Document:

EX-10.19

 Exhibit 10.19 

MALLARD HOLDCO, LLC 
 AWARD
AGREEMENT 
 THIS AWARD AGREEMENT (this “Agreement”) is made as of this
                day of                 ,
                , (the “Grant Date”) between Mallard Holdco, LLC, a Delaware limited liability company (the “Company”), and the
undersigned Recipient (the “Recipient”). Any capitalized terms used but not defined herein shall have the meanings ascribed to them in the Plan (as defined below). 

WHEREAS, the Company desires to grant to the Recipient an Award pursuant to the terms of the Amended and Restated Mallard Holdco, LLC 2016
Equity Incentive Plan, as it may be amended from time to time, (the “Plan”); and 
 WHEREAS, the parties hereto believe
that it would be in the best interests of the Company and its Affiliates if they agree, as provided in this Agreement, on certain matters relating to confidentiality, restricted activities and the Recipient’s Award. 

NOW THEREFORE, in consideration of the foregoing, the agreements set forth below and the parties’ desire to further the interests of the
Company and its Affiliates, the parties hereby agree with each other as follows: 
 1. Grant. Subject to the terms set forth in this Agreement and in
the Plan, the Company hereby grants to the Recipient                Class M Common Units with a Distribution Threshold of $
                . 
  

	2.	 Vesting; Repurchase Rights. 

 

	 	(a)	 Vesting. 

  

	 	(i)	                  of the
Class M Common Units granted pursuant to this Award shall vest                . 

 

	 	(ii)	 For purposes of this Agreement and the Plan, the portion of the Award that is or becomes vested, and is not
forfeited, in each case in accordance with the provisions of this Agreement, is referred to as “Vested” and the portion of the Award that has not become vested pursuant to the terms of this Agreement is referred to is
“Unvested”. 

	 	(iii)	 In the event of the termination of the Recipient’s Employment for any reason, no additional portion of the
Award will become Vested at or after the time of such termination of Employment and the Unvested portion of the Award shall immediately be forfeited without any further action for no consideration due to the Recipient. The Recipient’s retention
of the Vested portion of the Award shall in all cases be conditioned upon the Recipient signing and returning to the Company (without revoking) a timely and effective general release of claims in customary form provided by the Company by the
deadline specified therein, which in all events shall become effective and irrevocable not later than the sixtieth (60th) calendar day following the date of termination of Employment.

	 	(iv)	 In the event that (A) the Recipient’s Employment is terminated for Cause (as hereinafter defined),
(B) the Board or the Company determines within the 12 months following termination of the Recipient’s Employment that grounds for termination for Cause (as hereinafter defined) existed at the time of termination of the Recipient’s
Employment, (C) the Recipient (I) breaches any of the Restrictive Covenants or (II) engages in any Restricted Activities (in each case as hereinafter defined) while the Recipient is a member of the Company (provided, that the
forfeiture provision set forth in this Section 2(a)(iv)(C)(II) shall terminate upon the first anniversary of the termination of the Recipient’s Employment) or (D) the Recipient fails to agree to provide up to six months of transition
services, if requested by the Board prior to a Company Sale, but only to the extent that (i) the Recipient’s duties and base compensation are consistent with the Recipient’s duties and base compensation immediately prior to such
Company Sale, to the Company, any of its Affiliates or a successor or purchaser thereof in connection with a Company Sale and (ii) the Recipient is eligible to receive the pro-rated portion of his or her
bonus attributable to the transition period, the entirety of the Award granted hereunder shall automatically be forfeited for no consideration due to the Recipient, without any further action or payment and whether or not some or all of such Award
was or had become Vested at the time of such termination of Employment. For purposes of this Agreement, “Cause” shall mean the occurrence of any of the following, as determined by the Board in its reasonable judgment: (i) the
Recipient’s material failure to perform (other than by reason of disability), or substantial negligence in the performance of, the Recipient’s duties and responsibilities to the Company or any of its Affiliates; (ii) the
Recipient’s material breach of this Agreement, the LLC Agreement or any other agreement between the Recipient and the Company or any of its Affiliates; (iii) the Recipient’s commission of, or plea of nolo contendere to, a felony or
other crime involving moral turpitude; or (iv) other conduct by the Recipient that is or could reasonably be expected to be materially harmful to the business interests or reputation of the Company or any of its Affiliates. Notwithstanding the
foregoing, if the Recipient is party to an employment, severance-benefit, change in control or similar agreement with the Company or any Affiliate of the Company that contains a definition of “Cause” (or a correlative term), such
definition will apply (in the case of such Recipient) in lieu of the definition set forth above for so long as such agreement remains in effect. 

