities exchanges as may be required.

 

16.14.         Delivery
of Title. The Company shall have no obligation to issue or deliver evidence of title for shares of Stock issued under the
Plan prior to (a) obtaining any approvals from governmental agencies that the Company determines are necessary or advisable; and
(b) completion of any registration or other qualification of the Stock under any applicable national or foreign law or ruling
of any governmental body that the Company determines to be necessary or advisable.

 

    32

     

    

 

16.15.          Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction,
which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any shares of Stock
hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such shares of Stock as to which
such requisite authority shall not have been obtained.

 

16.16.          Investment
Representations. The Committee may require any person receiving Stock pursuant to an Award under the Plan to represent and
warrant in writing that the person is acquiring the shares of Stock for investment and without any present intention to sell or
distribute such Stock.

 

16.17.          Persons Residing Outside of the United States. Notwithstanding any provision of the Plan to the contrary, in order
to comply with the laws in other countries in which the Company or any of its Affiliates operates or has Employees, the Committee,
in its sole discretion, shall have the power and authority to (a)determine which Affiliates shall be covered by the Plan; (b) determine
which persons employed outside the United States are eligible to participate in the Plan; (c) amend or vary the terms and provisions
of the Plan and the terms and conditions of any Award granted to persons who reside outside the United States; (d) establish subplans
and modify exercise procedures and other terms and procedures to the extent such actions may be necessary or advisable-any subplans
and modifications to Plan terms and procedures established under this Section 16.17 by the Committee shall be attached to
the Plan document as Appendices; and (e) take any action, before or after an Award is made, that it deems advisable to obtain or
comply with any necessary local government regulatory exemptions or approvals. Notwithstanding the above, the Committee may not
take any actions hereunder, and no Awards shall be granted, that would violate the Exchange Act, the Code, any securities law or
governing statute or any other applicable law.

 

16.18.         Arbitration
of Disputes. Any controversy arising out of or relating to the Plan or an Award Agreement shall be resolved by arbitration
conducted pursuant to the arbitration rules of the American Arbitration Association. The arbitration shall be final and binding
on the parties.

 

16.19.       Governing Law. The provisions of the Plan and the rights of all persons claiming thereunder shall be construed, administered
and governed under the laws of the State of Texas. Unless otherwise provided in the Award Agreement, recipients of an Award under
the Plan are deemed to submit to the exclusive jurisdiction and venue of the federal or state courts of Texas, to resolve any and
all issues that may arise out of or relate to the Plan or any related Award Agreement.

 

    33Exhibit

DESCRIPTION OF THE REGISTRANT’S SECURITIES REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934
The following description summarizes certain of the terms of the capital stock of Amicus Therapeutics, Inc. This description does not purport to be complete and is qualified in its entirety by reference to our restated certificate of incorporation, as amended, and our amended and restated bylaws, each of which are incorporated by reference as an exhibit to the Annual Report on Form 10-K of which this Exhibit is a part. We encourage you to read our amended and restated certificate of incorporation, bylaws and the applicable provisions of Delaware law for additional information. Unless the context requires otherwise, all references to “we”, “us,” “our” and “Company” in this section refer solely to Amicus Therapeutics, Inc. and not to any subsidiaries that we may have from time to time.

DESCRIPTION OF OUR COMMON STOCK
General
        We are authorized to issue 500,000,000 shares of common stock, $0.01 par value per share. Holders of our common stock are entitled to one vote for each share held on all matters submitted to a vote of stockholders and do not have cumulative voting rights. An election of directors by our stockholders shall be determined by a plurality of the votes cast by the stockholders entitled to vote on the election. Holders of common stock are entitled to receive proportionately any dividends as may be declared by our board of directors, subject to any preferential dividend rights of any outstanding preferred stock.
        In the event of our liquidation or dissolution, the holders of common stock are entitled to receive proportionately all assets available for distribution to stockholders after the payment of all debts and other liabilities and subject to the prior rights of any outstanding preferred stock. Holders of common stock have no preemptive, subscription, redemption or conversion rights. The rights, preferences and privileges of holders of common stock are subject to and may be adversely affected by the rights of the holders of shares of any series of preferred stock that we may designate and issue in the future.
Transfer Agent and Registrar
        The transfer agent and registrar for our common stock is American Stock Transfer and Trust Company.
The NASDAQ Global Market
        Our common stock is listed on the NASDAQ Global Market under the symbol "FOLD."
DESCRIPTION OF OUR PREFERRED STOCK
        We are authorized to issue up to 10,000,000 shares of preferred stock, par value $0.01 per share. Our board of directors may, without further action by our stockholders, from time to time, direct the issuance of shares of preferred stock in series and may, at the time of issuance, determine the rights, preferences and limitations of each series, including voting rights, dividend rights and redemption and liquidation preferences. Satisfaction of any dividend preferences of outstanding shares of our preferred stock would reduce the amount of funds available for the payment of dividends on shares of our common stock. Holders of shares of our preferred stock may be entitled to receive a preference payment in the event of any liquidation, dissolution or winding-up of the Company before any payment is made to the holders of shares of our common stock. In some circumstances, the issuance of shares of preferred stock may render more difficult or tend to discourage a merger, tender offer or proxy contest, the assumption of control by a holder of a large block of our securities or the removal of incumbent management. Upon the affirmative vote of our board of directors, without stockholder approval, we may issue shares of preferred stock with voting and conversion rights which could adversely affect the holders of shares of our common stock.
        We currently do not have any shares of preferred stock outstanding. Should we choose to offer a specific series of preferred stock, we will describe the terms of the preferred stock in the prospectus supplement for such offering and will file a copy of the certificate establishing the terms of the preferred stock with the SEC.

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