	 	(b)	 Repurchase Rights. In the event of the termination of the Recipient’s Employment, the Vested
portion of the Award shall be subject to the repurchase provisions set forth in the LLC Agreement. 

  

	 	(c)	 Restricted Activities. For purposes of this Agreement, “Restricted Activities” shall
mean, other than in furtherance of the business of the Company or its subsidiaries: 

  

	 	i)	 Directly or indirectly, whether as an owner, partner, investor, consultant, agent, employee, co-venturer or otherwise, engaging in or competing with, or undertaking any planning to engage in or compete with, all or any portion of the business conducted or in active planning to be conducted by the Company or
any of its subsidiaries or any of their respective Affiliates at any time while the Recipient holds an Award (the “Restricted Business”), in any geographic area in which the Restricted Business is conducted or in active planning to
be conducted at any time while the Recipient holds an Award; 

  

	 	ii)	 Directly or indirectly (A) soliciting or encouraging any customer, vendor, supplier, or other business
partner of the Company or any of subsidiaries or any of their respective Affiliates to terminate or diminish his, her or its relationship with any of them or (B) seeking to persuade any such customer, vendor, supplier, or other business
partner, or any prospective customer, vendor, supplier, or other business partner of the Company or any of its subsidiaries or any of their respective Affiliates, to conduct with anyone else any business or activity which such business partner or
prospective business partner conducts or could conduct with the Company or any of its subsidiaries or any of their respective Affiliates; provided, however, that these restrictions shall apply only with respect to those Persons who are
or have been a business partner of the Company or any of its subsidiaries or any of their respective Affiliates at any time within the immediately preceding twenty-four (24)-month period or whose business has been solicited on behalf of the Company
or any of its subsidiaries or any of their respective Affiliates by any of their officers, employees or agents within such twenty-four (24)-month period, other than by form letter, blanket mailing or published advertisement; or

  

	 	iii)	 Directly or indirectly (A) hiring or engaging, or soliciting for hiring or engagement, any employee of the
Company or any of its subsidiaries or any of their respective Affiliates or seeking to persuade any such employee to discontinue employment or (B) soliciting or encouraging any independent contractor providing services to the Company or any of
its subsidiaries or any of their respective Affiliates to terminate or diminish his, her of its relationship with any of them. For the purposes of this Section 2(c), an “employee” or an “independent
contractor” of the Company or any of its subsidiaries or any of their respective Affiliates is any Person who was such at any time during the immediately preceding twenty-four (24)-month period. 

 3. Restrictive Covenants. As a condition to and in consideration of the grant of Class M Common
Units to the Recipient hereunder, the Recipient acknowledges and agrees that the Recipient shall not engage in Restricted Activities while the Recipient is Employed by Company or its subsidiaries and shall be subject to the other restrictive
covenants set forth in this Section 3, in addition to any confidentiality, non-competition, non-solicitation, no-hire, non-disparagement, invention assignment, cooperation or other similar obligations of the Recipient to the Company or any of its Affiliates (such obligations, together with the restrictive covenants set forth in this
Section 3, the “Restrictive Covenants”). 
  

	 	(a)	 Confidential Information. During the course of the Recipient’s Employment, the Recipient has
learned and will continue to learn of Confidential Information, and has developed and will continue to develop Confidential Information on behalf of the Company and its Affiliates. The Recipient agrees not to use or disclose to any Person (except as
required by applicable law or for the proper performance of the Recipient’s duties and responsibilities for the Company and/or any of its Affiliates) any Confidential Information obtained by the Recipient incident to the Recipient’s
Employment or any other association with the Company or any of its Affiliates. The Recipient agrees that this restriction will continue to apply after the Recipient’s Employment terminates, regardless of the reason for such termination. For the
avoidance of doubt, (i) nothing contained in this Agreement limits, restricts or in any other way affects the Recipient’s communicating with any governmental agency or entity, or communicating with any official or staff person of a
governmental agency or entity, concerning matters relevant to such governmental agency or entity and (ii) the Recipient will not be held criminally or civilly liable under any federal or state trade secret law for disclosing a trade secret
(A) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney, solely for the purpose of reporting or investigating a suspected violation of law, or (B) in a complaint or other
document filed under seal in a lawsuit or other proceeding; provided, however, that notwithstanding the foregoing immunity from liability, the Recipient may be held liable if the Recipient unlawfully accesses any trade secret by
unauthorized means. For purposes of this Agreement, “Confidential Information” means any and all information of the Company and/or any of its Affiliates that is not generally available to the public. Confidential Information also
includes any information received by the Company or any of its Affiliates from any Person with any understanding, express or implied, that it will not be disclosed. Confidential Information does not include any information that enters the public
domain, other than through the Recipient’s breach of his or her obligations under this Agreement or any other agreement between the Recipient and the Company or any of its Affiliates. 

	 	(b)	 Assignment of Rights to Intellectual Property. The Recipient shall promptly and fully disclose all
Intellectual Property to the Company or its applicable Affiliate. The Recipient hereby assigns and agrees to assign to the Company (or its Affiliate or other entity to the extent directed by the Company) the Recipient’s full right, title and
interest in and to all Intellectual Property. The Recipient agrees to execute any and all applications for domestic and foreign patents, copyrights or other proprietary rights and to do such other acts (including without limitation the execution and
delivery of instruments of further assurance or confirmation) requested by the Company to assign the Intellectual Property to the Company (or its Affiliate or other entity, to the extent directed by the Company) and to permit the Company (or
Affiliate or other entity, to the extent applicable) to enforce any patents, copyrights or other proprietary rights to the Intellectual Property. The Recipient will not charge the Company or any of its Affiliates for time spent in complying with the
foregoing obligations. All copyrightable works that the Recipient creates during the Recipient’s Employment shall be considered a “work made for hire” and shall, upon creation, be owned exclusively by the Company or its applicable
Affiliate. For purposes of this Agreement, “Intellectual Property” means any invention, discovery, development, method, process, composition, work, concept or idea (whether or not patentable or copyrightable or constituting a trade
secret) (collectively, “Inventions”) conceived, made, created, developed or reduced to practice by the Recipient (whether alone or with others, whether or not during normal business hours or on or off the premises of the Company or
any of its Affiliates) during the Recipient’s Employment that relate either to the business of the Company or any of its Affiliates or to any prospective activity of the Company or any of its Affiliates or that result from any work performed by
the Recipient for the Company or any of its Affiliates or that make use of Confidential Information or any of the equipment or facilities of the Company or any of its Affiliates. Notwithstanding the foregoing, Intellectual Property does not include
any Invention that qualifies fully for exclusion under the provisions of California Labor Code Section 2870, the terms of which are set forth in Schedule I to this Agreement. 

4. Severability. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other
provision of this Agreement, and each other provision of this Agreement shall be severable and enforceable to the extent permitted by law. 
 5. Binding
Effect. This Agreement shall be binding upon and inure to the benefit of the Company and the Recipient and their respective heirs, executors, administrators, legal representatives, successors and assigns. 

6. No Rights to Employment. Nothing contained in this Agreement shall be construed as giving the Recipient any right to be retained, in any position, as
an employee or other service provider of the Company or any Affiliate thereof. 

 7. Election under Section 83(b). The Recipient and the Recipient’s spouse, if
applicable, shall execute and deliver to the Company within fifteen (15) days of the Grant Date, a copy of the Acknowledgment and Statement of Decision Regarding Election Pursuant to Section 83(b) of the Code (the
“Acknowledgment”) substantially in the form attached hereto as Attachment A, together with a copy of the Election Pursuant to Section 83(b) of the Code, substantially in the form attached hereto as Attachment B,
which the Recipient and the Recipient’s spouse, if applicable, shall have filed with the appropriate Internal Revenue Service office. The Recipient should consult his or her tax advisor to determine if there is a comparable election to file in
the state of his or her residence and whether such filing is desirable under the circumstances. 
 8. Consultation with Counsel. The Recipient hereby
acknowledges and represents that he or she has had the opportunity to consult with independent legal counsel regarding his or her rights and obligations under this Agreement and that he or she fully understands the terms and conditions contained
herein. 
 9. Notice. All notices required or permitted hereunder shall be in writing and deemed effectively given upon personal delivery or upon
deposit in the United States Post Office, by registered or certified mail, postage prepaid, addressed to the other party hereto at the address shown beneath his or its respective signature to this Agreement, or at such other address or addresses as
either party shall designate to the other in accordance with this Section 9. 
 10. Unit Certificate Restrictive Legends. Certificated
Class M Common Units evidencing the Award, to the extent such certificates are issued, may bear such restrictive legends as the Company and/or the Company’s counsel may deem necessary or advisable under applicable law or pursuant to this
Agreement, including, without limitation, the following legends: 
 “THE UNITS OR OTHER INTERESTS REPRESENTED BY THIS CERTIFICATE WERE
ORIGINALLY ISSUED ON                 , HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR APPLICABLE STATE SECURITIES LAWS
(“STATE ACTS”) AND MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR STATE ACTS OR AN EXEMPTION FROM REGISTRATION THEREUNDER. THE TRANSFER OF THE UNITS REPRESENTED BY THIS CERTIFICATE IS
SUBJECT TO THE CONDITIONS SPECIFIED IN THE SECOND AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT, DATED AS OF AUGUST 15, 2017, AS IT MAY BE AMENDED FROM TIME TO TIME, GOVERNING THE ISSUER (THE “COMPANY”) AND BY AND AMONG THE
MEMBERS. A COPY OF SUCH AGREEMENT SHALL BE FURNISHED BY THE COMPANY TO THE HOLDER HEREOF UPON WRITTEN REQUEST AND WITHOUT CHARGE.” 
 11.
Pronouns. Whenever the context may require, any pronouns used in this Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns and pronouns shall include the plural, and vice versa. 

 12. Entire Agreement. This Agreement, the Plan and the LLC Agreement constitute the entire agreement
between the parties, and supersede all prior agreements and understandings, relating to the subject matter of this Agreement. 
 13. Governing Law.
This Agreement shall be construed, interpreted and enforced in accordance with the laws of the State of Delaware. In the event of any alleged breach or threatened breach of this Agreement, the parties hereby consent and submit to the jurisdiction of
the federal and state courts in and of the State of Delaware and to service of legal process in the State of Delaware. 
 14. Power of Attorney. The
Recipient hereby irrevocably constitutes and appoints each of the Company and any of its officers with full power of substitution, acting jointly or severally, as its
attorney-in-fact and agent to sign, execute and deliver, in its name and on its behalf, all or any such agreement, deeds, instruments, documents and/or any counterpart
thereof or certificates or to take any such action as it deems necessary from time to time or as is required under any applicable law to admit the Recipient as a member of the Company or to conduct the affairs of the Company, including (without
limitation) the power and authority to sign, execute and deliver (or attach signature pages to) (i) the LLC Agreement and (ii) any amendment to the LLC Agreement adopted in accordance with its terms. This power of attorney is given to
secure the obligations of the Recipient hereunder and deemed coupled with an interest of the Company and is irrevocable. The Recipient shall, as a condition to the issuance of the Award hereunder, execute and deliver to the Company a signature page
to the LLC Agreement, agreeing to be bound by the terms thereof as a Class M Member thereunder. 
 [The remainder of this page is
intentionally left blank.] 

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

			
	Mallard Holdco, LLC
		
	By:	 	          

	Name:	 	
	Title:	 	
	
	  

	 Name of Recipient:

Address:

 Schedule I 

Invention Assignment Notice 

You are hereby notified that the Award Agreement between you and MALLARD HOLDCO, LLC, dated as of
                , does not apply to any invention which qualifies fully for exclusion under the provisions of Section 2870 of the California Labor Code. The
following is the text of California Labor Code § 2870: 
 CALIFORNIA LABOR CODE SECTION 2870 

(a) Any provision in an employment agreement which provides that an employee shall assign, or offer to assign, any of his or her rights in an
invention to his or her employer shall not apply to an invention that the employee developed entirely on his or her own time without using the employer’s equipment, supplies, facilities, or trade secret information except for those inventions
that either: 
  

	 	(1)	 Relate at the time of conception or reduction to practice of the invention to the employer’s business, or
actual or demonstrably anticipated research or development of the employer; or 

  

	 	(2)	 Result from any work performed by the employee for the employer. 

(b) To the extent a provision in an employment agreement purports to require an employee to assign an invention otherwise excluded from being
required to be assigned under subdivision (a), the provision is against the public policy of this state and is unenforceable. 
  

			
	MALLARD HOLDCO, LLC
		
	By:	 	          

		 	Name:
		 	Title:

  

	
	I acknowledge receiving a copy of this Invention Assignment Notice:
	
	  

	
	Date: ______________________EX-10.22

 Exhibit 10.22 

THE DUCKHORN PORTFOLIO, INC. 

2021 CASH INCENTIVE PLAN 
  

	1.	 DEFINED TERMS 

Exhibit A, which is incorporated by reference, defines certain terms used in the Plan and sets forth operational rules related to those
terms. 
  

	2.	 PURPOSE 

The Plan has been established to advance the interests of the Company by providing for the grant of cash-based incentive Awards. 

 

	3.	 ADMINISTRATION 

The Plan will be administered by the Administrator. The Administrator has discretionary authority, subject only to the express provisions of
the Plan, to interpret the Plan and any Award; to determine eligibility for and grant Awards; to adjust the Performance Criterion or Criteria applicable to Awards; to determine, modify or waive the terms and conditions of any Award; to prescribe
forms, rules and procedures relating to the Plan and Awards; and to otherwise do all things necessary or desirable to carry out the purposes of the Plan or any Award. Determinations of the Administrator made with respect to the Plan or any Award are
conclusive and bind all persons. 
  

	4.	 ELIGIBILITY AND PARTICIPATION 

The Administrator may select Participants from among executive officers and key employees of the Company and its subsidiaries. 

 

	5.	 GRANT OF AWARDS 

A Participant who is granted an Award will be entitled to a payment, if any, in respect of the Award only if all conditions to payment have
been satisfied in accordance with the Plan and the terms of the Award, except as otherwise determined by the Administrator in accordance with Section 6 below. By accepting (or being deemed to have accepted) an Award, the Participant agrees or
will be deemed to have agreed to the terms and condition of the Award and the Plan. The Administrator will select the Participants, if any, who receive Awards for each Performance Period and, for each Award, will establish the following: 

(a) the Performance Criterion or Criteria applicable to the Award; 

(b) the amount or amounts that will be payable (subject to adjustment in accordance with Section 6 below) if the Performance
Criterion or Criteria are achieved in whole or in part; and 
 (c) such other terms and conditions as the Administrator determines
with respect to the Award. 

  
 1 

	6.	 DETERMINATION OF PERFORMANCE AND AMOUNTS PAYABLE 

As soon as practicable after the end of the applicable Performance Period, the Administrator will determine whether and to what extent, if at
all, the Performance Criterion or Criteria applicable to each Award granted for such Performance Period have been satisfied. The Administrator will then determine the amount payable, if any, under each Award. The Administrator may, in its sole
discretion and with or without specifying its reasons for doing so, after determining the amount that would otherwise be payable in respect of any Award, adjust the actual payment, if any, to be made with respect to such Award. The Administrator may
exercise the discretion described in the immediately preceding sentence either in individual cases or in ways that affect more than one Participant. In each case, the Administrator’s discretionary determination, which may affect different
Awards differently, is conclusive and will bind all persons. 
  

	7.	 PAYMENTS 

The Administrator will determine the payment dates for Awards under the Plan. Except as otherwise determined by the Administrator: 

(a) all payments under the Plan will be made, if at all, not later than the later of (i) two and
one-half months following the end of the Company’s fiscal year in which the Performance Period ends and (ii) March 15th of the calendar year
immediately following the calendar year in which the Performance Period ends; 
 (b) payment will not be made with respect to an Award
unless the Participant has remained employed with the Company and its subsidiaries through the date of payment; and 
 (c) awards
under the Plan are intended to qualify for exemption from Section 409A of the Code and shall be construed and administered accordingly. 

Notwithstanding anything herein to the contrary, the Administrator may authorize elective deferrals of any Award payments in accordance with the deferral
rules of Section 409A. 
  

	8.	 TAX WITHHOLDING 

All payments under the Plan will be reduced by all tax and other amounts required to be withheld with respect to the payment. Any amounts
withheld pursuant to this Section 8 will be treated as though such amounts had been paid directly to the applicable Participant. 
  

	9.	 AMENDMENT AND TERMINATION 

The Administrator may at any time or times amend the Plan or any outstanding Award for any purpose which may at the time be permitted by
applicable law, and may at any time terminate the Plan as to any future grants of Awards. For the avoidance of doubt, no adjustment to any Award or determination made with respect to any Award, in
each case, in accordance with the terms of the Plan will be treated as an amendment that requires the consent of any Participant. 

  
 2 

	10.	 RECOVERY OF COMPENSATION 

The Administrator may provide in any case that any outstanding Award and any amounts received in respect of any Award will be subject to
forfeiture and disgorgement to the Company, with interest and other related earnings, if the Participant to whom the Award was granted is not in compliance with any provision of the Plan or any applicable Award or any
non-competition, non-solicitation, no-hire, non-disparagement, confidentiality, invention
assignment or other restrictive covenant by which he or she is bound. In addition, each Award will be subject to any policy of the Company or any of its affiliates that provides for forfeiture, disgorgement or clawback with respect to incentive
compensation that includes Awards under the Plan and will be further subject to forfeiture and disgorgement to the extent required by law or applicable stock exchange listing standards, including, without limitation, Section 10D of the
Securities Exchange Act of 1934, as amended. Each Participant, by accepting (or being deemed to have accepted) an Award under the Plan, agrees (or will be deemed to have agreed) to the provisions of this Section 10 and any clawback, recoupment
or similar policy of the Company or any of its subsidiaries and further agrees (or will be deemed to have further agreed) to cooperate fully with the Administrator to effectuate any forfeiture or disgorgement described in this Section 10.
Neither the Administrator nor the Company nor any other person, other than the Participant, will be responsible for any adverse tax or other consequences to a Participant that may arise in connection with this Section 10. 

 

	11.	 MISCELLANEOUS 

(a) Waiver of Jury Trial. By accepting (or being deemed to have accepted) an Award under the Plan, each Participant
waives (or will be deemed to have waived), to the maximum extent permitted under applicable law, any right to a trial by jury in any action, proceeding or counterclaim concerning any rights under the Plan or any Award, or under any amendment,
waiver, consent, instrument, document or other agreement delivered or which in the future may be delivered in connection therewith, and agrees (or will be deemed to have agreed) that any such action, proceedings or counterclaim will be tried before
a court and not before a jury. By accepting (or being deemed to have accepted) an Award under the Plan, each Participant certifies that no officer, representative, or attorney of the Company has represented, expressly or otherwise, that the Company
would not, in the event of any action, proceeding, or counterclaim, seek to enforce the foregoing waivers. Notwithstanding anything to the contrary in the Plan, nothing herein is to be construed as limiting the ability of the Company and a
Participant to agree to submit any dispute arising under the terms of the Plan or any Award to binding arbitration or as limiting the ability of the Company to require any individual to agree to submit such disputes to binding arbitration as a
condition of receiving an Award hereunder. 
 (b) Section 409A. Without limiting
the generality of Section 11(c) hereof, each Award will contain such terms as the Administrator determines and will be construed and administered, such that the Award either qualifies for an exemption from the requirements of Section 409A
or satisfies such requirements. Notwithstanding anything to the contrary in the Plan or any Award agreement, the Administrator may unilaterally amend, modify or terminate the Plan or any outstanding Award, including but not limited to changing the
form of the Award, if the Administrator determines that such amendment, modification or termination is necessary or desirable to avoid the imposition of an additional tax, interest or penalty under Section 409A. If

  
 3 

 
a Participant is determined on the date of the Participant’s termination of Employment to be a “specified employee” within the meaning of that term under Section 409A(a)(2)(B)
of the Code, then, with regard to any payment that is considered nonqualified deferred compensation under Section 409A, to the extent applicable, payable on account of a “separation from service”, such payment will be made or provided
on the date that is the earlier of (i) the first business day following the expiration of the six-month period measured from the date of such “separation from service” and (ii) the date of
the Participant’s death.    For purposes of Section 409A, each payment made under the Plan or any Award will be treated as a separate payment. 

(c) Limitation of Liability. Notwithstanding anything to the contrary in the Plan or any Award, neither the
Company, nor any of its subsidiaries, nor the Administrator, nor any person acting on behalf of the Company, any of its subsidiaries, or the Administrator, will be liable to any Participant or to any other person by reason of any acceleration of
income, any additional tax, or any penalty, interest or other liability asserted by reason of the failure of an Award to satisfy the requirements of Section 409A or by reason of Section 4999 of the Code, or otherwise asserted with respect
to any Award. 
 (d) Unfunded Plan. The Company’s obligations under the Plan are unfunded, and no
Participant will have any right to specific assets of the Company in respect of any Award. Participants will be general unsecured creditors of the Company with respect to any amounts due or payable under the Plan. 

(e) Governing Law. Except as otherwise provided by the express terms of an Award, the domestic substantive laws of
the State of Delaware govern the provisions of the Plan and of Awards under the Plan and all claims or disputes arising out of or based upon the Plan or any Award under the Plan or relating to the subject matter hereof or thereof, without giving
effect to any choice or conflict of laws provision or rule that would cause the application of the domestic substantive laws of any other jurisdiction. 

(f) Jurisdiction. By accepting (or being deemed to have accepted) an Award, each Participant agrees or will be
deemed to have agreed to (i) submit irrevocably and unconditionally to the jurisdiction of the federal and state courts located within the geographic boundaries of the United States District Court for the District of Delaware for the purpose of
any suit, action or other proceeding arising out of or based upon the Plan or any Award; (ii) not commence any suit, action or other proceeding arising out of or based upon the Plan or any Award, except in the federal and state courts located
within the geographic boundaries of the United States District Court for the District of Delaware; and (iii) waive, and not assert, by way of motion as a defense or otherwise, in any such suit, action or proceeding, any claim that he or she is
not subject personally to the jurisdiction of the above-named courts, that his or her property is exempt or immune from attachment or execution, that the suit, action or proceeding is brought in an inconvenient forum, that the venue of the suit,
action or proceeding is improper or that the Plan or any Award or the subject matter thereof may not be enforced in or by such court.  

(g) Other Compensation Arrangements. The existence of the Plan or the grant of any Award will not affect the right
of the Company or any of its subsidiaries to grant any person bonuses or other compensation in addition to Awards under the Plan. 

  
 4 

 (h) Rights Limited. Nothing in the Plan or any Award will be
construed as giving any person the right to be granted an Award or to continued employment or service with the Company or any of its subsidiaries. The loss of any Award will not constitute an element of damages in the event of a termination of a
Participant’s employment for any reason, even if the termination is in violation of an obligation of the Company or any of its subsidiaries to the Participant. 

(i) Effective Date. The Plan will be effective upon adoption of the Plan by the Administrator and will supersede
and replace the Company’s annual cash bonus program with respect to awards granted to eligible executive officers and employees for fiscal years beginning after the date of adoption. 

[The remainder of this page is intentionally left blank.] 

  
 5 

 EXHIBIT A 

Definition of Terms 

The following terms, when used in the Plan, have the meanings and are subject to the provisions set forth below: 

“Administrator”: The Compensation Committee, except that the Board may at any time act in the capacity of the Administrator
(including with respect to such matters that are not delegated to the Compensation Committee by the Board (whether pursuant to committee or charter), if applicable). The Compensation Committee (or the Board) may delegate (i) to one or more of
its members (or one or more other members of the Board) such of its duties, powers and responsibilities as it may determine; (ii) to one or more officers of the Company the power to grant Awards to the extent permitted by applicable law; and
(iii) to such Employees or other persons as it determines such ministerial tasks as it deems appropriate. For purposes of the Plan, the term “Administrator” will include the Board, the Compensation Committee, and the person or persons
delegated authority under the Plan to the extent of such delegation, as applicable. 
 “Award”: A cash bonus award that is
granted to a Participant with respect to a Performance Period. An Award opportunity may be expressed as a percentage of the Participant’s base salary, as a fixed dollar amount, or in such other form determined by the Administrator. 

“Board”: The Board of Directors of the Company. 

“Code”: The U.S. Internal Revenue Code of 1986, as from time to time amended and in effect, or any successor statute as from
time to time in effect. 
 “Company”: The Duckhorn Portfolio, Inc., a Delaware corporation. 

“Compensation Committee”: The Compensation Committee of the Board. 

“Participant”: A person who is granted an Award under the Plan. 

“Performance Criteria”: Specified criteria, other than the mere continuation of employment or the mere passage of time, the
satisfaction of which is a condition for the grant, exercisability, vesting, or full enjoyment of an Award. A Performance Criterion and any targets with respect thereto need not be based upon an increase, a positive or improved result, or avoidance
of loss and may be applied to a Participant individually, or to a business unit or division of the Company or to the Company as a whole. A Performance Criterion may also be based on individual performance and/or subjective performance criteria. The
Administrator may provide that one or more of the Performance Criteria applicable to such Award will be adjusted in a manner to reflect events (for example, but without limitation, acquisitions or dispositions) occurring during the Performance
Period that affect the applicable Performance Criterion or Criteria. 
 “Performance Period”: A specified performance
period, consisting of the Company’s fiscal year or such other period as the Administrator determines. 

  
 A-1 

 “Plan”: This Duckhorn Portfolio, Inc. 2021 Cash Incentive Plan, as from
time to time amended and in effect. 
 “Section 409A”: Section 409A of the Code and the regulations
thereunder. 

  
 A-2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00321-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00321-of-00352.parquet"}]]